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+
+* During the short squeeze, the losses of those who have short positions continue to increase higher it goes
+   * Since they **owe** shares, the cost to cover their position increases depending on how high the price goes (there is theoretically no limit on how high a stock can go)
+* As market participants who are short on the stock buy to cover, supply decreases and demand increases, causing the price to increase even more rapidly
+* While short sellers are scrambling to cover their positions, the rapid price change may entice investors who are not short on the stock to buy it in order to make a quick profit
+   * Again, lowering supply and increasing demand
+
+# TL;DR
+
+>Obligatory TL;DR (Closest thing to one is section 5)
+
+# 5 - MOASS Breakdown of "How"
+
+The main point of the post is to read and understand section V, but here is section IV to act as a TL:DR
+
+1. Toxic Market Participants have built up massive [short positions](https://www.investopedia.com/terms/s/short.asp) made through [Naked Shorting](https://www.investopedia.com/terms/n/nakedshorting.asp)
+2. Retail caught on to this strategy and discovered it can backfire if the company being shorted does not go bankrupt, especially if shares are bought and held indefinitely
+3. Rules and regulations have implemented by the DTCC and its subsidiaries have been geared towards preventing market collapse, as well as to minimize the ability to perform illegal trades (naked shorting)
+4. The SEC is also doing more to enforce compliance with the "rules"
+5. The manipulators are at the mercy of a vicious trade cycle (T+21/35 FTD Cycle) that is forcing those with naked short positions to perform actions to [cover](https://www.investopedia.com/terms/s/shortcovering.asp) (buy back shares that are short), or risk regulatory consequences
+6. This act of rapid covering drives up the price, making it more expensive to cover during the next cycle if the share price continues to increase week over week
+7. Eventually, the prices of GME will get so high that prime brokers will have no choice but to [Margin Call](https://www.investopedia.com/terms/m/margincall.asp) these participants which most likely will not be meetable due to the nature of [Short Squeezes](https://www.investopedia.com/terms/s/shortsqueeze.asp), causing them to default and be forcibly liquidated
+8. The [Prime-Brokers](https://www.investopedia.com/terms/p/primebrokerage.asp) will then take on the position, and if the Prime Brokers cannot cover them and also defaults, the NSCC will be next to attempt to settle all positions left over based on their [Recovery and Wind-down Plan (p42)](https://www.dtcc.com/~/media/Files/Downloads/legal/policy-and-compliance/NSCC_Disclosure_Framework.pdf)
+9. If NSCC cannot afford to close everything with the money reserved for this type of situation, they the Fed must navigate the remaining positions (potentially via printing money/bailout)
+
+# Stay Tuned for Parts 2 and 3
+
+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
+* FUD
+Let's say if you had a division 1 winning ticket $150m Powerball as a sole winner tonight. How would you allocate the asset? 
+
+\- % in cash
+
+\- % in real estates
+
+\- % in bond
+
+\- % in index fund
+
+\- % in stock
+
+I believe AusFinance people have the best vision to get out of this stash. I hope the winner will be one of AusFinance subscribers and will see this post.
+Net investments into equity and equity-linked schemes tumbled 95% over the preceding month to Rs 240.55 crore in June, according to data released by the Association of Mutual Funds in India. This was the third straight monthly drop.
+
+Yet the stock market is surging! What to make out of this ?
+First of all, Merry Christmas/happy holidays to everyone. 
+
+I’ve talked with my family and girlfriend and been discussing how I’ve been day trading for the past six-seven months. They know very little about my trading besides the fact the I have yet to be profitable and I that I do it. 
+
+Someone brought it up again and it turned into almost an intervention where my whole family ganged up on me telling me about how all I’m doing is throwing money away and that I need to stop immediately. I will admit I messed up big time in the beginning, where I lost 25% of my account in a single trade, and proceeded to loose 50% more due to trying to make the initial loss back as quick as possible. Since then I took a break and am working on consistent trading, and have slowly gained 25% of my money back. (Account started at 3k, went to a little under 1k, and I’m now sitting at around 1.7k) 
+
+They are making me feel really bad about doing something that I really enjoy and want to do for the rest of my life. I feel like I am getting better at. They describe me as a gambler, yet they know nothing about my process or how many hours I’ve spent trying to learn set ups, indicators, patterns, what my edge is, how the market operates, and what is driving prices. 
+
+I really didn’t think I would find a passion in life until I found the markets, it’s one the most fascinating things for me. It’s given me the motivation to continue my college education, it’s given me something to really work towards when I was just kind of floating through life with no direction.
+
+I really don’t think that I’m treating trading like  gambling, I think I have a healthy relationship with it, I’ve never risked money I can’t afford to lose, I’m not struggling financially because of it, nor has it effected me emotionally for longer than a few minutes or so. 
+
+I’m mostly just trying to vent, maybe looking for validation since I feel pretty bad about something I absolutely love. So if you stuck around and actually read this I appreciate it. I guess I’m also asking if anyone has had similar issues with their family and how you tackled it, or if you think that I actually am treating trading like gambling let me know. 
+
+TLDR
+
+My family thinks my trading is pure gambling and that I have a problem, I think that I have a healthy relationship with it and that I’m on the road to consistency. Am I going somewhere or just gambling my money?
+So going through some major fomo at the moment due to a couple reasons… early this year had a 1.99 buy for novonix but got greedy and lowered it to 1.80 and missed the boat. Now I’ve done the same with Magnus at 40c a bit over a week ago. I will be buying Magnus once itS a little less volatile and I do see the potential in Magnus and how it’s a miner as well as battery producer but I’m curious to other peoples opinions on it. I don’t know if it’ll follow the exact same curve as NVX price wise but it’s definitely obvious that it’s future is quite bright if everything goes to plan! Who’s bought Magnus and why did you? Plus those who’ve looked at it but decided against buying why did you do that? Keen for a discussion
+Your markets are run by bots. Now your daily threads are too.
+
+​
+
+This thread is for plans and thoughts prior to the market open period.
+
+Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+​
+
+Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share).
+
+​
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH).
+Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people.
+
+[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) 
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE)
+Your markets are run by bots. Now your /r/Asx_bets daily threads are too.
+
+Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) 
+
+Automoderator may provide "Guidance" for Lazy and zero effort posting.
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u)
+So going through some major fomo at the moment due to a couple reasons… early this year had a 1.99 buy for novonix but got greedy and lowered it to 1.80 and missed the boat. Now I’ve done the same with Magnus at 40c a bit over a week ago. I will be buying Magnus once itS a little less volatile and I do see the potential in Magnus and how it’s a miner as well as battery producer but I’m curious to other peoples opinions on it. I don’t know if it’ll follow the exact same curve as NVX price wise but it’s definitely obvious that it’s future is quite bright if everything goes to plan! Who’s bought Magnus and why did you? Plus those who’ve looked at it but decided against buying why did you do that? Keen for a discussion
+Your markets are run by bots. Now your /r/Asx_bets daily threads are too.
+
+Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) 
+
+Automoderator may provide "Guidance" for Lazy and zero effort posting.
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE)
+Your markets are run by bots. Now your /r/Asx_bets daily threads are too.
+
+Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) 
+
+Automoderator may provide "Guidance" for Lazy and zero effort posting.
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH)
+Your markets are run by bots. Now your daily threads are too.
+
+​
+
+This thread is for plans and thoughts prior to the market open period.
+
+Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+​
+
+Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share).
+
+​
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH).
+Your markets are run by bots. Now your daily threads are too.
+
+​
+
+This thread is for plans and thoughts prior to the market open period.
+
+Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+​
+
+Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share).
+
+​
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH).
+I wish I could add all the accomplishements made by this team, I will just add some more here...
+
+Promoted last night by LIL XAN, a famous star with over 5 millions followers that brought over 2k followers in less than 24 hours.
+
+The team was approached by a HUGE celebrity and they have filmed a documentary to be released in the next 48 hours, which I think will  attract a lot of eyes and send this straight to the moon.
+
+
+​
+
+**Team**
+
+BABYBNB is breaking records, the team and developer are reaching targets on time, and are always delivering on promises, the market cap is relatively low at this stage but it's primed to reach 500m.
+
+​
+
+**Charity**
+
+The team is doing massive donations on every milestone, the latest donation was 10 000 for children in need, and they have planned many more to come. The system they have developed related to donation is really interesting since they are donating to different countries on every milestone but always in children in need.
+
+​
+
+**Community**
+
+The community behind the project is amazing and is constantly supporting the team in every decision they take and are also helping with the cause of the project making donations to save as many children as they can.
+
+​
+
+ ✅ CMC LISTED
+
+ ✅ CG LISTED
+
+ ✅ Currently #1 TRENDING on CMC for TOP GAINERS
+
+ ✅ 6 million market cap (17M ATH)
+
+ ✅ HUGE DONATION GIVEAWAY MILESTONES
+
+ ✅ 1 BIllion Market Cap Plan to build a school in El-Salvador
+
+ ✅ GREAT TEAM
+
+ ✅ 1 WEEK OLD PROJECT
+
+ ✅ MAJOR CEX LISTING IMMINENT
+
+ ✅ MOON IMMINENT 
+
+​
+
+**Tokenomics**
+
+ 📋 A 10% tax is charged on each transaction. This can be divided into 3 parts:
+
+ 📋 2% holders fee
+
+ 📋 5% buy-back-burn fee;
+
+ 📋 3% marketing fee
+
+​
+
+The purpose of this fee is to ensure that there is enough budget available for marketing.
+
+​
+
+**Official Baby BNB links:**
+
+Contract: 0xc1168b7b85b2bbc8a5c73c007b74e7523b2da209
+
+Website : [www.babybnb.net](https://www.babybnb.net)
+
+Telegram : [t.me/babybinance](https://t.me/babybinance)
+
+Twitter : [https://www.twitter.com/babybnb\_bsc](https://www.twitter.com/babybnb_bsc)
+
+Reddit : [https://www.reddit.com/r/BabyBNB/](https://www.reddit.com/r/BabyBNB/)
+I make $60k/ year with a nice bonus that I do not invest (I use it for home improvements yearly). 
+
+Anyway, I’m in my mid 20’s and put 15% of my salary away. My company matches 10% and I currently have $28k in my 401k. Vanguard says I need to be saving more, but I put more in my 401k than I do in my savings. Is this right?
+
+Edit: went to work and when I popped back on to check this ended up getting more answers than I thought. Thank you all for your help!
+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.
+Since the past year, there have been increasing talks about impending recession, and the biggest question that I ask myself is should I hold cash, or continue my SIPs!
+
+I decided to run a little experiment today, and see how this decision has fared in the past. I know, that past performance is not an indicator of the future, but I just wanted to check how this has varied for my investment horizon in the recent past.
+
+I took the NIFTY 50 data from Jan 01, 1999 to Jan 01, 2020. The basic assumption was that you get a fixed amount of money to invest every month on the first date of the month (Rs. 1000), and the minimum units that you can buy is 0.01. I tried two basic strategies:
+
+* You invest as soon as you have cash.
+* You invest only when the index is at least x% from the all-time high.
+
+These are the basic results that I could get:
+
+|Strategy|Final Holding|Max Cash Deployed|Max Cash Held Deploy Date|
+|:-|:-|:-|:-|
+|Buy ASAP|11,33,700.11|1,108.96|2018-09-03|
+|Buy on or below (5%)|11,27,949.68|13,054.54|2018-02-06|
+|Buy on or below (10%)|11,32,815.26|20,025.82|2015-05-07|
+|Buy on or below (15%)|10,95,813.36|24,047.62|2015-09-07|
+|Buy on or below (20%)|10,80,350.19|43,004.86|2016-02-11|
+|Buy on or below (25%)|10,65,730.86|24,013.73|2006-06-08|
+|Buy on or below (50%)|9,52,183.34|85002.78|2008-10-17|
+
+​
+
+Here is the [code](https://github.com/cynical-bibliophile/Finance/blob/master/experiments/should_you_hold_cash.py) (if you'd like to fiddle). I am new to python, so it is absolutely possible that I messed up in the code somewhere. If you find any issues, let me know, and I'd be willing to run the experiment again.
+
+Edit:
+I'm thinking of writing a blog entry with detailed graphs and other strategies. Would that be something that you guys might be interested in?
+I bought my first investment property at 3.375, my buddy is looking and our shared broker said he’d be lucky to land around 5.25%! 
+
+Have the mortgage companies overshot here? Are they overestimating the pace of federal reserve?
+I'm 26 and have no savings. I have, however, recently paid off my $80k in student loans. I make ~$85k. This is the first I'm really looking at long-term financial planning, so I'm in a little over my head.
+
+My parents have no savings and no other assets. They blew through everything, college funds included, trying to keep the house in the 2000's. They're 58, and my dad is the primary source of income, but his continued health is highly questionable.
+
+My parents still owe 50k for my younger brother's loans, plus whatever $1800/month is on the mortgage and any CC debt on top of that. There's a much-needed new car on the horizon as well. I don't know the totals, but I know it's nauseating.
+
+I don't really want to tackle their debt, having put so much effort into clearing mine, but I don't want to watch them struggle, either. I've already accepted that it's likely they'll move in with me eventually.
+
+How much should I start saving for them (without being too stingy) so they can be comfortable, but without completely messing up my own/potential future family's finances?
+
+I figure if SS is enough for their groceries and whatever personal expenses/bills they might have, then besides housing I need to have a float for medical costs and probably something to supplement their spending money. 
+
+Also, any basic recommended reading would be helpful.
+Hello. My parents are kicking me out of the house since their legal duties are fulfilled and I was hoping you guys could help me figure out what I should do. 
+
+I don't have much in the way of savings and am currently looking for a job with very little luck so far, i already visited an employment agency and i was told there wasn't much they could do for me with my level of education. They also suggested moving out of the country but i have no money and the idea terrifies me. I don't have a car, I've used public transportation my whole life. I don't have any other relatives besides an aunt but she won't return my calls. I live in Portugal.
+
+Sorry if I didn't provide much information but I don't know what to think, do or say right now.
+
+Edit: Small update, I've already started getting my documents in order just as people advised me.
+
+I also checked about the RSI which is apparently a value i'm entitled to from the state but it seems by father has been requesting this on my behalf for a while now (i had no idea), they found out and now i'm blacklisted. I couldn't make this shit up if i tried.
+
+I also went to the employment center and there seem to be some paid courses that might help somewhat? They don't seem to pay much but it's something.
+
+Thanks for all the advice, it helps to know i got people looking out for me.
+34M, $1.1MM in assets, HCOL City. $110k Salary
+
+Under the 4% rule, my monthly budget is $3600/mo.  But my rent+utilites runs me $2,000/mo.  A bit over half, and home ownership is a bit out of my price range.  I'm unmarried, and have no kids, but am open to that someday.
+
+So a full on retirement right now would be a bit too lean for my taste.  I spoke to my boss a few days ago and told him that I'd like the ability to take 3-6 months of unpaid time off a year moving forward.  This would allow me to have the ability to enjoy life while I still have some youth left in me, and let me easily come back to a full time role if the marriage/kids lifestyle starts to happen.
+
+I do actually enjoy a lot of what my job has to offer, and having the flexibility to take a loooooong break after a project is completed would greatly help my work life balance.  Currently when a project is finished and we're all exhausted....a new one comes in the next day and we have to go full steam ahead without any downtime.  Gross.
+I am one of the many millennial home owners who has never experienced an interest rate rise.
+
+With an interest rate rise/multiple rises inevitable now, I have a larger scale question. 
+
+There no doubt are a lot of households who are at very real risk of defaulting on their mortgage, and the effect that multiple defaults would be devastating on both a household but also economic level.
+
+My question is, at what point would the government/RBA step in? Would they just let potentially thousands default on their mortgage or would they take action first?
+
+No hate please, genuine question as I have never experienced this before.
+*This piece will be posted at 4:20 pm NYSE time every trading day!* 
+
+https://preview.redd.it/8bmx62eaav271.png?width=1426&format=png&auto=webp&s=c86141d7bacf2b5eeab67f5b4801f460a3136b97
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+# 🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+# $GME Closing Price: $282.36
+
+​
+
+Open Price: $248.50
+
+Daily High: $294.00
+
+Daily Low: $244.30
+
+Volume: 15.73 MM
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+# GME 101
+
+​
+
+*If you're new to Superstonk, start here!*
+
+​
+
+https://preview.redd.it/fooxldqxqw271.jpg?width=700&format=pjpg&auto=webp&s=aa43214ca581df77fcdb42d127ebf5fdf845bb11
+
+[Superstonk FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq#wiki_how_do_i.2C_as_a_retail_investor.2C_stand_a_chance_against_the_hedge_funds.3F)
+
+[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index)
+
+[The Everything Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/)
+
+[House of Cards I, II & III in PDF format](https://www.reddit.com/r/Superstonk/comments/nm83eb/a_house_of_cards_parts_i_ii_iii_in_pdf/)
+
+​
+
+*More DD to be added as we develop this section! This will be a daily recurring section that will serve as a go to reference for new apes!*
+
+​
+
+Also, as you probably know, [u/Atobitt](https://www.reddit.com/u/Atobitt/) has dropped HOC II&III. Pretty sure it crashed reddit when it dropped!! This piece was peer reviewed by such prominent experts as Wes Christian, Dave Lauer and mods as well. The apes of Superstonk sincerely appreciate the time and effort put into getting this information out there. 🦍🤝💪\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+# Lucy Komisar and Wes Christian AMA TODAY!
+
+​
+
+**Today we are welcoming back Lucy Komisar, this time as a special guest host for fellow AMA veteran, Wes Christian!**
+
+The topics of discussion are going to be Naked Short Selling and Death Spiral Financing on a broad, market-wide scale.
+
+# [Tune in today at 4:30 pm Eastern on Superstonk Live YouTube!](https://youtu.be/q8-JO3g5bm4)
+
+​
+
+[Lucy Komisar](https://preview.redd.it/fk2n71sgkv271.png?width=1542&format=png&auto=webp&s=3a8739feeea3038cccd730f6107029d6c80ed34a)
+
+​
+
+[Wes Christian](https://preview.redd.it/zq89876ikv271.png?width=170&format=png&auto=webp&s=148504fe31ff5bd6f656c106d749321bc16b02a6)
+
+​
+
+Just a friendly reminder also, that Dr. Trimbath has taken a raincheck on the June 8 AMA with Atobitt. Updates on that to come soon!
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+#  Goldman Sachs & Co fail to reconstruct AT LEAST 10% of computerized trade data between December 2nd 2020 and January 29th 2021 
+
+*written by* u/Atobitt 
+
+[Link to OP](https://www.reddit.com/r/Superstonk/comments/nqmz4u/breaking_goldman_sachs_co_fail_to_reconstruct_at/)
+
+ 
+
+So I was doing my morning walkthrough of new FINRA violations and caught this BEAUTY for [Goldman Sachs & Co LLC](https://files.brokercheck.finra.org/firm/firm_361.pdf)
+
+. Anyone else recognize the significances of that date range? It's the SAME timeframe that USS GME was prepping for liftoff.
+
+Don't trust a F\*CKING THING these ass clowns tell you. The data you see is whatever they WANT you to see.
+
+​
+
+https://preview.redd.it/st6adciybw271.png?width=1017&format=png&auto=webp&s=b415b123f27254b95d773dd00c986383559e5262
+
+[Source\^](https://files.brokercheck.finra.org/firm/firm_361.pdf)
+
+ No one knows what data was unavailable to reconstruct the trade, but here's a simplified [list of requirements](https://www.bobsguide.com/articles/trade-reconstruction-a-growing-pain-point-for-firms/)
+
+​
+
+https://preview.redd.it/famj1i83cw271.png?width=1039&format=png&auto=webp&s=8e1ae4ffcf6f46c8fad6207cc8aeba9ad3019fab
+
+The data is coming out, apes. Their f\*ckery continues.
+
+​
+
+**DIAMOND.F\*CKING.HANDS**
+
+​
+
+Back to u/pinkcatsonacid 🐈🦄
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+# DFV Tweets 
+
+^(ohmygodilovehavingtweetstodiscussagainholycrapweloveyoudfvwelcomebackplsnoticemesenpai)
+
+​
+
+https://preview.redd.it/19yqxcuiaw271.jpg?width=1077&format=pjpg&auto=webp&s=601fafcc6246c69c49822f6b8cd890f78c58432b
+
+[Link to tweet](https://twitter.com/TheRoaringKitty/status/1400089824015626240?s=20) \^
+
+​
+
+https://preview.redd.it/w15qqrgiaw271.jpg?width=1080&format=pjpg&auto=webp&s=38a42eb8ace3490cac7d919cf4229ddcc9d04d3d
+
+[Link to tweet \^](https://twitter.com/TheRoaringKitty/status/1400112472414199809?s=20)
+
+​
+
+https://preview.redd.it/bzcpmbfhaw271.jpg?width=994&format=pjpg&auto=webp&s=b3086244cf2fa623193c4d878a2e27ca3cc8f349
+
+[Link to tweet \^](https://twitter.com/TheRoaringKitty/status/1400124740291923968?s=20)
+
+​
+
+https://preview.redd.it/1uf3pcxfaw271.jpg?width=953&format=pjpg&auto=webp&s=c72a74829756b2af5b774fe5de97691d376ec41a
+
+[Link to tweet \^](https://twitter.com/TheRoaringKitty/status/1400135118723891208?s=20)
+
+​
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+#  Community Spotlight-u/Bombxing and the Mulligan Bros
+
+# ____
+
+# u/Bombxing AKA the OG Tendieman and Sea Shanty KING
+
+​
+
+[**EVERYONE knows the legend of the Tendieman**](https://www.reddit.com/r/wallstreetbets/comments/l0dfrp/the_tendieman_lyrics_and_video_by_uquigonshin/?utm_source=share&utm_medium=web2x&context=3)**.** 
+
+​
+
+​
+
+[Soon may the Tendieman come](https://preview.redd.it/080jwqcqcw271.jpg?width=2400&format=pjpg&auto=webp&s=83e164889935a82ec7490998760464663d091387)
+
+​
+
+Well, u/Bombxing is the man behind that legend. And he just keeps putting out battle bangers. I seriously get flashbacks when I listen to [Fat Dip](https://www.reddit.com/r/wallstreetbets/comments/lsrbw6/fat_dip_wsb_cover_song/?utm_source=share&utm_medium=web2x&context=3) and [My Mother Told Me](https://www.reddit.com/r/GME/comments/m38fkc/my_mother_told_me_wsb_cover_song_for_the/?utm_source=share&utm_medium=web2x&context=3) (my opening bell song for WEEKS in the red!!)... I can smell the tendies of yore when I hear his voice. How does January and WSB seem like eons ago?? We are battle worn and more diamond handed than ever, thanks to the artists like him providing us with a beat by which to march 🥁
+
+​
+
+His new song,[ Hold Her, Monke](https://www.reddit.com/r/WSBrecords/comments/nox00e/leave_her_johnny_gme_cover_hold_her_monke/?utm_source=share&utm_medium=web2x&context=3)
+
+​
+
+Another one of my faves: [Bones in the Ocean](https://www.reddit.com/r/GME/comments/liu17f/another_gme_sea_shanty_bones_in_the_ocean_cover/?utm_source=share&utm_medium=web2x&context=3)
+
+​
+
+He has lots of others so check them out! 
+
+# ______
+
+#  Meet Finley and Quinn Mulligan- The brothers behind the Apes Together Strong Documentary
+
+​
+
+*The one told by apes, for apes.*
+
+​
+
+ [This is pasted from the OP by](https://www.reddit.com/r/Superstonk/comments/n9x3qw/documentary_update_its_all_about_the_apes/?utm_source=share&utm_medium=web2x&context=3) [u/albanak](https://www.reddit.com/u/albanak/)
+
+​
+
+🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍-- **INTRO** \-- 🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧
+
+My name is Finley Mulligan ([u/albanak](https://www.reddit.com/u/albanak/)), my brother is Quinn Mulligan ([u/cyclopsQHM](https://www.reddit.com/u/cyclopsQHM/)). We are apes.
+
+We've been hodling since early Jan, joined the exodus to [r/GME](https://www.reddit.com/r/GME/) and eventually migrated with the first wave of settlers at [r/superstonk](https://www.reddit.com/r/superstonk/) — we are not outsiders, we want to make sure this story is told right and from within.
+
+​
+
+[u\/albanak aka Finley](https://preview.redd.it/vm6x4md96w271.png?width=3262&format=png&auto=webp&s=cb54aecc81357f508968ea2ae2790f5f7ce522a0)
+
+​
+
+[ u\/cyclopsQHM aka Quinn](https://preview.redd.it/8ujnczya6w271.png?width=3286&format=png&auto=webp&s=7c9c8c048a298a525e0a8e18afdd978adb9001eb)
+
+​
+
+🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍-- **BACKGROUND** \-- 🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍
+
+​
+
+We got sick of seeing "retail" investors being portrayed like shit by the mainstream media.
+
+We couldn't stand seeing the narrative build that the current untenable state of our markets is somehow *our fault* — meanwhile, everyone turns a blind eye to the corruption, illegal practices, and blatant manipulation being practiced by the "institutions" lining the pockets of the asshats condemning us.
+
+Then the hulu doc came out and we kind of hit a limit. SO. I posted a simple question — "**Who wants a REAL documentary about what's happening with the squeeze**?" and the response was overwhelmingly positive — you had some key points of guidance:
+
+* The story isn't done 'til the squeeze has squozen
+* Ask the questions no one's asking (naked short selling, FTDs, etc)
+* Make sure to features the community as much as possible
+* Tell the truth even if the truth hurts
+* Fuck off, we just like the stock (fair enough)
+
+[**We took those tenets to heart and posted THIS**](https://www.reddit.com/r/GME/comments/mgoo4a/update_question_who_wants_a_real_documentary/)**.**
+
+This story isn't finished.
+
+It feels like a war of attrition at times but with new rules, SEC head, and the simple fact that time is on our side we believe that we will soon see an end to this saga.
+
+This last act is still unfolding and we won’t be telling an unfinished story — apes are very clear that this film shouldn’t finish until the squeeze has squozen and we want to respect that.
+
+We’ll be including the community throughout the creation of the film. Offering to show rough cuts, consulting when we’re stuck or need fresh eyes. We believe very much that community engagement is vital to being able to call this a film for apes by apes.
+
+If you'd like to follow along you can join our mailing list at [apestogetherstrongdoc.com](https://apestogetherstrongdoc.com/)
+
+or our twitter @ apestogetherdoc
+
+Please hit us up at [info@apestogetherstrongdoc.com](mailto:info@apestogetherstrongdoc.com) or tag [u/albanak](https://www.reddit.com/u/albanak/) in any post you think is worth calling attention to! Special thanks to [u/not\_ya-wify](https://www.reddit.com/u/not_ya-wify/) who's been super awesome doing this.
+
+This film is for you all, we'll answer any questions you have.
+
+**APES. TOGETHER. STRONG.**
+
+🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍
+
+[**Read the full story about the Mulligan brothers and their awesome documentary here**](https://www.reddit.com/r/Superstonk/comments/n9x3qw/documentary_update_its_all_about_the_apes/?utm_source=share&utm_medium=web2x&context=3)**.** 
+
+***From Pink Cat-*** *Please note that neither Superstonk, nor Superstonk Live YouTube are affiliated with the production (or any resulting profit) of this film. We just think it's cool as shit that they're telling the story from apes' perspective and wanted to share with you guys :)*
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+# Safe and Sound with Team SATORI
+
+​
+
+*written by SATORI dev,* u/grungromp
+
+​
+
+Hey everyone! u/Grungromp of Team Satori with a security suggestion for the day! 
+
+​
+
+We've had a LOT of people reaching out with suggestions and things they've been noticing, and one comment from a cyber security pro in particular felt important to pass out to the sub. 
+
+​
+
+We've been seeing small Reddit crashes and issues with access to the service and sub lately, and under normal circumstances they aren't anything to be incredibly concerned about. But we live in extraordinary circumstances, and caution is warranted. 
+
+​
+
+Any one of these crashes could be due to any number of reasons, but there is always a chance data has leaked in some way. With that in mind, password rotation is a fantastic idea! There's no need to panic right now, but if Reddit starts behaving weird, rotate your security, just in case. Better safe than sorry! 
+
+​
+
+**Buy. Hold. Vote. Fight.**
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+# MODel Behaviour
+
+​
+
+*written by* u/Bradduck_Flyntmoore
+
+​
+
+Howdy apes! u/Bradduck_Flyntmoore here! How about that price action today, amirite?! Your Ape-bassador comes to you with a request from the Mod Team. Now that our beloved psychic monkey bot has been released into the jungle, things have obviously changed. It's obvious in new. It's obvious in hot. It's even obvious when you sort by controversial comments (one of my faves, btw ). HOWEVER, one of the things that still needs some attention is the number of posts of mass-shared content.
+
+​
+
+We all know the stuff. Take 27 DFV posts per tweet, of the same tweet, or link to the tweet, or the tweet of the link of the tweet, for example. Or when eToro allowed voting; goodness, I must have spammed 100 duplicates of essentially the same thing every hour for three hours straight. Ngl, it was NUTS lol. Don't get me wrong, I, too, have posted things that I JUST found out about, only to find out five minutes later that I, in fact, was late to the party. It do be like that sometimes. We are all apes, and apes are, by their very nature, thrilled to share good news and exciting new information with their fellows. That being said, please don't be too upset if a fellow ape says something about your post already being posted. It's not a competition to see who can get there first. Remember when reporting or letting an ape know their content has already been posted, to be excellent to each other. This is, after all, the way.
+
+​
+
+It is to this end that the Mod Team is making a formal request. Help us, help you. Weekend FUD patrol and The Knights of New are totally killing it, but the mass-shared content goes under-reported. It's a fact, and I think it has become easier to see, what with the SATORI hush that has fallen over this special little sub. 
+
+​
+
+I'd also like to take a moment to say how impressed I am with some of the behaviour I've seen in comments lately. Shit-talking is being countered with patience, humor, logic, and kindness. Lies are being called out with a sense of calm confidence. Scare tactics and outright aggressiveness is being met with chill and zen and dismissiveness. It's enough to make an Ape-bassador cry. Truly.
+
+​
+
+sniffle Alright! So. Recap. Y'all are awesome. The love in here is really shining through, and Mods would REALLY appreciate if apes could start addressing the mass-shared content within the community. Report it. Let the OP know it's already been posted. SATORI can only do so much, and the content that flows on this sub is ultimately in our individual, collective hands. That's right, diamond fucking hands.
+
+​
+
+Power to the Player 🚀🌙
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+# VOTE! by [u/Bye\_Triangle](https://www.reddit.com/u/Bye_Triangle/)
+
+​
+
+[awesome artwork by u\/Bye\_Triangle](https://preview.redd.it/wvycwss07w271.png?width=1000&format=png&auto=webp&s=7c88663128048a377bdbedc91909b2165c5d6885)
+
+Again, and again, until the voting is over-- we will be back here reminding everyone of its importance. All of this DD, all of this guidance from experts, all of this attention on this naked short-selling issue... will be for nothing, if we don't vote our shares.We must vote our shares to show everyone how prolific this issue is. This isn't just a matter of corporate governance, this is about proving to everyone that our investment is being crushed by greedy naked short sellers dumping, potentially, millions and millions of "Phantom Shares" into the market. This isn't anything new, as all our AMA guests have said, this problem has been going on for decades in some form or fashion... But this time, the new variable is us.By participating in the vote you are ensuring that every last share that the shorts have fabricated and sold to us is counted. Once their actions see the light of day, in the form of the vote count, this will be the beginning of the end...There is no way out for them as long as we all vote our shares. Anyone who tells you otherwise is wrong or doesn't fully grasp the situation.And to those of you who are told by your brokers that you aren't able to vote... make noise, tell them you demand your rights... If you own shares in a company, it is YOUR RIGHT to vote on that companies decisions.**There is proof that this works, as we are receiving news that** [**Etoro**](https://www.reddit.com/r/Superstonk/comments/nmtq9s/we_did_it/)**,** [**Tiger**](https://www.reddit.com/r/Superstonk/comments/nmt6lw/not_sure_if_posted_before_but_fyi_singaporean/?utm_medium=android_app&utm_source=share) **and** [**FUTU**](https://www.reddit.com/r/Superstonk/comments/nmvme5/hong_kong_apesss_using_futu_can_finally_vote/) **are now being made able to vote... So don't give up, if you had shares in time for the record date, then it is your right, do not take it lightly that they are trying to strip that from you.**[The other half of Sweden is joining the battle! Nordnet have decided to follow Avanza's footsteps and register all GME customers in a broker non-vote! Including all customers in the other Nordic countries!](https://www.reddit.com/r/Superstonk/comments/nn50ye/the_other_half_of_sweden_is_joining_the_battle/)
+
+[**Also, be sure to read this piece by**](https://www.reddit.com/r/Superstonk/comments/nlpz4h/your_votes_are_important_the_time_to_vote_is_now/) [**u/Nauaf**](https://www.reddit.com/u/Nauaf/) [**on how to vote your shares!**](https://www.reddit.com/r/Superstonk/comments/nlpz4h/your_votes_are_important_the_time_to_vote_is_now/)**Comment ! apevote ! (without spaces) to receive your custom voted flair!**
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+# 🎉HYPE WEEK🎉
+
+​
+
+**Monday**\- NYSE Closed for Memorial Day
+
+​
+
+**Tuesday**\- DFV TWEETED- THE KING IS BACK!!!
+
+​
+
+**Wednesday**\- [Lucy Komisar and Wes Christian AMA](https://www.youtube.com/c/Superstonk/featured) at 4:30 PM Eastern!
+
+​
+
+**Thursday**\- [SEC Closed door Sunshine Act Meeting](https://www.sec.gov/news/upcoming-events/closed-meeting-060321) at 3:15 PM Eastern
+
+​
+
+**Friday**\- Take your protein pill and put your helmet on.
+
+​
+
+There is electricity in the air this week as many apes have pointed out! It is important that this hype train keep on rolling, and that the steady drumbeat, keeps on beating. As long as you know that there is always more to be hyped about on the horizon, disappointment cannot catch-up. So with that in mind, allow yourself to feel the hype, but remember that if it doesn't happen this week...We ain't going anywhere, it just means we get another week out in the jungle, screamin' with the apes. ***OOK OOK***
+
+​
+
+Just remember, we got this far cause we do our research and we trust our findings. Armed with data there should be nothing that can kill the vibe. In the words of Dr. Burry:
+
+​
+
+***"I may have been early, but I am not wrong"*** *(This quote has never rang more true)*
+
+​
+
+https://preview.redd.it/5a91ehfg4w271.png?width=1600&format=png&auto=webp&s=c9ac5d245d1a146fe7804de500c5f73d01c21c82
+Do you have an absolute maximum age requirement for a home, where you wouldn’t consider the home if it’s any older ?
+
+I see some investors buying only >1980 built while others buying even 1900 houses. 
+
+In either case, what’s your reasoning? 
+
+Has your preference helped you in scaling your portfolio faster? (Since newer houses require higher capital)
+
+Did you regret buying older homes and changed your mind for future investments?
+**EDIT: March 3 2:19... I made a mistake when taking the screen shot on GME March 19th. This wasn't a conspiracy....**  
+
+
+  
+On March 19th 2021 is another rare [Quadruple Witching.](https://www.investopedia.com/terms/q/quadruplewitching.asp)
+
+This is a once in a quarter event where stock futures, stock options, stock index options and stock futures all expire simultaneously. This can, by it's nature, create huge volatility.
+
+Let's have a look at a REAL company and the outstanding call contracts with the most open interest.
+
+**$TSLA - March 12th**
+
+https://preview.redd.it/9xjjuubzslk61.png?width=895&format=png&auto=webp&s=c5f06eb2864db2d74413a7ac363616ee08490162
+
+**$TSLA - March 19th**
+
+https://preview.redd.it/6axzlgzuslk61.png?width=903&format=png&auto=webp&s=7ba2b4b3ba2f7007daf0142f445b69e489e3c6cb
+
+**$AAPL - March 12th**
+
+https://preview.redd.it/kdz8yh44tlk61.png?width=893&format=png&auto=webp&s=8c3f50958ee080049817c0fd21105ec97949dae7
+
+**$AAPL - March 19th**
+
+https://preview.redd.it/h1ij5187tlk61.png?width=893&format=png&auto=webp&s=1193edf3bebf67f834584475b49df51e7ea18414
+
+OK, so these are mega-caps and we're seeing a 10x increase in options contracts on March 19th.
+
+And let's try a less sexy-big stock
+
+**$WMT (Walmart) - March 12th**
+
+https://preview.redd.it/3zo5ff4itlk61.png?width=887&format=png&auto=webp&s=cfc0bfd7db1bc086b604a66febc56adad80ac796
+
+**$WMT (Walmart) - March 19th**
+
+https://preview.redd.it/vl80croltlk61.png?width=913&format=png&auto=webp&s=41a201a7b547dcfcb3112a0ad8d4aea7bc7a2d00
+
+**OK, now check this out:**
+
+$AMC - March 12th
+
+https://preview.redd.it/lsadk2lqtlk61.png?width=905&format=png&auto=webp&s=7df76e9ca51e167d61135cc175e981a4a2b25542
+
+**$AMC - March 19th**
+
+​
+
+https://preview.redd.it/hv0dds3ttlk61.png?width=885&format=png&auto=webp&s=848a686a932102bf6ee8c908977254f673c914d5
+
+AMC have more options calls than TSLA right now for March 19th and over 10x Walmart. They have about 50% APPLE (Ok you know how big Apple is guys?)
+
+**$BB - March 12th**
+
+​
+
+https://preview.redd.it/ngn69q7ztlk61.png?width=899&format=png&auto=webp&s=c8052e3ea7cfcd7ff18e58f022e036ef5a2aae88
+
+**$BB - March 19th**
+
+https://preview.redd.it/chs3uef2ulk61.png?width=907&format=png&auto=webp&s=0b5681781d3658f34212bfa0107d299b808a06c8
+
+Huge call volumes on Blackberry but people are really wanting to see this north of $20!
+
+**$NOK - March 12th**
+
+https://preview.redd.it/iplwqwc6ulk61.png?width=883&format=png&auto=webp&s=484cccdbe85fba3bcf745dfed4ee91b0e9766ed6
+
+**$NOK - March 19th**
+
+​
+
+https://preview.redd.it/czhr2h7eulk61.png?width=903&format=png&auto=webp&s=1934d71b486449e8a7c8e3eb77f85a9798f3627e
+
+YES, that is 127,885 contracts at a $5 strike. HUGE. If this hits $5 it could just as easy keep going.
+
+**$GME - March 12th**
+
+​
+
+https://preview.redd.it/mpvljrfjulk61.png?width=899&format=png&auto=webp&s=2ab7daf14ae533509096519b696aed0de1486926
+
+**$GME - March 19th**  
+EDIT @ 2:18 Pm March 3  
+**Apparently when I took this screenshot it didn't show the $800 calls... This was not a conspiracy or photoshopped... Anyone can validate the data.** 
+
+​
+
+https://preview.redd.it/wmjfoep06vk61.png?width=921&format=png&auto=webp&s=61a5e966fc9b47e5e34a90e50f851728317c03a7
+
+Not massive interest here but respectable.
+
+**$RKT - March 12th**
+
+https://preview.redd.it/xm5pzkbsulk61.png?width=889&format=png&auto=webp&s=d19da1ad911088f2d0771ce8a4154aba8b9a6525
+
+**$RKT - March 19th**
+
+https://preview.redd.it/4kfo2e3vulk61.png?width=885&format=png&auto=webp&s=195e410dc839557c634fd77df73f77bff4a4d596
+
+\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\***TLDRish**
+
+The theory: Get on your tin foil hats.I think 'someone' or many 'somepeoples' have discovered the incredible power of near-term options and their influence on the upward volatility on price.
+
+As more options are bought near-the-money it causes a delta spike as market makers buy shares to hedge. This normally isn't enough to do much- but add in some magical ingredients including but not limited to: highly volatile stocks, heavy retail interest, significant short interest, a small float, inclusion in ETFs, INDEX FUNDS and other FUNDS.
+
+As the price rises close to the strike price we also see some gamma spiking. Personally I think we saw delta hedging yesterday on Blackberry. Huge volumes around 11am.
+
+So, PEOPLE, have discovered that just buying these heavy options, especially around volatile times, can influence the price likely more dollar-for-dollar than just buying the stock. It might be that many WSBers are literally in the right place at the right time.
+
+**What does it all mean?** Hang onto your bananas. This thing is bigger than us. If the prices on some of these stocks rise they will need to be re-calibrated for weight for inclusion in their index funds. This creates a lot of buying and selling which exasperates the volatility further. The more volatility the more market makers have to hedge.
+
+I think we are in for a once in a life time historical volatile ride. If you hold stock, you can ride it out and better time it. If you hold options you are really hoping your timing works well.
+
+Something BIG is going to happen leading up to March 19th and the way the call contracts are organized creates a kind of series of landmines just waiting to be tripped. Each mine sends the price further and more volatile. What's more interesting is these stocks all seem to be related in a basket by the algo-computers. This does mean there is some degree of echo where what happens in AMC affects BB for instance. It might mean we see some double feedback happening as well. We did see it originally in January (and no one has been able to explain exactly WHY yet). I think January was a test... A proof of concept. The real prize is March 19th.
+
+**GOOD LUCK...**
+
+Disclaimer: This is not financial advice. This is for informational and entertainment purposes only. The thoughts herein are my own. Do your own research. Do something nice for someone today.
+
+Positions: I have some BB, NOK, calls and want to pick up some RKT calls and YOLO today. They're way up pre-market and looks like it's going to be expensive... but I particularly like this one due to the high insider ownership, stagnant pricing, low float, reasonable price volatility. This ones just primed.
+
+**OOF, just cheeked $PLTR March 19th and it's massive too.**
+
+A lot of moon landings coming!
+
+https://preview.redd.it/bfmpnvks2mk61.png?width=895&format=png&auto=webp&s=68e770c819e38af3b605bb07d2268557a4d5756d
+
+On a last thought... What if GME is the catalyst for the next major crash by it's revealing of naked-shorts and fails to deliver? 2008 was all about Wall Street greed with mortgage backed securities... 2021 could be all about naked shorting and naked options writing... All meaning wall street has done it again by absorbing insane amounts of risk pursuing profits. This might all come to a head and create some systemic change that will benefit all. Damn, I'm feeling rather noble now about my own pursuits.  
+
+
+**EDIT: March 3 2:19... I made a mistake when taking the screen shot on GME March 19th. This wasn't a conspiracy....**  
+
+So if you follow Right-move,  the market is currently being flooded with desirable flats in nice locations - some of it will be flats coming empty but an awful lot of looks like AirBnB owners shitting the bed. 
+
+What do you think happens next? (or is it obvious).
+I created a House Representatives stock software.
+
+Recently, I [wrote a report about their trading](https://unusualwhales.com/i_am_the_senate), and how it impacts their voting in 2020.
+
+Examples:
+- For example, Pelosi in Dec 22 was against more stimulus. Her husband buys deep ITM TSLA and AAPL calls that day. December 23rd, she is suddenly for stimulus again, with those same companies rallying 5%, giving her an instant +30 return.
+
+- Congresman Gianforte, on March 18 he buys 1 million in $GSK (GlaxoSmithKline).
+March 19 purchases 15k in $SNY (makes hydroxychloroquine). Both receive FDA approval days later.
+
+Summary:
+- House Members [traded a lot](https://twitter.com/unusual_whales/status/1378870974825734146)
+
+- Most house members followed trends far earlier (ie: pharma/covid plays before retail, tech before/during shutdowns)
+
+- House members are outperforming market averages
+Most Congress trading happening in June (covid vaccines), February (before covid released on selling), and March (QE announced), and August (tech rallies + more vaccine news)
+
+- For the first time in congressional data, 2020-2021 saw numerous house members use options to leverage information and positions before the public. This is unprecedented.
+
+- The [whale catches the stock and options](https://unusualwhales.com/alerts) moves by senators/representatives, but this is only known after the fact due to reporting requirements and delay from the elected official.
+
+Full report [here](https://unusualwhales.com/i_am_the_senate).
+EDIT: This is not an ad for fucks sake. I’m just trying to be helpful to people in situations like mine. I specifically mention Carvana because that’s the site I used, but you can do the same thing via Vroom, Carmax, and a few others people have mentioned in the comments. Hell, you can even take the offer from one of the aforementioned websites to your local dealer and see if they’ll match it. I quite frankly don’t care HOW you get rid of your lease, the point was to let people know they COULD and it would be highly beneficial at this particular point in time because the used car market is piping hot. At least the mods that reviewed this had the sense to look at my post history and notice I don’t quite fit the profile of a corporate rep.
+
+On to the original post:
+
+A little back-story: Both my wife and I drive 2018 Jeep Compass’. Both leased. Hers is $321 a month with 11 payments left and mine is $272 with 10 payments left.  
+
+She hasn’t been working since last October as she gave birth in November and went straight from Maternity Leave into “COVID leave.” I just recently lost my job, so the obvious choice was to get rid of at least one vehicle, even if we had to pay down the potential negative equity.
+
+So, I started looking at my options, and it turns out the user car market is so hot right now, I was able to get out of my lease with about $1000 in POSITIVE equity by selling to Carvana. Now granted, my car has the mileage of a one year old car and is basically in mint condition, but the point here is that Carvana is seemingly willing to pay a premium for used vehicles due to the current demand, because a lease with positive equity is virtually unheard of.
+
+Part of what makes this possible is that Carvana uses the DEALER Lease Payoff quote as the amount that you owe, rather than the customer payoff. I was surprised by this, as they could easily pocket the difference (and I wouldn’t even mind, would end up with only about $200 of negative equity).
+
+I don’t have time to share all my numbers but I wanted to post this in case someone hadn’t considered selling their lease to Carvana.
+
+It may be a good idea to look into this even if you haven’t thought about or have the need to get out of your lease. You may be pleasantly surprised.
+Seriously, impending market collapse, impending supply chain food shortages, global warming, housing unaffordability, student loans fucking me, book burning christofascist flag waving goddamn Nazis taking over government at all levels, whats the actual point.
+
+Its not like Im going to live to see retirement, anyway.  Even if I make it there, its not like theres going to be anywhere fuck all to actually retire *to.*
+
+Its going to be another decade of stagflation, if not outright collapse.  Throwing good money after bad into a zero or negative growth market.  
+
+I’ve already closed all my other, laughably minor investing accounts, just to pay bills or the mortgage.  
+
+I don’t care about being broke, been there all my life.  But, *goddamn* it would be nice to *live* a little instead of 60 hour weeks and nothing to show for it.
+I need some suggestions for a reasonable splurge that will allow me to enjoy my income without derailing my plan to FatFIRE in the next 5-6 years.
+
+About me:  45 years old, working at a law firm in a MCOL city, net worth of $4M but finally starting to climb the comp ladder aggressively ($2M/year for at least 2021 and 2022, likely increasing a little for  2023/2024).  Wife and I grew up in solidly blue-collar household and thus have always lived in fear of not having enough money.  We live in a great house and don't have expensive tastes and have two kids in high school.
+
+I'm due to get a lump sum payment next week of nearly $1M net of taxes and don't plan on doing anything with it except pouring it into VTSAX and VTIAX.  I work a lot, but nowhere near as much as lawyers in NYC or DC and we have hobbies that are relatively inexpensive and our kids activities are totally incompatible with having a second home.
+
+In short, I don't feel like my life would be materially different if I were only making $350k or so (we actually live like that because such a high % of my comp is deferred).  Any ideas on how to take a chunk of this cash and do something that actually makes working my ass off feel worthwhile?
+
+PS - Please don't suggest travel -- we travel as much as we can given our limited availability and COVID has fucked 3 international vacations in the last 2 years.
+The day we left r/GME, this sub had about 250 members. Now look at it. You apes, all of you, are beautiful, diamond-handed smooth brain crayon-eating rocket-launching legends. I've never seen a sub grow so fast.
+
+Please take a look at the rules. We did our best to keep them simple, and while we are focused on a non-censored sub, we will remove if we must. We do have some mods who have graciously dedicated their time to help moderate the sub, so give them some props.
+
+And without further adieu, here is the daily discussion:
+Good morning/afternoon/night depending on where you are in the world!!
+
+I've suddenly found myself in a position to invest 100 a month, into relatively anything but mostly into something that would provide me with a good retirement or at least easier living in my later years, I'm currently 30 so I have some time lol
+
+I already have a WS asscoint.but havent really used it, I don't have some money in Altcoins but I know that will never pan out lol, I'd also like maybe some.tips dividends if possible?
+Any and all help is going to be appreciated!!
+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.
+Hello you weird big family, it's me, an individual retail investor.
+
+You probably know me from my ability to make informed decisions based on cleverly constructed due diligence.
+
+You're also like me, but different because we don't share the same brain. And as a consequence, we don't share the same reasoning behind our decisions.
+
+And that's OK. 
+
+We don't need to all agree about something to be a part of this sub. In fact, the only reason we are in this sub in the first place is to gather information based on hard evidence, to the best of each one's ability, so that we can make our own decisions. 
+
+There is no we.
+
+I am an individual and so are you. 
+
+And so is Gherkinit. 
+
+I do not agree with his reasoning about DRS and that's OK.
+
+We have enough material out there to allow people to search for and read about DRS without needing constant reassurance from single individuals. 
+
+
+Let's all be excellent to each other in these times of massive FUD. 
+
+Let's all live and let live, with constructive discussions instead of accusations. 
+
+Love you all, ya weirdos.
+Having just passed the huge millionaire net worth milestone I figured I'd share my journey to date, even though there's been several of these lately. Everyone's journey is unique.
+
+Simple Net Worth Graph [HERE.](https://imgur.com/EhkReY0)
+
+Stacked category Net Worth Graph [HERE.](https://imgur.com/OCDyLQd)
+
+(PERSI is the state public employees pension and 401k fund.)
+
+Spending per month since married in 2015 graph [HERE.](https://imgur.com/rrLH95T)
+
+​
+
+2007
+
+I graduate from college at 22 years old with a civil engineering degree with $23k in student loans, and get a dream job working for a local government in a small town with wilderness around in idaho. I'm so lucky to have landed a stable job prior to 2008 crash, and that really set me up on a successful trajectory (Lucky Life Event #1). I start investing a lot of money into my 401k right away, knowing that I want to retire a millionaire at an early age and understanding the power of compound interest. 
+
+2008
+
+I get married.  We mostly kept our finances separate because she was still in school 3 hours away, so there's no changes reflected in my graphs because of this. 
+
+2009
+
+Wife finished school and moves up to be with me, working odd jobs. Having saved up for a down payment on some empty property, and with the market prices at rock bottom, we take advantage of the first time home buyers tax credit ($8k the following year) to get 5 acres of forest for $35k and develop it into a livable parcel with a used single-wide manufactured home, the idea being that we can live in that while we work towards building a real house on the property. Total spent around $110,000 for property, manufactured home, utilities, driveway, permits, etc.
+
+2010 
+
+My wife leaves in December suddenly after an incident and moves in with a family friend in another state. Mental illness playing a big role in her leaving. The details don't matter in the realm of this discussion but I'm emotionally and mentally devastated.
+
+2011
+
+Worst year of my life, trying to support a mentally struggling wife who is not living with me, she attempts suicide, cheats repeatedly, ends up in mental hospital, etc. 
+
+I get cut back to part time employment because of changing political priorities and reduce my retirement savings down to minimums to continue making debt payments and never default.  I get a roommate to help make ends meet. My food budget was $1 per meal.  My dog gets hit by a car and killed. My other dog disappears into the woods and never returns. My old self-restored sports car, which is my biggest passion, is the victim of a hit and run and totalled.  I hit a deer on my motorcycle and crash and it's totalled. The hits just keep on coming.  Through all of this, I just keep telling myself that you can't keep a good dog down, and that I will overcome and come through this, and I do. The one good thing to come out of the year was that I passed my Professional Engineer exam and was now a PE instead of an EIT (engineer in training).  No raise given, on account of them cutting me to part time instead. D'oh!
+
+2012
+
+I find a new job, in the same city, doing roughly the same thing (civil engineering for local government), for the same money I was making before being cut to part time. I finalize a divorce and keep the house that I've been making all the payments on the entire time. I don't go back to full on retirement savings, because I have some catching up to do on other necessities.
+
+2013
+
+Meet a new girl and start dating. She doesnt want kids, which opens me up to the DINK possibility for the first time in my life, which I'd never really considered prior to this. I just expected that every girl wanted kids and had never really asked myself if I did. Turns out, no, I didn't really want kids and I recognized all the signs once I looked for them.
+
+I Realize that my pickup truck is worth what I still owe on my student loans, and decide to sell the truck and payoff my loans in a lump sum. Go back to saving a lot towards retirement.
+
+2014
+
+Get engaged.  Buy a house together a couple months before our wedding for $160k with a huge gift of $30k from her parents to use as a down payment.  Her parents had received $60k from their parents in 1980ish to buy their first home, and they wanted to pay it forward by giving $30k to each of their 2 kids buying their first homes. This very generous gift was another huge lucky perk (#2) that helped us get a jump start, and I recognize how rare and valuable that gift was. Without it, we'd just be staying in my current place.  Instead, I now sell my manufactured home and the 5 acres it sits on for $116k, getting about $40k of equity out of it. Get myself a new sports car, Subaru STI, largely financed...  :/ 
+
+2015
+
+Get married (small vertical jump on the net worth graph through combining the finances at this point). She also worked for a public entity and has pension and 401k through the same system as me, but has not been focused on accumulating wealth and so brings very little net worth into the marriage, but is very frugal and excited to start the FIRE journey with me.  She's making $25k/year gross and I'm at $55k still.  We go to Thailand for our honeymoon (the first big spending spike on our spending graph).    
+But life also throws challenges at you too, and I end up charged with 3 felonies when caught up in an altercation with some road raging rednecks. A judge ultimately dismisses the charges against me, but we spent $15k on lawyer fees and related expenses (2nd big spending spike on our graph). Thankfully, most of the $40k in equity I had from selling my last home was still available (Lucky perk #3).  Without having money available to fight the injustice, this could have drastically altered our lives, with me going to prison and losing my career.  So thankful that I hadn't actually done what accused of, and had the money to fight it. This event really opened my eyes to how awful the justice system is against the poor. They don't stand a chance at fighting or recovering from something like this.
+
+2016
+
+Thankfully, just a normal year. Phew!
+
+2017
+
+Get the first real raise of my career up to $67k after nearly a decade of static wages and put all of it towards retirement savings. Surprise wife with self drive safari trip to Africa as a birthday present (already saved cash for that, not because of the raise).  It was about this time that I learned about the FIRE movement, even though I'd been living many of the principles on my own.
+
+2018
+
+Vacation to Vietnam. Get another raise when I demonstrate to a new boss that I'm still woefully behind the market pay for civil engineers in government roles and put all of it towards retirement savings. 
+
+2019
+
+Wife decides she wants to pursue a career change into working with data and enrolls in an online degree program. We cash flow tuition this time by reducing spending and slightly reducing retirement savings.  She also switches employers (still public entity) and get a small bump in pay. Sports car is paid off finally. Now debt free except for mortgage.
+
+2020 
+
+Ugh, school sucks. Can't wait for this to be over and get my wife back. Just in the boring middle as far as finances go. 
+
+2021
+
+We decide to go gangbusters on the remaining $40k owed on our mortgage with the goal of paying off the house by Christmas to be totally debt free and secure in a paid off home.  As of today, we owe $9k on the mortgage still, on track to accomplish that goal.  The house value in this crazy hot real estate market in our area has risen from the $160k that we bought it for 7 years ago to $420k+ according to Redfin and $580k according to Zillow. (I'm using Redfin in these numbers). My wife finished school. Hooray! She also gets promoted with at her current employer for a $10k/year bump (not school related), and I get another raise as well when I demonstrate to my boss yet again that my wages are falling behind the market, bringing our household income to $123k, up from $89k in 2018.  Most of the raise money goes toward retirement savings, with some going towards our mortgage gangbuster payments. Wife searching for a new entry level job to get her started in a data related career and capitalize on that new 2nd bachelors degree.
+
+As of September 2021, we finally crossed the million dollar net worth line that we've been skyrocketing towards, with $538k invested in various tax advantaged retirement accounts, including the value of our pension fund, which is considerable. A few years ago I didn't expect to cross this line until around 44 years old based on my projections, but the crazy market growth has accelerated that timeline, as many of you have experienced yourselves. 
+
+​
+
+Near term plans: pay off the house and use the freed up income to catch up on some deferred home maintenance, start replacing some vehicles, taking vacations again. After a few years of that, dumping most of what was going towards the mortgage towards retirement savings. 
+
+​
+
+Long term plans: Retire around 50 years old. Our FIRE number is $1.6M. At the very worst case scenario, I'll hit my rule of 90 at 56 years old and be able to start drawing a full pension at that time.  I expect we'd be FAT FIRE if we worked until then, but there are never any market guarantees. 
+
+​
+
+I hope that helps to inspire someone in their own journey. There are ups and downs, luck and bad luck. Keep moving forward! It often feels so slow in the day to day growth but when you look back a few years at how far you've come, it's truly amazing!
+I work at a grocery store and was given a $200 gift card to the store. I used it once and spent $10. I had a really shitty morning and threw my pants in the wash forgetting about my wallet but remembering to take out literally everything else. the gift card is destroyed. it was on paper and now it's in a million tiny pieces. I want to cry. I make like $800 a month as a student and pay ~$650 in rent + utilities. This gift card was supposed to cover groceries for the next little while so I can focus on paying my $233 medical bill and buy Christmas presents.
+For those that have been trading full time and now live off of retail trading, do you have any concerns of the market changing so much that you are no longer able to consistently profit from new conditions? Is this a big caution for full time traders?
+
+I want to eventually become a full time trader and this is a big question that's been on my mind.  
+
+
+Edit: Thanks for all the great answers.
+So I’m always trying to follow the DYOR advice that everyone rightfully spouts here and I think I get why Solana is being treated as a potential Next Big Coin. I’m going to try and summarize the things I’ve learned so hopefully you won’t have to do as much thinking to understand it if you do your own research. Additionally, I hope this will explain why I’m bullish on SOL.
+
+#Part 1:  The Byzantine Generals Problem is one all blockchains must solve
+
+The Byzantine generals problem goes like this
+
+1. The army of Byzantium is huge and led by a proportionate few generals who each lead vast legions (the users of the blockchain and their validators)
+
+2. The generals all have to agree on a tactic for the army to be effective (the validators must validate a block before it gets added to the chain)
+
+3. Generals communicate through messengers (we assume the messengers themselves always follow orders, as here they represent digital signals)
+
+4. Some generals are traitors and send bad plans to the network (bad validators, possible 51% attackers)
+
+5. How do all the generals know when a general is trustworthy? (We need a consensus protocol)
+
+6. The tactic that most generals agree with is the one which will help Byzantium (the network democratically decides the movement of the blockchain) 
+
+This is where all blockchains agree: something must be done. There are different strategies to get this done but they all have to consider what happens when the network is huge, what happens when there are a lot of potential traitors, and how to keep the army efficient as possible in its actions without letting it get bogged down in security validation.
+
+I think Solana’s approach is novel and robust.
+
+#Part 2: Proof of History resolves the dilemma between pure Proof of Work and pure Proof of Stake 
+
+Bitcoin’s revolutionary consensus protocol, Proof of Work or Nakamoto Consensus, objectively secures the blockchain through hard mathematics applied to deterministic physics. Basically, people compete to do math in a way that can’t be shortcut until they get the chance to validate the new block. However, as people have pointed out, this is inevitably energy-draining. Energy use is **not** inherently immoral, as some FUDers would have you believe, but it is a real logistic concern in a world that is running out of time to stop dumping energy into carbon emitting things. Thus you see the investment into non-saleable renewables, like geothermal and hydroelectric energy, being diverted towards Bitcoin’s massive energy requirements. In an ideal system, we’d have fusion and all energy would be free, but we’re not there yet so we have to work with what we have.
+
+Ethereum is switching from Proof of Work to Proof of Stake consensus, which uses game theory to validate the network. The idea is that if your generals materially depend on the army, through investment of their resources in its stability, they will be the least likely to betray the system.  This is clever, as it banks on humans being selfish dicks overall (which we are, let’s be honest, it’s okay as long as it’s not hurting anyone) and doesn’t need great energy consumption, but it’s **normative** security, determined by people, not **objective** security, determined by math and physics.
+
+Solana combines staking with Proof of History. Proof of History is a consensus protocol where the output of the encryption function relates directly to how many times the function has been called, and the output can’t be retrieved without having called the function that many times with the exact same input beforehand. Additionally, unlike Cardano and other would-be ETH killers, ***Solana already has smart contracts and NFTs.***
+
+#Part 3: A dumbed down example of Proof of History
+
+It helps me to understand consensus protocols if I can see an example of what’s happening.
+
+Let’s say we have three transactions. They’re encrypted so we don’t know what’s in them, but let’s call them A, B, and C. I call them this because that lets you retain their transaction order, first A, then B, then C.
+
+Solana passes each of these transactions in order through its consensus protocol, PoH. PoH takes as input the transaction and internal clock that objectively measures the order of transactions, so it goes:
+
+PoH(A, timestep 0) —> hash: encrypted version of A at timestep 0   
+
+PoH(B, timestep 1) —> hash: encrypted version of B at timestep 1   
+PoH(C, timestep 2) —> hash: encrypted version of C at timestep 2  
+
+This provides an objective measure of not only **that** each transaction has happened, but ***when*** each transaction happened in order.  If transaction B were input at timestep 0, the ***entire blockchain would be affected.*** This is an **objectively secure** function that cleans up transaction order without relying on humans and game theory to work. Aliens couldn’t crack it no matter how powerful and godlike their tech and understanding was; it’s simply the laws of physics at work.
+
+#Conclusion: Solana outperforms the big boys in the ways that matter
+
+Let’s put aside the conceptual math and just look at numbers. We’re going to be looking at **transactions per second** (TPS) and average fees.
+
+[Visa manages 1.7k transactions per second for credit cards with a processing fee of 1.43-2.4%](https://www.valuepenguin.com/what-credit-card-processing-fees-costs) (Visa claims it can tolerate up to 56k tps, but this hasn’t been stress tested)
+
+[Bitcoin manages 5-7(0.005k-0.007k)  TPS](https://academy.binance.com/en/glossary/transactions-per-second-tps) with an [average fee of ~$3 USD.](https://ycharts.com/indicators/bitcoin_average_transaction_fee)
+
+[Ethereum currently manages ~30 TPS](https://fortune.com/2021/07/29/ethereum-going-green-ether-crypto-carbon-footprint/) with an [average fee of $2.50 USD ](https://ycharts.com/indicators/ethereum_average_transaction_fee) Vitalik himself claims that this will be boosted to up to 100k TPS with sharding and other strategies rolled into ETH2.0, but this is purely theoretical until it’s real. 
+
+[Solana manages ~59k TPS with a theoretical upper bound of 710k TPS](https://twitter.com/ByteSizeCapital/status/992651322695413760?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E992651322695413760%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fsolana.blog%2Fseriously-how-fast-can-solana-blockchain-get%2F) and [an average tx fee of $0.00025 USD.](https://solberginvest.com/blog/how-much-are-solana-fees/ ) Naturally, these fees are paid in SOL and they’re congestion-based like ETH, so even if SOL reaches BTC levels of market cap or price, its fees will still be a fraction of a dollar.
+
+All this, with smart contracts.
+
+#tl;dr: 5 reasons why me like SOL money
+
+
+1. Money fast (TPS greater than BTC and ETH by orders of magnitude)  
+2. Money secure (PoH is objective and staking further insures the network against bad actors)  
+3. Money easy (the energetic requirements of Solana are vastly lower than the major L1 chains)   
+4. Money cheap (tx fees sub dollar for the foreseeable future no matter how huge the network gets)  
+5. Money useful (Smart contracts are already live)
+
+SOL money good. Me like.
+
+EDIT: well, thanks to the top comment being an inaccurate criticism of Solana based on false premises and subreddit-wide misunderstanding of what centralization actually means, I’ve been flooded with messages calling me an ignorant shill. 
+
+[Here is my rebuttal.](https://www.reddit.com/r/CryptoCurrency/comments/pkqra3/i_tried_to_explain_solanas_market_appeal_16_days/hc79nak/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3)
+Yo!
+
+So I have an opportunity to get into an investment property. A person is known for quite some time has shown interest in these things as well. We ran into each other and chatted for a minute and realized we have these similar interests.
+
+We got lunch and conversed about possibly going in together to buy this property. Now I only have enough liquid to buy the place but that will tap me pretty much. He would then put down the money to rehab the property then we would sell and each of us would get our money we put into the property then split the profit.
+
+My questions are:
+
+Should I find a way to do this myself and hire him as a GC and pay him to do the work and get all the profit? (The value I see him bringing is more clients for me and added capital)
+
+What is the best way to contractually put a number on labor? 
+
+Is this something you have done or heard of working well?
+Let’s say that you have %100 equity in your home and you could sell it right now. Would you buy rental properties in landlord friendly states? I have about 400k to play with and I could buy 18 properties right now with %20 on each rental and make about 7500 a month. After 30 years 14,000 a month would you bite or maybe this is too good to be true?
+I noticed in Australia it is unusual for the owner to advertise and sell without an agent, which is in stark contrast to most European countries.
+
+My apartment is small, I will be making a loss with the sale, and I have absolutely no need for an agent and their very high fees, especially when it comes to small properties as a percentage of the sale price. I know all the advantages and the worth of the apartment and can answer any questions much better than any agent can.
+I also don't buy the myth that they are experienced negotiators who will get me a higher price. Often it's in their interest to sell quickly than negotiate $5k or so on my behalf. They literally just open and close doors and often do not answer calls or messages, as I noticed in many instances when I was looking to buy. 
+
+But then, I might be missing something big. Any thoughts or advice would be appreciated.
+It’s not clear conceptually to me why inflation impacts stock price the way it does. I get that less buying power per dollar means that dividends are worth less so income stocks I can understand but for growth/non-dividend stocks I don’t get why it matters. I would think that stock price would scale with inflation but that’s clearly not the case.
+
+Can someone explain this?
+Hi, I am almost done with Benjamin Graham's The Intelligent Investor and I am slightly confused about the relevance of book value.  It is obvious that book value is the core "value" of the stock or security in question but after looking through about a hundred different companies I have found that they sell from 5 to 20 times their book value.  This leads me to question not the idea of book value itself, but it's use as a criteria as an essential criteria.  I would definitely buy a company that I believe to be safe if it was under book value but I am starting to doubt that it is essential that the price be below some low multiplier of book value.  According to this article [here](https://levtheendofaccountingblog.wordpress.com/2019/04/06/04-06-19-new-is-the-market-to-book-ratio-still-relevant-yes-but/), book value makes more sense when we include R&D and SG&A expenses because they are investments into the company which have not yet brought a tangible asset.  This seems like the reverse idea to the philosophy of value investing, since you are investing in something that happens in the future.  Warren Buffet himself said that book value is dead but I am confused on how this is the case, since the argument is that you are investing for assets in the future (the opposite of value investing).  So this begs me to ask, is book value still relevant and why?
+    
+
+[https://www.youtube.com/embed/iJQwTxgI\_QA](https://www.youtube.com/embed/iJQwTxgI_QA)
+
+In a shareholder meeting, Steve Yates asked Warren Buffet and Charlie Munger, both renowned investors and executives at Berkshire Hathaway, about the difference between growth and value stocks. Buffet began by explaining that every business is a value proposition, and that the potential for growth and the likelihood of good economics being attached to that growth are part of the equation in evaluating a business.
+
+Buffet went on to define growth stocks as those that are expected to increase in value at a faster rate than the overall market, while value stocks are those that are considered undervalued by the market and therefore have the potential for higher returns. Buffet emphasized the importance of considering the time frame of the investment when determining whether a stock is a growth or value opportunity. He also noted that interest rates play a role in the attractiveness of growth stocks, as they can impact the cost of capital and the potential returns on an investment.
+
+In addition to discussing the differences between growth and value stocks, Buffet was also asked about opportunities in the recreational vehicle industry. He acknowledged that Berkshire Hathaway has not historically been a significant player in this sector, but he did not rule out the possibility of future investment opportunities.
+
+Buffet also cited a 600 B.C. investment equation by Esop, which states that a bird in the hand is worth two in the bush. This principle suggests that it is better to hold onto a sure thing rather than taking a risk on an uncertain outcome. However, Buffet made it clear that there are many other factors to consider when making investment decisions, and that it is important to thoroughly evaluate the potential risks and rewards of any opportunity.
+
+Overall, Buffet's response to Steve Yates' question highlights the complexity of investing and the importance of considering a variety of factors when evaluating a business or investment opportunity. It also underscores the value of taking a long-term perspective and being mindful of the impact of macroeconomic factors on investment decisions.
+Hi all, 
+
+I'm new to value investing. While I find it interesting, I am discouraged by the lack of success stories. With the exception of Berkshire Hathaway and a handful of other institutional investors, you rarely hear about an 'Average Joe' success story. By contrast, millions of people around the world have succeeded with index investing, a choice that requires no time or effort. 
+
+Right now, value investing is populated mostly by 20-something YouTubers who have little experience in investing or life, hyping up Buffet's name so they can make money from views. How can I be sure the field isn't a sham? 
+
+Are there any 'Average Joe' success stories out there?
+Look into chartering a captain and catamaran for an island beach trip this summer. There are many smaller websites that have offerings for this but I’m curious if anyone here has done anything like that and has recommendations?
+My title of my post is the statement I stuck too from the very moment this selloff started. I've stayed consistent with this belief the entire time, whether we go up or down. If you just wanted any more proof, take a look at the Twitter link, as an additional piece of evidence. It's the same case in the recent up moves (the futures are contributing to the majority of the recent up move). 
+
+https://mobile.twitter.com/bespokeinvest/status/1248368169091239937
+
+Retail, institutional investors, pension funds, etc. - they don't trade overnight futures. However you know who does? Stat arb algos as well as option trading firms/hedge funds/prop trading firms/bank risk-mitigation algos. For example if a hedge fund was put into a dicey risk situation, they turn on these algos to offload risk overnight. If they can't sell credit risk, they have to do it elsewhere like in ES futures. If an option market maker is short gamma and realizes oh crap, this is gonna cause me to be super long tomorrow with this move in ES, I've gotta hedge and turn on my overnight algo to sell first so I get less long deltas overnight. 
+
+So when you guys want to ask "who in the world is even selling" as we sold off and now "who in the world is even buying" as we go up, it's the algos. You are right, not many actual people are buying these days. It's the algos, and when I say algos, I mean the risk/liquidity algos.
+
+Do you want to know why the algos are buying now? It's simple. Jerome Powell said he's buying credit ETFs. If you are a market maker, you have to sell these ETFs to them. Now you have to find a beta hedge. What's the best way to find that beta hedge? Buy ES futures. This then causes SPY to open higher. Now, if your algo was fast enough, you could have front ran the FED by buying HYG and JNK (this is why their NAV is trading at a massive premium), but if you weren't, well you get desperate as you get picked off from being short credit, so now you have to buy ES, SPY, and anything else you can. You might have to then buy SPX/SPY puts with it since you then have to protect your now new ES/SPY longs (which you didn't actually want to buy but were "forced" to buy),, which is why VIX hasn't dropped that much relative to how much SPY has gone up. It's all an algorithmically driven market. 
+
+This is why the entire market, on BOTH the down move and the now up move, has decoupled from the economy. So no, you guys may think people are FOMOing in. That's not true. Most investors aren't FOMOing in right now. The algos have just gone out of control on both the down and up moves and it's all technical. 
+
+Correlation (with other assets like credit and bonds), positioning (short squeeze and forced liquidations), option gamma (short gamma makes moves bigger), and short term stat arb strategies dominate the market short term. Retail and even big firms like Blackrock or Berkshire do not. Fundamentals win out long term. It may be months for SPY, and it is years for individual companies. No short term movement is ever controlled for by actual people wanting to put on a position. 
+
+As I said a month ago when we were selling off, if Citadel and Renaissance Technologies wanted to hold up the entire market for a day, they easily could. They may not want to if it's not in their favor, but they easily could. Two firms. That's enough. That about sums up this market. (EDIT: this part may have been extremely confusing due to my bad wording, but if you read some of the posts below with like me, MasterCookSwag, and ArseneWankerer, I try to clear up my meaning)
+
+Another interesting and true fact? If options trading was ELIMINATED, the market would NEVER have sold off to 220 and it would have never skyrocketed back to almost 280 now. You may ask it's the same fundamentals right? Yes it is, the fundamentals of the economy and virus are the same, but elimiate options, and actually the entire market changes.
+
+Finally, to add one more thing, if this wasn't clear, there needs to be a catalyst for the first wave of selling and buying, but everything after that is purely technical. For example, the catalysts would have been the virus and the oil shock in the wave of selling. The catalyst would have been the Fed in the wave of buying. However, the catalyst in itself shouldn't have produced a very large move. For example, imagine we go from 290 -> 270 as an example. The catalyst, if only traded by itself, should have moved it from 290 -> 285. However, the algos, with all the technical details I described above, then moves it from 285 -> 270. This is what I call "forced selling" or "fake selling," and I've alluded to this in my other posts. There is also "fake buying" in the reverse. However, "fake selling" is usually more powerful because on average people leverage up to be more bullish than bearish in an average market environment. So yes, the initial catalyst is important, but it's not the reason for the majority of short term moves. 
+
+I worked in the industry so I know this. You can call it a dirty secret, but hopefully if you see some actual statistics (see the above link on Twitter), you'll understand too. Fundamentals eventually will win longer term, but you know that saying about how the market can stay irrational before you stay solvent, well that's literally true because the market is algo driven. And as we progress into a state of better technology and even more options volume (think about how many people just recently started trading options) and other assets, this will be more and more true. One of these days, which could be like in 20+ years,  if some black swan catalyst happens in conjunction with all of these technical factors I mentioned, you literally can see a 20% triple circuit breaker day immediately and like 90%+ of that drop would be all technical.
+
+I'll try to answer any questions to the best of my ability.
+
+EDIT: So for the people who are pointing out I don't understand what a MM is, let's do a easier example with NFL betting lines. Vegas acts like a MM in this regard.  When an NFL line closes, is it 50/50 on both sides of the line?  Nope.  Vegas is still subject to risk.  That's why sometimes they win or lose a lot of money depending on the outcome of an event, even though they are a "MM" too.  Yes, Vegas will adjust a line based on some order flow, but it has their OWN MODELS TOO to determine what is fair, so they will adjust accordingly to the toxicity of the order flow. They will not just completely change their line so much so simply based pure order flow to keep on capturing 50/50.  If you really think an options MM for example goes home every night flat every Greek, you are kidding yourself.  
+
+The point I was making above is a firm such as Citadel does so much volume that they have a huge impact on the market, whereas if you take them out of the market for say a month, the entire market microstructure changes in options and equities.  Notice in my original post, I clearly said that these firms may not actually want to do this in their favor, but I am using them as an example saying they do so much volume they can IF they wanted to (in options you are more likely to do so than equities). I was emphasizing this point to show you guys how algos play such a large role in the market. It's similar to Vegas when they act as a MM to betting lines.  They control the betting line at the end of the day.  They aren't always 50/50 on both sides with no risk.  Of course, Citadel and SIG in options will adjust their vol curves based on some order flow, but at the end of the day, they control most of the options vol pricing, which indirectly also affects equities in a big way when we have massive short gamma moves.
+
+Similarily, apply it to sports betting.  Let's say we shut down Vegas for a month and let only DraftKings price all the betting lines.  I bet you the lines would be different and the volume would be different.  Would they be completely different (like a -3 to a +3 line)?  No, it wouldn't be that extreme, but it would be different and volume would be different and reaction to order flow would be different. Just think about it like this and apply it to trading.
+
+EDIT2: this was also my post like ~3 weeks ago when we were like ~230.  Too bad r/investing deleted my context of my post (since it relates to a lot of what I said below), but you can still see my title and my comments, so you know what I was calling.  Yea sure, you can say I got lucky, but I wasn't wrong.
+
+https://www.reddit.com/r/investing/comments/fjtkzh/we_are_very_close_to_the_bottom/
+
+Addressing the above link, it's the type of logic that I am using in my below posts to probabilistically call bottoms like this.  I'm never 100% sure (it's impossible to even be like 70%+ sure imo), but if you put some of this together (like when does the forced selling for the risk/liquidty algos stop?), you can actually call bottoms a bit easier than just winging it 50/50.  Notice that this also coincided with March options expirations, as I mention, options are a big part.  It also conincided with Jay Powell saying he's going to "alleviate the risks" (this is the forced selling from algos risk) he sees in the repo and now credit market.
+
+EDIT3: u/brokegambler posted this, if you want a real professional talking about it
+https://www.realvision.com/market-makers-and-coronavirus-the-mechanics-of-a-market-sell-off?utm_source=contributor&utm_medium=referral&utm_campaign=43900_HK_GH_CONT_W1_LINK
+
+EDIT4: ok last edit but https://www.investopedia.com/terms/p/pinningthestrike.asp is just a quick example of one phenomenon that happens due to options and market makers.  There's not going to be many articles you can find online on about what I'm talking about, but this pinning the strike phenomenon is a well-observed effect that's actually writen about of what market makers can do in terms of controlling price action due to their risk.  Interestingly, what we have in our case the last month is the opposite of this in which rather than strikes getting pinned, strikes get blown through to cause the huge moves (since we've been in short gamma the last month).  The article isn't super detailed, but can give you a general idea of one effect.
+
+EDIT5: sorry I'll add one last edit...I do realize maybe my wording was not the greatest in my post, and after reading it again, it does sound a bit "forceful" at times, so I apologize for that.  This was meant to be more informative, but please don't take it as I am trying to force any one opinion on anyone.  Apologize for that!
+I've been lurking for a while and thought it was time someone posted this PSA... heck, I might swallow the downvotes and do it every six months.  I see a lot of people in their 30s and younger making projections on their investments from the last nine years and... Be ye warned. 
+
+The US Market follows a pretty standard cycle of growth and correction. It would be very unprecedented to not see a major crash for another 10 years. (We could be due for one any day now, but I'll leave the prognostication to r/wallstreetbets.) If you're planning FI/RE based on your growth over only the last nine or so years, your resolve to "hold during a crash" will almost certainly be tested in the next ten. 
+
+Also note: If you're following sound principles of investing, change nothing but your projections. Keep calm and carry on. This is also true **when your net worth cuts in half; HOLD!**
+
+Sponsored by your local spooky old man on the dirt road to FI/RE.
+
+So I posted a while back about being way underpaid for what I should have been getting at my job. 
+The advice was to basically find a replacement job and see if they were willing to offer me more to get me to stay.
+So today I had the talk with my boss, and she went to her boss to see what they could do for me. 
+They can't give me a raise anymore this year due to budget reasons, but as of February I'll have my promotion and I'll be making an extra $10k per year  (base pay, not counting overtime which I get a ton of)
+Thanks Reddit!  
+  
+Edit: I should mention that my boss has been fighting to get me promoted for months now, but unfortunately has no control over the budget and has to get promotions approved ahead of time.  
+Also, I started here as a temp, and was hired permanently, which is something that is rare where I work. We get probably 90-100 Temps per year and only 2-3 get hired.  
+They've been teaching me the stuff that I'll be doing in my new role for about 3 months now. I think they were just avoiding giving me more for as long as they could, and this whole thing just made it happen sooner.  
+  
+Edit 2: Got into work today, and I have it in writing :) they move quick when they want to. It's a very similar letter to my offer of employment when I was hired permanently and no longer had to be a temp.
+I get it that everyone is touchy around dips, especially when they're *weekly* dips.
+
+Still, its almost verboten to even ask why in the sub. Does everyone just want to keep their blinders on? I get that the HODL meme is strong here, but inquiring minds want to know the reasons behind things.
+
+Today's dip is coming off seemingly no news. If it is, the sub is devoid of posts indicating what it might be. This happens literally every dip. Anytime anyone asks the responses are sharp bites to stop asking, shut up and hold, or gtfo if you can't take it.
+
+I can certainly take it, but that doesn't mean I don't want to know why things happen. Seems to me the smart move is to understand why things happen so you can predict them next time, not blindly say that nothing is wrong with your head in the sand. Sure, it'll probably go back up (probably) but in the meantime, why is it so faux-pau to ask?
+
+**Edit**
+
+Gee Whiz, some of you guys really are working to reinforce my points. To be fair though, many great ones explaining the action. Thank you.
+
+Not all of us are here 24/7, and I know you're probably tired of explaining. Still, very odd to see big actions and nobody really talking about why.
+Based on threads I've participated in there seems to be a good mixture of people here who invest across a variety of asset classes. To that end, I'd like to start a discussion on (a) what you invest in and (b) why you have chosen to invest in that asset class, and (c) where perhaps you're looking to end up over time. Could be a good place to launch into deeper discussions.
+
+As a start:
+
+* Started investing with an owner-occupied triplex purchased with an FHA loan close to 15 years ago.
+* Since then have bought (mostly) and sold (a few) properties, all duplex and larger, with a focus in the past 5 years on 10+ unit apartment buildings
+* We only invest in MFH primarily for efficiency reasons, both in use of capital and operating efficiency
+   * It's easier to deploy capital in larger properties/projects than it is in multiple SFH deals. If I'm looking to put $100k to work (as an example let's assume 80% LTV across the board) I can spend my time finding a deal and sourcing financing for a single $500k MFH property or 5 x $100k SFH properties.
+   * Operationally, more density is easier for us (well, our property managers) to manage. Smaller envelope (1 roof), larger/more expensive but fewer mechanical systems (eg; 1 larger boiler vs. lots of smaller units spread across town), etc.
+* We have a focus on identifying light value-add/mismanaged Class C buildings for the most part. We get in, put in place a focused capital plan to do quality unit rehabs on turns, spend a bit above average on keeping maintenance up to date (eg; replacing something outright when a cheap fix may buy another year), and providing quality property management. This all pays for itself over the longer with higher quality tenants, waiting lists for our properties, lower than average unit turnover and reduced turnover time, etc.
+* The focus recently on larger buildings is driven by the fact that values are, for the most part, objectively driven by cap rate. Even in 2-4 unit properties valuations are still determined by comps and traditional appraisals. In larger MFH (really all commercial) cap rates drive the discussion.
+   * As an example, I know that in a market where MFH consistently trades at 7 cap, if I'm able to either increase rent by $50/mo for a unit, or reduce operating expenses by $50/mo, I've added around $8500 in value to the building.
+   * On a larger scale, I'm working on a 26-unit building acquisition at the moment. I know going into it that each of the units, while occupied and in service, needs a decent surface level rehab to maximize rents. That'll cost around $7500/unit and take \~5 years at current tenant turnover rates, so that's $195k in capital improvements over time. Current rent roll is about $19k/mo, with an estimated (current) market rate rent roll of $22k/mo. Not factoring in rent growth over time, and assuming all else is equal, this is a place where a capital expense of $195k should net us a $425k increase in property value - $3k/mo in extra rent in a 8.5% cap market. Of course, in reality renovations likely will drive down operating expenses as well with less "stuff" breaking over time, resulting in even higher NOI's (and higher valuations).
+      * *EDIT: for those that want to nitpick my figures here, I'm happy to share (or perhaps go into it in another post) a full pro-forma we've put together.*
+Hello Everyone! Split dividend was announced!!
+
+Ape help ape.
+
+Howdy all! I've been immensely happy for the good reception this has been getting, and for all the people helping in their needs. I'm just so happy for that. Now just like I always ask, is everyone holding up okay? Still very much turbulence in the world right now, as well as personally for some. Alot of people have been having things rough. It's okay to take a breather! In, out! Ahhhhh!
+
+IT'S OFFICIAL! The Split dividend, or splividend, has officially been announced, with a date of July 18th! That's only one and a half weeks away! All of this excellent news has caused a second wave of DRSing! Very exciting, at least for me. I'm sure many feel the same way. To make things even spicier, the GameStop marketplace is approaching it's imminent release for this month! On top of that, the management levels and some other areas of the company have undergone a very bullish restructuring, showing both that they only want the very best and signaling a shift in gears in the revitalization of the company. So much to look forward to! All of this is very bad news for Hedgies, but very good for the GME holder. You know the motto, buy hodl DRS!
+
+Now on to the fun stuff. Anyone need food or essentials? Please reach out to the community and speak up! No shame. Many here can help make sure that you and your loved ones are good. There is no reason anyone should be without. Ive seen so many comments of people in tough times, it just absolutely pains me to see this. I don't know how to even do this. I'm sure we can find a way in keeping this responsible and anonymous. Anonymous is the word, no one is asking for anyone to be doxed here.
+
+No one should be without. We're all family here. Even if this helps a few people then it's worth it.
+
+If you need help, if you're struggling, please ask. We are all a community, and there's no shame in seeking support if you need it. Also you don't need to be in the same area, hopefully you can find someone/people to help! If you just need to vent that's fine too.
+
+Just wanna go over a few ground rules for this post. Feeling frustrated and tired here IS okay, but spreading FUD is not. A little leway will be given but outright **saying you sold** (true or not) is not the best to post and **WILL be considered FUD.**  No fud please. Also helping out is absolutely okay, and welcomed, but I think the line has to be drawn at posting things like official charity links and gofundmes, at least here in the comments. Also remember that while this is an online community, we are all individual investors. But also remember that needing help is okay and you're not alone.
+
+As for the critics, not everyone who's struggling is over leveraged. Alot can change in a year or even just a few months, and you just never know what people are truly going through. Also many people who have no idea what's happening with GME currently are feeling the effects of the state of the economy right now. A little compassion never hurts 😄.
+
+Cheers everyone 🍻, and hope everyone had a good month of June, and will have a great 4th of July, or just an awesome weekend 😊.
+
+Use your gut and ape help ape! WAGMI. And remember, Power to the Players 🥢! DRS! 🦍❤️
+ Stay cool! Love everyone.
+Good morning,
+
+Market looking fairly flat today with fewer movers than we have been seeing. Here is my main watchlist for today:
+
+1. **$AACG (ATA Creativity) -** Leading gapper here, but the chart is a little choppy. It'd need to get back over $4 for me to be interested here. There is no catalyst that I can see.
+2. **$ATOS (Atossa Therapeutics)** \- These guys are spiking after announcing a reversal on the decision to acquire a rival firm. Quite a choppy chart right now, but showing some support at the VWAP. 
+3. **$ANVS (Annovis Bio)** \- The catalyst here is the granting of a patent for a method of treating acute nerve and brain injuries'. Not a great deal of excitement yet here, but they are at an all-time high right now with no resistance, so this is one to watch.
+4. **$AVXL (Anavex Life Sciences)** \- I've been watching this for a while as it's the second-highest gapper today. I'm not overly sure if this will be strong today, but there is a clear ascending support line which it has bounced off of 5 times so far. That being said, there is also plenty of shorting availability and to me, it looks as though the VWAP is starting to act as resistance. 
+
+Nothing incredibly exciting yet. I'll focus on my momentum scanners for opportunities during regular hours.
+
+Other stocks I will be watching: AGEN, GOOS, THTX, LIZI
+
+As a reminder, trading is risky, make sure you put stops in place and follow your initial plan regardless.
+
+\-Rep
+My brother is repeatedly taking out quick cash type loans using his own mother's social security number. My other siblings and I wanted to contact police after it happened last month, but Mom begged us not to. She only found out about the loan when she started getting harassing phone calls about it. He scrounged together the money to pay if off (in person, with Mom present) with the understanding that this can never happen again.
+
+Mom calls me today to say he has done it again. She discovered a new loan for $1,800 or so on her credit report.
+
+I know she needs to report the identity theft online, but can anyone offer some insight as to what will happen if she reports this to the police? Since we know who is doing it, does it change the process?
+
+Is there anything she can do to stop him from using her social? I have read the PF Wiki about freezing your credit, but unfortunately she is trying to move to a senior apartment complex and is worried they won't be able to pull her credit to approve her application.
+
+Edit: will be adding more details in the next couple of hours! (By 9pm central) Last I saw this only had 6 comments...thank you all!
+
+Edit 2: Before I add some more details for the curious, I wanted to confirm that Mom did contact the police department and they came to her apartment to take a statement. We will be helping her through the process of freezing her credit. Thank you all so much for your advice!
+
+My mom is 76. She has been divorced for decades and lives solely on her social security payments. She has no debt, other than the loan issues from my brother.
+
+The son in question, her oldest, is 54 and has a long record of being an awful person. He was employed at a Check N Go type place in 2010 and was arrested and charged with forgery and two counts of fraud for (I believe) taking out loans in customers' names who did not request it. All of those charges were listed as felonies, it seems, and I have no idea how he is not currently in prison, nor ever went for more than a few days. I just pulled his criminal record and it does appear he was found guilty of all charges. Excuse my ignorance on how all of that works.
+
+I do not believe there are any drug addiction issues, but with him being so estranged from the family it is hard to say. I know he seems to spend money extremely frivolously - constant new cars, a new Harley last year. He also posted a gofundme to FB a few months ago to help pay for 'legal troubles' that seem to be related to an ex-roommate and her young daughter. It is possible he is having more than his usual money problems in relation to that mess.
+
+I believe another issue with my Mom hesitating to press charges initially, is that my brother is in fairly poor health. I'm sure she fears he would not survive long in prison. Again - she did contact police this evening and they took a statement and got his information. We'll see where things go from here.
+A very morbid but not unrealistic situation, albeit a bit worst case scenario in terms of infection.
+If 70% of 65 and over catch coronavirus and 10% of them die, how would that effect the economy?
+
+There are around 4,000,000 Aussies ages 65+.
+2,800,000 catch the virus meaning 280,000 dead.
+My beloved wife and I are looking to purchase our first home together, and theres 2 homes we're deciding with... and would LOVE to get some advice and opinions! We currently have 140k in savings and we recently got new jobs, earning about 95k per year individually. Our combined total monthly paycheck looks around 9-10k.
+
+There are 2 homes we're currently looking at, and our opinions don't quite align.
+
+1. 400k, 4b/2b fixer upper with \~80k (20%) down on a fixer upper, and rent out every other room. Mortgage would be about 3000 per month, and if 3 rooms gets rented out, we would be net positive about $200 per month.
+2. 1.1m, 3b,2b "the dream home", with \~115k down (10%) and rent out every other room. Mortgage would be about 8400 per month, and 2 rooms get rented out, we would be paying about 5-6k per month...
+
+​
+
+I'm leaning towards option 1. Because it is a lot safer and we can exit "anytime" without having to worry about much. If one of us were to lose our jobs, monthly payments wouldnt be too big of a stressor.
+
+My wife is leaning towards option 2. Because the neighborhood is better, and more convenient to get around. She also feels that option 1 might have a harder time finding tenants, whereas option 2 is flooded with folks who need a place to rent. Our family (god forbids) can also help out a bit with mortgage payments if needed, but none of us wants to go that route.
+
+​
+
+We are currently renting an apartment for almost 3000 per month, so option 1 feels super safe. But option 2 is "just another \~2-3k away". What would you do and why?
+
+​
+
+**Edit**: The general consensus is that both options are terrible, and we should reconsider our options. We read through your comments together, and definitely agree. We'd love to include some more details for more advice and feedback!
+
+\- Option 1 has 2 floors, so its 2b/1b per floor, so we would have privacy if we were to only rent out 1 floor instead of 3 rooms.
+
+\- Option 2 is a fixer upper, and homes in that area go for 1.5m.
+
+\- We took another look at our paystubs, and net combined is \~11k per month, rather than 9-10 if that helps anything.
+
+\- We were indeed approved for a 800k loan with a major bank (so if we snoop around more, we can potentially find a smaller one for lower rates). We would be borrowing the rest from our family,..
+
+​
+
+Edit2: Back to the drawing board! We'll redirect our updates to r/FirstTimeHomeBuyer :)
+
+Edit3: We noticed comments saying that they thought we make 95k together annually, just wanting to clarify that household income is ***190k prior tax***. Do we sound a bit less crazy now?
+Maybe this belongs in r/tifu. Ugh. When our first of three children was born 12 years ago, my wife set up a 529 plan with a healthy chunk of money in it. Over the years we dropped more and more healthy amounts in, as we were able. As additional kids came along, we set up new accounts and added money as aggressively as we were able, thinking we’re doing all the right things to prepare for our kids’ educations and futures. Sounds responsible, right? 
+
+Here’s the big mistake. I didn’t look at the accounts at all, and just assumed they were growing in a healthy, compounding way. 12 years later we should be in a really good spot! Looked this week while preparing for convos with a new FA. I was shocked. The accounts had barely grown beyond our contributions. Looked a little closer. She had selected the very, very least aggressive growth option, basically the money was sitting as cash collecting no interest. At all. For 12 years. FML. I’ve seriously felt like throwing up all weekend thinking about this. 
+
+I’m not great at calculating these things, but I think it’s somewhere between $150k-$220k (considering compounding interest) we’ve left on the table by collecting almost no interest over these years. I’m completely devastated. Not too upset with my wife, btw, mostly with me for not being involved, not checking progress, and blindly trusting. Would love to hear that I’m actually an idiot because I’ve miscalculated the growth we’ve missed out on. Maybe just a sympathetic word of encouragement or pat on the back?
+
+TL;DR - Dumped money into 529 for 12 years that was not accruing interest and missed out on a whole lotta growth.
+I've read a ton here recently about how much everyone loves QYLD. Here's what I see:
+
+Performance - 3 month - 2.60%
+
+Performance - 3 yrs - 9.87%
+
+EDIT: I left out the yield which is a crazy 11.5% - I've only see this height in REITS.
+
+ER .60% -- seems high for a dividend etf, but maybe not? EDIT: this high now doesn't seem so high if this etf is getting a lot of management.
+
+Here's what factset on [etf.com](https://etf.com) says: QYLD seeks yield from the Nasdaq-100 via options premium. Historically, investors came to the Nasdaq for growth, not yield. While that dynamic may be shifting as tech giants mature and begin paying dividends, the fact remains that pure-play S&P 500 funds offer more yield than the 'plain vanilla' Nasdaq-100 fund QQQ. Enter QYLD, which matches QQQ's Nasdaq-100 exposure, but earns income by selling call options and passes it on to investors net of fees. Covered call ETFs are hardly new, but QYLD was the first to apply it to the Nasdaq-100. Expect a generally less volatile return pattern from QYLD relative to QQQ. Use great care trading and monitor the asset levels. Also note that the fund's prospectus allows a bit of leverage. The fund rebranded and changed its name from Recon Capital NASDAQ 100 Covered Call ETF to Horizons Nasdaq-100 Covered Call ETF on Feb 28, 2017.
+
+I'm particularly interested in this line: "Use great care trading and monitor the asset levels". Does this mean this ETF is NOT a set it and forget it type? What does "monitor the asset levels" mean?
+
+Anyone help here?
+I've read a ton here recently about how much everyone loves QYLD. Here's what I see:
+
+Performance - 3 month - 2.60%
+
+Performance - 3 yrs - 9.87%
+
+EDIT: I left out the yield which is a crazy 11.5% - I've only see this height in REITS.
+
+ER .60% -- seems high for a dividend etf, but maybe not? EDIT: this high now doesn't seem so high if this etf is getting a lot of management.
+
+Here's what factset on [etf.com](https://etf.com) says: QYLD seeks yield from the Nasdaq-100 via options premium. Historically, investors came to the Nasdaq for growth, not yield. While that dynamic may be shifting as tech giants mature and begin paying dividends, the fact remains that pure-play S&P 500 funds offer more yield than the 'plain vanilla' Nasdaq-100 fund QQQ. Enter QYLD, which matches QQQ's Nasdaq-100 exposure, but earns income by selling call options and passes it on to investors net of fees. Covered call ETFs are hardly new, but QYLD was the first to apply it to the Nasdaq-100. Expect a generally less volatile return pattern from QYLD relative to QQQ. Use great care trading and monitor the asset levels. Also note that the fund's prospectus allows a bit of leverage. The fund rebranded and changed its name from Recon Capital NASDAQ 100 Covered Call ETF to Horizons Nasdaq-100 Covered Call ETF on Feb 28, 2017.
+
+I'm particularly interested in this line: "Use great care trading and monitor the asset levels". Does this mean this ETF is NOT a set it and forget it type? What does "monitor the asset levels" mean?
+
+Anyone help here?
+I just need some advice. I’m 21 years old and lost a total of $50,000 of life savings in stocks/Roth. What can I do moving forward to build my way back into wealth? I was day trading and I had $17,000 in my Roth I now have 2,000 in my Roth. I bought leaps in ARKK , ARKF, APPL and AMD and I’ve lost over 80% on all calls. They all have expiration of 2022. I lost the other 30k in day trading. I had wins here and there but with that recent stock crash in March I have lost everything and it still continues to fall. Please help me guys.
+Apart from liquidations many shorters were also forced to cover their positions after BTC closed above options strike price 35k.
+
+All this happened over a weekend. Bullish weekend usually leads to even more bullish week. Right now anyone shorting has a serious set of nuts! Based on my analysis, if price closes above 38k today then we're gonna pump to 43k very soon.
+
+[Liquidation Data](https://www.bybt.com/LiquidationData)
+I browse through here a couple times a week and it’s been a shit show for some time now. In the past I’ve been happy to make threads on content that I find interesting, but I’ve never asked you guys what you want to know or talk about. 
+
+I’m happy to either offer insight or foster discussion on meaningful topics. I’m one of the incredibly few people here with hedge fund, investment fund, institutional expertise. A bit about me: I am an investment manager for 3 different hedge funds / asset management vehicles. I trade quite a lot. I manage traders. I hire traders and analysts. I receive macro and technical research from every corner of the earth. I know what quality looks like in that regard. 
+
+ I can also bring in people from my network for Q&As... everyone from pod traders to prop traders... former bank traders... to folks from the Market Wizards books. I’m happy to contribute quality content... I just don’t know what that would look like so let me know. 
+
+I know what it DOESN’T look like however. So below are the list of things I am not going to touch or even engage upon (note this is not a comprehensive list):
+
+- What books are good for trading
+- What is a good broker
+- What is your strategy / what is a good strategy
+- Are signals a good idea
+- Is paying for education a good idea
+- How much x% is a good return
+- How long before I can become a profitable trader
+With the grain deal between Russia and Ukraine, gas/oil prices going down, and the first ship transporting grain to leave Ukraine since the war started, is there hope that supply chain problems and shortages can eventually be resolved and food prices at grocery stores will finally go down somewhat? Will it vary depending on item? How big of a change could it be? How will restaurants be effected?
+TL;DR: The Bank of England base rate has been increased from 1.75% to 2.25%.
+
+This means that the interest rate on savings accounts should go up, and the interest rate on loans and variable mortgages (and new fixed rate mortgages) will also go up.
+
+[Link to Bank of England Announcement](https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2022/september-2022)
+
+[Link to BBC News Article](https://www.bbc.co.uk/news/business-62991376)
+
+If this base rate hike is going to cause you financial difficulty, you might find some helpful information on [this Mod post](https://www.reddit.com/r/UKPersonalFinance/comments/tk8e8g/april_2022_cost_of_living_crisis) relating to the cost of living crisis.
+I'm a relatively new agent that works primarily with investor clients. I've helped close around 6 investment deals this past year, but I keep running into issues of investors not understanding basic principles of RE investing. For example, I'll have investors approach me with a property and mention their financial forecasts on the property. I'll take a quick look at it and see that it's entirely wrong. These are usually first time investors who are just basing their projections off their own napkin math I assume.
+
+How can I help these investors find better deals / get them to do better DD. I have no problem helping them, but when I deal with dozens of inquires a day, it becomes burdensome and impossible to help everyone. I've been referring a lot of them to estateza to run the financial forecasts and then my brokerage's calculators online.
+
+Ultimately, any advice on helping investor clients and what you find the most useful would be great.
+What stock would you pick? If you would like to add a comment on why one should be picked over the other I’d like to read
+
+[View Poll](https://www.reddit.com/poll/q56j4a)
+I have to work on a Development Economics project where I have to find data and do my own analysis. I'd like to work on education outcomes in developing countries but finding data online is actually quite complicated. Does anyone know where I could find such a thing ?
+
+I've had a look at the World Bank but they only have surface level data to make simple graphs of indicators. I've also tried Harvard database but it is so vast that I get lost in it. I've tried to find data related to education reforms in multiple countries but have no found anything substantial.
+
+Thanks !
+Economics is, on some level, based around the idea of limited resources/inputs. 
+
+
+This is interesting to me when I consider how private capital operates; growth for the sake of growth. Publicly traded companies are judged on how much they grow each year as their metric for further investment. 
+
+
+But at some point, resource constraints will reach a level where further growth is unsustainable (at least for a large % of people). 
+
+
+Sure, we can become more efficient at using resources but every cycle of increasing our targets for growth means there is an ever higher bar. 
+
+
+I'm very far from an expert but trying to wrap my head around this is a little confusing. The best way I can make sense of it is that we are gambling that resource availability is somehow consistent over time.
+So I'm 19 year old uni student with a bit of money saved up in my compound interest acc (25k) but I wanna learn to invest in stocks and etc. What's the best way/resources?
+I have a SFH that is managed by a PM in LA. We had a family move in 6 months ago and every month they’re requesting so much in repairs, it’s endless. I previously lived there and the house was in perfect condition, before they moved in I even put in a new HVAC system. Examples of repairs:
+
+- Window is”janky”
+- Fridge water filter needs to be replaced
+- The cement ground where the garage door shuts on is uneven (earthquakes shifted it a hair)
+- They wanted exterminators to come 3x a week to check rat traps. There were never rats in the house for all the years I lived there.
+- Light bulbs need to be replaced.
+
+I even pay for landscapers every month. There are so many more requests it’s ridiculous. I’ve been firm with PM to start pushing back but every week it’s something new. Have any of you dealt with something like this? They are bleeding me dry!
+
+The list go
+(Bloomberg) -- Air Canada said it expects the impact of the pandemic to last at least three years and predicted large job cuts as it hunkers down to survive “the darkest period ever” for the industry.
+
+The country’s biggest airline, which on Monday reported a first-quarter loss, said it expects capacity in the third quarter to be 75% below last year’s level, from a 85-90% drop in the current quarter. It is accelerating plans to retire 79 planes and continues to look for ways to reduce costs and boost liquidity, it said.
+
+“We expect that both the overall industry and our airline will be considerably smaller for some time, which will unfortunately result in significant reductions in both fleet and employee levels,” Chief Executive Calin Rovinescu said in a statement. He described the situation as “the darkest period ever in the history of commercial aviation.”
+
+Air Canada’s “determination is to ensure that our company is positioned to emerge in the post-Covid-19 world as strong as possible and capitalize on the opportunities that will inevitably arise,” he said.
+
+In contrast to major competitors around the world, Canadian airlines haven’t yet received industry-specific support from the government. So far Air Canada has said it will use a 75% wage subsidy to keep or recall most of the 36,000 employees in Canada who were furloughed.
+
+For the first quarter, Air Canada reported a loss of C$1.05 billion ($745 million) compared to a profit of C$345 million last year. On an adjusted basis, the loss was C$392 million versus a profit of C$17 million last year.
+
+
+https://www.bnnbloomberg.ca/air-canada-sees-pandemic-impact-lasting-at-least-three-years-1.1431037
+Hi AusFinance, I am in need of some advice.
+
+​
+
+A couple of months ago I sold my laptop for $2250 via Gumtree and the buyer sent me the money via paypal (however gifted and not through gumtree). Probably around a month later Paypal notified me that the buyer had disputed the transaction due to it being an unauthorised transaction - and I provided the evidence that I had (emails and text messages between me and the buyer) however they were not enough and the outcome was me being $2250 out of pocket with Paypal's debt collection agency asking me for the money.
+
+​
+
+Since, I have asked Gumtree what to do and I then lodged a report with the ACORN (Australian Cybercrime Online Reporting Network) and I am waiting to hear back.
+
+​
+
+Has anyone got through the same thing or have any advice? I am a full time student and cannot really afford to pay.
+
+​
+
+Thanks!
+
+​
+
+Edit/Update: Thanks for the responses. I think I have a better plan of attack now:
+
+* Will refuse to pay debt collectors
+* Will file police report
+* Will lodge claim with ombudsman 
+* And potentially go through independent small claims tribunal
+
+Thanks everyone - you've all been very helpful
+​
+
+https://preview.redd.it/o80y41rd2k071.jpg?width=700&format=pjpg&auto=webp&s=61bec8d80d9f731107b6249f0fed910c348d17e7
+
+*This is one of a series of posts where I will apply my fast and dirty historical fundamental analysis to some of the biggest dogshit stocks of 2021. If you are interested in the process I use below to evaluate a stock, check out* [How Do I Buy A Stonk???](https://www.reddit.com/r/ASX_Bets/comments/lzjpvf/how_do_i_buy_a_stock/)
+
+​
+
+# The Business
+
+https://preview.redd.it/h62hmkvk3k071.png?width=800&format=png&auto=webp&s=8393ac0eaa4ec60146a96761ce440889ecf71a1e
+
+Telstra was officially founded in 1975, though its origins go as far back as 1901 as part of Australia’s Postmaster-General Department. Originally run by the federal government, Telstra was eventually privatised over three public offerings, the first two of which occurred in the late 90s.
+
+Today Telstra runs the largest mobile phone network in Australia, offering coverage to over 99.4% of the population. It is also heavily intertwined with the National Broadband Network (NBN), through Telstra’s extensive wired infrastructure. Love or hate them, Telstra is the longest running telecommunications company in Australia, and I'm confident to say also the most well-known. Infamous some might say. 😺
+
+# The Checklist
+
+* Net Profit: positive last 10 years. Good ✅
+* Outstanding Shares: stable L10Y, slight trend down. Good ✅
+* Revenue, Profit: overall stagnant L10Y, w/ equity increasing. Neutral ⚪
+* Insider Ownership: 0.75% w/ several on-market buys LY. Neutral ⚪
+* Debt / Equity: 132% w/ Current Ratio of 0.6x. Neutral ⚪
+* ROE: 29.3% Avg L10Y w/ 20.9% FY20. Good ✅
+* Dividend: 7.5% 10Y Avg Yield w/ 4.6% FY20. Good ✅
+* BPS $1.22 (2.8x P/B) w/ NTA 62cents (5.5x P/NTA). Neutral ⚪
+* 10Y Avg: SPS $2.13 (1.6x P/S), EPS 34cents (10.1x P/E). Good ✅
+* Growth: -1% Avg Revenue Growth L10Y w/ -9.9% FY20. Bad ❌
+
+**Fair Value: $4.55**
+
+**Target Buy: $2.88**
+
+# The Knife
+
+https://preview.redd.it/hzbw37vm3k071.png?width=1522&format=png&auto=webp&s=3e113d567a20ae67ab4e7087b51f6c340e6431c6
+
+Just have a look at that 23-year history on the ASX in all its glory. Boy oh boy, what a stock. I think I'd go as far to say that Telstra is *the* perennial dog stock. It has a storied history of declines lasting years, almost decades, followed by years of growth, only to decline yet again. Which decade long high should I pick? There are several.
+
+If you were old enough to buy in to one of the first two public offerings in 1997 and 1999, you may have had very different experiences with the stock. Those who participated in the first offering (T1) would have experienced a hypergrowth stock that more than doubled within the year. Those that bought into the second (T2), likely bought in at the stock’s all-time high and almost immediately would have regretted it.
+
+​
+
+[Buying Telstra 1998 ATH vs The Market.](https://preview.redd.it/4vsqqghp3k071.png?width=1592&format=png&auto=webp&s=3ddfad236ecc7ce9f93c256ae7b6040f52cbbad9)
+
+For those unlucky souls that held all that time, with diamond hands that only the oldest of old man strength could muster, at the close of Friday at $3.43 (21st May 2021), they would still be down more than half of their investment. Had they decided to reinvest all their dividends over the years, they would have only made about +65% on their money over the course of 23 years. A sharp difference from the average expected return of the S&P/ASX 200 over the same time frame, returning just over 400%.
+
+You don’t have to be a pensioner to have experienced the ruthless pain of a multi-year long TLS drop though. Telstra has given opportunities to buy-in at the relative top several times. More recently in 2015, where TLS had climbed for 5 years from the depths of the abyss to reach a bit over $6.30 before abruptly changing course and deciding to drag would-be bag holders back to the depths. It is as though Telstra wanted to give a tiny bit of hope to those still clinging on since 1998 before breaking them yet again.
+
+Truly, Telstra is a dog among dogs.
+
+# The Diagnosis
+
+The Short Answer: It’s Telstra.
+
+I imagine the first crash went like this…
+
+[But Muh Telstra!](https://preview.redd.it/uag31g9u3k071.png?width=1240&format=png&auto=webp&s=3034e8f7a753c4b75884f6171f5054e32c0692e4)
+
+The Long Answer: Apart from a few divergences, for the most part Telstra's share price has followed its earnings. If anything, the share price truly reflects an old monopolistic public utility, with limited potential to grow. Though there is a bit more to it than that, since perhaps it was less a lack of opportunity and more a bureaucratic resistance to change. In so far, perhaps the share price in some ways reflected the changing perception of TLS's future.
+
+**Getting Hip to the Times**
+
+It’s safe to say that such a large, decades old, government run monopoly would take a while to get around to doing things innovative in the market. Huge lumbering old blue-chip type companies are generally pretty slow to respond to changes in the market. The life of a blue-chip is usually to linger around for a while, as it’s being cannibalized by newer more nimble companies. Indeed, a lot of the criticism of Telstra early on was that they would intentionally delay implementing new technologies so that they could extract the maximum profit from their older assets. Some Australians blame Telstra for being the reason in large part the country was so slow to adopt modern broadband internet.
+
+​
+
+[Is it just me, or is that the ugliest mobile phone to ever exist?](https://preview.redd.it/6a0je3k14k071.png?width=1534&format=png&auto=webp&s=3541f1035c84a5dae41e2a267d6132975ac1e055)
+
+And looking back at the original annual reports, that message does come through a bit. I can remember PDAs in the 1990s and they were relatively good even back then. Flip phones like the Motorola Razr and the indestructible Nokia phones were around in the late 90s too, and were pretty advanced at the time. But in their 1998 annual report Telstra highlighted, not smart phones, but smart *pay*phones (some of you reading this probably don’t even know what a payphone is at this point, haha… wait, am I old?).
+
+​
+
+[Steal Her Style, Telstra Edition](https://preview.redd.it/i2twxfs24k071.png?width=943&format=png&auto=webp&s=29a52d89195501ed0a2f10feb7a5142d7ba30790)
+
+Though maybe I am being a bit harsh. You cannot really blame Telstra for not being forward looking. Evidently, looking at the same 1998 annual report, Telstra's been working on video conferencing for the last 20 years. And finally, in 2020, an entirely different company made it work. 😺
+
+**Back to the Future**
+
+​
+
+[ Australia’s wholesale broadband access network ](https://preview.redd.it/nsb5m4n94k071.png?width=2000&format=png&auto=webp&s=88a66cae555717101d3e6397f92ce0cb10a9d91e)
+
+Reading through the 2020 annual report, you see a lot of mentions of NBN. It’s mentioned no less than 245 times. It makes sense given the NBN has been literally intertwined with Telstra since its inception. Much of Telstra’s existing copper infrastructure has been slowly commandeered by the NBN during the fibre rollout across the country.
+
+Andy Penn, Telstra’s CEO, has not been remiss to constantly remind investors about the headwinds associated with NBN too. Though, I imagine making excuses for a company going not much of anywhere fast has been a common refrain from many of Telstra’s CEOs throughout the decades.
+
+To be fair, it’s a legitimate issue for Telstra. As customers shift over from Telstra’s older copper lines to the NBN, Telstra takes a hit to their EBITDA in the form of lower margins. Instead of providing broadband over Telstra’s owned copper network at a good margin, they must purchase the service from NBN. And Penn has flagged prices of that service as having gotten quite expensive in the past few years. NBN headwinds have contributed quite a bit to Telstra’s thinner net profit levels as a result. The effect of NBN conversions has been estimated to be costing Telstra nearly a billion dollars in earnings each year last couple of years.
+
+# The Outlook
+
+On a positive note, the NBN has finally announced at the end of 2020 that the decade long government rollout is now officially complete. The headwinds that Telstra has been experiencing should now start to taper. Furthermore, NBN finishing triggers the first of 4 conditions that might allow the government to privatize it (and we know how well that works!).
+
+​
+
+[Pretty good deal if you ask me.](https://preview.redd.it/38o2ngai4k071.png?width=1200&format=png&auto=webp&s=5b0244e40290971838f7f553f92b7d53e0dac5d7)
+
+But there are some restrictions regarding the vertically integrated Telco from buying it. So perhaps it should not be a surprise that Telstra announced they are restructuring themselves, with the intent that a demerger of their different business divisions could be on the cards.
+
+**T22 Restructure**
+
+Usually, I find such strategies as symptomatic of a company in decline, but in this instance it seems to make a lot of sense. Each individual business unit are more than viable on their own. And the key here is that the strategy opens up further tangible opportunities.
+
+The announced restructure would split Telstra’s business in the three main components. The first of which is the separation of the customer facing business which sells phone and internet plans. The other two parts would consist of Telstra’s infrastructure, split between fixed and mobile assets. Part of the restructure would also involve consolidating its assets, and streamlining the business with some fairly significant downsizing of the workforce (8000 jobs to be cut, which includes shedding about 25% of the executive & middle management roles).
+
+***1. ServCo***
+
+[Telstra Shop in Craigieburn, VIC](https://preview.redd.it/06nnwnkk4k071.png?width=835&format=png&auto=webp&s=979efd3b445ac10d5f3e5f36e5f8ed7194c45d18)
+
+Following the T22 announcement and more recently this year, Telstra announced that it will bring the network of retail stores back under its full ownership. A significant number were previously run under license by Vita Group. I could see this as the first in the move in establishing the brand and ‘core’ business from infrastructure assets. I could see the ServCo side operating in a way that’s more similar to its competitors.
+
+There might be some further opportunity in being released from a vertical integrated telco too. The nature of Telstra's monopolistic infrastructure assets tends to attract many government restrictions about what they can and cannot do. A demerger of the consumer side of the business might allow Telstra to be more flexible in the market.
+
+***2. InfraCo Fixed & NBN***
+
+Though a flexible and nimble core business is likely only a side effect of a more strategic play regarding the NBN. When the NBN was created by the Federal Government, intentions to eventually privatize it were written into the legislation. This involved triggering some key conditions, one of which was the completion of the rollout across the country. Another condition was finding a suitable buyer, but what is "suitable" had a few restrictions. Namely, Telstra as they are now are not in a position to be a buyer. However, a separate InfraCo business might well be.
+
+​
+
+[NBN installation, photo from Courier Mail](https://preview.redd.it/pbq5e1sl4k071.png?width=1600&format=png&auto=webp&s=7f15d5b93260f083752bc1dbafd2ab5ef2d6cd35)
+
+The InfraCo Fixed side of the business would still be owned by Telstra Group for the time being, but operate as a subsidiary with its own CEO. However, organized as a subsidiary, it makes a demerger easier, and gives Telstra what they are calling "optionality" with regards to NBN. Whether they would even want to own NBN is probably the real question though. Despite being an expensive service, NBN has managed to lose billions on a yearly basis with its nationwide one-of-a-kind fibre network. 🤷‍♀️
+
+***3. InfraCo Towers & 5G***
+
+[Telstra Tower in Canberra, ACT](https://preview.redd.it/ew5xbh3n4k071.png?width=1600&format=png&auto=webp&s=118bc2653ca02f0eb0deed98675a94bbdaa19e4f)
+
+The hard assets not being rolled out into InfraCo Fixed are Telstra’s mobile towers. Those will be split off into their own business unit, InfraCo Towers. This is interesting given the developments around 5G going forward. How InfraCo Towers as a separate entity might change the playing field going forward could be interesting.
+
+# The Verdict
+
+I think the split between the businesses and the potential there for smaller leaner portions of Telstra to leverage their individual strengths could be a very positive thing. It is difficult for such a large and complicated business to effectively move in any direction at all. When one tries to do everything, one often gets nothing done.
+
+​
+
+[So sad, they were only just about to get back together. 😿](https://preview.redd.it/8qa7n3mt4k071.png?width=858&format=png&auto=webp&s=d42e7ad88fc84ca39b5e8560c270e48d0d2bf625)
+
+And while the idea of Infraco Fixed purchasing NBN and bringing that business into profit through the ingeniuty of private enterprise (let’s be optimistic), what is likely actually an even larger opportunity is the expansion and widespread adoption of 5G. Telstra has already flagged that the core business will retain some of the key mobile assets like the 5G spectrum that Telstra secured at auction last month.
+
+​
+
+[telstra.com.au\/coverage-networks\/our-coverage](https://preview.redd.it/673pr7lr4k071.png?width=1135&format=png&auto=webp&s=0ce457fe77c4ce4e3099acd36afa9a5c3fd4f098)
+
+Currently Telstra has the largest mobile coverage of any of the Australian telcos. Furthermore, they claim to have 50% of the population covered with 5G right now, with about 75% of the population to be covered by mid this year. So either way, Telstra is well positioned in the mobile phone market to capture a large share of the growing 5G business.
+
+​
+
+[TLS annual report 2020](https://preview.redd.it/ku4h5b0w4k071.png?width=1600&format=png&auto=webp&s=6a8658d6a9c9ac64354e4ec88e77db86c0f96b7f)
+
+What is interesting is that the speeds offered by 5G upgrade can compete with the kind of speeds NBN provides, at least on an individual consumer level. But further than that, 5G might very well be a game changer. It is touted as being crucial for technologies like self-driving cars, automated drones, and AI systems generally.
+
+​
+
+[tesla.com\/autopilot](https://preview.redd.it/qwq7sw6x4k071.png?width=1198&format=png&auto=webp&s=3ab7d97f6562cade9cb9db2047f6257c46b45cec)
+
+As such, there are some business ventures in development right now which are being held back due to limited bandwidth and speed capabilities of the existing mobile networks. Remove that limitation and the market can flourish. Some are seeing 5G as being essentially a disruptive technology, that transforms the nature of a lot of businesses entirely. Telstra is positioning themselves to be ready to facilitate and benefit from that transformation.
+
+# The Target
+
+So, if we are optimistic that Telstra has a future with T22 and we want to get on the train early before people truly can appreciate the implications, we need to make sure we don’t end up Buying like its 1999 and FOMO into a 20-year dud investment.
+
+**Digging into 20 Years of Fundamentals**
+
+[20 Year Fundamentals w\/ Relative Valuations \(End of FY SP\).](https://preview.redd.it/8zejm73d5k071.png?width=1599&format=png&auto=webp&s=11fcf1873e4e2187849a5c00497c83286b189b94)
+
+If we look at TLS in a holistic way, we find that their business is relatively reliable. It doesn’t have any huge swings one way or another. EPS varies from year to year, but not by much. Prices go up and down, but at the end of the day, Telstra is a mature business. I imagine it’s typical of what you’d expect to see in decades old public utility.
+
+What’s interesting is that on the surface there doesn’t appear to be anything that really sticks out in any particular year as the reasons for the share price to rise or fall. For all the issues over Telstra being good or bad at innovating, they lumbered on with similar revenue, similar earnings, and similar dividends every year.
+
+**P/E Level Target**
+
+[Strong Price Relationship with EPS](https://preview.redd.it/qetqsfz76k071.png?width=1550&format=png&auto=webp&s=3c98e92d940915cab0899efabfb21d6c9d995908)
+
+Digging a bit deeper though, one finds that Telstra's share price tends to very strongly follow it's earnings per share. In fact, if you delimit out some of the more drastic sentiment overshoots at the start and end (IPO spike namely), its nearly an 80% correlation coefficient between the share price and the EPS the next yea. In other words, the share price has been a fairly good leading indicator of the profitability of TLS.
+
+I suppose that’s sort of a “duh” moment, though the what I find interesting is that TLS’s share price is so well linked to the EPS, that you could say that there is a very stable price to earnings ratio that it has largely kept over the 20 years on the market. So much so that the standard deviations for the average EPS and the Share Price nearly the same %.
+
+As such, I think there is a case here to evaluate TLS purely on its P/E ratio (or perhaps better, on it’s forecasted P/E). Over the course of 20 years, it’s historical multiple has been 13.4x, so if you can catch it during a time in which it’s forecasted to be less than that, then you might have a good deal on your hands.
+
+**Buying Well**
+
+All that being said, I think Telstra offers investors a few fundamental lessons about the stock market. Telstra serves as a fairly great example of how buying *well* is crucial for for long term success in investing.
+
+​
+
+[Buying Telstra at $3.00 in 1997 vs the Market](https://preview.redd.it/q52bc1xe6k071.png?width=1659&format=png&auto=webp&s=26ecf4f72b962400e8f7758327927174872ac259)
+
+“Investment success doesn’t come from ‘buying good things,’ but rather from ‘buying things well.’” – Howard Marks
+
+What if our instead of buying the all time high T2 offering, our would-be investor bought the T1 offering at $3.00 and held. All things otherwise the same, 20 years later, the investment doesn't look half bad (dividends reinvested). Still lagging a bit behind, but that is in part because this year we’re experiencing one of the multi-year lows in the SP/EPS cycle. If they had sold at one of the various high points along the way, say in 2016, the performance relative to the ASX200 is quite a bit more exemplary.
+
+As such, I think that carefully waiting for a good entry point into TLS is the entire game (or really any cyclical stock for that matter). Certainly, the the assumption is that Telstra will bounce back. The last couple of years’ worth of EPS were not flash. But with NBN tapering, restructures commencing, cost cutting underway, and opportunities in 5G before us, I think there are many reasons to be optimistic
+
+**Fundamentals Target**
+
+Though, if we want to back up our technical with a fundamental analysis, then I think if there is any stock we’d use long term averages to evaluated, it’s this one. To be a bit more conservative, we can opt to use statutory profits for our EPS which were lower than underlying profits for the last couple years.
+
+​
+
+https://preview.redd.it/g02gaaik6k071.png?width=900&format=png&auto=webp&s=c5d1f91d5ac2974e6c79f692e72d79c85edf469c
+
+Using these figures, we’d get the following stats:
+
+* EPS 29.8cents
+* SPS $2.18
+* DPS 26.6cents
+* BPS $1.27
+
+With that we can derive the following prices:
+
+**Fair Price (S.Avg): $4.37**
+
+**Target Price (S.Avg): $2.75**
+
+Looking at the recent price action, we’ve seen that target price level reached near end of last year. Since then TLS has bounced back to around $3.30-$3.50. Perhaps the window is closing on a new multi-year uptrend? It will be interesting to watch.
+
+# The TL;DR
+
+Telstra has a long and storied history of being an absolute piece of dogshit. Multiple times during its two decades on the exchange it has experienced huge share price drops. Digging into the long term history, the stonk seems to trade like you would expect a huge monopolistic public utility, and that is on a strong price to earnings relationship.
+
+More recently, there are some promising developments. Telstra has announced a T22 restructure to their business, which will involve a potential demerger of its infrastructure assets, allowing “optionality” in acquiring the NBN. And otherwise streamlining the core business and positioning it to benefit from growing 5G opportunities.
+
+Personally, I think the history of the stonk's long term price trends demonstrate that if one can catch Telstra at one of it’s share price lows, it might be worthwhile to try to ride the wave back up. Costs of NBN are tapering, so there's reasons to think they can improve again. This blue-chip dividend stock also comes with a bit of surprise upside too, should T22 or 5G really take off.
+
+*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 TLS 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.*
+
+*Currently on the Watchlist (rough order): AMP, IFL, TGR, RFG, TPG, RBL, CGF, NXL, URW, IPL, WHC, SXL, ASB*
+
+*Previous Editions of Catching the Knife:*
+
+1. [The Second Australian Company (AGL)](https://www.reddit.com/r/ASX_Bets/comments/ms53c0/catching_the_knife_the_second_australian_company/)
+2. [The Daigou Milk Company (A2M)](https://www.reddit.com/r/ASX_Bets/comments/mxf4xu/catching_the_knife_the_daigou_milk_company_a2m/)
+3. [The Largest Australian Energy Company (ORG)](https://www.reddit.com/r/ASX_Bets/comments/n1va2b/catching_the_knife_the_largest_australian_energy/)
+4. [Amazon’s Bogan Australian Cousin (KGN)](https://www.reddit.com/r/ASX_Bets/comments/n7cpxk/catching_the_knife_amazons_bogan_australian/)
+5. [Putting the Autistic Individual in AI (APX)](https://www.reddit.com/r/ASX_Bets/comments/ncm2on/catching_the_knife_putting_the_autistic/)
+Using a simple volume SMA seems to predict upcoming price movement better than indicators based on price alone like ATR. The only problem is the price seems to continue being volatile at an exponentially decaying rate shortly after the period of high volume which ATR does show whereas volume just suddenly drops after the period of high volume while observed volatility does not mimic this behaviour.
+Hello r/algotrading 
+
+I am desperately searching for a solid data provider with little to no cap on data requests. I have struck out quite a bit over the past year and I am currently about to leave Polygon (one of the most recommended on this sub). As it turns out their "15+ years of historical data" is garbage. I aggregated the past 6 years worth of data for a slew of S&P equities and data discrepancies were through the roof.
+
+One simple quality test I utilized was downloading the daily data of an equity for the 6 year span and then downloading the minutely data and filtering out premarket and after hours trading for only RTH trading. I then compared all of the lows for a particular date within the minutely data to the reported low in the daily data and if the minutes contain a low lower than the daily low I instruct the algorithm to flag it. Vice versa for the highs. I then walked away with a staggering 30+ dates that were flagged for every stock I aggregated 6 years of minutes for. Their data is garbage and I will not be handing them a $200 check every month for trash.
+
+I can't seem to find a good data provider ANYWHERE and although I am not going to shell out bloomberg terminal type money for intraday data I am willing to spend up to $500 a month on it. Please comment below if you know of a very solid data provider that I can switch to. (If you say [finnhub.io](https://finnhub.io) I will throw up).
+
+Thanks,
+
+A humble algo trader
+**Never using Robinhood ever again.**
+
+LoNg story ShOrt - I was using Robinhood and ended up treating it like a casino \[Options\] with the recent mayhem going on for the past week.
+
+My current investment portfolio is now  **$** **15,556.02** in Robinhood cash (No Margin), previously **$35,694.34.**
+
+**Do I feel sad?** No.. and I don't know why.. there's lots of people would kill themselves over losing that amount of money and I'm grateful to have money backed up.
+
+ It's probably just the simple fact that I'm young and employed and I have a lot of time left in my life to recoup the $20k. I do have another **$31,348.35** saved in cash so it's not like I put all of my savings in there(Thank god I didn't).
+
+**What will I do next?** Change brokerage accounts. I've sold all my stocks and will be moving over to TD Ameritrade(unless you guys know a better brokerage)? I'll continue investing $200 a week on the same Wednesday I get paid from my job into QQQ like I have been on Robinhood and will lay off using Options for a very long time.. Maybe never again.
+
+**What will I be doing with my remaining 31k saved?** Not sure yet. I have a full ride in College studying Business Administration and Finance(the irony) so I don't have to worry about tuition and books. I've always wanted to start my own business so I can imagine that happening someday, maybe soon. We'll see.
+Tl;dr High probability of lay off.  Do I take the hit in taxes to pay off credit card debt with 401k and start anew?
+ 
+
+After my department at my employer has come to an abrupt end the future looks dim. We are a small group and promised positions in another department, however they simply do not have work/volume either.  The writing  was on the wall with my department and I feel it is with my employment as well. 
+
+If we are laid off, I have debated A, using the 401k savings to pay off all CC Debt.  Or B, actually using one of those debt consolidation companies (and destroy my bad but never delinquent payment credit score even more for 5+ years) But if I'm not working a consolidated payment won't be much help either.  
+
+The credit card debt is really whats worrying and hurting. It has been for some time and I should have focused more on that this past year while times were still good.  I guess I'm looking for justification getting rid of my retirement savings in favor of getting debt free.  Below is relevant information. 
+
+32 Years age. 
+35k vested in 401k after market hit. 
+Emergency fund: zip 🦗 
+CC Debt: $37,120
+70k year salary before department closing. 
+Car loan: none 
+Car insurance: set aside $30 a week. 
+Mortgage/insurance/taxes: essentially zero when roommates are factored in.  I'm not counting rent as a net positive just for planning.  Before this I was using the rent for paying off CC.  Now it would be for mortgage payment.  
+
+I know I dug this hole and I have already gone cold turkey no CC use for months and paying slightly above minimums.  The hole is just already there and big now.  Thanks for any objective, sound advice.
+
+
+
+⚠️📢
+Edit for Questions: man this blew up and was a needed smack in the face. 
+
+The renters payment was/is going towards the CC Debt. Unless layoff happens.  I haven't been using the CCards at all past several months.
+
+I still have the job.
+
+The debt was racked up over years and exacerbated after I closed on my house.  Lawn mower here, new fridge there, new ac here because I wanted to be comfy. I know this was probably the biggest mistake next to having no emergency fund. 
+
+Is my home and 401k protected in bankruptcy? Does it depend 'which' bankruptcy it is?  Not leaning towards this option but rather the consolidation route if anything. 
+
+I am leaning on the, cut all unnecessary spending, cut the C Cards out (already did), use the renters money for paying down debt while I continue to pay the mortgage which is what I have been doing.  The idea of being laid off wasn't even a thought until a few days ago.
+
+
+I am actively looking for a better role elsewhere as well  as others have said even a side job if this position holds.
+In this new era of low interest rates, house prices will continue to go up and I find it hard to justify if they will ever come down. Imagine the following scenario:
+
+1.	RBA lowers interest rates
+
+2.	Homeowners borrow more money and overleveraged to buy more houses
+
+3.	(Some time passes)
+
+4.	Inflation starts to pick up
+
+5.	RBA prepares to increase interest rates
+
+6.	Homeowners panic and cut down spending in order to service their future repayments
+
+7.	Reduced spending causes inflation to drop back down
+
+8.	Repeat Step (1)
+
+Since the CPI excluded house prices, we will never fully capture the economic sentiment. RBA argued: "The purchase of existing housing represents a transfer within the household sector (which means that there is zero net expenditure by the household sector in these transactions)", which I think it's bullshit.
+
+Another way to fix this is to have banks tighten their lending criteria, but this goes against the purpose of the banks, which is to make as much profit as possible.
+
+My armchair economics degree tells me that we should include house prices in the CPI, what does /r/ausfinance think?
+Independent of the financial aspect, I'd like some input on the practical aspects of owning a second house (vacation or wintering).
+
+I have a hard time accepting that I would have a property a long way away that I couldn't be there to watch/maintain. How do you handle this? Hire a local service to check on it once a week? Count on new friends/neighbors? Have a townhome/condo with an HOA that takes care of it?
+
+* What type of property did you select and why? SFH, condo/townhome? 
+* What HOA fees (or similar) can one expect? Obviously, this varies considerably but are we talking hundreds per month or thousand? Are these fees responsibly managed or do they grow each year in an out of control fashion?
+* How much time per year do you spend in each residence?
+* Do you completely furnish each residence or do you take some stuff with you when you transition?
+* If you don't mind saying, could you tell me _where_ you selected? I'm just building a list of places to evaluate.
+* Last question, knowing what you know now, would you make the purchase again?
+
+NOTE: My current domicile is permanent due to family and business. I don't have any concern about leaving my primary residence unattended. However, feel free to comment on this if you think others might benefit.
+Be gentle, my retarded friends, it’s my first time. I found a stock, I like it, and now you can like it too. I have been watching them for a while, and bought this month to get in before the Q1 report was released. I already had something partially written up, but I have now added details from their latest release to get your juices flowing more readily.
+
+​
+
+**BUZZWORD: Global Telehealth**
+
+Cool idea right? Doctor appointments in the cloud 24/7, anywhere in the world. But spoiler alert: people don’t like change. Boomers especially do not like change. This is key, as boomers go to the doctor and spend money at the doctor much more than us healthy millennials living off mi goreng and the occasional tendies.
+
+It’s fucking hard to get people to sign up and pay for telehealth. Your Aunty Barbara is still going to catch the half-hour bus into the city and walk ten minutes down the road to see old faithful Dr Greg (who is coincidentally your wife’s boyfriend) at the same practice she has visited three times a year since 1969. Greg will be milking Barb’s bank account until they day she kicks the bucket, but at least your wife is satisfied with the arrangement.
+
+Now imagine a company which doesn’t bother trying to steal Barb away from Greg with flashy marketing, but instead goes straight for her private health insurer. In Australia, >50% of boomers over 50 have private health insurance. Said private health insurer signs a deal with said telehealth company to provide the service, and then offers it for free to every eligible insurance customer. If you are already paying for the insurance, you may as well use the online doctor service, right? It’s free! For the customers who are not eligible they bombard their inboxes with marketing, offering insurance plan upgrades so that they become eligible. God I fucking hate insurance companies. But insurance companies are good at this – it’s what they do. They are also greedy, and love telehealth. Apparently virtual consulting results in up to 20% cost savings per insurance claim when compared to in-person visitation.
+
+Enter [Doctor Care Anywhere (DOC).](https://doctorcareanywhere.com/)
+
+Their debut IPO onto the ASX last year ended up being the largest healthcare listing for 2020, raising A$102 million from shares at 80c. After hitting a hyped-up high of $1.48, it dropped down to 90c before recovering slightly to a few cents over dumbfuck territory where we are sitting now with a market cap of A$330million.
+
+These guys already have been providing virtual medical consultations in the UK since 2013, and Ireland since last year. DOC has a great app which can upload photos of dodgy dick rashes, give instant referrals so a gloved specialist can retrieve the Delecta from your rectum, deliver prescriptions right to your door (not for autism – there’s no cure for that), and of course keep your medical records all in one place.
+
+​
+
+https://preview.redd.it/jlvx4bb5gov61.png?width=150&format=png&auto=webp&s=3ba5752d89547e423a3aaae74a2f9a187126e475
+
+https://preview.redd.it/b99s8jy5gov61.png?width=362&format=png&auto=webp&s=4dc0666f29eae28570f89f16e57ec03567c360f6
+
+https://preview.redd.it/kfw9fwd6gov61.png?width=143&format=png&auto=webp&s=47d42464218414c1358b3d204e127b9f6b754098
+
+Yet, the app doesn’t get millions of people using it thanks to all those like Aunty Barbara out there. It’s the same problem for most of these Telehealth companies, of which there are dozens both in Australia, and internationally. European and Australian examples include Doctors in Demand, Babylon, Vala, Livi, Square Health, PushDoctor, Instant Consult, Qoctor, GP2U, and more. I’m not gonna lie, there are many more. Most are private companies, and most of their websites look super dodgy, but regardless, the competition is certainly out in force.
+
+So how does DOC have an advantage? What do they do in the face of this clusterfuck of an industry fighting over patients and practices with Google ads? Well, they go directly to some of the world’s biggest private health insurance companies and offer to run their services.
+
+​
+
+**This is the rocket fuel** 🚀🚀🚀
+
+AXA PPP (UK subsidiary of AXA S.A, the world’s second largest insurance company), HCA UK (part of HCA Healthcare Inc, one of the leading providers of healthcare in the US), Nuffield Health (one of the largest private health insurance bodies in the UK) and more recently Allianz Partners (enough said) have signed to channel their telehealth services through DOC. Now that’s a vote of confidence. AXA, HCA and Nuffield combined represent a whopping 30% of ALL private health insurance in the UK (2 million out of 7 million active policies). The new agreement with Allianz is still being implemented, but the plan is to initially channel some select international European policies through DOC before expanding more widely. This is the company’s first foot into the EU, and the deal is thrillingly similar to the initial deal DOC had with AXA before they expanded coverage. There are some more details in Eureka Report I link further down, but DON’T GO SCROLLING JUST YET – KEEP READING ON YOU SHORT ATTENTION-SPANNED FUCKWIT! I should also add here that DOC have several agreements with big businesses in the UK to provide online consultation as part of various employee health insurance schemes. You may have heard of some of them.
+
+​
+
+https://preview.redd.it/p2ywcug7gov61.png?width=601&format=png&auto=webp&s=7884d4a81a3daa747f7098441c215af2e20581f4
+
+**So we are fuelled and waiting for ignition...**
+
+Worldwide telehealth sector growth is widely forecast to be rapid (DOC cites studies which suggest upwards of 23% ever year through to hitting US$15billion in 2024). Regulations were rapidly removed across Europe during the pandemic, and I would bet that with a rapidly aging Boomer population starting to put significant strain on healthcare systems there will be no rush to move backwards. From servicing 50,000 people at the start of 2018 (**BUZZWORD: Activated Lives**), DOC increased their customer base 25% ***every quarter*** through to Q1 2020 when they were servicing 175,000 Activated Lives. Obviously Bat-Flu lockdowns shot up the business astronomically and as of their latest Q1 report released on Monday, they had 496,000 Activated Lives. There are an additional 2.4 million Barbaras eligible through their insurance providers who have not yet signed up for or used the service (**BUZZWORD: Eligible Lives**). A primary goal of DOC is to convert Eligible Lives into Activated Lives, which their data suggests results in an >80% chance that the client will book a virtual consultation within 12 months and thus bring in more revenue.
+
+In terms of actual consultation numbers, the below graphs speak for themselves. Note that in 2020 (as per. the end of year report), 77% of DOC’s revenue was produced directly from consultation fees as opposed to subscription fees, deals, and the IPO capital raising. I believe a key consideration is that while the events of 2020 certainly caused a jump, DOC was ramping up for tendies even before the Wuhan Spicy Cough, and is likely to continue on the train.
+
+​
+
+[\(from Q1 report released yesterday, in pounds\)](https://preview.redd.it/o5g90el8gov61.png?width=557&format=png&auto=webp&s=52920738af163a2375c44be5a0f4dae40f5d8da1)
+
+The IPO was super hyped, and it has dropped way back down so that even the Hot Crappers have almost completely abandoned ship. There was a [nabtrade insight article](https://www.nabtrade.com.au/investor/insights/latest-news/news/2021/04/is_telehealth_the) posted which pumped DOC on the 6th of April for an 11% jump, after which it stabilised at about $1.04 before another small pump on Monday after the Q1 report which quickly dropped back down due to paper handed cunts. **As far as I can see, the ticker hasn’t been mentioned even once on ASX\_Bets or ausstocks.** I can certainly promise Next Investors don’t have their hands on it! Basically this means that any hype is gone, and the stock is stable at a good long-term entry point with good potential for a free-carry. Am I an idiot? Probably. Enough of the past, retards, let us see what the future holds.
+
+​
+
+**Maybe the fucking MOON, baby**
+
+I suspect that the reason for the substantial drop in share price since January is due to most investors seeing DOC as a one-hit lockdown wonder. That after the jab is well-distributed and lockdowns cease to exist, these numbers will drop off as people go back to their normal GP appointments. I counter this: the majority DOC income comes from their insurance channels, and their corporate partners are no doubt going to continue shilling telehealth to save money (remember, 20% per consult). The UK’s National Health Service reckons that 2/3 of all doctor consultations can and should be completed electronically - I’m sure Allianz, Axa and HCA agree! **The UK opened from lockdown in early March, and yet DOC pulled off a staggering 32% growth in consultations last month compared to their previous monthly record from November 2020, which you may remember was the month that the strictest UK lockdown laws were in full force.** Think forward, my fellow autists. I cannot understand why there is not more confidence in the future of this ticker. This is what DOC is planning:
+
+​
+
+THIS YEAR
+
+Integrating mental health services to the app (already partially rolled out)
+
+Adding virtual specialists (ie: cutting out any in-person referral where possible)
+
+Ramping up secondary care options and thus income per patient as hospital availability improves
+
+​
+
+SHORT TO MEDIUM TERM
+
+Expanding into Europe (ie: adding more channels on top of the Allianz)
+
+Expanding into Asia-Pacific (Australia is explicitly mentioned as a target in recent interviews)
+
+​
+
+Every one of these points has potential for bloody BIG dollars. Financial figures from last year were almost purely derived from a business providing standard GP consultations. Adding telehealth appointments not only for mental health, but for fucking specialists??? This will increase both volume and value of the DOC service, while simultaneously reducing the number of in-person client referrals and thus keeping more cash in DOC hands. Further, the more people they can book in hospital for secondary care (which was largely impossible through 2020), the more cash comes their way. Remember that 77% of their CY2020 revenue was from consultation fees, so this triple whammy is going to compound the shit out of their revenue and probably be reflected in every quarterly update from here on out.
+
+Management certainly thinks they have the right platform, plan and capability to scale up quickly in the next few years. Capitalising on current sector sentiment and starting a sprint to the top is the very reason they went public, apparently also to give them the option of sweet, sweet takeover bids as per their comments in several interviews. Though this brings me to another point...
+
+​
+
+**Why the fuck is a UK/European telehealth company listed solely on the ASX?**
+
+There are several big companies with \*quite\* a head start in the US (eg: TDOC, AMWL, GIX), so DOC has specifically said they are not interested over the Atlantic and want to first gain market share in the UK and Europe, followed by APAC. The reason they chose the ASX over the LSE is probably best explained towards the end of this Eureka Report interview ( [https://www.eurekareport.com.au/investment-news/doctor-care-anywhere-rides-the-shift-to-telehealth/149340](https://www.eurekareport.com.au/investment-news/doctor-care-anywhere-rides-the-shift-to-telehealth/149340) ), which is definitely a must-read to get a thorough overview of the business model with AXA and Allianz, plus exactly why they chose to go public when they did. One AFR article says that they are looking to set up an Australian base in 2021, but that is not repeated anywhere else so might be a mistake - I think it will be a bit longer.
+
+On that note, one gripe I do have with DOC… They have not been very clear on the exact timeline for their upcoming developments, so to write this up I had to do a fair amount of digging on their mental health service and the Allianz deal. This lack of transparency probably factors into the selloff since late January, so the silence seems strange because they have certainly been making progress in the intervening period! On the plus side, from where I am standing this means that everything they announce this year will not be priced in and should make for some green spikes. Anyway, I forgave this surface weirdness after looking at the books.
+
+​
+
+**Revenue growth is fkn impressive... And nobody seems to be paying attention!**
+
+Although revenue has been increasing substantially in recent years (CY2018 to CY2019 was up 185% to £5.7million, and CY2019 to CY2020 was up 102% to £11.6million), DOC is still obviously burning a lot of cash on development and has not yet posted an annual profit. Despite this, they are clearly ramping up rapidly - something particularly exciting which came up in their Q1 report on Monday was the estimate for revenue growth this year… **at least 100%! Basically, they reckon they will match the growth they had in 2020 despite lockdowns now essentially a thing of the past in the UK.** Not bhed, good soyze! But the REALLY interesting details only appear when you compare DOC to other Telehealth companies, as put below by Edison.
+
+[https://www.edisongroup.com/publication/doc-from-home/29246/](https://www.edisongroup.com/publication/doc-from-home/29246/)
+
+*DOC trades at 6.9x our 2021 revenue forecast on an EV/sales multiple, which is a sizable 60% discount to its peer group of global telehealth companies, which average 17.2x. However, our two-year forecast revenue CAGR of 80% is 34% ahead of the peer group average 60% growth rate. We believe this valuation discount to peers will reduce over the next 12–18 months, as DOC builds up a track record on the market and executes on its growth strategy.*
+
+After my smooth brain read this, FOMO kicked in. I went full autistic. This is a fucking undervalued one bagger by mid-2022 WITHOUT any game-changing announcements – just trusting sector outlook and that the market will wake back up to this stock. If they announce another one or two surprise channels in the UK, there are immediate gains to be had. If they expand into one or two other European countries, or complete a takeover, that could be another bag. If this happens in the coming months and the hype kicks back in after continued growth is noticed, we’re looking at the beginnings of a European Teladoc (NYSE: TDOC) and it will fucking moon. Those are good odds in a casino. I bought on the spot at market for $1.07 and am in for a long hold.
+
+I’ve since calmed down, and working under the assumption that Edison is basically a pumpy international version of NI, I have tried (keyword: tried) to draw up some more transparent comparisons with the competition so that you can pretend you are not FOMOing into a ticker because of how many times you scrolled down on this post. As you can see below, there is not really any one company which can be directly compared with DOC and I don’t really know what I’m doing lol plz help. But what Edison says seems true enough to me - Telehealth companies are currently trading at a large premium over their actual revenue, and DOC is sitting quietly in the corner with nobody watching.
+
+https://preview.redd.it/x9ofx1tihov61.png?width=632&format=png&auto=webp&s=3f3a6418094b262cad546a40de34ee7cd67cb929
+
+Maybe there is an interested autist reading this who is further down the spectrum and can draw some better conclusions from this table, or advise on what to add? The retarded takeaway is that by quadrupling the user base of DOC to 2M, the MC should move towards the proposed MC of Babylon at 1.9B – but this is truly retarded ofc. It also made me think that some companies which look like competition on the surface (eg: Doctors on Demand in Australia) are actually small-fry which could certainly be good acquisition targets for DOC.
+
+Anyway, I like the company, and the potential is here for big price movements with the right management... I have my fingers crossed that before the end of 2021 I can pull off a free-carry from the current price, but my karma is still shit so I can't make a bet 🔥🔥🔥
+
+**TL;DR:** DOC is comparatively undervalued around the $1 mark, and also boasts a stunning growth rate. If they sign or expand with even one more big multinational insurer in the next 12 months, lift-off can be expected. Management seems confident, and while I obviously don’t expect success to the same level as the likes of NYSE:TDOC, I think this is an exciting gamble to make in an important sector which could easily be a multibagger.
+
+**DISCLAIMER:** I do own this stock, and this is not financial advice (nor is it intended as a pump). DYOR, etc etc. I am a geologist so anything more complicated than digging rocks out of the ground tends to confuse me. For real though, I have found other stock picks on this sub invaluable for discovering exciting companies, so thanks a lot guys – hopefully this one will pull through and give tendies back to anyone dumb enough to invest alongside me :) It feels nice to finally have something in my portfolio which is not battery-related, and would love to see some discussion on it!
+
+\-edited for formatting
+
+\-edited again for formatting ffs what is wrong with me
+Do economists agree that education is mostly signaling? Or are there benefits to education beyond that of just the degree and showing of your innate abilities?
+
+What does the research say? Do many economists and researchers in the area of education agree with people like Bryan Caplan who argue that most of the benefits of education is signaling? Or are these views still heavily contested?
+Federal debt to US GDP has reached almost 140 at this point. Most people heard about it but brushed it off as just being due to Covid. But looking at the chart, this trend has been going on since the 1980s and really accelerated after 2008. [source](https://i.imgur.com/UVHpXvU.jpg)
+
+Is their anything *realistic* that the US can do to bring this back down? Debt does not seem like it’s going to slow down anytime soon so it seems to like it comes down to boosting GDP. ~75% of our GDP comes from services and investments. [source](https://i.imgur.com/8UviaJU.jpg) 
+
+To me this makes it seem like we need to boost our production of goods drastically but I’m not sure what steps the government can even take to do this without ramping up debt along with it. Would love some insight from people that know more about fiscal policy.
+If someone saved enough money to live on investment income, could their descendants live off it indefinitely? (Assuming they don't spend the principle, reinvest to account for inflation, etc, of course.) 
+
+Basically, a family endowment. 
+
+Also assuming they only have one kid, or the other parent has an endowment too. 
+
+Could an infinite line of people just live for free forever? 
+
+That doesn't really seem to make sense, but I don't know why. 
+
+What if everyone did that? 
+
+Would that cause inflation, or...? 
+
+Surely something must break. 
+Everything you read tells you about how ineffecient the USSR was, how the black market was the only way to get anything done, etc. if that's so, how the heck did it manage to rival the US economically?
+
+Bonus question: and why did the bottom drop out after the USSR was dissolved? One would naively expect things to improve after economic restrictions eased.
+ 
+
+[This Politico article](https://www.politico.eu/article/croatia-launches-euro-bid/?utm_source=POLITICO.EU&utm_campaign=b4bdde5ce3-EMAIL_CAMPAIGN_2019_07_05_05_42&utm_medium=email&utm_term=0_10959edeb5-b4bdde5ce3-190137661&_ga=2.18810041.1284569737.1562568206-1316352792.1562568206) says that Croatia is willing to join the euro zone, and if all goes smoothly, it will do join 3 years from now. This is ample time to personally prepare and profit from the situation.
+
+I of course am located in the country, which makes me wonder.
+
+What are the good reads on the topic? Where can i learn about what happened with other countries citizens upon their entrance?
+
+Could it be beneficial to take a loan in kuna beforehand so to get it converted to euro, or not?
+
+What about my bank account? Should i start converting my savings into euro?
+
+There are many questions, but in general i want to profit on this event. What would you recommend?
+
+​
+
+PS.: I have tried to post this in /r/AskEconomics/ and in /r/personalfinance/ with little to no success. I understand this is a very specific question and a one-in-a-life-time event, but that's exactly why i want to talk about it!
+Hi team. 
+VWCE is being mentioned in almost every discussion on this and other financial forums. Why is it so popular? Why is everyone jumping on it after it was added to Degiro core selection? Specially people who were investing in IWDA+EMIM.   
+Sometimes I have a feeling that Vanguard is doing a great marketing campaign.   
+There are some nice advantages of iShares ETFs (lower ter, Amsterdam exchange (for Dutch investors),  bigger size, older) but still everyone is mentioning mostly VWCE.
+So anyone else here barely seeing a drop in houses prices if any drop at all? Not only that, every house I'm interested in is still selling within a week of getting posted. Hearing all this news of horrible auction clearance rates and people not interested yet I'm seeing quite the contrary. Maybe it's just my area and surroundings?
+Ok, so I want to get into trading as I've been stalking this trader for a while now on social media and honestly it seems too good to be true.
+
+I've done intensive research into his life but I can't quite see why or how he is making so much money... let's start with the basics, he grew up in a city 30mins away from me, he failed school dropped out and apparently started trading at an early age of around 18. Heres where it gets weird: him and 2 of his (what seems like) childhood friends created and owns a company, let's call it "GO-forex" and the company seems to be a signal giving forex company (I'm not sure how it all works) but apparently he sends messages to other forex trades when to make trades. Apparently he does this for free as he gets paid by "another company" to do this as his job. 
+
+What's sketchy is the way he recruits people and how the business model works, basically when I asked if I could work for him he said "you need more followers" on Instagram. I looked at his workers, a group of 10-15 people and they all had 5k+ followers on Instagram an continuously keep posting things like motivation, why forex is the best, flexing and importantly, telling people to get on this free forex signals thing. That's how I found out about him, a mutual friend was working for him promoting forex lifestyl and that but suddenly left and became a mechanic... what's also sketchy is that he keeps saying "minimum £300 is what the broker will take for you to start and you can withdraw money at any time" I know a broker gets commission and stuff but whats going on here? He posts daily messages he gets from his customers making £90 or £120 and them thanking him, and his always like "join now!!!". I think the app he uses is metatrader and he always flexes when he makes a lot of pips, making anywhere between £1000 to £7000 profit per day.
+
+He is also constantly promoting his masterclass and shows that he is into real estate investing too. I really have no clue what is going on with this, what's the business model? Does he make more money off the company or trading himself? Is he faking it till he makes it? Is he secretly the broker? Is he stealing his customers money and using it for his own trades? Why does he want to give people signals? Why is his business so reliant on social media? Is he a fraud?
+
+I have too many questions but not any answers. He is living the life I always wanted yet he looks like he hasn't worked hard or isn't that smart....
+Is anyone actually earning enough from swing trading to treat it as a job?
+
+If so, what is your "effective salary"?
+
+I'm making a fairly high wage as a software developer, and I've always been interested in the stock market. I was thinking about trying out swing trading for a year, but I'm not sure that anyone actually makes enough doing this full-time.
+I have been trading with real money very profitable for a few month now and I follow a strict strategy. I noticed that my profits and (this is the important part) my losses always come in streaks, so I have many trades in a row that go to tp and then many trades that end up in sl in a row. How do you deal with this kind of pattern? Should I just close all my trades when I see some trades going to stoploss? Or is there some kind of tool which would help me find the sweet spot of seeing a loss streak coming?
+Bit of a rant, why is England’s process of buying a house so broken, we have just lost our 3rd attempt at buying a property.
+
+After 2 months of going through the motions of searches and questions our solicitors got a letter saying the vendor is no longer going ahead with the sale, that’s it. No consequence, We get nothing back from the money and time we have laid out for it.
+
+This is now the 3rd time, the 1st 2 where due to problem that showed up in the report and stubborn/ underhand vendors that we didn’t find out until at least a month in and £600 on a building survey.
+
+So far this process taken 18 months and cost nearly £2000 with nothing to show. Next lot of search we need to pay for again (buy one get one free basically) we have paid our broker already, but we have to spend another £800-£1000 on more searches on the next house, my credit score has taken an absolute hammering with 3 mortgage application in 12 months. The system is so broken it depressing.
+
+EDIT - Spelling, Grammar and formatting.
+I’ve read conflicting views on whether one should have an emergency fund (3-6 months on expenses) or just throw money into index funds of stocks/bonds because having money just sit in the bank is wasteful. What do you guys think?
+
+I’m currently a college student if that matters.
+**So about Velorex (and the ATM machines):**
+
+​
+
+Velorex is have solved the problem of the unbanked countries, countries that are having problems with crypto regulations, and all countries in general because their idea is ground-breaking, by putting crypto ATMS out there, worldwide, trading at least the top 20 cryptocurrencies directly from and into Fiat currencies.
+
+​
+
+That means, in other words, that you will be able to withdraw/deposit fiat with the ATMS through automatic transactions via Velorex, so Velorex token will just keep going up no matter what due to the daily volume from transactions and the deflationary nature of the token.
+
+​
+
+Usually the best crypto ATMS in the world right now are trading max 6-7 tokens, so this is tremendous, being able to trade top 20 cryptocurrencies minimum.
+
+​
+
+​
+
+**Why do I trust this team?:**
+
+​
+
+The core team includes 3 members who's names and faces are available on the website with their linked-in profiles, and so far they have done everything in their power to gain community's trust. The rest of the team have been nice and trustworthy so far as well.
+
+​
+
+The owner Todd, has a linked-in account here : [https://www.linkedin.com/in/todd-taylor-5739b4215/](https://www.linkedin.com/in/todd-taylor-5739b4215/)
+
+​
+
+​
+
+**So how can you actually make a million?:**
+
+​
+
+Current marketcap is insanely low for this type of token sitting around $1m at the time I am posting this, with tokenomics being 10% tax total (6% long-term funding, 2% redistribution, 2% burn). It has an initial supply of 500m and by what the devs are saying, their plan is to reach around 175m supply.
+
+​
+
+I have a position of $x,xxx and I expect a minimum return of around 290-320x before I will be pulling profits. I expect this to happen within 1 year of the release of the ATM machines. Many countries are beginning to legalise cryptocurrencies and I can see an extreme demand for Crypto ATM machines coming in the near future.
+
+​
+
+​
+
+**What else do I need to know and where can I do my own DD?:**
+
+​
+
+I would recommend speaking on the voice channel with the lead developer / owner Todd - or you can contact any of the team like John etc who will be able to answer any questions you need. I always keep the Telegram channel open so I will provide that below along with their website.
+
+Telegram: [https://t.me/velorex\_net](https://t.me/velorex_net)
+
+Website: [https://velorex.net](https://velorex.net)
+I think it’s very near go time. RC going grayscale, reverse repo over 1 trillion, record low volume under 1 million, the ‘Oh my god, they’ve killed Kenny tweet’, CNBC taking a swing at Gary Gensler over dark pools, the 7:41-7:53 theory, the new distribution locations, debt paid, the rumored NFT dividend. I’ve never felt so much confirmation bias all at one time. 
+
+It’s just a ton going on at once and it looks a lot like HFs are losing control of the situation. Hopefully I’m right and we take flight in the upcoming days or weeks. See all you fookin’ silverbacks on the other side. 🦍🚀👨🏻‍🚀
+He's been talking about it for months on twitter spaces. Look up @ JasonPLowery on twitter to find his account. When looking up his background information, everything looks legit. This is probably what Biden's advisor meant when he said that his administration was mining Bitcoin, because from what I've heard this kid say in those twitter spaces, the stuff he's trying to do for them would involve mining and much more. His plan is to make Bitcoin the GPS and Atomic Clock of digital information, a solid accurate ledger to store important information away from things like internet rot or wiki edits.
+
+For those who don't know, our current internet is rotting away. When you search on google, it claims to have billions of results for any subject, but when you search through those subject's results and actually dig through the pages, you only get on average around 350 to 470 links.
+
+The other billions? They've been lost to internet rot, the result of links being lost or destroyed from things like servers going offline, losing the data of billions of results per search, the loss of things you used to be able to find online but can no longer locate.
+
+This apparently is a problem for the government as a lot of those lost links were links used in actual court cases, leading to digital evidence being lost that in some cases have been used to set legal precedents. There's a lot more to what he's doing for the military via the usage of Bitcoin's immutable ledger, but this is what I can remember off the top of my head.
+
+Hopefully he can set up an AMA with the mods one day. I bet this community would be very interested in hearing what he has to say in regards of what he's doing with using Bitcoin's immutable blockchain on the most powerful computer network on earth for the Space Force and the Defense Department's needs.
+
+​
+
+An article of his:
+
+[https://tftc.io/martys-bent/issue-1053/](https://tftc.io/martys-bent/issue-1053/)
+
+First paragraph:
+
+*War is the globally adopted Proof-of-Work social consensus protocol that nodes (countries) use to validate the legitimate state of property and its chain of custody. Militaries project force across time (i.e. energy) in a fundamental game of probability to trigger a capitulation event. This is functionally identical to Bitcoin PoW miners projecting energy to probabilistically trigger the end of each block.*
+
+​
+
+Find crediy u/EATYOFACE
+
+A graphic he drew on paper to explain his thesis:
+
+https://preview.redd.it/ibi555oxgg481.jpg?width=3024&format=pjpg&auto=webp&s=55be23654b14ba9a28b2160f041d7f39a24efc45
+
+Here's Jason's first interview ever on all this, on Anthony Pompliano's show this morning: [https://youtu.be/dqt23rVxmpY?t=3565](https://youtu.be/dqt23rVxmpY?t=3565) 
+
+It's time stamped to start at the point of the interview. But if the time stamp doesn't work, then jump to 59:24
+This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics.
+
+**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it.
+
+# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements)
+
+* Make sure to check the Announcements regularly. Large updates will be made as posts using the [**Red Seal of Stonkiness**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22) or [**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22) flair, but smaller updates will be listed in the Announcements.
+
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+
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+
+# important links
+
+[**SuperstonkBot is now live for anonymous posting**](https://www.reddit.com/r/Superstonk/comments/mtc3rb/superstonkbot_is_live_whistleblowers_welcome/) (with review)
+
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+
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+
+*Daily discussion threads are created at 4:00 a.m. EDT*
+Hi everyone
+
+The US still seems to be the best place to fatfire in and has opportunities like no other country. Of course, there are downsides like healthcare costs, expensive education, rising COL and a medium - high tax burden depending on the income. I'm wondering if it is still recommended to go the US for fatfire purposes or if other wealthy countries offer the same degree of fatfire possibilities.
+
+Did any of you guys move from a wealthy country such as Switzerland, Sweden, Norway or Australia to the US? How did it go? 
+
+I'm finishing up my degree soon in Switzerland (which is almost free thanks to the more socialist government) and am considering moving to the US in a couple of years with no debt and ready to rock!
+
+However, Switzerland still has the highest average wealth per adult worldwide and factors like low taxes, high salaries (particularly in my field, finance) and fantastic QoL makes it hard to leave. I believe that the US tends to be more "new" money whereas in Europe, "old" / inherited money seems to be the primary reason for still being ranked at the top of the wealth list. What is your experience? Thanks for sharing.
+I failed a lot while trading before, during, and after succeeding. I haven’t counted it up, but it’s likely I encountered losses in excess of $150,000 from making mistakes that were easily avoided, rash decisions, and not giving myself enough time to test out strategies. Net net, I’m up $500,000, but I was asked to share some of what worked for me over IM quite a bit after my last post and figured I’d lay it for others who may not want to waste money learning the hard way, as I did. 
+
+These are tactics and strategies that worked for me and my situation - someone trying to increase net worth, not increase income - and they may not be suitable for everyone.
+
+**Understand the Trading Environment**
+
+One mistake I made more than a few times was not understanding or paying attention to the trading environment I was in before picking out a strategy. What do I mean? I need to know where things are in the year, in relation to earnings season, and in relation to sector rotations. I need to pay attention to the macroeconomic indicators and I need to watch the VIX.
+
+**Mind the Gap Between Earnings Seasons**. I can’t stress this enough. When earnings are strong and earnings data is coming in, investors watch those like hawks. Good earnings reports bring confidence to the market which yields a rising market. 
+
+In between earnings seasons, there is less data from companies to review and investors pay closer attention to macroeconomic indicators like inflation, 10-year bond yields, and what the Fed is doing. This makes for a much jumpier market that’s more likely to pull back.  It’s also a time when the large asset managers rebalance their portfolios. They manage billions, so this can cause large movements to stocks and indexes as they shift to be overweight in one asset class (e.g. value stocks, energy) and underweight in other asset classes (e.g. growth stocks, technology).
+
+I try not to get caught by these patterns. I anticipate they are coming and invest accordingly. Simply put, I buy the pullback after the rotations have occurred and before earnings seasons begin as a general rule. Of course, I don’t do this if I expect a terrible earnings season. 
+
+**Take Advantage of Sector Rotations**
+
+The sector rotations are pretty predictable if you track the performance of the different sectors over the year. I do this by plotting sector ETFs on a graph and noting when one begins to gain that was flat while others that were up a lot begin to flatten or pull back. Professional investors tend to sell off sectors that have been hot the last quarter or two and replace them with underperforming sectors that represent a better value or opportunity for upside. If I run the P/E ratios for the sector ETFs, I can get a quick sense of the sectors that have had a hot run up over 30 P/E vs other sectors that are more modestly valued. Just keep in mind that certain sectors, like Tech, will always be valued more richly given their growth. So looking at P/E ratios is not apples to apples - it’s just a way to note if historically that sector is at the high end of its own typical valuation range.
+
+Last year’s worst performing sector tends to be one of the best performing sectors the following year. This is because investors prefer to buy low and sell high. I don’t bet against this trend, it’s been around longer than I have and will continue to be around long after I’m dirt. 
+
+Last year you couldn’t give away a barrel of oil. Last week, oil reached $80 a barrel. 
+
+One of my favorite options strategies is to buy long dated calls at the money for sector ETFs that underperformed the previous year. I buy calls with expirations in 6-9 months, knowing that I will sell at my exit point which for me is a 100% gain. Sometimes this happens 6 weeks into the year; other times it takes 9 months. So long as I don’t overpay for the options, it works. I don’t like to pay more than the average price return of the sector. For example, if the sector ETF averages a 10% annual return and the ETF price is $100, I’m not going to buy a call for more than $10. That way, if the sector only moves 5%, I can still make money provided the price increase moves quickly enough.
+
+**Make The VIX Your Friend**
+
+The VIX is an easy way to gauge fear in the marketplace and is a hedge used widely against market pullbacks. If the VIX goes up, the market is worried. If it goes down, the market is getting bullish. If it stays up, everyone is on edge. It’s hard to make good trades in an environment where everyone is on edge and ready to hit the sell button. So be careful buying during times when the VIX is high. On the flip side, if the market has pulled back and the VIX starts to retreat away from its highs, that makes for a good entry point. 
+
+Another interesting phenomenon is when the VIX is higher than normal, there tends to be a selloff the Friday before a long weekend. This happens because investors don’t want to sit through a long weekend that might hold worse news out of fear they will start their Tuesday with losses piling up. I’ve found this is a nice time to get some discounts at the end of the day Friday, or to run some weekly puts on Thursday afternoon before the dips. 
+
+**Selecting Trades & Investments**
+
+**Have an Allocation Plan**
+
+The first thing I recommend is determining, in advance, the amount of money you want to invest longer term vs the amount you want to invest short term vs the amount of money you might actually need to have available for life emergencies. Anything shorter term is higher risk, higher reward. I break my portfolio in the following buckets:
+
+* 25% long-term market investment using equity ETFs that largely track the SPX or do a breakdown between bonds and the market. I use Vanguard funds and a small cap value fund called CALF. I will not touch this money for 15+ years.
+* 25% cash. I like to be ready to buy the dips and have enough to spare. This way if a black swan event happens, I not only have money to invest, I have money to live on should things go bad for a while. This philosophy enabled me to buy options when COVID hit in 2020 without worrying if I could continue paying a mortgage for a year without a job. It’s also very useful if I have to roll covered calls to offset taxes and buy back expensive positions. I took this from Buffet FWIW.
+* 30% options, mostly in tax advantaged accounts (IRAs). I aim for a 50% annual return overall with this portfolio, though it fluctuates a lot year to year.
+* 10% long term blue chips stocks like Visa, Apple, MSFT, etc. I defend these positions when the stocks get overheated by selling calls on them and/or buying puts out of the money that expire after a typical sector rotation would occur. That can generate some additional income or help lessen the sting if the stock falls. 
+* 6% long-term bets in a Roth IRA. These are equities I think all have a chance at a 10X return but that will take 5-10 years. It’s a lot of IPOs, small tech companies, and biotechs. I have to stomach pullbacks in this portfolio of 40-50% on the belief that a few of the 30 in here will more than compensate for it. This is a new strategy for me so I’ll let you know in 10 years if it works.
+* 3% leveraged hedges.These are puts on my own positions, stocks, or the market at large. Generally I use VIX calls, buy puts, occasionally buy calls on the SPXS, and run strangles on investments (betting both up and down on the same stock using calls and puts).  
+* 1% in other things I can’t mention due to the bots in here but they rhyme with tiptoe.
+
+**Use Technologies to Find Ideas**
+
+Unless you want to spend 8 hours a day reading news or are OK getting all your ideas from meme stocks and friends, you need to use tools to help you locate investment/trade ideas and be willing to pay for them. I value my time and am willing to pay .5% of my portfolio a year if it saves me time, and more if it generates higher returns. 
+
+I’ve tried about a dozen or so services, including stock picking services like Fool and Investorsplace. Ultimately I decided the stock picking sites were not working for me because I did not want to wait 5 years to find out if they were the right recommendations and lost a lot of money learning that lesson on their pump and dumps. So I switched to analytics tools and my Fidelity platform. 
+
+My favorite tools to use are Zack’s VGM score, Levelfields, and Fidelity. The Zack’s VGM measures a stock’s value, growth rate, and momentum. It’s an easy screen I can run off the basic level subscription to get a list of companies to look at. The caveat is that you need to run this screen often because sometimes the companies on the list get stale and have already moved 99% of the way they are going to move. So you need to keep an eye on what’s new to the list to avoid losing money. That part is crucial. 
+
+The list usually represents companies that are well valued and poised to move up over the next 6-9 months. Warning: they can move very slowly so be patient and set your target exit to automatically exit. I use Fidelity to do my own due diligence on the stocks from there, examining their actual growth and earnings rates and ensuring there is no negative news against them which could drive down the price.
+
+A friend recently turned me on to an AI tool called Levelfields. They have a lot of news alerts but only for the types of events that matter and are organized thematically. It helps me find trades on news events with high returns or get in early on the small to mid-cap companies you don’t usually hear about which fall between the cracks in the penny stock discussions and cnbc favorites. They often send alerts on company events before there’s any news out, which is really helpful. The interface shows you how stocks perform when these events happen, so it’s easy to figure out my entry and exit points and statistical likelihood of success.   
+I use it a lot for pinpointing entry/exit points from options trades and have bought stock in a few companies I hadn’t ever heard of before that were absolutely crushing it on revenue and earnings. Not sure why, but they never came up in any of my Fidelity stock screens. I suspect it’s because there’s a lag in the data Fidelity is getting from S&P but haven’t confirmed this. They send a lot of high quality alerts and my only wish is that they’d have a better way to rank the stocks in the alerts so I didn’t have to look up the stocks on Fidelity.
+
+I use Fidelity for basic news reading, running stock screens for high growth stocks at decent valuations, looking deeply at the history of earnings results, actually trading options, and for their options scanner which tracks abnormal option activity.  I sell puts when I see abnormal call volume and run strangles if the stock is at a mid-point in its 52-week price range in case it shoots up and then down. I always set an automated exit.
+
+Fidelity also has a cool probability calculator for options I use when selling puts. It tells you the probability of a stock falling below a certain range. I use that number to determine where to sell puts without a lot of risk. I do two standard deviations out and still buy a put with a lower strike price as insurance and sell weekly puts on high vol companies like GME and TSLA. My typical goal is to make 800 a week from these plays which I use to fund new call positions.
+
+**Be Wary of Analyst Opinions**
+
+If you’ve invested actively for a while, you’ve likely noticed a peculiar trend: as a stock is cratering, analysts are increasing their target purchase price on it. This is not for your benefit. Brokerages often make investment recommendations based on the research provided by their analysts, so there is inherent bias in the system. 
+
+I’ve also found that few analysts recommend sell ratings. They are much more likely to issue calls to buy stocks. One study found less than 1% issued sell recommendations. What’s more, the track records of these analysts are usually about the same as coin flipping. CNBC has gotten very into pushing analyst views from big name firms (e.g. “Goldman Sachs says these 3 stocks are ready to explode”), but if you look at the actual analyst behind the headline, they are often inexperienced or wrong more than right. 
+
+I am embarrassed to say I lost a lot of money listening to analyst opinions and believing their price targets were rooted in reality. It’s easy to get caught up in the excitement of an upgrade and if 4 analysts are all touting the stock at the same time it can create a bit of a ponzi effect, which is tradable. But it boils down to needing to do your own research.
+
+**Good Things Come in Pairs**
+
+Just about every stock has a peer or competitor. Most have several. I stopped trying to pick the winner and now place bets on multiple leaders. I’ve owned Visa and Mastercard. I own OLO and TOST. I have a handful of, um, herbal medicine providers. I like ETSY and AMZN. If you bet on a small group of competitors, it’s likely one will pull ahead and your odds of success will increase substantially. 
+
+Similarly, it enables you to monitor the news of competitors which many investors use as a proxy. What do I mean? If Mastercard reports low cross border transactions, it’s highly probable Visa will be experiencing the same thing. So you can use the information from Mastercard to alter your position on Visa.
+
+**Exercise Financial Discipline**
+
+Even when I’ve been successful picking investments, I’ve run into problems with how to handle my successes. We’ve all experienced the thrill of being up huge and wondering how much higher it will go. That’s usually the moment I’ve learned I should be taking some gains. A few rules I try hard to follow but still screw up:
+
+1. Take Profits Often.   
+When an option or stock hits 100% return, I look to take some profit. It may not seem possible if you only bought 1 call, but it is. Just roll the call to a higher strike price and ensure the credit to your account equals your original investment plus substantial return. You can let the new call ride in case the stock gets going up. This ensures you cannot lose money. My rationale here is simple: at a 100% gain, I now have more to lose than I have to gain. You will be surprised how much this adds up when you trade often and how often you can be up 150% then down to -50% on the same positions, which makes me want to break things.  
+If you find yourself up huge on an equity investment, switch to options. I did this for my BABA position and it saved me. When it hit 300, I was up 200%. I sold all the stock and bought options for the same number of shares. I had about 60K in stock and switched to something like 6K in options. When BABA crashed down to 150 I really didn’t care much. I was only down 4.5K instead of 30K. I had my profit of 40K locked in, so being down 4.5K was no big deal.  
+
+2. Fail Fast.   
+If the option price sinks to -50% in value, it’s likely time to call it quits unless you have a solid reason not to (praying is not a strategy). The other half of the value left can easily be eaten up by the time decay in the value of the option as I wait for the turnaround and it gets closer to the expiration date. If there’s negative news driving this, I’m out. I want to fail quickly. That allows me time to take the remaining 50% and generate gains with it on a better investment. I think this is the hardest rule for me to stick to as I tend to be an optimist.  
+
+3. Profit Both Ways.   
+If a stock I hold hits an all-time high in price or valuation, I look for a way to profit from the downside by selling covered calls or buying cheap puts. This enables you to stash some cash while riding the volatility wave. I hold Visa and when it hit 235 headed into earnings, I sold 3 calls and bought 10 puts. This offset a paper loss for me of \~20K yesterday alone by 7.5K in gains, which I secured as real profits. Assuming Visa will recover, that 7K adds 9% to this year’s returns for Visa.  
+
+4. Be Patient but Not Greedy.   
+I have learned the hard way from selling positions days before they pop that it can take a while before the market catches on to my investment idea, especially if using good tools. Asset managers, wealth managers, and passive investors are usually looking for new investments every 3 months, not daily, so stocks can stay stuck in a channel for some time before the world catches on to its awesomeness. Example, I held Upstart from April to August this year and sold it because it was running flat. A couple weeks later the stock tripled. FML were the only words I could think of at the time. The second thought I had was that I should’ve bought just one call option to replace the stock I sold.  
+On the flip side, once a stock does move a lot higher, don’t be greedy. What goes up fast can come down just as fast. I feel a lot worse watching a stock/option go up 200% then come down all the way or more than I do exiting with a 100% gain watching the stock go up more. Don’t chase the perfect trade. It’s a white whale. Just make money.  
+
+5. Everyone Has a Plan Until You Get Punched in the Mouth.   
+This is as true in boxing (thanks Mike) as it is investing. That’s why it’s essential to have a plan A and a plan B should plan A not work out as you thought. Waiting through it can work, but it isn’t a very effective strategy for navigating a changing environment.   
+So if my thesis is that the stock will do well with rising COVID rates and COVID rates stop rising, I try to have plan B ready. I keep a lot of notes. I track every trade. I review what went wrong with trades quarterly. I learn. I avoid the pity party as much as possible and drink vodka for the rest. I try not to fall in love with any stock. And I know that even if I lose 100K, there’s more money to be made in the coming years and decades if I stick it out.
+I wondered if other money-conscious people on here might have the same problem. I tend to live my life trying to avoid spending money as much as possible to the point where I can feel it possibly becoming an issue with my relationships and general ability to live life.
+
+For example, I can afford a new or used car, but I choose to borrow my family car. This is usually convenient for all involved but sometimes it means I am a bit limited in what I can do and how long I can borrow it so my habits become restrained by the short time periods where I'll have access to it, and I almost never consider going on weekend trips away since it would mean I'm depriving someone else of the car for long periods of time.
+
+My friends are all aware of my desire to save money and so I'm able to have good relationships with them and stick to very routine and predictable habits where I know how much I'll spend and can always turn down the occasional event which is outside my comfortable price range.
+
+But in my romantic relationships I often find myself getting anxious with my partner if their spending behaviour is more frequent/higher than mine. Or if they tend to enjoy doing more activities than me. Mentally I think that $0 is the ideal amount to spend and so any activity can breach that threshold.  
+
+
+Tl;DR
+
+Essentially, I want to know if people have tips/perspectives/mindset changes which allows them to live life without the constant worry that you could've saved that dollar. It might be easy to just say "Budget", but I am hoping for more in depth experiences to gain insight from.
+https://www.news.com.au/finance/real-estate/buying/australian-real-estate-house-prices-to-drop-by-as-much-as-15-in-next-18-months/news-story/96163e77b625161fd4281d16bd5b8eee
+ **You taught me the power of complaining.**
+
+Long story short, got a mortgage with Bank of Melbourne just over 12 months ago. 
+
+As a result of being the only bank that would lend to me for the amount I wanted, I was given a chunky interest rate of 5.14% (investment loan, interest only).
+
+After deciding I wanted to move to principal and interest, I decided to look around, only for me to realise that while I knew I was on a pretty piss-poor rate, it was significantly worse than what I thought it would be. So what did I do?
+
+**I went to my local branch and asked for a better rate.** *They came back and told me that ‘they fought as hard as they could’, but the best they could do was 5.02%.*
+
+**I went to a mortgage broker.** *They told me that no bank would take on my loan in my current position - according to ABC, I fit the definition of a ‘mortgage prisoner’.*
+
+**So then I called the bank up myself.** 
+
+Knowing the reality was that I couldn’t refinance anywhere, I still told them that I was aware of significantly better deals elsewhere. ME Bank at 4.19% was the most attractive (even though I knew I would never actually meet the requirements of this rate if I applied).
+
+**They IMMEDIATELY offered me 4.73%**, *to which I said I’d think about it.* 
+
+**Less than 24 hours later they call me back offering 4.28%.**
+
+This isn’t the greatest rate in the world, but in my position (HECs debt, low salary, parent guarantor), it's far better than anything else out there. More importantly, being able to reduce it so significantly has given me a huge sense of relief. I finally feel like things are under control and I'm being as smart as possible with my money in my position.
+
+So thank you for the users here last week who told me to call up and complain myself.
+
+It’s a valuable lesson that I won’t forget.
+
+If you’re in a similar position, don’t underestimate how much you can get done yourself by being vocal about your dissatisfaction. 
+
+According to wikipedia https://en.wikipedia.org/wiki/List_of_public_corporations_by_market_capitalization
+
+Pretty incredible to stay so incredibly relevant over such a long period of time.
+I consider myself an extremely low maintenance woman in that I feel like I spend very little on beauty products and treatments.
+
+One day, I decided to make a spreadsheet to see just how much I spend on beauty in a year, thinking it be an interesting experiment.  I was surprised to discover I spend around $1,200 a year, and I purchase far fewer products and services than most of my friends.    I asked my friend Kelly to fill in a column on the spreadsheet for herself, and her total for the year was over $5,000.   She was shocked.   And this spreadsheet does not even take into account clothing and shoes on which many of us overspend.   Any woman who purchases all of her cosmetics at the beauty counter of a high end store like Norstrom and regularly visits a fancy spa would likely spend much more.  
+
+I feel that women are conditioned to think that our appearance is so important, we need to spend thousands of dollars a year to look presentable.   Of course, we all have our indulgences and hobbies, but for women who are struggling to make ends meet or want to save more for their future, I would highly suggest paying close attention to your beauty spending.   It’s items that we generally don’t buy all at once, and we tend not to pay attention to a few dollars here and there, but over the year, these things can really add up.   I do feel like men have such an advantage over us, as few feel the need to spend large amounts of time and money trying to change their appearance.    I don’t know any men who have spent $700 on a hair straightener. 
+
+I have attached a screenshot of my spreadsheet for anyone who is interested.  My price ranges may not be accurate - I used quick searches on Amazon and Google to come up with the prices, and they are in Canadian dollars.   I also didn’t factor in that most women have far more than one lipstick or eyeshadow or nail polish colour, etc.  EDIT:   It appears I can’t attach the spreadsheet.   Sorry.   Edit 2: https://i.imgur.com/fHLd2PF.jpg
+
+I certainly don’t mean to offend anyone who enjoys beauty services and products, but I just think it’s something we don’t really think about when talking about our finances and it can certainly have an impact on your monthly budget.
+
+FINAL EDIT:  Well, I’m delighted to see the discussion that my random thoughts instigated yesterday.  It appears I have found my people, and my cheapskate ways are not unique.
+
+It appears many people are not seeing the very right-hand column of my spreadsheet which showed my actual spend.  No Botox or teeth whitening for me.
+I recently turned 34, am single, do not have any kids, and serve in the US military. While I consider myself financially responsible since an early age, I did not discover FIRE until COVID began. I didn't get serious with FIRE until 2020. Now that I am serious, I am leaning hard into the lifestyle. I have changed MANY of my bad splurging habits and investing significantly more. 
+
+I started my career debt-free because the military paid for my associates when I was enlisted, paid for my bachelors to commission, and recently just paid for my masters as a full-time student. This helped catapult me into a saving/investing which was exacerbated by a $11k inheritance at 18 years old. Yea, totally a trust-fund baby :) jk (RIP Grammy). But seriously, it helped a lot. I am and have always been an index fund investor with a few individual stocks (currently 10).
+
+90% of my money is parked between S&P, Nasdaq, and small-cap funds. I also do not believe in debt, so all major purchases besides my home was with cash (credit card; then paid off EOM). My emergency fund was always a few months salary.
+
+Current breakdown:
+
+* TSP: $204K (S&P/small-cap funds)
+* Roth: $160K (VOO/QQQ/SCHA)
+* Taxable brokerage: $407K (Mostly VOO/QQQ|10 recovery stocks)
+* Checking: $25k (emergency fund)
+* Yearly salary: $135K | Yearly expenses: $48k.
+
+For starters - at 18 when I inherited that $11k -- I invested it all into APPL, MSFT, HD, and MO (important later). I opened a brokerage account at the direction and help of my father. He was a major influence in my financial behavior from a young age. I invested in what I knew and after that I did not really invest any money until I graduated with my bachelors about 6 years later. I was young and either deploying \[then blowing my money when I got home\], or just enjoying the college experience. Honestly, I would not change anything because I was losing friends left and right during that period and that set a tone for me for the rest of my life. I wanted to find a happy medium between saving/investing and living. One thing I am constantly reminded of in my career is -- the only thing guaranteed in life, is death. I think the FIRE community often overlooks this. Just to be clear, I have never lived paycheck-to-paycheck, always kept an emergency fund and never dipped into that.
+
+2011-2015: Ok, so I graduated undergrad and got serious. I was making $65k-$85k during my early years. Deployments always skew results because of tax-free money. Also, since a portion of military pay is not taxed, we "make more" or so it feels. My mentality once I graduated was to max my TSP (401k) and Roth. I stuck to this. Remember how I said I wanted a happy medium? Well, my thought process was max both vehicles and spend the rest - toys, travel, experiences. I did just that. Do I regret it now? No. I knew what I was doing. Could I have invested more? Yes. Oh well, I digress. Furthermore, since my account met the threshold, I hired a broker to manage my money - another mistake I do not recommend. The USAA broker sucked and their mutual funds generally sucked. It was a waste of money. Also, took me two years of investing into my TSP to realize that the money was just going into a bond fund. I switched the allocation to the S&P fund immediately. OUCH!
+
+2016-2020: Sticking true to my happy medium, I continued to max my TSP and Roth -- and spend the rest. I bought my first home in 2016 (basically zero money down because VA loan) and had grand plans to rent it when I moved duty stations. I also fired my broker in 2017 and took over. I liquidated everything in my Roth and moved it to S&P and Nasdaq funds. My salary continued to increase as well so that meant more spending. Ok, I do regret some of my excess spending these years - primarily the sports car. I was making $85k-$115k during this timeframe. I made a fatal mistake during 2017-2018. I sold most of my APPL, MSFT, HD, MO. Yup - BIG MISTAKE. Do not do it. I sold stocks to take a profit and purchase that car with cash. I also rotated some of the money into some other tech stocks. I discovered FIRE during 2020 as well which made me constantly look back at this and get mad.  I bought as much as I could afford during the COVID dip. Buffet engrained in me that the market was on sale so I took his advice.
+
+2021: Not only discovered FIRE, but discovered Reddit and actively listen. Thank you! My salary increased now to $135k. I sold my car that I purchased in 2018 because of the used car market and I had my fun with it. It's also important to note that I always lease my daily driver because I deploy a lot and am able to break the lease no questions asked. Ok, so technically I am carrying some debt here but it seems to be more efficient than letting a car sit and depreciate. I am basically renting a new car to drive for 12-18 months. Never put any money down, though. Also, decided to take advantage of my primary home and sell it during this market since I had to move to a place I can only rent at. House value doubled in five years. I plan to buy a multi-family home at my next duty station and hack it. Unless I settle down. Then I'll have to buy a SFH with my VA loan and then buy a duplex with a conventional loan. A boy can dream!
+
+Portfolio (EOY totals):
+
+* 2012: $34,568
+* 2013: $54,492
+* 2014: $64,411
+* 2015: $83,634
+* 2016: $114,293
+* 2017: $159,132
+* 2018: $214,721
+* 2019: $294,886
+* 2020: $401,882
+* 2021: $771,010 (current)
+
+In sum - Avoid bad debt. Save/invest early and often. Find a balance between health, wealth, and happiness. Buy and hold. More specifically, never sell an asset just to purchase a liability. If you cannot save for it and budget, you don't deserve it (blunt). Buy more when the market corrects/dips. Do not hire a broker. Invest in index funds that match the market. Make sure your 401k etc. is not being invested into a bonds/MMA. Be proactive with it. Spread financial literacy wherever possible.
+
+Clearly, my situation is different because I do not have kids and have medical. Thanks for tuning in. Hope some of my stupidity helps you.
+I downloaded the coinmarketcap.com data for the top 100 cryptocurrencies as of a couple hours ago ([source](https://coinmarketcap.com/all/views/all/)) and did some charts of which coins gained the most in the last 7 days. Note: These are not weighted averages but I doubt that makes any difference.
+
+[Top 100 CMC coins by price](https://i.imgur.com/rjW9rTl.png)  
+Here we're sorting by price-per-coin from the most expensive coins (BTC, BCH, DASH, ETH) to the least expensive (KIN, XP, BCN, DOGE). There's a pretty clear trend here that the expensive coins are up a little bit, but the cheaper the coin is the more likely it is to be up a huge amount.
+
+[Top 100 CMC coins by circulating supply](https://i.imgur.com/aha3LX3.png)  
+This is sorted by the total number of coins in circulating supply, from fewest (GBYTE, GNO, BTCD, DGD) to the most (KIN, XP, BCN, DOGE). There's an even clearer trend here that the coins with smaller total supplies are up a little bit, but the more coins circulating the more likely that coin is to be up by a lot.
+
+[Top 100 CMC coins by market cap](https://i.imgur.com/PXMjTeM.png)  
+This is the top 100 coins by the value of their total market capitalization from lowest (WTC, POE, BLOCK, ITC) to highest (BTC, XRP, ETH, BCH). This time there's basically no trend. The coins with the highest market caps are up just about as much as the lowest market cap coins, and it's fairly random inbetween.
+
+I'm neither a statistician nor a market analyst but this looks like pure market irrationality to me. The best recent predictor here for market performance of a coin is simply the size of its circulating supply, which is essentially a meaningless decision about where to put a decimal place. Satoshi could have just as easily capped bitcoin at 21 billion coins instead of 21 million, and maybe if he did the BTC market cap would be much higher because people would perceive it as "seeming cheap".
+
+We're in a bull market and nearly everything has been up, so there's a lot of FOMO and throwing money at anything that moves. If this was the stock market I would knowingly tap the side of my monocle and say "Oh ho, fundamental valuations will catch up to you in the end, and then you'll be sorry you didn't do your due dilligence." In crypto, however, I've seen little evidence so far that fundamental valuation ever catches up to anybody.
+
+Convince me I’m wrong… 
+
+People have been able to borrow larger amounts of money in the last couple of years and therefore will pay more for property. This has pushed prices up. 
+
+As interest rates rise and people can borrow less this will drag prices down. 
+
+It doesn’t matter that people with existing mortgages have capacity to cover increased payments due to higher interest rates. This is irrelevant.
+This is a long article, but I have attached a PDF for convenience, Elsevier's SSRN doesn't like my sci-hub references, so I guess this one has to go on Substack/GitHub. 
+
+Providing an excerpt form this post - [https://theparlour.substack.com/p/history-of-machine-learning-in-finance](https://theparlour.substack.com/p/history-of-machine-learning-in-finance)
+
+In 1966 Joseph Gal in the Financial Analyst Journal wrote that ‘’It will soon be possible for portfolio managers and financial analysts to use a high-speed computer with the ease of the desk calculator’’\[1\]. Today, machine learning code has been streamlined; in less than 10-lines of code, you can create a close to state-of-the-art machine learning option pricing model with free online computing power. This is reminiscent of the 1970s, where not long after the creation of the Chicago Board Options Exchange, Black-Scholes option values could be easily calculated on a handheld calculator. We are not there yet, but it is in within reach. This article seeks to understand the use and the development of what we now refer to as machine learning throughout the history of finance and economics. 
+
+In this article, we will discover the development of linear regressions and correlation coefficients, and the use of least squared methods in astronomy for predicting orbital movements. Although the method of least squares had its start in astronomy, the discipline has since moved on to more fundamental equations that underpin planetary movements. Modern astronomers do not just take raw statistical readings from their telescope to throw into the hopper of a correlation machine as we now do in social sciences. Finance and economic practitioners have tried to model some of these fundamental equations with theoretical foundations, but so far, they produce lacklustre prediction performance. So far, the weight of evidence is that a hodgepodge of correlations is the best prediction machines in disciplines that have some human behavioural component.
+
+...
+
+The mid-to-late 1980s was the first-time advanced machine learning methods had been used in the industry. This movement started because of traders like Edward Thorp, and Richard Dennis showed remarkable success by combining technical trading methods with statistics. Soon enough, labs like the Morgan Stanley ATP group started with people like Nunzio Tartaglia at its head in 1986. A year later in 1987, Adams, Harding, and Leuck started Man AHL London. In 1987 two years after joining Morgan Stanley, David Shaw decided to start his own quantitative fund DE Shaw & Co. That same year James Simons renamed his Monemetrics to Renaissance Technologies to emphasise its new quantitative focus, and a few months after that Israel Englander launched Millennium Management. 
+
+\[1\] https://www.cfainstitute.org/en/research/financial-analysts-journal/1966/man-machine-interactive-systems-and-their-application-to-financial-analysis
+
+If you think that I have missed anything, please get in touch.
+Good Morning Apes!
+
+Some things I want to go over this morning are
+
+* where we are in the cycle
+* show you all some DIX pics
+* do a little dive into yelyah's latest
+* summary of current data
+
+**Current Cycle Period**
+
+[So over the course of this T+2 window \(Jan 24\/25\/26\) GME has gamma exposure from LEAPs that expired on Jan 21 22', and FTDs from any futures contracts that expired. ](https://preview.redd.it/ozade4lk6ud81.png?width=2457&format=png&auto=webp&s=7f2018f698c3d5e6ae2b4145e64fd569ad4bd8b9)
+
+I still think the peak of this FTD pile-up is going to occur out in the beginning of February, but because of the unknown nature of today's FTDs (both net short/long, and quantity) it could be significant.
+
+Due to the stop on reporting by the CFTC we do not know the scope of FTDs from futures the could be minimal or significant but we had quite a lot of volume yesterday (much of it internalized).
+
+[DP volume from around 3pm yesterday](https://preview.redd.it/5v8cln287ud81.png?width=937&format=png&auto=webp&s=0226d9348f5a48375a77db20958c9f03c6f0f245)
+
+As for the gamma exposure well their goal appears to be to short below the exposure as it carries to much upside risk and they don't want to let a gamma ramp run wild so it's better for them to try to bring the price down in the short-term than let that internalization and exposure be realized later when delta sensitivity is lower. This is likely the cause of the massive shorting campaign we have seen recently and also the cause of the "dip before the rip" scenario we see in other short squeezes.
+
+**Dix Pics**
+
+Their asymmetric risk is continuing to compound with the run yesterday many of the puts they loaded up on for price suppression purposes were blown up by market close. They need these put walls erected in order to cover FTDs and keep the price stagnant. But as many of you saw yesterday their position across all the stocks in the basket is slipping as M, JWN, DDS, and even XRT overperformed.
+
+[Asymmetric risk is wider than it has been all year](https://preview.redd.it/6zx2ysl89ud81.png?width=2476&format=png&auto=webp&s=9266cc6048f20d65d89e0f0e27decdb644fc9c28)
+
+[Approaching levels not seen since last February](https://preview.redd.it/rpr9aw5e9ud81.png?width=2477&format=png&auto=webp&s=4d668e7a76570e3e09fd8f9e6e65ccaa59825ae7)
+
+**Yelyah2 Update**
+
+[Delta neutral still dropping with the price, which means the options market is supporting the price decline, the latest Delta Sensitivity spike indicates large amounts of hedging could occur with an increase in price of the underlying.](https://preview.redd.it/p2tul1gl9ud81.png?width=909&format=png&auto=webp&s=d700efc1b48f56acc2b89866869194b820d6cbde)
+
+[Vega neutral can sometimes act as a floor like it did during March of last year, it's currently around $61](https://preview.redd.it/l8wvak8m9ud81.png?width=909&format=png&auto=webp&s=373aede065997dae4477e8099c6c2c810df7bfc9)
+
+[Gamma sensitivity is not particularly large especially when compared with last January](https://preview.redd.it/12x9uptm9ud81.png?width=910&format=png&auto=webp&s=4082c865be9efc6383ce7e526fa72cbce589680f)
+
+**My person TLDR:**
+
+I think they continuously short under these Delta sensitivity spikes and push there exposure out to a window of time were sensitivity is reduced and upside potential from delta hedging is reduced. While the options market supports our decline that is likely due to the large number of ITM puts we have seen purchased over the last week. But since that hedge is inverse the hedge of a naked call if they are sold or exercised like we saw last Friday, we can see positive pressure as MMs buy back in to shed their hedge.
+
+**Summation:**
+
+Because many retail investors are buying long dated calls we are see these large Delta sensitivity spikes over and over again, far larger than we saw last year because many are diamond handing them and averaging down/rolling forward positions. This in essence can create squeeze conditions.
+
+https://preview.redd.it/64g9wkh2cud81.png?width=1741&format=png&auto=webp&s=859009730a0976ea7914bab7714ec8bbcff8a948
+
+Since the majority of shorting is synthetic these positions must be inversed within 35 days. Is it any wonder that as long-term options became a more widely discussed topic on this sub, we have shorting on a previously unseen scale. To me it looks like they are trying to get people to sell and reduce the potential for upside movement. With retail holding all the shares and sitting on leverage for at least another multiple of the float this puts them in a precarious position.
+
+With the current conditions in the market and asymmetric risk stacking up in both the equity and derivatives market on GME squeeze potential is very high.
+
+​
+
+**You are welcome to check** [my profile](https://www.reddit.com/user/gherkinit) **for links to my previous DD, and YouTube Livestream & Clips**
+
+Historical Resistance/Support:
+
+46, 92, 98, 100, 104.50, 116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 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 Market
+
+Another day of internalization and them drawing the line at $100. They have till tomorrow's market open to settle any FTDs due today, and can delay those through dark pools till later in the day. I remain optimistic for now and we will see how this plays out going into tomorrow. Our volume remains higher than the 3m rolling average but with some much order flow internalized we are seeing little price improvement. 
+
+https://preview.redd.it/5jn1xrr8fwd81.png?width=920&format=png&auto=webp&s=f1827e16dcdacffbf652a40c021fccf8663ddce0
+
+https://preview.redd.it/qz1bchpbfwd81.png?width=900&format=png&auto=webp&s=ff338925933e373d66bd8c24dc44ce10fa062eb1
+
+https://preview.redd.it/j2dv8hl4fwd81.png?width=734&format=png&auto=webp&s=72c7df7d19dd225090ecc6d2cdb829c5ff648e77
+
+Edit 4 1:36
+
+Starting to move up and fill in the massive number of upside gaps volume is low and we could fail the resistance
+
+https://preview.redd.it/rspfpj6tovd81.png?width=1523&format=png&auto=webp&s=6f55f8752916340cfadb13182db8f262d86c5f8f
+
+Edit 3 11:18
+
+Gap filled
+
+https://preview.redd.it/encrpku50vd81.png?width=1514&format=png&auto=webp&s=7de2859e10bd97150f56a596f195b7b30efd90a3
+
+Edit 2 11:00
+
+Looks like we are going to drop to fill that gap at 100 or the one at 97
+
+https://preview.redd.it/n8gdm0d3xud81.png?width=1524&format=png&auto=webp&s=c5a4837666cb192f928824d89ded70d4893d5160
+
+Edit 1 10:15
+
+Price action picking up a bit as we gap up over $100, could be the start of something given th4e volume improvement.
+
+https://preview.redd.it/udd4b7r9pud81.png?width=1519&format=png&auto=webp&s=245d77ee9bc0253b06d4f5445cb92db7b6dcc8d6
+
+# Pre-Market Analysis
+
+Pretty big short interest this morning with roughly 150k shares borrowed from Fidelity and about the same from IBKR. But all for only $4 price drop from yesterdays close so far. I imagine they will short near open to try to get some of those $95 and $100 puts picked up.
+
+Volume: 46.17k
+
+Max Pain:
+
+[Max pain now moved down from yesterday this means exposure to call side hedging is getting closer.](https://preview.redd.it/v38qodtzdud81.png?width=2097&format=png&auto=webp&s=d954b610ce36328c448c99eb1800c43ae2a04b32)
+
+Shares to Borrow:
+
+IBKR - 6,000 @ 0.8%
+
+Fidelity - 2,869 @ 0.75%
+
+[GME on pre-market on the 1m](https://preview.redd.it/ohugei5beud81.png?width=1537&format=png&auto=webp&s=ad9438f915a61192f09373ac0feae6beeef66c45)
+
+TTM Squeeze
+
+https://preview.redd.it/a5dfmbbjeud81.png?width=2456&format=png&auto=webp&s=ef202ef951b5fc4e45cdb9d55b635a55e3179b0a
+
+CV\_VWAP
+
+[Still a bit negative so some bounce back may be expected](https://preview.redd.it/c5a9k9roeud81.png?width=2459&format=png&auto=webp&s=86adde1d8b2f0a69f0f82155d738c6f186654236)
+
+**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. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁
+
+*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.*
+
+\**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.*
+I fully understand the financial reasons why people want to own a home.  
+Also, kids aren’t happening for me for personal reasons I won’t disclose here.
+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!
+
+An awesome weekend. 
+
+In April we purchased a 2 bed 3 bath home in Nebraska. We paid 125k. Including closing costs it was about 131k (put 25k down).  Closed early April.  It appraised for 140k. 
+
+We put 4K into it. Two new toilets. New electric stovetop. Cleaned up landscaping In the yard. Fixed some of the electrical. Minor drywall repair and painting. 
+
+We put it on the market April 23rd for 145k and went pending the 26th with an offer for 175k. 
+
+Appraisal came back at 155k. We agreed to a reduced price of 165k.
+
+Closed Friday night, 25 June. 
+
+All in all we got a check for 53k and my husband will get a check for about 4700 in Realtor fees as the selling agent. We will get 2k back from escrow after the mortgage is paid and 1500 back from terminating the homeowners insurance. 
+
+So profiting about 25k for owning a home three months and making one mortgage payment. 
+
+This was flip number five (and second without a partner.)
+
+Pretty freakin thrilled.
+
+
+Onto our next find. 
+
+On 26 June we went under contract with another property in Nebraska. It’s a 3 bed 2 bath with original hardwood floors built in the 60s. He wanted around 190k and was for sale by owner. He’s a landlord who’s deciding to get out. Took great care of the property. This puppy is near turn key. It’s in a great neighborhood with amazing schools. 
+
+He had some open houses last week when we looked. I messaged him Thursday if he’d had any offers. He said none so we decided to throw our hat into the ring. We offered 180k. He didn’t reply that night so I thought busy or wasn’t interested. He messaged Saturday that if we were interested to come over and look at the property again. We toured again and he pointed out everything that still needed some care and feeding. We told him still interested and he shook hands and agreed on the 180k. I’m pretty sure it’ll appraise right at that price. He pulled the signs as we were leaving. 
+
+Going to try and close by 23 July. Things we will do before we list are install underground sprinklers. Put a door on the second bathroom (right now a hallway leads to a laundry room/1/2 bath but no door or privacy. Some minor electrical (husband is an electrician) and some grading on the back side of the house where some water has seeped in. You can definitely see how it slopes to the house rather than away. So probably 3-4K before we put renters in it. But we will show the house while we work and offer the house ready by 1 Sept. 
+
+Plan is 20-25% down depending on rates we are offered. We plan on including water and lawn maintenance with rent at $1450. 
+
+So it doesn’t quite meet the 1% rule but we KNOW this area will continue to appreciate in value. Greener yard and some landscaping will vastly improve its curb appeal. And it’s blocks from our home. 
+
+This rental will be our second door and second rental we’ve done with no partner. 
+
+We do this purely as side gigs and for fun. Renting of course is business. We manage our own properties. 
+
+Next we will look for a flip again but not rushing. :)
+
+7 houses so far in ten years. And first year we did one back to back. 
+
+(Our first rental we bought for 30k, put in 40k. Appraised for 110k and currently rents for 875. Will raise to 900 Oct 1st.)
+
+Have any questions ask away!
+
+
+
+Added expense sheet for flip:
+https://imgur.com/a/MYV97L7
+My grandfather passed away last year. I inherited 50k from his estate. I know I most likely want to put the money towards debt, but I am unsure exactly how to allocate the funds. I was thinking of paying off my highest interest debt first, adding a bit to my emergency fund, and then putting the rest towards student loans. Is this the right move?
+
+Here is a breakdown of my debt: 
+
+1. Two credit cards, total debt between the two: $13,000 at 14.5%. (I am currently working towards aggressively paying this down and am on track to pay off all of this by the end of the year if I stick with my current budget.)
+2. Student Loans. $95,214.80. I finished my PhD in 2019 - this is a cumulative total for my loans across my years of schooling. I have already paid $10k towards my loans during the pandemic and plan to slowly up my payments once my higher interest debt is more in check. Breakdown of the individual loans: 
+   1. $7,192.63 @ 7.6%
+   2. $4,626.33 @ 7%
+   3. $21,752.24 @ 6.6%
+   4. $4,111.50 @ 6.3%
+   5. $34,126.09 @ 6%
+   6. $23,423.40 @ 5.3%
+
+I have around two months of expenses in an emergency fund (roughly $5k) and am on track to max out my retirement contributions. 
+
+Thank you so much for the help!
+
+\*I know my debt is a problem. I made some poor financial decisions in my youth but I am actively working on fixing these mistakes.
+It has been a wild ride, we all know it cant continue.   30 yr mrg at 4%.  How high can this go?With a nat debt at $30 trill, we know rates cant go too high or the interest on the debt is the biggest bill we have to pay as taxpayers. thoughts?PS. I bought my very first place in 1989 near the beach in so cal, and watched the value drop for a few yrs.
+Is there a website or forum where I can find the ETFs for a particular sector (especially niche sectors)?  
+Say if I want to look for all ETFs that operates in the nursing home sector. 
+
+I would use google, but only the most popular ones would show up there, and I dont want those, since I would be mostly buying high if it is showing up in google.
+
+Any thoughts?
+Hello all!
+
+I'm looking to revamp my dad's investment strategy. Currently, he only has ultra-crappy investments recommended by his bank (e.g., funds of funds with crazy-high fees like 3%). He is 6 months from retirement. Liquidity will be relevant.
+
+I'm considering creating a conservative 50/50 bonds/stocks diversified ETF-based portfolio with the following allocations:
+
+​
+
+|ETF|Portfolio allocation (%)|Fee (%)|
+|:-|:-|:-|
+|Global Bonds (BNDX)|25|0.08|
+|US Bonds (BND)|25|0.03|
+|US Stocks (VTI)|27|0.03|
+|Non-US Developed Markets (IEFA)|14|0.07|
+|US Real Estate (VNQ)|5|0.12|
+|Emerging Markets (VWO)|5|0.1|
+
+What are your thoughts/challenges? I would love to start a discussion around this topic, given that typically we only talk about aggressive/long-term growth strategies!
+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!
+
+After Quantopian’s recent decision to close their community and remove all publicly visible algorithms, would there be any interest in this subreddit to share Quantopian algorithms here? Anyone can download their saved algorithms for free until Nov 14
+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"**
+All I seem to read on this sub is how each rate rise increase (regardless of whether it is 0.5 or 0.25%) isn't high enough, that the RBA is run by a pack of Monkeys that have no idea what they are doing and their decisions are having no impact on inflation data.
+
+Perhaps I'm the crazy one on the bus here but I for one have definitely felt the impact of the rate rises. I settled on my property in June and since have had my repayments increase by close to $1000 a month which is really stretching the budget thin. Now don't get me wrong, I'll get by but I am definitely feeling the hurt and am praying for the day that it stops.
+
+Seems like everybody here wants to keep going higher which begs me the question, are you actually in the direct firing line or are you either 
+
+a) Renting
+
+b) On a long term Fixed Interest Rate
+
+In which case I'd argue that you could not effectively comment on what the increases are doing because it actually isn't changing your life in the slightest. Sure you can still have your opinion on what you want to happen but just feels like 90% of this sub wants rates to hit bloody 10% or something silly.
+
+Anyway, as stated above. How many of us here are genuinely impacted by the rises and what are you doing to get by?
+The Whales are waiting to buy your cheap coins right now. The New York Stock Exchange is doing a Crypto Exchange and Custody.
+
+Only a fool would sellout now. Even if you bought at the peak $1400 you can still make loads of money riding this out to 2019-2020. ETH has been through far worse. There is nothing technically wrong with ETH. This is just an insanely irrational market that was full of moon kids till now. 
+
+Now the rational money will enter and stabilize the markets back to the mean which is around $500 currently. Then we can start to recover again into later this into next with new ATHs sooner than people realize now. ETH is extremely oversold now!  
+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!
+
+Just as a contrast to this post here: [https://www.reddit.com/r/financialindependence/comments/jzwu5h/people\_who\_bought\_cheaperie\_smaller\_homes\_do\_you/](https://www.reddit.com/r/financialindependence/comments/jzwu5h/people_who_bought_cheaperie_smaller_homes_do_you/)
+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.
+Just throwing out some ideas as we navigate moving back to NYC against our will(family health issues). 
+
+We currently live in a large home that is has become the hub of entertainment for our social circles. 
+
+As we look at NYC apartments/condos/townhomes, we aren’t sure we can mesh our family life(2 young kids and 1 on the way) with our social life in one place. 
+
+We’ve considered getting 2 residences—one for home life and one for entertaining. Ideally, these places would be located in the same building but we are open to walking distance. 
+
+Has anyone done this for large city life living? How did it work out for you?
+At this point I feel it's absolutely vital we find an Ape with sufficient coding experience and another with access to Bloomberg (+all these other data/analytics paid services) to implement a script that scrapes then logs all of the options data say every couple minutes so that we never miss one of these potential "glitches" as they come and go.    
+    
+Not only will this help us direct our attention and potentially give more insight into shorts' strategies, but I can guarantee having this information saved and public will genuinely help speed along any future investigations when Bloomberg either *has trouble locating all previous data from this long ago* or fights against making it available to the relevant agencies.
+
+If you can offer either of these things, please comment down below. Edit: or PM to remain anonymous
+I can’t believe it. This has always been my fantasy. I have watched countless videos of people winning the jackpot and wished it was me. Tonight it happened. I hit the bonus and spun the wheel. It landed on grand and I was confused. Then people started congratulating me. I saw the numbers rolling and I was in shock. It felt like a dream. I can pay some debts and have savings.
+I mean seriously speaking, if someone were to take the time to put together some legit visuals of the DD that has been written and put it out on like a Youtube channel for us to watch it could get some serious traction. It doesn't need to be on Netfrix. Put it out for FREE. Some people can't read and prefer visuals anyway (I'm one of them, and I used siri to type this out). Imagine if we could share VIDEO of all these amazing explanations done from contributors to this sub. 
+
+I've just been seeing the backlash from the Netfix special that came out and wonder why a true APE has not tried to put something together rather than letting rando MSM-paid liars put stuff out there misrepresenting this sub and its members. 
+
+We can do better. And I say "We" as in you guys, I don't contribute much but upvotes lol
+
+​
+
+Please and thank you to whoever can take this on!
+Place would have increased my income by 50%, basically putting my household FIRMLY in the middle class bracket and improving my standard of living. Just tired of struggling, but I wonder why I had to do an IQ test...is this common for higher income jobs?
+Collectively institutions around the world spend billions (maybe trillions?) on research to price the market. Why would you think you now have a better understanding of the price of the market than these institutions? This sub has completely thrown away the logic of not being able to beat the market. Think about it, if the markets were guaranteed to tank, wouldn’t you just buy puts and print money? FYI there are lots of technicals, and other market theories, that justify this requisite correction to the upside before another downturn....I just think it’s funny how this sub has always preached not being able to time the market but yet are now upset when they cannot.
+I just read an email from Ally they’re reducing their savings rate again down to 1.8%, it’s still pretty good considering how much rates have come down... but I know there’s better rates out there. I’m considering moving funds to a new HYSA. Who do you use, and what do you like about them?
+I’m currently contributing the minimum of 6% on my 401k. My employer matches up to 6%. I heard it’s a good time to start buying in stocks because of the lower sales. How much percentage contribution should I increase it to?
+
+I have about 19k in student loans which I’m paying $300 per month. Interest rate for my student loans is 4.410% 
+
+My income is 61k per year. My monthly spending is about $1920. I have a savings account of 65k. Checking account is 4.5k. My goals are save for a home, save for retirement, and capitalize my wealth.
+
+Update: Thank you all for your advice. I already opened my Roth IRA and I just contributed $1.5k and planning to pay monthly till July 2020 for 2019. That should equate to the max contribution of $6k for 2019 contribution.
+> “The secret of very early retirement is that almost everyone makes money after retiring. Too much happy energy to avoid it.”
+ 
+- Mr. Money Mustache responding to someone on Twitter
+
+That quote was recounted on the [Mad Fientist podcast with Michael Kitces on the 4% rule](https://www.madfientist.com/michael-kitces-interview/) (which is a must-listen episode, BTW). Michael is a fee-only financial advisor who routinely works with early retirees. After listening to this episode, I'm wondering if many of us can "retire" earlier than we thought.
+
+More on this subject from the interview in no particular order:
+
+>  “In reality, we need things to wake up to in the morning. We need to have a sense of progress, and we crave to have something that gives us a feeling like we’re having impact. Most of those things end up being something that make money!”
+
+> “We see this routinely with clients and have for years and years now. If you’ve got any capability to work in retirement, most people we see continue to work in retirement for a period of time. Or they take some time off and realize that they’re kind of bored, and they go back working in early retirement.”
+
+> “…the number of people who insisted on getting to their pure stand-alone FI number because they never ever ever ever ever wanted to work again… and then within 3 years were working again…”
+
+> “I find a lot of early FI folks grossly underestimate the sheer impact of just doing a little part time work for like $10,000 a year. Assuming a 3% withdrawal rate, an extra $10,000 of side gig income is like having another $300,000 in your portfolio.”
+
+> (talking about a client) “I know you’re trying to work another 7 more years for early retirement, but if you just cut back your work and income 50%, you’d be ready to ‘retire’ today.”
+
+While I'm also working toward FI, if I'm being honest with myself, I'll likely never be able to retire fully (unless I'm physically or mentally unable). 
+
+Even if I hit my number and wave goodbye to my job, I'll probably pick up a hustle and start earning at money again within a few months. I won't work full-time, or all year, but I will most certainly work. Given this information, I'm sincerely considering leaving full-time employment earlier than planned (like super-lean FIRE territory...)
+
+**Is anyone else planning on working on an income-generating activity in early retirement?** If so, are you adjusting your FI number to account for this? Or do you disagree with this sentiment?
+
+"Mr. Neumann is starting a new company called [Flow](http://www.flow.life/), focused on the residential real estate market, [the DealBook newsletter reports](https://www.nytimes.com/2022/08/15/business/dealbook/adam-neumann-flow-new-company-wework-real-estate.html). Notably, it has the financial support of Andreessen Horowitz, the prominent Silicon Valley venture capital firm that was an early investor in everything from Facebook to Airbnb.
+
+Andreessen Horowitz is considered royalty among early-stage investors, so its backing is a powerful sign of support, and perhaps a rebuke to Mr. Neumann’s critics, who have described his leadership of WeWork as a cautionary tale of corporate hubris.
+
+The firm’s investment in Flow is about $350 million, according to three people briefed on the deal, valuing the company at more than $1 billion before it even opens its doors. The investment is the largest individual check Andreessen Horowitz has ever written in a round of funding to a company.
+
+Flow is expected to launch in 2023, and the venture capital giant’s co-founder Marc Andreessen will join its board, these people said. Mr. Neumann is planning to make a sizable personal investment in the firm in the form of cash and real estate assets."
+The public school we send our kids to typically has quite the number of fundraisers. We are more than happy to support. I send my kids in with the money or place a order and call it a day. I also get in contact with the PTSA and fund other students fundraising because I believe low income students deserve to join in on the parties or activities that the other students are doing. 
+So for those with kids or those who plan on having kids:how will you handle school fundraisers/how do you handle them? Do you select the highest prize level,choose the one most students will be getting,not do fundraising whatsoever or something else? Just curious.
+ 
+
+[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c)
+
+**Please keep ALL conversations contained to Gamestop and directly related topics.**
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+# Brand new to the sub? Start here!
+
+***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.*
+
+https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd
+
+The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you:
+
+# [GME.fyi](https://fliphtml5.com/bookcase/kosyg)
+
+[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules.
+
+**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules)
+
+**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it.
+
+**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq)
+
+**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource.
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+# Flair Links
+
+[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all)
+
+You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile.
+
+**Mod Flairs**
+
+[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22)
+
+**No CS/DRS Mode**
+
+[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=)
+
+To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar.
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+***What's This Post All About?***
+
+The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post.
+
+If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point.
+
+Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!*
+Weekends may be boring, at least some times. I decided to share a simple study for those who are into numbers.
+
+What is the simplest trading strategy? I thought the following has a pretty good chance to be the one: "buy and open and sell at the end of the day". Below is a study for the strategy since 2010.
+
+**The Setup**
+
+* $25,000 to trade daily (assuming you would have 25K in margin at least)
+* Trading only $SPY
+* Buy at open using a market order
+* Sell at close using a market order
+* Do not trade on early close days
+
+[Simplest trading strategy setup](https://preview.redd.it/wklp6b4ef1g81.png?width=2940&format=png&auto=webp&s=bf42eed3cefbb154608b2b279b2a7926edd97d25)
+
+Since I'm testing the simplest strategy I decided to test a couple of stop loss variations
+
+* Stop loss 1%
+* Trailing Stop Loss 1%
+* Trailing Stop Loss 2%
+
+...and conditions for entry. Only trade when stock is:
+
+* Above SMA 100 on daily chart
+* Above SMA 200 on daily chart
+
+**The Results**
+
+[Cumulative gain since Jan 1, 2010](https://preview.redd.it/xk4iw7prf1g81.png?width=916&format=png&auto=webp&s=87590f5c0de0fc83a5230114e238d8abd1d31b38)
+
+[Gain by year \(no stop loss\)](https://preview.redd.it/pyqtspx8g1g81.png?width=1252&format=png&auto=webp&s=020e862e0630d181a37481a1cf67480da7fa194d)
+
+PS: This post is for fun and educational purposes. Do not trade like this.
+Tax filing season is here. Use this thread to post queries on filing tax returns.
+
+Thread will be stickied until end of July - **last date for filing tax returns as individuals is August 31st**.
+
+**To check your ITR category, read the mentioned list.**
+
+[https://www.incometaxindiaefiling.gov.in/downloads/incomeTaxReturnUtilities?lang=eng](https://www.incometaxindiaefiling.gov.in/downloads/incomeTaxReturnUtilities?lang=eng)
+I got into AQN during the pandemic at $17. By the end of 2020 it was approaching $22 and I was a very happy investor. It seemed to have resumed its post-2008 upward trend. I averaged up and doubled my position when it dipped to $19 again.
+
+But now it's approaching $18, and the 13 year upward trend is broken by the last 2 years literally being negative (ignoring dividends).
+
+I know they have had some challenges with Texas, but energy is on a rip. How are they not soaring?
+this is in no way shape or form a good idea, just thought i'd post this here because it's 6am and im doing fucking math on reddit crypto lmao.
+
+​
+
+Anyways, right now a moon is worth about 8 cents. If you wanted to replace your full time job with raking in moons on reddit, it would take a lot of time and effort but here we go.
+
+The average hourly wage in the USA is \~$15. This means that at that wage you are making about 31,000 dollars a year. Now, going off of the math of 1 upvote = 0.48 moons (credit to /u/pkg322 because i saw that on one of their comments.), this means that 1 upvote is just under 4 cents.
+
+Now, your yearly wage of 31,000 dollars divided by 8 cents (1 moon) means that you would need to acquire a total of 387,500 moons per year in order to sustainably replace your full time job. This is also equivalent to...
+
+\- 32,291.67 moons per MONTH
+
+\- 1061.64 moons per DAY
+
+\- 44.24 moons per HOUR
+
+​
+
+This also means that you need \~90 upvotes per hour to replace your full time job.
+
+have fun with this knowledge bois
+
+EDIT: I have learned there is a cap of 15k moons per month per account, this is still equivalent to $1.2k per month. Pretty pog.
+
+Update: haha, 30 upvotes in the past hour.. that's like a whole moon.. my ploy to become the greatest moon farmer is coming to fruition!
+
+Update 2: ok for real y'all are making me rich out here, also thanks for the awards friends!
+
+Update for everyone saying "you have to farm 24 hours a day this is stupid": You only need to post a few good posts and then people can upvote it at any time... It doesn't just disappear lol
+My brother and I inherited a house from our uncle which I intend to keep so I am buying him out. His half would be $210K and our lawyers have told us that upon closing they will deduct about $950 in tax from that total, but my brother believes he will be taxed much more, up to $45K worst case, so he would like me to account for the taxes and give him more in the payout so we each get a 'true' 50/50. Can anyone offer insight to this? I am not sure how his accountant is coming up with these numbers, unless the payoff will count as taxable income when he does his taxes next year? 
+
+Edit: Don't worry kind strangers, I won't be blindly taking the advice of the internet and will defer to the lawyers, just trying to get a feel for if his suggestion is as outrageous as I think it is. Thanks!
+
+Second Edit: I shouldn't have called it an inheritance; our mother added our names to the deed upon my uncle's death (hers was already on it). This makes all the difference in the world, it seems.
+The city where my property is located reached out offering around 10k for about 3000sqft of my land to do some waste water work. I don’t mind selling, but wondering if there’s room for negotiation and/or getting a lawyer would be wise. They said they are offering market rate price and that another state agency has approved to make sure that it’s fair to the seller. Anyone with experience or advice around this? Thank you
+To this sub, I am not a higher earner but to the general public I am. The problem is my last few gigs have been incredibly meeting heavy with my current role at a start up like company consisting of having (I shit you not) nearly 10 meetings a day, sometimes being triple booked and expected to attend all.
+
+I’m in biotech clin dev if that helps at all. I’m wondering if this is an issue specific to my industry, or just the fact that it’s a startup and leadership is trying to squeeze as much execution out from limited staff? I mean, there are days I cannot physically get anything done unless I multitask during a meeting. And even then, it’s not very high quality work as we’re essentially speeding through the task to get to the next one.
+
+Also, it’s extremely deadline heavy in where missing any kind of study deadlines will have every exec on alert. Not an ideal environment for the long term.
+
+I feel like most FatFire members here have a somewhat manageable schedule and sometimes even look forward to work. If I can’t get direct help to take off some of this meeting/workload, what would you recommend? Wondering if an industry or department change within the industry will be a good option
+
+M/27/240K TC/East Coast
+Here's a video DeFI Summit posted Sept 27th 2019 where Matt Finestone describes his roll at Loopring as Business and Operations, says he comes from a Finance background and he used to be a Bond Trader and Fixed Income Trader at an Investment Bank, says he has a Market Structure Background and he's not a developer. They could have hired a Business Ops guy from anywhere but they got him from Loopring because of his intimate knowledge of their product and it's ability to create an Alternative Financial System. 
+
+  
+He talks about his background starting at 1:52  
+
+[https://www.youtube.com/watch?v=FEf6GC5p8hU&t=4s](https://www.youtube.com/watch?v=FEf6GC5p8hU&t=4s)
+I'm 19 and due to certain unfortunate events have realised the need for financial prudence and am looking to get into investing as soon as I start earning my first salary. I cannot afford an investing course nor can I take any large risks as my financial state compels me not to do so. 
+
+I would appreciate any advice regarding how to plan for me and my family's future and how I can maximize the amount of wealth I garner in the long term as I want my family members, especially my younger siblings to have a better life than me.
+
+I'm currently preparing for law school entrance exams and might have to seek out an education loan, what's the best way to deal with that and consequently how do I rebuild my credit?
+
+Thankyou.
+[Senate revisions](https://www.finance.senate.gov/imo/media/doc/12.11.21%20Finance%20Text.pdf)
+
+I was holding out hope for another reversal, but looks very unlikely now
+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: 🦍🚀💎🤟
+Ryan Cohen tweets about how bad BCG is.
+
+This sub:  “we also hate BCG, they suck.  Horrible people.  Lets tell them how we feel.”
+
+Love it how you all support Ryan like that.  Love how he points something out and you are all over it like flies on shit.  As a part owner of GME I feel ot is important to trust the board, the chairman, and the employees.
+
+Ryan Cohen buys a huge stake in another company, and a crap ton of bets that he thinks the price will go up 10000% (edit: not 10000%) in a few months.
+
+Also this sub:  “BBBoY is a distraction we hate it.  Don’t talk about it here.”
+
+You may want this sub to be a GME ONLY sub. But I am sorry, it’s not.  Its about market structure, economy, citadel hate group, hedgefund dart board.  And above all, a Ryan Cohen fan page. I know….”no leaders”.  But that gets thrown oout the door when every single tweet of his gets pulled a part and studied.  
+
+Not sure why we accept only a few things he says and does.
+
+Don’t sell GME to buy BBBoY.  But also don’t trash on people who discuss it. But also…as an individual investor, you do what you want. 
+
+Bring on the downvotes.  Don’t care. But maybe think about what this sub is about.
+
+Love,  
+
+Mojo
+Curious to see the extent to which broader societal trends are reflected here. 
+
+I was 25 when I moved out of home and I’m on the cusp between millennial and gen Z.
+
+For it me was a financial decision, and I acknowledge I was lucky to be able to stay home so long. I delayed moving out to save up a deposit for a house in Sydney, prices are crazy so that needed a few years.
+As my flair says, I’m still new (over a year in the market now, but still new). I feel fortunate that I was careful when I entered the market, having taken in as many lessons as I could beforehand.
+
+That said, even being careful, I wasn’t shielded from making mistakes, and there are plenty of lessons that, although internalized, still have to be fully learned the hard way. Lessons such as…
+
+1) This is not a profession for those unwilling to feel uncomfortable
+
+I encourage everyone to try trading at some point, but heads up: it will make you uncomfortable a LOT. You’re going to be wrong a LOT, lose trades a LOT, and feel frustrated a LOT.
+
+2) You are not immune from the Dunning-Kruger Effect
+
+If you’re unfamiliar with the concept, the Dunning-Kruger Effect basically argues that those with the least amount of knowledge are often the most confident. You can be the most humble trader in the world, but at some point shortly after starting, you’ll feel like you already know everything. That’s when you’re likely going to receive your first rude awakening.
+
+3) You need to earn the privilege of risking portfolio percentages
+
+The common belief that traders shouldn’t risk more than 1% of their portfolio should not apply to new traders. According to Live Traders’ Jared Wesley (who is an excellent trading coach and motivator), new traders should never risk more than $10 per trade. A new trader’s job is to learn the ropes and establish an edge, not make money.
+
+4) You will fall victim to one or more of the three deadly trading sins
+
+Greed, fear, and ego. At some point, new traders will feel trapped in the depths of at least one of these three sins. Over and over, these sins will cause you to make the same mistakes (e.g. not taking profits because you held too long for more, not getting in because you’re afraid of losing, not taking stop losses because you cannot be wrong, etc.)
+
+5) Progress is not linear
+
+There will be moments of improvement followed by moments of foolishness. You’ll take two steps forward only to find yourself one step back. How will you respond in these moments? Will you pick yourself up and continue the grind, or will you mope and try to play the victim?
+
+6) Emotion has no place in the market
+
+Being excited to trade can be just as detrimental as being afraid to trade. If you took a loss, expect no sympathy; others may give you tips, but don’t think they’ll coddle you.
+
+7) You can’t just learn a lesson; you have to learn the right lesson
+
+Sometimes, you think you’ve learned a lesson from your mistake, and you won’t even realize at the time that it’s the wrong lesson. Learning the right one could be extremely painful and will require you to swallow your pride.
+
+
+Note that I tried to avoid the usual lessons that can be found in many other sources (including this subreddit). I continue to learn these harsh lessons as I enter my second year. Please feel free to add your own; I’d love to hear what the community has to say.
+My parents said if I study every day for 1 month on stocks they will loan me 750$ to try to earn. I was wondering if you guys had any ideas, I will be checking back everyday and making posts weekly. I have no idea how to do this so I am in need of assistance...
+
+ 
+
+Edit: Thanks so much for top 10 in this subreddit! You guys are being really in depth and I love it.
+My thoughts were to open up a stocks and shares ISA and put in as much as I can (\~£5000) into an index tracker?
+
+But literally have no clue at all. So, any suggestions?
+I've decided that I'm going to put a small amount of wealth to work next year by buying shares in 5 individual companies which I think have good prospects of success. This will only be a small part of my portfolio which is mostly invested in low-cost global trackers. The aim is to beat the MSCI World index in Sterling on a total return basis (price plus dividends), as well as to challenge my stock picking and company analysis skills. I'll be focusing on UK listed shares but may consider US or European companies as well. Anything further afield is probably too difficult to access and too difficult to track and monitor for me.
+
+Now to the hardest part which is picking the stocks themselves. I have three ideas which I've listed below with a short rationale for each one. As you'll see, there are no flashy growth stocks from me, but instead mature, stable business with proven business models and stable but increasing profits, cash flows, and dividends. I think these are the type of companies that will do well in a rising rate environment, and I'm confident that each of them has the potential to do well in the year ahead.
+
+All comments welcome on these three selections, as well as any other ideas from other investors on this sub!
+
+
+
+**National Grid**
+
+My first pick is a £38bn market cap giant in the defensive "utilities" sector. As owner and operator of the electricity transmission network in the UK and elsewhere (notably parts of New England and upstate New York), it provides critical infrastructure for which it earns its revenues ultimately from the electricity bills paid by you and I as consumers. The company seems to be in the news almost daily as we find ourselves in the midst of a European "energy crisis" which does mean there is political risk here (changing government regulations could affect their market and profitability). The other risk is around the level of debt and how this gets refinanced in the current environment (their gearing level is around 70%). But ultimately I see this as a company with reliable, long-term revenues which support modest growth in its regulated asset base (they suggest 6-8% growth per annum) accompanied by a similar level of growth in EPS and dividends. With a dividend yield of 5.7%, I reckon investors should be happy to be "paid to wait", while there is scope for modest price rises from the current PE of 13x.
+
+**IG Group**
+
+I predict further volatility in financial markets next year, and that can only be a good thing for this company which earns most of its revenues from online trading and investing platforms. I've been a user of their trading platform in the past and have been impressed by their technology and their customer service. They also completed the acquisition of US options trading platform "Tastyworks" in 2021, and I think the business will benefit from synergies between the platforms as they continue to integrate the two over the coming months. They are trading at a bargain PE multiple of around 8x, have a useful yield of 5.9%, and the announcement of their half year results on 25 January could be a catalyst for further momentum in the share price.
+
+**Phoenix Group**
+
+Another company in the financial sector for my final pick, but the business model here couldn't be more different to that of my previous selection. Whereas IG Group earns its revenues from traders holding positions for a few weeks or even data, Phoenix is a "long-term savings and retirement" business (they obviously think people get turned off by the word "pension"!). The roots of the business are in buying books of "heritage" life and pension policies from other insurers, as well as providing "bulk purchase annuities" which help big businesses de-risk final salary pension schemes offered to employees in the past. However, the business is expanding and now has a book of "open" policies (i.e. ones to which members and employers are still making contributions). They've also started advertising in the press with pictures of older ladies in brightly coloured clothes saying "we're not ready for twin sets and pearls... and retirement isn't ready for us", which demonstrates their ambition to grow as well as their attempt to differentiate themselves from the other providers in this market. They say they want to grow cash generation by 25% over the next three years, coming from a mixture of growth in existing policies, "management actions" and M&A, and this looks to be credible based on their progress over the past three years. That excess cash will ultimately translate into increases in the dividend, thus hopefully supporting share price growth over the medium term. Again, it's on a modest PE of 8x with an incredible (and well covered) yield of 8.7%.
+With all the talk of bond yields increasing, I've started to look into investing in corporate bonds.
+
+I've come across this Bond issued by BAT (British American Tobacco) with a coupon of 6% a year, and maturity of 2034 (12 years from now). Currently the market price is £82  (HL spread is rather big on this bond setting the bid price at £85) but I've seen I can buy it on Interactive brokers at £82 (so sticking with this price for calculation purposes.
+
+I've worked it out to that over 12 years I'd receive a payment of £6 per year, with a final payment of the full coupon value of £100 on the 12th year.
+
+Overall I would achieve a return of 145% over 12 years, if the coupon payment is reinvested each time it was paid (assuming a 6% yield each year) - see full calcs below:
+
+​
+
+|Price|£82.00||
+|:-|:-|:-|
+|coupon %|6%|£6|
+|Face value of bond|£100||
+|Current yield on market price:|7%||
+|Time to maturity|12 years||
+||||
+|Total Coupon Payments =|£72.00||
+|interest made on reinvestment of coupon payment (assumed 6%pa)|£29.22||
+|Face value profit paid at end of maturity|£18.00||
+|**TOTAL:**|**£119.22**||
+||||
+|Total yield|145.4%||
+|Annual yield =|12.1% pa||
+||||
+
+Can anyone see any flaws in these calculations and any advice on doing this? currently the only downside is they go bust...
+
+link to bond: [https://www.hl.co.uk/shares/shares-search-results/b/b.a.t.-6-nt-redeem-24112034-gbp-50000](https://www.hl.co.uk/shares/shares-search-results/b/b.a.t.-6-nt-redeem-24112034-gbp-50000)
+
+I note that Hargreaves requires a minimum £50k investment for this, but this is fine.
+
+thanks!
+Hargreaves Landsdown have messaged to say the following: 
+
+“Euroclear, a custodian that we and a number of UK stockbrokers use, have announced they will no longer support international Cannabis-related stocks including Tilray Inc which you hold.
+ 
+They are making this change following a review of all international Cannabis-related stocks in which they decided they no longer meet the admission criteria to trade. Euroclear’s decision means that after 27 January 2022 you’ll no longer be able to trade or hold Tilray Inc shares with HL.  
+ 
+You have three options to consider
+ 
+Do nothing
+From 27 January we’ll sell your shares and put the proceeds into your HL account. We will waive our normal dealing charges for this transaction. 
+ 
+Sell your shares yourself
+You can sell your shares online until market close on 26 January. As above, we will waive our normal dealing charges for this transaction. 
+ 
+Transfer your holding to another provider
+This change may impact a number of UK stockbrokers. If another company can accept your holding(s) and you would like to transfer your shares, please send your transfer request by 10 January.”
+
+Needless to say, I don’t fancy selling on or before 27th January, while the share price is at historic lows. Does anyone know another option for me or others in a similar position?
+
+It would be greatly appreciated.
+Gave notice and resigning from my tech job in 2 weeks. Tired and burned out from not being able to do what I want to.
+
+Don't have a job lined up but technically in final rounds a 3 big tech companies. Interview process has taken over 2 months. If I don't get an offer, I'd take 6 months off. If I do get an offer, I'd try to negotiate between 2-6 months off before starting.
+
+Currently don't have a plan for what to do in my sabbatical except that I have more than enough finances to cover monthly expenses for 6 months without diving into 401k. Also researched healthcare and will be getting Cobra after I resign.
+
+What should I do and what should I avoid during my sabbatical?
+
+Some ideas I am considering:
+
+* work out - both morning and evening
+* Explore some business ideas (build a couple websites and see if any ideas stick)
+* Go camping at various parks for a few weeks.
+* pick up new hobbies that I've not had much time to try like piano or learning a language
+* cooking classes - one of those that's multiple days in-person cooking.
+* block/avoid social media for at least a month.
+* Edit: adding volunteering - I like this suggestion from a few responses. I didn't think of this.
+
+Avoid:
+
+* luxury travel - don't want to blow up expenses. Mostly stick to roadtrips and camping. Maybe a couple of flights to the other side of the country for weddings etc.
+
+​
+
+* Point taken: I won't do these unless I'm really bored
+   * ~~Work part time as a barista for a few hours a week~~
+   * ~~Work as an uber driver for a few hours a week~~
+I had always toyed with the idea of working towards FI as soon as I finished my studies and got a job, but everything has rushed towards me now that I have had to leave my family home halfway through my studies due to escalating abuse. In a matter of days, I have become homeless, unemployed and have stopped being able to afford any kind of studies or attend classes due to not even having a roof over my head.
+
+A part of me is very dismissive of posting here because the predominant discourse revolves around having enough to be frugal, which means that you have enough money to choose to skip certain things, and I might just delete this post and never hit submit...
+
+I want to know if it's still possible to work towards FI, even if it's something I'm going to have to frame differently if I want to survive at all. If so, what can I possibly do? I feel lost, scared, I haven't been able to sleep more than an hour for several days.
+I've been in bitcoin since the beginning. I was watching when that dude bought the 10,000 btc pizza. I bought in at 16 cents, I bought in at $6000. I sold at $1300, I sold at $4000. Since then I've been largely inactive on this sub and in crypto in general.
+
+I've made more than I've lost with BTC but the point was never about making money off an investment like a stock, it was about buying bitcoin so I could spend it. This sub used to get excited about more people USING bitcoin, now everyone's only concern is how much money they might lose. I think this sub has lost sight of what Bitcoin really is: a currency. 
+Your markets are run by bots. Now your /r/Asx_bets daily threads are too.
+
+Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) 
+
+Automoderator may provide "Guidance" for Lazy and zero effort posting.
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH)
+Your markets are run by bots. Now your daily threads are too.
+
+​
+
+This thread is for plans and thoughts prior to the market open period.
+
+Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+​
+
+Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share).
+
+​
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH).
+Your markets are run by bots. Now your daily threads are too.
+
+​
+
+This thread is for plans and thoughts prior to the market open period.
+
+Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+​
+
+Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share).
+
+​
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH).
+Your markets are run by bots. Now your daily threads are too.
+
+​
+
+This thread is for plans and thoughts prior to the market open period.
+
+Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+​
+
+Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share).
+
+​
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH).
+Your markets are run by bots. Now your /r/Asx_bets daily threads are too.
+
+Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) 
+
+Automoderator may provide "Guidance" for Lazy and zero effort posting.
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE)
+Your markets are run by bots. Now your /r/Asx_bets daily threads are too.
+
+Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) 
+
+Automoderator may provide "Guidance" for Lazy and zero effort posting.
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH)
+Your markets are run by bots. Now your daily threads are too.
+
+​
+
+This thread is for plans and thoughts prior to the market open period.
+
+Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+​
+
+Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share).
+
+​
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH).
+Your markets are run by bots. Now your daily threads are too.
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM)
+Your markets are run by bots. Now your /r/Asx_bets daily threads are too.
+
+Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) Last ban length: 1,048,576 days
+
+Automoderator may provide "Guidance" for Lazy and zero effort posting.
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/2sQBNuM)
+Your markets are run by bots. Now your daily threads are too.
+
+​
+
+This thread is for plans and thoughts prior to the market open period.
+
+Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+​
+
+Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share).
+
+​
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE).
+I finally understand the purpose of Bitcoin. About two weeks ago I recently won a little bit of money gambling and couldn’t transfer it to my bank, I could however withdraw it in BTC and was just going to set up an account on Coinbase and withdraw it when it hit. I didn’t know anything about BTC or crypto (and I still know very little) and after this price drop I started panicking a teeny bit and was confused. I found the subreddit  and started browsing it and I realized, Bitcoin isn’t about making a profit or a quick buck, it’s a slap in the face to the government and banks who think they can control every aspect of our life. It’s a slap in the face to people like Trudeau who thinks they can freeze our accounts because we don’t comply to their every demand. 
+
+Thank you all for showing me the real meaning behind crypto and BTC. Going to invest a little more and get a cold wallet soon. F the Gov n F the greedy ass banks.
+Okay everyone this is my first DD but don’t go easy on me. If it sucks, let the truth be known, but at the very least give it some upvotes so it has a chance! I’m gonna keep this as concise as possible because I think it’s important that this info goes down easy.
+
+I seek to answer the most important question of this whole saga: **How many shares are there?**
+
+Yesterday we got two very juicy statistics:
+
+​
+
+https://preview.redd.it/vh87a6xnx3o81.png?width=1082&format=png&auto=webp&s=ccc7e596a2f5c094f209dbcaf7a9c695e5e546e7
+
+\# DRS shares on Jan 29, 2022 - **8,900,000**
+
+\# of DRS shareholders on March 11 - **125,543**
+
+​
+
+Why are these numbers so important? Well because they’re true… This tiny slice of truth, combined with months of modeling data for estimates lets us attempt to figure out some pretty cool shit I think. I dunno, you tell me.
+
+This post by u/Get-It-Got from 13 days ago ([https://www.reddit.com/r/Superstonk/comments/t78n39/fresh\_google\_consumer\_surveying\_suggests\_830mm/](https://www.reddit.com/r/Superstonk/comments/t78n39/fresh_google_consumer_surveying_suggests_830mm/)) is based on a google survey of 500 random adults across the US regarding GME share ownership. Now before you ask, YES a sample of 500 is large enough, and can draw conclusions with a 4.5% margin for error as shown in the chart below from this website ([https://www.sciencebuddies.org/science-fair-projects/references/sample-size-surveys](https://www.sciencebuddies.org/science-fair-projects/references/sample-size-surveys) ):
+
+​
+
+https://preview.redd.it/5z9hto5px3o81.png?width=821&format=png&auto=webp&s=3e978f8c11f8845e607aabdd5e028595277041a7
+
+Here is the survey data:
+
+​
+
+https://preview.redd.it/trt0cemqx3o81.png?width=824&format=png&auto=webp&s=e119d97a771c428c77fd4397661f531813a2e715
+
+And OP's data summary:
+
+​
+
+https://preview.redd.it/5psizhssx3o81.png?width=620&format=png&auto=webp&s=f1218efdb0fb246d7f3561ff9e3ce4ec9b0f5ff5
+
+The OP estimated that there are approximately 8,777,000 individual share-holders of GME in the US. But let’s chop that 4.5% margin for error off to be even more conservative than they already were - arriving at **8,382,035 individual shareholders in the US**. That means currently there are only **125,543 / 8,382,035 \*100 = only 1.5% of GME shareholders in the US DRS'd**. In fact it’s probably less because international apes can DRS.
+
+Now, since this genius wrinkle ape [/u/jonpro03](https://www.reddit.com/u/jonpro03/) picked up some crayons and literally predicted the DRS value in earnings, I used their data to obtain the number of DRSd shares on March 11, and divided that sucker by the estimated % of American shareholders DRSd to get the total # shares in the US :
+
+​
+
+https://preview.redd.it/2evocheux3o81.png?width=1581&format=png&auto=webp&s=8bc20d8cbb656672549ea2a5dccb7214ef3c0abc
+
+**9,860,500 / 0.015 = 657,366,666.66** (repeating of courth)
+
+Once again there appears to be well… **too many shares KENNETHHH…**
+
+But one last thing…We need to verify that the distribution for # of shares per holder is the same between DRS holders and the surveyed population. Afterall, how do we know we haven’t just had all the xxx, xxxx, and xxxxx people DRS and skew the data? Well using the latest DRS bot data and the survey data, we can compare the sample population percentages of 3 common categories: x, xx, xxx<
+
+​
+
+https://preview.redd.it/4p6kqbrvx3o81.png?width=499&format=png&auto=webp&s=a793d91a703ce45c29d03ab7fcbb1dfba1ab9db7
+
+https://preview.redd.it/sx4cfcrvx3o81.png?width=746&format=png&auto=webp&s=2c90560201a98a6e687981b937f2a44f214642b5
+
+Encouragingly, it seems the proportion of xxx< hodlers in DRS is slightly less. However, xx shareholders could be disproportionately contributing to the bot, and consequently could be disproportionately increasing the DRS numbers. But how much? To estimate the potential effect of this, we look at an ideal case where the 125,543 registered shareholders match the survey distribution. Assuming the xx holders have an average of 50 shares, and they are 24% of the population, they would possess 1,506,516 shares or 15% of the DRSd shares. In the actual case, with the same math applied previously, they would have 3,013,032 shares or 31% of the shares. Now I don't do mafs gud, but I think that means **our estimation could be 15% too high because of more xx holders in DRS** (and that does not account for the x and xxx hodlers that are gained in the ideal case because I’m too lazy to do the math and it doesn't work against us so why would I?).
+
+So with that taken into account we are looking at:  657,366,666 \* (1 - 0.15) = **558,761,666 shares**
+
+Now I know this isn’t perfect but tell me something I’m missing that will skew this information enough to disprove the naked short thesis…One thing that would really put the nail in the coffin on this is if we crowdfund a survey with a sample size of 10000 people and got more precise distribution data between the BOT and survey… But still… I feel like this is getting to the point where it’s **statistically impossible** for there to only be 79 million shares... And since as soon as there are more shares than issued shit gets ILLEGAL, should we not be sending this kind of information to the DOJ? And more so, if only 1.5% of holders are DRS'd **we should be showing this information to fucking everyone**... **We know the shares are out there to lock the float, but its clear we are missing a vast amount of the shareholder base.**
+
+​
+
+\---------------------------------------------------------------------------------------------------------------------------------------
+
+Edit: The major criticism I've seen so far is that the google survey population may skew the data because people that respond to surveys share a property that could make them predisposed to owning stock. I think if we funded a better survey (maybe 10000 people?) we can make a pretty accurate prediction of the number of shares. I had someone message me saying if we can account for the predisposition by including a question that asks if people own stock, and compare that to the US average for stock ownership. If anyone is interested in getting a better survey together send me a message and if it seems like we can get a plan together maybe see what the mods think about raising funds.
+
+​
+
+Edit 2: This survey I made on SurveyMonkey is 5025.00 USD for 5000 correspondents (seems to be the max). There are 3 questions, one to find out how many of them are stock holders to compare against US averages, also a question to find out how often they fill out surveys, and see if there is a correlation between people that complete surveys and how many GME shares they own. (the grey questions are just grey because of the interface). I made the shareholder brackets correspond to the DRS bot so I can compare more directly and use it's averaging data. I split the xx category so we can gain insight as it stood out in my DD.
+
+​
+
+https://preview.redd.it/rophssiwd6o81.png?width=520&format=png&auto=webp&s=c2f84774b7ab97f53df2394d67f6e78cdd268a8b
+
+​
+
+Here is the demographic info. I'm pretty sure Survey Monkey includes the ages/incomes/region/gender of every respondent in the results
+
+​
+
+https://preview.redd.it/c4bvly28e6o81.png?width=435&format=png&auto=webp&s=17b317ea71ce51bdda179776fbc6bd3c716c1544
+
+​
+
+​
+The other day I went to make a payment on my Wells Fargo credit card. When I logged into my online banking my credit card did not appear. I immediately called WF wondering why my CC wasn't showing up in my online banking. 
+
+After verifying my identity I was told that my CC was currently restricted because I was reported deceased on November 14th.
+
+I was then put in contact with some deceased estate customer rep person who was a little confused as to how I was calling when it was showing on there end that I was deceased. 
+
+My rewards from Wells Fargo (from the CC) have been sent and issued to my dad. My dad called asking what this was about and they (WF) explained to him my current debts - which he is not happy with me about. Is it legal for my bank (Wells Fargo) to be giving information about my financials to someone else?
+
+WF will not tell me who or what agency reported me as dead? Are they able to withhold this information?
+
+Is it possible this is a form of fraud? I am not sure what I should do in this situation.
+This is my first post here, but I actually meant to make this post earlier when SOL went down for 17 hours in September.
+
+ I was very enthusiastic about solana and I was on the verge of buying a bag of SOL several times. 
+
+The first time the system went down, I still thought to myself that this was going to be a one-time error. I did lose a lot of faith in the blockchain, but I found the concept of "proof of history" very interesting, so I was still interested in the coin. 
+This was followed by the large price increase and the necessary hype, which caused the price to rise even more. SOL was quickly in the top 5 cryptos and took over ADA's spot easily. 
+
+Suddenly, in September the system goes down again for several hours. I thought this would be the end of SOL. This was when I was extremely surprised that SOL's price remained stable and even continued to climb quietly. I didn't understand. 
+
+But when the ddos ​​happened and the system was down again recently, I really really thought that SOL was going to plummet (especially in these difficult times full of uncertainty). This STILL didn't happen.
+
+I honestly wonder how it is that SOL is still in the top 5 cryptos.
+Link: https://www.economist.com/business/2018/11/08/indias-banking-system-is-flirting-with-a-lehman-moment   
+
+not sure what exactly to put for the mandatory TLDR. I see the article talks a lot about 'shadow banks'.  Trying my best TLDR :  
+
+>The other quarter is from a motley crew of 50-odd shadow banks that have expanded quickly. They are less heavily regulated and lend in particular areas such as housing. They are usually prohibited from taking deposits so fund themselves with debt. Last, there are innovative digital firms, such as Paytm, a mobile-payments firm. Overall, the system straddles the 19th and 21st centuries, featuring subsiding bank branches protected from the monsoon by tarpaulins, but also virtual mobile chatbots.
+Lately, there has been growing chatter around whether the current rally that we are experiencing over the past one and half years is mainly driven by speculation and if we are in one of the largest investment bubbles ever.
+
+>Why the Stock Market is in a bubble? - [Business Insider](https://www.businessinsider.com/stock-market-bubble-when-will-it-pop-powell-fed-stifel-2021-11)Investors are overestimating earnings growth far more than they did during the dot-com bubble - [Bank of America](https://www.businessinsider.com/stock-market-crash-bank-of-america-warning-sign-shows-drop-2021-11)
+
+Even professional investors whom I consider level-headed and not indulging in sensationalization are calling the current rally unsustainable.
+
+>This Will Not Last - [Nick Maggiulli](https://ofdollarsanddata.com/this-will-not-last/)
+
+Adding to all of this, we can see that the [Shiller PE Ratio is now climbing close to the 2000 dot-com bubble level.](https://preview.redd.it/095t1dtniq281.png?width=899&format=png&auto=webp&s=7db181ad101f44183162eae205bcdb5fb857e01f)
+
+While it’s easy to say that it’s all a bubble and we should be liquidating all our investments based on the current trend, I feel that we might be missing the other side of the story. The 2020s are wildly different times compared to the 2000s and we should not be looking at both scenarios through the same lens. There is an immense difference in the available capital, interest rates, and ability of the retail crowd to invest in stocks now compared to 20 years back \[1\].
+
+So what I wanted to analyze is: **Should we really be worried about the current trends or is this the ‘new normal’ given the drastically different situation we find ourselves in?** Finally, this would give us an insight into how to manage our current portfolio and future investments! \[2\]
+
+**The Warning Signs**
+
+Let’s first look at the dive into the various concerning trends that we are observing in the current market. (Spoiler alert — there are a lot of them!)
+
+**PE /Shiller PE (CAPE)**
+
+The price to earnings ratio has been historically used to understand if the market/company is overvalued when compared to historical trends. Shiller PE is adjusted for the cyclical nature of earnings when compared to normal PE.
+
+The current concern is that as of Nov’21, the Shiller PE for the S&P 500 crossed 40, which is **the highest reading in the last two decades**. The last time the Shiller PE crossed 40 was during the 2000 dot com bubble (The value reached only a max of 27 before the 2007 financial crisis).
+
+The red flag here is that those who invested when the CAPE was above 40 last time (1999-’00) had to wait another 7 years to break even for a brief period of time (just before the 2007 housing market crash) and then wait another 5 more years before the market consistently settled above their buy-in price.
+
+**Money Supply Growth (Aka ‘Money printer go brrr’)**
+
+[1/5th of all U.S Currency in circulation was printed in 2020.](https://preview.redd.it/fzax1ecriq281.png?width=600&format=png&auto=webp&s=b59bc4f2bfde765ffab5deb3376ddae53b5fe4c3) While it might be argued that there are structural reasons why this was required, there is no denying that only a small portion went into the actual paychecks that people received and a vast majority was used for keeping companies afloat. One can argue that even the stimulus has been increasingly trapped within the financial markets and fueled speculation.
+
+**Increasing use of leverage**
+
+There are two ways of using leverage while investing. The first method is borrowing money to invest in the markets and the other is using options. Both of these have seen a dramatic rise in the past 2 years.
+
+[This survey conducted by Magnifymoney](https://www.magnifymoney.com/blog/news/debt-to-invest-survey/) for almost 1,000 investors shows staggering results. 80% of Gen Z and 60% of Millennial investors have borrowed money to invest in the market. More than 50% of the surveyed population borrowed more than $5k or more for investing. While leverage works great in a bull market, it can destroy your portfolio during downturns. \[3\]
+
+[Research by Goldman Sachs](https://preview.redd.it/kkx1cfjtiq281.png?width=854&format=png&auto=webp&s=b8af5f2398c5273fc770ba1f6a265ad3ffcf1a7b) shows an even more concerning trend. Retail brokers alone are now trading more options than ***the entire market used to do in 2019***. While this can be attributed to the democratization of complicated investment instruments by platforms such as Robinhood, Fidelity, E-Trade, etc., it’s highly unlikely that all the retail traders who are using options completely understand the instrument and the inherent risks while using it.
+
+**Rise of new issues and speculative assets**
+
+More than $600 Billion have been raised by IPO’s this year. This is the highest number of deals in the last decade or so and has even left the 2007 record in the dust. The cherry on top was [the Rivian IPO](https://marketsentiment.substack.com/p/rivian-ipo) where the company is now valued at more than $100 Billion with zero revenue and less than $50 Million in pre-order deposits.
+
+SPACs \[4\] also witnessed incredible growth with the number of SPACs jumping from a mere 59 in 2019 to 248 in 2020 and then a massive 559 in 2021 (As of Nov ’21). The staggering rise in IPOs and SPACs showcases the availability of cheap capital and investors’ desire to hold assets. This is very similar to the dot-com bubble where there was a [large spike in IPO’s just before the crash.](https://www.statista.com/statistics/270290/number-of-ipos-in-the-us-since-1999/)
+
+This is without even getting into the speculative world of Crypto where [NFTs are being sold](https://www.cnet.com/news/this-cryptopunk-nft-just-sold-for-530-million-kind-of/#:~:text=CryptoPunk%20%239998%2C%20part%20of%20a,for%20%24530%20million%20on%20Thursday.&text=It's%20the%20most%20expensive%20NFT,ethereum%20%2D%2D%20about%20%24532%20million.) for more than half a billion dollars, a coin that started as a literal joke has a market cap of $27 Billion and there are now more ICOs than anyone can keep track of!
+
+**Investor expectations**
+
+More than the P/E ratio, **i**[nvestor expectations seem to be the highest in recent history.](https://preview.redd.it/qnfuyiqwiq281.png?width=1125&format=png&auto=webp&s=fb279b8dae3bd9803be4b8f7bf26c1984f7a87b8) The price-to-sales ratio shows how much the market values every dollar of the company's sales. As we can see on the chart below, more than double the companies are trading above 10x their sales when compared to the 2000 dot com bubble.
+
+If you consider a [four-year time period](https://ofdollarsanddata.com/this-will-not-last/), stocks that had a very high P/S ratio have underperformed those having low P/S ratio since most companies don’t grow as per expectations.
+
+Now that’s a lot of bad news for anyone to digest! But,
+
+**Are we certain it’s a bubble?**
+
+There are multiple factors that can be attributed to the current rally. Just because we are in an impressive rally, it does not mean the only eventual outcome is a bubble and subsequent crash. Let’s look at the key factors that are driving up the stock prices over the last few years.
+
+**Low-interest rates**
+
+This is one of the key aspects that many miss while comparing the current rally to the 2000s dot-com bubble. Between 1997 and 2000, the fed rate varied from 5 - 6% compared to the [historically low 0.25% that we have now](https://preview.redd.it/x1408niziq281.png?width=700&format=png&auto=webp&s=ee123520c9b2ea0d2f9b10b59d6b2fd181fac446). This means that the capital available now is much cheaper (to prop up the economy after Covid) than it ever was. This is bound to have a positive impact on the stock market with investors moving their money from bonds and other lower returning funds to the stock market in search of better returns.
+
+**New Investors**
+
+It’s no secret that we all hate Robinhood. [But the data they put out during their IPO filing](https://preview.redd.it/lpojhko0jq281.png?width=935&format=png&auto=webp&s=1ede81940da2355edc282ba1feca54bad415c4b0) shows that there has been a staggering growth in new investors/traders coming to the market. All of these new investors would bring fresh capital into the market triggering another bull run which we are experiencing now.
+
+**401(k) and Index funds**
+
+As I have highlighted in [one of my previous article](https://www.reddit.com/r/wallstreetbets/comments/piyri4/the_index_fund_bubble_should_you_be_worried/)s, the amount of inflow US index funds receive is massive (more than $50 Billion fund inflow is expected to occur to just the Vanguard 500 index fund this year) and index funds are expected to make up [more than 50% of the fund market](https://www.theatlantic.com/ideas/archive/2021/04/the-autopilot-economy/618497/). According to [this report](https://www.cnbc.com/2021/08/19/401k-balances-hit-a-new-all-time-high-fidelity-says-.html) from Fidelity, the average 401(k) account now has a balance of $129K and 12% of workers increased their contribution.
+
+The key point being: all this new capital that is being allocated into the index funds is expected to cause a rise in the overall valuation of the stock market \[5\].
+
+**What’s the implication?**
+
+As long as the above factors remain as is (Fed maintaining its rate and a steady supply of fresh capital) we might see the party go on much longer than expected.
+
+**Conclusion**
+
+The market of 2021 is significantly different when compared to the 2000s. As we can see there are more investors, cheaper capital, and even more passive funds that are flowing into the market than ever before. So I feel that looking at the current market and comparing it directly to the dot-com bubble is a tad wrong.
+
+But, that’s not to say that all is well. Almost all the fundamental indicators are flashing red and even the experts are predicting a significant drawdown in the near future.
+
+The expected annual return by investors [above inflation is a whopping 17.5%](https://preview.redd.it/b4vspq13jq281.png?width=928&format=png&auto=webp&s=aa81e2478da9eb80ba1b001e0a2c6b29d9313b97)(which is 161% more than what is realistic) — This is a testament to the euphoria we are seeing in the market now where a yearly double-digit return is the norm.
+
+Even if we are in a dot-com bubble-like scenario, [this thread from Corry Wang](https://twitter.com/corry_wang/status/1345192541545766915) perfectly summarizes the issues with making money calling a bubble in the middle of the bubble.
+
+Basically, even though everyone knew it was a bubble back in 2000 (Investment firms did entire conferences comparing the internet companies to Tulip mania as early as ‘98), **making money using that information was hard!** There were a few investors such as Mark Cuban and John Templeton who successfully shorted the stocks at the peak of the bubble and made a killing when the market crashed, but there were many others who lost their entire investment shorting an overvalued market which went on for longer than anyone could have expected.
+
+It makes perfect sense to be apprehensive about investing in the current market. But, pundits have been calling a [crash from as far back as 2017](https://fortune.com/2017/08/10/stock-market-crash-today-down-bubble-2017/). Right now based on fundamentals, the chances do look far higher. It does make sense to not make significant one-time investments in the market now. But, changing your portfolio significantly based on recent trends might not be the best long-term strategy!
+
+As Peter Lynch quoted,
+
+>Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves
+
+Until next week…
+
+**Footnotes and Existing Research**
+
+\[1\] The amount of commission charged per trade before the rise of the zero-commission trading model was staggering. In the 1980s average commission per trade was $45.
+
+\[2\] As always, I am not a Financial Advisor. This is not investment advice. Please do your own research before investing.
+
+\[3\] Leverage only makes sense as long as the equity you are investing into would give better returns than the cost of capital at which you borrowed. Otherwise, your losses are magnified as you have to pay the interest for the borrowed money as well as take your losses on the underlying asset.
+
+\[4\] For those who don’t know, a [special purpose acquisition company (SPAC)](https://email.mg1.substack.com/c/eJxdUEGOwyAMfE05ogABkgOHvew3IgJuihpIBE6j_H7d9rbIYLAGe2aCR1i2ejmEhmzfGk547eAKnG0FRKjsaFCnFB2LrrMy2JmlNt0rQPZpdWw_5jUFj2krb5SyojOCPZwJMoo4Cun16Me7hiDuYMMsNS26fYf5IyYoARy8oF5bAba6B-LeburnJn8pzvPkqbyI3rZDTJ6HLVOZmOVG-bN3H7hvO0tOdlIIobpu7K1SXHIDQUejej9bqXsV-TBUa1aVb32XF8HbMTf04fluy6rLvj4BGxRMmQ6-phcQcnlr_UBI7kQ5HyXhNUHx8wrRYT2A4dfEjy_TAgUqmRsnj04YNUijje57M3yFk1X06IXVghGHuNGv8n_8H82YjVI) is a company that has no commercial operations and is formed strictly to raise capital through an initial public offering (IPO) for the purpose of acquiring or merging with an existing company. It’s generally considered riskier to invest in a SPAC as it has lower reporting/regulatory requirements when compared to traditional IPOs
+
+\[5\] And no, this is not going to cause an [index fund bubble](https://www.reddit.com/r/wallstreetbets/comments/piyri4/the_index_fund_bubble_should_you_be_worried/).
+This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics.
+
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+
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+
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+
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+
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+
+# important links
+
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+
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+
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+
+*Daily discussion threads are created at 4:00 a.m. EDT*
+I guess Jeffrey Gundlach's bluff is being called out and the Fed will deliver on their March 23 promise. 
+
+I will definitely be looking closely at the Fed's weekly statistical releases over the next few weeks to see changes in the balance sheet. 
+
+
+https://www.newyorkfed.org/newsevents/news/markets/2020/20200501
+
+https://www.newyorkfed.org/markets/primary-and-secondary-market-faq/corporate-credit-facility-faq
+Yes, the other 30-60 firms whomever is tweeting about need to be prosecuted. But legitimately, how can ANY investigative body ignore the actual market maker sending 90-95% of trades through the dark pools? 
+
+There's no price discovery. The dark pools that Kenny helped design are clearly not just to trade between institutions. 
+
+And why in the hell can't the SEC just turn off dark pools for a month to see what happens? I mean, that's rhetorical because it would implode the markets. 
+
+Ignorance is bliss. I spent 36.5 years having no idea quite how badly I've been fucked as a working American. I had NO idea how truly fucked I was getting. I mean, I didn't even get an orgasm from this thing!
+It’s been over a year since my first post [https://www.reddit.com/r/financialindependence/comments/emwhuo/27_black_female_raised_in_hood_just_crossed_100k/] and I have missed you all.
+
+Since then, I continued working at my 100k salary job until I was laid off in spring 2020. I was hurt by this. Not because I was unemployed, but because I would miss everyone I worked with over the course of 5 years. However, deep down I knew it was time for me to move on. I only received one promotion in a five year period and there was no indication I would receive another if I stayed. I also felt as if I learned as much as I could in that position. So sorrow quickly turned into optimism.
+
+Luckily, I received a severance package and stayed on my healthcare plan for 3 months. During that 3 month period I biked daily, played video games, read and became a better partner to my boyfriend all while applying to jobs. It was a stress free time (minus COVID) and I often miss it.
+
+Almost one week before my severance/healthcare was set to end, I received a job offer from a well-respected company for $175k (base: $150k) with a job title x2 higher than what I had previously. The funny thing is I never asked for that amount. I originally asked for $130k base after doing research for similar roles. The recruiter said he would ask for more on my behalf. I cried like a goddamn baby after that call. Life is strange.
+
+Despite getting laid off in 2020, my NW continued to rise during that time. I invested $63k in 2020 and am on track to invest even more this year. As of today, I am 28 y/o with a NW of $350k. If you include my partner, we total ~$710k NW combined. As an FYI, we still don’t want kids and are talking about getting married in the next 3-4 years. We also have no interest in owning a house since we still don’t know where we would like to live long term. We hope that when we travel in early retirement we’ll get a better idea of where we want to be. Who knows, we may decide to rent forever.
+
+I never thought in a million years that I, a person who grew up in squalor, would be where I am today. The pandemic has reinforced my desire to retire early. Life is so fragile. While I’m incredibly lucky no one in my family died from COVID, I know that time is limited. 
+
+While the company I currently work for is a dream come true and my job is surprisingly fun, I refuse to get too attached. The moment I reach my number, I will happily walk away. At the end of the day, my job doesn’t define me and it shouldn’t define you either.
+
+Until next time...
+I had my first dental appointment today in over a year. It wasn't the \*worst\*, but it wasn't the quick cleaning that I usually have. There's some gum disease, which doubled the cost of the visit, and it's bad enough that I have to come back again next month. Fortunately I found out from my dentist that they have their own discount plan for $59/year which reduces the cost of all visits, and I encourage anyone who is still laid off to look into this.
+
+The timeline of my assumptions/decisions that led up to this:
+
+​
+
+1. Laid off for covid, didn't add dental to Cobra because I had just had a cleaning and I figured I would find work "soon".
+2. When the 6 month cleaning time came around, I decided not to go. This was partially covid, partially I didn't have a job yet, mostly just using those excuses to say I didn't feel like it.
+
+When I decided not to opt in to Cobra dental, it would have been about $600/year. 2 cleanings/visits at about $150 each are usually what I need and so I took that calculated risk. It still might not end up costing more than that, but I realized that having insurance meant I was more likely to actually go, because I wouldn't want to lose out of benefits I was paying for.
+
+This may be no-brainer stuff to some people, but if it helps one person go get their teeth taken care of, I figure it's worth sharing this story.
+
+Edit to add link/info on periodontal disease: Many people in the comments have said they never need to go to the dentist and had no issues, or think that dentists over-diagnose deep cleanings. Everyone should of course make their own decisions based on their health history. Given that gum disease can creep up on you and not seem bad at first, I don't think twice a year is a bad recommendation for most people-- and my lesson here was that I am not one of those lucky people. [https://premierperiodontics.com/dental-blog/what-happens-if-you-dont-treat-gum-disease](https://premierperiodontics.com/dental-blog/what-happens-if-you-dont-treat-gum-disease)
+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!
+
+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!
+
+Which are the best Mutual Fund Comparison tools. I use Morning Star and Value Research online. I would like to know more about other MF comparison tools available for investors as well.
+My wife and I put our house on the market for sale on Friday, and today I received a call from a young lady saying she drove by after receiving my email about renting and wanted some more info. I have not sent out any emails, but I opted to allow other realtors to market it on their website so assumed maybe that was it. She forwarded me the email and it was from a person with the my wife's middle name and maiden name. It then was some small sob story about how they were renting it themselves because their previous rental agency was raising their rates. The email also included all the images from our MLS listing, monthly rental price, security deposit amount, and the incorrect sqft.
+  
+This was an unsolicited email that this girl received, and had she not gone to the house and called the number on the sign could have potentially sent over all of her information tho this person for a "credit check". She said she had been looking for rentals on Trulia and Zillow and assumed that's how they got her email. If you are receive an unsolicited email like this be extremely cautions as it is most likely a scam.
+I work for a medical group and we see this quite a bit.  The physician will say one thing and then the patient finds out that it isn't covered and health insurance nightmares quickly ensue. 
+
+Your physician is not familiar with your insurance plan and what they may or may not cover.  They have a pretty good idea but when it comes down to healthcare and non-price transparent services PLEASE always use caution.  You will be the one paying not them.
+
+There are several ways to go about this.  #1, which your physicians office sometimes will do, is get a pre-certification or a pre-authorization.  This is basically them calling the insurance and saying we're going to do X and we want to know it's covered.  Insurance will give them some sort of documentation and then you can generally expect that service to be covered.  
+
+ #2 you can call your insurance company and inquire.  Please be advised this is not full proof and they will not hold their people responsible for telling you the wrong thing.  Please default to #1 above if in doubt.
+
+For our Medicare patients; if you ever get an ABN or advanced beneficiary notice they are telling you that whatever you are doing or having done is NOT covered.  Please be aware of this.  
+
+I hope this helps as I have been seeing more of these issues.
+So to give a background story, i have 2 biological siblings and we’re all adopted to one mother. My “mom” wants to kick me and my brother out soon because she can’t afford the house we live in currently (a whole big topic/story). She’s taking my little sister with her who just manipulates her and is kind of a puppet master and is broke and jobless(17). I had nothing growing up and i live as if i’m poor. I save all of my money. I recently purchased a car but my brother(22) is still struggling in life and has a spending addiction. We work at the same place and the car i bought i share with him but he still (after around 6 months) doesn’t have money for a car… 
+
+Growing up and becoming adopted made my social anxiety worse but i’m aware of it and trying every single day to make it better especially now that i’m a manager at a fast food place i can already tell i’m improving day by day. It’s currently early October as i’m writing this and i’ll be kicked out sometime in early November because my mom isn’t paying anything on the house we’re in now. I’ve always been independent but i don’t think i can afford anything around where i live while still in high school and working full time. It really gets to me mentally and stresses me out. 
+
+I love helping people and working but my mom who has early onset dementia doesn’t see that i guess? I’m not really close with anyone in my house except my brother. My sister backstabbed me (another topic/story) and all she does in my house is smoke pot with her deadbeat boyfriend all day and my mom allows it. I don’t have many friends because i’m not really social so it’s not like i can go anywhere plus i don’t really wanna seem as if i’m a burden after all… I’m really not sure what to do, I may have to live in my car, i don’t have anyone in my family that i know which sucks and i feel as if i hit a dead end at such an early age. 
+
+I thought about dropping out and getting a GED because i want to pursue a career in computer science and i don’t really need school for that if i am able to self teach myself, but, then again, i’m not sure. I’d love to be set up financially and i’m not sure how to do it. i already have 50% of my money invested in stocks long term because i love to save and invest money for my future. if there’s any advice on what to do or where to go please send any advice my way because i love to learn new things from people who either have been through tough situations like this or can just see the situation from a broader view.
+Welcome to the Daily General Discussion thread of /r/EthTrader.
+
+***
+
+Thread guidelines:
+
+-  Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread.
+-  All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them.
+
+***
+
+ Resources and other information:
+
+* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education).
+
+* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto).  Account permissions are required to post comments through Reddit-Stream.com.
+
+***
+
+Enjoy!
+
+I find myself flush with cash, all the time. However I usually just end up pissing it away on useless things- like bacon, for example. The really expensive bacon. Then cars, I went and bought a $65,000 car last year, then it ended up being written off due to mechanical issues (no fault of my own, the "warranty" at the dealership was a fat waste of money and they found a way to slime their way out of paying out for the work). 
+
+So, high time I put cash aside as last year my S.O got cancer and it was a wake up call that I did not have a slush fund/emergency fund sitting on call if I really REALLY needed it. 
+
+I set up a bank account with Rabobank (the biggest bank in Holland, I understand). Anyways, here in NZ they open it up without any branch visits or actual physical locations (all done online). Then they provide an electronic two tier authentication device that you need to log into the internet banking every single time. 
+
+Well, that second tier device I have given to my S.O and she has put it away where I "cant find it". The password is all in my head (a significant event in my life, the date of which only I know and it is burnt into my memory) so I have the password- she has the keys. Only when we REALLY NEED IT- will we access it with "our powers combined" (not a Cpt Planet reference but yes that did play out in my head r/nostalgia) 
+
+Will move it up to $1000, then put that amount into a higher earning term deposit account then move the balance up to another $1000, then rinse and repeat. In a few years time I hope to have a bunch of $1000 financial babies flapping around and hope to instill a habit of saving to my kids as well. Each $1000 parcel will have its own purpose attached to it (car troubles, funeral expenses if a family member died, illness, bacon shortage on a global scale).. you get the idea.
+
+Would like to thank this subreddit for popping up so much on my home page that I finally decided to sort my shi* out. 
+
+EDIT1: well holy balls, batman- this blew up overnight! 
+- I just spent a good chunk of my early morning having a giggle. 
+- S.O is fine now thanks for those asking, they cut out most of the cancerous tumors and she goes for bi-monthly reviews- she still nags at me though (maybe more than beforehand! thanks, modern medicine!). 
+- Many people asked what car it was - AUDI Q7! (insert childish vvvvrrrrbbooomm noise). 
+- The fond appreciation my fellow human being shares for bacon has me thinking there is a hope for humanity after all. Perhaps bacon could solve the North Korean conflict?
+- To the woman that commented saying her husband had to put the bacon down and walk away from it, DM me and I will get a bacon related gift for him to make up for it! 
+
+EDIT2: ha! sweet! #1 in r/personalfinance 
+
+EDIT3: I lost count the number of people that expected shaving/beard related things. funny thing is I am growing a beard at the moment and launching a beard-related product soon as a side gig. r/whataretheodds lol
+Hey Cryptomarkets! You may remember from my last post [Top crypto picks for 2018: building a futureproof portfolio](https://www.reddit.com/r/CryptoMarkets/comments/7mzpea/top_crypto_picks_for_2018_building_a_futureproof). I had such an overwhelming positive response of people sending me PM's commenting how much money they made because of my post, I've decided to share my updated portfolio picks. 
+
+**My methodology**
+
+Same as before. The golden rules I follow when investing keep me from chasing pumps and dumps and ensure I'm invested in solid, usable and futureproof trechnology. I think the most important rule is to not chase pump and dumps. Research every coin that you think has potential and make decisions from there.
+
+Personally I only invest in coins with:
+
+ * Solid and usable technology
+
+ * Clear future use-case
+
+ * Transparent researchable team
+
+ * Evidence of active GitHub or code or working product
+
+ * Token has value within the project (inherently part of the ecosystem)
+
+If a coin is missing one of these characteristics, it needs to be super strong in another field to make up for it. Honestly the biggest gains I have made are the projects I researched thoroughly, believed in and then HODLed, even through all the dips.
+
+**Core picks**
+
+These are my blue-chip shares: the projects I believe have proved themself worthy of the long hold.They will hold (relative) value through dips but still have the potential to increase exponentially with adoption. You'll notice most of them are platforms, not specific projects. Most of my reasoning behind this is because while singular projects may multiple in value, platforms will increase in value exponentialy.
+
+ * **[Ethereum](http://wcibtc.com/ethereum)** - Ethereum is currently without doubt the leading smart contract and trading cryptocurrency platform.  If you've ever taken a glance over the top 300ish coins, you would be astonished by how many of them are ERC20 Ethereum based tokens. With it's fast and cheap transactions, Eth is always my go-to mode for transfering and buying crypto. 
+
+ * **[IOTA](http://wcibtc.com/iota)** - DAG based data-network build for machine to machine transactions where you complete proof of work for 2 other transactions before yours is processed. People also seem to forget that IOTA software is only half of the picture; The IOTA devs have been working on processor hardware that can complete proof of work at a machine level. The IOTA Foundation (non-profit) has been hiring some of the best names in crypto over the last year and they have a great number of partnerships with technology giants, including Robert Bosch Engineering RND, one of the leading chip technology developers in the world. IOTA is still a beta product, but if they keep shooting goals at the current rate their network will rival that of current blockchain infrastructure.
+
+ * **[Neo](http://wcibtc.com/neo)** - Smart contract and do-it-all platform. Often refered to as chinese ethereum with good reason. NEO has a huge developer community and HongFei has tweeted recently about being in talks with the Chinese government to provide a standardised platform to stick to their regulations. Perfect vehicle for Chinese capital to flow into the crypto ecosystem.
+
+ * **[Monero](http://wcibtc.com/xmr)** - The best privacy coin. As long as everyone is able to see all your transaction and wallet history, crypto will never be suitable for real-world adoption. Monero is the number one competitor in the privacy space (at the current time). Excitingly, Monero has a major update planned for March 2018, with their planned release of their BulletProofs update. This update is expected to greatly decrease both transactions times and fees while reduced the memory requirements of their software. 
+
+ * **[Stellar](http://wcibtc.com/xlm)** - Since my last post, I've had the oppurtunity to research Stellar is much greater details, and I have been thoroughly impressed with what I have found. Honestly, their partnership with IBM speaks more then I can shill, with IBM running many of their public nodes, showing their public backing of this project. Most exciting is FairX exchange that Stellar is launching 2018 which will offer both altcoin and fiat trading pairs. Rumoured to be a much needed direct competitor for Coinbase.
+
+ * **[Request Network](http://wcibtc.com/req)** - Edited this in! Can't believe I forgot REQ. Request Network is a full suite of auditing and financial tools including payment processing and fiat to alt coin conversion. REQ is backed by tech kickstarter YCombinator. They have now released their test net running on the Ethereum Rinkeby network, and are set for mainnet release in Q1 2018. If REQ achieves it's vision, it will completely revolutionize the financial and auditing industries.
+
+ * **[Factom](http://wcibtc.com/factom)** - A token which builds off other blockchains to store financial contracts and data. Multiple grants from Dept of Homeland Security and Bill & Melinda Gates foundation. Working with Linxens (one of the largest RFID and passport manufacturers in the world) on Smart Identity products. They already have multiple Fortune 100 customers that will be annouced in Q1 2018 who are already implementing their products. Factom is one of the best blockchain technology usage cases I have ever seen.
+
+**Trading picks**
+
+While I wouldn't consider these picks risky by my methodology, they lack the long term credibility and are probably more prone to volatile behaviour. Higher volatility means higher potential gains, but higher chance of loss. At this stage, I don't plan on really holding any of them super long term, but they may be good for some short-term gains.
+
+ * **[UTrust](http://wcibtc.com/utrust)** - Payment platform system with the world's first inbuilt cryptocurrency consumer protections. Utrust has largely missed the hype that has driven REQ price in the last week and there is certainly potential for them to gain ground in the payment platform sector. 
+
+ * **[Lamden Tau](http://wcibtc.com/lamden)** - A suite of developer tools that speed up the process of creating new and custom blockchains and apps. I haven't had a chance to fully read up on how they plan on implementing their toolset but they have a highly professional team with set usecase and roadmap. Only available on EtherDelta currently so it's a bit of a dark horse.
+
+ * **[Chainlink](http://wcibtc.com/chainlink)** - Decentralized oracles for linking real world applications with blockchain applications. I called this on my last post and it has tripled in price since. Chainlink is the next step to blockchain technology intregration and it currently has no real competitors in this space. Chainlink's potential is unbelievable. 
+
+ * **[Quantstamp](http://wcibtc.com/quantstamp)** - Smart Contract auditing. Token holders also receive a free airdrop of every smart contract they audit. Just like Request Network, QSP is backed by kickstart YComb giving it some of the best tech connections a company could hope for. 
+
+ * **[Horizon State Decision Token](http://wcibtc.com/decision-token)** - An australian startup focusing on providing a immutable polling and election results. They already have their product integrated in MiVote and are launching fully this year. This type of immutable data storage is the perfect example of the power that blockchain technology can have in real world applications, especially with such controversy surrounding recent elections. Imagine how much simpiler 2020 elections would be with this technology being used ;)
+
+ * **[Modum](http://wcibtc.com/modum)** - Real time tracking for (legal) drugs in Europe. Credible team and has a working product. Modum has been one of the tokens that has a real-world usecase, but has been largely ignored mostly because (i think?) people tend to flock to the larger chinese startups like Walton & Wabi.  Modum already has existing customers and existing revenue, it can only go up with adoption.
+
+ * **[Raiblocks](http://wcibtc.com/raiblocks)** - I've dropped this from a core pick to a trading pick. I love Raiblocks. I love it's free and fast transactions. But it lacks the development infrastructure. I know the dev team is working on this and I love that it has a huge future ahead of it, but I'm not ready to go all in with the recent 30x in price. I jsut think the development has a little catching up to do on the pricetag. Bright future ahead. 
+
+ * **[Binance Coin](http://wcibtc.com/binance-coin) / [Kucoin Shares](http://wcibtc.com/kucoin-shares)** - I'll lump these two in together because they have almost identical use-cases and purposes. Binance is now the number one altcoin exchange in the world - Their token is used to lower fees and they have been burning them to lower supply. Kucoin Shares give the holder a small percentage of every transaction fee that the exchange takes. It's honestly hard to value these kinds of coins but they both hold critical roles with-in their respective exchanges.
+
+Feel free to share in the comments your top picks for a balanced portfolio. 
+
+2018 is going to be a great year for crypto!
+
+
+We stopped by an open for inspection near us of a sizeable two bedroom apartment with an interesting vibe. while we were there my wife looked at the basic equipment in the kitchen and muttered that it looked like an Airbnb - suddenly everything fell into place. The size, location, the ‘OH THE PLACES YOU’LL GO decay on the staircase walls, the Ikea artwork on the wall. So chalk one up...
+
+Anyway the agent mentions in passing another unit in the block is up for sale and wouldn’t you know it... exact same artwork on the wall, basic kitchen supplies, Airbnb vibes. 
+
+[Here’s the listing for the first one for the interested](106/16-22 Cobden Street, North Melbourne, Vic 3051 https://www.realestate.com.au/property-apartment-vic-north+melbourne-133584178)
+
+Listing for first apartment: 106/16-22 Cobden Street, North Melbourne, Vic 3051 https://www.realestate.com.au/property-apartment-vic-north+melbourne-133584178
+
+Listing for second apartment: 107/21-27 O'Connell Street, North Melbourne, Vic 3051 https://www.realestate.com.au/property-apartment-vic-north+melbourne-133634738
+
+It appears at least one person in our area has decided it’s not worth waiting on Airbnb returning to sell. Otherwise stock is low, quality generally poor. 
+
+So, what have your observations this week?
+Hello! I am working with my attorney on the creation of an LLC/transfer of the property into it (closing my first property today). We noticed on the closing docs the callout of changing ownership could result in calling of the total loan. My mortgage broker who is a friend of mine says that is standard for investment properties, and that everyone just transfers them anyway since the note holder isn’t notified. He also mentioned if found out I would just transfer ownership back to myself. Is all of this true? What is the best course of action? Any help is greatly appreciated!!
+ I just bought a home in Western Washington north of Seattle. It’s a large beautiful home with a view, lots of sunlight, a hot tub, an above ground pool, in a nice town with good schools, and has a good commute for me and my girlfriend.
+
+On paper it is perfect. The day after I moved in I started feeling terrible realizing that my core group of friends (basically family at this point) lives 1hr to 1.5hrs away. I should have bought in the town my friends live in, which is South of Seattle. The town with friends is over 1.5hrs closer to skiing (each way), 35 minutes closer to hiking/mountain biking (each way), is closer to my family by 20 minutes to 50 minutes. The Schools in the other town are amazing. 
+
+The only downsides to the other town is it would be about an hour commute for my girlfriend if/when they go back to the office 1-2 days per week, and home prices there are 10-15 percent higher, and the housing market is insane to get into. It will be a long hard challenge to get even a decent house there.
+
+I have only been at my new home for two weeks. I could lose up to 30k from a sale this fast due to commissions, and the mortgage of a new home would be at least 500 dollars more a month. If I rent this house out and rent elsewhere I’d lose at least 1k per month.
+
+I feel alone this far from people I know, it prevents getting together easily, it would be nice to have people close to help in an emergency/watch the future kids/dogs for an hour etc. I used to live close to them all and don’t want to lose that.
+
+Is this a terrible idea? As of now I’m planning on listing it next weekend and seeing what I can get.
+Edit: Sorry if it was not clear. My question is why is it advised to close the losing trade and immediately reopen a new trade *on the same ticker*, **instead of opening a new trade on a new ticker**, which may offer more premium? The common advise is to always roll on the same ticker. No one suggests "hey maybe do some research, there could be another ticker that offers even better premium/better risk than the ticker you just closed". It seems to me that if you close a losing trade, you should not just reflexively open a new trade on the same ticker. Instead you should do your research and find the best ticker available to open the trade on.
+
+---
+
+I'm new. It is commonly suggested here that if your CSP or CC is a loser, you can either take assignment or roll the trade. And by rolling the trade, it always refers to buying-to-close the losing short on a given ticker, and then selling-to-open another short *on the same ticker* at a later expiration, "hopefully for a credit".
+
+To me, this sounds like the sunk cost fallacy. Psychologically, if you roll out on the same ticker for a credit, you can tell yourself you didn't really have a loss. But of course, you did have a loss. You would have been better off if you didn't make the first trade at all, and instead just made the second trade.
+
+What is the point of opening a new position on the same ticker? Wouldn't it be far superior to open a new position on the best ticker available, which may or may not be the same ticker?
+
+Am I missing something?
+I'm thinking about going through a financial planner pretty soon and was just hoping to get an idea of what process they would take with me and what bases they would cover! Curious if any people have an experience they can share with me!
+My father (who has spent his life working in banking/accounting) set up a premium bonds account for me when I was born. I think he originally deposited something like \~£20,000. I am now 21 and the account value is exactly £25,000. This is in-line with the measly premium bond average ROI of \~1%. 
+
+Exactly 1 year ago I began trading on Trading212 using my personal savings of £3,000. I have since grown this portfolio around 300%, namely by making a few (fairly lucky) pennystock trades - one of of which ended up returning >1000%. I am well aware that market conditions this year have been abnormally bullish and that I have been lucky to achieve this return. Likewise, I do not expect to achieve anywhere near this ROI going forwards. But I am now in a position where the growth of my premium bonds account is depressingly negligible in comparison. Moreover a bit of 'napkin maths' would suggest that in real terms, inflation has actually reduced the value of my bonds account by almost half or \~£12,000. 
+
+Given I now have some experience trading and investing, and I am in a position where I don't really need this money in the short term and have always thought I would hold onto my bonds - I am now considering beginning a S&S ISA and liquidating and transferring some (if not, most) of my bonds over to an ISA to invest for the long term. **My questions to you is whether or not anybody actually holds premium bonds?** **Has anybody ever won a decent sum through premium bonds?** A quick google search tells me that they are an increasingly popular investment vehicle - but I can't figure out why given that you are statistically unlikely to achieve >1% interest and are therefore experiencing negative interest after inflation. My search also tells me that bonds are better for larger accounts because I theoretically have a greater chance at winning the bigger prizes. Has anybody with a similar sized account ever won any of these big prizes? I don't recall ever winning a draw >£50 personally.
+
+I guess I'm just not entirely sure why my dad, who is so well versed in the world of global finance chose to be so risk averse in letting £20,000 create negative interest in a bonds account for 21 years. Just looking at the SPY chart since 1999, an investment of £20,000, equal to about \~$30,000 at the time would've bought 225.5 shares of SPY. This would be worth \~$99,000 or £72,500 today. Quite an astonishing difference. 
+
+Ps. I hope not to sound ungrateful in this post. I am aware how privileged I am to have been essentially be gifted £25,000 by my parents. It's just that only recently I have considered bonds as investments and how best to invest my money for the future. Thanks for any responses.
+I’d love to here some algorithmic trading success stories. By success, i don’t mean making millions of dollars, but achieving a good sharpe-ratio and gaining solid returns.
+
+- What’s your background? Finance/math/Comp Sci/other
+
+- Does your profession relate to algo trading in any way?
+
+- If you don’t trade professionally, what’s your job?
+
+- How long did it take you to build your first successful algo?
+
+- how much (usd) do you allocate to your trading algo?
+
+- what’s your ultimate purpose with doing algo trading?
+
+Feel free to share even if you haven’t yet achieved ”success”
+Hey Apes! Revision 2 has been released: [https://www.reddit.com/r/Superstonk/comments/nbdvii/moass\_checklist\_for\_apes\_things\_to\_think\_about/](https://www.reddit.com/r/Superstonk/comments/nbdvii/moass_checklist_for_apes_things_to_think_about/)
+
+🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
+
+Ok Apes! I know what you are thinking - 'I'm so bored, the weekend sucks, how much longer to Monday?'. Grab your crayon sticks and let's try and grow some brain wrinkles in the process. I have just what the Dr. ordered - a shiny new MOASS Launch Checklist!
+
+There are *responsible* things you need to start thinking about before, during and after the rocket takes off. Why? Because people who are known to have $$$ (e.g. announced they won the lottery) have grandkids kidnapped and threatened and worse. Some winners are killed. You probably want to read [this](https://www.ar15.com/forums/general/-/5-749519/?page=1) and start taking it seriously. Yes it's long, but don't worry, I summarized... but then needed to add good stuff so it's still long! No TLDR either.  Sorry, not sorry!  This is **IMPORTANT.**
+
+🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
+
+# Before Rocket Launches
+
+**One.**  **Don't tell anyone you haven't already.** Anoymity is your first and best defence. Be the millionaire next door that no one realizes is a millionaire. A Lambo, other than a rental experience, does not help here.
+
+WARNING: Apes have reported getting 'offers' like: "I am sending out free headbands - just fill out the form with your info and I will mail it out!" - This is a scam. Giving them your info tells them a) You fall for this shit b) Your name & address and c) That you likely own shares.  None of this is consistent with rule #1.
+
+Have you been threatened? Report it! But Apes also have your back: [https://www.reddit.com/r/GME/comments/mcwdi1/fear\_for\_safetydeath\_threats/](https://www.reddit.com/r/GME/comments/mcwdi1/fear_for_safetydeath_threats/)
+
+EDIT 4 - More Wisdom From the HiveMind:
+
+*I think one thing not addressed enough is keeping your kids safe.*
+
+*At one point of my life I was a teacher in asia at a private school. This school was the place that a ton of super high profile net worth people sent their kids. I'm talking a 15 year old gets picked up in a bullet proof armored Merc with entourage. Relatives of the people in the highest positions in governments and business. Ultra rich and exclusive.*
+
+*What I took rom this is the extent some people have to go through just to make sure their kids aren't kidnapped. Yes, it happens, and no you don't hear about it.*
+
+*If you suddenly come into a ton of money, make sure you have shit set up to protect your kids, and anyone around you from being snatched up and you getting asked for ransome.*
+
+​
+
+2.  Did you break Rule #1 before you knew it?
+
+Figure out a good line \~> "I sold too \[soon/late\] and missed the peak, but I made enough to pay off my car and mortgage" This is good because it is understandable and likely to be true - the "*and never work again*" is silent.  Practice telling it to the mirror because you want it believable.
+
+​
+
+3.  BROKERS: Add your kid(s) or parents to your brokers' " account beneficiary" list.  Check out your broker's sell limitations ([https://www.reddit.com/r/Superstonk/comments/ml2lnw/28\_and\_counting\_brokers\_and\_their\_sell/](https://www.reddit.com/r/Superstonk/comments/ml2lnw/28_and_counting_brokers_and_their_sell/)).
+
+Make sure you're not using a broker that had issues in January.  Yes, the day after in Jan was the best time to transfer, but I personally wouldn't trust RH not to choose a nice sub-1k price to sell my shares at.  Check the agreement - I've heard that they have a clause that lets them sell without your permission 'To protect' clients... Here's the reference you need: [https://www.reddit.com/r/stocks/comments/l8rhr3/weekend\_gme\_thread\_homework\_for\_all\_lets\_stop/](https://www.reddit.com/r/stocks/comments/l8rhr3/weekend_gme_thread_homework_for_all_lets_stop/)
+
+​
+
+4.  Power to the Players!  Voting & Reporting is the filter for the hivemind - whenever you upvote good content and downvote or report inappropriate material, you are making a difference and making this sub a better place!
+
+​
+
+5.  Start researching likely Lawyers and Accountants you will use post squeeze. You want BIG firms who will have no idea who you are, other than their paycheck. Lawyers (primarily of the asset protection type; one specialized in  criminal proceedings and damage claims if you want to file a suit for market manipulation. Look for a big Law firm with long record list of similar cases. Big law firms have excellent contacts, lobbyists and huge network of associates capable of preparring complicated cases like these.) and Accountants (of the tax or personal type) should not be local (unless you live in a capital city) - they should be used to dealing with the figures you will have.
+
+SuperHiveMind Sayeth:  *Make sure any financial advisor represents your interests alone and does not earn money from selling you any financial products. Fee-based not commission based.*
+
+​
+
+6.  Write a will, or at least start thinking about it.  Also look into revocable living trust and charitable remainder trust. A will is cheap to create, but you get what you pay for.
+
+Edit Another - Moar Crowd-sourced wisdom!
+
+*One thing to note, both with wills and other similar precautions, is that in the US, every state will have different laws and rulings as to what is legally binding and what is not. Be sure to double check to make sure you’re above board! Same with international - different laws, different protections. Take a little time to get things right the first time so it doesn’t create a problem later on down the road.*
+
+​
+
+7.  Figure out your likely tax rate and write it down.
+
+​
+
+8.  Write down your exit strategy. Yes, I mean on paper. Psychology says writing things down helps you remember things. Maybe even make it like a contract with yourself to prevent paper handing. At the very least, open two new tabs for the important DDs on a non-Reddit site: [https://web.archive.org/web/20210309074023if\_/https://www.reddit.com/r/GME/comments/m073v6/exit\_strategy\_dd\_a\_comprehensive\_guide\_to/](https://web.archive.org/web/20210309074023if_/https://www.reddit.com/r/GME/comments/m073v6/exit_strategy_dd_a_comprehensive_guide_to/) , [https://web.archive.org/web/20210319103103if\_/https://www.reddit.com/r/GME/comments/m0r4kg/gme\_exit\_strategy\_here\_is\_what\_i\_not\_we\_i\_am/](https://web.archive.org/web/20210319103103if_/https://www.reddit.com/r/GME/comments/m0r4kg/gme_exit_strategy_here_is_what_i_not_we_i_am/)
+
+EDIT 3: Can't believe I forgot this... but consider selling SLOWLY, and I mean FUCKING SLOW. Don't Leroy this on us.
+
+Edit - adding references from Rensole's 4/20 daily post:
+
+[https://www.netpicks.com/trading-exits-vital/](https://www.netpicks.com/trading-exits-vital/)
+
+[https://www.investopedia.com/articles/active-trading/020915/mustknow-simple-effective-exit-trading-strategies.asp](https://www.investopedia.com/articles/active-trading/020915/mustknow-simple-effective-exit-trading-strategies.asp)
+
+[https://www.ig.com/en/trading-strategies/trading-exit-strategies--a-complete-guide-for-traders-210208](https://www.ig.com/en/trading-strategies/trading-exit-strategies--a-complete-guide-for-traders-210208)
+
+[https://www.jumpstarttrading.com/trading-exit-strategies/](https://www.jumpstarttrading.com/trading-exit-strategies/)
+
+​
+
+9.  Figure out which stocks you like less than GME, but would want to buy if the stock market happens to go onna fire sale when GME makes moon trip. Boring Boomer things good here. e.g. Vanguard Index Funds. Best bet is things that go down lots but still decent companies. Don't buy Apple if market is down 30% and Apple is down 1.3%.  The FIRE guys at r/financialindependence are boring but have good advice. Other 'interesting' subs include r/dividends, r/fatfire and r/bogleheads.
+
+​
+
+10.  Figure out how much you need to put aside to live on its interest. Here are some good resources:
+
+[https://www.mrmoneymustache.com/2012/05/29/how-much-do-i-need-for-retirement/](https://www.mrmoneymustache.com/2012/05/29/how-much-do-i-need-for-retirement/),
+
+[https://www.reddit.com/r/GME/comments/mhetrj/exit\_strategy\_planning\_for\_getting\_passive\_income/](https://www.reddit.com/r/GME/comments/mhetrj/exit_strategy_planning_for_getting_passive_income/),
+
+[https://www.reddit.com/r/GME/comments/mefwc7/what\_to\_do\_with\_your\_tendies\_from\_a\_financial/](https://www.reddit.com/r/GME/comments/mefwc7/what_to_do_with_your_tendies_from_a_financial/)
+
+​
+
+11.  Start writing down what you want to do after. e.g. Big # minus taxes, minus your new retirement fund, then figure out percentages for the remaining. How much to family? How much to charity? How much to cool stuff? How much to reinvest in GME?
+
+​
+
+12.  Start thinking about what you want to do in the future. Like, 2 years in the future after you've finished partying. Typically, humans like to have a purpose. Do you want to start a biz? (Warning! Lotsa work! Recommend this book: [https://fixthisnext.com/](https://fixthisnext.com/)) Work for a Charity? Change politics?
+
+​
+
+13.  Turn on 2FA or MFA for your financial accounts. Don't re-use Passwords. See this comic for good ideas: [https://xkcd.com/936/](https://xkcd.com/936/)
+
+​
+
+14.  Look into identity theft protection measures.  Check out the content from Michael Bazzell - How To Dissapear Online and elsewhere.  Do IRL peoples know your Reddit handle? Do you use your Reddit name elsewhere? Maybe it's time for a change. There's a reason this account was created in the end of Jan...
+
+​
+
+15.  Clicking the 'Save' button right below will make this easier to find for future reference.
+
+​
+
+16.  Figure out what self-care and mental prep works best for you (PMR works great! Used it before I knew what it was...) : [https://www.reddit.com/r/Superstonk/comments/mrqgtg/an\_apes\_guide\_to\_selfcare\_and\_anxiety\_management/](https://www.reddit.com/r/Superstonk/comments/mrqgtg/an_apes_guide_to_selfcare_and_anxiety_management/),
+
+[https://www.reddit.com/r/Superstonk/comments/mr12dk/mf\_moass\_level\_up/](https://www.reddit.com/r/Superstonk/comments/mr12dk/mf_moass_level_up/),
+
+[https://www.reddit.com/r/Superstonk/comments/mnfmrh/it\_is\_time\_we\_must\_fully\_prepare\_ourselves\_for/](https://www.reddit.com/r/Superstonk/comments/mnfmrh/it_is_time_we_must_fully_prepare_ourselves_for/),
+
+[https://www.reddit.com/r/GME/comments/lzxbzm/be\_adamant\_some\_reminders\_for\_managing\_behavior/](https://www.reddit.com/r/GME/comments/lzxbzm/be_adamant_some_reminders_for_managing_behavior/)
+
+​
+
+17.  Have a plan for reasonably forseeable events.  What if a cell tower goes out? What if you lose power? What if you need to reset your OS and lose a password manager? Do you remember your account logins?
+
+EDIT 1 - Wisdom of the Crowds:  *Guys, have a powerbank (portable battery charger for laptop/phone/tablet) fully charged and ready in case your power goes out or your phone dies. I got mine at Best Buy for around $70. Lasts a good long time too.*
+
+Edit for more SuperHiveMind Wisdom:  *Solarpanels for when the sun shines and hand crank power banks for when it does not, in a tight spot you can cover.*
+
+*Car tank fueled up, like my stock, for in case I need to find a service tower or WiFi. With decent mileage I can make it to about 1000-1400 km in one go. Also have a spare canister fueld up for those last 100-150 km if you need those last km to get to a gas station or goal*
+
+​
+
+18.  Read up on Shill tactics - this is serious money so of course they're spending to fight the squeeze:
+
+[https://www.reddit.com/r/Superstonk/comments/mscsb5/putting\_shills\_on\_blast\_a\_concerned\_biznessman/](https://www.reddit.com/r/Superstonk/comments/mscsb5/putting_shills_on_blast_a_concerned_biznessman/),
+
+[https://www.reddit.com/r/GME/comments/m1oc5u/shill\_tactics\_a\_classification\_based\_on\_infection/](https://www.reddit.com/r/GME/comments/m1oc5u/shill_tactics_a_classification_based_on_infection/)
+
+EDIT 2: If shills are saying "You can't beat WallStreet at their own game - you're not smart enough", remember the long institutional holdings that are on the same side. People at BlackRock, Fidelity and Vanguard are also pretty smart and appear to hold around 23M shares.
+
+​
+
+19.  Learn to Read (the Bloomberg Terminal)
+
+[https://www.reddit.com/r/Superstonk/comments/ml9faf/how\_to\_read\_the\_bloomberg\_terminal\_by\_smooth/](https://www.reddit.com/r/Superstonk/comments/ml9faf/how_to_read_the_bloomberg_terminal_by_smooth/),
+
+[https://www.reddit.com/r/Superstonk/comments/ml5dpc/financial\_statistics\_101\_how\_to\_interpret\_the/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/ml5dpc/financial_statistics_101_how_to_interpret_the/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
+
+​
+
+20.  Pick out the colour of your new car (or bike for those in the Netherlands - ❤ from 🍁)
+
+​
+
+21.  Eat properly:
+
+[Exceptions for Ramadan foods granted.](https://preview.redd.it/n53gn4g58tt61.jpg?width=500&format=pjpg&auto=webp&s=c6d6e842355fdfdc3b96ddf297168947d11de44e)
+
+🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
+
+# During MOASS Launch
+
+One.  Remember Rule #1? Don't tell anyone you haven't already. Anoymity is your first and best defence.  Consider the risk of quitting your job and buying shiny things. Abruptly quitting will cause people to ask questions. Best to ease into it (GME Mooning + "I'm outta here" = cover blown) or have a reasonable answer before you pull the trigger.
+
+​
+
+2.  👉**IMPORTANT ADDITION👈:** Monitor yourself for symptoms of medical shock.  I'm not talking about vibrating from excitement here.  These [include](https://www.betterhealth.vic.gov.au/health/ConditionsAndTreatments/shock):
+
+* Pale, cold, clammy skin
+* Shallow, rapid breathing
+* Difficulty breathing
+* Anxiety
+* Rapid heartbeat
+* Heartbeat irregularities or palpitations
+* Thirst or a dry mouth
+* Low urine output or dark urine
+* Nausea
+* Vomiting
+* Dizziness
+* Light-headedness
+* Confusion and disorientation
+* Unconsciousness.
+
+This can be fatal if it turns into a heart problem.  Take it seriously.  Be pro-active and call for help before it reaches unconsciousness.
+
+​
+
+3. Locate your exit strategy.  Follow it.
+
+​
+
+4. Practice the Self-Care that works for you.
+
+​
+
+🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
+
+# After Moon Landing
+
+One.  First rule also applies here. Keep a low profile. I will be removing the 'X' badge from my Tesla Model X for instance - this disguises it as a Model Y, which is around half the price.
+
+​
+
+2.  Celebrate, but in a restrained way. Fancy Dinner? Maybe you want to eat some 🎶[Kraft Dinner with that Fancy Dijon Ketchup](https://www.youtube.com/watch?v=aynCgnbbgbM)🎶? (sorry I know you like Ramen better, couldn't resist)
+
+​
+
+3.  Start contacting lawyers, accountants, insurance (particularly for you American Apes out there - don't lose your tendies because of a staged accident!)
+
+Super Hive Mind:  *Preferably not a one solo lawyer (and definitely not a personal injury lawyer). Best thing to do is look for boutique or large law firms with lots of lawyers covering different areas. Trusts and estates, wealth management, tax law are what you should be searching for.*
+
+​
+
+4.  Is stock market onna fire sale? Maybe reinvest tendies on sale stocks!
+
+4e (Edit with add'l crowd wisdom).  *Once your gains have settled in your brokerage account, before you transfer it to your bank, call them first and advise them that the MOAD (Mother Of All Deposits) is arriving within the next few days.*
+
+*Last thing you want is your assets frozen because the bank thinks something is suspect.*
+
+​
+
+5.  Don't tell people until lawyer is onboarded and advising you for your unique situation.
+
+SuperHiveMind:  *Also always get second opinion when talking to lawyers, financial advisors, etc. These guys can smell new money from a mile away and will try to take advantage of you.*
+
+​
+
+6.  Have accountant give you value after taxes and retirement fund. Start to work your plan.
+
+​
+
+7.  Is medicaid a factor for you or a loved one? Look into Special Needs Trust. [https://www.investopedia.com/terms/s/special-needs-trust.asp](https://www.investopedia.com/terms/s/special-needs-trust.asp)
+
+​
+
+8.  Attend 1 year anniversary of the MOASS / bankruptcy filing of Shitadel. Wall Street likely too obvious and potentially a target. I am thinking Disney's Animal Kingdom best. Pretty sure they sell chicken tendies there.  Wear a cryptic T-Shirt so we can do selfies together.
+
+​
+
+9.  SuperHive Mind Sayeth:  *Be careful of drugs! Cocaine is glamorized in a ton of finance movies and is fun, but also harms your impulse control, is insanely addictive, and is expensive. I've seen this advice elsewhere on the sub, but I don't think it can be overstated. Picking up a drug habit because you can afford one suddenly is a great way to lose your tendies.*
+
+​
+
+10. Take care of yourself, your loved ones and go forth and make this world a better place! Don't forget to post about your good deeds here!
+
+​
+
+🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
+
+# A Shameless Plug for Canada🍁
+
+Canada has an investor class option for immigration!  See [here](https://www.canada.ca/en/immigration-refugees-citizenship/services/immigrate-canada/start-visa.html) for the "Start-up Visa Program".
+
+Canada has generous supports for people who were/are unemployed due to COVID - we may argue, but in the end we want to take care of eachother and do the right thing.
+
+Ottawa, Ontario is Canada's capital.  It's a beautiful, safe and diverse city of 1M with a lot of cultural things to do with the museums and stuff.  Solid education with a few universities/college in town on the rapid transit line.  People here are also generally nice to eachother - almost like the fellow Apes in this sub.  Having money also won't make you stick out. 😘
+
+🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
+
+​
+
+Please point out what I am missing.  I promise to read every main comment reply (e.g. the ones I get the notifications for) and edit the post to add the things I'm missing or refine what's above.
+
+​
+
+🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
+
+​
+
+The diversity of backgrounds, here in our self-correcting hivemind superstonk sub, is our **strength**.
+
+Geologists and Engineers.
+
+Lawyers and Judges and Accountants.
+
+Flooring Installers, Retail and Small Business Owners.
+
+💖 Doctors and Nurses 💖.
+
+Movers of Forklifts and Manufacturing.
+
+Bankers and Financers and Personal Finance Apes.
+
+Fire Fighters, Law Enforcement, Military, and Drug Enthusiasts.
+
+Reposession Agents and Call Centre Workers.
+
+Painters, Artists and Clowns.
+
+Parents, Grandparents and Kids looking out for their Parents.
+
+The Movie Industry, Journalists, Rocket Scientists, Data Scientists, Data Architects and Computer Wizards.
+
+Students, Entrepreneurs, Photographers, Contractors, Electricians and Religious Peoples.
+
+Mental Health Experts and Game Theorists.
+
+# GAMERS 👊
+
+​
+
+Reddit and [4Chan](https://www.reddit.com/r/Superstonk/comments/mscsb5/putting_shills_on_blast_a_concerned_biznessman/). Together. Y'all really have no clue what you've done, eh?
+
+​
+
+I'm Very Pleased With My Investment!
+
+​
+
+Apes Together Strong!
+
+🦍🦍🦍🦍💪💪💪
+
+💎🙌🚀🌝🐒👩‍🚀
+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!
+
+Complaint: https://drive.google.com/file/d/1k6W90Mo2pG6hktsiVS5WyRK7phrzzh_z/view?usp=drivesdk
+
+Exhibits: https://drive.google.com/file/d/1bsFu1a4Xm7KrQ2s0Sh_48ElKj_LdRih5/view?usp=drivesdk
+
+Hoping I don’t go to federal prison for sharing this, even though it’s public record. That’s how much I love you all.  I’m willing to risk maybe going to federal prison.
+So up until June of 2016, I was a saver, turned down multiple events, and in return I got to save a ton of money. However in July I decided I needed to live a little, so I turned off 4 of my automatic contributions to savings/retirement accounts and decided for the next 4 - 5 months I would use that money for fun money, and will soon be turning my automatic contributions back on but this time it will be more focused on balancing fun with saving.
+
+What I learned from that experience was amazing, that is yes saving can be fun and seeing the numbers rise can be fruitful. However, living life is just as if not more amazing, in the past 4-5 months I have been to or done:
+
+    - 2 music festivals (3-day festivals)
+    - 3 concerts (one was a two night concert)
+    - 2 holiday festivals (you know the ones with bouncy houses and lots of holiday type booths)
+    - New restaurants in my city
+    - Booked a trip to Vegas for next year for 5 days with friends
+    - Went to local art shows and got art for my apartment
+    - Attended a 4 day nerd/geek convention
+
+Now before that I rarely did anything other than the occasional eating out once a week. I can say the past 5 months were amazingly fun. So what did I learn? Saving is great, but watch your saving and make sure your saving:fun ratio is correct. Definitely don't do what I did and make your ratio 95:5 (95% saving mentality, 5% fun mentality).
+
+Just thought I would share my experience from getting away from saving and enjoy life a little bit, don't be consumed to the point you miss out on things.
+
+EDIT: This is mainly aimed at savers/investors. If you're seriously in debt, a 95:5 ratio as stated above is probably where you need to be at the moment till the debt is resolved. Past that, vive la vida!
+[https://www.classaction.org/media/in-re-short-squeeze-trading-antitrust-mdl.pdf](https://www.classaction.org/media/in-re-short-squeeze-trading-antitrust-mdl.pdf)
+
+**I encourage everyone to read this report.**
+
+  
+Page 106
+
+​
+
+https://preview.redd.it/eo1d87jac9p71.png?width=1237&format=png&auto=webp&s=034bfc74074749c9c41310a2dbd51a9953caaab3
+
+​
+
+https://preview.redd.it/4710iwfic9p71.png?width=1362&format=png&auto=webp&s=0d287edb08d9f07245745ecbdaa9eb7f8eedea70
+
+**TLDR:**  
+Citadel makes up a huge portion of the trading volume on GME. 
+
+Public FINRA reporting shows how SHORT VOLUME went up while the price went down (you can't cover/close in this case).
+
+They had historically NOT been a neutral Market Maker but rather taking an active speculative position betting AGAINST retail orders (on many stocks). Every retail order they accepted they shorted into the market. By end of January they were about to EXPLODE (risk was far exceeded). 
+
+Their only option- stop retail buying and SHORT like crazy to get the price down. This lowered their risk exposure. The options risk was also astronomically huge.
+
+This likely means that TODAY they have many profitable short positions opened, but not closed, opened at and below $480. At a today's price of $200ish this means their millions of new shorts have bought them a lot of unrealized profit and has bought them a lot more breathing room. 
+
+As the price rises their original short positions become a problem again AND they start losing the benefit of the new positions. Any attempt to cover or close sends the price to the moon. They're totally trapped and made this problem only worse.
+
+We likely need to see a price a lot higher now that they have higher price point shorts, so the price needs to rise well above $480. 
+
+Of course, this is what all of us have known and that's why we're here.
+
+**Buy! Hodl! REGISTER!**
+That takes the chance of winning from *24,500 to 1* to **24,000 to 1**, with a good amount more £50 and £100 prizes.
+
+Will hopefully provide some relief to those investing in PBs. Pleased to see them moving fairly quickly and I guess we can expect it to go further over the coming months.
+
+[https://www.nsandi.com/products/premium-bonds](https://www.nsandi.com/products/premium-bonds)
+
+
+Backtrader seems smooth for backtesting but I found it difficult/buggy when implementing it live, specifically on the data feed aspect.
+Would appreciate help you can extend.
+
+---
+**EDIT: I'm mostly interested in Binance Futures capable platforms.**
+EDIT:  3:00 update.  I'm told they're on loan again for 6.125%.  
+
+​
+
+​
+
+https://preview.redd.it/2fqlt1o0zh8a1.png?width=1168&format=png&auto=webp&s=5f1e45a5caf491bce398c7e026cb30b0a229b9da
+
+​
+
+I've posted this information before.
+
+I am prepared for the blowback because everyone will think I'm talking about myself.  It's a data point that I felt is worth sharing.
+
+A CPA friend of mine loans his shares. He has a few thousand, but he considers it passive income.  I have said my piece, he made his decision, we can still be friends.
+
+Since he's chosen to go that route and not the DRS route that I have I feel I'll have the last laugh, but along the way I frequently ask him what the borrow rate he sees is vs what is posted all over this board.
+
+Last week he said it was a little over 4%, which made sense, Fidelity makes a killing and he gets crumbs.
+
+But today, ALL OF HIS SHARES HAVE BEEN RECALLED FROM BEING ON LOAN.  Meaning all he sees is a 0% loan rate.
+
+With the cost to borrow spiking why in the world would Fidelity not be loaning his shit out?
+
+Very very very interesting.
+
+​
+
+Edit: I asked him for a picture to show what he sees.  Not sure what he took out but at least it shows that another stock is currently on lend.  So there goes any end of year theory to recall all loaned shares...maybe.
+
+https://preview.redd.it/qk5obci6tg8a1.png?width=1164&format=png&auto=webp&s=1347e6cb26376d25480ba2ff5f923cc2d00569bc
+[Source](https://www.dtcc.com/-/media/Files/pdf/2022/4/29/16845-22.pdf) (pdf) for the Friday night News dump 💩!
+
+https://preview.redd.it/t2r9xgk73kw81.png?width=977&format=png&auto=webp&s=9b238327c98588bd6ed27008b9af714d01191f2d
+
+Beginning May 2, 2022, for Settlement Date May 3, 2021, DTC will update the list of current lenders (“Lender”) to the joint DTC and NSCC committed 364-day line-of-credit facility with a consortium of banks (“LOC Agreement”). The list of current lenders to the LOC Agreement will be updated to include Lloyds Bank Corporate Markets Plc, which is a new Lender to the LOC Agreement. Please see the list of lenders in Appendix A below. As a reminder, to help manage intraday transaction blockages due to DTC’s risk management controls, Participants can (i) designate additional securities as collateral, (ii) process delivery-versus-payment transactions that will generate intraday credits, or (iii) submit settlement progress payments via Fedwire®. Participants can monitor their Collateral Monitor balance via the Risk Management Controls Inquiry link in the Cash and Balances tab in the Settlement Web.
+
+https://preview.redd.it/tpkdx3pf3kw81.png?width=917&format=png&auto=webp&s=1550f7d1ace3189478fc5f0b1925fb576b48be06
+
+**In order to align the collateral value that DTC assigns to Lender FIS with the LOC Agreement, as part of DTC’s risk management controls, DTC applies a 100% haircut and assigns no collateral value to any current or future Lender FIS held as Net Additions in a Participant account.**
+
+https://preview.redd.it/baefpaeo3kw81.png?width=912&format=png&auto=webp&s=30924c403466da0bed7fdd32a6ebc78afcc72894
+
+MBS issued by a US Agency and US Government Sponsored Enterprise (GSE) 100% Collateral haircut.
+
+https://preview.redd.it/mnkd8vt04kw81.png?width=825&format=png&auto=webp&s=c7c643f67b98f869f938442c5eaf78dfbd2ffecc
+
+https://preview.redd.it/en4xyo8l4kw81.png?width=809&format=png&auto=webp&s=ff0a3dfb42fe404a004b9ccc4e9b022a4852f32b
+
+https://preview.redd.it/ngaefnux4kw81.png?width=809&format=png&auto=webp&s=937a865bdf11140c795a50d24e7db579b67a677b
+
+https://preview.redd.it/3m0vwe755kw81.png?width=901&format=png&auto=webp&s=2944265c51e22c287305db157a12e4171b963200
+
+​
+...and doesn't it really take away from the hard work we all put in school to get these jobs? I mean, I worked my ass off to get my position and I'm happy for White, but still, it made me wonder how common this is.  
+   
+  
+Like, have you heard of people in completely unrelated fields messaging a hedge fund manager and getting hired on as an analyst? Anything like that ever happen at your organizations?
+If you take a look at crypto quant you will see a massive outflow of BTC from F2Pool. They have done this in the past and some allege they are attempting to manipulate the market. Regardless of the intent, this just shows us we should always keep an eye on the data and metrics so we are not caught off guard with where the market heads. Crypto quant, Glassnode, Whale Alert, Willy Woo and Plan B are all great sources to give you ideas on future market moves. There's no reason to be emotional and in shock when these things happen. The beauty of having a public ledger is we can all track these transactions. Please just keep this in mind going forward. We have the tools to see what's going on "behind the scenes". Let's use them so we have better peace of mind in the future.
+
+Edit: Thank you for the awards! 
+
+Edit 2: PLEASE read the body and not just the headline. This isn't about blaming F2Pool, it's about letting people know we have tools to track transactions on the block chain so that we're not surprised by large market moves.
+Reading this has made me furious.
+
+https://www.bbc.co.uk/news/education-61088025
+
+Has anyone done an analysis on getting a traditional loan to pay off student loan? Is it a good option? Curious to read stories and suggestions.
+Hey,
+
+I currently owe about £242,500 on a mortgage, payments are about £1100 p/m, fixed rate coming to an end and the bank is not allowing me to get a new fixed rate. Interest rate is going to jump from 1.72% to 4.24%, costing me an extra £300 p/m in interest that I can't afford. There is also rumblings all over the news that the BoE will increase the base rate to 3%, which would result in my mortgage interest rate being something like 6.8% or £1780 p/m.Currently approx £5000 arrears that built up during COVID from being furloughed.
+
+I've already spoken to a broker and I can't remortgage elsewhere due to the arrears, so my curent lender is going to end up repossessing if I don't keep up with the new payments, and it feels like a scheme trying to get more money out of me.
+
+​
+
+Is there anything I can do?
+At this point I feel it's absolutely vital we find an Ape with sufficient coding experience and another with access to Bloomberg (+all these other data/analytics paid services) to implement a script that scrapes then logs all of the options data say every couple minutes so that we never miss one of these potential "glitches" as they come and go.    
+    
+Not only will this help us direct our attention and potentially give more insight into shorts' strategies, but I can guarantee having this information saved and public will genuinely help speed along any future investigations when Bloomberg either *has trouble locating all previous data from this long ago* or fights against making it available to the relevant agencies.
+
+If you can offer either of these things, please comment down below. Edit: or PM to remain anonymous
+Effective January 1 2017 Wells Fargo will no longer have product sales goals for retail banking so employees can focus more on the customers. 
+
+Source: http://www.forbes.com/sites/laurengensler/2016/09/13/wells-fargo-to-end-sales-targets-after-fake-account-scandal/#4ac5b9d822dc
+
+I work for a company in the CBD. Most of my coworkers eat out for lunch every day. Dinner is mostly Uber eats/ getting stuff outside. On Friday I met up with some other people from other companies and they said the same. 
+
+Do young professionals not cook anymore? How do they afford such a lifestyle?
+
+Edit: Would just like to be clarify that cooking for yourself doesn’t have to mean you cook every night. I cook 2x a week in bulk.
+What kind of professional can help me take a look at my options related to paying down ridiculous amount of credit card debt? ($50k!!) ugh!!!  I don’t want to do a bankruptcy. I own a condo but it needs work in order to get a good price. I also have student loans ($70k) and a car loan. My 401k ($200k on a good day) is really my only good option. I have a teeny amount of stocks (maybe $3k)
+
+I left an abusive marriage with my 2 girls years ago. I just wanted to get out quickly and safely so I accepted terms that I should not have (some student loan debt is his but mine now per settlement). Been “ostriching” for far too long.
+
+Is this something a CPA is best for? 
+
+Financial planners seem to feel they are wasting their time with my broke ass. 
+
+I make a decent salary ($112k) but low for my line of work and location... I am working on the income flow but I really want that debt to stop increasing by the second! I’m 45, and no family members can help.
+I'm have electric now so I can charge my phone and then run my computer. ($5 a month) A box fan just seems needed. It's hot as hell here. So I've been saving where I can. It took me two months. This week, if all goes well, I will finally have sine breeze to make living in my tent a little more comfortable. I can't wait!
+Watch out [FedEx](https://www.cnbc.com/quotes/?symbol=FDX), [UPS](https://www.cnbc.com/quotes/?symbol=UPS), DHL and the U.S. Postal Service: [Amazon](https://www.cnbc.com/quotes/?symbol=AMZN) is building its own last-mile delivery service.
+
+The e-commerce behemoth announced on  Thursday its new Delivery Service Partners program — designed to let  entrepreneurs run their own local delivery networks of up to 40 vans  emblazoned with Prime logos.
+
+Each delivery unit will  start their day at one of 75 current Amazon stations in the U.S. where  parcels ordered from Amazon.com are picked up by drivers wearing  blue-collared shirts with an Amazon logo and black hats. Algorithms will  determine which packages are sent to these delivery stations, and which  are sent to other delivery partners, like FedEx and UPS.
+
+"This is all about scaling cost  effectively,” said Dave Clark, senior vice president of Amazon Worldwide  Operations. He said the new delivery program will help meet the growth  in e-commerce. “We are going to have to meet this growth, and it's  outpacing the growth of our core providers.”
+
+This year, more than 40 percent of all e-commerce purchases will be made on Amazon, according to an eMarketer estimate.
+
+Clark said Amazon has  “great relationships” with its external delivery partners. “We use  everything in order to meet our scale and meet our needs. I don’t see  that changing in the future,” he said.
+
+In its latest annual 10-K  filing, Amazon noted the risk associated with relying on external  partners like FedEx and UPS. “If we are unable to negotiate acceptable  terms with these companies or they experience performance problems or  other difficulties, it could negatively impact our operating results and  customer experience.”
+
+In the filing, Amazon  said shipping costs — including sorting, delivery center and  transportation expenses — ballooned from $11.5 billion in 2015 to $21.7  billion in 2017, and its shipping costs are expected to continue to  increase.
+
+The new program brings  more of the costs and customer service under its control, while letting  entrepreneurs run the operations under the behemoth’s name.
+
+The e-commerce giant said  the program will enable “hundreds” of small businesses to get started,  and it will ultimately hire “tens of thousands” of new delivery drivers  across the country. This comes at a time when there is a trucker  shortage in the U.S., adding to rising transportation costs for many  businesses.
+
+Amazon isn't providing an  estimate for how many or how long it will take to get more delivery  stations built in order to get packages to these new 10s of thousands of  delivery drivers.
+
+Each Delivery Service  Partner can start a business with as little as a $10,000 investment. The  partner is vetted by Amazon, and once accepted, will lease  Prime-branded vehicles from Amazon, but the entrepreneur will be in  charge of recruiting and hiring drivers. Amazon will offer discounts for  costs incurred to run the business on expenses like fuel, insurance and  benefit programs. The company says the program is set up so successful  delivery partners can make up to $300,000 in annual profit.
+
+Olaoluwa Abimbola has  been running his delivery service business in the Denver area as part of  the beta test for the last five months. While his background is in  computer science and not logistics, he says he’s “loving” his new  business and has already hired more than 40 employees who work “fairly  regular hours” and “are encouraged to take breaks.”
+
+This new last-mile  delivery program is in addition to Amazon Flex, a delivery program in  more than 50 U.S. cities that operates more like Uber or Lyft, with “gig  workers” delivering parcels from their own vehicles for $18 to $25 an  hour.
+
+Amazon’s Delivery Service  Partners is just another part of the company’s own logistics network.  It already has 7,000 of its own trucks and 40 airplanes which, along  with external delivery partners, shipped more than 5 billion Prime items  last year.
+
+While Amazon won’t  disclose the financials behind the new program, Clark says it’s “much  more about customer experience and meeting overall growth. We think this  is going to be a cost effective way to do that.”
+
+[Click here for the Original Article @CNBC ](https://www.cnbc.com/2018/06/27/amazon-is-recruiting-entrepreneurs-to-start-delivery-networks.html)
+Yeah, yeah, the memes are good, you want to know what the next pump and dump is going to be, and it can be hard to let go of something you were once a part of.  But think about every single story you read in the MSM about "meme stocks" and how it references the 10 million members of WallStreetBets.  Cramer has claimed he is talking with the leaders of WSB.  We know they want to push a narrative that retail traders are acting as a coordinated force to try to secure a bail out.  What do you think would happen to that narrative if the number they were pointing to started going down?  Click the leave button.
+I'm retired military that now works in tech...and am pursuing fatFIRE primarily by leveraging my mil/VA benefits and a 3-fund portfolio. While I haven't had any desire to deal with traditional Real Estate...I'm expecting to inherit a significant amount of farmland from my family that is currently rented out for ~$40k annually. I could potentially sell it upon receipt...but I do see diversification benefits that are perhaps even better than traditional Real Estate. The cash rental rates have historically trended with farm commodity prices. And, to be perfectly transparent, the land had significant sentimental value to me having grown up there.
+
+This is probably a shot in the dark considering the tech-heavy population here...but does anyone have any experience with farmland rental in a fatFIRE context? Are there any tax or overall portfolio considerations that I should take into account?
+Example
+
+ETH at $10: “buy and hodl! We are going to the moon soon!”
+
+ETH at $1,400: “hodl! We’re going to the moon! We are only up 14,000% in a year! you’re crazy if you sell now!”
+
+Same goes for all cryptos
+Now I'm not saying don't sell cash secured puts, I'm saying don't hold the cash after you sell the puts. Instead, use that cash to buy near NAV SPACs. 
+
+For those who don't know, SPACs are blank check companies whose purpose is to bring a private company public via reverse merger. The important thing to know for this strategy, though, is that the money raised by SPACs is held in trusts. When a SPAC finds a company to merge with, shareholders get to A) vote in the merger, and B) are able to redeem their shares for cash at NAV (net asset value). For almost all SPACs, NAV= $10 + a small amount of interest that accumulates offer the life of the trust. 
+
+This effectively creates a hard price floor of $10. While they can and occasionally do fall below this, it is rare and the share price never stays there for long. During the crash in March, some went to like $9.50, but pretty much all recovered back above $10 within a couple weeks. 
+
+So, the point of all this is that near NAV SPACs have extremely limited risk. If I buy a spac at $10.20, my maximum downside is 2%, if that. On the other hand, their upside is limitless. One was up 15x from $10 at once point. This makes SPACs the perfect cash park. 
+
+By buying SPACs with the cash you were using to secure puts, you expose yourself to the daily potential for 20-30%+ gains if you get lucky and a merger is announced while you're holding a specific SPAC, with the aforementioned marginal downside risk. 
+
+If you get assigned on your puts, you can simply sell the SPACs you bought and wheel the assigned shares like normal. Maybe you lose a few dollars on the SPACs here and there, but usually you'll make a small profit, and occasionally you'll make huge profits. Some weeks you'll make more money from theta gains, some it'll be SPACs, but the point is you'll be earning from both as opposed to just one, all without really increasing your risk levels. 
+
+This strategy technically uses margin buying power, but your cash balance always stays positive, and you aren't charged margin interest.
+
+Disclaimer: not a financial advisor
+
+Edit: r/SPACs is a great resource and the mods generally do a great job
+
+Edit2: it appears this strategy won't work with all brokers. I use Webull (options level 3) and it works exactly as I described without being charged any interest for margin, and there's the added benefit of 0 options fees (and that's really for everything $0).
+BCG has been like a 5-7 day internal shit-flinging contest, for anyone paying attention.
+
+Some of us are trying to build connections. Unfortunately, when it starts to go out further than a few degrees of separation, (and unfortunately the WEF showed up speculatively \[did it get confirmed?\]) then we've got 50% of our own conspiracy theorist population here screaming at the other 50%, that they've "gone too far"... and it's going to devolve into "l1zard people talk, Q@non, alexj0nes, etc", and make us look even more tarded in the public image.
+
+And so why should that be an issue anyway? Was it an issue to any of you in Jan/Feb 2021 (or for all of 2021 really), when W5B/Badonkastonk was screaming conspiracy, and Cokerat was going "neener neener neener"?
+
+Why should it be an issue now? Ryan Cohen gave beginning intel to the Ape Intelligence Agency, and sparked the chase. Now everyone is shaking and biting their fingernails because BCG may lead to strange connections, and cause greater America to think we're even more retarded.
+
+None of us cared about public opinion in 2021. What has changed in 2022?
+
+\-----
+
+**EDIT, 1 HOUR IN: You know, I have been watching this since it went up. For the first 30 minutes, my Upvote Rate was near 60% (that's pretty shit). Now it is at 91%, with 350 Ups. (Not bad for 1 hour). Even if some "true" apes were down-voting my post, as their statement of disagreement, it would likely be ranged in the 80s. NEVER have I had in the 60%s, even on the dumbest of dumbass posts that I've sent up. That 60% tells me that there are most definitely dirty players at work on SuperStonk, that are aggressively down-voting any/certain new posts...** 
+
+**You bastards.**
+It would be a “very poor idea” for Apple Inc. to invest in Tesla Inc., Berkshire Hathaway Inc. Chief Executive and legendary investor Warren Buffett told Fox Business on Thursday.
+
+“I’d support whatever Tim Cook does, but I think it’d be a very poor idea to get in the auto business.” - Warren Buffet
+
+Selling cars is “not an easy business,” with plenty of competition, no first-mover advantage, and you win one year and lose the next, he said. “It does not give you a permanent advantage,” Buffett said.
+
+Also....
+
+Berkshire is a major investor in Chinese electric vehicle company Byd Co. Ltd.
+
+Source: https://www.marketwatch.com/story/warren-buffett-apple-investing-in-tesla-is-a-very-poor-idea-2018-08-30 
+So, in typical ape fashion I have loved the memes clowning this batshit shill company and their lame attempt against our beloved.
+
+In their vain attempt to ridicule and demoralise investors with a frivolous lawsuit, they unknowingly put their neck on the block.
+
+Since RCs tweet, I've seen memes, yes, but also the digging has begun.
+
+Imagine 125 THOUSAND activist investors running their own form of discovery on these futtbucks for GameStop's legal team. 
+
+SupoorStonk is now out here doing what it does best, and has always set to from the start. Active, crowdsourced, passionate due diligence.
+
+Fuck me sideways! I love this company and I love all you apes. Let's dig some hedgie graves! 
+
+Cheers!
+**Preamble:** The ability of Congress to trade stocks has been controversial from the start. The 2020 congressional insider trading scandal where Senators used insider knowledge to trade large positions in stocks just before the coronavirus pandemic crash was just one example where they used their privileged position for gain.  While there is scope for a lot of discussion regarding the legality/ethical aspects of this, what I wanted to know is
+
+**Did Congress members** **beat the market and can I beat the market if I follow their trades after its been made public?**
+
+**Where is the data from:** senatestockwatcher.com
+
+Massive shoutout to [u/rambat1994](https://www.reddit.com/u/rambat1994/) for putting in the efforts to create this site and make the knowledge public. The website has data of Congress trading from 2019. While I could observe that all the trades may not be captured by the site, given that we have more than 9K trades to work with, I feel that we should be good from a statistical significance perspective. Also, please note that the data will contain trades done by senators who are not currently in the senate (Either they were in Senate earlier and now in the house of representative or another position of power which forces them to disclose their trades)
+
+While Congress members are supposed to [report the transaction within 30 days](https://www.citizen.org/article/personal-financial-disclosure-requirements-for-public-officials/), the median delay in reporting that I observed for the trades was 28 days and the average delay was 52 days. There were some outliers that pushed the average up and are most likely due to the fact that their broker might not report the trade to them immediately.
+
+All the trades and my analysis are shared as a google sheet at the end.
+
+**Analysis:**
+
+A total of 9,676 trades were made by the members in the past two years. This analysis would be focusing on the stock purchases made by the senators. (The stock sales and the pandemic controversy can be a standalone analysis by itself). Out of the 4,911 Buy’s what I am really interested in is the 1,375 transactions which were over $15K. I decided on this cutoff as I did not want small transactions (<5K) to affect the analysis. The hypothesis being that if someone is putting almost 10% of their annual salary into one trade, they should be very confident about the stock. (I know that some senators are millionaires and this hypothesis would not apply to them, but adding their net worth would again complicate the calculations unnecessarily)
+
+**Results:** For all the stock purchases I calculated the stock price change across 3 periods and benchmarked it against S&P500 returns during the same period. 
+
+a.            One Month
+
+b.            One Quarter
+
+c.             Till Date (From the date of purchase to Today)
+
+**Returns made by the Congress**
+
+|Avg Return|% Change in Price|% Change in SPY|Change over SPY|
+|:-|:-|:-|:-|
+|One Month|2.55%|2.42%|0.12%|
+|One Quarter|8.76%|7.42%|1.34%|
+|Till Date|32.40%|26.40%|5.99%|
+
+At this point, it should not come as a surprise, but Congress did beat SP500 across the different time periods. But what I am really interested in is if it's possible to follow their trades after disclosure (after a time lag of 30 days) and still beat the benchmark.
+
+**Returns if you followed their trades (after the disclosure)**
+
+|Avg Return|% Change in Price|% Change in SPY|Change over SPY|
+|:-|:-|:-|:-|
+|One Month|2.0%|2.48%|\-0.48%|
+|One Quarter|10.46%|7.89%|2.57%|
+|Till Date|29.62%|23.73%|5.89%|
+
+If you had invested in the stocks Congress bought, even after adjusting for the lag of disclosure, you would beat SP500 over the long run. My theory for this is that Congress usually plays the long game and invest having a time horizon of more than a year as sudden short-term gains can put a spotlight on their trades. This gives the retail investors a window of opportunity where they can follow the trades and make a significant profit.
+
+**Limitations of analysis:** There are multiple limitations to the analysis.
+
+1. The time period of the analysis is 2 years during which the market experienced a significant bull run. So, the results might change in a market downturn/recession
+2. The data has been sourced from senatestockwatcher.com as parsing the data from the official government site is extremely difficult. All the recorded transactions have a pdf of the disclosure linked to them (you can find it in the google sheet). I have made my best effort to QC the data and make sure there are no false positives. But this might not contain all the transactions made by Congress.
+3. There is no disclosure for the exact amount of money invested by Congress. The disclosure is always in ranges (e.g., $100k – $200k). So, for calculating the investment amount, I have taken the average of the given range.
+
+**Conclusion:**
+
+This analysis proves that Congress indeed gets a better return than the overall market. Whether it is due to insider trading or due to their superior stock-picking capability is something that can’t be proven from the data and is left to the reader’s judgment. I intentionally left out the party affiliation of the members as I felt that it would bias the reader and was not the objective of this analysis.
+
+Whichever side of the political spectrum you lean-to, the above analysis shows that you get to gain by following their trades!
+
+Link to Google Sheet containing all the analysis and trades: [here](https://docs.google.com/spreadsheets/d/1Rg5jMYG-X4I7cidQylzCNc_UpJZGNhGrjAt7g0QkXYs/edit?usp=sharing)
+
+*Disclaimer: I am not a financial advisor*
+Nowadays we're pretty happy with a dividend portfolio that pays 4-5%.  But back in the day, when monetary policy was more normal, I understand that you could have a savings account that paid that much, or at least a treasury bond. 
+
+In that sort of environment, how did dividend investing work?  Were dividend yields much higher than they are today?  Or did dividends play some sort of special role that bonds / savings accounts didn't?
+​
+
+https://preview.redd.it/g3ouujmhsv481.jpg?width=700&format=pjpg&auto=webp&s=cd8c476eddf323aea21bf921b763ef8df6d28871
+
+*This is one of a series of posts where I will apply my fast and dirty historical fundamental analysis to some of the biggest dogshit stocks of 2021. If you are interested in the process I use below to evaluate a stock, check out* [How Do I Buy A Stonk???](https://www.reddit.com/r/ASX_Bets/comments/lzjpvf/how_do_i_buy_a_stock/)
+
+# The Business
+
+https://preview.redd.it/0m81c0hjsv481.png?width=800&format=png&auto=webp&s=979219da7cff2f9143a04a457a4b8175129b0257
+
+https://preview.redd.it/elq8b17ksv481.png?width=2000&format=png&auto=webp&s=c784c7742b8593ae68cdf7e11a835d461f3d76e6
+
+Retail Food Group was established in 1989 and is a food and beverage franchise company based in the Gold Coast of Queensland. Over the years Retail Food Group has built a brand portfolio that includes many well recognised names that nearly every Australian would have patronized at some point in their lives. These days RFG boast sales to over 17million individual Australians, with over 70 million customer transactions on a yearly basis. While it may not be the largest franchise in Australia, it could well be the most Australian.
+
+# The Checklist
+
+* Net Profit: positive 7 of last 10 years (losses 2018-2020). Bad ❌
+* Outstanding Shares: enormous cap raise 2020. Bad ❌
+* Revenue, Profit, & Equity: steep drop since 2017. Bad ❌
+* Insider Ownership: <1% w/ a lot of on market buying in last 12m. Neutral ⚪
+* Debt / Equity: 86% w/ Current Ratio of 1x. Neutral ⚪
+* ROE: -(13.1)% Avg L10Y w/ 0.8% FY21. Bad ❌
+* Dividend: No dividend since 2017. Bad ❌
+* BPS 8.4cents (0.9x P/B) w/ NTA –(2)cents (#N/A P/NTA). Neutral ⚪
+* 10Y Avg: SPS 10.4cents (0.7x P/S), EPS 1.9cents (3.8x P/E). Good ✅
+* Growth: +6.7% Avg Revenue Growth L10Y w/ -(51.5)% FY21. Bad ❌
+
+**Fair Value: 6.2cents**
+
+**Target Buy: #N/A**
+
+Overall, the stock looks pretty terrible. For one, RFG’s equity had fallen into the negatives after some big back-to-back statutory losses in FY18 and FY19. That triggered an absolutely massive capital raise in late 2019. Prior to the raise, RFG had 182.7m outstanding shares. Afterwards, there were over 2billion on issue, leaving the original bagholders with only \~8% of the total share count.
+
+The only thing that makes RFG appealing is the 10-year average SPS and EPS valuations. Except they are mostly propped up by the figures prior to FY18. For example, on the basis of their FY21 statutory profit, RFG is trading at P/E multiple of 102x.
+
+# The Knife
+
+[marketindex.com.au](https://preview.redd.it/bflw9x9tsv481.png?width=1504&format=png&auto=webp&s=6508c0079cd582b985e27dc4099eae04f341850a)
+
+Very much like a [previous stock](https://www.reddit.com/r/ASX_Bets/comments/p8i9ui/catching_the_knife_one_of_the_largest_australian/) reviewed in this series, the the RFG chart has quite literally flat-lined. It reached it’s all time high in 2015, when it briefly touched $8.00. The quick fall and rebound foreshadowed things to come when the downtrend in 2017 turned into a cliff by 2018. Long before the market crash in early 2020, RFG had already died.
+
+RFG reached all-time low of 2.6cents in the March 2020 sell-off. Having at that stage fallen **\*99.7%\*** from its all-time high. Even at the close of Friday 10th of Dec 2021 @ 7.2cents, almost 300% up from their 2020 low, RFG’s SP is still not quite 1% of its previous value.
+
+# The Diagnosis
+
+The Short Answer: The Sydney Morning Herald.
+
+​
+
+[smh.com.au\/business\/companies\/cup-of-sorrow-the-brutal-reality-of-australias-franchise-king-20171207-h00lbl.html](https://preview.redd.it/plwp361vsv481.png?width=1500&format=png&auto=webp&s=ab13708baadca091b3041c925818e8f8ef61c4c1)
+
+The Long Answer: For once, I think that sensationalist media had struck onto some real truth. Behind the scenes at RFG there appeared to be something deeply wrong with the franchise. By the 2018, some of that dirty laundry was aired, and there was a lot of it.
+
+The expose by SMH in 2017 featured a franchise owner that had purchased the rights to an RFG brand store that had been previously run by the company themselves. Bought in 2015, the new owners claimed that RFG had not been fully transparent with them on the financial condition of the business. What was pitched to them as a cash cow, was actually haemorrhaging money. A fact that they say wasn’t disclosed to them until after they had signed the paperwork.
+
+​
+
+[It was at that moment he knew... he fucked up.](https://preview.redd.it/t89i10zysv481.png?width=1500&format=png&auto=webp&s=49573d383510231e9c6d44c7f0fb2e183d71f46d)
+
+The bad press for RFG really picked up pace from there. Allegations of all manner of illicit business practices featured in many headlines, class action lawsuits were being explored by franchise owners, and there were calls for government inquiries into the sector. Things were not looking too good for RFG on the public relations front, which could not have helped in their efforts to attract new franchise partners into the business to grow their network.
+
+​
+
+https://preview.redd.it/kwthx0g2tv481.png?width=2541&format=png&auto=webp&s=99bbbd624e7f5674b72d0f19dd2867fadd5cfe74
+
+This culminated in the Chariman, the CEO, and several other high-level executives in RFG resigning. Though that wasn’t the end of it for them, as they ended up having to front a parliamentary committee questioning their conduct during their tenures at the helm of RFG. The new CEO at the time (who I should note resigned suddenly in 2018, not even a year into his tenure), described the company as having been involved in “churning and burning” their franchisees.
+
+# The Outlook
+
+Almost four years later, the wounds are still quite fresh. There is a pending class action against RFG revolving around some sudden switches from fresh to frozen in the Michel’s Patisserie chain. Perhaps more worringly, the ACCC launched a lawsuit against the company with accusations that RFG lied and ripped off their franchisees. That lawsuit is due to commence in 2022, so whether RFG is on the hook for more damages or fines is yet to be determined.
+
+​
+
+[Sweep the leg! No mercy.](https://preview.redd.it/ngzxw2a4tv481.png?width=1600&format=png&auto=webp&s=2fce4dda3ff6c3abed01674aab3521ddd0d8689c)
+
+As it is, RFG’s branch network of stores has been rapidly shrinking since 2017. At that time, they had over 2,500 stores operating under their brands. But since then, they’ve been losing more and more stores on net every year. In 2021, RFG had just a bit over 1,500 operating outlets left. Given the reports of zombie outlets, which exist but no longer open, even that number may be generous. For a business whose revenue depends almost entirely upon royalties and fees, their franchisees are their life blood and RFG is bleeding out.
+
+The lockdowns over the past couple of years haven’t exactly helped. RFG themselves drew upon $5.7m in jobkeeper payments to stay afloat (and it’s not clear how much more was required to keep of the thousands of franchisee employees going as well). Even despite that, they had a combined net loss of -$2.5m between FY20 and FY21. The company would seemingly appear to be on life support at this stage.
+
+# The Verdict
+
+There could be some potential here for a turnaround though. With the previous management flushed and new management now at the helm, RFG’s “turnaround journey” is the prime focus of their latest FY21 annual report. Now about 3 years into the journey, the chairman highlights that same store sales were up 3.2% yoy despite the impact of lockdowns. The problem with this turnaround narrative is that RFG’s outlet numbers were down nearly 7.4% during the same period, and nearly 40% since 2017.
+
+There is also the ongoing problem more generally with the fact that restrictions on portions of the Australian population is likely to drive anaemic sales in the service sectors for the foreseeable future. Not to mention the unpredictable nature of the present State directives makes running a restaurant very difficult indeed, as juggling capital input for food stocks and employee rosters on a week-to-week basis becomes nigh impossible for these small independently owned shops. National schemes like jobkeeper seem unlikely to be revived to help these struggling businesses going forward.
+
+Consider also the fact that the restaurant business is quite a tough one even under normal circumstances. It is the peak hours of the weekends, where restaurants are chock-a-block, that they make all their profit. For coffee shops and bakeries, regular weekday traffic from the local office workers is key. But now with the stop and start nature of our present world leading to less customer volumes and more people working from home, the viability of the local corner coffee shop and bakery wanes. Restrictions cut the maximum volume of customers in venues to the point that a critical mass of customers during peak hours just simply cannot be achieved.
+
+More pertinent to RFG, I think it is reasonable to ask whether the current leadership team is really a genuine case of “New Management.” For example, the current CEO has been with the company since 2009, and previously worked as a regional controller and then CFO. The current Chairman is indeed new to RFG. But worryingly, his bio features that he led PMP limited from 2012 to 2017, a listed company that recently rebranded as Ovato, and whose present share price is not even 1cent.
+
+​
+
+[‘Ight we gunna head out.’ – Previous Management Probably](https://preview.redd.it/g6mad0m7tv481.png?width=1000&format=png&auto=webp&s=417b647189b34078aca40601670c5e1086d19c90)
+
+If the current management have not made any significant and fundamental changes in the way that RFG deal with their franchisees, the decline in outlets is likely to continue. I can only see this being exacerbated by the difficult macroeconomic environment. What would seem to be more and more apparent is that the previous management killed RFG in 2017, and it has been floating along as a ghost solely on the goodwill of the institutions that fronted the capital for them to survive.
+
+# The Target
+
+But let’s say we’re optimistic. If restrictions are finally fully removed, one could see a resurgence in the service sectors of the economy, and RFG therefore would finally have some tailwinds to propel its “turnaround journey.” If so, what is it worth?
+
+​
+
+https://preview.redd.it/x42s92q9tv481.png?width=1064&format=png&auto=webp&s=0ef53690e663d2115f6b2576f582cda812138a12
+
+Using 10-year average figures, the fair value is likely around 6cents (discounting dividend, which isn’t being paid). However, given that the net tangible value of RFG is in the negative and their average earnings for the last 10 years are also negative, an intrinsic price is a bit hard to nail down.
+
+That being said, I think it’s reasonable to try to establish a baseline from the FY21 figures, with the supposition from the turnaround narrative that it won’t get very much worse. For this valuation, I’ll use the full book value, given the intangible value of the brands is fair to include.
+
+Therefore, using those figures we get the following fair and targets:
+
+**Fair Price (FY21) – 8.1cents**
+
+**Target Price (FY21) – 3.4cents**
+
+If RFG can continue their progress, then it’s likely they could achieve similar results as they did in FY12&13. Their revenues back then were similar to FY21, but profitability was better. They were paying dividends too. Using a composite average of those two year’s figures, adjusted to the current share count, fair value would likely get to around 20cents.
+
+However, it’s a very big IF for RFG to achieve even a modest result like that, given there are pending lawsuits looming next year. The potential fines and damages may very well send the company into receivership. At that point a would-be investor would lose everything. Though, let's be honest, buying into RFG right now is not an investment, it’s 100% a speculative punt. And one with seemingly not much upside.
+
+Those wearing rose-coloured glasses might be looking at the 2017 levels as the ultimate upside target, when RFG sported a $1b market cap (about 4x higher than now). However, for that to be true, one would have to see the business arrest its net losses in franchise numbers first and then somehow build back to the 2017 levels (presumably while also not ripping off their franchisees). Just getting to the 2017 outlet numbers in the first place took years. Therefore, a prospector with this narrative in mind would do well to ask themselves how they rate RFG’s brands today vs their competition and whether they think it’s realistic to see 50% more of those outlets spring up in the next couple years.
+
+**Opportunity Cost**
+
+This brings me to a more general question. When considering taking a punt on a falling knife, it’s important in my opinion to remind oneself of the opportunity cost involved. Placing a bet on one company necessarily precludes being able to put that capital to use on another healthier company. Even a bet on a company not as risky as the one above, might not be worth it in this context.
+
+https://preview.redd.it/cqu09h4ctv481.png?width=1502&format=png&auto=webp&s=d69bc7ec1812305eabb806603c7c763c426e0c96
+
+RFG perfectly illustrates this point when looking at their share price over the last 2 years. A month after the initial crash in 2020 RFG stabilized at about the same price range it sits today. For example, had a would-be punter bought RFG in May of last year, they would quite likely (if they were lucky) be sitting around dead even with where they started, 20 months later.
+
+As we can see, taking a punt on RFG even relatively early on in the cycle of 2020 may have resulted in 0% return over the course of almost 2 years. That’s a heavy cost to pay when that capital could have been deployed elsewhere. In contrast, the humble AusFinance acolyte with their VDHG holding is sitting on 40-50% return on capital deployed during the same time frame. A bet on RFG was a bit like losing a third of one’s capital, simply by missing the boat on the wider market rally.
+
+Furthermore, one would have had to have been quite brave (stupid?) to buy a struggling stock like RFG at their 2020 low in March. That window only lasted about 1 week, and as things stood, it seemed likely that the company would fold completely at that stage. It was perhaps only because they had done a massively diluting cap raise only months earlier to stabilize the business that they managed to survive the worst of 2020. Not the best pedigree to be punting upon.
+
+Some falling knives are just not worth catching.
+
+# The TL;DR
+
+Retail Food Group is a Gold Coast based Australian food & beverage franchise company. While not the largest franchise in the country, they may well be the most iconically Australian with such brands as Brumby’s Bakery and Donut King under their umbrella. Nearly every Australian has patronized one of RFG’s franchises at some stage in their lives.
+
+Since 2017 though, times have been quite tough for the company, its shareholders, and its franchisees. An explosive expose in the Sydney Morning Herald drew attention to what seemed to be widespread abuses at the corporate level. Since then, the media has not been kind, and RFG is still pending to resolve lawsuits like the one the ACCC has recently brought against them for their conduct in years prior.
+
+As such, despite the share price now hovering only at 1% of it’s former glory, the heavy dilution of as massive capital raise at the end of 2019 makes the company still look almost overpriced to their fundamentals. This doesn’t even necessarily consider the idea that they may yet crash and burn, following in the footsteps of the many franchises that one former CEO said the organisation had churned and burned.
+
+While there may be some potential here for a turnaround, the upside seems limited. And apart from the obvious risk of a total loss, the time it might take to finally realize that upside is quite indeterminant, so the potential opportunity cost of making the punt is quite real indeed.
+
+*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 RFG 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: Z1P*
+
+*Currently on the Watchlist (no particular order): CGF, IPL, FLT, QAN, CWN, FNP, OML, WPL, CIM, CGC.*
+
+[Previous Editions of Catching the Knife](https://www.reddit.com/user/Nevelo/comments/sfc7gi/catching_the_knife_series/)
+I lived in extreme poverty until about 4 months ago. My mother had to borrow money for food every month, sometimes multiple times a month. I had one pair of pants for the past 6 months because she couldnt afford to buy me new ones. I had maybe 3 tshirts. I thought that only being able to afford one second hand tshirt a month was normal. Sometimes I had to choose between buying new contact lenses and buying food for my dog so I ended using monthly lenses for 2 full months or more. I had a severe health issue and couldnt see a doctor to check it since I was 8 years old and Im 20 and now its become so bad that medicine for it hardly works. 
+
+I got a well paying job 5 months ago. I'm now able to buy new clothes every month. I finally bought a new bed and a brand new phone. I bought some art supplies and a tablet and on my way home I went to a manga store and bought 5 volumes of my favorite manga just because. Im now able to participate in my hobbies and learn new things. And when I realized that If I wasnt poor I could've had these things years ago and pursue new interests and travel and see the world and go grab a pizza with my classmates without pretending to be busy because I couldnt afford it I started crying. I feel like poverty robbed me of so, so many important life experiences. I wanted to learn chinese when I was a child but chinese courses were out of the question because of the price. I wanted to learn to play piano but my mother couldnt afford piano lessons. I wanted to develop my own personal style but all I had were clothes that my cousins grew out of. And I will never get my wasted childhood back. All I have to look back on are memories of 7 years old me worrying If I'll eat tomorrow. And 13 years old me not being able to participate in any school trips because we couldnt afford even the cheapest ones. And not being able to hang out with my friends who lived 30 minutes away because the bus ticket was 2pln (40 cents??) and my mother didnt even have 2pln to give me and them thinking I was lying all the time because Its impossible to not even have 2pln.
+
+edit: I dont have the energy to respond to all the absurd comments so just to clarify: Im going to college for graphic design. My laptop doesnt work and the tablet was literally the only way for me to make a portoflio. And even If It wasnt necessary I dont feel like I need to justify buying a few nice things after legitimately having only money for food (or not even) for my whole life. 5 volumes of manga is 100 pln so around 25$. Please stop acting like Im blowing all my money on 6700 avocado toasts.
+I'm still in uni at the moment and don't have a lot of experience on properly managing my expenses/savings, but from my experience studying in the Netherlands, the rents are fairly high, around 300-600 euros a month, per room, which means buying a house would pay itself off quite quick I imagine.
+
+Places like Wageningen, which are relatively small places built almost entirely around the university come to mind.
+
+I imagine one of the main things are taxes? As I understand, in the Netherlands taxes on second homes/renting out are quite high (around 50%?).
+
+But I feel like even then it seems like a sensible thing to work towards. When will there not be students? especially in big uni's
+Hi all,
+
+As the title says, I own a small 30 sq.m 1 bed in zone 4 London, which I got nearly 4 years ago in London for 215k. Since then I met my other half and we trying to sell it to move to a bigger place. Unfortunately trying to sell was difficult, it's been on the market for a year and thanks to COVID small flats with no garden are really out of fashion. People want spare bedrooms for offices and gardens plus there was a lot of talk that London was going to become a ghost town with everyone working from home forever - now we know that's not going to be the case but it's still impacting flat values. 
+
+Luckily we've been fortunate enough to buy our next property without the need of having to sell my current one. We're about to move in February. I also have a consent to let from NatWest to rent the flat out (they don't require me moving to BTL mortgage, I've confirmed) and could be getting around 1,000 pcm in rent. Moving to BTL interest only is not an option, as I don't think I'll achieve the minimum 75% LTV for that.
+
+However, I've just received an offer for 210k and have a dilemma - should I sell it at a loss or rent it out and hopefully sell for a bit more in a couple of years? The other factor to consider is that we'll have to pay double stamp duty - I will of course try to sell it within 3 years to get it back, but rather have the money for the new place.  I'm leaning towards selling it as my mortgage goes to variable in February, so this is a good time to sell and not pay ERC. Any thoughts are welcome.
+Not sure how many of you this would help, but figured I’d post it just in case. Silvergate, the payment processor FTX used, would pay for the refund. They took the risk, so it’s on them to refund. This will help keep those deposits out of the bankruptcy fiasco.  I didn’t know this until I saw it earlier today on Bloomberg.  
+
+This is for the US, so FTX US, but I assume other countries most likely have similar laws. Here is the link to the CFPB site so you can check it out for yourself if you want to.  I hope everyone involved in all of this gets the best possible outcome. Crypto has been crazy lately, stay strong all. Enjoy the weekend. 
+
+https://www.consumerfinance.gov/rules-policy/final-rules/code-federal-regulations/
+
+Edit. Silvergate, not silverfish
+So I earn £22k/year atm. Working from home has been great but my company wants us back and they're relocating their office to another town where the commute is a pain (no trains, u reliable bus, I can't drive, and cycling is only good if weather is good).
+
+Been looking at LinkedIn and found a nice position at a law firm in Central London paying £40k/year, a small step up in position to my current role (my current company will also be rolling out such a position soon which I'm a strong candidate for).
+
+But after considering the taxes, the commute cost of £360 per month, and factoring likely lunches, it's not actually a massive payrise.
+
+After 6% pension contributions and tech scheme, I currently have £900/month to spend after household contributions and pre-debt/other cost payments.
+
+If I do get this role at the law firm, my post travel, tax/pension and household costs, I'// only get around £1500/month to spend, pre other debts and expenses. 
+
+So for a almost 2 times salary, I get barely £600 more per month. That doesn't seem a lot for a place with £7 pints and high cost of living. 
+
+So is £40k really that a lot as it first seems? I know it certainly looks a lot to someone still at school or minimum wage. To me £22k seemed a lot when I was at school and earning minimum wage after school. But not I realised it's not a lot. And £40k to me looks a lot now on the surface, but after digging in it doesn't look that much.
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+
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+
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+
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+
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+
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+
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+I feel like somehow this is too good to be true.  I backtested it using pinescript on TradingView.  Im not sure how accurate TradingView is for backtesting, but I used it on popular stocks like TSLA, GME and AMC (only after they had the initial blow up), MRNA, NVDA, etc.  I can see the actual trades on the chart using 5 min and 15 min, so its not like its complete BS.
+
+Has anyone else backtested a strategy with returns that high?
+https://www.reddit.com/r/investing/comments/eusz3g/people_arent_fully_realizing_the_economic_impact/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
+
+The comments are staggering. Amazing how wrong people were yet they seemed so sure and confident of their dead wrong opinion. Only OP had any common sense.
+
+Really cool to read posts from Jan2020-Feb2020 and realize how wrong the top comments are. Goes to show you that no matter how confident someone sounds, always question.
+Since there is a hold on evictions and mortgage payments (on Fannie and Freddie backed mortgages) yet people are still losing jobs. Landlords cannot make payments and won't be able to make payments even after evictions. Unemployment will also raise issues for regular SFH owners.
+
+Are we really going to see something much worse than 2008? Or will it not be so bad?
+
+Employment did bounce back last few months and the banks may extent or modify the mortgages to avoid foreclosures.
+
+I'd like to hear what you guy think may happen in 2021-22 with residential real estate. I understand it is all speculation at this point.
+It’s strange, because I’ve never been much of a competitive person but I find myself comparing my income and net worth with almost everyone I know or meet in my life. When I get the sense that someone is much wealthier than me, I get feelings of disappointment, confusion, and motivation. I think to myself; “what is he doing and how do I get to where he is”. 
+
+When I meet people who aren’t doing as well as I am, I usually feel more confident with them. 
+
+It’s gotten to be such an issue that I avoid talking about finances with people. Is anyone else like this?
+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.
+Curious what folks' philosophies are for timing an intentional exit from an organization.
+
+Maybe there's no specific plan - you just feel it out, or don't overthink it.
+
+Maybe you just hunker down in a FAANG job you don't love cause it pays well and you can save a lot.
+
+Or do you leave any time you realize you've hit a ceiling and have no room for growth in title and/or scope and skill?
+
+Or do you bounce every 2-4 years to gain startup equity across several companies, hoping or expecting some to have real value?
+
+Personally, not super long into my career (hence the curiosity how others play this) but my instinct has very much been to be focused and motivated until the moment I sense my learning and vertical mobility in the organization have hit a peak (or will take years to break past ceiling).
+
+Interested in your perspective. Thanks.
+
+​
+
+EDIT: if any mods feel this is a Mentor Monday topic no worries on moving.
+Hi all,
+I see that a lot of you seem to be high performers and in high paying fields. While that's a great way of becoming FF, I wonder what have been the best way to reach upper management and to get that large pay increase from middle management.
+
+Without giving too much away, I'm quite lucky to have been promoted very quickly since the beginning of my career (tech). I'm still young but I want to know if I should rather jump ship to reach upper management or settle down at a company and wait. I'm currently preparing for a T1 MBA in my country. I think that would help. I don't feel stuck but rather undecided.
+
+For those of you in upper management what is the most effective way of becoming FF from middle management onwards?
+I understand there are many new traders out there who want to learn the methods of trading. We all started as beginners and I just wanted to tell you guys some tips from my experience! Now, by no means do I think I am a godly, perfect trader... in fact, I still make mistakes every once in a while. But I think I can boil down a few tips that helped me the most for people who want to learn this trade!
+
+1. Patience. This is a hard game to understand. It is soo much more than just knowing some simple patterns or indicators. Trading encompasses much more than we all initially think. Some of the things you might want to take time to understand include just understanding how the market works in general. Use resources like Investopedia to gain a deeper understanding of many of the complex words and systems out there. Secondly, take the time to understand the economy! Look into the world around you and understand how certain events affect the market. This can play a much bigger role in your success than you think! Also, take the time to paper trade and practice patterns. Although I do not think paper trading is at all like real trading, it gives people who take the time a chance to gain more exposure... And that is the key. The more time you dedicate to watching the market and understanding, the better you can play the stocks! For me, I live on the west coast,  but I told myself that every day I will wake up at 5 to read and scan the market. As a college student, this is undoubtedly hard, but I have been at this for a while now and I truly believe the efforts have paid dividends! If you are a complete beginner, my recommendation is to start by watching Ricky G on youtube. He gives a very basic understanding of how to trade but I dislike his style. After you gain a little more of an understanding, give Humbled Trader and Live Traders some views. Try to understand what they are saying. Watch the full lectures and digest the free knowledge they provide. If you can get through all their content, lastly I'd recommend Steven Dux. His English is a little hard to understand but he spits knowledge that I like. The knowledge is out there and it's free, just take the time to look! I developed my style of trading by mixing Humbled Trader's news catalysts with Steven Dux's stock technicals! (I post my news watchlist daily if you want!)
+2. On the topic of indicators and patterns to learn, I know this is repetitive to some, but honestly, just pick one and test it for a while!  You can use the resources I mentioned above to get a start. Remember, your pattern will end up to be uniquely yours! You will find your ways to interpret the market and patterns as well as the psychology of other traders. Believe in yourself and you might be surprised! My favorite play is the morning dip!
+3. MONEY MANAGEMENT! Now I wanted to link this to what we commonly see on stock subs- Losses and Gains. I want to mention gains especially because I recommend you put the goals of trying to earn money out of your mind for the first couple months. Instead, approach this with a mindset to learn a skill. You should be fine never making a dollar for the first couple of months! I mention this because too many times we see other people make massive gains, this affects us no matter what. It is human nature to be jealous and try to beat the other person, at least for me it was. These emotions are what calls us to make FOMO type trades. Avoid them. Do not glorify other people's gains. You just do you! You should praise yourself for the slow consistent gains you make! Make sure to set stop losses always! Only trade what you understand and are comfortable with. Do not chase! I know the market is crazy these days with 300% jumps, but do not chase! It will build better habits for the future when the market has calmed down. Make sure you have target prices set and plans concretely set before you enter any trade. Be smart! On losses, take note of what can happen if you aren't careful. These are reminders that the market is dangerous so we should always be careful and wary especially when investing out own hard-earned money.
+4. How to take a loss? Just take it. It's sad, it sucks and we all know how it feels. It sucks even more especially when you are right about a stocks' behavior but it stomps you out by a few cents. But at the end of the day, it's better to lose your set risk rather than to lose more than you can handle. Loss in part of the game, no way around it. For the longest time, I had a written on my board that I will learn to lose with grace. Look at every loss as a paid lesson you take. Make sure you reflect and see how you can improve next time!
+
+These are my biggest tips for any trader that wants to learn! Now there are soo many more things that a trader needs to be wary of, but these helped me the absolute most! I might come out with more instructional pieces in the future but I wanted to put my thoughts into words for many people who ask me! For those who want to learn, I hope you can obtain some sort of motivation and knowledge from this post! I wish you all the best and good luck!! Let's make that dough:)
+As the title states, it just doesn't make sense to me. If the dollar collapsed, am I supposed to buy milk with swiss francs? For the average investor of moderate financial  means, buying a few ounces of gold is all that's possible. If you had millions, I can see buying a bunch as you could utilize it realistically. I just picture the economy in shambles and here I am with my one ounce bar of gold having no clue what to do with it except sell for more "useless paper" - Help me see the light on this
+My 41 year old brother who is mentally challenged received it from an accident he was a passenger in a couple years ago. He was in the hospital for a few days but is all healed up and fine now. All his medical bills were taken care of through Medicaid and Medicare. He is a functional adult that works a part time job supplied to him by the county, he doesn't make much but it gives him something to do. He also receives social security. He lives in a group home and he's doing ok money wise so he doesn't need it now. The rest of my family is not very smart about money. Me and my wife do ok and are in a good spot so they brought the check to me to handle what goes on with it. How can I save this or invest it for him to make it last as long as possible? We live in Ohio and I looked into the STABLE program so it wouldn't affect his SS, but it looks like you can only put $15000 a year into it. Any help would be greatly appreciated!
+
+Update: Not sure if this is the right way to update or not, so I'm just going to do it this way and see what happens. First off thank you to everyone who took the time to comment with advice on this matter. The internet and Reddit can be such a positive tool for helping. The advice I received on here led me to do a ton of more research into the specific suggestions. I also reached out to talk to his county provided SSA which is basically an advocate supplied to him by the county. I also touched base with the insurance company to make sure that all Medicaid and Medicare liens had been satisfied. And I have an appointment set up with an estate lawyer that has experience with Special Needs Trusts. I feel this may be the best option for us, and I will discuss all of this with the lawyer including taking care of end of life expenses for him. I tried my best to respond to as many comments as possible, but it started to get a little overwhelming to try and keep up. Once everything is set up I will probably come back and either update this post again or, make a new post and link this one.
+[Disney+ now has at least 55 million subscribers,](https://www.cnbc.com/2020/05/05/disney-reports-33point5-million-disney-plus-subscribers-at-end-of-q2.html) a doubling from December. No doubt, Disney's streaming service (+, Hulu, ESPN) can be expected to be at least as profitable as Netflix.
+
+Disney originally predicted to have 60-90 million subscribers by end of FY **2024,** which means the current boost is difficult to gauge long term.
+
+Disney and Netflix had pretty much the same market cap before the launch of Disney+. Netflix have around 190-200 million subscribers.
+
+Netflix P/E\~90 and P/S\~9, Disney P/E\~39 and P/S\~3.
+
+Even with maintained PEG ratio, Disney should be able to defend another 50-100B on their market cap when they reach 100 million subscribers on Disney+, and by the looks of it that could very well happen within 12 months, exceeding Disney's own time expectations by at least 75%.
+Everything was going so well, green dildos everywhere for a while there. Life was good. Then, over the last month the market has taken a dive and the portfolio doesn’t look as strong. 
+
+FUD and media coverage about crypto tanking are dominating the news cycle. And of course, all of this just had to hit right before Christmas. 
+
+Now, I must go sit at Christmas dinner and listen to Aunt Teri talk about how much BTC has tanked recently and I should have never invested in that scam. Brother-in-law Charles will be pointing out how stocks have always been the only proper investment. Dad will just be shaking his head in disgust. It will be a collective circle jerk of “I told you so” all pointed at me. 
+
+I for one am hoping for a nice run over the next few days so I don’t have to listen to all the crypto "experts" on Christmas day.
+
+Happy Holidays to all!
+Not that I think he’s a bad actor, gme  i̶f̶s̶ OG’s* will know he actually did a lot of good and I think he’s more on Ryan’s side than jim bell and Kathy Vrybeck. But he will be incentivized to sell some of his shares if not voted onto the board, so vote yes AS RC RECOMMENDED and keep his shares locked up.
+
+Edit: seems to be some hive mind in here around the idea that ‘Sherman was good vote Sherman to board’ being fud / a shill stance. If you genuinely think Sherman is a bad actor, you need to go do some basic homework and read up on the timeline of this whole story- I’ve been in this trade since October last year and am telling you that RC and Sherman are not enemies, the guy basically got pissed on by someone half his age and had his whole company overhauled and replaced and has complied at every step. If he’s recommended to serve on the board per the proxy package it’s not a trick, the current new replacements at both the board and management level formulated this opinion genuinely.
+Hi all,
+
+I'm looking for a decent portfolio analysis website/app to get a better overview of all my investments, identify weak areas, etc. Needs to at least include shares, funds (+ breakdown of funds) and crypto. I found Morningstar but it seems fairly dated and doesn't track crypto. Has anyone got any good recommendations?
+
+Many thanks
+ I know there are many apps for budgeting, but not sure if there are apps for net worth tracking.
+
+Are you using any apps, if so which? What were your considerations e.g. privacy, data? Or are you just using old school spreadsheet?
+
+Would you share any tips how you do this, what are the things you track, how often etc. Thank you!
+Hi all, Happy New Year. Hope we're all strapped in for 2021 - should be an interesting one!
+
+As some of you will know, I am a new advocate of clean energy stocks and ETFs, particularly INRG that has been flourishing recently (long may it continue!). I'm very passionate about sustainability in general and see this particular sector only going one way over the next 10-20 years.
+
+I know a few of you are also big on INRG on this subreddit, so wanted to get your opinions on other clean energy ETFs or stocks that you would recommend fit well alongside INRG. INRG is heavily weighted towards the production and utilisation of Solar energy, so I'm thinking of looking for something that's more diversified.
+
+Cheers
+Hi everyone,
+
+I just had a conversation with my flatmate who used to live in Melbourne between 2016-2020. 
+
+He claimed that he was making $200,000 in 1.5 years driving Uber and easily made $3,000 a week.
+
+I’m not an Uber driver, but I would like to ask if anyone can tell if it’s exaggerated? From his facial expressions I think it’s likely that he lied to impress me, but may be it’s different on the other side of the Tasman sea?
+
+In my local market (Wellington, New Zealand) Uber drivers often make around $50,000 - $60,000 net income. I used to do tax returns for several taxi drivers here in New Zealand and that looks like the usual range.
+Modest 3 bed houses in Sydney, north of the 'latte line’ or Inner West regularly go for this type of price, often well in excess of $2mil. I’m just wondering how do people entering the market today afford, or more importantly, aspire to afford something that expensive?
+
+These houses often aren’t anything flash, they are the ‘entry level properties', they often need work, are still a long way out, or have other obvious flaws. I’m literally talking about the bog standard family homes that a lot of millennials grew up in as kids.
+
+Obvious answers are, Bank of Mum & Dad, inheritance, cashed up immigrants, foreign buyers, flipping cheaper houses until you ladder up? But honestly, are there enough people in that situation to continue at this trajectory?
+
+If prices take off again, how does this work? Do these just become a captured asset class, handed down from generation to generation? What happens over the next 10-30 years when the boomers all start to sell them en masse, who buys them if the general population can't?
+
+According to Commbank, you need to be on 250k household to come close to borrowing 1.5m, with an eye-watering 52% of income going to mortgage repayments. Stamp duty alone is nearly 68k. If you earn 260k household, you are in the top 5.5% of all wage earners in Sydney Region.
+
+What am I missing that seemingly everyone out there seems to know?
+Hi guys,
+
+So gas prices are crazy expensive but even more so in Nordic countries like Sweden, Norway, Finland where prices are apparently 10 bucks per gallon. My question is why? 
+
+1. Does this have to do with carbon taxes?
+2. Wouldn't a country with a nationalized fossil fuel industry like Norway not be affected by global oil shocks as their oil comes from "in house" so to speak and thus they have more democratic control over prices?
+3. Do high gas prices matter if the countries main source of energy is renewables? I would think not. Sweden for example apparently has most of its energy come from geothermal, like active volcanos and such. 
+
+Thanks in advance.
+What do economists think about India's farm reforms?  Do economists support India's farm reforms? 
+
+[The Economist says "Agronomists and economists are in nearly uniform agreement with the thrust of the new laws."](https://www.economist.com/the-economist-explains/2021/02/05/why-are-indian-farmers-protesting)
+
+Sen sides with the [farm protests](https://m.timesofindia.com/india/amartya-sen-says-space-for-debate-shrinking-bjp-hits-back/amp_articleshow/79989490.cms). Basu [supported farm reforms before but, doesn't](https://theprint.in/economy/as-upa-cea-kaushik-basu-backed-farm-reforms-now-he-calls-modis-laws-flawed-detrimental/570086/) anymore. 
+
+[Gita Gopinath seems to support farm reforms.](https://www.indiatoday.in/business/story/india-s-agriculture-laws-have-potential-to-increase-farm-income-says-gita-gopinath-1763291-2021-01-27) Panagariya [supports the farm reforms as well](https://twitter.com/APanagariya/status/1307652346097348608?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1307652346097348608%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ftimesofindia.indiatimes.com%2Findia%2Feconomists-sought-these-reforms-for-decades-says-arvind-panagariya-on-passage-of-farm-bills%2Farticleshow%2F78221311.cms). 
+
+So India's farm reforms are a necessary evil?
+I'm a guy who graduated this year and have been working for a few months now. I'm in civil engineering working for the state, so I make ok money but not as much as compared to the other engineering majors like comp sci and whatnot, but I enjoy the work life balance and my job doesn't make me miserable. My ex is still in school and will graduate in a few years with her masters in business.
+
+​
+
+I come from a poor immigrant family and was interested in FIRE about a year ago after seeing my parents always struggle with paying their bills and how they can't afford to retire. I am extremely interested in FI and a bit less interested in RE because I want kids and more financial stability. Plus, I wanted to spend some of that money to help take care of my parents, so retiring too early isn't really feasible in my case.
+
+​
+
+I've shared this plan with my now ex gf in the past before and she always had her doubts when I said I wanted to retire at 50 if possible (when I can start collecting my pension). Her parents and her family friends all come from better backgrounds and are upper middle class, so she was raised with a certain mentality of "work as hard as you can to make as much money as you can". Her parents looked down on me and my family for not being as well off as them even though they've never even met me and I think this played a huge role in what she wanted in a partner. That and the fact that she will out earn me in the future made her resent the idea of me being retired (and not caring to impress people) while she works for more money to maintain a certain lifestyle. She also doesn't understand why I want to retire early when I'm still young and physically capable of working until I'm in my 60's to earn even more money. I've always hated the idea of working my ass off as much as I can to make as much money as possible while missing out on life. Of course, I will still do my best at work but when it's 5 o clock, I'm out of there.
+
+​
+
+I'm still saving about half my income and living at home to pay off student loans and working on FI. Yes, I have a car and drive myself to work, Anyways, I'm sad and this is mainly just a rant and I was wondering if anyone has been through the same thing, how did it work out for you? How did you find someone who is/is willing to FI and maybe RE?
+
+EDIT: After reading yall's experiences and opinions, I feel much more confident in myself and my future. She's a good gal and sometimes, two good people just want different things. I'm not resentful towards her or anything like some of y'all think. Things just didn't work out and I'm glad we figured that out now before we got married.
+
+EDIT 2: I know I left out a lot of info before. Her parents already disapproved of me since they found out about us a long time ago and it had been in the back of both of our minds. One of the things they didn't like about me was that I had to take out student loans and pay for my college. Also "He doesn't pay for you when y'all eat out? Date someone who cares about you and can" when I was living off of student loans and could barely afford to eat out alone let alone pay for her as well. They also didn't like that I didn't drive in college because I couldn't afford to and didn't want to take out more loans, just to give you an idea of what we're dealing with here. Her parents are the typical stereotypical Asian parents who'd rather their daughter date someone older with more financial stability, because god forbid she date someone her age who's trying to get their life together. Even though I've never met them after dating for almost 3 years, you can see why I'd be hesitant to and why she'd be reluctant to introduce me to her parents. And this is what she's told me, so it's not like I'm speculating all of this.
+
+I'm not going to spend the rest of my life trying to please her parents and other people knowing that they wished their daughter would marry a doctor. Memes aside, it's not far off from reality as some of y'all think.
+
+EDIT 3: Thanks for sharing yall's stories and experiences. I'm reading all of them, even if they new. Thanks, FIRE community.
+Hey everybody,
+
+Last month has been the most expensive month in my 15yr working life. In June, a lot happened:
+
+-I started visiting a cardiologist because of strange chest pain. Had multiple expensive tests done ($1500).
+
+-I visited the ER after a bout of extreme chest pain and was diagnosed with pleurisy ($1000). First ER visit ever for me in 20+ years actually. Just glad it wasn't cardiac.
+
+-We repaired a foundation watering system for our house (this is absolutely essential where we live) ($500)
+
+-And the wife got one time surgery for Sinusitis ($5000)
+
+-And the wife replaced some durable medical equipment she needs to replace every 4-5 years ($1000)
+
+-And then I had the first accident in my life in the same month. I totaled my car and bought another used one for cash ($7000).
+
+Under ordinary circumstances, a family with our middle class income would be under an incredible amount of financial stress and strain.
+
+But we aren't having trouble at all, at least financially. We haven't even had to worry about money in the slightest because we're savers. I think this is one of the largest benefits of FIRE or at least a saving mentality in general.
+I'm sharing this because I thought it was not possible for someone like me to achieve this. I know a lot of people buy homes and it's not that big of an achievement to some people but I come from a benefits family, and of the 12 people in my generation I am the only person that is a home owner. Worked rough manual labour jobs from 15 to 23 where I retrained myself to a creative field.
+
+I had a bit of a rough few years - saved a deposit once but spent it all caring for my mum before she passed away.
+
+I had to save £15,000 again from scratch - did around £10,000 of that self-employed just working every hour I could. I literally went into a weird hyperdrive period where all I did was work and made as much money as quickly as possible.
+
+My self-employed history was really not great before this stage - I made quite good money but my profit wasn't that high due to a lot of travel. Nobody would lend to me at all. And my credit score was pretty fricked as well with a missed credit card payment.
+
+I went out and found a £25,000 job, sold pretty much everything I owned, lived like a monk (literally treated myself to splashing out £5 at the corner shop every Saturday and saved everything else) and once again had my deposit. After 6 months re-applied for the mortgage and along with my partner we were able to borrow around £230,000 with Halifax through a local broker.
+
+I am by no means a financial advisor but if you're like me and don't have parents or inheritance to help you buy a home here are the main ways I did it:
+
+* cancel your monthly subscriptions (saved around £50pm)
+* cancel or lessen your Virgin/BT package (saved £30pm)
+* stop buying takeaways (saved £50pm)
+* sell everything you no longer use or need (made around £3000)
+* if you're self-employed with shitty looking accounts or profits then just get a job for 6 months (the minimum time lenders wanna see you in a job) after you've worked like a mad man to make good money.
+* try to get your credit score up but don't worry too much - speak to a local mortgage broker, not a national corporation!
+
+I'm happy to answer any questions anyone might have about the whole thing if you think I could help!
+Next week we will be flying out to the vacation home of my husband close school friend. We have a house on the same island just 2h away. So we are excited to explore this other side of the island. Our house is beautiful but not fun with kids (and we all still have little kids). 
+
+Prices for renting a house like his, would be 10-20k per week. 
+We asked for his bank details so we could wire him 5k for maintenance etc. The friend refused to give us his bank details. 
+
+I really want to pay him at least the 5k. 
+How can I do this without being disrespectful?
+In a note today Morgan Stanley analyst Joseph Moore upgraded Globalfoundries Inc (NASDAQ: GFS) to Overweight from Equal Weight with a price target of $72.50, up from $70 (21.64% upside). 
+
+Moore downgraded Intel Corp (NASDAQ: INTC) from Equal-Weight to Underweight and announced a $47 price target (3.83% downside).
+
+Moore prefers GlobalFoundries over Intel, given his view that the former acts as a hedge against the risk of U.S. government support for domestic foundry and new business opportunities moving out of Asia as customers diversify. 
+
+While Intel is betting big on its foundry business and recently purchased a smaller foundry in Tower Semiconductor Ltd (NASDAQ: TSEM), GlobalFoundries already has a solid and growing customer base based on "proven know-how and manufacturing capability," Moore says.
+
+ANy thoughts? For full disclosure I own GFS.
+***TLDR***: This stock seems like a great addition to a diversified portfolio in the consumer defensive sector given how cheap it trades compared to its competitors with respect to price to sales, price to earnings, and price to book ratio. This company has also almost zero debt, and seems to beat its peers in all metrics.
+
+I was casually screening companies this past week with a market cap < $2B with positive earnings in the last 10 years, share buybacks and dividends in the last 5 years. The list of companies was very short, but this one definitely stood out. I've spent a couple hours doing some research, which I will summarize below. This is not an extensive DD but rather a quick snapshot that I hope can spark some debate around this stock. Something I would be interested in knowing more about is the customer experience from any US folks in here when shopping at BigLot! versus other discount stores, from both a physical and an online shopping experience.
+
+**Fundamentals**:
+
+|Stock Price|$47.80|
+|:-|:-|
+|**Market Value ($Bi)**|$1.66|
+|**Total Assets ($Bi)**|$4.04|
+|**Current Assets ($Bi)**|$1.63|
+|**Total Liabilities ($Bi)**|$2.77|
+|**Current Liabilities ($Bi)**|$1.05|
+|**Working Capital ($Bi)**|$0.58|
+|**Long Term Debt ($Bi)**|$0.03|
+|**Shares Outstanding (Bi)**|0.035|
+|**Avg EPS (years 10-7)**|2.69|
+|**Avg EPS (years 1-3)**|8.70|
+|**Book Value per Share**|$36.66|
+|**P/E Ratio (3-year avg EPS)**|5.49|
+|**P/B Ratio**|1.3|
+|**EV/EBITDA**|6.30|
+|**P/S**|0.3|
+
+​
+
+* **Strong Financial Condition:** Current Ratio of 1.55 and Working Capital greater than Long Term Debt.
+* **Earnings Stability:** Positive earnings in the in the last 10 years.
+* **Dividend Record and Share buybacks:** Consistent dividend payouts, and some buybacks in the last 10 years. Management announced intention to continue to add shareholder value via more buybacks in the future. Trailing dividend growth, with the exception of 2020.
+* **Earnings growth:** 220% EPS growth in using first and last 3 years average.
+* **Price to Earnings:** P/E of 5.49 using last 3 years EPS average, and current P/E of 6.77. Competitors like Dollar General and Dollar Tree both trade at multiples of 15+.
+* **Price to Assets:** P/B of 1.3. The likes of Dollar Tree and Dollar general trade at multiples of 3+.
+* **Enterprise Value to Earnings:** healthy below 10.
+* **Price to Sales:** competitors trade at multiples close to 1, BIG at 0.3 is undervalued.
+
+​
+
+**Growth prospects and future outlook:**
+
+* 20 net new stores in 2021. Looking to 2x-3x this number by 2022, with end goal of adding several hundred stores in the next 5 years.
+* Freight cost went up substantially, but they are expected to come back to normal levels which should have a good impact on future margins.
+* Seen an increase of 10% in ecommerce demand. Currently making investments in the online platform to increase conversion. Also added options for same day and 2-day delivery to help drive online sales.
+* Addition of two forward distribution centers to offload regional centers and optimize inventory levels.
+* Revenue has been oscillating from $5.18B the lowest to $5.40B the highest. More recently (2019,2020 and 2021) it has gone up from $5.24B to $5.32 to $6.20.
+* With their furniture and household lines (i.e Broyhill, Real Living) including marketing/omni-channel initiatives, BigLots! seems to have an element of differentiation that can protect them from the competition.
+
+​
+
+**Potential strategy:**
+
+This stock is definitely undervalued. With an earnings yield of 15%, good dividend track record, and decent growth prospects in the next 5 years, and the fact that it currently trades at roughly 14% above its 52 week low, it seams that now is a good time to build a position in this stock. Holiday season is around the corner as well, so an increase in earnings might bump up the stock price beyond the attractive point. In the long term, I don't think that we can predict exactly what's going to happen in this industry besides anticipating that there is very little room for growth, and some companies will be at risk if they don't manage to digitize their business models successfully. However, there will always be a place for discount stores even in unfavorable economic conditions, which is what gives me a little bit of confidence in the 3-5 year range for BIG.
+People who say that Alibaba is a popular buy right now are wrong. The stock has been going down for a while now, so general sentiment is bearish. However, it would be correct to say that it is very popular amongst value investors. Charlie Munger, Mohnish Pabrai and other well known value investors have bought the stock, it is often analysed on value investing YouTube channels, and is popular in forums such as this subreddit. Often it’s difficult for most people to find value until after the fact, but  BABA is very much on the radar of most value investors.
+
+My question is:
+
+Have there been any stocks that in the past were similar to BABA? By that I mean stocks that were generally unpopular but it was an open secret that value investors loved them (either super investors or people like those in this subreddit). I don’t mean that they have to be Chinese, that they have to be growth stocks etc.
+
+Follow up questions:
+
+What happened to the prices of these stocks?
+How long did it take for them to reach fair/over value (or for it to be obvious that they were value traps)?
+Why was the general sentiment bearish?
+Why did value investors love them?
+What can we learn from them?
+How can we apply what we have learned to BABA?
+Newer to value investing, I was wondering what are people's thoughts on QCOM as a value play? I ran a DCF and a DDM and came up with a fair value in the mid $200s. Would love any thoughts!
+>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
+
+* During the short squeeze, the losses of those who have short positions continue to increase higher it goes
+   * Since they **owe** shares, the cost to cover their position increases depending on how high the price goes (there is theoretically no limit on how high a stock can go)
+* As market participants who are short on the stock buy to cover, supply decreases and demand increases, causing the price to increase even more rapidly
+* While short sellers are scrambling to cover their positions, the rapid price change may entice investors who are not short on the stock to buy it in order to make a quick profit
+   * Again, lowering supply and increasing demand
+
+# TL;DR
+
+>Obligatory TL;DR (Closest thing to one is section 5)
+
+# 5 - MOASS Breakdown of "How"
+
+The main point of the post is to read and understand section V, but here is section IV to act as a TL:DR
+
+1. Toxic Market Participants have built up massive [short positions](https://www.investopedia.com/terms/s/short.asp) made through [Naked Shorting](https://www.investopedia.com/terms/n/nakedshorting.asp)
+2. Retail caught on to this strategy and discovered it can backfire if the company being shorted does not go bankrupt, especially if shares are bought and held indefinitely
+3. Rules and regulations have implemented by the DTCC and its subsidiaries have been geared towards preventing market collapse, as well as to minimize the ability to perform illegal trades (naked shorting)
+4. The SEC is also doing more to enforce compliance with the "rules"
+5. The manipulators are at the mercy of a vicious trade cycle (T+21/35 FTD Cycle) that is forcing those with naked short positions to perform actions to [cover](https://www.investopedia.com/terms/s/shortcovering.asp) (buy back shares that are short), or risk regulatory consequences
+6. This act of rapid covering drives up the price, making it more expensive to cover during the next cycle if the share price continues to increase week over week
+7. Eventually, the prices of GME will get so high that prime brokers will have no choice but to [Margin Call](https://www.investopedia.com/terms/m/margincall.asp) these participants which most likely will not be meetable due to the nature of [Short Squeezes](https://www.investopedia.com/terms/s/shortsqueeze.asp), causing them to default and be forcibly liquidated
+8. The [Prime-Brokers](https://www.investopedia.com/terms/p/primebrokerage.asp) will then take on the position, and if the Prime Brokers cannot cover them and also defaults, the NSCC will be next to attempt to settle all positions left over based on their [Recovery and Wind-down Plan (p42)](https://www.dtcc.com/~/media/Files/Downloads/legal/policy-and-compliance/NSCC_Disclosure_Framework.pdf)
+9. If NSCC cannot afford to close everything with the money reserved for this type of situation, they the Fed must navigate the remaining positions (potentially via printing money/bailout)
+
+# Stay Tuned for Parts 2 and 3
+
+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
+* FUD
+Why tf nobody talk about the stock split dividend scam anymore?? Don’t GameStop should sue those mf’d? Don’t we must complain at every fk’ place? It affected the stock a lot price is down more than 30%… don’t everyone’s us as individuals should do something to fk those cheater mother fkrs?
+i Live in australia and use ICMarkets, i do use abit of leverage but nothing TOO crazy, i understand all the risks but i have my own system ive been succesful with.   im not here to say " its easy " or crap like that....  i have dedicated countless hours and months too learning the forex markets,  learning patterns , going over charts and all sort of fundamentals.  
+
+
+   i am just wondering why Forex trading is hated and looked down upon by so many people who are into the Markets.... i Was doing some reading on the Internet and i just couldn't belive the amount of trash i read regarding Forex.. its Like all the Stupid fuks who CANT Succeed or be Bothered too learn this type of trading just talk shit about it, Complete fuking trash is all i read...   
+
+
+  i can understand why the normie Generic person would say its terrible, Because they dont understand the  basics of how this type of stuff works.  Same as people  who cant be Fuked learning all the bits of information you need to know...   
+ But  besides that its almost like every single person i come across has a bad thing to say about trading
+ Sorry If this is not the appropriate place for this but I think it is, I couldn't find other money-saving tips on the sub so thought I would share my ultimate guide (originally from my blog but I have removed referral links). This is a WIP as I'm hoping to put together a master guide so if you guys have any other tips, do please share them!
+
+Using some of these tips below I have **saved hundreds** on my monthly outgoings. With two dependants I am still able to maintain a **savings rate of 59%** (which for my income I think is pretty impressive). Don't just take my word for it, try it yourself...
+
+## UTILITIES, ENERGY & HEATING 🏡
+
+So you want to know how to cut down your utility bills? We all know that they are up there with some of the highest expenses we have to fork out for as grown-ups.  There's no denying that changing your provider isn't something we look forward to doing but I can almost guarantee you are likely overpaying for them. The easiest way to find out if you're overpaying is to use a comparison tool like '[Uswitch](https://www.uswitch.com/)'. I'll breakdown the different utilities with tips on how to save on each of them.
+
+### 1. GAS BILL 🛢️
+
+Use a comparison website like '[Uswitch](https://www.uswitch.com/)', avoid promotions that offer a new-comers discount. Find a deal that has a fixed rate for the term, this ensures that your price doesn't go up partway through your contract which sometimes catches people out.  I currently have my gas and electricity with Octopus and I can't recommend them enough, they're cheap, eco-friendly, and great customer service. Another that I have heard great things about is 'Bulb' although I cannot say first hand.  
+
+
+‍
+
+Turn your thermostat down, just one degree makes a huge difference (just 1°C - this could cut 10% off your heating bill).
+
+### 2. ELECTRICITY BILL ⚡
+
+As with gas, use a comparison website like 'Uswitch', avoid promotions that offer a new-comers discount. Find a deal that has a fixed rate for the term, this ensures that your price doesn't go up partway through your contract which sometimes catches people out. Once again, look at Octopus and Bulb as possible providers for their good prices and fixed rates.
+
+### 3. WATER BILL 💧
+
+Use a calculator to find out if it may be cheaper for you to get a [water-meter](https://www.ccwater.org.uk/watermetercalculator/) instead of a fixed tariff (not always cheaper. If your supplier cannot provide a meter then you can look at getting an 'Assessed Charge' Survey, this is where they base your rate depending on various factors such as the number of bedrooms in your home and occupants living in the property. Normally, the charge will only apply if it is lower than the unmeasured bill you would otherwise pay.
+
+Take showers, not baths, turn the tap off when you’re brushing your teeth or brush in the shower, fix leaks.
+
+### 4. ENERGY SAVING (BULBS/METERS) 💡
+
+Most energy providers will supply you with a free smart meter, although the meter itself may not save you money per say; it will make sure that you are not overpaying for your Gas and Electric because your supply knows exactly what you are using. The main factor with this that will help you save money is that you can see just exactly how much you're using and it can help you narrow down appliances that are using excessive amounts of energy.
+
+Look into replacing your bulbs with energy-efficient ones, while it may be expensive in the short term, it is said that you will recover the cost after just two months and then an annual saving of up to \~£20. Oh, and they also last way longer! 
+
+### 5. BROADBAND 🌐
+
+It doesn't pay to be loyal these days, I would recommend taking advantage of "new customer only" deals as these normally save you a huge amount for your first contract. When your contract ends you can try and haggle with your current provider which can sometimes work but inevitably you may need to look at moving your custom elsewhere.
+
+## ENTERTAINMENT & LUXURIES ⛱️
+
+### 1. STREAMING SERVICES 📺
+
+Now probably isn't the best time for this what with lockdown and all but we're all a sucker for the streaming services, at least I'm guilty of it anyway. They soon add up... Spotify, Netflix, Disney+, Prime Video. By no means get rid of them all because there is no denying that you have to have some entertainment in life but see if you can sacrifice one or two of these. Just for example sake, if you have all of these and canceled them all you would save \~£384 a year.
+
+### 2. GYM 💪
+
+Just go for a run outside and pick up some big rocks... No, but really, I can't comment on this because I get free gym access through work but I have heard that gym memberships at some of the 'Premium' clubs are huge, see if you can find a cheaper alternative "Indie" gym.
+
+
+## FOOD & SHOPPING 🛒
+
+### 1. SHOP SOMEWHERE ELSE 🏪
+
+I can't stress enough how much of a difference to your food shop cost it can make just shopping somewhere else. I have friends that shop at Tesco and it makes me cringe at how much it costs them just to get a few items. If you don't already, I strongly suggest you try shopping somewhere like Aldi or Lidl. Personally, I shop at Lidl, they have everything you could ever want, at great prices but for the love of god avoid the middle aisle. I have left that shop with things I didn't even know I needed sometimes.
+
+### 2. BUY OWN-BRAND PRODUCTS 🥫
+
+If you're already shopping somewhere like Lidl or Aldi then this probably isn't much of a challenge but if you really can't bring yourself to start shopping elsewhere then at the very least buy own-brand products. Most of the time you cannot tell the difference other than the fact you pay a mark-up for the fancy brand.
+
+### 3. BUY IN BULK 🛍️
+
+Only applies to some things of course, but the main ones this applies to are things that keep for a long time. Such as pasta, rice, and potatoes. If you know that you're going to have to buy the same thing next week then it normally just makes sense to buy the larger quantity.
+
+### 4. BULK COOK 🍳
+
+Much like buying in bulk, cooking in bulk is a great way to save money too. You buy the items in bulk and at a lower rate which in turn allows you to cook a larger quantity. You can then refrigerate the meals for the rest of the week or freeze for another time. It's ideal to have a few meals in the freezer for those times when you really cannot be bothered to cook and are tempted to get a cheeky takeaway, this way you have something ready for one of those kinda days.
+
+### 5. MEAL PLAN/SHOPPING LIST 📜
+
+I recommend going shopping with a list and sticking to it. This way you get exactly what you need and no more. Ideal for when you see something in the middle aisle of Lidl that you definitely don't need but want even though you have never heard of one before. It also helps to make a meal plan, ideally for the month but at the very least for the week, this helps ensure that you are buying all the ingredients you need in one shop.
+
+## TECHNOLOGY 🔌
+
+### 1. SIM ONLY DEALS 📱
+
+You may find yourself spending around £60 on your phone contract, Over a 2-year contract, you could find yourself spending nearly £1.5k! Although you can't commonly leave your contract once started. I would recommend looking at SIM-only deals when nearing the end of your contract. There are a couple that I recommend, I use SMARTY (a subsidiary of Three UK)  but Voxi is also another good option. 
+
+## TAX, CHILDCARE & ENTITLEMENTS 👶
+
+### 1. TAX-FREE CHILDCARE 🧑‍🍼
+
+Saving the best till last because we all know how expensive the dreaded childcare costs can be. If you are able to, you could ask a friend or family member to help out for one day a week or something. Just one day off a week throughout the month could save you £160. That being said, we don't all have the luxury of having friends or family around to help out. The government a scheme where you get Tax-Free Childcare, you’ll set up an online childcare account for your child. For every £8 you pay into this account, the government will pay in £2 to use to pay your provider. You can see if you are eligible [here](https://www.gov.uk/tax-free-childcare).
+
+### 2. 30 HOURS FREE CHILDCARE 🧑‍🍼
+
+Likewise, with the tax-free childcare, you can get 30 hours of free childcare per week for 38 weeks of the year (during school term time). You can see if you are eligible [here](https://www.gov.uk/30-hours-free-childcare).
+
+### 3. WORKING FROM HOME TAX RELIEF 👨‍💻
+
+Even if you have only worked a single day from home during the lockdown then you can claim expenses for the entire year. 
+
+You can either claim tax relief on:
+
+* £6 a week from 6 April 2020 (for previous tax years the rate is £4 a week) - you will not need to keep evidence of your extra costs.
+* the exact amount of extra costs you’ve incurred above the weekly amount - you’ll need evidence such as receipts, bills, or contracts.
+
+Tax relief for the full tax year will be worth either £60 or £125, depending on the rate of income tax you pay.
+
+You have to of been make to work from home is the only caveat that I can see but it is worth checking the criteria for yourself [here](https://www.gov.uk/tax-relief-for-employees/working-at-home). 
+
+### 3. BENEFITS & SUPPORT 🧮
+
+For any other allowances or social benefits then you kind find out your eligibility using one of the following calculators.
+
+* [Turn2us](https://www.turn2us.org.uk/)
+* [EntitledTo](https://www.entitledto.co.uk/)  
+
+
+I think that I have covered everything, but If I've missed anything or you would like to share some of your tips and secrets then I would love to hear about them. Drop me an email at contact@bemoneysm.art 
+
+For more information I recommend reading:
+
+[MSE Money Makeover](https://www.moneysavingexpert.com/family/money-help/)
+
+[MSA Save Money On Bills](https://www.moneyadviceservice.org.uk/en/articles/how-to-save-money-on-household-bills)
+
+***Edit***
+
+Right guys, this post blew up today (for me anyway!) So far I have collated a list and will continue to add to it as more suggestions come in. So far we have: 
+
+1. shop loyalty cards (FOOD & SHOPPING 🛒)
+2. Council tax reduction for single occupants (TAX, BENEFITS & SUPPORT 🧮)
+3. Haggle with current network provider (UTILITIES, ENERGY & HEATING 🏡)
+4. Cashback Schemes (GreenJin, CheckoutSmart, Shopmium) (FOOD & SHOPPING 🛒)
+5. Employer benefits/discount schemes (FOOD & SHOPPING 🛒)
+6. Car insurance (Car insurance can be 1/3 cheaper if you pay up for one year in one off payment rather than monthly DD) (alternative job titles) 
+7. Use multiple comparison sites ([https://energycompare.citizensadvice.org.uk/](https://energycompare.citizensadvice.org.uk/)) (MSE)
+8. Help to save scheme .gov ([https://www.gov.uk/get-help-savings-low-income](https://www.gov.uk/get-help-savings-low-income)) (TAX, BENEFITS & SUPPORT 🧮)
+9. Marriage tax allowance (TAX, BENEFITS & SUPPORT 🧮)
+10. Local market and butchers (FOOD & SHOPPING 🛒)
+11. New tab for student/employer discounts (Tax, transport)
+12. New customer deal (UTILITIES, ENERGY & HEATING 🏡)
+13. tax band change (TAX, BENEFITS & SUPPORT 🧮)
+14. water drainage rebate (UTILITIES, ENERGY & HEATING 🏡)
+15. reciept scanning (ZipZero, StoRewards, Huyu, SnapMyEats) (FOOD & SHOPPING 🛒)
+16. If you're unmetered and living alone, some water companies also allow for a single person discount (UTILITIES, ENERGY & HEATING 🏡**)**
+17. Cancel TV License (ENTERTAINMENT & LUXURIES ⛱️)
+18. Family plans for netflix/spotify etc (ENTERTAINMENT & LUXURIES ⛱️)
+19. lookaftermybills (UTILITIES, ENERGY & HEATING 🏡)
+20. Cheaper gyms - Anytime Fitness, Puregym, The Gym Group (there's no need to pay for expensive classes or personal trainers, invest in a couple of hours research and you'll be golden.) (ENTERTAINMENT & LUXURIES ⛱️)
+21. Add ‘pouch’ as a browser add-on. It automatically browses the internet for any discount codes and applies that to your basket. I’ve saved a lot from this already (FOOD & SHOPPING 🛒)
+22. hotukdeals and camelcamelcamel to find best deals (FOOD & SHOPPING 🛒)
+23. refinance loans
+
+I will update new changes on this post when I get round to it, I'll also keep it up to date on my (shameless self promotion) blog for those that may be interested.
+
+https://www.bemoneysm.art/posts/ultimate-guide-to-cut-back-your-bills
+
+Mods please let me know if you want me to remove the link.
+Due to some bad characters trying to take advantage of WallStreetBets going private, we have decided to make it public again and clarify something very important: **r/WallStreetBets will NEVER, and has never, charge for access.** There are scammers going around Twitter and other platforms pretending to be moderators and asking for donations in order to gain access. Do not send money to these scammers.
+
+We have absolutely zero tolerance for scammers and people trying to exploit the subreddit. We care about our community and only want the best for you guys.
+
+During the process of going private and public, AutoModerator is not functioning as it used to. Please be patient while we work this out.
+
+We apologize for the inconvenience. Thank you for understanding.
+It’s funny to see how human psychology works. I know there are too much panic in the market right now and you don’t want to risk your funds but if you are in for long term you would kill for this price.
+Most diagrams I see in my economics books shows that MC cuts the AC from below, I understand that point but how does MC increase as AC decreases, IMO the minimum point of MC should intersect with the minimum point in the AC curve as both increase due to the Law of diminishing returns.
+
+[https://imgur.com/a/N4kM2qW](https://imgur.com/a/N4kM2qW)
+# DRS Guide [Here](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/?utm_source=share&utm_medium=web2x&context=3).
+
+It's that time again, yet another AMA request post!
+
+You'll likely recognise her name from this recent post among others:
+
+[https://www.reddit.com/r/Superstonk/comments/sisqv9/lisa\_braganca\_is\_doubling\_down\_on\_her\_claims\_of/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/sisqv9/lisa_braganca_is_doubling_down_on_her_claims_of/?utm_source=share&utm_medium=web2x&context=3)
+
+*Questions will remain open until the start of the weekend (EST), and recording will take place in early March, so expect this AMA to be out around that time.*
+
+**Do what you do best, ask away! Even if you're unable to comment due to karma reqs, comment and I'll be able to see them during my collation process - so don't let that inhibit you.**
+
+ \------------------------------------------
+
+Find below a blurb about her experience, history, and disclaimer that she provided us:
+
+ \------------------------------------------
+
+I'm Lisa Bragança, an investor advocate, securities regulation attorney, mother, dogmom, and electric guitar and bass player. I was a Branch Chief for the SEC Division of Enforcement about 20 years ago where I conducted and supervised investigations into alleged manipulative trading, insider trading, and many types of fraud. Now I represent investors who have been defrauded, whistleblowers, and individuals and businesses responding to subpoenas or other inquiries from securities and financial regulators.
+
+In the US, we have an incredibly arcane and complicated system of regulation of financial markets that includes the CFTC, CFPB, SEC, FINRA, state securities regulators, state insurance regulators, state money transmission regulators, not to mention numerous federal banking regulators (Federal Reserve, OCC, FDIC, etc). This does not include the regulations that apply more generally to business conduct like regulation by the FTC, state attorneys general, etc.
+
+I can’t commit to answering all questions because (1) I have current clients to whom I owe a duty not to say or do anything that might harm their cases, and (2) I do not actively keep up with CFTC, FTC, CFPB, and banking regulation other than when they intersect with securities regulation. That said, I will do my best. 
+
+My law firm is Bragança Law LLC, with a website at [www.SECDefenseAttorney.com](http://www.secdefenseattorney.com/). You can find me on Twitter at @LisaBraganca. My firm has pages on LinkedIn and Facebook. I am new on Reddit as u/FormerSECDefenseAttorney.
+
+DISCLAIMER: Nothing in this post creates an attorney/client relationship. I can provide information and my opinions about the law but not legal guidance. The specific facts matter, and you should always seek an attorney and not rely on what I am saying here. My goal is to help you understand and to help your advocacy. As required by some attorney regulators in the USA and other countries, I state that this is attorney advertising.
+
+ \------------------------------------------
+
+**Please note, the IEX AMA will be out soon - doing AMAs with companies involves more hoops, given the legal/compliance reviews they need to undertake before we post them (better safe than sorry, as the saying goes).**
+Hey all!
+
+I worked in a couple of European countries and I have different accounts everywhere. I was wondering if there are any laws prohibiting me to wire my money to another account in another country? I hear stuff about "exit taxes"? Why do I need to pay taxes on top of the taxes I already paid in income tax?
+
+I have ~180k euro in Germany, ~40k pounds in the UK, ~100k francs in Switzerland, ~120k pln in Poland, ~$45k in the US.
+
+Can I, for example, wire everything to currency-specific accounts in Switzerland?
+
+Thank you!
+Looking at maybe starting a senior 'group home', but when I look at definition of a group home, it says most provide meals, laundry, activities. 
+
+Is there a different name or category for just renting to 55+ without providing any services, like the old TV show *Golden Girls* for those old enough to remember?
+I have 26k in student loans at monthly payment of $332 that’s deferred for now.  I would also like to buy a mobile home 3bed 2 bath for 20k and cost like 3k to move it to property I own.  I won’t have enough for septic system etc just yet but it would be a start to goal of renting it.  Should I buy the mobile home and start the process or should i payoff loan.  I currently have one rental already.
+Happy Holidays Apes!
+
+We are opening today right on max pain @ 155. Based on yesterday's adherence to this price range and this morning's also low pre-market volume, we will likely end the week right around this point.
+
+While a run this week would have been nice, the massive shorting incurred over the last two weeks seemed to be sufficient to reduce their call side exposure. So unless the fund managers running the now 3 ETFs placed on the threshold list over the last week decide to recall, APs return the created shares in T+6 (Mon/Tues next week), we will have to wait for the FTDs to start rolling in, in January.
+
+Unfortunately without sufficient data there was no way to predict the amount of exposure from all of the possible sources (GME, ETFs, and Futures). **We simply had to wait for it to play out**. our only data point was for December 2020 and it being directly after Ryan Cohen's buy-in could have highlighted a part of the cycle that wasn't actually that great in magnitude.
+
+We knew that GEX on the GME options chain was minimal. While OI was actually pretty high for the 17th, the - 49.01% drop in price over the previous two weeks was sufficient to drive those calls out of the money. This synthetic sell-off across the entire sector was clearly sufficient to reduce exposure in the other basket stocks and ETFs as well dropping them all below their long term moving average and generally below the price those options were sold at. With Delta Sensitivity as high as u/yelyah2 noted, the option to allow the price to rise was not on the table.
+
+I would reassess my theory at this point if not for...
+
+* The fact that very few shares of GME were borrowed from the lending pool (evidenced in the daily counts from Fidelity and IBKR, along with minimal increase to the borrow rate)
+* The inclusion of multiple ETFs on the RegSHO Threshold list that are known sources of GME synthetics
+
+**Removing a year of growth on an entire sector in two weeks is no small feat and in direct relation to the date LEAP and Quarterly exposure was due.**
+
+While some of those stocks may have plenty of liquidity to allow massive shorting. GME does not, and like any other period in my thesis the failure to cover exposure or the synthetic covering/avoidance of exposure nets FTDs.
+
+With all the cans kicked into January I'm still looking forward to this cycles FTD anomaly period.
+
+**You are welcome to check my profile for links to my previous DD, and YouTube Livestream.**
+
+Historical Resistance/Support:
+
+116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 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 Market
+
+Descending channel throughout the day after that peak earlier all the way into a close $3 below max pain. If there is some covering from the massive number of ETF shorts it should be within that T+6 window from the 17th, additionally the 27th is an the first FTD day of the January cycle. It will probably be minimal as it is GME FTDs not ETFs. Thank you all for tuning in and a happy holidays to everyone
+
+\- Gherkinit 
+
+https://preview.redd.it/2wo8azodzc781.png?width=699&format=png&auto=webp&s=314a68807fe8d38f2593cc6b11bbfc21b66f4683
+
+https://preview.redd.it/r7243g8gzc781.png?width=1629&format=png&auto=webp&s=9573afb729b69a18f35359769fc65eccece5b625
+
+Edit 3 1:32
+
+Just to clear up any confusion
+
+https://preview.redd.it/3gk2k8nz5c781.png?width=722&format=png&auto=webp&s=1bf3a4e297c0ee2845fb23c5aa7c41802de872e9
+
+Edit 2 11:35
+
+GME making a very nice recovery even with half the daily volume borrowed in short positions. Looking for a break of max pain if the trend persists.
+
+https://preview.redd.it/m99aufeykb781.png?width=1630&format=png&auto=webp&s=a9070e0d9106c785e8d2c771a2cbdd75dfdb8d6a
+
+Edit 1 10:45
+
+188k thousand shares borrowed and 456k volume so far today. It looks like we found some support after this mornings short at 146 and are now stabilizing to the upside.
+
+https://preview.redd.it/y0z96pb5cb781.png?width=1623&format=png&auto=webp&s=120c536d85005208df3f3a838ebab0c2057dd4a7
+
+# Pre-Market Analysis
+
+GME showing a couple little volatility spikes in pre-market, volume is slightly better than yesterday but still extremely low at 6.28k.
+
+Shares to Borrow:
+
+IBKR - 85,000 @ 0.9% (15,000 returned)
+
+Fidelity - 690,820 @ 0.75% 👀
+
+[GME Pre-market 1m](https://preview.redd.it/u2z9u08nva781.png?width=1619&format=png&auto=webp&s=0aec0c9a6562b1955c21d65c97eb80f75c2c6e42)
+
+**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. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁
+
+*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.*
+
+\**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.*
+Global stock market rally is a gamble: IMF warns investors
+https://www.theguardian.com/business/2020/jun/25/global-stock-market-rally-is-a-gamble-imf-warns-investors?CMP=oth_b-aplnews_d-1
+
+Fed Caps Bank Dividends, Bans Buybacks Through September
+https://www.bloomberg.com/news/articles/2020-06-25/fed-caps-bank-dividends-bans-share-buybacks-through-september?
+
+UCLA economist predicts U.S. economy won’t recover from coronavirus until 2023
+https://www.marketwatch.com/story/make-no-mistakethe-pandemic-morphed-into-a-depression-like-crisis-says-ucla-economist-who-predicts-us-economy-wont-recover-from-coronavirus-until-2023-2020-06-25
+
+Nike reported decline in sales and profits
+https://www.cnbc.com/2020/06/25/nike-nke-reports-q4-2020-earnings.html
+
+
+Time to take profit off stocks because 90% of the companies would announce decline in revenues and profits as businesses were shut for 2/3 (April and May) of the quarter. What are your thoughts?
+Here's what I'd do:
+
+* 21-day trip to Antarctica for my wife and me
+* 30 days in Tokyo
+* 30-60 days trekking in Nepal
+* Boat through the Amazon
+* 30-60 days driving the eastern US/Canada
+* Hike in Alberta's National Parks
+
+I don't think the above would cost anywhere near $100k, but I'd be curious if you've other adventures in mind, without worrying too much about budget.
+Yesterday, I sat with my husband and had an easy going conversation about what our family goals should be for the upcoming year. One of the goals I mentioned to him and want to work on is reducing food cost (eating out/ groceries). 
+
+I started following Dave Ramsey a few years ago and have really grown up financially. I feel like we’ve made big changes and are moving in a good direction. We are still in baby step 2. We have zero credit card debt and zero car payments (2 vehicles). The only debt I have is a loan 20k. I took out the loan against my TSP to help my husband buy back his military time and the other debt is our mortgage. I mention all this to say, It’s been a few years that I’ve kept an organized budget book. 
+
+With yesterday’s conversation in mind.  I started adding all the food expenses from Jan 01, 2021  until today. Food only (grocery stores and eating out at restaurants / fast food joints) we’ve spent $18,743.89 
+
+Yes $18,743.89… I am so shocked and sick of myself. Wtf ??? Like what the f?!!!!
+I am changing this, there is no way I am going to let another year go by with this behavior. I plan to change this by meal planning for my family (family of four). On a weekly basis and eating out 2 times a month. I want to go to the grocery stores with a list to be better organized. 
+
+Just a reminder to review your budget, there is always the chance of improvement. 
+
+Sorry for the improper grammar typing from a mobile and a bit flabbergasted. SMH
+
+Edit: a few people have asked me what buying back his military time is? My husband left the military after 10 years of service afterwards he became a fire fighter. The state we live in allows prior service members to buy up to 6 years. Once it is paid in full those 6 years are added towards his retirement for the fire department. I hope that makes sense. 
+
+Also thank you ALL for your input. This is my first post and I am paying attention to the good advice.
+$70,000/year.
+Living at home. Single.
+Deposit of $25,000.
+Looking at borrowing $330,000.
+Body corp $900/quarter.
+Parents will go guarantor so no LMI.
+I have $30,000 saved so I’d have a $5000 buffer after the sale.
+
+Basically mortgage + body corp + rates works out to be 53%~ of my take home salary.
+
+Based on my calculations, after all my bills are paid I’ll have $100/wk left over if I go on fixed. Like $150 or so if I go variable.
+
+Should I hold off until I have a bigger deposit? I’m seeing people say that this figure should be more like 30% and I don’t know if I’m preparing for financial suicide making a decision like this.
+
+Thoughts?
+It’s frustrating as hell. Every restaurant or small business I go to now charges 1.x% for payment by card. I swear I thought there used to be regulations against this or am I imagining that? 
+
+
+I really don’t want to have to carry cash around with me and would my prefer businesses just work their EFTPOS expenses into the ticket price, but there’s no chance of that happening because fuck the consumer right?
+I recall thinking that if Mr Money Mustache, a guy with a family, could retire with a $600k portfolio and a paid off $200k house, a $500k portfolio for a single guy would be no problem. Many people on this sub at the time had similar target numbers in the upper 6 digit range. High numbers, but nothing too crazy.
+
+Now, after reading this sub for 3-4 years, my target number is more like $1M in investments. But I'm starting to wonder why. My lifestyle hasn't changed much. I'm still single and don't plan to get married or have a family. My only goals are to live a modest, quiet life, and for work to be an option rather than a necessity. Do I really need millions of dollars to do that?
+
+These days, I see people here with $1.5 million portfolios saying that they plan to work high stress jobs for another 10 years. Or people with $2 or $3 million who are targeting $5 million, then $10 million, etc. I feel like a lot of the target numbers I've seen here keep getting higher and higher with no end in sight. I get that you need to plan for high expenses in life, like health insurance, aging parents, or if you plan to have kids or live in a high cost area. I feel like this sub changed a lot in the last few years. I'm just a modest earner, with a relatively low FI target number. But maybe I'm wrong and I should be re-evaluating my goals. Can FI even be done on $500k-$1M anymore? Thoughts?
+**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.
+
+​
+
+Time to find the nasty parts of the ABL agreement...
+
+​
+
+>**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...
+
+​
+
+>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.
+
+​
+
+>(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...
+Welcome to the Daily General Discussion thread of /r/EthTrader.
+
+***
+
+Thread guidelines:
+
+-  Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread.
+-  All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them.
+
+***
+
+To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto).  Account permissions are required to post comments through Reddit-Stream.com.
+
+***
+
+Enjoy!
+I'm shocked people here are _actually defending_ the new financial regulations the US has snuck into the crypto regulation bill.
+
+The regulation REQUIRES anyone who oversees a transaction of 10k or more to TRACK AND REPORT the SSN, name, location, address of the person sending the money.
+
+How the fuck does that make ANY SENSE when crypto is decentralized, not based in any country, and anyone can transact with any arbitrary node, wallet or contract?
+
+People are saying "just pay your taxes bro" but that's completely irrelevant because there's a difference between people trading on binance with a VPN to dodge taxes, and the US government telling a miner they have to now magically track EVERY SINGLE TRANSACTION they sign on their node. That's completely stupid and it's not yet clear if this new rule will be enforced that way because the other MASSIVE PROBLEM with it is that it's completely up to the agencies discretion how they execute it. They're basically being given blanket authority here to do whatever they want.
+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!
+
+Hello FIRE folks! This is a long personal story but I think it will be helpful for the community at large and especially fatFIRE.
+
+Background: 
+
+16 months ago my residence had a fire. Everyone was fine but the house and contents were gone.  I was insured to the maximum that my carrier would allow, including 50% overage for reconstruction costs and had separate insurance for the big ticket items like jewelry and coin collections. I thought I was pretty good so far as coverage went... I was not. Here's the break down of why and how to avoid the same fate.
+
+Homeowners Insurance coverage 101:
+
+Coverage A:  Also known as dwelling. This is the coverage for the main house. Basically anything permanently attached to the foundation beneath your bedroom and kitchen qualifies as coverage A.
+
+Coverage B: Coverage for any permanent structure not attached to the foundation under your kitchen/bedroom. In my case that coverage includes my garage/workshop and the pool house. They were not affected by the fire.
+
+Coverage C: Personal property. Basically this is anything that would fall out if you picked up the house flipped it over and shook it.  
+
+Coverage D: Loss of use. This pays for you to live elsewhere while you have nowhere to live. (To an extent.)
+
+The insurance industry offers coverage based on percentages pegged to your coverage A limits. Coverage A is determined by formula derived from your most recent appraisal, home square footage, and their secret sauce analysis of rebuild construction costs. So if they think your house would cost $200,000 to rebuild from scratch that's where you start, even if the house cost 400k to buy (or only cost you 100k when you bought it 15 years ago). The rest of the coverage then has a percentage based on your coverage A. It looks something like this.
+
+Coverage A: 200k
+Coverage B: 10% of A (20k)
+Coverage C: 50% of A (100k)
+Coverage D: 20% of A (40k)
+
+These coverages are industry standard and can only be negotiated within a standard set of parameters based on carrier policy. Basically they won't let you insure a house that they think costs 200k to replace for 500k because if they did you might be tempted to burn your own house down. They will however let you negotiate a little more coverage. I negotiated as much extra as I could and got the following
+
+Coverage A: 250k + 50% overage protection (This means that they will pay me up to 250k for the loss, but if I provide proof that it cost more than 250k to rebuild they will pay up to an additional 125k to my contractors after the build.)
+
+Coverage B: 20% (40k) This is double the standard and was the most they would give.
+
+Coverage C: 70%  (175k) This took significant negotiation and I had to stress specifically how nice my stuff was and it was also a very expensive add on. It nearly doubled my yearly cost in and of itself for only 50k of addition payout. 
+
+Coverage D: 20% of A (50k) My carrier wouldn't budge on this one for any amount of money.
+
+In addition to that I maximized all the relevant blanket coverage buckets for all our expensive stuff.  That takes up individual limits for certain types of things. It does NOT extend additional coverage beyond the C maximum, but it does allow more coverage for those items. In my case it was all my hobby stuff and my wife's daily wear jewelry. A thief might steal $15,000 worth of camera gear in one backpack, and without the addition my carrier would only cover $5,000 or my wife's necklace worth $2,000 might get stolen but without the additional blanket they would only cover $1,500 per piece. This is great for theft but this was a total loss and I ended up significantly under covered. That's mistake number one and it makes for a good transition.
+
+
+Mistakes, problems, and suggestions:
+
+
+1. Under coverage A: As a FIRE adherent I minimize my hard monthly spend. It's a big reason for my FIRE success, but it also means my house is significantly smaller and in a much less posh neighborhood than I could afford.  This leads to a nicest house on the block problem in that my house value is capped by neighborhood so no matter how nice my floors are or what my kitchen appliances and cabinets cost the appraisal part of my insurance coverage formula will be low. 
+
+The lower square footage from buying a house that fits me rather than one that fits my budget means another input to the formula is also low. That's means that from the start I'm super under insured for Coverage A, and if you are also living in the nicest small house on your street so are you.
+
+I knew that going in which is why I had the additional coverage A to the maximum that I could AND the overage protection. Because of that after 18 months of construction I only ended up paying $25,000 out of pocket above my insurance. Put another way, they thought it would cost 200k to rebuild my house, I thought it was worth paying in case it cost 350k and it actually cost 375k to rebuild my house to code. The 25k will come out in the wash with everything being brand new so I call that a qualified success in mitigating the under coverage from FIRE type living but with recommend coverage we were standing at a potential loss of $175,000.
+
+
+2. Under coverage D: Loss of use is designed to allow you to continue your life in the event of a disaster. First night and really first week take a hotel and process. After that the insurance will try to put you in an extended stay hotel.  They will come up with a price to do that but they won't tell you unless you ask.  You need to ask! My insurance considered my loss of use to be $4500 a month, that's what they were prepared to pay a company to arrange for me to live in an Extended Stay America while my house was rebuilt. 
+
+Remember earlier though my maximum pay out for coverage D was $50k, that's only 11 months of coverage and it took 16+ months for construction to finish. (Its been 16 now and I still don't have a dishwasher) At their rate I would have spent all of 2020 living in a crappy hotel and I would have then had to pay for that privilege for an additional 4 months. Do not let them do that to you.  It took 2 days of fighting on the phone but I got them to agree to pay me the loss of use in two chunks; half up front, and the remainder after the 50% construction sign off. That allowed me to buy an RV cash and keep digital nomading on my own terms rather than be in a crappy hotel. It could also have given me the down payment on a house to use until mine was rebuilt and then rent out. The insurance really wanted to send me through their channels but the coverage is yours so don't let them squander it.
+
+3. Under coverage C: This is where I lost out big. I'm in fatFIRE because I have expensive taste and expensive hobbies. I thought I had planned for that, I increased my camera coverage to cover all my dive camera gear. I increased my firearms coverage to include my Class 3s (Those thankfully survived). I had a few bottles of Opus One in my wine fridge, and an Oban 30 at the bar. I had 3 full sets of technical diving rigs, and a wall display of MtG  Alpha Power, etc. I told the insurance about all of it and it was covered... If a burglar had broken in and swiped my Power9 and the camera bag insurance would have cut me a very large check. Even if all of my "valuables" were stolen or destroyed I was covered either by my homeowners or by specific insurance (engagement ring, art, a collectable metals policy for coins). 
+
+But here's the thing the fire took all that stuff AND all my "non-valuables" no thief would be interested in my backcountry hiking gear, but it turns out I had $15,000 in miscellaneous tents, pads, packs, packrafts, boots, skis you name it. Then my wife isn't rocking Birkin Bags but she's got another huge chunk in bags and shoes and makeup that added up. We both had clothes, not talking about expensive suits or designer dresses but 2 weeks worth of underwear and 20 pairs of wool socks and 20 years of picking up one good item when we needed it. Then there was computers and sundry electronics, furniture, books, all the small things that make up a life. That's all considered non-scheduled. It's expensive in aggregate but not worth definitively noting for coverage, and that stuff adds up.
+
+So the insurance told us to make a list with values and send it to them after the fire. We got about halfway through the house and were already at 250% of our coverage C limit. They told us to stop and cut a check for policy maximum. Our specific insurance paid out on the items that they covered separately, but we still only got paid for about 20% of the replacement value of our stuff overall.
+
+The lesson here is knowing the difference between additional blanket insurance and Scheduled items. If you have better than average stuff, don't just buy more limits to your blanket coverage, take the time to actually Schedule what you can. I wasn't going to Schedule wine because we drink that stuff, but I could easily have Scheduled the MtG cards because I don't even play now, I only kept the Power for nostalgia and investment. My insurance didn't require me to schedule a $10,000 Rebreather (I asked specifically) but if I had they would have paid for it. Every item that I properly Scheduled or separately insured I was covered for, and that insurance was cheaper than the money I paid for the additional 50k in Blanket coverage. Everything I counted on blanket coverage for paid $.20 on the dollar.
+
+4. The second loss: Up until 2016 if you had a catastrophic personal loss like a house fire you could write off the unreimbursed loss on your taxes.  The Tax Cuts and Jobs Act made it so that deduction was only applicable if you were part of a Declared State of Emergency. I knew I was a little under insured when I bought the house but I missed that change in the law, I didn't realize that I was operating without a safety net. As a bit of interest that deduction didn't go away for business use, so the dedicated office space loss for my wife's business was deductible as was the business property lost, but the personal property loss we just had to eat. We finished the list and it came in right around $750k of which we got back $125k.
+
+
+Whew that was sure a long and involved story Mr. FatBeardedSeal, you lost me halfway through, what should I take away?
+
+Homeowners insurance is designed for average homeowners. FIRE people aren't average homeowners, we house hack and downsize and live well within our means. FatFIRE people have many of the same trappings of our workaday compatriots but don't necessarily look the same on paper. Because of that we are at high risk to be under insured, even when covered to the carrier maximum. So take some time soon to go over coverage and probably Schedule or separately insure big ticket items so you aren't left with a significant loss at the worst possible time in your life.
+
+A fire will suck, even if everyone is fine and nobody gets hurt your life is in shambles and no one will make you whole. But proper planning helps, and the planning is more nuanced when you're FIRE than it might seem at first glance.
+Recently, my SO and I moved from an extremely high-cost-of-living city in California to a small town in the Pacific Northwest. We planned it out for about a year, and were very confident in our ability to:
+
+A) "live frugally" until we had steady jobs and 
+
+B) Find steady jobs.
+
+We have great resumes, his with over 10 years of experience in his field as well as food service, which generally has a high turnover rate, and mine with extensive childcare/nannying and glowing references. We both worked 2 jobs apiece for a year before we left, bringing in 4 very decent paychecks biweekly and leaving us with close to $17,000 for the move. We were cautiously optimistic, and I chose to ignore thread after thread urging people to find work before moving. 
+
+Well, four months later, we have $3000. He cannot find work anywhere, as people don't seem to *leave* this city after coming here, leaving the turnover rate lower than we were used to in a big city. All the networking and connections we had from a decade in the city were lost upon our move, and only hindsight shows how utterly valuable these were. I found childcare work for an agency making about 1/2 of what I did in California, which of course I should have foreseen, but didn't. I bring home just enough to cover our bills- student loan payment, car insurance, credit card debt, etc. We planned on keeping 6 months worth of living expenses, which is being drained with every passing day.
+
+We have to drive everywhere here now, as the weather and public transportation isn't conducive to walking/biking/not driving. Registering our cars and getting our new state licenses, were just the start.
+
+Major financial obstacles:
+
+-Because of low credit, we had to pay 3 months up front to our apartment, in addition to our security deposit.
+
+-Similarly, had to put down a deposit for our ISP until we have minimum 6 months of good standing.
+
+-Fees for water, power, trash services and starting the services.
+
+-Turns out my insurance (HMO) doesn't cover me out of my home state, so I am paying out of pocket for medical services or driving 900 miles to get dental work done.
+
+-Furnishing an apartment nearly from scratch, as we had only a couch and a box of clothes.
+
+-Winter clothes- neither of us owned any rain/weather proof clothing before moving to a freezing climate.
+
+-All The Little Things: spatulas, wool socks, light bulbs, detergent, chains for the car, heavier comforter, all things that you just don't think to budget for. 
+
+
+I wrote this mostly as a cautionary tale, as I've seen dozens (if not more) posts asking for the best way to move to New York City or any other town/city without a job lined up- mostly from young people overly confident in their ability to scrounge until they find work. Do your best to find work beforehand, even if that means Skyping for an interview or even driving/flying to that location for the sole purpose of job hunting. 
+
+Edit: Guys, the damage is done. We live here now. We are making it work. Of course hindsight is 20/20 but I didn't write this out for people to list off every preventable mistake- my point is that for people without a specific skill set, credentials, or a good degree, moving far away without a job lined up or an obscene amount of savings is irresponsible. When you are an objective 3rd party not privy to any other information than that I've provided, it's very easy to pick apart every mistake made.
+
+Edit2: Personal insults are far from welcome, nor conducive to the advice I'm attempting to give. Either you agree, or downvote and move on. If you were me, then I'd be you, and I'd use YOUR legs to get to the top.
+
+Edit3: Please stop sending me PMs about how "unorganized and stupid" we are. Beyond the fact it's a little pathetic, I also don't care about your opinion of two strangers. Just assume we're idiots and move on.
+
+Final edit: I will delete this thread eventually, after being urged not to. I'm fucking amazed at the vitrol with which some of you spit hatred towards a stranger. I'm done getting hate mail regarding something I didn't even ask for advice on.
+Last week and earlier this week, I've been posting warnings about watching out for increased volatility leading into March, and particularly toward the end of March, which is the end of Q1. We're going to see unwinding of massive positions in the pandemic and tech stocks that were successful in 2020 as institutions and professionals will be forced to change their portfolios to more value oriented stocks that will perform better in high interest rate conditions: commodities, energy, high free cash flow businesses, industrials and financials. I refer to this as "rotation" where portfolios evolve from being focused on one sector or asset class to another over time. This Spring, these rotations may not occur in a slow, calm and orderly way. 
+
+Monday, as I said in an earlier post this week, I liquidated most of my positions in the hot stocks of 2020, including EVs, and began focusing on interest-rate proof businesses. These are businesses with lower long term debt, good free cash flow, actual positive profit margins, and good balance sheets. I'm just holding long positions in outright cash purchases of stock, so I don't have complicated positions to "unwind" (I just sell a stock to get out of a position). However, institutional and professional investors, and hedge funds, have more complicated and leveraged portfolios. 
+
+We can't expect the unwinding of positions of so-called "whales" (big players) in the market to always be orderly or calm as the end of Q1 approaches. 
+
+Yesterday's market dump appears to have been triggered by one or more whales forcefully selling $50B of bonds into a reluctant buyer's market. The below is a good article from Bloomberg but it's premium content so I'll summarize it below because it answers the question, *Why are bond yields spiking despite the Federal Reserve setting its interest rates to banks so low and WTF is going on in the bond market?*
+
+[Chaotic Treasury Selloff Fueled by $50 Billion of Unwinding](https://www.bloomberg.com/news/articles/2021-02-26/chaotic-treasury-selloff-fueled-by-50-billion-position-unwind)(Paywall)
+
+* **A massive dump of $50B in bonds suggest one (or a few) positions were unwound by one or more whales**  
+
+> “It wasn’t an orderly selloff and certainly didn’t appear to be driven by any obvious fundamental continuation or extension of the reflation thesis,” wrote NatWest Markets strategist Blake Gwinn in a note to clients. 
+
+* **"Fundamental decoupling" between low interest rates and a heating economy**
+
+Bond and lending pros are rejecting the Federal Reserve's low-interest view, which is at odds with 6-7% growth projected due to stimulus plans and rebound from the pandemic and Powell's talk of "maximum employment" plans
+
+> The bond market’s divergence from a fundamental backdrop was most evident at the shorter-end of the curve. Eurodollar contracts -- which are priced off Libor -- collapsed in record volumes as traders repriced their expectations for the path of Fed rates with few obvious catalysts.
+
+* **What exactly happened?  5-year Treasury notes jumped 22 points, and spreads associated with those notes jumped 24 points**
+
+> The main protagonist in the bond market was the five-year Treasury note, a maturity often associated with long-term Fed rate expectations, where yields closed 22 basis point higher on the day. The so-called butterfly-spread index -- a measure of how the note is performing against its two- and 10-year peers -- jumped 24 basis points, the worst daily performance for the sector since 2002.
+
+> Markets now see a Fed hike by March 2023 compared to mid-2023 previously, and have priced in rates over 50 basis points higher by 2024.
+
+> But in remarks this week, Fed Chairman Jerome Powell offered reassurance that policy would continue to be supportive and look beyond a temporary pick-up in inflation, especially from a low base. While Fed Vice Chair Richard Clarida expressed cautious optimism on the outlook, he said it would “take some time” to restore the economy to pre-pandemic levels.
+
+* **Bond buyers who disagree with the Fed were "on strike" yesterday and created a "liquidity drought"** 
+
+> A number of more “technical-style” factors were in the mix, against a backdrop of a good-old-fashioned buyers strike...
+
+> A lack of bond market liquidity, just when traders needed it most [i.e. during a big dump of $50B in bonds]
+
+* **Also high frequency trading exists in the bond market too, apparently, and they suddenly disappeared yesterday in a market that was used to their presence, at the same time buyers thinned out**
+
+> “We think that a steep decline in market depth contributed to the outsized moves in yields today,” wrote JPMorgan Chase & Co. strategist Jay Barry in a note to clients. Barry showed how the share of high-frequency traders in the Treasury market -- which has been on an increasing trend -- tends to retreat rapidly as volatility spikes.
+
+I expect to see more volatility as positions from 2020 unwind and people create whole new portfolios for post-pandemic 2021. This is a good time to look at which stocks are the ones doing well each day and why. 
+
+Disclaimer: Not a financial professional
+
+Edit: I plan to reenter tech stocks hardcore once these whales are done with whatever BS they do at the end of every quarter whenever there are big changes.
+
+__________________________
+
+Edit 2: Here's an addition of more material offered by /u/TomatoeHaven from other references (I have not checked them)
+
+**What impact, if any, does the Fed have on Treasury Yield?**
+
+Note: Treasury yield briefly topped the 1.6% level on Thursday and traded at its highest level in more than a year, raising concern for investors across asset classes.
+
+“To be sure, if bond yields continue to rise and there is a smooth rotation out of growth and defensive stocks into value and cyclical stocks, the Fed will remain sanguine,” strategist Albert Edwards of Societe Generale said in a note. “But the risk is growing that with so many bubbles blown by the Fed something will burst soon.”
+
+https://www.cnbc.com/2021/02/25/us-bonds-treasury-yields-rise-ahead-of-fourth-quarter-gdp-update.html
+Looking to sharpen my edge. I know am pretty confident on the basics, adjustments greeks, underlings I like. I have watched most of the Tasty and Option Alpha videos. 
+
+What do the intermediate and advance traders on here do to never stop learning. I want to be great. 
+
+TIA
+By entertainment, I'm referring to everything from movies, tv shows, theatre, video games, sports, alcohol, hobbies etc. It seems most forms of entertainment don't create anything of productive value besides the jobs and resources required to ensure their existence. In fact, it seems most forms of entertrainment reduce productivity levels, for example video games. You could also argue they increase productivity as they allow people to re-charge and can be good for physical and mental health. However, suppose people were able to relax and re-charge without spending on entertainment. 
+
+Ceteris Paribus, if people re-allocated their resources to savings, investments, or resources which would allow them to be more productive, would there be any macroeconomic benefit?  Just going to add in, that I'm not against entertainment, just wondering what happen in the abstract sense if it didn't exist.
+Been following Coronavirus since January. Was called crazy. Went against my gut feeling and didn't liquidate my portfolios back in February. And even after a few dead cat bounces in March. Fast forward to today and damn, should have sold! I still have 30+ years to retire but the mental gymnastics of what if's is killing me! I'm still investing and if anything, investing more now. But, the what if I sold and rebought now is draining.
+
+Anyone else feeling the feels?
+Hello. So every month I move around $1,000 into my account and pay my rent using my apartment complex's online portal. I pay directly from the account and my understanding is that this is treated as a digital check. The apartment complex accepts payment immediately and clears my balance, and the bank itself typically takes 3 days to deduct that payment from the account. 
+
+This past month, the bank just didn't take the money out. It's still sitting in the account I used to pay. The apartment complex confirms that I'm paid in full, and I paid a bit early last month so it's been nearly 2 weeks now since I've paid. 
+
+I can't imagine the bank would make this kind of mistake (it's one of the bigger banks in the US), but they've never taken anywhere near this long to collect the money after my payments.
+
+Guess I'm just wondering if this is something I should be concerned about. I plan on leaving the money in there until the end of the month at minimum just to cover myself in case they deduct it. But if they don't, am I clear to assume that it's still 'my' money or do I have anything to worry about?
+Edit - https://reddit.com/r/Superstonk/comments/skjx4z/_/hvmu9qb/?context=1
+
+Link to comment below with photoshot of UW sucking up to Vlad
+
+Shout out to u/martinu271 for sharing. Ty! 
+
+
+
+
+Righty-ho apes, I wrote this little ditty a while back, but as some UW tweets have  made their way to the top recently, I think it’s worth reposting. Here goes… again…
+
+
+
+Ok so this is very simple.
+
+Superstonks loves a Twitter screenshot and I understand why. They can be pithy, poignant, fun and a good place to start a conversation. Ryan Cohen uses Twitter, as does GameStop, Roaring Kitty and other legends.
+
+However, not all accounts are equal. And that brings us to Unusual Whales. I mention this because there has been *a lot* of posting ( from?) about them recently.
+
+For those of you that don’t know, here’s a quick recap…
+
+There were some dark days for superstonk in the not too recent past. After gme supporters were removed from Double-USB, rgme was founded and moderators were needed. A young chap by the name of Rensole stepped up along with someone who named herself RedchessQueen99. After a rather strange debacle in that sub, they encouraged movement over to this sub, which most of us did. What we didn’t realise, is that said debacle was something of a coup organised by these two.
+
+Once superstonks had become the main gme subreddit, some strange behaviour began to manifest itself. Rensole (and Red) appeared to be blocking certain DD and users without cause, while simultaneously backing up some others who were less than credible.   Rensole got caught for ‘price anchoring’ and repeating unverified information among other things. He was popular tho, because he wrote a daily recap, which was useful for those with limited time, or were new etc.
+
+However, things came to a head when Red was outed for some truly psychotic behaviour towards another mod. Rensole backed up Red, and stood beside another moderator who had been caught shilling for other stocks and was being outed for further suspicious behaviour. (This third mod was central to Reds actions it seems, but it’s too long a story for now). 
+
+All 3 of them tried to lie and mislead their way out of this situation. All 3 of them were removed as moderators.
+
+Like I said, these were some dark days. (Although I admit, I laughed my ass off and was hella entertained over that ridiculous weekend).
+
+Why mention all of this? Why not leave it in the past?
+
+BECAUSE RENSOLE IS A MODERATOR ON THE UNUSUAL WHALES SUBREDDIT.
+
+The question arises as to how long he has been involved with them. Hell, I don’t even know who they really are, but here’s a clue regarding their reliability…
+
+THEY PUBLICLY PRAISED VLAD TENEV FOR HIS WORK WITH ROBINHOOD.
+
+If that’s not enough to make you highly suspicious at the very least, I don’t know what to tell you.
+
+You are an independent ape, capable of your own decisions. I don’t want to tell you what to believe or what to post -  but you should have reliable information and I personally cannot believe for a moment that Unusual Whales is a friend of the apes.
+
+I also find the amount of posts here and the clickbait-y (and often unverifiable) style of their tweets very concerning.
+
+I don’t want to petition the mods to ban them because censorship is a tough decision to make and never popular.
+
+I’m just asking everyone to think. 
+
+Do you really want to have a suspicious source of information become commonplace and familiar when moass starts?
+
+Your choice superstonk.
+
+🚀🚀🚀
+Original post: https://reddit.com/r/UKPersonalFinance/comments/p3lec4/i_am_paying_51_a_month_for_water_to_thames_water/
+
+I called Thames Water again to ask for my tariff to be changed to the AHC. I talked to the agent and explained to them the contradictory responses that I was getting from Thames Water and that I believe they should change my tariff, since they themselves said that they cannot install the meter. The agent kept repeating over and over that they basically stand for what they have said before. I asked for the matter to be escalated to a manager if possible, all the while remaining polite, and he said it was OK but that I would probably get the same answer. He said able to get a call next few days from manager.
+
+After that I followed your advice and went to the ombudsman website, But they said they cannot help with utility companies. However, they have a link to CC Water, and I called them instead.
+
+CC Water basically told me to write a formal complaint email to Thames Water explaining everything and how I felt as well call my while also letting them know that I have contacted CC Water. I did exactly that and added one paragraph where I explain my disappointment in their ethical practices, as they pretty much locked me in that tariff, since no landlord would do any pipe work out of a Thames Water suggestion.
+
+I got a call two days after that, it was somebody from Thames Water, and they let me know that my email made perfect sense and that I would be immediately changed to the AHC tariff, my bill would change, and I would get the difference back into my bank account.
+
+Thank you so much for your help, I love you all. My new bill is around £22 a month. This takes a huge load out of my shoulders, so I am very grateful to you all 🙇🏻‍♂️🙇🏻‍♂️🙇🏻‍♂️
+Welcome to the Daily General Discussion thread of /r/EthTrader.
+
+Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new).
+
+***
+
+The thread guidelines are as follows:
+
+-  Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread.
+-  All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above.
+-  If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep
+
+***
+
+ Resources and other information:
+
+* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education).
+
+* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto).  Account permissions are required to post comments through Reddit-Stream.com.
+
+***
+
+Enjoy!
+
+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!
+
+Hello everyone and welcome to our community, the strongest community and fastest growing. Lets not say the tremendous unprecedented steps we have seen that no one has ever achieved by day 5, So we are pleased to finally announce the first EXCHANGE LISTING (First). < [https://twitter.com/p2pb2b/status/1383074751808167937](https://twitter.com/p2pb2b/status/1383074751808167937)
+
+New website design teaser - [https://imgur.com/a/FdpM0HH](https://imgur.com/a/FdpM0HH)
+
+So we have been listed on exchange P2PB2B, on our fifth day which is a major breakthrough and accomplishment, this is only the the start. P2PB2B is listed rank number 100 on CMC, We shall be on their soon also (work in progress) on step 2 already.
+
+We also announced on day 3 our charting system which is to be released during Q2, This would revolutionise the crypto market for certain!
+
+For the last few days we have had countless countless counterfeits of our project being made, I dont want to name and shame because as a company we are bigger and better than that, we prove with actions not words and countless FUD, just yesterday admins of other groups were exposed, hours and hours if not days were spent plotting against us, it just made us stronger and work harder to deliver results! We got our twitter page officially back up and formal apology from twitter after being spam attacked by fudders! Here is just an idea of what we deal with on a daily basis, but when you are number one upcoming and changing the whole game, it comes with equal amount of hate. Here is some info that was uncovered, > [https://imgur.com/a/uyCzqLk](https://imgur.com/a/uyCzqLk) , I did not want to post this but want to make people aware of how feared we already are, and also what cruel reality lies within the crypto space, even by owners of other projects!
+
+As we said from day 1, LIKE THE ECLIPSE WE CAN NOT AND WILL NOT BE STOPPED!.
+
+We are ECP ECLIPSE TOKEN , THE ORIGINAL, Please do not fall for counterfeits or people claiming to be us and stealing our work. They cant steal our ideas and they cant beat our community. This is brand new news for the exchange listing!
+
+Details of our company below, We welcome all new holders and investors! JOIN OUR GROWING COMMUNITY THIS IS JUST THE START!
+
+NEW WEBSITE DESIGN BEING ANNOUNCED TODAY HERE IS A SNEAK PEAK [https://imgur.com/a/FdpM0HH](https://imgur.com/a/FdpM0HH)
+
+WEBSITE > [https://eclipsetoken.org](https://eclipsetoken.org/)
+
+TELEGRAM > [https://t.me/eclipsetokenofficial](https://t.me/eclipsetokenofficial)
+
+DISCORD > [https://discord.gg/dx2T9J6G](https://discord.gg/dx2T9J6G)
+
+POOCOIN APP > [https://poocoin.app/tokens/0x375483cfa7fc18f6b455e005d835a8335fbdbb1f](https://poocoin.app/tokens/0x375483cfa7fc18f6b455e005d835a8335fbdbb1f)
+
+BSCSCAN > [https://bscscan.com/token/0x375483cfa7fc18f6b455e005d835a8335fbdbb1f](https://bscscan.com/token/0x375483cfa7fc18f6b455e005d835a8335fbdbb1f)
+
+ADDRESS TO BUY [0x375483cfa7fc18f6b455e005d835a8335fbdbb1f](https://poocoin.app/tokens/0x375483cfa7fc18f6b455e005d835a8335fbdbb1f)
+Some tickers have been high IV for a while RIOT, MARA, AMC. 
+
+I know the risk of selling and missing out or holding shares that plummet. 
+
+Here is an example $100k would buy me 2,700 shares of RIOT (at 37/share)  I could sell 27 calls for a month out for a $40 strike.  Premium would be over $8,600. So effective cost would be around 33.80. If my strike hits at 40 that's effectively an 18%+ gain in a month. .  Between CC and CSP I could make between 7k and 11k per month on my 100k.  Of course I could always start with CSP with the same results. 
+
+Thoughts? Anyone trade high IV theta in such high quantities? Seems like a great opportunity but I know it's risky
+I am curious on people’s salaries based on geography, job, education, etc. What is your lifestyle like? Do you feel comfortable on what you make to have financial independence? I currently work in mining industry but am switching careers to where I will have the potential to make more (eventually) and will love what I am doing. It will be fulfilling. Currently in the transition now. That being said, basic outline of what I’m lookin for is;
+
+1.) Age and education: 27 years old and Business major 
+
+2.) Salary & work hours & ALSO industry you work in: 
+
+$85k/year. With bonuses and a little OT closer to 120k/year. Work around 48 hours per week on average . Mining industry transitioning into financial adv industry 
+
+3.) location area: upper Midwest, United States
+
+4.) Lifestyle: Live comfortable. Usually travel 2-3 times a year. I feel I can pretty much do what I want for the most part, but still need to tackle debt and stay disciplined. Below is everything in more detail.
+
+
+*** PLEASE, if you see anything I should switch up or you think I am doing wrong, let me know your thoughts. This post is to educate and help people. It also forces you to type out your situation and see your overall picture, so maybe others can help you as well.
+
+
+
+
+ASSETS = 
+
+- $13k per year in 401k. Have a total of $40,000 in it 
+- $6k per year in ROTH IRA. Have a total of $17,500 
+- $3,000 per year (taxable brokerage & crypto): Total of $5,000
+- total savings accounts: $14,000
+
+- own land worth $28,000
+- Truck KBB value: $32,000
+
+
+Assets total 
+- After tax retirement assets/savings = $36,500
+- Pre tax retirement assets = $40,000
+- Land and truck = $60,000
+
+TOTAL ASSETS = $136,500
+
+
+
+DEBT
+
+- student loan debt $46,000 (holding off while payments are deferred and paying other stuff off)
+- credit card debt: $11,000 (sitting in 0% apr for 13 more months)
+- Truck: owe $26,500
+- owe $21,250 on land loan 
+
+TOTAL DEBT = $105,000
+
+
+
+TOTAL EQUITY or Net Worth = $31,500
+
+
+
+EXPENSES
+
+- Rent: $600/month
+- Office rent: $175/month 
+- Truck: $510/month
+- Vehicle Insurance: $160/month
+- Land loan: $210/month 
+- Recurring other expenses: $270/month
+
+*Need to start a monthly plan for student loan debt and credit cards... Let's just say 
+- credit card: $300/month
+- student loan: $300/month
+
+TOTAL MONTHLY EXPENSES = $2,525 or 30k/yr
+
+
+LEFT OVER NET: approximately $2,400/month or 30k/yr left (for savings, after tax investing, groceries/eating out, gas, vacation, etc)
+
+
+Vacation: $400/month (around 5k per year but if not disciplined closer to 8k) lol
+Savings: $500/month
+Roth IRA: $500/month
+Crypto & taxable brokerages: $300/month
+Groceries/eating out/gas/misc spending: $700 ish (never perfect given life)
+
+Debt/asset ratio = 77%
+Saving/investing rate = 40%
+
+
+
+Not the high life, but save quite a bit and live comfortable so far and heading to financial freedom. Curious to hear others! Also please chime in on if you think I could better my situation.
+
+Thanks!
+A few months ago I finally got a hang of my bills and started budgeting. I have 1 personal loan and auto loan and CCs. I make monthly payments on both loans more than the minimum amount and I got a great interest rate on both. But my CCs, I have been paying more than the minimum payment for months and I don’t see a change in my balance and it’s making me feel extremely hopeless in paying them off. One CC has 6k and the other only 1.2k. I am trying the snowball method of paying more onto the smaller debt but with the interest rates, it seems nothing is changing and I’m honestly feeling hopeless. Does anyone have any tips or any information on how I can actually see a difference? Would it make more sense to pay the minimum and save the rest till I get the amounts I owe then pay it off at once? Any help would be appreciated, TIA
+I will soon pay off a long term debt and have an extra $300 a month. I was thinking it would be wise to invest this somehow as I live pretty comfortably without it. But I’m not sure where I should start. Should it go into a thrift savings plan, or stocks or something else? Or split it between multiple avenues? And if so, how? 
+
+Essentially, what would you do as a financially savvy young person with an extra $300 a month? 
+
+I have plenty in savings (20k in emergency fund total and another 20k split between other long term savings for travel, large purchases etc) but I know that with inflation these will be worth less and less every year, so am willing to dip into my savings to get a jump start on whichever investment strategy is wisest.
+
+I really appreciate any advice as I am completely new to the investing world and am a little lost on which strategy is best and where to start.
+### UNITED STATES
+
+* **Futures** are down this morning in the US and global stocks are falling as well
+* Budget discussions took a sharp turn and it now looks like the government will indeed shutdown tomorrow unless $5bn are allocated to build a border wall
+* Data from the *Philly Fed* shows regional **manufacturing** **activity** **slowing** and "hours worked" reversing course to 2016 levels
+   * **New Orders** and **Expected Investments** are holding steady though 
+
+### OTHER
+
+* The Bank of England reduced Q4 growth forecasts from 0.3% to 0.2% for the **British economy** 
+* **UK Retail Sales** came in strong (Expected 2.3% | Actual 3.8%)
+* A court in **Germany** is making **Apple** stop selling certain iPhones after finding that they **infringed on Qualcomm** patents 
+* **Oil** continues to get battered with the price of **Brent** **Crude** falling below $55/barrel 
+* The Malaysian government wants $7.2bn from **Goldman** **Sachs** for their involvment in the **1MDB** corruption scandal
+* **Carlos Ghosn** was rearrested amid suspicion that he shifted $16 million in personal losses to **Nissan** 
+
+### CHINA
+
+* The gap between Chinese stock underperformance and US stocks is narrowing 
+   * US stocks have underperformed Chinese shares since the end of October 
+* [The South China Morning Post is bullish on American stocks ](https://www.scmp.com/comment/insight-opinion/article/2178855/why-federal-reserve-rate-hikes-and-us-market-fundamentals)
+* Charges have been filed by the US against two Chinese citizens for their role in a campaign to steal information from US businesses and the government 
+
+*\*This will be my last time reading the news for you until Dec. 27 - Happy Holidays* 🎅
+Wealthy suburban neighborhoods often have many second-hand stores that have really really nice things. Unlike in poorer areas, people give away brand new clothes, toys, and really good furniture. Not only that, but prices can be *lower* than in other thrift stores, especially on sale days. 
+
+The drawback is that many of these areas aren’t very public-transport accessible.
+
+If you know your collectibles, you can also buy stuff cheap to resell on the internet. 
+Whenever I watch the news, they use the Dow 30 as "the market". For example, they would say the market is down a certain amount of points when only the Dow is.
+
+And now apparently with Apple's stock split, there will be less weight of Apple in the Dow? So less Apple (probably their best performer). This makes no sense to me, but apparently that's how the Dow works.
+
+I don't know anybody personally who invests in ETFs/Indexes that track the Dow. But they do get decent volume.
+
+To me, I feel the Dow is like my grand dad's stocks. There are some good names, but it's mostly old names. I usually only use it as a reference to see how the old American companies are doing. 
+
+Lot of them pay good dividends. So I will give them that. And it's only 30 stocks and I think all of them will still be around 50 years from now.
+BCG has been like a 5-7 day internal shit-flinging contest, for anyone paying attention.
+
+Some of us are trying to build connections. Unfortunately, when it starts to go out further than a few degrees of separation, (and unfortunately the WEF showed up speculatively \[did it get confirmed?\]) then we've got 50% of our own conspiracy theorist population here screaming at the other 50%, that they've "gone too far"... and it's going to devolve into "l1zard people talk, Q@non, alexj0nes, etc", and make us look even more tarded in the public image.
+
+And so why should that be an issue anyway? Was it an issue to any of you in Jan/Feb 2021 (or for all of 2021 really), when W5B/Badonkastonk was screaming conspiracy, and Cokerat was going "neener neener neener"?
+
+Why should it be an issue now? Ryan Cohen gave beginning intel to the Ape Intelligence Agency, and sparked the chase. Now everyone is shaking and biting their fingernails because BCG may lead to strange connections, and cause greater America to think we're even more retarded.
+
+None of us cared about public opinion in 2021. What has changed in 2022?
+
+\-----
+
+**EDIT, 1 HOUR IN: You know, I have been watching this since it went up. For the first 30 minutes, my Upvote Rate was near 60% (that's pretty shit). Now it is at 91%, with 350 Ups. (Not bad for 1 hour). Even if some "true" apes were down-voting my post, as their statement of disagreement, it would likely be ranged in the 80s. NEVER have I had in the 60%s, even on the dumbest of dumbass posts that I've sent up. That 60% tells me that there are most definitely dirty players at work on SuperStonk, that are aggressively down-voting any/certain new posts...** 
+
+**You bastards.**
+Thats it.  Don't give up.  Be very critical of yourself.  Learn the mental game.  Experiment with new trading styles with paper trading.  Don't be in a rush to make thousands as ill trade until I die.  Missing a few trades is no big deal.
+Was watching a “Chat With Traders” podcast on Risk Management and saw the following comment:
+
+“Pick two random indicators, one for entry and one for exit. Have a concrete risk management strategy and it’s almost impossible to not break even”. 
+
+Do you agree or disagree with that notion? I feel like I’ve wasted so much time early in my trading on trying to perfect indicators or find the best entry scenarios and that, in retrospect, had I just stuck to one or two basic indicators and just been militant about risk management, I would’ve done just as fine if not better. 
+
+Curious to see whether you guys agree with that approach.
+I've been keeping an eye on cannabis for a while now, ever since congress made rumblings about legalization. I even posted a DD about it.
+
+But the *week* WSB starts to really invest in it, there's a [news article](https://www.reuters.com/article/canada-stocks/canada-stocks-tsx-drops-at-open-as-cannabis-stocks-fall-idUSL4N2KH2HM) released and suddenly a huge number of the stocks crater.
+
+Is there going to be a short-sell every time we might cause a rally? If that's the truth, then what's the point? Will WSB just become a new canary in the coal mine, used by brokerage houses to show when a sector or security on the rise and ripe for undermining?
+
+Will WSB every bounce back from this?
+Ok, here comes a chapter right out of David Epstein's Range.  Buckle up, you're in for a few bumps.
+
+I spent all of my twenties trying to make it as a musician.  I did not have the talent to do it but I tried.  I really went at this like a business, learned a lot about myself and the world.  At 28 I hung it up, I went back to school and got a master's in CS.
+
+At 30 I got my first job and now at 39, I'm a director at a tier 2 tech company making around 500k (variable due to stock).  This was not a straight path, I tried sales engineering, startups, IC and management roles.  I am a solid communicator and feel very comfortable in internal or external settings.  I'm at this level because of those skills.  I think VP is realistic but not sure past that, those comps are 750-1.5m.
+
+We moved to a great neighborhood because of my income and became friends with a neighbor, let's call him Ted.  Ted is FI but not RE.  He runs a large operation, mainly commercial construction and wants to fully retire now at 57.  He has 5+ houses, all 2-6m and beyond, pays cash - old school zero debt kinda guy.  We talk all the time and he really has joined our circle, especially getting to know us and our kids.  
+
+This past weekend he asked if I was at all interested in coming in as a partner and if it worked out, an ownership transfer of his company. Neither of his kids want it and he's not sure a straight sale is what he wants. Terms were not specific, it was more a hey I really like you and your family and I think you would do great in this role.  Last year his gross revenue was 27m, netted 7m.  
+
+On the other side, I've committed myself to the corporate ladder in an effort to get to fatfire so I can eventually start my own company or go back into music.  We have a 1.5m net worth, thinking we need 6-7m to walk away from working.
+
+This offer is out of left field and I responded to him saying I would need so much help in those first few years.  He didn't bat and eye and said he expected to be there to help me.  That told me he's been thinking about this offer to me for sometime.  I don't think this is a handout and I know this is his baby.  
+
+What in the world do I need to be thinking about and more importantly who do I need to talk to about this?  I'm happy to hire whomever.
+Ok, I'm sick and tired of seeing all this loss porn of people who were up by what to any average human would be a LIFE CHANGING amount of money, I'm talking 10k, 20k, 30k, even 100 or 200k, and then they lose it all.
+
+Stop getting fucking greedy and WITHDRAW! 
+
+Get it through your head, if you went up that high once, chances are you can do it again, but you'll probably lose a lot along the way, so would you rather lose 5k of 50k, or 50k having started with 5k? Withdraw your gains!!!!!
+
+Buy a house or a car or give your mom some money or buy your wife's boyfriend a nice big cockring for when he's doing loud yoga with her in your bed. 
+
+This shit will fuck you up. If you make 40 or 50k a year from your job, making 10 or 20k will change your fucking life, but equally losing 20k when you could have changed your life? Devastating. Life shattering. 
+
+I say this because I've withdrawn over 30k from RH, but this week I made 10k and then proceeded to lose about 20k, likely with more losses to come at open. But you know what? I can never lose the money that I FUCKING TOOK OUT and my All Time will NEVER show me negative.
+
+Withdraw your fucking gains, bois, pigs get slaughtered!
+Hey guys, I am a 19 year old who got into investing about 8 months ago when some stocks were really low. I really don’t know much on investments besides regularly investing in VOO. I want to create a strategy to put my money into almost all monthly dividend stocks and use that passive income to buy more S&P 500. I’m a very busy guy so I don’t want to learn to pick individual growth stocks just yet, and want something easy and simple. Is this strategy a bad idea? Any higher (safe) dividends recommended for my portfolio? Once again, I am new and know the basics but that is about all. Thanks!!
+I have struggled with alcohol for decades. I used it as a coping mechanism for PTSD, chronic debilitating fibromyalgia and insomnia. 
+
+Just before Covid, I made the decision to dig deep and go sober from alcohol. I dabble with weed but purely medicinal, not self destructive or to escape. 
+
+I was already invested in GME but after learning about the epic tomfoolery from this wonderful sub, I went balls deep into a mayo jar. When I used to drink, multiple times a week, I was a scotch man....a high end lover of the good shit. 
+
+So every time I had a hankering, I'd take the value of what I would have bought in booze and put it into CS. Every two weeks, I would convert my health victories into GME shares.  When I was victorious during really bad weeks, I would triple dip with CS and other brokers. Then transfer them all into CS. Every time I see my CS balance, I realize how far I've come and more importantly where I am headed!
+
+I have learned, laughed and equipped myself with critical thinking skills unlearnable anywhere else but this sub. 
+
+Purple has always been my favorite color. I guess it was fate. Much like how MOASS is destiny. 
+
+This is not financial advice. Just didn't know where else to share my journey. Hope you are doing great today. If you are having a bad day, remember that you are awesome, you are doing your best and focus on getting through the next hour.
+
+Note:
+If you drink and smoke, this is no judgement. I have a "thinking" problem and can't trust myself around those substances.
+
+Edit: thank you for taking time out of your busy days to read and respond to my post. I have never spoken about my struggles and am overwhelmed by the positive supportive responses.
+
+Edit2: someone stated this post has nothing to do with the sub. This is my response to justify why I believe my post belongs here: 
+
+"This post has everything to do with this sub. Many folks struggle with serious challenges. I chose to transform a personal struggle directly into supporting my favorite stonk. 
+
+I had debated to post this at all, but given the responses, I'm glad I did.  It's not airing out dirty laundry, it was meant to help other folks struggling with similar challenges.
+
+Most folks don't consciously choose addiction, heck, I'd be surprised to meet anyone that chooses addiction, poor health and chronic depression. In my case, I was already starting in a position that was "less than."  
+
+If I could go back in time, I would have been far more strict about my choices. 
+
+As far as "doesn't belong in this sub". I read your comment and started giggling as I could only think about a dude putting a banana up his ass. 
+
+Have a great day.
+
+💜"
+[Previous thread here](https://www.reddit.com/r/personalfinance/comments/5f0vn3/sprint_is_holding_my_credit_hostage_over_their/)
+
+TLDR: Sprint refused to recognize that I had returned my phone after cancelling my policy and was sending me to collections despite the fact that I had receipts proving I returned the phone.
+
+Resolution: I contacted the Sprint CEO on linkedin and he had someone call me first thing in the morning, they fixed my issue within 5 minutes. Nothing aside from contacting the CEO directly did anything. I posted on their FB, chatted with them on FB, called in many times and went to my local store. If you need anything done seems you have to skip to the top. I'm very impressed that the CEO replied personally and fixed the issue though, kudos to him, shame the customer service reps don't share his sense of ownership.
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+
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+
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+
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+
+💬 Discord: [https://discord.gg/vEyHEN6v](https://discord.gg/vEyHEN6v)
+Hi! I watch a lot of real estate investing videos on YouTube and I watch alot of bigger pockets.. I feel like there’s a lot of really good advice on there but does anyone else feel like they reach a little and make it sound a lot easier than it is to just purchase properties and flip them using a heloc or house hacking for example? Any other good real estate investing channels to watch on YouTube? Plan on purchasing my first property soon and trying to be as enlightened on the subject as possible before I pull any triggers.
+If someone wanted to start a real estate fund,
+
+By raising private capital and investing in properties by utilizing that capital
+
+Where should they start?
+
+What resources would you recommend?
+
+Any pitfalls or advice?
+
+
+Thank you.
+
+
+
+
+
+*Half of the comments below are criticizing me for asking questions about something I don’t know. 
+
+That’s why I’m asking questions.
+**Preface:** I've made this post in /r/CryptoCurrency and will sprinkle it around as many places as I can to be as visible as possible. With more people entering the crypto space every day I have a responsibility to not be too quiet about it. My whole journey started on reddit, so please do me a favour and read it if for nothing else than to just educate yourself.
+
+Please be polite because this is brand new, and I'm still dealing with it.
+
+\------
+
+So, fanciful title aside, I don't really have much of an agenda going into this other than writing down the experience I've had over the last few weeks in one take and hoping it has the impact that I'm aiming it to. For me, this is some level of catharsis because I'm still dealing with my distorted sense of self - and journaling it, even in these first few sentences, is the calm my mind has needed for a while, if for nothing else just to heal.
+
+^(TL;DR - Bought crypto, made gains, moved to Binance, found futures - fucked mine.)
+
+**A note**:  
+Crypto is not foreign to me. While I may have been a new entrant in the 2021 market, I'm a software engineer by trade and have been aware of it since the very early days of Bitcoin. My first buy-in was back in 2017, and we all know how that went, so I've been nothing but cautious ever since. I knew the risks, I never put in more than I could afford, and I knew that if I just kept holding, it would usually (not always) come back around. None of these points were lost on me.
+
+**If you have had any previous trouble with addictions, even something as small as food, cigarettes, or alcohol, please read my story and take this as an extremely important lesson. I'll survive this, but I'm absolutely certain there's plenty more who can't, or won't, especially coming into a bullish alt season. If this post has any goal, it's to minimise the possibility of that happening, and keep any losses contained to a balance sheet.**
+
+*If you are an influencer or celebrity of any type, please make it very clear that when you're promoting cryptocurrency as an investment, there is quite a real possibility that people can slide into trading and by extension gambling. Some will lose their money, some will lose their sense of self, others will lose their lives. You have a responsibility to inform people of these risks when promoting them.*
+
+*I know that Elon frequents reddit, so please, just, take heed of this and don't let anyone find themselves where I did. Be more candid, it could make all of the difference.*
+
+# Me, a brief history
+
+As stated, I'm a software engineer in his 30's that's worked hard to make sure I pulled myself out of a crappy childhood into the kind of life that I wished I was a part of when I was younger. I've got a house, a couple of kids, a wife, a dog - just all the trimmings that give you that general sense of completeness.
+
+That doesn't mean I'm not without my flaws. For as long as I can remember I've battled an addictive personality on account of ADHD and other issues caused by a wide array of formative experiences. Alcohol, cigarettes, (soft) drugs, gambling, food, romantic escapades, and other thrill seeking behaviour was an every day occurrence for me when younger, ultimately causing me more harm than good.
+
+Since those days I've worked very hard to shut off that part of my life - seeking treatment and overcoming it. This is important to note, because I'm completely aware of the dangers associated with any of these behaviours, and I steer clear of any situation that may present itself that will push me back in front of that metaphoric freight train.
+
+# Enter, 2021
+
+I've had a decent 2020. Things went pretty bad during the first half, but I was able to really grind through the second half of the year and make sure that things were back on track and everyone in my life was looked after. I entered 2021 with a renewed sense of optimism and a great situation behind me, I'd really set the bar pretty high for what was to come, and there was no way I was going to let anything stand in my way.
+
+In the midst of all of this, I'm a redditor. Have been for near-on a decade now (I change accounts frequently), and I like to spend a little (lot) of each day scrolling through and catching up on what's happening in the world, what's funny, and just engage in a bit of conversation or crack a few jokes.
+
+So a few weeks ago we're all aware that WSB hit all time popularity due to the GME saga. It was thrilling, it was sticking it to wall street, it was everything that you love to see on the internet and a movement you could absolutely be a part of. Because of that, I bought my tickets - a couple of shares in GME. The excitement was off the charts, and I ultimately lost about a thousand bucks, but it was absolutely worth the price of admission. I feel like I'd made an actual impact and done something useful.
+
+Off the back of that movement (I'm sure you already know where I'm going with this), Dogecoin was propelled back into the spotlight and I thought yeah, you know what, Elon is talking about it, everyone's hyped about it, I'll YOLO a bit of money at it and see how it goes. At worst I have a bag of Doge, right? I can still use it, it's another little bit of fun to be had, and it'll scratch that crypto itch that I've been ignoring since the ring sting of 2017. Only this time I wont be making the same mistakes, or so I thought.
+
+# Gains gains gains!
+
+So, Doge went nuts. I made about 3-4x what I initially threw in and once it started to stagnate I liquidated my position (only about 1.5x by that point) back into cash and thought okay, I've got some money in my wallet and a crypto journey I want to start. Let's get into it. So I did my research, found a few coins that I thought were really promising, and started buying them up.
+
+Problem is, a lot of the coins I wanted to purchase weren't available on the exchange that I was using. So with a bit of googling I found that Binance was likely the best place for me to be able to buy the coins that I'd decided I was going to put my money into. I signed up, transferred my funds, and started figuring out the interface. Being in the industry I love to poke around and see what it's made of, which is when I made the one discovery I'll live to regret: *futures trading*.
+
+You see, for the uninitiated: futures trading is gambling. There's no real other way to cut it, but it's gambling. You're risking what you have by borrowing what you don't in the pursuit of earning a multiplier rather than just purchasing an asset, so the risk is off the charts. Being that I'd had no stock market experience and had no idea what it was, I thought it really was just a neat trading tool. I had a play around with it and instantly I was hooked. I had no idea how anybody could lose using this. It made me feel like the most badass trader around - sitting in front of my high-tech console with all my graphs, making longs and shorts, green indicators everywhere, it was an absolute wonder.
+
+# Knowing the market, trusting what you see
+
+This was mistake #2. This sub, a few other subs, and social media are absolutely flooded with gains porn, advice on the market, information on what to invest in, and when to invest it. A lot of it is super helpful advice and if you're well versed in the internet it's easy enough to filter out the shills and make your own decision after researching what you've read.
+
+Problem is that I had no idea the market conditions and how that can really influence your investment, especially if futures trading. I knew that there could be a bullish or bearish market, what each of those things meant, and I knew that it would go up and down, so look out for certain things on graphs and other indicators.
+
+One thing I didn't know much about is liquidation prices, margins, and how much things could go south by something as small as BTC rallying (turns out alts get hit pretty hard), new money flooding the market, whales putting up price walls and manipulating buys/sells, and just how fast all of those things could destroy my position.
+
+# The loss of it all
+
+When you get addicted to something, all of the dopamine in your brain is telling you to do it again, do it more, take more risk, and everything else that you know not to be true - it's just true in that moment. Because the market was doing so well I was duped into thinking that *I* was doing well, that *I* was some masterful trader and had it all figured out, and I started to increase those positions and decrease margins, because the gains were even bigger that way. By this point, I had enough balance to cover what I put into coins originally + what I wasted on the WSB fiasco. That was absolutely perfect and I was going to take it out and put it back in the family bank, but I wanted to make another trade, just *one* more. This coin I'm confident about is breaking out and I want to at least walk away with some profit after all was said and done.
+
+Well, that was the moment I learned that things can take a turn very quickly, and a liquidation event won't just ***reduce*** your position, it will completely wipe anything you have left + the margins. I locked my phone, attended to something around the house, opened my phone to look again, and there it was:
+
+Nothing.
+
+No trade, no balance, just nothing. The price had dipped below the liquidation point and unbeknownst to me it was all over just like that. Now, just like I said before, I never risked or put in what I couldn't afford to lose, and it was a completely avoidable mistake had I known more about it, but that's where things really started to fuck me up.
+
+# How could I have been so stupid?
+
+This is where it starts to take a turn, because it really starts to play on your sense of self when you make a mistake that big due to not knowing. Losing it all on a big gamble, taking a known risk, any of those things - you can handle the loss. You were prepared for it, you set yourself up for it, you made that conscious choice to put yourself out there in that way and you didn't win. It sucks, but that's okay, you can handle it.
+
+This move wasn't that. This move was a complete and utter fuck up due to my lack of knowledge and understanding. Accidentally finding myself gambling and being unaware of it was bad enough, but losing it all like that so suddenly when I planned to dip out of the position if it went too poorly really shook me to the core. I had *plans* for that money, I was going to *do* things with that money. These are just some of thoughts that start swirling through your mind in the moment and you feel like you've deprived yourself and the people around you of that opportunity by being an idiot. But it's okay, you're not an idiot, you just made a mistake.
+
+# Let's add more money, make it all back
+
+This is the point that I was in too deep but had no idea. By this point, about a week in, trading had completely consumed me and my days/nights/interactions with family, my relationship with friends was thinned, I was irritable, I was distracted, I was always watching the market. I wasn't sleeping, I wasn't eating well, all I could watch and feel were my trades. I had to baby them, otherwise they wouldn't work. I was obsessive over all my moves, all of my positions, all of my research - the works.
+
+Only to me it had happened so gradually that I didn't even recognise that I was all the way down that hole. I didn't realise how consumed I'd become or how bad things had gotten because I'd just slowly and willingly walked into it all thinking it was completely innocent when it was anything but, so when I got to the point of losing that chunk of money, I thought I'd just made a minor mistake and because my trades were already so good, and I could make that back in a second.
+
+So, stupidly and regretfully, I pulled a large sum of money out of my credit card and slapped it into my wallet. I was going to make back what I lost, make up for my stupid mistake, take it all out, and call it a day. I'd flown too close to the flames and I just wanted to make my exit quietly and gracefully, pretend it never happened and move on.
+
+But it didn't happen like that.
+
+# The final moments
+
+In order to make back what I'd lost, I retook the same position that I'd lost on in the first place. I thought it was a winning position, and honestly in the long run it really is. If I had more money, more time, and more knowledge, it would have - but I didn't have any of those things. I put the money right back in to where I made the mistake, vowing not to make it again now that I was armed with the knowledge of what to do, and started again.
+
+So earlier in the story I talked about BTC rallying and alts dropping rapidly, then whales smelling blood in the water and forcing others to panic sell / trigger stop losses / trigger liquidations, then gobbling up all that remains on the cheap. This is the point in my story where I learned all of those things happen. In order to prevent bleeding out and dying entirely I had to keep reducing my position when possible, and topping up my margin. It went lower, so I had to weather it. I was too deep to sell my position and take the loss, I just had to make sure I didn't bleed out - it was going to swing back up, right? It always has.
+
+That's where I was wrong. It didn't. Every time it went lower I had to sell off a portion and bolster my margins. I lost more, and more, and more, until eventually I had 1/4 of what I had left. At this point I was in too deep, so I vowed again to learn my mistakes, and use this money to slowly and incrementally make back what I'd lost that time.
+
+But the market got worse, and I was caught completely unaware in a storm that I couldn't even comprehend. I was a man in a tin boat in the middle of a tsunami. It was all lost. That was it, it was over.
+
+Once all was said and done, I'd lost around $20,000 USD.
+
+# The mind is more important than the pocket
+
+This is I guess where I get to the core message, and the lesson that I want people to learn from where I'm sitting.
+
+First of all, losing money is bad no matter how you cut it. Some people will go into this investing way more than they can afford to lose, and some people will keep it small. Some people, like me, will small but end up losing way more than they need to. It will take a while for me to recover, but it won't ruin my life. Either way, it's a very hard lesson to learn just on that front.
+
+Secondly is your sense of self, sanity, and reality. Now to me this is the absolute most important lesson to learn of them all. You can very easily find yourself down the rabbit hole and not even know you're there, just as I did. You can be in too deep, destroying your bank balance and everyone around you, and justify it because you've so gradually moved into it that it's all part of your plan. Sort of like the frogs in a boiling pot analogy. By the time you've noticed it's always going to be way too late, and by that point the damage is near irreparable.
+
+# Where I'm at, and the future
+
+For me this only ended within the last few days, so I'm still processing how I even found myself here, and how to move forwards. Writing this out is helpful because it's allowing me to process and learn from my own mistakes as I go along.
+
+Ultimately I've cost my family a lot of money, I've cost myself some opportunities both cash-wise and coin-wise (I have a grand total of zero of the coins that I planned to keep as investments), and I'm dealing with some existential problems that have shaken me so horribly I'm in the middle of a mental breakdown. Don't get me wrong, I'm writing this all very logically and reasonably, but the amount that I'm struggling to comprehend how I ended up here, and the sheer scale of loss, is just making my question my entire self right to the core.
+
+But that's the lesson I want people to learn. It doesn't matter so much about the money, the opportunity, or anything else that you may lose if you find yourself on the losing side of a bad situation. It's about the mental toll and how you'll react to that, how you'll see yourself, how you'll see the world around you and the pain you'll have to go through as a result of it.
+
+I'll heal. Slowly. Time will get me there, but as a part of that I want to try and limit anyone else entering this market afresh from making the same mistakes that I did. Part of that is telling my story, and the other part is hoping that we can make people more aware that futures/margin trading is gambling. If you have an addictive personality, stay away from it. If you're encouraging people to get into crypto, make sure it's known.
+
+If I'd have known, maybe I'd be having a different time right now. But, honestly, it's hell. Through the tears, self-berating, and intrusive harmful thoughts, I just wish I could have picked it. I've been through it all before and I can avoid these situations pretty successfully, and yet it *still* caught me with my pants down. That's something that's hard to accept no matter who you are.
+
+It can happen to you, too. No matter how smart you are, no matter what you've been through, and no matter what you know.
+
+Just, don't be me. It'll torture you forever. If nothing else let me take that one for the team.
+
+Questions are welcome. Take care out there.
+Title says it all - this is bullish as fuck. I cannot wait until the numbers from the vote are released, hedgies r fuk. 
+
+https://whalewisdom.com/stock/gme
+
+The only way I saw GME not moass’ing was blackrock and the friendly whales cashing out... turns out it’s the opposite. I can only imagine how mad this makes Ken and co... Vanguard didn’t even de risk during the first squeeze!
+
+Edit: As /u/rowr and other posts are showing this looks to be directly tied to ETFs so not an indication on the sentiment of Vanguard as a firm. Sorry for the confusion, I humbly remove any wrinkle I thought I had 💎🤲
+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?
+
+​
+
+Thanks :)
+Your markets are run by bots. Now your daily threads are too.
+
+​
+
+This thread is for plans and thoughts prior to the market open period.
+
+Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+​
+
+Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share).
+
+​
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u).
+Your markets are run by bots. Now your /r/Asx_bets daily threads are too.
+
+Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) 
+
+Automoderator may provide "Guidance" for Lazy and zero effort posting.
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH)
+Your markets are run by bots. Now your daily threads are too.
+
+​
+
+This thread is for plans and thoughts prior to the market open period.
+
+Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+​
+
+Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share).
+
+​
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH).
+Your markets are run by bots. Now your /r/Asx_bets daily threads are too.
+
+Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) 
+
+Automoderator may provide "Guidance" for Lazy and zero effort posting.
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH)
+Your markets are run by bots. Now your /r/Asx_bets daily threads are too.
+
+Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) 
+
+Automoderator may provide "Guidance" for Lazy and zero effort posting.
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH)
+Your markets are run by bots. Now your daily threads are too.
+
+​
+
+This thread is for plans and thoughts prior to the market open period.
+
+Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+​
+
+Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share).
+
+​
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH).
+Your markets are run by bots. Now your /r/Asx_bets daily threads are too.
+
+Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) 
+
+Automoderator may provide "Guidance" for Lazy and zero effort posting.
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH)
+[Video!](http://youtu.be/y-1Gh4ewklY)
+
+Introduction to what a mortgage is, how payments are calculated, interest, and a little about how having a mortgage can affect taxes.
+So to keep things short and simple. The only education i have is my G.E.D so my jobs are always typically in warehouse or construction with the pay being usually about $10-$12 per hour, 40 hours a week. My gf works on and off retail usually averaging about $8 per hour and 35 hours a week. Where we are now the bills and rent are about $750 a month.
+
+The question i have is, is if we put our minds to it and budget and save like crazy. Could we afford like a 50-100k house? Even with interest rates and what not? Or would i have to try to get an education and get some job that pays salary?
+
+EDIT:
+
+Also forgot to mention i have zero credit that I’m starting off with so i have a clean slate to build up some good credit. I’m 20 y/o.
+I really need help managing with my finances and would appreciate any advice. I don’t fully understand how to invest and whenever I do research I just have more and more questions - I am putting my money in places but I don’t know if they are the best places. I want to save for a house as that is a priority, so I’m not sure how to disperse my money to my debt while doing so. What would you do in my situation? 
+
+Here is the breakdown of my financial situation: 
+
+I make $3,125.68 monthly (at minimum, sometimes a little more if I pick up some extra work) 
+
+I have $10,000 in a high interest savings account with ally. 
+
+I have $1,944.19 in credit card debt.
+
+I have $126,733.80 in student loans. 
+
+I have a Roth IRA betterment account with a $4,643.51 balance. 
+
+My fixed monthly expense is: 
+
+$901.83 for rent  
+$127 for transportation 
+$100 for dog food, general expenses 
+
+Other monthly expenses: 
+ ~$500 on misc. 
+~ $200 on Credit card 
+~200 on Roth 
+
+I am not paying my student loans right now. 
+
+My main goal:
+
+1. I want to purchase a house with land and work from home. The kind of work I want to do requires land so this is really important to me.
+
+2. Figure out a balance that allows me to cut down my debt but still save for my future. 
+
+So…what would you do?
+thetagang I am not a big fan of selling puts, and I have been consistently profitable selling covered calls, but would like to know some golden rules from successful traders running the wheel. I’d like to learn about best practices, etc and best ways to manage risk
+I got an email about a $200 debt from a collection company. I called and they said I made a transfer of that amount in November of last year, but that account had been closed since February. I asked them to send me proof, and they sent me a letter stating that my balance wasn't paid in full. I called today to again request proof of the debt, and he said since it's such a small amount they'll just drop the whole thing and won't report anything to the credit bureaus. I did research the company and they're legit, and I legitimately didn't owe the money, but it's always a good idea to make collections companies send proof before paying them.
+> Billionaire Leon Cooperman on Monday said that the emergence of individual investors eagerly scooping up stocks that have been rocked amid the coronavirus-induced downturn will ultimately not end well for those individual investors.
+
+> The ‘Robinhood markets are going to end in tears,” said Cooperman during CNBC’s show “Halftime Report” on Monday, referring to the popular online trading platform.
+
+> Cooperman referred to a Barron’s article that noted that free trading app Robinhood has added more than three million accounts this year, and now has over 13 million, with a median age of 31.
+
+> Thus far, mom-and-pop investors have outperformed pros like Cooperman and mutual funds, according to a research report from Goldman Sachs. It’s unclear, however, how long that outperformance will last and to the degree by which individual investors are piling into risky investments with reckless abandonment.
+
+> “Let them buy and trade. From my experience, this kind of stuff will end in tears,” Cooperman told CNBC.
+
+https://www.marketwatch.com/story/the-rise-of-a-mom-and-pop-investors-in-the-stock-market-will-end-in-tears-warns-billionaire-cooperman-2020-06-15
+
+It seems to me Cooperman is just pissed that the Robinhood app and friends are making the stock market easily available to all armchair traders and that these folks are bringing a new layer of unpredictability into the game.
+
+What do you think ?
+Guten Tag to this global band of Apes! 👋🦍
+
+###DST has ended in Germany, so until the US also adjusts this thread will begin an hour later than usual and only update for one hour before US premarket.
+
+While yesterday's normal market action was another in a string of great days, it was the after-hours action that *really* jacked some tits. It seems that BBBY taking an aggressive stance toward the abusive short institutions caused a massive jump in share value, dragging all of the other 'basket' stocks up with BBBY. This further validates the Basket Theory, wherein the short positions are lumped together. Since BBBY is spiking, the demand spills over to other basket contents.
+
+This wasn't even the big news we were expecting this week! There are multiple signs that GameStop is going to announce something big, and if true it is going to be an extremely heavy blow to an already staggering opponent. GME has a far larger short position than BBBY, and Apes have been DRSing shares, and HODLing with Diamantenhände. The anticipated NFT news is plenty to set it off, but I just realized that GameStop knows *exactly* how many shares aren't yet held at ComputerShare, and could land a fatal blow simply by enacting a share buyback of that total. Friends, I could not be more jacked to see how the German markets lead us into US premarket!
+
+Today is Wednesday, November 3rd, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets!
+
+###🚀 Buckle Up! 🚀
+***
+
+
+- 🟩 60 minutes in: **$217.48 / 187,44 €**  *(volume: 1018)*
+- 🟥 55 minutes in: $217.43 / 187,39 €  *(volume: 908)*
+- ⬜ 50 minutes in: $217.53 / 187,48 €  *(volume: 848)*
+- ⬜ 45 minutes in: $217.53 / 187,48 €  *(volume: 842)*
+- 🟥 40 minutes in: $217.53 / 187,48 €  *(volume: 831)*
+- 🟥 35 minutes in: $217.60 / 187,54 €  *(volume: 753)*
+- 🟩 30 minutes in: $217.92 / 187,81 €  *(volume: 677)*
+- 🟥 25 minutes in: $217.83 / 187,74 €  *(volume: 649)*
+- ⬜ 20 minutes in: $217.93 / 187,82 €  *(volume: 627)*
+- 🟩 15 minutes in: $217.93 / 187,82 €  *(volume: 579)*
+- 🟥 10 minutes in: $217.89 / 187,79 €  *(volume: 565)*
+- 🟥 5 minutes in: $220.49 / 190,03 €  *(volume: 289)*
+- 🟩 0 minutes in: $220.96 / 190,44 €  *(volume: 185)*
+- 🟩 US close price: $206.99 / 178,39 €   *($219.00 / 188,74 € after-hours)*
+
+
+***
+FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1603. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099)
+
+Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME!
+How much is required to learn about mutual funds for a normal salaried person?
+
+For a person who is working in IT and is salaried. Take for example his salary is around 6 lakhs per annum. He is only coming to mutual funds because of high returns than FD in the long term(10-15 yrs)
+
+So how can such a person decide the knowledge that is enough for investing. There are so many funds. Every second person gives a different fund recommendation.
+Recently a lot of platforms have come up which help resident Indians invest in US stocks. I know of Vested/Winvesta/Stockal who specifically deal in US stocks. There are others, Kuvera, Zerodha, HDFC Securities, ICICI etc who either work with one of the three (Vested/Winvesta/Stockal) or have their own separate platforms. 
+
+I've read reviews about Vested (a few months ago) here before and they were largely negative. My question is, have these platforms improved? Is there a platform which is a clear winner in terms of transparency, customer service and costs? Are there any other ones apart from the ones I've mentioned?
+Reading in the paper that house prices have gone up 10% over the past year. Interest rates have also shot up and it now hard to get any mortgage below 3%. 
+
+How are people able to afford the higher rates and repayments. Are people stretching themselves to get onto the ladder, if so will we see repossessions this time next year.
+Figured this’d be a good place to celebrate a bit without being too gauche - won the startup lottery, IPO lockup ended a while back and I’m finally in the process of FIREing.  Just handed in my resignation, got about a month of office chores to take care of before I peace out.
+
+My situation: 33, married, two young kids, HCOL.  PhD, then did R&D in biotech.  Wrote a bunch of patents and kept asking for more stock in lieu of cash.
+
+Assets: $680 house paid off, $250 401(k), $600 company stock as FOMO insurance, $1,600 in taxable brokerage. 
+
+Annual spend about 100k on top of paid-off house (which seems ridiculously luxurious since we both grew up poor)
+
+Wife will keep working for ~200 W2 because she’s just like that, which will fully cover our expenses. Should be able to join me in 10-15 years unless the market gets really bad.
+
+Plan: hit the gym a lot more, drink a lot less, spend a lot more time with the kids while they’re still young.   Going to make a toy LLC and do indie game development 20-30 hrs/week so I can keep programming for fun.
+
+Thanks for being such a great community - FatFIRE has been a fantastic source of advice from like-minded people as I’ve been navigating this decision.
+
+Finally, a question: FIREd folks, once you got over the decompression period, how much did you end up doing the whole ‘enjoying a life of luxury’ thing vs. getting itchy feet and quickly diving into something again?  I’m going to give myself a few months to see if I want to work hard (but not for money and with no boss), or really just relax and enjoy myself, and I’d be happy to hear people’s perspectives from the other side.
+After [my post yesterday](https://www.reddit.com/r/Superstonk/comments/r6m0rm/not_a_single_gamestop_insider_has_sold_a_share/) and [my other post the day before](https://www.reddit.com/r/Superstonk/comments/r61hzq/thanks_fidelity_for_inspiring_me_to_drs_100_of_my/) I was messaged by someone who wanted to give me money "to remove \[my\] posts in SuperStonk and refrain from posting there in future" because he's trying to "shift the current sentiment on Reddit in regards to GME."
+
+​
+
+[I'm not your bud, pal](https://preview.redd.it/xcft7yrvy5381.png?width=1283&format=png&auto=webp&s=9f24ae5d10a986585fb0c11fa41d2c3e13fb0ddc)
+
+​
+
+At first, I thought this was a bad comedy joke. I mean look at the subject: "Hey Bud"
+
+Kind of an unsophisticated approach, don't you think?
+
+Sadly, he stop replying after this, which was a bummer because I was just about to invite him to my birthday party BUT then things got even more interesting...
+
+After looking into this person's post & comment history, I can see he's a shilling publicly as well, but the weird part is it still looks like a personal account even though they're approaching me on behalf of their company. Why wouldn't the PR Agency have its own username? Why are they hiding behind someone's personal account?
+
+That's when I went to [their website to see if they had any job postings](https://greentarget.com/careers/internships/) for social media interns, but you have to email them to apply.
+
+Then I went to their [About Us](https://greentarget.com/about-us/meet-the-team/) section where something caught my eye...
+
+​
+
+https://preview.redd.it/xjog8dvzy5381.png?width=1284&format=png&auto=webp&s=8ee6fc3c970cf139ba430d3ebf4813dc1cae1d99
+
+Greentarget's Executive Vice President, Laura Miller, runs the Chicago office and is a member of the Economic Club of Chicago. Why does that sound so familiar?
+
+​
+
+​
+
+https://preview.redd.it/krubnht3z5381.png?width=1284&format=png&auto=webp&s=69e2d2694097b16c99a5db2a5dd289ae749022cc
+
+Oh yeah! Ken Griffin gave a speech recently at the Economic Club of Chicago and [it seemed like there was a prerecorded applause track](https://www.reddit.com/r/Superstonk/comments/q1c7q2/ummmmmmmm_is_that_an_applause_track_they_just/).
+
+[Here's another version](https://youtu.be/7V-a3aoO0Mo?t=80) if you need additional verification.
+
+And here's a fun fact! [If you go to the Economic Club of Chicago's official YouTube video, it appears they cut that part out](https://www.youtube.com/watch?v=dFE3X9qjWd0&t=266s) and disabled comments.
+
+​
+
+Could this just be a coincidence?
+
+Absolutely.
+
+Is there more evidence connecting Greentarget and Citadel?
+
+Absolutely.
+
+​
+
+[citadel@greentarget.co.uk](https://preview.redd.it/y4r4yr17z5381.png?width=1284&format=png&auto=webp&s=ea6d2e3fea38615720719639d0fdce471fb1bd2b)
+
+​
+
+[email: citadel@greentarget.co.uk Source: Citadel; Citadel Securities](https://preview.redd.it/bj4xx9ocz5381.png?width=1284&format=png&auto=webp&s=12346e19b7e30030f5ec0209a18ee2d9a7b3c6f7)
+
+​
+
+Thanks Ken for helping with the global crisis! You're a great American and a wonderful human being.
+
+I love seeing Citadel positively assist with the global emergencies, but do you know what I don't like? When shills get hired to "shift the current sentiment of GME."
+
+Here's more examples of that from the same dude that slide into my DMs...
+
+​
+
+[Shill Post](https://preview.redd.it/fpzvptfnz5381.png?width=793&format=png&auto=webp&s=11f8604d68d6803577a17214ec54806c8db811d2)
+
+And another one.
+
+​
+
+[Shill Comment](https://preview.redd.it/coxlvbwoz5381.png?width=776&format=png&auto=webp&s=ad8656e30251b41f37121b6e74d98a57eaa207a9)
+
+​
+
+I've gotta say though, I thought this whole conspiracy [had come and gone](https://www.reddit.com/r/Superstonk/comments/qtxy63/ken_griff_stars_in_a_bad_comedy/)? If the GameStop situation is over then why are there still shills trying to silence voices on Reddit?
+
+If you needed proof the apes are winning, this is it.
+
+​
+
+TLDR; Someone claiming to work for the PR Agency, Greentarget, attempted to pay me off so I would stop talking about GameStop and I happened to find some connections between them and Citadel. I'll keep digging and report back here unless I can't find something or forget. Do I think it was a real offer? Nope! Do I think he accidentally introduced us to another connection to Citadel? Yup! Thanks Bud.
+
+​
+
+P.S. Mr. Griffin, if you're reading this and if Greentarget is working on Citadel's behalf, then I'll consider removing my posts from Superstonk - My price is 11 million shares of GME.
+I have a 2010 Ford Focus with 86k miles. I was actually selling it and had 3 interested buyers for $4,000. The car had a dent already on the opposite side of the garbage truck impact. The city is basically saying without the dent my car would be worth $4,087 however the KBB value of it with the dent and scratch is $4,100 and in good/great condition $4,500-$5,000. So they are already low balling me there. Not only that but they said if I wanted a rental (the car was unable to be driven) I would need to go through my insurance and file a claim. My insurance said they should be paying for it. (previous accident the company of the truck that hit me paid for damages and a rental)  
+Now, to the price they are offering me because of the prior dent damage... $2,854 (tax included). Is there anything I can do about this? I really needed at least $4,000.  
+This is my first post on any financial/advice sub so please let me know if I'm in the right place or if there is any other information ya'll may need to know.  
+.  
+.  
+Edit: So I've gotten way more advice than I could have hoped for. A couple of things I have already done since posting.  
+I've used both KBB and NADA as well as looked at local postings of the same make, model, year of vehicles for sale. They are around and over $5,000 with well over 100K miles. So with the previous damage of a quoted "$1,400" I should still be getting close to $4,000 regardless.  
+I have spoken to my insurance company and will make a claim with them if I do not get a reasonable offer from the city in response to my documentation and email. Only reason I don't want to go initially through insurance is due to the fact that I will have to pay a deductible and risk my premium going up as some people have mentioned. Also, I recently reduced coverage on the vehicle.   
+.  
+Edit 2: Also, for those stating to claim injury or speak to injury attorneys / lawyers. I was not in the vehicle at the time of the incident. Garbage truck hit it, took off, then over an hour later came back down the other side of the street when the cop stopped him. He initially claimed to have not hit my car (grease and yellow paint all over my blue car) then claimed he didn't know he hit it even though the paint on his truck from my car seemed as if he tried scraping it off. Usually garbage trucks do not take over 30min to come back down the other side of our street either...  
+.  
+Edit 3: My state is Texas. I will be looking into filing a loss of use claim for sure. I will also be making some more phone calls to my insurance company and going from there. I have read a lot of your comments with similar stories who have had great outcomes. Hopefully I will report back with the same. Thank you all again for the good (and bad) advice and the cold hard truths of the possible negative outcomes o_o thanks  
+.  
+Edit 4: Last update for today until I reach a milestone. For those saying I need to use my insurance company, I was told by my insurance company that they can't do anything since I recently changed my coverage to Liability and Personal Injury. Didn't include collision due to me selling the vehicle soon. Just my shitty luck. So that's out of the question. On to fighting the city by myself with the help of Reddit.
+I've seen this discussed as a sort of side conversation, but I'm curious what folks think about finding work which you are passionate about.
+
+One common goal among folks in this movement is to not work, so you try to maximize income and savings to reach a point where you don't have to work. I'm in a circle of peers that are very interested in a career which fulfills their passion and which does good by the world. I'm starting a funded PhD program in clinical psychology in the fall, and I know I could have chosen a career that would make more money and that would probably still interest me (I-banking was one of my alternative career paths), but my hope is to do work that is meaningful to me and that makes an impact on the world. I still want to reach financial independence so that I'm not at the mercy of an employer, and I still would probably like to reach a point where I don't have to work as much, but I can't ever imagine fully retiring when I have a skillset that can do good for the world.
+
+I guess my questions are: did you try to find work that you're passionate about? If you couldn't, what made you decide to relinquish that particular requirement for work? If you did, what about FIRE appeals to you?
+
+Edited to incorporate some helpful comments.
+Remember when there were 99 versions of mp3 players and everyone thought the path to adoption was larger hard drive space and better mp3 ripping tools and cheaper devices, when what was actually necessary was an expensive stupid-simple huge device that let the least technical people use an mp3-like format?  
+
+this is where crypto is right now.  the community is too focused on concepts like wallets and generation 3 coins and decentralized whatever instead of organizing what can be done once a person holds coins. 
+
+where is the simple stupid marketplace? it doesn't exist.  
+
+the idea of wallets and private keys are bullshit (in the sense that no normal person memorizes IP addresses to use websites)
+
+think about how scary the crypto user experience is to a normal person. I'm sorry, that's never going to happen! get your heads out of your github asses.
+
+think about it like your points card at Target.  how many points do you have? how do you spend them? isn't that a pain in the ass? it's bullshit
+
+how do you get to the point where things are self-evident for normal folks?
+
+designers.  designers. designers.  
+
+where are the top User Interface and Usability designers?  
+
+Who is doing an ICO and stealing the best UI teams away? NOBODY
+
+I can't stand Jobs but he got one very important thing right: The user interface *is* the product.  
+
+Mainstream adoption starts when it stops requiring an explanation
+​
+
+🌐 Website: [https://www.everrisecoin.com](https://www.everrisecoin.com)
+
+✍️ Bsc Contract: 0xc7d43f2b51f44f09fbb8a691a0451e8ffcf36c0a
+
+📢 Telegram: [https://t.me/everriseofficial](https://t.me/everriseofficial)
+
+​
+
+EverRise is establishing the new standard of DeFi tokenomics with its innovative Buyback system and game changing use-cases.
+
+​
+
+On the EverRise protocol, $RISE tokens are bought back from the market, resulting in an immediate effect on the price. These repurchased tokens are then instantly burned, permanently removing them from the circulating supply.
+
+​
+
+The EverRise buyback function, also known as The Kraken, is funded by the strategic buyback fee. The tokens are converted into BNB and securely stored in the EverRise contract (while also sending the project sustainability percentage to the marketing wallet).
+
+​
+
+The BNB locked and stored in the EverRise contract is known as the Kraken’s Strategic Reserves.
+
+​
+
+The EverRise contract is coded so that the Kraken’s Strategic Reserves can only be utilized to buyback $RISE from the open market via the liquidity pool. These funds cannot be sent to any external wallet.
+
+​
+
+Once the $RISE tokens are bought back, the new BNB amount is added to the liquidity pool and the $RISE tokens bought are immediately burned. This creates a true burn and guarantees the price per token will increase every time a buyback is activated.
+
+​
+
+🔥34K BNB used so far in strategic buy-back burns (22.55% of circulating supply)🔥
+
+​
+
+The Kraken Strategic Reserves are deployed at specific moments to create stable floor prices during downward market trends, chart manipulation, or whale dumps.
+
+​
+
+Holders are additionally "auto-staked" instantly receiving 2% of the transaction volume and you can watch your wallet grow in real-time.
+
+​
+
+💎 **THE EVERRISE ECOSYSTEM** 💎
+
+​
+
+EverRise’s game-changing ecosystem and EverRise dApps will bring a true revolution to the cryptocurrency space.
+
+​
+
+Our dApps: EverOwn, EverWallet, EverSwap, EverLock and EverSale will solve key problems on the crypto industry and will bring a new dimension in personal and project security for crypto.
+
+​
+
+All dApps are coming to both the Binance Smart Chain (BEP-20) and the Ethereum blockchain (ERC-20).
+
+​
+
+The EverRise Kraken Strategic Reserves will be fed both by the volume of transactions on RISE/BNB and the external ETH and BNB revenue from the dApps. This provides stability not only for the EverRise native token, but all projects within the EverRise ecosystem through their required reserve holdings of EverRise.
+
+​
+
+This further protects EverRise ($RISE) investors and allows more power for the true price increasing buyback burns that the Kraken performs.
+
+​
+
+📄 **TOKENOMICS AND PROJECT SUSTAINABILITY** 📄
+
+​
+
+The EverRise contract is coded to collect 11% in fees from all transactions (buys, sells and transfers), to be dedicated into the following:
+
+​
+
+\* 6% for strategic buyback funds
+
+​
+
+\* 2% as commission to holders (rewards through reflection)
+
+​
+
+\* 3% contribution to project sustainability: enhancements, operations and marketing
+
+​
+
+✅ **ACHIEVEMENTS** ✅
+
+​
+
+\* CoinPayments integration for payments on Shopify, Magento and WooCommerce
+
+\* MyCryptoCheckout integration for payments on Wordpress Sites
+
+\* Listed on CMC, CoinGecko & Blockfolio
+
+\* 4K BNB Presale sold out in 10 seconds
+
+\* 71K+ Holders
+
+\* 34K+ Members on Telegram
+
+\* $20m+ Market Cap
+
+\* 5.8K BNB ($1.8M USD) "Kraken" Strategic Reserves
+
+\* 30K+ BNB used in Strategic buy-back burns (21.1%)
+
+\* Code audited by Certik and Techrate
+
+\* Included on PancakeSwap Top 100 List
+
+\* Most searched token on CoinMarketCap [https://twitter.com/CoinMarketCap/status/1411859090964467714](https://twitter.com/CoinMarketCap/status/1411859090964467714)
+
+\* The most engaged community in the crypto world and the most trusted Dev & Team
+
+\* Just hired experienced a Legal and Business Director
+
+​
+
+💰 **MARKETING** 💰
+
+​
+
+\* Big marketing wallet for non-stop promotion
+
+\* DAVID GOKHSHTEIN joined the Core Team as Branding Consultant
+
+\* Wasso from Hodge finance (Marketing) has joined the Core Team
+
+\* Marco Calicchia from CertiK (Business Development) has joined the Core Team
+
+\* 2nd July NY Times Square Billboard
+
+\* Luna PR as agency of record
+
+\* Donated $100,000 to Binance Charity Fund
+
+\* 11th July Btok ads in China started for 5 weeks
+
+\* Certik AMA with Doxxing on July 15th
+
+\* 21st July London Billboard on the dominating Europe’s largest financial district, The Screen @ Canary Wharf
+
+\* Poo Coin and BTOK Ads running 24/7
+
+​
+
+🔼 **NEXT STEPS** 🔼 
+
+​
+
+\* EverRise to become a registered company
+
+\* Ads campaign on more platforms
+
+\* dApp EverOwn (Contract locking; allowing community vote to unlock if fixes need to be made)
+
+\* dApp EverLock (Liquidly locking)
+
+\* dApp EverSale (Pre-sales)
+
+\* dApp EverWallet (Wallet)
+
+\* dApp EverSwap (Swap)
+
+\* More big announcements coming soon
+
+​
+
+🌐 Website: [https://www.everrisecoin.com](https://www.everrisecoin.com)
+
+​
+
+📢 Telegram: [https://t.me/everriseofficial](https://t.me/everriseofficial)
+
+​
+
+🐦 Twitter: [https://twitter.com/everrise?s=21](https://twitter.com/everrise?s=21)
+
+​
+
+✍️ Contract: 0xc7d43f2b51f44f09fbb8a691a0451e8ffcf36c0a 
+
+​
+
+🔝 Or type EverRise into PancakeSwap and select RISE from "Top 100 List"
+
+​
+
+📋 Certik Audit: [https://www.certik.org/projects/everrise](https://www.certik.org/projects/everrise)
+
+​
+
+🔒 Liquidly locked for 1 year (Connect wallet to see it correctly): [https://dxsale.app/app/pages/dxlockview?id=3651&add=0&type=lpdefi&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=3651&add=0&type=lpdefi&chain=BSC)
+
+​
+
+🔐 Dev wallets locked until January 2022
+
+​
+
+​
+
+☀️ **With #EverRise, we all $RISE together** ☀️
+I apologize if this is a stupid question, but it's something I genuinely want to know.
+
+I understand the problems with inflation.  Your money becomes less valuable over time.  If you keep a chunk of money in a non-interest-bearing account, it bleeds value.  But as long as inflation is relatively low, economists don't seem to have a problem with it.
+
+One of the objections I've seen to a gold standard is that it will lead to deflation, because the supply of gold is relatively fixed, but GDP rises over time.  I've seen the same objection about BitCoin.  The people who make such objections act like deflation is incredibly horrible.  My question is, why is slow deflation considered so much worse than slow inflation?  Wouldn't the market react by using smaller and smaller increments of money (i.e. mills instead of cents)?  What am I missing?
+So I had a 286p and a 264/263 put credit spread for today and robinhood decides to break the spread into a 286/263 spread automatically and execute forcing a $533 loss when I was expecting assignment.
+
+Why not just go buy the shares at market huh? Well robinhood hasn’t released my fkin buying power collateral and spy’s back at nearly 282. 
+
+Wtf...
+On 9/23, I submitted a DRS request for almost xxx GME shares, with a message stating it would take 2 business days to process the request and forward shares to the transfer agent, Computershare. The transfer is still in process, and not expected to be completed until 10/7. I had to initiate a 2nd conversation with an E\*Trade manager today after they failed to deliver the response they promised me yesterday, and it has left me very unsettled and concerned. I want to share this experience for education, as I am not a financial advisor, and this is not financial advice. I have revised my risk assessment regarding E\*Trade as a brokerage higher, and I will explain why in this post.
+
+​
+
+**TA;DR - E\*Trade FTDs on DRS requests are growing, customer service did not ease any of my concerns regarding the delays or provide any guidance for resolution of the delays. SIPC insurance will provide up to $500k for my account if E\*Trade becomes insolvent. If GME prices rise beyond $5,300/share before the transfer is completed, my gains will be capped at $500k if E\*Trade becomes insolvent and I cannot access my shares.**
+
+​
+
+While not an FTD in the standard sense, E\*Trade is currently failing to deliver my DRS request, and keeps pushing the request completion further out. I originally was told the request would be completed by 9/27. On 9/30 I was told a few more days. Today, 10/1, I was told DRS transfers are now taking 7-10 days, and 10/7 is the new target. With each delay, I asked the same question - "What is causing the delay". The answer - An influx of requests and staffing shortage. I found this response unacceptable, and was put in contact with a manager, who I asked following more pointed questions -
+
+* Is the delay solely due to staffing shortages not being able to handle the volume of requests, and not that E\*Trade cannot locate my shares?
+   * ***Answer - That is correct***
+
+​
+
+* After 10/7, if the DRS is still in process, what are my next steps?
+   * ***Answer - 10/7 is an estimate, we will process as soon as possible, I can contact them anytime***
+
+​
+
+* Can you quantify what a "large influx" of requests is? i.e. are you now receiving 10x more daily requests?
+   * ***Answer - I don't have that information***
+
+​
+
+* Where is my request in the queue of outstanding requests? How many requests need to be filled prior to mine?
+   * ***Answer - I don't have that information***
+
+​
+
+* Do you understand why this makes me uneasy?
+   * ***Answer - Yes***
+
+​
+
+* Is there any concern or risk to my investment by the time I reach the front of the queue to DRS the shares you have assured me have been located and will still be there to complete the DRS?
+   * ***Answer - I don't have that information***
+
+​
+
+* Is E\*Trade doing anything to address the staffing issues to minimize these DRS delays?
+   * ***Answer - I don't have that information***
+
+​
+
+* Have any concerns caused by the delays been escalated to your managers?
+   * ***Yes, the operations department and my supervisor are aware***
+
+​
+
+* Can you share any more information coming from them to ease my concerns?
+   * ***Answer - I don't have that information, but understand your concerns***
+
+​
+
+**Additional conjecture -**
+
+* This raises new questions in my mind of the solvency of E\*Trade and suspicions of failing to honor fiduciary duties to customers, and until this moment, I never had these concerns.
+   * ***Response - The delay is due to high volume of requests, I wish I had more info.***
+
+​
+
+* It sounds crazy, but brokers failing seems to be a new concern in 2021, especially in light of the court disclosures involving the Robinhood class action around the events in Jan
+   * ***Response - I understand***
+
+​
+
+* This does not look good for E\*Trade
+   * ***Response - I understand your concerns***
+
+​
+
+* I hope E\*Trade has located and purchased all the shares being requested, and not left themselves with unintended short exposure here, it could be financially and reputationally devastating.
+   * ***Response - I definitely understand your concern.***
+
+​
+
+So what does this mean? Best case scenario, E\*Trade is trying to take the crown from Robinhood for worst customer service in the industry. Worse case scenario, the speculation from [u/moondawg8432](https://www.reddit.com/u/moondawg8432/) regarding [Broker's using CFD's](https://www.reddit.com/r/Superstonk/comments/py33nd/i_am_going_to_say_it_brokers_are_breaking_the_law/) is true, and best summarized by u/[**Clearedx1000000000**](https://www.reddit.com/user/Clearedx1000000000/) \-
+
+[THERE IS NO MARKET](https://preview.redd.it/bnn1ywez7xq71.png?width=688&format=png&auto=webp&s=78bc8818327f68485de5b5a3b021514ae4389e42)
+
+In terms of business operations, E\*Trade likely is experiencing an unprecedented situation they never planned for, so it is going to take time for them to develop and optimize the process. I HOPE THIS IS ALL THEY NEED TO DO. I have experience in operations, and bottlenecks cause delays, I understand. What I find completely unacceptable as a customer of E\*Trade is the ever increasing delay on my transfer combined with having no answers or information on how they will improve this process. This is simply bad customer service, and I will forever remember this experience as use it accordingly when choosing a broker.
+
+​
+
+However, the underwhelming response from the customer service manager regarding E\*Trade solvency and potential short GME exposure raises more concerns, instead of easing them. With these new concerns, I feel the need to talk about risk, and specifically broker risk. SIPC is broker insurance, similar to FDIC insurance for banks, which comes into play if a broker fails. The government guarantees any account in a SIPC insured broker is covered up to $500k in the event the broker fails.
+
+​
+
+Using this $500k SIPC guarantee, and reassessing my broker risk in regards to E\*Trade, after today's conversation I no longer can assume the risk of E\*Trade failing is zero. Do not confuse this assessment, I am not saying E\*Trade is going to fail, just the odds of them failing is now higher in my own analysis. This directly relates to my GME holdings in E\*Trade, as my analysis of how high the GME price can rise has the potential to exceed the levels SIPC insurance will cover. GME above $5,300/share would take the value of my E\*Trade holdings above the SIPC limit. I believe the probability of GME hitting or exceeding that price is higher than zero.
+
+​
+
+I am diversified, and also hold GME in Schwab, Fidelity, and Computershares, but given the recent disclosures involving Robinhood, 2021 has already seen broker insolvency. IMHO, RH only survived their margin call through crime and collusion. I still think RH will be the first insolvent broker during the MOASS, but E\*Trade now seems like they may be #2. I expect many brokers will fail during the MOASS, and SIPC insurance will be very important during that time. IMHO, Computershares is the safest place to keep your shares, because there is no broker solvency risk, as you own the shares directly. For me personally, my goal is to DRS the majority of my shares as quick as I can, but I will still likely hold some in Schwab and Fidelity. Vanguard seems like the safest broker to me at the moment, so I may also consider opening an account there, as I will no longer be using E\*Trade.
+
+​
+
+To close, I am also in the process of doing a DRS of my Schwab Roth IRA via CamaPlan [IRA Direct Registration](https://www.camaplan.com/direct-registration-of-stocks-drs-protect-your-securities-investment-against-brokerage-defaultmisconduct/). This is taking some time, as it is not something CamaPlan does regularly, but so far I have been impressed with their customer service and communication to help me get the transfer completed. Beyond setting up an account, I had to create an EIN for my IRA [through the IRS](https://sa.www4.irs.gov/modiein/individual/index.jsp) and fill out the Computershares [Transfer Request Form](https://cda.computershare.com/Content/f776f4c7-51dd-4cfc-80b7-67b2f03bc292). Once the transfer is completed, I will write a new post fully describing the process and costs as education for individuals making an independent decision to also DRS any IRA holdings.
+
+​
+
+Below is are a few screenshots of my conversation with E\*Trade for reference -
+
+​
+
+https://preview.redd.it/tkexkyw58xq71.png?width=3018&format=png&auto=webp&s=79df05c70912818e77197bde0b9e3bf087c24356
+
+https://preview.redd.it/m2gc11e78xq71.png?width=2887&format=png&auto=webp&s=9e9cf9a104cc8de8f885c3cabd9f827bf4a6659c
+
+https://preview.redd.it/yh8ubxb98xq71.png?width=2982&format=png&auto=webp&s=1617247c705ed6f141fb19ea9a81479fb2af39ee
+
+https://preview.redd.it/oub8v1va8xq71.png?width=2963&format=png&auto=webp&s=6e487fd0a2692b2745c830d52e2850b6f879dca5
+
+​
+
+**BUY, HODL, DRS**. Ken Griffin lied, and the Citadel conspiracy engulfs many institutions. Kenny used to own a significant portion of E\*Trade, and I hope for the sake of my own investment, that old relationship has not influenced E\*Trade in a way that can negatively impact my finances.
+Hello all!
+
+Be sure to toggle between Community Points and Votes to see the actual raw votes which are the only votes that matter in a poll like this anyway!
+
+The poll on Age proved to have an incredible turn out!    2800+ responses and still growing.  
+
+[Here's a Link to that thread.](https://www.reddit.com/r/ethtrader/comments/9l076r/lets_find_the_average_age_of_ethtrader/?st=jmuko747&sh=ef1ccfe2)
+
+[Here's a reflection video on that poll](https://www.reddit.com/r/ethtrader/comments/9lbk22/reflections_on_recent_age_poll_on_ethtrader_great/?st=jmukpkkc&sh=dd2e99c8) and I'll show you how to toggle results of votes in case you don't know how to do it.
+
+Now: Let's find out what Continents make up our EthTrader Community!
+
+​
+
+​
+
+[View Poll](https://www.reddit.com/poll/9lblbn)
+About to head home form work and I really don't want to go home. I don't want my wife and kids to ask me if something's wrong because my wife always knows just  by looking at my face. I don't want to have to tell her.
+
+I started this as a hobby of sorts. Just to make some extra cash and maybe have a little fun. I've done okay these past 2 months and bragged the other day about how I was becoming somewhat of a "stock broker", like the ones on Wall Street. There was a glint of awe and admiration in her eyes, a shine I hadn't seen in years.
+
+Today I lost everything and I don't want to go home. Part of me wonders if they're better off without me. 
+
+So I'm here asking for advice as someone who only a couple months ago stumbled on to your world. How do you deal with the loss and disappointment? How do you face your loved ones when they ask how things are going? In my case, my loss directly affects them because its $28 I could have used for groceries or something to benefit them.
+
+How do you guys dealing with losing absolutely everything you put in? How do you rebuild? How?
+Little bit of fun and discussion. Given how the world is atm, most indicies are bouncing back and some even reaching towards new highs. The UK still looks unattractive for any gains and to some extent dividends given the banks and insurances companies that make up a disproportionate amount of the ftse. 
+
+What ten global stocks do you chose and why?
+
+Bigger challenge, try and find ten good ftse companies that will make a long term return. 
+
+Try not to give each other too much abuse folks!
+I know it's been done with apps and games, but how about other service-based or standalone software companies?
+
+​
+
+If you started that way and ended up hiring employees, at what point did you hire people?
+
+​
+
+I'd love to hear your story.
+Hi all,
+
+First time poster here. I own a duplex where I house hack (4.5% interest on 30Y). I was wondering where everyone thinks mortgage rates will go within the next \~2 years considering the Fed ~~announced~~ projected it would hold interest rates near zero through 2022.
+
+Currently the 30Y Conventional is at high 2s but I believe it will hit low 2s by 2022, thus I want to hold off on refinancing until then. What does everyone else think?
+I drive a 10 year old car I bought new right after college. It’s on its way out and sinking money every few months at this point. I could probably get another 2 years or so out of it with some decent tune ups but I’m worried about the current market just getting…worse. 
+
+
+I know no one can see the future but I’d welcome input as to whether or not I should just bite the bullet and pay now or wait to see if prices come down in a year or two. 
+
+For what it’s worth, car has no value bc I bought the salvage title from an accident awhile back when car prices were starting to spike and I didn’t want a car payment lol
+Hey guys it's me again and I'm here to share with you an update about this new project I'm in, ElongF. For those of you who missed it, I talked about the key fundamentals of the project the other day. [**Click here**](https://www.reddit.com/r/CryptoMoonShots/comments/n394d2/elongf_under_1m_mc_frictionless_and_yield/) if you want to take a quick read. It's been a wild ride since then and the team is now starting to work on the project's marketing. We all love a good marketing right?!
+
+​
+
+🚀 **SO WHAT'S NEW???** 🚀
+
+​
+
+The team has executed multiple initial marketing plans with smaller YouTubers, TikTokers, and generally influencers over multiple social media platforms. Check out the links below! More are coming within the next few days!
+
+​
+
+* [ElongF YT Review by Umar Khan](https://www.youtube.com/watch?v=ENKiJbcZdPc)
+* [ElongF TikTok Review by InfoOnCrypto](https://vt.tiktok.com/ZSJDYmDvE/)
+
+​
+
+They also made their OWN SONG (hell yeah!!!!) for Elon's Girlfriend Grimes, with a really nice touch of a personal message to her through lyrics, and now, they are looking into ways to promote it and spread it everywhere possible for the world to hear! CHECK IT OUT BELOW AND DON'T BE SURPRISED IF YOU HEAR THIS ON YOUR LOCAL RADIO STATION YA HEAR ME?!!!
+
+​
+
+[**ELONGF song by our community member INFINITY**](https://www.youtube.com/watch?v=u8_V2NsYAdE)
+
+​
+
+The team's upcoming plans are to continue **promoting the token and video with the help of much bigger influencers**, as well as make **partnerships with multiple other cryptocurrency projects** and potentially make a **music video** in the future.
+
+​
+
+When it comes to the project, **yield farming** will be coming soon alongside **active staking** which will further help with the marketing since the team is trying to give the token many use cases and give it utility and also potentially creating another complementing coin to build an ecosystem.
+
+​
+
+IDK about you guys but this project sounds BULLISH AF to me!! We are currently sitting at **1M market cap** so **IF YOU ARE READING THIS RIGHT NOW, YOU ARE STILL VERY EARLY!!!**
+
+​
+
+**PANCAKESWAP TOKEN ADDRESS:**
+
+​
+
+0x7c1ec1cbd131c9a492c973717172fdbd8925aba5
+
+​
+
+**IMPORTANT LINKS:**
+
+[Website](https://elongfbsc.com/)
+
+[Telegram](https://t.me/elongf)
+
+[BSCScan](https://bscscan.com/address/0x7c1ec1cbd131c9a492c973717172fdbd8925aba5)
+
+[Twitter](https://twitter.com/elongfbsc?s=21)
+
+​
+
+Remember to DYOR guys and happy trading! 😎
+I've seen some buzz lately that SCHD might not be able to preform as well in the next couple of years as it has in the past. Do you guys buy this? If not why? If you don't what do you think will have the best performance. I have to admit I have become very bullish on JEPI. Great growth on a high yield with excellent grades on risk as well. The fund has looked almost too good to be true to me at the moment. I might be buying more of JEPI than anything else right now. If you would still buy SCHD over JEPI can you please tell me why.
+​
+
+The Securities and Exchange Commission announced a new proposal on Tuesday, which could allow companies like Uber Technologies Inc (NYSE: UBER) and LYFT Inc (NASDAQ: LYFT), and DoorDash to compensate gig economy workers in equity.
+
+What Happened: The regulator has proposed a pilot program for tech aggregators that hire gig economy workers or drivers, under which the companies can pay up to 15% of the worker compensation (not exceeding $75,000 in three years) in stock rather than cash.
+
+SEC Chairman Jay Clayton clarified the rationale behind the proposal by saying work relationships have evolved along with technology, and gig economy workers are a vital cog in the broader U.S. economy's growth.
+
+The proposal will be open to a 60-day public comment period and may come into force only under the new leadership chosen by President-elect Joe Biden.
+
+Why It Matters: California attorney general had sued both Uber and Lyft earlier this year for not following the California Assembly Bill 5, which forced aggregators to reclassify workers as employees, making them entitled to similar benefits. However, the ride-hailing companies won the Proposition 22 referendum that exempts it from reclassifying gig workers. 
+
+In a bid to garner support for the referendum, the companies had guaranteed other benefits such as health insurance for drivers who work 15 hours or more a week, occupational-accident insurance coverage, and 30 cents for every mile driven, among other protections.
+Good Morning, Afternoon & Evening Apes!
+
+First of all - Thank you to all those kind people that commented and messaged me after my post about some of the inner workings of the media world. I had so many very interesting people reach out - it really is fascinating how many people from all walks of life are here among us.
+
+If you missed it - [you can read it here](https://www.reddit.com/r/Superstonk/comments/ojhgph/a_journalists_view_on_gme/)
+
+Second - before I get into the main body about this post I wanted to address some of the people that said I was a fraud, fake etc.
+
+As requested - I provided undeniable proof to u/broccaaa
+
+This included 10 years worth of press passes, journalist entry visas for multiple countries in Asia, North America, Europe & The Middle East, along with pictures of my awards with the u/Broccaaa user name next to them. I totally understand the desire for proof - and I delivered that to an admin of the page.
+
+For those who were trying to deconstruct my post and looked for grammatical mistakes and "syntax" issues with how I construct a sentence - You're right! I am a horrible writer. Many of you seem to have it in your head that you MUST be able to write perfectly to be a journalist - this is simply not true. Even the ones that are "writers" many time are not the best at putting pen to paper... it takes a team for stories to come out. Editors, Sub Editors, Writers, Management, Lawyers. When you see a story on the TV or in a newspaper, dozens, sometimes hundreds of people could have been involved in what you are watching. Everyone is a cog in the system to make the machine work.  So yeah - I'm not the best writer. Many of you are also assuming English is my first language as well... so I will leave it at that.
+
+And to the one guy that said there was no way I could be a journalist because I swore in my post - Holy Fuck. Your mind would explode if you worked a day in a news organisation.
+
+**A QUICK HISTORY LESSON - THE BIRTH OF SOCIAL MEDIA IN THE NEWSROOM**
+
+We live in an AMAZING time. Every thing that is ever muttered on television or written online is saved forever.
+
+It use to be the case not that long ago that once a news segment went to air - that was it. It would never, ever be seen again. That interview with that "xyz politician" was on TV just once. There was no ability for the average citizen to fact check someone about what they said, or a promise they made - because the evidence of anything that was said was locked away in the TV Archives department. Same goes with newspapers & magazines - most people would keep a newspaper for a day or two, and after that it was gone.
+
+Now - with the power of both people and the internet, everything lives forever - for better or for worse.
+
+Many people within news organisations still don't really live in this reality - that everything that is said lives forever.
+
+Quick story time - when Facebook, YouTube, Twitter started coming out in 2004 onwards - I was a very early user. I went to upper management at a few of the companies I worked for and told them we needed to have a Facebook page for share news stories, or needed a YouTube page to share interviews & stories.
+
+These companies love control over their product. They love to control the content and when it comes out, and how it was distributed. The idea that something could be pushed out live to the whole world and never be deleted was a very scary, and foreign concept for some of these people. I was told multiple times when I went into these meetings trying to get these organisations onto social media "People can just go to our website, they can find what we publish there" There was a famous case a few years ago where something happened on a large TV Network and it was all over YouTube - behind the scenes one of the older executives demanded and was screaming that the footage must be taken down from "the internet" - with no comprehension that this is impossible. In their mind - if you wanted it deleted, it would just be deleted.
+
+**THE MYSTERIOUS CASE OF THE CNBC INTERVIEWS PART 1 - GME HEARING**
+
+Okay, now we have that out of the way - I wanted to tell you my thoughts on these mysterious interviews... there is WAY more going on here then meets the eye.
+
+Let me go through the process of a video and how it ends up on YouTube, Social Media etc.
+
+All major media organisations now have specialists that work purely on social media. They are teams of people that develop content that will get traction on social media, with the goal being to click through to the website to read the story / watch the video etc. Or if it's a pre recorded interview, you might tease out a few juicy parts from the interview on social to get people talking - with the idea being to promote a story or interview that will be on in the morning.
+
+Now - let's say I was a senior person on shift at CNBC social desk on 3/17/2021 when the hearing into GameStop was happening on Capitol Hill.
+
+This is a such an easy upload for me - first of all because there this is a public hearing, there is no copyright issues to deal with.
+
+Second of all it's just one big video. Hours and hours of hearing - I would probably edit out the bathroom / lunch breaks, but as for the content - just let it run! This is not a highlight reel of the hearing, or a summary piece. It's like a press conference that a the White House would give, I simply tell the video editors to cut the top to where it starts, and the end when it finished. Done - I can go to the vending machine and get a soda.
+
+**This is where it gets really fucking weird.**
+
+As many of you know - there was VERY important details cut from this hearing.[Here is a side by side view](https://www.reddit.com/r/GME/comments/m7vbli/video_proof_cnbc_edited_the_hearing_to_protect/)
+
+[And here is a bit about what was cut out](https://bettermarkets.com/newsroom/cnbc-posts-edited-video-house-financial-services-gamestop-hearing-deleting-dennis-kelleher)
+
+There is ZERO logical reason if I was uploading an entire press conference, or congressional hearing to cut out just one little bit.
+
+If I was doing a highlight reel, I would get the timecodes of the best parts of the hearing - and I would hand them to a video editor.
+
+So for example I would send an email to a video editor;
+
+*Hey Bob the Video Editor,*
+
+*Hope your day is going great.*
+
+*Can you cut a social video for me? It's a highlight reel of todays congressional hearing on GameStop.It's a big clip and I want the entire hearing, but could you cut out the following for me? Here are the bits that I want to be left out of the final version for social.*
+
+* *04:20:69 - 04:45:00 - In words "I am" - Out Words "Not a cat"*
+* *04:50:00 - 04:53:24 - In words "I Like" - Out Words "the stock"*
+
+*Let me Know when it's ready, we want to push it onto YouTube as quickly as possible. Thank you!*
+
+This is just an example, but you get the picture. I would give detailed timecode's & in and out timecode's for where my video editors could find the footage.
+
+**SOMEONE, WITHIN CNBC, GAVE A SOCIAL MEDIA JOURNALIST, OR A VIDEO EDITOR SPECIFIC TIMECODE'S TO EDIT OUT. THIS WAS NOT A HIGHLIGHT REEL. THERE WAS NO TIME LIMIT THAT THEY WERE AIMING FOR - THEY CUT THIS OUT FOR A SPECIFIC REASON.**
+
+**THIS IS A HUGE FUCKING DEAL.** I don't know how high it went, or who within CNBC would have called down to the senior that was on duty that day - but someone within that organisation said "we cant have xyz in the full video" Did someone from outside the organisation call someone within the management team of CNBC and ask for XYZ to not be included? We will probably never know - but this smells of something much bigger.
+
+As mentioned in my previous post - these organisations are run top down fear style leadership. I highly doubt anyone would have pushed back or questioned this request - boss man said to not include xyz, so I wont include xyz. I get to keep my decent salary, and after work I am going to go try that new expensive restaurant around the corner. Case Closed - Day over.
+
+The ONLY reason I can think was maybe Standards and Practices had an issue with something? A quick rundown on Standards & Practices within a news organisation - they are there as lawyers / protectors / gate keepers of the company for what can be published and what can not. They are there to try and make sure that the company is not in trouble legally for anything.
+
+[There is a funny video of Conan with his Standards guy - it's not journalism but you get the point.](https://www.youtube.com/watch?v=nIcvnU9t7S0)
+
+Was there something that was said that freaked out CNBC legal department? I don't know... it was a public hearing so there really shouldn't be a legal issue. The fact that they specifically cut out a certain portion means something happened behind the scenes. **A meeting was had, an email was sent, a phone call was placed. Something happened.**
+
+**THE MYSTERIOUS CASE OF THE CNBC INTERVIEWS PART 2 - GARY GENSLER**
+
+Alright now we have that out of the way - I want to talk about the interview with Gary Gensler, and what happened with the editing (again) of the social clips they published.
+
+Financial news is clearly a very niche area, there really isn't that many news outlets that focus purely on the stock market, bonds, etc. You have CNBC, Bloomberg, Fox Business News etc. So when it comes to financial interviews, getting an exclusive with someone isn't as a big of a deal as it is with Network or Cable (because you have a lot more competition with those guys)
+
+That being said you can tell by watching their social channels, and also watching the promotions they put up the day before for what they see as exciting, and what will drive viewers. The day before the Gary Gensler interview they started promoting it hard, both on air and also on their social media.
+
+If I was an executive producer at CNBC, and I had an exclusive that was a high profile person, the big man everyone is talking about online, Gary Gensler, I would do the following. After the interview, I would clip up the best grabs / sound from him - so these could be little 30-40 second clips of the big talking points he made. Each clip could be their own tweet - which in-turn could be retweeted / shared by the anchors / stars on CNBC. My hope is of course for these to go viral / get good traction. More eyes on the network and more publicity.
+
+I would then take the entire interview, clip it from the top to the bottom, and publish that entire exchange on Facebook & YouTube. The longer these clips, the better the engagement. If you get longer engagement with a video, its better for my report at the end of the month.
+
+Once again - this is where it gets weird.
+
+Something happened with that raw interview tape - **again**. Somewhere in the chain of command, someone told someone that from time code xx:xx:xx to time code xx:xx:xx needed to be edited out of the clip that would be shared on social. Why the FUCK would you edit out the one thing everyone is talking about? You simply wouldn't. Someone, somewhere, got a phone call, and was told to edit xyz out, and of course they did. Was this a phone call from outside the network, leaning on a friend within the network? Was there pressure from someone else? We will never know. What I do know is that these are deliberate actions, with multiple people behind the chain of command and decision making.
+
+**Now - here is where things get wild.**
+
+Why do people go on CNBC / TV at all. People don't go on TV for no reason or to say "Hi Mom, I'm on TV". There is always a reason. You are either promoting yourself / your own personal brand as an expert, the company you represent, a new announcement, an exciting new venture.... you don't just go on CNBC for the fun of it. There is a reason you get asked to go on, and there is a reason why you say yes.
+
+TV is also a powerful tool, you can bring up things and say things that may not have come up organically in a tweet, or a press release. Because it's a conversation, you can steer the interview into places you want to talk about, and announce things, or allude to things that you probably couldn't just tweet out directly.
+
+CNBC is watching all of this shit carefully, they know the man of the hour is Gary. And Gary know's this is a perfect way to boost his profile within the new job, but also kind of say to retail investors "hey, I am hearing this, I see you, I got this"
+
+So what does he do. He steers the conversation into protecting retail investors, he specifically mentions "We must guard against fraud and manipulation from big actors, hedgefund and elsewhere"
+
+AND THEN THE GUY TWEETS THE 1:18 CLIP THAT WAS DELETED FROM CNBC.
+
+**THIS WAS WHAT HE WANTED TO TALK ABOUT, CNBC TRIED TO NATURALLY KILL OFF THE CONVERSATION, SO HE SAID FUCK YOU, I'LL SAY IT AGAIN LOUDER, VIA TWITTER - HERES THE CLIP OF WHAT I SAID.**
+
+He then makes the case that CNBC is no different to Reddit, that the conversations that are had on CNBC at their round table shows about stock fundamentals are no different to what is discussed on Reddit, YouTube etc. This was a POWERFUL message - for a year now CNBC has been shitting on the Reddit bet page because they said it was possibly illegal - and Gary says Fuck you, It's the same as what you do - and btw, we must guard against fraud and manipulation from big actors & hedgefunds. It was a message for three groups
+
+* CNBC & Media - This is no different to you discussing stocks. Don't throw rocks in glasshouses
+* SHF / Big Banks / Wall St- I know what you have done, and I am coming for you.
+* Retail Investors - I know about your concerns, I see them on Twitter and other social channels, and I am working on them.
+
+Between the words he used, the tweet, and the posting of footage that was censored by CNBC - it was a masterclass in how to go into bat against a big media company & social media.
+
+​
+
+**OPEN SOURCE INVESTIGATIONS / OSINT**
+
+We live in a powerful time in history - so much data is available for you and your wife's boyfriend to go through from your living room with just a laptop. Billions of data points across any topic you can imagine. In the last 5 years, most major news outlets both print & broadcast have opened in house "Open Source Investigation Units". It came clear that with the technology available, and with the right training you could easily start building a story in the same way an intelligence analyst might with an agency. Some of the big boys have even paid for private satellite imagery from time to time to work out what was going in countries like Syria (Yeah thats a thing now - you can pay for a set of eyes in space to take some pictures for you)
+
+For those who don't know - Open Source Investigations is pretty much what every brilliant ape has done in this group for the last 6 months. They take information from publicly available sources, connect the dots and try and build a story from it.
+
+We have seen people work out not only intense financial details about certain groups by putting puzzles pieces together, but we have seen people use pictures and imagery data to work here where a photo was taken etc.
+
+The king kong of publicly available OSINT work is Bellingcat. Their most famous work involved being able to track down individual members of a Russian assassination squad using public records, photos, and even the background from pictures listed on a Russian equivalent to Google Reviews.
+
+There are some fantastic resources available and guides. If there are
+
+[https://www.bellingcat.com/category/resources/](https://www.bellingcat.com/category/resources/)
+
+[https://www.bellingcat.com/category/resources/how-tos/](https://www.bellingcat.com/category/resources/how-tos/)
+
+​
+
+There are a bunch of resources available here:
+
+[https://gijn.org/online-research-tools/](https://gijn.org/online-research-tools/)
+
+[https://www.andyblackassociates.co.uk/resources-andy-black-associates/osint-toolkit/](https://www.andyblackassociates.co.uk/resources-andy-black-associates/osint-toolkit/)
+
+​
+
+Search for OSINT toolkit, OSINT resources, Open Source Investigations. Find the tools that you like to use, and start building your own toolkit with the tools available at our disposal.
+
+**WHY AM I SHARING THE IDEA BEHING OSINT?**
+
+Because there are dozens of people that are already doing it without realising it. I think the geniuses in this group should be supported with additional ideas and resources. I would HIGHLY encourage you to read this article - [https://www.bellingcat.com/resources/2020/12/14/navalny-fsb-methodology/](https://www.bellingcat.com/resources/2020/12/14/navalny-fsb-methodology/)
+
+It was the methodology behind tracking down the FSB hit squad they were tracking using open source information. It really helps you get in the mindset of an open source journalist, and how they use tools and methods to track down information. My favourite quote from this article is *"Tugging on one thread will unravel an entire tapestry of cross-referenced data"* GME is an entire tapestry is slowly being unravelled. The more people search, the more people will find.
+
+Also a side note - when searching, use multiple search engines. It is clear that Google in the last 5 years has started putting individual results for individual people, it might be worth checking out searches in Duck Duck Go and using incognito mode while searching around for information.
+
+**TAKE NOTICE OF THE LANGUAGE & SOCIAL CUES**
+
+Pay attention to the words people use on TV, and the meaning behind them.
+
+Language is used to draw an audience in - to make a connection with Bruce & Jane sitting in their living room in Smalltown America.
+
+I'll give you an example. If I am writing a story about rising costs of healthcare for the average family, how do I get a news anchor that is making huge money to connect with the family watching who may be on a single income and just on the line between lower and middle class.
+
+I change the language in the story. So instead of saying "You may have noticed your healthcare costs rising" - I would change it to "We have all noticed our healthcare costs rising"
+
+See what I did there - I made this about me as well, we and our connects me sitting there at the news desk to you sitting in your living room. We have BOTH noticed the healthcare cost rising. Now I am on a VERY decent salary, with fucking AMAZING healthcare - have I noticed a rise in the prices? Fuck No. But I want YOU to think that I am just a guy like you... so I connect with you through the TV as an everyman.
+
+Another example is that clown Jim Cramer.
+
+​
+
+[Sleeves rolled up, a messy man cave. \\"I'm just like you - I am just like your drinking buddy, here to help you make a few bucks\\" ](https://preview.redd.it/kcellqws61g71.jpg?width=1910&format=pjpg&auto=webp&s=a2d02093442caf6d87f1b758988574a8d824351f)
+
+Notice how in the morning shows he is in a suit and tie, and looks professional? But on his show in the evening - his personal image / brand changes. He is on the mad money set - it looks like a man cave, chaotic, a little messy. He rolls his sleeves up, like he has a had a hard day at work. Maybe you just got home from work and you have rolled up your sleeves like him. You see some sport memorabilia. You're a guy in your 50's like him, and you see yourself in him.
+
+He always does the same routine at the start - I'm your friend, I am your buddy, I am here to make you a few bucks. Between his gentle reassuring words that he is your friend, his comedic routines with that stupid soundboard and the subtle imagery on the set design, and his wardrobe - it makes you feel like you can trust him, like he is an old drinking buddy. A friend.
+
+We all know from The Coin Stock, The Chinese Taxi Stock and other disasters what this "friend" leads you to... but it doesn't matter. People will keep trusting him.
+
+People DO trust this guy, you just have to see some of his fans on twitter and what they say in response to his stock picks
+
+This is also why I think he has started throwing around the words "communists" and "Marxists" when describing Reddit forums. What is a word that gets people fired up in America - the word communist. What if you could start building a frame work that people who are trading Gamestop are communists that hate rich people - its an easy story to sell, and you don't need proof. It's a very clickable headline - and it would be easy to get those in power such as congresspeople who clearly don't understand what is happening to go along with it. If he starts using those words more, and more, they catch on. Then you have a problem on your hands - we are all individual investors, how do you fight back?
+
+**STAY ON TASK - BUT CAST OUR NET FAR AND WIDE**
+
+I totally get the desire for this sub to stay on task with GME, and to only discuss things directly related to GME... but I wanted to share my thoughts on this mentality and why we should all have a little open minds when discussing information we find.
+
+As we go down the rabbit hole, we find more and more things connected to this entire saga. Many of them aren't directly connected to GME, but these little puzzle pieces are leading us to the bigger picture - just how fucked the capital markets are. There is no price discovery, there is no free and fair market. It's rigged.
+
+We are in a unique position to have thousands of people, many experts in their fields of finance, data analysis & historical analysis to be putting together this puzzle. The wider we cast out net, the more threads we find to unravel this mess. If we shut down ANY conversation that dares mentions political issues, housing issues, other stocks that share the same behaviours as GME - we are doing ourselves a disservice.
+
+Obviously the integrity of this sub is paramount, and things like forum sliding and distraction should be at the forefront of everyones mind - but in saying that, a little leeway with thinking outside the box could go a long way with exposing even more evidence of corruption in the system, and how it relates to GME.
+
+When you are doing an investigation, you look at EVERYTHING. You discuss with your colleagues all sorts of theories, and past cases that share the same patterns. You bounce ideas of each other that may have nothing to do with the case on hand, but in doing so it really gets the investigative juices flowing in your brain to use your critical thinking.
+
+This is just a personal thought, but I have seen a few times where decent conversations were deleted, or screamed into silence with chants of SHILL SHILL SHILL for bringing up a point that was a little outside the conventional thinking, but could be an interesting point.
+
+​
+
+**CONCLUSION**
+
+I have been keeping a very close eye on financial networks, and taking notes daily on things I notice. I would like to continue posting here. I had some wonderful kind hearted messages and comments last time I posted, and its truly an honour to be on this journey with you all. I will keep making posts as I feel comfortable.
+
+Take Care everyone! Love to you all. xxx
+
+*And a little direct message to RC. If you're out there - and you want someone to come in house to help navigate and work logistics of the shit show that will be the international media camped in your parking lot when this rocket takes off - let me know. I'd quit my job and come to Grapevine in a second to help navigate what will probably the biggest news story on the planet.*
+Hey all,
+
+I wanted to ask how you all found your tastefully frugal, financially independent minded counterparts. I don’t really date often, but when I do it baffles me the level of financial insecurity people are in. This is a bit of a deal breaker for me and I wanted to know if I should be doing something better to find someone.
+
+For context I am a dude, gay (came out a year and a half ago, If I was out sooner I would probably be in a relationship with the guys I talked to in college).  This makes it hard to date in general and I try to not use apps, but meeting people organically when working and keeping busy is tough. I joined an LGBT group, but still don’t have luck in terms of finding someone who shares similar financial goals.
+
+As for me, I’m turning 26 soon and I have a net worth of $320k. I have been living with my parents, but plan to move out soon and purchase a multi family home. On a side note living at home isn’t something a lot of people like, but tbh I do not care. These years have enabled me to save so much money and help my parents out. For now, I think I’ll move to a HCOL area like SF, LA and NYC, perhaps Chicago too. This is for personal reasons (friends), but also for dating. I also think I can make more to cover the increased living expenses in these areas (i.e. I would probably make 30% more in NYC). If I can’t afford a property I’ll probably buy a rental near my parents home in their MCOL city and rent in the large city. 
+
+Now that I have a buffer from living at home I want to focus on my personal life more. Aside from FI I do want to be in a committed happy relationship with someone and it would have the added benefits of mutually lowering expenses, compounding interest with dual income and just generally pushing each other to do better. All jokes aside, I have had difficulties with this and I just downloaded Hinge to see if that’ll help too. I know I’m not old, but I’ve never been in a serious relationship and I want to know what it’s like to be in love and share a life with someone. I don’t have issues with getting numbers when I meet guys (I don’t go to bars or party often, however, so this doesn’t really help). I know I have plenty of time, but I do think I’ve spent way too much time focusing on school, my career, side hustling and money and not my personal life. It’s making me jaded about dating and makes me want to move to a big city faster and faster (for example, I was in NYC and I met a guy I would consider dating, but because we only had a few meet ups and it’s long distance friendship it fizzled our before it became a thing). 
+
+Thanks for the advice! 
+
+TLDR how does a FI gay guy find another FI gay guy to date as I am going to be moving to a big city in the next 4 months and want to make sure I set myself up well.
+
+Edit: thanks for all the advice, I am honestly really happy to see so many 🏳️‍🌈 folks here. Thanks for supporting me and each other! To be forward not sure which city I’ll move to. I am debating staying at my job or taking a higher paying job in a bigger city (that would pay market rate there). I am deciding between Chicago, LA, NYC, SF and potentially Boston / San Diego and want to take 4 months to decide what’s the right move for career and personal for me.
+Keeping in mind the current indian market situation, and no signs of the virus stopping, I am no longer that inclined to buy this IPO. 
+
+Also, most people(at least online) seem to be of the opinion that they are gonna sell at listing. If that's the opinion of majority of the share holders, isn't it going to plummet after listing? Any thoughts?
+So my ~~colleague~~ wifes boyfriend, who has no reddit account and wishes to have no association with you autists, has been doing some maths (or "math" for you americans, or "fun hobby time" for our chinese autists) in an attempt to back solve Short interest, using short volume & trading volume. The base idea behind his findings was that any short volume over 50% cannot be 100% covered that day... so he just thought - how much can these short boys actually cover, if all shorts opened were intended to be covered...
+
+Here's what he's worked out spoiler alert:>!shorts r more fuk than bears!<
+
+"So, I have been freaking the fuck out about this.  I am of the belief that at one point, FINRA said the truth about SI%... Being 226% on the 15th of january.  I had thought it was impossible to figure out what it was now, but then I started digging into the Short Volume.
+
+At first, I had thought that it would be interesting if we could see how much they could have covered if 100% of long volume transfers went to covering shorts (Short Overflow)...
+
+So then, I got a thought... let me manually import the short volume data since the 15th and see where this could go.
+
+So from the FINRA report I got:
+
+* Short Volume
+* Short Exempt Volume
+* Exchanged Volume (Long Volume + Short Volume)
+
+​
+
+https://preview.redd.it/qvqwl2rw31m61.png?width=1158&format=png&auto=webp&s=7fb1fbc9c5fbb7971d179d9f982ad75d54287d63
+
+From Yahoo Historical Data I got:
+
+* Total Trade Volume
+* Day's Closing
+* Day's low
+
+Then I calculated this: Total Short Volume (SV + SEV)
+
+* Long Volume (ExV - SV)
+* SV% (TSV / EV)
+* Off Exchange Volume (TV - EV)
+* Short Overflow (TSV - LV)
+
+I realized that this all cost them a fuck ton.
+
+So I said:  If they covered through calls, then they as an extreme minimum paid 40$/share for them AND only would do so when GME was on the way up as it would be a waste of money otherwise. Thus I made MinimalCost of OFF-Exchange as (OEV \* $40).
+
+If they covered through Long Volume on market, then we'd be able to estimate that CONSERVATIVELY by comparing the days low to the Daily long volume (Day's Low \* LV).
+
+Then came to the conclusion of the data:
+
+I wrote down the FINVIZ float, the SI% from FINRA, and derived the Short Volume at the time. THEN, I made 3 tables:
+
+* Table 1: Shows how many Shorts are there at different intervals of covering on Off-market and On-market.
+* Table 2: Shows the cost of doing those coverings.
+* Table 3: Shows the new SI%.
+
+​
+
+https://preview.redd.it/d05jq0jx31m61.png?width=1806&format=png&auto=webp&s=8b1309f6e677e016ba1dbc04208dc8eb0b4ed665
+
+IN CONCLUSION:   Using My data, I was able to derive that the **535.9% SI%** being passed around would cost Short Sellers 25 BILLION DOLLARS theoretically.
+
+The **Maximum SI% can be rn is 942.06%.**
+
+It is **litterally impossible for it to be under 200% rn** as it would be too costly.
+
+I believe that SI% is over 600%, as I believe that certain companies ran while they could, spending 10 billion dollars AT MOST between them all for covering.
+
+​
+
+https://preview.redd.it/zyzechcy31m61.png?width=1275&format=png&auto=webp&s=e79ea03302ad64646162736f3f9a39843cc484fe
+
+Because you cannot justify over 20% of long volume transfers being covering, its mostly algos and day traders as for calls, I just dont see that going over 30% as its abundantly clear calls are being used against them, not for them. and even that is pushing it.
+
+My point for my want is this: I**t is impossible that SI% is not more than 226%** as was said on the 15th as the costs would be to great and the data is just not there to support it but instead I came to the conclusion that we are way fucking past that for simmilar reasons
+
+​
+
+https://preview.redd.it/bfuqksue31m61.png?width=1448&format=png&auto=webp&s=3db05997bf1b3d2c6b909b8994888cab21464829
+
+NOTE: NONE OF THIS EVEN TAKES INTEREST INTO ACCOUNT FOR THEIR COSTS, IT IS ALL JUST THEORETICAL COVERING COSTS ALONE. THE DATA DOES NOT SUPPORT THEM HAVING COVERED MUCH AT ALL, YOU TAKE FROM THIS WHAT YOU WILL. I AM NOT A FINANCIAL ADVISOR DONT COME BITCHING."
+
+Thank you for coming to his TED talk.
+
+**TL:DR SHORTS CAN'T STOP WONT STOP SHORTING. WE GOING TO THE EDGE OF THE UNIVERSE 🚀**
+
+**TL:DR OF THE TL:DR: shorts r kill gme is moon**
+I had a Citi DoubleCash card with an $11,000 balance at 22.99% interest. My monthly payment was sitting at roughly $300 and for the first time since I’ve had the card, I was unable to make the minimum payment. 
+
+I contacted Citi over the phone and explained my situation. I didn’t have the funds to pay the minimum, and probably wouldn’t have the funds for at least another two weeks.
+
+Honestly, I was expecting them to tell me there was nothing they could do, and I’d be stuck with the penalty APR and late fees. However, to my surprise, they offered to lower the interest rate to 0% and drop my monthly payment to $190 which I would pay monthly over the course of five years until my balance is paid off. They also canceled my card, which I guess is a downside, but I had no business charging the card any further anyways, so I gladly accepted their offer. I asked them about any negative reporting to the credit bureaus, and they stated that as long as I paid every month, nothing negative would be reported.
+
+Can’t even begin to explain how happy I am. For the longest time I saw no way out of this hole. Finally though there is some light at the end of the tunnel. If anyone is struggling with credit card debt, I’d suggest you just give your lender a call and let them know what’s going on. You might be surprised with what gets offered to you.
+
+Edit: I’d also like to say that if you do decide to try down this avenue, definitely consider rejecting their first offer. The first offer they gave me was 5%/$250 month/5 years. I immediately rejected that and they came back with 0%.
+
+Edit #2: Did not expect this post to blow up like this. Thanks to everyone who offered the kind words, and for those who commented specific questions, I’ll do my best to answer them all throughout the day!
+
+Edit #3: Thanks for the awards too. :’)
+Eyo!
+
+As most of us are aware of, a lot of countries around the world are betting BIG on electric vehicles. After all, if we all want to live on this globe in 100-200 years, we must do something about our carbon emissions.
+
+And, for all those juicy new Tesla's and Voltswagens, we need batteries... and a lot of it. All materials that go into batteries are a HOT commodity, but especially anode materials, where only few companies are operating.
+
+Great anode plays are:
+
+* \- Nouveau Monde Graphite 
+* \- Talga Group
+* \- Gratomic
+
+Check out my  YouTube channel linked down below (Stijn Schmitz), where I've done a lot of due diligence on all these companies...
+
+But more specifically, I've just released my deep dive into Gratomic inc, a vein graphite play. Vein graphite is different compared to flake graphite for many reasons, so this company might be an awesome addition to your portfolio. Check the video out if curious:
+
+[https://www.youtube.com/watch?v=M\_2j18hOcAY](https://www.youtube.com/watch?v=M_2j18hOcAY)
+Hello Traders! Starting now on, every weekend discussion will be for Loss P\*rn and Gain P\*RN. We want to show off some gains and give rewards to the unfortunate who lost their mortgage  
+
+\- Use [Imgur.com](https://Imgur.com) or other links to show off your glorious gains, losses and recoveries 
+
+Still use this is a unfiltered discussion threads. Mention tickers you are happy about and tickers you will enter soon 
+
+**NEW SUGGESTION**: Add your entry, exit and stop loss for the positions. This is a community to learn
+
+**Downvotes are discouraged. Be friendly, Add** 🚀🚀🚀 **and happy trading**
+
+**Use $SYMBOL FORMAT**  ($BB or $[BB.TO](https://BB.TO))
+As seen here: https://www.cnbc.com/2018/09/28/teslas-musk-pulled-plug-on-settlement-with-sec-at-last-minute.html
+
+> Under the terms of the deal, Musk and Tesla would have had to pay a nominal fine, and he would not have had to admit any guilt. However, the settlement would have barred Musk as chairman for two years and would require Tesla to appoint two new independent directors, reported CNBC's David Faber, citing sources.
+
+>Musk reportedly refused to sign the deal because he felt that by settling he would not be truthful to himself, and he wouldn't have been able to live with the idea that he agreed to accept a settlement and any blemish associated with that, the sources said.
+I have a good amount of savings that I will need within the next 6 - 18 months and they are currently just sitting in a bank account.
+
+​
+
+I live in Europe, so from last month on I have to pay negative interest on that money in addition to all the inflation. I have a stock/etf portfolio already and I treat it like I don't see the money again for 10+ years. However, there is a good chance I'll need access to the other savings I mentioned above.
+
+Where can I invest those savings? I am not looking for good returns, only for >0% returns and low-volatility. Inflation hedged would be nice, but no idea how to approach that in times of 7% inflation.
+
+​
+
+Any advice?
+I understand that a P/E ratio tells me how much I should be willing to pay for $1 of a company's earnings. I understand that it's also a rough way to tell how long it'll take for your investment to pay off (i.e. A P/E of 12x suggests that it may take 12 years for my investment to pay off, though this isn't written in stone). What does EV/EBIT mean? If a company is trading at 5x EV/EBIT for example, what does that tell me as an investor?
+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!
+
+Welcome to the Daily General Discussion thread of /r/EthTrader.
+
+Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new).
+
+***
+
+The thread guidelines are as follows:
+
+-  Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread.
+-  All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above.
+-  If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep
+
+***
+
+ Resources and other information:
+
+* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education).
+
+* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto).  Account permissions are required to post comments through Reddit-Stream.com.
+
+***
+
+Enjoy!
+
+ This  is the 3rd time it has been delayed. I don't remember another rule related to the MOASS being delayed this long. According to their laws  once a rule is proposed and hits the Federal register it has 180 days to  be approved or denied. Yesterday was the 180th day for NSCC-2021-010  but they cited a sub clause that allows them to extend it one more time  for up to 60 days. The new date is April 8th. As far as i can tell the laws they use don't allow for another 60 day extension after that so it  should be the last but i will leave the link for other Apes to check for  loopholes. [https://www.law.cornell.edu/uscode/text/15/78s](https://www.law.cornell.edu/uscode/text/15/78s)
+
+The  Government is stalling for time like the useless Bureaucrats they are.  Remember these moments fellow Apes when the MOASS does finally come. Use  it to so you do not give into fear, tiredness, or the lies of con men  like Lou and sell your shares for any less than their true value.  Remember how long they have made us wait for something that we won  fairly. Time is money and they have wasted a lot of time. Each day the  price goes up! UNITED WE GET RICH, DIVIDED WE FALL! [https://www.sec.gov/rules/sro/nscc/2022/34-94168.pdf](https://www.sec.gov/rules/sro/nscc/2022/34-94168.pdf)
+Thus far I invest purely on a fundamental basis because it's the only strategy I can understand.
+
+However- because of fundamental techniques I'm literally priced out of tech I mean tesla at 1000 was expensive now its 1.5 so was 1000 ever expensive?
+
+Tesla makes no money as well so I cant help feeling its crash is not if but when.. same with Netflix, being in the negative profit with incoming competitors 
+
+I just dont understand I've got friends making 1-5% a week riding the "trends" and I dont even know what the fuck that means
+
+I dont know guys I'm a cautious person, but even I cant help feeling like an idiot only looking for value stocks right now
+Pregame
+
+Apes, we need to wake the fuck up.  The arrest of SBF and the collapse of FTX is not the climax of this story.  The real fight hasn’t even started yet!
+
+The bullshit “position close only” from the sneeze was child’s play. Major hedge funds and market makers colluding to save their ass was only the start.  Remember they committed insider trading on top of this bullshit. We have the proof that Kenny lied to Congress
+
+Hedge fund psy-ops wasn’t anything new. They have been force feeding retail investors their bullshit for decades. They broke down the process and plugged it into an algorithm. They used computers and the media to steal from everyday people.  ALL AROUND THE FUCKING GLOBE!!  Fuck that.
+
+They hired shills and bot farms to infiltrate different subs. Migrations had to occur. They bribed and flashed money at YouTubers and mods from older subs.  They boxed retail investors into a corner and told the government the government to either fuck off or help.
+
+They government obliged, and tried to railroad the man himself, DFV. For simply liking the stock.  When that didn’t scare people off they doubled down on the propaganda machine. Their system doesn’t work unless it is funneling money from hard working people into their pockets. Fuck that.
+
+Some super wrinkly apes saw some shady ass shit with old tickers.  They moved that fucking week and created an “opaque” market. To protect retail investors from buying up shares of companies hedgies had illegally shorted into bankruptcy.  They had to because they know we know they never closed those shorts.  They can move quickly when it’s their dick in the blender. Fuck that.
+
+Still more DD came out that they had hidden their positions in swaps. And once they realized that apes knew they straight up said they aren’t going to report on their swaps data! Looking at you CFTC and Mr. Behnam!!  They don’t give a flying fuck about retail.  Fuck them.
+
+They tried to railroad an ape who caught a certain market makers employees getting a really good whiff of their office desk late at night.  They’ve used intimidation tactics to keep certain stories out of the spotlight.
+
+They made some bullshit documentaries about the sneeze and about apes. “They want to destroy the economy” fuck you. If me holding a stock destroys the economy then it was bullshit to begin.
+
+Just a quick side note. And maybe there is an ape out there that can correct me if I’m wrong. THEY HAVEN’T EVEN BANNED PFOF FOR FUCKS’ SAKE!! Literally nothing has changed. Fuck that!
+
+They spend MONTHS FUD’ing the shit out of direct registration.  Then they spent MONTHS direct registering shares to inflate the count in an attempt disrupt the zen of apes all around the globe by selling those shares to crush the DRS numbers.  How did that work out for you Hedgies? Haha, dumb fucks.
+
+They’ve pumped articles shitting all over NFT’s and blockchain technology. “NFT’s are a scam, just digital art!!” They train to paint with a broad brush to trash the idea of decentralized exchange.
+
+Then FTX goes under. The CEO talks openly about how it’s a Ponzi scheme. He’s about to testify to congress and all the sudden he’s arrested.  Charged, not with fucking over customers of FTX, but they’re investors.  They will trash FTX for selling crypto they didn’t own.  But I know a certain hedge fund that has sold $65,000,000,000.00 worth of stocks but they ain’t bought Jack shit!!! How in the world is that any different from SBF and FTX? Spoiler, it’s not.  Fuck that.
+
+The fight is just now starting. Everything up to now has been a warm up. Shit is about to get biblical.  The system that has feed on the hard work of regular, everyday people is threatened.  The system has squeezed you since birth. They’ve built a way of life that is centered around debt. Debt you owe them. Born with, die with. They monetize it. They leech off it. Inflation they caused is squeezing food off families tables.  Fuck that.  They’ve squeezed us for everything we have. Now I’m out of shits to give.
+
+Throw the millennial CEO in jail. That doesn’t change shit. Until I see a bunch of boomer CEO’s behind bars, I ain’t selling. Until I see hedge funds drained of every last ounce of capital, I ain’t selling. Until I see new laws passed to outlaw the outright fraud in our markets, I ain’t selling. Fuck wall st and the horse they rode in on. I know exactly where I stand in this system. And until we have an open, transparent DEX that allows people to be their own bank, I ain’t selling. My investment is safely locked up in the great purple circle of the infinity pool. Hedgies, I’m not here for money… I’m here for change.
+
+💎💎🙌🙌🚀🚀🌕🌕🦍🦍🦍 🫡🫡
+Cheers and Happy Friday to you! I still recall the information you shared, and am thankful that you were willing to take hundreds of arrows and insults on our behalf. Just want to wish you and yours a spectacular weekend! Thank you, Thank you!
+
+(First try was blocked for being too short, I think I fixed it)
+
+And to All Apes, everywhere, have a spectacular weekend as well!
+
+APES!! I LOVE ALL THE ADDITIONAL THANKS AND COMMENTS TO DFV!! (Thanks for the awards but put that money to work for you, OK!!)
+Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows:
+***
+
+-  Discussion topics include but are not limited to general discussion on Ethereum, details related to events of the day, technical analysis, alternative Ethereum projects, and minor questions.  
+-  Breaking news or important content should be submitted as a separate post.
+-  Be excellent to each other. 
+
+***
+
+Thank you in advance for your participation. Enjoy!
+
+I love reading about people with established dividend portfolios and what they did to get to that place and how long it took and there future goals, if you care to share do so in the comments I’m sure other people would love the inspiration as well!!!
+I'm not sure if anyone else has been tracking this closely but as a young professional who is excluded from Roth Contributions I highly relied on the "back-door" Roth strategy. As a self employed individual I also have set up a Solo 401k to take advantage of the Mega back door strategy to get ahead for retirement for the first time this year (which looked like a huge waste of time right up until today). I am thrilled to see these provisions have been dropped in the most recent version of the BBBA Bill and look forward to seeing more details about this being dropped in the coming days.
+
+Edit: Linked article
+
+[Retirement, Mega Roth Provisions Dropped from Reconciliation Bill](https://www.asppa.org/news/browse-topics/retirement-mega-roth-provisions-dropped-reconciliation-bill?fbclid=IwAR2SL0iNwAccCbRjYcRCVk0o2O-8B2Bytohb75FAqCLExWWMc0qfXPMYI30)
+Here’s what Biden calls for:
+
+Direct payments of $1,400 to most Americans, bringing the total relief to $2,000, including December’s $600 payments
+Increasing the federal, per-week unemployment benefit to $400 and extending it through the end of September
+Increasing the federal minimum wage to $15 per hour
+Extending the eviction and foreclosure moratoriums until the end of September
+$350 billion in state and local government aid
+$170 billion for K-12 schools and institutions of higher education
+$50 billion toward Covid-19 testing
+$20 billion toward a national vaccine program in partnership with states, localities and tribes
+Making the Child Tax Credit fully refundable for the year and increasing the credit to $3,000 per child ($3,600 for a child under age 6)
+The plan is the first of two major spending initiatives Biden will seek in the first few months of his presidency, according to senior Biden officials.
+
+The second bill, expected in February, will tackle the president-elect’s longer-term goals of creating jobs, reforming infrastructure, combating climate change and advancing racial equity.
+
+Senior Biden officials, who have been working on the stimulus plan for weeks, also confirmed that the president-elect still supports $10,000 in student debt forgiveness. Biden will formally introduce the plan during a speech at 7:15 p.m. ET from Wilmington, Delaware.
+Hey Hey,
+
+Thanks for all your feedback regarding the Marc Cohodes AMA, let me reassure you, your voices have been heard. I certainly underestimated the reaction everyone would have - there were those who were interested in it to those who were against giving him a platform and many more views. The decision was made originally as it fell on journalistic integrity, to capture "both sides" of the story, regardless of that fact and the good intention of doing so - it's extremely hard to look over his past interactions with our community in one way or another.
+
+Reflecting on why we held AMAs in the first place, it was to gain more information and insight. However in our current situation, the DD has been done. Further AMAs in this realm only act as a form of entertainment and have lost their purpose of what they originally meant.
+
+Saying this, we will look to hold AMAs still in areas of interest that have not been fully explored yet, (i.e. Brad from IEX is a constantly requested AMA) or any new areas of research that pop up and could benefit from an expert.
+
+Therefore......
+
+We will not be hosting the AMA with Marc Cohodes and Lucy. If she wishes to interview Marc through her platform, we encourage that by all means.
+Do you hunger DRSBOT?! Do you want MMOOOAAARR!? Here you go! 2,000 more to fill your insatiable hunger. Fidelity made me do this. 11 million out of nowhere. Get bent you hosers! I can't believe we need a character limit for CS posts. Ah well. Buy! Hodl! DRS! 2 days til earnings! Not too many more until NFT marketplace! Do not lose hope! Even Burry was in the red for YEARS before his CDS play was green. We are close apes! We. are. close!
+
+Edit: Re-added image
+
+https://preview.redd.it/oyncg8jxhx381.png?width=1517&format=png&auto=webp&s=61d60d0bd9e4181806bd1b2faa01ab358a0131e7
+Bit of an interesting policy the Liberals have announced at their campaign launch.
+
+What's everyone's thoughts on this?
+
+Edit: UPDATE- Labor has announced they will match this policy, so it looks like it will be happening.
+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!
+
+Citigroup just aquired $3 billion fraudulantly. $180 million fine. Why would they ever stop doin this? its immensely profitable for them to cheat! Even if the fine was money stolen + $1 then it wouldnt be worth it. Does anybody get this?
+ 
+
+That’s a lot of money that's been locked up there too. USDC and other stablecoins were trading at a rate of 12%. They were going to reduce it to 10%, but with their second rate cut, it's now down to 8%. 
+
+They really stated changes a month in advance, with implementation set to begin soon, only to execute some completely different modifications with no warning.
+
+In my case, the 'flexible' interest rate has been lowered by 75%, bringing it down to 2%. I think that’s a good call to action to move elsewhere. There are a lot of other platforms with better rates, even if you don't have any platform tokens. If anyone is interested in transferring alternative platforms, I currently have the majority of my crypto on [Hodlnaut](https://www.hodlnaut.com/) and [Haru Invest](https://haruinvest.com/).
+Hey everyone
+
+So I've been doing FIRE for two years now. At first, it was good and (relatively) easy - I made low six figures and paid around $1.2k/month for shared housing in Sydney.
+
+However, I got a modest 2 bedder for myself this year...and found my bills to quickly start adding up. While I am sure a smaller mortgage is possible in other parts of Australia, the truth is I don't know a single person (including myself) who isn't half a million or more in debt due to property. Yes, I know I could have relocated interstate...except I can't take my job with me, leave my aging parents, or leave the friends I grew up with.
+
+Is there any of us in the major cities that have been able to continue FIRE with a mortgage? There's also the kids bit I don't even want to think about...
+
+EDIT: Btw this is [FIRE](https://www.investopedia.com/terms/f/financial-independence-retire-early-fire.asp)
+I'm new to real estate investing, I bought my home a year and a half ago and ever since I've been reading everything and watching everything I can on real estate investing. From what I can see the buy and hold route seems the best long term investment strategy for my goals and I am in the process of hopefully buying a 4-unit that is about 4 blocks away from me. All of the numbers look good and everything but I have been getting a lot of people telling me that I'm moving too fast and should start out SFH or Duplex. but the numbers on all of those aren't nearly as lucrative since I can hopefully get the 4 at the same price as most of the duplexes or single familys in my area. (I say hopefully because they were going to submit the best short sale offer to the bank today) Is starting out with 4 units a lot more difficult than only having one or two?
+Has anyone else realized this? I’m so tired of scrolling social media and feeling like everyone is trying to sell me something. 
+
+Weight loss programs, get rich quick schemes, influencers marketing crap, Facebook friends selling stupid nail art and beauty products, aesthetic companies trying to sell me Botox and fillers. 
+
+It makes me irrationally angry, to the point that I don’t ever want to buy anything because most crap is useless or superficial. I just want TIME and FREEDOM and I realize the only way to get these things is with MONEY. Anyone trying to sell me something is just chipping away at that dream.
+
+A part of me just wants to hide away in a forest and live off the land 😆
+
+Tell me I’m not crazy!
+
+EDIT: Here is the podcast episode I referred to in one of my comments
+
+https://www.npr.org/2022/01/14/1073199737/tiktok-made-me-buy-it
+I am new to the FIRE community, but not new to the desire to be FI and not need more income.  I’ve been working towards FI for about 4-5 years now.
+
+I am SE and own a blog that generates $500k a year after taxes.  
+
+Currently I work around 15-20 hours a week in the business.  This is scheduling/sending emails, proofing content, creating courses (the main income stream) and interacting with the community.
+
+At any point I could disconnect for months at a time if I want to.  I just need to be available for emergencies and plan marketing ahead of time.
+
+Now that I’ve really been getting into FIRE I am considering selling the business to FIRE now.  I could get between $2.2m - $2.8m for the business.  After taxes this would put our investments well over what we need to meet our goal of $6,000 a month in spending money.
+
+Since I am an entrepreneur I imagine I would eventually want another business.
+
+I also wonder if I already have what others are looking at adding after FIRE and would be making a mistake by selling.  I’ve read a lot of people say they will start a side hustle and many people start blogging.  This is already my income.  
+
+This month I am really testing the waters of just letting the business be really passive and not working my normal 3 hours a day.  I’m just doing what has to be done and then enjoying the rest of the day.
+
+Mainly, I’m curious what you would do?  
+
+If I sold the business and started a new blog later it would / could take years to be a significant income stream.  I do have a large audience now, so could start something before selling to get a head start.
+
+We also have another niche site that brings in $1500/m completely passive and could be sold.
+
+One other business brings in $2,500/m (our take) and is run by an employee/family member.
+
+If I was to start over today, my current blog topic is NOT one I would choose.  I am passionate about it only to keep it going.  I’ve lost a lot of interest in it over the years, but it makes the money so I stay in the industry.
+
+I would consider selling most of the business and keeping a small stake.  I have a lot of ideas and feel like the site has a lot of potential, I just don’t want to work full time and make it happen.
+
+At this point I really just want to do enough so it can stay passive.  Or sell it and take the lump sum.
+
+If I sold, I would likely start a new site in a completely different niche.
+
+Some extra info:
+
+I’m 33F, husband is 34M
+
+My husband does not work, he left his job when I started bringing in way more than he was.  We worked a business together for awhile and then this one took over and became the priority.
+
+We have one child (8)
+
+Our house is paid for 100% and valued at $750k (we paid $630k 2 years ago)
+
+We live in CA
+
+Current NW including house is 1.72m
+Hi all, I have inclination to move my ass out of the UK for personal reasons as well as political nonsense. I currently live and work in London, earning 65K/GBP a year as a developer.
+
+I have an active wish to own a flat and basically decided that London is impossible, Brexit or not. The prices are too damn high. I have a possibility to work remotely in cheaper UK cities while earning London money but it is not guaranteed to continue due to hopefully corona blowing over next year. If I was required to work from London to justify its wage, I'd be forced to resign if I were to buy in the UK.
+
+Overall, I am eyeing a few countries in Europe: Switzerland (due to its high wages and low taxes), Baltic states (good CoL and ok pay for developers), Spain (still expensive but can work from there legally due to company's presence in Spain).
+
+I also am looking to move around 50K GBP to euros or CHF. Wondering if people managed to do that without too many questions from Euro-country banks. I basically think GBP will slide further with no deal on the horizon and am aware I am taking gambling on this to happen.
+
+Any successful movers here from the UK to mainland Europe? Did you move your money with you?
+
+EDIT: I got EU passport, and am not UK national
+I am currently transitioning from being a student into full-time working life. I have been saving for years and have a few thousand in ETFs. One thing that's really starting to annoy me is that it's like I am being punished for being financially responsible.
+
+I am applying to 'public' young people (< 30) housing associations and one thing they keep asking is if you have wealth i.e money in mutual funds or shares. If you are considered 'wealthy' then you get less priority for housing. 
+
+So basically if I received my salary every month and spent every cent of it or even just stuck the money in my bank account without investing then I am higher priority for housing than if I invested it??? 
+
+To give examples:
+
+2k salary + 5k invested = no housing
+
+2k salary + 5k savings in bank = housing
+
+2k salary + fancy new car, no savings = housing
+
+Why should I be punished for investing my money and not spending all of it each month? It makes no sense. Is there a way around this? Can I claim that ETFs are not mutual funds or shares?
+
+EDIT: Obviously I am an idiot for questioning why people who make more than I do should have access to housing I don't just because they don't invest.
+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?
+This is from his latest podcast with Laura Shin. I was surprised to hear this as I had been under the impression for a long time now that it would be roughly 5-7%.
+
+edit:
+LINK: https://itunes.apple.com/us/podcast/unchained-big-ideas-from-worlds-blockchain-cryptocurrency/id1123922160?mt=2#episodeGuid=c616ecd7b2df6bcebeeeed77ec53a101
+
+edit2: starts @ ~35:20
+I about to go to Marine bootcamp and we get paid I intend on being a clown and we get free food and housing I want to throw my money into solid dividend companies while I serve
+Saw this Q asked somewhere else and thought it was a good Q.
+
+What lessons have you learned or had reinforces during lockdown?
+
+Tbh mine isn’t specific to lockdown as I had a few things happening prior to lockdown that just continued, but I’ll start with : always have an FU fund- so you can leave your living situation should you need to(which I did), never feel you have to endure sh*t because someone is related to you, therapy is a thing that’s worth investing in.
+Shortsellers are going after our favorite stocks to profit therefore we should despise them right? But are they all really bad? 
+
+Don’t just read articles and blog posts that confirm your view about a company. ***Right  now a lot of $TSLA & $NKLA shareholders are mad about shortsellers  going after their stock but in fact you should embrace it.***
+
+Shortsellers do research that you could ***never do on your own***.  In fact I would love it if someone would give me a 50 page report on  everything thats wrong with any of my holdings. I know whats right about  all the companies I own. What I want to know are the flaws, the  accounting issues ( if there are any ) etc.
+
+With Luckin Coffee Muddy Waters Research bought thousands of cups of  coffee from different branches and kept an eye on the customers. Thats  invaluable research and in the end they were right that the numbers  don’t match up. 
+
+They probably saved a lot of Luckin Coffee Shareholders from bigger  losses ( those who read the report). And of course short sellers should  get compensated for this work. There have to be incentives to do this  kind of work. Else nobody would do it. Don’t count on auditors which are  incentivized to look the other way and keep a paying client.When you’re  an analyst you can just say you think revenue will go up but you don’t  need to back it up. 
+
+Thats it. But when you accuse someone of fraud then you better have a  lot of evidence to support this view. Short sellers face potential  losses & lawsuit. If they are wrong they lose a lot. Thats why they  work hard and only release reports when they have enough to back up  their claim. Also what do Companies like Nikola have to worry about ? If  everything is fine then the Hindenburg report will turn out false and  they continue to enjoy a rising share price. **But what if the report is right?**
+
+If you are a Nikola shareholder then you should pay attention to it.  Read it and work this into your thesis for owning the stock. Is it worth  the risk? Maybe limit your exposure.But don’t ridicule the people that  release those reports. There is a lot of hard work & money behind  it.
+
+***Short sellers don’t do this for the fun of it.***  And if they are right they should be compensated for their work. I  would actually say that many short sellers work much harder on research  than a long analyst. After all they have to be right to make money. If  they’re wrong they won’t be able to enjoy market returns. They would  literally get wiped out. 
+
+​
+
+source: [https://welovevalue.com/short-sellers-are-good-for-the-market/](https://welovevalue.com/short-sellers-are-good-for-the-market/)
+Hello everyone, i am an legal immigrant with a green card in usa. I have been here for 1 and a half year. I have been working at Mcdonald's for 1 year and i am getting paid for 11 dollars per hour in Northwest Florida. 
+
+It is my first job ever i had and i don't have higher education than high school. I wanna make my life better. Go to school, get a better paid job with better benefits. Because i don't get paid more when i work on holidays, i get 1 week paid vacation, i am being on my feet all day long, it is so hard on me because i have flat feet. I hurt 24/7. I don't even wanna go to walks after i am done with job that day. Can't even exercise because of the pain. Ruins my life. 
+
+I don't know where to start. I was good at my school back in my country. So i am just thinking going college or university that i can afford. Do i need to get SAT? Is it better if i get it? Can i get scholarship if i get good score on SAT?  
+
+Or is there any jobs that i can find, pays better and i can train myself for it and land a job. I prefer working at home>working in office>working in a sitting down job>working on my feet>working in a fast food restaurant. :D 
+
+I just don't know what to do. I was reading a lot of stuff to figure it out, i have no family in here and no support, so there is nobody to enlighten my road. 
+
+Thanks everybody who gives me their opinion. It is my first post, i am sorry if i posted it in a wrong section. 
+I recently read this Forbes article and wanted to share my own experience. 
+25/M
+
+[LINK](http://www.forbes.com/sites/cameronkeng/2014/06/22/employees-that-stay-in-companies-longer-than-2-years-get-paid-50-less/)
+
+While the author of this article makes a number of assumptions in his model that I disagree with, the point remains that "job hopping" can help you achieve your financial goals significantly faster than scrimping and saving can. 
+
+I recently worked for a company where I was miserable. I had a manager who was a jerk, a workload that was unsustainable, and nothing I did was noticed or appreciated. I was given all the responsibilities of a manager, but was making less than the kids coming straight out of school despite being their 3 years. I had been a top performer for years but watched other people get ahead (oddly enough, they all happened to be related to the right people in the company). While my pay was way below average for my job and my responsibilities, that had little to do with my reasons for seeking employment elsewhere. 
+
+For 2 years I applied to companies. I applied almost everyday, to any worthwhile company I could think of. I applied for job after job, filling out the exact same information over and over and over. I had 6 interviews with very solid companies over these two years, but just couldn't get an offer. During this time, my interviewing skills got better and better, and the practice I think was invaluable. I finally got a seventh interview and nailed it. 
+
+Here's where I was shocked. They offered me 40% more than I was currently making. It was the same number I wrote for my desired compensation, so I did not attempt to negotiate, only because I thought it was extremely fair. I went from 50k a year (actually a less because it was highly tied to their stock which has tanked!) to 70k. They paid relocation as well. It would have taken me at least 15 years to get to that rate at my old company had I stayed. 
+
+Now I know my story it atypical, and that conservatively you should get at least a ten percent increase when changing jobs, but I think you should set the bar higher. Don't sell yourself short and tell them you want a 20% raise. If you have the skills they need and can command an even higher rate, don't be afraid to ask for what you think you can reasonably ask for! 
+
+I think job hopping should be recommended by every college in the country. It has drastically improved my ability to save money for the future and significantly changed my financial life for the better. I'm maxing my 401k now and can save almost 2k a month for a house someday. 
+
+Don't be afraid to see what else is out there!!! It might take 7 interviews but it's worth it!!!
+
+Oh, and I'm loving the new job. Night and day difference. 
+Since January, I have been in this thing, and over the last 8 months, some things have not sat right with me regarding the GME narrative. All the time, GME was "supposed to be the moon," but it doesn't despite a large amount of catalyst.
+
+At this point, I think we all know this is bigger than a few hedge funds that made some bad bets.  I have seen people saying things like this and really have been thinking for a while that it’s not really about GME, but rather it’s about not getting the blame when the market crashes. GME is just the fly in the soup.
+
+I heard mention and entertained the idea before but got really intrigued by it after the debt ceiling wasn’t raised. That is when I started digging in more.
+
+**TLDR**: **All parties are playing the game "don’t let the market crash" and appear to be on the same side, but also, no one wants to walk away with the blame. The DTCC, SEC, and possibly other powers in charge know that GME is the one with the "RED BUTTON" and can set MOASS (Mother Of All Short Squeezes) off. All parties prefer handling this in a way that the market does not crash. 🚀🚀💎✋ 🤚**
+
+The information that has come out since august has really had me playing things out and thinking what had changed since the January Yolo’ when we thought we were days away from margin calls. We have learned so much and exposed so much. Here is what I see when I take a step back.
+
+**THE GAME**
+
+"Don’t let the market crash."
+
+**THE PLAYERS**
+
+* **SHF** \- Shorting Hedge Funds
+* **Financial Institutions**  \- Banks, Prime Brokers, Insurance Companies, Investment Banks, etc.
+* **Fed** \- JPOW with his money printer
+* **Congress** \- Big works but few actions since the 08 crash.
+* **DTCC** \- Depository Trust & Clearing Company manages risk in the financial sector
+* **GME** \- Gamestop
+* **SEC** \- Regulates the markets and "maintains fair and open markets" lol
+
+**SHF** \- They made bad bets and caused high market instability. In January, it was identified large enough to crash the market. It was stopped somehow through the restriction of buying in meme stocks. With the lack of buying power, the stocks plummeted down. Many SHF may have been close to margin calls before the market was restricted as there have been several recorded cases of GME selling over 4 figures a share.
+
+https://preview.redd.it/zk4f1cid2zj71.png?width=1284&format=png&auto=webp&s=337313b1f0c516f415d13e576241e9c69ab8a6e2
+
+\#1 and #8 of the top 10 losses in Wall Street are related to GameStop and equal almost $15 Billion in losses. Since we have seen no evidence of these losses being covered, it is assumed that these are paper losses at this point and would not be seen until margin calls are enforced. Just Melvin Capital and Archegos Capital have 5-7X in losses more than GME market cap before the January run-up, where we can assume a majority of the short positions were placed. Once you add other SHF that may have gone short on GME, it makes 100%+ short positions very probable.
+
+​
+
+https://preview.redd.it/prpthvbjvyj71.png?width=2778&format=png&auto=webp&s=63e4761ee2d555c9803cb13f731a4c0e8644e3e4
+
+**Financial institutions** have too many deposits and cash on hand and need them off their balance sheet, so they don’t get margin called and possibly default. Prime brokers may be the most at risk  - being blamed and to foot the bill, since they allowed SFH to facilitate these short positions on their margin accounts.
+
+**FED -** They are trying to keep inflation down through the use of the RRP. Since March, they have more than tripled the $$$ amount of reverse repos going through this program. If they taper QE (Quantitative Easing - The Money Printer), it could cause a taper tantrum similar to what happens in 2013, where the market took a big drop after announcing they would start taper back on QE. On the other hand, if they don’t keep inflation low enough, it could create a sell-off that could crash the market.
+
+​
+
+https://preview.redd.it/r8cjnhbx3zj71.png?width=1284&format=png&auto=webp&s=40be5188e3a81b9740eed8c3df2c661af73169ea
+
+**Congress-** These are the leaders people are looking to for answers and hold the other parties accountable. On July 31st, they failed to pass anything to keep the mortgage forbearance and evictions from being stopped. They also did not raise the debt ceiling. There is a chance the US could default before October 1st. They seemed surprised by the deadlines when they did not pass anything and left day for a 6-week recess until mid-September. The treasury is also running out of cash at a fast pace. 
+
+​
+
+https://preview.redd.it/axvtz4794zj71.jpg?width=1255&format=pjpg&auto=webp&s=27f2a378dfc3e21c1e326d31c0c4acf224eb9d41
+
+**DTCC -** In January, due to possibly the meme stocks, they saw the massive damage in the market that might happen from SHF. They have passed more regulations in the last 8 months than possibly the last few years, if not longer, around how a default/margin called would be handled and preventing the situation from happening again.
+
+Despite being able to enforce the policies they already have, they create new ones to make the system better. SHF have not covered yet and may not be allowed by the DTCC because of what might happen if the large liquidation happens due to margins calls (Sept 1 from the June 4 article) which would cause massive volatility and create a huge sell-off crashing the market.
+
+On Feb 24th ( after the congressional hearing and 2’nd run-up), the DTCC changes the date of their liquidity test from the same date in August that they used in 2019 and 2020 to April 26.
+
+[https://www.dtcc.com/-/media/Files/pdf/2021/4/20/GOV1082-21.pdf](https://www.dtcc.com/-/media/Files/pdf/2021/4/20/GOV1082-21.pdf)
+
+Right after that test, they scheduled another test around 5/12 to test it again (probably cause the first failed)
+
+Then on 6/4, we have the release from DTCC that they expect margin calls as they roll out their new system.
+
+[https://www.dtcc.com/dtcc-connection/articles/2021/june/04/are-you-ready-for-uncleared-margin-rules](https://www.dtcc.com/dtcc-connection/articles/2021/june/04/are-you-ready-for-uncleared-margin-rules)
+
+​
+
+**GME** \- Ryan Cohen created an impossible turnaround in less than 12 months that nobody could predict (unless your burry or 🐱 ), which exposed a massive amount of fraud in the market. RC has turned the company around and has created the same strategy used in Overstocks Short Squeeze to expose the illegal shorting.
+
+With the GME crypto dividend, they could use it like overstock did to stop the SHF from manipulating the stock, except they have added the NFT component. This component may be the key and how the Overstock squeeze was stopped eventually since they did not have it. We don't know how high Overstock could have gone to because it was stopped early.
+
+GME has all the tools in place but is giving the DTCC time so that GME does not cause the crash and has made it clear that if they lose trust with the DTCC, they will 🚀to the moon. As in the video GME posted on 8/12, they left a message, “THERE IS NO ESCAPE!  💎 THIS IS CANON” - (4:20 on video ) -[https://youtu.be/Z3TgEFbdwkY](https://youtu.be/Z3TgEFbdwkY)
+
+​
+
+​
+
+https://preview.redd.it/th9cq8e72zj71.jpg?width=1284&format=pjpg&auto=webp&s=ad31f7f2a5b7f750c35702eee2bd9f46bb9b2ecc
+
+​
+
+**SEC** \- They are obviously a player in this and, over the last 8 months, have started to vocalize that they have eyes on bad actors and support for retail investors. While nothing meaningful has been done on their end, they seem to be positioning themselves on the side of “ we were onto them” if the market crashes.
+
+We will have to wait and see if they will do anything to help the retail investor or continue to play politics and look like the hero.
+
+​
+
+**MOASS was stopped in January, possibly by the DTCC**
+
+After the congress hearing, the DTCC needed to make their systems work! They immediately moved the test date and, after it failed, did another test. 
+
+After that test may or may not have succeeded, they announced the launch date of their new system and margin calls on September 1st.
+
+Based on the timeline from the DTCC actions, it seems that they are fully aware of the danger of GME, and they possibly picked that date to encourage GME not to launch the Crypto dividend until they have the system in place so GME does not crash the market.
+
+​
+
+**FED says they will taper in October because they possibly expect the market crash to unfold before their meeting in September.**
+
+JPOW even mentioned it today during his conference. In the past, when the FED mentioned starting tapering, the entire market dumped hard. There are fears of this rising as the conversation around tapering grows.
+
+https://preview.redd.it/468f3mha3zj71.png?width=1284&format=png&auto=webp&s=d24f04b7a1523fc3b5e1ae662af85ea37275ede3
+
+​
+
+**The debt ceiling is a ticking time bomb.**
+
+$284(b) until U.S. defaults on debt
+
+**Congress split! 6-week recess.**
+
+After not passing anything to help the situation and acting surprised by the events, Congress left for their 6-week recess.
+
+https://preview.redd.it/6a62u6sb4zj71.png?width=1284&format=png&auto=webp&s=ac23ced9814d027af52bd55550825ee1521b7005
+
+​
+
+**DTCC says margin calls on Sept 1st** 
+
+​
+
+​
+
+https://preview.redd.it/juhmin1z1zj71.jpg?width=1284&format=pjpg&auto=webp&s=1840887576f4b4f924ff237a34ba718f11e5b9c5
+
+​
+
+**Historical patterns of volatility during the end of quarters and 08 was a September crash.**
+
+​
+
+​
+
+https://preview.redd.it/xop35gy42zj71.jpg?width=1284&format=pjpg&auto=webp&s=eeec28e03488860e49710a17b29e09e6cd4738cf
+
+**RRP over 1 trillion several times, including the last 13 days in a row**
+
+​
+
+https://preview.redd.it/u7acke1u1zj71.jpg?width=1284&format=pjpg&auto=webp&s=ee7187170ee4b413253e4ff4200ee72aeb25cbf0
+
+**GameStop Dividend may be ready with a possible Sept 1st launch date with the upcoming earnings.**
+
+​
+
+Gamestop has to give a few week's notices before they release their Crypto Dividend. They may be waiting until 9/1 to time the announcement with their upcoming earning call!
+
+​
+
+It seems like some of these parties believe things are about to 🚀 . No one wants to be blamed or be the bag holder in this. It may be a question of which party is the most leveraged and has the most risk.
+
+**P.s.**
+
+**Tinfoil hat theory -** with the surprising rise of the DELTA variant and push towards restriction, mandate policies, and possible lockdowns, fear is spreading.
+
+What if the DELTA variant is a convenient scapegoat for all parties to stop kicking the can and let the market crumble. 
+
+If something did happen in early September, the supply chain would be destroyed instantly (rather COVID or crash), and unrest would build because when the second factor comes, things will get worse. 
+
+It may be why they are expecting civil unrest towards 9/11. This announcement came out even before things escalated in Afghanistan.
+
+https://preview.redd.it/9keugtqv2zj71.png?width=1284&format=png&auto=webp&s=620acb771f18e55d58253f6fda2c856222a25af1
+[Code Section](https://imgur.com/a/fsqZxzI) from https://www.law.cornell.edu/uscode/text/7/2
+
+The CFTC is required by Federal Law to do the reporting that the then president of the CFTC elected to suspend until October 6th, 2023. That seems like something that one may be able make some sort of case to sue for access to. However, that may not be necessary because there is a regulatory body named in the code section that may have needed to review these swaps.
+
+[The Office of the Comptroller of Currency](https://www.occ.treas.gov/about/index-about.html) being a part of the Federal Government should be subject to public records requests.
+
+Has anyone reached out to this agency yet? I would be happy to make a records request myself but I don't really know the details like report titles to make a fruitful attempt. If anyone could provide more information that would be great!
+
+Edit: A granular list of items would be helpful otherwise I will likely just be calling their office on a lunch hour this week to see what they will freely volunteer! Or even better, someone fluent in swaps does this instead of me xD really easy to make a request yourself https://www.occ.treas.gov/about/connect-with-us/foia/index-foia.html
+
+Edit: u/Aon333 linked me to this [press release](https://www.cftc.gov/PressRoom/PressReleases/8422-21) from the CFTC that I understand to mean that maybe the CFTC doesn't even have accurate data on GME related swaps because they deliberately covered their eyes to maintain plausible deniability while helping the shorts hide their mess. Does not seem like it is in the spirit of the Dodd-Frank Act and potentially illegal and why the president retired shortly after? Would be curious if anyone at The Office of the Comptroller of Currency could speak to any irregularities in reporting since last October.
+* 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.
+
+​
+
+https://preview.redd.it/t1bf5isf5eb71.jpg?width=1000&format=pjpg&auto=webp&s=bf1b40ef7e516cd51e511082fd6cdd679b40dabc
+“We’re looking for someone with experience “ but how can you get experience if you can’t even find a job?? Plus I felt like they were ones pushing this worker shortage nonsense when it wasn’t true.
+**"IOU's goal is to be one of the leading digital transaction processors in the booming cashless economies of South East Asia."**
+
+IOUpay is a mobile banking service that provides e-wallets, payment processing, and bill payment services throughout South East Asia, both for the banked and unbanked. Allowing individuals without traditional bank accounts access to pre and post paid billing services, as well as engage in traditional commerce and e-commerce transactions for general goods and services. According to IOUpay - approximately 200-300 million people in South East Asia either have no access to banking facilities, or are underbanked, relying on their phones for daily interaction with the internet, and therefore a majority of their banking.
+
+There has always been a significant issue with underbanking in South East Asia, with limited options for credit and other banking services. South East Asia is also one of the fastest-growing internet economies. Combine that with the fact that around half the population are under the age of 30 and you have significant room for e-commerce growth long-term.
+
+IOUpay is already one of the largest digital transaction services and payment processors in Malaysia, with recent acquisitions and agreements putting them in a good place for significant growth in to other South East Asian countries, and in a healthy position to capture some excellent market share of the predicted US$1 trillion in digital payments expected by 2025.
+
+**Share Price**
+
+* Last close - $0.44 (up 183.87% for the week)
+* Market cap - $198,212,109
+* Shares Issued - 450,482,065
+
+**Management**
+
+* CEO - Khong Kok Loong
+   * 30 years experience and relationships in the South East Asian tech sector
+   * Most recently Technical Director of Malaysian national payment gateway operator IPay88
+   * Proven track record in fintech platform and product development and strategic commercial development
+* CFO - Kenneth Kuan
+   * 20 years commercial and corporate law, finance industry management, regulatory compliance, and mergers and acquisition experience from Malaysia, South East Asia and Australia
+   * Bachelor of Law (LLB) Hons (1997) from University of South Wales, United Kingdom.
+   * History as Head of Credit and Receivables with largest Malaysian publicly listed non-bank finance company AEON Credit Berhad
+   * Was a senior consultant with Ernst & Young Malaysia
+* CTO - Lau Teck Huat
+   * 22 years of system integration with network management and complex problem solving.
+   * 16 years integrating and managing front and back in systems in the stockbroking industry
+   * 6 years as CTO of financial data and terminal provider DZH International
+   * Head of System and Network Infrastructure of iPay88 where he worked with the CEO of IOUpay for 6 years
+   * Has worked closely with all major e-wallet and digital cash providers in South East Asia including Grabpay, Alipay and WeChat
+
+**IOUpay Platform**
+
+The platform itself has two main pillars - Mobile banking and Digital Payments. Focusing on the following six containers to drive growth.
+
+* Secure communication
+   * Originate new customers
+   * Data driven product offers and marketing campaigns
+   * Secure and scalable
+* Credit Scoring
+   * Pre-approved limits and individual payment approvals
+* Customer onboarding
+   * Existing customer engagement and new customer acquisition
+* Bill Payments
+   * Purchase and resale of inventories (prepaid airtime and internet data, electricity, water, parking, insurance)
+* Processing purchases and payments
+   * General goods and services
+   * E-commerce
+   * In-store products and services
+* Account debiting
+   * Merchants and consumers
+   * Checking and savings accounts
+   * Credit and debit cards
+   * E-money payments
+
+Benefits to consumers include easy access via internet and phone applications, available to anyone with a phone so it's easy for the underbanked or unbanked to utilise, it's fast, and it's cost effective.
+
+Benefits to brands and merchants include seamless integration, low cost, secure, access to credit data and, increased merchant sales growth as it provides seamless engagement.
+
+​
+
+**You'll notice up until this point I have not mentioned their Buy Now, Pay Later service, which has only recently been announced and is yet to be fully rolled out.**
+
+​
+
+December 2020 Quarterly Report & Business Activity Update Highlights (29/01/2021)
+
+* Acquisition of Malaysian Money Lending Licence required to operate BNPL services
+* BNPL processing capability and large scale distribution channels secured with merchant services agreements signed with two of Malaysia's largest payment gateway providers and a leading bank
+* Core platform capabilities for BNPL rollout successfully completed
+* BNPL Platform modules for merchants and customers completed
+* BNPL signed merchant rollout plans underway with soft launch commencing in Feburary
+* Mobile banking revenues up 85% for the quarter
+
+(as well as other highlights - document available via their website or ASX News)
+
+**The Recent Rocket**
+
+This week IOU shares rocketed with news it had entered a merchant referral agreement with EasyStore Commerce. EasyStore services more than 7000 merchants across Southeast Asia. A recent article on The Market Herald has also highlighted that it is looking towards the soft launch of its BNPL service in February and March in Malaysia, with expansion into additional South East Asian markets to continue from there.
+
+**TLDR**
+
+Prior to the announcement of the acquisition of a Malaysian Money Lending Licence and the upcoming rollout of its BNPL service IOU had been trading in the $0.13-0.20 range. The announcement of BNPL services of course caused it to surge. But IOUpay is much more than just a BNPL company. It's providing a mobile banking service to a young, up and coming internet economy, in an underbanked environment with plenty of runway for economic growth.
+
+​
+
+**Disclaimer**: I am not currently invested, I was intrigued by the surge in stock price and thought I would investigate. Would I invest right now after the recent stock surge? Probably, I'm a degenerate after all. But regardless I do think mid-to-long term IOUpay is one to watch.
+
+​
+
+What are all my fellow autists and degenerates thinking?
+I watched a lot of TastyWorks and Option Alpha videos on YouTube learning about credit spreads and I don't understand the math behind taking your trades off at 50% of max profit. If your trading $2,000 worth of risk per trade, making sure to get about 30% of that in premium, that means your max return is $600, but if your always taking your trades off at 50% of max profit then your only making $300 per trade. That means it will take 7 winning trades just to break even off of 1 loss.  
+
+
+I get that taking your trades off early means you can redeploy your capital faster and it means your taking less risk since the trade is open for a shorter period of time but, that still means just 1 loss sets you really far back so on paper it sounds like your really just going to break even in the long run  
+
+
+Is there something I'm missing or not understanding?
+We are spending this month in France, leaving behind our house vacant in the UK. It is a Victorian listed property worth about $2m.
+
+Some are suggesting we try home swapping instead of Airbnb but wife is unsure about this.
+
+Anyone experienced with primary home exchanging? I found a few websites that offer introduction services to other home owners but wonder what others' experience is.
+
+It sounds like a terrific idea on paper at least, since we intend to spend every August away for the next 15 years.
+edit: thank you all for the outpouring of support. I am going to continue with the screening process. Upper-lower class, here I (hopefully) come. 
+
+Like the title states, I was interview and received an offer for a government job making more than I would anywhere else. But a combination of over-extending myself financially and the pandemic shitting on me has me in financial ruin. There is no way I would pass a credit check to obtain security clearance. My husband thinks I should try anyway, but I don't want to open myself up to that level of humiliation and rejection.
+
+I get it, but at the same time, fuck.
+Hello all,
+
+I have done extensive research and spent hours studying charts and diagrams, comparing the last few months to previous Crypto cycles. The conclusion?
+
+*The bull market has only just started.*
+
+Reason 1:
+
+This chart (Figure 1) indicates we still have a long way to go before we reach the peak of the bull.
+
+​
+
+[Figure 1. Upwards movement of crypto over time = profits](https://preview.redd.it/rmiguhcw7bc71.png?width=220&format=png&auto=webp&s=dd1e3dc029d62543283f1ea8fecfe28e200de974)
+
+​
+
+How can you argue with this clear indication of upward momentum? This is a strong market indicator that the market is healthy.
+
+​
+
+Reason 2:
+
+There are huge profits still to be made. The average investor can expect to see this (Figure 2) in their wallets by the end of the week....
+
+​
+
+​
+
+[Figure 2. Money and profits are good to have](https://preview.redd.it/hs3jcjdd8bc71.png?width=293&format=png&auto=webp&s=d08f23b968967d1c12d3a7b84c2c8528bb76ad46)
+
+​
+
+If you don't like money, sell now. I guarantee anyone who holds will receive MONEY if they hold for the next couple of days.
+
+​
+
+Reason 3:
+
+I personally don't want to lose any money. I would rather have profits now than wait a couple of years. Therefore, we have to be in a bull market or I will scream.
+
+​
+
+Thank you for reading. Please do not refer to me as the Saviour of Crypto, as I am extremely humble and just want to help you all.
+
+​
+
+Edit: Thank you all for the awards and comments!
+Tech companies keep dropping big time. I'm in a spot right where I have a little cash to invest and once I buy it will be a while (I have no idea how long) until I can afford to start regularly investing again.
+
+Eyeing up TEC as my portfolio does not have much in the way of tech companies.
+
+Do you guys think I should jump on this or wait? More room for pain in tech?
+Been living in a property I own, but am moving 3 hours away for a new job. I don’t really like the idea of being a landlord from that far away, so I’ve been considering the idea of a rental management company. Seems the average fee they take is around 10% of rent, which would pretty much give me negative cash flow, especially after factoring in maintenance costs. 
+
+I’ll be making enough to afford losing money on the rental each month. I’m trying to avoid selling as I don’t want to lose exposure to the real estate market, I don’t have any near term plans to buy property in the new city I’m moving too.
+[How I went from $35K to $1.75M \(50X\) in less than a year](https://preview.redd.it/fsabjzo13c761.jpg?width=1242&format=pjpg&auto=webp&s=3562fc1720f4a9dc5dffd7e215595078dd01d6b5)
+
+# [Introduction](https://pbs.twimg.com/media/EMpQn-QWoAI309S.jpg)
+
+Gather 'round retards and autists. Grab a mug of [eggnog](https://pics.me.me/mmmmm-eggnog-when-you-drink-it-try-not-to-think-about-49090075.png), find a cozy corner in your mom's basement, and enjoy the tale of SIR JACK A LOT.
+
+In this post: I'll go over my trading history, my strategy, my philosophy, and also systematically destroy every accusation and idiotic question made against me in the last week WITH RECEIPTS. No one doubts motherfuckin SIR JACK A LOT.
+
+**Disclaimers**
+
+Privacy is important to me. I wish to stay anonymous. This is not financial advice, just my story.
+
+# Ghosts of Christmas Past
+
+**Chapter 1: Crypto (2017-18)**
+
+How it all started... I threw every last dollar I had in ETH at $12 and swing traded a ton of shit coins and ICOs until it all came crashing down.
+
+In short: turned $8K into $300K and back to $30k but owed the IRS \~$120K since all the gains were calculated at 2017-year-end. I royally fucked myself because I didn't set any money aside for taxes. Ended up in debt to some very bad people and things were very dark, I don't like to talk about this time in my life that much.
+
+**Chapter 2: WSB Tuition (2018)**
+
+First learned about WSB in 2018 from the infamous FB [ER put play](https://www.reddit.com/r/wallstreetbets/comments/922gtp/facebooks_put_play_from_yesterday_im_20_time_to/) by /u/YungBillionaire turning \~$28K into $451K overnight. That sounded fun.
+
+Quickly learned about options but most importantly about FDs, tendies, and the power of memes.
+
+Back then it was all about trade wars and hanging at the whim of commander cheeto's supple tweets.
+
+I have fond memories of:
+
+* Apparently the first stock I ever bought on Robinhood was [HMNY](https://imgur.com/a/2AsrVQB)... thanks Robinhood Recap for the reminder of my retarded-ness
+* Grew my first set of winkles on my smooth brain with AMC calls. The thesis was that their Stubs A-List subscription was doing pretty well according to /r/AMCsAList back then
+* Went all-in MTCH weekly puts with $12K clenching my stomach in the fetal position when all of a sudden there was a [lawsuit](https://www.bizjournals.com/dallas/news/2018/08/14/match-group-faces-2b-lawsuit-from-tinder-co.html) and I tripled my account in minutes, pure luck
+
+Still ended up losing $30K and swore off options forever... until 2020 where I lost another $10k in options. Fucking weeklies man, they're like if cocaine and blackjack made a dopamine-infused baby
+
+[WTF is up with the snowflakes Robinhood? So gay, instant short when it IPOs](https://preview.redd.it/cm95k7f43c761.jpg?width=1242&format=pjpg&auto=webp&s=806ab5dc60f841ab326aec4ae3f5f39ee8312847)
+
+# Ghosts of Christmas Present
+
+**Chapter 3: Road to $1M+ (2020)**
+
+Let's start with the receipts since that's what everyone's interested in:
+
+[Proof that I started Feb 2020 with only $35K](https://preview.redd.it/u17ezkgm5i761.png?width=714&format=png&auto=webp&s=c43b917b12aed8a84b30a43f329020b5def45e39)
+
+Vanguard is my 401k provider and their self-directed brokerage is provided by TD Ameritrade which is why you see screenshots from two different apps. Started the year with $11K in 401k, deposited $26K more in Jan and then started trading in Feb with $35K. The $49K withdrawal in June was for a 401k loan to buy a Tesla.
+
+[Looking at this all-time graph gets me so hard](https://preview.redd.it/vufh3f4b3c761.jpg?width=1242&format=pjpg&auto=webp&s=0f708f141f1c9177f212aa271e443eab5be3fd18)
+
+In my first run up to June, turned $35k into $850K (APT, CODX, NCLH, CHWY) and decided my luck was too good and needed to "cool down". Decided to withdraw $50k for a Tesla and stayed away from the markets for a good 3 months thinking the market was going to go back down again...
+
+But it didn't, the market kept rallying and I got the tendie tingles. My first move in Sept was to go all-in on WORK and bought at the high of $35 and was immediately down -30% thanks to their shit ER. They recovered a bit in the weeks afterwards and then jumped into CRSR which made me a millionaire and then GME. GME also shit the bed with a -20% ER but recovered swiftly thanks to Lord Cohen and recently jumped into STIC for that final spike up.
+
+**Chapter 4: Explaining every trade**
+
+[Proof of every gain\/loss I've ever traded \(except APT history which was in Vanguard\)](https://preview.redd.it/mheen4rd3c761.png?width=906&format=png&auto=webp&s=504af2cd40b63d276fb42bb83c11bc85c6c1e18f)
+
+My strategy is going all-in on a single stock all-shares. The idea is to have a thesis and conviction with that trade. I stay in the trade until the thesis is invalidated or another opportunity arises, it's a simple strategy and it's worked for me so far. My account does not allow options or margin trading.
+
+Here's a few theses and history I remember in hopes folks can learn something:
+
+* **APT/CODX** \- It was obvious to me in Jan/Feb that this coronavirus was the real deal. The trick was to look at the facts and not the noise. There was a fake [viral video](https://timesofindia.indiatimes.com/times-fact-check/news/fact-check-are-these-wuhan-residents-screaming-and-begging-for-their-lives/articleshow/74062839.cms) of blood-curdling screams from Wuhan apartments that was so obviously fake but western media loved it. On the other hand, Wuhan built a makeshift hospital in just [10 days](https://www.youtube.com/watch?v=3Sh7hghljuQ), that's real action the government took and showed me how seriously dangerous this new virus was going to be. So I loaded up on APT, a mask stock, and rode it up and then switched to CODX, a testing stock, and rode that up from $11 to $24 selling right before their botched ER (conf call with no queue and everyone talking over each other lol)
+* **NCLH** \- Saw a curious spike in volume on May 14 with a move upward, piqued my tendie tingles again. Decided it was worth an all-in at $10.57 as the support of $10 was pretty strong. The mood at the time was that coronavirus was waning (I knew it was wrong but the market was emotionally optimistic) and fortunately it caused NCLH to moon and I sold at $19.75 on June 4 even though it kept mooning to $26 over the next 2 days
+* **CHWY** \- Got a dog, it's cute. Pets + E-Commerce during a pandemic, easy money. Bought at $41 and sold at $46 only because I thought it was moving kind of slowly. Well I was pretty wrong, now it's at $104
+* **SQQQ/TVIX** \- I tried being a gay bear for an hour and lost money. Don't ever be a gay bear
+* **CRSR** \- Been watching a ton of tech review and PC building YouTube channels and subreddits and the "enthusiast" crowd is definitely larger and has bigger wallets than people think. There is fucking [keyboard typing ASMR](https://www.youtube.com/watch?v=P6gW18XE6EM) now and ebay reviewers THANKING scalpers for charging them 2-3x MRSP. Biggest generational jump in GPU and CPU in a while and recently IPO-ed Corsair was definitely gonna benefit from this new generation of gamers was my thesis. Went all-in at $24 and sold at $36 after a non-stop run even though it kept running all the way to $51. No regrets, profit is profit.
+* **WORK** \- It was the only "WFH" stock that didn't moon yet, thought it deserved a chance was my thesis. Went all-in at the tippy top of $35 on Sept 2 and it immediately kept crashing all the way to $24 in 5 days. Fortunately it recovered a bit and sold at $32 for a loss since I gave up hope and it seemed to be running out of steam
+
+**Chapter 5: GME Gang Confession**
+
+Now: I have a confession to make. My conviction for the Gamestop MOASS is insane. Had 88,233 shares at $13.04 buy-in with a $120 stop limit. Listening to this [90-min podcast](https://anchor.fm/modernguilt/episodes/EP27--NEXT-STOP--GAMESTOP-MOON-BASE-ensdq6) of /u/Uberkikz11 going on about how he knows more about this company than any mortal human should gets me so friken hard every time.
+
+But. That -20% ER drop hurt me on a spiritual level. Watching my account go from $1.5M to $1.1M at one point gave me Taco Bell-levels of stomach cramps.
+
+So when it bounced back to $15-16 on no news on Fri, Dec 18, I felt like I needed to "cool down" again. It was going into the holidays with a British virus mutation on the way and hedge funds [manipulating](https://www.youtube.com/watch?v=gMShFx5rThI) to get their holiday bonuses, it felt kind of dangerous. And no way Ryan Cohen would be working with his lawyers on something that fast over the holidays, right?
+
+So I sold all my GME at $15.50.
+
+Then on Mon, Dec 21 morning, Lord Cohen drops his new 13D/A... but the stock price stayed flat all day. The Lord gave me a chance. A whole day to get back in. Unfortunately I didn't take it.
+
+And then Tue, Dec 22 all tendies broke loose, the squeezening. +25% gain. /u/deepfuckingvalue dropping his massive dong in another update. I waddled back and forth in my fetal position. Missed out on \~$300K gain while watching everyone freak out. Felt exactly like this:
+
+[Can't feel my dick at all...](https://preview.redd.it/gn74i1yg3c761.jpg?width=460&format=pjpg&auto=webp&s=4c1a7031f8528f949a6d409f045ca727298e7312)
+
+**Chapter 6: Barking on a STIC**
+
+While waddling and scrolling on my phone, I happened to stumble across [this post](https://removeddit.com/r/wallstreetbets/comments/kih8z3/the_next_meme_hot_pick_for_all_the_good_boy/) about STIC and BarkBox. Not sure why /u/pound_salt_ deleted the original post but at the time, it was the only post about it on WSB
+
+I was pretty familiar with BarkBox and started researching, it seemed super un-discovered. I liked what I saw: Pets. E-commerce. Subscription. SPAC. Basic white bitches spoiling dogs. This might be worth an all-in.
+
+So on Wed, Dec 23 morning I decided to make a move. All-in at $14.42.
+
+Then I started writing everything I had learned and posted it all in my DD post at 1:46PM ET because I thought it was worth sharing what I found [https://www.reddit.com/r/wallstreetbets/comments/kiypqq/sir\_jack\_a\_lots\_next\_move\_all\_in\_stic\_bark\_merger/](https://www.reddit.com/r/wallstreetbets/comments/kiypqq/sir_jack_a_lots_next_move_all_in_stic_bark_merger/)
+
+The price was $14.25 at the time of posting and frankly, price was oddly flat at $14.25 pretty much all day. Lots of people got to buy in at this price. Why did it take me so long to write it? I had actual work meetings all morning and wrote it during my lunch break
+
+Then by the luck of the gods, apparently the CEO of BarkBox, Matt Meeker, went onto [CNBC](https://www.cnbc.com/video/2020/12/23/bark-to-go-public.html) at 3:20PM ET and it started mooning. On Thurs, Dec 24 I awoke to a 20% pop and shared my gains for ya'll to salivate over. Complete. Luck.
+
+# Ghost of Christmas Future
+
+**Chapter 7: What's next?**
+
+Let me be clear. I stand by every word of conviction I mentioned in all my GME and STIC posts, those are still my favorite H1 2021 plays. Holding STIC until merger would most definitely get you some massive gains.
+
+But I'm a swing momentum trader. If I feel like something is running out of steam, has a risk of a rug pull, or another stock has potential to pick up steam with lesser downside, that's when I usually jump around.
+
+I'm not happy with just a +25% in 3 months. I want a +25% compounded on +25% compounded on another +25% in the same 3 month time period.
+
+On Monday, Dec 28 I will probably sell STIC and move all into CRSR again. From technical charting perspective, I'm loving the setup and the [magical crayons](https://imgur.com/a/PxlN2em) are telling me we're at the support again and this should bounce in anticipation of strong Q4 earnings.
+
+Now: this is not a ding on STIC or GME, I stand by my 2x-10x claims at some point in H1 2021. It will eventually get there but it might also dip and rise again and I want to swing that dip and rise.
+
+Let me spell it out for some retards: because STIC moon-ed so fast, I want to sell to capture profits and hopefully buy back in on a dip. If STIC had not mooned yet, I would still be holding STIC for a more gradual moon-ing to let my thesis play out. If STIC does not dip but keeps mooning, then I will not chase and happily watch other diamond hands enjoy their tendies.
+
+# Q&A / AMAA
+
+I'm fucking tired of answering the same repeated idiotic questions. Let this Q&A serve as an artifact and please link it to new retards. I will also proceed to debunk every single fucking false claim I've read in my last few posts. Also feel free to AMAA in the comments, I'll be replying all day.
+
+1. **How often do you jack off?** At least 2 times a day and always before I make a trade for that post-nut clarity
+2. **Haha you're going to owe so much in taxes** \- Nope, this is all in my 401k which in the US means I don't owe taxes until I withdraw. Fucking compounding gains for years bitch
+3. **Why are you making such risky trades?** My goal is 8 digits or bust, that's my /r/fatfire number so I can finally quit this wageslave game. It's so obviously stacked against us and requires a lottery moment to reach escape velocity to play on New Game+ where I can live on $400k 4% SWR on $10M. This is my lottery moment and I'm leaning all the fucking way in. That's why I'm chad-ing it up and trying to TIME the market, meaning riding shit up and then jumping back into shit for another ride up. Fuck you Warren Buffet and your 90 y/o "time in the market" boomer bullshit. The next pandemic in 2025 might wipe us all out anyways, I ain't got time to wait for retirement. Gotta will it into existence. YOLO
+4. **How are you so good at this?** I study everything. Technicals. Charts. Support levels. Volume spikes. Short interest. Executive teams. Rumors. Customer sentiment. Employee morale. Insider trading. MSM manipulation. Comparable market caps. ER reports. Upgrade reports. SEC filings. Meme potential. I literally watch and study every facet I can about a company, and do so quickly.
+5. **What's your trading strategy?** All-in on a single stock all-shares. The idea is to have a thesis and conviction with that trade. I stay in the trade until the thesis is invalidated or another opportunity arises, it's a simple strategy and it's worked for me so far.
+6. **Why do you post on WSB?** Internet points is fucking fun. I was banned for like 30 minutes  yesterday (on "accident" apparently) and having $200k+ gains without the ability to share was just not the same
+7. **How do I follow your next move?** Oh just follow my discord/newslett -- no fuck that shit. I don't do discord or newsletters or twitter or anything else. I'll keep posting on WSB until 8 digits or bust (or ban), you can guarantee that.
+8. **Why do you remove the time on your screenshots?** I'm cropping shit on my iPhone and my username is between the portfolio number and the top bar. Otherwise I'd love to friken show off my perpetual 69% battery level
+9. **15% isn't a real YOLO** \- I am literally shoving my entire net worth into a single stock every single time. Correct it's not the same as blackjack or FDs where if I got it wrong, I could lose everything but it's still fucking riskier than any ETF or financial advisor with their cuckold MBA would ever advise. One 15% play may not be impressive but compounded together is how you get this 50X in less than a year
+10. **Where's PLTR or TSLA?** Notice I never once touched PLTR, TSLA, NIO, XBEV, MVIS, etc or any of the other meme stocks WSB loves. That's because I hate being a sheep and following after the curve. I try to find shit *right* before the curve starts (usually indicated by a volume spike) and most WSB meme stocks are up way too high for my risk tolerance. Too much at stake to lose to a random rug pull moment.
+11. **Hey I think I'm your cousin, can I get some money?** No you fuck, [stop being poor](https://i.redd.it/eyj4re61ibe21.jpg).
+12. **Hey do you wanna fuck my ex-wife?** Already did, next
+13. **You're just using WSB to pump and dump on us** \- No you fucking idiot.
+
+* **First:** look at my [post history](https://www.reddit.com/user/SIR_JACK_A_LOT/posts/), I NEVER make a hard recommendation for people to buy a stock. I only share my gains, losses, or DD because it's fucking funny to see how ya'll react. Whether people want to follow my move or not is 100% up to people. Do your own fucking DD and figure out when you want to sell according to your own thesis/risk tolerance.
+* **Second**: You folks keep asking me for my next move. Well how and when the fuck should I share it? If I post something in the morning, it's stuck in /new for a while until it gets enough upvotes to hit the front page and by then it's already afternoon or market close and the stock might have already done who knows what. That's not pump and dumping, that's just a delayed effect of how Reddit's algorithm works. Anything on the front page is essentially 5-15 hours old news and you need to determine if the state of the world is still the same or be a sheep and chase. It's the same thing once you hear Aunt Cathie or Boomer Cramer mention a stock and it trickles down to you, you're chasing after others have already gotten in
+* **Third:** My $1.5M is not enough to move any real-volume stock. I don't touch OTC or low-volume shit. For STIC: I have 97K shares and on average 2-4M shares are traded every day for STIC so my account is a like a drop of whale cum in the ocean
+* **Fourth:** Real pump and dumpers are the shitty scum on the earth. Spend any time in /r/pennystocks or some Discord or Stocktwits and holy shit, these scum run fucking operations. I've even seen paid newsletters where the highest tier gets the tip "early" to buy in and then the lower/free tiers get the tip which causes the pump for the early buyers to literally dump on and create bag holders on non-existant volume too
+* **Fifth:** Listen to what /u/DoubleKillGG and his big brain figured out the rest of you retards could not:
+
+>The fact is that SIR\_JACK\_A\_LOT is a swing trader. Yes he pumps his stocks and closes relatively quickly but he doesn't pump shit stocks. If you bought any of his positions when he posted you'd be up on everything. A pump and dump requires the dump part where investors are left holding a stock that is worth less than when they bought it. He did, however, break wsb's rule #4; STIC's market cap is below $1B.  
+>  
+>His positions closed and what they're worth currently  
+>  
+>NCLH: Exit at 17.95. Current share price is 24.51  
+>  
+>CHWY: Exit at 44.35. Current share price is 104.10  
+>  
+>NCLH (again): Exit at 19.16. Current share price is 24.51  
+>  
+>CRSR: Exit at 35.57. Current share price is 36.70  
+>  
+>PTON: Exit at 109.46. Current share price is 163.60  
+>  
+>GME: Exit at 15.96. Current share price is 20.26  
+>  
+>\*\\\*Exits are estimations from his posts\*  
+>  
+>STIC: Posted DD when share price was around 14.25. Current share price is 17.85
+
+**Shout-outs**
+
+Some of ya'll are real gems. Major props to:
+
+* My GME gang /u/Uberkikz11, /u/Ackilles, and of course the king /u/deepfuckingvalue along with a few others like /u/CPTHubbard, /u/OutrageousDesk, /u/Tomatotowers, /u/Stonksflyingup, /u/sneakersourcerer, /u/Midaswhale30, /u/Jeffamazon, /u/DrZaius0 for the amazing DD, memes, and brotherhood
+* /u/alifeofataraxia for his YouTube videos chronicling the tale of SIR JACK A LOT - [Part 1](https://www.youtube.com/watch?v=yW4Fr39n_uM), [Part 2](https://www.youtube.com/watch?v=MKfjMHmqkzo), [Part 3](https://www.youtube.com/watch?v=UP8fRTEIFpI)
+* /u/GrowerNotAShower11 for his erotic fan-fiction. I need one written about Cramer succumbing ahegao-style to the awe of my portfolio gains and massive dong STAT
+* Many other loyal fans who helped me get unbanned yesterday, thank you
+
+**Fuck You Haters**
+
+Last week we got /u/durado so cucked he deleted his account and now /u/kingobama123 is all up on my ass. First, read this magnum dong opus and if you have more questions, ask it in the comments, I'll cum all over you.
+
+**POLL**
+
+To really drive home the value I bring to WSB, let's see how many peoples' lives I've changed and for the better or worse. Take this poll regarding whether I helped make you gain or lose money if you've been following.
+
+[https://www.strawpoll.me/42341589](https://www.strawpoll.me/42341589)
+
+**🚀🎄🚀🎄🚀🎄🚀🎄🚀🎄🚀🎄🚀🎄🚀🎄**
+
+**🎄🚀🎄🚀Merry Fucking Christmas 🚀🎄🚀**
+
+**🚀🎄Jerome Powell bless us, every one!🚀🎄**
+
+**🎄🚀🎄🚀🎄🚀🎄🚀🎄🚀🎄🚀🎄🚀🎄🚀**
+
+[My usual order is the 13-piece tenders - whopping 1780 calories in a single sitting](https://preview.redd.it/ykuygl8i3c761.jpg?width=2048&format=pjpg&auto=webp&s=a2f40d1186b3c99c15cf1a0584ff41428326cb84)
+$44,000 a year may not seem like a lot to most people but it is the most money that I have ever made in my life and I have worked extremely hard to get where I am today.. Took me awhile to finish school and was working factory jobs to barely make ends meet.
+
+Recently moved back to my Dads house after a recent split up. So I'm single, no kids. I have $6,000 saved, but around $6,000 in student loans left still. 
+
+I'm looking to save, invest and be smart with my money, just looking for advice. My Dad was never smart with his money and watching him struggle over the years and watching him at around 65 years old, seeing how hard he works and still struggle and still have a mortgage payment makes me sad and not want to make the same mistakes he did. 
+
+Best ways to invest? How should I invest? How can I become a millionaire? How can I save enough so I don't have to worry about money? Any advice would be helpful and greatly appreciated.. Thanks everyone!
+
+Edit: Wow thanks for the advice everyone! Did not expect this to blow up like it did. Thank you! 
+Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows:
+***
+
+-  Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions.  
+-  Important content should be posted as a separate thread.
+-  Be excellent to each other. 
+
+***
+
+Thank you in advance for your participation. Enjoy!
+
+Hello all,
+
+First off, forgive the username, I created it in college.
+
+About a month ago my private money lender helped me buy my first "commercial" property.  I'd like input on whether you guys would flip or hold.  I'm leaning more towards flip.  Here are the details:
+
+The property is a self serve car wash.  It's the only piece of "commercial" real estate in an otherwise residential area.  However, it's right off of a high traffic two lane road.  You have to drive a mile+ up the street to the next car wash, which is an automatic/full service listed for 1.3m.  The local residents love mine, it's older than the surrounding homes so it's a piece of the community.  The "backyard" pressure wash and trash can if you will.  
+
+The property was purchased for $170,000 from an old man who owns many of these 6 bay self serve washes.  It was just another blip on his radar.  
+
+Average gross annual income over the last three years has been $32,453.  Operating expenses average $15,520 and NOI $16,933.  These are just the numbers the previous owner had.  My calculations indicate it cash flows \~$1300 a month, but the previous owner said it was more like $1700 (it's a cash business, basically a glorified vending machine).  It does hit $1700/month, but before I put quarters in the change machine, which he didn't count as an expense and I haven't really kept track of.  I just make sure there's always \~$400 in there.
+
+Simply put, it's the only property in the area for less than $200,000 that CASH FLOWS $1300+/month.  You could buy a $170,000 single family home in this area, if you're lucky rent it out for $1500/month, and maybe cash flow $200-$300...  I guess $700 if you don't have a loan or something.
+
+Anywho, since I've owned the property I've managed it for a few hours a week, buying vending supplies, changing out chemicals, cleaning up trash, collecting cash/quarters and taking money to the bank.  I paid a car wash mechanic from down the street to change out some old hoses, guns, nozzles and to put some new light bulbs in the otherwise dark at dusk bays.  I could've done it myself, but... I have other things to do and I want it done right the first time.
+
+She's getting a fresh coat of paint this week, and I have a new vacuum that's going in soon too.
+
+Here's the catch... the property is 50 minutes away from my home, or more with heavy traffic.  It's been a month and I'm already tired of driving out there once or twice a week.  I have to manage a small business every week, so it's not really passive income.
+
+I figure with the few touch ups I've done or am doing this week (lights, paint, vacuum, hoses, guns) I can sell it for around $250,000.  If it makes around $2500/month gross that's fair right?  I feel like I bought it under market value anyway.  Unless the old owner was right with the \~$1700 cash flow being 10% of the property's value.
+
+I already have a local interested who just retired.  I was changing out some products in the vending machines the other day and he pulled up to chat.  He told me his sons own a small detailing company and they're interested in buying or leasing the place.  I could easily lease it to them for $2000/month and they assume all responsibility.  They can take care of everything, and as long as their detailing makes \~$500/month they should be profitable.  Most detailing places make at least 2k a month right?
+
+My loan is $140,000.  I'm pretty close with my private money lender so he put up $180,000 cash ($170,000 for the property and $10,000 for reno and other costs).  I put $40,000 down out of pocket, so I'm paying him $700/month principle and $300/month interest.  The fact that we paid cash helps because not even the city knows how much it was sold for...  70% of the ARV? :)
+
+I would much rather sell it for $250,000, making around $70,000 and move on to the next deal with $110,000.  I could also keep my money tied up in the property and make $1000 truly passive income every month if I lease it to these guys.  Either way it's a blessing this guy pulled up cause he's right down the street, retired and his sons could help take care of the place, I think he's the perfect person to sell or lease it to.  Then again I've also had two other people ask about how much I would sell it for in just the last month.  Stick up a sign and see who bites?
+
+Maybe lease it, then sell it for even more because it's making even more income?  Not sure.  I think $250,000 is the perfect number for someone to buy it quick and I can stop driving 4 hours a week to a single property just to work for a few hours.  All the surrounding homes are worth $200,000-$270,000.  
+
+If you made it this far and have any experience with small commercial real estate please give me advice!
+**Hi there. I'm torn about what makes more sense. I currently own a home with a mortgage. My goal is to additionally own multiple rental properties as streams of income. What makes more sense financially.... using my extra funds to pay down my home mortgage faster (and save on the interest long-term) or saving my extra funds to put 20% down on a rental property that will turn into a stream of income in the future. Would love some input.**
+
+**We currently owe $228,000 USD on our home mortgage. Our payment is $1,560 a month and our interest rate is 3.5%. We could most likely save enough to put 20% down on a rental property (ideally priced 150k or less) in 5 years or less.**
+updated budget: https://i.imgur.com/4cOIcn8.png
+
+- I was never taught anything about money so I'm just looking for advice, mainly: Am I forgetting anything & are there any problems with my plan.
+
+
+How I got here:
+
+- I became homeless earlier this year due to reasons I don't want to discuss. My mother was sent to jail, and my little sister who is 13 was put in a nice foster home and I visit her every week. She is doing good but unfortunately because I had just turned 18 there were not as many options for me. The family she is with (amazing people) say that they usually have kids with them from between a month to a year. My dad has been out of the picture for 15 years, and I have no other family that I have ever met. 
+- I didn't have any savings & it was very hard to find people to work with me. Everyone I talked to suggested calling different government agencies but none of the ones that got back to me could do anything to help me besides put me on a waiting list or whatever else, but nothing that would help me THEN. Only things that MIGHT help in the future. The one thing I was able to get was a loan through an emergency loan program, which still put me in a tough spot and was not a permanent solution. Like an idiot the first thing I did was buy a car because I figured I would need a car to get a job (which is mostly true). I stayed in different places for a while but ran out of money pretty quick. Thankfully it is summer so it's warm outside so I was sleeping in my car while applying for any and every job I could find. I realized I had been too picky with what jobs I was applying too and I needed to just suck it up and do whatever would get me a paycheck. Basically I got desperate and lowered my standards once it started getting colder at night.
+- At the start of this month I got a job, the owner is really nice, the pay is decent, $11.65 an hour, and they agreed to give me as much time as I want, up to 80 hours a week. Anything over 40 is $17.5 an hour as well, so I'm taking advantage of that as much as I can. It's hard work but I'm able to manage and I've been working 7AM to around 8:30PM Monday through Saturday and it's pretty doable with a lot of coffee. I have a day off and still have some time once I'm done to relax, with 7~ hours of sleep. I've been maxing my hours since the start of the month and I plan to continue that for as long as possible, again my boss said that this is no problem and will continue to give me as many hours as I want with a cap of 80.
+- The foster family my sister is with have never had a foster kid for over a year so that's the deadline I'm setting to have a large savings and a place for my sister to sleep. That means a bedroom in a decent sized apartment. There are other expenses that will come along with that as well, such as feeding another person, school supplies, etc. This is not optional. Right now I need to focus on saving as much money as possible. I will also need to do research on what is required to get guardianship of my sister but that's something for another time. I'm sure there are some social programs to help once she is living with me, but again, that's for another time. Right now I'm looking for the most efficient way to save as much money as possible, since this is a finance form not a legal advice one.
+
+
+Financials: 
+
+- CC 2 & 3 are 0% interest for over a year, no rush to pay them off besides being debt free, but I'm not losing money by keeping the balance, as long as I do the minimum payment which is $50~ each I think.
+- Loan 1 is 0.1% (no payments required for another 3 months), from what I understand it stays at 0.1% as long as I continue to pay *any* taxes, loan 2 is 7% and loan 3 is 12%.
+- Emergency Fund: I know this will be unpopular but my emergency fund will be the $6,000 credit limit on my CC with 0% interest until I have paid off my debt, then it will become the money in my savings goal 1. I understand how this sounds risky but I don't really see a downside since it's 0% interest and if I made a separate savings goal for an emergency fund than it would just take more time to pay off the loans anyways, so the end outcome is the same. Since all my expenses can be paid by credit card I don't see a downside really. If there is any downside to this that I'm not seeing please let me know.
+- $500~ (estimated) monthly cc bill is for food, gas, any money that isn't a traditional "bill" type. It's a lot of small things... I've tried to lower it to the lowest possible and I don't think there is much room to improve here. I split that into 2 cards once I have one paid off so the account isn't closed and messes up my credit even more. If I have extra money from not spending the full $500 a month then I will put that into whatever the highest interest debt I have at the time is, or savings if there is no debt.
+- Also to note, $1100 for rent and utilities is actually a really good deal for rent here. I'm not living anywhere fancy, it's just a very expensive area.
+- I get paid 15th and 30th unless it's a weekend or holiday then I get paid a little earlier. 
+- Car is worth $3,000~ to private party according to stuff I found online, however I need a car and I don't know anything about selling so I'd rather keep it than try to sell it and get something cheaper. It has 86K miles on it and should last a good while longer (crossing my fingers).
+- Not sure if there is any place where I could be saving money or anything that I'm forgetting to budget for. Looking for any advice. Thanks.
+
+If you have any advice or just general tips, please let me know. I'm hoping if I work hard I can be out of this hole, have a healthy savings in under a year, and be able to help my little sister.
+
+
+monday update: wow thank you all so much! There are so many responses and I've got a lot of great tips, I am reading through them and I can't respond to everyone but I promise you I'm reading all of them.
+I'm getting serious FOMO but am on the younger side... however seeing the increase in prices is making me very uneasy
+
+Edit: please add where you purchased as well
+
+Edit: add the year you bought as well please!!
+I was brushing my teeth and this thought popped in my head. I popped open Reddit and someone in the other GME sub asked the same question. I haven’t seen it asked here yet and I’m way too smooth to understand the underlying details of dead public companies coming back to life.
+
+Anyone know what would happen if these zombies come back and their stocks start eating hedge funds?
+
+I’m assuming some type of catastrophic event for hedge funds that still hold these short positions but would appreciate some real knowledge.
+
+Edit: Woah - thank you everyone for your input! There are a lot of great comments and some very knowledgeable apes in here spitting facts from the legal side and speculative side. Whatever happens I’m excited to see where this whole thing goes!
+She told me that I need to stop talking to my coworkers about our wages, or any financial situations we are in.
+
+Personally, I have not had a raise in over 3 years, my job duties have doubled and we are immensely short staffed. I have already made the decision to look for another job and have been actively applying. 
+
+I was asked into the office managers office and she sat me down and told me to stop. I told her I didn’t know it wasn’t allowed, and asked her if it was illegal. She rolled her eyes and said it’s a preference of the partners (law firm). 
+
+My question is, can they actually stop us from discussing this? Is it not our right? Many of us were promised substantial raises, and they company ended up going back on their word. Nothing was written or signed by any of us, but we are all naturally pretty upset.
+So, a bit of a terrible situation. I'm in a position that pays well, at a great company, but recent events have made it so that I've been living paycheck to paycheck. I've been booked to go on a business trip, but I've realized that I can't afford it.
+
+My dad died suddenly two months ago, leaving me as his only adult child (age 24) to manage his funeral expenses, probate expenses, and guardianship over my little brother (age 16). I've also had to pay for my mother's living expenses and I'm in a bit of a lengthy legal issue as my dad died intestate. So storage fees, legal fees, paying for the insurance on his cars, etc. I've been taking care of my boyfriend's dog while he's in basic military training, and to go on this business trip, it'll take about $300+ to pay for her lodging and there are travel fees (that my job has made clear they won't cover) I'll have to incur that I just don't have. I know it's not much money exactly, but it's just not something I can justify as I scrape my bank account.
+
+Also, my boyfriend can't send me any money because BMT won't allow him to communicate with the outside world.
+
+I didn't realize how expensive this trip was going to be, and now with guardianship proceedings starting out of nowhere, I just can't come up with the scratch. The trip is a week out and I would feel awful about canceling.
+
+Any advice you can offer would be much appreciated.
+
+**EDIT:** Thank you everyone for your responses. It makes sense that companies don't cover dog boarding – I realize I made some major missteps during such a confusing and stressful time, and it's certainly not their responsibility to cover for those mistakes. There's a lot I'm just now learning about estate planning and guardianship and the like. I will do my best to cancel the trip.
+
+**EDIT2:** My mother (who lives in Detroit, MI) is not my brother’s mom - there is tension between the families and my mom is not an option for his care. He is also autistic and his own mother is kind of ill, which is why we’re going through guardianship proceedings in the case she cannot care for him. I would love to leave the puppy with him, but he cannot be left alone due to the severity of his autism. Thank you everyone who suggested this - I agree it would be the best option, but the situation is kind of unusual.
+
+**EDIT3:** When I say there are travel fees I can't cover, I mean upfront. I just don't have the money to do so, and can't wait for two weeks to a month to be reimbursed.I have too much to cover and will need to wait until the next few paychecks to catch up. Just looking for advice to approach employer, please do not DM me with rude or off topic messages.
+
+**EDIT4:** Just got off the phone with my boss, who is really so understanding and helpful (he also very recently lost his mother, so he's that much more understanding), and I was able to cancel my trip. They're going to find a replacement. There has been a weight lifted and I feel so much better. Thank you everyone for talking me through it.
+My current M-F 9-5 job is physically demanding, having severe back issues for years (its getting worse) and would like a new career where i wont be damaging my body. 
+
+Im strongly considering Forex day trading as a new career. Im currently learning on youtube.
+
+I dont wanna quit my current job cause i understand it takes time to make profits from trading. I was thinking to work thursday-saturday (part time) with my current company. And day trade monday-wednesday (hopefully those are great days to trade). 
+Untill i improve and am consistent with Forex, eventually i want to quit my job.
+
+What do you all think? Im sure im not the only one with this situation. How do you all do it?
+I Never understand when some traders throw shade at another trader because they use a different trading style. For every trader that's a millionaire from swing trading, there's also another millionaire trader from scalping. Both styles work as proven. Just say you prefer the method you use and it works for you. What is your take on traders who do this?
+During this crash, I learned this the hard way. People with a huge amount of stablecoins staked didn't seem to notice anything and didn't panic as much as others. Now I'm not going to put most of my crypto investments into stablecoins, but it would be good to know that a portion of my worth isn't wiped out with each dip.
+
+Here are some of the platforms I recommend. All of these are very safe in my opinion, and you can lower your risk by dividing your entire sum among different platforms: [Haru Invest](https://haruinvest.com/), [Nexo](https://nexo.io/) and [BlockFi](https://blockfi.com/).
+
+Stablecoins can earn up a good amount of APY% on these platforms. Would be a great investment to sleep on for a few years and get passive income.
+There’s no need to overthink it. Buy and hodl beats short selling every time. Short selling requires smoke and mirrors,  it requires the general sentiment to change enough that a self-fulfilling prophecy is created where retail actually does start selling off. No amount of strategy or sophisticated algorithms or late night meetings with the finest financial minds in the world can change the simple truth that shfs borrowed hundreds of millions of shares they didn’t own, sold them into the market, and now those shares are safely contained in retail brokerage accounts all over the world. Shfs need those shares back to close their positions. End of story. Nothing they say or do can change that ironclad fact.
+https://www.nytimes.com/2020/07/08/technology/robinhood-risky-trading.html
+> 
+> Richard Dobatse, a Navy medic in San Diego, dabbled infrequently in stock trading. But his behavior changed in 2017 when he signed up for Robinhood, a trading app that made buying and selling stocks simple and seemingly free.
+> 
+> Mr. Dobatse, now 32, said he had been charmed by Robinhood’s one-click trading, easy access to complex investment products, and features like falling confetti and emoji-filled phone notifications that made it feel like a game. After funding his account with $15,000 in credit card advances, he began spending more time on the app.
+> 
+> As he repeatedly lost money, Mr. Dobatse took out two $30,000 home equity loans so he could buy and sell more speculative stocks and options, hoping to pay off his debts. His account value shot above $1 million this year — but almost all of that recently disappeared. This week, his balance was $6,956.
+> 
+> “When he is doing his trading, he won’t want to eat,” said his wife, Tashika Dobatse, with whom he has three children. “He would have nightmares.”
+> 
+> Millions of young Americans have begun investing in recent years through Robinhood, which was founded in 2013 with a sales pitch of no trading fees or account minimums. The ease of trading has turned it into a cultural phenomenon and a Silicon Valley darling, with the start-up climbing to an $8.3 billion valuation. It has been one of the tech industry’s biggest growth stories in the recent market turmoil.
+> 
+> But at least part of Robinhood’s success appears to have been built on a Silicon Valley playbook of behavioral nudges and push notifications, which has drawn inexperienced investors into the riskiest trading, according to an analysis of industry data and legal filings, as well as interviews with nine current and former Robinhood employees and more than a dozen customers. And the more that customers engaged in such behavior, the better it was for the company, the data shows.
+> 
+> Thanks for reading The Times.
+> Subscribe to The Times
+> More than at any other retail brokerage firm, Robinhood’s users trade the riskiest products and at the fastest pace, according to an analysis of new filings from nine brokerage firms by the research firm Alphacution for The New York Times.
+> 
+> In the first three months of 2020, Robinhood users traded nine times as many shares as E-Trade customers, and 40 times as many shares as Charles Schwab customers, per dollar in the average customer account in the most recent quarter. They also bought and sold 88 times as many risky options contracts as Schwab customers, relative to the average account size, according to the analysis.
+> 
+> 
+> The more often small investors trade stocks, the worse their returns are likely to be, studies have shown. The returns are even worse when they get involved with options, research has found.
+> 
+> This kind of trading, where a few minutes can mean the difference between winning and losing, was particularly hazardous on Robinhood because the firm has experienced an unusual number of technology issues, public records show. Some Robinhood employees, who declined to be identified for fear of retaliation, said the company failed to provide adequate guardrails and technology to support its customers.
+> 
+> Those dangers came into focus last month when Alex Kearns, 20, a college student in Nebraska, killed himself after he logged into the app and saw that his balance had dropped to negative $730,000. The figure was high partly because of some incomplete trades.
+> 
+> “There was no intention to be assigned this much and take this much risk,” Mr. Kearns wrote in his suicide note, which a family member posted on Twitter.
+> 
+> Like Mr. Kearns, Robinhood’s average customer is young and lacks investing know-how. The average age is 31, the company said, and half of its customers had never invested before.
+> 
+> Some have visited Robinhood’s headquarters in Menlo Park, Calif., in recent years to confront the staff about their losses, said four employees who witnessed the incidents. This year, they said, the start-up installed bulletproof glass at the front entrance.
+> 
+> “They encourage people to go from training wheels to driving motorcycles,” Scott Smith, who tracks brokerage firms at the financial consulting firm Cerulli, said of Robinhood. “Over the long term, it’s like trying to beat the casino.”
+> 
+> At the core of Robinhood’s business is an incentive to encourage more trading. It does not charge fees for trading, but it is still paid more if its customers trade more.
+> 
+> That’s because it makes money through a complex practice known as “payment for order flow.” Each time a Robinhood customer trades, Wall Street firms actually buy or sell the shares and determine what price the customer gets. These firms pay Robinhood for the right to do this, because they then engage in a form of arbitrage by trying to buy or sell the stock for a profit over what they give the Robinhood customer.
+> 
+> This practice is not new, and retail brokers such as E-Trade and Schwab also do it. But Robinhood makes significantly more than they do for each stock share and options contract sent to the professional trading firms, the filings show.
+> 
+> For each share of stock traded, Robinhood made four to 15 times more than Schwab in the most recent quarter, according to the filings. In total, Robinhood got $18,955 from the trading firms for every dollar in the average customer account, while Schwab made $195, the Alphacution analysis shows. Industry experts said this was most likely because the trading firms believed they could score the easiest profits from Robinhood customers.
+> 
+> 
+> Vlad Tenev, a founder and co-chief executive of Robinhood, said in an interview that even with some of its customers losing money, young Americans risked greater losses by not investing in stocks at all. Not participating in the markets “ultimately contributed to the sort of the massive inequalities that we’re seeing in society,” he said.
+> 
+> Mr. Tenev said only 12 percent of the traders active on Robinhood each month used options, which allow people to bet on where the price of a specific stock will be on a specific day and multiply that by 100. He said the company had added educational content on how to invest safely.
+> 
+> He declined to comment on why Robinhood makes more than its competitors from the Wall Street firms. The company also declined to comment on Mr. Dobatse or provide data on its customers’ performance.
+> 
+> Robinhood does not force people to trade, of course. But its success at getting them do so has been highlighted internally. In June, the actor Ashton Kutcher, who has invested in Robinhood, attended one of the company’s weekly staff meetings on Zoom and celebrated its success by comparing it to gambling websites, said three people who were on the call.
+> 
+> Mr. Kutcher said in a statement that his comment “was not intended to be a comparison of business models nor the experience Robinhood provides its customers” and that it referred “to the current growth metrics.” He added that he was “absolutely not insinuating that Robinhood was a gambling platform.”
+> 
+> 
+> ImageRobinhood’s co-founders and co-chief executives, Baiju Bhatt, left, and Vlad Tenev, created the company to make investing accessible to everyone.
+> Robinhood’s co-founders and co-chief executives, Baiju Bhatt, left, and Vlad Tenev, created the company to make investing accessible to everyone.Credit...via Reuters
+> Robinhood was founded by Mr. Tenev and Baiju Bhatt, two children of immigrants who met at Stanford University in 2005. After teaming up on several ventures, including a high-speed trading firm, they were inspired by the Occupy Wall Street movement to create a company that would make finance more accessible, they said. They named the start-up Robinhood after the English outlaw who stole from the rich and gave to the poor.
+> 
+> Robinhood eliminated trading fees while most brokerage firms charged $10 or more for a trade. It also added features to make investing more like a game. New members were given a free share of stock, but only after they scratched off images that looked like a lottery ticket.
+> 
+> The app is simple to use. The home screen has a list of trendy stocks. If a customer touches one of them, a green button pops up with the word “trade,” skipping many of the steps that other firms require.
+> 
+> Robinhood initially offered only stock trading. Over time, it added options trading and margin loans, which make it possible to turbocharge investment gains — and to supersize losses.
+> 
+> The app advertises options with the tagline “quick, straightforward & free.” Customers who want to trade options answer just a few multiple-choice questions. Beginners are legally barred from trading options, but those who click that they have no investing experience are coached by the app on how to change the answer to “not much” experience. Then people can immediately begin trading.
+> 
+> Before Robinhood added options trading in 2017, Mr. Bhatt scoffed at the idea that the company was letting investors take uninformed risks.
+> 
+> “The best thing we can say to those people is ‘Just do it,’” he told Business Insider at the time.
+> 
+> In May, Robinhood said it had 13 million accounts, up from 10 million at the end of 2019. Schwab said it had 12.7 million brokerage accounts in its latest filings; E-Trade reported 5.5 million.
+> 
+> That growth has kept the money flowing in from venture capitalists. Sequoia Capital and New Enterprise Associates are among those that have poured $1.3 billion into Robinhood. In May, the company received a fresh $280 million.
+> 
+> “Robinhood has made the financial markets accessible to the masses and, in turn, revolutionized the decades-old brokerage industry,” Andrew Reed, a partner at Sequoia, said after last month’s fund-raising.
+> 
+> 
+> Image
+> Robinhood shows users that its options trading is free of commissions. 
+> Robinhood shows users that its options trading is free of commissions. 
+> Mr. Tenev has said Robinhood has invested in the best technology in the industry. But the risks of trading through the app have been compounded by its tech glitches.
+> 
+> In 2018, Robinhood released software that accidentally reversed the direction of options trades, giving customers the opposite outcome from what they expected. Last year, it mistakenly allowed people to borrow infinite money to multiply their bets, leading to some enormous gains and losses.
+> 
+> Robinhood’s website has also gone down more often than those of its rivals — 47 times since March for Robinhood and 10 times for Schwab — according to a Times analysis of data from Downdetector.com, which tracks website reliability. In March, the site was down for almost two days, just as stock prices were gyrating because of the coronavirus pandemic. Robinhood’s customers were unable to make trades to blunt the damage to their accounts.
+> 
+> Four Robinhood employees, who declined to be identified, said the outage was rooted in issues with the company’s phone app and servers. They said the start-up had underinvested in technology and moved too quickly rather than carefully.
+> 
+> Mr. Tenev said he could not talk about the outage beyond a company blog post that said it was “not acceptable.” Robinhood had recently made new technology investments, he said.
+> 
+> Plaintiffs who have sued over the outage said Robinhood had done little to respond to their losses. Unlike other brokers, the company has no phone number for customers to call.
+> 
+> Mr. Dobatse suffered his biggest losses in the March outage — $860,000, his records show. Robinhood did not respond to his emails, he said, adding that he planned to take his case to financial regulators for arbitration.
+> 
+> “They make it so easy for people that don’t know anything about stocks,” he said. “Then you go there and you start to lose money.”
+I wondered if other money-conscious people on here might have the same problem. I tend to live my life trying to avoid spending money as much as possible to the point where I can feel it possibly becoming an issue with my relationships and general ability to live life.
+
+For example, I can afford a new or used car, but I choose to borrow my family car. This is usually convenient for all involved but sometimes it means I am a bit limited in what I can do and how long I can borrow it so my habits become restrained by the short time periods where I'll have access to it, and I almost never consider going on weekend trips away since it would mean I'm depriving someone else of the car for long periods of time.
+
+My friends are all aware of my desire to save money and so I'm able to have good relationships with them and stick to very routine and predictable habits where I know how much I'll spend and can always turn down the occasional event which is outside my comfortable price range.
+
+But in my romantic relationships I often find myself getting anxious with my partner if their spending behaviour is more frequent/higher than mine. Or if they tend to enjoy doing more activities than me. Mentally I think that $0 is the ideal amount to spend and so any activity can breach that threshold.  
+
+
+Tl;DR
+
+Essentially, I want to know if people have tips/perspectives/mindset changes which allows them to live life without the constant worry that you could've saved that dollar. It might be easy to just say "Budget", but I am hoping for more in depth experiences to gain insight from.
+Adjusting capital losses from one crypto asset against gains from another asset is pretty common.. except according to the Indian government, this is not allowed either. 
+
+[Answer provided by government](https://preview.redd.it/1t638a1qeqo81.jpg?width=1080&format=pjpg&auto=webp&s=14251f74b2aab05532ad5525079a7cda9a5bacf7)
+
+Moreover, if you are mining, you cannot treat the mining infrastructure investment as costs. 
+
+This nonsense is on top of a flat 30% capital gains taxes and 1% TDS. Moreover, as per the full laws, you cannot carry forward losses to another year as well. Now it seems even in the same year, you cannot adjust it with gains from another asset. 
+
+The government is on a path of de-facto killing crypto by over regulation. If you make the taxes so high and the compliance so expensive, no one will ever invest in crypto - that seems to be the thought process of this utter shit government. 
+
+# 🖕
+I took some notes during today’s zoom call with Charles Gradante. These are rough notes captured on my phone, so feel free to correct where needed:
+
+-Regarding the current state of the market: “Everybody’s on the same side of the fence, and where that happens it’s dangerous”
+
+-“A Black Swan event in the near future is likely”
+
+-Regarding the correction occurring in the markets right now: “As liquidity drains, there’s going to be someone standing there with no shorts”
+
+-“A market crash won’t come until bonds become as competitive as stocks. And when that happens you get the ‘87 crash”
+
+-“Current inflation is 7%, but supply chain issues represent 3% of that and real inflation is 4%”
+
+-“Naked shorting can go on indefinitely, as long as the buyer/lender doesn’t stop it. They stop it by DRSing”
+
+-“The DTCC is the most important player, the big dog, if they have an imbalanced book they are the cop that needs to sort it out.”
+
+-“If there are no deliveries on GME, what else are there no deliveries on?”
+
+-“Robinhood was under capitalized for the amount of calls they sold last January”
+
+-Referring to GME: “This is the most crowded short I’ve seen in 20 years. Maybe since Enron. Very crowded”
+
+-“The SHFs did not properly hedge, they got overly confident, should have bought OTM calls to protect against a squeeze”
+
+-“Naked shorting shouldn’t last more than a trading day.”
+
+-On the benefits of prolonged naked shorting: “If there’s no stock to borrow, then there’s no borrowing cost to pay.”
+
+-To control naked shorting: “The DTCC should increase borrowing rates when shorting gets above 50% of the float.”
+
+-“All shorts must cover, even if the stock price goes to near zero. SHFs can’t get out of it by bankrupting the company. “ 
+
+-“Robinhood is a good takeover acquisition target by the banks or someone like Square or PayPal”
+
+-“Blockchain with T+1 settlement is a solution to prevent future GME situations”  **<—- Edit: not sure I captured the context of this correctly. Hoping someone else who heard can clarify his wording. **
+
+-“Panic is one of the key things the DTCC is there to control, and that’s what they did last January.”
+
+-“If the SHFs can sell more than 100%, why can’t retail buy more than 100%?”
+
+-“Retail should look more into the recent FINRA GME settlement”
+
+-Is the Pop Corn and GME squeeze over?: “GME still has support, it’s not back to $10 yet. But since retail got hurt before, will they want to rejoin the market?”
+
+-“CEOs have legal avenues if they have proof that their stock is being abused in the market.”
+
+-“We won’t likely see another GME situation in the near future, but regulations still need to be passed to prevent it.”
+
+-“At 70% short interest, the marginal fees should start to skyrocket. You better be damn sure the company is going out of business.”
+
+-On the chance of a recession or worse: “This is not like ‘87 crash, because the bond market isn’t competitive.”
+
+-“Mainstream media has become political, they answer to donors.”
+
+-Final words: “Go Apes!!”
+
+**Edit: another Ape seems to have found a link to the recording. Shout out to u/Yellow_Canary26**
+
+https://reddit.com/r/Superstonk/comments/shfj90/squeezes_margin_and_naked_shorts_join_hedge_fund/
+
+**Edit 2: regarding my quote about DRS, here is the exact wording:**
+
+At 8:33 he begins talking about:
+“You can have naked shorts that exist in the marketplace on infinitum if the buyer does not need to take delivery - does not want to take delivery - and there are situations where that is the case. However as soon as the buyer wants to take delivery of the security they will go through the DTCC channel and they will request delivery of the stock. In which case, the naked short must be covered and delivery must be made. If the short seller cannot get a borrow…they must go out into the marketplace and buy it.”
+Has anybody ever purchased land in Northern Ontario for investment purposes?  I'm thinking about something along the stretch between Newmarket and Thunder Bay.
+I started accumulating cash a few years ago at first to save up for a down payment on a house (in an HCOL area) and secondly to have some "dry powder" for another 2008-style economic shock. Well that's turned into a fair bit of cash: X00k+, representing nearly 30% of my portfolio.
+
+I'm now caught between some conflicting emotions: do I invest that cash now, in what feels like the top of the market? I still intend to buy a house in the next 12-18 months, so is it worth investing for a relatively short period of time? Is 20% way too high an amount to have in cash, or is that fine? Should I keep waiting for a dip? If I do invest, do I do it all at once or DCA over some timeframe?
+
+Not thinking clearly, so would love some thoughts/advice. Thanks!
+First of all, I’m not saying that the proposed rule isn’t shitty. It’s shitty! But if you were legitimately blindsided by a white collar criminal enterprise trying to prevent the total collapse of their business via changing the rules of a game they’re losing, I don’t know what to tell you. *They were always going to try every single possibility to prevent the MOASS.* These are psychopaths who would sell their own mother up the river to stay alive one more day, and they’re desperate. 
+ 
+But in all the sudden, heavily awarded panic, apes lost sight of some of the best news we’ve seen since DFV said “just up.” Not only does the dividend stock split equal an absolute Armageddon for short sellers, Citadel just watched a ton of ammo get lit on fire as Netflix took a dump. 
+ 
+Facebook’s failing. Over and over again, the short hedgies’ long positions are getting killed, and they’re running out of runway. 
+ 
+If you don’t like what’s being said, what do you do? 
+ 
+You change the conversation. 
+ 
+This is a war. And according to Sun Tzu, when you’re weak, one of the most important things to accomplish is appearing to be strong. 
+ 
+Think about what happened today. Think about the illusion that was just spun out of thin air. All of a sudden, instead of the MOASS being inevitably on the horizon, there is this magic button that the hedgies can press. With a simple flick of the wrist, the hedgies are now able to “prevent the MOASS” via one simple rule change. They can undo all the work retail has done, all the time writing game-changing DD and money that working class folks have spent over the past year, with a few pages of legalese! It’s incredible! 
+ 
+When you opened Reddit this morning and were bombarded with this news, did it make you feel shocked? Panicked? Helpless? Did it make you feel like despite the fact that hedgies have spent the last year with their dicks caught in a bear trap, they are simply too powerful, too well-connected, too rich and almighty to ever destroy? That emailing the SEC — not buying, holding, and DRSIng so your shares are unmanipulateable — was the only possible way to not get crushed by the unwavering might of the 0.1%? 
+ 
+It was supposed to. 
+ 
+But think about what’s actually happened these past weeks and months. The float has been bought many times over. Big players in social media are hopping on board. Just a few days ago, RC moved his Queen into position for a checkmate. The dividend split is coming. Unless every ape’s diamond hands magically and mysteriously shatter, *there is no way for the hedgies to win.* 
+ 
+And in the last 48 hours, over half a billion dollars of weaponized hedgie ammo have disappeared. Netflix is falling. 
+ 
+This isn’t a stalemate. 
+ 
+Things are going fucking great. 
+ 
+Don’t fall for the trap of pessimism and despair, because it’s an illusion. This DTCC bullshit isn’t some magical, all-consuming poison pill. It’s a smokescreen. 
+ 
+As the MOASS gets closer and closer, the hedgies’ criminality and desperation is going to get more and more blatant. Flash crashes and short ladders and FUD articles were just the beginning. We can expect to see an all-out blitz on all fronts, with a high level of Ivy League creativity. 
+ 
+Embrace it. 
+ 
+This is and has always been a big balls play. It takes risk fortitude, and the ability to outsmart teams of psychology PhDs fueled by the best algorithms money can buy. Yet one simple fact remains: 
+ 
+Retail has Wall Street in a chokehold, and these chinless manor-born coke addicts don’t know how to lose. They can’t even comprehend it. 
+ 
+So you know what? 
+ 
+Bring it on. 
+ 
+Their fuck you money means nothing to me. Their lawyers mean nothing to me. The only thing that matters is the math — 
+ 
+And the math only adds up to ape. 
+ 
+To the moon.
+GameStop's GMERICA collection is empty, but there is still a preview image and I was able to grab the full resolution. Here it is. [https://gs-nft-assets-prod.s3.amazonaws.com/public/ada7d5fc-376a-4227-a2e6-75bcb776f680](https://gs-nft-assets-prod.s3.amazonaws.com/public/ada7d5fc-376a-4227-a2e6-75bcb776f680)
+This well runs deep. BCG has been linked to Sears, Blockbuster, Bed Bath and Beyond, and Toys R Us. This is market manipulation on a grand scale and somebody will go down for it. With the link to Citadel, the implications could help our favorite stonk greatly. Do your part and report BCG to the SEC and DOJ and FBI. 
+
+DOJ: https://www.justice.gov/actioncenter/report-crime
+
+SEC Main: https://www.sec.gov/tcr
+
+Whistleblower: https://www.sec.gov/whistleblower
+
+FBI: https://www.fbi.gov/tips
+Hello. I'm a 23-year-old living in Portland, OR. While we were living in Washington, my family had me co-sign on a full year lease for the place they were living in order to "build my credit". I unwittingly obliged, and later moved out and into an apartment with my current partner. About a half of a year ago I found out that my parents had broken the lease we had all signed, by way of applying to apartments in Portland, only to be rejected for having an eviction on my account.
+
+My parents were apparently court summoned, but did not show. I am now estranged from them, and desperately want to move, but my options seem incredibly limited. Is there any way anyone can rent to me in this situation? Even if I am the roommate and not the main lease signer? Should I contact a lawyer in order to sort this out? Can I be in contempt of court if I try to pay off the bill?
+
+More info: It was only two or three months into the lease when they broke it. Both me and my partner have over 740 credit scores.
+I just wanna buy a house out in the woods, get a good internet connection out there regardless of the cost, and just fuck off for as long as I want.
+
+I wanna walk around naked in my house, get drunk, and not have to worry about someone calling me or showing up to my door.
+
+I just wanna be alone with my thoughts, the last year has really made me enjoy my own company.
+#1. Introduction
+
+I’ve noticed a few threads and comments wondering whether merely locking up the float is enough to trigger MOASS. They wonder whether we also have to do other things like an [NFT dividend](https://reddit.com/r/Superstonk/comments/q3y4x5/drs_is_the_way_but_ultimately_its_up_to_gamestop/) or need further catalysts like [exogenous buying pressure (e.g. from FOMO)](https://reddit.com/r/Superstonk/comments/q3t7vp/_/hfuwfer/?context=1). As others may still be unsure about the dynamics at play, this post formalizes the reasons why direct registering the float is its own catalyst for MOASS. So I hope people will be able just to link to this thread if the confusion continues. 
+
+*To clarify [TL;DR]: DRS alone can trigger MOASS because SHFs are in a traditional prisoner’s dilemma where it’s in their individual rational interest to close their shorts immediately when the float is locked up.*
+
+# 2. Individual and Collective Self Interest
+
+Assume that the float has all been registered at Computershare. In this case it is in the collective self interest of all SHFs to pretend that everything is normal. If EVERYONE ignores the fact that the float is locked up, then the shorting shenanigans with married puts, naked shorting, and all that good stuff may be able to continue… at least for a while.
+
+Indeed, this is kind of where we are right now. It’s apparent that GameStop has been massively over shorted. This is why we almost mooned in Jan, it’s why the DTCC’s Q1 2021 disclosure states that the biggest increase in VaR came from the [idiosyncratic risk of a single security](https://www.dtcc.com/-/media/Files/Downloads/legal/policy-and-compliance/CPMI_IOSCO_Quantitative_Disclosure_Results_2021_Q1_1.pdf) (p.6), and it’s probably why [Gary Gensler’s first tweet](https://www.reddit.com/r/Superstonk/comments/ouaxaq/people_are_missing_the_point_of_the_gary_gensler/)was about GameStop. 
+
+But no one wants to call bullshit on this house of cards because it will force them all to realize losses and potentially cause a cascade of insolvency that goes far beyond Robinhood. At the moment collective and individual self interest align and so everyone is kicking the can down the road. 
+
+So, while it’s possible to keep kicking the can (in the hopes that apes will sell), the banks, SHFs, and prime brokers, etc. can continue to act like everything is normal. As Ken talked about in the 2008 crash: [they’re all trying to buy themselves one more day](https://youtu.be/B0iSJdzF5pw).
+
+But, the logic changes when the float is locked up. 
+
+When the float is locked up all players know that there are more outstanding shorts than can be closed from the float. So each participant knows that if they’re the first SHF to close they might survive ([see Margin Call
+movie](https://youtu.be/ag14Ao_xO4c)). 
+
+Simultaneously, if they don’t close as soon as the float is locked then they’ll likely go bankrupt as the price will be astronomical by the time they’re buying. 
+
+Once the float is locked up, it is in each SHFs individual rational interest to close straight away, even though it’s in their collective rational interest to continue as if nothing is wrong. 
+
+The fastest SHFs with the lowest exposure will take the L and close ASAP. The remaining players whose short exposure is too great will just cheat and pray the price goes down before they are margin called. But because the smaller SHFs will push up the price to get out alive (and others will likely FOMO in again like in January), the big short players are screwed. They’ll fail their margin calls and MOASS will really get going. 
+
+This is the one case in which the GME saga is like the 2008 VW squeeze. After [Porsche announced](https://www.reuters.com/article/us-volkswagen/short-sellers-make-vw-the-worlds-priciest-firm-idUSTRE49R3I920081028) that they had (all but completely) locked up the float, shorts realized that with only 6% of the float available there weren’t enough free shares to close and so the price spiked. The same thing will happen to GME, except to a much greater degree as the short interest is much higher and apes are less willing to sell than Porsche/VW.
+
+We’ll MOASS when the float is locked up because it’s in the individual rational self interest of SHFs to close in that case.
+
+# 3. How We Will Know the Float is Locked Up
+
+The only other requirement in addition to the float being locked up is that it has to become common knowledge that the float is locked up. As with VW, the squeeze happened when Porsche *announced* only 6% of the float was available. 
+
+Who announces/how is the GME float lock up made publicly available? Obviously, GameStop can announce the info, just like VW did. And to this point [their prospectus states](https://news.gamestop.com/node/18961/html) (p.16) that if the DTC cannot fulfill its duties (e.g. because the float is locked up and there are still outstanding shares sold short) then within 90 days they can/will recall the existing GME shares and issue their own. 
+
+Apes with registered shares can also [request the whole shareholder list](https://www.investor.gov/introduction-investing/investing-basics/glossary/shareholder-lists-when-you-can-get-them). GameStop has the full discretion to release the shareholder list if requested without any conditions or requirements. However, even if GameStop were reluctant to make the info public, there are two circumstances in which GameStop *must* provide the list if asked: 1) when they send out proxy solicitations; or, 2) when a tender offer is issued. So once the float is locked up, we can get that info sooner or later. 
+
+Additionally, /u/Which_Stable4699 reminded me that Computershare will also make it clear when the float is locked up. Part of their requirements as a transfer agent is to ensure that a company “does not issue more shares of stock than have been authorized." [(page 5.)](https://www.computershare.com/us/Documents/TA_Overview_WhitePaper.pdf). Conputershare will therefore decline to register more than the total 76.5 million outstanding shares. So if they wnr let us register more, then we know the float is gone. 
+
+Finally, once the float gets tight, the writing will be on the wall. As SHFs [run out of ammo](https://reddit.com/r/Superstonk/comments/q3p85s/we_dont_deserve_to_be_in_your_presence/), we should expect things like [ever higher CS account numbers](https://reddit.com/r/Superstonk/comments/q3pdfq/computershare_new_high_score_winner_1007/), [lower dark pool volumes](https://reddit.com/r/Superstonk/comments/q3hvkg/gme_volume_by_exchange_107_dark_pool_2788_second/), and [vanishingly low volume](https://reddit.com/r/Superstonk/comments/q3hh3y/i_cant_hear_you_closed_with_105_mil_volume_so/). (There may also be [other metrics](https://reddit.com/r/Superstonk/comments/q3x37r/diminishing_dtcc_float_holdings_may_be_measurable/) we and SHFs can use as a proxy for available float size.) 
+
+As MOASS appears more inevitable and imminent on these proxy measures, individual SHFs will begin to shift from following the collective rational self-interest and will begin to close out their shorts according to their individual rational self interest.  Indeed, this rush to the exits already happened this year with the [collapse of Archegos](https://www.bloomberg.com/news/features/2021-04-08/how-bill-hwang-of-archegos-capital-lost-20-billion-in-two-days). 
+
+It was in the collective interest of all the parties who lent to Bill Hwang to try and slowly unwind their losses to avoid a fire sale. But, it was in the individual interest of the lenders to be the first to close out their positions and leave others holding the bag. So while Credit Suisse hoped for a slow sale, [Goldman and Morgan Stanley began selling everything and netted a loss of a few hundred million which left Credit Suisse over $5bn in the hole](https://www.reuters.com/world/asia-pacific/archegos-fire-sale-credit-suisse-nomura-burned-by-slow-exit-2021-03-31/). No one wants to be a sucker like Credit Suisse was with Archegos. So once the DRS tide begins to definitively turn the sharks will show their teeth. They’ll try and close before everyone else so they lose as little as possible. 
+
+# 4. Conclusion
+
+Logically, locking up the float makes closing shorts the individually rational choice for SHFs. This will boost the price and cause MOASS. 
+
+In reality, the collapse of Archegos and VW squeeze are recent examples of this rational self-interest causing a squeeze and a fire sale to avoid holding the bag. So we know that this logic translates into practice in ways that will cause GME to moon when the float is locked up. 
+
+Other things like an NFT dividend or a new NFT game trading platform to compete with Steam are nice to have and could be their own catalysts. But, they’re not necessary for MOASS if we DRS the float. 
+
+All this is to say: buy, hold, DRS.
+On yesterday’s AMA Dr. Trimbath suggested we reach out to local regulators through NASAA.org.
+
+​
+
+**What is NASAA?**
+
+The North American Securities Administrators Association (NASAA) represents state and provincial securities regulators in the United States, Canada and Mexico.
+
+NASAA members are the closest regulators to local communities, small businesses and the investing public throughout North America. Members of NASAA have a multifaceted mission of protecting investors from fraud and abuse, conducting investor education, providing guidance and assistance via the established regulatory framework, and ultimately helping power the North American economy by ensuring the integrity of the financial markets.
+
+​
+
+**EMAIL TEMPLATE**
+
+I drafted a brief template you can use in an email or phone call to your local regulator. Feel free to adjust or ignore at your own discretion.
+
+​
+
+Subject: Help stop naked short selling
+
+To whom it may concern:
+
+Recent market activity involving GameStop stock has shed light on misbehavior by hedge funds and other financial institutions involved in a practice called **naked short selling**.
+
+Though naked short selling was made illegal after the 2008 financial crisis, loopholes exist that allow for this practice to continue. (More details here: [https://www.investopedia.com/terms/n/nakedshorting.asp](https://www.investopedia.com/terms/n/nakedshorting.asp)). This includes fraudulent activity involving Shorts, Borrowed Shares, and Failures to Deliver.
+
+This strategy essentially allows market participants to flood the market with phantom shares, drive the price of a stock down, and prevent public companies from raising capital at fair-market value.
+
+Through this strategy, market participants are financially incentivized to bankrupt public companies.
+
+This is **financial terrorism**.
+
+Market participants that seek a fair and just financial system demand an end to this insidious behavior, and advocate for **Strict-Settlement**.
+
+We must completely outlaw naked short selling ASAP.
+
+Thank you for your time. Please feel free to contact me for further information.
+
+Regards, YOUR NAME or ANONYMOUS
+
+P.S.
+
+Here are a few resources that provide more evidence of the negative economic consequences of naked short selling.
+
+Naked, Short, and Greedy: Wall Street’s Failure to Deliver, by Dr. Susanne Trimbath, a former DTC employee
+
+Lessons Not Learned: 10 Steps to Stable Financial Markets, also by Dr. Susanne Trimbath
+
+A 90 minute documentary on YouTube called Wall Street Conspiracy that highlights this issue: [https://youtube.com/watch?v=Kpyhnmd-ZbU&feature=youtu.be](https://youtube.com/watch?v=Kpyhnmd-ZbU&feature=youtu.be)
+
+—————————
+
+**TLDR**
+
+This seriously takes two minutes max if you use the email template.
+
+1. Go to NASAA.org and click Contact Your Regulator
+2. Choose your state/region
+3. Call your regulator. OR, if you’d rather send an email, click on “Visit Website”
+4. Browse webpage for Contact Us
+5. Copy and paste email template into your message, and edit to your liking
+
+DONE
+
+​
+
+If you think this template can be improved, please share your ideas and suggestions!
+
+If we want to make a difference, we must TAKE ACTION.
+
+🦧🦧🦧🦍🦍🦍💎💎💎
+
+​
+
+**EDIT:**
+
+Link for lazy apes [https://www.nasaa.org](https://www.nasaa.org)
+
+1. Some apes have suggested removing the CAPS and using less emotive language.
+2. Some have suggested adding info on dark pools and other sketchy shit that has been happening. I personally decided to keep my email succinct and focused on naked shorting. So decide for yourself how comprehensive you want to be. I will prob call my regulator at a later time to discuss these and other topics related to GME.
+3. For apes outside US/Canada/Mexico: you can help too!! Just choose a random state/region and send them an email.
+4. I updated some of the language to call attention to Shorts, Borrowed Shares, Failures to Deliver, and Strict-Settlement (more encompassing than the term naked shorting). Also, many said to use the term Phantom Shares instead of Counterfeit Shares.
+5. u/patty8mack reported the word “naked” might be getting flagged by some spam filters and preventing emails from getting through.
+So I was just checking the composite rate of I-Bonds today and was literally shocked to see that they are paying 7% interest for the next 6 months: https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds_iratesandterms.htm#compositerate
+
+Bonds issued before 2000 are paying 10% interest, I don't think I've ever seen a composite rate this high before but admittedly I'm young.
+
+Just wanted to share that with the community, I've been mentioning using I-Bonds as an emergency fund for a while, it turns out that wasn't a bad idea for the last few years but damn, this rampant inflation is out of control.
+
+[Rates screenshot](https://i.imgur.com/K9C9l4A.png)
+I think $TRQ is way undervalued given the declining availability of copper and the rising prices of gold and silver. Check the weekly chart, at least. And check their most recent PR and plans for the Turquoise Hill mine with $RIO playing a large role.   
+  
+$AQB did a public offering a bit ago at $2.50 which is where I got in, and today it hit $3.00. They're about to harvest/are harvesting their first batch of the first genetically-modified species to get an FDA approval. The salmon grow to market-size in half the time. They're talking of building another farm and branching off into tilapia and trout. They're based inland in Indiana which greatly reduces shipping costs from Alaska. I'm long on this one for sure. $ARKK has been buying loads of shares... Just unsure if I should wait to buy more.
+EDIT 3: Since numerous people keep asking, this is how I was able to resolve it:
+- I spoke with 3 different reps about cancelling my order. The first said they couldn't cancel orders and that I must wait for the product to arrive then schedule a return.
+- I reached out again and the second rep confirmed they are able to cancel, but would charge a 15% restocking fee. After I politely informed the rep that I did not believe I should be charged this fee, I was transferred to a third rep. 
+- This rep essentially repeated what the second rep said, and I politely asked for my case to be escalated.
+- A manager reached out to hear my case. I explained everything calmly and he agreed that the restocking fee didn't make sense in my case. He double checked my order and confirmed it hadn't processed yet, and no product had moved. He stated they would process the cancellation as normal.
+- I received an email shortly after confirming the cancellation. The refund was posted to my Credit Card, and no restocking fee was charged.
+
+**EDIT 2: I appreciate the continued support and advice hours later, but I’ve successfully remedied the situation. All good here. Thanks!!**
+
+EDIT: I was polite yet persistent and was able to get my order cancelled without a fee. I’ll definitely do my research in the future before ordering from a new place. Thanks to everyone for the advice!
+
+I ordered a TV on Dell’s website and decided against it an hour later. I contacted them about cancelling an order and a rep stated that I will be charged a 15% restocking fee, or about $100.
+
+When I asked for a link to this policy, they referred me to their return policy. I stated that I am not returning anything because I don’t have the product, merely cancelling an order. But they refuse to not charge the “restocking” fee.
+
+Is there anything I can do in this scenario? It feels like a scam to make some money off of cancelled orders. I should add the order is still “processing” so they’ve essentially done nothing with the actual order so far, yet need to charge to “restock” it.
+I can't wrap my mind around these commercials where someone buys their significant other a $60k+ car for Christmas.  They are always so prevalent this time of year.  Who are these commercials geared toward?  Are there that many people in such a financial position?
+Noob here
+
+Bought in KNB at 47.5p, currently sitting at -44% loss.
+Missed the PrimaryBids for CBX. 
+
+Question is do I buy more KNB now 26.3p, to bring my average down?
+When CBX enters the exchange, KNB and other weed stocks will have potential to increase, so if i buy now i could recover my losses. 
+
+Or, do I try and buy CBX when it starts trading, and dump after a few days hopefully making some profit?
+
+Or, do a bit of both, 50/50?
+I have been investing in stocks since last year. I like to understand what I invest in so I tend to stick to easy to understand or consumer businesses. Portmeirion Group makes pottery and has many brands with famous histories like Spode and Wax Lyrical. These are brands that are literally sitting around my house today. Portmeirion Group turns over £90 m in revenues, and usually makes £6.5m in pure profit.
+
+[https://www.portmeiriongroup.com/our-brands](https://www.portmeiriongroup.com/our-brands)
+
+Portmeirion has been hurt by the pandemic as shopping outlets they distribute to have been closed. But for all that the market is rotating at the moment and these stocks are coming back into fashion. Portmeirion should be able to grow very strongly in 2021. The stock was over 800 p at the start of 2020 but unlike other impacted companies, the stock is down at 485p today minus 45% this year.
+
+https://preview.redd.it/kovjkdzz0n261.png?width=899&format=png&auto=webp&s=d2891ffbb20c0d64ff54d4ecdd22fe54ee0dffa4
+
+I think this is an opportunity. 
+
+A) Portmeirion has shored up its finances with an equity raise that has not hurt the profit power of the brands. 
+
+B) The market capitalisation is £68m so the starting valuation of ten times normal pure profit is not a high level. I look at the chart and I think I decipher that Portmeirion before 2020 was valued more like fourteen times pure profit.
+
+C) I like what Portmeirion are doing with the business on ecommerce. It is mostly offline sales today. Like so many businesses Portmeirion is ramping online and the brands should do well here. In the next two years the objective is to get to at least 15% own online sales (they are already at 15% in the first period of 2020 thanks to covid!) and total online sales to over 50% of total sales. This should be higher margin and make them more flexible .
+
+D) I like what they are doing with manufacturing. They have some examples in this powerpoint underneath, replacing old equipment with new machines. Some of these can do 4x the output of the old machines in the same shift time. They are investing in new processes and after covid they should be a more efficient business
+
+[https://www.portmeiriongroup.com/download\_file/force/282/230](https://www.portmeiriongroup.com/download_file/force/282/230)
+
+E) It sounds like they are going to recommence dividends next year.
+
+F) The company says it expect to return to 2019 trading levels in 2021. That would be £93 m of sales and £6 m of net income. The analsyt forecasts are 20% too low at only £5.1 m of net profit.
+
+G) After 2021 Portmeirion believe these crucial investments they are making will mean "sustained annual double digit sales growth thereafter and enhanced operating margin"
+
+For 2022 the analyst forecast is 58 p of pure profit a share which means Portmeirion is only on 8.5 times pure 2022 profit and could be growing double digits after that.
+
+I intend to buy some stock soon.
+
+Stock is Portmeirion Group, uk listed, £68 million market capitalisation, list date December 2004, ISIN GB0006957293
+https://www.fnlondon.com/articles/uk-lawmakers-want-to-gut-mifid-ii-in-wake-of-brexit-as-law-makes-it-more-attractive-to-trade-elsewhere-20210615
+
+(You'll need bypass paywall).
+
+In short, MIFID is why you can't buy ARK funds (among many others) because they don't produce a KID for European investors, including us in the UK. Removing or relaxing these laws would open up those markets.
+
+Some choice extractions for those who don't bypass the paywall:
+
+Relating to KIDs:
+
+>A high-profile group of MPs has urged the prime minister to undergo a radical shakeup of MiFID II rules in the wake of Brexit.
+
+>Key elements of the directive around costs and charges disclosure as well as rules on position limits should be scrapped, according to the government's Taskforce for Innovation, Growth and Regulatory Reform.
+
+>The requirement in MiFID II to provide such costs and charges reports to professional investors and eligible counterparties should be removed, the group argues.
+
+>"These reports are costly and time-consuming to produce (increasing the transaction data-gathering requirement by 270%)," the report reads. "Such disclosures are not beneficial to wholesale clients as the information is already received from brokers. Clients ask for it on an ad hoc and very infrequent basis, so even a different set of standardised disclosures would not be helpful."
+
+Relating to best execution reports:
+
+>The group also argues that calls to scrap best execution reports — documents showing how firms achieved the optimal result for their clients when executing orders — should be "considered seriously" if evidence shows the reports do not add any value.
+
+>The MPs want to water down MiFID II’s position limits in the commodity derivatives market as well. These were initially introduced to prevent market abuse and excessive speculation, dictating the largest position that a firm may have in a particular contract that is traded on an exchange — an issue that was left up to the exchanges themselves before MiFID II.
+>
+However, the taskforce says these limits are "overly precise and inflexible", and that "without reform, the UK will remain at a competitive disadvantage compared to other global financial centres in attracting new commodities markets".
+
+Obviously this is all very early days, but I'd be willing to bet the current government would _love_ to do this, and shout loudly about the benefits for UK investors and for global investment in/through the UK.
+My friend from FF14 discovered I have a stake in ETH and suggested I try playing crypto games/metaverses with him so I can also earn more while playing. 
+
+From a gaming POV, I can’t deny being interested after seeing the gameplay of these ETH titles. But I can’t help but feel hesitant from a staker’s POV. Here are some games I might play: 
+
+* [**Kawaii Islands**](https://twitter.com/kawaii_islands/status/1444244382954127363)**:** The art really stuck to me NGL. I dig the woodpunk/fantasy JRPG aesthetic with idle game mechanics. Basically, you get a floating island you can treat as a farm of sorts. You can craft items with limited customization that you can sell as NFTs. With all the craze in edgy/flashy crypto games, I’m very much leaning towards Kawaii Islands for the idle mechanics. 
+* [**Axie Infinity**](https://axieinfinity.com/)**:** Linked for reference but everyone probably knows this already LOL. The USD 500+ entry rate is a bit steep for me, but the gameplay seems promising. Axies you breed and purchase come with skills that can’t be changed, so choice is always important. Turn-based cards + strategy reminds me a lot of FGO, so it’s definitely intriguing.
+* [**CryptoKitties**](https://www.cryptokitties.co/)**:** Cats are cute lol. That aside, it's a straightforward creature collection with quirky but appealing art. It reminds me of Neopets, so there’s definitely nostalgia kicking in. It’s also one of the first NFT/ETH games to become popular, right?
+* [**Brave Frontier Heroes:**](https://bravefrontierheroes.com/) Always been a fan of JRPGs and I did like Brave Frontier when it came out. I was surprised there’s a crypto game. From what I’ve seen, gameplay isn’t far from the original BF titles. It’s turn based, and units can be customized with items and skills like in the original games.
+* [**Ember Sword**](https://embersword.com/)**:** I dig the isometric POV and the overall art. Reminds me of RuneScape/Albion since it’s a sandbox MMO with freeform fighting and crafting. I feel like the earring aspect might be tricky to get into since there’s a lot to do on the get-go. 
+
+Do you think playing these games are worth it or do you have other recommendations? Really appreciate your responses.
+Hi there!
+
+Do you have any strategies in context of buying ETFs? 
+
+For instance, I have decided to put 30% of my monthly salary into ETF-s, so it's like 500 EUR/month. I am investing long-term, so technically I shouldn't be worried about timing the market as statistically bull market lasts longer than bear market, but the thing is that I've put 80% of my savings into ETFs as I'm trying to run away from my domestic currency which is weak due to inflation (polish zloty - PLN). So far it looks good - I've started about one year ago and I have +14% gain from my investment. But for now, it looks that the market is highly overpriced and I'm a little bit afraid that there might be long bear market. From one side, I'm waiting to buy the dip, but the thing is that I've already used most of my savings to buy ETF's, hence I don't have so much cash available to utilize market's oppurtunities. 
+
+Do you think that my strategy is good? I'm investing relatively safely: 80% iShares Core MSCI World + 20% iShares Emerging Markets - both accumulative. 
+
+Second question: do you even look at ETF's ROE, P/E, GGM, CAPE ratio? Is this even worth considering from long term investment perspective, i.e. 5y+?
+I've always written off ESG (sustainability-biased) ETFs, since they're essentially guaranteed to see worse performance than non-ESG ETFs (purely due to adding uncompensated idiosyncratic risk), and have never really paid them any mind.
+
+But I was recently looking into them for my girlfriend, who was otherwise going to invest in a much worse ESG (with *insane* turnover) as she really liked the concept and didn't care as much about maximizing growth.
+
+After some research, I stumbled across Vanguard's offerings:
+
+* ESGV - US total market / corresponds to VTI
+* VSGX - ex-US total market / corresponds to VXUS
+* VCEB - US corporate bonds / corresponds to VTC
+
+They were interesting because when I glanced at performance they appeared to closely track their non-ESG counterparts:
+
+[**Images of Performance Compared to Benchmarks**](https://imgur.com/a/rSFmLa4)
+
+So next I guessed "well I bet their expense ratios are like 0.25% or more..." but nope:
+
+* ESGV - 0.09%
+* VSGX - 0.12%
+* VCEB - 0.12%
+
+The 0.12%s are a little on the high end but really not that crazy to me.
+
+Then I looked at fund overlap:
+
+* ESGV / VTI - 38% overlap (virtually all ESGV stocks in VTI, as expected)
+* VSGX / VXUS - 73% overlap (virtually all VSGX in VXUS)
+* I wasn't able to do an overlap check on VCEB, its structure makes it very difficult with the tools I was using, hard to say with this one
+
+Moderately high overlap, very well diversified, favoring a passive approach.
+
+Personally I'm considering putting a portion of my VT / VXUS holdings into their ESG counterparts. Maybe 30 - 50%.
+
+Yes there isn't a lot of historical data, but all of these ETFs are highly diversified and are clearly competing to reach a similar risk-to-reward exposure.
+
+Maybe I'll lose 1-2% in the long run off a chunk of my portfolio, but I don't think it will affect my lifestyle in retirement in a meaningful way, and I like the idea of making the world a better place by literally choosing what gets funded, while still capturing most of the value of the market.
+
+Wonder if others have looked into these or other types of ESGs and thoughts on how well they should be expected to track their benchmarks. (I could see a lack of nuclear potentially being a loss for example).
+
+**EDIT:** To clarify, 1-2% will be significant when compounded. To understand, this, if you add $30K / year to investments over 40 years, you will get:
+
+* 6% interest (hypothetical 2% lower ESG performance) - $5M
+* 7% interest (hypothetical 1% lower ESG performance) - $6.6M
+* 8% interest (hypothetical total market performance) - $8.8M
+
+So in one sense taking a 2% haircut translates to a 43% loss in the long run, but if I only apply this for 40% of the portfolio those numbers shift to:
+
+* 6% interest - $7.3M
+* 7% interest - $7.9M
+* 8% interest - $8.8M
+
+For some, that spread will still be too wide, but for many like me, a cut like that is pretty acceptable. Use your own judgement, but it doesn't seem *that* crazy to me.
+Unfortunately lost my dad recently, and came into an inheritance. I’m a semi typical, paycheck to paycheck married suburban dad, homeowner (just renegotiated a 6 month mortgage)
+
+Now, I have unexpected “wealth” (to me), and determined to not waste this opportunity to invest properly. I came into an inheritance at 18 and it basically payed itself out to me over the course of 10 years, rather than growing in principle. 
+
+Not looking to do that this time. It happened mostly due to my negligence and abandoned advisors. 
+
+I signed up for Reddit last year, following the GME story, and wanted to research “The Apes” and follow along with the communities rather than the CNN stories being reported. Then fell in love w Reddit, and follow my cannabis interests etc, and watch people from afar driving Lambos, and buying Switch consoles for local hospitals. 
+
+Now, through unfortunate circumstances, I’m thrust into a spot (like I was at 18) but armed with more experience under my belt, and hopefully communities I can reach out to for advice. 
+
+So, my question is. 
+1. What are some must have  “safe” EFT’s?
+2. Are there EFT’s that are on a dip right now, that should bounce back (Travel, Hotel, Airline Cruise) post COVID 
+3. Are “Tech” EFT’s overvalued right now (Tesla, Apple) so buying right now I’d be buying at the high? Or are they considered “blue chip” probably not going down?
+4. Same as crypto? Is it too high, or put a small percentage in?
+4a. Would investing in blockchain the tech behind it all “smarter”?
+
+I really appreciate any feedback. I’m taking any advice with many grains of salt, and not going to answer any DM’s due to obvious scam ramifications. I just really want to start on my own DD and looking for a community to help before I make any decisions. 
+Thanks again fam.
+I've been growing in concern over the massive stock buyback bubble we are experiencing over the last few years.  This year alone, companies are on track to buy back $800 billion dollars of themselves (a 51% increase from last year and another all time record) (citation: [http://fortune.com/2018/04/20/stock\-market\-buybacks\-nervous/](http://fortune.com/2018/04/20/stock-market-buybacks-nervous/)) . Most of these buybacks are centered in the tech sector that has subsequently experienced the most growth with the most gains when they did the most buybacks. Apple alone is buying back $100 Billion dollars this year. One figure alone said that many of the tech companies in the S&P 500 are planning to buy back as much as 10% of their market caps. This normally wouldn't concern me that much except that there's this: [https://fred.stlouisfed.org/series/NCBDBIQ027S](https://fred.stlouisfed.org/series/NCBDBIQ027S)
+
+It's a chart of nonfinancial corporate business debt. (The fact that it's nonfinancial is significant because financial companies are typically quite leveraged, and high debt is just a sign of success) Now, the debt levels wouldn't concern me either if the money was being used to reinvest in the businesses, but they aren't. If companies were just using their excess cash to buy back stock and issue dividends, I would see it as just a business decision, but they are literally cannibalizing themselves by taking on massive loads of debt just to pump up their own stock prices. The majority of the new debt that isn't used for refinancing is used to buy back stocks. 
+
+I see a direct parallel to the Mortgage Backed Security market of 2005. In a controlled environment, isolated failures would be absorbed by the larger system with minimal loss. When everyone is too leveraged though, a small failure can have catastrophic consequences. Back in 2004, I had a blog preaching a possible crash in the MBS market, and I was dead on right. The part I was wrong about was that I expected it to happen a LOT sooner than it did. Markets can behave irrationally for a LONG time. 
+
+This is how I see this potentially playing out. Interest rates go up a percent or two because a company is too leveraged and because the whole bond market raises its rates (pretty much a sure bet this will happen), one company can't refinance its debt without showing a loss. So, they reissue a small amount of stock or just accept a reduction in their credit rating. The problem is when all the companies suddenly have to deal with this, the bond market would shift rapidly to higher interest rates to compensate for all the reductions in credit rating and an overall uneasiness about the state of the debt market. This would make the problem worse which would in turn make interest rates even higher. It's a feedback loop like the MBS crash and subsequent foreclosure crisis. Companies will be left with no choice but to reissue stock to raise capital, and that will crash the stock market resulting in much less money for the same amount of company sold. So, they will have to sell more resulting in bigger valuation reductions. In other words, I see a 25% crash in the stock AND bond market in the imminent future. Once again, I'm probably calling this way too early like I did last time. So, this might not happen for two years, but it will most likely happen.
+
+Any thoughts, arguments, discussions welcomed on this please.
+Question for the veteran algo traders about the impact the Wash Rule has on your tax bill.  As algo traders I assume we transact many hundreds or thousands of trades per year, and over the course of a year we’ll trade many of the same instruments repeatedly, many of which will be losing trades. Which stands to reason that most (maybe all) our trades are “wash trades”.  If I understand correctly, we are taxed on our GROSS earning, and not the net earning because we can’t deduct our losses.  
+
+This article in Forbes about a guy who netted only $45,000 in earnings, but has an $800,000 tax bill! has me a little worried.
+
+https://www.forbes.com/sites/shaharziv/2021/03/26/robinhood-trader-may-face-800000-tax-bill/amp/
+
+He bought and sold the same stocks many times over and sometimes incurred some big losses.  But despite his drawdowns he is taxed on every single gain but can’t include his realized losses.  Unbelievable, but true.
+
+This seems like something algo traders must surely come up against given the frequency of our transactions and the amount of our realized losses.  How do you reconcile the “profit” you earn with a massive tax bill?   How can algo trading even be viable for non-professionals if the tax exceeds the profit?
+**This is** ***not*** **TA.\***
+
+You might remember my series of posts here from not too long ago:
+
+[Part 1: Major assets vs. GME](https://www.reddit.com/r/Superstonk/comments/vyv5xl/part_1_critical_margin_theory_shown_in_price/)
+
+[Part 2: The behavior of "normal" stonks](https://www.reddit.com/r/Superstonk/comments/vyv7u2/part_2_critical_margin_theory_shown_in_price/)
+
+[Part 3: Basket stocks in comparison](https://www.reddit.com/r/Superstonk/comments/vyv8ri/part_3_critical_margin_theory_shown_in_price/)
+
+[Part 4: Kenny's world is crumbling](https://www.reddit.com/r/Superstonk/comments/vyv9x4/part_4_critical_margin_theory_shown_in_price/)
+
+[UPDATE](https://www.reddit.com/r/Superstonk/comments/vz7pt1/update_critical_margin_theory_shown_in_price/)
+
+Well, since so much happened in those 1-2 weeks, I decided to do a follow-up on where things stand as of right now
+
+# Summary of the previous parts
+
+In  Part 1 I've shown and explained how GME's price acts in relation to  major assets and how it is prevented from crossing a certain price  ratio. In Part 2 I've shown how some "normal" stocks look like in  comparison and in Part 3 how other basket stocks behave. Part 4 finally  was trying to look for potential answers as to "why" this all is  happening and then compared specifically Citadel's long positions to  GME. At the time the SPY/GME chart looked like this:
+
+[SPY\/GME after close on July 13th.](https://preview.redd.it/y488vyxqjpd91.png?width=1243&format=png&auto=webp&s=dd385a3e7aed35cd4eec61d1b6f16be5330e85ca)
+
+The SPY/GME chart closed right on the trendline and it was interesting to see what would happen next. Would we bounce off of it again, or break through and maybe cause hell on earth for Kenny in the form of margin calls?
+
+A day later on July 15th I made an Update to the previous parts, where indeed we broke through quite aggressively at market open, but then GME got shorted back down into the ground and SPY/GME closed just above the line once again as shown below.
+
+[SPY\/GME after close on July 14th.](https://preview.redd.it/tvw8kminkpd91.png?width=1243&format=png&auto=webp&s=fba400607809e8eb911492ed6a7578a738b75edc)
+
+A closer look to what happened on that day:
+
+[ GME 5min chart with SPY overlayed on July 14th.](https://preview.redd.it/2pt7md8xkpd91.png?width=1243&format=png&auto=webp&s=b0e1eb2d8f0032255dde8d8b9c4b622f08b64565)
+
+>*Well I'll be damned. We crossed significantly right after market open on  the SPY/GME chart, when SPY dropped on recession fears but GME  continued to increase slowly but steadily up to $151.95 as shown below.  Then GME suddenly dropped down massively for no reason, whereas SPY rose  again. Just in time for the price ratio of SPY/GME to pop up right  above the trendline again before close (image above). "Phew... margin  call averted." - Kenny, probably*
+
+# What happened in the mean time?
+
+So Kenny's ass was saved for one more day/week back then. But GME's climb hasn't stopped there. Let's look at the current split-adjusted SPY/GME chart:
+
+[SPY\/GME after close July 22nd.](https://preview.redd.it/b2ysydt2mpd91.png?width=1243&format=png&auto=webp&s=71fd2e5c5e5857e6376bdd073fb50bd93cf73195)
+
+Ok a bit tough to see what's going on... Enhaaaaance:
+
+[SPY\/GME after close July 22nd. Zoomed.](https://preview.redd.it/9dc1a5ibmpd91.png?width=1243&format=png&auto=webp&s=0ae7b609953a764cf2f4b57a8c785987244d1283)
+
+Yeeaaup. While Kenny was happy to survive that Friday, we broke through on Monday 18th once again. And stayed there for a few days. Kenny was toying with the idea of OD'ing on mayo. But oh surprise by Friday, just after the stock split the whole market tanked.
+
+But wait. For some reason GME along with many other meme stocks and other non-meme but still retail darling stonks went down. And they went down hard. GME went down almost 7%, others went down even more.
+
+BUT... on that deeply red day, the SPY still managed to "only" go down less than 1% after it went up just as much the day before. So that explains why the SPY/GME chart managed to close just above the trendline. Again.
+
+# Kenny's longs / collateral
+
+But not just the SPY/GME went back up, many of Kenny's longs that they are using for collateral went back up against GME in their respective X/GME charts. I'm saying "many" because I haven't checked all of them but it could very well be "most" or "all". So let's have a look at some of them:
+
+[AMD\/GME](https://preview.redd.it/vv9ljvrqopd91.png?width=1243&format=png&auto=webp&s=d1d4c2006cbb669b5a7d93eacd61fbc04114b8f7)
+
+[AAPL\/GME](https://preview.redd.it/fsl4jpw0ppd91.png?width=1243&format=png&auto=webp&s=93016be66e0d3916d3ba0cb88d41e01479773859)
+
+[NFLX\/GME](https://preview.redd.it/w8wosphdqpd91.png?width=1243&format=png&auto=webp&s=43fe79093af4fc99892daa0db2b3f9e7d843e6a0)
+
+[MSFT\/GME](https://preview.redd.it/gf212ukyppd91.png?width=1243&format=png&auto=webp&s=1ab5efa6e7f66d4602fdcce7fc8d2654e767d80e)
+
+​
+
+**Some that crossed but got pushed back above the trendline:**
+
+[NVDA\/GME](https://preview.redd.it/ryl8tjx6ppd91.png?width=1243&format=png&auto=webp&s=f653e6576b3b52c4c2fe94ed145de8924383653d)
+
+[TSLA\/GME](https://preview.redd.it/pxos8vntopd91.png?width=1243&format=png&auto=webp&s=8143a0359ac318ae76a849d9d7fc94d7c03bc39f)
+
+[AMZN\/GME](https://preview.redd.it/wtgt5hh3qpd91.png?width=1243&format=png&auto=webp&s=c15632f487a25aafb0f8a1cd52746a5bf28f7560)
+
+# Last but not least BeetCoin just for fun:
+
+[BTCUSD\/GME](https://preview.redd.it/y8f1e6ufrpd91.png?width=1243&format=png&auto=webp&s=4788481bee52dcea1cd2e8341b03c41cb584d6c4)
+
+# Conclusion
+
+Last week we actually crossed, especially on the SPY/GME chart, more than ever since the sneeze. Since they are using those longs as collateral, I believe they need to keep GME in a certain price ratio (which this X/GME trendline essentially represents) to their collateral/longs in order to avoid being margin called. It is also my *believe* that Kenny's got margin called in the last 1-2 weeks, which he probably barely managed to comply with. Tick tock...
+
+**Tin-foil-hat time**
+
+After my initial series of posts some ape reached out to me to tell me that coinciding with my DD a friend of his who works in the industry told him how crazy things are right now and how a lot of clients (SHFs) were having margin concerns. I can't go into more detail to avoid any trouble, but that's the core of it and I didn't get any details that were spicier anyhow. But yes, we have a "Trust me bro"^(2) type situation over here, which means take that last part with 69 grains of salt.
+
+​
+
+=================================================================================
+
+# * A final note on how I don't see this as TA
+
+Some apes seem to dismiss these posts purely based on the fact that they see colorful lines on charts thinking this is TA. After all "fundamentals deal with balance sheets and income sheets" whereas "everything dealing with charts is TA".
+
+Well look at it this way: This is about price ratios between short positions and long collateral.
+
+While that can be drawn in a chart just as I did above, it ultimately is *precisely* about balance sheets, and how a shrinking of one side of  the balance sheet or increasing of the other may suddenly make Kenny choke on his mayo.
+
+=================================================================================
+> https://investor.salesforce.com/press-releases/press-release-details/2020/Salesforce-Signs-Definitive-Agreement-to-Acquire-Slack/default.aspx
+
+> Salesforce (NYSE: CRM), the global leader in CRM, and Slack Technologies, Inc. (NYSE: WORK), the most innovative enterprise communications platform, have entered into a definitive agreement under which Salesforce will acquire Slack. Under the terms of the agreement, Slack shareholders will receive $26.79 in cash and 0.0776 shares of Salesforce common stock for each Slack share, representing an enterprise value of approximately $27.7 billion based on the closing price of Salesforce’s common stock on November 30, 2020.
+
+> The board of directors of each of Salesforce and Slack have approved the transaction and the Slack board recommends that Slack stockholders approve the transaction and adopt the merger agreement. The transaction is anticipated to close in the second quarter of Salesforce’s fiscal year 2022, subject to approval by the Slack stockholders, the receipt of required regulatory approvals and other customary closing conditions.
+Hi everyone,
+I’m looking for recommendations on a good algorithmic trading resource that I can use with Python.  I would really like to get a deeper understanding of the subject because I want to pursue Data Science as a career and I believe algorithmic trading is a great entry point considering my major.
+Just as a side note, if anyone is well-knowledgeable Machine Learning I would really appreciate some recommendations on that too.
+
+Thank you everyone in advance for your time.
+Good Morning Apes!
+
+Some things I want to go over this morning are
+
+* where we are in the cycle
+* show you all some DIX pics
+* do a little dive into yelyah's latest
+* summary of current data
+
+**Current Cycle Period**
+
+[So over the course of this T+2 window \(Jan 24\/25\/26\) GME has gamma exposure from LEAPs that expired on Jan 21 22', and FTDs from any futures contracts that expired. ](https://preview.redd.it/ozade4lk6ud81.png?width=2457&format=png&auto=webp&s=7f2018f698c3d5e6ae2b4145e64fd569ad4bd8b9)
+
+I still think the peak of this FTD pile-up is going to occur out in the beginning of February, but because of the unknown nature of today's FTDs (both net short/long, and quantity) it could be significant.
+
+Due to the stop on reporting by the CFTC we do not know the scope of FTDs from futures the could be minimal or significant but we had quite a lot of volume yesterday (much of it internalized).
+
+[DP volume from around 3pm yesterday](https://preview.redd.it/5v8cln287ud81.png?width=937&format=png&auto=webp&s=0226d9348f5a48375a77db20958c9f03c6f0f245)
+
+As for the gamma exposure well their goal appears to be to short below the exposure as it carries to much upside risk and they don't want to let a gamma ramp run wild so it's better for them to try to bring the price down in the short-term than let that internalization and exposure be realized later when delta sensitivity is lower. This is likely the cause of the massive shorting campaign we have seen recently and also the cause of the "dip before the rip" scenario we see in other short squeezes.
+
+**Dix Pics**
+
+Their asymmetric risk is continuing to compound with the run yesterday many of the puts they loaded up on for price suppression purposes were blown up by market close. They need these put walls erected in order to cover FTDs and keep the price stagnant. But as many of you saw yesterday their position across all the stocks in the basket is slipping as M, JWN, DDS, and even XRT overperformed.
+
+[Asymmetric risk is wider than it has been all year](https://preview.redd.it/6zx2ysl89ud81.png?width=2476&format=png&auto=webp&s=9266cc6048f20d65d89e0f0e27decdb644fc9c28)
+
+[Approaching levels not seen since last February](https://preview.redd.it/rpr9aw5e9ud81.png?width=2477&format=png&auto=webp&s=4d668e7a76570e3e09fd8f9e6e65ccaa59825ae7)
+
+**Yelyah2 Update**
+
+[Delta neutral still dropping with the price, which means the options market is supporting the price decline, the latest Delta Sensitivity spike indicates large amounts of hedging could occur with an increase in price of the underlying.](https://preview.redd.it/p2tul1gl9ud81.png?width=909&format=png&auto=webp&s=d700efc1b48f56acc2b89866869194b820d6cbde)
+
+[Vega neutral can sometimes act as a floor like it did during March of last year, it's currently around $61](https://preview.redd.it/l8wvak8m9ud81.png?width=909&format=png&auto=webp&s=373aede065997dae4477e8099c6c2c810df7bfc9)
+
+[Gamma sensitivity is not particularly large especially when compared with last January](https://preview.redd.it/12x9uptm9ud81.png?width=910&format=png&auto=webp&s=4082c865be9efc6383ce7e526fa72cbce589680f)
+
+**My person TLDR:**
+
+I think they continuously short under these Delta sensitivity spikes and push there exposure out to a window of time were sensitivity is reduced and upside potential from delta hedging is reduced. While the options market supports our decline that is likely due to the large number of ITM puts we have seen purchased over the last week. But since that hedge is inverse the hedge of a naked call if they are sold or exercised like we saw last Friday, we can see positive pressure as MMs buy back in to shed their hedge.
+
+**Summation:**
+
+Because many retail investors are buying long dated calls we are see these large Delta sensitivity spikes over and over again, far larger than we saw last year because many are diamond handing them and averaging down/rolling forward positions. This in essence can create squeeze conditions.
+
+https://preview.redd.it/64g9wkh2cud81.png?width=1741&format=png&auto=webp&s=859009730a0976ea7914bab7714ec8bbcff8a948
+
+Since the majority of shorting is synthetic these positions must be inversed within 35 days. Is it any wonder that as long-term options became a more widely discussed topic on this sub, we have shorting on a previously unseen scale. To me it looks like they are trying to get people to sell and reduce the potential for upside movement. With retail holding all the shares and sitting on leverage for at least another multiple of the float this puts them in a precarious position.
+
+With the current conditions in the market and asymmetric risk stacking up in both the equity and derivatives market on GME squeeze potential is very high.
+
+​
+
+**You are welcome to check** [my profile](https://www.reddit.com/user/gherkinit) **for links to my previous DD, and YouTube Livestream & Clips**
+
+Historical Resistance/Support:
+
+46, 92, 98, 100, 104.50, 116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 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 Market
+
+Another day of internalization and them drawing the line at $100. They have till tomorrow's market open to settle any FTDs due today, and can delay those through dark pools till later in the day. I remain optimistic for now and we will see how this plays out going into tomorrow. Our volume remains higher than the 3m rolling average but with some much order flow internalized we are seeing little price improvement. 
+
+https://preview.redd.it/5jn1xrr8fwd81.png?width=920&format=png&auto=webp&s=f1827e16dcdacffbf652a40c021fccf8663ddce0
+
+https://preview.redd.it/qz1bchpbfwd81.png?width=900&format=png&auto=webp&s=ff338925933e373d66bd8c24dc44ce10fa062eb1
+
+https://preview.redd.it/j2dv8hl4fwd81.png?width=734&format=png&auto=webp&s=72c7df7d19dd225090ecc6d2cdb829c5ff648e77
+
+Edit 4 1:36
+
+Starting to move up and fill in the massive number of upside gaps volume is low and we could fail the resistance
+
+https://preview.redd.it/rspfpj6tovd81.png?width=1523&format=png&auto=webp&s=6f55f8752916340cfadb13182db8f262d86c5f8f
+
+Edit 3 11:18
+
+Gap filled
+
+https://preview.redd.it/encrpku50vd81.png?width=1514&format=png&auto=webp&s=7de2859e10bd97150f56a596f195b7b30efd90a3
+
+Edit 2 11:00
+
+Looks like we are going to drop to fill that gap at 100 or the one at 97
+
+https://preview.redd.it/n8gdm0d3xud81.png?width=1524&format=png&auto=webp&s=c5a4837666cb192f928824d89ded70d4893d5160
+
+Edit 1 10:15
+
+Price action picking up a bit as we gap up over $100, could be the start of something given th4e volume improvement.
+
+https://preview.redd.it/udd4b7r9pud81.png?width=1519&format=png&auto=webp&s=245d77ee9bc0253b06d4f5445cb92db7b6dcc8d6
+
+# Pre-Market Analysis
+
+Pretty big short interest this morning with roughly 150k shares borrowed from Fidelity and about the same from IBKR. But all for only $4 price drop from yesterdays close so far. I imagine they will short near open to try to get some of those $95 and $100 puts picked up.
+
+Volume: 46.17k
+
+Max Pain:
+
+[Max pain now moved down from yesterday this means exposure to call side hedging is getting closer.](https://preview.redd.it/v38qodtzdud81.png?width=2097&format=png&auto=webp&s=d954b610ce36328c448c99eb1800c43ae2a04b32)
+
+Shares to Borrow:
+
+IBKR - 6,000 @ 0.8%
+
+Fidelity - 2,869 @ 0.75%
+
+[GME on pre-market on the 1m](https://preview.redd.it/ohugei5beud81.png?width=1537&format=png&auto=webp&s=ad9438f915a61192f09373ac0feae6beeef66c45)
+
+TTM Squeeze
+
+https://preview.redd.it/a5dfmbbjeud81.png?width=2456&format=png&auto=webp&s=ef202ef951b5fc4e45cdb9d55b635a55e3179b0a
+
+CV\_VWAP
+
+[Still a bit negative so some bounce back may be expected](https://preview.redd.it/c5a9k9roeud81.png?width=2459&format=png&auto=webp&s=86adde1d8b2f0a69f0f82155d738c6f186654236)
+
+**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. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁
+
+*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.*
+
+\**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.*
+Maybe it is just my perception, but in this sub, there seems be a growing resentment toward those in poverty from those that aren't.
+
+There is a very real difference between poor people that are looking to improve sub-par financial positions, and those that don't have the means to meet the minimum requirements for a sustainable life.
+
+Comments like this "Christ you are tiring. You have at least a dozen posts like this on this forum all linking your site and plugging how you can make $250 a month from a hours work each day. So utterly transparent." are far from uncommon.
+
+What comments like that fail to understand is that to those of us in actual poverty, that kind of money is everything. We don't have a wage. We don't have welfare. If we don't scrape up pennies from anywhere we can get them, we die. That might sound dramatic to you and I guess it is, but it is the reality we must endure. I get it, it is a reality that you don't quite understand and I am glad that you don't. It means your life isn't as crappy as it could be - that is a good thing.
+
+But this is poverty finance. This is the place where those of us in need of those pennies that are beneath you, should be able to freely share our knowledge. We should be able to pool our knowledge to help one another. And we should be able to do so without being persecuted by those that just can't understand what it actually means to experience sheer desperation.
+
+I'm not saying that poor people don't belong here. I absolutely welcome posts with advice on how to secure a raise at work. They might not be relevant to the likes of me right now, but I am looking forward to the day they will be.
+
+All that I am asking is that you show those of us that are experiencing poverty that same level of respect. If the plights of those in worse situations aren't relevant to you, then just move on and ignore them. Don't take the time to persecute the desperate. It isn't helpful for anyone.
+
+We can coexist. We should coexist. 
+What did you do to get the job? What do you have in terms of certifications or degrees? It seems like a lot of people are earning that nowadays and I just don't see how.
+Maybe this belongs in r/tifu. Ugh. When our first of three children was born 12 years ago, my wife set up a 529 plan with a healthy chunk of money in it. Over the years we dropped more and more healthy amounts in, as we were able. As additional kids came along, we set up new accounts and added money as aggressively as we were able, thinking we’re doing all the right things to prepare for our kids’ educations and futures. Sounds responsible, right? 
+
+Here’s the big mistake. I didn’t look at the accounts at all, and just assumed they were growing in a healthy, compounding way. 12 years later we should be in a really good spot! Looked this week while preparing for convos with a new FA. I was shocked. The accounts had barely grown beyond our contributions. Looked a little closer. She had selected the very, very least aggressive growth option, basically the money was sitting as cash collecting no interest. At all. For 12 years. FML. I’ve seriously felt like throwing up all weekend thinking about this. 
+
+I’m not great at calculating these things, but I think it’s somewhere between $150k-$220k (considering compounding interest) we’ve left on the table by collecting almost no interest over these years. I’m completely devastated. Not too upset with my wife, btw, mostly with me for not being involved, not checking progress, and blindly trusting. Would love to hear that I’m actually an idiot because I’ve miscalculated the growth we’ve missed out on. Maybe just a sympathetic word of encouragement or pat on the back?
+
+TL;DR - Dumped money into 529 for 12 years that was not accruing interest and missed out on a whole lotta growth.
+I’m currently working full time as an engineer and make quite decent money. Still living at home with parents. Does anyone have any recommendations for second jobs that can be done outside the standard 9-5 of my first job?
+
+I’m a recent uni grad and hoping to save a deposit quicker. Any help would be appreciated.
+Say for example a country was trying to maximize competition in the banking sector in a bid to eliminate rent-seeking / regulatory capture. Could most regulations be safely eliminated with, say, a much higher reserve requirement?
+
+
+And if more regulations at a minimum would be required, which do you propose would be most critical to minimize the chances of a systemic failure?
+I’m curious if y’all are sticking around given that you can probably work from home (if you’re still working) and a lot of the area’s appeal is stunted by Covid. 
+
+I’ve been abroad for awhile and am on the fence about coming back during such a crazy time. Advice appreciated!
+It's happened again. This sub is continuously saying no dates and yet earnings call has been hyped. I for one am not hyped and know that given the previous hyped dates have all failed to cause a squeeze that this one is likely to be the same. It'll happen when it happens.
+
+​
+
+Prepare yourself. Don't get hyped.
+[Link here](https://www.afr.com/companies/financial-services/apra-tightens-lending-rules-to-target-property-boom-20211006-p58xlh?utm_medium=social&utm_campaign=nc&utm_source=Facebook&fbclid=IwAR2KDIHWjQAWKHd26cUi6-JEHKe_2qvzgi2g8XOhWmH8V0RhVPtuPog3tp8#Echobox=1633470703)
+
+Apparently APRA is going to raise the serviceability buffer from from 2.5% to 3%.
+
+Is it just me or will this hurt the average FHB? Increasing the buffer decreases the amount you can borrow. Which is great except major cities like Sydney/Melbourne have one bedders starting at 600k in most suburbs (and yes I know there is more to Australia than the major cities but a lot of people still live there)...
+mid-30s, single no kids, no property, Unisuper
+
+I basically spent way too much time in my 20s studying at university so really only started earning money in my 30s; though I did earn some money in my early 20s teaching at uni I didn't know switching it from conservative option to high growth was even a thing...
+
+At the start of this year I probably had about 30K in my super? 😅 Further unaided by two separate super funds for most of my early 30s
+
+I've since switched my asset allocations to higher growth options, rolled my two superannuation funds into one (Unisuper), and my super balance is now \~$35K. I've moved back into the family home during covid to reduce rent/bills + am in process of making career change to something higher-paying - aiming for tech sector - and aiming to increase super portfolio to at least 50K by end of year through personal contributions of whatever money I'm now not paying in rent + the money I'm saving by not really going anywhere during lockdown 😅 Oh - also, didn't make any super withdrawals last year when the government allowed people to dip into super
+
+My heart still drops into my stomach anytime I look at my super account (which I force myself to do every Friday, just to remind myself it needs work) but starting to feel a glimmer of hope that it's heading in the right direction!
+
+Long-term I'd love to invest in vanguard and put money aside to buying property, but for now I'm panicking about having enough to look after myself when I'm older, so I figure that's probably my first priority 😅
+
+​
+
+Just wanted to share my story to celebrate / to empathise with anyone else out there who isn't really in the right place financially, but taking steps to correct it
+Is it realistic to sell naked ~15 delta puts on quality companies using technical analysis and make 1% a week over the long run? Yes the obvious is what happens during a major downturn but the idea would be to roll down or down and out. 
+
+And please for the love of God I don’t want to hear “it works until it doesn’t”
+Please talk me out of selling $5 csp's on AMC for September. Premium is $2.24... so I'd be getting paid $224 to put $500 of collateral down. If they get assigned, the basis would be $2.76/share. I know movie theatres are on hard times - but AMC used the WSB pop to its advantage and moved $1B of debt off its balance sheet. [Link](https://www.washingtonpost.com/business/2021/02/02/amc-wallstreetbets-stock-debt/)  I don't think they'll go bankrupt, but they may downsize and offload some properties at some point...so does the stock have long-term value at $2.76? How dumb of a play is this?
+Would love to hear your opinions. Seeing a lot of videos recently (tcruz as an example) of people buying cheap properties in the Midwest for 30-40k and then renting to section 8 for 1200-1300/month. 
+
+Anyone have experience in doing this successfully? I’m sure those gurus are trying to sell courses. But it can’t be that easy? If it were that easy a lot of people could do it.
+So Ive been researching a lot of placed in EU, checked salaries, taxes, cost of living, other peoples experiences, and basically what I gathered is: its technically impossible to have a decent life and save money unless you are a CEO or a higher up, or live rent free at parents, or gained a nice inheritance.
+Basically most comments said 'dont eat out often, dont go out often, rent outside of city center, dont use public transport'...  Now these were mostly for switzerland, but considering switzerland still has the best after tax PPP I guess other countries are no better...
+
+That said these were for starting salaries after graudating -graduating after masters degree in a pretty well paid field,finance/econ/data analysis-
+Do these comments and stuff reflect reality? Because this is pretty fucked up then.
+I'm back again with some good news, so those of you who are wondering what the fuck is going on, I'm here to save the day.
+
+​
+
+https://preview.redd.it/625leu6yqwc81.png?width=600&format=png&auto=webp&s=68c34d3aa276650e3f900fce9e0b5c56c9397374
+
+So we have been in a bear market now for a few months and I'm sure a lot of you have been wondering what is going on. Well, it's simple, the bears have been in control for a while, that's it.
+
+To get to it, I make Technical Analysis posts and I have some good news for you. We're reaching potential reaction areas where we can see reversal movement.
+
+​
+
+[Daily Timeframe](https://preview.redd.it/d6z96j0snwc81.png?width=1535&format=png&auto=webp&s=658ccb499b043988d43c5884798315d44b6d67f9)
+
+Please ignore the trendlines and indicators, as these are subjective and only serve as directional bias indications.
+
+We recently broke below the key level of $132 and have been continuing down towards the next level of $97-88. This area is significant as it hasn't yet been re-visited by the banks, so we could see a reaction. It could also be the beginning of a reversion move.
+
+​
+
+[15 minute Timeframe](https://preview.redd.it/rmccimnaqwc81.png?width=1535&format=png&auto=webp&s=bd267c9417f00359275eec93e841930e12ad0731)
+
+This will be a mixed response analysis, some of you will be excited and some disparaged, but I assure you, we will be seeing some reversal patterns emerging in this area of the market.
+
+We are coming to $97 which is an area of liquidity that hasn't been tested yet. I'm looking for reversal patterns in this area between $97-88. If the price closes under $88, then it is highly probable that the price will be going to test the next area of liquidity, which is $48.
+
+[2hr Timeframe](https://preview.redd.it/9lrxuqxtqwc81.png?width=1535&format=png&auto=webp&s=3445b7a55c67e589e17cf3d23c7c31435bf13dc6)
+
+Now this news may not be the best news for some of you, but I am really excited to see this as it means we're about to see some big volatility happening and potential for higher highs. I would like to see a new ATH; that's how excited I am.
+
+This is quite a brief one as there's not much more for me to say.
+
+Keep it simple, stupid.
+
+Happy mooning, Apes!
+
+https://preview.redd.it/cah47zelswc81.png?width=1600&format=png&auto=webp&s=d21f82bee1a0dbc00a04fc73d8ef40bcf4d6706f
+
+EDIT1: Look, you seem to forget that there are unbiased institutions that are also controlling this stock. What's to say that those institutions aren't pushing the price down into these demand zones in order to load up their positions for a larger long play? It's not all about the overleveraged short sellers here.
+Welcome to the Daily General Discussion thread of /r/EthTrader.
+
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+
+***
+
+The thread guidelines are as follows:
+
+-  Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread.
+-  All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above.
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+
+ Resources and other information:
+
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+
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+
+***
+
+Enjoy!
+
+We don't need to see the same piss poor 'journalist' hit piece about how retail has fatigue 50 times in one day, it's not big news that shitty journalists in the pocket of big finance are constantly trying to discredit us.
+
+You're padding their metrics by clicking this shit and posting it here. Providing them ad revenue and giving it legiticimacy, that's how propaganda works, if you shout loud enough for often enough then even a stupid idea will be believed, just ignore this garbage.
+I just received "debt consolidation" offers from Crisp Funds and Whistler Funding. I found it odd they were essentially identical, seemed to offer too good to be true rates and had no Reg Z disclosures.
+
+In the little bit of research I've done I've found that the same "company" is doing business under numerous names all run by the semi-infamous MEC Distribution...
+
+Their previous "businesses" include:
+
+Guardian Angel Funding
+
+Graphite Funding
+
+Salvation Funding
+
+Doublestar Financial
+
+Broadstar Financial
+
+Bridgeline Funding
+
+Pebblestone Financial
+
+Lafayette Funding
+
+Crestmont Funding
+
+Guardian Angel Funding
+
+Sovereign Funding
+
+It appears that since they caught so much heat under these names they have recently opened new "businesses"...I have found at least 3 new ones:
+
+Crisp Funds
+Whistler Funding
+Stonedale Partners
+
+Identical mailers, nearly identical websites, all 3 sites anonymously registered on 10/25/18. God knows how many other names they're functioning under. They're also using virtual addresses for all of their "businesses"...
+
+Their disclosures state they are a marketing firm that simply tries to connect you to an outside lender and make a referral bonus but people who have spoken to them are told "they couldn't find a match for you" and they recommend their scammy debt settlement program. 
+
+Perhaps worst of all, they're run under a Rent-A-Tribe scam so that they are protected against lawsuits by sovereign immunity afforded to Native American tribes by operating as a "tribal-run" business. So you wouldn't have any recourse for when they inevitably scam you. (This is also how they get away with not having the legally required Reg Z disclosures on their offers)
+
+Beware!!!
+
+Edited to update MEC Funding to the name found on BBB, etc. (MEC Distribution) so folks can see some of the prior issues
+
+Update 2: More "businesses" found that are this same group:
+
+Chevron Funding  
+Patriot Funding  
+Glider Lending  
+Tweed Funding / Tweed Lending  
+Concourse Lending  
+Piper Funding  
+Stallion Lending  
+Bicostal Funding  
+
+Hat tip to u/HereComesMyDingDong for the additional finds!
+Since the start of the pandemic commodities that we use every day like OIL, Wheat, Lumber, cotton steal, etc have seen high double-digit price increases or even low triple-digit price increases yet inflation is only at 7.9%?
+ 
+
+I am trying to get my head around how ETF's are priced and im not entirely sure about this one aspect. An ETF tracks the price of an underlying basket of assets and moves in price when they move in price. I understand that the ETF gains its liquidity from the underlyings as well as the ETF itself being traded on an exchange, but its price isnt impacted by it's supply and demand right?
+
+it makes sense to me that when the ETF begins increasing in price, Authorized participants trade in their basket of underlying assets for the ETF and then they would just sell their ETF on the open market so its an arbitrage opportunity , surely this cant occur.
+
+I believe that through Creation and redemption, Market makers and AP'S ensure that the price remains at a fair value compared to the underlyings. So if the ETF is trading higher than the underlying price, I believe that an AP can buy the underlyings on the open market and then exchange it directly through the ETF provider for the ETF to then sell for risk free money, this naturally drives the price of ETF's down and the inverse happens to increase them.
+Hey all, 
+
+As the title suggests, I've been self-employed since April 2021 as a freelance writer. I had no experience in this industry and set up an account on Upwork, and before I knew it I was earning more money than I'd earned in my life. It was unexpected, and I was not smart with my money, going on a lot of holidays and spending most of what I earned.   
+
+
+I was aware that I would have to pay my tax, but kept putting it off and thinking that I could just re-earn the money whenever I needed. However, sods law, I've lost two big clients recently and am now scrambling to earn the same money again. I haven't done my self assessment yet but it is due along with payment on the 31st of January, and I plan to do it in the next couple of weeks. 
+
+I currently only have about £1,000, and I believe my tax will be around £7,000. On top of this, when I signed up for my self assessment I was told that as a first year self employer I would have to pay half of next years as well. This would bring it to £10,500, with National Insurance even more, and maaan I do not have this money. 
+
+I have perhaps £1,000 right now and if I lived frugally, I reckon I could save up maybe £5,000 if I'm lucky and find a couple of extra clients before January. I also have £7,000 worth of stocks which I really don't want to sell as they were bought at £12,000 (my whole portfolio is down like 40%). However, if I could save up £5K and sell these at that price, it might just get me out of this situation. 
+
+I realize this is very stupid of me to get into this situation, but I'm asking you for advice. What would you do? Will HRMC take it easy on me? Is there an option to pay tax in installments? Would you sell the stocks and just work your ass off? Another option is my parents - I know that they would help me out and I would pay them back, but I think it would be better to handle this situation myself and not get in debt to my parents. 
+
+Again, I regret my decisions and realize that all this time, I should have been putting aside 40%+ of my earnings so that my tax could be paid. I did have a great year of going on many holidays and treating myself and my friends, but I regret it now and just want to get it sorted so that I can start fresh this year. 
+
+I appreciate your help!
+Been trading for about six months and have deposited a total of $500 roughly in my trading account, I have lost it all. Not surprising coming from a new trader. I was aware that it was always a possibility and deposited money I was not going to be financially impacted by losing. I was close to breaking even in my account multiple times, but first it was trading without SL, then greed , then revenge trading. It is a learning process. I started a second gig to get out of that $500 hole and fund trading as I'm learning. 
+
+How far were/are you in overall loss before you turned a profit ?
+In my experience, the really big ROIs come from investing in ICOs with low market caps. Some examples are LINK (4x-5x ICO price) and DNT (maxed at 24x and still at 5x ICO price). Obviously, lots of research has to be done to differentiate the good from the bad, but its worth it for the potentially huge returns. Even when projects are solid like Bancor or Filecoin, there ends up being almost no room for growth because if they evaluate themselves with 200+ million dollar market caps and proceed to raise that much, the price has nowhere to go but down post-ICO. Therefore, I'm only interested in discussing solid, low-market cap ICOs here. I'm going to list the top few choices I've seen posted here and elsewhere, and I'll update the list per your suggestions. 
+
+~~[AirToken](https://www.airtoken.com)~~ - (New info, be careful) - The AirToken is a new Ethereum ERC20 token that unlocks free mobile internet through advertising and spot rewards. Besides the stacked team, AirFox is already an established technology that works. With a 15 million dollar market cap, I'd expect a nice ROI. A working mobile app could easily bring the cap up 5x what it is now, if not more. ICO is almost closed for this one. 
+
+[Upfiring](https://www.upfiring.com) - Incentivized P2P file-sharing. Pretty unique and overall solid concept with a very low market cap. If the app is successful I expect to see huge returns - for reference, similar projects like Siacoin and Filecoin are valued at 20x-30x Upfiring's ICO price. I skyped with them over an issue I had at the start of the crowdsale and they were very nice/knowledgeable. Their crowdsale contract is also made with in such a way as to prevent people from losing their tokens if they accidentally contribute from an exchange or incompatible wallet. Solid project overall. 
+
+[Airswap](https://www.airswap.io) - Similar to shapeshift and 0x, but with a few twists. The team is large and is serious about the project. They use a whitelist for their token sale. There's a lot of competition here but it seems promising - we're in need of a good token swap protocol, as none have really stood out as the best yet. 
+Edit: Cap is bigger than I thought. Still a good project but less of a margin for profit. 
+
+~~[Cindicator](https://cindicator.com)~~ - Sold out - Really an incredible idea, but far-reaching like Golem. Very low market cap for such a large team and project, and as far as I'm aware it is about to be reached. The predictive market AI based on staking tokens is an exciting idea and it will be interesting if it is implemented properly as a way to advise investors. They promote collective intelligence which blockchain technology is perfect for.  
+Edit: Token Sale sold out. 
+
+[EnjinCoin](https://enjincoin.io/) - Cryptocurrency for gamers, a huge market. They have a small team (4 people, plus advisors) and are seeking to raise $25 million according to my understanding. Very well put together roadmap, whitepaper and website. 
+
+[Request Network](https://request.network) - "Raising 100K eth, 21K people in slack before they shut down whitelisting weeks ago, and backed by the top silicon valley seed fund YCombinator."
+
+Once again, this is just a few that I've found so far based on my own research over the last few months. I have some other projects I'm looking into for November as well, but will make another post when that gets closer. As I said I will add projects to the list as you guys suggest them - let's sort through this influx of ICO's and find which ones are worth our time.
+Yeah, bit sad innit? Moral of the story: don't use door dash if you have no self control. You don't even realize how much you spend until it's too late. Currently trying to find cheaper meals to eat. My main struggle has been not wanting to eat the same food all the time, however I always become unmotivated by the seemingly large amounts of ingredients required to sustain new food every night or so. Not to mention I don't have the greatest cooking skills either. Any suggestions?
+Hey all. Age-old question: is it more prudent for me to hold VFF and ACB (losses presently around the 60-70% mark) until they "possibly" recover or sell, put the losses behind me and invest what little I have left in balanced ETF's? Thank you!
+Hi 
+
+There's a Boston based REIT company symbol $RMR, managed by Adam Portnoy who inherited the compnay from his father Barry Portnoy.
+
+RMR manages a few REIT companies $DHC $ALR $OPI $ILPT $SVC $SEVN 
+
+These companies actually belong to RMR, but to people who don't know the history, it seems as if they're seperate companies only managed by RMR.
+
+But that isn't the case, what's actually going on is like this.
+
+Barry Portnoy back in the day was an attornoy who helped Charles Brennick do all his corrupt business deals. After a few years starting in the 70's, Barry Portnoy started conducting his own business, and he cunstructed a very simple business model.
+
+He always had a company that belonged to him that got management fees from his other entities, his company will always get a management fee from his managed companies no matter if they were earning or losing money.
+
+Every time one of his managed company will get into financial troubles, he opened a new entity, bring in a new batch of suckers that invested in the new entity, and realocate the assets from the old entity into the new entity, and usually the share holders of the old entity would lose a huge % of their stake in the assets. 
+
+The last time they did this, was when they converted $GOV into $OPI, and as for now there are 8 legal suits against the trustees of RMR, but they have been doing this for decades. 
+
+$DHC is a REIT that owns a lot of senior housing and was profitable until the pandemic that hit this sector very hard.
+
+$DHC is trading at less then 10% of its BV, and like at half of cash on hand per shares outstanding, $DHC seems like a great cigar butt, that can easily be a 10 bagger.
+
+But actually it's much worse than a value trap, since management of RMR are morally corrupt to a degree that their companies are univestiable.
+
+Most investors don't know the history of these people and the history of the companies, since 1 of the tactics the Portnoy's use is merging and remerging their companies, and constantly changing their companies symbols.
+
+I've done research on them and on Barry Portnoy going back to the 60's, and I've found some shocking stuff on their moral corruption, share holders backstabbing, legal battles, and a lot more.
+
+​
+
+For more info you can check out these videos.
+
+[https://www.youtube.com/watch?v=OgIyKERfaMw](https://www.youtube.com/watch?v=OgIyKERfaMw)
+
+[https://www.youtube.com/watch?v=IdnjxegQO0c](https://www.youtube.com/watch?v=IdnjxegQO0c)
+
+[https://www.youtube.com/watch?v=mawa97igIVg](https://www.youtube.com/watch?v=mawa97igIVg)
+Warren Buffett started the year with almost 50% of its portfolio on Apple Shares, Jim Rogers points to Silver (not even gold) as one of the main assets, and [Ray Dalio](https://20porciento.com/mejores-inversiones-2021-acciones/) points to diversification as the best strategy when we don't know what to do.
+
+What are your top investment ideas for 2021? Do you have any strong convictions even with the current bubble and uncertainty?
+Well, you've asked and I'll deliver: [this morning I exited my 6/19 SPX 1500 position at -$689k \(almost -90%\)](https://imgur.com/a/Jq0iCX9).
+
+It doesn't feel great, but it could've been worse. I can't afford to go below $100k so I'm closing things now. My belief in my thesis remains the same; my only mistake is underestimating the Fed's willingness to gamble away America's future just to prop up the stonk market for a month.
+
+I'll be returning to my regular theta gang activities to climb back out of this hole, but rest assured: [we'll meet again](https://www.youtube.com/watch?v=HsM_VmN6ytk).
+Daycare expenses are around 20k/year, plus maybe another 10-15k/year for other expenses. That means having two children could potentially cost 60-80k/year for the first 5 years and about 40k/year recurring (saving for college) with this back of the envelope calculation.
+
+So when did you feel comfortable financially to have kids, and how much do you (did you) spend on kids per year? Did having more kids decrease the cost per head? What strategies do you have for people who want to FIRE with kids?
+
+EDIT: I'm thinking maybe CoastFIRE is the time to have kids?
+The Small Business Administration said Thursday it is out of money for firms that are seeking loans from a key program to cover expenses during the coronavirus pandemic. "The SBA is currently unable to accept new applications for the Paycheck Protection Program based on available appropriations funding," the agency said. "Similarly, we are unable to enroll new PPP lenders at this time," the SBA said. The statement comes as lawmakers on Capitol Hill are wrangling over replenishing the program.
+
+From: https://on.mktw.net/3a99oJK
+Not sure how reddit works in terms of this. Surely you have to get something out of caring for so many kids with autism?
+
+At least plug a book or start a pyramid scheme or something.
+so I accidentally transferred someone $300 via ANZ, it was meant to go to someone I know but I typed her account number in wrong (last digit off) so the money didn’t go to her account (combank), I realised the mistake then transferred her using the correct account number. I tried calling ANZ to dispute it and reverse it as it’s the wrong account number but they said their support line was closed over the weekend. What can I do, if I just wait to Monday will it be fine? Or do I need to do something now within 24hrs or will it be too late?
+
+Please let me know
+A while back, I tried to explain to my mom what bitcoin is and how it all works. She didn't seem very interested, so I dropped it. She called me last night, after watching a story on the local news channel: "They ran a story on your bitcoin but they didn't mention you once! It's YOUR bitcoin, you invented it and now some Japanese guy is taking all the credit!" I set everything straight and she seems to get it now, but she has already told everyone she knows that her daughter "invented" bitcoin. They probably all expect some very expensive gifts from me this Christmas.
+I work as a consultant in the tech industry and have been at my job for exactly a year.  When entering this position I admit I had foolishly accepted a salary lower than I knew I was entitled to, being told that I would grow and earn more.  FYI I have both a bachelor's and master's degree in relevant fields of this position.
+
+Yesterday my HR rep sends me my raise letter, but had forgot to unsplit the PDF which contained everyone's raise letter.  I find out that not only am I still vastly underpaid (by at least 15k according to market value), that coworkers in the same position as I am who were hired months after me and still know less are making over 20k more than what I am.
+
+The only thing I can think of as a reason would be their age + their previous job's salaries.  I'm 28 years old and my coworkers are both over 35.  But neither of them have Master's nor do they have as much experience or knowledge at my company than I do.  
+
+How would you handle this situation?  I am planning on speaking with the COO of the company to request a reevaluation, but I'm not expecting that he would do the right thing.
+
+----------------------------------------------------------------------------------------------------------------------------------------
+Edit: ~~I am under no circumstances planning to base my request for a salary review on the salaries of my colleagues. It's unfortunate that I saw their salaries to begin with but I know it's not a justification to be paid more than ever.~~  I'm speaking of a salary increase based on my own qualifications as well as my knowledge and production I've already proven I have. I want at least market value due to being a more experienced employee in my role than the people they know are paying more than I am.  
+**Okay, so I've been reading hundreds of comments saying it would be a mistake to not include this knowledge in my negotiation to management.  If it's truly the best course of action in terms of leverage, I'll consider at least adding it to my list of reasons why I should be paid more, but without making it the main reason.  Thank you for that piece of advice.**
+
+Edit:  I have 7 years in professional IT experience prior to this job.  I am not entry level. I'm just young.  Also I'm not using my Master's as the sole basis for higher pay.  I'm using it as additional evidence of my overall worth to my company and any other.
+
+Edit:  Thank you everyone for your input.  The majority piece of advice here is to look for another job with a higher salary and either take it if it's better or use it as leverage for higher pay at my current job.  The resume is going out and I'll be seeing what else I can get as well as be a better salary negotiator the next time around.
+
+
+**UPDATE**
+Hey people.  Just wanted to say that I had applied for another job and just received an offer!  The offer is exactly the salary I was requesting at my current job (+15k) plus several more other incentives including mentorship and a better medical plan.  Thank you to those who emphasized not to reveal my current salary.  They gave a little push back when I told them I didn't want to submit that information, but they were alright with it in the end.  Again, thank you everyone who gave their input.  Bottom Line:  **KNOW YOUR WORTH AND DON'T SETTLE FOR LESS**
+What are your opinions on when your employer says that they will match the salary of a new job you just were offered?
+
+I was able to get a pretty good payrise and figured that it wouldn't make sense for my current employer to match it. However I did bring it up with them and they said they would match it (~35% payrise).
+
+I had already decided to leave the company, but while them offering to match did make me feel a bit valued, I just felt disappointed that they were completely willing to pay me so much less if I just never wanted to go.
+
+Has anyone here actually accepted a significant payrise match and did it affect the working relationship with your employer?
+I was let go from my work yesterday...still kind of in shock mode.  I would have made 30 years with the company this year.  I don't think I have enough money to retire...I still owe about 250k on an 800k mortgage.  I was told by the owner of the company that they will put together a big severance package which should include buying back my share of the company (I own about 15% of the company that's worth 5 million).  He doesn't want to involve lawyers but I have the feeling he will try to screw me over.
+
+Anyway...how much severance should I be looking at? What should my next steps be?
+I miss the days of 80k active users and many comments and interactions on each post. Now I can barely scroll through “Rising” before the posts from Hot come up. The Daily Discussion comments are down and I feel like there hasn’t been a solid DD in months. 
+
+I think a lot of this can be credited to DRS, as people have really begun to put their heads down and DRS whenever they can, however I do miss the Swaths of DD and series that we used to have. 
+
+Any other theories to the almost non-existent engagement on the sub?
+So I was trying to decide what to get my niece for her first birthday last July.  I figured she's probably gonna get loads of crappy toys that she will quickly grow out of . I had just started buying BTC earlier that year so I thought I will get her some, I only bought £50.00 worth for her when it was worth $8000ish dollars. When my brother and his wife the parents of my niece opened the card to a message that said " You now own 0.0066 Bitcoin" they seemed a bit confused, my brother in law then laughed out loud and said' Who buys a baby Bitcoin'. I have to admit I felt pretty bad... It's now worth almost £300.00 and counting. I said she can withdraw when she's 18.
+ [https://www.bloomberg.com/news/articles/2020-07-29/kodak-stock-surge-attracks-43-000-robinhood-traders-in-24-hours?srnd=markets-vp&sref=xTkgnLSf](https://www.bloomberg.com/news/articles/2020-07-29/kodak-stock-surge-attracks-43-000-robinhood-traders-in-24-hours?srnd=markets-vp&sref=xTkgnLSf) 
+
+​
+
+ 
+
+Robinhood day traders swarmed to Eastman Kodak Co. shares as the stock rallied 1,600% this week.
+
+As of 11 a.m. in New York on Wednesday, 43,000 users of the investing app had added [Kodak](https://www.bloomberg.com/quote/KODK:US) to their accounts in some form over the past 24 hours, according to website Robintrack.net, which aggregates data from the brokerage but isn’t affiliated with it. The activity was 20 times more than the next most-popular stock, Actinium Pharmaceuticals Inc. Roughly 27,000 of the additions came over a four-hour span earlier Wednesday.
+
+ 
+
+The growing presence of retail investors has become a popular markets narrative this year with zero commission fees and the potential for entertainment in a world largely without sports or gambling luring a new crop of traders. The impact they have on prices is unclear, but similar buying sprees have erupted in pockets of the equity market, including electric-vehicle firms, shares of companies in bankruptcy protection and increasingly pharmaceutical stocks. Earlier this month, Tesla Inc. attracted Robinhood traders at a pace of [10,000 an hour](https://www.bloomberg.com/news/articles/2020-07-13/ten-thousand-day-traders-an-hour-pour-into-tesla).
+
+Kodak -- famous for its pioneering work in film photography -- surged 331% to $34.24 as of 11:34 a.m in New York. The rally began after it [won](https://www.bloomberg.com/news/articles/2020-07-29/kodak-shares-add-another-500-as-drug-shift-keeps-boosting-stock) a government loan to assist in the production of a coronavirus treatment.
+After officials tell the public this week will be as bad as 9/11 and Pearl Harbor, the market shoots up 7%. What is happening behind the scenes for this to happen???
+I had often heard that if you mention you are new to crypto, lots of scammers will DM you and offer to trade for you. But the thing is, I hadn't received any of those DMs so far, and I was looking forward to, because I was once a scambaiter and I missed the good old days.
+
+Well, this "crypto trader" contacted me out of the blue three weeks ago, and I happened to have some free time in my hands. He stole the pictures of some real guy who works with blockchain technologies. He really wanted to talk about crypto, but I tried to deviate from this topic and tried to flirt with him instead. I provided some fake info about myself, and acted like I was very lonely and very happy to finally talk to someone. I wanted to waste his time, but he kept asking about crypto.
+
+Day by day, I tried to gain his trust. I acted very naive and grateful for his advice. I even told him someone had DM'ed me to discuss crypto, and that I suspected it could be a scam. He instructed me to block those people as soon as possible. One day, I asked to do a voice call, but he couldn't because apparently that would disrupt his crypto signals, whatever that means. He claimed to be from the US, which I'm sure he wasn't, judging by the way he expressed himself.
+
+He wanted my crypto asap. He was going to trade it for free because he loves me so much. I told him I was going to receive an inheritance in crypto, but that my attorney was the one managing it. I asked whether I should tell the attorney about our "relationship" and how he was going to trade for me. He ordered me not to tell anyone about "us". Unfortunately for the scammer, the "attorney" would be back around the second week of September. This bought me some extra time to keep wasting his.
+
+I never thought I would end up pulling this off, but what I did has all the characteristics of an advance-fee scam:
+
+1. The "attorney", who was the custodian of my crypto inheritance, told me he was holding 2.74 BTC on my behalf.
+2. I went to see the attorney and signed some documents, where I gave him permission to transfer all my crypto to the scammer. I gave scammer a made-up case id and asked him to contact the attorney.
+3. Scammer contacted the attorney but didn't provide the id. This delayed things (also because I was busy in real life). Id was requested again.
+4. Scammer provided the id and his address for the transfer to take place.
+5. Attoney informed scammer that, to avoid scams, and to pay for administration costs, he would have to transfer 0.05% fee in advance (0.00137 BTC).
+6. I woke up to a formerly empty wallet that now contains the 0.00137 BTC, I couldn't believe it! This is [the transaction](https://www.blockchain.com/btc/tx/d5a2c2c2802c9e2d630c51cbf62450155cf6263067f586a96650777910b8a3a4).
+
+Now, I have this weird feeling, because I hold BTC that might have been stolen from someone else. I might hold it for a few months and then donate it to the food bank or something, I don't know. At least I hope he learned a lesson and will devote his time to something other than scamming people.
+
+Here are some images with the highlights of our 3 weeks of interaction:  [https://imgur.com/a/mnFJhj1](https://imgur.com/a/mnFJhj1)
+
+By the way, Reddit does not allow you to report a profile, all I could do was report the pictures he stole from someone else, and I also warned that someone else.
+
+Edit:  After getting the fees, the attorney told him that his activity was suspicious so the fees had been frozen and he was going to be investigated for fraud and impersonation.
+
+Hours later, I messaged him as myself telling him the attorney had called me  and that he had found out he was a scammer. I said I couldn't believe he had betrayed me like that! The last thing he said was that he loved me.
+
+Edit2: Thanks everyone for all the love! I don't think I am able to answer to every single message individually at this point, but thanks so much again! 
+im saving and investing in indian stock market.. but looking at the overall depreciation of the Indian Rupee.. i feel im just doing a balancing act? my funds increase in value from my investment but if i compare it back to USD factoring in depreciation it just turns out to be very similar returns if i had just held USD in my account.. 
+
+​
+
+what can someone advise to hedge the loss we face due to depreciation?
+The former senior management of debt-laden Infrastructure Leasing & Financial Services (IL&FS), including Arun K Saha and Ravi Parthasarthy, influenced rating agencies for delaying or changing debt ratings of the group and its subsidiaries, an investigation by the Serious Fraud Investigation Office (SFIO) has found, sources told Moneycontrol.
+
+The investigation revealed that Arun K Saha, the former joint Managing Director of IL&FS, threatened to discontinue business to the rating agencies if they gave unfavourable ratings. The group was enjoying "AAA" - the highest credit rating - until August 2018, just before one of its subsidiaries, IL&FS Transportation Network Ltd, defaulted on its payment obligations.
+
+"Primary investigation reveals that Ravi Parthasarathi and Arun K Saha met rating agency ICRA's MD Naresh Thacker to convince him to delay the rating results. The rating agencies had deferred plans to downgrade group subsidiaries twice in 2015 as well as in 2018," the report said. 
+
+
+👆This is content from money control on news of ICRA and IL&FS saga 
+
+What makes me sick In stomach is the third paragraph. So these rating agencies new and still give AAA- ratings. They just played with the so many pf and pension funds for fear of loosing business.
+>“Having a well-done, nation-state-level hardware implant surface would be like witnessing a unicorn jumping over a rainbow”
+
+Wonder how long it'll be before Apple et all's supply chains are seen as a massive liability.
+
+https://www.bloomberg.com/news/features/2018-10-04/the-big-hack-how-china-used-a-tiny-chip-to-infiltrate-america-s-top-companies