diff --git "a/reddit_finance_43_250k_183.txt" "b/reddit_finance_43_250k_183.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_183.txt" @@ -0,0 +1,10000 @@ + +Given how the larger market of commercial airlines has often struggled to be profitable, it’s not clear what advantages this more niche slice of it may have. This makes growth difficult to predict, but Wheels Up is optimistic about the fragmented nature of the market and their ability to capture a larger share. + +**Valuation** + +With inconsistent cash flows and the peculiarity of this business, I will not attempt a valuation. I think this is a stock to check on later. + +* Growth Assumptions: N/A +* Intrinsic Value Per Share: $N/A +BTC has been constantly over 60k for the last 16 days, back in April it could only hold it for about 4 days! that's pretty insane to me! but some people now are just taking 60k for granted and being disappointed that it is not going up, come on guys let it run it's course, is healthier this way, you can't compare it with all those crazy moonshots going around. + +Slow and steady wins the race 😎 give it 3 months and see how all those coins are doing, then see how BTC is doing!!! you might still be in time to take profits and put some in BTC!!! ~~not financial advice, just to be sure~~ +Our washing machine broke several days ago and we were on the verge of calling a plumber out to have a look. Before we did we checked on youtube and found a video tutorial on the common causes of washing machine breakages. We checked out the places it recommended we check and found pillow stuffing clogging up the pipes. Once we got it out the washing machine worked fine. We saved ourselves the cost of a plumber. + +It got me thinking, how many other things have I been paying for that I could reasonably do myself by just looking up skilled people giving online tutorials. + +Edit: I shouldn't have to put this up but use your common sense, be honest about your assessment of your own diy capability. If you are in over your head with something dangerous like electricity or gas don't be an idiot. Call someone. Beware of breaking warranties etc. +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. +As the title suggests. My partner won't spend our money. We have a joint account. Engaged. Joint home. Joint baby. In short we're committed to each other long term. + +I appreciate this may come across as relationship advice needed, but I think intrinsically the issue is money? + +All our bills/various pots, go out first thing in the month, so anything left after that is for us to enjoy. I've continually tried to encourage them to get into the habit of using it, but I'm struggling to get them to, without doing it for them directly. + +I currently organise stuff for us to do jointly, and I spend a bit on my own hobbies. But other than telling them every week they need to book/buy/ do something, even if they eventually do, they still end up using their own current account anyway. + +I do earn more, and maybe this contributes to the problem, but I really (and I mean really really) push home the point that everything is jointly ours. So if this is it, I'm unsure how to further overcome it (open to suggestions). + +I'd really appreciate some friendly suggestions on anything I may have missed, financially or otherwise which would help overcome this issue. + +Edited: spelling and pronouns +So I got a new job which pays me well and I start saving. I would like to start investing in stocks but I’m an absolute beginner and I would like to start somewhere. +Where can I start studying? Do you have any advice for me? At the moment I’m not swamped and i can spend some time studying and educating myself on the topic. Books, YouTube videos, anything really. + +EDIT: I ended up choosing this book: + +The ETF book: All you need to know about Exchange Trading Funds +Based in Spain, 23a, I have two jobs, one makes me 700 euro; second makes me 320. + +My Expenses are 750-850. 1500 emergency fund build up. Have been using YNAB for 3 years, I think I am good at budgeting. + +Took the second one a few months ago and it has been great financially since I have been able to pay for little things like some clothes that I hadn't bought in a while or not be so stressed about money. + +The reason I wanna quit is because I am super tired, some days I work both jobs and work like 10.30h + commute of 2h - so I don't have time to exercise or myself, which is making me burnout quit a bit. + +What is holding me back is not having a back up plan or not being able to live more comfortably. I am already quite frugal, but don't wanna go back to frugal frugal like I was before. + +EDIT - More context: +Long-term I do know that I either have to move or so some high-level focus on applying for better jobs, but here's the thing: I finished college 10 months ago and I was quite burnout of all the process, working and studying at the same time. So I thought I needed some "me time" before going to the jungle of finding a good job and grinding all my way. + +So my plan was to find a job + have some time for me and side projects that I had been neglecting for a long time. Problem is that I have less time than I thought even though money aspect has improved, and this in turn has improved my life. + +Thanks! +I have never before invested in stocks or any property, I normally just invest in my business and now I'm seeing good returns I want to diversify elsewhere. + +I have €30k to invest now and can invest €12k per month. + +I'm based in Portugal and the property market is super high where I'm based. Rent is a good price for me and my family right now but we would like somewhere with a garden. + +Considering what is happening right now in the World - what would you do? Invest in stocks or save it as a payment on a house once the real estate market has dropped a bit? + +Edit: I already have a 6 month emergency fund +So I'm looking at this [report on Ecovyst](https://www.businesswire.com/news/home/20210805005383/en/Ecovyst-Reports-Solid-Second-Quarter-2021-Results-Board-Declares-Special-Dividend-of-3.20-per-share) which will pay a special dividend of $3.2 later this month. + +From this report, it looks like they had a net loss last quarter of $7.2M. How can a company which is losing money issue such a large dividend? Shouldn't they use that money to grow, or at least pay off their debts before handing it over to shareholders? +23y/o here renting in Sydney. I recently had my hours cut at work and as a journo, I’m predicting I will be out of a job by December. My partner earns a decent salary and between us, we have about 45k in savings. + +I’ve heard mixed opinions on my strategy since COVID hit. I have been hoarding money like crazy, setting as much as I can aside and spending on nothing - not even on my hobbies, never eating out, skipping the dentist etc. I have no debts, but also no investments. Everyone I work with is convinced that the economy will bounce back and that we won’t hit a depression. + +My partner also thinks I’m overreacting and that I have enough of a buffer should anything happen, but I feel like for my age, having 15k (mine only) in savings is shockingly low. + +Can anyone give me any advice about this situation? Sorry if this has already been asked a million times. + +EDIT: Monthly expenses for me are around 1,200-1,500 all inclusive, even luxuries. Sometimes a little extra if car rego is due. I cook at home and was raised to be a tight ass. Rent clocks up the most. Currently I earn 2,800 per month (I was dropped to part time, it used to be more) - with 1k going straight into savings. I had to dip into it over Xmas for a holiday before all this shite happened, but it should keep growing until I lose this job. + +UPDATE: Yes, I will go to the dentist! +Thought I’d share a little advice I got when I was young. + +When I was in college in NYC, I found myself surrounded by costly stuff to do, and people who were wealthy and spending a lot of money to do that stuff. My parents were giving me spending money of $100/month (this was in 2009, and my food and dorm and tuition were separately paid for, and at first I wasn’t working other than studies) and it just didn’t compare with what other kids were spending. + +After a couple months, I asked my parents for more money and explained the situation. As you can imagine, they were unsympathetic. I tried to explain that I *needed* this, that $100 is like one restaurant and a bar and then I’m done. And that’s when my dad gave me some of the best advice I’ve ever been given: he said “there will always be a reason to spend money.” + +It hit home, and every time subsequently that I thought about buying something, I asked myself “do I truly need this?” Most of the time the answer is “no”. + +I try to remember this simple statement to this day (my frugality mantra?), though in some periods I’ve forgotten it and lifestyle creep has made unfortunate progress. Reminding myself again with this post. +Is 32 stocks too many for a 100k dividend portfolio? I am feeling like I might have spread my money alittle thin, but there are just a lot of good buys. +Just curious really to how everyone have their DRIP set up. Being in the uk I use a trading platform called trading212 which you can have an automatic drip however it’ll spread it evenly over the entire portfolio pie chart. +I tend to usually reinvest either into the same stock that paid me said dividend or towards the stock in my portfolio with the closest ex dividend date. + +What do you prefer to do or does anyone else have a totally different plan? +So here's the thing... +I am currently 18 about to turn 19 and this past year I've been taking personal finance a bit more seriously. I am a full time student but I do have a part time job as a tutor and I started saving most of my income (about 90%) to invest a part of it in a year or so (once I know enough about investing), to save up for university, and for retirement. + +The problem is that I learnt about finance on my own and come from a middle class family who doesn't have a problem with money but who never really saved up for something big either (they didn't have an IRA before a couple of years ago). My mom is always talking about the fact that I started working but I barely use my money (the first pay I had she went on about me not using it to buy her something.) I mean, don't get me wrong I do think it's important to spoil your loved ones once in a while but that's too much, right? She's also telling me I should at least use my money for myself like go to the spa get my nails done and take care of myself but I just can't afford it. Also, I feel bad waisting money on something that will not benefit me in the longer run. I know she thinks I'm cheap and I tried to explain to her that I'm just trying to look at the bigger picture but I guess she doesn't really understand me. Now I stopped answering her and I just kinda let her say whatever she wants because I dont want to fight with her. + +My dad is more understanding. Whenever i want to buy something (like books for school or when a needed a new desk) he insists on getting it for me but doesn't tell my mom he baught it for me. +Does ETH need to be at like $10,000+ in order to be a "world computer" or would ETH at $10 make the Ethereum network just as secure? + +Under Proof of Stake (PoS), if there's slashing penalties where your ether gets taken away if a staker attacks ETH, then why would ETH price need to be high? +I dont get her obsession with crypto. First she starts tweeting about how regulators need to increase scrutiny of crypto + +https://news.bitcoin.com/us-senator-urges-regulators-to-increase-scrutiny-on-crypto-as-it-risks-undermining-sanctions-against-russia/ + +>As governments worldwide are placing sanctions on Russia following its invasion of Ukraine, U.S. Senator Elizabeth Warren is worried that cryptocurrency could give Russia a way to evade sanctions. The senator from Massachusetts tweeted Monday: + +>"Cryptocurrencies risk undermining sanctions against Russia, allowing Putin and his cronies to evade economic pain." + +>“U.S. financial regulators need to take this threat seriously and increase their scrutiny of digital assets,” she added. + +Then on wednesday she and three other senators write a letter to Janet Yellen of all people telling her to "[enforce sanctions compliance](https://www.warren.senate.gov/oversight/letters/senators-warren-warner-brown-reed-express-concerns-to-treasury-regarding-potential-use-of-cryptocurrency-to-evade-sanctions)" in the crypto industry + +All of this out of a supposed fear that Putin is going to use crypto to bypass sanctions even though its been known for a while now that Russia has been sanction-proofing itself by building up gold and Chinese Yuan reserves. As well as crypto's marketcap and volatility making it an unsuitable medium for country-scale transactions. + +See why [Russia wont be using crypto to bypass sanctions](https://mobile.twitter.com/jchervinsky/status/1498786025438650369) + +Tired of these politicians pushing their own agendas. +I took all my coins off Celsius about a month back after reading about CEL's implosion. Just received this email from Celsius...this is not good. + +📷 + +"We are writing with a very important message for our community. + +Due to extreme market conditions, today we are announcing that Celsius is pausing all withdrawals, Swap, and transfers between accounts. We are taking this action today to put Celsius in a better position to honor, over time, its withdrawal obligations.  + +Acting in the interest of our community is our top priority. In service of that commitment and to adhere to our risk management framework, we have activated a clause in our Terms of Use that will allow for this process to take place. Celsius has valuable assets and we are working diligently to meet our obligations.  + +We are taking this necessary action for the benefit of our entire community in order to stabilize liquidity and operations while we take steps to preserve and protect assets. Furthermore, customers will continue to accrue rewards during the pause in line with our commitment to our customers. + +We understand that this news is difficult, but we believe that our decision to pause withdrawals, Swap, and transfers between accounts is the most responsible action we can take to protect our community. We are working with a singular focus: to protect and preserve assets to meet our obligations to customers. Our ultimate objective is stabilizing liquidity and restoring withdrawals, Swap, and transfers between accounts as quickly as possible. There is a lot of work ahead as we consider various options, this process will take time, and there may be delays. + +We thank the incredible Celsius community for your support today. It is our pleasure to serve you. Our operations continue and we will continue to share information with the community as it becomes available.  + +Sincerely, + +The Celsius team " + + +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 +Tl;dr - great team, excellent memes, big marketing campaign planned, and rabid community. What else could you want in a memecoin? + +&#x200B; + +**📱TG**: [https://t.me/changpumpzhaogebsc](https://t.me/changpumpzhaogebsc) + +&#x200B; + +🌐**Website**: [https://changpumpzhaoge.com/](https://changpumpzhaoge.com/) + +&#x200B; + +The Changpump Zhaoge community aims to flip Dogelonmars by becoming the most active wild community on the binance smart chain. + +&#x200B; + +Launched by former DogeBonk core community members, who were essential in in taking it from being a $2k microcap to a $220m monster, the coin aims to create a a better way to onboard new BSC holders into the ecosystem through easily digestible how-to guides and eventually a web3 forum, allowing incentivised learning for new participants. + +&#x200B; + +The tax gives 1% to the liquidity pool and 7% goes to marketing, making this coin an absolute beast funding-wise. So far, ads have been run on many, many sites, including Poocoin, BSC SAFE Sniper, ads on biggestbuybot alerts, Apescentral alerts, and on 4chan /biz/ across the world. + +&#x200B; + +They’ve already had a Cameo from Hardrock Nick and are working with many callers in the BSC space. A billboard was put up several days ago in Hawthorne CA, next to the SpaceX factory, by a community member with access to cheap billboards (won’t be the last you see of those) + +&#x200B; + +Not only that but they are working on the Chinese market, with banners on CNToken and Bidao and will soon be getting calls from Chinese channels. + +&#x200B; + +Their website is now complete and they are currently finishing off their white paper in preparation for CG and CMC listings. + +&#x200B; + +I was there during the DogeBonk run-up and the community has the same kind of feel. Great memes from the community and a pure belief in their ability to succeed. When it comes to memecoin communities these are the most important qualities that see them break out the sub-1m market cap zone, and with Dogelonmars as the flipping goal, $1m will only be the start. +I suppose most people have had a strange year in 2020, but for me it has been particularly odd. I've been actively chasing FIRE with my partner for the last ~5 years, and expected to be working on it for another 5-10 years (but said too much on my main, so here's a burner!) + + +Part of that plan was always to have one or two children, and I knew that would present a challenge - after all, they're not cheap, even if you're frugal, and although we could potentially both achieve pay rises to balance out the effects, it was a massive unknown. That was a driver for RE, though, so that I could be actively involved in their lives. + + +In the event it has taken quite a different turn. My daughter was born in March, and has been quite unwell ever since her birth. To cut a long story short, her condition is very poorly understood (because it is so unbelievably rare), but the world-leading expert who is now responsible for her care believes that it can only improve - and potentially the point that no-one would know she was ill. How long that may take is anyone's guess, but we're probably talking about a few years. + + +Concurrently, my employer has been quite flexible, and they gave me 6 months off to deal with the immediate aftermath. In October they agreed to give me another 6 months off, although this time at 50% rather than 100% of pay, which I immediately accepted. I don't know right now if I'll be able to go back at the end of that, but I also don't feel like I care that much. If we have to scrape by for a year and delay FIRE, and then get a different job down the line that pays lower and delay FIRE a bit more, I'm suddenly much more open to that than I would have been a year ago. + + +It has been an interesting journey for me both logically and emotionally, and although I imagine that many people would throw FIRE to the wayside because it isn't integrally important to the problem, for me it feels just as critical as ever. I don't think I'm at the end of this thinking process, but wanted to share some lessons that I feel I've learned and see what thoughts or experiences others might have. + + +* 1 - Knowing *why* you want to FIRE (and *if* you genuinely want to RE) might not matter when you're starting out, but when problems hit, suddenly it really does. For me, one of the main reasons to FIRE is to look after my child(ren). Admittedly, I'd envisaged cheering them on at soccer practice rather than staring at a bunch of medical equipment at 3am in the morning, but that doesn't matter. + +* 2 - FIRE is not a rod for your back. Yes, MMM might shout at you because you ordered a takeaway pizza, but he isn't going to be standing at the pearly gates with some accounting software before condemning you to a pit of angry bear markets. It is simply an extension of trading time for money. When life kicks you in the balls, it's OK to buy some ointment. In this case, my high SR allows me to take a temporary salary drop that might mean skipping mortgage payments for other people. Or to consider throwing more money at daycare once COVID gets bored and leaves us alone. + +* 3 - Even if FIRE can give you enough money to cope with every black swan you've envisaged, there are some things money can't buy. If I'd tried to work through this, I would genuinely have lost my mind. And I probably would have compromised my daughter's health, my partner's health, and our marriage. If I'd refused to pay for a halfway decent hotel near the hospital I wouldn't have been to help my partner through the hardest days. So if VTSAX has to wait, wait it must. + +* 4 - Luck is important, but you can push the odds in your favour. I can't deny that my employer has been great, but I joined them because I knew we were going to have an family, and my old employer treated anything outside of work as a major drag. I switched company for no pay rise because I knew the new place were far better - and so it has proved to be. The old place would not have paid me, and certainly would have invited me to resign by now. Family and friends have been amazing, but as my therapist pointed out I've bent over backwards for them in the past. Our neighbours have been wonderful, but partly because we moved to a different part of town with lots of families and young children so that we'd fit in better. All my daughter's care (I dread to think what the dollar cost might have been) has been fully paid by the state, but equally I chose not to go abroad for big salaries and low taxes where that wouldn't have been guaranteed. So we've benefited from these things, but not by total chance. + + +I'm in no doubt that the next few years are going to be rough. I might go back to my job and get a promotion. I might coast. I might quit and do something else. My partner might quit. We might spend a lot of money on daycare. We might need to move to a different area. Am I comfortable with how my FIRE plans have been altered? No, honestly I'm not. I want more than ever to know that I'll never spend another week working in the middle of nowhere on some pointless project, or sat with my laptop in the sun on a Saturday afternoon writing a report no-one will read. And I have probably pushed that date back to a degree. But at the same time I'm having to appreciate that the journey is just as important as the destination. Hopefully in a year or so things will be much clearer, but I'm not quite there yet. +Ok, to the basics. + +I have my tenants pay rent online. Or a drop box. Most pay online. They also submit maintenance requests online as-well. + +I am doing a good job at laying low. + +The property is in my trust name and taxes paid by trust that I created. + +Any helpful tips to stay incognito? + +Thanks! +Fatties, + +what's your average weekday bottle hitting? Not a cook a nice dinner, have someone over. Just the average kid's have been assholes at bedtime, probably shouldn't but might open a bottle, have a glass with the wife, and then not finish it. + +Potentially wasting the rest of the bottle (although just as often finishing it because why not). + +We are basically at 30-40 USD although that's in a 30% alcohol tax location in the Middle East. +Reddit and subs generally have only few rules, but I think that new users (sub 90days) haven't read those. + +Breaking Reddit ToS repeatedly will have eventual consequences. This isn't twitter. If sub will get nuked, +**any new similar subs** that are used to circumvent the ban will be nuked as well. i.e. r/superstonk2 etc. +It has happened more than few times in the past to larger subs and this time will not be any different. + +Pinging other subs users just to diss them, harassing them on other subs or anything like that +should not be done or encouraged. You are doing everyone disfavor by doing that. + +If the nuking of the sub happens: It was your fault. Not shills, wsb, nor admins or anyone else's. + +Edit word. +So I’m not too close with this guy but he’s an alright guy don’t know if I’d trust him with my money but this is his plan. He wants me to put in about 5-1k into trading and since he’s apparently a very good trader (he’s shown me some evidence and it’s pretty good) he said he can make that back for me and keep using that to trade for me but he gets 50% while I don’t have to do anything, I was thinking what does he gain from this because he is 100% not doing this out of the goodness of his heart but I realised he still makes money from the 50% cut but it’s the fact that I don’t have to do anything that’s shady, I’ve never traded in my life don’t even know if this is the right sub to be posting this in but I wanted a bit of insight +We discuss hedging on here often; however, I am wondering how many people consider a scenario like the 1987 Black Monday crash in their hedging strategies. The S&P 500 dropped approximately 20.4% in a single day (the DJIA fell more). We have the broader market circuit breakers now (7% and 13% temp halts and 20% day halt), but a daily drop of similar magnitude is still possible. + +I like to take some "credit" for my own ability to manage my positions/de-risk during a pullback. While this may be possible for a 2008 or even a 2020 crash, a one-day flash crash may be much harder to manage. + +TDA stress tests portfolios to an SPX beta-weighted 20% single day drop. My own quick stress test in ToS for a 20% single day drop is, let's just say, pretty catastrophic. I normally keep long UVXY calls for volatility hedges, which would work great if we see 70+ VIX again. Since VIX wasn't yet launched, they do retroactive hypothetical calculations based on options prices and estimate a VIX closing price of 150.19 on Black Monday. Perhaps vol hedges are enough? + +**TL;DR: Do you consider a Black Monday 1987 type crash (20+% single day drop) a plausible scenario? Do you actively hedge for this, and if so, what are your techniques?** +Not much more than what it says in the title really. I imagine for someone that hasn't looked for a single second at funds its a useful guide as to what might have some staying power, but I feel like even just doing ten seconds of research to see how long the fund has been around, its general performance, costs and size will do more for you than looking at the wealth shortlist. + + +I may be missing something, and perhaps some of you have success or horror stories that could help me better understand this. For what its worth, in my portfolio I hold two funds that are on the short list, and they were picked because in each case I was comparing them to something incredibly similar, and given that I couldn't decide, I just went with the HL recommendation. + +&#x200B; + +I don't lose sleep over this kind of thing, but it would be nice to see what other people's takes on this are, as currently I just assume HL get some kind of bonus for marketing those funds. Perhaps I'm wrong and way off mark. Enlighten me please. +Hi All, + +Longtime lurker here and wanted to ask a question. Would really appreciate the advice. + +I've just converted my holdings to cash as I'm moving my ISA over to T212s ISA plan (needs to be cash) and now I have about 60k to invest. + +Before the money has moved over, I deposited a few thousand and immediately put it into the Vanguard FTSE Global All Cap. I had planned to maintain a decent amount in here, with a section of my ISA dedicated to picking undervalued stocks with decent growth potential (SQZ was one of my early picks from a couple of years ago for example). + +It has dawned on me though that most of me share dealing education has been within the market conditions of the past 10 years and it would be unwise of me to assume things will always be this way. + +I'm wondering how best I should be preparing for the next few weeks and months ahead? Do you think I should be keeping one eye on what may happen to the market soon? Should I be hedging my bets between stocks and bonds (something I've ever bought)? Buying some defensive stocks which may do well if the market tanks 30% like it did in March? + +If it was your money, what would you do? what strategies will you be employing? + +For reference, I'm in my 30s, good job. Losing a chunk of money would be bad, but not the end of my financial future. + +Thanks, everyone. +Released at 14.08 for some reason. + +https://www.investegate.co.uk/games-workshop-group/rns/trading-statement/202011061408205608E/ + +The Group announces today that trading since the last update in September 2020 is ahead of the Board's expectations. Given this, the Board's estimate of the results for the six months to 29 November 2020 is profit before tax of not less than £80 million (2019: £58.6 million) + +This has been driven by healthy growth in our online and trade channels. Our retail channel is still recovering from the COVID-19 closures both currently (170 stores) as well as earlier in 2020. The factory and warehouses are still in operation under COVID Secure measures. + +The Board recognises that this performance is better than the prior year but is also aware that it is still early in the financial year. A further update will be given as appropriate. +Was chatting about this with some friends. Some didn't want oil and gas but held the FTSE100, others didn't want meat but hard to get away from that if you have a global index. Want to continue the chat! + +Whatever your ethical/whatever values... would you give up any return to recreate your current portfolio just without industries you don't support? + +Giving up 1% p.a. to remove oil & gas, tobacco and coal would be fine for me +Firstly I would like to put in the pretence this is not me just being ***LAZY.*** But more so starting a thread to share research on this green topic. + +1. We all know eventually green energy in all its forms are coming in big on whole due to climate change, but I solemnly believe in the next 12-18 months it will be enormous. +2. I believe Biden will want to divert so much from Trumps "legacy" that a green deal will be on the cards well right now, but released after a covid "clean up". Obviously for reasons of climate but I think he will secure a LOT of deep red state votes by giving people green energy jobs. (Cringe but Andrew Yang spoke about this, sadly can't find any written sources) +3. Also big old bojo this year is hosting the UN climate conference in Glasgow later this year, Boris is a man of legacy and of "power", his legacy wont be a great response to covid or Brexit, I believe it will be green energy (Can provide some evidence on request) + +Acting on this for me so far has been a large investment into the I Shares Green energy, which i highly recommend when it next drops. Other funds I have put in are Liontrust Sustainable (Am aware it quite misses the green energy shot), VT gravis clean energy and BGF sustainable energy, + + +Stocks have been harder, I started at my base which is what bojo is interested in, was surprised to see he uses a lot of European companies such as EDF and Orsted. + +&#x200B; + +Will be updating when I see fit or find something. Apologies for the worst written post this decade, I am the big bad with words. +Obviously I am not a trader and I have a full time job. + +However, what would be useful is an app or website where I could have push alerts set when an individual stock I’m either looking at or hold releases accounts or real newsworthy information. + +Sometimes I see a stock of mine rise in price which means I need to google what is driving it. It would be good not to have to do this. + +Free is preferable, but open to a few charging service if really good. +So I bought one share a a few weeks back (before the required time to have a share for the stock split). + +But HL still show me as having only one share, but with the new lower value for the share. Is this something that sort itself out or is something wrong? + +Update 03/09/2020 - I did not receive an email beforehand telling me about this hence why I was confused. They since responded to my query and informed me that it would be sorted out and reflected correctly by 3rd Sept, which it now is. +Hi everyone! I'm currently considering buying my first rental property (plan is to buy and hold an SFR for at least 10 years). + +Do you have any wisdom to share? What do you wish you could have shared with yourself when you were starting out? If you could do it all over again, how would you do it? + +Here's some background – I work full-time in tech. I'm looking at buying an out-of-state turnkey property to start off, so I can learn the ropes and get some reps in. My home market is very pricey, which is why I'm looking at out-of-state options. + +Any guidance is appreciated! +[Graph](https://imgur.com/R9aEdNR) + +This is the my third year following up on the [2019](https://www.reddit.com/r/financialindependence/comments/e6mdm0/from_10k_to_650k_in_65_years_with_graph/) and [2018](https://www.reddit.com/r/financialindependence/comments/bjghrb/from_10k_to_500k_in_6_years_with_graph/) financial review posts. + +Honestly, not much has happened this year with the pandemic. My wife and 1.5 year old toddler basically stayed (and attempted to work) at home since March. Spending is pretty darn low (about 36% of our income) but we've been cooking some amazing meals. Missed some awesome vacations and have pretty much settled into a "I never want to step into an office again" mindset. This graph starts 6 months after graduating college when I had already accumulated 30k and ends on...well today(ish). + +**This graph is for two people, not just me as of July 2015** + +Since the last updated I've: + +* Started a second Amazon Affiliate site that is now generating 2k a month with zero effort. +* Kept my toddler alive and unharmed +* Built an awesome outdoor kitchen with only the help of my wife + +Some answers to common questions are below: + +* This spreadsheet was built in google sheets using the stacked area chart type +* Wife and I are both 29 years old, live in Houston, TX and have a 1.5 year old. We got married in July of 2015. (This graph shows combined finances) +* Total expenses for the kid were 2k for "stuff" (furniture, car seats, crib, etc.) and 6k total for all birth, epidural, check-ups etc. Daycare is 1.1k a month. We've found this has had basically no effect on our overall savings rate at this stage of our FIRE journey. We are not saving separately for the kids college expenses but will instead just skim some of our investments off if need be. +* I managed to get 30k by myself after only 6 months out of college by working and saving from my 20hr/week job during college for 4 years and living extremely cheaply during my first year afterwards. +* Real estate is not included on this graph, for reference we currently have around 191k in equity in our home and owe 148k (total value of house is \~340k) . We have a 15 year mortgage at some absurdly low interest rate. We do pay off a little extra month because it makes me feel good. We'll pay it off in around 3 years or so. If you include real estate we've got over a million bucks! +* We keep a 30k emergency fund in my savings account for....emergencies. +* The dip in the middle of 2015 is when we bought our first house (224k 10% down payment) and then the month after I got married +* The dip in the end of 2018 is when the stock markets dipped a bit and we bought our next new construction house (340K 20% down payment) +* Wife and I are both engineers (Electrical and Mechanical respectively) in the oil and gas industry +* Paid off student loans somewhere in 2016, I don't remember when exactly as they were not astronomically high my wife had loans, I did not. In terms of "family help" my parents gave me 2k to use as a down payment on a car (which I still have) and sent me on my way. My wife had an old car already out of college which we no longer have. +* Our taxable investments are 100% invested in VTSAX with vanguard. +* I record data points for my graph at the end of each month and look at every account I have money in. +* We have no credit card debt and pay it off at the end of every month. +* Wife bough a new car this year (ugh) but at least it was a good deal and is less than $500/mo I think. It does not impact our savings rates. +* Salary for me went about as follows with 2 years between major increases (64K starting -> 74K promotion ->97k old job -> 115k current job) +* Salary for my wife was (78k starting -> 84k promotion -> 93k promotion) +* Basic investment strategy (max 401k's-> max IRA's -> invest 80% of the rest in vanguard -> pay a bit extra on the mortgage +* My end goal is 3MM by 40 years old where I plan to FIRE in style! +I’m 21 years old and I invest $600/mo into a Roth IRA Index funds (maxing) since I was 20. I also put about $400 into my 401k at work each month. Trying to set myself up for the next few decades is really good but I’m also a little worried about the mid term (5-10yrs) since the investments are more long term and I don’t really have any savings besides these. I also like trying to start small projects/business on the sides which require a bit of capital on my end. + +Would it be a good idea to split spending on the investments and put it into savings so I can cushion myself for the next 5-10 yrs for an emergency? Or continue trying to build a business or continue my career and get periodic raises. + +I make about $2k profit a month after fixed expenses/rent/car/investments + +I’d also like to buy a property to rent out in the future which is another reason for building mid term wealth +Multiple issues with the house, but the main issues of concern were: +-Natural Gas leak in the attic +-Multiple fire hazards including outlets facing upwards under the stovetop and the oven using incorrect electrical setup +-Water penetrating throughout the entire home leading to mold growth +-The panel covering the main electrical breaker for the house is caulked shut and inaccessible + +Other than obviously revoking our offer, what do we need to do? We're thinking of trying to get out of the lease, but not sure if we would be subject to early termination fees. + +Houston Texas is the location + +Update: Gas Leak was fixed promptly by the gas company + +Update 2: +Thank you to all for the great and thorough inputs. We are getting a mold test to determine which strains the home has. Waiting on the emailed official report from the inspector before trying to get the landlord to fix the electrical and fire hazards. Currently staying at a friend's house. + +Clarification on the stovetop outlets: The stovetop is on an island in the middle of the kitchen. Around the rim of the range's metal body, there are small gaps leading below where their are outlets facing up towards the island counterspace +I’ve seen a few Canadians here and I’ve lived in Canada for a bit but haven’t been able to yet commit to the idea of staying long term. Part of that consideration is that I haven’t really been able to determine if there are opportunities to get big outcomes. I’ve had a decent sized exit before moving here, have money to invest and what I’d consider a slightly above average skillset. + +I recently came across statcan data, and it appears the threshold for being in the top 1% of income earners in Canada is 250K CAD: https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1110005501 + +With Canadian taxes, that doesn’t seem like a whole lot of money and seems completely contrary to what Canadian housing prices would suggest? Is this just good tax planning? + +Are those that could actually RE fat while in Canada just a very small sub segment of the population? +Been in the forex market for over a year now. I’ve blown 5+ accounts now. Varying from $100-$300 starting amounts. Each one of those accounts I do well for a few days maybe even a week. Then outta nowhere I get one shit trade after one another and can’t get out of it even if I take a break from the market. Today marks the shortest span I’ve blown my account. Y’all got any suggestions on how to move forward? +https://www.sfchronicle.com/business/article/Uber-and-Lyft-say-regulator-can-t-make-drivers-15380707.php +> +> Uber and Lyft may be headed for a showdown with the California agency that regulates them. +> +> The San Francisco ride-hailing companies, along with two smaller ride services for children called HopSkipDrive and Zum, on Tuesday filed papers challenging the authority of the California Public Utilities Commission to determine that their drivers are employees. +> +> At issue is a June 9 “scoping memo” from agency commissioner Genevieve Shiroma that said “for now, TNC drivers are presumed to be employees,” using the acronym for transportation network companies, which is what the commission calls on-demand ride services. A scoping memo is a mechanism to identify future issues rather than a formal decision. +> +> The scoping memo’s reason was AB5, California’s new gig-work law that makes it harder to companies to claim that workers are independent contractors, as the ride-hailing companies classify their drivers. The scoping memo and a June 2 letter from a director at the commission said the ride services must provide workers’ compensation for their drivers under AB5, which set a July 1 deadline for that insurance coverage. +> +> “No such finding (that drivers are employees) was or could be made by the Assigned Commissioner, or even by the full Commission,” the four ride companies wrote in a motion filed Tuesday. “There is a substantial risk that the Scoping Memo will be misinterpreted, and that the ultimate decision in this proceeding will be based on an erroneous legal foundation.” +> +> The four companies said they want the commission to clarify that the scoping memo statement “is not a determination that drivers who use the TNCs’ (software and services) are employees.” They also want Shiroma, the scoping memo’s author, to clarify that “she did not reach — nor is authorized to reach — any decision finding that all TNCs are obligated to provide workers’ compensation insurance for drivers.” +> +> Uber and Lyft fiercely reject any contention that AB5 means they must reclassify drivers as employees, and are battling that possibility in the courts and with a November ballot measure. +> +> Now they are also battling the state commission that regulates them. +> +> The motion said the commission lacked any authority under AB5 to make decisions or findings on drivers’ employment status. Instead, that authority rests with courts, it said, referring to a misclassification lawsuit against Uber and Lyft by the state attorney general and city attorneys. +> +> Moreover, the memo was written by a single commissioner, who “lacks authority to resolve a contested issue of substantive law,” the companies wrote. Only the full commission could determine that, they said, and that would require hearings, public input and a formal board vote. The companies said they have a right to present their own “substantial evidence” about why they believe AB5 does not apply to them. +> +> Moreover, they said, the commission already waived its oversight about driver status. In 2013 it wrote that it would not “meddle in their business model by forcing TNCs to designate each driver an employee or contractor.” +> +> The commission did not reply to requests for comment on the companies’ motion. Before the filing was submitted, spokeswoman Terrie Prosper said in a email that it “expects all carriers to comply with the workers’ compensation insurance requirements and will determine a course of action if and when it discovers that a (ride-hailing company) is out of compliance with those requirements.” +> +> “Because AB5 deems (ride-hail) drivers to be employees, the (agency) must ensure that (the companies) comply with those requirements applicable to employees,” Prosper said in an earlier email. +> +> Uber and Lyft both said their focus is on the ballot measure which would keep drivers as independent contractors while entitling them to some benefits and earnings guarantees. +> +> “In the meantime, we are seeking further clarification from the (commission) around their flawed presumptions,” Lyft spokeswoman Julie Wood said in an email. +> +> “If California regulators go beyond their authority to force this misguided policy, it would threaten continued access to this work, and undermine the reliability and affordability of these essential services that Californians depend on,” Uber said in a statement. +> +> The utilities commission already waded into the classification issue late last year. In an order on Dec. 19, Robert Mason, an administrative law judge with the commission, asked Uber and Lyft for detailed responses on why they think their drivers should not be employees. That order requested comments in late July and reply comments in early August. +> +> “There is a possibility, as with all proceedings, that staff proposals are issued for further comment or follow-on workshops scheduled,” Prosper said. “A proposed decision may be issued after we hear from parties, review the comments, and determine if anything else may be necessary to develop the record.” +Who is ready for another week of hodling? 😁 +I know I am! + +Current price "115 minutes in: 174.94 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 $! +https://www.ls-tc.de/de/aktie/gamestop-aktie + +Can you post the volume too? +- +I can't see the volume on my banking app but you can find it online or probably in my comments, since some friendly apes talk about it often. +But remember how low the volume is in the US pre-Market and we're talking pre US pre-market here so I think that the volume doesen't reeeeally matter this early into the trading day. + +Why are you doing this every day, what's the point of posting these numbers, since the volume is nothing compared to the one in the US? +- +I think that it's less about the numbers, it's to show that every minute of every day, there is an ape who's holding GME. +Look through the comments, there are people from all around the world just wishing each other a good morning, how awesome is that? +I think that this feeling of camaraderie is critical, it's good to know that I'm not the only one liking this stock. +I'm holding since november and I will continue to hold for my brothers and sisters. +We are not a union, we are all individuals who like the stock, but we're still family! + +Starting: 174.58 US-$ + +5 minutes in: 174.03 US-$ + +10 minutes in: 174.09 US-$ + +15 minutes in: 174.09 US-$ + +20 minutes in: 174.09 US-$ + +25 minutes in: 174.09 US-$ + +30 minutes in: 174.09 US-$ + +35 minutes in: 174.15 US-$ + +40 minutes in: 174.15 US-$ + +45 minutes in: 174.15 US-$ + +50 minutes in: 174.15 US-$ + +55 minutes in: 174.15 US-$ + +60 minutes in: 174.15 US-$ + +65 minutes in: 174.15 US-$ + +70 minutes in: 175.00 US-$ + +75 minutes in: 174.45 US-$ + +80 minutes in: 174.58 US-$ + +85 minutes in: 174.88 US-$ + +90 minutes in: 174.82 US-$ + +95 minutes in: 174.82 US-$ + +100 minutes in: 174.82 US-$ + +105 minutes in: 174.94 US-$ + +110 minutes in: 174.94 US-$ + +115 minutes in: 174.94 US-$ + +The US pre-market is about to open so that's it for the day 🇺🇸 +I wish you all a great start into this week! +Let's give 'em hell 👋 +I know the math, but it always feels weird trading time for money -- + +this morning, my short 20C Dec 23 was about -$4.5 with less than $0.02 of optionality. Since I wanted the short theta on it instead of short delta, I rolled it out to 24C 1/21/22 for $4.15, or about $3.80 of optionality. + +So instead of thinking about it like "I lost $2 on the contract", it instead turned into "I lost 1 month of income on the contract", and if we should be so unfortunate to be 28 VXX in Jan, then I'll lose another month by rolling it out to Feb + +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. +&#x200B; + +https://preview.redd.it/p5cai44ov6o71.jpg?width=700&format=pjpg&auto=webp&s=6423a5a66e2edc6312d2a1c15f2fb896fcffa575 + +*This is one of a series of posts where I will apply my fast and dirty historical fundamental analysis to some of the biggest dogshit stocks of 2021. If you are interested in the process I use below to evaluate a stock, check out* [How Do I Buy A Stonk???](https://www.reddit.com/r/ASX_Bets/comments/lzjpvf/how_do_i_buy_a_stock/) + +# The Business + +&#x200B; + +https://preview.redd.it/oxheghold6o71.png?width=700&format=png&auto=webp&s=92beb9845c4d475773c2641b269cfdf74462432e + +Decmil is an construction and engineering business founded in 1978 by Dennis Criddle. The company found its roots in Pilbara region of Western Australia, based in the small town of Karratha. The area is a major region for iron ore mining and LNG. The town itself only having started a decade earlier 1968 as part of the boom in mining. + +Decmil really started to hit their stride in the 80s, landing a major contract for Woodside in 1988. In 2005, they listed on the ASX stock exchange. The share hit its ups and downs, until really taking off in 2009. It was likely as a result of some of the major work they secured for Woodside’s Pluto LNG plant. + +Over the years, Decmil has completed projects for major players like Chevron, Rio Tinto, Fortescue, and QGC, as well as various State governments. Their capabilities at this stage span the infrastructure, resource, energy, and general construction sectors. They have built everything from bridges, roads, work camps, mining facilities, energy infrastructure, hospitals, schools, wind farms, and solar arrays in the 40 years they have operated. + +# The Checklist + +* Net Profit: positive 6 of last 10 years. Bad ❌ +* Outstanding Shares: 2 major dilutive credit raises recently. Bad ❌ +* Revenue, Profit, & Equity: revenue unreliable, profitability deteriorating, and equity falling. Bad ❌ +* Insider Ownership: 8.9% w/ on market buying in last 12m. Good ✅ +* Debt / Equity: 29.4% w/ Current Ratio of 1.6x. Good ✅ +* ROE: -(4.0)% Avg L10Y w/ -(8.9)% FY20. Bad ❌ +* Dividend: 17.1% 10Y Avg Yield w/ No dividend FY20. Neutral ⚪ +* BPS 83.3cents (0.4x P/B) w/ NTA 20.2cents (1.8x P/NTA). Good ✅ +* 10Y Avg: SPS $3.02 (0.1x P/S), EPS 0.2cents (182x P/E). Neutral\^ ⚪ +* Growth: +1.2% Avg Revenue Growth L10Y w/ -(33.6)% FY20. Bad ❌ + +**Fair Value: $1.67** + +**Target Buy: 10cents** + +^(\^P/S is exceptionally good and P/E is exceptionally bad, so I’ve gone with neutral, given the potential is there for decent EPS if profitability can be improved to FY11-FY14 levels. Indeed, the wide disparity between the historical fair price and the target price can be attributed to the very thin average EPS coming off multiple and significant losses in recent years and the otherwise low NTA value.) + +# The Knife + +[marketindex.com.au](https://preview.redd.it/7o2ane34e6o71.png?width=1843&format=png&auto=webp&s=6bfdde4545fa5b9c058b03bfee2284c97d983abe) + +As has been a theme lately with the stocks examined in the Catching the Knife series, DCG is yet another that recently conducted a 1:10 reverse split to sure up otherwise completely decimated per share figures due to massively dilutive capital raises. + +The high for DCG as a result was the equivalent of $38 per share ($3.80 at the time), all the way back in 2011. The fall for this stock has been volatile but otherwise trending down for the 10 years since. Those that bought in 2011 at its height would be down **99%** of their investment. Even those who bought in after the reverse split at the end of 2020, would be down 43% YTD. + +At their height, DCG commanded a half a billion market cap and was peer with some of the largest Australian listed construction and engineering firms on the exchange as a member of the exclusive ASX200 index. However, DCG was finally cut from that list in March of 2014. More recently, last year in June, it was removed even from the All Ordinaries index. At its present market cap, DCG isn’t even amongst the top half of the 2400 odd companies listed on the ASX, with a capitalized value barely more than a nano-cap. + +# The Diagnosis + +The short answer: DCG’s fall from grace is a 10-year story of nepotism. + +The long answer: Perhaps that’s a bit flippant? There might be a bit more under the hood, but it is striking that Scott Criddle, the son of the founder, oversaw as CEO from 2010 to 2020 the catastrophic decline of this 40+ year old company. + +&#x200B; + +https://preview.redd.it/qu1l7v6je6o71.png?width=1086&format=png&auto=webp&s=8001450f71c4a0ab24ca43c90908635005dedd32 + +In a 2013 interview with the Western Australian, Mr. Criddle remarked that money doesn’t motivate him as much as it should. “If you enjoy what you do, money will become a part of it.” In hindsight, I’m not so sure that worked out for well for him. It’s hard to pinpoint exactly where the sentiment changed, but certainly by 2016, making money was not quite as simple as enjoying the work. For one, DCG revenue had been cut in half and they posted quite a significant underlying loss. + +Badhodlers by that point were lamenting the idea that Mr. Criddle would be signed up for another 5-year contract as CEO. He was and the losses continued. While DCG was able to find more work by 2018 to bring them back to the level of business they previously had years prior, their profitability was only a shadow of what it once was. + +Part of the problem was a string of delays, cost blow outs, and litigation resulting from multiple projects. One of the largest was the termination of a contract that DCG’s New Zealand arm had with the Department of Corrections there. Months of delays and cost blow outs resulted in DCG losing the contract and even worse, having to put their NZ arm of the business into liquidation. + +In FY20, DCG took another write down to the value of its accommodation village in Gladstone. They had been trying to sell the asset, but couldn’t find any willing buyers. This fact may have been quite poignant for the badhodlers at the time. Had DCG been able to sell the development (valued around $80-90m), perhaps they wouldn’t have had to conduct $50m capital raise that year. + +Gordon Gekko, the fictional and reviled fund manager in the classic movie *Wallstreet (1987)* which won Michael Douglas an oscar, said “Greed… is good.” Described as drive that “captures the essence of the evolutionary spirit,” perhaps he had a point? + +&#x200B; + +https://preview.redd.it/0hyddjqxf6o71.png?width=1100&format=png&auto=webp&s=e80f103ee70a1fbaeeafd4eed0fdb5cc31b05553 + +Ultimately, Mr. Criddle had to step aside as CEO in 2020 and Dickie Dique took the helm. At that point the writing was on the wall. The company had had to go to market with a capital raise twice in the 3 years prior to stay afloat and they were still posting losses. While the share registry had been quite consistent up until 2017, by 2020 DCG had tripled the outstanding shares. This is on top of their dramatic decline in profitability and the significant losses siphoning off equity. The stonk was in the gutter. + +&#x200B; + +[FY21 Annual Report](https://preview.redd.it/va4ba3bag6o71.png?width=1400&format=png&auto=webp&s=3ee11b5941728150da574fd84fc89075c31f7056) + +In fact, much of the board of the directors and leadership team were refreshed in 2020, likely pressured from major stakeholders to make major changes to get the company back on track. Such is the legacy of the Criddles, while they are still on the board with some of the largest stock holdings in the company, they don’t bear a mention in the FY21 annual report as being a part of the board or executive leadership team. + +# The Outlook + +With the change of the guard, are things finally looking up for DCG? The jury is out on that one. But it would seem that, despite leaving badhodlers bleeding out, the company has not had a shortage of business. + +&#x200B; + +[FY21 Annual Report](https://preview.redd.it/kvzzkweig6o71.png?width=1100&format=png&auto=webp&s=228a7ce29cefe78b2e26478078d498be562b2b22) + +As of their FY21 annual report, DCG claim to have 570m worth of contracted or preferred work out to FY24, with $400m of that coming in FY22. Since the report was released, another two projects were announced as won, totalling an additional $117m worth. + +Purely on a macroeconomic front, DCG’s business operates primarily in the infrastructure sector, with another significant portion in the energy industry. Both of which appear to have some boom times ahead of them with investments increasing in the years ahead. + +&#x200B; + +[investment.infrastructure.gov.au](https://preview.redd.it/vholtuosg6o71.png?width=1400&format=png&auto=webp&s=639e3d3ef9f807d8dcb1528214b2200adac23478) + +On the Department of Infrastructure website, the Federal Government indicates that they are looking to invest $110b in infrastructure over the next 10 years. Much of DCG projects revolve around roads and bridges, and they work hand in hand with the government on these projects, so that is certainly set to be a tailwind for the company. + +&#x200B; + +[RBA: \\"Renewable Energy Investment in Australia\\" \(Mar 2020\)](https://preview.redd.it/rldgtzcxg6o71.png?width=1200&format=png&auto=webp&s=d38d3d6265c395c15885ec6b0b637b1bb579ba8e) + +Furthermore, the RBA in an analysis of energy investments in 2020 indicated an increasing amount of money being pour into solar and wind projects over the last few years. That is unlikely to abate, and indeed all indications now are that ESG oriented projects will get preferential treatment by banks and investment firms. DCG’s experience building both wind and solar projects again gives it a good position from which to win a share of the work going forward. + +Lastly, DCG’s longstanding relationship with the LNG industry should continue to pay dividends, even if their stock does not. As I had explored in some depth in the Catching the Knife instalment on [Origin Energy](https://www.reddit.com/r/ASX_Bets/comments/n1va2b/catching_the_knife_the_largest_australian_energy/), the gas industry is ideally positioned to benefit in the medium term from the transition away from coal powered energy. So I expect there to be continued opportunity for DCG to procure work in that industry as well. + +# The Verdict + +The thing is about all this potential new work is that DCG still hasn’t demonstrated that they are capable of extracting a profit from any of the projects they win. And that ultimately is what they need to do as right now, as winning projects hasn’t really been the issue. As it is, with 1 year in, the new team is still yet to show shareholders the goods, posting yet another loss in FY21 report. + +Despite all the implications that there is a fresh start amongst the leadership team, there might be a bit of marketing to that. For one, Dickie Dique isn’t new to the company, only new to the role. Reading past the “appointed… May 2020”, he served as an Executive General Manager prior to that. Add that to the fact that technically, the Criddles are still players behind the scenes with substantial holdings. + +&#x200B; + +https://preview.redd.it/e8k3uj4ph6o71.png?width=900&format=png&auto=webp&s=2dc6f9d0ec23ad4cad5148348104c1ce7d260a97 + +To the contrary, only this month did DCG complete **another** capital raise to “improve the balance sheet”, which is funny, since none of these raises thus far have seemed to make their position any better. If anything, the balance sheet gets worse each year, with more debt and less equity on the books. + +The latest raise has pushed the overall share count up to 155m shares. This represented another +20% to the outstanding count and making the ultimate dilution about 400% from what it was in FY18 (44.1m). On it’s face, it doesn’t strike me as a change of winds. + +To be fair, there is some new blood in the ranks. There is talent from Fortescue, Transurban, Leighton, and NRW on the board or leadership team at this point. One of the leadership team has returned to DCG after working with them between 2008 to 2013 as well. So, that is promising on its face. + +Though, one thing that stands out like sore thumb is the fact that the new chairman’s background is law, and he specifically has expertise in insolvencies. The word is mentioned not once but twice in his short bio… + +Perhaps just a coincidence? + +**Sunraysia Solar Farm Dispute** + +[Sunraysia Solar Farm, photo from Decmil website](https://preview.redd.it/rjut699qh6o71.png?width=1100&format=png&auto=webp&s=aefd8bd79274049d4615219f7da1fad6e22caeb5) + +One looming issue is the litigation over the solar farm that DCG has been building for Sunraysia. At the end of 2019, DCG gave a market update on the project, stating that Sunraysia has not yet received required registration from the AEMO for operation. And while they were committed to help Sunraysia with this process, the developers involved were refusing to award DCG with extensions of time or payment for additional costs from the impacts associated with the delay. + +As it stands, DCG is due to go to proceedings later this year, and the project, as far as I’m aware, still hasn’t been completed. There is a very real prospect that DCG could be on the hook for more money if things go south in that. + +&#x200B; + +[Is participating in a capital raise simping for a stonk? 🤔](https://preview.redd.it/f25ih31uh6o71.png?width=900&format=png&auto=webp&s=af875a1be1e3669ec21e6824ca2cc9bc01d283ad) + +And I think everyone knows what that means... + +Perhaps DCG is a prime example of why Downer EDI announced at the end of last year that they would no longer take on any further solar projects, as the difficulty and therefore material risk associated with them was far too great. + +# The Target + +Pending a positive, or at a minimum neutral, result coming from the Sunraysia disputes, the question becomes what is DCG worth now? + +Very difficult to say, really, owing to the fact that they have yet to demonstrate a reliable profit. However, one can make some basic estimates based on the orderbook and projects awarded to get a ballpark figure. + +&#x200B; + +https://preview.redd.it/xylt6qb0i6o71.png?width=1076&format=png&auto=webp&s=0c0069a00093af4bd637660b62f47475c279de1a + +There is a number of assumptions one must make though for this to yield any decent figures. + +For one the latest annual report indicated an orderbook of $570m extending out to FY24, with $400m expected in FY22. This was contracted and “preferred” numbers, so perhaps it is on the high end of what is possible. But with $116.9m of new projects announced since then, perhaps using the outlook figure is not far off. + +From there, the tricky part is what sort of earnings will DCG make? If one work off the last 6 years, the odds are the they will post yet another loss. However, taking a punt in DCQ would imply confidence in the turnaround with the new board and leadership team. So, perhaps allowing for a very thin profit level is a good place to start. Last 10 years average margin was 0.3%, with 2018 and 2019 pulling in 0.2% and 2% respectively. I think it’s reasonable and conservative therefore to allow for a 1% margin for forecasted earnings in FY22 as the start of a turnaround developing. + +Last adjustment would be to the equity, where I’ve chosen to strip out the good will and intangible assets. This seems prudent for a company that may well go bust if things don’t pan out like they need them to. + +This gives us the following per share fundamentals: + +* SPS – $2.58 +* EPS – 2.6cents +* DPS – None +* BPS – 20cents + +Using these numbers, I can generate the following fair and target buy prices: + +**Fair Price (FY22) - $1.21** + +**Target Buy (FY22) – 32cents** + +It is worth noting that some broker estimates have DCG projected to earn 7cents per share in FY22. If that is the case, then the current share price is actually a pretty decent deal. On the other hand, should Sunraysia really go pear shaped, DCG's share could ultimately be worth nothing. So, the risk inherent in this punt is certainly quite high. Even buying under what is currently the net tangible book value would not seem to be a safe level, as the costs associated in another loss could strip that out. + +I think with as many other opportunities as are out there, it probably isn’t worth punting on. Until DCG can demonstrate they are profitable, and that their Sunraysia dispute is resolved, the risk benefit just isn’t quite there in my opinion. But if they can show some traction in a turnaround with some positive profit margins, and get a decent result to resolve the Sunraysia issue, maybe medium term value is in the $1-2 range. + +# The TL;DR + +Started in 1978 in the far north outback of Western Australia, Decmil has worked as a construction and engineering outfit that has serviced some of the largest players in the resources and energy sectors. In addition to that, it also built a substantial presence within the government infrastructure sector, building everything from roads and bridges, to hospitals and schools. + +The last few years have been quite rocky for them. Profit margins have deteriorated to the extend that the company has posted quite significant losses for 4 of the last 6 years. Those two years that they did make money, it was only to barely break even. Cost blow outs, delays, and litigation have done and continue to do damage to the company, requiring multiple capital raises to stay afloat. Once an ASX 200 company, it's now barely more than a nano-cap. + +A new leadership team has been recruited to try to turn the company around, but as of yet, indications of Decmil becoming profitable have not yet materialised with FY21 posting yet another loss. With a major dispute still pending resolution, and no guarantee that they can make money out of the half a billion worth of projects lined up in the next few years, this stonk is truly a punt that could very well be worth nothing. + +*As always, thanks for attending my ted talk and fuck off if you think this is advice.* 🚀🚀🚀 + +*I'd love to hear other's opinion on DCG and whether there is potential here that I am not seeing. Also, suggest other dogshit stocks that are/were on the ASX 200 index, and I might put them on the watchlist for a DD in future editions of this series.* + +*On Deck Next Fortnight: FMG* + +*Currently on the Watchlist (no particular order): URW/SCG, CGF, IPL, Z1P, RFG, AZJ, FLT, QAN, CWN, FNP.* + +[Previous Editions of Catching the Knife](https://www.reddit.com/user/Nevelo/comments/sfc7gi/catching_the_knife_series/) +The daily probably would've served for this[,](https://imgur.com/JAcQnZ5) but a dose of lithium might perk up the [introspective username-taken82](https://www.reddit.com/r/ASX_Bets/comments/zu46ue/merry_christmas_cucks/?utm_source=share&utm_medium=web2x&context=3). +I think it's fair to say that we all share the disappointment of lifestyle directors that mentioning lithium pegmatites no longer adds $100m to explorers' market caps. + +I've discovered that there's about a **6 week turnaround on consumption of battery materials and selling an EV**, which explains the price action below pretty well. +Cars need to be bought by 31st December to be eligible for subsidies, which matches the mid November peak. However, you'll also get a slight overflow of orders onto January waitlists, which probably accounts for the sustained strength through to the end of November. It matches Tesla's 2 week waitlist in China not so long ago, but no idea about BYD, who have far more models. At one point, their wait lists stretched out to about 2 months, which would've seen lithium pushing through this quiet period, but clearly, those have evaporated. I tried to keep track of it, but there just wasn't enough reliable data coming out, though the signs were there. + +If you're not familiar with the Chinese New Year, it varies, and this year, takes place unusually early (Jan 22nd). So there should only be around 14 working days in January, meaning that it was always going to be a soft month for sales. + +|**Date**|**Battery grade**|**Technical LFP grade**| +|:-|:-|:-| +|Dec 28|¥536k/t(9)|¥506k/t(8)| +|Dec 21|¥550k/t(9)|¥532k/t(10)| +|Dec 14|¥569k/t(11)|¥547k/t(11)| +|Dec 07|¥580k/t(10)|¥563k/t(10)| +|Nov 30|¥588k/t(10)|¥575k/t(11)| +|Nov 23|¥600k/t(10)|¥579k/t(9)| +|Nov 16|¥601k/t(10)|¥585k/t(8)| +|Nov 09|¥594k/t(8)|¥579k/t(7)| +|Nov 02|¥584k/t(8)|¥567k/t(10)| +|Oct 26|(sparse trades)|(sparse trades)| +|Oct 19|¥549k/t(7)|¥537k/t(7)| +|Oct 12|¥537k/t(8)|¥521k/t(8)| +|Oct 05|(sparse trades)|(sparse trades)| +|Sep 28|¥525k/t(9)|¥509k/t(8)| +|...|...|...| +|Jul 06|¥481k/t(10)|¥459k/t(10)| +|...|...|...| +|Apr 07|¥494k/t(6)|¥467k/t(5)| + +You've probably realised that if there's a 6 week delay, and suppliers had expected demand to kick up again at the start of Feb, then prices should've consolidated mid December, which they didn't. +Obviously the industry is betting on February softness, and it's not until then that we'll discover if the prediction is accurate. +So I won't be surprised if prices keep easing down for another 6 weeks. + +They're still high. During the April pump depicted on the chart below, spot prices were \~10% below where they are now. +Interestingly, all producers and developers are equal with, or below, their April high, excluding PLS. I had to remove SYA and CXO because they skewed the graph too much, but they follow the same pattern. +That make sense really, because in this game of sentiment, slightly lower rising commodity prices ought to trump higher prices that are easing. + +[April peak circled in black](https://preview.redd.it/skuz5qth2e8a1.jpg?width=1553&format=pjpg&auto=webp&s=59aa2f9d59ded29ff1be6155f9e958d6ca265ab8) + +I've only ever found futures useful for one thing: vaguely predicting whether the industry expects prices to rise or fall from current levels. +[It's no surprise the're predicting a fall, but not as much as you might think](https://www.cmegroup.com/markets/metals/battery-metals/lithium-hydroxide-cif-cjk-fastmarkets.settlements.html) (click link for Nov '24): + +[hydroxide futures US$X\/kg](https://preview.redd.it/mvd903123e8a1.jpg?width=1254&format=pjpg&auto=webp&s=4f67289eb52835400cd3811de0c2e85eac0315e1) + +Note that these are hydroxide futures, not Chinese carbonate spot, so I've done a VAT adjustment to put them on the spot graph below as forecast. +I've also added estimates from a number of analysts, many of which still don't really understand the hydroxide/carbonate dynamic. To keep the table consistent, every estimate is based on their **hydroxide forecasts**. Note that these may change very few months. + +[various price estimates by Dec 2024](https://preview.redd.it/jyuul67g3e8a1.jpg?width=1597&format=pjpg&auto=webp&s=e008af75f9f07de1919afc2c8d4c45c4def20641) + +Why is GS so far from the consensus? It's because they fundamentally differ in their battery manufacturing build out prediction. Benchmark Mineral Intelligence, widely accepted as the industry leaders, have a forecast that exceeds GS's by >60% by 2031, even after I add in consumer electronics and other: + +[BMI v GS](https://preview.redd.it/o03vtmqj3e8a1.jpg?width=1990&format=pjpg&auto=webp&s=7451be54798ce0e156703756905a09d6a239c96b) + +If you had access to GS's latest lithium report, you can see they had to adjust their 2022 demand up 15% in a matter of months, from 702kt to 803kt: + +[old forecast = top, new = highlighted yellow](https://preview.redd.it/59800zum3e8a1.jpg?width=760&format=pjpg&auto=webp&s=11a021f6a35138e6bd2c495103f6fd8091de9e61) + +Despite that, they've only adjusted their 2023, 2024 & 2025 estimates up by about 5-7%. OK, so they think a recession is happening next year, which might explain the subdued rise over the next 12 months, but why such a plateau on 2024 & 2025? BTW, ESSs are currently growing more YoY compared to EVs in China, so they'll need to redo that forecast at the very least. + +Anyway, with the exception of GS, every analyst thinks market rate spodumene will more or less remain above US$2,500/t through to December 2024. If you want to see how the developers fare at US$3k/t in 2025, see [this post](https://www.reddit.com/r/ASX_Bets/comments/wm9lut/lithium_cycle_feat_speculative_npats_from_avz_cxo/?utm_source=share&utm_medium=web2x&context=3). + +Based purely on putting numbers in a calculator, some developers still stack up decently at current SPs. But the market shuns calculators, and lithium spot prices decreasing generally means producers & developers will decrease. PLS & AKE should release reports in the next 5 weeks to reassure the market I suppose. But ultimately, a weakening commodity price means they'll be swimming upstream, which is never ideal. + +As for explorers, they should endure pricing weakness well, because at US$2.5k/t, even digging lithium out of your backyard is nearly profitable. +Here's a current explorer table. I don't want to include unproven secondary tenements from RDT, WR1 & LRS, but I know it'll likely lead to queries in the comments if I don't, so I've just gritted my teeth and added them. +*Note that due to the amount of warrants PMET has, this table may be slightly unfair as it doesn't reflect the conversion of those warrants into cash balance*. + +||**GL1**|←|**ESS**|**GT1**|←|**PMT**|**WR1**|←|**RDT**|←|**LRS**|←| +|:-|:-|:-|:-|:-|:-|:-|:-|:-|:-|:-|:-|:-| +||Marble Bar|Manna|Pioneer Dome|Seymour|Root|Corvette|Adina|Cancet|Mt Ida|Yinnetharra|Salinas|Catamarca| +|**MCap AUD F/D**|$496m|←|$88m|$215m|←|$1.07b|$158m|←|$230m|←|$231m|←| +|**Approx cash**|$75m|←|$7m|$55m|←|$12m|$17m|←|$65m|←|$25m|←| +|**Share Price**|$1.835|←|$0.32|$0.78|←|CA$7.63|$0.95|←|$0.46|←|$0.098|←| +|**Resource (t)**|18.0m|32.7m|11.2m|9.9m|\-|200m?|\-|\-|12.7m|\-|13.3m|\-| +|**Ore Grade**|1.0%|1.0%|1.16%|1.04%|\-|1.4%?|\-|\-|1.20%|\-|1.20%|\-| +|**Lithia (Li2O)**|180,000t|327,000t|129,000t|102,960|\-|2,800,000?|\-|\-|152,400t|\-|159,600|\-| +|**Earliest spod prod**|H2 2025|H2 2025|H2 2025|2026|2027|2027|2026|2026|H1 2025|2026|2026|2027| +|**Scoping study**|Q1 23|Mar 23|Jan 23|PEA Mar 23|\-|\-|\-|PEA Jun 23|announced|\-|PEA Mar 23|\-| +|**Location**|AUS|←|AUS|CAN|CAN|CAN|CAN|CAN|AUS|AUS|BRA|ARG| +|**Mining licence**|no|no|no|no|no|no|no|no|yes|no|no|no| +|**DMS or flotation**|both|both|both|DMS|\-|DMS|DMS|DMS|both|\-|DMS|\-| + +I've updated timelines according to GL1's latest interview, which will be relevant for all explorers, and gives a further edge to RDT and their Mt Ida mining licence. Note that RDT just added 120m extra shares to a 380mill float (which are now well underwater), so that'll take time to work through. +GT1 breathed some life into their prospects with a potential DMS only operation, and Canadian plays have been pretty popular recently. The govt is reviewing how they can [streamline the 3 year permitting process](https://www.cbc.ca/news/politics/critical-minerals-strategy-1.6679728), and they're going to need some pretty quick action on that if they want to throw punches with the AUS explorers. + +&#x200B; + +**Battery swap stations** + +I scoffed when I first heard of battery swap stations, but now I think they could be the future for auto makers. China already has [1900](https://twitter.com/MoneybaII_R/status/1602132546124681216) of them, and I took a quick look at the economics *within China*. +You save about $13k on a Nio car by opting to rent a battery, and I roughly calculated it'd take 6.5 years before you were out of pocket. But that doesn't factor in access to the latest batteries, or natural degradation in the one you own. It's an interesting prospect for high turnover fleets, albeit out of their price range currently. +But for a person driving obscene amounts of ks and not charging off solar, the return on a rental scheme would be pretty impressive. +I'm curious about how it stacks up financially for Nio. +I imagine the biggest costs would be asset write-downs, particularly batteries, automatic machinery and solar panels. But the accounting write-down for a solar panel would be heavily mismatched to its potential 50yr life, surely. +On average, they're 100kw in size, which probably generates 400kwh per day in sunny parts of China. So if cars are using a 75kwh battery, you can only service 37 cars per week using solar, and the rest will be *less* profitable as the station is forced to draw from the grid to charge batteries. But they should still be able to manage the station sufficiently to draw during off peak times where possible. + +I'd love to see Nio's books, but I'm guessing the path to high profitability in this model is: + +* access to cheap solar panels in China +* high sunshine locations (southern China, Australia, southern Europe...) +* reduce battery sizes as swap stations make range less critical +* large metropolitan areas +* vertical integration + +The last one is key, IMO. You need to be making your own batteries to really maximise your returns, and Nio is doing precisely that from 2024. +Regarding point 3, if they bring out a 40kwh battery model they could service 70 vehicles per week on a station. And sure, cheaper models would need cheaper battery rental costs, but the relative profit would be much higher. +Nio alone aims to control a combined solar capacity (not output, though) of 300MW by 2025, double that of South Australia's battery plant. + +Dump trucks are firmly in favour of EVs over hydrogen (FCEV), and due to swap stations, I'm changing my mind about long haul trucking, which I now think is a reasonable chance of being the domain of EVs, too. + +Edit: finalised spot prices ending 28th Dec +I'm in my mid/late 30s now. Eleven years ago I graduated from college and saw that people tended to work hard during the week and then relax on the weekend. I decided on a different model. I decided to work hard for "ten years," but then have financial freedom for life. I decided these ten years would be my "throwaway" years where I would live with a low cost of living and would sacrifice my social life. I cannot even relate to my old hobbies (dancing, yoga, martial arts) anymore and I have watched my college friends get married and not invite me to the weddings. I never married, never had kids. I have no family within 100 miles. + +(After a year into the "ten years" I pivoted from another path and relocated to a smal town to focus on carving out a niche for myself in a family business doing deals and making the business more efficient and have gained a larger ownership stake over the years. My NW is presently +/- $10-20M. It will take a few more than "ten years" (closer to fifteen) but by 40 I should be able to personally take $500K+ annual income out of the business with a 2-day workweek and not feel guilty about it.) + +A good friend warned me that this path would make me give up things I couldn't get back. In a way he was right. My life is not all a sob story. I have a few good buddies. I have had girlfriends. I do take vacations, but I am too old for it to be appropriate for me to go backpacking at youth hostels. I never married, and the dating pool is much different at this age. I've lost a lot of friends. I'm pretty uncultured, and untraveled, having spent 10 years living in a small town. I am in therapy and have some anxiety and social anxiety. It is hard for me to trust people. I feel somewhat damaged. + +I am still happy I didn't go the 9-5 route. I would have never been happy at mediocrity. I always knew that whatever path I took needed to involve what I call a "shot at glory" for an endeavor to interest me. But was I wrong to spend ten to fifteen years as "throwaway years" to get to my goal? Should I have strived for a better balanced life from the beginning? I see a lot of OPs mentioning their spouse and children but I don't have those. Is there anyone else who felt like they had to throw away a lot of years of their life in order to achieve their goals? I have a high net worth but have always reinvested the money back into the business. For those who sacrificed for years and then finally started spending, does life get better or do you regret sacrificing years of your life? Any questions or comments are welcome. + +TLDR: Is it worth it to sacrifice fifteen years living as a workaholic but walk away with $500K passive income for life? +**First remember, Ethereum has the developer mindshare, and the support of transparent, accessible, respected leaders in blockchain development.** This makes everything Ethereum can do, and will, a physical reality. + +Consider three development milestones that are coming to reality. + +* CASPER - the upcoming Proof of Stake (PoS) consensus protocol that removes the need for “mining” (Proof of Work, PoW). PoS consensus is not new, but CASPER’s unique properties is designed with Ethereum in mind. The team around Casper is led by the well-respected Vlad Zamfir and Vitalik Buterin. Vlad is known for being critical even of Ethereum's ETH, with sentiments that it’s currently not safe, coupled with clarification that it is likely safer than any other blockchain. In other words, this is still the early phase for all crypto, but Vlad is focused on making it safer and better. PoS is safer and more secure than PoW, and CASPER is an innovative PoS model. +* Plasma - off chain scaling solution that is relatively simple, cost-efficient, and a poised to scale ETH’s blockchain to that needed to be a true web3. Plasma leadership is also pretty jaw dropping. Joseph Poon, a co-author of a famous Bitcoin “Lightening Network” (what is thought to be just Bitcoin) is the first author, along with Vitalik Buterin, on a lightening-like network on steroids that perfectly fits with Ethereum. +* Sharding - on chain scaling solution. Scaling is critical for ETH integrate into all aspects of web3. Scaling on chain has some nice properties for overall blockchain security than off chain scaling (like Plasma), and you can read more about sharding [here]( https://github.com/ethereum/wiki/wiki/Sharding-FAQ). Also, Plasma and sharding work well together. Sharding makes plasma better. + +**Honestly, if the world judged its investments by the fundamentals of the team backing the work, the vision of the work, and whether the technology will see the light of day, Casper and Plasma alone should flip ETH to the dominate global blockchain this very moment.** Sharing is a giant cherry on top of the icing on the cake. ETH is fucking it! + +Basically, these two technologies are coming, of that there should be no doubt. With them, ETH can do everything other chains can do, and do it better. + +Let’s consider some common sentiments + +Why would ETH not be a better gold than Bitcoin given it is more secure? Also, with zkSnarks (coming this year), there are added privacy elements to ETH that make Bitcoin less attractive as a transfer of value. ETH off chain solution makes is fast for micro-transaction, cost effective, eliminating anything attractive in the pitches for chains like RIPPLE, IOTA, NEO, DASH, TEZOS, etc. CASPER and Plasma (with sharding as a cherry) is as capable as one would need for ETH for the foreseeable future. On top of all of this, ETH has the developers. The developer tools. The momentum and mindshare that is creating an explosion in decentralized applications, often from the most respected of stake holders. Ethereum is now the technological global standard of Web3. + +Ethereum has already won the race. Yes, Casper and Plasma are not yet active. But for fuck’s sake look at the team and momentum. It’s happening! There is NO, NONE, NOTHING, with this level of momentum in the crypto space. **Ethereum is it.** + +If you are reading this, do not feel bad, it is actually a very common mistake. I will confess that early in my investing career something very similar happened to me. + +Its too bad you deleted the post, it would have served well as a warning to others. + +I will repeat it here for those that missed it. + +Summary of OP's tale of woe: + +Guy buys EVCA at $0.0002 (he says 0.0001, but that is highly unlikely). The common thought process here for the uninformed is that the stock can not possibly get any cheaper. + +Well, it turns out that it can. + +EVCA does a reverse split, (1:20?) and the stock now trades at $0.03. OP does not keep up with news events, misses all the press releases and checks stock price today to see that his investment *should* be $29K! Woohoo! \o/ + +First reaction is to post to r/investing that you are a $29thousand-a-niare! For this we thank you for thinking of us first, even before you checked your account balance! + +What happened here is EVCA (currently EVCAD, the fifth letter "D" indicates a new issue, in this case it means the stock has reverse split and new dumping of shares will commence) reverse splits, then issues a mess more shares, diluting existing shareholders to nothing. Insiders then issue themselves new shares at the new price and proceed to dump it on unsuspecting buyers. And so the cycle repeats in the world of penny scams. + +Charty goodness: http://www.profitspi.com/stock-chart-str.aspx?id=EVCAD&ca=24062939 + +I don't doubt MSM's fake NFT marketplace announcement was stretegically positioned to cover up FTDs, but I think there's more to the story, since they KEEP talking about it. It has led me to believe MSM has decided to take it upon themselves to announce GameStop's plan now, while hedge funds still have control of the price. + +As we know, there is a significant amount of options contracts that will be expiring worthless on January 21st, which hedge funds are currently using as collateral. Mark my words - the following Monday, January 24th, we will see a significant dip in the market, which I assume will be blamed on Omicron or a new variant. (Edit on 1/20/2022: It will be because of Bye-Den may possibly deploy troops to Eastern Europe and the Baltics). It will actually be to replace the collateral that is about to disappear. **This won’t mean we’ll see an *immediate* impact in GameStop’s price**, but hedge funds will be forced to go into the market and sell-off securities to meet margin calls and continue suppressing the price, which may not last long because a sell off will trigger even more margin calls and liquidations within the market, furthering the domino effect of bankruptcies. + +By reporting GameStop's NFT marketplace now, hedge funds are still able to supress the price. They're also continuing to talk about it because they want people to think it's old news when GameStop does actually make their announcement. + +This is not to say MOASS will happen on or around January 21st. Hedge funds may be able to stay alive as long as there's no extreme shock in demand for GameStop shares. However, no one outside of GameStop knows when their official announcement will be and when demand will start surging. THAT is where I believe options come in. I think at this point, it’s pretty useless to trade options. Hedge funds are able to control the price and manipulate it in their own favor, and there’s also nothing that says they need to go into the market to purchase exercised shares. BUT once the float is locked shares can no longer be borrowed, THAT is when options can be used to inflict max pain. When phantom shares cannot be delivered they will be forced to go into the market for any amount of shares exercised, and that is a way to light the rocket. + +If you're like me, you're probably wondering, how is any of this even remotely allowed to happen? The past year has been absolutely surreal, listening to MSM blatantly lie about GameStop, but nothing compares to today when CNBC and Yahoo! reported that GameStop is working with “Alkaida.” + +While we know that if the past the SEC has been complicit in Wallstreet's corruption, I don't think that is the case here. This has crossed a line. So much so that I don't believe SEC is letting things slide because they're corrupt, they're letting this happen because they know hedge funds are done. It would be like trying to prosecute someone for murder that has only got 6 months to live. That’s not to say that they aren’t working on building a case to punish individuals once everything is over. And they are building a case: + +- *During FY 2021, the SEC awarded approximately $564 million to 108 individuals —both the largest dollar amount and the largest number of individuals awarded in a single fiscal year. The two largest SEC whistleblower awards in the program’s history were paid in FY 2021 — a $114 million award to one whistleblower in October 2020 and a $110 million award to another in September 2021.* + +With that being said, nothing is for certain, and the official party line remains “cell or no sell.” + +TLDR: After January 21st hedge funds won’t be able to control the price, so they’re reporting GameStop’s news early. After the 21st, any shock to demand, including exercised options (especially if the float is locked), may be what launches the rocket. The SEC probably isn’t doing anything about it because they know hedge funds are already done for. +If you haven't read this article then you haven't read the only hard truth written about Ethereum during this dip: + +https://www.nytimes.com/reuters/2017/06/14/business/14reuters-fintech-payments-circle.html + +Circle is moving to Ethereum to provide services to exchange international currencies without charging fees. And it isn't outside the realm of Machiavellian possibility for Goldman Sachs to have its pet politicians submit an anti-crypto bill they know will never pass or be enforced, just to drive down the price of crypto as over-leveraged weak hands panic sell in response. Goldman Sachs then buys up the Ethereum at a discount and maximizes their investment in the coming ICOs and then has its politicians shelve the bill. + +And for the last time, Trump will not enforce crypto regulations even if Congress passes a law. He will just deprioritize the enforcement just like Obama did to a thousand laws he didn't like. Don't believe the fake news about him getting impeached or prosecuted, he's here to stay, and the only reason you'd have to worry is if both him and Pence die mysteriously. By the time the state gets around to being willing to regulate crypto, it will be unable to. It will just be too late and would require an enforcement event on the scale of forcibly removing millions of immigrants from the country. It might sound good to some people, but it will never happen. +https://www.reddit.com/r/investing/comments/eusz3g/people_arent_fully_realizing_the_economic_impact/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +The comments are staggering. Amazing how wrong people were yet they seemed so sure and confident of their dead wrong opinion. Only OP had any common sense. + +Really cool to read posts from Jan2020-Feb2020 and realize how wrong the top comments are. Goes to show you that no matter how confident someone sounds, always question. +A London-based hedge fund that bet against GameStop is shutting down following double-digit percentage losses suffered during the first meme stock rally in January, according to a report published Tuesday by the the Financial Times citing people familiar with the fund. + +White Square Capital, which reportedly managed up to $440 million in assets at its peak, had sent a letter to investors outlining that it would close down the main fund this month and return investor capital following a review of the business model, according to the report. + +Although this marks the first closure of a major hedge fund following surges in these meme stocks, it's certainly not the first to suffer massive losses. The meme stock rally in January saw GameStop stock soar from under $17.25 a share at the start of the year to nearly $400 a share, and at one point gave the beleaguered video game retailer a market cap of roughly $28 billion. +In recent years there's been a theme in boomer media for "ethical investing" that focuses on investing in companies with better environmental records and other factors that make them seem to be better for society. + +BNPL companies are inherently unethical because of their encouragement for clients to spend beyond their means, profit from their late fees and contribute to their financial hardship. + +I can't in good conscience try to trade in these companies because of the damage they can cause families. Is this just a major subconscious cope for missing the boat? + +Or is it the consumers own fault they spend more than they should, and I'm blaming the wrong party? +>Just as the daily stock price is no indication of the quality of a business, the quarterly profitability of a company like Chewy has no bearing on the terminal value. We consistently chose to defer profitability in the short term in order to maximize shareholder value over the long term. + +This 🪑 gives me such a jacking. + +[Full article by the man himself here.](https://www.cnbc.com/2019/07/26/opinion-chewy-is-no-petscom.html) +Hello fellow Hodlers and Gentlemen, + +Lately this sub has seen a big influx of new people and in particular 'mainstream' people. Ethtrader used to be a sub full of nerds and smart money, where most people to some degree seemed to be an 'expert' on some relevant tech or aspect. That meant the daily discussion, apart from being a cozy friendly place with the odd memes, also was a place of concentrated knowledge and wisdom. It used to be possible to arrive late in the day, read the daily discussion thread and be up-to-date on what had happened in this space. Unfortunately this isn't possible any longer. I wonder how many people saw poop_dragon's post on the Ethereum tokens yesterday, for instance. + +Today the daily discussion is running wild like the trollbox on Poloniex. Quality content and good discussions are drowned in the endless pool of repeat questions and repeat bullshit. People are getting frustrated because the daily now is "shit" and has pointed out for quite some time that changes have to occur. But then there's been discussion about how to accommodate everyone's wishes and eventually nothing has changed. + +Could we please make something happen? The daily discussion simply can't accommodate 10000 comments and that appears to be what we're heading for. + +So I have a couple of suggestions I imagine could improve the sub: + +- Stickied noob guide / read first post. Containing basic info and answers for the most asked questions, how to make and track a transaction, set up a wallet and safely store coins, what's the difference between ETH and ETC, etc. This is urgently needed in my opinion. + +- Daily Trollbox dedicated to bs talk, play by play and ticker spam. + +- Stickied alt coin or Ethereum token discussion thread with DD on coins and projects. This could build upon the post from /u/poop_dragon in yesterday's daily: +http://np.reddit.com/r/ethtrader/comments/6d7upl/eth_daily_discussion_25may2017/di0upkd/ + +- Daily/Weekly TA thread. + +- Something else. + +The objective of this post isn't to try and make Ethtrader like it was, that's not going to happen. Rather I think it's necessary to face what Ethtrader has become and what it will become in the future. + +I still think Ethtrader by far is the best sub on reddit and I would like to thank the mods and everyone who participates and contributes to making this place so great. But in order for this to remain true, I think we urgently need to address the changes that are happening. + +What do you guys think? +They handed me my 'plan of care' with a $ amount at the bottom. I said to the tech "Ma'am I don't have it." They took me to the front and we tried to work something out. I got part of what I need but not all. More debt. + +I cried. It really can't be this hard? I stopped taking care of myself after my mother committed suicide in January of 2021 and I'm just now opening up about it (mostly online). + +Pro-tip: GO to the fucking dentist regularly. Even if you can't afford it, it'll save you the stupid $$$$ down the road. Good luck yall. +[https://markets.businessinsider.com/news/stocks/moviepass-owner-hmny-stock-price-robinhood-halting-new-share-purchases-2018-8-1027454830](https://markets.businessinsider.com/news/stocks/moviepass-owner-hmny-stock-price-robinhood-halting-new-share-purchases-2018-8-1027454830) +Wife has a student loan with $1300 left on it. Monthly payment is $85. + +Student Loan forgiveness has been rumored the past year. I doubt it’ll happen. + +Regardless, should I just pay this off in full or continue with payments? +Guys, this is something we are getting slid on- **FINRA 21-19: Short Interest Position Reporting Enhancements and Other Changes Related to Short Sale Reporting** was put up for comment months ago and the comment period was extended to **SEP 30**. No, this doesn't force the MOASS, but this is a super important regulation change and we need to apply our efforts to this as well. + +from FINRA: [https://www.finra.org/rules-guidance/notices/21-19](https://www.finra.org/rules-guidance/notices/21-19) or [pdf](https://www.finra.org/sites/default/files/2021-06/Regulatory-Notice-21-19.pdf) + +>"FINRA is requesting comment on potential enhancements to its short sale reporting program. FINRA is considering: +> +>(1) ***modifications to its short interest reporting requirements*** (Rule 4560); +> +>(2) **a new rule** to require that participants of a registered clearing agency report to FINRA information on ***allocations to correspondent firms of fail-to-deliver positions***; and +> +>(3) ***other potential enhancements*** related to short sale activity. FINRA believes that these potential changes could improve the usefulness of short sale related information to FINRA, other regulators, investors and other market participants. " + +You can see here in point 3 that this is open-ended- THEY WANT FEEDBACK. Nothing is set in stone, we have power here! And although the FINRA is not the SEC, if you didn't watch the last SEC oversight hearing, GG said over and over that he wants to hear from retail investors about potential regulations. He was practically begging us to engage with comments. + +u/dlauer **Dave Lauer** [posted about this 4 months ago](https://www.reddit.com/r/Superstonk/comments/nuidlk/finra_regulatory_notice_2119_new_short_sale/)\- this is super important to market fairness! Please check out his post on why this is significant- + +>Submitting a comment letter can be a very effective way of advocating for change and showing FINRA that there is demand for a far more rigorous disclosure regime. The best comment letters are concise, well cited with evidence to back up claims, and unemotional. I know this is a hot button topic, but my feeling is that FINRA is trying to figure out what to do here, and I would urge you to engage them in good faith. + +&#x200B; + +Additionally, [u/vLVw8MFI4P7SL2g9AW7u](https://www.reddit.com/user/vLVw8MFI4P7SL2g9AW7u/) [did an excellent breakdown](https://www.reddit.com/r/Superstonk/comments/nu28kf/finra_regulatory_notice_2119_filed_64_finra/) on this + +>I think this might be what DFV was [tweeting](https://twitter.com/TheRoaringKitty/status/1401660169579220995?s=20) about earlier. It's saying that instead of reporting short interest twice a month, they want short interest reports EVERY DAY on their desks at 6pm and it sounds like this is the big one. +> +>TL;DR +> +>FINRA's proposing rule changes that would all shine a light up the keisters of institutions that are caught up in FTDs and naked shorting. + +&#x200B; + +And last but not least, credit to [u/MatEngAero](https://www.reddit.com/user/MatEngAero/) for [staying on top of this and reminding us](https://www.reddit.com/r/Superstonk/comments/px9x9p/final_days_of_finra_request_for_comments_on_short/hemczw5/?context=3) earlier today! unfortunately their post didn't get traction, so here I am. + +>This is the last week to submit your CONCISE and PROFESSIONAL comments to FINRA CAT NMS on Short Reporting Requirements and Other Changes Related to SHORT SALE REPORTING, if you wish to do so. +> +>Please see the listed comments for an idea on how to submit! +> +>MAKE YOUR VOICE HEARD! + +&#x200B; + +\----------------------------------------------------------------------------------------------------------------------------------- + +**What is included in 21-19?** If you haven't read any of these posts, scroll up and read Lauer's carefully- FINRA is requesting comments on very specific and significant reporting regs that we need to be making a huff about (civilly) which include but are not limited to: + +\-synthetic short positions via options *BUT NOT swaps*? + +\-firms segregating short positions from proprietary vs customer accounts + +\-reporting timeframe daily *or weekly*? + +\-daily FTD allocations *BUT NOT for public eye*? + +\-should they create a framework about lending activity? + +Obviously ALL of these have a huge degree of variation in potential effectiveness. We CANNOT afford to let this slip by quietly. We must take a stance that every significant firm is morally (and maybe legally?) obligated to apply as much action to fairness and transparency as they do to trading itself. This means spending the money to develop infrastructure that ensures at minimum daily reporting, accurate and complete reporting, and of course things like same-day settlement (that's not part of this reg). + +\---------------------------------------------------------------------------------------------------------------------------------------- + +POST EDIT: Just wanted to say thank you everyone for participation and the awards- they help get the message spread! I wanted to address a few common concerns from the comments and things + +***They're going to dox us!*** This is really your choice, and its easy to prevent that. Use an alias or go anonymous, and use a temporary email or a make a throwaway. + +***This will delay implimentation!*** FINRA is literally asking us *what* to implement. And no, it won't- they will implement when they want to. + +***Regulation doesn't do anything!*** Regulation is typically incremental and is not the same as enforcement. There are multiple parts to a functional system, which we do still need- our economies need it. Enforcement must be based on law, so we need to be proactive about legislation regardless what the current enforcement environment is. 21-19 isn't just that kind of law though, it would also add a lot of much needed transparency to the market, most of which will be helpful to us. + +***Who cares? MOASS BABY!*** This is kind of like "don't dance." Although we are here for the MOASS and GameStop, the economy goes on regardless when we moon, and there are legitimate businesses, firms, and investors besides us who deserve a fighting chance. With all the talk about "lets hear what retail investors have to say," I think regs like these are the best opportunity we've had in many years to be heard and be relevant. This, along with MOASS, is all part of a larger moment in history- the end of willing subjugation of the middle class to the corrupt corporate elite. + +***DRS!*** DO IT NOW!! +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. +Filing to sell 98 million shares held by shareholders. Who didn’t see that coming fucking scumbags. Pump the stock, sell options on their own app then sell the rip. + +Where’s all that money going, who are the shareholders selling? + +Price tanking in premarket, are all the shareholders that bought the IPO still locked in and unable to sell? + +Manipulation at its finest, what a bunch of crooks. + +Fuck them, hopefully they burn and people jump ship more now as pfof hopefully gets burnt to the ground. + +Edit - lol this got me an invite to the “Controversial club” as it was the most controversial post on Reddit in the last hour 😂😂 + +And title was meant to be “I know we don’t like *talking* about…” +Fellow apes, I would like to provide a reminder that this milkshake you're about to drink is not held within quantifiable means. The entire financial system has a giant ass straw shoved into it and it's the holy grail of thicc ass milkshakes. + +With the Ortex news alot of talk about price have come up. If we are potentially 100 - 157 million shares oversold by a single institution, that means we have only sucked up the first tier of the milkshake, and baby, it gets creamier as we drink it. + +We haven't even seen the price really change and they're trying to prime us for the cursed S word. Well, I am absolutely salivating at this peak behind the curtain that I have my straw shoved into. If they think suggesting things will spike and come crashing down will get me to sell they're forgetting that they've already tried that back in Feb 2021. + +Now, if we're only 100 - 157 milly oversold by one institution, I can't imagine what it looks like in others, and can't imagine how impossibly fucked these idiots are. So whatever you do, don't get sucked into the BS, know your worth. + +They need every damn share. + +This is the infinity milkshake motherfuckers. + +Edit: It warms my heart that each time I post these infinity reminders to see more and more of you are starting to understand that infinity is not a dream, hodl and it will be a reality. +Hi, not sure if this is the right sub but dont know where else to post. + +Was purchasing an item on fb marketplace. Only redflag was she wasnt keen on Paypal. Had a few ither items on her marketplace, larger ones were for pickup only. + +Tested if she was ok for me to pickup, she was, sent me address and date/time. Still wasnt 100% so asked fo pic of item with my name/address in background, which she did. She then suggested 60% payment up front and 40% on recepit. Agreed, transferred 60% and last I heard would update me with postal details. + +That was on Monday, have asked for updates/details multiple times since then and had radio silence since then. Read the messages but no response. + +Any advice on who to cintsct or how to proceed? I understand getting the money back is unlikely but I'll be damned if I dont even try 🙃 + + +UPDATE: + +Hey Guys, Quick update: + +Ive contacted the bank, they've said they will speak with the receiving bank and see if it can be resolved. + + +Bank response: + +'Dear *****, I’m contacting you with an update about the incident you reported to us. We have conducted a thorough investigation on the issue you reported to us and we have taken all necessary steps to contact external partners involved. Unfortunately, we concluded that, before the payment authorization, we had protections in place to warn you about the risk of issuing funds to that particular beneficiary. Therefore, we regret to inform you that we will not be able to reimburse the payments made out of your account. + +Our investigation is not finished yet, the process of attempting the recovery of any available funds is still ongoing - this process is directly dependent on the cooperation from the external partners and because of that, it can take up to 20 calendar days.' + + + + Have also filed a report with action fraud, will see what happens. Still no response from seller, ads still active. + +A waiting game for now, I appreciate all your advice, will update when I have further info. + +To answer some questions: + +- Account was created seemingly 3 years ago (privacy settings, wont allow me to see any further). + +- It was a direct bank transfer not using paypal. +To be absolutely clear, I'm not talking about the recent, day to day drama, or even the year to year drama of debt ceilings, and shutdowns. I'm not even talking about black swan events like covid or 9/11. I'm not even talking about massive events like the 2008 crash. What I'm asking is: is there a chance we are right now at or around the peak of growth? Is climate change a genuine threat to the whole system? Is actual collapse feasible? And can the market respond to these threats and continue to grow despite them? +Pretty sure the money is flowing out of $MARA and going into $COIN. That is why I am taking this opportunity to open a few Put Credit Spreads on $MARA expiring in a week or so. + +POS: 46/45.5 spread exp 4/23 credit .27 + +43/42 spread exp 4/23 credit .45 + +&#x200B; + +Thoughts? +I love the stock, and I love GMERICA, I've been rocking my flair for nearly a year, but the recent hype is really out of proportion to what I think actually happened here. Hear me out! + +**1**-July 2021, GameStop tweets out the word GMERICA. (https://twitter.com/gamestop/status/1414696625218342933) This was most likely a social media person goofing around. Maybe an office joke, maybe just filling their quota of social media engagements in a fun way. This was never meant to be a thing. You can be sure of this because the url gmerica.com wasn't bought when this tweet went out. To this day GameStop doesn't own that domain. + +"But people don't use .com anymore, it's all about .io or the app." That's fine, but in no world does GameStop let that url get poached if it's an important product for them. Without owning the domain, it leaves a big vulnerability. Someone could buy it and direct it to the meltdown sub, or porn, or a competitor's website. + + +**2**-Apes like the term GMERICA and it becomes a powerful meme for the new kind of structures we want to create. It becomes common parlance on superstonk within days. + + +**3**-GameStop is now like "Oh shit, they love this GMERICA thing, and it does sound kind of cool. We could use this as a line of products as we launch our new initiatives. Sell these apes some GMERICA shirts already" (they were rolling out the new "rocket" line of swag at this point). You can tell this is the case because the patent use-cases are for clothing, hats, and footwear. NOT a new stock exchange or whatever else people are hyped about. + + +**4**-GameStop isn't a fly-by-night Etsy shop, they have to clear trademark hurdles before releasing GMERICA product. So they start the copyright process that we've been following. This not only protects them legally but stops other people from selling GMERICA stuff and profiting off their idea. Again, an idea that started as a goof from a social media team member on a random day in July. + + +**5**-GMERICA is not a huge GameStop product launch. **Apes made it a thing**, and GameStop is doing the rational thing when your customer and investor base is pumped about a potential brand that you want to offer them, you copyright it, slap it on some T-shirts, and make some money off it. +I bought the dip, nothing crazy about 60 shares. What do you guys think? Even if they cut the dividend (again) I feel like it could be a decent play in the next couple years. Discussion? + +I know they beat revenue guidance and increased subscribers! But free cash flow is way down. +Reddit, I am disappointed in you as of late. Being "anti-corporate" has to be one of the single most brain-dead and poorly thought out stances once can profess. You speak of corporations as though they were a race of demon overlords opressing humanity out of sadistic glee. + +You, for reasons I cannot fathom, fail to remember that corporations are just groups of people working together. I work for a corporation. I am sure many of you and your loved ones do. We go and work together everyday for mutual benefit. We do work together that none of us could do on our own and we reap rewards and compensation that we would be unable to attain without the group. When a corporation protects its interests it is the people within that corporation protecting the interests of every man, woman, and child who depends on the continued survival of the group. + +The fact is, Reddit, you are engaging in the age old tribalist in-group/out-group demonization of social groups that you so vehemently profess to disdain. This sort of thinking always leads to irrational and shortsighted violence. + +Reddit, I think it is time that you sat back and did some serious thinking about your "anti-corporate" views. Are they well thought out? Are they internally consistent? Do they make sense? I am sure that there are some of you who are radicals of one stripe of another who do genuinely believe that people shouldn't be allowed to self assemble into groups to work together for mutual benefit. However, those people are most likely an extreme minority. No, most of you I assume are simply "along for the ride" using the language of such extremists simply because it is en vouge and sounds vaguely sensible when not given much thought. It is to these people that I ask you give some serious thought to what being anti-corporate really means. It means anti-technology. It means anti-scientific-progress. It means anti-modernity. It means anti-food-abundance. + +You play video games Reddit. You love good movies, interesting books, wonderful documentaries, and can't get enough gadgets. You love the internet and the amazing diversity of devices and ways we access it by. You love your little apartment or home and the warmth and security it brings to the loved ones within it. You love life. Please give some thought to whether those values are consistent with being vehemently against the very natural human tendency to organize together to make those things possible. I doubt a life of subsistence living in an agrarian society that hearkens back to the bronze age is something you truly desire. + +That's about it Reddit. I wont be reading responses to this. I am sure the reaction will be overwhelmingly negative. But, if even just a couple of you give this some thought and realize that you aren't, in fact, anti-corporate but rather against criminal individuals then the world will be a little bit better of a place. + +EDIT : I'd originally intended not to read any responses to this post. This was for a simple reason, I know how terrible you all can be to people. I've been lurking on Reddit for years. I read the comments here every day. I had no interest in reading the sorts of terrible things I'm sure would be written about me. That said my wife did read some comments I've decided to respond to a few things she told be she read. + +I am no PR person. I make an average wage by American standards doing technical support for Linux clusters and the clustered file systems. I work a slightly above entry level position but I love what I do and am advancing quickly. I wrote here expressing personal beliefs compelled by nothing other than profound disagreement with the comments I've been reading here as of late. To insult me or make wild accusations about my purpose for posting are absurd. I am a member of this community and wrote after being moved by the wrongheadedness I was reading on Reddit. + +My interest in business and politics is self motivated and my education on the topic is self driven. I've never been to a university level class on the topic. How you take that will say more about yourself than it will about me. + +On the topic of unions I am completely in favor of any non-compulsory, non-violent, and fully consensual grouping of people for a common cause. If people wish to start a company who's business is to advocate for the rights of people who work for other companies that is fine with me. There should be no laws that respect, establish, or do harm to unions. Like any other association of people so long as it is non-violent I am in favor of it. + +On the topic of the fiasco in the gulf any claim that a libertarian state would have turned a blind eye towards it is absurd. I am not a libertarian myself though I share more in common with them than not and fully understand their political views (something few of you can say with honesty.) In a libertarian state one of the worst offenses you can commit is to destroy someone's property or deny them, by violence, their method of livelihood. In the gulf beaches and land were destroyed. Vast swaths of ocean where people made a living fishing were destroyed as were the property they used to fish: boats, nets, traps, fertile fishing beds, all destroyed. That is criminal in the highest sense. In a libertarian state BP would have already been ripped to shreds by the justice system and the people effected would have already been directly compensated. In a libertarian state there'd be a separation of politics and money and, as such, BP would have no political clout as in a libertarian state (unlike our own) there's be no political power to be bought or sold. Those responsible would already be locked up or sentenced to slave labor to help clean up the gulf. Money would already have been awarded to individuals and private relief agencies. + +Finally, thanks for reading what I wrote. I am little agreed with wherever I go. I cannot get in a reasoned discussion, weather on the internet or in real life, without being ganged up on, insulted, and shouted down. My views are not popular today. There are personalities and groups operating today who appear, on the surface, to advocate similar beliefs but they use it as pretense to advocate unsavory and reprehensible ideas that I am utterly opposed to including discrimination against various groups and advocacy for theocratic ideas and tendencies. This has caused irreparable harm to my already minority beliefs in the eyes of others and I find myself confronted with accusations that are so mischaracterize my positions as to venture in to the insane. Do not think for a second that I align myself with any movement or party of any influence operating in the United States today. No one in the public eye speaks for me or the few others who think as I do. Our heroes are dead and our time as a viable political philosophy in this country is long passed. + + +I bought a subscription for [getvolitlity.com](https://getvolitlity.com), and been backtesting a bunch of strategies. Its great because it allows for futures options as well and gives a bunch of statistics. + +There arent any good free options backtesting sites like with portfoliovisualizer with equities. + +I can backtest some starts if anyone wants, while I still have an active subscription. +Happy Lunar New Year! + +Looks like today is gonna be pretty spicy with GME gaining some serious ground in pre-market. + +**Cycle Theory Status** + +We are now beginning the the first day of the FTD overlap period, all the can-kicking from the last 2 months December and Januaries LEAP expiries, the massive amount of synthetic shorting kicked into this period from now through February 14th (with the strongest concentration from the 1st - 8th). They could cover all this exposure at once or bleed it out for several days. But with February OPEX looming after the 18th I expect they will try to cover quickly then drop the price a bit before we move into the end of Feb. + +https://preview.redd.it/jmxz4w6a78f81.png?width=2451&format=png&auto=webp&s=650d6cd84bb0c2fdab9a1cd90e47f6c5aa4e8f4b + +**Gamma Girl Update** + +[ \\"If all options were perfectly hedged, and all expired options were executed \(obviously unreasonable assumptions\), there would be an extra 2.2m shares that would need to be settled in t+2 to t+4 this week, due to hedging not properly lining up with final contracts to be settled. Good news is the DN has leveled out at $97.22, and will hopefully start reversing to support this climb\\" -yelyah2](https://preview.redd.it/jmh234yf78f81.png?width=909&format=png&auto=webp&s=e98c3bbf2650dd532a5b970f9d5069b8eeca7f59) + +**Blackrock** + +Obviously ashamed of not having the biggest DIX in the room has bought 473k shares of GameStop and filed a new 13g/a + +[https://news.gamestop.com/node/19576/html](https://news.gamestop.com/node/19576/html) + +**DIX Pics** + +[Hopefully the upward push in price and the ETF FTDs coming in will put too much strain on the asymmetric risk of their internalization over the last several weeks leading to violent upside potential](https://preview.redd.it/89qb0t0j88f81.png?width=2523&format=png&auto=webp&s=f45b4630b7440a8cd991501533e60820d812dca4) + +**You are welcome to check** [my profile](https://www.reddit.com/user/gherkinit) **for links to my previous DD, and YouTube Livestream & Clips** + +Historical Resistance/Support: + +46, 92, 98, 100, 104.50, 116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Market + +clawed our way back above 112.50 into close. This could be significant with 111 being the put call parity and hedges and FTDs due. It's looking like we are picking up upside momentum, and their grasp on internalization is becoming more tenuous. Thank you for tuning in, see you tomorrow. + +\- Gherkinit + +https://preview.redd.it/0jbrcidhdaf81.png?width=783&format=png&auto=webp&s=13f9afa72b01f5fb355ffe4740f2a7a7669b5e45 + +https://preview.redd.it/42qo500jdaf81.png?width=933&format=png&auto=webp&s=273f1e668a5a268ffccbf087c7f70868631c7092 + +Edit 3 12:37 + +Holding this upper channel during the midday low volume period with some gaps to the upside we look good for another late afternoon bump like yesterday. + +https://preview.redd.it/kr4fyvdtc9f81.png?width=1484&format=png&auto=webp&s=a9469ad6650b178bf21121b0aab0b2b14468210a + +Edit 2 10:14 + +Downside gaps filled moving back up a bit + +https://preview.redd.it/3ls8q3k3n8f81.png?width=1483&format=png&auto=webp&s=d4a43f8538098dacad7fbe709f65cadbaab2c5bd + +Edit 1 10:01 + +Filling some downside gaps from pre-market + +https://preview.redd.it/22d5vhjvk8f81.png?width=1502&format=png&auto=webp&s=8dab6c8343c163c51c7853092ce71ab3f2d225f1 + +# Pre-Market Analysis + +Trading at about 112 in the pre-market right now, historically pre-market runs on GME have led to intraday price action. Crosses at 114 and and 147 are significant to push us up this ramp. + +Volume: 97.59k + +Max Pain: + +[Crosses at 114 and and 147 are significant to push us up this ramp.](https://preview.redd.it/0yyt40nh98f81.png?width=2047&format=png&auto=webp&s=95cf0d9a95fc2a31bbef6db30aab06be05868d0d) + +Shares to Borrow: + +IBKR - 0 available @ 2.8% + +Fidelity - 271, 940 @ 1% + +[GME pre-market 1m](https://preview.redd.it/1s0u3j9y98f81.png?width=1491&format=png&auto=webp&s=7cc7b2dacdc0c0e6659dbda556593040b27d693f) + +TTM Squeeze + +https://preview.redd.it/nms3foh5a8f81.png?width=2460&format=png&auto=webp&s=1a2947081b2c8d0397c2b0108ec2cd566e07c04b + +MACD + +https://preview.redd.it/ojk9v6o8a8f81.png?width=1496&format=png&auto=webp&s=c602d861c86f8cd1259155f82598312a6de88097 + +CV\_VWAP + +[Volatility is picking up even more today](https://preview.redd.it/6j959xtea8f81.png?width=2453&format=png&auto=webp&s=2c3f0c9a381a91340b61aef1cfe51500d597ab2a) + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* +A couple of weeks ago someone made a post that grinds my gears a bit. I'm not opposed to posts where people mention their milestones or progress, in fact I generally like them. The problem is that someone inevitably asks what kind of work the person does and how they got into that line of work. Far too often the response is very cryptic and that bothers me a bit. While there are many people who have become financially independent and/or retired early while making a moderate income, it seems that most people who do it have pretty good incomes (combined with great saving habits, good decision making, in many cases supportive partners...). + +I think that one of the most helpful things we can do for each other is to talk about what we do for a living, how we got there, roughly how much we get paid and the region we live in. The truth is that a guy making 100k is far more likely to require early than a guy in the same city making the same decisions with a salary of 50k. + +I understand the desire to keep things private, but there are very few industries that are so niche that a post on reddit will instantly out you or lead to you suddenly having tons of competition. + +I propose that anyone willing post the following: + +* ballpark salary +* region, state, tri-state area or whatever you're comfortable posting so people have an idea of your areas cost of living +* what you do for a living +* how you got the job, career, occupation... +* any advice you have for others on breaking in + +I'd also ask that instead of saying "I'm a software engineer", please say something like "I'm a software engineer and my company makes software for railroads" or "I'm a software engineer at a finance company" + +Hopefully this will catch on because I think where to go career wise or when to move on because of better opportunities is one thing that hinders a lot of people's journey to financial independence (even if their definition of it has nothing to do with retiring early) +Hey, I just thought I'd share this in case anyone is in the same boat. + +Last year I had awful mental health and many things slipped by the wayside, including keeping meter readings up to date. Along with everyone else, I tried to get our gas meter reading in on 31st march before the price hike, but couldn't get on the website due to traffic. + +I put it in 3 days later and then in May was sent a huge bill (probably 10 months of gas, including winter heating in my single glazed house) because they had charged me for the whole lot on the new rate. + +It even said in the statement that I had used this gas over three days - purporting that I hadn't used any before the 1st April. + +Anyway, knowing it was technically my fault for not getting my readings in before April, but feeling frustrated that I was being charged entirely on the tariff, I decided to fight it. + +Many, many, many emails back and forth, including me learning how to work out units to kWh and doing a lot of maths - eventually bulb credited me with the ENTIRE bill they sent me in May. + +So a small win for the consumer. +Seriously how rigged is our stock market. You’re telling me people have the same confidence right now in our market as 1 year ago? Recession cancelled! +I run a business which is essentially done all remotely but I’ve been going in to co working spaces a lot more of late and can’t believe how much more productive I am. + +I’m going in 3-4 days a week and then spending the other 3-4 days at home running the show. + +What’s everyone’s preference and why? +37 years old, wife preggo, got denied unemployment (u.s.a), bachelor's degree in business mgmt, usually use reddit just to mess around, but desperately looking for help +Also a veteran +Ok, so I'm in a position, at age 18, where I can work 44 hours a week, and make $20 an hour. Because of this, with time and a half with overtime, I'll be making $920 a week before taxes. I plan on being able to save $750 a week, saving 39k a year, and after like 3 years of reasonably living with my parents, buying a home at 21, and after that start college. I don't plan on pulling any loans for college either, if I don't have enough, I'll skip a semester and save, NO RUSH to finish college. This is also a low ball estimate, assuming I don't get ANY raises or even another promotion. + + +I think this is an amazing idea, buying a home and saving for it during the one time in my life I can live in my parents house rent free, getting one of the hardest steps in life out of the way by the age of 21. I think the housing market will go down because covid really spiked it, and lets be real, it shouldn't be as high as it is now, but even assuming the market stays the same, and with my low ball estimate for how much I'll save, I can still buy a pretty good quality home, I just need to find the one. + + +My friends are saying its a TERRIBLE idea, because what if something happens? This and that, how are you going to get through college, etc. I'll only have to pay some small bills, so running college is no big deal, and I can always take off every other semester, work full time, pay my bills, and save the rest for college money, not an issue what so every. This is also very realistic because my jobs availability is AMAZING and I'd also be able to switch from full to part time, even though I'd get less hourly, I can go from one to the other whenever I want, its all up to me. They're also saying what if something happens to the home? Well that's just OWNING A HOME, you can't exactly get around that. + + +So what do you guys think? I'm still gonna do it, I don't really care what they say about it, but if someone here can get me to understand why its a bad idea, please do. +34 with 2 kids. Right now if I die my wife gets two years or salary. Is that enough? + +I always figured insurance sales was mostly a scam but maybe I need to get some? Is there any I’m missing like if I stop being able to work? +Welp, the title pretty much says it all. I currently work at a grocery store as a wine stewardess making roughly 30k a year after taxes. I currently rent a studio apartment for about $1200 a month. I want to become a homeowner because I'm tired of renting but I understand that I'm not able to due to having no savings. (I currently have like $200 saved in my bank account that is dedicated to paying bills only and $171 in the account that is for fun money) I'm about to pay my car note off in a year but eventually I'll need to start back paying off my student loans which may end up being around $300 a month, I owe 38k including interest). So my question is how can I manage my money better? Will I be able to eventually own a home with what I'm making currently, if I don't end up getting a better job? +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! + +No one knows anything. No one knows what’s going to happen next. Don’t come at me with long winded paragraphs about why people need to be educated on all these different stats and metrics that need to be calculated or whatever to determine what’s worth investing- if you knew how the market was going to perform tomorrow you’d be rich already. + +Investing in the stock market boils down to two things: + +1- you invest in an index fund because you are making the educated guess the world probably won’t end soon and probably will improve gradually over time + +Or + +2- you buy specific stocks/sectors/asset classes because you have an educated guess they will go up in value. + +That’s it. +I can't seem to find any reason to any invest in/trade bitcoins: + +- Transactions are slow. +- Transactions are very expensive. +- Other cryptocurrencies solve all these problems, and offer more value. + +Yet bitcoin continues to rise. Is this simply because it happens to be the most popular coin and so everyone is just speculating? What am I missing to see? +Been seeing a lot of people referring to the upcoming vote as a vote on a Stock Split and not a vote on a Stock Dividend. There are some real material differences as explained here: + +https://www.educba.com/stock-dividend-vs-stock-split/ + +A big one they do not go over, but our beloved u/atobitt did, shorts have to go buy Stock to make up the difference for those that lent it to them! + +And as always you're the chairman of your own destiiiiiny ALRIGHT! + +https://youtu.be/f_jq8Z3rBOI + +EDIT: to be more precise, the vote is not specifically on the dividend: "The vote will not be for the share dividend (split). The board decides if there will be the dividend. Our vote will be for increasing the issuable shares to 1,000,000,000." + +EDIT 2: Well this kinda blew up lol. Just trying to help when researching is all if anyone has anymore details on a Stock Split as a dividend vs a normal Stock Split let me know, but here is another good link outlining how the PRICE will be diluted similarly but there is a definite difference between an old fashioned forward stock split and a stock split as a dividend(aka stock dividend) + +https://www.investopedia.com/ask/answers/06/stockdividendvsstocksplit.asp + +EDIT 3: It may be "most correct" to refer to this as a 'Stock Split Dividend' rather than either a Stock Split or Stock Dividend as it is exactly neither. To me I just wanted to post this originally to jack my own teets and emphasize the dividend portion of the filing about the split as in looking more into stock splits the dividend makes it a bit different than a regular old 'stock split' + +[What can I say, I don't wanna stop](https://www.youtube.com/watch?v=2liD7pahHN4) + +EDIT 4: So someone brought up the point that borrowable shares would increase by the ratio as well and shorts could then go borrow those shares to fulfill this dividend. While that makes sense, we have also seen both Fidelity and IBKR run out of borrowable shares numerous times. 0 times the ratio number is still 0 and in that case I believe they would need to go get shares from the open market. + +[You taste that? Mmmm it tastes good](https://youtu.be/Nm2DVfOzEig) +Pennsylvania, US + +I just awoke from a nap to find an email that one of my accounts with BoA fell below a $25 balance. I logged on to my account to find a $1,000 "CASHED CHECK HOLD ON 11/21" transaction on my checking account and 5 separate transactions for $1,000, three for 3,000 and one for 4,000 from my savings account. + +I immediately called their customer service line and was directed to the claims department. The representative basically gave me no information aside from telling me "these are check cash holds" that had to have been initiated by a teller (?) and asked if I had written any checks for these amounts. I don't have any checks for my savings account, and obviously I have not done so or I wouldn't have called the customer service line in a panic. + +She told me I'd need to call their check cashing department (I don't believe I have that name right) which had closed 5 minutes prior to my call, so now I have to wait until tomorrow. + +Does anyone have any experience with this happening with Bank of America? She wasn't able to give me any information as far as my next steps or what to expect going forward. + +Edit: Wow, this got way more attention than I expected. Thank you everyone for the information. As mentioned in a few comments I'll be visiting the branch tomorrow and calling the check fraud department if nothing gets resolved on site. I'll also be opening new accounts with a different institution and migrating direct deposit and automatic payments. I'll post an update here tomorrow for anyone curious. + +***Update:*** I just got off of the phone with the check fraud department. They opened two claims for each account. As of this morning, the transactions are no longer "Pending" and have new descriptions along the lines of "MD TLR cash withdrawal from CHK #### Banking Ctr <LOCATION, #> Confirmation# <#>", for four different locations in Maryland. I think the most likely explanation is that someone got into my online banking, got my account numbers, physically went to these branches and made the withdrawals at the counter. Seems pretty ballsy. + +The fraud department froze both of my accounts and my debit card (I now have two balances of -888,000). I'll be going to the branch to provide some additional information and file a police report, per the discussion I had with the fraud department. They said it could take up to 60 business days for them to complete their investigation, at which time I may need to fill out an affidavit and be able to get my money back. + +***Update 2:*** I visited the branch this morning and the manager was very helpful, giving me additional information on the investigation (and subsequent refunding) process. So, shoutout to Mr. Ramos. He opened new accounts & issued a temporary debit card which I will probably not even be using, and was able to get the remaining funds I had available (~$750.00) transferred over from the frozen accounts. He told me I should fax the police report to the fraud department, then call and speak to a manager and they should be able to issue a provisional credit for the full amounts that were stolen. He seemed as baffled as anyone else that these were apparently in-person transactions at 4 different branches in Maryland (these branches all appear to be along highway 355 from Frederick down to Gaithersburg) and no one raised any alarm bells. He said "we have safeguards in place, this shouldn't have happened". + +The two officers I spoke to at my local PD said similar things, that the perpetrator must have used a fake ID, gone to each bank and gotten a blank check and filled it out with my account numbers. Unfortunately I live in a pretty small town and they told me the report wouldn't be ready until Friday or possibly Monday, but in the mean time I've given the case number to the fraud department. + +Here's a brief timeline of the events and my actions: + +* Fraudster acquired my account details by some currently unknown method (possibly through a data breach/online banking hack, no checks were stolen or lost that I'm aware of, and my personal computers & devices are all free of malware) +* Fraudster visited four separate Bank of America branches in Maryland and drained my accounts in six separate transactions on 11/21, probably using a fake ID. +* I received a low balance notification on 11/21 and called Bank of America Customer Service line at 7:50 PM - was not given much information and told to call Check Fraud Department in the morning +* I made this personal finance post, and on the advice of a few users started documenting everything including drafting a letter to send to the fraud department +* Called Check Fraud Department at 8:10 AM on 11/22, accounts and debit card were frozen and two fraud cases opened +* Visited my local branch and spoke with the branch manager, new accounts opened and available funds transferred +* Visited local PD and spoke with two officers - gave them copies of my fraud department letter and all supporting documents + +Next steps: + +* Open new accounts with local credit union to use once this is resolved +* Get copy of police report on Friday or Monday to fax to fraud department +* Call fraud department and hassle manager for provisional credit +* Wait for up to 60 days for fraud investigation to complete, everyone I spoke to indicated this shouldn't take this long and would almost certainly resolve in my favor +* Hopefully local & MD police can identify the perp and arrest them because doing this to someone is widely regarded as a "dick move" + +I'm not really sure what else to add at this point - I'll update again with any new developments - but at this point I'll be **disabling inbox replies** for this post as the comments coming in now (like at least 20 essentially saying "Fuck Bank of America"/"Don't use Bank of America") aren't very helpful. I've already stated several times I'll be switching institutions, though I may keep the new BoA accounts open with minimal balances "just in case". I'll be moving the majority of my assets to the local CU. + +Big thanks to everyone who did leave helpful comments and offer their sympathies - I really appreciate it. If anyone has additional suggestions or questions that haven't been answered, feel free to PM me or reply to one of my comments below. If you leave a top-level comment I probably won't see it after saving this update. + +**TL;DR:** Fuck Bank of America and people who commit fraud +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! + +Looking at the recent behaviour of Kenny's flight paths kind of start to look suspicious to me. + +I am in belief that these meetings are what's generally referred to as : Tarmac Meetings + +We've had a recorded meeting of Clinton & Lynch in 2016: [https://www.the-sun.com/news/3079610/bill-clinton-loretta-lynch-tarmac-meeting/](https://www.the-sun.com/news/3079610/bill-clinton-loretta-lynch-tarmac-meeting/) + +After the meeting, the journalist that broke the story mysteriously died. + +I know this sounds like a tin foil hat theory, but there are too many coincidences to ignore it. +DIA is the dow jones etf which is composed of 30 “blue-chip” U.S. stocks that are sector leaders in every sector except transportation and Utilities. In theory, value outperforms growth over the long term and "On average, value stocks have outperformed growth stocks by 4.1% annually in the US since 1927". Also it has outperformed SPY from its inception in 1998. Yes it is a silly price weighted index of 30 stocks but in theory it should outperform the S&P 500 in the long term which holds both growth and value and not mainly value like DOW. Both the S&P 500 and the Nasdaq 100 currently have very common top stocks that hold most of the weight but the Dow 30 on the otherhand has a different set of stocks that are weighted at the top. The top 3 stocks in the DOW currently are UNH at 11.18%, GS at 6.94%, HD at 5.96% whereas in the S&P 500 its AAPL at 6.85%, MSFT at 5.70%, GOOG at 3.57%. The top 3 sectors currently in the DOW are Health Care at 22.16%, IT at 19.48%, Financials at 16.17% vs S&P 500 sectors of 26.4% IT, 15% Health Care, 11.70% Consumer Discretionary. Since value outperforms growth over long periods of time are you still willing to hold the S&P 500 over something like the DOW? + +Dow Jones Companies: + + % Weight in the Index + +1 UnitedHealth Group +2 Goldman Sachs +3 Home Depot +4 McDonalds +5 Amgen +6 Microsoft +7 Caterpillar +8 Visa A +9 Honeywell International +10 Travelers +11 Chevron +12 Johnson & Johnson +13 Salesforce +14 Apple +15 American Express +16 Boeing +17 Walmart +18 IBM +19 Procter & Gamble +20 JPMorgan Chase +21 3M +22 Disney +23 Merck +24 NIKE B +25 Coca-Cola +26 Dow +27 Cisco Systems +28 Verizon Communications +29 Walgreens Boots Alliance +30 Intel + +https://www.dimensional.com/?r=%2fus-en%2finsights%2fwhen-its-value-versus-growth-history-is-on-values-side&c=5EDA63C7CB764D13BFFC44188EE331A5&p=7DB7A2E5B9D74904ACCD04DD5C0A38DB +I’m trying to work on a portfolio that is majority ESG and such. I know a lot of folks say it’s a waste or less returns. But is that true? Does anyone believe the more time that passes the more companies will be forced into following some guidelines? I don’t think I can commit my portfolio 100% but I would like a majority. Has anyone else done this and what are your holdings? +I try not to be a doom writter given how much we love growth however do you think we are experience a reversal to mean and fundamental/value investing will dominate the next biz. cycle and stock picking becomes more important with the overall market being less proped up (which hurts index funds?). + +I could be talking gibberish but just would like to discuss? +DIA is the dow jones etf which is composed of 30 “blue-chip” U.S. stocks that are sector leaders in every sector except transportation and Utilities. In theory, value outperforms growth over the long term and "On average, value stocks have outperformed growth stocks by 4.1% annually in the US since 1927". Also it has outperformed SPY from its inception in 1998. Yes it is a silly price weighted index of 30 stocks but in theory it should outperform the S&P 500 in the long term which holds both growth and value and not mainly value like DOW. Both the S&P 500 and the Nasdaq 100 currently have very common top stocks that hold most of the weight but the Dow 30 on the otherhand has a different set of stocks that are weighted at the top. The top 3 stocks in the DOW currently are UNH at 11.18%, GS at 6.94%, HD at 5.96% whereas in the S&P 500 its AAPL at 6.85%, MSFT at 5.70%, GOOG at 3.57%. The top 3 sectors currently in the DOW are Health Care at 22.16%, IT at 19.48%, Financials at 16.17% vs S&P 500 sectors of 26.4% IT, 15% Health Care, 11.70% Consumer Discretionary. Since value outperforms growth over long periods of time are you still willing to hold the S&P 500 over something like the DOW? + +Dow Jones Companies: + + % Weight in the Index + +1 UnitedHealth Group +2 Goldman Sachs +3 Home Depot +4 McDonalds +5 Amgen +6 Microsoft +7 Caterpillar +8 Visa A +9 Honeywell International +10 Travelers +11 Chevron +12 Johnson & Johnson +13 Salesforce +14 Apple +15 American Express +16 Boeing +17 Walmart +18 IBM +19 Procter & Gamble +20 JPMorgan Chase +21 3M +22 Disney +23 Merck +24 NIKE B +25 Coca-Cola +26 Dow +27 Cisco Systems +28 Verizon Communications +29 Walgreens Boots Alliance +30 Intel + +https://www.dimensional.com/?r=%2fus-en%2finsights%2fwhen-its-value-versus-growth-history-is-on-values-side&c=5EDA63C7CB764D13BFFC44188EE331A5&p=7DB7A2E5B9D74904ACCD04DD5C0A38DB +In my analysis, I cover this question in particular ([click here](https://theeuropeanview.com/fundamental-amazon-stock-analysis-the-european-view/)) and want to share the essence here with you. Many investors have problems with the valuation of the Amazon stock. In particular, the high P/E ratio, which is misleading in the case of Amazon, indicates a substantial overvaluation. I will show you here why the P/E ratio is exceptionally not a suitable figure to determine the value of Amazon: + +Jeff Bezo’s primary goal is growth by all means. And it is secondary to him if profitability suffers as a result. When Amazon received antitrust clearance to acquire Whole Foods, Jeff Bezos immediately began what he always did: cutting prices. On the very first day, Jeff Bezos arranged for [**far-reaching price cuts of up to 43 percent in all Whole Foods markets**](https://www.bloomberg.com/news/articles/2017-08-28/amazon-cuts-prices-at-whole-foods-as-much-as-50-on-first-day). In [**his first letter to shareholders in 1997**](https://media.corporate-ir.net/media_files/irol/97/97664/reports/Shareholderletter97.pdf)**,** Jeff Bezos clearly stated that he did not place great value on profits and that he would always opt for cash flow when in doubt: + +>*When forced to choose between optimizing the appearance of our GAAP accounting and maximizing the present value of future cash flows, we’ll take the cash flows.* + +The company is therefore not at all interested in making a profit. Accordingly, you should neither look at the P/E ratio nor at the book value of the company, since the book value is derived from the equity accumulated by profit, among other things. What you should do instead: Look at the cash flow and how the cash flow has developed historically. Evaluating Amazon can be tricky, but I think considering cash flow is a way to get a grip on it. +I believe Lions Gate is a traditional deep value stock based on the breakup value. + +Lionsgate’s market cap, as of October 14th, 2022, is about $1.6 Billion. The company owns the Lionsgate brand (studio) which produces and distributes movies and TV shows. It also owns Starz, a subscription service with over 37 million subscribers (which the company hopes to increase to 50 million by 2025). Starz was bought by Lionsgate in 2016 for $4.4 Billion but the acquisition has not gone as planned. Hence the separation. + +On November 4th, 2021, Lionsgate told shareholders that they are observing strategic alternatives for Starz. + +Link here: ([https://www.bloomberg.com/news/articles/2021-11-04/lions-gate-is-considering-a-spinoff-of-its-starz-channel](https://www.bloomberg.com/news/articles/2021-11-04/lions-gate-is-considering-a-spinoff-of-its-starz-channel)) + +They were looking for a full or partial spin off in order to have the market fully recognize and value both Lionsgate (Studio) and Starz. When news broke, the stock rallied to $17/share. That gave the company a market value of approximately $3.8 Billion, with no final valuation or concrete interest. The rise was simply due to the company stating their **intent to consider**. Today the stock price is slightly above $7/share with a market cap of $1.6 Billion. Down over 50% from the rally that came after the spin-off announcement, even while demand for content and subscribers has been increasing. From November 4th, 2021, till today, the company has reiterated on numerous occasions that they intend to notify shareholders of the separation by the end of summer, with a deal closing as early as early next year. We heard it throughout the year on quarterly/conference calls. Although the end of summer deadline has passed, the company has still reiterated the separation. + +On September 28th 2022, an 8-k was filed which indicated that the company was focusing more on selling a stake in Lionsgate's studio business as opposed to selling a stake in Starz. + +Link here: ([https://otp.tools.investis.com/clients/us/lionsgate1/SEC/sec-show.aspx?FilingId=16102825&Cik=0000929351&Type=PDF&hasPdf=1](https://otp.tools.investis.com/clients/us/lionsgate1/SEC/sec-show.aspx?FilingId=16102825&Cik=0000929351&Type=PDF&hasPdf=1)) + +This makes more sense as the studio is significantly more valuable than Starz. So, why does this mean Lionsgate’s a bargain now? It’s a bargain because we are at the point where we have a general idea of how much Lionsgate would want for the studio and Starz. With more of an emphasis on the studio business. + +Let’s start with the Starz valuation. In 2019 CBS made an “informal offer” of $5 Billion for Starz, which Lionsgate declined. I personally don’t believe Starz is worth anywhere near $5 Billion. I’d be content with a $3 Billion valuation ($2 Billion + $1 Billion in assumed debt). That takes into account the increase in demand for content and subscribers. I may be undervaluing the division, but I’d rather be surprised by a higher valuation than dejected with a lower valuation. + +Lionsgate’s studio business is what interests me the most. The best way to value the studio is to look at comparables. Since there aren’t many, the one we’ll focus on is MGMs sale to Amazon. This has been validated by the CEO. On the August 4th call, Lionsgate’s CEO said “…understand that the immense value that we have is really after the MGM sale to Amazon, but really the only real actionable investable studio. And you know, again, MGM, if that’s a comp, there you go, **use that**. Our library honestly is better than the MGM library”. + +MGM was sold for $8.5 Billion and here we have Lions Gates CEO telling shareholders, and potential buyers, that he believes Lionsgate’s studio business is worth similar to what Amazon paid for MGM. I hope he’s right and that value is recognized. But since I make conservative estimations/valuations, I’m going to cut the potential price for Lionsgate’s studio business to $6 Billion ($5 Billion + $1 Billion assumed debt). + +So, we have Starz worth a projected $3 Billion and Lionsgate (Studio) at a $6 Billion valuation. This gives us a company worth $9 Billion or a $7 Billion market cap. The current market cap is, again, $1.6 Billion. + +We can go ahead and cut the potential valuations for both the studio business AND Starz again and still have room for a significant return. If we cut the valuations to $4bill + $1 bill debt for Lions gate studio and $1.5 bill + $1 bill debt for Starz, we would still have a value of $7.5 billion, or a $5.5 billion market cap. We already know that there's a lot of interest in the studio business but, in the worst-case scenario, even if a deal isn’t announced, the company will most likely be acquired (in part or full) in the near future (12 months). However, the 8-k issued on September 28th yet again reiterated the separation and interest despite market volatility. + +I think the entire company is worth at least $20/Share, including Starz. This is a valuation based on the assets/sum of parts. It doesn’t take into account the management team or potential future earning power. + +The options market is also pricing calls with expirations ranging from December 2022 to March 2023 cheaply. These could become lucrative bets if a deal is announced between now and March 2023, which I believe is highly likely. + +\*DISCLAIMER: I own shares and call options on Lionsgate. This is not financial advice\* +I'm 29 and a single mom, just left a toxic relationship, I'm $15,000 in credit card debt, just got rejected by my own bank for debt consolidating and my credit score is in the low 600's. +PLEASE tell me there is something, anything, I can do to fix this? + + +Edit: thank you everyone for your help and commentary, except for one asshat you know who you are, I am beginning to form a plan and I'm so glad I had the idea to ask this here. Thank you again!! +Equivolume on the weekly, simple way of looking at things . Sell pressure is not real, look at Red really trying (crime is on their side). Go Team Green + +"Incorporating volume into the price data makes it easier to search for confirmation of trend reversals, support and resistance breaks, or buying/selling pressure. The latter is best estimated with the close price display on as multiple studies use its position within the range as an indication of whether the buyers or sellers are in control. Plotting the close price in the Equivolume boxes also serves as a visual reference of trend strength or weakness." + +Since i got accused of plagirism, it was put in quotes , the definition of Equivolume pulled from TDA, since im sure not many used it before. Saving you the trouble of searching. + +https://preview.redd.it/0lk2xilk7ae81.png?width=2471&format=png&auto=webp&s=1e01b093bffe68ac5cf8fd978645c60c3e4da021 + + EDIT:Shoutout to "EtherGorilla" for this quote, to wrap this up in a nice package. + +"Why would a company with over a billion in cash, no debt, a rockstar group of c-level executives and developers that literally quit their high paying jobs at Apple and Amazon to join them suddenly and inexplicably go bankrupt? Anti gme people sound like conspiracy theorists these days." /gameover + +&#x200B; +I think it’s very near go time. RC going grayscale, reverse repo over 1 trillion, record low volume under 1 million, the ‘Oh my god, they’ve killed Kenny tweet’, CNBC taking a swing at Gary Gensler over dark pools, the 7:41-7:53 theory, the new distribution locations, debt paid, the rumored NFT dividend. I’ve never felt so much confirmation bias all at one time. + +It’s just a ton going on at once and it looks a lot like HFs are losing control of the situation. Hopefully I’m right and we take flight in the upcoming days or weeks. See all you fookin’ silverbacks on the other side. 🦍🚀👨🏻‍🚀 +This is extremely important - I am posting this solely to spread awareness and information. + +MASSIVE FOLLOWUP POST: [I SMELL BULLSHIT](https://www.reddit.com/r/Superstonk/comments/ombmj8/i_smell_bullshit/) + +While we were having amazing AMA's and learning from our Queen Kong how to vote our shares, it seems a certain (now moderator) was pumping weed stocks and crying out that "diamond hands = bagholders". Here is the post. + +[https://web.archive.org/web/20210716144742/https://www.reddit.com/r/SNDL/comments/mmub30/sndl\_why\_its\_in\_my\_portfolio\_and\_why\_the\_company/?utm\_name=iossmf](https://web.archive.org/web/20210716144742/https://www.reddit.com/r/SNDL/comments/mmub30/sndl_why_its_in_my_portfolio_and_why_the_company/?utm_name=iossmf) + +It is important to note that this mod has had access to Satori and its code since Mid May. It is no longer drama and it will directly affect any FUD campaign and the overall direction of this sub. Imagine the "news" we read is filtered and guided just as the MSM. Imagine the posts and those who are in positions of authority in our community guide us to beliefs that MOASS is not what it's meant to be, that our opponent is not what it's meant to be. + +The point of this is to bring awareness and to remember that buy and hodl are the resounding prominence of this sub. No idols, no mod worship, no ape worship. I LIKE THE STOCK. I am most likely going to get downvoted or reported as suicidal and this post will get taken down. I AM NOT SUICIDAL AND I DO NOT WISH TO HARM MYSELF OR OTHERS. + +EDIT 9: PINK HAS BEEN BANNED PERM FROM SUPERSTONK + +&#x200B; + +https://preview.redd.it/32wmhdrsomb71.png?width=744&format=png&auto=webp&s=b46d81571c4ff0ac2e36f9a2395b3619de5d29be + +EDIT 8: In line with keeping things factual there is a reply from Satori team member below: + +&#x200B; + +https://preview.redd.it/flf4t15dkmb71.png?width=687&format=png&auto=webp&s=7f6fb38095a7e5f6251bdce83caa8e3d621b95be + +EDIT 7: Castle of Glass DD author /u/3for100specials had a very hard time getting his DD up and is blowing his whistle. + +&#x200B; + +[Unbelievable- this is in reply to Rensoles pin in edit 4](https://preview.redd.it/rqduy1heimb71.png?width=660&format=png&auto=webp&s=ccbf37a43806f145371cf7dae4db1aa50af78792) + +&#x200B; + +EDIT 6: + +https://preview.redd.it/n56xz2boemb71.jpg?width=935&format=pjpg&auto=webp&s=61c08e203ece3c1db31962fe2dc7d5c60ec1da61 + +EDIT 5: Mods are now combing through this post. It will be forever saved here : [https://web.archive.org/web/20210716184523/https://www.reddit.com/r/Superstonk/comments/olimp5/important\_and\_needs\_to\_be\_seen/](https://web.archive.org/web/20210716184523/https://www.reddit.com/r/Superstonk/comments/olimp5/important_and_needs_to_be_seen/) + +EDIT 4: It is speculated that this mod has had Satori access in the discord for developing Satori "Shill Net". + +&#x200B; + +https://preview.redd.it/22zd9d4xdmb71.png?width=727&format=png&auto=webp&s=2c05bad9d3ae93a465eceb7e519d9cb31903a2f8 + +EDIT 3: Decide for yourself - March 20th after the first sneeze. Could be a slight against people left holding after the "inital squeeze?" COULD BE. Nothing is certain. Use your own discretion. + +&#x200B; + +https://preview.redd.it/uwxoiy7o3mb71.png?width=582&format=png&auto=webp&s=c81a807d70e3477d057f1a3b8ede3f5f36738bd5 + +EDIT 2: Further concerning threads + +Wasn’t this the same person who received mod privileges and news immediately came out that she said GME was just a pump and dump? There was a screenshot of the convo in which she said this, but it has since been removed. Looks like this was given “debunked” flair by the mods and post is deleted. I’m confused. There was a screenshot of her saying this so what is there to debunk? + +[https://www.reddit.com/r/Superstonk/comments/obsdfz/new\_mod\_madie\_thinks\_gme\_is\_a\_pump\_and\_dump\_would/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/obsdfz/new_mod_madie_thinks_gme_is_a_pump_and_dump_would/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +EDIT: Made a reply below about why this is important: + +"You are zen and I admire that, I am too but you had to go through a lot to get there, I assume? It's not like you showed up and instantly knew everything about the GME situation (if you did I'm jealous). Think of the new apes, think outside of yourself. I know you're speaking on behalf of yourself but imagine the crowd JUST getting in now as they start to see LinkedIN news and MSM lying their asses off. Do you want them to find THIS superstonk or the superstonk that fostered this growth in the first place?" +I was just checking, and shocked to see that shorting still isn't enabled for it, anyone know? + +For an exchange that was so quickly able to implement ETC, you'd think shorting it would follow soon after, especially given the volume. + +Edit: Can we get a polo rep in here to respond? If anyone knows them please tag them. +&#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) +The DD is out there and the thesis for the MOASS grows stronger every day that passes. GME has become a very solid and calculated investment for all of us. It costs us nothing to keep holding and the the potential returns are like nothing no one has ever seen. Why in the world would any smart sane person sell? Why in the world would we stop buying? They are completely fucked and it is complete madness to keep shorting the stock at this point. So yeah, I know the phrase is not that fun this way but it is what it is. **We can stay solvent longer than they can stay retarded.** + +# 💎🤲 +I am sitting on about 100k€ cash and am in total analysis paralysis. + +I am considering: + +\- Buying an online company +\- Putting it all into a RoboAdvisor +\- Buying a place in The Netherlands or in Sweden, leveraged. + +I have made this cash in a short amount of time and my plan was initially to buy an online company somewhere in the range of 100 - 150k. Now that I'm sitting on the money (which is a lot in my world) I have a hard time taking the step, fearing losing it. Why haven't I already put this into a RoboAdvisor or the stock market? Because of corona, quantitative easing and generally because I don't understand what's going on right now with the stock market. + +Sorry for the rant and perhaps a bit open-ended question but I am really looking for some fresh perspectives to get out of my current mindset. + +Edit: + \- Young 30s + \- No kids + \- Skills conducive to online businesses + \- Beginner level on investments and money management in general. I understand the basics and am managing my income/expenses from a pfm perspective. Have one stock position of about 5-6k which was recommended by a friend years ago. Not keen on doing a lot of research so stock-picking etc is not my thing. +Disclaimer: I'm already heavily invested in Index funds. (combination IWDA/EMIM) Since I have some extra money ITB, I would like to take some risks by investing it on individual stocks. + +There are a lot of articles and subreddits which focus on USA stocks, but which EU stocks are on your radar and you think are worth a buy? And more important, why? +Disclaimer: I'm already heavily invested in Index funds. (combination IWDA/EMIM) Since I have some extra money ITB, I would like to take some risks by investing it on individual stocks. + +There are a lot of articles and subreddits which focus on USA stocks, but which EU stocks are on your radar and you think are worth a buy? And more important, why? +I am a mid 20s Romanian software engineer currently living in Romania, and I don't have any plans of changing that anytime soon. + +I've made a bit of money in the past years, but kept it all in cash until now. It's mostly gbp and usd: about £150k and $45k. Not super happy about having that many pounds while not living in the UK. + +Currently, I freelance for US based companies, making around $6k per month post-tax (which is very low), but I think it will go up to around $10k starting next year. So let's say roughly a $100k per year net income. I spend around $1000 per month for now, but I'm a little too thrifty, I plan on going to around $30k per year starting next year, leaving around $70k per year for investments. + +My goals are: +- consolidate all my assets: I have a couple of accounts in Romania, a couple in the UK, plus Revolut, some taxes to recuperate etc). Ideally, I'd like to have a spending account (Revolut), a "real" account (some Romanian bank) and all my other investments with a single broker + +- find an efficient way to easily exchange usd to ron for day-to-day spending; currently I just top up Revolut RON from Monzo GBP, I don't even know at what exchange rate + +- pick a good place to invest all of my current cash (my next salary is 6 months' living expenses, so I'm not worried about having everything invested); my initial plan was to invest in real estate when the prices drop, but, thinking about it more, I'm really bad with paperwork, I would procrastinate on paying taxes, doing repairs, looking for tenants, declaring the income etc. So I think investing in the stock market might be a better fit for me + +- buy an apartment next year for roughly 70k-100k euros and a house in the next 5 to 10 years for about 200k-300k; I can do that either with cash or by taking a loan, but it looks like the interest rate is around 5%, not sure if that's the best idea + +So, my questions would be: +- any recommendations on which broker to use? I was thinking of using IBKR (I have an account) since it's very large and well known, it seems trustworthy. + +- what should I invest in? I was thinking of putting 70% in something safe and stable (like S&P 500) and 30% in something more risky (like TECL). I am ok with medium-high risk, as I'm quite young, have no dependents and my main asset is my software engineering skill anyway. How easy is it to invest in US securities from Europe? Anything I should know about (tax-wise or otherwise)? + +- what to do about currencies? Romania de-facto uses euro for anything that matters, of which I own (almost) zero. But the euro is quite high at the moment, so I was still waiting. I think I have way too many pounds, though, and the GBP -> USD rates seem to be quite ok currently. So I was thinking of exchanging £100k (if not all of them) to USD and start investing in American securities. Does that sound reasonable? Where should I make the exchange? IBKR? Transferwise? + +- when should I start investing? There's potential instability looming in the US with the election scandal, maybe it would be a good idea to invest around $20k-$30k a month instead of everything at once? +Yea we see the 74% - 93% conviction rate. Oh boy, that sounds real good. So far they've been given parking tickets. Bankers have been bailed out for bankrupting America. So what the fuck? Do you guys have the memory of a goldfish? Since when did we let go of parking ticket fees? I agree that this is a step in the right direction but until we see enforcement it's just the same lip service. Let's not count our chickens before they hatch. Anyways, I like the stock. + +Edit: Holy Shit! Woke up to a lot of likes! + +More Information: +The probes and investigation for the 2008 crisis were quietly closed after a DOJ investigation. + +Sauce: +https://www.theatlantic.com/magazine/archive/2015/09/how-wall-streets-bankers-stayed-out-of-jail/399368/ + + +Regards to people think I'm spreading FUD: + + +1) A seperate opinion that believes GME will still moon but disagrees with enforcement is not FUD. In 2008, DOJ launched an investigation and dropped all charges. I am looking for action not words based on past events. It's a step in the right direction, IF they plan on enforcement but it can also be a nothing burger. The point is we don't know. + + +2) The outcome does matter because it shows that the government is willing to enforce laws against corrupt Wall Street. GME proved this corruption. I'm not talking about headlines that could be beneficial for Citadel investors. I am talking about enforcement. + + +3) If they do enforce laws then good. That's what I want but an investigation should not be treated as if it has already happened. That is the point of this post. +Here’s the situation.... + +My friend who has invested almost nothing into his TFSA has roughy $80k in non registered stock. $25k of it is gains. + +I think he should sell it all off at once and max his TFSA out now. + +- he’ll take a $25k capital gains hit this year +- but the long term gain then of that money growing tax free is worth it. + +He could do smaller sells each year to minimize the capital gains, that that simply allows the non registered TFSA to continue to grow with capital gain consequences.. + +Thoughts on this? +For those of you that are conscious of the environmental impact of your bank Chase is by FAR the worst. Below are a couple of sources. + +I'm aware some people don't care, for you feel free to go ahead and ignore. I'm not judging just sharing info. + +Some mind think this isnt relevant to the sub but I think people should be informed about a bank they may be interested in with all the talk about them recently. + +Chase is the biggest funder of fossil fuels, investing around 40% more than the second worse bank. Around a quarter of a trillion dollars between 2016-2019. + https://www.ran.org/campaign/stop-banks-funding-climate-chaos/#:~:text=Chase%20has%20dumped%20over%20a,%2Dplaced%20bank%2C%20Wells%20Fargo + +(Pay walled/limit for free) https://www.forbes.com/sites/davidrvetter/2020/03/18/jpmorgan-chase-tops-dirty-list-of-35-fossil-fuel-funding-banks/ +https://www.cnbc.com/2019/05/13/walmart-announces-next-day-delivery-firing-back-at-amazon.html + +Walmart is starting to offer next-day delivery for more than 200,000 items on its website. + +The retailer’s rollout of next-day delivery will begin in Phoenix, Las Vegas and Southern California, before reaching 75% of the country by the end of the year. + +The announcement follows Amazon in April announcing free, one-day delivery becoming a new perk for all Prime members. +I work for a large financial company. We are large. And people always ask "can you help me get a job at MyCompany?" As an entry-level, non-manager employee I have a little influence over who is hiring and very limited knowledge of all the groups and their job postings out there. I'm one of 25,000 employees in 1 department out of literally 100s. But I can still help you in the job you're interested in. + +We have a wonderful referral program (as do many companies). If you go on to the job site, see a position you qualify for, and are reliable then there's no problem referring you to a different application link for that specific position. Every job has a code and all we need is that code. Can't promise an interview but they do put a different consideration on the application when being referred. That's how I can help. A lot of large companies work this way. + +WSB tard here - just a question for the wizards of Theta. + + +I know this is not technically Theta related but you guys seem so calm and cool - you remind me of my wife's neat new friend (he's so handsome)! + + +Let's assume for a second that the hedgies would rather kamakaze before paying out tendies to the unwashed masses: + +Quick question - if the hedies go bust, what happens to thier short positions? Is it a nucklear hot potatato that eventually melts the poor fucker who's left bagholding or do they evaporate, the bubble pops and it's a meltdown? + + +Asking for a friend. +Sad noises. My cost basis is 65 and I collected about 250 in premium but will be missing out on a few thousand dollars in profit because I thought that I could pick up some pretty fat looking pennies. +http://about.van.fedex.com/newsroom/fedex-committing-3-2-billion-wage-increases-bonuses-pension-funding-expanded-u-s-capital-investment-following-passage-tax-cuts-jobs-act/ + +I work for them as an hourly worker so I'm honestly just waiting to be told I've been let off because of these recent actions due to the tax cuts in D.C. + +Does this change how you might invest with them? What do you think? +### UNITED STATES + +* **Futures** are down this morning in the US and global stocks are falling as well +* Budget discussions took a sharp turn and it now looks like the government will indeed shutdown tomorrow unless $5bn are allocated to build a border wall +* Data from the *Philly Fed* shows regional **manufacturing** **activity** **slowing** and "hours worked" reversing course to 2016 levels + * **New Orders** and **Expected Investments** are holding steady though  + +### OTHER + +* The Bank of England reduced Q4 growth forecasts from 0.3% to 0.2% for the **British economy**  +* **UK Retail Sales** came in strong (Expected 2.3% | Actual 3.8%) +* A court in **Germany** is making **Apple** stop selling certain iPhones after finding that they **infringed on Qualcomm** patents  +* **Oil** continues to get battered with the price of **Brent** **Crude** falling below $55/barrel  +* The Malaysian government wants $7.2bn from **Goldman** **Sachs** for their involvment in the **1MDB** corruption scandal +* **Carlos Ghosn** was rearrested amid suspicion that he shifted $16 million in personal losses to **Nissan** + +### CHINA + +* The gap between Chinese stock underperformance and US stocks is narrowing  + * US stocks have underperformed Chinese shares since the end of October  +* [The South China Morning Post is bullish on American stocks ](https://www.scmp.com/comment/insight-opinion/article/2178855/why-federal-reserve-rate-hikes-and-us-market-fundamentals) +* Charges have been filed by the US against two Chinese citizens for their role in a campaign to steal information from US businesses and the government  + +*\*This will be my last time reading the news for you until Dec. 27 - Happy Holidays* 🎅 +Early 30s couple, no kids yet and no elderly living with us (yet). + +We’ve been shopping around for our next main home and a ton of the homes we like have elevators in them. So far, we’ve automatically crossed out homes with elevators because of horror stories we’ve heard about maintenance costs and what needed to be done if it ever required major repairs/replacements. It’s a shame because some of the houses were really nice. + +The limited information I have on elevators came from a friend whose family owned 1950-1960s apartments. Hopefully elevators installed in homes 2010 or newer are less scary to own. Google seems to suggest annual cost in the hundreds, which isn’t bad at all but I’m still skeptical. + +Here are my questions for those who own homes with elevators: + +- What’s the vintage of your elevator and annual maintenance cost? +- How expensive were the big ticket repairs, if any? How invasive were the repairs (did they have to tear walls down for access or ask you to vacate for a while to handle fluids)? +- Any regrets on buying a house with an elevator? +- Any tips for what to look for in an elevator? Eg which features you liked or hated, things you wish you’d known before + +Thanks folks! + + +EDIT: +Thank you so much for your valuable insight - there were many facets mentioned that I haven’t considered. The issue that would most annoy me is the regulatory burden. We’re leaning towards either avoiding the elevator for now or looking into whether we can decommission it until we actually need one. +Almost everything people discovered here was right. Shocking + +My main outtakes: +- market is manipulated (short ladders and spoofing/layering are real) - Dave actually analyzed historical deep market data himself +- last two FINRA meetings have been „interesting“ +- our orders never actually reach the real exchange, internalization of retail orders is actually terrible for the market, especially in combination with PFOF and frontrunning - orders are only send to exchanges as the last resort as they are the most expensive - basically called toxic exhaust (LMAO) +- more insights needed here in order to understand how OTC (internalizers) and Darkpools (called also ATS, alternate trading system) are actually preventing price discovery on the actual exchanges - Dave is not sure how price suppression and „walls at 180 bucks“ would work involving Darkpools. Needs more investigation and inputs here. Still, you cannot trade and quote outside NBBO as this would be illegal (rule 611). But actually for layering you do not really need Darkpools as this needs to happen on the open market +- GME OTC average trade size dropped from avg. 250 shares in late 2020 to about 40 shares since Jan 2021 for Citadel and Virtu - same shares traded back and forth or just retail piling in? - make your own conclusions +- price discovery mechanisms are completely broken in todays markets aka price does not matter and is artificial +- shares are rehypothicated multiple times and this is real +- Dave is looking into mechanisms how the FTD figures can be manipulated and mentioned specifically the different option strategies discussed in the subreddit - so yes, FTD official figures are just garbage and only tip of the iceberg +- as many as 90-99% of all orders in the market are possibly from HFT firms, when they stop quoting we see gap ups and gap downs - these gaps are sometimes just illiquidity contagions (aka flash crashes) and not actual manipulation +- due to increased HFT role and very low latencies, the market became more fragile as the HFT strategies incentivized by speed lead to self similarity +- regulators are not blind, just very very slow (one of his proposed changes took 7 years to implement…) - regulators are struggling to keep up with complexity and amount of data +- most fines are unfortunately just „slaps on the wrist“ and „corruption inherent in the system and the revolving door“, „fines are nothing compared to the damage caused“ and „seen just as cost of doing business“ - so basically „trying to enforce best execution is like trying to nail jello to a wall“ +- Last but not least: we should voice the issues to the SEC, Representatives etc. The more attention and pressure there is on the topics and concerns, the more likely people will see meaningful change implemented + +Thanks Dave! Amen apes. Hodl. 🚀 + +Please correct me or add stuff if I am wrong on any point. + +Not a financial advice. Only for entertainment purposes 🤡 + +PS: https://youtu.be/AYct0XX0uTU + +TLDR: 👊🍦🚀 +Pro-tip from an old fart who's seen a lot of threads on here where one family member is finally making a good salary -- and wants to help -- but others don't understand what's prudent: + +Go see a pro. Even if it's just once, even if it's a mall kiosk or online YouTube video series. Tell everyone you're doing it, that you're getting professional advice on *how to make a long-range plan that will help the most over time*. + +Then when someone you love wants you to buy them a $$$ flat screen and you *know* that money is better off in the RothIRA, don't tell them *you* know it -- tell them + +"The financial advisor said I need to be putting X plan into place if we all want to be secure in the long run, and this doesn't fit the plan". + +or even -- "Gee, I've got everything set up on autopay so I can't possibly mess it up, and there just isn't enough in that account." + +In cultures that value age/experience, where you've got older people pressuring (you) the younger ones, passing the buck to an outside authority figure -- or settled *plan* -- can sometimes cut through a lot of stressful family dynamics. +I've got a great job that offers a competitive salary and a low stress environment. I'm more than well compensated for my work, but it's not enough to satisfy my fatFIRE timeline. + +Those of you who have left great jobs for something with more risk (and potentially much more reward), how did you decide to pull the trigger? + Not sure how to title! + +My father died Oct 2021 and left 3 siblings 2 houses. + +One is being rented out through a company and we all have 1/3 stake in it. + +The other house, my sister already lives in. She would like to purchase it from the other two. + +What are the options for her doing that? + +I don't especially want to give my sister an interest free loan, but my brother is ok with that. I feel a bit like an A-hole for pushing back, because you want to cut your sibling a break... but I feel like I'm the only one who fully embraces current and future value of dollars and assets. + +We all get along pretty well and I don't think there will be a fallout over this. + +The only options I see are: + +\-Re finance through a bank and pay us immediately. My friend pointed out the % lost with all the fees, closing costs, and all that... so maybe it's worth just writing out an interest free loan and avoid banks. + +\-Charging my sister interest which really kind of feels wrong somehow. + +\-Letting my money sit in the house and hoping she sells in like 15 years when I would actually use the money. + +Thanks for any response and insight! +I feel like FATfire is more open to Americans due to the huge salaries available. + +Is a sallary enough to FATfire in the UK in your opinion. I consider my sallary progression and see that even those reaching 6 figures will take much longer to hit 3-5 million. Really you need a 6 figure sallary outside London to save enough from what I'm seeing. +BTC has been constantly over 60k for the last 16 days, back in April it could only hold it for about 4 days! that's pretty insane to me! but some people now are just taking 60k for granted and being disappointed that it is not going up, come on guys let it run it's course, is healthier this way, you can't compare it with all those crazy moonshots going around. + +Slow and steady wins the race 😎 give it 3 months and see how all those coins are doing, then see how BTC is doing!!! you might still be in time to take profits and put some in BTC!!! ~~not financial advice, just to be sure~~ +So i'm 19 and want to take investing in my future seriously. i have £3400 i can invest, which will go up to £4000 in January, then i have a fall back off £1000 if something goes wrong. I'm also looking to put in £100 a month. + +My plan is to have 80-90% of my portfolio in 1 or 2 ETF's that over 5-10 years will net me a nice and steady growth. Then i want 10-20% to play with in individual stocks. + +In terms of ETF's, i was looking at putting my bulk in the s&p 500 since it seems the most logical. Relatively low risk with a decent average return. + +So my questions: is my plan solid? Are there any other ETF's i should consider, or just dump it all in the s&p 500? + +Thanks for any feedback, hope you all had a great Christmas and will have a happy new year +Approaching $1,400. At what point does this just go pop? On what basis does anybody believe this is sustainable? + +I’m not preaching here, I’m genuinely interested... +https://careers.gamestop.com/job/analyst-security/J3V0R174DZHKP9C5FVQ + +This company is going to blow up. + +I like the stock + +Not a financial advise + +💎🙌🏽🦧🚀🔜🌚 +I'm in my early 30's and having my first kid and want to make sure my wife and I are alive and able-bodied for as long as possible for my family as we age. Like most people, I've dealt with early deaths, incapacitations, etc. with my family and friends and it's awful and makes me wonder what I can do to avoid it. + +My current physical health is good and I keep a pretty balanced diet, regularly workout, no vices, etc. What else can I do to proactively manage my health with the resources I have? + +I've read just a bit about concierge doctors and executive physical exams. Would it make sense for me to find a facility that could do a comprehensive health check on us, perhaps at regular intervals? We're in the LA area if it matters. + +I'd appreciate any and all comments on the topic of longevity. Thanks! +Per [guides.loc.gov](https://guides.loc.gov): + +"The 116th Congress convened on January 3, 2019, and will run through January of 2021. It is currently the most diverse Congress in history, with 128 non-white Members and 131 women. **The average age of Members of the House at the beginning of the 116th Congress was 57.6 years; of Senators, 62.9 years.** " + +&#x200B; + +These people have no idea how technology or the markets work and are completely out of touch. + +&#x200B; + +EDIT: Thanks for the gold and other awards kind autists B) +Hi, + +On a Saturday, August 15th, 2020, I opened a bank account with Bank of America since I was informed that you could have a bank account without a local branch being near you. I'm fairly new to the US, and where I'm from all major banks are nearby all the time, so I thought maybe it was some American-thing. + +I opened my account online, was accepted for a Checking account and a Savings account and they sent me a debit card in the mail. I transferred my savings from Credit Karma into that savings account. I also sent money from my old small-town bank checking and savings into their respective accounts with a direct bank transfer. + +All was fine until Monday, August 17th, 2020, when I went to log into my account and saw they had closed my account. When I called to find out why, they couldn't say but informed me if I went in person, they'd keep the account open. Nearest branch was 2 hours away, so I said never mind. It took a few days, but my direct-bank transfers were refunded into my account. However, my Credit Karma money was gone. They told me they would mail me a "cashiers cheque" (not sure what that is) and it would take 7-10 business days. + +For the days following, I contacted them again and again and the dates kept changing (3-5 business days, 2-3 weeks, etc). Finally, I called one more time to ask to speak to someone higher up who maybe could give me more info, only this time they wouldn't tell me **anything** because I "had no security questions set up". When I told them this was the first time they asked me any security questions outside of my name, date of birth, SSN and address as well as how long I've lived at this address, they said their "security policies have been updated". The last thing I was told was it could take 2-3 weeks and then another 7-10 business days on top of that to process and send the cheque. + +It is currently Monday, September 14th, 2020, and no cheque has yet to be delivered to me. I can't get any information from them and I don't know what else to do. Sad to say, if I'm stuck I'm willing to let go of it as the amount is less than $1,000USD. However, still a good chunk of money and I've only recently managed to get my financial life in order so losing a decent-sized amount of money is a little upsetting. + +I've also failed to mention that my time in the US has been short, but I **am** a dual citizen of the United States and Canada and I hold passports for both countries. + +Any advice? Thanks in advance. + +&#x200B; + +EDIT: I really appreciate all of the assistance you've all given me, and it makes me happy to know there are possible solutions but it makes me happier knowing that so many people I've never met have offered me so much good advice. Whatever ends up happening, I really appreciate all of your assistance. I didn't expect this many replies, so initially I planned on replying to everyone but that won't be possible for me, sadly. I'll update with the results of the various options you've offered! + +&#x200B; + +EDIT 2: I should also mention that I wrote "the amount is less than $1,000USD" as I'm used to not sharing a lot of my finance info. It's considerably less than $1,000. Even if it's $5, it's not cool, but believe me if it were for $1,000 I'd be making a much bigger deal. Also, for personal reasons, I'm unable to travel very far these days. I don't have a lot of friends here and the ones I do have that could **maybe** help me get there are sheltering-in-place due to COVID. The state I live in is pretty awful COVID-wise. Again; thanks for everyones help. +If your a dumb fuck like me and bought NVX because your a stupid FOMO retard what are your plans going forward? Cut your losses or pray big dick Elon sends us all to mars. Personally I only put $500 in because knew it was risky so I’m prepared to ride it right into the ground on the off chance we all get sent on a moon holiday +If you head over to r/stocks, r/realestate investing, r/realestate, r/dividends, they all are in complete denial about the crash + +“Just a couple more months and we’ll go back to a bull market!” + +“We are at the bottom. It can’t POSSIBLY go any lower!” + +“These home prices are the NEW normal! It’s impossible for them to drop. This isn’t 08!” + +Everyone is sipping on that copium. The United States printed a shit ton of money during a period where most of the economy has shut down. + +Thousands of businesses have been afloat simply because of cheap money and overvaluations. + +There isn’t a “housing shortage”. If you look into the stats, there is plenty of housing for everyone. There is just a shortage of people SELLING their homes. + +When the demand for these homes goes down (which it already is because of higher interest rates) these values are going to go lower and lower. Add in the fact that people are over leveraged and layoffs are coming people are going to be forced to sell, freeing up the supply problem. + +Don’t even get me started on the number of people that are going to get margin called when their value of their homes go down. + +In essence: we’re fucked. We are guaranteed to be in a recession for at least the next year. + +This is just the beginning. Hold on to your horses guys! + +(At least the dollar is doing well…. Look at the exchange rate for the pound, euro, and yuan…) + +Im also retarded so I could be completely wrong +I put one up the other day in a vacant lot I own and received a call from someone wanting to sell their house. My question is, what do you say to people to convince them to sell their house for less than they could get on the open market? Also, how do you make an offer on a house through the phone without having ever seen the interior of the house? Are the people that put these signs up going to the house and inspecting prior to making an offer? + +&#x200B; + +The house would be worth $165k in 90% shape and I offered him $100k. The house realistically needs $10-$20k in repairs which I explained to him. I also told him we would forgo real estate agent fees, closing costs, etc but he did not seem very pleased with my offer and thought it should be closer to $150k. +>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. +**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 \(answers would be in the AMA thread\). +I use my Capital One credit card for virtually everything and then pay my balance off every week. + +Last night at 9 pm while watching TV, I got a text alert from Capital One asking if I had made a certain charge. It was definitely a place I had not been to in years (and my physical card was in my wallet), so I responded "no" and was given a fraud alert number to call. + +After spending 10 minutes on the phone with a fraud specialist, it appears my card had been "skimmed" and the number was being used multiple times at multiple places in New York state (thousands of miles from where I live). + +The agent immediately froze the card, credited all charges, and opened up a fraud report. Case closed. + +If the exact scenario had happened with a debit card, no immediate credit would have been given, and I would have had to wait for a bank to complete an investigation before getting any of my money back. This sometimes takes weeks or even months, depending on the bank. + +Hopefully, this anecdote will help out someone that frequently uses their debit card for purchases. + +ETA: The number I called was directly from the [capitalone.com](https://capitalone.com) website after I logged on to check my transactions. Thanks to those who pointed out to verify any number you call first. +So according to statistics - there are several but tell roughly the same story - adjusted for inflation we earn roughly the same as in the 70s. + +Yet in the 70s one single income was often enough to finance an entire family - while today one signle income is barely able for one person to finance itself. How do these two facts add up? +Hi /r/personalfinance. I am reaching out here, because you are by in large the most active professional community on reddit. If this post is deemed not pertinent by the mods, so be it. But here goes - + +I work in brewery sales, and have done so for the last 4 years. It is not often a glamours paying industry, so salaries paying above 50k are usually the most sought after. I had been working for a very highly reputed national company, and doing a great job at it for 4 years, at a salary of 45,000/yr with bonus. Roughly 47,500 all told. + +One day, my phone rings and it is the owner of a much smaller, local brewery, and said he would like to meet and discuss an opportunity with me. I listen. He asks my shoot for the starts number, I say 65,000 to leave the happiest I have ever been with a company. He says we will take a look, and talk further. + +Two days later I have an offer letter in my email for 60,000/yr with bonus. I have to accept. I have no degree, I am under 30 with not a TON of experience. This is the most I will ever be offered (in my eyes) in this industry. I accept, send notice, work my two weeks, take one off, and boom. Started. + +Fast forward two months.. here I am. Miserable. + +I hate it. I don't like the company direction, I don't agree with some business practices, I have brutalized some business relationships by leaving such a highly respected brand, for what is seen as a much lesser job. I can feel the snickering from my peers behind my back. I am now the guy that can be bought. Integrity out the window. All of my peers know the owners of this place have A LOT of money, so they have to know it cost them a pretty sum to get me out of where i was. I so highly value the respect of my peers. + +I find myself searching for jobs, and I've even put out a resume just this morning. I am so scared that I have tarnished my ability to walk into an interview with leverage. My two month stint at this new company, with an immediate jump ship? Huge red flag to anyone looking me over. + +Granted, I feel confident I can bring to the table the tools and means to make a brewery successful. I've done it before, I am doing it now with WAY less means and support. I have always interviewed well, so my hopes are that I can get in front of some people and woo them. + +I have to get out. I can't go back to my old job, that bridge is closed. Job opportunities like these are floating around, but not exactly plentiful. + +I miss my 45,000 and happiness. I highly regret 60,000 and uncertainty. At the end of the day, I understand I am not always going to love my job. This is especially the case. I just felt this was the road to finally getting my finances in order. I filed Chapter 7 just one year ago to get out from mountains (125k) of medical debt, and I find myself finally saving some money. Living within my means has been the goal every single minute since I signed the line for Chapter 7, and started this new job. + +I just hope it was the right choice. + + + + + +*edit: + +Well, wow. I'm stunned by your response. Thank you all so very much more chiming in. There is a wealth of great advice here. I will begin to answer some of what I can when I get back from WORK today. Cheers. +I stumbled across [this article](https://www.investopedia.com/articles/trading/09/incorporate-active-trading.asp) yesterday and it makes it seem like a no brainer as an investor. Sure, there are up front costs and annual expenses but there appear to be a number of significant advantages. You don’t need to be trading actively (I’m a long term hold investor) but you receive similar tax benefits to active trader status and it opens you up to new tax strategies that you don’t have as an individual investor. It appears to be better for passing down generational wealth and offer a number of other benefits that could make your money more difficult for creditors to access in case of bankruptcy/court proceedings. + +How common is this strategy among fatfire folks? Many of you are entrepreneurs - do you trade through your/a separate company? Same question for non-entrepreneurs - did you establish a corp to invest through? +Hello Apes Everywhere + +I had a little too much green crayons last night and unfortunately ran out causing me to try a brown one for the first time in my life.... I wish someone had warned me but once you go brown there's no going back. + +Long story short I just want to point out that.... EVERY time I've looked at r/GME or r/Superstonk within the last week or so... ALL i am seeing are posts talking about how the price is going to $1000 - $1300 before crashing back down to $200. + +&#x200B; + +Seriously guys what is the first thing that comes to mind when you read that.... "Maybe I should sell at $1000 and buy the dip when it crashes back down". + +That's literally a self fulfilling prophesy and would guarantee GME never takes off. + +&#x200B; + +&#x200B; + +Edit: Hedge funds have 2-5 days to cover when margin called. If the get margin called at 1 K (hint they would)... then 2 days later the price drops to $200 because everyone sold then not only could they delay this rocket but they are also setting a precedent that the ceiling is 1 K which works out in their favour. Keep your shares close.... and the shills even closer. +Hi Reddit, + +My husband and I recently got married and we're looking to buy a two family home in a busy college town. We would live in the larger unit while leasing out the one-bedroom to cover about 50% of the mortgage. + +We both have good credit (720 and 750), but do not qualify for a conventional loan because I'm a student and not earning income (postbac pre-med), and my husband is a fourth-year resident about to enter fellowship. He is the sole income earner, has about $30,000 in retirement savings and $230,000 in student loans. However, I am debt free and have $380,000 in investments which return about 10% annually. + +My understanding is that mortgage companies calculate an applicant's risk of defaulting based on their debt-to-income ratio. Since my income is zero I don't qualify for a conventional loan, and because my husband's debt is so high relative to his current resident salary he doesn't qualify either. We've been offered a FHA loan but that sounds like complete shit when it comes to the PMI. We've looked into a physician's mortgage but they don't seem to really help our particular situation since they are designed to allow soon-to-be-doctors with high earning potential to buy a house with little to no money down in exchange for a slightly higher interest rate. Since we have plenty of cash, we really want to minimize our interest rate (and other monthly expenses, such as the PMI for FHA loans) and aren't worried about the amount of money we need to put down. We've even considered paying cash for a home, but I don't want to put all of my money into a single piece of real estate. + +Due to these circumstances, would it be a good decision to completely pay off my husband's student loans so that we can qualify for a conventional mortgage? Doing so would leave me with enough money for the down payment with about $70,000 left over. + +Thank you in advance for your advice! + + +I thought I’d make this post with the hopes of starting a discussion in the comments about market predictions going into the new year. + +Clearly the market is in a precarious place right now. It seems as though this recent sell off is mostly the result of overall uncertainty about a few things: + +&#x200B; + +1. Fed talk of tapering increase (The sooner the taper ends the sooner the Fed can increase rates) +2. Inflation. October inflation rates reported at 6.2% with November expected to be 8.4%. (November CPI data being released Dec 10th) +3. Rate increases 2022. +4. Omicron Cases +5. Inflated valuations + +I am by no means well versed in the world of economics but it is beyond me how the tapering of QE couldn't result in a catastrophic downturn in the market considering 21% of all U.S Currency in circulation was printed in 2020 with a huge portion of that money not ending up in peoples pockets but ultimately proving most effective in propping up company valuations. + +I think it’s also important to note how QE tapering has impacted markets in the past: + +&#x200B; + +[fuck](https://preview.redd.it/y0l044wh62381.jpg?width=620&format=pjpg&auto=webp&s=e59dd1d09fa18e21e51bbe474422801f58c6fad7) + +Would love to hear some opinions below. Do you think money will inevitably be flowing out of equities going into 2022? Could we see a year of sideways trading or bear porn? Or will irrationality prevail with this being the short term buying opportunity we always hope for? + +&#x200B; + +TLDR; Could be fucked or might not be +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). Last ban length: 1,048,576 days + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/2sQBNuM). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). Last ban length: 1,048,576 days + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/2sQBNuM). +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 Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +[U.S. Exports Of Crude Oil By Yearly Average](https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=mcrexus1&f=a) (Units are in thousands.) + +[U.S. Monthly Exports Of Crude Oil 1920-2021](https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCREXUS1&f=M) (Also, If you scroll down from the graph there is a table) + +[Volume Of U.S. Field Production Of Crude Oil](https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPUS1&f=M) (I believe this is the total domestic extraction of raw oil within the U.S.) + +[Graph Of Price Per Barrel Of U.S. Crude Oil Over Time](https://tradingeconomics.com/commodity/crude-oil) + +[U.S. Average Price For A Regular Gallon Of Gas Over Time](https://tradingeconomics.com/commodity/gasoline) + +I have a few questions and assumptions that I was hoping to have cleared up. + +There does seem to be a very strong correlation between the price of a barrel of U.S. crude, the production volume of crude, and the average price for a regular gallon of gas. Exports only seem to correlate with the production of crude, and this correlation isn't as significant as the previous comparison. + +Does the changing volume of exports of crude oil impact the price of regular gas at the pump? If there were increased incentives to not export crude, could that lead to a decrease in the price of the national average gallon of regular gas? How important, if at all, is the impact of the proportion of U.S. crude that is exported on the price of a gallon of gas in the U.S.? For example, the 2014 average monthly export was 10,686,000 barrels and the average monthly production for the year was 267,425,500 barrels. 10686000/267425500 = **\~4%.** Meaning for the year 2014 about 4 % of U.S. crude was exported. For 2019 the average monthly export was 90,695,416 barrels and the average monthly production was 373,804,333 barrels. 90,695,416/373,804,333 = **\~24%.** Meaning between the years 2014 and 2019, the average U.S. export of crude as a proportion of the average crude production increased 6 fold. I am under the impression that increasing exports leads to a decrease in supply that US consumers purchase from and ultimately higher prices at the gas station. + +I also assume that the change in exports has at least some relation to policy changes across the last few presidents, is this correct? If so what specific legislation or policy was involved? + +I really don't want to assume anything and I really am not trying to make this a Democrat Vs Republican argument. Especially since Obama exported a notable amount more than Bush did. Its just that the change in total exports do generally correlate to major elections so I thought to ask about government policy. I also know that Obama did pass some legislation by making give and take type deals with Republicans. Obama would approve legislation that he personally opposed in order to get support from Republicans on subjects they normally wouldn't support so I am guessing that Obama may have approved "pro export" legislation in order to get something else he wanted done. Particularly when the legislature was controlled by Republicans. + +The first significant uptick I see in exports follows the 2012 election cycle. But this increase is relatively marginal compared to the increase that occurs after the 2016 election. + +[https://en.wikipedia.org/wiki/2008\_United\_States\_elections](https://en.wikipedia.org/wiki/2008_United_States_elections) Democrats maintained the House and Senate and took the presidency. + +[https://en.wikipedia.org/wiki/2010\_United\_States\_elections](https://en.wikipedia.org/wiki/2010_United_States_elections) Republicans take the house. + +[2012 U.S. Federal Elections results](https://en.wikipedia.org/wiki/2012_United_States_elections) Democrats maintain the Senate and presidency. Republicans maintain the House. + +[2014 U.S. Federal Elections results](https://en.wikipedia.org/wiki/2014_United_States_elections) Republicans take the Senate and maintain the House. Democrats still have the presidency. + +[2016 U.S. Federal Elections results](https://en.wikipedia.org/wiki/2016_United_States_elections) Republicans take the presidency and maintain the House and Senate. + +[https://en.wikipedia.org/wiki/2018\_United\_States\_elections](https://en.wikipedia.org/wiki/2018_United_States_elections) Republican maintain presidency and the Senate. Democrats take the House. + +[https://en.wikipedia.org/wiki/2020\_United\_States\_elections](https://en.wikipedia.org/wiki/2020_United_States_elections) Dems maintain the House and take the presidency and narrow control of the senate. + +&#x200B; + +* Bush (Averaged about **781,000 barrels exported per month** across his whole presidency): + * There was a noticeable decline in exports across his first term and Republicans controlled both houses throughout his first term. + * January 2004 to December 2008 exports averaged about **847,000** barrels/month. + +&#x200B; + +* Obama (Averaged about **6,627,000 barrels exported per month** across his whole presidency. Just shy of 9 times the amount that Bush averaged!) + * Obama's **first term** averaged about **1,521,000 barrels exported/month**. (Jan 2009-Dec 2012) + * January 2009 to December 2010 exports averaged about 1,101,000 + * January 2011 to December 2012 exports averaged about 1,348,000 (Republicans gain majority in the House in Jan 2011) + * Obama's ***second term*** averaged about ***9,798,000*** **barrels exported per month**! + * January 2013 to December 2014 exports averaged about 7,383,000 + * Exports jump from 3,679,000 barrels/month in October 2013 to 7,578,00 barrels/month in November 2013. Slightly more than doubling in one month alone and the start of a new trend. + * Through 2014, the general trend of exports is that it continues to grow, though they fluctuate month to month. + * The Republicans have both houses starting January 2015 and maintain this until January 2019 when Democrats take the House. + * 2015 - 2016 exports per month continued to grow. January 2015 to December 2016 exports averaged about 16,083,000 barrels/month. From a minimum of 9,592,000 barrels/month in November 2015 to a maximum of 24,414,000 barrels/month in May 2016. + * An absolutely massive increase in exports during Obama's second term! A disproportionately high amount of this occurs after the Republicans have control of both houses following the 2014 elections. + +&#x200B; + +* Trump (Averaged about **71,494,000 barrels exported per month** across Trump's whole presidency. Just shy of 11 times the amount exported per month during Obama's presidency) + * Trump's one term from January 2017 to December 2020 averaged about ***71,494,000 barrels exported per month.*** This is including the months where there was a drop in exports and production and demand following COVID in early 2020. There was actually an increase in the yearly average for 2020 despite COVID severely diminishing demand. + * Presumably Trump's monthly average would have been approximately Obama's yearly average had it not been for COVID. + * Average monthly export for the year 2017: 35,209,000 + * Average monthly export for the year 2018: 62,295,000 + * Average monthly export for the year 2019: 90,695,000. + * Average monthly export for the year 2020: 97,778,000 + * U.S. crude oil production peaked at about 400,000,000 barrels for the month of December 2019. + * Crude oil exports as a proportion of crude oil production increased substantially from January 2017 to December 2020. + * Starting January 2017, exports started the bulk of their explosive growth. Going from 22,046,000 barrels exported in January 2017 to a peak of 112,385,000 barrels exported in March 2020. A more than 5 times increase. + * In January 2017 the U.S. exported 22,046,000 barrels and produced 275,058,000 barrels. **Meaning about \~8% of barrels produced were exported.** + * In March 2020 the U.S. exported 112,385,000 barrels and produced 397,298,000 barrels. **Meaning about \~28% of barrels were exported in March 2020!** A 3.5 times increase in proportion of crude extracted that is exported. + * I mainly bring this up because I am under the impression that if these barrels weren't incentivized to be exported maybe this would increase the supply of the domestic market and ultimately bring down the price of gas at the pump. Then again, maybe producers wouldn't be incentivized regardless because low supply can increase profits. Even if producers have the ability to increase the supply and sell a larger volume of product, the increased volume sold may not be enough to compensate for a lower sale price. + * Exports of crude oil have been swinging wildly since COVID. + +* Biden (There is only data for 2021) + * Average monthly crude oil production for 2021: 90,636,000 barrels/month. Slightly less crude was produced for 2021 than 2020. There was also less demand for crude through 2021 than 2020. + * Crude production bottomed out in February 2021 at 273,646,000 barrels produced, U.S. production is on a relatively quick fast track back to peak production at 358,588,000 barrels produced in December 2021 alone. A \~31% increase in production in about 10 months. (I assume this rate will continue to taper as the U.S. continues to near a production capacity of 400,000,000 barrels/month, as this was the peak rate prior to COVID. +With all the new minimum wage laws going into place, I assume there is more recent research now on the impacts of minimum wage laws. So, do they increase unemployment? Do they actually help those who need it most? What kind of impact are we talking about here? There's a measure on my ballot about increasing the minimum wage, so I'd really like to know. +Everything I've found online is basically "have them read a chapter and then they answer questions about it" + +I'd love to do something interactive, maybe requiring negotiation, incentives and conflicting motivations. Something I that can serve as an allegory for a specific part of how the economy works. + +Has anyone hear been exposed to or run something like this? Maybe as a early college experience? + + Or maybe you just have an idea that could theoretically work? + +Would love to hear your ideas! +If I understand correctly, A repo is when X gives some assets to Y, and Y gives like 10 dollars to X. However X is comitted to buy back that asset, but for a higher price. Hence Y is essentially lending money to X, receiving interest and using the asset as a collateral. I guess I understand that, but I read that most repos are done in a short timeframe. What's the point then? Why don't the buyers like X just borrow money through the traditional channels? +About to finish my Phd thesis, and as a non-native English speaker, I wonder which sounds better, I welcome any new title suggestions: + +The Behavior of European Stock Returns Under Regional and Global Geopolitical Uncertainty + +or +The Behavior of European Stock Returns Under Global and Regional Geopolitical Uncertainty + + + + +My thesis has 3 main chapters +1- long term relationship between European stock markets and Regional and Global Geopolitical Uncertainty +2- 1- Short term relationship between European stock markets and Regional and Global Geopolitical Uncertainty +3- The ability of Regional and Global Geopolitical Uncertainty to forecast European stock markets +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. +So today we shared our announcement of CoinMarketCap listing being filed for and response! + +[https://eclipsetoken.org/releases/token-utility.m4v](https://eclipsetoken.org/releases/token-utility.m4v) + +So this morning we received major FUD, FUD that would have no doubt crashed any project to pieces, instead it made us stronger and to work harder, AMA was hosted, next announcement revealed and it is safe to say we are only x10 stronger and still the largest growing community of degens! + +We will be at the top and number one this is without doubt , growers are building at rapid pace and we have more degens then ever , still only a small margin as to what we have planned but still unprecedented growth every day, if we was just simply a meme coin with no use or charting system and other uses not revealed yet then yes FUD would be able to damage our company etc, however that is not the case even if we hit the bottom due to fud once we release charting system we are number one. The quality and service it provides takes us to a platform that we have not yet touched and seems far away, but to us it’s very close very simple. + +Well done degens for holding tight , welcome + +New degens and let’s enjoy the ride - LIKE THE ECLIPSE WE CANT AND WONT BE STOPPED!, We are not affiliated or connected to any other project or company! + +# Things to come that are already announced! + +* CoinmarketCap Listing - applied for and received response! Todays announcement +* Gecko listing applied for +* Charting platform before Q2, Dev is just adding final touches - [https://eclipsetoken.org/releases/token-utility.m4v](https://eclipsetoken.org/releases/token-utility.m4v) +* Live AMA was hosted today direct conversation with the team and the holders. +* New Tiktok contests live with more being added, different platform 1k comp online on site and 24 hour competition here > [https://vm.tiktok.com/ZMeuCD3PS/](https://vm.tiktok.com/ZMeuCD3PS/) +* Website being updated! + +WEBSITE > [https://eclipsetoken.org](https://eclipsetoken.org/) + +TELEGRAM > [https://t.me/eclipsetokenofficial](https://t.me/eclipsetokenofficial) + +DISCORD > [https://discord.gg/dx2T9J6G](https://discord.gg/dx2T9J6G) + +POOCOIN APP > [https://poocoin.app/tokens/0x375483cfa7fc18f6b455e005d835a8335fbdbb1f](https://poocoin.app/tokens/0x375483cfa7fc18f6b455e005d835a8335fbdbb1f) + +BSCSCAN > [https://bscscan.com/token/0x3DA5eACe97f20ad44294AC12757056695D9d6DD1](https://bscscan.com/token/0x3DA5eACe97f20ad44294AC12757056695D9d6DD1) + +Twitter > [https://twitter.com/token\_eclipse](https://twitter.com/token_eclipse) + +ADDRESS TO BUY [0x375483cfa7fc18f6b455e005d835a8335fbdbb1f](https://poocoin.app/tokens/0x375483cfa7fc18f6b455e005d835a8335fbdbb1f) +It seems like everyday now there’s a new post about someone selling all their stocks because of something President Trump says, or new posts full of concern trolling with little to no investing content. I get it, he’s plainly unconventional and isn’t a herald of stability. If that comes as a shock to you, frankly if anything he says or does comes as a shock to you, you haven’t been paying attention during the last 2 years. His platform hasn’t magically changed overnight, and tariffs did not just spontaneously fly out of left field. + + +Politics is an awful, awful, awful determinant in investment decisions. Warren Buffett has time and time again repeated that sentiment, and if you think you have a better investment dogma than Warren Buffett then hats off to you, but I’ll take his word over anyone else’s. + + +No one knows where this market is going. If they claim they do then they are lying to you. All you can do is stick to your investment philosophy and risk tolerance and go from there, but I implore you to take the advice of Warren Buffett and leave politics out of your investment decisions. Good, profitable businesses will continue to do well despite those circumstances. + + +Charles Hoskinson did an amazing job in front of congress today. + +I was impressed. It is not easy to go in front of the government right now talking about crypto, you kinda go there with a target, not on your back, but right on your forehead. + +There is so much arrogance when money is flowing, a lot of people are wrongly assuming that people in crypto all have the personna of a Do Kwon/Justin Sun/The other weirdo who think he was Satoshi(I forgot his name). + +He was clear, funny, energetic, vulgarize well his answers. + +You can go though the hearing here and just skip to when Hoskinson is talking, he was the most interesting part of this hearing: [https://www.youtube.com/watch?v=QH2DssrrM4A&t=2s](https://www.youtube.com/watch?v=QH2DssrrM4A&t=2s) +We are warmheartedly welcoming you to join us! Many, if not all, of us have been enthusiastic about bitcoin at some point of our lives. Nice to have you here! +Hello everyone. My wife is having health issues so we’re moving from the country to the city for awhile. We’re selling our ranch and will have about 1.7 million in cash once everything is said and done. We aren’t really “city people”. Once my wife is doing better, we will probably move again. Doctor said 1-2 years but she might always have health issues going forward. Should we pay cash for a house we might only live in 1-2 years? Should we rent? Renting makes us a bit nervous given everything that’s going on in the world. I don’t think it makes sense to mortgage for that time frame. What do you think? Is it crazy to pay $650k in cash? + +Edit: I’ve decided to rent a house but increase my budget so that I can get a newer-build house. I will also be taking a flashlight to view the rental so that I can inspect it well. What really made the decision for me was the thought of buying and having to replace a roof or fix a cracked foundation etc… Buyers are waiving inspections in our crazy housing market. Thank you all for the insight and kind words. +Mid 30s married with one kid. $2M net worth (95% index funds). $700K HHI. We plan to retire before age 50. + +My wife and I are in a civil union (not technically married), which allows us to contribute the annual family max in separate HSA accounts (or ~$7k per person per year). We’ve been doing this for the past ~5 years and our HSAs are now at more than $100K. We invest the HSA and pay medical expenses out of pocket. + +At what point should we stop contributing to our HSA, understanding that we’ll have several hundred thousand in the account by the time we retire if we continue at this pace. + +I originally planned to save all of our medical receipts and use those to withdraw from the HSA in retirement, but I wonder if we’ll have incurred enough medical expenses to go through all of the funds. I also understand that I can’t pay for health care premiums in retirement using my HSA +I moved into my house 6 months ago and luckily my partner got us on a fixed tarrif costing me about £100pm atm, until 2024, but it all confuses me a bit, will they stabilise and come down or will demand just increase? +https://old.reddit.com/r/InvestmentClub/comments/dqreu6/remember_to_always_smell_check_investments/ + +>Despite his company crashing from a proposed valuation of $47 billion to a valuation of $8 billion in a few months, Adam Neumann walked away from WeWork with $1.7bn, comprising of: + +>* $1 billion for his shares +>* $185 million for a four-year position as a consultant +>* $500 million loan to repay a credit line from JP Morgan. + +>This was hyped as a 'tech' stock. + +>The financials are horrific. + +>Remember that even Masayoshi Son (the dude who invested $20mm in Alibaba in 1999) can throw $10bn into effectively a ponzi... + +Always keep in mind that for the startup founder, raising valuations is the name of the game. The startup is the product for return-chasing investors, and the startup's own business model can be fuck-all. Whether the founder walks away with 100cr or 10000cr is besides the point. That's still a lot more than the amount the retail investor can afford to lose on a single or collective group of high-risk investments. +Received a payment from a EU27 account (in EUR), the funds were sent to a Euro-denominated account in the UK and somehow the funds arrived were substantially lower than the original amount, which the banks stated was due to funds being converted into GBP and back into EUR. + +Each bank is blaming the other. Does anyone have any experience with this? The UK is a SEPA member, even post-brexit. +Basically I've been reading a lot about personal finances and I want to invest some part of my salary in ETF's. I'm portuguese and I've been following some youtubers/other sources, and some of them recommend using Degiro. I've already created an account on Degiro but I haven't invested anything yet. +I've been reading in some posts that most people here recommend investing with "Interactive Brokers" because of the account protections being much higher than Degiro. My question is with the new changes on Degiro, being money going to a bank account wich is protected up to 100k € because of EU laws, do you think it's still best to use IB instead of Degiro ? +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! +A few highlights + +* 21% Who Left Job During Great Resignation Cashed Out 401(k) After Leaving +* 55% of next gen say they put their retirement planning on hold during the pandemic +* Almost half (45%) of next gen don’t see a point in saving for retirement until things return to normal + +[https://www.businesswire.com/news/home/20220317005129/en/Fidelity%C2%AE-Study-Most-Americans-Hope-to-Put-Pandemic-Behind-Them-and-Reclaim-Strong-Financial-Grounding-but-Retirement-Concerns-Abound](https://www.businesswire.com/news/home/20220317005129/en/Fidelity%C2%AE-Study-Most-Americans-Hope-to-Put-Pandemic-Behind-Them-and-Reclaim-Strong-Financial-Grounding-but-Retirement-Concerns-Abound) + +Personally, I find it deeply concerning that 1/5th of people who quit cashed out their 401ks. It's their money, but jeez. +In this post I provide + +\- A way to fight against shorts and the SEC trying to go easy on them **within one minute.** + +\- Help on writing your own comment, focusing on (a) fuck the SEC doing the bare minimum, and (b) [fuck synthetic shorting via ETFs.](https://www.reddit.com/r/Superstonk/comments/vbk3mh/the_law_of_unintended_consequences/?context=3) + +If you want to fight the targeting of particular beloved stocks by short-sellers, take a minute and comment on this rule. You can choose to copy paste Lauer's great letter, or grow some wrinkles of your own and develop your own ability to argue for retail's interests. It's up to you :) + +Now LFG + +# TLDR + +\- Proposed Rule 13f-2 governs what information short sellers need to provide, and what short-selling information is publicly published. As we all know, GME is and has long been the target of many different vectors of short attack. **By influencing this rule, we can gain more information on all the ways GME is targeted by short sellers. No more shorting in the dark.** By repeatedly eroding Wall Street's information advantage over us, we weaken them, strengthen ourselves, and open up opportunities to catch manipulators and fraudsters *ourselves.* + +\- The rule currently proposes to publish monthly aggregate short data, 2-4 weeks after the end of each month. What the fuck is that? It's literally the bare minimum as required by the Dodd-Frank Act, which the Act explicitly says is the bare minimum. No SEC, doing the bare minimum is not how you protect investors. + +\- In the request for comment, the SEC asks if they should also include ETF shorting in the rule. **Previous DD has linked synthetic shorting (eg via XRT) to GME.** My vote for ETF inclusion is "hell yeah" with a side of "obviously". See the past DD [XRT is just another ticker for GME](https://www.reddit.com/r/Superstonk/comments/tkj5q7/xrt_is_actually_just_another_ticker_for_gme/) by u/JustWingIt0707, and [The Law of Unintended Consequences](https://www.reddit.com/r/Superstonk/comments/vbk3mh/the_law_of_unintended_consequences/?context=3) by ETF Tracker guy u/Turdfurg23. XRT is "normally" shorted 400% to over 1000%. We want anyone synthetically shorting GME via this and other ETFs to be in the spotlight. WE COMIN. + +# Polished Smoothbrain Version + +If that's enough for you and you're the type of ape that would prefer to just copy-paste a really good letter, you can do that with Dave Lauer's letter [here](https://docs.google.com/document/d/1XTRlWph6ZWWho8aocT-u3HwJERVjM3ZvTbCwuYGIfqk/edit). The SEC counts repeat letters received as "vote". Some apes did this with Trimbath's letter on Proposed Rule 10c-1 (Securities Lending Transparency). + +\- Scroll to the bottom of the file and add your name and/or position, or just type "A Concerned Investor" or something. + +\- Click File, Click Download, click Download as PDF. + +\- Email the PDF to [rule-comments@sec.gov](mailto:rule-comments@sec.gov), with **Re: Release No. 34–94313; File No. S7–08–22 Short Position and Short Activity Reporting by Institutional Investment Managers** as the subject line. + +\- You're done! Good job :) + +&#x200B; + +# Deep Wrinkles Version + +Writing your own letter carries more weight than copying someone else's. If for you it's either copy pasta or nothing, *definitely* copy pasta Dave's letter RIGHT NOW. If you want to modify the letter, write a letter of your own, or just learn a bit more, continue past this point. + +To write your own letter: I provide a [template](https://docs.google.com/document/d/1urCXLVGSOFbgaEiRjiYYYoMyS9hWPdggW8vBEDBXnSA/edit?usp=sharing). Open it up and as you go through this section, [my letter](https://docs.google.com/document/d/1ewmG-Kp8LSi3LU94Tzo0OCcqTom7fDp9EHKrNamHMhs/edit?usp=sharing), and [Dave's letter](https://docs.google.com/document/d/1XTRlWph6ZWWho8aocT-u3HwJERVjM3ZvTbCwuYGIfqk/edit?usp=sharing), copy and paste pieces that you like. Then, knit them together with your own words. **The better you get at writing comments, the more powerful apes become.** + +# Priority One: The SEC Does Not Get To Do The Bare Minimum + +So when I started getting into this rule, I decided to look at what Hester Peirce thinks because of the reliability of "Inverse Hester". While she has so far disagreed with everything that leans even slightly toward individual investors, we see this: + +[wait WHAT](https://preview.redd.it/asy787tdcyt91.png?width=927&format=png&auto=webp&s=b41eeedf1abfd9813897ed41e465b29d716ea5ef) + +Hester supports something? And the something she supports is also THE RULE governing short sellers and what they have to tell us about? That's a LFG if I've ever seen one. + +So LFG. + +# Hester Peirce Does Apes a Favor + +Wait, what? She did? Check this out: + +[https:\/\/www.sec.gov\/news\/statement\/peirce-statement-proposal-require-short-position-022522](https://preview.redd.it/63wwasfqcyt91.png?width=897&format=png&auto=webp&s=ba8d1d97fb78f514ef3f220c1942cfa8e3c67e16) + +We see a reference to Section 929X of the Dodd-Frank Act. OK, cool. Let's follow the trail. + +We go to the Act here: [https://www.govinfo.gov/content/pkg/PLAW-111publ203/pdf/PLAW-111publ203.pdf](https://www.govinfo.gov/content/pkg/PLAW-111publ203/pdf/PLAW-111publ203.pdf) + +Scroll down to 929X, and find out why Hester is OK with this rule: + +# The SEC Does the Bare Minimum + +[\\"We'd do even less but we aren't legally allowed to\\"](https://preview.redd.it/90lggwd1dyt91.png?width=870&format=png&auto=webp&s=221d41419643ace52bd430630470a06c3c48dcff) + +This tells me three things: + +\- We can't ask for anything other that aggregate reporting because that's the boundary of the law + +\- The law does not state how long the aggregation period must be (e.g. every 30 minutes?), EXCEPT: + +\- It states that AT A MINIMUM, public disclosure must happen every month. + +At a minimum. + +In the proposed rule and the fact sheet, we see: + +[\\"We'd do even less if we were legally allowed\\"](https://preview.redd.it/pi6sp1xmdyt91.png?width=948&format=png&auto=webp&s=42f3596d4c7afb75b91ee54ab0cfbf56a1b5b002) + +This is unacceptable. In fact, by delaying reporting 14 or more days after the end of each month, the SEC is skirting Dodd-Frank itself. Dave's letter goes into this topic and provides excellent backing for why there is no reason to avoid more frequent disclosure (i.e., Europe already did it to an extreme degree and none of the things hedgies clutch their pearls about ever happened). + +So in your letter, you'll want to reference Dave's bit about European evidence: + +*"We often lament the fact that regulators in other jurisdictions have done more, moved further, and advanced the cause of transparency far more significantly than we have in the US. As other commentators have noted,* ***the EU adopted a short sale reporting regime that essentially requires “immediate public disclosure of large short positions,” by individual issuers.*** *Despite this onerous disclosure regime that goes much further than the Proposal, we agree that* ***“a study of the impact of the EU’s regulation finds no evidence that the disclosure requirements have resulted in increased coordination or have resulted in short sellers being targeted for short squeezes.”*** *The concerns from the industry and from the short selling community are simply not valid."* + +I requested daily public disclosure. Given that the EU requires IMMEDIATE disclosure, and that the Dodd-Frank Act says aggregates only, you could also argue for 15-minute aggregation periods which the SEC already proposed in rule 10c-1. + +# Priority Two: Fuck Synthetic Shorting Via ETFs + +I've already linked the past DD on this vehicle. In short, operational shorting happens where there is high demand for an ETF but there are none available. So, the liquidity fairy steps in and just creates an ETF, and can opt to FTD those created shares moving into the future; this has all been covered in past DD. Operational shorting can be valuable in meeting market demand, but unfortunately it can be abused and also includes a profit incentive for the entity doing the operational shorting. + +# Synthetic Shorting Flirts With Financial Disaster + +Idiosyncratic risk, anyone? A very good paper on this issue is [Operational Shorting and Liquidity Provision](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4151052). In it, the authors note that operational shorting presents a serious risk to the entire financial system: + +&#x200B; + +https://preview.redd.it/erd80w7ikyt91.png?width=1072&format=png&auto=webp&s=8119c25ec0f13a9dda6132db24c640b4056a2e19 + +[oh shit](https://preview.redd.it/mpac1cejkyt91.png?width=1072&format=png&auto=webp&s=398cd85c4255a4915e0ad5b1b0a925db2ce5fb35) + +In your letter you will want to reference these risks. + +# Synthetic Shorting Is Used to Ignore the SEC + +This is a very common practice that is commonly used by hedge funds to ignore the SEC, which is covered well in the paper [Synthetic Shorting with ETFs](https://pdfs.semanticscholar.org/3e07/0b4b040eb8bea52f5cfacb0c90ff365d801f.pdf). As you read this, you'll be reminded of our favorite stock. + +Basically, a hedge fund can borrow an ETF, buy everything but GME, and then sell the ETF. This is the synthetic short that we want to detect. + +&#x200B; + +[hard to borrow, you say?](https://preview.redd.it/u88pqv9flyt91.png?width=823&format=png&auto=webp&s=54b65cec20fb0a0a98ebe55d34a19666af80e275) + +&#x200B; + +[low volume, you say?](https://preview.redd.it/nhk7n8ohlyt91.png?width=823&format=png&auto=webp&s=548771c2ccf4e57680d768315c75032d6ae9bc2f) + +I also note that synthetic shorting via ETFs tends to cluster around low-volume stocks (sound familiar?) which the SEC even warns people is a breeding ground for abuse. Here is what I wrote: + +&#x200B; + +[cannot be covered without the liquidity fairy, you say?](https://preview.redd.it/cyza7fe1oyt91.png?width=882&format=png&auto=webp&s=b87f9d86281c1e61770a5a7c1a66d9e1c5fcb129) + +With access to data on the short-selling of ETFs, we can gain insight into how the ETF liquidity fairy is being used to cover shorts. + +You may also wish to inform the SEC that ETF shorting creates phantom shares that [fucks up shareholder votes.](https://ecgi.global/sites/default/files/working_papers/documents/phantomfinal_0.pdf) + +# Writing Your Own Letter + +\- Template here [https://docs.google.com/document/d/1urCXLVGSOFbgaEiRjiYYYoMyS9hWPdggW8vBEDBXnSA/edit?usp=sharing](https://docs.google.com/document/d/1urCXLVGSOFbgaEiRjiYYYoMyS9hWPdggW8vBEDBXnSA/edit?usp=sharing) + +if you don't want to click that link, here is an image of the template: + +[pretty easy to copy](https://preview.redd.it/3tuvkqvsoyt91.png?width=830&format=png&auto=webp&s=e12bb8b05cebdf5fc913ef178f7a3163b6e54ec7) + +\- Write letter + +\- Be sure to communicate your concern with the SEC doing the bare minimum per Section 929X of the Dodd-Frank Act, note the EU data referenced by Lauer, and **request more frequent reporting (15 minutes, one day, whatever).** + +\- Be sure to communicate that ETFs are a common way to short and are a vector for abuse that the SEC has a responsibility to monitor. + +\- Download PDF. + +\- Email the PDF to [rule-comments@sec.gov](mailto:rule-comments@sec.gov), with **Re: Release No. 34–94313; File No. S7–08–22 Short Position and Short Activity Reporting by Institutional Investment Managers** as the subject line. + +\- You're done! Good job :) +(I recently posted this on another finance sub and folk found it helpful, sorry if you're seeing it again.) + +Summary: From a place of desperation my wife and I started to make slow changes to how we handled our food and drink intake. Over years small things have made a massive difference to our finances and we are now reaping the benefits. + +5 years ago now, we were spending in excess of £125 a week on our food shop, over £60 a week on take-aways. Not to mention the quick grab lunches at £5 a pop. Being from the west of Scotland, booze was a ritual: weekly nights out easily reaching £200; pre-drinks at home: £40. We were literally eating and drinking our money away. + +And our credit card bills seemed to be ever expanding just like our waistbands. + +Having not been taught about budgeting or about cooking, my wife and I would gorge; eyes often bigger than our bellies. Working stressful jobs and mixing it with an extended student lifestyle, convenience became our main gal and we paid for it in every sense. Surrounding ourselves with people of similar lifestyles, this was just 'the norm' and it never entered our minds to change it. To us, this was the money struggle everyone spoke about; we were renting, and even though earning okay wages we were completely unable to save. + +For the longest time, we threw money at every deal at the supermarket thinking we were saving, bought all the fresh food thinking we were being healthy, threw money at big named brands thinking we were paying for quality. We would come home with too much for 2 people to physically consume and at the end of the week large portions of our fridge contents were always thrown away - mainly, the fresh food. + +Then something came into my orbit and I got really into the show on BBC, 'Eat Well For Less.' I knew the show had a lot to teach me but the main thing at that time was cooking. So I started to make easy things quite successfully and tried a few supermarket branded items after seeing families enjoy it. This was the start of something. + +We tried different supermarkets from our usual Tesco, to test prices and test some supermarket branded food. We tried online shopping for a bit to control the urge to buy on impulse (recognising we both suffered with this ailment.) We did this regularly to try to help with diet too and it started working. + +We started meal planning and making lunches for work which saved on stress and money. At this stage £100 was a regular shop with the £60 take-aways and £240 booze bill still very much on the cards. + +For about a year we played with this and made small progress with money. We still had zero savings, credit cards were still being used and we were still living month to month but we started to feel like we were onto something. It was around this time that I unconsciously went vegetarian taking an out-and-out dislike to all meat and fish. + +This changed everything and we had to think outside the box in terms of all meals. Don't get me wrong, we struggled a bit and slipped back to buying too much with my wife still eating meat. It was a struggle at mealtimes to make and eat something together. My wife, the angel that she is, finally had had enough and threw in the towel: she'd decided to go vegetarian too. + +So we stopped having to buy meat and fish saving us £££s. Then eggs went, then cheese and before we knew it we were both vegan. + +We relied on convenience food, yes, but we were cooking more and more. Take-aways at that time offered very little vegan options so our food bills reduced. We were now on £70 a week with £10 for chips now and again plus the booze-fest weekly schedule costing £240+. Credit cards started being paid. + +A year later we decided we wanted to save a deposit for a house. This co-incided with living too close to family members who are functioning alcoholics. + +We talked a lot about drinking and were very honest with each other. Turns out we are happy all of the time - apart from when we drink. So, we went on a sober journey but hid it from everyone. Our friends and family could only deal with so many 'other' things at the time. We didn't want to be ousted. + +At the time you could only get a few non-alcoholic drinks, so we relied on tricks - drinking a coke with a slice of lime to make it look boozy while we were out, covering labels of beers in photos, making excuses about shots. We started secretly driving to pubs and clubs and not telling friends, so we saved on taxis. We could now go on a night out and spend as little as £20 between us. No munchies needed afterwards either. + +This was a game changer! + +We started to save and credit cards were finally gone. This took about a year and we eventually saved for a house. + +Taking a hard look at finances, we went further and started to budget to keep us in line with the progress we'd made. £200 a month seemed reasonable for food. + +We started making lists before going to the shops, checking cupboards and only buying what we knew we needed and would use that week. We still gave ourselves treats like crisps or chocolate now and again but our taste buds changed and we didn't need that hit as regularly. + +Now, after this loooong journey, we've converted to Aldi and moved even further away from any and all big name brands. We don't buy much convenience food at all now and have kept up with our low take-away spend. We spend about £30 on average a week and have a healthier diet because of it. + +We've unintentionally shed stones in this process. + +We've now started using apps like Shopmium and Green Jinn to get free things or discounts on stuff we were going to buy anyway. + +It's like we're different people now and looking back over the years it's strange to think of the things we did and the actions we didn't question at the time. There is no way we could have implemented all these changes at once, we would have failed miserably and probably still be stuck in that rut. Tiny changes really add up. + +Thanks for reading this v long post. I hope this is useful in some way for even just one person out there. + +TLDR: we were skint; watched Eat Well For Less; started cooking; stopped buying named brands; went vegan; stopped drinking; started budgeting and meal planning; now shop at Aldi; use coupons and discount codes; money gains. +[opacity.io](https://www.opacity.io/): As many have already discussed here this is one of the few projects with a working product that people can interact with as of now. It's a secure, decentralized, cloud data storage provider. This shouldn’t need too much explaining because it's already cheap as a standard storage option let alone a secure one. I’m not sure why this one isn’t trading harder and pumping as much as some other projects right now with much less to stand on. I see this one going big eventually, in the meantime I think it possibly just needs better marketing. + + +[bitsport.gg](https://bitsport.gg/): This one is in presale still and I love it. These guys have potentially broken the gambling model with their DeFI based staking matches. They aim to take the loser out of gambling that is already taking place in the eSports industry. If this model works its going to change how eSports are handled entirely, with no actual loser I can see these guys becoming a new way to provide liquidity to markets such as UNI by porting it through games on various consoles and android. The Q4 goal of AI oracle based arbitrage matches has me making this a long position. If there was a bot that could find flash arbitrage trades in a blockspace with a huge pool of capital built on a match, that would be tremendous. People could essentially bet without betting, at most losing their gas fee. This is going to take on traditional gambling and potentially make it obsolete with no hard loser. + + +[unistake.com](https://unistake.com/): This ones already kinda outta where I call gem territory. It will take a lot more capital to move the price on this one but I think it is pretty clear it is going to be a winner. Like what has been mentioned before here, this is what UNI should have looked like when it was made, or the iterations they should have made on top of the project. I don’t see anything bad that can really happen in this territory but apparently so has everyone else cause this project has mooned recently. +Not just as a real estate investment, but as something that might be a borderline… hobby? I’m constantly debating if I want to RE “chubby” or “fat” and a small inn or even mid-7 figure hotel is one of the investments I’d seriously consider if I went for fat. I love the idea of creating an environment for memorable experiences, especially for families - would not have to be high-end. I’m really curious if anyone else has done something similar (from an owner’s perspective - not a GM’s perspective) and if they would recommend. +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. +Had a telehealth visit back in the summer and waited for thirty minutes and the doctor did not show up. The doctor then calls me later that same day randomly for a call that lasted 2 minutes to tell me to continue my current medication + +I got billed for a 45 minute office visit. I have been fighting it for months now , going back and forth showing screenshots with time stamps of how she never showed up as I was waiting on the site for her to start the call, and a screenshot of the call record time stamp. They finally said they would adjust it. Just received the updated bill and its coded as a 99123, which is a 20-29 office visit and she said that they can’t do anything because that is the lowest code they bill. + +How do I fight this? I just don’t see how it is legal that I now owe them $100+ when the doctor didn’t show up to my scheduled appointment and then I get charged for a 20-29 office visit when she only called me unannounced for a 2 min conversation. They’re saying that even though she didn’t call me at the appointment time, the window holds for the whole day and she still offered me a service in that two minute call. + +Any tips on how to fight this? Would it be bad if I just not pay this and it goes to collections, could I try to negotiate with collections and lower it? +https://www.tradingview.com/symbols/spread/TVC%3AUS10Y-TVC%3AUS03MY/ + +This means we do not have a full signal of 10 days fully inverted, which is considered by most an indicator for an upcoming recession. We only had 5 days of inversion this time. + +Hence the bull party can go on... or what do you think? +&#x200B; + +I have today had a sudden life realization upon being unemployed and quarantined. **OBSESSING OVER MONEY WILL NOT MAKE YOU HAPPY!** + +I've been subscribed to this whole philosophy for as long as high school. During that time I would completely shut myself away from the outside world if it wasn't related to studies. Studying would be all I ever did with the exception of Saturday nights in hope of good grades so I could attend a more competitive career thus more money. It would be a constant chase for the unobtainable to one day finally be financially independent. And I would even live in ghetto apartments to early adulthood to save more money regardless of income. + +I applied the same mentality of discipline after HS and to the professional life as well. All I did on the weekends were waking up, go to work, go home, eat sleep then repeat. All I did on weekends were trying to spend as little money as possible and meal prepping for the upcoming week. I would just wait out the weekends and prepare for upcoming work. + +I lived like this for over 10 years until I got unemployed and was forced into lockdown. I get an orgasm every time I check my portfolio but get depressed once I glance at all the things I missed out in life. My work is such a big part of my identity that once I lost it I have nothing to live for besides my money regardless of what work opportunities I have. + +In the pursuit of FIRE I realized I have missed out so many opportunities to bond with potential friends and a future partner during the process of FIRE. Lonlines and depression is starting to creep in. + +I also realized in the pursuit of FIRE that I have missed out so many opportunities to broaden my life experiences. I can't partake in most small talk that's not work related. I feel obligated to lie about myself to not appear shallow. Whenever someone talks about their love lives, traveling, dining out or whatever it may be I just shy out of ignorance. + +If your life is not fulfilling at the present you will not feel any difference once you're FIRE. Live for the moment but also for the future. Focus and live for the present before focusing on the future. + +I'd rather sacrifice some part of my net worth upon my death bed in order to not die without friends and family and dying with life experiences. + +Anyone else thinking they should have lived life more? + +&#x200B; + +Repost since I didn't had enough karma to post last time. +**This post is not my work, I'm merely reposting it from another source which I will link at the bottom. This post deals with lottery winners, it is quite old(2008), so not all information may still be applicable. That being said, there's a lot of still good info in here I believe Apes should see! This is in no way financial advice.** + + +Congratulations!  You just won millions of dollars in the lottery!  That's great. + +Now you're fucked. + +No really. + +You are. + +You're fucked. + + +I've seen this question (what to do if you win the lottery), a few times on ARFCOM.  Amusingly, it recurs quite often.  I posted a similar article to this one "back when" but I've updated it with some actual stories and slapped it in GD because, well, why not? + +Keep in mind: IAALBNY (I Am A Lawyer, But Not Yours).  Consult professional advisers before spending your hard earned lottery cash. + +It's long.  There are no cliff notes.  But if you just want to skip the biographical tales of woe of some of the math-tax protagonists, skip on down to the next line in bold. + + +You see, it's something of an open secret that winners of obnoxiously large jackpots tend to end up badly with alarming regularity.  Not the $1 million dollar winners.  But anyone in the nine-figure range is at high risk.  Eight-figures?  Pretty likely to be screwed.  Seven-figures?  Yep.  Painful.  Perhaps this is a consequence of the sample.  The demographics of lottery players might be exactly the wrong people to win large sums of money.  Or perhaps money is the root of all evil.  Either way, you are going to have to be careful.  Don't believe me?  Consider this: + +Large jackpot winners face double digit multiples of probability versus the general population to be the victim of: + +Homicide (something like 20x more likely) +Drug overdose +Bankruptcy (how's that for irony?) +Kidnapping + +And triple digit multiples of probability versus the general population rate to be: + +Convicted of drunk driving +The victim of Homicide (at the hands of a family member) 120x more likely in this case, ain't love grand? +A defendant in a civil lawsuit +A defendant in felony criminal proceedings + + +Believe it or not, your biggest enemy if you suddenly become possessed of large sums of money is... you.  At least you will have the consolation of meeting your fate by your own hand.  But if you can't manage it on your own, don't worry.  There are any number of willing participants ready to help you start your vicious downward spiral for you. Mind you, many of these will be "friends," "friendly neighbors," or "family." Often, they won't even have evil intentions. But, as I'm sure you know, that makes little difference in the end. Most aren't evil.  Most aren't malicious.  Some are.  None are good for you. + + +Jack Whittaker, a Johnny Cash attired, West Virginia native, is the poster boy for the dangers of a lump sum award.  In 2002 Mr. Whittaker (55 years old at the time) won what was, also at the time, the largest single award jackpot in U.S. history.  $315 million.  At the time, he planned to live as if nothing had changed, or so he said.  He was remarkably modest and decent before the jackpot, and his ship sure came in, right?  Wrong. + +Mr. Whittaker became the subject of a number of personal challenges, escalating into personal tragedies, complicated by a number of legal troubles. + +Whittaker wasn't a typical lottery winner either.  His net worth at the time of his winnings was in excess of $15 million, owing to his ownership of a successful contracting firm in West Virginia.  His claim to want to live "as if nothing had changed" actually seemed plausible.  He should have been well equipped for wealth.  He was already quite wealthy, after all.  By all accounts he was somewhat modest, low profile, generous and good natured.  He should have coasted off into the sunset.  Yeah.  Not exactly. + +Whittaker took the all-cash option, $170 million, instead of the annuity option, and took possession of $114 million in cash after $56 million in taxes.  After that, things went south. + +Whittaker quickly became the subject of a number of financial stalkers, who would lurk at his regular breakfast hideout and accost him with suggestions for how to spend his money.  They were unemployed.  No, an interview tomorrow morning wasn't good enough.  They needed cash NOW.  Perhaps they had a sure-fire business plan.  Their daughter had cancer.  A niece needed dialysis.  Needless to say, Whittaker stopped going to his breakfast haunt.  Eventually, they began ringing his doorbell.  Sometimes in the early morning.  Before long he was paying off-duty deputies to protect his family.  He was accused of being heartless.  Cold.  Stingy. + +Letters poured in.  Children with cancer.  Diabetes.  MS.  You name it.  He hired three people to sort the mail.  A detective to filter out the false claims and the con men (and women) was retained. + +Brenda, the clerk who had sold Whittaker the ticket, was a victim of collateral damage.  Whittaker had written her a check for $44,000 and bought her house, but she was by no means a millionaire.  Rumors that the state routinely paid the clerk who had sold the ticket 10% of the jackpot winnings hounded her.  She was followed home from work.  Threatened.  Assaulted. + +Whittaker's car was twice broken into, by trusted acquaintances who watched him leave large amounts of cash in it.  $500,000 and $200,000 were stolen in two separate instances.  The thieves ~~attempted to~~ spiked Whittaker's drink with prescription drugs in the first instance.  ~~Whittaker was violently allergic to the drug used, and likely would have died given the distance to the nearest emergency room, and the lateness of the hour, but,~~ unfortunately ~~he did not~~ consumed the drink containing the narcotics.  The second incident was the handiwork of his granddaughter's friends, who had been probing the girl for details on Whittaker's cash for weeks. + +Even Whittaker's good-faith generosity was questioned.  When he offered $10,000 to improve the city's water park so that it was more handicap accessible, locals complained that he spent more money at the strip club.  (Amusingly this was true). + +Whittaker invested quite a bit in his own businesses, tripled the number of people his businesses employed (making him one of the larger employers in the area) and eventually had given away $14 million to charity through a foundation he set up for the purpose.  This is, of course, what you are "supposed" to do.  Set up a foundation.  Be careful about your charity giving.  It made no difference in the end. + +To top it all off, Whittaker had been accused of ruining a number of marriages.  His money made other men look inferior, they said, wherever he went in the small West Virginia town he called home.  Resentment grew quickly.  And festered.  Whittaker paid four settlements related to this sort of claim.  Yes, you read that right.  Four. + +His family and their immediate circle were quickly the victims of odds-defying numbers of overdoses, emergency room visits and even fatalities.  His granddaughter, the eighteen year old "Brandi" (who Whittaker had been giving a $2100.00 per week allowance) was found dead after having been missing for several weeks.  Her death was, apparently, from a drug overdose, but Whittaker suspected foul play.  Her body had been wrapped in a tarp and hidden behind a rusted-out van.  Her seventeen year old boyfriend had expired three months earlier in Whittaker's ~~vacation~~ house, also from an overdose.  Some of his friends had robbed the house after his overdose, stepping over his body to make their escape and then returning for more before stepping over his body again to leave. His parents sued for wrongful death claiming that Whittaker's loose purse strings contributed to their son's death.  Amazingly, juries are prone to award damages in cases such as these.  Whittaker settled.  Again. + +Even before the deaths, the local and state police had taken a special interest in Whittaker after his new-found fame.  He was arrested for minor and less minor offenses many times after his winnings, despite having had a nearly spotless record before the award.  Whittaker's high profile couldn't have helped him much in this regard. + +In 18 months Whittaker had been cited for over 250 violations ranging from broken tail lights on every one of his five new cars, to improper display of renewal stickers.  A lawsuit charging various police organizations with harassment went nowhere and Whittaker was hit with court costs instead. + +Whittaker's wife filed for divorce, and in the process froze a number of his assets and the accounts of his operating companies.  Caesars in Atlantic City sued him for $1.5 million to cover bounced checks, caused by the asset freeze. + +Today Whittaker is badly in debt, and bankruptcy looms large in his future. + +But, hey,  that's just one example, right? + +Wrong. + + +Nearly one third of multi-million dollar jackpot winners eventually declare bankruptcy.  Some end up worse.  To give you just a taste of the possibilities, consider the fates of: + +Billie Bob Harrell, Jr.: $31 million.  Texas, 1997.  As of 1999: Committed suicide in the wake of incessant requests for money from friends and family.  “Winning the lottery is the worst thing that ever happened to me.” + +William “Bud” Post: $16.2 million. Pennsylvania. 1988. In 1989: Brother hires a contract murderer to kill him and his sixth wife. Landlady sued for portion of the jackpot. Convicted of assault for firing a gun at a debt collector. Declared bankruptcy.  Dead in 2006. + +Evelyn Adams: $5.4 million (won TWICE 1985, 1986). As of 2001: Poor and living in a trailer gave away and gambled most of her fortune. + +Suzanne Mullins: $4.2 million. Virginia. 1993. As of 2004: No assets left. + +Shefik Tallmadge: $6.7 million. Arizona. 1988. As of 2005: Declared bankruptcy. + +Thomas Strong: $3 million. Texas. 1993. As of 2006: Died in a shoot-out with police. + +Victoria Zell: $11 million. 2001. Minnesota.  As of 2006: Broke.  Serving seven year sentence for vehicular manslaughter. + +Karen Cohen: $1 million. Illinois. 1984.  As of 2000: Filed for bankruptcy.  As of 2006: Sentenced to 22 months for lying to federal bankruptcy court. + +Jeffrey Dampier: $20 million. Illinois. 1996. As of 2006: Kidnapped and murdered by own sister-in-law. + +Ed Gildein: $8.8 million. Texas. 1993.  As of 2003:  Dead.  Wife saddled with his debts.  As of 2005: Wife sued by her own daughter who claimed that she was taking money from a trust fund and squandering cash in Las Vegas. + +Willie Hurt: $3.1 million. Michigan. 1989.  As of 1991: Addicted to cocaine.  Divorced.  Broke.  Indicted for murder. + +Michael Klingebiel: $2 million.  As of 1998 sued by own mother claiming he failed to share the jackpot with her. + +Janite Lee: $18 million. 1993. Missouri.  As of 2001: Filed for bankruptcy with $700 in assets. + +Mack Metcalf: $65 million. Kentucky. 2000.  As of 2001: Divorced.  As of 2002: Sued girlfriend for $500,000 claiming he was drunk when he gave it to her.  Sued by wife for child support.  As of 2003: Died of alcoholism.  As of a few months later in 2003: Second wife bought a mansion with the money, collected dozens of stray cats and died of a drug overdose immediately after moving in. + +I could go on quite a bit. + +&#x200B; + +**So, what the hell DO you do if you are unlucky enough to win the lottery?** + +This is the absolutely most important thing you can do right away:  NOTHING. + +Yes.  Nothing. + +DO NOT DECLARE YOURSELF THE WINNER yet. + +Do NOT tell anyone. The urge is going to be nearly irresistible. Resist it. Trust me. + + +1. IMMEDIATELY retain an attorney. Get a partner from a larger, NATIONAL firm. Don't let them pawn off junior partners or associates on you. They might try, all law firms might, but insist instead that your lead be a partner who has been with the firm for awhile. Do NOT use your local attorney. Yes, I mean your long-standing family attorney who did your mother's will. Do not use the guy who fought your dry-cleaner bill. Do not use the guy you have trusted your entire life because of his long and faithful service to your family. In fact, do not use any firm that has any connection to family or friends or community. TRUST me. This is bad. You want someone who has never heard of you, any of your friends, or any member of your family. Go the the closest big city and walk into one of the national firms asking for one of the "Trust and Estates" partners you have previously looked up on http://www.martindale.com from one of the largest 50 firms in the United States which has an office near you. You can look up attornies by practice area and firm on Martindale. The top 50 firms by size are: + +Baker & McKenzie +DLA Piper Rudnick Gray Cary +Jones Day +White & Case +Latham & Watkins +Skadden, Arps, Slate, Meagher & Flom +Sidley Austin Brown & Wood +Greenberg Traurig +Mayer Brown, Rowe & Maw +Morgan, Lewis & Bockius +Holland & Knight +Wilmer Cutler Pickering Hale and Dorr +Weil, Gotshal & Manges +Kirkland & Ellis +Morrison & Foerster +McDermott, Will & Emery +Shearman & Sterling +Hogan & Hartson +Kirkpatrick & Lockhart Nicholson Graham +Reed Smith +Oâ€📷Melveny & Myers +Akin Gump Strauss Hauer & Feld +Paul, Hastings, Janofsky & Walker +Foley & Lardner +Fulbright & Jaworski +Cleary Gottlieb Steen & Hamilton +Pillsbury Winthrop Shaw Pittman +Dechert +King & Spalding +Bingham McCutchen +Wilson, Elser Moskowitz, Edelman & Dicker +Winston & Strawn +Squire, Sanders & Dempsey +Hunton & Williams +Gibson, Dunn & Crutcher +Orrick, Herrington & Sutcliffe +Bryan Cave +Vinson & Elkins +Ropes & Gray +Proskauer Rose +Heller Ehrman +Alston & Bird +McGuireWoods +Simpson Thacher & Bartlett +Baker Botts +Sonnenschein Nath & Rosenthal +Debevoise & Plimpton +Nixon Peabody +Paul, Weiss, Rifkind, Wharton & Garrison +LeBoeuf, Lamb, Greene & MacRae + + +2. Decide to take the lump sum. Most lotteries pay a really pathetic rate for the annuity. It usually hovers around 4.5% annual return or less, depending. It doesn't take much to do better than this, and if you have the money already in cash, rather than leaving it in the hands of the state, you can pull from the capital whenever you like. If you take the annuity you won't have access to that cash.  That could be good.  It could be bad.  It's probably bad unless you have a very addictive personality.  If you need an allowance managed by the state, it is because you didn't listen to point #1 above. + +Why not let the state just handle it for you and give you your allowance? + +Many state lotteries pay you your "allowence" (the annuity option) by buying U.S. treasury instruments and running the interest payments through their bureaucracy before sending it to you along with a hunk of the principal every month.  You will not be beating inflation by much, if at all. There is no reason you couldn't do this yourself, if a low single-digit return is acceptable to you. + +You aren't going to get even remotely the amount of the actual jackpot.  Take our old friend Mr. Whittaker.  Using Whittaker is a good model both because of the reminder of his ignominious decline, and the fact that his winning ticket was one of the larger ones on record.  If his situation looks less than stellar to you, you might have a better perspective on how "large" your winnings aren't.  Whittaker's "jackpot" was $315 million.  He selected the lump-sum cash up-front option, which knocked off $145 million (or 46% of the total) leaving him with $170 million.  That was then subject to withholding for taxes of $56 million (33%) leaving him with $114 million. + +In general, you should expect to get about half of the original jackpot if you elect a lump sum (maybe better, it depends). After that, you should expect to lose around 33% of your already pruned figure to state and federal taxes.  (Your mileage may vary, particularly if you live in a state with aggressive taxation schemes). + + +3. Decide right now, how much you plan to give to family and friends. This really shouldn't be more than 20% or so. Figure it out right now. Pick your number. Tell your lawyer. That's it. Don't change it. 20% of $114 million is $22.8 million. That leaves you with $91.2 million.  DO NOT CONSULT WITH FAMILY when deciding how much to give to family.  You are going to get advice that is badly tainted by conflict of interest, and if other family members find out that Aunt Flo was consulted and they weren't you will never hear the end of it. Neither will Aunt Flo.  This might later form the basis for an allegation that Aunt Flo unduly influenced you and a lawsuit might magically appear on this basis.  No, I'm not kidding.  I know of one circumstance (related to a business windfall, not a lottery) where the plaintiffs WON this case. + +Do NOT give anyone cash. Ever. Period. Just don't. Do not buy them houses. Do not buy them cars. Tell your attorney that you want to provide for your family, and that you want to set up a series of trusts for them that will total 20% of your after tax winnings. Tell him you want the trust empowered to fund higher education, some help (not a total) purchase of their first home, some provision for weddings and the like, whatever. Do NOT put yourself in the position of handing out cash. Once you do, if you stop, you will be accused of being a heartless bastard (or bitch). Trust me. It won't go well. + +It will be easy to lose perspective.  It is now the duty of your friends, family, relatives, hangers-on and their inner circle to skew your perspective, and they take this job quite seriously. Setting up a trust, a managed fund for your family that is in the double digit millions is AMAZINGLY generous. You need never have trouble sleeping because you didn't lend Uncle Jerry $20,000 in small denomination unmarked bills to start his chain of deep-fried peanut butter pancake restaurants. ("Deep'n 'nutter Restaurants") Your attorney will have a number of good ideas how to parse this wealth out without turning your siblings/spouse/children/grandchildren/cousins/waitresses into the latest Paris Hilton. + + +4. You will be encouraged to hire an investment manager. Considerable pressure will be applied.  Don't. + +Investment managers charge fees, usually a percentage of assets. Consider this: If they charge 1% (which is low, I doubt you could find this deal, actually) they have to beat the market by 1% every year just to break even with a general market index fund. It is not worth it, and you don't need the extra return or the extra risk. Go for the index fund instead if you must invest in stocks. This is a hard rule to follow.  They will come recommended by friends.  They will come recommended by family.  They will be your second cousin on your mother's side.  Investment managers will sound smart. They will have lots of cool acronyms. They will have nice PowerPoint presentations. They might (MIGHT) pay for your shrimp cocktail lunch at TGI Friday's while reminding you how poor their side of the family is.  They live for this stuff. + +You should smile, thank them for their time, and then tell them you will get back to them next week. Don't sign ANYTHING. Don't write it on a cocktail napkin (lottery lawsuit cases have been won and lost over drunkenly scrawled cocktail napkin addition and subtraction figures with lots of zeros on them).  Never call them back. Trust me. You will thank me later.  This tactic, smiling, thanking people for their time, and promising to get back to people, is going to have to become familiar.  You will have to learn to say no gently, without saying the word "no."  It sounds underhanded.  Sneaky.  It is.  And its part of your new survival strategy.  I mean the word "survival" quite literally. + +Get all this figured out BEFORE you claim your winnings. They aren't going anywhere. Just relax. + + +5. If you elect to be more global about your paranoia, use between 20.00% and 33.00% of what you have not decided to commit to a family fund IMMEDIATELY to purchase a combination of longer term U.S. treasuries (5 or 10 year are a good idea) and perhaps even another G7 treasury instrument. This is your safety net. You will be protected... from yourself. + +You are going to be really tempted to starting being a big investor. You are going to be convinced that you can double your money in Vegas with your awesome Roulette system/by funding your friend's amazing idea to sell Lemming dung/buying land for oil drilling/by shorting the North Pole Ice market (global warming, you know). This all sounds tempting because "Even if I lose it all I still have $XX million left!  Anyone could live on that comfortably for the rest of their life."  Yeah, except for 33% of everyone who won the lottery. + +You're not going to double your money, so cool it. Let me say that again. You're not going to double your money, so cool it.  Right now, you'll get around 3.5% on the 10 year U.S. treasury. With $18.2 million (20% of $91.2 mil after your absurdly generous family gift) invested in those you will pull down $638,400 per year. If everything else blows up, you still have that, and you will be in the top 1% of income in the United States. So how about you not fuck with it. Eh? And that's income that is damn safe. If we get to the point where the United States defaults on those instruments, we are in far worse shape than worrying about money. + +If you are really paranoid, you might consider picking another G7 or otherwise mainstream country other than the U.S. according to where you want to live if the United States dissolves into anarchy or Britney Spears is elected to the United States Senate. Put some fraction in something like Swiss Government Bonds at 3%. If the Swiss stop paying on their government debt, well, then you know money really means nothing anywhere on the globe anymore.  I'd study small field sustainable agriculture if you think this is a possibility.  You might have to start feeding yourself. + + +6. That leaves, say, 80% of $91.2 million or $72.9 million. Here is where things start to get less clear. Personally, I think you should dump half of this, or $36.4 million, into a boring S&P 500 index fund. Find something with low fees. You are going to be constantly tempted to retain "sophisticated" advisers who charge "nominal fees." Don't. Period. Even if you lose every other dime, you have $638,400 per year you didn't have before that will keep coming in until the United States falls into chaos. Fuck advisers and their fees. Instead, drop your $36.4 million in the market in a low fee vehicle. Unless we have an unprecedented downturn the likes of which the United States has never seen, should return around 7.00% or so over the next 10 years. You should expect to touch not even a dime of this money for 10 or 15 or even 20 years. In 20 years $36.4 million could easily become $115 million. + + +7. So you have put a safety net in place. You have provided for your family beyond your wildest dreams. And you still have $36.4 million in "cash." You know you will be getting $638,400 per year unless the capital building is burning, you don't ever need to give anyone you care about cash, since they are provided for generously and responsibly (and can't blow it in Vegas) and you have a HUGE nest egg that is growing at market rates. (Given the recent dip, you'll be buying in at great prices for the market). What now? Whatever you want. Go ahead and burn through $36.4 million in hookers and blow if you want. You've got more security than 99% of the country. A lot of it is in trusts so even if you are sued your family will live well, and progress across generations. If your lawyer is worth his salt (I bet he is) then you will be insulated from most lawsuits anyhow. Buy a nice house or two, make sure they aren't stupid investments though. Go ahead and be an angel investor and fund some startups, but REFUSE to do it for anyone you know. (Friends and money, oil and water - Michael Corleone) Play. Have fun. You earned it by putting together the shoe sizes of your whole family on one ticket and winning the jackpot. + + +You 'da Man (Woman). + + +[https://www.ar15.com/forums/general/-/5-749519/?page=1](https://www.ar15.com/forums/general/-/5-749519/?page=1) +I’m 25 and for the first time in my life i have a decent job and I’m on my way to zero debt in a few months. I don’t have a lot of money saved up but I’m thinking about trying to purchase a house for me and my cat. + +Has anyone done what the social media gurus preach everyday and bought a property with next to no money? +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! +54% Americans have money invested in the market vs 65% before the Great Recession. 89% of those who make $100K/year own stocks. Richest 20% of Americans owned 92% of all stocks in 2013. + +This article concludes that the persistent risk aversion and skepticism generated by the Great Recession has dampened the type of euphoria preceding prior bubbles in the market. The article insinuates that because of these skeptics, this is a different market today with less risk of a calamitous bursting of a bubble. Agree or disagree? + +http://money.cnn.com/2017/08/08/investing/stock-ownership-dow-record-trump/index.html +Im a 22 year old guy I live with my single mum. I find a job but every time the starting day comes i turn into an anxious wreck. I had worked with family doing air conditioning installs in sydney and KFC up until 2017 when i had a brain aneurysm burst. My HSC studies went out the window and so did my chances of driving and such. I feel like im letting my mother and family down by not making enough money. I am on the DSP at 500 dollars weekly. Should i speak to a psychologist? Im not sure what to do? Im young and everyone wants me to work plus i feel like i owe it to them for helping me. I dont really know what to do. + +An update 20/9/22: I have a list of things to discuss with my gp and an appointment is booked for tomorrow, i spoke to my mother and am having a discussion with my sister over dinner tonight about anxiety. I will continue to update you all next week! Thanks so much everyone. +I was reading through a recent thread regarding how much of one's yearly salary people had spent on car purchases and one consistent theme came up in the comments regarding just buying a cheap old Corolla and saving your money by not buying new. + +You all know the drill, if you've been around here for a while you see the debate around cars and finance, buying outright or leasing. + +Now I wanted to mention safety when it comes to cars. + +Go ahead and watch this for 3 minutes. + +https://youtu.be/xidhx_f-ouU + +I'm not saying don't buy a cheap reliable 98 Corolla and I'm not saying buy brand new but if you watched that video you decide what price you put on safety. + +I can tell you personally from my work in emergency services that the person in the 15 Corolla probably walked away with a headache whereas the person in the 98 Corolla is in hospital with a broken bone or two or that hit could very well be fatal for the person in that vehicle. + +Safety in vehicles has come a long long way since late 90s early 00s + +Not telling you what to do, just consider safety with your car purchases. My recommendation is to only buy a car with a 5 star ANCAP safety rating. + +I hope you find this helpful. +>Former US presidential candidate – Hillary Clinton – criticized those cryptocurrency trading venues that refused to stop servicing Russian-based users. She once again opined that digital assets should be put under a regulatory framework. + +>Amidst the Russian invasion in Ukraine, Mykhailo Fedorov – the latter’s Vice Prime Minister – asked the leading digital asset platforms to freeze all Russian users’ blockchain addresses. According to the politician, the move would weaken Russia and aid Ukraine’s defense. + +>In a recent interview for MSNBC, the former first lady Hillary Clinton said she is “disappointed” that some cryptocurrency exchanges still provide services to such users: + +Why do these people talk about thinga they have not a single inkling about? And clearly any sort of decentralization is poisoni their eyes + +https://cryptopotato.com/hillary-clinton-is-disappointed-that-some-crypto-exchanges-refused-to-stop-servicing-russians/ +To any newcomers, there is an insane level of scam posts here. As I scroll through recent feed it seems like 90% are scams. If you can’t discern the scam posts I suggest you disregard everything you see in this sub. People here orchestrate false perceptions for their shitcoins. + +I love the idea of this sub, but of course, humans. This is why we can’t have nice things. Always people ready to take advantage of something, exploit something, abuse something. Indifferent to the fact they’re attempting to coerce people out of their money. + +Again, if you cannot see what is a scam and what isn’t in this sub, leave this sub. You don’t need these con artists dangling shit in front of you. + +Wish we could have some posts that refer to something legitimately worth looking into. +I wrote [this](https://www.reddit.com/r/CryptoCurrency/comments/mmltsq/why_do_we_have_coins_and_tokens_a_quick_primer/) article yesterday, to explain how a coin comes into play on the blockchain. I later realized that a lot of people may not know the differences between a “coin” and a “token”, so I’m going to explain that here! + +Let’s start off with what a blockchain even is! A blockchain is just software that is open source and distributed across many computers. These computers that run the blockchain software are considered “nodes”, and they keep track of the blockchain ledger, and any coins, tokens, and transactions associated with it. + +The “coins” on the blockchain are just data (ones and zeroes) that is already written into the software. Using Bitcoin as an example, all 21 million Bitcoins are already in the Bitcoin software, and ownership of these coins is designated through the use of public and private keys, which gives the owners access to their Bitcoin on the blockchain. Also, with each new transaction block that is mined, new Bitcoins are awarded to the miners that processed these blocks. I touched on this whole process in my [previous](https://www.reddit.com/r/CryptoCurrency/comments/mmltsq/why_do_we_have_coins_and_tokens_a_quick_primer/) post. + +In other words, “coins” on a blockchain are just part of the software itself, and are there from it’s inception. + +Tokens work a bit differently, in that they’re smart contracts that are deployed onto a blockchain, and are not innate to the blockchain software itself. Using Ethereum as an example, a token (such as an ERC-20 token), is something that a user creates, and deploys onto the blockchain software via smart contracts. When a token is added to the blockchain, the creator of the token is able to write the rules for how a token will work i.e. the max supply, tokenomics, burn rate, functions, etc. All of this is handled in the smart contract portion of it’s creation. Tokens do not have their own blockchain, so they have to abide by the rules of the governing blockchain i.e. Ethereum. + +Hopefully this helps to explain the differences between a “coin” and a “token”! +So, I have been noticing for quite sometime now that Franklin Templeton is by far one of the most recommended AMCs on various investment focused websites like freefincal, advisorkhoj etc. However, the performance of Franklin Templeton relative to its peers hasn't be so great over the past few years. The Franklin India Prima Fund and Franklin India Smaller Companies Fund have under performed their peers by a decent margin. + +So my doubt is, despite FT's performance not being top notch per se, why do so many people recommend the AMC and its various schemes? Is it something to do with their methodology or what is it? +[Source](https://timesofindia.com/business/india-business/capital-gains-dont-accrue-from-any-effort-finance-secretary-hasmukh-adhia-says/amp_articleshow/62762831.cms) +I have 2 GME $50 call options with 7/16 exp. I paid $15.60 and they are now $152.75. +So in total I paid $3120 and now they are worth $30,550. +There is a lot of speculation that GME will go crazy high (like $1000+). Of course that very well may not happen, however if it did get up to say $1000, would it be better to exercise the contracts because they would be so far in the money at that point? Or would it be better to just hold the contracts and try to sell them? Thank you + +*Edit: I have more 15 more contracts that are making me bank, planning on selling half probably today : [GME options ](https://imgur.com/gallery/rSGtI0s) +according to [computershared.net](https://computershared.net), there are 135,286,792 remaining shares + +according to [fintel.io](https://fintel.io), there are 59,908,446 shares short + +Let's say, there are only 100 shares of x company and I sell 20 shares short. + +Let's say 81 out 100 shares are now DRS'ed, I need 20 shares to close but there are only 19 shares remaining. You know what happens now :) + +Let's calculate the same for GME, 135,286,792 - 59,908,446 is 75,378,346 if we exclude DRS'ed shares, thats 4,918,344 remaining(\~ 4.9 million). what happens when 5 million more shares are DRS'ed, number of shares short will be greater than the number of shares available, making it very difficult to borrow new shares or close existing ones hehe + +Not a Financial advice +Apple ([AAPL](https://finance.yahoo.com/quote/AAPL?p=AAPL&.tsrc=fin-srch)) reported its Q3 2020 earnings on Thursday, providing investors and analysts with a more fuller look at how deeply the coronavirus pandemic has impacted the company’s sales over the past several months. + +These are the most important numbers from the report compared to analysts’ expectations as compiled by Bloomberg. + +* **Revenue:** $59.69 billion versus $52.3 billion expected +* **Earnings per share:** $2.58 versus $2.07 expected +* **iPhone revenue:** $26.42 billion versus $30.9 billion expected. +* **Services revenue:** $13.2 billion versus $13.1 billion expected +* **Accessories:** $6.5 billion versus $6.1 billion expected + +Apple’s earnings come just a day after CEO Tim Cook sat before the House Judiciary Committee’s Subcommittee on Antitrust, Commercial, and Administrative Law to answer accusations that the company abuses its market power to [stifle competition in the Apple App Store](https://finance.yahoo.com/news/apple-ceo-tim-cook-hit-with-questions-on-app-store-dominance-during-antitrust-hearing-224150894.html). + +The company’s Q3 report, however, hasn’t been much of a focus for analysts, as much of the conversation about Apple has revolved around the tech giant’s upcoming launch of its iPhone 12. The next-generation iPhone is expected to be Apple’s first 5G-capable device and could lead to a so-called “super cycle,” during which the company would see a larger than normal uptick in iPhone sales. + +The idea is that consumers who have held on to their devices for several years will jump at the chance to get a new iPhone with a new form of cellular connectivity that promises dramatically increased data. + +But with consumer personal consumption spending in Q2 [falling a whopping 34.6%](https://finance.yahoo.com/news/q2-gdp-us-economy-coronavirus-pandemic-consumer-171558880.html) due to COVID-19 shutdowns, and more than [50 million Americans out of the workforce](https://finance.yahoo.com/news/jobless-claims-week-ending-july-25-123150219.html), investor hopes of a massive uptick in year-over-year iPhone sales in the coming quarters may not be in the cards. + +&#x200B; + +[https://finance.yahoo.com/news/apple-q3-earnings-2020-203224360.html](https://finance.yahoo.com/news/apple-q3-earnings-2020-203224360.html) +Hey guys I’m currently in the Saint Louis market and am trying to buy my first multi family home. I’m pre-approved for up to $300k and have 20ishk in the bank. I’m trying to buy with 3.5% down on an FHA loan. But the issue is I just can’t beat these investment company’s paying cash for these houses. The last house I got out bid on was today, I offer 25k over asking price and got beat by an offer 60k higher than mine. Should I just invest in something else till the market cools? Should I keep trying? Any unconventional tactics anyone uses to help? Any advice would be appreciated. + +EDIT: found a duplex paid 12k under asking. Patience is key. +Long story short I have horrible neighbors. They’re functional meth heads. They have many dogs that they do not control. These dogs constantly get out and terrorize the neighborhood. They fed my kitten to these dogs, these dogs have attacked other peoples pets (on their own property), chased people around the block. My neighbors sic their dogs on my toddler son (I stopped them before the attack thank god). I bought this house as a rental property and after fixing it up I rented it out. Things finally escalated when the dogs broke through a wooden fence in my yard chased and attacked my tenant and his dog as they walked down the street. + +I have constantly called animal control and animal control constantly takes their dogs. Neighbor has been arrested for dogs running at large (among other drug related charges). The problem is that in my state per ownership cannot be banned. So even tho animal control removes the neighbor’s dogs, she just goes and gets more. Since I don’t live there, I’m not sure what my options are. Tenants don’t wanna sign a warrant + +So basically I feel as tho I’m out of options. Nobody is going to want to rent a house with extremely aggressive dogs next door. They will never stop owning dogs. Unfortunately property taxes are so low ($300 a year) that she’s never in risk of losing the house. At this point, what would you all do? Sell? + +I should add that this house generates $600 monthly cash flow after mortgage, pita etc. Then I save the rest for taxes and capex. 2.75% rate. It’s hard to let this go +Facts: GameStop Twitter account just gone black and Facebook is dead gray. +They want to told us that GameStop (old one) is dead and we are hours before reveal of new GameStop branding or even new name. + +I don't know if any ape figured this out but I'm putting all my money on it. New king is coming! + +Edit: To clarify why I said tomorrow. +As and marketing guy I know that disabling official Twitter acc for longer than day may cause investors to panic so my bet is tomorrow. +Since we live in Texas, I believe that these should still be intact and unsold. I confirmed that these existed on the missing money site suggested through the government and am waiting for a response from the state of Texas. My mom lives in my grandmothers (now my mom's) house which is the address the unclaimed property is listed under. I'm wondering how much these shares are valued at now? This could really help my mom who is struggling to pay off a lot of debt accrued in the last 10 years. Any additional steps I should take? + +EDIT: Much larger response on this than I ever could have expected. Hopefully this brings about some awareness to others and many are successful in claiming their own small or large sum of unclaimed funds that are out there. I'll update as I go through the process but am hoping for the best (full value of shares) expecting the worst (smaller value of shares if sold prior to my claim). Cheers to anyone finding money for themselves or their loved ones. Who knew my grandmother could pick stocks eh? +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! + +Record debt - no more QE but instead QT - rising rates - record inflation numbers - an inverted yield curve. Economic indicators are as bad as 2007 and by now it seems to be concensus that there will be a Recession/Depression in 2023. + +Can this somehow be avoided? Is there a way to repair World Economy - or are things indeed as grim as they seem? +Occasionally I hear of mobile home flipping as being a great cash flow source or serious profits. Sure, it doesn’t seem glamorous but also seems like a lot of work. Does anyone have experience or advice on how this has worked for you or a good source for info on this topic? + +Thanks! +**Tuesday** + +\- RBA monthly meeting, speech by governor Philip Lowe and his opinion on the economy + +\- ABS releases weekly payroll jobs and wages data for the week ending May 30 according to single touch payroll data (counts the number of jobs, not the number of people employed ie. people with 2 jobs) + +\- ABS releases residential property price indexes for Australia's eight capital cities, based on March quarter data + +**Thursday** + +**-** May labour force figures ie. unemployment figures. Expected to show a further deterioration in the labour market, with unemployment expected to reach at least 7.5% due to more people seeking work in the reopening economy + +&#x200B; + +Big impacts for the economy, indicative of the size and strength of the recovery, and forming a more representative picture of the impact COVID has had on the economy to date. + +What is everyone's outlook for the figures this week, and the broader implications? + +EDIT: the minutes for the RBA meeting earlier this month are being released Tuesday. The meeting has already occurred +Made my Son an authorized user on 2 of our credit cards and he now has a solid credit score (+800). Unfortunately, mounting medical bills from a chronic illness might send us into bankruptcy within the next year. I would feel horrible if my health issues cause his credit score to plummet. How do I separate my Son's credit from ours and prevent me and my spouse's bankruptcy or credit problems from affecting him? He is 20 years old. + +EDIT: Solved. He will apply for his own credit card & we will remove him as an authorized user on our cards. Thank you everyone for your help! +**Childhood** + +My little brother (14) and I (22) grew up in a severely impoverished home with an absentee father and a mother addicted to methamphetamine. Among other things, the combination of evictions, soda-only diet, and no running water were catastrophic for our dental health. + +While we did not have regular cleanings, our mother would take us to the dentist when the pain in our teeth grew excruciating. At this point, the teeth in question would be abscessed and require root canals and crowns to save them. I am not sure about other states, but in Arkansas medicaid compensates very little and therefore only the worst dentist in town would accept it. I remember several encounters where I was inadequately numbed; the dentists would hear me scream from pain and tell me to shutup. + +None of the teeth that really required crowns were crowned; instead they were given massive amalgam fillings. When I graduated from highschool, every molar was more silver than white; and my front teeth were all root canaled and bonded. + +**After College** + +After graduating with a BS in Computer Science from the University of Arknasas, I found a job as a Software Developer ($40,000) . I saved up $10,000 as an emergency fund, payed down $7,000 of my $20,000 in student loans, and got my mouth in a stable position. After a year, I left for another position that paid more ($65,000). After three months of consistent 10 hour days there, I quit and relocated to New York City for a startup job ($120,000). Even with the relocation bonus, the combination of first month's rent ($2,600), broker's fee ($2,600), and security deposit ($2,600) blew out my savings. After seven months I have brought it back up to $6,000 and was going to concentrate on paying down my remaining loans after getting that back up to $10,000. + +**Inheriting Custody of Little Brother** + +My life was going smoothly when I received a call that my mother had been forcibly confined to rehab by the court. I had to scramble to fly my brother out and get temporary guardianship before he was sent to foster care. When he greeted me at the airport, my heart fell. The condition of his teeth was evident when he spoke. My brother's teeth were far worse than mine had been: top front teeth heavily chipped and rotted, and bottom front teeth ground-down stubs. I have him brushing and flossing every day, but he needed to see a dentist. + +**Taking Brother to the Dentist** + +I took him to the dentist for his first cleaning/checkup in years. Watching him flinch and wince from a routine cleaning was so pitiful it broke my heart. After the checkup, the dentist took me aside and confirmed what I already knew. His eight front teeth were all abscessed. They all need root canals ($1,200 each) and crowns ($800 each). Moreover, there was so little remaining tooth structure that they need posts screwed in to support the crowns ($500 each). $20,000 worth of work. I have him on my work dental plan, but it maxes out at $1,000. + +**Treatment Options** + +I immediately did something that I had never done before -- reached out to our remaining family for money. No luck. His medicaid and ArKids 1st insurance have a six-month waiting list for approval and only a few dentist accept it (all with horrible reviews). I considered dental tourism, but $6,000 will not cover two round-trip flights, hotels, and work. + +**Is my only option to take on $20,000 in additional debt?** + +**TL;DR:** My mother was incarcerated and I've gained custody of a 14-year-old who needs $20,000 of dental work. + +**Update:** +Here are his dental X-Rays that were taken six days ago: http://imgur.com/AdbeiIi +*[[ The DOJ and DHS were deceptive, misleading and irrelevant in their testimony on bitcoin. The explanation here: https://www.reddit.com/r/Bitcoin/comments/7gbj9z/the_department_of_justice_testimony_in_congress/ 11/29/2017 - 2:38 am ]]* + +The US Senate Judiciary just sneaked a full panel hearing on criminalizing Bitcoiners. + +How do I know that ? +Because the hearing was just scheduled +https://www.judiciary.senate.gov/meetings/s1241-modernizing-aml-laws-to-combat-money-laundering-and-terrorist-financing + +The fact that the meeting is not on the Senate page show how sneaky they are .... **WE ARE NOT CROOKS** + +**Call** your senator: http://AbolishTheBitlicense.com/advocacy.php (if you don't live in those states, pick a Senator randomly and call their office.) + +**Watch** the hearing live: https://www.judiciary.senate.gov/meetings/s1241-modernizing-aml-laws-to-combat-money-laundering-and-terrorist-financing + +Tweet to the **"@senjudiciary that #Bitcoiners are not #Crooks Remove #DigitalCurrencies from Section 13 of S1241"** + +Theo Chino +https://Article78AgainstNYDFS.com + +https://www.meetup.com/Article-78-Against-NYDFS/events/245448836/ +Hi all, can anyone recommend me a bank account where my physical presence is not required (withdraw money, deposit money, KYC, pretty much like home banking). + +I am not a senior citizen but I have a medical condition that it is very tough for me to go out. (I prefer not to share). + +Can anyone suggest me a bank account for it? + +Bonus if it has good health benefits. +I’ve been driving around Sydney today and the amount of properties that are suddenly on the market is crazy. + +Edit: more precisely around the eastern suburbs of Sydney +Basically 2020 fucked his credit into the low 400s whereas he was once sitting at high 600s. Now he’s asking me to put him on as an authorized user, but to keep or destroy the card they issue. Will this hurt me in any way. I’m always willing to help a friend, but not if it will affect my finances. +Hi folks, + +We have some close friends that love to ski and we have considered potentially splitting a vacation home in Tahoe (Bay Area folks) in order to defray expenses and get more use out of it. Has anyone done this successfully? Any best practices? We've known each other for 20 years, have worked on organizations together. I trust them. But would like to hear about times it worked well, or about the friction points that led to disasters. Thanks! +I'm looking through the cash flow statement, balance sheets, and income statement but I can't find the exact values listed in multiple news articles that Amazon was refunded and paid no tax. When I look at their income statement for 2018 I see that they paid $1,354 million in taxes. + +I did a CTRL + G search on the 10k for 1354, 129 (refund), and 1483 but got no results on the 10K. Matter of fact, I can't find the 1354 income tax from TD Ameritrade on the Amazon 10K at all. +The elites have a mental condition that they think they are better than the plebs. In case of GME they really thought individual investors wouldn’t be able to comprehend the complex financial frauds they commit and bankrupt companies in vulnerable positions with the help of their corporate and media plants. They are pissed because apes figured out the rigged game they have been playing and winning for decades. The economic elites think that their sophisticated ways of rigging the market with banks and central banks is too complex for lowly peasants to understand. Their ego cannot let them believe they are not only wrong on the bear thesis of GME, retail actually figured out the convoluted ways in which they commit market fraud and price manipulation and is fighting back effectively with DRS. They have a need to be right like a narcissist. Their ego has been shattered. This is history in making. +The elites have a mental condition that they think they are better than the plebs. In case of GME they really thought individual investors wouldn’t be able to comprehend the complex financial frauds they commit and bankrupt companies in vulnerable positions with the help of their corporate and media plants. They are pissed because apes figured out the rigged game they have been playing and winning for decades. The economic elites think that their sophisticated ways of rigging the market with banks and central banks is too complex for lowly peasants to understand. Their ego cannot let them believe they are not only wrong on the bear thesis of GME, retail actually figured out the convoluted ways in which they commit market fraud and price manipulation and is fighting back effectively with DRS. They have a need to be right like a narcissist. Their ego has been shattered. This is history in making. +Going over the paperwork for my first mortgage, I’m not great with maths so I’m hoping someone can explain this stuff to me. + +My rate is 3.6% - what exactly does that mean? + +For example, I’m looking at the repayments break down for my first payment + +Amount paid : 960. +Interest charged to date : 686. +Principle repaid : 273. + +So, I’m paying £686 every month, in interest? As in, when I give them £960, only £273 goes towards paying off the house? + +How does that work with 3.6% I feel really dumb but isn’t like 75% of my monthly repayments going towards interest? + +I’m so lost here. When I see this written out, it feels like a bad PPI scam or something. + +My final question, if that is right. What can I do to better that? Should I overpay as much as I can? I thought 3.6% was a decent rate at the moment. What happens when things get bad and it’s 10%? +Just wondering if anyone has advice on opening a chicken shop. Worked in hospitality for ten years and looking for a side business to my normal 9-5. Trying to get a rough idea of running costs, overheads etc. any advice would be appreciated +How do you have balance in life, not quite one of the topics often spoke about here, but to achieve great things, it takes great effort (windfalls not included). + +Yes I know work smart not hard, but still, it takes effort to be smart, and that effort usually takes time. For example. I lack balance, working towards my goals consumes me. I struggle to enjoy a 'night out', or 'weekend out' as it leads to me being behind schedule, or realizing "Wow I do not want this life, people sit around talk, drink beer, go to sleep, wake up for the man, don't have control over their lives. Why am I going out, when I could be working hard now, so I can relax later.". + +I am well off I have to say, but it doesn't feel like it. I have done well for myself $3m+, but I am 30, and I want more. the $3m is nice cuz liquid, but its not an entity which is generating income in my sleep (investments don't count in this context). Its not something that has a work-force behind it, has equity which can be sold for more, something where I can look at the revenue of the company vs my overhead and say "I earned $XX,XXX today or this week from my company. Its really bottom tier as far as fatfire goes. Sure I'm being harsh, but I have lofty goals and know what I want and desire. + +I want a: + +* nanny for when I have a kid +* No questions about private school +* Freedom to relax and knowing that my future kids are taken care og +* Ability to buy the apartment I want, the car I want, the food I want +* etc + +Money = freedom, or opportunity for freedom. I'm not afraid to grind and work for it, however it consumes me. My finance is getting sick of it to be transparent. But for me, I'm not happy otherwise. I can't relax knowing that if we have a kid in the next few years, I wont have those things. Sure I have $$ in the bank, paper equities that need my work to be fruitful, but all in all that's nothing in the grand scheme of things compared to what could be achieved, and what I want my life to look like in 2, 5, 10 years. I need more to provide the life I want for my future family, my fiancé' and my future kids. This is my waking thought each and every day. Providing for generations and freedom for all. + +Here I am at 4am on a Sunday working (I love it), but I went out with friends all weekend long, and got home one Sunday at 6pm. I have teams that I have hired depending on me to produce work, and I have my own goals and desires I want to fulfill. So i'm not complaining in any capacity, I love it. But to be honest, I would rather of skipped spending the weekend with friends in order to put those hours towards my goals. I know its not balanced, and it drives my fiancé mad. + +Is what I am doing wrong? (Heavily sacraficing current for future, although its with joy at the detriment of my fiancé or others? ) What have you guys (and girls, I say guys as generalizing) done in regards to balance? + +&amp;amp;#x200B; + +\----- + +&amp;amp;#x200B; + +&amp;amp;#x200B; + +Edit: For context - Tech entrepreneur, C-Suite at several companies that I either work for, or my own ventures. Some Funded with VC's, some self-funded. The companies I work for I cannot wait to leave and work for myself, instead of someone else who has a company that they are living off of, and provides all the things that I want in life for myself. + +Edit 2: my finance of course what’s a nice comfortable life. But she has much more balance than I do. She also has no job I support her fully (we both live in nyc) which I love cuz I’m old fashioned. But I know the price I need to pay to give the lifestyle I want to give. Or maybe I’m delusional and I can do both, Idk. That’s why I’m asking the question about balance. +Hi guys! + +&#x200B; + +I am a bit new here. I am a 21M engineering student with a solid background in data science and finance now. I have a lot of free time currently and I've been curious about what was going on in the markets. + +&#x200B; + +Recently I thought of some ideas, to create a bot capable to give trading suggestions on a given instrument (that could be stocks, forex, commodities, ...), based on previous data, sentiment analysis, and some other stuff, using technicals and deep learning. But is it even a realistic goal? I am not talking about creating the ultimate 100% success bot, rather something that would give even a slight edge over the market. + +Just wanted to know about you guys' experience, and if some of you guys have been working on personal projects, how did it turn out? + +&#x200B; + +Also stay safe everyone! We'll get through this crazy situation someday hopefully. :) + +EDIT: reach out to me (marengo#0012) on Discord! +I'm just getting into the cryptocurrency game and downloaded Coinbase only to discover that you can't sell with Coinbase in Canada. How do I invest up here? Thanks! +Hi there everyone. I’m currently in a conundrum and concerned about my long term future. I grew up in an Asian family that values “interdependency” and thus we often help each other out, even financially. However, I found that the cause of my slowly-increasing savings is not because I spend a lot of money, but because I lived in a household where my family overspends (treat your self mentality/“you worked hard for your money so why not enjoy it?” mentality), and at times if I don’t shout them or give them money besides my rent, I am seen as greedy and big-headed (since I am a full time professional working in construction). +Ever since I moved out, I feel so much more in control of my money and my spending. Even times when I feel like splurging and eating takeaway, I feel like I’m still saving so much more. People say living with your family means saving more money, but heck the rent I was paying them is more expensive than where I am now, and they also expect me to chip in more at home. + +My parents are educated and also work full time, have a house in inner city suburb, and you’d think they’d be good financially... I never understand why they always ask me for money. When I wanted a casual job at a fast food chain 7 years ago, they were so against it and saw it as not a respectable job for a future engineer, but ever since I started earning that minimum wage, they asked me to chip in at home. + +I don’t want this to be ongoing. Yes when they’re older I will take care of them and spend money on them, but they’re still 20 years away from retirement age. Even as I’m out of home 150 kms away they still ask me to chip in. I’m even paying for pet insurance for a puppy they got a week before I moved out. Am I the bad guy for not actively contributing financially? What am I doing wrong? I just want to start saving money for stocks and investments while I’m young, and it sucks that my counterparts at work are getting closer to that, and I’m not even halfway to their current saving achievements. I am willing to give my family money but from my own decision and my own free will, and not because they ask me to and they want me to. When they ask me as well, the want the money on the same day. Won’t even let me budget for it. + +Edit 1: All, thank you for the advice. I have responded here https://www.reddit.com/r/personalfinance/comments/97g4rq/comment/e48700r?st=JKV2W6G0&amp;sh=db484359 + +Edit 2: Wow. There’s so many responses. I am overwhelmed! I talked to my boyfriend and we both agreed there is a lot of good advice from everyone. Some very relatable. Some advice hard to swallow. I’ve read each and everyone’s message. I’m just on my phone at the moment as I am at work. Thank you again. I didn’t think it would get this much attention. I think part of it is people who are going through the same situation as me finally had the chance to voice their concerns. For my second generation Asians, we can do it. Message me and keep in touch if you please. :) +[https://www.cnbc.com/2021/07/27/cdc-to-reverse-indoor-mask-policy-to-recommend-them-for-fully-vaccinated-people-in-covid-hot-spots.html](https://www.cnbc.com/2021/07/27/cdc-to-reverse-indoor-mask-policy-to-recommend-them-for-fully-vaccinated-people-in-covid-hot-spots.html) + +&#x200B; + +Ah shit here we go again + +&#x200B; + +Thoughts on how this is going to affect markets? Last week the market shrugged off fears of the Delta variant +I recently got interested in making my money grow more especially during this pandemic. I have always wanted to start forex trading ever since I started investing (mutual funds) at 15 years old but I knew the risks were too high for me at that age. Could you guys recommend me free tutorials maybe on youtube (if they’re recommendable) or some free resources found online? And maybe tips and tricks of your own? Also if possible, I’d like to know some sites where I can trade for a minimal starting price since I’m only a student. Thank you very much and happy trading! :) +Is this happening to anyone else? I guess these people haven’t read my post history. I don’t have extra cash to send you. +I did feel bad for the first few and offered to help by sending food instead of cash. I asked for an address and never heard from them again. +Don’t fall for the scams! + +Reminds me of my aunt. I never understood why my mother and grandparents avoided her until I was early twenties and had my own place (and broke). She would have her daughter(my cousin) call me with the sob stories about no food. I felt bad and bought them groceries and my aunt was furious. She wanted cash for cigarettes and God only knows what else. +I work for a medical group and we see this quite a bit. The physician will say one thing and then the patient finds out that it isn't covered and health insurance nightmares quickly ensue. + +Your physician is not familiar with your insurance plan and what they may or may not cover. They have a pretty good idea but when it comes down to healthcare and non-price transparent services PLEASE always use caution. You will be the one paying not them. + +There are several ways to go about this. #1, which your physicians office sometimes will do, is get a pre-certification or a pre-authorization. This is basically them calling the insurance and saying we're going to do X and we want to know it's covered. Insurance will give them some sort of documentation and then you can generally expect that service to be covered. + + #2 you can call your insurance company and inquire. Please be advised this is not full proof and they will not hold their people responsible for telling you the wrong thing. Please default to #1 above if in doubt. + +For our Medicare patients; if you ever get an ABN or advanced beneficiary notice they are telling you that whatever you are doing or having done is NOT covered. Please be aware of this. + +I hope this helps as I have been seeing more of these issues. +I currently use my RRSP to fully invest only in USD securities (to avoid withholding tax). I was told by my broker that I can open a USD RRSP instead of the current CAD RRSP. + +My question: Should I transition from a CAD RRSP to a USD RRSP? This way I avoid exchange fees when I buy/sell, but I would still pay exchange fees to convert deposits/withdrawals in/out of the account, respectively. + +Please let me know if I’m missing anything important. Thanks in advance! +Given the price war in Oil right now, it's obviously hurting the Canadian economy disproportionately to other economies. + +If oil prices don't recover, how will Canada's economy recover? I imagine it would look like a heavy divestiture from Oil&Gas and a move toward renewables, however that's not going to be quick. + +Can we expect a 5+ year bear market in Canada because of this? Anyone else buying XIC/XIU on the new 52 week lows or waiting for more downside? + +I'm holding XIC but will not add more until it goes to $16 or lower. I don't think people truly realize how bad this price war in oil is for the Canadian economy, but I'm also not an expert. + +Thoughts? +*Disclaimer: All information in this post is my personal opinion and not in any case an official statement from Computershare. This is not financial advice.* + +**TLDR: The shitheads at IBKR are making it more complicated but CS got our back.** + +I called Computershare this morning regarding the new changes from IBKR. It is not possible to DRS shares to existing holder accounts anymore. You will have to create a new account at Computershare for every transfer you make. + +The lovely lady at Computershare explained to me how this may be a complication but how they can solve it easily. This is what I understood: + +1. DRS shares to a new account - Make sure that the name and address is identical to your account at CS + +2. Call CS and ask to send you the confirmation letter from the closest office (for Europoors it is the UK) + +3. Once you get the new confirmation letter, send back the W8BEN form + +4. Call CS and ask them to unite the two accounts you have + +&#x200B; + +Voila - all shares DRSd in one account + +&#x200B; + +**CAUTION:** If the name is different you have to do a legal process called "Share Transfer" which is very bureaucratic, to say the least. Small differences in the address can be solved by the CS-Team. + +&#x200B; + +**Additional information I got:** + +1. It is not unusual that people have several accounts. Mostly this happens when different parties are involved e.g. give a share. + +2. Computershare was also surprised about this move and this is the first time something like thishas happened. + +3. My support agent will check if it is possible that CS makes an official statement/instructions on how to merge the accounts (hopefully smooth brain proofed). + +4. My support agent could not understand why they would do something like that... +https://finance.yahoo.com/news/warren-buffett-todd-combs-ted-weschler-investment-performance-103822072.html + +“[As of] March 31, actually one is modestly ahead [of the S&P 500], one is modestly behind,” Buffett said. “They are extraordinary managers... It's been a tough period to beat the S&P. And like I say, one is now ahead of the S&P over that period. One's modestly behind.” +I do not think the dividend is to kick off MOASS, I think it is only to prove of so much fuckery so Ryan can pull the shares out of the DTCC and go to their own blockchain based stock exchange. THAT is what I think will be the final catalyst to kick off MOASS. Any thoughts? +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? +*puts tinfoil hat on* + +So I’m gonna see if I can’t collect more data and make a longer post on this thesis, but I’m seeing a lot of similar, unprovoked negative price action occurring in popular reddit stocks where the rest of the market is rising. Companies like NNDM, SNPW, GNUS, SOLO, CWGYF, FDBL, and RBNW just to name a few that I have on my watchlist. All of them have been experiencing a forced, straight downward channel for a month or more with no corrections, price settling, or anything. + +SUNW for example is especially suspicious to me considering they just announced a merger. The day they did, there was no immediate price action. However midday the stock shot up and was quickly pushed back down, followed by a constant aggressive downward channel which continues still. + +Now I want to be clear that I don’t have money in any of these companies, so I’m not trying to justify lost money. I just think the consistency of the downward pattern instigated by very similar sharp downward price action on open is an indication of mass-scale manipulation, perhaps to attack retail investors after the whole short squeeze thing and get some of their money back. + +I wouldn’t be surprised if every one of these stocks had significant short interest. I’ll have to check on that too later. + +I’d love to hear your guys’ input. Yea sure interest rates and hesitation around possible inflation have been wacking up the market, but I feel like there’s something else here. +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? +Dev: Aaron Doh - Followers: TikTok 5.7M, YouTube 400k, Twitter 300k, Instagram 500k + +https://www.tiktok.com/@aarondoh + +This is the next big thing, but DYOR - feel free to join the Telegram (2k+) to ask questions about the project as we have an extremely welcoming community - https://t.me/sheeshtokenchat + + + +Biggest News: + +Mods and admin's have found a more direct way to get listed through CMC and CG! It is projected to be competed by EOW + +Minecraft Server in going to be launched! Server will launch on 05/12/21 and will include a donor shop. All revenue will be split into liquidity and on going dev expenses. + +50% will go back into liquidity to keep Sheesh bussin'. The 2nd 50% will be going to reoccurring expenses: domain expenses, server upkeep, advertisement costs, etc. As mentioned in the Ask Me Anything there is work being done to create a direct platform that allows you to buy from these shops via Sheesh! + + + +The dev is a big influencer, with his entire senior team being publicly doxxed on the SHEESH whitepaper: https://sheeshtoken.com/whitepaper.pdf $SHEESH has genuine long-term potential which Aaron is intending to use his social media reach to promote with the first official influencer having been onboarded and many more to follow in the coming weeks : + +Spice King - Followers: TikTok 12M, YouTube 230k, Instagram 113k + +https://www.tiktok.com/@spicekingcam + +https://direct.me/spicekingcam + + + +This brings us onto both further marketing plans as well as roadmap for the project. SHEESH Token will be used for: + +a link between the gaming world – both competitive/entertainment and crypto. This will include competitions and tournaments and now servers, with the first Rocket League tournament two weeks ago and the Fortnite tournament concluding yesterday with Friday having been a huge success (170,000 Sheesh has been awarded) + +Influencer community engagement token – giveaways, merchandise sales, fan engagement, NFTs, etc. + +Due to $SHEESH being strongly intertwined with the world of influencers the medium-term marketing strategy is mainly driven through social media partnerships. Aaron is in talks with many, both content creators as well as influencers specifically in the crypto space. + +By May 20th, there will be an enhancement of the website, branding, and whitepaper. The team has recently deployed additional graphic designers to ensure everything looks & runs more slick than it does already does. + +HOW TO BUY: + +Never follow any Pancake links of random Redditors! + +Go on the website https://sheeshtoken.com/ and follow their official links there! There is also a quick guide on how to buy. + +LINKS: + +Ø Contract: https://bscscan.com/token/0x7e5d52c3335c91af0da392bea4bb9e43f2aba62c + +Ø Telegram: https://t.me/sheeshtokenchat + +Ø Discord: https://discord.gg/Ssq8MdwQ2w + +Ø Token Twitter: https://twitter.com/SheeshToken + +Ø Token Website: https://www.sheeshtoken.com/ + +Ø Roadmap: https://i.imgur.com/Rm0bTIs.png + +Ø White paper: https://sheeshtoken.com/sheesh.pdf + +Ø Bogged chart: https://charts.bogged.finance/?token=0x7E5d52C3335C91Af0da392BEa4BB9e43F2AbA62C + +Ø Liquidity locked: https://unicrypt.network/amm/pancake/pair/0x83f4c453b766a97E9467D6376B2419a47B082958 + +Ø Subreddit: r/SheeshToken/ + +Ø Twitch: https://www.twitch.tv/sheeshtoken?sr=a + + + +I feel super confident about this project and I hope you like it too. What convinced me to buy was low market cap and that he has loads of followers on Twitter, TikTok and YouTube. Talks are ongoing with a number of crypto influencers to come on board soon, and then the sky is the limit. Don't miss out, this is the best opportunity to get into a massive project early. + +p.s. get your mom some Sheesh this mother's day <3 +Sept. 27, 2021 +WASHINGTON — Senate Republicans on Monday blocked a spending bill needed to avert a government shutdown this week and a federal debt default next month, moving the nation closer to the brink of fiscal crisis as they refused to allow Democrats to lift the limit on federal borrowing. + + +With a Thursday deadline looming to fund the government — and the country moving closer to a catastrophic debt-limit breach — the stalemate in the Senate reflected a bid by Republicans to undercut President Biden and top Democrats at a critical moment, as they labor to keep the government running and enact an ambitious domestic agenda. + + +Republicans who had voted to raise the debt cap by trillions when their party controlled Washington argued on Monday that Democrats must shoulder the entire political burden for doing so now, given that they control the White House and both houses of Congress. + + +Their position was calculated to portray Democrats as ineffectual and overreaching at a time when they are already toiling to iron out deep party divisions over a $3.5 trillion social safety net and climate change bill, and to pave the way for a bipartisan $1 trillion infrastructure measure whose fate is linked to it. +The package that was blocked on Monday, which also included emergency aid to support the resettlement of Afghan refugees and disaster recovery, would keep all government agencies funded through Dec. 3 and increase the debt ceiling through the end of 2022. But after the bill cleared the House a week earlier with just Democratic votes, it fell far short of the 60 votes needed to move forward in the Senate on Monday. + + +The vote was 48 to 50 to advance the measure. Senator Chuck Schumer of New York, the majority leader, was among those voting “no,” a procedural maneuver to allow the bill to be reconsidered at some point. But there were no immediate details about next steps. + + +The resulting cloud of fiscal uncertainty marked yet another challenge for Mr. Biden and Democratic leaders, who are facing a daunting set of tasks as they press to keep the government funded, scrounge together the votes for the infrastructure bill — also slated for a vote on Thursday — and resolve their disputes over the broader budget plan. They must also hatch a new strategy for raising the statutory limit on federal borrowing, which officials have said is on track to be reached as early as mid- to late October. + + +“It may not be by the end of the week — I hope it’s by the end of the week,” Mr. Biden said on Monday at the White House, referring to the outlook for accomplishing all of the imperatives Congress now faces. Ticking off the four pieces of legislation, he added, “We do that, the country’s going to be in great shape.” + + +Without any one of them, Mr. Biden’s agenda and his party’s fortunes would be in peril, a prospect that Republicans appeared to relish. + + +Although both parties willingly racked up trillions of dollars in debt in recent years, Senate Republicans presented their refusal to vote for the debt cap increase on Monday as deserved comeuppance for Democrats who are pushing past G.O.P. opposition to muscle their multitrillion-dollar domestic spending and tax increase plan through Congress. +I know we arent supposed to say stuff like this but I needed to tell somebody. Right before covid my parents kicked me out and I lived in my car for little under 2 months. I had about $300 in my pocket at the time. Every day, I would wake up early and donate plasma before work and then work 8-12 hours at my sales job depending on how many hours of OT they gave me, I would also shower there too. Ever paycheck I got I would take what little money i needed for necessities and the rest I would put in in bitcoin. To me, bitcoin was hope, hope that I would eventually be able to be financially stable and for a brighter future. I bought in before the dip and during the dip to sub 5000. Again, sorry i know we shouldnt talk about this but i cant tell anyone and today i passed 1 whole coin. + +Edit: For those thinking I am a liar, ill post proof of my getting kicked out and of my holdings, if theres a way to safely do that lmk +It really seems shilly for people to be posting/pushing LRC. I don't want to discuss it further than this is a GME sub, only. I don't care if there's a possible partnership with loopring. It. Does. Not. Matter. Every dollar diverted from GME hurts all of us. There is nothing stopping citadel et all from pumping LRC. If you have DD, and it is valid, sure, post away, but gain posts should not be tolerated. + +Please disregard if action is taken already. + +Edit: Anti-computer share shills defending this coin are out in force, this all but confirms my suspicions. + +If you legit missed the AMA's, both confirmed that computershare just holds the register, if you direct register, the stock is in YOUR name, not theirs. You are the owner, full stop. The more shares are pulled from the DTCC, the less reasonable their assumption to locate share for their market maker exception, which is what they use to naked short shares and suppress the price. + +I recommend you report anyone that uses logical fallacies or falsehoods or personal attacks, we don't do that here. If you have a claim, prove it, otherwise, take it elsewhere. + +Crypto =/= stocks. + +I will say no more. +The site is [Tendiechart.com](https://www.tendiechart.com/) + +Right now it tracks every option available for stocks in the S&P 500 and is updated hourly. unusual volume hourly also. + +Coming soon: + +Working on adding hourly volume alerts right now. +Saving each unusual volume day so we can see history (10 day maybe) of the performance of unusual options. +Adding more stonks to track. + +Other ideas? +My mum has told me that she wants me to sign her house over to my name (or a lifetime discretionary trust in joint names) to avoid selling it to pay for care fees, but I don't see what it would actually achieve. I've read into it and she's in good health now and has no looming care need, so it might not be caught out by deliberate deprivation but that's not what I'm concerned with. I don't really see what the point is. + +&#x200B; + +As far as I understand it, she'd have to fully fund care until her assets were down to £23,250 and then she'd get some tapered assistance down until they reached £14,250, at which the council would cover any difference not met by her income up to their standard rates. + +&#x200B; + +From what I can tell that means the options are either a) she lives in a poggy council care home because that's all their standard rates will cover or b) she lives in a nicer care home but I'd have to sell the house anyway to cover the difference. I'd probably sell the house regardless if she went into care because what am I going to do with an empty house? + +&#x200B; + +I guess if it's out of the assessment it'd mean qualifying for the council funding quicker, but she's got a decent NHS and state pension (c. £25k in total) so the amount of shortfall that the council would meet would only be maybe a couple or few hundred £ a week. Am I missing something or is this a lot of effort for minimal gain once you look at things like capital gains tax on the sale, unless she ends up in a care home for a very long time? +I've ran numbers on it and what I get is this : + +&#x200B; + +||10 years|5 years|3 years|1 year| +|:-|:-|:-|:-|:-| +|ROIC|8,5%|2,3%|2,9%|\-3,3%| +|ROE|9,7%|2,8%|3,5%|\-4%| +|Equity Growth Rate|2,3%|\-2,9%|\-3,9%|\-8,6%| +|EPS Growth Rate\*|\-16,6%|\-8,9%|\-31,8%|\--| +|Sales Growth Rate|\-7,1%|\-6,2%|\-11,1%|\-32,5%| +|OCF Growth Rate|\-10,3%|\-11,5%|\-19,6%|\-61,3%| + +Roic is an average. The rest are compounded annual g rates. + +I'd approximately price it at 20 bucks personally. + +I haven't looked at other factors so far but I'm trying to understand the rationale behind buying in at around 80 bucks as reported. + +The numbers don't look too rosy imo. + +\*cagr until 2019 +I’m interested to see which tobacco company people favour, at the current levels. + +All companies seem to have a strong balance sheet and moving into the E-Cigarette market. +There are some companies that can predict their earnings quite accurately - like utilities, infrastructure companies, REITs etc. But a lot of analysts and investors look at earnings estimates for companies like Peloton and META and lose their shit if the earnings are either above or below "market estimates". + +In a booming business environment (e.g. 2020 & 2021) , there was so much discretionary spending that none of these companies could expect their demand to increase so rapidly , so all the Tech companies "beat their estimates". And now, it's the opposite - every growth company's earnings are missing estimates and the cycle repeats. It seems quite idiotic to me for a value investor to pay attention to earnings beat and misses , unless it presents a buying opportunity for a great business which has a shitty quarter. +We broke ass X share holders CANNOT get too scared or excited at what we see in our brokerage accounts. We need to hold for everyone. We have to power to stop this rocket short by freaking out and selling early. APES STRONG TOGETHER +Today was my first day trading a live account. Made $58, i am so happy! My heart was beating so fast when i pushed the buy button for the first time. 2 trades, reached my $50 goal. +The overview: +Current SP - $0.043 +MC - 120M +Volume - 19,243,213 + +VML are a rare earth mining company focusing on their Nechalacho project in Canada, and aims to produce a minimum 5,000 tonnes of contained rare earths oxide (REO) by 2025. +They recently signed an off take agreement with Reetec for this, with the option of expanding the production to 5000 tonnes per year for 10 years. + +The nechalacho site is an existing rare earths site, which hosts a resource of 105 million tonnes at 8.9 percent REO. So there's no guess as to what they are getting. Payment terms and profit sharing between VML and reetec are already in place. + +This week VML announced a drilling plan to confirm that they can meet the 5k tonne 10 year agreement. That is huge. + +VML are currently mobilising their mining equipment, with approval by Saskatchewan government, and will be done by end of March. Production of REO to meet the Stage 1 agreement will begin CY21. + +You can read the recent ann here - https://vitalmetals.com.au/wp-content/uploads/2021/02/2021-Feb-Vital-Commences-Drilling-to-Define-Mine-Plan-at-Nechalacho.pdf + +In my opinion, VML are ticking all of the boxes and taking a very sure and confident approach. With a low buy in price I think there's great potential for short terms gains, but more importantly, long term for those willing to hodl. + +As always DYOR! +Right. I made a massive loss the 2020-21 year. Sent my EOFY statement to a H and R Block. But only the 2020-21 statement from NAB and not the previous year (2019-20) where I made most of my buys. Just forgot to send the one with the buys. The bloke checks it, gets his boss to check it and writes an an email to the effect of - 'sorry to be bearer of bad news, but you owe 20k in tax because of your trading'. +What the fuck... So he basically just looked at sells and not buys and works out those sells somehow started from zero (every statement has a buy/sell of course) because those buys were in the 2019-20 year. +I sent an email back. No response yet. Just a warning to be cautious and educated because even a franchise like H and R Block have proper mullets working there who don't understand how CGT works. + +Stay safe. +So yesterday I went to deposit money into my debit card like I do every week. I deposited 1750$ and I was in a bit of a hurry so I didn’t end up printing a receipt (I know a really fucking stupid move) but I made sure to wait for the machine to say deposit completed and gave me the check mark thing. Today I woke up and Payed for my car payment to only realize I didn’t have enough balance and my card is in the negatives. Is there something I can do? Or is it lost for ever. This is will really fucking break my back. + + +Update: I went to the bank and spoke to the manger they took down the machine’s info and said they will audit it if the transaction doesn’t go through on Monday. Turns out since I deposited the money Friday night the transaction didn’t go through until Monday. So yeah crisis averted, got my money back but fuck me was that a stressful weekend. +Edit: Sorry if it was not clear. My question is why is it advised to close the losing trade and immediately reopen a new trade *on the same ticker*, **instead of opening a new trade on a new ticker**, which may offer more premium? The common advise is to always roll on the same ticker. No one suggests "hey maybe do some research, there could be another ticker that offers even better premium/better risk than the ticker you just closed". It seems to me that if you close a losing trade, you should not just reflexively open a new trade on the same ticker. Instead you should do your research and find the best ticker available to open the trade on. + +--- + +I'm new. It is commonly suggested here that if your CSP or CC is a loser, you can either take assignment or roll the trade. And by rolling the trade, it always refers to buying-to-close the losing short on a given ticker, and then selling-to-open another short *on the same ticker* at a later expiration, "hopefully for a credit". + +To me, this sounds like the sunk cost fallacy. Psychologically, if you roll out on the same ticker for a credit, you can tell yourself you didn't really have a loss. But of course, you did have a loss. You would have been better off if you didn't make the first trade at all, and instead just made the second trade. + +What is the point of opening a new position on the same ticker? Wouldn't it be far superior to open a new position on the best ticker available, which may or may not be the same ticker? + +Am I missing something? +I was short many unhedged TSLA weekly puts with a strike price of 280 and panicked when I saw the price keep dropping and dropping at the open. When it hit 340 or so this morning I closed. Didn’t roll or consider taking assignment because of all the weakness it’s shown lately. + +Feeling stupid because the price settled down at around 1030 and instead of losing a few hundred, I lost several thousand on the trade. + +Lesson: don’t trade in the hour after the market opens. + +Is this the right lesson to learn from this? +Was there an "ah-hah" moment? Did you realize anything through backtesting? What gives you the confidence that you can consistently make a living doing this? Do you trade strict R:R or momentum? How did you discover the thing that made you profitable? + + +Struggling here. +While a bit bewildering, what we’re seeing with NFT’s has been a good thing for crypto. Personally, I would’ve loved mass adoption to have come from people realizing that we can provide banking to everyone and how cool it is that we can finally cut third parties out from financial transactions so there’s less hands dipping from pot of genuine productivity, but I guess Beeples be what it is. + +So with that in mind, I know some artistic people and have a hand in digital craftsmanship myself. I opened up a couple of stores on OpenSea, made some submissions to the smaller galleries, and found it to be amazingly easy. Like, took an afternoon really plugging into it and got a fully-functioning storefront with a full line of products easy. + +What was not as easy was pricing my items. Honestly, just getting started and looking for exposure, I was happy to take a hit on what I think my work is actually worth. But I couldn’t get over that **something I’d like to sell for $20 could cost $40 to mint**, whether for me or for my customer who may be interested in buying for the purpose of reselling. + +So when I heard about BSC offering low fees and Cardano releasing NFT integration, I’ve been majorly excited for some low fees marketplaces to start popping up. + +And maybe I’m being impatient but… where are they? It seems the majority of tokens are just these shit animal coins that have NFT’s as a side piece to their collection of useless features, when they’re passing up the easy gold mine in providing a low fees marketplace for NFTs. + +That’s where Rowket aims to be, plucking the low-hanging fruit of an industry that has demonstrated staying power by sheer volume (as we saw with BTC before and DeFi recently) and still has waves of adoption on the way. + +**By focusing on creating a decentralized NFT marketplace in which regular people can sell their more kitschy wares (Etsy has a $27B market cap) without completely impractical fees, Rowket with a modest $5M market cap understands that it’s really just a matter of time before more money floods into this market.** + +So why is Rowket going to succeed vs. any number of real competitors that have yet to show up? Well, as we saw with ECOMI ($1.5B cap) and Origin Protocol ($500M) on Ethereum, there can be multiple winners on a single chain but the ones that do win are the ones that get there first. **Guiding them with this first-movers advantage is a co-founder already responsible for raising a $50M project on BSC in Lightning.** + +Getting a boost from Lightning’s connections should provide the exposure that Rowket needs to be a leading player in an absolutely booming BSC market, with BNB exploding and transaction volume running wild last night, meaning this $5M market cap is in for a jump similar to another infrastructure-dependent product like Pancakeswap (also mooning). + +Which, being a leading player is all they need for the price to skyrocket. If they deliver on their promise of being the go-to solution on BSC… watch out. Their product is expanding in the same way we saw the big movers on ETH, implementing new ideas like NFT farming and **NFT lending, allowing people to use NFT’s as collateral**. Given the exploding but easily traceable value of NFT’s, this is an absolutely brilliant idea that will matter more and more as crypto acts like traditional finance in providing loans. + +Consider that one day the deed to your home might be backed by an NFT. I know that sounds absurd but already we’ve seen successful ideas emerging with identities governed by NFT’s as well as gaming purchases. **Being able to use NFT’s as collateral could be something that becomes essential to our society, providing some fungibility to the value of these quickly appreciating assets.** + +Beyond what could be a market-changing idea sprouting here, Rowket will also act as an incubator for each artist it brings on, working with them much like a label would in helping build exposure and support for talent. Already they’re getting flooded with submissions since that’s attractive to any aspiring artist, as if the low fees weren’t enough. + +They’re still very open to anyone to make a submission as long as they’re confident in their talent, which I know I’ll be doing shortly once I sort my portfolio out. So if you think you have *it* then reach out while they’re still considering submissions for 2021. Just make sure you put the final touches on that financial portfolio first by picking up some Rowket before it moons with the rest of BSC and the NFT market. + +Website: [https://rowket.org/](https://rowket.org/) + +Telegram: [https://t.me/RowketCommunity](https://t.me/RowketCommunity) + +Pancakeswap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x5ddAe05d2f854926E8070b435d2dfe5edCa246D9](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x5ddAe05d2f854926E8070b435d2dfe5edCa246D9) + +Medium: [https://rowketmarket.medium.com/](https://rowketmarket.medium.com/) + +Chart: [https://goswappcharts.web.app/?isbsc=true&tokenId=0x5ddae05d2f854926e8070b435d2dfe5edca246d9](https://goswappcharts.web.app/?isbsc=true&tokenId=0x5ddae05d2f854926e8070b435d2dfe5edca246d9) +Update: Peloton to halt production. [source](https://www.cnbc.com/2022/01/20/peloton-to-pause-production-of-its-bikes-treadmills-as-demand-wanes.html) + +Still think is a not fad? Gym equipment come and go, as will this company. Onward to $5. + +Peloton executives and insiders sold nearly $500 million worth of their stock before its big decline, according to filings with the Securities and Exchange Commission. + +Peloton stock is down more than 80% from its highs last year, and it hit a 52-week low of $29.11 on Tuesday. Yet the company’s CEO and other executives sold millions of shares at prices over $100 a share in the months leading up to the big declines. + +The big selling started when the stock started surging past $80 a share in the fall of 2020, and gained momentum in 2021 as the stock held above $100, the filings show. +GameStop is perhaps the most well researched stock in history. We have seen DD’s encompass different trading strategies, market structure, banks, ETFs, etc. + +I do think one area lacks, fundamental analysis. I get it, we all believe the share price will be $69m+ and don’t want to hear what the share price could be from a fundamental viewpoint. But, after the MOASS, there is still a company with great fundamentals that the share price will be valued off. + +Personally, I will sell 1 share at $69m and keep the rest because I believe in what GameStop is building. + +What I think we should put more effort into is the underlying fundamentals of the business. What are they doing to grow revenue? What are they doing to pivot from brick & mortar to tech? What revenue assumptions can we make? These are important questions that have significant impact on the business and share price. + +You can see my previous DD here: + +[Fundamental Analysis](https://www.reddit.com/r/Superstonk/comments/rv5qnr/gamestop_a_fundamental_analysis_nft_market/?utm_source=share&utm_medium=web2x&context=3) + +[Q4 2021 Estimate](https://www.reddit.com/r/Superstonk/comments/rxnao5/gamestop_q4_2021_estimates_powerup_member_analysis/?utm_source=share&utm_medium=web2x&context=3) + +[Private Label & PowerUp Analysis](https://www.reddit.com/r/Superstonk/comments/s34k4p/gamestops_nft_revenue_powerup_revenue_and_private/?utm_source=share&utm_medium=web2x&context=3) + +**Refurbished Electronics TAM & Competitors** + +By 2022, IDC notes that the used smartphone market will reach $52.7 billion. By 2031 the refurbished mobile phone market is projected to be $143b. + +https://preview.redd.it/gufbzdplwic81.png?width=975&format=png&auto=webp&s=7e2538c7a015c6eb1d102a3b3e19e6e56dc5e9fc + +**Why is the market growing?** + +The pandemic caused people to be more budget conscious as unemployment skyrocketed. + +Inflation without real wage growth. The cost of new products increases, and wages haven’t caught up, causing consumers the inability to purchase new electronics. + +Sustainability (ESG investing): People have become more educated and conscious about the environmental impact’s electronics have on our world. Reusing an electronic product helps this. The metals, chemicals, and plastics associated with electronics has negative impacts on our environment. + +**Competitor** + +Back Market – physical hardware and a B2C marketplace. They partner with certified refurbishment companies that resell electronics. Back Market takes a cut of the total GMV processed. + +The company reportedly facilitates the sales of over 200K devices every month — about 6M users have purchased a device on the company’s platform. + +It is currently supported by a team of 650 employees, and it maintains operations in 16 countries, including the US, Japan, and several European countries. + +Recently raised $500m at a $5.7b valuation. Last May, Back Market raised $335m at a $3.2b valuation. Assuming the below revenue, I roughly project 2020 revenue of $1b. Their latest valuation would put their P/S multiple at 5.7x. + +“In Europe, Back Market is a successful and trusted platform: Gross sales grew from $4 million in 2015 to $120 million in 2017. In 2018, after the U.S. launch, they reached $300 million, a figure the company hopes to double this year.” + +**Why does GameStop win?** + +Simple, if I wanted to sell my iPhone, I can’t just sell it to Back Market. They only sell refurbished iPhones from verified sellers on the marketplace, they are a B2C marketplace. + +The biggest pain point for consumers is finding a place to drop off or send their iPhone. GameStop has 4K stores to trade-in electronics. This geographic footprint solves the biggest consumer pain point. + +GameStop provides in-store credit. This incentivizes consumers to trade-in products and purchase new products. Back Market doesn’t offer this. + +[ Above is a rough estimate of how much GameStop generates off refurbished products.](https://preview.redd.it/lvu5tehqwic81.png?width=730&format=png&auto=webp&s=068049a2db975b5fc4e3b0e28a1b8457f098e5a1) + +**Did we know that GameStop has a massive refurbishment center near their HQ?** + +The ROC is a 182,000 square foot facility that opened in 2010 and is located at 2200 William D. Tate Avenue in Grapevine, Texas, just down the road from GameStop's headquarters. + +https://preview.redd.it/c0ep56ytwic81.png?width=750&format=png&auto=webp&s=06bcfa3c8487e7ad62511ecaac7a4644fe024bd9 + +https://preview.redd.it/ypwgl3ruwic81.png?width=750&format=png&auto=webp&s=d8a0894d4331007836f8e5692814ca7242250eae + +https://preview.redd.it/102t4kmvwic81.png?width=1422&format=png&auto=webp&s=92f0ff5cf073e66cd683ecb474b024d511b998d2 + +https://preview.redd.it/6g4tsm0wwic81.png?width=1250&format=png&auto=webp&s=da90793166ff6096600009b722674eb246f7f313 + +**GameStop revenue assumptions** + +Back Market is estimated to have $1b in 2021 sales and I project they generate $1.5b in 2022 which gives them a 2.8% estimated market share in 2022. + +Taking into consideration GameStop’s robust refurbishment center, meaning they can process larger volumes of refurbished electronic equipment, and their store footprint, I estimated refurbished sales to be $500m in 2022 and will grow to $1.3b by 2025. This is significantly lower than GameStop’s 2017 refurbished sales of $2.1b and a slower growth rate than Back Market, as GameStop has to focus on multiple categories not just the electronic secondary market. + +https://preview.redd.it/iwn5t41ywic81.png?width=1314&format=png&auto=webp&s=9371e36ae1947745f0c4a52c74c8c730270bbf62 + +**Used Video Games TAM, Used Video Game NFTs & Competitors** + +Total US 2020 sales of physical and digital video games were $57b. I estimated the used game market to be 10% of the total market representing $5.6b. The used market is 100% made up of physical sales. + +https://preview.redd.it/46senfx5xic81.png?width=2228&format=png&auto=webp&s=88ac596553873fd03d87d7c5359f86fdc26db7c1 + +[ GameStop broke down used sales up until 2019. You can see from the below graph, used sales have slowly decline as video game sales moved from physical to digital. ](https://preview.redd.it/8pr3lit6xic81.png?width=1381&format=png&auto=webp&s=ea22f8f530f30fc3d5c79c7564d25712d9ef82b2) + +**How does GameStop stay relevant when digital video game sales outpace physical?** + +They have partnership agreements which stipulate a revenue share with console makers (Microsoft & Sony) on any digital downloads from consoles GameStop sells. + +We all know video games are moving digital, sell now and ask questions later Anthony Chumbawamba! This guy seriously irritates me. + +His job is to literally ask questions to better understand companies he evaluates. When you stop asking questions, you are the stupidest person in the room, sorry Mr. Chumbawamba. + +Sorry for the personal rant but come on…. (he gets two memes hahaha) + +https://preview.redd.it/mx2areafxic81.png?width=1000&format=png&auto=webp&s=75af7929ece07f25c3253738640fd72ad5373fec + +https://preview.redd.it/30yaeyrfxic81.png?width=863&format=png&auto=webp&s=23bc4b84d46547579fe78cb5100f120920a2e08c + +**So, GameStop shares in revenue on new digital downloads. Now what about the used market? Why has the secondary market essentially evaporated?** + +It’s not just because of the move from physical to digital sales. When you purchase a game from the PSN, Xbox, or the Steam store, you do not actually own the game. What you do get is a license to play the game for as long as the publisher wants you to. + +Why was there secondary market for physical games? “Over a century ago, the U.S. Supreme Court first articulated the “first sale doctrine” in copyright law, under which a copyright owner's exclusive right to control the ownership or transfer of a lawfully made copy of copyrighted content is exhausted after the owner's first sale of that copy.” + +So once Microsoft, Sony, EA, or Activision sold a copy to GameStop, their ownership ended. GameStop capitalized on this market and I assume owned a majority of the used video game market for years. + +Recently, the EU ruled that the “first sale doctrine” should apply to digital video game sales, but nothing material has yet to evolve from this. + +**Why have Microsoft, Sony, EA, Activision fought to keep the digital secondary market from growing?** + +Because they have no way of authenticating and reauthorizing the sale of used digital games. NFTs solve this major pain point. + +**Competitors** + +Robot Cache is the first to try and resell digital PC games. Robot Cache is a marketplace and takes a cut of GMV. [https://store.robotcache.com/#!/home](https://store.robotcache.com/#!/home) + +Robot Cache allows for US currency and IRON (no clue what that is). + +When you want to sell a game, you get 25% of the money — 5% goes to the marketplace, with the publisher then getting 70% of the resell. + +Steam – Marketplace that Microsoft and other games developers sell through. However, this is just for PC not console. The likelihood they develop something that competes against GameStop is low. + +Opensea and Coinbase. This comes down to two items: User experience and content. + +Opensea lacks a user-friendly platform. Coinbase has a very user-friendly platform. + +Opensea has some content (BAYC & Cryptopunks). Coinbase has literally no good content. + +https://preview.redd.it/dzo9wj7sxic81.png?width=806&format=png&auto=webp&s=43939143c63a0af303a65ef4410906a3fe6b7bd1 + +**Could GameStop, using NFTs and their marketplace crack the code on reselling digital games?** + +My below analysis will cover some known facts and assumptions. I think the NFT marketplace is going to be bigger than we think. Forget Bored Apes and Cryptopunks, the used electronic and game market is massive, and no one has figured out a useful way to resell digital games. + +First, we need to understand what an NFT actually does. + +**In its most basic form, an NFT represents ownership of an item.** We have seen this in digital art. But what most people forget is that during every transaction in the physical world a “contract” is created authenticating ownership. + +Here is an example: + +When you buy clothing, what do you receive that authenticates ownership? A receipt. + +When you purchase a house, what authenticates ownership? A mortgage. + +So, the basic underlying functionality of a NFT isn’t a Jpeg of a rock, it is authenticating ownership. And just like in the physical world, where we receive something that authenticates a purchase, an NFT does that in the digital word. + +**What are the biggest pain points for large corporations adopting NFTs?** + +The major pain points are: + +Brand IP fraud + +Not economical + +Not scalable + +**How does GameStop’s NFT marketplace solve the above pain points?** + +Brand IP fraud – Simple, have an ethical mindset when regulating the sales process. Opensea has openly mentioned insider trading on their marketplace. They don’t give a shit because they collect a fee for each transaction whether its legitimate or fraudulent. + +Not economical – Fact, GameStop’s gas fees will be significantly lower allowing for batch minting of 1K or 1m items. + +Not scalable - Currently very few easy-to-use options exist to batch mint NFTs. Opensea doesn’t offer a batch minting feature. Assumption: GameStop’s marketplace will allow for quick and easy batch minting. + +**What does all this mean for GameStop’s NFT Marketplace and reselling digital video games or in-game purchases?** + +**Example:** Microsoft will now be able to mint each digital copy of Halo Infinite it sells. Using NFTs, Microsoft can authenticate who the original purchaser was and authorize the reselling process to the new owner, all the while taking a cut of the transaction. + +When the original purchasers are done with the digital game, they will list if for sale on GameStop’s marketplace, let’s say for $20 dollars. Below is an estimate take rate on the marketplace. + +[ So, now assume Microsoft sold the original game for $60, they just made an additional $10 off that one game for a total of $70. ](https://preview.redd.it/igl0bi69yic81.png?width=489&format=png&auto=webp&s=6e37b19dfb6a0b385e6a86b449b11c8beadb373c) + +**In-Game Example:** Fortnite is free to play and generates 100% of revenue through in game purchases. Fortnite generated $5b in 2018 and $5.1b in 2020 from in game purchases. + +Now think, what if each item sold within Fortnite was a NFT and could be sold through the GameStop's marketplace and Fortnite could get 50% of the resell? + +If a limited edition Fortnite skin cost $1K new. This could be resold through GameStop’s marketplace at $5K because of scarcity/demand, and if Fortnite gets a 50% fee on the resale, they would generate $2500, 2.5x what they originally sold if for. So now one item instead of making Fortnite $1K has made them $3.5K. + +https://preview.redd.it/fhb8hw9cyic81.png?width=489&format=png&auto=webp&s=c4645368d8b73bd5310477d6f186dd44e9ab90e9 + +**Thesis:** GameStop’s marketplace could act as a facilitator for major brands to mint bulk quantities of items to sell digitally and in the metaverse. GameStop’s marketplace could create an avenue for the secondary market to reappear in video games and in-game purchases. GameStop’s marketplace won’t just be for Jpegs of rocks, it could help brands mint NFTs in video games, digital clothing, land in Sandbox and Decentraland, tickets to Snoop Dog’s concert in the metaverse, the marketplace will help literally every category by providing the necessary infrastructure to utilize NFTs for their true purpose, authenticating ownership. + +https://preview.redd.it/4n4tcoxi1jc81.png?width=3000&format=png&auto=webp&s=caf345993beb592256336affb421f25bb600dd88 +Kind of interesting that it seems to be mostly focused on bitcoin specifically as opposed to a more general crypto etf. That said, I guess exposure to services like coinbase means there's some indirect exposure to other currencies. + +[https://www.cnbc.com/2021/06/28/cathie-woods-ark-invest-files-to-create-a-bitcoin-etf.html](https://www.cnbc.com/2021/06/28/cathie-woods-ark-invest-files-to-create-a-bitcoin-etf.html) +&#x200B; + +https://preview.redd.it/iygf2m6bsn671.png?width=1426&format=png&auto=webp&s=b77d8723c7120655a4cffcac95e3be0038896d66 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Today's Recap 📈 + +# $GME Closing Price: $200.37 + +&#x200B; + +Open Price: $216.81 + +Daily High: $218.40 + +Daily Low: $197.00 + +Volume: 4.93 MM + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🖍🍎🚌GME 101🚌🍎🖍 + +&#x200B; + +*If you're new to Superstonk, start here!* + +&#x200B; + +[Superstonk FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq#wiki_how_do_i.2C_as_a_retail_investor.2C_stand_a_chance_against_the_hedge_funds.3F) (Updates coming soon) + +[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index) + +&#x200B; + +The apes of [r/Superstonk](https://www.reddit.com/r/Superstonk/) sincerely appreciate the time and effort put into getting this information out there. 🦍🤝💪 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# NSCC-2021-002 Approved + +&#x200B; + +Uhhhh... which one is that again? + +&#x200B; + +&#x200B; + +https://preview.redd.it/loiq69zcrn671.jpg?width=2063&format=pjpg&auto=webp&s=549e3413b2b52b57628c79bad2a308af9cec194f + +&#x200B; + +u/StevetheImpact [made this nifty cheat sheet](https://www.reddit.com/r/Superstonk/comments/o1vquv/tldr_regulations_edition_updated_20210617_to/). + +&#x200B; + +https://preview.redd.it/v2wmxyh4on671.jpg?width=1080&format=pjpg&auto=webp&s=b1a6e609f00826ffa5bb10052edf8da522e73db0 + +&#x200B; + +[Here's a link to the full filing.](https://www.sec.gov/rules/sro/nscc.htm) + +&#x200B; + +&#x200B; + +&#x200B; + +It is APPROVED as of now. It is EFFECTIVE upon listing on the NSCC website, which should happen within 2 business days, meaning Wednesday. + +So the relevant rulling, 006- which was effective immediately upon filing- outlines the timeline of 2 business days. + +&#x200B; + +&#x200B; + +https://preview.redd.it/lvn687d8rn671.png?width=960&format=png&auto=webp&s=7713e4aadedf2aff4d6975740fd0b3b87c674532 + +&#x200B; + +[This comment by u/deadlyfaithdawn helps clarify in simpler terms.](https://www.reddit.com/r/Superstonk/comments/o4xwdw/srnscc2021002_amendment_filed_today_wrinkle_brains/h2jphnt?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +[meme credit u\/bazmataz1380](https://preview.redd.it/pyn0evwfvn671.png?width=640&format=png&auto=webp&s=9a2a8a11d55682ea54ca83a6911b69877dceff4b) + + + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Meet Your New Gamestop President & CEO- Matt Furlong + +^(Former Amazon Executive) + +&#x200B; + +[Matt Furlong, New CEO of Gamestop](https://preview.redd.it/zbm0hky0fn671.png?width=1024&format=png&auto=webp&s=62ce391d44e65bb573c4cc189deb8641c527c2e5) + +&#x200B; + +https://preview.redd.it/2e27izdq9n671.png?width=1081&format=png&auto=webp&s=1509a85fbd927d2a05884f1e0621e9fecb9a5d90 + +&#x200B; + +And with that, George Sherman has officially retired his board position which is effective immediately. However, he will remain the CEO until Furlong assumes the position of President and CEO on July 12th. + +In the filings, Gamestop says Sherman's departure is “not because of a disagreement with the company on any matter relating to the company’s operations, policies or practices.” His exit package is valued at $173 Million after serving the company since 2019. + +&#x200B; + +*Also worth noting- the filing states that Matt Furlong will not be compensated for his Board position. All this means is- the board position is an accompaniment to the paid corporate position of President and CEO, meaning he is compensated as a corporate employee, presumably with a salary and whatever else they negotiated with him upon hiring. In contrast, Ryan Cohen is compensated (in shares) as a Board member. This just clarifies the compensation package given to his position. It doesn't reflect whether he is paid for his work as CEO.* + +&#x200B; + +[Here comes the corporate revolution](https://preview.redd.it/q7rp78e2hn671.jpg?width=980&format=pjpg&auto=webp&s=0e6ef8d5457cf1f20909b8ea7fde2153c1ee633c) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# [Secretary of Treasury, Federal Reserve Chairman, SEC chairman & U.S. President walk into a room. Who gets screwed?](https://www.reddit.com/r/Superstonk/comments/o4t64h/secretary_of_treasury_federal_reserve_chairman/) + +&#x200B; + +&#x200B; + +[credit u\/sososhibby](https://preview.redd.it/ud07hjfjpn671.png?width=731&format=png&auto=webp&s=e1ccbd06f5acaf2463e7189e89f8f33d1433922e) + +[Also worth noting, similar meetings were had just before Lehman Bros collapsed on September 15, 2008.](https://www.cnbc.com/2018/09/12/bernanke-paulson-and-geithner-say-they-bailed-out-wall-street-to-help-main-street.html) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# A Note from your friendly local Pink Cat ✌💖🐈🦄 + +This is coming from Pink, but let it speak for the entire mod team. + +&#x200B; + +I have seen complaints from moderators of other subs concerning brigading of Superstonk related comments and content in their subs, and they have mentioned escalating the issue if the brigading continues. + +&#x200B; + +**Moderators of Superstonk do not condone this behavior in any capacity or context.** + +&#x200B; + +After seeing the concerns from other relevant subs, the Satori team is currently taking extra steps to seek out this behavior and make sure, if found, that it is terminated via a permanent ban for the user from our community. WE HAVE A ZERO TOLERANCE POLICY ON BRIGADING. + +&#x200B; + +So what is brigading? + +&#x200B; + + "Brigading on Reddit is the observance of a group of people (usually subscribers of a particular subreddit) attacking another subreddit. Brigading will usually be cited if it can be shown that this was organized and/or instigated from subreddit postings and links. " [Link to TL:DR comment on relevant reddit post.](https://www.reddit.com/r/OutOfTheLoop/comments/3dc0r3/what_does_it_mean_to_brigade_a_subreddit/) + +&#x200B; + +Think of Superstonk as Fight Club. What happens in Fight Club, stays in Fight Club. But the number 1 rule of Fight Club...... + +&#x200B; + +**DON'T TALK ABOUT FIGHT CLUB** + +&#x200B; + +https://preview.redd.it/04qtn6c0un671.jpg?width=712&format=pjpg&auto=webp&s=015f4babd94235b3b64fdc6b7ea48585d0c1803a + +&#x200B; + +We are an awesome community built on friendship and support and a common love of the stock. **We comfort those who seek us, we don't seek anyone to comfort.** + +&#x200B; + +&#x200B; + +[Pink is always here for comfort](https://preview.redd.it/k1qeiop5un671.jpg?width=340&format=pjpg&auto=webp&s=6f02f4b7e41f2478b41de18e6f6dedaab83fb105) + +&#x200B; + +So be chill. Stay out of other stock subs, especially the more popular ones, if all you're going to do is spam Superstonk stuff to their members. This action is a punishable offense by the top admins of reddit if proven to be true, ultimately leading in subreddit termination -and besides- we don't play like that. Let's keep it excellent, and keep it contained to our beloved jungle, Superstonk. ✌ + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# We Like the Company! We Support the Company! + +&#x200B; + +&#x200B; + +Obviously you're a shareholder because you love Gamestop and have high hopes for its future. Supporting the company you love on the retail front is a great way for a shareholder to ensure a business' success! Here are several ways you can show your public support for Gamestop; + +* [**Shop at Gamestop.com**](https://www.gamestop.com/) **🛒** +* [**Become a PowerUp Rewards Member**](https://www.gamestop.com/poweruprewards/) **✊** +* [**... Which gets you a subscription to Game Informer Magazine**](https://www.gameinformer.com/) **🚀** +* [**Follow Gamestop on Twitter**](https://twitter.com/GameStop) **🦍** +* [**Subscribe to Gamestop's YouTube Channel**](https://www.youtube.com/user/gamestopvideo) **🖍** +* [**Follow Gamestop on Twitch**](https://www.twitch.tv/gamestop) **🎮** +* [**Follow Gamestop on Instagram**](https://www.instagram.com/gamestop/?hl=en) **🌙** +* [**Follow Gamestop on Facebook**](https://www.facebook.com/GameStop) **🦧** +* [**Apple Devices- Download the Gamestop App**](https://apps.apple.com/us/app/gamestop/id406033647) **(Link to App Store) 🍌** +* [**Android Devices- Download the Gamestop App**](https://play.google.com/store/apps/details?id=com.gamestop.powerup) **(Link to Play Shop) 📈** +* **Brands owned by Gamestop; ThinkGeek, GameInformer,** [**MicroMania**](https://www.micromania.fr/)**, and** [**EB Games**](https://www.ebgames.ca/) **💎** + +Please remember apes, as you are interacting with Gamestop Social Media, that their objective is to reach gamers and promote their brand to their demographic. Yes it's fun when they tweet MOASS and Chickie Tendies, but let's not flood them with comments about Ken, Naked Short Selling, and Mayonnaise. Let's show them support by joining, contributing to, and expanding their robust community of gamers! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🚨 Reddit down 🚨 + +# With Reddit having issues during high traffic, exciting moments in this saga, we have discussed what to do if Reddit has an outage. + +**IF REDDIT GOES DOWN AT A PIVOTAL MOMENT A LARGE PORTION OF THE MOD TEAM IS ON TWITTER.** + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +**IF THERE IS SOMETHING BIG GOING ON WHILE THE OUTAGE IS HAPPENING WE MAY ALSO UTILIZE THE "EMERGENCY BROADCAST SYSTEM" TO RELAY INFO:** + +[SuperstonkLive YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***OOK OOK*** + +***"I may have been early, but I am not wrong"*** + +&#x200B; + +https://preview.redd.it/yo5dzwrson671.png?width=1600&format=png&auto=webp&s=a758ac81941c9f831a8e37e31a07b1f2cf5512ee +Good evening everyone, + + +Its well known that the last few years have taken their toll on doctors, nurses, allied health (physios, dieticians, speech path's), social workers and well the entire health field and everyone is really tired. I'm not surprised quite a number of health workers have left the industry for better pay, less stress and better conditions while the ones who chose to stay are exhausted due to the the massive backlog of work. I'll be honest, I don't hate nursing but I don't love it either and only see it as a means to and end. Ill go even further and say if someone offered me a higher paying secure job (any secure six figure government job) or my actual dream childhood job (firefighter) I would jump ship really quickly. + + +I'm just a bit curious as to where all you former health workers have ended up and how they are going ? Are you happier and satisfied overall ? + + +Anyway hope everyone has a happy new year. Take care of yourselves tonight and stay safe. +I'm thrilled so many of you were able to read yesterday's [POST](https://www.reddit.com/r/Superstonk/comments/nqzo1o/i_got_what_you_quant_6221_trading_analysis_and_a/?utm_source=share&utm_medium=web2x&context=3), I really like some of the conversations it's started among 🦍, and especially between 🎮🦍 and 🦍that like movies. Thanks for all the awards, and for everyone that's sent me messages, please be patient, I'll try and respond when I get a chance. If you haven't read the 6/2 analysis post, I advise doing so now. Before today's tea, I wanted to address newer and young 🦍ling's - The action today, especially in the movies, highlights how critical it is to **REMOVE ALL STOP LOSS ORDERS**! Set pricing alerts if you're concerned, reassess things at that time, and if your investment doesn't make sense to you anymore or a narrative has changed make changes as you see best fit, but having stop losses in place plays directly into Citadel's HFT algos that hunt for stop losses and cause paper hands. Don't invest anything into any stonks you can't afford to lose. Understand, the 💎🖐 shown from more seasoned 🦍 that like movies, that were on full display today when the stonk lost half it's value from premarket highs, have been forged through the trials and tribulations on 2021. If you still like the movies, don't be ashamed or regret if you 🧻🖐, learn from it, and understand you are up against incredibly sophisticated HFs & MMs that earn $BILLIONS upon $BILLIONS every year trading. If this seems overwhelming or too difficult, that's normal. Determine your own risk tolerance, and if being involved in this saga seems too high, nothing wrong with sitting on the sidelines and watching the show. This is not financial advice, and please don't be offended if I ignore the questions or messages that I feel like should directed to a financial adviser. THIS IS A MOVEMENT. + +&#x200B; + +Tea Time! New day, more data, thesis from 6/2 remains unchanged. The linear relationship between GME-AMC further deteriorated, and the logarithmic relationship remained the same. Here's a pretty picture - + +&#x200B; + +[6\/3 Update - Plot of AMC and GME closing prices - LOG R\(sq\) = 0.72; Linear R\(sq\)=0.42](https://preview.redd.it/3dc7uceqz3371.png?width=726&format=png&auto=webp&s=97a8d545e659e8a19f2f9255d0d27981abc54273) + +&#x200B; + +Before giving my thoughts on today's trading, I'm going to try and clarify some things from yesterday's post. Scroll past if you just want to get to today's tape - + +\------------------------------------------------------------------------------------------------------------------------------------------ + +* Some 🦍 with statistically savvy wrinkle 🧠's had some good input on R^(2), but there still seems to be some confusion on the point I was making. Using statistics for financial risk analysis is very different than the textbook "hypothesis" testing used to analyze data to determine dependency - i.e. do the numbers in data set "A" influence data set "B" in a significantly important way. In financial risk, this doesn't matter, because VaR is not trying to prove anything, rather VaR recognizes relationships exist, and correlations with low R^(2) are weighed less heavily than higher R^(2) in the linear algebra/matrix multiplication that gives a single value for a large set of data. I'm going to try and put something together soon that looks into all meme stonks, but until then, I recommend learning more about matrix multiplication and linear algebra if you're into that sort of thing and want a deeper understanding. As a preview, here's a snapshot of example of the matrices my VaR model generates from my pre-pandemic portfolio - + +[Correlation Matrix](https://preview.redd.it/u03ae68j54371.png?width=785&format=png&auto=webp&s=95aa2f34d589b96003a20964d6820888b7d1710d) + +[Covariance Matrix](https://preview.redd.it/54xnaokp54371.png?width=770&format=png&auto=webp&s=81fb0676e9824b2c57e92a6eda60b9de34060f2f) + +* There was also some talk about removing "outliers" from the underlying data to improve the linear R^(2). **This is a MAJOR NO in risk analysis**. When your data sets suddenly present outliers, that means it's time for a closer look into the data and some critical thinking, because sudden outliers signify trend changes and potential tectonic shifts that can quickly blow out your VaR if not closely monitored. This usually leads to portfolio rebalancing to get your risk back down to the desired level. +* I saw lots of comments calling for a $100 AMC ceiling/price target. I want to reiterate, if AMC gets to that level, it does not mean AMC immediately gets dumped, and could even mean the complete opposite. The importance of $100 AMC is that is the point of parity between GME and AMC for hedging, and past that level, any hedge an AMC long position gave to a GME short position begins to quickly deteriorate. Mathematically, this is explained through calculus, i.e. if f(x) = ln(x), then f'(x) = 1/x and the mathematical principle 1/ ♾ = 0. +* More on the important difference in linear and logarithmic correlations, specially in regards to GME prices. **When AMC and GME shared a linear correlation, the magnitude of price changes throughout the trading day candles was very similar. Now that the linear relationship has deteriorated, and the logarithmic relationship has strengthen, the magnitude of GME price change candles is reduced relative to AMC upticks, and amplified by AMC downticks.** This goes back to the calculus involved with logarithmic correlations given that f(x) = ln(x) and f'(x) = 1/x. + +\------------------------------------------------------------------------------------------------------------------------- + +After today's trading, I am more confident in the thesis laid out yesterday, and excited to see what tomorrow brings with option expiry. Please take a moment to reflect on the comment the CEO of AMC made today after they announced the 11 million share offering - + +&#x200B; + +"*Our current market prices reflect market and trading dynamics* ***UNRELATED*** *to our underlying business, or macro or industry fundamentals, and we do not know how long these dynamics will last" -AA* + +&#x200B; + +**ATTENTION 🦍!!! THE CEO OF THE MOVIES** **~~CONFIRMED~~** ***PROVIDES FURTHER EVIDENCE SUPPORTING*** *(Edit 2)* **THE THESIS LAID OUT YESTERDAY!!!!** + +Now, did he say verbatim that 🔔a💩 is manipulating the the stock higher due to a dynamic in the stock price that has made it a hedging tool against GME shorts? No, because the PR teams that release public statements from CEO's aren't that blunt, but given what we discussed yesterday, 🦍 can read between the lines, well, at least those that can read... + +&#x200B; + +Time for another pretty picture - + +[Today's Clues - Note Pink and Yellow Circles](https://preview.redd.it/jssbkzde74371.png?width=1668&format=png&auto=webp&s=11522658acb3a50fa7f301443581ebb6029bf34d) + +&#x200B; + +Main points I want to touch on, are the pink circles really highlight more evidence in support of yesterday's thesis. I am interested in what happened the last 30 min of the day though, and I want to reiterate this point - + +* **When AMC and GME shared a linear correlation, the magnitude of price changes throughout the trading day candles was very similar. Now that the linear relationship has deteriorated, and the logarithmic relationship has strengthen, the magnitude of GME price change candles is reduced relative to AMC upticks, and amplified by AMC downticks.** This goes back to the calculus involved with logarithmic correlations given that f(x) = ln(x) and f'(x) = 1/x. + +In the last 30 min of today's trade, it seems like this started to breakdown, so it might be a sign things are changing once again. We'll know more tomorrow. + +**TL/DR (for🦍 that can't read) :** + +💎🖐🦍➡💩a🔔🎆➡🔥🚀🚀🚀🌙➡🍗🍗🍗 + +&#x200B; + +**EDIT 1:** Shoutout and thanks to the Mods for **SATORI!!!** There's no way yesterday's post would have reached as many 🦍 as it did without it! Also, grammar.... + +&#x200B; + +**EDIT 2:** Changed ATTENTION 🦍!!! verb to be less definitive + +&#x200B; + +**EDIT 3:** I've gotten many requests to share the data points I've used. I pulled all the pricing data from yahoo finance and used excel. [GME Data](https://finance.yahoo.com/quote/GME/history?p=GME) [AMC Data](https://finance.yahoo.com/quote/AMC/history?p=AMC) + +&#x200B; + +**EDIT 4:** For those visual learners, cred to u/omishikenshin recent post showing the dynamic tick for tick here - [https://www.reddit.com/r/Superstonk/comments/nrh23o/when\_kenny\_copied\_someone\_else\_homework\_and\_got/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/nrh23o/when_kenny_copied_someone_else_homework_and_got/?utm_source=share&utm_medium=web2x&context=3) + +\---------------------------------------------------------------------------------------------- + +**EDIT 5:** I intentionally did not mention "short squeeze" after AA's comment because I do not think this is main driver of AMC's price at this point, but have seen many questions about it, so I'll share my opinion. It's impossible to know if the buying pressure from short's covering is done yet. I've seen posts stating the short positions haven't covered, but only the SHF know for certain if they have. Here's some key facts to consider to help draw your own conclusion - + +* Since 5/27, approximately 4 billion AMC shares have been traded +* AMC had a float of \~450 million shares on 5/27, and since has completed two share offering, increasing the float another 20 million shares to \~470Mil +* From the 13F, on 4/1, 💩a🔔 owned 724,599 AMC shares and 4,110,000 Calls. I don't know what they own today, but have seen posts claiming 11 million AMC I did not verify, because that is a drop in the bucket compared to the share equivalent of their calls. On 4/1, AMC was in the single digits and I believe the highest strike price available in the option chains was 40. This means every call 🔔a💩 still owns from their 13F filing is now in the money. **I don't know how many calls they still own**, but because each option contract is for 100 shares, **IF** they still own 4M+ calls they are effectively long over 400,000,000 shares. That would translate into 💩a🔔 owning \~85% of the float (400mil/470mil). After AMC's latest share offering, I believe the total number of outstanding shares is approximately 525 million. With 400,000,000 shares, 💩a🔔effectively owns 76% of all AMC stock (400mil/525mil). +* 💩a🔔 is the largest market maker in the industry. They handle \~50% of all retail orders, \~25% of all market orders, and nearly 100% of retail option trades. This is not just AMC. This is every stock and ETF in existence. During the regular market trading session, 1/4 of the ticks higher or lower in ANY stock or ETF in THE ENTIRE MARKET are a result of 💩a🔔 putting their high frequency trading algorithm to use. Let it settle in for a second. Every time you check yahoo finance or refresh your favorite broker app, the 25% of the time the price you see is the price 💩a🔔 executed a trade for ANYTHING. + +So given the facts, IMHO, I think any SHF that wanted or needed to cover their short has at this point because 4 Billion shares have traded hands, and 20 million fresh, real shares have been created. I do not believe all shorts have covered, but do think the ones that were forced to have. I do think SHF naked shorted AMC, but nowhere near GME, because fundamentally movies were always going to reopen after the pandemic - the product they sell is an experience with many repeat buyers, not a "dying brick and mortar retailer" selling "one time purchased goods". Also, it's much easier for MSM to shout "LOOK, SQUEEZE!", because to an untrained eye that's all AMC recent price rise looks like. One of the biggest lessons all 🦍 should take away from everything happening right now, is the MSM is owned by the extremely wealthy, they control the message broadcast to the peasants, and that message is always going to be aligned with their interests. Shout out to u/omgheatherjana offering more insight into the MSM here - [https://www.reddit.com/r/Superstonk/comments/nrjcpo/media\_theorist\_here\_lets\_talk\_about\_how\_to\_talk/](https://www.reddit.com/r/Superstonk/comments/nrjcpo/media_theorist_here_lets_talk_about_how_to_talk/) + +&#x200B; + +This edit ended up being a mini post, but my final thoughts and disclaimer. I was a movie 🦍 until I looked more into 💩a🔔 13F, and 2 weeks ago sold and moved those 🍗🍗 over to GME. Wrote a post stating it [HERE](https://www.reddit.com/r/GME/comments/nh6iz0/the_investment_opportunity_got_me_involved_but/?utm_source=share&utm_medium=web2x&context=3). I do own AMC puts to hedge my GME shares based off the DD's I've shared. Unlike GME, I am not as well versed in how deep SHF are short AMC, AMC FTD's, or the estimates for movie liking🦍's ownership of the float. I fully support movie liking🦍's, and if they continue to like the stonk and 💎🖐, AMC likely goes higher. AA now has fresh capital and new shareholder engagement that undoubtedly adds fundamental value to the stonk. I simply like GME, RC, and exciting potential of NFT integration more than the movies. **The $100 AMC price I've mentioned is not a ceiling, price target, or price level destined to result in an immediate share dump, rather, I think it's the price GME and AMC go their separate ways and begin to write independent stories.** There are still many AMC shares sold short, and covering those shares has and still will impact the price, but **I believe since 6/2, short covering has not been the PRIMARY driver of AMC share price**. GL and Goodnight to all you 🦍s. + +&#x200B; + +&#x200B; +Although I don't believe it literally, I think there's some truth to be found in the saying "*If you want to make God laugh, tell him your plans*." + +I have a pretty small social circle (it's more of a dot) anyway so while my girlfriend and parents both know I've invested *some* money (read: YOLO'd) in the stock-market that's about as much as they know - my girlfriend saw my proxy voting materials and saw that they were for GameStop but she's still about as clueless to trading and the market as I was just a few months ago and actually basically still am. + +So she's been having a really hard week at work and texted me today that she feels especially exhausted, overwhelmed, and is starting to hate her job (so, typical wage-slavery) - a job she *just* started that was supposed to be a huge improvement in nearly every area over her last one and related to the field she's interested in. + +I so desperately want to be able to tell her to stop worrying, that we're going to have a fuckton of money soon but really I can't make that promise because I don't actually know that for certain, as convinced as I am personally. I'm *pretty sure* but I still can't make that leap to bring her hopes into my gamble. + +For similar reasons I've never tried to convince anybody else I know to 'buy-in', although I can already predict some future "If you knew why didn't you let me know so I could be rich too?" situations and the answer is pretty simple - I don't want to be held personally responsible for someone potentially *losing* a lot of money, whether by paper-handing during a dip or selling too early on the way up and having to live with an insane amount of lost profit. As much as I love this community I can also see how from an outside perspective it initially seems to share some characteristics with very insular conspiratorial communities but for me personally, that doesn't matter because I like the stock and I like /r/Superstonk. + +This particular 'conspiracy' just happens to be 100% true and yes, they do all say that but again, doesn't matter - time will almost always reveal what is true and what isn't. + +I missed the buttcoin train years ago but I was lucky enough to not be too late for this rocket - I just hope as many other people catch a ride as they can *without* me having to convince them or proselytize. + +To those of you who have talked your friends and family into Ape-hood good work - I know they will appreciate you later - it's still not something I can bring myself to do. + It’s honestly such a relief for this to finally be out there and acknowledged. + +[@engwind\_art](https://twitter.com/engwind_art) + +and + +[@ProtocolGemini](https://twitter.com/ProtocolGemini) + + Have been keeping this a secret for so so long. Our favorite stock and NOW our favorite + +NFT marketplace! + + + +Feel free to ask us any questions below! + +**|** + +**V** + +(we won't answer only if we CAN'T answer ) + +https://preview.redd.it/pbpj3h6n3ec91.png?width=576&format=png&auto=webp&s=675b26be3a9cd84c22771e46128bc065540053a0 +Apes, + +[https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/DTC/SR-DTC-2021-005.pdf](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/DTC/SR-DTC-2021-005.pdf) + +starting from page 42 you get a disclosed comments regarding rule SR-DTC-2021-005 with NAMES and E-MAILS. + +Everybody, who send comments, please be careful. You might get unnecessary attention.I recommend you changing your password on e-mails and enabling 2FA. + + +EDIT1: /u/FordicusMaximus made a best security practises. + +[https://www.reddit.com/r/Superstonk/comments/nojpde/best\_security\_practices\_for\_protecting\_self\_and/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/nojpde/best_security_practices_for_protecting_self_and/?utm_source=share&utm_medium=web2x&context=3) + +Edit2: +Check out comment https://www.reddit.com/r/Superstonk/comments/o0n8li/apes_who_wrote_regarding_the_rule_005_your_email/h1w1675?utm_medium=android_app&utm_source=share&context=3 +I love NFT tech and the things that can be done with it, but I hate how almost all the big NFT projects are useless nonsense. Between the ugly profile pictures and virtual “real estate”, the entire industry gets such a bad reputation. The down market has seen a major decline in the value of these types of projects. The floor price for a Bored ape is down from a peak over $420k to being worth under $100k. + +Hopefully this means that the focus will shift away from this type of “art” with no real value and go towards using NFT tech in ways that actually leverage the tech to do something useful. Companies like GET Protocol using NFTs for tickets and Balcony DAO using NFTs for real estate make so much more sense than [literal shit NFTs](https://nftevening.com/ill-poop-it-x-shitbeast-nft-collections-trending-whats-wrong-with-us/) trading at an average of 1.5 ETH. +Not only have retail investors been liquidating other assets to jump into GME to participate in the movement, hedge funds are also liquidating their other assets in order to sustain themselves throughout this short squeeze. I fear it is only going to get worse and worse as these hedge funds continue to double down, seek market manipulation maneuvers, get cash injections from others, etc. + +I'm riding the GME train as well because fuck Wall Street but this short squeeze is likely going to burst the bubble that everyone has been fearing for. Please be careful. +Maybe movement from leadership on some of these concerns will help with personal panic that might be showing up in the markets and might provide some relief to investors. The fact that it's the Treasury Secretary working with Pelosi demonstrates that they do connect what's happening in the market to some need for action on pandemic issues. + +>"House Speaker Nancy Pelosi says that she and the Trump administration are close to agreement on a coronavirus aid package to reassure anxious Americans by providing sick pay, free testing and other resources, hoping to calm teetering financial markets amid the mounting crisis." + +[https://www.marketwatch.com/story/pelosi-says-agreement-near-with-white-house-on-virus-aid-2020-03-13?mod=home-page](https://www.marketwatch.com/story/pelosi-says-agreement-near-with-white-house-on-virus-aid-2020-03-13?mod=home-page) + +While this doesn't actually solve the problems of the economic toll that comes from relying on social distancing and self-isolation as a pandemic response instead of vigorous tracking, treatment and containment, it's at least something concrete that addresses some of the concerns of workers and their families. +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! + +About 3 months ago there was a post on AusFinance asking for reviews and insights on a Sydney based investment firm called Kosec. I didn't think much of it at the time and there was pretty low engagement with the post. + +Fast forward to last week; there was a flood of positive comments from 1 day old accounts, all using similar language and consistently praising the firm. + +The overly favourable comments *exactly* match the reviews left on Google for this firm. + +The AusFinance auto-mod catches sub spamming and bot accounts so thankfully no astro-turfing ever sees daylight. + +I rang them today to ask about this and they denied any knowledge of the (alleged) attempted manipulation, insisting they were genuine reviews. + +I would not be surprised if their Google reviews are also fake/paid for. + +I personally would not trust a firm that engaged in this type of (alleged) behaviour. Beware. +We all know it is necessary in order to curb inflation, but the US is in a situation where a large portion of its debt is financed in the short term and will need to be refinanced. + +According to usdebtclock.org, our current annual interest payments are the 4th largest item in the US budget at almost $447 billion per year. +https://usdebtclock.org + +According to the treasury we have approximately $3.64T in bills (maturities up to 52 weeks) and $13.7T in notes (matures in 1-10 years). + +https://fiscaldata.treasury.gov/datasets/monthly-statement-public-debt/summary-of-treasury-securities-outstanding + +According to this our current average interest rate is 2.07% + +https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/ +(I wonder who put the quote from Benjamin Franklin on this) + +I haven't found anything to break down the debt into more detail, but according to this as of September 30th 2020 about $13.1T was maturing in the next 4 years. + +https://www.gao.gov/americas-fiscal-future/federal-debt + +With all of this, how does this not absolutely implode the US dollar? It has appreciated relative to other countries at an extreme rate this year. As our interest expenses continues to amplify relative to tax receipts, what is going to happen? +What is a smart contract? How do smart contracts work? And what are they good for? I'll try to answer these questions in this post. + +## What are smart contracts? + +A smart contract is an agreement between two or more parties in the form of computer code. The contracts are stored on the blockchain and cannot be changed. Transactions that take place in a smart contract are processed by the blockchain, which means they can be sent automatically without the intervention of a third party. When you enter into an agreement with a smart contract, no confidential advisor is required. The transactions only take place if the conditions in the agreement are met. + +## What can smart contracts do? + +Smart contracts help you exchange money, stock or anything else of value in a transparent, trustless manner, all while avoiding the services of an intermediary and the possibility of conflict. Smart contracts provide you: + +* Autonomy - You are the one who makes the deal and you don't have to rely on an intermediary to confirm transactions. The execution is automatically managed by a decentralized network, which excludes manipulation of contracts. +* Speed ​​- Automated contracts can save you hours on manual paperwork. +* Security - Smart contracts are secured with similar cryptography that encrypts websites. In short, it keeps your documents safe. +* Savings - Because they disable the presence of an intermediary, smart contracts can save you a lot of money. Where, for example, you would normally have to pay a notary to witness your transaction, this is now regulated by the blockchain. +* Backup - Unlike files on your computer, data on the blockchain is duplicated many times over. So you do not have to be afraid of losing something that is registered on the blockchain. Also, there is no way anyone can say they lost the contract or the dog ate it. + +## A smart contract in effect + +As an example; If you were to register cinema tickets on the blockchain using a smart contract, then as a visitor you will receive the tickets in your personal wallet. You only have to show the address to which the tickets were sent upon entry and the cinema can immediately be sure that you do not have any fake tickets and that you have actually paid for your tickets. This gives a better customer experience and the cinema can save a lot of costs in this way because it no longer needs ticket processing services. + +## But why is this so safe? + +Thanks to blockchain technology, we can decentralize smart contracts so that they are fair and trusted. Decentralization means that they are not controlled by one central party, such as a bank or the government. + +The blockchain is a shared database managed by many different computers (nodes). As a result, not one person or company has control over it. It also means that it is almost impossible to hack it and therefore smart contracts can be executed securely and automatically without anyone being able to change them. + +## Best practices for smart contracts + +In principle, smart contracts can be used for any type of transaction, it does not have to be financial. Here are some industries where smart contracts can be used conveniently. + +## Insurances + +The insurance world could be shaken up considerably by blockchain technology. An example of a smart contract was a project run by a French insurance company called AXA. AXA offered flight insurance that were paid out if the policyholder's flight was delayed by more than two hours. AXA was running a pilot project that payed out insurance via smart contracts on the Ethereum blockchain. Unfortunately the project has been discontinued. + +The smart contract worked with an “if / then function”: IF the flight was delayed by more than two hours, THEN the policyholder would be paid. Because the smart contract was connected to a database that keeps track of flight times, the function could be performed automatically and paid for via the Ethereum blockchain. This would have saved a lot of time for AXA, but also for the policyholder. This is just one example of the many options that smart contracts offer. + +## Healthcare + +Within healthcare, smart contracts will be used to record and securely transfer data. We can already see examples of smart contracts used in the medical industry, such as the company Encrypgen, for example. This is an application that uses blockchain to transfer patient data in a secure manner, eliminating the need for third-party access. In this way, the patients are in control of their own data. If researchers want to use patient data, they have to pay for it. The patient also chooses whether the data may be sold or not. + +## Governments + +Governments guarantee that it is extremely difficult to manipulate the voting system, but despite that, smart contracts could alleviate all concerns by providing an infinitely more secure system. Smart contracts could also prevent low voter turnout. Much of the small turnout is due to a clunky system consisting of lining up a queue, showing your identity, and filling out forms. With the use of smart contracts, anyone can transfer their votes securely online, which is expected to generate much more response. + +## Business management + +There is still a lot of room for improvement within business management and smart contracts can help a lot. Why do administration when everything is registered on the blockchain anyway? Right, the blockchain is already doing the work for you. You also do not have to make a pay slip every month. The money automatically goes to your employees as soon as they have fulfilled the agreements. Companies can simply set up a smart contract that states: IF the date is 10/20/2020, THEN $2500 will be sent to employee A. This means that employees will always be paid on time and that they will never be underpaid. The advantage of the company is that it is all automated, saving them a lot of time and money! + +## Fundraising (ICOs) + +In principle, anyone could create their own token and sell it to the general public in order to raise money for a project. In 2017 there was a real ICO craze, where some projects managed to raise tens of millions within hours. There was even an EOS ICO that lasted for a year and racked up more than $ 4 billion in total! + +If you want to organize an ICO (Initial Coin Offering) you create a token and a contract to sell the token. The function of the smart contract in this case would be: if person A sends an X amount of ETH, person A gets an X amount of tokens. + +## Smart contracts in a nutshell + +The most important features of a smart contract are: + +* Digital Agreement - A smart contract is an agreement in the form of computer code. +* Blockchain - Transactions are processed by a public database, based on blockchain technology. +* Confidentiality - A transaction can only take place if the conditions in the agreement are met. + +## Conclusion + +It will be a while before smart contracts are everywhere in everyday life, but we can say with some certainty that the technology has a lot to offer. + +I hope this post helped you with: + +* Getting a better understanding of smart contracts +* Understanding the significance of smart contracts within the crypto space. + +&#x200B; + +* Next post: [NFTs](https://www.reddit.com/r/CryptoCurrency/comments/mexb51/defi_explained_nfts/) +* Wondering which crypto wallet you need? Check my post about wallets [here](https://www.reddit.com/r/CryptoCurrency/comments/mdjsrj/defi_explained_defi_wallets/). +First of all when I say I vetoed it I mean I said "No. I would not go there if I were you. That is a bad idea and you will regret it in adulthood." Which is essentially the same as vetoing because my little sister really looks up to and admires me so takes my opinions as law. I could tell she was crushed after I said this, probably too harshly, but that's more r/relationships so I won't worry about it in this post. + +Only one of my parents works. They make about 140k a year before taxes but is about to accept a lower paying job (120k) that's more fulfilling/better for the world/etc. There are three of us kids. We live in one of the top 5 most expensive cities in the US. Basically what I'm saying is while we are never hurting for money, we don't have a ton of excess beyond. My parents have been fantastic about paying for extracurriculars, club sports, camps, whatever myself and my siblings expressed interest in growing up. Just great parents and super supportive. + +Which is why they are really mad at me for saying this to my sister. The school she is looking at as her number one pic will cost around $66,000 a year including everything, tuition room and board etc. + +I went to community college for the first two years and then a public state university. I got a scholarship for women in sciences that paid for my entire last year of school. I worked all four years as well and only took out one small loan which I have since paid off. My parents paid for about half of my degree (the community college portion). I have zero debt now for which I am extremely thankful and grateful to my parents. I also am an engineer so make ok starting salary money (55k pre taxes). + +Sister on the other hand wants to major in political science. I have seen my liberal arts major friends cry with frustration at the pressure of having so much debt and such low paying starting job prospects. I've heard tales of people paying off their loans for 20 years after graduating. I DONT want that stress for my little sister, who has never even had a job yet (no time since she's so busy with sports and clubs and whatnot). I of course want her to study whatever she's passionate about, but not somewhere that's going to gouge her financially. She may get some merit scholarships if she applies as she is an excellent student, but I doubt much financial aid due to my parents salary bracket. + +Basically what I'm asking is is this just the norm now? Is it ok to spend 250k on your undergraduate degree??? I was always under the impression that medical school and law school were pretty much the only excuses to be spending that much. And if I AM being reasonable, what can I tell my parents/sister to dissuade them or make them understand the reality of that amount of debt? + +I love my parents, and they want to retire soon. I love my sister, and I don't want to see her drowning in payments down the line. And my little brother hasn't even applied to schools yet so that's another expense a-waitin''. + +Feel free to tell me I'm an idiot if I am being one. Thanks reddit + +Ps typed on my phone hence the awful mistakes. SORRY! +**DISCLAIMER FOR THE SEC INTERNS: THIS IS NOT FINANCIAL ADVICE, I JUST FUCKING LOVE THIS STOCK.** + +HEY RETARDS, STOP BUYING AMC, BB, NOK, SLV, OR LITERALLY ANYTHING BESIDES GME. THE MEDIA AND HEDGE FUNDS ARE TRYING TO DISTRACT YOU FROM THE FACT THAT GME IS THE ONLY STOCK THAT MATTERS. **LITERALLY ANY OTHER STOCK ON THE MARKET THAT IS NOT GME IS A DISTRACTION.** + +THIS IS A ONCE IN A LIFETIME GOLDEN FUCKING TICKET TO u/deepfuckingvalue's TENDIE FACTORY. + +$1,000 IS A JOKE. $10,000 IS CONSERVATIVE. $100,000 IS POSSIBLE IF WE STOP BUYING INTO THEIR BULLSHIT AND HOLD THE FUCKING LINE. + +I LOVE YOU ALL, BUT SOME OF YOU ARE NAIVE AND OBLIVIOUS AS FUCK. + +MAKE THEM SUFFER FOR ALL OF THE BULLSHIT THEY'VE PULLED ON US OVER THE YEARS. + +CONSIDER THIS TO BE FORCED REPARATIONS PAYMENTS FOR 2008. + +FUCK THE SUITS. POWER TO THE PLAYERS. + +Positions: WHAT THE FUCK DO YOU THINK? ALL IN GME🚀🚀🚀🚀🚀 + +EDIT: Thank you to all of the brilliant economists in the comments for letting me know that $100,000 per share would crumble the global financial system. No shit. It's obviously not going to happen, but in theory it could. If literally every single person held, the hedge funds' prime lenders would have to liquidate everything and pay us whatever ransom we want. + +**FOR THE PEOPLE WHO HAVE TO WEAR HELMETS IN THEIR CARS: The point is that we are in control, NOT that you're going to make $100,000 per share.** + +EDIT 2: Holy shit it's worse than I thought. If you can't afford GME, respect. Buy some AMC and fuck the suits that way--but for the people who can afford to choose, **GME IS THE ONLY ONE WITH A SHORT INTEREST WAY ABOVE 100%.** +I like AMC, BB, and NOK, too, but I really don't think you guys understand the GME situation. We caught the bastards who have been fucking us our whole lives with their pants down. They have shorted more shares than exist. We own the shares. BUT THIS IS ONLY TRUE OF GME. (Yes I know AMC has a huge short interest too, but GME is on a whole different level.) +hi, i'm prog. first sorry for my bad eng. + +i started forex trading in one year and half ago and now, i want share my own experience in this battle. + +when i found trading, i was like why i didn't found it before? i tried many job before that. selling, book editor, storage guy... in study and collage side, i'm a law student in iran. and if you know our country, all law system in iran isn't a LAW, it's a Ideological system. i don't want make upset or angry all Muslim members of this community but with islam you can't control and govern a country in 21 century. islamic republic just bureaucratized islam and of curse it's not work at all and result will be a TOTALITAIRE and religion- fascist system. so i don't want lick the Mullas and Akhonds ass to be success in law job. and of course all of this story, made a new wave of depression in me. but, i find forex trading. + +trading is really match and fit with my personality. i'm a anti social guy that don't care about what my boss say or that stupid man want to buy that shirt or not. so, something like a big lucky happen and i found forex trading. + +first i start, i think everything will be cool and something like i found a mountain of gold and cash. i think maximum in 12 week, i will be reach as fuck and i will swimming in money. but it's not happen. + +i begin with minimum account as it possible in my broker, meant 15 dollar with 1000 leverage in mt4 cent account. my argument was that if i can do it, i can do with 15 dollar and if i can't, i can't even with 1 million. in something like 44 week, i just focused on technical analyze and indicators and different timeframes without money management. i wrote strategy and delete it, wrote and delete, wrote and delete and still loosing money. i tried everything, MacD, Rsi, Stochastic, MA and Others but i learned indicators will not work at them self. there's is a trap in this job that we can call it OCD. be careful about it. this will destroyed your soul and mind. and after that i just focused in Price Actions. i focused in Support and Resistance, Market Trend and Candlesticks signals. i really wanna tell to you that my all trading experience was bullshit. everything i need was in price action. i don't wanna i'm success now but i'm not a stupid trader anymore. i using M.A.E.E. Strategy, Break and Retest and double, Triple and H&D in H4 with Candlesticks signals. also i analyze in Daily and if i can see candlestick signal in daily, i will trade. i use a money management that still keep me in market. maybe you don't know what's that meant but i blow something like 20 account and now, i still alive in market and for me, it's a huge big step. also i still have some psychological problems. for example sometimes i closed my trade with 50 pip when i know that will go more like 150 pip and it will. another example is i really can't decide that i just need one timeframe meant h4, or multi timeframes meant h1,h4 and daily. you know, sometimes i think i need to back to h1 and trade short, cuz i'm not good at holding positions. it's actually a big mistake for me. whatever, i don't want quit of trading, i find my own job and i really really love it. in our country we have a quote that said "koonesh pare shod" it's meant his/him ass is ripped. this quote use when we want to say he or she really have hard work and hard times to do a job. so yes my ass is ripped by market but it's a part of nature of this job. i hope all of you be success and swim in money. sorry for long text. +Looking for some opinions on Brookfield's separate stocks- Infrastructure, Real Assets, Renewables, etc. Do they all feed into BAM, or is it more of a pure play for those looking to bet on a sector that might out-perform in the future? Several of these companies seem to have under performed over the past few years, yet BAM keeps on compounding. I haven't dug too deep, just wanted to see some views on the company and it's parts. +This is the current state of Ethereum and Opensea, the premier NFT marketplace for Ethereum (atm). There are so many cool NFTs and projects I wanted to try, some for $200, a lot for as cheap as $10. Every time I wanted to own one, I think about paying an extra $200 for gas costs and it stops me. I have some LRC, if I decided I wanted to actually pay the gas costs, well, guess what? I have to convert my LRC back to ETH on layer one, and thats another \~$100 in gas costs just to swap back to Eth. Even if I only wanted to buy the $10 NFT. The total with swaps and gas costs ends up being $310. But if I want to buy 5, its $350. I'm not even going to mention the technical knowledge you need to actually do the above. It's not a lot, but it's a lot more than it should be. + +It distorts everything in the space and its ANNOYING AS FCK!!! + +The only people who don't care are those who have already made hundreds of thousands+, from NFTs, thanks to Jpow's printer finger. For anyone new, gas costs is a very annoying barrier. There is no mass adoption with that kind of barrier. Imagine as a kid trying to buy pokemon cards or games but with a $200 tax. None of these games would have ever taken off. That is the current state of the NFT space. + +Now with GME NFT Marketplace, imagine those gas costs disappearing to like $1 or $10 or less. I'm sure hedgies will try to collapse the space with Evergrande default blowing up crypto to try to tank NFTs and then pass regulations against crypto to "protect investors." + +Gamers won't give a fck. They'll be diving headfirst and TRULY exploring the NFT space finally, the way it was meant to be explored. + +I could not be more jacqued. My body is ready GameStop. Let's do this. Power to the players. +I've gotten wealthy enough that if I really want to buy something, I can afford to buy the best version of it. And I never thought I'd say it, but it's getting kind of bland. + +It's like every time you get the best, it gets a little less satisfying. I knew lifestyle inflation would kick in and I'd inevitably be compelled to upgrade over time. But what I didn't realize is that each upgrade feels less and less special. Like a drug addiction, you're upping the dose but the high is never as good. Going from Burger King to a Michelin star restaurant is a revelation; going from Le Bernardin to Noma is barely noticeable. + +I've been thinking about doing a 'luxury detox' to try and bring some of that amazement back. The idea would be to just take the things I like to indulge in and live a few months with decidedly mediocre versions of them. For example, instead of my stereotypical rich guy 911, I'd daily drive the family minivan for a month. It's not torture by any means - just a reset to remind me of how good the Porsche is. + +Many people talk about cutting their SWR if the market tanks or downgrading on luxuries they don't care about, but my motivation isn't financial. I just want to keep that feeling of wonder that these high end experiences used to trigger. + +I know it sounds ridiculous. To paraphrase my wife: "So you're rich and you want to LARP as a poor person so you can enjoy your rich person things more?". + +I mean... yeah. If it works. Anyone else done something like this? +*Video Summary:* [*https://youtube.com/watch?v=qWw418Ihc64&feature=share*](https://youtube.com/watch?v=qWw418Ihc64&feature=share) + +The next step for telecommunications around the world is 5G. In the US, the three largest providers in the field are Verizon, T-Mobile and AT&T. The question here is can they offer us a good return on our investment? The obvious choice for industries like telecommunications are the biggest players in the country. Like I said, in the US those players are Verizon, T-Mobile and AT&T so lets dig in and find out which one has the best bullish case. + +# Operations + +Lets start with operations. The amount of wireless subscribers is probably the most important metric to look at because it gives us a good idea of whether the operations of the companies are actually expanding. Plus, it is the main and biggest source of revenue for all three of these companies. Verizon has the most subscribers, currently sitting at 121.3 million, followed by T-Mobile with 104.8 million and AT&T with 97.8 million. Verizon acquired TracFone last year, which boosted their subscriber numbers, but apart from that there was no massive change in subscribers for any of the companies. Verizon has also recently broken the record for most awarded brand by JD Power for Wireless Network Quality with 27 consecutive number one awards. Good product quality is always important so that's a positive for Verizon in my books. Plus, they literally service 99% of the Fortune 500 companies and have partnerships with tech leaders like Amazon, Microsoft and Google. Right now, it seems like the main priority for all three companies is to improve their 5G network and capability. T-Mobile is the leader in 5G with best download speeds and highest coverage of 295 million having access to its 5G services, out of which 140 million people having access to its fastest service . AT&T's fast 5G coverage is only half T-Mobile's and Verizon is lagging behind with only a quarter of the fast 5G coverage of T-Mobile although their total coverage is similar to T-Mobile's. However, AT&T's 5G has a partnership with Microsoft Azure and Verizon's 5G has partnered with AWS. Such partnerships with major cloud providers are definitely a plus. + +Verizon had Verizon Media which comprised of brands like AOL and Yahoo, but Verizon sold its media assets to a private equity company called Apollo Global Management on the 1st of September. The media business was a relatively fast-growing part of Verizon so I'm personally not the biggest fan of that sale. Still, Verizon Media made up only 6.2% of Verizon's total revenue in Q2 so it is a fairly small segment, but it will affect Verizon's revenue and profit going forward. In comparison, AT&T owns Warner Media so you can tell it is a much bigger chunk of its revenue at 21.2% in the third quarter of 2021. They own HBO and HBO Max which have seen an additional 12.5 million subscribers in the past year to a total of 69.4 million subscribers globally. Unfortunately, the gains there were offset by less cinema screenings over the past year although things are obviously picking back up again and we should see better results in the next quarters. Some more bad news, AT&T will be spinning off Warner Media in mid-2022 so that means a big chunk of revenue will be lost next year! I think this will end up badly for AT&T, especially since Warner Media is one of their more profitable segments! Putting that aside, other revenue sources include wireless equipment sales which make up 16.3% of Verizon's revenue, 12.7% of AT&T's revenue and 23.8% of T-Mobile's revenue. Even though it's a big chunk of T-Mobile's revenue, the company actually saw a 5.9% decrease in wireless equipment sales while AT&T saw an 11.4% increase and Verizon saw a massive 30% jump in equipment revenues, which is another plus for Verizon although the question here is whether they can actually keep that up. + +# Revenue and Earnings + +Alright, so we now have a good idea of what operations Verizon, AT&T and T-Mobile have. What does their revenue and earnings look like though? AT&T has the biggest revenue at $39.9 billion in Q3 of 2021, down 5.7% from last year. Their total revenue for the last 12 months stands at $173.6 billion, which is almost identical to the same period last year, meaning there was no growth. Verizon follows in second place with a $32.9 billion revenue in Q3 of 2021, up 4.3% from last year. Their total revenue for the last 12 months stands at $134.2 billion which is slightly up compared to the same period last year when they had a revenue of $128.4 billion. Finally, T-Mobile brought in a revenue of $19.6 billion in Q3 of 2021 compared to $19.3 billion last year. Last year, T-Mobile saw a massive jump in revenue which was mainly because of their merger with Sprint which closed on 1st April last year, but the growth since then has been much slower. For the last 12 months, T-Mobile's revenue was $79.7 billion up from $60 billion last year, but again that's because of the two companies merging. Overall, Verizon and AT&T have seen a relatively small revenue growth over the last 5 years, less than 2% per year, and they only expect a 1% revenue increase next year. In comparison, T-Mobile's revenue has doubled since 2016, which is massive compared to Verizon and AT&T, but again only a small revenue increase of under 3% is expected next year. What about their earnings though? Verizon have the best net margins at 16.4% which have doubled from an 8% in 2015. Plus, Verizon raised their EPS guidance for 2021 by almost 5%. AT&T's normal margins sit at around 9% although they've had a 0.7% net margin in the past year which are due to write-offs and impairments surrounding their media business. Finally, T-Mobile have the lowest margins with 4.2% right now although their historical average is about 5 or 6%. T-Mobile also have a negative free cash flow unlike the other two, which is a bit concerning. It's not a one-off either as they haven't had a positive free cash flow since 2016! That is most likely due to their faster expansion because telecommunications is extremely capital-intensive, but it is still worrying to see that with T-Mobile. In 2022, AT&T is expected to see a 4.4% drop in earnings while Verizon's earnings are expected to stay essentially flat with only a 0.3% earnings growth, but T-Mobile is looking at a 39.2% earnings growth although that follows after a drop of 32% in 2021. I personally don't think we will see such a big growth from T-Mobile and, to be fair, analysts have been reducing their expectations, too. There are just a lot of uncertainties in the market and the economy and a lot can change over the next year. + +# Financial Health + +We can see that these companies are making a lot of cash, but how healthy are their financials? What does their debt look like? Well, surprisingly, AT&T has the lowest debt-to-equity ratio with a 100%, followed by T-Mobile with 106% and finally Verizon with 191.8%! However, Verizon has the lowest effective interest rate with only 1.88% compared to 3.07% for T-Mobile and 3.31% for AT&T. What that means is that even though Verizon has exactly twice the debt of AT&T, their interest payments actually are not that much higher! Also, telecommunications is a very capital-intensive business so this type of debt levels are actually normal for the industry. None of the three companies has substantial cash and none of them can cover their current liabilities with their current assets. However, their quick ratios are just under 1 so the situation is not that bad. + +# Dividend + +Before we move to the valuation, we need to look at the dividend. Telecom stocks are not typically fast growers so their dividend is important to investors. AT&T has the highest dividend at 9.4%, but they are expected to cut it by almost half next year following the sale of Warner Media. Verizon follows with a 5.1% dividend while T-Mobile does not pay a dividend at all! Both AT&T and Verizon pay a higher-than-average dividend. Both of them have increased their dividend every year over the last 10 years although Verizon is the company that can actually afford to pay it. Their payout ratio is 47% whereas AT&T's one is massive, 1,578% although that's skewed due to the write-offs I mentioned earlier. Still, AT&T has a historically higher payout ratio than Verizon so that's worth keeping in mind. Lets also take a look at share buybacks since they are another way of returning money to shareholders. Verizon and T-Mobile have not bought back any shares in the last 3 years, but AT&T has actually reduced their number of outstanding shares by 2.5% since 2018. + +# Valuation + +Okay, we've covered the dividend so lets value the companies. Are they cheap right now? Looking at their current PE, we can see that Verizon is the cheapest with 9.5, followed by T-Mobile with 39.8 and AT&T with 168.2. Obviously, the current PE can be misleading, but if we take a look at their forward PE, we see that AT&T is the cheapest with only 7.3, followed by Verizon with 9.6 and T-Mobile with 32. In terms of the Price-to-earnings-growth ratio, T-Mobile is the cheapest with a 1.11, followed by Verizon with 2.9 and AT&T with 9.6. Finally, AT&T is the cheapest in terms of book value with a PB ratio of 1.04, T-Mobile follows with 2.07 and Verizon with 2.93. + +# Conclusion + +How can we interpret all of this? Well, AT&T seems to be the cheapest out of the three stocks right now, followed by Verizon. T-Mobile is massively overvalued right now, most likely by investors betting on T-Mobile dominating the 5G market. I honestly cannot see the bullish case for T-Mobile though. Even if they completely dominate the 5G market, they still have such low margins, negative free cash flow and a lot of costs related to capital expenditure. I just don't see them justifying this high price any time soon, definitely not in the next 2 or 3 years. Despite being cheap, AT&T is also a no-go in my books. Why? Their main selling point is their dividend. AT&T will be cutting this in half while also selling their high margin Warner Media subsidiary. Essentially, there is no point to hold them for the dividend and they will also lag behind in revenue and profits so there is no value play there either. It just seems like their best days are behind them. They currently trade for $22.2 which is half of their all-time high back in July 1999. 22 years ago! They have not been able to come close to that price and, in my opinion, they will not do that in the next 5 years. Definitely not worth the investment. You can just stick your money in an index fund and you will get much better returns without having to do more than 5 minutes of research. Plus, AT&T's price is likely to drop further once the Warner Media sale is closed and their dividend drops. The only good purchase here is Verizon. They have a solid dividend, decent margins, they can provide stability during volatile markets. However, they are not expected to grow much. No growth typically equals no jump in price. We can value their free cash flow as much as we want, but if investors don't buy the stock, the price will lag behind the S&P. Still, I think there is a case for Verizon if we see continued inflation or an increase in interest rates. As I said, Verizon's dividend is also solid, which is great for income portfolios or for balancing out your risk. However, if you are looking for price appreciation, a simple US index fund like SPY or VGT will probably outperform Verizon. There are some companies that can offer you a better return so check out my stock picks here if you are interested. Let me know what you think about Verizon, AT&T and T-Mobile down below. + +P.S. This is one of the occasions where you spend a weekend researching companies only to come to the conclusion that S&P500 probably offers better returns! I hope you find this useful though :) + +*Video Summary:* [*https://youtube.com/watch?v=qWw418Ihc64&feature=share*](https://youtube.com/watch?v=qWw418Ihc64&feature=share) +Hi, I need to know if I'm crazy or just anything right now. I feel trapped and don't know what to do. I'm 20, and pregnant with my first kid. My bf, 19 and I have been living together for a year now. We've been renting a bedroom so far while looking for an apartment. We live in central/northern? california lol for reference a 1 bedroom goes for 1000 here and minimum wage is 14$ an hour. Well anyway hes excited about the baby and so am I. We finally applied to an apartment and they turned us down. This is the first we actually applied to. Then we got news that we have to leave before the 1st of February. Right now he is in panic mode and his mom keeps wanting to send him to Las Vegas because of the "better opportunities" and cheaper living. The reason I apposed this is because I think its crazy leaving my job and him aswell to try and see if things workout there. I'm already 2 1/2 months pregnant. I dont think we need to be taking risks. Also neither of us know what we're doing. I think staying near family is better for raising a kid we have no idea how were raising. Not only that but staying here my family would help with furniture and taking care of the baby but if we leave we dont have support from anyone. Hes so set on it that if I choose not to go he is going without me. His mom won't let it go either. He also wants to live in different households while we find out what we're doing because he's not comfortable staying with either of my parents and his mom doesn't want me at her apartment. Any advice? ANYTHING? Am I crazy here? Also feel free to ask any questions. +Edit: It feels like my bf talks more about all of this with his mom then with me. This is our design to make, our baby, our lives that are being effected and instead of talking. He keeps calling his mom and speaking to her for hours. I can barely get 30 minutes on this topic. In fact we were talking and then he went to call his mom for backup and thats when our conversation ended. +EDIT2: So I spoke about everything with my bf, decided to order food and have a small date and talk about things calmly, nothings decided but hes not going to give up on staying but if all else fails hes still going to go. He'll try it out for a month or 2. Before then hes going to go back and forth from his moms house and mine. Doesnt feel to comfortable around my family but my family is able to help out more with transportation since his is usually working around the times he needs help. This will be until he gets his license and we have a van my mom gave me to get around. +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! + +Taxpayers who owe tax and file their federal income tax return more than 60 days after the deadline will generally face a higher late-filing penalty. Ordinarily, the late-filing penalty, also known as the failure-to-file penalty (FTF), is assessed when a taxpayer fails to file a tax return or request an extension by the return due date. This penalty, which only applies if there is unpaid tax, is usually 5 percent for each month or part of a month that a tax return is late. + +If a tax return is filed more than 60 days after the April due date -- or more than 60 days after the October due date if an extension was obtained -- the minimum penalty is either $210 or 100 percent of the unpaid tax, whichever is less. This means that if the tax due is $210 or less, the penalty is equal to the tax amount due. If the tax due is more than $210, the penalty is at least $210. The late-filing penalty will stop accruing once the taxpayer files a complete and correct return. + +The FTF penalty does not apply to the Taxpayers who met this year’s April 18 deadline to file their individual tax return. It also won’t apply to the Taxpayers who asked the IRS for a six-month extension of time to file, as long as they file by Oct. 15, 2018. + +In addition, the IRS urges Taxpayers to pay what they owe to avoid additional late-payment penalty and interest charges. The late-payment penalty, also known as the failure-to-pay penalty (FTP), is usually 0.5% of the unpaid tax for each month or part of a month the payment is late. Interest, currently at the rate of 5 percent per year, compounded daily, also applies to any payment made after the original April 18 deadline. + +After a return is filed, the IRS will figure the penalty and interest due and bill the taxpayer. Normally, the taxpayer will then have 21 days to pay any amount due. + +[Penalties for individuals, at IRS.gov](https://www.irs.gov/businesses/small-businesses-self-employed/understanding-penalties-and-interest) + +[Source, at IRS.gov](https://www.irs.gov/newsroom/missed-the-tax-deadline-and-owe-tax-file-by-june-14-to-avoid-higher-late-filing-penalty) +*Re-posted from the daily, because I believe this is an important one for us to keep in mind. All time highs make me more contemplative than usual. I was thinking back to my journey with ETH over the past year. Some your journeys have been longer, or they have been shorter, but no doubt, we've all been on this path together.* + +Buy BTC in 2013, sell for a loss in 2014. *Swear off crypto for good.* + +Reopen Coinbase years later in December 2016, see this new coin with a weird name called Ethereum. *Close and get on with my life.* + +Watch ETH soar from $8 to $40. *Research and realize this is the real deal. Lose sleep because you realize how big of a deal this actually is.* + +Hope ETH doesn't go above $50 in the short term. *Buy as much ETH as my Coinbase and bank accounts allow, and watch it crush through $50 while buying all the way up.* + +Watch ETH skyrocket to $300, up to $420. ***Hold.*** + +Watch ETH drop back to $300, down to $150, back to $300...for months on end. ***Hold and buy as much as possible.*** + +Watch ETH soar to $700+. ***Hold.*** + +Watch ETH price go to ??? next. ***Hold.*** + +Wait for Proof of Stake. ***HOLD. And profit from the earnings, never the principal.*** + +***But holdin' ain't easy.*** Holding is one of the hardest things I've ever had to do in my life. Holding is harder than trading. (Good) traders take calculated risks and seek appropriate returns for their risk profile. + +**Us holders instead are betting on a bold future- one that is better than the world that we live in today.** One that brings every soul on this planet into a single, more inclusive, and fair economy. It can be easy to lose sight of this day-to-day, when the price goes up, down or even stays flat. But don't lose sight of the end game here. If you need to take profit, do it, but know that there could be a major opportunity cost associated with doing so. + +I'm came to ETH for the money, but I've stayed here because of so much more than just that. ETH could become a foundational technology of our civilization and usher in a great, new era of commerce and (hopefully) harmony. If you think I'm just being hyperbolic, then spend some time to learn more about the coin you are holding. + +I want to be a part of that, in my own way. And if I profit from it, I plan to be extremely generous with the tremendous boon it may confer. + +**To our new friends, welcome. You are part of something bigger than yourself when you hold this coin. Never forget that, and never forget others if you succeed economically from it.** + +**To Vitalik, the Foundation, and everyone involved in the Ethereum ecosystem: I'm proud of everything you've done and everything you have planned. Your work is not done yet, but you have captured the hearts and minds of so many with your vision. With support like that, I have no doubt you will succeed and humanity and the entire planet will be better off for it.** +\*Disclaimer: I am not a financial advisor and I am not offering you financial advice. I am also not telling you to purchase any of the securities listed below as their was some "real" short interest covering during the referenced times below. + +**TL;dr** Hedgies never covered GME and we're going to see this by reviewing the below information on heavily shorted stocks from 2020. + +A Disney movie taught me, you can't know where you're going without knowing where you've been, and I would 100% agree with that thesis. + +I compared the statistics of 75 of the most heavily shorted stocks in 2020 and found some interesting information that leads me to believe it would be IMPOSSIBLE for shorts to have covered all of their exposed short interest as share prices trended upwards from March, 2020 - January 2021 due to increased retail trading. All of these stocks were listed with 24% short interest or more of shares outstanding at some point during 2020. This is probably not a complete list. + +# Heavily Shorted Stocks + +I found an article talking about heavily shorted stocks in 2020 so I decided to take a peek down the rabbit hole... I fell a long ways. Now, it's your turn! In early 2018 the FED began the reversal of quantative easing (QE) (QE is aimed to increase money supply in order to "stimulate" the economy) to quantative tightening (QT) (QT is aimed to decrease the amount of liquidity within the economy). This plan lasted until early 2019 when the FED noticed the negative effects on the market, and pumped the brakes on QT, turning back to QE to keep our economy and markets from tanking. During QT, the economy looked to be on a decline so bears came out of hibernation and began shorting A LOT of different stocks at ***heavy*** rates. We often hear about the "losses" that shorters suffer, but we need to keep in mind those loses are "unrealized" until the short position is actually closed, and there is no time limit to close a short position... This note will be important later on. We can also notice some patterns forming with quite a few of these securities after their "squeeze", similar to that of GME. Remember, GME SI% was incredibly high compared to the other stocks on this list. I also have evidence of what I believe to be real price discovery on a few of these stocks after short interest was truly removed, though this is a small minority. + +I did not realize how much of a cancer short interest, even a small amount, can be on a stock price until I started looking at the deep history of these stocks, their pricing, and their amount of short interest. It would almost seem as if, once SI is introduced, SI is responsible for price discovery as there is a complete inverse relation nearly all of the time, but that's a story for a different day. + +Here's the list of the heavily shorted stocks: + +[75 Heavily Shorted Stocks from 2020](https://preview.redd.it/88lk4hkcdjr71.jpg?width=1199&format=pjpg&auto=webp&s=5c8ed12cdae8a706710c84658bf26ac59ca5955c) + +Below, are the articles that I originally found that started this journey. I crosschecked their SI% with the SI% on ycharts and used ycharts information. The February, 2020 article actually calls out naked shorting of GME like it's no big deal: *"One explanation for how it's possible that the short interest can equal nearly all existing shares is that the stock held by institutions is loaned through a securities lending program. In this scenario, a corresponding buyer of those shorted shares subsequently lends the shares again, and those same shares are shorted multiple times."* Just naked shorting... + +[https://Beekingalpha.com/article/4322003-heavily-shorted-stocks-february-2020](https://Beekingalpha.com/article/4322003-heavily-shorted-stocks-february-2020) (replace the capital "B" with an "s" + +[https://Beekingalpha.com/article/4379061-heavily-shorted-stocks-october-2020](https://seekingalpha.com/article/4379061-heavily-shorted-stocks-october-2020) (replace the captial "B" with an "s" + +Another couple highlights from the Feb, 2020 article: + +*"2019 was difficult for short-sellers considering what ended up being a historically strong year for the broader equity market with the S&P 500 (*[*SPY*](https://seekingalpha.com/symbol/SPY?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link)*) returning 31%. Indeed, any bearish thesis based on an expectation that the U.S. and or global economy would spiral into a recession simply did not pan out or at least has not yet. The combination of supportive monetary policy, better than expected corporate earnings, and otherwise resilient economic growth was able to push stocks over the proverbial 'wall of worry' compared to fears in the first part of last year."* + +*"In many cases, climbing short interest has been a multi-year trend for these companies with the stocks down by even larger amounts from their all-time high going back many years. It's fair to say that a poor stock price performance simply attracts more bearish sentiment."* + +Bears are getting hungry. + +Let's break down a few highlights from the 75 heavily shorted stocks: + +1. 24 of the 75 stocks had a sharp run-up occur from 1/25 - 1/29/2021 similar to that of GME's on 1/27, albeit smaller run-ups. Some have trended up and some down from these spikes. +2. Nearly all of the stocks had a similar price spike in the weeks preceeding and the weeks after 1/27/2021. +3. 54 of these 75 stocks had their share price grow by more than 50% from bottoms in February and March of 2020 compared to their peak prices in January or February of 2021. + 1. 40 of those stocks saw their share price increase by more than 100%. +4. A LOT of short interest was "covered" from 12/30/20 - 2/15/21 (when most of the stocks were entering their peaks). +5. It wasn't all losing for the SHF's as 14 of these companies were delisted (due to buyout), bankruptcy, or the stock trading under $1 (which can remove it from NYSE/NASDAQ listing if it stays low). +6. It does appear that there was some real covering on some of these securites, probably those SHF's who could still make a profit, and some small loses, BUT short interest exposure far outweights any profits. +7. Had all of this short interest actually been covered/closed we would have seen a major drop in FINRA's reported margin debt statistics. Instead, we've seen a GIANT margin debt ERECTION since March, 2020 (when these stock prices began trending upwards) which has continued to rise since everything was cOvErEd. + +Here is average share price of these stocks from 3/2020 - 9/2020 (The bold red line is the trend line for all): + +[data from ycharts.com](https://preview.redd.it/wyhj4amxphr71.jpg?width=1063&format=pjpg&auto=webp&s=0a4829eb92b23d149a69d4fc8a9f2d2c89cb4fa0) + +Average share price is growing over time. + +Here is the average short interest % of outstanding shares during the same time period (The bold red line is the trend line for all): + +[data from ycharts.com](https://preview.redd.it/aymoqez6qhr71.jpg?width=976&format=pjpg&auto=webp&s=79383dfce79978dd64f885ca0ebf27065dcc843e) + +A lot of these securities experienced extreme drops in March, 2020 where short interest was piled on some of these. Average short interest for the group during these time periods are as follows: + +3/13/20: 27.95% + +6/30/20: 27.80% + +9/30/20: 27.95% + +If share prices are going up wouldn't that be bad for the shorts? Correct. Quite a few of the securities on this list actually saw an increase in SI% while the stock price was trending up (GME being the prime example, increase from 84.25% on 6/30/20 to 105.30% on 9/30/20 while the share price trended up from $4.80 - $10.35). + +Let's get to the fun stuff. Heavily shorted stocks share pricing and SI% of all shares outstanding near the run-up dates (all data from [ycharts.com](https://ycharts.com)): + +[Group 1 of 1\/27\/21 Share Price Run-Ups](https://preview.redd.it/ky5nfjk9bgr71.jpg?width=1113&format=pjpg&auto=webp&s=9cd78992d4bee1d432fa68bc23a839181a951465) + +[Reported Short Interest 1\/29\/21 \(My closing out at the peaks must have been EXPENSIVE\)](https://preview.redd.it/ynl2gjvibgr71.jpg?width=1114&format=pjpg&auto=webp&s=fd24f3aae005ed8cf6111bf0768fa1a2062e5b7e) + +As can be seen, the share prices and SI% correlation seems to indicate a short squeeze took place on all these stocks... But wait, THERE'S MOOOORE. + +[Group 2 of 1\/27\/21 Share Price Run-ups... Maybe you're already seeing some correlating prices post 1\/27\/21? But, I thought tHeY cOvErEd? \(Look at 3\/21 and 6\/21\)](https://preview.redd.it/p3jxjeqsbgr71.jpg?width=1225&format=pjpg&auto=webp&s=f96fb7383c0a817c4cf8e5417a44fdc06521f2b2) + +[Reported Short Interest 1\/29\/21... Covering a buttload of shorts](https://preview.redd.it/kf0cswwybgr71.jpg?width=1117&format=pjpg&auto=webp&s=9086b0a61ca2af3b8a10fc9aa5c2c0920457869d) + +[Group 3 of 1\/27\/21 Share Price Run-Ups. Boy, I'm still seeing some correlating patterns](https://preview.redd.it/z142h3y9dgr71.jpg?width=1223&format=pjpg&auto=webp&s=76ab2c4cbcf6667220aa720cb909f636206f1e8b) + +[Reported Short Interest 1\/29\/21... More \\"covering\\"](https://preview.redd.it/j3l8xcjjggr71.jpg?width=1117&format=pjpg&auto=webp&s=d1c051bafedcd20afb0703457819b71eb31bc6b1) + +[Group 4 of 1\/27\/21 Run-ups](https://preview.redd.it/ze33pagqggr71.jpg?width=1221&format=pjpg&auto=webp&s=97a767d727f1081a9df6d8dcd6a52ae438fe6f64) + +[Reported Short Interest 1\/29\/21... I said, tHey cOvErEd](https://preview.redd.it/p0gowynphgr71.jpg?width=1229&format=pjpg&auto=webp&s=1220c0712d5cce961fd67f3896ef88caffb07ad7) + +Let's take a look at a few more. Here are the 2/8 - 2/10/21 run-ups on heavily shorted stocks: + +[Group 1 of 2\/8 - 2\/10\/21 Run-ups on heavily shorted stocks... Patterns, patterns everywhere](https://preview.redd.it/a9hkmtybhgr71.jpg?width=1224&format=pjpg&auto=webp&s=9454ba0ae74eab8cdad785ce5f224063849a37fc) + +[Reported Short Interest 2\/12\/21... And... It's gone. \(1\/29 short interest is one tick back\)](https://preview.redd.it/gb06umnlhgr71.jpg?width=1345&format=pjpg&auto=webp&s=e33858e16a3c66ef6d2231cd475d0e93caa4dc8c) + +[Group 2 of 2\/8 - 2\/10\/21 Run-ups on heavily shorted stocks...](https://preview.redd.it/p9a6hxxaigr71.jpg?width=1111&format=pjpg&auto=webp&s=53185ff764b6dff6bfd525e7b4dc3a9bd7b9b3da) + +[Reported Short Interest 1\/29\/21 \(the chart says 1\/15, but the line is over 1\/29 data\)](https://preview.redd.it/lt91mlvligr71.jpg?width=1226&format=pjpg&auto=webp&s=ac8eeb01c4ee223c5cea8c69c971dc424dbea185) + +Here's some things to remember: + +* Short sales are ALWAYS held in margin accounts because you're borrowing something that isn't yours that needs to be RETURNED. +* Initial and Maintenance Margin requirements are substantially higher for short shares versus long shares opened and held in margin accounts. + * Long Margin Positions: Customer is required to put at least 50% cash down (in a margin account) and up to 50% may be borrowed. Customer equity must not sink below 25% the current market value of the securities in the account or a margin call will occur (maintenance margin). + * Short Positions: Initial cash deposited into a margin account must be equal to 150% the value of the short position being opened (1 short share at a $5.00 price would require $7.50 in margin). Maintenance margin is 125% minimally compared to current share price of the security. + +It would seem that if a lot of short positions were open, and the prices started to go up, we would see a pretty heavy spike in FINRA's reported margin debt... What's that? We have seen a giant spike since March, 2020? Interesting... Well, certainly when they closed all those leveraged short positions from December, 2020 - February, 2021 we would have seen a dramatic drop in margin debt... Wait a second, it keeps going up! This cannot be possible with the sheer amount of leveraged short positions being "closed" UNLESS there's still exposure we're not seeing. Hasn't the S&P 500 been on a rocket climb since last year? If these were margin long positions wouldn't their margin requirements be dropping, causing a decrease in margin debt? Yes, it should. I see your shorts Ken. + +[https:\/\/www.finra.org\/investors\/learn-to-invest\/advanced-investing\/margin-statistics](https://preview.redd.it/tph0gcbrahr71.jpg?width=654&format=pjpg&auto=webp&s=91adc7bf32312e8b5b4b64317833f19c5d3f98be) + +[Ruh Roh Raggy, why you not drop like a rock?](https://preview.redd.it/rni3dqgg9mr71.jpg?width=651&format=pjpg&auto=webp&s=b996c431cc4bcf4061b8ef66456e14947e8551c3) + +Okay, I've got 3 more pictures available to try and show you how I got here. First things first, as mentioned earlier, there is no time limit on how long a short position can remain open so we need to start thinking bigger picture, put on the wide view lenses to figure out price points that hedgies took out shorts to determine exposure/leverage. Here's a good example of a security I believe was allowed to unwind short interest after March, 2020: + +[10 year view RH Price \(purple\) v. RH Short Interest \(Orange\)](https://preview.redd.it/y5one094air71.jpg?width=918&format=pjpg&auto=webp&s=9c61d52456515f34901a584c882192c99ddb4ed7) + +As can be seen by the graph, from 2013 - 2015 SI was ramped up from basically nothing to about 27% SI in the $40 to $100 range. It appears they unloaded some of these positions during 2016. Not sure why the price dropped though. Short interest was then reapplied from early 2016 to late 2017 around the $25 - $80 range, but the price continued to climb which most likely made the SHF's realize they were in a losing battle. After this, short interest was gradually reduced, tapering off hard in 2020 which allowed the stock price to climb, reaching roughly $720 this year. + +Here's another shorted security where it appears short interest is being pulled back, allowing some level of actual price discovery, in comparison to GME: + +[DDS Price \(blue\), short interest \(green\) & GME Price \(purple\), short interest \(orange\)](https://preview.redd.it/0x1wh3c9bir71.jpg?width=932&format=pjpg&auto=webp&s=14a1a5288f858590c30cd1f445db3776b9a009cd) + +DDS went from a short interest of 20.19% on 12/31/2020 to 5.23% by 2/26/2021. DDS had an initial squeeze to $104.46 and has trended up ever since. That's a short interest of less than 1/5 of what GME had reported on 12/31/2020 at 109.3%, and I've got to assume GME has had a bit more buying/holding pressure than DDS over the past 10 months. This chart is my clearest indication that GME short interest has not been covered, and that some other high short interest stocks are being unwound so real price discovery can happen. + +Last image, GME short interest 5-year chart: + +[GME Price \(purple\) v, Short Interest \(orange\)](https://preview.redd.it/9r8pxib5gir71.jpg?width=953&format=pjpg&auto=webp&s=120eed8d027002c4739b0dafd7bdb3e71b9b33fc) + +GME short interest rapidly grew in late 2018 - late 2019 with a price range of roughly $16 when the shorting spree began, to a low share price of roughly $6.15 before backing off and reapplying in later 2020 with a price range of roughly $4.00 when the shorting began, to a share price of roughly $11.88 at it's peak (shorting on the way up). Anybody still think the hedgies covered? + +These seem like catastropic losses across the board. Why aren't hedgies buildings catching fire? Why margin debt continue to skyrocket? Why other securities showing major price improvements as SI% drops? + +# BECAUSE HEDGIES COULDN'T COVER GME WITHOUT GOING BANKRUPT. + +# Retail Involvement is Cause of Rising Share Prices + +Many of you are surely wondering why the prices steadily increased in 2020 while we were in the midst of you know what, and I'm not going to give you a long, complicated story because it is simple, and I've already written about it. The simple answer is it was [you.](https://www.reddit.com/r/Superstonk/comments/ok494x/the_rise_of_the_retail_investor_in_early_2020/?utm_source=share&utm_medium=web2x&context=3) Summary: There was a 95% increase in the S&P 500 trading volume in June of 2020 compared to October of 2019, and there is evidence to support that this was primarily you, the retail investor, and that instituational liquidity hadn't really improved. ATS reported trading went through the roof (where retail orders are routed) during this time, and the average trade size reduced (instead of getting 10,000 share orders, they were getting smaller orders). This trend has continued and accelerated into 2021. + +Supporting Evidence: + +[NYSE Data Insights Article](https://www.nyse.com/data-insights/market-volume-and-off-exchange-trading) + +[Trading Volume is Up from 2020's Breakneck Pace as Retail Investors Jump In](https://www.cnbc.com/2021/01/22/trading-volume-is-up-so-far-from-2020s-breakneck-pace-as-retail-investors-get-even-more-active.html) + +[Q2 2021 Retail Investing Already Outpacing 2020 Totals](https://www.businesswire.com/news/home/20210714005803/en/Q2-2021-Retail-Investing-Already-Outpacing-2020-Totals) + +# Additional Notes on Heavily Shorted Securities + +I'm all out of pictures, but here's some more information to finish this bad boy off. + +**Companies with high short interest in 2020 where the hedgies appear to have won, or are winning:** + +CRC: Filed bankruptcy October, 2020 + +WPG: Trading under $1 + +MNK: Under $1 + +GTT: Under $1 + +VAL: Filed bankruptcy 5/2021 + +AMAG: Delisted, bought by Covis Group + +MSGN: Delisted, bought by MSG Entertainment + +ERI: Delisted, merger with Ceasars Entertainment + +FIT: Delisted, bought by Google + +WDR: Delisted, bought by Macquarie + +HIIQ: Delisted, bought by Benefytt Tech + +INTEQ: Delisted + +JCPNQ: Delisted + +MIK: delisted, going private, bought by Apollo Management Group + +**Interesting Stock Price/SI% Charts to Review (remember, zoom out, sometimes to max view):** + +LGND + +SKT + +CLVS + +MAC + +M + +DVAX + +CVM + +CLF + +There's plenty more out there to review. Again, I'm not telling you to buy any of these, GME is the way, but there appears to be exposed short interest everywhere and when the debt bubble pops it'll certainly be interesting (and frightening) to watch it unfold. + +I don't care where you're hiding them Ken, whether it be in married puts/calls, swaps, FTD's, the mayo jar, etc. It's about time to pay up. You have been weighed, you have been measured, and you have been found wanting. + +Remember, don't trust information blindly. Go look into these comparison's for yourself. You can open a 7 day free trial version of ycharts anytime... Buckle up. See you on the other side of the moon. + +Tanks fo' reedin' +Where I live (Portugal) most mortgages are linked to Euribor. Mine in particular is linked to 12M Euribor. Last month we went from paying 399€ to paying 517€. + +We're pretty comfortable with this value, but we're also a bit worried since inflation doesn't seem to slow down and the ECB will continue to raise the interest rates. + +I've seen people say that it will probably reach 4% next year. I've also seen people say that it will climb above the inflation rate. + +Of course I can't predict the future, no one can. Personally, I'm preparing for the ECB interest rates to reach at least 2.5% until the end of the year and 12M Euribor to reach 3.5%. In 12 months time I am preparing for 12M Euribor to reach 6%/7%, which means I would be paying more than 1000€/month for my mortgage. + +I don't have any economic background, so I'm not too good at analysing this situation. I'm just going a bit off of worst case scenarios. But I am interested in knowing what everyone in this subreddit thinks about this. +The Loonie has been extremely strong over the past month+, pushing to highs we haven't seen in 5+ years. *If you have purchased $USD holdings with $CAD cash over this period, and were to sell today, you are now experiencing a decrease on return when it comes to the conversion rate of $USD --> $CAD.* The decrease may be small or large depending on your exact conversion dates, but the impact can be substantial on overall portfolio worth. + +This is a simple and obvious point - I don't think there is a whole lot of room for debate - but I wanted to share as a reminder to those of us who are predominantly $CAD investors, but may have the occasional $USD holding and this type of thing isn't top of mind. +Because the daily is being flooded with euphoria and moontalks, and the live streams are pretty spotty, let's use this to post all updates for those who aren't able to watch the stream all day :) + +So let this be r/ethtrader's unofficial live blog for all news and discussions of things happening at Consensus! +I’m not sure if this is the right place, but I figured I’d start here in the hopes someone can point us in the right direction. + +My husband had a Golds Gym membership for years. Long story short, the location he was a member at closed permanently about 2 years ago. 2 years later, we’re still being charged his monthly membership fee. Yes, I realize “why didn’t you do something about this 2 years ago?” is a valid question - I wont bore you with details but basically mental health is a tricky bastard. We had read you needed to go in person to cancel the membership and the nearest location was 2 hours away, plus in the middle of COVID so one thing lead to another and here we are today. + +I was put in contact with a corporate manager who says they can’t do anything because this was a franchise. He’s forwarded our info the the prior franchise owner twice now (though he confirmed this person left Golds years ago, I assume when the location closed) but we’ve heard nothing. I’m still trying to get the direct contact of this person. + +What are our options? If we issue a stop payment, I had read that they could send us to collections. But can they if this franchise closed? This is so beyond unethical to me. Any suggestions are appreciated. + +Editing for clarification: I’m not trying to get the past payments back. It was our responsibility to follow through sooner and we didn’t, but the problem we’re running into now is this place (the franchise) no longer exists per corporate and corporate supposedly can’t help because it was a franchise. So how are we still being charged for a place that doesn’t exist? A few have commented about the membership possibly being transferred to another gym, but we have no record of a transfer so we don’t know where it would have gone. Also the physical location where this gym was is vacant. It was replaced temporarily with another chain gym for ~6 months but even that one closed. We’re going to move forward with a stop payment but my concern was being sent to collections. We will just have to see what happens and will continue escalating and doing outreach in the meantime. Thanks all for the input. + +UPDATE: the membership was in fact transferred to another local gym though we were not notified of this. We were connected with someone who submitted a request to the vendor to stop all charges. Unfortunately my husband was very young when he set this membership up after high school, and he used ACH, not a credit or debit card because he didn’t know any better at the time. Our bank can issue a stop payment but we’re told that it only lasts 6 months and if the vendor changes the amount at all, it will still go through. So we are closing this account and opening a new one to be safe. I haven’t received a response yet about whether or not the cancellation request was processed but given many other experiences on here, I’m not holding my breath. Also the new gym has horrendous reviews from others who also tried canceling their memberships and got the run around so… great. +And anyone telling you it makes no difference if it’s 220% or 1000% is either a straight up shill or stupider than shit. + +Their argument is that as long as apes hold it makes no difference. But with the real number, the over 1000% number, all the apes don’t have to hold for the diamond handers to get the sp to astronomical numbers. + +There can be a bunch of paper handers along the way, which will temporarily lower the price with that increased sell pressure at the psychological price points where msm and shills will go into overdrive making apes think it’s a good time to sell, but it won’t matter one iota for those that hold because when the paper handers are all out of the way si will remain well over 200%. + +This saga has become the ultimate narrative war because perception is reality when it comes to when we decide to buy and sell our positions. If the 220% short interest is taken as fact by the majority then when it gets to pretty high numbers and then starts to go down based on paper handers ringing the register, the decision on whether to hold or sell some or all of the position will be tougher than if the over 1000% short interest is taken as fact. So yeah, it matters. + +Every indication is that retail from around the world has done nothing but buy nonstop over the last six months. A large percentage of those retail holders already had a big position in January and never sold a share during the sneeze and its aftermath. The total float is only 77 million shares and sp was less than $100 for long stretches of this saga. The chart doesn’t act naturally. Huge red candles appear to intercept the green candles over and over again. That’s not retail. Retail is buying and holding. There’s no way daytraders, with the tiny positions they take, could have that much of an impact against the entire shareholder base holding its position and buying more every day. That only leaves short selling. + +It’s over 1000%. It has to be. It’s probably far more than 1000%. + +Hello, + +I was wondering if I could get some peoples inputs. If the feds do raise the feds fund rate to 4% what would the average mortgage rate look like? Also if you don’t mind sharing any opinion on the housing market. It’s crazy that average home prices don’t seem to be going down much with the increase in supply or real estate inventory. +I want to meet more people both for professional and personal reasons. I work in tech, I'm doing all right, but at some point I may want to raise money for my own thing or just meet people I can work with or invest with. + +In terms of leisure, I'm interested in the arts and would love to be part of that community. + +I feel like I can reach out to people and chat with them, but not sure what's the best way to go about maintaining those relationships afterwards. I don't really have an ask for them right now, just want to meet people and have them think of me when interesting things come up. + +Some of these folks live all over the world, so inviting them over is not an option. Plus that's a lot of work. + +What do you all do? Just text folks regularly with interesting articles or do you personal newsletter or something else? +Slowdown of house showings. Haven't had luck finding a quality tenant. + +I have the means to pay the mortgage on that rental for 2 months but after that, it will be tight. + +I don't have an LLC on the property. How can I get assistance from the fed govt in this situation? What are my other options? + +[Edit] thank you for all the advice! This is my first week in this sub and already seeing the benefits! +At this moment, I don't need to defer payments just yet but will use it if I need to. I will lower the rent a bit and get more aggressive with advertising. I had professional photos already but the virtual tour may be useful. +I am in the NC area, I had several showings but didn't work out. Hopefully, I will find quality tenants soon. +New investor here. Since last week or so, it seems to be hitting a new high everyday with going up to $1.80+ today. Is it worth buying rn or should I just wait for the dip? +Howdy r/dividends! I have been a huge proponent of dividend investing and my portfolio is now almost solely comprised of dividend stocks. That said, over the last year I have had a twinge of regret that I wasn't being as aggressive as some of my peers who are heavily invested in growth stocks. Given my aversion to the risk that comes along with growth investing (as we have seen over the last 3 weeks), I decided to run an experiment to try to supplement my dividend strategy and increase my returns. + +&#x200B; + +As an avid follower of this sub I mostly been crafting my positions in a similar way to many of the top posts on this sub ([example 1](https://www.reddit.com/r/dividends/comments/l2yz03/about_to_hit_20k_in_annual_dividends/gke1hoz/?utm_source=reddit&utm_medium=web2x&context=3), [example 2](https://www.reddit.com/r/dividends/comments/lt1a4a/my_first_month_of_tripledigit_dividend_income/goveg51/?utm_source=reddit&utm_medium=web2x&context=3)), which is to say I had many different positions spread across industries in order to reduce risk and focus specifically on maintaining yield. That said, I wanted to test a covered call strategy which required that I hold at least 100 shares of a company stock so I consolidated my portfolio in order to do that. After some (but not enough) due diligence I consolidated as follows: + +|**Symbol**|**Quantity**|**Price**|**Market Value**|**Yield**| +|:-|:-|:-|:-|:-| +|O|2021.9747|$61.14|$123,623.53|4.64%| +|JNJ|300.0402|$158.75|$47,631.38|2.57%| +|VZ|200|$56.65|$11,330.00|4.47%| +|MAIN|402|$37.18|$14,946.36|6.70%| +|HD|100|$265.09|$26,509.00|2.55%| +|T|100.7426|$29.92|$3,014.22|7.02%| +|MMM|100.085|$184.81|$18,496.71|3.27%| +|COST|100|$322.94|$32,294.00|0.88%| + +\* ^(I also started with KO but that ended up getting assigned as my option expired in the money. After assignment I decided not to re-purchase KO and instead invested that into O.) + +I chose these stocks as part of my experiment in order to get a mix of yield and volatility (within reason) . Over the last month, I have been selling weekly covered calls on these stocks when available, when not available I sold the shortest possible covered call (usually expiring in 2 weeks). To choose the strike price I have been using a simple 12 month moving average and select a price that is just above that average or if the current price of the stock is below my cost basis, I chose a strike price that was just above my cost basis. About 2 weeks into the experiment I found [https://www.optionsai.com/](https://www.optionsai.com/) which would be useful in selecting a strike price that is likely to be out of the money by the expiration date. Overall, I have been aggressive in choosing a strike price as I was curious to see how often my shared would be assigned when they expired in the money. + +My results have been positive. Only one of my covered calls was assigned, although only 2 have expired in the money. Because volatility is high, and therefore options deltas are higher, I think I may be overestimating my returns however, in my estimation if I continued doing this for 1 year I would bump my returns to ~13% from ~3 when just relying on dividends. That estimate assumes that I would sell covered calls every week which I may not as I do not want to risk losing the shares just before the ex-dividend date. I also may not trade risk trading this during earnings as there tends to be much larger swings during that time and I do not want to risk having to buy back the shares at a much higher price. That said, I did include in my estimate some expenses for having to repurchase shares when they are assigned. If I decide to pursue this strategy long term I would have to get rid of several high yield companies as there is not enough options action on those shares, for example MAIN has hardly any options action and no ability to sell weekly. + +I think that I learned that it is better to consolidate your portfolio into fewer companies so that you have the option to sell calls on the shares when volatility is low (or when you feel like taking on additional risk). That said, I'm curious to hear thoughts on this strategy, especially from anyone who has done this long term. Thanks for reading! +Howdy r/dividends! I have been a huge proponent of dividend investing and my portfolio is now almost solely comprised of dividend stocks. That said, over the last year I have had a twinge of regret that I wasn't being as aggressive as some of my peers who are heavily invested in growth stocks. Given my aversion to the risk that comes along with growth investing (as we have seen over the last 3 weeks), I decided to run an experiment to try to supplement my dividend strategy and increase my returns. + +&#x200B; + +As an avid follower of this sub I mostly been crafting my positions in a similar way to many of the top posts on this sub ([example 1](https://www.reddit.com/r/dividends/comments/l2yz03/about_to_hit_20k_in_annual_dividends/gke1hoz/?utm_source=reddit&utm_medium=web2x&context=3), [example 2](https://www.reddit.com/r/dividends/comments/lt1a4a/my_first_month_of_tripledigit_dividend_income/goveg51/?utm_source=reddit&utm_medium=web2x&context=3)), which is to say I had many different positions spread across industries in order to reduce risk and focus specifically on maintaining yield. That said, I wanted to test a covered call strategy which required that I hold at least 100 shares of a company stock so I consolidated my portfolio in order to do that. After some (but not enough) due diligence I consolidated as follows: + +|**Symbol**|**Quantity**|**Price**|**Market Value**|**Yield**| +|:-|:-|:-|:-|:-| +|O|2021.9747|$61.14|$123,623.53|4.64%| +|JNJ|300.0402|$158.75|$47,631.38|2.57%| +|VZ|200|$56.65|$11,330.00|4.47%| +|MAIN|402|$37.18|$14,946.36|6.70%| +|HD|100|$265.09|$26,509.00|2.55%| +|T|100.7426|$29.92|$3,014.22|7.02%| +|MMM|100.085|$184.81|$18,496.71|3.27%| +|COST|100|$322.94|$32,294.00|0.88%| + +\* ^(I also started with KO but that ended up getting assigned as my option expired in the money. After assignment I decided not to re-purchase KO and instead invested that into O.) + +I chose these stocks as part of my experiment in order to get a mix of yield and volatility (within reason) . Over the last month, I have been selling weekly covered calls on these stocks when available, when not available I sold the shortest possible covered call (usually expiring in 2 weeks). To choose the strike price I have been using a simple 12 month moving average and select a price that is just above that average or if the current price of the stock is below my cost basis, I chose a strike price that was just above my cost basis. About 2 weeks into the experiment I found [https://www.optionsai.com/](https://www.optionsai.com/) which would be useful in selecting a strike price that is likely to be out of the money by the expiration date. Overall, I have been aggressive in choosing a strike price as I was curious to see how often my shared would be assigned when they expired in the money. + +My results have been positive. Only one of my covered calls was assigned, although only 2 have expired in the money. Because volatility is high, and therefore options deltas are higher, I think I may be overestimating my returns however, in my estimation if I continued doing this for 1 year I would bump my returns to ~13% from ~3 when just relying on dividends. That estimate assumes that I would sell covered calls every week which I may not as I do not want to risk losing the shares just before the ex-dividend date. I also may not trade risk trading this during earnings as there tends to be much larger swings during that time and I do not want to risk having to buy back the shares at a much higher price. That said, I did include in my estimate some expenses for having to repurchase shares when they are assigned. If I decide to pursue this strategy long term I would have to get rid of several high yield companies as there is not enough options action on those shares, for example MAIN has hardly any options action and no ability to sell weekly. + +I think that I learned that it is better to consolidate your portfolio into fewer companies so that you have the option to sell calls on the shares when volatility is low (or when you feel like taking on additional risk). That said, I'm curious to hear thoughts on this strategy, especially from anyone who has done this long term. Thanks for reading! +I'm a bit in panic mode but I've done everything I can to contact linkedin, and just want to get as much help as possible so now I'm here. + +Basically, the *only* way I was able to message a particular staffing agent I needed to contact was to start the free trial for the premium account. I should have immediately made a reminder to cancel it, but I messed up and now that mistake may end up costing me $800. Anyway, LinkedIn doesn't really take calls so I made a help post on their forum and DM'd them on twitter. + +As soon as I saw the charge I cancelled it, but I realized that made me unable to go through the normal refund button where they "review" your account, because I no longer have the premium account. And on the website it said their help is very occupied so I've done everything I can and would just like some reassurance or guidance. It seems that many others have gotten refunded in my exact situation, except for the fact I just cancelled the subscription. + +**EDIT:** I have been refunded. Messaging them on twitter did the trick. +Does anyone here have recommendations for a US based luxury travel agency. Where did you go an how was the experience? + +I've used Audley travel in the past and also Destinology in the UK. Both have been positive experiences. + +this would mainly be for unique experiences and/or places. +I have about 10k in my emergency savings and I’d like to see it gain interest inside a fund I can access in case of an emergency. Should I avoid doing this knowing the market could start to down-turn after COVID? +My wife and I just bought our first home, we have a $200,000 ten year mortgage at 2.3%. We have an extra $100,000 that we can put directly against the principal on our first payment while still leaving a $20k emergency fund. We bring in \~$140k after taxes and maxing out our retirement accounts. Should we crush the mortgage early or invest in ETFs or Mutual Funds? Or should we split the difference? +**EDIT: Dont award this post. Don't give Reddit the money for coins. That's stupid. Reddit has enough money.** + +Over the past 2 years I've been **agressivley** buying Bitcoin. Before today, I had north of 2 whole coins. Well, I recently got into a car accident, and my shitbox was "totaled"(hit and run(not covered)). I needed to pay my health insurance's deductible, and buy a new car. In all, I had to sell between $10k and $12k of my coin to pay for everything. And then a little bit extra because I got raped by the coinbase fee. I sold only what I needed to. +I feel like shit. I keep telling myself "hey, look, you could've gotten a Tesla, or some other cool shit, but you were smart and went with a reasonable, cheap, vehicle(09 Honda pilot)". But I still feel like shit. It was the first time I've ever sold, and it crushed me. +My parents are immigrants who never really became financially savvy and worked low paying jobs their whole lives. My father is living off disability because he had a stroke a few years ago and my mother has stopped working and is living off cash my grandfather gave my parents before he died. + +They have no mortgage and live in a pretty affordable suburban town on the East Coast. However, the house they live in has 3 judgements on it from the 1990s (my father had a failed business and couldn’t make his credit card payments… we were able to stay in the house because of the homestead rule that says you can’t take someone’s house if it’s their sole residence). + +Anyhow, my parents are frugal but just bad with money. They never learned to invest and have no savings. + +I inherited my grandfather’s house and it’s worth about two hundred and fifty thousand as is, but worth more if updated and renovated (contractors in the area are quoting around 40K for a full renovation). + +How can I use the house to fund my parents’ retirement? Would it be wiser to rent it out and build equity or to sell it and put the money into Vanguard index funds and bonds for them? Furthermore, I’m not sure how I can put a huge chunk of cash into a tax advantaged retirement account for them as neither of them work anymore…. Not sure if my mom plans on working again in the future, but I advised her to start a Roth IRA and max it out for herself and my father if she works / had taxable income in the future. But the annual contribution limits are quite low and there’s not much time for their money to grow. +For Christmas I'm getting all of my cousins (aged 18-32) a copy of Ramit Sethi's I Will Teach You To Be Rich, with a retirement account match bonus (20% up to $500 in contributions = $100 max bonus value). Has anyone else tried this before? Would love to know what success you had and if you have any tips on educating young peers. +Title says it all. Wife and I just paid off our student loans this week (took us 3.5 years) and we’ll be meeting with a financial advisor tomorrow to begin planning more for our future. + +What are some things we should consider and ask our new financial advisor? +I appreciate I'm not typical of this sub but I think a lot of members will sympathise. I'm completely confused where almost all the "American" financial myths come from. "I want to increase my credit score." "If the S&P 500 is great does that mean I should be investing in the FTSE 350?" "I'm adamant I need to buy an ETF, not an OEIC." etc. + +The British financial system is so boring and there is so much to read. So how are we at the stage where posters know so much about the American system (which seems equally boring!). + +I admit there is a balance. We are economically connected, "When the U.S. sneezes, the world catches a cold." If you want to be globally diverse you will need to invest in the US. But I feel something is wrong if posters know more about Roth IRAs than the pension system in their own country. +If you're just getting started with crypto, or are struggling with all the terms that go around on this subreddit, this list is for you. + +Behold the top 50 crypto terms you should know! + +* **51% attack** + +A 51% attack represents the situation where more than half of the computing power within a given blockchain of one person or one concentrated group. This ensures that this group gains full control over this blockchain. For example, they can stop all mining, stop all transactions or spend every coin of this specific blockchain infinitely often. + +* **Address** + +A cryptocoin address is the location where you store your crypto coins and from where you send and receive your coins. You could compare it with your home address. This address usually consists of a whole row of numbers and digits, which looks something like this: 1KXghhUZRVFmfk9Jreo3vvuV3HDoCJyYJZ. This address is the public part of the two encrypted keys (see private and public key) that are required for the holder to verify a transaction. + +* **Airdrop** + +This is a kind of giveaway for founders who determine a particular cryptocurrency, giving those coins or coins away. The promotion is for a short period. This is done to publicize the tokens and distribute the tokens. + +* **Altcoin** + +This name is used for all crypto coins that are not Bitcoin (alternative coins). + +* **Altseason** + +This is the term given when money flows to altcoins faster than Bitcoin. In other words, when investors buy more altcoins than Bitcoin. + +* **AMA** + +Ask me anything. A (mostly) new crypto project likes a session for users to ask them questions about the project. Reddit and Discord are often used for this. + +* **AMM** + +Automated Market Maker. That is to say, it is a kind of decentralized exchange platform (DEX). A mathematical formula is used to price assets. In a traditional exchange, it works differently, and assets are priced according to a price algorithm. + +* **Arbitrage** + +Buying and selling the same asset on two exchanges to take advantage of small price differences. + +* **ASIC mining / miner** + +ASIC stands for Application Specific Integrated Circuit. This is, in fact, a chip that is specially designed to perform one specific task. For this reason, thanks to ASIC mining, you can mine coins a lot faster than a regular computer or laptop could. For example, for Bitcoin, there are special ASIC miners who are only concerned with solving the SHA-256 algorithm. There are also crypto coins that are impossible to mine with an ASIC. + +* **ATH** + +ATH means All Time High. This is the highest price a cryptocurrency has ever achieved. + +* **Bag** + +A bag in the crypto world refers to the coins and tokens that you hold as part of your wallet. Typically, the term is used to describe a significant portion of a particular cryptocurrency. For example, a 'moon bag' is filled with the coins you currently own that you think will make you rich. + +* **Bear market** + +A bear knocks everything down with its claws. That is why a market where the trend is in a downward movement is called a bear market. Sentiment is then negative and prices predominantly fall. + +* **Blockchain** + +A blockchain is a kind of digital ledger of transactions that works from a decentralized network. Thanks to cryptography, a ledger can be kept by a large number of computers that together create the network. Every time a new transaction is made, it is added by the miners with date, size, etc. to the blockchain as a new block. + +* **Block** + +The blocks are the "pages" in the digital ledger of the blockchain. These are files with immutable data that are permanently stored on the blockchain. + +* **Block reward** + +The block reward is the reward that miners receive for finding a mathematical solution related to that block. With Bitcoin, this reward is 25 Bitcoins per mined block. This halves every 210,000 blocks. + +* **BTFD** + +Buy the f \* cking dip! This term is used when the price of a cryptocurrency or the market is in a dip. People are inclined to leave because they are afraid of losing. But a dip offers opportunities to buy a coin or token cheaply before it starts to rise again. + +* **Buy the Dip** + +Same as BTFD only without the expletives. + +* **Bull market** + +A bull stabs its horns and throws you up. That is why a Bull Market is a market where the trend is in an upward movement. Prices are rising and sentiment is positive. + +* **Cold storage** + +Cryptocurrency is stored “offline”. You do this if you want to safely store coins for a longer period of time. A hardware wallet is an example of cold storage. + +* **Cryptography** + +Also called secret writing. This focuses on techniques for hiding or encrypting information to be sent so that it is impossible for anyone accessing the channel on which it is sent to find out what information was sent. + +* **Cryptocurrency** + +A kind of digital currency based on cryptography. This concerns both Bitcoin and other altcoins. + +* **DAO** + +A DAO is a "decentralized autonomous organization" and can be described as an open source blockchain protocol governed by a set of rules, created by its elected members, that automatically perform certain actions without the intervention of intermediaries. + +* **dApps** + +These are decentralized applications (dApps) are digital applications or programs that exist and run on a blockchain or P2P network of computers rather than a single computer, and are beyond the reach and control of a single authority. + +* **DeFi - Decentralized Finance** + +DeFi, or decentralized financing, is a new way to conduct financial transactions through applications. It excludes traditional financial institutions and intermediaries and is run through the blockchain. Think of it as removing brokers, exchanges, banks and other middlemen from the equation. + +* **DEX** + +A DEX is a Decentralized Exchange or a decentralized exchange. Decentralized exchanges are a type of cryptocurrency exchange that allows direct peer-to-peer cryptocurrency transactions to take place online securely and without an intermediary. No identification is required at these exchanges. + +* **Distributed & Central Ledger** + +A distributed ledger is an agreement of shareable, shared, and synchronized data, which in this case is spread across several networks. These networks are then distributed over many computers. + +With a central ledger, the synchronized and shareable data is controlled by one network or individual. + +* **Double Spending** + +This means that a particular cryptocoin can be spent more than once. This stops the blockchain from working. + +* **Dust Transaction** + +A transaction of extremely few coins that represents almost no value, but takes up space on the blockchain. + +* **ECDSA** + +Elliptic Curve Digitial Signature Algorithm is a lightweight cryptographic algorithm used to sign transactions on the Bitcoin protocol. + +* **ERC20 token** + +An ERC20 token is in some ways comparable to Bitcoin, Litecoin and any other cryptocurrency; these tokens are assets based on blockchain technology. They have value and you can send and receive them. ERC20 tokens are only issued on the Ethereum network. + +* **Escrow** + +A concept in which financial assets are held by a third party to protect them during an asynchronous transaction. + +* **Fiat money** + +Currencies that were once backed by gold (golden standard). Currently it only has value because people value it. + +* **FOMO** + +"Fear Of Missing Out". This often occurs when a cryptocurrency increases in value so quickly that people are afraid that they will miss the boat to riches, causing the price per coin to be even higher. + +* **FUD** + +"Fear, Uncertainty, Doubt". This crypto term is often used to describe the volatility of the crypto market. + +* **Fork (branch / split)** + +A fork happens when an alternate operational version of the current blockchain separates permanently. This can be done in three different ways: + +* By a 51% attack +* Because there is a bug in the program +* Because new substantial changes have to be made to the current blockchain. + +* **Genesis block** + +The block mined first in a blockchain + +* **Halving** + +This means that the minable reward (see block reward) is halved. This happens every time with a certain amount of mined blocks. With Bitcoin, for example, this is for every 210,000 blocks. + +* **Hash** + +A mathematical process that takes a variable number of data as input and produces a shorter result of a fixed length. + +* **Hashrate** + +This is the speed at which the math problems for certain blocks can be solved. In other words, the speed at which a new block can be discovered. ASIC mining, for example, causes the hash rate to go down. + +* **HODL** + +Originally 'Hold' was meant, but in a tipsy mood a chat participant kept talking about how he was 'hodling' his coins. This quickly became a meme and now it has become established in the crypto world and means holding onto your crypto coins for the long term. Sometimes it also refers to 'Hold on for dear life'. + +* **ICO** + +Stands for Initial Coin Offering. This is a form of crowdfunding, where the public can invest in a blockchain startup in advance. As a thank you for the financial support they are rewarded with a certain amount of coins. + +* **IEO** + +This is an Initial exchange offer. It is a variant of Initial Coin Offerings (ICO), managed directly by cryptocurrency exchanges. + +* **KYC** + +This stands for 'Know Your Customer'. It refers to the verification process that customers must go through to verify their identity and associate it with a cryptocurrency wallet. Crypto exchanges gain a better understanding of the potential client's activities and can determine whether or not they are legal in nature. A legal requirement for many central exchanges (CEX) to admit customers to their fair. + +* **Mining** + +Mining is the crypto term used to search for new block rewards. For finding and solving blocks, a reward is given to the miner. + +* **Moon** + +When a cryptocurrency "goes to the moon," it means people think its price will rise exponentially. + +* **Multisig (multiple signatures)** + +Multisignature is a form of technology that ensures that extra security is added to Bitcoin transactions. Multisiganature addresses require another user to sign the transaction before it can be added to the blockchain. + +* **NFT** + +An NFT is a Non-fungible Token. They are unique and cannot be exchanged. They live on the blockchain. + +* **Node** + +A node is a computer connected to the crypto network that uses a client tasked with validating and tracing transactions. Each node receives a copy of the current blockchain, which is automatically downloaded when it joins the Bitcoin network. + +* **P2P** + +This stands for peer-to-peer. A (crypto) term that refers to computers that directly build a network with each other without a central server in between. + +* **Privacy coin** + +These are a class of cryptocurrencies that enable private and anonymous blockchain transactions by obscuring their origin and destination. Some of the techniques used include hiding a user's real wallet balance and address, and combining multiple transactions to circumvent chain analysis. Examples are Monero (XMR) and Zcash (ZEC). + +* **Private key** + +A string of letters and numbers that is kept secret by the user. It is specially designed to sign a digital transfer using a public key. In the case of Bitcoin, this is a private key that must work with a public key. + +* **Public key** + +A string of letters and numbers that is public and can be viewed by anyone. This can be used in combination with a private key to sign a digital transaction. + +* **Pump and Dump** + +This is a crypto term used for the unethical process of pumping and dumping a relatively cheap coin. The coin is first obtained in a very cheap way by a certain group of persons who then "pump" the coin (make its value rise sharply) by advertising it a lot. When the coin has appreciated enough, they dump their coins with a lot of profit, leaving a large group at a loss. + +* **PoW** + +Stands for Proof-of-Work. This is a system that links computing power with mining capacity. The more powerful your computer can mine, the more you will be rewarded for this. + +* **PoS** + +Stands for Proof-of-Stake. This is a system that links the interest in a particular crypto coin to the mining capacity. This means that the more tokens you own of a particular crypto coin, the more you can mine this coin. + +The PoW and the PoS are both consensus algorithms. With this mechanism you can organize as a user, but also machines, in a distributed environment. All agents, the nodes of a blockchain, must agree on a single source of truth. Even if some of the nodes fail. This means that the system must be fault tolerant. + +* **DPos** + +Stands for Delegated Proof-of-Stake. This is a variant of Proof of Stake that uses supernodes or masternodes to approve transactions. + +* **Scam coin** + +A coin created for the sole purpose of making the creator of this coin rich (usually through pump and dump). + +Often this is accompanied by a Pyramid scheme. A pyramid scheme is a business model that recruits members through a promise of payments or services to enroll others in the scheme, rather than providing investment or selling products. + +* **SHA-256** + +The cryptographic algorithm used for Bitcoin's PoW system. + +* **Signature** + +A signature is a mathematical process by which someone can prove that he / she is the owner of his / her wallet. For example, a "private key" is used. + +* **Smart Contract** + +A two-way smart contract is an immutable agreement that is recorded on the blockchain, containing specific logical actions that are comparable to a "normal" contract. Once this contract has been signed, it can never be changed again. A smart contract can be used to set certain benchmarks that must be met in exchange for money. + +* **Wallet** + +See "address" + +* **Whale** + +A whale is someone or a company that owns a large percentage of a particular crypto coin. It is often the case that a whale can also manipulate the price of this crypto coin. + +* **Whitepaper** + +A document that describes in detail the protocol of the crypto currency. + +* **Yield Farming** + +Yield farming, this is also known as liquidity mining. This allows you to generate a way for rewards with cryptocurrency holdings. In simple terms, this means locking cryptocurrencies and receiving rewards. This happens on DeFi projects. +If you're just getting started with crypto, or are struggling with all the terms that go around on this subreddit, this list is for you. + +Behold the top 50 crypto terms you should know! + +* **51% attack** + +A 51% attack represents the situation where more than half of the computing power within a given blockchain of one person or one concentrated group. This ensures that this group gains full control over this blockchain. For example, they can stop all mining, stop all transactions or spend every coin of this specific blockchain infinitely often. + +* **Address** + +A cryptocoin address is the location where you store your crypto coins and from where you send and receive your coins. You could compare it with your home address. This address usually consists of a whole row of numbers and digits, which looks something like this: 1KXghhUZRVFmfk9Jreo3vvuV3HDoCJyYJZ. This address is the public part of the two encrypted keys (see private and public key) that are required for the holder to verify a transaction. + +* **Airdrop** + +This is a kind of giveaway for founders who determine a particular cryptocurrency, giving those coins or coins away. The promotion is for a short period. This is done to publicize the tokens and distribute the tokens. + +* **Altcoin** + +This name is used for all crypto coins that are not Bitcoin (alternative coins). + +* **Altseason** + +This is the term given when money flows to altcoins faster than Bitcoin. In other words, when investors buy more altcoins than Bitcoin. + +* **AMA** + +Ask me anything. A (mostly) new crypto project likes a session for users to ask them questions about the project. Reddit and Discord are often used for this. + +* **AMM** + +Automated Market Maker. That is to say, it is a kind of decentralized exchange platform (DEX). A mathematical formula is used to price assets. In a traditional exchange, it works differently, and assets are priced according to a price algorithm. + +* **Arbitrage** + +Buying and selling the same asset on two exchanges to take advantage of small price differences. + +* **ASIC mining / miner** + +ASIC stands for Application Specific Integrated Circuit. This is, in fact, a chip that is specially designed to perform one specific task. For this reason, thanks to ASIC mining, you can mine coins a lot faster than a regular computer or laptop could. For example, for Bitcoin, there are special ASIC miners who are only concerned with solving the SHA-256 algorithm. There are also crypto coins that are impossible to mine with an ASIC. + +* **ATH** + +ATH means All Time High. This is the highest price a cryptocurrency has ever achieved. + +* **Bag** + +A bag in the crypto world refers to the coins and tokens that you hold as part of your wallet. Typically, the term is used to describe a significant portion of a particular cryptocurrency. For example, a 'moon bag' is filled with the coins you currently own that you think will make you rich. + +* **Bear market** + +A bear knocks everything down with its claws. That is why a market where the trend is in a downward movement is called a bear market. Sentiment is then negative and prices predominantly fall. + +* **Blockchain** + +A blockchain is a kind of digital ledger of transactions that works from a decentralized network. Thanks to cryptography, a ledger can be kept by a large number of computers that together create the network. Every time a new transaction is made, it is added by the miners with date, size, etc. to the blockchain as a new block. + +* **Block** + +The blocks are the "pages" in the digital ledger of the blockchain. These are files with immutable data that are permanently stored on the blockchain. + +* **Block reward** + +The block reward is the reward that miners receive for finding a mathematical solution related to that block. With Bitcoin, this reward is 25 Bitcoins per mined block. This halves every 210,000 blocks. + +* **BTFD** + +Buy the f \* cking dip! This term is used when the price of a cryptocurrency or the market is in a dip. People are inclined to leave because they are afraid of losing. But a dip offers opportunities to buy a coin or token cheaply before it starts to rise again. + +* **Buy the Dip** + +Same as BTFD only without the expletives. + +* **Bull market** + +A bull stabs its horns and throws you up. That is why a Bull Market is a market where the trend is in an upward movement. Prices are rising and sentiment is positive. + +* **Cold storage** + +Cryptocurrency is stored “offline”. You do this if you want to safely store coins for a longer period of time. A hardware wallet is an example of cold storage. + +* **Cryptography** + +Also called secret writing. This focuses on techniques for hiding or encrypting information to be sent so that it is impossible for anyone accessing the channel on which it is sent to find out what information was sent. + +* **Cryptocurrency** + +A kind of digital currency based on cryptography. This concerns both Bitcoin and other altcoins. + +* **DAO** + +A DAO is a "decentralized autonomous organization" and can be described as an open source blockchain protocol governed by a set of rules, created by its elected members, that automatically perform certain actions without the intervention of intermediaries. + +* **dApps** + +These are decentralized applications (dApps) are digital applications or programs that exist and run on a blockchain or P2P network of computers rather than a single computer, and are beyond the reach and control of a single authority. + +* **DeFi - Decentralized Finance** + +DeFi, or decentralized financing, is a new way to conduct financial transactions through applications. It excludes traditional financial institutions and intermediaries and is run through the blockchain. Think of it as removing brokers, exchanges, banks and other middlemen from the equation. + +* **DEX** + +A DEX is a Decentralized Exchange or a decentralized exchange. Decentralized exchanges are a type of cryptocurrency exchange that allows direct peer-to-peer cryptocurrency transactions to take place online securely and without an intermediary. No identification is required at these exchanges. + +* **Distributed & Central Ledger** + +A distributed ledger is an agreement of shareable, shared, and synchronized data, which in this case is spread across several networks. These networks are then distributed over many computers. + +With a central ledger, the synchronized and shareable data is controlled by one network or individual. + +* **Double Spending** + +This means that a particular cryptocoin can be spent more than once. This stops the blockchain from working. + +* **Dust Transaction** + +A transaction of extremely few coins that represents almost no value, but takes up space on the blockchain. + +* **ECDSA** + +Elliptic Curve Digitial Signature Algorithm is a lightweight cryptographic algorithm used to sign transactions on the Bitcoin protocol. + +* **ERC20 token** + +An ERC20 token is in some ways comparable to Bitcoin, Litecoin and any other cryptocurrency; these tokens are assets based on blockchain technology. They have value and you can send and receive them. ERC20 tokens are only issued on the Ethereum network. + +* **Escrow** + +A concept in which financial assets are held by a third party to protect them during an asynchronous transaction. + +* **Fiat money** + +Currencies that were once backed by gold (golden standard). Currently it only has value because people value it. + +* **FOMO** + +"Fear Of Missing Out". This often occurs when a cryptocurrency increases in value so quickly that people are afraid that they will miss the boat to riches, causing the price per coin to be even higher. + +* **FUD** + +"Fear, Uncertainty, Doubt". This crypto term is often used to describe the volatility of the crypto market. + +* **Fork (branch / split)** + +A fork happens when an alternate operational version of the current blockchain separates permanently. This can be done in three different ways: + +* By a 51% attack +* Because there is a bug in the program +* Because new substantial changes have to be made to the current blockchain. + +* **Genesis block** + +The block mined first in a blockchain + +* **Halving** + +This means that the minable reward (see block reward) is halved. This happens every time with a certain amount of mined blocks. With Bitcoin, for example, this is for every 210,000 blocks. + +* **Hash** + +A mathematical process that takes a variable number of data as input and produces a shorter result of a fixed length. + +* **Hashrate** + +This is the speed at which the math problems for certain blocks can be solved. In other words, the speed at which a new block can be discovered. ASIC mining, for example, causes the hash rate to go down. + +* **HODL** + +Originally 'Hold' was meant, but in a tipsy mood a chat participant kept talking about how he was 'hodling' his coins. This quickly became a meme and now it has become established in the crypto world and means holding onto your crypto coins for the long term. Sometimes it also refers to 'Hold on for dear life'. + +* **ICO** + +Stands for Initial Coin Offering. This is a form of crowdfunding, where the public can invest in a blockchain startup in advance. As a thank you for the financial support they are rewarded with a certain amount of coins. + +* **IEO** + +This is an Initial exchange offer. It is a variant of Initial Coin Offerings (ICO), managed directly by cryptocurrency exchanges. + +* **KYC** + +This stands for 'Know Your Customer'. It refers to the verification process that customers must go through to verify their identity and associate it with a cryptocurrency wallet. Crypto exchanges gain a better understanding of the potential client's activities and can determine whether or not they are legal in nature. A legal requirement for many central exchanges (CEX) to admit customers to their fair. + +* **Mining** + +Mining is the crypto term used to search for new block rewards. For finding and solving blocks, a reward is given to the miner. + +* **Moon** + +When a cryptocurrency "goes to the moon," it means people think its price will rise exponentially. + +* **Multisig (multiple signatures)** + +Multisignature is a form of technology that ensures that extra security is added to Bitcoin transactions. Multisiganature addresses require another user to sign the transaction before it can be added to the blockchain. + +* **NFT** + +An NFT is a Non-fungible Token. They are unique and cannot be exchanged. They live on the blockchain. + +* **Node** + +A node is a computer connected to the crypto network that uses a client tasked with validating and tracing transactions. Each node receives a copy of the current blockchain, which is automatically downloaded when it joins the Bitcoin network. + +* **P2P** + +This stands for peer-to-peer. A (crypto) term that refers to computers that directly build a network with each other without a central server in between. + +* **Privacy coin** + +These are a class of cryptocurrencies that enable private and anonymous blockchain transactions by obscuring their origin and destination. Some of the techniques used include hiding a user's real wallet balance and address, and combining multiple transactions to circumvent chain analysis. Examples are Monero (XMR) and Zcash (ZEC). + +* **Private key** + +A string of letters and numbers that is kept secret by the user. It is specially designed to sign a digital transfer using a public key. In the case of Bitcoin, this is a private key that must work with a public key. + +* **Public key** + +A string of letters and numbers that is public and can be viewed by anyone. This can be used in combination with a private key to sign a digital transaction. + +* **Pump and Dump** + +This is a crypto term used for the unethical process of pumping and dumping a relatively cheap coin. The coin is first obtained in a very cheap way by a certain group of persons who then "pump" the coin (make its value rise sharply) by advertising it a lot. When the coin has appreciated enough, they dump their coins with a lot of profit, leaving a large group at a loss. + +* **PoW** + +Stands for Proof-of-Work. This is a system that links computing power with mining capacity. The more powerful your computer can mine, the more you will be rewarded for this. + +* **PoS** + +Stands for Proof-of-Stake. This is a system that links the interest in a particular crypto coin to the mining capacity. This means that the more tokens you own of a particular crypto coin, the more you can mine this coin. + +The PoW and the PoS are both consensus algorithms. With this mechanism you can organize as a user, but also machines, in a distributed environment. All agents, the nodes of a blockchain, must agree on a single source of truth. Even if some of the nodes fail. This means that the system must be fault tolerant. + +* **DPos** + +Stands for Delegated Proof-of-Stake. This is a variant of Proof of Stake that uses supernodes or masternodes to approve transactions. + +* **Scam coin** + +A coin created for the sole purpose of making the creator of this coin rich (usually through pump and dump). + +Often this is accompanied by a Pyramid scheme. A pyramid scheme is a business model that recruits members through a promise of payments or services to enroll others in the scheme, rather than providing investment or selling products. + +* **SHA-256** + +The cryptographic algorithm used for Bitcoin's PoW system. + +* **Signature** + +A signature is a mathematical process by which someone can prove that he / she is the owner of his / her wallet. For example, a "private key" is used. + +* **Smart Contract** + +A two-way smart contract is an immutable agreement that is recorded on the blockchain, containing specific logical actions that are comparable to a "normal" contract. Once this contract has been signed, it can never be changed again. A smart contract can be used to set certain benchmarks that must be met in exchange for money. + +* **Wallet** + +See "address" + +* **Whale** + +A whale is someone or a company that owns a large percentage of a particular crypto coin. It is often the case that a whale can also manipulate the price of this crypto coin. + +* **Whitepaper** + +A document that describes in detail the protocol of the crypto currency. + +* **Yield Farming** + +Yield farming, this is also known as liquidity mining. This allows you to generate a way for rewards with cryptocurrency holdings. In simple terms, this means locking cryptocurrencies and receiving rewards. This happens on DeFi projects. +About 1 year from finishing my MD with a background in investment banking and tech (not SWE) before med school. I’m still planning on doing residency, but spend a lot of time thinking about working in tech, ideally in a role that cares/pays more for my MD and board certification. Given my prior work experience, I already know that I don’t want to go back into IB/PE or management consulting. Generally, everyone I know who has gone through my decision in the past recommends doing residency before a nonclinical career, except for a couple of people I know at McKinsey and some shiesty VC founders looking to poach med students before residency. But, recently the prospect of 3-5 years of shit pay in residency as well as other bullshit associated with medical training has been making me question whether residency is worth my time. + +Update - just thought I should include a little more info. I am deeply interested in the specialty I plan on matching into (and have a very high chance statistically of matching into it). The way my mind works and the shit that gets me excited is extremely well aligned with this field. Having said that, I’m just a guy with a lot if interests. There are a shit load of opportunities for these doctors non clinically. I’ve gotten a lot of thoughtful advice on here, and it’s definitely great to connect and learn something with so many people in this sub. And, if anyone is considering a career path that relates to what I’ve discussed and would like some advice/perspective/feedback, feel free to send me a DM +I’m trying to apply the Fama French model in python. But all the examples I’ve seen from the net so far have used data only from the original Fama French research. Is there any way I can apply it to my own basket of stocks? Can the factors be calculated numerically? + +Is FF generally good as a portfolio management strategy? +I’m looking for a strategy to follow as a beginner option trader. Weekly options are better for my nerves. I feel that I get nervous and over manage when trading long term options. + +How do you scan to find opportunities? +What types of spreads do you use? +and how do all this tie to a strategy I can use to keep using every week? + +I look forward to learning. +Some background, Im a 17 y/o high schooler with a guilty pleasure for financing. I’m interested to know what you all would have done differently/would recommend doing at the beginning of your FIRE, and what you would do in my position. +How in the world are normal people supposed to afford buying a house here (US) right now? + + +I make 65k a year, as a 32 y/o male. Single, no kids. The cost of a house, 3 bed 2 bath with a small yard, in a decent neighborhood where I live is 400k. It was 230k 5 years ago. + + +I just don't see how I'll ever be able to afford one without finding a job in the middle of the boonies somewhere and moving. I wasn't able to get a decent job making a livable wage until a couple of years ago, so I'm behind on the savings. Besides a 401k for retirement, I have a standard investing account with my broker that currently has 15k. I expect I'll probably be making around 85k in a couple of years, but even with that and my credit score (760 last time I checked) I don't see how I could manage a mortgage at that cost. + +It's like a rocket blasted off with all the current homeowners to the moon, and I was too late to jump on because I wasn't making enough money at that time. It's really bumming me out. + +Edit: For those giving suggestions, I appreciate it and will consider them. For those offering empathy, I definitely feel it and thank you. For those saying that I’m not allowed to own an average house as a single dude on an average income and should change what I want, I can’t help but wonder what your mentality would be if the housing market was like this 10 years ago. +I live in the Midwest, sticks Mansion type of deal. Growing up everybody loved Trick or Treating, and specifically most people loved coming to my neighborhood. We were “The Neighborhood” in our area to go to for Halloween. People would drive 20-30 minutes to take their kids trick or treating here. Everybody went all out with Decorations, King Size Candy Bars or enough candy given to equal one. People even got Bouncy Castles, professional costumes that ran up into 5 digits, food truck type stalls with free food too. + +However, it seems that in the last 9 years, the amount of people coming has declined dramatically each year. Even if Halloween is on a Weekend with good weather, there’s just way less people. No new major developments have come up either. I just think culture has changed and kids don’t care anymore. We used to never be able to even close the door for more than 20 seconds. Now 20 minutes go by before the next group of kids and it’s just neighbors taking their kids by golf cart or utility vehicle lol. I know people may say Covid, but I really don’t think so. Last year I saw a bouncy castle and food stalls still even with barely anybody going around. + +I’m curious if this is happening in other places too? Anybody reluctant on spending $2-5k on decorations and candy anymore with not that many people coming? I know some of my neighbors will do it out of tradition, but honestly seems pointless now if you don’t have young family members. This year we just went straight to Thanksgiving decorations. + +TLDR; Do people spend money on Halloween anymore? +Hi al. + + I have never given the stock market a try before , but with today's market I'm planning to get in as I have 70 thousand that Will not need for the next 5 years. + +The market always looked very scary to me. It could be due to my father’s continuous warnings to us when we were younger as he lost alot of money especially during the 08-09 crisis. + +Could you please advise on the below strategy. + +I'm planning to divide my money between the following + +- Microsoft +- Google +- apple +- FB +- Intel +- Canadian big 5 banks +- JPM +- JNJ +- KHC +- Pepsi +- Cocacola +- PG +- SBUX +- Mcdonald +- BRK.C +- NKE +- Disney +- S&amp;P , Nasdaq , TSX and Dow jones ETF’s +- lastly will put smaller amount of money into these risky stocks ( Uber , AC, LUV, XOM, ENB) + +My family advised me to ask an advisor but I don't think there is much he/she could offer me beside taking a percentage? These options sound to me like solid investments that will return my money for sure in 5 years with a good profit? I'm I right ? What do u guys think ? Any additional stocks u recommend or maybe some stocks to remove? + +Of course I missed the greatest chance when the market bottomed as it took time to open my an account with an online broker :( + + I'm not intending to buy now and my entry point would be when the markets drop 300-500 points then I buy more gradually if market continue to drop? + +Does this sounds like a plan to you guys? + +Thanks for all your input +As the title states, I'm in a bit of a sticky situation. I recently found out that my co-worker is making $2/ hour more than I am (Dental Hygienist). We were all explicitly told not to talk about wages when we received raises in the past/ got hired, but now that I know (think I know/ someone else let it slip), I want to approach my boss. I am hoping to say something along the lines of: + +>I recently heard that Jane makes $2/ hour more than I do, and I have been with you 6 years, I am the office sterilization officer, do the orthodontic cases, and am always willing to try and learn new techniques/ machines. I feel a little betrayed by this fact and think it is only fair that I at least match this wage, but ultimately believe I deserve more based on what I do do around here. + +Is this even an appropriate thing to approach my boss about? I'm not technically supposed to know what Jane makes and I feel weird about the whole thing, but I know if it is true I won't be able to just keep working. + +Thanks! +Today marks a historic day in Crypto's young history, as its total Market Cap exceeds 1 Trillion Dollars for the first time ever. ($1.000.000.000.000) + +https://preview.redd.it/rreyvk5iss961.png?width=1240&format=png&auto=webp&s=0e05be8cab664a0dca0e1026339e94d835a182d1 + +I wish to use this opportunity to thank you all for contributing to making my experience in this market simply amazing. + +Good fortune to you all. + **Credit Suisse is leading the charge, revealing this week that the investment bank will need less employees on the other side of the coronavirus crisis as a result of lower growth and looming credit defaults.**  + +The popularity of online banking has also reduced the need for branches, CEO Thomas Gottstein said. The company's staff could work remotely for 10% to 20% of the time and the bank also anticipates needing less office space, Gottstein predicted, according to the [Business Times](https://www.businesstimes.com.sg/banking-finance/credit-suisse-ceo-says-will-need-fewer-employees-after-crisis).  + +The bank is looking at streamlining "many processes," he said, likely trying to come up with a nice way to say *"we're firing every single non-essential worker in the middle of a global pandemic that we can find."* + + **A margin loan provided to the billionaire founder of Luckin Coffee helped exacerbate the company's Q1 loan loss provisions**, yet Gottstein says high net worth business in Asia remains an area for growth.  +I'm sure there are those that claim they intend to HODL forever. That's great n all, but some of us wanna make some money too... + +So for those who plan to sell at some point, what is your ETH sell price? +I was at the fuel pumps at Sam's Club next to a guy in a newer type Mercedes. He picked up a screw citing it would have punctured a tire. Told him he a good man for that. I joked that I am sooooo poor, I can only replace tires 2 at a time. He subsequently tried to hand me some $$. At least a $20 USD citing he needs the blessings (buying good karma) I refused and told him to give it to someone who really needs it. + +Man got me wondering if I'm really f###ing poor af. 😑😑😑🙁🙁😕. +There have been a number of posts on here about the MOASS being the biggest transfer of wealth and that this will be used to do good in the world. The fact of the matter is, there should be no need for Apes to have to rectify the world's wrongs. + +Don't get me wrong, I live in a relatively deprived area. All the tell-tale things, like lower life expectancy, lower academic achievement, reliance on food banks and so on. I plan to do as much as I can with my tendies. + +However, the root of all these problems is the greed and corruption of the 1%. That cannot be let pass. It doesn't matter where on the political spectrum you sit, if the market operated as it was supposed to the 1% would still be filthy rich, but everyone else would be ok. + +We wouldn't need to argue about paying for free at point of access health care, or a real living wage. There is plenty to go around, more than enough. The 1% are nothing but leaches sucking the life from humanity. + +You are worth every penny my fellow Ape. Please, when you're in tendy-town, don't forget their greed. Its inhumane. + +EDIT: WEN LAMBO +Monday, July 26, 2021 + +MOON $0.2281 + +DOGE $0.2104 + +Congratulations everyone. This amazing community containing plankton to whales has done something truly incredible. We will all look back on this day and laugh as the Dogers claiming it will hit $1 with no understanding of tokenomics are crying while we are laughing and shit posting to a better life. + +I'm happy I was here with all of you to witness greatness happening. + +Edit: If you're wondering how to get moons, make sure to click on your profile pic and activate your vault! Back up your seed and the. Start contributing by posting, commenting, and upvoting to earn moons! They're distributed once a month +I am hereby requesting to sticky a warning about shorting calls on NKLA. I can tell you from personal experience, that these WILL be exercised, as soon as they are in the money. This will leave you with a 900%+ annualized borrowing fee, untill your short position is covered. Thats $180 per lot per day. +This risk is of concern for every strategy, that involves selling a naked call. In particular Iron condors and call spreads. + +My experience: +I sold 25 call credit spreads, that went in the money. The short leg will be settled today (friday). I exercised the long leg immediately, when I noticed yesterday. But it will not be settled until monday. This will leave me with a short position over the weekend. Comes monday, I will be looking at a loss of over $13,500. That is on a $4k account... + +I have seen stories like mine on wsb too. Please prevent other traders from making the same mistake. Sticky a warning. + +Update: The results came in as expected. I was fined for 3 days. The fee was $13,700 +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. +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) +How high is too high. NVX has been on a crazy run and without a doubt whenever anything’s gets this much momentum it will hit a crazy peak and then crash back down to a sustainable level. What’s everyone’s game plan and predictions on how high it could go? +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) +So March was a crap month for most of us, unless you were in DW8 (congrats and fuck you to all of them)... So let's do a little competition... What stock is most likely to double in the next month ? + +Place your bets... +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Just thought I would let people know that if you've received a letter telling you your Virgin Media is going to increase in price , call them up and you don't even have to speak to someone to get it removed from your bill. I keyed in my account number/area code, and they had an automated message that says something like "press 1 if you want the £4 increase waived, or hold to speak to someone". + +Sounds mad, and it is, but their business model is to hope X% don't bother to even call. + +EDIT -- + +God, I expected 3 up votes and maybe a comment, glad lots of you are saving money. Lots of good additional advice below so take a quick scroll. A couple of additional points to raise: + +* If you take the offer to reduce your bill by £3.50/£4 it's only for 6 months, they do make this clear. If they're raising your bill I think you will have right to cancel, and accepting the reduction probably means you loose this right, so bear that in mind. +I assumed most people reading this subredit would already have significant reductions included, if not and you've let the bill increase by a few quid each year see the next point. +* If you want to put in more effort, stay on hold, and negotiate with an actual person that can potentially get you better results. The first person you talk to will probably be their 1st line offshore call centre, when they tell you their offer is the best **they** can do they're not lying, but the key point is **someone else** can probably offer better. Tell them you're still not happy and ask to be put through to someone that can give you a better deal. +* See the below conversations on other negotiating techniques, the best one seems to be having an alternative supplier quote at hand that you can give them. Another technique is to cancel, and wait/hope retention's call you back with a better offer. Reports below of this working most of the time. +* It's always good to keep on top of any rising bills, shop around for comparisons, and ring your current provider armed with that info to get them to drop it. Most will want to keep you, and if not you already know who to switch to. This includes broadband, cable TV, mobile phone bill, Gas/Electric, Car/house/other Insurance etc. +I work for a small company of about 30 people. In October of 2020 I received a raise to put me at $65,000 as well as a bonus of $5,000. My employer told me “I want you to for sure have made 6 figures by this time next year, and if that’s not the case then come talk to me”. Since then I have not received any additional bonuses or pay increases. + +I know that management thinks I am an extremely valuable asset to them, and it would be a pain to them if they were to lose me. My manager told me during my promotion “if you ever ever consider leaving, come talk to us first, we don’t want to lose you”. + +Our company has always been extremely good about compensation and nobody who works here has ever felt wronged by them. I am planning to talk with my manager at the start of September and bring up our conversation from what will be 11 months prior. + +Similar positions at competing companies within my industry pay more in the range of $120,000. I am planning on bringing up the fact that I could be paid more elsewhere, but have also considered interviewing for another position to use that as leverage in my discussion. However I truly love my current company’s culture and people too much to actually leave. + +Does anyone have advice for points that I should go into the meeting with, and any raise talk advice in general? Any help is greatly appreciated. +We are getting ready to buy our first home so to ensure that we have plenty enough to cover any new furniture, repairs, closing costs or other expenses we decided to review our budget to cut back on anything extra. We took the time to centralize our contact information for paying bills and accounts for logins. While going over our insurance policy we realized our auto policy expired 3 months ago! Without having reviewed our important documents and budget we could have missed this for who knows how long. Reviewing our budget might just have saved us from a financial disaster. + +If you don’t have a budget start today!!! +I found these 3 world ETFs and don’t know which one to choose: + +iShares Core MSCI World UCITS ETF (IE00B4L5Y983) + +SPDR MSCI World UCITS ETF (IE00BFY0GT14) + +Vanguard FTSE All-World UCITS ETF (IE00BK5BQT80) + +&#x200B; + +They are all accumulating + +Vanguard ETF includes emerging markets and is pretty new + +TER: iShares 0.20 %, SPDR 0.12 % and Vanguard 0.22 % + +I have not yet invested in any of them and would like to know which one you chose/would choose and why? If I chose iShares or SPDR, do you think I should invest in emerging markets as well? + +Btw. I found out that for all of these ETFs there is USD, GBP and EUR version. Since I don't use any of these currencies, which one should I choose? Or is it pretty much irrelevant? +I live in France and take home salary is 3100 euros per month. + +After all my bills and outgoings have been paid I am left with 1200 € to save each month. + +I currently: + +Save 1000 € into 2% savings livret A +I put 200 € into Premium Bonds (UK) + +I used to put 100 euros into Wise ETF but it's all in the red so like to keep just just 1k € in there + +What should I be doing? + +My current job has 18 months left (CDD) and will pay of the mortgage in 3 years. I have 10k in accessible cash just sitting in livret A which is also my emergency fund. + +Thank you kindly +I'm a 19 year old Irish citizen/resident with around €8000 in savings at the moment (will be a bit under 11000 at the end of the summer after I get paid for my summer job). I'm hoping to move to Germany for university (haven't been accepted yet though), and cost of living (including rent) I estimate to be around 850-900 euros. I will probably receive the Irish SUSI grant (~260 euros a month) and the rest will come from whatever my parents contribute + savings + hopefully a part time job at some point. + +Currently, my plan is to: +- start a €500 emergency fund. This is more long term (e.g after graduation) since any short term emergency I can rely (somewhat) on my parents for. + +- €1000 rainy day fund. This would be for stuff like broken laptop/phone etc. +Then with the remaining ~10,000 I would like to split roughly half into living expenses for the next year(s), and the other half into some kind of long term investment (5+ years). + +My questions are: + +- is this a good plan? Should I prioritise something else (e.g larger emergency fund) or is this a good balance? + +- what is the best way to invest in an ETF (S&P 500) as an Irish citizen/German resident? If I invest via something like Degiro, how safe are my funds? If a broker goes bankrupt, what happens to my money (just considering current economic situation)? + +- Is an ETF a good investment or at the moment, or should I explore other options as well? + +- Just practically, what is the best way to hold the different funds? I currently have a credit union account which I use as my primary savings account, a current account tied to my debit card, and a Revolut account. Does it make sense to create two Revolut vaults for the emergency/rainy day funds? + +- Any other advice that I should take into account? + +Edit: formatting +Hello, + +I am living in Portugal and work as a Software Engineer remotely for a tech company on Utrecht. My wife is a new QA Tester on a tech company in Portugal (only eight months of experience) + +I make enough money to live in Portugal (3.6k Gross and 1.9K net), however my wife doesn't (only the minimum salary for Portugal 600 euros), she doesn't have an IT degree background, so we are accepting that for now. + +We are planning to move from Portugal for this and other reasons, and our choice is between Edinburgh, Scotland or Utrecht, Netherlands. + +I would like to hear the experience from you guys about being financially independent in these countries. What should I expect? + +My big goal is to have 1 million euros and my small one is first to get 250k euros. + +We don't spend a lot of money, and we invest every month and probably our emergency fund will be spent on this moving planning. +Hello RE community, + +I'm new to RE investing and recently closed a property. + +My agent mentioned briefly that they form a new LLC for every property they buy. + +I understand that LLC per property restricts scope of liability to that LLC only. + +Where can I under the long term merits and demerits of LLC per property? +What have you done that helped you in long term? + +I plan to buy more property in future. +For a first fix and flip im looking at going for a $130 purchase with a $100k roughly for a full house rehab. House has a Arv of 400-500. Going full hard money hoping with a 6-8 month flip. Am i aiming too high ? +India has decided not to join Regional Comprehensive Economic Partnership(RCEP) agreement as PM +@narendramodi + takes a firm stand on India's core concerns and in the interest of Indian farmers, MSMEs and dairy sector. +https://twitter.com/PBNS_India/status/1191334229734387712?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1191334229734387712&ref_url=https%3A%2F%2Fswarajyamag.com%2Finsta%2Fpm-modi-india-has-decided-not-to-join-regional-comprehensive-economic-partnershiprcepRCEP +I guess my questions will be applicable mostly to newly married couple looking to buy Term insurance under MWP act but couldn't find any reliable information online. + +I'm looking to buy Term insurance under Married Woman Protection Act to ensure that the claim amount will only be received by my wife and the child. + +One would have to specify the nominees details while buying the policy with MWP act and can't change the details (even in case of divorce.) + +I'm 32 and planning to have baby in next couple of year. I need to buy the term insurance this year itself. The question I've is that + +1. Is there a way I can specify the unborn child as nominee? + +2. If not, is there a way to add our child as nominee at later point in time? Couldn't find any information related to same. + +3. What happens if someone buys a term insurance under MWP Act keeping wife as the only nominee but (God forbid) husband/wife passed away at same time in an unfortunate accident.? + +. +. +. + +Edit 1: +The article below says the beneficiaries can be defined either by class or by name. Not sure if insurance company allows specifying nominee by class. + + +"The policy can also be a named policy meaning the name of the wife and the child/children are mentioned in the plan or as a class by not mentioning the names." + +Article: https://taxguru.in/corporate-law/married-womens-property-act-1874-provision-related-insurance-proceeds.html +I guess my questions will be applicable mostly to newly married couple looking to buy Term insurance under MWP act but couldn't find any reliable information online. + +I'm looking to buy Term insurance under Married Woman Protection Act to ensure that the claim amount will only be received by my wife and the child. + +One would have to specify the nominees details while buying the policy with MWP act and can't change the details (even in case of divorce.) + +I'm 32 and planning to have baby in next couple of year. I need to buy the term insurance this year itself. The question I've is that + +1. Is there a way I can specify the unborn child as nominee? + +2. If not, is there a way to add our child as nominee at later point in time? Couldn't find any information related to same. + +3. What happens if someone buys a term insurance under MWP Act keeping wife as the only nominee but (God forbid) husband/wife passed away at same time in an unfortunate accident.? + +. +. +. + +Edit 1: +The article below says the beneficiaries can be defined either by class or by name. Not sure if insurance company allows specifying nominee by class. + + +"The policy can also be a named policy meaning the name of the wife and the child/children are mentioned in the plan or as a class by not mentioning the names." + +Article: https://taxguru.in/corporate-law/married-womens-property-act-1874-provision-related-insurance-proceeds.html +My previous post here had a lot of people come out and say Shkreli has done a terrible job of managing his previous companies and using unscrupulous means to get to where he is today. I'm curious how you can do that and come out with 40 million dollars. + +It definitely was not salary. So how do you get 40 mil in the bank doing a poor job? Genuinely curious +My fiancée signed a contract where it was explicitly written that she be paid 8k. Everything went smoothly and she was paid without an issue, however, our question now is how will this impact her taxes come next year? Will she get smacked and owe a bunch? The only way her or I have been paid in the past was formally and comes along with a W2 and all that jazz. +The proposed rule change clarifies the scope of the Clearing Agency Model Risk Management Framework (“Framework”) of NSCC and its affiliates The Depository Trust Company (“DTC”) and Fixed Income Clearing Corporation (“FICC,” and together with NSCC, the “CCPs,” and the CCPs together with DTC, the “Clearing Agencies”).5 + + +https://preview.redd.it/avue54yqk6b71.png?width=644&format=png&auto=webp&s=77181ecac3da9667e9b0166f6a7fdb0f92a18be9 + + +[https://www.sec.gov/rules/sro/nscc.htm](https://www.sec.gov/rules/sro/nscc.htm) + + +[https://www.sec.gov/rules/sro/nscc/2021/34-92381.pdf](https://www.sec.gov/rules/sro/nscc/2021/34-92381.pdf) +What is a smart contract? How do smart contracts work? And what are they good for? I'll try to answer these questions in this post. + +## What are smart contracts? + +A smart contract is an agreement between two or more parties in the form of computer code. The contracts are stored on the blockchain and cannot be changed. Transactions that take place in a smart contract are processed by the blockchain, which means they can be sent automatically without the intervention of a third party. When you enter into an agreement with a smart contract, no confidential advisor is required. The transactions only take place if the conditions in the agreement are met. + +## What can smart contracts do? + +Smart contracts help you exchange money, stock or anything else of value in a transparent, trustless manner, all while avoiding the services of an intermediary and the possibility of conflict. Smart contracts provide you: + +* Autonomy - You are the one who makes the deal and you don't have to rely on an intermediary to confirm transactions. The execution is automatically managed by a decentralized network, which excludes manipulation of contracts. +* Speed ​​- Automated contracts can save you hours on manual paperwork. +* Security - Smart contracts are secured with similar cryptography that encrypts websites. In short, it keeps your documents safe. +* Savings - Because they disable the presence of an intermediary, smart contracts can save you a lot of money. Where, for example, you would normally have to pay a notary to witness your transaction, this is now regulated by the blockchain. +* Backup - Unlike files on your computer, data on the blockchain is duplicated many times over. So you do not have to be afraid of losing something that is registered on the blockchain. Also, there is no way anyone can say they lost the contract or the dog ate it. + +## A smart contract in effect + +As an example; If you were to register cinema tickets on the blockchain using a smart contract, then as a visitor you will receive the tickets in your personal wallet. You only have to show the address to which the tickets were sent upon entry and the cinema can immediately be sure that you do not have any fake tickets and that you have actually paid for your tickets. This gives a better customer experience and the cinema can save a lot of costs in this way because it no longer needs ticket processing services. + +## But why is this so safe? + +Thanks to blockchain technology, we can decentralize smart contracts so that they are fair and trusted. Decentralization means that they are not controlled by one central party, such as a bank or the government. + +The blockchain is a shared database managed by many different computers (nodes). As a result, not one person or company has control over it. It also means that it is almost impossible to hack it and therefore smart contracts can be executed securely and automatically without anyone being able to change them. + +## Best practices for smart contracts + +In principle, smart contracts can be used for any type of transaction, it does not have to be financial. Here are some industries where smart contracts can be used conveniently. + +## Insurances + +The insurance world could be shaken up considerably by blockchain technology. An example of a smart contract was a project run by a French insurance company called AXA. AXA offered flight insurance that were paid out if the policyholder's flight was delayed by more than two hours. AXA was running a pilot project that payed out insurance via smart contracts on the Ethereum blockchain. Unfortunately the project has been discontinued. + +The smart contract worked with an “if / then function”: IF the flight was delayed by more than two hours, THEN the policyholder would be paid. Because the smart contract was connected to a database that keeps track of flight times, the function could be performed automatically and paid for via the Ethereum blockchain. This would have saved a lot of time for AXA, but also for the policyholder. This is just one example of the many options that smart contracts offer. + +## Healthcare + +Within healthcare, smart contracts will be used to record and securely transfer data. We can already see examples of smart contracts used in the medical industry, such as the company Encrypgen, for example. This is an application that uses blockchain to transfer patient data in a secure manner, eliminating the need for third-party access. In this way, the patients are in control of their own data. If researchers want to use patient data, they have to pay for it. The patient also chooses whether the data may be sold or not. + +## Governments + +Governments guarantee that it is extremely difficult to manipulate the voting system, but despite that, smart contracts could alleviate all concerns by providing an infinitely more secure system. Smart contracts could also prevent low voter turnout. Much of the small turnout is due to a clunky system consisting of lining up a queue, showing your identity, and filling out forms. With the use of smart contracts, anyone can transfer their votes securely online, which is expected to generate much more response. + +## Business management + +There is still a lot of room for improvement within business management and smart contracts can help a lot. Why do administration when everything is registered on the blockchain anyway? Right, the blockchain is already doing the work for you. You also do not have to make a pay slip every month. The money automatically goes to your employees as soon as they have fulfilled the agreements. Companies can simply set up a smart contract that states: IF the date is 10/20/2020, THEN $2500 will be sent to employee A. This means that employees will always be paid on time and that they will never be underpaid. The advantage of the company is that it is all automated, saving them a lot of time and money! + +## Fundraising (ICOs) + +In principle, anyone could create their own token and sell it to the general public in order to raise money for a project. In 2017 there was a real ICO craze, where some projects managed to raise tens of millions within hours. There was even an EOS ICO that lasted for a year and racked up more than $ 4 billion in total! + +If you want to organize an ICO (Initial Coin Offering) you create a token and a contract to sell the token. The function of the smart contract in this case would be: if person A sends an X amount of ETH, person A gets an X amount of tokens. + +## Smart contracts in a nutshell + +The most important features of a smart contract are: + +* Digital Agreement - A smart contract is an agreement in the form of computer code. +* Blockchain - Transactions are processed by a public database, based on blockchain technology. +* Confidentiality - A transaction can only take place if the conditions in the agreement are met. + +## Conclusion + +It will be a while before smart contracts are everywhere in everyday life, but we can say with some certainty that the technology has a lot to offer. + +I hope this post helped you with: + +* Getting a better understanding of smart contracts +* Understanding the significance of smart contracts within the crypto space. + +&#x200B; + +* Next post: [NFTs](https://www.reddit.com/r/CryptoCurrency/comments/mexb51/defi_explained_nfts/) +* Wondering which crypto wallet you need? Check my post about wallets [here](https://www.reddit.com/r/CryptoCurrency/comments/mdjsrj/defi_explained_defi_wallets/). +Title says it all really. I've just started looking into investing now, and I'm gutted that I didn't start 5 years ago, because looking at virtually every stock it's seemingly gone up about 10 fold in the last 5 years. And what's really strange about it is, after everything initially went down after the pandemic hit, it's now gone up to even double what it was before the pandemic. But mostly there just seems to have been a huge jump in everything about 5 years ago. But perhaps more alarming, a lot of things were even significantly higher in 1999 and then there was a big crash in around 2000. So what's the situation, is everything just going to keep going up massively like it has been for the past few years, or are we going to see a reset to 2014 levels next year and then have to wait another 20 years for the next massive hike? +I've been having a tough time watching this "options = evil" dialogue play out, for two reasons: + +1. There's a complete lack of intellectual curiosity for how they work. +2. There's a sentiment growing where a vocal minority is trying to tell others how to invest + +To address the lack of curiosity about options - don't you want to understand what other instruments we have to inflict pain on our enemies? And even if you decide not to participate, don't you want to understand how our enemies are using options directly against us? + +* Guys, you know why Friday played out the way it did? The SHFs dropped the price by shorting the stock as much as possible to get their puts to be ITM, or in-the-money. They made $112 million off those puts. A put is an option that the price will decline in value. +* On the flipside, you've probably heard about gamma ramps. The SHFs and Citadel the market maker have been dodging gamma ramps for the last 6 months. Why? They could easily cause MOASS. By daisy chaining exercised call contracts together, we have the ability to require them to delta hedge, and when they haven't hedged properly, they need to buy the shares in the open market. As these calls get exercised and the price rises as a result, this is a gamma squeeze, which can eventually lead to MOASS. + +To address the badgering of those who DO want to try options - what is your reasoning? First of all, it's my money and we are all individual investors. Second, my sense is that one of the following is a justification, but none of them make sense to me: + +* You see options as a distraction from DRS. Yet DRS is going to take months, maybe a year to lock up the float. I've DRS'd everything I can - now what? Am I supposed to badger others to DRS, if they don't want to? Eventually, we'll hit a point of diminishing returns on DRS. This is also a multi-phased battle - you can take two tactics to win. +* You see options as giving premiums straight to the market maker - that might be true for bad weeklies or monthly plays, but for longer dated (3-6 months, or Leaps) call contracts near the money or slightly out of the money, you're not taking on that much risk. + +You're free to express your opinion, but I don't think it's fair to shut down the discussion around it, and I don't think you should be badgering others who want to use another tactic that has been proven to work with the VW squeeze, when Porsche locked up the float partially using call options. +Hey guys, + +This is just a warning to the community about some shady things going on regarding REEF. + +Recently there was a sudden increase of the circulating supply by 0.5 Billion, equal to 2.5% of the total supply (20 billion). Given that there is no information about this on their website, concerned investors have obviously been asking a lot of questions. My main trepidation comes from the response from REEF to these questions. + +On their official Telegram, askers are being flat out ignored, insulted or banned (and the questions deleted by admins almost immediately). On Reddit, mods are banning anyone deemed to be spreading "FUD", which is a conveniently vague term to use to rid themselves of anyone asking difficult questions. + +The one supposed answer (apparently from the CEO - in Telegram) was incredibly vague an obfuscating. It read: + +> There are multiple things happening in the background. Reef is expanding and will become a parachain as well (not just a layer on top of other parachains). There will be a stablecoin backed by the token as well. Some things are still being finalized and we cant announce until we are ready. As you could see the supply increase was not affecting the price (also, price discussions should be in the traders group). Additionally, we are in discussions with the best VCs on this planet (again cant talk yet about anything until things are finalized) + +If that isn't a politicians answer that just insults the intelligence of his own investors then I don't know what is. + +Other concerns: + +The team - the CEO (who is listed as co-founder on LinkedIn, though there is no other co-founder to be seen) gave a talk recently about how they are expanding the team. He brings up a slideshow showing the new team members and all of the names and information on these new team members is too blurry to read (I'm not making this up unfortunately). + +They recently announced that they will soon be announcing a HUGE partnership. I don't know about you guys but making an announcement of an announcement strongly suggests their main goal is pumping the price and not reliably informing their community. + +Reddit - their subreddit is full of accounts with between 25-100 karma constantly shilling the coin, claiming they've gone "all in" and drowning out anyone with legitimate concerns. The rest of Reddit and social media is also full of low effort shilling for REEF from accounts with virtually no posting history. + +Telegram - their Telegram seems to have a few core members who insult anyone asking real questions and voicing concerns (most people are limited to one message per 15 minutes - these members are not), their mods flat out ignore most questions and give either copy/paste or incredibly vague answers at best. Recently, their site was down and one admin claimed it was because the site was being developed (obviously very rare that a site would be completely down for maintenance - particularly at this time), but then the narrative quickly changed that it was in fact cause by a DDoS attack. Anyone asking about this downtime is currently being ridiculed. + +Anyway, I just sold my (quite significant) bags of REEF for the reasons outlined above. This is just meant as a word of warning to any investors/potential investors to tread carefully. + +It could be that REEF is 100% legit; these red flags could be purely coincidental and it could be that the marketing team and toxic community give an inaccurate impression of the overall project, but it just seems like too much risk, especially given the number of scams in the crypto space over the years. +tl;dr Bloomberg Terminal is either the worst $24,000 investment you'll ever make or the outstanding shares are over 1 billion. That's for you to decide. + +&#x200B; + +I have been wracking my brain for the last couple days trying to make sense of the Bloomberg Terminal ownership screen from last Friday. + +&#x200B; + +[Bloomberg Terminal \(24\/06\/2022\)](https://preview.redd.it/5u6jr65qte891.png?width=1919&format=png&auto=webp&s=da3b1e67c05f2023e3cffae0ffef1703c9d3e9d8) + +&#x200B; + +Screenshot from u/ravada's latest post which you can find [here](https://www.reddit.com/r/Superstonk/comments/vjzda9/24062022_gme_bloomberg_terminal_information/). + +&#x200B; + +I have 3 question. + +&#x200B; + +# 1. Why is insider ownership 0.86%? + +We can say definitively this number is incorrect. We know this from the the GME quarterly reports as well as the insider trading forms RC has filed. + +&#x200B; + +# 2. Why is the institutional % of shares held larger than the institutional % of float held? + +We can say definitively that this number is also incorrect. The only way that you could own more of the outstanding shares than the float is if the float is larger than the outstanding shares. + +&#x200B; + +# 3. Why is the individual ownership 5.6%? + +We can say definitively that this number is also (x2) incorrect. Ape’s have DRS over 15M shares (according to [stonk-o-tracker](https://gme.crazyawesomecompany.com)) + +&#x200B; + +&#x200B; + +Let’s start with the insider shares. I’m going to low ball it and say that the institutional ownership is 9.1M shares. This number is from RC Ventures last insider trading form. The actual insider ownership is higher because the exec team owns shares but I’m going to use 9.1M. + +&#x200B; + +Insider ownership percentage is the shares owned divided by the total outstanding. + +&#x200B; + +(9.1M / 76.13M) \* 100% = 12% + +&#x200B; + +Yahoo Finance has it at 16%. That would be upward of 12M shares, but again I’m lowballing to show how egregious the Bloomberg terminal data is. + +&#x200B; + +9.1M shares of insider ownership makes up 0.86% of the shares outstanding according to Bloomberg. Working backwards, that would make the “real” outstanding shares…. + +&#x200B; + +(9.1M/OS) \* 100% = 0.86% + +OS = 1,058,139,534 + +&#x200B; + +Yes, with a B. That’s over 1B shares outstanding. + +&#x200B; + +But wait! Remember my second question from above? The float is presumably larger than the outstanding shares. How much larger? + +&#x200B; + +Let’s talk through the math because this one is a little trickier. + +&#x200B; + +If I own 42.63 shares and there are 100 outstanding, I own 42.63% of the outstanding shares. + +If I own 42.63 shares and there are X floated, I own 35.55% of the float. + +42.63 shares/X float = 0.3555 + +X Float = 120 shares + +&#x200B; + +So 100 outstanding and 120 float. That was a little disjointed but hopefully you followed. That means the float is….. + +&#x200B; + +Float/OS = 1-(120/100) \* 100% = 20% + +&#x200B; + +20% bigger than the outstanding shares. + +&#x200B; + +Float = 1,058,139,534 \* 1.2 + +**Float = 1,269,767,441 Shares** + +&#x200B; + +Holy moly. And the total value? + +&#x200B; + +Value = 1,269,767,441 \* $125/share + +Value = $158,720,930,100 + +&#x200B; + +**That’s 158.7 Billion Dollars for those that don’t number so good.** + +&#x200B; + +And since we’re here, let’s divid that by the actual outstanding shares of 76.13M + +&#x200B; + +Value per Real Share = $158,720,930,100 / 76,130,000 + +**Value per Real Share = $2084** + +&#x200B; + +One final experiment before I go. Bloomberg has the individual ownership at 5.59%. If you use the real float that’s 4,263,280 shares. Obvious BS because we have locked triple that with DRS. + +&#x200B; + +What if we use the fake outstanding shares? + +&#x200B; + +Individual Ownership = 1,058,139,534 \* 0.056 + +Individual Ownership = 59,225,813 Shares + +&#x200B; + +And for shits and giggles let’s add the insider ownership. + +&#x200B; + +**59,225,813 + 9,100,000 = 68,325,813 shares** + +&#x200B; + +Pretty darn close to the actual outstanding shares. Keep in mind I'm severely lowballing and this doesn't include institutional investors. + +&#x200B; + +Could this be another glitch? Maybe. But this is a $2000 per month tool and you're telling me they can't even get the insider ownership right? I'm not buying it. I think the Terminal is picking up something that we haven't seen from other data sources. + +&#x200B; + +As always call me out if I have made a mistake. This is for entertainment value, not financial advice. Personally, I will keep buying, holding and registering. + +&#x200B; + +&#x200B; + +Edit: Good call out about RC Ventures being an institution and not an insider. But the ownership was disclosed in a Form 4 which is for insider trading. + +&#x200B; + +https://preview.redd.it/vj3avkws3f891.png?width=2168&format=png&auto=webp&s=9468058a72a686132546a0dc656ebf138e5af7b9 +[https://www.globenewswire.com/news-release/2021/02/02/2168338/0/en/Atossa-Therapeutics-Phase-2-Endoxifen-Breast-Cancer-Study-Produces-Substantially-Positive-Results-Allowing-Study-to-be-Halted-Early.html](https://www.globenewswire.com/news-release/2021/02/02/2168338/0/en/Atossa-Therapeutics-Phase-2-Endoxifen-Breast-Cancer-Study-Produces-Substantially-Positive-Results-Allowing-Study-to-be-Halted-Early.html) + +&#x200B; + +Great news for $ATOS owners, ahead of their conference today. There will likely be dips today before the conference, could be a good time to get in. + +This is not financial advice! I believe in their products. +[https://www.globenewswire.com/news-release/2021/02/02/2168338/0/en/Atossa-Therapeutics-Phase-2-Endoxifen-Breast-Cancer-Study-Produces-Substantially-Positive-Results-Allowing-Study-to-be-Halted-Early.html](https://www.globenewswire.com/news-release/2021/02/02/2168338/0/en/Atossa-Therapeutics-Phase-2-Endoxifen-Breast-Cancer-Study-Produces-Substantially-Positive-Results-Allowing-Study-to-be-Halted-Early.html) + +&#x200B; + +Great news for $ATOS owners, ahead of their conference today. There will likely be dips today before the conference, could be a good time to get in. + +This is not financial advice! I believe in their products. +Hello! I am a 22 year old engineering student with one semester left and projecting a day job of around $75K annually while living with my parents rent free to start. I have always been interested in investing and real estate with intentions to flip a handful of houses to build capital to purchase rental properties and pay off school debt. My dad is down to only a few years left until retirement and agreed to providing a loan for the first couple flips and will help work on the houses with me to split the profits. We both are handy man types and plan on doing the majority of the work ourselves. + +The question is, in your experiences is obtaining a real estate license for primarily access to MLS, potentially whole sale homes, and save on paying commission to a realtor worth the effort and money? I am from Michigan if that helps and fairly inexpensive areas. +Hello friends of reddit! + +I'm a young stupid kid in my early twenties looking to get started into real estate investments. Some general information about my financial situation. I have a pretty solid history of credit with a good mix of credit lines, low revolving balance, and on time payments. I currently work at a regional bank in customer service, and I'm almost finished with a degree in accounting (paid for by my job). Finally, I currently hold my real estate sale persons licenses in my home state. + +My philosophy is to enjoy the journey and embrace the struggle of learning a new skill. I really enjoy learning about the real estate industry, and have a passion for investments in general. I feel competent in my investments strategies in the stock market. However, real estate investing seem more difficult to master, down right intimidating. I've been reading around and clearly there are some very skilled people in this sub. That being said, what advise would you give yourself if you could start all over again? What mistakes could you have avoided if you did some more research? what mindset shift have you had since you gained experience? Finally, what was the moment that everything clicked for you? I can't wait to read your responses, and hear about your journeys! +Good morning everyone, this is an important update to what happened yesterday! + +&#x200B; + +First of all: I made a prediction in my post yesterday . The prediction would've become reality, if Hedgies didn't overshort with fake shares (more about that in a second). Why do I tell you this? I literally received death threats and insults when the market ended. Just a heads up: Those are PREDICTIONS, they can be faulty at times, especially when Hedgies do such unexpected things, that no Data can predict (again, more about that in a second). So please, for the love of god, don't harass me, insult me, or send me death threats when something like that happens. I understand your frustration, but don't target me. + +&#x200B; + +Now the juicy stuff; **What exactly happened yesterday? Here is a timeline:** + +&#x200B; + +**9:35 AM:** The market opened and we had a huge drop off in price and a HUGE spike in volume. Hedgefunds shorted over 18,363,000 Shares (over the first 5 minutes. The amount of shorting was so aggressive, that trading got halted twice within the first minutes. + +https://preview.redd.it/w8qgdhc52tj61.png?width=1174&format=png&auto=webp&s=312ade6cbbff842f8f1c2b85707b9ee414bc5af4 + +**9:45 AM TO 1:50 PM**: Trading pretty much went in our favor the whole time, people kept buying in, we hit the daily high of $185 at around 1PM and went sideways for almost 1 hour after that + +https://preview.redd.it/y22hod9b2tj61.png?width=622&format=png&auto=webp&s=bfc15d4f0d31ef8a0f2f1ebfaa90c412711b4b22 + +**1:55PM**: Shit gets interesting. Really aggressive shorting for the second time that day brings the price down to $126. At that point in time, between 5,000,000 and 7,000,000 shares were shorted in the blink of an eye. What stood out for me at that point in time is, that the price kept going in the same direction after every short attack (between $100 and $125). That tells me, it was really important to get the price down in that direction. (more in a few seconds) + +https://preview.redd.it/osl59mnb2tj61.png?width=525&format=png&auto=webp&s=dfb0f9aa432f6ca45348aa39708ba4786f6f6572 + +**2PM TO 3:25PM**: People buying in again, driving the price up to $140 - $150. And Now shit gets juicy. + +https://preview.redd.it/ha1vws1c2tj61.png?width=1049&format=png&auto=webp&s=dd0bd0a7e87335c977ce9581b3a19ef335e37c31 + +**3:30PM TO 4:00PM**: The 3rd aggressive short attack begins and keeps on going for 30 minutes, until the market closes. 10,000,000 shares were shorted in this time span. + +https://preview.redd.it/7hp3ktgc2tj61.png?width=1177&format=png&auto=webp&s=e4c655e876c22f10194d1e86c2e8c0edfe03e787 + +NOW THE ANALYSIS: + +**WHERE DID THEY GET SO MANY SHARES TO SHORT GME AND WHY WAS IT NOT PREDICTABLE?** + +So, how could no one forsee this? It's simple: Hedgefunds didn't borrow shares to short, they created them out of thin air. When the market opened yesterday, ALL available $GME Shares to borrow, were gone already (see my second edit from yesterday: **EDIT2 (10AM): 0 SHORTS AVAILABLE FOR $GME RIGHT NOW. THEY BORROWED OVER 2,100,000 SHARES TO SHORT FOR YESTERDAY AND TODAY**! ([https://fintel.io/ss/us/gme](https://fintel.io/ss/us/gme); [https://iborrowdesk.com/report/GME](https://iborrowdesk.com/report/GME)) What does this mean? Well, no one can predict or analyse how deep they are digging their grave right now, because they are not using real shares to short GME. They can just keep doing it in order to hold the price down artificially. + +**WHAT HAPPENS WHEN WE ADD UP TO SHORTS AND PRICE DIPS MENTIONED ABOVE?** + +Now it just gets stupidly funny and obvious. If we add up the three big short attacks (18,363,000 right at opening, 5,000,000 to 7,000,000 at noon and about 10,000,000 right before close), we get 33,363,000 shares sold short over the day. Why is this funny and obvious? Check the latest FINRA report. It states that yesterday more than 33,000,000 were sold short. That's almost exactly the number that we get when we add up the volume of the dips. + +https://preview.redd.it/d3vuakyd2tj61.png?width=453&format=png&auto=webp&s=494fb1b56197d7d997e2c0abdd2843f7bd538bcb + +**WHY DID THEY SHORT GME SO AGGRESSIVELY WITH FAKE SHARES?** + +Because bears are fuk. See, when GME would've closed in between $115 and $150, over 44.000 Call options would've become ITM. If exercised, that would've driven up the price AH/PRE or today in the high hundreds, maybe even thousands. Why is that so bad? The higher the price gets, the more calls get exercised (so called options chain), the more people jump in because of FOMO and we get closer to the magical $800 mark, where the MOASS would become inevitable this or next week. + +https://preview.redd.it/3djwn1de2tj61.png?width=700&format=png&auto=webp&s=3ce4f2b20c430b672e8d4a5701c39c327f368e7b + +**WHAT CAN WE LEARN FROM THIS LOOKING FORWARD?** + +Hedgies don't give a single fuck anymore. Even when all the data available states, that there are no more shorts available to borrow for GME, we found all of their ETFs where they hid their shorts, they keep shorting it to try and stop the MOASS. You know what they say: There is nothing more dangerous than an animal that's trapped in a corner and's got nothing to lose anymore. That's what we're seeing right now. No one can give accurate predictions anymore, that is based on data. This has evolved into a game of poor greed and emotions. They don't care about the long term results of their illegal actions, they just want to save their asses for some more weeks or even just days. + +IN SHORT: BE PREPARED FOR EVERYTHING, DON'T BE SCARED OF DIPS, THEY ARE MORE THAN LIKELY CREATED ARTIFICIALLY BY HIGHLY ILLEGAL SHORTING WITH FAKED SHARES! + +&#x200B; + +**TL;DR:** Hedgies are so fucked, that they just shorted GME with more than 33,000,000 non-existent shares yesterday, keeping the price down in order to stop the Gamma Squeeze from happening. The price would've jumped up to a few hundred, maybe even thousand dollars today if they didn't do it, which would've started the real squeeze today. They have nothing to lose anymore, so be prepared for more highly illegal action and don't get scared by fake dips! + +&#x200B; + +**EDIT(1PM EUROPEAN TIME**): According to this site ([http://shortvolumes.com/?t=GME](http://shortvolumes.com/?t=GME)), the short sale volume was 61 % percent yesterday, with a **short sale volume of 50,959,384. That doesn't mean that Hedgies opened 51 Million new short positions. I am being really conservative and sticking to the 33,000,000. If it's more than that, even better!** + +https://preview.redd.it/lmtsuxki0uj61.png?width=830&format=png&auto=webp&s=785f8991b72d084e264f5174ac446e619988b8bf + +&#x200B; + +**EDIT2: TO ALL THE PEOPLE WANTING UNDERSTAND NAKED SHORTING / COUNTERFEITING STOCKS, HERE IS A GREAT READ:** [http://counterfeitingstock.com/CounterfeitingStock.html#:\~:text=In%20the%20context%20of%20this,the%20company%2C%20is%20considered%20counterfeit](http://counterfeitingstock.com/CounterfeitingStock.html#:~:text=In%20the%20context%20of%20this,the%20company%2C%20is%20considered%20counterfeit). + +Quote: " **Naked Short** — This is an invention of the securities industry that is a license to create counterfeit shares. In the context of this document, a share created that has the effect of increasing the number of shares that are in the market place beyond the number issued by the company, is considered counterfeit. This is not a legal conclusion, since some shares we consider counterfeit are legal based upon today's rules. The alleged justification for naked shorting is to insure an orderly and smooth market, but all too often it is used to create a virtually unlimited supply of counterfeit shares, which leads to widespread stock manipulation – the lynchpin of this massive fraud. + +Returning to our example, everything is the same except the part about borrowing the share from someone else's account: There is no borrowed share — instead a new one is created by either the broker dealer or the DTC. Without a borrowed share behind the short sale, a naked short is really a counterfeit share." + +&#x200B; + +**EDIT3(9:30AM): THE FEE TO BORROW GME SHARES WENT UP BY 12 % OVER NIGHT AND IS THEREFORE IN THE DOUBLE DIGITS FOR THE FIRST TIME SINCE 4 WEEKS (**[**https://iborrowdesk.com/report/GME**](https://iborrowdesk.com/report/GME)**)** + +&#x200B; + +**EDIT4: How do I know that it was Hedgies and not Retail selling their shares? It is possible, that some retail traders sold, but if you take a look at the Short volume (61 % yesterday with 51,000,000 shares being sold short) and then take a look at the overall sell volume, it doesn't add up. If there was a huge retail sell off and the additional 61 % short volume, the price drop would've been much much bigger. Most retail held through, therefore they had to aggressively keep shorting, because no one was selling.** + +&#x200B; + +EDIT5: I am preparing my next DD right now and HOLY SHIT. Yesterdays actions fit right into the pieces and I can give a date for the Squeeze to take place (ALMOST certain, but I don't want to make false promises, so please take it with a grain of salt!), because lots of different pieces fit together for that exact date. If I am able to finish it today, I'll link it here as well! This actually feels like a conspiracy theory, because everything happening right now points to that specific date making it feel too easy to be true. + +&#x200B; + +**Another edit to blueball you guys even more**: The crazy last-minute drive up of the price 2 days ago and the drop off yesterday and today were foreseeable in hindsight. Again connecting to that specific date. But that's just a theory, a Game(stop) theory! Just makes this whole shit crazier than it already is. + +&#x200B; + +UPDATE: I HAVE ALL THE DATA. YOU CAN'T MAKE UP HOW CRAZY THIS SHIT IS. LOOKING FORWARD TO THE MOVIE! **THE ENDGAME DD IS BEING RELEASED TOMORROW @ 3PM EST / 9PM CET.** + +&#x200B; + +I keep trying to look for more Data and update this post! If I made some mistakes or missed something, feel free to tell me so I can keep you all up to date! +I thought it would be good if people share which strategies they enjoy using! So, what's your personality type/ or lifestyle and how did you find a strategy that works well with them? +Have been holding a position in BA for a while and the main direction has been down - mind you with the occasional up. + +It’s a bit of an awkward situation now and I am wondering if this can still be a turnaround once they’ve sorted out the 737, lawsuits and China sales. + +What are your thoughts? +Let's say you are 50 years old, and for the last 30 years you have followed the principles of Graham, Buffett and Munger. You started with $100,000 inheritance that you invested in great businesses trading below their intrinsic value, and you continued to add to your positions over time from what's left of a modest salary. You've been very successful and outperformed the market, leaving you with a portfolio in the millions of $. + +Here's the thing: you have fully bought into the Buffett mantra that the ideal holding period for a business is forever, and you don't want to stop the compounding machine. How do you take advantage of your large net worth? +Currently looking at Skyworks as a company to invest in. All financial metrics looks good + +Found the following data from Yahoo Finance : + + Enterprise Value: **28.27B** + + Enterprise Value/Revenue: **5.53** + +Enterprise Value/EBITDA:**13.80** + + Profit Margin : **29.33%** + +Operating Margin (ttm): **32.54%** + + Return on Assets (ttm):**15.17%** + +Return on Equity (ttm): **31.67%** + + Quarterly Revenue Growth (yoy): **37.00%** + +Total Debt/Equity (mrq) : **45.56** + +Current Ratio (mrq):**4.35** + +The quarter to quarter growth isn't expected to stay elevated at these levels, but year to year estimated growth from 2022 to 2024 is expected to be north of 10% CAGR while Forward PE for this company is less than 15 (14.03 according to Yahoo and 13 ish from Seeking Alpha). A slight discount maybe warranted given a good portion of the company's revenue does come from Apple but I don't understand why the stock performance doesn't even remotely track Apple or any of it's customers at all. It's basically sitting at 52 week low at this point. + Nano Dimension Ltd., together with its subsidiaries, provides additive electronics in Israel and internationally. Its flagship product is the proprietary DragonFly lights-out digital manufacturing (LDM) system, a precision system that produces professional multilayer circuit-boards, radio frequency antennas, sensors, conductive geometries, and molded connected devices for prototyping through custom additive manufacturing. The company also provides nanotechnology based conductive and dielectric inks; and DragonFly and Switch software to manage the design file and printing process. It markets and sells products and services to companies that develop products with electronic components, including companies in the defense, automotive, consumer electronics, semiconductor, aerospace, and medical industries, as well as research institutes. (description taken from Yahoo finance) + +This is a company that became a YouTube favorite last year together with Bionano genomics. Cathie Wood started buying into them and then they exploded and became super popular. Their price went from the low 1-2$ to over 15$. During this run some interesting things happened. They started doing stock offerings. When the price went up with 50% they did another offering. The price was dropping 20% and then rallying again and then another offering was coming. They did this again and again and again and at some point people just said the company is diluting too much and it’s going to be a flop. And although usually second offerings are bad in this case I think it was brilliant for the company. Their price went way over what it is supposed to be and they took the advantage to hoard cash. So much that now they have 1.47 billion in cash and their entire market cap is 1.58 billion. That means if you would buy all the shares at the current market price you could pocket the cash and have the company for 110 mil and that makes this company to seem really cheap and the risk of the price going down significantly is really low. Even if the entire manufacturing world would stop today you would basically get 93% of your investment back. Their price was away from fundamentals based on hype and the company took advantage of that which I think it’s a smart move. Now the CEO said they will not do any more dilution because they have enough cash for their planned mergers and acquisitions and also for R&D. + +Since they hoarded this cash they acquired two companies: one that is expert in printing micro components (super small mechanical parts) and a machine learning company that they plan to use to improve the quality of their prints and make their 3D printers into a network of printers. I think both of these will help them make more complex PCBAs that could have studs and mechanical clips 3D printed and will reduce the time for assembly. At their last investors call they also announced that they will launch a new 3D printer in the summer. Also they are developing next-gen machines for production (expected to come in 1-2 years). And on top of this they are planning to acquire companies, including PCB manufacturers in Europe and/or US. Quick note: The CEO mentioned a few times they will not acquire companies just to acquire, they will buy someone when the price is right and it helps them to develop vertically and improve their printing tech. + +Another way they are consuming the money is R&D and marketing. They need to be heard of to be able to sell and they also need to have high tech. From what I understood they are using silver ink for conductive parts which is conductive enough for anything and for dielectric what they are using now can make PCBs but not high tech ones. They mentioned they made some breakthrough in dielectric materials that they can use but it’s not published yet what it is. It seems at least 30% of R&D expense goes in the materials exploration. I personally love this because if they can position as leaders in this field and have the best tech their competitiveness will make them a behemoth in this field. + +The company makes money in two distinct way: selling 3D printers for PCBAs for companies or printing PCBAs for companies as a service. Last year, due to corona their sale of 3D printers went down and that’s understandable. For their 3D printing service I think they are having an issue due to the shortage of semiconductors. Right now if you want to make a board you can print it in China and depending on how fast you want it ready it will cost you more. But if you are ok with waiting 4 weeks for your boards then they become really cheap. Due to shortages in components a lot of companies are ok with waiting because it doesn’t make sense to pay a lot to have your board fast if you need to wait either way for components. The trick is if you want to have it 3D printed by Nano Dimension it’s relatively expensive because it’s fast. Until the semiconductor shortage get’s a bit under control I see NNDM suffering in this field. I had a discussion with their sales representative and got an idea on their prices, it’s a bit high comparatively to traditional PCBAs, while the dimension of the PCBAs they can print is relatively small. Also the CEO said they do not plan to be operating cashflow positive in the next 2 years. This is because they want to expand and cash is not a problem (to put it in perspective, they have 1.4 billion in cash and the 2 new companies costed less than 200mil, R&D costs for a quarter were 3.7 mil). It’s clear that the focus is growth and then switching to positive cashflow. + +At their last investor call the CEO of NNDM is mentioning that he wants to revolutionize the printing of PCBAs so that you print just what you need. This will be interesting if it’s possible but I personally doubt this will happen in the next 3-4 years because I’ve seen personally how efficient factories are now when it comes to PCBA manufacturing. What I think it will happen (take this with a chunk of salt) is that they will start printing prototypes for a lot of companies and at some point those companies will just acquire 3D printers for a more agile development in their R&D. Also the space industry will probably use them more and more (they already sent some 3D printed boards to the ISS). + +Below you can see their price evolution and all the drops on the way up represent a new stock offering. You can also see that they are increasing their revenue year by year (with the exception of 2020 which is a special year). And they reduced the bleeding in cash flow in the last years. That will look worse for the next years but now they have cash to work with. + +This is just for information purposes, it is not investment advice, I am not an investing professional. Do your own due diligence before investing in anything and remember: The market can remain irrational more than you can stay solvent. + +Have a good week! +I haven’t done a full deep dive, but I’d love to hear from those who have. I can already tell there will be comments saying it’s a dying retailer, but that doesn’t mean it’s worth nothing. + +- trading at 4X last years earnings +- buying back shares aggressively, bought back over 10% of its shares last quarter and will likely continue +- trading below book value +- revenue and profit will likely see 0% growth if not negative, haven’t really seen forecasts +- the company is consistently profitable, only losing money during covid with stores shut down + +The big issue is it’s long term debt, however it can be fairly paid off with 4 years of free cash flow. + +Is the company expecting a massive decrease in earnings? Why is it trading so cheap? +Hi, +I'm looking to learn from past experiences, and since I've never been through an era like the Great Depression or the 2008 Financial crisis, I would really appreciate if you could share your personal experiences. What was like to invest in those times? How did you react/act seeing big losses, or appreciation? Did you received margin calls? +Thanks in advance. +If you happen to be a newcomer to the best stock in the whole world, then first you should know that this type of price action has been extremely common. But not so much lately. + +But it did remind me about the stop loss raids that were part of the huuuuuge drops earlier in the year. + +Basically: **DO NOT USE STOP LOSSES** + +They're able to artificially drop the price low enough to trigger sell orders, which then cascade lower and lower as more stop losses trigger due to the sell pressure. + +More reading here: https://www.investopedia.com/terms/s/stophunting.asp +I will save another $10,000 to reach my goal of $20,000 by this time next year, buy a 3 or 4 unit rental property, continue to save and further my real estate career, live within my means and using the properties as a (somewhat) passive income stream work at my job that I love as few or as many hours as I want. +I make about $20,000 a year working 35 hours a week at my current job. +I live with my parents currently and will until I move into the rental property. Because of this I save nearly every penny I make aside from a few expenses such as food and car costs + +What are your thoughts? +It seems most of the focus here is on building a real estate empire of rentals. I'm not so much interested in that, I think flipping would be more appealing and you make all your money in 1 transaction. Instead of getting $1000 a month for 20 years I'd rather make $50k today. I also am concerned with the lack of inventory and so people who want to own a house are shut out because investors make more money holding them. + +Am I missing something? Is the flipping market DOA because there are no cheap houses to flip? +Hello all. My GF and I want to start buying stock but not sure where to begin. So I guess the question it, what apps or website should we start an account with? Thanks for the help. +I’m 27 with 6 figures of student loan debt. Currently making $65k in a MCOL. Able to put $2k a month on my loans and 6% into a Roth, debt should be cleared up in 7 years without any promotions or raises assumed. + +I would love to be financially independent one day. I’m curious if anyone here has overcome a challenge like this, and what advice you may have. +In late 2012 I bought 600 BTC. I bought it because I thought in a sense I was donating to a cause, not for an investment. It went to $950. At one point my $4000 was worth half a million, which was almost 10× my portfolio. I sold 5 Bitcoin and spent a bit for some weed on the silk road (I was 20, please forgive me. Besides, back then, other than an eBay type website that you could buy gift cards from, you couldnt get much with bitcoin. Anybody remember the famous pizza?) Than bitcoin tumbled to $300. I invested in Doge with some of it, lost a lot there. I had over 5mil doge coin lost in a reddit tip wallet. I took my family on vacation through expedia after i had each of my kids, now 3. And once with my mom, so she could take the grand kids to disney world (she always wanted to take me and my sisters but single parent life sucks) After all the investments I should not have made, and the fun I do not regret having, I am a proud owner of 1.5 BTC. +The reason I made this post is so people can see the ups and downs of Bitcoin. Please understand, everything is about price now, but at one point it wasn't. It was the dread pirate Roberts sticking it to the man, it was people using bitcoin as a way to protest our government bailing out banks and letting us middle class and lower suffer. Trust me when I say a 50% change in bitcoin is not strange. I personally hope it shakes the greedy people off and liberates us like it was designed to do. A world wide currency, untouchable by our greedy governments. If I want to send money to a young man in Taiwan because I believe in his invention, I should be able to. Just as I once sent money to a magic card trading website in exchange for magic internet money because I believed in the cause. + +Edit: fat fingers, cell phone post. + +Tl;dr: Bitcoin is not just about investing, it is about protesting the monetary system you have been forced to use. +Let's take a step back from growth vs value discussion, bull vs bear market, blue chips vs hyped tech companies, inflation worries and the rise of interest rates. From time to time I read about investors who "invest in people" not numbers of an up and coming company. + +So aside from product, technology, finances, stock price, company reputation, longevity and so on I'd like to know who is a ceo you truly trust being in charge? Speaking purely from your impression of the human being of choice as a ceo. Maybe you like her/his demeanor, her/his vision, her/his behavior in public, certain actions she/he has made or different aspects of her/his personality. Your thoughts on this strategy? Feasible strategy in reality or reserved exclusively for rich investors who have a chance to meet a ceo in real life? +How Investing Giants Gave Away Voting Power Ahead of a Shareholder Fight! + +Disclaimer: financial advise! Fuck is that shit, I’m drunk and you bored so listen to me rap. + +TA:DR (too ape didn’t read) Blackrock, Vanguard and Fidelity has every incentive to send us to the fucking 🌙🚀🚀🚀🚀🚀🚀🚀🚀 strap the fuck in + +So i was curious about the dynamics of a share recall and to see why the big names maybe will or will not recall shares so i started digging and found some stuff + +First i wanna bring in HESTIA CAPITAL MANAGEMENT, LLC, before Ryan Choen came in, they were the frist to try and recall shares and get a vote going. We knew that part already however this is one thing not discussed much but Hestia wanted a share recall to vote on the +corruption of the old board and bring in some new blood to change the direction they were going so check this out + +https://www.sec.gov/Archives/edgar/data/1326380/000092189520001599/ex1todfan14a12166002_052620.pdf + +Seem like Hestia was trying to point out just how fucked up the old board of directors were which really leads me to blieve they were +working with shorts to drive Gamestop into bankruptcy (my opinion). Which would explain how Ryan Choen and the gang was able to get shit moving so quickly cuz they have the goods on them, here are some allegations +that Hestia brough up + +**The Board eliminated the annual dividend as the Company’s credit quality deteriorated. GameStop?s stock fell 36% upon announcement of the cut and has not recovered since (this allegation give me confirmation bias Ryan Choen will bring it back, maybe as crypto but we will see) + +**Management did not refinance the 2021 Senior Notes when they were in a better position to do so, despite our efforts to get them to +do so (didn't Ryan Choen and the boys just do this..... hmmm) + +***The Board repurchased stock after significant stockholder pressure (the shares that were bought back were not by choice, hmmmmmm) + +*****GameStop’s issues are not related to recent market volatility, but rather an inability to perform. For the first time since being +public, GameStop was cash flow negative in fiscal 2019, recording a negative free cash flow of ($493) million (so Gamestop was always +cash positive until the board started fucking around......... hmmmmm guess they always had deep fuckig value, i wonder who else noticed) + +********The Board has chosen to spend more than $1.6 million fighting to keep two underperforming, long-tenured, lame-duck directors (hmmmmmm +so the board was spending money and fighting to keep dead weight around for some reason, i wonder who was the lame duck, looking at you old CFO) + +************GameStop?s Board has repeatedly failed shareholders contributing to a share price decline of 85%over the past five fiscal years +(so basically Hestia is saying that the old board of directors were total shit, no wonder shorters thought they were going to go bankrupt and shorted more then the float, seems like a sure bet, until apes found out oops) + +All these allegations were broght up by Hestia, click the link and go read it yourself now lets talk about, The Big 3. Not Lebron, Wade and Bosh thats way old +I mean Blackrock, Vanguard and Fidelity. Why didnt they recall shares and voted when Hestia clearly pointed out how much of a shit job these guys were doing, well +it seems like they were more concerned about borrow fees (yep, they were much higher at this time) check it + +https://www.wsj.com/articles/how-investing-giants-gave-away-voting-power-ahead-of-a-shareholder-fight-11591793863 +(might have a pay wall but basically the big three, shit even other firms +gave up rights because the stock was trading under $5 so they figured the keep them on loan since that was more profitable) + +https://iborrowdesk.com/report/GME (im sure yall know about that link but look at the borrow fee around May-June 2020 and compare it to the fee now) + +The fee today is fucking peanuts compared to the current stock price, so now we basically have a reverse of the situation from last year and another share holder meeting. +So ok, well maybe Blackrock still may not vote....... well seems like Blackrock fucks with Ryan Choen since you know he made them bank +with chewy "Ultimately we raised six rounds of financing totaling more than $350 million from T. Rowe Price, BlackRock, Greenspring, Lone Pine, Verlinvest, +and the investment bank Allen &amp; Company." taken from an excerpt Ryan himself wrote on this article + +https://hbr.org/2020/01/the-founder-of-chewy-com-on-finding-the-financing-to-achieve-scale + +Ok, well Blackrock may want to vote, since they cool with Ryan and vote him in, what about Vanguard you ask? Well check this + +https://www.investopedia.com/articles/investing/110515/who-are-owners-vanguard-group.asp + +So who owns Vanguard? "The company is owned by its funds. The company’s different funds are then owned by the shareholders. Thus, the shareholders +are the true owners of Vanguard. The company has no outside investors other than its shareholders." Ok so lets see who owns more shares +the Vanguard since shareholders are the owners + +https://en.wikipedia.org/wiki/The_Vanguard_Group + +"the second-largest provider of exchange-traded funds (ETFs) in the world after BlackRock's iShares." Ok so we can say that Blackrock has some +tentacles in Vanguard and can count as owner since they own shares that Vanguard has as well...... ok what about Fidelity will they recall shares? + +Remember Jan 27th and 28th? Yea you do, so does Fidelity, the had a 17% rise in their retail traders numbers because of it, i moved to Fidelity +and im sure you see daily how many other are moving there to and plan on voting so yes we can say Fidelity has share holders who will most def wanna vote. + +https://www.wsj.com/articles/fidelitys-assets-under-management-rise-to-3-8-trillion-11614700831 + + +So yes i believe the big three will NUKE short hedge funds with a share recall its literally in their best interest to do so the fees are shit now and the price going higher due to a share recall will be way more beneficial to them unless they dont like +money + +Edit: Fidelity had its own Reddit page and they have confirmed April 15th (tomorrow as recall date) the deadline to have purchased shares for the first time was April 13th (due to T+2 time) so you can be an eligible share holder to + +https://www.reddit.com/r/fidelityinvestments/comments/mqz9ne/hot_topic_gamestop_corp_gme_proxy_voting/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf + +Edit: u/Dahnhilla makes a comment saying Vanguard can’t vote because they have no SOLE voting power but they do have shared voting power so it’s not completely true they can’t vote and Fidelity has seemingly sold their shares. Fidelity didn’t sell, they transferred shares from one part (FRM LLC) to another part of Fidelity, I can’t remember the post that explained it but if anyone remembers can they link in the comments please. This post isn’t to prove that these 3 names are indeed going to vote even if it’s in their best interest to do so. I just wanted to bring light the incentive they have to work together and indeed vote because they will make each other a fuck ton of money. Also these 3 ARE NOT apart of the DTCC so they really don’t give af what happens during member defaults and new rules. Here is her/his (my bad bra I can’t tell which one 😅) post + +https://www.reddit.com/r/Superstonk/comments/mq1g5e/vanguard_dont_have_voting_rights_for_most_of/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +I have a call with a solicitor next week, but I'm trying to work out what is "fair" in dividing up my flat / life with my ex-fiance. He's buying me out of the flat we bought together. We've been really amicable so far, bordering on friends (even though I didn't want the breakup). + +He out-earns me - now about double, but was about 2/3 for a chunk of our relationship. We contributed roughly 2/3 (him) and 1/3 (me) to the mortgage, deposit, and general household work, furniture, and goods. + +We paid roughly 420k for the flat (with a deposit of 15%), and made a few overpayments along the way. We also did a bit of work on the flat - paid about 5k for new floors and things. We think it's worth about 480k now, though that should be confirmed next week. He's offered 40k, which he thinks is fair and my friend's solicitor husband says he's a c\*nt. + +I know I'm entitled to 1/2 of the house if we sold it based on what we signed. But him keeping it feels more complicated. And he did pay more for the bulk of the relationship (which I didn't realise had caused resentment - but apparently did.. sigh), and he has still been kind post-breakup, and we share a group of mutual friends so I'm not about to try to wring every last penny from him. But equally I'm about to go out on my own and want to be sure I don't sell myself short. + +Not sure if I've laid everything out well here so do ask if you have questions. +Hello everyone. I've been studying economics for three years and I've always wondered why, in other social sciences - such as sociology or anthropology -, people use marxist-method to analyse (much) phenomenon; but we don't. + +I'll explain what I mean by the term "marxism". I'm not, obviously, referring to Marx's semi-political conclusions (as revolution, socialism); nor to Marx's economics' bases (labor theory of value). I'm referring to the marxist method: historical and dialectical materialism. It is a method that allow people to study phenomenon, them origins and them developments; based on strictly economic reasons. + +My university professors have always teached me that there are consumer (or families), enterprises, the state, trade etc.; and they have teached me that like these concepts are necessary and eternal. They are unborn and they'll last forever. +But, how have these concepts formed?, and why? And so on: how will they be in the future? + +I've already heard about Schumpeter and Sraffa. I've read "Capitalism, socialism and democracy" by Schumpeter but I haven't read anything by Sraffa. Imho Schumpeter's ideas about the fall of capitalism, or about socialist society, are very weak and poor. + +The only answer that I could give to my question it's about political reasons and interests. But tbh I can't believe my own words. + +I'm an italian guy so, sorry for my poor english. +I've also encountered papers arguing that the usual defenses based on 'empirical fit' are spurious and artefactual, etc. How come the consensus outside of the orthodoxy is so strong on deriding the validity of neoclassical economics but neoclassical econ. keeps being the core of the uni curriculum and the common parlance of most of the econ. academia? +Hi guys, + +Just wondering, how exactly does tether (the cryptocurrency which maintains a 1 to 1 peg with the US dollar) work exactly in terms of its peg? + +Specially, how is this peg maintained?? + +I struggle to understand how this peg can be maintained exactly if fiat currencies cannot even do this. + +Take for example Lebanon. For those unfamiliar the Lebanese Lira used to have a peg of 1500 Lebanese lira to 1 US dollar. + +This peg was maintained for decades until it could no longer be maintained anymore, the peg was let go and hyperinflation was created as a result until present day. + +There are many other countries with similar experiences. + +My question is, why would Tether be any different? + +Or is it not and there will be a time in which the 1 to 1 peg between tether and the US dollar will be let go as well and all those holding Tether will have their money rendered valueless after the fact? + +Thanks in advance. +I been reading a lot about the US trade deficit and how the U.S. is now a net importer. Why is being a net importer bad for a country’s economy? If being a net importer is bad how would it be possible for everyone to be a net exporter since you need somewhere to send your products? +A widely accepted belief that even a **small or modest** amount of deflation is bad. + +And are there examples of deflation being of net benefit to a country? +I have seen stuff like [this](https://voxeu.org/article/impact-population-ageing-monetary-policy) arguing that aging populations will decrease interest rates, but I dont get why. Is it because they are saving more for retirement, and the increase in the supply of loanable funds decreases interest rates? what does the increase in capital stock they mention have to do with it? + +&#x200B; + +Also- doesnt the central bank ultimately have control over the interest rates? +So my wife and I are in the process of moving and have applied to several houses(for rent) in the last week. I am able to check my credit score and payment history for free anytime I want on Credit Karma, Credit Sesame, the Transunion, Equifax, and Experian websites, I can even see my Fico score all for free on the web. + +&#x200B; + +What I do not understand is why every application requires a $35 to $75 fee for this service as well as adding a hard inquiry to my credit report AND LOWERING my credit in the process. What benefits does a hard inquiry provide, and why can't this information be viewed for free? I honestly don't get any of this and am looking for some guidance from you all. + +&#x200B; + +THANKS! + +&#x200B; + +Edit: Thank you all for the responses. One question I have seen is "Why are we applying to so many places?" We are in Philadelphia and apparently here the housing is pretty competitive. We have seen probably 25 properties and applied to roughly 4 of the 25 or so and were beat out by other people with higher income or credit scores even though we applied first. (one of our realtors explained this has happened to us) Trust me, we saw the properties, had all documentation ready and filled out applications but still aren't getting them because the landlords are cherry picking. In the mean time my score is dropping for literally no reason other than the fact that it seems others have higher scores, my income is substantial and score is upper average. Just a crappy system +The holiday season can be rough, especially for people going through hard times, so I wanted to remind you: + +You are not your money. + +You are a person- a *real* person. You have skills, and dreams, and potential, regardless of your net worth. You have value, even if you can't see it right now. + +So if you see an opportunity, don't pass it up just because you feel you're undeserving. If you want to help someone, a sympathetic ear is free, and can make a world of difference. And if you need help, don't be ashamed to reach out. + +You're worth it. +We all know that the bull rull post the tax cuts was limited to Nifty 50 whereas the Nifty Next 50 has been relatively bearish. + +What are the factors for this ? + +What escapes the bull run from affecting the Nifty Next 50 ? + + Is it wrong to expect a bull run in Nifty Next 50 "soon" based on prior trends ? +My retired father has taken out a home loan of 19 lakhs from India Bulls in 2016 for a tenure of 78 months. The rate of interest in the beginning was 9.55%. Subsequently, despite repeated rate cuts, India Bulls has only increased the rate of interest on my father's home loan till now. + +SBI is offering housing loans for 6.5% now while we are paying 12.90%. + +The interest rates are as tabled below: + +&#x200B; + +|Month|Rate of Interest| +|:-|:-| +|February 2016|9.55| +|March 2017|9.40| +|May 2018|9.60| +|July 2018|9.70| +|September 2018|9.90| +|November 2018|10.10| +|December 2018|10.30| +|June 2019|12.90| + +Despite my father writing to them multiple times and calling them to reduce the rate of interest, they keep refusing. They don't even tell us how to apply for reduction. All emails are replied to with a standard canned message saying they are acting as per their terms and conditions. + +Additional Info: + +My father has a great credit rating. Has always paid his loans fully and in time. No missed payments in his life and has a long credit history. + +We are pooling all our resources and trying to close down the loan because of the excessive rate of interest. My father made part payments in the manner below: + +|Month|Amount| +|:-|:-| +|August 2018|2,00,000| +|August 2020|3,75,000| +|October 2020|1,38,134| + +Please advise on if this is legal and within norms. Is there any recourse to this type of daylight robbery? +Why doesn't it feel as "good"? It's the fastest rise to the next 1k (though obviously with each passing 1k, it gets easier/faster to get there). Where do we go from here? 22k, 25k, or 18k, 15k? +So I’ve been going through a disaster with this tenant. He lives in one of my mobile home parks and completely trashed our mobile home after finding out we are evicting him. He broke all the windows, broke the walls inside, ripped the carpet, and made the mobile home pretty much unfixable at this point. I had a sheriff go serve him an eviction and after that day if he was to ever come back on property he will be arrested for trespassing, he’s still on the property but whenever a sheriff pulls up to get him he some how runs and hides somewhere and sheriffs can’t find him. I’ve put locks on the doors but he breaks in. I feel stuck and have no clue what to do. Cops take 1-2 hours to come whenever I do see him on property and by then he is gone after seeing me or the cops. He is also very aggressive and will probably shank me with a knife if I confront. What can I do?? +Listen here Zuck, I’m pretty sure you just lost like $28,000,000,000. The Interwebs says you own roughly 400,000,000 shares (probably a bit less less, cause for some reason you’ve sold a lot over the last couple years). At a loss of $70/share post ER, I think we all deserve to see that epic loss porn. + +If you do, I’ll buy a quest 2. Just trying to help ya out here man. +Or is it just the annual leave that is being paid? + +Edit: Many thanks guys! I tried to up vote you all. Love you. + +Edit 2: Holy shit guys. Thank you for all the anwers :D now help me with nursing on my other thread pls. +Why does MMM get hated on now? I don't really get it. He's what led me to FI and all this stuff, but it seems like a lot of people hate him now. I never seem to get a clear reason though other than putting ads on his site, but every blog has that so that can't be all. + +I still like his message of environmentalism, consuming less and being positive about life. Why don't you like him? +I co-signed a loan for my parents. It’s dumb, I know. I’ve accepted that it was a huge mistake and now I’m trying to get out of it. So far, they’ve missed the last two payments and it’s hurting my credit. We’re past the halfway point and they would be 70% done with paying it off if they had made the last two payments as they should have. Me paying for it is completely out of the question. I was going to call the lender and see if I can lower the payment or get some type of forgiveness, although I’m sure that’s impossible. Any advice? +Pretty much I started with the idea I wanted 15doors so most likely 5 triplexes. From these I hope to eventually make 2k a month in cashflow and be able to stop working and live frugally. Currently at 6 doors, but I wish I had the downpayment for my next building. + +What it's like to finally get there? Did you stay at that number or did you ambition just grow? + +Anyone on here just wake up not have to go to work, and just have property managers run everything? Pretty much retirement and living off your investments. + +Are you still working a part or full time job or can you finnaly wake up doing what you feel like. +$SAFEMARS + +&#x200B; + +UNRUGGABLE: LP tokens burned, presale remaining tokens burned (see tx hashes below) + +WEBSITE: [https://www.safemarscrypto.com/](https://www.safemarscrypto.com/) + +BUY: [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x3ad9594151886ce8538c1ff615efa2385a8c3a88](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x3ad9594151886ce8538c1ff615efa2385a8c3a88) + +GRAPH/USD: [https://goswappcharts.web.app/?isbsc=true&tokenId=0x3aD9594151886Ce8538C1ff615EFa2385a8C3A88](https://goswappcharts.web.app/?isbsc=true&tokenId=0x3aD9594151886Ce8538C1ff615EFa2385a8C3A88) + +GRAPH/BNB: [https://unidexbeta.app/bscCharting?token=0x3aD9594151886Ce8538C1ff615EFa2385a8C3A88](https://unidexbeta.app/bscCharting?token=0x3aD9594151886Ce8538C1ff615EFa2385a8C3A88) + +TELEGRAM: [https://t.me/safemars](https://t.me/safemars) + +&#x200B; + +This is a COMMUNITY GOVERNED token! After launch we will: + +\- have regular votes where the community decides the direction + +\- LP tokens will be burned + +\- community contributions are encouraged, let's take this to Mars together! + +&#x200B; + +RFI + LIQ + +We're gonna make everyone's (trading) life easier by lowering the fees: + +♻2% of all trades are redistributed to holders + +2% of all trades are auto-locked inside liquidity provider on PancakeSwap + +&#x200B; + +So make sure to set slippage to 5% + +Fair launch: Initially there will be a max tx amount of 5 000 000 000 000 SAFEMARS (or 0.5 BNB at listing price) + +&#x200B; + +Manual Burns & Buy-Backs + +&#x200B; + +Total supply: 1 000 000 000 000 000 + +Presale: 200 000 000 000 000 (1 BNB = 10 000 000 000 000) + +Liquidity: 18 BNB + 180 000 000 000 000 (same listing price as presale) + +&#x200B; + +Contract address: [https://bscscan.com/address/0x3ad9594151886ce8538c1ff615efa2385a8c3a88](https://bscscan.com/address/0x3ad9594151886ce8538c1ff615efa2385a8c3a88) + +Token address: [https://bscscan.com/token/0x3ad9594151886ce8538c1ff615efa2385a8c3a88](https://bscscan.com/token/0x3ad9594151886ce8538c1ff615efa2385a8c3a88) + +LP tokens burned: [https://bscscan.com/tx/0x6f4dec72265cda0acbc056d9bf2c19cdc182c873b48fd8329a9f9201c477e829](https://bscscan.com/tx/0x6f4dec72265cda0acbc056d9bf2c19cdc182c873b48fd8329a9f9201c477e829) + +Remaining tokens after presale burned: [https://bscscan.com/tx/0xbcd9961aae5f68798632dc05f860a60e29e7750137c07166ec16c1b6e08e8a88](https://bscscan.com/tx/0xbcd9961aae5f68798632dc05f860a60e29e7750137c07166ec16c1b6e08e8a88) + +&#x200B; + +Roadmap: + +✅ Presale completed (reduced hardcap by 60% on community vote) + +✅ Fair launch with buy limit + +✅ LP tokens burned (liquidity locked FOREVER) + +✅ 53% remaining tokens BURNED (circ supply reduced in half) + +✅ Unirocket bot + +✅ Website and Twitter launch + +✅ Applied for Coingecko ⌛️ (waiting for listing) + +✅ Applied for Coinmarketcap ⌛️ (waiting for listing) + +✅ Marketing (ongoing) + +🟡 Apply to list on exchanges + +🟡 New platform extensions + +🟡 Website redesign + +🟡 More marketing efforts + +🟡 New community votes (e.g. changing taxes!) + +&#x200B; + +&#x200B; + +It is very early on this one. No website yet, but dev on telegram seems ok. DYOR as always. +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. +**UPDATED AND RESOLVED! No need to continue replying. Not sure how and if I can update the title of my post...** + +&#x200B; + +**Wow I honestly didn't expect to get this many replies or for this topic to be so controversial. Maybe it's because this involves both a financial and moral stance? Well anyways, thank you to everyone who provided advice, personal experiences, and educated information.** + +&#x200B; + +**I walked in, kindly let my boss know I wanted to resign, and walked out. We were always polite to each other, so she guessed that I was uncomfortable based on my uncertain reaction on Tuesday. She has offered to compensate me for the days I haven't been paid yet. Overall it was a civil resolution. Based upon comments on this post, I will likely list the $200 under "additional income" when tax season comes around and be done with it. I have GAD and was freaking out about this more than most people would (hence the commenters telling me I'm making a big deal about it and to stfu lol), but hearing the support/affirmations from you other commenters has really helped. Thank you again so much for your input and I hope this post is helpful to anyone else who stumbles across this situation!** + +&#x200B; + +**EDIT: I noticed people are still commenting about how I made the wrong decision and lost a perfectly good job, but rest assured, I am fortunate to have another flexible PT job lined up that offers a higher wage, benefits, mileage compensation, and full-time opportunities. They also put their employees on payroll and enforce the necessary paperwork. :D** + +&#x200B; + +\~ + +&#x200B; + +2 weeks ago, I landed a part-time job at this small, private after-school company for kids. It is only a 6-9 hours a week gig for $12/hour. I live in the Los Angeles, California area. + +&#x200B; + +**Red flag 1:** On day 2, I realized my boss didn't give me any of the typical paperwork. So I confronted her and asked her for the I-9 and W-4. She said she would give it to me at the end of my shift, but when that time came she said she couldn't find it and said she would give it to me my next shift. + +&#x200B; + +**Red flag 2:** After that, she asked if I would just prefer to be paid in cash because "it's easier for me and for her," and that's what she does for other student workers. I'm not dumb and understand that is considered working under the table, so I declined and insisted that I would prefer to be on payroll for taxing purposes. She agrees and says okay. + +My next shift comes, and I ask for it again. She spends 15 minutes hunting for it and printing it. I'm already a bit suspicious, but she comes through and gives me the forms. I fill them out and bring them my next shift, and she takes them. + +&#x200B; + +**Red Flag 3:** Pay day is on the 30th of the month, so I pick up my check after my shift on the 2nd. At the end of my shift, she brings me to another room and passes me a personal check of \~$200 with the company name on it. I ask what happened since I was expecting a pay stub, and she said that she wants me to fill out a 109-9. I did some snooping on reddit and know that's for independent contractors. She said I am not an employee because I "choose my own hours as a student." But I don't. I listed my availability for when I'm not in school (like any other job), and told me the time that work for my given schedule is on Tuesday, Thursday at 3pm, Saturday at 1pm. She also gives me directions on what the kids need to be working on and dictates the schedule for the day. So in essence I am an employee. I was surprised, flustered, and not sure about what to do. I accepted the check, but have not cashed it out because I don't know how to go about reporting it on my tax return since she didn't deduct SS or Medicare. + +&#x200B; + +I plan on quitting today under the notion that I found another job that pays higher and is more convenient (I am in the final steps of interviewing for that job technically, but I just really want out of this place) and that I will work my shift today since I'm not putting in 2 weeks and didn't give a heads up on quitting. I just don't want things to get complicated legally or tell her my discomfort about her essentially tax evading. + +&#x200B; + +Any advice on my situation and what to do today and with the personal check would be greatly appreciated! (I'm 22 and a college student). + +&#x200B; + +tldr; My boss led me to believe I was being hired as an employee, gave me a personal check, then told me I was an independent contractor. Not sure what to do with my check, how to file it, or the best way to go about quitting. + +&#x200B; + +EDIT: Updated to W-4. I kept the term 1099 because that's what she told me (lol), but I understand that it's a W-9 that I would have to fill out! Thanks for the corrections everyone. +"**Property prices have risen across the US during the pandemic and, contrary to popular perception, they have risen in each of rural, suburban, AND urban areas**. Despite widely reported speculation about a collapse in demand for urban living (likely spurred by the outsized attention given to New York City and San Francisco), our data suggests that people left urban areas, but at a more modest pace than media reports might suggest." + +"**COVID-19 has not caused people’s housing preferences to permanently shift away from the amenities of urban living**. Density aversion is leading to some declines in the biggest cities. But price changes during COVID-19 suggest that people are still willing to pay for urban amenities, placing value on access to restaurants, bars, and cultural institutions found in denser cities – they will just need to find places where they are less impaired by social distancing rules." + +"**We do see more risk of cities underperforming suburbs, a contrast to many years when home price increases in urban areas significantly outpaced those in suburban or rural areas**. While prices are likely to rise all over, urban areas are at risk of losing their long stretch of outperformance over suburbs. More working from home (WFH) in the future, risks around COVID-related closures of urban amenities, and potentially lingering aversion to density are likely to give the suburbs a relative edge in the future, even as both places rise in absolute terms. This could create an incremental demand bump of up to 500,000 new housing units in the US if up to 2% of people permanently relocate out of urban areas." + +"**Of the biggest cities in the US, only New York and San Francisco have seen average price declines during the pandemic**. Most urban areas in the US have benefitted from the same pent-up demand and increase in affordability that has lifted suburbs. And while we would not dismiss the tail risk of a self-reinforcing cycle of falling home prices for New York City or San Francisco, it remains a tail." + +"**We expect the trend of rising home prices in both cities and suburbs to persist even after the pandemic ends, because affordability has improved and should remain elevated for some time**. The collapse in long-term interest rates made mortgages more affordable at the same time that household savings soared as a result of lockdowns and government largesse. Moreover, millennials have reached their peak marriage years, so are entering their peak years for home buying. These should provide a tailwind for both suburban and urban properties." + +"**Multifamily rentals are the most challenged corner of the residential market, with rents at risk due to a potentially “K-shaped” recovery (where higher income workers experience a rebound, but lower income worker remain strained)**. If lower-wage jobs take a long time to reappear, or don’t reappear at all in the places they were before, rents could take a material hit." + +"**In contrast, Single-Family Rental (SFR) appears poised to benefit from the same economic recovery.** SFR customers have similar wealth to home buyers, so they are less likely to face the pressures of multi-family assets. And because their assets gain in value as home prices rise, they should perform well in a general regime of rising prices." + +"**In the UK, trends have been similar to the US, but with perhaps a relatively bigger shift of interest to the suburbs.** The risks are slightly different, however, as housing assets are more exposed to government policy shifts." + +"**In China, there is a growing desire for better housing and better living conditions after COVID-19.** Flexible work arrangement and hygiene awareness have caused local residents to look for better housing, more bedrooms, and second homes." + +"**Student enrollment is falling in the US, creating a risk for security-backed student housing.** However, initial trends are promising and moves to reduce density could offset any reductions in enrollment. In the UK, enrollment trends are the opposite – rising as is typical of recessions." +We backed out of our LOI and now the strategic buyer came back with a more reasonable offer. However, my investment banker and currently attorney are butting heads. Our attorney has M&A and tax experience, but is lacking in software experience. However, we like working with our current attorney because he really cares about the transaction and has very reasonable rates. + +This week, we interviewed 2 law firms that specialize in M&A (US-based), but both gave us an estimate of $150k - $200k for the entire transaction. One of these two firms worked with our acquirer as their buy side attorney in the past. + +Curious if any of you who has been on this road before can provide any advice on the following: + +1. Is $150k - $200k what we should really expect from big (East Coast) law firms for this transaction? Our current attorney estimates the bill to be $50k - $75k. Since we know we are not getting market rate for this acquisition, we really do not have the appetite to spend so much for an M&A law firm. +2. I am here to seek recommendation on an experienced US-based M&A attorney you have worked with experience in SaaS and software with more reasonable pricing closer to what we are expecting to pay our current M&A attorney. +3. Do SaaS / software M&A transactions vary significantly from other M&A transactions that we really have to replace our current attorney and pay 3x the cost for big name law firms. +Welcome back to my weekly $100k Wheel Portfolio updates! I'm posting an update video every Friday on my YouTube channel, and we're now on Episode 3! + +I also plan to continue posting this type of update every Monday on r/thetagang. + +Since I began making trades on September 21st 2020, I'm currently up +$2,627 in this account (as of market close 10/8/20). I made 18 trades since my last update which is way more than usual, so there's a lot to go over, and I hope you guys enjoy! + +Screenshots, spreadsheet, and individual updates with a ton of information that I like tracking: + + + +Ep.3: +http://imgur.com/a/9lI7T4R + +Ep.2: +http://imgur.com/gallery/liQPVZ9 + +Ep.1: +http://imgur.com/gallery/PP9lNH2 + + +As always, I appreciate any comments, questions, and suggestions. Thanks! + + +Here is the spreadsheet template that I use, in case any of you would like to make a copy of it and use it for yourselves. On the 2nd sheet, it also includes a calculator to help you reach annualized target rates. If you encounter any problems, please comment and I will try my best to assist. Also open to suggestions. +https://docs.google.com/spreadsheets/d/1ynGzkCEKH_YXemoHDkaqeBrWUIDHz8reN6O4mt5JMgc/edit?ts=5f7b9661#gid=0 + +*EDIT* EP.4 is up! +https://www.reddit.com/r/thetagang/comments/jecdew/my_102729_portfolio_revealed_wheel_options/?utm_medium=android_app&utm_source=share + +*EDIT* EP.5 is up! +https://www.reddit.com/r/thetagang/comments/jip1rg/my_103696_portfolio_revealed_wheel_options/?utm_medium=android_app&utm_source=share + +*EDIT* EP.6 is up! +https://www.reddit.com/r/thetagang/comments/jmxnqq/my_103948_portfolio_revealed_wheel_options/?utm_source=share&utm_medium=web2x&context=3 + +*EDIT* Ep.7 is up! +https://www.reddit.com/r/thetagang/comments/jr7sbw/my_103372_portfolio_revealed_wheel_options/?utm_medium=android_app&utm_source=share + +*EDIT* EP.8 is up! +https://www.reddit.com/r/thetagang/comments/jvh5n8/my_103692_portfolio_revealed_wheel_options/?utm_medium=android_app&utm_source=share + +*EDIT* EP.11 is up! +https://www.reddit.com/r/thetagang/comments/k8z1uh/my_107170_portfolio_revealed_wheel_options/?utm_medium=android_app&utm_source=share +Hello Apes, I've compiled the latest insider and institutional ownership data for Q1 2021. TL;DR is at the end. + +# Shares Outstanding + +GameStop had 70,031,650 shares outstanding as of 1Apr2021 and currently has 73,531,650 shares outstanding after their 3.5 M share ATM offering. We will use the 73,531,650 number for this calculation. + +https://preview.redd.it/brdo2tnmyqz61.png?width=996&format=png&auto=webp&s=f7d9d103b83289deb3fb2ed2ec211eede00c9a6a + +# Insider Ownership + +I compiled the 'Form 4' filings from all GameStop insiders. Insider ownership is 11,416,297 to 12,318,561 shares (15.5 - 16.8% of shares outstanding). It's likely that Jim Bell and Frank Hamlin sold their shares after they left GameStop. And since they are no longer insiders, they are not required to report their positions. We will use the 11,416,297 number for this calculation. + +https://preview.redd.it/ewvmu1eoyqz61.png?width=899&format=png&auto=webp&s=29619f8b6892208a7e9dd87ce90dedf2be43f5a5 + +# Institutional Ownership + +I compiled the latest SEC filings for 350+ institutions [in a separate post](https://www.reddit.com/r/Superstonk/comments/nbscy6/whale_watch_q1_2021_update/). Institutions own 26.2 M shares (35.6% of shares outstanding) as of 31Mar2021. Institutions sold 53.3 M shares in Q1 2021, and it looks like many of them paper handed during the Jan mini-squeeze. + +Insider + Institutional = (11.4 M + 26.2 M + 9.0 M) / 73.5 M shares outstanding = 63.4% + +Note: This calculation does not use the 10-20 M shares in ETF’s and mutual funds. I believe these are already counted in the institutional shares which is why Blackrock, Vanguard, State Street, and Fidelity are so high. The one exception is Fidelity where there are over 9 M shares in ETF's/mutual funds but Fidelity reported that they sold 9 M shares. That's why I have a placeholder 9 M shares in the calculation above for the top 3 Fidelity funds (FDMLX, FLPSX, FNDX) and will update when their # of shares gets updated. + +# Retail Ownership + +Many apes have posts on estimating retail ownership. Here are just ten good DD's: + +* [https://www.reddit.com/r/GME/comments/m54vpq/serious\_dd\_retail\_ownership\_using\_public\_data/](https://www.reddit.com/r/GME/comments/m54vpq/serious_dd_retail_ownership_using_public_data/) by [u/DiamondsApes](https://www.reddit.com/user/DiamondsApes/) +* [https://www.reddit.com/r/Superstonk/comments/mzuodo/final\_update\_superstonk\_users\_alone\_hold\_between/](https://www.reddit.com/r/Superstonk/comments/mzuodo/final_update_superstonk_users_alone_hold_between/) by [u/TheCaptainCog](https://www.reddit.com/user/TheCaptainCog/) +* [https://www.reddit.com/r/Superstonk/comments/myaxaw/update\_retail\_users\_own\_at\_absolute\_minimum\_138/](https://www.reddit.com/r/Superstonk/comments/myaxaw/update_retail_users_own_at_absolute_minimum_138/) by [u/TheCaptainCog](https://www.reddit.com/user/TheCaptainCog/) +* [https://www.reddit.com/r/Superstonk/comments/mxrdcb/updated\_dd\_i\_did\_the\_math\_there\_is\_literally\_no/](https://www.reddit.com/r/Superstonk/comments/mxrdcb/updated_dd_i_did_the_math_there_is_literally_no/) by [u/InForTheSqueeze](https://www.reddit.com/user/InForTheSqueeze/) +* [https://www.reddit.com/r/Superstonk/comments/n4kwh1/we\_own\_the\_float\_or\_do\_we\_a\_statistical\_attempt/](https://www.reddit.com/r/Superstonk/comments/n4kwh1/we_own_the_float_or_do_we_a_statistical_attempt/) by [u/Phr3nic](https://www.reddit.com/user/Phr3nic/) +* [https://www.reddit.com/r/Superstonk/comments/n6zvcz/retail\_owns\_over\_500m\_shares/](https://www.reddit.com/r/Superstonk/comments/n6zvcz/retail_owns_over_500m_shares/) by [u/catsinbranches](https://www.reddit.com/user/catsinbranches/) +* [https://www.reddit.com/r/Superstonk/comments/mwskkv/retail\_easily\_owns\_100300\_of\_the\_remaining\_float/](https://www.reddit.com/r/Superstonk/comments/mwskkv/retail_easily_owns_100300_of_the_remaining_float/) by [u/ChefLambsauce1](https://www.reddit.com/user/ChefLambsauce1/) +* [https://www.reddit.com/r/Superstonk/comments/n4w9as/fidelity\_users\_alone\_own\_the\_float/](https://www.reddit.com/r/Superstonk/comments/n4w9as/fidelity_users_alone_own_the_float/) by [u/cartifrog](https://www.reddit.com/user/cartifrog/) +* [https://www.reddit.com/r/Superstonk/comments/nb3sbf/we\_could\_own\_209\_of\_total\_outstanding\_shares\_and/](https://www.reddit.com/r/Superstonk/comments/nb3sbf/we_could_own_209_of_total_outstanding_shares_and/) by [u/sandric27](https://www.reddit.com/user/sandric27/) +* [https://www.reddit.com/r/Superstonk/comments/n8vuea/ever\_thought\_about\_how\_much\_shares\_the\_apes\_of/](https://www.reddit.com/r/Superstonk/comments/n8vuea/ever_thought_about_how_much_shares_the_apes_of/) by [u/joncohenproducer](https://www.reddit.com/user/joncohenproducer/) + +Edit: Here are some new ones: + +* [https://www.reddit.com/r/Superstonk/comments/nmv8p0/for\_the\_curious\_wondering\_how\_many\_shares\_we/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/nmv8p0/for_the_curious_wondering_how_many_shares_we/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) by [u/cieborg](https://www.reddit.com/user/cieborg/) +* [https://www.reddit.com/r/Superstonk/comments/nnngl6/update\_dd\_i\_did\_the\_math\_latest\_nordnet\_and/](https://www.reddit.com/r/Superstonk/comments/nnngl6/update_dd_i_did_the_math_latest_nordnet_and/) by [u/InForTheSqueeze](https://www.reddit.com/user/InForTheSqueeze/) +* [https://www.reddit.com/r/Superstonk/comments/npdoui/attention\_i\_believe\_uthebadsantas\_post\_about\_an/](https://www.reddit.com/r/Superstonk/comments/npdoui/attention_i_believe_uthebadsantas_post_about_an/) by [u/kamayatzee](https://www.reddit.com/user/kamayatzee/) + +If retail ownership is: + +* 50 M, then there are 100.1 M shares (real + synthetic), apes own 50.0% of GameStop +* 100 M, then there are 150.1 M shares (real + synthetic), apes own 66.6% of GameStop +* 150 M, then there are 200.1 M shares (real + synthetic), apes own 75.0% of GameStop +* Edit: I added an extra 3.5 M shares to the totals for GME's new share offering, it was originally based on 70 M shares. I also deleted the short interest calculation as it was causing confusion since I was doing it a different way. + +**TL;DR: Apes likely own 50+% of GameStop and we won't know how much until the proxy vote. Most whales are not in the rocket, they paper handed \~53 M shares in January. While this means that the short interest is not as high as we estimated before, it's also good news since apes control the rocket and how high it goes. We don't need to worry about whales paper handing early during the MOASS. And shorts have to get our shares if they want to cover. That's why they've spent the past 5 months running a FUD campaign against us to make us think we're powerless and small. And that's why it's very important for apes to VOTE in the shareholders meeting! Everyone's vote is needed to expose the abusive short selling. Even apes with X shares matter.** 🦧🦍🦧💪 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +As always, none of this is financial advice. I just like the stock. Do your own DD before making investment decisions. + +Data compiled from: + +* [https://news.gamestop.com/financial-information/sec-filings](https://news.gamestop.com/financial-information/sec-filings) (Insider Data) +* [https://fintel.io/so/us/gme](https://fintel.io/so/us/gme) (Institutional Data) +I've just had an email today saying when my Virgin contract renews at the end of the month, the lower price I've been apparently enjoying (£33) will come to an end and will go up to £49 per month. +I'll be honest, I'm not happy paying £49 a month for internet that doesn't reach the garage at all and struggles in other rooms. + +Does anyone have any suggestions about how to get the price down? Or do I just call up and threaten to leave? +Hello everyone, + +What are we loading up on during this mega sale or are you still holding waiting for it to drop more? + +GOOGL, MSFT, VTi and SCHD all are looking really good to me. +The interest rate on the loan is 0.68%, that's like £44 per quarter. The current, tax free dividend is £539 for the same period. So l'm cashflow positive from the outset. + +I plan to pay down the loan using the difference despite the low interest rate, then start to drip after that. + +Wish me luck! +https://www.reddit.com/r/trading212/comments/k6i7sk/i_share_with_you_my_dividend_pie_that_pays_you/ + +i have made a pie that pays dividend every week. 12 instruments that pay quarterly. staggered so you get a payout every week for the whole year. leave the auto invest on so it benefit from self compounding. every week, the pie should grow by itself. +How are you currently mitigating life risks, or thinking about mitigating, to reduce various risks for you and your family? Think 'estate plan' but beyond that, what do extremely wealthy people do? Would also love to hear unconventional things regardless of whether it's cheap or costly. + +I can start (NW $8M). I've done many of the following: + +&#x200B; + +* Health + * Whole body MRI to catch potential cancers while it's early and more treatable. Just had my closest childhood friend ($100M+ NW and in early 30s) diagnosed with late stage cancer, devastating. [Podcast from Dr. Peter Attia](https://peterattiamd.com/rajpaulattariwala/) + * VO2 max test since there is a crazy strong correlation (and likely causation) between VO2max and all-cause mortality. [Podcast from Dr. Peter Attia](https://peterattiamd.com/ama27/) + * Getting a safe car - for youngish people car accidents are one of the highest probabilities of death + * All the standard stuff: standard blood panels yearly, good nutrition, 8 hrs of sleep +* General risk reduction strategies + * Get a second permanent residence/citizenship outside of the U.S. Haven't done this one but been musing about it, who has done it here? + * Estate plan + * Emergency water and other supplies for 2 weeks +* Finance risk reduction + * Umbrella insurance + * Question: Are other non-home/auto insurances worthwhile when you are $5M? If so, which ones? + * 529 college savings plan & education savings account when my son was born (this is less of a risk reduction but more of a hack that few know about) + +Edit 1: + +a) Thanks all for your own ideas and comments. The goal of this thread was to really hear from you all to see what other "financially sophisticated" folks are doing since only in the past year did I do 90% of what I mentioned above. In other words, I still feel like I don't know what I don't know in certain areas especially in things like tax havens. **If you are fatFIRE, or just have a solid idea to add, please contribute below on what sort of unconventional, but wise, things you would do or consider.** + +b) I saw a lot of comments about exercise and my lack of mentioning in my original post. I had only mentioned things that I thought were incremental $ and/or unusual but worthwhile things to consider. Exercise is a must and I completely agree you should be doing it before considering a VO2max test. I do 3 hrs of zone 2 cardio training and 0.5 hrs of high intensity interval training per week. In addition, I do pushups, pull-ups, squats, lunges, and a whole host of stability work. However, more than half of Americans don't exercise and one could argue that for a minority of those people, doing a VO2 test could shock and motivate them to start an exercise routine. I've heard the same goes for calcium artery scoring tests, it can motivate you to get your health #$%% together. + +&#x200B; +NOTE: Thank you for the overwhelming amount of generous offers to buy me a blanket or comforter and send me fabric, but I'm fine. I have other blankets. You're all wonderful, but you're missing the point of my post. I'm making a duvet cover, not "patching together a blanket," and patchwork quilting is a classic art that I was taught by my grandmother. I don't want to sew it on a machine. I want to do this the way my grandmother and mother taught me. + +ORIGINAL POST: +I'm decluttering, and in one box I found a bunch of fabric, including half a roll of muslin I had forgotten I had. There isn't enough fabric of one kind to make a twin-sized duvet cover, but if I make a big-square patchwork quilt, there will be enough. There is enough muslin to make a back for it, and I have an old sheet I can use to back the quilted part, since it won't be showing. + +The stuffing on the comforter I have is still fine, but the outside is pilled and worn. I got it as a gift from my deceased mom, so I hesitate to just get rid of it. This way, I don't have to. I can just make a nice duvet cover and still have my comforter with a bright, pretty new washable cover. + +The most it will cost me is for the thread. I don't have a sewing machine, so this will all be hand-sewn during down times when I'm watching tv or relaxing. +Usual paycheck is about £4000 before tax, closer to £2600 after all deductions ( tax, ni, student loan , pension). +This months was £8000 before tax with £4400 after deductions. +The tax payment alone was almost the same as my regular take home! +A few people have said "don't worry, you'll get loads back in april" - is this correct? Do I have to do any forms to get rebate sorted ? +I have nothing against AMC, but go over to their sub’s new feed and look at the general lack of anything GME related, or the few that are GME related are saying ‘I’m also now holding AMC.’ I might be paranoid, but I wouldn’t put it past shills to post AMC here to cause FUD. I don’t want to see AMC on my GME sub, if I want to know about AMC I will go to the AMC sub. +I always see advice here to hire a good CPA for high income folks. I live in VHCOL area and work for a FAANG company. Last year my AGI was around $1.5M and it will be around $2M this year. All of this income is W2 income (base+bonus+vested RSU). I ended up with total tax rate of ~43% (Fed+CA) for 2019. My not-so-expensive CPA tells me that there is absolutely nothing that he can do to save on taxes if all of my income is on W2. If he is correct, is there a point in me looking for a “better” CPA? +It been well proven that GameStop price action experiences the effects of a 21-day Failure to Deliver (FTD) cycle. To catch some up to speed, here’s Hank: + +>Brokers are allowed T+13 days to merely locate the aforementioned share that they shorted. HOWEVER, they can satisfy the locate requirement with YET ANOTHER borrowed share, which will follow a T+6 settlement. – u/HomeDepotHank69 + +**This becomes a total of 21 days.** + +The result of this action, as showcased by the wonderfully created visual by [u/1mag1n3\_cgh](https://www.reddit.com/user/1mag1n3_cgh/), is a significant price increase on the 21st day. + +[Massive increases each 21st day](https://preview.redd.it/afzyc5ht3kz61.png?width=624&format=png&auto=webp&s=182a6d488aa855434746841106e93e255f410220) + +**But… what if I were to tell you that this is only a fraction of the story?** This DD serves to demonstrate that the prior articulation of a 21 day cycle is only slightly correct. In the truest sense of the phrase, but wait… there’s more. + +**A couple housekeeping notes so that I can sleep at night and don’t get Pixel’d, Warden’d or otherwise cancelled:** + +* This is not financial advice. I just like the stock and avoiding my work. +* Here’s your trigger warning for dates. The data presented below would allow an ape with at least one wrinkle to project with reasonable probability the next substantially green day. I’ll stop short of that in this write up. +* To be extra clear, I’m not suggesting that the MOASS will start on a specific date. +* Manage your risk. Don’t ruin your life based on the words some rando wrote on the internet. +* Know what’s meaningful to you. Everyone entered at a different point and everyone will exit at different points. While many will have the same belief in a squeeze, you gotta do what's best for you. + +**Alright, let's get to it. We need to check ourselves.** + +We’ve become spoiled. So eager for the MOASS that we think it’s only happening when we see a monster day of 15%+ gains. I’m with you – these do feel good. However, **from the perspective of nearly every other stock in the market, even a 3% green day is a wonderful, uncommon, and solid achievement**. For GME, it's confirmation that whatever is happening, the game has not stopped. In fact, the prevalence of of solidly green days that were seemingly random on the single FTD cycle visual DD is what made me start to feel suspicious that we've blinded ourselves to another reality that there could be other truths. Specifically, more cycles. + +A few questions that sparked in my head when reviewing the visual DD: + +* **Some days the price is 3+% green on days outside of the 21 day cycle**. If that is an objectively substantial increase and they control buying pressure, **why?** +* **Some days the price goes down significantly**. If we aren’t selling and the float is owned, one must assume these will have to become a part of an FTD cycle. **When** does it end? +* **There was a multi-day run in early March**. **How?** + +**After investigating these questions, I discovered that there have been at least SIX 21-day FTD cycles. It’s my belief that at least FIVE remain active.** + +Here is my laughable crayon drawing identifying each of the potential 21-day FTD cycles. Each color aligns with a cycle. The bold dotted lines identify what I believe to be the origin of the element of this vicious short scam cycle. + +&#x200B; + +[Yeah, I'm big timin' with the 64 color set](https://preview.redd.it/ckhm8a9k8kz61.png?width=1920&format=png&auto=webp&s=3723f0020d990d771f5c623f58260daa3759a70f) + +Want just the cycles? A'ight. I got you. (Edit: changed ~~dates~~ to cycles) + +Because this is near impossible to see, here’s the data smoothed out for you to identify each 21st day within each cycle. + +[Ken, I got the receipts](https://preview.redd.it/txnq447u5kz61.png?width=1490&format=png&auto=webp&s=6da92b5130f2e76fa277d778cace4d11085ad95b) + +**So, I’m going to hold myself to my own test and ask: why?** + +Let's have some fun though. Maybe you apes know the answer to each of these (edit: directions for smooth brains: hold down on the gray rectangles to reveal the answer): + +*Why didn’t it happen on January 8?* >!They dropped the price by 5% from $18.08 to $17.08 (-5%) and it rose 3.5% from lows. !< + +*Why didn’t it happen on March 26?* >!March 26 is Black's day to locate. However, March 25 was Red's and the price rose 53%. My suspicion is that either Mr. Black and Mr. Red are the same psychopath and are massively short or Mr. Black and Mr. Red ended up competing to locate shares on the 25th given their cycles are so tight, which is why price skyrocketed..!< + +*Why didn’t it happen on April 5?* >!They dropped the price -14% from the prior day's close during pre-market and it closed the day only -2%. Anyone who bought the dip had a great day.!< + +*Why didn’t it happen on April 13?* >!They did it after hours. 4% increase from $140.99 to $146.98.!< + +*Why didn’t it happen on May 4?* >!They dropped the price to from $162.20 prior day close to $155.45 by mid-day. The price then recovered to close a high of $164.59 after hours… about 6% increase after hours.!< + +*Why didn’t it happen on May 12?* >!The price was dropped to $142.23, then rose to a high of $150.49 before selling off for the rest of the day. They probably increased their short position.!< + +TA;DR – **Our eagerness for a 10%+ day blinded us to the massive multiples of 21-day FTD cycles.** In fact, each solid green day can be tracked back to an origin date at which a substantial short position was established. Some cycle dates are disguised as modestly red due to Ken & Co. doing their dirty work while apes sleep or tend to their families. And, there are many of these origin dates. At times, they are obvious as it is a substantially red day. Other times, it’s hidden in pre-market, after hours, or a during substantial event like earnings. + +See you next time… + +This DD has roots in a few other write ups I'm working on. In fact, it really only came from the process of researching for the sake of researching. There's still more work to be done and I'm happy to collaborate along the way. Here's where I'm focused next: + +* On-Balance-Volume – Brought to my attention as a technical indicator by the late Warden, On-Balance-Volume indicates the net increase or decrease in shares purchased vs sold. It’s been critical in our confirmation that retail is not selling. Could this be a helpful clue-finder to learning of the magnitude of each cycle’s origin? +* How does a cycle end? Can it? +* Does price behave in similar cycles immediately prior or after the 21st day? + +Edit: Soon to be verified update +Was April 16th the initiation of another FTD cycle? I cover this here: https://www.reddit.com/r/Superstonk/comments/nehluy/april_16_an_ftd_origin_story/ + +Tick tock, + +u/suspicious-singer243 +https://www.reuters.com/article/us-ethiopia-airplane-boeing-poll/fears-of-flying-boeings-737-max-wont-get-in-way-of-price-conscious-ticket-shoppers-reuters-ipsos-poll-idUSKCN1SL12D + +(Reuters) - U.S. fliers still consider ticket prices the most important factor when choosing a flight, according to a Reuters/Ipsos poll, suggesting two fatal crashes of Boeing Co 737 MAX jets have had little impact on consumer sentiment. +She mentioned it to me this morning and said that she doesn't remember who's taking the money out, but she said right after it got taken away she got a phone call from some place saying she would go to jail if she didn't pay so apparently she been paying a$100 a month for 8 years. This sounds so fishy and was wondering has anybody heard of something like this before? +Finally pulling the trigger on retirement today. + +I (48) have been working at roughly the same position (in IT) for 24 years. I have been through the company going bankrupt, getting bought out several times, tons of rounds of layoffs that missed me, and even a layoff that hit me. But I made it through unscathed and gave my official notice at the start of this month. I was offered a contract position for 10 hrs/week, but the rate was not enough for me to get past the "still tied to the idea of work". I just didn't want to be thinking about work when I wasn't getting paid for it and I have not been the best about that in the past. + +I'm married with no kids, though my wife had to retire a few years ago due to health issues. I never made the salary that I was probably worth and no where near what I see on some posts here, but I was normally able to save quite a bit of it. + +Overall, I have been extremely lucky. I was fortunate enough to graduate college with no debt. Eventually moved to a LCOL city (rent was about $325/mo when I left in 2011). Managed to find a job that made it through the dot com bust and Great Recession and everything else. I was also fortunate enough to get a decent (Edit : $700-800k) inheritance back in 2015. + +When I graduated I knew that I wanted to retire early, but never really had a true plan. To be fair, I'm not sure that I do now. I was mainly focused on saving the most I could. Probably the biggest impact to my net worth was having a decent amount of cash during the 2008 crash and buying S&P on the way down. And obviously, the run up since then. + +The figures : +Taxable account - $1,522,000 +Retirement Accounts - $1,413,000 (Spread between rollover IRAs, Roth IRAs, and an inheritied IRA) +Spending is about $35,000/yr +We own our home and car, so no debt other than credit cards that are paid off monthly. + +For health care, we're planning to stick with COBRA for the end of the year and then switch to ACA. We want to keep our same insurance so as not to reset our out-of-pocket expidentures thus far. + +Things I would have done differently : +Don't try day/position trading during the dot com bubble. I didn't lose money, but I missed a lot of gains. +Discover the three fund portfolio earlier. My taxable account allocation is not where I want it, but tough to fix that and take the capital gains hit. + +For the future, I don't really have a set of plans. I do want to do more hiking, do some strength-training (I'm too weak), and probably look for volunteer opportunities. My wife and I also want to find some place that can be final home, since we're in an area that is not elderly-friendly. + +We'll see how well retiring works in this economy. We have a decent amount of cash and "safer" investments. So long as things improve in five years or so, I think we'll be okay. Hopefully it works out. +The idea is that if crypto mining becomes unprofitable, there will be a flood of cheap GPUs on the secondary market. + + +I'm a bit new to this so feel free to tell me I'm an idiot but please explain why. +Credit: [https://twitter.com/FatManTerra/status/1535623662153437185](https://twitter.com/FatManTerra/status/1535623662153437185) + +Do kwon was a paper billionaire with no way to cash out without causing a depeg. Heres how he used degenbox to cash out into usdt/usdc + +Lets start with what degenbox is: a borrowing protocol where people can loop stablecoin buys. You can stake collateral to buy UST, put it into Anchor, then use your aUST to borrow more UST, put it into Anchor again... You get the drill. It's Anchor on steroids. + + Terra influencers shilled this strategy en masse, and thousands of retail users began flooding into Degenbox to access the high yields. This created incredibly thick, near-immovable liquidity near the top of the peg zone (the $0.98 to $1.00 range). In a nutshell, it would allow for someone to cash out billions of UST for MIM at a 1:1 rate without disturbing the peg - all thanks to inorganic demand. + +Here's the total amount of MIM Do Kwon was able to cash out through the MIM/UST pool - without even moving the peg! $2,719,132,772.01, to do with what he pleases. No need to dump LUNA or sell UST on exchanges - he drummed up liquidity from all of you. + +https://preview.redd.it/17acssrn40591.png?width=572&format=png&auto=webp&s=79356b83aef142fd546bcf33972658175e3050f1 + +UST is the future, he said. Decentralized money is sound money, he said. UST won't depeg, he told you. 'Centralized stablecoins will rug you eventually.' So why did he cash out $2.7b from UST into USDT and USDC? Were all those words just lies? (Spoiler: yes.) + +https://preview.redd.it/lnqogfqt40591.png?width=850&format=png&auto=webp&s=e93885ed51bdb66e654f912358d6ff5b98688263 + +Here are TFL's outflows. $558m to KuCoin, $1.08b to Binance, $545m to Huobi - you get the gist. Ultimately, all of this money is liquidity being removed from the Terra ecosystem, exacerbating the collapse, bolstering TFL coffers - all while they lied to your face. + +https://preview.redd.it/zov83ccz40591.png?width=816&format=png&auto=webp&s=12e48c26e57df86fd7db10c3277c6b6208309b0c + +https://preview.redd.it/noikmgs050591.png?width=816&format=png&auto=webp&s=054257b4ccda21e26fa9bb70bdcf39662e6a951d + +Again credit to [https://twitter.com/FatManTerra/status/1535623662153437185](https://twitter.com/FatManTerra/status/1535623662153437185) and also [https://twitter.com/fozzydiablo/status/1487191909948960776](https://twitter.com/fozzydiablo/status/1487191909948960776) +So Fatties out there, how high was your net worth before you started gifting some of it to family and/or friends? And what was or is your strategy and thoughts on it? Examples appreciated too please. + +We’re at the point where I’ve pretty much zero doubt that we need to start gifting and possibly setting up some irrevocable trusts so that (US) estate taxes don’t eventually hammer our estate too badly. + +It’s a first world problem for sure, and I’d like some feedback before we chat further with our estate planning attorney about it. +**Update: Thank you for the advice. I logically explained my rationale and my requirements, they did not balk and said they need to talk to comp team and will get back to me. Wow...** + +&#x200B; + +Hi - I am not a true executive but in the $400K range within Financial Services, a few years away from "making it". I've been getting messages from recruiters on LinkedIn and have had some conversations. One of them has led to the brink of an offer. My current company is a better name and I am on a solid path, but it would be a bigger role and could potentially help me fast forward a couple years. + +I fucked up by at the beginning of the process telling them my current comp and that I would at least need that to switch. But in reality I would need $600K or so to see it as a worthwhile switch. How do I communicate this without offending them or having them think I misled them? + +Also, is it going to burn bridges and leave bad blood to wait for an actual offer in writing and **then** reject it (let's say because I have a conversation with my current employer and they sweeten my situation)? + +I am a people pleaser and feel very uncomfortable leading people on, but I am not sure how else to test the market. It feels like somebody will get upset and feel strung along either way. Not sure how to best proceed. + +Figured this would be the best forum where people may have gone through similar things in their careers. Thank you in advance for any guidance/thoughts. + +&#x200B; + +&#x200B; +Venrock [financemagnates.com](https://www.financemagnates.com/cryptocurrency/news/first-soros-invests-cryptocurrency-now-rockefeller-buffett-next/)the venture capital arm of the Rockefeller Foundation has signed a partnership with a cryptocurrency investment fund. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +I'm plodding through the Interactive Brokers Python API (using the ib_insync wrapper) to build an algo to trade stocks/ETFs. It seems to be the best option for retail traders, but it's awkward and poorly documented. Assuming I have sufficient capital and am willing to pay the fees for a better platform, what are the best options in the industry? How would a mid-sized hedge fund do this if not on IB? (names of institutional brokers with a Python API, other software needed, etc.) +Others get this email just now as well? Particularly the second bullet within the email is alarming: + +Transaction-fee (TF) mutual funds fee. The fee for all TF mutual fund transactions placed online is now $20. + +So, if I sell $2000 of a mutual fund it will charge $20? Wasnt this transaction free beforehand? +&#x200B; + +https://preview.redd.it/3pqfi3r7uf871.png?width=1426&format=png&auto=webp&s=001e474dc15e288e20cdde7e28cba91d95ee66de + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Today's Recap 📈 + +# $GME Closing Price: $214.14 + +&#x200B; + +Open Price: $209.69 ( ͡° ͜ʖ ͡°) + +Daily High: $215.28 + +Daily Low: $206.94 + +Volume: 2.51 MM + +https://preview.redd.it/6pnhxyt8og871.jpg?width=1126&format=pjpg&auto=webp&s=c262ee05aee09e4091e2796f3a65fdb3a982545c + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🖍🍎🚌GME 101🚌🍎🖍 + +&#x200B; + +*If you're new to Superstonk, start here!* + +&#x200B; + +[Superstonk FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq#wiki_how_do_i.2C_as_a_retail_investor.2C_stand_a_chance_against_the_hedge_funds.3F) (Updates coming soon) + +[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index) + +**NEW!!** We will be having a "Smooth Brain Sunday Megathread" every Sunday as a place to ask all the questions you've been wanting to get answered! Please be advised that all answers provided are from individual users and, as always, any information you receive requires doing your own due diligence!! + +The apes of [r/Superstonk](https://www.reddit.com/r/Superstonk/) sincerely appreciate the time and effort put into getting this information out there. 🦍🤝💪 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 500K Members on Superstonk + +&#x200B; + +*Putting a placeholder here for the screenshot!* + +&#x200B; + +&#x200B; + +It appears as though we will be hitting the half a million member mark before tomorrow's edition of the Jungle Beat. **HALF A MILLION APES!!🥳**🥳🥳 + +&#x200B; + +You wanna know a cool fact? Woodstock reportedly had about 500k people in attendance. **WE ARE WOODSTONK BABY** ✌💖🌼🚀 + +&#x200B; + +Here's some pics of Woodstock '69 to put it in perspective: + +&#x200B; + +https://preview.redd.it/zn0hf3h9kg871.png?width=600&format=png&auto=webp&s=fc6cf332d57a3167ec25a66ad3e6ef4bbdacd726 + +https://preview.redd.it/49scsl1skg871.png?width=660&format=png&auto=webp&s=91a5f1ac32766680f78ed548fabf9c77cd0c33dc + +https://preview.redd.it/tw7o24lbkg871.png?width=696&format=png&auto=webp&s=95bc8af66c844b61566f48edbff5efe3637cbce0 + +https://preview.redd.it/n5tpd23dkg871.png?width=594&format=png&auto=webp&s=8bd263e4a0e604fcbbfa385b61f5d96b66bc7118 + +[dat us](https://preview.redd.it/ys6paakkkg871.png?width=1200&format=png&auto=webp&s=b2b214124942fe7bc59f8530884eb31c44d78166) + +&#x200B; + +Some of us have been here since before the first migration, and we have made many many friends along the way. As we sit here and enjoy this beautiful, enriching community that we have all collectively built, I just want to express a sincere thank you to everyone for being a member of Superstonk!! None of this would be possible without a whole lotta' dedicated apes. It's a deep fucking honor to be here with you all. 💎🙌 + +🦍🤝💪 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🥇Broken Records 💿 + +**RRPs back at it again** + +$991 Billion and 90 participants 👀 + +https://preview.redd.it/lvcz75kc7g871.png?width=960&format=png&auto=webp&s=63c432c82465e5235d9c0d566ca4b0167bec1b9d + +&#x200B; + +[Sooooo close to unlocking the Trillion Achievement! credit u\/canispeaktoyourmangr ](https://preview.redd.it/stbeqw227g871.png?width=960&format=png&auto=webp&s=d355547b553667acf8bfcbeb55452433d2327e03) + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Community Spotlight + +# Hot'n'fresh DD by u/Jsmar18 + +&#x200B; + +[Demystify the Feds ON-RRP Operations, Why do we care so much about them? | Finally figured out what Michael Burrry IS trying to tell the world by u /Jsmar18 (link)](https://www.reddit.com/r/Superstonk/comments/oaw2ls/demystify_the_feds_onrrp_operations_why_do_we/) + +&#x200B; + +As we watch the RRP levels rise to record highs, we are paying more and more attention to it because... well, why are they rising to record highs?! But this Hot'n'fresh DD that just dropped today from fellow mod Jsmar presents an enticing argument for why ONRRP rates may not actually be as big as we think, and that Dr. Burry's tweets seem to possibly confirm this theory. + +&#x200B; + +https://preview.redd.it/b505xs1shf871.png?width=293&format=png&auto=webp&s=a031b871eaaa5aab9bde7597fa587c8991254e71 + +Super dope read and we appreciate the work of wrinkly apes like J to educate us and provide such well-researched counter-thought to quickly established theories in the community! + + \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# $GME aesthetic chart art + +&#x200B; + +[credit u\/LLMOONJ ](https://preview.redd.it/6xtfgyjl0g871.png?width=640&format=png&auto=webp&s=2fa73247535c33927aaf2116518897058987d73a) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# FINRA issues largest fine EVER to Robinhood- $70MM + +*Newsflash: Robinhood's Cost of Business is just Cost of Business. In other news, bananas are yellow.* + +&#x200B; + +https://preview.redd.it/9j2wlfrr7g871.png?width=828&format=png&auto=webp&s=6fb6b784d292bac3f09cb72f416a8bd25b7058f3 + +&#x200B; + +Did you see those fucking RRP numbers up there? We are dancing with the Trillions here, and we're supposed to believe that $70 Million is a sufficient fine for someone who made billions off of PFOF?? Nah. FINRA can pretend that their Self Regulating ~~Organized crime~~ Organization (SRO) is issuing mind-boggling numbers here, but we have seen behind the veil and that's hardly a slap on the wrist- especially when a much lesser crime of stealing a loaf of bread would put the common ape in jail. + +&#x200B; + +It has also been noted that this is not related to the taking away of the buy button in January. Robinhood just proved that this fuckery is part of their business model. + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# We Like the Company! We Support the Company! + +&#x200B; + +Obviously you're a shareholder because you love Gamestop and have high hopes for its future. Supporting the company you love on the retail front is a great way for a shareholder to ensure a business' success! Here are several ways you can show your public support for Gamestop; + +* [**Shop at Gamestop.com**](https://www.gamestop.com/) +* [**Become a PowerUp Rewards Member**](https://www.gamestop.com/poweruprewards/) +* [**... Which gets you a subscription to Game Informer Magazine**](https://www.gameinformer.com/) +* [**Follow Gamestop on Twitter**](https://twitter.com/GameStop) +* [**Subscribe to Gamestop's YouTube Channel**](https://www.youtube.com/user/gamestopvideo) +* [**Follow Gamestop on Twitch**](https://www.twitch.tv/gamestop) +* [**Follow Gamestop on Instagra**](https://www.instagram.com/gamestop/?hl=en)**m** +* [**Follow Gamestop on Facebook**](https://www.facebook.com/GameStop) +* [**Apple Devices- Download the Gamestop App**](https://apps.apple.com/us/app/gamestop/id406033647) **(Link to App Store)** +* [**Android Devices- Download the Gamestop App**](https://play.google.com/store/apps/details?id=com.gamestop.powerup) **(Link to Play Shop)** +* **Brands owned by Gamestop; ThinkGeek, GameInformer,** [**MicroMania**](https://www.micromania.fr/)**, and** [**EB Games**](https://www.ebgames.ca/) + +Please remember apes, as you are interacting with Gamestop Social Media, that their objective is to reach gamers and promote their brand to their demographic. Yes it's fun when they tweet MOASS and Chickie Tendies, but let's not flood them with comments about Ken, Naked Short Selling, and Mayonnaise. Let's show them support by joining, contributing to, and expanding their robust community of gamers! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🚨 Reddit down 🚨 + +# With Reddit having issues during high traffic, exciting moments in this saga, we have discussed what to do if Reddit has an outage. + +**IF REDDIT GOES DOWN AT A PIVOTAL MOMENT A LARGE PORTION OF THE MOD TEAM IS ON TWITTER.** + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +**IF THERE IS SOMETHING BIG GOING ON WHILE THE OUTAGE IS HAPPENING WE MAY ALSO UTILIZE THE "EMERGENCY BROADCAST SYSTEM" TO RELAY INFO:** + +[SuperstonkLive YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***OOK OOK*** + +***"I may have been early, but I am not wrong"*** + +&#x200B; + +https://preview.redd.it/opkud4o46g871.png?width=1600&format=png&auto=webp&s=ec5ccf859a82f59ee79cb9ea6e790cf112279d31 +Let me get this straight, he sent customer funds to alameda then took some from that to buy shares, why can’t they just say, SBF used customer funds to buy robinhood shares?? +I'm just getting into the cryptocurrency game and downloaded Coinbase only to discover that you can't sell with Coinbase in Canada. How do I invest up here? Thanks! +I checked out [this recent video](https://www.youtube.com/watch?v=bEQbpmqyVEk) out hoping that it would shed some light on how someone could be financially stable and growing their wealth *outside of the current week-to-week survival lifestyle.* Instead, it highlights a 32 year old waitress who makes $50-55k waitressing and $5k dancing who has no retirement savings with no plan to, shares a place with two roommates, has $5k in savings with what seems like no idea that she is losing more and more potential wealth every day of her life. + +Now, don't get me wrong, people can and should live however they damn well please, but I was saddened that CNBC was selling *this* to millennials as a way of life instead of accumulating wealth to say, buy a house or retire before 65 anywhere else but in the middle of Kansas. And kids? Forget about it. + +I'm frustrated that this is what my genertaion is reduced to - being happy about being ignorant poor. Thinking it's OK to strive for this woman's lifestyle while thinking "this can't be right, right?" in the back of our minds. All the while, the rich stay richer and the ignorant stay ignorant. + +This hit me personally because I grew up blue collar and I know most of my old friends and family would be super happy to see this video, but they'd have no idea what they're missing or why. +He passed in March of last year. We had talked about Bitcoin and some other cryptos quite a bit in the few years prior to that. + +Knowing his time was near, one of the last things that he said to me was that he felt strongly that he believed Bitcoin would be the key to financial freedom for me. + +It is looking more and more like he was right. + +I just wish he was still around to see it. + +I love and miss you, dad. + +EDIT: Really wasn't expecting this to blow up so much. Thank you so much for all of the kind words. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. 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We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* + Customers of Afterpay and Zip may be forced to pay buy now, pay later fees now borne by shopkeepers under plans for more intensive regulation of the fast-growing sector [being considered by Treasurer Josh Frydenberg](https://www.afr.com/link/follow-20180101-p59fk2) and the Reserve Bank of Australia. + +Afterpay and Zip prevent merchants passing on the cost of buy now, pay later credit, which represents about 4 per cent of the price of purchased goods. Major BNPL providers processed $11.4 billion worth of sales in the year ended June 30, implying about $450 million of merchant fees. + +The Treasurer said changes to modernise the regulation of the payment system would be settled by mid-2022 to accommodate new and emerging payment systems. + +“This will include considering the appropriate treatment of services like buy now, pay later and digital wallets, including any new rules around fees and surcharging,” Mr Frydenberg told *The Australian Financial Review* on Wednesday. + +Looming, tougher regulation of Afterpay and Zip comes after the Reserve Bank said in October that it wants them [to remove contractual clauses that prevent merchants such as shopkeepers and other service providers passing on the relatively high cost of the services to customers.](https://www.afr.com/companies/financial-services/rba-orders-buy-now-pay-later-providers-to-remove-no-surcharge-rules-20211022-p592bc) + +The RBA described BNPL as an “essential payment offering” and said its high fees were now pushing up payment costs for business, an issue small business groups have complained about for several years. + +Small business advocates want the option to pass through BNPL charges to customers, as they are already allowed to do for credit card payments via Visa, Mastercard and American Express. They think this will help merchants negotiate lower fees with providers. + +## Marketing and customer referrals + +Commonwealth Bank chief executive Matt Comyn has also pressed the government to let retailers pass on BNPL charges, which would make the overall cost of accepting the services more transparent and could lead some users to switch to paying with lower-cost debit cards. + +But BNPL operators, such as Afterpay, have lobbied the government not to change the no-surcharge rule, and argue a significant proportion of the fees relate to marketing and customer referral services – not payments. + +The government, after planned consultations with the RBA and industry stakeholders, will likely make a final decision after the federal election, which is due by May. + +“Cost of living” will be a key battleground during the election, so the government may try to avoid letting BNPL surcharges be passed through to customers until after polling day. + +RBA governor Philip Lowe, who will deliver his annual speech on payments on Thursday morning, called for a more expansive definition of a payment system at a [hearing of the House of Representatives economics committee in August](https://www.afr.com/companies/financial-services/lowe-we-have-work-to-do-on-big-tech-payments-20210806-p58gfd). This would also allow the RBA to intervene and make rules for global technology platforms such as Apple or Google, as their payment services grow. + +## Uncertainties about regulatory power + +The RBA prevents the credit card schemes from stopping merchant surcharging and wants the same rules to apply to buy now, pay later. + +But the RBA’s ability to regulate the fast-growing BNPL sector has not been tested, and experts consider operators would likely fall outside the current definition of a payment system, given existing bank cards are used to move funds. + +Treasury said it wants to expand the law, to allow the Reserve Bank to capture the “the full suite of systems and participants within the payments ecosystem”. + +“We think it would be in the public interest for buy now, lay pater providers to remove their no-surcharge rules,” Tony Richards, the RBA’s outgoing head of payments, told an event hosted by COSBOA on Wednesday. “But there are some uncertainties about the bank’s regulatory power here, so we are working with Treasury on that.” + +Even if the RBA gets powers to regulate a broader range of players, any attempt to impose a “no surcharge” rule on the whole buy now, pay later fee would be unreasonable, Afterpay and Zip said because merchants pay BNPL operators for services that go beyond the payment, including referring to them the Millennial customers who have flocked to the popular apps to look where to shop. + +“When it comes to regulation, Afterpay should not be viewed narrowly as a payment system but in context of the overall value we offer to our retail partners, which is significant in terms of the marketing benefit we’ve created,” said an Afterpay spokeswoman. “As an example, Afterpay competes with other online marketing platforms, such as Google and Facebook, that charge higher fees to merchants for individual customer referrals.” + +## Over-reaching oversight + +Zip co-founder Peter Gray said any expansion of the definition to payments system would only capture the actual payment processing part of a transaction, not other services provided to merchants. + +“Zip has always said our model is very different to scheme payment processing because we are not just a payments system, and provide many services,” he said. “For merchants, not only do we accept payment, but we provide marketing and customer leads and significant commercial benefit by removing fraud and chargeback risk.” + +The government, which, under the reforms will adopt a stronger leadership role over payment system, has indicated the buy now, pay later sector may not be in its sights, even if it is targeted by the RBA. + +In its response to the call from a parliamentary joint committee for the buy now, pay later sector to be reviewed next year, Treasury merely “noted” this recommendation, while many of the PJC’s other recommendations were formally accepted. + +Senator Andrew Bragg, whose 12 recommendations on crypto regulation have been accepted by the government and who will also speak at the Australian Payments Network event alongside Dr Lowe, said it is highly unusual for the RBA to have primary authority over the payment system. + +“It makes no sense that an organisation which is focused on narrow policy objectives would have oversight over something so far-reaching and fundamental,” Senator Bragg will say in his Thursday speech. + +“The Australia government, not Silicon Valley, or Shenzhen, or the RBA, should run Australia’s payment policy”, he will say, and with the reforms announced on Wednesday, “now we are back in control of payments policy”. + +However, consumer groups said they would use new consultations next year on the details of new payment regulation to push for tougher consumer protection in the buy now, pay later sector. + +Gerard Brody, CEO of Consumer Action Law Centre, said the payment reforms provide an “opportunity to ensure BNPL is regulated effectively and consistently with other credit products, to address the significant risk of debt and financial stress associated with these products”. + +The industry group representing the BNPL sector, the Australian Finance Industry Association (AFIA), which developed a Code of Conduct for buy now, pay later last year, said any new regulation should be developed with industry, to prevent overreach. + +“AFIA believes further development of payments standards and governance would benefit from co-design through a working group that includes industry bodies, leaders from the market and other participants who will help promote the development of payment standards and help the market meet its ongoing regulatory obligations,” said chief executive Diane Tate. + +## Improving customers’ protection + +The banking sector was also digesting the impact of new powers for the Treasurer that may be used to bring digital platforms like Apple into the regulatory remit. Apple and Square declined to comment. Google did not respond to a request to comment. + +Mr Comyn said payments are “a critical element of Australia’s financial services infrastructure and the economy more broadly” and “we are particularly supportive of changes that will help ensure the system remains fit for purpose, safe, and aligned to the national interest, while providing new opportunities to innovate and updating consumer protections to keep pace with the development of the digital economy.” + +Westpac CEO Peter King said, “modernising our payments infrastructure and its regulation, including cryptocurrency regulation, will strengthen our financial system and improve protections for customers.” + +Andy White, CEO of the Australian Payments Network, said the reforms will “future-proof Australia’s regulation of payments, through introducing regulatory flexibility, in the ministerial designation power and the expanded definition of payment system”. + +“Through the recommendation of a strategic payments plan, they will provide strategic direction and clear policy objectives, and therefore certainty for industry investment decisions. They protect consumers and support innovation by ensuring that all payment providers are appropriately licensed,” he said. +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 +I’m very happy in my current job, in terms of the work, I enjoy my colleagues, the environment is good, they provide great career development opportunities, excellent work life balance, nice pension etc… + +The only thing that isn’t so great is the salary, it’s so big and bureaucratic that getting salary increases is difficult, and the pay bands haven’t been updated in years. + +The end result is that I could probably get another 30k doing the same work in a different org. Currently I’m on 50k, so that would be a decent jump for me. + +But enjoying everything else about the job, especially the work life balance (finish at 4pm on the dot, no weekend working), makes me weary about leaving. Would I find such great terms elsewhere. + +But ultimately, everyone has a price, so I’m curious, how would you make that kind of decision? +I currently spend circa $140,000 per year. When I eventually retire, I imagine I can spend much less as I will have time to shop for bargains, do a few more things myself etc. But I'm wondering if that will actually be the case, or other expenses will just replace those. I'm very curious about what the rest of you spend. +Many posts on here are early-stage, with calculations of NW projections based on 7% annual returns, low spending etc. If you’ve been earning 7-figs for 10+ years, where are you now? Did you manage your own portfolio and use low-cost ETFs? Did your money double in the market every 7-years? +Recently arrived at (or near) my FATFire goal. To be honest, I never really had a number, but have recently sold my company bringing me up to \~$7M after taxes, which seems like enough. This event got me thinking about asset protection. + +I've been recommended by a friend to put a large chunk of that into an LLC and buy a single rental property (or do some sort of minimal business) in the LLC's name as a way to shelter those funds from any sort of future personal liability that may come up. I imagine I can then invest the majority of it into ETFs on behalf of the LLC as I normally would. + +What are the pros and cons of doing something like that? Does it really shelter your assets? Are there tax consequences if you want to use that money someday in the future since you'd be taking it out of the LLC? +The only airplanes that BCA is delivering right now are 767s, and a very few 737s. Their cash burn has increased in the second half of 2020 because of the issues with the body join on the 787s. + +I know that they pulled in a bunch of cash to ride out the 737 storm, but they must be burning it up at a prodigious rate. + +Has anyone seen info on BA cash burn rate relative to their stockpile? Anyone place odds on BA going bankrupt in 2021? + +They have practically no major revenue generating operation right now, relative to their cost structures. + +Article discussing 787 issues: http://nyc787.blogspot.com/ +I just got a 50% raise. Details below: + +I've been in my current role for about 10 months and doing very well, but feeling a bit under-valued. After some 1:1 sessions with my Manager, he suggested I ask for a raise. Was making $60k/yr, and the increase just got approved for $90k/yr. Started the conversation with an email. Here's how the email to HR looked: + +1) **State my case** - Was direct, asking for an increase in compensation, with high-level logic. + +2) **Logic** - Went into detail on my work, the value I bring, and the positive feedback I've received. + +3) **Data** - Linked data on median pay for my role/responsibilities from sites such as Bureau of Labor & Statistics, Glassdoor.com, and Salary.com. + +4) **Conclusion** - Recapped my logic and data. Closed strong with the direct request to increase my pay to $90k with a date of July 1st. (FY17) + + +I shot high, thinking we would land in the middle. Was pleasantly surprised to get exactly what I asked for. Happy to answer any questions on the details. + +**Update**: Wow! Thanks for all the support everyone! I'll do my best to reply to your comments throughout the day today. Oh and I forgot to mention, I do not have a college degree either. I will also not be sharing the email. The details above should suffice, but feel free to ask questions! +EDT: Thank you, everyone who has responded. I've been slowly making my way through the comments to reply personally, but if I miss someone, know I still appreciate the thoughts deeply. I can't believe the support and kindness. I was in such a dark hole this morning, and it truly has helped more than you'll ever know. Please keep being such amazing people. + +I'm truly suprised that my miserable little whine got so much traction. In a way I'm sad it resonates with so many. I'm also super greatful for the many kindnesses you've shared here. Today was a rancid, horrible day and I just cracked, enough to come vent on the internet. Seeing so many kind thoughts in one place has helped me at least pick myself up and piece myself together a bit. Thank you. + + + + + +I labelled this a rant, but it isn't even really that. I'm just exhausted. + +We were having financial issues pre-COVID, but just managing. COVID wiped out employment for us both, though, and 6 months later every saving etc is just drained dry. We're far from unique in that. Hey, I'm lucky in a way...I don't owe rent and we have relitively little debt. + +I've managed to scrape bits of money here and there through piecework. But all it's doing is barely covering bills. People keep making out like that's good, like we're 'doing ok in the crisis'. Yay me! The bills are covered. The corporate gods are appeased! + +It isn't. It's (literally) killing me. I have an Autoimmune disease. Luckily a 'simple' one, fully manageable with medication. I was taking 1/2 then 1/4 doses. As of last week I'm on 0. I have to nap just to get through the day, my energy is so non-existant. This is without addressing 3 key supporting vitamin deficiencies I have. Treating that's a pipe dream, even if one leads to nerve damage down the line. This will screw me over for the rest of my life. + +We barely have food in the house. I actually asked on one of the help subs for a little cash last week, which a kind soul helped with, just to buy some veggies to go with the rice and pap. I cried buying those. Literally burst into tears over the idea of eating broccoli for a few days...I'm kinda lucky I buy from a 'farm stall' place and it was just an older lady to see the embarrassment. Dang, broccoli, who thought you'd mean so much to me! + +My geyser broke in April, so we have cold water only. Still, we have water I guess. I had to drop the buildings insurance due to COVID when they shut down our industries in March. Typical, right? I've also got 1/2 complete plumbing stuff just lying open in the garden, as one does when stuff breaks way beyond the limit of your budget and the money Never Comes Back and the crap Never Stops Coming. We've tried fixing it ourself. It needs a pro. + +Those are just the biggies. Every day is just packed full of tiny ways my soul is being flayed apart because every cent has gone into paying the essential bills that we HAVE to service. I have 2 pairs of pants left, both in holes. Let's not talk about underwear. And so on. And so on. Just little humiliation after big struggle day in and day out. + +You get the idea. + +There is 0 help. + +I'm not in the US, I'm in South Africa. Our government racialised who can get the government sanctioned food parcels, stole most of that anyway, and I don't think anyone's got the promised SASSA grants (a whole $19, NOT remotely liveable even just for food out here, never mind living). Was a freelancer so don't qualify for UIF. We don't have any other type of 'unemployment' or social safety net like overseas. Churches don't do much at all + it's township outreach if they do (fair enough), charities tend to think people who look like me can't be poor and again, most focus on townships for obvious reasons. No food pantries and stuff. Medical care is pay to play, I can't get my meds through a government hospital, they're not on their narrow list of stuff the clinics will give. I would be terrified to go queue up there anyway since my AI places me at high risk and the queues are out the door daily, so maybe that's a good thing. + +Electricity is by a monopoly provider here, they've gone ahead and put their rates UP, no help. I need the net to work, so been keeping that paid. No help or relief, they also just put through their 'annual increase' too, yay...and they're the cheapest I can access. I can't drop my security company, not in this country when we're all alone and have no family to hand. They've actually been great at letting me pay in piecemeal, anyway, but they are a business, I can't keep dicking them around. Otherwise, I have a credit card. They did let me use my 6 months retrenchment insurance, but that's over now and they don't seem to be willing to work further with me, so lord knows what now on that. I guess just default because it's the least of my worries. + +I'm pulling in enough money this week to pay the Electricity bill in full. If I do, there will be no food or meds. Again. I'm looking at that money right now, and I just want to cry. To have it come in and go out and still eat rice for breakfast and dinner til that runs out too will kill me. I've already sold everything I have to sell. + +When are we 'allowed' to give up, stop fighting and add back a fraction of quality of life? When can I call it and say 'we've drowned anyway, let me go down with some veggies on board and a full stomach'? When is it actually ok to just say stuff it and buy my meds so I don't die young with poor quality of life cos gosh dang it, Absa and Eskom couldn't take a payment hit in 2020? + +I'm not keen on losing Electricity. I've been trying to see if I can get a payment extension so I can 'legitimately' keep some of the cash aside, but that's just going to delay the inevitable. Once it starts going underpaid how do I catch up? Some smart alecs I know came up with 'sell the house' but a) That doesn't happen in 10 minutes b) In the COVID recession that's destroyed our economy c) You saw the two big issues up there...I'm not getting a fraction of market value for this place with NO hot water and borked plumbing and the many other things wrong here and d) Why then sacrifice actually having a non-evictable place to live for peanuts? That just means I'll be giving up on the street instead of in a home. + +We're not making it out the other side of this. Can I just buy some veggies this week and say fukitol, or do I have to sacrifice all to the bill gods yet again so I can drown sick and hungry like a good little corporate slave? +I don’t typically enjoy adding to stocks when they are in a downtrend, but it has worked well for me with dividend stocks in the past (KO, KDP, PEP, PG, FAST, NTAP, others). Lots of stocks on sale, so which do you like right now? +Hello all, + +I apologize for the silly post, but I can’t help but feel I’m behind on my goals. Looking for some reassurances that Im heading in the right direction. + +I am a 29 year old with a current net worth of $360,000. $340,000 in dividend stock and various ETF’s, reminder in cash. + +I plan to retire with dividends as my primary source of income. I am looking to generate $5,000 a month, I am also looking to retire at age 40. My home will be paid off as will any other loans I currently have. + +Do those who have done this think I am on track to accomplish this or am I going to need to ramp up my savings/inventing. + +UPDATE: +For those who have asked. + +Annual Income: ~ 100k a year. +Mortgage: $2400 +Monthly expenses: try to keep it between $1000-$1500 +Dividend yield: ~ 4% looking to increase this number to obtain my goal. +Annual savings goal: $50,000/yr + +I make the max contributions to my companies 401k and HSA yearly. I have done this since the first paycheck I received. + +Side note: net worth is based solely off of my money. I am married but my wife is not as of yet working. + +So to the random comments stating my parents have handed me money. Please check yourself before making pointless accusations. + +Thanks, +Been watching this one for a while now. + +**GreenPower Motor Company Inc. is a Canadian electric bus manufacturer. The company fabricates multiple models of high-floor and low-floor vehicles, including transit buses, school buses, shuttles, and a double decker. +GreenPower employs a clean-sheet design to manufacture all-electric buses that are purpose-built to be battery-powered and zero-emission. +GreenPower is headquartered in Vancouver, British Columbia, with primary manufacturing and fleet operations in Porterville, California. ** + +They have a complete transparency with their business models, future plans as well as their financial portrait on their site. + +https://www.greenpowerbus.com/investor-center/ + +They apparently have some contract with some Californians cities as the state wants to implement further fully electric vehicle transportation in their counties. + +You might wanna chime in and get some as it currently sitting at 2.17 +GPV for the Canadian Market and GPVRF for Over-the-Counter Transactions. + +The big news is that while it seems to be currently growing, they plan on listing the stock on the NASDAQ,thus giving American Exposure to the stock. + +Edit: For those who still wanna get on the train, it is not too late. Right now it is probably being pumped and dumped but get some at least before it hits the US Market, as then the the hype value might reach its peak. + +My biggest fear right now is a potential stock split/dilution when entering the below market, reducing share values but thats really a company worth supporting IMO and commission free on WealthSimple! +After 4 years, I was finally able to pay my utility bills on time for a full year, so I'm getting a refund of my $160 deposit! I have $0 bill this month and a $79 credit on next month! WOO HOO! + +$81 (for this month) doesn't sound like a lot, but it will buy me a few things I need and also give me some extra money to spend for my son's visit. Then next month, I can put that $79 in savings. + +Thank you, universe, for this timely gift! +Large whales like BlackRock have the obvious potential to initiate a squeeze, were they to recall their large number of loaned out shares, but one thing most of you are missing is until these regulations are locked in they *wont* \-- *regardless of the recall/voting.* All of you should read these posts below, they very plainly, and brilliantly, lay out what exactly those regs are doing for our whales (and the markets health/safety in general) in great depth, but to give you a simplified version: + +In short, (from the first link): "the reason we're not going anywhere is because no one wants the system to fall apart until these "firewalls" are in place to **protect the non-defaulting DTC and OCC members and the market itself.** **But furthermore, it's about wealthy entities lining up to feast on the discounted assets liquidated from the defaulting OCC** members via the auction process. OCC-004 eases the on-boarding of non-Clearing Members (BlackRock? Fidelity?) to the bidding process." + +As it stands, major clearing houses like the NSCC traditionally would have pulled funds from their members, such as: BofA, BlackRock, Fidelity, Vanguard, JP Morgan, Morgan Stanley, and many more, but basically all of our whales(!), in the event of a member default (like when someone gets squeezed). So its absolutely NOT in their interest to cause a member to default and create potentially one of the largest squeezes in history, because the NSCC/DTC would by right pull money from THEM to prevent their own collapse (see Rule 4 in the NSCC member contract). + +Well now these rules, **SR-DTC-2021-004 and OCC issues SR-OCC-2021-003 and SR-OCC-2021-004**, some of which are still pending, would allow the DTC/OCC to draw first from the defaulting members deposits/contributions (of which all members are required), **then use that defaulting members assets as collateral to borrow from other members** (our whales) in order to stay liquid. + +Theres more to it, read these posts, this user is someone you should all be following and **needs to be upvoted**, but these rules would allow our whales to also buy these defaulting members assets on the super cheap and protect them from the worst of the squeeze, of which they are currently at risk! So until these are in play, there is no reason for our whales to light this fuse. + +&#x200B; + +[https://www.reddit.com/r/Superstonk/comments/mnpzu5/srocc2021004\_why\_this\_proposed\_rule\_change\_is/](https://www.reddit.com/r/Superstonk/comments/mnpzu5/srocc2021004_why_this_proposed_rule_change_is/) + +[https://www.reddit.com/r/Superstonk/comments/mkju4s/srdtc2021004\_and\_srocc2021801\_for\_apes/](https://www.reddit.com/r/Superstonk/comments/mkju4s/srdtc2021004_and_srocc2021801_for_apes/) + +[https://www.reddit.com/r/Superstonk/comments/mkvgew/why\_are\_we\_trading\_sideways\_why\_is\_the\_borrow/](https://www.reddit.com/r/Superstonk/comments/mkvgew/why_are_we_trading_sideways_why_is_the_borrow/) + +Edit: + +here is another post explaining the NSCC member contract, also a link to it: + +[https://www.reddit.com/r/GME/comments/ma5did/nscc\_clearing\_fund\_dd\_why\_the\_long\_whales\_are/](https://www.reddit.com/r/GME/comments/ma5did/nscc_clearing_fund_dd_why_the_long_whales_are/) + +I’m just gonna add, thank you all for the awards, please show some love for both c-digs and legalese, this is completely all their work, I just couldn’t believe how few upvotes their posts have and wanted to post some kind of synthesis because one of my comments in another thread was getting so many questions about their data/info + +Obligatory, this is not financial advice! +I grew up in a conservative household where I was taught "Cash Is King". Now that I've grown up (in my early 40's), I'm realizing this is not the best way to go about things. I always hear "money makes money" but I have obviously not put that to use. + +I'm in my early 40's, married, 2 kids. Here is the breakdown: + +* Personal Accounts + * $1mm in cash + * $450,000 "play money" to trade stocks with + * $1.1mm mortgage with $1.5mm equity + * $200,000 in syndication real estate +* Business Accounts + * $3,100,000 in cash + * most of this is not needed to run the businesses and can be withdrawn to personal accts +* Retirement Account + * $1,100,000 in cash + * $650,000 in VTSAX + * $250,000 in stocks + * $150,000 in a mortgage fund + * $100,000 in life shares + +My income through my companies is around $1.5M annually, pre-tax. I contribute about $400k annually into a defined benefit pension for retirement. + +Clearly, I don't know what I'm doing other than running my businesses. I have some questions about what I can see but I definitely have a lot of blind spots that I would love to see. + +1. Is the $1.1M cash in the retirement account a terrible idea? My plan is to invest it all into VTSAX when there's a correction in the market. Is it better to do that now instead? +2. If I pull out $2.5M from the business and have $3.5M in cash, I don't feel safe putting this in the market because I have to take care of my family's needs, including two little kids in elementary. I don't think I can handle the ups and downs because I don't know how much longer the businesses will provide the income that they do. Is this valid thinking or is that too much cash? Where would this personal money be invested ideally? +3. What am I missing (other than a brain)? +In light of Coinbase’s direct listing, I wanted to share a deep dive post on the company. Almost all of the data I provide here comes from the company’s [S-1 filing](https://www.bamsec.com/filing/162828021005373?cik=1679788), website, [latest Q1 2021 report](https://www.bamsec.com/filing/162828021006601?cik=1679788), and [Meritech’s breakdown of Coinbase’s S-1.](https://www.meritechcapital.com/blog/coinbase-ipo-s-1-breakdown#:~:text=Coinbase%2C%20the%20leading%20digital%20currency,their%20S%2D1%20last%20week.&text=The%20company%20is%20riding%20a,for%20when%20they%20start%20trading) Part 2 coming tomorrow and will be focused on quantitative thoughts) + +**What is Coinbase?** + +* Founded in 2012, Coinbase is mainly known as a company that allows you to buy and sell cryptocurrencies regardless if you’re an everyday investor or a hedge fund +* The company serves 43 million retail users, 7,000 institutions like hedge funds, and 115,000 ecosystem partners in over 100 countries +* **On the retail side,** Coinbase’s main products are its mobile app which has a super easy to use interface and then there’s Coinbase Pro which is more for advanced traders +* **On the business side,** Coinbase also offers a lot of really interesting services, including trading for institutions, listing assets on Coinbase which probably comes at a high cost, enabling businesses to accept cryptocurrency payments, cryptocurrency custody which just means helping institutions store crypto assets securely, and a venture capital arm that invests in crypto startups +* **Main point:** Coinbase is much more than just a place to trade crypto and the company is creating an ecosystem where different parts of the business feed off each other to make the entire platform stronger + +**The Coinbase Business Model** + +* To understand where Coinbase sees its business going, it’s important to first go over some context about the crypto market in general +* I bring up the data below to show you that the crypto market is still in its early stages and is highly volatile + * Since 2010, there were [4 major price cycles with peaks and troughs and each cycle lasted anywhere from 2-4 years](https://global-uploads.webflow.com/5defb8273d0a4ce99a0af8ee/603d780a9f051a4bad78f1d0_Crypto%20Market%20Troughs.jpg) + * Crypto was also uncorrelated to the equities market until Feb 2020 when COVID hit and [now there seems to be some correlation](https://global-uploads.webflow.com/5defb8273d0a4ce99a0af8ee/603d781a08359644dfcf2a06_Crypto%20vs%20S%26P.jpg) +* Coinbase currently profits the most during periods of high volatility and high bitcoin prices and makes less during lower periods of volatility and low bitcoin prices + * This is precisely why since 2018, Coinbase has been making a concerted effort to diversify its revenue streams in order to decrease its reliance on market volatility +* Since 2016, [7 of the 8 new products have been subscription and services](https://global-uploads.webflow.com/5defb8273d0a4ce99a0af8ee/603d76da0e9756ba0684199b_Product.jpg) which really just shows you Coinbase’s focus on building a more stable business which as a potential Coinbase investor will be important to pay attention to over time +* This strategy seems to already be producing results, with monthly transacting users appearing to be less correlated to crypto volatility but still related to bitcoin prices + * For example, you can see that [volatility was at a 9 in both Q1 2020 and Q4 2020](https://global-uploads.webflow.com/5defb8273d0a4ce99a0af8ee/603dc7d843678f71c68ee167_MTUs%20and%20Crypto%20Asset%20Volatility.jpg) but the number of users is much greater in Q4 which was also when bitcoin began rising dramatically + +**Market Statistics** + +* Over the past 3 years, Coinbase has been able to more than **double its users from** [**23 million**](https://global-uploads.webflow.com/5defb8273d0a4ce99a0af8ee/603dc7b0c5104fd10398b398_Verified%20Users.jpg) **to** [**56 million**](https://www.bamsec.com/filing/162828021006601?cik=1679788) which is really amazing growth +* As a result, the company has been able to **grow its market share from 4.5% to** [**11.3%**](https://www.bamsec.com/filing/162828021006601?cik=1679788) over the past few years which is also quite impressive +* **In terms of the total market,** since the end of 2012 to the end of 2020, the cryptocurrency market grew from $500 million to $782 billion which represents a 150% CAGR + * Astonishingly, in just a few months, the **market cap has grown by about 181% to \~$2.2 trillion as of toda**y + * Simply put, of all the industries I’ve personally seen so far, there is none that is growing as quickly as the cryptocurrency market + +**The Bull Case** + +* First off is Coinbase’s branding + * Especially for those in the states, Coinbase is **one of the top go-to crypto exchanges** for the average retail investor and many institutions + * This in large part is due to the company’s **intense focus on following regulations** and the company dedicates 15% of its full time staff to legal, compliance, finance, and security functions + * From the start, Coinbase also created one of the **easiest interfaces** for trading a very complex product and that has continued to be its edge ever since + * Personally, I believe that this first mover advantage may erode over time as Coinbase charges the highest fees per trade, but I also believe the company benefits heavily from its branding due to its security and easy-to-use interface and may be able to charge a premium for a while, just as Apple does with its products which in many instances are less powerful machines than PCs +* Second is what is called the [company’s flywheel](https://global-uploads.webflow.com/5defb8273d0a4ce99a0af8ee/603d7a786657bc8b497de52d_Network%20Effects.jpg) + * Because customers **trust** Coinbase, the company is able to **attract** more and more customers + * This allows the company to **continue scaling** the company while also **adding more assets** onto the platform that customers can trade + * Coinbase can then **understand** their customer’s needs and **create** more innovative products that help keep customers on the platform + * This entire process **makes the overall platform stronger** which extends Coinbase’s leadership in the marketplace and allows the company to grow its market share + * To give you one concrete statistic of this flywheel taking effect, **Coinbase stated that 21% of users used a non-investing product in 2020 leading to an average net revenue increase per user of 90%** +* A third reason to be bullish on Coinbase is the **rapid growth of the crypto market** due to strong use cases and institutional trading + * This [graphic](https://cdn.howmuch.net/articles/bitcoin-money-economy-in-perspective-7dd6.jpg) may be a bit outdated since it’s from 2018, but the point still stands. Even if the crypto market is $2.2 TN, that amount is pretty small if you believe that crypto is going to be a significant form of currency in the future. + * Personally, I’ve had to transfer from US banks to banks in China and Korea for my last business and the process is extremely painful and expensive + * If you’ve ever sent money through crypto to other people, the only tricky part is figuring out the addresses to send to but other than, it’s basically instantaneous and cheap + * As a result, it’s very easy to imagine crypto growing just based on that use case alone although there are other arguments to be made as well such as Bitcoin being a store of value + * In addition to this, I believe a big reason the crypto market is growing so fast is because **institutions like hedge funds** which are the ones that move equity markets are rapidly joining the crypto market + * At just Coinbase alone, institutions grew from 1000 in 2017 to 7000 in 2020 and even Tesla recently made a $1.5 billion investment into bitcoin + * These institutions increasingly validate crypto and a rapidly growing market will greatly benefit Coinbase +* The fourth reason to be bullish is that Coinbase has **so many more markets it can enter and assets to add** + * The company is extremely deliberate and that’s a reason the company is so well trusted as a crypto exchange + * Coinbase is currently ranked [2nd](https://coinmarketcap.com/rankings/exchanges/) for spot exchanges on [coinmarketcap.com](http://coinmarketcap.com/) and that’s pretty impressive given Coinbase is in much fewer markets and offers less coins + * This is because Coinbase is the number 1 exchange in the US which is where a lot of the world’s capital is in + * But the point is, there is a lot of room for Coinbase to expand which will further expand the company’s revenue and scale + +**The Bear Case** + +* First is Coinbase’s dependence on the highly volatile crypto market + * Now, everyone knows the crypto market is volatile, but the reason this is such a big issue for Coinbase is that as a public company, Coinbase now **needs to manage investor expectations every quarter** + * As you can see here, [Coinbase’s revenue](https://global-uploads.webflow.com/5defb8273d0a4ce99a0af8ee/603db84a3291d9febc0c7427_Quaterly%20Total%20Revenue.jpg) has been super lumpy over the past few years + * What this basically means is that as an investor, you’ll need an **iron stomach** to deal with a stock price that will likely rise and fall sharply with the crypto market +* The second risk involves competition + * Because crypto is such a lucrative industry, there is constant competition from multiple fronts + * First, there are other crypto exchanges that provide the most direct competition and **while Coinbase is highly regulated, many non-US exchanges are not** + * This provides non-US crypto exchanges with a competitive advantage because they are able to offer popular products and services with less regulation while still serving the US population + * Second, are from **financial incumbents** like TD Ameritrade, Schwab, or even financial institutions like JP Morgan + * If any of these companies start offering crypto trading then that could meaningfully take share from Coinbase + * Third are from **fintech companies** which are already starting to see significant trading volume + * Robinhood and Square’s CashApp are big players in the space and PayPal has also recently started to get into the mix + * Fourth are **decentralized trading platforms** that allow users to directly buy and sell without the need for a centralized exchange like Coinbase + * These platforms currently are not as easy to use and aren’t as fast and liquid, but over time, the models are going to improve rapidly with Coinbase even admitting in its S-1 that the company has seen transaction volumes rivaling its own + * So Coinbase is very well positioned especially in the US market, but **there’s a ton of competition to be wary of,** especially given Coinbase charges the highest fees and those fees are likely going to lower over time +* The third risk is mixed sentiment + * Overall, Coinbase is generally regarded as the most trusted crypto exchange in the US, but there’s still a lot of hate the the company gets + * On Coinbase’s subreddit, there are **constant complaints about funds being locked out and accounts not working and users seem to complain most about the lack of customer service and also the company’s high fees** + * Every crypto exchange has its issues and Coinbase likely has to charge high fees because it’s operating in the US which is highly regulated and expensive, but, I do think Coinbase needs to vastly improve its customer service in order to maintain its customer base (there are talks the company plans to open a customer service center in India) +* The fourth risk is the lack of shareholder voting rights + * As is the case with many tech companies these days, the **vast majority of voting rights are going to be held by a small number of Class B shareholders** + * Class B shareholders own 99.2% of voting rights while directors, officers, and 5% shareholders own 60.5% of voting rights which puts a lot of power in the hands of the few + * To give you an example of why this could be a problem, Coinbase’s CEO Brian Armstrong actually took a lot of heat for recently [not allowing political and social discussions at work](https://www.cnbc.com/2020/09/30/coinbase-ceo-offers-severance-to-employees-leaving-over-politics.html) + * Things like this and potential scandals with high level management could lead to potential unrest in the company while shaleholders really won’t have the power to do much + +**So is Coinbase a Buy or Sell?** + +* Sorry to leave on a bit of a cliffhanger but this requires an overview of Coinbase’s financials and some extensive thoughts on valuation, which I’ll write up later and post as soon as I can. +* In short though, I personally believe Coinbase is a buy from $250-$313 (or at least that's my target range at which I would start a position), which implies a \~$60-$80BN valuation. Would be great to hear what you all plan to do as well. +> But there was no sign in the budget released by the White House this week of the trillion-dollar infrastructure plan that Mr. Trump touted last summer. Instead, he proposed slicing the Department of Transportation’s budget by 13 percent, or $2.4 billion. The cuts would put the Federal Aviation Administration under the thumb of the private sector, reduce funding for Amtrak and wipe out resources for new transit projects. + +https://www.nytimes.com/2017/03/17/us/politics/trump-budget-infrastructure.html?_r=0 + +Guys, I...... I..... I don't think we're getting that spending. +It’s about to be in full force since SHFs are running out of ammunition and apes are discovering what they really have been fearing. PS dont fuck with options if you do not know how they work. They can be great but they can also dig you deep into a hole. This is not financial advice. + +Edit: also be aware of the options vs not doing options FUD. It’s kinda hilarious how hard they are pushing this narrative. +I feel like it could have been anything that got shorted to hell when e-commerce started overtaking brick-and-mortar and old companies started going out of business. It could have been Toys-R-Us or RadioShack or Blockbuster or Chuck E Cheese. But as an awkward dork who didn't have a lot of money growing up Gamestop specifically was a bright spot for me. I didn't go there often, I got one or two new games a year and had to make the most of them, and every few years I might try trading in the games that I had thoroughly played through, but Gamestop was the starting point of thousands of hours of enjoyment throughout my childhood. So I'm really glad that if there's something apes are rallying behind, Gamestop is it. +No sob story, just getting straight to the meat of the problem: + +I'm 44, wife is 40. Living in Kentucky. I'm a middle school teacher, she's a pharmacist. +My student loan debt is $56k, hers is $178k. We both had other careers (and around $10k in student loan debt apiece before going to school for our current careers). When we were in school we were pretty much on our own - no family helping out, so we used max student loans to basically live off of, with the (idiotic) thought that once we were out of school and working, we would be able to pay the loans off no problemo. + +We were wrong. + +Our adjusted gross income joint filing for 2016 was 169k and change. The student loans we currently have run us $1750 per month and we are going to be paying on them for the next 30 years. We have 4 kids, and we have 2 vehicles (both paid off). Mortgage is $750 per month (no, we can't downsize our house... with 4 kids and 2 dogs, there is no way we can get any more cramped). + +Only debt we have outside of mortgage and student loans is about $3k in credit card debt. I know we shouldn't have it, but we do. + +My wife's car is 15 years old. If it breaks down tomorrow, we are fucked. If one of my kids need medical care that's not covered my my insurance, we are fucked. We had $6k saved up for an 'emergency fund' and my daughter had to have a hearing aid. Insurance doesn't cover that and it cost just over $4k. Our water heater committed suicide and there went the rest of our savings. + +We are lost. I'm lost. We haven't taken anything like a vacation in 4 years. We very rarely eat out, I've got underwear that is older than my youngest kid. I don't know what to do. Short of some windfall that would wipe out my wife's student loans, I can't see anything changing in the foreseeable future (or at least not for the better). + +So... help? Please? What do I do? What can I do? + +*edited for wording +So, it looks like I’m FIRE’ing… The boring middle is over! + +36 years old, medically retiring from the military at 16 years. I spent my entire career saving everything extra. Every time I was promoted, the extra money went to savings. I’ve lived like an E-5 since the day I turned E-5. Tax returns, special duty pay, deployment pay, enlistment bonuses, raises, everything went into mutual funds. I spent 10 years as a single dad and went car free for a little over half of it. Got married last year and bought a house with my wife in St Augustine Florida. Cash. I guess I’ll get down to the numbers. + +Investments: 210,000 + +House: 310,000 + +Rental property: 65,000 (That’s value minus mortgage) + +Total assets: $585,000 + +So with a 3% SWR and a $20,000 annual retirement, that gives us $26,000 a year with no mortgage, and no health insurance costs. And if the market takes a shit, I’ll still be making $20K a year. + +Full disclosure is that my wife does still work and she has a 6 figure job, but if she were let go tomorrow, we would be totally fine. She works now because she wants to. (and she admittedly always will in some capacity.) We are saving a disgusting amount of her salary, and she will probably get her doctorate at some point in the future. I have my associate’s. + +This military medical retirement kind of came out of nowhere and now I’m coming to terms with the fact that I’ll never have to work again, 4 years ahead of schedule. It’s kind of surreal. The FIRE path for me was paved with a low desire for expensive things. What Thoreau says in Walden about fashion and transportation resonated with me. This week I threw away 10 year old pants because the zipper finally broke on them. I have sandals that are 20 years old. Being in the military helps, I guess, they tell you what to wear every day. That’s going to be a weird adjustment. OK, now I’m wandering. Just wanted to say thanks here, I always loved seeing when people FIRE’ed it gave me hope. Keep plugging away and watching those numbers grow! +As the title suggests, I achieved $1m NW in 10 years. I’m 33, SO is 31, Son is 6. We live in a MCOL suburb in the Midwest. + +2011 - Graduated college in May 2011. Started job in July earning $43k. Wife graduated in December 2011. + +2012 - We bought a house for $140k (used all of our savings for a down payment off $7k). Our combined salary was approx. $65k. Net Worth = $25k + +2013 - Combined salary approx. $70k. Net Worth = $55k + +2014 - Paid of student loans ($19k). Wife got a new job. Combined salary of $80k. Net Worth = $91k + +2015 - Son was born. Paid off car loans ($20k). Promotion/raise at work - combined salary of $100k. Net Worth = $125k + +2016 - Combined Salary of $110k. Started after tax brokerage account. Net Worth = $215k + +2017 - Bought a new house ($267k). Combined salary of $125k. Net Worth = $351k + +2018 - Combined salary of $130k. Net Worth = $460k + +2019 - Combined salary of $135k. Net Worth = $635k + +2020 - Combined salary of $140k. Net Worth = $825k + +2021 - Combined salary of $150k. Net Worth = $1m+ (hit $1m in Aug 2021). + +It took 10 years and 1 month of working to surpass $1m net worth, which breaks down as follows: -$17k cash -$300k stocks (after-tax) -$525k retirement -$150k house equity -$35k HSA + +We’ve averaged \~$100k as our combined salary over the past 10 years. I could be misremembering exact salaries throughout the years, but those listed are probably pretty close. We’ve maxed out ROTH IRA’s since 2012 and have maxed 403B (w/ 10% match), HSA, and contributed about $25k to after-tax account for the past 5 years (saving \~$75k annually). We still go on vacations, buy stuff on Amazon, order take-out…etc. Our expenses have always between between $45k-$50k since having our son in 2015. + +Lessons learned: 1.) Prioritize savings. When I received a promotion/raise in 2015, I started maxing out my 403B, instead of spending the extra money. After doing that, I think I actually lost $50/mo in my paycheck - worth it. + +2.) Kids don’t have to be that expensive - We kept our starter home (very low payment) while our son was in daycare ($800/mo), and didn’t move until we eliminated that expense. We spend a lot of time with family, going to parks, camping….These aren’t expensive activities. + +3.) Reaching $1m was a total let down. I plugged in the numbers, realized it, and then just went about my day. It’s too abstract (spreadsheet money). + +4.). Write a 5 year - 10 year plan. We did that in 2012 (listed out our assets, debts, goals for each year). It helped provide direction, in the event we found ourself with extra money. Our goal was to reach $1m by age 36. + +&#x200B; + +Edit #1: here is my net worth graph. I've been tracking for almost 10 years. [https://imgur.com/WY55DsZ](https://imgur.com/WY55DsZ) + +Edit #2: The bumps in 2015, 2017, and 2018 on the NW sheet above were combo of house appreciation and bonuses from work. + +I don’t see this talked much about. If an international investor is buying US equities in dollars, they are paying in their own currency which is converted to dollars. +Since the US dollar is the global reserve currency, we obviously had a lot of printing in 2020. 25% of all US dollar in existence was printed last year. Expectedly, this leads to inflation. Whether is temporary or not remains to be seen but it would not be surprising to see a less valuable dollar. + +Wouldn’t this also mean a smaller ROI for US stocks? For example, you may make a 10% gain on Apple and gain $13 per share. However, if the pound (£) is now 10% stronger against USD, when your USD is converted back to £, you may not even end up making a profit. +It seems this is likely to happen with the inflation numbers coming out. E.g UK YoY inflation was 2.1%, US was 5%. + +How do you account for this, if at all, when investing for the long term? I guess you could stick to investing in companies in your own country but the growth is likely not there compared to the US. It becomes a game of balancing the numbers in to see if you end up losing money in a bullish market. +This sub is a joke, no seriously this sub is legitimately bipolar on sentiment and flips on a dime. Here’s a reminder for y’all lurkers here or a wake up call for people who actually take the time of day to shitpost: + +1. Nobody who’s even close to being a big player or is knowledgeable about the market is wasting their time on fucking r/cryptocurrency + +2. Most “advice” you get on here is from hodlboys or plain shills trying to jerk their own dicks by echoing the same copy paste moon statements. By the occasional mercy of god there’s a post that makes life worth living but those are usually rare. This post is also not one of them. + +3. No you won’t get rich hodling a mass shilled top 100 coin for a week, a month, maybe a year. Jesus Christ if it took early bitcoin miners years to go from a couple hundred to almost 20k you won’t make it with a short term focus. + +4. Putting a couple hundred or thousand dollars does not make you an “investor” or at all knowledgeable about blockchain. Losing your money sucks learn from mistakes instead of dragging others down. + +5. Comments that say “3k next it’s over boys” with 30 upvotes does NOT legitimize that claim, assume it’s 31 idiots sharing a herd mentality with no basis for their arbitrary prediction. + +6. Anything that has to do with price on r/cryptocurrency should not be taken as financial advice. Nobody on this sub actually know which way the markets will turn, TA works in very niche circumstances and cannot predict movements based around obvious facts or fundamental trends. + +That’s all I have to say for now, my fingers are tired. I’ve been in the space for some years now and this sub is a place I frequent despite all the cancerous shit I see daily. The memes are fucking comedy gold and I will always love you guys for being here with me. + +TL;DR do your own fucking research and don’t listen to anyone announcing the direction this market is heading. + +EDIT: Some people apparently are not seeing the point of this post or get some kind of joy mocking if. Allow me to make some things clear: + +No I’m not angry or have any personal salt nor am I projecting my expectations of what this sub SHOULD be but rather I’m only letting people know what this sub IS at the moment and what to be wary for. I was once new to the space and foolishly trusted the advice stemming from fickle sentiments and made mistakes doing so. All I hope to achieve with this post is for people to realize that this is not the place for accurate predictions regarding market movement and to be careful, That’s all. + +EDIT 2: Thanks for gold. It is currently too difficult to respond to the sheer volume of comments thus I am unable to answer every new question that gets posted, sorry. +We locked in our interest rate right before they started going up, and by my calculations all of the housing-related expenses would be less than 30% of our take-home pay. Naturally, we both felt really good. + +Our combined gross income is **$160k**, and we live in what is technically considered a HCOL area (CT), although it’s not as expensive here as the 2 big cities that are nearby. + +On paper we should have **$3k** or so left every month (***scroll all the way down down for budget breakdown***). + + + +Unfortunately, I completely underestimated all the house-related expenses. Since we got the house in April we’ve spent a little over **$10k** on stuff like furniture, appliances and tools. All of those purchases were discussed and considered necessary. + +I’m terrified of any repairs that might need to get done to the house eventually. Wife doesn’t think we need to worry, but I constantly feel broke and stressed. I hate the idea of taking on more debt, but we haven’t even finished building our emergency fund back up. + + + +Here’s the budget breakdown (most values are rounded up a bit): + + • Monthly take-home pay (after taxes, 401k, health insurance): $8,600 + • Mortgage (principal, interest, taxes. homeowners insurance, PMI): $1,910 + • Car payments: $550 + • Car insurance: $160 + • Gas (on average): $200 + • Groceries (on average): $1,000 + • Electricity (on average): $250 + • Internet: $70 + • Phones: $65 + • Subscriptions (Spotify, gym, etc): $100 + • Healthcare (meds, therapy, etc): $150 + • Eating out (obvious weak point): $400 + • Entertainment/shopping/hobbies: $400 + • Pet supplies: $60 + • Miscellaneous: $100 + +None of these amounts fluctuate too much month-to-month, besides eating out, which we are actively trying to bring under control. Our groceries budget went up with inflation - in 2019-2021 we rarely spent more than $600 a month. Nowadays I consider it a win if the weekly trip to the grocery store costs less than $250. + +I know we’re technically not living paycheck-to-paycheck because we contribute to our retirement accounts, and don’t carry any CC debt month-to-month, but it definitely feels like it… + + + + +**EDIT:** For all of you asking why our groceries are so high, here’s a receipt from last week: [copied from receipt to excel for easy reading](https://i.imgur.com/GMFCEHw.jpg). Yes, I do include stuff like toilet paper and dish soap in the “Groceries” category, because I get them from the grocery store. +**If you were turning your company around, you'd be pushing that everywhere. Any other company would be promoting the hell out if it. PR campaigns. Advertising. You name it.** + +*I appreciate this sub does a great job of promoting them already but that's not the point.* + +&#x200B; + +**I believe GameStop are fearful of sparking a mass buy in and ultimately getting sued. Any news has to be airtight and justified. I take this as hedgies r fuk.** + +&#x200B; + +# They're patiently waiting to execute their plan. + +# Be patient with them. + +&#x200B; + +Buy. HODL. Wait. + +# +Hi all, + +As you may already be aware, Marcus by Goldman Sachs have reduced their rate yet again down to 0.4% and there’s simply no value of having significant amount of cash sitting their gathering barely any interest. I’ve taken a chunk out and opened a S&S ISA with HL. I’m looking for inspiration on the types of funds it’s worth investing in that may be potentially undervalued at the moment. I have already placed a good amount in SMT, Fidelity UK, Fidelity US and iShares Emerging Market. Not sure if there are any other areas worth having exposure to at this present moment but I’m open to hear your thoughts. Of course I will do my own research and any decision I make will be based on my own analysis. TIA +As many of you might have noticed, the new DVLA rules mean all new properties built in 2022 will have to have an EV charging point. There is also an introduction of 'clean air zones' in a few areas of the country. + +This got me thinking if the UK has any listed charging point companies? Obviously there is ChargePoint, EVgo and others in the US but nothing major pops to my head for the UK. + +After some research, I found *Pod Point* - a market leader of charging infrastructure for EVs. They got listed early November. After a little more digging I found: + ++ they provide charging points for homes, businesses AND public ++ they install charge points for Audi, Nissan, VW and Hyundai ++ manufactured and sold 102,000 charge points as of June 2021 ++ over 5200 public charging bays including Tesco and Lidl + +- founded in 2009 which is 13 years ago. 102k in 13 years is not a lot +- has only recently IPO'd so difficult to find financial data for fundamental analysis +- although listed separately, owned by EDF energy who have their own issues currently in France as well as UK nuclear decommissioning +- future secondary issues likely (?) If they ramp up production and as more competitors enter the market + + +These are just my initial thoughts and I am definitely keeping this in my radar. I am keen to have your thoughts and suggestions if you have any other shares that you own or have in mind. + +Look forward to other people's opinions and thoughts! +Hey Redditors, + +I am a simple man who loves two things: **Investing** & **Cannabis**. + +Because no one else seems to be doing it right, I am going to be sharing due diligence reports on investment opportunities within the European cannabis sector (both public and private companies). IRL I spent the early part of my career in Venture Capital and more recently I have been active as both an investor and operator in the European cannabis scene... + +To kick things off, I am going to start with the UK's largest and most well known CBD brand, [Love Hemp](https://love-hemp.com/), which trades on the AIM market's little brother the [AQUIS exchange](https://www.aquis.eu/) under the ticker [LIFE](https://www.aquis.eu/aquis-stock-exchange/member?securityidaqse=LIFE). + +**Love Hemp Group PLC** + +**Summary of the Business** + +\- Love Hemp is well established and is probably the UK's number one brand with a very developed retail and e-comm B2C business. + +\- It had 2020 calendar revenues of £3.7m and is experiencing fast growth this year (including during COVID). + +**- The company recently signed an exclusive global marketing agreement with the UFC**, one of the world's premier sports groups to further develop the brand, sales and global recognition. + +\- Consider comp [Cellular Goods](https://www.cellulargoods.co/) (a [David Beckham backed business](https://www.thisismoney.co.uk/money/markets/article-9304079/Beckham-backed-Cellular-Goods-sees-share-price-surge.html)) which recently IPO'd and is currently valued at c.£50m despite having no revenues. + +\- The company is run by Love Hemp's founder [Tony Calamita](https://www.linkedin.com/in/tony-calamita-8b2711183/?originalSubdomain=uk) and is backed by experienced Canadian cannabis sector backers including [David Stadnyk](https://www.linkedin.com/in/david-s-93080331/?originalSubdomain=ca), who invested in the business with a view to being an early mover in the UK market. + +**Love Hemp - The UK's Leading CBD Business** + +Established by Tony Calamita and Thomas Rowland in 2015, Love Hemp has grown to be the UK’s largest and most well-known CBD brand. Love Hemp is a pioneer in the UK-based premium high-quality CBD market, with over 50 products including oils, edibles, sprays, cosmetics, topicals and vapes. The company’s range of products are sold online and in stores, including some of the biggest retailers in the UK, such as Boots, Holland & Barrett, Ocado and Sainsbury’s. Currently, Love Hemp products are sold on over 70 websites and in over 2,000 stores in the UK, Ireland and the Netherlands. + +**Love Hemp in public markets via World High Life acquisition** + +In October 2019, Love Hemp was acquired for £9m by World High Life, an investment company traded on London’s NEX exchange, with an aim to invest in internationally recognised markets, such as the UK and Europe, that have supportive regulations allowing the research and production of medical cannabis, hemp and CBD products. Following the acquisition, World High Life changed their strategy with an exclusive focus on the development and growth of the Love Hemp business. Following the appointment of Tony Calamita as the CEO, World High Life Group renamed itself as Love Hemp Group PLC. + +**Major growth despite Covid** + +Love Hemp’s sales have been growing rapidly, capitalising on an increase in CBD demand. The 2020 Calendar Year saw revenues of c.£3.7m, representing YoY growth of \~14% vs 2019 revenues of \~£3.2m, despite the effects of a global pandemic. Based on recent quarterly results, the company is generating annualised revenues of \~£6.2m or 2% of the estimated £300m total UK market, making it the largest CBD brand in a highly fragmented sector, primarily consisting of small-scale, ‘mom-and-pop’ style operations. + +**An explosion of consumer interest in CBD** + +CBD has seen a rapid rise in popularity in recent years. In many countries, “wellness” products containing CBD and other non-psychoactive cannabinoids are available online or from brick-and-mortar stores. These products come in several formats including food and drink, cosmetics, oils and vapes. Consumers have shown increasing willingness to spend significant amounts to include CBD in a regular wellness routine. Products containing CBD are now widely available from high street and online retailers. Such products cannot make medicinal claims and are marketed as promoting various aspects of general well-being. Analysts predict UK CBD sales will grow from £300m in 2020 to £1bn by 2025, a 27% CAGR, while US sales are forecast to reach $18.4bn by 2024. + +**Brand Strength key behind Love Hemp’s success** + +Love Hemp produce high-quality, premium-priced products. Management has focused on quality and brand image from the inception of product development and marketing. Love Hemp are in the strongest position amongst all the UK brands to maintain premium pricing, whilst increasing its market share in a rapidly growing market, with Love Hemp now being the best-selling CBD brand in the UK, according to Alliance Healthcare**. A recent highly publicised 5-year sponsorship deal with a globally renowned sporting brand - the world’s premier mixed martial arts organisation Ultimate Fighting Championship (UFC) - will underpin the brand’s push into North America and beyond.** + +**A highly professional business in an unprofessional market** + +All UK CBD suppliers were required to submit Novel Foods applications by 31st March for their products to continue to be sold in the UK whilst waiting for full authorisation. Stringent requirements for Novel Foods authorisation will, in my view, result in many of Love Hemp’s smaller competitors’ products being taken off the shelf. I expect this impending shake-up will be an opportunity for Love Hemp to capitalise on its existing retail presence, increasing market share in an exponentially growing market, with expansion opportunities both in the UK and globally. As with any rapidly growing market, there will be winners and losers. **I believe Love Hemp is best positioned to continue its journey towards becoming a significant player in the wellness market.** + +**Attractive entry price relative to peers.** + +LIFE currently has a market cap of c.£19m, cheap relative to other listed European CBD and medical cannabis businesses [Cellular Goods (CBX, market cap c.£50m](https://www.lse.co.uk/SharePrice.asp?shareprice=CBX&share=Cellular-Goods)), [Kanabo (KNB, market cap c.£98m)](https://www.lse.co.uk/SharePrice.asp?shareprice=KNB&share=Kanabo-Grp-Plc) and [MGC Pharma (MXC, market cap c.£89)](https://www.lse.co.uk/SharePrice.asp?shareprice=MXC&share=Mgc-Pharma-Ltd) despite having much greater revenue and brand equity. + +**I believe that this company is trading at a discount due to it being listed on a slightly obscure exchange, despite the business potential being strong. My rating: BUY.** + +I’ve got the following 2 funds: + +SL Vanguard Emerging Markets Stock Index Pension Fund http://factsheets.financialexpress.net/SLEFL/0I1E_BFAD.pdf + +SL HSBC Islamic Global Equity Index Pension Fund http://factsheets.financialexpress.net/SLEFL/VY59_JB.pdf + +I’m trying to work out if I’ve missed off any major regions or industries. I know Europe is missing but anything else too (either regions/countries or industries)? + +I’ve got a very high tolerance to risk since I’m young. +Typically I only win about 30% of my trades but those that I do win have a risk / reward ratio of 1:3. So in the long run I should make profit, in theory. See this graph https://i.gyazo.com/df5f5e928be7e56aeeecf92a630e77c6.png + + +&nbsp; + + +But my god if it isn't the most psychologically challenging thing to accept... When your trade history has 70 losses and only 30 wins, it just makes you feel like a terrible trader and because my win margin is so narrow, in the back of my mind I can't help but think eventually I will just lose it all because I'm not "winning often enough". If that makes sense. + + +Just out of curiosity, what's your win rate to win ratio? +I worked at a Otolaryngology clinic for about 7 years. I attended school for the majority of the day on Monday's and Friday's, which left me Tuesday, Wednesday, Thursday, and Saturday for my job. Also, I'm a single mom and sole caregiver for my child. + +So like most people affected by the pandemic, I had my hours reduced starting 3/16. I went from working around 32 hours a week to 0. To compensate for the week(3/16 - 3/19), I used my vacation pay. The last day I was paid was 3/19/2020 and nothing since then. The reason they told me for my reduced hours was that they didn't have patients. + +With no income, I asked my employer if I need to file for unemployment benefits. They told me no and said I should apply for Paid Family Leave and just stay home. I applied for it and on 4/1 and was told I was ineligible for PFL because my child was not diagnosed with COVID-19. With no other real options I filed for unemployment under the CARES act. I was approved and I have been receiving weekly benefits since 4/3 to now. + +Until last week, my last contact with my employer was on 3/24/2020. After I filed for unemployment, I got a message on 4/13 from my employer asking if I received PFL. I told them that I did not. They told me to call them. When I called them they asked specifically if I could work on days that I still have my classes (now I have classes over Zoom versus physically going to school). I told them I could not since I couldn't work those days before the pandemic due to schooling on top of caring for my child who is currently in the same online class situation as me. On 4/22 they asked me to come to work for one day a week (5 hours) because they are applying for the Paycheck Protection Program. I haven't replied to them yet, but about two hours ago I got an e-mail from my employer stating that they are an essential business and that they have been open since the outbreak. They also state that I was never laid off or furloughed. They end the e-mail by saying that "my refusal" to come to work is not complicit with the Department of Labor's rules regarding UI. + +I am kind of lost about this situation. Last month they told me to stay home and apply for PFL. The reasoning they gave for giving me no hours in March was that the doctor's were not coming in, so essentially the clinic was not open. They didn't contact me for three weeks after telling to stay home and are accusing me of refusing to come into work. + +Any advice or suggestions for this situation? + +&#x200B; + +\*\*EDIT\*\* + +I should add that they repeatedly told me not to file for Unemployment because their rate would go up. Also, another reason they are asking me to come back to work is so they don't have to payback the loan they received for the Paycheck Protection Program, but wouldn't that mean they are supposed to pay me my normal hours pre-COVID19? + +&#x200B; +From page 31: + +* NSCC was going to charge an additional margin requirement to A SINGLE, UNNAMED firm (i.e. RH) +* but decided not to because of **"an affiliate transfer"** (i.e. someone else - **one firm** - paid for it). +* [sauce](https://i.redd.it/8k1um7ua3bu71.png) p.31 +* THIS WAS NEVER DISCLOSED. Only disclosure was that RH was doing another ["round of funding"](https://www.nytimes.com/2021/01/29/technology/robinhood-fundraising.html). +* Language in the report implies: 1) it was ONE firm, who would have significant leverage over RH (i.e. could compel them to shut off buy button), and 2) implies it was a firm the NSCC trusted with funding immediately - did not need additional clearing funds, time, etc. +* This is essentially an indirect implication that Citadel also bailed out RH + +WHICH IS IN DIRECT CONFLICT TO KEN'S [CONGRESSIONAL TESTIMONY](https://www.youtube.com/watch?v=YRR6dBR5dnY) + +HOLY SHIT + +edit: I don't have access to historical NSCC data, but Melvin is not a current member, and RH is +Here are this week's stats on the most discussed cryptos on reddit! + +**Update this week**: I’m working on an indicator that flags cryptocurrencies that are being mentioned on reddit for the first time, to expose potential investment opportunities earlier. In backtesting, the indicator was able to flag NEO/Antshares in July 2017, Vechain in October 2017, and ICON in November 2017: all three went onto 10x in price. I’m sharing the cryptos flagged this week below. + +**Background**: I wrote a program that scrapes reddit posts from r/cryptocurrency and r/altcoin, and calculates how much certain cryptocurrencies are mentioned, to help give an early indication of the next potential 10x crypto. Crowd sentiment has proven to be a good place to start for more research. I'm always working to make my insights more useful so please reach out with any comments, and stay tuned for updates! + +If you prefer to follow along via email and get more kinds of insights every week, you can do so [here](https://www.cryptomintclub.com/). + +**Note**: *always* do your own research. Not all cryptos with a lot of mentions are being talked about for good/positive reasons (e.g. BitConnect). Keep reading for info on getting a list of all recent posts so you can browse the headlines and gauge sentiment. Sentiment is also only one piece of the puzzle: fundamental research on the project and team itself is required to make a good investment decision. + +**RECENTLY TRENDING CRYPTOS** + + +**Highlights:** + +1. This week, a high throughput blockchain platform (**Zilliqa**), a blockchain powered internet, operating system, and runtime for dApps (**Elastos**), and a blockchain project for crypto-asset and other digital information inheritance (**DigiPulse**) appeared on our list of cryptos that the community is talking more about for the first time. All three are recent ICOs. + +2. The founder of **Nebulas**, who is also a former co-founder of NEO/Antshares, did an AMA this week [here](https://www.np.reddit.com/r/nebulas/comments/7zci43/first_live_reddit_ama_with_nebulas_founder/). + +3. **Nano's** price is rebounding after a string of positive news: a new core update, a new Android wallet, and news of Twitch streamers accepting donations in Nano. + +Crypto Name|Market Cap|7 Day Price % Chg|Post Count|Post Count Week Over Week % Change|Total Post Score|Score Week Over Week % Change| +:--|:--|--:|--:|--:|--:|--:| +Bitcoin|166.9B|-8.58%|65|-26.14%|7295|-33.38%| +Ethereum|82.4B|-12.98%|45|25.00%|5225|-31.74%| +Ripple|37.1B|-19.28%|24|14.29%|1214|-73.05%| +Litecoin|11.2B|-10.84%|16|-27.27%|1659|-22.98%| +Nano|1.8B|40.28%|16|14.29%|9020|128.88%| +OmiseGO|1.7B|-6.10%|11|175.00%|2329|138.38%| +IOTA|4.9B|-19.30%|10|-41.18%|3836|31.01%| +Lisk|2.1B|-40.70%|10|42.86%|620|8.96%| +Bitcoin Cash|20.4B|-21.95%|8|33.33%|1028|65.01%| +Dogecoin|722.4M|-8.94%|8|inf|465|inf| +NEO|7.7B|-12.57%|8|-33.33%|321|-65.15%| +ICON|1.4B|-31.12%|7|75.00%|1864|45.74%| +Stellar|6.6B|-24.36%|7|-46.15%|1644|-48.19%| +Ambrosus|75.1M|-18.85%|6|200.00%|278|434.62%| +BitConnect|28.6M|-27.13%|6|-33.33%|11291|71.10%| +EOS|5.6B|-19.10%|6|200.00%|2028|3655.56%| +Aion|279.1M|-23.37%|5|66.67%|123|89.23%| +Genesis Vision|81.2M|-9.81%|5|66.67%|161|130.00%| + + +You can access the Google Sheet with all the stats and links to the scraped reddit posts [here](https://www.cryptomintclub.com/most_recent_stats.html) (reddit won’t let me post a direct link to the Sheet because it looks like a referral url) + +*“Post Count” means the number of posts that had titles that mentioned the specified crypto. “Week Over Week Change” means the change in the specified metric over the last 7 days, compared against the metric over the previous 7 days before last week. “Total Post Score” means the sum of net upvotes (or score) for all posts that mentioned the specified crypto. + +**STAY UPDATED** + +If you’d like to follow along via email and get more kinds of insights every week, you can do so [here](https://www.cryptomintclub.com/). I'm always looking to improve and provide more useful and interesting info, so don't be afraid to reach out! + +I booked a Brazil hotel (a well known chain) for $500 using Expedia recently and was immediately charged by Expedia on the date on booking. All went smoothly at the hotel until check-out, when I was informed that the card number that Expedia provided by the hotel was invalid and I would need to directly pay the hotel (again, this is a large chain hotel, not a small pousada or something) and that Expedia would reimburse me. I went ahead and paid the hotel, but now am finding it nearly impossible to get Expedia to pay me back. I have called multiple time and been hung up on after being on hold for 20+minutes and can't seem to get ahold of a person on the American side of Expedia. Has anyone experienced a similar situation before? I'm feeling like I'm being scammed by Expedia or the hotel here, and have little power to do anything about it. + +If this isn't the right subreddit for this type of question, I apologize. Would anyone be able to recommend a more appropriate place to post this question? +UPDATED: Thanks for your responses and requests for more details. I've deleted the original details and hopefully simplified them below. He does not speak English and is asking my wife and I for advice. + +\--- + +QUESTION: What should my father and mother in law do with their current savings? If investing in stock market, what would be a good strategy? + +SITUATION: Father in Law (55) and Mother in Law (52) seeking advice for retirement. + +AIMED RETIREMENT AGE: 60 due to nature of their jobs, if not they'd go longer + +TYPE OF WORK: He operates heavy, dangerous machinery and lifts heavy pieces of wood in hot warehouse. She works in meat packing/cutting facility working in freezing temperatures. Both have chronic pain related to their jobs. For what it's worth, they are the toughest workers I've ever met. + +SAVINGS: $33k (between the both of them) + +FUTURE SAVINGS: In the next 5 years they should be able to save a few thousand dollars more, but not too much since they will help their college daughter with living expenses + +401K: $45k (between the both of them) + +ASSETS: + +Own their home in rural town, worth $116k on zillow + +Own 1 acre of land in rural town with 2 mobile homes worth $47k (zillow link below). One MH rents for $200 and other for $400/month. The $200 rental is on its way out and replacing it with another used one (to rent it for more) is something they are considering. They see it as a safe way of securing cash flow. + +[https://www.zillow.com/homes/3014-rl-sears-rd-Norman-Park,-GA\_rb/299370133\_zpid/](https://www.zillow.com/homes/3014-rl-sears-rd-Norman-Park,-GA_rb/299370133_zpid/) +Just as the title says, I was born into a poor family of 10 in rural southeast America. Like," sometimes we missed a few meals and went hungry" poor. I've (48F) just received a large amount to me ($1.1 million) of money in a completely legal way. It is sitting in my checking account and has been for the last 8 months. + +I have tried to research on my own as much as possible but I know absolutely nothing about money management or investing. It seems like the safest route would be to put the cash in a savings account and start an IRA. I've spoke with the financial advisor at my bank and he just seems to want me to invest in CD's or other investments at his bank. It seemed like very biased advice to me and I don't fully trust him honestly. + +I have lived pay check to pay check the last 20+ years and have no reason to have ever learned about investing. I know that's no excuse for being ignorant, but I just want to clarify my current position. + +* \-I do not have any money saved for retirement yet. +* \-My car is in good condition and completely paid for. +* \-I own a nice house in a great neighborhood and currently owe about $300K on it at 3.4 interest rate. It's one of the cheapest in the area. +* \-I have two children, one will be entering college soon and the other has 5 years until he graduates high school. I don't have a college savings account set up for either yet. +* \-My Husband is not employed and no longer able to work but does not have any medical expenses other than the general checkups. +* \-Our bills including utilities, mortgage, and living expenses in general total almost $3k a month. +* \- I am currently making about $35k a year but the outlook for my company is not good. I truly expect one more year there before I’m let go with no unemployment or severance coverage.  I will also lose affordable health insurance coverage for my entire family if this happens and I'm especially worried about these costs. + +What’s the smart move for me here financially? What would you do in my shoes? Any advice is so very appreciated.  + +&#x200B; + +ETA: Thank you all so much for the advice. It's literally life-changing for this random internet stranger and I appreciate it so much. Something so evident to most people but I never considered was the option to go back to get licensed in the field I'm currently working entry level in because I'm not certified. I couldn't afford the time or funds to go back to school previously, but I should be able to licensed in my state and earning around $75K-$95K in a little over 2 years with the help of some of the licensed folks I currently work with. + +&#x200B; + +&#x200B; +Good morning/day/evening/night everybody, I hope you're doing great! +Let's have a great day! 👍 + +Current price "115 minutes in: 172.89 US-$" + +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 $! +https://www.ls-tc.de/de/aktie/gamestop-aktie + +Can you post the volume too? +- +I can't see the volume on my banking app but you can find it online or probably in my comments, since some friendly apes talk about it often. +But remember how low the volume is in the US pre-Market and we're talking pre US pre-market here so I think that the volume doesen't reeeeally matter this early into the trading day. + +Why are you doing this every day, what's the point of posting these numbers, since the volume is nothing compared to the one in the US? +- +I think that it's less about the numbers, it's to show that every minute of every day, there is an ape who's holding GME. +Look through the comments, there are people from all around the world just wishing each other a good morning, how awesome is that? +I think that this feeling of camaraderie is critical, it's good to know that I'm not the only one liking this stock. +I'm holding since november and I will continue to hold for my brothers and sisters. +We are not a union, we are all individuals who like the stock, but we're still family! + +Starting: 174.15 US-$ + +5 minutes in: 174.21 US-$ + +10 minutes in: 174.15 US-$ + +15 minutes in: 173.55 US-$ + +20 minutes in: 173.55 US-$ + +25 minutes in: 173.19 US-$ + +30 minutes in: 173.19 US-$ + +35 minutes in: 173.25 US-$ + +40 minutes in: 173.37 US-$ + +45 minutes in: 172.65 US-$ + +50 minutes in: 172.65 US-$ + +55 minutes in: 172.71 US-$ + +60 minutes in: 172.65 US-$ + +65 minutes in: 172.83 US-$ + +70 minutes in: 172.65 US-$ + +75 minutes in: 172.59 US-$ + +80 minutes in: 172.65 US-$ + +85 minutes in: 172.53 US-$ + +90 minutes in: 173.19 US-$ + +95 minutes in: 173.01 US-$ + +100 minutes in: 173.07 US-$ + +105 minutes in: 173.01 US-$ + +110 minutes in: 173.13 US-$ + +115 minutes in: 172.89 US-$ + +The US pre-market is about to open so that's it for the day 🇺🇸 +We'll see each other again tomorrow! +Let's give 'em hell! 😁 +In this post I provide + +\- A way to fight against shorts and the SEC trying to go easy on them **within one minute.** + +\- Help on writing your own comment, focusing on (a) fuck the SEC doing the bare minimum, and (b) [fuck synthetic shorting via ETFs.](https://www.reddit.com/r/Superstonk/comments/vbk3mh/the_law_of_unintended_consequences/?context=3) + +If you want to fight the targeting of particular beloved stocks by short-sellers, take a minute and comment on this rule. You can choose to copy paste Lauer's great letter, or grow some wrinkles of your own and develop your own ability to argue for retail's interests. It's up to you :) + +Now LFG + +# TLDR + +\- Proposed Rule 13f-2 governs what information short sellers need to provide, and what short-selling information is publicly published. As we all know, GME is and has long been the target of many different vectors of short attack. **By influencing this rule, we can gain more information on all the ways GME is targeted by short sellers. No more shorting in the dark.** By repeatedly eroding Wall Street's information advantage over us, we weaken them, strengthen ourselves, and open up opportunities to catch manipulators and fraudsters *ourselves.* + +\- The rule currently proposes to publish monthly aggregate short data, 2-4 weeks after the end of each month. What the fuck is that? It's literally the bare minimum as required by the Dodd-Frank Act, which the Act explicitly says is the bare minimum. No SEC, doing the bare minimum is not how you protect investors. + +\- In the request for comment, the SEC asks if they should also include ETF shorting in the rule. **Previous DD has linked synthetic shorting (eg via XRT) to GME.** My vote for ETF inclusion is "hell yeah" with a side of "obviously". See the past DD [XRT is just another ticker for GME](https://www.reddit.com/r/Superstonk/comments/tkj5q7/xrt_is_actually_just_another_ticker_for_gme/) by u/JustWingIt0707, and [The Law of Unintended Consequences](https://www.reddit.com/r/Superstonk/comments/vbk3mh/the_law_of_unintended_consequences/?context=3) by ETF Tracker guy u/Turdfurg23. XRT is "normally" shorted 400% to over 1000%. We want anyone synthetically shorting GME via this and other ETFs to be in the spotlight. WE COMIN. + +# Polished Smoothbrain Version + +If that's enough for you and you're the type of ape that would prefer to just copy-paste a really good letter, you can do that with Dave Lauer's letter [here](https://docs.google.com/document/d/1XTRlWph6ZWWho8aocT-u3HwJERVjM3ZvTbCwuYGIfqk/edit). The SEC counts repeat letters received as "vote". Some apes did this with Trimbath's letter on Proposed Rule 10c-1 (Securities Lending Transparency). + +\- Scroll to the bottom of the file and add your name and/or position, or just type "A Concerned Investor" or something. + +\- Click File, Click Download, click Download as PDF. + +\- Email the PDF to [rule-comments@sec.gov](mailto:rule-comments@sec.gov), with **Re: Release No. 34–94313; File No. S7–08–22 Short Position and Short Activity Reporting by Institutional Investment Managers** as the subject line. + +\- You're done! Good job :) + +&#x200B; + +# Deep Wrinkles Version + +Writing your own letter carries more weight than copying someone else's. If for you it's either copy pasta or nothing, *definitely* copy pasta Dave's letter RIGHT NOW. If you want to modify the letter, write a letter of your own, or just learn a bit more, continue past this point. + +To write your own letter: I provide a [template](https://docs.google.com/document/d/1urCXLVGSOFbgaEiRjiYYYoMyS9hWPdggW8vBEDBXnSA/edit?usp=sharing). Open it up and as you go through this section, [my letter](https://docs.google.com/document/d/1ewmG-Kp8LSi3LU94Tzo0OCcqTom7fDp9EHKrNamHMhs/edit?usp=sharing), and [Dave's letter](https://docs.google.com/document/d/1XTRlWph6ZWWho8aocT-u3HwJERVjM3ZvTbCwuYGIfqk/edit?usp=sharing), copy and paste pieces that you like. Then, knit them together with your own words. **The better you get at writing comments, the more powerful apes become.** + +# Priority One: The SEC Does Not Get To Do The Bare Minimum + +So when I started getting into this rule, I decided to look at what Hester Peirce thinks because of the reliability of "Inverse Hester". While she has so far disagreed with everything that leans even slightly toward individual investors, we see this: + +[wait WHAT](https://preview.redd.it/asy787tdcyt91.png?width=927&format=png&auto=webp&s=b41eeedf1abfd9813897ed41e465b29d716ea5ef) + +Hester supports something? And the something she supports is also THE RULE governing short sellers and what they have to tell us about? That's a LFG if I've ever seen one. + +So LFG. + +# Hester Peirce Does Apes a Favor + +Wait, what? She did? Check this out: + +[https:\/\/www.sec.gov\/news\/statement\/peirce-statement-proposal-require-short-position-022522](https://preview.redd.it/63wwasfqcyt91.png?width=897&format=png&auto=webp&s=ba8d1d97fb78f514ef3f220c1942cfa8e3c67e16) + +We see a reference to Section 929X of the Dodd-Frank Act. OK, cool. Let's follow the trail. + +We go to the Act here: [https://www.govinfo.gov/content/pkg/PLAW-111publ203/pdf/PLAW-111publ203.pdf](https://www.govinfo.gov/content/pkg/PLAW-111publ203/pdf/PLAW-111publ203.pdf) + +Scroll down to 929X, and find out why Hester is OK with this rule: + +# The SEC Does the Bare Minimum + +[\\"We'd do even less but we aren't legally allowed to\\"](https://preview.redd.it/90lggwd1dyt91.png?width=870&format=png&auto=webp&s=221d41419643ace52bd430630470a06c3c48dcff) + +This tells me three things: + +\- We can't ask for anything other that aggregate reporting because that's the boundary of the law + +\- The law does not state how long the aggregation period must be (e.g. every 30 minutes?), EXCEPT: + +\- It states that AT A MINIMUM, public disclosure must happen every month. + +At a minimum. + +In the proposed rule and the fact sheet, we see: + +[\\"We'd do even less if we were legally allowed\\"](https://preview.redd.it/pi6sp1xmdyt91.png?width=948&format=png&auto=webp&s=42f3596d4c7afb75b91ee54ab0cfbf56a1b5b002) + +This is unacceptable. In fact, by delaying reporting 14 or more days after the end of each month, the SEC is skirting Dodd-Frank itself. Dave's letter goes into this topic and provides excellent backing for why there is no reason to avoid more frequent disclosure (i.e., Europe already did it to an extreme degree and none of the things hedgies clutch their pearls about ever happened). + +So in your letter, you'll want to reference Dave's bit about European evidence: + +*"We often lament the fact that regulators in other jurisdictions have done more, moved further, and advanced the cause of transparency far more significantly than we have in the US. As other commentators have noted,* ***the EU adopted a short sale reporting regime that essentially requires “immediate public disclosure of large short positions,” by individual issuers.*** *Despite this onerous disclosure regime that goes much further than the Proposal, we agree that* ***“a study of the impact of the EU’s regulation finds no evidence that the disclosure requirements have resulted in increased coordination or have resulted in short sellers being targeted for short squeezes.”*** *The concerns from the industry and from the short selling community are simply not valid."* + +I requested daily public disclosure. Given that the EU requires IMMEDIATE disclosure, and that the Dodd-Frank Act says aggregates only, you could also argue for 15-minute aggregation periods which the SEC already proposed in rule 10c-1. + +# Priority Two: Fuck Synthetic Shorting Via ETFs + +I've already linked the past DD on this vehicle. In short, operational shorting happens where there is high demand for an ETF but there are none available. So, the liquidity fairy steps in and just creates an ETF, and can opt to FTD those created shares moving into the future; this has all been covered in past DD. Operational shorting can be valuable in meeting market demand, but unfortunately it can be abused and also includes a profit incentive for the entity doing the operational shorting. + +# Synthetic Shorting Flirts With Financial Disaster + +Idiosyncratic risk, anyone? A very good paper on this issue is [Operational Shorting and Liquidity Provision](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4151052). In it, the authors note that operational shorting presents a serious risk to the entire financial system: + +&#x200B; + +https://preview.redd.it/erd80w7ikyt91.png?width=1072&format=png&auto=webp&s=8119c25ec0f13a9dda6132db24c640b4056a2e19 + +[oh shit](https://preview.redd.it/mpac1cejkyt91.png?width=1072&format=png&auto=webp&s=398cd85c4255a4915e0ad5b1b0a925db2ce5fb35) + +In your letter you will want to reference these risks. + +# Synthetic Shorting Is Used to Ignore the SEC + +This is a very common practice that is commonly used by hedge funds to ignore the SEC, which is covered well in the paper [Synthetic Shorting with ETFs](https://pdfs.semanticscholar.org/3e07/0b4b040eb8bea52f5cfacb0c90ff365d801f.pdf). As you read this, you'll be reminded of our favorite stock. + +Basically, a hedge fund can borrow an ETF, buy everything but GME, and then sell the ETF. This is the synthetic short that we want to detect. + +&#x200B; + +[hard to borrow, you say?](https://preview.redd.it/u88pqv9flyt91.png?width=823&format=png&auto=webp&s=54b65cec20fb0a0a98ebe55d34a19666af80e275) + +&#x200B; + +[low volume, you say?](https://preview.redd.it/nhk7n8ohlyt91.png?width=823&format=png&auto=webp&s=548771c2ccf4e57680d768315c75032d6ae9bc2f) + +I also note that synthetic shorting via ETFs tends to cluster around low-volume stocks (sound familiar?) which the SEC even warns people is a breeding ground for abuse. Here is what I wrote: + +&#x200B; + +[cannot be covered without the liquidity fairy, you say?](https://preview.redd.it/cyza7fe1oyt91.png?width=882&format=png&auto=webp&s=b87f9d86281c1e61770a5a7c1a66d9e1c5fcb129) + +With access to data on the short-selling of ETFs, we can gain insight into how the ETF liquidity fairy is being used to cover shorts. + +You may also wish to inform the SEC that ETF shorting creates phantom shares that [fucks up shareholder votes.](https://ecgi.global/sites/default/files/working_papers/documents/phantomfinal_0.pdf) + +# Writing Your Own Letter + +\- Template here [https://docs.google.com/document/d/1urCXLVGSOFbgaEiRjiYYYoMyS9hWPdggW8vBEDBXnSA/edit?usp=sharing](https://docs.google.com/document/d/1urCXLVGSOFbgaEiRjiYYYoMyS9hWPdggW8vBEDBXnSA/edit?usp=sharing) + +if you don't want to click that link, here is an image of the template: + +[pretty easy to copy](https://preview.redd.it/3tuvkqvsoyt91.png?width=830&format=png&auto=webp&s=e12bb8b05cebdf5fc913ef178f7a3163b6e54ec7) + +\- Write letter + +\- Be sure to communicate your concern with the SEC doing the bare minimum per Section 929X of the Dodd-Frank Act, note the EU data referenced by Lauer, and **request more frequent reporting (15 minutes, one day, whatever).** + +\- Be sure to communicate that ETFs are a common way to short and are a vector for abuse that the SEC has a responsibility to monitor. + +\- Download PDF. + +\- Email the PDF to [rule-comments@sec.gov](mailto:rule-comments@sec.gov), with **Re: Release No. 34–94313; File No. S7–08–22 Short Position and Short Activity Reporting by Institutional Investment Managers** as the subject line. + +\- You're done! Good job :) +How do you know if your setting up a meaningful stretch goal, or simply over committing? + +I’m about to sign a building contract to build a $2.5m house on a $2m block of land. + +It’s a stretch for sure, feeling the pressure to increasing earnings to try get the debt paid down quickly. + +Inherently I know I can make it work but it’s a bit of a “level up” in terms of financial commitments. + +I know it will push me to scale the business and will be some motivation to grow after coasting for a while. + +Find my self second guessing myself and thinking I’m overcommitting. + +The loan will be $2.3m on $4.5m value home. + + +34m. Three kids under 5. + +$1m income ($700k after tax). +$250k burn rate. +$1m cash (going into the build) +$2m equity in other properties +$1m listed / unlisted shares +Hi FatFireFolk, + +My stats: husband and I (~50) have a $700k paid off house, $4.5m in Vanguard (not all just vanguard stuff, some stocks), $1.3m at another brokerage, and $1.2m in a trust. So all in we have $10m+ (we own other outside property we could sell at some point). No kids. Thinking of fireing in a couple years. + +We own a piece of property we want to build a 1100 sq ft off grid cabin on. What is the best way to finance this? I've never really taken out loans other than my first mortgage back in the 90s so don't understand what the best way to do this would be. Mortgage against our house? Are there other ways? + +I don't really want to have to sell a lot of stock at this point for this. The build is likely to cost $500k+ since building materials and choices in finish we would like are above builder grade. + +Thanks! +*I have no education in Finance whatsoever, I am just someone on the internet who likes maths and hard problems. Thus, I will also focus more on the maths side, because I am rather smooth regarding accounting, legal or trading topics.* + +*This post is a little rushed. I wanted to be more thorough, but especially since* u/gherkinit *and* u/Criand *referred to* u/Zinko83 *(my brother in arms since the beginning of my quant journey; I do the math shit, he does the modeling using a commercial toolbox) and myself multiple times by now, the interest in my previous posts and our blowing-up inboxes prompted us to pump this out now. And while I am writing this, Zinko rushed on me as well. If you've read my Cheatsheet, please be aware that some of the opinions I expressed there I no longer consider to be perfectly accurate. I apologize that I wasn't really active on Reddit much, but I promise that I'll at least try to get back to everyone who contacted me or had questions since my last post.* + +*This post will clean up with many beliefs I've seen apes express even until recently. However, it is not a bear thesis, so I guess no $1100 bounty for me. Instead, we believe that it can serve as a unifying theory for many idiosyncracies and weirdnesses we were able to observe.* + +*You can find some of our sources at the end of this post.* + +*If you are ape that cannot read, look for text in italics, at least until the GME section.* + +&#x200B; + +# Introduction + +Ever since the January Sneeze, many people wondered where short interest on the stock went, why there was this incredible open interest, especially in far OTM puts (but also calls), how HFs like Melvin Capital, who claimed to have closed their short positions, managed to sustain losses afterwards, and how a gigawhale like Citadel could be threatened by a short position in essentially one idiosyncratic stock. + +It was speculated that this was due to naked short selling, and since there was a missing explanation for the far OTM puts it was speculated that these were used to hide naked shorts. + +However, not-so-recent theories argued that SHFs were, in fact, not naked short, but unloaded their bags onto Market Makers and Prime Brokers instead. I believe that to be true and will also be providing a mechanism that allows them to stay naked based on deemed-to-own regulations. + +Many of the things that happened this year can be explained by players like Citadel Advisors being short variance swaps. Variance swaps can explain pretty much the entire options chain in GME, why the stock did, and sometimes still does, experience major intraday swings to only close slightly up or down for the day, why GME and many other stocks (especially from the small and mid cap sector) experienced major volatility and constant selloff patterns that sometimes spanned months, losses for SHFs after allegedly closing their positions, and many other things. + +However, I have not found an explanation for certain correlations, like Shitty Floors stock, that would satisfy me. Such an unsatisfying answer would be "manipulation", mostly because markets are efficient. As such, I am still looking for a good hypothesis that I can base on arbitrage or the delta-hedging of certain derivatives. + +# Background + +**What are variance swaps?** + +Variance swaps are an instrument that whales use to bet on or against volatility of an underlying. Also, even retail has direct access to the volatility of some products, for instance through VIX. + +In stochastics, the variance is the expected squared deviance, usually called Standard Deviation, of some random variable from the mean. In finance, the deviance is called volatility, while its square, like in stochastics, is called variance. The expected volatility/variance is commonly called Implied Volatility/Variance (IV/IVar), while the vol/var that actually happened over a period is caled Realized Volatility/Variance (RV/RVar). *Wut mean? Ape believe banana value will go up and down a lot, so IV high. However, banana did not go up or down a lot, so RV low.* + +A variance swap is a forward contract that pays the RV (minus some strike) at maturity. The RV is proportional to the sum of daily, squared log returns. *Ape take percentage relative to previous day (1.04 for a 4% gain), apply logarithm, then power of 2, then sum up.* + +**Who is interested in longing/shorting volatility?** (Note that I might be using volatility and variance interchangeable because they basically refer to the same thing, except when talking about specific products.) + +Many market participants are interested in buying volatility. Many reasons involve hedging (against a crash, for instance), some others gambling or the incorporation into specific strategies. Buying options can also be considered long volatility. Generally, long volatility products are unprofitable, because most of the time markets are relatively calm and not volatile. *Ape bet on banana variance, but banana value do not go up and down a lot, so ape lose.* + +Which brings us to the sellers of volatility, because this is highly profitable. In fact, it is twice as profitable as stonks (risk-adjusted---meaning very favourable Sharpe-Ratio) and can, for instance, replace a major portion of bonds in the standard equity-bond portfolio to further enhance its risk-adjusted returns. Why? Because most of the time markets are calm without much volatility. Many sellers of volatility are HFs.Think of it like insurance: Most of the time nothing happens and the premiums are free money. But if something happens, you have to pay a lot. *Whale bet against banana variance and banana value do not go up and down a lot, so whale win.* + +**How would you hedge being short variance?** + +There are several possibilities: + +1. You don't. Markets are calm most of the time, and since you have tons of experience, quants and sometimes HFT, you feel confident that, overall, you will survive major volatility. +2. You hedge by buying ATM options (mostly puts) and rebalance when the stock moves/is expected to move. Most short volatility funds do this. (I call it lazy hedging.) +3. You buy a replicating portfolio (RP) of options, extremely heavy to the put side. This is very uncommon, because maintaining this portfolio is eating most, if not all, of the premiums that you were paid. + +**The Replicating Portfolio** + +This portfolio was introduced by Demeterfi in 1999. It is my impression that this work changed modern finance forever (it is also cited by every single paper that talks about volatility products), so if you've got math skills, I highly recommend you take a look. For the RP you have to choose a boundary strike *S\** (the expected stock price at maturity). It is not super important, but influences the size of your cash position and the portfolio value at maturity. The RP consists of several parts (options and futures on the underlying you want to hedge): + +1. Static long position in European options with the same maturity as the swap over the entire range of strikes (from zero to infinity), weighted *1/K\^2*, meaning the inverse square of the strike price. Below the boundary strike buy puts, above buy calls. +2. Static short position in futures/forwards, weighted *1/S\**, meaning the inverse of the boundary strike. *Short less bananas with a higher strike.* +3. A dynamic long position in shares that is kept at a constant value. *Sell some bananas when bananas become expensive, buy bananas when they are cheap. Buy low, sell high.* +4. Cash (equivalents). + +To illustrate the distribution, here is the plot of the function *1/x\^2* (ignore the part left of the y axis). + +[y = 1\/x\^2 \(Source: Wolframalpha\)](https://preview.redd.it/qewxxn7c19y71.png?width=337&format=png&auto=webp&s=c8a75443b662e0cc4c9987ab83b3c1a05bc3c74a) + +You may have noticed several things: + +* I said something about infinity. This is why, in practice, you buy options over the entire available strike range, and then buy some more calls at the highest strike to hedge the distance to infinity. +* Stock options commonly are American. This, however, doesn't matter too much, because they converge to the same value at maturity. +* Yes, short futures/forwards. *Let me be clear: The RP is not a vehicle to hide SI. It is to hedge old short exposure to variance, where, cohencidentally, short futures/forwards play a role. However, MMs could use those forwards as deemed-to-own to circumvent close-outs.* +* The RP value goes down as it nears maturity. This is true, its end value is proportional to the log return between the boundary strike and the stock price. The actual returns (for the payout) are generated by rebalancing the shares position EoD (or intraday when you feel like it) and storing the proceeds in cash. It is needed for mark-to-market (margin). *Whale keep RP so Prime Whale don't take away their fake bananas. Whale make money by playing banana value.* +* If you have basic knowledge of options, you might wonder: "Why not a straddle?"I'm glad you asked, because that brings us to Figure 3 of the Demeterfi paper. + +[Distributions of vega: \(a\) Ideal, \(b\) Lazy hedging, \(c\) RP. \(Source: Demeterfi, 1999.\)](https://preview.redd.it/o7qt883jrtx71.png?width=633&format=png&auto=webp&s=8885649f93bdb7fda699a6520c7cf45b2446efb7) + +Since we are trying to hedge volatility with a portfolio of options, the greek we have to look at is **vega**. Vega represents the sensitivity of an option to changes in IV, and it is highest ATM. The axes in the above graphic are time to maturity, vega exposure and the stock price. + +**(a)** This is the ideal vega distribution. Notice how it is not influenced by the stock price and goes down linearly with time. *Banana value do not change RP value, but banana value going up and down a lot do, but less at the end.***(b)** The distribution you achieve by lazy hedging (which is roughly similar to straddles). Notice how exposure to vega goes down hard if the stock price comes near your strike limit (in the example, the range is 80 to 120). *This is super important. If banana value move outside of hedge, whale fuk.***(c)** The distribution achieved by the RP. Notice that it has fluctuations that become more violent with declining stock price and closer to maturity. This happens because there are no fractional options contracts. + +**Properties of variance (swaps)** + +* Daily returns are squared. This implies that many small movements have less of an impact than one large movement and could help explain the long-ass selloffs we could observe on GME and many smaller companies. *Whale more fuk if banana value did go up or down by a lot, from close to close.* +* If trading on a stock slows (for instance after getting delisted), volatility and variance go down. For this reason we think it profitable to also sell variance swaps on companies you are trying to kill. *Selling banana variance make more money if banana become rotten.* +* IV tends to overestimate RV, so the RP is providing a cushion against RV. +* If the underlying moves outside of your strike range, you have a problem. You can try to hedge by buying more options, fast. *Again, if banana value move outside of hedge, whale fuk.* +* It is not easy to get out of variance swaps. Assuming you can find someone to sell one to you, going long a new variance swap does not hedge old exposure, only the future. *Whale remain fuk.* + +# Variance Swaps and GME + +If you now wonder "What does this have to do with my favourite stonk?!", please remind yourself of that function graph I showed above, and the notion about buying calls at the highest strike to hedge against infinity. *Buckle up and also read non-italics text.* + +[OI on GME, 2021-11-04. \(Source: own work\)](https://preview.redd.it/w6odgjd0xtx71.png?width=943&format=png&auto=webp&s=510a12f55b6cc70c1e96034d517393bfb5a7b7ab) + +Look at this shit. And make sure to do a double take to count the digits on the vertical axis (for the OI; the others are strikes and expiries). The purple one is the January expiry. It dominates the others so strongly that the over 8000 open contracts on the smallest strike for November 19 look really tiny. The blue row in the back is the 2023 LEAP. That's how far out this currently goes. + +[OI for 2022-01-21 over time. \(Source: own work\)](https://preview.redd.it/glge3s0p4ux71.png?width=811&format=png&auto=webp&s=4b819d0f10cb8ddb26db0207e757bb39e21634b9) + +For reference, the above graphic illustrates OI for the January 2022 LEAP between October 2020 and July 2021. Also note how OI seemed to move with the stock price until around mid January. One can assume lazy hedging. But here's the thing: Even if they were perfectly hedged, the stock breaking the highest strike multiple times would still have fucked whoever had to hedge. This was not only a short squeeze, it was also a volatility squeeze. + +To conclude this subsection, I asked Zinko to build me an RP. I chose the 2nd of February for the January 2022 expiry, because at that time OI seems to have stabilized. + +[Hypothetical RP built on 2021-02-02, expiring 2022-01-21. Log scale so you can see better what's happening. \(Source: own work\)](https://preview.redd.it/koe0co37g2y71.png?width=877&format=png&auto=webp&s=5c179a30f6b4dbc10a330909b29136608e73d3c9) + +I would have loved to show you the portfolio performance, but both of my suitable datasets have errors. More on the portfolio in a bit. + +**Who might be short variance on GME?** + +Let me refer you to the presentation by Northfield and the article by Volquant, linked in the references. Northfield alleges, without specifying, that SHFs were not only short the stock, but also selling variance swaps on it. From Volquant we can learn that Citadel kind of always has been the insurance company for Wall Street, which almost killed them in 2008 and supposedly threatened them in January. + +We don't know for certain if Melvin or Citadel in particular were short variance on GME (they could also have lost again by going short through whatever means again), but Northfield's description of the matter kind of reminded me of Melvin. Also, when the Covid crash wiped out some existing volatility funds, Kenny apparently decided to go balls deep into selling more of it (see References). + +# Discussion + +If you paid attention, there are some more things to note. + +**OI looks different than sample RP** + +The graph of our sample portfolio looks way smoother that actual OI. This is true, and reality is actually in line with Demeterfi who suggests going into strikes evenly spaced, while our tool implicitly optimizes against the fluctuations shown in Figure 3c. The irregularities that can be observed in our model portfolio seem to happen everytime the distance between strikes changes.However, not all strikes are (almost) exclusively high put OI. Some have high call OI. One can speculate that these are the boundary strikes for instances of the RP, and that the calls are part of synthetic forwards. + +**Discrepancies in maturity** + +I said something about the RP having the same maturity as the actual variance swap, and yet we are seeing OI similar to the RP almost every week. Does that mean they are selling incredibly short dated var swaps, even in January? I don't think so (I feel obligated to point out that this has been a matter of dispute with my colleagues). In fact, JPM indicates that you can combine a portfolio of variance swaps to fit the yield curves of arbitrary variance swaps on the same underlying. This means, of course, that you can do the same thing with your hedge.Why would you do this? + +* Piling all your resources into one expiry makes you vulnerable when you have to roll. In fact, I believe that this is the strongest driver of price action already. In my first post I said that I didn't believe that this was the case, but as it turns out we have been looking in the absolutely wrong place. +* Diversifying expiries reduces fluctuations. +* I believe it can probably help with position limits. +* Apes are proving that they can stay retarded longer than SHFs can remain solvent. +* Other reasons that I don't know of because, as I said, I have no background in finance. + +**Open Interest for January 2022** + +There is insane OI for January. This could be because of several things: + +* A lot of variance swaps are expiring in January. This may be the case. Remember that Jim Cramer was actually promoting the GME squeeze before it went nuts. One can speculate that SHFs were interested in getting the IV up for selling in mid January to reap more premiums, but didn't anticipate it going so horribly wrong. +* There are not a lot of expiries that offer the entire strike range. In fact, the next one after January 2022 is January 2023; June 2022 starts at $10. *This could imply that we are going to see major price movements again, just to make more strikes available.* (In italics so those of you that can't read can read it.) +* It is because of "kicking the can" on the next cyle. + +**Cycles** + +By now likely all of you know about the "cycles", where GME is expected to print fat green dildoes every three months. But did you notice that the same thing is happening on a much smaller scale almost every month around the same time? The entire market does it, more or less. Previously I recommended another, now deleted post, which might have played a role as well (and likely did for February), but I have developed a new thesis since then. + +We move when a RP gets built. That's the thesis. Why do we move harder every three months? Because according to my thesis the size of the move depends on the new hedges required, and hence it is stronger for expiries that have been around for longer and have more strikes available (both incentivizing larger positions). + +Cohencidentally that seems to be true for February, May, August and November. And let's not forget January, because that's the month LEAPs expire on any stock. + +Please understand that this is anecdotal and that I have not been able to prove this yet, because we are severely understaffed (and our historical data is bad). That said and considering things like the recent increases in January OI, don't expect November cycle to happen (on time). + +**The correlations** + +I can not yet explain why Shitty Floors would track GME as closely as it does. There are ways to set up variance swaps to profit from covariance/correlation, which is generally called dispersion trading. However, the hedging of variance swaps doesn't cause correlations. This seems to be also true for other instruments like variance options or volatility swaps. The latter involve active trading of variance swaps/replicating options so might have more influence on the stock price than vanilla variance swaps, but it doesn't change a thing regarding correlating stocks. + +As I said in the introduction, "manipulation" is not a satisfying explanation, so that leaves us with arbitrage or other instruments that yet have to be discovered. + +**WhAt'S tHe Si?!?** + +Honestly, I don't care much about that, but I know you retards do. These roughly 2300 shares in Citadel Advisor's 13F may or may not be indicative of a position in short forwards amounting to a net position of millions of shares short. Yes, the shares position in the RP is that tiny compared to the amount you go short in forwards. + +**WE SHOULD NOT BE WITNESSING THIS** + +In caps because it's the most important thing in this section. + +First and foremost, as stated earlier, it is really uncommon to build a complete RP because of the expenses. It takes millions of Dollars to maintain these positions. Instead, players usually build the lazy hedge where the variance vega distribution looks like in Figure 3b, or use even other strategies. + +Another aspect of the incomplete hedges is that it is not signaling to even retards like us what is apparently going on, leaving more room for ambiguity (and making it harder for competing firms to figure out was going on). + +That leaves the question if it is incredibly important to someone to make other firms believe that a RP is maintained in the options chain, or if they for some reason are forced to do so. + +# Conclusion + +GME options chain is indicative of the "Replicating Portfolio" used to hedge short variance exposure. This portfolio involves long puts and calls, short forwards and a rather small position in shares. Assuming open naked shorts on GME, willing counterparties for short forwards would be market makers or prime brokers trying to get around close-outs through deemed-to-own clauses. + +Short variance exposure can explain many events that happened this year around the stock, but not correlations to other tickers. We believe it to be a major driver of GME's stock price. + +It is suspicious that the options chain looks like this in such an obvious way, since doing a complete hedge usually burns the premiums collected, and also is sending very clear signals which investment firms usually try to circumvent. + +*Edit: Whales bet that banana wouldn't go up and down a lot, but it did. Open banana options suggest this, and maybe help explain where fake bananas came from. Banana value moves because whales are trying to not get fukd. Whales normally are not that obvious, which tells us something. The question is what.* + +# References + +* Demeterfi (Goldman): [https://www.researchgate.net/publication/246869706\_More\_Than\_You\_Ever\_Wanted\_to\_Know\_About\_Volatility\_Swaps](https://www.researchgate.net/publication/246869706_More_Than_You_Ever_Wanted_to_Know_About_Volatility_Swaps) +* JP Morgan: [http://quantlabs.net/academy/download/free\_quant\_instituitional\_books\_/\[JP%20Morgan\]%20Variance%20Swaps.pdf](http://quantlabs.net/academy/download/free_quant_instituitional_books_/[JP%20Morgan]%20Variance%20Swaps.pdf) +* Northfield: [https://www.northinfo.com/documents/993.pdf](https://www.northinfo.com/documents/993.pdf) +* Volquant: [https://volquant.medium.com/epic-failures-lessons-from-volatility-funds-blow-ups-6f4226c8334f](https://volquant.medium.com/epic-failures-lessons-from-volatility-funds-blow-ups-6f4226c8334f) +* Articles on Citadel poaching volatility traders for their own funds:[https://www.businessinsider.com/hedge-funds-citadel-millennium-raiding-big-banks-hiring-volatility-traders-2021-4?op=1](https://www.businessinsider.com/hedge-funds-citadel-millennium-raiding-big-banks-hiring-volatility-traders-2021-4?op=1)[https://www.businessinsider.com/talent-war-volatility-traders-hired-from-wall-street-investment-banks-2021-5?op=1](https://www.businessinsider.com/talent-war-volatility-traders-hired-from-wall-street-investment-banks-2021-5?op=1)[https://www.efinancialcareers.com/news/2021/04/david-kim-bank-of-america-citadel](https://www.efinancialcareers.com/news/2021/04/david-kim-bank-of-america-citadel) + +# + +# Appendix A: The "2500 Straddle" + +On Monday, there was a large floor trade of both 2500 put and call contracts, at the strike price of $220. That evening, this sub saw a post claiming that this was a straddle and some whale was expecting major price movements. + +Even if you ignore that straddles are ATM, it was not a straddle. At roughly the same time, a block trade worth 250k shares went through a Dark Pool. These block trades have become very rare on GME. If this trade would have been a straddle, the net delta would have been 0.08, equaling 20k shares that would have hit the market. If we assume that one of these trades was short options, the net delta would have been 1, resulting in 250k shares traded. *It was a synthetic forward, and the shares are part of a married trade.* + +Now we have to contemplate which direction. + +1. A short forward could indicate that these forwards are part of an RP being built (with the forward price of $220). u/Criand be my witness, I made a bet how this would play out for the stonk. (Not saying because that makes them adapt.) +2. A long forward would mean that some whale sold shorted shares to a MM. On the one hand that means that those of you that have subscriptions to services like Ortex should actually be able to see changes in SI on Monday. On the other, it is my understanding that it was speculated that upwards momentum this week came from APs being forced to buy shares for ETFs. + +# Appendix B: How Hedge Funds operate + +I'm sure most of you have heard of the "Long/Short Portfolio" before, but don't really know what it means. It means that HFs go long a stock that they believe in, and at the same time short a very similar stock that they have less faith in. This helps eliminate market risk. Examples: + +* Hedgie is bullish on CLF, so they short MT for "free money". +* Hedgie is bullish on AMZN, so they short GME, EXPR and others to hedge against problems in gaming, clothing and other markets. + +I am telling you this, because, of course, the same thing can be done in volatility trading. Dispersion and spread trading like talked above are examples of this. I think it possible that many idiosyncracies seen this year can be attributed to such strategies, although some of the issues I identified for correlations also hold here. + +# Appendix C: Stock splits + +It is our opinion that stock splits are good for the ones shorting variance, because unlike shares, there's not going to be a split in the variance swap. That means that a narrower range of strikes and therefore less capital is required to maintain the hedges. + +So apart from other reasons that were discussed back then, this might provide an answer to those that were hoping for stock splits earlier this year. + +# Appendix ZZZ: Thank you! + +Thank you to u/Leenixus for paying with his own money for the tool Zinko is using. It is Hoadley, btw, and it has a lot of functionality that can come in handy if you are serious about becoming a super serious investor. (I have no affiliations with them, and they don't even have stonks.) + +Thank you to u/Zinko83, because he's the guy I've been working on this with for the last two months or so, and to u/sweatysuits for actively participating in our discussions, and to the rest of the FWFB Discord. + +But most importantly, thank you to Kenny, ballSAC, the Toy from Bulgaria, Melvin, and whoever was in bed with them. Without you guys I would have never learned this shit and would be as clueless as the average consumer of CNBC. You guys are the best, seriously. + +*And thank you, the reader, for making it this far!* +I’ve put an offer in which has been tentatively accepted on a rural property. It’s an hour and a bit from Melb cbd but I could not justify paying 400k for a box apartment. After 10 years of city living I am over hearing other people when I get home. + +Pros. +Space - I was sick of apartment living. +Repayments will be cheaper than my rent. + +Cons. +hour and 20 train to work. +Lack of cafes etc +Ability to meet people for dates. + +I want to travel next year when restrictions are lifted. Would it be dumb to purchase even if I plan on renting in the future? +EDIT: Damn, this went off. I've had to close it to new responses. Thanks so much to everyone for sharing. Results in the comments. + + +I hope this is ok to post -- delete it if it's not. I'm doing a uni project on my latest obsession: energy efficiency (or lack thereof) in Australian houses. The fact that our houses are glorified tents means that most people are burning money trying to heat, cool and ventilate them, and houses that *are* energy efficient seem to be getting higher sale prices. I figure this sub is money-focused and has a good spread of tenants, owners and (secret) landlords... so if any of you have 5 mins to spare, I'd really appreciate it (particularly the landlords... I don't have many in my circles). + +[https://forms.gle/ErN1TAKbujTRgJqA6](https://forms.gle/ErN1TAKbujTRgJqA6) +Ethereum’s core developers said that they were hesitant to adopt such a monumental and potentially chaotic change, particularly given that the cryptocurrency’s long-term roadmap already includes a transition away from mining and to a Proof-of-Stake (PoS) consensus algorithm.[ccn.com](https://www.ccn.com/vitalik-advises-against-declaring-war-on-ethash-asic-miners/) +Seriously though, I hope most of you are not losing any sleep over this “correction” or whatever they call it. + +Keep your eye on the long term prize and remember that this too shall pass. +**UPDATE: u/Financial_Grandpa told me that it appears u/Past_Effect91 has referenced the wrong article it's not the article 19 that we are looking for!** + +Yesterday u/Past_Effect91 made a very important post that did not get enough traction, even though the content, as I read it, seems it could partially stop MOASS (if it doesn't please explain to me why not). + +The ECB is trying to undo mandatory buy-ins which means that when the MOASS should start, it won't because nobody will be forced to buy back the securities to clear the shorts! + +This is extremely illegal and we need to do something about this! + +Please help us Euroapes on our journey to write to our politicians about how dangerous approving this is for the economy and how we can stop this. + +Thanks everybody!❤️ + +Edit: I am receiving lots of positive feedback and some people are even sending links to me to find out how we can complain about this, I will leave all of the links that have been shared with me below: + +https://www.reddit.com/r/Superstonk/comments/wy7tht/euroapes_assemble_link_to_cdsr_comment_form/?utm_medium=android_app&utm_source=share + +https://www.ombudsman.europa.eu/en/complainant-account (you need to make an account to complain with this one) + +The following comment is also great: https://www.reddit.com/r/Superstonk/comments/wyw4u7/the_ecb_is_trying_to_undo_mandatory_buyins_we/ilzw23x?utm_medium=android_app&utm_source=share&context=3 + +Edit #2: thanks for the awards, but do not spend money on this, use your money to BUY & DRS GME instead, me and my bank account appreciate it a lot more🙃😂 + +Edit #3: Sorry to bother you u/dlauer but we need help to understand this amendment better! +Hey, + +I’m 40 with no investments and want to start investing long-term. + +* My current life: +* Live in an EU country in Eastern Europe +* Single and childfree +* I own a flat +* No plans to get a family or relationship +* No car +* Stable savings +* Own freelance digital nomad business with a stable income +* 2 online passive side-projects in progress with low maintenance cost +* Not buying things +* Living a bohemian minimal lifestyle +* The only expenses are low cost own cooking food and other basic necessities like internet bills + +Should I look into global low-cost index funds at this point for long-term investing or any other options? +So currently I'm living in a flatshare for €325 warm - for a budget-conscious person definitely a plus, but having a 5 person WG right outside the city limits is making me reconsider. Especially since I'm almost 30. I make €3500/mo before taxes (€2240/mo after) so theoretically I'm able to afford €700/mo based on the 1/3 rule, but given that I'm expecting some not unsubstantial medical bills (dental, about €2k within the next year) plus the fact I've simply never been the main tenant in Germany before (I'm from the US) is giving me pause. Thoughts as to the direction I should take? How much apartment can one afford on such a salary but with expected expenditures ahead? + +Current savings is €14k. I know, I'm way behind the pack here. +I've been thinking about starting to invest for some time and I think now is a good time, because I've finished university recently and have become employed full time and I would appreciate any sort help on this matter. + +**About me:** + +* I'm 24 years old software engineer from Slovenia +* Income: **1300€** net (post-tax) +* Expenses: around **500€** \+- per month + * rent: 200€ + * food: 200€ + * misc: 100€ (expenses such as medical insurance, etc.) +* No car (don't plan on getting one for the next 2-3 years) +* No dept of any kind +* No wife / kids that I would need to take care of, however this will likely change in the next 5-6 years +* Emergency fund: **6000€** (approx 12 months) +* Savings: **10k €** + +On top of my current savings, according to my expenses that I've been tracking over the past couple of months, I'll be able save around **800€** per month. Now, I don't have much clue what to do with this. + +From my poor understanding on the matter, I should initially invest a portion of my current savings, either in a one time effort or spread out over the next couple of months. And after that I'd plan to continue investing a portion of what I save each month from my pay check on a monthly basis. **ETFs** seem to be the preferred way to go about this. + +I'm interested in investing for the long term as my country has tax laws that benefit this (if you own said assets for a period of 20 years or longer, you aren't taxed at all upon sale and the tax reductions start at the 10 year mark). Also, if I understood correctly, based on my countries tax laws I would only be taxed on dividends that I actually receive so I'm assuming an **accumulating ETF** would be a better choice for me (however, I have to investigate this further). + +As far as investment platforms go, I've been looking at **Interactive Brokers** and **Trading212**. I see people here go for both, but I can't seem to work out which would benefit me more, so help would be appreciated here. Also, DeGiro is not available in my country. + +I know questions like these are asked quite often and I've been reading a lot about finances lately but I still feel very new to all of it so I thought I'd ask here anyways. **Does anyone have any recommendations, such as how to go about this, how should I spread my savings across investments, which ETFs should I look into and which trading platform to choose, etc?** + +I'd appreciate any kind of help as this is both very overwhelming and somewhat scary with no prior experience, + +Kind regards. +Have been broke for a while. Got a job as a bartender in Ireland. It's OK. It nets me free food from the kitchen so I can spend very little on feeding myself. Pay is €400 to €450 a week, after tax. Rent is €134 a week (Am strongly considering finding elsewhere when I can. Which will be €390 a month.) Currently have €3,000 in my account, with a soft goal of saving €1,000 a month. Electricity is ridiculous, idk, can be maybe €60 a month. I believe I can have 10k by January 1st 2023. + + + +Anyway, I've never really had any kind of savings. I want to get some advice on what I should be aiming for or doing with it as it rises. Just straight into a current account? I'd like to try to own a house or apartment some day, but that's probably an unrealistic goal for someone like me. I'd also like to maybe train to do something that pays better and I enjoy more, but I already have a degree and a did not finish Masters degree. + + +Am 27, not an Irish citizen, but British, would like to become an Irish citizen though. Eventually would like to be an EU citizen and retire in Greece. +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! +We’ve had countless trading halts on GME since January 2021. Some Apes may wonder why that is, and the more elaborate response than simply “crime” is that it really comes down to the [algorithm](https://imgur.com/a/ayyIjJp). + +Had there been no trading halts on GME this past year, Citadel would’ve started producing YouTube videos like these, as the price of GME skyrocketed to Andromeda and beyond: + +https://preview.redd.it/ir030eqsjiz91.png?width=640&format=png&auto=webp&s=a00a419edd8473e6e919816d94dec5a3aa36536c + +The fact of the matter is that these trading halts are among the last lines of defense SHFs have against GME to keep the price suppressed (unless we want to get into the possibility of brokers resorting to PCO’ing GME again, which would be a complete PR nightmare for them, especially after the Congressional hearing and everything else that’s happened since then). + +Halting a volatile stock, such as GME, yields several advantages to SHFs. Recep Bildik's research paper into trading halts, entitled, "[Trading Halts and the Advantage of Institutional Investors: Evidence from the Istanbul Stock Exchange](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=688941)," found that **institutional investors would** **consistently buy and sell at more favorable prices around halts than individual investors do**, and that they would "take advantage of new information during the halt period ahead of individual investors by doing better timing in trading after halts". + +We know that institutional investors have the luxury of obtaining data before retail investors, and that luxury is amplified during a trading halt, since they'd know exactly how to trade after the halt is over. + +We can dip deeper into how SHFs are positively impacted by trading halts by analyzing Citadel's algo, and determining what advantages it would get in the event of a halt. + +One good DD that goes into Citadel's algos is Ape GangGangBet's [Citadel Algos Exposed DD](https://www.reddit.com/r/Superstonk/comments/uuqcg6/citadel_algos_exposed_creating_arbitrage_to_steal/), which looks into Citadel's 2 algos: SmartProvide and FastFill. + +FastFill, for example, as explained by GangGangBet, is basically designed to front run orders: + +"They see price going up and the consolidated data (SIP) isn't reflecting it yet, so they front run buying before the gains happen. **In general smaller liquidity stocks and retail buying is basically fucked by this algorithm and almost always gets scalped for a loss to retail.** + +The same situation happens but opposite for selling. SIP is high but their data shows low so they sell high before price is "realized" on SIP. + +The delay between your buys and sells being executed is time for Citadel to steal your money." + +This algo trades ahead of time before anything hits the ticker; moreover, this perk of receiving data ahead of time could serve to manipulate & profit off the stock, at the expense of retail. + +Well, what happens every time there's a significant rally headed into critical margin levels? The volume grows exponentially, tons of activity everywhere. So much so, that it would likely overwhelm Citadel's algo, and they wouldn't have the time necessary to front run orders and manipulate the price ahead of time. Dark pool manipulation, short ladder attacks, etc., all require time and a degree of control. That's why SHFs *need* low liquidity—it gives them both. As such, when the volume is too large, and the price is currently trading out of control for them, their influence over the price is limited, and when the price gets too close to critical margin levels, SHFs may pull their trading halt lever in an attempt to regain control over the stock. + +During a trading halt, Citadel (et al.) receive ample time to absorb all the new data, and may recalibrate their algos at their discretion. By the time the trading halt is lifted, they already know exactly every single order that will hit and how to trade them efficiently. + +This is illustrated below: + +[GME Price, March-April 2022](https://preview.redd.it/2icdx47ujiz91.png?width=1920&format=png&auto=webp&s=3d57bcb1c4fdbbc429bea2174a6420b6de8c3be2) + +As we can see in March-April 2022, we had the run up leading to critical margin levels. SHFs successfully got GME halted, and they used the extra time to recalibrate their algos, which led to the GME price dropping back down into the control zone. You can tell the algo has been doing its job after that by observing the fractals it left behind, which I brought up in §3 of my [Burning Cash DD](https://www.reddit.com/r/Superstonk/comments/v0zrni/burning_cash/). + +Basically, when it gets too hot in the oven, and SHFs see that they're losing, you'll likely see them throw the "trading halt" card to try to regain the upper hand. + +https://i.redd.it/m8qd0pyzjiz91.gif + +Now, how do SHFs accomplish triggering a trading halt for GME? The answer is quite simple. + +There's a variety of trading halt codes that identify the reason (reason code) for why trading is halted in a FINRA security—they range from volatility pauses to halts related to "extraordinary market events". + +The trading halt code GME most commonly receives from the NYSE is "reason code M", which can be found on [NasdaqTrader](https://www.nasdaqtrader.com/Trader.aspx?id=tradehaltcodes). Trading halt code "M" is a halt due to something as simple as volatility. According to the [NYSE Arca](https://blog.themistrading.com/2013/08/trading-volatility-halts-and-the-hft-4-boogie/): + +"*If a security falls/rises 10% in a 5-minute time period, a market-wide trading pause will occur in the security for a full 5-minutes".* + +As such, the volatility halt "reason code M" provides is easy to implement on GME. Here's trading halt code "M" being implemented on GME this May: + +https://preview.redd.it/tdmzczpwjiz91.png?width=1920&format=png&auto=webp&s=95f08bd0210233d8b78447c37e7b5b57ecf04dc4 + +If you were a hedge fund shorting GME, and you noticed the volume has been growing exponentially, slowly overwhelming the algo and driving the price to uncontrollable heights, your best bet would be to let the price rocket up a quick 10%+, automatically enabling trading halt code "M" on GME. The several minutes of paused trading on GME should give you some extra time to borrow some more shares, while your algo gets enough time to absorb all the new data, recalibrate, and know exactly what trades to make as soon as trading resumes to be able to take the price down to the control zone. + +So, what can we expect going forward? Expect GME to stay in this control zone, as I've pointed out in my DD [SHFs Can & Will Get Margin Called](https://www.reddit.com/r/Superstonk/comments/vrwfjt/shfs_can_will_get_margin_called/). Critical margin levels should be down to around $45 right now, down from $48 a few months back. Critical float lock levels are still around $10, so anywhere between that range (mainly between $20-$35) would be where I'd expect the price to keep oscillating downward for the time being, until there is some extraordinary amount of FOMO that would break the algo and any trading halt that comes with it, or something of the sort. But, the best bet would be DRS, and the pressure that will come with it as we get insanely close to locking the float. + +We all know that SHFs are fucked. The whole reason that this game is taking so long is because they just want to spend as much time living on their empire as they can, before it all comes crumbling down. To me, this is already a guaranteed win for Apes, which is why I'm just focused on accumulating as many registered shares as I can get before MOASS, because this shit will only happen once, and then that's it. No do-overs, nothing. Only once, and that's something you don't want to take for granted. So, if you haven't DRS'ed yet, [I'd recommend you do so](https://www.reddit.com/r/Superstonk/comments/wwjebh/drs_chill/), especially before it's too late, because there's nothing stopping the DRS train. + +https://i.redd.it/mtikgnyzjiz91.gif +Do not underestimate the cost of home repairs when making a home-buying decision. My mortgage is $300 less than my rent was, and $500 of it is principal. So in theory I'm netting $800 per month. But how wrong I was. We've owned for 4 months: + +* New floors $10k whole house. (Turns out the previous owner was using wall plugs to mask a horrific dog smell stained into his carpets) +* Baby's room was 4-6degrees colder than the room downstairs with a thermostat. Energy upgrades ran us $4k. +* Personally spent 1.5k on various projects of DIY so far. +* Gutters haven't been cleaned apparently in years. The soffets behind them are rotting out and must be replaced. $2k. +* Electric panel was a fire hazard and had to be replaced. $2.5k. + +** Edit because people keep commenting pretty judgementally about it* To be fair, some of this was caught in the inspection. Old utilities. Possible soffet damage, and a footnote about the electricals. We were able to recoup some of this cost in "sellers help" but we maxed out at 5k after the initial contract negotiations ** + + +By the time we hit the 1yr mark we will easily have sunk 20k into this house, very little of which will increase the value. The house was cheaper than others on the market and now I know why. When you include all the fees of buying and selling, I can easily see how it takes 5-6 years for home ownership to really pay off financially. +After some issues with the code, that pumped the gas fees to infinity, the project had to take drastic steps to turn this boat around, and boy did they turn it around. +🚣‍♀️📈🚢 + +LOT version two with an updated code PLUS SUCCESSFULL AUDIT with Solidity finance is claiming new aths every day (Crossed $3.2) and it attracts old investors and new ones alike, it is a reassurance to the awesome community that was build around the simple but ingenious tokenomics of this Coin. +🔭🌚🚀🌠 + +Every Wallet is an entry to an everlasting lottery, you just have to hold at least 25 of LOT in your wallet and you are in. This number is dynamic and can will be changed by the devs to counter volatility. + +So take a seat💺 and soar through the sky with us.✈✈✈ + +This coin is the OG Lotteryproject on BSC, everything else is but a copy of it and an unsuccessful one at that. The short amount of time that LOT was in redesign brought forth an entertaining bunch of projects (LOTTOAUTO and $ROUL we are looking at you) and all had one thing in common, the allure for the little man was missing, they would have ended or ended up becoming a whales game, just like Ethereums Lottery, and thus they failed and fail right after reception… + +Alright back to the money shitting elephant at hand. Cause that is what this coin is, the purest form of democracy in monetary form. Every wallet has the same chances, again 1 wallet + 25 of LOT = 1 ticket, sure you can make multiple wallets to get more tickets, no problem with that. But be aware young goomba, that you will fill up the pot with every tx you do. And you will lose out on the juicy holders tax that benefits those that hold their coins in one wallet. + +And this is where things get interesting, every transaction of LOT has an automatic tax of 6% applied to it: + +🛸2% go to holders (The more LOT your have, the bigger your share will be) + + +🛸2% get burned + + +🛸2% go to the pot, that fills up till it bursts when it reaches 0.1% of circ supply and one lucky little fucker gets it all. This mechanic is giving me wet dreams btw, how can you not be on the verge of going all in right now...                            + +News flash!!! (The devs just finished one of the craziest feats on BSC, they did an Airdrop for holders of LOTs old version to reimburse them, whilst doing a presale for them as well, all manually! Like for real, they did this shit by hand and send everyone their respective tokens. BSC, you finally got some heroes to show case!)  + +Alright here are some specs for you tinkerers: + +🎲Circ supply: 1,250,00 (105,000 initial burn to        🎲match the swap, so 1.145m will remain) + + +🎲This low circ supply will catapult this through the stratosphere. + + +🎲Market cap: $3.8m + + +🎲CMC and CG applications are done, so in about 1 🎲million years LOT might get listed. + + +🎲Awesome road map that will evolve it 🎲into a Lottery ecosystem with multiple projects! + + +🎲Devs that respond to everything personally and are in the chats 24/7. + +Links: + +Website: www.lotterytoken.net + +Audit: https://solidity.finance/audits/Lottery/ + +Liq lock: https://dxsale.app/app/pages/dxlockview?id=0&add=0xB3125A2A0baaFaaD790c56650Ef96322bC507585&type=lplock&chain=BSC + +Reddit: www.reddit.com/r/lottery_token?utm_medi + +Telegram: https://t.me/lotterytokenchat (The place to be) + +Discord: https://discord.gg/WBKDXCVKbS + +Twitter: https://mobile.twitter.com/lottery_token + +Graph: https://dex.guru/token/0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7-bsc + +Contract: https://bscscan.com/address/0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7 + +BUY HERE RIGHT NOW! + +Pancakeswap: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7 + +Tldr: If you are bummed by getting rekd the whole time on BSC and you lose faith in new projects, look no further, this one here can reestablish lost trust. The Devs did something no other team on BSC did so far when times got rough, they stayed, and they indulged into the community. They sweat blood and grinded their brain cells to overload. For the Project, for the community, for crypto. +Does anyone else here treat BRK.B as “basically” an ETF as I do? + +Obviously it’s not an ETF, I just mean in how it’s a collection of stocks with a clear strategy led by the goat investor. +so i’m currently a student so i only have allowance to rely on! i am thinking of investing $100 per month in fsmone regular savings plan...and planning to invest in s&p 500 ($50) and tech shares ($50)...but fsmone does not have Ireland domiciled etfs and would have 30% tax for US etf (i did consider other platforms but they did not provide fractional shares...or the regular savings plan) thoughts on this way of diversification for a new beginner without much money.....pls advice!!!!!!! thank you :D +I own ARK G/Q/F and I’m happy with those. Given that there will be a focus on employment/travel/transport etc this year is it worth hedging with a value ETF or something else? + +What I’ve been thinking is 1 of - + +RPV, IJJ, VTV +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! + +SCREAMING! My offer on a lovely townhome was accepted this morning. After all this time, I am finally buying a home and I absolutely adore it. + +Thank you all for your advice. I have been on here heavily, asking daily what y’all think. Y’all have taught me a lot and given me so much to consider and now I’m buying a home!!!! Wish me luck! +(Financial Times) -- Organisation calls on central banks to co-ordinate policies and tighten less to avoid ‘devastating’ worldwide downturn + +The World Bank has warned that leading central banks risk sending the global economy into a “devastating” recession next year if policymakers raise interest rates too high over the months ahead and stress financial markets. + +The Washington-based organisation called on monetary authorities in the big economies to co-ordinate their actions to reduce the overall amount of tightening. + +Central banks, led by the US Federal Reserve, have embarked on a series of aggressive rate rises over the course of 2022 in a bid to tame inflation that is at, or close to, double figures in several advanced economies for the first time in decades. + +Energy and food prices have surged following Russia’s invasion of Ukraine in late February, triggering a cost of living crisis. + +To avoid letting inflation rip, the World Bank urged governments to provide targeted relief to vulnerable households instead of relying on tighter monetary policy. + +David Malpass, president of the World Bank, said momentum in the global economy was sliding and more countries were already falling into recession. “My deep concern is that these trends will persist, with long-lasting consequences that are devastating for people in emerging market and developing economies,” he added. + +He called for more action to boost production to ease inflationary pressure, rather than all the focus being on curbing spending. Increased investment would, he said, “improve productivity and capital allocation, which are critical for growth and poverty reduction”. + +The World Bank did not produce new forecasts for the global economy, but noted that the outlook for 2023 had been sliding as rich and poor countries alike responded to high inflation this year by seeking to limit spending. + +“Central banks around the world have been raising interest rates this year with a degree of synchronicity not seen over the past five decades — a trend that is likely to continue well into next year,” the World Bank said. + +The warnings come ahead of crucial policy votes at the Fed and Bank of England next week. The US central bank is expected to raise rates by 75 basis points for the third meeting in a row on Thursday, while UK borrowing costs are likely to rise by 50 basis points. + +The expected rises in global interest rates would bear down on inflation, but not enough to meet central banks’ targets, which are usually around 2 per cent, the World Bank warned. Core global inflation, excluding energy, was still likely to be running at a rate of 5 per cent next year — twice the pre-pandemic rate. + +If such a level of inflation persuaded central banks to become even more aggressive, global economic growth would drop to 0.5 per cent in 2023, according to the World Bank. + +That would meet most definitions of a global recession just three years after the last one, the World Bank added, because with population growth, average global incomes would be falling. + +In its modelling(opens a new window), the bank said there needed to be some tightening of monetary policy, but this should be accompanied by every effort to ease bottlenecks both internationally and domestically to allow production to increase without stoking inflation. + +This includes boosting the supply of commodities, food and energy to alleviate much of the global inflationary forces, alongside investing to decarbonise economic growth. + +The bank’s findings have been echoed by former IMF chief economist Maurice Obstfeld, now a senior fellow at the Peterson Institute for International Economics. + +“Just as central banks, especially those of the richer countries, misread the factors driving inflation when it was rising in 2021, they may also be underestimating the speed with which inflation could fall as their economies slow,” said Obstfeld, urging them to be less “zealous” in raising interest rates. + +“By simultaneously all going in the same direction, they risk reinforcing each other’s policy impacts without taking that feedback loop into account,” he added. + +Via: [https://www.ft.com/content/d95de774-e4e4-4864-a5fd-a0f696ee6728](https://www.ft.com/content/d95de774-e4e4-4864-a5fd-a0f696ee6728) (non-paywall at: [https://archive.ph/jbzv0](https://archive.ph/jbzv0)) +Trying to have my cake and eat it too here :). + +Buying a home. I can easily cash buy (<15% of net worth). These low interest rates makes the math highly favor using a mortgage but waiting 35 days is inconvenient. + +Is there a trick to buying a home cash, then at a later point getting financing against it to reinvest in the stock market (at a similar rate to the sub 3% mortgage financing)? That way we can easily buy / move in and then in a couple months get the benefits of investing in the stock market (at a similar rate to mortgage financing). + +Thanks +Trying to have my cake and eat it too here :). + +Buying a home. I can easily cash buy (<15% of net worth). These low interest rates makes the math highly favor using a mortgage but waiting 35 days is inconvenient. + +Is there a trick to buying a home cash, then at a later point getting financing against it to reinvest in the stock market (at a similar rate to the sub 3% mortgage financing)? That way we can easily buy / move in and then in a couple months get the benefits of investing in the stock market (at a similar rate to mortgage financing). + +Thanks +Been seeing a lot of people referring to the upcoming vote as a vote on a Stock Split and not a vote on a Stock Dividend. There are some real material differences as explained here: + +https://www.educba.com/stock-dividend-vs-stock-split/ + +A big one they do not go over, but our beloved u/atobitt did, shorts have to go buy Stock to make up the difference for those that lent it to them! + +And as always you're the chairman of your own destiiiiiny ALRIGHT! + +https://youtu.be/f_jq8Z3rBOI + +EDIT: to be more precise, the vote is not specifically on the dividend: "The vote will not be for the share dividend (split). The board decides if there will be the dividend. Our vote will be for increasing the issuable shares to 1,000,000,000." + +EDIT 2: Well this kinda blew up lol. Just trying to help when researching is all if anyone has anymore details on a Stock Split as a dividend vs a normal Stock Split let me know, but here is another good link outlining how the PRICE will be diluted similarly but there is a definite difference between an old fashioned forward stock split and a stock split as a dividend(aka stock dividend) + +https://www.investopedia.com/ask/answers/06/stockdividendvsstocksplit.asp + +EDIT 3: It may be "most correct" to refer to this as a 'Stock Split Dividend' rather than either a Stock Split or Stock Dividend as it is exactly neither. To me I just wanted to post this originally to jack my own teets and emphasize the dividend portion of the filing about the split as in looking more into stock splits the dividend makes it a bit different than a regular old 'stock split' + +[What can I say, I don't wanna stop](https://www.youtube.com/watch?v=2liD7pahHN4) + +EDIT 4: So someone brought up the point that borrowable shares would increase by the ratio as well and shorts could then go borrow those shares to fulfill this dividend. While that makes sense, we have also seen both Fidelity and IBKR run out of borrowable shares numerous times. 0 times the ratio number is still 0 and in that case I believe they would need to go get shares from the open market. + +[You taste that? Mmmm it tastes good](https://youtu.be/Nm2DVfOzEig) +[https://www.youtube.com/watch?v=A5A5Eu0ra3I&ab\_channel=Money%26Macro](https://www.youtube.com/watch?v=A5A5Eu0ra3I&ab_channel=Money%26Macro) + +Summary: + +\- A scientist started mapping multiple countries' claimed economic growth numbers to the increase in city lights seen from satellites + +\- He found an amazing correlation between the two in democratic countries that had a free press and independent parties measuring the numbers + +\- He found a massive discrepancy between the two in autocratic regimes that controlled the reporting agencies and the press (shocker!) + +\- Tested his theory against reasons why totalitarian countries might have fewer lights when growing (hey! they like working and living in the dark! They're allergic to electricity! They care more about the environment!). Nothing seemed to stand up to scrutiny. + +\- Based on the growth in lights, he estimates that China's growth was less than half what they claimed. This means that China's GDP is likely less than half of the US possibly even lower + +\- The other side of the coin is that their total debt levels are between 600-700% of GDP rather than 300% + +\- Paper has been peer-reviewed and presented at multiple economic conferences + +There's a lot of room to interpret the data but you have to admit the science is pretty spiffy. +At the end of March 2018, I said goodbye to my coworkers and the only company of my professional career. My goal was to coast to FI off the $200k I'd already saved up and live happily ever after with my boyfriend. + +Funny how life ends up sometimes, because it didn't happen at all like I thought it would. My freelancing career suffered from a lack of structure and motivation as my relationship with my then boyfriend fell apart. I realized in October that whole plan wasn't going to work and cut my losses. I had a choice between staying with friends in Texas or going home to my parents. As the holidays were approaching (and my mom had recently had a stroke), I went home and lived in my parent's basement for a month until I got my life sorted out. + +I will be going back to work shortly after being out of the corporate world for 9 months. Here are some lessons I learned along the way: + +1. Just because you have a plan doesn't mean it's one that's suitable for you. My plan was coastFI while freelancing and it turns out I hated that life. +2. Take a practice run at FIRE (whatever aspect you choose). Even though things didn't work out like I thought they would, I'm so grateful I took the chance. I learned so much about myself and life. My plan needs adjusting now after I learned I probably won't make much money sidehustling and I like not worrying about a budget. +3. Things take time. I started job hunting in July semi-seriously and really ramped it up in October. I'm in IT in a pretty niche support role and it took a lot longer than I thought to get back to work. +4. Be picky. I had several offers that were ok, but I'm glad I was able to wait until a really amazing offer came my way. The only reason I was able to wait is because I wasn't super pressed for money. +5. Have more cash or easily accessible funds than you think you'll need. I left work with $25k in easy to access money and it wasn't enough. (especially with a stupid expensive rental property to mismanage). Nothing is as stressful to me as scraping the bottom of my checking and savings accounts. Cash is king. +6. Be willing to invest in yourself. I paid a former IT recruiter $100 to revamp my resume and offer suggestions on my LinkedIn profile. My new employer commented how much they liked my resume. It was the best investment I've ever made in myself. That $100 scored me a job paying roughly 6 figures and I'm not sure I would've gotten an interview without the revamped resume. + +I realize this all doesn't apply to the FIRE process but with any luck y'all will take this with the spirit that it's intended (learn from my experience!) rather than call me stupid for "trying to retire on $200k at 28" lol. Any questions or clarifications needed I'll answer in the comments. +The VIX yesterday fell to 19.78 - the first time below 20 since February. + +A lot of us started thetagang during this high volatility environment, and this is all we know. + +Of course, it is possible that this is just a temporary dip. However, I'm curious as to how you plan to adjust your trading strategies if the VIX and thus premiums continue to fall? +Hey friends, + +I keep hearing bonds have no return and aren’t worth it now. Wouldn’t this make it the best time to get them, when they are low? + +I’m looking to diversify between various indexes: stocks (USA/foreign/emerging), bonds, TIPS, commodities, REITS, crypto. + +Can anyone lend me any advice. +Also anyone know a good bond and TIPS Index? + +Thanks so much!!! +Its been almost 2 years and haven't found one yet. Ive been waiting and reading/studying for 5 years. Im super ready with everything set and just feeling frustrated. How long did it take you to find a place ? +...If you ever felt guilty about spending money +Ok more info. +32 f. Became a multimillionaire at 26. Doubled that now but I still have trouble spending money on myself. All selfmade through streaming ( webcamimg) + +I grew up really poor in a third world country with civil wars and people starving (including my family)so I think it has something to do with it. + +I was thinking of buying a used Suv around $30-$40k and I feel so guilty justifying a purchase like that for a depreciating asset. +I have never cared about impressing others and most of my friends don't know I have money. I'm not asking you how to fight the guilt but: + +For those that started from nothing: +When was the moment what you pulled the trigger and said FUCK it! It's time to enjoy life and enjoy the fruits of my hard work ? + +And most importantly was there anything specific that truly made you enjoy the fruits of your hard work? + +Edit: really appreciate all the replies. Yes I completely agree that my career has a short life spam and I am very aware of that. + +Have invested in rental properties that generate about 5k a month. + + I have most of my portfolio in stocks however but I pretend that money isn't there and just reinvest the dividends so the part about saving and investing was always something I took very seriously. + +I allocate around 4k a month for living expenses and most of the time I have money left over (I live in Mexico and have no mortgage so things aren't as expensive here) + +My question was more about the psychology of when you pulled the trigger to start enjoying life more. + +I used to be a workaholic and never took time off (felt guilty). +The last year I have decided to work less and improve the quality of my life by trying new experiences, spending more time with my son, and taking care of my health (which had been neglected by long hours of streaming and no time off) + +My problem is that there's still some lingering guilt left when I think about buying anything nice that depreciates (even if I can afford it) + +Also since a lot of you have been curious, maybe this will give you a perspective: https://twitter.com/kickazofficial +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Hello, + + +I can be summoned as: + +`$stock <stock symbol>` + + + +For example: + +`$stock GM` + + +# About me + +- I can only handle one ticker at a time. +- I calculate WSB's sentiment as follows: + + - Find all the threads containing the ticker in the last week (will probably change this to 24 hours) and get all the comments. + - Search for predefined words (e.g. for bullish, search for words such as buy, moon, yacht, call, hold etc) + - Rank them and determine bullish/bearish percentage. +- [F]irst time posting here. Please be gentle. + +As I said yesterday on another post.....to the people who are wobbling with their diamond hands because nothing good ever happens to them, your thinking is backwards. If that's true, then the odds and percentages say that you are due for some good luck! + +Buying more tomorrow!! + +💎🖐🦧🚀🚀🚀🚀🚀🚀 + + +Edit: Wow! I leave Reddit for 6 hours to go do some serious Pokemon going and come back to this response LOL! Thank you, thank you, thank you, for all of the kind words and wonderful responses as well as the awards! + +Remember, there are many different kinds of luck. There is that weird, out of the blue, one in a million chance luck that literally Is Random. And then there is another kind of luck that you are highly involved in. For all of you who put your hard-earned money into this adventure as well as have spent hundreds, if not thousands, of hours reading everything you could get your hands on to educate yourself about the stock market so that you can be a wise and educated ape just remember, this is luck that YOU created! So why the hell shouldn't you reap those Rewards? + +TO THE FUCKING MOON APES!!!!!!!!!!!!!! + +💎🖐🦧🚀🚀🚀🚀🚀🚀🚀 +https://ca.finance.yahoo.com/news/ontario-lottery-gaming-corporation-midday-195900208.html + +HUT8 after a great earnings report yesterday, has announced the purchase of new Nvidia miners set to be delivered May 1. This will open up new opportunities to mine other crypto currencies like eth. +Source: Barrons. + +Netflix this afternoon said it added a stunning 15.77 million net new paid subscribers in the first quarter, more than twice the company’s pre-coronavirus forecast for 7 million net adds. That number crushed even the most optimistic estimates on the Street. + + +NFLX revenues for the quarter were $5.77 billion, in line with the Wall Street analyst consensus at $5.76 billion, while profits were $1.57 a share, a little below the Street at $1.65. + +__________ + +What are your predictions short term and long term ? +Almost any investing post/topic is being banned over there along with users. I still can't believe this fraud shit got up to 15 billion market cap.. + +Haha just got banned: + +You've been permanently banned from participating in r/NikolaCorporation + +subreddit message via /r/NikolaCorporation[M] sent 2 hours ago + +You have been permanently banned from participating in r/NikolaCorporation. You can still view and subscribe to r/NikolaCorporation, but you won't be able to post or comment. + +If you have a question regarding your ban, you can contact the moderator team for r/NikolaCorporation by replying to this message. + +Reminder from the Reddit staff: If you use another account to circumvent this subreddit ban, that will be considered a violation of the Content Policy and can result in your account being suspended from the site as a whole. + +for "Proof - For those that believe." + +For those that believe in NKLA I think you should show proof. Do some screenshots and show the shares or calls/long you are doing. The calls are insanely cheap right now so would be no reason, even if you want to play safe with the stock you get a great buy in price right? + +So if you really believe in NKLA and stand by it like you are saying than do what others are doing and showing that believe it is not a great company or maybe something much worse by taking up short positions and posting the details of it. + +I think this could be valuable for this sub whichever way it goes. Either it goes in one way kind of aligned with the vibe of this sub or it goes the other, so why not? + +Look forward to seeing more +----------------------------------------------------------------------------------------------------- +Haha the sub is in melt down mode +So I'm sick of the fees associated with working with my financial advisor who has not been beating the market so I have decided I want to break up with him and start self directing. + +I've been self directing on my own small portfolio for the last 6 months to get the hang of it and studying investing techniques like crazy. My larger portfolio with my advisor has almost 100 investments ranging from stocks/ETFs to high fee mutual funds, to crypto, to REITS etc. I won't be actively trading, I mainly want to deal with ETF indexes and want to simplify the portfolio. I am 47 and working with around $750k CAD, down about $100k since I started working with my advisor almost a year ago. I'm really nervous about managing this myself, but I'm convinced I need to jump in and start. + +I would love to get any advice on my current portfolio that I have been working with in my self directed account: I know my fixed income is almost non existent and I'm maybe way to heavy on equity for my age, but I am planning on increasing my bond allocation once equities go back up, as I am buying as many equities as I can while things are on sale to lower my already high averages. I will also fill my RRSP with SCHD and VOO (50/50) for the USD portfolio. I won't have a pension, so I'm looking to build a monthly income in around 5 years when I will start working less, and then in 10 or so years I will want around $60k in distributions a year, but for now am reinvesting all distributions. I also have a rental property worth $700k CAD (all paid) that I will sell in around 5 years. Thanks for any help! + +EDIT: I'm mainly looking for advice on my portfolio picks below, I'm convinced about leaving my advisor and though I appreciate everyone's advice about advisors and their roles, I mainly want to get on course with my self directed portfolio and DCA into it until I retire, and want it to be a balanced. Are there any flaws or major overlaps below that I should know about? Any recommended additions? + +EDIT: My advisor isn't down 12%, the numbers above are the combined amounts from my personal portfolio and my advisor's portfolio. My advisor's portfolio is down just under 18%. Both my personal portfolio and the S&P are doing quite a bit better than that. The important thing to remember is that I'm not leaving my advisor because of his performance, but I wanted to point out the numbers just as an FYI + +https://preview.redd.it/qbk9eys4m7t91.png?width=1030&format=png&auto=webp&s=ecac627d9854b312265d3bd38f4e5e8a97dd311f +My employer is offering an RRSP matching plan up to $6k, it seems like free money. Are there any cons of contribution for the sake of RRSP matching? Thanks! +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! + +The situation in this sub has gotten a bit ridiculous. Like other subreddits, we need a random honeypot post. Use keywords we'd normally see in normal posts(DD, GME, DRS, Moon, etc etc) so draw the bots in, BUT, make it extremely clear in the title that commenting means an instant and permanent ban. It won't catch all of the bots, but the more we catch, the better. +Really sorry for posting it here, I thought it might help me considering how everyone here in-depth knowledge of how our banking system works, + +My dad received a call from SBI yesterday about them claiming to be SBI reps who called him to give him is 5k reward points (which was actually supposed to be due in June after a year of use on his Elite card) and they asked him for his card number for 'confirmation', my dad is a non techie who also suffers from adhd/depression due to his retirement so he wasn't able to call their bs and did as they told him to do. The money was transacted in some Mobikwik wallet, I have filled and sent the dispute form from SBI and am waiting for a response, is there anything else that can be done? Looking forward to all your suggestions, thanks in advance. +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. +Title. What are peoples thoughts on this? Lack of job opportunities seems to be the reason, meaning they can stay in education till things look more hopeful. Won’t this “devalue” the worth of a degree when job hunting? How will this affect post graduate job landscape and the economic outlook in general for young people. +I’m a bitcoin bull but I’m also not involved in this cult of “there’s never a bad time to buy bitcoin”. Ummm, yes there is. When it’s up 20x in a year why are you trying to DCA instead of taking profits? When we’re going through a recession and the fed did a rug pull, why are you buying a risk on asset? + +Do not buy crypto until either inflation has peaked and rate hikes have stopped. Any smart investor knows how to preserve their capital and sit on the sidelines. I know this sub hates FIAT but it’s king in situations like this. You need fiat to afford these gas/food prices, pay rent, e.t.c. Don’t DCA yourself into poverty. + +Bitcoin will eventually recover but it probably won’t be for another decade like Dot Com bubble. In the end I think this will be healthy since it can wipe out all the scams in the industry. The projects with actual utility will survive. Do not look at past models for bitcoin. This is the first bear market due to the macro environment. Wait for reversal instead of catching the bottom. Bitcoin will not recover until the stock market does, that’s not happening anytime soon. +"PEN IS STUCK - SEND ~~NUDES~~ HELP" + +Ok so on Weds 26th PEN announced trading halt for Capital Raise. + + If you had seen the [PEN mine update DD from 1 month ago](https://www.reddit.com/r/ASX_Bets/comments/n0901i/peninsula_energy_pen_mine_update_finances_cap/) you would have seen under Key Takeaways point #3 I said: " **There will likely be a capital raising of $12-$15mill to expand production targets**\*\* most likely to institutional investors like most companies have done." + +Almost nailed it, except I was expecting the " additional capital is set to be required to build future well fields ". Instead they are allocating $13.4mill to buy physical uranium off the spot market and then remaining few million $$ for "working capital" and to progress the Lance insitu leach mine project. + +But before we go any further on cap raising/SPP, here is a photo of what an insitu recovery uranium mine looks like from [PEN's website](https://www.pel.net.au/) + +[\\"you insert what where?\\" - PEN's ISR Lance Mine in Wyoming](https://preview.redd.it/2cecssav4s171.png?width=1881&format=png&auto=webp&s=a44d82bfcb713aaf679b98bfedb4346e6c047e8a) + +**In-situ Recovery (ISR) mining** is essentially drilling a number of bore holes into the bedrock below in a particular formation. You then pump a dissolving material (alkaline is common in US, but now acids are known to be more effective) - you pump the acid/alkaline solution into the ground and it dissolves the uranium minerals and other valuable by-products. you then pump it out of extraction wells (usually in the center with injection wells on outside ring) and you process the liquid solution to get uranium oxide - which is then put in barrels and sold to utility companies (power plants) who go and get it processed into Uranium fuel rods for their reactors. Ok ISR mining 101 ✅ + +[PEN's Recovered ISR solution process plant - quite simple and boring to conventional mining \(big rocks to little rocks\)](https://preview.redd.it/8gi1ls8r5s171.png?width=1842&format=png&auto=webp&s=fd2185d8eb664683197d56dcf5501e25eab2bc0b) + +# PEN's Capital Raise + +So Wednesday PEN announced they are raising AUD$15million. AUD$13.4mill was to be raised by institutional placement (i.e. sophisticated investors and fund managers - the big dogs) by issuing 89,335,163 new shares at $0.15 per share. + +They are then raising a further AUD$2mill (will likely end up being $2.3mill) through a retail placement known as a share purchase plan (SPP) at the same placement price of $0.15. YAY for PEN15 + +Raising a total of \~AUD$15.5mill (note i am presuming they will be both oversubscribed and they will increase by max 10% ). + +[28-05-2021 PEN announcement front page](https://preview.redd.it/b22bpfou6s171.png?width=930&format=png&auto=webp&s=69dc1af3b37ca9df6b9f9a7b0c115d7eaa9ffa70) + +**Why PEN are buying physical Uranium** + +https://preview.redd.it/oj1xolr27s171.png?width=940&format=png&auto=webp&s=3136f82c04d17d72dcaab311589d16fe971e8470 + +Ok so the big boys (funds and sophs) went in hard for the raise and it was well over subscribed. I believe they were even scaled back by 80%. i.e. if they wanted $1mill worth they may have only got $200,000 worth of shares at $0.15. But they play funny games at that level so lets not got there. Takeaway though was there was a lot of interest in the cap raise from an institutional point. + +# Retail SPP + +Now next week there will be more notices coming out for existing share holders that may want to participate in the retail share purchase plan (SPP). This is an offer to existing share holders that they can apply for up to **$30,000** **worth of PEN shares at $0.15/share.** + +BUT you won't be guaranteed that full placement. AND more than likely you wont get much more than 30% of it AT BEST (calling it here). Why? because just like the oversubscribed institutional placement, the retail placement is already showing a lot of interest - everyone thinks PEN 15 is a bargain again and wants a piece. + +So what are your options as a retail investor? + +1) Do nothing and just enjoy the day to day + +2) participate in SPP and hope you will get full allocation or part there of. + +3) buy on market 4) do both 2 and 3 + +**Indicative SPP timetable - how long you have to make decisions** + +https://preview.redd.it/06udybgc8s171.png?width=956&format=png&auto=webp&s=992c7765c6d9d4c814642abf46a6092ac6c81198 + +Personally I strongly believe the SPP will be over subscribed so if the share price falls close to raise price (or ideally lower but slim chance) then I will aim to buy some more PEN shares on market. Targeting parcels at $0.155. Yes thats higher than SPP and cap raise price, but atleast i am guaranteed to get what I intend to buy and not get scaled back. + +The benefit of the SPP is you don't have to pay brokerage. + +But I use sealfwealth as my online broker for trades so only pay $9.5/trade anyway. [Free 5 trades selfwealth referral link](https://secure.selfwealth.com.au/Registration/Plan/5/z9pQ6) if you like. + +Alternatively you can try sell some shares now at $0.16 and then participate in SPP to buy a portion back at $0.15. Just be cautious there may be a high chance it gets scaled back and you dont get the number of shares you desire. + +There is one more point if you do go down SPP path and its scaled back then if you have sent in say $10k and your allotment gets scaled back to $2k, they will refund you the extra $8k but it may take upto a couple weeks. That is a couple weeks you wont have access to those funds. Definitely need to be aware of that for any SPP you participate in that may be oversubscribed. + +&#x200B; + +Going forward the uranium market sentiment is really starting to get some interest and strong players behind it. All 6 of my uranium holdings are strongly green but real big money hasn't even entered the sector yet. So there is more uranium growth to come especially from a 1-3year time frame. though next 6-12months will be exciting too. + +Feel free to put your comments, questions and feedback below. I am also on twitter as "calculated-punt" + + May your tendies be radioactive and the bull's balls glow bright green ☢️☢️☢️ 🐂📈💰 + + +**You are invited to compete in the Inaugural ASX\_Bets Olympics Games** + +**proudly brought to you by** *(my love of)* **GlenDronach** + +&#x200B; + +**Opening Speech** + +(I’m not great at speeches, so I took inspiration from Pres. Hashimoto) + +In the presence of the mods, the Emperors of ASX\_Bets, I am pleased to welcome you to the opening of the Olympic Games ASX-Bets 2020 (sorry, can’t afford the rebranding costs for 2021). + +Following my spontaneous suggestion of the first ever Olympics in ASX\_Bets history, these games finally open here today. Hopes have been connected one by one by many hands (including /u/A_Anderson151, /u/Upper_Item_6641, /u/GlitteringFunction5 and /u/Tacomaster33), and we are now in a position to welcome this day. + +One day ago, when I decided to bid for the Games, we faced many profound difficulties, and were in mourning following some lost profits and the departure of some fellow members. At the time, the question arose about how penny stocks and redditards could best play a positive role in society. Today, with the world facing great challenges, some are again questioning the power of degenerates and the value of the market. + +Here we look to the vision of the futures and embody ‘Unity in Diversity’ in our portfolios. This is the power of ASX\_Bets. + +To the autists, thank you for gathering here. We have been encouraged by your commitment in spite of all the bagholding you’ve had to endure. As a fellow autist, I offer you my heartfelt gratitude. Step onto this stage with confidence. Now is the time to show the power of penny stocks and of autists like yourselves. I believe these strengths will bring hope to people and will unite the world. The gold is waiting for you! + +Now I will do everything in my power to make this Games a source of pride for degenerates to come. + +Thank you. + +&#x200B; + +**Olympic Events** + +The winner in each of the following events will be awarded a reddit gold coin at the end of the week. + +\- Pole vault (highest percent rise in a day – on any particular day of the week) + +\- Best dive (largest percent fall in a day – on any particular day of the week) + +\- Gymnastics (most flips from closing red to closing green and so forth during the week – tie break goes to the one that lands standing i.e. green) + +\- Marathon (most green days in a row – tie break to highest weekly percent rise) + +\- Synchronised swimming (two stocks that have moved in unison – i.e. same percent up or down at the end of two consecutive days – emphasis on ‘moved’ no greys allowed) + +To enter in an event, nominate your chosen stock and which event you are entering it in (or stock duo for the final event) in the comments section below this post. + +I will put up a new post on Friday 30th calling on any participants who think they have a chance at the gold to post their entrant(s), event and best performance (e.g. include the day and percentage rise/fall) in the comments section of that post. You must submit this by midnight on Friday 30th to be declared a winner – yes, the onus is on you to track your stock because … well, because I don’t want to. + +From there, I will determine the winners on the weekend and make a post declaring them as such. If, in the likely event, I have made an error and you believe you should be the true recipient, just add a comment to the winners post and I’ll look into it. I’ll give it a few hours before sending out the gold to allow for an appeals process. + +&#x200B; + +**Rules** – might have to make them up as I go, but for now here’s what I have: + +1. You don’t have to own the stock to participate. + +2. You cannot make multiple entries. + +3. You can choose to enter all events or just one event. + +4. First come - first served. You can’t have the same stock in an event as someone else. + +5. Your nominations must be in before 7am on Monday 26th to compete. + +6. You cannot edit your entry comment. + +7. You are responsible for submitting your best entries to me by midnight on Friday 30th to be in contention to win the gold. + +8. In the event of a tie, the first entrant to have joined the game will be declared the winner – early tard gets the gold. + +9. Don’t send direct messages to me, just put a comment with a link to my username. + +&#x200B; + +Let the games begin … +Hello everyone, nice to meet all of you (virtually.) I am a 21 year old nursing assistant so I make $20 an hour. (I will be making 40+ an hr after graduating) I am blessed enough to not have to pay rent as I live with my grandmother, but do have a car payment. I have started a investing $200 a month in an IRA with Primerica investing. Yes, I know about Primerica now. I am considering switching to vanguard. Now that you have a little background of my almost nonexistent financial portfolio, I am asking what financial advice would you give yourself as a 21 year old? If possible, what advice would you give me about being financially independent by 35? +Thank you everyone for sharing +Europoor here bored in the morning until pre-market opens. + +ONCE again props to u/criand ! He brought me the idea and then I found his comments to even expand my idea with all of his wrinkles. + +TLDR: T+21 theory might hold when shorts decided not to deliver cause of 005 in place? Furthermore this would cause a forced delivery by T+4 or T+6. Popcorn stock getting on threshold list could be an indicator for GME. DANG! Edited criands thoughts about this! Probs go to him! + +I was sliding through my Reddit feed when I noticed some interesting posts. + +One was about popcorn stock entering threshold list on the NYSE. This seems to be the case when FTDs pile up too heavily on multiple consecutive days. Might this be a sign for GME aswell? Will we enter the threshold list aswell very soon? Maybe. Only time will show. + +Then I read a comment of u/criand in which he explained that FTDs coming from short-marked shorts have to be satisfied within T+4 days. When I recall it correctly the T+21 day was on Thursday (last week) which brings this Wednesday as the T+4 for possible FTDs out of our T+21 cycle (30th June.. hm.. doomsday triggered by forced deliveries from T+21 and T+4?!) + + +Master mind u\criand also said that this time period for long-marked FTDs is T+6 what would be Friday this week. + +Then I thought: +Why now? Why did our T+21 Theory pop just now? +Maybe a rule which came into effect over the last weeks changed something (005 is that you?!) and shorts decided not to deliver on T+21?! + +I don’t exactly know what is happening and if I got it all right. As I said I am bored and waiting for pre-market to open. But I wanted to post some of my thoughts and maybe someone can pick them up and develop them further?! + +Please correct me if I am wrong. I will Edit my sources if this thing gains traction. Since I am on my phone, this would be a major pain lol. + +Not financial advice. + +Edit: Damn! I was searching for Criands comments to put them here and what I found was even better than the initial comment I saw of him!! + +Check it out: +https://postimg.cc/pyWCxVM3 + +https://postimg.cc/cr6cgDHm + +https://postimg.cc/jCMXjVs2 + +https://postimg.cc/3d6Fgg0H +Hello guys, + +Sorry for asking this question that was most likely asked again. + +I am an EU based investor and i would like to invest >100k € in IB in 2-3 ETFs with one time purchases. Can you please help me untangle the huuuge commission page they have? + +How much is the account maintenance fee? Again, I plan to deposit the money once, buy ETFs and that's it. + +How much does it cost to buy an ETF? It's percentage based or fix amount? + +If i only buy once, in the first month, those >100k € , will i have any monthly costs? + +If the ETF has accumulating dividends, does IB hold any tax for where the dividend based company is located? So i can generate a transactions report and give it to my national authority? + +Thank you very much for your time. +I inherited stocks from my grandparent about a decade ago. They are managed by Edward Jones, and I have left them there since. They've had a return of almost 300% over that time, reinvesting all my dividends. I see a lot of people talking about how the commission business model is needlessly expensive. The only times I've ever been asked to approve decisions were when I inherited the account (everything was in one stock and needed reallocation) and when I had to change advisors 5 years later. So I assume no real work is going into my account, or at least not enough to justify the commission. + +I don't know anything about stock investment though, and I don't want to jump into the world of managing it myself. I am nervous about moving such a large chunk of money (the majority of my assets by a mile) that I don't understand the mechanics of and keeping it safe (EJ's target demographic I assume). What are the best options for someone like me? + +If more info helps, I can answer any questions. + +Edit: it looks like some people interpreted quadrupled as a 400% return. I meant my initial investment is now 4x larger than it was, so actually 300% return +We've been climbing fast clearly were hell bent on taking back our second place title. But is there any news speculation coming out that warrants this run? Im not exactly trusting of this surge just interested in hearing your thoughts +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) +Brainchip are doing a demo on Tuesday at a summit. + +It only makes sense that the big announcement that we are waiting on (read my DD post) is going to come out tomorrow or Tuesday morning. + +This is your last chance to board the rocket ship boys. +**BIG DICK SUMMARY:** + +There was a halt on June 2nd 2021 for popcorn - I'm speculating a share offering was used unlawfully to dramatically kill the price rise to avoid popcorn hitting $100 or to reduce the chance of another popcorn halt to avoid GME share prices going stratospheric - [*required DD*](https://www.reddit.com/r/Superstonk/comments/nqzo1o/i_got_what_you_quant_6221_trading_analysis_and_a/) + +And our buddy *Jenny Craig Dick* knows about it! + +**OP:** + +There once was a wall street veteran named [Jonathan Craig Rich](https://www.linkedin.com/in/jonathan-rich-07158a3/) who submitted an ***"i got caught and i ain't sayin shit"*** letter [to FINRA](https://www.finra.org/sites/default/files/fda_documents/2019061652403%20Jonathan%20Craig%20Rich%20CRD%202271478%20va.pdf) accepting the penalties for not providing testimony relating to why he was *"resigned"* from his positions as head of investment banking at affiliated financial firms - **B. Riley Securities** and **National Securities Corporation.** + +&#x200B; + +[What a go getter](https://preview.redd.it/af21z6gc9a791.jpg?width=954&format=pjpg&auto=webp&s=ecf32b2808b607e613b238db91ced3dd5ae8deb8) + +It turns out [B Riley Securities bought up National Securities](https://www.yournational.com/news/2021/02/25/tender/) early last year - the earliest reference to the deal [happening on Jan 11th](https://www.prnewswire.com/news-releases/b-riley-financial-to-acquire-national-holdings-301204990.html), 2021. + +But, B Riley Securities? Where else have I seen that before...oh yeah - ***they were the underwriters for POPCORN's at-the-market share offering (along with citibank lul) that happened on June 2/3rd, 2021(***[sauce](https://www.entrepreneur.com/article/373637)***).*** Our buddy ***Jon Craiggy-Apple Cock*** got his gig as B. Riley underwriting top-dog a month before the offering was sold to **Mudrick Capital.** + +Anyone who has been wasting as much time as I have learning about the financial markets since the *idiosyncratic sneeze* would likely remember that June 2nd was the day that POPCORN was halted for the first time after some new regulations took affect. At the same moment it was halted, GME **SURGED.** Anyone who missed out, here are [the mathy details](https://www.reddit.com/r/Superstonk/comments/nqzo1o/i_got_what_you_quant_6221_trading_analysis_and_a/) (***disclaimer: i haven't double-checked any of it - i'm retarded)*** and a [screencap of the event](https://preview.redd.it/m1cobx06mx271.png?width=1742&format=png&auto=webp&s=b67c7001e7d83734bf1a8c321208cc1c5c301b60) (thanks u/myplayprofile) + +Who gives a shit, you might ask? Let's see the reason *'dick'* was honorably shitcanned: + +&#x200B; + +[you don't say? and what is that again?](https://preview.redd.it/kzk8kegs7a791.jpg?width=745&format=pjpg&auto=webp&s=fcf1a2fae8f0ac5f87c3ba3c6696cabcdf850c41) + +If you look at the entire FINRA letter, it takes pains in never naming *"the other member firm that is an affiliate of National" -* however, if National is a subsidiary of B Riley, violations could still fall under B Riley's responsibility. It's also strange that this action emerges from a cycle examination of National from **2018**. If concerns were in their records since back then about Regulation M, and POPCORNs share offering is governed by Regulation M...... + +Nah. No way. It's not like Regulation M governs share offerings or underwriting rules or...messing with POPCORNs price volatility. + +Oh wait - that's exactly a part of what it governs. + +In short, it governs rules for underwriters and short selling and covering short selling and...well, here's the long version: + +[ugh](https://preview.redd.it/ze3f4h6v7a791.jpg?width=792&format=pjpg&auto=webp&s=eb7b3ec0076cec53ade6c8149dab3c64ae0c796b) + +**Hold up** \- wtf is *stabilization transactions?* + +According to [a guide:](https://www.lw.com/thoughtLeadership/regulation-m-guide-faq#:~:text=Rule%20104%20provides%20that%20it,the%20provisions%20of%20Rule%20104) + +&#x200B; + +[WHAT DOES IT ALL MEAN?](https://preview.redd.it/wsnmux7w7a791.jpg?width=829&format=pjpg&auto=webp&s=68e72948484b39daf4b45697a802bcfa9a8a329c) + +*Syndicate Covering Transaction? Stabilize?* + +&#x200B; + +[well just give me the answer then, why don't ya](https://preview.redd.it/50xwk61x8a791.jpg?width=794&format=pjpg&auto=webp&s=b37f047f559b69f7543ebc0c969109d5b6d2852e) + +There it is. It's spelled out. Do you see it? + +*"to reduce a short position"* + +**TLDR/Theory:** + +Some firms were short POPCORN. Bad. Other firms used POPCORN as a hedge against GME with some fucky derivative swap or algo trading. + +In either case, during a restricted period, the underwriters of POPCORN might've violated Regulation M, and specifically Rule 104, to avoid a price surge in both POPCORN & GME on June 2nd. + +# But don't forget the only undeniable fact about this post: + +***"i got caught and i ain't sayin shit" -*** *jonas 'crabby-craig' dick* +Hey Eli Buyko here, + +&#x200B; + +Last year I ended up profiting +$89,701.61 or +94.58% on the year selling futures options(See full post here): [https://www.reddit.com/r/thetagang/comments/s1u07g/repost\_my\_futures\_options\_selling\_results\_for/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/thetagang/comments/s1u07g/repost_my_futures_options_selling_results_for/?utm_source=share&utm_medium=web2x&context=3) + +Some people were under the impression I live off of that, well I most definitely don't haha! + +This post may be a bit discouraging for some but I think it is incredibly hard to live off of the market, regardless of trading style! + +Of course it depends on your expenses and so on, but I have a wife, newly born boy, two cars on lease and rent a house! Add all the bills and other expenses like food and we are at around $5,500 USD per month (I live in Canada).(I don't complain, just want to show a realistic live situation for families) + +&#x200B; + +For me with my account at $184k at the moment, take out $5,500 per month from the profits will completely kill my progress or at least considerably slow my growth process! + +Another issue that I have with that is honestly I can't trust the market to pay my bills at this point! I don't know what tomorrow will bring, I am here to take whatever the market is giving me but that is all I can control as an options seller! + +Maybe this is just something I deal with and others can trust the market easily! + +Lastly I think my opinion on this topic is biased because I had help with trading, the gentleman that helped me was in his late 50s and he was a true millionaire from selling options!He told me to try and create multiple income streams that are not related if I want to have peace of mind, and then when my trading account is big enough I can play around with what I want to do next, but how big did he mean? Well he said around $1M haha, which is obviously a lot!! + +That gentleman bought his house without a mortgage, as well as his cars and other belongings! So in my mind that is the image I have of how to live off of selling options! + +I follow his advice and we have a small family repair business in Toronto that pays the bills while the trading account grows, but let me know what are your thoughts on this? + +And maybe you live off of the market and can give your take on it? + +&#x200B; + +&#x200B; + +Thank you 🙏 + +Eli Buyko Futures Options Selling +MEGATHREAD for all and any posting about AMC. Keep it civil and cheers to everyone hopefully squeezing the shorts 🚀🚀🚀 + +Edit: Other short squeeze plays welcome to be posted as well 🚀 +How true are the claims mentioned in this blog: [https://blog.smallcase.com/smallcases-versus-equity-funds-how-a-smallcase-is-better/](https://blog.smallcase.com/smallcases-versus-equity-funds-how-a-smallcase-is-better/) + +Is it too good to be true? Does the initial charges incurred by purchasing a small case, offset due to advantages and flexibility to dynamically change stocks in the long run? +https://etherdelta.com/#0x514910771af9ca656af840dff83e8264ecf986ca-ETH + +For those of you who don't know what chainlink is: +It solves the oracle problem, allowing smart contracts to access external apis. + +Vitalik tweeting about it: https://twitter.com/VitalikButerin/status/742858816383942656 + +Facebook's director of engineering Evan Cheng joined ChainLink as a technical adviser recently + +It's at Sibos, October 16th. Massive financial conference in toronto + +https://www.sibos.com/conference/conference-programme/bridging-dlt-and-swift-messaging-smartcontractcom-innotribe-industry +Credit cards are notorious for having large late fees that are charged for being even 1 day late. I had surgery and forgot about a payment that was due a few days later. I realized the day after it was due and promptly made the payment but, was still charged with a $40 late fee. I’m starting to budget my expenses and being a single income household that $40 could pay another small bill. So yesterday I sent a message through the card companies online portal just explaining that I forgot due to having surgery and asking if they could refund or lower the fee this one time. And I just received a response from them and they are refunding me the entirety of the $40. +Yay for small wins! +# 🚀🚀Watch the hearing live [HERE](https://youtu.be/vX2X8xxHEns) 🚀🚀 + + +**Also, If you haven't already, GO VOTE! Afterward, you can let us know and we will give you a special flair!** +Welcome to 🌕 MoonPuppy 🐩 | DxSALE Presale Filled in One Minute! + +&#x200B; + +MoonPuppy is a fully decentralized and community driven token that focus on MoonPuppy moonshot mission through its smart contract features and community action. With the strong bond between community members, we aim to make a strong community that able to collaborate and participate to reach community's goal. + +&#x200B; + +This project isn't build as is, but we planned for something bigger. A growing community, development, marketing, and partnership will be the key to make a breakthrough on this project. We're not aiming for a one-night pump, but a healthy growing value of MoonPuppy project. + +&#x200B; + +Tokenomics 🐩 + +Total Supply: 1 Quadrillion (Half Burn ([https://bscscan.com/tx/0xec57e04b50950e99325df5199517e4fc5c2481dff44a6bbddaec330dc18abed7](https://bscscan.com/tx/0xec57e04b50950e99325df5199517e4fc5c2481dff44a6bbddaec330dc18abed7))) + +&#x200B; + +10% Tax Fee: + +5% to LP + +5% Distributed + +&#x200B; + +\#SAFU✅ + +Verified contract ([https://bscscan.com/address/0x0031046d99ac414181590a1b677ae8993eb068bd#code](https://bscscan.com/address/0x0031046d99ac414181590a1b677ae8993eb068bd#code)), zero dev token, renounced, and rest token will be burnt! + +&#x200B; + +Twitter + + ([https://twitter.com/MoonPuppyBSC](https://twitter.com/MoonPuppyBSC))Reddit + + ([http://reddit.com/r/MoonPuppyBSC](http://reddit.com/r/MoonPuppyBSC))Medium + + ([http://moonpuppy.medium.com/](http://moonpuppy.medium.com/))Litepaper + + ([https://docs.moonpuppy.space/](https://docs.moonpuppy.space/))Website + +([https://t.me/MoonPuppyBSC](https://t.me/MoonPuppyBSC)/) Telegram + + ([https://moonpuppy.space/](https://moonpuppy.space/))Contract + + ([https://bscscan.com/address/0x0031046d99ac414181590a1b677ae8993eb068bd#code](https://bscscan.com/address/0x0031046d99ac414181590a1b677ae8993eb068bd#code))Pancakeswap + + ([https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x0031046d99ac414181590a1b677ae8993eb068bd](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x0031046d99ac414181590a1b677ae8993eb068bd))Chart +Hi everyone , + +I wanted to have an open discussion on whether you think cryptocurrency is basically gambling as there is a risk just like any stocks or market that you put your money into. + +We’ve heard over the past year especially that one should invest into crypto as it’s a way of helping your finances in the long run. + +Please feel feee to share your opinion on this. + +Thanks for your time. +So this weekend my wife checked our bank account and found we had $2000 worth of charges from Stamps.com that we did not make. ~~Two years ago~~ A few months ago she signed up for their service for some shipping but found it cheaper to use the Post Office. Well sometime Friday night someone got into her account (using an old password she hasn't used in years) and ordered $2000 worth of labels in increasing amounts. First $30, then $110 then $300 and so on and so on. Since stamps.com doesn't have any after hours support or anyone on site with the holiday yesterday, they claim there is nothing they can do and all the labels/postage have been printed. + +We called our bank, disputed the charges, had the card replaced and now we have to wait up to 10 days to get the $2000 back to our account. + +While on the phone the rep lectured my wife about proper password safety and actually said "If you watched the news you'd know this is a problem". Wifey says it sounds like the rep was reading from a script so this is likely not an isolated issue. While doing some quick googling this weekend we found more than a few people reporting the same issue this week. Seems like this was a coordinated effort to coincide with the holiday to limit people's ability to fight it. + +So, learn from our mistakes. + +1) Never reuse passwords. Ever. The last few months we have been diligent about this, but we created this account a few years ago and forgotten about it. + +2) Don't use your debit card for online purchases. Use a credit card because while you fight unauthorized charges you're not eating ramen for 4 days while you sort it out. + +3) Do research on businesses before working with them. Stamps.com has a less than stellar reputation for being proactive about dealing with fraud. + +Edit: Changed account creation time frame. +I love to golf. Unfortunately, my schedule does not love me golfing. With family and work, I have very few opportunities to make my way to the course and spend the 4+ hours there. Enter my somewhat crazy idea... buy a golf simulator. I'm not talking about the ones that run a few grand and aren't particularly accurate. I'm thinking of spending the $50k+ for a top of the line simulator. + +Obviously, these aren't accessible to most folks (hence why I'm posting here) and would likely be the only meaningful chance I'd have to golf on a regular basis -- maybe an hour or two at a time. It also seems like it'd be a fun way to host friends, have a bit of side action while watching a game/grilling, etc. For those (if any) who have used and/or own one, was it worth it? Do you find yourself actually using them? I'm aware there are golf sim communities online, but asking them is like asking an audiophile about headphones -- the expectations and desired features are just completely different. I'm looking for casual fun that's accurate, not to fine tune my swing or anything. + +Aside: I understand this is a very niche topic, so I completely understand if the mods close this. +I'm doing my life to do list. +I've divided it into 4 parts: Monetary, Personal, Travel and Experiences. + +In my list experiences are things like driving an F4 car, do skidiving, visit a Six Flag, Eat in a 3 star Michelin, Bunjee Jumpin, Try a Yatch Trip, Use a private jet, Tour on a Hot Air Baloon. + +I'm looking for some more inspiration. + +What are the best Experiences you have ever done? And what are the ones on your to do list? +It's been an absolute mammoth news cycle today: + +* NSW closing non-essential services +* VIC closing non-essential services +* $66 billion stimulus package announced +* SA closing borders + +I'd presume a massive slide on open, but what the fuck do I know given the market's volatility over the past few days. + +----- + +EDIT: markets open, and ... here ... we ... go + +- 10:10am : -8% +It's been an absolute mammoth news cycle today: + +* NSW closing non-essential services +* VIC closing non-essential services +* $66 billion stimulus package announced +* SA closing borders + +I'd presume a massive slide on open, but what the fuck do I know given the market's volatility over the past few days. + +----- + +EDIT: markets open, and ... here ... we ... go + +- 10:10am : -8% +Apple is pumping up benefits for [workers at its stores](https://www.bloomberg.com/news/articles/2022-02-08/apple-ups-benefits-for-retail-workers-in-tightening-labor-market?srnd=premium) as hiring and retaining them become harder. Both the tighter labor market and ongoing pandemic are driving the decision by the iPhone maker, which has about 270 retail stores in the U.S. + +*Changes to benefits include:* + +* Doubling the number of sick days for full- and part-time workers and allowing them to be used for mental health and family caregiving. +* Increasing vacation time (beginning at 3 years instead of 5) +* Extending paid parental leave to part-time workers and giving them access to backup emergency care + +A bit of a shame that it takes a pandemic and massive exodus of talent to get big US companies to shift a little bit closer to the benefits offered to employees in most other developed countries. + +Full non-paywalled article: [Verge](https://www.theverge.com/2022/2/8/22923719/apple-store-retail-workers-sick-days-parental-leave-benefits) +Did you notice, that with the immense growth of the sub, the knowledge level sharply declined? + +My theory is that instead of lame FUD spreading oneliners, a lot of sleeper shills are now among us. + +Posting wrong info knowingly, (asking basic questions), downvoting corrections of misinformation and hyping stuff, that is already debunked. + +The new FUD, imo, isnt in your face “SeLL” “sHoRts R cOvErEd”, but rather making subtle statements, that make an informed investor question the integrity of the whole sub. + +EDT: happy some of you agree. Some late examples: upvoting the hell out of the “corrected” exponential floor, downvoting people pointing out russell 2000-1000 adds sell pressure (historically in most cases) and/or that etfs that track russell wont buy shares in AH (would be ludicrous with the spread of ask bid in AH and the amounts those etfs need to trade), but in most cases monday at market, platant goal post moving (t+21 affected by juneteenth lol) + +The last one is a great example. For me, having no noticeable spike on t+21 is not as bad as seeing people try to rationalize the fuck out of why there wasnt.. + +Same with the expo floor. So what it broke? If sum 90% die at a drug trial, u dont go “well if they wouldnt have died, the drug would be 100%effective” + +*Easy to hype up date - suppress the anticipated- and then move goalposts. +You FUD the gullible (nothings happening) and the knowledgeable (Wait, moving the model to fit the chart? Thats delusional, wait a sec... what else is?!)* + +Nice sideeffect for the shills, this kind of FUD is untraceable by Satori. + +Edt2: my impression of this sub was deteriorating fast, everyone who came to my post with their input, really helped not feeling lost here, thanks guys, happy im not alone in feelin this way! Been holdin since December and ofc i will continue, i will however be takin this sub more lightly, and not engage in trying to put things right, cuz apparently, the real ones, you guys, know exactly whats what anyway 😍 + + +💜 +Title says it all! My wife and I lived on the west coast and I had to leave my job (internship expired). We were running shorter and shorter on cash and were forced to break out our credit card to stay afloat for a while. We used it for rent a few times (big no-no) and for lots of other things. We were both miserable out there so we moved to the midwest in June of 2018. By the time the move was over, we had about 4k racked up on the card. We both found good jobs after our move, and I wanted this debt gone. This morning I made my last payment of 400 dollars and we now have a 0 balance on the card! Now we can actually start putting some money away! + +Edit: on mobile, spelling and grammar issues. +I've been having a tough time watching this "options = evil" dialogue play out, for two reasons: + +1. There's a complete lack of intellectual curiosity for how they work. +2. There's a sentiment growing where a vocal minority is trying to tell others how to invest + +To address the lack of curiosity about options - don't you want to understand what other instruments we have to inflict pain on our enemies? And even if you decide not to participate, don't you want to understand how our enemies are using options directly against us? + +* Guys, you know why Friday played out the way it did? The SHFs dropped the price by shorting the stock as much as possible to get their puts to be ITM, or in-the-money. They made $112 million off those puts. A put is an option that the price will decline in value. +* On the flipside, you've probably heard about gamma ramps. The SHFs and Citadel the market maker have been dodging gamma ramps for the last 6 months. Why? They could easily cause MOASS. By daisy chaining exercised call contracts together, we have the ability to require them to delta hedge, and when they haven't hedged properly, they need to buy the shares in the open market. As these calls get exercised and the price rises as a result, this is a gamma squeeze, which can eventually lead to MOASS. + +To address the badgering of those who DO want to try options - what is your reasoning? First of all, it's my money and we are all individual investors. Second, my sense is that one of the following is a justification, but none of them make sense to me: + +* You see options as a distraction from DRS. Yet DRS is going to take months, maybe a year to lock up the float. I've DRS'd everything I can - now what? Am I supposed to badger others to DRS, if they don't want to? Eventually, we'll hit a point of diminishing returns on DRS. This is also a multi-phased battle - you can take two tactics to win. +* You see options as giving premiums straight to the market maker - that might be true for bad weeklies or monthly plays, but for longer dated (3-6 months, or Leaps) call contracts near the money or slightly out of the money, you're not taking on that much risk. + +You're free to express your opinion, but I don't think it's fair to shut down the discussion around it, and I don't think you should be badgering others who want to use another tactic that has been proven to work with the VW squeeze, when Porsche locked up the float partially using call options. +**Kernny's Citadel Bonds started taking a dump the last three months - they also had a huge swing during the sneeze - this is proof that the street and investors are starting to sell Citadel Bonds - LMAYO - the end is near....** + +Source: [https://cbonds.com/bonds/609139/](https://cbonds.com/bonds/609139/) + +International bonds: Citadel, 4.875% 15jan2027, USD +USU1569XAB11 + +These are 2027 bonds that pay 4.875%. The total size of the debt is $500million. + +[3 month chart of Citadel 2027 Bonds... Weeeeee](https://preview.redd.it/d1j1h7joo1f81.png?width=1876&format=png&auto=webp&s=5cb299ab218325ff2a055b5a34533cb36b8ad240) + +[Everyone recognizes this chart.... ](https://preview.redd.it/on81do1to1f81.png?width=1898&format=png&auto=webp&s=814237edc45d4c480971fddc86a230bac5261ee9) + +It tells me that the smart investors knew Citadel was royally f##### during the sneeze... + +**TLDR: Investors are starting to dump Citadel Bonds... Lololololol... Citadel is Fucked... Posting for visibility...** + +[Bond Info](https://preview.redd.it/2rh5a21gp1f81.png?width=1910&format=png&auto=webp&s=e1882d239fe9aa26acf40739385d8fd09470818f) + +**Borrow rate starting to move up - whats up with that??? MOASS incoming...** +I browse this sub to get information about Canadian stocks, but the top post is a screenshot of a Facebook post and people engaging in pointless arguments about housing. This has been an increasingly common pattern in recent weeks. + +These posts aren't any more useful than discussions about microcaps, which are understandably banned on this sub. Honestly, I would prefer those discussions over rants about housing that inevitably won't go anywhere. Keep that stuff to /r/canadahousing. +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. +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.** + + +Hey guys! + +I wanted to discuss my success in being able to limit losses and actually profit off of market corrections as well as make money during the time the market runs up. + +However, I first want to say, I didn't get it on my first try. The first major correction I experienced was mid-July. + +July 13th: portfolio at 300%. July 16th. portfolio at 200%. Yep a correction knocked off a full 100% off my portfolio. The 2nd one was early July. That one also knocked off about 90% off my portfolio. + +So, at this point, I did what any sensible human would do. Knowing that the market would continually seeing corrections, I wanted to know what the best option would be so I can actually capitalize on this. Options are all about timing, and I needed to make sure I was prepared for the correction before it tore through my portfolio and it was too late. I didn't want to approach each correction the same way and expect a different result. Running into a brick wall over and over again will have the same consequences. So, in other words: **How can I successfully short the fuck out of these stocks when they have major corrections to roll some BIG coins?** + +I stalked and learned and did some research. Market starts its run again and the next thing you know, it's the exact same trend. NASDAQ been green for 10 days. market feels stretched. So this time, I didn't wait for the market to correct and burns my calls, I shaved off a lot of my calls earlier, and loaded up on puts on the major core names (AAPL, FB, NFLX, etc.). However, I kept my long options. I usually have options that I'm long on, about 2-3 months out. So, I usually let these calls run while adding puts. Anyways, 2 days later, market slumps and comes running down and my puts fly. I'm selling puts while rolling the profits over while adding more. + +I don't want to say I made this post to teach you guys, because I am a very new and amateur trader, BUT, I did want to share my experiences and some valuable lessons I learnt in my road so far of trading options. Rolling coins using options is incredibly hard, but one of the biggest things I realized is you learn the most when you're on the market, watching and analyzing trends, and playing options; nothing beats being in the market for experience. I've only been trading for about 4-5 months, but I'm in love. I'm hooked. Maybe it fades away, who knows. But for now, I'm loving this, even when I'm losing money and having red days, I take it as an opportunity to learn and when I make bad trades, I add some rules to my notes. + +Options are very difficult. I've been doing it every single trading day, from open to close every damn day since May, and I still feel like an amateur. The biggest piece of advice I would like to give tho (take it or leave it), is always, ALWAYS follow the market. do not think you're smarter than it. do not try to outplay it. I learnt that the hard way. I hope this post was of use, and if you have any questions or comments or anything to say I'd love to hear about it in the comments. +*From the court case NO. 21-2989-MDL-ALTONAGA/Torres. Section 413.* + +"The Clearing Defendants, similarly, had reason to participate and join in the conspiracy. NSCC is a member driven corporation. + +Member clearing agents report the trades they receive to their parent organization, the DTCC. The DTCC then **ensures the transfer of money to the seller’s broker** account and the transfer of security ownership to the buyer’s broker account. + +To mitigate the risk of settling trades, the DTCC requires that NSCC member clearing firms put up collateral, which the NSCC member clearing firms typically pass down to brokerages. + +The DTCC collateral requirement changes depending on the perceived risk of the Case 1:21-md-02989-CMA Document 416 Entered on FLSD Docket 09/22/2021 Page 119 of 137 118 order, since if one side of the trade defaults, and the broker cannot cover the loss, DTCC member firms are on the hook for completing the trade." + +**TLDR:** + +"In other words, **if a member became bankrupt, DTCC and its member clearing agents would be on the hook for the short positions taken by that member.** " + +[Link](https://storage.courtlistener.com/recap/gov.uscourts.flsd.590042/gov.uscourts.flsd.590042.416.0.pdf) + +Thats it, drink water, get your sleep, stay relaxed and have a great weekend! +Hi, I just parked some lump sum money in DSP Government Securities Fund a couple of months ago and it is giving some crazy returns of 14.4% annualized so far. is this normal for Gilt funds? When I look at G-Sec or T-Bills on Zerodha, they don't return so much. Surprisingly, this DSP Govt Sec fund has returned 8.22% annualized over 10 years. Looks like it has at least returned as much as Nifty in any year between 1 to 20 years and when Nifty has been negative, this has still been positive. + +What am I missing? It can't be this simple. It seems immune to inflation, stock market and everything else. + +[DSP Government Securities Fund](https://www.valueresearchonline.com/funds/663/dsp-government-securities-fund) +# Moats, Barriers to Entry, and Returns + +# + +**Most stocks are losers** + +Unfortunately, in the long run, most stocks are losers. Capitalism and competition work and bring down excess returns. Without significant barriers to entry, winners become losers over time.Since 1926, most stocks have had negative lifetime returns, which shows that holding stocks "forever" is incredibly risky. + +Holding quality compounding companies for extended periods is a great way to generate large returns over time, but holding "forever" is a romantic view. + +It also means that 60% of stocks do no better than Treasury Bills, showing that picking stocks is a worthwhile skill. + +&#x200B; + +**Moats and barriers to entry protect companies** + +Warren Buffett believes investors need to find businesses with economic moats. This is something that protects the business from other competitors. A moat can be something such as Apple's ecosystem, or Coca-Cola's branding. If you had £1m to hurt Coca-Cola - you wouldn't be able to do any damage.The problem is, investors find moats everywhere. 93% of us think we're above average drivers. How can that be? + +The moat also is defined by different people as different things. Intangible assets, switching costs, network effects, cost advantages, efficient scaling, are all potential moats. + +Despite me mentioning Coca-Cola earlier, brands **aren't** moats. It's what they have, or what they do, that is the moat. Coca-Cola owns almost everything bottled. Go to a vending machine and most of it is probably owned by The Coca-Cola Company. Their sheer size and scale is what makes Coca-Cola what it is, along with them selling syrup and not actually bottling themselves. + +&#x200B; + +**High market share isn't a barrier to entry** + +Think of Kodak who went bust because they preferred to rely on their cash cow of film. One of their engineers invented the digital camera but they left it. Eventually, Kodak went bust. Just because a business owns a large part of the market, doesn't mean that someone else can't just come in and take it. Blockbuster laughed Netflix out of the office when they pitched a buy-out. Netflix is now a FAANG stock. Blockbuster is history. + +Dollar Shave Club made inroads against P&G's Gillette because the market leader was caught napping. + +The P&G formula was basically: + +1. Spend huge amounts on R&D to come up with superior products +2. Dominate finite shelf space +3. Spend more than anybody else on marketing + +Dollar Shave Club were able to fight back because + +1. They had viral marketing on social media - negative the marketing spend of P&G +2. Razors were already good enough +3. P&G could dominate *finite* shelf space, but not the internet + +High market share is a good position to be in, but it does not prevent disrupters coming in and taking swathes of that share for themselves. + +&#x200B; + +**Low cost strategies don't prevent competition** + +Low cost is also not a moat. How many discount supermarkets are there? How many low-cost airline carriers? Low cost can be an effective strategy, but rarely a moat. Unless you are the low cost leader, being a discounter means very little. + +Ryanair has a moat because it is able to price its sale price per seat below the operating cost per seat of many of its competitors. It is the ultimate low cost carrier, and benefits from scale in negotiating with suppliers. The other low cost carriers have an advantage too, but in a price war Ryanair will be the last person standing. + +&#x200B; + +**Network effects alone do not a moat make** + +Everyone lauds Facebook for its social media dominance and network effects. But MySpace, Bebo, Friendster, all had huge network effects back in their day. + +Plus, network effects can be very weak. Why use Tinder if you can use Bumble too? Why use only Uber when you can have Lyft as well? + +Both Tinder and Uber *have no moat.* + +However, network effects can create highly profitable businesses. Rightmove is one of the most profitable companies on the London Stock Exchange, and benefits from a virtuous cycle of the more viewers, the more attractive a place it is to sell, and the more properties listed the more viewers will come. + +But even Rightmove may see its business model come under pressure one day. + +&#x200B; + +**Barriers to entry can create defendable margins** + +Investors can profit from companies that have a high barrier of entry but also high returns on capital.The strongest barriers come from overlapping moats, as this fortifies the business. + +For example, a pharmaceutical business has very high barriers to entry, and so they are able to price their products with a high margin. + +&#x200B; + +**One thing is also clear: Winners' profitability is persistent** + +If the market was efficient, then it would price in competition. But competition is slow, and many stocks have years where they can generate superior returns. As they are in an advantageous position, they can then use that position to generate further returns for shareholders. + +Profitable firms are very different from low profitability firms. + +Here's why: + +1. Past profitability is a good predictor of future profitability +2. Highly profitable companies are generally less leveraged +3. Highly profitable companies enjoy lower credit spreads, borrowing costs, and volatility + +Only high barriers to entry along with moats can account for these. + +&#x200B; + +**Return On Capital Employed is a good measure** + +Companies tend to see their Return On Invested Capital revert gradually, but losers don't become winners overnight and vice versa. + +Often, dominant companies can sustain their competitive advantage and find new businesses to rebuild their advantages and consolidate their strength. + +Think of Rightmove, dominant despite competition. Think of Facebook acquiring instagram and Whatsapp. + +A company that is able to invest in itself and receive a high rate of return (think of ROCE as the company's interest rate) is a company that can compound itself quickly. + +FeverTree is not a bottling business. It's a brand, and therefore is capital light. Companies that require large amounts of capital expenditure (either maintenance or expansionary) tend to have lower ROCEs. + +It's the scalable businesses with high ROCEs that can deliver the best returns for shareholders (though that's not to say low ROCE businesses can deliver high returns). + +&#x200B; + +**Avoid bad industries** + +Bad industries have poor returns. Even skilled CEOs will struggle here. 5-a-side football is very different to 11-a-side. + +Pick a good industry over good management in the wrong industry. + +&#x200B; + +&#x200B; + +**Why do investing anomalies persist?** + +There are many reasons why these anomalies exist and why the market is not always efficient. Humans are not rational, therefore it is unrealistic to expect rationality. + +*Prospect Theory* \- humans prefer longshot payoffs (lottery tickets) over less exciting and safer investments. One only needs to look at AIM and the high amount of junior mining and resources companies. + +*Most investors feel underfunded -* they take on higher volatility to enhance returns. Unfortunately, this goes against them often. Wanting to get rich quick rarely correlates to investing or trading success. + +*Unfounded optimism* \- people often hope and overestimate the future returns of low quality firms compared to high quality firms. As humans we are mostly optimistic. It pays to be optimistic in stocks, as the indices have tracked higher over time, but this optimism needs to be realistic. + +&#x200B; + +**High quality beats "cheap"** + +Time is your friend when you buy companies with high returns on capital. + +This is because they are able to compound that capital further over time by investing in themselves. + +As Warren Buffett said: *"It's better to buy a great company at a reasonable price than a reasonable company at a great price."* + +&#x200B; + +**You don't need to own many great companies to make a lot of money** + +I often say traders and investors should diversify. Putting all of your capital into one company is hugely risky. But picking too many companies is a mistake too. + +* 80% of volatility is diversified away after 8 positions +* 90% is diversified away after 16 positions + +Investors who own more than 20 companies are harming themselves due to over-diversity. + +I'm not saying that one shouldn't own more than 20 companies, but if you want to compound your investments then you need to: + +1. be in great companies, and +2. not be in too many! + +That said, I believe putting all your eggs in one basket is a dangerous strategy. Going all in takes on a large amount of risk and not something I would ever be comfortable with - no matter how good an opportunity it seemed. +Keen to get people's opinions on this, I'm looking to invest after the success of their previous crowdfunder post-series C funding and the announcement of 35 million in series D funding, plus they're a product I believe in and use myself. + +As a pre-ipo investing novice are there any clear and obvious pitfalls I'm missing? +Anyone can fall into debt - for all kinds of reasons. There is nothing to be ashamed of. + +Did you know that 92% of our clients said that if they could go back in time, they’d get debt advice sooner? We’re encouraging people to open up, ask questions in this AMA and get the help they need quicker. + +We recognise that many people find it difficult to talk about debt. That’s why we provide free, non-judgmental, and confidential debt advice and support to hundreds of thousands of people every year. Our advice and solutions are based on a comprehensive assessment of your situation. We also provide practical help and support for however long it’s needed. + +But please don’t wait to get debt help. Sweeping it under the carpet or burying your head in the sand can have a negative impact on your wellbeing. Help is available and we’re here if you need us. + +Unsure whether you need debt advice? + +We have lots of information on how we can help. From impartial guides on bills and benefits, to full debt advice which is available 24/7 online, or you can get advice over the phone. + +Whatever your financial situation, by answering a few simple questions, StepChange can provide support and guidance to help you understand what to do next. Find out more by using our 60-second debt test. + +[Take the 60-second debt test](https://bit.ly/3rwVBYF) + +If you need free and confidential debt help that’s specific to your situation, please use the online debt advice service here: [Debt Help](https://bit.ly/3yfLr28), or use our [Contact Us](https://bit.ly/3Eg46Pp) page. + +Get your debt questions answered here. + +From 10am on Wednesday 5 October until 4pm on Friday 7 October, trained advisors from StepChange Debt Charity are here and waiting to answer any of the questions about debt that you may have. We're a friendly bunch so please don’t be shy! + +Importantly… + +The advice and help provided to an individual poster is based only on the information provided by that poster. Advice on this thread is also particular to the individual who has asked for it and is likely to be specific to that person’s situation. A poster may have provided further relevant information by private message which will not appear on this thread. + +Important: FCA regulations mean that StepChange is unable to give full debt advice or recommend any debt solutions through this AMA. If they feel you’d help from getting a full debt advice session, they’ll mention this in the reply +Like the title says, I have a duplex that I recently completely renovated and rented out last year. The downstairs tenants are planning on being there long term and would love a deck off the back of the house to give them some usable outdoor space. I agree it would be nice, but it was just quoted at $5000 and just isn't in the budget this year after redoing the rest of the building. They have offered to pitch in and contribute to the cost but I'm not sure how much to ask of them? They're great tenants and I'd like them to stay, so I've even considered the idea of a slightly lower rent or a freeze on rent increases for a while if we did go through with splitting the deck cost. Thoughts? +A SFH in Pittsburgh? A condo in Minneapolis? + +Not interested in people saying “now is a bad time to buy”, I’m specifically wondering if you HAD to buy a place today in this price range, what would you get and why.