diff --git "a/reddit_finance_43_250k_170.txt" "b/reddit_finance_43_250k_170.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_170.txt" @@ -0,0 +1,10000 @@ + +**Ape don't fight ape, apes help other apes!** + +This helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +Remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +**We don't care, just be nice and let's make this community as Excellent as we can!** + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +Don't try to exploit your fanbase, this would also be excellent! + +&#x200B; + +Remember none of this is financial advice. + +If anything happens throughout the day we will be adding it here. + +Backups: + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +[https://twitter.com/ButtFarm69](https://twitter.com/ButtFarm69) + +&#x200B; + +Edit eem didn't mean for the theehee to become the thumbnail... no idea why it did that. + +Edit + +# Digital Voting Series A-1 Preferred Stock + +[PG-13](https://www.reddit.com/r/Superstonk/comments/onw3ie/pg13/) \- [u/BurnieSlander](https://www.reddit.com/user/BurnieSlander/) + +[ u\/BurnieSlander ](https://preview.redd.it/9l3usoh6wcc71.png?width=3312&format=png&auto=webp&s=2d4e1c0e28f2beb023d61aeadcf677c0e260f57b) + +BurnieSlander has a theory that the PG-13 might be a reference to Voting Series A-1 Preferred Stock rather than a stock split, the theory is essentially to issue a dividend of a new stock attached to a blockchain not only forcing the SHF to cover but also giving us the real share count. Give it a read as it is a good theory. + +[https://www.reddit.com/r/Superstonk/comments/onw3ie/pg13/h5uq91q?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/onw3ie/pg13/h5uq91q?utm_source=share&utm_medium=web2x&context=3) \- [Adept-Ad5287](https://www.reddit.com/user/Adept-Ad5287/) + +This comment gives a possible process it would go through. + +Edit [**Captain-Fan**](https://www.reddit.com/user/Captain-Fan) messaged me confirming that " Broccaaa has indeed decided to step down." + +Edit removed a line from "Possibly more Inflation due to extreme weather" as it didn't sit right. +I’m in the US. I’m familiar with the basics of a short squeeze. What’s the plan from here? My only investments have been 401k so trying to decide if I should jump on this boat or if it’s too late. When is MOASS expected to happen (roughly speaking)? What happens if the hedge funds can’t afford to buy back the shares? + +EDIT: misunderstood some other posts I read and the comments here have been super helpful. Edited the questions in my post to avoid potential misinformation on my part. +Hey guys +Silly question here, just wondering if there is a way to associate to my IBKR account an app a bit more “2.0” +I feel like IBKR does not offer a lot of visual tools to play around with your portfolio, but maybe I’m wrong +Thanks +I've got $10k to invest right now. These 10 ETFs made 100% or more in 2020. Are any of them a safe bet to make 50% in 2021? If so, why? + +https://money.usnews.com/investing/etfs/slideshows/best-performing-etfs +28M living in a MCOL city, net worth of roughly $200k. Income $100-105k depending on annual bonus, expecting a 20-25% jump here soon once promoted to management. + +I do the house hack thing so my housing expenses are incredibly low/mortgage covered by tenants. Currently contributing the maximum to both my Roth 401k ($19,500) and Roth IRA ($6,000). Credit cards paid in full each month, utilize highest cash back credit card for each spending category specific to each card. Also, occasionally do r/beermoney surveys for a few extra bucks per month. + +With all that said, things feel like they’re on auto-pilot at the moment and I’m just sort of chugging along. I know I’m in an incredibly fortunate spot here but can’t help but feel like there’s more I could be doing to maximize my wealth. So is there anything I’m missing here/recommendations for what else I can be doing? +I just put a few thousand dollars into a Vanguard account and I'm having trouble figuring out specifically what to invest in. I initially wanted to invest into an S & P 500 index fund but quickly realised how many there were along with ETFs as well. So I decided that ultimately I don't really know what I am doing and took a look at their retirement packages put together for people like me. + +The one their website suggested after a brief questionnaire was the "Vanguard Target Retirement 2055 Fund (VFFVX)". It has an expense ratio of 0.15% compared to the 0.04% on the S & P 500 ETF that I was looking at. This is more expensive but I have a feeling that the expense may be worth it due to the seemingly thorough management of the Vanguard fund. Would I be correct in this assumption assuming my experience in investing? I really just want something that I can dump money into that I can watch grow until I retire. Are there better options with just as little hasstle? + +Edit: Forgot to mention that this is all being invested through a Roth IRA if that makes any difference. From the advice here though I think I'll do just a little more research and go with a Vanguard retirement fund and maybe further down the line diversify a little more into that S & P 500. We'll see though. Thank you all for the advice so far. :) +So I’m a part time worker and a college student is it dumb to trade in my car 2019 Malibu For a 2019 Lexus? I’ll get 1k more than what I paid for my Malibu if I do but I’ll be paying 280$ more a month in car payments. I can pay off the Malibu this year if that means anything. +So basically I’ve just got a pretty decent job. Lots of hours but good money. I have no responsibility’s (girlfriend, kids etc) so I’m saving up pretty quickly. I’m just not sure what I’m saving up for? + +Anybody got any ideas what I could use this money for? Something that’s a good investment that will make me more? A house? I sort of want to go away travelling again but at the same time want to use my money for the future as well and not just blow it all. + +Any advice would be appreciated +Man I just want to make some money. I don't have a mower, my parents wont let me do dog walking, babysitting, ect. I cannot make money online because of the W-9 form I have to have for pretty much everything. I know I shouldn't be worrying about money too much at this age, but I have a very expensive hobby, and I want to try and chase my dream of becoming a racing driver, which is VERY expensive to start out in, and I don't exactly come from a rich family. Any recommendations? +&#x200B; + +My friend is getting evicted after not paying rent for 3 months. The only reason I know this is because I leant him $1000, not knowing that he was in such a deep pit. He had jobs fall through etc. Please don't come for me for being stupid for loaning him money, this isn't what this is about. + +He has applied for credit and gotten denied. What can he do to get a cash advance or personal loan or any sort of credit card? Anyone have any ideas? I would like to get paid back and also don't want to see him evicted so he can get back on his feet. + +I''m not sure what his credit score is, I didn't ask, but it is bad enough to get denied a credit card. +My wife and I have good jobs, a fair amount of savings and enough coming in each month to keep adding to our savings… + +But for some reason I don’t feel any more financially secure than I did when we were earning less than half this amount. + +I always freak out when we need to take money from the joint savings to buy a £250 appliance for the house or something, even though we would t even notice that money being gone. + +Is there a way to chill about this kind of thing and realise that toy have enough and just enjoy life? + +Thanks! +I want to go on a trip in November until December to another country like Thailand, so what’s the best way to earn 6k in a short time like say a month to 3 months? + +I don’t have a job but I have programming skills, I’m still a student looking for the best way possible to make plenty of money. I mean I’m planning this just to see my gf who’s going to be my wife next year or two. If anyone knows legal ways to do it, let me know. I’m kind of in a bind. I would do anything from trading in stocks or freelancing. + +I just don’t know where to go and I need to earn 6k so I could see my gf. :/ +I smell. I have Aspergers. I can't find work. I have computer access and internet. How do I make money? I applied for webcamming already. I do surveyjunkie. + +&#x200B; + +Thank you! +I smell. I have Aspergers. I can't find work. I have computer access and internet. How do I make money? I applied for webcamming already. I do surveyjunkie. + +&#x200B; + +Thank you! +[Transcript of article from American Thinker:](https://www.americanthinker.com/blog/2022/02/sec_fights_against_releasing_foia_documents.html) + +By Richard Lawless + +Government agencies like the Securities and Exchange Commission are required by law to comply with FOIA requests.  The SEC has repeatedly failed to comply with numerous FOIA requests relating to their role in the Puerto Rico municipal bond default — the largest such default in American history.  The SEC's failure to comply with the law has resulted in a federal lawsuit in the federal district court in Central California.  In court documents, the SEC claims that it had either no knowledge or insufficient knowledge of securities fraud related to the Puerto Rico bond default.  Unfortunately, in a FOIA request that the SEC complied with, the SEC is shown to have in its possession over 2,800 pages of information related to the Puerto Rico bonds detailing acts of securities fraud, mail fraud, wire fraud, extortion, bribery, theft, and government payoffs. ��In all, the SEC had documents showing over sixty major felonies that caused the Puerto Rico bond default.  What is more concerning is the fact that the SEC's rank and file wrote over 268,000 internal emails (see below) that have the words "Puerto Rico bonds" and words like *fraud*, *Ponzi scheme*, *fraudulent*, *criminal*, and *illegal* within the same email.  So what is really going on, and what is the SEC trying to hide? + +[Visual from article](https://i.imgur.com/crt0UQ4.jpg) + +[Visual 2 from article](https://i.imgur.com/Lvjb3MD.jpg) + +It is clear from the SEC's own records that the SEC knew that all the Puerto Rico bonds were part of a huge Ponzi scheme, similar to what Bernie Madoff was sent to prison for.  Their rank and file were begging the SEC leadership to let them act against this well-documented securities fraud but were stopped at every turn by the political appointees that run the SEC.  The fraudulent Puerto Rico bonds were sold to the American public by America's largest banks — Citibank, Wells Fargo, and Bank of America, along with a dozen more institutions.  If the SEC were to act against the major Wall Street banks, they would be liable for tens of billions of dollars in losses taken by American citizens.  According to the Federal Election Commission, in 2016 when this scheme appeared to be collapsing, the major Wall Street banks sent over one hundred and twenty million dollars to our United States senators.  In return, the senators made sure that the people they appointed to run the Department of Justice and the SEC killed all investigations, prosecutions, and regulatory action that could hurt their Wall Street campaign contributors.  By any standard, even that of the Washington D.C. swamp, this Ponzi scheme was one of the largest crimes in American history.  The campaign contributions were bribes, and the senators' actions made them participants in this criminal enterprise.  None of this is difficult to follow or prove.  Everyone's actions are trackable and well documented.   + +The reason the SEC is fighting these FOIA requests is that it would uncover the SEC's active role in aiding and abetting these crimes under the direction of United States politicians.  The SEC has done and will continue to do whatever it can to deny access to these documents.  In early March, the Federal District Court will almost certainly issue court orders forcing the SEC to provide the requested documents.  The only question is, will the SEC comply with the courts?  Regardless of the outcome of this lawsuit, the SEC is facing two additional lawsuits claiming financial damages for their arguably criminal participation in this scheme.  With or without the SEC documents, the juries in these cases will be exposed to detailed information about the crimes, testimony from DoJ and SEC whistleblowers, and much more.  The SEC's reluctance to comply with the law on FOIA requests will just be additional evidence of their likely guilt in this whole criminal enterprise.       + +***Richard Lawless is an investigative journalist who has written articles for America's largest media outlets on complex financial crimes and government corruption. Mr. Lawless is the author of*** **Capitol Hill's Criminal Underground*****, a non-fiction book that details Washington's participation in this bond fraud.   Mr. Lawless was a career banker and a graduate of Pepperdine University and holds a Master's degree in business and finance.*** +I frequently have to remind myself that the point of life is living. Alan Watts' ["Life is not a Journey"] (https://youtu.be/rBpaUICxEhk) helps me keep this in perspective so I thought I would share it with you all. Don't miss the point the whole way along. +So I was aggressively job hunting right when all this happened. I have some solid, promising leads that are still moving forward. If I get a job offer (at my dream company) in the coming week or two, is it just lunacy to make a move right now? I am really hating what I'm doing but the work is steady for now and I can work remotely, even if it does drain my soul. + +EDIT ; thanks for all your perspectives. Can't reply to them all individually as I'm working right now but I definitely appreciate your time and attention. + +OFF WORK EDIT: Well this got some attention. I'll try and answer direct questions as best I can. Regarding details: I'm keeping them vague for anonymity but it's a fair bet the industry I'm in now (largely servicing grocery stores) is more stable than the one I would be headed to (outdoor equipment manufacturing). Thanks, again, to everyone for the time and perspectives! If I am offered a position after the interview process (beginning tomorrow), there will be lengthy discussion about assurances and protection during the transition, taking into account everything mentioned here. +Hi guys, + +&#x200B; + +today I want to talk you about ethbox which is an incredibly brilliant idea. + +**Have you ever had cold sweats while typing the address for a large transaction?** + +I had, more than once. + +**Well... ethbox provides a solution to the risk of losing funds from mistyped/mistaken address, it removes that risk with its smart contract escrow service.** + +It's very easy to use: + +* To send funds go to their UI; +* Type the amount you wish to send, the recipient and a passphrase; +* Sign the transaction to deposit funds; +* Give your recipient the passphrase; +* The recipient goes to the UI and get the funds. + +This is already damn cool, but there's **another cooler feature that is called Over the Counter trading, and it's a p2p conditional exchange of tokens** in which one party setup the condition and the exchange take place once conditions are met. + +There's also a **privacy feature which is being developed** at the moment which enables a mixer of sort so that your funds come out clean and unbacktraceable to the recipient side. + +$EBOX is the token of ethbox and is used for: + +* Fee discounts; +* Receive shares of profit from the service; +* Staking; +* Governance. + +$EBOX is also deflationary via buyback and burning. + +&#x200B; + +*Site:* [*https://ethbox.org*](https://ethbox.org/) + +*Testnet:* [*https://ethbox.org/testnet/*](https://ethbox.org/testnet/) + +*Contract:* *0x33840024177a7daca3468912363bed8b425015c5* + +*Token supply: 65M $EBOX* + +*Market cap: $4M5* + +*Hodlers: 1K2* + +&#x200B; + +If there's any mistake please let me know in the comment section or via PM. + +Thanks for reading +What is DeSports Network? + +DeSports Network aims to be the largest decentralized platform for eSports events, NFT trophies, and achievements. Creating, supporting, and providing a stage for players, teams, and eSports enthusiasts through the blockchain. + +DeSports Network is introducing the DeSports (“DESP”) token, a new cryptocurrency on the Binance Smart Chain (BSC) Network. DESP, alongside a smart contract platform, will provide video game players, teams, fans, game developers, content creators, and gaming communities the required crypto-backed value and tools for tournaments, one-on-one action, marketplaces, betting, fan support, and team/player backing. + + SUMMARY + +• Whale Mitigator Mechanism (2% Maximum wallet hold and 0.33% maximum per transaction, Of MC) + +• Renounced Ownership and Manager + +PRESALE AND LAUNCH INFO We do not have a whitelist, this will be a public presale... + +• Presale: 1 PM UTC 12th July 2021 + +• Platform: DxSale + +• Contribution: 0.10 Minimum and 4 BNB Maximum + +• Soft cap: 200 BNB + +• Hard cap: 400 BNB + +• Launch: 3 PM UTC 12th July 2021 + +• Platform: PancakeSwap + +TOKENOMICS + +✅ NO TOKENS ALLOCATED TO THE TEAM + +Total supply: 88,888,888,888 + +Every transaction will consist of a 10% fee: + +🔒 4% Liquidity locked until the year 2088 + +🔥 0.5% Burned per transaction + +✅ 0.5% Redistributed to Holders + +✅ 1% eSports Financing (Gigantic Gaming Tournaments sponsored by DeSports Network) + +✅ 2% Marketing + +✅ 2% Foundations and Development + +✅ Manual Buybacks and Burns on an ad-hoc basis + +AUDIT + +✅ Techrate: [https://github.com/TechRate/Smart-Contract-Audits/blob/main/DeSports%20Network.pdf](https://github.com/TechRate/Smart-Contract-Audits/blob/main/DeSports%20Network.pdf) + +LINKS + +Token Website: [https://desports.network](https://desports.network/) + +Telegram: [https://t.me/DESP\_Network](https://t.me/DESP_Network) + +Discord: [https://discord.gg/m6jVGqgzgB](https://discord.gg/m6jVGqgzgB) + +Twitter: [https://twitter.com/DESP\_Network](https://twitter.com/DESP_Network) + +Youtube video: [https://youtu.be/q3PjFkSiDsc](https://youtu.be/q3PjFkSiDsc) +I’m 22, working for a company doing inside sales support on 58k +. I’ve been in this Job 6 months today. Previously I was working another job on 45k + super for 6 months prior. Recently I’ve been offered another Job at 72k + super. I’m nervous about the affects of Job Hopping from the past 18 months. Any advice? Pro’s and con’s? Would love to know others experience with Job Hopping. +As the title states, I have recently come across an investment opportunity (ROI, return on investment) from a uk business that promises a monthly 10% return on your investment (they crowdfund investment). They state that their profits are roughly 20% of which 10% goes back to investors. + +Note, the investment is not related to buying or selling shares, the company uses crowdfunding investment to buy electronic electronic products and then sells them. + +Every month you have the option to take out all your money and 10% profit or part of your money, or reinvest your money again for the next month. Now this really does sound too good to be true. However, the business is a trusted seller on ebay and does sell a tangible product. Apart from the high return on investment which seems like a red flag they also grant commission in the form of a percentage on profits for anyone new you bring into the investment. Though I do stress that there is absolutely no pressure to sign anyone up and they dont even mention it after, apart from their intial investment brief. + +Furthermore, they do provide a contract. I would like to get your opinions on what you think of this scheme, My fellow savvy (I hope) investors. +Even after the surge this year, most of them are still trading at valuations far below other tech companies. Historically, it's a cyclical business right. However that is based on decades' worth of trends which have less relevance in today's economy. Semiconductors these days can turn profits rain or shine and the worst they encounter is a slowdown in growth. Not a surprise given the explosion of connected cars and IOT. Meanwhile software companies lose money for years at nosebleed valuations and no one bats an eye. Where is the logic. And why does an Nvidia get such a high premium over a Micron (GPUs yes, but the gulf in valuation is too extreme). + +Edit: Thank you for the detailed responses all. There is a lot I don't agree with still on valuation but the technical color has been very interesting to read. + I inherited a property worth a little over 200K in New Orleans, LA with no mortgage. I receive guaranteed Sec 8 money monthly and so far I've been blessed with great tenants so I haven't had to sink money in repairs. What's the best way to pull money out of this property so I can purchase Multifamily homes? Cash out refi?? HELOC?? And should I look to buy old rehabs or buy land for new construction? I am totally new at this!!! My game plan is to pull money out of the current one, use that money to get a 4plex or 6plex (or whatever is affordable), pull money out of that one, rinse and repeat.. Sounds like a simple plan, that's why I'm sure I'm underestimating my "plan." +Hello, + +I moved into my student house a few weeks ago. Our contract on our tenancy agreement very clearly has a list of the dates of payments, with the next not due until the 15th of October. Last night at midnight we received an email saying our rent was 1 day overdue, even though it was not not according to the tenancy agreement. + +We’ve been in contact and they said they’ve made a mistake and that payment is actually due now, even though our contract says otherwise. I have the money, but this simply does not feel right because it was their mistake not ours. Is there anything we should do or shall we just pay now, over 20 days early? As you can understand it was very distressing receiving a rent arrears email at midnight unfairly and incorrectly so I’m quite upset about this. What should I do? + +Edit: +Thanks for the advice. I phoned them, and they basically said we can either simply pay on the 15th of each month or we can ask for a new contract to be made up, which would again involved all our guarantors etc. They did apologise, but it was still their fuckup. + +I understand we can just pay in line with our contract, however the total payment amounts are still the same so over the year our total amount would still be the same regardless of when we pay. I’m just pissed about how tenants are treated. + +Edit 2: +Thanks again for the info. They said that our final payment in July is now in June, so the total amount payable will remain the same as before, they just fucked around with the dates. In all honestly, I don't get the sense that they're being malicious as such, just that they made a mistake..but let's see if they try anything else I suppose. +Welcome to the Community Discussion thread of [r/EthTrader](https://www.reddit.com/r/EthTrader/). + +This thread is a place for community meta discussion - to learn or make suggestions for how community members could be better served. Donuts are a welcome topic here as is non-donut related discussion. + +[Earn donuts for providing uniswap liquidity on the DONUT-ETH pair](https://cloudflare-ipfs.com/ipfs/QmajDWDWim8r6muJP1DgFysEAiWVYFf5spw9itY5MgX24W): 100k donuts distributed each week. + +[How to register for Donuts](https://www.reddit.com/r/ethtrader/wiki/donuts/how_to_register) + +[Previous Community Discussion](https://www.reddit.com/r/ethtrader/comments/kf251b/daily_discussion/). +As the title says! Everyone has been hyping different days so far for the announcement to be made and today our boy RC fucking did it! And a few hours later [***BOOM!***](https://www.reddit.com/r/Superstonk/comments/rq2ty5/not_sure_if_anyone_posted_this_yet_but_definitely/) + +You may be asking yourself how a smoothie brained ape like me was able to predict this, and no I'm not an insider or anything like that. I just eat SHITTONS of Green Crayons cause those boost your WIS stat according to my internet firends. + +[Here's my OG comment (from 3 days ago):](https://www.reddit.com/r/Superstonk/comments/rnszjr/741_theory_sometimes_the_simplest_thoughts_are/hpurqio/?context=3) + +>So I have a working theory that sets me for the 27th as the possible day of the announcement. + +>Back on the 17th RC tweeted the 💩 emoji. That was 20 days to Jan 6th; on Jan 6th 2021, RC tweeted a 💩 emoji and an image of blockbuster. 20 days later was the epic run up where we nearly hit ~$300. + +>So 20 days before the 1 year anniversary of the OG 💩 tweet, we get another 💩 without blockbuster. Is this a signal of things to come? Well remember how there's been talk of a 10 day wait period where GME x LRC have to give regulatory agencies a 10 day warning before making an official partnership. + +>Well if RC and company want to maximize damage to those SHF, then announcing their intent to enter a partnership to the world might be one powerful nail on the coffin. Dec. 27th is 10 days to Jan.6th, and a fantastic way to compound into retail FOMO, as well as increased retail spending power due to the season (XMAS BONUSES ANYONE???). + +So all I ask is that you give a lil love to me on this amazing day my fellow apes! +My partner and I are FTB and have had an offer accepted on a flat that has all of our wants and needs. It’s in south London, zone 3. We’re 28yo, so I can see us moving out after 5-6 years to (hopefully) have some more space for a few kids. + +I’m not sure whether I’m having cold feet generally because it’s our first property purchase or because I’m suddenly not sure about a flat vs house (?). It’s a great flat but I‘ve recognised the huge advantage of being a FTB and I can imagine the stress of moving in a few years with child(ren) in tow/pregnant and a chain. + +I’ve written a list of pros and cons, and at the moment the huge pro is living in London - but I’m not sure if we’ll care about that in the future as we mature and start a family. It’s also quite an expensive flat at £650k, which can buy a lovely semi detached house just outside of London. + +Would like to hear if anyone regrets buying a flat first or found that they moved to a house pretty soon after buying a flat? + +ETA: It’s a top floor flat of a converted Victorian townhouse so no cladding issues or service charge etc. + +ETA 2: Thanks everyone for their replies! It’s really been so helpful! +The thought came to me as i saw this post + +https://www.indiewire.com/2018/10/chow-yun-fat-will-give-entire-fortune-to-charity-1202011765/ + +This guy is living the dream + +[Link is about chow yun fat a popular HK actor giving away MILLIONS to charity. Turns out he lived very frugal on just 107$ a month] + + +The population has only increased by 6% in the last 22 years, so this is not enough to counteract it. + +Can someone explain this to me, please? + + +Is it possible that it is because many euros are in foreign hands unused? European debt bought by China? +If anyone could recommend some good books for a beginner looking to invest. I am living in the Czech Republic but I am a German national. I am 24 and have followed the first basic steps (budget, pay off any debts (apart from a UK student loan) and create an emergency fund). I am now looking to invest some money. I received some money from my grandparents when they died and I would like to invest it somewhere, the only problem is that I don't much about investing. + +*Tim Hale: Smarter investing, The Millionaire Next Door and A Random Walk Down Wall Street* are books that I have found from previous posts. +So like…. That’s all the money he has. We want to get him on Medicaid after we spend the annuity but his contract only allows him to take out 20k a year and TIAA says they can’t change it. It’s not paying out quick enough to cover his bills or make him Medicaid eligible so now he has all this money that he desperately needs but can’t access. Any ideas? + +Edit: hey all, I got an elder law attorney on retainer as of today, we talked with a rep for the annuity for a while and we’ve got a plan. Thanks! +So like…. That’s all the money he has. We want to get him on Medicaid after we spend the annuity but his contract only allows him to take out 20k a year and TIAA says they can’t change it. It’s not paying out quick enough to cover his bills or make him Medicaid eligible so now he has all this money that he desperately needs but can’t access. Any ideas? + +Edit: hey all, I got an elder law attorney on retainer as of today, we talked with a rep for the annuity for a while and we’ve got a plan. Thanks! +Most are new to online shopping and often don’t have smartphones, credit cards or even delivery addresses. What they do have is money to spend. [https://stockmarketnews.today/2019/01/01/amazon-reinvents-itself-the-retailer-is-targeting-hundreds-of-millions-of-new-online-shoppers-in-indias-countryside/](https://stockmarketnews.today/2019/01/01/amazon-reinvents-itself-the-retailer-is-targeting-hundreds-of-millions-of-new-online-shoppers-in-indias-countryside/) +I am hereby requesting to sticky a warning about shorting calls on NKLA. I can tell you from personal experience, that these WILL be exercised, as soon as they are in the money. This will leave you with a 900%+ annualized borrowing fee, untill your short position is covered. Thats $180 per lot per day. +This risk is of concern for every strategy, that involves selling a naked call. In particular Iron condors and call spreads. + +My experience: +I sold 25 call credit spreads, that went in the money. The short leg will be settled today (friday). I exercised the long leg immediately, when I noticed yesterday. But it will not be settled until monday. This will leave me with a short position over the weekend. Comes monday, I will be looking at a loss of over $13,500. That is on a $4k account... + +I have seen stories like mine on wsb too. Please prevent other traders from making the same mistake. Sticky a warning. + +Update: The results came in as expected. I was fined for 3 days. The fee was $13,700 +The psychology of how we trade feels more important than the mathematics of it. Here's what I've learned so far: + +# 1/ Don't lose money + +We should approach a trade as ways to minimize risk and to not lose money than to get tempted by big gains. + +# 2/ You don't know the market + +No one knows the market; You feel it should be XYZ, but it doesn't matter. The market can be fully irrational and one can argue that it's always irrational. + +# 3/ Play all sides of the game + +Continuation of the game - plan and prepare to play all sides of the game. Plan to win in the north, the south, the east and the west. + +Don't hope the enemy only comes from the north + +# 4/ Clear exit plans + +Have a predetermined exit plan for every trade and even have a limit order to buy-back at 50% of profits. This will make it easier to have more win rate + +# 5/ Diversify + +No eggs in one basket. Sell several underlyings. Sell small positions on different days + +# 6/ Detach ego + +Don't get emotionally invested in a trade. Look to get in/out in as robotically as possible + +# 7/ Mechanise / algorithmize your trade + +Look to make your trade entry, adjusts and exists as mechanically as possible. Keep a running "algorithm" that you adjust and just follow the algorithm for every trade. + +This helps reduce human emotion during a trade. + +# 8/ Be consistent + +Follow the same algorithm, entry point, exit point, delta, etc. This will help correct the algorithm and get consistent results + +# 9/ System over goals + +Don't focus on output -- i.e. the amount you make. Rather focus on the mechanism, the system, and focus on optimizing it. + +This will prevent fixation to one particular amount of money + +# 10/ Don't visualize the outcome + +Don't think about the fancy car, home, etc you can buy with the money you could theoretically make. Reduces emotions + +# 11/ Learn from mistakes + +Learn from mistakes. Keep a journal. Update the algorithm + +# 12/ Be humble + +Finally - be humble. No one has conquered the market and even large fund managers have gone bust. Never be too confident +Via [Bloomberg](https://www.bloomberg.com/opinion/articles/2022-03-10/ukraine-war-should-cause-fed-to-slow-down-its-rate-hikes?sref=q1j4E2z1) (non-paywall link at [archive.is](https://archive.ph/7zYIA)): + +>The U.S. Federal Reserve is widely expected to raise interest rates by at least a 25 basis points next week. And if inflation stays high, the Fed is “prepared to raise by more than that” in the coming months, Chair Jerome Powell said last week. +> +>That would be a mistake. After next week’s hike, the Fed should hit pause for at least the next several months and possibly through the summer — even though the war in Ukraine will no doubt make inflation worse in the U.S. +> +>It’s unclear how bad the conflict will get, the effect it will have on the region and whether it will lead to a global recession this year. The probability of that last is less than the most extreme predictions, but is nonetheless real. +> +>A more aggressive Fed might use a recession as an opportunity to rapidly bring down inflation by sticking to its rate-hike schedule. That is risky policy, and one that [Powell seems disinclined to take](https://archive.ph/ybhBA). If a recession hit, it’s likely that the Fed would simply have to reverse any rate hikes it had made in the preceding months. +> +>A see-saw pattern in rates would weaken the overall impact of the Fed’s policy. Consider, for example, the plight of a homebuilder who cuts production next summer in response to rising rates. She is not likely to increase production immediately if rates fall in December; she’d want to wait for a signal that rates will remain low for a while. From the Fed’s perspective, it would be more effective to leave rates alone, encouraging her to keep production high for the next several months. +> +>There are also risks to consider beyond outright recession. The direct costs of higher energy and food prices will cut into consumer savings. Even more important, spiking commodity prices are likely to dent consumer confidence, leading to reduced spending on other items. +> +>Another consideration is the effect of the war on developing markets around the world. Higher food and energy prices will hit their economies harder. Global uncertainty will lead investors to move funds out their markets and into the U.S. That could cause a drop in the demand for U.S. exports, which are geared toward investment goods such as heavy machinery. That would reproduce some of the effects of the mini-recession that swept the Midwest in 2015 and 2016. +> +>At the same time, money flowing into the U.S. from both developing markets and Western Europe will cause the dollar to rise and the relative prices of imports to fall. As consumer spending shifts toward imports, that will cool some of the underlying inflationary pressures in the U.S. +> +>The near-term environment is complex. It’s unclear how long the war will last and how far-reaching its effects will be. The ideal Fed response, however, is straightforward: **Go ahead with the rate hike next week. But make it clear that there won’t be any more for at least two more meetings, and then only as the fallout from the war in Ukraine becomes more certain.** +Selling contracts 6 weeks out and around 75% out of the money using limit orders on SPX. If the current premium is around $1 I’ll set a limit order for $2.50 waiting for a volatility spike at market open. Then after getting filled, immediately closing it for a $120 profit when price snaps back down. I can’t seem to lose doing this, so what am I doing wrong? Would this strategy be losing left and right with real money? I’m also using live market data +This will be the 3rd AMA with Computershare, the transfer agent for $GME. They have graciously agreed to another one, to address any possible questions that they haven't addressed already. The only thing we ask is to leave a question that hasn't been asked already. + +Catch up if you need to - + +# [Computershare AMA 1](https://www.reddit.com/r/Superstonk/comments/qmnan7/computershare_ama_part_1_video_link_with/) + +# [Computershare AMA 2](https://www.reddit.com/r/Superstonk/comments/r5enlt/computershare_ama_part_2_video_link_transcript/) + +We have it planned for the end of the month🥳 +I support all the sanctions against the Russian government. I support all the sanctions against Putin and his billionaire friends. But banning Russian people from trading crypto doesn't make sense. There are millions of Russian people who against this war and hate Putin. They are already protesting in the streets against Ukrainian invasion. And these people don't deserve their crypto accounts to be frozen. + +I know they are ''Centralized'' exchanges and they can do whatever they want. But this is not Satoshi created crypto for. Crypto supposed to bring equality/freedm to all people. + +Crypto should be neutral no matter what. This is the whole point of crypto. +I’m moving out for the first time (UK) to a new place five hours away, for a new job that’s mostly work from home (at least for the next 6 months). I’ve made a budget, which is below, and calculated that after bills, entertainment, ect. I’ll have £300 left over…is that decent, or will I struggle? First time since university living on my own so not sure if it’s realistic. + +My income is £1,330. +Rent: £450 +Council tax: £81.98 +Water bill: £34.91 +Electricity: £66.00 +Wifi: £25.00 +Groceries: £125.00 +Car tax: £13.56 +Car insurance: £25.04 +Car fuel: £80.00 +Phone bill: £60.00 +Entertainment: £50.00 +Gym: £18.00 + +So that’s £1,029.49 on expenses, with £300.50 left over. + +Should I be looking for somewhere cheaper or is this something that’s affordable? + +EDIT: Wow, thank you everyone so much for your feedback. I didn't expect to have so many responses. Also thank you to whoever award the post Silver Award! + +Some general responses: I'm going to revaluate the water and electricity bill based on feedback. These were taken from national averages as I've not moved out yet. The phone bill I agree with you all on, but that can't be changed as I'm on a contract so it will be a painful wait until I can downgrade. I'll definitely start working on adding to my emergency fund. + +I know my salary is minimum wage, and a few have told me to find a better job. That's not possible, I'm entry level in a new field and only have Certificate of Higher Education, not a Degree. I'm hoping that I gain experience and skills through my role and will be able to develop my career and wage over time. I guess I will have to make some sacrifices and live frugally until then! +Greetings, FIers! I [retired in summer 2021](https://old.reddit.com/r/financialindependence/comments/oqdj5r/i_retired_today/). As is tradition, I'm back to fill you in on how it's been going. + +Basic details: 39M at retirement, 40 now. I live in New York City. Married, one kid. Worked a 15-year career in tech. I FIREd last July with $2.3M in investments, zero debt and a paid-off place. Technically, this one-year update is a little late, but I have an excuse: I've been having too much goddamn fun! + +OK, let me put this out there to start with: I'm a complete fraud. I'm not living off investments. + +The plan was for my wife to quit in 2022. But then the markets dropped, and she didn't like the idea of giving up her paycheck while our net worth was decreasing. Her job is easy, low-stress and 80% working from home, and she wants to keep working at least until the stock market recovers. Her salary plus the dividend payouts from my taxable account cover our expenses, plus we get that sweet employer-paid health insurance. + +I'm down about $400,000 from my all-time high, but I'm not stressing at all. I was planning to withdraw between 2.5% and 3%, which should survive a dip like this, but I'm not upset about not having to put that to the test just yet. I've done my best not to pressure my wife either way. If she wants to join me in retirement next year so we can travel more, or if she wants to keep working a while longer and let our net worth grow, both those options are perfectly fine with me. + +While she's working, I'm the stay-at-home dad to our son. Over the summer, I repainted his room, took him to the beach, took him on hikes, and spent many hot days at the pool. Now that school is back in session, I walk him to school, read books and do Legos with him, and help with his homework. It takes a lot of time, but I'm grateful that I *have* that time. I can be there for him without any competing obligations. I hope that gift of presence is something he'll benefit from and remember fondly when he's older. + +Between COVID, my wife's work schedule and my son's school schedule, I haven't done lots of traveling. Even so, I feel like I've made the most of the past year. I went to the Delaware Water Gap and Acadia National Park to enjoy spectacular scenery and great hiking. I've explored hidden treasures in the Hudson Valley like Croton Gorge Park, Innisfree and Untermeyer Gardens, and took a weekend trip to Riverhead out on Long Island to see old shipwrecks on the beach and stargaze at the Custer Observatory. + +Around the house, I'm exercising more, listening to more music, reading a lot of books and catching up on long-overdue deep cleaning and decluttering projects. I'm handling all the cooking and most of the household chores. I'm growing a flower garden with native pollinator-friendly species, and a vegetable garden where I've grown green beans, peas, tomatoes, cucumbers and corn. It's not a money saver, it would definitely be cheaper to just buy produce from the supermarket, but there's something incredibly satisfying about eating food you grew and picked yourself. + +Now that I've had some experience of it, what strikes me about retirement is how *normal* it seems. It feels like nothing special, just my life - a life where I can run errands, do a workout, or sit in a coffee shop with a book in the middle of the day on a weekday. It's hard to remember that I once had to commute in to an office and sit at a desk five days a week. + +The sharpest reminder of my unusual circumstances is trying to make plans with non-FIREd friends. It's almost a little frustrating that I'm free on weekdays and they're not. There are so few weekends, and they fill up so fast! + +Admittedly, FIRE hasn't made my life a nonstop orgy of unicorns and rainbows. I still have petty frustrations and crappy days. But let there be no mistake: early retirement is *great*. I love that every day is my own, to do with as I see fit. I can weed my garden, or listen to a podcast, or clean out my attic, or go for a long walk on a beautiful morning as the mood strikes me, and I don't have to answer to anyone's expectations about my schedule or my productivity. I haven't been bored for an instant. The hardest part is deciding what I want to do with each day, when there are so many choices! + +Happy to answer questions and comments. I'll also accept GFY's. +How the HELL do you stop yourself from slapping people making more than enough money to thrive when they complain about their jobs? Every passing year I have more and more friends leaving SUSTAINABLE, FOOD-PROVIDING careers to freelance or travel or whatever, and NOTHING makes me feel more behind in my life. Having been stuck in an abusive, no-growth job for 4 years, I honestly think I would give up a toe for a 40k a year, no matter how dreadful. I’m sure I’d feel the same as they do, but it’s so frustrating to listen to well-off people who lack any of that perspective. + +Also fuck r/personalfinance for putting me in a depressive spiral every time I look at the main page. +1) **Invest with forever in mind** + + +One piece of advice Buffett has given Berkshire Hathaway's own investors can be applied universally when the market seems expensive. In his 2014 letter to shareholders, Buffett wrote: "Since I know of no way to reliably predict market movements, I recommend that you purchase Berkshire shares only if you expect them to hold them for at least five years. Those who seek short-term profits should look elsewhere." + + +In other words, trying to time the market is a losing battle. Sure, the major market indexes are close to record highs right now, but the Dow Jones could continue to skyrocket to 20,000 just as easily as it could fall back to 17,000. We just don't know what will come next. + + +Because of this, while there is no guarantee of profit in the stock market, the best way to position yourself to make money is to hold the stocks you buy for a long period of time. I would even go so far as to recommend a minimum 10-year investment time frame. There have been very few instances throughout history where the overall stock market hasn't increased over any given 10-year period, and there have been no 15-year periods in which the overall market has declined. + + +&nbsp; + + +2) **Build your positions over time** + + +Dollar-cost averaging, a favorite practice of Buffett's mentor Benjamin Graham, means investing a set dollar amount in the same investment at fixed intervals over time. Basically, this leads you to buy more shares when prices are low and fewer while prices are high. Buffett has said many times that the best way for the majority of people to invest is to dollar-cost average into a low-cost S&P 500 mutual fund. While I prefer buying individual stocks, dollar-cost averaging works no matter what type of investment you're looking at. + + +Consider this basic example. Let's say you have $20,000 to invest in a stock you like, which currently trades for $100 per share. Instead of spending all your available cash on shares right now, you spread it out over a year, purchasing $5,000 worth of shares each quarter. + + +&nbsp; + + +3) **Form a long term perspective** + + +For all of the reasons mentioned here, the stock market is still an attractive place to invest. Sure, the fire-sale bargains of 2008 and 2009 aren't there anymore, but from a long-term perspective, that doesn't matter too much. Stick to a smart and consistent investment strategy no matter what the market is doing, and you'll end up a winner over time. + + +&nbsp; + + +Happy investing, happy hodling. +Apes, there are so many opportunistic people that are looking to capitalize on GME saga. Simply, smart up and don't give them oxygen. + +Please don't upvote everything you read. People like those are willing to make up stories to hype you up and subsequently gaining your "follow" on socialmedia. I got downvoted the other day for asking about the source of that TWITTER screenshot on "Kenny moving money to the Cayman Islands." A day later, it was completely debunked.  + +I haven't seen anything new from these LinkedIn and Twitter shots. Every piece of information was taken from Superstonk's top notch DDs. But mostly importantly, we keep seeing these fake and manipulated screenshots on here and we go crazy about them. Meanwhile, the posters of these fake screenshots laughing their ass's off. + +I can't tell u what to do, and what not to do, but Jesus christ, if someone posted something fake to hype you up, simply don't follow them Twitter, or other social media. I am so against idolizing individuals. We saw a few examples in the last 9 months how some of these individuals getting compromised. + +I continue to hodl and buy the dip until Shitadel et al go belly up. + + +Edit: To the mad smooth brained individuals. If you wanna raise positive awareness/information, u should be actually taking DDs from here and post on social media, NOT taking fake ass manipulated screenshots from Twitter and post on here. If you don't agree with that, then you are part of the problem of spreading BS. + +Edit 2: some of you can't even read and understand what I wrote. I am simply saying don't bring fake screenshots from other social media and post them on Superstonk. If u are a genuine ape u should be doing the opposite. Take DD from Superstonk and post on other social media. +Hey Apes, if you're unsure of who I am, I'm a guy who tracks the stats of the community as well as other various GME subs and subs across Reddit. As I write this, there are currently 746,546 total members in Superstonk. 5,204 members are online. I've been keeping track of the community stats since May of 2021. This is the lowest I've ever seen in regards to online activity. I won't lie, Sunday nights are historically low in online activity. But the monthly average for the hours of 10:00PM and 12:00AM EST is currently at 10,727. We're sitting at nearly 5k fewer members for the month, and we just had the biggest news drop of the history of the stock, the confirmation of the NFT Marketplace, and 125,000 investors DRSing 8.9 million shares. This should be a huge deal, it should bring people flocking back to the sub right? + +And it did for a little. During earnings last week we had nearly 50,000 back online. But now we're here, at 5,204 online. The truth is, the community numbers have been on a steady decline since June of 2021 in regards to online activity and new members joining per day (check any of my previous posts to verify this). I believe I've finally found the answer to the question I have been asking for nearly a year, "How many bots/shill accounts are in this sub?". My guess is around 350k. Out of 746,546, nearly half are plant accounts. + +So if there are 350k bots, that means there should be nearly 400k members/investors who are DRSing right? I think at one point it was true that there were 400k investors active on this sub. June was the third big wave in six months where GME traded at over $300 a share. SHF's have been chipping away at this last massive cycle for nearly a year now, bringing it down to what it sits at right now, $90. Their strategy of controlled, slow burn, and methodical price movement most likely caused 200k investors to lose interest in the stock causing them to discontinue caring about keeping up on DD from this sub or other GME subs. These people have either paper handed or are still holding their shares in a brokerage account too afraid to sell it because MOASS is tomorrow. + +So that leaves us with 200,000 active investors left on the sub. Still, it's confirmed 125,000 investors have DRSed, leaving 75,000. In this group of 75,000, there are IMO three groups: the international investors who have been waiting for months for their DRS requests to go through, those who can't DRS, and those who are too lazy to DRS. At this point, I think we've weeded out those who are too lazy, and the majority of that 75,000 are the first two groups. + +As the price goes down, SHF's have been slowly deactivating accounts, playing a psychological game with us to convince us that members of the sub are losing interest in the stock and the sub as a whole. + +I think the honest truth is that SHF's panicked during the initial Jan 2021 runup and overran UUSB with millions upon millions of bots. They wisened up and have been strategically adding bots in the uncensored GME subs slowly to inflate (get it) these member totals, occasionally spreading FUD and forum sliding, or otherwise furthering their agenda. However, I believe right now their most important goal is to cause another moment of discord amongst us, that out of 745,000 members in Superstonk, 620,000 of them haven't DRSed. + +Guys, we're retarded, we're not stupid. We can put two and two together. The true Diamondhands are here. The lower the price goes, the more purchasing power we have, the faster we lock the float. The general consensus is regardless of a new wave of retail investors DRSing, our 125,000 investors are still on pace to lock the float by June of 2023. If we for some reason can't reach the rest of retail to liquidate wall street by DRSing GME, it gives us another 14.5 months to continue building our positions. More time = More tendies. Either way, we're on a countdown and I'm beyond ecstatic to see that the goal is within sight, and it may come sooner than we think. +Hey /r/personalfinance + +I have been a big gamer my entire life, but I am 28 now and my finances continue to be more or less terrible. I've been living paycheck to paycheck virtually my entire adult life. + +One of the big reasons I have money problems is that I *always* buy new game consoles when they come out. In the past four years I bought a Wii U, a PS4, a PSVita, built a gaming PC and bought a gaming laptop. And then of course hundreds of dollars of games on top of that. + +And that would be all well and good if: + +1) I really liked playing video games. + +and + +2) I was financially secure. + +But here's the thing. I don't like playing video games that much! Yes, I enjoy the entertainment value, but these days playing video games feels like watching porn. Yeah, it feels good in the moment, but I know I've wasted my time. I would rather hang out with a real woman than fap, and I'd rather have good finances than the latest game console. The days where I genuinely loved this stuff is behind me. + +But for some reason, this addiction kept on kicking. When the PS4 came out, I lined up and bought one. And I bought Black Flag and Battlefield 4. Did I have any real interest in those games? Nope. But there went $520 USD. That money could have gone towards my student loan, or been a trip to Vancouver. But instead, I poured it down the drain. + +So for me, it is a very big deal to not buy the Switch. I have spent so much time hyping myself up for the Switch, soaking up every detail of news and doing my best to convince myself that I'm excited. Sure, Breath of the Wild looks truly amazing, but do I really have 50+ hours to dedicate to a video game right now? What if I invested that time into improving my finances? What if I invested even 10 of those hours into improving my writing skill? + +And then you have to consider that buying the Switch will also have ramifications over time. $20 here, $50 there. Every new game will have all sorts of marketing behind it, and I'll want excuses to use my Switch. More time lost. More money lost. Yes they are fun games, but is it really worth sacrificing my financial future, or time I could spend with friends or family? I don't think so. + +So that is my big personal win for the day. I can't tell you how much effort it took me to work up the courage to cancel my preorder. But when I clicked that cancel button, I felt a genuine sense of relief. I have finally broken the cycle of stupid financial choices. Here's what I'm going to do with that $350 I just saved: + +$100 towards my credit card bill + +$150 towards a new bike on craigslist hopefully + +$100 towards my student loans. + +This is a relatively small choice in my life, but it is one that I think will have a large ripple effect. I'm really proud of myself right now. And that says a lot. + +**Edit:** Wow, this blew up. + +Few things, + +1) No I wouldn't have been better off scalping the Switch. People who scalp consoles are assholes who deny people a fair shot at a console at retail price. That energy is better spent elsewhere. + +2) No I would not be better off becoming a "frugal gamer". The point is that gaming is a time-sink as well as money-sink, and I am trying to improve both resources. Every dollar and minute I would have spent on gaming will go towards things like debt, family, and friends. + +3) Lots of variations of "games are good value entertainment" - yeah, I agree. It is a good hour per dollar hobby if it's something you are really passionate about. But I have become more passionate about other things, so investing in this expensive hobby is no longer a wise decision. + +**Edit 2:** I get it, I can play games for cheap on Steam and PC. That is not what I'm after. Trying to moderate gaming for me is like trying to moderate drinking. It's futile. + +**Edit 3:** obligatory thanks for the Reddit gold, kind stranger! I dashed off this post half-asleep last night at 12am. Did not ever expect this kind of response. +I was checking out the LEAPS options for selling covered calls on GME and it seems these are very well paying, and so a strategy came to mind that I haven't seen discussed. I just wanted to share it so anyone could point out any flaws in this plan or just bring up some discussion. + +&#x200B; + +Preface: This plan implies getting assigned at the end of the LEAPS term. Also its super low volume on + +**Example of plan** + +Start off with 400 shares of GME (valuation at $74,000 @ 185 / share as of **10/17/21**) + +Sell **4 covered calls** **@ 185 strike** price **expiring Jan 2024** netting $38,520 in premium. ($96.30 per share collected in premium) + +Use the premium to buy 208 more shares of GME instantly + +Sell 2 more covered calls for $19,260 in premium. (with 8 shares left over) + +Use the premium to buy 104 shares of GME + +Sell 1 more covered call for $9,630 in premium (not enough now to sell any more GME covered calls, 4 shares leftover) + +Use the $9,630 to sell CSP of choice (or keep the cash and invest in something else) + +&#x200B; + +Using this plan above, we went from 400 shares to 700 shares on CC's( $74,000 to $129,500 valuation), which will be sold in 2 years' time at the strike price (assuming we get assigned, being bullish on GME). + +Not to mention the additional $9,630 in the final premium (52 shares worth, and the 12 shares in change which were leftover, so 64 total ($11,840) + +So to summarize, we started off with $74,000 and in 2 years time, we will get this sold at $141,340 assuming we get assigned (764 shares worth). + +So this ends up being a 52% return on investment, assuming the stock doesn't drop significantly. + +&#x200B; + +Let me know what you think. The biggest issue I see is low volume, so the orders may never get fulfilled. +I feel like this could be a really good topic to post on here every couple of weeks. + +Basically, tell us what additional income stream you have besides your 9-5 job. + +Try to be a little more specific, don't just say "investing" or "real estate" instead try to give us a little more detail so that we can learn. +To keep it short, basically my tenant is claiming there’s bad odor in his apartment causing him sick, and refusing to pay rent. This guy comes up with endless repair request, and complaining small stuff all the time. +Currently on month to month, if I have to evict him, how long does the process would take in NYC? + +Edit1: called him today, agreed the 3k offer and offered him to move out end of January. Then this f**king guy doesn’t want to have deadline date. + +He says: I will move out whenever I finds a new place, it might be January, February or March. I know the law and how is court is handling things now, just get your attorney I don’t give a dam”. + +Screw this shit +Hi All, + +My parents currently own an investment property valued between $650,000 - $700,000 and have a loan amount remaining of around $250,000. They want to give me the property however I will take over the loan to take the pressure off them. I will then pay off the loan however they will receive the rental income, which I am happy to do as I get the asset and the equity gifted to me. I have done my research and see this can be done as a favourable purchase. + +A bit about me - I am 22 years old and still living at home. I work full time and earn around 60k a year. + +What would you do in my position ? Would you take the property and the loan ? My thinking is this is great opportunity for me and when I come to buy my first actual home, I can use the equity from this property to help me. + +Thanks All + +Edit: Wow I didn’t expect a response like this. Let me clear a few things up with everyone. I am 22 years old and will be living at home for at least the next 5 years. I am on 60k a year but reckon I’ll be on at about 100k in the next 5 years if I keep going at the rate I am. The point of this transaction is too take some stress of my parents in terms of the their loan amount - it has nothing to do with access to pension as both won’t be eligible for pension for at least 7 years. What my thinking is - its a win, I get the equity which will set me up to buy my first proper house when I am ready to move out and start a family while also reliving my parents from the loan amount they pay every month. I don’t have much expenses as I save 2-3k a month into my savings account. CGT and stamp duty have all been taken into consideration. I understand things can get messy with family, however these are my parents who would give the world up for their kids, they have bought three investments property and own their current house with the intention of given each kid (3 kids) a house when they pass away. I am thinking off doing this to get into the market quicker and set my self up for a better future. Hopefully this clears a lot up. + +Edit 2: I will pay solely on the loan amount and my parents will pay everything else to do with the property including maintenance and all property. The money will go into an account with my name on it where my parents will have access to it. +What the title says. I'm 19 and in my sophomore year of college. I am completely financially independent from my family and am currently living in an apartment. My lease is up in April and I do plan on getting a new apartment if I don't get an rv. + +I have roommates but rent is high in the area. I am currently paying $500 for my share of rent but after utilities and stuff it's more like $700-800/month. I really won't be able to find anything cheaper that's safe in the area. + +I'm going to pay almost $10,000 a year on rent and I will be in the area for at least 2 more years. I've looked on places like Facebook marketplace for RV's and there's decent ones for $6,000-$10,000. They're older but kept up woth to where renovations are not necessary. + +I have around $10,000 in savings right now but would expect to have closer to $13,000 once I'd get it. So my thought process is that I will be saving money in the long run even when I do rent a lot somewhere. + +I just understand that this sort of thing is risky. Spending the majority of my savings does not sound good but I could potentially be saving thousands in the long run. I don't plan on driving it around either so it doesn't need to run well. I just want to save money because my car is old and I bought it in full and would like to do the same with housing. +Ever since I got into finance, I've always been incredibly interested in using alternative data to predict the stock market. Lately I've been analyzing Zoom (the video conferencing software) stock price with their online reviews, and long story short achieved 59% accuracy and 77.8% precision with a simple Recurrent Neural Network architecture. + +https://preview.redd.it/xsdf4uuz9d261.png?width=1038&format=png&auto=webp&s=16fc1af7a93fdc27b77619c2ed79af245b243266 + +I used some of the most common technical indicators, including simple and exponential moving averages, Moving Average Convergence Divergence (MACD), Stochastic Oscillator, Bollinger Bands and Relative Strength Index (RSI). I also built a feature to add context to the review data - using Python’s TextBlob package to apply a sentiment score to each review text. The sentiment scores range from -1 to 1, with -1 being perfectly negative, 1 being perfectly positive and 0 being neutral. The sentiment scores are normally distributed and centered on \~0.25. + +Has anyone else used online reviews for this type of analysis? Feel free to have a look at my notebook here - I would love to hear your feedback: [https://colab.research.google.com/drive/1pepucu9w2-s-BsOE7Vc7YEM-fFkDVCeE?usp=sharing](https://colab.research.google.com/drive/1pepucu9w2-s-BsOE7Vc7YEM-fFkDVCeE?usp=sharing) + +The raw data is also available for analysis here: [https://www.dropbox.com/sh/rec20wp0il7f62f/AAAIzMsLkg1fsEpkyxmX1Y4ka?dl=0](https://www.dropbox.com/sh/rec20wp0il7f62f/AAAIzMsLkg1fsEpkyxmX1Y4ka?dl=0) + +UPDATE: Given all the interest here, I ended up writing up a blog post which goes into more detail about the methods and results: [https://blog.datashake.com/predicting-zooms-stock-movements-with-online-review-data/](https://blog.datashake.com/predicting-zooms-stock-movements-with-online-review-data/) +RC has motivated me to finish my novel and sell it as NFT, fuck Amazon and fuck publishers. Be so sweet to see my novel as NFT in GameStop market place. Be a pretty cool way to buy and own comic books too! The opportunity is limitless. Whatever you do, you now have a place to sell your content and own the rights, the old way of doing things is dead. Fuck Amazon and fuck all these other corporations who have been robbing the public of their art and innovation. Let’s get creating apes. Power to the creators! +Yo, been a while. Works been cray cray. \*insert small eye big eye tilted head tongue out emoji\* + +Ended up buying 7.5k worth of RFT @ 0.045. Target exit price approx 0.054. + +I got to learn not to be so greedy. Kept waiting for stuff to dip lower and lower but missed the rebound.. BPH 12c multiple times was looking so juicy but i wanted to get in slightly lower. Only missed like 4-5 opportunities which i could be at ticker like 16... oh well... fuck + +[Trade History](https://preview.redd.it/wriuowh760i61.png?width=567&format=png&auto=webp&s=7e14c58aa0f27bde3f0e9265578c46dc002e3fee) + +**FAQ:** + +***How do you chose your stonks?*** + +Okay I cop a lot of dm and comments about this. Might as well directly address it. + +So I use the daily and the sub to find slightly trending stonks. Stuff that gets some attention but not the meme over hyped stocks. From there I have a solid look at the stock and a bit into the company and judge a few things. + +WRT to the company: + +* What do they do? +* What industry? +* Do I think they have potential? + +WRT the technical side: + +* Whats the demand like? +* Where is the price at related to its ATH. +* Is it on an upward trend? +* Has new been released recently? +* What is its support like? + +From there if I like it enough Ill watch it for a while and try figure out my entry price. + +This is kinda my method of looking for the 20% stocks. I look at stocks different if I plan to hold them for longer term. + +I will say I've recently discovered proper method to technical analysis which I'm liking and will be looking at applying that to this challenge. It will mean I will be providing updates less as I'm learning and potentially transitioning to the US market where there is more opportunity to apply the technical analysis. +All Posts relating to Buy Now Pay Layer goes here until this thread is no longer stickied. + +Only exception are GAINS and LOSSES posts. + +BNPL. Gotta Owe Them All. +TLDR: Past short squeezes have often come after a sudden unpredicted float reduction as showcased in Northern Pacific of 1901 and VW in 2008. BBBY share repurchase announcement exemplifies this quality of squeezes and sent ripples through the "meme basket". + +Hi all, to quote Winston Churchhill, "The farther back you can look, the farther forward you are likely to see", so we will be using history that has occurred in past "short squeezes" as well as some recent information to mold my thesis. + +Also, I found it helpful to realize that any of these trading situations from years before computerized trading with a slight grain of salt. Why? Because "a trade" took a lot longer back then, like minutes instead of microseconds, which is worldly different but general principles apply. It is only exacerbated in the complexity of modern markets by high-frequency trading and in general how fast trading has become. + +**1901 Northern Pacific Squeeze** + +A slugfest between two titans, James Hill/J.P. Morgan and Steve Harriman, in one of the last great railroad wars of America. In 1901, Union Pacific was in a shitty position, mired in bankruptcy, and not enough profit to meet its obligations. However, Steve Harriman believed that if Union Pacific could acquire railroad lines in Chicago(Burlington & Quincy Railroad) the railroad would become extremely profitable and powerful. However, James Hill and the Northern Pacific Railroad, with support from J.P. Morgan, thought the Chicago railroads would bring massive profit also. In the ensuing negotiations for Burlington. The owner of Burlington went with the Northern Pacific offer. This royally pissed of Harriman and theoretically, Hill/Morgan only owned 23% of Northern Pacific. So, Harriman became Chad Harriman and began buying Northern Pacific shares on the open market secretly to wrestle control from Hill/Morgan and utilize the Chicago railroads. + +Pause, this was a 155 million dollar market in 1901 dollars(5,002,123,529 in today's dollars). Fucking huge market. So pretty much if Jeff Bezos began buying all Gamestop common shares on the open market because he believed the NFT marketplace for games would be huge. + +Well, Morgan and friends didn't realize that Harriman did such a big dick wreckless move until Harriman almost owned the entire float. That's when the price started rising as the bidding war began between the two parties. As they bid up the stock, a flurry of short-sellers entered the equation. Now \*enter a classic story about there being a massive amount of shares sold short well past the float. Moreover, the float was being eaten away by Harriman and Hill/Morgan. When the shorts finally discovered what the two parties were doing there was massive panic to close short positions. Well, the price went to 200, 400, 600, 800, even to an eventual top of 1,000 USD a share(32,271.76 after inflation). This literally fucking imploded the stock market and eventually the shorts were let off the hook and allowed to close at 150 USD. + +Key Takeaways: + +\-Harriman's unexpected tactic caught the short-sellers as well as J.P. Morgan by surprise which culminated in its ignition + +\-The float was locked down by both parties, while there were a lot more shares short than the ever-shrinking float + +**2008 Volkswagen Short Squeeze** + +In midst of the great financial crisis, something odd happened. Volkswagen, the German carmaker, became the biggest company in the world. For one, brief day. + +The story involves two of Germany's most famous automakers — Porsche and Volkswagen. For a variety of reasons Ferdinand Piëch under Porsche decided to grab control of Volkswagen's board, so in 2005, It began buying large swaths of VW on the open market, Between 2005-2008 the price rose 400% pre squeeze. + +Porsche played the long game. The first move came in 2005, when it announced it had taken a 20 per cent voting stake in Volkswagen. Over the next two years, it slowly accumulated more shares, eventually passing the 30 percent threshold where it would have to make a mandatory offer for the company in early 2007. A rule inhibited Porsche to take control of 35 percent of VW, after some fights in the courtroom Porsche came out on top getting this rule repealed. And then silence... Porsche didn't file the necessary filings when taking control over 35%. + +All the while, there was a rampant arbitrage opportunity on VW preference and common stock. Without getting too much into the weeds, German exchanges had these shares that separate investor types. For our purposes, We shall say that: + +Ordinary shares are Class A Shares + +Preference Shares are Class B Share + +In 2007/2008, Class A shares were trading around 200 USD while Class B shares were trading at 100 USD. So shorts came piling into the Class A shares thinking they were insanely overvalued because of the arbitrage. All the while, it was speculated that Porsche was using some financial wizardry with cash-settled options to accumulate an even larger stake without having to report it. With no news, the spread between Class A and Class B shares continued to climb and the chance for arbitrage was beyond juicy. Hedge funds and the likes jumped in for the fun, little did they know what Porsche was up to. + +Fast forward to Oct 2008, VW had been defying the financial crisis by continued rise, however, it finally started to break, and most shorts doubled down on their bets at a pricepoint of \~200 USD for Class A shares. Then on a Sunday, Porsche disclosed that they held a 74.1 percent stake in VW. Leaving the float ONLY 6 % of what it had been. With 12% of shares shorted it was mathematically impossible for all shorts to cover. The peak reached over 1000 Euros... + +Key Takeaway: + +\- Porsche pulled an unexpected move by accumulating vast swaths of the company undisclosed + +\- This unexpected move created a black swan event for shorts + +\- Hidden position size via options + +**BBBY Share Buyback announcement** + +In case you have been living under a rock, Bed Bath and Beyond, a company that is widely accepted as being a part of the "Meme Basket" which also reached massive highs on Jan 28th announced a 3-year buyback that would eat up 2/3 of outstanding shares. Essentially what Porsche did but the legal version, to some extent, what GME did with their buyback. Well, from the previous examples, a sudden unexpected event that radically eats away the float is an extreme risk for short players. Causing massive upward ripples in all meme basket stocks, including GME. + +Key Takeaway: + +\-Reveals that there is still a very large short exposure in the so-called "meme basket" and that even a slight change in any of the underlying basket stock floats would cause massive damage to short players + +**My Thoughts/ Conclusion** + +It is interesting to notice that the ignition for all these squeezes was on the behest of sudden unexpected moves by massive whales in reducing the float. Now GME is literally the complete opposite of this, instead of a single actor, it is a grass-root float reduction via "micro tranche" purchases through DRSing. While the short positions are being squeezed like a vice via float reduction, the situation is telegraphed to the short players, but they cannot account for the unexpected. + +Despite this, the BBBY share repurchase example shows that even the smallest change in the status quo has the opportunity to absolutely obliterate the short players. Now this shock can come in a multitude of different manners that I won't even try to predict. + +However, pure speculation, I think the NFT marketplace will come with a noncash dividend in the form of this NFT, think Microsoft points or even the free popcorn that was given to popcorn shareholders. However, it will serve the purpose of shaking out the shorts that are past the float of the stock which would have such an extreme effect on the stock that all short players would be obliterated. + +Until that time, I know what I feel like, being the Allied powers in March 1945, the writing is on the wall. + +Edit: Made the Subtitles **Boldy Bois** and words +I swear to god, the GMEAnon futzes LOVE to say. “This stock is going to hit X price on Y date because of Z calculation, so long as the mark is above [arbitrary number] at market close.” +Does no one remember what happened the week after RobinHood banned buying of GME? Seriously. There was this mass belief among those of us long on GME (and I should know, I believed in it) that SO LONG as the ticker closed above $320 on Friday, we would wake up Monday morning to the squeeze of all short squeezes. + + +And Monday morning in pre-market and all during the day we look at the stock, and lo and behold, the MOASS happened, and every single person who ever bought GME sold it for a price greater than $1000, and world peace was realized because the wealth had been redistributed through the markets for the first time in history. + + +No. It began the fall down to $40, which it finally hit towards the end of the month. Sure, it’s back above $100 per share, but that date was wrong and dangerous and a lot of people lost a lot of money. + + +Look, I’m long on GME. I believe there’s a possibility of a short squeeze. But the cultier the message becomes, the more ANGRY people are that other tickers are mentioned: + + +>RKT is just a hedge fund attempt to distract people from GME, just like SLV was. + + +That’s a great point, buddy. Say, have you looked at their charts? Do you understand the fundamental difference between the mortgage industry and a ticker that purports to be backed by actual silver but isn’t? + + +Oh, and let’s talk about the gross overestimation of WSB’s power. It is literally impossible for this subreddit to P*mp and D*mp. Every good trade, every time a ticker pops off, it is because of institutional power and pressure and market conditions. When people make money off of these things, it’s because they’re riding that train, not conducting it. No P*mp and D*mps are baked into the rules. Do you not trust u/zjz? What’s wrong with you. The market cap on tickers mentioned here has to be above a certain number to explicitly prevent p*mping and d*mping. +Don’t believe me? + + +Why isn’t PLTR at 50 then? No, seriously, why has it never hit $50 per share. They had a great earning last week. All over the subreddit people said it would hit $50. + + +In fact, if WSB is so damn important and powerful, how come GME spent almost an entire month below $60 per share in February? + + +Today could be a very good day. It could also be a very bad day- for whatever tickers you are invested in. + + +There are lots of great reasons to be long in GME outside of a potential short squeeze, and I personally think the stock is undervalued until it reaches a price of close to $200 per share, but I also think it will be incredibly volatile before that. + + +I also think it won’t earn that price target organically for two to three years. I think Ryan Cohen can successfully transform the company, and that’s why I’m long on GME. + + +So, rather than convincing yourselves that you know everything, that it’s all going to work out in a specific way at a certain date because of THIS INFORMATION, why don’t you relish in the fact that you don’t know. Because I certainly don’t. I don’t know anything. I’m a fucking idiot who makes financial decisions based off of gut feelings and the things I’ve read on a subreddit filled with other idiots. And that’s beautiful all on it’s own. +I've now been approached by 3 different people with the same type of story: "I met a couple that retired in their 30s and they took me under their wing." + +The conversation always unfolds in a similar way and some of the questions they ask are also the same: + +* the conversation starts with something related to you (say what you are drinking or reading) + +* then they ask what you do for a living + +* and when you ask them what they do, that's when they introduce this FIRE couple they met and how they are mentoring them to do the same + +* eventually they ask if you want to stay in your current job for much longer and if you show some interest in changing, they offer to put you in contact with their FIRE couple + +I'm pretty sure this is a scam of some sort, due to the fact I've been approached and heard the exact same story from multiple people and they have asked me the exact same sequence of questions (they must be following a script). + +I'm tempted to take the bait just so I can find out what this scam is, but then I realized someone here must already know about this. + +Just had an H&R block employee call me directly today and repeat, verbatim, the words I spoke to a "confidential" phone survey the day before. She proceeded to insult me directly, speak in a completely condescending manner about my lack of tax experience, and inform me that yet another mistake on her behalf (yet she blamed me in the call) was preventing submission of my taxes. Learned not to use H&R in a desperate pinch, and that H&R obviously doesn't respect your privacy. +After 2 and a half years of demo trading, many books read, and a lot of babypips and other resources, I'm going live. + +&#x200B; + +I apologize if the post is inappropriate, I am just really excited and wanted to announce it somewhere. I was weirdly stoked to change my flair. +So I started trading forex about a month ago using a signals provider despite all the 80% of people lose money I thought I was different. I had a great start, my $600 account was up to 1200, I of course had no risk management or anything of that sort and so within a few days I was down to 100 after thinking I could trade on my own. When my signals provider gave a signal to sell gold some time a few weeks ago I went all in and closed the trades with around $1000. I then proceeded to buy gold a cut that profit down to around a balance of $500. It was around this time I realised I should probably learn about what I’m doing before I lose the rest of my account. Fast forward to last week my account was at $0 due to my own bad trades but also a severe downswing on the signal providers side, who in my head could do no wrong after the initial profits. Then after a lot of research I set up an EA which over time seemed to have good profit and I completed with backtests for 2 months with great results. Confident I knew everything I put another $1000 in( as a student this is a lot to me) and let it off. I was trading the 4 pairs GBPUSD EURUSD AUDUSD and NZDUSD and the bot was on sell only mode. I activated it yesterday morning and closed the day with around $5 profit and $40 dd which all seemed swell to me. Fast forward to 40 minutes ago I woke up and I was down $700, after closing the trades for some unknown sleepy reason I decided to buy XAUUSD costing me another $160 despite being up on it at one point it came down and hit my stop loss. To make a long story short I’ve lost all but $140 of a $1600 investment because I think I know it all don’t use risk management or listen to the experts. I got what was coming to me, forex is not a get rich quick scheme and I know that now , pitty it’s a month and $1450 later when I could have just listened to every sensible person on the Internet +Hi all, + +Im relatively new here (posting under 1 month, but lurked for abit and have been trading 4 years) but feel its time to move on. While I dont want this to be a rant post, the reasons are rant-worthy so I apologise if it comes across as such. + +Over the month stay on the subreddit, it has become pretty clear that the posts that gain traction here are 1 off trades (most in hindsight), memes & posts about having a trading epiphany (most of which arent actually epiphanies). + +While I have never said that I am a professional who should be listened to, it sucks when you try and contribute to the group (and I thank others who are on the same path) with issues that people encounter in actual trading that is more geared toward longevity in this industry & this is just overshadowed by someone logging on and posting about a supposed trade they took/ a meme. + +Perhaps it's all my issue, maybe I misjudged what the purpose of the subreddit was to begin with. + +Anyway, I don't intend to drag this on much longer. I will try to distance myself from the sub as it genuinely sucks to see so many on a path to failure being led by others who portray trading to be something it is not. I often have a feeling of anger when I see posts like the above because it undermines the hard work those that will eventually actually succeed are putting into it or the work that those who have found their success put into it and continue to put into it from day to day. These feelings of annoyance are the main reason I am stepping away as they wont go away because the root of the issue cannot be remedied : You cant help those who are busy chasing shiny objects and dont wish to be helped/ exposed to the reality of trading. + +Thanks to anyone that made the stay enjoyable and I hope that the sub can see a mindset shift soon. + +&#x200B; + +note : if any of this sounded arrogant or rude, my apologies.. its just my honest observations +Listen up. The following is the brainchild of an individual called NK, we met in a Level 2 Data Youtube stream. I am posting on their behalf. \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Hi r/Superstonk, + +Today I am bringing a theory I would like all of you to pick apart and give your thoughts on. I have read some fantastic DD over the past year and after u/yelyah2’s [post](https://www.reddit.com/r/Superstonk/comments/rd0fcl/large_gme_delta_sensitivity_spike_ever_happening/) today it just… clicked. I am not bringing data, this is an explanation for the events we are seeing. + +Before I present the theory, I just want to state some assumptions I am making based on available information. + +1. In the years before 2020 GameStop was not doing well and COVID19 did not help. A lot of shorters saw an opportunity and went all-in. +2. I believe there is a separation between ‘shorters’ (hedge funds, family offices, banks… ) and market makers. They may be colluding, but there does not seem to be enough evidence for it. +3. However many times the float might be owned by retail, it does not matter, the events playing out signify the amount is enough. +4. There are a lot of tinfoil theories. I am ignoring them to base this theory on known, simple facts. +5. I cannot provide a timeline. +6. Although I have an economic background, this is not financial advice. + +Buckle up. + +Over the last weeks we have seen a lot of activities play out, including the dramatic price rise and drop over the last weeks. In my opinion, these activities are and may always have been market makers preparing to bring the necessary liquidity to the market, not necessarily to shake out retail. + +Between April and August of 2020, Ryan Cohen bought a 9% (5.8 million shares) in GameStop. He upped this number to 13.9% into November 2020. I believe Mr. Cohens purchase of shares combined with the retail investors following him by buying shares and options, was enough to bring the market – the supply of GME stock - to the point of illiquidity. At the start of December, a huge delta spike was triggered during a similar price decrease as this year. As you could read in u/yelyah2’s [post](https://www.reddit.com/r/Superstonk/comments/rd0fcl/large_gme_delta_sensitivity_spike_ever_happening/), it means the option market thinks the underlying (stock) is valued at a different price. I believe these actions were taken by market makers to push the price as low as possible. This had the following consequences: + +* Put providers follow delta by selling shares, as they might have to buy more shares as the put comes closer to being in the money; +* Call providers see the required delta drop, and they can sell shares. + +This is a fast way to push shares in the market through these option providers, and provides liquidity for short hedge funds renew their contracts or fulfil some of the exposure they have. In this timeframe the price decreases to a low on Friday, releasing another group of shares on T+2, further dropping the price to a new low following Friday. Market makers + +What I bet they didn’t account for, was that this was enough for retail to FOMO in through buying shares and options, causing the January sneeze. I think they still had to roll their January contracts, for which there was no liquidity due to the retail purchases. Due to the lack of solutions, they had to take away the buy button and shorted all the way down to provide breathing room to roll contracts. Some shorters did not make it (Melvin, Archegos, RobinHood almost), pushing the bigger funds to the brink of failure. + +Following every roll period for short hedgefund contract renewal, these events transpired. The difference seems to be the June share offering, where GameStop released 5.000.000 shares into the market, thus providing the required liquidity. + +They are not shorting to shake retail or price them out of options. Market Makers are shorting to provide liquidity for short hedge funds to roll. Market makers keep doing this in the hope that at some point the liquidity will return to normal. + +The actions taken by retail previously – holding – and as of lately - Direct Share Registering - seem to have a similar effect as Mr. Cohens purchase a year ago and seems to be leading to an increased effort of market makers to provide liquidity to the market, as short hedge funds will need this liquidity to roll their contracts in December and January. This is the reason delta is spiking: option providers know the spike is coming and value the contracts at a different price, as they know market makers at that moment are just trying to provide liquidity. The question is: will it be sufficient? + +I think this will keep playing out as long as illiquidity remains in the market. Short entity after short entity will topple over, bringing the price to a new high. The remaining short entities cannot keep gobbling up the potential losses and MOASS will ensue. + +**This theory could also explain some side effects we are seeing.** + +* GameStop is bringing news mostly on their current operations and barely on investments they are making even though these are very exciting. They can not rile/hype the market; +* They are keeping communication with shareholders to the bare minimum. Shareholder meetings are … boring. This case is any marketeers dream, however they are not taking advantage of it. See above; +* Elaborate hints to DRS; +* SEC meetings earlier this year; +* Short Interest turned into swaps – this is used to limit information for the market, which might speculate on a short squeeze and be cause for further illiquidity; + +Although I think the board of GameStop wants this to play out, they really do not want to be implicated. I wonder if Mr. Cohen was aware of all of this when he invested. How simple the explanation may seem, it ties together all events over the past year. + +What do you think? + +**TL,DR: The events we are currently seeing tell us market makers are trying to provide liquidity to the market for upcoming events through options, not to shake out retail. It is the fastest and perhaps the only way they can make this happen. Game Over, Shorts.** +Futures are already down 3% as we kick off Q2. + +Consumer confidence came our yesterday and was down to 120, unemployment report is coming out tomorrow and expected to be egregious. + +White house held a conference last night and finally admitted to how bad this virus is. Dr. Deborah Birx presented the new goalposts in a graph that shows a "no intervention" case (with more than 1.5M American deaths) and a better-case "flattened" curve by following government guidelines, that accounts for 100,000-240,000 American deaths. Trump also said "We're going to go through a very tough two weeks" + +I suspect we will continue to drop this week. I know a lot of this news was expected, but does anyone have other ideas about how the market will react to this? Dow 31k? (That last bit was sarcasm) +Basically, I transferred all of my shares held in my individual account over to CS and kept my Small XX in my Roth IRA at Fidelity. I asked how long would it take for my shares to transfer and she said an average of 24-48 hours...BUT!!!! "With everything going on and gamestop shares being puller out and to CS, it could take up to two weeks for CS to find the shares". Or something like that. You fucken apes are actually doing it!! She did mini FUD me at the beginning by saying it may be harder to sell at CS but idc, that's the point. No cell, no sell. +Hi everyone + +I would like to gauge opinions on what is the acceptable/good/desirable rate of return we/you should be looking for as an average for a given year. Or expect to be making. + +As a value investor, we are not looking at quick hits. But, stay invested over a long period of time. + +Thank you for your input. +Recently I've seen quite a bit of fear in both the national media and this subreddit on inflation. Therefore I want to make a post coming from an old investor to help ease any concerns. + +So, inflation. What a doozy. You know who loves inflation? The media. Why? Because it attracts eyeballs. + +"HOUSE PRICES CONTINUE TO RISE, NO END IN SIGHT" + +That shocks the lizard brain in all of us. It's okay, it's natural to feel a sense of fear and hopelessness when reading that. So, naturally, the media beats the drum all day, every day. They attract and retain the worried eyeballs, and thus, attract and retain advertiser dollars. + +(That's a side piece of wisdom: media does not exist to provide helpful information. The media exists to attract eyeballs. Remember that.) + +But with that being said, it doesn't take much to notice inflation. So how did this happen? + +Simply put, and let me say, simply put, the US has purposely pulled forward wealth to help mitigate the loss of productivity during covid. It's like if you were experiencing a rough time so your employer paid you the next 6 months of work upfront to help you get through it. Now multiply that across every person in the US. (AKA stimulus checks + decreasing of interest rates thus artificially increasing the price of assets) + +Hell yea, free money! + +Well, not so fast. And that's where we are at today. The prices of things are merely just catching up to the insane, and sustaining, level of demand. (I recognize also the bottleneck in the supply chain due to lack of labor, but just trying to make things simple) + +All of that is to say, it's not the worst thing in the world. Our economy has been through far worse, so if that's the market enemy of the year, I'd say we have it pretty good. ESPECIALLY if you have a horizon of 5+ years. + +So going back to earlier where I mentioned, "lizard brain". The quote I used to title this post was purposeful. Alfred Hitchock beautifully described the lizard brain with that one sentence. + +We keep hearing about this invisible inflation, **and that fear of the unknown, uncontrollable, seemingly never ending, is way more fearful than... well... actual inflation.** + +Why do I know that? Because inflation is occurring right now at an insane pace and we are living currently through the worst of it. + +And, well, nothing much has changed. Unemployment remains low. Jobs are still plentiful. + +The best is still ahead. Good luck out there. +Likely that this has already been answered; however, I’m having a hard time finding it on the sub. + +44M, 10M NW, 6M AUM + +Each month I take a 30K draw from my investments to fund my lifestyle. $360,000/annually. I could quickly reduce this, but let’s set that aside for now. + +Since selling my business a year and a half ago, I’ve gone through two different, reputable financial advisor firms— both recommended by my bank. + +Both of these firms did a basic financial plan for me, got me invested in a balanced portfolio, and hooked my account to some software they use for automated trading. Neither did any proactive updates to my financial plan, and they rarely met with me. + +The first one I fired due to the lack of communication and timeliness getting back to me. They would take 3 to 4 days to answer the most straightforward questions. + +The second one, I’m about to fire because of unkept promises. They claimed they have this massive team of advisers that they run all questions through, yet they gave me, IMO, lousy advice—later to find out they had all the info but didn’t run it up the chain to verify. + +Now I am interviewing more financial advisors. + +They all claim they will do the same for me, financial plan, balanced portfolio, tax planning, CPA, Estate Planning, finding insurance coverage, the best client service, etc. + +They charge a percentage of AUM, starting at 1% on the first 1M and scaling down for each M above that at an avg rate of 0.85%. Of course, I know I can negotiate their rates. + +I would be paying approximately $50k annually for their services. The investments they get me into sit there all year and seem automated through some software. Same with my monthly draw, this appears to be automated as well. + +I have a hard time believing that their services will pay for themselves. Am I wrong? + +I also need help understanding where I should set my expectations. + +What if I kick them out and split all my funds into a few balanced ETFs and mutual funds that track the overall market? + +I have become much more financially literate over the past year and a half. But at the same time, I am busy with my second start-up and don’t want to have to manage my portfolio daily. + +Thank you in advance. Any advice on how to frame this in my mind? + Paywall Link: [https://www.ft.com/content/31e3a8e4-b0ad-4516-8573-2677e77ef13a](https://www.ft.com/content/31e3a8e4-b0ad-4516-8573-2677e77ef13a) + + +**TL;DR** + +>Landlords are set to begin legal proceedings against retailers including Boots and Poundstretcher for refusing to pay rent despite staying open during the coronavirus lockdown. +> +>The pharmacy chain and low-cost retailer are among those who will be served with statutory notices in a bid to force them to pay up. +> +>Only 41 per cent of retailers paid rent on the latest collection day of March 25, according to data compiled by Remit Consulting from six leading property management companies covering more than 25,000 leases. + +> +>Atmore Group, a Liverpool-based landlord with £100m of property, said it would serve statutory notices for non-payment of rent to Poundstretcher and Boots on Tuesday. This gives them 21 days to respond or face a court hearing and the landlord applying to bankrupt them.  +ZIP has Partnered with 3 companies out of FAANG year and can technically pay Netflix bills with Z1P too. Cash back when paying with Apple Pay. Google we coming Are you fucking kidding me - I’m saying it will be at least $100 by Christmas (some year) . Just buy everyone buy them all it’s just $5 (You have $5 somewhere you cheap fucks) and let’s control the market. Seen it happen with PS5’s. You’re welcome. + +Edit - grammar YOU’RE WELCOME not YOUR WELCOME (immigrant things) +XRT it is. XRT it is. XRT it is. XRT it is. XRT it is. XRT it is. XRT it is. XRT it is. XRT it is. XRT it is. XRT it is. XRT it is. XRT it is. XRT it is. XRT it is. XRT it is. XRT it is. XRT it is. XRT it is. XRT it is. XRT it is. XRT it is. XRT it is. XRT it is. XRT it is. XRT it is. XRT it is. XRT it is. XRT it is. XRT it is. XRT it is. XRT it is. XRT it is. XRT it is. XRT it is. XRT it is. XRT it is. XRT it is. XRT it is. + +Edit: In this ETF there is 'only' 43,000 shares of GME. + +&#x200B; + +https://preview.redd.it/unnzuaa4c0481.png?width=2178&format=png&auto=webp&s=73cba4ef992ff8298052bfeb70e9d281a4856df4 +The market rebound reflects a belief that inflation has peaked and rates will go down sometime next year, an outlook Fed officials have tried to dismiss + +https://www.wsj.com/articles/in-high-stakes-inflation-game-wall-street-bets-the-fed-is-bluffing-11660830685?mod=hp_lead_pos10 + +The Federal Reserve says it is going to keep raising interest rates. + +Wall Street thinks it’s bluffing. + +This could spell trouble for both of them. + +Markets pummeled by the Fed’s rate increases in the first half of the year are racing upward. The S&P 500 is up 17% from its mid-June low. The yield on the 10-year U.S. Treasury note, which is used to help set rates on debt such as mortgages and student loans is down more than half a percentage point from its June peak. Even battered cryptocurrencies have jumped. + +For many investors, the rebound reflects a belief that inflation has peaked, and expectation that the Fed will shift from raising rates to lowering them sometime next year. + +A parade of Fed officials has tried to push back. “There’s a disconnect between me and the markets,” Minneapolis Fed President Neel Kashkari said last week. + +An expectation the Fed will start cutting interest rates in the next six to nine months isn’t realistic, Mr. Kashkari said. ***It is more likely the Fed will “raise rates to some point, and then we will sit there until we get convinced that inflation is well on its way back down to 2%,”*** he said. + +If the Fed follows that path, markets are likely to face a painful reckoning—one that could unwind much of the recent rally and extend what has been a tumultuous stretch for investors from retail traders to hedge funds to pension funds. + +“We think the market is getting ahead of itself,” said Wei Li, global chief investment strategist at BlackRock Inc. + +Rallying markets also make the Fed’s job tougher. Rising stock and bond prices have loosened financial conditions since the Fed’s June meeting. That works against the central bank’s aim to slow spending and reign in inflation by raising rates enough to tighten the flow of money in the economy. + +***“You need to keep financial conditions tight. That’s the whole point of this,”*** said Marc Sumerlin, a senior economic adviser to President George W. Bush who is now managing partner at economic consulting firm EvenFlow Macro. + +Any acknowledgment by the Fed that inflation is easing risks spurring further market gains. That could lead to even looser financial conditions, slowing the central bank’s efforts to tame inflation, said Jason Draho, head of asset allocation for the Americas at UBS Global Wealth Management. + +“Now, you’re sort of undoing a lot of the hard work the Fed has been doing this year to slow the economy,” Mr. Draho said. + +**Fed faith** + +To understand how the two sides got so far apart, it helps to look back. + +For decades, investors have put their faith in the “Fed put,” the belief that when markets fall substantially, the Fed will lower interest rates, purchase bonds or otherwise increase liquidity in the financial system. + +The belief dates to the 1980s. Federal Reserve Chairman Alan Greenspan was quick to cut interest rates during such upheavals as the Black Monday crash in 1987, the Russian financial crisis and subsequent meltdown of hedge fund Long Term Capital Management in 1998, as well as the dot-com bust in the early 2000s. By the time Mr. Greenspan left the Fed in 2006, investors had come to expect it would always be there to provide cover. + +For much of this year, the Fed put was in doubt. The central bank raised interest rates in March and signaled it would continue at a brisk pace to attack inflation, which had reached multidecade highs. U.S. stocks suffered their worst first half of a year since 1970. Investment-grade bonds posted their worst first half in history. + +Then came the unexpected. Investors started to believe the Fed would again come to the rescue, despite much evidence to the contrary. + +In June, the Fed voted to raise interest rates by 0.75 percentage point, marking its biggest rate increase since 1994—presumably bad news for the markets. But traders clung to Mr. Powell’s words at the postmeeting press conference. The Fed chairman acknowledged the rate increase was “an unusually large one” but not something he expected to be the norm. + +Stocks jumped, with the S&P 500 rising 1.5%. + +Then at a July 27 news conference, Mr. Powell tried to strike a balance between his earlier public remarks revealing concern about the strength of underlying inflation while also suggesting the Fed was eager for signs of improvement that the central bank won’t have to raise rates much above 4% or 5%. Wall Street interpreted him to mean the Fed was open to slowing down its pace of rate increases. + +The S&P 500 ended the day 2.6% higher. The Nasdaq Composite surged 4.1% for its biggest one-day gain in more than two years. + +Traders have pulled back from bets on inflation. The five-year break-even rate, a proxy for where traders believe inflation will be over the next five years, has fallen to around 2.6% from as high as 3.6% in April. Labor Department data this month showed inflation eased slightly in July but remained near its highest level since November 1981. + +Some of Wall Street’s top analysts have cautioned about reading too much into recent stock gains. + +Mike Wilson, chief U.S. equity strategist and chief investment officer at Morgan Stanley, is forecasting the S&P 500 will end the year around 3900, down 8.8% from where the broad index closed Wednesday. At Bank of America Corp., Savita Subramanian, head of U.S. equity and quantitative strategy, is expecting the S&P 500 to finish 2022 even lower—at 3600, a fall of 16% from Wednesday’s close. + +Skeptics of the rebound say that even if inflation turns out to be peaking, it likely won’t fall fast enough for the Fed to pivot as quickly as the markets expect. + +The Fed’s preferred measure of inflation—the personal-consumption expenditures price index—rose 6.8% in June from the same month a year earlier. That was far above the central bank’s target and the sharpest rise since January 1982. Investors will see the July reading later this month. + +“The market is still pricing more aggressive cuts than we think are warranted,” said Ms. Li, of BlackRock. “We see the Fed eventually pivoting on policy, but not as much as the market is expecting.” + +A challenge for both sides is that the Fed doesn’t appear to have confidence in its ability to accurately forecast inflation, which makes it difficult to predict when the central bank will stop raising rates. + +***“We now understand better how little we understand about inflation,”*** Mr. Powell said at a forum hosted by the European Central Bank in June. + +***Economists outside the Fed are divided over how aggressively the central bank should attack inflation. One camp says even if it falls over the next 12 months, it is likely to settle at 4% or higher, a level most Fed officials would consider unacceptably high. That would make it difficult for the central bank to lower rates to the levels that fueled markets in recent years.*** + +Some of these economists suspect the Fed isn’t being forthcoming about how high it believes interest rates will need to go for inflation to fall to 2%. + +Another camp warns that the Fed, embarrassed about waiting too long to pull back its support of a booming economy last year, will compound the error by tightening too much. These economists believe the current surge in inflation is the result of global shocks rather than an overheated U.S. labor market, which would require a much deeper downturn to bring down inflation. + +**‘Unpredictable beast’** + +Investor faith in the Fed put has strengthened in recent years. Markets slumped in 2018 as the central bank raised interest rates four times and investors fretted over the seeming end of easy-money central bank policies. As the central bank paused its rate increases and then switched to cutting rates the following year, stocks went back up. + +They tumbled again in March 2020 after the Covid-19 pandemic shut down economies around the world. They bottomed out within the month and surged after the Fed cut interest rates and relaunching its bond-buying program. + +“The fact that the Fed is very hawkish today doesn’t mean they can’t go dovish in a few months. That’s happened over and over again,” said Jim Paulsen, chief investment strategist of The Leuthold Group in Minneapolis. + +Yet in recent instances when the Fed eased rates, the central bank was having difficulty pushing inflation up to its 2% target. Investors and Fed officials were ultimately reacting to the same growth risk. With inflation running high, that is no longer the case. + +If the Fed holds tight to its plans, markets could be in for a tough ride. Earlier this year, Goldman Sachs Group Inc. research found the stock market had fallen at least 15% on 17 occasions going back to 1950. In 11 of those instances, the market only hit its trough around the time the Fed started easing monetary policy. + +Mr. Paulsen believes the case for further interest-rate increases has weakened. But he acknowledged that trying to predict how the Fed will respond to inflation in the months ahead is almost impossible. + +***“The reality is that right now, the market is enjoying the Fed put,”*** he said. “We’re all dealing with a very unpredictable beast.” + +--- + +Don't fight the Fed. Caveat Emptor. +Lets face it - if you are really into finance you are a dork about it. So what cool facts do you have that either put the markets into perspective for newbies, or that you just learned that you find interesting? + +I'll start - did you know there is a $1.2bn market cap Avocado farmer based in Mexico? Check it out - $CVGW + +I want to hear what some people know way out of left field here +The Tesla Bitcoin is worth about 0.2% of the entire market cap. So around 38k BTC after selling 10% previously. In the last 30 days institutions have bought 215,000 BTC. + +Don’t think for one minute that Elon and/or Tesla is the only thing keeping this market up. Bitcoin hit $42k before Tesla got involved + +Don’t get played by FUD, Tesla does not make this market +You guys wana see some shit... Ill take you on a lil trip... This is not financial advise - I smoke a bong - + +The next crash is going to be so big, that they actually need to have the American People, and people off the world bag hold all this shit... If the people dont bag hold, there wont be anything left. Years of fake money printing, fake money supply, is coming to an end. These old fucks really ran it hard for 40 years and at the expense of everyone else. But markets always crash, they just do. + +There is not 1, not 1 major Financial Services Firm that has a bearish sentiment on things. Not 1. So for the record, I think its clear they do not have clients best interest, and actually have everyone holding the same shit. Everyone owns a basked of etfs and mutual funds, that are all the same. (aint no one got that GME) + +Inflation 6.2% reported, the RRP is stilll at $1.45 trillion, people are quitting work at a record pace, crytpo coins making billions of percent... Houses are not affordable if you have a regular job. Houses are not affordable if you have a great job. + +The Government is broke as fuck. LIKE, I wouldn't want to be seen at a cool party with your broke ass USA Gov... And its all fucked... + +[So Nearly $30 Trillion in debt...](https://preview.redd.it/i6bczvhkg8z71.png?width=1370&format=png&auto=webp&s=c042e4118aaaa8bbdab06b8d3d632883411e106c) + +Most Apes get this, but the older Boomer (and I apologize for the Stereotype) who own FANG (Remember Jim Kramer invented "FANG") and think they're a Genius holding Amazon and Google, the companies who stole our rights and data, and sold us off to Algos. + +I won't buy a company like Ammamamozon, because its too much consolidation to one company - long term, it would not be able to support enough people - Unlike me, many people don't care if they buy a stock that is bad for the country. Most people are selfish and they are going to get theirs. + +See lets look at SPY..... how greedy are you gonna be? If you were a boomer who made $5million, and retired with $1million - cash the fuck out - + +[Look at 2008 and Look at now... Sorry for the shit graph and that purple line, i like purple... ](https://preview.redd.it/34kvqhd2h8z71.png?width=2244&format=png&auto=webp&s=d121be9db9660c04ac2d28ed331b8fe45962839e) + +How much further can this market go? + +So im not trying to be a fancy TA post... Im not a TA Expert by any means (full disclosure) + +[When I zoom in, It appears it broke the channel and it looks broken for now.](https://preview.redd.it/bx57e96nh8z71.png?width=1984&format=png&auto=webp&s=df832d8920a8067393bc49db8f4f5bdf0acb95c1) + +[Top Ten Holdings are over 27&#37; of the S&P 500](https://preview.redd.it/onjgsz4vh8z71.png?width=1846&format=png&auto=webp&s=7fd37aaa028afdca005c2f6724362cfb94aaa34c) + +So when this market falls, there is massive "concentration risk" because if any of these large tech stocks get smoked, it will bring the entire market down which is why --------- these mofos are selling like crazy... + +This mother fucker bezos is the best one - because when this market crashes - Amazon could easily drop 70% - if you dont believe me go and look at standard deviation of individual stocks during crashes - hes gonna lose like $150bn - hes selling like a mother fucker lol... + +[Just the last few weeks, I don't care to show more\/go there more but the link is below. ](https://preview.redd.it/9zaqzubvi8z71.png?width=1966&format=png&auto=webp&s=2da4ba22c50c45f7383590646f8cf55d73572243) + +[https://finviz.com/quote.ashx?t=AMZN](https://finviz.com/quote.ashx?t=AMZN)= + +[Mark Zuckerberg rebranded FB META, and has CNBC pump it so he can sell his shares to old people at all time highs... ](https://preview.redd.it/ebz8jtb7j8z71.png?width=2194&format=png&auto=webp&s=742148b4803fc3026a943ca166f2d8ee4b9ab155) + +[Shilling Facebook while Mark is offloading Billions before the crash... ](https://preview.redd.it/i9db3tikj8z71.png?width=1336&format=png&auto=webp&s=73ae1de24854252467b3a07e851a06c8d9c98585) + +[https://www.reuters.com/world/china/chinas-factory-gate-inflation-hits-26-year-high-2021-11-10/](https://www.reuters.com/world/china/chinas-factory-gate-inflation-hits-26-year-high-2021-11-10/) + +"BEIJING, Nov 10 (Reuters) - China's factory gate inflation hit a 26-year high in October as coal prices soared amid a power crunch in the country's industrial heartland, further squeezing profit margins for producers and heightening stagflation concerns. + +The producer price index (PPI) climbed 13.5% from a year earlier, faster than the 10.7% rise in September, the National Bureau of Statistics (NBS) said in a statement." + +Inflation in China is 10 and 13.5% - WTF? + +[I BELIEVE CHINA HAS A MORE ACCURATE count than USA - Fuck me - ](https://preview.redd.it/s14vmyktk8z71.png?width=1492&format=png&auto=webp&s=fce64ae6238b80aa6bd7c8900afd8838c9377b3c) + +But 28% of the worlds goods are gonna go up 13.5% - + +But at no point did any firm stop and say - lets ease up - the don't they cant - the American People have to bag hold this crash or there wont be anything less. Im not happy about it. Im getting nervous - + +But this is why we have a crash coming \^ + +**The Media, Banks and Financial Institutions are lying to their clients about the true state of things - there is not one major financial services firm with a bearish view on things - astonishing!** +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’ve been managing my late father’s affairs and found he left me a small amount of gold. I wasn’t sure of the value of exchanging it for USD (or even how to go about doing that outside of a pawn shop) vs continuing to hold on to it, particularly considering the volatility of the past year. I’ve also been warned against potential tax consequences for performing said exchange. I’d appreciate any advice y’all have on the subject. Thank you! +# Intro + +I've posted about this before and showed proof of this "theory" working almost perfectly. I've already explained the methodology which is based on the use of T+21 and T+35 cycles. + +Using this method, i'm able to tell almost exactly on which days GME will move significantly and not crabwalk/trade sideways. The accuracy is give or take 1 day. + +&#x200B; + +# Basic Info + +**What does this method predict?** + +* It can tell you almost with precision on which days GME will move significantly more than normal. + +&#x200B; + +**What this method can't predict.** + +* It can't predict when GME will moon. + +&#x200B; + +**What else can this method tell me about GME?** + +* If used correctly, it can indicate perfect bottoms. +* If used correctly, it can indicate days where GME will be shorted. +* If used correctly, it can indicate days where GME will recover to it's pre-shorted price. + +&#x200B; + +**So what? Who cares, GME will moon anyway.** + +* Yes GME will moon. Buy, Hodl, etc. + +&#x200B; + +\---------------------------- + +&#x200B; + +# Part 1 - Everyone else's T+21 and T+35 theory + +**The 'can' or 'infinity pool'** + +The well known T+21 and T+35 graphs posted here have their own merit, they're not wrong, they simply track something specific which in my opinion is the actual 'can' or so called 'infinity pool' that's being kicked by the MM/SHFs. + +Tracking the position of the can that's being kicked is fine. I wanted something deeper than this. + +&#x200B; + +**This theory Vs the basic/common T+ theory** + +Again, the basic T+21 and T+35 theory has it's merits. Not bashing it. I wanted something more specific, accurate, granular and i found something. + +Here's the differences between my theory and the commonly known T+ theory. + +* **Basic:** It only gives me the information that there will be only **2** moves within T+21 and T+35. +* **My methodology** can show **4-10** different days in a T+21 - T+35 cycle. + +&#x200B; + +&#x200B; + +&#x200B; + +# Part 2 - The Proof + +I guess there's no point in explaining anything further unless i show proof of my claims, right? + +&#x200B; + +**So here's my proof** + +* I made 2 prediction posts on Tradingview (a stock charting site). +* You cannot edit a prediction after it's posted. So if you made a prediction, it is what it is. No editing. + +They all (for the most part) accurately predicted the days on which GME would move more than normal and not crabwalk/trade sideways. + +&#x200B; + +**Post 1 -** Please excuse the mess. I was still in the process of refining the theory. Your takeaway from this is that you need to look at the vertical white lines in the future. + +These indicate the days where GME should move more than normal (again, with a +-1 day accuracy) + +[https://www.tradingview.com/chart/GME/t15y2iPt-GME-FTD-Reset-Cycle-Update/](https://www.tradingview.com/chart/GME/t15y2iPt-GME-FTD-Reset-Cycle-Update/) + +*Press* ***play*** *and see the result.* + +&#x200B; + +Screenshots for bored folk - **Before** + +[I said it would be messy](https://preview.redd.it/1rpk38tuzz671.png?width=1571&format=png&auto=webp&s=ed9319afe5f001593414c680aea6fc5325c94d5c) + +Screenshots for bored folk - **After** + +[Very messy, but it's there.](https://preview.redd.it/mxvlmibzzz671.png?width=1578&format=png&auto=webp&s=d4ad6062b83bacf5e3e4cb54a8e72105681888b3) + +&#x200B; + +**Post 2 -** No mess here. This is where i've refined the theory and made it simple, understandable and as clear as day for anyone to understand. + +Again, just look at the white lines. That's when GME should move (again never forget +-1 day accuracy). + +[https://www.tradingview.com/chart/GME/ATA3MRUc-GME-Next-FTD-Reset-or-Bleed-Dates/](https://www.tradingview.com/chart/GME/ATA3MRUc-GME-Next-FTD-Reset-or-Bleed-Dates/) + +*Press play and see the result.* + +&#x200B; + +Screenshots for bored folk - **Before** + +https://preview.redd.it/ku7li0y400771.png?width=1567&format=png&auto=webp&s=7d064c29afc1694deb156e44666d3b4ef3b30343 + +Screenshots for bored folk - **After** + +https://preview.redd.it/dn7c4za600771.png?width=1571&format=png&auto=webp&s=1781e1b320cf9f583a38439b5fd4f2a9dd3a4081 + +&#x200B; + +&#x200B; + +# Part 3 - The doubter + +If you can do the same by using the T+21 - T+35 theory go ahead. You have proof, it's undeniable. Really, i've posted this proof before and people dismissed it. + +I posted proof above, what else do you want? I spent 3+ months building, verifying this theory into a working methodology and provided proof above. Take it or leave it or do better yourself. + +&#x200B; + +&#x200B; + +&#x200B; + +# Part 4 - The methodology & Basic Example + +The methodology is already posted in the threads below, but i'm going to repeat it one more time in case it was missed (And i do think it was missed by too many people). + +* [Part 2 - The next FTD cycle bleedout days](https://www.reddit.com/r/Superstonk/comments/nzkwkf/part_2_intraweek_max_pain_the_next_ftd_cycle/) +* [Part 3 - The next FTD cycle bleedout days](https://www.reddit.com/r/Superstonk/comments/nznccu/part_3_intraweek_max_pain_the_next_ftd_cycle/) + +&#x200B; + +**Methodology Intro - Naming** + +I personally call it something along the lines of: **"Reset or Bleed"** + +The methodology assumes that on the days marked on the chart, the MM/SHFs or are forced to deal with the effects of their shorting activities. + +On the days marked on the chart, MM/SHFs have to decide whether they want to: + +* Kick the can **(Reset)** +* Deliver/Cover **(Bleed)** + +&#x200B; + +**Methodology - Basic Example** + +I'll be explaining how the basics of the methodology work. You can derive a date on which GME will move significantly based on this. + +&#x200B; + +**Step 1** + +*Simple* + +1. Take a day where you believe a decent amount of shorting occurred. +2. Count T+21 days from that date into the future. +3. Count T+35 days from that date into the future. + +Now repeat this for all other dates on which you believe there was decent shorting going on. (Yes assume all red candles are baddies shorting) + +&#x200B; + +***Step 1 -*** *Example Chart* + +https://preview.redd.it/4d2vzeuk10771.png?width=2444&format=png&auto=webp&s=0f1ee967e4fe43d1e6794bb81b896708da490b57 + +&#x200B; + +**Step 2** + +>*Think like a hedgie. Be the hedgie. See the world through the hedgie's eyes.* + +Based on the chart in Step 1, we now have 4 dates on which MM/SHFs need to make a decision: + +1. June 14 +2. June 15 +3. June 16 +4. June 18 + +The T+21 and T+35 dates are coming up for the previous shorts, do you: + +* Kick the can **(Reset)**? +* Deliver/Cover **(Bleed)**? + +&#x200B; + +***Think like a hedgie*** + +* You have 4 dates for Reset or Bleed in the exact same week. How do you deal with this? +* Failing to deliver is **NOT** an option. + +So you **MUST** ***"Reset or Bleed"***. (Kick the can or Deliver/Cover). + +&#x200B; + +***Why is failing to deliver NOT an option?*** + +It should be fairly obvious at this point. Failures to deliver have been at an all time low since January's sneeze. + +You're a hedgie and you DO NOT want the SEC's attention on that 1 hot meme stock. + +[FTDs at an all time low since January's sneeze. If you FTD too much, someone's gonna ask start asking questions.](https://preview.redd.it/zz69vk7x40771.png?width=960&format=png&auto=webp&s=4342437af775d0c9322c829da12bc0929d738543) + +&#x200B; + +**The T+21 and T+35 Cluster** + +As we said previously above, we have 4 dates in the SAME WEEK on which T+21's and T+35's for previous shorts must be dealt with. + +https://preview.redd.it/lreb419h50771.png?width=1068&format=png&auto=webp&s=c7f08cba73acd6c69747c0ffa5f4e2aa0ef2aeea + +>**Q:** If you're a MM/SHF, what's the most logical thing to do for the above dillema? When do you deal with the underlying problem of you being too greedy and the T+21 and T+35 cycle? + +&#x200B; + +>**A:** You would **"Reset or Bleed"** ALL 5 coinciding cycles of that week on June 14 (Monday) right? Well usually yes, but in some cases this is instead done +1 day later. The reason that i suspect this is done is because of **FTD close out lock-in's**. +> +>This is a Finra or Sec rule (I can't remember) that says if you exceed T+21 or T+35 for closing out an FTD or what's about to be an FTD, they'll auto close it for you at market price and charge it to your balance. + +&#x200B; + +Now you also understand the better reason why no one wants to have pending FTD's with GME. If you have a lot of FTDs and they get auto closed out by **Finra/Sec lock-in trades** at the wrong time, they could cause "delivery/covering" at the strategically wrong time for a MM/SHF. + +Imagine this happening for a lot of FTDs at $280 a week ago. It would trigger the moass. Similarly, imagine FTD's getting auto-closed out at market price DURING the moass. Scary (for them). + +&#x200B; + +**Step 2 - Result** + +Well see for yourself. + +They made their move on the 15'th and not the 14'th as you'd expect. It's possible they're not even lifting a finger here and letting Finra/Sec's system auto-close to-be FTD's for them. + +https://preview.redd.it/9zbwann480771.png?width=1561&format=png&auto=webp&s=12c9ad14b22234e6c14a6c6efa24f206aa12213c + +&#x200B; + +&#x200B; + +# Part 4 - The Methodology & Advanced Example + +This part will be messy and complex looking but i swear it's not if you've been paying attention. Incidentally, it's also already explained [here](https://www.reddit.com/r/Superstonk/comments/nznccu/part_3_intraweek_max_pain_the_next_ftd_cycle/), but here we go again anyway. + +&#x200B; + +**Part 1 - Mapping all T+21 and T+35's for all significant short days** + +It's simple, find a significantly short looking day in the past and count T+21 AND T+35 from it. Mark those 2 dates. Repeat, repeat it a lot... + +&#x200B; + +*All "significant" short days, mapped.* + +https://preview.redd.it/6gxrwk1390771.png?width=2443&format=png&auto=webp&s=9981d25816a2a9ce8d619088bbdd4c340b3a997a + +&#x200B; + +&#x200B; + +**Part 2 - Map all T+21 and T+35's for each Week** + +Here's this week's (June 21 - 25) map as an example. More details already posted [here](https://www.reddit.com/r/Superstonk/comments/nznccu/part_3_intraweek_max_pain_the_next_ftd_cycle/) + +https://preview.redd.it/vsykczg9a0771.png?width=2107&format=png&auto=webp&s=6f65e3fc4afeb421bc50d5f63ce279014c4bea7f + +Here's the result of what happened this week. Tradingview chart [here](https://www.tradingview.com/chart/GME/ATA3MRUc-GME-Next-FTD-Reset-or-Bleed-Dates/) + +https://preview.redd.it/ny72bm3ea0771.png?width=1561&format=png&auto=webp&s=e0b5c843996312d9598cbc0bf9957214b1dbf497 + +&#x200B; + +# Conclusion + +Yeah this shit works. + +Also look at what next week looks like. There's a LOT of cycles coinciding in the same week. To add even MORE to that, the cycles ending in this week are the result of the big 5 mil share offering of GME (technically a short). + +I really wonder whether the big 5 mil offering short will cause a big movement next week due to the T+21 T+35 cycles for it all end in the same week. I think it's a question of whether MM/SHF's have enough funds to **Reset or Bleed** (Kick the can or Cover/Deliver). + +I absolutely LOVE the perfect timing of this. It coincides with the Russel Reconstitution, with the 30'th of June Moratorium of rent stuff in the US and the release of the Bank Benchmark results as well as other things. + +I truly hope this is the 4D chess RC has played with this 5 mil offering. + +&#x200B; + +**Next Week's Map** + +Here's next week but please mind you, this one is VERY convoluted and difficult to decipher due to the amount of T+21 and T+35 cycles ending in the same week. + +I've done my best to figure out the days GME will move. + +&#x200B; + +*That's a lot of damage* + +[Please ignore the circle on the bottom, it's part of THIS week, not next week. Erroneously added.](https://preview.redd.it/akgb4t8wb0771.png?width=2445&format=png&auto=webp&s=9fdd8a79735ed934eccb4c2afca1e367667d003b) + +&#x200B; + +https://preview.redd.it/33822rq5c0771.png?width=2457&format=png&auto=webp&s=dedfc30628e1d4392bca4998655a1f5f6196911a + +The mover dates/lines i added to my online tradingview chart are 30'th of June, 1'st and 2'nd of July. + +I tried my best to narrow it down, but i couldn't because next week is simply very complex and difficult to figure out and i'm winging this one based on my past experience using this methodology. + +Logically, the mover date for this should be the 30'th, but because the MM/SHF's won't touch this, i suspect we'll see another FINRA/SEC FTD auto-close out the next day on the **1'st of July.** + +Anyway again, for the millionth time, here's the link to my thing showing when we'll possibly move next week. [https://www.tradingview.com/chart/GME/ATA3MRUc-GME-Next-FTD-Reset-or-Bleed-Dates/](https://www.tradingview.com/chart/GME/ATA3MRUc-GME-Next-FTD-Reset-or-Bleed-Dates/) + +&#x200B; + +[Related, it's some of you. Get excited and accidentally sell all your GME because the 1'st of July didn't result in anything significant at your own risk. If you paperhand GME for something as dumb as a date, you deserve your fate.](https://preview.redd.it/14sq9hnfd0771.jpg?width=500&format=pjpg&auto=webp&s=dc0ebcd00a1e59a1cbe244becb8caf583899f878) + +&#x200B; + +**None of this is financial advice and i'm not a financial advisor.** +As the title suggests, I achieved $1m NW in 10 years. I’m 33, SO is 31, Son is 6. We live in a MCOL suburb in the Midwest. + +2011 - Graduated college in May 2011. Started job in July earning $43k. Wife graduated in December 2011. + +2012 - We bought a house for $140k (used all of our savings for a down payment off $7k). Our combined salary was approx. $65k. Net Worth = $25k + +2013 - Combined salary approx. $70k. Net Worth = $55k + +2014 - Paid of student loans ($19k). Wife got a new job. Combined salary of $80k. Net Worth = $91k + +2015 - Son was born. Paid off car loans ($20k). Promotion/raise at work - combined salary of $100k. Net Worth = $125k + +2016 - Combined Salary of $110k. Started after tax brokerage account. Net Worth = $215k + +2017 - Bought a new house ($267k). Combined salary of $125k. Net Worth = $351k + +2018 - Combined salary of $130k. Net Worth = $460k + +2019 - Combined salary of $135k. Net Worth = $635k + +2020 - Combined salary of $140k. Net Worth = $825k + +2021 - Combined salary of $150k. Net Worth = $1m+ (hit $1m in Aug 2021). + +It took 10 years and 1 month of working to surpass $1m net worth, which breaks down as follows: -$17k cash -$300k stocks (after-tax) -$525k retirement -$150k house equity -$35k HSA + +We’ve averaged \~$100k as our combined salary over the past 10 years. I could be misremembering exact salaries throughout the years, but those listed are probably pretty close. We’ve maxed out ROTH IRA’s since 2012 and have maxed 403B (w/ 10% match), HSA, and contributed about $25k to after-tax account for the past 5 years (saving \~$75k annually). We still go on vacations, buy stuff on Amazon, order take-out…etc. Our expenses have always between between $45k-$50k since having our son in 2015. + +Lessons learned: 1.) Prioritize savings. When I received a promotion/raise in 2015, I started maxing out my 403B, instead of spending the extra money. After doing that, I think I actually lost $50/mo in my paycheck - worth it. + +2.) Kids don’t have to be that expensive - We kept our starter home (very low payment) while our son was in daycare ($800/mo), and didn’t move until we eliminated that expense. We spend a lot of time with family, going to parks, camping….These aren’t expensive activities. + +3.) Reaching $1m was a total let down. I plugged in the numbers, realized it, and then just went about my day. It’s too abstract (spreadsheet money). + +4.). Write a 5 year - 10 year plan. We did that in 2012 (listed out our assets, debts, goals for each year). It helped provide direction, in the event we found ourself with extra money. Our goal was to reach $1m by age 36. + +&#x200B; + +Edit #1: here is my net worth graph. I've been tracking for almost 10 years. [https://imgur.com/WY55DsZ](https://imgur.com/WY55DsZ) + +Edit #2: The bumps in 2015, 2017, and 2018 on the NW sheet above were combo of house appreciation and bonuses from work. +BBC Moneybox: https://www.bbc.co.uk/sounds/play/m000t4l3 + +Thought I'd share this with UKPFRs. + +A senior MP tells Money Box it’s “appalling” that house developers are asking some customers to sign non-disclosure agreements as a condition of fixing serious defects with new homes. A new report this week claims there are still around 250,000 mortgage “prisoners” - people trapped on high-interest mortgages. +Was just commenting on another post and thought I’d make it it’s own post + +I see people regularly recommend cancelling things like Netflix/Prime etc but havent seen anyone recommend cancelling your TV licence - you may not need it yet continue to pay the £12-13 a month just because you assume you “have to” + +If you only watch non-BBC streaming or catch-up services, you don’t need a TV licence + +You only need one if you watch live streamed tv (eg normal terrestrial tv (any channel) as a show airs the first time) or if you watch iPlayer (owned by the BBC obvs) - other catch-up providers like ITV/channel 4, don’t require a licence + +https://www.tvlicensing.co.uk/check-if-you-need-one + +Obviously if you should have one, pay it but if you don’t need it, save yourself the money - it’s as simple as filling out a small form to say you don’t need one and then about once a year they’ll write to you to confirm you still don’t need one + +Edit: someone mentioned you need a licence to “view or record” live tv which is true so adding in. Doesn’t matter that you watch it later when it’s no longer live. Pay per view too apparently + +Edit 2: few people have said it so adding in here... if you just watch something like Prime/YouTube, you DONT need a licence UNLESS you watch something that’s live streamed (eg a boxing match that’s happening now) on that platform - in this case, you would need one. It’s the live streaming that’s important, not the device or platform (except iPlayer, you always need one for that) + +Edit 2.1 couple of people have said this only applies to UK based live streamed content eg if you watch a live broadcast of a US based boxing match on Prime, you wouldn’t need to have a licence. I’m deffo not an expert and have no clue but adding anyway for clarity/ref. If this applies to you (I don’t watch sport), look into it yourself to be safe + +Edit 3: adding some more links for ref + +https://www.gov.uk/tv-licence + +Communications Act 2003 +https://www.legislation.gov.uk/ukpga/2003/21/part/4 +Hi guys + +I have around 250k saved up (inheritance + good saving habits). + +I remembered that when I first put the bulk of it into my HISA it was because they were offering around 2.5% interest rate - which is higher than the 1.8% indexation rate of HECS. + +Yesterday, I rechecked and the interest rate had fallen to 1.5% - this figure was before tax and lower than the HECS indexation rate. + +My question is - given this, should I just pay off my HECS debt (around 30k) all at once? I want to buy property if the price drops in the next 6-12 months but I still have more than enough for a mortgage (220k) afterwards. + +What do you think? +I'm fortunate enough that I was able to go to grad school and do an online program (through the same university as my undergrad) that's cheaper than in-person classes, so my tuition is less than the Federal loans I qualify for. I've had about $5k in credit card debt for the last 6 years, ever since an abusive ex forced me to take out credit cards to buy him things. I've never made enough money to recover from the financial abuse, so this boost from the loans was a godsend. Granted, it'll all need to be paid back eventually, but it's not an immediate concern anymore and my degree will more than double my current income, so I'll be able to pay it back. + +Obviously, most people aren't going to be able to trade 25% APR credit card debt for 5% APR student loans, and I don't mean to say that anyone can do what I did, but this is a huge weight off my shoulders and I needed to share it with people who will get it. Not only is my debt other than student loans gone, but I no longer have a daily reminder of my abuser when I check my bank app and I can finally start saving money to replace my car that is (quite literally) falling apart. + +Today is a good day. +Hello, + +Looking for some general advice regarding income protection insurance, and whether it's worthwhile having, considering a recent change in medical circumstances. + +A bit of background: + +30 (F), working full time on £27k p.a. +My share of monthly outgoings is approx £800 p.m. + +I've recently come out of hospital following a scan which found a mass on my brain. I don't have a formal diagnosis of what the mass is yet (I.e. tumor, sarcoidosis etc) however may find out more in a follow up scan and consult in 6-8 weeks' time. + +My current symptoms are mild and I'm able to function/work as normal at this time. I'm financially planning in case I should be out of work either for surgery or if my symptoms ever worsen to the point of being unemployable. + +I am a joint homeowner with a mortgage and one dependant. Approx 30 years remaining on the mortgage. I have life insurance (to cover the mortgage) and critical illness insurance in place. The critical illness cover only pays out for benign brain tumors and a handful of other conditions listed. + +We also have a 'family protection plan', which when we took this out sounded similar to income protection, where my.monthly salary will be paid. However, this only looks to pay if the policyholder dies within 12 months of having a terminal diagnosis. We are thinking of replacing this for income protection. + +My (and my husbands) employer(s) do not offer income protection as an employee benefit. + +So, considering the above: + +1) Would i need to disclose details of my recent scans with potential insurers (and also my current LI and CI insurers?) + +2) Would my recent scans implicate any income protection insurance policies? (I.e. be classed as pre-exisisting and not be cover?) + +3) Is it it likely that I would be able to get covered at all, or will my premium be scarily high? + +4) Should we get an IFA for the possibility of needed specialist insurance? + +Any advice will be greatly appreciated. Thanks! + + + +EDITED TO UPDATE: Thank you all for your advice and insights from their own experiences. Also thanks to all those who commented their kind words. Had a lot more feedback than anticipated! + +We will be waiting for a diagnosis and going from there, as most have suggested. + +I have reviewed our current policies today, and it seems that the critical illness insurance will potentially provide some level of cover depending on the diagnosis. 4 conditions that were mentioned as potential causes during my hospital stay are listed on the CI terms and conditions, so we may have to rely on this if anything comes of this next scan/consult. + +For those who have mentioned employment - I've only been in my current job for 6 months, so will be in talks with management and HR over the next week to see where I stand. +I find asking people with more life experience so valuable. + +New to Reddit sorry if this question has been asked elsewhere. + +Also as well as things you wish you had done, that you didn't.... I guess another good angle is what did you put too much worry/attention into that you wish you spent better or alternatively? + +Edit: thanks for all the advice! So many great gems in this thread. + And just to clarify: My particular case is not a typical "I went to uni and lived it up and now i have students debt and struggling in 'real' world" I went to trades after a year of hating 6th form. + +But tbf this post is more than relevant to just me I bet there's sooo many uni graduates or potential uni goers weighing up the possibilities of uni Vs work so your comments are appreciated nonetheless. +# The Definition Of Market Manipulation + +>"Market manipulation is the act of artificially inflating or deflating the price of a security or otherwise influencing the behavior of the market for personal gain." - Investopedia + +According to most retail investors this means that market manipulation is when an entity with a huge portfolio that buys or sells a large amount of stock can cause large price movements. This is one type of market manipulation, but not what I want to talk about today. + +&#x200B; + +# How in 1930 Wyckoff Described What's Happening Today + +[Richard D. Wyckoff](https://preview.redd.it/r0dndnl3zk671.jpg?width=324&format=pjpg&auto=webp&s=66b39741d9950f15d90c73b5b49e384104492e03) + +**Who Is Wyckoff?** + +>*Richard Demille Wyckoff (1873–1934) was an early 20th-century pioneer in the technical approach to studying the stock market. He is considered one of the five “titans” of technical analysis, along with Dow, Gann, Elliott and Merrill. At age 15, he took a job as a stock runner for a New York brokerage. Afterwards, while still in his 20s, he became the head of his own firm. He also founded and, for nearly two decades wrote, and edited The Magazine of Wall Street, which, at one point, had more than 200,000 subscribers. Wyckoff was an avid student of the markets, as well as an active tape reader and trader. He observed the market activities and campaigns of the legendary stock operators of his time, including JP Morgan and Jesse Livermore. From his observations and interviews with those big-time traders, Wyckoff codified the best practices of Livermore and others into laws, principles and techniques of trading methodology, money management and mental discipline.* + +**Why I'm Including it in This Post?** + +>*From his position, Mr. Wyckoff observed numerous retail investors being repeatedly fleeced. Consequently, he dedicated himself to instructing the public about “the real rules of the game” as played by the large interests, or “smart money.” In the 1930s, he founded a school which would later become the Stock Market Institute. The school's central offering was a course that integrated the concepts that Wyckoff had learned about how to identify large operators' accumulation and distribution of stock with how to take positions in harmony with these big players. His time-tested insights are as valid today as they were when first articulated.* + +Basically in 1930 near his death he started writing books about what he learned during his life to make retail investors understand the market better, illustrating all his knowledge in a reddit post is impossible and today I want to focus only on market manipulation. + +# Who Is The "Composite Man" + +>*“…all the fluctuations in the market and in all the various stocks should be studied as if they were the result of one man’s operations. Let us call him the Composite Man, who, in theory, sits behind the scenes and manipulates the stocks to your disadvantage if you do not understand the game as he plays it; and to your great profit if you do understand it.”* (*The Richard D. Wyckoff Course in Stock Market Science and Technique*, section 9, p. 1-2) + +Based on his years of observations of the market activities of large operators, Wyckoff taught that: + +1. The Composite Man carefully plans, executes and concludes his campaigns. +2. The Composite Man attracts the public to buy a stock in which he has already accumulated a sizeable line of shares by making many transactions involving a large number of shares, in effect advertising his stock by creating the appearance of a “broad market.” +3. One must study individual stock charts with the purpose of judging the behavior of the stock and the motives of those large operators who dominate it. +4. With study and practice, one can acquire the ability to interpret the motives behind the action that a chart portrays. Wyckoff and his associates believed that if one could understand the market behavior of the Composite Man, one could identify many trading and investment opportunities early enough to profit from them. + +# The Importance Of Liquidity + +Let's say a stock is sitting at $20 but a "Pro" thinks it could make it to be worth $40, large investors may not accumulate a high number of shares at one time as this would cause a sudden change in the stock price. Instead they will take advantage of weak market sessions to slowly accumulate their target number of shares. + +Once they have accumulated their target number of shares and want to sell for the same reason as before, they can't unload everything at once or they would affect the market again. + +But how can they unload their shares at maximum profit? Through manipulation. They can do it by making that shady little company look like it will become the next Apple, and they manipulate the newspapers to do it. + +[FOMO](https://preview.redd.it/4ikowb6j5l671.jpg?width=1024&format=pjpg&auto=webp&s=949686266619575afa3c565a32df772ddf11aa1b) + +They create FOMO (Fear Of Missing Out) in small retail investors, and that brings a lot of volume on that stock. If you thought the goal of the market makers was to inflate the stock price through this type of manipulation, you're wrong. + +Consider an institutional investor who bought 5,000,000 shares of a company at $1 that now sits at $3, has a lot more information about that company than you do, and knows that company is bad and likely to release bad news in a few weeks. Everyone knows that in order to sell something you need a buyer willing to pay the price you're offering, so how can he dump 5,000,000 shares of stock unnoticed in a few weeks and get away with it? He's going to start making people think that this company has something very big coming up, that he's going to make a 500% move and you're going to miss out. People start "FOMOing" and bring huge volume to that stock, with more people willing to buy he can sell all his shares faster and get out of that stock as quickly as possible. He doesn't care if the stock makes a 100% move in the meantime because of this sudden interest, he only cares about getting out. And guess what, later on, when the bad news is released, the market maker will be the winner while a lot of retail investors have been burned. + +&#x200B; + +>“You have often noticed that a stock will sell at the highest price for many months on the very day when a stock dividend, or some very bullish news, appears in print. **This is not mere accident.** +> +>**The whole move is manufactured.** Its purpose is to make money for inside interests — those who are operating in the stock in a large way. And this can only be done by fooling the public, or by inducing the public to fool themselves.” + +This was written in 1930! 90 Years ago! Buy the rumour sell the news. + +# Market Manipulation 5.0 And How You Are Helping To Make It Happen + +After what happened with meme stocks in the last month a lot of people started looking to invest, without any knowledge and trusting the advice of people on reddit and other social media many found themselves losing a lot of money on some stocks that look very good. + +&#x200B; + +What is happening now is that some big institutions probably pay influencers and use bots to make some companies look much better than they really are. The problem is that many people trust other DDs (Due Diligence) too much and end up thinking that a stock is really good and they buy some stocks. What's worse is that a lot of times people who have invested in some companies end up becoming like extremists and start "propagandizing" when they see that they are losing money. + +&#x200B; + +Basically what is happening is that I (and probably you too) am noticing a lot of people or groups who buy for example a stock at $10 because it is full of potential (pumped by a market maker) and when they find themselves owning it with a 30% loss they start trying to convince people that it will soon go up. This is ethically wrong and to avoid getting caught in this you should ALWAYS do your research. If you don't know how to research ask the person who posted the sources. + +# How Can You Stop Losing Money On Bad Stocks + +* Don't trust anyone, do your own research +* Ask for sources from those who publish DDs +* Stay away from stocks that come from scam countries +* If you see a lot of people saying a stock is going to go up stay away +* Don't buy a stock that people say will CERTAINLY have good news coming (example: "stock X will get FDA approval next week" usually won't and will fall into oblivion) +* If you're losing on a stock, stop saying on social media that it will surely rebound +* If you buy a stock you MUST stay current on it, you can't just buy and forget about it +* If a stock has a news related to a sector unrelated to it stay away (for example a tourism stock says it will do something in the hot sector of the moment, this is usually done to temporarily pump up the stock) +* SELL THE NEWS + +# Conclusion + +English is not my first language, I hope I have expressed myself correctly. I used information from StockCharts and Financial Post. I know this is a different post than the average one here, so I hope you enjoyed it! If you have any questions write them in the comments or send me a DM! You can follow me here on Reddit to stay updated on my posts! +&#x200B; + +Tesla Inc. Chief Executive Officer Elon Musk sent an email late Tuesday to “Everybody” at his electric-car company, “Everyone at Tesla is required to spend a minimum of 40 hours in the office per week,” Musk wrote in an email titled “To be super clear.”...Musk went on to write, “Moreover, the office must be where your actual colleagues are located, not some remote pseudo office. **If you don’t show up, we will assume you have resigned**." .....“The more senior you are, the more visible must be your presence,” .... “That is why I lived in the factory so much -- so that those on the line could see me working alongside them. If I had not done that, Tesla would long ago have gone bankrupt.” + +In recent weeks, Musk has praised Tesla China employees in Shanghai for “burning the 3 am oil” while saying that Americans are “trying to avoid going to work at all.”  + +[(see article for details)](https://www.bnnbloomberg.ca/musk-s-ultimatum-to-tesla-execs-return-to-the-office-or-get-out-1.1773091) + +&#x200B; + +&#x200B; + +\*\* Here is a [link](https://twitter.com/elonmusk/status/1531867103854317568?) to Elon Musks tweet where he defended his email by saying; "they should pretend to work somewhere else" \*\* + +&#x200B; + +Here is the full email as transcribed by [CNBC](https://www.cnbc.com/2022/06/01/elon-musk-reportedly-tells-tesla-workers-to-be-in-office-full-time-or-resign.html) ; + +\--------------------------------------------------------------------------------------------- + +*From: Elon Musk* + +*To: “Everybody”* + +*Tue. 5/31/2022 \[time stamp redacted\]* + +*Subj: To be super clear* + +&#x200B; + +*Everyone at Tesla is required to spend a minimum of forty hours in the office per week. Moreover, the office must be where your actual colleagues are located, not some remote pseudo-office.* + +*If you don’t show up, we will assume you have resigned.* + +*The more senior you are, the more visible must be your presence. That is why I lived in the factory so much- so that those on the line could see me working alongside them. If I had not done that, Tesla would long ago have gone bankrupt.* + +*There are of course companies that don’t require this, but when was the last time they shipped a great new product? It’s been a while.* + +*Tesla has and will create and actually manufacture the most exciting and meaningful products of any company on Earth. This will not happen by phoning it in.* + +*Thanks,* + +*Elon* + +\-------------------------------------------------------------------------------------------------- + +&#x200B; +Hi I bought my first house almost two years ago now and I am planning on renting it out soon. I live in a small city of around 5,000 people, and my fear of the future is questioning what would happen if I couldn’t find tenants to rent the house to. I’d be using a property management company which I know would make it much easier to acquire tenants, but what if on the off chance I wasn’t able to find any for a while and the property become vacant? It would become a money hole and I’m trying to prevent that and also curious if anyone has had problems finding tenants for rentals or if it’s a pretty easy thing since it’s in high demand. + +Side note - is there any good websites for figuring out previous rentals that are now occupied to see how the rental situation is in the area I live in and how fast houses get rented? Thanks! + +Update: thanks for all the responses so far guys! It’s been quite a selection but I really appreciate the ones giving genuine advice like how lowering price helps, the state of rental markets and how to find quality tenants. To the ones saying “you should’ve had all this stuff figured out before” on a property that originally wasn’t meant to be a rental I hope you guys find better things to do with your time! Thanks again to all the helpful responses though!! +Why doesn't it feel as "good"? It's the fastest rise to the next 1k (though obviously with each passing 1k, it gets easier/faster to get there). Where do we go from here? 22k, 25k, or 18k, 15k? +If you're a verified user on this sub, it means you have a fat stash. There are lots of wealth management philosophies about how to retain/grow that stash, using things like total market index funds, bonds, diversified real estate holdings, and so forth. But, what about risk? That is, true risk-taking with your capital. And I'm not talking about trading single stocks in the public markets or backing a crypto coin or sports gambling. I'm talking about using some portion of your cash for angel investments in small companies. Or, becoming an LP to a small venture fund. Or, self-financing your own next venture. And so forth. That is, putting your capital to work -- directly. + +It occurred to me after I hit my fatFI number that when you move from wealth creator to wealth manager, you also tend to move from a dynamic risk-and-reward outlook to a conservative retain-and-grow outlook. It's challenging to think about allocating capital toward risk, as there are only so many NW % slices to go around while retaining the conservative investment portfolio needed for a fatFIRE engine. + +So, are any of you taking any risks with your wealth? If you're pursuing risky ventures, are you doing it for philosophical reasons (pay it forward, economic dynamism) or pragmatic reasons (financial upside, boredom prevention)? And if so, what % of your net worth are you putting toward these gambits, and what kinds of gambits are they? Finally, are you considering them to have $0 value until a liquidity event materializes, treating them as a "bonus", or are they actually a core part of your wealth management approach? I'd love especially to hear from verified folks. +Hello people of Reddit! + +Are you tired of scrolling through Reddit, trying to find a coin you believe in which is worth investing into ? Do you wish you were early on one of the major cryptos? Do you want a project with an amazing community? + +&#x200B; + +A global pandemic has ravaged many and the world is crying out for a hero. + +&#x200B; + +SUPERDOGE is here to save the day! 🐶🚀 + +&#x200B; + +&#x200B; + +&#x200B; + +This is the perfect time to buy in! + +&#x200B; + +&#x200B; + +&#x200B; + +Over 150k + ALREADY donated to charities. (proof below) + +&#x200B; + +&#x200B; + +&#x200B; + +$SUPDOG is a deflationary meme coin that has a 6% tax rate on every transaction. + +&#x200B; + +2% is permanently burned from the total supply. + +&#x200B; + +2% is distributed to holders. + +&#x200B; + +2% is sent directly to charity wallet via smart contract with 0 % chance of fraud. + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +Team tokens are locked via DxSale. Liquidity is locked for 100 years. + +&#x200B; + +Partnership with Transform Group announced; Transform Group is the leading PR team in the crypto industry which has worked with many of the major cryptos, including Ethereum + +&#x200B; + +Already on Trust Wallet. CG and CMC applied for and expected VERY soon. + +&#x200B; + +Make sure to check out our super website: [https://superdoge.io](https://superdoge.io) + +&#x200B; + +Our telegram: https:// [t.me/SUPERDOGEio](https://t.me/SUPERDOGEio) + +&#x200B; + +Our Twitter : [https://twitter.com/SUPERDOGEio](https://twitter.com/SUPERDOGEio) + +&#x200B; + +The BSCscan: [https://bscscan.com/token/0x622a1297057ea233287ce77bdbf2ab4e63609f23](https://bscscan.com/token/0x622a1297057ea233287ce77bdbf2ab4e63609f23) + +&#x200B; + +The chart: [https://charts.bogged.finance/?token=0x622A1297057ea233287ce77bdBF2AB4E63609F23](https://charts.bogged.finance/?token=0x622A1297057ea233287ce77bdBF2AB4E63609F23) + +&#x200B; + +&#x200B; + +&#x200B; + +Fast briefing list of things coming up; + +&#x200B; + +1 .16kusd on certrik audit + +&#x200B; + +2. Listing - whitebit, bitmart + +&#x200B; + +3. CMC/CG applied already Monday hoping for listed. + +&#x200B; + +4. NFT airdrop for top holders + +&#x200B; + +5. Charity work on every 3 months + +&#x200B; + +6. Development of comic book and animated series,, also airdrop on top holders + +&#x200B; + +7. CEX listing - potential hotbit or kucoin + +&#x200B; + +8. Start their own charity foundation. + +&#x200B; + +&#x200B; + +&#x200B; + +Episode 1 of the SuperDoge AMA is now live on Youtube. + +&#x200B; + +[https://youtu.be/5uJeYRDRksc](https://youtu.be/5uJeYRDRksc) + +&#x200B; + +Episode 2 of the SuperDoge AMA is expected this week. + +&#x200B; + +&#x200B; + +&#x200B; + +As of right now in this very moment, $150,000 + USD has already been generated to our wonderful charities! + +&#x200B; + +Here are the charity wallets that are each receiving 1/3 of the 2% tax rate which is donated to charity. + +&#x200B; + +This is hardcoded into the smart contract and not able to be tampered with. + +&#x200B; + +[https://wellsbringhope.org/](https://wellsbringhope.org/) + +&#x200B; + +0x2A8500831745891D2aC01403Da08883be4D58b72 + +&#x200B; + +[https://www.childenrichment.org/](https://www.childenrichment.org/) + +&#x200B; + +0x7Dd4eAE167bc55F9EA5df729936Dcc69af0B54B5 + +&#x200B; + +[https://www.clarematrix.org/](https://www.clarematrix.org/) + +&#x200B; + +0xdDE25A762653baf7D53725010ab3901E6E527523 + +&#x200B; + +&#x200B; + +&#x200B; + +Twitter response from Child Enrichment Inc [https://twitter.com/CEI\_AugustaGA/status/1385624911167823872](https://twitter.com/CEI_AugustaGA/status/1385624911167823872) +The kraken exchange is basically next to unusable. Posting a trading order is a nightmare. It worked for me after about 20 tries. +What's worst is that my withdrawals are now impossible. My tier 3 level is now not enough to withdraw EUR. + +I'm posting this here because I'm hoping for a response from the people at the exchange. +Median household income is £30k (source ONS, 2021). +[ONS](https://www.ons.gov.uk/peoplepopulationandcommunity/personalandhouseholdfinances/incomeandwealth/bulletins/householddisposableincomeandinequality/financialyear2020) + +Average UK house price: £256k (source [UK Gov data](https://www.gov.uk/government/news/uk-house-price-index-for-march-2021)) + +That implies a housing multiple of 8.5x gross income. + +Assuming the average household has 20% equity (I think I’m being generous here), then that means c. £200k in mortgage debt = 6.6x multiple. + +I remember hearing as a teenager (I’m 37 now) that banks would only lend 3x earnings. Surely a 6.6x multiple indicates that house prices are over stretched? + +At a 4x mortgage-to-income multiple, the average house price should only be £120,000 (53% drop!) + +A few Qs I’d love thoughts on: + +1. Am I simply way off base in my thinking with what a “normal” lending multiple should be? (I couldn’t find historical data going back decades for a baseline). + +2. Even if my thinking is correct - are house prices likely to even fall? After all, would the govt be likely step in? + +3. Putting aside theory…how do people make ends meet with such steep debt profiles? + +4. Are these home prices forcing an entire generation into a debt-trap &amp; contributing to the twin-effect of lower standards of living (eg as people are forced into ever smaller housing due to exorbitant prices) + increased wealth inequality in the UK? + +5. New thought: Forget affordability…if one were to look at re-build costs, there’s no way an average home including cost of land could be built for £120k today and therefore, higher home prices are intrinsically justified. People (including myself) simply have to accept the new-normal and stop being nerds? +32/ Married/ No kids. + +Current net worth is about $4.5 million. About $2.3m equity for owning two houses in HCOL (one fully paid off, the other one still has mortgage ). Live in one of them and rent the other one out -monthly rent/inflow is 6000. $1.6m investments and $600K in 401K and Roth IRA. Our household annual income is \~$800K and we have been saving 80% of our income over the past few years and put that into different investments. So our AUM will likely be above $5m by the end of this year. + +Planning to have kids soon so likely spending will be much higher. Also doing some research to start a company to do some side hustles which could hopefully help reduce taxes legally. + +My current spending is about $6000-7000 per month ($3500 mortgage, $300 in utilities/phone/internet, $1000 groceries, 300-400 $restaurants and $800-1500 in others) + +Usually what's the trigger point for you to think you are ready to fatFIRE? Any advice to me? Am I too concentrated in Real Estate? +I'm sure this will sound pedantic but with all the excitement lately, I'm seeing a lot of post from people in their 20's and even teens talking about investing large sums in crypto. Please keep in mind that this is high risk. + +That's not to say you shouldn't take some of your hard earned money, do your research and get involved. This community is amazing, dynamic and there's a ton of potential to make great returns. However, high risk investment should never be your whole portfolio. It should be the smallest part. + +Make sure that you're setting aside money in a Roth IRA, contributing to your 401k, Vanguard funds, etc. The boring stuff. The stuff that grows slowly over a lifetime. Don't just diversify your coins, diversify your whole portfolio. It's something I certainly wish I'd tackled at a much younger age. Believe me, you'll thank me later. +TL;DR: I sold my shit, moved around the world, discovered a passion for learning languages, last week decided I would move to Czech Republic to learn Czech. I truly feel like I’m living my dream! + +[Original post here.](https://reddit.com/r/financialindependence/comments/8f0mli/what_would_you_do_if_you_were_30_years_old_and/) + +Years ago I was sitting in my condo in California contemplating a big move of some kind (likely trying the nomad life) after growing restless for some years in my freelance job. As a summary of the previous post, I was making 200-400k, had a NW of 2.5M+ and was burnt out. A fairly familiar story I have seen here over the last few years as the posts like that tend to get pushed to the top. I only worked 6-7 months sporadically throughout the year so, looking back, I was more bored than burnt out. But with projects coming up at a moments notice, I could never sink my teeth into a community, hobby, group class etc as I would have to fly somewhere else to film. + +For those curious, my job is/was in the film industry. I direct commercials for a living. Though in the last 3-4 years I’ve only done two projects compared to maybe a dozen per year. + +So? What did I do? I sold my condo, and sold all my stuff, decided I would take a year off, told my bosses and bounced. Literally just left and went traveling. I never did it in my adult life, though I moved a ton growing up. It started with a trip to Japan with a buddy, then I kept going to Taiwan, Thailand (where I set down a base), Cambodia, Vietnam, Lao, Malaysia, Indonesia & China. + +I rented a place in Bangkok for a year and used that as a base for travel and as well I enrolled in Thai Language school 3 hours a day 5 days a week for 9 months (giving me 3 months of down time to see the above places). + +While I was in school I discovered I have a knack for learning new languages (I can now speak, read, write a very difficult language for native English speakers) and decided I want to have this same experience again many times. + +Last year, after a fun shoot in Mexico City (trying to get back to work), I got “stuck” down there while still homeless when covid hit and I decided to stay in a smaller city 3 hours outside on the recommendation of a very awesome and interesting gal I met on this very forum. It was an awesome year and an amazing place to live and actually miss it quite a lot. + +This year I was experimenting with living back in the states for a bit, but felt restless again and wanted to try out this new “passion” for learning cultures and languages now that countries started re-opening. So, last week I decided to move to Prague and today, I’m sitting at a café on Sázaská street, sipping coffee and eating breakfast as I type this. I just enrolled in another intensive language program 3 hours per day, 5 days per week for another language that will bend my mind and likely frustrate me. But I’ve found that accomplishing hard things, to the advice of someone in my original post, truly does make me happy. Wish me luck getting through this winter! + +It’s not always roses of course. Moving around all the time, you do suffer from continual community loss. Making and losing friends is hard. Goodbyes always feel the same. Never easy. But, I really did grow up this way. My dad’s job took us all around and I have learned that, while it’s hard to say bye, I have experienced immense growth every time I move. It’s almost like every time I have to start over, I learn something new about myself. Maybe, some day, the idea of settling down in one spot will sound sweeter than experiencing new lives but until then I will keep doing this. Next up are: Japan, Taiwan or Korea in no particular order. They sound like a challenge and particularly Mandarin feels like it will be useful. + +As for work, I’ve told my company I’m available for work again, and truly if the project interests me, I will take it. But, after being away so long, I sense they feel I’m not a great long term investment and I honestly can’t argue with them. I still want creativity in my life and I will find a way to foster this again when the motivation for making comes back. I’m excited for that. + +Anyway, that was already longer than I wanted it to be so I’ll end it here. I just wanted to share a positive “post-FI” story and hope it helps you make some decisions of your own. +First things first, for the greater part of my life I lived in a middle class neighbourhood and have never had more than one thousand dollars in my bank account. My grandfather passed away a few months ago and to my surprise I was left with roughly 2.5 million dollars. The greater part of the money is in stocks being managed by a broker in Chicago, but I have no idea if this is a good thing. + +I met with him once shortly after my grandfather passed away and he seemed like he knew what he was doing; but should I be managing the money myself? - even if everything is fine with the money being managed by the man in Chicago, I would like to be informed about the terms and how my money is being used. + +Also, on a side note, even though I have all this money, I am always finding myself afraid to spend it. I know I shouldn't go around buying houses, cars, and boats; but I am unwilling to treat myself to a video game every once in a while and am always stingy when it comes to buying food. Should I feel more inclined to treat myself every once in a while or should I keep my stingy habits in tact? + +These all seem like meaningless questions but I am startled seeing all this money and I am in constant fear of seeing it disappear. I will be grateful for any and all advice, thank you in advance. +IF THERES ONE THING THE ELITES & MAINSTREAM ARE GOOD AT, it's PSYOPS. THEY WANT MAX ANGER EMOTIONS WITH RETAIL, BETS REDDIT & MAX FEAR FOR ANYONE WHO'S HOLDING A 'MEMESTOCK.' GAMESTOP IS NOT A MEME, GME IS A COMPANY WITH 1BN CASH ON HAND & A COMPANY STRIPPED OF ITS BOSTON CRIMINAL GROUP LURKERS. + +&#x200B; + +>"**Psychological operations** (**PSYOP**) are operations to convey selected information and indicators to audiences to influence their emotions, motives, and objective reasoning, and ultimately the behavior of governments, organizations, groups, and individuals. +> +>The purpose of [United States](https://en.wikipedia.org/wiki/United_States) [psychological operations](https://en.wikipedia.org/wiki/Psychological_operations) is to induce or reinforce behavior perceived to be favorable to U.S. objectives. They are an important part of the range of diplomatic, informational, military and economic activities available to the U.S. They can be utilized during both peacetime and conflict. There are three main types: strategic, operational and tactical. **Strategic** PSYOP include informational activities conducted by the U.S. government agencies outside of the military arena, though many utilize Department of Defense (DOD) assets. **Operational** PSYOP are conducted across the range of military operations, including during peacetime, in a defined operational area to promote the effectiveness of the joint force commander's (JFC) campaigns and strategies. **Tactical** PSYOP are conducted in the area assigned to a tactical commander across the range of military operations to support the tactical mission against opposing forces. +> +>PSYOP can encourage popular discontent with the opposition's leadership and by combining persuasion with a credible threat, degrade an adversary's ability to conduct or sustain military operations. They can also disrupt, confuse, and protract the adversary's decision-making process, undermining command and control.[\[1\]](https://en.wikipedia.org/wiki/Psychological_operations_(United_States)#cite_note-1) When properly employed, PSYOP have the potential to save the lives of friendly or enemy forces by reducing the adversary's will to fight. By lowering the adversary's morale and then its efficiency, PSYOP can also discourage aggressive actions by creating disaffection within their ranks, ultimately leading to surrender." + +HOLD THE LINE. DON'T FALL FOR THE MEDIA. DON'T FALL FOR SHIT. I SOLD SOME OF MY BBBY AT A PEAK TO ADD MORE GME. REMEMBER THE BIGGER PLAN. BBBY IS A SMALL COMPANY BY MARKET CAP. GME IS A 10X THE SIZE COMPANY. COHEN IS PLAYING CHESS. IN TIMED CHESS, THE OPPONENTS HAVE A TIME LIMIT TO MOVE BEFORE LOSING. COHEN IS STEPS AHEAD, CLEARLY. SOMETIMES YOU SEE THE MOVES WHILE YOUR OPPONENTS LOOK FOR THEIR MOVE, THEY BURN THE CLOCK & YOU MAKE A MOVE IN SECONDS. + +GME IS STILL UP WAY MORE THAN ITS PRE-SQUEEZE PRICE. ZOOM OUT. IF ANYTHING, NEXT WEEK IS PEAK SPICE. CRYPTO NUKES TODAY WHILE MEME STOCKS HIT THE NEWS, SOME 'KID' MAKES 100+M & THE LLC IS FAKE? GET OFF REDDIT & ENJOY LIFE THIS WEEKEND. + +DRS ALL TIME HIGH. NAKED SHORTS ATH. MOASS NEXT WEEK. +This has been bothering me for a while now partly because I unknowingly helped create the problem that we see in the housing market today packaging and selling large numbers of houses to institutional investors . The lack of supply is largely due to the fact residential single family housing has become an institutional asset class over the last decade. We now have large homebuilders switching business models and building to rent, rather than to sell. [This article talks about it.](https://www.builderonline.com/land/development/the-single-family-build-to-rent-markets-rise-to-fame_o) in a builder trade magazine and here is a [WSJ article](https://www.wsj.com/articles/if-you-sell-a-house-these-days-the-buyer-might-be-a-pension-fund-11617544801). + +This is going to have long lasting negative ramifications as we are seeing the largest asset most Americans will own in their lives being transferred to these funds. As a result, we are seeing rental prices as well as home sales prices sky rocket. Some has to do with Covid and prices will surely come down some, but long term this is going to have negative effects on all of us if these funds keep buying up entire subdivisions of brand new homes with regular homeowners having to compete against institutional cash. I can tell you first hand Blackstone was overpaying for properties back in 2012-2014 to the point where other investors could not even compete. It seems this is where we now and it's not going to be a good situation for smaller investors or homeowners if this continues. + +I have considered only selling to direct homeowners and even putting in a deed restriction (which I know isn't the smartest thing to do investment-wise). Curious to hear how others feel in the industry? +It's been bugging me, hitting a spot in my brain where patterns that don't fit pop out and seem to wiggle a little - why is RC so focused on Bed, Bath and Beyond as a stock? + +There are other tickers in the market that are being targeted by SHF and aimed at cellarboxing, for sure, so what's different about BBBY? + +I dug into it and BBBY is somewhat unique in one aspect - it doesn't use Computershare as a stock registrar, it uses AST (American Stock Transfer, historically, but now branded as AST financial). AST financial is privately held and a rapid adopter of technology, as noted here: [https://www.astfinancial.com/about-us](https://www.astfinancial.com/about-us) + +So, who own's AST? It's owned by Equiniti, a PE-backed firm that was a rollup of firms by Siris Capital back in 2020. PE firms invest in rollups when they think they can either create innovation between the companies or that the companies are likely to create a sum greater than the parts by coming together, then selling the entity. I can see they are investing in several elements that would be critical to a functioning marketplace for a tokenized stock platform - private company issue management (2018), Proxy automation for shareholder votes (2019) and Astrella, a stock platform for private companies. + +What they are missing is a marketplace with transparent bid/ask pricing and ownership transfer management in that marketplace. That's what it looks like Loopring and GME are building based on the Github code. + +So, my speculative brain fits the pieces together like this: + +1. GMErica, Inc. acquires Equiniti to own the share registry platform and the private company platform +2. BBBY, as one of the only retailers issues by AST as a share registry, agrees to move shares to the NFT platform integrated in the GME nft marketplace +3. BBBY recalls shares as GME recalls shares to move to the new marketplace. This takes away the criticism of the nft marketplace not being a real market for stocks as it only has GME in the marketplace +4. BBBY squeezes like a mofo as does GME, causing other firms to want to move to nft stock trading + +I think it's essential that the stock marketplace cannot be the home to just one company and I think BBBY is a candidate and as a result, either GME is going to buy Equiniti in a private transaction or Siris Capital is about to own one of the most valuable platforms in history. + +TL;DR BBBY isn't a distraction for GME, it's the first company other than GME to tokenize shares to blockchain in the nft marketplace. +I'm about to burn my account.... + +But I've learned some things.... NEVER trust on random signals, even if they are payed... when I asked him what to do, he only told to hold and wait, now I know how GME holders feel ... + +&#x200B; + +Any suggestions? + +https://preview.redd.it/er29gkxx93h61.png?width=1362&format=png&auto=webp&s=93291e48c4134b539eeb5b86718a396210941aff + +https://preview.redd.it/2sa5vuqya3h61.png?width=1353&format=png&auto=webp&s=87eaf87434236427aa386c2c06d3222f83a41db3 + +\#HoldUntilDeath +Going through a low strike rate since two weeks and now I'm down 5% on my live account. I use break and retest on the M5 with HTF confluence risking 1% per trade to make 2%. Any suggestions for recovery would be appreciated! +My full correspondence with Bloomberg posted below in reverse chronological order (Bloomberg responses highlighted in yellow). + +**TL;DR** "The ownership of the GameStop options by those Brazilian funds was a bug and has been addressed." - Grant, Portfolios Data Team in Bloomberg + +I can reopen the Bloomberg ticket, so lmk if you have suggestions. Please read through the correspondence if you are going to propose follow-up questions to Bloomberg. + +https://preview.redd.it/0c5f8titpdf71.jpg?width=1700&format=pjpg&auto=webp&s=e777617f350be90fb89c4a04751669d4394520be + +https://preview.redd.it/tyhgo1rupdf71.jpg?width=1700&format=pjpg&auto=webp&s=1d8d29b4931c5c596d328ed4ac5262af648ec84e + +https://preview.redd.it/idgckyawpdf71.jpg?width=1700&format=pjpg&auto=webp&s=3757aa504747872c77ee34a87229c438b18bab2c + +EDIT: Redacted Bloomberg Ticket # +Yesterday’s “trust me bro” post had this in it, and I’ve also seen it pop up in 2 different comments of other posts today. + +There are millions of GME investors across the globe. Do you really think they can ignore the fact that every single share will be publicly and visibly accounted for, yet millions of shares still trade hands everyday?? + +This is FUD to instil the idea that DRSing the float won’t make any difference, and all the regulators will “just ignore it”. + +MOASS will more than likely happen long before the float is registered. But DRSing is the only action apes can take to protect their investment and make sure you get paid when the day comes. Do not fall for any of it, we are close 🚀🚀🚀🚀 +I've tried Alpaca and Interactive Brokers, and they're both unbelievably broken: endpoints that are not connected to anything, random outages lasting multiple hours, no API stability, etc. At one point the tech support for IKBR told me their (not-)JSON parser cannot handle single quotes (even though that's what all of their documentation examples tell you to use). + +Is there any trading and market data API out there that's run by competent people? I don't mind paying a subscription. + +EDIT: Some people are fixating on the fact that I described the web sockets interchange format as JSON, when it’s something else that just looks JSON-like. That’s a detail: the point is, if you follow the docs, the examples they give don’t work, the errors it returns aren’t documented, and tech support is like “yeah, the docs are wrong, LOL.” +My best friend and I have lived together for years and have gotten into the routine of rotating who gets the master bedroom every year when we switch apartments. We are currently in the process of buying a townhouse and initially decided on, instead of switching bedrooms every year, switching bedrooms every 2 years. Last night in conversation she brought up the thought of instead of switching bedrooms every X years (because it’s too much once you’ve already worked on getting your space set up the way you want it etc) the person who gets the master bedroom pays more. This felt tricky because we would have a mortgage and it wouldn’t really be 50/50 if one person is paying more than the other. We then thought about one person just paying a little more of a utility bill or something like that. Is that fair/how much extra should the master bedroom pay? + +EDIT: the townhouse is a 3 floor 3bed/3bath. Each bed/bath is on their own floor. We plan on eventually renting out the 3rd bedroom for a bit. + +EDIT: We have have the help of an attorney with signing a Tenants in Common Agreement. We made it a point that the only way to buy together would be to sign one. +Taxes suck, we all know that. + +Here is my pro tip for all of you. I made lots of trades, lots. Not only did I do that, I used mutiple exchanges and even more wallets. So my transaction count is quite high. + +Here is the real bear though. When you sit here and import everything into your coin tracker of choice (Koinly here), everything may not be there. I spent the last two days trying different platforms and importing API’s. Nothing seemed to work. + +Thankfully, I keep records of everything and was able link everything up manually over about six hours. Needless to say, dont be me. Being more of a minimalist when it comes to exchanges and wallets is by far the way to go. + +Lastly, Fuck Uncle Sam and capital gains… +NEW COIN + +ALPHACOIN community has officially announced that their first giveaway, at 600 holders will be $500 to one lucky Alpha🦍 + +🔥 Conmunity is on FIRE 🔥 + +$ALPHACOIN community is burning 🔥 everything in its way and making a difference in peoples lives. Young and older, toddlers and elderly, men and women, and every living human whether they are a part of the community or not! + +Dev and team DOXX at 10000 holders! + +WE ARE A 100% DRIVEN COMMUNITY ALPHA ONLY COIN!! + +WE LEAVE THE BETAS TO FOMO INTO THEIR SCAM COINS. + +&#x200B; + +Today marks the first NFT auction in the history of ALPHACOIN. Money is being raised for marketing around the clock. If you miss us now, you will hear about us in the press soon 🚀 + +Diamond hands, and a team that is working around the clock for global domination. + +Address: 0x5713e01698ab9b5668a6d455e07c1852c2524220 + +Token Features: 10% taxFee 5% for directly add to the LP 5% for directly add to all diamond hands HOLDERS + +🔥 LP Lock: [https://deeplock.io/lock/0xA78B2ab9B3ddd5A035ec1723e7E7871BeD901810](https://deeplock.io/lock/0xA78B2ab9B3ddd5A035ec1723e7E7871BeD901810) + + 🧳 NO DEV WALLET + +&#x200B; + +Ownership = Reounced + +Check from [RugScreen.com](https://RugScreen.com) = safe! Can check by yourself. + +80% initial burn + +🔢 Supply = 1,000,000,000,000,000 BUY | HOLD | GAIN + +Remember to set slippage to at least >10%< + +&#x200B; + +It also has an active Telegram community! + +Website 💎 : [www.alphacoinco.com](https://www.alphacoinco.com) + +📩 Telegram : [https://t.me/alphacoincommunity](https://t.me/alphacoincommunity) +Mods, I believe this is related to market wide instabilities as we have been expecting for a while now, I will take it down if I have to. + +TL;DR Shorts hurting, boom soon + + So I continued monitoring the [NYSE Trading Halts page](https://www.nyse.com/trade-halt-current) as I do every day and saw some odd behavior today. There were 116 halts on 28 different tickers, both of these numbers are up from the 72 halts on 24 tickers yesterday, and the 75 halts on 20 tickers on Friday. All three of these days total halts are higher than 94% of all trading days since August of 2019 (Friday was higher than 95%, yesterday was higher than 94%, and today was higher than 97% in terms of total halts). Today was the first day with more than 100 LULD halts since Jan 28 of last year. + +A LULD halt occurs on a specific security when it moves outside of a band set at either +/-5%, +/- 10%, or +/- 20% from the previous 5 minutes of trading during regular market hours. The percentage generally depends on market cap of the company (higher market cap, lower percentage), and is doubled during the first and last 15 minutes of trading. As you can see on the chart below, the most halts in a single day since August of 2019 happened on 03/18/2020 during the height of the Covid Crash. The second highest peak was on 01/28/2021-01/29/2021 (the sneeze). The two tickers that had the most halts during the sneeze were GME and Headphone. + +&#x200B; + +https://preview.redd.it/xx3xwoc2ycf91.png?width=1556&format=png&auto=webp&s=e2c51ab9d0ca891c39c369acfba89df662525eee + + The three tickers with the most halts yesterday were HKD (AMTD Digital), LTRPB (Liberty Trip Advisors), and QRTEB (Qurate Retail) with 7, 23, and 13 halts respectively. I wrote off HKD as post listing volatility yesterday, but after reading comments about it for the last two days, I definitely think something fuky is happening just don't know what that is. LTRPB and QRTEB are more interesting since they both seem like possible targets for shorts, even though they didn't move with us last year. The ticker APGN also had 6 halts yesterday, but there is barely any information on them, and the are an Acquisition company I don't think there is really anything there. + +Today's high activity tickers were HKD, LTRPB, QRTEB, MHUA (Meihua International Medical Technologies), APDN (Applied DNA Sciences), and CZOO (Cazoo Group). These tickers had 20, 10, 5, 11, 38, and 5 halts respectively. MHUA and CZOO released earnings between yesterday and today, so the movement there is probably related to that, APDN announced some promising results related to monkeypox right before their movement today. + +I don't have any idea what is going on with HKD, but it definitely isn't shorts covering since they just IPOd a few weeks ago, something is definitely happening, possibly related to us, but LTRPB and QRTEB both seem like prime targets for shorts. + +HKD is the US listing for a Hong Kong based holding company. It IPOd on July 15 at $13/share. It closed yesterday at $742. It opened today at $930 (+25.3%), hit a high of $2555.30(+244.4%), and closed at $1679 (+126.3%). It hasn't moved much since close as of the time of writing (\~17:00 EST) + + Liberty Trip Advisors is a travel company as the name would imply, it closed Friday at a share price of 16.72, and hit a high yesterday of 82.98 (+396.29%), it closed at 48.03 (+187.26%). It opened today at $61.52 (+28.1%), hit a high of $93.67 (+95.0%), and closed at $58.97 (22.8%). It has fallen a bit since close. + + Qurate Retail runs several television shopping channels, it closed Friday at a share price of 4.32, and hit a high yesterday of 21.71 (+402.55%) it closed at 18.23 (+321.99%). It opened today at $16.02 (-12.1%), hit a high of $21.93 (+20.2%), and closed at $16.22 (-11.03%). It has fallen a bit since close. + +As you can see on the charts, both LTRPB and QRTEB were on downward trends for a while before both of them had sharp spikes in both price and volume on July 13. I cannot find any correlated news for either ticker that would explain this behavior, but both seem like prime targets for shorts and the spikes could be related to marge if this is true. + + Given the fact that I can't find any news that could explain the movement of these two stocks today, I suspect that a hedge fund had to close out their short positions on these two companies today in order to maintain their short positions on GME and possibly some of the other swap basket stocks. + +https://preview.redd.it/jq8ibqnx7df91.png?width=2553&format=png&auto=webp&s=c3f7c7e12bf24bd30e32e8a36ccdeb69e345ad76 + +https://preview.redd.it/0tt6crny7df91.png?width=2550&format=png&auto=webp&s=5fafaf144fd6f4309876eea021da6afa8ef16068 + +https://preview.redd.it/vtuwznc08df91.png?width=2550&format=png&auto=webp&s=9b338394381dbe0fa75daf08538770f8907c4386 + +https://preview.redd.it/24ippks18df91.png?width=2553&format=png&auto=webp&s=3bb8ab547427c2575d3737ddc28cb78c434cfb3c +Hi I’m just about to turn 20(f) and really want to get into stocks. I have almost £7,000 in savings and would like to invest maybe £4000 over 5 years but I have no idea where to start. Should I do 80% bonds 20% stocks? Also the market seems to be quite high right now so should I wait for it to crash before investing or is now a good time? +(Also this is probably the most basic question ever asked but what should I read/follow to know when the market has crashed?) +I bought some recently and topped up today too, analysts at work have said general concensus in city is this is a strong buy with target price of around £90. + +I bought at £55 and have topped up today as well. General idea is that I know the takeaway industry isn't really going anywhere whether we are in lockdown or not. JET has been hurt as Grubhub in US isn't doing too well but regardless I'm fairly sure this stock is undervalued. In general I prefer to buy active, mainly assets funds but occasionally dabble in penny stocks, personally feel JET is a good buy. + +Currently at £46, wanted to know what peoples thoughts were +Basically some bloke at work has put 5,000 into a dbswiss account? I just feel sceptical for him because in all honesty he has made profit but he's not physically withdrew any money as of yet. + +The second thing if it is legit and he's making money like that I want in. + +Update: I'm not really sure how this works but thank you all for your input, has been very insightful. +By now we have all seen the headline that Kenny boy is restricting his investors from withdrawing THEIR money from Citadel. I want to use this post to just point out how the timeline is IDENTICAL as 08. + +&#x200B; + +[Link in next paragraph](https://preview.redd.it/yjhrfmb95z381.jpg?width=686&format=pjpg&auto=webp&s=dc38b0fadef46886e0e45914165aef44133eb8a8) + +Here is a link to the article[Yahoo Finance Uk](https://uk.finance.yahoo.com/news/millennium-citadel-winning-war-keep-151620204.html) I had to use a VPN from the US to find it on Google. + +For those of you who don't know Kenny did the same thing in 2008 ([Business Insider article from 2008](https://www.businessinsider.com/2008/12/citadel-refuses-to-give-investors-their-remaining-cash-back)), but the dates all line up the same way. + +In 2008 Lehmann Brothers collapsed on September 15th. Ken restricted his investors withdrawing on December 8, 2008. The stock market was already in a tail spin at that point, but it would be pretty sad if the powers that be didn't get better at their fraudulent game since then. + +This year Evergrande Collapse hit the markets starting on September 17th, and Ken restricted withdrawals on December 6th. Just two days off from both dates on how it went down in 2008 + +I know apes are on this, and have probably realized this already, but this may be news to some. I believe the powers that be have kept this train on the tracks just long enough to cover their own asses where they failed to in 2008. + +On top of all of that today the Fed said they are eyeing a much quicker speed transition of tapering from June to March. The writing is on the wall and the things the powers that be learned from 08 to delay the crash is failing. [Marketwatch article about Fed](https://www.marketwatch.com/story/fed-is-widely-seen-backing-a-faster-taper-next-week-11638811353) In my opinion borrowing rates going up on an already insanely over-leveraged market is enough to cause a large enough pullback to benefit apes. + +We are close to the markets falling apes. DRS those shares so we can squeeze these bastards out of existence so this never happens again! +Old Lady Ape here, (may the reddit gods not take down this post) + +If you have read any of my other posts, you know that I have been working on ways to direct register my shares in order to remove my infinity pool shares (shares I won't sell during the MOASS) from the DTC. (Reddit doesn't like it when I add too many links in my post so I will include a link to the original infinity pool DD down below). Dr. T had mentioned this in her interview with Atobitt and has reiterated lately that FTDs are the problem. So I am taking a break from finalizing directions on removing shares (because I am getting the MOARA, mother of all run arounds) to talk about what might happen if people **independently decided** to remove their shares (that they don't want to sell in the MOASS) from circulation. + +To do this I went to look directly at a rule that is referenced by Queen Kong from the SEC. (DTC 2003-02, link below) From first glance it reminds me that the SEC doesn't ever make new rules, they just clarify them, but it is clear that this is in fact a new rule (in 2003) because there is mention of them accomodating companies in the past. + +This 2003 rule is essentially **forbidding company transfer agents (issuer of shares) from withdrawing their shares from the DTC. The DTC will only recall shares to the issuer if the owner of the shares request them from the DTC.** So this is why it has been so difficult to transfer shares out, because the SEC tied the hands of the issuer from helping with this process, other than providing information, in any tangible way. But what I really was interested in was the comments. Remember when all the apes commented on that oo5 rule, and they supplied the comments for us to read? Well they added the coments on this rule too and there is gold in them thar hills! + +[Looks like the winners lose on this one](https://preview.redd.it/659ijgxa6t971.jpg?width=558&format=pjpg&auto=webp&s=7e8f8990d7e2539ec47732179ef89b75efc0f814) + +Apparently the SEC doesn't care how many people don't like the rule. The SEC is gonna SEC. Then they start to summarize reasons these commenters wanted companies to be able to remove their shares from the DTC. + +[naked shorts hmm](https://preview.redd.it/vf9rt2yf6t971.jpg?width=632&format=pjpg&auto=webp&s=03126c131bdf5a7378d18a10104e6a2afafb179a) + +I read all of these for you, I know, I love you too. Let's look at some of them: + +[This is from 2003...](https://preview.redd.it/rdwpe36u6t971.jpg?width=572&format=pjpg&auto=webp&s=6c40f7b4194fa766f7d696cb62c658aaf934e0f4) + +Sounds familiar. And this + +[withdrawing shares from the DTC](https://preview.redd.it/0fl935fy6t971.png?width=525&format=png&auto=webp&s=22e1570cbaa7200f97c481eaaa7c3d6723094b62) + +This original ape is saying that withdrawing shares from the DTC protects investors from illegal short selling. and this one too, who also gives us a handy list of things that can happen to make shorts cover. Check out the last one. + +&#x200B; + +[Leonard \(Silverback\)](https://preview.redd.it/rnhtbpq27t971.jpg?width=587&format=pjpg&auto=webp&s=b717a7d0223a61d3c76a5bc9b1a9d111ae1bfd55) + +"None would consent to have their shares in DTC" Hmmm exiting shares from the DTC forces shorts to cover....But what about FTDs? + +[Blue Industries](https://preview.redd.it/8iykndz67t971.jpg?width=640&format=pjpg&auto=webp&s=99f970ad85d12daa620b5be7958ab9ff55049697) + +Sounds like Blue indutry is referencing FTD's and acknowledging that allowing companies to remove their shares from DTC would force delivery. I got to show you a few more, this one, where the ape never says he is for or against the rule but yet the SEC knows exactly which side he is on, probably from this spicy paragraph: + +[Jake \(not from Statefarm\)](https://preview.redd.it/7l2flgca7t971.jpg?width=392&format=pjpg&auto=webp&s=af672ebeb1f0fcb2d806d05b102870f7f35f5667) + +There were so many more but I don't want to tempt the Reddit gods with too many pictures. + +I also wanted to look at reasons against allowing removal of shares from the DTC to see if there were any valid reasons to not remove shares from the DTC. + +**Reasons against**: Would compromise speed and possibly security of the system with regards to paper certificates in particular. Most of the against comments were regarding paper certificates, which is fair but now we are able to DR in digital form so I consider the arguments against no longer valid. Not to mention fact that almost every comment against was from this list: + +* Merril Lynch +* RBC Dain Rauscher (a broker-dealer) +* Ameritrade +* Citibank +* Edward Jones +* Charles Schwab +* Sterne, Agee & Leach (broker-dealer) +* Mizuho Trust & Banking Co (USA) +* Prudential Securities Incorporated +* BNY Clearing Corp. +* First Clearing Corporation (FCC), subsidiary of Wachovia Corporation +* Bank of America +* Fidelity Investments +* Salomon Smith Barney (clearance and settlement) +* A.G. EDWARDS & SONS, INC. +* National Steering Committee of the Bank Depository User Group +* union planters trust and investment group +* National Investor Services Corp +* And this guy a wall street manipulater from way back! + +[Kenny G, is this you?...edit: it is not him, this was a joke](https://preview.redd.it/w7m009ue7t971.jpg?width=398&format=pjpg&auto=webp&s=90e047792dd2f099ce653ff8faca7d604b818574) + +I wonder what all of these companies (and that dude?) have in common? I'm guessing that they are the ones benefiting from being able to play fast and loose with delivery of actual stock. So could direct registration of infinity pool shares turn into a nuke for shorts? Looks like a yes to me. + +**TLDR: Naked shorts have been a problem for a long time. Until this rule passed in 2003, companies would remove their shares from the DTC to force naked shorts and FTDs into the open. Now individual investors have to personally request shares to be removed from the DTC to keep them from Rickrolling them.** + +I will be doing this with my infinity pool shares. I am currently working on writing up the different ways one might do this, as the broker's have made it very hard to do. Please see the links posted in my comment below if you would like to see my preliminary instructions for direct registration. + +Reading all of those comments (not yours apes) made me seriously mad. This has been going on for far too long. But Kenny and the banks have messed with the wrong apes! I'm ready to make my infinity pool nuclear. + +This is not financial advice. Reddit is too hard for me to figure out, why would you listen to me about anything! + +Ape no fight Ape, please be kind + +Edit;. There are Cons to registering shares. I got over them in a post linked below but... + +It is difficult to sell direct registered shares, and would require at least several business days to transfer them back to a broker, have them settle and then sell. This would not be a good idea for shares you would like to sell in the MOASS, only shares you want to keep invested in GME long term. This is not financial advice, oh those crayons aren't sitting well in my stomache + +Also, in my previous posts I list pros and cons of buying from GME verses transferring shares in. Please know the price is not guaranteed if you purchase new from them. May not be a big deal but GMEs price can be volatile. + +[https://www.reddit.com/r/Superstonk/comments/o5f8zy/preliminary%5C\_information%5C\_for%5C\_direct%5C\_registering/?utm%5C\_source=share&utm%5C\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/o5f8zy/preliminary%5C_information%5C_for%5C_direct%5C_registering/?utm%5C_source=share&utm%5C_medium=web2x&context=3) + +Edit: changed flair to education. Looks like I also lost my pictures? but can still get to them when you click, correct? + +Edit: fixed pictures... I think +What advice would you have for me at my age? I also have my real estate license so I do have some general knowledge on how everything works. Im just wondering what else can I do now to set myself up for the future? Real Estate investing gives me hope that I won't be stuck in an average paying job my whole life just working to get by. +Hey everyone! I've been day trading the E-mini with somewhat success. Still doesn't feel good. I've been practicing for the past 7 months (backtesting 15hours a day with new strategies) and still having troubles turning a real decent profit. Does anybody have any suggestions? + + Stock options, forex or futures? + +What are the main reasons you guys do to become profitable? + +ANY help would be appreciated immensely. Once I become a millionaire, Ill give you a bonus for a life changing advice hahahaha + +Again, I appreciate ANY help! I really want this to work and will never give up! +Since this situation began, I've been wondering whether the lockdown will finally change how companies perceive working from home. Prompted by another thread on here from earlier today where a lot of people shared their company's current WFH policy, I got really curious to know more about this topic. + +Which industry are you in and how has your company's working from home policy changed? Were you freely able to WFH before, or was it frowned upon? If going back to the office is the preferred way of your company nonetheless, when are you expected to do that? +From what I understand, this sub is generally against properties because of the market. But, hypothetically, if I've got about 20% saved for an apartment which I plan to live in for at least 3-5 years, wouldn't it make sense to buy instead of rent? Since any money I pay as rent is 100% going into someone else's mortgage. Sorry, I'm having a slightly difficult time wrapping my head around this. + +EDIT: Man , you all really like your property talk! I am really glad for all the replies, thank you! +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. +4:1 SPLIT DIVIDEND ALLOWS THEM ROOM TO DO A 3:1 SPLIT AFTERWARDS AS A BACKUP. + +SINCE THESE "DIVIDEND SHARES" WILL BE RECORDED/JOURNALED BY COMPUTERSHARE, OUR THEORY IS THAT LENDERS/SHORTS/MMs WILL BE FIGHTING AND SCRAMBLING FOR THE LEFTOVER SHARES THAT THE DTCC WILL HAVE TO DISTRIBUTE AFTER COMPUTERSHARE DIVIDENDS ARE GIVEN OUT FIRST. + +IF THERE IS NO BUYING PRESSURE FROM THE SHFs TRYING TO CLOSE THEIR POSITIONS DUE TO CRIME, GAMESTOP WILL ESSENTIALLY SAY "FCK IT, WE TRIED TO GIVE YOU A CHANCE TO CLOSE YOUR POSITIONS. SINCE YOU DECIDED TO CREATE MORE FCKERY, WE WILL EXIT THE DTCC AND/OR DISTRIBUTE A 3:1 NFT DIVIDEND, WHICH YOU WILL NOW HAVE TO CLOSE SINCE NFT IS BLOCKCHAIN SO IT CAN BE TRACED." + +90 DAYS AFTER JULY 21ST IS OCTOBER 19TH 2022. + +OCTOBER IS THE MONTH MOST RECESSIONS HAPPEN. + +IF THEY SAID 7:1 INITIALLY, THERE WOULD BE NO BACKUP AND THEY WOULD HAVE TO VOTE ON AN INCREASE OF MAXIMUM NUMBER OF SHARES AGAIN. BUT SINCE THEY ARE DOING A 4:1, THEY CAN NOW DO A 3:1 AS ANOTHER DIVIDEND SPLIT IF FCKERY CONTINUES. + +I'VE HAD TOO MUCH COFFEE THIS MORNING. + +DRS YOUR SHIT. LFG! 🚀 + +&#x200B; + +EDIT0: I AM JUST REALLY HYPED FOR THE DIVIDEND SPLIT GUYS. SORRY IF ALL-CAPS POST OFFENDED ANYONE. + +EDIT1: THE SHILLS ARE STRONG THIS MORNING. + +EDIT2: MAN SO MANY SHILLS THIS MORNING. \~76M (OUTSTANDING) \* 4 = 304M SHARES. 304M SHARES \* 3 IS 912M SHARES, WHICH LESS THAN THE MAXIMUM 1 BILLION. + +EDIT3: GOT REPORTED FOR BEING SUICIDAL LOLOL. SHILLS ON MAX DUTY. + +EDIT4: HEDGIES R FCKED! 🏴‍☠️ +Please Please Please + +Please stop posting SEC filings without a thorough read. It's not helpful to draw conclusions on something you don't understand. + +It is helpful to **ask thoughtful questions.** + +It is helpful to **DM experts in the area to bring their attention to it.** + +But please stop spamming the community with **"this is the one that will change everything"** type posts unless you're absolutely certain it's a ground shattering rule change. + +Right now, the community has a bad reputation for rushing to completely unfounded conclusions, and assuming GME is at the center of virtually everything. + +I will be reporting posts about new SEC filings that spread misinformation. Whether it's confirmation bias or not. + +EDIT: +This sub is full intelligent folks we have a lot of brain power here. When we're inundated with misinformation for the sake of the "race for karma" the poster is doing everyone of us a disservice. The more posts that are just posted to be the first to posts, especially those that make incorrect conclusions, the more difficult it becomes to discern what's good info and what's bad -- and that's exactly what the U in FUD stands for. + +A big 'ol capital U Uncertainty is what these posters are contributing to. +(Not a lawyer but this is what I took from the article I link below, lawyer apes, please correct me if I’m wrong) + +The law allows for citizens to form a grand jury for the purposes of inquiry into government (SEC) private companies (Citadel) or individuals (Kenny boi). +The entities under grand jury investigation have to provide the requested evidence for purposes of discovery, and companies have challenged the requests in the court and lost. + +This could provide some needed insight into actual share count. + +TLDR: if you live one of the Midwest states that allow grand juries, you can form +one by getting a certain number of signatures, then you can compel companies or individuals to release share info. + +Edit: + +Fixed link: +https://ballotpedia.org/Laws_governing_citizen_grand_juries_in_Kansas +We get a ton deducted from our taxes and use standard deductions and still end up with a tax bill at the end of the year! It is so frustrating. What else can you do to avoid having to pay at year end? Don't want a refund..just don't want to have to pay back more than a couple thousand dollars. +I have home owner's insurance. I've started taking pictures of everything I own, with model numbers of appliances and stuff. I'll save it to the cloud tonight in case I somehow lose my phone. We're packing go-bags in case our evacuation order goes from "get ready" to "GO". + +What else should I be doing to prepare? I feel like I'm missing stuff. If we have to evacuate we'll try to pack all of our valuable stuff in the cars, assuming we have time. If we don't.. well then we'll already have the go-bags. +I'm doing some research on living in US vs living in Canada. I have some mutual funds that I own in India. If I move to Canada - and don't sell my mutual funds - will Canada tax them in some form? For example, will Canada tax X% of the total asset value, or tax the notional gains made in mutual funds during a year? Or does Canada only tax capital gains if I happen to sell my mutual funds. + +**For context, US tax treatment of foreign mutual funds is pretty brutal**: As an NRI in the US, if you hold mutual funds in India, then the US will tax you on it even if you don't sell or redeem the mutual funds. The US taxes the 'notional gains' accrued on your Indian mutual funds, so if your portfolio goes up by XYZ% during a tax year, you will pay some tax on it in the US, **even if you haven't sold any mutual fund units**. For more info, feel free to read more about PFICs and QEF and their tax treatment here: [https://www.goldinglawyers.com/u-s-tax-on-indian-mutual-funds-irs-basics-of-indian-mutual-funds/](https://www.goldinglawyers.com/u-s-tax-on-indian-mutual-funds-irs-basics-of-indian-mutual-funds/) +We are newly married, still renting. I have 160k of debt between school loans and our cars. My inlaws are going to lose their house from a bankruptcy in 2016. His company essentially failed and he lost his house. Now, he wants to build a new house next to his son. + +He is asking me to put the 280K mortgage in my name and he pays for everything. He's suggesting an LLC and we could draw up a rental aggreement if i wanted. +I hate mixing business with family. My own father asked me last year to do the same thing for him, only for a car. Instead I just outright bought the car as a gift. I would resent it if he were late, or something else comes up that would complicate matters. +This is even bigger. My wife doesn't understand anything about finances at all, we're talking zilch. + +The way i see it, we lose out because of a hit to our credit, esp when it comes to us buying a house. The risk involved if they lose they job or become injured...i cant exactly evict them so that would be something id totally have to bear. +i'm a doctor and say i get sued, then they could lose their house. +pay for an LLC, have to pay commercial ins policy in addition to homeowner? The infamous "Due on Sale" clause if they want to transfer the mortgage over down the road. (which they are saying will hopefully be within a year, but cmon lets be real) +There are so many things out there that I'm probably not aware of! Anything else out there that might give me a headache? + + +EDIT - tough to keep up with the inbox but im trying. thanks to everyone for backing me up and for tips on how to smooth things over when making my case to the missus and then to him. + +EDIT 2 - i had the talk with her. she didn't fight me on it, only that I should just discuss it with him. I don't mind that at all. I've been drinking scotch reading all these posts so i gotta wait until tomorrow lol. then the deed will be done + + +edit 3- the deed is done. stood firm. convinced my wife and we were united. he took it well but I'm dreading seeing them in person again due to awkwardness +Let us get right to the chase. Apes have a bad habit of hero worshipping. The tendency to hero worship comes from the inability of many apes to discern between useful and non-useful information. Example: We usually abide by the [wrinkle brain system](https://www.reddit.com/r/Superstonk/comments/o5sg7t/the_wrinkle_brain_system/) to filter out bad info. + +However, sometimes individuals of questionable loyalty slip into the public eye of apes and cause problems. I'm sure some names are coming to mind as you read this. I believe there is some major forum sliding happening right now, brewed by our enemies via narrative propaganda. **Our enemies have figured out a way to get the apes to slide the forum themselves**, thanks to Satori and our mod team clearing out most of the shills. The model for this propaganda attack is quite straightforward. + +1. Identify a "problem" and create a sense of urgency via fabricated narrative. +2. Shine the spotlight on an individual who "solves" the "problem". +3. The individual acts as a Trojan horse, gaining community trust for playing their part in the fake narrative. +4. Spread false info or massive FUD by expending or leveraging the trust built up before. + +For example: We've seen this model enacted by Cramer a few times. He will generally try to play on the ape's side for a few days, and tout a suggestion or call to action after some level of trust has been perceived as acquired. The suggestion flips like a pancake, and Cramer's true intentions are once again shown as obvious as the sun. + +The entire narrative surrounding Gary and SEC is rife with red flags. The fabricated narrative includes some partial truth about the GameStop narrative, but fails to paint a full picture. This is indicative of Trojan horse style narrative fabrication. + +The full GameStop narrative is fundamentally about naked shorting. However, instead of addressing this fundamental narrative at all, a partially true narrative about dark pools is presented. By omitting the core of the issue a narrative is fabricated, and Gary conveniently appears with some implied solutions. + +Please keep in mind the underlying motivations of different parties. + +* CNBC - Paid for by the shorts. Their entire operation is designed to push the agenda of a small number of very wealthy people. The best course of action would be to simply ignore CNBC and not bring attention to them. They are not the gatekeepers of information; we don't need CNBC in any way. +* SEC/Gary - Please keep in mind the GameStop situation created a national security issue in January. The market, and by extension the federal government, was not ready for a real short squeeze. The price was going to destroy the core market structures. However, the stock market is a critical piece of the American state. If it suddenly fell a massive vulnerability would open up and threaten US dominance in the global sphere. This will never be allowed to happen. Right now the top decision makers regarding the US market are laser focused on preventing a national security nightmare from occurring. They don't care about retail, they don't even necessarily care about the shorts. They are not our friends, or enemies of our enemy. They're looking for the cheapest way out of this mess, and cheapest means less tendies for apes. +* Due to the extreme circumstances of the GameStop situation, different parties that would usually not act together are now incentivized to temporarily collude. This manifests through things like short ladder attacks, off-exchange trading, communal can-kicking, and in my opinion the worst of all -- elaborate narrative fabrication. + +The best thing for apes to do is wait for data points. Wait to see what actions different entities take. The actions speak to true intentions. Ignoring all the noise and waiting for data points basically nullifies the entire propaganda steps and goes straight to illuminating step 4. + +Let us name the most trusted people in the GameStop saga. DFV, Cohen, Dr. T, Wes, atobitt - these are some of our favorites. What do they all have in common? Their actions have spoken over time as impossible to fake indicators of their true intentions. Any new personas or entities must stand the test of time where their actions are judged as objective data points. There is no skipping this process allowed, else we end up with forum sliding, or worse. + +tl;dr + +It's important for apes to maintain their focus, else the forum will continue to slide. **It's difficult to find DD or data regarding GameStop on our sub right now, and frankly that's just sad.** Instead our sub looks like a bunch of paid advertising for CNBC. Please remember, nothing good comes from highlighting information from mainstream media outlets. We don't need them and all of their content serves to harm us. +Someone started a thread like this a couple of days ago which I thought was valuable, but they deleted their account which killed the thread, so I am reposting it. + + +Here's my story: + + +I was one of five children living with my mom who never graduated from high school. She was a waitress, worked in a store, did odd jobs. I was the youngest kid, and I remember being 12 years old when I got my first pair of shoes that were my very own new shoes, not hand me downs. I remember being arrested for shoplifting when I was 10, and how my mom broke down when she found out I had been stealing school supplies. She wanted us all to go to college. Most of us did. When I was in college on a scholarship, she finally graduated from high school by studying for and passing her GED. She got a job at the county as a clerk, which was the first stable job she ever had. + +Two years after I got my Ph.D., I had a brand new townhouse built for her. She got to pick out the granite for the countertops and the fixtures for the bathrooms and the wall color. + +When I sold that place later, I lost money, but honestly, fuck money when it comes down to it. It was the nicest place she ever lived in. + Lurker here for a month and just got my trading account funded. I have a moderate risk profile. Ideally looking for a stock that has long term growth prospects. I have around 17k to invest (for now) so a stock under $150 is preferred. + Appreciate your suggestions in advance. +If you are relatively new to investing like me, you probably also already wondered why you should not just dump all your money into a triple leveraged ETF like TQQQ as a long-term investment. Looking at the returns of TQQQ since its inception is absolutely eyewatering, even with the short drawdown during the Covid crash. + +So, I made a little backtest to visualize the drawbacks of such a leveraged ETF. + + +# TQQQ + +https://preview.redd.it/tqhd34bon3p81.jpg?width=840&format=pjpg&auto=webp&s=cca2c15ca5c48ba6db9c3cb90db9564b0061b909 + +TQQQ tries to replicate triple of the *daily returns* of QQQ. I've tested this by downloading the daily historical prices from [www.wsj.com](https://www.wsj.com/). Investing $100 at the inception of TQQQ in April 2010 would have given you a peak portfolio value of $20,000, while QQQ peaked at about $900. Note that this is a much larger return than just 3 times of our initial investment at April 2010. This gives us our first hint that TQQQ is not just three times the accumulative returns of QQQ. + +&#x200B; + +I've tested the performance of TQQQ by simply calculating the returns based on 3 times the *daily returns* of QQQ (orange line in the plot above). TQQQ manages to achieve its investment goal remarkably well, with only small deviations. + + +# Backtest + +https://preview.redd.it/xwsx6ioyp3p81.jpg?width=840&format=pjpg&auto=webp&s=d39085265863bc3ef70e770c778445a55459203e + +Let us now use the same methodology to backtest the performance of TQQQ, but with our initial $100 investment made during the inception of the QQQ ETF in March 1999. This is still decently within the runup to the Dotcom-bubble. + +&#x200B; + +At the peak of the Dotcom-bubble, our TQQQ investment would have peaked at around $800, while our QQQ investment would have peaked at about $230. However, the following three years would have absolutely annihilated our TQQQ position, reaching a bottom at $0.5 after the Dotcom-bubble and another bottom at $0.3 after the financial crisis. Today, our position would have grown back to peak at about $270, while the QQQ position peaked at about $800. + +&#x200B; + +Without knowing the exact mechanisms of such leveraged ETFs, I would also assume that it is very likely that the TQQQ fund would have been closed down when its absolute value falls below $1, which basically gets the fund delisted from the NASDAQ. It is probably very likely that you would loose all of your investment and that you can not just "sit out" a longer down-turn period. + +# Conclusions + +I think this very nicely visualizes why everyone says that triple leveraged ETFs can be a nice short-term instrument, but are absolutely not suitable for long-term "set-and-forget" investments. Just looking at the returns of TQQQ since its inception - during the greatest bull run of all time - gives a pretty misleading outlook on the possible risks of this ETF. +Clueless new investor here who invested majority of my portfolio into QQQ near ATH in early February. Now QQQ is finally slowly creeping back up to break even. My question is should I liquidate the majority of my QQQ and switch to VTI? Or just add future positions to VTI and keep QQQ? + +Looking back at historical charts, it looks like QQQ outperforms VTI in 10 year, 5 year, 1 year comparison whereas VTI outperforms QQQ in 6 months & YTD comparison. Assuming I have 20+ years before retirement and can weather the QQQ volatility, is it wrong to hold QQQ as the majority portion and switch to VTI majority when I get closer to retirement? + +Thanks in advance. +Hey guys, + +Got about 15k to invest and id like to park it into a long-term ETF. I already hold ARKF, ARKG and PBW (about 50-100 shares of each) as well as AMZN, AAPL, MSFT and 10% of my portfolio in travel rebound + +I'm looking to round out my portfolio with a solid long-term ETF, but I see so many with so much overlap (ie. VTI, QQQ, VXUS, VOO) and im not sure what to go with. Any help would be appreciated +Hello Everyone! Split dividend day!! + +Ape help ape. + +Howdy all! I've been immensely happy for the good reception this has been getting, and for all the people helping in their needs. I'm just so happy for that. Now just like I always ask, is everyone holding up okay? Still very much turbulence in the world right now, as well as personally for some. Alot of people have been having things rough. It's okay to take a breather! In, out! Ahhhhh! + + +Today's the day! No not Christmas or your birthday, Splividend day! After two weeks of DRS transfers out the wazoo, and people locking in shares, the split dividend has finally arrived. Apes woke up to find their holdings increased by four in most brokers, with some still processing the split dividend. It's a very exciting day indeed, and I know you don't need me to tell you that. It'll be fun to watch brokers scramble to find splividend shares to give to the rightful hodlers, and what happens in the aftermath of all this. You know the motto, buy hodl DRS! Not financial advice! + +Now on to the fun stuff. Anyone need food or essentials? Please reach out to the community and speak up! No shame. Many here can help make sure that you and your loved ones are good. There is no reason anyone should be without. Ive seen so many comments of people in tough times, it just absolutely pains me to see this. I don't know how to even do this. I'm sure we can find a way in keeping this responsible and anonymous. Anonymous is the word, no one is asking for anyone to be doxed here. + +No one should be without. We're all family here. Even if this helps a few people then it's worth it. + +If you need help, if you're struggling, please ask. We are all a community, and there's no shame in seeking support if you need it. Also you don't need to be in the same area, hopefully you can find someone/people to help! If you just need to vent that's fine too. + +Just wanna go over a few ground rules for this post. Feeling frustrated and tired here IS okay, but spreading FUD is not. A little leway will be given but outright **saying you sold** (true or not) is not the best to post and **WILL be considered FUD.** No fud please. Basically not spreading of fud and not talking of selling and you'll be good. Also helping out is absolutely okay, and welcomed, but I think the line has to be drawn at posting things like official charity links and gofundmes, at least here in the comments. Also remember that while this is an online community, we are all individual investors. But also remember that needing help is okay and you're not alone. + +As for the critics, not everyone who's struggling is over leveraged. Alot can change in a year or even just a few months, and you just never know what people are truly going through. Also many people who have no idea what's happening with GME currently are feeling the effects of the state of the economy right now. A little compassion never hurts 😄. + +Cheers everyone 🍻, and hope everyone has an awesome weekend 😊. + +Use your gut and ape help ape! WAGMI. And remember, Power to the Players 🥢! DRS! 🦍❤️ + Stay cool! Love everyone. +My perspective as a 23 year old is to not spend money on material things, I do most of my spending on social activities with friends, like a hotel and bars in the closest big city, or a plane ticket and hotel in a party city like Miami or Las Vegas. I'm wondering what the experienced folks of FI would recommend to the younger crowd on balancing social life and saving. + +I’m the guy that got scammed for 200k tether from Twitter. Here are the details: + +Scammer: lin_cutekiller. Edit: name changed to: Leylani_Lin + +Dapp: eth-coin dot info + +Transaction hash: 0xaaf1448c918aed5345fa521cac36e327b22fcccb3437f3cf786ddb211112d7f4 + +Bounty: all of it is yours unless you have some sympathy and want to kick back some to me. Have at it + +I’ve definitely learned my lesson. Although it won’t help me personally, I’ve gone ahead and filed with local police station, FBI internet crimes, and the FTC. Not sure what else is left to do other than work hard and starting over again. Thanks to those of you that were supportive during my last post. +Hey guys, + +A lot of people have been concerned about the shills and all the other trash that is going on with the subreddit. I just wanted to state a few brief observations I have made about this community since this has all started. You see, back when I was a boy in the U.S. I joined the Marines and spend a short period of my life in the service. I don't want to do dig into that, this post isn't about me. This is about you. + +I just wanted to let you guys know that I have never seen a more amazing transformation of worthless apes in my entire life. Fun fact, basic training is 3 months long if you enlist in my branch of former service. + +You apes have been sharpening your teeth for longer than this. Studying, mastering, learning about charting and preparing. The level of talent brought to the table; personally has blown me away. I honestly wish I got any kind of training this detailed during my time in the service. I have grown more wrinkles in my brain more during this entire period of time, than in any point in my entire life. It's not easy to teach a group of crayon eating apes how to basic tasks, but it absolutely can be done. + +If it only takes three months to turn a worthless sack of shit, such as myself; into a trained, fit and motivated Marine... These hedgies have no idea what they are in for when you guys continue to beef up your knowledge and grow closer and closer as a community. + +I like the stock and if I may be allowed a brief moment of cockiness... Hedgies, when a Marine is committed to his task, he does not fail. I will not waiver, you cannot break my focus. My mission and purpose are clear. I will hold my shares until the task is finished. The mission isn't over, but rest assured. I'll be there holding tight when it is. + +Semper Fidelis is latin for always faithful. Be true to that my fellow apes. + +💎🙌 + +Edit: Some minor grammar shit because I lodged a crayon too deep in my nose. +Just to confirm. We are not doing a peaceful merger with /r/Ausfinance. These rumors are filthy lies by /r/Ausfinance, such obvious lies that not even the AFR would repeat them. You can take this sub from my cold dead hands! [Just because Burn is going doesn't mean It's done.](https://new.reddit.com/r/ASX_Bets/comments/mh6lff/announcing_my_semi_retirement_and_welcome_to_new/) + +&#x200B; + +This is a fucking hostile takeover and we won't stand for it. Koalas together! Death to VDHG! + +&#x200B; + +I do not believe these rumours that Plucky was a /r/Ausfinance mole all along planning on some Butts related takeover. Stop PMing me with the strangely detailed fake chat logs. Also, no Brigading /r/Ausfinance. Don't give them the satisfaction or subscriber count. + +&#x200B; + +Also, /u/letsburn00, is Automod acting strangely? + +EDIT: [There is a Coup! How could I be so blind? I'm setting up a government in Exile here.](https://new.reddit.com/r/Buttpocalypse_now/comments/mhh298/i_cant_believe_plucky_did_this_we_will_take_back/) +**Melbana Energy Ltd - MAY.ASX** + +*MC: $50m* + +*Cash: $10.6m* + +*Debt: Non* + +*SOI: 2.3B (current cap raise underway which will dilute SOI to 2.6b)* + +Melbana (MAY) is an upstream oil and gas exploration company with projects located in both Cuba and Australia. The company is just **1** **month away** from spudding the highly anticipated Alameda prospect in their world-class exploration PSC, Block 9 in Cuba. + +&#x200B; + +**Block 9 - 30% Ownership** + +Block 9 is a large onshore PSC acreage (2.1% of Cuba's total area) located on the north coast of Cuba, 140 km east of Havana. Block 9 has an **already proven hydrocarbon system** with previous historic exploration wells indicating the presence of hydrocarbons. The block is also supported by being along the trend line with the multi-billion barrel Varadero oil field, located just 35km away. A key feature of the Varadero field is the major fold and thrust belt structures that fracture and fold carbonate units, which is interpreted to extend into Block 9. + +[Block 9 Location](https://preview.redd.it/ndu3juqss2g71.png?width=766&format=png&auto=webp&s=f85b668421bf42ab4ea5a67f299f15b9897f1410) + +Block 9 has been independently assessed to house **15.7 billion barrels of oil** (nearly a trillion dollars worth) with **prospective resources of 718 million barrels**. These estimates are based upon **pre-existing seismic, gravity, magnetic** and **surface data sets**. There is the potential for Melbana to expand its resource estimates as the company is expected to shoot new seismic lines on the additional **19 structural leads** identified. + +[Block 9 prospects & leads](https://preview.redd.it/iahtowhws2g71.png?width=774&format=png&auto=webp&s=da1f9d3e6f84b3fd6dfbe678a53ec53dc55c12d7) + +Block 9 consists largely of low-lying farmland with sealed roads that connect Block 9 all the way to Havana. **Extensive oil and gas infrastructure** surrounds Block 9, with pipelines and railway lines close by, a deep-water port housing an **oil terminal** located 50km away and the second largest international airport within 40km. + +&#x200B; + +**Block 9 Agreements** + +In 2019, Melbana entered into a **farm-out agreement with Sonangol**, Africa’s second-largest oil producer, for Sonangol to acquire a 70% interest in Block 9. In the agreement, Sonangol will **fund 85%** of the two well-drilling programs. Melbana will remain the operator until the completion of both drills. + +Melbana has additionally signed an offtake agreement with CUPET, Cuba’s national oil company, that allows CUPET to purchase discovered oil **at international prices**. The agreement also allows Melbana to sell the oil on the international markets. Cuba has multiple modern land drilling rigs currently operating in Cuba and Melbana has selected Sherritt International as the drilling contractor. + +In 2017, Melbana projected that drilling would occur in 2018, however the company still had to complete the following: + +\- detailed analysis of the high priority drilling targets- Finalisation of detailed well design and drilling plans- Progress Cuban regulatory approvals required for drilling- Proceed with long-lead procurement and contracting actions- Detailed contractor evaluation and selection in preparation for field contractcommitments + +Obviously, they still had quite a few milestones to hit before drilling could actually occur.Additionally, Melbana didn't have a farm-out partner. + +In October 2018, Melbana reached a farm-out agreement with AGMI however in April 2019 **Melbana elected** to terminate the agreement due to lack of progress by AGMI towards satisfying the agreement conditions. + +During the remainder of 2019, Melbana pursued alternative farm-out agreements and it wasn't until December 2019 when Melbana signed a Heads of Agreement with Sonangol. To Sonangols credit during the COVID pandemic, they still pushed forward with signing the farm-out agreement in May 2020. IMO this signifies how bullish Sonangol is on the Block 9 prospects. + +&#x200B; + +**Alameda Prospect** + +The Alameda Prospect being **drilled in September** contains **three targets**, U1, N and Amistad, Alameda can be tapped from **just one slightly deviated well**. The most exciting prospect is the lower sheet target, Alameda, which is in a similar structural setting as the Veradero fields. + +[Alameda-1 Well & the 3 targets](https://preview.redd.it/60i2dvi3t2g71.png?width=1158&format=png&auto=webp&s=21a442e5bf8a1edaa12b714ae86275fbdacf1f94) + +The three targets are independently assessed to contain a prospective resource of **141 million barrels of oil**. The Alameda-1 well is estimated to take around **80 days to drill**, placing completion around the end of November. + +The chance of success for the 3 prospects is estimated to be **32%** (high by industry standards) due to the **supportive data** from the previous exploration wells, Marti-2 and Marti-5. The Marti-5 well, drilled nearly 30 years ago, recovered 44bbl of 24° API oil and had numerous oil shows extending over an 850m Lower Sheet section (where the Alameda prospect is located). The U1 target is the structure that has been identified as the updip of the tested oil recoveries in the Marti-2 well. + +&#x200B; + +**Zapato Prospect** + +The Zapato prospect is being **drilled straight after** the Alameda prospect with the spudding event expected at the **end of December**. Construction of the well-pad is currently underway. The Zapato structural feature has a crest at approx 2,000m with a vertical relief of 1,000m. + +[Zapato-1 Well & the targets](https://preview.redd.it/izwjrhsdt2g71.png?width=787&format=png&auto=webp&s=19ebb899701bf0bffcba2a67f0659ffee094aa6b) + +The prospect is independently assessed to contain **95 million barrels of oil**. Drilling is expected to conclude mid-way through **March 2021**. + +The chance of success is **23%**. The Zapato field is believed to be the **source of the highly productive Motembo oil field**, which historically produced high-quality light oil. Studies have indicated there is a strong gravity and magnetic alignment of the structure which is further supported by seismic and surface data. Carbonate duplex structures such as Zapato are being targeted due to their potential to contain Varadero style oil accumulations. + +&#x200B; + +**Timeline** + +[12-month drilling program](https://preview.redd.it/3dwgl4hlt2g71.png?width=1703&format=png&auto=webp&s=293ae31f435b98bb3f1dedb8cc39b34b45bf06ad) + +[2 well drilling program timeline](https://preview.redd.it/7fvrdnwnt2g71.png?width=1659&format=png&auto=webp&s=cc8a5ebfed72dc58ea67353d956cc222efde3a9d) + +&#x200B; + +**Cuban Jurisdiction** + +Cuba is located in the Southern region of the Gulf of Mexico, which is currently one of the world’s **largest under-explored petroleum mega provinces**. Cuba has been **lightly explored** with modern-day exploration technologies however the country does have a rich exploration history. The principal zone of exploration has occurred along the narrow belt in the north coast (where Block 9 sits) and in the regions immediately offshore where tectonically thickened Jurassic-Cretaceous carbonate sources and reservoir sections have **formed a supercharged hydrocarbon system.** + +The current US trade embargos are **only imposed on American citizens**, which limits their US engagements and operations in Cuba. **Non-US international companies** (French, Russians, Chinese, Canadians) have been operating in Cuba with the most prominent being the Canadian company, Sherritt International. Sherritt has a **rich 30-year oil and gas exploration and production history** in Cuba with blocks including the Varadero oil fields which is located next door to Melbana’s Block 9. + +The Biden administration is **currently exploring new policies** that would reverse many of the detrimental actions undertaken by the Trump administration which restricted US citizens from travel, trade and other forms of outreach. The Obama administration had expanded contacts when it re-established diplomatic relations with Havana in 2015. It is important to note that Melbana is a company registered in **Australia** and the current US sanctions **do not apply**. Melbana has been able to source resources and equipment from firms outside the US. + +Last month in July, large gatherings of Cuban citizens protested against the government for its inability to address Cubans' **deepening economic crisis** as well as the resurgence of COVID in the country. Oil discoveries by Melbana would bring **major economic development** to the country through foreign investment as well as addressing the major oil supply deficit currently occurring. In 2019, Cuba produced just 45,000 barrels of oil equivalent per day which **only covered 50% of the nation's demand**. This significant deficit has led Cuba to import most of its oil supply from Venezuela. Yet due to the economic & political instability of Venezuela over recent years, importation has been declining, placing a greater strain on the Cuban economy. + +To attract more foreign investment into the country, in 2014 the Cuban government passed the **Foreign Investment Act** which reduced tax rates and provided tax holidays for the first 8 years of operations. As one of the first movers after the Act in 2015, Melbana **gained numerous advantages** by securing the most **attractive exploration blocks** as well as **establishing highly supportive relationships** with the Cuban government and CUPET. + +&#x200B; + +**Risks** + +* US Trade Embargo on Cuba +* COVID related delays +* Lack of discovery or limited discovery +* A downturn in international oil prices +* Cuban Government +* High SOI (2.3b) with further dilution from the current capital raise (2.6b) +* Limited Liquidity + +&#x200B; + +**Other Oil & Gas Assets** + +*Cuba - Santa Cruz oil field - 100%* + +Santa Cruz is a shallow offshore oil field in the northern region of Cuba, located just 45k east of Havana. This northern fold bet is **along with the trend** that is responsible for the vast majority of Cuba’s oil and gas production. Although the oil field is offshore, the target has been previously drilled using deviated wells from onshore sites. + +Santa Cruz was originally discovered by Sherritt and Pebercan in 2004 with production commencing in 2006. Early resource estimates indicated up to 100 MMbbl of recoverable oil, from a \~20 km2 structure with a significant 250m oil column. Santa Cruz reportedly produced over 1 MMbbl in its first year, and by 2013 had produced 7.4 MMbbl from 18 wells. + +In 2018, Melbana finalised a contract with CUPET, gaining an exclusive right to negotiate a long-term contract that would see the oil fields become operational again. Melbana is currently in an initial study period of technical work, assessing potential recoverables and has engaged a Canadian consultant with extensive Cuban experience to identify possible debottlenecking opportunities. + +*Australia – Beehive prospect (WA-488-P) - Royalty payments* + +The WA-488-P exploration permit contains the giant Beehive prospect, one of Australia’s **largest undrilled hydrocarbon prospects**, with a best prospective resource estimate of up to **416 million barrels of oil**. The chance of success is **20%.** + +In April this year, Melbana sold the WA-488-P permit to EOG Resources, one of the largest US oil and gas production companies. As per the contract of the sale, MAY will receive **US$10m for every 25 million barrels of oil produced** (roughly US$166m). + +Melbana estimates that subject to regulatory approvals of the transaction, EOG will begin drilling the Beehive sometime **during 2022** + +*Australia - AC/P50 & AC/P51 - Royalty payments* + +In 2018, Melbana sold its 55% interest to their joint venture partner Rouge Rock. The terms of the divestment provided Melbana with an interest in any future farm out or sale of the permits. + +In May 2021, Santos and Malaysia’s SapuraOMV acquired the AC/P50 permit and as a result, Melbana received an upfront cash payment and retained its **entitlement to a 10% share of any future royalties that Rouge Rock would receive**. Drilling of the P/50 prospect is expected to begin sometime **during 2022** + +The Purchasers of AC/P51 also have the right to acquire the permit AC/P51 which if exercised, Melbana would be entitled to receive similar cash consideration and contingent royalties. + +*Australia - Turtle & Barnett prospects - 100%* + +Melbana has acquired the WA-544-P and NT/P87 permits (next to the Beehive prospect) that contain the undeveloped Turtle and Barnett oil discoveries. Melbana will look to leverage learnings from the Beehive project by reprocessing seismic data to determine whether the two discoveries can be upgraded and whether deeper carbonate plays exist. + +*Australia – Tassie Shoal Projects - 100%* + +The Tassie Shoal project is a unique opportunity where Melbana would establish a Methanol and LNG **treatment facility** for the stranded gas assets in the Northern Territory offshore areas of the Bonaparte Basin. The development of the facilities has gained Federal environmental approval until 2052. + +&#x200B; + +**Melbana Management** + +*Andrew Purcell– Chairman* + +Andrew founded Lawndale Group in Hong Kong over 10 years ago, a company specialising in the development and management of projects in emerging markets across the heavy engineering, petrochemical, resources and infrastructure sectors. Prior to this, Mr Purcell spent 12 years working in investment banking for Macquarie Bank then Credit Suisse. + +*Michael Sandy - Independent Non-Executive Director* + +Michael is a geologist with 40 years of experience in the oil and gas industry. Michael has held numerous roles including minerals exploration and research for the PNG Government, Technical Manager of Oil Search, senior management with Novus including manager of assets in Australia, Asia, the Middle East and the USA. Michael has also been the principal consultant of Sandy Associates who is involved in petroleum, minerals, geothermal, environmental and disaster management projects. + +*Peter Stickland – NonExecutive Director* + +Peter has over 25 years of global experience in oil and gas exploration. Peter was the CEO of Melbana Energy from 2014 until early 2018 during which time he led the restructuring of the company and secured the Block 9 PSC in Cuba. Prior to joining Melbana, Peter was CEO of Tap Oil Limited as well as having a successful career with BHP Billiton. Peter was a member of the Board of Australian Petroleum Production and Exploration Association Limited. + +*Errol Johnstone - Chief Geoscientist* + +Errol has had a distinguished international career with ExxonMobil for over 29 years with particular emphasis on new ventures, basin analysis and new play generation. Errol is one of the industry’s experts in Structural Geology, Regional Geologic synthesis, Sequence Stratigraphy and 2D/3D Seismic Interpretation. + +*Rafael Tenreyro - Cuba Representative* + +Dr Rafael Tenreyro has over 40 years of experience in the Cuban oil industry, working in exploration projects which lead to the discovery, evaluation and development of 14 oil fields + +&#x200B; + +**Financials** + +As per the recent quarterly activities statement, Melbana has a **cash balance of $10.6m**. Melbana is also expected to receive a further US$7.5m cash payment from EOGs Beehive prospect subject to regulatory approvals. An additional US$5m may be received upon the satisfaction of certain conditions. The company currently does **not have any debt**. + +&#x200B; + +**Capital Raising** + +As per the Block 9 farm-out agreement with Sonangol, Melbana is required to provide 15% of its own money to fund the upcoming drilling program (Roughly $7.4M). Although they currently have $10.6m in the bank, the vast majority of these funds were from back payments provided by Sonangol, therefore, rendering these cash reserves invalid for the 15% payment of the drilling costs. To raise the drilling funds required, Melbana is currently undertaking a capital raising. + +The offer is **2 Shares for every 13 Shares held** by shareholders on the **10th of August** (suggest that you purchase tomorrow as unsure about T+2 with cap raises) at an issue price of **2c**. The offer also comes with **1 free option for every 2 shares issued**, **exercisable at 3.5c in 12 months.** + +&#x200B; + +**Share Price Projections** + +Based upon basic financial projections, I estimate that the share price could reach **21.7c** (10 bagger from the current price) by **March next year**. + +Assuming oil price of US$70 and extraction cost of US$15 (CEO actually said costs to be around US$10 but I went more conservative). The CEO has said that Melbana remains extremely profitable if oil prices are between US$40-50. Note as per Sherritt's PSC, there are no royalty payments to the Cuban government. + +[Basic financial projection](https://preview.redd.it/d9ilm1xgu2g71.png?width=1171&format=png&auto=webp&s=199d2010096ea7ab4a19ae1d55bb06519ce64538) + +This **does not include** the effect of FOMO/HYPE. Please note the above calculations are quite basic and I did leave out certain metrics. Do not use these figures to guide your financial decisions. + +&#x200B; + +**Final Thoughts** + +I am **extremely bullish** on the Block 9 prospects given the magnitude of data that they have acquired, previous exploration wells indicating hydrocarbons as well as the expertise of the board. A major de-risking factor was the farm-out agreement signed with Sonangol, who would have undertaken **significant due diligence** towards the potential success of the prospects. + +The two well drilling program presents a very attractive opportunity in the short-medium term with the additional 19 leads plus the other assets providing a solid base to move forward in the long-term. Melbana is also expected to receive significant funding from its previously owned Beehive prospect and will have a very **healthy cash balance** going forward. The shares on issue as well as limited liquidity is somewhat a concern and should be considered if taking a position. + +It is my personal belief that the market is unaware of Melbana’s operations due to the **reluctance of investing in Cuba** coupled with **ineffective marketing campaigns**. Although the sovereign risk is elevated in this jurisdiction, from my research I believe that a lot of the conventional bias against Cuba is **unfounded**. Given the value-adding significance of the prospects and potential impacts to the Cuban economy and its people, I believe that Melbana hasn’t delivered its offer effectively to the market, leaving the company overlooked. Though for shareholders this isn’t a particularly worrying issue, especially in the small-cap junior resources sector where the interest can often occur **only after successful results**. I expect that if Melbana has a successful Alameda-1 drilling campaign, the SP will experience a significant re-rate. **Hence why I have loaded up heavily prior to the drilling occurring.** + +I personally view MAY as a hybrid mix between **IVZ** (reluctance to the jurisdiction, supportive data and government, significant impacts on one economy and people, pre-existing infrastructure) and **BRK** (vast amount of potential prospects, already proven hydrocarbon system). + +&#x200B; + +*Summary* + +**Exploration Success** + +\- The pre-existing seismic, gravity, magnetic and surface data sets + +\- Interpretation abilities of the quality management team with extensive experience + +\- Previously exploration wells indicating hydrocarbons are present + +\- Cuba's Northern Belt geological characteristics + +**Commercial Success** + +\- Lots of existing O&G infrastructure + +\- Other foreign companies successfully operating in Cuba + +\- Government and CUPET extremely supportive of Melbana + +\- Cuba is an oil starved market. The country needs the oil as much as the shareholders want the SP to increase + +\- Sonangol is the farm-out partner + +\- Melbana has multiple assets + +\- Attractive fiscal terms for foreign companies + +&#x200B; + +**Melbana Resources** + +* [Energy News Interview](https://youtu.be/OtuIJGuaU3Y) +* [Energy News Article](https://www.energynewsbulletin.net/partners/partner-content/1411221/melbana-energy-and-its-king-sized-cuban-prospects) +* [Next Investors 2018 Article](https://www.nextoilrush.com/asx-juniors-under-drilled-cuban-oil-asset-puts-it-in-multi-billion-barrel-company/) +* [Stockhead Interview](https://stockhead.com.au/energy/rock-yarns-melbana-is-building-impressive-momentum-on-its-high-upside-cuban-oil-project/) +* [Finfeed Interview](https://finfeed.com/features/melbana-sets-sights-cuban-oil-australian-gas-dreams/) +* [Cuba Energy Analysis](https://www.eia.gov/international/analysis/country/CUB) +* [What is causing Cuba's shortage of oil article](https://www.reuters.com/article/us-cuba-fuel-explainer-idUSKBN1W91C3) +Over the weekend I realised that I'm addicted to gambling on the ASX. + +Don't get me wrong. I don't do T+2s, YOLOs, or even intra day trades. + +But I am addicted to the rush of gains, I trade purely on emotion, and I obsessively stare at charts as if I am going to have some kind of 'Aha!' moment. + +My ego is correlated with the performance of my portfolio and I subconsciously believe I must be 100% exposed to risky growth stocks or else 'what is the point?' + +The worst part is, I shift the goalposts of my exit strategy constantly to ensure I will never, ever take a profit. + +I want to buy a car, you see, but cars are such money pits that I can only justify it if I fund it with pocket money from my investments. + +Now, I've never been close to Lambo territory, and realistically I should just sell enough shares to buy a $6k shitbox of a Ford Fiesta. But I notice that even when I get $6k of profit, I don't sell anything. Ever. + +I just hold, and then when the numbers start going up, I start fantasizing about a Corolla (lol), then a Civic, then a Mazda 3 Skyactive... Then I think, Hell, in a week or two I'll be able to buy an i30 N! + +Then the stock price fucking tumbles faster than I can say 'The clapped-out Fiesta with 220 ks on it will be fine, thanks!', and I'm all the way back down at my entry price (if I'm lucky). + +You'd think knowing this would help me, but it turns out even intellectually understanding this pattern is not enough to avoid making this mistake all over again, because the greed is still there, ready to kick in on the next upswing and cheat me out of my money! + +So what should I do? +# If you find this interesting please follow my account for more DD. + +# I'm also working on an Excel file which will provide all fundamental data about a stock, more info about that on my account. TLDR at bottom! + +**Introduction** + +With the change and progressing to extremer climates, global warming is coming our way. It has been shown world governments are incapable of properly taking action against this threat. Since it seems like global warming won’t be stopped, we will have to start adapting to the new extreme climates. One way of ensuring a comfortable living/working space in this grim future is by making use of HVAC (Heating Ventilation & Air Conditioning). **And that’s what got me thinking**. My family has been hell bent on **NOT** getting air-conditioning. But with the summer temperatures ever more frequently reaching +40c with a humidity of +70%(Hup Holland Hup) it’s becoming unbearable. Sleepless nights, overheated pets, fainting, old people dying and just losing your will to live. These are all issues more people around the world are starting to face. Every place on earth is getting more extreme. Every place on earth is getting more need for Climate control. And every company is looking to profit of that! This is why my next play is in the HVAC industry. + +**Finding our compatible companies.** + +I only want to invest in the best companies. Living in The Netherlands I personally don’t know the best brands, luckily, I’ve got great internet. So, after spitting through some review sites these are the 5 public companies that came out best when looking for “Best HVAC/Air-conditioning companies/brands”. (Not ranked) + +1. Carrier (Day&Night, Bryant, Toshiba & 15 more) + +2. Trane (American Standard, Thermo King & 7 more). + +3. Daikin (Goodman, Amana). + +4. Lennox (Service Experts, Allies Air Enterprises). + +5. Johnson Controls (Hitachi, York) + +**Understanding the HVAC market.** + +Before we continue to further analyze the companies, we first need to understand the HVAC market. + +Some facts: + +1. The HVAC business has been valued at $91.30B in 2020 and is expected to reach $173B by 2024 and $367B by 2030. That’s a Compounded Annual Growth Rate (CAGR) of +/-15%. + +2. The most popular countries for Air Conditioning (AC) per household are: Japan 91%, USA 90%, Korea 86%, Saudi Arabia 53%, China 60%. + +3. Global stock of AC is expected to grow to 5.6B by 2050, up from 1.6B in 2018. (This is 1 AC sold every second for the next 30 years). + +4. Less than a third of the global households own an AC. + +5. 8% of the 2.8B people living in the hottest parts of the world own an AC (Brazil, Indonesia, India, African countries). + +6. AC demand is increasing every year going from 97,60M in 2012, up 111M in 2018. + +As can been seen in the above statements the HVAC business is very well integrated in some large countries. But the most exciting prospects are those of the developing countries. In Mexico, Brazil, Indonesia, South Africa and India only 16%, 16%, 9%, 6% and 5% respectively of the households have AC. This is a MASSIVE market just waiting to be exploited. + +\- The Indian AC market stood at $4,3B in 2017 and is expected to surpass 11B by 2023, that’s a CAGR of over 17%. This rising growth is led by rising infrastructure development, growing demand for housing and the constantly rising temperatures and consumers purchasing power. + +\- The Middle Eastern and African market is expected to have an CAGR of 4,9% during 2019-2024. + +\- The Indonesian market is currently experiencing a 2% CAGR in AC demand over 2012 till 2018. + +\- The US is expected to have a CAGR of 3.1% from 2020 to 2030. + +\- Europe is expected to have a CAGR of 6% from 2019 to 2025. + +\- **The global HVAC market is expected to grow with a CAGR of 5.5% from 2018 till 2024**. + +**Market share.** + +This was actually really really difficult to find free sources on and I can’t really make a clear picture out of it so here are the numbers: + +\- 2013 North America market: Carrier 17%, Daikin 15%, Trane 10%, Johnson 9%, Lennox 6%, LG 5%. + +\- 2013 Global AC market: Daikin 13%, Carrier 10%, Johnson 8%, Trane/LG 4%. + +\- 2018 Indian market share: LG 17,7%, Hitachi 7,9%, Daikin 7,4%. + +\- HVAC Used by construction firms in USA: Carrier 29%, Lennox 17,3%, Daikin 8,2%, Trane7,3%, LG 1,8% Johnson 1,8%. + +\- 2020 global “Wall-Mounted Fan Coil Units” market: Daikin 29%, Trane 26%, Carrier 12%, Johnson 7,5% + +My conclusion from this and other information found online is that globally Daikin is the biggest followed by Carrier, Johnson, Trane, LG and Lennox. I accounted for all known acquisitions since 2013 in the market share. + +**An introduction to the Companies** + +**Carrier** + +Carrier products and related services include HVAC and refrigeration systems, building controls and automation, fire and special hazard suppression systems and equipment, security monitoring and rapid response systems, provided to a diversified international customer base principally in the industrial, commercial and residential property and commercial transportation sectors. + +Employees: 53,000+ + +Countries active: 160+ + +Market Cap: 25,959B + +**Key points:** + +\- 85% of sales are in the USA or Europe, they are however planning to expand globally. + +\- 51% HVAC, 29% Fire and Security, 20% Refrigeration. + +\- Since April 2020 carrier has split off from Raytheon Technologies, allowing them to focus fully on the HVACR market. + +\- Carrier is planning on cutting 600million in costs by 2022 (4% of current COGS) + +\- Carrier has recently launched its “BlueEdge” platform, providing aftermarket service to customers and minimizing machinery downtime & costs. The platform will offer 3 different plans of service to customers. Currently 82% of all Carrier’s revenue comes from products, this is a clear move to increase its services revenue. + +\- As stated above, Carrier is planning to move more towards (digital) services. + +**Strengths:** + +\- Well established brand within USA and Europe. + +\- Leader of the HVAC market. + +\- Very efficient products. + +\- Diversified + +\- 500+ patents and 115y of experience. + +\- Owns cheaper sub-brands. + +\- #1 HVAC brand for 10 consecutive years according to Builder Magazine + +\- Increased focus on smart systems and apps. + +**Weaknesses:** + +\- Trying to enter markets with well established competitors (Johnson Controls, Daikin) + +\- Excessive dependence on the American market. + +\- No lifetime warranties + +\- No concrete plans for taking over the Asian market. + +**Trane** + +Trane Technologies Public Limited Company manufactures industrial equipment. The Company offers central heaters, air conditioners, electric vehicles, air cleaners, and fluid handling products. Trane Technologies serves customers worldwide. + +Employees: 50,000+ + +Countries active: 100+ + +Market Cap: 28,189B + +**Key Points:** + +\- Since February 2020 Trane has split from Ingersoll Rand allowing it to fully focus on its HVAC business. + +\- Revenue: 73% Americas, 12% Asia/Pacific, 15% EMEA. + +\- Revenue: 79% Climate, 21% Industrial + +**Strengths:** + +\- 120y of experience. + +\- Known as reliable, efficient and silent. + +\- Major investments in reducing carbon emissions for its systems. + +\- Opportunity for expanding to Asia and the Middle East. + +\- Reduced product emissions by more than 50% + +**Weaknesses:** + +\- Heavy dependency on the American market. + +\- No concrete plans on expansion in the Asian/Middle Eastern market. + +\- No strong focus on apps/smart systems. + +**Daikin** + +DAIKIN INDUSTRIES, LTD. manufactures air conditioning equipment for household and commercial use. The Company also operates chemical, oil hydraulics, defense system, and electronics businesses. + +Employees: 76,000+ + +Countries active: 150+ + +Market Cap: 53,273B + +**Key points:** + +\- Japan sales rose 7% YoY + +\- Americas sales rose 13% YoY + +\- EMEA sales rose 7% YoY + +\- Asia/Oceania sales rose 10% YoY + +\- Revenue: 89,6% HVAC, 8,1% Chemicals, 1,7% Oil Hydraulics, 0,6% Defense + +\- Daikin creates Semiconductor-etching products. Making them well positioned for the “new” tech boom. With the sales of chemicals almost increasing 10% YoY. + +\- Daikin provides warheads for the Japanese military. + +\- Owns Goodman. + +**Strengths:** + +\- Leader of the Indian AC market, creating products that can withstand the extreme conditions in the country. Being able to operate at temperatures as high as 54c, creating AC’s that do not corrode due to sulfuric acid. and also, being able to be dropped from 1m height, to withstand the rough roads. + +\- Grew its profit in FY2020 while all others decreased in revenue. + +\- Produces products used for Semiconductors. + +\- Has a clear plan to expand it’s influence in emerging markets such as India and the Middle East. + +\- Creates the full supply line for HVAC products, from refrigerants to AC-units. + +\- Heavy R&D expenses. + +**Weaknesses:** + +\- China-Us frictions. + +\- Slowdown of the Japanese economy. + +\- Does not have trailer refrigeration. + +\- Outdated apps. + +**Lennox International** + +Lennox International Inc. provides climate control solutions. The Company designs, manufactures, and markets heating, ventilation, air conditioning, and refrigeration equipment. Lennox markets its products worldwide. + +Employees: 11,000+ + +Countries Active: 70+ + +Market Cap: 10,617B + +**Key Points:** + +\- Revenue: 60% Residential, 25% Commercial, 15% Refrigeration. + +\- Mainly present in America. + +\- Increasing net profit margin. + +**Strengths:** + +\- Currently has the most efficient split system. + +\- Launching the Better Air initiative, focused on increasing indoor air quality, a Covid play. + +**Weaknesses:** + +\- No concrete plans for expanding into emerging markets. + +\- Not known for the best reliability. + +\- Stagnating revenue and negative shareholders equity. + +\- Unreliable apps. + +**Johnson Controls** + +Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Building Solutions North America, Building Solutions EMEA/LA, Building Solutions EMEA/LA, and Global Products segments. The company designs, sells, installs, and services heating, ventilating, and air conditioning systems, controls systems, integrated electronic security systems, and integrated fire detection and suppression systems for commercial, industrial, retail, small business, institutional, and governmental customers + +Employees: 105,000+ + +Countries Active: 150+ + +Market Cap 32,898B + +**Key Points:** + +\- Launch of its open blue system. Giving customers total control over their building, temperatures, facial recognition ventilation, security, contact tracing and more all in the palm of your hand. (Seriously check the videos, really impressive). This is a clear Covid play and very well timed. + +\- Owner of York and a joint venture with Hitachi. + +\- Strong plans for Asian expansion. + +**Strengths:** + +\- Very good smart systems and mobile apps. + +\- Launch of it’s OpenBlue system. A digital platform to connect every part of your building. + +\- Using Covid to their advantage in launching products and services. + +\- Well aware of the need to expand in China/Asia + +\- Build a state of the art headquarters in China. + +**Weaknesses:** + +\- Many negative reviews on its Hitachi brand + +**Comparing the companies their financials.** + +TTM DATA + +|Million $|Carrier|Daikin|Trane|Johnson|Lennox| +|:-|:-|:-|:-|:-|:-| +|**Share Price**|34,93|18,85|129,22|44,40|288,09| +|**Div Yield**|0,94%|0,79|1,64%|2,34%|1,07%| +|**R&D Expenses**|402|652,8|237|319|69,60| +|**Revenue**|18,173|23,526|15,957|22,637|3,605| +|**Net Income**|1,812|1,351|965|802|358| +|**Cash**|2,704|3,559|1,303|2,805|37| +|**Debt**|12,029|5,316|5,573|7,219|1,354| +|**FCF**|1,982|1,877|1,182|1,459|633| + +&#x200B; + +|TTM|Carrier|Daikin|Trane|Johnson|Lennox| +|:-|:-|:-|:-|:-|:-| +|**P/E**|26,70|30,32|25,32|42,33|31,05| +|**EPS**|2,09|4,62|4,05|1,05|9,28| +|**Payout Ratio**|15%|3,25%|52%|99%|33%| +|**Debt/Equity**|0,55|0,82|1,80|1,03|1,03| +|**Term Cash/Debt**|\-|2,39|2|5,49|5,49| +|**Current Ratio**|1,33|1,88|1,28|1,36|1,36| +|**ROE**|12,5%|9,6%|13%|3,8%|3,8%| +|**Net Margin**|9,97%|5,74%|6,05%|8,39%|8,39%| +|**R&D/Revenue**|22,12%|27,74%|14,85%|14,09%|14,09%| +|**Interest Coverage Ratio**|28|23,63|7,09|2,64|2,64| + +&#x200B; + +|Revenue|2015|2016|2017|2018|2019|2020|TTM|CAGR| +|:-|:-|:-|:-|:-|:-|:-|:-|:-| +|**Carrier**|16,709|16,853|17,814|18,914|18,608||18,173|2%| +|**Daikin**|18,384|19,619|19,622|21,989|23,818|24,482| 23.526 |5%| +|**Trane**|13,300|13,508|14,197|15,668|16,589|| 15.957 |2%| +|**Johnson**|17,100|20,837|22,835|23,400|23,968|| 22.637 |7%| +|**Lennox** |3,467|3,641|3,839|3,883|3,907|| 3.605 |5%| + +&#x200B; + +|Net Profit|2017|2018|2019|2020|TTM| +|:-|:-|:-|:-|:-|:-| +|**Carrier**|1,227|2,734|2,116||1,812| +|**Daikin**|1,447|1,814|1,814|1,639|1,351| +|**Trane**|1,302|1,337|1,410||964| +|**Johnson**|1,611|1,128|1,076||802| +|**Lennox**|305|360|408||341| + +&#x200B; + +|NPM|2017|2018|2019|2020|TTM| +|:-|:-|:-|:-|:-|:-| +|Carrier|7%|14%|11%||10%| +|Daikin|8%|8%|8%|7%|6%| +|Trane|9%|9%|9%||6%| +|Johnson|7%|5%|4%||4%| +|Lennox|8%|9%|11%||9%| + +**Conclusion** + +First of all, I should start with saying that Lennox really shouldn’t have been included, they are on a completely different level than these 4 other companies. Also, Johnson had some fuckery going on in all their 10k’s so these numbers might not add up, let me know if you found something. + +Looking at the company’s financials and numbers it’s a tough decision to make, all companies a pretty close to each other. There are however some things that stand out: + +\- Carrier has a significantly higher NPM then the competitors. + +\- Lennox might be in financial trouble. + +\- Daikin spends the most on R&D relative to its revenue, I see this as a big plus. + +\- Johnson their revenue is growing the fastest on a 5Y CAGR. + +\- Johnson their P/E is much higher than the competition. + +\- Johnson their Dividend is the higher % wise + +\- Daikin has increased sales in 2020 while other companies have seen a drop. + +\- Daikin’s NPM is stable at around 8% while Carrier’s NPM has grown explosively. + +\- Trane has a high debt/equity ratio + +\- Both Carrier and Daikin have a very strong Interest coverage ratio. + +\- Johnson's TTM would be better without an irregular expense of 602M + +Now on to the less financial aspect of the data. + +I really like the way Daikin presents their annual report, they have clear strategies on how to better engage the Indian market. They are also showing that they know where their market growth protentional lays and are willing to act on it. Furthermore, what really strikes me as interesting is that Daikin produces materials for semiconductor testing, this might be a goldmine in the upcoming tech revolution and Daikin has shown to be well aware of this upcoming trend. Carrier on the other hand has not properly breached the Asian/Middle eastern market yet, they have stated to expand their geographical presence but I have found no conclusive strategies in how to do so. What is impressive about carrier is their high net profit margin and willingness to act on a more digital environment, an area where Daikin is currently lacking. + +To conclude this research properly, if I had to choose a company right now, I’d being going for Daikin. Their well-presented data and goals for emerging markets, combined with their semiconductor products make me believe they are most suited for rapid growth. Their geographical location also puts them in a better position for Asian dominance. And their Goodman sub brand is well known in America and a direct competitor to Carrier. Carrier is a close second, with impressive brand recognition and attractive financials. One thing carrier does well that Daikin does not is transport refrigeration. In my opinion trucking is going to play a much larger role when self-driving trucks start to appear. +* When the market crashes, GME is not immune to it. Negative beta this negative beta that, it doesn't matter. If SPY drops 15% over a couple days, GME is going down with it. + +The good news from a crash and why it's hyped is because as the longs liquidate their positions to cut losses, their collateral against their massive shorts become exposed. This takes time but eventually it will trigger a MOASS if nothing is done. It's my belief, the bigger the crash, the longer it'll take for MOASS to take place afterwards. GME could be down for a few weeks before liquidation occurs. Liquidation is an automatic process once it starts, boom. + +* Stop saying turning off the buy button was illegal. It wasn't. It was **purposefully** manufactured to do exactly what they wanted. + +The buy button was that last resort to oh shit fuckery. They knew what they were doing could cause catastrophic damage but at the same time, they **knew** they could just flip the switch and it was cascade their position into ATHs except apes didn't sell. The buy button was always planned in this scenario. What wasn't planned was apes holding. + +I mention the last part because I have no doubt in my mind that they will turn the buy button off again. You can tell me all day that, "that would ruin all faith in the US markets" or "they wouldn't dare." yea, ok guy. They will do it again because nothing happened to them last time. I say this because everyone needs to be aware that it's entirely possible it will happen again. + +edit: So many of you are saying this is my own personal baked fud hidden in an ape approved message. I say grow up. It would be incredibly naive to think "they can't turn the buy button off BECAUSE IT'S ILLEGAL!!!!!" like some of you are spouting; sure stopped them in January. Oh, and that lawsuit against them for collusion? Yea, they won that. +I work in cybersecurity in the civilian world and I’m also a reservist. I have 15years in the Navy. My civilian career has taken off and I’m making significantly more than the Navy will ever. I’m 5years away from being able to “retire” from the Navy but I won’t be able to collect the 1200/month pension until I’m 59 (20yrs away). + +Do I stay in the reserves making 400/month (working about 30/month)? + +Or get a second job where I could make significantly more? + +Is the pension worth it? +What I mean by "resembling a FIRE lifestyle" is: you get to choose your own hours, are not anchored to one location for a prolonged period of time, and don't report to a "boss". This is not a question about high-paying jobs that would encourage reaching FIRE quickly (although feel free to mention if your suggestion is high-paying). + + +Some examples I can think of include Uber/Lyft/Instacart driving, being a freelance writer or blogger, and sex work like escorting or pro domme-ing. Do you folks have more thoughts? +They are all doing cashbacks. + +Not because they have bleeding hearts but most likely because the government might intervene if they don’t step up. + +During the pandemic everyone continued to pay their premiums even though there was limited access for services to redeem your insurance. + +Private health insurances made a lot of money. + +Their action now is to get ahead of the outrage. + +The small giftcard offered by HCF to me is insignificant. And even more outstanding is the barrier to get back a refund. They have cleverly offered this in the form of a gift card hoping a signficant majority don’t go through the administrative process of claiming the giftcard. If it was genuine they would simply credit monthly accounts. +A couple months my mortgage got moved to a new company. With the stock market in such bad shape I decided to pay down on my mortgage a few months in advance. With the thought that I am preventing some of the interest from incurring and if I needed the money for something I could just stop paying early till the bill caught up. + +The new mortgage company sent a letter however telling me that if I want to have the early money prevent interest I need to call them and say that it is going to the principal, separate from my monthly payment. If I do not call them they will treat it as just money they are holding on to for me until it's due. + +I am still pretty new to the mortgage thing, but this seems off to me. + +Update: +Thank you all for the information I have received. I now know that mortgages do not work like credit card payments, and that if I wanted to kill my interest i would have to apply it to the principal which would not count as a early monthly payment. + +Going forward I will instead look for some low risk investments to put my little extra savings into. +Obviously nothing is full proof, but thought be worth having a discussion on what stocks, and sectors would be minimally affected by the Corona virus and an economic slowdown? I don't have a ton of cash on hand, but would like to deploy some in the smartest manner possible + +Here are some of my thoughts... + +'Safer' buys: +-Utilities; such as aqn, h, fts, enb. Regardless need hydro/etc even if quarantined and economy is crap. +-Advertisment based tech: Stocks like FB, Google, Twitter, etc. I can't see Corona having any effect on them. Same with an economic slowing, people will still be browsing their social media and Google searching the same. +-Construction companies; such as ARE. Not as confident with this, but we still need roads in either scenario, and during a recession the government could easily dump money into infrastrure projects to try and stimulate the economy. +-Residential REITs: IIP.UN, MRG.UN, etc: Regardless people need somewhere to live. Would stay away from commercial REITs though. + +Neutral buys: +-Telecoms, BCE, T, etc. If we're in quarantine these shouldn't be affected. People need entertainment. But during a recession, people will cut their cell/tv plans; if things get bad. +-Rail; CNR, CP. Still needs things moved but could get hammered in a real recession. + +'Bad' buys: +-Banks; RY, TD, etc. Maybe not bad, and they're going no where but as interest rates fall, I'm sure there profits will follow. +-Oil and Gas; HSE, SU, etc. I did buy some of these early January when things weren't as bad as now. But in a big slow down I could see them getting hammered and even possibly having to cut their dividend (hurting share prices even more). +-Consumer discretionaries and companies reliant on imports/China: Apple, automotive, travel, etc. These are thing that people can live without in a recession, and I think Corona could affect them due to quarantines/slowdown within China. + +Be interested to hear other people's thoughts on this. Whether you think I'm off the mark, or have other companies or sectors they'd recommend to buy or stay away from? +I wrote this in reply to a comment on another thread where someone claimed price withheld sales are usually stronger sale prices: + +Price withheld sales are likely generally weaker results than disclosed prices. +How do I know this empirically? + - I traced back through domain's auction clearance results in Syd between June 2018 and April 2021 taking 66 weeks of auction results between those dates. + - for each week I calculated the "price withheld rate" (PWR) of the sales in that week. E.g. if there were 1000 sales at auction and 150 were sold with price withheld then the PWR would be 15%. + - for each week, I calculated the forward 90 day percentage growth in Syd's hedonic index (I know the hedonic isn't perfect, but it gives a read on subsequent Price growth / falls following auction weeks). + - I calculated the correlation between the weekly PWR and the subsequent Price growth / falls over the subsequent 90 days which came out at -0.46. i.e. a higher rate of price withheld results is associated with lower subsequent Price growth as measured by Corelogic at a city-wide level. + - for each additional 10% in price withheld results, on average the subsequent 90 day price growth was lower by -1.9% (determined with a linear regression). P value for significance was 1.8% which is pretty convincing on only the 66 weeks of data I scraped (would be higher if I could be bothered manually scraping more data but this isn't my day job). + +Why does that make sense rationally? + - agents have a vested interest in making the market appear strong to convince more sellers into the market. + - agents are in a position to influence vendors to list their results as "price withheld". Note I am speaking generally, every case is different but there is definitely a systemic conflict of interest. + +Why did I do this anyway? +Because I have way too much spare time and was curious haha. +Today was a crazy ride, and we've all been following the action the entire time. My opinion is that unless I can find compelling evidence that the squeeze is truly done for and off the table, my conviction has only grown stronger. + +Most important things that stick out, all of which really build a case that must not be dismissed: + +1) If shorts have covered, we should have noticed reasonable strong upwards momentum, as buying pressure consists of short covering along with retail buying, and a limited float. + +2) Past few days we've seen trading volumes below average, likely suppressed demand caused by broker restrictions on buying. Lower volume can make any dump pull the price down easily. Especially when the demand side is getting locked out. Have to mention the timing of which Robinhood locked buying last week as well, coinciding with a massive dip. + +3) Look at [this image](https://preview.redd.it/dralf2uks4f61.png?width=1900&format=png&auto=webp&s=52223e916aacb4f65681da1cfe4f5e1ade7cea30) + +Notice how AMC & GME have almost identical candlesticks, and the same is in the BB-NOK pair. It is undeniable that a lot of people are buying this stock and holding this stock. Not just in America but all across the world. We have global support. +You would think that with this many people in the trade (whether they are on the buying / selling side) we would see greater variance. This correlation to me looks like obvious manipulation by higher frequency and higher volume algorithmic trading. +It's hard to look at these charts and say that this is natural supply and demand. Seriously, same candlestick patterns on unrelated stocks. This price action is influenced by targeted manipulation to a high degree. Even if people were really selling off like crazy, wouldn't we see more natural candles? + +4) We have mainstream media (MSM) covering the "reddit mania" extensively. MSM says reddit is trying to squeeze silver, which is false. You will not find anyone pushing to buy SLV on reddit. In fact, you will see a warning about silver and how many HFs have long positions in it. + +5) We've seen an influx of bots on social media (reddit, FB, twitter) promoting silver, spamming that GME squeeze is finished, diverting attention away from the more uninformed audience. Why? If it's finished why the need for these? + +6) MSM says the short squeeze mania is over and shorts have covered. If that is true, why are we seeing trade restrictions still on more and more brokers, and nonstop coverage all over TV and the internet. If it's over, why are there so many articles bashing retail to stay away? + +7) GME is an outlier in the "failed-to-deliver" statistic, and has been put on NYSE short restriction (uptick rule). Something fishy is going on with the shares in the float. + +8) SI% numbers are very conflicting. Especially the numbers that came around 30-50%. It was then later mentioned by someone in S3 that a different calculation was used. If you convert to the old calculation, you still get over 100% SI%. Why are they trying to change it all of a sudden? + +To me, this is enough to say we're still in the game. If it's over, let them prove it by crushing GME to $20 and on February 9th we hear the official SI% being low. Then it's finished. Something tells me that it's not over, and this is all a ploy to mitigate the damage they are about to receive when GME eventually triggers the MOASS. + +Can't say for sure it's a 100% trip to the moon and beyond, but what's really suggested otherwise? This whole misinformation campaign + price manipulation combo is too important to dismiss. + +Remember I'm retard and please make your own financial decisions. This post is based on my observation and speculation. + +Position 50 shares GME $210 + +🚀💎🙌 $GME to the moon 🚀💎🙌 + +**TL;DR** - *YES THERE IS LIKELY TO HAVE BEEN A SQUEEZE LAST WEEK, BUT WHAT WE HAVE BEEN SEEING LATELY SUGGESTS THIS IS NOT OVER! MOASS IS POSSIBLE UNTIL PROVEN OTHERWISE! WAIT FOR ACTUAL CONFIRMATION BEFORE THROWING IN THE TOWEL!* + +edit: by volume I'm simply referring to CNBC's 10 day average volume (96m) +[Beyond the Bitcoin Bubble](https://mobile.nytimes.com/2018/01/16/magazine/beyond-the-bitcoin-bubble.html?referer=https://www.google.com/) + +This article does a great job of tackling what is the blockchain. This is about a month old, however very relevant. The price of the various cryptocurrencies (more formally known as "cryptographically secured digital assets" which don't all behave like currencies at all) is mainly that which we see rather than the underlying tech we want to see. +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 daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. 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You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +I got suckered in trying to buy RFT before that last bump. Im a major spastic and thought I could buy and sell quickly through the commbank app.... + +Didn't think my buy orders were going through so kept placing more. Anyway after 3 attempts at 10k they execute and I end up holding bags at 71c for 417k shares. + +Looks like it might finally pay off now but. Hopefully doesn't crash to bad tomorrow 🙏 +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +While my current algo continues to give money to the hedgefunds i was thinking about trading strategies with popular etfs like SPY and QQQ. + +&#x200B; + +Is it viable to scalp these stocks? a couple of my observations + +&#x200B; + +1) No earnings compared to regular stocks + +2) Micro movements compared to other stocks percentage wise + +3) ETF's are generally a function of the market as a whole, so I don't think the price movements are influenced greatly by scalpers +This got way more attention then expected. Just want to also say this is not a hold problem any more this is a exclusive buy. Until you literally can’t fucking afford it. This is about your freedom and not being a slave at this point. If they continue to allow this fuckery then will be risking more then their money. + +If retail doesn’t win this one time the market is a complete fucking fraud and the only way for change will be the inevitable anarchy that follows. The fact that everyone isn’t is the streets screaming buy fucking gme at the top of their lungs is unreal. + +Call me stupid call me whatever you want. But if you don’t see the gravity to the situation then you are a fucking slave to this tiny dicked pricks. I fucking promise you I will die before I lose this fight. I rather cut my cock off then even look at the sell button I buy four to five shares a day and am a 4x holder and know a plethora of other 4x holders. + +The constant over buying the short volume ratio daily over 50% and no one does a fucking thing. And it’s international. It is blood boiling these fucking cunts. + +I promise every single ape here I will never give up the fight against injustice period. Never. I rather die. + + +Fuck these tiny dicked cucks. + +Mostly you Ken put it on your mother you will lose this fight one way or the other. +RC is a genius for many reasons you all know. As a boss, it's not only important to know whom to hire but also what you're hiring them for. This is where Randy Teele (VP of Worldwide Refurbishment and Warranty at GameStop) comes in. + +https://preview.redd.it/9kxqj0nl3ib81.jpg?width=1170&format=pjpg&auto=webp&s=a3cc591078901f7b1fe25cf7cc400c6487a6241d + +https://preview.redd.it/e4wabsy44ib81.jpg?width=1170&format=pjpg&auto=webp&s=d868b93465a2582b26078be48de7b69a2b48fbc6 + +As a shareholder of GME, I was extremely happy with the addition of iPhone products to GameStop last year. Given the global chip shortage and slowdowns in China manufacturing due to covid I would argue that the refurbished market is poised for explosive growth. According to Patently Apple, data shows that Apple products have a 44% market share of the global secondary market. + +https://preview.redd.it/afb2l29o4ib81.png?width=1168&format=png&auto=webp&s=5e6f6e41f5f4738513f05ea54d26c8ba5cee5317 + +Based on some research today I came across Back Market, a Paris-based marketplace that recently raised $335Mn from investors such as Goldman Sachs and LVMH Bernard Arnault's family office (source: [Forbes](https://www.forbes.com/sites/iainmartin/2021/05/18/back-market-raises-335-million-to-grow-refurbished-gadget-marketplace/?sh=310771df56d6)). The company is currently valued at $3.2Bn and the estimated TAM for refurbished electronics is $80Bn. + +&#x200B; + +https://preview.redd.it/n7sk77z86ib81.png?width=1812&format=png&auto=webp&s=50d31908fd13c79d7e3bbd9d54b28b235dde2aef + +In another article, it is mentioned that 84% of Back Market's products sold are Apple products (source: [Forbes](https://www.forbes.com/sites/vianneyvaute/2019/10/01/refurbished-is-the-future-for-the-world-but-also-for-tim-cook/?sh=191541a73d52)) + +https://preview.redd.it/da1hwswr6ib81.png?width=1518&format=png&auto=webp&s=8baa46f36c8201022e78729426d6c138b1262081 + +There are some interesting stats in the second referenced article. It's a fact that many people desire Apple products around the world and a discounted refurbished product is what entices them to give Apple a try, or GameStop a new customer. Pre-owned iPhones and video games go hand in hand and is a strategic expansion into the greater electronics industry. By adding another gaming device to its inventory, GameStop also increases its influence with game developers and publishers. + +In conclusion, the price is fake. GameStop's growth is unstoppable with RC and key talent hires like Teele. + +edit: Black Market changed to Back Market +**What is a DAO?** Standing for Decentralized Autonomous Organization, a DAO is an internet-native blockchain-derived investor-directed venture capital fund organization managed by all members. At its core they have an objective to provide a decentralized business model for all future enterprises. Mark Cuban called them “the ultimate combination of capitalism and progressivism.” + +One important aspect is that all code is open-source. This is done with the aim to eliminate human error, manipulation, and third parties, by having an automated crowdsourced process of decision-making. Unlike a company, DAOs have democratized organizations allowing all members to vote for any implemented change. The DA organization is represented by transparent computational rules, secured on the digital ledger across the internet, hardened against forgery by timestamping, and disseminated as a distributed database. The DAO is controlled by the members; no managers or basses are needed. + +>Bitcoin in essence is the first fully functional DAO with programmed rules and functional autonomy through consensual protocol; the miners and nodes signal voting through support. + +**DAOs need four things really;** + +* A set of rules, +* A funding token, +* Voting right provisions, +* A clear structure & roadmap + +|**DAOs**|**A traditional corporation**| +|:-|:-| +|Flat hierarchy.|Hierarchical.| +|Voting required for any changes.|Changes demanded from sole party, voting may be offered.| +|Voting outcome implemented automatically.|Tallied internally and outcome handled manually.| +|Services handled automatically in a decentralized manner.|Human handling, centrally controlled automation, prone to error and manipulation.| +|All activity transparent and public.|Activity private.| + +**Creation of a DAO:** + +* Step one; create a smart contract that once launched the rules can only be changed by coded governance system. +* Step two; sources of funding must be determined and governance must be engaged, typically funded via token sale that come with voting rights. +* Step three; deploy smart contract on the blockchain from which point onward stallholders will decide future organization. The dev(s) have no more influence than any other stakeholder. + +&#x200B; + +**How can I join a DAO?:** Just invest in their token, and boom, you’ve joined. The smart contract token you just bought establishes the DAO’s rules, most likely you have to stake the token or another in the DAO to get voting rights and influence operations. This is typically done by deciding on and creating governance proposals. The fact that you need to stake to create proposals is to prevent spam proposals, and only (typically) proposals will pass if a majority of stakeholders approve (different percentage majority per DAO; specified in the smart contract). + +**What’s the point? Where is the need?** Are we all not internet native, or soon will be? DAOs are internet-native organizations with technological advantages compared to traditional companies. They have and establish a higher level of trust then say, the classical corporate hierarchy. Only the open source code needs to be trusted which is transparent thus auditable and verifiable at any time. This solves the economic principle-agent-dilemma where there may be a conflict of priorities between a group and those making the decisions for the group. The answer is community governance where incentives are aligned. There are charity DAOs, ones for NFT investments, for funding projects by Black women and non-binary artists, for funding women and non-binary crypto founders, some are exclusive social clubs, and others are for-profit business applications. I’ve even seen freelance DAO networks of contractor. + +>**Examples of DAOs:** Aragon, MakerDAO (MKR), DAOstack, DASH, JennyDAO, Jelurida, SharkDAO, DAOhaus, RaidGuild, Proof Of Humanity, Opolis, BanklessDAO, MolochDAO, + +**Downsides of DAOs:** No organization is perfect, decentralized or autonomous or not. This is extremely new technology that continues to attract criticisms over legality, security, and structural issues. As a DAO can be distributed across multiple jurisdictions, there is no legal framework. One may have heard about ‘The DAO’ crashing, as back in 2016. ‘The DAO’ was launched on Ethereum and raised $150 million in ETH (largest crowdfunding effort at the time) but a few days later developers expressed concern about a bug that would allow malicious actors to drain funds, and while a proposal was set forth to fix it an attacker took $60 million worth of ETH. At the time, 14% of all circulating ETH was invested in ‘The DAO’. Chaos ensued and a hardfork was implemented on ETH. Those who disagreed moved to support an earlier version of the ETH network, which became known as Ethereum Classic, or ETC. Point being if any gaps in the contract framework aren’t closed before launch, it can lead to potential theft and money loss. *There is no such thing as a fully D & A organization.* Depending on governance, there are only various levels of decentralization. While the network may have independent but equal network actors, the smart contract rules themselves will always be a centralized loss of direct autonomy; architecturally and geographically decentralized yes but logically centralized on the protocol. Upgrading of code is often delegated to experts who understand techno-legal intricacies of code and are therefore a point of centralization. + +**Future of DAOs:** Despite the potential for DAOs to revolutionize the industry, and be a disruptive force to corporate structuring as a whole, they face security and legality issues. As we all know the SEC claims some blockchain based companies might have made illegal offers of unregistered securities. There is also a lack of understanding about cryptocurrencies from new investors, not to mention the technical competence one needs to understand the computational infrastructure and consensus mechanisms within the smart contract to feel good about investing in it. It’s not all bad though, Wyoming just became the first state to recognize DAOs as legal entities. DeepDAO says there are about 181 DAOs, with an ecosystem’s total assets under management (AUM) of $13.4 billion. + +Somewhere, in some business boardroom, people are trying to figure out how to integrate self-driving cars into DAOs of autonomous taxi drivers. You order an Uber and it comes, no company, just code. +California, USA + +I filed my state and federal 2013 in 2017 within the 3-year deadline. My federal refund was large, 5 figures, due to an electric vehicle credit. + +I had a situation with my former employer who gave me a signing bonus of $10,000. Taxes were withheld and the check I received was for $5,612.00. Neither the signing bonus nor the taxes were reported on my W-2. Is wage theft as sexy as tree law? + +I spent about a year emailing back and forth with people in the company and they seem unable or unwilling to correct the situation. I contacted the Department of Labor Wage and Hour Division, they said they don't deal with things like this. I contacted the IRS, they said that they don't take reports about tax fraud (seriously). I contacted several other federal and state resources as recommended by the various departments I spoke with. Eventually, I ended up in a loop of referrals with every department directing me to a department that already said they wouldn't assist. + +I gave up on the company fixing this and lost all faith in government enforcement of the law. I filed my taxes anyway so I wouldn't miss the statute of limitations on claiming a refund. Under the advice of the IRS, I + +* filed my taxes using a 1040, +* a 4852 Substitute for Form W-2 that reported only the bonus at the full $10,000 and listed the various withholding amounts that I was provided with using an online calculator, +* an 8936 Electric Drive Motor Vehicle Credit, +* a 2106-EZ Unreimbursed employee business expenses (professional expenses, unrelated to the bonus), +* a 4562 Depreciation and Amortization (also unrelated to the bonus), +* a letter describing the situation, a image of the cancelled bonus check, calculations showing how I estimated the withholdings on the 4852, a copy of my employment offer that stated the signing bonus amount, proof of employment dates, and a printout from the online calculator that showed the estimated withholdings that matched the exact amount that was withheld, +* and, mailed to a different address, an 843 Claim for Refund and Request for Abatement. + +Everything was mailed certified mail with return receipt. The return took many months to show up in the IRS system. Then I was not processed for a long time and IRS agents said they needed more time. Then after about a year, without notice, the IRS closed the file due to them claiming the taxes were filed many months past the SoL. + +I remailed everything from above with an additional second letter now explaining why I was mailing them in again, the certified mail proof of mailing and the proof of delivery return receipt from the first submission of the taxes, the certified mail proof of mailing and the proof of delivery return receipt from the first submission of the 843, and a copy of the 843. The IRS agreed that I had submitted the taxes timely and started to process them. + +Months went by and every several months I would receive a letter stating that the IRS needs more time to process the return. It's now been about a year since the resubmission and about 2.5 years since the mailing of the original submission and I still don't have my refund. + +The IRS says to keep waiting. Nothing appears to be happening with my return. The IRS won't provide any details if the delay is because they are finally pursuing the company that. + +1. I'm unsure if I will run into another timelimit that will allow the IRS to never issue my refund. +2. I'm unsure if I should file a form or letter to help expedite my refund. +3. I'm unsure if I should be contacting a CPA or attorney to handle this matter. +4. I have been issued a state refund but the refund amount was lowered due to the FTB removing the bonus paid and taxes withheld from the amount, should I contest this? +This is probably the shallowest thing I’ve ever asked the internet but here we go : I’ve hated every single garden hose I’ve ever owned. And that includes the two newer retractable ones that started leaking after 5 minutes. Does the Ferrari of garden hoses exist out there?? Or am I condemned to be slightly annoyed with watering plants for the rest of my days? I’m obviously aware that this is the epitome of a first world problem, still this my quest of the week. +I've been thinking lately about the mechanisms and philosophy of the market and I'm trying to imagine how I should frame this in my mind. + +There are a lot of people nowadays who say something to the effect of "workers deserve a fair/living wage," and my general thoughts about this have been that people are paid generally in line with how much value their work creates - meaning that if a certain job pays a low amount of money, it's because the amount of value created by the worker is low. (I'm ignoring things like bargaining power for the sake of this example) + +That being said, I've been thinking about this lately in terms of market mechanisms. Generally a CEO is paid significantly more than a cashier, and I've been telling myself that this is basically because the actions of a CEO have significantly more impact on the operations of a company than that of a single cashier. i.e. the marginal product of a CEO is significantly higher. + +While this is true, is the pay of a CEO commensurate to the amount of value they create, or is it based on the scarcity of the labor market for CEOs? For instance, if 1,000x more people in the world went to school and developed themselves professionally to equip themselves with the skills of a typical CEO, wouldn't the average pay of a CEO be significantly lower just by virtue of how many people are lining up to do the job? + +It seems to me that pay is not commensurate broadly with how much value a position generates, but entirely with how many people are competing for various jobs. If there were as many people with engineering backgrounds looking for a proportionate amount of engineering jobs as there were cashiers looking for cashier jobs, wouldn't the pay of engineers be essentially the same as that for cashiers? +Google says 836 063 VEF per year, which is 1.82 USD, which is absurd. The second Google result says "10174.48 VEF/Month" which is 2 cents a month, which is also absurd. Salaryexplorer.com says "132,000 VES a month" which is 28.8k USD. Yeah, sure. Then I read about a Venezuelan who was making $5 a month in 2019, which is still ridiculously low, but most realistic out of all these numbers. +Hey guys, Long term lurker first time poster + +&#x200B; + +I am a CEO/CFO of a small-midsize regional hospitality chain (\~45mm in revenue.) Old family business that I have been running since my dad passed away 8 years ago. We have around 400 employees and manage a chunk of commercial real estate. I've led a few major renovations, construction projects and purchases of smallish real estate deals (<5mm). Due to the family nature of the business I also have a working knowledge of estate planning/law. + +Although things are going well and numbers are stable, Covid has taken its toll mentally. I am ready to transition away from this business into other areas. I am a quick learner and have a B.S. in ECON, but don't have the background of many on this board (tech/finance). Has anyone made the move from one industry to another? How did you make it happen? +TLDR: 33M, 800k NW, negotiated a half time job (6 months on, 6 months off) to allow for traveling. I'm stoked! + +Wanted to share my tale, as I love reading success stories and my journey has some twist and turns. Some details are obfuscated to protect my innocence :) + +### Some Background +2004 - Start in internship (during transition between High School and College) with a large defense contractor. My salary for an intern is great ($18/hr) and I'm given retirement benefits. Immediately start sinking 25% into my 401k. + +2008 - Graduate college with a degree in Engineering. The job market sucks, and I take a few months off to backpack around Europe and Africa. + +2009 - Come back to my HCOL city and start working as a government contractor. Salary is $55k. I'm fortunate to have the option to live with my folks so I can save up. + +2010 - Switch job/company for a new salary of $63k. + +2011 - Internal job change to $68k. + +2012 - Switch job/company to $80k. + +2013 - Buy a 1 BR cooperative in in the downtown area. The building is old, and the coop fees are high, but I love the location and the neighborhood. $229k purchase price with 20% down @ 3.75% interest nets me a mortgage at roughly $850/mo. All cooperative fees + additional costs add roughly the same, for a total monthly payment of $1700. + +2014 - Internal job switch. Base salary stays the same, but I get ~$20k in commission, bringing my total to ~$110k. Get married. Luckily decide to keep our finances completely separate, which was a great idea, because... + +2015 - Get divorced. I decide to take a sabbatical in Q4; what was intended as 1 year off balloons into 2 years. I spend a year camping through Africa, 6 months in the Indian subcontinent, and 6 months thru-hiking the Appalachian trail. These were the best 2 years of my life. Total cost abroad for the 2 years was around 40k. When I return, I find that my NW is about the same as when I left. + +2018 - Find a new job with a salary of $132k. My two year sabbatical, surprisingly, does not seem to be an issue at all. + +2019 - Find a new job with an F500 company. Lower base salary, but new company allows me to do mega backdoor roth, and there are stock incentives. Total cash comp ~135k. Over the next ~18 months, my company 401k is over 100k. + +2020 - Get fired; with COVID happening decide to join a family member for a ~3 month camping road trip out west. Think a lot about what I want my life to look like, and how I can build that life. + +### Where I'm at now +* Mortgage down to ~$156k. With appreciation, my place is now worth around ~375k. (Have not refinanced, still at 3.75%. Coop fee is now almost exactly $1k/month, but this is my "all in" cost - includes all utilities, taxes, insurance, etc.) +* 205k in Betterment @ 100% stocks in default allocation +* 200k in an IRA @ 100% stocks +* 140k in a Roth IRA @ 100% stocks (I took serious advantage of the megabackdoor roth with my two years available) +* 13k in a solo 401k +* 6k in an HSA (invested) +* ~20k sitting in cash (for now) + +### My Living Expenses +I don't do a super good job tracking living expenses, but I live a fairly simple life. My main hobbies are weightlifting, bike riding, and reading. My total household costs are roughly: + +* $1850/month housing +* $250/month food +* $30/month cell phone bill +* $30/month transportation (bike share + public transit; no car) +* $45/month gym membership +* $300/month everything else (hangouts with friends, apartment stuff, clothes, etc.) + +At my current salary, I'm able to comfortably save between $5k-6k a month. + +### Back to the story... +While on the road with my brother (this is over the summer, Jul - Sep 2020), I find two candidate companies and take interviews from hotel rooms in between camping under the stars. I'm trying to figure out how to best balance my love for the outdoors with "professional" jobs that allow a couple weeks off, at best. I know I don't want to go back to working full time, but I don't really know how to go about navigating the situation. + +I take one final round interview, which goes really well. This is how the conversation goes: + +> Boss: OK, cool, the interview is over. That went well. We want to hire you. +> +> Me: ...Huh, what? You've decided already? +> +> Boss: Yeah, let's talk about what that looks like, if you want to work here. +> +> Me: ....Uh...yeah, sure. I mean, the company sounds awesome, but I'm not sure it would work out... +> +> Boss: Oh, why not? +> +> Me: Well....I don't think I want to work 12 months a year. +> +> Boss: OK. Not everyone here works full time. What do you mean, you don't want to work 12 months a year? How often do you want to work? +> +> Me: Uhh....I'm not sure? Maybe 6 months on, 6 months off? (I could feel my sphincter tighten up as I asked for this. I was totally unprepared for this conversation!) +> +> Boss: ......We can accommodate that. Any other big issues? + +I was shocked how easy it was! There was almost no push back, and no negotiations on my desire to work only 6 months a year. Luckily, I work as a consultant where projects are typically 6-9 months long, so this ask isn't as crazy as it sounds. We spent some time negotiating what the offer looked like, considering the unusual circumstances, and we settled at $75/hr 1099. + +### What the Future Looks Like +I'm super excited to have the flexibility to travel six months a year, and I know intellectually I shouldn't need to save any additional money to retire at ~60. I'm also extremely fortunate to work in a field where I love going into work every day. I plan on doing a lot more "long hikes" - the Pacific Crest Trail, the Te Aroroa, some hikes in Europe - as well as more backpacking/camping trips. + +In terms of finances, I should bring in 12.5k a month * 6 months = $75k. I haven't run all the numbers, but as a 1099 I should be able to shelter a ton of money from the IRS: + +* $19.5k 401k +* $~12k 401k ("company" match) +* $3.5 k HSA + ~3.6k in health care costs (Bronze Plan as a Single person) +* $6k IRA +* $~12k (20% passthrough as a sole prop) + +So self employment tax notwithstanding, my federal and state taxes should be quite low. + +### The Elephant in the Room - My Apartment +Every time I run the numbers, paying nearly 2 grand a month for my apartment seems crazy, especially if I only plan in living in it 6 months a year. Unfortunately my HOA rules do *not* allow renters for terms under one year. + +Another option I've considered is selling my apartment, and using the proceeds to either pay all cash for a place in a lower COL (Las Vegas? Charlotte?) and never worry about a mortgage again, or possibly try the digital nomad life for a year or two. + +In the short term, I think I'm OK holding it. When I travel overseas, I usually travel quite cheaply - either camping or staying in hostels, eating street food, walking around a lot, things like that. Even if my annual expenses balloon a bit, I would feel very comfortable pulling ~10k/year (5%) from my Betterment account to cover the delta. The other option, of course, is to work 8 or 9 months a year for a couple years if I'm drawing down my Betterment account too fast. + +### Wrap Up +I've been super fortunate with my life, and I'm really excited to see how the next phase unfolds. Please let me know what you think! + +### EDIT - FOLLOW-UP Q+A +*Q: You had help!* + +A: Yes, I thought it was so blindingly obvious that I didn't get here alone that I wasn't super explicit about that. I thought the most interesting part about this post was my desire to go half time, and how that unfolded, but I see in retrospect adding in numbers makes everyone wants to run their own calculation. + +*Q: What help did you get?* + +A: **My grandmother died in early 2019 and left me ~$70k.** This *absolutely* impacted my decision and probably moved my decision up 12-15 months. College was paid for. Leveraging family connections to get my first internship. I also kept about ~10k in cash wedding gifts even after the divorce, but that was mainly out of spite, so let's not dwell on it :) + +*Q: The numbers still don't make sense!* + +A: Technically that's not a question, but yes, they do. I'm not sure where some of the commenters were getting an "estimated NW of 300k running the numbers", but here's a more granular breakdown. These are estimates, I don't have everything tracked super well. + +Years | Yearly Cash Savings | Total Cash Savings | S&P Index Then | Equivalent $ Now | How? +---|---|----|----|----|---- +2004 - 2007 | $4k | $16k | ~1300 | ~40k | Interns were eligible for 401 (+match). I took advantage of this, heavily. I also worked during winter break, so it was more than just 3 months/year. +2009 - 2012 | $25k | $100k | ~1300 | ~250k | I was living at home, with my folks. Expenses were close to zero. My savings rate some years was probably over 80%. $25k/year is lower than I saved, I excluded the ~12.5k/year * 4 years that went towards my down payment. +2013 - 2015 | $40k | $120k | ~2000 | ~200k | By 2014 I cross into 6 figures, these savings rates are not that impressive +2018 - 2019 | $60k | $120k | ~2800 | ~140k | Megabackdoor Roth, primarily. + +Total "stock equivalent" savings = 40k + 250k + 200k + 140k + 70k (from grandma) = $700k in stocks. My actual holdings are less. The lion's share of this delta is when I pulled out $40k between 2015 - 2017 to fund my sabbatical, which has a total "cost", with gains, of closer to $65. (I also pulled out smaller amounts throughout the years for other trips.) + +*Q: There's an error in your math!* + +A: Yeah, probably. It's not intentional. + +*Q: It's impossible to buy a house for $230k in a HCOL!"* + +A: I agree that it's probably impossible to buy an apartment in 2020 in a HCOL for $230k. I bought in 2013, and I technically didn't buy an apartment, I bought a cooperative. These are similar, but coops are typically more depressed in value than apartments because of restrictions. I also bought in what was a lower income, more racially diverse area, so gentrification (and therefore house prices) hadn't quite caught up. But yeah, I got an absolute steal of a deal, if I do say so myself. + +*Q: So you took 2 years off, spent about $40k, and when you came back, your net worth was about the same? Please, explain the magic of compound interest!* + +A: For sure, my dude! I *think* I had about $350k invested in the market about that time. I pulled out about $40k, leaving me $310k. My sabbatical was almost exactly 2 years, Nov 2015 - Nov 2017. In Nov 2015, the S&P index was at ~2020. When I came back in Nov 2017, the S&P was ~2600. That's about a 30% gain. (350 - 40) + 30% > 350. Go, compound interest! (This excludes the ~8k I gained in NW by renters paying down my mortgage for me.) + +[Edit #2] +*Q: You don't understand what "compound interest" is, you noob!* + +A: lol + [https://vancouversun.com/commodities/agriculture/fake-meat-is-no-laughing-matter-plant-based-protein-will-be-worth-85-billion-by-2030/wcm/b0454a95-64ef-4f49-8a2d-65f94a0f0eb5](https://vancouversun.com/commodities/agriculture/fake-meat-is-no-laughing-matter-plant-based-protein-will-be-worth-85-billion-by-2030/wcm/b0454a95-64ef-4f49-8a2d-65f94a0f0eb5) +TL;DR - My motivation to FIRE has taken over my life to the point where I'm having a hard time enjoying spending my money or the simple joys and journey of life because I see every decision as either helping or harming my ability to FIRE. + +\----------------------------------------------------------- + +I discovered FIRE about 2-3 years ago after a friend posted an article to a blog post from Millenial Revolution. Luckily enough, I had made some of the right decisions already (i.e. paid off my student loans, contributed to 401k up to match), but after I discovered FIRE and calculated that I could retire early in 7 years, I started to aggressively save, dumped every spare dollar into index funds, and lowered all my expenses. + +I hit $500K in net worth last month and it was a satisfying number to look at, yet as I was scrolling through old photos of myself from 5-7 years ago, I realized I wasn't necessarily happier for it. Over the past 2 years, I realized I've become more annoyed with work, and paralyzed or fearful of making any decisions that jeopardize my ability to FIRE. In the past, I would happily book an expensive, peak-season flight to an international country, buy a new camera just because I wanted it and I would be driven and motivated at work, exhibiting all the behaviors I needed to land that next promotion. + +But since discovering FIRE, I haven't taken any international trips, haven't bought anything that's expensive yet could further my hobbies or interests (e.g. new camera for photography, roof rack for car), and outright stopped caring about work to the point where my attitude towards it has become bitter and resentful. I figure if I just coast at my job for the next few years, I'll hit my FIRE goal within 5-7 years. But it is actually out of character for me to care so little about my career and feel so apathetic. My coworkers are pretty surprised and baffled at my apathy towards work. + +I'm seeing every single decision I make is either for or against achieving FIRE. Have a baby? But that might push out my FIRE date. Buy a house? It would be a dumb decision in NYC based on all the blog posts I've read. Hold a wedding? How many more years will I need to work? Buy a new laptop? But that's $XXXXX lost if I invested it in the market instead. Get a new job? Why bother, I just need to suck it up for 5 more years. Etc. Etc. + +Now I'm wondering if I would've been happier if I didn't discover FIRE at all... If I was ignorant? I see some friends who have no idea what FIRE is happily enjoying their money and their life and I am jealous of them. I feel like it's become a mental restraint I've placed on myself. And these next 5 years feel like they're going to be pretty miserable until I can hit my FIRE #. + +Any suggestions on how to break out of this mindset would be appreciated! +I am trying to not become unemployed during a financial crisis for a 3rd time in my life. + +I have a house worth 700k in Seattle and that's only the current value, they are building a light rail in walking distance from my house to downtown Seattle to the Northgate Mall and up to the Lynnwood Mall and the property rezones in 2031 for townhome mixed use construction so the property is a gold mine in my opinion. + +I was in an accident a few years ago that resulted in a spinal burst fracture and my wife became disabled when her fibromyalgia we didn't know she had kicked in during a period of high stress at work so we have like 1.2k a month income from that guaranteed. + +I want to take my house and turn it into 2-4 houses in a more rural part of the area like Kent or some places down south we have workers driving to jobsites from 2 hours away daily all year round. + +So if I can use my house to buy outright then rent them out at 1k to 1.5k a piece if that so we make enough to put away for if our renters ever can't make rent we can help them wait it out. + +With that income stream I want to open my own electrical shop and pay better than union wages plus benefits and see what happens. + +I worked for a guy for 2 years that told me owning an electrical shop isn't a license to print money but he makes 5k a day and the first shop I worked for had owners I never met because they were always on their yacht apparently. + +My last employer is a millionaire as well and he shook my hand told me he understood that my life had been tough and he valued me and I would never have to worry about lack of work again if I stayed with him now I am unemployed less than 6 months later. + +I am highly motivated to prove that being a business man doesn't mean you have to be rich off the backs of your workers and anyone that can give me advice to achieve that I will be very grateful. +**This is not financial nor investment advice. These are ideas and opinions for information purposes only.** + +*This post will read bottom to top. It's easier for people to refresh the page and see edits at the top* + +**Historical supports and resistances:** + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 156.5, 158.5, 162.5, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 230, 234, 243, 250, 253, 256. + +**Edit 13 4:00PM:** + +Ending around 154.49, down 1.25%. Overall the 2nd lowest volume day since Jan. + +Have a great weekend everyone! + +**Edit 12 3:29PM:** + +We're on track for being the lowest volume day (less than 4.7 million) since before the Jan spike. + +**Edit 11 2:43PM:** + +2 hours of low volume lmao. ZZzzzzz. Hopefully we actually get some "power" during power hour. + +Power hour: [https://www.youtube.com/watch?v=F6XoLaWv-Js&ab\_channel=WardenElite](https://www.youtube.com/watch?v=F6XoLaWv-Js&ab_channel=WardenElite) + +**Edit 10 11:55AM:** + +Price is staying above the resistance for the wedge. + +https://preview.redd.it/8y73t0na5kt61.png?width=2150&format=png&auto=webp&s=04c962b0eb6669b2d8b237452590578c7122a852 + +**Edit 9 11:50AM:** + +\-----------> + +Perhaps midday and power hour, we'll see the fireworks. + +**Edit 8 11:19AM:** + +Head and shoulders. + +https://preview.redd.it/c3jo87mtyjt61.png?width=2144&format=png&auto=webp&s=944ae7271d498be8ab8f4f3e9aa66c36e19732a8 + +**Edit 7 11:05AM:** + +New resistance added at 158.5. + +**Edit 6 10:47AM:** + +Moving up on low volume. Nothing significant happening yet. + +**Edit 5 10:26AM:** + +Nothing really happening so far. A couple 160 and 200 strike Calls sold. Probably sold to close or covered calls. + +https://preview.redd.it/px4bu3kepjt61.png?width=2487&format=png&auto=webp&s=cc8712f6144c0b52dc6377befa263ceffe7f0363 + +**Edit 4 9:51AM:** + +Bit of a wedge forming. + +https://preview.redd.it/mkck1yz3jjt61.png?width=2144&format=png&auto=webp&s=ca2a502082b3bdf07b1b5a46132ba41a1a033ce8 + +**Edit 3 9:38AM:** + +Stream: [https://www.youtube.com/watch?v=TBaCp\_5NNXw&ab\_channel=WardenElite](https://www.youtube.com/watch?v=TBaCp_5NNXw&ab_channel=WardenElite) + +**Edit 2 9:37AM:** + +Bouncing between the 152.5 and 157 channel. + +https://preview.redd.it/nghqwkjogjt61.png?width=2131&format=png&auto=webp&s=7512ba6f2d50a2fbbe759b09fa006ca2be1e50eb + +**Edit 1 9:31AM:** + +First minute candle 192k volume. Pretty low. Perhaps a quiet market open followed by a bang later in the day. + +# Begin Reading Here + +Gooooooood morning my fellow apes! + +Well the day has finally come. The great exercise day. By exercise, I mean stand up in your room and stretch your arms. Do some jumping jacks and prepare for whatever the heck GME has in store for us today. + +https://preview.redd.it/lsmav2yrdjt61.png?width=400&format=png&auto=webp&s=e20691500e537edf4c51a10d046a915d1b679a06 + +We saw a bit of a pullback on Thursday, and I'm expecting Friday to be a continuation of Wednesday's mad rally. Seems DFV has been on a bit of a tweeting spree recently. Maybe he knows something is up? Getting a bit pumped for what will happen very soon? Who knows. All I know that he knows, is that he really likes the stock. So do I. + +# Premarket Analysis + +Shorts really do love hammering it in the premarket. Broader market gapping up in the premarket but GME hammered down. + +https://preview.redd.it/8xthzw5kdjt61.png?width=2132&format=png&auto=webp&s=b251aba105fec5146cd918cb98a9a1cca122b185 +After reading approximately the 700ths post of some poor chap being phished, because of the negligence and incompetence of this company, I will never recommend anybody to buy a Ledger product again. I hope you agree and strike them from all your guides, how-tos and recommendations. + +Imagine paying $70 for a shitty little hardware wallet, but to these greedy fucks, that's not enough. They HAVE to have your identifying personal information FOREVER, including your name and physical home address, just to squeeze out a few more Euros of bottom line per customer by marketing or probably outright selling the data. And YOU pay for that by being exposed and phished. Ledger sacrifices YOU for a few Euros. + +**Edit 5:** This guy (https://www.reddit.com/r/Bitcoin/comments/k9fmrg/serious_if_you_have_a_ledger_do_not_plug_it_in/?utm_source=reddit&utm_medium=usertext&utm_name=Bitcoin&utm_content=t1_gf5xoez) put me over the edge to actually start this thread. What broke my heart was him repeatedly calling himself "dumb" and a "moron". That's not true. Sure, he fucked up, but he also was put in harms way. This is on US. We were too complacent to warn newbies. + +Like probably many of you, I am sort of the bitcoin guy for a lot of people who just as likely might have fallen for such a scam. It is my responsibility to warn everybody who I got into bitcoin about threats and inform them about best practices. + +I am trying to establish a multi-sig regime between my friends and family, so if one fucks up, he or she has a safety-net with at least one other person they trust. + +But it's not easy. And what definitely doesn't help, is this shit by Ledger. Anyway, if anybody feels like righting something wrong, maybe we can chip in a little and send this guy some sats. https://www.reddit.com/r/Bitcoin/comments/k9fmrg/serious_if_you_have_a_ledger_do_not_plug_it_in/?utm_source=reddit&utm_medium=usertext&utm_name=Bitcoin&utm_content=t1_gf5xoez + + +**Edit 2:** + +BTW, if any representative of Ledger, Trezor or ColdCard wants to correct anything I said here, please DM me. I'll gladly correct the post and apologize for errors. + +I would very much appreciate clear and certain language around who retains what data for how long, in which way and why. + +* Statement by u/rnvk (ColdCard): https://www.reddit.com/r/Bitcoin/comments/k9qj81/i_think_its_time_to_stop_recommending_ledger_as_a/gf653ys/ +* Statement by u/btchip (Ledger): https://www.reddit.com/r/Bitcoin/comments/k9qj81/i_think_its_time_to_stop_recommending_ledger_as_a/gf7ghgy/ +* Statement by u/stickac (Trezor): https://www.reddit.com/r/Bitcoin/comments/k9qj81/i_think_its_time_to_stop_recommending_ledger_as_a/gf7nxzh/ + +**You be the judge who actually cares about their users security and who feeds you corporate bullshit copypasta.** + + +**Edit 3:** + +I want to highlight this response: https://www.reddit.com/r/Bitcoin/comments/k9qj81/i_think_its_time_to_stop_recommending_ledger_as_a/gf67b75/?utm_source=reddit&utm_medium=usertext&utm_name=Bitcoin&utm_content=t1_gf67ys2 + +Ledger could have used the user data they had and are now used by scammer to attack their customers, to warn their users. They didn't. + +Ledger knows, that almost all of their users, most certainly the most vulnerable to attacks, are using their inhouse software Ledger Live. + +How many lives were financially devastated, because Ledger Inc. didn't find it necessary, to send out ONE FUCKING E-MAIL at the day of the breach saying something like this: + +> Attention: There was a data breach with the Ledger user database. From now on forward, all communication between Ledger Inc. and its customers will be done through Ledger Live. You can verify the authenticity of all our messages using Ledger Live in this way: <showing how to verify a digital signature with Ledger Live.> + +**Edit 4:** + +Look at this shitshow: https://twitter.com/ndeet/status/1320307663427768320 + +I'm not a lawyer, but if that shit isn't a violation of the GDPR, I don't know what is. + + +**Edit:** + +If you already bought from Ledger, demand erasure of your personal data immediately. Here is an example E-Mail: + +> Subject: Demand of erasure of personal data subject to Art. 17 GDPR. +> +> Good day, +> +> hereby I demand the immediate erasure of my personal data subject to Art. 17 GDPR. +> +> Art. 17: +> (1) The data subject shall have the right to obtain from the controller the erasure of personal data concerning him or her without undue delay and the controller shall have the obligation to erase personal data without undue delay where one of the following grounds applies: +> +> Complete text of the law: https://gdpr-info.eu/art-17-gdpr/ +> +> Please inform me of the erasure as soon as it is done. +Published 11/11/2021, 5:21am EST + + +https://www.manager-magazin.de/finanzen/geldanlage/evergrande-glaeubiger-dmsa-bereitet-insolvenzantrag-vor-a-8824cc4a-ae06-4eb9-b789-6670bac56eb5 + +(Translated with Google) + +Once again, real estate giant Evergrande failed to pay interest on bonds. More than 20 other offshore bonds are therefore considered to have defaulted, says Marco Metzler. The credit analyst prepares a bankruptcy petition against Evergrande for the creditor DMSA. + +The Chinese real estate giant Evergrande, which is in debt with 300 billion dollars, again failed to pay the majority of interest payments due on Wednesday in the amount of around 148 million dollars. "Today Evergrande failed to make interest payments to international investors again," explained DMSA Senior Analyst Dr. Marco Metzler on request from manager Magazin. + +According to Metzler, the German market screening agency (DMSA) is itself invested in Evergrande bonds and will now file for insolvency against the company as a creditor. + +> "That can take a few days, we are preparing it and are in contact with several law firms working around the world," said Metzler on Wednesday and confirmed: "With the banks in Hong Kong closing today, it is certain that these bonds have defaulted." + +The fact that individual creditors may have received interest payments, as Bloomberg reported on Thursday night, citing the payment processor Clearstream, would not prevent the DMSA from doing so, Metzler added on Thursday when asked again. + +> "We're sticking with it. As a public bondholder, the DSMA has not yet received any payments, which leads to Evergrande's default." + +According to the rules, all of the real estate giant's other offshore bonds would have the status "default" and are therefore deemed to have failed, according to Metzler. Cheated investors could now file for bankruptcy, affirmed the former Fitch ratings analyst. + +The second largest real estate developer in China was already in arrears with interest payments on two bonds in September, for which the 30-day grace period ended in October. Neither Evergrande nor its creditors had officially confirmed reports of alleged payments shortly before the end of the grace period. + +> "We asked numerous investors we knew, they couldn't confirm any incoming payments," Metzler said in an interview with manager magazin a few days ago. Evergrande had again declined to comment on both Wednesday and Thursday. + +To determine bankruptcy, a bankruptcy petition must be filed with the court. Either the company itself or one or more of the company's creditors can do this. Metzler called on other investors to join the DMSA. + + As soon as a court opens bankruptcy proceedings, "Evergrande will officially be bankrupt". This is then only a matter of days. + +> "We as DMSA deliberately bought bonds from Evergrande, knowing full well that we will probably not get them back in order to finally bring transparency into this opaque news of alleged interest payments," the credit analyst said. + +According to Metzler, international investors alone have invested around 23.7 billion US dollars in 23 bonds and three large loans. Fitch analysts expect Evergrande to be liquidated in the event of bankruptcy. Much more than 5 percent of their claims are unlikely to be paid out to the creditors. + +US Federal Reserve worries about chain reaction, Fantasia no longer wants to guarantee Evergrande is not an isolated case, but is representative of the whole, hard-hit real estate industry in China. Shares in developer Fantasia Holdings plunged 50 percent on Wednesday after the company said it could not guarantee it will meet its financial obligations after failing to make an October 4 million payment of approximately $ 206 million. + +The Chinese real estate sector represents up to 30 percent of China's economic output. A wave of bankruptcies in real estate companies could drag thousands of other companies into the abyss and also place a heavy burden on banks, experts have long expressed concern. The major international bank HSBC based in London, for example, has loans amounting to 19.6 billion US dollars for the third quarter, which it has granted exclusively to Chinese real estate groups. In total, the major bank accounted for $ 196 billion in loans to Chinese companies from all kinds of industries. The US Federal Reserve warned on Tuesday that the ailing Chinese real estate sector could even pose a global risk. +Solana network is currently down yet again and is not producing blocks. + +According to Solscan, the last block was produced 5 hours ago. This is the 4th or 5th time the network is going down in recent months. + +[Solscan - 5 hours ago](https://preview.redd.it/txhcxhyfq1391.jpg?width=2606&format=pjpg&auto=webp&s=5216973affaccdfedfad89b53c629c860f8f74ed) + +According to Solana users, there were 5 NFT drops on Solana today which is being blamed for crashing the network. + +Solana have officially confirmed its down yet again, and that all operators should prepare for a restart. According to them assets are "safe" though they cannot be accessed. + +[Restart plz](https://preview.redd.it/61puj3poq1391.jpg?width=1272&format=pjpg&auto=webp&s=2c40d71a2eb4487b1204d649f529eb014b18a1eb) + +As usual, the Solana devs are online more than the network itself. +I've stumbled upon a rap video +(https://youtu.be/GTQnarzmTOc) Keynes Vs Heyek were two economist discuss macro economics. The question is what's a governmen shoul do in case of a recession; increase spending to invigorate the economy? or let the markets do its thing to come back to a stable growth? +The current world is almost universally capitalistic and mostly free market. In such a world, before the rise of robotics, it seems that there will be a class of people who will own the capital/money and do nothing, while another class of people will work in jobs that needs to be done but no one is willing to do because they don't have the money. Jobs that are considered blue-collar or dirty like cleaning, guards, cooks, manual labor etc. Or in the extreme hypothetical situation, capitalists would have no jobs and relax all the time, while the rest will do all the work that needs to be done. + +This is what seems to me. Ofcourse after the rise of robotics, things will change drastically, but under capitalism that has been so for at least the past 100 years, such a two class difference seems inevitable. Can someone confirm? +I'm looking for an answer other than "because Trump/Republicans are crazy/dumb/evil". I'm looking for information, not political statements. I want to know the logic behind these new tariffs, even if the logic is flawed or based on untrue facts. I already know that one reason may be to boost domestic industry, but there seems to be an implication here that whatever trade agreement the U.S. had with Canada seemed inadequate to the Republican party. I want to know in what respect our previous trade agreement with Canada was supposedly inadequate, and what Canada is expected to do in order to change that. What, in the eyes of the Republican party, would be a good trade agreement? +Hello. I'd consider myself a leftist but I think it's important to see what "the other side" thinks about Marx and why. Obviously, there may be some truth in it. But I couldn't find much more than "human nature is too egoistic" and "planned economy doesn't work". + +So what are critiques by some true economists? + Shouldn't the government, in the situation that it's in, be able to call the shots and tell colleges "we'll only back loans of up to $x per year, take it or leave it". If they refuse to accept the government's price requirements, they lose access to the massive amounts of students that are relying on gov student loans to attend. + +This is typically how it works with Medicaid, the gov tells healthcare providers what they'll compensate for services and procedures. +In other words, let's take Paul Singer's Elliott Management, one of the largest funds operating with this strategy, as an example. Singer was involved in a lawsuit for more than 14 years with the Argentine government for failure to pay the bonds. So isn't this the area of ​​investing that most requires the qualities of a value investor: patience, long-term vision, ignoring the market, recognition of qualitative values, independent thinking? + +Why is it so underrepresented when the profit potential is absurdly high? Could it be because most funds are risk-averse sissies? It seems to me a complex and challenging area. +I'm new to value investing and am looking for discussions really. + +I've started off buy reading all sorts online, technical analysis, youtube etc etc, but then got stuck into Peter Lynch and Benjamin Graham's books which have put me down the road of value investing. I don't want to shit on other approaches but a lot of trading advice seems like "woo" to me. + +I see a lot of discussion about DCF valuations here and for whatever reason they just don't click in my mind. I'm open to learn though. + +Anyway... + +I've been looking at LMT as a buy and here is why: + +LMT is a "stalwart" it's been around for a long time. Their 10k filings show that their main issues have been obviously COVID 19 and the loss of the trident missile systems from the UK. Perhaps the loss of trident lead to the reduction of their price? Who cares about "because" though. + +The key point is the vast majority of their earnings are from contracts with the US government for their air assets, F35, F22, C-130's and classified items. I cant' see this being something that is going to change any time soon. Thats the gamble I suppose. They have stable and continual growth, they are not big growers but they are growing and are predicted to grow their profits above inflation. They have long term debt but this is reducing over time rather quickly. They also appear to be buying back shares, the last buy back was around the current price. + +The PE ratio is at 13. This is the lower side of the range over the last 5 years + + +The PE ratio kind of fluctuates between 12 and 24. + +I'm looking at the stock and i'm seeing it as good value as an investment. It strikes me as cheap right now. I'm aware insiders have sold however these were at values of around a PE of 18+ in the past. + +Has anyone else looked at the stock? What are your thoughts and are you willing to share your processes? I'm learning from a book and am aware it's decades old, people favour cash flow over earnings here, but I don't get why but am open to hear about it. +**[DRS GUIDE IS HERE](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/?utm_medium=android_app&utm_source=share)** + +I'd really just like to have an open discussion. Superstonk is a very important place to a lot of folks, myself included, and part of that relates to the civil conversations I'm so fond of finding. Like most things that are important to me, I recognize change is inevitable if the relationship is strong and long enough. So, to that end, I am here soliciting opinions. + +We have already seen that we are stronger together. That by sharing a common goal, individuals can have an impact large enough to shake the very foundations of "the system" which runs the world. Superstonk, to me, is a proving ground for the power and beauty of decentralization of knowledge, education, and humor, all of which stem from a desire to see a better reality for ourselves and each other. When this sub is humming with creative energy and love for the fellow ape, it is truly something to behold. + +I believe that if we are to continue to grow and improve as individuals, and as a sub, we need to be open to criticism, but mindful of boundaries. We should be kind to each other and to ourselves. Willing to listen to understand, not just to respond. I've seen the best and worst this sub has had to offer over the course of my modship (Holy shit has it really been almost 8 months?!) and I honestly feel like one of the big failures of the past was not gathering sentiment directly from the community with pointed questions. + +My job, as I see it, is to make this place as fun and fair and Super as possible. What does that look like to you, dear ape reading this? Should the rules be rewritten? The sub description? Maybe you think we should limit posts per user per day or open flair up so users can change it any time? Maybe you like Superstonk how it is? Do you want a discord? How about karma requirements? Too high, too low? Are mods too lenient? Too harsh? Does it even seem like we exist except to cause drama? Maybe you want to be a mod? Does the banner need changed? How about the color scheme? More community awards? Contests? + +ANYTHING you can think of to leave feedback on, I want to hear it so I can make sure the rest of the team does too. I'm thinking like a giant comment card scenario. + +The point is, I can't know for sure unless I ask. Directly. Like this. Otherwise I'm basically just a humanbot scanning for sentiment. And I hate that thought because I love people. Please help me take Superstonk into the new year with all the ways you think this community could be improved. + +Thank you in advance for your feedback, and apologies if I don't respond. I'm in the middle of getting ready for a move 2 weeks out so my free time is limited. 🚀🌙 + +ETA: even if I don't respond, please know I am taking every single comment here back to the team for review. + +ETA2: for those who do not meet the karma/age requirements to comment, please feel free to add your thoughts here anyhow. As a moderator, I can still view them. + +ETA3: DRS guide link added. + +ETA4: I asked for this to be pinned so we could get more feedback from the community, since I posted over the weekend. Thanks apes! +**Edit: Tentative optimism - 15 minutes before EC - +10% AH. May be premature celebrating, but if it holds, never been SO GLAD to be so FUCKING WRONG.** + +Temper your expectations. + +Tomorrow - Earnings Day. + +RSI - Ice cold (Sub-30 on the daily). Lots of hype around that. People saying 'Last time it was this low, price catapulted.' + +And every single time, SUM(A, B) = BIG FAT NOTHING. + +They're watching, reading, and paying attention to us here, and everyplace else (hi unpaid SHF interns). They know we're expecting something this week. After all, every piece is there, waiting to fall into place. + +But we know they know we're watching, and we know they know we, by the evidence, SHOULD be expecting. So why would we expect anything but disappointment? Because every single time all the pieces have lined up to fall into place, all we got was a gnat's fart. + +So, I'm not hoping tomorrow and the rest of this week is a big fat nothing burger with kale on it. + +But I am expecting it. +*moons are a shitcoin* + +- moons are inimical to cryptocurrencys fundamental ethos; they're centralised + + +- moons degrade content and raise issues of trust due to monetary incentivisation to post + + +- the mods of this sub are paid in moons to do a job near all other mods on Reddit do for free (point 2 also relevant here) + + +- moon posts occupy a large chunk of the focus of attention on this sub, detracting from other value (this comment included) + + +- downvote armies trawl the sub and bury high quality content that is valuable to large audiences that otherwise miss it as a result + + +- children with moon fetishes assume every post is a moon farm, some are, alas an unnatural level of scepticism is woven through the sub as a result +I'm thinking about running the wheel with very close strikes on PLTR. + +Now, I've seen plenty of research but I'm just curious to hear what you guys think of it. I was in during the hype, made some money and left, but it seems like something with a solid rep/future. + +I would think of running close to strike CSP's and if by chance assignment, close to average CC's to keep getting both assigned and repeating, just bagging premiums on weeklies. + +I know what I would answer to this question, I wouldn't be any help, but maybe someone will provide some insight. +Are there anyone doing this strategy selling 1 month out 1 standard deviation strangle on SPY? The margin requirement for this strategy is somewhere between 4k to 6k. And the credit received is around $400-$500. The probability of success is pretty high given that SPY is relatively stable. + +My question is, What are the realistic performance results you are able to achieve with this strategy? I’m thinking about purely trading the strangle on SPY with active management, closing at 50% profit and 200% stop loss. Rolling the untested side. + +An extra question is how do you scale up with this strategy? Do you increase the delta of the legs closer to ATM? +I have had money transferred out of my account due to my stupidity, they transfer out 7k, the bank rang me +Within about 18 hours and suspended my internet banking, what are the chances of getting this money back? +Have reset everything etc, just want to know how long does it take for the money to hit the other account? + +* update spoke to bank and looking like I’ll get money back which is good news.. +never click on sms link is my advice! +Hey guys, + +You may know me from the previous thread [Dinner with Andy Fastow](http://www.reddit.com/r/finance/comments/17yc4g/had_dinner_with_andy_fastow_heres_my_experience/). This time I'm lucky enough to go have lunch with Warren Buffett with several other students. There will be a 2 hour long Q&A session afterwards. This event will take place mid March. + +Any questions in particular that you guys think would make good questions? I'll obviously also write a report about my experiences when I come back. I'm really excited for this experience and I wish to share it with all of you here as well. +Hello all, I am wondering how many others are in the same boat.. I've been riding the Eth train since it was $180 in 2018. I’ve put in about $4k from then until fall of last year. + +Earlier this year when eth hit 2k I made some bad trades and lost about about half my stack. Then in March, a few weeks after the crash, I had to take sell some crypto to pay for living expenses and since then my stack has dwindled to less than half an eth. + +I went from almost 20 ethereum to less than 1 and now I’m constantly checking prices doing the math on what my 20 eth would be worth today. Hearing family members and friends talk about their crypto gains makes me resentful and anxious. + +I firmly believe in the success of crypto and ethereum specifically so I’m putting nearly all of my earnings into eth. However it feels weird buying only fractions of eth at a time when I used to buy whole coins for the same amount. I know my experience is not unique and other people have missed out on much larger gains than I did but it’s nonetheless had an impact. Has anyone had a similar experience? How have you dealt with it? +VEQT is around 30% Canadian equities +XEQT is around 23% Canadian equities + +I realize these are Canadian all in one ETFs but this weighting seems excessive for such a small country. Also VEQT is basically 70% North American when you factor in the US which seems like a lot. +I'm not sure how much traction this will get and I might be in the minority here.... Also bear with me, I'm on mobile due to the power going out. + +Anyway, I subscribed to this sub to see posts about real estate investing, people's numbers, their spreadsheets, ideas and strategies. As of late, there are numerous posts that are just political circle-jerking. Many articles are being shared that are little more than opinion pieces on proposed legislation that the OP then gets their jollies off calling "leftist commie ideas". I get it, legislation affects what landlords can and can't do, but posting about and discussing legislation is different than posting about "wild crazy ideas" only to be like, "man wtf are they thinking"..... + +And I'm proud of a large percentage of you guys that generally correct the OP or give an alternative view of things. + +Again, I realize a lot of this is being inflated by what's going on with Covid and the media overall sensationalizing everything.... Sorry for the rant. +Hello fellow GameStop investors. I didn't want to have to make this post because I am a really lazy person and was hoping someone else would have figured it out by now. And before you get upset, **the form the DTC distributed to brokers about the GameStop Stock Split via Dividend was indeed incorrect**, but not because they used FC 02 (stock split), rather than FC 06 (stock dividend). + +Let me give you the ta:dr; at the top and you can read the rest of the post for supporting information: + +**FC 02 is correct** + +**Processed As "Stock Split" is incorrect. Processed As should be "Stock Dividend"** + +Ok, now that we have that out of the way, let's move on. + +**Important Splividend Dates:** + +|Ex-Date|Record Date| +|:-|:-| +|July 22, 2022|July 18, 2022| + +According to the DTC, the Ex-Date is considered "irregular" because it is "not one business day prior to the record date." (See image below) + +[DTC's Definition of \\"Irregular Ex-Date\\"](https://preview.redd.it/05iihowfl4g91.png?width=645&format=png&auto=webp&s=a776bc0aa4cd1c1c02b3fec5f49d3bece3432a92) + +(Source: Page 29 on the DTC's "Distributions Service Guide" found here: [https://www.dtcc.com/\~/media/Files/Downloads/legal/service-guides/Service-Guide-Distributions.pdf](https://www.dtcc.com/~/media/Files/Downloads/legal/service-guides/Service-Guide-Distributions.pdf)) + +Now here's where it gets interesting. I found a memo on the DTC's site while reading about stock splits effected as dividends: + + **Subject: Stock Splits – Processed As Announced in the Marketplace** + +Here are the relevant sections of the memo (you can read the entire memo in the link below): + +[Stock dividend events with irregular ex-dates are announced as a Stock Split \(FC 02\)](https://preview.redd.it/tqbqvnlzu4g91.png?width=704&format=png&auto=webp&s=014f58e8c0f8b2e55c9246869d0a35c48ae7ce49) + +[Processing Event Code, aka \\"Processed As Indicator\\"](https://preview.redd.it/inj8sw71p4g91.png?width=706&format=png&auto=webp&s=12e2dc95b614d43f2724c1d0992fdb30470d4f7b) + +As you can see, stock dividend events with irregular ex-dates (such as the GameStop 4-for-1 Stock Split via Dividend) are given Function Code 02 (FC 02). The memo goes on to explain that comments should be added to the notice to indicate that the event is actually a stock dividend. This comment is to be added to a field called the "Processed As Indicator" in the CCF file that is distributed to brokers. + +(Source: DTC Memo: [https://www.dtcc.com/-/media/Files/pdf/2013/3/22/0424-13.pdf](https://www.dtcc.com/-/media/Files/pdf/2013/3/22/0424-13.pdf)) + +The document provided by DnB ([original post here](https://www.reddit.com/r/Superstonk/comments/wf9mos/dtcc_form_for_gme_splividend_from_dnb/)) is a printout from the DTCC's web portal that provides an interface to view the original CCF file (in this case a DIVANN file). + +Below is the first page of the document with annotations for the relevant sections discussed above: + +[Page 1 of DTC Record Detail for the GameStop Stock Split via Dividend \(from DnB\)](https://preview.redd.it/s6ng3r29t4g91.png?width=791&format=png&auto=webp&s=33875a84442e9021afd3ba739408459bfb80c375) + +As you can see, the function code is correct (FC 02), but the Processed As field is incorrect. Processed As should have been "Stock Dividend," instead of "Stock Split." + +**The DTC submitted the DIVANN file to brokers with incorrect information as to how they should handle the Stock Split via Dividend.** + +If anyone has information that is contrary or supplementary to what I've posted, please let us all know in the comment section. I am just trying to provide relevant information that I found while I was trying to understand the differences between "stock splits" and "stock splits effected as dividends." +I got conceited after a few good trade. Now this morning, I made 200$, got greedy, jumped into a rising stock at a too late time. +Now I’ve lost all the money I made today plus 100$. +Discipline. Discipline. Discipline. +Remind yourself, daytraders. DISCIPLINE!!!! +I should have followed my original plan, I would have had some money right now. +I was wondering why $GME wasn't rising due to immense buy pressure today. I also noticed someone keeps borrowing shares and returning seemingly unused ones. Upon suspicion, I looked at the level 2 sell data and noticed a $180 sell wall. Then it hit me. These guys have been borrowing shares, creating sell walls and returning whatever they didn't use. This is preventing price from spiking despite all indicators showing it wants to blast off. This method allows them to halt the price movement while not overly worsening their already shit position. Mark Cuban was right. Messing around with shares you don't legally own is a stupid concept just used by the insanely wealthy to control the market. + +This brings me to my second point. How can Gamestop combat this? Can a long whale borrow the remaining shares and just hold them? Interest is also insanely low as there is still no logical explanation as to why. At least in this scenario they can create naked shorts and continue to further doom their position. Does anyone have master data on which brokers/firms are lending these shares out or any relevant DD for me to read on this? I'm trying to understand all possible scenarios. Thanks. + + +Edit: A simple summary I wrote for some of you asking me to explain what a sell wall is: + +1. HF borrows X amount of shares from a broker. +2. HF creates a sell order of X amount of shares at a set price (in this case $180). +3. There aren't enough buyers to purchase X amount of shares at $180 so the price stays fixed there. +4. Return all unsold shares back to lender and pay almost nothing to borrow as the interest rate is laughably low (currently 1.1%). + +Edit 2: To some of you impatient apes: Remember that the former president (I hate how I can't say his name due to the automod) shitty collateral rules are gone. So smaller increases in price hurt shorters (and those supporting the shorters) all the more. Like A LOT more. Good things come to those who wait. Trust the process. Hodl. + +This is not financial advice. +I'm a 21 year old college student. I made over 40k this year as income. My parents pay $0 towards my college tuition. I am **not** a dependent and I told my parents not to list me as one, but surprise surprise they did anyways. + +I tried filing my tax returns on H&R Block and the IRS rejected it. How do I override being claimed as a dependent? Besides the fact that I actually am not a dependent, my calculations also show that I would get so much more money back as a non-dependent, which is why I don't want to be claimed as a dependent. + +**EDIT:** Thank you guys so much for your support. How much money would my parents get from claiming me as a dependent if they earn below 20k per year? I would lose about 1.3k from being claimed as a dependent. Would they get more than 1.3k? + +**UPDATE**: thank you all so much for the help. I don't live with my parents, I live on-campus and am on my school's provided health insurance. I'm going to just let my parents claim me as a dependent. They can just keep the whatever money they'll get from it. They need it more and it's not worth the trouble of mailing it, sorting things out with the IRS, etc. +Hi everyone. I made a post the other day on how I paid a big (to me) deposit on a orthodontic treatment I changed my mind about. I hadn't slept properly in the last several days and was sick to my stomach at the thought of going through with it and honestly I kind of felt pressured by the tech assistant to do it. Many of you here were lovely and trying to help me reframe my mistake, and a lot of you gave good advice on speaking to them. Special thanks to /u/GettingRedi to help me frame my discussion with them and /u/drcus who explained that it is unlikely that they had ordered the aligners yet if I haven't signed the contract yet. I phoned them up on Monday morning, and told them my feelings and true enough, they didn't order the aligners yet and were absolutely fine to refund my deposit - in full. The money has reached my account today and I am relieved. + +Thank you so much to the nice users here. I seriously was so down about it and was thinking I should go through with it since I paid the deposit. I do want to say also, I think there are a lot of harsh downvoters here and people who made me out as crazy, but overall I got good advice and was able to sleep again yesterday. Hopefully one day down the line I can look at doing Invisalign again with an ortho I trust and feel comfortable with. +Tenant had some flooding and said their rental insurance denies their claim because they don’t cover flood. My property insurance doesn’t cover flood either. Should I still call them? Tenants want me to pay for their personal property? +15 years ago I relocated abroad and left behind an overdraft of 1500£ with Barclays Bank. I literally did not have the money and ran away from it. + +A year later they sent me a card saying the debt had been passed to a reclaiming company and I got a card through the post to say they would come and get property up to the amount from my rental flat (in another European country). No one came. + +A few weeks later, I got an abusive phonecall from someone demanding the money and saying they were going to come to my home and "make my life hell." Again, no show. I didn't hear from them again. + +Now, I have permanently relocated abroad and will probably never return to the UK. Am I still on the hook for this somehow? Before I get abuse, I was young and stupid and skint, and I know I should have just paid it. +Please Please Please + +Please stop posting SEC filings without a thorough read. It's not helpful to draw conclusions on something you don't understand. + +It is helpful to **ask thoughtful questions.** + +It is helpful to **DM experts in the area to bring their attention to it.** + +But please stop spamming the community with **"this is the one that will change everything"** type posts unless you're absolutely certain it's a ground shattering rule change. + +Right now, the community has a bad reputation for rushing to completely unfounded conclusions, and assuming GME is at the center of virtually everything. + +I will be reporting posts about new SEC filings that spread misinformation. Whether it's confirmation bias or not. + +EDIT: +This sub is full intelligent folks we have a lot of brain power here. When we're inundated with misinformation for the sake of the "race for karma" the poster is doing everyone of us a disservice. The more posts that are just posted to be the first to posts, especially those that make incorrect conclusions, the more difficult it becomes to discern what's good info and what's bad -- and that's exactly what the U in FUD stands for. + +A big 'ol capital U Uncertainty is what these posters are contributing to. +Hi there, + +Here's the inflation linked bond fund I bought at the end of last year: + +https://fundcentres.lgim.com/uk/en/fund-centre/Unit-Trust/Global-Inflation-Linked-Bond-Index-Fund/#Performance + +Recently it's dropped in price, even though inflation seems to be shooting up everywhere around the world. + +I thought this was supposed to offer protection against inflation? Can someone help me to understand this why it has had a drop in price? + +This is just one part of my portfolio I've built, in which I was trying to give myself inflation protection. + +Thanks. +Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else! + +This thread is also for asking questions about which is the best broker for you, which broker offers \[feature\] and other basic questions about platforms and their functionality. +I've seen the stock drop 7% on Friday and can see it is still well below the pre pandemic stock price. What are people's thoughts on this stock? Would anyone recommend a buy / sell or hold? I can't see the share price recovering until well into 2022 as I'm not sure when air travel will return. + +For background I've got no shares in IAG and have done some research on the airline industry and can't see the price recovering but wondered if anyone else has an opinion? + +EDIT: Thanks for everyone's replies it really helped me with my thinking. I'm still unsure due to issues highlighted below so only bought £100 worth of shares at 170.98 a share this morning +So me and the wife both have less than £20K in our instant access ISAs and are suffering with shocking interest rates of 0.75% currently. Interest has just been paid today for the previous tax year, so i'm tempted to pull the money into a regular savings pot and then re-organise and re-invest into a combination of cash isa and s&s isa in april. I know that this will hit the allowance for 2020/2021 but we won't be investing much into the ISAs in the next year, so don't see it as a massive issue. For the couple of months its in regular savings it will earn interest (paid monthly) before re-distribution. The stocks and shares piece can be done within this years allowance as I haven't used all of my allowance, so would mainly be cash isa allowance taking the hit next year. Let me know if I've missed anything +By this point we know the gatekeepers only show us what they want us to see. They haven’t given us one piece of truthful information since well before the sneeze, why on earth would that change now? + +As somebody else pointed out this move is about psychological anchoring. They’re throwing us a bone, admitting that there are synthetic shares out there, but they’re putting a number out that they think they can survive from when their next manufactured ‘squeeze’ gets underway. + +They’ll have lots of shills who seem like real trustworthy dd writers waiting in the wings to try to ‘help’ apes see the math of how many shares have been traded over a few days during the next ‘squeeze’ and they’ll ‘estimate’ that almost all shares have been bought back. + +This is their play. You can’t tell me after all I’ve seen that these powerful entities have no control over which numbers these gatekeepers present to us. + +Real number is in the billions of shares. Anyone who has watched them relentlessly short our precious day after day for nine months straight knows that in their bones. +I’ve slowed to nearly stopped any additional stocks/dividends investment interest in the past ~6 months. Coz of the downturn worry, now UK issues etc. + +Just wondering if you have changed your investing behaviour during the downturn? + +Yea, I know I could be averaging down. Are you sticking to that strategy? +Zillow owns FIVE properties in the same neighborhood. If you check then out, they are listed way below their purchase price… how is this sustainable? What’s going on? + +https://www.zillow.com/homedetails/40243-Sagewood-Dr-Palm-Desert-CA-92260/18073908_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare + +Edit: This Justin Tye dude has many of these listings. Must be nice! + +Edit 2: another Zillow post blew up + +https://www.reddit.com/r/WhitePeopleTwitter/comments/puri9x/this_shouldnt_be_happening/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +Is it just me who thinks the Metaverse can flop? + +Don't get it it twisted, I love games but I think the Metaverse can and most likely will flop. Virtual worlds do not appeal to me, especially to the extent that it sounds like it is going to. Some people are referring it to the "new reality" and the "next internet" but I just see it as a go at a overpriced VR game that nobody will pay for. + +The amount of money that will have to come out of this will have to be insane. With the amount of money put into this they would end up having to resort to selling thousand dollar gear and equipment used just to play in the Metaverse. And most likely along with a chunk of Crypto needed to start. The lack of need for a Metaverse will prove in people not paying the thousands of dollars to play this. + +I can also see a hard sell/dump in the 'Metaverse Cryptocurrencies' as the majority have been going up with hype, and I feel the Metaverse will be a lengthier process than the average holder thinks, which will possibly result in them becoming inpatient and maybe selling. + +And if it does succeed, fair enough. I guess I'm just a normal guy and not a multi billionaire and may not see the potential of this project. +Hi, I'm u/flokki_the_monk. + +You may remember me from such classic posts as: + +[The Liquidity Fairy](https://www.reddit.com/r/Superstonk/comments/v7yucj/virtu_ceo_to_the_extent_there_is_not_liquidity_on/?utm_source=share&utm_medium=web2x&context=3) + +[ Virtu CEO: \\"to the extent there is not liquidity on a lit exchange, fundamentally the wholesalers are providing INFINITE LIQUIDITY at the NBBO.\\" If price is supply vs demand, what happens with an infinite supply? Providing INFINITE LIQUIDITY sure sounds like ignoring TOTAL SHARES OUTSTANDING. ](https://preview.redd.it/vmpf9br660s91.png?width=902&format=png&auto=webp&s=ae0b257729f2ae73dbaf4632dbc3e4238d2cf635) + +[FSOC Friday night secrets](https://www.reddit.com/r/Superstonk/comments/smufv2/financial_stability_oversight_council_press/) + +[ Financial Stability Oversight Council press release Friday 2\/4: \\"potential risks to U.S. financial stability arising from open-end funds, PARTICULARY THEIR LIQUIDITY AND REDEMPTION FEATURES.\\" The XRT ETF is an open-end fund. ](https://preview.redd.it/cbhe1nuc60s91.png?width=971&format=png&auto=webp&s=4ea832a15ba25e9bc6fe3c7c605c3519a7b35e49) + +[That time they burned down the file storage building.](https://www.reddit.com/r/Superstonk/comments/sknn6d/so_the_sprinkler_system_on_the_ceiling_was/) + +[ So the sprinkler system, ON THE CEILING, was disabled by a falling shelf? For the entire building? And he has determined this already, but also firefighters can't get anywhere close? ](https://preview.redd.it/pfc4dipf60s91.png?width=1174&format=png&auto=webp&s=69634732633d3acf986ae13d8e51421174f22b36) + +[Bill Gates is totally fine, but hide the tapes.](https://www.reddit.com/r/Superstonk/comments/o6drqi/bill_gates_gme_interview_in_jan_the_section/) + +[ Bill Gates GME interview in JAN - THE SECTION REMOVED LATER ](https://preview.redd.it/pxfid77i60s91.png?width=653&format=png&auto=webp&s=fef225983f6b981586bff2c28f65265a1c81818a) + +[DFV is waiting at ComputerShare](https://www.reddit.com/r/Superstonk/comments/q30k55/incontrovertible_proof_that_dfv_loves_computer/) & [Recent Update](https://www.reddit.com/r/Superstonk/comments/xvpunb/dfv_is_waiting_at_computershare/?utm_source=share&utm_medium=web2x&context=3) + +[ DFV is waiting at ComputerShare. ](https://preview.redd.it/727q3kgl60s91.png?width=1005&format=png&auto=webp&s=5b84a8750752de56aa5fa829981d2ff6693b488c) + +[The "I love Coke" (Reed) Vortex Theory:](https://www.reddit.com/r/Superstonk/comments/we0pg3/i_love_coke_ryan_cohen_on_why_gme_nft_is_going_to/) + +[ \\"I love Coke\\" - Ryan Cohen on why GME NFT is going to take over the world. ](https://preview.redd.it/v8488z2o60s91.png?width=1016&format=png&auto=webp&s=4f83013cef5764d51c6ae113eacbff1bb4a93715) + +Or other [general](https://www.reddit.com/r/Superstonk/comments/rkpba1/like_rats_fleeing_a_sinking_ship/?utm_source=share&utm_medium=web2x&context=3) [shit](https://www.reddit.com/r/Superstonk/comments/uekrp1/deutsche_bank_raided_by_authorities_friday_morning/?utm_source=share&utm_medium=web2x&context=3) that came [around.](https://www.reddit.com/r/Superstonk/comments/owgcln/boa_apparently_needs_123b_for_something/?utm_source=share&utm_medium=web2x&context=3) + +[The actual suit I wear when digging through Wall Street's bullshit.](https://preview.redd.it/1uree4jr60s91.png?width=1010&format=png&auto=webp&s=d7a8bf427d752aae83a015a509d4b3be3baa8e37) + +# Today, however, I do not bring you shitposts, tinfoil, or memes. + +[This is my Sheriff outfit.](https://preview.redd.it/qy09rihv60s91.png?width=1015&format=png&auto=webp&s=def7ed81377f892bd09d2a4fbed191f9d1555922) + +# Today I show you the DD on how Melvin Capitol concealed crucially important positions from 13F reporting, deceived Congress through his testimony, then made a killing on those shorts with a perfectly timed Archegos meltdown. + +[First, we're working from this page, the Fintel 13F history for Melvin Capital](https://fintel.io/i13fs/melvin-capital-management-lp): + +[Melvin 13F History Fintel Screenshot](https://preview.redd.it/2o8exgpx60s91.png?width=625&format=png&auto=webp&s=f6d603b2c53677585a5f8bc64077dd20fad9689b) + +The first thing that should stand out immediately is that the report for 2020-12-31 reporting period has TWO amendments, with filing dates 2 MONTHS and 6 MONTHS after their initial due date. By itself, this clearly suggests that Melvin is either too incompetent to keep track of the positions in their portfolio, or that they are a bad actor willing to conceal positions from their reporting. However, the real dirt is when we go deeper and consider the timeline. + +[2020-08-14 Filing](https://fintel.io/i13f/melvin-capital-management-lp/2020-06-30-0) \- There is no VIAC short position. This is for the June BEFORE GameStop popped, and was filed in August 2020. + +[Melvin 2020-06-30 13F](https://preview.redd.it/1vy9gllz60s91.png?width=670&format=png&auto=webp&s=a1e8d494d4278a4602862cba4dba4faed137de96) + +VIAC price is $27.46 at this time. [Historical pricing chart for VIAC at Fintel.](https://fintel.io/chart/us/viac) + +[VIAC 08\/14\/20 $27.46](https://preview.redd.it/qba577r170s91.png?width=1896&format=png&auto=webp&s=99de75f0e6880f3fae6613e8db8771d1103b8693) + +Now we'll move 3 months ahead to the [2020-09-30 Filing](https://fintel.io/i13f/melvin-capital-management-lp/2020-09-30-0) \- Melvin has added a nearly $18M short position in VIAC for 640,000 shares with a price average of $28.01 listed. 4 months from these positions, and just 2 months from when this report was filed, GameStop will sneeze. VIAC price at this time is $31.90, which means that Melvin is already underwater on the short. + +[Melvin 2020-09-30 VIAC](https://preview.redd.it/8r9tn3o470s91.png?width=783&format=png&auto=webp&s=1b50d6f3f727e2b0cd78769f28521e4f79b182be) + +Before we get Melvin's next 13F, let's set the stage. The GameStop Sneeze occurs around Jan 25th 2021. The world is rocked by the implications of naked short selling. Melvin Capital is scrambling to survive, and telling everyone that they closed their shorts. Just two weeks after this explosion, Melvin has to file their end of year 13F and reveal the positions they held 2020-12-31. Everyone is watching this filing like hawks, and Melvin knows that people will be looking for other places that Gabriel Plotkin and the fund are still exposed. + +The [2020-12-31](https://fintel.io/i13f/melvin-capital-management-lp/2020-12-31-0) filing drops on February 16th 2021, and the world rushes in to see the GameStop position for themselves. What isn't listed there, however, is the aforementioned VIAC put. Clearly this suggests that Melvin closed this short position sometime between 9/30/2020 and 12/31/2020, considering it was on the previous 13F, but not this one. Melvin knew he couldn't conceal the GME position, there were too many eyes looking for it exactly. Instead, he chooses to hide things that we aren't focused on. + +[2020-12-31 No VIAC Put in Melvin 13F](https://preview.redd.it/topwur0770s91.png?width=769&format=png&auto=webp&s=768c0cf6851428b72bda24383f813225665f68f0) + +Good thing Melvin closed that Put, because at the time of this filing (2/16/2021), VIAC has climbed to $59.14! Melvin's put position, with average share price at $28.01, would have been crushing. On top of the GME situation, it certainly would have weighed heavily on their ability to meet collateral requirements. **Oh, not to mention that this is just 2 days before their Congressional Testimony on 2/18/2021.** + +[VIAC 2\/16\/21 $59.14](https://preview.redd.it/z3wfc2g970s91.png?width=1043&format=png&auto=webp&s=248c1c333a6a6c33d6c061c310734aa89cd31a3c) + +In a free and fair market, this would be the end of our story. In this world, however, money buys justice. 2 MONTHS after this 13F was filed (and 4 MONTHS after the original reporting period) Melvin is somehow allowed to file a [2021-12-31 amendment](https://fintel.io/i13f/melvin-capital-management-lp/2020-12-31-1) on 4/28. + +[Melvin 13F late amendments](https://preview.redd.it/t2hrbved70s91.png?width=693&format=png&auto=webp&s=4d68033641f6ff58a073fe964495d8648c0be8cb) + +And what do you know? THE VIAC PUT WAS NOT CLOSED! NOT EVEN CLOSE! PLOTKIN INCREASED HIS PUT AGAINST VIACOM BY 409%. He's now short on 3.26 million shares. Considering the average share price has risen to $37.26, Melvin has been shorting like crazy all the way up. Sound familiar? It's also worth noting the other considerable positions listed here that were excluded from their original report. + +[Melvin Amended VIAC short 409&#37; increase](https://preview.redd.it/bnh7povf70s91.png?width=783&format=png&auto=webp&s=b3ae8b019d515c7cd3f3bddf2dc0141e94a8f36d) + +So why would Melvin file this amendment now? **Maybe because they're finally clear of being snapped**. In the interim between the filing on 2/16 and this amendment on 4/28, VIAC squeezed from $59.14 to $100.34, then plunged back down to $37.92 before flattening out. + +[VIAC 4\/28\/21 $41.43](https://preview.redd.it/3sysg24i70s91.png?width=1042&format=png&auto=webp&s=6837b9d86b55a74b6f6299e5ac8721bb23384713) + +So WTF happened to it? Well, just 19 days later on 5/17/21, Melvin files their next 13F for the period [2021-03-31](https://fintel.io/i13f/melvin-capital-management-lp/2021-03-31-0). It shows that Melvin closed the VIAC put position entirely. + +[Melvin 2021-03-31 13F VIAC Put SOLD](https://preview.redd.it/86hot5kl70s91.png?width=770&format=png&auto=webp&s=8591ffadbc95a8b33db4be40400b9f03af88580b) + +This means that Melvin closed this position on or before 3/31/2021. What an insanely lucky bastard, considering that VIAC crashed with only days to spare for Melvin to close the short position. On 3/22, Melvin would have been on the hook for $100 per share. Thankfully for Gabriel Plotkin and Melvin, another fund that's long on VIAC gets blown up at the perfect time to save his ass, and provide tons of distraction to take the market's mind off GameStop. You may have heard of them: **ARCHEGOS. Begining March 24th 2021, Wall Street Banks started liquidating Archegos' extreme long exposure to VIAC.** [Timeline of the Archegos Meltdown here.](https://www.reuters.com/article/usa-markets-blocktrades-timeline/timeline-diary-of-a-meltdown-how-the-archegos-capital-fire-sale-went-down-idUSL1N2LS332) + +[VIAC $45.10 3\/31\/2021](https://preview.redd.it/xjte2jgo70s91.png?width=1046&format=png&auto=webp&s=0cc291943fe705198afd12b4f77de6a86cc9982e) + +Now, keep in mind that these 13F only report the positions held on the date of the reporting period, as well as updating any positions listed on previous filings. This means that Melvin likely had exposure to far more than the 3.2M VIAC shares revealed by the amended 13F, having continued to short as hard possible after the original 12/31/2020 report in order to fight down the price - just like they did with GameStop. + +**In Review:** + +* **Melvin hid an enormous Put in Viacom from his 13F reporting. This is a crime.** +* **Melvin's hidden Put in Viacom would have deeply damaged his balance sheets.** +* **Melvin survived with only days to spare, saved by the Archegos meltdown, which took media pressure off the GameStop situation, and financial pressure off his balance sheets.** +* **Melvin likely made fuck loads of money shorting all the way up VIAC's climb, then closing after the crash, just like they tried to do to GameStop.** +* **Melvin's false 13F was filed just 2 days before Congressional testimony where they insisted their shorts had been closed. The amended 13F, in combination with the sale on the 2021-3-31 filing, proves that was a lie. Melvin had an enormous short position in VIAC, was actively shorting VIAC, and lied to protect both himself and his position.** +* **The Archegos Meltdown would go on to consume the majority of the public's reporting and attention to do with Wall Street fuckery. Regulators and investigators across the globe were suddenly handed a much "bigger" crime to solve (Apes vs Banks), a dead body (Archegos is gone, GME shorts still fighting), and an emergency timeline (Credit Suisse & Nomura meltdown).** + +# Join me next time for DD on how Melvin Capital conspired with Goldman Sachs, JP Morgan, and Morgan Stanley to throw Archegos to the wolves, loot the body, and leave Credit Suisse holding the bag. + +[\\"It's the Death of a Whale, Man.\\" - Biff Loman](https://preview.redd.it/30nzx3xq70s91.png?width=1020&format=png&auto=webp&s=99254f9a31d7887e2ee3298721d0e6b96e1cdef2) +When mentioning material possesions on this sub, people often refer to their most regrettable purchases. + + + So I ask the opposite: What item turned out be your most worthwhile purchase? +We've seen plenty of posts about the curious Deep OTM Puts over the past 8 months. + +Many wrinkly apes have tried to connect the dots between drops in short interest and FTDs using Buy-writes, Married Puts, etc. This is not one of those posts. + +My brain is too smooth to make conclusions from the data, but I do still think it's an important piece of the puzzle. + +# Deep OTM Puts Purchased 1/25 through 1/27 + +**$0.50 Puts for 1/2022 - updated as of today** + +[12.04 million Puts purchased 1\/27 - SHF \/ Shitadel - Wut doing?](https://preview.redd.it/iu6oopz2hyi71.png?width=1692&format=png&auto=webp&s=3849872da4d3d9336cbf5aff7c7e9119e31b4586) + +The net volume for these trades was > 7 million contracts, which would represent 700 million GME shares for that single strike price. That's almost 10x the number of GME shares that exist. If even a fraction of these were used to deceptively create synthetic shares, it's clear that these fuckers not only didn't cover, but they dug their own graves 7 months ago. + +And just so we can be sure that this number represents number of **contracts** and not number of **shares**, this screenshot shows that the volume on 1/11 was 7 (not 700), meaning the 12.04 million volume from 1/27 was the number of **contracts**, not shares. + +[7 contracts purchased on 1\/11 vs 12,040,000 purchased on 1\/27](https://preview.redd.it/0k9bwa90hyi71.png?width=1705&format=png&auto=webp&s=834abfd3032d39dfb1f0cacc87b817586122b7e0) + +Have a look for yourself: [Yahoo Finance GME $0.50 Puts](https://finance.yahoo.com/chart/GME220121P00000500#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) + +# But that wasn't their only Puts purchase on 1/27. + +I'll include a few more purchases, just to illustrate their sheer stupidity. + +$1 Puts for 1/2022 - data as of June 24th? + +[1.3 M puts purchased 1\/27 - data updated through June 24th?](https://preview.redd.it/y1bkoajqvyi71.png?width=1265&format=png&auto=webp&s=c3214bb19eb9d3e9f46802d426bbc7db9140938a) + +Another 1.3 million worthless puts - and why is the data only updated through June 24th? Seems to be a running theme... + +$1.50 Puts for 1/2022 - data updated as of June 22nd? + +[Over 50,000 Puts purchased 1\/27 - data last updated 6\/22?](https://preview.redd.it/672o0rvrwyi71.png?width=1239&format=png&auto=webp&s=4ee68a963ac1e1b96462838145b2193024e659f4) + +$2.00 Puts for 1/2022 - data updated as of June 23rd? + +https://preview.redd.it/25da6eu8xyi71.png?width=1250&format=png&auto=webp&s=ec3f9123e4bf6c74ad9b697e7623ca5c1d3e6782 + +$5 Puts for 1/2022 - data updated as of June 24th? + +[595,950 worthless Puts, updated as of June 24th](https://preview.redd.it/4msoy8ohuyi71.png?width=1244&format=png&auto=webp&s=68df4dc114681a13f36be4f5182abc5310dd0ded) + +# + +Have a look for yourself - [GME Yahoo Finance](https://finance.yahoo.com/chart/GME220121P00002000#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-) + +# What's the big deal about June 24th? + +Well we had high expectations for June 24th. + +Here's a screenshot from another great u/Criand DD ([link to post](https://www.reddit.com/r/Superstonk/comments/on9dtz/otm_puts_are_the_passed_puck_of_short_positions/)) from July 19th. + +[Maybe that tiny fart on June 24th is simply deception to try to throw us off the pattern?](https://preview.redd.it/cae85625zyi71.png?width=746&format=png&auto=webp&s=2447202c400c9b42e11f0467dbe85681747ea019) + +Maybe DFV's post was about + +[DFV tweet from June 17th](https://twitter.com/TheRoaringKitty/status/1405540937657315352?s=20) + +https://preview.redd.it/wrhykyhqzyi71.png?width=601&format=png&auto=webp&s=83f585609fea85ee47f93f3c74e7199afc464458 + +Right before [he went to sleep...](https://twitter.com/TheRoaringKitty/status/1406054126555967495?s=20) + +https://preview.redd.it/poca550f0zi71.png?width=582&format=png&auto=webp&s=921dd71f78e28298784818755f9e95e66000af04 + +And just last week they sold quite a few $5 Puts for October, including 24,040 on 8/19. Does that mean we're about to liftoff? + +https://preview.redd.it/v7wvpqlusyi71.png?width=1227&format=png&auto=webp&s=e1317f13b63a6caaea56d43fefaf82a0a380a4a6 + +\------- + +# Let's take a look at daily volume chart for the past 7 years: + +2015 Daily Volume + +[Awfully quiet between end of May and end of August - 13 weeks. 8\/28 volume spike](https://preview.redd.it/00mta1jqkyi71.png?width=2006&format=png&auto=webp&s=127425a1fcf7abc8c16005f24efdba5c654bfbc7) + +2016 Daily Volume + +[Awfully quiet between end of May and end of August - 12 weeks. 8\/26 volume spike](https://preview.redd.it/i3748c5vkyi71.jpg?width=2059&format=pjpg&auto=webp&s=df81427cd0276665db90e10be5f54cca39b05df0) + +2017 Daily Volume + +[Awfully quiet between end of May through end of August - 13 weeks. 8\/25 volume spike](https://preview.redd.it/qz8q7vsxkyi71.jpg?width=2105&format=pjpg&auto=webp&s=ba4fc49e8356b4e4394282476e2ad5f33bf59813) + +2018 Daily Volume + +[Awfully quiet between June and end of August. 8\/27 and 9\/5 volume spikes](https://preview.redd.it/6p414vn4lyi71.jpg?width=2080&format=pjpg&auto=webp&s=7cdd9f1f3265e3f7985d0be4b9f76af0547758fa) + +2019 Daily Volume + +[Big volume on 6\/5 and pretty quiet until end of August and September. 8\/22 and 9\/11 volume spikes](https://preview.redd.it/iqjy67w7lyi71.jpg?width=2046&format=pjpg&auto=webp&s=02a5a8d75de5b5e030fa23ab5fe07de0f4cf2738) + +2020 Daily Volume + +[Huge end of year volume in late August, September, and October. 8\/31, 9\/22, and 10\/8 - 10\/9 volume spikes](https://preview.redd.it/jff2gzfalyi71.jpg?width=1769&format=pjpg&auto=webp&s=34dab46b5a81542105705961872420b351e1a523) + +2021 Daily Volume + +[Awfully quiet since the end of May. Seems primed for an end of August \/ early September ignition](https://preview.redd.it/6cplik9wpyi71.png?width=1857&format=png&auto=webp&s=c42741e79afda8ff9600e9efc783bd3369ef59a9) + +The end of August and early September has always left us with bountiful volume. + +Will 2021 be any different? + +I'm jacked to find out! Buckle up! +I have a cousin that is taking care of our three 5-7 year old kids on Saturday evenings for a few hours. What do we think is the current going rate for this? + +My daughter is 8 months old. +I've asked family to contribute $10 or $20 instead of toys for Xmas and birthdays (some in addition to gifts). + +I also want to put away money for her monthly in an investment account so she can access when she's 20 or so + +I don't know what EFTs are or how to open one (even in my name if I can't open one in her name) and I would rather have her use the funds for real estate or whatever other investment she wants, not necessarily school or education + +What's a good investment strategy and how do I go about opening it? +I lost nearly everything trading options contracts about 8 years ago. ~$20k in total with nothing in my savings and CC debt. I know how you're feeling, I've been there. Money isn't everything. I recovered from my mistake and you will too, hang in there. + + +To whom it may concern, + +The following represents a summarized narrative from my works cited below. I write out of concern for the continuity of our financial system. Most importantly, to illustrate the injustice that it allows. + +* Hedge funds and offshore entities are *NOT* required to disclose most of their financial information- including short positions +* Citadel Securities is a market-maker for Citadel Advisors (hedge fund). They are considered a significant player within their environment. Citadel Securities has registered with the SEC and FINRA since 2002 +* Investors rely on the SEC and FINRA to make sure these entities are not adversely affecting our markets, which are heavily regulated +* However, since 2006, FINRA has caught Citadel Securities breaking the rules in 60 separate events. Here are the facts: + * There is an event for almost every year since 2006 + * Several violations span multiple years, with just **1** written violation + * The phrase ***"without admitting or denying"*** **appears 123 times** on a [182 page PDF](https://files.brokercheck.finra.org/firm/firm_116797.pdf) + * The phrase ***"failed to"*** **appears 218 times**. Here are 4: + * FAILED TO ESTABLISH AND MAINTAIN SUPERVISORY SYSTEMS TO ACHIEVE COMPLIANCE + * FAILED TO IDENTIFY A SHORT SALE INDICATOR + * FAILIED TO DISPLAY CERTAIN OTC CUSTOMER ORDERS + * FAILED TO CLOSE OUT A FAIL TO DELIEVER + * The word ***"prevent"*** **appears 102 times.** Mostly in statements such as: + * PREVENT THE EXECUTION OR DISPLAY OF SHORT SALE ORDERS + * NO SUPERVISORY PROCEDURES TO PREVENT THE ENTRY OF ERRONEOUS ORDERS + * RISK CONTROLS FAILED TO DETECT AND PREVENT + * On March 25th, 2021 CITADEL RECEIVED A NEW CITATION FOR: + * "unintentionally" reporting internal transfers as normal securities transactions. This constituted 14% of all reported transactions + +It is apparent that the disciplinary actions- often a small fee- are not adequate to prevent this type of behavior. Furthermore, they have become a cost of doing business as is apparent through the company's indifference in admitting or denying the action. + +As a citizen of the United States and direct participant within the US stock market, I demand the SEC explain *WHY* these actions are being tolerated. + +**For those of you who feel the same, please attest by signing your Reddit username in the comment section below** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +I give the reader of this document my express permission to redistribute as they see fit. + +*Works cited: Under the security of my 1st amendment rights,* *I will not* *change the syntax of my work because my emotions are baked within their message.* + +1. [Citadel Has No Clothes](https://www.reddit.com/r/GME/comments/m4c0p4/citadel_has_no_clothes/) +2. [The EVERYTHING Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/) +3. [Walkin' Like A Duck](https://www.reddit.com/r/Superstonk/comments/ml48ov/walkin_like_a_duck_talkin_like_a_duck/) + + +Title explains. + +You don't need to make a lot of money to be considered a "successful trader". If you're averaging anywhere between $100-$300 a day, that's great. Even if you're making less, that's great too. You don't need to be making $5000 a day to be considered a "profitable trader". It's very easy to feel discouraged when you're making "little amounts" in the market because of what we see online. + +A lot of times we see traders making thousands of dollars on YouTube or other social media platforms which could lead us to feel like failures if we're not averaging as much as them. This is what leads people to blow up accounts because they're overleveraging for their account size.. and it's just not necessary. + +Stay consistent, and just keep doing what you're doing. This is not a race. If you end the week making a few hundred or less, that's amazing. You can use that money to pay a few bills, or even treat yourself to something nice. + +You do NOT have to make thousands of dollars to be a profitable trader, okay? :) +One thing that needs mentioning, that is never mentioned about small accounts, is why it is not recommended to bother trading them. To me it was always a shitty recommendation because that is obviously all that a lot of us can trade with. + +As a beginner, I never understood why small accounts were bad to trade with, but now after almost 4 years of trading them and finally becoming profitable, I understand now that the danger is actually the mindset that comes with the fortune-from-nothing fantasy that is innate with small account trading. + +Small accounts can be dangerous for your long-term development of the skill of trading. Why? Because it puts your mentality on a slippery slope: you have to risk a higher ٪ of your account to make a meaningful amount of profit, which leads to more emotional trading, and emotions are a trader's worst enemy. Emotional trading is the quickest way to drain an account, and with small accounts and high leverage, it can happen way too easily. This is coming from experience of wiping, many, I mean many, small accounts ($50-$300 starting balance). And because this was all I did, emotional trading became my habitual style, and I gambled (and hard lost) for about 3 years straight before waking up and creating a much more disciplined approach. + +Does this mean never trade with a small account? No, what is important here is the mentality in which you trade them. Do not be looking for some insane ROI, instead focus on trading your small account emotionless, only following your trading plan with forceful discipline. With a small account, your goal is to get good (consistent and emotionless) at Trading, not to make an insane fortune in a week. Have a pre-determined plan of entry, risk value, and exit and follow it to a T. + +My biggest tips for those who only have access to small acounts: + +>Trade most frequently with a large demo acc, atleast 25k, and importantly, you need to treat it as if you were a pro trader. (Obviously its not real money, so adopting this mindset is a skill in itself). The demo gives you the ability to experiment and improve on your strategy, and also confidence when your strategy works. Take every trade as a lesson. + +>Simultaneously, trade less frequently on your live small account, only when set-ups align exactly with the trading rules you have already outlined. Use a pre-defined risk and don't stray from it. Because it is smaller account, you have to risk more, thats just the nature of this style of high risk trading. Mine is 8%. + +>Twin trade (put two trades down and split the risk) so that you do not cap your upside, but always keep your stop loss specific. Take a specific profit on one trade (mine is 4%) but let the other ride as long as possible (trailing stops or exit indicator). Note that twin trading is most effective for a trend-following strategy. + +TL DR; +You don't need to earn a fortune building a small account, and instead your focus should be perfecting your trading skill. +There are many a prop-firm looking for skilled Traders, you don't need the short-term money now. You need the long-term building of skill and discipline to follow an organized trading plan. +I’m not a pilot but I’m thinking about buying a 20% share of a Cirrus SR-22 for about $80k. My annual management fee would be $8,000 and the hourly rate is $220 (wet). A pilot would be $500/day. + +My goal is to turn three day driving business trips into one-day trips along with some family weekend trips. My average day trip would cost $1,300. + +My NW is $12 million. + +Anyone have thoughts for me as I consider to dip my toes into the world of private aviation? +Hi all, +Just starting out developing my first trading bot in Python and would love to hear some recommendations for useful libraries available. + +My current (work in progress) setup: +- Downloading current and historical data using python-binance https://python-binance.readthedocs.io/en/latest/ +- Using pandas to handle data manipulation +- sqlite3 db for saving and retrieving data +- Started playing around with plotly for generating charts / graphs +- Currently just calculating SMA and MACD with my own functions, but realising it would be much more helpful and better use of my time to leverage existing libraries to extend the analysis capabilities! + +Keen to hear what others are using and their experience, pandas has been great for handling data and plotly looks powerful but I'm only just starting to scratch the surface of their capabilities. I certainly need to expand the number of technical analysis indicators and my data visualisation capabilities, so would be interesting to see what others have done here! +Constant price speculation gets a little mundane. I'm curious what goals you're all working towards. My expensive ones are as follows + +- Replace flooring/tile ruined by mold and age +- Replace kitchen cabinets and drawers that are falling apart +- Replace fence in back yard that is barely still standing +- Remove oak tree that is too big and too close to the house +- Add solar panels to my roof and reduce my dependence on the grid +- Get implantable contact lenses + +Beyond that, I'd like a nice OLED screen and loads of various computer-related stuff that will depreciate in value quickly. + + +[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!* +Today I got my very first div. Payout, and when i saw the email I got SO excited and happy, I mean, it's only $2 (MFA), but idk why it made me so excited 😂 lol + +Anyways, sorry about the shit post but I just felt like I should tell someone about it, but I dont really have anyone to tell, so I thought I'll hit yall up lol + +Edit: wow guys, I was just not expecting this much love and support for this post, so many great comments and rewards, thank you so much, sorry I didnt reply to each and every one of you, all the love was overwhelming 😂 thank you so much, I'm happy to be apart of such a great community. Much love 🙏🙏🥰🥰 +Basically the title. I know some of you must have positions in companies/funds that don't get enough attention on this subreddit. We all know about SCHD, VOO, O, but I wanna know what positions you guys are proud of that don't get enough attention. I will start. + +Mine is PSX +Wondering what the general opinion is here on crypto right now. I don't know what to think anymore honestly. + +If I sell right now I get 5k back which I can put in ETFs or any other stock or do I just let it ride for a few more years? If I lose the money its not gonna be life changing but I'd rather have 5k than 0 obviously. + +What are your guys thoughts on it? With this FTX saga the outlook on crypto is the worst its ever been. Can't say I was a guy who ever cared about the "technology." I know a couple guys with their whole life savings invested into it. + +I'm not very knowledgeable so I'd love to hear some opinions. +>Alberta Premier Jason Kenney and United States Senator Joe Manchin hold a joint news conference in Calgary. The senator, a Democrat from West Virginia, chairs the United States Senate Commitee on Energy and Natural Resources and is visiting Alberta to learn about the province's energy sector. + +Worth a watch, regardless of your stance on the oil industry. The U.S. is practically the only customer for our largest export so it behooves us to pay attention to U.S. sentiment on Canadian oil. + +Length: 28m8s + +https://youtu.be/f01keXEq0J0 + +I welcome your thoughts, but kindly ask that you keep the vitriol towards JK to a minimum and remember that this is not a political subreddit. +I'll go first. BAM.A at today's price is a no-brainer IMO. + +&#x200B; + +**EDIT:** Getting lots of questions about Brookfield. + +Very quick thesis: + +They own controlling stakes in Brookfield Renewable Energy, Brookfield Property Partners, Brookfield Infrastructure Partners and Brookfield Business Partners (these are all publicly listed on their own). + +On top of that, BAM.A, the holding company, manages $350 Billion in fee bearing capital for infrastructure asset projects across all major markets around the globe. They are value investors at heart. Distressed assets and low interest rate environments are incredible tailwinds for Brookfield. + +Management is smart and are incredible capital allocators headed up by Bruce Flatt. + +Also, shameless plug, we talk about Brookfield names on The Canadian Investor Podcast all the time. +I work from home; have no need for a car except leisure. I have 4000 in CC debt; someone offered me 6000 cash for a car I paid 8700 cash for 3 years ago. So I can pay off my credit cards and still have 2k left over; but no car. +How much do you feel/think a person needs to make to be comfortable (Please define your definition of comfortable) + + +Im asking per hour/day/week/month amounts +I received money for high school graduation. I don’t need to spend it and want to save it so that this money can make me more money. How do i get started? +So I just started a new job and I have a high yield checking account. Payroll is refusing to do any direct deposits for high yield accounts. I can't enter the info myself, I have to submit a form with the information (seems terribly archaic to me). Anyone have experience with this and how to get around it? +You're going to need like 100k to retire and invest. + +Think about it. What if you invest $100? 1-year bond will return you 2%, so after 1-year you'll have $102. If you put it in stocks you'll get maybe $110 total after a year, which just beats sky rocketing inflation. If you save $100 per month after a year you'll have $1k so finally you can start making a little money on investments, but it's a bear market. It's unlikely you'll find some company like Gamestop or IPO that will flip around up 1000% in a day or month. + +If you go to a casino the best games have 50/50 odds of winning. So if you gamble $100 you might get $200 but more than likely you'll get $0. Don't be stupid skip the lotto. + +A lot of companies don't care about college degrees and most of these career-training pop-up universities are scams that put you in debt. All these youtube ads that talk about affiliate marketing or real estate investing are scams. So what is your option? + +You have to work hard at a crappy job 60hrs/week for maybe $1 or $2 more than minimum wage with a boss that treats you like garbage, and then never go out and party, don't even think about getting married if you want to save money. Take the bus instead of getting a car. Never go out eating. Then maybe in 10-20 years of saving you'll have a bunch of extra cash. + +You can buy a hundred books that will lie to you about shortcuts of getting rich fast. You can study with a microscope how every billionaire got rich, but this isn't going to help. You can try voting Republican to save a few pennies during tax season. The more desperate you are to get rich the more likely you will fall into traps and scams and lose a bunch of money from cons. +I'm in my early 20s, working full-time making an okay amount of money (40k) with benefits, and I have two good paying part-time jobs. + +I have a roommate so my rent is 600ish a month, no car payments, other than insurance. + +I have some expensive interests and hobbies, so it's easy to find myself making some questionable purchases. I know I could be saving more than I am, but I'm also telling myself that I should be buying the dumb shit while I still can lol. + +How should I determine how much money to put away in savings every month? A dollar amount? Percentage, minimum, etc? +Hey all! I have a wierd question. I work for a check cashing/payday loan company. We have a business owner that comes in. He works in the asbestos industry. We charge fees to cash checks. It's 1.99% or if you are a business owner and cash your own check payable to yourself the fee is 5.99%. For the past year this Asbestos business owner comes in almost every other day to cash a check to himself, which I ended up lowering the fee to 4% because of how often he comes in. He also sends his "employees" to cash their checks. His employees use to make like $800 a week, but then the owner increased their checks over time. So now the employees cash $1800 EVERY Friday & another $1000 extra a month for "expenses" of hotel & food since they travel to outside cities. Does this sound right to you? Recently, he had $66k in clearing over a 7 day period & so we had to ask him to hold off on cashing anymore checks. Sometimes the employees get 2 checks for $1800 in a week equaling $3600/week. What is this all about? We did a credit/background check on the business owner a year ago & there wasn't any red flags. I can't really ask him any questions other than "why don't you cash your checks at your bank, their open?"...he has an answer for everything but I don't know if he is telling the truth. I thought about asking one of his employees but then they'll tell him I was probing & he won't trust me anymore. I just don't get what is in it for him? He makes comments like he likes the relationship he has built with me & the company. But, I don't know. There has to be a business related reason other than that. Do you have any ideas? Especially if you are a business owner? + Thanks! +I'm 12 years old and I want to make some money to buy something, but I don't know what. I don't want things like making a lemonade stand or taking care of my neighbors pets. +Quick question. If I got an 10k car that has been paid, a 1k computer, and 2k in my bank account, how much money do I really have or how much is really being saved? Because theoretically I could sell the car in a week and get my 10k back, which could be "saved money, same for my computer... + +Sorry for that weird question, didn't drink my coffee this money 🤪 +“What we have seen with Bitcoin is price manipulation by one very powerful and influential individual," said Magda Wierzycka + +Tesla CEO Elon Musk, according to Magda Wierzycka, one of South Africa's wealthiest women and CEO of financial services firm Sygnia, would very certainly have been probed by + +https://www.ecryptocurrency.co/2021/06/13/elon-musks-alleged-bitcoin-pump-and-dump-criticized-by-sygnias-ceo/ +I don't like odd jobs (yard work, shoveling,ect.). But it feels like it would be weird trying to either work under the table. And It also feels worthless trying to apply to anything due to age. Anyone got any recommendations? +I work in a large team of about 15 mostly people in their mid/late 30s in which virtually everyone earns over 50k. + +Did an informal poll in my team and, other than me, not a single person has ever logged into their pension providers online portal or paid any attention at all. +This means that everybody is likely invested in the balanced/conservative fund that the pension defaults to. +Not only that, they are only contributing the absolute minimum. + +Since our employer does not operate via salary sacrifice, this also means that all of these people are only getting 20% tax credit into their account and missing out on the extra tax credit as a higher rate payer since they do not fill out a tax return to claim it back. + +All of this information was there when I joined the company as part of the induction, so I can’t really blame the company, but it just really staggered me that all these people have given basically no thought to their retirement. +I’m not discounting anything he has to say, also, I am very interested in what he has written up. I’m long on GME and think the moon is coming. But thought I’d share something to be weary of +Will be separating it's consumer division from it's pharmaceutical and medical device division. What's everyone's take on this new direction? Johnson and Johnson is the world's largest health products companies by sales but believes that the two divisions directions and growth are diverging rapidly. + Is this the right direction for them to take? No decision yet one what they will do when it comes to holding a stock offering. + I've always felt J n J was a safe long term hold how does this change that now? More growth potential with the pharmaceutical division but comes with more risk too. As the WSJ article states the consumer division comes with its own issues, as it's "Sales are growing more slowly than at the other businesses, and have lower margins too. " +I’ve noticed most posts in this thread are focused on net worth and total amount in savings vs passive income coming in. + +I ask this for honest feedback based on my current strategy and plan. + +I live in a HCOL area but just recently invested $40k into a multi family property that’s generating roughly $1,500 a month in passive income not to mention a mortgage that’s being paid off by my tenants and a property that increases in value yearly. + +I’m so hooked on this strategy I can really only think about doing this over and over again until I have enough passive income to have financial independence. + +I’m definitely maxing out my 401k every year and trying to save some money it just seems like building a portfolio of multi family properties that generate real passive income is so much more valuable to me than trying to save money. + +Anyone else get as excited as I do about building passive income to get to financial independence? +The swings over the past weeks have been completely random and I can spend a bit of time on technical analysis only to not have it hold up come trade day. I'm not frustrated, just dumbfounded because the set ups that were supposed to be there didn't even hold up. I actually had to adjust my stop loss -50% or erase it completely because I've had more success leaving it alone over night. I do a bit of day trading.. But things like TKAT and other meme stocks throws the whole economics books out of the window. How do we as, pious traders, even deal with this sort of randomness? +I COULDNT BE MORE STOKED!!! WELCOME TO THE GREATEST STOCK!!! I JUST LOVE THE STOCK!! + +BUY HODL DRS BUY HODL DRS BUY HODL DRS BUY HODL DRS BUY HODL DRS BUY HODL DRS BUY HODL DRS BUY HODL DRS BUY HODL DRS BUY HODL DRS BUY HODL DRS BUY HODL DRS BUY HODL DRS BUY HODL DRS BUY HODL DRS + +RC TAKE US TO THE MOON 💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀 + +RETAIL IS THE WHALE 💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀💎🙌🏻🚀 + +I JUST LOVE THE STOCK!! I JUST LOVE THE STOCK!! I JUST LOVE THE STOCK!! +I graduated college 5 months ago and started working a full time job in June. I like my coworkers and I get paid really well($60k/year), but I look around at all the cubicles and think to myself “is this it?”. My job is at a huge corporation and I hate it. I was depressed for a month thinking that this is the route I chose. Then I heard Gary Vee for the first time, and I was fired up. I stopped watching Netflix and wasting my free time. I started learning more what my passions are and what I want to do. I don’t want money to be the reason why I stay at a job. I opened up a seasonal Halloween online retail store a month ago, and have done $5K in sales so far with 48% profit margin. I’m honestly so happy with knowing that I can grow my knowledge and pursue working for myself one day. My parents tell me to slow down and just work my 9-5 because I’m only 22, but I feel like if there’s a time in my life to mess up then it’s now. Again, happy to join this subreddit! +Anyone with a brain knows that tether is fraudulent and isn’t pegged 1:1. The owners are the same scam artists that were behind bitfinex. Once they’re properly audited and collapse it will shake the trust in the crypto industry. The New York attorney general literally said they’re not fully backed. Luna/Celsius will be speeding up the process of regulation and the investigation of the biggest fraudulent company of all time. + +This is not fud, do your DD and you’ll come to the same conclusion. Store your BTC on a ledger and if you have any money in tether get it out immediately. It’s not a matter of if it’s a matter of when tether collapses. +Before you say "You should have had renter's insurance", I know. I got a new car back in August of last year and, in switching my insurance, I lost my renter's insurance without even thinking of it. I'm kicking my own ass about it. + +My girlfriend and I just woke up to about two feet of water in our apartment. Our 2 year old daughter was freaking out, marooned in her bed. Throughout the house was just a wreck - our bed frame, couch, desk, gaming computer, entertainment center/fireplace are all not salvageable. We have really no money to our name and, at this point, have no idea what to do. What resources do we have at our disposal? we still owe money on all of our furniture and at this point it seems like we're going to be paying on something we don't even have anymore. Thanks for all responses and advice. It is all appreciated. + +I tried posting this in r/needadvice but it was automatically removed for some reason. Sorry if this is not in the right spot. +Below is my simple explanation as to what I believe is happening based on the revelation that GME Entertainment owns the GME Wallet and is a subsidiary of GME. None of this is new info, but rather an attempt to explain in as clear of terms as I possibly can to get you jacked. + +The Goal: Force short sellers to close position by going into market to buy shares. + +Problem so far: Shorts, using the current system, are capable of creating synthetic collateral and kicking the can – creating as many shares as necessary and not effecting market price. + +Conventional Solution: Use a stock dividend and only issue exact number of shares. —> This failed. + +New Solution: Issue an asset that the current system cannot handle, thus foiling the short sellers ability to create synthetic collateral. + +That Asset: NFT – using blockchain technology create 1:1 asset that cannot be synthetically duplicated. + +How to get Asset: Start a company that has its own digital wallet, blockchain website, and has created a marketplace to deploy an NFT asset (blockchain company); + +Legal Execution: Have a seasoned company spin off the blockchain company, issuing the blockchain companies shares as NFTs to each share holder of the seasoned company. Legal benefit too – no need to register as this transaction avoids registration with SEC - no sale or offer as shareholders of seasoned company are getting ownership of two assets for the price of one. + +Effect: Every seasoned company shareholder is due an NFT and will become a share holder of two companies - any short seller would need to provide the NFT to the shareholder – the NFT cannot be synthetically duplicated – the only way for the short seller to get the NFT is to actually hold the seasoned company share. + +Result: Share price of seasoned company will sky rocket as short sellers will be racing to close their positions to obtain the NFT to provide to the shareholder. Again the NFT is the ownership certificate for the blockchain company and must be provided to its owner. + +&#x200B; + +ADDITIONAL THOUGHTS: + +* Holding your shares in your name via DRS is vital as the rush to close positions will likely cause cascade of broker bankruptcies – like we are witnessing with FTX - when a broker, company, etc. goes into bankruptcy their assets get frozen and many creditors are left with pennies on dollar if anything. +* Our chairman is encouraging DRS not only to squeeze the fuck out of the shorts but also to protect us from the inevitable cascade of bankruptcies that will wipe out people’s holdings. +* DRS your shares - protect yourself and protect your company. + +&#x200B; + +\+Neither legal nor financial advice. +So Laura Shin, the crypto journalist, released her book, the Cryptopians, which goes into detail about founding of Ethereum, its cofounders, and uncovers the alleged identity of the Ethereum DAO hacker. In the book, we learn many things about the founders including some of their behaviors. One that I found more fascinating was Charles Hoskinson's given how drawn many are to him. + +Having read the book, a twitter user calls out Laura for portraying Charles in a bad light. Hoskinson replies to the user that Laura's book is a , " Great work of fiction. Tough market to beat George R.R. Martin and Tolkien, but we wish her well." She then replies with some receipts, showing that Charles hasn't been very honest regarding some of his claims such as his level of education. At this point, can we trust anything Charles has to say because time and again, he's shown to not be very reliable? There's nothing wrong with not having a degree; however, to lie or stretch the truth in such a space where people are looked upon as "experts in their fields" is appalling. + + +I know the Cardano supporters will probably downvote me to oblivion, but F it... someone has to say something. Here are the receipts: + +&#x200B; + +[Charles' claims about graduating but not completing his PHD](https://preview.redd.it/jox9ta3up0m81.jpg?width=685&format=pjpg&auto=webp&s=3d6849041bbcf0f129a8b93e488e6a509387b7c8) + +[Spokesperson from Boulder University confirming he did not earn a degree from Boulder](https://preview.redd.it/73lygygft0m81.jpg?width=1142&format=pjpg&auto=webp&s=ecc854f7c97a7b5b8fe12102c1bc96fa7301f873) + +https://preview.redd.it/6obuxklwp0m81.jpg?width=936&format=pjpg&auto=webp&s=e69aae6d65ffdb92f2b51f36c270d3178142a2c3 + +&#x200B; + +[University of Denver Confirmation](https://preview.redd.it/kqi1mkcng1m81.png?width=694&format=png&auto=webp&s=0b8a20bd271cfb2a7852f9c8bfe05603d877548c) + +&#x200B; + +[Confirmation he didn't complete](https://preview.redd.it/vbjl723cx0m81.jpg?width=711&format=pjpg&auto=webp&s=fcdc906d2bede9ab99e35b6f44f296806c1e490f) + +&#x200B; + +https://preview.redd.it/oc46tj8le1m81.jpg?width=684&format=pjpg&auto=webp&s=52227a34ead2c537d4e324ac7dbd1cf033b417b4 + +&#x200B; + +[In an interview, Charles says he was a grad student trying to get a PHD when he first heard about bitcoin](https://preview.redd.it/ktvxkusbf1m81.png?width=676&format=png&auto=webp&s=e337ded84617e3b6be515baccd0eb28879a5e8ee) + +Here's the audio: [https://twitter.com/laurashin/status/1500556969886760963?s=20&t=SFGXVHVe-uwt5MJVTUkGSQ](https://twitter.com/laurashin/status/1500556969886760963?s=20&t=SFGXVHVe-uwt5MJVTUkGSQ) + +[The wiki page on Charles](https://preview.redd.it/sw2dd2w2v0m81.jpg?width=1284&format=pjpg&auto=webp&s=721b2a82f71f724730f5cc4974d9e78d08545ba9) + +\*\*Edit: + + +Here are some more interesting things I found: + +[A fascinating read about Charles, apparently during the period of the Ethereum founding](https://preview.redd.it/dhusqm3vq1m81.jpg?width=1536&format=pjpg&auto=webp&s=d06e08fc3ba89966ff7db5df63dcda3efe15fe39) + +[continuation...](https://preview.redd.it/jl8gaeqyq1m81.jpg?width=1536&format=pjpg&auto=webp&s=620728a0aeea81451b03c0c020a51f2e5f189512) + +[Those close to the Ethereum project were consulted regarding the book](https://preview.redd.it/newadki7o1m81.png?width=593&format=png&auto=webp&s=a225404d8fe8748ac4e223a67b855269f0703bee) + +&#x200B; + +[Charles wasn't the only whose dirt came to light in the book](https://preview.redd.it/lfjpdt0dp1m81.png?width=604&format=png&auto=webp&s=f2690512c0e78ae885573f52ac54616a8220aebf) + +&#x200B; + +[The discrepancies between what Charles said and the facts](https://preview.redd.it/ww6utj7qp1m81.png?width=564&format=png&auto=webp&s=06117144fd0f4aed2822e4bad7625f2284418924) + +&#x200B; +# Introduction and Methodology + +Since Coin Bureau has a pretty good reputation in this sub, I decided to look at the past performance of every crypto that he has recommended in his 'Top crypto picks' videos to see whether his recommendations are worth listening to. + +To do this, I compared the price of the cryptos he recommended at the time the video was released to their ATH, and to their current prices. I also compared the returns from these recommendations to the returns of BTC and ETH, 2 of the least risky picks in this asset class. All price data was sourced from Coinmarketcap. + +\*If true ATH was before video release, I used the ATH after video release. + +# Results + +# 16 Aug 2020 - TOP Defi Picks & 100x MOONSHOT Coin!!🚀 + +&#x200B; + +|Cryptocurrency|Price at video release / $|ATH / $|Date of ATH|Returns if you sold at ATH |Current price / $|Returns if you sell now| +|:-|:-|:-|:-|:-|:-|:-| +|1. Ren|0.40|1.83|Feb 20, 2021|4.58x|0.54|1.35x| +|2. Kava|5.09|9.19|Sep 9, 2021|1.81x|3.56|0.70x| +|3. Melon Protocol (rebranded to Enzyme)|37.14|168.15|Jun 6, 2021|4.53x|94.11|2.53x| +|4. Defi Money Market|1.41|1.41 (RIP)|Aug 16, 2020|1x|0.04|0.03x| +|Comparison to BTC|11,892|68,789|Nov 10, 2021|5.78x|46,723|3.93x| +|Comparison to ETH|433.79|4891.70|Nov 16, 2021|11.3x|3663.23|8.44x| + +None of these recommendations outperformed BTC or ETH. + +# 13 Sep 2020 - BUY THE DIP With These Altcoin Picks!! 🏆 + +&#x200B; + +|Cryptocurrency|Price at video release / $|ATH / $|Date of ATH|Returns if you sold at ATH |Current price / $|Returns if you sell now| +|:-|:-|:-|:-|:-|:-|:-| +|1. Yearn Finance|36,748|93,435|May 12, 2021|2.54x|28,750|0.78x| +|2. Nexus Mutual|49.08|187.16|Nov 16, 2021|3.81x|122.51|2.50x| +|3. mStable|3.72|4.63|Feb 5, 2021|1.24x|0.661|0.178x| +|4. 0chain|0.247|2.68|Apr 21, 2021|10.9x|0.414|1.68x| +|Comparison to BTC|10,323|68,789|Nov 10, 2021|6.66x|46,723|4.53x| +|Comparison to ETH|365.57|4891.70|Nov 16, 2021|13.4x|3663.23|10.0x| + +0chain outperformed BTC if you sold at ATH, but overall you would be much better off buying BTC and ETH than buying these recommendations. + +&#x200B; + +# 14 Dec 2020 - TOP Crypto Picks For 2021: MASSIVE Potential!! 🚀 + +&#x200B; + +|Cryptocurrency|Price at video release / $|ATH / $|Date of ATH|Returns if you sold at ATH |Current price / $|Returns if you sell now| +|:-|:-|:-|:-|:-|:-|:-| +|1. Monero|152.68|483.58|May 9, 2021|3.17x|217.34|1.42x| +|2. Algorand|0.313|2.38|Sep 12, 2021|7.60x|1.60|5.11x| +|3. Theta|0.75|15.90|Apr 16, 2021|21.2x|4.76|6.35x| +|4. Injective Protocol|2.83|25.01|Apr 30, 2021|8.84x|8.54|3.02x| +|5. BarnBridge|27.89|88.16|Mar 14, 2021|3.16x|16.44|0.59x| +|Comparison to BTC|19,246|68,789|Nov 10, 2021|3.57x|46,723|2.43x| +|Comparison to ETH|586.01|4891.70|Nov 16, 2021|8.35x|3663.23|6.25x| + +This is the first time we see some of Coin Bureau's recommendations perform very well (Algorand, Theta, Injective). If you invested in all his recommendations equally, and you managed to sell near ATH, you would have outperformed the market. + +&#x200B; + +# 8 Feb 2021 - These Altcoins Have INSANE Potential!! 📈 + +&#x200B; + +|Cryptocurrency|Price at video release / $|ATH / $|Date of ATH|Returns if you sold at ATH |Current price / $|Returns if you sell now| +|:-|:-|:-|:-|:-|:-|:-| +|1. Kusama|134.71|623.75|May 18, 2021|4.63x|280.46|2.08x| +|2. Thorchain|4.59|21.26|May 19, 2021|4.63x|6.80|1.48x| +|Comparison to BTC|46,196|68,789|Nov 10, 2021|1.49x|46,723|1.01x| +|Comparison to ETH|1746.62|4891.70|Nov 16, 2021|2.77x|3663.23|2.10x| + +Both of Coin Bureau's picks outperform BTC and ETH in terms of returns if you sold at or near ATH. + +&#x200B; + +# 23 Feb 2021 - Privacy Coins: The HOTTEST Projects for 2021!! 🔍 + +&#x200B; + +|Cryptocurrency|Price at video release / $|ATH / $|Date of ATH|Returns if you sold at ATH |Current price / $|Returns if you sell now| +|:-|:-|:-|:-|:-|:-|:-| +|1. Secret Network|3.63|10.64|Oct 28, 2021|2.93x|4.93|1.36x| +|2. Tornado Cash|355.84|382.66|Feb 23, 2021|1.08x|38.66|0.109x| +|Comparison to BTC|48,824|68,789|Nov 10, 2021|1.41x|46,723|0.96x| +|Comparison to ETH|1570.20|4891.70|Nov 16, 2021|3.12x|3663.23|2.33x| + +Secret managed to significantly outperform BTC on both timeframes and outperform ETH when comparing to ATH. Tornado cash pretty much just bled. + +&#x200B; + +# 8 May 2021 - TOP Staking Coins With Most Potential in 2021!! 💰 + +&#x200B; + +|Cryptocurrency|Price at video release / $|ATH / $|Date of ATH|Returns if you sold at ATH |Current price / $|Returns if you sell now| +|:-|:-|:-|:-|:-|:-|:-| +|1. Polygon|0.848|2.92|Dec 27, 2021|3.44x|2.48|2.92x| +|2. Terra|16.98|103.33|Dec 27, 2021|6.09x|83.72|4.93x| +|3. Polkadot|39.83|55.00|Nov 4, 2021|1.38x|27.05|0.679x| +|4. Binance Coin|646.10|690.03|May 10, 2021|1.07x|516.77|0.801x| +|5. Ethereum|3902.65|4891.70|Nov 16, 2021|1.25x|3663.23|0.939x| +|Comparison to BTC|58,803|68,789|Nov 10, 2021|1.17x|46,723|0.795x| + +This video came out at a very unfortunate time. The whole market had a big correction, and alts were hit very hard. However, all the alts Coin Bureau recommended have either been comparable to or outperformed BTC so far. + +&#x200B; + +# 10 Aug 2021 - TOP Altcoin Picks 2021 Q3: SOLID Potential!! 💯 + +&#x200B; + +|Cryptocurrency|Price at video release / $|ATH / $|Date of ATH|Returns if you sold at ATH |Current price / $|Returns if you sell now| +|:-|:-|:-|:-|:-|:-|:-| +|1. Ethereum|3141.69|4891.70|Nov 16, 2021|1.56x|3663.23|1.17x| +|2. Cardano|1.67|3.10|Sep 2, 2021|1.86x|1.34|0.802x| +|3. Solana|40.64|260.06|Nov 6, 2021|6.40x|173.86|4.28x| +|4. Polygon|1.16|2.92|Dec 27, 2021|2.52x|2.48|2.14x| +|5. Terra|16.75|103.33|Dec 27, 2021|6.17x|84.34|5.04x| +|Comparison to BTC|45,585|68,789|Nov 10, 2021|1.51x|46,723|1.02x| + +Coin Bureau's recommendations performed extremely well, with all of them except Cardano outperforming BTC regardless of when you sold. + +&#x200B; + +# Conclusion + +The majority of Coin Bureau's recommendations that came out in 2021 performed well in comparison to BTC and ETH. From the data we have, many of his recommendations are profitable in the short term (usually a couple of months). However, Coin Bureau hasn't been around for long enough to prove that he can pick out good long term projects (at least a few years). Overall, I think the data shows that if you want to diversify into alts, Coin Bureau's recommendations are generally a decent choice if you're too lazy or don't have the time to DYOR. + +&#x200B; + +# TLDR + +Coin Bureau's recommendations are generally profitable in the short term (usually a couple of months). However, one year's worth of data really isn't that much, and I think you should always have more in BTC and ETH than in any of these recommendations combined. + + +Edit: I wrongly stated that Secret Network did not outperform BTC or ETH. Thanks to u/jimmycryptso for pointing out the mistake. +I recently got back on Reddit after a long hiatus - the volatility in Gamestop and other names brought me back to r/wallstreetbets and r/stocks. + +Lately I have been doing some research on Cathie Wood's Ark ETFs and am quite alarmed by what I am seeing. I am by no means an expert in finance, but I work in finance professionally. I spent 2 years on a long-short equity hedge fund in NYC right after college, and have worked in M&A for an asset management firm for the last 5.5 years. I am intimately aware of how active and passive (ETF) investment products function and acutely aware of the impact that investor fund flows can have on price and performance of an ETF. + +In the case of $ARKK and the family of ETFs, it is glaringly apparent to me that all of these ETFs in the last 12-14 months have become victims of their own success. What do I mean by this? + +We'll use $ARKK as an example. In the last 14 months, investors (and many of you) plowed money into $ARKK at a stunning rate - $10 billion in 2020, and another $5 billion in just the first two months of 2021. In conjunction with those investor flows, the Ark ETFs have developed what by any industry standard represent HUGE holdings in many of the portfolio companies, as high as 25-30% in dozens of cases. Many of these holdings are illiquid companies that don't trade significant volume on any given day. The combination of low liquidity, huge investor inflows into the ETF, and now enormous ownership stakes in the portfolio companies has had the effect of driving share prices higher. Much of the ETF's performance over the last 12-14 months is not a function of fundamental improvement of the portfolio companies, but a function of the ETF having to buy illiquid equity securities when inflows are positive. This may not be readily apparent to the untrained eye, but it is crystal clear for those with access to industry flow data. + +I ran an analysis on the weekly net flows into ARKK over the last 60 weeks, and found that portfolio performance of the ETF was highly correlated with ETF inflows. + +***Correlation of 70%*** + +***R-squared of 0.49*** + +That is to say, the tail is wagging the dog! ARKK has created its own good performance, but not because the companies have grown or fundamentally improved. Nearly entirely the result of the ETF buying. + +What happens next? + +Last week was a taste of the trouble ahead. When investors sell the ETF instead of buy, in order to cash out the investors the ETF must sell some of the stock in its portfolio companies, except that liquidity or lack of liquidity becomes a much bigger problem when investors are selling and when the broad equity/tech markets have a correction. + +The ARKK ETF price has appreciated nearly 350% in a very short time. Now that Cathie Wood represents a big chunk of the outstanding shares within companies that have become overvalued by almost all measures, and trade with very thin liquidity, any meaningful reversal in investor flows (out instead of in) will result in a cascading collapse of the Ark ETFs. If the fund can generate returns of 350% in roughly a year, just imagine what may happen if investors move toward the exits in a much shorter period of time. + +As someone who takes pride in my analytical work, and who is concerned about the limited investor knowledge of many people who own Cathie Wood's funds, I would strongly encourage you to do more research. Learn about the companies held by the ETFs. Try to educate yourselves on valuation methods. And please understand that unless you are willing to lose every dollar that you have invested with Ark, you should take some time to reflect on the risks you are taking. + +After spending a very short amount of time on this subreddit and others, I am concerned that many people may not be aware of these risks, and unfortunately the small investors in Cathie's funds will be the ones who bear the brunt of any crisis. + +As usual with Wall Street, the insiders like Cathie Wood will get huge payouts and the little guys will get to hold the bag. It is not widely known, but good food for thought that Cathie has sold a chunk of her company to American Beacon. In recent months there were changes to these ownership arrangements that are not publicly known. Whatever happens, Cathie Wood will be just fine, but the small investors may not be. + +Good luck and I hope I am wrong. + +***************** + +***Edit*** - for inquiring minds, the link below is a detailed and succinct overview of some of these concerns from a Fintwit personality. + +https://twitter.com/BradMunchen/status/1366028953828270082 + +***Edit*** - some have pushed back on the analysis and I appreciate the discussion, for additional thoughts on how some of these ETF products (and ETF's in general) can create distortions in the market, there are a few podcasts below that I found pretty worthwhile. + +https://www.zer0es.tv/interviews-and-analysis/the-perversion-of-passive-investment/ + +https://podcasts.apple.com/us/podcast/the-end-game-ep-3-mike-green/id1508585135?i=1000483139066 + +***Edit*** - some have suggested I re-create the analysis above on a number of more typical ETF products (great idea) to see if outcomes are similar. Some have also pushed back on the statistical significance of 70%/0.49. In finance if you can explain 49% of the variation using just one variable, it is pretty darn good. Not so good in physics or hard sciences. + +In any case, here goes... + +Background on methods and sources: Data comes from simfund, and the analysis is simple. We build a "roll forward" of the assets under management (AUM) for weekly flow data sets. An AUM roll forward is commonly found in the earnings presentations of all asset managers and is useful for understanding the sources of AUM growth in any given period. + +In this case: + +A: Beginning of period AUM <--- Sourced from Simfund + +B: +/- Net New Investor Flows <--- Sourced from Simfund + +C: +/- Market Performance <--- Implied by D less B less A + +D: End of Period AUM <--- Sourced from Simfund + + +In this way we can see how many dollars flow into a certain ETF over the period, and how many dollars of market gains in the underlying portfolio took place in the same period. Presumably these two values (B&C) would be more highly correlated when B is large and the underlying portfolio is less liquid - causing upward pressure on prices for structural reasons rather than fundamental reasons, i.e. driven by the ETF and not by growth or fundamental improvement in the portfolio companies, i.e. paying a higher multiple for the same stock for no good reason. + +I think my analysis stands... but open to more constructive criticism. + +********************** +***Output for Ark ETF's and compared with a number of other popular ETF's - Ticker: (correlation / r-sq)*** + +*n = 60 weeks of data, which we focus on here because Ark products have seen such outsized flows (and returns) over this period* + +***Ark ETFs*** +ARKQ: (69%/0.48) +ARKF: (64%/0.41) +ARKG: (42%/0.18) +ARKK: (70%/0.49) +ARKW: (70%/0.49) + +***Other Popular ETF's*** +SPY: (11%, 0.01) +QQQ: (27%, 0.07) +IWM: (20%, 0.04) +XLE: (27%, 0.07) +JETS: (21%, 0.04) + +*********************** + +***Edit*** - Criticism of this approach may be that I am using dollar changes in both flows and portfolio returns, rather than periodic percentage changes, however my view is that it is the magnitude of the dollar flows that matters more than percentages when trying to ascertain the impact of illiquidity and investor flows. + +***Edit*** - Worthy correction from u/notredwan - I was under the impression that American Beacon was in process on exercising its option to acquire a majority position in Ark as was originally agreed in 2016. Evidently that option was extinguished in December 2020 in a deal where Ark took on debt (and likely warrants) to pay off American Beacon on the option value. Back of the envelope math would have put the option value in the $100-150mm range. + +Reading here: https://www.institutionalinvestor.com/article/b1pw88ldyr905m/The-ARK-Invest-Takeover-Battle-Is-Over + +***Edit*** - An interesting easter egg in Ark's daily email update and associated disclosures. Quoting from the thread linked below. + +On Friday, February 26, ARK expanded its daily trade email disclaimer to 718 words compared to 163 words on Thursday, February 25. + +Two new disclaimers: + +"Additional risks of investing in ARK ETFs include market, management, concentration and non-diversification risks" + +"There can be no guarantee that an active trading market for ETF shares will develop or be maintained, or that their listing will continue..” + +https://twitter.com/StockJabber/status/1365891480884289541 +*"After years of steadily rising house prices, the housing market shows the first sign of cooling. Homebuyers, on average, paid 2.1 percent less for an existing house in the first three months of 2022 than in the previous quarter, realtors' association NVM reports. That's the first quarterly price decrease since the beginning of 2019. Compared to the first quarter of 2021, home prices were still much higher."* +[https://nltimes.nl/2022/04/07/dutch-housing-prices-fall-first-time-three-years](https://nltimes.nl/2022/04/07/dutch-housing-prices-fall-first-time-three-years) + +Interest rates on mortgages are rising sharply while the average adjusted disposable houshold income is dropping sharply due to inflation, which combined with sentiment in the market could mean a turning point on the housing markets. For a variety of reasons the reported decrease in prices isn't as significant as it might seem, but it might be an early sign we're approaching a potential turning point on the housing markets worldwide. Inflation in the Netherlands is rising extremely quick, from 1,4% in July to 11,9% in March, an indication the reduction in adjusted disposable income and rises in interest rates on martgages aren't temporary. + +Average selling prices dropped from EUR 440,000 to EUR 428,000. Publications (Dutch only): [https://www.nvm.nl/wonen/marktinformatie/](https://www.nvm.nl/wonen/marktinformatie/) +Please concentrate all discussion and posts about articles into this thread. + +We will remove all other bitcoin/crypto submissions as long as this thread is up. + +Thanks, +-the mods +So. Genuine retard here. +I’ve read about the options play. I know both sides. And some questions came to mind. + +What is the difference between exercising an options contract and just buying 100 shares? If the shares that are on the order books now are fake anyway, what’s the difference (besides paying the premium)? + +And I thought the general consensus was that the price is heavily manipulated (we’ve seen it a hundred times). So what’s the point of buying options when they’ll probably end OTM anyways. It’s impossible to build a gamma ramp that way, or am I missing something here? + +Second to that. If SHF have such control over the price, there is no need to hedge written contracts, because they know they’ll expire OTM anyways. Correct? + +Again, I’m not saying options are a bad thing, and I’m not trying to argue here, I literally do not understand and I’m hoping for your help. + +————————————————————— + +EDIT: Thanks you for all the replies. Some were really helpful and some were just assholes. + +I think I get the point now. Options are a riskier play, but can be helpful in leveraging your play of they are bought way in the future. Especially with the settlement times for exercised options contracts. + +My conclusion: I’m not going to touch options, to retarded for that. But they *shouldn’t be dismissed*. Combined with DRS it could be the fatal blow. +What would this actually mean for: PPOR owners, investment owners, renters, those in social housing? People in lower, middle, upper classes? + +Will some people benefit (eg young people who have been priced out)? Will everyone suffer? +https://arstechnica.com/tech-policy/2019/06/federal-bill-would-allow-clean-energy-companies-to-structure-like-oil-companies/ + +> Last week, US senators and representatives introduced bills in the Senate and the House to open up a type of corporate structure originally reserved for oil, gas, and coal companies to clean energy companies. + +> Called a Master Limited Partnership (MLP), the structure currently allows fossil fuel companies to take advantage of lower taxes placed on limited partnerships while also allowing those companies to issue publicly traded stocks and bonds. If the recently re-introduced bills—which have bipartisan support in both the House and the Senate—pass their respective votes, clean energy companies would have the option to structure their companies as MLPs and take advantage of the tax and funding benefits. + +It's going to be interesting to see if yieldcos (e.g. Nextera Energy Partner, CWEN, Pattern Energy) switch to MLPs should those bills pass, and if other utility/energy companies would also consider running MLPs. +Investing in cloud computing 5-10 years ago would've made you multiple baggers. + +I don't literally mean what will replace cloud computing next, but in your opinion, what is the next niche area like this that will explode over the next 5-10 years? + +Electric vehicles are obviously the hot topic right now but I am just not in on that bandwagon, so I'm curious to hear what y'all think could be next? + +Not even looking to hear about specific stocks just the industry but feel free to share those as well. +Hi. + +If i understand correctly, John Bogle in his "The little book of common sense investing" suggests buying an index fund (TIF?) instead of ETFs. + +Is this suggestion still valid today? And if yes, which one, in example? + +Vanguard 500 Index Fund Admiral Shares (VFIAX)? + +(Can they be bought on Degiro i.e.?). + + +Thanks +Half my TFSA is in Canadian blue chips like BMO, TD, Telus, etc. where I have actually made a lot of money in the last few years with solid dividends. The other half is in cash which I am now trying to find a home for. I think I want a globally diversified ETF like XEQT. Would it make sense to keep 50% in the blue chips, or should I be 100% in XEQT? + +I still have an RRSP account which is about half the value of my TFSA. I am 31 years old, stable career. Please let me know if additional info is needed. + +Edit: Just to clarify, I am not actually chasing dividends. I just mentioned them as just a matter of fact. My question is more so asking whether having 50% in blue chips provide an element of stability in my portfolio to compliment an ETF like XEQT. +Disclaimer: when I mention “we” or “our” I’m referring to younger generations not investment groups. Each person is an individual investor who makes their own decision. + +Hedgies are getting desperate. I’ve seen a tweet from Cramer today bashing millennials and them asking for money from their parents. There’s a copypasta going around saying they lost everything. + +Hey hedgefucks most apes grew up with the internet. We’ve been systematically trained to recognize manipulation. Hell many of our parents followed parenting books that promoted abuse and gas lighting. We all are aging including the manipulators and I doubt many of us are in our teens. + +So many apes grew up where gaming and the internet was their therapy and escape. We’ve played against aimbots. We’ve played against Zerg rushers. Lag switches, abusive pms, meta exploits. We’ve had to formulate plans on the fly and despite odds being stacked against us we’ve pushed on to not let the minority of unsophisticated gamers ruin our fun. We’ve had people pretend to be your friend and proceed to team kill you. Hell even our single player games we regularly get tricked and have to evolve to beat them. + +Growing up with the internet we are use to filtering lies. I mean fuck even our dating apps are filled with bots trying to scam us out of money. + +We were sold the lie of retirement if we did everything right and many are student loan debt slaves. We saw the lies told to send many of us to a farce of a war. We saw how scammy cable tv was and cut the cord. We witness corruption in real time. The realization the American dream is a lie. + +Financial scarcity has always been part of our every day battle. How do you win against someone who has nothing to lose? You don’t play. Citadel fell for the most classic blunder, you never play a game against someone with nothing to lose and gain everything in a win. You can’t demoralize people who rock bottom is the norm. + +They try to use the same manipulation tactics using new platforms but old tricks. So if you’re listening psych department that totally doesn’t exist, nothing you do will work because you weren’t born in the system that we’ve lived on a daily basis. + +This game is over. It’s essentially an RTS where they are hiding the remnants of their base, hoping we get bored. When it ends they are going to complain to the developers as a last ditch effort for a bailout. I believe times are a changing and we will be “dancing” as the other outcome is complete loss of faith in US markets. + +Tl;dr buy hodl, hedgies r fuk + +Edit: For hedgies, the day Apes graced your market was the most important day of your life. But for Apes, it was Wednesday. +I'll kick off with a few. + +1. **Annual Fees on Cards:** Nearly all banks will waive the annual fee on credit cards in some capacity if you ask nicely. Credit cards are on decline so they probably want to stem the closures. Although cards are kind of taboo here, I find they can be good for warranty increases, price drop protections and free annual flights. (Don't do this if you don't pay your cards off on time as the interest is usually horrendous.) +2. **Better Energy Comparisons:** Use an energy comparison site each quarter (seriously). Whilst the government one ([energymadeeasy.gov.au](https://energymadeeasy.gov.au)) is the best I find Wattever.com.au to be quite good even if the interface is average because you can bookmark the results page and literally do a future comparison with one click. Only 20% of Australian electricity accounts are churned in each year averagely so someone is not saving money. +3. **Westpac Youth Bonus:** Westpac's under 30 bonus account that's 3% is quite well known here I suspect but not many people realise you don't need to post 5 transactions per month on your cash account. You can just do 5 Beemit transfers for free from one debit card per month to another. If that fails to work in the future you can pay 5 micro transactions at a Woolies/Coles self checkout. If you max your $30,000 saving out you'll get roughly $900 in interest per year. +4. **Spotify Hack:** This is more of a reduction in spending than it is "saving" but many people have Spotify accounts either but not many people realise that accounts cost differently depending on where you are. With a VPN you can find the cheapest country on this Spotify fee comparison site which is a bit like the big mac index. (The cheapest is Philippines at the moment at \~$3.80. ([https://mts.io/projects/spotify-pricing/](https://mts.io/projects/spotify-pricing/)) +First time posting here. On mobile. + +So 20K less. He DID feel like he wasn’t as qualified but went for it anyway. The interviewer really liked him and gave the impression that he was *more* than qualified. We are obviously disappointed in the offer. What can he do? How does he counter offer and for how much? Does he mention the job posting that stated 50k-100k (based on experience) starting and a $5k sign on bonus which also not included in the offer letter. + +Appreciate any help you have to offer! + +**edited to update more accurately job posting** + +Edit/Update: Thank YOU for all the responses. My husband and I read through them together and he is confident in the decision to counter offer (probably 60k) and if they don’t come up, than he is walking. As many made clear, if they don’t budge or choose to rescind the offer, than “good riddance.” +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! + +“They sold the shares under everyone's noses which wasn't priced in. So everyone that assumed they hadn't sold 3.5 million shares just realized it's already happened. + +It's like not wanting to grab the last chicken tender at a buffet because you assume it's cold, but you didn't realize it's from a fresh batch so it's actually still a hot tendy. Gamestop is the hot tendy and the market is coming to that realization in the after hours due to the announcement.” + + +And + + + +No it is very good for us, and here is why: + +• ⁠They sold slowly during the last few weeks. Carefully not to tank the stock price and keeping the price in max pain territory. +• ⁠They now have raised $551M free capital without debt or diluting ownership. They can do whatever they want with that money, e.g. supercharge the digital-transformation +• ⁠The shares they sold realistically also went to apes buying them up. It increased retails ownership of the float. If any, only a part went to hedgies, etc. +• ⁠The market didn't price in the selling. Looking at AH price movements, everybody seems to have been taken by surprise. I think the majority (me included) thought they would sell during the MOASS. +This is how to launch a coin. It had no presale, liquidity is locked, a max 5% purchase to stop whaling and the Devs buying with the rest of us. The fairest lauch ive ever seen. I knew there was lots of potential because of this but the Devs have been pumping out feature after feature and its been sitting really stable at the 20c mark despite a FUD campaing that would have sunk any of the Food or Dog coins, this is primed, its ready to blow. My gains seem meager to me now, similar but inferior projects have hit well over a dollar within a week and beyond that after. I know there is more here. look at some of the stuff they are doing and check out the wallet distribution. + + +Read this from their medium article \~ [https://boggedfinance.medium.com/the-bogged-protocol-lightpaper-16c7394e250f](https://boggedfinance.medium.com/the-bogged-protocol-lightpaper-16c7394e250f) + **Bogdabots** +Bogdabots are individual contracts deployed on BSC that connect to hooks built into the Bogged Transaction System, allowing code to be executed as transactions are made with $BOG. + +As $BOG transaction volume increases the Bogdabot contracts will get closer and closer to running on the blockchain 24/7 - BOG is unique in that it is the first seen implementation of this, partially due to the low gas fees allowed by BSC. + +This is only one feature! a big one but they have more!! + +&#x200B; + +Site: [https://bogged.finance](https://bogged.finance) + +Contract: [https://bscscan.com/token/0xd7b729ef857aa773f47d37088a1181bb3fbf0099](https://bscscan.com/token/0xd7b729ef857aa773f47d37088a1181bb3fbf0099) \---- MAKE SURE TO READ THE CODE, HILARIOUS STUFF, WRITTEN WITH LOVE. + +Pancakeswap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xd7b729ef857aa773f47d37088a1181bb3fbf0099&inputCurrency=BNB](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xd7b729ef857aa773f47d37088a1181bb3fbf0099&inputCurrency=BNB) + +&#x200B; + +5% TX Fee. 4% to stakers, and 1% burned per transaction. + +Liquidity Locked? + +Yes. [https://bscscan.com/tx/0x2c9ace897832430de1c99e21ebc8c2650dcf0dbfaf081ccbfe2aa41b0512118d](https://bscscan.com/tx/0x2c9ace897832430de1c99e21ebc8c2650dcf0dbfaf081ccbfe2aa41b0512118d) +Come check out the TG group - [https://t.me/boggedfinance](https://t.me/boggedfinance) +I mean it varies personally. Just wanted to know much you need. + +1. Real Estate Property + +2. Real Estate Rents + +3. Fixed Deposits + +4. Mutual Funds + +5. PPFs + +6. Dividends + +7. Remaining +Greetings APEs! I saw a green Capri Sun and I took it as a sign. It's time I wrote a DD. + +# TLDR: I show that the average Ape has 58 shares direct-registered. Knowing that as of 9/25, there are 292k ComputerShare accounts, we have registered roughly 17 million shares as of yesterday! + +# The Intro. + +Hi. I am programmer-ape. I work primarily building systems in AWS and my most recent project was with AWS Sagemaker. I am a Cloud Engineer, not a Data Scientist nor Data Engineer, so venturing into Data Science is bound to be error-prone. Take my findings with appropriate grains of salt. + +On 9/15, I began aggregating screenshots of Apes who were making ComputerShare purchases. The next day (9/16), I began collecting all posts on Superstonk, and other GME-related subs, and storing them off to a database. + +I then began using computer vision to extract information from screenshots, and storing it away in a database. The objective being to collect data from Apes are direct-registering, and also don't mind sharing. There is some moral gray area, here. But truthfully, if you're sharing a screenshot to a public forum, you should expect that entities are collecting the data. + +# The Premise. + +The cool thing about some users sharing their purchases and portfolios is that it gives us the ability to sample the GME shareholder base. We can glean a lot of insight from this data, including average holdings per Ape. + +The only other data that we need to understand how many shares are direct-registered is how many Apes are direct registering. Then the equation is very simple: + +**total direct registered shares \~= average holding per ape \* count of apes w/ computershare accounts** + +# The Code. + +Wow. What a challenge this has been. + +I don't have the code on Github. I'm a bit nervous about making it public. But I'm happy to share with anyone who wants it. (DM me). At a high level: + +* An hourly task runs that: + * Collects new posts from GME-related reddit subs. + * Downloads images associated with those posts. + * Extracts the text from the images. + * Does a high-level classification the post (as a portfolio or purchase screenshot) based on the contents of the text in the image. + * Stores the results in subreddit-specific databases. +* I wrote an application to help me audit the data. It: + * Searches the subreddit databases and stores the results either the portfolio database, or the purchase database. + * Attempts to extract the value from each screenshot. For purchases, it attempts to extract the dollar amount. For portfolios, it attempts to extract the share amount. +* I then wrote two applications for further auditing, one for purchases and one for portfolios that both allow me to: + * Audit posts where computervision failed to extract a value. + * Review EVERY post in the database with screenshot to ensure accuracy of the data. I did actually manually audit every single record used in this sample set. You can see this in action here: [https://www.reddit.com/r/Superstonk/comments/pv9lu2/manual\_auditing\_of\_computershare\_screenshots\_be/](https://www.reddit.com/r/Superstonk/comments/pv9lu2/manual_auditing_of_computershare_screenshots_be/) + * Individually add a post. + * Individually remove a post. + * Search for duplicate posts on different subs. (Image hash comparison) +* Then, to bring it all together, I wrote one more application which handles: + * If a user posts multiple screenshots of purchases, those purchases are added together into a single record. + * If a user posts a purchase screenshot, but at a later date posts a screenshot of their portfolio, the purchase record is removed from the database (since the portfolio includes the earlier purchase). + * If a user posts multiple screenshots of their portfolio, the one(s) with a lower value are removed from the database. + +# The Results. + +I found **102** portfolios totaling **12,822** shares. This is an average of **125.7** shares per portfolio. + +I found **253** purchases totaling **$1,452,453**. This is an average of **$5780** per purchase. + +Using an average price-per-share of $190 for purchases (this is a guess, almost all purchase screenshots don't have a price): + +**20,519** shares have been purchased or transferred by **353 distinct** apes. + +That's an average holding of **58.12 direct-registered shares per ape**. + +# So why is this significant? + +Recently, Apes have discovered that their account numbers are sequential... which is to say that ComputerShare is inadvertently telling us how many Apes have ComputerShare accounts with GME. + +At last count, there are 292k ComputerShare GME accounts. ref: [https://www.reddit.com/r/Superstonk/comments/pvlysv/cs\_moassameter\_new\_high\_score\_winner\_292k\_925/](https://www.reddit.com/r/Superstonk/comments/pvlysv/cs_moassameter_new_high_score_winner_292k_925/) + +**292k \* 58.12 = 16.9 million!** + +# The Statistics. + +I'll admit that this is where I fall a little short. I failed statistics in college my first try. If any statistics-apes would like to get their hands on the result set, please let me know. + +We should be able to use statistics to prove that the sample-set we have is good. We need to represent both Apes with a lot to gain, and Apes with silver backs. Just looking at the data, it looks good, but "it looks good" isn't good enough. + +My understanding of stats is that if placed apes into groupings, we should see the right-half of a bell curve (by plotting the count of shares on the x-axis, number of apes on the y-axis). Which is to say that there should be an exponentially higher number of apes with fewer shares, and fewer apes with a large amount of shares. + +I attempted to do this, and here's my results. This Tits my Jacques, not sure about you. + +[Y = Apes | X = Count of Shares](https://preview.redd.it/kav5mb1yyvp71.png?width=1600&format=png&auto=webp&s=52583e5a0a48b31bdb484d1526e63041f8c06db9) + +I'm more than happy to share my data and/or code, but I don't want to make it public. Please reach out to me via DM if you'd like the data. The database is TinyDB, so it's JSON format and portable. + +&#x200B; + +This was a ton of work. A TON. My daughters have started calling my wife's boyfriend "Dad". Next weekend, I'll re-run everything and see if I get a different average DRS/Ape. + +If you made it this far, have a banana: 🍌 + +&#x200B; + +DISCLAIMER: + +I am NOT encouraging anyone to post their purchases or portfolios publicly. I personally have not posted mine, b/c people I know also know who I am on reddit. + +BUY HOLD DRS + +We are the catalyst. + +&#x200B; + +TADR: 🦍🦍🦍🦍🍌🍌🍌➡️💻🪑📈 + +&#x200B; + +&#x200B; + +EDIT: What the hell... here's the dataset for data science purposes (51MB): [https://drive.google.com/file/d/1yC3UFMEGm8tcC06Vv-FGGx4N9LdYf-ZB/view?usp=sharing](https://drive.google.com/file/d/1yC3UFMEGm8tcC06Vv-FGGx4N9LdYf-ZB/view?usp=sharing) + +Here's the code (don't judge me; this is hackathon-level code): [https://drive.google.com/file/d/1P0Uj90uOhTeiL7GICEmnpNknEiwlCy72/view?usp=sharing](https://drive.google.com/file/d/1P0Uj90uOhTeiL7GICEmnpNknEiwlCy72/view?usp=sharing) + +Here's the code with databases and images (2 Gigabytes): [https://drive.google.com/file/d/1uaBn1yBQkdsGhQ6bkdSrhmHGBPHmOW6d/view?usp=sharing](https://drive.google.com/file/d/1uaBn1yBQkdsGhQ6bkdSrhmHGBPHmOW6d/view?usp=sharing) +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I invested in a company that builds and manages smaller Marriott properties. Something along the lines of Courtyard by Marriott or Springhill Suites. Each hotel is incorporated into a LLC and broken up into $50k units for individuals to invest. The management company takes their management fee, about 120k a year, and investors get a return on their cash. For the past 2 years, I've been getting at 8-12% return on my money. + +However, as a bonus, you get to be a Marriott Associate to take advantage of discounted rates. Certain nights is up to 50-80% off normal room rates. You can go to Marriott.com and type in MMP as the promo code and you can see the discounted rates that are offered. I stayed at the Westin Maldives for 99 USD a night, and recently they let associates take advantage of their loyalty program, so with platinum status, sometimes I get upgraded to a suite. You can also pass the associate rate discount to direct family (children, brothers, sister, mom, dad, mother in law, father in law, spouse). Food is also discounted up to 60% off. For an example, recently I stayed at Marriot Marquis in Bangkok which gave associates 60% off the daily breakfast buffet. Probably the best breakfast buffet I've ever had. If you travel a lot and take the discounts into consideration, I feel like buying into a Marriott franchise is well worth it. + +Before I had my associate rate, I usually go to hotels.com and try to spend less than 150 USD a night. But now, I've stayed at fancy tropical resorts (Maui, Bali, Maldives), JW Marriots, Ritz Carltons, W's, and St. Regis in multiple cities around the world. It's honestly been quite amazing. I mean sure, one could say that you could make a higher return on the 50k in the stock market, but it's nice being able to stay at 5 star hotels for a steal. + +~Edit~ + +I have emailed my contact already. He's the Director of Operations so may be slow to respond. Hang in there. I will give him a call if he doesn't reply to back to me. + +~Edit~ +Finally got back to me. On Vacation and will call me monday +**TL;DR:** + +* **In 2013, GME acquired the premier Apple reseller/repair company Simply Mac (ticker: AWSM). In 2016, Reiner Voigt and other fuckers from private equity firm SOL Global watched as Simply Mac got delisted while they ran it into the ground.** +* **Voigt and his other SOL friends managed to relist Simply Mac under a new ticker (SIMP). They then created convertible debt/warrants that converted debt to equity...for SOL Global itself. It then got delisted AGAIN just a few days ago, and even posts around Reddit have referenced the company closing.** +* **SOL Global also owns a major stakes in Jones Soda. The 2000s soda darling Jones Soda had a major amount of FTDs near its ATH and was eventually delisted.** +* **Jones Soda is being shopped to other beverage giants for a buyout. Perhaps the biggest part of the sale MAY be its patents: Jones Soda owns special patents that allow people/users to customize their soda branding/packaging. This brings to mind** u/SixStringsuperfly\*\*'s find that fellow meme stock KOSS is also in a patent fight with Apple over its patent on wireless headphones.\*\* + +&#x200B; + +https://preview.redd.it/womfxjhxpu991.png?width=225&format=png&auto=webp&s=62ed66401ed31378405ca85b1ac992cbd4527c29 + +For the culture: [https://www.youtube.com/watch?v=\_YvcoucCr6A](https://www.youtube.com/watch?v=_YvcoucCr6A) + +Hi y'all, it's your friendly neighborhood pineapple suppository enthusiast throwawaylurker012. I'll keep this short and I am typing this in a rush as I need to finish some work soon (fuuuuuuck) but got inspired by the ball thistles on Ryan Cohen and the almighty headband of DFV to push this out faster than a failed Rick of Spades bet. + +While looking up some info for a recent post from u/expensive-two-8218 on GME's weird float numbers showing up the same nearly 2 years apart, I tried digging for any companies that were delisted that had weird float numbers. Nothing immediately came up: Blockbuster's historical float info was hard to find for this kinda thing, and Sears seemed to have offered no dividend **(but I did find that its spin off Land's End (ticker: LE) has had some crazy FTDs and may have had a low, slow squeeze from $5 into the $40s from late 2020 into mid-2021.)** + +&#x200B; + +[C'est la...you can see a FTD spike as part of a long slow crawl up ](https://preview.redd.it/g6x23a03au991.png?width=2540&format=png&auto=webp&s=a9052381777bec48dc041a0880af989438aeafaa) + +Which doesn't mean anything, so I decided to look through some more familiar companies. I tried seeing whether Sears' old company SHOS (which was basically Sears' version of Buy Buy Baby if we think of Sears = BBBY in this metaphor) which I wrote about in "Burn the furniture, kidnap the child": [https://www.reddit.com/r/Superstonk/comments/t9vd1z/burn\_the\_furniture\_kidnap\_the\_child\_the\_story\_of/](https://www.reddit.com/r/Superstonk/comments/t9vd1z/burn_the_furniture_kidnap_the_child_the_story_of/) + +&#x200B; + +[it needed more \\"Taken\\" references gotta say](https://preview.redd.it/orqguzniau991.png?width=1278&format=png&auto=webp&s=bfa212fbb1f64019e2b222930fdb830013d592ba) + +Turns out I thought why not look back into one of the company's I talked about there! Simply Mac. + +I also talked about them in another DD that perhaps draws a bit more useful in this case, my "Spectator Mode" DD on delisting stocks: [https://www.reddit.com/r/Superstonk/comments/sp5xwx/spectator\_mode\_zombie\_stock\_birthday\_songs\_the/](https://www.reddit.com/r/Superstonk/comments/sp5xwx/spectator_mode_zombie_stock_birthday_songs_the/) + +&#x200B; + +[gotta say that title is my pride and joy](https://preview.redd.it/40qai5c4bu991.png?width=2000&format=png&auto=webp&s=9ad2f31d01c05ff2dcb1e3843a04567c6e3c2165) + +&#x200B; + +**Not for nothing (and apart from the lower than expected amount of eyes on it I got), of most the ideas in there I was mostly excited for the find that GME used to own that Apple repair/reseller business Simply Mac.** + +**You can think of Simply Mac a lot like the SHOS example for Sears in the "burn the furniture" storyline above...one was considered the "parent", the other considered the "baby", but both companies traded on the stock market. Simply Mac was basically the "baby" to GME's "parent company" back in the day**. + +&#x200B; + +&#x200B; + +[also wish this mockup I made got more eyes lol](https://preview.redd.it/yfuxwmulbu991.png?width=1676&format=png&auto=webp&s=eeef447089d7a4425e8969b7886baf75a0e1a731) + +>Remember dear apes. The story of Sears and the rampant playbook of fuckery and crime used against it could have been the same for our dear GME... +> +>**In Feb. 2020, Moody’s had downgraded GME’s debt, and Cool Holdings, which was buying GameStop’s Simply Mac business, had missed its first installment payment to GameStop. GME, on its own ropes and in need of help, demanded that Cool Holdings pay back the total of $8 million it owed to it immediately.** +> +>Despite being one of the largest Apple Premium partners back in the day, it also had a run of unfortunateness...**Cool Holdings got delisted itself just a few mere months prior, in Nov. 2019 by NASDAQ**. This helped lead to that Motley Fool article only a few months later worrying for GME. Later on, Cool Holdings changed its name to Simply, Inc. and now–no lie–trades under the ticker SIMP. Its new gamer tag/CUSIP is 82901A105.) + +&#x200B; + +So one of the largest Apple Premium partners was one that GME eventually asked for its money for as it was risking its own delisting death rattle in late 2019/early 2020. But even though Cool Holdings ran its own risk of having been delisted...**what ended up happening to Simply Mac (ticker: AWSM), GME's "baby" shorted after GME was on the ropes and needed cash now with no J.G. Wentworth in sight?** + +&#x200B; + +https://preview.redd.it/dt953fihcu991.png?width=1030&format=png&auto=webp&s=5a710fcc7ba6031dc8629d95e6bb1fcb1952e1af + +[this happened](https://preview.redd.it/r1jn1g4icu991.png?width=1142&format=png&auto=webp&s=d174648a5edb81349d0e83155edb9ead45103aec) + +>"**As long as a CUSIP never changes, you can track how the FTDs keep going. And in the case of \[Simply Mac\], which had a float of about 56 million or so shares around the time of delisting, it had a single FTD spike of nearly 1.3 million just WEEKS before its first payment to GME was due\*\***. (For comparison, GME had a \~1.7 million FTD spike around the same time, with its biggest spike being 3.5 million but during the sneeze. 1.3 million FTDs for a float of 56 million is BIG.) + +&#x200B; + +So AWSM/Simply Mac seemed to have been shorted into oblivion (potentially MORE than GME relative to GME's float) while GME was being shorted simultaneously, and delisted right before they could help give some money they owed back to GameStop. + +Simply Mac got delisted after that and end of story. + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +Right? Well, of course, not entirely. + +In Oct. 2020, Cool Holdings decided to try it one more time, and while in ownership of GME's old Apple repair/resale biz Simply Mac it decided to change its ticker to SIMP (OTCQB)**. Remember, SIMP was still Apple's LARGEST premier partner in the US, with 54 stores around the country at the time. But this was about a month on from when one of SIMP's biggest shareholders was taking a larger and larger hold of the company: SOL Global.** + +&#x200B; + +[SOL SOL SOL SOL SOL SOL](https://preview.redd.it/8igm00zueu991.png?width=2128&format=png&auto=webp&s=371ceb32e9733e98ec3a136f74ab60bff901b82c) + +But if not for a MacRumors rabbit hole, I wouldn't have found why there was such a heavy investment from SOL Global. + +**You see, GameStop acquired Simply Mac in 2013. And it bears witness to a level of fuckery that the ensuing fuckery on Simply Mac that we recently see through 2019 into 2022 (from its delisting and more)...began when the company was STILL a part of GME. And that fuckery in plain sight owes itself to the prolapsed anus that took over Simply Mac in 2016: Reiner Voigt.** + +&#x200B; + +Voigt had been a part of the Simply Mac team since 2016 and seemingly GUTTED it once he took over (sound familiar?). He then proceeded to have himself and 2 others largely helm the way the company was run: Kevin Taylor and Andrew DeFrancesco. + +&#x200B; + +https://preview.redd.it/z0at1w32gu991.png?width=2000&format=png&auto=webp&s=76772602a36bdb65226788e0fcb7e89fd65ae8a8 + +**Kevin Taylor was the CEO of that private equity firm SOL Global, and Andrew DeFrancesco is the CEO of related SOL Verano Blocker 1 LLC. DeFrancesco was enough of a piece of--ahem--work to even sell other products from another company they owned in these stores: EV Toys**. + +&#x200B; + +Remember all those SOL SOL SOL names popping up on Fintel? Well, let's see what ended up happening to this stellar SOL team that ended up overlooking Simply Mac's flaming crash into the ground and subsequent delisting? + +https://preview.redd.it/0u5wkae1hu991.png?width=2000&format=png&auto=webp&s=6f404ef67c741b30e021e6b9cdd2b17361e15a89 + +**They ended up having Simply Mac make convertible notes & warrants to payout to YOU FUCKING GUESSED IT: SOL FUCKING GLOBAL. This allowed it to basically help it convert debt to cash equity that stuffed SOL's pockets.** + +&#x200B; + +&#x200B; + +Now why does this matter? Because not only did Simply Mac get delisted back in the day and switched from AWSM to SIMP, **but it fucking got delisted AGAIN** and is now trading yet even ANOTHER fucking name in the OTCMarkets: SIMPQ. + +&#x200B; + +Hell, it's so fucking bad other parts of reddit have talked about this: + +&#x200B; + +[one of the biggest subs on this site](https://preview.redd.it/jt9q4m0xhu991.png?width=1522&format=png&auto=webp&s=e58f7c45128760864e35edee0e03b5bc303e1789) + +&#x200B; + +&#x200B; + +The MacRumors user (which TBH I sourced a good amount of shit above) showed how bad their fucking run was: [https://forums.macrumors.com/threads/apple-reseller-simply-mac-shuts-down.2347535/page-7](https://forums.macrumors.com/threads/apple-reseller-simply-mac-shuts-down.2347535/page-7) + +&#x200B; + +>I worked there for a year at the Lawrence, KS location, we were a store that opened in 2020. Worked as an operations manager, and I could tell you first hand it wasn't the fault of the pandemic. Inventory was not distributed to the correct stores, and investment in EV products are what destroyed Simply Mac. The managers have worked, including myself, 35-85 hours and will **NOT be getting paid for their labor**. + +&#x200B; + +>**\[Voigt, Taylor, DeFrancesco\] are thieves, liars, and scum. They have jeopardized the lives of over 350 employees, and have displaced 99% of them within 6 months. They funneled the remaining funds into their subsidiary companies SOL Global and SOL Verano--all of 2021--squeezing Simply Mac dry before filing Bankruptcy.** A month ago they told us we were restructuring, and without warning we were all terminated and will not be paid for a months worth of labor. We have to file claims with the bankruptcy court which could take months. +> +>**Our store was filled with thousands of dollars in inventory, but was never purchased and was never allocated to stores that sold those products.** Ex, We had over 60 adapters worth 50$, but only sold 2 a month. Hundreds of cases that were never bought.. EV products were eventually allocated after months of them not being sold. + +&#x200B; + +https://preview.redd.it/g00q0jg1iu991.png?width=1552&format=png&auto=webp&s=92977b4056995b3828dd5572b2d0665df25b1d41 + +&#x200B; + +>**Apple put holds on repairs we commenced for customers, some are sitting unfinished in my store as I'm typing this. Along with finished ones that won't be released until things clear up. They continuously fired and consolidated district and regional positions to line their pockets. All Operations coordinators, regional managers and directors, all bounced from the Gmail without saying a word to the lower end employees. They are most likely all still getting paid.** +> +>These people have ruined the security of hundreds, and they deserve to be held accountable. All my claims derive from the aforementioned SEC report and personal investigation + +&#x200B; + +[into the fucking ground...AGAIN](https://preview.redd.it/q59580thju991.png?width=2510&format=png&auto=webp&s=de90da8fb4ba70ea13ab0a8b2d619e75ea77e239) + +The anger is fucking palpable. To literally perhaps due this not once, but fucking twice while lining their fucking pockets. **It was perhaps shocking to me to hear that the fuckers that ran them into the ground were fucking AROUND when GME was getting shorted during Jim Bell era (old GME CFO).** + +&#x200B; + +But there's more to this story. + +&#x200B; + +SOL Global is a name that frankly I never fucking heard of. But they are also major shareholders in something that many of you may have heard of about at some time. Especially if you were a kid in the states growing up in the Pacific Northwest (top left corner of the country for non-Ameriapes!) + +&#x200B; + +[Jones fucking Soda](https://preview.redd.it/dz2uo1asiu991.png?width=2830&format=png&auto=webp&s=1c8cd6daa278aae07be61b608683cf146c4c1a02) + +If you've never heard of Jones Soda, just know they were BIG. And big enough that they had some major names as part of their distribution. + +&#x200B; + +>On March 17, 2004, a deal was announced to distribute Jones Soda in over 3900 Starbucks locations in the United States, though Starbucks does not distribute in the United States as of 2021. On October 12, 2004, Jones Soda introduced 12oz cans for the first time with an exclusive distribution deal with Target, though other stores (including some Kmart, Food Pyramid, and Albertsons locations) now also sell the cans. Jones Soda was also sold at Ruby Tuesday. +> +>In June 2010, the company announced a distribution deal with Walmart and $10 million in financing from Glengrove Small Cap Value Ltd. + +I mean this company was HUGE...at its height in 2007 when its stock prices was in the $30s it had actually JUST dethroned Coca Cola as the official drink of the NFL team the Seattle Seahawks. FUCKING. COCA. COLA. + +If you're curious why you don't hear about this company perhaps AS much, especially when it traded on the stock market (ticker: JSDA), it might be due to what happened a few years after these distribution deals went through: + +&#x200B; + +&#x200B; + +[roll that fucking not so beautiful FTD footage](https://preview.redd.it/tui6nsjsju991.png?width=2530&format=png&auto=webp&s=012fb0eb5591e1fd2e8826a0793294a0e94b430b) + +**Near the height of its ATH at $32, a wave of nonstop FTDs seemed to attack the stock until it finally delisted in 2012**. And now I'm not saying that this was the ONLY reason for this to have led to the failing company (its NFL deal, an Alaska Airlines deal were called into question, the 2008/09 recession, as well distribution problems with its cans on store shelves) but it does back the question of being SUPER SUS that the FTDs both (in spectacular fashion) preceded and followed its ATH. + +Nonetheless, it eventually delisted from Nasdaq back then, because its stock price hovered under $1 for too long. I talked about this issue in my Spectator Mode" DD as well: + +**Different rules apply as to why a stock might be delisted across different exchanges but here are the main ones most of us know:** + +>**Don’t stay under $1 for a long time** +> +>**File regularly** +> +>**Keep a solid market cap** +> +>**Surprisingly, one late 2000s study found of all the reasons, listing at under the $1 requirement was #1 cause for delisting for Nasdaq, #2 for NYSE. Hm…** + +&#x200B; + +Seems to have checked out for Jones. Who has since been delisted and still selling products. + +**Our favorite fuckers at SOL currently went from owning 12% of the company some months back to now nearly 19% of that company now too**. All this growing interest in Jones while the company was seeking to be sold to Simply Better, a Canadian food and beverage giant, that had actually fallen through its last attempt at a sale: + +&#x200B; + +https://preview.redd.it/utvwbqenlu991.png?width=810&format=png&auto=webp&s=a55751b7c60d533208fc8559b89ae5158236db39 + +SOL Global, who has a penchant for being fucking utter distended taints to the companies that are either delisted or heading there, is probably rubbing its greedy little hands over this. + +And although this may or may not be part of the deal, there is one thing that stand to me about Jones Soda, and perhaps why it's valuable for ANYONE to own such a large part of it. + +&#x200B; + +[Your Photos here](https://preview.redd.it/eu5u9t02mu991.png?width=1846&format=png&auto=webp&s=da5595e918192abeafc72f43daed974b0ff74d43) + +Jones Soda owns some sexy FUCKING patents: + +>[**Method and apparatus for creating and ordering customized branded merchandise over a computer network**](https://patents.justia.com/patent/6845365) +> +>**Patent number:** 6845365 +> +>**Abstract:** The present invention provides a method and apparatus for creating and ordering customized branded merchandise over a computer network. A Internet site is provided that allows a consumer to create and order customized branded merchandise, such as bottles of soda. A customer may visit the WWW site utilizing a standard WWW browser executing on a computer. Once the customer has registered with the WWW site, the customer may place an order for an item of customized branded merchandise. The customer may also be asked to identify a graphic image for customizing the requested merchandise. The graphic image may be a digital photograph taken by the customer or other type of graphic image. Once the customer has identified a graphic image, the graphic image may be displayed for editing. The customer may be permitted to crop the graphic image or perform other types of image manipulations. A preview of the cropped or manipulated image may also be provided for the customer. +> +>**Type:** Grant**Filed:** December 6, 2002**Date of Patent:** January 18, 2005**Assignee:** Jones Soda Co.**Inventors:** Ernest J. A. von Rosen, Vaclav Vincalek + +&#x200B; + +[technically they own THREE patents](https://preview.redd.it/polfrddbru991.png?width=1396&format=png&auto=webp&s=7d1ad183a03ea9e032b1b32c29608ebe874f05c1) + +Ok, that's a shit ton of text. Can someone ELI5 this shit? + +>\[Jones Soda features a ton of customization.\] **Customers can also submit fortunes (similar to a fortune cookie) to be printed underneath the bottle cap**. The website sometimes asks for specific themes for photo uploads like the Patriot Photos or the Landmark Contest in order to create a special collection of labels. +> +>**In 1999, Jones began selling Jonas through a new section of their website,in order to meet the growing demand of people wanting to circumvent the photo selection process. myJones is a customizable 12-pack of bottles with which anyone can have their picture and message. The creation process involves uploading a picture (with optional photo credit of up to 50 characters) and providing customization (up to 7 lines of 50 characters). The fortunes under the caps are not customizable.** +> +>Above the picture on the label, the word "my" is added before "Jones Soda Co." to indicate it was customized and not bought at retail. + +So Jones Soda, being ferried off to other global giants after being FTD' into the ground, and being under the growing thumb of noted GME adjacent fucksticks SOL Global, just also HAPPENS to own a patent which can let people like YOU literally upload your own pics and messages to the bottles you buy? + +&#x200B; + +[If there ever was a power to the creators moment, this might be one?](https://preview.redd.it/m6lit5rsmu991.png?width=1680&format=png&auto=webp&s=84c8b58fc58b9a1c741bf50652f52de94e50368a) + +**Jones Soda not only has this patent but has even defended it in court in the past, including in 2010. Its images were used in another patent fight between a small TX company called Quark Images LLC and Adidas. Jones had been worried that Quark was unfairly using its patent.** + +This last part about Jones and its patent perhaps matters the most regarding yet another meme stock in the basket: KOSS. + +&#x200B; + +u/Sixstringsuperfly let me know of perhaps one of the BIGGEST finds about his KOSS research: that KOSS owns a MAJOR fucking patent on wireless headphones...and Apple is fighting them over it: + +>A**s you may have heard, Koss recently had some positive news regarding their lawsuit with Apple, who wanted to challenge Koss' patents for wireless headphones.** +> +>I wanted to take some time to emphasize and explore the ramifications of this lawsuit a bit further. Apple (who makes bluetooth airpods and also owns Beats headphones) is trying to challenge the Koss patents. **The Patent Trial and Appeal Board has recently decided not to review the patents, essentially ruling in favor of Koss.** + +&#x200B; + +https://preview.redd.it/ttclaw5vqu991.png?width=2110&format=png&auto=webp&s=48f0775bea7cd8cefd674679d2364bffff1294f7 + +>**So while this is HUGE in itself, there is a BIGGER play here: THIS SETS A LEGAL PRECEDENT for Koss to enforce and capitalize on its patents in the ENTIRE WIRELESS AUDIO SPACE.** +> +>Koss is THE pioneer of wireless headphones (and many other headphone innovations). It seems to have started around 1989 with the JCK/300 infrared wireless headphones, and then in 2014 with the BT540i, the first Bluetooth headphones. +> +>**So now, with this legal precedent, ANYONE selling wireless headphones is in violation of Koss' patents. This includes products from: Apple, Beats, Sony, Samsung, Sennheiser, Google, Bose, Amazon, Cambridge Audio, OnePlus, Skullcandy, etc** +> +>**ALL OF THESE COMPANIES NOW OWE KOSS MONEY** + +When I saw what had happened to Jones, it immediately reminded me of KOSS and SixStringSuperfly's find. + +&#x200B; + +\*\*\*\* + +**It reminded me again of how even shit like patents fly in the face of the shorting that we see, and how a company like SOL seems to have hands in mirrored images to what we see, in its handling of convertible debt with a GME-adjacent company, as its hand in a shorted/delisted stock with an appetizing patent for a larger buyout client. Especially regarding that convertible debt, it sounds nearly IDENTICAL to the debt that GME was loaded up with pre-sneeze...and why it was so important for RC and the board to help pay it off.** + +&#x200B; + +Even though I have no clear way to end this, and no actual conclusion, I hope you apes can dig further into any points here of interest, or any points that matter. + +And turbofuck these SHFs and private equity twatwarbles with the biggest banana Rick can find. + +&#x200B; + +**TL;DR:** + +* **In 2013, GME acquired the premier Apple reseller/repair company Simply Mac (ticker: AWSM). In 2016, Reiner Voigt and other fuckers from private equity firm SOL Global watched as Simply Mac got delisted while they ran it into the ground.** +* **Voigt and his other SOL friends managed to relist Simply Mac under a new ticker (SIMP). They then created convertible debt/warrants that converted debt to equity...for SOL Global itself. It then got delisted AGAIN just a few days ago, and even posts around Reddit have referenced the company closing.** +* **SOL Global also owns a major stakes in Jones Soda. The 2000s soda darling Jones Soda had a major amount of FTDs near its ATH and was eventually delisted.** +* **Jones Soda is being shopped to other beverage giants for a buyout. Perhaps the biggest part of the sale MAY be its patents: Jones Soda owns special patents that allow people/users to customize their soda branding/packaging. This brings to mind** u/SixStringsuperfly\*\*'s find that fellow meme stock KOSS is also in a patent fight with Apple over its patent on wireless headphones.\*\* + +EDIT: pics, bolding +Just wanted to share, and also thank UKPF as it has proved to be a huge catalyst in my savings journey. + +I spent my teenage years in a poor, single parent household with a very YOLO attitude to spending. We were always in debt, and whenever money came it would be immediately pissed away to ease the constant anxiety through retail therapy... myself and my parent were lodgers in a HMO, which was super embarrassing when I was in school, and I've always dreamed of getting to a stage where I can afford my own room and small daily pleasures without worrying about paying bills. + +My first taste of this type of life was when I went to uni, got max loans and max grants and lived in student halls. It was amazing, I was buying ALL THE THINGS and enjoying myself like I've never done before... and like many other stupid 18 year olds I ended up eyeballs deep in my student overdraft and didn't particularly care to get back out of it (permanently) until literally two years ago. And in the last year or so, I have managed to save 10 k which is an order of magnitude more money than I've ever had at any one time before. + +When the first lockdown happened, I started getting really obsessed with personal finance (not in a good way, very much 1000% anxiety driven) and I was spending several hours every day for WEEKS on end reading all the posts on UKPF, clicking through every link on MSE, creating-deleting and re-creating spreadsheets of budgets. I opened like 6 new bank accounts, savings accounts, vanguard, the whole nine yards, and I was logging into each of them about 30 times a day 'just to check'. Honestly, looking back it was a bit psychotic, and a big part of that was because I was actually at home everyday for the first time in my life and I had way too much time and energy with nowhere to direct it. Anyways, they opened my department up pretty soon after the first lockdown ended, and that helped me to re-balance. I still live in a way that I don't have to say no to myself very much, but the big change was in what I actually end up wanting. I find that nowadays there is a lot more consideration going into my purchases, and a lot of the things I want now are higher quality buy-once kind of things. + +If you want to know, my take home income every year is around 26 k (from tax-free stipend + freelance work on the weekends) and my rent is 8 k a year, and my travel is around 1.5 k a year. So 10 k in one year has been no small feat for sure. I am so excited to one day be able to say I've saved 15, 20, or even 50 k which was never really on the horizon for me before. +Just wanted to share, and also thank UKPF as it has proved to be a huge catalyst in my savings journey. + +I spent my teenage years in a poor, single parent household with a very YOLO attitude to spending. We were always in debt, and whenever money came it would be immediately pissed away to ease the constant anxiety through retail therapy... myself and my parent were lodgers in a HMO, which was super embarrassing when I was in school, and I've always dreamed of getting to a stage where I can afford my own room and small daily pleasures without worrying about paying bills. + +My first taste of this type of life was when I went to uni, got max loans and max grants and lived in student halls. It was amazing, I was buying ALL THE THINGS and enjoying myself like I've never done before... and like many other stupid 18 year olds I ended up eyeballs deep in my student overdraft and didn't particularly care to get back out of it (permanently) until literally two years ago. And in the last year or so, I have managed to save 10 k which is an order of magnitude more money than I've ever had at any one time before. + +When the first lockdown happened, I started getting really obsessed with personal finance (not in a good way, very much 1000% anxiety driven) and I was spending several hours every day for WEEKS on end reading all the posts on UKPF, clicking through every link on MSE, creating-deleting and re-creating spreadsheets of budgets. I opened like 6 new bank accounts, savings accounts, vanguard, the whole nine yards, and I was logging into each of them about 30 times a day 'just to check'. Honestly, looking back it was a bit psychotic, and a big part of that was because I was actually at home everyday for the first time in my life and I had way too much time and energy with nowhere to direct it. Anyways, they opened my department up pretty soon after the first lockdown ended, and that helped me to re-balance. I still live in a way that I don't have to say no to myself very much, but the big change was in what I actually end up wanting. I find that nowadays there is a lot more consideration going into my purchases, and a lot of the things I want now are higher quality buy-once kind of things. + +If you want to know, my take home income every year is around 26 k (from tax-free stipend + freelance work on the weekends) and my rent is 8 k a year, and my travel is around 1.5 k a year. So 10 k in one year has been no small feat for sure. I am so excited to one day be able to say I've saved 15, 20, or even 50 k which was never really on the horizon for me before. +Senior in high school right now, about a month and a half away from graduation. Just hoping to get some assistance on how to manage money better for college and the do’s and don’ts of college spending. +Here is the start... + +[https://www.marketwatch.com/story/walmart-hit-with-wrongful-death-lawsuit-by-estate-of-worker-who-died-of-coronavirus-2020-04-06?mod=home-page](https://www.marketwatch.com/story/walmart-hit-with-wrongful-death-lawsuit-by-estate-of-worker-who-died-of-coronavirus-2020-04-06?mod=home-page) + +&#x200B; + +The last few weeks, I was expecting a boatload of these suits to come in against retirement homes, and other REITs related. This is why I've avoided them, even though my girlfriend has been strongly bullish on those sectors. She claims they have insurance coverage for that sort of thing so it won't hit them that hard. I have my doubts though... + +&#x200B; + +Question is, how much you think WalMart may suffer from lawsuits? I imagine a lot more are coming. Or one huge civil action. +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! + +Hey everyone, I booked a round trip ticket and used the first half of it to get to my destination. My return flight has been cancelled and the airline said they'd refund me $200. I think this is unfair (I'd expect half, at least) and I'm wondering if I could do a charge-back with my bank. However, I paid with a debit card, and this is my first time doing something like this. + +Any help would be appreciated. +I’m posting this on mobile, so I apologize in advance for any formatting errors. + +I see a lot of people freaking out that the SEC report on GameStop will be the mother of all FUD, the biggest test that we as apes will face before MOASS. There’s essentially two outcomes that I see coming from this. + +Scenario 1 - Gary Gensler, somehow, ends up in retail’s favor. The SEC report outlines all of the synthetic shares in existence, blatant price manipulation, FTD’s, etc, etc. Everything ape’s have been saying for months gets outlined, proven correct, and the whole world starts buying $GME in order to not miss the rocket launch. MOASS occurs, apes HODL to $50,000,000 per share, sell on the way down, and change the world for the better, forever. + +Scenario 2 - Gary Gensler, pulling a typical SEC move, releases a report that says “We see nothing, we’re going to go back to watching porn.” MSM continues to try to get apes to sell with the biggest FUD campaign yet. This scenario, however, would undeniably remove all responsibility from GameStop when the market crashes during MOASS. “No manipulation, you say? Then surely this NFT dividend won’t hurt anything, RIGHT SEC? Oh, our NFT dividend caused MOASS and wrecked the global economy? How? You said nothing weird was happening to our stock.” Overstock is still fighting lawsuits from their dividend. Scenario 2 removes any and all legal liability from GameStop, so they can simply launch the rocket themselves without repercussions. + +Either way, buy, hodl, sell on the way down, and make the world better. Buckle the fuck up 🚀 💎 🦍 +Edit: To everyone (and in particular the person kind enough to grant the platinum award, you legend): thank you for supporting this post and again feel free to send me a message if you have any questions or comments, have a great day and best of luck with your investments. + +That's right, your monthly update on the sector that the majority of people seem to hate and has a total market cap almost equal to that of Pinterest. Yes, even I was suprised about this. A sector that provides fuel for powering 20% of the entire US and around 10% of all power generation globally has a combined market cap equivalent to a website where you can look for pictures of furniture (extremely simplified but you get the point). + +But I digress, for those of you who have not read my previous updates and DD, [here](https://amp.reddit.com/r/investing/comments/hp9966/the_case_for_a_big_uranium_bull_market_and_what/) is a general market analysis and five stock suggestions, [here](https://amp.reddit.com/r/investing/comments/huo47l/uranium_miners_are_showing_big_growth_with_many/) is a market update and lastly [here](https://amp.reddit.com/r/stocks/comments/i2bf4d/the_sector_that_returned_20x_50x_100x_and_even/) another update explaining the bullish views and recent drop. I would highly suggest you read these first before asking questions, since they will probably answer most questions you may have in the post itself or between the hundreds of comments. If you do have more questions, I will be more than happy to answer them for you. + +Now, let's move on to the big one, what is happening in the sector? Well it looks like 2021 is going to be the year all catalysts come together to form one incredible bull market for uranium. + +Kazatomprom has publicly announced that their supply in 2021 will be severely impacted. Why is that? Because ISR mining in Kazakhstan is a lot like planting crops. A mining solution has to be put into the ground, which will go into the ore bodies and after between 4 and 7 months the solution can be pumped back out together with the uranium ore. The only problem is that the main 'seeding' months where between April and September, right before Kazakhstan winter. They have now missed their main mining time of the year, which means little to no new uranium will be pulled out of the ground next year for the first time in a long long time. With Kazakhstan responsible for just around 40% of the entire global supply of uranium, this impact will translate into a major supply deficit on top of the already existing supply deficit. This year it is estimated that there will be around 120 million pounds of uranium produced, where 180 million pounds was demanded. This means that inventory and mobile supply had to be used to fill this gap, further tightening the global supply of uranium. Let's talk about the wildest situation, which would be every single uranium producer, including at Olympic Dam, just ramps up to full capacity and sell everything into the market at whatever the current price is. Will that drop the price a bit? Sure it will. Will it take care of the deficit and prevent this bull market from happening? Absolutely not. + +If this structural deficit happened to any other commodity, the price would absolutely skyrocket. So why hasn't uranium? Because there has been almost no talk of nuclear utilities, the main consumer of uranium, coming into the market to buy new fuel. This will change in 2021 and especially 2022 when 40% and 80% of all utilities in the US respectively will be out of contract and thus not getting their all important fuel for the nuclear power plants. + +This contracting cycle comes at the same time as the biggest supply deficit we have yet seen, the closing of several high profile uranium mines, like Orano's Cominak mine, the lack of new uranium mines for at least the next 2/3 years and above all the increasing demand for uranium all across the globe make this entire sector a coiled spring. We do not know when it will go off, but the longer it stays this way the higher the jump and this jump will come. My guess is that there are several small bumps this year and that there will be a huge jump next year which will trigger a bull market that may even eclipse the likes of 2002-2007 and will last between 2-4 years depending on how long it takes for all utilities to sign new contracts and the market to be supplied well again, after which the market will come back down to 'normal levels'. + +Lastly, there have been index funds who are restructuring their holdings to have more pure play exposure to uranium. $URA will move from 50% to 70%, adding 32 million dollars to the sector. With a sector that had such a small market cap, inflow of capital like this can move the needle substantially. Just imagine what will happen when the general investment community and all those people who made millions in the previous bull market decide to invest into the sector. That will do more than just moving the needle or spring the coil, that would put the needle and the coil into a cannon. + +All signs point to this being the most asymmetrical risk/reward investment you can find in the market. I will not deny the risk it brings, but the potential rewards are so large that they easily write off any risk that might be involved investing in this sector. When all is set and done, those that invested early and held on through all the volatility will be greatly rewarded for their troubles. + +Extras: +I highly suggest checking out people like Brandon Munro, the uranium insider, John Quackes, Crux Investor, Rob Chang and especially Mike Alkin who all have extensive information on the sector and the investment thesis. + +Disclaimer: +Uranium holds a 25% spot in my total portfolio, with significant positions in Cameco (CCO), Denison Mines (DNN) and Energy Fuels (UUUU). +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* 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! + +Why or why not + +Edit: thinking about taking this guy's advice. Thoughts? + +https://www.reddit.com/r/Burryology/comments/oh9dl1/the_curious_case_of_shorting_tesla/?utm_medium=android_app&utm_source=share +Just finished Invested by Danielle and Phil Town. Researching the authors and all I can find related to how well his investments have turned out for him is an estimated net worth of 5-6 million. Obviously that's a lot to many people but it isn't the huge number I was expecting. Thoughts? +Hello Value Investors! + +I’d like to pick your brain about the above mentioned company as their financials really caught my attention and I’m weighing up whether it's worth an in-depth analysis. + +For some context here, Yalla Group Limited operates a voice-centric social networking and entertainment platform under the Yalla name primarily in the Middle East and North Africa region. The fact that it is still confined in a relatively small geographic area offers the company meaningful scalability opportunities. + +The average MAUs is 29.9m, an YOY increase of 35.6% and the number of paying users on the platform is 10.6m, a YOY increase of 65.3%. + +As of June 2022: + +* Market cap: US$600m; +* Revenue: US$287.294m (YOY growth of over 30%); +* Earnings: US$82.750m (profit margin: 28.8%); +* Cash and cash equivalents: US$384.907m; +* Total assets: US$441.474m; +* Total liabilities: US$51.501m (no debt); +* ROE: above 20%; + +The only red flag I found is the insane dilution of shares (which, to be fair, is quite common in Small-Caps and social media-related companies), but it seems to be under control in the last two years. +I invested in a few stocks that I regret buying (prior to my understanding of fundamentals etc.), some are up and some are down. None of the stocks are value plays, and am not sure what to do with them. +Shopify Inc., a company that suffered from one of the worst fallouts of the covid pandemic and lost over 70% in 2022, is finally showing signs of recovery. We all know Shopify by now, but for those who aren’t familiar, Shopify is the most famous e-commerce store builder out there, dominating 29% market share of e-commerce sales software. + +But after the Covid restrictions had finally lifted, e-commerce companies have gone through a fallout (YoY growth-wise). The struggle continues even today, with consumer spending decreasing while costs are increasing. But even though SHOP is having tough times, Q3 shows a positive turning point. + + +## Why you should invest in $SHOP + +Despite the current e-commerce slowing, global e-commerce sales are expected to reach $8.1 trillion by 2026. Online shopping is here to stay and will probably grow as technologies like AR make the internet a much more interactive environment. In Q3, SHOP reported better-than-expected revenue and a narrower-than-expected loss, which surged its stock 17% on October 27. + + +Looking further into the financials, [SHOP revenue](https://www.jika.io/quote/SHOP/financials/revenue/revenue) increased 22% YoY ($1.37B) and beat estimates by $30M, SHOP also lost 2 cents per share beating analysts' estimate by 5 cents per share. Their 2 most profitable segments are Subscription solutions, which increased 12% YoY($376.3m), and Merchant solutions which increased by 26% ($989.9m). + + +The company keeps creating successful solutions like Shopify Payments, and great acquisitions like Deliverr, an e-commerce shipping company. Overall, the company shows continuous successful initiatives that maintain great growth. Similar to what Amazon did, Shopify’s plan is to simplify logistics and support fast deliveries across the U.S. + + +# Why you shouldn’t invest in $SHOP + +Short-term, I estimate that [$SHOP](https://www.jika.io/quote/SHOP/overview) will be negatively impacted by its continued investments. Shopify’s operating expenses increased by almost 45% in Q3 of 2022 compared to last year, expenses were mostly invested in marketing - Shopify relies heavily on marketing. Worth mentioning that the company anticipates a decrease in operating expenses for Q4, analysts think the same. + + +## Final Thoughts + +It’s safe to say Shopify is the leading company in the e-commerce market, and with a successful portfolio of recent acquisitions and initiatives, I believe this company is in good hands, steering to the right direction. + +With that being said, Shopify is currently investing a lot of money in itself, meaning the stock is in a volatile state, and it’s reasonable that the stock will be affected negatively in the short term. + + +**SHOP is a great value investment, and I will probably buy a position at a better buying point sometime in the near future.** [**Follow my portfolio**](https://www.jika.io/u/Crowman) **to learn when.** + + +Shopify's Q3 - [https://investors.shopify.com/financial-reports/default.aspx](https://investors.shopify.com/financial-reports/default.aspx) +I've been diving deep into this world, especially value investing but I can't get my head around how an investor can keep the lights on. I understand the intrinsic value of investing for my future and my family but how does that translate to paying your bills? I know that I can build great wealth and leverage that down the line and it's a glorious way to raise that net worth. +But how would I buy groceries? + +I know this is a loaded question and I'm going to get some paragraphs but I think the conciseness of this answer is what I need. It's probably easier than I'm making it out to be but investing is important and I want to do it right. +With Coinbase bringing tons of attention and looking like it will have a sky high valuation many are going to be looking for cheaper c****o stocks. + +Mining stocks produce leveraged returns over the underlying asset, whether it's gold, silver, or bitcoin. + +* You are buying the profit (variable) minus costs (fixed). + +* Say it costs $10 to mine $11 worth of bitcoin/gold. That's $1 (10%) profit. + +* The asset doubles in price to $22 (+100%). Profit is $11 (+1100%). + +Evaluating miners can be daunting at first but they're actually very simple [quantifiable](https://static.seekingalpha.com/uploads/2021/3/12/49782598-16155711719714544_origin.png) operations with very little guesswork. By looking at [current](https://static.seekingalpha.com/uploads/2021/4/5/49782598-16176481499887147_origin.png) and [future](https://imgur.com/a/FS884xP) hashrate, electricity costs, and saved bitcoin we can value these companies with high precision at specific bitcoin price points. + +There are two ways to value these stocks. Based on [current hashrate](https://static.seekingalpha.com/uploads/2021/4/5/49782598-16176654693896902_origin.png) or [projected hashrate](https://static.seekingalpha.com/uploads/2021/4/5/49782598-16176645878387735_origin.png). Their proper value probably lies somewhere in between. + +With a very very modest 25PE (miners and hot tech stocks often go into the 100's) and bitcoin $100k (lower than most institutional estimates) we can calculate a [3.5-5.1x potential](https://imgur.com/w7uvlo5). + +Miners are a leveraged play on bitcoin like gold miners on gold. Their profit is the difference between the price floor to mine and price of bitcoin. Profitability data can be tracked [here](https://bitinfocharts.com/comparison/bitcoin-mining_profitability.html#1y). + +Unlike leveraged bitcoin you can't be washed out. Unlike altc*ins you don't risk picking the wrong blockchain. They combine the upside of altc*ins with the inevitability of bitcoin but somehow get the least attention. This of course also means they are more volatile than bitcoin so you need an iron stomach. + +The public miners are in a race to secure hashrate and cheap power. With announced purchases we can calculate their [income](https://imgur.com/W2gRL0K). + +Miners are incentivized to [h*dl bitcoin](https://imgur.com/61rSlV9) and in some cases outright buy bitcoin for their balance sheets. This further increases price appreciation when bitcoin moves for the stocks with a high h*dl. + +Mara and Riot have the highest market caps being on Nasdaq. However, the pre-Nasdaq stocks' [market caps](https://imgur.com/aKzj0PG) are far behind what their hashrate should be valued. There are some massive [price dislocations](https://imgur.com/P9qxdCx) going on because of the Nasdaq barrier. + +[Blonity](https://www.youtube.com/channel/UCPJvLknI9JEwW_p4m8xaAow) is a great analyst in the sector and has created an all in one [BMXI indicator](https://imgur.com/V3wWOtS) which calculates the degree of undervalue of each stock based on these hashrate-to-marketcap discrepancies. This [playlist](https://www.youtube.com/playlist?list=PLuzv_eMtviCHnWJ9Irn-nqslzD1XV5xsY) explains in more detail how the indicators work. Note: DGHI & DMGI are new smallcap miners that were recently added and have less history than the rest and I wouldn't recommend making them a main position. + +A Nasdaq uplisting could be explosive for the OTC miners. However, Mara and Riot may outperform in the short term due to better accessibility. In the long term Mara has the most future hashrate secured and will dominate the scene. My strategy is to hold mostly OTC miners now then roll into the Nasdaq miners after the value gaps close. + +The biggest concern about miners (and what previous DDs here got wrong) is that mining is intensely competitive with little moat and they will lose marketshare as global hashpower ramps up. This is unfounded for multiple reasons. + +1. Asics and cheap megawatt energy & facilities are in short supply and they have bought up large shares for months to years into the future. Backlogs are huge. +1. Bitcoin's price and mining profitability has always appreciated [faster](https://imgur.com/0E73cNv) than the hashrate & difficulty so it's not an issue in the next year +1. Public money should give them a growth advantage and I asked Blonity to test this hypothesis and indeed they are gobbling up [marketshare](https://imgur.com/rj0yW27). + +These companies are also branching out. Argo has purchased a staking company, Hive & Hut8 do some GPU mining which can be used for AI/Rendering computation, some are buying bitcoin like Microstrategy, etc. They will evolve into general blockchain and data companies. + +We can [calculate](https://imgur.com/poG6ZP3) how many times their share price could multiply at $200k bitcoin at various PE ratios. Hot tech companies can have PE's in the 100's. They're currently trading around 3-4. + +This is the most asymmetric trade I've ever seen if you are bullish on bitcoin. With Coinbase around the corner I think these companies are going to get a lot of attention soon and the quiet pre-Nasdaq miners could have quite a run. + +Another great way to hold these is the [BLOK ETF](https://amplifyetfs.com/blok.html). It has surprisingly good holdings with all the pre-Nasdaq miners represented in the top 10 and I highly recommend it. It has some good exchanges and straight bitcoin funds as well and they will be [adding](https://www.youtube.com/watch?v=xKE1tAyCSyo) COIN. + +Some other resources [1](https://seekingalpha.com/article/4417795-sizing-up-12-bitcoin-mining-stocks) [2](https://www.youtube.com/channel/UCPJvLknI9JEwW_p4m8xaAow) [3](https://www.youtube.com/channel/UCmnlt28-isf3okeyjUVHVhQ) [4](https://www.realvision.com/shows/the-interview-crypto/videos/blockstream-the-benefits-of-investing-in-bitcoin-mining). +Paid rent for this month, power and utilities. Plus I finally paid off a payday loan from two months ago, and I was able to bring my bank account to it’s minimum member amount. After a long time of doing things the hard way this sub has really helped me get a grasp on these basic skills. + +Thanks, see you next paycheck! + +Edit: I just want to say thank you guys for all the support, I mostly lurk but I’ve been on redddit for years. Honestly means a lot to have this support, I was kinda bumming about being broke but you’ve helped me see the bigger picture again! Keep on keeping on +August 10th is July 41st. It is also 90 days after RC’s supposed meeting with the SEC (see his [tweet from 5/12](https://twitter.com/ryancohen/status/1392649234944507906?s=21) + +GME also stated that the DTCC has 90 days to distribute their dividend or else they’ll take matters into their own hands. + +[This tweet from April ](https://twitter.com/ryancohen/status/1381829698263654401?s=21) suggested something big was gonna happen on a Tuesday. August 10th is a Tuesday. (The Culver City GameStop location is next door to a Tuesday Morning). + +We know GameStop was rumored to need the London fork for Ethereum to be completed before launching their NFT. That finished this past week. + +Now RC tweets [referencing this post](https://www.reddit.com/r/Superstonk/comments/ovdtis/gme_entering_next_week_like/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf) about something big happening next week. + +Jacked + + +Edit: keep those titties jacked, but a reminder that I did mark this as a shit post as a lot of it is conjecture +Since I’ve seen so much arm chairing about the PR to move EIP-999 to Accepted status made by u/5chdn and so much false information about what happened, I feel like this breakdown is necessary. + +First, Afri was at the Ethereum Magicians governance meetup in Berlin and was told, confusingly that if the Core Devs didn’t reject/object to the EIP in the ETH Core Devs meeting after it was discussed, he can submit a pull request to have the status updates to ‘Accepted’. This obviously isn’t true because it’s more complicated than that (requires it to be on the agenda AND voted on with the outcome being to move it to ‘Accepted’ state). Since it wasn’t voted on and can’t be on the agenda to do so without clear community consensus, whoever said that was mistaken or confused or confused Afri. + +Second, the Pull Request has to be merged by an Editor (not him) for the status to be updated. An editor (u/souptacular) saw it, and said (paraphrasing) “Hey Afri based on the April Core Devs meeting, you can’t do this for controversial EIPs, it has to be voted on by the Core Devs before changing the status to Accepted, and it wasn’t even on the agenda because philosophically controversial EIPs that lack community support can’t be added to the agenda for the vote until community support is clear.” Afri apologized for his mistake and asked that the PR be closed. + +This conversation wasn’t private. It was public as it took place in the Ethereum/AllCoreDev gitter chat which anyone can view. + +Also, I would kindly ask people not to be a dick to one of the most important contributors to Ethereum. Afri and ParityTech single handedly kept Ethereum afloat when it was being spam attacked to no end during DevCon 2. The dude is all about Ethereum and one of the best all around people we have in the community. +I, like many others find this whole Mt.Gox debacle very suspicious. Information surrounding Karpeles, 2bitidiot's leak, and US subpoenas is all quite vague and none of it seems to match up. We have been given ZERO conclusive information on how the bitcoins were stolen or even how long ago. + +I implore everyone in this community to not just settle for this frog march of Karpeles. With bitcoin we have the ability to PROVE where these coins are. + +The elephant in the room is that 800k bitcoin DO NOT just disappear without a trail on the blockchain. We have this ground breaking public ledger technology, lets not take it for granted. + +Demand proof! If Gox has control of these coins or not, the BTC MUST be accounted for. Do not let this go by the wayside. If Mt gox is not able to provide us with this proof not one person should believe the official story. + + +**EDIT: I did not lose bitcoin in MtGox. I am merely trying to spread awareness of the power blockchain has to prove or disprove claims people make about bitcoins being stolen. There are many class action lawsuits being brought against MtGox and this ability to trace the coins needs to be included in the trial.** + +I'm a young financial professional but I am severly burnt out. I made a lot of great changes, however, I +just don't think I want to sit at a desk the entire day. + +Are there any decent jobs that intersect low stress, non-client/customer facing and preferably not overly physical? I don't care if it is watching paint dry. I just don't want to be in an office. I am willing to learn new skills but assume I revert back to my usual occupation eventually. As always, thank you fine people at r/ausfinance +As part of the Obama-era crackdown on for-profit colleges like ITT Tech and Corinthian Colleges, the Education Department wrote something called the "borrower defense rule." It specified how students could get their loan money repaid if their schools were found to be shady. Borrowers had to submit an application and show how they were being defrauded. But if the school was shut down altogether, the loan discharge was supposed to be automatic. + +https://www.npr.org/2018/12/14/676755770/the-education-department-is-canceling-150-million-of-student-loan-debt + +https://studentaid.ed.gov/sa/repay-loans/forgiveness-cancellation/borrower-defense + +This isn't anything fancy, I'm going back into retail, but with my current job I'm lucky if one of my paychecks each month equals my rent. I don't plan on leaving my current job for a while as I like it, but even doing 30 hours a week at the new one will make the biggest difference right now. + +Granted, I'll lose my foodstamps and probably my health insurance, so that'll suck, but I'll actually be able to go get a hair cut or buy new socks when I need them. + +ETA: some more details in response to the automod comment. My new job will be $16/hr, I will still be doing the current $10/hr job on weekends. This was never meant to be my only source of income but I lost my job where I made $13/hr earlier this year. + +My rent is 575 plus a couple utilities which used to be average cost in my area but is now the new dirt cheap. I have a bunch of debt from struggling for so many years on my own, it will take me quite a while to get completely on my feet. This is not the job I want for the rest of my life, but it may make it possible for me to go back to school, which is what I've wanted for a few years. +Reselling was a good landing point after the disaster known as school consumed the vast majority of my life. I still have PTSD from it. + +However, I don't know if it is a good job for me. I work "full-time" with no other income sources and make around $20,000 net after taxes or $23,000 before tax. + +I have not applied myself fully to the business (still pay sales tax on items I purchase for resell, no car, limited inventory space). The main issue with reselling is buying items and holding inventory. + +I few myself as an anti-consumer minimalist so reselling is only really fun once the item sells and it leaves (hopefully forever) my living space. I have one storage unit but most items that are soon-to-be listed are in my apartment. + +I feel like there is this level of dread. Within my procrastination matrix, the things that need to be done (listing) are put-off until my sales are completely dry or it is a very easy to list item (new stuff). Shipping and packing up items are focused with a time crunch. This is actually easier because it allows my mind to focus on a single task. + +I am not sure if reselling is for me due to the conflict in personality. In fact, I much rather be at an estate sale and tell others why they should buy a certain item. But when I buy something, I feel like I am betraying my philosophy. + +Not sure what other jobs I could get though. I view myself as an undesirable hire. Mainly due to having no filter in the interviewing process. And (generally) the requirement of owning a car (I can't drive). + +What would you recommend? +I had some recent high school grad wanting a cpu. He needed like 80 bucks. My sup convinced him to apply for our credit card. I guess he didn’t know it was a credit card. Right before I submitted the application I got a weird feeling and asked if he knew this was a credit card. + +He said no so I told him it was. His plan was to apply and cancel it after he pays for the cpu since we can’t hold stuff or reserve it. Also I asked him if he new what credit scores were. He thought every place had their own credit scores. + +Please people that enter adulthood ask and make sure you know what you are applying for. +Curious to hear people who are fatfiring in HCOL areas in the current bear market. What geo? What target number? Any budget adjustments? + +By the numbers thinking $200k/yr (5M nest egg) gives a comfortable (not lavish) lifestyle. But for those in HCOL how are you calc house equity where a house is $1M or $2M. If $5M Fire number should your $2M house count? Or it’s $5M not in the house since you won’t easily be able to get it out. Also if a good chunk is in retirement Roth and 401k do you also not include those amount in your FIRE since you can’t get to it for another 20+ yrs. + +So curious to hear success stories specifically in HCOL and do they really exist if it’s just a mythical unicorn 🦄. 😁 +Have been reading multiple forums that gold ETFs,gold bonds and digital gold are better than physical gold.But per my reading: +1.Gold ETFs and MFs lose hands down when compared to gains made by physical gold in the last 5 years +Excerpt from kuvera: +ETF gained 34.83% while the MF gained 33.01%. Between the same time (19 Sep 2014 to 6 Sep 2019), the price of 22K gold went up by 51.3% (from Rs 2,525 / gm to Rs 3,820 / gm). +2.Soverign gold bonds-have liquidity concerns. +3.Digital gold(like gold on paytm)-3% immediate notational loss due to buy-sell price spread. + +With all these factors working against these so called alternatives to physical gold why do economists argue for these alternatives? Any reasons apart from security concerns and zero fucks given theories like: gold in the locker does not help the economy? + +And also if someone has an extremely bearish view on the economy,does it make sense to be bullish on gold? Gold seems to have performed extremely well in recessionary periods. + My father passed away yesterday and I’m arranging his funeral as well as getting his things in order. I think I’m okay on the funeral front but being a 21 year old student I don’t know how to deal with all the rest. + +My father was quite secretive and I don’t even know what assets he has. He used to live in southeast Asia and my step mother told me that he had a bank account in Thailand, a storage unit in the Phillipines as well as ‘bond money’. What does that mean and what steps should I take to deal with those things? How do I make sure that we have everything in order? How do I know if I’m missing anything? + +Thank you for your help. + +Edit: I'm trying to tackle this as soon as I can for peace of mind and because of the complexity of our administrative system. Thank you for your kind words. +Hi, so we escaped Melbourne due to the cost a few or years or so ago before the pandemic hit. We ended up in Darwin of all places. The rents were pretty reasonable at the time. We were paying $450 per week for a decent home in a suburb called Anula. Then the pandemic hit. + +My landlord was the handyman for the property so we often spoke. He told me he lost his job so he was very thankful that I never missed a payment during the midst of confusion and heavy lockdowns. At the end of the lease agreement they asked us to vacate the property. The house was readvertised for $500 per week. What sucked the most was the fact my wife had quite literally just returned from hospital after giving birth. We quickly looked for advertised homes and then had a new problem. Vacancy rates were almost 0!!! + +I remember being so pissed and sad. I was employed and I could not even afford / get a house. I also could not pay 12 months in rent which seemed to help people get across the line. By pure luck we managed to secure a 3 bedroom 300m2 home in Palmerston (about 20 mins from town) for $550 a week. It was expensive and would impact our cashflow but it we somehow managed. Deferit. After pay. Zip pay etc to keep up with bills (all paid back eventually). All was going well until our new recent lease negotation kicked in. They wanted $600 per week. We reluctantly agreed but were more concerned with being homeless if we could not find a property within 4 to 5 weeks. + +By this point I cracked it again. I opened up Realestate.com.au and had a look how far my money could go in other regions. I somehow ended up looking at Townsville. It was not as hot as Darwin, it has a better Hospital and Uni and it was a slightly bigger town. It also was close to Cairns, Airlie Beach and Whitsunday (which I love). Overall it just seemed like a good option relative to Darwin for a similar life style. + +We ended up buying a 900m2 4 bedroom home over there in a family suburb which is about the same distance to town where we lived in Darwin. The only differene was for the same quality home and proximity to town, we would have to pay about $200K more in Darwin (???). + +Long story short, our costs have been cut almost in half and it has improved our quality of life significantly. You do need to be careful of not buying in a flood zone as this can leave you with high insurance costs. We also got solar as Townsville has over 300 sunny days per year which has cut costs significantly too. + +I used to be a share guy through and through but now a PPOR is just a non-negotiable for me now. It really impacted my families and my own well-being during this pandemic. There were times were I was questioning life. It felt like everything was going against us. Child care costs, school costs, housing costs, petrol costs, food costs.... like man was it tough. + +Curious if anybody has similar stories? I'm sure there are other people like me out there. Hope you're doing alright!!!! + +Ps sorry if punctuation isnt great. Attempted to share this from my mobile device. +The Telegraph is reporting that, according to a US fund house, the UK stock market is the only place money can be made in the next seven years. It says US stocks will decline 6.6% per year, global stocks by 1.6% a year and emerging markets by 2%, all after 2% inflation is accounted for. The UK market will rise 1.8% a year apparently. All based on "research". + +Opinions? Would anyone sell global to buy UK? I have a 5.5% UK allocation currently, matching global share. +I commented on a post last night and it got a lot of attention and caused me to spend some time thinking about the trading community at large. I received numerous messages and words of encouragement and as I was reading through these and talking with my wife I told her how much I enjoy teaching and helping other traders. It's one of my biggest passions in life. + +I am certainly not the best trader in the world. I'm not a millionaire and that's not my desire if I'm being honest. I make mistakes. I make bad trades. But I'm always trying to improve. I'm always studying and trying to grow and trying to get better. I'm always available to help others. + +Basically the point of this post is simply to say this - I'm available. If you want a mentor, if you want help, if you have questions, I'm available. And I'm not one of these furus on Instagram or YouTube promising riches and lambos if you pay me x amount of dollars per month. I can't even fathom charging to help others. But I just want to help other people. I want to see others succeed and I want to see others receive the benefits of trading like I've received. + +So if you need help. Send me a message. We will setup an email thread, a discord chat, whatever works. But I'm learning more and more as I've been trading that what I enjoy more than most things in life is to help other traders. + +Trading certainly is an individual game, but let me tell you it's SO much better to be a team. + +EDIT: Damn fam thank you all for the kind words and encouragement! I am currently working through the messages and will make sure to respond to everyone. THANK YOU again I am truly honored and humbled. +I'm not sure if this is the proper sub for this but I came looking for advice because I'm a little confused. I work for a manufacturing company and got recommended for a promotion by my manager. The job offer came and it wasn't quite at the level I was told could have happened. It was still a good pay increase with slightly better benefits so I countered for a dollar more an hour than they offered. Word came down that a higher-up was very angry by my counteroffer. I was told he said I'm being greedy since I'm "unqualified and being given a chance anyway". I'm wondering if this is normal? Should I not have countered because I don't have the degree typically associated with this job title? I'm not familiar with this process and could really use some advice on if I messed up here. +I have read somewhere that when a company is taken private it can focus on long term goals instead of quarterly earnings, but what about Apple or Coca Cola? These companies are public and still they have a long term approach to their business. I also don't see how less reporting requirements are good for the stakeholders. There seems to be no obligation for making financial statements. They also can't easily raise capital anymore once they are delisted. Can somebody please elaborate to me the advantages of private companies? +>**Earnings:** $1.37 per share, excluding certain items, vs. $1.21 per share as expected by analysts, according to Refinitiv + +>**Revenue:** $33.72 billion, vs. $32.77 billion as expected by analysts, according to Refinitiv + +https://www.cnbc.com/2019/07/18/microsoft-earnings-q4-2019.html +I have never seen a more obvious inside deal between Bcash and Coinbase. I am moving all of my trading to Gemini personally. As a bonus Gemini supports SegWit unlike Coinbase. I can't tolerate blatant disregard to integrity from Coinbase. +They just got their 4th **huge endorsement** and the biggest to this day[!](https://imgur.com/gallery/oST2wa0) Hollywood actor and star of Power, **Michael Rainey Jr!** **His Instagram [story](https://instagram.com/stories/michaelraineyjr/2562610324971911708?utm_source=ig_story_item_share&amp;igshid=5rz666t93ihu) featuring $Bingus!** You might just catch him in our Telegram if you’re lucky! + +Bingus just donated $10k to Hope for Paws in his name, the 7th donation so far! All donation links are at the bottom of this post. + +**Oh and what’s that, a [new track](https://soundcloud.com/bbnomula/bingus-20-40million-market-expectancy/s-oz3htBobQfS) by BBno$?! Pump it up!** + +I bought Bingus initially as a YOLO out of my leftover BNB, because who knows these days, anything could generate a quick return from nothing. The thing is, with Bingus, the more I interacted with the community, team and saw how well the coin was being represented outside of this little BCS token bubble, the more I liked it. + +What gives me confidence in **Bingus is the teams honesty. Pure, complete honesty.** They’ve not set stupid unrealistic plans like many other coins do and have been honest every step of the way. When something bad happens, we’re first to know (not that it has – the worst we’ve had was a slight delay on an announcement). Which means when we’re told something good is happening, oh boy am I excited. + +Mike, the public face of Bingus, has not promised anything he cannot fulfil. He’s so far managed to secure **Michael Rainey Jr** and online personalities such as MoistCr1tikal who genuinely loves the project. That’s absolutely nuts! The fact that **famous people, both IRL and online have staked their reputation on Bingus’s success by promoting it** should tell you all you need to know about this project and the team behind it. + +I've since more than doubled my stake and have seen some *fantastic returns*. I'm in it for the long-haul as I do truly believe with the backing and community involved, it can reach a wider, mainstream appeal. Plus **it saves animals**, what's not to love? I’ve not sold my stake yet, but I always smile when I refresh my wallet. Out of all the teams to push a charity token to the masses, this is the one! + +The token itself is simple and does not have insane reflect/burn ratios. It’s only **3% slippage**. That’s like, a bank transaction. *1% burn, 1% charity, 1% return*. Because of that, it can hold real-word, long-term sustainability. I don’t think people fully understand how valuable this project could be come if online stores, events, conventions etc start using it as a payment method. Try to pay for something using Safemoon. I dare you. + +If I am honest, I hate the term “mooning”. Because that just implies a quick flash in the pan. **This coin is going to go places, for sure.** But the crucial difference is that it will still be **here in a years time**, with way more people on board. It’s not even 1 month old yet! + +Get in now if you want to see some great returns. Stay for the long run to help save animals in need and make *huge* returns. + +**Token Links** +============== + +$Bingus website [bingus.finance](https://bingus.finance/) + +**Buy $Bingus on PancakeSwap** [here](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +[Bingus chart](https://charts.bogged.finance/?token=0xdA20C8a5c3B1AB48e31ba6e43f0F2830E50218D8) + +[CoinMarketCap](https://coinmarketcap.com/currencies/bingus-token/) + +[CoinGecko](https://www.coingecko.com/en/coins/bingus-token) + +[Audit](https://dessertswap.finance/audits/Bingus%20Token%20BEP-20%20Audit%206489097.pdf) + +**Social Links** +============= + +[Telegram](https://t.me/bingustoken2official) +^(complete the captcha in time) | [Telegram News &amp; Announcements](https://t.me/bingustoken2official) + +$Bingus on Reddit r/BingusFinance + +[Discord](https://discord.com/invite/qKdZdd558F) + +[Instagram](https://www.instagram.com/bingustoken/) + +[Twitter](https://twitter.com/bingustoken/) + +[Facebook](https://www.facebook.com/BingusToken/) + +**Charity Donations** +================ + +Donation 1 (**$350**) [Wright-Way Rescue](https://imgur.com/GjMOBt5) | +Donation 2 (**$1000**) [Forgotten Animals](https://imgur.com/a/Evvmvah) | +Donation 3 (**$3000**) [Reversed Rescue](https://twitter.com/bingustoken/status/1381103970383491072?s=28) | +Donation 4 (**$2500**) [Jersey Animal Rescue](https://www.instagram.com/p/CNlTQO8p1ik/?igshid=c9i35ifw2b0o) | +Donation 5 (**$3000**) [Sterling Shelter](https://imgur.com/gallery/VXPICLP) | +Donation 6 (**$10,000**) [The Real Bark](https://imgur.com/gallery/wjYnZQ9) | Donation 7 (**$10,000**) [Hope for Paws](https://imgur.com/gallery/H8FfkJo) + +**Endorser Links** +================ + +**Michael Rainey Jr** + +[Power](https://m.imdb.com/title/tt3281796/) | [IMDb](https://m.imdb.com/name/nm3691729/) | [Instagram](https://www.instagram.com/michaelraineyjr) | [Twitter](https://twitter.com/michaelraineyjr) | + +**Rocky Kanaka** + +[Save Our Shelter](http://saveourshelter.com/) | [YouTube](https://m.youtube.com/c/rockykanaka/videos) | [Rocky’s Website](https://rockykanaka.com/) | [Instagram](https://www.instagram.com/rockykanaka/) | [Twitter](https://twitter.com/rockykanaka) | [Facebook](https://www.facebook.com/rockykanaka/) + +**BBno$** + +[Spotify](https://open.spotify.com/artist/41X1TR6hrK8Q2ZCpp2EqCz) | [SoundCloud](https://soundcloud.com/bbnomula) | [Twitter](https://twitter.com/bbnomula) | [Instagram](https://www.instagram.com/bbnomula/) | [Facebook](https://www.facebook.com/bbnomula/) | [Reddit](https://www.reddit.com/r/bbnomula/) + +**MoistCr1tikal** + +[Twitch](https://www.twitch.tv/moistcr1tikal) | [YouTube](https://www.youtube.com/channel/UCq6VFHwMzcMXbuKyG7SQYIg) | [Twitter](https://twitter.com/MoistCr1TiKaL) | [Instagram](https://www.instagram.com/bigmoistcr1tikal) + +**Charity Links:** +============= + +**Wright Way Rescue** + +[Twitter](https://twitter.com/WrightWayRescue) + +[Instagram](https://www.instagram.com/wrightwayrescue/) + +[Website](https://wright-wayrescue.org) + +**Forgotten Animals** + +[Twitter](https://twitter.com/forgottenanimal) + +[Instagram](https://www.instagram.com/forgottenanimals/) + +[Website](https://forgottenanimals.org) + +**Reversed Rescue** + +[Twitter](https://twitter.com/ReversedRescue) + +[Instagram](https://www.instagram.com/reversedrescue/) + +[Website](https://www.reversedrescue.com) + +**Jersey Animal Rescue** + +[Instagram](https://www.instagram.com/jerseyanimalrescue/) + +[Facebook](https://www.facebook.com/jerseyanimalrescue/) + +[Website](https://jerseyanimalrescue.com/) +Preface: I’m really new at financial markets of any kind, but not so new I didn’t give up on #Dogecoin as an investment near immediately. I’m here to stay and trying to learn. + +I just read my first white paper 📝 and VeChain from what I can gather about market caps, where technology is going, & supply/demand, at some point barring some implosion of the team, VET is going to boom. People talk about it a lot. Me being that new fucker thought it to be another Pump & Dump because I didn’t even know what the fuck a pump and dump was until I quit listening to only Redditors and Youtubers and read some shit. + +I will not Lie. I want to be rich. I don’t expect it to happen next weekend, I’m in it for the long, but I won’t fool myself. I want to make the kind of money where my wife and I can just give it to people. To causes. To make the world not so ugly. Really don’t know where I was going at the end, but VET. VeChain. Thoughts? Additions? +Evening everyone, + + +I thought I would do something different this time rather than whinge about house prices or ask about investing so decided to make a more casual light hearted discussion. + + +Given the nature of this sub we are more likely to be more frugal than the general population and thus have a higher savings rate and lower spending rate. However we are all human at the end of the day and we all have our wants, desires and non-essential spending unless you live like a monk (if you do there is nothing wrong with that, all the power to you). So whether it be small treat, a full blown luxury, hobby (cheap or expensive) or everything in between what are 'non-essential' things you refuse to skimp on or be frugal about ? + +Before COVID I used love travel to locations on the other side of the world no matter how much it costed to get there, I know that money could have easily have gone to a hose deposit but honestly if it weren't for travel I would have nothing else to look forward to since all I do it work and study. For small treats I value to morning coffee to get me through the day and a KFC meal every weekend as a small end of week treat. Not that glamorous or spectacular but still a non-essential want none the less. + + +So lets hear yours. +So, I’m just one person in the stock market, so my perspective and knowledge is limited to my own, so pardon please. I’m trying to wrap my head around the current situation with the fed and the interest rate hikes and deleveraging events etc. + +So…we have high inflation rate, which is are supposedly suppose to be temporary because of supply chain issues. But the source of these supply chain issues don’t appear to look resolved anytime soon, so the inflation rate has stayed consistently hot for a couple of months and looks like it will for the for the forseable future. So the fed is raising rates, which has caused the stock market bubble to burst, but barely tame inflation, as to tame inflation yoi have to raise rates above the rate of inflation. + + +So now we’re in a situation where, if the minimal rate hikes don’t curve inflation, they’ll have to raise them much higher, which will crash the economy. Or the FED will ignore this, and inflation will continue to run hot, causing significant dollar devaluation. + +And the fed is hoping that this becomes resolved via supply chain issues that don’t look like they’re going to end anytime soon? +Well, Emerge finally convinced the ASX to lift the trading suspension and the market suitably punished them for it. With their new market valuation I thought rather than pile on with memes (admirably done elsewhere by the pros) I thought I'd re-hash what we do know about the numbers. + +So far Emerge have announced subscriptions that total a bit over $3m per annum, assuming the bi-annual and monthly subs remain for the entire time. Broken down specifically: + +20,615 annual \* A$113 = A$2,329,495 +1,662 bi-annual \*A$63 = A$209,412 +3,397 monthly \* A$12 = A$489,168 + +TOTAL A$3,028,075 + +[MAJOR EDIT: A helpful autist has pointed out in the comments that Crowd1 actually ran a promotion whereby Crowd1 subscribers could simply use “Business Points” to purchase Miggster vouchers and become subscribers. This means the subscription numbers above might be real but they could easily be of significantly less value, likely closer to zero than several million.] + +Emerge only gets to keep 64.5% of this, net of "attributable platform costs" that are specified by Crowd1/TIM, and of course net of the prize money which will be either USD 125,000 or USD 250,000 depending on how many users C1/TIM delivers. Removing AUD 169,000 to cover the lesser of those two numbers, as well as a conservative burn rate of AUD 1.4m per annum (based off their 4C announcements) that leaves Emerge with AUD 385,000 less whatever those "attributable platform costs" are, for the year. Let's hope C1/TIM operate a lean business model. + +We probably shouldn't forget about the MTN Arena deal, but for something that should be generating \~AUD 200k per month based on what they've reported, they've only ever announced billing AUD 30k, once /shrug/. + +There are some other risk factors... players can pay either Emerge or Crowd1 directly, using South African Rand, Euro, or Bitcoin - so there is a significant currency risk now overlaid on that AUD 385k figure. + +That figure is also subject to both TIM and C1 redeeming coupons and setting costs........ + +It remains to be seen how many of the subscribers are MLM participants doing their part to climb the ladder, but they've convinced the ASX for now and so that should be enough I guess. Worth noting the very express language that they've no plans to operate in Australia, this is a massive, massive red flag and really hammers home the paradoxical position that they can be listed here, but their business model cannot even trade here. + +VALUATION? + +With 657 million fully paid shares on offer and a current price of $0.077, Emerge has a market cap just above $50m which is a pretty steep price to pay for a company with so many risks baked into the offering. + +Assuming they grow the sub base to 100,000 genuine subscribers (I added them to monthly) they stand to have an EBIT of $15-16m. + +The next two 4C announcements will reveal the truth of it but with so many overhead risks I wouldn't even look at this company at valuations over $20m ($0.03). + +GLTAH / DYOR LOL +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/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/wsNDGTf5QH) +Your markets are run by bots. 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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) 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 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/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +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 daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Hi all, wanted to get the views of the community on why the Nifty keeps going up despite earnings not keeping pace? I make this inference basis the Nifty 50 PE ratio which has seen a steady climb over the the past couple of months. The PE ratio is now in the range of 34. It is the highest I have seen in the past couple of years. + +Wanted to understand from the community on what value are investors seeing in buying equity at such high premiums?(high pe ratios) Is this an issue of suppressed earnings because of COVID or something else is promoting this Bull run? + +I wanted to understand if i am missing something. +I've been working since I was 17. My parents selfishly squandered what would have been my bare-bones college fund and the 2008 recession killed my family's income. I never got the chance to go to college. I drove a car with a KBB value of about $225. My savings had never been more than a few hundred dollars at max. I lived with 3 roommates at almost 30. My credit was less than 450. More than a few times a week I would sleep in my car at work (if I had to close and then open) because I couldn't afford gas back and forth. + +In 2020 I managed to get an job at that restaurant's corporate office by a combination of good timing and having great friends and coworkers who were willing to vouch for me. That was the springboard that found me working for one of our 'clients' at a significant pay raise. + +With my increase in pay I was able to afford a modest apartment with my partner. I made a great find on a used car and had a radio in my vehicle for the first time in more than 7 years. We started saving for a house. I paid off debts! I could afford a therapist! I went to the doctor for the first time in years! I was taking COLLEGE CLASSES! + +In September, I was ruthlessly fired along with dozens of others. Our new CEO, after merging another of his recently-procured companies with ours, promised that this didn't mean anyone would lose positions or jobs. "Our team is just bigger now, with better resources! We're seeing profits like never before!" I was fired less than a month after that over a teams call while my manager very obviously read from a script that my position had been eliminated; I worked as a support analyst and we had recently hired 3 more people but my job was no longer necessary. I sobbed like a baby and couldn't even keep my camera and mic on to verbally confirm I understood. The whole scene was humiliating. IT revoked my access to everything within five minutes of the call. I wasn't even allowed to tell my coworkers goodbye. Not that it matters because none of them, not even my old manager, have reached out to make sure I was okay. Not then, not now. That's one part that really hurts. And the job was so niche that I haven't been able to find anything remotely like it. My only real job history is food service and that one thing. I have only a High School education so I lack qualifications for most similar job openings. I got a job doing clerical work for roughly $11 an hour. + +Three months later and my state still hasn't paid me a dime of unemployment insurance and my emails and calls go ignored. My savings are gone. I will likely have to trade my car in. My pet has medical issues that I can no longer afford. I can't afford our apartment and can't afford to move. I've budgeted over and over and it doesn't matter if I cancel every subscription, spend less than $150 on food a month... Based on nothing but the rent, energy, phone, etc. that I can't NOT spend, I'll be in the red every month. I will likely never own a home at this rate. Forget retiring. + +I worked so hard my whole fucking life to just have a nice future and in five minutes some prick who makes more in a year than I've made in my whole working career decides that I'm expendable. All I wanted was a home of my own and to go to the doctor without fear. Just to have a future. And now, I have to start all over. + +I don't think I can do it again. I can't sleep in my car, I can't stop taking my meds but I can't afford the trips to the doctor to keep up the prescription. Parking where I work costs $40 a month for god's sakes! + +I'm so fucking afraid and defeated and I don't know what to do. This is much longer than I thought it would be but I've got to verbalise this somehow. It's killing me. +Hi guys, I am already decent with python. But i never really did algo coding or deep data coding, Can someone sugest me a good online course ? It Can be on udemy / coursera / udacity? + +Thanks you, + +PS: I am not looking to use an outside platform like QuantConnect! +https://www.cnbc.com/2020/01/15/target-tgt-holiday-sales-2020-fall-short-of-estimates.html + + +Target was expected to be a winner this holiday season, amidst a sea of disappointing reports. But the big-box retailer said Wednesday that its holiday sales were weaker than planned. + +Shares tumbled nearly 8% on the news. + +Target said its same-store sales during November and December were up just 1.4%, compared with growth of 5.7% a year earlier. +original post https://www.reddit.com/r/personalfinance/comments/6bgwqr/wife_started_new_job_told_by_her_supervisor_to/?st=j3kwbuqn&sh=a3b394af + +So its been a few weeks. Since then my wife has got a new job. She had meetings with her supervisor and their supervisor before leaving. The first meeting did not go well. The second did.. we thought. She was told she would receive her mileage check and her corrected time sheet pay. She has received neither. She asked about the issues getting her final payment and got the run around about needing more paper work blah blah blah. She has since gotten a hold of the Indiana Labor Department. They are currently investigating. More to come soon. +Hello beautiful apes! + +I was very intrigued by the Finviz data. I thought to myself.. why? Why does the Finviz data show 113% short interest but everywhere else shows 13 - 15 %? + +So I looked at the Wayback machine to correlate some shit. + +If you notice on [Yahoo](https://finance.yahoo.com/quote/GME/key-statistics?p=GME) for example, the short interest says "Nov 15, 2021". Using the Wayback machine, it looks like this data is always updated twice a month-ish. + +I went to last month to see what it was for both Yahoo and Finviz and here's what I found: + +&#x200B; + +There are some discrepancies between Finviz's Shares outstanding and Yahoo/Morningstar/etc but if you calculate the **percentages** Finviz gives for Short Float against the Shares float, it equals about the same amount of shares short between Finviz and Yahoo. + +&#x200B; + +&#x200B; + +[Finviz on October 24th](https://preview.redd.it/vm1y9pfyum281.png?width=362&format=png&auto=webp&s=2eb322ff188e49189a22435e784f73543cd43957) + +[Finviz GME October 24th](https://web.archive.org/web/20211024170413/https://finviz.com/quote.ashx?t=GME) + +That number comes out to about 7.8M shares short. + +&#x200B; + +[Yahoo as of September 29th](https://preview.redd.it/6oc0k0hgwm281.png?width=842&format=png&auto=webp&s=0415ab30b6c455a5cab96856368867825f72538b) + +[Yahoo on October 24th displaying September 29th data](https://web.archive.org/web/20211024163100/https://finance.yahoo.com/quote/GME/key-statistics?p=GME) + +At this point the short percentage is basically staying around 7.8 to 7.82M so at first glance it just looks like Finviz has the same data. You wouldn't really be paying attention because of how close they are. + +The data isn't really changing from month to month around this time, so the differences are negligible. + +The only way to know one way or the other is to look further back in the past when the "official" short interest displayed was wild. + +Let's start on February 1st. + +[Yahoo February 1st](https://web.archive.org/web/20210201104541/https://finance.yahoo.com/quote/GME/key-statistics?p=GME): + +&#x200B; + +[Yahoo on Feb 1st, showing Jan 14th data at 226&#37;](https://preview.redd.it/6xj9jpfmxm281.png?width=825&format=png&auto=webp&s=6002050f87580c2598435bb9e2e7982ffb418bb8) + +[Finviz February 1st](https://web.archive.org/web/20210201225350/https://finviz.com/quote.ashx?t=GME): + +&#x200B; + +[Finviz on Feb 1st showing 121.98&#37; but not saying the date.](https://preview.redd.it/504ar7ltxm281.png?width=354&format=png&auto=webp&s=be697a17a1603cc84bac2f39070f00e3f6ce2d8c) + +Interesting. *(No pun intended)* + +Either there's 104.44% hiding somewhere on Finviz's data or one of them is showing outdated information. + +Could Finviz have updated short interest sooner? + +What does Yahoo's next snapshot say? + +&#x200B; + +Next time we see Yahoo's data change is on [February 11th](https://web.archive.org/web/20210211110034/https://finance.yahoo.com/quote/GME/key-statistics?p=GME) with Jan 28th data. + +[Yahoo on Feb 11 showing Jan 28th data.](https://preview.redd.it/ivjf6sf9ym281.png?width=812&format=png&auto=webp&s=e1fe5e69d4963e1113fcc1c5e6738e39d669c953) + +Hmmmm the data went down. It's not 121.98% that Finviz said on Feb 1st, but the data kept changing so fast with their moves. + +78.46% is closer to 121.98% than it is to 226.42%. Soooo it looks like Finviz caught the drop first. + +&#x200B; + +What's the next snapshot change on Finviz? + +&#x200B; + +[February 20th](https://web.archive.org/web/20210220001002/https://finviz.com/quote.ashx?t=GME) it changes to 42.27% + +[Finviz on Feb 20th](https://preview.redd.it/faowdf1lym281.png?width=318&format=png&auto=webp&s=8757b065c4b4cf2c747612dac8ef1ac9ba855326) + +[February 25th](https://web.archive.org/web/20210225112535/https://finviz.com/quote.ashx?t=GME) it changes to 30.40% + +[Finviz on Feb 25th](https://preview.redd.it/3kbzmgtpzm281.png?width=329&format=png&auto=webp&s=28f611b5a920deab0558813e2c03920a4f335789) + +Looks like Finviz keeps data updated, while Yahoo updates once or twice a month. + +&#x200B; + +The next Yahoo snapshot is on [February 27th](https://web.archive.org/web/20210227173107/https://finance.yahoo.com/quote/GME/key-statistics?p=GME) with Feb 11th updated data. + +[Yahoo on Feb 27th showing Feb 11th data.](https://preview.redd.it/mig9zshxym281.png?width=830&format=png&auto=webp&s=5182999b28657de902421abcdd07d646b658e029) + +Hard to verify exactly on each day because the snapshots don't line up together at the same time. But with enough samples we can piece the concept together. + +So far though, it really seems that Finviz is getting data sooner than Yahoo. + +On February 1st, Finviz had lower short percentage and Yahoo didn't catch up til February 11th or so. 10 days later. + +Inconclusive on Feb 20th to 27th because we don't have a snapshot in between. + +So this requires further digging. + +Wayback is funky sometimes. + +As of March 1st, Yahoo still shows Feb 11th data. There's nothing more until March 13th which won't load for some reason. After that, April is blank until May 24th. + +&#x200B; + +So let's compare: + +[Yahoo as of May 24th](https://web.archive.org/web/20210524143649/https://finance.yahoo.com/quote/GME/key-statistics?p=GME) showing April 29th data. + +&#x200B; + +[Yahoo on May 24th showing April 29th data.](https://preview.redd.it/oixoj6wsin281.png?width=815&format=png&auto=webp&s=4da6230e7e7979c96c0e81ed68236763f2c9482b) + +&#x200B; + +[Finviz as of May 7th](https://web.archive.org/web/20210507060142/https://finviz.com/quote.ashx?t=GME) showing 20.24% + +&#x200B; + +[Finviz on May 7th.](https://preview.redd.it/zd9daeyzin281.png?width=330&format=png&auto=webp&s=0f57a7afe7943bf81073b4fce980884d84702aec) + +54.91 \* .2024 = 11.11 + +&#x200B; + +Notice [May 8th Finviz's data](https://web.archive.org/web/20210508204756/https://finviz.com/quote.ashx?t=GME) updates. + +&#x200B; + +[Finviz on May 8th.](https://preview.redd.it/wkiuij5jjn281.png?width=316&format=png&auto=webp&s=16f2d9a35f3221cd9b06c285b3ccf3ab1ec9f702) + +54.16 \* 20.52 = 11.11 about the same. Slight shifts in the trailing decimals. Not a big deal. But it IS changing more frequently. + +This by itself proves Finviz has some kind of updated API that's changing with current data and may account for small / minor differences here and there. As Finviz keeps updating the data, while Yahoo updates very infrequently. + +&#x200B; + +The next time Yahoo updates is [June 10th with May 27th data](https://web.archive.org/web/20210610234033/https://finance.yahoo.com/quote/GME/key-statistics?p=GME) saying: + +&#x200B; + +[Yahoo on June 10th showing May 27th data.](https://preview.redd.it/h19ysiyj3n281.png?width=812&format=png&auto=webp&s=8876532563ce0e0edf2e384aef666a243200e765) + +&#x200B; + +We don't know how long it took them to update that, and even though there are discrepancies on Shares outstanding between both sources, Finviz says the same thing for Short % on [May 30th](https://web.archive.org/web/20210530215339/https://finviz.com/quote.ashx?t=GME): + +&#x200B; + +[Finviz on May 30th.](https://preview.redd.it/s0b7k93h3n281.png?width=338&format=png&auto=webp&s=45c52efb78cf3af87183f2b520644b6b7d764dea) + +57.03 \* .2099 = 11.97 + +So as of May 30th, Finviz had the updated data. June 10th is when Yahoo showed it. Again, they could have shown it sooner, but Finviz did have "accurate" data. *(I quote "accurate" because we all know it's way higher due to fuckery)* + +&#x200B; + +So far we know Finviz updated with the May 27th data by May 30th at the latest. So Finviz had updated data within 3 days. While Yahoo takes weeks. + +It's not definitive yet but it's looking very interesting. + +Let's keep digging. + +Next updated update we have on [Yahoo is August 5th using July 14th data](https://web.archive.org/web/20210805022244/https://finance.yahoo.com/quote/GME/key-statistics?p=GME): + +&#x200B; + +[Yahoo on August 5th showing July 14th data.](https://preview.redd.it/xzjh6ejf5n281.png?width=830&format=png&auto=webp&s=6b93d42d6874a1dd2314fbd077cfa47cd7be0966) + +[Finviz has the July 14th update only 1 day later on July 15th](https://web.archive.org/web/20210715055631/https://finviz.com/quote.ashx?t=GME): + +&#x200B; + +[Finviz on July 15th.](https://preview.redd.it/2jw78j9i5n281.png?width=346&format=png&auto=webp&s=a607c2f23a74ef418ea3a55a961a7e89cb4187c6) + +58.19 \* .1413 = 8.2 + +Roughly the same. + +Again, we don't know when Yahoo displayed the July 14th data due to Wayback's snapshots being so far apart. + +But we do know that Finviz had the update only 1 day later. And Yahoo displayed the same data on August 5th. No "glitches". Just a delay with Finviz showing first. + +&#x200B; + +Next time [Yahoo updates is August 24th with July 29th data](https://web.archive.org/web/20210824134123/https://finance.yahoo.com/quote/GME/key-statistics?p=GME): + +&#x200B; + +[Yahoo on Aug 24th showing July 29th data.](https://preview.redd.it/d6skjb3z5n281.png?width=831&format=png&auto=webp&s=8e42df3d3d4014e20d85cdda77708227afc43d28) + +[Finviz had the update by August 16th](https://web.archive.org/web/20210816224524/https://finviz.com/quote.ashx?t=GME): + +&#x200B; + +[Finviz on August 16th.](https://preview.redd.it/4n0pq8qd6n281.png?width=327&format=png&auto=webp&s=81bb33f518096a2cbb71f1057e7bf4927cf0c798) + +58.19 \* .1317 = 7.66. + +&#x200B; + +Again, sort of inconclusive here because of the snapshots being so far a part. We don't know how long it took either of them to display this data. But we do know Finviz was accurate and later validated by Yahoo/Morningstar. + +In other words, we don't know when *Yahoo* displays the data, but it really looks like Finviz has the better API with Yahoo/Morningstar always lagging behind. + +Past this, the data is inconclusive as the snapshots for both of them don't line up well enough to compare. + +Too far apart, with data constantly changing, yet staying at roughly the same number for both. + +Which means there weren't any real major changes to the "official" data up until November which now shows 113.48%. + +&#x200B; + +BUT.. if we look at all these previous examples of Finviz updating first, we can conclude that the **current** **113.48% that Finviz shows** is at the very least **VALID**. Not a glitch and Yahoo should in theory update soon with the same number. + +&#x200B; + +Unless they do some kind of trickery after this post is posted lmao I don't trust the data tbh, I know the SI% is wayyyyyyyyyy over 9000 lol but I do trust examples that can be tested for accuracy. These seem like examples that pass the test. + +&#x200B; + +So now the question remains, why did the short interest all of a sudden jump up from 13% to 113%? + +Rumors circulating of a margin liquidation could explain it. But who? Who had options that equaled around 50 to 60 million shares of GME? + +It's impossible to know who's position it is because they file for confidential treatment. But I think if it's anyone, it's more than likely it's Melvin *(or whoever Citadel ended up swapping them with)* just based on the huge jump all at once. But again, could be anyone. Or a bunch of people at the same time. Who knows. + +It's already understood that they're using deep OTM puts to hide the short interest, it's been known for a while. + +And it's already been said that the possible margin liquidation rumor could be these puts being unraveled. + +And so now I believe this post adds further confirmation to that theory because Finviz data seems to update before Yahoo/Morningstar and other "Official" sources. + +**TL;DR 113.48% is not a glitch. Somehow, someone's short position just got majorly unraveled and Finviz "accidentally" updated it because somehow their data comes from an updated source. I'm sure they'll fix it after I post this but yeah it's not a glitch. I don't expect Yahoo to update to what Finviz is showing because...** ***fuckery***\*\*. But imo, someone's probably going to get fired over that "glitch".\*\* + +&#x200B; + +*This post is not financial advice, it is just my individual conclusion based on data that I found on Google and I am a monkey who eats crayons and I don't know anything about shit except how to fling shit at anything. You should not listen to me for any reason.* + +&#x200B; + +Edit: I predicted after I posted this they'd "fix" the "glitch". It took them 4 hours. + [themarketherald.ca/datame...](https://themarketherald.ca/datametrex-reports-a-record-over-12-3-million-in-revenue-in-2020-up-264-from-2019-2021-05-03/?utm_source=stockhouse.com&utm_medium=widget&utm_campaign=stockhouse.com%7cwebpart_news%7cquote_tab) +Here's the plan: we're shorting Hilton and we're buying into power companies. How? Easy. We stay at Hilton hotels and run the microwave in the room the whole time, we bring space heaters, we bring +gaming PCs. Guess what, Hilton now has insanely high electric bills. They go under. The power companies rocket to the moon. We profit. +Hello all, + +I've noticed that despite having over 700,000 readers, this sub only gets about 5-8 posts per day—an extremely low rate of posting for how many people are here. + +Instead, virtually all discussion gets locked up in the daily discussion threads, which tend to get about 700 to 1000 comments each. + +I feel this makes it very difficult to browse, as the daily thread post titles indicate nothing about what's in the comments. It also makes search almost totally useless, as reddit's search only looks at submissions, not comments. + +In other words, this is a poor way to organize content. The stated purpose of daily threads is for anything that 'doesn't warrant its own post', but that has resulted in the vast majority of all discussion getting clumped into a few posts—even hundreds of topics that *could* warrant their own threads, but are instead buried in a vast ocean of comments on a single post. + +For example on today's daily thread, there was an interesting string of comment asking about Traditional vs Roth TSPs. But guess what? That sub-thread is going to be completely undiscoverable in the future (at least using reddit search). + +Suggested alternatives: + +* Loosen, in some way, what qualifies for its own thread +* Choose weekly discussion topics to help group comments around a certain topic together. +* Along with the previous bullet, a meta thread could be maintained to help the community brainstorm topics they'd like to see discussed. +**Biden wins the election, what does this mean for the economy and the stock market, what Buffen’s Berkshire has done in the last quarter and more, let’s talk about everything** + +Hey everyone and welcome, I am going to react to the latest news from the election, the economy and in the stock market from last week and what to expect next + +So late Saturday the victory of Biden was announced as networks finally started to predict that he won the election. I have no partisan view as i am not a resident or citizen of the US, but i believe that the results of this election (the Biden win and the Republicans keeping the Senate) is the best the stock market could have hoped for, as many experts were predicting a Blue Sweep. There still will be two important runoff elections in Georgia at the beggining of 2021, where the Democrats could still end up winning the Senate. Biden currently has a projected 290 electoras votes but i believe he will also keep the lead in Georgia and end up with 306 electoral votes, the same number as Trump had 4 years ago [VOTE MAP](https://ibb.co/LZ5dnzt) . Important leaders like the German Chancellor, Uk’s prime minister, Canada’s prime minister, France’s president and many more welcomed and congratuled the win of Biden, which seems to be favored internationaly by the world leaders as they were tired of the whipsaw that came with Trump tweeting non-stop. So this probable grid-lock in Congress is loved by the stock market, as there are no iminent tax raises and a stimulus bill is far more likely if not by the end of the Trump mandate surely at the very start of Biden’s. + +So this scenario that is playing out seems to be the most profitable one for wall street as the average annual return since 1933 is about 14% with a Democractic President and a split Congress [Historical CHART](https://ibb.co/SJGP97P) + +Yesterday Biden also announced how they will try to combat the illness with Better testing and tracing, a increase in PPE production, National guidance for schools, business and families, Investments of 25 bilion in vaccine development and distribution and mask mandates. While also trying to make the higher risk individuals more safe. + +P.S. Here’s a funny meme that LeBron James posted with a throwback to his big block of an opponent. [MEME](https://ibb.co/2hmQk6R) + +So all 3 big indices had the best week since early April with the Nasdaq composite being up just over 9% [NASDAQ CHART](https://ibb.co/rpgWtJH), the SP500 was up 7,32% [S&P CHART](https://ibb.co/Ss7FWVN) and the DOW gained almost 7%.[DOW CHART](https://ibb.co/j3bB0P8) The Nasdaq and Sp were flat for the day, pairing loses from the begining of the day while the down fell 0,23% mostly based on profit taking in my opinion. + +There were more companies that were declining on Friday with over 60% of the companies in the red but with a disproportional number of almost 90% of new highs while the volume fell again way below average [MARKET CHART](https://ibb.co/k0kY7Z1) . There weren’t any significant leaders in the market on Friday but energy traield again being more than 2% down [SECTOR CHART](https://ibb.co/VDFksR8) while small caps under-performed the market especialy the value plays. [CHART](https://ibb.co/9ndqFLC) + +The fear in the market seems to have completly gone away as we have seen another 10% decline in the VIX indicator to drop below 25. [VIX CHART](https://ibb.co/8MjSd1f) + +Here is a heat map of Friday, you can see this was quite a slow day, not to many green companies but not that big of a red day either. [HEAT MAP](https://ibb.co/nsCvwVz) + +The US economy added more than 638 thousand jobs [NEWS](https://ibb.co/hDrrTXs) more than 503 thousand that were expected [CHART](https://ibb.co/C6fD3Sh), while the unemployment rate fell to 6,9% way better than the 7,7% expected this is the sixt straight month of jobs recovery.[CHART](https://ibb.co/RBZzdVG) As they seem to be in a big V shape recovery, overall [V- SHAPE](https://ibb.co/HN6n9dH) + +The market should now turn they’re attention to the samshing of the earnings season amid the election with 2 thirds of the SP500 beating the estimates both the top and bottom line, that is almost double the 38% historical average. + +Bank of American release a chart for q3 earnings and as you can see earnings have increased 6,7% in the SP500 year over year and 21,5% quarter over quarter. [EARNINGS CHART](https://ibb.co/C6zfWZR) + +And as the fed announced that it will keep the benchmark rate between 0 and 0,25% [FED NEWS](https://ibb.co/vjNy43D)this continues to stimulate the economy of the US, with the fed beeing probably more responsible for the recovery in the last months as stimulus has been staled in congress. Also they continue to have a target of a running inflation of 2% and will continue to buy assests worth around 120 billion dollars montly to pump money in the economy [FED NEWS](https://ibb.co/wBxn56S). If a stimulus bill will eventualy pass, households will probably continue to use the money the same way as last time with over 70% of the money being used for savings and debt payments. But thay may go down a little as people may tend to spend a little more on essentials and non essentials with a better outlook in the near future than last time. [HOUSEHOLD SPENDING](https://ibb.co/dbbKCj6) + +Here are some interesting economic events for next weeks as we continue to closely watch how to recovery is going. [CALENDAR](https://ibb.co/gMX5XH5) + +Nvidia saw a pop in the stock finally as they announced that Fornite will join the GeForce gaming cliud, that could mean a return for the game in ios devices with GeForce currently available on Mac,Windows,Android and Chromebooks. The company has almost reteurn to it all time highs after this weeks strong gains. [NVIDIA CHART](https://ibb.co/1qxmphB) + +Buffets Berkshire announced on Saturday that they bought back around 9 billion of the company’s stock,bringing the total to around 16 bilion for the year so far.[BUYBACK CHART](https://ibb.co/ysw5bkx) That was around 4 billion more than in the second quarter. the operating earnings also decrease a little since last quarter and are almost 3 billion or 32% less then last year. [BUYBACK NEWS](https://ibb.co/fSWCvdQ)The only segment that improved since last year was Railroad,utilities and enegery, while insurance was the biggest loser. + +The company has almost the same amount of cash and short term investemtns like the previos quarter at around 146 billion dollars with 70% of the investments concentrated in 4 big companies (Apple , Bank of America, Coca-Cola and American Express) up from the 60% these company represented at the end of 2019. [INVESTMENTS](https://ibb.co/Dps2f95) + +The buybacks of the company exced any full year amount in Berkhsire’s history and far exeded the analysts expectation of around 3,2 billion in buybacks. As the strategy for Buffet and Charlie Munger is to buyback the company’s stock as long as they believe it’s undervalued and they will still have ample cash after the buybacks. AS the only other major investments made last quarter were about 6 billion invested in the five big Japenese trading houses and the data storage company Snowflake. + +I just saw some interesting news as NetFlix announced they will launch a offering named NetFlix Direct in France that will come with a linear feed of content from Netflix’s library, so the company that is the biggest reasons for the decline of old TV programming made quite a twist as they seek to expand more and more. [NETFLIX NEWS](https://ibb.co/gWzmKKs) + +Here is a list with some of the most important earnings next week, some companies that i like that are reporting are: McDonalds, Datadog, Tencent, Corsair, Purple, Lemonade and DraftKings. [EARNINGS NEXT WEEKS](https://ibb.co/JFKh6kN) + +Thank you everyone for reading! Be sure to leave a comment down below! + +Have a great day and see you next time! +I'm sorry if this isn't the right sub for this, but I don't know where else to ask it. + +I work for a relatively large retail company in Australia which I've just learned will likely be liquidated within the next year or so due to unethical practices. + +I've worked there almost a decade now and have accrued quite a substantial amount of leave. + +My understanding is that if I leave on regular terms or am fired, this is to be paid out in full. + +Should I be worried if this company is headed towards potentially shutting down / being liquidated? + +Surely if this ends up happening they will no longer be obliged to pay me any benefits otherwise owed. + +Has anyone been in a similar situation or have any general knowledge on this topic? + +**tl;dr:** I have 8-10k worth of annual leave accrued with my employer. They're likely being liquidated within year. What should I do to ensure I'm paid these benefits? +Though it is hypothetical, let's limit to companies which have revenues in India and listed entity will have control over operations in India (may be Sri Lanka, Nepal, Bangaladesh, etc) and include your reasons. + +Some contenders: + +Foreign companies with Indian operations: Amazon India, RB India, Google India, FB India, Salesforce India, Coca Cola India, PepsiCo India etc. + +Startups with majority revenues from India: Delhivery, Swiggy, Zomato, Flipkart, etc. + +Established Indian companies: GCMMF, Parle, etc. + +Indian companies with majority revenue abroad is also cool. Eg: Postman. Companies that started operations in India only, not Indians starting in another country. Eg. Zilingo, Sprinklr is not cool. + +Feel free to add a neighborhood kirana store, local retail chain or a welder next to your house. There could be foreign companies that are major suppliers for Indian businesses. You be the judge of cases not covered. + +Let this be akin to Lynch’s *first step* to pick stocks from everyday life, but for unlisted companies. + +Assumptions, etc: + +1. The listed entity is not playing any accounting loopholes that will not benefit Indian investors. And there is no other kind of *chori*. +2. Investing in markets abroad is not considered. +3. No one has access to market reports from research firms. Just what’s available free online and everyday observations. If you have information from reports, do share. This assumption(what’s a better word?) is in place as hard numbers are difficult to find, and to welcome purely qualitative opinion. Let’s just acknowledge that this is mostly from gut for this exercise. +4. Rational prices for the stock is an assumption. But you can provide statements like, ‘would like Coca-Cola India because of x, y, z. But since Buffet made lot of money with Coke there will be lot of investors driving up its price.’ +5. The companies we all like would be well run and do not need to raise capital from Indian public markets. So assume stock are magically listed on April 1, 2021, though they might not have requirement for capital. + +**My picks:** In addition to assumptions above, I will be assuming companies pay a fair fee to motherships abroad for brand names and know-how (IP, product, marketing, logistics, etc.). And some of my observations (over long period of time) might be wrong or oblivious to the rest of the story. Let me know in such cases. + +**RB India** + +Dettol, Harpic, Durex, Lysol, Mortein, Vanish, Strepsils. + +RB India specializes in creating categories and being the dominant/only player, and they bow out of categories they can’t find a foothold in. How many people would be able to say ‘Anti-septic’ is the category of Dettol brand? The brand name has become the name of the category. + +Look at Vanish. It was introduced in India when stain on clothes was handled solely by detergents. Must have been a bit more than a decade they have been slowly building up the brand. My family or I never had to look for stain remover. A year and a half ago an elderly acquaintance posed problem of not able to remove stain with detergent. Though I never have used it I told him the only thing I know is Vanish. He tried and was happy with the product. + +Similarly they have been slowly pushing Veet, Colin (window/glass cleaner). Couple of weeks ago, saw Colin bottle in pantry at home. + +BANG was the brand name for their household stain remover when introduced in India, if I'm not wrong. It is discontinued. May be for introducing later. Dettol has most marketing in its brand extensions. Solidifying and deriving from the core product. Very limited but focused marketing for Durex. Harpic built a solid base and was winding down its marketing expenditure till GoI push for toilets. Since then they have ramped up marketing, roped in Akshay Kumar (Toilet Ek Prem Kadha), had small (wise, imo) brand extension (bathroom cleaner. Red one. Blue for toilet bowl). The anecdotes in this paragraph tells me RB is very prudent in capital allocation. + +**Amazon India** + +Here I’m assuming AWS is not part of Amazon India, and pays fee for AWS hosting, prime content licensing, brand and logistical know-how. + +My premise is that for at least the next 5 years or so the bulk of growth for e-Commerce sales in India would be due to the inability of local shops to carry everything the customer wants. There are some categories which people are defaulting to e-Commerce even outside the urban centers, where local shops ordering from e-Commerce sites for other customers (not talking about the pick up or drop off points from the company) is a small scale business. + +Now among the e-Commerce players Amazon is my default. I do buy from others, but the experience is comparatively poor from my perspective. There are GMV numbers, growth numbers and stuff available, I’m not using that. A general feeling I have is Amazon is letting Flipkart try things first (burn the money) and try themselves if it is worthwhile. + +Amazon prime is a good deal in India for the price. I’m assuming that Prime video content creation in India will break even and they will not try to make that part profitable. + +On marketing side Amazon is going for an all inclusive approach and not targeting different segments (mostly). They also have the affiliate program, which I think would be a boost for them. + +I think they are the winners in Indian e-Commerce battle and looking at their modus operandi in US, they will grow big and tall from there. + +**Delhivery** + +There are no last mile 3PL providers in India with last mile service(delivery and pickup). Delhivery will be that what fills the role of DHL and FedEx in Western countries. It will serve mainly businesses setting up independent stores with Shopify, Big/Woocommerce, etc. + +**S.M. Kannappa Automobiles** + +They are coachbuilders for large buses from Volvo, Benz, Scania etc. They build the coach and interior. They operate under the brand name ‘prakash’. The name is generally placed on the body of buses next to the passenger door. From what I have seen they have *near* monopoly in South Indian market. + +Website - [https://www.smkpl.in/](https://www.smkpl.in/) + +**Pankajakasthuri Herbals** + +It’s ayurvedic company in Kerala, largely OTC. Most things would be similar to what I mentioned about RB India. Prudent capital allocation, dominance in small market, etc. + +Website - [https://www.pankajakasthuri.in/](https://www.pankajakasthuri.in/) + +Wikipedia page - [https://en.wikipedia.org/wiki/Pankajakasthuri\_Herbals](https://en.wikipedia.org/wiki/Pankajakasthuri_Herbals) + +Amul, Parle - Will look into it if they were listed. + +Reasons tapered at the end. I blame it on fatigue. + +As I mentioned before, treat this as the first step in Lynch’s style of stock picking that he advocates for most investors. + +What are yours? **Please provide brief reasons**. +I had a Stop loss set on GBPUSD Long and when it was supposed to hit the stop the stop automatically cancelled itself 10 milliseconds after the price went below my stop. + +&#x200B; + +The market wasn't making any big moves during that time at all. + +The following day I woke up to having around £200 in equity instead of having around £5000 + +&#x200B; + +[https://i.gyazo.com/f1f4794b0d37afbc98905dd034b9348b.png](https://i.gyazo.com/f1f4794b0d37afbc98905dd034b9348b.png) + +As highlighted in the screenshot above I was getting Smart-Stop outs which were modifying the Stop-Loss every time Smart-Stop out was triggered, It wasn't done by me or any bots, but rather that's what was being done automatically by their internal operations. + +But as soon as price fell below my stop it removed and ignored my Stop. (which shouldn't be possible as you can't cancel a stop loss once the price has went below it), to further prove my point I did not use any opposite side or double tick stop loss, but the default one. + +&#x200B; + +Also confirmed by my log that I have set my stop and never removed it: + +[https://i.gyazo.com/8cb3be0d1117f56696cd8b3b050de680.png](https://i.gyazo.com/8cb3be0d1117f56696cd8b3b050de680.png) + +&#x200B; + +I contacted them and explained the whole situation, and they had the nerve to link me to "what is a stop loss is" as if I have no clue what it is... yes I do and you cancelled it.: + +[https://i.gyazo.com/7b1971deb2e5b4f62a8b53f5c8422112.png](https://i.gyazo.com/7b1971deb2e5b4f62a8b53f5c8422112.png) + +&#x200B; + +Then I sent this reply, (showing key points I made): + +[https://i.gyazo.com/db1d8ea1f14dfe8382c1bf3760122430.png](https://i.gyazo.com/db1d8ea1f14dfe8382c1bf3760122430.png) + +[https://i.gyazo.com/39a41f00c44febf5c1805b58f0e425e5.png](https://i.gyazo.com/39a41f00c44febf5c1805b58f0e425e5.png) + +&#x200B; + +Their reply: + +[https://i.gyazo.com/eaa86c67501f7ad75ffe7c0fb0b8146a.png](https://i.gyazo.com/eaa86c67501f7ad75ffe7c0fb0b8146a.png) + +&#x200B; + +I think its a glitch on their end, but you never know if they remove stops on purpose, that's why this is totally unacceptable. + +I wrote this article to show some warning to others and also to document this case and perhaps gain some support against them. + +&#x200B; + +I will update as this case goes on. + +&#x200B; + +I Sent them this: + +[https://i.gyazo.com/18bb41936192309495626503d42d9e6d.png](https://i.gyazo.com/18bb41936192309495626503d42d9e6d.png) + +&#x200B; + +UPDATE: + +Their latest reply: + +[https://gyazo.com/0b084be08ec4e4f6fdb3b3c05c9ca60d](https://gyazo.com/0b084be08ec4e4f6fdb3b3c05c9ca60d) + +My replies: + +[https://gyazo.com/365d8268dd8dbe51a67084c9d92410d8](https://gyazo.com/365d8268dd8dbe51a67084c9d92410d8) + +[https://gyazo.com/a8b458c90de211ed2000f651662e26bd](https://gyazo.com/a8b458c90de211ed2000f651662e26bd) + +&#x200B; + +Thanks for reading! :) + +Posted on FPA!: + +[https://www.forexpeacearmy.com/community/threads/icmarkets-removed-my-stop-loss-resulting-in-approximately-5000-of-extra-losses.59369/](https://www.forexpeacearmy.com/community/threads/icmarkets-removed-my-stop-loss-resulting-in-approximately-5000-of-extra-losses.59369/) +I'm seeing a lot of misconceptions about trading CFD oil on MT4.... + +From another thread where someone bought a contract at 0.07 cents when it crashed to -40.00 + +-------------------------------------- +Nothing untoward happened over the swap. + +You are trading a spot cfd. At the end of the current contract, it switches over to the next month. That happened today. + +When this happens, your current position in the current contract is closed and a new position in the now new current contract is opened. + +So the May future you bought at 0.07 was closed at about -3.25. It was then opened at about 21.35 (or whatever it was) at contract roll over. + +That's where your 360 loss came from (cost of the contract swap less the worth of your new positions). + +I suspect that the market broke and was inoperable on your broker because mt4 cannot deal with negative values (absolute or spreads) so when the market hit 0.01 cent mt4 spacked out and the broker couldn't offer the market...literally. + +If the market has been opened you'd have seen your position go drastically into negative territory- and I do not know your account balance, but very likely you'd not have held enough margin to be down 37$ on every position (which probably would have been about $-70,000) and you'd have been closed out and lost your account. + +So be thankful to your broker. Otherwise you'd be up shit creek trading a market that was out of control that you double didn't understand...both the market move and the market operation. + +Don't sue them. Write them a love letter. + +----------------------------------------- + +MT4 can't handle negative. That does not mean the price will not go below zero- it means you just can't see how much of the shit you're in if it happens again. + +Don't lose you money if you can help it. You'll need it in the upcoming months for real world things... +Before anyone says it ... Don't trade what you can't afford to lose, and only do this for the tech. + +Now, lets get to the real world. As someone who is disabled and have extremely limited ways to have a normal life. I'm using this to help at least get me there. I'm wondering how many others here are like me. Where you're in some level of poverty and you're trying to use this to get you out of it + +How close are you to being out of poverty directly do to this? How many is deeper into poverty directly due to this? +I'm an engineer currently making 82k per year in the heart of the silicon valley (equidistant between Google and Apple). I recently got a job offer in San Diego for 95k with great benefits. I told my current employer about it and they matched the offer. I turned down the offer with my current employer because of the difference in the cost of housing. I'm getting married and would like to buy a house and have kids in the near future. I'm finding houses near the SD employer range between 400-600k. Equivalent houses here range anywhere between 850k-1.5M. So cost of living was the biggest driver in my decision. + +Fast forward to today and my current employer asked what my price is to stay. Being caught off guard i told them somewhere in the neighborhood of $120k. + +My wife will be making about 95k whether we stay here or move to San Diego. However when we have kids in the next 2 to 3 years and she will be staying home to raise them. We also aren't really looking to buy a condo. + +Is it irresponsible of me to effectively take a $25k pay cut to live in an area that is cheaper to live? I'm looking for advice. + + +[Full Article.](https://www.nytimes.com/2018/05/16/technology/moviepass-economy-startups.html) + +> Over all, 76 percent of the companies that went public last year were unprofitable on a per-share basis in the year leading up to their initial offerings...That was the largest number since the peak of the dot-com boom in 2000, when 81 percent of newly public companies were unprofitable. Of the 15 technology companies that have gone public so far in 2018, only three had positive earnings per share in the preceding year... + +> It used to be that in order to survive, businesses had to sell goods or services above cost. But that model is so 20th century. The new way to make it in business is to spend big, grow fast and use Kilimanjaro-size piles of investor cash to subsidize your losses, with a plan to become profitable somewhere down the road. + +So, my husband and I have been going through a bad financial patch for the past couple of years. We get health insurance through my work for both of us, and this year we decided to switch to the 'good' insurance (let's call it Baiser Fermanente, to keep it anonymous) that costs us quite a bit more than the other terrible options, because it doesn't have a deductible. + +I had to have an initial wellness check-up with my new doctor (at Baiser), which was covered and he assigned me to do an at-home colon cancer test to send in. So, I did, and it came back positive. They called me yesterday to say that now I need a colonoscopy. Here's the kicker: because the colonoscopy is deemed a 'second diagnostic test,' it's 100% NOT covered by my insurance. It's 100% out of pocket, and $1000 altogether. The at-home test was covered, but now that it's read as positive and I need another, more thorough diagnosis, I have to pay for that myself. + +Friends, Romans, Countrymen: I DO NOT HAVE $1000. Yes, I know I should be able to contact their financial office and get into a payment plan, but two things: + +1. Two years ago, when my husband's and my financial situation first hit the skids, I had to have a biopsy for a lump discovered during a mammogram. It was found to be benign, thank goodness. However, my at-that-time terrible health insurance didn't cover very much, and to this day I am STILL paying on that payment plan. $30 per month, accruing interest. +2. WHY ON EARTH would health insurance NOT cover an apparently necessary secondary diagnostic procedure? It seems like such a scam - we'll pay for the first test, but if you get a positive result and you then really really need to have another test, WHAM, we'll need $1000. + +I have told the insurance people and left messages for my doctor that I will need to save up the $$ for this test, and I will not schedule it until I can afford it. I am so irate - when I finally do get the test, if the colonoscopy is negative, then I've wasted $1000, and if it's positive then I'm in for a roller coaster ride of additional probably-not-covered expenses (WHICH I STILL CAN'T AFFORD). + +Sigh. Thanks for letting me rant. +During the vix rise around 10:30 this morning, liquidity on options absolutely disappeared like I haven't seen before. Bid and Ask jumping violently all over the place, with ridiculous asks being the only thing available on otherwise out of the money options. I was thinking the crash must be afoot but once uvxy stopped spiking everything went back to normal and the day ended like nothing ever happened. If that's what a crash is going to look like, I want no part of it. +I’m a 21 year old, saving as much money as I can, working as much as I can to save faster and have always been interested in dividend growth investing. I have just around $60k saved so far and want to see it grow through dividends. My problem is I see on this sub that some stocks are considered, “unsafe” for dividend investing but don’t seem to get why. I know a dividend payout that’s too high isn’t a healthy pick, but am just overwhelmed with all that goes into picking a good, healthy stock. + +Sorry if this is a dumb question or I’m just overthinking all of this, just want to wrap my head around this and not end up losing tons of my savings. + +Edit: thanks for all the advice 👍 +https://www.bloomberg.com/news/articles/2020-03-16/u-s-airlines-spent-96-of-free-cash-flow-on-buybacks-chart + +> The biggest U.S. airlines spent 96% of free cash flow last decade on buying back their own shares. **American Airlines Group Inc. -- which is not shown in the chart but is included in overall figures -- led the pack, with negative cumulative free cash flow during the decade while it repurchased more than $12.5 billion of its shares.** United Airlines Holdings Inc. used 80% of its free cash flow on buybacks, while the S&P 500 Index as a whole allocated about 50% for the purpose. As the industry reels under the weight of the coronavirus outbreak corporate leaders are seeking federal assistance to ease the burden. +Today I bought a $500 Dyson vacuum for $50. + +There is an ocean of perfectly good stuff for sale by individuals. Generally, these people care more about getting rid of the stuff than how much money they make from the sale. Furniture, small appliances, and (some) electronics are excellent items to buy second hand. People usually sell these items because either they upgraded or they’re moving, so they’re fairly motivated to sell. Buying second hand not only stops the item from going into the landfill but also saves you a ton of money and/or allows you to afford nicer stuff. It’s good for everyone except “the man.” +Sorry if this is a repetitive question, my kids ( 7 & 8 year old boys) want your help to pick out an ETF. They have 1k each, please keep replies kid friendly they will read all replies +Can someone help me understand the logic here, because I'm not sure I get it. When you buy SPY, you're getting the top 500 companies - that makes sense. But if you buy the "whole market" that means you're buying a huge bucket full of a lot of extra deadweight, companies that aren't been successful enough to make a top xxx index or whatever - dying sectors, scam companies, bankruptcy candidates, random stagnating malingerers. Whatever is relatively successful amongst the small and mid caps will make up such a tiny percentage of your total investment that you won't feel it like you might if you bought a more focused ETF, so what benefit do you actually get? + +Is that extra diversification making you "safer" or are you just defeating the whole purpose by adding stuff you don't need or want? Seems like nothing but overdiversification with worse returns. Whole market ETF returns historically disappoint compared to more focused index-tracking funds, but isn't it also riskier than SPY or other funds that actually screen out the unnecessary crap by default? Don't understand the appeal on any level, but I know there are a ton of VTI fans out there... +Long story short, signed a job with a start date in about 5 weeks. + +Current work place counter offered after they said they wouldn't and offered more than expected + +Am I essentially locked into this new role now? + +Thanks again +Posts where people buy VWCE and add some "picks" in form of single stocks are very popular in this subreddit. Most popular picks are ofcourse from FAANG and tech ranks. The most common argument is they so with 10% which they consider play money. + +What I want to do here is point out that since VWCE follows the FTSE ALL WORLD index which includes these heavyweight companies, they are already very heavily represented in the index. + +From the VWCE Factsheet: + +|**Top 10 holdings** || +|:-|:-| +|Apple Inc|3%| +|Microsoft Corp|2.8%| +|Amazon Inc|2.1%| +|Alphabet Inc|1.9%| +|Facebook Inc|1.1%| +|Tesla Inc.|0.8%| +|TSMC|0.8%| +|Berkshire Hathaway|0.8%| +|JPM|0.7%| +|Tencent|0.7%| +|**Total Top 10**|**Approx 14.7%**| + +Which means by buying addional stock from these companies you are hurting your diversification immensely. + +This post has 2 purposes: + +* I wanted to point this out to people who were not aware of the fact. +* I am interested in opinion and reasoning of people who decide to overexpose themselves to single stock. + * Are you aware how much you already are exposed to a particular stock before diving further in? +The ECJ has ruled illegal the requirement Spain's taxman had for their residents to declare any foreign assets of a value bigger than 50.000EUR. I could not find any source in English, so here's a Spanish one [https://www.eldiario.es/economia/justicia-europea-ve-ilegal-modelo-720-obliga-residentes-espana-declarar-bienes-extranjero\_1\_8692550.html](https://www.eldiario.es/economia/justicia-europea-ve-ilegal-modelo-720-obliga-residentes-espana-declarar-bienes-extranjero_1_8692550.html) + +This was a bit of pain in the ass for spanish investors that wanted to use brokers outside Spain (e.g. Degiro), as they risked fines of at least 10.000 EUR per "undeclared piece of data". +Where I live (Portugal) most mortgages are linked to Euribor. Mine in particular is linked to 12M Euribor. Last month we went from paying 399€ to paying 517€. + +We're pretty comfortable with this value, but we're also a bit worried since inflation doesn't seem to slow down and the ECB will continue to raise the interest rates. + +I've seen people say that it will probably reach 4% next year. I've also seen people say that it will climb above the inflation rate. + +Of course I can't predict the future, no one can. Personally, I'm preparing for the ECB interest rates to reach at least 2.5% until the end of the year and 12M Euribor to reach 3.5%. In 12 months time I am preparing for 12M Euribor to reach 6%/7%, which means I would be paying more than 1000€/month for my mortgage. + +I don't have any economic background, so I'm not too good at analysing this situation. I'm just going a bit off of worst case scenarios. But I am interested in knowing what everyone in this subreddit thinks about this. +I am seeing comments similar to "this new satoshi dice site is glitching and is giving everyone that bets 32,000 or 48,000 free bitcoin" and is to a breakios7 domain and is definitely a scam. Report those comments and don't lose your bitcoins to this scam. + +EDIT: Looks like the scammers are getting together to downvote and attempt to bury this story +Hey guess, I graduated in May 2020 and was fortunate to find a job. Since then, I started working June 1st. I have been putting a majority of my money towards my car (paid 6k off). I also bought a furniture set for my apartment when I move out next year and a new wardrobe. I have no other debt and need nothing else right now. Should i continue paying off my car to the fullest or tone it down a little? + +From what it sounds, I’ll be moving out end of Q1 to go into the office at work. I was planning on putting the majority of my next 3 paychecks towards my car as well as my tax refund check which would bring it down to 6000$ not including my tax refund check. + +Just asking if I should get rid of the debt completely or when to start saving? I get paid 2 times a month, beginning and the 15th. Thanks everyone + +> Talks between Chinese President Xi Jinping and U.S. President Donald Trump have concluded. No additional tariffs will be imposed after January 1, and negotiations between the two sides will continue. https://news.cgtn.com/news/3d3d414f3041444d31457a6333566d54/share.html + +**Previously**, Trump put 10 percent tariffs on $200 billion in Chinese goods, which was planned to go up to 25 percent since Jan 1st 2018. https://www.cnbc.com/2018/09/17/trump-puts-new-tariffs-on-china-as-trade-war-escalates.html + +**The** Trump-Xi talk today agreed to keep their trade war from escalating by halting any new tariffs for **90 days**. It is a good news to the stock market, given that a truce talk between the world two largest economies will give both sides more room to negotiate future terms. + +Edit: Thanks for the Gold Award! My very first one on Reddit. You make my day! +Total unemployed persons is 922k +Total employed but not working any hours is 215k +Total people collecting centrelink but not actively seeking work due to covid is 610k (per July data from department of social services) +Total labour force is 13,637k + +Unemployment rate = (922+215+610)/13637 += 12.6% + +Also, underemployment is 11.6%. + +This figure is down from the 13.2% in July. So the headline today is correct, as you would expect with 5/6 states reopening in this period. + +I note that there are usually 50k or so that are employed but not working due to long service leave but I am not sure to what degree covid and furloughs has affected this. I also note that people receiving centrelink benefits exceeds total unemployed but usually by 50-100k. +Sup Apes + +Not financial advice. Am retarded, uhhhh idk6? + +I am retarded and you should not listen to me, but what you *should* do is play this obligatory crank to set the mood: [https://open.spotify.com/track/3MrRksHupTVEQ7YbA0FsZK?si=4fe664cf42c04b95](https://open.spotify.com/track/3MrRksHupTVEQ7YbA0FsZK?si=4fe664cf42c04b95) + +Idk where to begin or what I'm even really gonna be going over in this post, but I'm bored and thought, maybe instead of getting drunk and doing nothing, I could at least get drunk and write a DD. See, even complete and utter degenerates can be at least somewhat useful. sometimes. + +Anyways, what a day eh? After a not so intense drop of about 10% after hours yesterday (watching it live was hilarious), not only did we recover, but we actually ended up closing higher than we closed yesterday! + +like what?! + +This stock FUCKS!! + +Anyways, I wanted to touch on what I see from a fibonacci and Elliott Wave standpoint, and as always completely ignore all other indicators. Remember, indicators are more or less derivatives of price action. IMO, if you really want to learn to trade, learning shit like fibonacci and volume profile is the way to go. RSI, MACD whatever is helpful to an extent, but that's basic to the point where if it's too easy, everyone would be a millionaire. + +I guess GME is the exception, but nonetheless, let's dive in. + +As most of you know now, I'm only a technicals guy. While I think from a fundamental standpoint, Gamestop had a KILLER earnings, mainly in the sense that they are set up to grow and expand into new territory, but there are countless other posts that go over this. I'm the wave man ;) + +Starting off with earnings yesterday, I was going to write a whole dd going over what I expected but honestly didn't have the time in the day to make it happen. If you are into my analysis though, I would highly recommend you join the [Twitter gang ](https://twitter.com/gavinmayreal). I put this out right before the closing bell going over my thoughts: + +https://preview.redd.it/09aib40xrjm71.png?width=1018&format=png&auto=webp&s=b744f7765dc286d792b08d553aa089efbbcc7e2f + +&#x200B; + +https://preview.redd.it/doubcifzrjm71.png?width=1160&format=png&auto=webp&s=9f124fd73430cea99f5962ad21b334d038017895 + +Guess where we bottomed yesterday? + +&#x200B; + +[mic drop](https://preview.redd.it/3mb2fm34sjm71.png?width=2790&format=png&auto=webp&s=beb698c1a97d3423f1d143b0f378a566737d305e) + +The burning question, where do we go from here? I'll give my personal opinion on what I think happens from here with some pretty pictures that will get you so fucking jacked your nips will fall off. + +yea. + +that jacked. + +Anyways, let's dive in to the price action on a macro scale and see if we can draw conclusions. + +First off, let's go over basic wave principles and rules. + +**Wave 1**: no specific rule other than there will be 5 waves within it (fractal. 12345) + +**Wave 2**: steep retrace, subdivided into 3 waves, "ABC," cannot go below the low of wave 1. + +**Wave 3**: often the most elongated and explosive of the 5 waves in equities markets, cannot be the shortest, subdivided with 5 waves (12345) + +**Wave 4**: shallower retrace, subdivided into 3 corrective waves, often complex corrections vs simple (WXY vs ABC more common), **cannot intersect with territory of wave 1**. + +**Wave 5**: Final impulsive leg, subdivided into 5 waves (12345), can be shortest or longest. Usually longest leg in commodities markets. + +Obviously it goes a lot deeper than this, but save this post, screenshot this, whatever. It will help big time in understanding my work, and even help you dive into the topic on your own if interested. I have not listed the common ratios assigned to each wave as GME is not at typical security, the descriptions above give enough information to follow what I'm about to discuss. + +There are actually 2 counts in play right now, but for simplicity's sake I'll only be discussing the one that I favor. To be fair, it's more or less the same interpretation that yields the same result. + +Here's my current count on a 1 hr chart: + +&#x200B; + +https://preview.redd.it/dzb193s5ujm71.png?width=2774&format=png&auto=webp&s=81f0158ca3448ea2e44e976cff07d543e091de1c + +Note the 5 moves up and 3 down, 12345 and abc respectively. Also note the bounce of the supposed bottom of wave 2 was at the .618 retrace of the entire 5 wave impulse to the upside, forming a larger wave 1. + +Wave 2 most common retrace target is .618 retrace of the entire impulse. Remember, wave 2 is often a steep correction, in psychological terms, it's when most are shaken out before a very impulsive move to the upside which is often accompanied with vast amounts of FOMO from those that sold out on the drop. + +Lucky for diamond hands, we're ready to catch the explosive move. + +Before I go into upside projections, i would like to lay out the scenario in which we trade sideways for a bit before exploding. + +Remember, Elliott waves is a fractal trading strategy, meaning moves come together to make up even larger moves. 5 waves form 1 larger wave. + +That being said, the thing that trips up new EW traders the most is ignoring fractals within the corrections. I've stated this before, but it is much easier to identify and predict impulses vs corrections. BUT, once you have corrections down, it feels like a cheat code to financial markets, as you can more or less predict every move before it happens with very precise price targets. You'll also know to the penny if you're correct or not. + +Without going off on a tangent talking about how corrections are formed and whatnot, this is a typical zig zag correction subdivision visualized: + +https://preview.redd.it/m907x586vjm71.png?width=975&format=png&auto=webp&s=63dd3716cbd8d8d4116baaae46786a27ecc2b423 + +Most people are quick to call the bottom at the end of the A wave without realizing the upside move is actually just a b wave forming. + +Anyways, here's what I think is most likely IF the bottom isn't in after today: + +https://preview.redd.it/1yparcecvjm71.png?width=2798&format=png&auto=webp&s=d1c647c63d9e4e40b868650d2eb5430d62dca929 + +Price points are vaguely drawn as I literally used a computer crayon to make it. Nonetheless, compare this image to what you see above and it makes sense. + +Next, as to why I think the above visual is likely, is time extensions. Historically, GME and wave 2s have extended to the .786 time extension of wave 1. In lehman (bros) terms, wave 2 is shorter in length than wave 1, and it should not be longer. The time ratios give us possible turn dates. + +Can your RSI do that? + +Here are historical wave 2 turning points visualized so you can see what I'm talking about: + +&#x200B; + +&#x200B; + +[march ](https://preview.redd.it/e2pxss01wjm71.png?width=2798&format=png&auto=webp&s=2fc25fe950514aebe1767c6868d3a1cec4aa2700) + +&#x200B; + +[August turnaround](https://preview.redd.it/usj0zhc7wjm71.png?width=2772&format=png&auto=webp&s=569163c59f24316660682c46758db1d781473be8) + +What I'm getting at is, if history has been any indicator, the .786 time extension has proved its worth. + +Do note however, **today** marks the .236 time extension ratio, which does satisfy the length of a wave 2 (often times we will hit a ratio before turning) + +What I expect if we are in a B wave of wave 2 and not beginning wave 3 is the following: + +Watch for rejection between 210.7, then a flush down to 156.08. Obviously it could happen very differently, but to track the movement, take the length of the move down from 231 to 178 (53 points, remember this), and wherever we reject before 231, expect a 53 point move down from there. This way, the A and C waves gain parity at the 1:1 level. If we reject at 220, then I'd expect to see 167 from there before launching. + +Do note though that this is all theoretical and we might be done with the wave 2 correction already. In This case, the next targets are as follows: + +&#x200B; + +https://preview.redd.it/ei8y95mbxjm71.png?width=1046&format=png&auto=webp&s=a4379df5d3f56048ef9233c627c7bc4d61788aad + +If the low is in at 178, 263.4 or 316.83 are most likely to be next. If we do what I outlined above, subtract whatever the difference is from 178 and the new low (lets say 160 for simplicity). So whatever targets you see above minus 18 would be new wave 3 targets. + +Enough of this macro analysis, my head hurts explaining it is this great of detail lol + +Here's why I'm mega mega jacked. Here's my count on trading view so you can see trajectory (do note that the price points are just for visualization, actual fib levels are on TOS but you'll have an aneurism if I put that on screen cause I have so many and only I can really differentiate which target is assigned to what out of the 30+ levels 😂) + +&#x200B; + +[boom.](https://preview.redd.it/bkk0ua2xxjm71.png?width=2686&format=png&auto=webp&s=e1d0c1e7aadd0a6f2877f15d40c37993e0c8aea1) + +This alone should get you jacked up, but if that wasn't enough... + +Remember our explosive move up about 2 weeks ago, from like 160 to 225? + +Well that was obviously a wave 3. but the overarching wave was a wave 1. + +Now that we had our steep correction (which was 100% factored into EW) we are beginning a move of similar nature on a BIGGER SCALE! + +I fully expect 100+ point days when this begins to go parabolic in this current wave set. Can talk more targets when those days come, but for now, I'll touch on fib time extensions 1 more time to give a roadmap. + +https://preview.redd.it/d8f4zqtbyjm71.png?width=2018&format=png&auto=webp&s=9f5c5e0b1b016ba3bfb1e653fb0d68e772e8ae9a + +MOST COMMON wave 2 turning points are .618 and .786. This would put the beginning of the explosion at 9/17 and 9/21 respectively. Also ties into the idea that we are not quite done correcting yet (see above visual with blue squiggly crayon shit) + +So what will happen for sure? No fucking clue man. I just read the charts, but I love what they're telling me. Paytience is a virtue and those that have made it this far will be handsomely rewarded in time. + +This is THE dip before the rip. Waves don't lie, and frankly, where we're headed, we're probably gonna need some space suits. + +I'd call up NASA but they just hired the director from the shining to "land on the moon" (if you know what I'm talking about you get bonus points) + +Elon is next in line cause fuck Bezos. + +LETS FUCKING GOOOOO! + +also, if video analysis is your thing, I more or less transcribed a video overview I made yesterday: [https://www.youtube.com/watch?v=FnRaVrX9IpI&t=164s](https://www.youtube.com/watch?v=FnRaVrX9IpI&t=164s) + +&#x200B; + +TLDR: uhh, buy and hodl? possible wave 2 correction isn't done and this upside move is the B wave in an overarching correction, wherein we should see 1 more steepish drop from wherever we reject (my money is on 210/220) before bursting into the stratosphere. In the above interpretation, expect to begin going retarded on 9/17 or 9/21 IF we don't reject a level below 231. If we break above 231, we are LIKELY impulsing into wave 3 that will kickstart the fabled tsunami, but can't rule out running/expanding flat. More on that if/when it happens. Seatbelts on ladies and gentlemen, this rocket is about to leave the stratosphere 🚀 +After all these cefi shenanigans, trust in cex's is at an all time low, however I'm locked in w/ CB until eth2 launches and then...who really even knows how CB will handle the redemption. Fingers crossed cuz I'm just along for the ride at this point. +Hey, just wanted an opinion on when you think it's best to exit your long leg of a PMCC. + +I'm currently down 20% on two of my PMCC right now and I think the market can still go down some more.. should I close them down now or wait it out? +Hi there, + +I have been looking for a free course that details the basics of how economics consulting careers work and most importantly how to do economics consulting or break into the field. That is the basics of economics consulting. + +So far even after searching for 3 months I still cant seem to find any such courses. I have searched Udemy, Coursera, Google---nothing what I was looking for. There are a few for Management Consultancy but nothing about Economics Consultancy. Infact some PDF booklets on Economics consultancy are only a few pages and only provide a snapshot of careers there or some vague generalities and not in details. + +Can someone please provide a link to such a course or at least guide me to a resource where I might be able to find something like this? +I'm buying my home and it comes with two rental properties. The loan is 300k with a down payment of 10,500. At the end of the day I would owe the bank 700 a month after I include the rental incomes. In 4 or 5 years when I move out I would rent out my home for 1500 so I would have a profit of 800 a month. Does this make sense or is this a bad deal ? +[https://www.abc.net.au/news/2022-05-15/coalition-offers-incentives-for-older-australians-to-downsize/101067920](https://www.abc.net.au/news/2022-05-15/coalition-offers-incentives-for-older-australians-to-downsize/101067920) +[https://www.afr.com/property/residential/sydney-s-inner-suburbs-post-sharp-house-price-falls-20220302-p5a0vp](https://www.afr.com/property/residential/sydney-s-inner-suburbs-post-sharp-house-price-falls-20220302-p5a0vp) + +Beaconsfield 9.2% drop + +Newtown 6.6% drop + +Surry hills 6.1% drop + +Birchgrove 6% drop + +Anyone with CoreLogic RP can shed more light into what the current trend is for other inner city suburbs? +After your learning curve which will take awhile the patterns will make sense, and you’ll be green when the overall market is red, or a certain sector gets wrecked. + +Volume and price action. +Trade like kings. + +GLTA +Ever since GME printed the highly anticipated Golden Cross on 16th August, the price has dropped from a high of $45.43 to roughly $26, where we sit today. This is a drop of approx 43%. + +It was expected they would do whatever they could to suppress the price, and invalidate the Cross. And needless to say, many here were frustrated with yet another failed technical indicator. Whatever they did, it worked. + +For the price to start tanking immediately after the cross printed, shows without a doubt, how highly manipulated this stock is. + +They manipulated it down so much, we are now on the cusp of printing a death cross, where the 50 day moving average drops below the 200 day moving average. It means absolutely nothing with the record low volumes we’ve seen in recent days and weeks. + +It usually takes many months to flip from golden to death cross, I’ve never seen one happen so soon on the charts. The Golden Cross was only 36 trading days ago. Price is far easier to manipulate with low volume, and they have it exactly where they want it to be. + +This is all in the name of trying to fuck with your mind and suppress buying. Now is the time to buy and DRS like never before at these discounted prices. + +While many of you are zen, I’ve been working my ass of to buy and DRS as much as I can. The harder we work now, the sooner we end this and never have to work again. + +TA/DR : the Golden Cross was organic and real, the Death Cross is as fake as the price. + +Fuck you Ken. +How do you or have you handled donation requests from people you sort of know? + +As a business owner and fatfire guy I feel like a walking target for golf tournament sponsorships, donations to this that and the other. Additionally friends that really know us realize we aren’t just a small time Mom and Pop shop so that amplifies it even further. + +What are some strategies you have used? My own brother asks every year for one or two things and he must think I am a jerk when I don’t want to play in his $300 golf tournament for his church. +Ive heard a lot of stories in this sub of people who make 10% on average a month, but this seems confusing to me because couldn't you just maximize your edge and make much more? + +I understand certain strategies require more liquidity than others and that usually is what causes a strategy to have a fixed amount of revenue, but why couldn't you just apply the strategy to every asset class and then theoretically makes 10% each stock/sector/future>??? + +Logically, if you just traded more frequently, the higher % you would earn. + +Maybe I'm thinking about this the wrong way.. +What’s good ladies and gentlemen + +I’m only 18 years old and I have no where near the amount of ETH as the whales in this community because I don’t have a lot of money. + +Prior to today I only had 1.25 ETH in my account. Tonight I said yolo and fuck it and dropped 80% of my savings into ETH. I have no bills to pay, and I’m currently in college with no debt so I honestly didn’t see a crazy risk in doin it. I was probably gonna blow the money on clothes, fast food or some other dumb shit anyway. + +Needless to say I have over 5 ETH now and I’m proud of my actions😎🚀📈 +Central bank offered $75bn in short-term operation to alleviate funding squeeze + +[https://www.ft.com/content/2c11a972-d941-11e9-8f9b-77216ebe1f17](https://www.ft.com/content/2c11a972-d941-11e9-8f9b-77216ebe1f17) + +I think this should be getting more attention. At first it was believed to be technical factors instead of systemic issues, but now it appears to be a liquidity problem related to banks either trying to pay quarterly taxes or buying Treasuries. + +Makes you wonder if this will have some bearing on the Fed's decision this week. + +&#x200B; + +Update: The Fed is planning to inject *another* $75bn tomorrow morning, September 18 (article updated). Interesting. + +Update 2: Dealers requested over $80bn Wednesday. Overnight rate still rose to 2.3% yesterday, above the Fed's target rate of 2-2.25%. +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.” +Hi all, just wanted to give a little extra insight on a common little metric that I've been seeing thrown around too loosely around various investing subreddits. Thought this would be useful for all your DD efforts. + +ROE (Return on Equity) aka Net Income / Average Shareholders' Equity + +People love throwing out ROE numbers to get you to love whatever they are pitching, but you should be automatically suspicious of ROE as a headliner number. + +ROE can be written another way: ROE = ROA x Financial Leverage. + +ROA is an **operating** metric. + +Financial Leverage is a **capital structure** metric. + +So ROE is a blended metric of both: operations and capital structure. + +This is significant because when you are comparing two competitors and think that one with a higher ROE is a better value play that may be a mistake. + +Those two hypothetical companies may have the same exact ROA but company A may just have borrowed heavily, which will jack up ROE. No change in business model, operations, efficiency, etc, just a simple increase in debt will make your ROE go up, even if you just sit on the cash and don't use it. + +Remember, debt is risky for equity holders, no guarantee that a company will use it for productive projects. This risk is further compounded in a near zero rate environment. + +ROA is a more relevant metric if you are commenting on the core business model. + +At best, ROE without context is a distraction. At worst, it can be downright misleading. + +Happy Investing! + +&#x200B; + +btw this wouldn't apply to bank stocks +Millennials are earning 20% less than boomers did at the same age in life... + +Could this be because millennials are going to earn more later in life, because of longer education periods? + +How would the total lifetime earnings compare? +[Here is the website](https://whistlinginthewind.org/2013/12/31/where-does-the-price-come-from/). + +The overall summary is that the supply-demand model is only true for a small portion of markets, but the vast majority of markets have very "sticky" prices where prices don't change in response to a change in demand but quantity produced/sold does. And prices themselves just come from businesses adding a markup to their costs, not necessarily trying to meet demand. + +The blog ends off by saying: + +"So prices are not as simple as supply and demand and once again Neo-Classical theory has been found to be in conflict with the real world. Instead, Post-Keynesians seem to be closest to the mark in their explanation of prices. This should cause a significant rethinking of the free market, away from viewing it as natural and self-adjusting. Instead it can be as rigid as the government it is often held in contrast to. An examination of how prices in the real world operate will contribute to helping to understand market inefficiencies and how to correct them. Prices do not come from an invisible hand or the wisdom of the market but are administered and fixed." + +So how true is this idea? Is the blog for the most part correct or does it have many inaccuracies? +It happened to me last month with a site that supposedly gave you a free credit score. $1 charge for "verification", $19.95 charge the next week because the trial period was over. + +Anyway, here's a list of places to get your credit score for free, as in actually free, no credit card required. I picked these up with some research on this sub: + +*[Credit Karma](https://www.thebalance.com/credit-karma-review-960468) + +*[Credit Sesame](http://financeography.com/credit-sesame-review/) + +*[Quizzle](http://financegourmet.com/blog/credit-cards/quizzle-scam-or-legit/) + +*[Discover](http://time.com/money/4357095/free-credit-report-discover-credit-scorecard/) +Pardon my rambling post. + +What are renters long term protection plans to runaway housing costs 20-40 years out? The focus is rent vs. buy calculators are great if you are in a rent control home. Otherwise, it seems as FIRE renters we are setting ourselves up for a mid-FIRE crisis. + +It seems like right now the rent vs. buy in any "want to live in" city from San Francisco, Los Angeles, Bozeman, Portland, Boulder, <insert your favorite city here> I could go on and on...and on, has a housing shortage. There is a growing trend between the cost to purchase and the price of rent, where renting is far cheaper than owning. Put it in your rent vs. buy calculator for these cities and renting is winning far more than buying and usually by a significant amount. Hundreds if not thousands of dollars per month saved renting. It's investors chasing returns anywhere possible and parking money. Nothing about the quality of the city, families, walkability, blah, blah, "insert realtor fallacies here" + +&#x200B; + +The test: + +Go on Zillow and find 10 homes for sale in a desirable part of town. Now go on craigslist and find a house or apartment on the same street, maybe even the same home and its last advertised rental amount. Without fail in all of these places 9 out of 10 times I'm finding it's far cheaper to rent than purchase the home. Example. A home in Bozeman is renting at $1,400. Its purchase price is $429,000 (mortgage + taxes around turns it to a $2k monthly ownership outlay. Not including maintenance, etc.). A condo is renting at $1,100. The same condo is selling at $389,000. In Santa Monica, an apartment two blocks from the beach rents for $2,400. A 1 bedroom condo on the same street sells for $750k + 750 HOA. I've done this for dozens of cities and hundreds of homes in these cities as I look for investment properties. The numbers never work. You can add in the metric of average income per household for a city and find that the average in those cities doesn't make enough money to pay the mortgage costs. It's mind boggling. + +With FI on my mind the goal is to not lose (locked out of my favorite place to live) in this housing battle. I understand predicting long term is "speculation" so call this a fun exercise. How do we not lose when renting wins the rent vs. buy calculator over a 30 year span? In Santa Monica you have rent control that protects renters that choose to FIRE. I could stay there for life, but I find rent control has a terrible influence on critical life decisions such as how big of a family to have, when to couple up, or anything that might influence you leaving the rental or outgrowing it. + +In San Francisco - rent control can also be used for protection, but only in certain parts of town and buildings of a particular age. In other cities and states where rent control does not exist, those that choose the rent vs. buy calculator option could find themselves forced to move to a second, third, or fourth tier city or a bad part of the city that is affordable. You might say - big deal, But that little move will reset your rent 20 years from now. It will change your routine and the people you've built relationship with over time. Your friends will now live a far driving distance from you, ultimately breaking relationships. You have to find new running route, biking routes, and hobbies reframed for whatever weather or terrain you end up being able to now afford on your FIRE income, since you chose to be a FIRE renter and you are now 20 years in the future and at 20 year future "market rate" rents. + +One thing I've also noticed, people use to say, "Only buy if you are going to live there for 10 years". Then it went to 5 years. I just read someone on this forum say "Buy if you are going to stay for at least 3 years". I thought that was absurd, but reflecting, if you can afford it and have plans to FIRE within 10 years maybe you buy no matter what simply for the protection. If you get locked into your house due to a crash, then that's where you are going to FIRE and that's the worse case, not all that bad because you still get to FIRE in a place you are already familiar and have built relationships around. + +My strategy is I rent my primary residence in a rent control location (luck, not part of this equation). To offset my rental, I've decided to purchase a rental property in the cheapest house to purchase city with a great quality of life that I'm excited to FIRE in, but can't today due to my work. To me this is my rental offset program. If housing goes down and my retirement property plummets, I'm hedged by my rent vs buy savings. Today a portion of my rental savings is diverted to pay for the mortgage on my future FIRE rental home where the rental income doesn't cover the mortgage. No property investor in there right mind would say that's a good deal, but this isn't about income investing. It's all about protection and not being trapped during FIRE or being priced out of housing 20 years out. + +I also happen to live in a rent control apartment today in a great location, but a determined investor can wreak havoc on a rent control tenant to the point of it not being worth it and ultimately kicking you out (see previous remark of welcome to 20 years in the future rental rates). This is inevitable for any rent control property if investors continue to chase anything and everything for a place to park money and a tiny return. + +&#x200B; + +Name a city and find its "housing crisis". Funny given we had a big ole housing bust followed by some of the lowest population growth ever in the US and now we don't have enough housing. + +&#x200B; + +[https://finance.yahoo.com/news/boulder-can-teach-nation-housing-crunch-180135043.html](https://finance.yahoo.com/news/boulder-can-teach-nation-housing-crunch-180135043.html) + +[https://www.minneapolisfed.org/publications/fedgazette/montanas-housing-crisis-what-is-and-isnt-working](https://www.minneapolisfed.org/publications/fedgazette/montanas-housing-crisis-what-is-and-isnt-working) + +[https://www.huffingtonpost.com/entry/san-francisco-housing-crisis\_us\_5750a95ee4b0eb20fa0d682e](https://www.huffingtonpost.com/entry/san-francisco-housing-crisis_us_5750a95ee4b0eb20fa0d682e) + +[https://www.opb.org/news/series/greetings-northwest/a-look-back-at-oregons-housing-crisis/](https://www.opb.org/news/series/greetings-northwest/a-look-back-at-oregons-housing-crisis/) + +[https://www.usnews.com/news/best-states/articles/2017-10-11/addressing-portlands-housing-crisis-a-priority-for-citys-age-friendly-initiatives](https://www.usnews.com/news/best-states/articles/2017-10-11/addressing-portlands-housing-crisis-a-priority-for-citys-age-friendly-initiatives) + +[http://www.santamonicanext.org/2016/06/santa-monicas-housing-shortage-is-nearly-as-bad-as-san-franciscos/](http://www.santamonicanext.org/2016/06/santa-monicas-housing-shortage-is-nearly-as-bad-as-san-franciscos/) + +Population growth: + +[http://www.multpl.com/us-population-growth-rate/table/by-year](http://www.multpl.com/us-population-growth-rate/table/by-year) +My wife currently makes about $102k but hates her gig. She is the youngest manager in her company, presents to the CEO, and generally kills it, but hates the way she is treated and being a manager is not for her. Also, she is going back into the office now (2-3days a week) and the commute is near an hour. + +She has been applying to jobs closer, or virtual only. One promising one is 10min commute with a large hospital in their corporate offices. She is fine taking a pay cut and dropping down to $85k or even $80k if it feels right. + +However, she is nervous because they ask how much she makes now. She thinks they will see her current salary and cut her out from the get go as she is deemed “too expensive”. Is that a thing? Is there a way for her to bring this up without saying “I am fine making less” and hoping they do not low ball you? + +Also, as two people who really never looked for jobs in a traditional sense, what are some of the ancillary benefits she should consider of great value? Is there anything besides health insurance, 401k match, and vaca time that she should focus on? Thanks! + +Edit: First, thank you all for the responses. To clarify some points, I know that it is illegal to ask this in some states, but that does not change the fact that they did ask it. + +Second, this was asked on a standard form application, not in an interview. It only let her input numbers. + +Third, she is looking for a job that is not managerial in nature. She is not underselling herself, but knows that she is looking for a less demanding job and effectively a demotion from her current position, so she expects a haircut. I keep telling her she likely can move and keep same pay, if not get more, but she grew up with a single mom making $30k/yr, so she thinks all of this is “too much” and that she is overpaid. +Tofu gets a bad rap because people hate vegans so much (full disclosure: am vegan), but at $2/lb you cant do a whole lot better in terms of [nutrition](https://www.bbcgoodfood.com/howto/guide/ingredient-focus-tofu) + +It has basically no flavor but will absorb the flavor of whatever you want. Theres thousands of recipies out there. Try one! Even if its just adding cubes to your vegetable soup. +(Please join up in our slack if interested https://join.slack.com/t/icoreview/shared_invite/MjEzNzQ4MjY0ODgwLTE1MDAzOTk2MjItMDk3Yjg4M2RkOQ) + +Last week I posted [a thread](https://np.reddit.com/r/ethtrader/comments/6o0om9/upvote_if_you_think_ethtrader_should_create_a/) about the EthTrader community mobilizing to enforce some greater standards on ICOs. It was well received, and a fair amount of people (over 60) joined up in the slack and we hashed out a google doc of what we thought was the most important criteria for evaluating ICOs. Then throughout this process a few more ICOs were "hacked", underscoring the need for a little more accountability and/or attention towards security measures being taken by ICO companies. + +Now to follow up on this, we want you to pick it apart -- call it a piece of crap, call it a broken scale, stupid criteria, etc -- and then offer up some alternative ideas if you feel this way. After we polish up this report card, we will be one step closer to implementing a solution for the community to come at ICOs with (which we have a few things in mind as for how to get this criteria put to use). + +**Here is an imgur screen shot of the report card document:** + +- https://i.imgur.com/b2DoCJR.png + +- https://i.imgur.com/cQMKHjJ.png + +And here is the doc to provide edits or comments if you wish: + +https://docs.google.com/document/d/1oWqyVMKQ0-oAJPxNLAWiclqkHHH3TRV_J4dLI6zu6tQ/edit#heading=h.rx8ksy61mx6 + +Cheers. +Any tips for best ways for partners to combine incomes? Would be good to hear from people as to how they did it, any regrets they may have had with how they did it, and how they might do it again in the future. + +Our main worry is the actual mechanics of combining it all with payments going out at various times of the month. I get paid at the end of the month and my wife gets paid on the 22nd (or nearest working day) so it doesn't seem that possible to just blob it all together at the beginning of a new month but happy to be wrong here. + +[This brilliant post](https://www.reddit.com/r/UKPersonalFinance/comments/l0i500/finances_for_couples_overview/) has been great in deciding what kind of split and management style we're aiming for - Method 2. + +Not sure if any background or further details would be relevant here but happy to give some if necessary. + +Thanks in advance! +Solana network is currently down yet again and is not producing blocks. + +According to Solscan, the last block was produced 5 hours ago. This is the 4th or 5th time the network is going down in recent months. + +[Solscan - 5 hours ago](https://preview.redd.it/txhcxhyfq1391.jpg?width=2606&format=pjpg&auto=webp&s=5216973affaccdfedfad89b53c629c860f8f74ed) + +According to Solana users, there were 5 NFT drops on Solana today which is being blamed for crashing the network. + +Solana have officially confirmed its down yet again, and that all operators should prepare for a restart. According to them assets are "safe" though they cannot be accessed. + +[Restart plz](https://preview.redd.it/61puj3poq1391.jpg?width=1272&format=pjpg&auto=webp&s=2c40d71a2eb4487b1204d649f529eb014b18a1eb) + +As usual, the Solana devs are online more than the network itself. +I have over 6 DRS transfers pending to computer share. None of them have been filled. + +The brokers are now pushing me off for 3-6 weeks - this is not real. How can my account have x$? If there are no shares in the account. At this very moment, the Brokers are simply not delivering us our shares. + +This is so freakin crazy im about to lose it over here! + +The Run on the brokers has begun... +So, i'm seeing a lot of suicide posts after the recent crash. I don't know how many of them are legit. i'm aware this is Reddit. But i'm also pretty sure there will be people out there seriously considering this. I have no personal or financial advice for these people since i'm not qualified to give advice like that. Please seek help from a professional, they can help you figure things out. Don't be ashamed by it, they have seen worse things. + +I just want to remind every one of you again: Don't spend money you can't lose. This is the most important rule of investing in anything. Every market can crash, even when you expect it the least. + +Most people say they are okay with a correction of 50 or even 80%. This may be true for many of you. But there are a lot of people out there that are not okay with it if it happens for real. And of course, if the money you worked hard for is 'gone' you will feel emotions, that is completely normal. But if you have spent money on crypto that you can't afford to lose (even if you only need it in 10 years) it will hurt differently. + +Don't get to greedy. Don't over-leverage yourself. A lot of times it will work out just fine, but if it doesnt, you are fucked. + +Everyone, please. Think about what will happen to your personal life if your whole portfolio goes to 0, will it change your life in any negative way? Please think again if the investment is a good idea. +Hey there, + +I'm a dad in a family of four (wife and two boys; 6 and 4). +I'm the sole provider for the family and recently left a job where I was making under 30k a year for a new job where I now make a 45k yearly salary. Which is amazing to me as it has lifted a huge burden. + +My kids were previously fully covered in medicaid and my wife and I had share of cost. On top of that we also were living on foodstamps ~$285 a month. And yet, because of some poor financial decisions in the past and using too much on credit cards to get by, I was still drowning in bills even with the extra help from the government. Finding this new job has definitely helped but I am still having some challenges. + +Now that I don't qualify for medicaid in the state of FL or foodstamps I have to take on both now, which is fine, but I'm struggling finding a way to insure me and my family. My job offers insurance but their rates are way too high for me: + +(Biweekly) +Employee Only $ 92.30 +Employee & Spouse $ 336.55 +Employee & Chld(ren) $ 255.13 +Family $ 519.76 + +When I found this out I turned to the marketplace to see if there were better prices but even there the prices don't really seem possible for me without going into a danger zone again. I applied for all four of us but I only got options for my wife and I because it's referring my kids to CHIP for eligibility instead, so I have to wait on a letter from that which will most certainly be after the open enrollment period closes :/ . The lowest offer I got for my wife and I was $466 per month, which I'd have to pay for the moment I sign up, under the catastrophic plan option which barely covers anything before a 7k deductible is paid. + +[I have attached a picture](http://imgur.com/y4aPGBj) of my income and monthly bills. +I just signed up for the YMCA for all of us and will probably have to get rid of it now that I know insurance is so much. Netflix can also be gotten rid of. + +My main goal is to see how I can insure at least my kids without redlining again as I'm already close. I'm already thinking I'll have to pay the penalty for my wife and I. I'm currently working to get all the damn debt paid off but I won't be able to if I have to use everything that's left just on insurance. I have no savings either. + +Any advice? + +Edit: holy freaking cow I didn't think there'd be this many responses. Went to a birthday party and came back to this. I'll try and reply to a lot of you guys. + +Edit 2: Im overwhelmed by this response and all you helpful people. Thank you so much. And everyone who pm'd me too. I did have a few mean ones but I've been on reddit too long to care lol. Cheers! +Given the most recent events surrounding Covid, the GameStop craze, and new investors piling into the stock market. There are folks watching what you post and sending you messages to convince you of the next best way to make handsome loot. + +They’ll push things like forex, binary options, crypto currency. It’s all a scam (not those things specifically but what they’re actually trying to convince you to do) + +No one. I repeat no one is going to go out of their way to help you make millions unless it’s for their own interest. + +I made one post here and received three messages almost instantly all pushing the same scam. Usernames available on request as I’m not sure if it’s allowed that I post them. + +Yes, I’m aware I spelled wary wrong, can’t edit titles. + +Edit here are the users that haven’t already been deleted + +* u/Dive_into_Anything +* u/KikiLucky +* u/TheRealSamBell (this guy obviously trolling as a result of this post but listing for transparency anyway) +Throwaway due to admittedly irrational paranoia. + +I work in banking/consulting/law/whatever the prestigious, long-hours, low-societal-value occupation *du jour* is. Not a doctor or engineer. + +I am extremely burned out. I ended up being the youngest elected partner/MD/VP in history at my global firm, and, having grown up in a poor background, it just about killed me to do it. I’m in very bad physical (I have rheumatoid), mental and emotional shape. I need to get a handle on this, because I’m starting to lose my grip a bit. + +Yes, I hear you on “therapy” - and if I’m going to pursue that route again, I need to work with someone that has experience with /r/FatFIRE ‘s admittedly small cohort of mutual experience. + +I’m unable to ask for recommendations from colleagues due to the competitive nature of my firm. + +Any advice from those who have been here before would be extraordinarily welcome. Thank you in advance. +I figure this is one of the more common dreams traders have. + +I travelled Europe, Africa, and Asia trading on the go for 6 months + +Lots of Pros and cons. Ask away! +Hi, + +I just noticed that the US stock market is open (Aug 4, 2020), but the Scotia iTrade account is closed. So, I can't access my funds to trade or change my investments. + +It's so unacceptable that I can't believe it. Has this happened before? +I started writing this post to try and get my thoughts out, and also guide some of the newer members of the sub. Instead I went back through old posts and just pondered on how the sub had changed since it started. + +First lets teleport back to 9 years ago, the world is falling apart due to the Arab spring, but Osama’s dead, the London Olympics is around the corner and the UK and US are looking like they are recovering, curiosity rover landed on mars. Around 1000 subscribers on the financialindependence sub: + +The financial crisis is still ringing in the back of your head, you knew people who seemed well off who lost their jobs and houses, the job market has been shit for a while. My parents sold all their shares in 2008/2009 and had three 0% down repayment mortgages for example (it was common knowledge in 2006 that it was a guaranteed way to be rich, reminds me of tesla/bitcoin). However, green shoots have been spreading for a while, 2010 wasn’t too bad really, 2011 is going great. The market is still two thirds below 2008 levels. + +You most probably read earlyretirementextreme or thesimpledollar, you most probably had read your money or your life, the millionaire next door or a random walk down wall street. You might have somehow found the bogleheads forum and got linked  through to reddit. I personally couldn’t find any of these resources and was looking at Peter Lynch, Warren Buffet, Forex trading, buying houses etc. + +So what are the main beliefs and thoughts? The main themes on the subreddit is sustainability, frugalness, being happier with less. I really think that’s a reflection of the time and points in a good way to survivorship bias. The best examples of people who had stayed the course were frugal and lived below their means, they had diversified assets. Index funds werent anywhere near as popular then either so it was much harder to not lose everything in the GFC, but some people were on the index fund train and were comfortable enough to power through. The only real way people could have done that is cut expenses and live within your means. + +Heres some example posts. Note all the comments are about living happily with less. + +[https://www.reddit.com/r/financialindependence/comments/nlnlb/celebrating\_1000\_subscribers\_to\_rfi\_whats\_unique/](https://www.reddit.com/r/financialindependence/comments/nlnlb/celebrating_1000_subscribers_to_rfi_whats_unique/) + +[https://www.reddit.com/r/financialindependence/comments/md1tv/rfi\_what\_are\_the\_most\_extremely\_awesome\_changes/](https://www.reddit.com/r/financialindependence/comments/md1tv/rfi_what_are_the_most_extremely_awesome_changes/) + +Zoom forward a couple of years to joining at the start of 2015, the world isnt really falling apart yet until next year (BoJo and Trump arent taken seriously), uptown funk hit number 1, Game of Thrones anyone? I think this sub hit 100,000 subscribers around then: + +The stock market is on an absolute tear, its finally surpassed its 2008 highs in 2014. The mood everywhere is pretty good, house prices have done very well in cities and recovered in most suburbs. The common person has started feeling ok about stocks again but has no idea what an index fund is, stocks are still considered pretty dangerous if you speak to your uncle. I distinctly remember reading lots of articles (maybe slightly earlier) that Amazon was a bad investment as it didn’t make profit, dividend paying stocks like utilities, oil and tobacco were the game of the day. I personally had made some disastrous plays into renewable energy stocks around 2014/15 as I was trying to be sustainable. + +You definitely read mrmoneymustache, probably religiously. You probably post here and read some of the other various blogs in the side bar (frugalwoods, jlcollions, getrichslowly etc.). You may have found the sub through some kooky articles on CNBC or the BBC. The book selections havent really changed much at all. + +Main conversation points? Frugality is still the name of the day. Living a happy and sustainable life. Riding bicycles everywhere and doing your own repairs. 4% rule is king. Some dissenting opinions are brewing about how incredulous it is to retire on $600,000, but the conversation is very polite. The veterans' portfolios are really starting to bear fruit and gain notoriety after investing through the downturn (or at least not selling and cutting down expenses). + +I really enjoyed reading some of the top posts from this year. + +/[u/rootofgoodblog](https://www.reddit.com/user/rootofgoodblog/) ‘s retirement announcement. Some disagreement about whether $32,000 was enough (spoiler, it was, maybe even too much so far) [https://www.reddit.com/r/financialindependence/comments/1pq2dn/retired\_at\_33\_with\_32000yr\_retirement\_budget\_me/](https://www.reddit.com/r/financialindependence/comments/1pq2dn/retired_at_33_with_32000yr_retirement_budget_me/) + +[https://www.reddit.com/r/financialindependence/comments/1ob1uu/how\_much\_money\_do\_you\_need\_to\_achieve\_financial/](https://www.reddit.com/r/financialindependence/comments/1ob1uu/how_much_money_do_you_need_to_achieve_financial/) The first name I clicked on here was /u/zikoris, who still seems active and preaching the frugal life, way to go. + +Zoom forward to the present day. >800,000k subscribers, the world is falling apart again, WAP was number one for some reason: + +10 plus years of constant returns, a flash crash near the start of the year scared the shit out of everyone for all of a month.  You probably know people not working now, but you’ve kept your job and also have saved extra this year. Your mate might even be sitting pretty on 5 bitcoins and some tesla stock. Instead of instilling fear the crash has instilled confidence. Every man and his dog has some ETF ‘Index’ funds. Turns out renewables and Amazon were the right call, go figure. Still, I have more money than the people at work bragging about bitcoin, not that I tell them. If I’d invested in index funds in 2011, not 2014/5, rather than a house, individual shares etc. I’d be richer. If I’d not invested in a second property after that I’d be a lot less stressed at the least. + +More than likely you found the site through somebody linking through to the sub, it might have even popped up on your feed. Theres a plethora of blogs and youtube channels, you might listen to choosefi, but just as likely other investing podcasts. The dinosaur blogger portfolios have hit unimaginable heights. Mostly they seem pretty bored of blogging now and rarely post. You probably work in software, you really might just be browsing around and shaking your head at the incredible wealth, you might equally have come and cannot fathom why people think 10% returns are good, you might equally also think 4% of your portfolio sounds risky. + +Conversation points now? Money is king. Lots more people that have stayed the course. It’s very common to be told that your portfolio isnt enough, its also pretty common to have to defend some luck you’ve had. A lot of portfolios are bitcoin and meme stocks, but still really the minority on this sub. I personally hide out in leanfire in my safe space. + +[https://www.reddit.com/r/financialindependence/comments/c2fotn/unpopular\_opinion\_thread/](https://www.reddit.com/r/financialindependence/comments/c2fotn/unpopular_opinion_thread/) One of the most popular posts last year. Probably skewed by hitting the front page + +[https://www.reddit.com/r/financialindependence/comments/djpwll/unpopular\_opinion\_1m\_isnt\_a\_lot\_of\_money\_anymore/](https://www.reddit.com/r/financialindependence/comments/djpwll/unpopular_opinion_1m_isnt_a_lot_of_money_anymore/) By my reckoning that was about $870k in 2011. I’d like to think people were arguing about shiller cape ratios, but not really. The estimates of FIRE have definitely ballooned. + +Now what’s my point? My original thinking was to write this for my own benefit. But also just show people it’s important to run their own race and be nice to each other, but to also think in terms of decades rather than thinking in the present. It took 6 years for the stock market to recover in 2008, this time it took 6 months. So much happens, so many plans seem incredulous but work out, some people get lucky, some people don’t. The people that have stayed the course are more than likely frugal, more than likely good at sticking to an achievable plan, and more than likely good at tracking things so they can adjust quickly. However some people stayed rich from the 2000’s housing boom the same way some people will stay rich from bitcoin and the 1990s tech stock boom. This fact is not my problem, I have a plan and I’m sticking to it. I had to message my dad regularly in March not to sell, although thankfully this time he had a competent financial advisor that he actually listened to rather than his son. + +Where will you be in 9 years? It’s good to think about that. + + +Edit: you can search yourself with https://search.pushshift.io/reddit/ +If you were in your mid 30s with family in mind, where your S/O could eventually find work making roughly the same they make now. Would love to hear how the FIRE community views the landscape for relocating. +Maybe I need a separate post for this to spare us a barrage of questions in the daily. Not financial advice. It's a little messy—bear with me. + +**Edit:** Thanks AQuietFool for picking up the ratio error. The valuations only held relatively true because LLL is likely to have a near identical float size to FFX. I've now given a range, where the minimum values LLL as 65% of FFX, and a maximum of 71%. + +**Dates (please confirm these yourself):** + +* May 3rd ($100mill capital raise cum-date: you'd need to buy by 4:10pm to participate) +* May 5th ($100mill capital raise record date: you can't buy FFX on this date, it's too late) +* June 2nd (cum-date for free LLL shares: you'd need to buy by 4:10pm to participate) +* June 6th (record date for free LLL shares: it's too late to buy FFX on this date) +* June 16th LLL lists + +*There could be an issue with record dates for people who try to buy in the final 2 days. Usually, you can sell after the cum-date. So if you're seeking the free LLL shares, you could sell on June 3. However, if you purchase on June 1 or 2, and sell June 3, you may not appear on the registry.* +*If you'd already been holding FFX for a few days leading into June 2, you may be fine. I can't confirm any of that.* + +June 2nd is the main game. + +&#x200B; + +**What enterprise value might LLL have?** +I'm going to exclude the pro-rata & shortfall offers from the following comparison (enterprise only). +For the figures below, I've removed the CXO and SYA offtake price caps from my table. As I explained previously, I don't believe they're properly factored in by retail. +This only works if you accept my 37.5% African discount (PE 8 v 5 on my table). Obviously most of HotCopper think African plays should be operating at a PE of 77 so clearly that'll be one of the biggest points of contention here. Anyway, it's easy to adjust to your taste. + +LLL's enterprise value: + +* $1.4 billion based on AVZ (no discount) +* $1.0 billion based on CXO (62.5% discount) +* $800 million based on LTR (62.5% discount) +* $1.4 billion based on SYA (62.5% discount) + +Those valuations will change on a *daily basis* as peers rise and fall. + +I'm reluctant to use SYA as a comparison for LLL, because they have other tenements. Also, if you've been reading my stuff for 12 months, you'll know that SYA is my nemesis when it comes to comparisons. +AVZ is the closest peer above by jurisdiction, but it's balanced by LTR, which has a more similar project. So I believe an enterprise value of **\~$1 billion** could be sufficient on listing, with the current intrinsic enterprise value at $865-$945mill (SP @ $1.12). In theory, you'd add their cash balance to that upon listing, but there's a problem, which I also discuss below. +**\[edit: at 16 May, deteriorating market conditions have probably seen FFX drop to no more than $800mill. It throws out all the figures below\]** + +&#x200B; + +**That's all well and good, but how much** ***might*** **my LLL shares be worth on June 16?** +The company says they'll take between $50mill to $100mill in cash depending on what's offered. We all know that it'll probably be oversubscribed & that they'll take the full $100mill, so I'm discarding the lower figure. +That means there'll be 1,197,600,000 shares on issue. +I've got an enterprise value of \~$1bill, but we can't add the whole $100mill cap raise to that, because most of it is allocated ([p.10](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02515667-6A1089227?access_token=83ff96335c2d45a094df02a206a39ff4)). See further discussion below. +So company value = $1,025,000,000. Divide that by 1,197,600,000 shares. += 85.5c per share on June 16 + +That's not a huge premium on the 73-79.5c it's supposedly worth now, but there's still a chance the market will put it above that upon spinout (every $100mill to LLL's market cap adds \~8 cents). Also, you should see some wild volatility in the first few days of listing. + +&#x200B; + +**Why I think traders** ***could*** **sell before 4:10pm on May 3rd:** +Imagine they have 50,000 FFX shares which are worth $1.10 @ 4:10pm May 3rd (cum-date). +They're entitled to 4,840 shares of the pro-rata offer @ 70 cents. +So if they take up the offer, they're paying $3,388 for what they hope will be worth $4,138 upon listing. +Total profit of $750. +However, if they sell their 50,000 in the lead-up to 4:10pm May 3 for $1.10, all they need to do from May 4 onwards is buy them for 2c less than they sold them for to make a superior profit to the $750. And it's instant profit. +To be explicit: they could sell their 50,000 shares at $1.10 on May 3rd, and buy 50,000 later for $1.08 to be financially better off than participating in the pro-rata offer (inc brokerage). +Not financial advice obviously! There're way too many variables in that hypothetical situation. It's not like LLL will open at $X price and stay there. + +But due to that, here's what I think *may* happen: + +* May 03 ← arguable buying pressure into this +* May 06 ← arguably modest selling pressure +* \[20 working days\] +* Jun 02 ← most buying pressure +* Jun 03 ← FFX tentatively rerates to 51-63 cents (see end of post) +* Jun 16 ← LLL trading at a tentative 85.5 cents + +Once again, please confirm these dates yourself. +So if you buy 100,000 FFX shares by 4:10pm June 2, in 10 working days they would tentatively be worth $112-124k, equivalent to $1.12-1.24 per share currently: + +* 100,000 x 0.51-0.63 = $51k to 63k +* 71,428 x 0.855 = $61k +* Total $112 to $124k + +*If LLL is worth 65-71% of FFX at 85.5cents, that puts the company @ $1.20-1.315. Where does $1.12-1.24 come from?* +Upon listing, the company instantly undergoes a 10% dilutionary event, which is mostly incorporated into the enterprise ([p.10](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02515667-6A1089227?access_token=83ff96335c2d45a094df02a206a39ff4)): + +* $60mill on CAPEX +* $5mill transaction costs +* $25mill working capital +* $10mill loan repayment to FFX (aka cap raise). + +You read that right. FFX just snuck in a capital raise, as predicted by WowVeryJosh. The company added an additional $70mill in costs that many investors thought were already accounted for. +If you read the last quarterly, FFX spent $7mill developing Goulamina ([p.17](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02513755-6A1088238?access_token=83ff96335c2d45a094df02a206a39ff4)), plus drilling & other admin costs. That's why they're claiming $10mill was borrowed, which ignores the fact that most of that was raised from lithium investors. +If you're wondering why Ganfeng didn't debt fund the remaining CAPEX as FFX implied might happen ([p.1](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02472608-6A1071162?access_token=83ff96335c2d45a094df02a206a39ff4)): Ganfeng had a choice between $120mill from a 3rd party debt, or their own $40mill in funding ([p.1](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02472608-6A1071162?access_token=83ff96335c2d45a094df02a206a39ff4)). Guess which one they went with. + +&#x200B; + +**I want to sell my FFX shares 7th June. What** ***might*** **they be worth?** +The company is saying 29-35% of the total valuation is attributable to FFX. So if you agree with my calculations above, that would put FFX at about 34-46 cents *under current conditions*. +However, FFX will own 20% of LLL, which is likely to be over $1 billion. + +So $404.6-547.4mill for FFX (34-46 cents) + 20% of 1.025bill += $609,600,000-752,400,000 / 1,190,000,000 shares + +The market *may* potentially rate FFX @ 51-63 cents upon demerging. + +Gold is the elephant in the room. If it goes higher, it could easily push the SP past these projections. +Also, lithium investors are currently pouncing on anything with a pulse, so if I've understated LLL spinout market cap by just $50mill, that's worth \~4 cents. 85.5 + 4 = 89.5 cents. Quite a difference. Clearly, if you don't agree with my African discount, and prefer something like 30%, there's a lazy $100mill right there. In particular, that discount may be reduced if Mali come to an agreement with ECOWAS to lift the sanctions. + +**Reminder: The peer comparisons (LTR, AVZ, CXO, SYA) I've just used for this analysis will change every day, which means the 85.5 speculation I've done will change every day.** +Hello! + +So I signed a lease on my first college apartment. It's in a student complex and the rate is $1,040 per month, absolutely everything included. I planned to spend $400 on food a month as a very liberal estimate. I'm actually probably only going to spend $200-300 (I've grocery shopped for myself for over a month while my parent was gone). + +I did my planning and it will be a little less than what I spend to be on campus. However, it is a full year lease. Meaning in the summer, I'll have to really work my ass off to make that much. I know I'll be able to, but it will leave me little room for saving. + +My father is an accountant and is VERY controlling with my finances, which is why I am here and not asking for his advice as usual. He is a bit pissed at me for signing the lease already. He says its way too expensive. The thing is, I did my searching for LONG time (about a year now) and the absolute lowest I could find was $800 with nothing included and far from campus (30 minute drive at least). The average was about 900 with some stuff included, but not everything (would at least be an extra $100) and a 15-minute drive from campus (which is pretty common). + +(Side note- the lease begins January and the student complex is very popular, so I should be able to get out of it easy. That's basically the point of this post- if I should get out of it ASAP). + +So here's the deal. I cannot live with my parents during the summer again as I have two jobs where I go to school that expect me to stay down there during the summer, as well as an internship planned for next summer. I also really want to avoid roommates. I know. That's the only part of this I am not exactly willing to budge on, so I would appreciate advice that doesn't suggest that. But no judgement if you do, I appreciate any advice :) My other option is to stay on campus the full year and sublet something cheaper for the summer months only. + +Another important factor is that I am on a full-ride scholarship. So like I said before, paying for it during semesters will not be hard at all. It mainly from mid-December to mid-January, then May-August that I'd have to pay out of pocket. I also have a savings account with a little over $12,000 I could tap into (wouldn't take more than $1,000 per year) if I absolutely needed to. Again, my dad's not a fan of that because he says I need to save that for absolute dire situations, even though he fully pays for my car and incidents with it, phone, insurance, etc. and plans to do so while I am still in college. The only expenses I have would be my apartment and daily stuff, like food, toiletries, gas, stuff of that nature. I also factored that into my budget plan. + +So, be straight with me here. Do I seem a bit misguided? Or should I be okay? Thank you so much :) +As many of you know, Robinhood is launching [cryptocurrency wallets](https://news.bitcoin.com/trading-platform-robinhood-launch-cryptocurrency-wallets/) soon. + +You also may be familiar with the fact that on January 28, 2021, Robinhood infamously [restricted the trading of various stocks](https://www.cnet.com/personal-finance/investing/robinhood-backlash-what-you-should-know-about-the-gamestop-stock-controversy/), making positions close-only. + +Lastly, anyone who has used the platform for trading cryptocurrency is likely familiar with the "scheduled maintenance" that conveniently obstructs you from making trades at times when the market is making a significant movement. + +Still, I know that many people are too complacent for their own good; they will be fully aware of Robinhood's corruption, but they will use the platform anyways for the commission-free trading. This brings us to our next point... + +# Are there actually no fees on Robinhood trades? + +Short answer: no. + +When you buy cryptocurrency, Robinhood makes money on the artificially wide bid-ask spread. What this means for you is that Robinhood will try to make you pay more when you buy crypto, and try to offer you less when you go to sell your crypto. + +Just for demonstrative purposes: lets say you are trying to buy 1 BTC. Robinhood might tell you that the price is $50,000. Then, they will pair you up with someone who is selling 1 BTC for $49,990, and pocket the $10 difference. + +Still confused? This analogy may help: + +>Intentionally quoting a trader a higher price so you can make money on a greater bid-ask spread is akin to shopping mall outlets raising their prices before running a steep “discount” to lure customers.  + +[\[source\]](https://coincentral.com/zero-fee-crypto-trading/) + +So please, even if you aren't concerned about Robinhood's trading restrictions and shady management, you should be aware of the way that they profit off of your cryptocurrency trades. **They still charge you a fee, it is just hidden. Since you know that fees are inevitable, you should choose a more reputable and reliable cryptocurrency broker to do business with.** +DogeBonk is a completely unruggable, spontaneously formed community token with the most potential to go viral of any meme coin since Shiba. + +Since DogeCoin exploded earlier this year there have been thousands of dog coins most of them scams, false promises and poor ripoffs with devs sole purpose being to make as much money from their holders as possible. Every day another team launches their coin trying to piggyback off the success of others, offering false promises of NFT marketplaces, metaverse worlds and whatever else is the newest trending hashtag on Twitter. These coins have forgotten that what makes you a meme coin is how good your memes are. + +&#x200B; + +DogeBonk is different. The DogeBonk community spontaneously formed just two weeks ago on a dead dog token someone found with locked liquidity, renounced contract and SafeMoon tokenomics. We have grown from <300 holders two weeks ago to over 4000 today. We have no false road maps promising the world, we just spread our hilarious meme and convince others to join us as we bonk everything. + +The memes and energy coming from this community is crazy. Just search DogeBonk on the search bar on Twitter and you’ll see what I mean. Once you see the quality of these memes you will see how DogeBonk has huge potential to go viral. DogeBonk is the most memeable project in the crypto space since Doge. + +Despite our lack of false promises, the team and community is still delivering: + +bonkSWAP launched, making it super easy for even non-crypto natives to purchase $dobo from fiat - [www.bonkswap.com](https://www.bonkswap.com) + +&#x200B; + +# Is DogeBonk safe? + +* Liquidity was locked forever by burning all LP tokens 🔥 +* Ownership of the contract was renounced. +* See proof on our website. +* Contract is a 1:1 copy of SafeMoon which was audited by Certik. +* Top holder owns only 1.9% of the supply. +* As microcap gems go, it’s an unruggable beauty. + +# Tokenomics + +* 10% tax on all transactions: +* 5% are distributed to fellow DOBO holders, +* 5% are added to liquidity to create an ever rising price floor. +* \-> token with deflationary properties and automatic yield generation. (Burn wallet is receiving \~1% of all transactions FORTY% burned so far) +* There was no presale and to prevent bots from sniping the token, you can only buy/sell 0.5% of the total supply at the time 🎯 + +# Info + +Telegram: [https://t.me/dogebonk\_community](https://t.me/dogebonk_community) + +Website: [https://dogebonk.com](https://dogebonk.com) 🌐 + +Buy on bonkswap: [www.bonkswap.com](https://www.bonkswap.com) + +Contract: 0xae2df9f730c54400934c06a17462c41c08a06ed8 📝 + +Buy on PancakeSwap: [https://pancakeswap.finance/swap?outputCurrency=0xae2df9f730c54400934c06a17462c41c08a06ed8](https://pancakeswap.finance/swap?outputCurrency=0xae2df9f730c54400934c06a17462c41c08a06ed8) 🍰 + +How to buy: [https://dogebonk.com/#howtobuy](https://dogebonk.com/#howtobuy) 📖 +I sold this guy some gear in a video game for $86 dollars and he payed me through PayPal. The next day, I get an email from PayPal saying that he claimed it was an “unauthorized transaction” and PayPal just refunds him completely, no questions asked. + +I tried to talk to PayPal about it and told them I was scammed, and they said they’ll have to look into it. + +Now a week later I get an email from PayPal that they charged me $40 dollars for a “chargeback fee”. Whatever the hell that is!? + +Anyway now I’m -$126 and I can say I will never use PayPal ever again. Is there any way I can get this fixed? +&#x200B; + +Edit: added more links for reference and sources, also formatted headings. + +Added the application process and compliance/standards set forth by the Feds to become a PD. + +I also want to note that with the pending DOJ and/or SEC investigation, the possibility of the possibility of Citadel even being considered can become moot (outlined is the requirements section), although I do think paying attention to the proper channels in terms proceeding with any sort of complaints should be discussed should this even come into fruition. I am not sure if the American people get a say as to who the counterparties would be in the PD pool, as well as *how* to contest it. + +&#x200B; + +See the article below, link is also included: + +>\*\*\***Citadel Securities ‘expects’ to make US primary dealer bid**\*\*\* +> +>\*\**Firm has invested to meet Fed’s entry criteria, as it seeks bigger say in ongoing UST market reforms*\*\* +> +>Citadel Securities plans to continue expanding into roles traditionally held by banks, by applying to become a primary dealer in the US – one of the select group of firms that can act as a counterparty to the Federal Reserve, and bid in US Treasury auctions. Among the attractions for Citadel is the chance to have a bigger say in ongoing reforms of the US government bond market. “We do at this point expect this to be something we will do,” says Matt Culek, the firm’s Chicago-based chief.... + +&#x200B; + +[https://www.risk.net/derivatives/7934171/citadel-securities-expects-to-make-us-primary-dealer-bid](https://www.risk.net/derivatives/7934171/citadel-securities-expects-to-make-us-primary-dealer-bid) + +\-------------------------------------------------------- + +***\*\*\*\*TL;DR - basically, Primary Dealers are market makers but for treasuries\*\*\*\**** + +What is a primary dealer? + +* A primary dealer is a bank or other financial institution that has been approved to trade securities with a national government. +* Primary government securities dealers sell the Treasury securities that they buy from the central bank to their clients, creating the initial market. +* A firm must meet specific capital requirements before it can become a primary dealer. +* Some of the best-known primary dealers in the United States include large investment banks like J.P. Morgan, Barclays Capital, Wells Fargo, and Citigroup. + +&#x200B; + +## Examples of Primary Dealers + +Because of the strict requirements for primary dealers, many of them are famous financial firms. Some of the best-known primary dealers in the United States include J.P. Morgan Chase, Barclays Capital, Wells Fargo, and Citigroup. TD Securities, Morgan Stanley, Cantor Fitzgerald, and Goldman Sachs are also primary dealers in the U.S.4 + +## Understanding Primary Dealers in the U.S. + +Primary dealers in the U.S. are a system of banks and [broker-dealers](https://www.investopedia.com/terms/b/broker-dealer.asp) authorized by the Federal Reserve System to deal directly in government bonds. This system was established in 1960 by the [Federal Reserve Bank of New York](https://www.investopedia.com/terms/f/federal-reserve-bank-of-new-york.asp) (FRBNY) to implement monetary policy on behalf of the Fed.1 + +By purchasing securities in the secondary market through the FRBNY, the government increases cash reserves in the banking system. The increase in reserves raises the [money supply](https://www.investopedia.com/terms/m/moneysupply.asp) in the economy. Conversely, selling securities results in a decrease in cash reserves. Lower reserves mean that less funds are available for lending, so the money supply falls. In effect, primary dealers are the Fed’s counterparties in [open market operations](https://www.investopedia.com/terms/o/openmarketoperations.asp) (OMO). + +Requirements for U.S. Primary Dealers + +A firm must meet specific capital requirements before it can become a primary dealer. The capital requirements for broker-dealers that are not affiliated with a bank is $50 million. Banks acting as primary dealers must have at least $1 billion of [Tier 1 capital](https://www.investopedia.com/terms/t/tier1capital.asp) (i.e., equity capital and disclosed reserves).3 Prospective primary dealers need to show they made markets consistently in Treasuries for at least a year before their application. + +Primary government securities dealers must also maintain at least a 0.25% market share.4 Broker-dealers applying for a spot in the primary dealer system must register with the [Securities and Exchange Commission](https://www.investopedia.com/terms/s/sec.asp) (SEC) or the [Financial Industry Regulatory Authority](https://www.investopedia.com/terms/f/finra.asp) (FINRA). + +Once established, a primary dealer must submit accurate reports of their Treasury dealings to the New York Fed on a weekly basis. In addition, primary dealers are asked to respond to regular Fed surveys measuring market sentiment, economic expectations, and opinions about monetary policy measures. The Fed subsequently releases these statistics and data for use by the financial community and the general public. + +## PRIMARY DEALERS DURING THE 2008 FINANCIAL CRISIS + +In response to the [subprime mortgage crisis](https://www.investopedia.com/terms/s/subprime-meltdown.asp) and the collapse of Bear Stearns, the Federal Reserve set up the Primary Dealer Credit Facility ([PDCF](https://www.investopedia.com/terms/p/primary-dealer-credit-facility-pdcf.asp)) in 2008. The PDCF allowed primary dealers to borrow overnight at the Fed's [discount window](https://www.investopedia.com/terms/d/discountwindow.asp) using several forms of collateral, including mortgage-backed securities. Federal Reserve Banks are authorized to accept loans and other bank obligations as collateral for advances at the discount window. The PDCF closed on February 1, 2010.5 + +Sources: [https://www.newyorkfed.org/markets/primarydealers](https://www.newyorkfed.org/markets/primarydealers) + +[https://www.investopedia.com/terms/p/primarydealer.asp](https://www.investopedia.com/terms/p/primarydealer.asp) + +&#x200B; + +## HOW TO BE A PRIMARY DEALER AS OUTLINED BY THE NY FED + +Under their operating policy, the Federal Reserve lists a number of items that outlines the requirements that need to be met in order to qualify as a primary dealer. Outside of meeting capital requirements, suffice to say based on the knowledge we have on Citadel, one caveat that they may have problems with is the term stating the Fed "Seeks to transact with counterparties that do not pose an undue level of credit risk exposure to the New York Fed or to the parties on whose behalf the New York Fed executes market operations". But take what you will from that statement as scrutiny only comes after the fall. + +https://preview.redd.it/meq05mjupok81.png?width=1555&format=png&auto=webp&s=70b52c00b54622f3b8f4b72eaeb42a9b83ae1533 + +&#x200B; + +https://preview.redd.it/60ybs8tzpok81.png?width=1074&format=png&auto=webp&s=6a6fdafe574225fbaf5930b41d6ccc5b2995e7b8 + +And as always, data submitted to the Fed is self-reported and not actually audited. + +&#x200B; + +https://preview.redd.it/vppuiku2qok81.png?width=1026&format=png&auto=webp&s=404ce52adc0faedd2eec56969148a236e7cf7dc4 + +[https://www.newyorkfed.org/markets/counterparties/policy-on-counterparties-for-market-operations](https://www.newyorkfed.org/markets/counterparties/policy-on-counterparties-for-market-operations) + + +**Compliance Risk Management Programs and Oversight at Large Banking Organizations with Complex Compliance Profiles** [https://www.federalreserve.gov/boarddocs/srletters/2008/sr0808.htm](https://www.federalreserve.gov/boarddocs/srletters/2008/sr0808.htm) +For instance, where they talk about different industries and their relevant competitive structure, maybe a Porter analysis and relevant metrics and formulas for analysis. For example Same store sales (SSS) in Retail. Basically a book that is a good starting point to learn about a particular industry/ sector? +I was thinking about this the other day. + +Among big names, WB is the only one who is ready for a potential American lost decade (mimicking Japan's lost decade) + +At the same time he keeps saying that you should never bet against America. + +Besides how would a capital allocation by WB even look like under an American lost decade? Buy the absolute dip of the decade or moving to foreign equity markets? Ironically could be Japan? +Another surprising big move by BRK lately. Makes me wonder how much is coming from Buffett vs. the guys under him. + +They had a huge jump in earnings lately, is that sustainable? +A quick skim through of their numbers showed me that gross and operating margins for the past decade have been more or less flat but somehow ROIC has been increasing the entire time. As an example their 2012 EBIT margin was 7.6% and ROIC was 9.2%, their EBIT margins for the most recent fiscal year were 7.0% and ROIC was 15.9%. It's trading around 16x earnings and at 13x EV/EBIT. That would warrant a premium for sure but why is it close to "fair" value at all? Anybody have any ideas? +Around a year ago, I started using Brave as my primary browser. And today I noticed on the homepage that I reached 1 million trackers and ads blocked, which is pretty shocking. Additionally, I was essentially PAID to browse as I normally would -- with the recent run up in the price of BAT this amounts to \~$165. Obviously not a significant amount of money, but I think the concept is awesome regardless. + +The browser itself works well, and the only issues I have with it are: + +* You can only "cash out" via an Uphold wallet, which is KYC and has high fees. +* Some issues with receiving BAT payments on time. +* Can't enable BAT rewards on my iPhone, due to Apple's policy. + +To those of you on the fence, I would suggest at least trying Brave. You can enable / disable BAT rewards (to earn BAT there are some pop-up ads that appear) as you please, so there's really no downside to giving it a shot. I think there are decent arguments on both sides about the value of the BAT token, so you can determine for yourself if enabling BAT ads are "worth it" for you. + +[Brave\/BAT Summary](https://preview.redd.it/p9owsa5d9no61.png?width=2082&format=png&auto=webp&s=b6164b213a07c39ccd5915c247cd2972a26ea4e2) +Hi all, + +Trying to make an offer on a house and the REA told us that the other offer is higher but won’t disclose how much the offer is. Is this normal? + +Another friend of ours who is a REA said to ask how much more the other offer is (which I did) so I’m not sure if this is routine or just one REA trying to get a higher price. + +Edit: Thanks for all the advice. It’s good/disappointing to know that this is normal and we’re not just being manipulated because we don’t know better. We may end up making a higher offer but it’s just a house at the end of the day. Cheers +I'm in my late 20s, just starting with my career, and expect to keep working for at least 20 years so cashflow is not my major goal right now. I'm looking to get into student rentals just because I've spent so much of my life in higher education and so I actually really get this niche. + +Basically, the "A" property class would be one or two bedroom condos close to campus in a major city. I would be losing maybe $200-$500 a month depending on what happens with interest rates and other factors as well. I wouldn't mind subsidizing such a property because I can afford to take the haircut right now and eventually the mortgage would be paid off. I'm confident I would be able to rent these condos to professional students such as med students, law students etc. + +The "B" property class that would cashflow would be a single family homes with 3-5 bedrooms in a college town of a 100K people. The homes themselves are nice enough in good neighborhood as they're close the campus but just dated. The tenant profile for this type of property would most likely be undergrads. + +If my goal is long term wealth creation through appreciation rather than cashflow right now, does it make sense to buy temporarily loss-making "A" properties over "B" properties that cashflow now? +As the title says , I bought some Tesla Calls in early summer and made a hefty amount. + +Thinking of buying + +STOR +O +AT&T +AGNC +MSFT +Some healthcare holdings +And a small amount of manufacturing + +Had CEQP in the energy sector but sold for profit +And looking for a replacement. + +I do covered calls and credit swaps for passive income as well on my other portfolio that’s growth instead of dividends and would like to do it here as too especially with expiry before the dividend capture date. + +You guys have some good energy and healthcare pickings? +SCHD is brushing against the 52 week low. As a newbie to dividend investing is this a good entry point? This fund seems stable vs individual stocks. What's the potential downside I don't know about? +This sub gets lots of posts that are not directly related to FIRE and more just about being rich. Technically those posts aren’t what this sub is all about. But those posts are popular, helpful and interesting do this demographic. + +So why not make it official that this sub is about being rich with an emphasis on FIRE, not exclusively FIRE? + +I’m seeing too many people getting their panties in a bunch because someone asked about the best widget money can buy. This is a great place for those types of conversations. + +Edit: to clarify, I like the lifestyle posts. I made this post to suggest we change the description of the sub so people stop complaining that a lifestyle post isn’t about FIRE. +Now we know the DTCC told Brokers to split their Customers shares, instead of handing the Brokers the 200 MILLION shares gave to them by Computershare to issue to Brokers in the form of a share dividend and not a split. + +**SO DTCC WHERE IS THE 200 MILLION SHARES?** + +**THIS IS FRAUD!!!** + +**HELLO FBI** + +**HELLO DOJ** +What system do you use to track your finances and have a better overiew of your whole financial life? Excel? YNAB? Mint? (not working in EU). I'm a freelancer based in Germany. Cheers +I did a poll the other day and noticed many people don't track their expenses, use excel raw data or pay for it using the software. Here's a free dashboard that is easy to use and install and allows you to track your finances without having to manually sit down at a table and pretend you're an accountant. The dashboard does it all for you. You can download prior two years of data from your bank, and you might as well have a look and see if you are correct with your finances. + +&#x200B; + +Features include + +* Analytics +* After installation, it takes 2 minutes total to update for the latest date +* filter by the person (if you have a shared account) +* Budget vs actuals +* Scalable + +&#x200B; + +The installation is easy, and the total time for installation is approximately 6-12 minutes. + +Installation activities, broken down + +* Download Power Bi and folders (2 minutes) +* Download Transaction history from the bank (2 minutes) +* File management and changing data source (2 minutes) +* Update categories (0-5 minutes) +* update person (0-1 minutes) + +&#x200B; + +Message or comment below, and I will dm you, and I will give it. Exact instructions, step by step, picture by picture, will also be sent so you can't do anything wrong. I don't think I am allowed to post external links, so this is the best way. + +It is also on the discord in personal finance (cookie) + +Currently, it is working with CommBank and NAB. If you are not with this bank, don't worry. I will add them for you, but you have to give me the format of the CSV. I can't predict what it looks like. Please message me for more details. It's fairly straightforward. + +EDIT: Now with Bank West, West Pac, ING, (NAB, Commbank) + +Thanks to these Contributors for the CSV files + +ING- u/ [efcso1](https://www.reddit.com/user/efcso1) + +WestPac - Nadefeeko + +Bank West - double\_d + +NAB - u/totoro00 + +Edit 2: FOR SUPPORT/QUESTION OR LINK ask on discord, my reddit is literally offline in my area +cookie#3806 + +&#x200B; + +&#x200B; + +https://preview.redd.it/egx8vi26ga891.png?width=2560&format=png&auto=webp&s=32dac8d6d3b30d118b75b8c0e675a64e48231307 + +https://preview.redd.it/nc8n40m8ga891.png?width=2560&format=png&auto=webp&s=1345b266488f566506da56c7c93fb84afd68e987 + +https://preview.redd.it/ag6y2u49ga891.png?width=2553&format=png&auto=webp&s=1365a4ae58407df8c58fa1f3bbf244a6815d78e7 + +&#x200B; + +https://preview.redd.it/gqe01qkega891.png?width=2560&format=png&auto=webp&s=6086df845900c72d124115a8194bb84371145430 + +&#x200B; + +https://preview.redd.it/7rx9lt5fga891.png?width=2556&format=png&auto=webp&s=175604169658e6aeb570835cffede1d06fe91dae +200k in savings (all in my bank account), no rent, no student loan, rent and food paid by the company and income around 100k/year (net). what should I do? 34 yrs old living in Canada. + +people say i am stupid keeping that money in my bank account but I honestly know nothing about finance +My wife and I need Reddit's sage advice on how best to maximize funds and make them work for us. + +**We are:** mid-30s, no debt, no kids (and not planning on having them), gross 200K/year, and live in a HCOL area. + +**We have:** 100K in a home savings account yielding 1.25%, 36K in an emergency fund account yielding .5%, 11K in a TDAmeritrade account split between various stocks, about 3-4K/month in cash after bills to utilize. + +**We are already**: Maximizing our retirements through employer-matched fund and traditional IRA. + +**We need:** Help. We're not buying a house. It's just not happening considering the area we live in. So we want to start allocating the above funds into whatever accounts, growth stocks, secure stocks, dividend stocks, bonds, etc. that will yield us the maximum potential for increasing our funds and making our money work for us. We're open to doing it slowly over time or dumping large chunks/all of it. + +Should we insert a bunch of it into a Vanguard? Dump it into VTI on TDAmeritrade? Buy 900 Disney shares and hope the Mouse takes over the world? Buy a plot of land and a van and live out our days hunting our dinner? Again, any and all advice or direction would be very helpful and appreciated. We're going to talk to a financial advisor but Reddit has a certain perspective that we also want to take into account. Thank you so much! +I've heard people say that this is an excellent time to buy stocks or refinance your home. Is this true? If my current funds are pretty tight (though I am a homeowner), is there still a way to capitalize on the low markets? +Do you think you would have reached fat without your SO? Is your SO directly contributing to your NW and income or do they play more of a behind the scenes role? +Seriously, calm down. Have some respect for yourself and the choices you make. As of today I have 770BTC and while I don't like the price going down just like you, I just continue to accumulate and look to the future. + +I also don't intend to sell any BTC for fiat (that could change if there's something I really want, and I can't find it for BTC) + +You just have to look at the big picture. BTC changes EVERYTHING in regards to transferring value over the internet. + +For example tomorrow I believe there is going to be a service launched that allows you to "rent" your Hard Drive space to others over the internet, and it's all validated and compensated with BTC. +There are so many different applications that are going to be built on top of Bitcoin. + +You also have to look at the hash power of the Bitcoin network, it's HUGE and adds much more security compared to the alts. + +Then you have remittance services that are being built on top, charging 3% to consumers instead of the dreaded 10% scenario., + +Bitcoin has everything going for it: high hash power, crappy world economy, old systems taking huge fees...it goes on and on. + +Plus (I could be mistaken) it costs each miner about $108 to line each Bitcoin. The network is fine. + +Just ask yourself why you're in this. If you're in this to feel happy go lucky every single day then you should reevaluate your thinking. + + + +I️ work in sales for a large technology company and I️ had the best year of my life last year, specifically the month of November I️ sold just over my goal for the year from a large account I️ have been working with for 5 years that I️ finally got to go. I️ was due for the largest paycheck of my life in January, than they pushed it back to February, than March, than April, and finally this month they decided I️ exceeded my goal by to much and cut my commission in half. I️ can’t find anywhere in my hire paperwork that this is allowed, anyone have any insight into how I️ can fight this? I️ spoke with my boss and my old boss who is my bosses boss now both of which I️ have a good relationship with. They both said that this shouldn’t happen and are speaking with accounting. Other than talking to my boss is there anything I️ can do? + +EDIT: first off thank you all for your time and advice. It has been extremely helpful in formulating a plan to move forward. I have been saving all communication with my boss as well as reaching out to coworkers that also had big years to see what happened to them. In addition to this, I️ have been going back and forth with my bosses all morning and they seem confident that I️ will get paid. I️ asked for a time frame and they are saying this month. + +EDIT 2: Just got off a call with my boss, his boss, and the head of accounting. The head of accounting claims it was a mistake that they now have safe guards in place to ensure that it will not happen again and that I will be issued the rest of my paycheck today. As an apology my boss decided to half my goal for the year. I️ really couldn’t be happier with the outcome given the circumstances. Thank you all for the advice, despite my story ending well I️ would HIGLY encourage anyone in a similar circumstance to document every interaction and go over your comp plan with a fine tooth comb. +A few details. + +I'm 18, working full-time making 45k. + +No debt, living with my parents for the foreseeable future. + +Spending under 5k/yr (gas, online college) + +I was doing research on retirement and I ran the numbers. If I want to be able to pull 2x my income at retirement (70k), which is probably more than I would need if I have a house paid off and no more kids by then anyways. If I retire at the standard 67 for max social security, I should be able to put 25k into an SnP 500 index (10% avg return - 2.1% inflation) when I'm 20 and be able to do that. I've been seeing on here that most people put 10-15% of their income every year into retirement for the rest of their lives. I can easily save that by the time I'm 20 and even start putting in this year. Is there something I'm missing? Do people really want to retire early or with more? What am I missing? + +Check my numbers: + +25k into S and P 500 at 20 + +7.9% return till 67 + +TOTAL at 67: **891,144.04** + +70k out every year + +Die at 95. Money left: $520,608 +You know that classic attempt from a scammer to grab more money by asking their victims to send him more money, so he can send them their previously stolen money back? + +This is exactly what the whole Luna 2.0 situation feels like. People lost millions and now they are investing in a shitcoin in the hope to get that millions back. + +*But there was an airdrop!? So they don't invest?!* + +Yea, but in order for the coin to be worth something, other people will have to invest and put money into it, and there are people that are actively doing so. These are most likely the same people that already were invested in Luna before and want to make more gains to cover their losses. + +But they are gonna lose all of it. And there are already people celebrating the new blockchain by making claims like *biggest airdrop ever* or *most decentralized blockchain* etc. People will never learn... +You know that classic attempt from a scammer to grab more money by asking their victims to send him more money, so he can send them their previously stolen money back? + +This is exactly what the whole Luna 2.0 situation feels like. People lost millions and now they are investing in a shitcoin in the hope to get that millions back. + +*But there was an airdrop!? So they don't invest?!* + +Yea, but in order for the coin to be worth something, other people will have to invest and put money into it, and there are people that are actively doing so. These are most likely the same people that already were invested in Luna before and want to make more gains to cover their losses. + +But they are gonna lose all of it. And there are already people celebrating the new blockchain by making claims like *biggest airdrop ever* or *most decentralized blockchain* etc. People will never learn... +I've been working odd jobs for about a few weeks now trying to save up in order to move out from my abusive family, yesterday I found a good deal on a bunch of textbooks and immediately contacted the seller to try and buy it. Me being naive and stupid didn't think twice about sending the payment because according to the guy's Facebook he lives near my area and we have a few mutual friends. After that, the guy didn't respond to my messages and I knew immediately that I just fucked up. I started hyperventilating and crying and I couldn't even eat. I just tried to sleep the rest of the day away. + +I was scammed for exactly 41.89 USD, I know that may not seem like much to some but I'm a high school student living in a third world country trying to survive on his own. That 41.89 USD is a semester's worth of tuition and 2 months' worth of food and water. I don't know how I can earn that kind of money back. I just feel so stupid and worthless, and just wanted to vent out. I should've known better, I should've known it was too good to be true but I was blinded by the price. I am so fucking stupid. +I have been reading that it is not possible for us to buy US domiciled ETF's because of the PRIIP regulation. On the other hand, I have seen people in this group buying them through US brokers, tastyworks in particular. + +So, does this regulation affect only EU brokers? Can EU investors buy US domiciled ETF's legally? + +Thanks for your attention. +Hi, folks. I serve on a board for an organization that finds housing and employment for people with intellectual and developmental disabilities. We wish to establish a "subdivision" of affordable housing for them. We have a grant to purchase land but not the housing just yet. Are shipping container homes less expensive to build than tiny houses? Does anyone here work with shipping container homes? + +The people we serve just want reliable, safe homes and don't need frills like 2nd floors, decks, etc. Would anyone here know even just ballpark costs to ship and install a livable, no-frills shipping container home for these folks? Thanks in advance. + +Edit: Thank you to all. The replies here have been extremely helpful. You've really opened my eyes on these shipping container homes. They look a bit overhyped. +https://www.cnbc.com/2019/08/21/target-reports-fiscal-2019-q2-earnings.html + +Target’s second-quarter earnings and revenue beat Wall Street expectations. + +The strong momentum in the first half of the fiscal year prompted Target to raise its full-year estimates. + +Walmart similarly topped Wall Street’s expectations and raised its full-year outlook last week. +Edit: Thank you everyone for the replies, this has been helpful! Solved +Hi everyone, + +Currently I contribute 6% of my salary to my job, which is about give or take 160 pounds gross salary. My employer matches this 6% so in total monthly a deposit of 320 pounds happens in this pension fund which will only be accessible once I reach 60 or something... + +I've been doing that for a year now since I've arrived here in the UK, but I'm having second thoughts if this is the best thing to do because I have no long-term plans anymore in the UK. Would it be smarter to just take the 100 net salary increase per month and spend no money on this fund? + +As far as I'm aware, it's maybe possible to transfer the pension fund to another pension fund cross country, but it won't be without (big) cost. + + + +Edit: Thank you everyone for the replies, this has been helpful! Solved + My MetaMask wallet was hacked and a few thousands worth of ETH vanished. + +So long story short I got a notification that some ETH was sent from my wallet to another wallet, a transaction which was NOT initiated by me. + +Curiously, the transaction itself isn’t visible in my MetaMask history, so clearly this wasn’t a transaction I had made. + +You’d think this would be enough to resolve things, right? + +WRONG. + +After I contacted their support, MetaMask basically said they’d get back to me in a few days (still waiting for them to get back to me). + +I know there are lots of stories about hot wallets being hacked or people getting scammed, but this level of security t is frankly trash. + +Mind you, it’s not just about the ETH since I only keep a small amount for trading anyways. But I just feel robbed blind, and don’t get what I did wrong. + + +GameStop decided to deliver shares dividend also to fractional shares… which is not common and is expensive for the company…. My theory in that is simple…. +There is 2 Finra rules regarding fractional shares that is interesting for us +1: they have to be reported on the ADF/OTC trades rolled at the unit: example: 0.6 share will be reported as one share + +2: a fractional share sold short , should not be reported in the short reporting to Finra so exempt of rule reg SHO + +Ok now you start to see the picture…. So if you sold a fractional share you can decide to add it on a voluntary basis on an exchange (as it is still Odd lot so not obligation) as 1 share and create a sell pressure but not on the short position reporting as it is a fractional share. … + +Many people shared the monthly database of OTC trade but without highlighting one important point. If you check for GME monthly you will see that RObinddds and Weboullll have both in their volume almost 99.99% of every trade being 1 share. Which is almost impossible … some days it is 100% Basically for example you will see 75442 trades for 75441 shares sold (volume) + +Probably what they are currently being investigated about right now…. + +My guess those two brokers were converting their orders in fractions to be used by HF/MM to short. If you look at the daily orders of London exchange you can clearly see that all US orders are fractional…. + +RC wanted to expose those hidden shorts by requesting to deliver dividend to them…. You add also the fact that odd Lot ( order less then 100 shares) should not be reported in the SIP = tape by rule NMS , (the CATS system was supposed to avoid that but reported to 2023 ) they are no way to find out what transactions have been made and at what price for those unique shares…. + +Here’s the rule: + +Q7. How should a firm reflect fractional shares in its short-interest reports? + +A7. If a firm has a fractional short-interest position (e.g., 125.6 shares), it should truncate the position to reflect a whole number when reporting such positions to FINRA pursuant to FINRA Rule 4560, instead of rounding the position up or down. For example, firms should report short-interest of 125.6 shares in XYZ as 125 shares. + +https://www.finra.org/rules-guidance/notices/12-38 + +Last but not least…. Dear Apes, the odd lots ( order inferior of 100 shares) which are the majority of retail orders…. Doesn’t count for the NBBO calcul…..! (= on the price discovery) that’s explain the ratio of Fidelity sometimes of 90% buy and a red day. Only the round lots (=100 shares and more orders) are accounted to calcul the price of a stock + +Read this article very useful and the quote: + +It’s mostly the Securities Information Processors (SIPs) that discern between round and odd lots, only including round lot quotes into the public NBBO + +https://www.nasdaq.com/articles/odd-facts-about-odd-lots-2021-04-22 + +https://www.globenewswire.com/en/news-release/2022/03/28/2411062/0/en/SIP-Operating-Committees-Seek-Comment-on-Proposal-to-Add-Odd-Lot-Quotes-to-Current-SIP-Data-Feeds.html + +Those odd lots are in white for those using Webull … so they are written for one day but then disappear as no record on the tape … for LIT or OTC market !! + +Many DD were written about the Odd Lots but all downvoted to hell….. + +Odd lots currently represent 54.8% of all trades in the U.S. financial markets, up from 43% at the beginning of 2020. During the initial pandemic-related volatility in March 2020, odd lot executed share volume spiked to almost one billion shares per day, as illustrated in the chart below. Odd lot executed share volume reached its peak during the ‘meme’ stock phenomenon observed in early 2021. While odd lot average daily executed share volume has decreased about 22% from the highs reached in February and March, their percentage of trades continues to increase, and overall share volume remains higher than the prior year. + + + +https://www.cboe.com/insights/posts/an-in-depth-view-into-odd-lots/ + +I suggest you to read this analyse for Odd lot from a university they used GameStop as example. + +A part of the doc: + +GameStop, on January 27, 2021 there were 232,967 odd lot trades that met the foregoing definition of a non-exchange retail trade. Of these, 107,940 (46%) would have received better pricing had the trade been filled at the Nasdaq OL NBBO. These 107,940 trades consisted of 29,222 marketable sell orders that would have received approximately $84,039 more in proceeds had the trade been filled at the OL best bid, and 78,718 marketable buy orders that would have saved approximately $122,237 had the trade been filled at the OL best offer. The aggregate price improvement for all 232,967 trades was $238 based on the Reg NMS NBBO; however, using the OL NBBO as the relevant benchmark, these trades collectively received price dis- improvement of approximately -$206,0000. + +https://journals.library.columbia.edu/index.php/CBLR/article/download/8632/4406 + +Now I am out! + + +Edit: good catch in this comment + +https://www.reddit.com/r/Superstonk/comments/wggwnj/why_gme_offered_dividend_to_fractional_shares/ij2l99f/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3 +[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. +My grandfather is kind of a hoarder but had a stroke recently. He lost the use of his right side of his body and we had to remodel parts of the home for accessibility. + +We were going going through his things to organize and I came across dozens (maybe hundred or more) stock certificates. I looked up the company and they didn't exist anymore and I found that it was bought by another company (also in the stock market). + +I dont know anything about stocks so what should I do to find find out if these are still worth anything??? +I have the persons account number which the third party accidentally deposited my tax refund into. Bank of America has been woefully unhelpful. I had the third party tax service send Bank of America an indemnity letter but no one at BoA customer service seems to be able to help me expedite that process or even knows what I’m talking about. +What can I do? My tax refund was sent to this random persons account in April and obviously they kept it. I need this money and both institutions are unhelpful. IRS can’t do anything. BoA says they can’t do anything even though they’re the ones that deposited the money into the wrong account without checking the names matched which seems unreal to me. + +How do I get my money back and can I do anything with this persons account number to get it back sooner? + +Updates: My tax return has the correct bank account number on it. The efile service switched the last four digits of my social and bank when they re-input my direct deposit info. +The error was on them. But Bank of America doesn’t care and says they can’t do anything. And efile has no phone number to call only a “chat” option. + +UPDATE: a very kind Redditor got me contact info somehow for the company and I now have an email instead of a “live chat” so I will reach out to them! Thanks for all the help. The reason I wasn’t reaching out to the efile is because literally all my interactions with them have been unhelpful and taken forever and no one would give me any real human to contact. Hopefully I will hear back turning off notifications now because the same advice is being repeated. Thanks ! + +******Service was eFile.com***** +Elon has famously said he wants to break up the monopoly hold that Bell, Rogers, and Telus have in Canada with his Starlink satellites, will this disrupt the telecommunications giants in Canada? + +In the same way Netflix broke Blockbuster and how streaming service competitors like Disney plus and HBO max are now breaking down Netflix, does Starlink have the potential to do the same? + +Was wondering what peoples thoughts are who know a little more about Starlink and what it has the potential to do. +Hi fellow dividend investors, I am happy to share that February 21 was my best dividend month so far since I received $405.52 this is a huge increase compared with February last year where I received $42.54. I know the huge increase is do to the fact that I started the portfolio January last year, and that I have added a lot of money into the portfolio. + +The distribution of the dividend look like this + + +11.13 LTC + +25.29 VZ + +19.83 JPM + +38.2 T + +29.83 CVS + +13.15 GD + +9.82 SKT + +3.87 O + +120.67 ABBV + +22.91 SYF + +32.36 UNM + +Unfortunately the broker (Revolut) which I am using have decided to increase their annual custody fees from 0.01% to 0.12% on the invested capital, so I have decided to make a gradual switch to another broker (Nordnet), which is popular in Sweden and Denmark, since we unfortunately don´t have access to M1 here. So I have sold most of these stocks. I will probably reinvest in some of them. + +The purchases I have done In February is + +28 Shares of LMT (LOCKHEED MARTIN CORP) I paid $9602 + +Is it possible to make a standard monthly post where we can all share the latest dividends we have received it feels motivating to me at least to se people how are further down the road, and it feels great if I can inspire others with what I have achieved so far. + +I forgot to share my results from January, where I got $139. +I actually made a post earlier today talking about how close I was to being a whole coiner. I was using leverage to try increase my position and was very dedicated to making it. Instead of people wishing me luck and supporting me taking the risks I essentially got shot down and mocked so I just decided to delete the post but I have 1btc now anyway so yay :) +Obviously, the point of philanthropy is to help other people and improve the world, but a lot of times when you donate to an organization they'll give you a token of appreciation in return. I'm not talking about, like, charity auctions, or situations where you're really buying, like, premium seats at your favorite school's sporting events or something valuable like that with your "donation," but real, substantive donations where the point is the donation, and you just happen to get something nice in return. + +What comes to mind personally is that if you give $1000 to our local zoo, you get to ride the zoo train for free. My kids love that train, but no matter how many times we go to the zoo, the $3 tickets aren't going to add up to much. Still, it's a nice little way for them to show their appreciation. +"Masayoshi Son's Softbank Group reported Sept. end total portfolio value of $12.92B sharply down from $17.52B at the end of the June quarter. + +Softbank has reduced its holding to just 4 companies from 26 companies at the end of Q2. + +Notable exits include Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOG), Adobe (NASDAQ:ADBE), Netflix (NASDAQ:NFLX), Microsoft (NASDAQ:MSFT) and Tesla (NASDAQ:TSLA). + +Reduced stakes in NVIDIA (NASDAQ:NVDA) and T-Mobile US (NASDAQ:TMUS). + +Takes new position in Line (NYSE:LN) and Lemonade (NYSE:LMND)." + + +They know something that the average reddit investor doesn't? I would say always follow the money... +He suggested using Parametric Customer Core. + +I would probably owe around $60-$80k+ in capital gains tax if I were to sell these RSU's outright. Curious if anyone has used Parametric to sell highly appreciated RSU's. Tax loss harvesting is not something I feel comfortable doing myself +Just Dial have just filed Draft offer document with SEBI to Buyback its shares through tender offer at 700. Which is nearly double of its current market price. They are going to use ₹220 crore to effect this buyback. That is to buy 4.84% of total equity shares. +Other than the exorbitant premium, what suprise me are the following: +1. Company has a cash equivalent of around ₹40 crore only. (They cannot borrow for buyback) +2. Last year company had a book profit just above ₹200 crore. (They are going to utilise all the money just for buyback!) +3. Promoters have stated that they may tender all their shares in the buyback. (Promoter bailout) + +Although the document states standard pretty words of shareholders benefit for the purpose of buyback, I find no solace in it. Even if the promoters do not bailout, company clearly does not see any growth for themself. + +Prima facie view of the balance sheet shows that the company is now an investement company, as long term investment is the biggest item in asset side. Did not go into the investements, but if it is to group companies or related party, then it is the biggest red flag. + +So these are my observations. Am I missing something or am I viewing it in a wrong way? Do share your views. + +[Just Dial filing with SEBI](https://www.sebi.gov.in/filings/buybacks/jul-2020/just-dial-limited-draft-letter-of-offer_47002.html) +I thought it would be great if we could all share ideas about things we can do (with limited resources) to give our kids a fighting chance. + +I grew up in a small town of Mexico in lower middle class (income wise would be way below poverty line in US but the lower cost made it a decent living). I’ve somehow, with lots of help from family, lots of luck and also lots of studying and hard work made it. I immigrated to the US with an excellent job that makes me solid middle class (or maybe upper middle class) if I continue to live within my means and save. + +But I’m really worried about my kids. I don’t earn enough that they have a secure future. I enlist to several Reddit subs so that I can understand what the situation in the US really is. Because everyone in Mexico thinks life in the US is easy and financially great for all. And I had luck and turned out true for me. But from reading I have learned that is not the case for the most part. If my children decided not to go into computer science (like me) or similar well paid profession, or if those professions became obsolete or lower pay… we are in big trouble. Healthcare is not a guarantee. Housing renting is not stable and ownership would be impossible at most professions salaries. + +My daughter has no interest in tech. I worry the most about her. + +So, I see and appreciate that a lot of people are doing activism and awareness for these problems. I want to participate in that too. But I don’t think there will be a systemic solution by the time my children are adults (about 10 years from now). + +So, let’s brainstorm what things we can do to give our kids a fighting chance. Here are the things I think of: + +- Try to give them an emotionally stable life. Growing up I know my parents had many problems but they shielded me as best they could emotionally. I didn’t experience or witness abuse. There was no screaming in my home. This alone put me ahead of friends I had with same economic situation. They could not concentrate in school or make good decisions because of inner turmoil. Some escaped to alcohol (I do not blame them). I understand it is a privilege, how do you shield a child if you live in the street? +- Model good spending choices when choices are available. Model and explain to them that we are not purchasing a certain want because we are saving for a possible future need. Or we are choosing food that we can buy dry in bulk over cans/packaged food. Also hard to do if there are no good choices left, but whenever there is a choice, model that. +- Expose them to people making a good living. In front of kids, ask about what careers they have and how they got there. Then in private tell them what the salaries are like for those professions (my humble opinion is that kids should be aware when they choose). My daughter who likes arts recently talked to an architect we saw working at a cafe and she seemed interested, I’m grateful to the lady that shared her time talking to her. +- Give them as many tools as possible. Personally, I have signed all my kids up to coding lessons that are offered at the library at low cost (they also had scholarships available). I told them what my mother told me when she forced me to go to English lessons: You may not need or use it in the future but I want to give you that tool for your tool belt, it will be there for you if you ever need it. Neither of us knew then how much it would change my life… My oldest son is very interested in airplanes, whenever I see a book at the library about airplane design I bring it to him. +- Let them stay at home for free. Personally, my plan is to let them stay home for as long as they need with the condition that they either study or work. If they work, I hope by then I would have taught them well enough that they will be choosing to save monthly for a future house. +- Teach them about the financial system. This I haven’t been able to do yet because I haven’t learned myself how the US system works. But I’m planning to learn and tell them all about credit cards, loans, mortgages, investing, rates and credit scores. + +What else can we think of? + +ONGOING EDIT to add some of the most helpful suggestions from everyone (thanks a lot!!): + +- Teach them self sufficiency. Gardening, car repair, plumbing, carpentry, etc. I need to learn these things myself. +- Teach them cooking from scratch using healthy and low cost ingredients. +- Make them aware of the trades. In the US trades in construction and mechanics are well payed. +- Show interest in their schoolwork and help them create good study habits. +- Teach them healthy habits like exercise and good diet. Make sure they know and practice good dental hygiene. This is worth thousands like commented! +- Teach them budgeting. Start them on saving and investing. Tell them about financial mistakes so they can learn from them. +- Help them learn how to network and socialize. Maybe encourage them to join extracurricular clubs? +- Making them aware that the person they marry will have a huge influence in their lives, so choose someone emotionally stable that makes them feel good about themselves and has similar values and habits. +- Make sure they have access to birth control and all the pertinent sexual information. Be available to talk about these topics without shaming or judging them. +- Save aggressively for your retirement planning/end of life care needs. If you have the right level of insurance, you don’t have to put your child in a position where they have to cut their hours at work to provide a high level of care for you. +- Invest small but regular amounts on their behalf. Even $25 in an index fund each month from their birth will have the benefit of compounding interest. +- Let them piggyback on your good credit once they are 13. You can add them to your credit card as an authorized user and even without using it, they will create credit history. I would personally add that although in Mexico the credit score didn’t work like that, my parents always gave me a credit card on their account as a teen, it was meant to be used only in an emergency. It saved me twice in college, one time I had to go to a hospital for stitches and I didn’t have the $60USD to pay in cash. (Which sadly in the US would be a lot more). +- Talk to them openly about what sexual abuse is. Make sure they know the names of all their private parts and teach them that is their body and their choice when they grow up who gets to touch them and who they want to touch. Even family friends are not allowed to touch them. Scream and run if somebody tries to. Come tell me immediately. You will not get in trouble ever, don’t believe anyone’s threats to you or your family. + +Note: for completeness, I will add that there are many suggestions on not having any children or having just one. I don’t feel quite right backing that, but I will add it to include all perspectives. + +PS. This thread made me realize how much the skills we have or lack affect what we are able to teach our children. Several people are mentioning teaching them car repair. Growing up as a girl in Mexico (lots of you called me a good Dad, but software engineering is predominantly male so I guess that’s why and I don’t take offense :D) my Dad never tried to teach me his mechanical skills (and I highly regret not pushing him to teach me). And I can’t even begin to picture how I would teach them anything about that. I don’t even know where to start or ask for help. And that made me realize that maybe it is like that for people who don’t know anything about coding. I used to think it’s so easy, you can just point them to tutorials online or take them to lessons. But maybe somebody out there feels intimidated and doesn’t know where to start. + +**NOTE: This gave me the idea to post to my local Facebook group if anyone wanted to swap teaching skills with children. I can teach yours to build a basic website if you teach mine how to change oil and tires. I already have several takers and people are coming up with mode ideas on what to teach swap! ISN’T THAT GREAT?!** +Hi all, I’m wondering if anyone has a calculation to share to calculate the minimum RRSP contribution to add to put you in another tax bracket? + +I also live in BC if that makes a difference? +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!! +For me, it was my dad. He was a former investment banker turned independent day trader after he retired. When he passed away, I was cleaning out his electronic devices, found his strategies he had in various documents. Being a programmer, I thought "surely these can be automated." After a couple years of part time tweaking, backtesting, and paper trading, I deployed my dad's strategies. Making moderate returns, but no huge losses. + +What's your story? +I’m 26, newly married, and currently renting. My wife and I have enough saved up for down payment on something. I would like to live in our first place for a few years, build up some equity, then move on. Because I’m foolhardy, young and bold, I’m thinking of approaching the owner of a borderline abandoned lake property in the hopes of getting a deal. The owner (which looks like a trust from an estate?) is two years behind on property taxes. + +We like the location, but we would be buying with the intention of pretty much bulldozing the cabin and garage and starting over. There is also some junk on the property, and it’s overgrown. A few nice mature trees, then scrubby little things that could probably be mowed down pretty easily (if all else fails, I borrow my dad’s chainsaw). So my first question is, how much should I assume clean up would cost? This is a about a half acre lot. + +Second question: the taxable value seems kinda high; certainly more than we would be willing to pay. $289k on a lake in Minnesota is low, but a similar lot might go for $200k, undeveloped. Because of the space they’re in, I see those buildings as a liability, not an asset. How would you approach the owner? Just lowball them? + +Thank you, reading this sub has inspired me! +Hi everyone, + +Long time lurker, I have some questions about apartment complexes. + +Say there's a complex for $2 million. It's 40 units, 20 are two bed room 20 are one bed room. + +Rent in the area is 500-600 for one bed rooms, and 600-800 for two bed rooms. + +Being conservative, say the one bedrooms are rented for 500 and an occupancy of 75% (the area seems to have 90-100% according to the site) so 15x500x12 is 90k a year. And the two bedrooms go for 600 same occupancy. 15x600x12 is 108k. Total 198k before expenses. + +Here's where my questions come in. +How do you estimate maintenance costs, renovation costs, and management costs? Just rough percentages ranges. + +What other costs are there and in total what percentage of total income would go to expenses? + +Let's just say it's 98k for all expenses, almost 50%. 100k goes towards the loan entirely. Say the building was purchased with 20% down and an interest rate of 10% how do you calculate how long it will take to pay off? + +All of this is completely hypothetical I just grabbed a listing off of online, I know this is not realistic I'm purely looking at how to analyze properties better and trying to learn. + +Why don't more people go after apartment complexes? Is financing it the biggest issue? It appeals to me owning and managing a 30-60 unit complex as a full time job over corporate life. Is that a possibility? + +I appreciate any input +This subreddit has officially out-done itself (which is quite the achievement). 100+ upvotes for a shitpost of this magnitude? + +Some clarity on the dumb strat OP was using there : a buy and a sell 5 pips away from news event. This might have worked on a demo because there was no slippage. In reality , on a live account, the clueless bugger would have been whipsawed out of both trades faster than he can type 'DEMOGAINZ YES SIR'. + +Whats more is that you get ridiculed when you call these dumb strategies out on the actual thread because you get blind newbies who are so enchanted by the quick buck mentality & take offence to you pointing out that they wont succeed doing the same dumb shit the OP did. + +Call me salty, call me hater... just dont trade the news RELEASE.. trade the direction after the news if you have a backtested plan that takes advantage of the situation. + +Im sure even the op can verify that he is on a demo + has no actual trading plan (if he is honest) - over to you [**u/FUCK50C1ETY**](https://www.reddit.com/user/FUCK50C1ETY/) +Hi everyone - huge bitcoin supporter here. I spend a lot of my time debating over in the other subreddit with BCH supporters because I believe BCH is a poor idea that is eventually going to lead to centralization, which Bitcoin can never succumb to. + +Over the past year, as bitcoin has become mainstream, we have all witnessed the price skyrocket and have all, in my opinion, become blinded by it. Bitcoin's has a MAJOR issue right now. Simply, day by day, wallets that have less than the minimum amount of satoshi/byte fee that will get a confirm in them are essentially useless/worthless. Also, any form of commerce for bitcoin is essentially impractical now. I was absolutely alarmed when in an interview, Jimmy Song was forced to answer what he would use as "currency" if he had to use it for an online transaction, and he said "Visa". I immediately realized just how absurd and hard headed the bitcoin community has become in this blocksize debate. People would rather push others wanting to purchase things online with Visa than to improve bitcoin immediately. My main issue with the current state of affairs in bitcoin is that we have lots of people offering us promises, but no immediately solutions. LN has been talked about for years now. So, what are we supposed to do... sit around and HOPE LN is immediately adopted when it comes out and everyone starts using it for low/no fees? I think.... no I KNOW one day it will be adopted, basically making all other cryptos obsolete. However, how far off is this? 1, 2, 3, 4 years? Nobody knows. But in the immediate/short future, what is the bitcoin community supposed to do? Sit around and pretend that $10 fees to make a simple transaction are OK? What happens if other cryptos decide to fill in that vacuum while we sat around waiting for LN, which by the way is not guaranteed to fix this fee issue. Even with LN, most smart people agree that at some point Bitcoin HAS to increase the blocksize. On LN, you still have to be opening/closing channels, plus people are always going to want to use the main blockchain to do transactions for maximum security. + +I think it's time the community backs a blocksize increase. We KNOW it has to happen at some point, so why not now? Bitcoin is in a very desperate place. Don't be fooled by this massive price spike. We have to make some serious decisions about what we are gonna do now to fix this. Sit around and wait for LN, or do the inevitable now, and increase the blocksize to 2mb. I'm officially putting my vote in for an immediate blocksize increase to 2mb. + +Discuss and please keep it civil. +You thought he just stumbled into this yolo overnight? + +https://preview.redd.it/5pwvz7mzizd61.png?width=737&format=png&auto=webp&s=754be37c0da61ecc3236fdba3f5e3683c08bc059 +Did a ton more research and I want to get the good news out in front of your day – Single share ETFs DO NOT have a short position component to them. They are a 100% synthetic product, nothing but swaps. Same as a regular run of the mill inverse ETF. As such, there still seems to be no vehicle to include a short position in an ETF. And that means, the mechanism discussed last night which I have been dreading for over a year, is in fact *still* not in practice. Rejoice! + +Of course, for those of you who were around last night, enjoy sharing in my night terrors from this day forward, now knowing what might yet still be waiting for us just beyond the horizon. + +Have a great day! + +[Being wrong has never felt so good](https://preview.redd.it/nocl2qa19tk91.jpg?width=657&format=pjpg&auto=webp&s=1a608bf949cc8c0f2f2e826db7f02b8218760c48) +What timing! + +[https://www.cnbc.com/2020/06/11/moderna-to-start-final-testing-stage-of-coronavirus-vaccine-in-july.html](https://www.cnbc.com/2020/06/11/moderna-to-start-final-testing-stage-of-coronavirus-vaccine-in-july.html) + +&#x200B; + +* "Moderna on Thursday confirmed it plans to start a trial of 30,000 volunteers of its much-anticipated coronavirus vaccine in July as the company enters the final stage of testing." +* "Moderna said it has selected the 100 microgram dose of the vaccine for the late-stage study. At that dose level, the company is on track to deliver about 500 million doses per year, and possibly up to 1 billion doses per year, starting in 2021 from the company’s internal U.S. manufacturing site and strategic collaboration with Swiss drugmaker Lonza." +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. +Hey folks + +I'm primarily a multi-family investor and have 100 units spread throughout California and the Midwest. Given the extremely high prices and very little value-add product, I'm starting to look elsewhere and found some decent opportunities in the retail space. + +&#x200B; + +Without going into too much detail, there was a retail building for sale for $3.647 M with NOI of $310 K (8.5% CAP). Through some back and forth negotiation, the LOI was accepted at $3.58 M (8.66%). With proposed financing, this represents a \~14.5% cash on cash rate. There are 5 tenants, the largest of which is a medical office / hospital. There used to be 8 tenants, but the hospital kept on expanding until it had 66% of the building. + +&#x200B; + +The building is attached to another parcel that is anchored by a large grocery store. What's weird is that the entire building is split into two parcels, one that is actually anchored by grocery. I spoke with the owner / operator of the grocery-anchored retail space and they seem very friendly and reasonable. + +&#x200B; + +I'm like 90% sure this is a good investment, given the medical-related tenant (already has weathered 2 recessions and has indicated it would like to expand further) and the fairly high cash return. Thoughts? +[Original post](https://www.reddit.com/r/Superstonk/comments/nk5cvm/youre_gonna_need_to_file_a_13h_after_you_finally/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) from 1 year ago. Re-posting as I think it's quite important and there's a lot of new people here who may not have seen it. All credit to u/whats-left-is-right. I suggest you go through the comments of that post too. + +**TLDR:** 10 days after selling $20 million of stock in a day or $200 million in a month you are required to file with the SEC as a large trader by submitting a 13H. **Get a professional advisor (legal, taxes, finances...) when the time comes so you don't fuck up.** Ideally you should start scouting them as early as possible as good reputable ones will be in high demand. + +Source: [https://www.sec.gov/divisions/marketreg/large-trader-faqs.htm](https://www.sec.gov/divisions/marketreg/large-trader-faqs.htm) + +# BASICS + +**What is an NMS security?** \--> GME + +https://preview.redd.it/ok9m5aruvd691.png?width=608&format=png&auto=webp&s=3b21f75b158efec4c4c2ede1db0d489ef9ffd9e7 + +**Rule 13h-1(a)(i) - What is a large trader?** \--> you with your GME shares in one or all your different brokers + +https://preview.redd.it/ssdp0lynwd691.png?width=625&format=png&auto=webp&s=4add7328ca5ef428b0481d98b38c6d7bded5c93a + +**Rule 13h-1(a)(7) - At what level to add the data?** \--> Aggregate transactions across all brokers that are equal or greater to the specified levels. + +https://preview.redd.it/vxtgjxuxwd691.png?width=659&format=png&auto=webp&s=13d00b9d6b9b6853c8aecf70968dea3e5d3bc06c + +**Rule 13h-1 - Calculating the threshold** \-> If your total transaction value across all brokers adds up to the threshold, you gotta file one + +https://preview.redd.it/64rc34pkxd691.png?width=653&format=png&auto=webp&s=f749eeb995634b1c46695b18d1cfcb29e5905e8a + +**What are the "specified levels"? -**\-> 20 million in 1 day or 200 million in a month + +https://preview.redd.it/mpsvsu17yd691.png?width=592&format=png&auto=webp&s=4f57fc8e806e2eaed26a1e7f1e2d268cf080342d + +**What is a LTID?** \--> A personal number you use to tag all your transactions (irrespective of broker) + +https://preview.redd.it/nisbqcbb4e691.png?width=662&format=png&auto=webp&s=639d1c000cab977dbe4f7dd945986d514192b39b + +# When should you file? + +> "Rule 13h-1(b)(1)(ii) specifies that an annual filing must be made “within 45 days after the end of each full calendar year” + +It does not mention "10 days" in the original link, but this other [SEC pdf](https://www.sec.gov/rules/final/2011/34-64976.pdf) mentions this as well as [IBKR](https://ibkr.info/article/1842) page. + +[SEC pdf](https://preview.redd.it/4ewuf2v92e691.png?width=873&format=png&auto=webp&s=76e288a8e3e1a77c52bb3a1372fadc3a347ee9f6) + +[IBKR](https://preview.redd.it/vpacx46q0e691.png?width=1007&format=png&auto=webp&s=f5ec2bfc19b3e458768b333fd558921c3fc760ce) + +Unlike Kenny, don't fail to deliver. + +# How to gain access to the EDGAR system? + +Submit a form ID, get credentials/password, then you can file 13h through EDGAR. All very boring stuff, so if you sniff crayons leave that to professionals unless you really know what you're doing. + +https://preview.redd.it/r2jfdb1c3e691.png?width=853&format=png&auto=webp&s=af7b921189f8ecb531956ce96195a8b053e56e86 + +**You file your 13-H, now what?** \--> You get your LTID + +https://preview.redd.it/ayp2ppof4e691.png?width=865&format=png&auto=webp&s=5ca4bbfd92d31ff2d606ce9315a7f03b6beabdc2 + +**LTID format** \--> 8 digits + 4-digit suffix + +https://preview.redd.it/zyf6axw55e691.png?width=654&format=png&auto=webp&s=e487344d007d506193256ae34d80355302d8b96e + +**What happens if I don't have an LTID?** \--> You broker assigns you one + +https://preview.redd.it/0239aig75e691.png?width=653&format=png&auto=webp&s=004df7599a9b2bf323a56ee581355e6b8960d9aa + +**I am an international ape do I need to file one? ->** Yes -- Assume you have to unless you verify otherwise. Essentially, if you're not in the US but use a broker that's in the SECs system your still required to file a 13H but you may file a different form asking for exemption. + +If you feel your head is exploding by now, its OK, take a break, you deserve it, and listen to this remix [song](https://www.youtube.com/watch?v=GRf4AXTKVEs) as hedgies are falling and crypto is crashing. + +Peace +Amazon Web Services (AWS) announces general availability of Ethereum on Amazon Managed Blockchain. + +Ethereum being a popular decentralized blockchain framework that establishes a peer-to-peer network allowing participants to transact without a trusted central authority. + +It enables popular use cases such as decentralized finance (DeFi), a network of financial applications built on top of blockchain networks.  + +Full anouncement link: https://aws.amazon.com/about-aws/whats-new/2021/03/announcing-general-availability-of-ethereum-on-amazon-managed-blockchain/ +It's been a good day for price action and seeing ETH climb back up to $4300. I feel it will hover around this price for a few days but curious what everyone else thinks. Do you think it will push to $4400+ or another pullback to $4k or such? + +Disclaimer: We all have no clue what it will actually do and it's pure speculation. Doesn't mean we can't have a fun little chat. Cheers! +First of all I want to say that I have been a member of this community for about 2 years, and interacted successfully with many different blockchain software applications. I'm not a "noob". + +I only used MetaMask to go in and out of EtherDelta because I tend to not trust any third-party wallet software. I had a sell order for 30,000 E4ROW tokens (yes not worth much, but still a total USD value of my account at about $2,000). + +When I initially installed MetaMask years ago, I received a seed phrase which I wrote on a sheet of paper and stored securely. Usually MetaMask just required me to enter my private key to sign into my hot wallet, which I did without issue. Once, it wouldn't let me sign in for whatever reason, so I backed up from the seed phrase I had stored. That was successful, so I figured from that point on that there would be no future problems with the seed phrase. + +About 2 weeks ago, I tried signing into MetaMask to cancel my unfilled sell order. The password was not working for whatever reason, so I was prompted to use my seed phrase to re-boot the account. I entered the seed phrase as I did the previous time, from the written version I had, but this time the MetaMask software generated a new wallet. I started panicking because I knew that if my seed phrase generated a new wallet that was evidence of a bug, and evidence that I'd never be able to access my old wallet again. + +Sure enough, it was a software bug that was never announced on any of their public communication channels. + +Here is the exact software bug that caused me to lose all my hotwallet funds in their Github issues tab: https://github.com/MetaMask/metamask-extension/issues/2383 + +I went with this information to the MetaMask support Slack channel, and was treated with total disrespect by the devs. My problem was not taken seriously (I was blamed for writing down the wrong seed phrase, which is impossible because I already generated the account previously with the same seed phrase), and I was promptly ignored after linking them to the Github error for this exact problem (another user not affiliated with the dev team was kind enough to try to help at this point, but that was 7 or so days ago and the main dev has not responded to my issue since). + +MetaMask is a venture of ConsenSys, arguably the largest blockchain company in the world. If their software developers write poor code that leads to a user losing all their funds, they should at the very least take responsibility for their error, which they have not done. They should also, in my opinion, refund the funds that were lost as a direct result of their team's error. This is a company with billions of dollars. I do not expect this to happen, it would just be ethical. + +The main reason I'm making this post is to warn people about MetaMask. There are people who have much more funds in their hotwallet than I do, and after seeing how unprofessional the team is, I would actively recommend searching for alternative options (even using centralized exchanges to go in-and-out of trades instead of MetaMask + EtherDelta. +Well, I turned in my two weeks’ notice early this week. My wife FIRE'ed last year. It has not quite sunk in yet, but I know I am officially done with the full-time job for the rest of my life. I am 48, soon to be 49 and my spouse is 47. I started my career at age 25 and my wife at 23. We both put in roughly twenty-three years each in our jobs. We had decent paying jobs during our career but neither of us really enjoyed what we did. Our average annual salary was about 80K (combined 160K). We were not adopting a complete FIRE lifestyle for most of our careers however. We did manage to travel and had some fun before we had our kids. We always maxed our 401K and contributed to ROTH whenever we could. We also religiously contributed to HSA account and paid all the healthcare costs out of pocket. We kind of got lucky with 529 as we started contributing quite a bit starting 2010 when market was starting to recover after 2008 crash. More than half of the 529 balance today actually came from the investment returns! We also paid our mortgage in about ten years then spent decent amount sending kids to private school through K-3, which we believe was a good decision. + +Here is what our finances look like… + +401K/ROTH: 2.3MM (including 300K in ROTH) + +Home: 300K paid off, Upper Midwest, MCOL + +Health Savings Account: 160K + +College Savings (529): 310K (2 kids age 7 & 10) + +FIRE Funds: 600K (to last \~11 years) + +Yearly expenses: 55k (Basic expenses: 35K, Travel and entertainment: 20K) + +We are planning to spend down 600K that has been allocated as “Fire Funds” until we turn 59.5 at which time, we plan on dipping into our 401K funds. I am investing the FIRE funds in diversified closed-end funds and dividend paying ETFs. As long as the portfolio returns three to four percent in average, it should last well over 11 years. If there is a major correction or any adverse event, I can always take a couple of months of consulting gig to make up for it. + +We plan on traveling with kids in summer and winter breaks. We also do lots of hiking, camping, and outdoor activities which should be lots of fun knowing you don’t have to return to office on Monday. I plan on doing a few ½ marathons and 10K every year. We will spend some time volunteering at school and charities. + +Had we known anything about FIRE and power of compounding, we could have probably FIREed a decade earlier. But we still don’t have any regrets. We had some good years traveling etc so it was all worth it. I definitely learned a lot from this board and more than anything you guys inspired me to call it a quit and spend some of my remaining “youth” with my kids and family. Thank you and feel free to comment or critique my plans. Happy Friday!! +**Edit: Tentative optimism - 15 minutes before EC - +10% AH. May be premature celebrating, but if it holds, never been SO GLAD to be so FUCKING WRONG.** + +Temper your expectations. + +Tomorrow - Earnings Day. + +RSI - Ice cold (Sub-30 on the daily). Lots of hype around that. People saying 'Last time it was this low, price catapulted.' + +And every single time, SUM(A, B) = BIG FAT NOTHING. + +They're watching, reading, and paying attention to us here, and everyplace else (hi unpaid SHF interns). They know we're expecting something this week. After all, every piece is there, waiting to fall into place. + +But we know they know we're watching, and we know they know we, by the evidence, SHOULD be expecting. So why would we expect anything but disappointment? Because every single time all the pieces have lined up to fall into place, all we got was a gnat's fart. + +So, I'm not hoping tomorrow and the rest of this week is a big fat nothing burger with kale on it. + +But I am expecting it. +I am trying to get an app for personal / family money management and budget tracking. Mint seems nice, but doesn't work in India. [Found this 5 yr old post on the same topic.](https://www.reddit.com/r/IndiaInvestments/comments/3cae73/any_alternatives_to_the_mint_app_for_india_im/) Just checking if any new app has come up for India. + +[Edit 1] + +Adding some more notes on what I am actually looking for when I say money management and budget tracking. + +On the app I should be able to: + +1. view my past transactions, and add my income and expenses (preferably by using some form of bank sync) +2. categorize and label expenses (automatically, if possible) +3. get a report of my spending pattern by category +4. allocate budgets for my current month (for major categories at least) and deduct from that budget whenever I make a transaction; this way I can be aware of where I need to cut spending for the month +5. use on both mobile and desktop (web or native doesn't matter on desktop) +6. share the same app with my wife, so that we can budget together + + +What I am NOT looking for in the app: + +1. track investments (MF, FD, Shares, etc.) & their performance +2. free / open source; I'm willing to spend to get all the features + + +[Edit 2] + +I compiled a list with all the apps suggested. Will keep updating it. + +| App Name | Web App | Desktop App | Mobile App | Indian Bank Sync | Bulk Imports | Price (Rounded off) | +| ----------------------------------------------------------------------------------------------- | ------- | ------------------------------ | ------------- | ---------------- | ------------ | ----------------------------------------------------------------------------------- | +| [Bluecoins Finance](https://play.google.com/store/apps/details?id=com.rammigsoftware.bluecoins) | No | No | Android + iOS | No | Yes | ₹600 Once | +| [Wallet by BudgetBakers](https://web.budgetbakers.com/) | Yes | No | Android + iOS | Yes | Yes | $4 Monthly / $24 Annual / $48 Once | +| [PocketSmith](https://www.pocketsmith.com/) | Yes | Linux + Windows + MacOS (beta) | Android + iOS | Yes | Yes | \[Limited Plan\] $10 Monthly / $90 Annual; \[Super Plan\] $20 Monthly / $170 Annual | +| [MoneyWiz 3](https://wiz.money/) | No | Windows + MacOS | Android + iOS | Yes | Yes | ₹200 Monthly / ₹2000 Annual | +| [Perfios](https://www.perfios.com/) | Yes | No | Android | Yes | Yes | \[Gold Plan\] ₹600 Annual; \[Platinum Plan\] ₹1800 Annual | +| [GoodBudget](https://goodbudget.com/) | Yes | No | Android + iOS | No | Yes | $7 Monthly / $60 Annual | +| [YNAB](https://www.youneedabudget.com/) | Yes | No | Android + iOS | No | Yes | $12 Monthly / $84 Annual | +| [Actual Budget](https://actualbudget.com/) | No | Linux + Windows + MacOS | Android + iOS | No | Yes | $4 Monthly | +I find most PMS's have a management fee of 1%, and a hurdle of 10% or so (a 20%-40% fee is charged on the annual profits above the hurdle). If we run the numbers, even if we have an AUM of 100 crore, and a year with 12% returns (both are difficult to achieve), the revenue for the PMS will be 1crore management fee and 50 lakhs from the returns. Of course, the expenses of the company need to be subtracted from this to get to the income of the fund manager. + +Considering the entrepreneurial and risky nature of the job, this compensation seems pretty low. Am I doing my calculations correctly, or are there other ways in which fund managers fill their pockets? +So I found this MF while looking for funds which invest in markets apart from India and US. There are two funds :Nippon India Japan Equity and Nippon India Japan Equity Bonus . + +I would like to know what is the difference between the two as holdings of both are same on Kuvera. + +Is it any good to invest in Japan for someone who is already investing in US for diversifying? + +What about currency appreciation and depreciation? +I find most PMS's have a management fee of 1%, and a hurdle of 10% or so (a 20%-40% fee is charged on the annual profits above the hurdle). If we run the numbers, even if we have an AUM of 100 crore, and a year with 12% returns (both are difficult to achieve), the revenue for the PMS will be 1crore management fee and 50 lakhs from the returns. Of course, the expenses of the company need to be subtracted from this to get to the income of the fund manager. + +Considering the entrepreneurial and risky nature of the job, this compensation seems pretty low. Am I doing my calculations correctly, or are there other ways in which fund managers fill their pockets? +I think I might not be the only one here thinking this.. + +I love to code, I think I'm pretty good at it. I do it professionally as well. Algotrading attracted me because of potential upside, maybe working for yourself someday. Because myself like many others here, at the end of day would just like to make some money. + +I've realized though, I just don't love learning about markets. I don't love studying charts, it just isn't for me. I like building systems/improving them/ debugging them/watching them work. Unfortunately that is obviously much less valuable as anyone can do it. I remember a relatively heavily upvoted post of a guy (claiming obviously) that too many of us in here just want to code, and don't really want to trade. Not sure who true that is, but I could see that being possible + +Those of you who find/found yourself in my shoes, what did you do? Did you focus on other things besides algotrading? Did you focus on particular parts of algotrading? Did you go into building tools? Did you work with other traders? Curious to hear peoples thoughts/ideas +I have been doing tons of research behind trading, trading strategies, the automation process of strategies, as well as what may or may not work. Yet I cannot seem to understand why Technical Analysis is hated on (lack of a better term). I have seen some of you say it does work and others saying it doesn't. I've read books stating why it works, and I have seen research and results on why it doesn't in an automated sense. + +My current understandings: + +1. Technical Analysis is a mathematical form of time-series analysis +2. It is lagging, the calculations tell us what has been happening not what is happening +3. It is essentially price action re-drawn (in some cases) +4. TA is powerful and useful, when used right +5. Humans are better at trading with TA than are algorithms (I think, at least from what I have done research on) + +To me, TA seems like it should work wonderfully once combined with an extensive set of instructions or rules. I am currently building a program to test this in Python, haven't gotten to the actual testing phase yet but this question has been on my mind and I felt the need to ask. + +I would like to know more about technical analysis, how you guys here either do or don't use it and why (of course without revealing any secret sauce, I am seeking a deeper dive into the information in this topic) A list of sources, articles, whatever they may be that may be helpful in any way to read upon. A description to clarify. Anything really. + +Thank you for your time and help! +**TLDR: Swaps have been reported publicly since mid-February. From the three months of data, we were able to observe three things:** + +* **Evidence of hidden shorts in ETFs: Lent-out shares in XRT on suspicious dates.** +* **Contracts for Difference (CFDs) can be used to short a stock; GME has unusual CFD trades.** +* **Good news: We can see that other traders go long GME.** + +A short squeeze occurs when there is a lack of supply and an excess of demand for the stock due to short sellers having to buy stocks to cover their short positions \[1\]. For GME, the theory says that massive short positions are hidden in options, naked shorts and swaps. This article is about swaps. The reporting of swap trades started only in mid-February, three months ago. I inspected the swaps data and will give you an overview in this post. + +**Types of swaps:** + +In principle, Swaps are bets on a price movement. These derivatives can be used to go long or short. Swaps do not have a direct impact on the price of the underlying, but the hedging of these derivatives can influence the price. + +Let us first revisit how a hedge fund can enter a short position. An interesting paper about the financial crisis in 2008 \[2\] described different ways to get around short-selling bans: + +>A short sale can be replicated by a suitable option or futures strategy. For example, the put-call-parity allows investors to obtain the same exposure as with a short strategy by buying a put option, writing (selling) a call option and borrowing dollars. \[...\] It also requires transaction costs to be sufficiently small. Furthermore, precise put-call-parity only holds for European options (those that can be exercised only on the maturity date, but not before). Traders may also construct synthetic short positions by selling futures contracts and buying bonds with the same maturity. \[...\] A short position can also be taken through spread bets, **contracts for difference (CFDs) and total return swaps**. + +*Contracts for Difference (CFDs):* + +* CFDs are bets on the stock price difference at the beginning and at the termination of the trade. +* I'll simplify and assume that most of the CFD trades are initiated as short positions. You may say - CFDs are not allowed in the USA; well, open an account in Canada or in the EU then +* There are clear advantages of CFDs for short sellers: (1.) Leverage. (2.) They do not cause FTDs and are independent of how liquid the stock is. (3.) There are almost no rules for shorting with CFDs. "*CFD instruments can be shorted at any time without borrowing costs because the trader doesn't own the underlying asset.*" \[3\] + +*Portfolio swap or total return swaps:* + +* In a portfolio swap, the swap holder gives money to the counterparty to buy (or sell) a stock. When the trade is terminated, the counterparty sells (re-buys) the stock and gives the returns back to the swap holder. +* Portfolio swaps are very similar to total return swaps. Usually, portfolio swaps are preferred. +* The trading parties can take portfolio swaps in the form of a basket, i.e., the initial transaction is not money but a basket of shares. This type of swap can lend shares and is very useful for short selling. +* In contrast to CFDs, most portfolio swaps are taken as long positions, but with one exception: Swaps done as *basket* trade are probably short positions. + +**Limitations of what we can see:** + +The swap data reporting started on 2022-02-14, and thus any earlier data is unknown. Swaps have a lifetime of up to ten years, so the fog of unreported data may still hide a significant position. + +We have swaps reporting data with a single underlying as mandated by the SEC; swaps with "a basket of multiple stocks" are regulated by the CTFC and not yet to be reported. + +Swap trades are reported in a structured form. Still, the DTCC keeps the information of the trade parties highly secret. Amendments to existing transactions are also not linked to their original entry. This obfuscation makes it a bit hard to find out the real open positions. Automated trading makes it even harder. Therefore, we will only look at the daily volume in swaps. So, regardless of whether a it is a new, a closed, or an updated position, those count towards the daily volume. We will also use "Quantity" as a volume measure that tells us the number of shares in the swap. + +Before we start with the plots: **"Notional Quantity" == Number of shares;** and **"Notional Amount" == USD.** + +**Evidence of hidden shorts in XRT:** + +XRT is interesting because this ETF had a substantial short interest and contains GME shares. The theory says that GME shorts are hidden in ETFs. Authorized Participants can dissolve the ETF shares into the individual stocks; and then use these share to short a stock without causing FTDs. ETF shares can be lent-out using basket portfolio swaps: + +[The two large green spikes: probably lent-out shares; the first spike was so large, it surpassed the range of the reporting form \(at least 250 million USD\)](https://preview.redd.it/14qmdtd6yoz81.png?width=3510&format=png&auto=webp&s=71bc3f6d25180b83330e4bc75c7af41704422d6c) + +A single trade increased an unknown basket swap position (short) by over 250 million USD in March, with an expiration date in 2025. Afterward several trades reduced it by 315 million USD. This trading pattern went along with a huge short interest in XRT. There are two start dates linked with this basket swap: 2020-08-20 and 2021-01-04, exactly when the liquidity issues in GME began! *Coincidence!? I think not!* + +As I speculated in a previous post \[4\], the swap holder may have exited his long-term swap position and entered more short-term options to prepare for a squeeze. I also investigated other ETFs that contain GME (IJH, MDY, VTI, IJK, MEME, VB), but none of these ETFs had such significant swap trades - or the transactions haven't surfaced yet. + +**Unusual CFDs in GME:** + +Usually, when any trade is performed or reported, this generates a spike in the plot. However, some CFD positions are regularly updated, which can be observed as a continuous line pattern (not a spike). I've inspected many tickers (from Rüssel 1000 ;-)), and found this pattern is highly unusual. Only a few other tickers have a similar pattern, many of which also had price surges in January 2021. + +[GME timeline, daily traded swaps. In general, spikes on this plot are new trades. However, there is also some trader who constantly announces his CFD position.](https://preview.redd.it/7co6stlayoz81.png?width=3510&format=png&auto=webp&s=0d0c581eb20e884e5729a1a00206e7482b00934a) + +Often those trades are made as a pair with distinguishing parameters, which may be towards multiple counterparties or as part of a hedging strategy. Those positions were entered on interesting dates: 2021-12-21, 2021-04-08, 2021-07-07, 2021-09-24, 2021-11-10, 2021-12-16, among others. The most recent date is 2022-04-01. If you look up the stock chart, each of those trades was after a bull phase. See how these spikes appeared *after* a price increase happened? (well, sometimes timed a bit poorly). Conservatively estimated, the rolling CFD position is at least 100k shares. + +Another indicator is the expiration date of the CFDs: Those will expire on January 25th and April 12th 2023, and in 2026. + +**Good news - We can see other traders go long:** + +When Ryan Cohen bought 100k shares in March, swaps decided to follow. We can see that there is again a bullish sentiment since this week, as you can see in the plot as portfolio swaps! + +[Similar to the GME plot above with GME but with \\"Money\\" on the y axis.](https://preview.redd.it/d6vf09mfyoz81.png?width=3510&format=png&auto=webp&s=057571c71b8a51466171682fa6f51e004258333a) + +Furthermore, GME.N, the NYSE-traded equivalent of GME had two interesting swap trades: + +[GME.N timeline. Usually not very active, but there are huge trades in March.](https://preview.redd.it/watoh0qiyoz81.png?width=3510&format=png&auto=webp&s=a42ec03ea3b6851f180339390e3e71eea4276b12) + +In GME.N, someone entered a 17 million USD and a 21 million USD swap in March, just after the 100k shares buy-in of Ryan Cohen. Both trades are more significant than any other swap trade in the GME ticker. Is there a reason to trade in this ticker rather than directly in GME? + +This bullish sentiment in March also appeared in GME swaps. A second bullish phase happened in the last two weeks; we saw that already on Thursday when the trading was halted. This volatility already announced itself in the swaps the day before, when several trades ranging up to 4 million USD appeared. + +I see this as a sign that "big money" goes long GME; someone who spends that money on a swap did a proper risk assessment. + +**Other stocks for comparison:** + +Let's first look at a regular boomer stock; in case you typed wrong while buying, here is GM: + +[GM swaps; Green line: someone bought 3 million GM stock through portfolio swaps in March. Red line: a short position in April using a basket portfolio swap.](https://preview.redd.it/xy0rx44myoz81.png?width=3510&format=png&auto=webp&s=ea67cbadc6f8f879462c3f270fca9b8ffdf54806) + +[Ah, well, Popcorn also has this unusual pattern with CFDs. However, the NYSE traded ticker does not have these bullish trades of GME.N; but rather a few large basket portfolio swaps \(maybe new shorts!\). Also, the CFDs here expire only in 2026.](https://preview.redd.it/ox4wwfdoyoz81.png?width=3510&format=png&auto=webp&s=24bc4597c38c47e99fe47ed4df48900a2dff4b03) + +[BBBY timeline](https://preview.redd.it/mknullxpyoz81.png?width=3510&format=png&auto=webp&s=dba262ea7097fca9ce6a22c9b912da44b6cf424e) + +BBBY. Orange: Multiple swap positions were terminated in March, largest transaction has 800k shares; someone terminated his large portfolio swaps. Blue line: A CFD with 300k shares daily peak, several long-term CFD positions from January surfaced.... *How I interpret this: Short sellers did not learn from their mistakes and increased their short position on BBBY in January.* + +[BRK-B also had an interesting pattern....](https://preview.redd.it/4olvpeotyoz81.png?width=3510&format=png&auto=webp&s=8b7731a3652bd4a928d3c9c3fcf8e6cf3845c151) + +&#x200B; + +\[1\] [https://en.wikipedia.org/wiki/Short\_squeeze](https://en.wikipedia.org/wiki/Short_squeeze) + +\[2\] Short selling regulation after the financial crisis – First principles revisited, Grünewald et al., 2010, International Journal of Disclosure and Governance volume 7 + +\[3\] [https://www.investopedia.com/articles/stocks/09/trade-a-cfd.asp](https://www.investopedia.com/articles/stocks/09/trade-a-cfd.asp) + +\[4\] "Swaps my be linked to the enormous short interest of XRT" by u/MyFirstBanana +Wife and I keep debating a vacation home. Ideally we would want a 2 or 3 bedroom condo with a good HOA in the Orlando area. There is a lot to choose from and average price seems to be between $200k to $280k, easily in our budget. + +The issue is that Orlando has a ton of vacation rentals as well. The exact condo we could buy rents monthly for around 3k. + +Ideally we want to spend between 3 to 5 months a year in the area. So for those that did a second home, looking back do you wish you had just rented instead? +TL;DR: Being financially independent gave me confidence to not give two f\*\*ks about my company's new a-hole management team and allowed me to really consider my next career move. + +=== + +New management came in and turned my laid back small company into a corporate, always in meetings, nightmare. The new managers "brag" about how they worked over the weekend and how they stayed up until 2 a.m. working on some report. That ain't me. I have hobbies and a life. + +I got into it with one of the managers and there is no mistake in our dislike for each other. I figure the only reason why they haven't fired me by now is because they're so incompetent that they have no idea what I do. I create all the weekly reports reviewed by the executives, and they can't even figure out how to run the reports themselves. When they ask me to show them I make it sound overly complicated and their ADHD brains get overloaded after 5 minutes of my made up technical jargon (they have no background in my field). + +If I weren't already pursuing FIRE and am somewhat FI by now, I'd be stressed out and worried about my job. But I've been pursuing FIRE for the past 20 years...I have a paid off house, a hefty retirement account ($600K in my early 40s), a taxable brokerage account ($100K) and a large cash account (I like keeping 1 year in emergency savings). I'm probably the best one at my company at my age to handle a job loss that wasn't born into money. + +So I've been the only employee in my group since the new management came that is still working standard business hours. I don't go into the office on weekends or work long hours to satisfy or impress them. Since we can work remotely, I went to Hawaii for two weeks and worked during the business hours and didn't even tell them (never heard of them checking for log on locations and doubt they know how). During my vacation, they wanted me to go into the office for a task that I could do remotely, but they wanted to be a-holes. I completed the task remotely and sent an email to the entire department explaining how the task can be performed remotely and how employees do not need to go into the office for this task. This pissed them off because my e-mail wasn't approved by a manager, but now all the junior employees know the managers are being a-holes if they tell them to go into the office for this task. + +I've also been job hunting on the side. Let me tell you...job hunting when you're not worried about paying bills is sweet. I had time to decline some job offers if I didn't feel right about the company. I'm now with the (good) problem of having to choose between two job offers...a risky startup for more money and better opportunities for growth....or a Fortune 500 company that may be stodgy but stable. The startup will require that I work more hours, but I'm really tempted by the paycheck and growth opportunities. I also think having a Fortune 500 company may look good on my resume and it sounds like I will have the time schedule that I want. I feel so blessed to be in this situation. + +So this upcoming week after Labor Day, I'll be choosing between one of my offers and likely turning in my 2-week resignation. Being FI allowed me to handle this hell chapter of my career pretty well. + This is the official $GME Megathread for [r/Superstonk](https://www.reddit.com/r/Superstonk/). Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) + +on how to get it. + +[announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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They are, New York, Massachusetts, Washington, California and Connecticut. +Combined GDP of these states is over 6 trillion dollars, that’s over 12 times higher than Norway. + +Kinda useless fact but I feel like it helps put things into prospectives, if you live in one of these states you are in one of the richest places in the world. + +(Preempting remarks about inequalities in the US: check median salary in these states and compare it to other rich countries and you’ll find that the average person in these states is doing pretty well) +The fundamentals did not change. + +People did not suddenly forget about ethereum. + +No system collapse/ big technology fail. + +No bad news. + +This is just healthy price movement and it is teaching us, a future generation of investors, the hard way a market can be. I still see the flippening happenig soon, price reaching 1k$ and more. + +I am not looking forward to making an anti-FUD post, because IDGAS about people selling or getting scared. These people will always be even if we reach 2000$, the same questions will be asked. So I won't spend my time for it. + +You have to love the market and learn from it. Don't try to time it and especially don't forget the reasons why we went so high at the first place. THIS WAS NOT MANIPULATION LIKE BTC IN 2013 THESE WERE FUNDAMENTALS ! + +#etherisnotbitcoin +Reposting because this got lost (justifiably) in the uber hype of the stock split dividend announcement yesterday: + +After Ryan Cohen's tweet "Children and animals must be protected at all costs", I was looking in to the financial statements of Save the Children, who has BCG as a pro bono consultant. Now I'm not sure if this is normal, but it sure does seem like they have some significant investing going on for a charity. From their 2020 financial statement: + +https://www.savethechildren.org/us/about-us/financial-information + +They mention that they work with hedge funds for bond investments, public equities (stocks), as well as alternatively hedged strategies (mostly derivatives "including both long and short positions"). This raises a couple of questions: + +1. Why does a children's charity need to be shorting stocks? +2. Where did the 50 million increase in investment come from if 85% of their donations go directly to aid? + +From their website: + +"In fiscal year 2020, 85% of all expenditures went straight to our mission. This means that, out of every dollar spent, 85 cents goes to programs and services for children and families in need" + +So firstly it's important to note that they have specified that 85% of all expenditures, not all donations go directly towards their mission. The total operational expenditures were $839,837,000, which means that $713,861,460 should have been spent directly on their mission. + +From their expenditures, it does look like about $711 million was spent on "Program Services" with an additional $128 million for support services. Thats about right for program expenses, but if my math is correct ($879,468,000 - $839,837,000 = $39,631,000) that only leaves about $40 million in excess revenue left over. They also had an additional 8 million in transfers out fron the excess revenue, so that only leaves about $32 million. + +Now if you take a look at the table on page 7, you'll see the net cash used in investment activities (They purchased $93 million, and sold $63 million) is... well looky looky it's $30 million. They spent 90 million in investments in 2020, that's almost 10% of their entire revenue. They are spending almost every available dollar that's not "straight towards their mission" in the markets. I don't know about you guys, but this feels alot like something from the Billionare Boys Club: + +https://www.reddit.com/r/Superstonk/comments/o16cbm/billionaires_boys_club_part_5_the_foundational/?utm_medium=android_app&utm_source=share + +Maybe this is run of the mill for large charities, but I would definitely be questioning my donation if I knew that 10% was going towards speculating in the markets, especially with the "corrections" that we all know are happening/about to get worse. It feels wrong to be betting with charity money, particularly since they may have unlimited loss potential depending on their short posotions. They list this use of funds as "Raising funds used to help more children", but what if their investments don't succeed? They spent more than they made this year (spent $93 million, sold $63 million) so could that phrasing be hiding a 30 million dollar loss? In both 2019 and 2020, the proceeds from sale of investments is less than the purchases of investments, leaving a total loss of about $33 million over the two years. Seems like it's not "raising" many funds, but what do I know? + +I wonder who is advising them to utilize this strategy, and which hedge fund they use? + +https://www.bcg.com/en-ca/about/partner-ecosystem/save-the-children + +Hedge fund: ? + +Anyway, I'm not a financial advisor so maybe someone with more corporate/charity finance experience can step in, but I thought I would bring it up just in case. I sincerely hope there is no corruption here, because I mean... it's a charity for children SMH... but some transparency wouldn't be a bad thing in either case. +Hello Canadian investors. + +It's likely that I'll be a Canadian permanent resident next year. I hope to open an TFSA and Canadian margin account, and eventually contribute to my RRSP. + +I understand that TFSA, RRSP and margin accounts with Canadian brokers/banks typically allow you to hold USD and invest in the stock market using USD. + +I'm still learning. So I was wondering if there's a downside in having all of my initial investment activity in USD (within a TFSA and/or margin account)? From what I gather, you can buy the same stocks/ETFs whether you hold USD or CAD in your account. But I feel like I'm missing something. And, of course, once I start making CAD rather than USD, I'll have to fund my accounts with CAD + +Thanks! + +P.S. The USD.CAD rates offered by Interactive Brokers seem to be the best by far. I'm surprised I haven't seen it mentioned here more often. +It’s hard to not be depressed 24/7 + +Edit: it’s like in the matrix when Neo wakes up in his slave pod. That’s literally our society. I find it hard to believe that all of our soldiers who died in all the wars, ww1, ww2, Vietnam, etc thought they were fighting for this current failed empire with a decadent culture and everything is based on money with no morals + +Edit #2: End of rant. Get back to work serf. +After working for 3 years as a software engineer I have no savings to my name and no knowledge about investing or financial planning (fortunately I am debt free, for now). However, I am going to attend the Northeastern University this Fall for my Master's in Information Systems for the next 2 years. I am afraid that the massive education loan I am incurring will cause a lot of problems for me in the future, due to my lack of financial acumen. + +I am a 24 year old male and I don't know where to start, everything I read just seems too complex. I need a starting point and guidance on what exactly I need to avoid a future financial crisis. Please help. +I heard through the grapevine that if you had a Capital One credit card and you were impacted by Irma you could receive a $100-$150 credit by simply calling and asking for it. + +I called and was told they were authorized to only give $50 credit. Not what I was hoping for, but still helpful. + +I also have a 360 checking account. I called them and they were able to find a $100 bonus that existed when I opened my account and were able to retroactively apply it. + +So, capital one just got a customer for life. More importantly, other financial institutions might be similarly helpful so it can't hurt to call your bank and/or creditors and see what they can do for you. +The day before Bear Sterns crashed, the Federal Reserve held a private, non recorded meeting with many of the investment banks, with the exception of Bear Sterns. In attendance was Fed Chief Ben Bernanke, the NY Fed President, Jamie Dimon, and the rest from Goldman Sachs, Morgan Stanley, Merrill Lynch among a few others and none other than our mayo loving boy Kenneth Griffin. + +The same day this meeting was held, someone spent $1.7 million on options, betting they would crash within 9 days, and made $270 million. The SEC said they would look into it but nothing ever came about, yet they are known to travel internationally to investigate insider trading from a $2000 profit. The article below explains how all the investment banks ganged up on Bear Sterns toward the end and colluded them into bankruptcy, and through many tactics resulted in consolidated financial and political power during 2008. Of course they are equally to blame in the crash, but these psychopaths are extremely intelligent, and their collusion knows no bounds. + +I’d recommend reading the full article here: [Wall Street’s Naked Swindle - Rolling Stone](https://web.archive.org/web/20210213125246/https://www.rollingstone.com/feature/wall-streets-naked-swindle-194908/) + +Some excerpts below. + +On Tuesday, March 11th, 2008, somebody — nobody knows who —made one of the craziest bets Wall Street has ever seen. The mystery figure spent $1.7 million on a series of options, gambling that shares in the venerable investment bank Bear Stearns would lose more than half their value in nine days or less. It was madness — “like buying 1.7 million lottery tickets,” according to one financial analyst. But what’s even crazier is that the bet paid. + +At the close of business that afternoon, Bear Stearns was trading at $62.97. At that point, whoever made the gamble owned the right to sell huge bundles of Bear stock, at $30 and $25, on or before March 20th. In order for the bet to pay, Bear would have to fall harder and faster than any Wall Street brokerage in history. + +The very next day, March 12th, Bear went into free fall. By the end of the week, the firm had lost virtually all of its cash and was clinging to promises of state aid; by the weekend, it was being knocked to its knees by the Fed and the Treasury, and forced at the barrel of a shotgun to sell itself to JPMorgan Chase (which had been given $29 billion in public money to marry its hunchbacked new bride) at the humiliating price of … $2 a share. Whoever bought those options on March 11th woke up on the morning of March 17th having made 159 times his money, or roughly $270 million. This trader was either the luckiest guy in the world, the smartest son of a bitch ever or… + +Or what? That this was a brazen case of insider manipulation was so obvious that even Sen. Chris Dodd, chairman of the pillow-soft-touch Senate Banking Committee, couldn’t help but remark on it a few weeks later, when questioning Christopher Cox, the then-chief of the Securities and Exchange Commission. “I would hope that you’re looking at this,” Dodd said. “This kind of spike must have triggered some sort of bells and whistles at the SEC. This goes beyond rumors.” + +Cox nodded sternly and promised, yes, he would look into it. What actually happened is another matter. Although the SEC issued more than 50 subpoenas to Wall Street firms, it has yet to identify the mysterious trader who somehow seemed to know in advance that one of the five largest investment banks in America was going to completely tank in a matter of days. “I’ve seen the SEC send agents overseas in a simple insider-trading case to investigate profits of maybe $2,000,” says Brent Baker, a former senior counsel for the commission. “But they did nothing to stop this.” +The SEC’s halfhearted oversight didn’t go unnoticed by the market. Six months after Bear was eaten by predators, virtually the same scenario repeated itself in the case of Lehman Brothers — another top-five investment bank that in September 2008 was vaporized in an obvious case of market manipulation. From there, the financial crisis was on, and the global economy went into full-blown crater mode. +Like all the great merchants of the bubble economy, Bear and Lehman were leveraged to the hilt and vulnerable to collapse. Many of the methods that outsiders used to knock them over were mostly legal: Credit markers were pulled, rumors were spread through the media, and legitimate short-sellers pressured the stock price down. But when Bear and Lehman made their final leap off the cliff of history, both undeniably got a push —especially in the form of a flat-out counterfeiting scheme called naked short-selling. + +That this particular scam played such a prominent role in the demise of the two firms was supremely ironic. After all, the boom that had ballooned both companies to fantastic heights was basically a counterfeit economy, a mountain of paste that Wall Street had built to replace the legitimate business it no longer had. By the middle of the Bush years, the great investment banks like Bear and Lehman no longer made their money financing real businesses and creating jobs. Instead, Wall Street now serves, in the words of one former investment executive, as “Lucy to America’s Charlie Brown,” endlessly creating new products to lure the great herd of unwitting investors into whatever tawdry greed-bubble is being spun at the moment: Come kick the football again, only this time we’ll call it the Internet, real estate, oil futures. Wall Street has turned the economy into a giant asset-stripping scheme, one whose purpose is to suck the last bits of meat from the carcass of the middle class. + +What really happened to Bear and Lehman is that an economic drought temporarily left the hyenas without any more middle-class victims — and so they started eating each other, using the exact same schemes they had been using for years to fleece the rest of the country. And in the forensic footprint left by those kills, we can see for the first time exactly how the scam worked — and how completely even the government regulators who are supposed to protect us have given up trying to stop it. + +This was a brokered bloodletting, one in which the power of the state was used to help effect a monstrous consolidation of financial and political power. Heading into 2008, there were five major investment banks in the United States: Bear, Lehman, Merrill Lynch, Morgan Stanley and Goldman Sachs. Today only Morgan Stanley and Goldman survive as independent firms, perched atop a restructured Wall Street hierarchy. And while the rest of the civilized world responded to last year’s catastrophes with sweeping measures to rein in the corruption in their financial sectors, the United States invited the wolves into the government, with the popular new president, Barack Obama — elected amid promises to clean up the mess — filling his administration with Bear’s and Lehman’s conquerors, bestowing his papal blessing on a new era of robbery. + +Then, on March 11th — around the same time that mystery Nostradamus was betting $1.7 million that Bear was about to collapse — a curious thing happened that attracted virtually no notice on Wall Street. On that day, a meeting was held at the Federal Reserve Bank of New York that was brokered by Fed chief Ben Bernanke and then-New York Fed president Timothy Geithner. The luncheon included virtually everyone who was anyone on Wall Street — except for Bear Stearns. + +Bear, in fact, was the only major investment bank not represented at the meeting, whose list of participants reads like a Barzini-Tattaglia meeting of the Five Families. In attendance were Jamie Dimon from JPMorgan Chase, Lloyd Blankfein from Goldman Sachs, James Gorman from Morgan Stanley, Richard Fuld from Lehman Brothers and John Thain, the big-spending office redecorator still heading the not-yet-fully-destroyed Merrill Lynch. Also present were old Clinton hand Robert Rubin, who represented Citigroup; Stephen Schwarzman of the Blackstone Group; and several hedge-fund chiefs, including Kenneth Griffin of Citadel Investment Group. +Hi guys, + +I've been trying to find out what made Bitcoin suddenly rise to $20k in 2017 and a few articles have suggested there was one market manipulator that achieved this using tether. + +What exactly is tether and how would it influence Bitcoins price? + +Thanks in advance. + +Edit: Thanks for all the responses. I have my answer(s) and will try to respond to everyone. +***How Citadel and Charles Schwab worked together to steal TD Ameritrade and make PFOF the only way for brokers to compete. They forced the consolidation of most orders to 2 major market makers (Citadel and Virtu) and removed retail clients from the lit exchanges.*** + +Some background information. + +**TD Ameritrade (TDA)** + +TDA was established in 1975. It was established by Joe Ricketts along with three other partners. Ameritrade was founded out of Nebraska + +TDA was always a pure trading firm. TDA was independent. What does this mean exactly? That they didn’t have TDA products, or TDA ETF’s and Mutual Funds. When you go there as a client, they provide you a platform to buy and sell stocks, etf’s, funds, options etc for a low fee. \*Just a side note, E-Trade was probably the closest to TDA - and E-Trade was recently acquired by Morgan Stanley. + +Today, TD Ameritrade provides investing and trading services for 11 million client accounts that total more than $1 trillion in assets, and custodial services for more than 6,000 independent registered investment advisors. With clients placing, on average, approximately 500,000 trades each day, it maintains the leadership position it assumed when founder Joe Ricketts opened his doors in Omaha, NE, in 1975. + +TDA HIstory [https://www.tdameritrade.com/about-us.html](https://www.tdameritrade.com/about-us.html) + +**Charles Schwab (Schwab)** + +Schwab was founded in 1971 and was based in San Francisco. Schwab now has over $7.5 trillion in Assets on their books. This does include the $1 trillion they acquired from TDA. + +Unlike TDA, Schwab is not independent. If they could, they would have all of their clients be 100 percent charles schwab funds. That's their ultimate goal. No really, it's a heavy focus on selling products and it's important, because it is different to TDA. + +Schwab Company History [https://www.aboutschwab.com/history](https://www.aboutschwab.com/history) + +https://preview.redd.it/bm9m47qkuop71.png?width=617&format=png&auto=webp&s=20c4629c24d08129db8facff399c1bb8e00f2c24 + +\---------------------------------------------------------------------------------- + +My thesis: Is that Schwab and Citadel worked together, they crashed commissions to $0. Why? + +1. It made PFOF the only option - a win for Ken (All the brokers had to go to $0 to compete with Schwab and the only way was by using market makers and PFOF) +2. It made TDA lose 30 pct of market cap - a win for Charles + +I was able to find an old chart. Here - [https://www.barchart.com/stocks/quotes/AMTD](https://www.barchart.com/stocks/quotes/AMTD) + +https://preview.redd.it/l4brwtrd9op71.png?width=495&format=png&auto=webp&s=a547dc9345edd4200773c59dea0cea9378681b6c + +The chart is TD Ameritrade before Schwab acquired them. The symbol that Ameritrade traded under was AMTD. During this time TDA made money from commissions, they would charge $6.95 a trade. This is where a large part of TDA income came from and the rest was mostly in cash margin spread on client accounts. + +Unlike Schwab, TDA needed the commissions. Schwab Has ETF’s and Mutual Funds they make money on. TDA was dependent on the commission revenue. + +When did Schwab go to zero commissions? + +**Oct. 1, 2019** + +When Charles Schwab announced it was cutting commissions to zero on Oct. 1, 2019, it created a seismic shift in the online broker industry. 1 Schwab's competitors soon followed, upending the economics of the retail brokerage industry that relied on trading commissions as a source of profits for decades. + +[This red line was when they announced $0 commissions. ](https://preview.redd.it/uusjsxqzdop71.png?width=1076&format=png&auto=webp&s=2816ab86c05c16b43c9f8ec8e2549b0e4cdeb30b) + +When Schwab went to Zero commissions they jacked up their market maker order flow, let their clients trade for "free" which forced everyone else to follow. How do I know this? It's on their website. + +[https://www.schwab.com/legal/order-routing-1](https://www.schwab.com/legal/order-routing-1) \- All of the information on their order flow. + +Historical Reports + +[https://public.s3.com/rule606/chas](https://public.s3.com/rule606/chas) + +And if you click on the “historical reports” it goes back to December of 2020 when all of this nonsense started. Oh can you feel it… + +&#x200B; + +https://preview.redd.it/46k49z0o9op71.png?width=460&format=png&auto=webp&s=3096261f5f3cee0d4d477a8c8d2ee219ae98f2a7 + +This is from the very first available report - and there it is ladies and gentleman - in December of 2020 Schwab sent over 30% to Citadel, and 30% to Virtu. + +https://preview.redd.it/f6d3uvsp9op71.png?width=485&format=png&auto=webp&s=9859a12bf7e4dba11de12f62f4bd3aa5460ad3a5 + +Let's take a look at that TDA chart again. (Most platforms wont show chart data, symbols “AMTD”) + +So Schwab drops commission to $0. Then about 1 year later… + +https://preview.redd.it/rmkjcvskeop71.png?width=1076&format=png&auto=webp&s=ce0c353e03c7b47af30342a9c0cf564ba93b6fff + +**Oct. 6 2020 (TD is priced around $30-40)** + +Charles Schwab (NYSE:SCHW) **completed its $22 billion all-stock acquisition** of one of its major competitors, TD Ameritrade, on Oct. 6, creating one of the largest brokerage firms in the world.Oct 6, 2020 + +Congratulations Mr Schwab, you just bought TD Ameritrade at a 30 percent discount. TD Ameritrade stops trading (ticker is removed and Shares destroyed and replaced by Schwab Shares) then look what happens to Charles Schwab Stock shortly after… + +&#x200B; + +https://preview.redd.it/0etl2fzy9op71.png?width=1043&format=png&auto=webp&s=dfc336d02315f9cfc4b6b7ca468af375bb1ba8d3 + +After the TD acquisition Schwab stock trades from around $35 to $75 and Mr Schwab doubles his wealth. + +How much stock has Mr Schwab sold lately? As much as anyone. + +See the link below. + +​​[https://www.marketwatch.com/story/charles-schwab-sold-off-more-than-1-million-shares-of-namesake-brokerage-in-the-past-week-2021-04-29](https://www.marketwatch.com/story/charles-schwab-sold-off-more-than-1-million-shares-of-namesake-brokerage-in-the-past-week-2021-04-29) + +Charles Schwab sold off more than 1 million shares of namesake brokerage in the past week + +Published: April 29, 2021 at 3:02 p.m. ET + +[https://www.nasdaq.com/market-activity/stocks/schw/insider-activity](https://www.nasdaq.com/market-activity/stocks/schw/insider-activity) + +Schwab Insiders are taking profits - 151 sales to 26 purchases over past 12 months. + +https://preview.redd.it/zulen9omaop71.png?width=637&format=png&auto=webp&s=a68d5a0a5e6b62ce660e0c93b1d272a3f9756ad5 + +And good Old Mr Schwab sold ridiculous amounts of Schwab recently. + +https://preview.redd.it/kkcjlz79bop71.png?width=513&format=png&auto=webp&s=7f1fd223750b1526cc575cb98e70464b32bd044c + +https://preview.redd.it/kjdb5ejabop71.png?width=429&format=png&auto=webp&s=1d512772f19c5cad63ae44cba5c5c40088521cb4 + +https://preview.redd.it/od60w2mbbop71.png?width=441&format=png&auto=webp&s=1f4e8398a58c695bfb7ef9741ee5034120fc1533 + +In fact if you spend enough time there you will see everyone at Schwab is selling. Its more confirmation bias that a crash is coming. They would know, and they are selling that TDA market cap they stole. + +But the catalyst - and the genius behind it, it forced every broker into zero commission. Schwab forced everyone into PFOF by crashing TDA and reducing commissions to zero. Why is this such a big deal? Because they essentially removed retail from the lit exchanges and consolidated all the order flow to the big Market Makers. + +How much has this cost retail investors and how much money has been skimmed from Market Caps of public traded companies? By removing the competitive nature of these orders? These are the type of questions we need to ask after MOASS... + +tl:dr: **Ken Griffin and Charles Schwab used PFOF to crash trading commissions to $0, and force all institutions to use PFOF. This removed retail from the lit exchanges and forced most orders to several market makers.** + +**Charles Schwab Stock doubled in value and now the C-Level and Charles are selling heavy. How much money has this taken from dollar value amounts of actual Market Caps?** + +Just an edit - 80% of TDA managers were fired... probably more... +So I like the company, but don't own it, and cannot figure out how to at the price. Even assuming they become the number 1 car company in the world. Their current Market Cap is greater than the COMBINED market cap of Daimler, BMW, Fiat-Chrysler, Honda, Nissan, Ford and GM. You can say whatever you want about the markets assuming the future. You are assuming a future where Tesla makes half the world's cars. Or one where a barely profitable company becomes 10x more profitable than any other car company... +For those of you that are pursuing fatFIRE, do you have speaking partners in life besides your SO that you speak to about your journey, planning, strategies, or fears in reaching fatFIRE? + +I am 38 and hopefully at the beginning stages of reaching fatFIRE status (2M) and really enjoy reading posts here because I find that even though people are from different backgrounds and circumstances, everyone more or less shares a similar mindset. + +I find it difficult to speak to friends or family for fear of a changing dynamic in the relationship that I sometimes read about. + +Reaching out for paid professional advice and consultation is always an option, but I find the relationships there to be, fittingly so, more transactional in nature. + +How, if you had in one point in time in your journey, decided that you could trust either a friend or family member to have these types of conversations with, and what level of details do you divulge to them? + +I find that life is always better lived shared and experienced with someone else, and would enjoy being able to converse with someone about this. + +Or do most people pursue fatFIRE in secrecy? + +EDIT: Thank you everyone for all your replies, helpful to hear. Agree, and I suppose it is like any other secret, only share with those you trust 100%. +There are a number of posts here about relationships, and finding fulfilling 'work' that one can engage with once fat enough to not need to do anything. + +I (32M) made a lot (5M +) of money back in 2017 and have struggled since then. + +Even before (2014) making money I found myself generally unfulfilled. I had a well paying software job but it was very hard work and unfulfilling. I impulsively quit and tried building my own software projects in areas that interested me. That obviously worked. + +Since then I've failed to build anything 'worthwhile' and whilst I get excited about my ideas at first, I quickly build them and get bored. The fact I don't need to make money means that I can get away with just getting bored and stopping. + +Throughout my whole adult life post university social relationships have not come naturally to me. Whilst I'm no lothario I am relatively fit and don't think that I'm completely hideous. That said, a lack of confidence/self esteem has hindered the dating side of things. From 2014-19 I was single and didn't have many friends. I then stumbled (through a hobby - running) into a relationship in 2019 that I have just recently ended. + +When that relationship started I was finally happy - I had money and I'd met a great girl. What more could one need? In practice however I found myself constantly annoyed. She was an 'on paper' perfect person but for whatever reason I was not happy. + +We had multiple breaks. Each time I ended the relationship and she came back. I would identify issues e.g anxious attachment style, poor communication and think (as I do now) that she was the right person for me and I just needed to work on my 'stuff'. + +In the end I just felt I wasn't giving her what she was giving me. I didn't love her enough 🫤 + +One of those breaks was during COVID lockdowns. We got back together but I opted to get a 'normal' software job to give me structure/routine. Again, after a year I just wasn't finding it fulfilling fixing archaic legacy codebases. I quit. + +Reflecting back I regret my decision to breakup once again and I can't discern if this is just normal post-breakup regrets or if I'm just constantly self sabotaging myself. + +I am a huge overthinker (as you can probably tell) but I simply can't discern if I get can't commit to jobs/my previous relationship because they aren't right for me or because of something more fundamentally wrong with me. + +The world is my metaphorical oyster but I am sitting back in my parents living room with no motivation to do anything, no direction etc. I am regularly seeing a therapist and have previously tried antidepressants. My issue with the latter is that they aren't a fix but rather an aid. They can't fix the fact that I don't NEED to do anything and they can't immediately point me towards fulfillment. + +When I was younger I travelled quite a lot solo. It was a great experience but I found myself losing the lustre for seeing things for the sake of seeing things. Again at this point in my life I think travel would become exciting to me again if I were doing it with someone else yet in practice when I holidayed with my ex the logistical side of things was arduous to me and whilst the trips were enjoyable they were not as enjoyable as I had expected/hoped. + +This thread could quite easily be in /r/relationships or /r/AITA but I've posted it here because I think the money is a big part of this puzzle and I think that in many respects lots of people who make lots of money have similar work hard/perfectionist/cut throat approaches to life. + +I find that I am essentially not comfortable with time. I always want to be progressing and developing. In reality this has meant I am often just filling time rather than enjoying my time, and my overthinking means that unless something is perfect I blow it up. + +I was just curious if anyone could relate to any of these ramblings? And if so if anyone had any suggestions of where to go from here. I'm basically at rock bottom at this point but am in the very privileged position of having money to potentially help me out. + +It just makes me so sad to think that I worked so hard to make money to the detriment of other things and find myself deeply unhappy. + +Thanks +Soon I will turn 18 and I plan to implement this portfolio over the long term. Please critique it, tell me what you think about it, and bombard me with any other advice you can offer. Thanks! + +Here it is: + +50% VTI - total usa market + +30% VXUS - total international market + +10% VGT - information technology market + +10% VNQ - usa real estate market +All About Asset Allocation + +- Real estate is a separate asset class from stocks and bonds +- REIT are a convenient way to invest in real estate +- REITs have low correlation with stocks and bonds +- Nearly all commercial lease contracts have a built-in inflation hedge. Therefore, REITs are a good inflation hedge +- REITs are the simplest way to participate in the real estate market. They are also liquid +- Index Equity REITs and ETFs are a good choice +- REITs are divided into 3 categories + - Equity – Real estate properties. Most pure holding + - Mortgage REITs – do not own property, they finance property. Bond investment + - Hybrid – Hold both +- 10% allocation to REIT is enough +- Do not include home equity in your asset allocation models +- Equity REITs are portfolios of apartments, hotels, malls, industrial buildings, and other rental property + +Investors Manifesto + +- Diversification among different kinds of stock asset classes works well over the years and decades, but often quite poorly over weeks and months + +4 Pillars + +- You usually don&#39;t want to place sector bets as you have already invested in them through your other funds. The exceptions are REIT&#39;s and Precious Metals funds +- REIT&#39;s have historical returns close to the market and have a low correlation to the market. +- REIT&#39;s should have a MAX of 15% in your portfolio + +The Only Guide to Alternative Investments You Will Ever Need + +- REIT&#39;s are a great choice. But do not invest in mortgage REIT&#39;s as they are bonds and not equity +- REIT&#39;s have a low correlation to both stocks and bonds. This is true of domestic and international +- International REIT&#39;s can provide a benefit but their expenses tend to be higher so be careful. A 50/50 domestic and international REIT AA is a good starting place +- Do not treat your personal home as a financial asset. It is a place to live. It should not be included in your overall AA plan +- Investors who are not real estate professionals should gain exposure to REIT&#39;s though low-cost mutual funds and not directly buy properties as a way to achieve broad diversification +- REIT&#39;s provide a reasonably good long-term hedge against inflation +- 5-15% is a good AA for REIT&#39;s in your portfolio +- Don&#39;t include your home in your financial AA decisions + +Asset Allocation + +- Real estate is a major asset class that should have a meaningful allocation in a well-diversified portfolio + - Investors seeking real estate diversification have 2 ways to access the asset class. REITs or Private non-liquid real estate investments + - Equity REITs provide an alternative method of real estate diversification and are considered real estate + - Over the long term, equity REITs have had total returns comparable with U.S. stocks. Volatility is similar to stocks. They also have a relatively low correlation with both bond and stock markets which make them an attractive portfolio diversifier + - Equity REITs tend to be more correlated to small company stocks and changes in interest rates + - And just like in stocks, it makes sense to diversify your REIT holdings to both U.S and non-U. S holdings +- Having assets with similar return profiles and slightly positive correlations will reduce standard deviation and therefore improve the compound annual return of the portfolio. Even if the correlation is just mostly or slightly positive, it still provides a benefit + +A Random Walk Down Wall St + +- Exercise 6 – Buy a house. Real estate is a great inflation hedge. REIT&#39;s are a good choice to own commercial real estate + +My Positions - 10% total. 5% to each fund + +Vanguard REIT - VGSLX + +Vanguard ex- U.S. REIT - VGRLX + +My other summaries and FAQ + +https://www.reddit.com/user/captmorgan50/comments/rnftyk/book_summaries/ +Guys I'm a beginner at investing (started only in November 2021) with majority of my investments in tech stocks, VTI and QQQ so I'm worried about the consequences of a market crash + +Any thoughts on how legit this article is? + +https://finbold.com/economist-h-dent-projects-the-greatest-financial-downturn-ever-for-2022/ +Hello everyone, hoping to get your opinion on this subject. Everywhere I read on leveraged ETF's, it always says that these ETF's are designed to be held for a short term and that it is a bad idea to hold them long term. + +BUT, when I construct a stock & bond portfolio holding: + +60% --> SPXL (3x S&P returns) + +40% --> TMF (3x Treasuries returns) + +And backtest it starting from 2010 with an initial investment of $10 000, and by rebalancing it quarterly (to maintain the 60 / 40 ratio) I get: + +Total return for leveraged portfolio: $216,848 + +Total return for 100% VTI portfolio: $36,455 + +Here is the proof : https://www.portfoliovisualizer.com/backtest-portfolio#analysisResults + +SO WHAT AM I MISSING?? + +Why is this not a viable strategy? + +Thank you for your input. +ARK's primary FinTech analyst George Whiteridge announced on Twitter that he is leaving the firm today. Could this be due to the recent Resolute Partners takeover? How do you guys think this will impact ARK's overall fund performance? +I have just been speaking with a colleague after work, and we started talking about buying a plot of land and letting people park on it. + +There doesn’t seem to be a massive overhead, just an ANPR camera and a pay and display machine? And you can get a plot of land for £15k up north. + +What have we missed? +Within a month of NSE starting its Nifty200 Momentum 30 index (details [here](https://www1.nseindia.com/content/indices/ind_prs25082020.pdf)) UTI has filed for a fund based on it (deatils [here](https://www.sebi.gov.in/filings/mutual-funds/sep-2020/uti-momentum-index-fund_47562.html)). + +Should take care of taxation and churn issue for believers in Momentum Investing :) + +I ,for one, will add it to my passive portfolio currently consiting of UTI N50 and UTI NN50 funds. Opinions? + +Update - 29 Jan 2021 - NFO opening on 18 Feb 2021 - https://twitter.com/utimutualfund/status/1354416530537082880?s=19 +Many of us have done lots of theoretical research around the best health insurance, but that fact remains the only thing that matters is the actual experience and not the premium saved or the ambulance cover. + +Would love to hear good and bad stories of health insurance claim settlement. +Hi all, + +I’m looking to get into trading or any online method to make some extra money. + +I have 2/3k to invest which I’ve saved up but I have no idea where to start. + +Is there any courses that are actually worth investing in to help me along my journey? I did think about Hustlers University but I read it’s mostly a scam? + +I’m not looking at long term investments but investments where profits are monthly/every few months + +Any help would be massive +Cheers +There’re some fundamentals everyone can learn to become wealthy. I just finished the book Rich Dad Poor Dad and I highly recommend it to you guys because people in this sub have same goals! It’s an amazing book. +I am a highschool student who has no investments, because I simply am broke but I came to an idea that will just help people. Remember what we did with Gamestop?? Why only do that with company? We as people have so much power and especially on a platform like this. **Why not make a change?** + +&#x200B; + +I say that we have people choose a company that promotes that betterment for humanity and we all invest in it. Therefore a lot of people will make money, while also helping the world. + +I also think this tradition should go either monthly, or every other month for people (Plus people who lost money from before can make it back). + +I may not know much about how money works but if this idea is plausible it can change a lot of people's lives. + +[https://i.kym-cdn.com/entries/icons/facebook/000/029/959/Screen\_Shot\_2019-06-05\_at\_1.26.32\_PM.jpg](https://i.kym-cdn.com/entries/icons/facebook/000/029/959/Screen_Shot_2019-06-05_at_1.26.32_PM.jpg) + +Please share this idea. Repost it, make your own posts. Add onto this idea. This should be for the people. I want as many people to prosper. + +https://preview.redd.it/gfzp4aatkj571.png?width=299&format=png&auto=webp&s=77d732f441d609f56061e46595f45353037730f3 +Im FAT FIRED baby (33) + +Sold at 29 a business I started at 18. Net worth 16m ish. + +With 2 young kids now, I am looking for a meaningful outlet, 2-3 days a week maximum to spend time for myself. The rest will be dad life. + +I am curious to see what people do here. + +I really enjoyed running a business but im worried starting another is a full time prospect that I dont want to commit to, but I loved the game. + +Thanks! +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) +We have been living in interesting times for nearly two years now, and it isn’t all quite over just yet. For better or for worse, how has it changed you in regards to FIRE? +So I got accepted into a Java virtual full-time bootcamp. I have a little over a week to accept the position or not. I'm currently going through the process of deciding if I want to attend or not. One thing I'm looking through is the financial aspect. They provide some resources on their website but I was curious if anyone know of any other resources! + +For what it's worth I live in Florida if there are any state specific financial aid programs, I did a quick search and didn't see anything. My main two ideas would be getting a Private Student Loans, major downside for this is the high interest rates. I did get a master's in an unrelated field so I already have quite a bit of student loan debt. + +The second idea I had was trying to apply for a credit card with an atleast 15k limit that has a 0% interest rate for a year promotion. I've done some research here but not entirely sure the best way to go about this or how feasible this is. But I've seen a few posts from people saying they did this but without any process on how to do this. + +If anyone has any insight I'd greatly appreciate it! +In the week ending April 11, the advance figure for seasonally adjusted **initial claims** was 5,245,000. + +See the [full report](https://www.dol.gov/ui/data.pdf) here. +**Original Post** + +[https://www.reddit.com/r/StockMarket/comments/fwvt54/sp\_1700\_within\_6\_months/](https://www.reddit.com/r/StockMarket/comments/fwvt54/sp_1700_within_6_months/) + +**TL;DR** + +The first milestone prediction is wrong. The Indian stock market continued to rise despite an extension of the lockdown and growing infections. It did not fall back to 7800-8000 as predicted. + +**How do you feel now?** + +Whilst I still stand by the thesis and we still have 5.5 months for the prediction to expire it is looking more and more like the Federal Reserve expansion of credit facilities and junk buying will maintain the asset values. At present, credit providers are likely to get paid twice (once by stimulus going to consumers to pay off bills and then again by purchasing of defaulted debts later on). + +**How are your bets down?** + +I didn't hedge and the primary losses were sustained in the drop in the Vix to today's monthly low. I also left some positions open overnight and they didn't decline on negative news but did increase wildly on positive sentiment. + +**Were any of the commenters right?** + +The original post had a ton of valuable and respectful discussion and was fun to write. + +Another use disagreed and he has turned out to be absolutely correct. Praise to u/green9206 and I owe him a beer. + +Several posters did comment that the Federal Reserve are likely to be successful. + +**Have any financial personalities blown your thesis away?** + +Well, yes. In particular [https://twitter.com/DiMartinoBooth/status/1250066951281532932?s=20](https://twitter.com/DiMartinoBooth/status/1250066951281532932?s=20) who quotes that predicts stocks hit all-time highs w/i year & that investors who fight new & improved Fed will get burned to a crisp as they’ve been assured they’ll be made whole by JaPo. + +**Why did you write such a long and intense post?** + +Good question. Mainly for the enjoyment. It forced me to be bold in my own predictions. It forced me to confront my own biases and it also forced a greater understanding of financial theory. Also, the comments forced me to admit the gaps in my ideas and it was a good thing to invest time in. + +**What do you think will happen next?** + +Honestly. I have no fucking idea. I comforted by the sheer amount of hedge fund managers, investors and analysts on Twitter saying the same thing. We are living through unprecedented, wildly volatile times. + +* The IMF is reporting that the [world is facing the heaviest blow since the Great Depression](https://www.imf.org/en/Publications/WEO/Issues/2020/04/14/weo-april-2020) with advanced economies shrinking 6.1% +* The UK's fiscal watchdog is reporting that the [UK will suffer a greater financial contraction than both the Spanish Flu epidemic and World War 1](https://www.ft.com/content/3525aedf-f873-4aac-bb08-f303f6ef0f37) combined. National output is plunging 35% and government borrowing is rising from 55Bn to 273Bn in 2021. +* Equities are trading at near 2019 levels... +* So I don't know. + +&#x200B; + + +Decentralized Exchange (DEX) on the Binance Smart Chain, its the Pancakeswap Version for all Weed Smokers - Get High & earn Money as Community 💸 + +100% Community based - we love Feature/Update/Pool Requests & just we just launched a lot ahead ! + +**🚀Join our Community 🚀** + +🌍 [Website](https://weedswap.io/) + +💬 [Telegram](https://t.me/weedswapdefichat) + +🐦 [Twitter](https://twitter.com/Weedswapdefi) + +💩 [Chart](https://poocoin.app/tokens/https://poocoin.app/tokens/0x4B4c5D87fa1aFE3365Fa1ee9cb6c38cC6FAB8fEf) + +🔎 [BSCScan link](https://bscscan.com/token/0x4b4c5d87fa1afe3365fa1ee9cb6c38cc6fab8fef) + +🚗 Roadmap 🚗 + +✅ TRENDING ON REDDIT/TELEGRAM + +✅ WEBSITE AND TWITTER LAUNCH + +✅ MORE DEVELOPERS HIRED + +✅ FIXED LAST OVERLAY BUGS + +✅ MOBILE & USER FRIENDLY WEBSITE + +🟢 MEDIUM BLOG & PUBLIC GITHUB (IN PROGRESS) + +🟢 CONTRACT AUDIT (IN PROGRESS) + +🟢 COINGECKO/COINMARKETCAP (IN PROGRESS) + +🟢 DAPP.COM/DAPPRADAR.COM (IN PROGRESS) + +🟢 NEW FARMING POOLS (DOGE/ETH/CAKE/IOTA & more (IN PROGRESS) + +🟢 BSC SCAN MC AND LOGO UPDATES PENDING (IN PROGRESS) + +🟢 MARKETING CAMPAIGNS (IN PROGRESS) + +🟢 WEBSITE UPDATES & LOTTERY FEATURE (IN PROGRESS) + +🟢 WHITE PAPER & DOCUMENTATION (IN PROGRESS) + +🟢 BOUNTY CAMPAIGN (MARKETING,DESIGNS,DAILY TASKS & MORE) + +🟢 CELEBRITY SHOUTOUTS (SNOOP DOG,ICE CUBE,TOMMY CHONG) (IN PROGRESS) + +🟡 NFT MARKETPLACE + BIG NAME ARTISTS (PLANNED) + +🟡 INITIAL FARMING OFFERS (PLANNED) + +🟡 & WAY MORE TO COME! + +[Let us Smoke one together ](https://weedswap.io/)🍁 +I have heard many people say ''If I had 500'000 I would buy an appartament and I would rent it'' + +My question is : why (in your opinion) a lot of people decide to buy appartaments and then rent them out instead of stock market? If you rent to Air BNB in some esotic places when you buy a big house for relativley cheap could you end up renting it for 300$ per week and make a lot of money? +Even their Medallion fund which is the huge quant cash cow fund has equity traders. Why are traders needed? Do they not algorithmically execute trades? + +I'm trying to understand why many quant funds have for example equity traders. Do they use quant to spit out trades and then execute by hand (human) instead of machine? +GameStop is listed in the new list published today for the Russell 1000 additions! + +Source: [https://content.ftserussell.com/sites/default/files/ru1000\_membershiplist\_20210628.pdf](https://content.ftserussell.com/sites/default/files/ru1000_membershiplist_20210628.pdf) + +Very pumped for Monday and every day thereafter!! +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! + +My [42] husband and I [42] are both doing well - we live below our means, have no mortgage on our primary home and have an income property that is cash flow positive, although it does still have a mortgage. + +In theory, we could be in our way to FIRE. + +But one of the things I’m hoping for is to end up quite rich, so that we can help set up our children (and maybe even grandchildren) for an easier life. Nothing insane, but I’d love if we could leave an inheritance in the couple of million dollar range total. + +Do you think that’s a crazy reason not to FIRE? +Is Tesla really worth 800 billion dollars or is this value merely based upon hype? What should be the reasonable value of Tesla considering it's growth and revenue +Finally beat the S&P 500 since I started investing in 2014! + +It’s all thanks to thetagang! + +My theta account is up 45% in 2021 solidly beating SPY! + +It was a good year for theta though and I don’t expect to beat it with regularity. +This is just like a public service announcement cause it took me totally off-guard. I have a margin account and just use it for thetagang stuff. This morning my phone buzzes because Fidelity closed my PMCC on TSLA, a huge position, to meet a "minimum margin" requirement of $2k. This is even though the PMCC is totally self-secured, and my other options were just a few leaps. + +This is what the CS rep says: spreads have to be done on margin and so I had to have at least $2k in cash or equities and the requirement is regulatory. I found it here: + +[https://www.sec.gov/oiea/investor-alerts-and-bulletins/ib\_marginaccount#:\~:text=Know%20the%20Margin%20Rules&text=Before%20trading%20on%20margin%2C%20FINRA,to%20deposit%20more%20than%20%242%2C000](https://www.sec.gov/oiea/investor-alerts-and-bulletins/ib_marginaccount#:~:text=Know%20the%20Margin%20Rules&text=Before%20trading%20on%20margin%2C%20FINRA,to%20deposit%20more%20than%20%242%2C000) + +This is even though the PMCC and leaps had no margin risk. The PMCC is self-secured because early exercise of the short call (unlikely, but could happen) would just trigger exercise of the leap. The other long options were just lottery tickets. So there was no margin risk, but the requirement is what it is and Fidelity opted to just close whatever position was available to meet the requirement. I'd apparently be out of compliance for 3 weeks but didn't receive any notification or call. + +The rep basically said it was my fault for not reading the fine print! It was extremely frustrating cause they could have let me know, either via message or calling before the forced liquidation (which is pretty stressful to see on one's account randomly). They could also not let me enter into the transaction that dropped the account below $2k, but no. + +Anyway, just thought if someone sees this it might avoid a similar situation. The only saving grace was that TSLA was in free-fall this morning. I actually re-entered almost the same spread and avoided some of the pain. +You know that classic attempt from a scammer to grab more money by asking their victims to send him more money, so he can send them their previously stolen money back? + +This is exactly what the whole Luna 2.0 situation feels like. People lost millions and now they are investing in a shitcoin in the hope to get that millions back. + +*But there was an airdrop!? So they don't invest?!* + +Yea, but in order for the coin to be worth something, other people will have to invest and put money into it, and there are people that are actively doing so. These are most likely the same people that already were invested in Luna before and want to make more gains to cover their losses. + +But they are gonna lose all of it. And there are already people celebrating the new blockchain by making claims like *biggest airdrop ever* or *most decentralized blockchain* etc. People will never learn... +What is the point of buying it with cash when you can leverage and cash out & re-finance and leverage again? + +&#x200B; + +I'd imagine the only situation where cash is good is when interest rates are high (some people seem to say 5 and up) and the prices crash a lot? +The question is probably debated nonstop on the internet but I feel like it’s entirely subjective. + +It keeps me up at night because I feel like after almost 2 years of some bad losses and lessons, I’ve finally become consistent and net positive trading. I just worry that there’s always the possibility that consistency will disappear at some point. + +I see all over the media that most forms of trading is a scam, you can’t beat just putting your cash in an index fund, blah blah blah. + +Insane amounts of negativity that can make you really second guess your achievements. + +But I’ve actually been consistent through both good and bad days in the market, with this year as an example. + +So my question is if there any veterans here that have found long-term success? I’d really like to hear your own thoughts, story, and journey. + +Thanks! +I'm in a situation where my current employer asked for three weeks notice instead of two, so I had to tell my new employer I wouldn't be able to start for three weeks. + +I was extremely worried about asking for three weeks instead of two at first, but a lot of people have told me it was extremely common that people ask for three weeks instead of two, and secretly only give two weeks notice with the intention of having a week between jobs off. + +My new employer was totally cool with it, and my old HR manager even said it looks good to the new company that I'm helping my manager out. But I wasn't sure it was that common. + +EDIT: Now I'm super bummed I didn't ask you guys for advice first before giving them a start date. Good thing is this new company has unlimited pto, so maybe in a few months, I can take a day or two off. And I'm definitely going to plan a vacation later this year. +Hey personalfinance, I’m 24 years old and have been working as an RN for 10 months, live with parents currently with minimal monthly expenses $300-400 a month. I was able to save $37k in 10 months and trying to decide if I should wait to buy a home or to jump in now. + +Currently 0 debt, no student loans, car paid off. + +I’m looking at houses in the $270-$300k range and would look to put 10% down. + +Currently putting 15% into 401k and my income can only go up from here, at about $85k a year currently. + +I do know my monthly expenses would rise significantly with owning a home, what should I do personalfinance? My parents don’t mind me staying, they don’t charge me rent I just help with chores around the house and groceries. + +Thanks. + +UPDATE + +Adding answered to these questions in OP, thought they were good + +1. ⁠Why would you want to own a home? Is your goal to move out of your parents house and have more independence? Are you trying to buy a home as an investment for the future? + +Yes I do want to own a home, not necessarily as an investment initially but a place to live for now, I would like more independence as I’ve never lived on my own + +2. ⁠Where are you in the country? Modesto, CA +Stanislaus county + +3. ⁠Do you have solid credit and money saved up? Can you afford a 25% down payment? Credit score near 800, currently can afford 10% down + +4. ⁠Are you single or in a serious long term relationship? And are you buying a forever home, or just something for the next few years? What's your timeline for this purchase? I’m in a long term relationship, been with my girlfriend for 2.5 years. This would be a 5-10 year home most likely + +5. ⁠Have you considered renting? If not, why not? +Yes, and it may be a better option for me in the coming year potentially. Some of the pros in my mind: independence, learning how to budget, cooking my own food, midway point to the full on home ownership + +Con: feel like I’m throwing away money + +Last edit: prequalified for $350k which I think is too much personally +Alright apes and apettes. Like the rest of you, I am jacked to the TITS after seeing the recent Gamestop [14A filing](https://gamestop.gcs-web.com/node/18846/html#toc122967_9). I wanted to see what the remaining float was and if retail ownership really could be over 100%. So what's the remaining float after insider and institutional ownership? + +&#x200B; + +**Outstanding Float** + +As per the 14A filing, there are 70,771,778 Gamestop shares outstanding. Institutional Ownership (minus Ryan Cohen's LLC) comes out to 32,433,338 . Insider Ownership (All Gamestop Directors and Officers as a group (20 persons)) comes out to 11,674,085.00 . + +&#x200B; + +* 70,771,778 (Outstanding Float) - 32,433,338 (Institutional) - 11,674,085 (Insider) = **26,664,355.00 Floating Stock** + +&#x200B; + +So I only took into account some of the most popular US Brokerages and tried to get the most recent data on the amount of users per platform (I have my sources down below). + +Obviously this is an incomplete data set as I left out a lot of brokerages, but assuming an average of 5 shares owned by all Gamestop owners from these top US brokerages, we own **104% of the float.** Remember this isn't taking into account non US brokerages and other US brokerages. + +&#x200B; + +**The Sheet** + +&#x200B; + +[Holy moly there is only 26.6 million float remaining for us to buy and hold?](https://preview.redd.it/w5ip8pwcdwu61.jpg?width=1103&format=pjpg&auto=webp&s=dadd3cba6d6d3cf19b2aa49b3278734aa3848743) + +Ok now here is where my data falls short (heh). I didn't delve too deep into how many users on each trading platform actually own Gamestop stock, so I used conservative estimates (at least I think these are conservative). If you guys have any insight on to the actual % of users on each platform that own Gamestop, please share. + +&#x200B; + +**What does this mean?** + +It means we fucking buy and hodl. Every trading day more and more apes are buying shares, with volume getting lower and lower. We easily own at least 100% of the float and there is no way it can be less when taking into account all brokerages and people that actually own Gamestop. Think about the people with xxx and even xxxx shares on this very subreddit. I personally think that the average shares per user is 15+ shares. + +&#x200B; + +**Fun fact**: If retail ownership averages to **100 shares per individual**, then we own **2089%** of the float. holy fucking moly. + +&#x200B; + +**Sources for Brokerage Total Users** + +I used brokerages' latest Assets Under Management data to get total users when I could. + +* [Interactive Brokers](https://investors.interactivebrokers.com/ir/main.php?file=latestEarningsPR) +* [Fidelity](https://www.fidelity.com/about-fidelity/our-company#:~:text=Who%20we%20serve,solutions%20to%20grow%20their%20businesses) +* [E\*Trade](https://www.brokerage-review.com/investing-firm/assets-under-management/etrade-aum.aspx) +* [Charles Schwab](https://www.aboutschwab.com/charles-schwab#:~:text=Today%2C%20the%20company%20has%20expanded,abroad%2C%20serving%2031.9%20million%20accounts) +* [TD Ameritrade](https://www.brokerage-review.com/investing-firm/assets-under-management/ameritrade-aum.aspx) +* [Webull](https://www.brokerage-review.com/investing-firm/assets-under-management/webull-aum.aspx) +* [Robinhood](https://www.statista.com/statistics/822176/number-of-users-robinhood/#:~:text=The%20number%20of%20users%20of,to%2013%20million%20in%202020) + +**Spreadsheet if you wanna add your own data, etc.** + +[**https://www.dropbox.com/s/q8iib79i5y089r5/Gamestop%20Retail%20Ownership%201.0.xlsx?dl=0**](https://www.dropbox.com/s/q8iib79i5y089r5/Gamestop%20Retail%20Ownership%201.0.xlsx?dl=0) + +Here is the spreadsheet I made. Please feel free to add your own brokerages and corresponding data on your own sheet. I would love to make a master spreadsheet with all known brokerages and user counts so we can see just how unfathomable retail ownership is and how deep the hedgies really are. + +&#x200B; + +&#x200B; + +**TLDR:** 🚀🌕🚀🌕🚀🌕🚀🌕🚀🌕🚀🌕 + +When I have more time and feel like procrastinating on school, I will try to expand this spreadsheet. + +&#x200B; + +&#x200B; + +Edit 1: Changed share link. I appreciate everyone that added other brokerages, even foreign ones! I'll add them once I get the chance. +Hello ! + +I've been doing a bit of value investing over the last year, and I've done fairly well with a few big winners like NVDA, AMD, Timely entry and exit in BooHoo. + +I'm trading within my Hargreaves Lansdown S&S ISA, for the tax advantage I get on any gains. + +My issues/questions; + +- HL doesn't list a number of shares that I'm interested in, mostly on the NASDAQ. + +- HL has FX conversion fees that can eat smaller profits up. + +- HL has a stock trading fee that's in excess of what you can expect on some other platforms that aren't in an ISA wrapper. + +So - does anyone trade/invest within their ISA account, with broad access to global markets with minimum fees ? And would you recommend the platform if you do this ? + +(I appreciate that this is a question about trading platforms, but it's more a broad question as to whether trading/investing within an ISA wrapper is practical !) + +Many thanks ! +I did hear once can get a credit line on portfolio of shares. I'm just wondering what sort of amount one needs in a portfolio and also whom would issue the line of credit. +I can see I have this sort of option in IG (collateral tiers), but I've failed to understand it completely. +Just starting a conversation for all UK investors who have been beaten by the local market in the last few years. Is this a sign, with the positive news of the vaccine and Brexit finally done, that we will see some positive run of the FTSE. +Do you think that FTSE 100 can outperform the S&P 500 this year? +With 10 years of US out-performance behind us, it feels like there should be a UCITS compliant product out there like VXUS or VEU, for those of us who want to bet against the US. I’m amazed there doesn’t seem to be one. + +Does anyone have any suggestions for a low-cost strategy to achieve this in the UK? +Just got an email from Trading212, "Amendments to Legal Documents". + +Reading the changes, T212 are going to start lending users' shares to third parties (e.g. for short selling). There is no way to opt out. + +Something to bear in mind if you're not comfortable with that. +Hi all!! + +I’m setting up a monthly contribution into my ISA to be earmarked for helping my girls (3 and 1) in the future (house deposits, uni, whatever I feel is useful). It’s gonna be a £5k lump sum and then £150 a month (basically the child benefit we get for them). I want something medium risk. + +I have been scouring this forum and have come up with these 2 funds. What does everyone think to splitting 50/50 between... + +Vanguard FTSE Global all cap index + +Baillie Gifford Positive Change + +I like the idea of their money going towards ethical companies as well as being well spread out to mitigate specific industry crashes. +Hello ! + +I've been doing a bit of value investing over the last year, and I've done fairly well with a few big winners like NVDA, AMD, Timely entry and exit in BooHoo. + +I'm trading within my Hargreaves Lansdown S&S ISA, for the tax advantage I get on any gains. + +My issues/questions; + +- HL doesn't list a number of shares that I'm interested in, mostly on the NASDAQ. + +- HL has FX conversion fees that can eat smaller profits up. + +- HL has a stock trading fee that's in excess of what you can expect on some other platforms that aren't in an ISA wrapper. + +So - does anyone trade/invest within their ISA account, with broad access to global markets with minimum fees ? And would you recommend the platform if you do this ? + +(I appreciate that this is a question about trading platforms, but it's more a broad question as to whether trading/investing within an ISA wrapper is practical !) + +Many thanks ! +As the title says, I wanted to buy some Oatly stocks, but couldn't. I called my broker (IWeb) who explained that this is not down to them, but that the UK government prohibits the purchase of some stocks in ISAs and I would need to purchase through my regular share dealing account. + +I have googled for an answer, but I can't find any relevant information. + +Can anyone confirm that this is indeed not the decision of Iweb but common practice and explain the reasoning behind this from the government? please note I have already completed US trading paperwork like 8Ben. + +many thanks +Happy long weekend r/AusFinance + +Has anyone had the experience of tenants still being in a property from the previous owner and they have yet to move out? +What was the out come? + +I've bought, the deposit has been sent, I have the receipt, my solicitor is proceeding like normal. I was told early on about the difficulty during lockdown finding a place for the tenants to move to. +We haven't heard back from the real estate this week after enquiring how the search is going. +I guess I have no choice but to book removalists, change energy addresses etc. + +Or do I have other options? +So I am trying to buy my first home. + +11 months ago, I went to IKEA and took photos of the prices on displays (to form a budget if we were to buy our furniture new). I just made the mistake of checking back online, and HOLY CRAP, the prices have risen astronomically. + +For example: +* The FRIHETEN black sofa bed was $949, now $1299 (37% rise) +* The EKEDALEN oak extendable dining table was $299, now $499 (66% rise) + +Ikea is only one example but how does this feasibly happen over the course of one year if inflation was only 7%? Will it ever go back down? + +Just another kick in the face to anyone trying to enter the property market… +A short while back, we received our annual notice that it's time to renew our lease. It came with a whopping 8% increase. I went to the office and asked if they would reconsider. We've been good tenants for almost five years. + +The complex manager called the corporate office, and they offered me a 4% increase instead. In addition, they said I only had 48 hours for that rate to remain in effect. + +At this point, I was resigned to taking the deal, but told them I was looking at a couple of other places over the weekend and would let them know. Later that day, they called with a new offer - a 10 month lease with no rent increase. + +Just asking saved me $1740 over that 10 month period. I'm fully expecting them to come back asking for more money after 10 months, but I'm saving up just in case so we'll have options and be able to move if we so choose. +No inauguration today so Citron *may* be able to pull their shit together for 11:30am + +[Seeking Alpha put out some retard level DD](https://seekingalpha.com/article/4400102-gamestop-ryan-cohens-next-chewy) + +[Chillman Boomer is calling us out](https://www.reddit.com/r/wallstreetbets/comments/l1wxey/cramer_challenges_wsb/) + +[And there's the fancy new WSB Mod twitter](https://twitter.com/wsbmod) + +Enjoy. +I would be extremely appreciative if someone could very guide me through the steps I should take to invest this money in ETF's with the intention of continuing to invest $250 monthly thereafter. + +I'm 25, based in Canada, will receive the $7,000 in a few instalments and would like to invest $250 monthly thereafter for at least the next 20-30 years. + +I've been looking at the Questrade and the Wealthsimple app, which one makes more sense for my situation? Do either of these apps have an option of automatically taking $250 out of my bank account and investing it back in the ETF? Lastly, the big question is obviously which ETF should I invest in? I was looking at XEQT. Is there a more recommended ETF? + +Is it as easy as? + +1. Download one of the apps +2. Transfer/deposit $7,000 into the app +3. Purchase $7,000 of XEQT or other recommendation +4. Continue purchasing $250 of XEQT or other recommendation every month? + +Please let me know if I’m missing any steps! + +Sorry for the basic questions but I hope you understand my situation and that I really appreciate any help! +I've been thinking about starting to invest for some time and I think now is a good time, because I've finished university recently and have become employed full time and I would appreciate any sort help on this matter. + +**About me:** + +* I'm 24 years old software engineer from Slovenia +* Income: **1300€** net (post-tax) +* Expenses: around **500€** \+- per month + * rent: 200€ + * food: 200€ + * misc: 100€ (expenses such as medical insurance, etc.) +* No car (don't plan on getting one for the next 2-3 years) +* No dept of any kind +* No wife / kids that I would need to take care of, however this will likely change in the next 5-6 years +* Emergency fund: **6000€** (approx 12 months) +* Savings: **10k €** + +On top of my current savings, according to my expenses that I've been tracking over the past couple of months, I'll be able save around **800€** per month. Now, I don't have much clue what to do with this. + +From my poor understanding on the matter, I should initially invest a portion of my current savings, either in a one time effort or spread out over the next couple of months. And after that I'd plan to continue investing a portion of what I save each month from my pay check on a monthly basis. **ETFs** seem to be the preferred way to go about this. + +I'm interested in investing for the long term as my country has tax laws that benefit this (if you own said assets for a period of 20 years or longer, you aren't taxed at all upon sale and the tax reductions start at the 10 year mark). Also, if I understood correctly, based on my countries tax laws I would only be taxed on dividends that I actually receive so I'm assuming an **accumulating ETF** would be a better choice for me (however, I have to investigate this further). + +As far as investment platforms go, I've been looking at **Interactive Brokers** and **Trading212**. I see people here go for both, but I can't seem to work out which would benefit me more, so help would be appreciated here. Also, DeGiro is not available in my country. + +I know questions like these are asked quite often and I've been reading a lot about finances lately but I still feel very new to all of it so I thought I'd ask here anyways. **Does anyone have any recommendations, such as how to go about this, how should I spread my savings across investments, which ETFs should I look into and which trading platform to choose, etc?** + +I'd appreciate any kind of help as this is both very overwhelming and somewhat scary with no prior experience, + +Kind regards. +Good Afternoon ! + +Welcome to another week of trying to figure out, what GME will do... + +This week I want to go over our final week of futures anomaly theory and what I expect moving forward also some technical analysis of GME and the prevailing market conditions. + +I will live stream a walkthrough of this [DD of this on my YouTube](https://youtu.be/0JJgjOZtdxs) for those of you that don't have the time to read through this, or have visual impairments/reading comprehension issues. Then do a quick Q&A for about 15minutes. It will also be archived for future viewing. This will be on at... + +9:30pm EDT/UTC-4 + +# Part I: Futures Fails Week 2 Analysis + +If you are not already familiar with my Futures Cycle Theory check out these links for additional information. + +[YouTube Playlist](https://www.youtube.com/playlist?list=PLLZAlefVs0gLbEkYf-_6uBnmqCBnkNMpC) + +Reddit Links + +[Breakdown of the whole theory](https://www.reddit.com/r/Superstonk/comments/prmmrt/futures_breakdown_and_forward_looking_ta_for_the/) + +[Extra clarification](https://www.reddit.com/r/Superstonk/comments/q2k41b/futures_explanation_and_jerkin_it_with_gherkinit/) + +So what happened this week to keep me confident that this theory remains in effect and will continue to play out over the coming months? Well not a lot, unfortunately but maybe enough. + +On our second fail date which fell on the 21st I expected to see a fairly strong push to the upside and a decent amount of FTDs needing to be covered at least significantly more than were covered on the previous fail date on October 13th. This didn't happen. + +Here is what happened. + +We started the day off strong with no short pressure or ITM puts that indicate FTDs are covered. + +Slow steady buy pressure driving the price up on low volume. Immediately upon testing 190 shorting began. Steady OTC sell orders all the way down to 181 at which point a sell wall was erected at 185, and 800k volume **(50% of the days total volume)** was traded **in just** **25 minutes** with the price action boxed in by this sell wall in order to keep the price from jumping the ask. + +So while we didn't see the price improvement I was hoping for I think we did see the necessary FTDs covered. + +[10\/21 GME Chart 5m Timescale](https://preview.redd.it/fxrtwp89hgv71.png?width=1600&format=png&auto=webp&s=ddf77fc03a49a49f2682b256f8bf73d99596384f) + +# Part II: Futures Fails Week 3 Expectations + +Not much, honestly I think based on the amount of shorting that occurred on Friday that there FTDs for the remainder of this anomaly are cleared. + +There will still be some FTDs Tuesday on the 26th and gamma exposure, but it looks like we are running closer to last October's anomaly. + +This is what October 2020 looked like. + +[October 2020 Anomaly peak realized on the 2nd fail](https://preview.redd.it/0zkkg5vkrgv71.png?width=1601&format=png&auto=webp&s=9d33b6492c993741f265d42eb9bc09d03c1d6822) + +[October 2021 Anomaly peak also realized on the 2nd fail](https://preview.redd.it/ez8mguntrgv71.png?width=1612&format=png&auto=webp&s=c6e3964b221dee4964fd99be14565f74d8896e22) + +So I did not expect these to track so closely with one another I thought our current price and illiquidity would definitely mean more volatility and potential upside. + +However it does appear that they are done covering, and that tracks with the previous years cycle (I think I know why...more later) and I expect we won't see a lot until the next cycle in January. + +# Part III: Wen Moon? + +Well if this thesis remains true, as I believe it does, this points to the next significant day of price action out on the 23/24 (T+2/3) of November during the settlement for the ETF quarterlies and GME monthlies. + +As seen previously on these days in the past. This also corresponds with the SLD cycles pointed out by u/PWNWTFBBQ and u/Leenixus. + +These overlaps have happened several times in the past and I expect they will continue as they seem unavoidable. + +[ETF Quarterly\/GME Monthly\/SLD Clusterfuck Dates](https://preview.redd.it/alfe5dxftgv71.png?width=1601&format=png&auto=webp&s=e9fd39fc928a0c1e5efa1421cd3e36a5cba3dd23) + +# Part IV: January's Perfect Weather for MOASS + +I found something out this week that I had glanced over in the past and I think I now know what adds that extra edge to January that I missed while looking at this over the last couple months. + +ETF LEAPS Expire Twice within the Futures Window + +[ETF LEAPS expire in Dec\/Jan\/June](https://preview.redd.it/t6ed3ic5vgv71.png?width=1042&format=png&auto=webp&s=b583275845899c5401c58ddbdefbaf436f0abf6e) + +Well...In June these expirations marked GME's only green days in a sea of red from share offerings and ETF rebalances. + +https://preview.redd.it/p2c3d5tqvgv71.png?width=1601&format=png&auto=webp&s=655bb7faf729f5745e1c033f64d87b61d1146683 + +But within the Dec/Jan futures cycle they will expire twice + +[Perfect Storm of Violent Upside Potential](https://preview.redd.it/isv8mazyxgv71.png?width=1598&format=png&auto=webp&s=e306be361f858282ec02c46218a887aeb625e203) + +I currently think January is the **highest probability window for a short squeeze**. + +&#x200B; + +* November kicks off the cycle with ETF/GME/SLD action +* Futures are rolled or failed (likely, Variance Swaps thanks to u/mauerastronaut and u/Zinko83) +* Without a share offering or ETF rebalance I expect FTD count to be higher +* More time for shares to be DRS'd increasing baseline FTDs +* ETF LEAPS expire in December propping up price action during a normally downward trending period. +* T+35 FTD windows continue to prop up price action moving into the GME + ETF LEAP expiration at the End of January + +&#x200B; + +* **This period represents exposure to GME from every angle ETFs, SLD, Futures/Swaps, Options(monthly, quarterly, and LEAPS), massive exposure for MM's and AP's, and due to rising prices also on** **any active short positions.** + +&#x200B; + +* It all happens over the course of 44 trading days, meaning there is little time for the to drive the price down before getting hammered again. +* It starts T+35 from October 21st...in 22 trading days + +This is likely the reason January of last year was so much more pronounced vs. the subsequent run ups. + +It is also the reason it is likely this year will be as well. + +[ The driving force behind these futures cycles ](https://preview.redd.it/5bvxv6ua8hv71.png?width=1628&format=png&auto=webp&s=25160ff222a61eb90501336191aab1b608d3e0fb) + +**TLDR;** + +**READ THIS WHOLE THING AGAIN BECAUSE IT'S BULLISH AF** + +# Part V: Technical Analysis + +It appears that GME has realized a small bounce on the lower support as of Friday. + +I expect we can move up to the top trend of that wedge due to gamma exposure (T+2) Tuesday. If we break above it that could be interesting... The rest of the week I expect an adherence to max pain, which I will update daily. + +The next 22 trading days look pretty uneventful currently so I will be leaving out our usual tracking of oscillators until some significant price action is expected. + +[Current long-term trend analysis for GME ](https://preview.redd.it/hdzvjfj65hv71.png?width=2456&format=png&auto=webp&s=49cb1dcf427122bff8deb70c613ce618f30cb960) + +# Part VI: The Market + +The market has roared back over the last couple weeks. SPY is breaking back above 450 and looking like it's going to continue moving out of tit's current accumulation and regain it's previous long-term trend. Regardless of inflation, fears in the Chinese markets, tapering, debt ceiling, and employment issues. + +https://preview.redd.it/kpel2rjm6hv71.png?width=640&format=png&auto=webp&s=f2ac8aadb58c692e84e735b09a838e3b2c812ba7 + +&#x200B; + +[SPY on the 1D](https://preview.redd.it/7m66l6rs6hv71.png?width=1603&format=png&auto=webp&s=9857e1bc0893010f083e2d54a82137b47c341fd4) + +Oh and the Schiller Index up of course... bubble here we come + +[Shiller up .62 over last week](https://preview.redd.it/1x7xaazx6hv71.png?width=930&format=png&auto=webp&s=459abac59e36f23c84d2103ffa30e4a73d658b00) + +# Part VII: Conclusion + +I'm not expecting a lot of action on GME over the next 5 weeks I will continue to track intraday price movement over on my stream but it looks like FTDs for this portion of the Cycle have been resolved. We can expect some gamma exposure Tuesday and possible price improvement, due to the massive shorting that went on last Friday. + +The market looks good for the moment and GME will need the support of a stable market for the next couple weeks Ideally holding at least that low support of 162.50. For those of you looking for a dip to pick up more shares the average GME holders cost basis is somewhere between 162.50 and 196, so any price in that range is good. If we break down below 162.50 that's actually a fire sale. + +If you want to see more information on this subject matter feel free to join me in the : + +Daily Live charting (always under my profile [u/gherkinit](https://www.reddit.com/u/gherkinit/)) from 8:45am - 4pm EDT on trading days + +on my [YouTube Live Stream](https://www.youtube.com/c/PickleFinancial) from 9am - 4pm EDT on trading days + +or check out the [Discord](https://discord.gg/BGmjnrvHnw) for more stuff with fellow apes + +**As always thanks for following along.** + +🦍❤️ + +\- Gherkinit + +**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.* 😁 + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and want to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +I know this is ausfinance and we all earn more than $200k+.... + +But, with the topic of recession on everyone's mind, it begs the question: is anyone feeling the pinch or struggling financially? + +From what I can see, the job market is booming and there doesn't seem much risk of a recession. Yes, rents are high, food prices have gone up, and petrol as well (lowering real incomes). But since the job market is hot, those costs seem manageable. That's unlike a situation when everyone is losing their jobs, which typically signals a recession (i.e. GFC or early-2020 COVID). + +Used/new car prices are still elevated, showing evidence of strong demand which favours a strong economy as well. + +The construction and mining sectors appear to be strong as well... + +But what do I know. + +Can anyone see any pending real-time cracks? + +Perhaps I'm somewhat out-of-touch with what's really going on... +# We may be early, but we are not wrong. + +We're seeing posts today about how [UK Pension funds hit with $100 million margin call](https://www.reddit.com/r/Superstonk/comments/xqdcg4/uk_pension_fund_hit_with_100_million_margin_call/) ([Sauce](https://www.risk.net/derivatives/7954682/uk-pensions-hit-with-ps100m-margin-calls-as-gilts-and-sterling-slide)) and these **pension** portfolios requested **emergency capital** to **keep positions open**: + +>UK **pension funds** have been hit with variation **margin calls of as much as £100 million** ($107 million) each, after sharp falls in gilts and sterling pushed mark-to-market valuations on derivatives and leveraged repo positions heavily against them. Simeon Willis, chief investment officer of consultancy XPS Pensions Group, says he knows of three different fund managers running **pooled pension portfolios that have requested emergency capital from clients to keep positions open**. +> +>[UK pensions hit with £100m margin calls as gilts and sterling slide (Risk.net)](https://www.risk.net/derivatives/7954682/uk-pensions-hit-with-ps100m-margin-calls-as-gilts-and-sterling-slide) + +# 🤔 Pensions trying to keep positions open? What's going on??? + +We also see news about how [Pension funds would have faced 'mass defaults' today without BoE action (Yahoo News UK)](https://uk.news.yahoo.com/pension-funds-collapsed-today-without-160400752.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAALv_0ulam-bYuC9bp9KDv7ESx-Jpo4QDO9NdFO00_LMVxjhxwhq_xCEGcxncY75bGwZM1zDaz5ZuFuxeaYJhu0UIV0HL_D5GhDPyXWIPStb1biNhyuN0Enn-8hPDkobztR9fmuAKsWKv7sd9hTXxbugV9ep8CWU7Fz9rx4rbrKSU) and [Mass insolvency of pension funds would have happened TODAY - Bank of England 'had to act' (Express UK)](https://www.express.co.uk/news/politics/1675314/Bank-of-England-long-term-debt-bonds-pound-sterling-uk-financial-crisis-latest-update): + +>The [Bank of England](https://www.express.co.uk/latest/bank-of-england) was forced to take emergency action in a desperate attempt to stabilise the UK economy to stop mass insolvencies of pension funds today, it has been claimed. Earlier today, the BoE announced it would be carrying out "**temporary purchases of long-dated UK government bonds**" +> +>... +> +>"Had they not intervened, there would have been **mass insolvencies of pension funds** by THIS AFTERNOON." + +So, the Bank of England saw the potential for **mass insolvencies of pension funds** and decided to purchase long-dated UK government bonds in a bailout (see also, [Reuters](https://www.reuters.com/world/uk/why-is-bank-england-acting-again-what-next-uk-crisis-2022-09-28/)). (Unsurprisingly, SuperStonk apes caught onto this news too: [The Bank of England will carry out temporary purchases of long-dated UK government bonds from 28 September until 14th October](https://www.reddit.com/r/Superstonk/comments/xq99nb/the_bank_of_england_will_carry_out_temporary/).) + +**Pensions** caught my eye because apes (including myself) have been warning about how the SEC allowed the OCC unlimited access to money in **pension funds** and **insurance companies** (see [The Fox is Guarding the Hen House: The SEC is allowing the OCC unlimited access to money in pension funds and insurance companies, Sept 3, 2022](https://www.reddit.com/r/Superstonk/comments/x56h7d/the_fox_is_guarding_the_hen_house_the_sec_is/) and apes even tried to [COMMENT TO THE SEC: Don't let the OCC use Main St money to pay off degenerate Wall St gambling debts! Aug 9, 2022](https://www.reddit.com/r/Superstonk/comments/wkfgbu/comment_to_the_sec_dont_let_the_occ_use_main_st/)**)** + +Interestingly, pension funds in England are having a particularly bad time right now. England is part of the United Kingdom where rehypothecation is *unlimited*. (See [The (sizable) Role of Rehypothecation in the Shadow Banking System](https://www.imf.org/external/pubs/ft/wp/2010/wp10172.pdf), a 2010 IMF Working Paper, and my prior post on this [Estimating Excess GME Share Liquidity From Borrow Data & Churn Factor 🤯](https://www.reddit.com/r/Superstonk/comments/xorwoi/estimating_excess_gme_share_liquidity_from_borrow/).) + +[The \(sizable\) Role of Rehypothecation in the Shadow Banking System \[pg 4\]](https://preview.redd.it/vsx99qtvtnq91.png?width=1696&format=png&auto=webp&s=89a0c88d6ba83fd2108da9ed91d8e46904338eb2) + +Rehypothecation is when posted collateral (say, from a hedge fund to its prime broker) is used again as collateral by the prime broker for its own funding. + +[The \(sizable\) Role of Rehypothecation in the Shadow Banking System \[Abstract\]](https://preview.redd.it/l7wjrb3bunq91.png?width=1772&format=png&auto=webp&s=0fa1b4a78bc98278229cb82f47d1ebe8c5e7e26f) + +This type of double-counting could be particularly problematic if the same assets are counted over and over again possibly [from 4x up to 10x as explained in my prior post](https://www.reddit.com/r/Superstonk/comments/xorwoi/estimating_excess_gme_share_liquidity_from_borrow/). That's a huge house of cards built by hedge funds, pension funds and insurance companies teetering on the brink of collapse. + +[The \(sizable\) Role of Rehypothecation in the Shadow Banking System \[pg 6\]](https://preview.redd.it/ys6n6hn4vnq91.png?width=1704&format=png&auto=webp&s=daf85fb8fbf2a9bef7f2f2a0056ee48a96fb4b70)