diff --git "a/reddit_finance_43_250k_180.txt" "b/reddit_finance_43_250k_180.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_180.txt" @@ -0,0 +1,10000 @@ +Now I have been sitting here quietly watching and commenting and shitposting for a few months now having watched my graphs and having seen the discrepancy of ownership and short interest but guess what people can argue those points. People can say the 172 to 372 price hike still on td ameritrade end of March graph was a bug the random 600 million share volume at certain prices were a bug. They can say that well other stocks are over 100% ownership. Other stocks are heavily shorted. The bonds market this the market crash that. + +But guess what apes (I wasn’t probably the first one to find this but I sure as fuck am going to be driving this home today tomorrow and everyday after) there is not one single other stock that has behaved as gme has on the obv scale. Now I tell you this with literally 100 plus market relevant stocks from all the meme stocks to all major commodities to tech stocks to small market cap stocks to even the sundial and palantr stocks even good old silver. But for the photos I will cover here I only want to cover a few extremely relevant stocks (I feel) and a market standard or two if you truly question that there is a stock out there similar to gme on this level please feel free to check obv on the 15000 tickers I give you my blessing. I spent days looking for one my self and couldn’t find one hence this post you find one call me out I will Venmo you a cookie.(it doesn’t exist you get no cookie) + +For a few more of my smooth brains out there asking what exactly is implied by the obv when they see it in the photo. The obv measure past action as in its real not a forecast or a guess or a average it is past data. You can fucking mine it it is concrete. What it does is cover the volume compared to price increases and decreases. What the obv is clearly saying in gme case is we are tethered to a price higher then our already ATM and that when the wave of buying pressure comes in they will constantly be pushing the obv higher and tethering us to hirer prices. Tendie town is now literally a self fulfilling prophecy. + +EDIT sorry it posted the tickers twice. + +EDIT# 2 I was going to post all meme stocks but they literally all follow obv you can look them up if you don’t believe me. + +Edit #3 make sure to scroll through the three double posted tickers to get to the GameStop website ticker for the last cherry of confirmation bias + +[Gme compared to other stocks obv. plus a little bonus](https://imgur.com/gallery/nPI4Co6 + + + +Edit#4 forgot parsar shows instant reverse to 206. Also extremely over sold on 90 day chart for rsi and stochastic + + +Edit#7 to people saying I am shilling this that the other because I am not for amc anymore. Let me be clear I think amc will squeeze as well. But ta for amc and the short positions for amc and the fact that Wanda is openly unwinding and that amc wants to issue 500mil shares and amc is serious fucking debt tied to a covid play and can be shut down at any moment is why I don’t believe it will do anything like gme. I had said if you didn’t want your confirmation bias fucked with leave. I didn’t even want to post this but yal spam protecting amc. And the icing on the cake is gme and amc have decoupled eachother on the obv showing to me on a past tense measure beyond gme turning around cash heavy big management change management that cares a solid non covid new infrastructure play amc just isn’t like gme. Gme with go to untold fucking places and amc IN MY FUCKINg OPINION BASED ON THE AFFOREMENTiONED IS THAT. Also Jordan was pumping amc then went on treys crush amc down then crush gme just feels like amc is a distraction they have ammo in and the obv shows they have no ammo in gme + + +[Gme compared to other stocks obv. plus a little bonus](https://imgur.com/gallery/nPI4Co6) + +Last fucking edit if any one is trying to argue in the comments about this only being a 300% short problem instead of a 420% short problem that number one shows you they are shill number two trying to spread doubt when both positions are equally fucked + + +Been getting slack adding a few links here is finra for finra ownership go to shareholders tab +https://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=126%3A0P000002CH&sdkVersion=2.59.0 +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. +I know a lot of folks in this sub have been seeing a lot of red lately. A word of caution for those expecting it to turn around - don't expect it in the near-term. Even ignoring the news - Yellen's comments on interest rates today, for example - the big boys are likely to be defensively positioned for the next 3-6 months. + +To grasp why, well, always look to the left - preferably far to the left - to gauge overall market conditions. Let's take a look at the log-scaled monthly charts (newer traders - this is a useful tip for gauging long-term trends - if a stock has been getting exponential gains, look at trends in log scale). Virtually the entire market is looking over-stretched, and the small caps and tech plays are particularly overstretched right now. + +**Russell 2000 Monthly (Highest volatility/risk)** + +https://preview.redd.it/816d70hw45x61.png?width=1630&format=png&auto=webp&s=0f85efd17688183633e7f6801cff41f5f9b23887 + +**Nasdaq Monthly (Mid-high risk)** + +https://preview.redd.it/ixbae25k55x61.png?width=1635&format=png&auto=webp&s=e9f5f91187d77a48dda05b2ef1c00dc14c1bfbb3 + +**S&P 500 Monthly (mid-risk)** + +https://preview.redd.it/nr92k6st55x61.png?width=1634&format=png&auto=webp&s=9618bc4194c5ac55dce9462a32ef63d3b276e7cc + +**Dow Jones Industrials (Mid risk)** + +https://preview.redd.it/y96n9ul965x61.png?width=1633&format=png&auto=webp&s=1042c50c409e04867103212f9020be7c63cf8abf + +The key thing to keep in mind is how far price levels are from the overall long-term trend. That's going to be a good signal of the overall risk-on vs. risk-off appetite of the market, particularly over the next couple quarters. Right now we are shifting from risk-on to risk-off, and the shift is likely to continue for a little while. Overall, small-caps (and especially micro-caps) are a really bad place to be relative to other companies, and will likely continue to be so through at least the end of the summer (and I'd bet on mid-Q4). + +A little on fundamentals to think about too: + +1. We are moving from a very loose credit environment to a slightly tighter credit environment. That means micro-caps especially will be more incentivized to raise funds through equity offerings rather than taking on new debt. Which means toxic funder dilution, which is usually terrible for share prices in micro-caps. +2. A lot of recovery plays are starting to look overbought as well, at least relative to how quickly things will open up internationally. I was bullish on airlines and hospitality, for instance, a few months ago, I'm a bit less so now. This may also be part of why the Dow looks more overstretched than the S&P, and comparable to the Nasdaq, which is fairly unusual. + +So, where to park your money? Right now, I'd recommend looking defensively: + +1. Metals/Mining stocks - both GDX and SLV are in the handles of long term cup-and-handle formations, so they should be safe bets for now. Mining also has a tendency to lag industrials because of lag times in profits/indicators - the industrial indicators spike, driving the metal prices up, which drives mining profits up, but also incentivizes more mining, which can trigger a correction. (For pennies, I like $FTSSF - First Cobalt, which is making a lot of technical progress and getting lots of strategic investment from US/Canada because of China's rare earth refining dominance) +2. Utilities - boring, I know, but increased industrial/commercial output leads to increased energy consumption, which is what drives utilities profits. And the utilities market is still off of its peak. +3. Latin America/Brazil - overall the market here is looking quite undervalued, and Brazil has a lot of mining (Vale is a big driver of the EWZ etf, for example) and food/bev exports, etc. Plus, Bolsonaro's slow response has led to excessive investor trepidation about Brazil, which makes it a rare undervalued sector. (**Note:** weirdly, India appears to be fully valued or overstretched, perhaps because of a more robust foreign aid response, but also probably because of broader MSCI-Asia funds flowing to China are also flowing to India, so Indian asset prices benefit because of China's apparently successful COVID containment). +I’ve met a few folks in cr that have moved from the US/AUS and have purchased beach homes they then rent out during the month. I would love to do this and am looking for more info and advice. I love surfing and was thinking of a place in tamarindo or longosta. I understood that you need an LLC to buy property. My plan is to get a place, rent it, and make it available for myself/family for two week blocks every three months so I can come down, surf, enjoy the area, then go back to work in California. Anyone else doing this or something similar? + +1. Where is your property located? +2. How much was it, bedrooms, baths? +3. Did you finance it or pay cash? What was your interest rate? +4. How often do you find it difficult to rent it out? +5. Do you have a management company manage the place? +6. Do you see it as an investment or vacation home? Both? +A lot of companies got absolutely destroyed in stock price this year. Which canadian shipwreck are you watching for a potential bounce in 2023 ? Here are some of my picks. + +$AQN: Algonquin Power & Utilities Corp + +Once a dividend investor darling, it is now the most oversold it has ever been since going public, total destruction ! Debt, huge acquisition and a potential dividend cut are things to be aware of. + +$NWH: NorthWest Healthcare Properties REIT + +This medical properties REIT got decimated lately. Canadian real estate bubble( though they also have real estate in other countries), huge insider sell lately. Also the price seems to follow its cousin in the u.s $MPW (except lately). + +$SHOP: Shopify + +Once the number one in marketcap size in Canada (Royal Bank curse), this has pretty much crumbled with tech. + +What are the disasters you are watching for 2023? +“Everybody seems to know when long-term interest rates rise you don’t buy long-duration bonds. But what people forget is you also don’t want to buy long-duration equities,” Bernstein, CEO and CIO of Richard Bernstein Advisors, told CNBC’s “[Trading Nation](https://www.cnbc.com/trading-nation/)” on Wednesday. “What’s a long-duration equity? Simply put, it’s one with a high P/E \[price-to-earnings ratio\].” + +“There were tons of promises made about what the future was going to look like. Those promises came true between 2000 and 2010. Largely, they came true,” he said. “But the tech sector gave you negative absolute returns for a decade.” + +“I don’t think too many tech investors today are prepared for negative absolute returns for three, five or 10 years,” he said. + +“If the nominal economy is getting stronger, you want stocks that are going to be very sensitive to that improvement in nominal economy,” Bernstein said. “That outlook for the next several years is probably going to favor cyclicals over more secular growers.” + +[https://www.cnbc.com/2021/03/17/big-tech-faces-way-more-than-10percent-downside-investor-rich-bernstein.html](https://www.cnbc.com/2021/03/17/big-tech-faces-way-more-than-10percent-downside-investor-rich-bernstein.html) +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. +Confirming what others have posted. I spoke at length with an advisor with TDAmeritrade. I was told my shares could be lent out because I have a margin account even though I am not currently utilizing any of my margin to hold GME or any other positions (if that was a thing anymore). Interestingly they have restricted trading GME using margin so the bastard will lend my shares to someone to short AKA an IOU but my IOU isn’t good enough for them anymore!!!!!! + +So I converted back to a cash account to ensure my shares are not being lent out. + +This is not financial advice or a suggestion what to do with your personal account. + +Edit 1: to be clear this is about Margin accounts. Not margarine 🧈. Please do not call your broker demanding to convert your account back to butter 🧈 + +Edit 2: thanks to u/vertania_III for commenting this. If you're on the mobile app, tap the three dots on your dashboard screen, then My Profile. It will have a tab for Margin Trading, and if you haven't enabled it yet, it will say "apply to upgrade to margin trading." + +Edit 3: I know this is by no means new information. Just adding additional confirmation to what others have posted. I also am not of the opinion the multiple answers from the same broker is intentional or part of a conspiracy. I believe they hear 🦍 try to explain this concern in a wide range of articulation from grunting to polished English which translates in their head to this 🦍 wants to ensure if their shares are being lent out it doesn’t prevent them from selling when they want to which it doesn’t. +I've never learnt how to properly manage my food expenses :( + +20%-30% of my income goes to food.. what a waste. + +For groceries.. i try not to impulse buy but sometimes i can't help it. And since I'm living on my own, It's hard to buy just little bit of stuffs.. (I live in Canada so groceries is pretty expensive in general) + +Like if i cook... i spend like $50 at least just to cook food that will last me 2 meals. + +I also dine out a lot with friends for night out.. + +How can I change my habit and manage my food expense better? Please help...... 😞 Thanks + + +Edit: I didn't know my post would blew up like this! Thanks for replying everyone. I was just really frustrated yesterday before i went to bed. +Thought i would add some more details. +I never plan what to buy for groceries, and I do groceries whenever I am craving something, or when I feel like I don't have nothing to eat at home(Funny cuz I spend so much money but I always feel like there's nothing to eat in my fridge). +Meal prep idea sounds promising, but is the idea to cook everything on the weekend and freeze them all? Is there any good Tupperware that you guys would recommend for freezing meal preps? +Thanks again! I haven't been able to check all the comments yet 🙏 +I’ve purchased ticker data in CSV format for 100+ stocks. In total the data is 400+gb. + +I want to easily be able to easily import data and use the data in Python to test and run models on. + +Do you think importing all the data to a DataFrame and saving it via pickle or importing it to an SQL database would be the best option? +For the experienced traders out there. How did you feel when you discovered that it is indeed true that not every strategy works. And that you should really find out what works for you. + +I’d love to start this discussion in the comments!🙌 +All the FI subs are in a state of euphoria where markets are at all time highs, people posting their net worths, seeing their net worths touch unseen heights etcetra. But this is a cycle and eventually there will be a downturn. + +This sub was started 7 years ago i.e 2012 right when the market was beginning to recover. We have been in one of the longest bull runs ever so financial independence always seems like a good thing to talk about. But how optimistic or committed can one be when you see half your portfolio wiped out in a matter of months? (/r/ExpectedThanos) + +Just curious to know how people's(and my) attitude will change towards FI+RE temporarily during a market downturn. If anyone sat through the 2008 recession on here and have any interesting stories to share, it would be great. +Lehman brothers was a critical part of the financial system that, when it went down, caused credit freezes that domino'd into more financial crisis. Due to the nature of their business, it makes sense them blowing up could really domino, but.. + +Evergrande is just a real estate developer. Investors will get screwed, sure, but how can this really cause financial dominos like in 2008? The bears seem really excited about this and keep posting articles and charts about how BLK and other US and international firms are the biggest bagolders. But when I look further into this I see that these firms are hardly exposed. It's pennies in their portfolios and probably less than they'd lose on a bad 1 minute candle in the equity markets. + +They quote the $300b worth of bonds that will be worthless, but that's not that much to the global economy, realistically. More wealth is destroyed on a bad day for $AAPL. Additionally these were junk bonds for a long time. Were not talking triple a mortgage bonds that were "too big to fail" and unsinkable like the titanic. + +This all also assumes that the chinese government will sit on their hands and watch a crisis unfold, when that seems super unlikely. Say what you will about the CCP, but they're not gonna let all their stellar economic growth crumble when they have: +1. More power and political will than the US did to tackle such a crisis +2. The ability to plan their economy to recover from any domino effects unlike more "free market" economies +3. Knowledge of previous global housing crashes/financial crises to draw from + +Maybe I'm an idiot but I just don't see how anybody should think this will cause a serious bear market in the US or elsewhere. Chinese stocks are already beat down hard so I can't see those selling off too much more either. I'm inclined to buy the dip if it keeps dippening into this week. I'm lucky to have increased my cash and entered some shorts last week at least. + +What are your thoughts on this? +Guten Morgen to all of you Great Apes across the world! 👋🦍 + +It *seems* that days like yesterday would be easy to write about, but honestly, they are more challenging. I like to highlight the strength of our Diamantenhände. When Apes HODL on red days, why would that change on green days? When the endurance of our Diamantenhände gets tested by short attacks, why not sit here polishing them when the hedgies slow down the short machine? The excitement is growing again, fresh DD and even fresher memes are flowing again, and this community's endurance continues to astound me. The apes are here, ready for whatever comes our way, and we'll HODL together and through it all. + +Today is Wednesday, July 21th and you know what that means! Join apes around the world to watch low-frequency updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + +- ⬜ 120 minutes in: **$193.60 / 164,45 €** *(volume: 972)* +- 🟩 115 minutes in: $193.60 / 164,45 € *(volume: 958)* +- 🟩 110 minutes in: $192.01 / 163,10 € *(volume: 656)* +- ⬜ 105 minutes in: $191.19 / 162,40 € *(volume: 606)* +- ⬜ 100 minutes in: $191.19 / 162,40 € *(volume: 556)* +- 🟥 95 minutes in: $191.19 / 162,40 € *(volume: 555)* +- 🟥 90 minutes in: $191.20 / 162,41 € *(volume: 549)* +- ⬜ 85 minutes in: $192.07 / 163,15 € *(volume: 392)* +- 🟩 80 minutes in: $192.07 / 163,15 € *(volume: 392)* +- 🟩 65 minutes in: $190.25 / 161,60 € *(volume: 366)* +- 🟩 60 minutes in: $190.06 / 161,44 € *(volume: 355)* +- 🟥 55 minutes in: $189.95 / 161,35 € *(volume: 322)* +- 🟩 50 minutes in: $190.20 / 161,56 € *(volume: 303)* +- 🟩 45 minutes in: $190.16 / 161,53 € *(volume: 303)* +- 🟩 40 minutes in: $190.06 / 161,44 € *(volume: 303)* +- 🟥 35 minutes in: $189.98 / 161,38 € *(volume: 295)* +- 🟥 30 minutes in: $190.39 / 161,72 € *(volume: 183)* +- 🟥 25 minutes in: $190.42 / 161,75 € *(volume: 183)* +- ⬜ 20 minutes in: $190.50 / 161,81 € *(volume: 179)* +- ⬜ 15 minutes in: $190.50 / 161,81 € *(volume: 179)* +- 🟥 10 minutes in: $190.50 / 161,81 € *(volume: 114)* +- 🟥 5 minutes in: $191.07 / 162,30 € *(volume: 22)* +- 🟩 0 minutes in: $191.20 / 162,41 € *(volume: 15)* +- 🟩 US close price: $191.18 / 162,39 € *($190.80 / 162,07 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.17726697. I wrote and maintain a C# application that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Many among the Diamantenhände community are concerned about the well-being of the originator of the series, u/DerGurkenraspler, following their sudden disappearance after Memorial Day. I also am worried, as I had tried to make contact many times and never received a direct response. Three weeks ago, DerGurkenraspler deleted their Reddit account. While this gives me hope that they are alive and well, it seems to be a certainty that they will not be resuming their role as the curator of the series. I've been serving as host since their unexpected absence began and I intend to continue to post updates, but dearly hope that DerGurkenraspler is well and sincerely thank them for the effort they put into building the worldwide community that lives on. + +Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Hi all, + +I quit my job. + +My situation is I have worked virtually non-stop for the past 15 years, I have around £60k in savings, I am single, in my mid 30s with a low cost of living. + +My annual living cost is around £20k. + +I feel exhausted and want to get away for a while, travel, and forget about life worries, but at the same time the pull of money, to work and have an income is strong because this is all I know. If I do not work I do not earn money which means my money pot does not grow. +I keep reading contradicting info when I Google search so can someone please explain this to me. Bonus points for links to legit info. + +I’m going to rent out my property (first time landlord), and will need to utilize a property manager. At the end of the year they’ll provide a 1099 for taxes. + +When I search how renting your home can affect taxes I am not sure I am understanding it. For easy math let’s say 12k a year. I get taxed on all 12k or only the portion that exceeds what the mortgage, interest, insurance, HOA, etc.? +1. The house is a 3 -2 with a large dining room area that we want to convert into a bedroom. We would put a door to one of the bathrooms and make it a private master bedroom and master bathroom. But this would make it a 4-2 without any good dining area. We are thinking of converting a small bedroom into a proper dining room. This bedroom already connects to the kitchen and has a door to the living room, we would just need to remove a closet for more space. Is this plan a bad idea to remove a bedroom for a dining room? + +2. The living room has no ceiling lights in it. Is it worth it to add some lighting? I know it's old-school to not have fixed lights but does it particularly add value? The rest of the house has fixed lighting. + +&#x200B; + +&#x200B; + +I swear I had more, but that's all I can think of for now. Thank you in advance for taking a look! +Maybe I can learn a thing or two from the elder investors here. What are the things you wish you had known or done in your 20’s that would have significantly helped your position in life now? +And they were all at different strike prices. Friday got me good. Should have never done 0DTE's. Can't even wheel them until it recovers as premium isn't worth it. + +IDIOT. +We need lightning network on mainnet yesterday. But it very much alpha software and will not be deployed unless it gets tons more testing and dev work. However, not everyone is a developer and even if you are a developer, contributing to crypto is not easy. I was in the same position. + +But there are other ways! I installed Bitcoin Core on testnet and both Lnd and Eclair and tried opening channels, sending payments, closing channels etc. After a day or so, I discovered two bugs, filed them and cooperated with developers in tracking them and fixing them. If you are a bit tech savvy, you can do that too. In the process, you might also discover how lightning actually works and when it really comes, you'll be ready to take full advantage. + +Please go educate yourself: +http://www.lightning.network/ +https://github.com/lightningnetwork/lnd +https://github.com/ACINQ/eclair +https://github.com/ElementsProject/lightning +*Tick tock. Tick tock.* + +Yesterday, we reviewed [volume data on GME for every day since mid-January](https://www.reddit.com/r/Superstonk/comments/n3ehw0/the_march_to_zero_liquidity_volume_or_bust/) in part one (of an undetermined number of posts). In that post, **the data showed a trend of declining volume since the first squeeze and made a case for the increasing risk of slippage and volatility**. + +Given the short hedge funds have made volume drier than the steak my wife's boyfriend's made tonight, it's becoming important to look for other indicators of the trend in this story. Volume is so low that even a day featuring more **volume is still net down when looking at a multi-day trailing average** (as demonstrated in Sunday's post). + +So, let's get to sleuthing. **There will be no TL;DR as this is largely just a picture book, my apes.** + +Here are three important things to note: + +* **The first hour of trading is typically features** the biggest moves in the shortest amount of time and **the largest amount of volume during the day.** In fact, most professional traders only trade a couple hours a day (the first and last). This is because it provides enough liquidity through volume for them to get in and out of their positions with ease. This is why those mid-day big candles are so perplexing. Here are examples of several liquid stocks with 1 hour candles. + +&#x200B; + +[Small sample size but you can look at virtually any stock and their first hour of trading will be feature the most volume. Except GME today.](https://preview.redd.it/gc93o9sf60x61.png?width=714&format=png&auto=webp&s=245d991c1b8eee5d841aba6e3add993cd1f8df6d) + +* **Short volume increased in proportion to yesterday**, which makes sense given the return of the sustained short attack that we haven't seen in a while. Haven't gotten some of that sweet, sweet dip buy in a while. Felt good. + +&#x200B; + +[Net increase in volume boosted by an increase in recorded short volume.](https://preview.redd.it/9oegb4tw50x61.png?width=616&format=png&auto=webp&s=bc810c3dbebc6dd39ea53ea037a370d25dc12d98) + +* **This morning's flaccid first hour was the most limp we've seen in 2021**. The lowest volume first hour of trading of each month is featured below (Edit: column language format). + +&#x200B; + +[Yeah, I checked every first hour TradingView volume candle in 2021 cause I got time like that.](https://preview.redd.it/oztkmu9ru3x61.png?width=297&format=png&auto=webp&s=ce19b96a85f990c328b8a784b6f0c4ff2101395e) + +**So, what's this mean?** + +**Volume continues to march toward theoretical zero liquidity** in a downward trend as we move closer to the apex of a massive ascending triangle. How do we know this? Well, a key indicator can be found in the limp first hour of trading on May 3. + +The beat goes on. Just slower. + +*Tick...tock.* +NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍����NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀NO ONE IS SELLING 🚀👩‍🚀 +I just wonder how many of us there are that really fit this profile. + + +My closest friend works at Apple and is in this situation earning 400/year but outside of him I don’t think this is a common situation. + + + +Anyway, hi to us if there are any in here. What do you guys do for fun? How much money each year do you allocate to “fun money”? Hope an extremely casual thread like this is allowed. + + +Edit: here’s a list of questions if you feel comfortable answering. + + +1. Do you have kids or want kids? If so how many? Has being rich played a role in this decision? + + +2. How do you splurge, if you do? Like what fancy car did you get or luxury service do you use? + + +3. What hobbies do you have or do you play video games? + + +4. Do you show off wealth, keep it quiet, or a combination of those two? How many of your friends know you’re a millionaire? + + +5. What age do you plan on retiring? + + +6. How much money do you want in retirement and define your needs if you want? + + +7. Did you inherit anything? + + +8. What’s your investment style. Risky stuff or like basic index funds? + + + +9. What material item do you still wish you could have but can’t comfortable get yet? + + +10. How do you feel about your success? +My company allows up to 50% deferrals to be paid out in full or across a pre-determined number of years after I leave. The money gets parked in an investment account similar to a 401k. + +Since I have no idea if or how long I’ll work beyond this job, is it worth trying to save some tax money now? Seems like a roll of the dice unless I’m sure if my plans, which I’m not. + +Anyone ever dealt with this? There’s an HR seminar Monday where I can ask questions. + +Any thoughts appreciated! +We don’t qualify for assistance, we “make too much” + +I’m sick of constantly checking our bank account. + +I’m sick of wanting to treat myself but not being able to. + +I’m sick of treating myself then living with the guilt. + +I’m sick of crying from the stress. + +I’m sick of working full time plus a side gig. + + +I’m sick of worrying. + +I’m so sick of worrying. + +We’re one medical emergency away, one car accident away, one poorly planned big expense away from homelessness. +My parents and i purchased a house togethere years ago. The plan was that we would live together as a joint family. Basically my parents paid about 2/3 of the property i paid 1/3. My mum has now told me that they want to buy my share of the property but they want to pay me what i contributed to the purchase of the property not what my share of the proprty is worth today. This would mean i would sell my share for about £100k less than its worth. +I am inclinded to do this but its a large amount of money to give up and i would struggle to find a house for my family. Do i have any options to ensure i am given the actual value? +As the title says, as a RE investor, would you take on a higher mortgage rate if it meant getting property at a lower price? + +I have been in the market for a multi family home, and seeing some nice discounts, but obviously with mortgage rates increasing, it’s a tough decision. + +Edit: thank you all so much for the great info! To anybody who is interested in this question - seems as many investors will choose higher rates in return for lower property values due to the ability to refinance. +I've been in cryptoverse for a while now and I keep seeing newbies ask for tips in crypto, all from how to buy on DeFi to smaller things. I was wondering, what is the best life hack for you in cryptocurrencies? Anything is fine, from trading, storing, buying, selling, securing, whatever comes to your mind that you'd want newbies to know about. There is a lot of new people here everyday now and I thought that sharing such small life hacks would be nice for them. + +For me the biggest life hack in crypto I found is using XLM (Stellar Lumens) to move funds around. When I first started trading I used BTC to move funds around and ...that wasn't really smart. Then I heard someone talking about using XLM to move because it's ultra fast and ultra cheap. Best hint I got :) + +What are your lifehacks in crypto? +I've always had a feeling about a certain type of YouTube trading videos that I never put into words before. There are some channels that specialize in teaching dozens of different entry strategies, to which they dedicate one or two videos each. Some of these channels include the likes of TraderNick, Netpicks, The Secret Mindset, The Trading Channel and so many others. Recognizing them is easy: it's almost impossible to figure out how the hell they are trading, since they are sharing so many different strategies at the same time. + +I strongly dislike them. I vastly prefer channels that focus on a single strategy, the one the author supposedly use, so that I can get a coherent learning experience. + +These strategy videos are, however, very addicting. You see one pop up in your feed and you can't help but tell yourself something like "It's just 25 minutes and I can learn a whole new strategy, what's the harm in that?" or, worse, "Maybe this is the one strategy that will make me profitable". And you'll keep watching video after video, even when you already have a profitable method, just because you never know if the one they are sharing is going to be better than yours. + +I have no problem admitting I fell into this trap myself, and sometimes I fall into it today as well. I am [currently](http://www.myfxbook.com/members/giovannicali/linstoch/6549024) profitable, and I was profitable with my previous strategy as well, but in both cases the sample size is too small for me to give a proper evaluation of how I am doing. One thing I know for certain, however: looking for a new strategy should be the absolute last thing I should do right now. I should not be distracted by new concepts and ideas that would force me to divide my attention between the new strategy and my current method. Despite knowing this, I still feel tempted to open a new video that promises to teach me a daytrading strategy. I will find excuses, such as "my current method works well in mean reverting markets, I need a trend following strategy to compensate" or "my method focuses on high timeframes, I need something to work on lower timeframes". The reality, however, is much simpler: strategy videos are literally porn. I watch them because they get me excited, but I get no value out of them. They only serve as a distraction. + +This does not mean the videos are useless. In fact, all of these strategies are usually a variation of the same approach spinned around to justify making a new video. The Secret Mindset, for example, has made five videos about five different scalping strategies that are almost identical. As long as the underlying concept is profitable, I believe a trader who still hasn't found a strategy that works for him can take value from these videos. + +What I am saying is that, once a trader finds a method that suits him, the first thing he should do is unsubscribe from all trading channels, stop following any trader on social media, and focus the entirety of their attention to mastering the method they have chosen. Perhaps, later on, once they get to a point of unconscious competence with their method where they got so good at it they don't even have to think anymore, it could be a good idea to learn something new. Until that point, I don't see value in doing so. +Thought I'd make a personal Portfolio story for the year. This year has been a great learning curve from watching my own portfolio to learning from this sub there is a great amount of knowledge on here if you can spot. + +&#x200B; + +**Personal Portfolio:** + +**VML** + +&#x200B; + +https://preview.redd.it/6yazcd1rs6881.png?width=1186&format=png&auto=webp&s=f4202a19585ea7e028a729cf3a077c8f46ba4584 + +VML has had a busy 2021 from a Business stand point, coming from this time last Year with it's first Offtake deal signed (28th Dec 2020) HC was going nuts as they do opened up at 3.5c (My average) only to finish at 3.1 with me ending the year red for this holding. It was at this stage I Sold out of my last holding of AR9 and went all in. + +Fast forward to end Jan and it found itself being pumped on this sub out of nowhere which seen it rise to mid 5's where quite a few here made their entries only for it to hover and fall over the next few months. Come March we seen a Huge push hitting a high of 9.2c only to hit a TH for a CR. From here on in it has been a big Churn of Supply/Demand. + +Even with the Year gain of 63% the Business has gone from strength to strength with being able to get into Operation/Mine all of the Nrth T Zone and sign another MOU with Ucore giving access to the Nrth American market. We are now awaiting knowledge of First batch in the oven. + +**IXR** + +https://preview.redd.it/vcl8hg9yu6881.png?width=1176&format=png&auto=webp&s=f58028a3c4debc04abba3a81b42dff41621446b9 + +I was always on the fence with IXR at the start of the Year it had a huge rise with anticipation of the Scoping study Alot on here bought in the 5c region only for it to rapidly decline after ASX inferred/Measured rules came into place only allowing IXR to publish it had 80mt of REO to what it truly had. I waited out May-July as Tax time sucked and IXR had 180mil Options expiry at end of June. When i made the Decision to get in IXR I sold some VML (Held 2.89mil Shares) to get a foot hold into IXR. + +Since then IXR has seen a steady uptrend away from my current average of 3.4c (Topped up to a flat 2mil shares) The business has been steadily increasing their inferred/measured resources, IXR had made note of it's intention to become a Separation facility not just a Supplier of MREC and with its Recent Acquisition of UK Seren Tek it has made that a distinct possibility along with Magnet Recycling. + +**Super Portfolio:** + +**INR** + +https://preview.redd.it/ocb7037rw6881.png?width=1175&format=png&auto=webp&s=4c26b812f78366341ffbd0594210d13f4d17b2c9 + +I honestly don't track my Super Portfolio as well as my Private one but I made a entry into INR on a whim (Not the smartest Decision) but over time this year it has seen a good uptrend Alot of that would be due to the Lithium Boom but it's been a steady earner for my Super. As a business standpoint this year it signed it's first Lithium offtake with Room for more. Ticked off more environmental issues but still has the Buckwheet issue at hand which is a 2022 issue. + +**Lynas:** + +https://preview.redd.it/ol04mecsx6881.png?width=1080&format=png&auto=webp&s=979c8f9677e8b0754c10f03be5bbd2c810be0a10 + +I entered Lynas in 2020 at about $1.90 and have held the same parcel since. It has had a great run this year up to a 8bil Mcap. I am unsure how much further it has got to go so I am in decision mode whether to sell in 2022. + +&#x200B; + +**My Losses:** + +**MSB:** + +https://preview.redd.it/ej6fjumjy6881.png?width=542&format=png&auto=webp&s=3b9f254bc2980562a44fbaaf0011c2d1d73a22fc + +No words to express my Dumb Fuck behavior here this was my first major Fomo and it burnt me well. Held this in my super copped a $7.8k Loss in my Super while not alot for Super it felt worse than it is. + +**PLS** + +https://preview.redd.it/5sev2h9bz6881.png?width=418&format=png&auto=webp&s=3388ef12e8a549fe6a29ae819171bcbb9b13905c + +If only i had some Foresight... I held PLS before INR and after I sold PLS and it kept rising and rising and rising i took my position in INR. Luckily it ended up a good trade but yes not a Loss on paper but would of been a fun ride higher at least. + +&#x200B; + +&#x200B; + +[It Wont allow me to Show up to Dec unfortunately.](https://preview.redd.it/rqo7q38r17881.png?width=1280&format=png&auto=webp&s=db608de8c5487f61acc46b0b0b09c67871ecfa2c) + +&#x200B; + +&#x200B; + +So that's my 2021 Story Most of it was just sitting still with only a few trades taking place. I have learnt to ignore the overall market noise and concentrate on the business and as long as they are moving forward eventually the SP should follow. 2022 Looks to be another big year for my Holdings across the board. Look forward to the antics of this sub through 2022. + +Doom. +Greetings, astute investors and general friendly degenerates. How have you all been? It’s been a little while since I posted one of these, and that’s for three very good reasons. + +One, someone left a comment on my [last post](https://www.reddit.com/r/ASX_Bets/comments/pufhfg/australias_smallest_market_cap_companies_part_9/) to the effect that it wasn’t very good, and it hurt my feelings. + +Two, I started a new Instagram account and so I have been flat out taking one picture a day and posting it. + +And three, I er…ran out of ideas. + +**But now you’ve had one?** + +No. But I do have fun writing these, and so I decided to pull myself out of my general funk and do another one. Because I’m still out of new ideas, today I decided to take a leaf out of Hollywood’s book and remake something old (which is probably better than its more recent innovation of accidentally shooting people on set). And so, I will take another look at the smallest of the small caps and see what else might be of interest down that end of the market. + +**Should I buy anything based on this advice? This all seems like legit due diligence.** + +Shit no. Are you mad? This barely scratches the surface of anything like due diligence, and I have a strong track record of getting things completely wrong in this series. Like the time I did a whole lot of research into a company that I didn’t realise was suspended from trade, or all those times I made a series of assumptions about a company based on a joke playing off its name or ticker alone. For the love of the deity of your choice, go copy the people here who do the proper research and make properly mad gains. Not me. DYOR GALAH LOL LKE WTF BBQ OK? + +**Fine, I’ll just go join** r/ausfinance **and get a high interest savings account.** + +Wise, if unexciting. Maybe live on the edge a little more and download a VDHG brochure. (Just the brochure, mind, don’t actually buy anything without thinking it over first). + +Anyway, so it turns out there is some movement at the small cap end of the market and there are a few interesting players we haven’t looked at before, so let’s turn our attention there. + +**Or I could buy real estate. I hear real estate is going well? My mate bought a one bedroom apartment with shared laundry behind a railway shunting yard just 65km from the Sydney CBD for $1.1m the other week. Should I get in on that before things get completely overheated and poorly located shit properties start to sell for far too much money?** + +Funny you should mention real estate, because today’s first company is the property development, management and investment vehicle **Raptis Group Ltd (RPG),** with a market cap of $2.095m putting it at 2,288 of 2,319 ASX listed companies. + +Now – I don’t claim to be a genius property investor, but – $2.095m the sort of money that some people spend individually on a property investment. You could probably get a 2 bedroom apartment 65km from the Sydney CBD for that. (Not me of course. I am instead engaged in a novel and groundbreaking property joint venture with the Commonwealth Bank consisting of one house that we’ve gone halves in, for the somewhat old fashioned purpose of living in and storing my stuff, for a sum of money that is way too much but frugally less than $2.095m). + +But what I’m getting at is – what are they up to with that small a market cap? And does it make any sense that the financials seem to show total current assets in excess of the market cap? Why didn’t I pay more attention in mandatory first year accountancy at uni? What does it all mean, Basil? + +It might just have been a bit of a rough ride for the company of late, with a suspension from trading followed by a triumphant return earlier in the year, and their website shows them to be engaged in some apartment development on the Gold Coast (which look quite nice, to be honest, and probably more than I can afford pal so I’m in no real position to ask questions of this company). So, good luck to all holders, as they say, and if you want to be one of them, today’s share price was $0.033 to you Sir. + +**I feel like some greater diversity would be a better strategy.** + +In that case, let’s take a look at another micro cap that we hadn’t noticed before, namely Mariner Corporation Ltd (MCX), ranked #2284 with a market cap of $2.65m. + +It’s a little difficult to get to the bottom of what MCX does. Its website says that “The board of Directors is actively exploring the local opportunities in Australia by building successful partnerships. Establishing long-term partnerships is at the heart of our business. We support portfolio companies realize their full potential and create maximum value by providing assets, expertise, and proficiency to achieve growth and transformation.” + +So that’s good news. It also says elsewhere that “In the past, Mariner has invested in property, plant and equipment, loan books, agricultural assets, aged care, office buildings, subdivision developments, and many other various investment products.” Precious little maritime stuff going on though, I might point out. The [landing page of the website](https://www.marinercorporation.com.au/index.html) also helpfully advises you, in what is essentially the only item front and centre of that website, that its 2020 AGM is coming up. It also has a slide show including pictures of paper clips and pins, a cheerfully yellow forklift hoisting aloft a shipping container, what looks like a photocopier or maybe – hopefully! - a fax, an office with no staff or computers, and a box trailer. + +Now, MCX’s performance depends on how you look at it. For instance, you might note with some satisfaction that its share price is up 83.33% this year, suggesting a certain level of astute investment might be possible here – good news in a company that is all about growth and transformation and potential and suchlike. On the other hand, you may be a little more concerned to know that its share price bounced around the $0.30-0.40 range in 2011-12 but is $0.055 today. Hasn’t really traded much since August but hey…DYOR right? + +**Spring is in the air though, and a young person’s thoughts turn to…love.** + +Quite, quite. And as we’ve covered before, the cutie in marketing who you’re very much hoping to woo once you multibag on DLC and DW8 is still, sadly, not responding to your slightly lewd comments against their recent Instagram posts. And, if I can be frank, your love poem that went “Shall I compare thee to a summer’s day? Hot, sticky and kinda slow” probably didn’t strike quite the right tone. So maybe it’s time to look elsewhere, alas. + +Feat not, Romeo and/or Juliet. For we can both multibag and bag a good sort by getting into **Love Group Global Ltd (LVE).** In the romantically named firm’s own words, “LVE's Principal Activity is the provision of social and dating product and services, including the Datetix, Lovestruck and Noonswoon application, personalised matchmaking services, member events and lounge business.” + +Rather like MCX above, LVE could say that “Establishing long-term partnerships is at the heart of our business.” + +I’m sure you are all familiar with the Datetix, Lovestruck and Noonswoon apps, which have revolutionised dating over the past decade or so, yes? But perhaps more exciting than that was the corporate announcement from March 2017 that it had opened its London matchmaking store ahead of schedule. Yes, a store! + +The company said at the time that “The matchmaking store is located in the heart of London’s West End, an ideal and convenient location to serve the needs of busy single professionals who lead successful careers and are looking for a tailored, one-on-one matchmaking service that can help them with finding a spouse or life partner.” Certainly users of ASX\_Bets will find its location convenient, being on the other side of the world in a country that you haven’t been able to get to at all for the better part of two years. It also indicated that it would soon open premises in Singapore and Bangkok, although I found no further news about that. + +Sadly, I saw no suggestion of plans to open an outlet in say Nunawading or Indooroopilly, so you might need to rely on the apps instead. And, look, if you do – word of advice - you probably shouldn’t use “Do you want to play lion tamer?” as your opening gambit. + +More prosaically, because first you get the money and then you get the women (or men, or non-binary, we’re all for everyone becoming bagholders around here), today’s share price is $0.08, which is up a healthy 53.85% year on year. Enough to set hearts aflutter and pulses racing, sweating with nervous anticipation of multi-bagging and nights cuddling by the fireplace, fuelled by all those letters you get from the share registry every time you have an impure thought about an ASX listed company. + +**And I hear there’s a new champion for the smallest market cap, but still very much alive, listed company?** + +Absolutely bloody not! As I said, I haven’t had a new idea for a while so it’s my very great pleasure to advise that my favourite inaccurately named but diversified investment and olive grove company, **Queste Communications Limited (QUE),** remains the smallest non-dead ASX listed company with its unchanged $1.49m market cap, utterly unchanged $0.055 share price, and entirely unchanged shareholder register with no trades since 26 May. + +As they said in the play from which my username was inspired, “Consistency is all I ask”. + +You may be pleased to know that the company recently published its annual report, which I must say looked suspiciously like last year’s annual report but with different numbers in some places. It doesn’t even talk about the olive grove! And I did note with more than a bit of interest that the Company Secretary is the same guy who is Company Secretary of the nicely gaining lithium play LEL (disclosure: I own LEL shares, so obviously this fact was one that I enjoyed greatly). + +I would, however, like to know which one of you clowns is in the queue for 100,000 QUE shares at $0.080 each. And which one of you is having an optimistic as fuck crack at buying 29,888 shares for $0.019 each. + +**Until next time, astute investors…** + +May your all holders luck be good, your diligence due, your research your own, your trees shaken and your ramps very much up. +Salutations once again my fellow apes. u/possibly6 back with some juicy confirmation bias solely using technical analysis. + + +As always, this aint no mothafuckin financial advice, hoe. The views expressed here are solely my approach to investing in this specific equity. I ape an am. + +obligatory. + +&#x200B; + +Let's get right down to business. I have reason to believe the price action we are seeing is nearly identical to January right before we ran ago 500+. + +If you've been following me for a while, this is how I was able to predict the drop from 348.5 to sub 200 the day before it happened, as we well as time the majority of the run in March. + + +Here's an image from webull by u/wwalley + + +[Jan vs Now](https://preview.redd.it/sp33r3igleu61.png?width=1528&format=png&auto=webp&s=b83313ab8d0ba20edb91d82acd7db8099b6a3007) + +I also read a great theory written by u/HomeDepotHank69 which sparked my interest to dig deeper on the subject. You can read his posts here [https://www.reddit.com/r/Superstonk/comments/muoepo/gme\_magnum\_opus\_theory\_round\_3/](https://www.reddit.com/r/Superstonk/comments/muoepo/gme_magnum_opus_theory_round_3/) + +&#x200B; + +I commented this: + +"Technical ape here. I did a theory very similar to this one right before the march run comparing it to the jan run. I think you're spot on, and I don't think today's price really matters. The broad market is taking a hit today. + +If you're right, tomorrow should replicate price action on 1/13. However, you could also compare it to that of 2/22 - 2/24. On 2/23 we had roughly half the volume of 2/22 and price hit a lower low than the LOD on 2/22. 2/24 price hit from 40 to a high of 200 after hours. + +I think what's important for this theory to remain in tact is the low volume today and a close lower than yesterday's. How much lower we close is irrelevant." + +&#x200B; + +The working theory is that today would have very low volume and a decline in price, and sure enough that's what we saw today. Let's take a closer look and compare the two timeframes to each other. + + +[Jan chart \(circled candles I am comparing to yesterday and today\)](https://preview.redd.it/nwi9i4gjmeu61.png?width=2856&format=png&auto=webp&s=02051154ea7ef243667c0b03e81ed1cedc08524e) + +And here's today's chart: + +&#x200B; + +&#x200B; + +[Daily view](https://preview.redd.it/bxpz6tsqmeu61.png?width=2012&format=png&auto=webp&s=95ba07ad7c3c777a8ba7816a6d8a3e7123ca5581) + +The scale is a bit rough on the eyes, though you can visualize the similarities. Today we had 4.6m volume, roughly half of yesterday's 10.5m volume. + +Worth nothing that the broad market took a hit today, not too surprised to see GME go down with it, though it is very likely the broad market is down bc GME is getting shorted through the entirety of the market lol. + +Jan 11 we had 14.9m volume, and Jan 12 we had 7m volume. roughly half the volume of the previous day. **HMMM** + +Tomorrow should mark Friday's T+2 - all executed options should settle by 4/21 and start showing movement. HODL 📷📷 + +All options that were executed on Friday should start to reflect tomorrow as it's had two days to settle. + +&#x200B; + +Worth noting: Jan 15, monthly options expire, 4 trading days later, price runs from 40 to 513 + +Feb 19, monthly options expire. 3 trading days later, price runs from 40 to 200 after hours. + +If this theory proves to be accurate, expect some nice upward price action tomorrow. Whatever the case may be, I will hodl. + + +[4hr view](https://preview.redd.it/278lhxdqneu61.png?width=2856&format=png&auto=webp&s=66d8735d1588734bdc7d72ed8ad20bae0439b069) + +In Elliot Wave speak, I have wave 3 of 5 set to finish around 220, though to be completely honest I dont even really watch price action anymore. It doesn't matter. I hodl no matter what. + +I know you're all jacked about the RC tweet, so am I. Bears either shaking or their getting fucked up. or both. + +TLDR: Short post, read it you ape. If you daytrade GME your mom's a hoe. Can we stop with all the rensole drama and get back to posting solid DD? Please? Prepare for the best expect the worst. + +4/22 is 4/20 too 🤔 + +obligatory 🚀 🚀 🚀 🚀 🚀 + +Edit: I wrote this high af +Seeing #darkpoolabuse trending on social media is extremely positive. Why? Because it’s creating awareness and that is their greatest fear. They have spent decades rigging a financial system that is shadier than a cloud on an overcast day. + +Every day more light is shed on their illegal practices and every day they are running out of paths to take. They are running out of ammo, fast. The basic advice remains the same: Buy and Hodl +I have an over 100K account. I am NOT ALLOWED TO BUY GME. These pieces of shit brokers have SO MUCH CORPORATE COCK in their mouth it is hard to believe they can even breath. HOLD THE FUCKING LINE PATRIOT APES AND RETARTDS. GME is going OVER $5K they kind of Panic Buying you will witness will be a once in a lifetime HABBENINK. They filled my order to BUY 1 fucking share! Think about this....over 100K in an account and I got to buy 1 FUCKING SHARE. All the purple orders are rejections. THIS IS BEYOND ILLEGAL! + +[GME Orders Rejected by Interactive Brokerage on behalf of their masters at Citadel and Point72](https://preview.redd.it/gili1i36fvg61.jpg?width=687&format=pjpg&auto=webp&s=38ed18dcca9f994869d0031d41d725b43ac208f2) +Okay so there is a lot of opinion on this topic here, I thought I’d share a bit of a thesis on what I think MAY cause a recession in Australia similar to what occurred in the US during 2007 and 2008. + +First off, this is a thought provoking discussion and I’d like to keep this strictly on topic. No personal insults, none of that crap. Just share opinion preferably backed up by some sought of analysis. + +Second, I am not a professional and am doing this in my spare time (taking a break from the desk as I was in really early this morning). + +My aim is to create a good robust discussion. + +So back in 2013, I used to work for one of the big 4 banks. I spent about 3 years in lending and learnt quite a few things. The biggest thing that’s good put to me was the banks willingness to lend interest only loans, due to 1. Profitability of the product and 2. The burning desire to keep customers happy. + +We used to laugh about this at the time, thinking how bad of a product this was and how little customers actually understood what they were signing up for. Not that I want to portray myself as the “good guy” but I was very strict on who I have these loans to as I foresaw the potential chaos they could cause. I once had a massive argument with the Head Of my department because he wanted me to renew the interest only term of a 65 year old man who had been on interest only for 15 years. Apparently his broker was a massive referral source for the department. I refused. + +The above experience really forms the back bone of my current views on the economy and what I think may be the factor resulting in a recession. + +Link to my data source + +https://www.rba.gov.au/publications/smp/2018/may/box-c-the-expiry-of-interest-only-loan-terms.html + +If you refer to graph C1 you’ll see that the peak of interest only loans was around the end of 2016 and beginning of 2017. Graph C2 shows when the bulk of interest only loans written in 2017 will expire, the majority being between 2019 and 2020. Finally, graph C3 displays the impacts of the increase on repayment once rolling off your interest only period. + +RBA then spend the rest of this report explaining why they believe things will be okay. Their assumption is, for the most part, that the average person will have budgeted for the increase in principle repayment after the interest only period expires. My theory is they haven’t. My opinion is, that the average person did not understand what they were signing up for, and will be caught out. + +I also propose that the reason the RBA has continued to lower rates is because they are concerned about what will happen when the bulk of these loans begin to expire. + +So how does this all tie together. Well, I believe once these loans begin to roll off interest only, there will be a lot of customers struggling to meet their repayments. This will cause a flood of properties on the market as highly geared property investors begin to struggle to meet their mortgage repayments (there has been a tightening of lending standards where a lot of these customers would not have previously gotten a loan). The oversupply of housing will cause house prices to dip, ever so slightly, and this will be the catalyst for a gross fall of confidence in the Australian economy. + +Anyways, this is a bit of a rushed opinion piece, keen to get anyone else’s thoughts or view on this topic (doesn’t have to be in direct response, you may have other views). +Prediction status check: how are we going toward a 50% drop in the +[Core Logic Home Value +Index](https://www.corelogic.com.au/our-data/corelogic-indices) (5 capital city +aggregate) from its peak 2020 value by end of 2025? + +---- + +* Peak 2020 value (Dec 31 2020): **137** + +* All-time high (May 07 2022): **176.66** + +* Current value (Jun 29 2022): **174.2** + +---- + +→ Change from 2020 peak to now: **+27.2%** + +→ Change from all-time high to now: **-1.4%** + +→ Change from now for prediction to be correct: +**-60.7%** + +---- + +⇒ Average monthly change since 2020 peak: **+1.3%** + +⇒ Average monthly change since all-time high: +**-0.8%** + +⇒ Average monthly change from now until end of 2025 for prediction to be +correct: **-2.2%** + +---- + +I am a bot made by /u/doubleunplussed. Beep boop. I post at most once per week. +These regular posts are made [at the +request](https://www.reddit.com/r/AusFinance/comments/v264de/comment/iaqo4at/) of +the user who made the above prediction. +I got annual membership + 2 personal trainer classes, all worth $800 in March 2020.I just used the free class and the next day everything was closed because of covid. I cancelled everything (membership + 2 classes) in July 2020. + +I didn't get any return, all $800 wasted. I don't know what to do. + + +Update: +Timeline: + +New membership: 1st week of march + +Cancellation (knowing, the year is wasted and it won't reopen): 1st week of June + +24-hour fitness cancelled a membership, no refund (0 out of $800+ really) + +Informed Barclays and started dispute (Uber credit card): 1st week of July + +amount refunded from credit card statement in July. +1st week of august: put back again because 24hour attorney said not eligible for refund, so Barclays tells me to deal with them directly. + +&#x200B; + +Now I have been sending emails replies (the one I got from cancellation). no reply, I can't even use the contact us website page because of no membership. So I am stuck, looking for ways to get my money back or 1-year membership when this is over + 2 training sessions. +Hello from the UK. + +I will make this short and sweet,hopefully. So I want to know if anyone feels the same way. Cutting a long story short and this does make me cringe a little saying this I am a full time 'trader' of sorts. I am not a day trader I swing trade tech stocks and invest heavily in renewable energy, the implementation of 5G automation electric/self driveing cars, bio tech. That's my thing. I would like to say my portfolio was built on blood sweat and tiers but I would be lieing, I rid the bitcoin bull from 2014 in a massive way. Then got lucky again investing in tech mainly Amazon and telsa the last week few months have been mega! + +So getting to my point now I am 25, i have a top end car range rover over finch, my apartment Is paid for I have around 11k a month coming in from swing trades and property rentals. But all I seem to find my self doing is drinking! I wake up walk to the local post office buy all the main papers, the times financial times and newyork post. I will scan though thease for at least 2 hours ( I think you can get ahead on swing trades on hand fulls of information in the columns) then I spend a an hour on reddit. Then by 2 o'clock I am usually in the pub watching price action on my phone checking my fill orders and sell orders. I feel like I just know the market and what's cheap and what's over bought 6 times out of 10 I tend to be right I play with tight stops and dont just hover over one stock all day! (Sorry about the poor spelling and grammar I am not really focusing to much busy checking stocks) so like I said I can be in the pub at 2 I will guzzle around 4 pint go home check reddit market news. Then I seem to sleep thats my life. + +Every one thinks I am a drug dealer even family I cannit bare to tell anyone one what I do for a living it makes me feel uncomfortable. Then you do tell people you always feel that somone has to one up with you or your talking to the future warren buffet that no idea how the world of investing, finance or even how the stock market works. + +I dont know what this post was ment to be maybe a rant, maybe just me talking to my self does any one els feel the same way. +A new NFT mint of a cool controller design has been added (1 day ago) and deployed on Loopring + +https://preview.redd.it/rsvlflsnflm81.png?width=3621&format=png&auto=webp&s=c4300f3ae76e62f0c434e4e1b0cdad2e6fc8dbc1 + +Check out the NFT here:[https://explorer.loopring.io/nft/0x3e99985a629b690b2ac425af369e98fd4ddccf81-0-0xbbfad93eb30d24c02fc91dbba7b786e1e3b0a1f9-0xea49ea0a3d3f484cbd532a02eedced1a7f7144e73a2e1e4fbc0ddf18a5f62777-0](https://explorer.loopring.io/nft/0x3e99985a629b690b2ac425af369e98fd4ddccf81-0-0xbbfad93eb30d24c02fc91dbba7b786e1e3b0a1f9-0xea49ea0a3d3f484cbd532a02eedced1a7f7144e73a2e1e4fbc0ddf18a5f62777-0) + +If you check out the meta-data: + +The artist/content creator identifies as POPE + +&#x200B; + +https://preview.redd.it/fucm36gpflm81.png?width=3169&format=png&auto=webp&s=1b34c53a974432b24e5637173fa5252ece8272e6 + +If you search on Twitter for Pope + Gamestop you find this guy who has a huge following as a creator:[https://twitter.com/POPeART\_](https://twitter.com/POPeART_) + +He loves designing controllers: + +&#x200B; + +https://preview.redd.it/iugf9ulqflm81.png?width=1531&format=png&auto=webp&s=04e9fe94ff968e77c3a1acfaf5fd62e6fbe2a6cf + +&#x200B; + +https://preview.redd.it/e705yhbrflm81.png?width=1480&format=png&auto=webp&s=fbce87653af94abf64ffe2a290a224515f02ce3a + +&#x200B; + +https://preview.redd.it/x5kof28sflm81.png?width=1523&format=png&auto=webp&s=23fd8f8d7a4ebc4317af400439c89da98720af3d + +The meta data has a new structure field called ROYALTY which does not exist on Loopring now/ there is no way to mint this NFT with that data. **There must be a new front end GameStop feature.** This enables creators to get a cut of every future sale of their NFTs. + +https://preview.redd.it/kdvww7rvflm81.png?width=1022&format=png&auto=webp&s=f0535a8a62756bf3cd29dff4bec33d890bb100cc + +&#x200B; + +**The NFT contract is also Looprings... Which means GameStop is using their ZKRollup and the Loopring Exchange.** + +https://preview.redd.it/esw44zowflm81.png?width=1537&format=png&auto=webp&s=f0cc157fd6ad4a66b39bfd0eceb9ea16106387b3 + +This highly suggests that GameStop has built a **front-facing marketplace application (wallet)** using the **Loopring Protocol** and the **GameStop Application will use Loopring Exchange.** + +For those who do not know... Fees are generated based on transaction volume on the Loopring Exchange and paid to token holders (LRC). + +**TLDR:** + +There are now new NFT mints being deployed on Loopring. +One of these NFT mints has meta data connecting it to a content creator named POPE. +The NFT is that of a Gaming Controller, which is very similar to other types of artwork by this creator POPE. +The NFT metadata has NEW data (royalties) which you can not create with any existing Loopring interface- it must come from a hidden/secret application (Gamestop). +The NFT metadata also indictates this NFT is being created using the Loopring Factory Contract. +From this we can determine that this means GameStop will use Looprings ZKRollup AND thus the Loopring Exchange (Where the trading happens). +This gives us an idea now on what kind of intergration GameStop has with Loopring- they have built their own GameStop wallet and web app but it is all based on Loopring Protocol. + +**It appears things are actually very close!** + +If GameStop is launching with Loopring NFTs and on the Loopring Exchange then these are not actually compatible with IMX NFTs... It means either IMX or Loopring will later have to integrate with eachother. Is Loopring the main partner? It seems so! + +**Edit:** +I also strongly believe that the **NFT Royalty feature** is one of the big reasons the entire **Q4 thing didn't happen**. It's a pretty essential component of NFTs, giving benefit to creators forever, but it was never in the Loopring NFT design. This kind of feature would be very complicated to add. + +Now that we are seeing active minting we know all the features are done, tested and working. + +Remember Dwangs Tweet in January...! + +&#x200B; + +https://preview.redd.it/zkrpwknxmlm81.png?width=1170&format=png&auto=webp&s=6b7d7e0f15f2a62834c0e6001e27bebbbc6669e8 + +...and lastly a plea to Loopring Discord mods... I was blanket banned in a Bot sweep. Would be awesome if I could be unbanned please. One of the mods kindly DM me... +I just saw this article today and trying to wrap my head around it. + +[Buffett’s Berkshire bought about $1 billion worth of Activision shares before Microsoft deal](https://www.cnbc.com/2022/02/14/buffetts-berkshire-bought-activision-stock-before-microsoft-deal.html) + +I have a few questions that I can't answer by myself. + +1. It seems like they knew about the deal but dow? +2. Is that considering an insider trading if someone from inside Activision informed Berkshire about the deal? +3. Is that the advantage of being a big investor rather than a retail investor? +4. Are we, as an individual investors, ever going to know this kinds of deals before they actually happen? How? Just by following the news? + +I just feel like if retail investors would have known that it's going to happen then most of us would have made a choice if investing in Activision too, just like people jumped on Peloton after the Amazon and Apple news. + +I am not looking to get answers for all of my questions at the moment but just a discussion on this and to know what some of you folks think of it. +My wife and I are looking to buy a home in the new 2-6 years. Each year we will be able to save extra money from our jobs that will go towards the down payment. I know conventional wisdom states to store this money in a high yield savings account (HYSA) or bonds. However with rates so low and the fact our timeline is so flexible we would be willing to entertain more risky options. If our money was tied up in an investment that happened to be down in a couple years we are perfectly comfortable with waiting things out and delaying the purchase of our home. + +&#x200B; + +Is there any kind of investment/ETF/mutual fund that is slightly more risky than bonds or HYSA but comes with a slightly higher yield? Bonus points if its inversely tied to single family housing prices :) + + +Edit: Would a target retirement year 2025 or 2030 fund fall into this category of less risky than an index fund but more return than a CD or bonds? +Hi there, + +I was wondering, what is the methodology for calculating life insurance on yourself, when you are a young professional in your thirties and you have two old parents (near 60 or older) who are dependent on you and whose medical bills keep on increasing over time? + +If I knew how the calculation was done, I could calculate it for myself. + +Also, please note that although getting lots of life insurance like 1-2 crore is obviously ideal, but this is not realistic for low earners earning Rs 30,000 to 40,000 and for whom a majority of their income is going to expenses. So I need to calculate the optimal level of life insurance to take out. That is a realistic assessment of your circumstances and getting the insurance that you need at a minimum and not aiming for large amounts where you will struggle to pay the premium. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +A lot of personal finance advice is straightforward applications of math: Keep expenses less than income. Pay off highest interest rate debts first. Compound growth is your friend. + +Then there are obvious legal requirements and benefits: Use tax-preferred retirement / HSA accounts. Keep insurance in force. Know how self-employment taxes work. + +This post is about less-obvious ways to use "loopholes" / little-known benefits in existing US laws to your advantage. (Our friends in other countries are welcome to lobby for local versions *in their associated personal finance subs*.) + +Here are some that you may not already know about: + +Taxes / tax planning: + +- Take advantage of "[adjustments](http://www.bankrate.com/finance/taxes/cut-your-taxes-without-itemizing-1.aspx)" like IRA/HSA contributions, student loan interest, tuition, moving costs, self-employment taxes/healh insurance paid,etc., to reduce taxable income if you are eligible. You can take these even if you do not otherwise itemize. + +- If you are not a full-time student and earn less than 30K single / 60k jointly, you can use the [Saver's Credit](https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-savings-contributions-savers-credit) to get a tax credit (better than a deduction!) for a portion of your IRA or 401k contributions, even for Roth contributions. You can even deduct a contribution to get your income to qualify. + +- Gifts and inheritances are generally not taxable to the recipient. Other untaxed "income" includes most insurance payouts and damage awards; child support; some scholarships; rebates and loyalty program bonuses. Remember that loans are not income, though forgiven loans typically are. + +- You pay [no taxes at all on long-term capital gains](http://www.bankrate.com/finance/taxes/no-capital-gains-due-for-some-investors-1.aspx) if your taxable income (including those gains) is less than the top of the 15% tax bracket. That could be $95,000 gross income for a married couple filing jointly. You can can do this at any age. + +- Sales of a personal residence often have [no capital gains tax](http://www.bankrate.com/finance/taxes/capital-gains-and-your-home-sale-1.aspx) as well. You have to have lived in the house as your primary residence two of the past five years; you get $250,000 per sale ($500,000 for a couple). + +- If you rent a room in your house, part of all of your housing expenses (including insurance and utilities) [can be Schedule E expense deductions against your rental income](http://www.nolo.com/legal-encyclopedia/tax-issues-when-renting-out-room-your-house.html) (but you need to declare the rental income.) You don't have taxable income / deductions if your roommates who share the lease give you money to send to your landlord. + +- If you received a 1099 reporting income that wasn't really yours , e.g. for selling something on behalf of someone else, use a [nominee distribution](http://www.arahcpa.com/blog/don8217t-forget-those-nominee-1099s/36087) declaration to avoid being taxed on it. + +- If your spouse owes money to the federal government, use an [injured spouse](https://www.irs.gov/irm/part25/irm_25-018-005.html) form to keep the IRS from withholding your share of a joint tax refund. This is different than an [innocent spouse](https://www.irs.gov/taxtopics/tc205.html) situation, where your spouse tried to evade taxes without your knowledge. + +Retirement: + +- Think you make too much to contribute to Roth IRA? Think again! The [Backdoor Roth IRA](https://www.nerdwallet.com/blog/investing/backdoor-roth-ira-high-income-how-to-guide/) may work for you. There's even a [mega-backdoor Roth](http://www.madfientist.com/after-tax-contributions/) for high-income people with certain 401k plans. + +- Employer contributions to your 401k [don't count](http://www.bankrate.com/finance/retirement/employer-match-counts-toward-401k-limit.aspx) against the 18k limit. + +- If you change you mind about making an IRA contribution, e.g. your income becomes too high for it to be deductible, you can simply [remove the money](https://investor.vanguard.com/ira/excess-contribution) before the tax filing deadline without penalty. + +- Self-employed people have [lots of options](https://www.irs.gov/retirement-plans/retirement-plans-for-self-employed-people) for retirement accounts, including a solo-401k and a SEP IRA. This can apply even if you have employment retirement savings. + +Health insurance: + +- If you change jobs and don't have insurance coverage for a time, you have 60 days to elect continuing (COBRA) coverage, during which time you are eligible to be covered even if you haven't and won't pay for it. [This works retroactively](http://www.mymoneyblog.com/cobra-and-retroactive-health-insurance-coverage.html); you can decide to take COBRA at day 59 if you do have major expenses, pay for it, and be covered for the previous 59 days. + +- You won't pay a penalty for lack of health insurance if you have a single [brief coverage gap](http://obamacarefacts.com/obamacare-coverage-gap-exemption/), which is defined as "less than three months." I.e. May 3 to July 31 is OK. May 1 to July 31 is not. + +Example: Chinese phone apps had to stop in-app-purchases for ~1 month before they re-enabled them them en mass. China quietly followed this up with legalization. + +It'll be real interesting to see how this plays out. Collusion & market manipulation may well be involved. + + +* People used to pay each other in gold and silver. Difficult to transport. Difficult to divide. +* Paper money was invented. A claim to gold in a bank vault. Easier to transport and divide. +* Banks gave out more paper money than they had gold in the vault. They ran “fractional reserves”. A real money maker. But every now and then, banks collapsed because of runs on the bank. +* Central banking was invented. Central banks would be lenders of last resort. Runs on the bank were thus mitigated by banks guaranteeing each other’s deposits through a central bank. The risk of a bank run was not lowered. Its frequency was diminished and its impact was increased. After all, banks remained basically insolvent in this fractional reserve scheme. +* Banks would still get in trouble. But now, if one bank got in sufficient trouble, they would all be in trouble at the same time. Governments would have to step in to save them. +* All ties between the financial system and gold were severed in 1971 when Nixon decided that the USD would no longer be exchangeable for a fixed amount of gold. This exacerbated the problem, because there was now effectively no limit anymore on the amount of paper money that banks could create. +* From this moment on, all money was created as credit. Money ceased to be supported by an asset. When you take out a loan, money is created and lent to you. Banks expect this freshly minted money to be returned to them with interest. Sure, banks need to keep adequate reserves. But these reserves basically consist of the same credit-based money. And reserves are much lower than the loans they make. +* This led to an explosion in the money supply. The Federal Reserve stopped reporting M3 in 2006. But the ECB currently reports a yearly increase in the supply of the euro of about 5%. +* This leads to a yearly increase in prices. The price increase is somewhat lower than the increase in the money supply. This is because of increased productivity. Society gets better at producing stuff cheaper all the time. So, in absence of money creation you would expect prices to drop every year. That they don’t is the effect of money creation. +* What remains is an inflation rate in the 2% range. +* Banks have discovered that they can siphon off all the productivity increase + 2% every year, without people complaining too much. They accomplish this currently by increasing the money supply by 5% per year, getting this money returned to them at an interest. +* Apart from this insidious tax on society, banks take society hostage every couple of years. In case of a financial crisis, banks need bailouts or the system will collapse. +* Apart from these problems, banks and governments are now striving to do away with cash. This would mean that no two free men would be able to exchange money without intermediation by a bank. If you believe that to transact with others is a fundamental right, this should scare you. +* The absence of sound money was at the root of the problem. We were force-fed paper money because there were no good alternatives. Gold and silver remain difficult to use. +* When it was tried to launch a private currency backed by precious metals (Liberty dollar), this initiative was shut down because it undermined the U.S. currency system. Apparently, a currency alternative could only thrive if “nobody” launched it and if they was no central point of failure. +* What was needed was a peer-to-peer electronic cash system. This was what Satoshi Nakamoto described in 2008. It was a response to all the problems described above. That is why he labeled the genesis block with the text: “03/Jan/2009 Chancellor on brink of second bailout for banks.”. Bitcoin was meant to be an alternative to our current financial system. + +So, if you find yourself religiously checking some cryptocurrency’s price, or bogged down in discussions about the “one true bitcoin”, or constantly asking what currency to buy, please at least remember that we have bigger fish to fry. + +We are here to fix the financial system. +# Hello Again everyone 👋 + +It's ya' boy B\_T here with another community update post! For a while, I was letting ButtFarm write these posts since he had a real knack for them. Now that he has stepped away (I miss you, man), I am back in the cockpit... so, with that said, BUCKLE UP. + +https://i.redd.it/g8qihv72c9c81.gif + +**DRS Guide:** [**https://www.reddit.com/r/Superstonk/comments/ptvaka/when\_you\_wish\_upon\_a\_star\_a\_complete\_guide\_to/**](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# New mods + +As the sub grows, so must the mod team. We have two amazing people joining us this round of additions. Say hello to Bah2o and Half\_Dane! We had them write a short bio to introduce themselves so I will pass it off to them: + +[u/Bah2o](https://www.reddit.com/u/Bah2o/) + +>"Hello there... \*checks user history\* *Who the fuck is this guy?* +> +>Lol same +> +>In all honesty, I've just been making what I think are helpful suggestions and posting them on the sub or commenting them at the Front Desk. Submissions regarding how the flairs work (or don't, especially on mobile or the old flair list in the menu) and suggestions about how to improve the Wiki and Daily Thread (Lmayo check the "flair systems" link in the Daily 🙈 we're gonna fix that. The only thing I want slipping through cracks are 🍌🍌) Most of my ideas didn't get much, if any, attention by you guys out there in the community, but several of them did get noticed by mods and apparently, they were into that shit. So here I am, getting a shot to share those ideas directly with the mods and hopefully help sub for the better along the way. I'm going to use what ~~little~~ llams power I have —*quick downvote me before it goes to my head!!*— to collaborate with the mod team in an effort to try and spruce up the place. +> +>Bare with me as I get used to the role, I'm retarded too. But if it suck dick at modding, like if I blow harder than the guy behind your local Wendy's or an Wank Street intern working late into the night, I'll tap out. Totally fine stepping down if I can't step up. I used my voice to get here and I've got plenty of ideas, but frankly, I know they don't mean shit if the community doesn't like them or if you have a better one. So it's your turn to speak up and help us make this a place you'll continue to enjoy. If you have any ideas or suggestions for the sub about anything please share them with us! +> +>[https://www.reddit.com/r/Superstonk/comments/rz9odm/new\_year\_new\_gme\_what\_should\_change\_about/](https://www.reddit.com/r/Superstonk/comments/rz9odm/new_year_new_gme_what_should_change_about/)" + +[u/Half\_Dane](https://www.reddit.com/u/Half_Dane/) + +>Hey, y'all, I'm half\_dane and I'm a smoothbrain.(muted and scattered) *hello half\_dane* +> +>A year ago I googled how to buy a GameStop share - not as an investment but as a statement against the corrupt financial system, a participation fee for a demonstration. +> +>Little did I know that this would be the reason to meet a whole bunch of the most curious, hilarious, wholesome, and welcoming smoothbrains anyone could wish for, many of which I call 'friends' by now. Sure, there are always some who relish in creating a toxic atmosphere, who have a short fuse, or who just like to troll, but hardly matter overall. +> +>I hope to be a community mod who facilitates an open and constructive atmosphere, where mistakes are easily made and admitted because they are a learning experience. Where apes can admit they are uncertain and instead of being jumped on, they are slowly and calmly walked through our DD.We are a raucous bunch, and that's part of our identity as apes, and at the same time, we are friendly, welcoming, and kind. That is the image of apes and our community I'm striving to support. +> +>*Be kind: only the strong stay soft!* + +*I am so excited to have these two on the team. Please give them a warm welcome in the comments!* + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🪦 Superstonk YouTube 🪦 + +As many of you heard earlier this week, our official YouTube channel was shut down *(For impersonation of all things ffs).* Unfortunately, even after two appeal attempts and mobilizing the apes to make our voices heard to YouTube that we didn't deserve to be shut down, they still refused to reverse their decision. That said, we will have to create a new channel for our next AMA (we do have one coming down the pipes) so stay tuned for that in the next community update post. + +Some people suggested that we use a different video platform, but YouTube does allow for the word to spread more easily given that its a more widely used platform. It is our belief that this crucial information and these perspectives from our esteemed guests stand the best chance of picking up steam through YouTube. If YouTube wants to take us down again, then perhaps we can explore other options but- for now- we are going to try to make it work with YouTube. + +&#x200B; + +https://preview.redd.it/ml4n22rjc9c81.png?width=400&format=png&auto=webp&s=1edf69bfbb3ccadf22db5f2ffdd44dedd0e25830 + + +Edit: Sorry I am late with this, work took it out of me yesterday. GOOD NEWS! YouTube decided to change their mind on our channel and we got it back. They claim that its actually not in breach of their community guidelines. So that's great! + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🐒 The Superstonk Discord 🐒 + +*Oh yes, you read that right.* + +At long last we are finally launching an official Superstonk Discord Server! We have seen requests for this for quite a while, and so we have been slowly but surely preparing one for you. Its been in the works for months, and following the news of the incoming Reddit IPO that sent shockwaves through our community, we kicked into full gear to ensure that Superstonk had a backup in case of anything going wrong on the homefront here on reddit. + +&#x200B; + +[🚀🚀🚀🚀🚀🚀🚀🚀🚀](https://preview.redd.it/tiwq6semc9c81.png?width=2824&format=png&auto=webp&s=35bffbb12277a39dbfd9c9f8c297421bab2c07d9) + +On January 28th, *the anniversary of the great sneeze* *^(bless you)**\*\*\*\*,* we will be launching phase one of the Discord. This first phase will only be open to the first 2000 users, and will act as something of a stress test for the project. Allowing only a small percentage of the community in to start will allow us an opportunity to fix anything that breaks prior to the full launch, and give us a better idea of the kind of traffic we may be experiencing over there. + +The full, public launch of the discord will take place sometime in February, but at this time we aren't setting a date in stone. There will be updates on this project coming in future community update posts, so if you are interested, stay tuned 📺 + +Also, if you have any experience moderating a discord server, or working on the tech side of things, we would love to hear from you. please shoot u/Chared945 a DM + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 💻 Computershare Decision 💻 + +So I saved this for last, cause it's a doozy. We have seen a lot of back and forth about CS posts and their place on the sub. It's a very opinionated topic, and rightfully so. That said, it's apparent that they can fill up the sub, and, on occasion, they prevent good-quality DD from surfacing. There have been a ton of suggestions as to what should be done about it, but it doesn't feel like a decision that should be made without the community itself having a say. + +So, we come to you with a poll containing two options, either, we should change the rules around Computershare posts, or we maintain the Status Quo. **Some ideas for how best to change the rules around it can be found below.** We've heard some good ideas, but we would like to extend the offer to send us your ideas if you have one that isn't listed here, and think that a change is needed. **First things first, we have to determine if people even want a change, so please make your voice heard in a poll at the bottom of this post.** + +The two most prevalent suggestions we see pop up are the following two: + +**Relegate CS posts to weekends** \- *Only allow users to share their Computershare posts to Superstonk on the weekends (We may consider including Fridays as well)* + +**Relegate CS posts to another sub** \- *Ask that users post their DRS posts elsewhere (likely GMEOrphans, but that can be determined after the fact if this is what the community ends up voting for)* + +^(A note here on the topic of making a button that filters CS posts out: It is my understanding that this reddit feature is currently broken, we've been trying to make this solution work (RIP)) + +***Please note that we will have another poll following this one to determine what action should be taken if the majority vote to make a change to our CS post policy.*** + +Lastly, please- I know this is a topic that a lot of people care a lot about, be we have to ask that the conversation be kept civil. The mods have been privy to a lot of unproductive communication on the topic. It is important to remember that regardless of your stance on any given topic, if you are harassing people, or getting into fights, we will have to take action. Remember that Ape no fight Ape. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Thanks for being such a great community, it is truly a pleasure that I get to pour my heart into moderating this space for the apes. When I took on this role I promised myself that I'd fight this battle till the end and I have no intention on breaking that promise. + +# To the Moon 🚀🌙 + +[View Poll](https://www.reddit.com/poll/s65e47) +**UPDATE** + +**Thank you so much for the very though-out replies. They really made me think. I've decided what I'm going to do after reading your replies.** + +1. **Talk to an adviser and make sure my numbers are correct. (sent out my numbers to one today)** +2. **Get my wife to retire ASAP. I think I would be happier if she were retired than if I were retired.** +3. **Set a definite retirement "date" (thinking 2019/early 2020 sometime).** +4. **Vow to donate whatever I make if I don't quit after my retirement date to the less fortunate (anonymously). That would be so enjoyable, and maybe put some meaning to my work.** +5. **Retire by 55.** + +I am a 51 yo male who has been doing the EXACT SAME boring-ass and non-stressful job at the same company for 25 years (I've been with the same company for 30 years at various positions). There is nothing redeeming about my job as I basically work for “the Man”. Granted, things have changed a lot where I work, but my job has not. My wife (53) and I have two kids in college (paid for). She works full time as well. We have managed to accumulate 45 times our yearly expenses in various brokerage accounts, and 401(k)s. We have no debt. In addition to our savings, both of us have pensions that start paying out at 55 that accounts for 1/3 of our living expenses, so I guess at 55 our savings will be about 60x our living expenses. + +I have attempted to quit twice, once with a formal resignation letter to my boss. Each time, I was offered a more-desirable package of “benefits” in order to entice me to stay. I now work from home full time, and get my work done each day in 4-5 hours, and get 42 days paid-time off each year. + +I have many, many hobbies for all seasons that occupy my time outside of work. I should be happy as a pig in shit about my work situation, but I’m not. + +I constantly have this conflict going on inside me. Part of me says “What the fuck are you working for dumbass!”, the other part of me says “Dude! Who the fuck would quit a situation like you have?” It kind of drives me nuts. I think about it often (TOO OFTEN!). + +I think the problem I have is that there is no end in sight for me. . . stuck doing this boring-ass job, working for the “Man” forever. Maybe another issue I have is that I grew up in a lower-middle class household (when my Dad was employed and very poor for a couple of years when he wasn’t). I really do appreciate what I have. When I started this job, I had $20 in the bank. + +Would any of you quit? +EDIT: THANK YOU to everyone for sharing your thoughts on the matter. I really appreciate it! I probably won’t be checking in this account or thread much anymore but for what it’s worth, this internet stranger appreciates you if you’ve commented and shared your ideas. Have a safe and fruitful rest of 2021 ! 👌 + + +Hello all - + +Some people I know in life are aware of my Reddit account, so I want to avoid anyone knowing about my financial status — hence the throwaway. Now that is out of the way, as the title says, I’m moving from CA to WA and would like to avoid an extensive audit during next year’s tax season as to when/where/why/how I moved this year. + +I have not officially moved yet, but my 30 days has been submitted and will be moving up next month. The capital gains have not been triggered yet, as the stock has not been sold either. + +First question: I was wondering if there were any steps I could take now to start submitting to the CA state tax board to provide proof of my legal and permanent move out of California. Or will I just have to wait until next year tax season and keep an extremely detailed record of everything? + +Second question: assuming the large amount subject to short term capital gains is from stock trading, is the date of sale tracked with IP to confirm I was in WA? There is a chance I need to sell during my exodus, so I might not physically be in WA at the time of sale. Or is it not that specific? + +As long as I am registered appropriately in WA with new DL, voting reg, proof of residency, local bank etc, insurance records etc, will that be enough proof? + +Thanks so much to anyone who has gone through this before! +Happy 2021 UKPF! + +Like many people here at UKPF, I often find myself asking "is it better to rent or buy?" + +Most of the calculators I found on the internet is either too simplistic or feel a bit biased. + +- Many assumes that you'll just hide your cash under the blanket instead of investing them +- Does not include other important contributors such as renting a spare room out + +So I made https://well-planned.net/rent-vs-buy to help people who asks the same question. + +Some features: + +- **Comprehensive**: Calculation includes factors such as house maintenance cost, spare-room rental income and investment income. +- **Pretty charts**: To see how your total assets change over the years +- **Knowledge sharing**: Instead of being just a blackbox, there's a Methodology page which I go into more details on how each factor is modelled in the calculation. My hope is that everyone reading this page can get a more complete picture of what buying a house entails and to factor that into their own calculations too. +- **Privacy**: No information is harvested apart from basic visitor counting (The site uses cloudflare web analytics for visitor metrics) + +Give it a go :) Quesetions and feedback are all welcome! + +TL;DR: I built a comprehensive **rent vs buy** calculator at https://well-planned.net/rent-vs-buy +I hope this is not considered too off topic, didn't know anywhere else I could ask! + +Little background: when I(27M, Italian) finished shool at 19 I decided I never wanted to open a single book in my life. At 23 I understood that it was a very big error, so I started university at 24. I'm now shy of 6 exams to get a bachelor's degree in Business Management. It's a fairly average univeristy/course, not easy not hard. In fact, around the time lockdown came (March 2020 here in Italy) I wasn't very satisfied with what I was learning, so I started exploring other subjects on my own, like IT and programming. + +This led me to land a very decent job even before graduating. I am happy with it, but I'm starting to feel I want to know more, I want to study more, I want to understand more and do it in some meaningful day, that can help other people some day. + +In my current situation I work 40hrs, I study about 4-5hrs for university and roughly read books for about 4-5hrs too (per week). When doing stuff like cleaning the house I listen to podcasts. + +The thing is that I'm starting to feel the need for more structure, because I'm only acquiring notionism and not much else. + +**I want to find a way to study more, and better,** and still be able to afford to live somehow. + +My question is: is there any hope for me in the next 2-3 years to leave my job and be paid for studying anywhere in EU? Maybe some kind of program somewhere I'll be able to apply after graduating? (I speak English and Italian btw) + +My main topics of intrest are everything regarding IT, Economics and Psychology and expecially subjects that connect the dots between them. + +Currently my savings are 10k euros and I manage to save about 500 per month. I have no family to back me up, totally on my own. + +Any insight is appreciated, thank you! +I lived with my mom until I was 18, and then I moved to go to college 800 miles away from her. Since about my second semester, I have received no financial support from her. She is unemployed. I used her income to fill out my FAFSA all four years. + +I am now 22 and have my degree. My mom claims that since I graduated this year and that since I used her on my FAFSA that I still count as a dependent and need to have her claim me as one on her taxes this year. + +Well, the thing is, I now currently have a high-paying job and she is buried in another round of financial troubles. She has taken money from me before, and has claimed me for the last four years as a dependent and I have never received a tax return even though I did also have a less well paying job the last two years of college. I didn’t really care then, but I do now. + +She’s a narcissist with horrible money management and I fear she intends to use me again to get out of her newest string of financial issues now that my grandma has kicked her out of the house for being awful. I’ve brought this up to her and she’s calling me ridiculous and saying it’s illegal to claim myself because of FAFSA, and also that i’ll “get more back if i go through her.” (I’ll probably never see that money, she’ll talk her way out of getting it to me as if it were an olympic sport) + +Is this true? What should I do? I’m so tired of having anything of mine tied to her at all. I try to be financially savvy and have 8% of my income going to 401k and another 20% of post tax going to savings, but I still have loans to pay off and every penny counts. + +edit: you guys rock, thank you!!! + +edit 2: i am a woman + +edit 3:to all those PMing me about mental health support and my mom, i promise you i’m fine! and for all of you PMing me being creepy, please stop. +Hey all, I have a strong background in webscraping, data collection, and analysis and wanted to try messing around with applying this skill set to sports betting. If any of you have worked on a similar project, have recommendations for websites with relevant data (with or without an api), any interest in collaborating with me, or just any other recommendations or relevant info. + +&#x200B; + +Edit: please PM me if you would like to be involved in any capacity, I'll add you to a reddit group + +Edit 2: I’ve added everyone to a discord group that has messaged me +Hey all, I have a strong background in webscraping, data collection, and analysis and wanted to try messing around with applying this skill set to sports betting. If any of you have worked on a similar project, have recommendations for websites with relevant data (with or without an api), any interest in collaborating with me, or just any other recommendations or relevant info. + +&#x200B; + +Edit: please PM me if you would like to be involved in any capacity, I'll add you to a reddit group + +Edit 2: I’ve added everyone to a discord group that has messaged me +Lately seeing a some of SM posts about how someone is no more coz of covid & the family is bit clueless about the money of deceased. Also found this video on [YouTube](https://youtu.be/IGBCp-mU7M0). + +https://youtu.be/IGBCp-mU7M0 + +Video mainly describes how to leverage google cloud for tracking & keeping your loved one in loop. + +How are you guys tracking your money & sharing with your family? It's kind of crucial I guess. +One of the silver linings of this never ending pandemic has been the WFH arrangement which means I am able to save a lot of time which was otherwise wasted on transit etc. + +I have the mental bandwidth to invest some time in some sources of passive income. To give some background I work in banking. However, what I'm not looking for is suggestions like intraday trading as I have a separate plan for that and what I'm looking for with this is a side business I can start which can make me even 5-10 k a month with not much additional effort ( apart from initial set up) + +I explored some options like Tshirt designing and selling in the US ( I'm based out of India) , while I did make few sales it was not converting to much revenue. + +Any suggestions or ideas? Also interested to know what others have been upto with the extra time ( if any ) thanks to wfh. + +Appreciate you taking the time and effort to engage with this post. + +Note: if this is not the right forum for this, happy to delete. + + +As we all know, housing is increasingly expensive and unattainable for those not already enjoying it. There are a few reasons for this but in broad terms it’s being caused by excess demand within the market. Despite this, all government intervention (eg. First home owner schemes) appear to focus on bringing more people into the market. As has been noted by many people, this just leads to more increases in demand and thus further growth in house prices. + +Given the issue lies in excess demand, basic economics would suggest that the solution lies in reducing demand or expanding supply. Whilst there are government concessions in place to improve supply, its effectiveness is limited by the location of employment opportunities & infrastructure. Therefore, the solution should be focussed on reducing demand in the market & should be targeted at reducing investors & international buyers in the market. + +Therefore, the obvious lever to pull would be stamp duty. It’s a tax that already seems arbitrary given how simple modern property transfers are. It is charged to the buyer on the purchase price so would not impact current property owners. It can also be adjusted to target specific groups. While I concede that it is administered by state governments rather than on a federal level, it seems like the only option that can be used to achieve the desired outcome. + +The way I see it, the solution would be to implement a stamp duty policy such as: + \- First time home buyer: 0x stamp duty + \- Non-first time home buyer (eg. Upgrading or changing home): 1x stamp duty + \- Domestic investor or corporate entity purchaser: 2x stamp duty + \- International purchaser: 3x stamp duty + \- PPOR changes to investment: pay the difference in stamp duty + +This would therefore raise the cost of purchasing property for investors & international buyers and would make property a weaker investment, given that the rental yield would need to be higher to return enough to cover the cost of the stamp duty. It would also increase the required equity for investors as they are required to pay stamp duty upfront and cannot include it in the mortgage. This would effectively advantage home buyers against investors in a situation in which they are otherwise disadvantaged (as investors can often utilise existing equity & new rental income in order to access a higher loan for the purchase, not to mention tax benefits). It could even be scaled to better target property hoarders that use existing equity to amass huge property portfolios (eg. 3x stamp duty on 2nd investment, 4x SD on 3rd purchase, etc.). + +Despite being the obvious solution, I’ve never seen anyone mention it. Why is this never considered? +By way of some background, I (35M, Sydney) didn't take my education, career, finances or future seriously as a youngster. I did terribly in the HSC and got a job in a call centre straight out of school where I felt stagnant and unfulfilled whilst earning $50k pa at the ceiling. I made the decision to change careers in my mid 20's and went to uni to study law (note: though I do highly advocate that it's never too late to make big changes to better your life, I personally wouldn't recommend law as a career option in hindsight - but that's another story). It's been a tough decade since then of mature age education, training, work experience, and sacrifices, but I've been working full time now as an in-house lawyer for about 4 years and my current salary is $140k-$175k pa (depending on profit share). + +I guess that's some context to the purpose of my post. I currently have a super balance of $120k with AusSuper (invested in 100% international shares). I have $140k in a "HISA" which I've been saving for a property deposit, but I am increasingly moving away from the idea of home ownership towards more of a passive long term investment strategy. My plan is to keep a $40k emergency fund, and invest the remaining $100k in ETFs with a 70% VGS + 20% VAS + 10% VGE split. Online brokerage through SelfWealth, and I plan to purchase more ETFs in $5-10k blocks as I continue to save. + +I also have $5k in Spaceship (universe portfolio), which I don't plan to add to (set and forget, opened out of curiosity). + +Not sure if it's obvious, but I (somewhat regretfully) only started educating myself about investments and financial independence over the past 6 months - though I have been saving for a while. This reddit community has definitely been hugely informative. + +It would be great to get your views on the above approach, particularly with respect to portfolio diversification aspect. Also, how would you go about purchasing the initial $100k of ETFs - would you buy them all in one go, or spread out your purchase into periodic blocks (which I tend to think is the less risky approach). + +Many thanks +It has happened to me earlier this year but fortunately luck was on my side. But this trader in question lost $60 per spread when his max risk defined was less than $1. That’s why I wanted to share it with this community. + +TLDR; ALWAYS close your spreads, never leave it to expire worthless. There is a slim time window AH during which your long protection has just expired worthless but your short option can still be exercised. + +https://youtu.be/rtVFj9nRRDo + +Edit: some members suggested that this title is click baity. I want to clarify I am not subscribed to project options in any way. +Some members also suggested that this post gets repeated a lot around here. I’m sorry about having posted something that you already know. From the type of posts in the daily thread, I know there are tons of new traders here. Plenty of people have tried to explain this risk in this group before but I just think this video sums it up nicely and refers to a real example that’s fresh in memory (TSLA being kicked out of SnP500 inclusion). +A recent post by u/bpawsitive about the DTCC’s next move from their playbook is going to be epic. https://www.reddit.com/r/Superstonk/comments/rqvwpm/dtcc_to_weaponize_chill_and_freeze_on_meme_stocks/?utm_source=share&amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;utm_name=iossmf + + +We’ve been through the ladder attacks, the fake news, aka flat-out lies and manipulation, the hiding of the buy button, the deliberate stalling of Direct registration, the Fidelity back stabbing, PFOF, and the list goes on. + +Hahaha, this next one, oh man, Chill and Freeze are gonna be a huge upset for the DTCC. More eyes should be one this story https://www.linkedin.com/pulse/dtcc-weaponize-chill-freeze-meme-stocks-tale-quid-pro-a-p- + + +Here’s a little excerpt: + +To those of you uninitiated to the world of equity trading, "chill and freeze" tactics are the two main defense protocols when the DTCC's insurance policy comes into a direct threat. From time to time a problem might come into the DTCC's periphery that could pose harm or threat to the company or the market itself. Systemic risk is always on the forefront of DTCC's risk management officer's mind. However, systemic greed trumps logic and good sensibilities. The GME/Popcorn play is a fine example of this in action. When a securities starts to pose a systemic threat, the larger institutions are the first to be notified. Companies like Citadel and SIG will most likely defer to senior management to create avenues of approach to stay in the play, whether it be through paying a larger sum in margin requirements, extended courtesy's or some kind of plan that demonstrates a possibly exit strategy. It's my belief that the short hedge funds have done a combination of the three to stay in this play. The one deficit DTCC has miscalculated in the retail sentiment for these two securities. Retail investors are united in this play. With a brilliant decentralized leadership model, the retail investors have invariably committed to the notion that they would rather hold than sell, as a means to garner attention to the corruption on Wall Street. + +A "chill" is a restriction placed by the DTC on one or more of it's services, in order to quell volatility and gain some semblance of control, however, this tactic will not work. The psychology behind the "chill" is to create a sense of urgency for retail investors to exit their positions. These chill periods maybe for a few days but can stretch up to 30 days depending on the reason. This downtime is supposed to create a fear that they will lose money if they do not sell upon the termination of the chill period. This is where the risk management officer will make a critical and potentially fatal error. + + +EDIT: I don’t think Computershare will be able to complete its requests if Chill and Freeze is invoked because CS has to request to withdrawal and the DTC has to play ball. However the spoiled rich kids are saying chill and freeze is a timeout and they taking the ball and going home because their losing their own game. So no I don’t think anyone will be allowed to do anything. Which will cause more FOMO and when GME comes back online it will be opening a flood gate of queued purchase and waiting for transfer. And the rich kids black eye will still be there after the timeout. + +Tell the rich kids that this time is different and mommy is not here to save you. Prepare for an ass kicking you little spoiled brats. + +EDIT 2: Let’s not forget that GME has already declared that if the DTCC is not capable of doing their job that GME will remove itself from their system and seek another platform. + +Edit 3: SEC supports Chill and Freeze https://www.investor.gov/introduction-investing/investing-basics/glossary/dtc-chills-and-freezes +Think about it, after bouncing around from 150-200 for the last 7 months with some spikes above, the stock is doing something different. This means that the game has changed, or at least the variables are changing. + +That being said something to keep in mind is that we know from the retail side that the main change is that Apes are DRSing shares, which is locking the float. Apes are still diamond handing the stock and not selling there has not been a significant FOMO event to invite new paperhands in. So other than removing shares that we thought were restricted to ensuring they are nothing has changed. + +This means changes are happening on the SHFs side that is causing the stock to behave as it has. As much as we like to make fun of the SHFs they are not dumb and know all the tricks in the book to manipulate the stock and shareholders in an effort to control the price and narrative. If they know all these tricks then the question is why now. Why wait 7 months for them to make this play and drop the stock like this. What is different about this post-earnings trading period vs previous ones? + +I have to think SHFs are doing this out of desperation or fear. There is a multitude of external factors that could have this thing blow up in their faces, and all those timetables are shrinking and synchronizing. + +The analogy of us playing poker against the SHFs is a perfect way to think of this. We have the nuts there is no hand that can beat ours, but the SHFs are bluffing and posturing in an effort to try and have us make a mistake and fold our hand. It's the only way they can win and they know it, so they are shoving their chips into the pot and declaring All-in. All that is left to do is to flip over our cards for the world to see and collect our tendies. +Or is it advisor? I'm 66, CA state retired, 11k in 401k. SS and a pretty decent monthly pension plus full health. I need help with a budget. Saving. Investing. And insurance to help my 2 daughters (1 severely bipolar disabled) after I'm gone. I've spent a lifetime jumping from one nightmare drama to the next. Fleeing a violent marriage with my girls after 23 years with nose and teeth intact, losing my home to the recession, and dealing with my addict bipolar daughter. On top of it all, I'm a vet who has worked hard all her life. It is relevant because I have not learned to take care of my needs, of which I am woefully unable to articulate. I don't want to believe that it is too late, or "ship sailed." And I can't even imagine what a happy retirement would look like. If there is hope to get educated, confident, and financially in control going forward, could someone please kindly advise what professional I would look for? Charges? Fees? This is big for me but it's a start to take some happy back for myself. +I'm 27 and I finally feel like I have come to a point where I can start saving even a little bit. I can realistically save $1000 a month from my two jobs income that give approximately $3,000 a month after bills and what nots and I want to start seriously saving for the future. I only heard of a Roth ira account from people I know around me at work but I don't know anything about it . I went to a bank to ask the teller and they gave me a business card to call them when ever I'm ready but I just want to know what exactly is a Roth ira account and is it a good thing to have and what requirements I need to have before opening up one. +My tenants finally moved out from a 4 bedroom apartment paying only 1$k and were students. We did some renovations and my father suggested we rent each room for $500 for each room. He said to include free internet and electricity. Internet would cost 50, electricity around 150 a month. Is offering those included sound like a good plan or I might have surprises for the electricity bill? Anyone has experience with student renting? +Think I'm borderline fat fire ($8.5M total assets). fire'd myself end-May after 25 years in tech. So far, so good although there have been some things I've had to figure out. Here's my trip report so far... + +Money sitch: I keep 3 years draw in cash + ultra short duration bond ETF plus a rainy day fund of $50k. Taxable stock/fund portfolio of $3.2M, IRA of $1.2M titled hard towards value/international. $2.4M of investment real estate in HCOL/tech cities. Separate account with 100% of kids college funded, $80k per kid for starting out stake. I like the feeling of: worst case scenario, it's a problem I have three years to figure out. No money stress. + +Spending: yield on taxable account plus rental cash flow is $75k per year. \~$30k in consulting assignments (\~5 hours per week) I have taken on, plus my old company is still paying me another $30k per year in deferred benefits. Wife still works ($130k per year) and I'm drawing down $15k per month. Our spend is \~$400K per year for us + one kid (doesn't include kids in college, that money is separate). It feels like the city I live in has 10%+ inflation but generally that spend level meets our needs. I'm drawing down \~3.5% of my investment assets annually. I worry about inflation medium term but the gains I'm making on real estate (also have $2M+ primary residence) feel like a strong hedge. + +So what do I do with the freedom? I've traveled a ton - camping, Europe for a month. Gotten in much, much better shape (I'm 52 so that's relative) and have been trying to change all of the bad habits (drinking, weed to deal with work stress) that I've developed. So far so good. I stopped drinking for a month and now I have 2 drinks at most in a week (down from 10+). I've gotten to love the public library again and am reading a lot, and taking language lessons almost every day. + +There are three things I've been trying to navigate. While firing myself felt like hitting the finish line for me, I still have one kid at home and my spouse isn't ready to just hit the road...definitely some tension there. People I know think it's a bit weird that I've "retired" at 52. That conversation can be a bit awkward...when people ask me what I am doing, I tell them I'm looking for meaning...that's usually a pretty short conversation. Lastly, working through all of the ways I've conditioned myself to set goals and assign value. It's pretty interesting how our own minds, habits and reference points can be our own worst enemies at times. + +I thought I would miss the camaraderie and the intellectual stimulation of work, but it's really only the people I miss...I find that I can create way more intellectual stimulation for myself. We really have created a world for the curious in terms of services (podcasts, audio books, MOOC, online language/other courses). I'm never going back. For now just trying to stay open and focusing on the habits/skills I want to build on - languages, meditation, parenting, tennis. And I take a siesta every single day... +- 130k salary +- maxing out 401k and roth +- investing in etfs in taxable accounts + +After all my expenses (including unnecessary expenses such as leisure expenses), at the end of every month I still pocket around $2000-2500 that I usually put most into my savings account. I take this home every month even when I’m maxing my 401k and roth. Is there a way I could possibly do something a little bit more risky to potentially generate more side income with this extra money I have every month? +Sorry if this is the wrong place to be posting this, if so please direct me to where I can find some help. + +I’m disabled so I saved up and bought a used car from Facebook for my boyfriend to help me get around. It was listed as in good condition, passed its MOT, no problems with it whatsoever. We had a friend who does some basic mechanics to look at it and all seemed fine. We paid 1.7k GBP for a Toyota Yaris 2007. + +We used it for under 2 months, mostly back and forth to the shops, 1 long journey as sadly my partners mother died suddenly of a brain haemorrhage which was about 400 miles round trip. + +We tried to go away for the weekend as it was already booked and paid for. We weren’t going to go but thought it would help him grieve. On the road there was a weird noise and smoke started billowing out of the bonnet. Oil leaked out all over the road underneath. We got a rescue out and he said that underneath the engine was all rusted and obviously hadn’t been checked in a long time. Mechanic told us theres a hole burst in the engine and said it was very unusual. He said he’d only seen something like this once in the past 5 years and it was very obviously not from any error on our part or “wear and tear” on the vehicle since we bought it. + +We’re waiting to hear back as we were paying for fully comprehensive insurance through Churchill. This damage is not our fault and we had no way we could’ve known about it when we bought the car. I’m getting a lot of conflicting information - I don’t know what’s true and what isn’t. + +What we are being told is: + +We will not covered by our insurance policy AT ALL and can’t get any money or car replacement through them as it’s a write off NOTHING because the cost of repair is about the same as buying another car. + +We are not entitled to any refund via the seller nor the bank. + +We can’t even sell it for scrap (which I’m pretty sure is nonsense). + +I saved up for 2 years to buy this car. I’m on a fixed income and now we need it to attend my partners Mothers funeral. I’m very ill at the moment and my partner is stressed a grieving. + +Can anyone please help with any advice about what to do? I’m worried if they scrap it I might have no recourse because I’m not aware of my rights or what I needed to do about this. + +Many Thanks 🙏 +GM(E), + +Wanted to share a stat that I'm incredibly proud of. The most obvious thing about Web3 Games today is: there aren't many good ones live. + +The good news is, it's the most invested in category in tech history in the last decade (>$15B USD invested in < 2 years). People realise the future is one where people own their assets, rather than get scammy in-app purchases that mean nothing when the game is relegated. + +The core metrics we are measuring for our growth is our marketshare of games we think have a chance of being a 10 million player hit. We've outperformed massively this year - onboarding more games in the last 4 months than the last 2 years combined. Most importantly, they're all significant games - the CEO of Riot Games Asia dropped out to found a MOBA on Immutable - level significant. + +[https://twitter.com/0xferg/status/1603165229948751872](https://twitter.com/0xferg/status/1603165229948751872) + +These will all be launching over the next 12 months on GameStop. One hit game will dwarf the rest of speculative / PFP volume by itself. + +You're a critical part of that journey, and I can't wait to deliver exceptional, genuinely fun games into your hands in 2023. + +Robbie + +&#x200B; + +https://preview.redd.it/aq317c7e6y5a1.png?width=1618&format=png&auto=webp&s=e131ddd220ebcf4ace1b9f05f14d832813e35b71 +### Context +Employer allocated 20k for LTA limit and started this from Jul 2021. + +### Issue +If LTA is disbursed as a lumpsum from the employer then I'm entitled to claim of 20k. + +If its on a monthly basis I can only claim 10k i.e. (20/12\*6 months). I've seen many companies calculate it on a monthly basis but haven't heard of any strong foundation/income tax order for this. + +`Note:Not sure on how this works from the employers side, I'm aware of the block year applicability for the employee.` +Hello all, + +This is Gaurav from [KUVERA](https://kuvera.in/) + +Welcome to the AMA on Kuvera, MFs, investing, quants, etc.. [https://imgur.com/a/cQq9QGK](https://imgur.com/a/cQq9QGK) +CMIE estimates 18.9 million salaried jobs have been lost April-July. Thats over 20%of total salaried jobs of around 91.5 mln(as per last labour survey report of NSSO).. And we are only talking loss of jobs. Loss of incomes is more severe due to pay cuts. Tough times ahead. +Hi everyone, I am a 22 year old software engineer who recently started investing and would like to seek your opinions regarding my financial portfolio. Please pardon me since this is going to be a very long post. I hope this post helps me as well as others looking for similar strategies. + + +PLEASE READ BEFORE PROCEEDING + + +Some points to consider before talking about my portfolio: +1. I have been quite fascinated by the ideas of Bogle and Warren Buffet and believe that the passive investing is the way to go for me (helps in avoiding high expense ratios and management risks). Also, I would like to prefer index funds over ETFs wherever possible because or liquidity concerns since I believe that the ETF market is yet to grow enough in India for me to buy ETFs without worrying about selling. +2. I would not have much time (and do not want either) to go through the financial reports of each and every company and do trading/investing in specific stocks actively. So mutual funds is my way to go to get the right diversification without much hassle. +3. I have been fascinated by Ray Dalio's All weather strategy and other similar strategies that consider all seasons occuring with equal probability so you'll find equity % to be less in my portfolio. +4. I do not have any financial burdens, previous loans or any EMIs, so starting at level 0 (and not negative) +5. Lastly, I don't have any financial goals as of now (no higher ed rn, no home, no FIRE). Hence, my portfolio will be intended for long term investing with financial independence as the only goal. + + +EMERGENCY FUND + + +I had posted another post earlier: [Link](https://www.reddit.com/r/IndiaInvestments/comments/nyr6li/seeking_opinions_on_emergency_funds/?utm_medium=android_app&utm_source=share) + +To summarize, I plan to keep 6L as my emergency fund (will increase over time). Since, I am not sure about Liquid Funds vs FDs, I'll invest equally in both and decide over time on which one to prefer. + +2L in Savings Bank Account + +2L in FDs + +2L in Liquid Funds + + +The liquid fund here is divided into 50k each subsets in Franklin, DSP, UTI and Edelweiss Liquid Funds. + +Ques: Let me know if you would like to suggest some other liquid fund over this. + + +PORTFOLIO + + +1. Since, real estate (REITs specifically) and commodities market aren't big enough in India, I will skip them and instead use Gold itself as an hedge to inflation. Thus, I have three asset classes in mind: Equity, Debt, Gold. +2. I'll consider EPF and PPF as part of my debt portfolio so that I am not underexposed to equity in overall portfolio. To solve rebalancing issues, I'll invest some part of debt to bond mutual funds. +3. After research and analysis, I found SGBs to be best instrument for investing in gold, so I invest in 75% of gold portfolio in SGBs and rest 25% in gold ETFs for easy rebalancing. +4. Since, India is still a growing economy and markets haven't saturated yet, a great alpha still exists in the market. So instead of following a 100% passive approach, I'll follow 80% passive, 20% active mutual fund approach. US equity will entirely be passive. +5. The fun in the game is to speculate/trade on individual stocks/IPOs or cryptocurrency. I'll keep a small part of my portfolio to these risky investments and assume no expectations from this part of the portfolio. + +Ques: Any comments on the above assumptions are welcomed. + +Here's my final allocation: + +EQUITY TOTAL: 36% (India:30%, US:6%) +________________________________________ + + +NIFTY50: 24% (split between two index funds) + +Axis Blue Chip Fund: 6% + +S&P index fund: 6% + + +Ques: Do help me here on how to invest easily in US funds, would you prefer Vanguard directly or invest via Indian AMCs like Motilal Oswal offering an index fund in India that tracks S&P/NASDAQ + +Ques: In US markets, in many researches I have read that over a very long period, in passive investing small cap equity almost similar to large cap equity (+/- 1%) with much higher risk. Although, since India is a growing economy, do you think I should split my 24% of NIFTY50 among large, mid, small cap equity (maybe like 80:15:5 ratio for NIFTY50:NIFTYNEXT50:JUNIORBEES) + + +DUMB RISK TOTAL:4% +__________________________ + + +Calling speculation, trading, gambling, cryptocurrency, IPO etc as dumb risk and limit this part to 4%. This part of portfolio is only meant for fun, try out different highly risky assets. + + +DEBT TOTAL: 50% +______________________ + + +EPF: 24% (Deducted directly from my salary, includes both employer and employee contribution) + +PPF: 15% + +GILT Bonds: 1% (for rebalancing portfolio, this will increase over time as I get increments since PPF is capped at 1.5L) + +Intermediate Bonds: 10% + + +I know that a lot of people don't consider retirement accounts as part of portfolio but I believe that everything has an opportunity cost. If I would have minimised my PF contribution to 1800 rs (as mandatory), I could have invested that money in bonds MFs. So, I should consider EPF/PPF as part of my portfolio as well. Do correct me if I am wrong here. + + +Ques: I could not find index funds for bonds in India. Could you please guide me through which bonds MFs I might choose for this. Since, I am already taking exposure to long term debt (using PPF/EPF), maybe short-term and mid-term should be the way out? + + +GOLD TOTAL: 10% +___________________ + + +SGBs: 7.5% + +ETFs: 2.5% (for rebalancing) + + +Now some general ques, +1. While I am investing in US equity, should I also diversify my debt portfolio to US bonds as well. I haven't considered this yet since I do not understand currency risk and US bond markets yet. + +2. Should I invest a part from gold portfolio to REITs and Commodities in US market. I have skipped this part so as to not overcomplicate my portfolio + +3. Gold is meant as a hedge against inflation and volatility in the market. Long volatility is another way to go about hedging against volatile markets. Does options help here or is gold enough to keep my portfolio simple. + +4. Should I consider floating rate bonds as part of my portfolio (maybe like 7.5% gold and 2.5% FR bonds)? + +Note: All these percentages are theoretical and not hard coded and might be changed. I tried to keep everything a multiple of 3 as to get everything in integers when actually investing via SIP monthly) + +Thanks a lot for reading till here! I am no financial expert and just a kid starting out in real world. Would love to know your asset allocation and portfolio and your experiences during your financial journey as well :) +I don't believe I need to ask, I feel that most people here can feel...something...in the air. There's a tingle to the tits and deep down, zen or not, I think you see pieces coming together in a big way. I could go on exceedingly about separate tinfoil theories that I could speculate piece together into this puzzle, but I want to focus on the pieces in front of us. Specifically, the upcoming ["Gaming Wall Street"](https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwjmk6iMoJ_2AhWkMX0KHUowDeMQFnoECAgQAQ&url=https%3A%2F%2Fwww.imdb.com%2Ftitle%2Ftt18332840%2F&usg=AOvVaw1tjCeeGtZe0-pjNs1FqPdS) documentary, the upcoming ["The Problem With Jon Stewart"](https://www.reddit.com/r/Superstonk/comments/sq8t5p/if_you_want_moass_and_you_have_a_twatter_account/) episode, and more importantly...**grassroots advocacy**. + +**TL;DR (but you should definitely read/critique it)** + +I believe Dave Lauer, Tobias Deml, Jon Stewart, and others are about to disclose some gnarly new info and quite literally hand us individuals a microphone wired directly to some very "important" people using a proven **grassroots advocacy** approach and cause the ongoing tale of Gamestop to go viral once more in ways that can no longer be ignored...again. This will begin next week, July 237th. Because of this...we need to be vigilant and wise. + +# The Problem + +We are all aware of the new episode of The Problem hosted by Jon Stewart dropping next week July 237th. We know that this specific episode will be featuring some very important characters within this story that all of us individuals just happen to be a part of. Gary Gensler and DLauer in the same room talking about the beloved? Jon Stewart has a history of rustling feathers as well. Had you told me this in my weak state of un-zenness, well... I'll leave that up to your imaginations. + +What DL has openly said on the matter. + +*"Amidst the backdrop of extremely distressing global events, there is a lot happening in the world of market structure. Next week will be a week unlike any other, since Jan 2021. We've got some very big initiatives coming together - an incredible confluence of events taking place."* [Tweet](https://twitter.com/dlauer/status/1497243887836057602?s=20&t=eSb-8ObDZjBbvlOpC22E3g) + +https://preview.redd.it/axhlpsmm9ek81.png?width=1482&format=png&auto=webp&s=33d401027589f8070892dcf80e8698c496e1b8cd + +and + +*"I'm excited to reveal what we've been working on - I think next week will mark the "end of the beginning" - we've all learned so much, and now it's be time to organize efforts and make our voices heard. 2022 will mark a turning point in market fairness and efficiency."* [Tweet](https://twitter.com/dlauer/status/1497244339562586139?s=20&t=eSb-8ObDZjBbvlOpC22E3g) **(Just noticed his typo "It's be time...", sounds like a...Pirate?**🏴‍☠**. Funny typo)** + +https://preview.redd.it/a1qcniso9ek81.png?width=1482&format=png&auto=webp&s=7dccbdfcf5a1f87680c9e7a8bae5a2f32ba94d63 + +Now the DL comment that I'm interested in making a point with. + +https://preview.redd.it/05ezb8sq9ek81.jpg?width=750&format=pjpg&auto=webp&s=0c68dd82ee73e5d44d99b57c6c3b5ebabd8eeaa1 + +Grass...roots...advocacy. More on that later. + +# Gaming Wall Street + +This one has me intrigued, yet still hesitant. There are talks about some more very important characters to this story appearing to have "significant...screen time". One of those characters, non other than DFV himself. This coming from the directers keyboard himself. + +[Thank you u\/TripleKnockout for the assembly of comments. Go look](https://preview.redd.it/pworcg8t9ek81.jpg?width=729&format=pjpg&auto=webp&s=5c6ae1e3c29758040994a7e5e6dfbc0486a83a12) + +&#x200B; + +Not only is DFV a potential, but the topic of synthetic shorts and FTDs is, supposedly, a focus. This could be a key difference in what we've seen before. + +I've been around since April. I'm ashamed to admit that I missed some of the most significant portions of this tale. However, I've been around long enough to learn to be skeptical until proven wrong. We've seen some shady dealings with some shady folks either simply trying to leach energy from the saga, or flat out using it to twist our tits (and not in the glorious way we like) by disclosing false information about it or lacking crucial details in order to spread more misinformation. Others may have been pure in motive, but I can't think of many. + +In saying that, I have found myself leaning towards intrigue regarding this one. Perhaps not as much as I am with the Jon Stewart episode, but perhaps so because I think they might be linked and \*kithing. Again more on that in a little bit. I promise. + +Whatever the case, Director [Tobias Deml](https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwjwpcGDkZ_2AhVkLTQIHYF_BSMQFnoECBEQAQ&url=https%3A%2F%2Fwww.imdb.com%2Fname%2Fnm2993564%2F&usg=AOvVaw1lBFqSQfvb2oXJbmWgIq1R) is said to be an actual ape. An Austrian ape. An actual Austrian ape. There's not much, really not anything, that I have dug up to discredit this. So for now I wait with eagerness to hear what he has to say. (I'm not going to lie, as a filmmaker myself, I'm quite a bit jealous that u/tobiasdeml has beaten me to it. Well done and more power if that's the case.) + +&#x200B; + +>*perhaps so because I think they might be in linked* + +Why do I suspect they might be linked? Glad you asked, weary traveler, listen to my tale. + +Check it. I'll make it easy to slip the tinfoil around your slick dome. + +**Dave Lauer-** + +https://preview.redd.it/mddbh2qubek81.png?width=1374&format=png&auto=webp&s=7bae360a5c81eede3d43e713c65ca45043f0e996 + +https://preview.redd.it/pqoeunm6aek81.jpg?width=700&format=pjpg&auto=webp&s=07abb5d10b902e9f6c5d15a3898a1b83bbd87383 + +&#x200B; + +**Tobias Deml-** + +[\\"Be read, and get ready to be loud.\\"](https://preview.redd.it/j8ey0zh8aek81.jpg?width=713&format=pjpg&auto=webp&s=9f88958e400ea48602d63a7c89658e442a142b00) + +[\\"...we're taking it one step beyond...\\"](https://preview.redd.it/puc5zdn2cek81.jpg?width=567&format=pjpg&auto=webp&s=455f8a47ab38dc0f9c0971509757c5708923d73a) + +# + +# Now, what is Grassroots Advocacy Papaw? + +*"*[*Grassroots advocacy*](https://www.quorum.us/solutions/grassroots-advocacy/) *makes it possible for citizens and organizations to elevate their voices and impact the issues they care about. At the core of effective grassroots advocacy are campaigns that build widespread support in order to shape political dialogue."* + +Here's an authentic example. It's a bit of a dry read at first, but once it clicks....oof. + +[Giving Voice: The Power Of Grassroots Advocacy In Shaping Public Policy](https://www.gih.org/files/usrdoc/Grassroots_Advocacy_Sunflower_Foundation_November_2010.pdf) + +[Let's look closer](https://preview.redd.it/zvgopf8caek81.jpg?width=750&format=pjpg&auto=webp&s=fdae5875778658b73d9d87aa42f90ebef614f019) + +[Another one- DJ Khaled](https://preview.redd.it/boay0wzdaek81.jpg?width=749&format=pjpg&auto=webp&s=9094b469a1d91445528be617f65e2f50b00902dc) + +https://preview.redd.it/fuc4q0qfaek81.jpg?width=677&format=pjpg&auto=webp&s=e6422cc051f08d5ae4fc83e150ed1139cf6c23f7 + +Grassroots advocacy is literally giving a voice to the people who have been left mute and ignored by, quite literally, **giving your voice**. + +I am quite convinced that Dave Lauer, Tobias Deml, Jon Stewart, hell perhaps even the Gensler, are potentially going to make a massive move next week. I believe the big move will be not only disclosure of details that even we individuals have yet to unearth but more importantly us individuals will be thrust into the "spotlight" along with our beloved, in order to be heard. Personally. Way more personally than we have ever had the opportunity to do so before. However, not every opportunity should be met with haste. + +>*"Its one thing to know everything that we know we know. It's another to know how to use that knowlege appropriately and effectively. Thats called wisdom bud."- Me* + +Now what I urge us to be vigilant about is exactly this. We have comically but not so comically seen what happens when the outside world asks Red dit folks a question and then air it out for the world to see. We have also been exceedingly careful to state the fact that we are unorganized, individual investors who like a stock. I'm not saying that dark forces could use our voices against us to paint a different picture, but let's be honest, desperation does weird things to the desperate. Am I then saying that some of these people that I've mentioned here are the bad actors? Absolutely not. But the true bad actors will use everything opportunity they can down to their dying breath, which we may be seeing here very soon. All I'm saying is to be aware of what's happening, because zen or not, here it comes. + + +Edit: “He's gonna launch his platform based on market transparency for retail that he's been working on for the past months. Great way to circumvent advertising infringement this post is. 😂” + +I’ve received a lot of these comments within this post. The thought behind them being that Dave Lauer and the accompanying characters within this post are simply advertising the new Terminal that has been being worked on. My response has been “I’m sure there’s some of that. But he’s also on the John Stewart show specifically talking about what’s going on. I hardly believe that what he’s hyping is only his terminal.” + +There’s something different going on, something big. I can’t say what. If you don’t believe me, take it from Dave himself. He’s in the comments refuting the “false hype” mentality. + +Edit 2: even I stand corrected. Dave is out right saying that the terminal has nothing to do with the hype. So there you go. +FUCKIIIIN IDIOTS. + +I’m the laughing stock due to my original investment prior to the feb fuckery… + +I don’t care I joke along with them as I have tried to have a real convo and it got no where.. + + +I’ll be the GameStop guy right up until my retirement… AND IM FINE WITH THAT!!! + + + +I LOVE MY STOCK AND I LOVE MY COMPANY AND MY APE BROTHERS!!!! + + + +GME TO THE MOOOOOOOOOOOOOOOON🚀🚀🚀🌕 +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! + +- pictures of license plates +- pictures of chocolate coins +- pictures of ATMs +- pictures of billboards/posters +- pictures of what payments small businesses accept +- pictures of crappy artwork which just happen to include a btc logo +- pictures of people manipulating letters to spell “buy btc” + +Or is it just me? +I never thought this day would come! But we received an email this morning saying they are going to begin furloughing. We close on our house June 12. Not sure what to do... it’s not for sure they will choose my division in sales first! +*Edit: 9:44 am EST: Mod wrote: "Seems like you've missed that institutions loan out their shares," proceeds to add inst, etf, and mf shares in front of me, and then changes my flair to 'debunked' without reason.* + +*Edit: 3:30 pm EST: After I then engaged with the community to show that 'Shares on loan' (sitting at 86.2M and which I already tallied) is a current sum and already encapsulates those inst, etf, and mf who did loan out their shares, the flair was changed to 'inconclusive.' But what's 'inconclusive'? What's still not conclusive about this?* + +*Look: This is not rocket surgery, and it doesn't change the script to keep buying, DRS'ing and holding. It simply explains why most of the volume is being routed off exchange, and why short volume represents the only selling volume. It's just simple addition; it shows that short-sellers are \*already\* trapped, and that now it's known that any shares trading at the $26 level may be short-lived. This very well may be the cheapest opportunities, right now, to buy more and accelerate DRS. The rational question is: who in their right mind would continue short-selling here, further giving away shares at these prices? They're beyond-beyond-beyond intergalactically stupid; I am extremely happy to step in and buy droves of these shares at these price discounts.* + +*The point is: short sellers, upon a scramble, cannot fit a large square peg \[86.2M shares already loaned out\] through a small round hole \[representing the current-trading float that's only 67.7M wide\]. I'll leave what will happen \[to the GME price when they soon try\] to your imagination.* + +*IMHO: get your shares here to DRS while you still can at these cheap prices, while the clown-faced short-sellers are just handing them away while hedge funds \[like in 2008\] are again chanting, "let's crash the economy."* + +*Happy Halloween, clowns! Weeeeeee! Eeeeeeee!* + +# + +&#x200B; + +# Current GME Share Ownership: 67.7M unaccounted for + +https://preview.redd.it/x06izwj38au91.png?width=309&format=png&auto=webp&s=285b614f234dc15fd0197173151a2769c22f9195 + +# Shares on Loan: 86.2M + +https://preview.redd.it/ryje4bx28au91.png?width=2560&format=png&auto=webp&s=7699c26950e3f1234d798f1335240ce41a6019f1 + +# + +# Right now, 18.5 Million more shares than what are freely traded in the float are loaned out. This means the float is technically already locked. Porsche used similar analysis in their October 2008 disclosure of share ownership, which led to the Volkswagen squeeze: + +&#x200B; + +&#x200B; + +[As you can see, from the Porsche letter on 26OCT2008, they performed a similar analysis which led to the Volkswagen squeeze. They were able to justify a 'locked float' using derivatives holdings as well. In today's GME situation, the float is locked without looking at derivatives. But, what if we went a step further and included derivatives as well?](https://preview.redd.it/d2420v6k1au91.png?width=1239&format=png&auto=webp&s=12bfa2eb04d4876e8fabee45f273123f4525c2af) + +# We can go even further and include derivatives holdings if we want to. Let's look at what happens to our locked float when we do so: + +&#x200B; + +[Assuming $GME goes to a reasonable $40, 56.6M shares are due \(for exercise\). In this case, the float becomes 'already-locked' further by 75.1M shares](https://preview.redd.it/csl46u6l6au91.png?width=1084&format=png&auto=webp&s=3cc7d30249f5091299d73f8e38c268553a15df8a) + +&#x200B; + +[Assuming $GME goes to a reasonable $60, 238M shares are due \(for exercise\). In this case, the float becomes 'already-locked' further by 256.5M shares. Then, even if all 86.2M shares on loan are returned, the float is still locked by 219.5M shares. And in this case, 457M shares would be owned in circulation out of only 304.5M outstanding \(1.5x\).](https://preview.redd.it/lp4q4tzl6au91.png?width=1087&format=png&auto=webp&s=8b55dab760c40aea6028c2dc1216b4acf3e6b7ee) + +&#x200B; + +[Assuming $GME goes to a reasonable $97.5, 691M shares are due \(for exercise\). In this case, the float becomes already-locked further by 709.5M shares. Then, even if all 86.2M shares on loan are returned, the float is still locked by 672.5M shares. And in this case, 910M shares would be owned in circulation out of only 304.5M outstanding \(3x\).](https://preview.redd.it/rbh2wknm6au91.png?width=1092&format=png&auto=webp&s=f8bba47784725d5c34d30a740b71926ec0720fed) + +&#x200B; + +# TLDR (In addition to buy more $GME. Hold. DRS.): + +GME's float is already technically locked, which explains the off-exchange-only order routing at this time. Short-sellers have no way out, and the shares on loan greatly exceed what is freely available. + +The float is technically already locked by over 18.5M shares, since shares on loan (86.2M) greatly exceeds the shares unaccounted for (67.7M). When we include derivatives in the totals, like how Porsche disclosed Volkswagen ownership in 2008 (as shown), then when $GME price goes to $40, the float is locked further by 75.1M shares. + +*When we assume a reasonable share price of $60, the float is then locked by 256.5M shares. Even if ALL of the shares on loan are returned, 457M shares would be accounted for, including derivatives, which is 1.5x the shares issued and outstanding.* + +*When we assume a more-reasonable share price of $97.50, the float is then locked by 709.5M shares. Even if ALL of the shares on loan are returned, 910M shares would be accounted for, including derivatives, which is 3x the shares issued and outstanding, and close to the total authorized shares.* + +Note: This analysis does not even consider any new ownership, new DRS transfers, nor any new positions due to a rally. Evidence shows \[from the GameStop report\] that anywhere from 6-7x in exogenous, new demand is induced upon a rally. Therefore, any price runup would make the locked float calculations a thing of the past. Instead, it is shown that the number of shares owned *will not just be* an order of magnitude more than the amount of shares issued and outstanding; **in** **a routine rally, the amount of shares owned will clearly push above the 1 Billion shares \*authorized\* (even though 0.7 Billion of which were never issued).** +Hi Everyone +Just looking for some advice here. My husband and I are dinks, we both make 6 figure incomes and we practice borderline stealth wealth. We live in a middle class neighborhood, our car is our only splurge. (2017 Luxury sedan) + + + +As much as my husband is on board with FI and our current SR of 50%+, he has days where he has major financial insecurities. + +His parents often make fun of the neighborhood we live in, asking why we don't have a huge lot etc. We don't have kids and our brand new townhouse is literally more house than we need. We custom built/finished it to our liking. + + +I personally hate discussing finances with friends so if ever I downplay something financially or travel wise my husband gets a little upset. He always says things like: + +"People will think we're poor because you told them we retracted our bid on the cruise for a better room" + +"Why do we live here?? Our neighbors say if they could move into that better neighborhood, they would! We CAN and we're not!" + +"Imagine if our friends made what we do?! They wouldn't be living like this!" + + +(I always agree and remind him that most people would spend all they earn and be working for the man for 40 years. Thats not what I want) + + +My husband also thinks in our friend circle if people bring up financial hardships that they're implying that WE have them too or that our friends want to hear about our tough times, even though we're fortunate enough to not have them. + + +This financial insecurity was installed in him by his father who always programmed him to think that he wasn't good enough and what we had isn't good enough. Keep in mind, my husband's father went bankrupt 3 times and couldn't pay his mortgage and always needs money from us. + +I find this ironic that my husband will let someone get to him so bad, when that person has zero financial understanding. + +He says all the time: + +"If our friends made what we made, they would not be living like us -nobody would." + + +We're 29 and 32. If we stay on track we can retire in 5 years. We don't plan to quit work in 5 years because we both love our jobs and work together. Everything after that is icing on the cake. We know the juice will be worth the squeeze but in the meantime I could use some advice. + + +When we were younger and still making good money, people would ask is to do things like...my brother asking us to paint his house, my aunt asking us to help demo hers for less than min wage or for free. We DID and DO do play down a lot and I feel that's why we do receive certain comments or people feel they can talk to us a certain way. Me personally, I find it hilarious when an aunt who makes $20k/year asks us to paint her house for $5/hr when we make 6 figures and we're stockpiling investments. My husband on the other hand finds it degrading. + +I try to practice stealth wealth mostly for one reason. I feel when people know what you have or if you boast, you literally loose friends. I feel people get jealous and evil so therefore I choose to act as if we're middle class. It's nobody's business and I find it tacky to talk about money with anyone other than reddit. Lol + +He finds it hard that we live so well below our means but friends are booking trip after trip and he thinks sometimes we should be the ones doing that. + +How can I help my husband from veering down the path of financial insecurity? + +He literally thinks people go around thinking that we're poor. ( I know nobody cares, and even if they did- I could care less what people think) lol + +How can I help him not go down this path? +75% of the time he's 110% on board but some days it's just an awful feat to pull him out of the mental financial insecurity rut which is usually triggered by a comment from someone else. + +Any advice would be so appreciated. + +Thanks!! + +***EDIT**** My reponse to everyone's input: + +https://www.reddit.com/r/financialindependence/comments/7cpy29/so_has_financial_insecurity/dpti82f +I fully understand how progressive taxes work, and that you only pay on higher rate on the bit in the higher bracket. But, I was in a discussion with a friend and they were claiming that their wife got a raise and that *somehow* it meant she actually paid more in taxes than the raise and so ended up with less net income for the year. I pushed back saying that's not how the progressive tax system works in Australia (or probably anywhere, but lets just focus on Aus) but they insisted it happened. + +So, are there any scenarios, like maybe some sort of tax credit that would go away, some more esoteric tax that isn't progressive or something that could ever result in this ever being true, or is my friend full of shit? + WhiteBit✅CMC✅CoinGecko✅Gate.io + +We are the official $YeetTOKEN that everyone is going crazy about. Not the knock-offs that everyone is honeypotting. Launched just 5 days ago $YeetTOKEN delivers! It isn’t often you see such massive growth in a token in such a short period of time and here’s why! + +▶️Youtube Promos - We are working on getting visibility on some popular channels here. Meetings scheduled already. + +🌐Asia - We are currently trying to reach the Asian market. We are in contact with two huge influencers in Korea. + + 🌐INVEST WITH CONFIDENCE + + • Complete Ownership Renounced with Live Dev Chat! + • Community Teams with over 40 members! + • Strategic Marketing and Budget for Promotions! + • Low 6M Market Cap with Scalability to 500M in a short time! + • Best Community with Mature Individuals! + • TikTok influencer videos and more + + 🌐Heres why you HODL $YeetToken + + We call it a decentralized community, meaning that the original creators of Yeet only control the Telegram; a different person controls each of YeetToken’s profiles, and yet they are all official channels. + + This is the ideal system for a community-coin. It’s still being established because we’re only five days old but the idea is already permanent and expected. Launch-time was decided by community-vote, and the future direction of Yeet will continue to depend on its community. + + 🌐TOKENOMICS + + • 50% pre-burn, 4% Back to LP, 2% Reflection + • No Dev wallets + • Use case is currently underdevelopment + • Anti-Whale Mechanisms + • 15K Holders + • 6 Million Market cap + + 🌐TOKEN LINKS +📟BSCscan: https://bscscan.com/token/0x7060d3f1cc70a07f4768560b9d9b692ac29244de +📝White paper: https://pdfhost.io/v/VlJMvYYUj_YeetToken_Whitepaper.pdf +🔐Verified Contract: https://bscscan.com/address/0x7060d3F1CC70A07f4768560B9D9B692ac29244dE + 🌐SOCIAL LINKS + + 🗣Telegram: (5600+): https://t.me/YeetTokenOfficial + 🔖Reddit: https://www.reddit.com/r/YeetTokenOfficial/ + ✅Discord: https://discord.gg/jfBBRCgr +🕊Twitter: https://twitter.com/yeettoken_hq + 📷Instagram: https://www.instagram.com/yeettoken/ + ▶️YouTube: https://www.youtube.com/channel/UCKuCbJ9tE1ZQCcPIx_XjwKg + 🌐Website: https://www.yeettoken.com/ +🔥 🔥 🔥 🔥 🔥 🔥 🔥 🔥 🔥 🔥 🔥 🔥 🔥 + +TL/DR upfront: + +Upcoming EV competition is *the* driving DD behind the Tesla bear narrative: that EV competition will show up à market competition will drive EV prices (and therefore $TSLA margins) down to industry-norms. I think this reasoning is flawed. Ford’s unprofitability with the MachE provides a window into what the competition is facing, and why Tesla is *very likely* to retain supply capped demand and see robust gross margin growth--insulated from the effects of market competition—for several years (until \~ 2026-2028). + +\---- + +Argument: + +**Fords issues with EV profitabili**ty (link: [Ford CFO says inflation has erased Mustang Mach-E profits, but isn't hurting demand (cnbc.com)](https://www.cnbc.com/2022/06/15/ford-cfo-says-inflation-has-erased-mustang-mach-e-profits-but-isnt-hurting-demand.html) ) i**s a** **PROXY** **for legacy auto’s outlook writ large.** + +Ford’s ‘Tesla Killer’ is their Mach E, which is a BEV (full battery) crossover SUV. However, recently Ford announced that they get zero profit from sales of their Mach E. Price information is below. + +* The ‘Standard Range’ RWD (68kwh battery, 230 miles EPA range, the lowest $ base model) is $42,895 before dealer markups and delivery fees +* The ‘Extended Range’ (88kwh, 300 miles EPA, the lowest $ long range model) is $52,000 before dealer/delivery + +Fords lack of Mach-E profitability is VERY interesting because the car is highly priced while also benefiting from several cost-lowering factors: + +* $7,500 U.S. federal EV subsidy (Ford has yet to hit the 200,000 vehicle cap for the $7500, at which point it gradually decreases). Tesla buyers do not qualify for any EV tax credits right now. +* Made in Mexico with cheaper, non-unionized labor +* Usage of large pouch-style batteries, which are cheaper but lower-quality +* A more battery-efficient Car form-factor (as compared to a truck), meaning less batteries for a desired range and, therefore, lower cost of production. + +If Ford is unprofitable with a high-priced EV benefiting from $7,500, made in Mexico with lower priced components, how are they going to be profitable with the F150 Lightning? The F150 lightning will, + +* Be made by Union labor at U.S. labor prices +* Have a less-efficient form factor (truck aerodynamics are very bad) +* Have higher User battery needs (towing range). + * F150 lightning loses 50% of its range when towing a 23-foot airstream trailer. Add to this cold-weather battery reductions, heating needs, going up inclines…the trucks 230 mile range’s real drivable radius when towing can get extremely limited very quickly. +* See a gradually reduced subsidy amount ($7,500 --> $3750 --> $1875) + +It is very possible that the F150 Lightning begins to see razor-thin profit margins (or none at all) over the near future. + +Additionally, Ford has additional issues it has to tackle: + +* Growing percentages of EV sales will reduce dealership income (most of which is derived from maintenance and repair), leading to more pervasive markups +* A need to develop a ‘supercharging’ network. + * Look more deeply into their published numbers—if you nix Tesla’s superchargers (which they can access rn), as Tesla will jack up prices for non-Tesla’s over time (especially when the supercharger network begins to get overburdened), and eliminate low-power chargers, look closely in your area at the ACTUAL NUMBER of high power charging stations individually. There may be chargepoint nodes in your area, but at least in Atlanta, the total stalls are very low. +* Battery supply shortages --> higher prices for batteries + * This is why Fords CEO has been talking about the need for federal support with battery raw material production + +**SO WHAT?** + +1. Ford has to raise prices—they have no other choice. + 1. None of the sub-bullets above (dealership cut, need for expanded charger network, declining subsidy $, higher priced U.S. labor, higher priced batteries with less-efficient form factors) is easily solvable. While Ford talks about separating EVs from its dealership network, that legal fight will take YEARS. +2. This same situation will manifest in other legacy automakers +3. Legacy auto debt levels (looking at Ford and VW, in particular) mean they can’t afford to produce less cars or see zero profit. +4. Therefore, legacy auto has significant pressure to maintain high prices +5. Tesla is, therefore, insulated from the price reduction and gross margin contracting effects of market competition. + +Add to this several Tesla-phenomena + +1. Tesla’s cost of production will continue to decline, meaning that gross margins will continue to expand + 1. Technology reasons: dime-casting, structural battery, and 4680 (if it continues to scale) batteries + 2. Economies of scale reasons: Tesla is centralizing serious production capacity in its main four factories. 50% CAGR can be achieved for several years with the current factory footprint alone. Austin is projected to eventually produce 2 million units alone, per year. I would doubt these projections if it wasn’t for Tesla’s record setting CAGR—which has surprised the entire industry over the past three years. +2. Therefore, because Tesla has more ‘buffer’ to decrease prices—in an environment that is continuing to improve and in the context that legacy auto faces), Tesla has the ability to win any price war for several years into the future + +Conclusion + +Tesla will be able to maintain supply capped demand for its cars and will have minimal pressure on gross margins from market competition for several years into the future. While some legacy auto (VW) MIGHT produce EVs in large numbers, this will not negatively impact Tesla gross margins. + +Would **love** for folks to put forward a strong counter argument. I have several $TSLA 2024 leaps and, if I am wrong in my assumptions here, would muuuuuch rather know that my thinking is faulty than continue to sit on this volatile position. + +edit @ 622pm est. A few of you have pointed out that I am assuming tesla costs of production go down, but don't say the same for legacy. What I am trying to say here is that legacy production cost decreases HAVE to go down just to maintain current profitability levels as they lose the $7500 subsidy, begin making cars with UNIONized American labor, with (for the F150 L) less efficient form factors. No, I don't have the numbers for this because I'm not omnipotent--but consider: these are serious headwinds. 7500 is a HUGE subsidy on a 43,000 dollar car. Union labor is way, way more expensive than Mexican labor. 7500 alone is a huge moat to cross when you're not profitable with that 7500 subsidy. +Still starting out in my finances. I'm reading rich dad poor dad and they touch this quote +But im a but confused as different people have different meanings + +In the book, rich dad says: "I pay myself first because if I know that i'm low on cash to pay my debts at the end of the month then I start thinking of ways to make money, I make fear my motivation" + +Now I don't believe it is the best way to do so, but I hear many people quoting it so I want to know: + + why do you pay yourself first and why should you reccomend it? + +I would love to know your insight that way maybe I can change my way of thinking + +Please and thank you +I've been thinking more and more lately about where I want to raise my family, and I'm beginning to more seriously considering leaving the USA. Perhaps this is a greener grass phenomenon, but I have become so disenchanted with this country over the politicization of everything, the rat race and ensuing unhappiness/depression that is rampant here, the gun violence, you name it. I work in healthcare now and I find myself deeply unsatisfied with the state of our healthcare system and wanting more and more of an out for myself, and for my children. + +Anyways, I don't want to turn this into a bickering discussion of the pros/cons of the US. I'm grateful for the opportunities we've been given here. I'm curious what other countries fellow FI-seekers have potentially looked into as a place to settle down one day? My wife and I are very early 30's and currently sitting on about 1m in investments, and I'm 2 years away from having a very high-paying job in the mid-six figure region. Our NW is growing rapidly as I'm finally starting to be able to earn good money after about 5 years of little to no earnings. I think we can "fat fire" (>5m assets) by our early 40's. + +Whether or not my degree would transfer to another country is not super pertinent as I do not even know if I will continue to work. I'm really just interested in the highest QOL for my family that we could realistically attain. Again, probably a grass is greener phenomenon, but we've traveled throughout several parts of Europe over the past few years and people just seem happier and more content with their lives in many of these countries. Taking into account the ability to get a retirement visa and integrate our family into another country, what countries have caught your eyes? +I'll start studying in Poland next semester, and I was curious whether it would make sense for me to use Revolut/N26/similiar stuff as my primary bank account and have my savings account in my homw country (for reducing the risk of loosing access all of of my funds). I also intend to receive my monthly salary on the platform. + + +The reason that I dont want to deal with a local bank is that, I don't know the language of the country I will be residing in (polish) and I assume it will just make everything alot hard for my case. Revolut on the other hand offers services in fully english + other cool features but there seem to be a lot of small account blocks also most of the people recommending it are UK/EU citizens so my case might be different. +Hello, +I moved recently to Germany and I'm looking to invest. I would like to invest but my background in finance is extremely shallow. +What would be best to invest at both long and short term? What TAX implications should I be aware of? How much investing should I do and how much per month? +I'd prefer something that I can invest and forget about. +Sorry if my questions seems stupid. +Thankfully they are safe and have found temporary housing. However flood water was waist deep in their home. Two cars with only liability insurance were also in the water + +Federal and state disaster areas have been declared. + +What do they need to do to prepare to navigate the fed system? +I really appreciate the person who donated an amazon echo gen 2 to my local goodwill. I found it today for 9.88 and it seems like it will be very helpful for me to remember things like paying bills and creating grocery lists etc. I never thought this would be so helpful until i bought it today. +Hey guys, in short I'm looking to build a house in regional Victoria, 1 hour from Melbourne, and do the below modifications after hand-over to reduce cost, or get value for money. + +Working with a builder mainly, I'm looking to upgrade things afterwards to save cost or upgrade where they would cheap out. *Why pay them the same if I can have nicer carpet or something?* + + +My question, what things would you recommend a junior to consider before signing a contract or building? What would you add that you forgot in the past, that hurts to add or hurts more if forgotten? + + +*Short list* + +- DIY flooring (Carpet + tiles) + +~$8k ea quoted + + +- DIY cooling (Heating included in house price, cooling not) + +~$6k installed (2 wall units) no quote + + +- Ceiling fan, switches and light prep work (Electrical junctions) after hand over + + +Unknown $$$ ($4k?) No quote + + +- Concrete to externals + + +~$6k? No quote + +**Not an exhausted list** + + +Any thing else you'd recommend keeping an eye on to add? + + +I'm looking for any advice you'd give your younger self, to setup a budget, not to short myself later. + + +Edit: Great ideas but you're gonna make me poor! +There are virtually no small multi unit properties in my area except for less than desirable areas, and nothing else makes sense financially. I’m moving on to new markets. Where should I go for positive cash flow AND potential appreciation? +Just wanted to share as I'm very excited! + +Early 20's, normal struggles in early adult life and wreckless spending caused me to sink into debt to the tune of around £9000, broken out between credit cards and an overdraft. I also have expensive hobbies; cars, pc's, tech, photography, VR, LEGO, etc. Guh. (All of which I now have budgets for mind you) + +I racked up some serious debt by carelessly - but by enjoying life - spending tomorrows money on 0% purchases, this across several cards that were all 80-90% utilised by the end, all set to the minimum payment - swearing to never pay interest. Well, that didn't happen. I had gotten to the point of persistent debt. Starting out at £18k and by the end earning around £27k. I never tried looking for balance transfer deals as I was fearful of rejection. I did stop spending on them a year or two ago as to not exaserbate the problem, just never looked at 0% deals out of said fear and started paying above the minimum by 5-10% for a few months. Until... + +Mid-Late 20's, arouind January-ish last year (2020), I moved across the country and to a new role earning £52K. I immediately paid off my overdraft and removed it with my first paycheck and had a serious sort out of my accounts and budgeting (love spreadsheets and being organised). I nervously applied for a 0% balance transfer card as I really hated paying interest, and got instantly approved for way more than I needed over a way longer term than I needed (48 months) - I was extatic, finally I could feel the weight lifting. Moved all card balances onto it, set the DD at £700/pcm and budgeted around it, throwing any extra on at the end of the month that I had otherwise set aside as discretionary - you still have to live life a little. All other cards had their DD set to full statement balance, as a deterrent, closing one of them completely as I know I would no longer use it. + +Currently late 20's, and can today - Q2 2021 - happily say that my final credit card payment has gone out and I am debt free! + +I still have a car (that I enjoy a ton) on finance, due to the whole petrol head thing... and also my phone on a 0% loan, due to the whole techie thing... but I'm not counting those, as that's having some fun and its all budgeted for ;) + +Yes I could have stringed it out over the period more to reduce monthlies and increased savings returns (LISA or S&S or pension), but I had had enough and wanted to be rid of it - the mental health aspect of it looming and the eventual release was more than worth the reduced payment period to pay it off vs. that of better savings yeilds. + +**I got lucky**. Sure I worked hard, really hard, and landed a wonderful job paying nicely - but I also appreciated the privilage that I have and a certain sense of luck in all of it, especially landing my first job. I'm financially savvy, just too much of an idiot/procrastinator not to actually do what I know I should do. I was brought up in a family where money was for enjoyment more than anything, which didn't leave me with a great saving mentality heading into early adult life. I knew not to overspend and my credit cards were always 0%, ... until they weren't and I over spent. + +Lesson learned. All cards set to full statement balance DD so I can't get into that mess again, but using them thoughtfully. I have pots setup in Monzo and I set aside the relevant balance as I spend, so money is always accounted for, and my spreadsheet gets updated too. + +Next payday will be my first of monthly large savings deposits across multiple areas The Flow Chart, instead of paying a that large sum of money each month to my past self, its going to my future self. Its a wonderful feeling, the feeling of finally making my money work for me instead of against me. + +It's also been lovely to buy hobby things in cash again, knowing they're 100% mine! +We are in Massachusetts though I'm not sure what other information I should be including here. But I'm asking for advice on what I can do to help in this situation. + +She was a stay at home mom and only has a high school diploma. She has off and on part time job experience but nothing full time within the last 20 years. + +She's frantically searching for a job and even has an interview as an office assistant next week but is freaking out that she can't pay the July bills. + +I moved back in with her and am starting a funded PhD position in September at which point I can contribute more directly to the finances. I'm working now but not making enough to contribute much more than paying the water bill or her phone bill every month. + +I guess I'm here to ask people more experienced than me what we can do to make sure my mom can live at least comfortably from now on. + +Edit: some more information that seems pertinent is that + +1. She owns the house +2. She knows she needs to work but is more worried about building up a retirement account +3. I will be contributing around 500 a month +4. We live in a lower cost of living area than Boston + +Edit 2: Holy Moly! You guys really came through with solid advice! I expected maybe like 10 replies! Thank you all so much for this help! +This is a question which has been on my mind recently. I'm mid 30s and only just started saving toward retirement because I've only earned minimum wage up until this point in my life. My projected retirement income isn't going to be enough. So many of us can't save anything/don't save enough toward retirement because money's too tight each paycheck. What the hell will happen to us? Social security isn't enough to live on. It's a depressing question, but one that I can't stop thinking about. +I had quite an “aha” moment today that, in hindsight, should have been really obvious. + +So I am a salaried employee and currently receive 20 days of “vacation” each year (you don’t use it when you’re sick, strictly vacation) in addition to holidays. It’s a very flexible work from home arrangement and management is incredibly supportive of time off. That increases every year from here on out and will top off at 23 days. + +Each year, we are given the option to sell or buy 5 days. So, you could take 28 work days off every year. + +All this time, I’ve been selling days to earn more money to save and invest. I see the path to FI as simply buying our freedom. + +So today it clicked - I will be buying 5 days every year, instead of selling, and taking as much time off as possible. Why not buy more freedom now (with a family), it hardly makes a dent in our finances to do so. + +Anybody else take a similar approach? +I made mistake, kept rolling the contract. Now I have AMD 95$ P Sep 30 expiration. Share price is at 80. + +I see three options from here: + +1) Experience assignment, this will result in margin call. I can sell weekly covered calls on the shares and maybe over time could take less of a loss. + +2) Buy to close the contract now and take a big loss + +3) Roll out to 2023/24 for a net credit, but be holding up my buying power/margin for a long time + +Anyone have any thoughts/opinions? +Hello, I have been very stressed over the past few weeks and need help gaining an idea of how to properly live. +For a brief summary of my situation: +My father passed away earlier this year and I was fully dependent on him. I was forced to move out of the house as we were renting the place, so I had to live with my sister. +Things aren't going well over here and I have to move out soon. Recently I received 50k from life insurance and don't really know how to be 100% safe with this as my future depends on it. I had nothing before any of this, so it is all I have. I was attending college (still am) for free and am planning on staying for another 2-3 years going full-time. +This is all so I can enter my dream job in the medical field which pays extremely well. +I am about to get a job but over here $13 is minimum wage. +The average rent for a place around the state is $1550 a month, disincluding utilities, that is unless I move 4 hours away, which I'm trying not to do. Also rent is SUPER competitive. I live in one of the most competitive rent states at the moment, so don't really know where to all start. My school does not providing housing options. +Questions: +How often would you all say I should work a week? +I was thinking 30 hours is most I can do, perhaps a bit more. +I also don't really know how to apply for an apartment ASAP when I have no income history, so would like advice for first time renters with no history. +I'm not trying to waste all of this in one year, or even two years, but would like for it to help build my future so I can have a stable environment to be in. + +Edit: Thank you all for the supportive comments and the great advice! I took the recommendation to get a roommate and I think I found someone for me! I'm really excited and get to pay less than 1k a month with them (in total). I have been reaching out with them for the past day and hope for it to be a done deal soon. The person seems really nice and is about my age! +I'm so happy for this move and am extremely ready to work. I'll also heavily consider the restaurant jobs as I used to work at one and the tips do pay very well. +The day I posted this, my sister told me she was kicking me out at the end of next month, but I'll keep on my toes about it all! +Thank you all again and I'll make sure to check in with you guys later to tell you my situation! <3 +There is a bull run going on and few of my close friends started investing in stocks, looking at the gains. They seem to be excited and are trying ro read the basics for stock investement. But mostly they are stock recommendations through various blogs and general industry based investements( electric is booming, pharmaceutical is booming etc), than evaluating individual stocks. Also seem to have no clear idea on risks involved and relate tales of uncles, who gained money through stocks. +After reading "Psychology of Money", I realized each person's relationship with money is different and there are lot of emotions involved in each financial decision. But I also feel, I should inform them about risks involved in timing the market and how SIP is better option. How do you these conversationswith close friends?I don't won't be see as lecture giving :) + +Edit/note: Didn't realize this post went live. I also posted the same in the bi-weekly column, as suggested by the automoderator. +I hold 6% of a dividend portfolio in O. Was wondering what other REITs people might add to there Reit allocation. Was thinking NLY, REM or REML or good old VNQ, or? Monthly dividends isn't a huge must as this is more of a fully diversified build I'm running with minimal funds (about 6k right now). +Hello, investments experts! + +A few years ago, my grandparents passed away and my mom received some money as her part of the inheritance. One of her friends advised her to make some investments for the times she retires and she won't let go of that idea. + +After hours of googling, she decided she wants to buy a house or a condo in South Carolina (she always dreamed to live near the ocean). Asked if she is planning to move to another state, she told me that she wants to buy it for rental and that she's not planning to live there until retirement (that's another 17 years). + +After consulting with her husband (who believes himself an expert in everything) and her accountant she became even more determined to go through with the whole plan. + +She already made an appointment with a Real Estate Agency like this one [https://www.homeguidemyrtlebeach.com/](https://www.homeguidemyrtlebeach.com/) and next week I'll have to accompany her while she will meet with the agent ("This will be your inheritance!" she says). + +I'd like to know if this idea is worth the effort. Honestly, I'm afraid that it will cause only problems and no profit. First, it will take some time till she'll find a place she likes (it takes her weeks to chose a pair of shoes) and I'm not sure that she won't decide to renovate it. Second, the number of fees she'll have to pay gives me chills and the feeling is not the best investment. And also, how about those hurricanes that periodically shatter the coast? + +Maybe it will be better to buy some property near Springfield since the rental payments in South Carolina are lower? I'm worried that all this investment plan will turn up to be a loss of time and money. + +Since I don't know anything about the real estate market, + +I'd be grateful for any piece of advice. + +Thank you for sparing a minute of your time for me. +I'm 27 and clear just over 1k a week after tax. After rent, bills, food and petrol my disposable income is roughly 400 a week. + +I aim to save 500 a fortnight and invest a little as well, but it just feels like it's nothing and I'm sacrificing nights out etc for nothing. + +Don't even know why I'm writing this to be honest, maybe looking for people who were in a similar situation and found a way out. + +EDIT: I honestly can't believe the response to this thread, i know its nothing crazy but I've never had more than like 20 replies, haha. You've all lifted my spirits and given me some awesome ideas, and have helped me realise that maybe my expectations were too high due to comparing myself to others. Sincere thanks to everybody who contributed :) +Hi all, + +Seen lots of posts on here about investments and noticed quite often the same few options come up. Out of curiosity do you invest in anything less traditional on the side as a bit of fun? + +My boyfriend and I are Magic The Gathering players and absolutely adore the game. Over the years we've bought and sold a few things here and there across various gaming franchises but recently we have started investing just for fun into a small amount into MTG boxes. + +Every quarterly release we buy a couple of new boxes (£200 - £300) to keep aside using Klarna so each month we pay 1/3 rather than a chunk every quarter. Generally these will double in value every 5 years so we are looking to make returns of about £1.6k a year from £800 on the lower end. Not going to change our long term finances but we honestly are doing it for a bit of fun and accepted doubling our money over 5 years is feasible on the most part. You do get some releases that will barely increase in value (but pretty much guaranteed to beat inflation) but more often you find that some will triple or quadruple. There are some YouTube channels where they buy pallets of boxes for investments and we will never get to that level and we also have friends who buy them to invest but ALWAYS give in and open them. We don't really know anyone who is doing what we do on such a small scale! + +I know this is probably going to anger some serious investors on here as that money could potentially be put elsewhere but it comes out of our "fun money" and is really just a bit of fun! We are almost guaranteed to make back what we paid plus inflation and spend hours working together on what we should get next so is a team effort. + +Just curious what other areas people enjoy having a dabble in knowing it's not going to change their retirement plans! +Like the title says. Car was stolen from in front of my house. Saw CCTV footage of them doing extremely easily and just driving off with it. Called insurance and they said the Fire and Theft department will call back. I've heard people getting screwed over by insurance companies so I am reaching out for any advice that may help me. Thank you + +&#x200B; + +EDIT - I'VE FOUND THE CAR!! Madness! My brother spotted it parked on a street near his house! It was just there with no damage apart from the keyhole. They ransacked the car but stole nothing. My baby's car seat and pram is also still here. I've brought it home and notified the police but insurers still not picking up the phone. I've now bought extra security for it. I am still expecting the thieves will be back tonight. + +Thanks to everyone who offered their 2 pence here. +kill me now 😢 + +edit for those curious: basically i sold at that time cause i thought there was no way it could go higher. i thought after the big crash from the previous ATH that bitcoin would never go over a thousand again. Then it kept climbing. I watched from the sidelines while several people I knew made huge returns and it made me sick that i sold. Right before the all time high I couldnt stop thinking about this mistake I made and I FOMO'd. I convinced myself it was going to 100k. so I bought back in +Is there a way to get commbank/chess to stop sending me bulk mail? I don't want my men to know I have a dumbfuck gambling problem. +There didn't seem to be an option in the Commsec app and the letters didn't have any clues. Z1P had an option for online but that was specific for them and their (now worthless) shares. +Already posted this to /r/depression, but since I feel like financial independence would solve a big part of my problems, I'm posting it here too. + +It's the first time I actually write about this, even though I have talked about it with 2 different psychologists. I'm 26, suffer from social anxiety and depression, never been in a serious relationship, and graduated in engineering a year and a half ago. I feel severe anxiety when talking to people who I don't know well because of fear of judgement. People tell me I look really calm, but deep down that's just because I have learned to hide my anxiety. + +I'm just writing my story to see if anyone identifies with it and/or can give me some insight on possible solutions. +I have always been very ambitious. I have always wanted to be the best at what I do, and I always expected to be able to get payed really well for doing it. During my studies I studied really hard in order to be the best of my class. Having the best grades made me feel special, and that filled the void that my inability of connecting with people created. But I knew this void wouldn't stay filled for long. Some days I would spend 12 hours straight studying. Now I see how naive that was, but at the time I felt like I just needed to endure this chore until graduating, and everything would be so much easier when I got a job - money would flow and I would be living a carefree life. + +After I started working I got hit by a very harsh reality - all that sacrifice I made while studying wasn't a free pass for a carefree life. If anything, it's worse now, and I am expected to do it 5 days a week, for the rest of my life. Working 40 hour work weeks drains all the energy from me, and I don't have any more energy to do anything else on my free time. Plus, I don't feel like doing my job is rewarding at all, and I have no idea at this point whether there would be anything I would be happy doing for 40 hours per week. I really don't want to do this, and the hard truth is that it's the norm on today's society. This makes me feel extremely depressed, as I feel like I'm wasting my life away. What tires me the most is having to be surrounded by people all day long. +Here is my strategy: + + +When nifty reached 12900 I started booking profit of LTCG to maximize 1L tax free rule + + +When nifty reached 13350 I booked profit even it was STCG + + +Now nifty is 13500 and I am thinking to book profit in remaining funds even if I have to give 1% exit load. + +Doing this I will all out from equity market and wait for [market mood index](https://www.tickertape.in/market-mood-index) to go below 20 (fear zone) + + +my reason of doing so aggressive profit booking is nifty [PE](https://nifty-pe-ratio.com) is 37.20 all time high and sooner or later I will get chance to reenter the market below 12500 then during this profit earn via debt/arbitrage will be extra for me. + + + +What you guys doing in this overbought market? Will you wait for more or already booked profit. +First let me say I am making this post in response to the amazing and overwhelming comments I received as a result of my comment on another post. You guys are all amazing. I waited until my wife was home and she's here with my as I type making sure I don't miss anything and also to fact check when I exaggerate as I have a tendency to do. + +TL;DR: I was a middle-class suburban bum who didn't know anything about money and my wife came from nothing and her work ethic and ability to organize money led me to pay off my student loans last week + +Now to get an idea of both myself and my wife I'll give you a little background. I came from a typical Middle Class, suburban American family. My mom is a nurse and my dad has done everything from own a chair factory to delivering dental supplies, but we always were pretty well off. This is also partly due to my father's family being very wealthy and allowing him to inherit the money to buy his home with zero mortgage. Financially, I was taught little or nothing growing up, everyone is aware of the lack of financial prep in the US school system, and my family treated money as a sort of "dirty" topic. If you did something for free you were "clean" and "noble" if you did things outright for the pay it was "mercenary" and not considered good. When I was told to look for careers both me and my siblings weren't told "make sure you can make a living and take care of yourselves" but "do what you love, the money doesn't matter" and the classic "money doesn't bring happiness". It took me years to learn that a lack of money can certainly bring UNhappiness. + +So, as a result, I found myself making a series of financial mistakes my whole life. Everything from not opening a line of credit (I thought I was "beating the dirty bankers") to develop my credit score, to repeatedly overdrawing my checking account to be hit with $500 overage fees AND additional $25 late on paying the overage fees-fees (Once I owed up to $2000 without realizing and only by pleading with both the bank to reduce it to $1000 and my mom to pay it off did I escape that fiasco). And I never really learned. After moving out of the house I did get used to checking my checking account to make sure I had enough money to pay various bills and rent, though I do remember forgetting a few times and having my water shut off. Long story short I found myself an adult with no career, $80,000+ in student loan debt, and zero idea of how to progress. + +Now my wife's story is about as opposite as you can get. She was born in Thailand. Her mother was from an extremely poor farming family who sometimes had one bowl of rice to share for the whole family for the day. Her dad was a little better off with a more middle class family and worked as an electrician of sorts. My wife's mother was his second marriage after he drove the first wife off and it was an arranged marriage that my wife's mother did not was to do. She has an older half sister from her father's first marriage (who is a mess) and her father did NOT want another girl, he wanted a boy. In fact her nickname to this day is "Bee" stemming from her being "Plan B" or "If it's a boy, his name is A, if it's a girl she's B". + +That theme sort of continued while she was young. Her sister was given as much as the family could support, being the oldest, and had all the normal things like schools supplies and even had her university studies paid for by their father (she dropped out). My wife on the other hand had to make due with hand me down clothes that her mom would sew deep hems in the skirts to fit her body which she would eventually let out bit by bit as she grew. When she wanted to go to school her father told her she had to find the money herself because the family couldn't afford it. + +Thankfully, her mom (basically to keep her occupied while her mom was at work) had signed her up for every athletics program under the sun from a very young age and thanks to both good academic grades and a talent for basketball she not only achieved scholarships to a college prep school but to one of the most prestigious universities in the country. She just told me to make sure that I mention how her mom had her keep a record of her spending and saving on a piece of paper ever since she got a small allowance as a little girl and learn how to cut out "unnecessary things" (her favorite mantra that I picked up). + +While at University my wife had to struggle in the extreme as not only did her family not help with tuition, but food, housing, books, clothes, or anything else was up to her. She had to find a way to make enough money to live and study while competing both for the schools basketball and, occasionally, the schools Judo team, which any student athlete can tell you is already a full time job. + +It was hard, very hard. "The lowest point of my life" she says. She made money by doing freelance work as a graphics designer (she majored in Animation and Graphic Design, she always wanted to learn to paint but decided she'd never make money doing that, to this day she's an amazing sketch artist and painter btw). She went for years subsiding on about $40 a month. She couldn't even afford rice to eat and had to buy bulk packs of ramen noodles which she supplemented with discount vegetables to literally not get scurvy. This whole time she watched as her family descended into chaos as her grandfather (on her dad's side) passed away and his children, her aunts and uncles fought like hyenas over an elephants carcass over the inheritance and her sister ended up stealing from her father large sums of money, ran off, got pregnant, abandoned her children and came back to continue a sad decline into drugs and bad life choices. + +She graduated eventually and tried to make a living as a graphic artist in Thailand, but her dad had lost his job due to a declining mental state caused by PTSD from several brushes with Thailand's underworld while he was an electrical building inspector. So now, she had to support her father (and as a result her sister) on her own. After two years of trying in Thailand she realized she wouldn't be able to and ended up decided to leave Thailand and become and au pair to support her family. I'd like to add that through my wife I've met a lot of au pairs and their lot is utter garbage and little better than slavery in many situations and while many come from decent backgrounds just trying to make some money while they explore the wider world, most are desperate and trying to find a way to escape the poverty of their homes like my wife. + +I met my wife in America. I was working as a fat, more than broke delivery driver and she was a struggling au pair working basically 24/7 (I know it's technically not, but when you live in the home you work it does it really matter if you're on the clock if the baby wakes up crying?) and making $195 a week. She sent back $350 a month to support her family and saved the rest as best she could. I had no idea how much I made or where it went aside from I hadn't had an overcharge fee in a little while. + +Eventually after meeting, falling in love, and deciding to get married she eventually quit being an au pair and moved in with my and my family (after I moved back to America I moved in with my parents where I still live today) and the journey of first discovering my financial mess and fixing it began, and oh boy, what I write can only scratch the edge of the weekly "checkups" and arguments and lectures and stress that went into this development, it wasn't easy for either of us. She couldn't believe she'd become partners with such a disorganized mess and for me it proved to be VERY hard to learn to curb your spending when you never thought to before. + +Luckily, I had "graduated" from being a delivery driver to working at Solar City. The first step on a long journey that eventually led to me joining the Ironworkers Union. On my development my wife showed me how to keep a physical record of every single penny I spent and earned. I would keep it up for a week, forget and loose the book then she would buy me another one and we began again. I have a closet full of about a dozen checking account books. Then she had me organize my student loans. I had no idea how much my monthly minimums were and was shocked to find out it was almost $700/mo. She taught me what interest was. These were the first steps. + +I struggled, I mean really struggled to get the basic concepts of knowing where my money was at all times. Old me thought that was a waste of brain energy and it was a hard mentality to break. I'd say at least a year went by before I really understood how much I made each week/month and what my monthly expenditures were and by then I'd taken my second step in my career as a laborer working for a commercial solar company. Now I was making enough money to start paying off my loans consistently on my own (my mom had been paying part each month) even with my sloppy book keeping. This was the second biggest motivator in my life to get my sh\*t together, seeing a light at the end of the tunnel and knowing that, yes I in fact could climb out of my hole myself. This and the other motivation led me to working as much overtime as possible and picking up a second job as a pizza delivery guy Friday-Sunday. I was not working more than I thought was possible (depending on overtime opportunities between 65-85 hours a week). + +The main motivation though, was seeing my wife's growth no matter how many hours I worked she always ALWAYS worked more it was inspiring, exhaustin and terrifying at times to see. In my previous comment I said she'd nearly doubled her income a year, and I wasn't joking. After she left being an au pair she had to wait 6 grueling months to get her green card. It nearly drove her insane and she ended up working under the table as a cleaning lady to continue to support her family. She'd clean everything from ritsy homes in Cambdrige and Brookline to the utterly disgusting college kid housing around BC/BU/Harvard areas. She kept a paper record this whole time and is checking it now to see how much she made she made a little over $1000/month. + +After she was cleared for work she continued as a cleaning lady but also got a job as a cashier, eventually a waitress at a local Vietnamese restaurant. She stopped being an au pair in January, in June she was making $1000/mo, July $1800, August $2100, September $2700, October $3000. She just read those off (I'm rounding to the nearest $100). A year later she'd left the cleaning job and started working as a waitress at a second restaurant as well as picking up shifts at David's Bridal as a seamstress, eventually maxing out at $4500/mo. In March 2018 she made $5200. This is just from pure willpower and work ethic. After going over the numbers this is where she maxes out for the present but even if it's not doubled (sorry my own exaggeration) since then this, to me, is an outstanding growth. + +So watching her fight like that how could I not? I worked my bun off right next to her. She taught me to push like I never pushed before and now that I was putting in that many hours and that much effort I finally not only had the knowledge how to track my money but I had a deep desire to know where every drop of sweat was being saved or spent. I got better at accounting using Mint and my bank's online manager. I followed my 401k growth, I checked how much I was spending on gas, on work clothes, I didn't write it down like she did but I learned to keep track of everything. Nothing motivates someone knowing how much they have like knowing how hard it is to earn. + +Eventually I got into the Union after years in construction. With my wife's work ethic driving my I'd garnered a reputation as a motivated and dedicated hand wherever I went. I might not be the best, but you can bet I'd be the first there and the last to leave, very few people out worked me. This reputation eventually got me noticed by a Union member and thanks to years of trying to keep up with my wife I'd grown into a much better person and while it can be very difficult to get into a Union it took one week from my first meeting to being on a jobsite with a Union outfit, riding an elevator up the biggest building I'd ever worked on (50ish stories) and up to a career that could support my own family the rest of my life. All thanks to my wife. After that I'd graduated the whole "watch your money" phase she taught me more, and we learned together. I started paying off my loans early in a focused way, starting with the highest interest first. I opened credit cards and used them both sparingly and paid them off each week to keep my balance low and my credit score high. I started investing in basic stocks to get a feel for the market, putting about 10% of my paycheck in as a learning cost and two years after getting into the ironworkers union I FINALLY paid off the last of my student debt. From $80,000+ to $0 all thanks to my wife's guidance and teachings. + +Sorry this is an aside but it's actually funny, compared to any American construction worker I was a hungry tiger who devoured work, and it actually meant I ended up being classified less as "one of the Americans" but was adopted by the other class of hungry-tiger-worker in my industry: the other immigrants. Construction in any state in the US is done by Spanish immigrants, not completely but they are a constant and huge presence on any jobsite. Most I've met work like my wife. Voraciously. They came from harder lives than most can understand (An Elsalvadorian friend of mine, and the best carpenter I've ever seen, tell me how when he was 12 a guerrila army told him he was to fight with them or they'd kill his mom so he did that until a helicopter gunship killed them all so he ran and got a job loading boulders onto trucks). My motto since then has been "Work like an immigrant, get paid like a citizen". That last part is unfortunately since many are illegal they get taken hugely advantage of with no options. + +To finish this insanely long tale: After I got in the Union my wife saw how the Union allowed minorities and women a chance to work in the trades and the benefits both in take home pay, and in benefits (Insurance, annuity, pension, vacation pay, free training) and decided she wanted to make the move, too. Ever since she was little she wanted to be like her dad, an electrician, but he told her girls couldn't do it. Now, when the opportunity presented itself she gave it her all, like she always does, and less than a year later she is the top student in her 1st year technician apprentice class and had multiple supers and foremen tell her she'll be a foreman soon, which I never doubted. + +&#x200B; + +EDIT: Holy cows guys, thank you so much for all the love, it really is overwhelming! Bee can't wait to see what the next comment says and is just glowing and I'm practically in tears. Thank you again you're all so kind. +So **$RKT** CEO Jay Farner fuckin hates shorts almost as much as we do, and im going to outline what this absolute **CHAD** has planned for them. + +His company RKT mortgage literally smashes every ER by a country mile and hes tired of his stock being held down by these spineless cowards. [Farner is actively going to war with them Elon style.](https://finance.yahoo.com/news/rocket-companies-ceo-not-stock-174605720.html) + +Let me outline how this mega-autist CEO is going to force the **shorts to squeeze themselves by 3/9.** + +Farner, along with company founder Dan Gilbert, and the leadership team own 95% of Rocket Companies. + +* Theres currently 113m shares outstanding +* 38% of those shares are short +* CEO/Founder own 95% of the 2B float ( note this for later ) + +So a quick math lesson tells us: + +38% of 115m = \~ 43 mm shares short + +**NOW THE FUN PART** + +In their most recent investor meeting team $RKT rolled up to the shorts door like the dancing pallbearers and introduced a $1.11/share SPECIAL DIVIDEND to be paid to anyone holding RKT stock by 3/9. + +So.. what does this mean for shorts? Weve arrived at the BDE moment.. + +**SHORTS HAVE TO PAY THE DIVIDEND** + +Shorts have to pay $1.11 for every share they are short on 3/9 + +BUYBACK PROGRAM + +What else was in that juicy investor conference? Wait for it… + +**$1 BILLION DOLLAR BUYBACK PROGRAM** + +See, RKT makes so much fucking money they can afford not only a special divi, but a $1B share buyback. Im telling you this man is going into the trenches and clearing the shorts out by his fucking self. + +**TLDR:** + +$RKT has been suppressed for way too fuckin long, the company owns 95% of the shares and Jay Farner/Dan Gilbert hate shorts and they have diamond fuckin nuts, they aint sellin. Shorts have to cover their 43mm shares or they are **forced to pay $1.11/share they are short on 3/9**. + +Also, if you can’t do math. If u buy shares and hold thru 3/9.. it’s an instant 5% return via the special dividend. + +&#x200B; + +Edit: I just like the rocket. +It’s really easy - if you’ve only been trading for a few months - STOP GIVING ADVICE. + +Talk about your experience, ask questions, but for the love of god, shut the hell up. + +I see constant posts and comments from people acting like they are the Wolf of Fucking Wall Street and then you check their history to find a post from 5 months ago asking what broker they should use to get started. + +Not only is it annoying to read but it is almost always WRONG. Unfortunately people on here follow that advice. And guess what? They lose money. Many times it’s money they can’t afford to lose. + +Until you’ve completely busted your account and built it back up, traded in bear markets, managed to actually day trade with a $25K+ account, filed taxes as a Day Trader, then stop acting like you know what it’s like. + +That’s all. Rant over. +Just looking for good discussion with an open mind. This question is specifically for people who have a chunk of their portfolio comprised of thematic/sector ETFs like Clean Energy, Water, EV, Robotics, Space, AI etc. But everyone is welcome to chime in. + +* What such ETF are you holding? What is your rationale for it specifically? +* Some of these ETFs have a TER of as high as 0.65%. Do you seen that as an issue? How high are you willing to pay? +* How long do you plan on holding these ETFs? Do you plan on selling them in short term or do you see a growth potential that will last decades? + +* As an aside, over the last year, REIT ETFs have ~~expectantly~~ expectedly done poorely. How do you see them performing in the future? Is anyone buying more as they correlate very little with the stock market? + + +Thanks! +I am new to investing, and after reading a few books on the topic I still feel like I might be missing something really obvious about real estate investing. Imagine the following situation: + +You buy a property that costs €100k with a €20k downpayment and an €80k mortgage. You then rent out this property for 10 years and the rental income fully covers your mortgage payments and operating expenses. When you've completely paid out your mortgage, the apartment is entirely yours, and then you sell it. Even if the market hasn't moved and you sell it for €100k, you've generated €100k from a €20k investment, which is a 400% total return (ca. 18% annualized return). + +Some banks don't even ask for a downpayment (as long as you guarantee your loan with another property) which could lead to infinitely higher returns. + +It seems like a way better investment opportunity than anything that I've read about so far. What am I missing here? +I read that the U.S National Debt's **interest** is now greater than the annual military budget. As an economic layman it seems the national debt isn't a big deal until it reaches a certain percentage of GDP.. Say the point where we can't even pay off the interest.. + +What exactly is the *"oops"* point of national debt, at what point do we need to start worrying? + +Similarly, what is the point of no-return for our national debt? A point wherein we can't repay our debt and must default? + +*Thanks!* + + +I'm a simple man trying to do simple real estate investing. I'm not sure if I'm crazy or not, but I literally see close to 0 multifamily properties available. + +I have 1 SFH rental, and am looking to get a multifamily for \~$500k. Take the city of Indianapolis -- if I search for multifamily properties in the $200k-$500k range, I get a total of 5 properties ([here's the link](https://www.zillow.com/indianapolis-in/duplex/?searchQueryState=%7B%22pagination%22%3A%7B%7D%2C%22usersSearchTerm%22%3A%22Indianapolis%2C%20IN%22%2C%22mapBounds%22%3A%7B%22west%22%3A-86.26911558532123%2C%22east%22%3A-85.99926390075092%2C%22south%22%3A39.70226381823453%2C%22north%22%3A39.86546960577726%7D%2C%22regionSelection%22%3A%5B%7B%22regionId%22%3A32149%2C%22regionType%22%3A6%7D%5D%2C%22isMapVisible%22%3Atrue%2C%22filterState%22%3A%7B%22price%22%3A%7B%22min%22%3A200000%2C%22max%22%3A500000%7D%2C%22mp%22%3A%7B%22min%22%3A660%2C%22max%22%3A1649%7D%2C%22sort%22%3A%7B%22value%22%3A%22globalrelevanceex%22%7D%2C%22ah%22%3A%7B%22value%22%3Atrue%7D%2C%22sf%22%3A%7B%22value%22%3Afalse%7D%2C%22con%22%3A%7B%22value%22%3Afalse%7D%2C%22manu%22%3A%7B%22value%22%3Afalse%7D%2C%22land%22%3A%7B%22value%22%3Afalse%7D%2C%22tow%22%3A%7B%22value%22%3Afalse%7D%2C%22apa%22%3A%7B%22value%22%3Afalse%7D%2C%22apco%22%3A%7B%22value%22%3Afalse%7D%7D%2C%22isListVisible%22%3Atrue%2C%22mapZoom%22%3A12%7D)). Are you telling me that there are only 5 multifamily properties ae available in the entire city of Indianapolis? + +I feel like I'm doing something wrong. Are most multifamily properties sold off market? Loopnet is available, but that's for larger properties. +I've been trying to get my head round this because surely if the dollar is weakening, it should correlate to make the US30 and NAS also weaken. But the opposite happens. Thanks. +There has been a lot of talk of antitrust recently (which I believe and support). So what would happen if the companies get broken up? + +I've never seen a major company get broken up. For example, if Facebook has to make instagram a separate company (based on law), would Instagram have its own stock? Would my current Facebook share be reduced and I would gain an Instagram share? +It's been about two weeks now since I initially shared with you a tool that I had made in order to quickly buy into a new coin listing to take advantage of the initial surge in the price. + +I've spent the past two weeks, debugging, fixing and optimising this code to get it to a level where it actually works. It's been a challenge to test since I have to wait for a new coin order and then check if it broke or not, but I think I finally got there. + +Before I go explaining how the tool works, let me explain why I think that this particular strategy has some potential: + +As some of you may have noticed, many coins seem to go through to what I would like to call a "lightning-pump" during their first few seconds of being listed on an exchange. + +Have a look at ICP (you may put your pitchfork down, this chart is the perfect example): + +&#x200B; + +[chart for ICP](https://preview.redd.it/renmiomwk3k71.png?width=2650&format=png&auto=webp&s=74818add410e844f684bb0b0f0c43475de26a2f1) + +In under a minute, the price of ICP shot up over 10 times, before slowly dipping into the void. Manually trading this 10x would be impossible, due to the speed required to catch this pump. + +So I started building a bot that would detect new coin listings in about 20 seconds of them being listed on Binance. + +It soon became quite clear that 20 seconds is way too slow to take advantage of the pump so I had to make it quicker. + +The second improvement enabled the trading algorithm to find a new coin and place a buy order in about 5 seconds. This was better but not great. + +Finally, I decided to remove all the breaks and just call the Binance API like crazy. Full steam ahead. + +The bot is now able to detect a new coin listing in 0.3 seconds and place an order. There haven't been any new coins listed after I made this improvement so I will let it run and share my results once I have them. + +I've also fixed any bugs that were caught by some of you that decided to test this out so thanks for that! + +For anyone interested in trying it out, I've included a test mode that will simulate placing orders so there's no risk involved. + +&#x200B; + +**Here's a step by step guide on how to build it as well as an in-depth anatomy of the code:** + +[https://www.cryptomaton.org/2021/08/15/coding-a-binance-trading-bot-that-detects-new-coins-the-moment-they-are-listed/](https://www.cryptomaton.org/2021/08/15/coding-a-binance-trading-bot-that-detects-new-coins-the-moment-they-are-listed/) + +**For the GitHub source code please go here:** + +[https://github.com/CyberPunkMetalHead/binance-trading-bot-new-coins](https://github.com/CyberPunkMetalHead/binance-trading-bot-new-coins) + +If you have any ideas on how to improve the stability or the speed of the code, please feel free to submit a PR. + +&#x200B; + +**Edit:** + +**For those of you who asked for a YouTube video before - here you go!** [**https://youtu.be/mIa9eQDhubs**](https://youtu.be/mIa9eQDhubs) +Hello, everyone! Sorry for the long post, but I think you will all enjoy it and hopefully learn somethings along the way. [Here's an image of my Excel calculation results](https://www.dropbox.com/s/mukpmimcixxfdn0/DDoSExampleNumber.png?dl=0) and [here's an example contract with another set of numbers](https://www.dropbox.com/s/r84s8053b8qgg9u/DDoS_Contract-V1.solc?dl=0). Both files will be helpful later on (you'll see) but aren't necessary to understand this post. TL;DR: **An attacker or competing chain could disrupt Ethereum for significant periods by taking advantage of miner's greed, and the best way to prevent it is to reenable dynamic gas limits.** + +**Intro** + +With the recent congestion issues on the Ethereum network, it has become obvious that there is a serious issue with the current gas payment structure. Not only does the issue pose serious questions about the scalability of Ethereum, it also opens the network up to attacks. I’ll show how a relatively small sum of Ether can be enough to kickstart a miner-enabled DDoS attack. But first we have to understand the problem, and to do that we have to realize where it came from. + +**Origin of the Problem** + +Gas, for those that are unfamiliar with the inner workings of Ethereum, is a unit of computation power used to measure the processing requirements of a transaction. A block’s gas limit is the max amount of processing that needs to be done to complete all transactions in the block. Normally, the gas limit would rise and fall with the needs of the network, allowing blocks to expand as the transaction volume increased. + +When users need to get their transactions into a block faster, they set a higher gas price. The gas price is the ratio of gas used to the amount of ether paid to the miner as a processing fee (to account for fluctuating values of Ether). Miners ideally try to include as many transactions in a block as they can and prioritize the transactions with the highest gas prices in order to collect as many fees as possible per block. This is where the system breaks. + +Some time ago, there was an attack on the Ethereum network involving contracts that would use all the gas in a block on processes that had extremely slow execution speeds, resulting in long block verification times. In order to combat these contracts, miners collectively lowered the gas limits of each block. The default gas limit on new releases of mining software became a fixed value, so the network no longer expanded blocks as they became more filled. The decision reduced the effects of the malicious contracts, but created the situation we are in today. + +**Recent Developments** + +Recent ICOs (Initial Coin Offerings, like when a stock goes public but for cryptocurrencies) required that entrants purchase the coins within a certain window of time. This created a race condition: Only transactions processed in that window would be valid purchases, regardless of when they were first sent to a miner for processing. The constant gas limit imposed by the miners meant that there were a limited amount of transactions that could make it into the window. So, entrants increased the gas price of their transactions so they would be processed before the rest. As more people tried to send transactions, the necessary gas price to stay in the window began to skyrocket. Some people paid thousands of dollars in transaction fees to be included in the ICO. If their transactions were too late, they simply wasted their money. The problem wasn’t confined to just the ICO, either. + +Since everyone was paying extra to get into the ICO, regular transactions were postponed until they were the most profitable. This meant that any smart contract actions not related to the ICO were put on hold until the congestion cleared, which effectively froze the smart contracts for the duration of the ICO. + +While a smart contract delay of several minutes might be inconsequential, a similar network disruption for an entire day (or several) would cripple any business that relied on Ethereum smart contracts for its daily activities (such as with ERP or logistics applications). This has huge implications for the future of Ethereum, since businesses will look to more reliable blockchains or switch to their own, off-chain solution if Ethereum can’t scale to their needs. + +**Creating Problems to Highlight Problems** + +Anyone that thinks that these conditions are a fluke is mistaken. The situation has been manipulated by the miners to profit off the limited transaction volume and increased gas prices. You see, **it's actually profitable for miners to create these situations**: if everyone could fit into the window, they would not need to pay exorbitant gas prices. The longer they keep the gas limits down, the more people are willing to pay to get into these ICO’s. It’s not just enough to change the way we do ICOs: We have to change the conditions that led to this current situation. Until then, an attacker can abuse the current conditions to destroy Ethereum from within. And here’s how: + +**Creating Our Attack Contract** + +(Here's where that example contract will be handy) To create our attack, we first start with a simple derivative coin sale contract. We’ll call these DDoS Coins, or DCoins. At the end of the sale, all the DCoins will be converted back into Ether at the rate TotalEtherCollected/TotalCoinsMade. + +1) We seed the contract with a starting amount of Ether. This amount will determine the price of entry per generation (higher seed amount means higher prices and incentive to enter). + +2) We require that only transactions with less than a certain gas price are allowed to purchase coins, preventing people from spending more gas to get into the sale early. + +3) We create a set of ‘generations’ with varying conditions on the sale, where the current generation is determined by the total number of successful purchases. The earlier generations have more favorable terms than later generations. + +4) We also require that each transaction in a generation receives the same amount of DCoins regardless of how much Ether is sent with it (as long as it is above the generation’s price). + +5) In order to incentivize miners to process the transactions, a percentage of the total Ether in the transaction goes to the block’s coinbase (the miner that mined the block). + +6) After a requisite number of generations or blocks have passed, the DCoins can be redeemed. + +**What the Attack Does** + +First, the seed Ether creates an incentive to buy DCoins. Since each coin is worth (SumOfPayments+SeedEther)/(NumberOfCoins), it will always be profitable to enter into the contract (though this doesn't have to be the case). Because the early generations have more favorable conditions, it will be most profitable to enter the contract earlier. We limited the gasprice, so the only way to incentivize a miner to process a transaction earlier than any other is to include a higher amount of Ether in the purchase transaction (and therefore send a higher amount to the miner when their percentage is taken out). Additional Ether over the generation’s price that is not sent to the miners is stored in the contract, increasing the value of the contract (and subsequent coins). As the generations pass, the contract stores more and more Ether, becoming profitable to enter even in the later generations. + +Since it’s at least profitable to enter the contract, it can be expected that all DCoins will be purchased as they become available. The point of the contract is now to get as many transactions in as early as possible. This creates the same race condition as the ICO mentioned before, and results in the network becoming increasingly congested as more transactions try to be included in the latest block. With enough seed Ether, it is possible to run iterations on this contract indefinitely and effectively DoS the network. How much seed Ether would be enough? According to initial calculations (see spreadsheet results), it would only take around $1M in seed Ether to create enough demand to fill every block on the Ethereum network (at current limits) for two whole days. Which means that **it would only cost $3.5M to congest the network to unusable levels for an entire week**. To put that in perspective, Poloniex has daily transaction volumes of over $25M in Ether alone, and nearly twice that in Bitcoin. The flash crash shows that there are individuals out there with this level of funding. The capabilities are there, and it is only a matter of time before a someone implements this contract on Ethereum to drive the value of the network into the ground. And this is with a basic smart contract that was coded in a day, not a sophisticated or mathematically optimal exploit. + +**Conclusion** + +So, what is the solution to the problem? Simple: **Miners just need to dynamically increase block gas limits again**. Easier said than done, unfortunately. There are enough reasons for miners to keep the limits low that we may never see 100% consensus on an improved algorithm without another fork. Other methods are likely in the works, but **until there is a concrete change, the Ethereum network will continue to be vulnerable to attacks like this thanks to the greed of its own miners.** +[VIDEO](https://streamable.com/dlgjzj) + +If you made a $10,000 investment at the time in the following you would have today (dividends reinvested, where applicable): + +* S&P 500: (SPY): $76,465 +* Apple (AAPL): $609,908 +* Amazon (AMZN): $469,370 +* Google (GOOGL): $158,769 +* Netflix (NFLX): $734,059 +* Pepsi (PEP): $50,192 +* Visa (V): $ 161,317 +* McDonald’s (MCD): $67,206 +One thing really stood out to me - and this is a topic that I have never been able to answer: 2023 + +The movie stated a line at some point where despite the shorting and lack of improving its underlying business strategies - it was stated that GameStop wasn't able to actually go out of existence until 2023 - and **this set up a red flag, for three reasons**: + +1. GameStops Senior Notes had a maturity of 2023, but [GameStop paid them off early](https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-voluntary-early-redemption-senior-notes-0) + 1. [Saloman Brothers performed the underwriting of GameStop's IPO](https://www.reddit.com/r/Superstonk/comments/sfhjpe/comment/huqgz47/) (/u/toast_ghost267) + 1. SB was found guilty of fraud in the 2008 crisis; merged? with Travelers and eventually became Citigroup +2. LIBOR rates were [meant to last until 2023](https://www.reedsmith.com/en/perspectives/2020/12/paradise-postponed-us-dollar-libor-to-remain-until-2023) if Drump was re-elected + 1. Since he wasn't, LIBOR rigging ceased and we [switched to SOFR on 1/1/22](https://www.raymondjamesbank.com/more/resource-center/libor-transition) +3. The last [debt ceiling lift being good until 2023](https://www.cnn.com/2021/12/14/politics/senate-votes-debt-limit-congress-deadline/index.html) + +This might be nothing - but is there a connection with Senior Notes and a 2023 maturity, LIBOR 2023 expiration, and the debt ceiling **ALL** having an ending year of 2023? + +**WHY IS 2023 SO INTERESTING?!?!?!** + +Edit : some additional discussion about Simon Property Group pushing out indoor malls in favor of outdoor style malls; and connections with Amazon / Bain Capital: + +[https://www.reddit.com/r/Superstonk/comments/sfnros/comment/hur4v77/](https://www.reddit.com/r/Superstonk/comments/sfnros/comment/hur4v77/?utm_source=share&utm_medium=web2x&context=3) + +Credit : /u/[throwawaylurker012](https://www.reddit.com/user/throwawaylurker012/) +A doxxed team, super transparent and very active. + +The team believes that the emergence of cryptocurrency provides an amazing opportunity to change the monetary attitudes and perceptions of modern society. We plan to make HealthToken a real world currency, redistributing wealth to our users along the way. + +#Mission + +Through developing a growing list of apps that directly integrate out $HELTH crypto-currency coin we enable the creators to share their knowledge among users. + +#Charity +Eventually, we will be providing a dashboard for $HELTH holders to donate directly to causes they are passionate about. These donations will incur minimal fees and empower truly great causes. + +#Tokenomics +$HELTH is designed not only to provide sustainability but also to empower amazing health-based charities along the way. 5% of each transaction will be distributed as follows: +- 0.5% Beat Eating disorders - "Beat exists to end the pain and suffering caused by eating disorders." +- 0.5% Sport in Mind - "Sport in Mind is a mental health charity that uses sport and exercise to promote mental well-being." +- 1% Liquidity +- 1% Rewards +- 2% Redistribution +- Doxxed Devs +- Android & iOS Companion App + +This is a project with a real usecase and we are here to make a difference. + +https://bscscan.com/address/0x2bD7E7aEd93D79d7D8a6D23DC7dEFC7D6b5D84ad + +https://t.me/officialhealthtoken + +https://handler.health/ + +https://twitter.com/realhealthtoken + +https://www.linkedin.com/company/realhealthtoken + + +Do your research and hop in the health token! +**Introduction**: This post is part of an ongoing monthly early-retirement series that will continue indefinitely, provided that the voting reflects the view that it is still seen as relevant to the community. I suppose that this is my way of giving back to a movement that helped me tremendously on my journey. As this post has become increasingly popular based on the number of views and comments, and as my desire to spend a great deal of the first day of every month on reddit has significantly waned, **my responses will be limited**. Career and background summaries are provided at the end and repeated every month. Please check those sections as well as the comments and posts from previous months to find answers to potential questions. I genuinely appreciate all the thanks and well-wishers, even if I don’t take the time to say so individually. + +**Model**: I wish to maintain a portfolio that began in June 2017 at $1,025,772. I will use a maximum withdrawal rate of 3% of the year’s starting balance, provided that the portfolio remains above $1M. The budgeted withdrawal amount is $2773 per month for 2018. In 2017, it was $2564 ($2618 adjusted for inflation). Should the portfolio drop below $1M, I will lock back into a maximum $2500 per month ($30k per year) guardrail withdrawal until the market recovers. I realize that this is not how the holy Trinity works, but consider these three factors: a 3% goal withdrawal rate is below the 100% historically safe mark for indefinite portfolio survival, our actual withdrawal rate is just above 2% of the original portfolio balance thus far due to earning additional income, and the extended bull market has put us 15% above our original target amount. We obviously have some flexibility. + +**Spending**: Living expenses for the month came to $2238. This is $535 under the 2018 monthly targeted amount of $2773. Our spending is 8.1% under budget for the month, now 8.1% under for the year. We generated $1491 of income this month from my wife's part-time fun job at the library, sales on ebay, and some of my old book royalties. Our investment withdrawal was $747 this month, thus our pro-rated, annually-adjusted withdrawal rate is 0.81% for the month, 0.81% for the year, and 2.19% since retirement. Without the additional income stream, our pro-rated, annually-adjusted withdrawal rate would have been 2.42% for the month, 2.42% for the year, and 3.44% since retirement. + +**Investments**: The portfolio went from $1,109,284 to $1,156,382 (a 4.25% increase for the month), which dropped down to a new total of (drum-roll) $1,155,635 after paying the bills. This is a 12.7% increase from the original starting balance of $1,025,772, even after withdrawals of $14,739 for living expenses over eight months. Since retirement, capital income from the investment portfolio has produced the equivalent of a full-time employee generating $104.28/hr of labor income. VTSAX (62% AA) went up 5.3% this month (5.3% up for the year); VFWAX (21% AA) went up 5.7% (5.7% up for the year); VWLUX (17% AA) went down 1.6% (down 1.6% for the year). + +**Reflections**: Our previous best month for the portfolio was 11/2017 with a 1.99% return. 1/2018 shattered that mark with a 4.25% return (and was actually well above 6% before this week’s correction). We made more money in the first three weeks of January than I ever made in any six-month period as a pharmacist. I have come to accept that the market is in insanely frothy territory, but I will sail obliviously forward with it. I am very thankful that, two years ago, I took the consensus view here of asset allocation and moved from 50/50 stocks/bonds to 80/20. Spending has returned to normal since the lump sum expenses that tend to cluster in December are now behind us. We had no big purchases this month for me to make excuses around, which is a first since retirement. There were just some small things like two unwanted family dinners, amazon prime renewal, and two large electric bills. + +**Experiences**: I strained the flexor hallucis brevis in my right foot on 1/4, which caused me to miss over two weeks of marathon training. Who knew such a thing existed? I wasted a lot of time on the computer the first few days after that doing nothing productive. I also came to terms with the fact that I am isolated. My friends have work, school, and children to occupy their time. I have none of those. I have nothing but time. I have no desire to join social groups and meet new people just for the sake of meeting new people because I honestly do not care for most people. My wife is on the other end of ninety-nine percent of my conversations. I did not anticipate what this would feel like. I am not fishing for advice or sympathy; I am just writing what is on my mind. While down with injury, I spent seventy hours creating an astronomy timeline display for the museum where I volunteer. Instead of learning about how the universe formed, it focuses on the order in which we learned about certain aspects of the universe and updates our understandings as you move forward through time. We started Game of Thrones (in season four now). I started running again on 1/22 and began playing the Nintendo Gamecube games that I purchased over a decade ago and never touched. I also made a gratitude list recently. It is ridiculously long. Reading it makes me feel ashamed when I find myself worrying over trivial matters. I think this is a good exercise for everyone to do. Finally, I did my taxes yesterday, which will get a special section this month… + +**Taxes**: I anticipated breaking even, but I will be getting an unexpected refund of $5000. This is a breakdown of what happened. First, there is some absurd thing called a Retirement Savings Contributors Credit of $2000 to help low-income people such as myself save for retirement (which I clearly could not do on my own without this much-needed help). Second, I forgot that my income would be low enough this year to recharacterize my $5500 IRA contribution from Traditional to Roth. Third, I forgot that I had $3000 in capital gains losses from bond sales that carried over from the previous year. Fourth, I spent some time converting a hobby over to a business last year, which I figured would be a smart move since I’ll have more time on my hands (many of the startup costs can be immediately deducted). Fifth, there is a cap on how much of the excess premium tax credit one has to return on ACA subsidy payments. I anticipated having to pay a lot more back because I made the mistake of getting the most expensive plan that the subsidies would cover fully at 100% FPL. If I had it to do again, I would have chosen a cheaper plan since there was no way I could have got our MAGI down to 100% FPL with five months of employment. In short, we ended up paying less than $100 in taxes despite earning over $73,000. How to eliminate $73k in income: $18k 401(k) contribution, $3k business startup, $3k capital loss carryover, $11k IRA contributions, $2k student loan interest, $13k standard deduction, and $8k exemptions leave $15k in taxable income (and $1k owed in taxes). $1k taxes + $1.5k ACA excess payment negated almost entirely by $2k Retirement Savings Contributors Credit and $400 in foreign tax credit. Net taxes: less than $100. + +**Upcoming**: On February 3, I will be going for 1:25-1:28 in my half marathon. No real goal, but a top ten finish (out of 500-600) would be nice. I finished 98th when I pulled myself off of the couch in 2013. My personal record of 1:27:57 should fall easily unless something goes wrong. After the race, more Gamecube, more Game of Thrones, and more running. I will continue volunteering at the museum, and I have plans to volunteer in the campaign for a local House race. She doesn’t have a prayer of winning, but that’s not the point. I’ll also be doing whatever the fuck I want. + +**Career**: I am a former retail pharmacist who hated his profession for the following reasons: unacceptable amounts of stress, lack of civility from the general public, capitalism gone amok, fundamental disagreement with the overuse of pharmacotherapy as an answer for underlying health issues, and a severe opiate crisis that few have yet to appreciate. I attended college for eight years to earn a bachelors and doctorate before joining the workforce for nearly twelve years, entirely with CVS. $150k in education costs were covered by academic scholarships ($25k), employment during college ($20k), prior savings from high school employment ($5k), revenue from an eBay business while in college ($10k), and massive help from my parents ($90k). My salary plus compensation went from $115k in 2005 to $150k in 2017. My savings rate was about 70%. + +**Background**: I retired at the age of 38 on June 6, 2017, the day before the twentieth anniversary of my high school graduation. I am married with no kids and generated over 95% of the family income while employed. We live in LCOL rural TN. Our asset allocation goal is approximately 60% VTSAX (total US stock market) / 20% VFWAX (total INTL stock market) / 20% VWLUX (US municipal bonds). We also hold roughly $400k in house, land, and belongings not included in the portfolio. My spending model places no dependence upon supplemental income (future employment?), social security ($10k/yr?), inheritance ($500k?), house equity (no heirs?), universal health care (probable?), or universal basic income (possible?). The final balance will be left to charities and worthy causes. + +[How Sydney family owns 13 properties in NSW, QLD and WA | news.com.au — Australia’s leading news site](https://www.news.com.au/finance/real-estate/buying/how-sydney-dad-owns-13-properties-despite-period-of-joblessness/news-story/117157a1afce0a1e29fe5d04ca39239f) + +*This person bought the 1st home in 2016. Then they were able to buy 12 more homes in less than 10 years!* + +According to the article: + +* *He worked in IT while his wife is in the community services industry. Between them, they pooled their cash and snapped up a 3-bedroom house in 2016 in the Sydney outer west suburb Liverpool.* +* The house cost $546,000 and they put forward a 10 per cent deposit as well as lenders mortgage insurance to cover the rest. + +.. + +This guy and his family then went on a buying spree. + +* *2019* \- purchased a house in Southport, Queensland, for $220,000 and the next month, they also snapped up another Queensland property in Kallangur, north of Brisbane, for $160,000. +* ***2020*** **- They bought 4 homes.** +* *2021* \- Guy lost his job, and then got another 2 homes. +* ***2022*** **- They bought 4 homes.** + +**..** + +*How would you even get 4 homes in 2022 with the restricted lending requirements? How do you go from 1 home to 7 homes in 4 years?!* +I've seen at least 2 post today on reddit of people claiming that they are gonna pull their money out of the stock market due to consistent losses. Most of their holding are stocks that were once popular on reddit and more than likely they bought at the very top of the hype but that's not here nor there. The fact is that if you invest money that you don't need any time soon you can just ride the wave of losses. + +I'm personally living paycheck to paycheck and could definitely use the money I have invested but I keep trying to see that money as LOST already. Maybe not the greatest thing but I'm definitely not dependent on it and don't plan on using it anytime soon. There's a certain Game ticker that has lost me a ton of money these last 2 weeks and I haven't bat an eye because I'm not counting on that money. + +I know a lot of us have been and continue to be broke and when we hear people on reddit discussing a damn near certain winner you want to jump in and make some money. But the truth is most of the time it's either a Pump and Dump and more often than not these people are just wrong. + +So my advice to you is if you can't afford to invest money and not touch it for at least a year whether it goes up or down then just don't invest that money. You'll most likely pull out too soon and just lose money. +Please keep the discussion about $BBBY in this thread so as to not spam the subreddit with this ticker. + +&#x200B; + +https://preview.redd.it/up3rsr715ii91.png?width=290&format=png&auto=webp&s=bc7f9375eceb42475d8b53f4c146b6ea8d5e2373 + +&#x200B; + +&#x200B; + +Many memestocks have made their way on /r/wallstreetbets radar over the years. Each made its way at different times and came with some great memes, some big wins, some mind-boggling losses, and some great memories, and each one brought on many new members to our community and to retail trading. + +I want to take this opportunity to reflect back during Jan. 2021 from behind the scenes. As we were just about to hit another milestone of 2 million subscribers. GME popped on our radar seemingly out of nowhere and very quickly gain a lot of traction similarly to $BBBY. + +/r/wallstreetbets was a bigger story than covid. Every major publication and media outlet in the world rushed to make some sense of what was going on, all requested interviews with us and what I noticed was happening, each was not looking to report the news but every journalist had their own version of a story and was only looking for us to go on record on many things that were just made up and just not true. With the amount of media coverage 7 million new members flooded into /r/wallstreetbets, the ethos of our community became extremely muddied as many outside our community came in to speak for us as the media rushed to get their version of the story out. + +I think it is exciting and amazing to see so many new members but let's not forget that a majority of members are new so take what is said with a grain of salt and do your own research. Not everything is a short squeeze, not everything is a cryptic message. + +/r/wallstreetbets first and foremost is about the come up and getting that bag. The stories about what some people are willing to risk to get the bag and stories about their success or failure are what make this place amazing and fun. It's your money and your own responsibility for how you choose to use it. Get in, get out, move on and repeat the process. + +Ty Have Fun. + +&#x200B; + +&#x200B; + +We are giving away some new /r/wallstreetbets deskmats! + +Winners will be picked at the end of the day. + +Follow our twitter [@offical\_WSB](https://twitter.com/official_Wsb) [dgenfrends](https://twitter.com/dgenfrends) + +Post what you think the price target BBBY will close at today ? ( Cutoff will be 2 hours before the market close). + +Post the best BBBY Meme + +Post your gains. + +&#x200B; + +https://preview.redd.it/m3iurie35ii91.png?width=960&format=png&auto=webp&s=5622a029199f3fff1d4c586954ba96f1d42235a1 +Ok so let's say i have 100$ and i want to daytrade and overall getting a good monthly profit. + +I use Binance Futures and i want to trade cryptos.Let's say i use 20x leverage so i play with 2000$, BTC goes from 45400 to 45700 (0.67%). +Does that mean that i made 0.67% profit from 2000$? (13,4$ profit)? + +Did i said something wrong??Is that a good strategy? +Hi + +It would be very helpful for my revisions If you could share some common mistakes you came across (so I will know what to look for when revising) or you did as a beginner trader or you are aware that beginners scalper do like "don't enter trade at resistance" etc.. + +Pleas eIf you have a moment to elaborate I would really appreciate.Thank you +I have been searching amazon for detailed information on the vast majority of technical indicators. I basically wanted an encyclopedia on all the known technical indicators. The book I did find titled Encyclopedia of Technical Indicators did not appear to actually be what is needed. Most of the newer books are sad. It seems few people write books of depth these days. + +My question: Does anyone have a recommendation of a book (or at this point a good comprehensive resource of any kind) that covers the vast Majority of different available technical indicators and candlestick formations and maybe has a paragraph or two describing what the indicator is, what it does, and how to best use it. + +much appreciated. + +&#x200B; +I mean that the markets are expected to behave in either a completely chaotic nature, or they would sometmes go through similar cycles and patterns. But the Elliott Wave Theory says that the prices always go through the 5-wave cycles, and such cycles include the every diminish waves. + +This woul also mean that the super-small price moves - those that are contained with 0.0001the of the second would also go through the 5-wave cycle? + +I am new to trading, but I used to learn about the basic concepts in trading before. I would be super grateful for any simplified explanations and commentary. + +Here is his quote: ‘It’s very hard to escape the sense that there’s mania now, that this is a FOMO market. When you look at the way that people have piled into the stocks of bankrupt companies like Hertz there’s clearly something, a bit of mania going on.’ + +He then goes on to say that the way things stand now, the national debt isn’t much of a concern, and he thinks a big infrastructure program is a “no-brainer” for policymakers. “At this point with everything else going on, the great danger is that we spend too little, not too much,” + +My guess is that we see a slow decline of about 10%-15% from here for another few quarters, and then a sideways market for a few years. What do you all think? + + + + + + +https://www.marketwatch.com/story/there-a-mania-in-stocks-but-investors-face-an-even-greater-danger-warns-nobel-prize-winning-economist-2020-07-28 +Hey ladies and gents, and apologies for the folks over at /r/asx_bets, you will get your own exclusive post at some stage. + +There was a big splash made by the new entrant into the market, Superhero. They have some fancy backers. What are the main differences between us and them at the moment? + +**CHESS Sponsorship** + +This is the main one. They can offer $5 brokerage as you don't have your own HIN assigned to you and they can do all sorts of things with your trades to make money, as is done in the US. + +Superhero has clarified that trades will be consolidated at days end during settlement, in order to be able to provide cheaper trades. + +Without CHESS sponsorship, there is a middle man between you and your shares. Superhero hold your shares on your behalf, whereas with SelfWealth (and other platforms) you own the shares directly. CHESS sponsored trades are considered safer due to this as the ledger of who owns what is at the ASX, not at a private company. + +SelfWealth offers share trading at $9.50 vs $5 of Superhero, yet provides a clearer ownership structure. + +**Transparency** + +SelfWealth is a listed company, meaning the company's financials are on display for anyone to see. You can see if the company is doing well, or not doing well. SelfWealth is cash flow positive. + +**Transferring Between Brokers** + +As you all know, if you have your own HIN you can move that to CommSec, SelfWealth or NAB. Shift the HIN and everything goes with you. This is a bit more complex when you don't own the shares directly. They also charge you to transfer stocks in and out, $55 per stock as per their fee schedule. + +**Corporate Actions** + +Superhero has clarified corporate actions will be managed by the individual, not by them. + +**Order Types** + +Want to choose the price your order goes into the market? You need to pay $9 / month to do that. You only get "at market" orders on their free option. + +As a reminder: we're launching [US trading soon](https://trade.selfwealth.com.au/us-share-trading) and a mobile app alongside it. +http://imgur.com/gallery/Kp0KHqa + +This contract is not worth $107. However, an inexperienced trader might look at this and be tempted to post some spicy gain porn in r/smallstreetbets and end up looking real dumb. + +For those who don't know, what we're seeing here is a crazy high bid/ask spread in a contract with 0 volume. I suppose my broker just chooses a mid point in this spread and shows that as the current market value of the contract, even though it would never sell for even remotely that much. + +Now I only bought this bad boy for a credit spread. But it's currently fasley inflating my net account value. It's important to keep these things in mind when trading options and considering your standings and determining unrealized gains/loss. A year ago, I would have been dumb enough to close my short call and try to realize all this gain on this long call, only to figure out it'll never sell for that high. +You guys probably already know this, but of all the stock market trading subreddits, r/thetagang seems to have the highest collective IQ and are generally helpful when members ask questions to crowdsource knowledge. + +I don't have a lot of investing experience (formerly all boring and safe holds that I exit way too early on) but recently got lucky and made 80k on GME last month. That's 9x more than my collective savings so I was shocked and anxious. I come from a bloodline that is notorious for addictive gambling and severe alcoholism (a few prostitutes too), so I overcorrected on risk tolerance and have missed out on lots of opportunities. I didn't want to lose all of the GME gains by making bad decisions from an artificially inflated ego over one fortuitous trade, so I lurked harder on r/stocks, r/investing, r/personalfinance, r/thetagang, etc. I do truly love my WSB degenerates, and the other communities feel like responsible parents lecturing people on risky plays, but r/thetagang feels like a smart older sibling who answers your n00b questions but also encourages you to grow and improve on your own through experience. I sold my first covered call on Monday (MVIS March 19 $35 strike for $1,675). It's small potatoes but I want to thank you all for being great and so helpful with all the information you post. I'm working on down-payment money and want to do it responsibly so I can set up my husband, daughter, and me with a permanent home. After 3 decades of life hearing (but not following) my dad's family providing financial advice such as buying things you can't afford, hiding them in storage, and filing for bankruptcy, you have no idea how much it means to have people who answer basic trading questions for you. + + +Best of luck to the Theta crew. May all your options yield hefty returns. + + + + + + +Edit: I apologize - I don't think it was clear that I was being playful in my joke about how the OGs/most experienced of Theta Gang are propping up the general community's collective brain power. All of the mentioned subreddits have great contributors, content and knowledge. I appreciate them all. WSB is fantastic and is my original family... kind of dysfunctional, rowdy, constantly risking their livelihoods gambling. Theta Gang is the Big Brother/Big Sister program, helping poor kids like me do homework so I can get smarter and one day have a better life. r/investing convinced me to sell on the crash of GME last month when someone reminded me that investing shouldn't be emotional. I could have lost all gains because I started getting hyped to make it a lesson to big money, which clouded rational decision making. +http://imgur.com/gallery/Kp0KHqa + +This contract is not worth $107. However, an inexperienced trader might look at this and be tempted to post some spicy gain porn in r/smallstreetbets and end up looking real dumb. + +For those who don't know, what we're seeing here is a crazy high bid/ask spread in a contract with 0 volume. I suppose my broker just chooses a mid point in this spread and shows that as the current market value of the contract, even though it would never sell for even remotely that much. + +Now I only bought this bad boy for a credit spread. But it's currently fasley inflating my net account value. It's important to keep these things in mind when trading options and considering your standings and determining unrealized gains/loss. A year ago, I would have been dumb enough to close my short call and try to realize all this gain on this long call, only to figure out it'll never sell for that high. +There is a trope of Europeans travelling and working in Africa about Africans not saving money. In an article I am reading about European development aid an European developent aid workers makes the following accusation: + +> “I don’t have all the details, but I think they have preferred to share the money. They should have saved it,” he said of the workers there. “The problem here is a cultural one. If you have money, you spend it all — it’s the same everywhere in Africa. People here don’t prepare for the future. There is an incapacity to save.” + +From an economist point of view, what is known about the saving habbit of Africans and if the statement is true, what do we know about the reasons. + +Source for the statement: + +http://europeslamsitsgates.foreignpolicy.com/part-1-the-paradox-of-prosperity-mali-africa-europe-EU-migration + + +I'm fairly new to economic thought so I apologize for the ignorance. I would like to know the incentives that the market employs in order for more "technical" or "good" jobs to be paid more than manual labor or simple jobs. For example, why is it that a doctor is paid many times more than a fry-cook? It seems so obvious yet I cannot seem to identify the exact process that decides the pay of any given job. +I was listening to a podcast on degrowth (I know most traditional economists dismiss this idea and I would be open to your critiques of that but it’s not my question) and the economist being interviewed split economics into 6 schools, classical, neoclassical, Marxian, Hayekian, Keynesian, and ecological. Would that be a normal split or not? If not what would be the main schools of economic thought? How prominent or at least accepted is the school of ecological economics? Thanks a bunch !! +I’ll admit it. I’ve always been a phone snob. I had to have the next newest iPhone every time one came out. I’ve also always been a service snob. If I didn’t have the name brand service it wasn’t good enough. + +Well, that all changed. My wife and I have started budgeting and trying to cut costs in places to start saving more and increase expendable income. This was a great place to start. We had the available funds to buy out our phones and have them carrier unlocked. Once that was done we switched to cricket wireless. I can’t speak for everyone but our service is BETTER now. + +Do your research and see if a prepaid service around you offers comparable coverage to what you have now. You may be able to save a bundle! + + +Edit: for clarity sake, this is for TWO lines. +$45 per line per month. Coverage is unlimited LTE and talk/text. 10gb LTE hotspot +We chose cricket because it gets the best service is our area as far as prepaid goes and because we were able to bring the phones we bought out of our sprint contract. Not every prepaid carrier took our phones. +My first job coming out of the Army in 1972 was selling a new condo. Condos were new in the US then. + +I researched the heck out if them. After six months of seven days a week work I sold 18 of them the other salesman sold two. I got paid nothing because the bank appraiser said they were not worth what I sold them for. I pointed out that 18 comps was far more than enough to support the prices---to no avail. + +At some point in the 21st century, financing had become impossible at many condos because of a half dozen or more disqualifying criteria: + +\* too many units owned by one person + +\* too many units occupied by renters + +\* too many units delinquent on HOA dues + +\* any lawsuits alleging the premises are unfit for habitation + +\* etc. + +Many condos cannot be financed ever as a result. Forget about them. + +When Champlain Towers South pancaked down killing almost all inhabitants, we got another reason: if the structure is taller than 2 or 3 stories, you need to get a structural engineer to approve the building before you buy. And you simply cannot afford that expense when you are just buying one unit. Forget about it. + +FL is now likely to pass a law essentially using the same criteria that requires inspections and sinking fund and maintenance requirements. Buildings 3 stories or taller would have to be periodically inspected. Recommended repairs would be mandatory. HOA fees would have to be high enough to accumulate funds for repairs and replacements. + +All if that will increase the cost of buying and operating such buildings significantly and increase the uncertainty of owning them. I believe I also read recently that some lenders and insurers decided to redline taller buildings. + +Would this rule out the most attractive, well-located buildings? Yes. Do I need to change my recommendation because of that? No. Tall buildings have extreme risks that shorter buildings do not. Furthermore, they tend to have lesser appreciation rewards than detached homes. Not a close call. +After I inherited lots of money and combined it with my savings and investments from 25 years of putting money away, I looked at my bank and brokerage accounts and became very philosophical. + +I decided I wanted to see the world, and specifically third world countries. (Also called developing countries). Yes, I had traveled before, but mostly to Europe and resort destinations. This time my wife and I took off on a round the world two month adventure. We wanted to see how people lived in places where surviving was a day to day challenge. We expected that while we could not save the world- it would give us a perspective on poverty and charity. + +What an experience! We saw places of incredible beauty but also incredible ugly scenes. We interacted with lots of desperate people who lived day to day. We saw hillsides of shantytowns and smelled unbelievable filth. Everyone we talked to wanted to move to America so they can become millionaires. + +We returned home wondering why God allowed us to live in wealth when most of the world lives in poverty. + +I don't know if this experience will encourage us to try to be better investors with our money or just accept what we have. + +How has exposure to poverty impacted your view of your own financial independence? + +(Added after reading the 333 replies to date: I find a few things really interesting in peoples comments so far: + +1) People try to link the poverty in America to the poverty in Third Word Countries: OMG! There is no comparison. + +2) Lots of posters tell us that because of love and family in the third world countries even the poorest people seem happy. Maybe true, but maybe the satisfaction many people in those countries have even though they are extremely poor is the reason they will stay poor forever. + +3) Many posters say that after seeing poverty overseas, they have cut down on materialistic spending. Sounds good in theory, but it is the spending on things Americans really don't need that keeps many factory workers overseas alive another day.) +I think I was making things way to complicated. Trying to figure out different indicators and stacking them together, looking for strategies and which pairs are best. I ended up confused and frustrated. + +Once I really learned basic support/resistance and price action it seemed to click. After backtesting this weekend I think I may actually end up profitable this week. Wish me luck. + + +Ryan Cohen is known to make South Park references Tso I decided to take a look at Season 16 Episode 14 "Obama Wins" after u/bigbadvoodoodonut mentioned the connection to RC's latest tweet. + +In the episode Eric steals the ballots from a bunch of swing states to swing the election for Obama. He hides the ballots from General Tso (China), Obama, the Police, Mickey Mouse (Disney), and Kyle & friends. Where did he hide the ballots? + +The Hummer dealership. Because no one wants to buy a Hummer. + +[Kyle sees a Hummer ad](https://preview.redd.it/e6j17ayqbfx81.jpg?width=2208&format=pjpg&auto=webp&s=4f07b13670ec597b148ffc6bae2343f7aa6fdf9f) + +Who makes Hummers and went bankrupt only to be bailed out by the government after the 2008 crash?  General Motors. Who did the US government pay to consult for GM & Chrysler afterwards? None other than Boston Consulting Group.  + +[https://www.nytimes.com/2009/04/11/business/11bizbriefs-USHIRESBOSTO\_BRF.html](https://www.nytimes.com/2009/04/11/business/11bizbriefs-USHIRESBOSTO_BRF.html) + +I wonder if BCG has ties to the other automakers around this time? Maybe something to do with the the cash for clunkers program? + +[\\"Obama Wins\\" premiered November 7th 2012](https://preview.redd.it/ofbe27f9efx81.jpg?width=1348&format=pjpg&auto=webp&s=920e617a512f18f04c15b467e715a0fc1dbfd863) + +The episode also mention's General Tso's Chicken a lot. Tso much that when Kyle makes the one millionth General Tso's Chicken joke he wins a $5000 gift card to... + +&#x200B; + +[Corporate media diverts attention from the missing ballots](https://preview.redd.it/xyuqowwbgfx81.jpg?width=2095&format=pjpg&auto=webp&s=3ab7884622c6d905d3daffb565820a613804a7b1) + +PF Chang's. Yes. The same PF Chang's featured in the DD from about a month ago entitled [The Stormtroopers of the Investing World](https://www.reddit.com/r/Superstonk/comments/txl6do/dumb_stormtroopers_of_investing_world/?utm_source=share&utm_medium=web2x&context=3) + +Also, the whole plot revolved around who would get control of Star Wars (Disney or China) and the episode literally includes stormtroopers. + +https://preview.redd.it/7stz8c1dhfx81.jpg?width=2208&format=pjpg&auto=webp&s=c1e89c3685eeed0ae05ca4926fdb430156400811 + +The scene where Cartman meets General Tso and Obama takes place in Red Lobster and KFC was featured in a background shot as well. Maybe Darden Restaurants and YUM Brands are worth looking into? + +TL;DR: One thing's for sure. Ryan Cohen tweeting about General Tso's Chicken right before May the 4th can't be a Cohencidence + +Read the ToS or in my opinion be burnt by them when the time comes. + +Do not fall for fancy marketing ads. +Or a pos ceo who chooses to be "an ape when he needs to be" +His own words from his own AmA 🤢 🤮 + + +Edit. Imo it truly sounds like holding under lying asset in etoro is just hoping that they will not suffer liquidity issues and not close your positions. +I could be wrong and things may go smoothly.... but idk the ToS seem to tell a different story. + +Edit: 2 seems some of you dont like what ive posted... if you think this is shilling then wtf lol. Those of you sliding in my dms calling me a shill...[why are you so obsessed with me ](https://giphy.com/gifs/mean-girls-regina-george-obsessed-szPZ2NXIGCMcE) +Have a good weekend lol 🍻 imma have a fukin beer. + + +https://www.etoro.com/wp-content/uploads/2022/01/eToro-EU-Terms-and-Conditions-12-January-2022-Clean.pdf +This might be a good time to write about this since there is a major sell off and lot of you might think you can buy Chinese stocks for a low price. Cramer might say whatever but it’s your job to research into the stock you buy. + +You don’t actually own the stock of the Chinese company shares that are bought via American or any other world exchanges. CCP laws do not allow foreigners to own shares in a Chinese entity. You actually own shares of a shell company located in the Cayman Islands that has the same name as the Chinese stock you own. This shell company has certain economic agreements with the Chinese company so that the share holders of the shell company get economic benefits. You can read more in the below link. + +This kind of a structure leads to a lot of issues. One of them is low blowing American investors after the Chinese companies becomes profitable. Basically Chinese companies are listed in the US and use US investors capital to become profitable and then are taken private at a low price before re-listing in China for a far higher price. + +Then there are risks of the CCP out right invalidating your shell company shares if CCP considers your shares as foreign ownership. This depends on how the shell company shares are related to the Chinese company. Most of the shell companies are shown as a subsidiary of the Chinese company. So the CCP can consider owning shares of a shell company of a Chinese company subsidiary as foreign ownership and invalidate those shares. The below Bloomberg link has more about this as well. + +And then there are accounting issues. The standards of listed Chinese and American company accounting requirements are different. We already have an example for this - luckin coffee. + +https://www.bloomberg.com/opinion/articles/2021-07-07/owning-chinese-companies-is-complicated +Good morning all. + +I'm a 27 year old single woman living in London on 24900 +I've always struggled with staying long term in jobs , impulsive spending and debt. +Last year I was diagnosed with ADHD and had to go private as I was about to be fired from another job( again) and the NHS waitlist was still 2-3 more years for me. +This is costing me a whopping £443 as I have a monthly psychiatrist appointment, adhd coaching and medication. +Expensive but without them I wouldn't even have a job. + + +I've got a degree and masters however have left this field due to being bored and no longer enjoying it and this is a constant cycle throughout life prior to my current job I was on around 33k. +To add to this I have a chronic lifelong illness which put me in hospital for a year as its triggered mainly by stress. Trying to work through a job I hated for a year meant I lost a year of my life. + +I can't save because I'm on a low income and have rent and meds to pay for (gp refused shared care so remain on waiting list) + + +I hate the prospect that life is just going to be me trying to get by. +No amount of money aids me to stick to a job, once I'm bored it's extremely physical and depressing and I struggle with executive functioning. + + +All my bills leave the day after pay day and I'm left with about £40 for food for the month so I'm constantly using my overdraft , pay it back once day comes and repeat. Impulsively isn't the issue either as I no longer spend on going out or hobbies as I can't afford it. I do pay for gym and Spotify and they are too beneficial to my life to get rid of as then I'd have nothing for myself. + +Do I have to be realistic and just accept that owing my own home one day is out of reach, especially as a single person or are there any success stories on here ? +Every single day, we can only estimate that thousands, if not tens of thousands of shares are bought by retail(maybe more). Each of those shares are worth hundreds of thousands and even millions of dollars -- every day that they drag this on adds trillions of dollars that they are going to need to buy back due to the blatant corruption by Mayo Boy and his friends. Ending this as soon as possible is trillions+ of SAVINGS by the groups inevitably left holding the bag for their lack of oversight and due diligence. We're all diamond handed share holders who just like the stock so we can be patient.....but force it soon or you're going to WISH a quadrillion dollars of losses was all you were going to lose. +I've noticed a lot of younger investors and I think one of the main things they should look for is dividend growth stocks to buy & hold. + +If anyone has any favourite, solid dividend growth stocks feel free to share them below! + +I'm a fan of $SO and I've bought a few shares recently! + +[Edit: Dividend growth stocks] +My wife and I have lived in the first home we ever purchased for the past 7 years. In that time, we've had 2 kids (they are 18 months and 3 yrs old atm). We currently live in Minneapolis proper and have been exploring schools for our oldest in case we want to move into the school district we feel suits our needs/priorities. + +Over the past year and half, my wife has become obsessed with Dave Ramsey and we have paid off 20k debt (student loans, new car, yet have another 10k to go) all while making around 100k. Day care is 30k a year, so I'm actually pretty impressed with how strict we have been budgeting. + +My In-laws have taken notice and feel we have a solid budgetary mindset, and they want to help up on this trajectory. They have consistently said they'd rather help us when we need it rather then watch us struggle and inherit their hard work after they die. What a generous philosophy! + +So...here I am. I'm looking for the best way to go about accepting their gift. + +-Do we sell our house and take out a mortgage on the new one and simply have them send the lender a banknote? + +-Do they purchase the home, and then we buy it from them minus 200k? + +-We owe about 190K on our current home. Should we have them pay off our current Mortgage and start fresh with sizable downpayment? + +-Other ideas? + +My father In-law doesn't really have a financial adviser, just a guy at the bank he talks to. He's the one that recommend he start selling some property and "liquidating" his assets since he's near retirement. That's where this idea sort of came from. + +Thanks in advance! + +Edit 1 - Thanks for all the suggestions, advice, and anecdotes. We truly are blessed to be in this situation + +Edit 2 - Renting out the house isn't an option. I have ZERO interest in being a landlord or dealing with a rental management company + + + +I feel like this sub used to always contain, more than anything, a lot of detailed speculations and information as to why the prices are what they are. With the help of peer review we got all the confirmation biased we'd ever need but currently I feel like this is missing, and even if its nothing new can someone please explain to me why the price keeps on dropping? + +I know people will tell me that nothing really changed and hedgies are manipulating the market and will eventually be fucked but can someone show me some more updated Data to this? Im not trying to spread FUD but Im really needing some of that sweet DD now. +TLDR: **Naked shorting appears prevalent in GME, and if true was likely aided by DTCC, whom by extension may have shut down the short squeeze on 1/28 because it would've caused a massive scandal had the squeeze happened**. I know ape can't read but I implore you to read the whole thing (originally wasn't going to add a TLDR but decided to add it just so more people will read even just a little bit) + +I was doing some research on naked shorting in the context of GME which led me down a rabbit hole of pieces connecting with each other as it relates to GME. I was taking notes while reading and below are the results of my notes. This is still a hypothesis and theory but appears supported by numerous pieces of the puzzle, I could be wrong but personally the pieces seem clear to me now: + +One of the interesting things about GME and a big part of what triggered the short squeeze happening is the extraordinarily large short interest percentage reported by Finra to be 226%, and later in the range of 150% percent of total float. Another interesting factor is the extraordinarily high number of FTIDs ([https://wherearetheshares.com/](https://wherearetheshares.com/)). Both are strong indicators of the practice of naked short selling which in general is illegal. In addition there have been many indications that there are far more shares out there then should exist (there are many analysis and data points pointing to this but just one example: [https://www.reddit.com/r/wallstreetbets/comments/le235t/gme\_institutions\_hold\_177\_of\_float\_why\_the/](https://www.reddit.com/r/wallstreetbets/comments/le235t/gme_institutions_hold_177_of_float_why_the/)). Where do these shares come from? One potential explanation is synthetic long shares (created via a loophole described here [https://www.reddit.com/r/wallstreetbets/comments/leorks/evidence\_points\_to\_gme\_shorts\_not\_having\_covered/](https://www.reddit.com/r/wallstreetbets/comments/leorks/evidence_points_to_gme_shorts_not_having_covered/)) or counterfeit shares caused by naked shorting. + +I’m an entrepreneur, not a finance expert, so I started doing some more digging on naked short selling to educate myself more on the subject. I started with this [https://www.sec.gov/investor/pubs/regsho.htm](https://www.sec.gov/investor/pubs/regsho.htm). “Failures to deliver may result from either a short or a long sale. There may be legitimate reasons for a failure to deliver. For example, human or mechanical errors or processing delays can result from transferring securities in physical certificate rather than book-entry form, thus causing a failure to deliver on a long sale within the normal three-day settlement period. **A fail may also result from “naked” short selling**.” + +Interesting. We have a consistent and very high rate of FTIDs dating from 2020 and beyond, an indicator that the stock has potentially been naked shorted for a long time. + +According to former Chairman of the SEC Christopher Cox, “Abusive **naked short sales... can be used as a tool to drive down a company's stock price** to the detriment of all of its investors. The Commission is particularly concerned about **persistent failures to deliver in the market** for some securities that may be due to loopholes in the Commission's Regulation SHO, adopted just two years ago… Selling short without having stock available for delivery, and **intentionally failing to deliver stock within the standard three-day settlement period, is market manipulation that is clearly violative of the federal securities laws**… We are particularly concerned about the potential negative effect that **substantial and persistent fails to deliver may be having on the market in some securities.** Specifically, these fails to deliver can deprive shareholders of the benefits of ownership - voting, lending, and dividends from issuers. Moreover, **they can be indicative of abusive naked short selling, which could be used as a tool to drive down a company's stock price**. (Source:[ https://www.sec.gov/news/speech/2006/spch071206cc2.htm](https://www.sec.gov/news/speech/2006/spch071206cc2.htm)) + +In a different speech Mr Cox re-iterated that short selling helps prevent "irrational exuberance and bubbles. But **when someone fails to borrow and deliver the securities needed to make good on a short position, after failing even to determine that they can be borrowed, that is not contributing to an orderly market – it is undermining it.”** Mr Cox also “referred to "the serious problem of abusive naked short sales” as “**a tool to drive down a company's stock price**" and that the SEC is "concerned about the persistent failures to deliver in the market for some securities that may be due to **loopholes in Regulation SHO**" (which reminds me of this piece I wrote [https://www.reddit.com/r/wallstreetbets/comments/leorks/evidence\_points\_to\_gme\_shorts\_not\_having\_covered/](https://www.reddit.com/r/wallstreetbets/comments/leorks/evidence_points_to_gme_shorts_not_having_covered/)) (source for SEC Chairman’s words: [https://www.sec.gov/news/speech/2008/spch071808cc.htm](https://www.sec.gov/news/speech/2008/spch071808cc.htm)) + +As another datapoint, Robert J. Shapiro, former undersecretary of commerce for economic affairs has claimed that **naked short selling has cost investors $100 billion and driven 1,000 companies into the ground**. (Source: This was originally in a time magazine article from 2005 which was deleted[ https://time.com/time/magazine/article/0,9171,1126706-3,00.html](https://time.com/time/magazine/article/0,9171,1126706-3,00.html) but the statement still exists in record in an SEC Filing from 2008[ https://www.sec.gov/comments/s7-08-08/s70808-170.htm](https://www.sec.gov/comments/s7-08-08/s70808-170.htm)) + +I also read ‘**One complaint about naked shorting from targeted companies is that the practice dilutes a company's shares** for as long as unsettled short sales sit open on the books. This has been alleged to create "**phantom" or "counterfeit" shares**, sometimes going from trade to trade without connection to any physical shares, and **artificially depressing the share price’**”. Shortly after, I read that Matt Taibbi contended the use of naked shorting and counterfeit shares was the tactic used to help kill both Bear Sterns and Lehman Brothers. Taibbi said that the two firms got a "push" into extinction from "a flat-out counterfeiting scheme called naked short-selling". (Source:[ https://www.rollingstone.com/politics/story/30481512/wall\_streets\_naked\_swindle](https://www.rollingstone.com/politics/story/30481512/wall_streets_naked_swindle)) + +All these sources above seem to support the theory that GME stock was wildly naked shorted, which put funds in the risk of being badly short squeezed. If investing on the basis of the extraordinarily high short interest percentage, GME was a prime candidate for a short squeeze to happen -- potentially even an infinite short squeeze. On 1/26 Elon tweeted about Gamestop and that was the day the stock entered the mainstream for a lot of people and retail investors began to really pile on to the stock outside of WSB. The goal of this was to push the stock price up and trigger a short squeeze, the theorized losers would be the funds that naked shorted and would be stuck in the squeeze. + +On 1/28 Thursday when the stock had immense momentum from the moment pre-trading started (the stock shot up to 513 in pre-trading) and it looked like the squeeze was going to happen that day, the momentum was suddenly shut down when Robinhood (where many or potentially majority of retail investors were on) were shut off from the ability to buy GME stock and only allow selling, followed by several other brokers. Many believe this was a result of collusion and that this shut down allowed badly besieged hedge funds to close some positions while the public was shut out of buying (but funds were not.) When this happened people were upset at Robinhood suspecting it was a result of potential collusion between Robinhood and Citadel (which along with Point72 invested a lifeline of 2.5 billion to Melvin Capital, one of the short side funds, and is also responsible for something like 40% of Robinhoods entire revenue by buying their order books), but many also speculated collusion with DTCC itself. Now, personally speaking, its kind of crazy to think about DTCC being complicit in something like this. However, looking into the details of what happened, a skeptical part of me became suspicious. + +Apparently what triggered the shut down on trading GME on that day was DTCC sending a letter at 4 am to Robinhood requiring them to come up with 3 billion dollars ([https://fortune.com/2021/02/02/robinhood-gamestop-restricted-trading-meme-stocks-gme-amc-vlad-tenev-nscc/](https://fortune.com/2021/02/02/robinhood-gamestop-restricted-trading-meme-stocks-gme-amc-vlad-tenev-nscc/)) . So it sounds like it was essentially this DTCC letter that led to the shut down of the momentum on GME and the short squeeze happening. On that day, there were theories thrown out that DTCC was potentially complicit in the naked short selling of GME and intentionally did this to stem the massive blow back/scandal if an infinite short squeeze did happen. Assuming the price of share of the price rocketed to 1000 or beyond (which would be likely in the event of a short squeeze or infinite short squeeze), hedge funds would likely go bankrupt as financially speaking there would be no way they would be able to cover all their shorts, and presumably entities that lent the short side hedge fund the shares to short would be holding the bag. Worse, DTCC would be exposed for being complicit in this entire thing, I imagine it would be an incredible scandal to say the least. + +Then I read something that caught my eye… DTCC has had a history of being at the center and source of naked shorts. From an article dating back to 2007, “Depository Trust & Clearing Corp. is a little-known institution in the nation's stock markets with a seemingly straightforward job: It is the middleman that helps ensure delivery of shares to buyers and money to sellers. About 99% of the time, trades are completed without incident. But about 1% of the shares -- valued at about $2.5 billion on a given a day -- aren't delivered to the buyer within the requisite three days, for one reason or another. **These "failures to deliver" have put DTCC in the middle of a long-running fight over whether unscrupulous investors are driving down hundreds of small companies' share prices**.” (Source: [https://www.wsj.com/articles/SB118359867562957720](https://www.wsj.com/articles/SB118359867562957720)) + +Apparently the DTCC has been known to be allowing or complicit in this action for a very long time. According to Wall Street Journal “**There is no dispute that illegal naked shorting happens. The fight is over how prevalent the problem is -- and the extent to which DTCC is responsible**. Some companies with falling stock prices say it is rampant and blame DTCC as the keepers of the system where it happens. DTCC and others say it isn't widespread enough to be a major concern.” (Source: [https://www.wsj.com/articles/SB118359867562957720](https://www.wsj.com/articles/SB118359867562957720)). + +"It has been alleged in **tens or hundreds of lawsuit**s that the DTCC and its **Prime Broker owners have abused their monopoly position to create numerous techniques that allow for the creation of counterfeit shares through naked shorting** that facilitate stock manipulation by hedge funds. Law suits have been brought against Merrell. Lynch, Goldman Sachs, Morgan Stanley, JP Morgan, UBS, other market makers and also the DTCC. The Prime Brokers and DTCC have fought back ferociously against these lawsuits with great success and **have been largely successful in blocking attempts to gain access to their transaction data bases. The information that they do release is incomplete, self-serving and misleading**. (Source: [https://smithonstocks.com/part-3-in-series-on-illegal-naked-shortings-role-in-stock-manipulation-prime-brokers-and-the-dtcc-have-a-troubling-monopoly-on-clearing-and-settling-stock-trades/](https://smithonstocks.com/part-3-in-series-on-illegal-naked-shortings-role-in-stock-manipulation-prime-brokers-and-the-dtcc-have-a-troubling-monopoly-on-clearing-and-settling-stock-trades/)) + +As a thought experiment, lets say naked shorting is rampant in GME (many many indicators point to this) and lets say DTCC was ultimately responsible for allowing a wide scale naked shorting campaign on GME, wouldn’t it be in their best interest to make sure this doesn’t get out and blow up in their faces? Something to consider. Because had they not done what they did on 1/28 Thursday, many traders believe the squeeze would’ve happened that day. + +From the Wall Street Journal: “The Securities and Exchange Commission has viewed naked shorting as a serious enough matter to have made two separate efforts to restrict the practice. The latest move came last month, when the SEC further tightened the rules regarding when stock has to be delivered after a sale. But **some critics argue the SEC still hasn't done enough**… Some delivery failures linger for weeks or months. Until that failure is resolved, there are effectively additional shares of a company's stock rattling around the trading system in the form of the shares credited to the buyer's account, critics say. **This "phantom stock" can put downward pressure on a company's share price by increasing the supply… Critics contend DTCC has turned a blind eye to the naked-shorting problem.”** (source: [https://www.wsj.com/articles/SB118359867562957720](https://www.wsj.com/articles/SB118359867562957720)) + +From everything I’ve seen, as someone who has been an observer and a participant of this saga starting from 1/26, many things look very fishy and there are a lot of red flags people have documented. I personally hold the following hypothesis: + +* GME shorts engaged in rampant naked shorting which lead to the short interest of the stock being 221% and 150% at various times, and as late as 1/28 reported by S3 to be 122% [https://twitter.com/ihors3/status/1355246955874701314](https://twitter.com/ihors3/status/1355246955874701314) +* GME shorts potentially hid their positions via a loophole of generating synthetic longs ([https://www.reddit.com/r/wallstreetbets/comments/leorks/evidence\_points\_to\_gme\_shorts\_not\_having\_covered/](https://www.reddit.com/r/wallstreetbets/comments/leorks/evidence_points_to_gme_shorts_not_having_covered/)) and using those to “cover” their positions but not truly covering, which is illegal to cover using this particular method, and which has the effect of delaying the short needing to be closed, potentially betting on retail investors to lost interest and price to go back down before they truly close +* As a result of naked shorting a large amount of counterfeit shares are floating in the market leading to there being far more GME shares then the actual float +* The counterfeit shares can/have been used in [aggressive naked short attacks](https://www.reddit.com/r/wallstreetbets/comments/lf4vn3/yes_laddering_is_real_short_ladder_attack_is_just/) to further drive down the price of GME, which may have led to the precipitous price drop starting last Monday and which may have also been aided by if they were able to [artificially cover their shorts using synthetic long shares](https://www.reddit.com/r/wallstreetbets/comments/leorks/evidence_points_to_gme_shorts_not_having_covered) +* Due to the widespread naked shorting that all signs are pointing to, DTCC which has had history of being accused of turning a blind eye to naked shorts, may’ve turned a blind eye to the rampant naked shorting happening in GME +* There was potentially collusion on 1/28 to stop the short squeeze from happening whereby DTCC may be involved and may be implicated had the squeeze happened due to the position of naked shorts, it would have been an unbelievable scandal if exposed. + +With the hearing coming up on February 18th, I highly recommend you email and tweet the representatives involved in the hearing, as well as your own district representatives, and urge them to read into the factors presented in this post and **call the DTCC and Prime Brokers to the hearing**l. **They need to be questioned on why GME has so many counterfeit shares, failed to deliver, their complicity in naked shorting, and investigated for their role in the retail shut down of 1/28.** Below are 4 members of congress I recommend both tweeting and emailing + +Alexandria Ocasio-Cortez [https://twitter.com/AOC](https://twitter.com/AOC), email: [us@ocasiocortez.com](mailto:us@ocasiocortez.com) + +Al Green [https://twitter.com/repalgreen](https://twitter.com/repalgreen), email: [al.green@mail.house.gov](mailto:al.green@mail.house.gov) + +Maxine Waters [https://twitter.com/maxinewaters](https://twitter.com/maxinewaters), email: [maxine.waters@mail.house.gov](mailto:maxine.waters@mail.house.gov) + +Nancy Pelosi Email: [https://twitter.com/SpeakerPelosi](https://twitter.com/SpeakerPelosi) email: [sf.nancy@mail.house.gov](mailto:sf.nancy@mail.house.gov). + +And you can find other members of Financial Services Committee here to reach out to: [https://financialservices.house.gov/about/committee-membership.htm](https://financialservices.house.gov/about/committee-membership.htm) + +**Edit: Matt Taibbi's rolling stone article is highly relevant and good reading on this subject** [**https://www.rollingstone.com/feature/wall-streets-naked-swindle-194908/**](https://www.rollingstone.com/feature/wall-streets-naked-swindle-194908/)**, so many parallels that the signs are hard to miss. Even if you've read it before, recommend reading it again. Shows me that if the hypothesis posed is true, Prime brokers are likely complicit. Prime brokers also happen to own the DTCC.** + +**This brings up another interesting thought experiment: On 1/28 when the price was 450+ and shorts were likely under 100, if we assume prime brokers allowed naked shorting in GME, then when the squeeze was about to happen (or happening), if brokers margin called the shorts, they would presumably also go down because shorts would not be able to pay in that event and the brokers would be holding the bag. By that logic, they have every incentive in this case to NOT to margin call because doing would also taken them down and they would lose a lot of money. Instead the most logical option would probably be to make a backroom deal, which is what I personally think mostly likely happened.** + +Edit 2: A [compelling theory](https://www.reddit.com/r/Wallstreetbetsnew/comments/lglkwv/naked_shorting_in_gme_and_how_the_pieces_suddenly/gmsll2k/) put forth by someone on what the 800 dollar calls were for and how they could be used to cancel out naked shorts includes data/graphs, recommend giving it a read + +Edit 3: If you want to read more in depth about counterfeiting stock this is a good place to start [http://counterfeitingstock.com/CS2.0/CounterfeitingStock.html](https://href.li/?http://counterfeitingstock.com/CS2.0/CounterfeitingStock.html) +Microsoft shares fell 3% in extended trading after the software maker reported fiscal fourth-quarter results that failed to reach Wall Street consensus. + +Here’s how the company did: + +Earnings: $2.23 per share, adjusted, vs. $2.29 per share as expected by analysts, according to Refinitiv. + +Revenue: $51.87 billion, vs. $52.44 billion as expected by analysts, according to Refinitiv. + +During the quarter, Microsoft reduced its quarterly guidance for income and revenue because of changing foreign-exchange rates. CEO Satya Nadella said employees will get pay increases, and the company introduced services to help customers deal with security incidents. + +When management lowered earnings expectations, though, it didn’t factor in other issues that could hurt results. + +Technology industry researcher Gartner said earlier this month that logistical disruptions in the quarter had dragged down PC shipments, a key input for sales of Windows operating system licenses to device makers. Plus, macroeconomic worries that hurt revenue growth for advertising-driven social-media companies Snap and Twitter could rub off on Microsoft. In 2021 the company generated $10 billion in advertising revenue before traffic-acquisition costs. + +Microsoft shares have sold off 25% so far this year, compared with a decline of 17% for the S&P 500 U.S. stock index. + + + +https://www.cnbc.com/2022/07/26/microsoft-msft-earnings-q4-2022.html +*YOU DO NOT NEED A LAMBORGHINI* + +*YOU DO NOT NEED A MANSION* + +*YOU DO NOT NEED 1000 ACRES OF LAND* + +*YOU DO NOT NEED ALL THE USELESS DRUGS IN THE WORLD* + +*YOU DO NOT NEED ALL THE USELESS SEX IN THE WORLD* + +*CONTROL YOUR DESIRE AS IT WILL DESTROY YOU* + +*EVEN IF YOU DO GET THAT 100M DOLLARS WITH YOUR MEASLY 10 SHARES* + +*EVEN IF YOU DO GET THAT 1 BILLION DOLLARS WITH YOUR 1000 SHARES* + +*TAKE THIS TIME TO UNDERSTAND THE POWER OF THE PSYCHE* + +*TAKE THIS TIME TO UNDERSTAND WHAT IT IS THAT IS YOUR WEAKNESS* + +*TAKE THIS TIME TO WEAPONIZE YOUR DREAMS TO UNDERSTAND THE SELF* + +*THERE'S NOTHING WRONG WITH DESIRE* + +*BUT IT IS EASILY PERVERTED* + +*AND IT WILL EASILY DESTROY YOU* + +*SUSTENANCE, LUXURY, AND INEBRIATION IS NOT ALL THERE IS TO LIFE* + +\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~ + +>YOU ARE HAPPY BECAUSE YOU KNOW YOURSELF +> +>YOU ARE HAPPY BECAUSE YOU KNOW STRUGGLE +> +>YOU ARE HAPPY BECAUSE YOU HAVE SUFFERED + +\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~ + +*BUT EVERYTHING YOU HAVE EVER GONE THROUGH MEANS NOTHING...* + +*IF YOU BECOME SUPERFICIAL AND LIVE FOR MATERIALISM* + +*IT HAPPENS IN AN INSTANCE AND YOU WILL BE FOREVER DESTROYED* + +*BECAUSE YOU DID NOT TAKE A FULL INVENTORY OF YOURSELF BEFORE YOU ARRIVED* + +\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~ + +**SO I ASK YOU ONE LAST THING BEFORE YOU DIAMOND HANDS TO MILLIONS OR BILLIONS...** + +\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~ + +*DO YOU KNOW YOURSELF?* + +*DO YOU KNOW WHAT YOU WILL DO FOR THE WORLD?* + +*OR WILL YOU DO NOTHING BUT SPEND MONEY ON GARBAGE...* + +*AND DESTROY YOUR SOUL IN THE PROCESS?* + +*YOU WILL END UP JUST LIKE THE MEN YOU HATE IF YOU DON'T HARNESS SELF DISCIPLINE* + +\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~ + +**GOOD LUCK APES CAUSE SHIT IS ABOUT TO GET REAL** + +**AND LASTLY YOU'VE SEEN THE TWO WORDS FAKE SQUEEZE A THOUSAND TIMES** + +**CAUSE THEY'RE ABOUT TO FUCK WITH YOU** + +**WE WILL NOW SEE THE TRUE DIAMOND HANDS** + +.... + +# BE CONTENT WITH NOTHING... + +# AND WHEN YOU HAVE EVERYTHING??? + +# RULE YOURSELF WITH AN IRON FIST +[https://www.cnbc.com/2022/08/25/stock-market-futures-open-to-close-news.html](https://www.cnbc.com/2022/08/25/stock-market-futures-open-to-close-news.html) + +Here the most important remarks Powell just made at Jackson Hole. Hope this helps. + +In his speech Powell mentioned **that 75 basis points remains an option for the FOMC september meeting. This is higher than the anticipated 50 bps.** + +Overall Fed will keep raising untill inflation is under control and referred to historic times where this failed. + +Powell also indicated **Fed will keep rates high in the longterm** to counter speculation Fed would start cutting in 2023. + +He also indicated raising rates will hurt economy and households "to some extend". + +Seems Fed doesn't want to repeat mistakes of the past and remain hawkish **so not so good news for the stock and bond market.** +Hi! I (27M) have a succesful video company and have been doing close to $200,000 year over year. My family and i live on about $50,000 and we save 60% of all income. (The rest goes to taxes, etc). As someone who is very interested in using this money to make more money, what are the best tips to use this money to grow my wealth? Should I just continue to save and keep it in my savings account, should I invest in a real estate market, any input would help! +I initiated a rollover of my 401k account from an old employer to my current self managed IRA accounts. ADP sent me two checks, one with Roth contributions and the other with Traditional contributions. On Dec 14, I brought the checks to a different branch than I usually go to due to my local one having no bankers available due to Covid. + +The banker at the branch filled out transfer forms for both checks. One was to go to my Roth IRA and the other to my Traditional IRA. I have copies of the transfer forms (with correct account numbers) and copies of the deposit receipts (with the correct last 4 of the account numbers). However, only the Roth funds were deposited. + +I've tried calling the branch but they tell me all their bankers are busy and that they will call back when they can, but they never do. If they put me on hold, I get disconnected within a couple minutes. And if I try calling back, they won't answer. + +I've called other nearby branches to explain the situation and they've been friendly and somewhat helpful, but they told me they contacted the branch and couldn't get an answer for what happened. Their best guess was that a teller typed in a wrong number when making the deposit, and that I'd have to contact them to figure out how to fix it. I've called Chase customer service and they told me the same thing and that they see no pending transactions for the account the money was supposed to go to. My 401k account is zeroed out though. + +The problem branch is 40 minutes and a toll bridge away. I'm working 7 days week, so I would also need to take time off and lose money to go. Its just a headache and the lack of transparency makes me think I would waste my time by showing up. + +Who do I complain to for the quickest turnaround? Chase corporate? FDIC? +Hi - I just received an inheritance - I think once everything gets processed it will total out to about $50k. + +Tbh the whole thing makes me sad - my mom passed, I don’t really want to think about the money and don’t need it right now. My partner and I are passively looking into buying a rental property, but only if something feels right. + +My retirement is scary to look at over the last year but I know it will bounce back. + +I was thinking of just finding a high yield savings account (3%) and letting it chill there until we know what we want to do or I have the energy/space to more strategically invest it. I know that that rate doesn’t keep up w inflation. + +I would like to work w a financial advisor eventually but tbh am very traumatized over the loss of my mom and handling this cash is upsetting to me. I need some time before I can be assertive about this. I haven’t even done my taxes for the last two years given what a shit show everything has been. My partner and I are very lucky and all of our financial needs are met. I have about 20k in savings and some credit card debt (my savings got eaten up with costs for caring for my mom, probably about 10k). + +Also, you know, I acknowledge that it’s like gross to complain about inheriting money when so many are robbed of basic comforts. Just need to say that. + +* Just want to say thanks so much to everyone for their informative, helpful responses and compassion. This whole thing has been overwhelming and I feel very cared for and supported about something I have had a lot of anxiety about - thank you ❤️❤️❤️ +My husband is 17 years older than I am and halfway through his career. I’m 26 and just starting out. Right now he is the only one working and supporting the family and I’m staying home with baby. + +Our long term plan is for me to stay home for a few more years and go back to work when baby goes to school, in about five years. Husband plans on retiring in 15-20 years while I continue working for 10 more years after that. + +So in planning what we need for retirement, should we look at it as separate retirements? Or do we continue to contribute until we are both done working and live on my income until I retire? Does it make sense to contribute to our separate IRA’s or should we have a joint one? And ideally we max both of them out but should we contribute to them equally or should we max his out first half of the year and then work on mine? Should we plan on touching that money during his retirement or holding off as long as we can? +My husband is 17 years older than I am and halfway through his career. I’m 26 and just starting out. Right now he is the only one working and supporting the family and I’m staying home with baby. + +Our long term plan is for me to stay home for a few more years and go back to work when baby goes to school, in about five years. Husband plans on retiring in 15-20 years while I continue working for 10 more years after that. + +So in planning what we need for retirement, should we look at it as separate retirements? Or do we continue to contribute until we are both done working and live on my income until I retire? Does it make sense to contribute to our separate IRA’s or should we have a joint one? And ideally we max both of them out but should we contribute to them equally or should we max his out first half of the year and then work on mine? Should we plan on touching that money during his retirement or holding off as long as we can? +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! + +Baillie Gifford has launched a UK OEIC Health Innovation fund, with a portfolio comprised of 35 listed mid-size high-growth companies in the fields of pioneering therapies, diagnostics and digital technology. + +Source: https://www.investmentweek.co.uk/news/4025103/baillie-gifford-targets-healthcare-companies-oeic + +These guys have an outstanding record. Almost everything they touch turn to gold. I might Dump my Legal and general healthcare index fund and replace with this fund . + + +What do you guys think ? +I see great financial opportunity in having a few section 8 rentals, but I am mostly interested in learning strategies while at the same time being an ethical investor. + +Any tips or good reads? +I feel like we get lots of 24 year old millionaires and/or DINK couples making $400k a year posting here or on the flip side people somehow living on $8,000 a year who subsist on rice and beans so I thought I'd post my story as somebody who's got kids, lives in a HCOL area, is far from rich but is still planning to FIRE long before your average person. + + +* I have three kids. Two in college, one in high school. All currently live at home. I pay for everything but cars and related insurance/gas. All three have jobs and are good savers. +* My average annual income since I got my first job in 1991 is $66,347. +* I have been laid off twice in the last five years and had 6+ months of unemployment both times. +* My wife stayed home with the kids and has never had meaningful income. She recently entered the workforce and currently makes roughly $10,000 a year. +* I live/work in a HCOL area (201 on the COL index) +* I currently make $110,000 a year with bonus potential. +* My liquid net worth (Savings, IRA, ROTH, Stocks) a little over $400,000 +* I have a roughly $350,000 equity in my house with ~10 years left on the mortgage. +* I'm currently saving roughly $30,000 a year and am planning to gradually increase that. + +I intend to sell the house and move to a LCOL area and semi-retire in ~10 years at age 52 with roughly 1.7 million saved. + +Random thought, not a question as such but I'm keen to see if people have seen similar: + +Given my age I'm starting to see more and more people buy houses, which always come with the standard Instagram photo.. usually with the comment "first investment property!", "We bought a house"... "So proud of me" (you get the idea), which is usually met with a flurry of congratulatory comments. + +At the same time though, if one were to post a picture of their Sharesight portfolio with the caption "just hit $200K", people would probably say it's unsavoury or gloating. + +Why do you think this is? I'm fairly private on social media so I wouldn't share any details about any sort of investment, so I don't understand any of the oversharing, but it seems like one big double standard to me! +I'm afraid I am going to get stuck with my income/debt ratio and not be able to progress forward. I know it's coming, and I want to prepare myself. + +Looking for advice on what you did to continue purchasing rental properties. + +Current situation: +Ontario, Canada +Working a salary job 80-100k +Have a side hustle that brings in 20-40k +Living at home. Bills are $1500/month + +Own: +Townhouse - refinanced 2020 to purchase the duplex +Duplex - Refinanced early 2022 to purchase the fourplex +Fourplex - purchased in september. Doing some upgrades to potentially refinance 60-100k for the next purchase. + +After expenses I'm bringing in about $2000/month in cashflow. Between this and my personal income, most cash is getting dumped into the duplex as I am converting the basement to a 1 bedroom unit which will bring in another $1200/month. + +All my mortgages are with the same big bank. My mortgage broker is saying I may be able to purchase only one property more with my current salary. Only way after that is to increase my salary significantly, which is not an option. + +Any advice is appreciated. +Hi - looking for recommendations for blogs/podcast and other content that are suitable for the fatFIRE community. + +Most personal finance content put there is catering to a lower NW audience and repeating the same mantras over and over again. + +But there are a few exceptions that have plenty of interesting/applicable content and good research behind them. For example: https://ofdollarsanddata.com/ + +Any other recommendations along the same lines? + +Thanks + +Edit: Great suggestions, please keep them coming. Much appreciated! +I currently make $34 an hour, with a 20-25 minute commute to work one way. I have been offered a position for $42.11 an hour, with a 45-50 minute commute one way. The longer commute is pretty much getting on a highway and it’s a straight shot driving through farmland and getting to the other city that has the new job location, so no stop and go traffic that I believe, shouldn’t be present. I did the math and it should be a little above $800 a month more take home for the higher paying job. I just have never driven that far for work before. Any thoughts? +Would a mutual fund be the best way to go? I'm kind of nervous because the stock market seems disconnected from the economy. I have a feeling it's going to retest the 2020 lows and possibly go lower depending on a number of problems in our economy. What should I do? + + +We want to make an offer on a house (first time buyers), the advice I've gleaned from Reddit and from our conveyancer is that we should make the offer subject to building and pest inspection done to our satisfaction (rather than just conditional on a building inspection) otherwise our only way to back out if anything is found is if the inspector grades it as a major issue. The REA has flat out refused our attempt to get this condition added to the contract. + +I'm confused as to why so many people suggested it and my conveyancer also suggested it but the REA acted like it was a completely unreasonable request. The REA has been pretty good to deal with otherwise and I guess they might just be acting on direction of the vendor (which is maybe a red flag). + +For others who've done this, did you get the same push back and did you just have to hold firm? We really like the property but are willing to walk away if we don't feel confident about the condition of the house. + +Thanks for any tips from anyone who has any experience with this :) + +Edit to add: we're in Melbourne, looking to buy in inner west +Short interest of GME = 3,000% - 10,000% with float in the billions. + +https://www.reddit.com/r/Superstonk/comments/npi3s7/thesis_si_is_between_3000_10000_assuming_30m/ + +Short interest of GME is 6000% with float at about 4.62 billion shares. + +https://www.reddit.com/r/Superstonk/comments/pfck0g/short_shorter_ep_4_about_a_month_ago_i_used_the/ +I've been getting in to day trading for the past 4-5 weeks, learning all of the terms and trying to find a strategy and actually developing a decent scalping strategy however, the past few days while trading on the S&P 500 mini futures I was making some awesome gains from the bullish breakouts and so I kept on trucking and leaving trades overnight expecting the market to just do what I wanted. Today that changed. I woke up this morning so far in the hole it felt like my balls were cut off and fed to my mouth. +Now looking back, I realize alot of things were looking like they were going to explode and I wasn't going by my working strategy. This is definitely a learning experience. I still have a full time job and I didn't bet the farm or anything but it is a horrible feeling knowing that you didn't follow your own rules and it bites you in the ass. + +Hoping just to keep learning and seeing growth in my trading experience, ive always kinda known this was going to happen but never thought it would be so soon lol. + +Edit* My strategy typically is scalping but due to my inexperience I held overnight because it looked like a nice gain and woke up to my doom. I am not a swing trader, scalping has been very successful for me up to this point and I plan to continue to do it. Sorry for any confusion in post. +This is going to sound biased because I am a nurse and money shouldn’t be the only reason for joining one of these fields. The main reason why I am stating this is because I think a large majority of people think becoming a MD is a good financial route. + +It takes 4 years to receive a Bachelors in Nursing and you can start working full time at the age of 21-22 if you started right after highschool. Nursing school will put the average individual 20-40K in debt. An average RN will make 50-60K a year starting. In my case, I will easily make 100K my first year because of overtime (50 hour weeks) and union pay. Their is a nurse at my hospital who works 80 hour weeks working nights and cleared 300K this past year. Let’s just assume that a nurse averages 65K for 8 years. That’s slightly over 500K at age 30 while an MD has barely started making money yet and is still in crazy debt. Many RNs have access to unlimited overtime so it wouldn’t be too challenging to gross 1M in 8-10 years. + + It takes 4 years of undergrad and 4 years of med school to just get your MD license. The average med student will graduate 300K in debt. You then start your residency which is on average 4 years unless you are going into a specialty which will be 6-7 years. For those 4-7 years you are making 50K a year working 60-80 hour work weeks. This number is from the residents who I have spoken to at my hospital. After finishing residency, you will become an attending physician. Internal Medicine MDs will make about 220K starting and Specialty MDs will make around 300-400K. MD don’t start making real money till the age of 29-33 if starting right after highschool. + +An MD will also miss 8 years of being in the market meanwhile an RN will be in the market the whole time. Lastly, an RN can become a CRNA (certified registered nurse anesthetist) in 2-3 years of schooling and 2 years of experience. A CRNA can easily clear 200K a year starting. One can easily make the argument that an RN is a better FIRE approach than an MD. In my case, I should easily be able to FIRE by age 45-50 since starting working at the age of 22. + + +EDIT: This blew up. My view has been changed. I think my argument lies more in that nursing CAN definitely be a better FI route in some circumstances (mine for example). From someone coming from a family where I would have had to take on 300K in debt to do med school it wouldn’t make sense. States such as CA or NY where nurses start at $40-$50 before OT can be more profitable in the long term. Obviously, ones reasons for joining healthcare should be far more important than money. I enjoy my job and wouldn’t change what I decided to do with my education/career. + + +EDIT 2: I also think it depends on someone’s definition of FI is. If 1M-2M is your goal, a RN will achieve that quicker in average if starting directly out of college. If 5-10M is your goal, hands down an MD would win no matter what. + +EDIT 3: I think this title should read that nurses become FI quicker than doctors. That seems to be more accurate + + +Early in 2016, Warren Buffett started purchasing Apple shares through $BRK at about \~$25 per share, adjusted for the stock split. + +&#x200B; + +* Over the past six years, Berkshire Hathaway has increased their stake in Apple +* As of 2022, they own slightly over 5% of the total shares outstanding +* Their investment in Apple is now worth approximately $120 billion and represents 41% of their public holdings +* Warren Buffett even bought more shares in Q1 of this year + +Let's break down the 30% CARG: + +&#x200B; + +Warren bought it for a 14 PE. Currently, it is 22 = 1.60x multiple expansion. + +Earnings growth of \~14% over the period drove a 2.2x return since the original investment. + +Shares outstanding went from 22bil to 16bil overall reduction of \~ 27% = 1.40x + +1.60 \* 2.20 \* 1.40 = 5x total return or 30% CARG + +NOTE: Dividends are not included in the calculation +Hi everyone. One of my favourite investors is Seth Klarman and I've recently been trying to transition more of my portfolio to Value. Going through his last reported holding I noted that MU was in his top 10 and is also the Largest holding of Mohnish Pabrai. They both bought in the mid 80s and the stock is now trading in the low 70s. + +There has already been some discussion on the company on the sub recently but I wanted to ask what you guys think these 2 investors (in particularly a strict value one like Seth) see in the company to buy in the 80s. I would assume that both will have averaged down during this dip. + +Thanks +Edit: Original post - https://www.reddit.com/r/AusFinance/comments/agfp1x/i_made_a_terrible_mistake_in_buying_a_plot_and_i/ + +Many of you from here PMed me to know an update on this. + +Thanks for asking and I found it amusing the top comment on https://www.reddit.com/r/AusFinance/comments/ankt6l/melbourne_house_and_land_defaults_at_25/ was about me. + +So here you go - + +My friends and I have decided to forfeit the deposit. It's too much of a risk to go ahead with this and if we can't find a buyer, the construction would drain us of all our money. I was going to post an ad to see if anyone would be interested to pay 6K deposit (vs 36K) so we'd each atleast get 2k of our original deposit. But we received a letter from the developer last night for settlement not after Feb. So I don't think this plan is going to work. + +The sad thing is my friends have bought another plot with one of their friend (same arrangement as me) that they are going to settle. I've explained the risks to my friends but they are going to go ahead anyways. But it's none of my concern anyways. They are rich and I don't think this would hurt them. + +The big problem I have now is I'm fearful of investing. I haven't told you all before but I lost 7K last year on bitcoins. My wife doesn't trust me with money anymore and she's not convinced of ETFs too. So I don't know what to do with my money other than to keep it in a HISA. + +It's funny I decided to shell out 7k last year to my friend to invest in WANCHAIN even without knowing what a bitcoin is or what the hell that I'm supposed to do with that. I convinced my aunt (7K) and uncle (3K) to invest along me and invest they did. Good thing is atleast they are not mad at me for losing all their money but blame themselves for their greediness. My friend losing all his 10K doesn't comfort me though. + +I write in length because normally people write success stories but they don't tell in what and how they failed. I tell my friends about my greediness and stupidity so they don't lose money like me. + +Happy to answer if you got any more questions. + +Happy investing and thanks again for your helpful comments. +I'm still fairly new to algotrading and have been pursuing the idea of having multiple programs running simulataneously shaving a few cents off multiple crypto trades an hour, rather than larger buy ins that can take an entire 1-2 days to find an appropriate buy signal. I prefer the faster paced trading and not having to worry all day if my program missed a good opportunity that could take days to find again. + +However, from backtesting and live trading for the last week, I'm realizing how big of an uphill battle it is to consistently beat the Binance .1% trading fee, and about a .2% bid/ask spread, thats a -0.4% difference I have to make up just to turn a quick profit. + +I still thought .4% could be an easy target to make multiple times an hour, and while the price does fluctuate 1% or more most hours, finding reasonable buy signals to get a 0.4% or greater gain is much rarer than I hoped. + +So far I've tried RSI, Bollanger Bands, EMAs and of course mixing and matching the 3. However, backtesting over several months, any winning strategy seems to trade at most 1-2 times a day. It seems the microtrends don't give reliable enough signals, so I'm forced to look for bigger/longer trends. The bigger trends also make the transaction costs less and less significant. + +The one system I'm having some success with is using divergence from a 99 minute ema. If it gets below a certain threshold (\~.995%, but varies between cryptos and 24 hour trend) and and is moving upwards, the program will buy, and then sell when price starts moving downwards is above .3% of the Bought price. If price falls below 1-2% below Bought Price, program bails at a loss. + +So this requires about 4 good trades to 1 bad. This performs well in backtesting, if the divergence thresholds are dialed in to the volatility of the crypto (e.g. algo trades in .001 units, so it jumps a bit more) + +Wasn't sure if others have had success with fractions of a percent profits, and if so, what signals can pick up on these tiny microtrends multiple times an hour and get a solid win rate ? I'm thinking I'm fighting a losing battle at this point. + +&#x200B; + +\*Just an update, woke up this morning with the 5 scripts going from up 20$, to down 40$ so took them all off line and replaced it with just 1 script trading ETH using slower moving moving averages for stronger signals. + +More or less its looking for ema6hour to cross ema2day + +Its a lot more boring, but back testing showed better consistent performance so hopefully this will be an improvement. +He's asking for the check back now that he has back out of the sale, but I've told him since he's committed to buying, I've taken down the ad and denied multiple sales requests. Is it okay for me to keep the $100 check he's given me? or am I legally obligated to give it back? + +Edit: I turned 4 potential sales away and took the ad down. The only reason he changed his mind is because he originally thought it would tow his boat but now he thinks it will not. +Last year I enlisted the help of a financial advisor who works on behalf a large wealth management company to invest some money for me. + +I transferred £20k for 19-20 tax year in March, and a further £20k early April in order to utilise my allowance. + +We discussed the potential returns as the stock market was down due to COVID. I said I want to invest it all in medium to high risk investments, in order to maximise my potential returns. Unfortunately my financial advisor appears to be having a few issues in his private life, I have received a few letters informing me of this and saying he will be in touch shortly to catch up regarding the investments, I’ve finally got hold of him and wondering what to say as I have received the annual statement and only the first payment was invested as we agreed, but the second is in the account as “cash”. The initial money that has been invested in up 25%, whereas the cash has remained the same as my initial payment. + +This is not what we agreed and paid a 5% set up fee for, not to mention the £500 annual fee. + +I feel like I have not received the service I was sold. My initial payment has increased by 25% so I would expect the same considering there was only 1-2 weeks between the two payments. + +I just wondered where I stand, does this count an “mis-selling” as I have not received the service I paid for? I am due to speak to the financial advisor this week, they may have a good reason as to why they have done this, but I have my doubts. + +Any help or information on how to go about structuring my complaint would be greatly appreciated. +**TL:DR - We have evidence that MSM were provided with information as pertaining to the DTCC committing international securities fraud, but news outlets (like the BBC, who are publicly funded) still haven't reported this as news. Third party investors and corporate ownership could potentially be the reason why. Also Bill Gate's name pops up.** + +**EDIT**: If you liked this, the "FINKLE IS EINHORN DD" explores many of the topics covered in this post in **magnificent** detail, go give it a read: [https://www.reddit.com/r/Superstonk/comments/owpfc3/will\_the\_real\_gme\_bbemg\_please\_stand\_up\_part\_1/](https://www.reddit.com/r/Superstonk/comments/owpfc3/will_the_real_gme_bbemg_please_stand_up_part_1/) + +................................................................ + +So about a month ago, I uploaded this post: + +https://preview.redd.it/6r0lychw1jl91.png?width=1104&format=png&auto=webp&s=c713d564bfe7634378195e9e4a0c46148497910a + +\[[source](https://www.reddit.com/r/Superstonk/comments/whkrz2/the_dtcc_has_committed_international_securities/?utm_source=share&utm_medium=web2x&context=3)\] + +In which outlined, in an informative but easily digestible manner to respective journalists worldwide, how the **DTCC committed international securities fraud** in July 2022, and within that letter, evidence to support said findings. + +As a result of this sharing this post - many, many apes distributed this to various MSM news outlets **all** **over the world** and yet, despite having gained over 1.2m views and 1.1k shares - not a single word has been uttered on this subject any media outlet within a whole month. + +Seriously. Nada. + +To add insult to injury, it seems that the news outlets are literally finding anything else to report on than the actual news. Go figure. + +[Classic FOX news.](https://preview.redd.it/mm200eiw1fl91.jpg?width=640&format=pjpg&auto=webp&s=fad12c099988d25747945aed9b6e17378e037fe2) + +So what's the deal with that? + +Well. + +In an attempt to address that question, I thought it would be best to start looking into those who own the media outlets and explore this as a possible reason for the radio silence on this subject. + +# Corporation Media News - Here's Looking at You, Kid. + +**Let's start with Forbes.** + +I recently became increasingly aware of Forbes when this post hit the front page: + +"**🚨SEC looking at DTCC?🚨On Aug 23rd, SEC proposed a new rule titled “Clearing Agency Governance and Conflicts of Interest” which SEEMS to overhaul conflicts mitigation rules for SROs like DTCC in a GOOD way."** \[[source](https://www.reddit.com/r/Superstonk/comments/wxyzlv/comment/ilugcvr/?context=3)\] + +Good news, right? + +Funnily enough, at the same time, Forbes released this article: + +https://preview.redd.it/mwu95ch59fl91.jpg?width=640&format=pjpg&auto=webp&s=4555ba250353e4508141c4cb281e7ced3a9a2d60 + +\[[source](https://www.reddit.com/r/Superstonk/comments/wxhbtf/so_the_media_is_turning_on_gary_gensler_is_he/?utm_source=share&utm_medium=web2x&context=3)\] + +Fun fact - this article has since been *deleted*.... I'll let you draw your own conclusions as to why. But then it reminded me of some of the other 'hit' pieces that Forbes have also published in recent weeks: + +https://preview.redd.it/zm0vbsvfjfl91.png?width=1046&format=png&auto=webp&s=9b5cf256eb9ca45c209be90b489f4a8891a93bad + +[source](https://www.forbes.com/sites/paultassi/2022/07/12/gamestops-nft-marketplace-is-here-and-it-is-bleak/?sh=639bc8bd7ab4) \- Jul 12, 2022 + +[source](https://www.forbes.com/sites/jonmarkman/2022/07/11/why-its-finally-game-over-for-gamestop/?sh=461b75165a50) \- Jul 11, 2022 + +Now why would **Forbes** consistently have such disparaging things to say about our beloved company and stock? Hmmm. + +I'm sure it has absolutely *nothing* to do with this: **Forbes is owned by Integrated Whale Media Investments.** + +Oh and would you look at that: + +[ I wonder why Chinese owned US news source is calling for Gary Gensler to resign...](https://preview.redd.it/o9djq26mafl91.png?width=1670&format=png&auto=webp&s=0f3844abf95caa4fd469a437a7607dd53ceec881) + +Now this post isn't dedicated to the financial pickle that China are currently in, but if you're looking to learn more about that subject - feel free to check out these two videos: [\[1\]](https://www.reddit.com/r/Superstonk/comments/v0sh7k/to_better_understanding_the_scale_of_evergrandes/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) [\[2\]](https://youtu.be/YBBnQmRcRI4) but it does make you wonder, are Integrated Whale Media Investments in trouble? + +Even The Washington Post is voicing their suspicions - **"Chinese ownership \[of Forbes\] is raising questions about the editorial independence of a major U.S. magazine"** \[[source](https://www.washingtonpost.com/news/democracy-post/wp/2017/12/14/chinese-ownership-is-raising-questions-about-the-editorial-independence-of-a-major-u-s-magazine/)\] + +Now I hear you barking big dog. Pretty rich for the The Washington Post to be calling out any other media platform, and why is that you ask? + +Guess who owns The Washington Post? I'll give you a clue. He's a big inspiration for articles like this: + +[Try not to throw up in your mouth when getting through this one. ](https://preview.redd.it/ezfanzy6cfl91.png?width=1396&format=png&auto=webp&s=62f90c9977d283cb0d6dd5155112b6c3697b50e8) + +\[[source](https://www.washingtonpost.com/opinions/2021/07/13/billionaires-space-race-benefits-rest-us-really/)\] + +No it's not Richard Branson, but.... drum roll please... + +# JEFF BEZOS! + +[He really went for the whole space cowboy thing, didn't he?](https://preview.redd.it/lk4e2pafcfl91.jpg?width=1200&format=pjpg&auto=webp&s=433b0d76f1d75defa65c95db8b1fcf80b2aa6a34) + +And ya know, since he's owned the publication *(purchased in 2013 for $250 million)*, The Washington Post has been pumping out totally objective articles - just like these! + +[I still can't believe they published this.](https://preview.redd.it/rd5walz3dfl91.png?width=1242&format=png&auto=webp&s=bccd6d1cb8af52c3f64ed59dd7fffaac321fc918) + +\[[source](https://www.washingtonpost.com/opinions/2021/01/30/good-guys-gamestop-story-its-hedge-funds-short-sellers/)\] + +Yikes. + +But there's more! Even Kenny has a slice of the action. Oh, you know Kenneth Griffin - he's an American hedge fund manager and the founder, chief executive officer, co-chief investment officer, and 80% owner of Citadel LLC, a multinational hedge fund. He also **perjured himself during a US House of Representatives Financial Committee hearing whilst under oath.** + +You can read more about that here: + +[http://www.kengriffinlied.org/](http://www.kengriffinlied.org/) + +[https://www.kengriffinlies.com/ken-griffin-lied-under-oath-perjury-claim/](https://www.kengriffinlies.com/ken-griffin-lied-under-oath-perjury-claim/) + +But Kenny doesn't want you talking about that. And what's a sure fire way to ensure that the information getting out about you is properly managed? Well, I'm no expert on the matter but I should imagine owning a rather lot of shares in NewsCorp would certainly help: + +&#x200B; + +https://preview.redd.it/9qnxai2l2jl91.jpg?width=611&format=pjpg&auto=webp&s=e1485ef2a8ebdbd21596089f0447c6f562b22028 + +\[[source](https://www.reddit.com/r/Superstonk/comments/ry7uzm/one_guy_owns_all_of_the_top_news_companies_i_mean/)\] + +And what does Newsgroup cover I hear you ask. Well, it's a lot. Here's just a sample few: + +[Find out more here - https:\/\/newscorp.com\/ ](https://preview.redd.it/q0816g5defl91.png?width=2578&format=png&auto=webp&s=3a6c98f8fbeaa574a9e9ec691ec5e87f47b4d721) + +Oh look, Marketwatch! That's a familiar name around these parts, isn't it? + +This is just the tip of the iceberg, and if any apes want to explore further down this rabbit hole of discovery - well, to start you on your journey, here are a bunch of other billionaires who own media publishers: [https://www.investopedia.com/billionaires-who-bought-publishers-5270187](https://www.investopedia.com/billionaires-who-bought-publishers-5270187) + +................................................................ + +**SUMMARY PART ONE - Seems that quite a number of news corporations around the world are either owned or invested heavily by some big name players, including Jeff Bezos and Kenneth Griffin.** + +................................................................ + +But I digress - weren't we talking about **the DTCC committing international securities fraud?** + +Seemingly this should be front page news spreading like wildfire throughout the financial world - and seemingly the corporate elite have no desire to inform the public of this, despite having already been provided evidence that the DTC are unable to perform their duty as custodians of the shares they manage. + +So who do we turn to to **represent the people**? + +Perhaps the publicly funded news outlets can help us, I mean - they are paid by the tax payers, so they should be unbiased in the news they provide to the people, right? + +# BBC, come on down! + +So let's go back to the letter that started all this - [here](https://www.reddit.com/r/Superstonk/comments/whkrz2/the_dtcc_has_committed_international_securities/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) ^(()*^(please consider reading and sharing if you haven't already)**\*\*\*\*\*\*\*\*)* + +Now the really fun part of sharing information like this is that due to the valiant efforts of apes everywhere, outlets can no longer reasonably deny that they were unaware of these facts before - well, everything starts falling in on itself. + +And thankfully, we have evidence of exactly this. Apes keep receipts: + +https://preview.redd.it/66ysk17ilfl91.png?width=650&format=png&auto=webp&s=8a11633d617f46cdbafbe7c2b72eee710a3ada85 + +\[[source](https://www.reddit.com/r/Superstonk/comments/whupfa/we_cant_let_them_plug_their_ears/?utm_source=share&utm_medium=web2x&context=3)\] \[[source](https://www.reddit.com/r/Superstonk/comments/whonr3/im_doing_my_part/?utm_source=share&utm_medium=web2x&context=3)\] + +So being that 'plausible deniability' is no longer an option for corporations, like the BBC here, there is now an onus (particularly with publicly funded ones) for these corporations to act within necessary media, ethics and regulation laws to fulfil certain social and moral obligations as are indebted to their public. + +***\*\*And I encourage everyone here on reddit to share their sent correspondence so it’s recorded as evidence forever on*** u/Elegant-Remote6667 ***'s magnificent site:*** [***https://www.apehistorian.com/***](https://www.apehistorian.com/) + +Now this hasn't been the first time I have reached out to the MSM in regards to one of their pieces. If you remember, this [letter](https://www.reddit.com/r/Superstonk/comments/wfz1aw/the_bbc_referred_to_gamestop_as_a_meme_stock_so_i/) was previously sent to the BBC in regard to their coverage of the AMTD Digital\*\* spike in which they referred to GameStop as a **‘’meme stock’.** + +*\*\*In case you've forgotten, it's where some unknown ticker became the 25th Largest Company in the world – larger than Pfizer, Coca Cola, Bank of America, Shell or McDonalds - in the space of about 2 weeks. Crazy, huh?* + +Again, it would surprise no one to tell you that not only did I **not** receive a reply but my email account was locked out supposedly due to sending a correspondence that was flagged as 'spam' (and that went against my service providers T&C's) which only leads me to believe there was more than one of us that sent that same letter (again, well done guys - keep applying the pressure). + +So focusing on the role of the BBC, being that I'm a British ape, the BBC's a **publicly funded company** and it's referred to as a 'trusted' source in our country, I'm hoping to delve a little deeper into whether this is an accurate portrayal of how this news outlet performs and invite you to critically assess the role of the MSM in your own respective countries. + +First check out some of those social and moral obligations I mentioned earlier, in the BBC's self declared mission, values and public purpose statement: + +[All readable here! https:\/\/www.bbc.com\/aboutthebbc\/governance\/mission ](https://preview.redd.it/vt684zcjqfl91.png?width=702&format=png&auto=webp&s=309da0771ef928789b2236c8a937dfdb9f78ba0f) + +So taking this on board, as the BBC strives to convey this image to the public in which they uphold the value of journalistic integrity **very seriously,** and quite rightly so, we must apply this when we consider the scope of what the BBC have already done to cover the GME saga thus far. + +I mean, it must be somewhat news worthy - especially as it seems [Blackrock](https://www.reddit.com/r/Superstonk/comments/x3jox4/who_needs_college_when_wikipedia_is_free_netflix/?utm_source=share&utm_medium=web2x&context=3) have commissioned a movie that's going to be broadcasted on [Netflix](https://www.reddit.com/r/Superstonk/comments/wwm1cv/coming_to_netflix_on_september_28_eat_the_rich/?utm_source=share&utm_medium=web2x&context=3) before the end of this month, and there's a [second one](https://www.reddit.com/r/Superstonk/comments/x3gkxv/looks_like_one_of_yall_has_been_cast_as_pete/?utm_source=share&utm_medium=web2x&context=3) in the works. + +So must be worthy of at least some coverage, eh? + +[Seems there's room for improvement here.](https://preview.redd.it/20719a2fjgl91.png?width=716&format=png&auto=webp&s=491d77477bdc7797229a8df251899c60b16b8ac1) + +But alas, nothing really hard hitting. It loosely skirts around the edges of *some* subject topics (seemingly negative at times) without saying anything definitive or ground breaking. You'd think they'd be biting your hand off to report on something as big as the **DTCC committing international securities fraud** but instead, after scrolling through a few articles - the reporting is mostly reflective of a desire to sit comfortably on the fence, but that's just one person's opinion. + +But rather than get bogged down with a few lacklustre articles discussing our beloved company, let's focus on the facts. Why aren't the BBC reporting that the **DTCC committed international securities fraud**? Again, you can read the letter [here](https://www.reddit.com/r/Superstonk/comments/whkrz2/the_dtcc_has_committed_international_securities/). + +And we certainly can’t pretend that the MSM don’t spend every waking moment trawling through this forum. Just look at how CNBC created a dedicated news segment to "justify" themselves after Reddit's response to cutting off their guests immediately for mentioning “shorts covering” [here](https://www.reddit.com/r/Superstonk/comments/x1qgr9/its_glorious_cnbc_feeling_the_need_to_explain/?utm_source=share&utm_medium=web2x&context=3) + +We see you, hello CNBC 👋 + +But we're not here to talk about them, I'm here to talk about the BBC and recently, the BBC had a change in News CEO (her background previously in the states), so we welcome to the floor - Deborah Turness. + +[So this is the woman in charge. Always nice to have a face to the name. ](https://preview.redd.it/3tzpxptf3jl91.png?width=1172&format=png&auto=webp&s=3fba0df82f1d05941a5a8ecdd230756f04c419b2) + +To quote [this](https://www.bbc.co.uk/news/entertainment-arts-59895030) BBC News article directly, Tim Davie, the BBC's director-general, said this about Turness: + +"She is a **passionate advocate for the power of impartial journalism** and a great believer in the BBC and the role we play, **in the UK and globally**. She will do a brilliant job of leading our news and current affairs **as we deliver on the BBC's public service mission in the digital age**." + +Woah. + +That's quite the endorsement. + +She became CEO as of January 2022, so already being 9 months in - I can't wait to see more of this 'impartial journalism' in action. But no rush Turness, I can see why reporting that **the DTCC committed international securities fraud** is currently on the back burner when hard hitting articles like this are in contention, and already published online: + +[Don't worry, cow got out just fine thanks to the fire crews. Nice one lads.](https://preview.redd.it/84qtrkijogl91.png?width=1276&format=png&auto=webp&s=05d2bf3583b305a23dcb9f145fdb6c632b6318d6) + +To state clearly, I know nothing of this woman personally and don't wish to express an opinion in relation to her. But what I do know is that should the BBC continue to withhold this information (for whatever purpose) from the general public and proactively decide not to report the news - being that **the DTCC committed international securities fraud** (which is, ya know, kind of a big deal) - the CEO of the BBC News will have to acknowledge their role in the criticism as will follow. + +After all - **accountability** is stated as a core BBC value within their operational [mission statement](https://www.bbc.com/aboutthebbc/governance/mission), and I could not agree more with the importance of **accountabilty** here. + +Especially when the tax payers are forking out for her £400,000 [annual salary](https://deadline.com/2022/01/bbc-news-appoints-itn-boss-deborah-turness-as-ceo-1234905180/). + +................................................................ + +**SUMMARY PART TWO - The BBC, as a publicly funded organisation recently brought in a new CEO, Deborah Turness. Under her leadership, we are still waiting for the BBC to report on the news being that the DTCC committed international securities fraud. Not reporting this goes against the BBC's own declared values and the public interest. Seems a cow getting his head stuck in a tree makes the news, but fraud in the US stock markets doesn't.** + +................................................................ + +So this takes me on to my next point. + +Assuming that, for whatever reason Turness hasn't lead the charge on revealing this **GROUND SHATTERING** information to the general public, it might be an idea to consider if there are any people standing behind the curtain pulling the strings. + +Credit where credit is due - [**Jinglekeys100**](https://www.reddit.com/user/Jinglekeys100/) shared this link with me, and I must say - it inspired the creation of this entire post so thank you for that. But have a gander, this came as new information for me - and might be for you too: + +https://preview.redd.it/o0mup7h5ifl91.png?width=1518&format=png&auto=webp&s=bf0e573e7de6480de26afe023d58bddb7e085ab8 + +\[[source](https://www.bbc.co.uk/mediaaction/about/funding)\] + +Now for full disclosure, this accounts for the funding issued to the BBC for 2019-2020. I've tried to find updated sources but it seems that the BBC haven't published this, or has published it in a way that isn't easily findable/accessible online... *sigh*. So if anyone has an updated source, please share and I will upload here. + +But on the basis of this model as above, it's certainly interesting to see just how many donors there are in total, and I would be curious to know just how much money these investor have since added in the last two years, not to mention any potentially **new** donors now helping to finance the BBC. + +But there's one name that stuck out there for me here. + +# The Bill & Melinda Gates Foundation. + +Now where have I heard that before? + +Oh yeah, I remember. Wasn't there some conversation not that long ago to suggest Bill Gates was short on GME? + +Now as I can only document the facts here, and for objective writing purposes I must mention that Bill Gates has previously stated that he is **NOT** short on GME ([sauce](https://uk.investing.com/news/stock-market-news/bill-gates-answers-how-short-are-you-on-gamestop-gme-2654290)). That said, I think it's always better to draw your own conclusions based on research/fact rather than accept claims on face value from the accused - and besides, not like it's the first time anyone has ever has lied, is it? ^(\*\*Ken Griffin, cough cough) [^(https://www.kengriffinlies.com/ken-griffin-lied-under-oath-perjury-claim/)](https://www.kengriffinlies.com/ken-griffin-lied-under-oath-perjury-claim/) + +In fact, I even found some evidence of contradictory behaviour in some of Bill Gate's earlier statements - like when he was asked about his relationship with \*\*Boston Consulting Group (BCG)\*\*💩 + +Bill Gates did an AMA and stated he had **no knowledge** of this company at all \[[source](https://www.reddit.com/r/Superstonk/comments/utbt4q/bill_gates_denies_knowing_who_bcg_is_during_his/)\] but according to this, **The Bill & Melinda Gates Foundation Is Partnered With Boston Consulting Group \[**[source](https://www.reddit.com/r/Superstonk/comments/ttyzsy/who_remembers_when_bill_gates_was_vocal_about/)\] + +Uh oh. Looks like Bill may have just got caught in a lie. + +And wait a minute, isn't there an ongoing issue with BCG and GameStop? + +[You tell 'em Ryan.](https://preview.redd.it/c68sm41sqfl91.png?width=1126&format=png&auto=webp&s=b72467c1d743876f105022c7bd2d85fda4f15a62) + +But that doesn't prove anything about his relationship with GME, I hear ya. + +Well, looking at this from a slightly broader perspective - it's not a bad idea to venture out a little and suss out what's happening in other parts of the US market, and with other shorted stock. Right? And well, reportedly it seems that Gates is at least short on one stock (according to Musk) - and that would be Tesla. + +Here's a leaked conversation as alluding to this: + +https://preview.redd.it/runk8vc6tgl91.png?width=700&format=png&auto=webp&s=e8806a1b8c1d26731a87a50822035545934bb058 + +\[[source](https://www.reddit.com/r/Superstonk/comments/u9x0mz/nyt_leaks_elon_and_bill_convo_can_we_talk_about/)\] \[[source](https://www.bloomberg.com/news/articles/2022-05-28/musk-says-gates-has-multi-billion-dollar-tesla-short-position)\] + +So I guess this does open the door of *possibility* that he may also be short on a couple of other stocks too? + +Like, Gamestop for example. + +And it's not as if he speaks about this company all too favourably now, is it?: + +* **Bill Gates compares GameStop frenzy to gambling on CNBC** \- \[[source](https://www.youtube.com/watch?v=PVBdyYynDNE)\] +* **Bill Gates says crypto and NFTs are a sham** \- \[[source](https://edition.cnn.com/2022/06/15/tech/bill-gates-crypto-nfts-comments/index.html)\] + +Why don't you like GameStop, Bill? + +Now again, this is simply speculation and I'm sure as time passes - more information will come out to either confirm or debunk the connections I'm making here. But I'm just presenting information, the critical thinking is left up to you incredible apes should there be any dots left to connect. + +I would also like to state for the record that **Microsoft has little to do with Bill Gates (as he holds only a 1% stake in the company)** thought it would be good to mention incase Microsoft get revealed as a future partner of GameStop. \[[source](https://www.reddit.com/r/Superstonk/comments/uu3tf6/microsoft_is_not_the_same_as_bill_gates_with_bcg/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)\] + +................................................................ + +**SUMMARY PART THREE - The BBC is also funded by outside third-parties including Mr. Bill Gates. Bill Gates is allegedly short on Tesla, and has a seemingly less than harmonious relationship with GameStop and has previously denied a relationship with Boston Consulting Group despite several sources stating otherwise.** + +................................................................ + +Speculation aside (and who knows what research we might be able to find on the other 9 listed donors on that list) the reason I mention this is to pose the following question: + +1. **Why** isn't the BBC reporting that the DTCC committed international securities fraud? +2. And does it have anything to do with any outside influence, perhaps to preserve the self interest of individuals who fund the corporation (opposed to the BBC working to serve best interests of the Great British (and global) public). + +As I am sure you all agree - it is important that the public are made aware that **the DTC were unable to carry out their duties as custodians of the shares they are required to manage and committed fraud as a result of their inability to do this**. This **will** affect a lot of people who hold US based securities within the stock market, and the fact that no one is talking about this is deafening. The people deserve to know, and we've already provided MSM outlets the evidence - so why aren't they reporting the story. + +Why? + +I will mention again, the BBC is a **publicly funded** corporation, with the majority of its income sourced from UK TV licensing fees paid for by the British public. + +Now it's fair to say that the BBC have seen more than a couple of controversies in their time, so I would have thought they would like to get ahead of this one. Better than having another notch added to this already quite lengthy wiki-post + +https://preview.redd.it/f9qe2665ffl91.png?width=1970&format=png&auto=webp&s=b94874bc919a58a36927bd2096348857503d7466 + +\[[source](https://en.wikipedia.org/wiki/BBC_controversies)\] + +So I'm hoping, if anything, this post will serve as a reminder of the expectations we have, not only the BBC, but for **all** media news outlets across the world. + +And to any MSM reading this - your audiences and public **deserve** impartial reporting, transparency and honesty within the news content you produce. You have a social and moral responsibility to make this a better place for us all. And should this fail to happen, even after you have been provided evidence of this, a public inquiry will be required. This post will serve as the basis for these on-going conversations. + +https://i.redd.it/rn7vkyvpeil91.gif + +But I guess it's not enough just to talk about the MSM's responsibility here, but we must also look at the responsibility we hold **ourselves**, being the bearers of this knowledge - as it's also down to us to make this world a better place too. + +If any apes feel inspired enough to keep sharing this information, the original letter is here: [https://www.reddit.com/r/Superstonk/comments/whkrz2/the\_dtcc\_has\_committed\_international\_securities/](https://www.reddit.com/r/Superstonk/comments/whkrz2/the_dtcc_has_committed_international_securities/) + +And like RC said: **Work is sexy.** + +And for any future historians reading this, if it comes to pass that the companies as mentioned here (and were previously informed of the DTCC's fraudulent behaviour) concealed the truth from the greater public, well - that wasn’t the future we were fighting for here. + +........................ + +**TL:DR - We have evidence that MSM were provided with information as pertaining to the DTCC committing international securities fraud, but news outlets (like the BBC, who are publicly funded) still haven't reported this as news. Third party investors and corporate ownership could potentially be the reason why. Also Bill Gate's name pops up.** + +**TL:DR Section 1:** Seems that quite a number of news corporations around the world are either owned or invested heavily by some big name players, including Jeff Bezos and Kenneth Griffin (and there's even instances of Chinese Finance corporations owning US media outlets). + +**TL:DR Section 2:** The BBC, as a **publicly funded** organisation recently brought in a new CEO, Deborah Turness. Under her leadership, we are still waiting for the BBC to report on the news being that the DTCC committed international securities fraud. Not reporting this goes against the BBC's own declared values and the public interest. Seems a cow getting his head stuck in a tree makes the news, but fraud in the US stock markets doesn't. + +**TL:DR Section 3:** The BBC is also funded by outside third-parties including Mr. Bill Gates. Bill Gates is allegedly short on Tesla, and has a seemingly less than harmonious relationship with GameStop and has previously denied a relationship with Boston Consulting Group despite several sources stating otherwise. Posing the question: Why isn't the BBC reporting that the DTCC committed international securities fraud? And does it have anything to do with any outside influence, perhaps to preserve the self interest of individuals who fund the corporation. + +**EDIT**: + +If the reading gets too much, why don't you unwind with a video that puts into perspective just how influential corporation run media is. Some could even say, is **extremely dangerous to our democracy.** + +Courtesy of [**Iknewyouwerebi**](https://www.reddit.com/user/Iknewyouwerebi/): [https://www.youtube.com/watch?app=desktop&v=ZggCipbiHwE](https://www.youtube.com/watch?app=desktop&v=ZggCipbiHwE) +Hi PF, I've been a longtime lurker, but now I'm in need of rational advice. + +Like the title says, my wife (26) and son (1.5) were recently driving down to see her parents, and were killed in a car accident. I think I'm still in shock, and the reality of that statement hasn't really hit me. I've not shed a single tear, and just kind of felt like a zombie, or like I'm living in some fake dream world. + +I know I need counselling to deal with all that, but I want to make sure that I don't make any dumb financial mistakes in the wake of this, which is why I came here. + +Here's my situation: 28M, sole earner for the family at about $70k/yr. Currently own a home with about 250k left on the mortgage at 4.375% and a car with about $8k left at 3.5%. My wife had life insurance that's going to end up being $300k. I don't have a ton saved for retirement, but I contribute 8% to my 401k which is to take full advantage of the employer match. I think the total in that account is around $40k. I also have an emergency fund with about 3-4 months worth of expenses saved up. + +My gut reaction on what to do with the life insurance is to pay off the mortgage to free up my monthly cashflow, and allow me to put more into my 401k. I know we bought more house than we probably should have, (EDIT: to clarify this point, I mean that our mortgage was probably too much for our income. The house itself is only around 1000sqft. We are in a HCOL area) so we've not had a ton of room in our budget month to month. If I pay off the mortgage, that opens up a lot of room to put more into my 401k, but I also know that PF doesn't usually recommend paying off low interest debts early. + +Any other considerations I should be thinking about? I'm going to set aside a chunk for funeral expenses, but even with that, I should still have enough to pay off all my debts and put more into an emergency fund +**UPDATE:** + +I ended up not receiving that call that my previous bosses wanted me to take to talk to me. They never called! Instead, they texted about an hour before that scheduled call, asking me what the username and password was for the text service we use, and to reply ASAP, as they "need to get this figured out so we can get everything in order. It's just a mess over here. Can we schedule a time for you to come in to show us how this works?". I replied that the password can be located on the drive, and nothing more. I ignored the request to come in, as they would not be paying me (I'm sure of it). Got a simple "thank you" text back and that was that. In addition, I made up a quick list of marketing/consulting services and sent them my price list, as well as an offer to train them on the software for a certain hourly rate. I received no reply back once I sent that email, and I'm not expecting one. + +***The good thing to come out of this***: + + I have realized how valuable my services actually are. With everyone commenting how successful they were contracting their services, I have decided to *really* buckle down and do this thing. Starting today, I began brainstorming website/company names, and plan to purchase a domain and get to designing a website very soon. I have had so many people in the past requesting my services, but I never had a landing page to show them with my work and what I offer. So, all in all, even though my business relationship with that employer has been severed, I expect to jump ahead personally. + +I realized that I have to stand up for myself. Under NO circumstances is it OK to give away my services for free, no matter the status of the relationship. It felt empowering saying no for once, and makes me value myself more. + +Anyway, I really wanted to thank everyone again for their meaningful advice. I didn't think this post would blow up this much, but thank you to everyone who put in their two cents! + +&#x200B; + +\---------Original post------------- + +Not sure if this is the correct place to post, but it seems like sort of a financial problem too! + +Sorry in advance for the long post, but I am frustrated. + +I was a marketing manager for a small physical therapy business and I was recently laid off due to Covid19 without warning, meaning no time to gather my work materials or explain to my bosses what I was currently working on. I was one of two people in the marketing department (the second person worked both front desk and marketing) but I was the one who knew the ins & outs of all of the software being used, and we were also planning to rebrand in April (new logo, name, business plan). + +I have been a little frustrated during this whole process, as AFTER they laid me off, I offered to come in for 5-10 hours a week (I did work 40-45 hrs) and receive partial pay, since I knew the owners did not know anything about marketing, and this is a crucial time for website updates, virtual meetings, and IT problems, all of which I could work on or solve. However, they told me no. + +So now I am in the position of being called/texted nearly every day with them asking if I can log into the software and show them how to email, explain to them how to navigate complicated software, and pretty much make them a new marketing plan for the pandemic & having to go completely virtual. Now, at first I didn't mind giving them a few tips, but it is now getting out of hand. Like I said before, I wake up to emails & texts with in depth questions, most of which I would reply "I am not entirely sure. all of that information would be on my laptop at the office." and the proceed to give them my username and password to my laptop so they could log on. + +A few days ago my boss texted me asking if I could call her and a colleague and explain the email marketing software I use for our email blasts, as well as explain how to edit the website. Seeing as I don't want to offer my services for free (this would likely take hours to explain) I replied with "It's a really complicated process. I can give you the user and Password, but this would be something I would really have to sit down to explain/do. I am available to come in tomorrow or Friday if needed for a few hours", to which my boss replied, it's ok, we'll keep in touch. + +Now, fast forward to today, I receive ANOTHER text, asking to call me tomorrow to explain the same processes/systems asked about in the previous text. I haven't replied, and I don't know what to do. I feel guilty not helping them, but I know that if I offer my advice for free, they will likely take advantage of me and my skills. However, if they do hire people back after this, me working for FREE out of my own time could put me ahead of others when it comes to the re-hiring process. + +Any advice? Has anyone had a similar problem in these times? +Occasional poster, using throwaway for anonymity purposes. + +I'm mid-50s, $7.75M NW ($6.5M LNW), have been heads down working for my entire career. House is paid for, kids college is paid for. We're living on well below a conservative safe withdrawal rate. + +Original plan was to quit next year when last kid heads off to university, but I'm burned out, don't want to do the commute again post-Covid and my formerly high 6 figure compensation package will most likely be mid 6 figures going forward, due to declining fortunes of the business and end of life cycle of some of the products I support. + +My wife says quit, my family says quit, my tax guy says quit. If I had a dog, he would say quit. So why am I having such a hard time pulling the trigger? Does anyone who has been through this have advice on learning to let go and move on? Particularly if it's happening earlier than you planned? + +Edit: Thanks to all of you for some perspective and good advice. +We dropped from $180 to $100. That basically tells you everything you need to know about how heavily manipulated the stock is. + +Also, RC bought more in the low 100's. Other insiders did as well. Insiders typically do not buy shares to quickly unload them. They buy shares because they are bullish on the future of the company at its current valuation. + +I dont know how many more bullish indicators/news you need. The insider buys, the stock split, and computershared.net are basically everything I need to continue buying and holding. + +(If you need more motivation just look at utilization, shares on loan, and borrow-rate.)⏳🧨 + +Stay strong during times like these, don't let all the noise affect your conviction. + +See y'all on the moon, this is gonna be historic🚀🚀🚀 + +I would also like to say a quick thank you to our stock market overlords for allowing all of us to scoop up more shares around $100 today. I felt like a mini-RC today❤️ +Pretty straight forward. I'm living paycheck to paycheck. I've never been able to save more than $100. Anytime an automatic transfer was made to my savings account, I would transfer it back. I also have Wells Fargo, so anytime I purchase something, a dollar gets transferred to savings - only to be put back into checking. + + In December I decided to remove my savings account from my online banking. This does *not* close your account, it simply makes it inaccessible from your online banking. By doing this, it prevented me from logging in and transferring money easily back to checking. If I really needed it, I could go to the bank and make the transfer. + +Lo and behold, I learned to budget without the extra money and haven't touched a penny in my savings. Today I went to the bank and realized I now have over $500 saved. It feels so good and so surreal. I also feel *relief*. It's so stressful knowing that at any moment, my car could break down or something else could happen out of my control and I wouldn't have a place to start making up for it. + +Anyways, if this helps anyone, then I'll be happy. +I'm months into fatFIRE now, in the middle of COVID, and wanted to ask the community what you've learned, let's say top 5 to try to get a little into the weeds, along the way that you'd like to share to people trying to get there and now if you're already there. Here's mine: + +Getting to fatFIRE: + +1. Know your goals. Design and work on your life around them +2. Always do a quick check on goals every 3-6 months, see how much you've accomplished for yourself +3. Try to keep your goals as weakly held as possible and be about growing and learning +4. If you start with not much, you have to decide to take or not take risks and live with consequences +5. Life throws curveballs, so change up goals and strategies based on the life situation + +Now in fatFIRE: + +1. The rule of compounding is universal across anything in life - hobbies, relationships, money, etc. +2. You'll lose most people you worked with very quickly depending on how much they care(d) for you as a person outside of work. Sometimes that separation is brutal, sometimes its amicable, and other times its pretty joyful. Enjoy that remaining time with them as best as possible +3. Cherish the memories of everyone that's been in your life (family, school friends, hobby friends, work friends, etc.) before retirement during it and engage with them somehow +4. Never force someone's time...even if its not obvious to you. Most people are working and don't enjoy talking to someone that's not nor doesn't need to +5. Money doesn't buy happiness at all, but it does allow you the opportunity to discover it for yourself + +That's mine so far! +Moved to real money trading for a while now. It is a war against myself isn't it? The market, is complex for sure. My enemy, however, so far, is myself. "I become a much dumber person once I sit down and trade". I can tell my self before I sit down: "Don't do certain things." Then I did it, again. Violate the first rule I set up. When money is in play, the mind got poisoned. Trading is not about the market, the market is not that complex. Most times I don't know, while sometimes I know there are higher possibility of certain things. The real problem is the emotion that cloud my judgement. No signal and analysis can help me if I don't win the war against myself. +In light of this Moweth cunt continually tagging me in moronic comments I figured I post this so maybe he finds peace and moves on. It's also good information to be aware of with any company but especially ones that go on a big run, If you had applied this to DW8 it would have looked equally bad. + +Now I need to say I like NVX and I think they are legit and are a rare stock on the ASX that isn't a crippled dog, BUT what we are currently paying for it just defies logic. (As most of you already know this and I'm sure you have your parachute ready to jump out the rear cargo door when the plane starts going down. + +Anyway heres the info. + +# NVX + +**Current figures:** + +**EPS (-4.9**) + +**PE (-243)** + +Not great is an understatment.. But what about their future earnings you say! Well current year revenue of $6 million and a loss of $20 million isn't nice, but they are growing. So lets look at the forward looking PEG (Price to earnings growth): + +**NOTES:** + +* The PEG ratio enhances the P/E ratio by adding in expected earnings growth into the calculation. + +&#x200B; + +* The PEG ratio is considered to be an indicator of a stock's true value, and similar to the P/E ratio, a lower PEG may indicate that a stock is undervalued. + +&#x200B; + +* The PEG for a given company may differ significantly from one reported source to another, depending on which growth estimate is used in the calculation, such as one-year or three-year projected growth. **(In this case 1 year projected growth for NVX is used as it's all we have available)** + +# How to Calculate the PEG Ratio: + +**PEG Ratio** = PE / EPS growth rate + +&#x200B; + +**NVX EPS growth:** + +2020 (-14.7) + +2021 (-4.9) + +(above EPS taken from NVX annual report) + +&#x200B; + +**The formula:** + += (-4.9 / -14.7) - 1 = Growth rate 66% + +Thats a nice growth rate! 👆🏽 + +&#x200B; + +# So lets work out the PEG for NVX + +**PEG Ratio** = PE / EPS growth rate + +forward PEG = (-243 / 66) = 3.68 + +**Forward PEG = 3.68** + +A company's P/E and expected growth should be equal, which denotes a fairly valued company and supports a PEG ratio of 1.0. + +When a company's PEG exceeds 1.0, it's considered overvalued while a stock with a PEG of less than 1.0 is considered undervalued. + +\------- + +&#x200B; + +Summary, if you care about this stuff don't buy NVX at its current price. If you don't care then keep buying NVX, just don't tell me it's not over valued. + +&#x200B; + +End of TED talk. Go PEG something 💦 +We sometimes see questions asking if an individual's tax return is likely to be audited. + +While there is an extremely small chance that anybody's return could be selected for audit randomly, the chance that any return is audited for any reason is less than 1 in 200 overall as of late. (For the self-employed, it's a bit higher, at about 1 in 100.) And those numbers include returns for people not very much like a typical taxpayer, so typical return audit percentages are much smaller than even these numbers suggest. + +Key things to be aware of: + +- First, an audit has a specific meaning, wherein the IRS asks for details, looking more deeply into your financial situation and records to validate what you filed in your tax return. Just getting a letter from the IRS *doesn't* mean you are being audited. Almost all questions about your return are handled by the IRS using non-invasive correspondence (e.g. CP-2000 letters) as opposed to generating an audit. (Even if you are audited, most audits are still handled by correspondence.) + +- Making a minor error or omission is very unlikely to generate an audit. The IRS uses audits to collect revenue, and spending thousands of dollars in staff time to see if your $500 deduction was legitimate is not a good use of their audit resources. + +- The situations that are most likely to generate audits these days are either returns with very large deductions or tax credits, e.g. EITC for households that don't seem to match what they should be getting, or returns with very high reported income, starting at $500,000 annually. The chance of getting audited goes up to 1 in 16 for returns reporting at least $10M in income. + +- You may have heard tales about how certain types of situations are instant audit red flags, e.g. home office deductions (only allowable for the self-employed these days.) You can even find articles, like this one: https://clark.com/personal-finance-credit/red-flags-will-get-you-audited-irs/ That's not usually how it works. The IRS looks for anomalies that suggest someone is engaging in some sort of unallowable tax avoidance, either by underreporting income or taking unallowable deductions, but individual line items are not generally triggers in isolation. + +https://www.usatoday.com/story/money/2020/01/31/taxes-2020-audits-most-likely-happen-these-two-groups/4552393002/ + +If you are still curious what an audit entails, these articles describes the process; first, from the IRS perspective (ignore that it is from the self-employed part of the website): https://www.irs.gov/businesses/small-businesses-self-employed/irs-audits + +Secondly, here's an overview of the whole process from the perspective of a taxpayer: https://www.policygenius.com/taxes/how-an-irs-audit-works/ + +In the vast majority of cases, even if there is a minor issue, you are still not the droid they are looking for. +I've been debating sharing with this forum our experience in teaching kids how to save. ultimately, I think there are a lot of us here with kids (we're just too busy to post much), and I certainly love reading posts about people with kids and how they manage their FIRE methods. My hope in sharing this is that it'll be helpful to others and maybe even improve on the technique (and share if you do!). + +​ + +My husband and I are both avid stalkers of this forum and have been saving for years. Neither of us got any formal teaching in how to save - we just observed our parents making frugal choices and not overly-stressing over money and that more-or-less got the message through to us by mid-adulthood. Now we have 4 kids and we've been trying to figure out how to make the desire to save ingrained in a more proactive manner. I've read *"The Opposite of Spoiled"* and while we love the idea, our kids are ultimately still too young (our kids are 5 and 2.5). + +​ + +Here's where we stumbled on a surprisingly successful idea. We had been using "tokens" - ie poker chips - to reward good behavior. Start the day with 3 tokens and earn a token every time you do a big helper job (like taking out the recycle) or lose a token if you're unkind or disobedient. Tokens are not given out for their chores - each kiddo has chores they have to do every day and tokens are not awarded for those jobs done; we didn't want to get into a "pay me for doing any work around the house" scenario. We frequently remind them that the chore list grows as they get older and they've seen it happen, but because we by-large do chores as a family, there has been zero push back when we transfer jobs from token-earning to regular-chores. At the end of the day, the tokens are cashed in for sugar of various forms: right now a jelly bean is 1 token, a buttermint is 2 tokens, and an oreo is 5 tokens. The kids typically end up with a range between 3-7 tokens; on really great days they'll break 10. + +​ + +This worked pretty well for behavior adjustment, and then one of our 5 year olds had a really good day (lots of sugar at the end) and decided she didn't want to eat it all. She got a bowl with her name on it, and she saved the extra. We told her she could eat it the following day whenever she wanted - that it was hers. Our other 5 year old wanted a bowl with her name on it too, but (we were becoming wise) we told her she could only have a bowl if she saved. Now we had two kids saving candy day over day. + +​ + +They started telling the two 2.5 year olds how *awesome* it is to be able to eat candy the next day whenever you want. The littles tried it once, but ultimately instant gratification would win out. Then I decided to introduce interest. Our new rule is: if you save at least one jelly bean or half an oreo through breakfast the next day, you get *another* jelly bean in your bowl. This was life-changing for the littles - they now regularly save over and above what they have to and sometimes ask for their bowls just to count their candies. EDIT: I've had a few ask so clarification: interest is only 1 jelly bean total, no compounding :) + +​ + +At one point my 5 year olds took their candy bowls downstairs in the evening to play video games with me and ate all of their candy at once. I had warned them that it's easy to eat more than you expect while watching TV but ultimately we let them learn simple lessons the active way. And it was so exciting the next day to hear them comment to each other things like, "We shouldn't have taken our candy downstairs." "Yea, my bowl is empty and I'm sad." + +​ + +"*The Opposite of Spoiled"* is a great book and we'll definitely be applying it as the kids get older but my initial mistake was using cash - a currency kids just don't care about. By introducing small amounts of sugar as a currency instead, I feel like we're early on teaching them about the joys of surplus and the avoidance of instant gratification. What's more, they now have the terminology already in place - we talk about saving candy for later, earning interest on it. The hope is that they will have an active understanding of the power of saving from toddlerhood on. + +​ + +EDIT: Gold! Wow, I'm honored, thank you! + +EDIT 2: Thanks to the three of you who delayed FIRE to gild me :) +i started trading 5 months ago and i thought i grasp the fundamentals and understand using technical analysis such as indicators on charts. Also, catching up the news to make my purchase. However, learning about shorting, dark pools, otc, etc and the list goes on, I realized i only touched the tip of the iceberg on what goes on behind the closed door of the stock market. Behind the gme fiasco, lies a terrible and ugly truth of the current market that's upon us. Holding stronger than ever. if it does dip lower than my average cost, planning to load up even more. +This is [cross posted from here](https://www.reddit.com/r/wallstreetbets/comments/4x2316/how_i_made_356k_on_xiv_in_two_years_and_my/). My post was removed by the mods there. Don't know why. The content of my original post is the same as below. I linked to there because there are a lot of good questions. I'm traveling tomorrow so won't have much time to answer any questions but I'll get to them the following day. Not sure if this is suited for /r/investing. If it isn't let me know and I'll remove it. + +[Proof](http://imgur.com/a/7v26i) (Most of the profits were made in the past 10 months. At the start of 2015 my account size was around $450k. It's now at $807k) + +Reason for this post + +- I want to introduce XIV as an alternative to buying or trading stocks. I've sworn off buying stocks. + +Background + +I am not a professional and undestand about 51% of the inner workings of XIV. I trade XIV on several accounts. The proof I linked to is the biggest and is a retirement account so I can't withdraw without taking a penalty. I have a cash + +account that is up 100% since 2015. I trade my friend's cash account which is up 50% since last Nov. I also help my father and a friend trade XIV. Between us we've made 7 figures this past year. + +History + +I've been in the stock market since 1987. Bought some mutual funds with my hard earned money when I was 17. Black Monday promptly happened. Didn't get back into the market until around 1995. Rode the internet boom up and back down. + +Struggled through the 2000s with not much to account for. Got into a Commodity Trading Advisor that does the strangle on the S&P futures in 2008. It had amazing past performance and relied on the market trading in a range to make money. + + This strategy didn't work so well with the Great Recession. Fortunately I remembered how the market behaved after a big crash so I invested my 401k in natural resource and then gold and had these returns: + +- 2009 - 57.78% +- 2010 - 32.95% +- 2011 - 15.72% +- 2012 - 50.20% +- 2013 - 51.19% + +compared to the S&P500 + +- 2009 - 23.49% +- 2010 - 12.64% +- 2011 - 0.00% +- 2012 - 13.29% +- 2013 - 29.60% + +With the bump, I moved $500k of my 401k to a self-directed account (I own a company so had this set up with the 401k plan). For the next two years my trades again didn't go anywhere. It wasn't until I read a reddit post about buying + +XIV after the market crashed a bit in 2014. I researched it and began trading. It went surprisingly well. Told my friend about it and he got on the game with his IRA account. + +Rambling thoughts on the market + +- As my friend said, the market is the devil. You'll go to the grave and still won't figure it out. +- No one knows what the market will do. Those who say they do are liars and/or are probably trying to sell you something. +- Investing based on fundamentals has never worked out for me. +- Investing based on technicals has never worked out for me. +- Diversifng my 401k never worked for me. It wasn't until I started putting my entire 401k into a single fund in 2009 that I started getting amazing returns. +- I advise people who don't want to or can't actively trade to put their money in an index fund. While history has shown this to be relatively safe there are still risk. + +Basic strategy on trading XIV + +- Wait for a "crisis" that brings the market down. +- Buy XIV +- Wait +- Profit +- Repeat + +These crises (opportunities) happens a few times a year. When it does the VIX spikes above 25 which is a good buy signal. + +I'm not going to say I'm some sort of genius with my timing but so far whatever I'm doing it's working to a certain extent. For example, I bought XIV late last year and then the oil crash brought down the market. I had a huge paper loss + +but was confident the market would recover. It took months and I got out with $110k profit ~20%. Traded a bit but then got out before Brexit happeneded. Afterwards, I was a bit nervous and waited too long to get into XIV but still made + +$140k profit (24%) in less than a month. + +What I like about XIV + +- It's not a company so no one is lying to you. Not the company and not any of the analysts covering it. +- It most likely will not go down to 0. Look at how [XIV behaved during the Great Recession](http://sixfigureinvesting.com/wp-content/uploads/2014/05/XIV-04-14.jpg). It recovered in a couple of years. Some companies never did or went + +bankrupted. +- It benefits from contango. + +What scares me about XIV + +- The prospectus states that Credit Suisse reserves the right to close the fund if its intraday loss goes beyond 80%. On 8/24/15, the DOW intraday dropped 1,089 points (7.1%). VIX rose 90% yet XIV **ONLY** dropped 34%. It would take the crash of '87 to terminate XIV but the market now has breakers in place that suppose to prevent this. +- If I'm caught on the wrong side of the trade, it may take months to be profitable again. I don't use stop orders if I have a paper loss. My reasoning is the market will eventually recover and/or volatility will die down. + +Resources on XIV + +- [Six Figure Investing](http://sixfigureinvesting.com/) +- [Understand Contango](http://commodityhq.com/education/understanding-contango-natural-gas-example/) + +Edit: I'm heading out on a road trip. Won't be back until tonight or early tomorrow morning. A lot of great discussion here. +I am unable to quantify how withdrawing my profits will affect my compounding cycle. I have made some good profit in the market surge lately, and wondering if it would be a good idea to encash it. I have no immediate need for money and am investing for a period of 15-20 years. +Is it just me or has there been a huge increase in the number of low quality posts about ETFs that has been steadily rising over the last few months? In the last week there have been multiple that clearly hasn’t done the minimum of reading or research, eg by asking about ETFs that track the S&P500 and are available to EU investors. + +I don’t mean to be snarky, but the search function is a thing, the sidebars here and on other finance and FIRE subreddits are a thing, and google is a thing. +Hello world and happy monday 😁 +Who's ready for another week full of GME fun? + +Current price "115 minutes in: 149.90 US-$" + +FAQ: + +Where do you get our numbers from? +- +I trade through my bank account and just refresh the page to see the current price. I then use my conversion app ( Euro to US-$ ) and post the result. +I try to post every 5 minutes, but I am at work so I can't guarantee it 😄 + +Why are your numbers different from the ones I'm seeing online? +- +My banking app shows me the best price that I can sell for right now...it compares Frankfurt, Munich, Stuttgart, Berlin, Düsseldorf, Hamburg, Xetra and "Direkthandel" (meaning "direct exchange"). +That's why my movement may differ from your sources online. + +I don't trust those germans, look at what they did in the 20th century...can I get another source? +- +Sure, you can take a look here...just remember to convert from € to $! +https://www.ls-tc.de/de/aktie/gamestop-aktie + +Can you post the volume too? +- +I can't see the volume on my banking app but you can find it online or probably in my comments, since some friendly apes talk about it often. +But remember how low the volume is in the US pre-Market and we're talking pre US pre-market here so I think that the volume doesen't reeeeally matter this early into the trading day. + +Why are you doing this every day, what's the point of posting these numbers, since the volume is nothing compared to the one in the US? +- +I think that it's less about the numbers, it's to show that every minute of every day, there is an ape who's holding GME. +Look through the comments, there are people from all around the world just wishing each other a good morning, how awesome is that? +I think that this feeling of camaraderie is critical, it's good to know that I'm not the only one liking this stock. +I'm holding since november and I will continue to hold for my brothers and sisters. +We are not a union, we are all individuals who like the stock, but we're still family! + +Starting: 149.24 US-$ + +5 minutes in: 149.66 US-$ + +10 minutes in: 149.66 US-$ + +15 minutes in: 149.66 US-$ + +20 minutes in: 149.66 US-$ + +25 minutes in: 149.66 US-$ + +30 minutes in: 149.66 US-$ + +35 minutes in: 149.66 US-$ + +40 minutes in: 149.90 US-$ + +45 minutes in: 149.90 US-$ + +50 minutes in: 149.90 US-$ + +55 minutes in: 149.90 US-$ + +60 minutes in: 149.90 US-$ + +65 minutes in: 149.66 US-$ + +70 minutes in: 149.66 US-$ + +75 minutes in: 149.66 US-$ + +80 minutes in: 149.90 US-$ + +85 minutes in: 149.90 US-$ + +90 minutes in: 149.48 US-$ + +95 minutes in: 149.48 US-$ + +100 minutes in: 149.48 US-$ + +105 minutes in: 149.90 US-$ + +110 minutes in: 149.48 US-$ + +115 minutes in: 149.90 US-$ + +The US pre-market is about to open so that's it for the day! 🇺🇸 +I hope you all with have an amazing week, let's make some millionaires, shall we? +See you tomorrow and let's give 'em hell! +Here is my current portfolio - all figures are in CAD\*\*\* + +Cash - $4,456,264.04 + +Crypto - $2,676,144.42 + +Real Estate - $3,607,485.00 + +Stocks - $2,282,451.53 + +I feel like I have way too much cash. But where should I invest this? Everything is at all time highs. + +I was in high school during the 2008 financial crisis. I want to be able to sit on a lot of cash so when the bubble burst, I can pick up deals. + +It's a tough balance between knowing "the bubble will burst" & "cash is trash".... +Information from recent ann: + +**Short Term** + +"Assays for KBDH-054, KBDH-050 from PAD6 and KBDH-021, KBDH-023 from PAD4 are now imminent." + + \- This means regular assay updates meaning the is short terms news incoming to bolster the SP + +Over 16,000m of drill samples (30 holes) will be assayed during the current quarter. + +\- This means again further tendies this quarter. + +**Long(ish) Term** + +"Further resource upgrade due in Q2 2021 supported by assays from all holes completed by 31 December 2020 at the Korbel Main deposit (PAD1-4, and 6)." + +\- This is the real rocket, where the resource upgrade according to the CEO is likely to be from 7-10 moz a very significant upgrade from the already high 3 moz inferred resource we have now. (This has already been added to in the recent ann). + +"PEA under preparation aiming to investigate optimal capital costs and mining and treatment alternatives at Korbel Main" + +\- preliminary economic assessment in preparation which should report a solid outcome due to the location of the resource site and the technique (heap leaching) to be used which is extremely cost-efficient. + +This is not financial advice. DYOR + +TLDR: Tendies + NVA on sale atm + (rocket emoji) (rocket emoji) (rocket emoji) +Compounder ape here. I make body wash, shampoo, conditioner, lotion, mouthwash, etc. This year has been tough for obvious reasons but in the last few weeks we have noticed extreme shortages. + +My wife is the buyer at my work and she sees it constantly. Every time she submits a PO for anything they raise the price and tell us it’s weeks to months out, today alone 3 suppliers of chemicals we order in 40,000lb tankers shut down. + +We can’t even get the wood pallets we need. I feel like I’m watching society collapse in front of me. + +GME will most likely be my family’s only hope and we are already pretty well off. It brings me some comfort to know that this group of apes will be there to support everyone in need when the time comes. + +God speed you smooth brained retards. +Finally, after two years of sleeping on my mattress on the floor, I've been able to buy a platform bed for $125 at my local thrift store. Not an easy feat because these things are hard to find! I had to get a platform bed because there's no way I could bring a boxspring home in my tiny gas-sipping car. A platform bed is easily dis-assembled into manageable parts that I could take home. + +I am so happy right now, feeling just a little less noticeably poor and more normal, without breaking the bank. Thanks, fate! + What is $RAINBOW? + +$RAINBOW is a hyper-deflationary, multi-faceted token that employs 7 resilient protocols which uniquely combine to create a single, robust cryptoasset. Check out the chart and you can see that it **peaks higher with each market cycle!** This is because its seven protocols combine perfectly for a **very bullish token!** + +This project uses first-of-its-kind tokenomics to make it a truly unique BEP20 token that has never before been seen. I am extremely excited for how far this project can go, **it's still so incredibly early to be investing when you read what is upcoming for Rainbow!** + +The developers are creating multiple products behind the RAINBOW brand and are currently focusing on building a decentralised token launchpad service that specialises in user friendliness, flexibility and utility for the native token, $RAINBOW. + +&#x200B; + +**How does the token work?** + +Each buy transaction is taxed 7% and split into seven equal portions: + +&#x200B; + +🔴 **Burn**: A portion is permanently burnt directly to the dead address. Since the dead address also has reflections enabled on it, a faster rate of burning occurs as the number of RAINBOW tokens in this dead address builds. This makes the token truly hyper deflationary, reducing the supply over time and making each token more scarce / valuable! + +&#x200B; + +🟠 **Buyback**: A portion of the tax is sold into BNB which is stored inside the contract. This BNB is then used to purchase back tokens after every sell. The purchased tokens are then permanently burnt, meaning the price permanently increases relative to the circulating supply. + +&#x200B; + +🟡 **Reflect**: A portion is reflected to every existing holder based on the % of the total supply they are holding. This means just by holding $RAINBOW you earn an interest yield automatically and straight into your wallet. + +&#x200B; + +🟢 **Charity**: A portion is used to donate to charities that the development team and community feel strongly about. + +&#x200B; + +🔵 **Liquidity**: A portion is used to increase the size of the liquidity pool. This means as time progresses, the price impact of relatively large sells goes down, and larger investors are able to purchase bigger amounts without losing out to slippage. This both alleviates some of the sell pressure whales can put on projects, and allows a larger range of big investors to buy into the project. + +&#x200B; + +Ⓜ️ **Marketing**: A portion is sold into BNB and sent to a marketing wallet. These funds are solely used for business & marketing purposes, helping spread the word of $RAINBOW so that more potential investors are exposed to the project. + +&#x200B; + +🟣 **Lottery**: A portion is held in the contract inside a side pot. These extra tokens are awarded to a random (real) buyer, this provides further purchase incentive for Rainbow and awards real active investors instead of bots. + +&#x200B; + +They also have their own **anti-whale tax** system for large volume sellers - this is incredibly important as it reduces sell pressure from whales considering dumping their whole supply! + +For more in depth information on each protocol and the project in general, check out the telegram: [https://t.me/rainbow\_crypto](https://t.me/rainbow_crypto) or whitepaper: [https://rainbowtoken.finance/whitepaper.pdf](https://rainbowtoken.finance/whitepaper.pdf) + +&#x200B; + +**Why $RAINBOW?** + +Other than the fact that $RAINBOW has a great and unique idea, these are the reasons why I know I want to be a part of it: + +&#x200B; + +🌈 💰💰HUGE BUYBACK POT 💰💰 + +🌈 Promoted by a celebrity and other huge influencers + +🌈 Chart is **incredibly bullish** breaking **ATH after ATH**, holder numbers are growing constantly + +🌈 Still incredibly early to be investing + +🌈 Presale Launchpad "Bifrost" gives a utility for the token + +🌈 NFT Game, Staking, mintable NFTs have all been teased to come in the future + +🌈 Verifiably doxed & experienced developers + +🌈 Viral marketing is being used to create parabolic growth + +&#x200B; + +**For all these reasons, this project is more than worthy of being a part of - but don't take my word for it! Read the whitepaper, join the Telegram and as always, DYOR.** + +Links: + +[Telegram](https://t.me/rainbow_crypto) + +[Website](https://rainbowtoken.finance/) + +[Twitter](https://twitter.com/rainbowtokenbsc) +FIRE'd the first time at 33 with $3.something MM. Went back for more and now have a job that currently pays $1M, very RSU-heavy in a publicly traded company. Now at $5.5 NW. I've been growing to really hate my job with constant work anxiety and troubled sleep. I decided for sure I was done and it's time to quit my job, I've even been counting down how many more mondays I have left, proudly counting it down week by week with my friends who have been great at supporting me with this. + +Well as of today (Tuesday) I'm at 3 more Mondays and should give notice this coming Monday, and I'm getting cold feet. I am struggling with the job and I have more bad days than good, but on the other hand I'm now making the money I dreamed of as a kid, and I still see brief moments in my job of what used to really motivate me. Due to stock growth if I quit and decide to come back I'll probably drop to more like \~$600k income (I grew up poor and fully realize how stupid this sounds). + +None of my friends of family can relate and I sound like an asshole even talking about it - part of the fatfire dilemma - can anyone here offer words of advice or their feelings about the situation? +Tons of big money are going to make a killing on the squeeze and the possible aftermath if the market collapses. They want this to happen. They are all sharks, they don't see each other as allies, they are all enemies. + +They may smile and shake hands, but they will slit each others throats when the time comes. Just relax and hold your shares. + +Keep in mind that no matter the FUD, the institutional longs have not abandoned GME. They held through all of this just like us. They have big plays they are going to make so they can devour their competitors. We are just along for the ride. +Are you just starting out your independent life, and looking for financial advice on how to adult? Have we got a forum for you! Here's a collection of pointers to topics of interest to many 18-year-olds; the specifics pertain to the US in some cases. These are topics we get a lot of questions about in /r/personalfinance. + +If you don't see your favorite topic here (e.g. houses, retirement accounts, investments, etc), stay tuned for additional posts coming shortly, oriented towards 22-, 30-, and 40-year olds. (Here's [ELI22](https://www.reddit.com/r/personalfinance/comments/4tlqsd/eli22_personal_finance_tips_for_older_young/).) + +- To start out, you can benefit from [this article](https://www.reddit.com/r/personalfinance/wiki/teachme) with planning and education advice for those in high school, and recent grads. + +- The big change in your life at 18 [19 in Alabama/Nebraska] is you are now legally an adult for contractual purposes, so time to get [bank accounts](https://www.reddit.com/r/personalfinance/wiki/financialinstitutions) in your own own name, i.e. not with your parents. You want a savings account and a no-monthly-fee checking account. Small banks and credit unions typically have [better customer service](http://www.consumerreports.org/banks-credit-unions/choose-the-best-bank-for-you/). + +- You're not going to get rich off interest, sorry! But you can find better savings interest rates (1%!) at [online-only banks](https://www.nerdwallet.com/blog/banking/nerdwallets-top-high-yield-online-savings-accounts/). Put away savings as soon as you can, it's a good habit to get into, and starts your [emergency fund](https://www.reddit.com/r/personalfinance/wiki/emergencyfunds). We'll cover investments and retirement savings in future posts; with limited or part-time income, savings are a better bet for now. + +- You can apply for a [credit card](https://www.reddit.com/r/personalfinance/wiki/creditcards) once you have income. This is different than the debit card your bank will provide with your account. This has pros and cons, but is a reasonable move for many people. It's the best way to independently establish credit without paying interest. A [secured](https://www.nerdwallet.com/blog/top-credit-cards/nerdwallets-best-secured-credit-cards/) or [student](http://www.creditcards.com/college-students.php) card is probably your best option. Pay the balance in full every month! If you can't do that, then you are not ready to use a credit card. + +- If you need money to continue your education, learn about [student loans](https://studentaid.ed.gov/sa/types/loans). This is a complicated topic with many options. Be careful what you do here, since these loans [will be yours](http://blog.credit.com/2015/06/what-happens-if-i-ignore-my-student-loans-84434/) / your parents until they are paid off! People who find themselves [in trouble](http://www.usnews.com/news/articles/2015/06/08/heaviest-college-debt-burdens-fall-on-3-types-of-students) later usually took out bigger loans (~$100,000) vs. smaller loans (~$20,000). + +- For cost-effective education, it's hard to beat [community colleges](http://www.marketwatch.com/story/four-reasons-to-choose-community-college-2013-11-15). If you're not sure what to do about continuing your education, look into [two-year degrees](http://www.payscale.com/college-salary-report/majors-that-pay-you-back/associate), as well as taking credits that [transfer to four-year colleges](http://www.usnews.com/education/blogs/professors-guide/2009/09/16/10-tips-for-transferring-from-community-college). + +- You may find yourself working part-time or even full-time. This is a good time to learn about your [rights and responsibilities](http://www.nolo.com/legal-encyclopedia/employee-rights) as an employee, including [how you are paid](http://money.howstuffworks.com/wage2.htm) and [taxed](https://www.irs.com/articles/understanding-payroll-and-withholding-taxes), as well as what your employer can legally do with your hours and even when you can be let go. Fortunately, taxes are low for most young people (if only because their income is low...), and you may even get a refund if you file taxes! While your lifetime income is the single biggest determinant in your personal finance situation, at this age, your priority is not on current income as much as preparing for the future, thus the focus on education. + +- This is also the time to start learning about [budgeting](https://www.reddit.com/r/personalfinance/wiki/budgeting) if you have significant responsibilities; more on this in future posts. + +- If you want to save money, live with your parents as long as you can. Seriously! But there comes a time when you want to / have to leave, and you'll need to rent a place. Landlords will want to see that [you have income](http://www.myfirstapartment.com/2015/06/how-much-rent-can-i-afford-on-my-income-two-simple-ways-to-estimate/), so try to keep payments below [30% of your takehome pay](http://www.apartmenttherapy.com/how-much-rent-you-can-really-afford-renters-solutions-186462). You may need a co-signer if you have minimal credit history. You'll need first month's rent and a security deposit up front, and even utility deposits sometimes. Read your lease before you sign it, and know your [rights and responsibilities](https://www.ziprealty.com/buy/renters-rights.jsp) as a tenant, and what organizations can help you if you encounter issues. + +- Roommates are a popular way to save money on rent. Be aware of the issues that can come up with roommates though, since circumstances change, and you may be on the hook for their share. Have all roommates on the lease. You might even want a [roommate agreement](http://www.nolo.com/legal-encyclopedia/free-books/renters-rights-book/chapter6-2.html). Perhaps Sheldon Cooper has it right after all? Alternatively, consider renting a room from someone who owns their own house. + +- Aside from rent, cars are the biggest expenditure for many young people. You can save a [lot of money](https://www.nerdwallet.com/blog/loans/total-cost-owning-car/) if you don't need to pay for one! It's not just the purchase cost. There's gas, repairs, and especially [car insurance](https://www.reddit.com/r/personalfinance/wiki/carinsurance), which is [very expensive](http://www.carinsurance.com/Articles/cheapest-minimum-liability-insurance.aspx) for young people, typically at least $100/month, and can even be $200/month in some places, or if you have a tickets / accidents. + +- Your best bet if you do need a car is to save up $5000 or so for a [reliable used car](http://www.carsdirect.com/used-car-buying/best-5-reliable-used-car-models), then pay cash, so you can avoid finance charges and make your own insurance choices. If you do need to finance a car, be very careful of financing offers for young people. Double-digit interest rates are a Bad Thing. You do not want to "build credit" that way! The loan and the car are different things. You can't give back the car and be done with the loan, since you will typically be "[underwater](http://www.edmunds.com/car-buying/being-upside-down.html)" and owe more than the car is worth. + +- Choose your spending wisely. Money spent is unavailable for anything else. Make sure it was your highest priority use of that money. + +That's all for now. Stay tuned for the next installment, [ELI22](https://www.reddit.com/r/personalfinance/comments/4tlqsd/eli22_personal_finance_tips_for_older_young/), about more on these topics, as well as retirement accounts, repaying student loans, health insurance, and other such fun things. +On June 28th my Poloniex account got hacked. Within 2 hours 10 BTC where stolen. + +Since email verification is used for performing withdraws, the hacker could not directly withdraw my money. The hacker used the web interface to do some very loss-making trading, against a second account doing the opposite, and making the profit. + +I have exported the trades, and put them in a [graph](http://imgur.com/a/H9ylE). +One can see the very bad strategy: sell low, buy high... + +I post my story for three reasons: + +* Protect your account well! Use Two factor authentication! As lasy as I am, I didn't do this, too much hassle to grab your phone each time. Despite I don't know how they got my e-mail and password, this would have protected my account, and saved me $25.000! + +* It's very instructive to see how fast you can lose money on a market with a shallow market depth. + +* Try to get Poloniex handle my tickets. As we all know, Poloniex has a hard time handling the user requests. But it is important that Poloniex tracks the counter account making the profit. If the funds are still there, they need to get frozen. + + +PLEASE give this post up-votes to get some pressure on Poloniex to handle my tickets! +Ticket number: #279231 + + +== Update == +Response from poloniex + +We have locked your Poloniex account and have reasons to believe your email address is compromised, please change its password and enable 2FA security on your email provider immediately, the attacker may be able to see this and try to lock you out - please act fast. + +== Update == +Response from poloniex + +You are welcome. We have identified the accounts involved and they have been banned. Unfortunately, as is normally the case in these situations the attackers immediately withdrew the majority of the coins and as these transactions have now left our system and have been confirmed by the blockchain then they are outside our control. We will continue to investigate further and see if we are able to recover any of the coins that were not yet withdrawn. + +I hate posting new threads to shill a coin, but I couldn't resist. + +ECC is an old coin being revived by a very dedicated developer. It has a great community on slack and an active telegram. New website and wallet should be finished on the 26th of this month. + +Great community with lots of upside potential and still only traded on a couple obscure exchanges. Get in on this if you have some money to risk. It's a risky investment but has a lot of potential. + +https://ecc.network +https://coinmarketcap.com/currencies/eccoin/ + +The telegram is ECC. There's also a slack channel as well where the developer communicates regularly. + +Sorry. I typically hate these shill posts, but I just couldn't help myself on this one. It's a great opportunity if you want to take a risk. +I know that no one likes a bear and furthermore people feel connected to this stock since their kids play the game or because it's a video game and it's fun to invest in that stuff but facts over feelings when dealing with money because it has no feelings. So first we have to base our value, the company raised 528 million$ from private sources last year at a valuation of 28 billion dollars. It later went public via direct listing at a base valuation of 32 billion with 40$ stock price only to rise to 77$ and a market cap of 40.56 billion. The problem with this is Microsoft bought Mojang (so essentially the Minecraft IP) for 2.5 billion in late 2014 when they had 38 million in revenue which is relatively nothing compared to RBLX now but when we go back in time to just 2017 it (Rblx) had relatively only 45 million in revenue vs Minecraft's 350 million. Now let's go to last year when Minecraft had a monthly active user base of 130 million players vs Rblx's 150 million. It also had 953 million dollars in revenue but with 253 million in net losses. Now compare that to Minecraft who had a revenue of 415 million which is up significantly from the previous years 375 million and it becomes clear that Roblox is very overvalued. Furthermore to show the point we have another Microsoft purchase, this time of Zenimax Media inc for 7.5 billion $ for properties like TES, DOOM, Fallout, Dishonored, Starfield and many more with a wide variety of studios included like Bethesda, Zenimax, Tango, Arkane (Deathloop), Id and Machine Games . Just in that bundle Doom Eternal (1 game) had revenue of 350 million dollars and Skyrim with lifetime revue of over 620 million. The last showing of this is Sony's purchase of Insomniac in 2018 for 229 million dollars and since then have created 2 games that have raked in more than the initial investment with Spiderman 2018 and Spiderman MM having brought in approximately 250-270 million $ and with another game in the pipeline with Ratchet and Clank A rift in Time. Final note: EA's entire market cap which consists of Madden, Battlefield, Fifa ( yearly releases with micro transactions) and many other titles is at 30 billion, Take Two which owns GTA, Red Dead, NBA 2K and many others and is valued at 20 billion, the thought that Roblox is worth almost more than both these titans combined is insane and nonsensical. + +Edit: **This is my opinion not advice.** To play devils advocate since a lot of people like the stock here you go: Roblox has doubled it's earnings every year since 2017 and had record revenue of almost 950 million this past year. It's player base is also massive and almost doubling every year just like it's revenue. It also has 830 million in the bank right now and can easily grow by going to Asia and or incorporating more adult themes. Now other than the fact that it's trading 40x P/S you have to bet that the game will both keep growing and making profits at the same pace as now which I don't see but here there u go. +I am researching for a page(s) I am building. + +Aim: Deep dive into particular stocks for buying/selling + +Structure: + +Currently I am thinking of incorporating the following ratios: + +1- PE ratio + +2- PEG ratio + +3- Debt-to-Equity + +4- Price-to-Book + +5- Bottom Line + +Other features(planned not executed): + +Volume i.e. if volume spiked and company's ratios are low and upside bias, give alert. + +Reverse volume i.e. if volume spiked with low ratios and downside bias, give a warning. + +Twitter buzz: Collect top xx tweets and check sentiment in general. + +Upcoming Results Date + +Technical Indicator result: Trends over weekly TF. + +Voting option: i.e. allow people to tap BUY/SELL on the page to indicate interest level in a particular stock + +Questions: + +1- Any other ratios that you would like tracked? + +2- Other features which would help to make decisions + +&#x200B; + +Getting some very good insights in the comments. Waiting another 24 hours before making a final list. +My relative filed ITR-2 in September 2020. She is due a refund of more than 1Lakh, but her return is not yet processed. It's showing ITR-V received in status. March 2021 is already here, this AY is ending. Anyone else here /their relative/friends facing the same issue ? +Article : https://www.livemint.com/news/india/how-india-s-growth-bubble-fizzled-out-11574004165054.html + +Reading this article sounds scary. I am wondering how much of it is true. +Most ppl do not think this unicorn exists in the market. Two days ago i was speaking with a former investment banker. Fast forward to the end of the convo: he shit himself when I told him about these parts. Then i told him it was Gamestop. He about died at the bar. Not kidding. He also stilllll doesnt understand crypto and was asking why noone regulated it (Bit and Theri are both regulated by sec). I asked him if they regulated him and his team in 08 or if regulation was just to make ppl think stuff was being watched. He laughed and said touche. Anyways. Merry Xmas. When the “smart money” realizes whats going on 🚀 cuz it is a layup when you look at the data 😂 + +Hedgies are fukd + +Edit: yes the small low interest covid loan from the french gov. Exists but is almost free money. + +He worked for a prime. B. Ohhhhhh Ayyyyy + +Edit 2: Cash, cash equivalents and marketable securities were $1.042 billion at the close of the third quarter + +https://investor.gamestop.com/news-releases/news-release-details/gamestop-reports-third-quarter-fiscal-year-2022-results +[https://www.politico.com/news/2020/03/27/mortgage-system-collapse-coronavirus-pandemic-152338](https://www.politico.com/news/2020/03/27/mortgage-system-collapse-coronavirus-pandemic-152338) + +"**The U.S. mortgage finance system could collapse if the Federal Reserve doesn’t step in with emergency loans to** **offset a coming wave of missed payments from borrowers crippled by the coronavirus pandemic.** + +**Congress did not include relief for the mortgage industry in its $2 trillion** [**rescue package**](https://subscriber.politicopro.com/legislative-compass/bill/US_116_HR_748) **— even as lawmakers required mortgage companies to allow homeowners up to a year's delay in making payments on federally backed loans."** +**TL:DR:** For the apes with the attention span of a meercat on speed. Please consider leaving a helpful review after shopping at GameStop. It's free and helps building a community that greatly benefits both customers and the company itself and directly support sales which of course translates into growth and fundamentals. + +# Intro + +Greetings, apes, investors and customers of GameStop! In this post I will hightlight an often overlooked but oh so important topic when it comes to growing sales - **Product reviews**. I will give a brief rundown of why product reviews are so important, how they help the company succeed and what constitutes a good review. My goal with this post is to educate and show the reader how he/she can support the company in a simple, free and meaningful way. + +Before we get down to business, I want to acknowledge that I'm just a simple ape and this is not my area of expertise and there are probably hundreds of people more knowledgeable than me in this area within this sub alone. As always, I encourage you to elaborate on the topic in the comments or build upon this topic with your own post. + +For the record, I am not affiliated with GameStop in any other capacity than being a shareholder in the company since January 2021 and I'm not trying to sell anything. As always, do your own research and draw your own conclusions. None of this is financial advice. + +# Why are product reviews important? + +Power to the players, right? One power that is often overlooked, but **SHOULD. NOT. BE. UNDERESTIMATED**, is the power to write product reviews. + +So you bought something from your favorite store - maybe the greatest socks you've ever owned or a collectible that you feel is great value for the price? Maybe you want to warn others so that the propeller-powered skateboard doesn't send someone else's grandma to the ER? + +Alright, so what? You got yours, why should you bother spending time on writing a review or care about others, that's their problem, right? + +**WRONG**! At this point, I'm going to assume that if you've read this far, you have an interest in seeing GameStop (or any other store you like) create an unparalleled customer experience that engages and delights customers, which inevitably will help the company attract new customers and help the company grow and succeed amongst the competition. + +"Okay, I'm listening... but how is that connected to me writing a review?". Take a look at the Fig 1. below: + +[Fig 1. Correlation between reviews and orders \(Sauce: https:\/\/blog.shift4shop.com\/blog\/product-reviews-increase-sales\)](https://preview.redd.it/5cm68qpawev71.png?width=905&format=png&auto=webp&s=a72f87ebc133601d29cf22eba11b3c2f36d7fd81) + +That's right, there is a **strong** relationship between the number of reviews and number of orders of a product, and as the figure above clearly shows, the largest effect is achieved with the first review while subsequent reviews have a declining return, but are still highly relevant up into the hundreds. + +&#x200B; + +[Fig 2. Review volume versus utilization \(Sauce: https:\/\/blog.shift4shop.com\/blog\/product-reviews-increase-sales\)](https://preview.redd.it/62lsdlpx1fv71.png?width=587&format=png&auto=webp&s=63fa9c41881587a269b356e54c0317346826d566) + +In Fig 2. we can see the approximate thresholds for reviews and how they can be utilized for different purposes. As you can see, there is still added value of additional reviews even into the hundreds. + +# How does this benefit the company and the customers? + +The following are a selection of benefits and advantages that high-quality product reviews will bring to stakeholders. Since reams have been written about this and can be found all over the internet, I chose to go with a random source that highlights the main points I want to make and that I have subsequently shortened down a bit. (Sauce: [https://www.ecommerce-nation.com/6-benefits-of-customer-reviews-on-your-ecommerce/](https://www.ecommerce-nation.com/6-benefits-of-customer-reviews-on-your-ecommerce/)) + + +* **STIMULATES THE DECISION TO BUY -** One of the main benefits of online customer reviews is that users who visit the online store are more eager to get to the end of the purchase. +* **INCREASES CONFIDENCE IN NEW CUSTOMERS** \- If a product has good ratings or can simply be reviewed, customers tend to rely more on ecommerce. Thus, reviews increase the confidence of new consumers. +* **HELPS BUILD LOYALTY FOR EXISTING CUSTOMERS** \- Building a strong customer community around an online store is no easy task. However, helping these customers interact in the online store will help to build loyalty. +* **IMPROVES SEO (*****Search Engine Optimization*****) POSITIONING OF ECOMMERCE** \- The more text published in online shops, the more options for keywords to appear in other users’ search results. The more keywords distributed throughout the portal, the more visits can be generated. +* **BRINGS CREDIBILITY TO PRODUCTS AND THE COMPANY** \- Credibility is a fundamental basis in ecommerce. + +>Reviews matter because 85% of consumers trust online reviews as much as personal recommendations. (Sauce: [https://www.eventige.com/blog/bigcommerce-product-reviews](https://www.eventige.com/blog/bigcommerce-product-reviews)) + +* K**NOWING WHICH PRODUCT WORKS BEST** \- Adaptive power is important in this respect and even more so when offering products to customers. Knowing at all times which is the product that generates the most interest or the least popular among the customer community, will be essential to adapt the catalog of items offered. + +# What constitutes a well-written review? + +A well-written review should be honest, concise, informative and should *aspire* to be objective (however, a review will always be subjective 😉) . What this means will of course differ between products, there is probably more to say about an expensive bundle than a pair of socks, but you get the gist. Healthy reviews also consist of both positive and negative reviews, utilizing the whole scale. Consider if a product you are happy with is truly 5 stars and couldn't have been any better. On the contrary, if you are unhappy with a product, is it really a 1 star or did you write it in the heat of the moment? + +This cannot be understated; **LEAVE MENTIONS OF GME TO OTHER FORUMS, THEY DO NOT BELONG IN CUSTOMER REVIEWS OF A PRODUCT AND DOES NOT BRING VALUE TO CUSTOMERS OF GAMESTOP AND MIGHT EVEN BE DETRIMENTAL TO THE STORE.** + +Examples of reviews: + +**BAD:** + +* A pair of socks - "To the moon, hedgies r fuk, 5 stars" +* A graphics card - "Does the job, 5 stars" +* A pack of cards - "Hate it, 1 star" + +**GOOD:** + +* A pair of socks - "Very comfortable and durable, this is my third pair of these socks. These are my go to socks on a daily basis. 5 stars" +* A graphics card - "Great price/value in this card, I'm a casual gamer and this card has served me very well. I have no trouble running all new releases on high settings and it looks good in my RGB build. It should be noted however that it's not the most silent card on the market, but it's decent for the price. 4 stars" +* A pack of cards - "I'm very disappointed in this pack of cards. The colors seem to rub off on my fingers if I touch it and the cards themselves would not go in any collection. The price was however very low, so not a huge waste of money. Customer service was great as always and sent me a replacement pack, which I was more than happy with. 2 stars" + +# Final remarks + +If you made it this far, good on you, I really appreciate it. While so much more could be written about this subject, I hope I have been able to give a brief glimpse into the importance of product reviews and inspired **YOU** to play your part in building a great community and helping the company with engagement and data to work with. In this forum alone, there are 650k+ users, and hundreds of thousands of customers of GameStop. Imagine the impact if tens of thousands take a couple of minutes writing a review after a purchase and commenting on their experience. This will help the company immensly and over time transfer into fundamentals which will make GameStop an even greater long-term investment. **POWER TO THE PLAYERS!** +**5 year inflation calculation with the Constantinople issuance reduction to 2 ETH / block** + +The Constantinople hard fork is scheduled to happen sometime before Devcon 4. Let's say it happens just before, on October 30th. There will then be roughly 102,500,000 ETH in existence at the current mining rate. After that the issuance will be 2 ETH per 5760 blocks mined per day = 2 * 5760 * 365 = 4,204,800 ETH per year. Additionally there will be 613,901 ETH per year created in uncle rewards. + +* October 30th 2018 = 102,500,000 ETH +* October 30th 2019 = 107,318,701 ETH +* October 30th 2020 = 112,137,402 ETH + +Currently I believe the most realistic date for the switch to PoS would be sometime in 2020. For this calculation I am using October 2020 as a reasonable estimate. For ETH issuance after PoS, [currently the expected value is 500k of ETH per year](https://ethresear.ch/t/a-simple-and-principled-way-to-compute-rent-fees/1455). + +* October 30th 2021 = 112,637,402 ETH +* October 30th 2022 = 113,137,402 ETH +* October 30th 2023 = 113,637,402 ETH + +So in total over the next 5 years that would make for [average ETH inflation of **2.084% per year**](http://www.wolframalpha.com/input/?i=102,500,000+*+x%5E5+%3D+113,637,402). + +Now compare that to bitcoin, with supply increasing from 17,348,950 on October 30th 2018 to [19,504,475 on October 30th 2023](https://en.bitcoin.it/wiki/Controlled_supply#Projected_Bitcoins_Long_Term) (estimated block number 802429) for an [average BTC inflation of **2.370% per year**](http://www.wolframalpha.com/input/?i=17348950+*+x%5E5+%3D+19504475) over the next 5 years. (This includes the 2020 halvening.) + +**Conclusion: assuming PoS doesn't fail completely, ether inflation rate will be around 10% lower than bitcoin over the next 5 years.** +I don’t want my dad to go back to jail; but at this point, I’m willing to do what I need to do to get MY life back. I have been denied housing, transportation, etc. all because he has opened several accounts in my name. The frustrating part about it is when i dispute these with Equifax, Experian, etc. they don’t believe me for some reason. + +How can I escalate this? My father and I have the same name, except I have an additional middle name…which most of the time, I’m unable to add to the middle name part of applications & such (can only add one initial for the middle name most of the time). + +I’m done letting my dad ruin my life. I want financial flexibility and the peace of mind knowing he will never do this again. I am begging for any and all advice. + +EDIT: I always thought of Reddit as somewhere to go to get people’s “real life” opinions on random topics; video games, favorite 3 topping pizza combo—etc. I never knew that today, I would learn that this is a family. YOU ALL SHOWED OUT TODAY!!! I laughed, I cried, I reminisced, and I sat alone without my phone & did some deep thinking. I want each of you to know how much your input means to me; this post was never supposed to get this type of attention, and while it’s a sad situation, there is comfort in the empathy, love and protection you all have shown me. From the bottom of my heart, I am GRATEFUL for you all. I love you guys. +Hello FatFire. Somewhat active here but posting under a throwaway since there are more #s than I usually give. My numbers are questionably / borderline FAT, but I hope to fatFiRE in 5-10 years at ~5-6MM. + +I am 29M, nw ~2.3 mil, 2 of which is in index funds, the rest is home equity. I am a software engineer(ing manager) in a HCOL area (DC). No debts other than 500k left on a mortgage. + +I am currently golden handcuffed to a post acquisition startup that I joined ~5 years ago as my second job out of school. I made 200k even, with a 25% bonus target. I am set to vest the last tranche of my stock in December, which is worth 200k, and our acquiring company is stable enough that I feel confident it will be that amount +/- 10% unless something crazy happens with the whole market. That said, I hate my job. Life post-acquisition is soul sucking and due to my new role in the larger org, I feel my tech skills are atrophying. Post December, my stock comp will go away completely, so I'm definitely leaving then if not now. + +I have an offer to join a post-series B company that I really love and believe in. That said, I can't help but feel dumb walking away from the easy money of waiting another 7 months. The companies initial offer was 150k, no bonus, 500k of options over 4 years. They're very keen on me starting ASAP, and in an attempt to buy me out of my current role have upped their offer to 175k, with 750k in options over the 4 years. They do bonuses, but weren't able to give me a target. + +I am having trouble evaluating how good (or bad) of a deal the buyout offer is. There's obviously a huge unknown on the option value and I'm taking a light cash haircut, but I believe in the company (as much as one can believe in a series B company that they are a customer of), and don't mind a 10% cash pay gap to do something I truly enjoy. + +Does taking the buyout seem like a prudent move, or would I be a fool to walk away from an easy 200k cash this holiday season. +Co-founders David Siegel and John Overdeck have earned Institutional Investor’s Lifetime Achievement Award for hedge fund management this year. Paul Tudor Jones and Tom Hill dish on the $60 billion quant powerhouse’s early days. + +&#x200B; + +By Stephen Taub + +June 28, 2019 + +The first time hedge fund legend Paul Tudor Jones met quant maven John Overdeck was over a greasy meal of cut-price pepperoni pizza. It was January 2001, and the two were dining at the Pizza Hut in Greenwich, Connecticut — “my Sunday evening go-to restaurant,” according to Jones — to discuss a business plan for a new quantitatively driven hedge fund firm. + +David Siegel, then the chief technology officer of Jones’s firm, Tudor Investment Corp., and Tudor chief operating officer Mark Dalton had been hashing out the plan with Overdeck, then an executive at Amazon... + +(continued at [https://www.institutionalinvestor.com/article/b1g1fp7k736xlv/Inside-the-Geeky-Quirky-and-Wildly-Successful-World-of-Quant-Shop-Two-Sigma](https://www.institutionalinvestor.com/article/b1g1fp7k736xlv/Inside-the-Geeky-Quirky-and-Wildly-Successful-World-of-Quant-Shop-Two-Sigma)) +Over the last 4 paydays (or two months) ive been trying to keep $200 more in my checking account than the previous pay period. Today I broke 2k! I don't even remember the last time I had that amount without a personal loan or payday loan to justify it (to be clear I dont use either anymore.) Official number is 2,111.53. Sadly I do have bills to pay so iy be until next pay period that the money is actually mine. I dunno why I wrote this but I was excited when I checked my account this morning. +So far - + +* 3 year lock in (but still better than all others) + +* potential of equity risk ( but over long term equity doesn't loose) + + +What else? + +- +Edit - + + My final gist is + +1. ELSS as SIP ( so you don't invest on top of the market, ever ) + +2. 50-50 out rs. 1.5 lakhs goes to ELSS and PPF + +3. 3 year lockin is not worth talking about since all others are longer. +I enjoyed the whole banner contest, and then the Lego thing. +I also enjoyed as everything went to gray... but I'd like to see things switch back to color. + +Maybe it is time to switch to an alternate logo/banner as well. The whole crayon cocaine thing has been fun, but I suspect anyone 'new' discovering this sub (and dare say--older) may immediately question their arrival. + +It would be nice to add newer Apes and retail to the cause. +I think some of the banner contest runner ups should get a shot at the top. +Words cannot express the sadness and outrage I'm feeling right now. + +Banks such as HSBC are found guilty of laundering billions of dollars not just for drug users but for violent crime cartels. Billions. Violent crime. And yet not a single exec faces a day of jail time. Charlie Shrem, who sold Bitcoins to someone who helped people buy drugs on Silk Road, has now been sentenced to two years in jail. + +If there was any doubt that we are struggling against an immoral system in dire need of replacement, let this end that doubt. + +Charlie, our hearts and minds are with you, friend. The work continues. + +Most people will have to plan a funeral at some point in their lives, and many will have to pay for one. I think there’s an awareness that funerals are expensive, but unless you’ve gone through it before, I don’t think many people realize what “expensive” really means. I wanted to share information from my recent experience so people can better understand what to expect for when they have to deal with this themselves. + +One of my parents passed away last week and I am currently planning their memorial. I’m working with a funeral home close to where they lived – one I’ve worked with before, who has a good reputation, and is known for fair prices. This is in an MCOL area of the US. (I have no doubt that there’s regional variation in pricing, so your personal experience may vary.) + +In our case, we’ve kept things relatively simple: cremation of the body, and a visitation and memorial service at the funeral home. Despite being “simple,” our total cost for all of this is around $10,000. (For comparison, the last funeral I planned was a bit more complex, and came to around $15,000.) I’m fortunate to be in a position to be able to pay for this with cash on hand, but also know that I have an emergency fund I could draw from if that wasn’t the case. We didn’t have to make any decisions based on cost, but I imagine other families do, which is unfortunate – the last thing you want to be doing when you’re celebrating someone’s life is pinching pennies. + +&nbsp; + +**The Range of Funeral Expenses** + +Here is the price sheet from the funeral home so you can better understand the range of expenses you’ll face: + +&nbsp; + +|Expense|Cost| +:--|:--| +|Basic expenses of funeral director and staff|$ 3,260| +|Embalming|$ 775| +|Embalming of tissue/bone/organ donation cases|$ 860| +|Embalming of autopsy cases|$ 960| +|Sanitary care / refrigeration|$ 495| +|Mortuary pouch|$ 50| +|Brief viewing (up to 30 min, up to 4 people)|$ 95| +|Refrigeration of remains, per day|$ 45| +|Restorative work, cosmetics, grooming, dressing, etc.|$ 320| +|Extended sheltering of remains, per day|$ 45| +|Visitation at funeral home|$ 600| +|Visitation immediately prior to burial|$ 500| +|Private family viewing (1 hour max)|$ 300| +|Visitation at other facility|$ 950| +|Staff for funeral ceremony|$ 800| +|Memorial services at funeral home|$ 600| +|Memorial services at other location|$ 650| +|Graveside service|$ 650| +|Electronic filing of obituary|$ 40| +|Transfer of remains to funeral home|$ 510| +|Funeral coach, hearse|$ 450| +|Service car|$ 250| +|Limo (third party, estimated cost)|$ 370| +|Caskets|$ 895 - 7850| +|Other burial containers|$ 1475 - 4960| +|Acknowledgement cards (25)|$ 7| +|Prayer cards (per 100) (minimum cost)|$ 80| +|Register books (minimum cost)|$ 40| +|Video tribute (30 pictures)|$ 95| +|Additional DVD copies of video tribute|$ 10| +|Urns|$ 250 - 900| +|Flag cases (minimum cost)|$ 90| +|Crucifix (minimum cost)|$ 40| +|Basic stock program (per 100)|$ 125| +|Direct cremation|$ 3620 - 4170| +|Immediate burial|$ 3960 - 4910| +|Receiving remains from another funeral home|$ 3,600| +|Optional graveside funeral service|$ 3,885| +|Forwarding remains to another funeral home|$ 3,900| +|Receiving cremated remains|$ 425| +|Grave liners (may be required by cemetery)|$ 1475 - 4960| +|Cremation containers|$ 125 - 2175| + +&nbsp; + +**Our Funeral Bill** + +As a reminder, we kept things simple: cremation, and a visitation and memorial service at the funeral home. Here’s the breakdown of our costs: + +&nbsp; + + +|Expense|Cost| +:--|:--| +|Basic services of funeral director and staff|$ 3,260| +|Sanitary care / refrigeration|$ 495| +|Restorative work, cosmetics, grooming, dressing, etc.|$ 320| +|Use of facilities and staff for viewing|$ 500| +|Use of facilities and staff for memorial|$ 600| +|Transfer of remains to funeral home|$ 510| +|Transfer of remains to crematorium|$ 450| +|Weekend overtime|$ 200| +|Casket|$ 1,875| +|Register book|$ 40| +|Prayer cards (100)|$ 365| +|Urn|$ 400| +|Cremation fees|$ 355| +|Medical examiner fee|$ 150| +|Sales tax (on prayer cards and register book)|$ 26| + +&nbsp; + +Total funeral home bill: $9,545 + +&nbsp; + +**Some Notes** + +To pre-emptively answer two questions I know will come up: In this state, as in many others, the deceased must be in a rigid container in order to be cremated, hence the cost of a casket. And my surviving parent wanted them dressed for cremation in something other than the hospital gown they died in, hence the fee for “restorative work, cosmetics, grooming, dressing, etc.”. + +Not included are the cost of flowers for the service, and the price of placing the obituary in the newspaper. Many people think obituaries are a free service, but they are not. Our average-length obituary, running just once in the local newspaper, cost about $650. + +I hope this information is helpful to those of you who know that you’ll be dealing with this soon, or who simply want to get a better understanding of expenses that might spring up and need to be paid at some point in the future. +# Daily Wrinkle Brain Think Tank + +Please keep this daily discussion limited to the stocks and $GME - i.e. stock movements, sharing information, peer review, news sharing, asking/answering questions, and so on. + +*Please talk to each other so that people know to take the discussion to the other chat for daily off-topic discussion, and report comments that may need moderator attention. We will make attempts to politely redirect discussion, but will moderate further if necessary.* + +# 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) + +If you see mistakes in the wiki, or need to contact moderators, [please send us a Modmail](https://www.reddit.com/message/compose?to=/r/Superstonk). + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. +Also I lost the 2 days a week my stepmom was watching my 1 year old. And I never got a penny from FL Unemployment, not for lack of trying. + +This was in April. We’re doing better now, but I haven’t spoken to my dad since. +I'm a student and I don't really have a big trading account , I make profits but nothing compared to if I really stuck to one strategy. If there are any students highschool/university , what is your best strategy ? +I'm not trying to start and argument here, I'm just curious if I'm the only one left. + +Sometimes I really [feel like this](http://www.youtube.com/watch?v=tIxVetiqRiA) here on /r/economics... +&#x200B; + +https://preview.redd.it/iprg7srvnc3a1.png?width=1920&format=png&auto=webp&s=6c253462502aee4454bf3bb6e8685681b402df97 + +# It's the last Computershare Megathread of the year, so let's make it count! + +SHARES DIRECT REGISTERED SO FAR: 71.8 MILLION!!!! + +https://i.redd.it/epgniegqah3a1.gif + +# Is there something you need help with? Questions about how to move from various brokers? Wondering what's going on here? Please ask away in the comments! No karma requirements in this thread! + +# Haven't registered your shares yet? Why not? + +[Last Megathread with links to 7 more months of DRS megathreads](https://www.reddit.com/r/Superstonk/comments/yjawq7/drscomputershare_megathread_112022_ira_special/?utm_source=share&utm_medium=web2x&context=3) + +https://preview.redd.it/tfo40yqdnp4a1.png?width=429&format=png&auto=webp&s=5f92c48be2565d6f7d915f2f13f9e191824f7063 + +[https://cda.computershare.com/Content/ee78ba0b-8e6c-4b56-9e2a-7b0aa3355b90](https://cda.computershare.com/Content/ee78ba0b-8e6c-4b56-9e2a-7b0aa3355b90) + +# [Computershare FAQs](https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies) + +**To Contact GME dept in Computershare - 800 522 6645** + +or [https://www-us.computershare.com/Investor/#Contact/Enquiry](https://www-us.computershare.com/Investor/#Contact/Enquiry) + +**International number: 00800-3823-3823** + +If you want to ask questions here but your karma is too low for the sub, DO IT! Automod will remove your message but we will manually approve it for you💜! + +\*If you want to post to add to the bot, [r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/) has no karma requirements\* + +[🎄❄🎄Toys for Tots 🎄❄🎄](https://marinetoysfortots.salsalabs.org/2021marinetoysfortotscrowdfunding/p/VeryGMErryHoliday/index.html) +In our lease we have paid parking. The parking fee is $20 a month. + +I have a tenant who hasn’t paid their rent in two months and thus not paid for parking. Property manager finally got around to towing vehicle. + +The tenant is raising threats of suing for unlawful evection. But we towing in illegally parked car rather than preventing them from accessing their home. + +They came by to pay the $20 parking fee. And My manager informed them that their lease also states that they agreed to apply any payment received to outstanding late fees first, then damages, then rent, then parking fees. + +Thoughts? They have no right to parking written into the lease without paying the parking fee. They did not pay the parking fee so they are parking illegally. +Hi everyone, + + +I need a third opinion. I am 26 years old, Portuguese living in Germany BW. I got to save about 18k in the last 2 years and I am thinking about buying a flat since its hurts me to give away almost 700 euros every month to my landlord. + + +Where I live anything below 200k is only 1 or 1,5 room flats (like a studio basically). If I want 2 or 3 rooms I need to go for about 300k. I actually stumbled across a 3 room apartment that looks great, very central but a bit small (so later on when I have a family I would end up wanting something bigger). For which I just need 25k as an entry. In Germany it is possible to ask for a loan on part of the entry costs as well, which I could do. + + +My doubts are: +\- Is it smart to add part of these entry costs on the loan? +\- I am not 100% sure if I will end up staying in the city where I live right now since my gf is just about to finish her masters and I will finish my PhD in 2 years. Yet, I could always rent this flat afterwards. +Is it smart to buy an apartment if I am not sure if I will leave here on long term? +\- If I end up buying and in 3 - 5 years want to buy something bigger, will I have problems getting a new loan? +\- Should I just wait and invest my savings in ETFs and crypto for the next 3 - 5 years and then buy something? +I've been aiming for this moment for 23 years, where I can board a flight with a one-way ticket and wander the world unburdened by goals or financial commitments. In August I'll finish up my contract, bid farewell to my colleagues and do just that. + +I've managed to get myself into this position by following many of the strategies that you guys talk about on this forum. Starting out with nothing at the age of 21 myself and my wife have spent the last 23 years investing surplus savings and being careful with how we spend money whilst raising a family on a single income. I've been working in IT in New Zealand, Australia & Europe for my entire career and most of that time our household income was around US$80,000/annum. It's been really interesting talking to other people who are the same age as I am, who're in the same industry, who've nearly always earned much more then I have yet who are often still deeply in debt and resigned that will need to keep working well into their 60s. I thought I'd share some of the behaviors and decisions that helped us get to where we are now: + +1. Buying a cheap house early: We bought a pretty ordinary house in the late 90s for US$125k (in New Zealand) and paid it off in four years. For 15 subsequent years the money which we would have spent on the mortgage or rent was invested, giving us a huge head-start. + +2. Tax planning via contracting: I've spent most of my career contracting as a Programmer, Project Manager, Business Analyst etc. Most contracts have been for 6 months on a higher daily rate than a permanent job. Contracting has meant that I've been plan my income across tax years to avoid drifting into high tax rate thresholds. i.e. for many years I'd stop work after 6 months and take the summer off till the next tax year started. Obviously, this isn't the best strategy for simply accumulating money, but it's been a nice lifestyle choice. + +3. Buy and Hold. I've found my only investment regrets have come when I've sold and watched as the value of that investment continued to rise. There are lots of shares on the Australian and NZ share markets that pay higher dividends yields than bank interest rates, so it's pretty hard to lose money in the long-term. As I've grown older I've become much more comfortable with buying some ETF or share then forgetting about it and not stressing about whatever the share price is. + +4. Start a business. I did this about 6 years ago. It wasn't particularly successful financially and had I just continued contracting it would have resulted in much the same return on investment. However, the personal development & leadership opportunities and connections that I realized from being a business owner were life-changing. It's given me a ton of confidence in looking outside IT for whatever I do next. + +So, in just over a month we'll be off to explore this planet with a curious mind and I'll keep myself open to whatever opportunities present themselves. I think that, at 44 years old, FIRE shouldn't be about playing golf or pottering around the home, but instead is an amazing opportunity to escape the daily grind and challenge yourself. Maybe even give back something to the world. We'll see... + + +One of my favorite justifications for spending money on certain things is based on how much time it gets used. For example, a $3000 mattress may sound expensive but is used 6 to 8 hours per day for 5+ years - that feels worth the splurge vs super fancy sneakers can cost $500 but may last only a year max. + +Side note - any good mattress reccs? This group feels like a good one to ask. +I tried to do a 401k rollover between companies over the past several months. Following my company's directions for a 401k rollover, I requested checks from my original 401k management company, they sent them to me, and I sent them on to the new company, Vanguard. The checks were received by Vanguard but they "rejected" the transaction due to missing "Confirmation of after-tax cost basis from prior account". Rather than calling me or notifying me, Vanguard claims to have mailed the checks back to me via USPS Priority mail with no tracking information. The checks never arrived and after many months of going back and forth between the two companies, requesting stop payments and reissue of checks, I was told that the larger check \~$30k was "cleared" on 10/3/22. Vanguard insists that they didn't deposit the checks and that they mailed them to me on 9/16/22. I have a scan of the deposited check, there is no information (that I can discern) re: who cashed the check. Rather than a stamp on the endorsement line it is just a "wet signature" (which is a scribble) and there is a alpha-numeric sequence (TX\_02\_220913\_....) stamped on the bottom of the check - maybe by the bank which deposited the funds. + +I have called each 401k company extensively and neither will help. I have tried to file fraud claims with both of them, I have tried calling the US DOL EBSA, the SEC, I have filed a police report, and I have tried to file a fraud claim with JP Morgan since the check has their name on it and they disbursed funds to someone other than who was named on the check (it was addressed to VFTC Vanguard FBO <my name>). So far no one is helping. EBSA agreed that JP Morgan 'should' be liable, but I have no idea how to get them to correct this issue and restore my money. + +I'm hoping someone would know how I can use the TX\_02\_220913... code on the back of the check to get more information (it looks like this reads as TX: Texas and a date: 9/13/22 but I don't know if that is correct). The location and date in which the check was deposited has big ramifications re: who was in possession of the check at the time (e.g., was it still at Vanguard? or was it stolen from the mail?). +Hello, + +Who has booked artists for private parties/events? + +My Mom is turning 60 in 2 years and she's been obsessed with Tim McGraw for 20 years. Would be cool to book him but A) I have no idea how much it would even cost and B) Where I even begin? + +Who has booked artists for private parties and how much would I even be looking at here? + +I looked it up online and it says he charges $1m however I know a really popular hip hop/rap artist who charges $250k but says online he charges $5m lol So that's definitely not accurate + +This will be funded by the family and I. +So a few months ago, someone I had met in the first few weeks of my first semester at college, had been posting pictures of his MT4 account with his profits, and I was pretty intrigued. I asked him what it was, and he said it was the Forex market, so I wanted to learn more and asked to meet up with him. When we met he was explaining it a little more and told me that he was in this networking trade group called IMarketsLive and went on to offer for me to sign up, upon which I said I wanna do a little research before I sign up for anything. And so I did, and saw a lot of different opinions about IML and the things they do, and I wasn't really attracted to the networking aspect and also did not want to start paying $275 a month just to be in the group. It seemed to me like it was kind of a pyramid scheme, so I turned down the offer but decided to try to learn about the Forex market for free on my own. + +I started doing more research about it in my free time, and eventually I discovered the BabyPips website where you can go through around a 330 lesson course, which goes through a lot of the basics and foundations of Forex trading. I made it through that in about a month and a half or so, and then opened up a demo account with IG. I watch a lot of youtube so more and more videos about forex started popping up in my recommended and have definitely helped along the road. + +One thing I saw is not to have a demo account for too long, so after around a month of having the demo and getting a little profit, I opened a live account with $300 on Oanda. I use their online trading platform and it's alright, there are some things I liked better with IG but that's besides the point. + +I've been trading with lots of 500 units or less so I'm only down about $6, but I feel like I'm kind of stuck. After all the stuff I've read and watched so far, I've come to understand that there are some key things every trader needs to do. From what I've seen, it's + +* develop and backtest a trading plan and follow it strictly +* always use stop losses +* have good risk management +* have balance of technical and fundamental analysis (which I recently realized as I hadn't studied any fundamentals) +* keep a trading journal +* don't over leverage +* have a good trading psychology +* keep it simple +* be patient + +Among a few other things I might be forgetting, I understand these are crucial points to follow to become a successful trader. The only thing is I feel like I've flooded myself with so much information and I really don't know where to go from here. I don't have a trading plan mainly because the best thing I've heard to do is make one that fits my trading style, but simply put I don't know what my trading style is and don't know how to actually construct a usable plan. + +I know many people join the market because of the dream of turning $25 into a million dollars, however I don't have that mindset. Also I know I should focus first on preserving my capital and being consistent rather than focus on getting a lot of money, I just don't know how to do this. I am ready to put more effort into the market, I just don't know where to put it. + +Another thing to note is that for when I am ready and have developed a proper strategy and everything, I have sufficient capital (around $3k) to actually start making some serious profit. (for a 19 y/o!) + +Anyways, if you would like to give any advice, tips, things to avoid, stories, anything - that would be greatly appreciated! + +Thanks for reading👍 + +EDIT: This is my first time using reddit so I can't reply to anything because I don't have enough karma whatever that means. But thanks for your responses, they will definitely help me to start building my own strategy. +Im sry if u find some grammatical errors, english is not my mother language. Let me know and i will fix it. + + +**First of all, look for at least half an hour without interruptions to read this manual.** + + + +This is the system that has created trading professionals. He has done it and today he continues doing it, as it happened with me. + +It is not a system written in any forum, in fact I believe that it has been the first to collect all the ideas and create a structure to follow to carry them out, but these same ideas and procedures have been the ones that the winning traders have used during decades and will continue to use, since they are based on completely objective and real foundations. + + +Let's go to it: + +Hi all. + +It is known that the observation time makes the patterns elucidate, and after some time in the forum and throughout this trading world I have found many patterns in the responses of the people, I have reasoned about them, and I have realized their failures, why they fail to be profitable. + +There are people who have put effort into this. Not all, but there are people who have really read a lot, studied a lot, learned a lot and tried a lot, and even then they are not able to achieve stable profitability. + +The question is: Is there enough in that effort? Is there a specific moment in the line of learning where you start to be profitable? The question is, logically. + +There are traders that generate constant profitability. Hedge funds, investment firms ... and the difference is in areas where people for some reason do not want to invest time. + +Why are there more messages in the strategy forums than in the psychology, journals and fundamental analysis together? + +As human beings, our brain is programmed to look for quick positive responses. In nature, the brain does not understand the concept of long-term investment. There is only a short-term investment made from the difference between what we think will cost us something and what we think it will contribute. If we think that it will cost us more than it can give us, we simply do not feel motivated. It is a simple mechanism. + +The market plays with these mechanisms. There are more scalpers created from the search for that positive emotion than from the search for a scalping system. + +In short, we are not programmed to operate, and there lies the fact that only a huge minority of operators are profitable. + +Among others, I have observed several patterns of behavior that make a **trader fail**, and they are: + +**- Search for immediate pleasure:** The trader wants to feel that he has won on the one hand, and on the other he wants to avoid the feeling of loss. Following this there are many traders who place a very low take profit and a very high stop loss. This is not bad if the probabilities have been reviewed before, the mathematical factor of hope, the relation with the drawdown .. but in the majority of the cases absolutely nothing of statistics is known. There is only that need to win. They win, they win, they win, until one day the odds do their job and the stop loss is touched, returning the account to its origins or leaving it with less money than it started. This does not work. + +**- Search for immediate wealth:** Again it is something immediate. People want good emotions, and we want them already. The vast majority of traders approach this world with fantasies of wealth, women and expensive cars, but do not visualize hard work, +the sickly hard work behind all this. + +From there underlie behaviors like eternally looking for new robots or expert advisors that promise a lot of money, or new systems. The type of trader that has this integrated pattern is characterized by doing nothing more than that. Spend the day looking for +new strategies Of course he never manages to earn constant money. + +**- Think that trading is easy:** Trading is not easy, it is simple. Why? Because when you get the wisdom and experience necessary to find yourself in a state of superior knowledge about the market and effectively make money, it is very simple; +you just have to apply the same equation again and again. However, it is not easy to reach this equation. This equation includes variables such as risk understanding, mathematics, certain characteristics in the personality that must be assimilated +little by little, intelligence, a lot of experience .. + +This is not easy. This is a business, and in fact it is one of the most difficult businesses in the world. It may seem simple to see a series of candles on a screen or perhaps a line, or any type of graphic, but it is not. Behind the screen there are hundreds of +thousands of very intelligent professionals, very disciplined, very educated, very ... + +This business is the most profitable in the world if you know how to carry, since it is based on the concept of compound interest, but it is also one of the most difficult. And I repeat. It's a business, not a game. I think you'll never hear a lawyer say to his boss: "We're going to focus all our time on finding a strategy that ALWAYS makes us win a trial, ALWAYS." What does it sound ridiculous? It sounds to me just as ridiculous for trading. + +But you are not to blame, you have been subconsciously deceived through the +advertising brokers and your own internal desires, to think that this is something easy. + +**- Lack of discipline:** Trading is not something you can do 10 minutes on Monday and 6 on Thursday. This is not a game, and until you get a regular schedule you can not start earning money. There are people who open a graph one day for 5 minutes, then return to their normal life and then one week returns to look at it for other minutes. + +Trading should not be treated as a hobby. If you want to win "some money" I advise you not even to get in, because you will end up losing something or a lot of money. You have to think if you really want trading to be part of your life. It's like when you meet a girl and you want to get married. Do you really want to get into this with all the consequences? Because otherwise it will not work. + +Visualize the hard work behind this. Candle nights, frustrations, several hundred dollars lost (at the beginning) .. enter the world of trading with a really deep reason, if you lose a time and money that no one will return, and both things are finite! + +**- Know something and pretend to know everything:** Making money in the markets is not based on painting the graph as a child a paper with crayon wax and pretend to make money. + +It is not based on drawing lines or circles, or squares. It is based on understanding the operation +of all these tools, the background of the why of the tools of trading. + +A trend line only marks the cycle of a wave within a longer time frame, within a longer time frame, and so on indefinitely. In turn, this wave is divided into waves with a specific behavior, divided into smaller waves and +Etcetera, and understanding that dynamic is fundamental to winning. + +**It is not the fact of drawing a line. That can be done by an 8 year old boy. It is the fact of UNDERSTANDING why.** + +There are traders who read two technical analysis books and a delta analysis book and believe that they are professionals, but do they really understand the behavior of the market? The answer is in their portfolios. + +------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- + + +After this explanation that only 10% will have read, I will try to detail step by step something that is 90% yearning, and that will have quickly turned the scroll of your mouse to find the solution to all your problems while supporting the beer in a book of " become rich ", rotten by lack of use. + +These steps must be carried out one by one, starting with the first, fulfilling it, moving on to the second, successively and growing. If steps are taken for granted, or not fully met, it simply will not work. + +------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- + + +*I know this will happen and the person who did it will think "Bah, this does not work." and you will return to your top strategy search routine.* + +That said, let start: + + +**1º Create a REAL account with 50 dollars approximately:** + +_ Forget the demo accounts. They are a utopia, they do not work. There is infinite liquidity, without emotions and without slipagge. + +These things will change when we enter the real market, and the most experienced person in the world will notice a sharp drop in their +profitability when it happens to real accounts. + +And not only using a demo account has disadvantages, but using a real one has advantages. + +We will have a real slipagge with real liquidity. Real requotes and more. The most important: We will work our emotions at the same time. Because yes, we will lose or win a couple of cents, but that has a subconscious impact of loss. + +This means that we will begin to expand our comfort zone from the start. + +Using a demo account is simply a disadvantage. + +**2º Buy a newspaper in the stationery or in Chinese (optional), or write one online or in Word:** + +A newspaper will be of GREAT help. You can not imagine, for those of you who do not have one, how a newspaper can exponentiate our learning curve. It is simply absurd not to have a diary. It's like taking a ticket of 5 instead of one of 100. + +In this diary we will write down observations that we make about the operations that we will carry out in points that I will explain later of this same manual. + +We will divide the newspaper into 2 parts: + + +* 1 part: The operation itself. We will write the reasons for each operation. The why we have done it. + +* 2 part: How we feel. We will unburden ourselves without explaining how we feel, what our intuition tells us about that particular operation and so on. + + +How to use: + +We will read the newspaper once a week, thinking about the emotions we felt each day and in what situations, and the reasons. + +Soon, we will begin to realize that we have certain patterns in the way we feel and operate, and we will have the ability to change them. + +We can also learn from mistakes that we make, and keep them always in a diary. + +**3º Look for a strategy that has the following characteristics:** + +- Make it SIMPLE. Nothing of 4 or more indicators or the colors of the gay flag drawn on the graph based on 1000 lines. Why? Because there is always an initial enthusiasm and maybe we can follow a complex strategy for a week, but burned that motivation, saturates us and +we will leave it aside. + +Therefore, the strategy must be simple. If we use metatrader, the default indicators work. No macd's no-lag and similar tools. That does not lead anywhere. And if you do not believe it, I'll tell you that in all areas of life comes marketing. In addition to trading towards MMA and now I do powerlifts, and there are 1000 exercises to do. However, the classics are still working and work very well. It seems that sellers of strange sports equipment do not share the same opinion, that the only thing they want is to sell! + +**4º Understand the strategy:** + +- We must gut each process of the strategy and reason about it. What does this indicator do? What does this process? Why this and not another? Why this exit ?. Some strategies will be based on unspecified outputs. This does not suppose any problem because as we get experience in that specific strategy, we will remember situations that have occurred, we will see situations that are repeated (patterns) and we will be able to find better starts and entrances. Everything is in our hands. + +**5° Collect essential statistical information:** + +- This part is FUNDAMENTAL, and no operator can have as much security in itself when operating as if it uses a strategy that has at least positive mathematical hope and an acceptable drawdown. + +* Step 1: To carry out this collection of information you need to test the strategy for at least 100 signals. Yes, 100 signals. + +Assuming it is an intraday strategy and we do an operation per day, it will take us 100 days (3 months and 10 days approx) to carry out the study. Logically these figures can change depending on the number of operations that we make up to date with the strategy. + +I have no doubt that after reading this manual we will go for a quick strategy of scalpers, with 100 signals every 10 minutes where the seller comes out with a big smile in his promotional video. + +I personally recommend a system of maximum 2 daily operations to start, but this point is personal. + +Is it a long time? Go! It turns out that a college student of average intelligence takes 6 years to finish a career. It takes 6 years just to train, and there are even more races. This does not guarantee any profitability, and in any case most of +Sometimes it will get a static return and not based on compound interest. I can never aspire to more. + +The market offers compound profitability, there will be no bosses, nor schedules that we do not impose. We will always have work, and we can earn a lot more money than most people with careers or masters. Is it a long time? I do not think so. + +As I was saying, we will test the strategy 100 times with our REAL account that we created in step 1. Did you decide to use a demo account? Better look for another manual; This has to be something serious. They are 100 dollars and will be the best investment of all in your career as a trader. + +* Step 2: Once with the report of the 100 strategies in hand, we will collect the following information: + +- How many times have we won and how many lost. Afterwards, we will find the percentage of correct answers. +- How much have we won and how much have we lost? Afterwards, we will find the average profit and the average loss. + +* Step 3: With this information we will complete the mathematical hope formula: + +(1 + average profit / average loss) * (percentage of correct answers / 100) -1 + +Example: + +- Of the 100 operations there are 50 winners and 50 losers, then the success rate is 50%. + +- Our average profit is 20 dollars and our average loss is 10 dollars. + +Filling the formula: + +(1 + 20/10) * (50/100) -1 + +(1 + 2) * (0,5) -1 + +3 * 0.5 - 1 + +1,5 - 1 = 0,5 + +In this example the mathematical expectation is 0.5. It is POSITIVE, because it is greater than 0. From 0, we will know that this strategy will make us earn money over time ALWAYS we respect the strategy. + +If after a few days we modify it, then we will have to find this equation again with another 100 different operations. Easy? +A result of "0" would mean that this strategy does not win or lose, but in the long run we would LOSE due to the spread and other random factors. + +You have to try to find a strategy that, once this study is done, the result of your mathematical hope is greater than 0.2 as MINIMUM. + +Finding this formula will also give a curious fact. The greater the take profit in relation to the stop loss, as a general rule more positive will be our mathematical hope. This has given many pages of discursiones about whether to place take profit> stop loss or vice versa. + +If our stop was larger than the take profit, then the other ratio (% earned /% lost) should be yes or yes positive. + +But this is just curiosities. + +let's keep going: + +* 6° Expand our comfort zone: + +We will not be able to work with operations of 10 million dollars overnight, but we can progressively condition ourselves to that path. + +Assuming all of the above, and with a real account, some experience in the 3 months of information gathering and a positive mathematical hope, we are ready to operate in real with some consistency. But how to carry it out? + +The comfort zone is the psychological limits we have before feeling fear or emotional tension. When we get into a fight, we have left our comfort zone and we feel tension, unless we have a psychopathic disorder. + +Every time we lean out onto a 300-meter balcony from a skyscraper, we move away from the comfort zone. Every time we speak to a depampanante woman, we move away from our comfort zone. + +Our brain creates a comfort zone to differentiate what we usually do and is not substantially dangerous, from the unknown and potentially dangerous to our survival or reproduction. And whenever the brain interprets that these two aspects are in danger, we will feel negative emotions like fear, disgust, loneliness, fury, etcetera. + +This topic is much more profound and you would have to read several volumes of evolutionism to understand the why of each thing. The only thing that interests us here is the "what", and the one, that is, that there is a certain comfort zone that must be expanded without any problems. + +With trading, exactly the same thing happens. The forex market is a virtual environment in which we lose or gain things, but our brain does not differentiate between reality and what is not, it only attends to stimuli of a certain type. + +We can lose food in the middle of the forest or also a crude oil operation. + +Our goal is to condition our subconscious so that it is progressively accepting lost and small benefits, and as time goes by, bigger. + +**The exercise to achieve this is the following:** + +- We will operate on that account of 100 dollars with our mathematically positive strategy for 3 more months. + +- After these three months, our account should have benefits, because of the mathematically positive strategy. + +- We will enter 200 dollars more and we will operate a month more raising the lots according to our risk management (I do not advise that +the risk is greater than 2%) + +At this point, I know how hard it is to resign myself to impatience, but follow those times and do not skip it even if you feel safe, but you will fail, it's simple. + +Let's keep going: + +- After that month, we will raise our capital again with a new income. This time we will enter 1000 dollars (save if you do not have 1000 dollars loose, you will recover later on, do you want to make money, enter 1000 dollars. + +We will test the operation one month with this new injection. We probably notice difficulties. More blockages, more euphoria when winning ... how will we know when to move on to the next entry? When we do not feel ANYTHING or at most something very shallow, when +win or lose If observing the wall and operating is for you the same from an emotional point of view, it is time to enter more money. + +- We will follow this procedure until we have a basic account of 21000 dollars. The amounts to be paid will depend on our ability to not feel emotions, a capacity that will be taking over time. + +We will raise capital until we feel that we block too much. In that case we will drawdown to a more acceptable amount, and we will continue at that level until +get discipline and lack of reactivity at that level. Later, we will go up. + +- If we want to earn more money, we will continue entering and entering. Always following the conditioning scheme of 1 month. + +**Why a month?** + +A study conducted in the United States revealed that the subconscious needs an average of 28 days to create new habits or eliminate old habits. Emotional reactions are part of the habits. If we maintain some pressure of any emotion during the opportune time, in this case 28 days, will create tolerance and the subconscious will need a more intense version of the stimulus to activate. + +AND THAT'S ALL! + +Follow these steps and you will triumph. Here is the golden chalice, the tomb of Jesus or whatever you want to call it. There is no more mystery in the world of trading. This system will accompany you during the next year, year and a half. It's the one I used and it WORKS. Once done, you will have a very profitable system integrated into your being, since not only will it be mathematically viable, but you will also have the necessary experience to make it infinitely more profitable yet. + +In addition, you will have psychology fully worked on a professional level to have conditioned your subconscious gradually. + + +Happy trading to all of u guys.- +This is nuts. All the more reason to make paying off debt and saving for retirement priority numero uno and teach your kids how to avoid student loans. https://finance.yahoo.com/news/today-s-college-graduates-might-not-retire-till-age-75-131755426.html + + +***KAI Lab R&D, Development And Delivery Of KAI Saliva At-Home Test Kit Program, Along With Tripling Of KAI Lab Facility, Proves Valuable By Providing Empower With Ability To Bid and Accommodate Successful RFPs*** + +**VANCOUVER, BC / ACCESSWIRE / March 24, 2021 / EMPOWER CLINICS INC. (CBDT:CSE) (8EC:Frankfurt) (EPWCF:OTCQB)** ("**Empower**" or the "**Company**") an integrated healthcare company - serving patients through medical centers, telemedicine platforms and a high complexity medical diagnostics laboratory processing thousands of COVID-19 specimens, is pleased to announce the submission of bids on 5 significant US Federal Government Requests For Proposal ("RFP" or "RFPs") to test in excess of 50,000 Federal employees using the Company's KAI Medical COVID-19 Saliva Test ("KAI Saliva"). KAI Saliva is an FDA EUA authorized Saliva COVID-19 RT-PCR Test. + +In addition, RPF bids for over 10,000 of the approximate 50,000 employees are for ongoing testing, representing potential for significant recurring test revenues. + +**RFP BIDS INCLUDE FDA ITSELF, AIRPORT, SCHOOLS AND OTHER FACILITIES ACROSS THE COUNTRY** + +Empower has submitted US Government RFP bids for the following groups: + +**1. FDA - Food & Drug Administration** + +* All Employees and contractors nationwide +* Kai Saliva at-home test kit program +* In excess of 38,000 kits required + +**2. Hanover County, Virginia Government** + +* Public Schools +* Regional Jail +* Regional Library +* 5,000 employees - Ongoing Testing +* Kai Saliva at-home test kit program +* Rapid antigen testing kits + +**3. Scranton, Pennsylvania Airport** + +Onsite testing facility for: + +* RT-PCR testing +* Rapid Testing +* Saliva RT-PCR testing +* Ongoing testing + +4. **Alameda County, California** + +* 3,100 employees and contractors - ongoing testing +* Kai Saliva at-home test kit program + +5. **Durham County, North Carolina** + +* 2,000 employees and contractors - ongoing testing +* Kai Saliva at-home test kit program + +**RFP'S STEM FROM BIDEN ADMINISTRATION TO INVEST MORE THAN $12 BILLION TO EXPAND COVID-19 TESTING** + +These measures are part of President Biden's strategy to increase COVID-19 testing nationwide as vaccinations increase. + +As part of President Biden's National Strategy for the COVID-19 Response and Pandemic Preparedness, the U.S. Department of Health and Human Services (HHS) will invest $10 billion from the American Rescue Plan to ramp up screening testing to help schools reopen, $2.25 billion to scale up testing in underserved populations, and provide new guidance on asymptomatic screening testing in schools, workplaces, and congregate settings. + +Empower Clinics is ideally positioned with the right products. + +**KAI LAB AND KAI SALIVA COVID-19 PCR TEST COMPETITIVE ADVANTAGES IN RFP BIDS** + +Empower's KAI Medical COVID-19 Saliva Test ("KAI Saliva") is an FDA EUA authorized Saliva COVID-19 RT-PCR Test that includes the following meaningful competitive advantages + +* KAI Salvia is an at-home based, self-administered COVID-19 RT-PCR saliva test kit that is easily accessed and self-administered. Visit [www.kaitests.com](https://pr.report/F5wGgden) +* KAI Saliva provides travelers, both foreign and domestic with a simple, fully compliant method to obtain an RT-PCR test and test result prior to arriving or coming back into the United States or arriving in other countries that have strict executive travel orders. +* KAI Saliva can provide major airlines and the tourism sector with the ability to provide solutions for travelers by making a KAI Saliva test as part of the ticketing purchase, the check-in process, in a kiosk, or on an e-commerce website. +* As a result of continued rapid growth in 2021, Empower announced ["Doubling KAI Medical Laboratory In Anticipation Of Test Volumes By End Of Q1." ](https://pr.report/d9M6FkSx)The Company then revised this planned expansion upwards on February 16th when it announced ["KAI Laboratory Now Tripling in Size in Anticipation of Test Volumes by End of Q1."](https://pr.report/jKI3DqhS) + +As a result of these competitive advantages, Empower believes the integrated solution of KAI Lab and KAI Saliva makes for a very strong offering. + +"Our decision to triple the size of Kai Labs was in anticipation of positioning Kai Labs for growth and to be able bid on many significant U.S. Government contracts that are being awarded" said Steven McAuley, Chairman & CEO. "With investment in R&D and having substantial working capital available, I believe Kai Labs is deserving of national attention and has as a real opportunity to win these type of bids. Our new Kai Saliva test kit is in high demand and we are seeing more and more bids specifically requesting saliva-based COVID-19 testing products." + +This press release is available on the Empower Clinics Verified Forum on AGORACOM for shareholder discussion, questions and engagement with management [https://agoracom.com/ir/EmpowerClinics](https://pr.report/gmUjzqH6) + +[https://finance.yahoo.com/news/empower-clinics-kai-medical-laboratory-073000076.html](https://finance.yahoo.com/news/empower-clinics-kai-medical-laboratory-073000076.html) +Mine is Score Media and Gaming Inc (TSE: SCR) (OTCMKTS: TSCRF). Rational: [https://www.bnnbloomberg.ca/trudeau-government-moves-to-legalize-single-event-sports-betting-1.1528191](https://www.bnnbloomberg.ca/trudeau-government-moves-to-legalize-single-event-sports-betting-1.1528191) + +Would love to hear your guys picks and reasoning? +CO2 Gro Inc (TSXV) [GROW](https://finance.yahoo.com/chart/GROW.V#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-) + +Share Price: 31.0 cents at the time of writing Feb 2. + +Market Cap \~24Million + +Shares Outstanding \~80 million shares + +Trading near 52Week High. + +Sector: Basic Materials + +Industry: Agriculture + +[https://www.co2delivery.ca/](https://www.co2delivery.ca/) + +[https://www.co2gro.ca/](https://www.co2gro.ca/) + +TLDR: Patented CO2 infusion and delivery technology to help INCREASE grower Yields, FASTER, reduce costs , block pathogen growth. The tech works, slowly building a customer base, they spent 2018-2020 building the companies foundation for growth. 2021 ready to rock. + +This is a long play, Don’t expect quick returns right away, but it’s primed and ready to go. When the catalyst start to come it will move quickly the building blocks are there. They have small revenue at this moment but they are basically early revenue in the grand scheme of things. They basically spent 2018-2020 pivoting and building the company. I expect significant returns in 2021 as large trials initiated in 2020 will complete in 2021 then are expected to convert to sales, and we should see some swift movement up from the current SP. I predict this as a 10 bag potential within the next few years and you should some significant returns later this year. + +**Some TA** + +The d[aily volume has risen](https://www.stockwatch.com/Quote/Detail?C:GROW&snapshot=SX) from \~80k (all exchanges) a day to 300k /day over the last month as positive news has started to roll in. They broke above 20 cent resistance, and they are finding support and resistance 30ths right now. **On a monthly chart the MACD crossed over** which has not happened since 2017.(ignore the charts < 2017, the company pivoted) . It’s trending within the Bollinger bands range on the monthly time frame, but is over extended on the weekly daily charts due to recent news releases, , however there is some sideways consolidation happening that will keep it within range. + +**What they do:** + +They have a patented system that has the potential to revolutionize the Agriculture industry. Their system infuses CO2 into water and can deliver it to plants via foliar spray. Sounds simple right? But nobody else is doing it, and nobody else can do it, they have the patents. + +The tried and tested method to use CO2 in a Greenhouse is to gas a room with Co2 to allow plants to absorb CO2 to increase yields. + +The drawbacks of the traditional method are many. A couple are + +* A greenhouse has to be sealed to use CO2 gas, sealed greenhouses are expensive +* A greenhouse that needs to vent frequently (such as hot climates) cannot gas a room with CO2 +* A large amount of CO2 is required to gas a room, but only a fraction of it is absorbed by the plants +* The amount of CO2 to used to gas a room is hazardous for humans working in the room +* This method cannot be used outdoors + +Their system is not limited to these drawbacks. + +They have spent the last few years in startup mode. They were in a different business and found a better use for the infusion technology they already had. They pivoted in late 2017, conducted scientific research in 2018, built strategic partnerships, developed a marketing strategy and sought regulatory approvals in 2019. They are now starting to see the fruits of their work with new client announcements rolling in, and momentum has started to build in 2020 despite the pandemic. I expect to start paying off in 2021 and beyond. + +* Increases grower yields, and reduces costs on the amount of CO2 that would traditionally be used to fill a room with co2. +* reduced usage of co2 (up to 90% less) it is an eco / green friendly solution. +* It can be used in applications where traditional CO2 gassing wont work e.g hot climates that need to frequently vent the hot air out of a greenhouse cannot contain CO2. +* It can be used outdoors as it’s infused in water +* a huge unintended benefit was found that because of the fluctuating PH balance that the co2 dosing gives they can control and prevent pathogen growth e.g bacteria, mold , etc + +**Other Highlights** + +* New technology that can revolutionize the agriculture industry, multiple applications from vegetables to cannabis to Flowers . +* There are patents that have been filed to protect the application. +* They have demonstrated some very strategic play’s such as management appointments, marketing agreements across the globe , and solid scientific research. +* Found a strategic investor Ospraie Ag Science [https://www.ospraieagscience.com/](https://www.ospraieagscience.com/) that was able to inject 1.38 Million cash to keep operations going. +* Management is NOT taking a salary until they are cash positive. +* 25% ownership by management +* If cannabis is legalized in the US at a federal level, it opens the door for the company to operate with additional cannabis growers. +* 2017 was a pivot year they sold off their old business +* 2018 they completed a number of scientific research studies. +* 2019 They focused on marketing and expanding their sales reach, they discovered it would take more effort to break into this market of tried and tested methods. +* 2020 despite the pandemic , they were able to get several trials initiated with sales rolling in Q4, they were also able to get a much needed cash infusion of 1.38 million from a very strategic partner for a 10% ownership stake. + +**Start up Pains** + +They have had a rough start , they tried to position themselves to leverage the Canadian cannabis legalization boom. However health canada clarification took longer than expected and by the time they got what they needed they missed out. (they are ready for the USA should federal legalization come) They also took a while to find their niche, as some target opportunities did not work out. I.e Michigan flower trial did increase yields but the flower industry is timed such that they can have crops for special events. Some growers who are already heavily invested in sealed greenhouses may have a longer ROI , than say a grower who is unable to use CO2 presently. + +They had a huge spike up after they announced a couple of contracts in late 2018, it was expected that they figured everything out and contracts would just roll in. This didn't happen. Alpha North asset management closed out their position of \~4 million shares to take profits, as their fund in general was underperforming at the time and Gro was keeping them afloat, this coupled with the struggle to get sales going and revenue kept the share price low throughout 2019 and 2020. Cash flow was a concern, they were lean and operational costs were low but still they were running out of cash. That is until they found a strategic investment from Ospraie Ag Science in Aug 2020, to the tune of 1.38 million with an additional 10 million shares in warrants that can be exercised. + +* Sales for large grow operations looks like it can take 6\~12 months based upon trials. On the flip side we have seen a few NR’s with sales without trials . +* The target market is rooted in tried and tested methods . I.e it’s taking significantly longer to break into the market. Once momentum gets going this will be a non issue. +* Revenue model: It’s unknown how much the systems sell for as they don’t want to publicize a pricing model that will change based on many factors. We do know its priced per square footage. They offer leasing on the hardware and we do know that there is a licensing cost associated and maintenance contracts available that should bring in a recurring revenue model. They were initially targeting a pure recurring revenue model but had to shift to break into the market. Until we start seeing real revenue coming in we can start getting an understanding of what we can expect. And this will be the biggest catalyst for the SP . +* There was mention of litigation at one point with use to license but not sure where that stands. +* Liquidity is low, but it seems that volume is starting to pick up . + +**My Opinion** + +It is my view that this company has flown under the radar because they needed to prove themselves to the market The science is sound, the research studies are there but the industry needs proof, via proven results. It will be a snowball effect the small clients they are starting to build now will help showcase the tech. + +It took a lot longer to get through those startup pains but I feel they are at a pivotal point now. We can see that they have built a solid foundation and potential clients (trials) that started in 2020 will see fruition this year. + +It was a frustrating ride as a long term shareholder expecting better returns by now . However startup pains are real. Now as I look back I see the bigger picture. You can see they made key strategic moves bringing in the right people and extending their marketing reach, they also figured out their niche. I still feel it’s the right play, and writing this DD helped me affirm that. + +I wanted an investment that I felt could get me 10X returns but without huge risk something where I could sleep soundly if it took a dip (which it did) . I believed in science that was presented, again, I'm no agriculture expert. But as an investor, I felt based on the potential that this tech can offer to the agricultural industry. It’s revolutionary. I underestimated however, how long it would take to get going. + +It’s my belief that it’s severely undervalued, but it's poised to pop. Once you take a step back and look at the strategic moves they have made in the previous years in terms of marketing and client development. They just need that key catalyst i.e. proven revenue. Once the large trials that started in 2020 wrap up we will expect those to convert to revenue. I also believe that they wouldn't have received the cash injection from Ospraie Ag Science of 1.38 million if the revenue model to move forward did not look good. + +The management proved they were still able to move forward despite the pandemic, they are still committed to the company as shown by not taking a salary, a key factor that’s kept me invested so far. + +It appears they are starting to get sales without the need for trials from small growers, and larger grower operations with bigger revenue potentials require trials. If you look at the releases below you can get a sense of what the company has done. The many opportunities that started in 2020 that should pay off in 2021. The news from the 2nd half of 2020 and Q1 of 2021 thus far shows that they are gaining momentum. + +Disclaimer: I own shares of CO2 Gro, I am not an agricultural expert. I am not a financial expert. This is my opinion. + +**Company History and Key Press Releases** + +The before times : 2013 < 2017 . The company was in the [Shrimp Oil](https://money.tmx.com/en/quote/GROW/news/78223054/BlueOcean_NutraSciences_Commences_Commercialization_of_Worlds_First_Omega3_Shrimp_Oil_Products) and then the [Algee ](https://money.tmx.com/en/quote/GROW/news/7941976847778688/BlueOcean_NutraSciences_CO2_Gas_Infusion_Team_in_Place_to_Accelerate_Cannabis_Algae_Growth)business. In 2017 they announced a [pivot ](https://money.tmx.com/en/quote/GROW/news/7941976847778688/BlueOcean_NutraSciences_CO2_Gas_Infusion_Team_in_Place_to_Accelerate_Cannabis_Algae_Growth)to explore plant growth with the CO2 infusion tech created by John Archibald and team. They [sold off the shrimp oil business](https://money.tmx.com/en/quote/GROW/news/7723649280541833/BlueOcean_Announces_Sale_of_its_Shrimp_Oil_Business_and_CO2_Grow_Solutions_Focus_on_Food_and_Cannabis) as and transitioned leadership in 2017 [\[1\]](https://money.tmx.com/en/quote/GROW/news/7066181689590572/BlueOcean_Announces_CEO_Transition)[ \[2\] ](https://money.tmx.com/en/quote/GROW/news/8213817119522523/BlueOcean_NutraSciences_Inc_Announces_Changes_to_Management) + +**2018** + +Feb 2018 They were selected as a [TSX Venture top 50 for 2017](https://money.tmx.com/en/quote/GROW/news/7030140160963004/BlueOcean_NutraSciences_Inc_Announces_Selection_to_TSXV_Top_50_for_2017) + +March 2018 [Name Change](https://money.tmx.com/en/quote/GROW/news/5843097753383938/BlueOcean_NutraSciences_IncCO2GRO_Inc_Corporate_Update_and_Name_Change) from Blueoceans Nutrasceiences to Co2 Grow + +May 2018 [Approved for LP Usage ](https://money.tmx.com/en/quote/GROW/news/5358882339849875/CO2_GRO_Inc_Announces_Progress_Steps_For_Cannabis_LPs_to_Use_CO2_Foliar_Spray) + +June 2018 [Results form Lettice Study ](https://money.tmx.com/en/quote/GROW/news/9002033231476475/Scientific_Proof_of_CO2_GROs_Dissolved_CO2_Foliar_Spray_Plant_Benefits_On_Lettuce) + +Jun 2018 [Announces benefits non Greenhouse - Outdoor use](https://money.tmx.com/en/quote/GROW/news/6992515510073759/CO2_GROs_Dissolved_CO2_Foliar_Spray_For_Outdoor_Plants_Includes_Cannabis) + +July 2018[ Additional Results form Lettuce Study ](https://money.tmx.com/en/quote/GROW/news/8424306277638132/St_Cloud_University_Measures_EightFold_Increase_in_CO2_Transfer_To_Plants_Using_CO2_GROs_CO2_Foliar_Spray_Technology) + +July 2018 [Cannabis Trial - 45% increase in value ](https://money.tmx.com/en/quote/GROW/news/6730375439279622/CO2_GRO_Announces_45_Increased_Commercial_Cannabis_Bud_Value) + +Aug 2018 [Cannabis Trial - 60% increase in value 75 % increase in THC ](https://money.tmx.com/en/quote/GROW/news/4618787182487305/CO2_GROs_Second_Cannabis_Trial_Yields_a_60_Increase_In_Bud_Value_and_a_75_Increase_In_THC) + +Sept 2018 [Engagement in additional scientific reviews](https://money.tmx.com/en/quote/GROW/news/5706657753444253/CO2_GRO_Inc_Engages_a_Senior_Scientist_in_a_Shares_for_Service_Agreement) + +Sept 2018 [Additional Scientific results ](https://money.tmx.com/en/quote/GROW/news/5772456004562234/CO2_GRO_Inc_Provides_Additional_Evidence_of_the_Significant_Benefits_of_CO2_Foliar_Spray_versus_CO2_Gassing) + +Oct 2018 [Cannabis Trial Results -74 % increase in value ](https://money.tmx.com/en/quote/GROW/news/7300879905017036/CO2_GRO_Announces_74_Increased_Commercial_Cannabis_Bud_Value) + +Oct 2018 [Flower Trials](https://money.tmx.com/en/quote/GROW/news/7463529595798531/CO2_GRO_Announces_Positive_Michigan_Flower_Grow_Trials_Using_CO2_Foliar_Spray_Technology) Results + +Nov 2019 [Pepper Trial Results ](https://money.tmx.com/en/quote/GROW/news/5194757702916078/CO2_GRO_Inc_Announces_Two_Positive_Pepper_Grow_Trials_Using_CO2_Foliar_Spray_Technology) + +Dec 2018 - [Discovered that the tech reduces pathogens from developing ](https://money.tmx.com/en/quote/GROW/news/8849741275664526/CO2_GRO_Announces_Dramatic_Improvement_in_Resistance_to_Pathogens_and_Pests_from_Employing_CO2_Foliar_Spray) + +Dec 2018 [First Sale ](https://money.tmx.com/en/quote/GROW/news/7989052515759236/CO2_GRO_Announces_the_Signing_of_Its_First_Commercial_Agreement) + +**2019** + +Feb 2019 [Pathogen results from Cannabis ](https://money.tmx.com/en/quote/GROW/news/5161185918561800/CO2_GRO_Announces_Dramatic_Pathogen_Reduction_Results_Using_CO2_Foliar_Spray_on_Cannabis) + +April 2019 [Key Board Member appointment ](https://money.tmx.com/en/quote/GROW/news/7343950393880533/CO2_GRO_Inc_Announces_the_Appointment_of_Rose_Marie_Gage_to_its_Board) + +June 2019[ Corp Update - Second Sale ](https://money.tmx.com/en/quote/GROW/news/6402342363174989/CO2_GRO_Inc_Provides_a_Corporate_Update) + +July 2019 [Chief Science Officer](https://money.tmx.com/en/quote/GROW/news/8852156789488071/Co2_GRO_Inc_Announces_the_Appointment_of_Dr_Matthew_Julius_as_Chief_Science_Officer) + +Sept 2019 [Patent Application ](https://money.tmx.com/en/quote/GROW/news/4835090457114379/CO2_GRO_Inc_Files_for_Two_Further_Patents_to_Strengthen_its_Patent_Portfolio_Surrounding_CO2_Delivery_Solutions) + +Sep 2019 [Flower Trial ](https://money.tmx.com/en/quote/GROW/news/5422705079450360/CO2_GRO_Inc_Begins_Its_First_Commercial_Floriculture_Demonstration_in_Canada) + +Sept 2019 [Tobacco Trial Results ](https://money.tmx.com/en/quote/GROW/news/5193673367841194/CO2_GRO_Inc_Announces_Positive_Tobacco_Grow_Trial_Results_for_a_Biopharma_Company) + +Dec 2019 [Cannabis Trial ](https://money.tmx.com/en/quote/GROW/news/4687582607296739/CO2_GRO_Inc_Announces_a_Commercial_Demonstration_with_a_Canadian_Cannabis_Producer) + +**Also in 2019** + +3 Partnerships for Marketing + +[READ MORE](https://money.tmx.com/en/quote/GROW/news/7522264336685352/CO2_GRO_Inc_Partners_with_UAE_Based_Gulf_Cryo_to_Market_CO2_Delivery_Solutions_in_the_Middle_East) Marketing in Middle East Gulf Cryo + +[READ MORE](https://money.tmx.com/en/quote/GROW/news/6338218057316595/CO2_GRO_Inc_Signs_Agency_Marketing_Agreement_with_Henry_James_Innovations_LLC) Marketing in USA + +[READ MORE](https://money.tmx.com/en/quote/GROW/news/8268524048636058/CO2_GRO_Inc_Signs_Agency_Marketing_Agreement_with_OrganicGrow_Solutions_to_Potentially_Accelerate_Revenue_Growth) Marketing in North America targeting - Cannabis, Hemp CBD growers + +**Also in 2019 Trade Show Presentations** + +[READ MORE](https://money.tmx.com/en/quote/GROW/news/5584139860850743/CO2_GRO_Inc_to_Present_at_The_MicroCap_Conference_on_October_1st_and_2nd_in_New_York_City_at_the_Essex_House) + +[READ MORE](https://money.tmx.com/en/quote/GROW/news/8980800605424310/CO2_GRO_to_Present_at_the_GFIA_Global_Forum_for_Innovations_in_Agriculture_in_Abu_Dhabi_UAE) + +[READ MORE](https://money.tmx.com/en/quote/GROW/news/6319158006950838/CO2_GRO_Provides_a_Summary_of_its_Participation_in_the_GFIA_Conference) + +[READ MORE](https://money.tmx.com/en/quote/GROW/news/8674298624248723/CO2_GRO_Inc_to_Present_at_the_Fall_Investor_Summit_on_September_16th17th_in_New_York_City) + +[READ MORE](https://money.tmx.com/en/quote/GROW/news/5640579414554676/CO2_GRO_Inc_is_Selected_by_the_Canadian_Governments_California_Ag_Tech_Program) + +**2019 Summary** + +3 Marketing Agreements - Middle East, USA, North America (cannabis) + +5 Trade Shows + +2 Sales + +3 Trials + +**2020** + +Jan 2020 [Marketing](https://money.tmx.com/en/quote/GROW/news/7576085524231475/CO2_GRO_Inc_Announces_a_CO2_Delivery_SolutionsTM_Marketing_Agreement_with_Israel_based_Dotz_Nano_Ltd) agreement in Israel + +Feb 2020 [Trade Show ](https://money.tmx.com/en/quote/GROW/news/6433393013175848/CO2_GRO_Inc_Selected_to_Present_at_the_Hemp_Innovation_Challenge_at_World_Ag_Expo) + +Feb 2020 [Hemp Trial ](https://money.tmx.com/en/quote/GROW/news/8917637075711679/CO2_GRO_Inc_Announces_a_US_Commercial_Hemp_Demonstration)Announcement - > this ended up with a sale + +Feb 2020[ Corp Update](https://money.tmx.com/en/quote/GROW/news/7967390838506859/CO2_GRO_Inc_Provides_a_Corporate_Update) + +March 2020 - [COVID UPDATE ](https://money.tmx.com/en/quote/GROW/news/6351740812609743/CO2_GRO_Incs_Business_Operations_Continue_Despite_the_COVID19_Virus) + +April 2020 - [Hemp Trial Start ](https://money.tmx.com/en/quote/GROW/news/8138903784984409/CO2_GRO_Inc_Announces_the_Completion_of_Fifteen_Hemp_Greenhouse_Installations_in_Missouri) + +April 2020 - [Lettuce Trial UAE ](https://money.tmx.com/en/quote/GROW/news/7699617243832662/CO2_GRO_Inc_Announces_a_Commercial_Evaluation_Installation_at_a_Gulf_Cryo_Referred_UAE_Lettuce_Greenhouse) \*as a result of 2019 Marketing Agreement with Gulf Cryo\* + +May 2020 - [Canadian Cannabis Trial - 12 Months ](https://money.tmx.com/en/quote/GROW/news/6635499204162059/CO2_GRO_Inc_Announcesa_Commercial_Feasibility_Project_with_a_Canadian_Cannabis_MicroCultivator) + +April 2020 - [Canadian Cannabis Trial ](https://money.tmx.com/en/quote/GROW/news/7027437330591994/CO2_GRO_Inc_Announces_a_Commercial_Feasibility_Project_with_Canbud_Distribution_Corporation) + +June 2020 - [Michigan Cannabis Trial ](https://money.tmx.com/en/quote/GROW/news/6575979493255336/CO2_GRO_Inc_Announces_a_Commercial_Feasibility_with_a_Michigan_Cannabis_Grower) + +June 2020 - [Trial in Columbia Rose grower ](https://money.tmx.com/en/quote/GROW/news/5747729734180308/CO2_GRO_Inc_Announces_a_Commercial_Feasibility_Project_at_a_Colombian_Rose_Greenhouse_in_Collaboration_with_a_Leading_Global_Industrial_Gas_Supplier) + +July 2020 - [Trial- Leafy Greens - Florida ](https://money.tmx.com/en/quote/GROW/news/8175889520320606/CO2_GRO_Inc_Announces_a_Commercial_Feasibility_with_a_Leafy_Greens_Greenhouse_Grower_in_Florida) + +July 2020 - [Trial Cannabis - California ](https://money.tmx.com/en/quote/GROW/news/6942830212803439/CO2_GRO_Inc_Announces_Its_First_Commercial_Feasibility_in_California_with_Strong_Agronomy_Management_Inc) + +Aug 2020 - [1.38 Million Cash - Ospraie Ag Science 10% ownership ](https://money.tmx.com/en/quote/GROW/news/6320057430136135/CO2_GRO_Inc_Announces_a_138M_Fullysubscribed_Nonbrokered_Private_Placement) + +Aug 2020 - [Trial - Canadian Cannabis - 6 Months ](https://money.tmx.com/en/quote/GROW/news/8006328376678788/CO2_GRO_Inc_Announces_Another_Commercial_Feasibility_with_a_Canadian_Cannabis_MicroCultivator) + +Aug 2020 - [Trial Peppers - El Salvador ](https://money.tmx.com/en/quote/GROW/news/4701095265208479/CO2_GRO_Inc_Announces_a_Commercial_Feasibility_on_Peppers_with_El_Salvador_Based_Hidroexpo)\- Ends April 2021 + +Sep 2020 - [Trial - IOWA - Strawberries ](https://money.tmx.com/en/quote/GROW/news/5259369729117654/CO2_GRO_Inc_Announces_a_Commercial_Feasibility_at_an_Iowa_based_Strawberry_Greenhouse) + +Sept 2020 - [Marketing Agrereemnt - UK , Netherlands, Belgium ](https://money.tmx.com/en/quote/GROW/news/7158675396290234/CO2_GRO_Inc_Signs_Exclusive_Marketing_Agreement_with_UK_Based_Rika_BioFuel_Developments_Limited_to_Service_the_UK_Netherlands_and_Belgium_Greenhouse_Markets) + +Oct 2020 - [Q3 Corp Update ](https://money.tmx.com/en/quote/GROW/news/6767382252474742/CO2_GRO_Inc_Provides_a_Corporate_Update_for_the_Third_Quarter_2020) + +Oct 2020 - [El Salvador Pepper Trial Start ](https://money.tmx.com/en/quote/GROW/news/7895002385464274/CO2_GRO_Inc_Announces_the_Start_of_the_El_Salvador_Pepper_Greenhouse_Feasibility) + +Nov 2020 -[ SALE - Cannabis ](https://money.tmx.com/en/quote/GROW/news/7828261609836673/CO2_GRO_Inc_is_Pleased_to_Announce_the_Sale_of_a_CO2_Delivery_SolutionsTM_Commercial_System_to_An_Ontario_ACMPR_Cannabis_Producer)\- no trial + +Nob 2020 [Trade Show Presentation ](https://money.tmx.com/en/quote/GROW/news/8137611928837760/CO2_GRO_Inc_Selected_by_Sente_Foundry_LLC_to_Participate_in_its_Indoor_AgTech_Program) + +Nov 2020[ SALE - BC Cannabis ](https://money.tmx.com/en/quote/GROW/news/6747995271864636/CO2_GRO_Inc_is_pleased_to_announce_a_Second_CO2_Delivery_SolutionsTM_Commercial_Sale_to_a_British_Columbia_Cultivator) \- no trial + +Dec 2020 -[ Scientific Study Update ](https://money.tmx.com/en/quote/GROW/news/4766887734692882/CO2_GRO_Inc_Announces_30_Accelerated_Flowering_Results_Using_CO2_Delivery_SolutionsTM_On_C4_Orchids) + +Dec 2020 - [Marketing Agreement - South Africa ](https://money.tmx.com/en/quote/GROW/news/7090516690893741/CO2_GRO_Inc_Continues_to_expand_its_International_Marketing_Partners_engaging_South_Africas_Pharmacrop_Pty_Ltd_In_an_Exclusive_Marketing_Agreement) + +Dec 2020 - [SALE - Ontario Cannabis ](https://money.tmx.com/en/quote/GROW/news/6171817928147762/CO2_GRO_Inc_is_pleased_Announce_the_Sale_of_a_Third_CO2_Delivery_SolutionsTM_Commercial_System_to_an_Ontario_Licensed_Cultivator) \- no trial + +**2020 Summary** + +3 Marketing Agreements , expanding reach to Israel, UK, Netherlands, Belgium, South Africa + +2 Trade Shows + +10 Trials + +3 Sales + +CASH 1.38 Million + +**2021** + +Jan 2021[ - Q3 Update - 202 Summary ](https://money.tmx.com/en/quote/GROW/news/5394901159838385/CO2_GRO_Inc_Provides_a_Corporate_Updatefor_2020_and_the_Fourth_Quarter) + +Jan 2021 - [Trial Progress Report - for El salvador Peppers ](https://money.tmx.com/en/quote/GROW/news/5992360745076901/CO2_GRO_Inc_Announces_Average_20_Higher_Pepper_Yields_Through_Ten_Weeks_of_Harvests_at_the_Hidroexpo_Commercial_Feasibility) + +Jan 2021 - [SALE Cannabis - Canada - No Trial ](https://money.tmx.com/en/quote/GROW/news/6624964177887601/CO2_GRO_Inc_is_Pleased_to_Announce_the_Sale_of_its_Fourth_CO2_Delivery_SolutionsTM_System_to_a_Canadian_Licensed_Cultivator) + +Jan 2021 - [Management Update - New Head of Sales ](https://money.tmx.com/en/quote/GROW/news/8120158115246805/CO2_GRO_Inc_Is_Pleased_to_Announce_that_Darla_Lanphear_has_been_appointed_Head_of_Sales_for_Canada_Mexico_and_the_United_States) + +Jan 2021 - [Marketing - Malaysia ](https://money.tmx.com/en/quote/GROW/news/8121272680782080/CO2_GRO_Inc_Announces_a_Binding_Memorandum_of_Understanding_and_Commercial_Feasibility_with_Malaysias_CH_Green_Sdn_Bhd) + +Jan 2021 - [Trial - France / Marketing France ](https://money.tmx.com/en/quote/GROW/news/7117514730382372/CO2_GRO_Inc_Announces_a_Commercial_Feasibility_with_Plant_Advanced_Technologies_PAT_in_France_in_Conjunction_with_Marketing_Partner_Rika_Biotech) + +Feb 2021 -[ Trial Tomatoes Ontario - 1 year](https://money.tmx.com/en/quote/GROW/news/4689988659158783/CO2_GRO_Inc_Announces_its_First_Leamington_Ontario_Greenhouse_Commercial_Feasibility_With_Prism_Farms_Ltd) + +**Customer Presentation :** [https://33d1d1fd-8f73-4c52-a4e1-b576a220c8dd.filesusr.com/ugd/8064e6\_9c117bf5b1624e2a9f05bcc547678a7c.pdf](https://33d1d1fd-8f73-4c52-a4e1-b576a220c8dd.filesusr.com/ugd/8064e6_9c117bf5b1624e2a9f05bcc547678a7c.pdf) + +**Q4 2020 FAQ:** [https://assets-powerstores-com.s3.amazonaws.com/data/org/15680/media/doc/co2\_gro\_inc.\_faq\_s\_fourth\_quarter\_2020-548e8c1d4b7336da535fab9c3b8bcb3c.pdf](https://assets-powerstores-com.s3.amazonaws.com/data/org/15680/media/doc/co2_gro_inc._faq_s_fourth_quarter_2020-548e8c1d4b7336da535fab9c3b8bcb3c.pdf) + +**Q4 2020 Fact Sheet:** + +[https://assets-powerstores-com.s3.amazonaws.com/data/org/15680/media/doc/co2\_gro\_inc.\_fact\_sheet\_fourth\_quarter\_2020-61e9e22d27ad38d41f27b32ed847d5a0.pdf](https://assets-powerstores-com.s3.amazonaws.com/data/org/15680/media/doc/co2_gro_inc._fact_sheet_fourth_quarter_2020-61e9e22d27ad38d41f27b32ed847d5a0.pdf) + +**Youtube Channel:** + +[https://www.youtube.com/channel/UCUceIYX2KLA-4O5lWhkldUg](https://www.youtube.com/channel/UCUceIYX2KLA-4O5lWhkldUg) + +BNN: + +[https://www.bnnbloomberg.ca/video/robert-mcwhirter-discusses-co2-gro\~1671316](https://www.bnnbloomberg.ca/video/robert-mcwhirter-discusses-co2-gro~1671316) + +[https://www.bnnbloomberg.ca/market-call/bruce-campbell-discusses-co2-gro\~1947286](https://www.bnnbloomberg.ca/market-call/bruce-campbell-discusses-co2-gro~1947286) + +**Tech presentations :** + +This Video : [https://www.youtube.com/watch?v=f4ffur52f3c&ab\_channel=CO2GRO](https://www.youtube.com/watch?v=f4ffur52f3c&ab_channel=CO2GRO) + +And this podcast [https://www.nickgreens.com/podcast/episode/494b7725/008-co2-gro](https://www.nickgreens.com/podcast/episode/494b7725/008-co2-gro) + +An Excellent Blog that follows Co2 Gro. Very in depth , highly recommend a read as they dive into the financials etc. + +[https://battleshipinvesting.com/co2-gro-inc/](https://battleshipinvesting.com/co2-gro-inc/) + +[https://battleshipinvesting.com/co2-gro-q1-results-talk-with-management/](https://battleshipinvesting.com/co2-gro-q1-results-talk-with-management/) + +[https://battleshipinvesting.com/co2-gro-q2-2019-financials/](https://battleshipinvesting.com/co2-gro-q2-2019-financials/) + +[https://battleshipinvesting.com/co2-gro-q3-2019-update/](https://battleshipinvesting.com/co2-gro-q3-2019-update/) + +[https://battleshipinvesting.com/co2-gro-2019-results-call-with-management/](https://battleshipinvesting.com/co2-gro-2019-results-call-with-management/) + +[https://battleshipinvesting.com/co2-gro-q1-2020-results/](https://battleshipinvesting.com/co2-gro-q1-2020-results/) + +[https://battleshipinvesting.com/co2-gro-q2-2020-results/](https://battleshipinvesting.com/co2-gro-q2-2020-results/) + +[https://battleshipinvesting.com/co2-gro-q3-2020-financials/](https://battleshipinvesting.com/co2-gro-q3-2020-financials/) + +**Insider Transactions** [https://ceo.ca/api/sedi?insider=&symbol=GROW&date=&transaction=&amount=&undefined\[company\_symbol\]=GROW](https://ceo.ca/api/sedi?insider=&symbol=GROW&date=&transaction=&amount=&undefined[company_symbol]=GROW) + +Sedar: [https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00032690](https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00032690) +I figured this might make an interesting top-level discussion, and given all the recent drama about too few posts, well, *be the change you want to see* and all that. + +I'm positing that this is a valuable discussion topic because I've seen confusion on this sub about how Social Security works and whether or not you should even consider it in your FIRE plans. Given that many people here plan on retiring early, I think it's helpful to understand the eligibility requirements and mechanisms of the program. + +**Disclaimer**: There are many contexts I'm not considering here, like teachers who pay into a pension system instead of Social Security. I'm writing this from the perspective of someone in the private sector in the US for their whole career. I'm not covering non-US citizens who have paid into Social Security or US citizens who worked abroad. Finally, I am not an expert, I'm just an internet stranger who has read a bit about the program. If I got something wrong, please correct me in the comments, we're all striving for a more perfect understanding. + +# What is Social Security? + +It's officially called **Old-Age, Survivors, and Disability Insurance**. For the purposes of this discussion, I'll focus on the old-age part. It is **not** a retirement vehicle where your individual contributions are placed for your later withdrawal, rather it functions more like a [QLAC (qualified longevity annuity contract)](https://en.wikipedia.org/wiki/Longevity_insurance), but with a strong tilt toward social safety net. It was officially signed into law in 1935 with an aim of reducing poverty among the elderly. + +From recent [CBPP research](https://www.cbpp.org/research/social-security/social-security-keeps-22-million-americans-out-of-poverty-a-state-by-state) on Social Security and poverty: + +> Without Social Security, the poverty rate for those aged 65 and over would meet or exceed 40 percent in one-third of states; with Social Security, it is less than 10 percent in two-thirds of states. + +Alternatively an [excerpt from the PGPF](https://www.pgpf.org/blog/2018/09/what-effect-does-social-security-have-on-poverty): + +> Social Security drastically reduced poverty for the elderly. Without income from Social Security, two thirds of the elderly would be considered poor. Social Security reduced the poverty rate to 16 percent in 2008. + + +# How are benefits determined? + +### Credits + +To be eligible for Social Security you need a minimum of 40 "credits". As of 2020 you earn a credit for every $1,410 with a maximum of 4 credits per year. So if you make at least $5,640 / year (in today's dollars) for ten years then you're eligible. In keeping with the spirit of the program there's a low barrier to qualify for the most basic level of benefits. + +### Averaged Indexed Monthly Earnings (AIME) + +Social Security keeps track of your eligible annual earnings. When calculating your benefits, they will count your top 35 years. If you've worked less than 35 years, you've got zeros counting against you. Past years earnings are adjusted for inflation by using multiplier values which the SSA [maintains a list](https://www.ssa.gov/OACT/ProgData/retirebenefit1.html) of. + +Your AIME is then calculated by taking the adjusted total of those highest 35 years of earnings, dividing by 35, and then dividing by 12. + +So if your total indexed earnings were $1,000,000 as of today, your AIME would be: +$1,000,000 / 35 / 12 = $2,380 + +### Income caps + +Social Security places a cap on how much of your annual earnings count towards your AIME, in 2020 this cap is $137,700. It doesn't matter if you earn more, this is maximum value that will go into your earnings history for the year. That may sound unfair at first brush, but past this point you also stop paying Social Security taxes on income. + +### Primary Insurance Amount (PIA) + +Now we get to the part people really care about, your AIME is translated into a PIA through a formula. PIA is what your monthly payment would be at full retirement age. + +How does this formula work? You can read it from the source [here](https://www.ssa.gov/oact/cola/piaformula.html). The short of it is that there are two bend points in the PIA curve, you can think of it as three brackets where each bracket gives you a worse return than its predecessor. + +For AIME <= $960, you get 90% income replacement + +For AIME > $960 and <= $5,785 you get 32% income replacement + +For AIME > $5,785 you get 15% income replacement + +--- + +This is where the social safety net behavior becomes most apparent, it's easy to qualify for the first $864 in monthly social security benefits since you get 90 cents on the dollar, but progressing beyond this is much slower going as you pass the first bend point and slower still when you hit the second bend point. + +--- + +Let's run an example, carrying over our $2,380 AIME from earlier: + +$960 * .9 = $864 + +$1,420 * .32 = $454 + +$0 * .15 = $0 + += $1,318 + +This mean Social Security would pay you $1,318 a month at 67. There's a whole different calculation for starting benefits earlier or later which decreases or increases your payments, but I'll leave that for another discussion. + +# RIP Social Security + +### Isn't Social Security running out of money? + +I hear this a lot. Invariably when Social Security comes up in the daily thread you'll see some people say they don't even count it because they don't think it'll be around when they retire. It's true that Social Security is paying out more money than it takes in but this is a [recent development](https://www.ssa.gov/policy/docs/ssb/v75n1/v75n1p1.html). Over the last few decades the program actually ran an overall surplus which went into a trust fund and was [invested into treasury securities](https://www.cbpp.org/research/social-security/policy-basics-understanding-the-social-security-trust-funds). That trust fund has $2.9 trillion dollars. + +You'll see [people say that Social Security went into a deficit in 2010](https://www.heritage.org/social-security/heritage-explains/the-state-social-security), which is true on a taxes in vs benefits out basis, but that ignores the interest income that Social Security receives from its invested trust fund assets. Up until 2020 or 2021, that interest income has been enough to make up the shortfall. Unfortunately this means Social Security is now starting to eat its nest egg. + +Under current projections, the trust fund has enough money to [allow full payouts until 2034](https://www.ssa.gov/OACT/TRSUM/index.html). But what about after that, game over? + +Not quite, if the trust fund is fully depleted, Social Security will only be able to pay out in benefits what it receives in taxes. As of right now, that's projected to be about 77 cents on the dollar. What that means is, if nothing else happens between now and trust fund depletion, you'll take a 23% haircut on your projected benefits. That's not great, but it's a far cry from the whole system imploding. + +### No, seriously, I heard Social Security was going to explode + +Every so often someone will write a [scary story](https://www.cnbc.com/2016/08/08/social-securitys-looming-32-trillion-shortfall.html) with obscenely large numbers. These are almost invariably based on the infinite horizon projections in the annual [Social Security trustees report](https://www.ssa.gov/OACT/TR/2019/). + +The infinite horizon projection takes the 75 year projection and extends it into infinity. If this sounds like it might not produce sane numbers, [many actuaries agree with you](https://www.actuary.org/content/actuarial-perspective-2018-social-security-trustees-report-0): + +> The infinite horizon projections project all annual balances beyond 75 years assuming that the current law, demographic assumptions, and economic trends from the 75-year projection continue indefinitely; in practice, this is highly problematic. Projections over an infinite time period have an extremely high degree of uncertainty. Troublesome inconsistencies can arise among demographic and program-specific assumptions. By assuming that longevity keeps increasing forever while retirement ages remain static, for example, the infinite time period forecast will eventually result in an extremely long period of retirement. + +# What's FIRE got to do with it? + +That was all interesting, but what are the takeaways for someone interested in FIRE? + +### Make sure you're eligible + +First and foremost, get those 40 credits! Unless you strike it very rich early on, it's a good hedge to make sure you're eligible for at least the basic levels of Social Security benefits. You're hopefully looking at a long retirement and these payments may help considerably twenty or thirty years down the line. + +### Max out the first segment of the PIA curve + +If you work for at least ten years and make >= $40k / year, you'll both qualify for Social Security benefits and fill up the first (and most generous) part of the PIA curve. For most people here it'll probably just happen as a matter of course. + +### Be realistic about Social Security + +It's extremely conservative to entirely exclude Social Security from your plans. Pricing in a haircut seems prudent. Even if political action is taken to shore up finances, it may have the same net effect to a well-off FIRE person (i.e. heavier taxation of benefits, means testing, etc). I'd be wary of simply taking the stated monthly benefits you see now at face value if your benefits are more than 10 years out. + +### A couple of naive strategies + +Here are two different ways I've thought of Social Security over the years in my plans. I'm not presenting these as recommendations or fully formed plans, but providing them as an example. + +##### Safe withdrawal rate + +Goal: Boost your starting SWR by accounting for your eventual Social Security benefits + +ERN has an [interesting write-up](https://earlyretirementnow.com/2017/07/19/the-ultimate-guide-to-safe-withdrawal-rates-part-17-social-security/) that discusses accounting for Social Security cash flows when planning your safe withdrawal rate. Admittedly he does not think it changes much for very early retirees, but depending on when you retire and what your expected benefits are, Social Security can have a non-trivial impact on your SWR. + +##### Longevity insurance + +Goal: Guard against an unexpectedly long life + +In this scenario you're mostly planning on your own funds to see you through your early retirement, and you want to maximize the cash flow from Social Security in the event that you somehow live to 90 or beyond. In this case you'd want to defer your benefits as long as possible (70 years old) to increase the monthly benefit. The downside to this approach is that if you don't live that long (say you keel over at 75), you've made a sub optimal choice with regard to total payout. In the context of insurance though, this is could be a fair trade-off. A QLAC or deferred annuity is a more straightforward proposition for such hedging but for most people Social Security is mandatory anyway. + +### Be aware of your progress + +You can check on your current credits, AIME and PIA by plugging your numbers into [https://ssa.tools/](https://ssa.tools/). I've got no connection with this page, I just think its a nifty tool. You can get your numbers by signing into your [ssa.gov account](https://www.ssa.gov/). + +**Note**: If you're just signing up for an ssa.gov account, be aware that they need to pull your credit information from Equifax to verify your identity, so if you've frozen your credit with Equifax, you'll actually have to do a temporary lift before applying. Yes, everything about that last sentence is ridiculous. + +From their [account creation page](https://www.ssa.gov/myaccount/create.html): + +> If you have a security freeze, fraud alert, or both on your credit report, you can still open a my Social Security account by temporarily lifting it. + +### Spousal benefits + +Another fun tip is that if you're married and your partner has a much lower income and / or becomes a stay at home parent, you can look into [spousal benefits](https://www.ssa.gov/planners/retire/applying6.html). This lets your partner receive a monthly benefit equal to 50% of your own regardless of their work record. Obviously you'd want to crunch the numbers to see if your partner is eligible for a larger benefit based on their own earnings history. + +### Retiring abroad + +Retiring abroad is a common theme amongst a certain segment of the FIRE population. + +SSA provides a [full page](https://www.ssa.gov/international/payments.html) of information regarding receiving payments while outside the US. The short answer is that if you're a US citizen who is eligible for benefits, you should be able to get your payments regardless of where you live, so long as that where isn't North Korea or Cuba. They even provide a [guided questionnaire](https://www.ssa.gov/international/payments_outsideUS.html) to help you determine if payments will work in your specific situation. + +# Conclusion + +At the end of the day, Social Security is a safety net more than it is a retirement mechanism. Its goal is to help cash strapped seniors make ends meet, not support a great or even good retirement on its own. For many people here, however, it represents a non-trivial cash flow on the back end of their retirement and it shouldn't be dismissed lightly. + +Don't assume Social Security will look or pay the same 30 years from now. On the flip side there would be objectively bad outcomes for a significant portion of the elderly population if it went belly up. I could be wrong, but I don't think eliminating Social Security would be a popular political agenda. + +That's about as long a wall of text as I am willing to write, and probably longer than most people are willing to read. For those of you that did read it through, I hope it helped. +It also calls for an end to the market maker exemption to Reg Sho, one of the biggest ways they've been kicking the can. + +It's been like, 4 days already + +this one doesn't even require writing anything, just put in your name and email and boom + +Maybe not as important as SEC letter comments, but far easier, so I don't get why we haven't absolutely swamped this one yet + +If it's cause you don't like our pal Lauer, I don't see why at this point. He was skeptical of DRS at first, and may not believe in Moass, but now that he's coming out in full support of it I see no reason to believe he's a bad actor. + +And even if he is, there is nothing but good in this letter specifically. + +Here's the link to sign if you didn't get the email: + +[https://www.urvin.finance/advocacy/we-the-investors-sign-on-letter-2](https://www.urvin.finance/advocacy/we-the-investors-sign-on-letter-2) + +\[edit\] + +since I'm seeing so many people commenting about how this won't change anything, I'll just post this here: + +it may not change the minds of the politicians, but it's got DRS in the fucking title so it gives a new platform by which to reach people about that + +nothing to lose my guy. just a new way to amplify our voice +Hey guys! I want to talk about Fox Finance! 🦊 + +**What is it?** + +It is one of those auto-staking tokens on the Binance Smart Chain, which grants rewards for all its holders. (1,000,000,000,000,000 supply with 1 trillion tokens burned every day, 6% redistribution rate and 6% goes to liquidity in every transaction.) + +However, it is not aiming to be one of those hyper moonshots, where the only focus are quick gains and it has the standard of beeing more that a meme/shitcoin. + +**So?** + +Actually, Fox Finance wants to spread some awareness for flora and fauna in the Crypto space. There are Fox in Actions calls on Twitter, where we show that we care about our environment, a Fox has been adopted so far and they promote several opportunities to help animals. + +Eventually there are plans to strive for much larger project and also to integrate contemporary things like NFTs and more – remember this thing is not even two weeks old yet. + +**SAFU?** + +Liquidity is locked: [https://deeplock.io/lock/0x3027AD7781700A03496613377152dBa78C38fa55](https://deeplock.io/lock/0x3027AD7781700A03496613377152dBa78C38fa55) + +It is also about 10x down from its initial spike and the owner did not take advantage while being on ATH. Moreover, in about a week Fox Finance will be a legal entity and he does not feel like going to jail. + +**10x DOWN? 🙀** + +Yes, the usual sell off of early investors is inevitable and did hit quite hard and on the way down paper hands lost their cool and ran off, while also some of them beeing toxic in Telegram. + +Unfortunately, listings on CMC and CoinGecko also didn’t happen yet, which made some people even more nervous. + +One thing that also keeps the price down right now, is the fact, that there is a token called YFox Finance. This token is pretty much dead, and I am 99.5% positive that some people buy it by mistake, as you can see on the spikes after the marketing campaigns from FOX: + +[https://imgur.com/a/mMIbnPk](https://imgur.com/a/mMIbnPk) + +I think that’s it for now. If you don’t looking for a 100x moon, but something with potential for a rather organic rise, pop some bucks in and join the Telegram – it’s super fun. + +Plus remember that we might take off anyway after CMC and Gecko listing. Tokens on the highest gainer list draw a lot of attention, and we can easily make some Xs from here. + +Maketcap is about 2M. right now! + +Happy eastern! + +Website: [https://foxfinance.io/](https://foxfinance.io/) + +Telegram: [t.me/foxfinancebsc](https://t.me/foxfinancebsc) + +Twitter: [twitter.com/foxfinancebsc](https://twitter.com/foxfinancebsc) + +bscscan: [https://bscscan.com/token/0xfad8e46123d7b4e77496491769c167ff894d2acb#balances](https://bscscan.com/token/0xfad8e46123d7b4e77496491769c167ff894d2acb#balances) + +How to Buy: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xfad8e46123d7b4e77496491769c167ff894d2acb](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xfad8e46123d7b4e77496491769c167ff894d2acb) + +Chart: [https://poocoin.app/tokens/0xfad8e46123d7b4e77496491769c167ff894d2acb](https://poocoin.app/tokens/0xfad8e46123d7b4e77496491769c167ff894d2acb) +EDIT: response thread here: https://reddit.com/r/ethtrader/comments/8z83sp/lets_cut_through_the_bullshit_of_todays_events/ + +I posted this is the daily, but I’m moving it here and reformatting to preserve discussion. + +—————— + +Parity, this happened today and I think someone needs to address it to the community: + +https://reddit.com/r/ethereum/comments/8z0w0x/proposal_to_move_eip_999_to_accepted_state/ + +u/5chdn, self-described “Everything Ethereum at Parity”, has attempted to accept his *own* EIP and push it through approval, without further discussion, bypassing the previous opposition presented by many of us in this community the last time it was discussed. This occurred in spite of Parity previously saying that [they acknowledged the community’s opposition and would work with the community to find future solutions](https://paritytech.io/our-commitment-to-ethereum-and-a-decentralised-future/). + +**person in question** +https://i.imgur.com/QEX1WzS.jpg + +**person in question changing status of their own EIP** +https://i.imgur.com/DkB9ggQ.jpg + +**person in question attempting to merge in their change without any discussion, but thankfully getting shut down by the automerge bot** +https://i.imgur.com/jNatC8h.jpg + +—————— + +My immediate questions are: + +Does Parity support the actions that were taken by u/5chdn? + +Is Parity going to pursue a contentious hard fork to recover funds now that the community has, again, had to raise a fuss over this issue? + +How can we trust that the issue will be dropped *forever*? Is this another “ISPs keep trying to kill Net Neutrality until they succeed” sort of situation where the community will need to remain ever-vigilant against Parity acting in bad faith? + +Why should we trust you? + +—————— + +What I see here is a (thankfully failed) attempt by Parity to single-handedly dictate to the community what should happen regarding the locked funds from their contract bug, ignoring anyone’s voice but their own. Single-handedly forcing through a decision goes against **everything** blockchain tech stands for and should be considered treasonous in the context of the decentralized future that we’re all here supporting with our time and/or money. + +As a community, I hope we can all agree that this will not be overlooked and swept under the rug just because it failed. The fact that this was even tried is unforgivable. + +I can’t speak for everyone, but I know many of us are eagerly awaiting an official response. +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**. +First timer here. Recently completed my first rehab and placed a tenant the other month. Has been nothing but a headache since. + +I told him when he moved in, that the house was a fresh rehab and if he noticed any issues to let me know. + +He told me some things I missed, but has gone above and beyond (in my opinion) in his request. + +* Asking me to replace an outdoor/patio wrong (rug's should be on tenant, no?) +* Stating my AC (which is brand new) air smells stale. He blames the vents and wants them all replaced. +* Wants a key to the back door of the house as well (has a front door key, back door locks I just never had a key for it. This I could fix, but is it that big of a deal?) + * He also asked me to replace the door because it is difficult to lock. He stated that one day he got it to close because of the rain, and he left it locked since. It has a roof over it so rain does not touch it except for maybe droplets. +* For my UNFINISHED basement: + * Wants me to remove the old carpet and replace it with new + * Wants me to add drywall around the support beams/make a room + * Remove curtains/selves/etc for storage (which is the point of an unfinished basement) + * Clean basement in its entirety, granted it was cleaned prior to move in, but he wants the windows cleaned and I guess a more in depth clean. I thought it was pretty clean for an unfished basement, but I guess he expects new ceiling tiles/drywall and not old wires (nothing is open, my electrician cleaned it up) + * A new door at the top of the stairs to regulate heat better, this I feel I could add, but isn't a little curtain/one of those sliding doors sufficient? +* I provided an empty oil tank. My thought process was that he can fill what he expects to use, and anything left over I can prorate him. I figured this was easier to measure than me filling it, and deducting what he used from his security deposit. + * This I genuinely don't know if this was wrong... curious how others handle it + +Even told me my carpet was dirty and he wanted it replaced with hard wood floors. But like I mentioned, it was a rehab and it was literally brand new carpet. + +My tenant even contacted my township to show them these issues... my township emailed me and my tenant mentioning that my tenant requested repairs. But only asked me to fix an exterior repair, which is something the township wants, not my tenant. Almost as if they didn't list/address his concerns too deep? + +The funny thing is, I have a lock box at the house and my tenant confirmed a time my contractor could come for repairs and that he left the keys in the lockbox. When my contractor showed, it turns out my tenant bought HIS OWN lockbox, and never told me the combo. Why not just change my combo? + +My tenant also ignored my calls when I tried to schedule an inspection with the township. He chose to go directly to them while ignoring my contractor scheduling. It's like he wanted to throw me under the bus. He ignored my call, text, and emails... + +Are his request valid or should I tell him that I provided a safe, quality, code-passing home and to move on with my day? +&#x200B; + +[The prediction \(made by u\/possibly6 on the 10th of September\)](https://preview.redd.it/iaf9tdjhoqq71.png?width=2798&format=png&auto=webp&s=c1e80e285a9577360b457effb009bef0210d65c8) + +[Current graph as of 30th of September 2021 \(Tradingview\)](https://preview.redd.it/eq28cbhioqq71.png?width=1330&format=png&auto=webp&s=047a51b4ab00a781a97acaaf5d5fcebc5fe70b58) + +[Both of them overlaid with some transformation to make it fit! LOOK AT THIS!](https://preview.redd.it/0b4xld8poqq71.png?width=2798&format=png&auto=webp&s=bcf92164b9a176b82d667eae873120252adef86d) + +Full credit goes to this guy: u/possibly6 + +Check to original DD here: [The Dip Before The Rip, The Final Countdown](https://www.reddit.com/r/Superstonk/comments/pl885m/the_dip_before_the_rip_the_final_countdown/) + +&#x200B; + +edit: + +Check the latest analysis from the man himself here (YouTube Vid): [The Last Week of Sideways for GME](https://www.youtube.com/watch?v=Dkyy8F--8z4) +As the post title says, I’m considering selling all my $O to purchase some growth holdings instead. I’m currently in my late 20s and feel like I jumped the gun on focusing mostly on dividends. I still have a larger hold of $SCHD shares, so it’s not like I’m leaving dividends focused holdings all together. + +I’m just wanting to get a second opinion. + +Edit: I will not be selling my $O shares. I’ll just buy a small positions of $AMZN and $GOOGL. I was just wanting to get into their rally before their splits happened. +Serious question. While the delay of MOASS has allowed me and numerous others to up my position numerous times, it has undoubtedly lead to some people reducing positions due to unexpected bills/needs. There have been a number of theories discussing the possibility that the MOASS is currently being prevented in order to reduce the chance of a market crash while the DTCC gets these new rules in place. + +So my question is simple... Preventing anything from happening naturally in the market is manipulation. What's to stop GameStop, participants, other entities from filing suits if it's determined that they did indeed delay MOASS until they were ready for it? +If you people haven't been following the news as of recently, Lebanon has been hit with a massive financial crisis forcing the currency to go into hyper-inflation. The prices have gone up on things like groceries, rent, and whatever involves money. + +Saving up isn't helping to be honest since our LBP currency has become worthless due to the recent dollar prices. A dollar goes for around 8,000 LBP to around 10,500 LBP which has driven the country to shambles causing multiple stores to go out of business and for electricity companies to rely on reserving their power. (We don't have 24/7 electricity in case you're wondering). + +"What's my deal?" you may ask. Well, after living in the gulf area for almost 21 years, my family and I were forced to leave to Lebanon. Now, I've been in Lebanon for almost 3 years, and I'm suffering both financially, physically, emotionally, and mentally. We barely have enough money to pay rent or buy enough groceries, and most of the things that we buy are either rotten out-of-date or rotten. What's the cause behind that? Our "beloved" country is sticking to locally made products so everything that is exported is a big no-no because it's too expensive. For example, a can of coke can cost you around $6 to $7 in our current currency rate. So, they'd opt to sell a cheaper alternative. + + As for the expired and out-of-date products, that's because most shops aren't demanding any new supplies so they'd stick with what they currently have. We're at the brink of bankruptcy, and our government isn't doing anything about it. They did ask for some financial aid from several nations, but everyone declined because they kept postponing the meeting. So, we're pretty much fucked up. +About two weeks ago I was contacted and asked to offer security advice for a project. I was asked to sign an NDA in order to discuss the project itself, something I am reluctant to do, in general. Once I received the NDA however, it became obvious that the project was related to verifying the identity of Satoshi Nakamoto. I immediately declined the offer, declined to participate and declined to sign the NDA. + +I'm sure many people will think I was wrong to decline the "opportunity" to verify SN's identity. From my perspective, the request for me to verify his/her/their identity is in itself an appeal to authority. It is replacing public cryptographic proof with endorsement by a third party. If SN wants to "prove" their identity, they don't need an "authority" to do so. They can do it in a public, open manner. To ask people in the space who have a reputation to stake that reputation and vouch for SN's identity raises many red flags in my mind. + +I don't know if Craig Wright is SN. I don't care and I don't want to know. + +As I have expressed many times in the past, I think the identity of Satoshi Nakamoto does not matter. More importantly I think it serves to distract from the fact that bitcoin is not controlled by anyone and is not a system of Appeal-to-Authority. Identifying the creator only serves to feed the appeal-to-authority crowd, as if SN is some kind of infallible prophet, or has any say over bitcoin's future. + +Identity and authority are distractions from a system of mathematical proof that does not require trust. This is not a telenovela. Bitcoin is a neutral framework of trust that can bring financial empowerment to billions of people. It works because it doesn't depend on any authority. Not even Satoshi's. + +Back to work. +Hey guys, I've built a tool that allows you to filter and sort millions of options by multiple metrics. Here's the site: https://fdscanner.com/scanner + +The filters include IV, % OTM, volume, yield on collateral and more. + +For instance, you can set the filters to Puts only, 10-20% OTM, yield on collateral 1%+ and the expiry to 5/15. There's quite a number of blue chip companies there, with strikes around March lows yielding 1-2%. Eg DIS $80P yields 1.55%, AAPL $220P yields above 1%. + +Or [here's a preset filter](https://fdscanner.com/scanner?impliedVolatility=0,100&pctOptionStrike=2,20&lastPrice=0,100&volume=1&openInterest=0&pctOtm=3,8&calls=false&puts=true&shortInterest=0,100&sma200=0,100&sma50=0,100) you want to scan for put options yielding 1% or more, expiring this Friday, but at least 3% OTM with 100 volume. 77 options passed this filter, including T $28.5P, V $155P + +Once you shortlisted the options, you should open it up in your broker as the data is delayed 1-2 hours. + + +Interested to know if you guys will use something like this, or what other tools you are using now. + We are Top 3 Hot right now on SSB MonshotMonday + +Market is down but our spirit and devotion to Cheecoin and further development of the brand will never falter, we will keep on moving forward and not stop because we want to be one of the best tokens on BSC. + +🐱 Welcome Cheecoin. Hollywood VFX meets Animal Charity. The most versatile utility token on blockchain And guess what. It's also not susceptible to flash loan attacks because of our 10% sell cap per wallet. BOOM. Non stop marketing through the dip. Cant stop, wont stop. + +💰Coin Market Cap - we are on it now, just pending to be tracked💰 + +Up Next Crypto Video Drop + +Nesi Influencer Video Drop + +Multi language Youtube drops + +Cheecoin has merged top level design and Hollywood VFX with blockchain while also donating to dedicated charities and actively working with them to better the world for pets. + +The Cheecoin team is made up of world famous VFX artists, established multi mullion dollar business owners, hedge fund analysts and code experts. The head of Dreamworks Virtual Production dept is a dev and so is award winning VFX artist and business owner Brendan ONeil. + +Credits and clients include: The Matrix, The Matrix II, The Matrix III, Watchmen, Rise of Planet of the Apes, I am Legend, Spiderman, Beowulf, gravity, Interstellar, The Crown, Harry Potter, Gladiator and works with brands such as Nike, Paypal, Subway, Movado, Levis, Nvidia, Synders, Frito-Lay, Coc-a-cola, Pepsi co, Charles Schwab Investing, Lending Tree, Victorias Secret, Uniqlo, The Gap, Banana Republic, Best Buy, Samsung, Google, Facebook and more. + +The Cheecoin team loves animals and CHEE himself who is in fact a real cat was saved by charity donations from the very charity Cheecoin has started to support and already donated to. Baby Chee almost died but after $8,000 of surgery bossman Chee got to keep 8 of his 9 lives and we love him so much! Cheecoin now covers vet bills for surgeries and hospital care for feral and domesticated animals and pets. We work closely with charity organization Little Wanderers NYC and 2 new charities we have just added. Through them we can track our donations ($7,000) and get to follow each animal we help on our website and through their fosters and new owners. It's an amazing process to see each animal we help instead not knowing where the money is headed. We work closely to make sure the funds are used ONLY on animal vet bills and the support for the charities to continue operating. They are 100% non profit and run my people who have day jobs. They devote their free time and lives to helping these needy animals. Please donate to them if you cannot buy $CHEE. They need the help and that is what this is about: [https://littlewanderersnycdotorg.wordpress.com/](https://littlewanderersnycdotorg.wordpress.com/) + +The NFT marketplace will feature exclusive NFTs ranging from still images and photos, to expansive game worlds and levels or CGI experiences and animations. There is no limit to what Cheecoin will achieve and we plan to push the boundaries of user experience by combining the highest level visuals with the newest and cutting edge technology. We are leaders in innovation and workflows as a group hold collectively over 100 patents. Chee coin is also in development of AR NFT galleries where you can view artwork on mobile in your own home :) + +The Cheecoin team projects in Development (subject to some changes) + +CheeChange Mobile and Desktop Wallet – This MetaMask equivalent will be Chee branded and set for $CHEE and BNB, Bitcoin, ETH, and a few more directly. You can add other tokens on BSC as well! + +Cheecoin.com pancake direct buy. – You will soon be able to buy and sell $Chee to BNB directly on our website via Pancakeswap DEX. UI has been voted on and Scifi theme won! + +NFT marketplace – The marketplace is being coded and built now! You will be able to buy and sell NFTs with $CHEE directly on our web browser NFT marketplace. All NFTS purchased can be upgraded to holographic displays with unique signatures and in home display functions. We will deliver them to you and make sure it all works. + +AI driven collectibles and rare trading card games where you can battle Little Creatures and earn $CHEE + +NFT Gallery one-stop shop - Here you will be able to access a 3D CGI art gallery set in a scifi future world. You can browse different pieces and experience them in 3D. This is brought to you by pixel streaming via Unreal Engine and will be up soon. From the stream you will be able to link and buy NFTs from you CheeChange wallet. Users who wish can also purchase VR facewear to experience our gallery in VR and fully immersive themselves in their NFT experience. + +Cheecoin Sponsor VR and AR events – Cheecoin will sponsor different musical artists and help built their VR/AR experiences for the most amazing stay at home fully immersive ready player one events and experiences. Cheecoin will take users to the next level and all in the name of charity. + +SpaceChee Mobile Game Metaverse – Cheecoin knows user experience is important and because of that we have been developing via Unreal Engine a subway surfer coin collection game on OS and Andorid where users can collect coins in the game and then cash them out for NFTs and other amazing prizes. We have a whole series of other games in the works including a 1st person AAA shooter. The in game currency will be cross game transferable. + +Space Chee TV Series – Yes its true. We are developing a fully animated TV series called SpaceChee. Aimed for children it will have real world lessons and values built into a scifi adventure narrative and follow a team of galactic good guys as they hunt down the evil ShibaSrinu destroyer of worlds. No joke. Wait and see. We got the chops. We got the connections. Greenlight and go. + +Merch and Products – We got it all. Blankets, Clothing, Hats, Kicks, Wallets, Sunglasses, Plush toys,Figures, Cats to adopt that you get paid for if you hold Chee at X amount. + +Adoption Perks – Cheecoin will pay for your adoption and initial vet bills if you adopt through our program and use $CHEE for all transactions + +💎 SUPPORT AND HODL HERE 🙏: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x93e24685e41ca82fd7a66a69c64f3decac789281](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x93e24685e41ca82fd7a66a69c64f3decac789281) + +🙏 Charity Partner Little Wanderers NYC + +🧑 - Doxed Dev and team (LinkedIn) + +💎 – 5100 Chee family members + +💰 - $7000 donated already! You can verify it. + +🎁 3% back to holders + +🤝‍ 3% back to charity + +💧 3% back to LP + +😸 10% of NFTs go to Charity + +🔥 25,000,000 supply BURNED: + +🔧 10% sell cap until until you have 50k Chee or less (per transaction) + +📁 Audit completed by TechRate (On Website) + +🔐 Locked LP 35 years + +💰 Purchase it on PancakeSwap V2 + +⚙️ Set Slippage to 11% + +📊 [Chart](https://dex.guru/token/0x93e24685e41ca82fd7a66a69c64f3decac789281-bsc) + +🦎 [Coingecko](https://www.coingecko.com/en/coins/cheecoin) + +🐦 [Twitter](https://twitter.com/Cheecoin) + +🌎 [Telegram](https://t.me/cheecoinchat) + +🌎 [Website](https://cheecoin.com/) + +🌎 [Discord](https://discord.gg/Wk847NVb) + +🌎 [Reddit](https://www.reddit.com/r/Cheecoin/) + +📜 Contract - 0x93e24685e41ca82fd7a66a69c64f3decac789281 +I haven’t been trading that long, only around 5 years but pump and dumps were the majority of the plays when I started. They slowly disappeared and it seemed the SEC was going after the pumpers. With the meme stock explosion I’ve noticed pump and dumps are re-emerging just more crowd sourced now. + +If I ever say I’m shorting a stock, I get nothing but downvotes. I’ve tried to ask other redditors about it and they’re all in the pumps so I’m told I’m wrong. Im not complaining about people getting sucked in as a lot of them are profiting and that’s great but they should at least realize what’s really going on. + +I short 99% of the time and these pumps make great set ups but I’ve definitely noticed how a bunch of buyers stay in the game longer than they used to so I look around the internet to see what’s spurring the bullishness and it’s always just a post on Reddit. + +I remember Tim Sykes popularity going down as it should since he was only profitable during a time that will never come again but now I see all of these off shoots of him. They’re not affiliated with him but they act the exact same, pumping stocks to their group and once it goes up because they’re all buying they seem successful and knowledgeable about the market. + +Please tell me I’m not the only one here noticing this? +TLDR: DRS is fucking Citadel up. The brokers who use PFOF are the slowest brokers to DRS your shares. Citadel pays the most for PFOF by FAR. This points to Citadel flexing on brokers. DRS is also reducing darkpool volume. This is not financial advice. + +&#x200B; + +**What is PFOF or Payment For Order Flow?** + +* Where venues/vendors with the processing means (aka Citadel Execution Services, Virtu Americas) pay money to brokers for routing their retail buy and sell orders to their internal system instead of sending it to the exchange. + +**Why would brokers do this?** + +* Because they get very well paid to do so by such vendors + +**Why would vendors pay for my trade?** + +* Vendors like Citadel use this information to trade ahead of clients (e.g. Robinhood) and get preferential pricing for themselves +* Vendors also use PFOF to be able to view all sides of the trade and to track exactly the sentiment and movement of the retail market + +THIS IS BIG MONEY FOR VENDORS AND BROKERS ALIKE, ALL AT THE COST OF RETAIL. + +According to [daytradingz](https://daytradingz.com/payment-for-order-flow/), $1.82b in total was paid to brokers to sell your trade information to vendors in only the first half of 2021. This is projected to be an increase of 39% YOY. + +&#x200B; + +[daytradingz](https://preview.redd.it/0cxks4cogcr71.png?width=750&format=png&auto=webp&s=3c98eae7e8cc945bedb7b08ff59bce903c8b8bd7) + +&#x200B; + +**Ok, but surely it cant be that profitable for vendors?** + +* Citadel alone paid for $760m in the first half of 2021 for PFO +* This represents 42% of total PFOF for this period + +[daytradingz](https://preview.redd.it/5ra9rjmchcr71.png?width=752&format=png&auto=webp&s=9236a3620e5d089c5677418d5b9dfa676365460a) + +According to [Tokenist](https://tokenist.com/deep-dive-citadel-securities-track-record-anti-transparency/), Citadel Securities trades 13.4% of total trade volume (for December 2020). This is comparable to the major exchanges of NYSE and NASDAQ. How much of this is from PFOF? no idea but I would say the large majority. + +[qz.com via tokenist](https://preview.redd.it/h871mw03icr71.png?width=741&format=png&auto=webp&s=93b827fff6bd0747fc31a37a93776a080d24f36b) + +**Hmmm interesting. But how does this affect DRS??** + +* If you have been paying attention to this sub for the past week, you will have noticed that people have been having trouble with their DRS times being pushed out beyond reasonable times, in one case up to 6 weeks. +* These delay times have been **company** wide. + +There is correlation between the companies accepting PFOF and their delay. Lets group a few of them. + +|Company|PFOF|time to initiate DRS| +|:-|:-|:-| +|Vanguard|No|0-10 days| +|Fidelity|No|Most 0, up to 2 days| +|Chase|No|?| +|IBKR|Unsure|Unsure| +|Robinhood|Yes|Lol. no one trades with RH| +|TD Ameritrade|Yes|4-6 Weeks| +|Charles Schwab (owns TD)|Yes|1-4 Weeks| +|E-Trade (Owned by Morgan Stanley)|Yes|3+ weeks| +|Webull|Yes|?| + +&#x200B; + +**Wow, ok, so there's a link. Why does this matter?** + +* Its at this point I implore you to search on this sub and watch the 8min segment of a talk with Marc Cohodes. He sheds the light perfectly on how systemic Citadel is and how their fingers are in ALL the stock market pies. Not only do they see their trades, they see all our trades. + +The below graph that u/stonkkingsouleater posted on another sub shows the impact that DRS-ing is having on the darkpool and NYSE volumes, as a percentage. + +https://preview.redd.it/92hg9xcqlcr71.png?width=682&format=png&auto=webp&s=d1af9961e94d75480ecd337f1a0723643d77f47b + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +More research below. Due to the restrictions on cross-posting and linking in this sub, the below has been screenshot/ctrl-c ctrl-v, and is the research of u/Fwellimort . They posted their DD 7 months ago. + +https://preview.redd.it/0tj8aeegecr71.png?width=677&format=png&auto=webp&s=20c212f61a65d71c69379f6fdd6518ae11b83cab + +https://preview.redd.it/t02een8hecr71.png?width=678&format=png&auto=webp&s=f8ea6cd3b122e22ff0e487e0cb19ee6112bb3920 + +* Robinhood [https://cdn.robinhood.com/assets/robinhood/legal/RHS%20SEC%20Rule%20606a%20and%20607%20Disclosure%20Report%20Q4%202020.pdf](https://cdn.robinhood.com/assets/robinhood/legal/RHS%20SEC%20Rule%20606a%20and%20607%20Disclosure%20Report%20Q4%202020.pdf) +* WeBull [http://public.s3.com/rule606/webull/](http://public.s3.com/rule606/webull/) +* TDA [https://www.tdameritrade.com/retail-en\_us/resources/606\_disclosure/tdainc-TDA2055-q4-2020.pdf](https://www.tdameritrade.com/retail-en_us/resources/606_disclosure/tdainc-TDA2055-q4-2020.pdf) +* Schwab [https://content.schwab.com/drupal\_dependencies/psr/606/2020-Q4-Schwab-Quarterly-Report.pdf](https://content.schwab.com/drupal_dependencies/psr/606/2020-Q4-Schwab-Quarterly-Report.pdf) +* Chase [https://mta.ihsmarkit.com/app-v2/public-report-library/public-report-library-view/JP%20Morgan%20Securities%20LLC/202](https://mta.ihsmarkit.com/app-v2/public-report-library/public-report-library-view/JP%20Morgan%20Securities%20LLC/202) +* IBKR Pro/Lite [https://gdcdyn.interactivebrokers.com/Universal/servlet/Registration\_v2.formSampleView?formdb=3074](https://gdcdyn.interactivebrokers.com/Universal/servlet/Registration_v2.formSampleView?formdb=3074) +* Vanguard [https://nms606.karngroup.com/vgrd/606a/2020Q3/588e3c62ff](https://nms606.karngroup.com/vgrd/606a/2020Q3/588e3c62ff) +* Fidelity [https://clearingcustody.fidelity.com/app/literature/item/9901330.html](https://clearingcustody.fidelity.com/app/literature/item/9901330.html) +* Merrill Lynch [http://public.s3.com/rule606/bofas/](http://public.s3.com/rule606/bofas/) +* TastyWorks [https://assets.tastyworks.com/production/documents/sec\_rule\_606\_report\_q4\_2020.pdf](https://assets.tastyworks.com/production/documents/sec_rule_606_report_q4_2020.pdf) +* E-Trade [https://content.etrade.com/etrade/powerpage/pdf/q4-2020-606a.pdf](https://content.etrade.com/etrade/powerpage/pdf/q4-2020-606a.pdf) +* Ally Invest [https://www.ally.com/resources/pdf/invest/order-routing/4th-quarter-2020-606-report.pdf](https://www.ally.com/resources/pdf/invest/order-routing/4th-quarter-2020-606-report.pdf) +A lot of people seemed to be tempted to buy VDHG before the ex-dividend date because of the massive $2.05 distribution but it doesn't seem financially smart to do so. + +Some napkin maths ahead but say you bought $10,000 worth of VDHG at today's closing price of $58.81 which is about 170 units and the price stays the same at close the day before ex-dividend. + +You'll get a distribution return of $2.05 x 170 units = $348.50. But now your portfolio is only worth $9,651.50 of VDHG + $348.50 in cash. But most of that $348.50 is taxable so if you're in the $45,001-120,000 you'll have to pay around $113.26 extra in tax EOFY. + +So unless the price of VDHG dramatically increases ie above $60 by April 1st, if you bought VDHG recently you'll be paying ~1% of your purchase in tax. You also don't gain any money, that money is taken out of your portfolio and converted into cash. + + +TLDR: If you bought VDHG at close today expecting to make money from dividends all you end up doing is paying an extra ~$100 in taxes with no monetary gain. +If a bi-weekly paycheck is $2700.00 ( net , so $5400 per month ) , is it a bad decision to pay $2000 for monthly rent of an apartment? We’ll probably with internet and electricity more like $2200 . +I am graduating college this year and got a job that pays way more than I ever expected to make. Growing up my dad made 150k (my mom stayed home) and I always felt like we were rich (compared to my friends families, we kind of were). I've had a job since I was sixteen and have always been super frugal and tried to save as much as possible. Now at 22 I have about 70k invested and I am super proud to have gotten to this point. + +My new job is paying me almost 180k. I had no idea people made this much out of college until I started applying to jobs. Suddenly I have no interest in living lean and I feel compelled to just start buying a bunch of expensive stuff. People always say it's easy to let your expenses balloon to match your salary, but weirdly it felt easier to save when I was making 40k a year than it is now. Any advice on how to not lose track of my financial goals and staying motivated to keep my spending to a minimum? +A lot of people are posting about food insecurity. I feed 5 people on $100-$200 (Canadian, so $50-$100 USD) per week. Here’s my tips: + +1. Set a budget for each category of groceries. My go-to budget is: + +$20-produce +$20-meat +$10-dairy +$10-bread/cookies/crackers +$10-dollar items/cans +$30-free (household, spices, special meal supplies etc) + +2. Shop each section price first. If beef is cheaper, buy beef. If it’s pork, buy that. + +3. Shop daily for at least 2 weeks and at different times a day until you know the store’s stocking and sale schedule. + +4. Buy bread from the sale rack. It’s literally 1 day old. Someone in the comments also mentioned noting items that are close to the sell-by date and coming back on that day to buy them. Great advice! + +5. Each meal should have 1 starch, 1 veg, and 1 protein. Pork chops, roasted potato and broccoli. Or nachos, salsa, and beans for example. + +6. If your family/housemates/you tend to overconsume something, stop buying it or buy it on a schedule. They can go ahead and eat 20 granola bars in one night, but you’re not buying any more for a month. + +7. Invest in a popcorn popper. Popcorn is a cheap and easy snack that becomes popcorn balls with some $1 marshmallows. Popcorn can also be cooked in any pot by adding a little oil and popping it under a lid. For me, air popping is better because I tend to burn pots with oil in them and the $20 I spent on my popper saves me the cost of oil. A small bottle is $8 right now. But when it was cheaper or if it’s cheaper where you live it’s a great tip! + +8. (21+ tip lol) Drink at home and host your friends. A bottle of booze is cheaper than three glasses at the bar/club. And people will bring more booze as gifts. And they will leave it at your house. Free booze! + +9. Shop at a farmers market. The prices tend to be consistent and the produce has a longer shelf life. You can sometimes buy produce by the bushel! From the comments: also check out ethnic markets where the same item can be cheaper. For example black chicken is 6x the price at a specialty market but 1/4 the price at a Korean market. + + +10. Use up imperfect produce by making sauces and chutneys. Bruised apple apple sauce is so good! + +11. Consider having picky children. My friends toddler won’t eat ANYTHING 😂 + +12. Don’t do things homemade if they’re cheaper to buy. And don’t buy them if they’re cheaper homemade. You won’t save money making tomato sauce or bread or pie, but you’ll save a ton making your own steak, lasagne, or stew. + +13. Look at the per unit price or the by-weight price on the item. For example right now you can get 40 mini chip bags for 9.97 or 18 bags for 6.47. Obviously 40 right? + +But the 18 bags are 28 grams and the 40 are 16 grams. It’s effectively the same amount of chips. + +It’s spooky month so I’m stopping at 13 tips. 🖤💜Happy almost Halloween! +It is time to **correct the FUD** that is floating out there surrounding ComputerShare. The more and more I look into this, the more convinced I am that moving shares out of the DTC using DRS and ComputerShare is the right thing to do. Every time the [Direct Registeration System](https://www.dtcc.com/settlement-and-asset-services/securities-processing/direct-registration-system) (DRS) is mentioned, someone will pop up to spread FUD to convince people to avoid using ComputerShare. + +Let’s look at some common FUD and correct the record. + +**Example #1: You won’t be able to sell your shares.** + +This is the most common FUD that is posted to try and dissuade people from ComputerShare. ComputerShare has a relationship with brokerages to sell your shares when you request them to. I had previously thought, incorrectly, that sales would take a bit of time. This is false. + +With ComputerShare and GameStop’s DirectStock plan, you have the following options to sell: + +* Market Order +* Limit Order (Day) +* Limit Order (30 Day) + +Lots of FUD going around that says something to the effect of: *If you try to sell, it will take days!* + +**False** + +If you initiate a market sell order on ComputerShare, they will attempt to execute it immediately. If you submit a limit order, they will enter it to go at the price you specify or greater. There is absolutely **no problem with selling using ComputerShare**. Settlement will still take T+2 days as usual, same with any other broker. + +Just for my own reference, I checked to see what the page looked like on ComputerShare when trying to sell. I found this, including the Market Order and Limit Order options. + +https://preview.redd.it/fyzsy93ul5h71.png?width=1132&format=png&auto=webp&s=074cdfbe549bfac1b0505b8a77659c33db6eeeb7 + +You can review the DirectStock brochure for GameStop [here](https://cda.computershare.com/Content/7e2c2c4c-aeb6-4614-83a3-b67e32756a78). I am copying the section regarding selling below: + +>A Participant may sell all or a portion of the shares credited to his or her DirectStock account at any time by submitting a request to Computershare online. Methods described below may not all be available at the time of your transaction. At the time of sale, available methods shall be displayed online. + +**Market order sale requests (requests to sell shares promptly at the current market price) received by Computershare during market hours (normally 9:30 a.m. to 4:00 p.m. Eastern Time) will be submitted promptly to Computershare’s broker.** Any orders received outside of market hours will be submitted to Computershare’s broker on the next day the market is open. Sales proceeds will equal the market price of the sale obtained by Computershare’s broker, net of taxes and fees. Computershare will use commercially reasonable efforts to honor requests by Participants to cancel market orders placed outside of market hours. Depending on the number of shares being sold and current trading volume in the shares, a market order may only be partially filled or not filled at all on the trading day in which it is placed, in which case the order, or remainder of the order, as applicable, will be cancelled at the end of such day. To determine if your shares were sold, you should check your account online. If your market order sale was not filled and you still want the shares sold, you will need to re-enter the sale request. + +A day limit order (an order to sell shares when and if the stock reaches a specific price on a specific day) is automatically cancelled if the price is not met by the end of that trading day (or, for orders placed outside of market hours, the next trading day). Depending on the number of shares being sold and current trading volume in the shares, such an order may only be partially filled, in which case the remainder of the order will be cancelled. The order may be cancelled by the applicable stock exchange, by Computershare at its sole discretion or, if Computershare’s broker has not filled the order, at a Participant’s request made online. + +For a good-til-cancelled (GTC) limit order (an order to sell shares when and if the stock reaches a specific price at any time while the order remains open (generally up to 30 days), depending on the number of shares being sold and current trading volume in the shares, sales may be executed in multiple transactions and over more than one day. If shares trade on more than one day, a separate fee will be charged for each day. The order (or any unexecuted portion thereof) is automatically cancelled if the price is not met by the end of the order period. The order may be cancelled by the applicable stock exchange, by Computershare at its sole discretion or, if Computershare’s broker has not filled the order, at a Participant’s request made online. + +**This next section only applies if you make your sell request in writing, by sending ComputerShare a LETTER IN THE MAIL:** + +>For any orders not designated as one of the order types set forth above, Computershare may, in its sole discretion, treat such order as a market order or batch order (an accumulation of sales requests for a security submitted together as an aggregated request). Batch order sales will be processed no later than five business days after the date on which the order is received by Computershare, assuming the relevant markets are open and sufficient market liquidity exists (and except where deferral is required under applicable federal or state laws or regulations). Sales proceeds will equal the weighted average sale price obtained by Computershare’s broker for all shares sold in such batch on the applicable trade date or dates, net of taxes and fees. Any such orders received by Computershare are final and cannot be stopped or cancelled. For an additional fee, a participant may choose additional proceeds delivery option which may be available. These include electronic funds transfer and foreign currency disbursement (subject to additional terms and conditions). + +**Example #2: They’re slow, outdated. I couldn’t remember my password and they wouldn’t let me reset it online!** + +ComputerShare is an online company. They are handling REAL property, real DRS share certificates worth billions and (potentially) trillions. They have processes in place purposefully to be slow when it comes to **security**. They don’t want you to be able to get phished or hacked, so they have things that are *inconvenient* to you, to **protect** you. There was an example someone made where they forgot their ComputerShare password. ComputerShare made them submit documentation and then they sent password reset instructions **in the mail**. That’s for your protection, don’t be dumb and misplace your fucking password. + +When you log in, ComputerShare makes you answer personal questions. They show you a custom graphic to confirm that you are logging on to the right page. They alert you immediately upon login if anyone attempted to log in as you and failed. The only way it could be better in my opinion is if they also added 2FA. + +Personally, I have received all ComputerShare letters in 2-3 days. + +**Example #3: Read online reviews, ComputerShare is a nightmare!** + +Take a look at the [Yelp](https://www.yelp.com/biz/computershare-canton) reviews for example. + +Lots of people complaining that they had to wait for things to arrive in the mail (account verification code for example). Or that they couldn’t immediately process a transaction for a deceased relative without a load of paperwork. Or that changing contact information, last names, phone calls… etc are extremely slow and they require a lot of information from you to do things for you. **This is all security.** + +We are in 2021, where everything is immediate. Stock certificates and shares should be viewed more like holding a title or deed to a house. It **should** be a bit more cumbersome and slow to protect people from scams and fraud. + +Someone calling to try and change the name on their ownership.Someone calling to try and sell shares of a dead relative.Someone calling saying they lost their physical certificates.Etc. + +It should be hard to deal with these things. They need to prove you are who you say you are. If you have all the paperwork, answers to questions… etc. You won’t have a problem. + +Tips: + +* Use a unique and hard to guess **username**. Keep it stored, in password manager that is under a password, biometric or 2FA system. +* Use the hardest security questions you can easily remember. Write them down somewhere secure (password manager). Don’t forget them, don’t screw them up. +* Use a **unique password** that is difficult / impossible to guess. Also keep it stored in a password manager with high security and a (different) password to access. +* Don’t be a boomer and forget. Use a password manager, write it down and lock it in a safe. We’re talking about actual assets worth $$$ here. + +## Use ComputerShare + +Like I said earlier. The more and more I learn, the more I am convinced that ComputerShare **is the way**. If **everyone** held some / most / all of their shares with ComputerShare, MOASS would be immediate. The shares would be removed from the DTC, they would no longer be owned by Cede & Co. YOU would be the owner. There would be no lending, no shorting, just real shares. + +If / *when* GameStop issues a non-cash (nft) dividend, anyone holding on ComputerShare will get the dividend **directly** from GameStop. There will be no confusion, no DTC holding things up, no cash equivalents. GameStop knows who you are, they are able to provide you with what you are owed immediately. + +If / *when* GameStop decides that the DTC is incompetent and can no longer handle GameStop share certificates correctly, they may attempt to pull them back to ComputerShare OR their own / new registration system. Either way, as someone who holds through ComputerShare, you are already **free** from the DTC system. You will be the first to move over to the new system, or will already be on ComputerShare. + +**The individual investor’s best way to purchase.** + +Lastly. I just learned this, when you purchase with ComputerShare, the chances are **very good** that your BUY order will be processed in a BATCH. What this means, is that your order will be joined with OTHER buy orders for GameStop for that day. Let’s say 1000 apes are buying 1 share each. The exchange won’t be hit with 1000 individual orders for 1 share, it will be hit with **1 order for 1000 shares**. This absolutely affects the price unlike the odd lots and orders under 100. The orders are larger. They are also market orders, so they EAT UP asks. It is REAL FUCKING BUYING PRESSURE. + +Finally: Dark pools don’t mean shit for ComputerShare. It doesn’t matter if they use IEX, NYSE or any other exchange to buy your shares. In T+2 days your shares are **removed** from the DTC. It doesn’t matter if they were naked shorts or phantom shares, they have pulled real shares from the DTC and given them to you. They are YOURS now and they are GUARENTEED TO BE REAL. + +BOOM. MOASS. + +As always: **This is not financial advice. I cannot directly tell you what to do with your shares. My only recommendation is to research ComputerShare more and let’s all work together to dispel the FUD.** + +TA;DR: ComputerShare rocks. 🚀🚀💎👐 +I have been earning anywhere from $700K to $1.5M per year AGI over the last 4-5 years, and as you can imagine paying **a lot** of Federal + CA taxes. While I'm not fatFIRE'd yet I'm considering taking a year long break from work sometime in the next year or two, and trying to plan how to best use the "opportunity" to balance tax, investments and anything else. + +I expect my taxable income during the time to only be from stock dividends, so overall pretty low. + +The biggest question is whether I should take the whole calendar year off or something like July-June so I can split the income in two tax years, reducing what goes into the highest bracket in both years. + +Another option is to use the opportunity to liquidate a ton of investments and take a one-time tax hit on the gains. I can do it towards the end of the year and then reinvest the money a month later. + +Thoughts on any other approaches I could be taking? Kinda related – someone I know actually did this while working on a startup idea and qualified for low income home purchase in the Bay Area, which was pretty shitty of them. +I have long been a follower of this subreddit and wanted to reach out to you all to see who would be interested in creating a work group revolving around quantitative sports betting. + +&#x200B; + +About me: I have a PhD in Mathematics and Computer Science. I have been involved in quantitative trading for equities for a little while now working for a hedge fund. + +&#x200B; + +I think there is a lot of scope in quantitative sports betting. Though there are a few rising funds which do this now, this is still a nascent market. Arbitrage opportunities for retail traders still existed until only a couple years ago, and though they might still today, I want to focus on more quantitative models for predicting the outcomes of matches. + +&#x200B; + +In the worst case, this would be a study group for people interested in exploring the possibilities here and learning some cool new ideas. At best, this would be the first step towards a small sports quant fund or for a few of us to earn a few thousand bucks. + +&#x200B; + +Ideal people for this group: Should already know programming and have decent quant and statistical skills, though expertise not required. We would all be learning here. Should be willing to explore new things and willing to spend the initial time and grind it takes when entering a new field. As all us do have other jobs, we should only expect a few hours of work each week. I think a small group of maximum 4-5 people would be best given the nature of this as an online study/work group. I think progress is faster with a study group rather than individually when exploring something new, hence this post. + +&#x200B; + +Regarding what sports to focus on, I had tennis on my mind because I conjecture that it would be one of the easier sports to work with. Team sports like baseball, football and basketball I conjecture to be harder to model (players keep changing teams to name one complication), but this should be something to explore in due time. I know that a lot of the rising sports quant fund make a lot of money from e-sports tournaments as well, so ultimately I want to get there as well. + +&#x200B; + +Once we have a working team, I will begin a blog with weekly updates on our progress, ideas to explore and share interesting articles. + +&#x200B; + +For anyone interested, please PM me. For anyone with good resources or insights to share on the topic, please do so as a comment so that interested others can also have a look at them. +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** +I've held Ether since before the fork and I plan to hold for a while longer. I have a more philosophical question around long term holding and when to determine to sell. I hold over 100 ETH purchased well below the current spot price. + +Personally, I got involved in cryptocurrencies for your typical BTC reasons (distrust of government, fiat etc). Assuming Ethereum does revolutionize the way the web works, would it **ever** make sense to sell? + +If ETH and other altcurrencies are the currency in which this new economy operates, why would it ever make sense to sell for fiat? Why would it ever make sense to cash out or even buy goods and services with ETH if the price is highly likely to increase? + +Example: I attend a weekly meetup here in Austin hosted by Factom and one of the founders bought a Tshirt for 20 BTC in the early days of bitcoin. 8 years later, I'm sure it's a regrettable transaction. + +The implications of blockchain are huge and I'm not convinced it makes sense to ever cash in for fiat in the next few years. I have no plans to sell my ETH in the next year or 2 but I'd like to get the thoughts of anyone else who has been wrestling with this question. + +thanks. Love this subreddit and hope it continues to be a positive and informative community as ETH grows. +Sorry for the silly question but I’m an absolute beginner at crypto and saw that it’s reached 3.3k - too late to buy in now? Thanks in advance and no hate please + +Edit to add: thank you ALL so much for the response and polite assistance. And, well noted- am going to buy in now! Cheers everyone + + +I’m wanting to pose a scenario to this group and see if anyone can poke holes into this plan. + +I have a lot of equity in my home currently. I bought it 5 years ago on 15 year note so an aggressive payoff schedule and appreciating home values have left me in good position. I’m wanting to take out a HELOC to buy 100 shares of either an s&p index fund (spy)or nasdaq index fund (qqq). My plan would be to buy the shares and then sell a covered call every month. The premium collected would be used to pay down the HELOC. My thoughts are that by doing this for 6-7 years, the HELOC will be paid off and I will have 100 shares of an index fund that has grown over 6-7 years. Even with doing this, I’m still in a great position on my home. Rate on the HELOC is 4% fixed so I’m not overly worried about rates sky rocketing + +My thoughts are that I would be able to amass a decent portfolio using other peoples money. Let me also preface this by saying I’m in my early 30’s and make good income so I could float the payment on the HELOC if for some reason i wasn’t able to sell a covered call. I have 401k, emergency savings, and everything else so that’s not really a concern. I also plan on being in my home for many years so I’m not worried about that. + +Let me know if there is something I’m missing! + +Not sure your views on Loopring, not sure it matters cause it’s good news for all, but the GameStop NFT beta wallet has just [launched!](https://twitter.com/gmedd/status/1528517009629016064?s=21&t=1GX0imOnDfI-TUJ3WFrAyg) + +Features include 1) your keys, your wallet 2) decentralized Ethereum apps 3) “fast and fairly priced transactions on Loopring” and 4) NFT transactions and storage! + +I know the market is down, but it’s fantastic seeing companies like GameStop invest capital into the crypto ecosystem. The crypto market may be bearish today, but I can’t help but hold a bullish long-term outlook with news like this. +As the title says, I got a ridiculous 1099 from Acorns for no dividends, qualified dividends, or gains or losses for over $1. I know that the IRS calculates tax in $50 chunks but if I run it thru turbotax and see no change in my refund is it necessary to amend the return? + +EDIT: Honestly only expected a handful of responses to this when I posted it this morning as I was drinking my coffee, but damn thanks everyone! Appreciate the advice! +EDIT: Shills are on full blast like some kind of bad comedy joke. Psssht. It seems to me that they are afraid of SHAREHOLDER PROPOSALS and are discrediting Dr. T in attempts to make us associate SHAREHOLDER PROPOSALS with her. I'd also love to see some DD from a wrinklier ape than myself about the SHAREHOLDER PROPOSAL process and any stipulations that an ape who is interested in filing one will need to know. + +🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍 + +Alot of negative sentiment going around with claims of Dr Trimbath's "dislike" for apes, and her "speaking down" to us in that post. What a joke! She was the original advocate for DRSing our shares (months before it actually caught on) and advocates for us and the retail trader across all markets as a whole. We know this. So when I see comments like "I'm not going to listen to someone who doesn't respect us", I smell bullshit immediately. There must be something about us filing shareholder proposals that really shakes whoever is behind this FUD campaign. If I had to guess, it's probably the same people short on GME, but idk. I'm just a big ole dum dum. When I see negativity on something I believe to be beneficial to the company and stock I love, I just downvote and move on. +So Ive been researching a lot of placed in EU, checked salaries, taxes, cost of living, other peoples experiences, and basically what I gathered is: its technically impossible to have a decent life and save money unless you are a CEO or a higher up, or live rent free at parents, or gained a nice inheritance. +Basically most comments said 'dont eat out often, dont go out often, rent outside of city center, dont use public transport'... Now these were mostly for switzerland, but considering switzerland still has the best after tax PPP I guess other countries are no better... + +That said these were for starting salaries after graudating -graduating after masters degree in a pretty well paid field,finance/econ/data analysis- +Do these comments and stuff reflect reality? Because this is pretty fucked up then. +This post is in two parts. 1 part emotion, and 1 part the usual financials. + +33/m married. Wife is stay at home mom of our 2 year old. + +## Touchy Feely Emotions: + +I grew up poor. My parents were able to rise above the poverty line here and there, but it wasn't consistent. Imagine my surprise when I started making 6 figures. An even bigger surprise happened when I was an early employee of a tech "unicorn" that went on to IPO. + +This has caused some internal conflict for me. I never knew much of the world _before_, but now I've traveled everywhere and seen many things. I've seen that life can be so much more than the biggest lesson I was taught when I was young: **Make More Money**. + +I look at my money every day. I secretly love it. I love the warm feeling it gives me -- of safety, of escaping the throes of my childhood. + +Today, I'm exercising safety net to take a step out of the rat race for a while. This will be the first time I've not had a job since I was 14, and I'm freaking out. + +## Current Stats: + + + +We are always moving our FI number around because we can never decide where we want to live. The last 10 years, we've lived in San Francisco, London, and Oklahoma. Now we are doing a 6 month stay in Eastern Europe. If we settle in a place like Oklahoma, we could FIRE in just a couple of years. If we made camp in SF, it would be another 20 years. + +Assets are mostly liquid. Huge chunk in IRA / 401k. No debts. + +I just quit my 200k job in order to go to Europe. My wife is from the city we'll be living in and I've been there 7 times so it won't be anything new to us. This 6 month trip will cost us about 9k in USD for living expenses. It's very cheap there. + +The opportunity cost is roughly 55k of lost savings plus I'm the CTO of the company so I've just forfeit future vested options. (it was a mildly successful startup) + +I was feeling burnt out. I had been doing startups for 10 years and I wanted to change to a bigco. But before I take the plunge, we found no better time to do an extended European trip as our son is not in school yet and the wife has no income earning job. + +Plans: + + - 1 month of rest. Just see her family. Eat Mediterranean food. Heal from all that work. + + - 5 months of tinkering with small time business ideas to earn new streams of passive income. (I've already successfully done this once with a website that nets a couple grand a month) + +How silly am I to have thrown all this stability away? +[https://imgur.com/a/i6PWTJ2](https://imgur.com/a/i6PWTJ2) + +She is 7 years old. For a year now, every Saturday she gets £1 in 10 x 10p coins and she decides how to distribute them between these three jars herself. It's really helped her understand the value of saving \- in fact, I have to encourage her to actually spend some of it instead of hoarding it all. She's got about £30 in the Save jar now, about £20 in the Give and another £20 in the Spend (her birthday money gets distributed too). When she's ready she can decide where she wants to Give money to go. +Could be on anything: career advice, investing, taxes, lifestyle, happiness, whatever. + +To avoid sounding like I'm fishing for rich subreddits to troll, I will add that I am specifically looking for advice on prioritizing happiness after decades of prioritizing prestige, but honestly I would be interested in all things related to this sub. +*It’s been 2 months since [my post seeking advice](https://www.reddit.com/r/fatFIRE/comments/nouscn/a_fork_in_the_road_to_fatfire_as_a_staff_software/) and /u/Notary_Reddit [suggested](https://www.reddit.com/r/fatFIRE/comments/nouscn/a_fork_in_the_road_to_fatfire_as_a_staff_software/h6f97tb/) posting an update.* + +## Recap of my situation + +> I’m currently an individual contributor at a large (non-FAANG) software company. I’ve spent my entire career here, from intern, spanning a bit over a decade (I’m early 30s). According to levels.fyi, my current position best aligns with Google’s L6, Facebook’s E6, or Microsoft’s level 66. I report directly to a VP, whose other IC direct reports are L7-equivalent. I’m on track for promotion to L7-equivalent (potentially this year, realistically next year) and have been told that I have L8-equivalent potential. + +I was considering 4 paths forward: + +1. Continue on this trajectory. 45-50 hours/week. +2. Stay with my company, but shift my work/life balance in the direction of life. Aim for ~35 hours/week. +3. Switch to something intrinsically fulfilling, such as a non-profit. +4. Hop companies. + +I’m optimizing for maximizing free time over the rest of my life, based on actuarial tables and giving added weight to free time during my younger years. + +## Summary of the advice you all shared + +For **option 1**: /u/fatfirewoman [encouraged](https://www.reddit.com/r/fatFIRE/comments/nouscn/a_fork_in_the_road_to_fatfire_as_a_staff_software/h020nmn/) ruthless prioritization to maximize my impact on 1-2 projects while bringing my hours down to 40 hours/week. /u/zazrouge [pointed out](https://www.reddit.com/r/fatFIRE/comments/nouscn/a_fork_in_the_road_to_fatfire_as_a_staff_software/h02jy0s/) that many people become less hands-on with code as they become more senior (/u/batua78 [agreed](https://www.reddit.com/r/fatFIRE/comments/nouscn/a_fork_in_the_road_to_fatfire_as_a_staff_software/h02qob4/)) and /u/hanasono [described](https://www.reddit.com/r/fatFIRE/comments/nouscn/a_fork_in_the_road_to_fatfire_as_a_staff_software/h03euwn/) themselves as a counter-example as an L8 who [spent](https://www.reddit.com/r/fatFIRE/comments/nouscn/a_fork_in_the_road_to_fatfire_as_a_staff_software/h044eyk/) a lot of time working directly on software and reviewing code. /u/shock_the_nun_key [reminded me](https://www.reddit.com/r/fatFIRE/comments/nouscn/a_fork_in_the_road_to_fatfire_as_a_staff_software/h02bn4m/) (and /u/green_night [agreed](https://www.reddit.com/r/fatFIRE/comments/nouscn/a_fork_in_the_road_to_fatfire_as_a_staff_software/h02w2b0/)) that my tenure helps me get things done. /u/Unlucky-Prize [wondered](https://www.reddit.com/r/fatFIRE/comments/nouscn/a_fork_in_the_road_to_fatfire_as_a_staff_software/h03uw7h/) about finding someone to shield me from politics and bureaucracy. + +For **option 2**: /u/lottadot [felt](https://www.reddit.com/r/fatFIRE/comments/nouscn/a_fork_in_the_road_to_fatfire_as_a_staff_software/h02mq85/) and /u/icheckucheck [agreed](https://www.reddit.com/r/fatFIRE/comments/nouscn/a_fork_in_the_road_to_fatfire_as_a_staff_software/h02q017/) that I’d figured it out with this option. /u/sstable [asked](https://www.reddit.com/r/fatFIRE/comments/nouscn/a_fork_in_the_road_to_fatfire_as_a_staff_software/h037brr/) some good questions about what this would look like in practice. + +For **option 3**: /u/Lucasa29 [cautioned](https://www.reddit.com/r/fatFIRE/comments/nouscn/a_fork_in_the_road_to_fatfire_as_a_staff_software/h024b4m/) me against assuming that working at a non-profit would be easier. /u/FragrantPalmLeaves [recommended](https://www.reddit.com/r/fatFIRE/comments/nouscn/a_fork_in_the_road_to_fatfire_as_a_staff_software/h02fbf9/) volunteering instead, and ([along with](https://www.reddit.com/r/fatFIRE/comments/nouscn/a_fork_in_the_road_to_fatfire_as_a_staff_software/h0bg0t4/) /u/Common-Credit660) [shared](https://www.reddit.com/r/fatFIRE/comments/nouscn/a_fork_in_the_road_to_fatfire_as_a_staff_software/h0497uf/) some pointers for getting started. /u/navytank [provided](https://www.reddit.com/r/fatFIRE/comments/nouscn/a_fork_in_the_road_to_fatfire_as_a_staff_software/h03bofk/) a variation on this option: working at one of the [Digital Services Coalition](https://digitalservicescoalition.org/) companies. /u/jrwren [shared](https://www.reddit.com/r/fatFIRE/comments/nouscn/a_fork_in_the_road_to_fatfire_as_a_staff_software/h030xqx/) another variation. + +For **option 4**: /u/dailytwiddle [pointed out](https://www.reddit.com/r/fatFIRE/comments/nouscn/a_fork_in_the_road_to_fatfire_as_a_staff_software/h01z3sp/) & /u/throwsomewayss, /u/kebabmybob, and /u/purelfie [shared](https://www.reddit.com/r/fatFIRE/comments/nouscn/a_fork_in_the_road_to_fatfire_as_a_staff_software/h020ln6/) [similar](https://www.reddit.com/r/fatFIRE/comments/nouscn/a_fork_in_the_road_to_fatfire_as_a_staff_software/h02zeff/) [perspectives](https://www.reddit.com/r/fatFIRE/comments/nouscn/a_fork_in_the_road_to_fatfire_as_a_staff_software/h026w5g/) that I could interview to get a better sense of my market value and /u/Deathspiral222 [shared](https://www.reddit.com/r/fatFIRE/comments/nouscn/a_fork_in_the_road_to_fatfire_as_a_staff_software/h03svq8/) that interview prep probably wasn’t as big of a hurdle as it feels and /u/Semisonic [nudged me](https://www.reddit.com/r/fatFIRE/comments/nouscn/a_fork_in_the_road_to_fatfire_as_a_staff_software/h03gi2f/) not to be lazy and short change myself. On the other hand, /u/vpokedad [pointed out](https://www.reddit.com/r/fatFIRE/comments/nouscn/a_fork_in_the_road_to_fatfire_as_a_staff_software/h04a08w/) that interviewing at this level can be hard if you’ve never done it before and /u/fawgivemyignorance [also felt](https://www.reddit.com/r/fatFIRE/comments/nouscn/a_fork_in_the_road_to_fatfire_as_a_staff_software/h04rw7f/) the prep process can be time consuming. /u/SomeoneNicer [noted](https://www.reddit.com/r/fatFIRE/comments/nouscn/a_fork_in_the_road_to_fatfire_as_a_staff_software/h02atux/) that this option would get me to fatFIRE fastest. /u/dukeofsaas [reminded me](https://www.reddit.com/r/fatFIRE/comments/nouscn/a_fork_in_the_road_to_fatfire_as_a_staff_software/h02rqf2/) of the time I’d invest and quality of the sales pitches I’d receive. /u/sous_vide_slippers [started](https://www.reddit.com/r/fatFIRE/comments/nouscn/a_fork_in_the_road_to_fatfire_as_a_staff_software/h02r2jw/) a whole little comment tree about trading firms. /u/kevin9er practically [offered](https://www.reddit.com/r/fatFIRE/comments/nouscn/a_fork_in_the_road_to_fatfire_as_a_staff_software/h034xia/) me a job. + +Other notable advice: + +* /u/ipod123432 [pointed out](https://www.reddit.com/r/fatFIRE/comments/nouscn/a_fork_in_the_road_to_fatfire_as_a_staff_software/h02dxcm/) that equity was the biggest problem with my compensation and /u/printerd00d2019 [shared some data points](https://www.reddit.com/r/fatFIRE/comments/nouscn/a_fork_in_the_road_to_fatfire_as_a_staff_software/h03uowu/) and /u/greygray [shared](https://www.reddit.com/r/fatFIRE/comments/nouscn/a_fork_in_the_road_to_fatfire_as_a_staff_software/h16i76i/) a [reference site](https://levels.fyi/) to help me calibrate. +* /u/allenmhc [provided](https://www.reddit.com/r/fatFIRE/comments/nouscn/a_fork_in_the_road_to_fatfire_as_a_staff_software/h01yuc1/) a really thorough response touching on retirement spending, burnout, and career length. /u/ff___throwaway [shared](https://www.reddit.com/r/fatFIRE/comments/nouscn/a_fork_in_the_road_to_fatfire_as_a_staff_software/h02l2nx/) some related thoughts on retirement spending. +* /u/Smurph269 [reminded me](https://www.reddit.com/r/fatFIRE/comments/nouscn/a_fork_in_the_road_to_fatfire_as_a_staff_software/h02vmu4/) of hedonic adaptation. +* /u/Notary_Reddit [suggested](https://www.reddit.com/r/fatFIRE/comments/nouscn/a_fork_in_the_road_to_fatfire_as_a_staff_software/h03cx7c/) a sabbatical and /u/Deathspiral222 [shared](https://www.reddit.com/r/fatFIRE/comments/nouscn/a_fork_in_the_road_to_fatfire_as_a_staff_software/h03sbo2/) similar thoughts. +* /u/ComprehensiveYam [questioned](https://www.reddit.com/r/fatFIRE/comments/nouscn/a_fork_in_the_road_to_fatfire_as_a_staff_software/h03pkzh/) the metric I��m trying to optimize, suggesting that I’d undervalued calendar time till retirement. +* /u/nWjGf [told me](https://www.reddit.com/r/fatFIRE/comments/nouscn/a_fork_in_the_road_to_fatfire_as_a_staff_software/h03f5rv/) I was overthinking things. + + +And stating what should have been obvious, but needed to be said, /u/james-alcock [shared](https://www.reddit.com/r/fatFIRE/comments/nouscn/a_fork_in_the_road_to_fatfire_as_a_staff_software/h01z2yu/) a helpful perspective: + +> Knowing what you want out of life is the hard part. + +## An update on where I'm at + +For now, I’m holding off on moving, but following /u/fatfirewoman’s advice to ruthlessly prioritize. I’ve delegated things I had been thinking of as undelegatable to some of my L5s and it’s going okay overall. I’m down to 40-45 hours/week. I see this as doing (1), but more efficiently. + +Amusingly, /u/granbolinaboom’s [prediction](https://www.reddit.com/r/fatFIRE/comments/nouscn/a_fork_in_the_road_to_fatfire_as_a_staff_software/h022otp/) was closest to being what happened: + +> Careful! If you stop caring you might end up getting promoted. + +I’ve been promoted to L7-equivalent. With that I got a $60k bump to my total comp, and I’m expecting more. (Our equity refreshes and raises happen on different cadences, for whatever reason.) + +I know I’m still leaving money on the table, but for now I’m okay with that. Free time to live life matters more. + +If you’d like, AMAA; I’m happy to share pretty much whatever, but may skip questions I feel would risk de-anonymizing me. +I have a 2018 SUV that I bought brand new a few years ago. I got a call from the dealership asking if I would be willing to trade it in, as the used car market is skyrocketing right now and they could really use it. + +When I bought my car I put $7500 down and my current payments are $380 a month. I don’t have much savings to put down on a new car, but the dealership promised I would get a monthly payment at the same rate or even lower than what I pay now + +My current car is in pretty great condition. I have a 100,000 mile warranty, keep it serviced regularly, have new tires, and keep it spotless. The only flaw is a bump on the back fender where I ran into something. But the dealership said they would still take the car with this flaw. + +I don’t need a new car, but the opportunity seems to good to pass up. Is it worth it or a scam? +I’m up $150k this year on short term capital gains. That’s gonna hurt come tax season, it’s basically a $70k tax liability. + +Could I do something like this: buy SPY shares, and create a synthetic SPY short at the same time. Then if SPY skyrockets, I close the options for a loss. Bring my tax liability down to 0. I’ve transferred the gain over to SPY, and I don’t have to worry about it until 2022– hopefully, I’ll eventually make it pong term capital gains at a lower rate. If not, at least I’ve deferred it. + +Any drawbacks here, or any other alternatives I should look into? +Sometimes a shark doesn’t know a good thing. + +Ring, the video-doorbell company that Amazon.com Inc. AMZN, +0.38% bought Tuesday for more than $1 billion, was rejected by a panel of investors on ABC’s “Shark Tank” in 2013. + +Jamie Siminoff, the founder and chief executive of Ring — then called DoorBot — went on the show seeking investors for his nascent business. Pitching it as “caller ID for your door,” Siminoff was seeking $700,000 for a 10% stake in the company — a $7 million valuation. + +No one bit, except for investor Kevin O’Leary, who offered a $700,000 loan, 10% of all sales until the loan was paid off, 7% royalties on all future sales and a 5% stake in the company. + +Those terms didn’t work for Siminoff, who walked away from the offer. + +“I remember after that ‘Shark Tank’ episode literally being in tears,” Siminoff told CNBC last year. “I needed the money, we were out of money at the time.” + +But sales picked up after the show aired, and four years and a new name later, Ring had 1,300 employees, was sold in 16,000 stores and had a billion-dollar valuation. + +One prominent investor did latch on early, however — Virgin Group billionaire Richard Branson, who participated in a $28 million funding round in 2015. + +“I couldn’t quite work out why the sharks turned him down, it just seemed to be a wonderful idea,” Branson later said during a guest appearance on “Shark Tank.” + +Published by MarketWatch.com +Link (Source):https://www.marketwatch.com/story/ring-which-amazon-just-bought-for-1-billion-was-once-rejected-by-shark-tank-2018-02-27 + +Note: Great one Amazon! [Also happy for the founder of Ring] +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). +We have had The Purge, we have had one-on-one single day bets (Salty Toppings). In the past there was a proposal to create a portfolio of meme stocks and allow members to guess (in a "closest to the pin" style contest) the value of the portfolio after X trading days (allows us to go on the daily ride up and down for a number of days rather than blowing our load in one day). Any other suggestions? + +Edit : Looks like it will occur pretty soon - [https://subredditstats.com/r/asx\_bets](https://subredditstats.com/r/asx_bets) +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). +The biggest ever Bitcoin options expiry is due on March 26. Over $6 billion worth of Bitcoin options will expire across exchanges on Friday, at 4pm UTC to be precise. This will be a record expiry in terms of the value and number of options, a total of 100,400 Bitcoin options will expire. The previous record was set in January when nearly $4 billion worth of options expired, representing 36% of the open interest at the time. + +But after each expiry this happens. So strap on for some serious action next week and beyond. + +Edit: want to link to [**u/the\_far\_yard**](https://www.reddit.com/user/the_far_yard/) great follow up post with a stack load more data here - [https://www.reddit.com/r/CryptoCurrency/comments/mdykmt/what\_happens\_to\_bitcoin\_when\_options\_expire\_each/](https://www.reddit.com/r/CryptoCurrency/comments/mdykmt/what_happens_to_bitcoin_when_options_expire_each/) + +Well done sir. + +&#x200B; + +[Boing Boing BOING](https://preview.redd.it/urf4v5lneap61.jpg?width=900&format=pjpg&auto=webp&s=cc19e56b93c08f79e11a113f5147a2ad8b75797e) +People always talk about the companies on the list of Dividend Aristocrats (25+ consecutive years of increased dividend payment). These are known to be reliable and well-known companies, but are some of them actually good investments? + +For example, over the past 5 years these are the total returns of some companies on the list: AT&T (-40%), Exxon (-28%), Altria (-30%), Walgreens (-42%), IBM (-23%), Kraft Heinz Co (-58%). ALL terrible returns over the past half-decade. On the other hand, companies such as Home Depot, AbbVie, Broadcom, Bank of America, and McDonald’s all have returns of over 100% each over the same time period, some even up over 200%. + +Yes, all of these companies have solid and reliable dividends. But capital appreciation and total stock price returns should be the main thing people consider rather than a couple dollars in dividends. + +What are people’s takes on this? + + +The LGL Group is an electronics company that is headed by famed value investor, Mario Gabelli. + +The market, as of October 17, 2022, values the company at $24.30 million. Is the company worth that much? Let us dive in. + +As of the previous last quarter, LGL has $22.35 million in cash on hand. The company has no debt. Even without the spinoffs, the Enterprise Value of LGL is $1.95 million. In other words, after factoring in cash and debt, it would only cost $1.95 million to buy the company. The Earnings Per Share of LGL in 2021 was $2.77 per share, compared to nineteen cents per share in 2020[\[1\]](https://www.reddit.com/r/ValueInvesting/submit#_ftn1) and $1.44 per share in 2019. In 2019, LGL made $7.02 million. In other words, the company could be bought off with less than a year’s with of earnings. Free Cash Flow between 2018 and 2020 steadily increased, from 27 cents from 2018 to 53 cents in 2020. + +LGL, through an investment into an SPAC, owns 2,843,935 million shares of IRNT. The problem with this stock is that IRNT has a negative return-on-equity of 884.50 percent, trading 96,58 percent below its’ fifty-two week high, having more current liabilities than current assets; and, has negative earnings, book value, and free-cash-flow. Even Chairman and co-CEO of IRNT, General (Ret.) Keith Alexander, concedes that the company, “encountered unexpected headwinds in our transactional business this quarter. To contain costs, we are undertaking a further restructuring of the company[\[2\]](https://www.reddit.com/r/ValueInvesting/submit#_ftn2),” a plan that may be difficult given the current recession. IRNT is worth 58 cents a share. That means that LGL’s investment into IRNT is worth $1,649,482.30. + +Earlier this month, MPTI was spun-off from LGL. Shareholders of the LGL company would get a half-share of MPTI. In 2021, the earnings per share of the company was twenty-nine cents per share with a current share price of $10.70 (as of October 19, 2022), making the P/E ratio of MPTI to be 310.3. However, this is irrelevant. LGL owns half of MPTI; and MPTI is currently worth $28.92 million, meaning that LGL’s worth into the company is $14.46 million. + +How does LGL compare to other companies? According to MarketBeat, most similar companies (such as Applied DNA Sciences and Midwest Energy Emissions), have a negative price-to-earnings ratio. Furthermore, unlike LGL, which has sales of over $30 million – meaning that the company’s revenues are higher than its’ market value – other companies have market values higher than its’ revenues. The only one whose revenues are largest market value is Chicago Rivet & Machine Co. (CVR). Comparing LGL and CVR, however, shows that LGL has strong clearer financials. Whereas LGL has enough earnings on an average year to pay off their enterprise value, CVR’s earnings yield is less than a 30-year Government bond. + +What is the intrinsic value of LGL? Since Mario Gabelli is the majority owner of LGL, let us divide LGL to three parts: free-cash-flow, earnings per share; and, private market value. + +As explained earlier, average free-cash-flow in 2020 was $3.2 million, up from about $800,000 in 2017. FCF growth during the four years was seventy-five percent. All electronic component companies that were studied on Finviz either had negative free-cash-flow; or, has a low FCF yield. FCF/EV for 2020 for LGL was less than one, meaning that LGL in 2020 alone could have bought their own company. If LGL continued to grow at a mere twenty five percent, the value five years from now would be $17.38 per share. Thus, the value of LGL in terms of FCF is $17.38 per share. + +Now, earnings per share. Over the past four years, the average EPS of the company is $1.16. The current stock price (as of October 19, 2022), is $4.95. This means that the four-year average price-to-earnings ratio of the company is 4.27. Now then, out of the twenty-seven companies (according to Finviz) that have a earnings-per-share growth over the past five years, the median (the fourteenth one, TE Connectivity LTD) has a price-to-earnings ratio of 14.66. That means that, for a company with steady growth, good management, and hidden values, LGL’s price-to-earnings should be based on the median. Under that scenario, LGL is worth $17 per share in terms of earnings. + +Now, private market value. Without cash and since the company has no debt, LGL (as explained before) has an enterprise value of $1.95 million. However, this does not factor in the $16.11 million in stock of IRNT and MPTI the company owns through spinoffs. If LGL were to sell the company’s stake in the two companies, LGL (even without other hidden values), would have an enterprise value of negative $14.16 million. + +So, what is the true value of LGL? With FCF and EPS, LGL is worth $34.38 per share, or a valuation of 6.95 times its’ current price. I believe that the catalyst is that, with a good company run by an investment advisor worth billions, with great financials that is undervalued by the market, someday, someone will recognize the value of the company and say, “hey, LGL is a good company to buy.” Until that day comes, LGL – as long as they steadily grow their FCF and EPS and maintain steady value with their spinoffs – will be profitable. + + + +[\[1\]](https://www.reddit.com/r/ValueInvesting/submit#_ftnref1) The main factor for this significant EPS decline was due to the COVID-19 crisis of 2020 + +&#x200B; + +[\[2\]](https://www.reddit.com/r/ValueInvesting/submit#_ftnref2) https://finance.yahoo.com/news/ironnet-reports-fiscal-second-quarter-202000853.html +Her employer doesnt provide a 401k and she has no savings. She has no plan in place and is completely unprepared for anything. I guess I just assumed my parents had it all together. They don’t. Where do I even begin to help this situation this late in the game? KY +This notice is for the shills, shorters, and had actors that are against the DRS GME movement; + +I see you every day getting angry at a bunch of strangers all over the world who are directly registering their GME shares for some reason. + +I see you doing everything in your power, legal and illegal, to stop MOASS from ever happening. + +It’s honestly hilarious in an ironic way. Every day you have to spend every waking second trying to stop MOASS when all we have to do is play by the rules and just ignore our shares until they’re valued at phone digit numbers. + +But here’s the thing; + +**You haven’t even come close to disproving our DD since this saga began over three years ago.** + +And until you can, no amount of dark pool trading, media and analyst FUD, forum drama, or time is going stop what’s coming. + +So come on. What are you waiting’s for? + +What’s been stopping you from using your obvious intellectual and financial superiority to stop us once and for all? + +I dare you. Do your worst. +Does the title bother you? + +Many of us are cautiously optimistic about the puts expiring in January. There has been a ton of healthy conversation about what happens to those puts when they expire worthless, and how the hedge funds may hide their short positions moving forward. + +In all likelihood, they will have options to make it temporarily dissappear into the future. + +We need to be fully prepared to see nothing happen in January. If we see another squeeze, or the full on MOASS, great. If we don't, that's ok too. + +We need to understand that HF's and the MSM will most likely use this opportunity to try and invalidate a year of hard work and research by saying it's been over since the sneeze. + +TLDR: buy, hold, DRS. +https://markets.businessinsider.com/news/stocks/coronavirus-fuel-recession-forecast-us-europe-economic-july-market-jpmorgan-2020-3-1028994637 + +A new economic-growth estimate from JPMorgan projects that a recession will hit the US and European economies by July. + +The bank said its views of the coronavirus outbreak "have evolved dramatically in recent weeks." JPMorgan economists now expect US GDP to shrink by 2% in the first quarter and 3% in the second. + +Eurozone GDP could contract by 1.8% and 3.3% over the same periods, the economists added. + +The "sudden stop" to economic activity through quarantines, event cancellations, and social distancing contributed to the downward revision, alongside recent weeks of financial-market chaos. + +"As we resign ourselves to the inevitability of a large and broad-based shock," nations' economic policy responses are key to preventing an even longer downturn, the economists added. +A while back, [I commented](http://www.reddit.com/r/finance/comments/1qe0ga/work_in_finance_can_you_describe_a_typical_day/cdbwgie?context=3) on a thread asking for Finance people to describe a typical day. Since then, I've received numerous PMs asking for advice. I figured I would post an AMA here to gain more visibility and see if there are any lingering questions our there. Fire away! + +~~**edit 1: It's 11:15pm PST and I'm going to bed. Will be back in the morning to answer questions if you've arrived late to the party**~~ + +~~**edit 2: Back and answering questions as of 8am PST**~~ + +edit 3: The questions have died down, but feel free to shoot me a PM. Happy to answer! +Since there are overlap stocks between those 3 ETFs, would it still be a good idea to have all 3 of them or just have 2 or 1? + +Say i have +60% VTI +10% VEA +20% QQQ +10% SPY + +is it better to just remove either qqq or spy and put the allocation in the etf that you dont remove (qqq or spy)? +I have been holding CLOU and HERO for sometime now and surely have not been disappointed thus far with their respective performances. + +Was wondering on this subreddit's general thoughts/experience with the funds from GLOBAL X ETFs? Also, buy recommendations are welcome as well. Interested in conducting further research in the near future. + +Edit: Minor addition to phrasing and context. +What would you suggest to someone who wants to do a one time investment (\~$50k-75k) in ETFs (probably all-world ETF or S&P 500 ETF) in the current financial climate. Since price of ETFs are going down since beginning of the year, and might go down even further (in anticipation of FEDs action regarding inflation). Do you think it is worth waiting to see how will stock market react in the next months, or you think I shouldn't wait anything? Or maybe I should spread buys during this year, like spending 10% of the money each month, to minimize the risk? + +I do plan to keep this investment 15-20 years, but I didn't plan to do any periodical additional investments, so starting buying price will have significant impact on the end result. +Popular theory here always says the best time to buy was yesterday and the next best time is today. People also say the market will just keep moving up for the rest of our lives, obviously with downs in between. + +So if you could stomach the chaos of a 3x, why don't more people just go all in or majority in on these ETFs if everyone seems so sure the market will keep going on until retirement. + +According to Portfolio Visualizer. If you put in $1500 in SOXL in 2017, you have $17k roughly right now, compared to $2800 VT. + +I won't pretend to be some professional on knowing how 3x ETFs work and if I'm missing something or way off, I want to learn. + +What's the deal here? +I am a early career physician and been lurking here for awhile. I see a lot of tech represented in this forum but not a lot of physician posts. Wondering if there are any lurkers out there who wanna dispense tidbits of wisdom for youngsters like me. How you folks got where you are today ? Steady save/invest with job or did you do outside extracurricular activities? What's your FatFire number and what's a reasonable FatFire number for a physician? I see a lot of tech folks with 8 figure net worth that seems frankly unreachable to me .... + +A bit about me ... mid 30's, married w SAH spouse, a partner in single specialty group, 1 kid, LCOL area, make 500-700 a year, NW around 2 million (primary residence + stocks), no other extracurricular activities. +https://brave.com/twitch-support/ +Nice to see them deliver. This basically doubles the available user base (beyond just Youtubers). Don’t be surprised if you hear about BAT next time you are watching a stream :) +I’ve asked my mom multiple times to make me some food I can freeze and a hat/scarf set from Walmart for Christmas. She can still feel good about giving me something and it won’t cost her much. + +She bought my husband a gift card for video games and bought me a monopoly I don’t want and a sweater, that I know of. + +Anyone else have parents that do this? She has 15$ to her name and creditors calling constantly. I just wanted to spend the day with her and now we are fighting because I told her she’s just buying this stuff so that she feels good. No one enjoys her spending outside her means. + +I can’t be the only person dealing with this. + +Edit: Thanks for some perspective guys. It’s been helpful to read everyone’s stories and learn how you navigate the holidays. My mom won’t recognize me tomorrow since my heart grew three sizes today! Happy holidays everyone +I recently completed seven different interviews and was presented with an interesting question. Do I value money or power? + +For background I'm a 35 year old male, I've spent my career in the intersection between life sciences and technology. + +The two most compelling offers I got were as follows: + +Role 1) software sales advisor (director role) at a non-FAANG silicon valley mid-growth company. Individual contributor building a department with a handful of others. All in comp 400k, significant growth potential in stock which has doubled every year or so. + +Role 2) VP role at a large hospital network. Approximately 200-250 people reporting into me. All in comp 300k. Stock is pretty stagnant with a small increase over time. + +I took role 1 - if it better with what goals are right now and long-term career growth potential given the title is relatively low. One of the driving reasons behind my choice was I was starting to feel like I hit a ceiling on my comp in straight Life sciences healthcare plays. Expanding into tech made great sense to me. + +What do you think? Would you have done the same thing in my shoes? +The only people that will ever know how ape this whole event was is us. + +People say the best memories are those that you can’t explain. To literally anyone else who isn’t a part of this, they will not understand how truly retarded this whole drama is. It’s autism knows no bounds. It’s primal. + +Yeah, the tendies will be nut-worthy, but the best thing about this whole thing will always be the fact that it was made possible by nobodies. Nobodies from all walks of life who saw beyond the veil of bureaucracy, beyond its ballshit and finally took a stand. + +To hell or high water this is something I hope none of us ever forget. If the squeeze hits these ungodly numbers, I genuinely don’t know how I’ll ever be able to explain how f*cking epicly extra chromosome the backstory was. + +Regardless. I am happy to be part of the 0.1%. + +Give back, spread joy. Buy the homeless man a baguette. + +See you on ze moon. + +Ape. +The fire calculator that u/EngagingData put together is seriously great. I've seen it mentioned in a couple of comments, but I thought it deserved it's own post. + +I really like the way you can play with the inputs and instantly see how the path to FI changes with things like savings rate, market returns, asset allocation and other things. + +[https://engaging-data.com/fire-calculator/](https://engaging-data.com/fire-calculator/) + +in fact, I think it should be added to the sidebar (especially since networthify, which calculates a similar thing, but not as well, doesn't seem to work anymore, i get a gateway error). Can a mod post it there for all the newbies (including myself) can find it and use it. + +​ + +**Edited to add info based on the comments:** + +1- This is primarily a *pre-retirement calculator* . this means it will calculate how long it takes to get to some target amount of invested money. + +2- If you want to figure out how much money you need in retirement, the calculator just uses the 4% rule on retirement spending, but u/EngagingData has a *post-retirement calculator* you can use to dial that fire target number in more carefully here: r/[https://engaging-data.com/will-money-last-retire-early/](https://engaging-data.com/will-money-last-retire-early/) . It also brings in life expenctancy into the picture as well. + +&#x200B; +I’m a college junior majoring in IT with a 746 credit score, I’ve dabbled in stocks, forex, and now I’m learning real estate. I was lucky enough to go to a college that pretty much pays for my cost of attendance and pays me to go. As such I can expect to graduate next year with zero debt and some assets to my name. I don’t work and don’t have a car to save extra money. I hope to retire and be FI by 30 I feel I’m doing good but want to hear from others on how they would go about it. +I am sorry that I have to make this post, but too much stuff is thrown around here that does not really hit the mark. I went to the full congressional hearing video to the precise point were we got Ken Griffins "absolutely not" answer: + +[https://www.youtube.com/watch?v=D7N4S\_FKMq4](https://www.youtube.com/watch?v=D7N4S_FKMq4) + +Question starts at: + +3:08:08 + +Question: "I understand that, but did you talk to them (Robinhood) about restricting or doing anything to prevent people from buying, not selling but buying Gamestop; anybody in your organization" + +Ken Griffin: "Let me be perfectly clear, absolutely not". + +&#x200B; + +I also got the new report. You can get the full "Game stopped" report here: + +[https://financialservices.house.gov/uploadedfiles/6.22\_hfsc\_gs.report\_hmsmeetbp.irm.nlrf.pdf](https://financialservices.house.gov/uploadedfiles/6.22_hfsc_gs.report_hmsmeetbp.irm.nlrf.pdf) + +&#x200B; + +The posts I saw so far about the report only show either this section: + +https://preview.redd.it/vb18b9dfev791.png?width=1196&format=png&auto=webp&s=c2d53ce65721e4a6763f7ba2b8584ffc81bee584 + +However, this is only about that elements from Citadel and Robinhood discussed limiting payments for orderflow (PFOF) (for GME) before. So strictly speaking, this does not say that they discussed anything about limiting GME buys. + +&#x200B; + +The other section I saw that was cited is this one: + +https://preview.redd.it/1w9zpn0sev791.png?width=1189&format=png&auto=webp&s=e83c56d95fbb13b1cd65354c631d7ff4b555be87 + +Again, this only mentioned restricting PFOF. It is really important that we get this 100% right without any possible doubt. So we either: need another statement before congress from Ken griffin were he says that they did not talk about PFOF or: we need a statement that makes it absolutely clear that they talked about restricting GME buying in some way. + +&#x200B; + +Everything else WILL NOT HOLD UP IN COURT. So I ask for your help to get better excerpts from the report / time stamps from the video that absolutely, 100% and without any doubt prove that Ken Griffin actually lied under oath. Otherwise any good dodgy lawyers will always be able to find an "escape" were he, strictly speaking "not exactly lied". + +&#x200B; + +Edit: I got a badge of honor for this post: + +https://preview.redd.it/i67hhhl05w791.png?width=1093&format=png&auto=webp&s=13792a3772247ef54c1bc8acd0e0b0254cc8b164 + +Edit 2: + +A very good point was made in the comments: + +https://preview.redd.it/fz6fs9e42x791.png?width=705&format=png&auto=webp&s=861043307a69c35aa796b330bc5c259854168fb6 + +Edit 3: + +Another very good comment mentioning another statement from Ken. + +https://preview.redd.it/5jvkp6n9zz791.png?width=677&format=png&auto=webp&s=033491223026fb77d3e461c6edaa5b4b8e71e193 +Bear (heh) with me here. I was digging through some congress bills at work today when I stumbled upon something interesting - something *golden*. Enlightenment, if you will. [S.4232, 113th Congress, aka the Bank on Students Emergency Loan Refinancing Act.](https://www.congress.gov/bill/113th-congress/senate-bill/2432) + +To put it briefly, the act was calling for changes to student loans, to allow borrowers to refinance unpaid debt and thereby alleviate the growing pressure of tuition on middle- and lower-class families. + +[Here's a brief .pdf that makes arguing points in support of the bill.](https://www.warren.senate.gov/files/documents/Warren%20Refinancing%20-%20Fact%20Sheet.pdf). + +Ultimately, the bill was never passed - but the arguments for it remain. + +> Key federal economic agencies like the Federal Reserve, the Treasury Department, and the Consumer Financial Protection Bureau have weighed in on the dangers of exploding student debt. This debt is stopping a growing proportion of families from buying homes, saving for retirement, and making purchases that will keep our economy on the road to recovery + +Sound familiar? How many articles have come out asking about how and why millennials are "killing" major industries? (if you haven't kept up, [this marketwatch article makes for a nice recap](http://www.marketwatch.com/story/here-are-all-of-the-things-millennials-have-been-accused-of-killing-2017-05-22).) It's easy to see that student loans put economic pressure on millennials, and perhaps change their spending habits in interesting ways. + +But besides small spending behavior changes, student loans are killing spending altogether. + +Let's take a look at [some recent data](https://studentloanhero.com/student-loan-debt-statistics/). + +44,000,000 Americans with student loan debt. +Average loan delinquency rate of 11.2%. +$1,440,000,000,000 estimated total U.S. student loan debt. + +"In 2012, 71 percent of students graduating from four-year colleges had student loan debt: + + Represents 1.3 million students graduating with debt, increase from 1.1 million in 2008 + 66 percent of graduates from public colleges had loans (average debt of $25,550) + 75 percent of graduates from private nonprofit colleges had loans (average debt of $32,300) + 88 percent of graduates from for-profit colleges had loans (average debt of $39,950)" + +"...the average Class of 2016 graduate has $37,172 in student loan debt, up six percent from last year." + +Combined with inflation and an overall lack of wage increases, the real cost of college is growing almost exponentially. + +The ultimate effect? Macroeconomic slowdown. Let's break it down: + +- Tuition is rising. +- Wages for graduates have not grown in pace with tuition / inflation. +- Graduates are left with less money in their pockets to spend. +- The businesses that serve a younger audience begin to feel pressure; their usual customers can no longer afford their products / services. +- These businesses then see declines in revenue, forcing them to slow operations and potentially lay off employees. +- The cycle spirals. + +If the market is driven by money (and it is), then it's bound to happen. Let's look back to our key players - the education industry, and student loan providers. + +Colleges and universities are in a wonderland of profitability - the public has committed itself to paying more and more every year for a service that we've decided is 'essential' to a successful life. While other industries that market towards young people are suffering, the education industry has yet to feel the pain - colleges will be the last thing that the current rising generation gives up for economic reasons (since we bombard children with the idea that they will never be successful without a college degree, and everyone wants to make at least some money). If motivated by money, colleges have no reason to lower tuition rates until a major economic failure (that disrupts loaners) forces them to do so. + +Loan providers, too, have little reason to change. In 2014, the U.S. government stood to profit over $60,000,000,000 on loans from 2007-2012 alone (https://www.warren.senate.gov/files/documents/Warren%20Refinancing%20-%20Fact%20Sheet.pdf). That type of money isn't easy to give up, even for a country like the United States - and nobody is calling for them to do the right thing here. They won't feel any reason to change until returns on defaulted loans drop to the point where no one purchases the outstanding debt. As mentioned before, college (and therefore, student debt) will be the last thing the current generation gives up for economic reasons - meaning that by the time repayment plummets, other industries will have already been affected by several quarters (or more) of revenue loss due to lower spending by millennials. + + +I started writing this hours ago, and I'm too tired to tell if it's coherent. I'm just kind of pissed off that my generation is blamed for not buying McDonalds when we clearly have other expenses to attend to. +First thing's fist: I don't know what the hell I'm doing. I'm just an ape throwing my own feces at the wall and calling it DD. I'm not saying that to be cheeky, I'm saying that because I'm probably wrong about a lot in this post and would appreciate being corrected. *I ain't no goddamn financial advisor. Ain't no goddamn financial advice. I just think the goddamn stock is nice.* + +Second of all, I am not trying to predict a date. However, as many other fine simians before me have already elucidated, it's very likely that GME will rise and falls several times leading up to the MOAS like so many ominous rumbling farts preceding an epic shart. Just as it is with a sloppy wet one, there are usually preceding clues that make you mentally take stock of your supply of clean underwear (I don't know why there's already so many shit analogies in this post, I really don't). One of the most commonly used metrics used to predict a bearish or bullish turn is the MACD. + +&#x200B; + +[A different kind of soft serve](https://preview.redd.it/zvdxof79hqr61.png?width=680&format=png&auto=webp&s=a3de6bf925676a4b039270ea48838d5e25e30314) + +It stands for Moving Average Convergence Divergence (there's a tongue twister for ya). The MACD is calculated using the difference between two exponential moving averages of a stock, usually over 26 days and 12 days. The MACD can be be either positive (more bullish) or negative (more bearish) but is most often tracked against the 9 day exponential moving average (EMA9) of the MACD itself in order to predict bullish or bearish sentiment. If it moves above its EMA9, it signals upward momentum and a recent or pending reversal. This is also known as the sought after **golden cross**. Day traders, of which GME has ***none*** \*glares for dramatic effect\*, use the MACD on the 15min, 30min, and 1hr charts to try and predict swings. To better prepare for impending sharp bounces or falls in our favorite stonk, I looked at macro trends in the 4hr and 1 day MACD preceding known squeezes. There are a few trends I've noticed. + +&#x200B; + +* The MACD will often already be above the EMA9 leading up to a bounce. This makes sense because it's measuring growing momentum. However, this isn't always the case. +* The MACD in volatile stocks will often dip below the EMA9 after the stock has already dropped following a bounce. +* The 4hr charts usually show a golden cross before a sudden uptick +* The 1 day chart's golden cross usually lags a little behind but is a better indicator of steady momentum and sentiment vs. volatile swings + +&#x200B; + +Let's take a look at these crosses in action using some established examples. First, we got PLTR. Palantir only recently went public in late 2020 and started out strong. On the 1 day chart, you can see the MACD sliding under the EMA9 for the first time on 12/11/20 followed by an extended period of trading mostly sideways. + +[PLTR 1 Day Chart](https://preview.redd.it/xyqr9mkrmqr61.png?width=1635&format=png&auto=webp&s=2da74c220fb13529104a7715b1adc5c08bb9c0c6) + +Over a month later, it crossed positive again on 01/21/21 just as the gamma squeeze started. However, you can see the trend lines slowly coalescing just before that point, hinting at an impending upswing in momentum. + +&#x200B; + +[PLTR 1 Day Chart](https://preview.redd.it/a2onj9denqr61.png?width=1631&format=png&auto=webp&s=3dad48d17ba21f4ae8927b1ea5723f8d5058def7) + +&#x200B; + +The golden cross appears **much earlier** on the 4hr chart. + +[PLTR 4HR Chart](https://preview.redd.it/pw2j1t47pqr61.png?width=1629&format=png&auto=webp&s=221c0725469a91b011ba8c239dbb00823a658677) + +&#x200B; + +The negative MACD crossing during its double peak only happened **after** it fell on **both** drops. + +[PLTR 1 Day Chart](https://preview.redd.it/7kudvcrunqr61.png?width=1631&format=png&auto=webp&s=c25b5a3812a30ad108f035d1064e21784cba76f1) + +[PLTR 1 Day Chart](https://preview.redd.it/a3p3ufsloqr61.png?width=1635&format=png&auto=webp&s=3769796c5212ed5e63928dd04c28e4d4325853d9) + +&#x200B; + +Another well known recent event is SNDL's squeeze. On the 1 day chart, you can see the golden cross occur just as the stock starts its meteoric climb. Unfortunately, its crash came abruptly and the negative crossing only happened after its descent. The gap between the MACD and EMA9 oscillated but most important to note is how narrow their gap was in the days preceding the upswing. And again, the golden cross comes about a day earlier on the 4hr chart compared to the 1 day and the negative crossing occurs **after** the drop. + +&#x200B; + +[SNDL 1 Day Chart](https://preview.redd.it/4ns9it8drqr61.png?width=1628&format=png&auto=webp&s=1dc38f652787fb5cfa9a5704ad1c4cad5a6a0a42) + +[SNDL 4HR Chart](https://preview.redd.it/9pn0b28jrqr61.png?width=1626&format=png&auto=webp&s=88e56e396062672e00a11efb953a60058e37dd24) + +Finally, let's look at the golden boy himself, TSLA. This is a great one to use because the squeeze lasted for so long and consisted of several mini squeezes leading up to its eventual peak. The MACD and EMA9 oscillated back and forth very tightly up until 12/13/19 when it crossed over days before a massive upswing. The cross appeared earlier on the 4hr chart on 12/09/19. The stock then crashed but interestingly not before the negative cross reared its head to signal downward momentum. + +[TSLA 1 Day Chart](https://preview.redd.it/3wh0vh4osqr61.png?width=1897&format=png&auto=webp&s=e1b4902b644c1ea93f7891ebb01bee062910cdbe) + +&#x200B; + +[TSLA 4HR Chart \(this was tough to find for some reason\)](https://preview.redd.it/882az045vqr61.png?width=893&format=png&auto=webp&s=c913566f5d7adb7945f2716d8777b85b6716a3d2) + +You can see this pattern repeat again and again + +&#x200B; + +https://preview.redd.it/tk76vo3i4rr61.png?width=1902&format=png&auto=webp&s=50b76a996380d894036f5940eca38de52f02d41b + +&#x200B; + +The 4HR chart caught the next upswing in August earlier by 2 days. The most recent spike with a golden cross was caught at the start on both 1 day and 4hr charts on 11/17/20 + +https://preview.redd.it/x79ke0c35rr61.png?width=2836&format=png&auto=webp&s=68c4dd27d5d5e178dcf1e37dc6298d275fd6ddaa + +&#x200B; + +So...wtf does this have to GME? Well rev up dem tits, boys, we're goin tendie huntin! + +The squeeze that could have been had its golden cross MUCH sooner than the peak but did happen to occur on the 1 day chart right in the middle of a bump on 01/13/21. The crossover occurred a day earlier on the 4hr chart. + +[GME 1 Day Chart](https://preview.redd.it/uemio3llyqr61.png?width=1907&format=png&auto=webp&s=9570f6c47b7cad0923d0ff2bebef01190e42b731) + +[GME 4HR Chart](https://preview.redd.it/ce16g1sxyqr61.png?width=1915&format=png&auto=webp&s=991fd35b85d04ee8aa1aaa84a3d44a8f1bb71f09) + +The Second Coming coincided with another cross but well after it began on the 1 day chart on 02/25/21. What about the 4hr? It shows up **four trading days earlier** on 02/19/21 + +[GME 1 Day Chart](https://preview.redd.it/kfse4kx8zqr61.png?width=1911&format=png&auto=webp&s=e1ce031cbb851d2eb9323db1361de6dff350fa5c) + +[GME 4HR Chart](https://preview.redd.it/p67e6aoszqr61.png?width=1909&format=png&auto=webp&s=706a43ebab9fae4813e955142fb5f5da4d5d9f10) + +And that brings us to today. On the 1 day chart, the MACD is still underwater with a spread of -5.09. You can see the channel narrowing. For comparison, the spread on the 1 day chart was -3.58 on 02/24/19 the day before it crossed. + +[GME 1 Day Chart](https://preview.redd.it/mtp4a2kj0rr61.png?width=1907&format=png&auto=webp&s=519524b75b1b75899583fc06f71a0f6818fa9981) + +What about the 4hr chart, you ask? We already crossed over. **FIVE TRADING DAYS AGO** + +[GME 4HR Chart](https://preview.redd.it/2820zf191rr61.png?width=1909&format=png&auto=webp&s=c3a82d9c9c323a08e095b72c9d54d310cdc2ac22) + +&#x200B; + +The MACD and EMA9 are currently oscillating. We slipped back under the EMA9 on the 4hr chart yesterday but only just barely. The spread is -0.09 so it may as well be zero. Look at the narrowing of the two trend lines. See how they come together and have been twisting back and forth since 03/30? That's a fuse being spun together. Are you ass cheeks clenched yet? Well clench harder. Let's look at MACD and EMA9 spread for the 1 day chart starting from 01/13/21. + +https://preview.redd.it/jo2gytjc2rr61.png?width=154&format=png&auto=webp&s=dad0f96b9e2c658ba070fc0f9ea90235a464655a + +As you can see, the spread has remained negative for 11 days in a row. The previous spread remained negative for 13 days in a row before the stock jumped from $44 to close at $91 the following day. The stock had also just hit a 28 day low volume of 7.57 million the day before it jumped. The previous low occurred on 01/12 with a volume of 7.06 million **the day before the MACD-EMA9 spread turned positive** **on the day chart**. Yesterday's volume was **6.08 million,** ***a 29 day low.*** + +&#x200B; + +TL;DR + +Fuse lit. Wait for boom boom. Buy. Hodl. Clench dem cheeks. 🚀 🚀 🚀 + +edit: typoss +I have posted this again and again, [this movie](https://m.youtube.com/watch?v=Kpyhnmd-ZbU) seriously tells us exactly what has been going on with GME: naked short selling, infiltrating a company, publishing negative articles etc etc. + +If you want to understand the playbook of Naked Short Sellers, WATCH THIS FILM. + +&#x200B; + +EDIT: WOW. The downvote fuckery for this is purely insane. Thanks, shills - you give us even more confidence that what we are doing is working! + +EDIT 2: Thanks so much for the awards. Glad to see this is getting more exposure. I have a feeling it will disappear from YouTube soon as well so watch it quick! + +EDIT 3: One thing that I don't see so much on this subreddit is what they describe in this movie: How destroying GME was probably in the works for YEARS, putting incompetent people in high positions (or downright malicious actors). Another Redditor pointed me towards the subreddit r/GameStop where GME employees talk to one another. Do yourself a favour and check some of the posts there. Sounds like from middle-management to the C-positions, GameStop was run really badly and there had been changes over the years. I have no doubt that this is a result of the tactics described in this movie... + +EDIT 4: I have to credit u/bellweirboy for being the one originally sharing the link with me and actually tracking down and talking to the producer of the movie and people connected to all this. Read his comment below as well. Chapeaux! + +EDIT 5: u/rensole - would be neat if you could provide the link in your morning news! +**\*\*\*\*\*\*\*\*\*\*I am not a financial advisor, this is not financial advice\*\*\*\*\*\*\*\*\*\*** + +**2 edits below** + +Apes, I have something important to get off my mind. How do more people not talk about the fact that Flo Rida achieved a #1 song with "Whistle" that unapologetically gives instructions on how to suck cock all while his name is literally a pun about the state that he's from. THAT IS FUCKING MADNESS. These kinds of things keep me up at night. That and the sound of my wife's boyfriend plowing my wife. Would you all buy my mixtape? My rapper name would be Investment Hank. I'd make a song called "Whistleblower" which would be about abusively shorting stocks, crashing the market, and sucking dick.... oh wait, looks like Kenny beat me to it! + +https://preview.redd.it/kzzpjvuxolv61.png?width=500&format=png&auto=webp&s=81e4141267a60952c6833b965efc00dcad9a9f37 + +Well apes, in the words of Staples, that was: + +https://preview.redd.it/n0fq7g54olv61.png?width=900&format=png&auto=webp&s=d6d007b41685e995003cefc10a4bbecd81dff808 + +**Introduction** + +This post is going to be an update on my FTD cycle theory based on today's price action. PLEASE see [that post if](https://www.reddit.com/r/Superstonk/comments/myxei0/hank_returns_with_some_ftd_cycle_dd/) you haven't already or you will be hopelessly confused. In this post, I will be giving an update on the theory based on today's price action (spoiler: it went well), I will be discussing where I think it's going in the near future and longer future, I will answer some questions that I saw in the comments, and I will say some other random shit as well, so stay tuned. + +https://preview.redd.it/8gvccd3bxlv61.png?width=2188&format=png&auto=webp&s=e3f9c65ebf4e47bdb77f846b9e1f79a4eacacd5c + +https://preview.redd.it/94g5ra3bxlv61.png?width=2206&format=png&auto=webp&s=2d43f3429dfec7cbde2f2c1808d60f4c3d06feb8 + +As most of you probably already know, we had an incredibly nice jump today to almost $170! However, in post-market trading, we got up to $198, which makes more sense in the broader context of the theory. Note that because the second jump was after hours, both of these charts do not display it, so it actually should look even better. + +What struck me by surprise today was the low volume. Yeah, price looked very good, but volume was still only 10M. Look at the volume chart and today's volume really doesn't look that comparable to the past start/end of FTD cycles. You could make the case that it's decreasing every cycle and that this is all going according to plan; however, because of the massive price jump after hours, I don't think that's the case. I think that they haven't finished covering and that either 1. today was not the actual start/end of the FTD cycle and that will be tomorrow or Wednesday, or 2. they are trying to space out covering so that the price doesn't jump all at once. I don't know which of these it is but either way, if I had to guess, it appears that it's not over. + +I know that I said that technicals don't seem to apply to GME anymore but I cant help myself when I see a big juicy triangle like that. If you put after-hours trading into the view then we have broken out of the upper resistance by a long shot. We will need to see what happens tomorrow for confirmation though. Could this be a big bunch of nothing? Could this be the start of an insane bull run? Yes to both. + +EDIT: uhhhhhhhhhhhhh asdfjkalsdfjaksl;dfjkl how the fuck did I forget to mention the fucking offering today? So GME completed their previously announced equity offering raising about half a Billy. That dilutes the stock by 5%. On any other stock, this should decrease the price substantially because the shares are fundamentally worth less money. HOWEVER, GME is up and it's up big. IMO, this gives even more credence to the idea that the FTD cycle exists. When GME merely announced this possibility a few weeks ago on a non FTD cycle day, the stock plummeted, but when it actually happens, the stock gaps up? This is further proof IMO. Furthermore, it's pretty suspicious that GME management chose today out of all days to do the raise. Are they in on this theory too? I find it plausible because they definitely have more information than we do on the shorting of their stock. Thankfully, now we don't have to worry about management doing an offering in the middle of the rocket launch and shafting out tendies. + +**Hilarious update from TOS** + +Today, as I was watching GME ass ram the shorts, I got a notification from ThinkOrSwim and it made me piss my pants with laughter: + +https://preview.redd.it/b4xtguwtylv61.png?width=1266&format=png&auto=webp&s=4ce2e01982a67a1715a34857eb6cc0f4fa7d43d9 + +Are you kidding me? GME rises 10% from a fucking news article but falls 10% on news that Cohen became the daddy of the board? IMO this is further evidence of the GME FTD cycle theory because no company should go up 10% on a fucking article and 100% on the CFO being fired but go down 10% on news of its star player being put into power. TOS really needs to start reading my DD. + +**Looking ahead** + +Now I am going to give some guidance on where the price of GME could go in the very near future and a few weeks from now. First, it would be reasonable to expect, if you believe in the FTD cycle theory that the price of GME will be significantly higher than it is now in 19-21 days. + +First, as I said above, I wouldn't be surprised if we see more action tomorrow especially considering the after-hours activity and lack of volume in regular trading hours. We could potentially see another jump tomorrow or Wednesday. If you look at the charts above, it appears that the price between the start and end of a cycle either tops or bottoms out about halfway through the cycle. Don't run with this, however, because the in-between periods are extremely volatile and unpredictable, so that may just be a correlation. Another potential correlation is that in almost all of the start/end of the FTD cycle period, the day after the gap up is also significantly positive. It's usually not as green as the previous day but it's still a substantial increase, so we have a very real chance of seeing even more green this week. + +I'm going to reemphasize that, as per the FTD cycle theory, it is still getting more and more painful/expensive for shorts to keep this up as every cycle passes by. It's a slow bleed that will take some time but is working gradually. + +Finally, I just wanted to reemphasize that just because today, happened the theory is not confirmed. Today was not evidence that the theory is correct, it was just not evidence that it's incorrect. Last week, my theory was correct on Monday but was clearly wrong two days later. So I am emphasizing to do your own DD and research before making any decisions and to not take some tard from the internet's opinions as facts. + +**Cyclists** + +I fucking love the influx of cyclist memes on the internet for past few weeks because I fucking hate cyclists always clogging up the road. This got me thinking. FTD cycle.... cyclists. OH MY GOD. The shorts are literally FTD cyclistist, which means that this meme is even more relevant to them: + +https://preview.redd.it/sf5df87w5mv61.jpg?width=1170&format=pjpg&auto=webp&s=ec7bcdef09ad5ee01b006df37b1a5fd07e1ac624 + +https://preview.redd.it/oy2m6nyt6mv61.png?width=1264&format=png&auto=webp&s=6615187c6ddc79c6602f3da326cf0f1e86d19cfe + +**Answering some comment questions and chats** + +I get so many comments and chats that it's hard for me to respond, so I decided to address some of the ones that I thought were most relevant here: + +Q: Why do FTDs keep decreasing? + +A: It's because shorts are masking them with synthetic longs (ITM calls) and are shorting ETFs containing GME. The FTD numbers that we're getting do not make any sense whatsoever when considering the price action and volume. + +Q: Have we mooned yet? + +A: No. When GME moons it means that the FTD cycle has unraveled and shorts have been squeezed out. This will result in a violent, parabolic upwards movement. If you have to ask that question, the answer is probably no. You will know when it moons. The moon will probably come out of nowhere because it's almost impossible to know when the shorts will decide to or be forced to cover. + +Q: "Do we see more “GameStop is over! Here are the new stocks that Reddit is talking about!!!1!” types of news article headlines right *BEFORE* this 19 - 21 day cycle starting each time? My guess would be 1 - 2 days beforehand. Supportive evidence would show an influx of headlines like this before each cycle. Non-supportive evidence would show no influx. This would potentially show coercion and purposeful misinformation to shake as many paper hands before the reset has to happen." - u/account030 + +A: I have actually noticed that at least on TOS, for the past few weeks the company news alerts are commonly relating to dogecoin. I think that they're trying to hammer in the idea that GME is just a meme stock comparable to Doge (which is laughable). We've all also seen the Motley Fool articles and others that say "GEt OuT oF gAmEsToP RiGHt nOW." These are just my observations, so I would definitely encourage others to look into this. + +Q: "You draw a linear line on a log-scale chart. That means that the relationship is not linear, it is exponential. This is extremely important, I highly recommend you to update your post accordingly. Why is it relevant? Think back to the start of the Covid pandemic, when the first cases came in. Momentum was slow, some strange orange dude said "it will go away by itself". But scientists warned: This development is exponential. When something is exponential, it means that it goes slow until it doesn't. And what happened? After a few days or weeks of slow increase in case numbers, all of a sudden the pandemic blew up. Thousands, millions were infected in a frighteningly short timeframe. Why? Because the spread was exponential. Given your hypothesis holds true, the effect you are describing follows the same trend. When a trend looks linear on a log-scale axis, its rate of acceleration is proportional to its value. That means: Hedgies are fine, until they aren't. Every FTD cycle they don't cover, their position will be exponentially more expensive to hold." - u/[Obi\_Vayne\_Kenobi](https://www.reddit.com/user/Obi_Vayne_Kenobi/) + +A: First of all, excellent fucking point. Wow, I didn't even think of this! So yeah, the increase is exponential, which makes more sense because this cycle has been happening since the price was under $30 and now just a few cycles later it's over 170! That might indicate that this takeoff could happen faster than we think. It could also give credence to the triangle actually being relevant. + +Q: What about dark pools? + +A: Yep, dark pools definitely could be distorting covering. Because of their very nature, it's extremely hard for us to get much solid data about them. However, at this point, I don't think that buying shares in a darkpool would be more effective than just buying synthetic longs (unless they do that in a darkpool too). + +Q: You used to post on WSB, why are you here now? + +A: I used to post on WSB because I wanted to get my message out to a bigger audience because I believe that I have good things to say. However, after my WSB posts kept getting removed, I got pissed off and came here more permanently. Having the freedom to discuss financial information while simultaneously making jokes about sucking cock and calling cyclists tards is the most liberating feeling I have ever felt in my life. In short: I like the sub. + +Finally, thank you to u/karasuuchiha for commenting links to these posts about FTDs, I encourage you to check them out: + +[Using Netting to Hide ETFs](https://www.reddit.com/r/Superstonk/comments/mwx5nk/forget_hiding_ftds_in_etfs_they_are_being_hidden/?utm_medium=android_app&utm_source=share) + +[Liquidity Black Hole](https://www.reddit.com/r/Superstonk/comments/mwba7s/dtcc_the_final_boss_black_hole_liquidity/?utm_medium=android_app&utm_source=share) + +[Procyclicaity](https://www.reddit.com/r/Superstonk/comments/mx7iwt/procyclicality_and_how_the_fed_broke_the_system/) + +[T 21 History](https://www.reddit.com/r/Superstonk/comments/mwm7wg/with_all_the_talk_about_t21_and_the_current/?utm_medium=android_app&utm_source=share) + +[T21 is happening now](https://www.reddit.com/r/Superstonk/comments/mvtpne/t21_ftd_squeeze_is_happening/?utm_medium=android_app&utm_source=share) + +[What happened during the T 21 in February and why T21 may not matter](https://www.reddit.com/r/Superstonk/comments/mvvuhp/feb_2426_failed_launch_attempt_and_proof_the_dtcc/?utm_medium=android_app&utm_source=share) + +https://preview.redd.it/4ckdzs595mv61.png?width=1280&format=png&auto=webp&s=17be5c89f5c170508b272b00f8f5c4d2a6c520be + +Well apes, that's it for today. Not sure when I'll be back again with some more DD but I'll try to make it relatively soon. My future DD will likely focus on trying to uncover actual FTD numbers or more information about the FTD cycle theory. Stay strong, apes. + +&#x200B; + +**\*\*\*\*\*\*\*\*\*\*I am not a financial advisor, this is not financial advice\*\*\*\*\*\*\*\*\*\*** +On 1/18, my TD Ameritrade account stood at $$738,708.55 . . . Fast forward to 1/27, it was down to $607,251.84. Why is that? Simply put - I panicked. + +Specifically, I sold 900 shares of COIN and 1450 shares of NVDA on 1/24. Big, big, big mistake, i.e., that same day, I could have gained (or cut my losses) by approximately $40 thousand dollars if I had waited near the end of the session to sell both of these equities. Better yet, I could have gone out to lunch and ignored the "noise" of the stock market and not sold either stock. My bad. My account was under $600k that day and essentially, I told myself that was a "line in the sand" that could not be crossed. + +Fortunately, my story ends well? How is that? I made up for my stupidity/panic by buying AMD, KLAC, and MSFT - all at or near lows and equally important, before earnings. Consequently, my account stands at approximately $650k and was at $685,395 on 2/9 (before this Ukraine situation and inflation report was released Thursday and Friday). Consequently, I am confident I will be back to where I was back in mid January. + +Moral of story? Patience is key or as this quote says, **“Do you have the patience to wait until your mud settles and the water is clear?”** **— Lao Tzu,** *Tao Te Ching* +Well, won’t we looky here. Looks like the NYSE may be trying to capitalise on the recent market scrutiny to take another potshot at every market manipulator's fav friend. + +**ALOs** (Add Liquidity Orders) and **ISOs** (Intermarket Sweep Orders)!!!! + +So if you don’t know by now, I tend to write about order types and HFT. Of particular focus to me is the NYSE Chicago due to: + +1. Particularly low volume, which makes it easy to pick up changes in order type behaviour +2. A probable stomping ground for our friends Shitadel +3. NYSE trying to amend ALO and ISO orders, multiple times + +For reference, the NYSE is made up of multiple exchanges, such as Arca, National, American and my personal fav Chicago. + +Anywho, so what is up with the most recent [news](https://www.reddit.com/r/Superstonk/comments/mqisex/well_look_what_gets_published_tomorrow_this/?utm_medium=android_app&utm_source=share) posted by u/Phonemonkey2500? + +This [bad boy](https://www.federalregister.gov/documents/2021/04/14/2021-07592/self-regulatory-organizations-nyse-chicago-inc-notice-of-filing-and-immediate-effectiveness-of). A filing from the NYSE Chicago with the SEC proposing to amend some rules. It’s a pretty fucking dry read. As such, I am at your service to translate it into monke speak, but first off, let’s get some background from my [previous post](https://www.reddit.com/r/GME/comments/mf1f6n/i_was_missing_a_key_piece_of_the_puzzel_this_is/) that explains the two orders of interest. + +&#x200B; + +# 🐍 IOC ISO (Immediate or Cancel Intermarket Sweep Order) + +For those who have not read my previous post find an excerpt below. + +[Intermarket sweep order](https://ibkr.info/article/1734)’s are generally a large quantity order that is sent to multiple exchanges.This is how it functions: + +* An order is submitted in the pre market to sell at a price of 40.80 and is sent to exchange A. +* The best offer price on exchange A is 40.63. +* Exchange B receives an intermarket sweep order to buy 800 shares of the stock at a limit price of 40.88. +* The best offer price on exchange B is 40.88 + +The trader that enters the intermarket sweep order would be required to fulfill their Regulation NMS requirement by executing the maximum available quantity on exchange A at 40.63 and then may execute the balance of the order on exchange B at 40.88 even though it is at a price that is inferior to the 40.80 order resting in the book on exchange A. The 40.80 price is not the inside quote and is therefore not "protected" in terms of the balance of the sweep order executing at exchange B at a price of 40.88. + +**So in monke speak**, it fills the lowest alternate exchange price before filling the order at the higher price. + +To make it more complicated this is an order with a modifier (ISO is the modifier), so let’s understand an IOC. + +These are orders which attempt to execute immediately and cancel any unfilled portion. E.g. place a buy for 10 @ $180.01 , it’s only able to be filled to a portion of 5 @ $180.01 and then canceled straight away. + +A key part to these types of orders is derived from the following. + +&#x200B; + +>*"The intermarket sweep exception enables trading centers that receive sweep orders to execute those orders immediately, without waiting for better priced quotations in other markets to be updated."* + +This is [derived from a response](https://www.sec.gov/comments/sr-nyse-2014-32/nyse201432-2.pdf) to change how ALOs work by the NYSE, as they’ve been a thorn in their side since 2014. A prelude to what we’ll go into later in the more recent attempt to fix shady shit that HFTs love abusing. + +&#x200B; + +# 🐍 Add Liquidity Only (ALO) + +First of all, major thanks to [u/SmithEchoes](https://www.reddit.com/u/SmithEchoes/) on this bad boy as it’s a complicated beast. + +Now this order type is a doozy, and is currently being used for nefarious purposes. + +ALO follows a strict “If,then” rule set based on if it locks [(7.31(e)(2)(b)iii-iv)](https://nyseguide.srorules.com/rules/document?treeNodeId=csh-da-filter!WKUS-TAL-DOCS-PHC-%7B4A07B716-0F73-46CC-BAC2-43EB20902159%7D--WKUS_TAL_19401%23teid-37) OR crosses [(7.31(e)(2)(b)ii)](https://nyseguide.srorules.com/rules/document?treeNodeId=csh-da-filter!WKUS-TAL-DOCS-PHC-%7B4A07B716-0F73-46CC-BAC2-43EB20902159%7D--WKUS_TAL_19401%23teid-37). This rule set forces the ALO to perform these trades until it is fully consumed, or the order is canceled. Rule [7.31(e)(2)(C)](https://nyseguide.srorules.com/rules/document?treeNodeId=csh-da-filter!WKUS-TAL-DOCS-PHC-%7B4A07B716-0F73-46CC-BAC2-43EB20902159%7D--WKUS_TAL_19401%23teid-37), once ALO is resting on the exchange AND it was forced to change its price in accordance with [7.31(e)(2)(b)i-iv](https://nyseguide.srorules.com/rules/document?treeNodeId=csh-da-filter!WKUS-TAL-DOCS-PHC-%7B4A07B716-0F73-46CC-BAC2-43EB20902159%7D--WKUS_TAL_19401%23teid-37) THEN it now gets to be priced in accordance with [7.31(e)(1)(A)iii and iv](https://nyseguide.srorules.com/rules/document?treeNodeId=csh-da-filter!WKUS-TAL-DOCS-PHC-%7B4A07B716-0F73-46CC-BAC2-43EB20902159%7D--WKUS_TAL_19401%23teid-37). This is the equivalent of HFT when ALO “activates” BUT it comes with a built in safety feature that IF the price goes UP(Sell ALO) or DOWN (buy ALO) the ALO limit price is no longer locking or crossing at the values it was getting moved to, it REVERTS back to its original limit order price. + +**Monke speak translator**: These orders create sell/buy walls that have a nifty function that essentially “flips the safety switch” back to the original limit order price if too much buy/sell pressure is applied. + +&#x200B; + +# 🐒 Back to the SEC Filing + +&#x200B; + +# Rewind to 2014 + +Funnily enough, the NYSE has tried to [amend how ALO orders work](https://www.federalregister.gov/documents/2014/10/16/2014-24547/self-regulatory-organizations-new-york-stock-exchange-llc-nyse-mkt-inc-order-approving-proposed-rule), because of how they can be used for nefarious purposes…. \*cough\* Shitadel \*cough\* The amendment would force to **cancel** the ALO once it crosses or locked, and not perform how it currently does in accordance with [7.31(e)(2)(b)i-v](https://nyseguide.srorules.com/rules/document?treeNodeId=csh-da-filter!WKUS-TAL-DOCS-PHC-%7B4A07B716-0F73-46CC-BAC2-43EB20902159%7D--WKUS_TAL_19401%23teid-37). Which means no buy/sell wall capability for them to use and abuse. + +&#x200B; + +# Fast Forward to Today + +Smart fucks at the NYSE have done them HFs a dirty. + +There is no fundamental change to how specific order types work, but a rather elegant smack to the HFTs asses through changing how the PBBO is calculated (read this for wtf a [PBBO](https://www.investopedia.com/terms/o/order-protection-rule.asp) is *“Best Protected Bid and the Best Protected Offer”*). + +Going back to our ISO order we discussed (and how it can be used in conjunction with an ALO) is where this starts to come together. I was going to force you to read a paragraph, but i decided to be nice and just translate it into monke speak. + +Change how PBBO is calculated, fuck with how the ALO orders “safety switch” as described above. This makes it less enticing in my eyes at least for HFTs as it increases the risk associated with it (risk being eating away their profits due to no safety switch triggering from buy/sell pressure). + +This is overly simplifying the implications, which to be honest are not that large as they are following suit of NASDAQ and some other exchanges here. It just has particular ramifications for HFTs two fav order types that make them “riskier” to use i.e. less appealing. + +As for when this is going through? ~~I don’t do legal things. From what~~ **~~I~~** ~~interpret it as, it’s active when it is filed, which I believe is today. Thanks to how it does not “significantly change shit” (my words, not the NYSE’s)~~ + +Thanks to u/Suspicious-Oil-7096 for linking the below. The amendment is effective as of 26th April. + +[https://www.nyse.com/regulation/rule-filings](https://www.nyse.com/regulation/rule-filings) + +~~Wait for~~ u/leaglese ~~backup on this one though.~~ + +As always, feedback, opinions and questions are more than welcome, in fact wanted! + +**TL;DR** + +NYSE tried to fix order types abused by HFTs in 2014, failed. Tried again today, and on face value have succeeded in giving them a swift kick up the ass. It's now riskier to use ISO/ALO orders due to a "safety" switch of sorts being removed due to how the amendment proposes to calculate the PBBO of ISOs. This means it's less attractive for HFTs to abuse the order type. + +**Edit:** Bad at words, fixed ape speak. + +# 🚀 Edit: Speculation Room + +Thought i'd add in a speculation room to put out my thoughts on how this affects GME price action. + +**Speculation #1** + +IF it comes into effect from today (again waiting on confirmation from legal wrinkle brain), it means they'll have a harder time controlling the price. No longer being able to reliably create buy/sell walls, which *could* pose a significant risk to them if they choose to artificially increase buy pressure. On the flip side, it could also hurt any friendly HFT whales who use these order types on the buy-side (think max pain theory). I personally believe most price action is being manipulated by the shorts, so it's more of a detriment to them than anything else. + +It'll be interesting to observe price action moving forward, that's for sure. + +**Speculation #2** + +IF this does have an effect on how NYSE Chicago uses ALO/IOC ISO orders I'd have the expectation that either the rate of increase decreases dramatically in % share of these order types (shown below) ~~OR they decrease and switch entirely back to another order type due to the risk posed by the new filings changes.~~ + +&#x200B; + +[https:\/\/www.nyse.com\/markets\/nyse\/trading-info#equities-order-types](https://preview.redd.it/id5d5vosb5t61.png?width=613&format=png&auto=webp&s=ff59bf80e04a38b39c79850fe56aeffab21d965d) + +**Speculation #3** + +The amendment becomes effective as of 26th April, expect to see the order types abused until this time. This means speculation #2 will likely see a slow down in the % increase, but it's hard to tell given it has already slowed down in the rate of increase over the past few months. We'll sadly need to wait until midish June-2021 to see the effect of this amendment on order type behaviour for NYSE Chicago. +For example, would there be inflation on everyday goods to cancel out the extra 1k/month? + +Edit: I’m also wondering if economists have models that could accurately simulate a scenario like this +So Thursday evening, I got into a verbal altercation with HR. my paperwork says I get paid by direct deposit on the 17th. I was not paid direct deposit on the 17th.I was a little ticked, but I figured I'd cut them some slack since the contract with the shelter is less than 30 days old. When I get on site, The site supervisor tries to stick me on an F04 position, which means instead of getting paid 17.50 per hour, i'd get paid 15. That is unacceptable, so I call HR, explain my frustrations, and practically demand a solution. + +Hr tried to tell me direct deposit won't kick in until 4 weeks from The date of employment, and all checks are withheld until a lump sum can be made. That is simply unacceptable, so between not getting paid, and being ordered to take a lower-paying position, I walked off the job. + +This morning, I got a call from an account manager, who, (as far as I can tell) has authority over HR, He profusely apologized and begged me to come back. Citing my direct deposit will ick in on July 24th. even gave it to me in writing. The fact that I have several CPR, Aed, Bls, and first aid certifications, as well as being the only rover with mandated reporter training, as is required by the state of new york, gave me quite a bit of leverage. Meanwhile, I have completed my Adult lay rescuer training, just gotta wait on the mannequins to be delivered by the 30th, and take the skill evaluation, scheduled for August 7th. + +Know your worth, Ladies and gentlemen of security, Never let the person signing your paychecks push you around, and keep striving to be better than your peers. There is plenty of fish in the sea, Don't be a minnow. + +&#x200B; + +&#x200B; + +Edit: Update + +As I'm responding to some of you (By the way thank you all for the support and advice) I get a call from the account manager (Who as far as I can tell seems to be the only one with his head on his shoulders). Tells me there is a check waiting for me at his desk, But the office is closed until Sunday. + +So now I have to walk my fat ass all the way from south ferry to west 37th street because jane from HR fucked up. (I don't know if that's actually her name, but I'm still pissed) + +There is also a copy of the revised contract waiting for me. So that's going to be a thing. If it doesn't match what I have in the texts, I'm not signing it. + +Edit 2: Probably should've mentioned this sooner, But all my paperwork and new hire information were filled out on the 8th. My first shift was 11th. I literally just got this job, and this is how they want to act. + + +Edit 3: Well the 24th rolled around, And I STILL have not been paid. I called and complained, sending the relevant proof to HR, To my boss, To the account manager, And to the CEO, as the company has an open-door policy. + +Well, the Client decided that he doesn't care if I haven't been paid by my boss, that I need to be doing a better job as a rover. Keep in mind, It's My site supervisors' job to train me as a rover, and has all but refused to do it. I try to explain, but the client isn't having it. + +So now, not only have I not been paid, I have not been trained for the position I was hired, I have not been told the truth regarding my pay, and I have not been allowed to explain myself in the face of accusations. +My wife and I have been looking for somewhere to rent for over 2 months. Ended up meeting some people on FB and have now _finally_ found a place that’s accepted our offer (4 of us total). + +The flat is a 3 bed in Dalston, with 3 bathrooms and a very spacious living room. + +One of the people we’ve decided to rent with has let us know last minute that he’s about to have a big drop in his salary, and can no longer pay his £1000 share of the £3500/month rent. + +We previously agreed the rent would be split £1500 for me and my wife, and £1000 each for him and the other girl. + +I redid my budget and saw that I could pay some of the difference, but said I’d only do that if I got to put my desk in the communal area. + +So rent will now be split: + +925 - guy +1000 - girl +750 - wife +825 - me + +Obviously my wife and I are sharing 1 room so although the guy has agreed to my offer, I’m now wondering if I’m being stupid for agreeing to pay 950 including bills to share a room with my wife. We’ll be paying 1825 total for rent and bills together. I take home ~ 2k a month give or take depending on overtime. + +Edit: sorry since most of you are saying the same thing and I don’t want to reply to everyone individually: + +1. Regarding sharing, my wife has been depressed and lonely the past 2 years because I work antisocial hours and I’m not home as much as she’d like. Sharing is for her to be able to have people around, and I enjoy sharing as well. Aside from that, sharing means we can have way more living area space as well + +2. Where are some of you finding these deals?? £1350 for a 1 bed in Dalston seems insanely cheap for what the market is right now + +3. We can’t move out of London because we both need to be here for work, and also want to stay close enough to friends and the lifestyle London offers + +4. Aside from this issue with him not being able to afford what he previously offered, he’s been great, and the other girl (his friend not girlfriend) also seems solid and the type of person I’d want to be friends with/live with +EDIT: **[Great In-depth article via Cloudfair](https://blog.cloudflare.com/bgp-leaks-and-crypto-currencies/) ** + +I have been following this MyEtherWallet issue today and I wanted to clear some things up as there is some misinformation out there. + +BGP, is a IP routing protocol that service providers use. This directs where your traffic goes. DNS resolves a domain name e.g. google.com to its IP, but in this case still relies on the correct IP path. DNS was only a means of accomplishing the attack, not the reason for it. MyEtherwallet.com was not hacked, nor their DNS servers. + +The bad actor or actors propagated malicious BGP routes throughout the internet. This requires access to very important systems outside the control of Amazon, Google, and MyEtherwallet. These routes contained incorrect directions for traffic destined to Amazon’s DNS servers. This now re\-routed traffic was pointed to a DNS server in control of the attacker which had the bad records that pointed the user to another web server \(outside the control of all parties beside the attacker\) that hosted a copy of a malicious MEW web page which stole funds. + +Google’s public DNS server is not authoritative for all DNS records. It depends on Name Servers that are. Unbeknownst to Google’s name server, it continued its job looking up what it saw as valid records. The path in which it took to look these records up \(among other name servers\) was manipulated by the attackers. The attackers could have used a valid certificate on the fake site, but did not for some reason + +That said + +* MyEtherwallet stated on reddit and via twitter Googles Name servers were hacked, they were not. Neither was theirs \(Amazon\). By the nature of the attack, a completely different name server gave out the incorrect records. +* MyEtherwallet.com could not shut down their site during this attack, it would have no effect. +* The certificate warning was a clear and obvious warning. Never use a site that has one. The attackers could have used a valid one. Don’t assume a valid certificate means the site is safe in the future +* You are not impacted by this if you have not used the site in\-between 11am to 1pm UTC today +* You do not need to log into MyEtherwallet.com to see if you lost funds. You can simply go to etherscan dot io to check your balance. +* If you used your Trezor or Ledger, you are fine. The only possible issue with hardware wallets is redirection of funds that were sent during the time of attack. There have been no reports of this yet. Just check your public address to see balance. +* If you don’t have a hardware wallet, get a copy of myetherwallet from github and use it locally on a clean machine and/or use it with a full node. Or use something else + +[https://doublepulsar.com/hijack\-of\-amazons\-internet\-domain\-service\-used\-to\-reroute\-web\-traffic\-for\-two\-hours\-unnoticed\-3a6f0dda6a6f](https://doublepulsar.com/hijack-of-amazons-internet-domain-service-used-to-reroute-web-traffic-for-two-hours-unnoticed-3a6f0dda6a6f) + +[https://arstechnica.com/information\-technology/2018/04/suspicious\-event\-hijacks\-amazon\-traffic\-for\-2\-hours\-steals\-cryptocurrency/](https://arstechnica.com/information-technology/2018/04/suspicious-event-hijacks-amazon-traffic-for-2-hours-steals-cryptocurrency/) + + https://twitter.com/InternetIntel/status/988841601400270848 +I know the US owes China quite a bit of money, but they owe the US some as well. The same is true for Japan, but the other way round. Why don't these debts cancel each other out, so that anything China owes the US would dissipate and subtract from how much we owe them? And what's keeping anybody from paying anything back ever? The US government has a famously large national debt, and Japan's is even higher with respect to their GDP. What is stopping either of these countries from just ignoring the debts which clearly are not going to be paid in any substantial amount in the near future? +Whenever I hear about money laundering I get curious what exactly they are doing and why. + +I get that it’s about making money look like it’s been earned honestly. But what’s so different about one bag of cash compared to another bag of cash? Is it more about keeping up appearances that you could have conceivably earned it? Or is it more about the possibility of marked bills or something that I’m not thinking about? + +And are they simply giving unwitting customers “dirty” money in exchange for “clean” money. +I’m reading Born in Fire and Blood by Chasteen and a theme of the book is that free trade in the late 19th/early 20th century severely hurt the development of Latin American nations. What I have been taught throughout my undergrad is that free trade is mutually beneficial. My question is is free trade inherently detrimental to developing nations or was something else happening to these Latin American countries at the time? +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. +>Tesla Inc (TSLA.O) is under criminal investigation in the United States over claims that the company's electric vehicles can drive themselves, three people familiar with the matter said. + +>The U.S. Department of Justice launched the previously undisclosed probe last year following more than a dozen crashes, some of them fatal, involving Tesla’s driver assistance system Autopilot, which was activated during the accidents, the people said. + +[Link](https://www.reuters.com/legal/exclusive-tesla-faces-us-criminal-probe-over-self-driving-claims-sources-2022-10-26/) +[Reports](https://bipartisanpolicy.org/blog/what-made-it-in-secure-2/) (and the [bill text](https://www.napa-net.org/sites/napa-net.org/files/SECURE%20Act%202.0%20Final%20Text_122022.PDF) on page 2,161) share that starting in 2024, 529 holders will be able to rollover up to $35,000 over the course of a lifetime into a Roth IRA (subject to annual contribution limits) of the named beneficiary. This would be without tax or penalty. + +Two questions: + +1. There is a clear line that contributions are subject to annual contribution limits, which is $6,500 next year. However, does this mean 529 holders with annual income exceeding Roth IRA income limits can now use this to fund Roth IRAs, too? +2. If 1 is true, does this effectively mean that I can get tax benefits for making the contribution to the 529 (depending on state) AND get tax free gains and withdrawals as an IRA? +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! + +Hey all, + +Hope you're well + +What was the biggest financial mistake you made in 2021; +***or*** +what was the number one takeaway (lesson) you learned from 2021? + +\--- + +For me it was quite simple. I made some investments where I broke my own rules to get into a company within a certain time period. In some cases this lead to losses that I would have preferred not to take. So I started placing importance on fundamental and technical analysis on every stock purchase I make without exception even if it is for a short-term/momentum trade or a situation where understanding the balance sheet and sector isn't a priority. Perhaps slightly counter productive but it allows me to pivot and feel comfortable (and make less mistakes due to mental fortitude or psychological holes). I've been doing this religiously for a few months and it is proving so good for me. Luckily, my overall net-net was still positive even with the mistakes and I did well. + +GST +Hello world and TGIF 👋 +Let's close over 200 US-$ today😉 + + +Current price "115 minutes in: 159.16 US-$" + +FAQ: + +Where do you get our numbers from? +- +I trade through my bank account and just refresh the page to see the current price. I then use my conversion app ( Euro to US-$ ) and post the result. +I try to post every 5 minutes, but I am at work so I can't guarantee it 😄 + +Why are your numbers different from the ones I'm seeing online? +- +My banking app shows me the best price that I can sell for right now...it compares Frankfurt, Munich, Stuttgart, Berlin, Düsseldorf, Hamburg, Xetra and "Direkthandel" (meaning "direct exchange"). +That's why my movement may differ from your sources online. + +I don't trust those germans, look at what they did in the 20th century...can I get another source? +- +Sure, you can take a look here...just remember to convert from € to $! +https://www.ls-tc.de/de/aktie/gamestop-aktie + +Can you post the volume too? +- +I can't see the volume on my banking app but you can find it online or probably in my comments, since some friendly apes talk about it often. +But remember how low the volume is in the US pre-Market and we're talking pre US pre-market here so I think that the volume doesen't reeeeally matter this early into the trading day. + +Why are you doing this every day, what's the point of posting these numbers, since the volume is nothing compared to the one in the US? +- +I think that it's less about the numbers, it's to show that every minute of every day, there is an ape who's holding GME. +Look through the comments, there are people from all around the world just wishing each other a good morning, how awesome is that? +I think that this feeling of camaraderie is crucial, it's good to know that I'm not the only one liking this stock. +I'm holding since november and I will continue to hold for my brothers and sisters. +We are not a union, we are all individuals who like the stock, but we're still family! + +Starting: 159.40 US-$ + +5 minutes in: 159.34 US-$ + +10 minutes in: 159.40 US-$ + +15 minutes in: 160.06 US-$ + +20 minutes in: 160.06 US-$ + +25 minutes in: 160.06 US-$ + +30 minutes in: 160.06 US-$ + +35 minutes in: 160.06 US-$ + +40 minutes in: 160.06 US-$ + +45 minutes in: 160.06 US-$ + +50 minutes in: 160.06 US-$ + +55 minutes in: 160.06 US-$ + +60 minutes in: 160.06 US-$ + +65 minutes in: 160.06 US-$ + +70 minutes in: 160.06 US-$ + +75 minutes in: 158.98 US-$ + +80 minutes in: 159.04 US-$ + +85 minutes in: 159.10 US-$ + +90 minutes in: 159.10 US-$ + +95 minutes in: 159.16 US-$ + +100 minutes in: 159.22 US-$ + +105 minutes in: 159.16 US-$ + +110 minutes in: 159.10 US-$ + +115 minutes in: 159.16 US-$ + +The US pre-market is about to open so that's it for the day 🇺🇸 +Enjoy your weekend and get some well deserved rest, we'll see each other again next monday👋 +Let's give 'em hell! + + +It’s the weekend so you know I’m bored and I start doing my digging. Citadel has a new trend I have found. They have bought shares in 7 companies this month and they all have the same trend!!!! They are all being SUED!!! Also 6 out of 7 were formed in 2020!!! Nothing strange about that huh. I need someone with more wrinkles than me to dig into this and see what ole Kenny boy been up too. Below is a list of the companies they have bought ownership shares of + +Forest Road Acquisitions Corp (2020) Bought 5/4/21 date reported 5/14/21 + +Gores Metropoulos II Inc (2020) Bought 5/4/21 date reported 5/14/21 + +Thoma Bravo Advantage (2020) Bought 5/4/21 date reported 5/14/21 + +Northern Star Investment Corp. II (2020) Bought 4/29/21 date reported 5/10/21 + +Marquee Raine Acquisition Corp. (2020) Bought 4/28/21 date reported 5/10/21 + +Ajax I (2020) Bought 4/29/21 date reported 5/10/21 + +Chardan Healthcare Acquisition 2 corp Bought 4/23/21 date reported 5/03/21 + +Just type in lawsuit after the name of each company listed and a few of them are even with the same law firm!!!! + +THIS IS JUST FROM MAY!!! I’m sure If I looked into the April purchase they are all companies made last year and currently being sued for “Board of Directors violated securities laws and/or breached their fiduciary duties to the Company by 1) Failing to conduct a fair process, and 2) whether the transaction is properly valued” + +Seems like it’s always something fishy around Kenny. + +TLDR - Citadel is buying into companies founded in 2020 and being sued. Nothing to see here lol these are smart investments for a company waist deep in shit!!!! + +Link to all their filings DIG IN!!!! [https://www.sec.gov/edgar/browse/?CIK=0001423053](https://www.sec.gov/edgar/browse/?CIK=0001423053) + +Tag all the wrinkled brains +Background: I graduated University in 2017, a 2:2 in Music Management, which I soon found rather useless. While I have dreams to make use of this still, as I am a musician and make a few pennies worth from Spotify etc, I work around 30+ at Nando’s to support myself, make savings and reinvest into my music. As of last year, I’ve had to start paying rent. + +I live with my mother, brother and sister. + +The situation: +1- The house rent is a total of £1700 per month. The utilities are about £240 per month, Council tax another £230 approximately. This is a total of £2170. My mother’s only income is benefits of £1450, so my brother and I cover the rest. + +2- We had to move out of a house in June 2020 because we owed too much rent and bills. My mother didn’t tell us until it was far too late but by the time we moved out we owed 7 or 8 months in rent, around £9000. My brother and I did our best to cover the rent in that house as well, but we found out when we were owing around £6000, it was never going to work really. Now we pay about £140 per month towards what we owe for that rent. (It’ll take years before that’s paid off, I don’t know where that’s at). My brother and I cover this as well. We also covered deposits etc. + +3- In a bid to try to cover some costs, my mother took out an overdraft and is now having to pay that back, even though her income is exhausted on the rent so brother and I cover this as well. We also pay her phone bills and whatever other miscellaneous bills she has coming out of her account. That costs us around £100 monthly. Just to speed this up a bit, my brother and I cover groceries, and the like as well. Financially, we’re exhausted, though I’ve still managed to save up to around £1000 until now. + +4- Recently, my grandfather, my mother’s father, died. Seeing as my mother doesn’t have any money, she asked my brother and I to cover these costs as well, which we obviously didn’t want to do but it had to be done so we did it. My grandfather, grandmother and Aunt and her family live in another country, she’s had to go to bury him and sort out all those kinds of things. My brother and I obviously had to cover these costs which came out of my savings, so I’m now down to £300, at great pain and anger. + +She’s recently left me with a list of figures and what needs to be in her account and when etc which is how I know all these figures. Before we were blindly paying around £600 monthly (£550 for rent, and around £50 for food and other needs), while my brother pays around £550 monthly (£400 for rent, £75 for internet and house line and around £75 for food and other needs). We didn’t know that the situation was this bad until yesterday and she’ll be away for the next 3 months. + +I’ve tried to budget as best I can, to the point that we break even in terms of income and expenditure but this obviously can’t continue. With the lightest pressure, everything will collapse, and that feels like it could be anything at this point. I also must work overtime obviously (which is how I got to where I was at with my savings) and set any investments for myself to the side for now if this is going to work. + +I have told my mother repeatedly to get a job, anything, because the strain is too much on us. She was only employed for a few months ago via an agency when she worked for a school. Those few months disrupted what she was getting for the benefits and she’s had to make repayments which my brother and I cover also. She’s an accountant by trade but has not found anything for so long that she has now started her own accounting firm as of December 2020. + +Please, any advice or help you have for me to consider is greatly appreciated. What would you do in this situation? My sister is 16, at school and about to take her GCSEs with these weird COVID changes. + +Edit: As I’m sure you can imagine, I’m currently at work and will continue to be as much as I can. Thank you for all the advice so far, I will take out time to read and respond as soon as I can. +I have no clue what are in these, but they sound juicy. 🤷‍♂️ Anyone know anything about these? This isn't the 801 we've waited for I know that. + +SR-FICC-2021-003 + +[https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/FICC/SR-FICC-2021-003.pdf](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/FICC/SR-FICC-2021-003.pdf) + +SR-FICC-2021-801 + +[https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/FICC/SR-FICC-2021-801.pdf](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/FICC/SR-FICC-2021-801.pdf) + +&#x200B; + +EDIT: Was posted yesterday but didn't seem to get much visibility. Original post: [https://www.reddit.com/r/Superstonk/comments/naxfrl/ficc2021003\_ficc2021801\_just\_added\_may\_12\_2021/](https://www.reddit.com/r/Superstonk/comments/naxfrl/ficc2021003_ficc2021801_just_added_may_12_2021/) + +Credit: u/ReverseTickleMonster + +&#x200B; +Are these HFs literally just going to just leave undeliveries and fake shorts with no punishment from the SEC? They have the rules laid out, just enforce them. + +5million shares undelivered for over a month with no one to tell them to buy shares to deliver. Is the SEC saying they are allowed to just leave it as undelivered indefinately then till the share prices dip to $3? Are the HFs going to just wait till december and just cover for $3 each cause no enforcement from SEC? Man if I dont pay the bill for $30 i get my wifi or electricity shut off, come the hell on. + +Also Someone enlighten me and why its not manipulation to trade stocks back and forth with the purpose of driving the stock down. Sounds like a direct purpose to manipulate and not based on free market supply and demand. + + +#Delivertheshares +Listening to the eth core dev meeting had me seething on this part. + +I'm not blindly opposed to EIP 999 but the insistence from Parity on fast tracking this thing is insane. + +WHY are you even discussing if it's worth to have 2 chains over the hard fork to implement a recovery proposal??? + +It's not! + +There is no critical systemic risk to the network here, it's NOT like the DAO and even that much less controversial hard fork had some serious implications. + +Funny thing is i DID participate in the Polkadot ICO and i would love to see my money help development/grants but certainly not if it leads to a contentious hard fork. + +And thanks to Peter for pointing out a coin vote isn't necessarily fair because of the massive amount of coins in Parity's possession.not a level playing field. + +It's a bailout pure and simple. + +I'm STILL not convinced this would have been treated the same if it was another company in the space that had lost the funds. + +\-\- + + ~~i posted this same thing on~~ r/ethereum ~~25 mins ago and it was removed,i want to believe i inadvertently triggered a badword and it was deleted by automod and not by a mod with an agenda:~~ + +proof: + +[https://i.imgur.com/wtQZXAn.jpg](https://i.imgur.com/wtQZXAn.jpg) + +[https://www.reddit.com/r/ethereum/comments/8dogdz/eip\_999\_is\_controversial/](https://www.reddit.com/r/ethereum/comments/8dogdz/eip_999_is_controversial/) + +EDIT:baseless speculation/insinuation, turns out it was automodded after all and it was not maliciously removed,thanks to u/nickjohnson for manually approving it. +As the title states, does anyone have some dd on why at&t is going downhill so heavily? They are still one of the top phone service providers in the nation and potentially have most the market space in 5G? I noticed it was the first one voted off the island for which dividend fund you should use. If this has been answered I apologize for repeating questions. +I have lost over 15-20k trying to learn to trade in the last year. I’ve accepted that with my gambling tendencies and previous history with that issue, trading has become too hard to overcome the mental barrier between trading with a plan and filling my gambling habit. Luckily I have a high paying job right now so it’s not the end of the world, but that’s a car purchase right there that I lost due to horrible risk management, over positioning way too early on (10+ contracts in $TSLA for example), and purely emotional trading. Each loss got worse as I tried to earn back what I had previously lost. I’m sure I can’t be the only one who has done this. + +I need to stop. I need to focus on keeping my hard earned money to support my future family. I have not told anyone in person of my big loss, neither my girlfriend, family, or friends. It hurts to think the pain it may cause them to know of this. + +If anybody has tips on getting over a gambling addiction, please do share. I’ve tried quitting trading a few times and always came back saying “I’m so close!”. This time I’ve deleted all programs and trading apps. Liquidated my account into my savings. Unfollowed trading instagrammers. Deleted discord. + +Just needed to vent. You’re all welcome for my provision of liquidity to the market :) but I must be done. I may be back someday, but through a program such as paper trading or TopStep Trader where I’m not risking my own capital. + +Thanks for listening to my Ted talk and God bless! +Currently, there is a post on the frontpage saying that ADA is overhyped. While the author has some points, most of them can be countered pretty easily. Let me explain + +Disclaimer: I am mainly comparing ADA to ETH in this post, and I do not prefer one coin over the other. While I will try to be as objective as possible, for transparency reasons I want you to know that I hold both of them in my personal Portfolio + +Let me now list all the arguments people use against Cardano + +"ADA doesn't have a working product" + +Actually, this isn't correct. First of all, they already have a working POS system, which can't be said about ETH. ADA already has a lot of strategic partnerships, for example the Ethiopian government, which is planning to use a licenced copy of the blockchain to store its students data. + +"ADA has been in development for years!" + +Yes, but so does any other crypto, ethereum is still in development, too. This is what makes it great. A working product is a less risky investment, but it also leads to less potential growth. IOHK is developing cardano slowly because they want to get it right and are backing it with research This approach is, in my opinion, the best possible one, as it should eliminate potential fatal errors before a full rollout. + +"ADA is only big because Charles is manipulating its community!" + +Charles is engaging with its community all the time, thats right. But he isn't shilling ada. Everything he says is backed by facts, the only thing he is doing is keeping the community updated on the project and providing transparency in the development process. In stark contrast to a lot of other crypto devs, which usually have limited community engagement, Charles is keeping the ADA community up to date, and I am thankful for that + +"ADA will never kill ETH" + +It doesn't have to. Multiple PoS chains can coexist, that's the point of decentralisation. Not being forced to use a certain service by a certain company. Charles himself never said that ADA is an eth killer, quite the opposite, he thinks ADA and ETH can co-exist + +I am really excited about the future of cardano because I think it is an amazing project with lots of potential. I will keep loading my bags with ada because I believe in it's team and technology + +But please take everything I said with a grain of salt, I am just a random person on the internet + +Edit: typo +I am very fortunate to have a father who has a solid mind for economics. He's saved all he could since he started working over 40 years ago. When I was 16, he hauled my angsty teenage ass into Edward Jones, so I could start investing the extra pocket change I had lying around. He kept his own Roth and individual accounts there, although his 401k was thankfully held at Prudential. + +I tossed the man with the wall of degrees and pictures of himself on Wall Street 500 bucks and started my partnership. I didn't have the slightest idea what an expense ratio or front-loaded sales charge were. Over the next 8 years, I'd blindly send my broker between 200 and 500 dollars a month, confident that he was looking out for me and casting some crazy investment magic to make my money grow. I was happy just having that money to fall back on, and I even pulled some out a few times to pay off my car and close on my house. But I never actually checked on what the mutual funds I owned actually WERE. And not once was I invited to learn by this broker. Thankfully, I started doing my own research and learning about making investments on my own. Finally, after almost 9 years of holding these funds, I looked up what their expense ratios were, and I was blown away. + +The 6 funds my money had been given to had expense ratios between .57% and !!!2.3%!!! Not only that, but Edward Jones charged a front-end load of 5.75% on every single deposit. I can't even begin to imagine how much money I lost during those years. And it wasn't like my investments were doing gangbusters either. Between 2010 and 2019 they ranged from 12% to -2%. All that money I could have been making went straight to their own bank account. + +When I went to my broker to confront him, I asked him what he thought about low-fee, passively managed index funds. His response was to pull up a side-by side comparison of VTSAX and the best-performing mutual fund he'd picked out for me and say that VTSAX was overdiversified, and even though it was outperforming and cheaper than his own, it wasn't worth getting because it was riskier. I was gone and over to Etrade within the month. + +I didn't tell this story to be self-congradulatory or get pats on the back. I wanted to show that education is key. Even if you have a drive to save and invest, some people see this as you simply having money to spend. And good salesmen who make you believe your money is better in their hands can still snatch a huge piece of your pie. + +Edit: Thank you all for the comments and discussions that have been had. I've seen a couple of people defending brokerage fees because brokerages are there for the common man who "doesn't have time" or "doesn't want to learn" the financial system. I want to do a little math to try and convince people who may be swayed by these arguments. + +Let's say that I'm putting $5,500 a year into a Roth IRA that earns 7% a year for 35 years (I'm conservative) with no fees. At the end of that time I will have $895,608.12. But, what happens if we do the same investments with the fees that Edward Jones was pushing on me? Well, for starters the 5.75% front load turns the $5,500 into $5,184. And that 7% return will turn into a 4.7% from the 2.3% expense ratio. And now, at the end of the 35 years, I'd be left with $488,010. This is absolutely unacceptable. + +On my own: 895k. + +With Edward Jones: 488k + +Profit I made for the company: 407 THOUSAND DOLLARS. + +That's a huge chunk of change to pay because you don't want to learn. Education is key. +Now, 1,000 workers build seven days a week on two shifts in an effort to start churning out lithium-ion cells by late 2016. Elon Musk is set to inaugurate the Gigafactory with a media briefing today, followed by an exclusive tour and party for Tesla customers on Friday. +J. Crew Group Inc. filed for bankruptcy, unable to revive flagging sales of its preppy clothing line amid the coronavirus pandemic and crushed by debt rooted in a long-ago leveraged buyout. + +Source: https://www.bloomberg.com/news/articles/2020-05-04/j-crew-files-bankruptcy-felled-by-pandemic-and-crushing-debt?utm_source=facebook&utm_campaign=socialflow-organic +Short interest of GME = 3,000% - 10,000% with float in the billions. + +https://www.reddit.com/r/Superstonk/comments/npi3s7/thesis_si_is_between_3000_10000_assuming_30m/ + +Short interest of GME is 6000% with float at about 4.62 billion shares. + +https://www.reddit.com/r/Superstonk/comments/pfck0g/short_shorter_ep_4_about_a_month_ago_i_used_the/ +I’m in the middle of Inside the Black Box as my intro to the concepts. Great book so far! I have a good background in Python already, so I don’t necessarily need a beginner python book. What would be a good technical hands-on book that would compliment the one I’m currently reading? There’s a bunch of them. I’m thinking Algorithmic Trading by Chan, but it looks more like a similar type as my current one of concepts more than hands-on, no? + +By the way, like many I’m a hobbyist with a tech background. Not a finance background. + +Thanks! + + +**What is DCG?**\- As stated on [their website](https://dcg.co/) they are **"The epicenter of the B\*\*\*\*\*\* and blockchain industry"** who aim to " accelerate the development of a better financial system. They build and support b\*\*\*\*\*\* and blockchain companies by leveraging their insights, network, and access to capital." + +# Who runs DCG and what are their connections?- + +**Barry Silbert, Founder and CEO**. + +\- Barry was an Investment Banker at Houlihan Lokey up until 2004. + +\-Founder of Restricted Stock Partners which changed its name to [**SecondMarket**](https://www.crunchbase.com/organization/secondmarket) after 2008. SecondMarket was than sold to NASDAQ in 2015, who still operate the company under [**NASDAQ Private Market**](https://www.nasdaq.com/solutions/private-company-solutions). + +SecondMarket was named "a Technology Pioneer by the **World Economic Forum** at its 2010 convention in Davos" and identified as a "registered broker-dealer and member of FINRA, MSRB and SIPC and a SEC registered alternative trading system (ATS) for private company stock." + +&amp;#x200B; + +**Glenn Hutchins, Co-Founder-** + +\- Glenn is also a Co-Founder of [**Silver Lake**](https://www.silverlake.com/?v=2), a "global leader in technology investing". + +\- Is a Director at AT&amp;T and [**VirtuFinancial**](https://www.virtu.com/) (Market maker connected to Citadel). + +\- Was on the Executive Committee of the **Obama Foundation.** + +\- Board member of the **Federal Reserve Bank of New York** and Center for American Progress. + +\- **Served President Clinton** as special advisor on economic and health care polices. + +&amp;#x200B; + +**Lawrence Summers, Board Advisor-** + +\- Lawrence served as the **Secretary of Treasury** for Clinton + +\- Was the Director of the **National Economic Council** for Obama + +\- Former Vice President of Development **Economics and Chief Economist of the World Bank** + +Fun fact: Larry Summers" AKA Lawrence Summers, was also the one to fight for deregulation of the derivates market back in the 90's + +&amp;#x200B; + +**Matt Kummbell, Director, Strategy of Operations** + +\- Head of North America for **Citi's Business Advisory Services** ( a strategic consulting practice focused on institutional investor clients in Citi’s Markets division). + +\- Held strategic and front-office leadership roles in the Hedge Fund industry at **Citadel**, Balyasny Asset Management, and **S.A.C. Capital Advisors**, the predecessor to **Point 72.** + +&amp;#x200B; + +There are more connections you can see [here](https://dcg.co/who-we-are/), such as Bloomberg and JP Morgan. The point should be clear though, DCG has some of the top names in the financial industry and connections to some of the most powerful organizations globally. + +# What does DCG do? + +Welp. fucking everything. They own [Genesis](https://genesistrading.com/), [Grayscale](https://grayscale.com/), [CoinDesk](https://www.coindesk.com/), [Foundry](https://foundrydigital.com/), and [Luno](https://www.luno.com/). These subsidiaries of DCG are all listed on their website but also in Grayscales most recent 8-K filing. + +&amp;#x200B; + +https://preview.redd.it/4y4nripa9oc71.jpg?width=810&amp;format=pjpg&amp;auto=webp&amp;s=bcebaf4c92f1b602a5d37ea0151206020d1881eb + +**Lets briefly dig into those subsidiaries to see exactly what's going on-** + +**Genesis-** (Que the 100x leverage) + +Is a fully digitalized **prime broker** that provides investors with a secure marketplace to **trade, borrow, lend and custody digital currencies.** + +\- Trading: "Complete large orders rapidly and reliably. Our **OTC digital asset trading** firm is regulated as a securities broker-dealer with the SEC and FINRA." + +\- Lending: "Lend and borrow digital assets, and tap into **alternative liquidity for hedging, speculation and working capital needs**. Terms designed for **institutional funds** and **market makers**." + +\- Custody: "Custody assets utilizing the latest breakthroughs in secure cold storage and MPC hybrid technologies. Comprehensive digital currency **insurance** on accounts." + +Now who can use Genesis? " Genesis provides **institutional investors** with an all-in-one solution to put **substantial amounts of capital** to work. Services include secure, **discreet buying and selling, borrowing and lending** in large sizes over fixed-terms, custody services to secure assets, and screening to ensure KYC and AML requirements are met. " + +&amp;#x200B; + +**Grayscale-** + +"Is the world’s **largest digital currency asset manager**. It sponsors fourteen investment products, including the Grayscale B\*\*\*\*\*\* Trust and the Digital Large Cap Fund"... Basically crypto ETFs. + +Here's the "products" they offer + +1. Grayscale Basic Attention Token Trust +2. Grayscale B\*\*\*\*\*\* Trust +3. Grayscale B\*\*\*\*\*\* Cash trust +4. Grayscale Chai\*\*\*\* Trust +5. Grayscale Decentralized Trust +6. Grayscale Et\*\*\*\*\*\* Trust +7. Grayscale Et\*\*\*\*\*\* Classic Trust +8. Grayscale File\*\*\*\* Trust +9. Grayscale Hor\*\*\*\* Trust +10. Grayscale Lit\*\*\*\* Trust +11. Grayscale Live\*\*\*\* Trust +12. Grayscale Stel\*\*\* lum\*\*\*\*Trust +13. Grayscale Ze\*\*\* Trust +14. Grayscale De-Fi Trust +15. Grayscale Digital Large Cap Fund + +&amp;#x200B; + +**CoinDesk-** + +"CoinDesk is the leading source of **blockchain news, research, and data**. It organizes Consensus, the digital asset industry’s premier annual event." Simple put, a news to push DCG/ Greyscales narratives. They literally work in [the same fucking building](https://www.coindesk.com/coindesk-to-move-into-same-building-as-owner-digital-currency-group) as DCG. + +&amp;#x200B; + +**Foundry-** + +Is a **financing and advisory** company focused on digital asset **mining** and **staking**. By tapping DCG’s institutional expertise, capital, and market intelligence, Foundry provides North American b\*\*\*\*\*\* miners and manufacturers with the resources needed to maintain and secure decentralized networks. They also run the "Foundry USA Pool" to guarantee **stable payouts** for miners." + +&amp;#x200B; + +**Luno-** + +"A leading **digital asset exchange and wallet** operating in major and emerging markets, Luno makes it safe and easy to buy, store and learn about cryptocurrencies." This is basically where they get retail investors, Grayscale in mostly intuitional. + +# Tying things together/ TL:DR + +DCG is essentially a prime broker, hedge fund, crypto news/ media outlet and crypto trust/ ETF exchange. While also providing crypto wallets, a retail transaction platform, and mining/ Staking infrastructure. They have/ are building a monopoly over the crypto markets. They work with institutions, hedge funds, and market makers to lend and borrow crypto as a source of "alternative liquidity for hedging" on OTC markets. They have major connections to the US government, NASDAQ, World banks, any many hedge funds that we already know are short on capital due to "meme stocks". These fuckers basically have their hand in every sector of the crypto market and are centralizing it by using crypto as a source of liquidity and hedging for stock market based positions. + +&amp;#x200B; + +look at the performance of Grayscales Trusts as more confirmation to this. They literally all 'pump and dump' between 12/2020 to now, or have an "inception date" between 2/26/2021- 7/14/2021 and follow the same 'pump and dump' trend... [https://grayscale.com/products/](https://grayscale.com/products/) + +&amp;#x200B; + +**Final note:** I don't feel like this DD is fully complete. I believe there needs to be quite a bit more digging into DCG, its subsidiaries, and their connections- but I’m putting this out to hopefully get more eyes on DCG and more people digging. Also, this is not financial advice. + + + +Automod... Please fuck off +My 71 year old father has been self-employed for the last 20 years and, unbeknownst to our family, has been saving some money. He's not from the USA and had/has little to no understanding of investing, let alone 401ks/IRAs. He told me recently that he has about $200,000 saved in a basic savings account. Is there anything at this point that would be a good investment for him? I know that there rules of thumb like X% in stocks and Y% in bonds depending on your age, but is there even any point in investing at his age, or should he just slowly draw down the savings account each year? He also gets SS and can probably live off $10-$12k a year. I looked through the subreddit/wiki but wasn't able to find an equivalent to this situation. Thanks. +When you start to feel down on yourself about a FOMO, panic sell, or bad trade, just remember that Warren Buffet sold all his airlines at the literal bottom for untold millions lost and then sat on the sideline in cash for this entire run up + +Edit: Wow thanks for the award! My first on Reddit :) + +Edit 2: this post has doubled my overall Reddit Karma. Glad we can all take a breather and realize we are all human and not take ourselves too seriously. Now what’s the ratio between Karma and Reddit gold, 100000000:1? LFG! +Pessimism on this sub (and similar financial subs) is rampant. I don't even recall things being quite this negative during the COVID crash or anytime in the last 5+ years. + +Raising interest rates are going to kill growth stocks, China's recession is a massive threat, inflation will kill our cash, real estate has overheated, the rug is really about to be pulled on almost all asset classes -- there's really no way to financially survive the next year going off sentiment here. + +So why won't the markets tank? What's going to send us to DOW 40,000+ that so many people are overlooking? I'd love to hear what anyone might be optimistic about. +I need help figuring out how to manage myself better with trading. + +4 weeks ago I put 7,000$ into a trading account. +As of today it’s down to 195$. + +I don’t care about losing the money even though it was a lot to me. I’m planning on working overtime at my 9-5 till the end of the year to put another 5-7k in and I am determined to become a full time trader no matter what it takes, even if I have to work my shitty job for years. I’m okay blowing up as many accounts as I need to until I learn how to trade professionally. Being a trader is the only “dream job” I’ve ever had. (I don’t have a lot of hobbies I like.) + +Where I messed up was a couple things. The number one thing was to summarize not being disciplined. + +On paper I have a good strategy. I spent time working on it and it works well. + +When it comes to the real market lots of stuff happen. + +I plan on max 3-5 trades a day, the last two days alone I made over 100 trades. + +When the market opens I just find myself thinking every possible trade looks okay and taking it, upping position size to make up for losers, not stopping trading when I hit my daily loss amount, not stopping when I’ve hit my daily profit goal, basically I’m just running on adrenaline and not making the best choices. + +When I mess up my plan, my consequence is I’m supposed to paper trade the next day and then I can come back the following day. but the paper trading day comes and I feel confident that “today will be different!” I live trade and end of the day I’ve made the same mistakes. + +In week 3 and 4 I told myself I was going to drop my size to one share and really just focus on trading well. When the market opened I went to my usual size everyday. + +My strategy is option scalping, so my usual size is just 1 contract at a time. But I feel so much adrenaline when I’m trading I get overwhelmed and just make dumb choices. + +I’ve had probably 2-4 days in the last 20 days I traded where I followed my rules. Those were great days but I just was overwhelmed with wanting to do more. + +I absolutely love trading and I would probably do it for fun even if I didn’t need money, but I’m stuck on trying to find ways to fix my natural untrained state of mind. + +I’ve tried finding a mentor or looking for a trading psychologist but I’ve had no luck. + +Is this just something that everyone struggles with? If so how did you progress past the undisciplined state? + +Is there any resources, things I could learn, watch, read, practice daily, YouTube channels or anything at all to help me stick to my strategy live trading? + +I’ve watched think like a Professional trader by Mark Douglas a couple times, And I just found Randall Howells YouTube channel. +I watch trading videos by Meir Barak, Matt Diamond, Institute of Trading, and Rayner Teo. + +All great resources and I learn tons daily but in the moment my mind goes blank and I just mess up. + +Any and all help is appreciated. +I am a recently graduated doctor. I now have a guaranteed job for the foreseeable future, with a starting salary of 70k, increasing by 10k a year for the next 5 years. + +I have 7k in personal loans debt. +I have 8k invested in the stock market in ETFs (VAS). +I have 80k in HECS debt. + +I have worked out that my salary will be about 1k after tax. I’ll be living in an area costing 300 a week in rent. + +My questions are +1) how much should I be saving? +2) should I pay off all my debt ASAP instead of saving anything? +3) I am behind all my friends who got full time jobs out of school or undergrad in super. Should I make extra contributions for the next few years to catch up? +4) should I worry about paying off my hecs or just make the compulsory contributions? + +Thanks for the help :) +Title, basically. It‘s difficult filtering out who is talking out of their ass and who is actually experienced and i see a lot of people asking for this or something similar. +This morning there was a super brief flash crash on Kraken. No other exchange experienced any volatility in price as far as I can tell. Despite huge volume shown on the graph, the price recovered immediately. + +What has me worried is that this seemingly affected the price feed on dai.makerdao.com + +As you can see on the screen grabs here https://imgur.com/a/y7kuC + +The ETH price from the price feed dropped below $470 but went back up within several minutes. Now I know that the Maker team mitigated this by designing the system to have several price feeds so flash crashes wouldn´t affect the DAI system. It seems it still does. Of course it would suck to have a CDP liquidated because of a flash crash (condolences to the guy who had his $4 million DAI CDP liquidated yesterday at $505 only for the price to go back up to $530 12 hours later :-( + +Can someone explain what happened and if this is indeed related to the Kraken flash crash? Anyone from the Maker team care to comment? + +This is the official $GME Megathread for r/Superstonk. 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Check the main page for the sticky post and vote now! + +**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) + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily discussion threads are created at 4:00 a.m. EDT* + +Here in US, I wonder if some tenants will offer more than the listed price to get their application ahead of others and if property owners with multiple over-offer applicants ask them to submit their “highest and best offer.” + +Will owners tell potential customers to be ready for a bidding war and that they should submit their very highest offer upfront. + +Anyone experiencing bidding wars as a landlord or as a tenant yet? + +https://www.floridarealtors.org/news-media/news-articles/2022/05/some-renters-must-submit-highest-and-best-offer?utm_campaign=5-13-22+Florida+Realtors+News&utm_source=iPost&utm_medium=email +As the title reads - there are some pretty wild predictions for the next month (assuming some good news), surely everyone here deep in IVZ isn’t going to diamond hand it forever. + +What price are holders planning to bail on assuming it starts it’s 🚀🚀🚀 +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) +This fucking bot has done nothing but shit up threads, and is constantly getting stuck in a loop with another bot, the fiaustralia thread on here has reached 1.2k comments because of it and has just added a ridiculous amount of clutter to the conversation. + +[View Poll](https://www.reddit.com/poll/imjjtc) +Sorry I'm very new to this but what statistics of a company did people analyse to determine that they will do well and are there any specific examples of these? What specific data would they look for e.g projected capital deficiency etc but im very new to this so don't understand much. + +Is there anywhere online I can find out more about 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 am sitting on cash, searching for my next deal, but I always run into the same walls and it has me feeling stuck. I'm currently on the west coast with a primary in Nevada and I also own a duplex in the midwest that cashflows really nicely. I'd like to move forward with a 10% down second home and airbnb, but I keep running into the same issues. Not enough capital, not enough cash on cash return, high capital for low return, risk appetite, etc etc. I'd like to invest in something in my backyard, CA, UT, ID, WA, etc. but I am having a really hard time finding deals, unless I am just approaching it the wrong way. + + +I feel like I am just making excuses, or being scared, but it keeps leaving me with this feeling of being stuck and letting this cash depreciate with inflation. Any feedback would be appreciated. +My logic is summarized in these 3 points: + +* **Removal of SALT Deduction** - Individual homeowners will be more incentivized to rent with a large increase in annual costs associated with home ownership. +* **REITs Get Nothing** - REITs already receive heavy tax incentives and do not benefit from a large corporate tax rate reduction. So investors will shuffle around and leave REITs at their currently unfavorable prices. +* **Impact to Smaller Investors** - Individual and smaller investors can declare their purchases as part of a business and get a lower tax rate, but they still have to pay extra property taxes to their States. In markets with already low capitalization rates, investors will see their profits drop far too low to be worth it at current prices. + +The impact to REITs, in my opinion, is what will cause the rest of the country’s housing market to drop. + +Removal of SALT deductions will really only (heavily) impact areas that have high housing prices and\/or high property tax rates. For a house worth 500k and a property tax rate of 0.6% to 1% (edit: California property tax rate, which is lower than the average national rate), buyers are looking at an added cost of up to ~~$150,000~~ $45,000 (edit: forgot to multiply by marginal tax rate) in 30 years of ownership. That is not insignificant and will reshape how the average homeowner views real estate going forward. (edit: these values can be considered fairly conservative estimates for single-family homeowners) + +REITs on the other hand have been heavily maimed. These companies are effectively not taxed at all if they give away over 90&#37; of their profits. So a reduction in the corporate tax rate just elevates the rest of the industry while leaving REITs in the dust. REITs buy up lots of property and I think we’ll be seeing a reduction in REIT expansion and a subsequent stagnation in profits. Perhaps even a decline in the long-term. +There are so many youtubers these days that have something to say about stock valuation that as a no-expert, it is becoming hard to filter who is saying smart things from dumb shit. I am not talking about channels that spin videos like "3 stocks I am buying blabla" - those are dumb, I am talking about channels that focus more on fundamentals, company reviews, stock valuation approaches etc. + +So far I have 2 channels that I follow (with a grain of salt): + +1. Sven Carlin https://www.youtube.com/channel/UCrTTBSUr0zhPU56UQljag5A - although recently, he is more about spinning the narrative and his videos towards his paid platform. His content is more balanced but brushed through concepts really quickly without too much depth. + +2. Spicer Capital - https://www.youtube.com/channel/UCCT0Wyv-6exFtHoC4TGgr0Q - I really enjoy his videos and his balanced approach to diversification, MPT etc. + +Both Sven and Spicer have different accreditation. It of course doesn't mean much as experts can be wrong but to me it is at least something compared to the likes of many youtubers like Financial Education (Jeremy) / Michael Jay where I have no idea what credibility these guys even have. Do they just buy a few stocks and are now experts? + +There is of course Damodaran's channel but i fear a bit too advanced for me right now. Any other recommendations? + +**About Kuvera**: + +Kuvera is the world’s first completely Free Financial Planning and Investing platform. That’s right – no hidden commissions, no AUM linked or monthly subscription fees. + +**About Gaurav Rastogi**: + +*From the Kuvera site:* + +>Gaurav is our Chief Evangelist. As a Portfolio Manager with Morgan Stanley, Gaurav saw first hand how the wealth management industry is focused solely on the super rich. He started Kuvera to change that and is on a mission to make the latest investment tools available to everyone. He also enjoys quoting dialogues from movies and playing soccer. + +**About Neelabh Sanyal**: + +*From the Kuvera site*: + +>Neelabh obsesses with solving for efficiency. His mission at Kuvera is to simplify the delivery of financial services. And for that, he focusses on unlearning everything he had learned while working for some of the largest banks in the world. He is an avid poker enthusiast and aspires for a WSOP bracelet someday. + +Prepare your queries related to mutual funds, quants, tech or bollywood etc. \(mod note: hopefully more of finance compared to bollywood\) + +The AMA is scheduled for **12th May, 2018 @ 12 PM IST** + +If you are unavailable on the 12th and would like to have your questions answered, leave them here or PM the mods, and we'll try and have them answered by Gaurav and Neelabh. You can also post your questions now, to give Gaurav and Neelabh time to prepare their responses \(answers would be in the AMA thread\). +>Axis Asset Management Co., which is India’s seventh largest mutual fund manager and partly owned by Schroders, in May sacked two employees, including its chief dealer, amid an ongoing internal probe. +A sprawling regulatory probe that’s ensnared the Indian partner of Schroders Plc is roiling one of the nation’s largest asset managers and is poised to shake up India’s $465 billion mutual fund industry. +The fund in early July submitted its findings to regulators and said it had evidence to believe that the terminated executives had violated securities law. Meanwhile, the Securities & Exchange Board of India has been carrying out its own investigation into potential front-running by the two men, a person familiar with the agency’s probe said, asking not to be identified discussing private information.  +Front running is the trading of stocks by someone privy to information about a large impending transaction that will move prices. It’s illegal in India, and massive search and seizure operations were conducted by the market regulator at the offices and residences of Axis Mutual Fund executives, and other stock brokers and traders, the person said. In all, the regulator’s probe covered 30 locations in different cities after it received surveillance alerts and input from the stock exchange about suspected front running in trades of Axis Mutual Fund by certain parties, the person said. +Interviews with nine people familiar with the investigations showed how a pandemic-fueled boom in India’s investment industry may have made it harder for executives and regulators to manage the fallouts of that outsized growth. British investment giant Schroders holds a 25% stake in Axis Asset Management, with Axis Bank Ltd. holding the rest. +Edit: Longer source + +https://www.cnbc.com/2019/09/18/fed-decision-interest-rates-cut.html + +2 Fed members wanted a 50 bps cut. One wanted to hold the FFR stable. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include, but are not limited to, general discussion, details related to events of the day, technical analysis, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! +On the subject of "1% Net Worth By Age Percentile". + +**Top 1% of Wealth by Age (USA)** + +* Age 25 to 29 $700,000.00 +* Age 30 to 34 $805,400.00 +* Age 35 to 39 $1,638,900.00 +* Age 40 to 44 $2,400,200.00 +* Age 45 to 49 $3,528,000.00 +* Age 50 to 54 $6,200,000.00 +* Age 55 to 59 $8,200,000.00 +* Age 60 to 64 $9,800,000.00 +* Age 65 to 69 $11,200,000.00 +* Age 70 to 74 $9,870,000.00 +* Age 75 to 79 $8,100,000.00 +* Age 80 Plus $7,235,000.00 +* source: [https://www.thekickassentrepreneur.com/net-worth-by-age-percentile-calculator-for-usa/](https://www.thekickassentrepreneur.com/net-worth-by-age-percentile-calculator-for-usa/) + +I'm curious if anyone has any information about the "likelihood" of a young individual currently in the top 1 percent "by their age group" to stay in the top 1% as this individual ages.  + +e.g. an individual aged 45 with a current NW of 3.6M.... turns 65, compounding that wealth at 7% should get them about 14M. Do you think that 20 yrs from now that individual will still be in the 1%? or will it take more to be in the 1% at that time? + +It seems logical that they should remain in the 1% ---- assuming the individual is not spending their nest egg and continues to earn about 7 to 8% "avg market returns" through the power of compounding? Add more money would obviously improve the odds (I'm talking about not adding any more money). + +&#x200B; + +**\*\*\*\*\*\*\*\*\*\*\*\*Updated/Edited: Some were asking about Canadian data** + +source: [https://www.thekickassentrepreneur.com/net-worth-by-age-percentile-calculator-for-canada/](https://www.thekickassentrepreneur.com/net-worth-by-age-percentile-calculator-for-canada/) + +**Top 1% of Wealth by Age in Canada** + +* Age 25 to 29 $405,736.00 +* Age 30 to 34 $811,472.00 +* Age 35 to 39 $1,622,944.80 +* Age 40 to 44 $2,434,417.20 +* Age 45 to 49 $3,651,625.80 +* Age 50 to 54 $4,868,834.40 +* Age 55 to 59 $6,491,779.20 +* Age 60 to 64 $8,114,724.00 +* Age 65 to 69 $9,737,668.00 +* Age 70 to 74 $8,114,724.00 +* Age 75 to 79 $6,491,779.20 +* Age 80 Plus $5,680,306.80 + On Twitter this morning, Rosenberg says: + + +>So we have a monetary policy in Canada that is being influenced by the 8&#37; of the population that blew its brains out on debt. How wonderful. This is why the rest of the country pays the price via a CAD that should be closer to 85 cents than 78 cents if Canada/US rate spreads were zero instead of chronically negative \(with oil prices where they are trading today\) + +Thoughts? + +So you read the second chapter of some standard social psychology textbook, and learned that an anti-climax is a bummer and demotivates people to invest in long-term goals. You put 2 and 2 together, and run all the way to your boss to propose a clever plan: + +1. Steadily let apes raise their expectations, all the way up to an "important" date (6/9). +2. On this date, after closing, bring them down, and push harder on the next day. +3. rEseArcH shOws thAt anTI-climAtic ouTcOmes crUsH mOtivatiOn. +4. See how apes slowly post Hercules' "Disappointed" gifs, point fingers at each other, mishandle their frustration, and retreat. + +Not bad! "Oh, but it's all about creating momentum, creating some critical mass... apes follow others like ants!" + +This is where you got it all wrong (plus, apes are a different species than ants\*). Our strategy is dominant: we all individually see that holding makes sense. A drop is a dip. And we can wait! Now that you think about it... we do enjoy the wait! This sub has become such a fun daily hangout for us. Have you seen the comments during weekends? We hate the weekends (except for the weekends in which we see pictures of office buildings with the lights on). + +We like the process and we like the potential outcome \[read this sentence again, in case you managed to get to the chapter about intrinsic motivation\]. + +I feel you, nevertheless. If I were hired to design a social scientific strategy to demotivate apes, I'd be scratching my head with a lot of stress. Ask Economics Nobel laureates how to make agents deviate from dominant strategies. It's hard! Specially when agents are long-term oriented. By now, the average ape has trained eyes to spot shills and FUD at first sight, and we are proud to count on the Knights of New, and Satori. You have a tough task ahead. + +Sure, we like green candles. But trust me: you are dealing with a strange species here. Your "science" has not power in here. + +Stay hydrated, + +An average ape. + +Edit: \*Apes are different than *regular* ants. Now, Korean Ants... those are on entire league of their own, and apes cannot be prouder to join forces with them. + +&#x200B; + +https://preview.redd.it/lrtxc75srg471.jpg?width=982&format=pjpg&auto=webp&s=93283a049e731ad93c62d094302eededc703f08e +hey everyone, + +looking at 3 units around in north jersey at the moment and was wondering if anyone in the past has had success in house hacking and then cash flowing once you moved out. + +any tips? +Hey Daytrading community! + +&#x200B; + +I've noticed (and love the fact) that so may people in daytrading specifically are caught on psychology and psychological hang ups. Even yesterday there was a write up on "the best strategy won't make your rich" and couldn't agree more. + +I did a recent write up on this very topic on something that loads of people miss when pursuing a real career in trading - simplification. + +&#x200B; + +I coached a couple guys and the issues were all the same, just as mine were (and still are sometimes): + +\- Overtrading + +\- No actual trading plan written down, with buy rules, sell rules and position size + +\- No respect for risk + +\- Amazing ability to risk to much + +People go super deep on these topics and rightly so but there are some pretty straight forward things that have helped me be consistent in my trading career: + + + +1. Limiting social media - this was a life changer not just in trading +2. Reducing Screening Criteria results (so more criteria but less selection) +3. Optimizing my Trading Workspace - the layouts and qualifying trades +4. Using a Checklist +5. Quarterly Trade Review + +I think the first part of getting more consistent is really treating this like a business. The amount of people deluded about what it takes "is too damn high" though. + +Everybody wants to make the money, nobody wants to accept it just takes HUGE personal responsibility and some years to get spot on. + +The full writeup is on my blog redpilltrades - nothing for sale, just fascinated about my own psychology, that of others and how trading is the greatest arena the world has to offer. Good luck on open! +e.g. The only reason the 4% rate survived the great depression was because of the 40% bonds. If the portfolio was 80-100% stocks which many people today seem to go for, it would have been utterly destroyed with a 4% withdrawal + +Bond yields were very high historically, 2-4% REAL returns even with Government bonds, this is why the 4% rule worked so well. But if you have 40% in bonds yielding a measly 1-1.5% today (nominal!) with the additional risk that future rate rises will totally crush their value, I don't see how the 4% rule is relevant today. A 40% bond portfolio (with high quality gov and IG corporate bonds) would have wayy expected lower return these days, with well under inflation interest rates. Am I missing something? Did the 4% rule study actually test time periods where bond/interest rates were near 0 and stocks were at near record valuations like today? Even in the 2000 and 2008 crashes yields were way higher and could be dropped, now they have no room to drop. + +&#x200B; + +EDIT - I came back from work to find way more replies than I expected, I will try to respond to as many as possible but I didn't expect this number of comments +You dipshits we’re on the up that doesn’t mean sell because the shares went up a few bucks now keep holding you fucks + +Edit: Don’t buy me medals buy more stocks you dumb fucks +For all the postings and articles about replicating Peter Thiel’s Roth IRA strategy I can’t find anything that goes deeper than the conceptual level and am looking for the actual actions I could take to make this happen. My tax advisers can’t figure it out and want me to put the securities in private placement life insurance instead. It’s beginning to feel like teenage sex: everyone talking about it, nobody knows how to do it! + +I am in a unique spot this year where I am founding a new company and will have minimal income so this will be the only year I qualify to setup a Roth and have considerable control over the shares of my early company. How, specifically, can I get my founders shares inside a Roth before year end? Thank you!! +Commission-free broker + +Fractional shares are fine. + +I'm thinking 10% in each the following: + +* SCHD +* MSFT +* AAPL +* COST +* WM +* SPY +* DGRO +* NVDA +* GOOG +* O + +30 years old looking for a combination of steady growth and dividends. +As the title states - I got a flyer in the mail for a house in my area which was sold for 520k, in feb/march, after being listed since July. + +The flyer the real estate sent out states it was "sold in two weeks!" and that it sold for 600k + +Is there somewhere I can report this? I've been trying to google it but most of what I find is related to current listings or doesn't have contact details + + +[Pics of misleading flyer](https://imgur.com/a/Qfz1ggw) +Headline: In 1970 average house prices were 3.8 x average annual salaries. In 2018 that figure is 8.4. + +Thought you might like to see the chart I created showing the change of average salaries in the UK and average house prices. + +[https://www.reddit.com/r/dataisbeautiful/comments/e1guqk/oc\_ok\_boomer\_salary\_vs\_house\_prices\_in\_uk/?utm\_source=share&utm\_medium=web2x](https://www.reddit.com/r/dataisbeautiful/comments/e1guqk/oc_ok_boomer_salary_vs_house_prices_in_uk/?utm_source=share&utm_medium=web2x) +Hi guys, what apps do you use to track portfolio? + +I’ve purchased direct mutual funds from respective fund houses apps, and have stocks with a broker so it’s challenging to track. + +I’ve tried +1. Wealthy(asks for your full email read access) +2. MProfit(Confused Onboarding - I think it’s only for users who invest using their service) +3. Moneycontrol (just saw 3 ads in under 1 minute of using) + +I want to: +1. Add purchase date, MFs & stocks, let app automatically fetch price data, if it’s incorrect - correct it +2. Check CAGR, IRR etc +3. Sector wise holding in mutual funds and stocks +4. Company wise allocation in stocks and mutual funds(based on MF holding changes - so I don’t end up buying same stocks already on certain MFs) +5. Hopefully have a web and mobile version + +I know it sounds like a wishlist, but if there are any apps which could do these, please let me know. I don’t mind paying for it. It’ll really be helpful. +My boss said that he's gonna make 1 percent every day and if he does that ge can make over 10x his money in a year. But I told him the sp500 om average is 7 percent and even hedge funds can't outperform that. He cut me off and said lots of millionaires stay wealthy by trading the stock market themselves daily. I told him I'm not sure who he thinks these people are but that it's not remotely as easy as it seems. He got annoyed with Me and just said that I didn't know what I was talking about because he had access to special information. Why do people think that it's easy to get 10x every year? By the way he put 50000 into the stock market into a company and lost 95 percent of it. Who is telling these people or how do they come to the conclusion that beating the market (treasuries bonds crypto equities commodities) isn't insanely easy but insanely hard and even warren buffett can't get 17 percent a year and he's the best in history? This guy doesent even what what a pe ratio is. He doesent know that stocks are fundamentally companies and have earnings and revenue and market position and strategies that they implement will implement have implemented and that earnings or the conclusions of the market participants shape generally stock prices along with other factors or course. But how is it that this guy basically brushed me off as a Moron and then went and crashed 95 percent of his 50000 and then still has more cash in reserve I think like 150 k that he's gonna deploy to quickly join the millionaire ranks? He's 27 years old and lives out of his car to save money for what he calls investing and obviously is really speculation. + +Funny part is there was a new employee he was bragging to about how he made 20 dollars to buy his lunch. Only 49980 dollars to go to breakeven but of course he didn't talk about his losses +***Not financial advice.*** + +There is 1 big bullish event no one's talking about. I've posted about it 3 times before, let's go for attempt #4. + +* **TLDR:** GME might join a super massively big Index. The Russel 1000 series of Indexes. +* **TLDR 2:** This could be an anti-catalyst, not sure. Unconfirmed, must wait and see what happens if anything happens at all. Perhaps there could be an initial sell off if we move from one Index to another or other unforeseen price drops for reasons i don't know. + +**NOTICE:** Probably not happening, there's 1 funny requirement for joining the Russel 1000 that GME does not tick the box for. + +Companies with only a small portion of their shares available in the marketplace are not eligible for the Russell indexes. Companies with less than an absolute 5% of shares available will be removed from eligibility. See Section 7: Adjustments to Members’ Shares Outstanding (Float), for details on calculations of available shares. + +LMAO + +# What the hell is the Russel 1000 and why should i give a shit? + +**TLDR:** Tons of non-GME lovers buy GME daily by buying ETF shares. If we join the Russel 1000, this is bullish as fuck. The price will go vroom vroom. + +\----- + +Right now, the biggest index containing GME is the Russel 2000. Yes the 2000, not the 1000. + +Simply by joining this index, because it's a bigger index than the Russel 2000, ETFs that hold GME will have to increase their holdings of GME accordingly and this means buying more GME shares. + +**Well, put simply, the price would start going vroom vroom!** + +&#x200B; + +&#x200B; + +# How big is this Russel 1000 thing? + +**TLDR:** Pictures speak volumes, so i'll just leave this here. Ticker IWC. + +https://preview.redd.it/qjekdww2lox61.png?width=712&format=png&auto=webp&s=6d4acc6a939a19be33b9b28b5eeb776c03272cfd + +I don't know if we'll be leaving one Index to join the other or if we will be in both. + +&#x200B; + +&#x200B; + +# When do they check if GME is eligible to join? + +**TLDR:** Not guaranteed we're 100% joining yet, but we'll know soon. The process starts TODAY (May 7) + +\----- + +**Russel Ranking Day** + +TODAY (May 7) the FTSE Russel people are going to start the process of **ranking** a bunch of stocks out there to figure out which ones should join the Russel 1000 (or get removed from it cause they turned to shit). + +This is called the **Russel Ranking Day.** + +Source and details here: [https://www.ftserussell.com/resources/russell-reconstitution](https://www.ftserussell.com/resources/russell-reconstitution) + +https://preview.redd.it/oeon01ejcnx61.png?width=962&format=png&auto=webp&s=ff325712a067b75b222f7d8a1dc49940ee203efc + +&#x200B; + +# What's going to happen when if we do join + +**TLDR:** Massively bullish. The ETFs who follow the Russel Indexes will have to buy more GME shares so they can offer them to their buyers. BUY = PRICE UP = Happy Ape + +\----- + +The change in the contents of ANY Index is called **"Reconstitution"**. This is because the Index reconstitutes itself, it changes it's contents e.g stocks that it contains, hence the word "**Reconstitution**". + +&#x200B; + +In the last Reconstitution in 2020, **this happened!** + +[Nice](https://preview.redd.it/grjmwk69cnx61.png?width=933&format=png&auto=webp&s=7b87902ee51d7693b08dd673ce80f5217846a473) + +* This doesn't mean you'll see VOLUME = 69.9 Billion (nice) for GME on the day of the **Reconstitution**. +* ~~You are likely to see a big number close or above~~ **~~100 Million~~** ~~(guestimate) as they buy the shares they need for their ETF.~~ + +You know what that means you dirty monkeys. + +[https:\/\/en.wikipedia.org\/wiki\/Jacques\_Tits](https://preview.redd.it/v0kyut45enx61.jpg?width=1280&format=pjpg&auto=webp&s=d8f74fa19854a0978beda790603267e1296dc7c3) + +&#x200B; + +&#x200B; + +# Aight, so when are we joining this Russel 1000 thing? + +**TLDR:** June 25 (Really it's June 28) + +\----- + +The reconstitution finishes on June the 25'th (Friday) + +[https://www.ftserussell.com/resources/russell-reconstitution](https://www.ftserussell.com/resources/russell-reconstitution) + +&#x200B; + +https://preview.redd.it/w0w8266wenx61.png?width=947&format=png&auto=webp&s=9a5c9b41140715097e723e3bef788927bf312d23 + +&#x200B; + +The actual finished and reconstituted Index will be available to trade on the 28'th of June (Monday). We will find out whether we're actually truly joining the Russel 1000 series of Indexes sometime from TODAY until the 25'th of June. + +**So sometime in the next 49 day from today May 7, we'll know whether we're joining.** + +&#x200B; + +&#x200B; + +# How do they decide whether we're good to join? + +**TLDR:** If stock price is high enough = Join + +\----- + +If you're a wrinkly brained bastard with free time, the methodology on how they pick stocks during the Ranking is available here + +[https://research.ftserussell.com/products/downloads/Russell-US-indexes.pdf](https://research.ftserussell.com/products/downloads/Russell-US-indexes.pdf?_ga=2.22793595.1387236641.1620369231-174493700.1617795049) + +&#x200B; + +From what I've read, we're good to join. Have a read as well and **"AKSHUALLY"** me if you think i'm wrong. + +[Kidding tho, do correct me if i'm wrong in something and i'll amend the post.](https://preview.redd.it/l1n21bkfgnx61.png?width=680&format=png&auto=webp&s=92f7f9a0278d9f3cbded903f684bb1a244f81962) + +&#x200B; + +# Try not to ignore important shit like this + +This sub (Some users) is pretty reactionary and disses future looking (speculative) information. I'm here to shit on those users. + +This is important future looking information you need to take in consideration. For you who are totally smoothbrained, don't be disappointed if nothing happens. GME will still moon. + +*"Simple as" - Baz* + +&#x200B; + +The Russel 1000 isn't 1 Index. It's a series of Indexes like Kathy Woods ARK ETFs (but isn't an ETF). Just like she has ARKW, AWKW and so on... the Russel series of ETFs have Russel 1000 Growth, Russel 1000 Value and so on. I don't know which one we might be joining. + +&#x200B; + +More Russel Info + +[https://research.ftserussell.com/products/downloads/Russell-US-indexes.pdf](https://research.ftserussell.com/products/downloads/Russell-US-indexes.pdf) + +&#x200B; + +**Random info** + +* We're not joining the S&P500 anytime soon. They need "the sum of the previous four quarters of earnings must be positive as well as the most recent quarter." [https://www.investopedia.com/articles/investing/090414/sp-500-index-you-need-know.asp](https://www.investopedia.com/articles/investing/090414/sp-500-index-you-need-know.asp) + +&#x200B; + +[\\"Original Content\\"](https://preview.redd.it/otlnmbdjfnx61.png?width=554&format=png&auto=webp&s=a6516c3fcdd2a01b3465ad9371bf83ed9d4aa866) + +**Edit: Corrected ETF/Index wording.** + +**TLDR:** MAYBE WE JOIN BIG INDEX AND GME PRICE GO VROOM VROOM OR MAYBE NOT +I started paper trading and thought that what I was doing was working (looking back at my trades makes me cringe now), so I decided to put $1000 in my account and try it for real. I was on a steady downtrend for the first 2 months (while the general market is on a steady uptrend) and found my account balance to be below $850. I had to take a break at this point and had serious thoughts about giving up. I thought I wasn't cut out to be a trader; I must be a part of the 95% who fail. I decided to give it one more shot. I took a deep analytical dive into my past trades. I reevaluated my strategy, and found what was working and what wasn't. I slowly started seeing results. I clawed my way back to the original $1000 investment and today have officially hit the $100 profit mark. + +If anyone is still reading this, I know what you're thinking: "Wow, 100 bucks, big deal," and you're right. It's not much. However, If an average guy like myself can battle back and grow his account 10% (+30% in two months), I strongly believe that anyone can; with enough dedication. I'd be happy to talk more about my journey to anyone who's interested or just starting out. + +Edit: Thank you all for your comments! I’ve been reading almost every one! I knew a lot of people would say that based on my story, trading probably isn't for me, you have a very valid reason for saying so, and you could still be right. I've heard that everyone's trading journey is different, and I'm hoping my journey can continue for much longer. Instead of thinking about how I've only made 10% in 8 months in one of the strongest bull runs, I like to think that I've gone from $850 to $1100 (30% gain) while the SPY has gone up 8% in the past two months. I hope these type of gains can continue, but time will tell. Even if I can't continue these gains, I've really enjoyed the learning process and think that the knowledge I've gained is beneficial and worth the time to me. + +Also, I am only trading with money I can afford to lose. I have the majority of my money in mutual funds that I don't plan on touching for a long time +> Last month, Amazon filed a motion asking the court to pause Microsoft's work on the $10 billion cloud contract. + +> The Joint Enterprise Defense Infrastructure, or JEDI, cloud contract was awarded to Microsoft last October. + +> Last November, Amazon indicated it would protest the Pentagon's decision. The company claims the evaluation process contained "unmistakable bias" and has since asked the court for permission to depose President Donald Trump, Defense Secretary Mark Esper and former Defense Secretary James Mattis. + +https://www.cnbc.com/2020/02/13/amazon-gets-restraining-order-to-block-microsoft-work-on-pentagon-jedi.html + +What are your guys’ thoughts on this? + +EDIT: title of the article was changed after I uploaded it to “Judge temporarily blocks Microsoft Pentagon cloud contract after Amazon suit”. +Hi, + +I have been in crypto since 2016 and made a lot of money. + +Recently I sold enough to buy a house for cash (house is £440k). I did tell them where the money came from at the beginning. + +The buying process has been going smoothly BUT now suddenly conveyancer said that 'the partner of the firm has advised on your file that proof of funds by way of Bitcoin is not acceptable under the governing body and anti-money laundering policies'. + +Anyone has any experience with that? I did send them my Coinbase history showing me buying Bitcoin and Ethereum for really low prices and explained that my initial £13k ballooned into 7 figures but communication with them is not going well. I am not sure how else to explain it to them. + +Any help appreciated. +Holy fuck guys hold on because shit is about to get real weird. And I don't know if this will change anything but it proves we are playing a bigger game than we all expected. I [touched on last night how I thought the banks were actually the ones pulling the strings in all this](https://www.reddit.com/r/Superstonk/comments/mqca35/its_just_a_bug_bro_part_2_loopholes_edition/). Loaning on ridiculous margins, holding our shares in street name (ie registered with GME in their name but our name on their books), and, as turns out, routing orders in their best interest (IEX is starting to sound pretty awesome). + +**Our Boy Ken** + +Someone posted a pic the other day of Kenny G. in High School and how their mom went to school with him when he was on the math team. This proves to be a lot more important I think than any of us thought. Our boy Kenny, as a Hedgie Manager and mathlete, probably is A LOT more successful than we all think. + +&#x200B; + +https://preview.redd.it/fxts65spg8t61.png?width=357&format=png&auto=webp&s=e627912d985fa2108708d76920991cc660237055 + +Yeah, that one. So I got to thinking, what has Kenneth C Griffin accomplished outside of running a massive hedge fund? Well, here we go to Patent Town (not as fun as tendie town). Outside of duckduck and oggole, his name is tucked away on several patent docs that explain the markets WAYYYY better than anything any of us have read in DD. + +&#x200B; + +https://preview.redd.it/g09spa4te8t61.png?width=1714&format=png&auto=webp&s=f3176cb0a3ef622ae3d9e68319c36ee863723308 + +I guess this kind of makes sense. The guy is probably a math genius, and it would make sense he has developed some decent equations and ideas around the market. But it goes deeper. In particular, the first patent (7587347), then it just gets crazy aligned with how GME is behaving. + +**Citidel's & Ken's First Baby** + +**Computer implemented and/or assisted methods and systems for detecting, tracking and responding to toxic, or likely toxic, orders in an equities order flow using toxicity and/or profit analyzers** + +**ABSTRACT** + +**"Methods and systems are provided which enable equities broker-dealers to execute an equity trade order while simultaneously eliminating (or at least reducing) exposure to the negative consequences associated with toxic (or likely toxic) orders in the equities market. By using toxicity and/or profit analyzers, for example, to detect, track and respond to the level of toxic (or likely toxic) orders present in an equities order flow, a broker dealer can reduce the level of risk inherent in serving as counter-party to order flows, such as anonymous equities order flows. Various alternative embodiments are also disclosed."** + +In the most basic description of this patent, the software inherently recognizes, parses and rejects what are considered "toxic" trades. It seems a toxic trade is nothing more than a trade listed too far above or below the consolidated market price. Now, the information that they use to describe how it works makes more sense than anything else we have seen in market data. For one, did you know NASDAQ stands for "**National Association of Securities Dealers Automated Quotation system**"? Me either. Turns out, my first DD wasn't wrong when I said [Yahoo and NASDAQ were probably the best for accurate, free data](https://www.reddit.com/r/Superstonk/comments/mlqedv/its_just_a_bug_bro/). + +Now, we have all seen over the last couple days that High Frequency Trading seems to be driving the price down on GME. Well guess what pops up in this document as well? Trade routing. Yeah, the kind of trade routing that you would want to have done for, oh I dont know, fast, special price movements? Kind of beating the price down through routing the trades exactly how you want to? + +Well, it makes it even more interesting that they go out of their way to describe professional traders taking advantage of insider information, and how retail individual investors trade purely speculatively. I mean, if you were trying to consolidate power through several different arms, why wouldnt you? Here is a fun line: + +**"In many instances, a consolidating broker-dealer does not know the identity of the investor who submitted the order to which it will serve as counter-party. Thus, a consolidating broker-dealer that accepts equity orders (e.g., internalizes, executes and/or otherwise commits to the execution of the orders) from an OFP may be exposed to significant financial risk due to, in at least one embodiment, the anonymous nature of orders within that order flow. For example, as explained above, professional traders may seek to take advantage of the consolidating broker dealer by trading on information affecting future price movements which is not available to the general investing public (or to the broker-dealer). In such instances, these professional traders may send toxic (or likely toxic) orders to a potentially naive broker-dealer that may consequently acquire net trading losses from serving as a counter-party for these orders."** + +Basically, a broker dealer might experience losses if traders take advantage of fluctuating prices? SERIOUSLY?! Personally, I might experience a loss if a broker-dealer (Citadel) their wholesaler (probably Citadel subsidiary or their FUCKING BANK) decided to allow these HFTs to go through to market. + +Here's on of the first pics to describe the flow: + +&#x200B; + +https://preview.redd.it/offwgo48n8t61.png?width=964&format=png&auto=webp&s=427b8114abefed6bf593cffb58e08cf8221c18d1 + +Oh, and here is how they get away with routing some after hours: + +**"It is common for one or more market-makers on a given market to be provided significant responsibilities, including overseeing the opening, providing continuous quotations in all of their assigned securities, and handling customer orders that are not automatically executed in connection with that exchange. In the case of the U.S. equities and options exchanges, these market-makers, which are responsible for maintaining fair and orderly markets, are generally termed "specialists." Depending on the particular exchange, the "specialist" may be referred to as, for example, a designated primary market-maker (DPM), lead market-maker (LMM), or primary market-maker (PMM), etc. Other market-makers in the crowd on an exchange floor, if any, are referred to as "floor market-makers." For U.S. listed equities (e.g., stocks listed on the American Stock Exchange (AMEX) or the New York Stock Exchange (NYSE)), there are also firms that make markets off the exchange floor, and these firms are known as "over-the-counter" (OTC) market-makers or third market-makers."** + +And here is how they flow some to hide it: + +[ FIG. 2 is a simplified illustration of another example of an order flow in the U.S. equities market, in which an order placed by an investor is internalized by a broker-dealer; ](https://preview.redd.it/5od3gf1qn8t61.png?width=948&format=png&auto=webp&s=8d24f0113a4c789bd71074d6a81bf488cda8092d) + +They can basically buy their same shares OVER AND OVER AND OVER again, through their own wholesaler. We hit the nail on the head again when we said they are routing market sells through their favored markets, and buy orders through their own wholesaler. That's why the HFTs are going lower, and they are probably net positive rebuying the shares at a lower price. Haha fuck. + +But this can't go on forever. It seems to be resetting their risk and probability. Because of course, Ken et al. decided to create their own data platform to communicate between EVERYONE THEY DEAL WITH. + +**KENNYS LEGACY??** + +**Method and system for measuring exposure of an investment fund to an issuer of financial assets** + +I can't decipher this as well other than it is a way for the web of Citadels broker-dealers, banks, wholesalers, markets, etc. to communicate risk, margin, price, everything. They can change what they want with the numbers to kick the can down the road. I am guessing, when "they" (whoever is pulling the strings) cut off Buying on RH and everywhere else, and the price tanked at almost $350 a little while ago, our boy Kenny realized that when they input the price at $350, they were getting fucking margined (maybe, this is speculation at this point). + +But again, I think I have combed through these and things are pretty fucked. It almost looks like Ken had created a lot of this to actually benefit retail traders. Apart from the HF bottom line, he was down to build something that stopped professional traders from hurting the system. But it almost seems like since he wrote the fucking book, he (or the lawyers and rightful investors in citadel) took that away and made the system work in his advantage. + +Buy and fucking Hold (just an opinion), because every share we remove and lock away in our own broker is less they can fuck with. + +Obviously not financial, legal or software advice. And I can only hope a few more people read this. + +TL;DR: Honestly, fucking read it. But because you're a lazy fuck, Ken and Citadel created the financial structure to stop "toxic" trading, and ended up using it to their advantage it seems. And he might not even be pulling the strings. + +[http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&u=%2Fnetahtml%2FPTO%2Fsearch-adv.htm&r=0&p=1&f=S&l=50&Query=Griffin-Kenneth-C&d=PTXT](http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&u=%2Fnetahtml%2FPTO%2Fsearch-adv.htm&r=0&p=1&f=S&l=50&Query=Griffin-Kenneth-C&d=PTXT) +**Current Market Cap**: $8,927,540 Marketcap (15/04/21 6:00 PM - Now rapidly rising) + +Hello r/CryptoMoonShots, we’re back with big news to talk about Fox Finance $FOX 🦊🦊🦊! + +**What is it?** + +$FOX finance is an auto-staking token on the Binance Smart Chain, which grants rewards for its holders. Each transaction (buy and sell) incurs a 12% transaction tax from which 6% goes to liquidity and 6% distributed to holders according to their stake. + +Liquidity is locked on a daily basis rolling for 4 years. + +1T daily burn for the first 50 days. Additional regular burn of liquidity to try and keep as close as possible to 10% circulating supply. The burn address is also a "HODLer" so it gets a share of the 6% tax based on its stake which is currently about 4% - but this will grow exponentially.Check the burn wallet on BSC scan: [FOX (FOX) Token Tracker | BscScan](https://bscscan.com/token/0xFAd8E46123D7b4e77496491769C167FF894d2ACB?a=0x0000000000000000000000000000000000000001) + +We are really starting to notice the momentum now, and the number of FOX wallets and numbers participating with our social media has really started to take off. We moved RAPIDLY from 10k to almost 20k HODLers expected today! + +On April 5th, we hosted an AMA ("Ask me anything") on our Discord where our great leader and founder L1sak revealed his public identity and told us to expect FOX FINANCE to be granted LLC public entity status within days! After becoming increasingly disenfranchised with the current state of the cryptocurrency culture and with BSC in particular, his vision is to legitimize the space and offer holders a project that is legal, trusted, open and offering lucrative investment opportunity whilst also giving back to the environment and the natural world. + +We’ve minted >40 NFTs on Binance Smart Chain so far on our own FOXNFT contract, and will be doing more and more in the coming weeks as we build up our NFT market and platform. We’ve teamed up with 3D and AI artists to really make a huge mark in the NFT space, and for our Trustless Donation Pipeline. [Check out the ones distributed today here](https://imgur.com/a/sIuFdRm)! + +Our model incorporates a constant flow of "FOX IN ACTION" campaigns on our website foxfinance.io. Wallet-drop prizes are awarded for all holders who perform certain tasks like charitable giving, planting trees or using metal straws instead of one-use plastic. Our founder hopes in the medium-longer term to streamline these campaigns and integrate them into iOS and android App development to make this more accessible for the general public. #foxinaction + +We have recently become integrated with Trust Wallet (logo showing) and you can add integration with Metamask by visiting https://foxfinancebsc.github.io/watch-token/ + +With today’s announcements, we have CG and CMC locked and are moving forward quickly toward whitelist on 1Inch, the leading DEX Aggregator! This is an exciting step toward further legitimacy and to offer a reliable alternative to PancakeSwap for buying and selling FOX with innovative tools. + +I'm a HOLDer since the start and have volunteered as an admin and dev, which I have to say has been a pleasure and it's one of the most buzzy and active communities I have had the pleasure of joining. + +We are pairing up with influencers and content providers (with thorough no-bot screening) from all over the world and expect a constant stream of marketing via Twitter, TikTok, Youtube and Google Ads alongside other exciting possibilities we are not ready to announce yet. + +**SAFE?** + +Liquidity is locked: https://deeplock.io/lock/0x3027AD7781700A03496613377152dBa78C38fa55 + +This is no pump and dump. The owner did not take advantage of the ATH, and the admins are all HODLing with everyone else. We really want to see this coin grow and to fund our tech roadmap to make this a real project for change. + +**ROADMAP PLANS** 📈 + +Here’s what’s on the horizon: + +NFTs - We have two different types of NFTs. One is a standard, mass-minted NFT that we hope to use for HODLers, airdrops etc. These have launched and are already being offered to FOX contest winners via our social media campaigns. These include fun things like FOX graphics and GIFs. The other type of NFT we want to start pushing very soon are more unique and include things like 3D printable FOX content, AI art, and more collectible style FOX merchandise. I'm really excited about this one! + +Charity Matching and Escrow - This is important to us. It’s how we plan to get money to the organizations that need it for our mission. We’re working on escrow contracts and other possibilities for collecting FOX donations, possibly with matched by liquidity from NFT auctions. We are working with our legal team to get this approved and in place as soon as possible. These donations will go directly to charitable wildlife and environmental organizations, possibly through The Giving Block, a crypto donation provider. We have several community members who have already donated to WildlifeAidUK, World Wildlife Fund and Saveafox. Our ultimate goal here is a Trustless Donation Pipeline, funneling automated sales of digital merchandise as NFTs through to wildlife charities with full transparency and no human intervention. + +Admin Dashboard - Right now things like Airdrops and prize disbursements aren't easy on BSC. It's mostly done manually with wallet to wallet transfers or interactions through the contract done by someone with credentials. The goal here is for us to have a dApp that combines contracts and web3 code to make it easy to do mass airdrops, awards, NFTs, etc. + +**Website: FOXFINANCE. IO** + +Contract address: 0xFAd8E46123D7b4e77496491769C167FF894d2ACB + +Telegram: https://t.me/foxfinancebsc (>6000 members!) + +Twitter: https://twitter.com/foxfinancebsc #FOXINACTION + +Discord: https://discord.gg/9XZNnTnhqp + +bscscan: https://bscscan.com/token/0xfad8e46123d7b4e77496491769c167ff894d2acb#balances + +How to Buy: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xfad8e46123d7b4e77496491769c167ff894d2acb (slippage 12-15%) + +Chart: [BogCharts](https://charts.bogged.finance/?token=0xfad8e46123d7b4e77496491769c167ff894d2acb) + +**DYOR** - this project was only released on March 16th and remains in an early stage of development. We have an organized and dedicated team working to consistently deliver on our roadmap promises, but it would be reasonable to expect higher market volatility at this early stage. We have built a large level of ground-level support, legitimacy and technical roadmap completion BEFORE listing and we hope that today's recognition will be an explosive force multiplier for FOX value growth! We have listened to the community regarding requests for an audit to be completed, and this is currently one of our top priorities - we will announce further news on this in telegram and discord. Please be aware that there are other tokens with a similar name listed - please be sure to use the correct contract address or direct link above. + The post is largely dependent on graphs so I **strongly** suggest you check out this non-paywalled medium link\*\*:\*\* + +[https://medium.datadriveninvestor.com/esg-investing-is-a-billion-dollar-sham-industry-cf8649189718?sk=134553072486ce56e7be475f03ea212e](https://medium.datadriveninvestor.com/esg-investing-is-a-billion-dollar-sham-industry-cf8649189718?sk=134553072486ce56e7be475f03ea212e) + +The most relevant bits are : + +ESG RATINGS: + +>Sustainalytics gives Tesla an ESG score of 28.6. It’s ranked 42 out of 83 in the automobiles sector, being beaten by the likes of Mercedes-Benz at 22.1 (lower being better). +Why is this? +[This article](https://www.grcworldforums.com/news-and-insight/teslas-low-esg-score-can-partly-be-explained-by-figure-skating/4101.article) published in February 2022 by the GRC World Forum suggests that the reason for the low ESG score is due to Elon Musk, or more accurately — the analysts opinions of Elon. +The author notes: +*For transparency, labor relations, adherence to governance, for example, having a CEO who doesn’t send out random tweets, Tesla scores poorly* +*\[Tesla’s 2019 impact statement\] “was not exactly a statement that endeared Tesla to those who create ESG scores”* +Musk is correct about the oil companies here, two oil companies ([OMV AG: 27.4](https://www.sustainalytics.com/esg-rating/omv-ag/1008289354) and [Repsol: 26.4](https://www.sustainalytics.com/esg-rating/repsol-s-a/1008201748)) both have better scores than Tesla. +The key problem here is that E,S and G are all weighted equally, while not close to being equal in practice. E can be quantified, while S and G are entirely subjective. The equal weighting of each metric means that companies outstanding in one area are beaten out by seemingly much worse companies overall because of the other two dimensions. +The scores also don’t account for the wider impact that a company might have had, for example Tesla isn’t given get credit for helping to push other automakers towards EV’s. Regardless of how you feel about Tesla or Musk, it’s undeniable that had tesla not proved profitably and consumer demand, the EV market would not be as developed as it is today. +This is most egregiously demonstrated by the fact that T[esla has been dropped from the S&P 500 ESG Index](https://www.cnbc.com/2022/05/18/why-tesla-was-kicked-out-of-the-sp-500s-esg-index.html) for concerns about their working environment after being sued in a racial discrimination lawsuit. +You might agree that this is the correct course of action, if so, you will also likely agree that Amazon should be dropped after being sued for telling it’s employees to work through a severe weather warning, [resulting in six of them being killed after the building was hit by a tornado](https://ca.movies.yahoo.com/amazon-sued-by-family-of-employee-killed-in-warehouse-tornado-collapse-085656743.html), yet amazon remains the funds third largest holding. +You might also disagree that Nestle, a company that was sued earlier in the year for [profiting from child slavery](https://www.washingtonpost.com/graphics/2019/business/hershey-nestle-mars-chocolate-child-labor-west-africa/) be given a 4.9 rating by FTSERussel and subsequently included in the [FTSE4Good Index](https://www.nestle.com/ask-nestle/health-nutrition/answers/what-is-ftse4good) +[This study from MIT Sloan](https://www.prnewswire.com/news-releases/new-mit-sloan-study-discovers-widespread-and-repeated-retroactive-changes-to-esg-scores-301576360.html) shows that there are “widespread and repeated” retroactive changes to ESG scores by ESG ratings agencies in order to establish this relationship. +*He explains that the data for any specific point in time should remain the same for a firm unless there is a documented reason for a retroactive change. However, their study revealed significant unannounced and unexplained changes to the data provided by* [*Refinitive ESG*](https://c212.net/c/link/?t=0&l=en&o=3579819-1&h=2880314828&u=https%3A%2F%2Fwww.refinitiv.com%2Fen%2Ffinancial-data%2Fcompany-data%2Fesg-data&a=Refinitive+ESG)*, which was previously owned by Thomson Reuters. For example, looking at two versions of the same Refinitive ESG data for identical firm years — one from September 2018 and the other from September 2020 — the median overall scores in the rewritten data were 18% lower than in the initial data.* +*He notes that the data rewriting occurs on an ongoing basis without any public announcements. To show this, the researchers compared ESG scores from February 9 and March 23, 2021 — just six weeks apart — and found that 85% of firms’ scores changed. While the score changes were mostly small in magnitude, the ongoing retroactive changes affected the classification of firms and the link between ESG scores and returns.* +*Using predictive regressions, they showed that investing in firms with higher ESG scores in the initial data would not have led to economically or statistically significant performance gains. Yet, in the rewritten data, they found economically large, statistically significant positive effects of the E&S score on the firm’s future stock returns. These large differences matter because this performance would not have been possible with the data available to investors when forming their investment strategies.* + +ESG FUNDS: + +>*Sector exposures across the funds revealed that information technology was the largest allocation in most funds, and an almost zero allocation in energy. This was one of the key drivers behind the shorter-term recent outperformance of ESG funds relative to their non-ESG counterparts, as tech stocks rallied in 2020 whilst energy declined.* +So the overperformance of ESG funds compared to a wide index was because they are tech heavy. +*Google was the most commonly held stock across most funds; Alphabet Inc. was in 12 funds, with an average weight of 1.9% . The companies with the highest average weight across the funds were Apple (5.6%) and Microsoft (5.0%)* +So ESG funds are basically investing in the same things that most other funds do: Tech (FAANG) and industrials, with very little, if any allocation towards energy. This is permissible by their rules because all of these companies have good ESG scores. Afterall their CEO’s don’t tweet. +> +>The easy accessibility of financial knowledge on the internet has allowed retail investors to learn that [actively managed funds mostly underperform passive index funds.](https://www.cnbc.com/2022/03/27/new-report-finds-almost-80percent-of-active-fund-managers-are-falling-behind.html) +[Prevailing wisdom for the last decade has been for investors to consistently buy the index.](https://www.silverlightinvest.com/blog/why-warren-buffett-making-argument-passive-investing) +The has meant the last decade has seen a steady increase in capital away from actively managed funds and into passive index funds and ETF’s: +The assets of equity index funds surpassed [actively managed funds in 2019](https://www.thinkadvisor.com/2019/09/20/passive-overtakes-active-in-us-stock-fund-assets-morningstar/). +[Largely driven by younger (millennial and gen z) investors](https://www.crowdfundinsider.com/2019/12/154901-millennials-are-increasingly-investing-in-exchange-traded-funds-and-cash-compared-to-all-other-generations-charles-schwabs-report-reveals/), who don’t want to pay fees for below market returns. +The prospects for fund managers being able to attract young investors were not looking particularly positive until they found a new target: +The Socially Conscious Investor. +ESG funds are largely investing in the same ways that ‘standard’ funds do. This is allowed because the structuring of the ESG metric and the altering of data by ESG ratings agencies means that fund managers are able to invest in whatever they would like. +If the ESG rating of one provider doesn’t allow them to invest in the way they would like — they can simply choose another that does. +> +>The entire point of third party ratings is that the average investor doesn't have to concern themselves with it. The judgments are abstracted away from them. +Which is probably why most of the money flowing into ESG is going into active funds: +> +>Actively managed funds, and their fund managers salaries were being threatened by younger, savvy investors that might have otherwise invested into a passive index funds. +These funds have figured out a way to not only bring younger investors on board, but also charge an [average 43% higher fee for ESG funds than for regular funds.](https://www.wsj.com/articles/tidal-wave-of-esg-funds-brings-profit-to-wall-street-11615887004) It would be a very impressive feat of marketing if it wasn’t so deceptive. +I’m an ethically-minded millennial investor. Instead of investing in an ESG fund I'm going with the optimal investment method of consistently buying into a passive index and then donating a portion of my gains to charity. +I’ll do more good for the world and I'll keep my money out of the hands of scammers and thieves. +The "price" of eth isn't changing as rapidly as many these posts seem to imply. When a large dip happens or a large rise happens very quickly, it's a result of a lack of liquidity in the market. If someone (or in reality many people), want to sell a large amount of ethereum they start to eat through the limit buy orders on the book. Once market sell orders overwhelm limit buy orders, the price starts to drop rapidly. The same thing happens in reverse. This is not "manipulation". That's not how markets work. It's a fundamental supply and demand equilibrium. It drops quickly or rises quickly due to a lack of liquidity at the current price. + +The most "manipulation" that can happen is that someone sells a lot of eth quickly to drop the price., hoping that others will panic sell, and that market makers will come in at the new low price so they can rebuy. People do this, but it's extremely risky if that's your actual strategy. What if you unload 20k eth, dropping the price a lot, and some other whale comes in while you're doing this and rebuys? Then the price is suddenly a lot higher than a good chunk of your sells. + +Relax. This is crypto, it's going to be volatile. + +**First of all:** + +I’m fully aware that this post is going to irritate some of my Bitcoin homies, but luckily I’m in r/ethtrader ! Either way, please give this a proper read and give us some tidy counter arguments rather than downvoting because you hope I’m wrong! 🤷🏻‍♂️ + +**Let’s get into it** + +To understand how the old financial establishment thinks about Bitcoin we’ve got to examine the concept: + +“*What you already know is the key to learning new things*” + +This is true for the young and old, educated or not. New ideas are always best understood if they can be related to something that we fully understand. + +**Bitcoin cannot be directly related to anything which existed before.** + +A Hedge-fund Grandpa CEO would still say “It’s all Greek to me” even if every intricacy of Bitcoin was explained to them. + +Think of Warren Buffet Et Al: They invest in what they understand, and something which is inherently productive, and useful so it will always be needed. Convincing a man like buffet that Bitcoin is inherently useful is impossible because it just isn’t. Some might say it doesn’t matter what an old man thinks, given his influence we must consider it. + +“**But Bitcoin is like digital gold!**” I can hear being shouted over the thunderstorm of downvotes.! + +Let’s examine the Bitcoin is digital gold idea: + +It is scarce: ✅ +It is expensive to mine ✅ +is relatively easy to store ✅ +It has a range of uses other than as a store of value 🚫 + +If Bitcoin could be used in dentistry, medicine, electronics, computers and Jewellery, as gold is, then the financial establishment would taking it extremely seriously and not just investing to “join the profit train” or for a flashy headline. + +The most successful digital store of value in the future will be the one which shares more characteristics of Gold. Because this makes it easier for traditional investors to understand and trust. + +This cryptocurrency will require its primary or secondary use to be *inherently* productive. + +The financial establishment is just beginning getting to grips with this. One they fully recognise the value of a decentralised application running smart contracts on a cryptocurrency, they will have found their true digital gold: + +**Primarily useful**, but scarce and easy to store. Therefore the perfect store of value. The closest we have to this currently is actually **ETHEREUM** *The closest thing to a digital gold* + +Bitcoin will begin to struggle because it lacks this ever expanding ability to be useful. It can’t even be efficiently used as a payments system like bitcoin cash. + +We have a seriously finite amount computer power globally. There’s no place for an otherwise useless, energy inefficient digital store of value in the long term. Let’s see where we’re at in 10 years time. +I have always used a maestro card. Today I received a v-pay card. I know it's backed by visa but I have never actually seen the v pay logo in the Netherlands. Most shops just display maestro available. I dont recall seeing a vpay logo outside of netherlands as well. + +I am considering replacing it but it takes a week. I can start a procedure to get it replaced by my bank but it would take another week. + +What do you guys think? +In an effort to stop the inflow of noob questions, I made a YouTube [playlist](https://youtube.com/playlist?list=PLc16maowxl-XkZZYbXfNspdVAX5w9QHv8) that should do a pretty good job at explaining what options are, and how to trade them effectively. I tried to keep the playlist in order, so you can just binge them if you're determined. This isn't meant to be some super in depth playlist about the Black Scholes model or any of that 200 IQ shit. These are answers to most of your basic options questions. I probably missed a few videos, but I'll update the playlist as I learn. + +Edit: Thank you all for the awards! Let’s make it a good year + +Edit 2: STOP UPVOTING. We hit 690 upvotes and that’s my greatest Reddit achievement +As much as I'd love all these signals to be FUD, the truth is, it's not. Even the Crypto market dipping for the two months is largely due to the stock market trending down along with energy prices all over the world. People can say what they want, but the FED has printed way too much money over the past 18 months. You cannot raise the supply of the USD by 50% and expect no consequences. + +# Buffet's Indicator + +[Buffet Indicator: Anything Above 140&#37; is \\"Extreme Danger\\"](https://preview.redd.it/mkv4hafidxa81.png?width=960&format=png&auto=webp&s=b09588b880001358c44f70991913369704c3e1f5) + +The way the stock market is booming right now is nothing less than abnormal. The S&P500 alone is **100%** higher than what it was in March 2020 while actual productivity has shrunk with people leaving jobs faster than ever. Moreover, the housing market booming makes zero sense. Houses continue to skyrocket in value faster than the already high inflation rate can keep up. + +Companies are also being overvalued by hundreds of times if you compare their profits to the stock market. If you look at Tesla, it is often the most used example of an overvalued company, and even then it pales to some of the most overvalued companies in the market right now. + +# Prof. Dr. Robert Shiller's Bubble Checklist Made in 2010. + +*1. Sharp increases in the price of an asset like real estate or shares* **☑** + +*2. Great public excitement about said increases* **☑** + +*3. An accompanying media frenzy* **☑** + +*4. Stories of people earning much money, causing envy among people who are not* **☑** + +*5. Growing interest in asset class among the general public* **☑** + +*6. ”New era” theories to justify unprecedented price increases* **☑** + +*7. A decline in lending standards* **☑** + +# The Illusion of Prosperity + +Every hyperinflationary event is always followed by a fake illusion of prosperity. We've seen this happen with the Weimar Republic, Venezuela, Zimbabwe and Lebanon. For example, in the months following hyperinflation in the Weimar Republic, people were becoming wealthier in the millions despite coming out of a war just months earlier. The market was doing so good that it was called the "Golden Twenties" in Germany. + +However, as the hyperinflation got closer, "The citizenry saw prices going up due to shortages — and as more currency was produced to pay ever-rising union wages — buying activity became a frenzy." This is very similar to the worker, logistics and countless other shortages we are facing today, this is not normal. + +The interest rates of 0.25% by the Fed are also another indication of money supply being overstretched. The interest rates have been kept artificially low for way too long. Any country that has kept interest rates this low has always faced some kind of crash or economic crisis. The US can only do so for so long. + +# Be Prepared + +Recessions **are the inevitable result of the business cycle in a capitalist economy,** never believe people that say "this time is different," and be prepared if things go south. Moreover, something even worse than all these indications is the debt level growing right before our eyes which is nearly $30 Trillion and growing exponentially. Moreover, the Nasdaq is already 8% down from it's ATH, while the S&P500 is 4% down. Maybe the crash comes in a few months or even years. + +The best thing you can do right now to protect yourself is to keep an emergency fund that can act as a hedge in the case of hyperinflation or a sudden crash such as Gold or staked Crypto. Always be prepared for the worst because the current state of the economy is eerily similar to what has happened in the past right before a major economic crash. +For 2023 I plan to start contributing using the backdoor method because of income limits. If I contribute the max $6500 to the traditional IRA then convert it to the Roth paying income tax, let's say 10%. I would have only deposited $5850 into the Roth. How can I reach the max contribution limit of $6500 into the Roth IRA? + +TLDR; how do I get the max $6500 allowed into the Roth IRA via the backdoor method after converting and paying income tax? + + +Update: I understand I was missing a key part which was that this Traditional IRA would be funded with after-tax dollars. So all $6500 can get transferred to the Roth without any additional taxes or changes. +So, not proud of where I am, but it is time to fix it. I do not want to spend my 30's fixing my terrible decisions I made in my 20's + +So I grew up pretty poor, having money meant to spend it, single mother on K-Mart pay trying to spoil the children didn't help or guide me to the right path when it comes to money management (love ya ma). I've never learned about budgeting, or bills or credit, its french to me but I am trying to learn. + +&#x200B; + +I currently make $57,000 a year on salary, being paid bi-monthly after taxes, 401k, its roughly $1600 in my bank account every 2 weeks. I just accepted a promotion making $72,000 year and have come to the conclusion that I'll have to live in my car because I can't find a person to rent to me with my credit so low. I know this will be a slow up hill battle but I am ready to face it. + +&#x200B; + +***\*Nitty Gritty\**** + +**Collections:** + +$7,868 in Medical Bills (I had strep throat and pneumonia, at the same time, would not recommend) + +$4,011 in owed rent (Leasing company never sent invoice to my company for reimbursement for move, never had anything in writing from the leasing company stating they would so I am responsible for the debt) + +$252 Unpaid gas bill + +$11,000 My car was repossessed as I was trying to balance rent from the place above, and my current apartment and I ended up defaulting on the loan after two missed payments + +&#x200B; + +**Credit Cards/Lines of credit:** + +None + +**Bills:** + +$120 Insurance + +$55 Phone Bill + +$50 Gym + +$950 Rent + +$140 per check to 401k + +$20 Internet + +$200-300 on eating out/drinks + +$100 Groceries + +&#x200B; + +CreditKarma states that my credit score would jump to 503 if I opened a credit card with a 200$ deposit, how accurate is that? Can I trust them, I hear the ads on the radios. + +&#x200B; + +I know I've been stupid and irresponsible but I would really appreciate any help or tips you guys have. Looking at my check vs bills I have no idea where my money goes, which is kinda scary when I think about it, I am determined to do what it takes to resolve this, I just need a bit of guidance. +So recently graduated from undergrad and I landed a job that is double what Ive ever made and a lot more than what most of the people I know make. I feel a sense of guilt because I'm scared if they found out then they wouldnt like me me anymore. this is really hard to deal with. + +additionally where I live, I could buy a house in a few years out right. so the question is, what do I do? how do people live on this much extra income? do I pay things out right? say a years worth of internet all at once or build up and put everything on autopay. + +and how do I approach this with my partner? (only want to hear from someone that has been through this on this part) + +Edit: Im planning on staying at my current residence and car as long as possible. +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. +I want to know this from psychology point of view. I get inward remittance on recurring basis. + +Usually, when I the fund is dispatched, the rates are good but bank takes 2-3 days to credit the fund. The day it's credited, the rates are down. + +I feel pretty bad seeing 2-3K INR loss because of Bank's unworthiness! + +While it's also true that I can get 2-3K worth of extra money if the rates are up at the time of credit. + +How do you guys who receive inward remittance deal with this? + +I think it's more of psychology issue that I see it as a loss of few thousands when in actual the things/rates are not in my control! +Remember Burry said in the Big Short that markers you’re in a speculative bubble are increased incidence of fraud and increasing complexity in financial instruments. Two checks there for anybody paying the slightest bit of attention to GME. I’d also add the obvious that in a bubble prices run far away from true valuations. + +Futures green despite no new debt ceiling, no extensions on eviction moratoriums for renters, reverse repo over 1 trillion, new covid variants, noticeable inflation, grocery stores with empty shelves, and many other ominous markers is exactly what we should expect when we remember that Wall Street is fraudulent. It’s a proof we’re getting closer to the end not further away from it. They can’t stop the inevitable only delay it while the big players work to get their ducks in a row as best they can. +Im switching some stuff over from Coinbase to Gemini and just got this message from their system when trying to create a deposit address - "**We are verifying your identity and will be in touch shortly. Gemini is currently experiencing extremely high application volume and there may be delays as the compliance team completes the review of your application.**" +(Would love to see a prior discussion thread about this too if it's been posted) + +Let's say you hit $10M, in theory you could just leave it in a bank account and live off $200k/year for the next 50 years of your life (ignoring inflation here). + +The alternative on the opposite end is to place it into the market, live off just the gains/dividends earned every year but you never dip below your $10M. + +In calculating your withdrawal rates or goal numbers, what do you see your net worth as on the day you hit it vs the day you die? +*****Edited to add, thank you everyone for the awesome and thoughtful suggestions! Wow, really stoked to do more research. + +As the post title suggests, I’m looking for recommendations of cities or small towns within 1 hour or 1.5 hours of a medium or large city out west to purchase ~1000+ acres of undeveloped land in Montana, Colorado, Wyoming or Utah. + +Eventually we’d like to build on said property and keep the rest of it as an undisturbed wildlife refuge + +**Admins please delete if not allowed, I originally thought about posting in r/fattravel but this is more investment/purchase related. + +TIA +I really hate how when your poor you can't justifiably have a casual hobby without turning it into some kind of side hustle. If you decide to start learning a new hobby it's viewed as a waste of money. Especially if your not good at it right away. On the other hand if you are relatively good at a hobby then there is this pressure to turn it into a way to make money. I just want to paint because it's fun and enjoyable for me. I'm glad my family and friends think its good enough to sell but I shouldn't be shamed if I opt not to. If your poor and have a hobby and not getting financial gain from it then it's somehow the hobbys fault that your still poor. Enjoying a hobby shouldn't be an experience reserved only for people with money. +Hey Reddit, + +I am a investor like you and I have built a market research tool for the investors. Here you can see all the past annual results, quarterly results, income statements, balance sheets of all the public companies in India. + +⚡ View annual and quarterly results + +📊 View graphs by just one click + +🔍 UI designed for investors + +🤑 Free + +🚫 No Ads + +Here's a link to the website 👉 https://inclist.co + +I wanted to build this thing for a long time because earlier I used to manually enter the data from annual reports to excel sheets and then analysed the companies. But it was very time consuming and difficult to maintain excel sheets of different companies. + +So for past few months, I have spent all my time automating the whole process. And I am sharing it with you for completely free. + +I have designed a UI, which makes it as easy as possible to read financial statements. 📄 + +You can also generate graphs 📈 for different parameters like EPS, net profit etc. + +inclist.co + +Hey everyone! Pretty stoked on this, but I didn't know who to share it with. I enjoy reading the personal stories that get posted here, so I figured I would share mine as it seems a little different approach when compared the majority on here. + +&#x200B; + +**2015** + +* November- Enlist in the military. I had been working for a few years, but failed to have anything to really show for it. Sold my car and most of my stuff then I was off to basic training with a net worth of only about $3000, but no debt. + +&#x200B; + +**2016** + +* January - Graduate basic training. Not being allowed to spend any of my money or go anywhere while in training for the past three months had added $3000 more to my net worth. I was making $1500 a month. +* June - Got first promotion and was now making about $1700 a month. +* July - Took a loan out and purchased a used Honda Accord for $9000. +* August - Began to start actively saving and investing. Started 5% matching into TSP which is the kind of like the military's 401K. Also began to invest a couple hundred each paycheck into Robinhood buying random stock, though I lost more doing this than I gained. +* November - Totaled my car, and thought I was going to be screwed on the amount I would get from insurance. The other party claimed injuries and for months I was certain I was going to have to come up with a fortune because of the accident. Luckily my insurance fully paid off my loan and left some over for another car, as well as covering the other parties injuries and vehicle. (Shout out USAA) +* I ended 2016 with a net worth of $5000 + +**2017** + +* January - Eloped with my girlfriend of 5 years and got married. She stayed in our home state to finish her year of college using FAFSA. The military began providing $2950 extra a month for food, housing, other pays because of this. I was now making about $4450 a month, but now had to find my own housing and food. +* February - Buy a used care using insurance money. Also began renting a room for $850 a month and pocketed the remainder of my housing allowance. +* March - Promoted to next rank. Taking home about $4600 a month. Opened IRA with Vanguard. About this time I made a goal to have $50,000 and no debt when my contract ended in 2020. +* August - Get orders to Japan. Begin preparing for over seas move. Have actual wedding and ceremony with wife and family. +* Ended the year with about $15,000 after the wedding. + +**2018** + +* January - Arrive in Japan with wife. My pay takes a cut as I am now living on base and not receiving certain pays anymore. Take home pay is now $2400 monthly. +* February - Purchased two used cars in cash for $4000 total (cars are cheap here), new furniture and beginning to settle in. Began a strict 50% rate of saving after getting all settled +* June - Promoted to E-4. monthly take home $2650. +* August - Wife begins working, not steady pay but \~$400 a month. +* November - Time in service pay increases to $2800 monthly. +* Ended the year net worth $27,000 + +**2019** + +* January - Yearly pay increase comes now taking home $2900 monthly. Wife get new job with fairly regular hours bringing home about $1000 +* June - Promoted to E-5 take home pay is now $3100 monthly +* November - Get assignment for 6 months to Korea. Wife has to stay in Japan. Receiving different pays and stipends as well as another time in service increase. Take home is now $4000 Monthly +* End the year with $36,000 net worth. + +**2020** + +* January - Still in Korea. Yearly pay increase now taking home $4200 monthly. +* April - Covid hits Japan and my wife is forced out of work. +* May - Covid keeps me stuck in Korea. Also hit my $50,000 goal I set in 2017. +* July - Return to Japan. Stop receiving certain pays. Now taking home $3300 monthly. +* August 31st - Checked my accounts today for the hell of it and realized that I have well surpassed my $50,000 goal. + * Robinhood: $28,164 + * Vanguard: $29,259 + * TSP: $13,086 + * Savings: $5000 + +&#x200B; + +I am getting out of the military soon and will be going to college for a Computer Science degree using my GI bill. I will be getting out debt free with over $70,000. It's not for everyone but the military can certainly set you up for the future and is very easy to build a nice net worth in. +Activision (ATVI) reported earnings on 02/03, and 2021 was their best year ever. Looking at the year-over-year income statement, total revenue was $8.80B. + +[ATVI Financials, Annual ](https://preview.redd.it/lsgm2jd4e9g81.png?width=1403&format=png&auto=webp&s=f6f7793201823f5a5b64e3f835661db1d2cece5d) + +Of this, **Activision made a record $5.1 billion from microtransactions in 2021** <[https://www.tweaktown.com/news/84421/activision-made-record-5-1-billion-from-microtransactions-in-2021/index.html](https://www.tweaktown.com/news/84421/activision-made-record-5-1-billion-from-microtransactions-in-2021/index.html)\> + +[ In-Game Net Bookings, Annual](https://preview.redd.it/786xppale9g81.png?width=1500&format=png&auto=webp&s=367e13ce2aa88f2b709dd726948cced101f94564) + +These involved people buying in-game skins, unique items, drops, leveling up, and the like. Most of us that play games are familiar with this concept. + +The kicker here is that MSFT/ATVI currently do not have a way for players to exchange these items with each other. But why would MSFT/ATVI choose to cannibalize their own own cash cow by allowing players to sell their items? + +The truth is, a marketplace would actually *increase* their revenue, if players were allowed to resell their digital items. + +First, from every resale, MSFT/ATVI would be able to take a commission. Every time a transaction occurs, it adds to their bottom line. + +Second, new unique items are always being created, and the players selling their old items are the very people that will be buying the new items. + +Third, players will be more willing to buy these new items, with the knowledge that what they buy has intrinsic value, where they are able to resell on a marketplace, to get some money back to buy new items. + +This is why GameStop's NFT marketplace is going to be the next digital innovation. NFTs are really just a buzzword. Fundamentally, NTFs are a digital ledger, where the ownership of your digital assets can be transferred to another party. This is no different than a physical ledger, such as a deed for a house, where you transfer the ownership of the house to another by take title (ownership). + +GameStop's NFT marketplace is not about NFTs at all. NFTs are just the underlying technology. It is about the marketplace, and gives the power to the players. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I will probably get downvoted to hell for being "elitist" or something, but it seems like the comment sections of this subreddit is dominated by Fed-conspiracy theorists, Libertarian Ayn Randians, and other armchair Economists who don't really have anything useful to say. Look to the right, it's openly called "the dismal science," what I would consider to be a fairly [derisive](http://en.wikipedia.org/wiki/The_dismal_science) term. Anyway, grab your torches and pitchforks, downvote away. + +To clarify: I like the articles, but the discussion bothers me. + +**EDIT: JEEBUS! Did not expect the front page here. I would like to let it be known that my frustrations don't lie with the mere fact that people disagree with my position on economic topics. One of the things I love most about Economics is that there is so much room for debate. What bothers me is the way these discussions carry out. ** + +**What I am saying is that this subreddit is titled Economics (I realize it isn't r/HardEconomics or r/AcademicEconomics or whatever, but that's why I don't expect in depth discussions of Econometrics, Game Theory, etc.) and, as such, I would like to have a little bit deeper thought, a little more theory, and a little less political-style outrage (See [this](http://www.reddit.com/r/Economics/comments/bwue8/is_anyone_else_with_a_degree_in_economics/c0ozkxr) comment). If you are so against government intervention, please cogently state why, and pretend like no one has ever heard your argument before. ** + +**I have also learned that I perhaps need to be more involved in this subreddit, rather than circlejerking on other blogs and using Reddit purely for entertainment.** + +**Thanks again for everyone who contributed, and it's good to see that there are at least a few who understood my point and could give me a little bit of support and/or guidance.** + +**And always remember, Economists do it with models.** +I've been trading options for nearly 3 months with a $30,000 margin account as an experiment to see how it performs compared to my buy and hold investment portfolio. Here's how I progressed: + +&#x200B; + +**July 2020** + +* Closed P&L: $1,524 (5.08%) +* 9 trades (1 loss, 8 gain) +* Average days in trade: 4 +* 3 long naked calls, 2 short naked puts, 2 put credit spreads, 2 iron condors + +In July, I was just trying out different strategies. I honestly think I just got lucky. I traded TSLA, MSFT, AAPL & WORK. The majority of my trades were 1SD short puts/calls (16% chance of ITM either side) and I set limit orders to close at 50% profit. + +I discovered that I liked trading put credit spreads as my use of capital was more efficient than selling a cash secured put. This was definitely too good to be true, and I realized this the hard way... + +&#x200B; + +**August 2020** + +* Closed P&L: $3,736 (11.85%) +* 20 trades (5 loss, 15 gain) +* Average days in trade: 11 +* 1 short naked put, 12 put credit spreads, 8 iron condors + +I believed that I had found the perfect strategy - find a momentum stock, sell a bull put credit spread, sell at 50% profit, repeat. I was 12 for 12 for the first part of the month. + +I figured that since these were all defined risk trades, I could max out my margin account. I thought I could make it easier, so I decided to just play with QQQ. I started selling huge amounts of contracts at a time - 30x QQQ $5 wide put credit spreads for example. + +Then I started getting greedy. If I was making money selling put credit spreads, why not make it an iron condor to pull in more credit while using the same amount of margin? So I opened up call credit spreads to match my put credit spreads, making them all iron condors. + +At the end of August, I was getting worried. Since the NASDAQ was running up so fast, my short calls looked like they were going to hit the strike, so I decided to just close my iron condors for a loss and just sell QQQ bull put credit spreads. Because stonks only go up right? + +&#x200B; + +**September 2020** + +* Closed P&L: -$9,039 (-25.64%) +* 21 trades (8 loss, 13 gain) +* Average days in trade: 8 +* 2 short naked calls, 1 short naked put, 6 put credit spreads, 12 call credit spreads + +Fuck, September sucked. But I learned a lot. Credit spreads are really hard (read: impossible) to manage when they go bad. I started the month with a massive amount of put credit spreads where my max loss would have been more than 100% if they all expired in the money. + +I held on to my credit spreads until the Q's hit the September bottom. At over 200% loss, I should have closed them and reassessed my strategy. But I thought that I could salvage my portfolio, and thinking that the trend was changing to a mid-term bearish trend, I decided to close 63x $5 wide QQQ put credit spreads that were near the money and sold 63x ATM QQQ call credit spreads for a small credit. I thought the market would continue tanking, but I was dead wrong. + +I closed all my trades at a 30% loss once I realized that my portfolio couldn't be salvaged. + +&#x200B; + +**October 2020** + +Now that I know how hard credit spreads and iron condors are to manage, I think I'm going to stick with naked puts and calls for a while. I'm a big believer in TSLA, so I'm going to be playing that stock for a bit, selling CSP and taking assignment if it goes below the strike and selling calls for extra credit. I will be managing at 50% profit or 200% loss. + +Current positions: + +1. Long 20x TSLA @ 400.66 +2. Short 1x Nov 20 TSLA 380p/550c @ 61.00 credit +3. Short 1x Nov 20 TSLA 240p/780c @ 7.46 credit + +&#x200B; + +TL;DR: 1- Don't use 100% of your buying power. Use 30-50% max. 2- Follow a trading plan (50% profit/200% loss). 3- Credit spreads are extremely difficult to manage if they go bad. 4- Don't sell multiple contracts for same underlying/DTE. +I've been trading options for nearly 3 months with a $30,000 margin account as an experiment to see how it performs compared to my buy and hold investment portfolio. Here's how I progressed: + +&#x200B; + +**July 2020** + +* Closed P&L: $1,524 (5.08%) +* 9 trades (1 loss, 8 gain) +* Average days in trade: 4 +* 3 long naked calls, 2 short naked puts, 2 put credit spreads, 2 iron condors + +In July, I was just trying out different strategies. I honestly think I just got lucky. I traded TSLA, MSFT, AAPL & WORK. The majority of my trades were 1SD short puts/calls (16% chance of ITM either side) and I set limit orders to close at 50% profit. + +I discovered that I liked trading put credit spreads as my use of capital was more efficient than selling a cash secured put. This was definitely too good to be true, and I realized this the hard way... + +&#x200B; + +**August 2020** + +* Closed P&L: $3,736 (11.85%) +* 20 trades (5 loss, 15 gain) +* Average days in trade: 11 +* 1 short naked put, 12 put credit spreads, 8 iron condors + +I believed that I had found the perfect strategy - find a momentum stock, sell a bull put credit spread, sell at 50% profit, repeat. I was 12 for 12 for the first part of the month. + +I figured that since these were all defined risk trades, I could max out my margin account. I thought I could make it easier, so I decided to just play with QQQ. I started selling huge amounts of contracts at a time - 30x QQQ $5 wide put credit spreads for example. + +Then I started getting greedy. If I was making money selling put credit spreads, why not make it an iron condor to pull in more credit while using the same amount of margin? So I opened up call credit spreads to match my put credit spreads, making them all iron condors. + +At the end of August, I was getting worried. Since the NASDAQ was running up so fast, my short calls looked like they were going to hit the strike, so I decided to just close my iron condors for a loss and just sell QQQ bull put credit spreads. Because stonks only go up right? + +&#x200B; + +**September 2020** + +* Closed P&L: -$9,039 (-25.64%) +* 21 trades (8 loss, 13 gain) +* Average days in trade: 8 +* 2 short naked calls, 1 short naked put, 6 put credit spreads, 12 call credit spreads + +Fuck, September sucked. But I learned a lot. Credit spreads are really hard (read: impossible) to manage when they go bad. I started the month with a massive amount of put credit spreads where my max loss would have been more than 100% if they all expired in the money. + +I held on to my credit spreads until the Q's hit the September bottom. At over 200% loss, I should have closed them and reassessed my strategy. But I thought that I could salvage my portfolio, and thinking that the trend was changing to a mid-term bearish trend, I decided to close 63x $5 wide QQQ put credit spreads that were near the money and sold 63x ATM QQQ call credit spreads for a small credit. I thought the market would continue tanking, but I was dead wrong. + +I closed all my trades at a 30% loss once I realized that my portfolio couldn't be salvaged. + +&#x200B; + +**October 2020** + +Now that I know how hard credit spreads and iron condors are to manage, I think I'm going to stick with naked puts and calls for a while. I'm a big believer in TSLA, so I'm going to be playing that stock for a bit, selling CSP and taking assignment if it goes below the strike and selling calls for extra credit. I will be managing at 50% profit or 200% loss. + +Current positions: + +1. Long 20x TSLA @ 400.66 +2. Short 1x Nov 20 TSLA 380p/550c @ 61.00 credit +3. Short 1x Nov 20 TSLA 240p/780c @ 7.46 credit + +&#x200B; + +TL;DR: 1- Don't use 100% of your buying power. Use 30-50% max. 2- Follow a trading plan (50% profit/200% loss). 3- Credit spreads are extremely difficult to manage if they go bad. 4- Don't sell multiple contracts for same underlying/DTE. +November 23, 2021. I really do believe *it* will start tomorrow, as in we breach $300 and then FOMO will pile on Wednesday then we all tell our families about GME when they inevitably ask ''so how's that Gamestop doing, I heard it's up.'' on Thanksgiving. Just typing this down for any internet historians that stumble upon this in 15 years! Let it be known that the MOASS ''officially'' starts tomorrow!! +Hey r\\Daytrading! + +I'm a 17-year-old Indian high schooler who loves trading. I've been trading on the American exchanges for over a year, with Indicators and a vanilla M.L. model. I've learnt most things myself, through reading books, browsing the net, and trial and error. That said, I'm looking for a mentor who can teach me how a pro trades, and can show me what I'm (probably) lacking. + +Before someone comments "Focus on high school!", I must mention that I find school incredibly boring. + +I've taught myself till Calc 2 and Introductory Statistics + +PS: I can start working 3+ hours a day after 27th September + +Edit: removed my stats +From this article on INC: "Want to Become a Millionaire? Create Multiple Streams of Income" +link: https://www.inc.com/amanda-abella/want-to-become-a-millionaire-create-multiple-streams-of-income.html?cid=sf01001&sr_share=twitter +If so, just curious how In the actual hell you did it. Another thing I wanna ask if how are you doing daily and if you could go back in time, would you go to college instead? +TLDR: There are no half measures. + +&#x200B; + +I'm going to be honest with you guys and gals. + +I DRS'd about half of my GME shares last year but always planned to keep the rest in my brokerage account to peel off and sell in the $20k range (somewhere around when GME hits Apple's market cap was my plan). + +Why? I'm selfish. I'm afraid that there will not be a true MOASS. I want to buy a house and stop renting. + +But today convinced me there are [no half measures.](https://www.youtube.com/watch?v=YSrvFjT0vmY) SHF don't gaf about us. They'll skin us alive if it means surviving another day. I'm convinced that there's only one way to put them down. DRS everything. + +So I transferred funds and bought a bit more today and I'm DRSing 100% of everything I hold in my brokerage account. What is already sitting there, the shares I bought today, and the few that I'll be picking up here and there over the coming months. Everything is going to Computershare. + +And I've kicked the idea out of my mind I'll still be able to sell some shares at $20k and have a down payment for a house. And I'm ok with that. It's not about money anymore. It's about doing what I think it takes to get the job done. + +I get to make this choice. Hedgies have no power over me. Shills can't influence me anymore. Money is losing it's power over me. I think now I'm zen. +Unpopular opinion. Personally, I’d rather lend out my BTC and pick up 6% compounded returns, so I can get more BTC. It’s a “free” DCA. Yeah, I get it. “Not your keys not your coins.” For me, the risk that the company I lend to goes belly up is low enough that I’d rather accumulate more than have it sit in cold storage. Convince me otherwise +[https://www.cnbc.com/2021/03/25/fed-says-banks-will-have-to-wait-until-june-30-to-start-issuing-buybacks-and-bigger-dividends.html](https://www.cnbc.com/2021/03/25/fed-says-banks-will-have-to-wait-until-june-30-to-start-issuing-buybacks-and-bigger-dividends.html) + +Fed says banks will have to wait until June 30 to start issuing buybacks and bigger dividends + +* **Big banks will be allowed to resume normal levels of dividend payouts and share repurchases as of June 30, as long as they pass this year’s stress test.** +* **Payouts had been restricted based on income, as a precautionary move during the Covid-19 pandemic.** +* **Banks that fail the stress test will have to wait until Sept. 30, and face even more stringent measures if they still don’t meet capital requirements by then.** + +Banks will be able to accelerate dividends and buybacks to shareholders this year, but not until June 30 and provided they pass the current round of stress tests, the Federal Reserve announced on Thursday. + +The biggest Wall Street institutions have been limited based on income in their ability to do both for nearly the past year as a precautionary measure during [the Covid-19 pandemic](https://www.cnbc.com/2021/03/25/covid-live-updates.html). + +The Fed had said late last year that it would begin allowing regular disbursements in the first quarter of 2021, so the Thursday announcement pushes that date back. + +ADVERTISING + +“The banking system continues to be a source of strength and returning to our normal framework after this year’s stress test will preserve that strength,” Vice Chair for Supervision Randal Quarles said in a statement. + +Bank stocks rose in after-hours trading on the news, with Wells Fargo and JP Morgan Chase up around 1%. + +Lifting the restrictions only applies to institutions that maintain proper capital levels as evaluated through the stress tests. Under normal circumstances, capital distributions are guided by a bank’s “stress capital buffer,” a measure of capital that each bank should carry based on the riskiness of its holdings. + +The income-based measures [were put in place](https://www.cnbc.com/2020/12/18/fed-to-allow-big-banks-to-resume-share-buybacks-with-limitations.html) as a safeguard to make sure banks had enough capital as the pandemic tore through the U.S. economy. + +Any bank not reaching the target will have the pandemic-era restrictions reimposed until Sept. 30. Banks that still can’t meet the required capital levels will face even stricter limitations. + +The financial sector is one of the stock market’s leaders this year, with the group up 14.7% year to date on the S&P 500. People’s United, Fifth Third and Wells Fargo have led the banking space. + +The announcement comes a day after Treasury Secretary Janet Yellen, who chaired the Fed from 2014-18, said [she would be comfortable](https://www.cnbc.com/2021/03/24/yellen-supports-buybacks-warren-wants-blackrock-deemed-too-big-to-fail.html) with lifting the restrictions on dividends and buybacks. + +At a congressional hearing Wednesday, Yellen said she agreed both with the decision to suspend capital disbursements, and to resume them. + +“I have been opposed earlier when we were very concerned about the situation the banks would face about stock buybacks,” Yellen said. “But financial institutions look healthier now, and I believe they should have some of the liberty provided by the rules to make returns to shareholders.” + +Banks bought back just $80.7 billion of their shares in 2020, with most coming before the pandemic hit. +We had the end of Help To Buy, interest rates hikes, less migration due to Brexit, huge inflation and cost of living increase, remote working allowing people to leave cities. Everything is pointing at less demand and less affordability, especially in metropolitan areas. So how is it possible that housing prices are stable or even going up? + +Edit. I've just realised migration didn't drop, it's the highest in history. However, other points still stand. +Hello – + +I am at a crossroads in my career, and would love to hear some perspectives from this sub, which I have been reading for many years and have great respect for. Grateful for any advice you can share with me. And apologies in advance for writing a long post. + +I am currently 27M, engaged and will be married next year. I have a NW of \~$700k, expect to shoot up to at least \~$800-850k in February 2020 (bonus hits). My fiancée (25F) has a NW of maybe \~$50k, makes about \~$40k a year working for a non profit. Neither of us have any debt, but she is thinking of going back to school for the next 3-4 years and can graduate with a higher paying job. We are both frugal and live well below our means. (I estimate we spend \~$50-60k per year, inclusive of rent). Both our parents are firmly upper middle class as well, so I don’t need to support them financially. + +I am currently an associate at an investment bank in NYC, making about $400k+ in compensation (inclusive of bonus – we’ve had a strong few year). I’ve done IB for 5 years now, starting from an analyst straight out of undergrad, and would be up for promotion to VP at the end of 2020. + +I have an offer to join a social impact venture capital / growth equity fund, which has some overlap with my current job but I have an opportunity to join an investing role and also work with innovative early stage start ups, which I have a strong interest in. It is a 2 year program, but I would find the work much more meaningful. However, the catch is that the pay is 85k, and it’s not a career track so I’ll be out after 2 years. So I’d be taking a $315k paycut for this role. + +Furthermore, I am also thinking of creating my own company, which I have been brainstorming with my colleague for a while now. We think it would cost about $100k to launch and could be profitable within 6 – 9 months, but we are both finance guys and don’t have any industry experience within that space. + +I am currently considering 3 paths outlined below, and have laid out my thinking on each – would love to hear thoughts from this community. I don’t have a specific FI number, but thinking of \~$5M by the time I have kids starting high school. + +1. Stay in IB + +* Pros: milk the strong compensation while market is hot, I generally like the work and get to work with cool companies. I also get to travel a lot which I enjoy +* Cons: Not guaranteed I will get VP promote, work has become repetitive, I have some very VERY high maintenance bosses, difficult to leave IB as a VP in terms of job opportunities, long hours / unpredictable schedule + +2. Join Social impact VC firm + +* Pros: Much more fulfilling work, gain a new skill set, work in a more operational role, learn to be an investor, expand my network, much better work/life balance. I could also go back into IB after my 2 years, which should be easy given my experience +* Cons: low salary (I’d make less than when I was 22, first year out of college), 2 year program (likely try to do MBA after the fact, which has been a goal, but not guaranteed to get in) + +3. Do start up + +* Pros: We (my co-founder and I) believe we found a niche market in the HC services space and has potential to quickly build a profitable business that is currently being sold at very high multiples. There is also the allure of being a start up and building something I am passionate about. The best time to take this risk is while I’m young and have time to make it up should it fail +* Cons: highly risky, will likely put a large sum of my own money into this venture, no experience in entrepreneurship and would likely have tons of stumbles along the way + +With all this above, would love to hear your perspectives as everyone has learned lessons along the way. Would appreciate any knowledge and wisdom you can pass along. Thanks all +Today TSLA has been on the rise. Again. Stocks hit a new ATH of $1650. Today "reasons" were an [increase in target price and a new patent](https://thetradable.com/stocks/tesla-tsla-stock-price-grows-by-18-on-new-elon-musks-patent-and-target-price-raise) on long-awaited technology.News that push the price higher and higher appear literally every day.But how long will it last? + +I think that before the stock split, a rise to $1700 is possible, without serious drawdowns. Don't forget about S&P inclusion speculation. + +Then, without a serious driver, I expect stagnation or even a drawdown to more adequate levels.Now TSLA is too overbought, I think. The higher they rise, the more difficult it's to hold onto even with new positive news + +Tell me, what do you think about this? when will there be a drawdown, what will happen in the short (and not-so-short) term? +She told me that I need to stop talking to my coworkers about our wages, or any financial situations we are in. + +Personally, I have not had a raise in over 3 years, my job duties have doubled and we are immensely short staffed. I have already made the decision to look for another job and have been actively applying. + +I was asked into the office managers office and she sat me down and told me to stop. I told her I didn’t know it wasn’t allowed, and asked her if it was illegal. She rolled her eyes and said it’s a preference of the partners (law firm). + +My question is, can they actually stop us from discussing this? Is it not our right? Many of us were promised substantial raises, and they company ended up going back on their word. Nothing was written or signed by any of us, but we are all naturally pretty upset. +Leave u/Rensole alone. The time and energy and resources he has poured into this community is simply staggering and you've all turned on him in a second when he made a post that doesn't 100% confirm your own personal beliefs. + +This is a place to discuss our favourite stock and HOLD. Not to try to ruin a person's life by attacking their hard work and personally insulting their intentions and character. + +If Rensole doesn't come back I wouldn't blame him...it's genuinely scary seeing how quickly we all turn on eachother. Hopefully none of you try to send a drone to his apartment or dress up in ape costumes to go bang on his door. + +We should all be ashamed if this is what we are becoming. Let's not do that. Let's get back to work and our DD. +Leave u/Rensole alone. The time and energy and resources he has poured into this community is simply staggering and you've all turned on him in a second when he made a post that doesn't 100% confirm your own personal beliefs. + +This is a place to discuss our favourite stock and HOLD. Not to try to ruin a person's life by attacking their hard work and personally insulting their intentions and character. + +If Rensole doesn't come back I wouldn't blame him...it's genuinely scary seeing how quickly we all turn on eachother. Hopefully none of you try to send a drone to his apartment or dress up in ape costumes to go bang on his door. + +We should all be ashamed if this is what we are becoming. Let's not do that. Let's get back to work and our DD. +I'll keep this short and to the point, because i'm fucking sick and tired of scrolling through WSB this morning seeing people talking out their ass. This is the stock market, not the GME market. GME is not the only stock that exist. We all have the same sentiment that apes together strong and we will hold GME. With that being said, NOT FUCKING EVERYTHING IS A PLOY BY HEDGE FUNDS TO GET YOU OUT OF GME. This rocket squeeze was created by CEO, the CEO of rocket has done amazing things with the company, and their balance sheet is impressive. He hates shorts as much as we do, so he decided to do something about it by essentially creating a gamma squeeze. Rocket was a really good play, especially with options. We don't need to discredit good plays just because they are not Gamestop. + +Edit: Thank you guys for all the awards +# DISCLAIMER + +*This is no financial advise! I am not an experienced monkey. I just do like the colors and the crayon stick figures. Maybe I'm gonna grab me some and munch on them. I don't want you to set your expectations because of that post.* ***Even consider this to be wrong!*** + +***Please feel free to correct me and to leave some feedback!*** + +&#x200B; + +# TL:DR + +**Another Chart Indicator flipped from bearish to bullish! This means that we COULD see another rally! KEEP HOLDING AND ENJOY YOUR WEEKEND! In the end (there will never be an end to GME 🚀🚀🚀) everything will be allright!** + +**SPOILER: Please don't mistake the techincal term "squeeze" with the "short squeeze" that might happen to GME. Even though one could lead to another it is not codependant! What I'm describing here is a momentum indicator used for techical analysis, showing that something is happening. All I want to do is to give back to the community and to provide some good vibes for the weekend!** + +&#x200B; + +# CONTENT + +1. **Introduction** +2. **The SQM Squeeze Momentum Indicator by LazyBear** +3. **When Lambo?** +4. **Conclusion** +5. **Feedback Section** +6. **Update Section** + +**Here we go!** + +&#x200B; + +# 1. INTRODUCTION + +Okay guys, first, don't get too crazy about that! An indicator is just something that SHOWS what a situation IS like - AT THE MOMENT! It is NOT the 8 Ball of truth for the upcoming future. This indicator MIGHT show us at least something interesting. + +**Keep in mind that noone - not even the most experienced trader with the best indicators - can EVER predict to a 100% the possible outcome of a chart. IT IS IMPOSSIBLE TO CONSIDER ALL DIRECTIONS! This is called the chess dilemma!** We can only ever **react** as far as it makes sense and is meaningful. Maybe u/WardenElite can cover the indicator from a more experienced and more technical view! in the end, TA is more or less stonks astrology. It CAN happen, it doesnt have to! + +&#x200B; + +# 2. THE SQM SQUEEZE MOMENTUM INDICATOR BY LAZYBEAR + +Stock price is going down, why are you saying SQM is bullish? The answer is below. + +>*The cited parts are the more wrinklier parts of this possible DD and sourced from the below guides. They mainly describe how the SQM (TTM) work.* + +**2.1. What am I talking about?** + +The Squeeze Momentum Indicator (SQM by LazyBear) is based upon the TTM Indicator by John Carter and capitalzes on the tendency for price break out strongly after consolidating in a tight trading range. + +**2.2. How is the SQM calculated?** + +The SQM is a combination of several instruments. + +2.2.1. The SQM uses Bollinger Bands and Keltner Channels to measure the price compression. + +>*If the Bollinger Bands are completely enclosed within the Keltner Channels, that indicates a period of very low volatility. This state is known as the squeeze. When the Bollinger Bands expand and move back outside of the Keltner Channel, the squeeze is said to have “fired”: volatility increases and prices are likely to break out of that tight trading range in one direction or the other. The on/off state of the squeeze is shown with small crosses on the zero line of the indicator: black indicate the squeeze is on, and grey crosses indicate the squeeze is releasing.* + +&#x200B; + +>*Once the values for the upper and lower Bollinger Bands and Keltner Channels have been calculated, the formula for determining the state of the squeeze is simple. If both of the following conditions are true, then the squeeze is on for that period:* +> +>*Upper Bollinger Band < Upper Keltner Channel* +> +>*Lower Bollinger Band > Lower Keltner Channel* +> +>*If they are not both true (one or both Bollinger Bands fall outside of the Keltner Channel), then the squeeze is off for that period.* + +2.2.2. The SQM Squeeze indicator also uses a momentum oscillator to show the expected direction of the move when the squeeze fires. + +>*First, calculate the Donchian midline for the specified number of momentum periods (20 is used by default)* +> +>*(Highest high in 20 periods + lowest low in 20 periods) / 2* + +&#x200B; + +>*Second, calculate the SMA of the close for the specified number of momentum periods (so by default, a 20-period SMA of price).* + +&#x200B; + +>*Third, calculate the delta between the close and the average of the Donchian midline and SMA values using the following formula:* +> +>*Close - ( (Donchian midline + SMA) / 2 )* +> +>*Finally, use linear regression on the delta values to smooth them. The formula for linear regression is beyond the scope of this article, but it essentially looks for the “line of best fit” given the available data. The momentum histogram values show how far above or below the average the price is expected to be.* + +Those are the green and red lines at the bottom. + +[This is GS2C - the german chart. First day of the flippening! The scale is set to logarythmic. Thereby we can read it more clearly.](https://preview.redd.it/t2xlvclr27s61.jpg?width=3017&format=pjpg&auto=webp&s=c6a58f0c25933e3ef7615b86327f93595b7fbe43) + +[This is GME! - Second day of the flippening!](https://preview.redd.it/lldjxnn967s61.jpg?width=3017&format=pjpg&auto=webp&s=bf1e434f2af1f4081ec72cf30c6ef977764dfe4c) + +Now Look at the indicator at the bottom. As soon as it switches from bright red to dark red and goes over to bright green, it signals a switch into a bullish pattern. Right now, the bright red switched over to a dark red! That means its heading to bright green! + +Citing LazyBears discription of the SQM: + +>*Black crosses on the midline show that the market just entered a squeeze. This signifies low volatility, market preparing itself for an explosive move (****up or down****). Gray crosses signify "Squeeze release".* + +&#x200B; + +[Dark crosses! = Charging momentum might be about to be released! Right now, the indicator still shows dark crosses \(those dark spots above the red lines and under a few of the dark green ones\). That does mean that we have a low volatility - AND THEREBY THE MOMENTUM CHARGING.](https://preview.redd.it/vm6aqowqa7s61.jpg?width=541&format=pjpg&auto=webp&s=5acab952d4e614429680757eb7745b47f4a8c94c) + +Now it doesnt mean it has to happen exactly like both last times, but confirming my bias, this jacks my titts!!! + +Clarification: The chart does not have to move immediately! SQM just INDICATES that there COULD be momentum ramping up to catapult again! It has to switch to grey crosses next! + +&#x200B; + +# 3. WHEN LAMBO? + +It correlates with the BIG WEDGE shaping. I guess end of next week, or maybe the week after, we COULD see a flippening to BRIGHT GREEN of the indicator! Some catalysts could help the chart to form... 4/16 ... 4/20. + +**THAT DOES NOT MEAN THAT THE SQUEEZE IS HAPPENING AT THAT DATE! IT IS NOT A SET DATE, WE DON'T DO THAT HERE!** + +It's just an **estimate for how the indicator could evolve**. An evolving indicator doesnt induce the causality for the chart to take the same step! It's the other way around! The chart feeds the indicators and thereby NO INDICATOR can ever predict a precise date because its just a formula! + +For the wrinkliest of our wrinkly apes in here, the thesis somewhere correlates with the Elliott Wave Theory DD posted by u/ChristianRauchenwald. It is a must read! And check out the video links in his post: [https://www.reddit.com/r/Superstonk/comments/mnezu9/three\_possible\_ways\_how\_gme\_plays\_out\_according/](https://www.reddit.com/r/Superstonk/comments/mnezu9/three_possible_ways_how_gme_plays_out_according/) + +&#x200B; + +# 4. CONCLUSION + +**The Squeeze Momentum Indicator has flipped**. **We are officially transcending into a bullish pattern again, compared to the last two races!** + +Take it with you for the weekend and prepare for **POTENTIALLY CRAZY WEEKS** to come!! Keep calm as always! Always keep your head up, even if the chart was rather meh today! GME has its backup upside potential from investor's perspective in the long run! No question! RC will transform it to a big player anyways! Fortune will come! + +**BUT PLEASE REMEMBER - ANY TECHNICAL ANALYSIS FOR GAMESTOP IS PURE SPECULATION! MARK MY WORDS! THIS IS NOTHING BUT A PURE GUESS!** + +&#x200B; + +# 5. FEEDBACK SECTION + +\- u/tendieful: there is a v2 of that indicator! I will look that up and update it! + +**-** u/Feed_Bag (best name) is right! The indicator needs volume to be even more precise! Hopefully it will rack up next week! + +&#x200B; + +# 6. UPDATE SECTION + +**UPDATE 1 - v2 SQM Indicator** + +Regarding the feedback, I've taken a look at v2 of the indicator (which is not updated by LazyBear himself) and factored in the volume (we are still using a momentum indicator). I've also put in the bollinger bands (green) and keltner channels (blue), to visualize the calculation method better. The calculation method seems to be the same. It is just a visual change for a maybe more precise signal. + +[BB and KC showing a tightening \\"squeezing\\" pattern. below you see v2 of the squeeze indicator. It doesnt use a histogram anymore. Instead it visualizes the signals via buy and sell crossing signals.](https://preview.redd.it/ntr4mx11w8s61.png?width=3018&format=png&auto=webp&s=d98e17b872eda792ffc10108667dc5ad2f8bf5d3) + +Changelog: + +>Modified version of Squeeze Momentum Indicator including line graph of the main indicator instead of using a Histogram and a second Signal line (5 bars SMA of the original line) to provide visual BUY/SELL signals. + +The signals: + +>BUY when Blue crosses ABOVE the RED signal line +> +>SELL when Blue crosses BELOW the RED signal line + +[If you look closely, you can see the BLUE line coming VERY close to the red line! You could interpret it as ascending and it might be crossing the red line! It is nearly identical to the v1 indicator. The crosses are the same black, meaning a spring loading. Look below for what i mean.](https://preview.redd.it/jjd7gro0x8s61.png?width=1207&format=png&auto=webp&s=7374c4d2da0a51d3daf5b8fab3695e854e79b31b) + +Now keep in mind, that buy and sell signals mean entry points for OPTIONS TRADING! But we are HOLDING SHARES! Thereby it indicates to us if the chart MIGHT ascend or trend downwards! + +&#x200B; + +**UPDATE 2 - VOLUME IS THE KEY** + +The main driver for our chart is VOLUME! As you can see, since the last rally, the volume continued to go down. Nevertheless, the price was relatively steady and stable - low volatility as stated above and as v1 SQM indicates. + +[You can see two things: First, the last red candle to the right on the daily basis chart. These are Heikin Ashi candles: each candle starts at the middle of the last one \(representing the average price of the last candle\/day\). Top of the candle represents the daily high, the tip of the \\"fuze\\" shows the daily low and the bottom section of the thick part is the closing price. Second, the candle is still UNDER the red signal line. In sum this resembles a downward pressure on that day and we could still be in a downward channel!](https://preview.redd.it/6z9n36srx8s61.png?width=620&format=png&auto=webp&s=cc3cae55d61572cd1e2ad8cc4858d67ce171f5dc) + +What does it mean in the end? + +Taking into consideration, that the price held up so good against the deep itm short drops of the HF, if we get volume, this CAN go crazy! Thinking of the news Melvin losing 49% in the last quarter, should give them a taste of their own methods! They won't be able to push the price down infinitely. + +And that's where our hopefully catalysts come into play... we will find out soon! + +&#x200B; + +**Sources:** + +[https://www.tradingview.com/script/nqQ1DT5a-Squeeze-Momentum-Indicator-LazyBear/](https://www.tradingview.com/script/nqQ1DT5a-Squeeze-Momentum-Indicator-LazyBear/) + +[https://school.stockcharts.com/doku.php?id=technical\_indicators:ttm\_squeeze](https://school.stockcharts.com/doku.php?id=technical_indicators:ttm_squeeze) + +[https://www.investopedia.com/terms/h/heikinashi.asp](https://www.investopedia.com/terms/h/heikinashi.asp) + +[https://www.investopedia.com/articles/technical/04/030304.asp](https://www.investopedia.com/articles/technical/04/030304.asp) + +&#x200B; + +EDIT1: cleaned the thread a bit for readabilty. + +EDIT2: tried to explain how the SQM technically works. + +EDIT3: Thank you for the awards! Someday!! 🚀🚀🚀 + +EDIT4: Inserted a Feedback and an Update Section. Released Updates 1 and 2. + +EDIT5: gold 😳 thank you!! +Hey people, + +I’d love to know about the journey on which you’ve been on throughout your trading career. I want to hear it all, whether you’ve been doing it for 16 years or just the 1! Tell me if you’re now a full time trader. I look forward to it! +Edit:Y'all are awesome!And please, if you have any doubts about if I posted here is legit, follow the links, do some googling and correct me where I'm wrong. I actually missed something that got pointed out to me earlier. That's how it's supposed to go! +\------------------------------------------------------------------------------------------------------------------------------------------------ +TLDR: Fintel wrong, CUSIP also used for another company in the filing. It's just a 263% increase. + + +Hi again :D + +A while ago I made a simple post about some funds increase of Citadel, because the first post about that didn't get fact-checked. It needed to be corrected since its was outdated information but got hyped up like crazy.I think I yelled a bit trying to get my points across.. I won't yell this time. Well.. not much. +So yeah.. Here we go again, but now with the latest post about Fintel and Mason Capital. + +This one: [https://reddit.com/r/Superstonk/comments/xgp800/mason\_capital\_management\_llc\_reports\_237682/](https://reddit.com/r/Superstonk/comments/xgp800/mason_capital_management_llc_reports_237682/) + +Lots of hype in the comments, and nobody bothers to check it? + +Y'all just got hyped over some text that can easily be verified, but you just don't hm? + +https://preview.redd.it/c7hsllu52ko91.png?width=1078&format=png&auto=webp&s=650071574bbaa4c5626eab746daeffefdf054664 + +Oh no, wait! u/avspuk did here [https://reddit.com/r/Superstonk/comments/xgp800/mason\_capital\_management\_llc\_reports\_237682/iovu2ax/](https://reddit.com/r/Superstonk/comments/xgp800/mason_capital_management_llc_reports_237682/iovu2ax/) And then came to discord to ask if he was right and guess what, **avspuk is right.** + +&#x200B; + +This is the fintel page: [https://fintel.io/so/us/gme/mason-capital-management-llc](https://fintel.io/so/us/gme/mason-capital-management-llc) + +As you can see here, it's from the Form 13F (I highlighted it for you, so you can't miss it!): + +https://preview.redd.it/0m7elgev0ko91.png?width=1116&format=png&auto=webp&s=047387c7aa4aff8a08edee8256431e0dfc022af9 + +&#x200B; + +**Straight from SEC's Edgar** +Again I highlighted the important rows in the pictures so y'all don't have to look much.Nice huh?! + +From 13F 05/16 they had: + +&#x200B; + +https://preview.redd.it/jnsa9f4k0ko91.png?width=419&format=png&auto=webp&s=fac770e12e039ad2210b0ca9e5e298d73dbd25a4 + +https://preview.redd.it/sl5gr5zd0ko91.png?width=1134&format=png&auto=webp&s=07f3c36b0ba191c8849a80f73c4b77b49375bb66 + +\> GAMESTOP CORP CL A 36467W109 3,902 23,425 SH + +[https://www.sec.gov/Archives/edgar/data/1218735/000110465922061284/0001104659-22-061284-index.htm](https://www.sec.gov/Archives/edgar/data/1218735/000110465922061284/0001104659-22-061284-index.htm) + +Direct Link: [https://www.sec.gov/Archives/edgar/data/1218735/000110465922061284/xslForm13F\_X01/infotable.xml](https://www.sec.gov/Archives/edgar/data/1218735/000110465922061284/xslForm13F_X01/infotable.xml) + +&#x200B; + +From 13F 08/15 they have: + +&#x200B; + +https://preview.redd.it/zl63e6hl0ko91.png?width=400&format=png&auto=webp&s=6c816faca3478ad93f7a5b62a2dff3ec925d6ac0 + +https://preview.redd.it/a91lnznb0ko91.png?width=1135&format=png&auto=webp&s=928c1104cf220255c835d15d82c68adf70b6ee0f + +\> GAMESTOP CORP CL A 36467W109 7,552 61,750 SH + +[https://www.sec.gov/Archives/edgar/data/1218735/000110465922091318/0001104659-22-091318-index.htm](https://www.sec.gov/Archives/edgar/data/1218735/000110465922091318/0001104659-22-091318-index.htm) + +Direct Link: [https://www.sec.gov/Archives/edgar/data/1218735/000110465922091318/xslForm13F\_X01/infotable.xml](https://www.sec.gov/Archives/edgar/data/1218735/000110465922091318/xslForm13F_X01/infotable.xml) + +&#x200B; + +Adjusted for post-splividend that would be 247000 Shares. + +Almost tripled their position. A whole **263%** increase, not a 2376.82% increase as how Fintel puts it.No idea where Fintel got these numbers from. + +EDIT!!u/synched1 just dm'd with a finding I even overlooked! + +https://preview.redd.it/sfvd3fnimko91.png?width=824&format=png&auto=webp&s=a2ad541c65ef8a77194e78545c81cd427c5d0663 + +>Apologies for the DM, I rarely post so I don't have the karma to comment. About the Mason Capital post, isn't the error caused by the CUSIP? The Occidental Petroleum Corporation warrants expiring 2027 have the same CUSIP as GME(36467W109) which inflates that filing for GME. + +&#x200B; + +https://preview.redd.it/0yi3xz2mmko91.png?width=1144&format=png&auto=webp&s=5c98774fdbf61e9ca6fefb41de15990a1aa84a2a + +\> OCCIDENTAL PETE CORPW EXP 08/03/2027 36467W109 19167 **518,445** SH + +Nicely spotted there u/synched1 ! + +Some intern is about to have a bad day lmao + +&#x200B; + +The good thing: +They did increase their position! Whooooooo. + +The bad thing: +**Y'all again don't fucking fact check. How fucking difficult is this? It's literally 1 fucking search, 3 pages and 2 forms. Holy fucking shit.** + +**Except** u/avspuk **, he's awesome.** + +&#x200B; + +See, No(t much) yelling! feels weird.. hope the points are made tho. + +**Be like avspuk! Think critically and factcheck first, hype later!** + +&#x200B; + +**ffs.** + +**Peace ✌** +Lindsay Lohan, Zach Boychuck, Scott Disick, Alandise Harris and Rebecca Grant are on team Anji! + +What is ANJI? + +ANJI is a security token built to reward holders for the growth of AnjiEco. While ANJI is currently on Binance Smart Chain, it is designed to be multi-chain and layer fluid. Holders will receive the native token of the blockchain (BNB for Binance Smart Chain) from fees paid on AnjiEco's current and future products, as well as a portion of each transaction of ANJI. Through the protocol, ANJI then also generates contributions to causes to make the world a better place. + +So what exactly will you be able to do with ANJI? + +ANJI sets a new precedent with the world's first smart contract dividends protocol. Holders can claim their BNB rewards through our platform AnjiSwap. One can freely claim and use as they wish, reinvest and purchase more ANJI with a 50% reduced swap fee, or donate to the AnjiPool, which will support an NGO at the end of the given month. + +The rewards are generated in many ways, and not only with the swap fee of ANJI. AnjiSwap, with its own router, connects investors to liquidity pools. In doing so, each transaction fee is rewarded to ANJI holders in real-time. Effectively you become a Shareholder in the ecosystem. +All rewards are given in real-time, preventing possible reward pool manipulation that often occurs in other reward-focused tokens. + +What is this ecosystem? + +AnjiEco is an ever-expanding community of tokens and applications that can use the instruments within the ecosystem. AnjiSwap already lowers the learning curve and connects tokens to potential investors more directly and effectively. + +AnjiEco Links: + +- App: https://app.anji.eco + +- Website: https://anji.eco + +- Ecosystem: https://anji.eco/ecosystem + +- Twitter: https://twitter.com/Anji_Eco + +- Telegram Chat: https://t.me/AnjiEco + +- Telegram Announcement Channel: https://t.me/AnjiAnn I’m +My car was totaled a few months ago and I haven't been able to afford a new one. I spend at least $150 a week on Uber's to and from work. I'm on my last day that I can afford Uber rides for the week. I've asked my co-workers who passed by me to work and they won't help me. I can't find any friends that can help me consistently. I don't want to quit my job because You can get raises pretty quickly based off of performance and I've been doing all right and I know I'm not going to find a job closer that has the same pay. I have nothing saved right now and I just don't know what to do. Any ideas? +I think the top two for me are.. + +1) people think that the more complex and intricate their strategy is = more success. + +2) “ You can predict the market “ - The market may present you with news, price action and your technical indicators all showing a strong buy/sell.. and than boom goes the other way. That’s why I don’t care about what I can “ make “ but more importantly what I’m willing to lose. +I've noticed an increasing amount of this sub advocating for enjoying our money along the way, instead of hoarding it all until 65 when we are potentially frail and unable to enjoy it. + +Without being financially irresponsible and ruining future prospects, what are our strategies to enjoy our earnings and gain experiences before we wither away? + +Are you factoring a holiday 2-3 years down the track into your budget? +Did you plan for covering housing/property/mortgage costs whilst you are away? Prepay payments? +Spontaneously buy that new jetski out of savings? +Splurge on that Toyota Camry Hybrid you've been eyeing off? + +Do you feel taking your 3-6-12 month holiday through Europe will not only pause your career, but also backtrack your progress? + +Even though you are gaining vital life experience, do you see the opportunity cost in these large transactions? + +Personally I prefer to save for specific purposes e.g. save for that new caravan instead of funding it with general savings/offset. Youth is the best time for career/financial growth, but it is also the best time for personal growth and experiences. As long as I am sticking to my budget and savings plan, I can live with these larger purchases. + +Tldr; wat plan spend many dollarydoo? No cry? +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Preface. Not sure whether to flair legit, dumbfuck, yolo or crystal ball gazing (mods help) but do want all types of answers. + +The missus’ boyfriend asked me this during their coitus last night and the idea kept me up all night. I’m sure we are all aware of the AusFinance version of long term investing but has anyone given any thought to their long term goals. + +Personally I am gazing of 7 digit wealth by age 40, and right now I believe there will be very minimal etf usage (most likely ARK products if any) but thinking about the rest of the portfolio such as six plus figures in Z1P, BRN and NVX seems questionable. + +Have you thought about your long term plans and goals? What are they? Will these goals see you change sub? Do you have a portfolio percentage for aus v international markets? +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 /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +WANTED: an autist who has actually bothered to do they own research and can tell me everything is going to be ok just tell me its going to be fine tell me we are going to the moon again please its just a small bump in the road lets get pumping again cmon +I feel like small towns keep a bubble over their people. We had one gas station, one grocery store, and even fewer jobs- and the jobs they did have were min wage so it’s a constant struggle to actually have a life. + +I gave 6 years to a company and never once received any sort of raise or benefit package. It was depressing thinking that job was my only option. I said fuck it, talked to my bank, and got pre approved for a loan. I was scared but it’s paid off now that I’m sitting in my own space. + +Getting out of there Feels good man. Our mortgage payment is 440 a month and I can make that on my 14/hr job. Yes it’s a small house (685 sq ft!) and I don’t have any children, but I still feel a sense of pride owning something at 28 years old. I can walk to work if I want. +I feel like I’m actually doing something positive with my life. + +Edit* to clarify some things up; no, I didn’t put any money down. I went through a USDA loan as that was my best option- talk to your bank about yours. My interest rate is still very low. + +2. I live in a low cost of living state, Missouri. I moved from a town of 500 to a town of 5000, the houses here are about 80k. I realize this is not achievable in most large cities. I literally left everything behind and was able to relocate to a new job and start over. I’m incredibly lucky, and thankful. + +3. I got the job before closing on a house. I had to make sure I was able to support myself before actually moving. +EDIT: thank you all for your responses! Question for you all: taking into consideration that Medicare(edit: & Medicaid) funding/eligibility could be the reason: would providing a PrePaid Visa help in both tracking where the money is going and help in caring for my grandma? My aunt is the primary carer and I don't see any reason to doubt she's using it not for my grandma (my brother lives closer to them and checks in on a regular basis and also gives money every month). Another idea: could I just send gift cards? Eg: (gift cards for grociries and gas?) + + + +OP: + + +So I've been sending money to my grandmother through my aunt every month. Each time I've sent it I've placed in the memo: for Grandma. + + + +Is there a reason why she would request not to add this in? I've been using Zelle for transfers. Memo texts have just been something for me to keep track of. + + + +Hope I'm posting on the right subreddit. Open to any ideas. Thanks! +UPDATE: The owner of the site has informed me that the author has be let go. The amount of support here has be so encouraging! You degenerate apes are amazing!!!!! + + +I have spent years in this space and have grown to love so much about this community. One thing I can’t understand is the scummy element that inevitably comes when there is some money to gain. Rug pulls, shitcoins, etc. Now plagarism can be added to the fray. The other day I wrote an original article for r/crytpocurrency reviewing and comparing various crypto debit card solution. It took me months of using these cards in order to write a well informed article to hopefully help everyone out! + +Here is my original work. [https://www.reddit.com/r/CryptoCurrency/comments/p89d3p/i\_have\_used\_and\_reviewed\_every\_major\_crypto\_debit/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/CryptoCurrency/comments/p89d3p/i_have_used_and_reviewed_every_major_crypto_debit/?utm_source=share&utm_medium=web2x&context=3) + +This is the article which was pointed out to me by a few members of the community. + +[https://joyfulbusinessblog.com/the-5-best-major-crypto-debit-cards-ranked/](https://joyfulbusinessblog.com/the-5-best-major-crypto-debit-cards-ranked/) + +Aside from some small changes, this is my words. I am not going to bash the person who published the article or plagarised my words. Even though it doesn’t feel great, I still stand by the words and hope that some people are helped with what I reviewed. + +The article was then shared all over the place. I‘ve seen it on multiple subreddits. It’s not the end of the world but it does feel bad when you work on something and someone else tries to claim what isn’t theirs. + +To everyone else: + +May you see nothing but green dildos and lambos! +Greg Maxwell made a [VERY exciting announcement](https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-November/015283.html) for some real cutting edge stuff: **a way to get full privacy with transactions in Bitcoin**! + +The great thing about this is, *unlike* ZCash, this new method: + +* Doesn't use untested new cryptography +* Can be high performance (compared to alternatives) +* Doesn't require a trusted setup +* Doesn't break pruning + +There is [a video here](https://youtu.be/LHPYNZ8i1cU?t=1m) that describes confidential transactions in more detail. But the exciting announcement today is **a way to make confidential transactions work with a size overhead only 3 times that of normal transactions**. When combined with the further privacy improvement of CoinJoin or ValueShuffle, **there is virtually no size overhead and no trusted third party or sharing of private data is required!** + +Thank you Greg, Pieter, and other Core team contributors for this excellent work on confidential transactions, coinjoin, and working on the theory and engineering to bring this to Bitcoin! Exciting developments! Thanks also Benedikt Bünz, Jonathan Bootle for your discovery of BulletProofs and Dan Boneh, Andrew Poelstra for your work on this. + +Update: As /u/pwuille pointed out, while the size overhead is 3X (or less per transaction w/ coinjoin), the CPU overhead for verification is still an order of magnitude higher than regular transactions. But we'll know more once they start working on an implementation. +**The latest jobless numbers came in bad while the stock market keeps pushing forward, is a stock market crash coming soon? Let’s talk about this and the latest stock market news** + +Hey everyone! So let’s start with the recap off Friday as we saw the broad market [SP500](https://ibb.co/HD8WbDT) leading the way up 0,88%, with the [DOW Industrial](https://ibb.co/sCt0FJj) close behind up 0,83% and the [Nasdaq COMPOSITE](https://ibb.co/dDhWbBG) also gaining a decent amount, up 0,7% with all 3 big indexes closing at all-time highs. + +We saw more than ¾ of the [stocks](https://ibb.co/CB6cSMn) advancing despite below average volume as companies either small, mid or large cap value or growth [stocks](https://ibb.co/qCNqN5G) were gaining except large-cap growth. + +The best gaining [sectors](https://ibb.co/d6f58Mf) were Energy and Materials up over 2% while Utilities finished 1% down on Friday, as Utilities were the only sector to finish the week losing significant ground, with Consumer Discretionary also dropping just 0,12%. With the rest of the sectors in the green, Energy, Health Care, Technology and Communication being the biggest gainers finishing the week up over 2%. + +[Utilities](https://ibb.co/Bz8TnvP) have been hit hard in the last year as residential consumers and small businesses have been able to defer paying power bills, this will continue to hold down the sector for now with the debt still increasing. + +The VIX also dropped more than 2% on [Friday](https://ibb.co/18qjBx7) and finished the [week](https://ibb.co/7KyfPxQ) over 5% down as the [HEAT MAP](https://ibb.co/sKhhfx6) from Friday shows us that there were plenty of gains to be made especially in the Energy Sectors as well as Financials, with the big companies from the Tech and Communication sectors doing worse than the rest of the market. + +For the week though this [HEAT MAP](https://ibb.co/92hRtQL) shows that Apple was one of the biggest gainers alongside Semiconductors and Energy Names while Health Care companies like JNJ and Pfizer also did very good. + +The big indexes all finished higher for the [week](https://ibb.co/b3Gb4HN) with the SP500 up 1,7%, the Nasdaq Composite up 2,1% and the Dow up 1% with renewed hopes for a stimulus package being back on the table. + +Here are the most interesting economic [reports](https://ibb.co/j84CkLT) for next week, it will be a light week in terms of economic data but still, the market may be volatile and trends may change depending on some of the results. + +So, on Friday [November JOBS](https://ibb.co/r0JPtCs) came in much lower than anticipated, coming in at 245K vs de 610K in October and 469K estimated while the unemployment [rate](https://ibb.co/M9mNBMT) dropped to 6,7% a bit better than expected and down from 6,9% in the past month. Still there are over 10million people unemployed, this number more than doubling since the start on February. The [net addition](https://ibb.co/F54hcKb) of jobs in November was the [smallest](https://ibb.co/dWKmZWH) since May as government jobs were the [worst performing](https://ibb.co/F54hcKb) while transportation and warehousing jobs continue to increase, as big companies … aka Amazon has hired almost 3thousand people per day this year. But the bad news is that [long-term](https://ibb.co/HFZFhyC) unemployment is approaching the peaks from the Great Recession and that is not good news for the economy or the stock market as over 3,9 million people have been out of work for at least 6 months. + +So, this is pretty bad news as mortgages in [forbearance](https://ibb.co/NLcDmYP) just slightly declined this week, by just 39K with more and more plans planned to expire in December, over 1M more exactly, more than 40% of active cases. + +This may finally put some extra pressure on the Congress to agree to a relief package maybe even passing it alongside the government [funding bill](https://ibb.co/1qkTnsD) that is still debated and has over 300 issues that the parties don’t agree on. + +This is becoming more and more obvious as [cases](https://ibb.co/6y9FTjV) in the US continue to rise, coming in over 200k in the last 2 days and the economy will soon feel the pressure from this, I expect the next month or two of economic data to not be so good, this may be the time the market sees a 5-10% correction before moving on higher on more positive things like the availability of the vaccine, the passing of the torch In the Presidency and a possible relief package. + +Yes, this will continue to add to the [US DEBT](https://ibb.co/QjSPcdB), but even though I don’t have any partisan views, a good structured relief bill would do wonders for the economy as a bridge to when the vaccine will finally be widely available. + +Yes, I know that the global debt is set to reach $200 trillion but the DEBT-to-GDP [ratio](https://ibb.co/LhWkxKJ) is projected to slowly go back down in the next couple of years. + +Other numbers that came in on Friday were [Factory ORDERS](https://ibb.co/xm7JJ2Q) which came in better than expected at +1%. While a new Redfin report indicates an increase in [average home prices](https://ibb.co/pXYNGcz) year over year of 16% with the number of pending home [sales up](https://ibb.co/2nw00m3) almost 30% over last year while new listings of home sales is [up just 9%](https://ibb.co/v3nyLPZ) since 2019 and dropping rather fast in the last months with sales of homes going for all time-high [prices](https://ibb.co/gmvRPd7) at 99,5% of the asking price as the real estate market keeps booming along. + +The other number that came in on Friday and was not so good was the [trade deficit](https://ibb.co/42nsy2W), which widened even more in the last month by almost $2B. + +So next week is again pretty slow in [earnings reports](https://ibb.co/Xkr4f4P) with the most interesting ones on being Chewy, GameStop, Adobe, LuluLemon, Dave&Busters, Costco, Oracle and Broadcom. + +I own a small stake in all of them except Oracle and GameStop. I don’t see such a big growth opportunity with Oracle while GameStop I believe will struggle to turn around the business with very though e-commerce competition. + +We will also have a number of new [IPOs](https://ibb.co/0jQWwTf) this week from DoorDash, AirBNB, C3.ai, Hydrofarm and Pubmatic. The first 3 are more interesting for myself but I will only take a first look at AirBNB and at what price that stock goes public to maybe get some action, I think we will a much bigger price than the 44-50$ price range to begin with for public trading. I also expect the same thing to happen with DoorDash which has already raised the IPO [pricing](https://ibb.co/Y8VSCpV) to 90-95$ but I am not very interested to buy that stock, as this type of economy has hugely benefited them and it might see a decrease rather than an increase in the next couple of years. + +So, guys I still believe the stock market has upside in front of it, especially in the next 2 years, but you should tread careful for now, I think a possible correction might be just ahead before we move on higher, as you can see in this [CHART](https://ibb.co/9g0bJdj), a wedge formation is continuing to from with more and more tension, I believe there is about a 6,5% possible downside to the market at the moment before eventually getting back on track next year and going toward the 4000 level. And especially with the most recent jobless numbers in the US, I would try to diversify a little more especially with some EAST-ASIA exposure in countries like South Korea, Singapore and China also. + +Thank you everyone for reading! Hope you enjoyed the content! Be sure to leave a comment down below with your opinion on the stock market! + +Have a great day and see you next time! +I do intend to put in $5k at a later point to invest using Wealthsimple, but for now I just wanted to play around with the app and try out a few stocks just to get comfortable and get my feet wet. I still have plenty of research and reading to do, but for now, are there any suggestions people have on where to put my first $100? I'm looking at CA currently. +I am 21 and I'm getting into investing, definitely leaning towards being a long term value investor. I am currently reading up on investing through books and websites like investopedia and I also noticed this reddit community being fairly serious and helpful. + +More context, I am ready to start investing and I know the fundamentals. I have 10k saved up and I have a pretty stable minimum wage job on the side, while also studying. + +So I was wondering how you guys make your DD. Obviously I'm not looking to copy and paste methods, but I'd like some ideas and inspiration to be able to analyse a company/stock by myself and create my own method. You can also refer me to links, videos and other resources. + +Any and all help is appreciated! + +Edit: I'm blown away by the response and I'd like to thank all of you. Looks like I have a lot of reading and learning to do and I'm excited. Again thanks for every response I have read them all, though I can't respond to them all +Much to my shock and surprise, I have been recruited into a very high paying entry level position at the mines. I honestly did not expect to get it. I was made redundant a month ago from a bad, commission only sales job, and have been looking so desperately for work that I signed up to drive for Uber Eats. The job I've gotten is FIFO, one week on, one week off. I have completely depleted my savings at this point and my car is on it's last legs. What are my best steps going forward? This is more than double what I've ever earnt in my life. +So to preface, I’ll be starting grad school in august, I have about $80k of equity in ETFs/stocks, $30k in savings, and can probably save about another $40k by the time august/school comes. So in total about $150k liquid. + +School tuition is $45k/year x 4 years = $190k, cost of living will be about $33k/year so call it $132k after 4 years, so in total I have projected about $322k in expenses over the next 4 years. + +So now what would be the best way to tackle the projected expenses? I’m thinking I’d take out loans for tuition and live off my savings for cost of living and take out additional loans when that runs out AND not touch my $80k of investments, but I’m not sure if this is the best move. Should I drain all my $150k before touching loans? What are everyone’s thoughts? + +edit: this is for medical school and I am 26 +26 years old, just got a job as a pilot at a major airline (one of the top 4 in the US). I have a 401K building up with my previous employer but that’s about it. With this new job comes a lot of financial options/opportunities. What’s some advice you wish you knew/ took advantage of? Trying my best to prepare for the future young and with new possibilities at my disposal. Thank you! +Down 11% after earnings. Horrible new subscriber numbers. + +IMO, NFLX will continue to tank into the low 200s. It might dead cat bounce here and there but the trend going in 2019 and 2020 is down. + +Facts and Opinions + +- It’s US subscription base is saturated. It’s the most stable, profitable. To increase revenue in the US, Netflix has to increase monthly price. This will be a further hit on new subs and current subs. + +- Foreign markets continue to see higher percentage growth. No necessarily a great thing. There’s huge marketing and support costs in trying to penetrate these new territories. This is cash burn hell. + +- Even with the 11% haircut. PE is at 125. CEO keeps saying it’s a media company not a tech company. Well, Hasting, DIS PE is 15. Please explain why your media company is 8 times more expansive then the best media company in the world that, by the way, will own HULU outright and will launch Disney+. NFLX fair value as a media company is 40-50 dollars. Let’s add a 4x multiple for its “growth story”. Then it’s 200 per share. Not 300+ + +- It’s business model just does not work. Debt to equity ratio is 1.8. They have a burn rate of 3.5B in 2019 and more of the same in 2020. And for what? It’s mostly spent on content. Besides OITNB, HOC, and Stranger Things, it has not generated many franchises. Disney creates the best content franchises of anyone and it still cannot guarantee a hit. Content is not scalable or predictable. NFLX BURN RATE WILL HAVE TO INCREASE NOT DECREASE. Once Friends and the Office leave, they need their own mega-hits. No guarantees there. + +- Streaming was innovative and convenient 10 years ago. It’s taken for granted now. NFLX has no most. No tech advantage. + +TLDR : NFLX fucked. +&#x200B; + +## Written by: Scott Phillips, Lavaca Capital + +Source: [https://www.cboe.com/insights/posts/the-vix-index-and-muted-volatility-in-2022/](https://www.cboe.com/insights/posts/the-vix-index-and-muted-volatility-in-2022/) + +Despite increased realized volatility in the equity market during the first five months of 2022, the response of the VIX Index was truly anomalous. Lavaca Capital’s Scott Phillips breaks it down in this guest blog. + +The [Cboe Volatility Index](https://www.cboe.com/tradable_products/vix/) (VIX Index) is a calculation designed to estimate the 30-day expected volatility of the U.S. stock market by aggregating the weighted prices of S&P 500 Index call and put options over a wide range of strike prices. Options traded on the S&P 500 Index that have maturities between 23 and 37 days are used to calculate the price of the VIX Index. While this measurement gives us a look into the market’s expectations of future volatility, it does not paint a complete picture.  + +There are currently 9,547 listed put and call option contracts on the S&P 500 Index, ranging in maturity from one day to five years, with the last listed maturity on December 17, 2027. Each of these options contains its own implied volatility which drives the option’s price. In general, the higher the implied volatility of an option, the higher the option’s price. For example, the VIX Index measured at 28.71 on June 30, 2022, which implies a daily move in the S&P 500 Index of approximately 1.8%. This is calculated by dividing the current VIX Index level by 16, meaning a VIX Index level of 16 would equate to a market expected daily move of +/- 1%.  + +## Option Skew + +The chart below plots the volatility of individual options on three different expiration dates:  August 19, 2022, December 30, 2022 and June 16, 2023. + +&#x200B; + +https://preview.redd.it/9pj37qgjjeo91.png?width=805&format=png&auto=webp&s=78645a1bd77ce03329dc5f2922d3357d69cf14dd + +*Source: Bloomberg\** + +As illustrated above, the implied volatility level for each option varies significantly, depending on the option strike price. Notice that implied volatilities rise more significantly as the strike price moves down. This is a phenomenon called skew that originated after the Black Monday Crash of 1987. The skew implies that options with strike prices below the current market are more expensive than those with strike prices above. This makes sense as the left-tail occurs seemingly more spontaneously and fiercely than the right tail. That’s why it costs more to insure your portfolio from a melt-down than a climb*.*The level and relationship of these various implied volatilities change daily due to market participants’ expectations of future price returns and supply and demand forces. If investors are scared, they tend to reach for downside protection. When investors are more bullish, they tend to invest in options that pay off on large upside moves and focus less on downside risk. + +The chart below illustrates the Cboe Skew Index pre and post the 1987 Black Monday Crash. + +&#x200B; + +https://preview.redd.it/e9fhta8rjeo91.png?width=823&format=png&auto=webp&s=fda27fc1656e99f9cabd1a33745c9b27bdb87598 + +*Source: Cboe Global Markets\** + +## Muted Volatility in 2022 + +The lack of a meaningful increase in implied volatility this year, despite a large market sell-off, is quite unusual. Historical context may be helpful to understanding the current market environment. + +Since the launch of the VIX Index on January 19, 1993, the S&P 500 Index has experienced 53 six-month periods where price has declined between 20% and 25%. During this period, there were 5,534 unique six-month return periods, looking at rolling six-month returns. The average VIX Index level at the end of any of these six-month declines was 37.37, and the VIX Index increased an average of 88% during the same periods. + +As of June 30, 2022, the S&P 500 Index has declined 20.5%, excluding dividends. The VIX Index closed at 28.71 on June 30, nine points, or 23%, lower than the average closing level, compared to historical declines between 20% and 25%. The VIX Index has risen only 53% this year, despite a greater than 20% decline in the S&P 500 Index. Moreover, the VIX Index’s June 30 closing level was the second lowest closing VIX Index level in the last 22 years, compared to six-month declines between 20% and 25%. There were only three similar six-month periods where the VIX Index closed at a lower level; March 15, 2001, and June 28 and 29, 2022, which marked the lowest VIX Index close ever for a decline of this nature.  Six months following the March 15, 2001 close, on September 20, 2001, the VIX Index reached a high of 43.74 as the S&P 500 Index declined another 16% between March and September 2001. + +&#x200B; + +https://preview.redd.it/sbev4mctjeo91.png?width=708&format=png&auto=webp&s=41ee2597a390b6b7df215851fc6be3a838ff6bc6 + +*Source: Bloomberg, Lavaca Calculations\** + +A similar story emerges when analyzing long-term volatility, as characterized by the one-year VIX Index. On average, prior to 2022, the one-year VIX Index rose 73% during similar drawdown periods in the S&P 500 Index. On June 30, 2022, the one-year VIX Index had risen only 13%*.* The average close for the one-year VIX Index for this draw-down scenario is 39.43; however, the index closed at 31.1 on June 30, marking the second lowest close ever for a drawdown greater than 20%. The lowest close was two days earlier on June 28. + +&#x200B; + +https://preview.redd.it/bmuo35oujeo91.png?width=697&format=png&auto=webp&s=935ff480d9e88969851f706c700112f2867e9799 + +*Source: Bloomberg, Lavaca Calculations\** + +Looking back at the first half of 2022 and considering the magnitude of the draw-down in the S&P 500 Index, the volatility environment has been profoundly abnormal. Since the launch of the VIX Index, the past six-month period has been the weakest for volatility in 29 years, relative to similar S&P 500 Index price moves. + +Because of the lack of an implied volatility increase in 2022 relative to what has occurred in similar historical market drawdowns, those using put options to hedge a downside move in the S&P 500 likely did not get the response they were looking for from their option hedges.  + +*This article is part of Cboe’s Guest Author Series, where firms and individuals share their insights, strategies and ideas with the broader Cboe community.* + +*The authors prepared this article at the request of Cboe. The information in this article is for informational purposes only and no statement within this article should be construed as investment advice or a recommendation to buy or sell any security. There are important risks associated with transacting in any of the Cboe Company products discussed here. Before engaging in any transactions in those products, it is important for market participants to carefully review the disclosures and disclaimers contained at* [*https://www.cboe.com/options\_futures\_disclaimers*](https://www.cboe.com/options_futures_disclaimers)*.* + +**Disclosures** + +\* Policies for valuing and calculating implied volatility or other calculations in this material are available upon request. + +This material is provided by Lavaca Capital for informational and educational purposes only. In no way should any content contained herein be construed to represent trading or investment advice. None of the information contained herein constitutes a recommendation by Lavaca Capital that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. Lavaca Capital does not advise you personally concerning the nature, potential, value or suitability of any particular security portfolio, transaction, investment strategy or other matter. As such, all viewers agree that under no circumstances will Lavaca Capital, its partners, officers, employees, affiliates, and agents be held liable for any loss or damage caused by your reliance on information obtained from this content, including any articles, videos or other materials. Options trading involves risk and is not suitable for all investors. + +All opinions expressed by any person in this content, including any articles, videos or other materials, are solely the opinions of the author/speaker. Do not consider any opinion expressed by the author/speaker as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of individual opinion. The author/speaker and Lavaca Capital are not under any obligation to update or correct any information provided in this content. All statements and opinions are subject to change without notice.  +I keep getting price alert emails from Netflix, Prime etc. once in a while and I ignore them because it's just a quid or two each time. + +But I calculated the sum of all the non-sports streaming services and it is just ridiculous. Worst part is, some films are not even free despite all of this. You still have to 'rent' or buy them separately. Even the content is getting transient - a title might be available on a streaming service for only 6 months for example. + +This doesn't even cover music streaming! + +Netflix: £13.99 + +Amazon Prime: £5.99 + +Now TV(Entertainment Pass): £6.99 + +Now TV(Movie Pass): £9.99 + +Disney + : £7.99 + +**Total: £44.95** +First off: mine is too. I’ve lost (on paper) most of my gains YTD and I’m not happy about that. However, I also feel I am well situated: almost all my positions have at least 30 to 60 DTE and are still able to be rolled without incurring loss (time will tell if that holds up, I generally would not roll until about 21 DTE). + +I posted a while ago about my experience getting absolutely hammered during the initial COVID downturn, and having to liquidate many positions at loss in order to cover margin calls. That taught me a valuable lesson in risk management, portfolio sizing, and margin utilization. Since that time I adjusted my trading so that I was not over-extended and could handle at least a modest downturn without getting margin calls. I also added some cash to a separate bank account to allow a cushion for a more disastrous downturn. Thus, I am sitting on paper losses right now, but not being forced to liquidate and realize losses because of risk management. I have time in my positions for them to turnaround. And many short positions are not even ITM, so they don’t even need to turnaround, simply to stay put or go up as time passes. + +So, if you are getting wrecked and having margin calls and being forced to realize loss….this is your opportunity to learn the lesson (with an admittedly very small market downturn….things could definitely get so much worse). Learn it and internalize it and appreciate the benefits of portfolio risk management. + + Wishing you the best in your trading adventures! +I’ve finally used 2020 as the year to get my finances in order and pay of debts I’ve accrued since starting working 5 years after uni. Today I’ve cleared of my final loan and I’m debt free apart from my student loan. + +Summary of debts +£4K AMEX card +£4.5k HSBC credit card +£3K HSBC Overdraft +£7K HSBC Personal Loan + +The main reason for the debt was wanting to live beyond my means and not tracking spending closely enough. However, since WFH in March I’ve cut my expenses and have been saving aggressively to pay of these debts. + +Nows the time to start building up my emergency fund and start saving for a house. This sub has been a great help to me thanks everyone :) +>GameStop disclosed on April 5, 2021 that it had filed a prospectus supplement with the U.S. Securities and Exchange Commission to offer and sell up to a maximum of 3,500,000 shares of its common stock from time to time through the ATM Offering. The Company ultimately sold 3,500,000 shares of common stock and generated aggregate gross proceeds before commissions and offering expenses of approximately $551,000,000. Net proceeds will be used to continue accelerating GameStop’s transformation as well as for general corporate purposes and further strengthening the Company’s balance sheet. + +This is amazing news. GME sold 3.5 mil shares at ~$157 to raise 550 mil. The company has zero debt and now has signicant money to fund their transformation moving forward. Stock is currently up 12% in AH, reaching $190. GME is now primed for another run and the highly anticipated short squeeze is that much closer to reality. + +[https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-completes-market-equity-offering-program](https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-completes-market-equity-offering-program) +### UNITED STATES + +* **Futures** are up slightly after yesterdays selloff but the DOW and S&P500 are still on track for their worst December since the Great Depression +* The Fed felt the market and investors felt the pain after **rates** were raised yesterday and predictions for **GDP** growth next year were lowered  +* The Senate passed a bill to keep the government funded until Feb. 8 + +### OTHER + +* The **EU** announced plans to minimize the disruption that would be caused if **Britain** leaves the EU without a deal in March + * They will allow British airlines to continue flying to EU airports and let trucks cross the border without a permit on a temporary basis  +* A Japanese court refused a request to keep **Carlos Ghosn**, the former boss of **Nissan**, in prison +* **AB InBev,** brewers of Budweiser, is partnering with **cannabis** company **Tilray** in a $100 million deal + * The project will be run by InBev's Canadian subsidiary **Labatt** Breweries   +* **Altria,** the makers of Marlboro, will purchase 35% of **JUUL** e-cigs for $13 billion -- just weeks ago Altria purchased a stake in cannabis company Cronos  + +### CHINA + +* **Apple** will try to avoid a ban on older iPhones in China with a software update that addresses patent issues +* A third Canadian has been detained in China since the arrest of **Huawei’s** CFO +The splividend might not instantly force shorts to close the second it goes live. We're in uncharted waters here, and there is plenty of fuckery afoot. Other similar scenarios (like tesla's split for example) took a long time (months) for the stock price to fully respond. You can bet your ass MMs and brokers will be trying every trick in the book to kill or delay the MOASS too. + +MOASS is coming. Just don't throw a fit if it doesn't happen at 4:01PM on the 21st. +EDIT: Thanks for all of the input, guys! I was expecting to get one or two replies if any. I won't be able to reply to everyone but I'll be sure to read them and take them into account. Thank you! + +_____ + +Throwaway account so I don't reveal anything that can be tied to me. + +Anyway, I'm a single 25 year old man with a decent full-time job. I've never lived alone, I'm currently renting at my folks'. I'm fortunate enough to be able to afford a decent apartment or mortgage with my job. After seeking advice from friends and family, I've gotten almost exactly half-and-half suggestions for either option. I was hoping to get all the input I could before I made the decision, so I'd appreciate any advice. + +I've pieced together some information regarding the decision: + +* Mortgages (altogether in my area) run from around $500-800 (the house I'm currently interested in is $650/mo FWIW) +* Property taxes are ballpark $800/year for my preferred "range" of houses +* Rent (altogether in my area) runs from around $900-1200 +* That is, a $800 mortgage would be a fairly nice house whereas a $900 rental would be a small apartment or a sketchy neighborhood. I'm willing to spend about $700-900/mo on either rent or mortgage. +* If I were to buy a house, the expenses (barring buying furniture, things breaking, emergencies, etc.) would be equal to or slightly higher than just renting an apartment. +* I have no credit. I've heard that no credit is better than bad credit, but, I've heard that in my area most landlords/realtors will take a decent job and clean record as a "replacement" unless you're after an immaculate place which I'm not. +* I don't plan on moving out of the area at all within the next five years, *maybe* within the next 10 years, and likely will after 10-15 years. In my area, you can break even or slightly profit on a house after 5 years, and almost certainly will within 10 years. +* I plan on smoking trees, so, I'd prefer a house for this reason. Medical state and I have a card, but I don't know that neighbors/landlords would respect that. Even if they do tolerate it, I don't wanna be *that guy*. +* However, I enjoy the non-commitment of an apartment. I.e, if I don't like the neighbors or landlord, I can rent someplace else or choose to buy. +* I enjoy the concept of being able to renovate and "improve" a house however I like. +I recently closed on a duplex about two weeks ago in Michigan using a conventional mortgage but with a 5% down payment (HomePossible). I was able to secure this loan because it’s an owner-occupied loan. + +A couple days after closing on the duplex, my friend points out that his company in South Carolina has been hiring a lot of people in finance. This career move would be IDEAL for me, considering the role and the future outlook within the career, compared to what I am in now. + +If I end up getting this job and having to move, will it be a problem at all with the bank and the mortgage deal I secured? I really think this is an ideal career move and I had no ideas my circumstances would change so fast after closing. +I work full time without the opportunity for overtime at $18 an hour. I have to pay >$800 a month in just daycare. Along with a $305 car payment so those are my necessities. I still live at home but I have a 1 year old son and cant stay at home forever but there's literally no way I could afford to move out with this current pay rate. + +I want to pick up a side job for nights/ weekends, but I have my son 2 weeks out of the month so I can't really swing that except on the 2 weeks I don't have him. + +Any advice? I know doordash..etc exist but I drive 500+ miles a week in my personal car for work already so it's really not a smart option + +Edit: so I'm only a month into my current job maybe that's a good point to put out there. I work at a good company and I love my job. It's just starting at 18 and hopefully can go up significantly + +Edit 2: my job pays for my gas +I got a windfall from an IPO. When talking to my CPA they suggested to get a financial advistor/wealth manager. + +Bogleheads suggest creating a simple portfolio and avoid paying \~1% AUM fee. I interviewed a few advisors and they keep pushing weird stuff like private equity or other alternatives I am not interested in. My situation is pretty simple (married, no kids, no plans to get them any time soon, etc), so I have a hard time justifying paying for a wealth manager in long term. But in short term it seems useful to be able to review my portfolio with someone competent, make sure I don't mess up getting out of company stock, etc. + +How many of you use a wealth manager vs just invest in index funds with portfolio over a few million? How did you get started with large investments? +If you bought at the wrong time in 2009, there would have been zero capital appreciation even in 2019. Yea you would have earned a 3% dividend but that's nothing compared to the market return. + +Why is anyone even touching this company? The future of oil is not going to get any better. +I purchased an old house that needed a lot more work doing to it than I first thought.. at maybe the worst time to buy a house (crazy house prices, increasing cost of living etc). Just wanting some reassurance that it’s not all bad, and things will get better.. +Just need to vent a little...A couple of friends and I go to visit a certain shelter every month to volunteer. We love it, we love the people there, and it's super fulfilling in a number of ways. The shelter isn't too bus-accessible (in a suburb-ish area) and we can't get there via train. + +Usually Friend A is nice enough to drive us but was unable to this month due to other plans. Friend B reached out to me asking where we would meet to get there. Tbh, I was originally planning to go alone and meet everyone at the shelter, but I love the company I'd be with, figured I didn't mind doing a favor, and knew it wouldn't go over the $15 I had budgeted for transportation until next paycheck. + +I ask Friend B if they'd be ready by the time I got there, and they said yes. So I booked a lyft to our meeting place as stop #1 and added the shelter as stop #2. I let my friend know the exact time I would be there. The Lyft arrived at the meeting place two minutes late, no biggie. Called the friend, texted, texted again, texted a third time - all no answer. *Eleven* minutes later my friend comes out the door and we're on our way. Friend says that they misunderstood the messages I sent, and was eating inside. That's fine, but my ride cost me $19, and I may literally have to break open a piggy bank so my account doesn't bounce... + +Have you ever had a time where going the extra mile for someone put you in a bad spot although you were willing to do it? +Welcome to the /r/CryptoMarkets Daily Discussion thread. The thread guidelines are as follows: + + *** + + The thread guidelines are as follows: + + - Discussion topics include, but are not limited to, events of the day, technical analysis, and minor questions. + - Breaking news or other important content should be submitted as a separate post. + - Cryptocurrency discussion not related to trading should be referred to the r/CryptoCurrency general discussion thread, [see here](https://www.reddit.com/r/CryptoCurrency/comments/62teju/monthly_general_discussion_april_01_2017/). + - Follow the golden rule and be excellent to each other. + + *** + + Resources and Tools: + + * Consider joining one of the r/CryptoMarkets chat groups, [see here](https://goo.gl/qnZ1mj). + * If you are using RES, please click the subscribe button below to be notified when new comments are posted. + * To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + + *** + + Thank you in advance for your participation. Enjoy! +Link: [https://decrypt.co/51846/crypto-exchange-coinbase-going-public-ipo](https://decrypt.co/51846/crypto-exchange-coinbase-going-public-ipo) +Tweet: [https://twitter.com/coinbase/status/1339644445457752064](https://twitter.com/coinbase/status/1339644445457752064) +Folks who are always bearish, where on earth do you keep your money? + +I've doing this for a long time (since 90s) and certainly have seen rough stretches. In fact, I was a derivatives trader at RBC during the dot.com implosion. But on a whole, I've never left the market and have been very well rewarded for it. Thoughout that time, there has been constant gloom and doom right in the face of objective evidence that the market always tends upwards due to technology, globalization and increasing market participation. All my assets are split between investment properties and equities. In the two decades I've been investing, I was told every single year that I was going to lose it all. I'm 46 now. Fully retired all thanks to the stock market and real estate market. I still trade, holding only 8 positions. The rental income from multiple properties is well north of what my family requires each year. + +Folks who are constantly saying the stock market and real estate market is going crash, where do you put your money while you're waiting for this to happen? + +Edit: didn't mean for this to come off snarky. Investing is about the next best alternative. What is the next best alternative for folks who think the capital markets or real estate markets are going to crash? Where has your money been sitting all these years? +There are a TON of accounts created within the last 48 hours posting about AMC and Nokia. They are literally trying to create new social trends to divert funds away from GME. + +I'm completely guessing here. But the lack of age in the NOK and AMC posts is a FACT. I just reported several as spam. + +Disclosure: I am long GME. Fuck the funds. Not financial advice, this post is a statement of fact about the account age of recent NOK and AMC spam in this sub. + +Edit: tons of comments here so if you're seeing this here is the advice I have. This is not financial advice, it's standard Reddit advice. + +**When evaluating a post, go to that users profile page. Their actual profile page, click on their name you dolt don't just hover over it. Ok you made it. How many posts do they have, how many comments? How long have they been a redditor?** + +**If less than a weej, it's a bot. If posting about the same single thing in a spammy parlance, it's a bot. 3-6 months? Maybe a bot. hard to say. 6+ months? Not a bot, probably just a retard.** +Today is my birthday. I am 28. What advice would you give your 28-year-old self? Do you have any regrets? What would you have done differently? I am asking because I know that there is a lot I am unaware of in terms of finance and life knowledge. And I know that when I am 35 I will look back at 28-year-old me and wish I would have done lots different. +I am fed up with Coindesk's propaganda/shills/lies articles... **But, I can choose not to read them** + +Fine. + +But now I am again dissapointed with you and the way you envision cryptospace: + +**I am not saying you should only accept crypto for payments of your tickets but that you don't even offer the option to pay in crypto es embarrassing for a conference of this size and an organizer of your size.** + + +I’m a reformed WSB Degenerate. Tired of losing on buying call options. Going to start selling puts and see how it goes. I want to document the journey and thought I’d might as well share it here for anyone curious about theta gang, especially because I plan to wheel TQQQ. + +I’ve seen a lot of mixed opinions on wheeling TQQQ but everyone agrees, it’s risky. The plan is to sell weeklies to reduce the chance of a negative macro event nuking the market while I’m holding a weekly instead of being hand cuffed for 30-45 days. If times are uncertain, I’ll probably skip that week. As far as delta, I’m still unsure. I’m thinking around .15 but we’ll see. + +I’m waiting on my 15k to deposit into Robinhood, should be available by 10/21. But today my journey officially started. I got my toes wet with a simple position before I put in some serious money. + +**10/16/2020** + +APHA 4.50p 10/23 (x2) +Premium: $16 +Assignment: TBD + +See you next week boys. +Hello redditors, I'm very interested in studying Econ at university (I'm currently doing my A-Levels in the UK, much like the last two years of High School in America I imagine) either on its own or in combination with Philosophy or as PPE at Oxford (I can always dream eh?) and I'd if I could, I'd like some help: + +Where did you study, what was the course like? Did you combine it with anything in particular, either for personal interest or as a compliment to the course? How did you plan on using your degree and how did you end up using it? + +I'm really just looking for some advice outside of my school's career advisers (not that they aren't good at their job) from people who were in my position and what they wish they'd been told. + + + +Thanks :) + +EDIT: Wow, I went to bed after the first couple of comments and waking up this morning saw many more. Almost 24 hours after asking the /r/econ collective I have 110 comments to wade through - Thank you all for your contribution I look forward to reading :) +https://reut.rs/2AUTAel + +(Reuters) - Index funds now control half the U.S. stock mutual fund market, giving the biggest funds enormous power to influence decisions and demand better returns at the companies in which they invest trillions of dollars. + +But the leading U.S. index fund firms, BlackRock Inc, Vanguard Group and State Street Corp, rarely use that clout. Instead, they overwhelmingly support the decisions and pay packages of executives at the companies in their portfolios, including the worst performers, according to a Reuters analysis of their shareholder-voting records. +I really wanna know if there is like a website or group that I can go to that I can learn to balance a checking account, budget, savings, etc. My mom really doesn't have time to explain all of this to me and there aren't any classes that I can take in my school to learn about this stuff until senior. I also want to start investing as soon as possible. So any information that you have would be amazing. + +EDIT: Thanks for all the responses this is gonna save me a lot of headaches later on. +So as the title states, I'm in a real bad situation at the moment. + +The fines started in march and I've been working down there pretty much every day Monday to Friday. + +I've just paid a recovery agency (cdar) over £800 for some that obviously went to the recovery stage. + +During the time of the charges, I was going through a lot of depression/anxiety mainly money related. I'm a self employed auto electrician and the guy who I subcontract through took my work van off me which was ulez compliant and I had to use my own van. I had to go to work to be able to carry on paying off my loans (one of them being a business loan that I had to take during lockdown as I wasn't self employed for long enough to receive the grants) and help my mum fund the house we live in. + +I was also dealing with a bad breakup and my personal van needed a new engine which is why I'm now skint. + +A lot of the charges are at an increased rate some of them are £240, some are at £160 and the rest are at £80. + +I shouldn't have let it build up but my anxiety was that bad around anything financial that when I got home on a Friday night I just tried to shut it out, because I knew I couldn't pay £62.50pw + fuel, + hotel &food at that time and it's left me worse off of course. 🤦🏼‍♂️ + +Is there anyone I can speak to to try and get the higher fines down to a more reasonable rate? The woman on the phone said you can pay it over a maximum of 12 months but obviously that is going to be over £400pm that I simply don't think I have right now. + +I understand that I've done wrong, so please don't be too harsh in the comments. I just don't understand how £12.50 charge can turn into £249. Especially at a time that we live in these days you'd like to think they would be a little more considerate. + +The worst part is, since my engine has been changed, it's now petrol and should be ulez compliant, but the paperwork is that crappy to get through to even get the logbook changed and get the ok off TFL I wouldn't be surprised if it hasn't even been looked at yet. +I have 2 cars. A 2015 Honda Accord with $4000 left to pay, and a 2018 Kia Sportage that I bought a few months ago with $17000 left to pay (5 year loan); both with interest rates of 2.12%. I bought the Kia for my fiance because she just had our first baby 6 months ago, and thought she was ready to work. But with my Mon to Fri 9-6 work schedule, it's very hard for her to find something that isn't during those hours, and with COVID we don't want babysitters watching our son. But now I'm thinking, if both of us will never work at the same time, do we really need 2 cars? +I make $75,000 so money is not an issue, but I want to save for a house. I am thinking about selling the Honda and keeping the Kia, since it's an SUV and we need the space especially since we have a large dog. +One of the reasons she wanted a second car was so if there's an emergency, she can use it. But it's been 5 months of owning the second car, and we have never used both cars at the same time. I work 15 min away, and we live in Orange County, CA so any hospital or whatever you need is within 10-15 min. + +EDIT: +Actually I ended up selling the Honda for $11300. Payed off the remaining $4200 and the rest will go into the Kia loan. I talked to my fiance and she agreed that that was the best idea. It feels much better to go from $22K debt to only 11K debt! +Title says it. According to Citi, one of their traders caused a transaction error which they discovered soon after. It caused Scandinavian indices to plummet as much as 8% in a matter of minutes. Such errors are called fat-finger errors; a typo. Flash crashes like these make me wonder how much money banks trade with on a daily basis. + +Source: https://www.theguardian.com/business/2022/may/03/citigroup-trader-error-flash-crash-markets-falls +Hi guys, + +I want to start financial planning to save for future so i can afford to have a family and afford some luxuries in life (later on) but, there is SO MUCH Info out there i just dont know where to start! + +is anyone willing to share their financial plan and how they stuck to it? problems they had? stuff they wish they knew too perhaps? + +Any help would be greatly appreciated :) +I draw with space crayons. I swing trade on steroids and it makes me enough money to fuck your wife - which costs less than you think. + +So listen up. Follow along and I’ll tell you a tale of how this OG meme will make you rich in a few days. https://imgur.com/a/FP8foPf + +BOOM pro is a script made by this guy. And he fucks. Hard: https://www.tradingview.com/u/veryfid/ + +MACD and RSI you should know, if not, wait for Cramer to tell you about it on CNBC ya boomer. + +The sequence to look for with GME is: + +* The Boom Pro Signal line (the WHITE line amongst the agglomeration of Center of Gravity a.k.a COG oscillators) finds a bottom after a high point. + +* The Red COG cloud establishes an uptrend. + +* The signal line finds resistance (red line) in it’s first top after the red cloud has established it’s uptrend. (YELLOW circles) + +* When the signal line breaks the resistance (red line) the rocket is launching (GREEN vertical line) + +* This is confirmed by MACD, RSI, and a stochastic pop indicator made by another guy who fucks: https://www.tradingview.com/u/ChrisMoody/ + +As you can see this is a leading indicator strategy with multiple confirms, with a high success rate for GME. + +I’m going to sell a kidney tonight to buy $5K worth of call spreads Feb 18 at open 110C/140C. See you in the Casino degenerates. + +Edit* formatting and expiration +I was thinking about this the other day and I thought I'll ask you, just interested in your opinions. + +Post what your choice is in the comments, I will read all of them. + +Bitcoin is the daddy of crypto and is the most likely to be around in 5-10 years but ETH and ADA have smaller market caps so more room to grow. + +I would personally choose ETH as it can still 2x or 3x in the next few years whereas BTC may not even 2x. + +Anyway thanks for reading and I wish you all lot's of success in all your investments. +Im thinking of investing with a hard money lender. If I put in 100k he returns 10% paid out each month . My household income is around 450k w2. Since this is an interest return on investment I essentially pay 35% taxes on the 10k I’d earn on that investment each year. Turning the 10% into a 6.5% return correct ? +Following my series of deep research/analysis of new ICO’s I stumbled upon Verify which according to my stats (telegram members count etc.) was getting more and more attention.I looked into it and decided to write a post with a summary of what I could find, and possibly give /ethtraders a bit of an advantage since the token is being released today. + +Website: [https://verify.as](https://verify.as) + +**What is Verify** + +“Ethereum powered reputation platform for Commerce” states their website. Let me translate that. It is a blockchain-based reputation protocol, a crypto PayPal. For technical details and long term vision beyond “crypto Paypal” check out the White Paper. As I normally do, here I wanted to focus on how I see Verify from an investor’s perspective: + +**Unique advantages** + +* The tokensale has been concluded in the presale and was sold-out within less than 2 hours.(Tokens are released today and will be traded on EtherDelta) +* Unlike its crypto competitors, Verify’s market cap is not in the double digit millions, it sits right at **$2.5M** which means that it would hit 8.4x as soon as it overtakes Monetha’s current market cap ($21M). As a side note, Monetha’s market cap rose to about $80M at one point which would mean a 32x for Verify. The average cap among its competitors is $36.6m. (Just for your information, PayPal’s market cap is at $87.6B, for those who love to hodl) +* Strong team (including academics amongst the advisors) +* Smart approach to the payment trust problem +* Verify was recently mentioned in a Forbes article about Fintech in the Middle East: +>“Thanks to this belief, new fintech startups are popping up every month, with some embracing emerging technologies such as blockchain. Newly-launched Dubai-based Verify is one such startup. “There’s a unanimous agreement that blockchain is going to have a massive impact on the fintech space. The technology is trustworthy and allows transactions without any risk to either party,” says Yazin Alirhayim, co-founder of Verify.”Source: [forbes.com](https://www.forbes.com/sites/suparnadutt/2017/12/11/fintech-in-mena-at-tipping-point-as-regulators-and-governments-start-taking-it-seriously/) + +**My personal reasons why I like Verify** + +In my eyes, Utrust lacks a concept of exchanging tokens into fiat which is crucial for a payment protocol that seeks early adoption. Verify offers not only that, but is also far ahead in terms of implementation. Additionally, even before the ICO was even concluded, the team was able to announce a partnership with EAT (https://eatapp.co) the Open Table of the Middle East. +(for a more detailed comparison of Verify and it’s competitors check this medium post: https://medium.com/@verify.as/so-hows-verify-different-than-a4c09a40909b) + +Another argument for the huge potential of Verify is that **Cindicator’s hybrid intelligence system placed Verify in first place of ICOs with the maximum expected growth** until March 2018. +https://medium.com/@Cindicator/analytical-products-first-insights-e541b415c133 + +**More info on the team**. + +**Yazin Alirhayim**, the CEO of Verify, was most recently a VP at Amazon’s Payfort Start when they acquired his start-up *White* (a competitor to Stripe). Before that, he was the Global Finance Leader at General Electric. Obviously no one knows who will Amazon partner up with in the end, however, Verify probably stands one of the best chances in the industry right now since they have direct ties. I basically regard *White* as a prototype to Verify, as it is also a crypto-compatible payment service. +**Omar Kassi**, one of the advisors, previously founded, grew and exited JadoPado, one of the Middle East's pioneering eCommerce marketplaces. JadoPado was acquired by Noon, a billion dollar company founded by real-estate mogul and billionaire Mohammed Alabbar. Omar is currently the CEO and Founder of Esanjo, a business that creates, builds and invests in beautiful technology businesses. +Another interesting team member is Moussa Beidas, who is also CEO and cofounder of Bridg and has already made customer experiences with i.e. Google Fibre and Microsoft. Moussa knows how to deal with corporations, as he ran a startup before so he knows what stakeholders and VCs want. +Most recently Yazin was also able to add **Mike Bailey** to the team. Mike Bailey is a Senior Economic Research Scientist at Facebook and manages the News Feed Science team. His research analyzes the interaction of social networks on people's economic decisions and the importance of social interactions in understanding the economy. Prior to Facebook, Mike earned a Ph.D. in Economics from Stanford university. A Stanford graduate wouldn’t need to join any crypto start up for the money, especially not with a career like Mike’s. + +**Final remarks** + +I have seen many ICOs failing to meet its initial expectations due to the team’s inability to either deliver results fast enough or to negotiate with exchanges efficiently. From what I’ve observed over the last few weeks, I can tell that Yazin has the ability to channel the right amount of aggressive strategy and charisma. He is also in a close exchange with the Verify community actively responding in their telegram and engaging in discussions. + +Please do your own due diligence and if you find red flags, please let me know as well, this is all just my own opinion/my own research. + +Good Saturday afternoon to all of you here on r/StockMarket. I hope everyone on this sub made out pretty nicely in the market this past week, and is ready for the new trading week ahead. + +Here is everything you need to know to get you ready for the trading week beginning March 23rd, 2020. + +# **Another harrowing week looms for markets as US economy shuts down and virus spreads - [(Source)](https://www.cnbc.com/2020/03/20/another-harrowing-week-looms-for-markets-as-us-economy-shuts-down-and-virus-spreads.html)** +***** +> Markets face more violent swings in the coming week as investors watch out for a rising number of coronavirus cases and new data that could show how the virus is slamming the U.S. economy. +***** +> The past week was brutal for stock investors with the Dow Jones Industrial Average posting a 17.3% decline, its worst week since October 2008. But it was the stressed-out credit markets that were at the vortex of pain with a standstill in corporate paper and spreads widening in all areas, from corporates to mortgages. +***** +> As economists looked for an even sharper economic downturn from the impact of social distancing, the Federal Reserve in the past week continued to fire away with new programs and liquidity to grease the wheels of nervous markets. By Friday, the dollar stopped its surge, and the Treasury market was a little calmer, with the benchmark 10-year yields sliding under 1% after a wild ride higher earlier in the week. +***** +> “The Fed is buying about $70 billion in off-the-run Treasurys today. That brings their total purchases this week to $300 billion,” said Patrick Leary, chief market strategist at Incapital, on Friday. ”$160 billion was the highest we saw in any week during the financial crisis.” +***** +> # Sharp recession +> In the week ahead, there is fresh data on manufacturing and the service sector when Markit releases its flash Purchasing Manager Indexes for manufacturing and services on Tuesday. +***** +> Consumer sentiment will be important when it is released Friday, but the big tell for the economy will be unemployment claims on Thursday, which are expected to show the impact of massive layoffs at restaurants, stores and other businesses that were forced to close or reduce activity to prevent the spread of the virus. +***** +> Claims rose by 33% in the past week to 281,000, an unprecedented jump outside of times of natural disasters like hurricanes. Some strategists say the claims could easily jump to 1 million or more. +***** +> “We’re going to start to see the magnitude of the coronavirus impact on the economy. We already started to see some of it in the weekly claims and now we’re going to get a clearer picture,” said Michael Arone, chief investment strategist at State Street Global Advisors. Arone said he’s watching the PMI data. “This data is going to inform us how bad it could get, give us some guidance, some rough rules of the road. Right now, it’s sell first, ask questions later.” +***** +> Economists increasingly expect a very sharp but quick recession, starting now. Goldman Sachs economists expect a shocking 24% contraction in second quarter gross domestic product after a 6% decline in the first quarter. The economists expect unemployment to shoot up to 9% from 3.5%, but they see a rebound with growth at 12% in the third quarter. +***** +> “I expect that we’ll see abnormal volatility in markets until we begin to see that infection curve flatten, or we see some type of health remedy, vaccine or some solution. I don’t think we’re going to see that in the next few weeks at least,” said Arone. As of Friday, there were about 14,200 cases of the virus in the U.S. +***** +> # More Fed Artillery +> Leary and others believe there is more room for the Fed to expand its arsenal, and that could include corporate debt purchases. Investment grade corporate debt funds and exchange traded funds saw record outflows of nearly $44 billion in the last week, according to Bank of America. +***** +> The Fed has already slashed interest rates to zero, added $1 trillion in daily repo operations, and created facilities to help commercial paper, money markets and municipal debt. The dollar has rocketed higher since March 9, and the Fed also expanded swap lines with other central banks, which helped stop the dollar’s run on Friday. +***** +> As the world’s reserve currency, companies, investors, banks and other institutions worldwide are looking to raise cash and they want it in dollars, the safest, most liquid currency. That rapid move to cash put a strain on the foreign exchange market, and sent the dollar higher and other currencies sharply lower. +***** +> “I think the market is going to be looking for indications that there’s some sort of stabilization, or maybe even a hint of stabilization and that policy makers are taking the right action. I think we’re not yet at that cathartic moment of peak pessimism,” said Ben Randol, foreign exchange strategist at Bank of America. “I’m watching what’s going to happen over the weekend because some pretty big numbers [of new virus cases] could come out, not just in the U.S. but in other countries.” +***** +> # ‘Liquidity infinity’ +> Strategists say it would not be surprising to see more Fed policy moves next week, and a big fiscal stimulus package is expected to come up in Congress on Monday, to ease the impact of job losses on individuals and help companies weather the downturn. +***** +> John Briggs, head of strategy at NatWest Markets, said the bond market responded to the Fed’s actions to make more dollars available, seeming to slow the sale of Treasurys by those parties looking to raise cash. “Things are settling into ranges Friday afternoon, because we can’t take it anymore,” he said. +***** +> “The amount of policy thrown at this market was staggering ... Liquidity infiinity is what I’m calling it,” he said. “By the weekend, the whole country is literally going to be shut . You have claims at state unemployment offices skyrocketing. What’s the good news over the weekend? That they’re going to pass this bill? That’s already in the price.” +***** + +# **This past week saw the following moves in the S&P:** +###### **([CLICK HERE FOR THE FULL S&P TREE MAP FOR THE PAST WEEK!](https://i.imgur.com/dk1sp8x.png))** + +# **Major Indices for this past week:** +###### **([CLICK HERE FOR THE MAJOR INDICES FOR THE PAST WEEK!](https://i.imgur.com/wWQf6mH.png))** + +# **Major Futures Markets as of Friday's close:** +###### **([CLICK HERE FOR THE MAJOR FUTURES INDICES AS OF FRIDAY!](https://i.imgur.com/wFeS0Wl.png))** + +# **Economic Calendar for the Week Ahead:** +###### **([CLICK HERE FOR THE FULL ECONOMIC CALENDAR FOR THE WEEK AHEAD!](https://i.imgur.com/8KStTCM.png))** + +# **Sector Performance WTD, MTD, YTD:** +###### **([CLICK HERE FOR FRIDAY'S PERFORMANCE!](http://elite.finviz.com/grp_image.ashx?bar_sector_t.png&rev=636115211971930604))** +###### **([CLICK HERE FOR THE WEEK-TO-DATE PERFORMANCE!](http://elite.finviz.com/grp_image.ashx?bar_sector_w.png&rev=636115211971930604))** +###### **([CLICK HERE FOR THE MONTH-TO-DATE PERFORMANCE!](http://elite.finviz.com/grp_image.ashx?bar_sector_m.png&rev=636115211971930604))** +###### **([CLICK HERE FOR THE 3-MONTH PERFORMANCE!](http://elite.finviz.com/grp_image.ashx?bar_sector_q.png&rev=636115211971930604))** +###### **([CLICK HERE FOR THE YEAR-TO-DATE PERFORMANCE!](http://elite.finviz.com/grp_image.ashx?bar_sector_ytd.png&rev=636115211971930604))** +###### **([CLICK HERE FOR THE 52-WEEK PERFORMANCE!](http://elite.finviz.com/grp_image.ashx?bar_sector_y.png&rev=636115211971930604))** + +# **Percentage Changes for the Major Indices, WTD, MTD, QTD, YTD as of Friday's close:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/BaOFyrX.png))** + +# **S&P Sectors for the Past Week:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/wSJc4XK.png))** + +# **Major Indices Pullback/Correction Levels as of Friday's close:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/Uu8KEZz.png)** + +# **Major Indices Rally Levels as of Friday's close:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/NAgyg9J.png))** + +# **Most Anticipated Earnings Releases for this week:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/K1bLbWQ.png))** + +# **Here are the upcoming IPO's for this week:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/QWK8jnB.png))** + +# **Friday's Stock Analyst Upgrades & Downgrades:** +###### **([CLICK HERE FOR THE CHART LINK #1!](https://i.imgur.com/LJgR6Qi.png))** +###### **([CLICK HERE FOR THE CHART LINK #2!](https://i.imgur.com/3ihOUVn.png))** +###### **([CLICK HERE FOR THE CHART LINK #3!](https://i.imgur.com/LM2t3xD.png))** +###### **([CLICK HERE FOR THE CHART LINK #4!](https://i.imgur.com/0OcCxG9.png))** + +***** + +# How Markets Bottom + +> With US equities firmly in a bear market, even the most long-term investors are now looking ahead to when the selling may stop and where the S&P 500 Index might ultimately bottom. “Nobody knows exactly how this market bottom will play out,” said LPL Financial Senior Market Strategist Ryan Detrick. “However, using history as guide, we know markets tend to retest or even slightly break previous lows.” + +> We took a look at how markets have bottomed for two previous bear markets that show similarities to the current sell-off, in terms of speed and magnitude. As shown in the chart below, following Black Monday, the largest single-day decline in the history of the S&P 500, the index rebounded modestly, before undercutting its lows about six weeks later. However, a look at the bottom panel shows that the momentum, or speed, of that move was significantly less extreme and markets went on to rally, ultimately eclipsing the 1987 peak less than two years later. + +> ###### **([CLICK HERE FOR THE CHART!](https://i0.wp.com/lplresearch.com/wp-content/uploads/2020/03/Technical-1.png?ssl=1))** + +> The 2008-2009 financial crisis tells a similar story. While the S&P 500 Index didn’t ultimately reach its low until March 2009, most stocks actually bottomed during the fall 2008, following the collapse of Lehman Brothers. Even though the S&P 500 undercut the October lows by a full 10%, this divergence, similar to the momentum observed in 1987, shows that things were improving under the surface even if the price of the index didn’t yet reflect it. + +> ###### **([CLICK HERE FOR THE CHART!](https://i2.wp.com/lplresearch.com/wp-content/uploads/2020/03/Technical-2.png?ssl=1))** + +> It may be too early to say that the initial leg of our current decline is done, but certainly we have seen extreme fear and a historic decline in markets. One positive—the S&P 500 has yet to close below its December 2018 lows. Soon it may be time to start hunting for signs of a bottom. + +***** + +# Stocks Approach 2009 Valuations vs. Bonds + +> We rolled out our Road to Recovery Playbook at the start of the week to help investors gauge where the market is in its bottoming process. The first and most important piece of that playbook—visibility into a peak in new COVID-19 cases—remains elusive, but we hope to have a clearer picture with the next couple of weeks as containment efforts have more time to work. We continue to monitor cases daily and plan to update you on that progress regularly during this crisis. + +> We’re getting closer to checking off the other four boxes. We would just like to see a bit more economic data consistent with recession—almost surely coming soon—and to get more clarity on the timing, size, and nature of the policy response before checking off those two boxes on our list. The technical analysis and sentiment box was checked last week—the amount of bearishness among investors is near the levels of prior bear market lows. + +> The last box—markets pricing in recession—was also checked last week based on the magnitude of the sell-off. The nearly 30% drop in the S&P 500 Index from the February 19 high is close to the average peak-to-trough decline in recessions at about 35%. + +> Another way to show a recession is priced in and stocks may be near their ultimate bottom is by valuing stocks relative to bonds, sometimes called the equity risk premium (ERP), which we show in the LPL Chart of the Day. + +> “Stocks are now historically cheap by most measures after this selloff,” noted LPL Chief Investment Officer Burt White. “When comparing stock valuations to bond yields, we are approaching levels only seen during some of the worst bear markets over the past 50 years.” + +> The equity risk premium compares the earnings yield on the S&P 500 (the inverse of the price-to-earnings ratio) to the 10-year US Treasury yield. That number as of March 18 was 4.9%, well above the long-term average of 0.8% (it was higher on March 16 when the 10-year Treasury yield was 0.73% rather than 1.18%). That compares to historical peaks between 6 and 7% in 1974 and shortly after the financial crisis. + +> The bottom line is that if this trend holds equity investors could be well compensated over time for the risks they are taking now. + +> ###### **([CLICK HERE FOR THE CHART!](https://i0.wp.com/lplresearch.com/wp-content/uploads/2020/03/ERP-blog-chart-3-19-20-revised-disclosure-v2.png?ssl=1))** + +> We know it’s tough to see the other side of this crisis right now, and the volatility is unnerving for all of us. But historically, investors who owned stocks at these valuations have been rewarded over time. We think this time will be no different. + +***** + +# How Quickly Can Stocks Recover From COVID-19? + +> The market volatility continues, as the S&P 500 Index has closed either up or down 4% or more for a record 7 consecutive days. With the S&P 500 Index down 30% from the highs, it has officially moved into a bear market. Yesterday, we took a look at how stocks did after the lows of major corrections formed, and today we’ll take another angle on this. + +> We do not know if down 30% is the lows; in fact, it probably isn’t. The good news is we feel we are getting close to a major low. How quickly could stocks regain their February 19 highs? “Historically we’ve found that some of the quickest market sell-offs can lead to some of the fastest recoveries,” explained LPL Senior Market Strategist Ryan Detrick. “That’s the good news. The bad news is if the economy falls into a recession, it can take longer.” + +> As the LPL Chart of the Day shows, there have been 14 previous bear markets since 1950, and it took an average of 20 months from the bear market lows to recover the losses*. Taking this a step further, when the economy avoided a recession, the recovery took only 10 months, versus 30 months for a recession, although a lot of that is because bear markets accompanied by recessions are typically deeper. Last, the last three bear markets that avoided a recession recovered the gains in 3 months, 4 months, and 4 months after the ultimate bear lows were made. + +> ###### **([CLICK HERE FOR THE CHART!](https://i1.wp.com/lplresearch.com/wp-content/uploads/2020/03/3-18-20-Bear-mkt-recoveries-5.png?ssl=1))** + +***** + +# Looking To The Other Side of The Bear + +> The indiscriminate selling continued yesterday, with one of the worst days in stock market history. Fears over the potential impact of COVID-19 (coronavirus) have led to one of the steepest sell-offs in history, rivaling what we saw in 1962 and 1987. + +> With the S&P 500 Index down 30% from the all-time highs set less than a month ago on February 19, it is quite clear the stock market is voting on a significant economic slowdown over the coming months. Historically, during bear markets we have found that stocks pulled back 37% on average during a recession and 24% on average if a recession is avoided. With stocks currently down right near the middle of this, the economy could be about a coin flip to going into a recession or not. We discuss this idea and more in our latest LPL Market Signals Podcast. + +> What happens next? “Clearly no one knows how bad things could get and when stocks will ultimately bottom, but we feel we are getting close,” explained LPL Senior Market Strategist Ryan Detrick. “The good news is a year after previous market corrections end, as scary as they all felt at the time, stock performance has historically been quite strong, higher more than 90% of the time.” + +> As shown in the LPL Chart of the Day, since 1980, there have been 31 other 10% corrections or more for the S&P 500, according to data from our friends at Ned Davis Research. We’d like to stress, we don’t know when this weakness will end, but if we are close, the average return after a correction ends has been more than 23% on average and higher more than 90% of the time. + +> ###### **([CLICK HERE FOR THE CHART!](https://i0.wp.com/lplresearch.com/wp-content/uploads/2020/03/Stocks-3.17.png?ssl=1))** + +***** + +# COVID-19 Collapse vs. Other Major Downturns + +> Even though equities rose today, the S&P 500 still remains over 28% off of the 2/19 high. As of yesterday's close, only twenty days after the S&P 500's peak, the index was down nearly 32% from that high. Below is a look at the current selloff from its high versus prior big selloffs since 1928. We all know about the 1929 and 1987 market crashes, but this one has even those beat in terms of the time it took to fall this much. And the two major peaks and subsequent bear markets of the 21st century both took basically a year to fall the same amount that we've fallen in just 20 trading days this time. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2020/03/Image-38.png))** + +***** + +# Oil Slippery + +> Like a flopping wet fish, it's been incredibly hard to get a hold on an accurate price of crude oil this week. With a gain of 22.2% so far today, WTI is experiencing its largest one-day gain on record (dating back to 1983). The next closest largest one-day gain was in December 2008 when crude rallied 17.8%. While today's gain is impressive, keep in mind that it followed yesterday's decline of 24.4% which ranks as the third-largest one-day decline on record and last week's 24.6% decline on March 9th. In fact, three of the four largest one-day percentage moves in WTI have all come in the last two weeks! + +> While a big gain in any asset class always leads to questions over whether it is the start of a new run higher, we would caution that following the prior nine largest one-day gains on record, crude oil's median change over the next week was a decline of 4.4%. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2020/03/031920-WTI.png))** + +***** + +# Russell 2000's Third Largest Drawdown on Record + +> While US large cap stocks are right around 30% from their record highs a month ago, the carnage in small caps has been even more severe. While the Russell 2000 never quite made a new high this year along with the broader market, it got pretty close. Like the rest of the market, though, it has been crushed. As of yesterday's close, the Russell 2000 was 43.1% below its all-time high which ranks as the third-largest decline from a record high. The only two periods where the Russell saw a larger decline were in October 2002 when the drawdown reached 46.1% and then in March 2009 when the selling finally stopped at 59.9% on March 9, 2009. Now, if the Russell 2000 were to match either of those prior two periods in terms of magnitude, it would have to fall an additional 4.3% to match the decline of October 2002 or 28.9% to match the decline of March 2009. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2020/03/031920-Russell-200.png))** + +***** + +# The Buck's Bounce + +> In the currency space, the US dollar has certainly not been immune from recent market volatility. The dollar index peaked on February 20th, just one day after the S&P 500 had reached its all time highs. That was the dollar's highest level since April of 2017. Over the following days, the dollar would go on to fall roughly 5% to its low on March 9th. In the time since then, it has more than recovered those losses, rising over 6% and is once again back up to its highest levels since 2017. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2020/03/031820-.png))** + +> This string of volatility for the greenback is rare. As of today, the dollar is up 4.26% over the past ten days. But just back on the ninth (the recent low) it had been lower by 4.12% over the prior ten days. The last time that there was both a 10-day change up and down of at least 4% in the span of just ten days was back in October of 2008. Going back through the index's history since the early 1970s, there have been a total of 15 days (including that 2008 and current instances) in which such swings can be observed; shown by the red dots in the chart below. Prior to 2008, the only other times the dollar was as volatile by this measure was in the 1980s and late 1970s. So with regards to more recent history, it is even more unprecedented. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2020/03/031820-10-Day-Change.png))** + +> In terms of daily changes, the dollar has also been very volatile. Over the past ten days, the currency has averaged a daily change (positive or negative) of just over 1% which is rare going back through history. Again this is the most volatile the dollar has been since the financial crisis, though at that time, the daily swings were larger on average; reaching 1.35% at the high. Prior to 2008, the only other times the average daily change was over 1% was in the early 1990s, mid-1980s, and late 1970s. As with 2008, those past times were slightly more volatile than the current moment. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2020/03/031820-10-abs-Day-Change.png))** + +***** + +# **STOCK MARKET VIDEO: Stock Market Analysis Video for Week Ending March 20th, 2020** +###### **([CLICK HERE FOR THE YOUTUBE VIDEO!](https://www.youtube.com/watch?v=uoOzzG6Qk28))** + +# **STOCK MARKET VIDEO: ShadowTrader Video Weekly 3.22.20** +###### **([CLICK HERE FOR THE YOUTUBE VIDEO!](https://www.youtube.com/watch?v=744D8neX74s))** + +***** + +Here are the most notable companies (tickers) reporting earnings in this upcoming trading week ahead- + +***** + +> * **$MU** +> * **$LULU** +> * **$NKE** +> * **$PAYS** +> * **$SIG** +> * **$PAYX** +> * **$GME** +> * **$ONTX** +> * **$CSIQ** +> * **$JT** +> * **$INFO** +> * **$GO** +> * **$WGO** +> * **$LX** +> * **$SCVL** +> * **$SNX** +> * **$HOME** +> * **$BWAY** +> * **$AEYE** +> * **$KBH** +> * **$RKDA** +> * **$FDS** +> * **$ERJ** +> * **$PRGS** +> * **$OPGN** +> * **$SCS** +> * **$NEOG** +> * **$PUMP** +> * **$HYRE** +> * **$AIR** +> * **$MYOS** +> * **$LIQT** +> * **$SAIC** +> * **$SCWX** +> * **$ESLT** +> * **$VTSI** +> * **$OCGN** +> * **$QIWI** +> * **$WOR** +> * **$TNP** +> * **$HTHT** + +***** + +###### **([CLICK HERE FOR NEXT WEEK'S MOST NOTABLE EARNINGS RELEASES!](https://i.imgur.com/K1bLbWQ.png))** +###### **([CLICK HERE FOR NEXT WEEK'S HIGHEST VOLATILITY EARNINGS RELEASES!](https://i.imgur.com/107ZeJs.png))** + +***** + +Below are some of the notable companies coming out with earnings releases this upcoming trading week ahead which includes the date/time of release & consensus estimates courtesy of Earnings Whispers: + +***** + +> # ***Monday 3.23.20 Before Market Open:*** +> ###### ([CLICK HERE FOR MONDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/NfAAUPz.png)) + + +> # ***Monday 3.23.20 After Market Close:*** +> ###### ([CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/z5JU3Mu.png)) + + +***** + +> # ***Tuesday 3.24.20 Before Market Open:*** +> ###### ([CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/gat7EsR.png)) + +> # ***Tuesday 3.24.20 After Market Close:*** +> ###### ([CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/ts5W5Ym.png)) + +***** + +> # ***Wednesday 3.25.20 Before Market Open:*** +> ###### ([CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/qJwu9pN.png)) + +> # ***Wednesday 3.25.20 After Market Close:*** +> ###### ([CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/zXXW3Uq.png)) + +***** + +> # ***Thursday 3.26.20 Before Market Open:*** +> ###### ([CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/L4hm0cl.png)) + +> # ***Thursday 3.26.20 After Market Close:*** +> ###### ([CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/ieFs9fM.png)) + +***** + +> # ***Friday 3.27.20 Before Market Open:*** +> ###### ([CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/s8zrA0y.png)) + +***** + +> # ***Friday 3.27.20 After Market Close:*** +> ###### ([CLICK HERE FOR FRIDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!]()) +NONE. + +***** + +# Micron Technology, Inc. $36.11 +> **Micron Technology, Inc. (MU)** is confirmed to report earnings at approximately 4:00 PM ET on Wednesday, March 25, 2020. The consensus earnings estimate is $0.37 per share on revenue of $4.66 billion and the Earnings Whisper ® number is $0.41 per share. Investor sentiment going into the company's earnings release has 66% expecting an earnings beat The company's guidance was for earnings of $0.29 to $0.41 per share. Consensus estimates are for earnings to decline year-over-year by 77.84% with revenue decreasing by 20.14%. Short interest has decreased by 22.7% since the company's last earnings release while the stock has drifted lower by 34.4% from its open following the earnings release to be 23.7% below its 200 day moving average of $47.35. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, March 13, 2020 there was some notable buying of 12,642 contracts of the $42.00 call expiring on Friday, April 17, 2020. Option traders are pricing in a 17.2% move on earnings and the stock has averaged a 7.9% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=MU&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# lululemon athletica inc. $165.01 +> **lululemon athletica inc. (LULU)** is confirmed to report earnings at approximately 4:05 PM ET on Thursday, March 26, 2020. The consensus earnings estimate is $2.25 per share on revenue of $1.38 billion and the Earnings Whisper ® number is $2.29 per share. Investor sentiment going into the company's earnings release has 69% expecting an earnings beat The company's guidance was for earnings of $2.10 to $2.13 per share. Consensus estimates are for year-over-year earnings growth of 21.62% with revenue increasing by 18.21%. Short interest has decreased by 50.0% since the company's last earnings release while the stock has drifted lower by 27.0% from its open following the earnings release to be 19.6% below its 200 day moving average of $205.28. Overall earnings estimates have been revised higher since the company's last earnings release. On Thursday, March 19, 2020 there was some notable buying of 1,041 contracts of the $200.00 call expiring on Friday, April 17, 2020. Option traders are pricing in a 19.9% move on earnings and the stock has averaged a 9.0% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=LULU&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# Nike Inc $67.45 +> **Nike Inc (NKE)** is confirmed to report earnings at approximately 4:15 PM ET on Tuesday, March 24, 2020. The consensus earnings estimate is $0.58 per share on revenue of $9.87 billion and the Earnings Whisper ® number is $0.63 per share. Investor sentiment going into the company's earnings release has 50% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 14.71% with revenue increasing by 2.69%. Short interest has increased by 37.8% since the company's last earnings release while the stock has drifted lower by 33.2% from its open following the earnings release to be 25.4% below its 200 day moving average of $90.36. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, March 13, 2020 there was some notable buying of 2,468 contracts of the $95.00 call expiring on Friday, June 19, 2020. Option traders are pricing in a 14.7% move on earnings and the stock has averaged a 3.5% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=NKE&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# Paysign, Inc. $4.29 +> **Paysign, Inc. (PAYS)** is confirmed to report earnings at approximately 4:00 PM ET on Wednesday, March 25, 2020. Investor sentiment going into the company's earnings release has 72% expecting an earnings beat. Short interest has increased by 10.5% since the company's last earnings release while the stock has drifted lower by 60.2% from its open following the earnings release to be 64.7% below its 200 day moving average of $12.14. The stock has averaged a 11.3% move on earnings in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=PAYS&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# Signet Jewelers Ltd $7.74 +> **Signet Jewelers Ltd (SIG)** is confirmed to report earnings at approximately 6:50 AM ET on Thursday, March 26, 2020. The consensus earnings estimate is $3.47 per share and the Earnings Whisper ® number is $3.53 per share. Investor sentiment going into the company's earnings release has 61% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 12.37% with revenue decreasing by 53.64%. Short interest has decreased by 39.4% since the company's last earnings release while the stock has drifted lower by 57.0% from its open following the earnings release to be 57.7% below its 200 day moving average of $18.30. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, February 18, 2020 there was some notable buying of 1,000 contracts of the $32.00 call expiring on Friday, January 15, 2021. The stock has averaged a 13.0% move on earnings in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=SIG&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# Paychex, Inc. $51.97 +> **Paychex, Inc. (PAYX)** is confirmed to report earnings at approximately 8:30 AM ET on Wednesday, March 25, 2020. The consensus earnings estimate is $0.95 per share on revenue of $1.14 billion and the Earnings Whisper ® number is $0.95 per share. Investor sentiment going into the company's earnings release has 79% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 6.74% with revenue increasing by 6.50%. Short interest has decreased by 18.5% since the company's last earnings release while the stock has drifted lower by 40.3% from its open following the earnings release to be 37.5% below its 200 day moving average of $83.19. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, March 19, 2020 there was some notable buying of 1,413 contracts of the $62.50 call expiring on Friday, September 18, 2020. Option traders are pricing in a 7.6% move on earnings and the stock has averaged a 1.5% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=PAYX&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# GameStop Corp. $3.76 +> **GameStop Corp. (GME)** is confirmed to report earnings at approximately 4:05 PM ET on Thursday, March 26, 2020. The consensus earnings estimate is $0.84 per share on revenue of $2.36 billion and the Earnings Whisper ® number is $0.75 per share. Investor sentiment going into the company's earnings release has 4% expecting an earnings miss. Consensus estimates are for earnings to decline year-over-year by 42.07% with revenue decreasing by 22.95%. Short interest has increased by 1.3% since the company's last earnings release while the stock has drifted lower by 28.4% from its open following the earnings release to be 23.1% below its 200 day moving average of $4.89. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, March 11, 2020 there was some notable buying of 5,970 contracts of the $8.00 call expiring on Friday, July 17, 2020. The stock has averaged a 12.0% move on earnings in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=GME&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# Onconova Therapeutics, Inc. $0.30 +> **Onconova Therapeutics, Inc. (ONTX)** is confirmed to report earnings at approximately 6:55 PM ET on Tuesday, March 24, 2020. The consensus estimate is for a loss of $0.05 per share on revenue of $70.00 thousand. Investor sentiment going into the company's earnings release has 46% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 94.12% with revenue increasing by 18.64%. Short interest has increased by 798.7% since the company's last earnings release while the stock has drifted lower by 27.4% from its open following the earnings release to be 76.4% below its 200 day moving average of $1.29. Overall earnings estimates have been revised higher since the company's last earnings release. The stock has averaged a 8.2% move on earnings in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=ONTX&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# Canadian Solar Inc $14.71 +> **Canadian Solar Inc (CSIQ)** is confirmed to report earnings at approximately 6:00 AM ET on Thursday, March 26, 2020. The consensus earnings estimate is $0.55 per share on revenue of $869.35 million and the Earnings Whisper ® number is $0.49 per share. Investor sentiment going into the company's earnings release has 63% expecting an earnings beat The company's guidance was for revenue of $850.00 million to $880.00 million. Consensus estimates are for earnings to decline year-over-year by 71.35% with revenue decreasing by 3.52%. Short interest has increased by 8.0% since the company's last earnings release while the stock has drifted lower by 9.8% from its open following the earnings release to be 28.1% below its 200 day moving average of $20.45. Overall earnings estimates have been revised higher since the company's last earnings release. On Monday, March 9, 2020 there was some notable buying of 511 contracts of the $18.00 call expiring on Friday, April 17, 2020. Option traders are pricing in a 19.9% move on earnings and the stock has averaged a 13.5% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=CSIQ&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# Jianpu Technology Inc. $1.00 +> **Jianpu Technology Inc. (JT)** is confirmed to report earnings at approximately 6:00 AM ET on Monday, March 23, 2020. The consensus earnings estimate is $0.01 per share on revenue of $157.83 million. Investor sentiment going into the company's earnings release has 44% expecting an earnings beat The company's guidance was for revenue of $34.00 million to $37.00 million. Consensus estimates are for earnings to decline year-over-year by 0.00% with revenue increasing by 46.23%. Short interest has decreased by 11.3% since the company's last earnings release while the stock has drifted lower by 35.5% from its open following the earnings release. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=JT&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# DISCUSS! + +What are you all watching for in this upcoming trading week? + +***** + +I hope you all have a wonderful weekend and a great trading week ahead r/StockMarket. +I have been learning how to trade for quite some time now, and a few days ago, some things just started to click after I started to pay close attention to market structure, and it's interaction with various timeframes. + +That moment of finally making progress after hundreds, if not thousands of hours spent, almost quitting, and even taking a break... + +And then finally making a breakthrough is probably one of the most satisfying feelings ever. + +I was wondering if you guys remember that day and have stories about it, that would inspire those still learning! + +Thanks for reading :) +By now we all should know that in Jan, Feb, and March of this year, Ryan Cohen bought 9.8% of BBBY's shares + a bunch of options and then sent the board another strongly worded letter. + +This already is kind of strange to me. Does Ryan Cohen really think Bed, Bath, and Beyond is a prime investment opportunity? Is he trying to transform BBBY in the same way he is transforming GameStop? + +I would say hell no to both. Cohen is clearly thinking 10 steps ahead of the industry. The revolution of GameStop is clearly something that he thought of a long time ago, and something that required (and still requires) the collaboration of multiple large companies to be able to successfully launch an NFT marketplace and to do whatever else they are planning. + +So why did Cohen buy these shares? And more importantly, why did he pick options with strikes as high as $60 up to $80 a share, with expirations a year out? + +Here's one important thing that I haven't seen anyone talk about: Options cannot be bought or sold in pre-market trading (except for SPY, I believe, and a few other exceptions). Although Cohen's options would have been highly profitable with the huge volatility of the stock in pre-market, he would not have been able to sell them. And since regular hours was nothing but downhill movement, I am highly confident that Cohen still holds these options. + +The options have expirations in January 2023. Now, we know that per ImmutableX's contract with GameStop, that they are certainly launching ImmutableX's gaming NFT marketplace before the end of 2022, since GameStop certainly does not want to pay out that $25M, or however large the penalty would be. So if Cohen knows the marketplaces are rolling out before 2023, the expiration dates make sense right? + +WRONG. Why would Ryan Cohen buy options now when he SHOULD know that theta decay would make these options less and less profitable as time went on? It would make much more sense to buy the options much closer to the 'event horizon'... whatever reason Cohen believes that BBBY will reach these values. + +Does Cohen believe that BBBY will triple in value within this year alone on fundamentals? Well, maybe, BBBY is very undervalued just GME was at the start of 2021. They took in $9B last year, and with a similar amount of outstanding shares as GME, their market cap at this price is just $2.16B... that's a P/S ratio less than 1. + +So there's reason for BBBY to go up, but will it? Ryan Cohen thinks so. Now, going back to the options, it would make far more sense for Cohen to buy options when it is closer to the time that he believes the stock will take off. He could have bought BBBY all last year. But he waited to buy options NOW. 2/28 and 3/1 to be exact. + +Now, when talking about these billionaires who are almost always much more in the know than we are, they have to be careful of something that we often do not have to be careful of: market manipulation. I do believe that Cohen has to be careful in how he invests in the market with his large amount of money. There's a reason that billionaries don't buy weeklies before announcing or buying certain stocks or derivatives. They'd get crushed by the SEC, who is somehow much more active when it comes to protecting their hedge fund and bank friends than retail investors and whales. Perhaps Cohen picked options with expirations a year out to not be accused of market manipulation. + +I personally think the BBBY letter, while reasonable sounding, is BS. I think it is purely cover to show that Cohen is interested in the fundamentals of the company, when this investment is really a technical play. To get BBBY to $60 or $70 a share requires to break through the same short walls that are preventing GME from running up. Cohen obviously can't buy options on his own stock, so he does the next best thing: Buy options in the next highly shorted stock. He can make bank on the short-squeeze while being protected from being accused of market manipulation. + +If you have been around awhile, you probably are aware of portfolio swaps, the derivative that is related to all the different 'meme' stocks and how they all follow similar trading patterns. SHFs and MSM and their cronies really don't want the public to understand these derivatives and how they work. Now, I don't believe that they are illegal, but is it possible that Cohen knows that these derivatives are not public enough for him to be accused of market manipulation if BBBY squeezes? Hmm, I'm not sure. But it appears that he believes that he can target a stock that is within the basket of stocks that are shorted together in tandem. + +Conclusion: Cohen's purchase of options and the strike prices they are at indicate that Cohen believes that BBBY is going to hit those strikes soon. With GME being tied to BBBY through portfolio swaps, he knows that GME squeezing will squeeze BBBY and other meme stocks as well. Cohen chose to purchase these options now, rather than later, which makes it far more likely that he believes that BBBY will squeeze sooner rather than later, due to theta decay. Cohen may just be using the malicious use of portfolio swaps against SHFs to make another few billion when Cohen launches GME's marketplaces and whatever else they are launching this year +https://www.wsj.com/articles/russian-stock-market-prepares-for-an-unusual-reopening-11648023739 + +> Russia’s stock market is set to have a partial reopening Thursday, nearly a month after it shut down following the invasion of Ukraine.  +The challenge for Moscow is that the resumption of trading could simply send Russian stocks back into free fall. On Feb. 24, the day when President Vladimir Putin began the assault on Ukraine, the main Russian stock index tumbled 33%. While the index regained a fraction of those losses on Feb. 25—its last day of trading—that was before Western sanctions hammered the ruble and sent the country into an economic crisis. + +>To limit the fallout, Moscow has turned to some heavy-handed policies. It blocked foreign investors from dumping local stocks—a move that some market participants saw as retaliation for a Western freeze on Russian central bank assets since a big chunk of the Russian market is owned by foreigners. The Russian government ordered its main sovereign-wealth fund to buy billions of dollars worth of shares.  + +>The Russian stock market could ultimately look very different than it did before, with a plan under discussion to split it into separate markets for foreign and local investors, according to a person familiar with the matter. + +>Russia’s central bank said Wednesday that it will allow trading of 33 shares out of 50 included in the benchmark stock index, the MOEX, on Thursday from 9:50 a.m. to 2 p.m. Moscow time. Among the companies to be traded are Gazprom PJSC and Lukoil PJSC. Bets on the fall of a stock, known as short-selling, will be banned. + +>Under a policy announced by the central bank on Feb. 28, Russian brokerages aren’t allowed to let foreign clients sell securities. This will prevent foreigners from bolting for the exits as soon as the market reopens, which could be ruinous because of their outsize role in Russian stocks. International institutional investors held about three-quarters of the Russian market’s free float as of February 2020, according to Sberbank Investment Research. + +>That has raised concerns that the market will be skewed by the absence of foreign investors, who accounted for nearly half of equities trading volume at the Moscow Exchange in the first half of last year. +“There will be an illusion of a working, recovering Russian stock market, even though a huge class of players in the market—foreigners—won’t have the opportunity to sell,” said Vladimir Kreyndel, CEO of ETF Consulting, a Moscow firm that advises issuers of exchange-traded funds.  + +>Among the Western investors that held Russian stocks before the freeze were asset-management giants Vanguard Group and Fidelity International. Both firms have said they are reducing exposure to Russia. +Due to the freeze, foreign investors won’t have much to do when the stock market reopens.  + +>But the plan under consideration by Russian officials—which is still in the discussion stages—would effectively split the country’s securities market in two, with one market for foreigners and another for local investors, the person familiar with the matter said. In this arrangement, foreign investors could sell their shares or bonds, but would face restrictions on moving the proceeds out of Russia because of capital controls that Moscow has imposed since February, the person said. + +>Such a bifurcated market could result in oddities, such as the same stock having two different prices. That isn’t completely unprecedented. In China, there have long been discrepancies between shares on mainland exchanges in Shanghai and Shenzhen and those listed in Hong Kong. +It could also prevent further erosion of the ruble’s value. Russia’s currency has stabilized in recent sessions to trade near 104 rubles to the dollar, though it remains 22% weaker than before Russia invaded Ukraine. + +>“The biggest fear is that the central bank is under sanctions and they don’t want foreign investors to sell their shares and take the ruble and buy hard currency,” said Jacob Grapengiesser, head of Eastern Europe at emerging markets fund manager East Capital. + +>The Moscow Exchange said Monday that it would allow for the settlement of trades that foreign investors had placed before Feb. 28 that were still being processed. Mr. Grapengiesser said his firm had trades still awaiting settlement from the start of the war that he expects to go through soon.  + +>“It’s a natural step before opening the market. You need to take care of those unsettled trades,” he said. “Things are slowly moving forward.” +Shortly after the war began, Russia’s prime minister ordered the country’s National Wealth Fund to buy up to one trillion rubles, equivalent to $9.38 billion, worth of shares this year. Analysts also expect some Russian oil companies to prop up their share prices with buyback programs. + +>Local investors may buy stocks too. When Russia invaded Crimea, the MOEX fell almost 18% between mid-February and mid-March of 2014. But by the end of that year, it had rebounded more than 12% from that March low. The broad index has posted gains in all but one year since 2014. Stocks in unstable countries can also serve as hedges against inflation because locals expect companies can offset rising costs by charging higher prices. + +>The government’s efforts have led some to be cautiously optimistic about the reopening. “Initially, I think there will be a moderate correction,” said Natalia Smirnova, a financial adviser in Moscow. “But I wouldn’t rule out the possibility that the first day could end up with a modest increase.” + +>Russia is a minnow of a financial market by global terms. In December 2021, the total market capitalization of companies listed on the Moscow Exchange was about $842 billion, according to the World Federation of Exchanges, which is just under 90% of the current value of Tesla Inc. That made the Moscow Exchange the 20th largest bourse by market cap, just above Brazil’s B3 exchange, in the WFE’s ranking of global exchanges. + +>Until the war, Russia mostly attracted attention from specialist emerging-market funds and hedge funds, though it made up only a fraction of holdings for most globally minded investors.  + +>MSCI Inc. said it would drop Russian stocks from its influential indexes that track emerging markets. Before the war, MSCI’s emerging market index had a 2.8% weighting for Russia. FTSE Russell has also announced plans to remove Russian stocks from its indexes. The moves will force investors whose holdings track the indexes to sell—when they can.  +Wars have led to stock-market shutdowns before, although it is unusual. The New York Stock Exchange closed for about four months when World War I broke out in 1914, the longest closure in the NYSE’s history. The Beirut Stock Exchange reopened in 1996 after a nearly 13-year shutdown caused by Lebanon’s civil war. +Many conversations focus on the potential of bitcoin, the future wealth, tech, etc. This is NOT about this. This is about what I think to do and not to do. + +When I was 27, I met a guy at my apartment complex in 2011. He had made millions -yes, millions, in the mortgage market. He was making $800,000 a year-during 2007-that's like 1,200,000 today. And from what I understood, he was doing some shady ass stuff. He had the music video lifestyle-had a lambo, a house with an insane backyard, and god knows where he ate and what he did for fun. He had it all. + +The key word is HAD. He was in his early 40s. He said all he ended up with was a watch. He lost everything. + +The point I'm trying to get across is this-twitter/instagram/etc is filled with traders making tons of $-the cars, the watches, clothes, boats, etc. 99% of this is for show. Most wealthy people don't do this stuff. Nothing wrong with nice stuff, I'm saying what I know. + +Whether you love bitcoin or NOT, I hope you make tons of $. I hope you have a plan. + +1. The way to get ahead is to make money like a rich person and live like a poor person for 3 years. The way to get rich is to do this for 5years. The way to get wealthy is to do this for 10 years. I know plenty of people who make $20k a month and are flat broke. +2. Pick a vice. If you make more money, it's perfectly normal and healthy to reward yourself. Pick one-trips, partying, a cool car, dining out, etc. And know it's a reward. Where people get into trouble is car + clothes + partying. +3. The more you make, the more you will get leeched on. This sounds shit, but it's true. I was a generous person and my generosity got taken advantage of. Do not be an unnecessary target.