diff --git "a/reddit_finance_43_250k_184.txt" "b/reddit_finance_43_250k_184.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_184.txt" @@ -0,0 +1,10000 @@ + +Thanks! +Yeah I said it. This sub goes on about billion/s of shares floating around. Yet, we don’t even have a 1/3 of the float Directly registered. It’s our fault MOASS hasn’t happened and no one else at this point. We have a huge surplus of the tools to launch this GD rocket to the edge of the universe and we’re slow walking to the finish line. + +Seriously, why isn’t everyone 100% DRS’d at this point? Doesn’t everyone want to quit their job? Stop waking up to alarms? Be financially free? Help those who need help? And do anything else you can think of? + +If you haven’t DRS’d 100% of your shares. Why?!!!? Are you afraid of computer share because selling is different than your asshole broker? You have to pay a fee to sell? You don’t understand computershare? Are You truly are smooth brained??????? The math checks out on what happens when we lock the float. + +Everyone knows the MOASS will eventually happen. But fuck waiting on this shit to happen organically. DRS 100% of your shares and stop holding us back. We’ve been waiting over a year for this thing to take off and I’m/we’re ready for it to end. + +Thanks for coming to my Ted talk. +From what i've figured £30k-£35k is kinda the minimum for a reasonable quality of life? Like even if you're flatsharing it seems like you'll be spending around £600-£700pcm for a decent place? +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”! +Compounder ape here. I make body wash, shampoo, conditioner, lotion, mouthwash, etc. This year has been tough for obvious reasons but in the last few weeks we have noticed extreme shortages. + +My wife is the buyer at my work and she sees it constantly. Every time she submits a PO for anything they raise the price and tell us it’s weeks to months out, today alone 3 suppliers of chemicals we order in 40,000lb tankers shut down. + +We can’t even get the wood pallets we need. I feel like I’m watching society collapse in front of me. + +GME will most likely be my family’s only hope and we are already pretty well off. It brings me some comfort to know that this group of apes will be there to support everyone in need when the time comes. + +God speed you smooth brained retards. +*Obligatory not financial advice disclaimer.* + +[Link to the official NSCC-2021-002 document.](https://www.federalregister.gov/documents/2021/06/24/2021-13413/self-regulatory-organizations-national-securities-clearing-corporation-notice-of-filing-of-partial) + +Great summary by u/criand: It turns monthly liquidity checks into 24/7 liquidity checks. If a members positions makes it so they don't have enough liquidity posted, Marge calls. If they don't post sufficient liquidity within ONE HOUR then they'll be snapped and their positions liquidated/they default. + +**Overview** + +On 6/24/21 this rule went into effect. It's been a total of 8 trading days, so low sample size, but is beginning to show a trend. Since that time we've seen a couple of different data points arise that indicate the rule is causing the SHFs to scramble. + +**Low Volume** + +Per this [post](https://www.reddit.com/r/Superstonk/comments/of2utv/i_cant_hear_you_closing_with_260_mil_volume_5th/) by u/edgar510, since 6/24 we've had 5 of the top 10 lowest YTD daily volume. Low volume could be an indicator of low liquidity and the noose tightening. In the past when we've had weeks of sideways trading and low volume, it's inevitably lead to a breakout to the upside. + +**Lower Highs and Lower Lows** + +Since that time, we've started to see lower highs and lower lows. Opening that day we started a run-up to $227, but ultimate got knocked down to a low of $211 and closed at $212. Only one other day since then (6/28) did we have a run-up go past $220. We haven't been below $200 since 5/24 when we closed at $180.01 and yesterday we closed at $199.56. + +&#x200B; + +[https:\/\/www.nyse.com\/quote\/XNYS:GME](https://preview.redd.it/83mj8lexfs971.png?width=2592&format=png&auto=webp&s=3470659e635e54418e029b4b77022842b715a730) + +&#x200B; + +**Theory/Speculation** + +Since the implementation, the SHFs have been very diligent about price suppression. We're no stranger to them trying to lower the price, but I believe we are starting to reach an apex between liquidity and their short position. Everyday they bleed money from their position, but are stuck between a rock and a hard place. Either they use money to suppress the price lower than yesterday or they let it run higher and risk failing the liquidity check. + +I believe at this time, the cost to lower the price more than yesterday is less than the cost of their position increasing because of price. They may even know what price will trigger a failed liquidity, so spend the money to lower it further. For instance (completely arbitrary numbers), if the price today stays above $198 it'll cost them $10B and a failed liquidity, but to lower the price below that to say $190 it'll cost them $5B and another day. Eventually these numbers will converge as the cost to keep suppressing the price will outweigh the cost to let the price rise. In either scenario they'll be fuk and price goes boom. + +Another aspect to this could be coordinated efforts to ensure smaller SHFs don't fail the margin call. We know $350 seems to be a big barrier and we always see a strong short attack when we get close. That may be the bigger SHFs (Shitadel, SUS, P72, etc) coordinating that. At this point, they may know the price that will fail smaller SHFs and work to ensure they don't fail their margin call. If they do, the price will rip due to closing out their position and put $350 in the rearview mirror, causing a domino effect. + +We could see the price to continue to slowly trend slightly lower. This is also speculated by u/possibly6 in a recent post [here](https://www.reddit.com/r/Superstonk/comments/of4zjh/elliott_waves_gme_wen_the_fck_moon/) (*What I want you to take away from the above visual is in the event that our reversal doesn't begin tomorrow from today's low, lower bound of the channel comes out to around 175*). + +I expect we'll continue to have record low volume days. All until the apex converges or a catalyst causes the price to jump and the house of cards to come falling down. + +Buy, Hodl, and Buckle up! +Hi all, + +Investment/financial noob here so please forgive the nature of my question. + +I'd like to know how to calculate profit after factoring in inflation over time. + +For example, lets say I purchased a house in 2009 for INR 40 lakhs and sold it in 2021 for INR 70 lakhs. + +The 'profit' is INR 30 lakhs, but of course Rs. 1 in 2009 is not the same as Rs. 1 in 2021. + +So how much did I really profit after factoring for inflation? + +Thank you! +Let’s say you withdrew 3% of your portfolio one year, and you end up only spending 2.5%. Do you withdraw less the following year (2.5% instead of 3%)? Do you try to spend it all? Do you re-invest? Especially if you made a 3-5 year bond tent. + +Otherwise, do you just withdraw more frequently to avoid this from occurring in the first place (after bond tent runs out)? +Why is it worth owning a sub-majority share in a private business? + +Couldn't the owners just keep on paying themselves larger salaries, buying themselves perks (e.g. cars, etc.), etc + + I could especially see this being a large issue for small businesses with private investors. +Hey, I'm an admin on the Pokemon forum [Lake Valor](http://lakevalor.net) and we're in a bit of a bind. Our site has an economy plugin that we've been using for a while, but as we've grown bigger than we ever expected, our economy has devolved into an absolute mess and we don't know what to do to fix it. We're wanting to introduce a method of using real currency to buy our forum currency, but we have no idea how to find the right ratio of American dollars to site currency. We're also fighting a large amount of inflation in our current economy. + +We're wanting to bring our economy back into a reasonable state, but none of us know very much about economics and how we could actually go about maintaining a stable economy. We want to wipe our current economy to get rid of currency held by inactive members, while having active members keep a percentage of their currency based on the currency's new value. + +Basically what we need help with is: + +**How do we go about finding the right ratio of real money to site currency?** How do we determine the percentage to give back to our members once the ratio is decided? Should we freeze our economy while we determine these things, despite it affecting our user-run shops? + +I'm not certain what you need to know about our economy to help us out, but here's some general info: + +Currently the only thing able to be bought with actual money on our site are our ranks (VIP, Contributor, and Contributor+ for $5, $20, and $40 respectively) and a custom adoptable ($11) + +Our on site currency can be used to shop in user created shops (prices vary by user and shop), buy Pokemon adoptables that are displayed in your signature (1,000 to 2,500 points), buy grab bags (75-5,000 points) or lottery tickets (50-150 points), and buy name changes (3,000 points) or member titles (1,000 points). + +Our currency, PokéPoints, is being constantly created as incentive for posting and automatically rewarded for posting in different forums (10 points for making a thread, 4 points for posting in the thread). It is also created and given out in staff hosted forum events. + +Our economy currently has 1,702,855 total PokéPoints with a total net worth of 2,559,635 PokéPoints. + +Our top ten richest members and their values can be found [here](http://lakevalor.net/index.php?app=ibEconomy&tab=global&area=rankings&sort=points&sw=DESC). + +Hopefully I gave the right information and you can help us out somehow. If I need to post anything else here, please let me know. Any help at all is greatly appreciated! +So after the lockdowns and massive distribution of stimulus cheques, it appears that there is a shortage of labor in the US, Canada and Europe. + +Some conservative economists say that the cancellation of these stimulus cheques would see an uptick of return to work. But that did not seem to be the case after many states stopped the unemployment benefits there was SOME recovery but not as much as they had hoped. + +source: [https://www.reuters.com/world/the-great-reboot/push-end-pandemic-benefits-may-not-be-panacea-us-labor-shortage-2021-06-11/](https://www.reuters.com/world/the-great-reboot/push-end-pandemic-benefits-may-not-be-panacea-us-labor-shortage-2021-06-11/) + +So why or how has this lockdown given rise to a supply of unwilling participants in the labor force? +Like I've heard from one source that they came up with some ideas like opportunity cost which is a mainstream idea, but I'm not sure if they came up with it. +in a payoff matrix for big business contracts and such where if both adhered to the contract then it would be reasonably beneficial to both parties, but if one breaks it and the other does not the first will get a large payoff and the other gets screwed and visa versa. The Nash equilibrium would be that both break the contract, however in actual business the government is there to make sure signers of the contract adheres to it. In international contracts like the Paris Agreement there is no higher power to enforce it. + +Is it possible that long term international climate change governmental action is impossible due this segment of game theory? +https://www.bloomberg.com/news/articles/2018-06-03/microsoft-is-said-to-have-agreed-to-acquire-coding-site-github + +Last valued at $2 billion in 2015, estimated value around $5 billion today. + +Any ideas on how this will impact MSFT price, if at all? +I think the flow chart is a fantastic reference. I’m in the process of adapting it for a presentation for a group of newly qualified junior doctors. The one thing which I’d like to briefly talk about are some of the things they would be wise to avoid like...Avoiding lifestyle drift, being mindful of car finance and how seriously bad it can be vs. buying a cheaper car outright, remembering to claim professional expenses (which can be several thousand per year). + +Would you help me continue my list, thanks! + +EDIT: The suggestions so far... + +1.) Unconsidered lifestyle drift - a lot of interesting thoughts on this one! + +2.) Booze / alcohol + +3.) Financial "advice" / share tips from mates at work or down the pub + +4.) Car finance + +5.) Food at work / work lunches + +6.) Not "paying yourself first" + +7.) Having children and associated costs - partially mitigated by recycling/reusing/2nd hand items + +8.) Getting married / weddings / divorces / child support - I guess dont do any of these lightly! + +9.) Hobbies - obviously need to balance work:play + +10.) Leaseholds + +11.) Debt - in most but not all circumstances + +12.) Certain insurance products / warranties + +13.) Missed sensible investments + +14.) Lending money - only lend what you're happy to lose +When you do your DD what exactly are you looking for? What makes for an undervalued stock that you think will go up soon? Low Volume? Low P/E? Just reading news on the company? +My SO ran into someone in a store. They eventually talked about being financially independent. Said they should get together for coffee. They did - just got to know each other. + +Then my SO and I got together with the person they met and their SO, and we talked again, at a coffee shop. They wanted to know our mindset on financial independence and wanted to offer to mentor us to help us reach our goals and help us change our mindset to go bigger with finances. + +No product was ever pushed, no company was ever mentioned. This just sounds like a MLM, but there is no product that we've been made aware of. And I really don't get the scam artist vibe - they don't want our bank accounts. + +They talked about books like Rich Dad/Poor Dad, The Go-Getter, and other financially minded books. + +If they were trying to sell us something, they haven't done so in the first 2 meetings. + +Is this something anyone is aware of? Are these people just living out the principles of mentorship as described in the books they're talking about, or is there something else going on that I am oblivious to? + +**UPDATE:** Thanks for the advice. I told them I was concerned that they were trying to sell something, like an MLM or pyramid scheme. They got silent and pretended to not know what a MLM was, brushed it aside, and then tried to drive into the "Don't you want financial independence? Are you interested in pursuing this?" pitch. It was all too shady and I agree with you all that this is definitely a scam. Also, we had to pay for our own coffee. What a rip. +Assuming folks here dealt with this situation. Suppose I get $1000 worth of Stocks by employer vested. I'll get taxed on it at the time of vesting. The immediate tax withholding will (by default) trigger sell some stock grants to cover for taxes. + +How to defer taxes on them to some other year? Can these grants be vested in any pre-tax account or any type of tax advantaged? Looking for tips. Thank you. +At what point do you think about looking around and re-locking with another lender ? + +If you are a mortgage broker/LO what is your expectation/experience of client behavior ? +[link](https://www.cnbc.com/2017/11/08/roku-earnings-q3-2017.html) + +Never thought I'd see a company up nearly 50% after posting millions in losses. Sad I missed out on this one. +[r/Superstonk](https://www.reddit.com/r/Superstonk/) was born from the ashes of oppressive bans, removals, and censorship. We vowed to be a subreddit of integrity, honesty, fairness, and transparency. Every single moderator that has been brought on has agreed with this sentiment and has proven themselves to be outstanding and respectable members of this community, on top of moderators. Our motto is "Ape first, mod second" and this is what we think about every single time we make decisions. + +It is with a heavy heart that I must share that one of our higher-ranking mods, [u/TomatoeHaven](https://www.reddit.com/u/TomatoeHaven/), has been removed as moderator. I have detailed the reasons for this to the mod team, and have done my homework with screenshots, investigation, and discussion with the mods. This mod was here before the Second Great Ape Migration and I wanted to retain my promise that mods won't be bullied or removed as if this were a dictatorship. + +The mod team is overwhelmingly supportive of my actions regarding [u/TomatoeHaven](https://www.reddit.com/u/TomatoeHaven/) thus far, and have UNANIMOUSLY voted to remove [u/TomatoeHaven](https://www.reddit.com/u/TomatoeHaven/) for these reasons and also for things they personally witnessed and found strange, including some notably reckless and unexplained actions discovered through mod log. We will not tolerate this reckless behavior from mods and have thus taken actions to ensure the safety and proper functioning of this subreddit. Thank you all for remaining to be true apes that love this community as much as we do. +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! + +[Link here](https://www.wsj.com/articles/wework-co-founder-has-cashed-out-at-least-700-million-from-the-company-11563481395?mod=rsswn) + +>Investors in startups have generally frowned upon founders who cash out large chunks of shares ahead of a public-markets debut, because it raises questions about their confidence in the company. On the other hand, people close to Mr. Neumann say, his borrowings against some of his WeWork shares indicate that he is bullish on the company’s long-term prospects. + +What do you guys think of this? + I posted about this recently in a thread but, too many people blindly buy options without actually knowing what their potential outcome's are. [Options Profit Calculators](https://www.optionsprofitcalculator.com/) can be used to show you what your potential P/L is for a trade, but it also shows you how theta will eat your option away if you buy something ridiculously priced. From my recent interactions with people on here there's a lot of traders that don't know about these. + +Using an Options Calculator is a great tool to get a better understanding on how options will move and how to better plan your entry and exit points for a trade. Cheers! +Hey everyone! Pretty stoked on this, but I didn't know who to share it with. I enjoy reading the personal stories that get posted here, so I figured I would share mine as it seems a little different approach when compared the majority on here. + +&#x200B; + +**2015** + +* November- Enlist in the military. I had been working for a few years, but failed to have anything to really show for it. Sold my car and most of my stuff then I was off to basic training with a net worth of only about $3000, but no debt. + +&#x200B; + +**2016** + +* January - Graduate basic training. Not being allowed to spend any of my money or go anywhere while in training for the past three months had added $3000 more to my net worth. I was making $1500 a month. +* June - Got first promotion and was now making about $1700 a month. +* July - Took a loan out and purchased a used Honda Accord for $9000. +* August - Began to start actively saving and investing. Started 5% matching into TSP which is the kind of like the military's 401K. Also began to invest a couple hundred each paycheck into Robinhood buying random stock, though I lost more doing this than I gained. +* November - Totaled my car, and thought I was going to be screwed on the amount I would get from insurance. The other party claimed injuries and for months I was certain I was going to have to come up with a fortune because of the accident. Luckily my insurance fully paid off my loan and left some over for another car, as well as covering the other parties injuries and vehicle. (Shout out USAA) +* I ended 2016 with a net worth of $5000 + +**2017** + +* January - Eloped with my girlfriend of 5 years and got married. She stayed in our home state to finish her year of college using FAFSA. The military began providing $2950 extra a month for food, housing, other pays because of this. I was now making about $4450 a month, but now had to find my own housing and food. +* February - Buy a used care using insurance money. Also began renting a room for $850 a month and pocketed the remainder of my housing allowance. +* March - Promoted to next rank. Taking home about $4600 a month. Opened IRA with Vanguard. About this time I made a goal to have $50,000 and no debt when my contract ended in 2020. +* August - Get orders to Japan. Begin preparing for over seas move. Have actual wedding and ceremony with wife and family. +* Ended the year with about $15,000 after the wedding. + +**2018** + +* January - Arrive in Japan with wife. My pay takes a cut as I am now living on base and not receiving certain pays anymore. Take home pay is now $2400 monthly. +* February - Purchased two used cars in cash for $4000 total (cars are cheap here), new furniture and beginning to settle in. Began a strict 50% rate of saving after getting all settled +* June - Promoted to E-4. monthly take home $2650. +* August - Wife begins working, not steady pay but \~$400 a month. +* November - Time in service pay increases to $2800 monthly. +* Ended the year net worth $27,000 + +**2019** + +* January - Yearly pay increase comes now taking home $2900 monthly. Wife get new job with fairly regular hours bringing home about $1000 +* June - Promoted to E-5 take home pay is now $3100 monthly +* November - Get assignment for 6 months to Korea. Wife has to stay in Japan. Receiving different pays and stipends as well as another time in service increase. Take home is now $4000 Monthly +* End the year with $36,000 net worth. + +**2020** + +* January - Still in Korea. Yearly pay increase now taking home $4200 monthly. +* April - Covid hits Japan and my wife is forced out of work. +* May - Covid keeps me stuck in Korea. Also hit my $50,000 goal I set in 2017. +* July - Return to Japan. Stop receiving certain pays. Now taking home $3300 monthly. +* August 31st - Checked my accounts today for the hell of it and realized that I have well surpassed my $50,000 goal. + * Robinhood: $28,164 + * Vanguard: $29,259 + * TSP: $13,086 + * Savings: $5000 + +&#x200B; + +I am getting out of the military soon and will be going to college for a Computer Science degree using my GI bill. I will be getting out debt free with over $70,000. It's not for everyone but the military can certainly set you up for the future and is very easy to build a nice net worth in. +Hi apes, + +I was just curious to see how today's volume for BBBY would play out after papa Cohen's big dick move yesterday. + +So, I did some napkin math: + +RC Ventures LLC owns 7,780,000 shares of BBBY common stock and 16,701 call options (with a strike price of above $60 expiring Jan 23). If RC decides to exercise all of them due to some idiosyncratic risks, then RC Ventures would own 9,450,100 shares of BBBY by Jan 23. + +If you look today, the total outstanding shares of BBBY common stock is 96.34M. RC owns 7,780,000 shares... so, we are left with 88,560,000 shares in the market. As I am writing this, the trading volume according to Yahoo Finance for BBBY is 86.93M which is 98% of the total shares outstanding less RC's stake. + +What does this tell us? + +SHORTS NEVER CLOSED THEIR POSITION. + +PHANTOM SHARES ARE OUT THERE. + +HEDGIES R FUK. + +GME GO TO THE MOON BBBY + +Here's a great law journal by our boy Wes Christian about phantom shares: + +[https://houstonlawreview.org/article/6422-naked-short-selling-how-exposed-are-investors](https://houstonlawreview.org/article/6422-naked-short-selling-how-exposed-are-investors) + +edit: I'm seeing a lot of people mentioning High-Frequency Trading and how the firms with HFT are trading back and forth to lower the price. Here's my reply to one of the comments about that: + +"True, but when you read Wes's law journal on pages 1036 and 1037 (the first few pages), this behavior is highly suspicious for naked short selling. Although we only know RC is the only one holding onto his shares and not lending it out, I think today is a cornerstone to proving that phantom shares are out there. + +Let's see how this plays out for the week. If we see the float trading over and over again, then HEDGIES R once again FUK. + +edit: also the price is going down, not up. So, I don't believe that it is "people" (retail) shorting the shit out of this." + +I believe that this is another case to prove naked short selling and the existence of phantom shares. + +edit 2: For those who keep saying that the same stock can be traded multiple times, hence there is no real value in this argument; here is an excerpt from Wes Christian, Robert Shapiro & John-Paul Whalon "Naked Short Selling: How Exposed Are Investors?" + +&#x200B; + +>At roughly the same time but in another financial universe, Patrick Byrne, the CEO of NASDAQ company [Overstock.com](https://Overstock.com), began to notice strange trading patterns in his company's stock. Byrne noticed that on certain days the number of shares traded in [Overstock.com](https://Overstock.com)'s common stock amounted to four or five times the total number of share outstanding. These high trading volumes persisted even though Byrne, his family, and ten allied financial institutions supposedly held close to ninety-nine percent of the outstanding shares. With this large block of shares metaphorically tucked away in Byrne's sock drawer, such high trading volumes seemed highly irregular, if nor impossible. +> +> +> +>Along with their unusually high trading volumes, Global Links and [Ovestock.com](https://Ovestock.com) share another unsettling characteristic: over the past year, both companies have experienced a dramatic drop in the price of their common stock. Is there a link between the strange trading patterns exhibited by Global Links and [Overstock.com](https://Overstock.com) and the downward pressure on the two companies' share prices? Both Simpson and Byrne adamantly contend that the link between their depressed stock prices and the high trading volumes is not mere coincidence. Byrne, Simpson, and many others believe that Global Links, [Overstock.com](https://Overstock.com), and many others companies', both large and small, are victims of a trading strategy known as naked short selling. + +This is why I started to write about high trading numbers this morning. There IS A LINK between high trading numbers and naked short selling (also, phantom shares). + +&#x200B; +This well runs deep. BCG has been linked to Sears, Blockbuster, Bed Bath and Beyond, and Toys R Us. This is market manipulation on a grand scale and somebody will go down for it. With the link to Citadel, the implications could help our favorite stonk greatly. Do your part and report BCG to the SEC and DOJ and FBI. + +DOJ: https://www.justice.gov/actioncenter/report-crime + +SEC Main: https://www.sec.gov/tcr + +Whistleblower: https://www.sec.gov/whistleblower + +FBI: https://www.fbi.gov/tips +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. +Hi, I need some advice because I'm scared and confused. So, I'm not a UK citizen, I'm from Eastern Europe, english is not my first language (you may see errors in this post), and I'm not fully aware of the system. I moved to the UK in 2019 and left this July. + +Today i got a letter saying that I owe £57.86 Council tax between the period of 01.04.2022 to 20.07.2022 plus £97 Court cost. This letter was issued on 27 October. I just checked my bank statements back to January and I was 100% sure I paid every single month but April is missing indeed. + +I was transferring the amount manually until I got bored of it and set up a direct debit in March. Now, one can say I'm irresponsible but for not checking my balance at the end of April to be sure I have been charged, but let's be honest, who would do it? That's the idea behind direct debit isn't it? You set it up and forget about it. But they haven't charged me in April and said noting about it until now. They only started charging me in May and and my last payment was in July according to my bank. According to my account on the council's website however, it shows that the last payment was in June. + +I don't really get this. Tomorrow I'm about to call the council enforcement team, but I have no idea what to tell them? Would they be understanding with me? I don't really think it's my fault that they haven't charged me until May even tho I've set up the dd in March. The letter also says if I pay the full amount before the hearing, its done. But the hearing took place before I even get this letter. Some advices would be great before I call them. Thank you + +edit: spacing + +update: +I called them today. The lady on the line was really strict about the court cost but after explaining 4 times that I've left the country permanently in July, and I literally just recieved the summoning with no warnings/notices before, she finally looked into the mail-something (I could not understand) to check if there's any undelivered letters. She immediately changed voice and realized that I AM INDEED ABROAD and it makes no sense to send me any more letters if they arrive this late or not arrive at all. + +She finally let the court cost go, and told me that as soon as she can see that I paid the debt, it is done. + +Honestly, until the point she checked the mail thingy, I felt like she doesn't believe what I'm saying, she never actually said it, I just felt it. Probably she had her reasons for this, idk. + +She also asked me why haven't I called them before I left the country to ask if I own any money. (weird?) I explained that I called the council about 2 weeks before I left, and asked if there's anything left to sort out, they said nothing, call HMRC. +I called then HMRC, they said it was pointles to call the Council because I must tell the HMRC if I left the country anyway, and whatever I report to them, they send it to the council anyway. And they also haven't told me a thing to do other than completing a form. + +After the call, I transferred them the missing amount. Hopefully that's the end of the story. +Thank you everyone for the advices and for the kind words! :) +Massive announcement for NVA, been following it for a while but definitely didn't expect this level of grades. + + +[https://www2.asx.com.au/markets/company/nva](https://www2.asx.com.au/markets/company/nva) ASX website if you wanna check out the announcement +Massive announcement for NVA, been following it for a while but definitely didn't expect this level of grades. + + +[https://www2.asx.com.au/markets/company/nva](https://www2.asx.com.au/markets/company/nva) ASX website if you wanna check out the announcement +Guten Morgen to this global band of Apes! 👋🦍 + +Apes, obviously the big news going into this week is the announcement by JP Morgan broadcast on CNBC that they expect GME to squeeze into January. While this is obviously similar to what we all expect to happen, the fact that JPM is speaking about it makes me think that they plan to try to control the squeeze, and are trying to gain as much credibility for 'calling it' ahead of time as possible, so perhaps they'll be believed when they claim that the squeeze is over. Apes immediately saw right through it, but there's been an awful lot of FUD over the weekend about how this is going to play out. + +We all know that GME is heavily shorted, and with a huge portion of the float locked away in ComputerShare with DRS, the number of real shares available at the DTCC is getting smaller by the day. The important thing to remember is that DRSing your shares is the best action you can possibly take to ensure that we reach the MOASS. The short institutions and prime brokers intend to get out of the mess they've created by colluding to avoid margin calls, and to try to control a fake squeeze in a way that lets them close as many of their short positions as possible for far less than the MOASS floor. They'll let it run up, post enormous amounts of gain porn FUD, short it to oblivion again (re-upping on shorts when FOMO investors buy in), maybe let it 'squeeze' again. The prices over the next several weeks are going to be *very* tempting to many Apes, and we're going to get a huge influx of FOMO and FUD. + +Don't let it affect your Diamantenhände. You know your floor, as clearly today as it was at $40 or back in June. We know that there is no way that they'll be able to close all of their short positions while we HODL the float. Resist the urge to 'cover your initial investment', ignore the frantic texts from your family/friends/coworkers advising you to get out while the price is 4-digits. We *know* that they have an impossible task ahead of them - closing a short position exceeding the free float several times over. With our Diamantenhänded grip on our shares, we will show them the true meaning of 'unlimited risk'. + +Today is Monday, December 20th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$155.33 / 137,10 €** *(volume: 4214)* +- 🟩 115 minutes in: $155.08 / 136,88 € *(volume: 3988)* +- ⬜ 110 minutes in: $155.02 / 136,82 € *(volume: 3957)* +- 🟩 105 minutes in: $155.02 / 136,82 € *(volume: 3951)* +- 🟩 100 minutes in: $154.47 / 136,34 € *(volume: 3820)* +- 🟥 95 minutes in: $154.44 / 136,31 € *(volume: 3730)* +- 🟩 90 minutes in: $154.68 / 136,52 € *(volume: 3644)* +- 🟥 85 minutes in: $154.41 / 136,29 € *(volume: 3510)* +- 🟩 80 minutes in: $154.64 / 136,49 € *(volume: 3494)* +- 🟥 75 minutes in: $154.40 / 136,27 € *(volume: 3401)* +- 🟩 70 minutes in: $154.41 / 136,29 € *(volume: 3266)* +- 🟩 65 minutes in: $154.09 / 136,00 € *(volume: 3085)* +- 🟥 60 minutes in: $154.03 / 135,95 € *(volume: 2913)* +- 🟩 55 minutes in: $154.46 / 136,32 € *(volume: 2714)* +- 🟥 50 minutes in: $154.40 / 136,28 € *(volume: 2622)* +- 🟩 45 minutes in: $154.50 / 136,36 € *(volume: 2559)* +- 🟥 40 minutes in: $154.34 / 136,22 € *(volume: 2528)* +- 🟥 35 minutes in: $154.47 / 136,34 € *(volume: 2284)* +- 🟩 30 minutes in: $154.71 / 136,55 € *(volume: 2131)* +- 🟥 25 minutes in: $154.40 / 136,28 € *(volume: 2050)* +- 🟥 20 minutes in: $155.42 / 137,18 € *(volume: 817)* +- 🟥 15 minutes in: $155.76 / 137,47 € *(volume: 485)* +- 🟥 10 minutes in: $155.84 / 137,55 € *(volume: 447)* +- 🟥 5 minutes in: $155.96 / 137,65 € *(volume: 308)* +- 🟩 0 minutes in: $155.99 / 137,68 € *(volume: 286)* +- 🟩 US close price: $155.64 / 137,37 € *($156.26 / 137,92 € 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 1.133. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I don't golf and the whole general scene/vibe isn't for me. But I want to meet and hang out with other (preferably young-ish -- 30s etc.) folks with time and money. + +Like a non-douchey post-college frat I guess. +Considering Berkshire Hathaway is sitting on a record hoard of nearly 150 billion dollars, what do you think Buffetts next move will be in an upcoming market downturn? + +He has been writing to his share holders saying he won't let Berkshires cash hoard go above 150 billion and that he is looking for an elephant sized deal. + +Just curious what others are thinking would be a good match for Berkshire? + **Introduction:** + +I have a company that has been sitting in my portfolio since the very beginning of 2021 and that company is Dropbox (DBX). This is one of the companies that aren’t crazy exciting and you may not see it talked about a ton when looking for all those new, sparkly stocks. This company has a great portfolio of offerings and a great sticky recurring revenue business model along with a founder that has been with the company since the beginning. Plus, they have been making strategic acquisitions to ensure that they can offer a competitive suite of different products to fit the need of their small and large customers. + +TLDR: I currently own shares in this company and would likely only add if we saw a significant drop in the valuation relative to what I think its fair value is (Obviously assuming fundamentals remain the same). At around $16 - $17, I would start to get interested in buying some more shares of DBX.  + +If you would like to watch my Youtube video explanation click [here](https://youtu.be/Cb-PNI4fqVw). + +If you would like the article with pictures click the Substack link [here](https://joshsinvestmentideas.substack.com/p/a-look-into-a-good-recurring-revenue?s=w). + +*Disclaimer: I own shares in Dropbox and it currently makes up 11.5% of the equity portion of my portfolio. This is not financial advice and you should do your own due diligence when looking into a company.*  + +**DBX - Dropbox:** + +“We generate revenue from individuals, families, teams, and organizations by selling subscriptions to our platform, which serve the varying needs of our diverse customer base. Subscribers can purchase individual licenses through our Plus and Professional plans, or purchase multiple licenses through our Family plan or our Standard, Advanced, and Enterprise team plans….We typically bill our customers at the beginning of their respective terms and recognize revenue ratably over the term of the subscription period. International customers can pay in U.S. dollars or a select number of foreign currencies.  + +We offer DocSend as our secure document sharing and analytics solution. DocSend offers paid subscription plans, including a personal plan designed for individuals and Standard, Advanced, and Enterprise plans designed for business users and teams. Similar to Dropbox plans, pricing of DocSend's plans is based on the number of licenses purchased. Customers can choose between an annual or monthly plan, with a small number of large organizations on multi-year plans. We typically bill DocSend customers at the beginning of their respective terms and recognize revenue ratably over the subscription period. DocSend primarily sells within the United States, and the majority of sales are in U.S. dollars.  + +We also offer HelloSign, as our e-signature solution. HelloSign has several product lines, and the pricing and revenue generated from each product line varies, with some product lines priced based on the number of licenses purchased (similar to Dropbox plans), while others are priced based on a customer’s transaction volume. Depending on the product purchased, teams must have a minimum number of licenses, but can also have hundreds of users. Customers can choose between an annual or monthly plan, with a small number of large organizations on multi-year plans. We typically bill HelloSign customers at the beginning of their respective terms and recognize revenue ratably over the subscription period. We sell HelloSign products globally and sell primarily in U.S. dollars. ” [Q1 2022 10Q Filing](https://dropbox.gcs-web.com/static-files/068a808f-da94-4475-9324-d9bf418f2a9b) + + [Product Offering Screenshot](https://imgur.com/a/UsqXJ7S) + +**DBX breaks its revenue down into the following segments:** + + [Segment Revenue Screenshot](https://imgur.com/a/Q5QM11m) + +* The two items you should understand are how this business model recognizes its ***revenue*** and incurs ***expenses***. “We recognize revenue from subscriptions to our platform over the terms of these subscriptions. Our subscription arrangements generally have monthly or annual contractual terms, and we also have a small percentage of multi-year contractual terms. Amounts that have been billed are initially recorded as deferred revenue until the revenue is recognized. As a result, a large portion of our revenue for each quarter reflects deferred revenue from subscriptions entered into during previous quarters, and downturns or upturns in subscription sales, or renewals and potential changes in our pricing policies may not be reflected in our results of operations until later periods. Our subscription model also makes it difficult for us to rapidly increase our revenue through additional sales in any period, as subscription revenue from new users is recognized over the applicable subscription term. By contrast, a significant majority of our costs are expensed as incurred, which occurs as soon as a user starts using our platform. As a result, an increase in users could result in our recognition of more costs than revenue in the earlier portion of the subscription term.” [2021 10K Filing](https://dropbox.gcs-web.com/static-files/58450624-a3a9-4f41-a94a-8799456275d1) + +**Financials:** + +* Total Revenue TTM as of Q1 2022: $2.209B + + [Revenue TTM Screenshot](https://imgur.com/a/s9Mb6Lz) + +* Profit Margin was recently between \~16%. A big reason 2021 was unprofitable was due to a 1-time impairment of their property in San Francisco. + + [Gross Margin, Operating Margin, and Profit Margin screenshot](https://imgur.com/a/6p62ksG) + +* Current P/E: \~22  +* EV/EBITDA: \~18.06 +* Current Cash as of Q1 2022: $445.5M, but they have 1.05B in marketable securities + + [Cash and Marketable Securities Screenshot](https://imgur.com/a/65GrxSA) + +* Total Long Term Debt as of Q1 2022: $1.370B + + [Total Debt Screenshot](https://imgur.com/a/yR7QXkO) + +**Industry** + +* According to Allied Market Research, “The cloud storage market size was valued at $46.12 billion in 2019, and is projected to reach $222.25 billion by 2027, growing at a CAGR of 21.9% from 2020 to 2027. Cloud storage is a next-generation system that interacts in human language and helps experts to make better decisions by understanding the complexity of unstructured data.” + + **Strengths:** + + [Key Metrics Screenshot](https://imgur.com/a/jb4hmE3) + +1. Average Recurring Revenue (ARR) Growth and Average Revenue Per User (ARPU) Growth + 1. Two of the key performance metrics you should look to when reviewing a company like this one is its ARR and ARPU. The ARR shows us how their recurring revenue is growing YoY along with the ARPU to give us a better insight into the efficiency of revenue per user. An increase in ARPU means that we are capturing more sales in dollar terms per user added into the Dropbox ecosystem. The key metrics screenshot above from the investor day presentation shows that they went from $123.07 at the end of 2019 to $133.73 at the end of 2021 while their latest 10Q continues to show that increase in ARPU.  [Quarterly ARR and ARPU Screenshot](https://imgur.com/a/DpxQIQ8) + 2. Paying User Growth + 1.  They currently have 700 million registered users across 180 countries with 17.09 million being paying users. This paying user number continues to increase over time and as they are able to add to their offerings it will convert nonpaying users. [Paying users Screenshot](https://imgur.com/a/AfF0OSi) + 3. Open Ecosystem + 1. One of the competitive advantages that Dropbox has been building out over the last two years is its own ease of access to work with other applications. They have also set up an easy-to-transfer process so that new clients can move their data over to DBX’s own platform with little to no hassle. [Partners Screenshot](https://imgur.com/a/bjsWzYd) + 4. Stock buybacks + 1. “In February 2020, the Company's Board of Directors approved a stock repurchase program for the repurchase of up to $600 million of the Company’s outstanding shares of Class A common stock. In February 2021, the Board of Directors authorized the Company to repurchase up to an additional $1 billion of the Company's outstanding shares of Class A common stock. The Company completed the February 2020 stock repurchase program of up to $600 million during the three months ended March 31, 2021. In February 2022, the Board of Directors authorized the Company to repurchase up to an additional $1.2 billion of the Company's outstanding shares of Class A common stock...During the three months ended March 31, 2022, and 2021, respectively, the Company repurchased and subsequently retired 11.0 million and 18.6 million shares of its Class A common stock, respectively, for an aggregate amount of $259.9 million and $431.9 million, respectively. The amount for the three months ended March 31, 2021, includes $200.0 million in repurchases of 8.6 million shares of our Class A common stock in conjunction with the issuance of the Notes, which was outside of our stock repurchase program.“ ([Q1 2022 10Q](https://dropbox.gcs-web.com/static-files/068a808f-da94-4475-9324-d9bf418f2a9b)) + 2. The current amount left for repurchasing as of March 31st, 2022, is $1.2 billion which means that if they were to use it all today it would be equal to \~15% of today’s market cap (1.2 B Buyback/ 7.58B Market Cap = 15%). Obviously, they won’t spend it all in one quarter, but it just shows how much of an effect the buyback would have. [Buybacks for Q1 2022 Screenshot](https://imgur.com/a/sQjfEVP) + +**Risks:** + +1. Competition + 1. There is a lot of competition in the ever-growing cloud storage and the online team collaboration software space. Whether you look at large offerings from the likes of Google, Amazon, and Microsoft or individual software that the small to medium enterprises rely on like Adobe, VMWare, Box, and DocuSign, there may be some more competition in this space. While Dropbox is not considered number 1 in terms of market share, its take on an open ecosystem may allow this to complement other systems rather than forcing businesses to choose only one or another cloud storage, provider.  +2. Cyber Security Risks + 1. While I know this is a risk for most, if not all, companies I feel like I still want to mention it. Since companies are hosting their files and information on Dropbox’s servers, it is very important that Dropbox does not have any major security leaks that come out because a lot of the information is sensitive information to the business. A large data leak could truly hurt the reputation along with bringing on legal suits that will likely follow a security breach. This could cause the recurring revenue to slow down significantly and possibly have companies/users move their data from Dropbox to a competitor’s offerings that are seen as “more secure.” Part of this may be caused by the open ecosystem due to a breach through a third-party application like Microsoft’s or Google’s offerings. +3. Changes in Data Regulation + 1. Since this company operates with other companies’ data, it is very possible that data regulations become stricter which could cause Dropbox to incur costs that are not currently being forecasted. While this is more of a shot in the dark because you truly never know what changes will come until they get signed, it is a real possibility. We have seen many countries start to take steps toward data and privacy regulations. Dropbox operates in over 180 countries with about half of its sales coming from the US alone, so if we have any significant changes in regulations here in the US that could mean some short-term hurt. + +**Discounted Free Cashflow Model** + +If you would like to see my worksheet the link is [here](https://docs.google.com/spreadsheets/d/1vtpRKAHPunIpvfQ-gB7HeoM19DY-pQTKOPplhJMEE78/edit?usp=sharing). + +[DCF1 Screenshot](https://imgur.com/a/XF1Nsxm) + +[DCF2 Screenshot](https://imgur.com/a/gygcPsH) + +**Closing Thoughts:** + +As we have seen over the last two years, being able to work digitally along with making file storage easier to access for external and internal users is becoming increasingly important. While the company is not growing crazy at 30% YoY for their sales, they are continuing steady growth along with buying back shares to give back to shareholders. Also, this being a founder-led company truly gives the management more incentive to continue growing the business over the next 5 - 10 years.  +First time posting here so please don't mind the formatting. I needed advice on the following- +Which policy is the best to for a 24yr old working woman with a salary of 3.3lpa and looking to invest over a period of 15-20 years. We've checked out LIC Jeevan Anand. Is it good enough or are there better policies in the market which can be considered? +If so, how do you use it to generate returns? Do you use it as a way to create a tax shield? Do you lease out its mineral rights? + +Really curious to learn more as I am thinking of just purchasing land without the intent to build anything on it. +I am in Nevada. I owe $12,070.23 on the remaining principal balance through silver state credit union. The vehicle has only been used a total of roughly 2 weeks over the past 1.5 years. The registration is not up to date. What are my options and where should I start in order to lift this financial burden from my shoulders. Any advise is appreciated. +I'm currently making ~$560 per week and I'm living with my parents so I don't have to pay rent/utility/groceries. Would it be okay for me to invest $350 in stocks/cryptocurrency on a weekly basis or should I be saving more? +Can someone please explain to me, when the market is red my penny stonks are green and when the market is green my penny stonks are red. Today is case in point, green all day whilst market is red, market finishes green and I end up in the red!?!? +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). +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. +[https://www.afr.com/property/residential/sydney-s-inner-suburbs-post-sharp-house-price-falls-20220302-p5a0vp](https://www.afr.com/property/residential/sydney-s-inner-suburbs-post-sharp-house-price-falls-20220302-p5a0vp) + +Beaconsfield 9.2% drop + +Newtown 6.6% drop + +Surry hills 6.1% drop + +Birchgrove 6% drop + +Anyone with CoreLogic RP can shed more light into what the current trend is for other inner city suburbs? +So, I was digging more about this whole Wu-Tang Theory, and I started reading articles about the lawyer who facilitated this deal back in late July. Peter Scoolidge had this to say about the deal in his interview with Vice the day after the deal was made: + +&#x200B; + +[https:\/\/www.vice.com\/en\/article\/jg8kxg\/we-talked-to-a-lawyer-who-listened-to-the-pharma-bros-wu-tang-clan-record](https://preview.redd.it/0t1zepnh2iv71.png?width=654&format=png&auto=webp&s=0e13018e368fedbeae9b4f4c3780f4eea0a20e63) + +This led me down a rabbit hole of finding more information about this lawyer, which brought me to his LinkdIn profile. He claims to have worked on some interesting topics: + +&#x200B; + +https://preview.redd.it/8wk2q4xo2iv71.png?width=785&format=png&auto=webp&s=9d0482daf4cbe6a1e4fa6a7dce01344be8b22ac7 + +&#x200B; + +https://preview.redd.it/shqak63q2iv71.png?width=747&format=png&auto=webp&s=f74c1214d1aff88c2e19aab8e618aa54103d084d + +Hey! I know some of those buzzwords! + +Also, I think this was mentioned by another user here before, but I can't for the life of me find the original post. This is getting more tinfoil-y, but in the same interview with Vice, Peter Scoolidge said this: + + + +https://preview.redd.it/113ucg1z2iv71.png?width=665&format=png&auto=webp&s=64249c6ca1763d4e15b4cf4b23238b45992f2233 + +Although it took PleasrDao nearly 90 days to finally reveal themselves, exactly 30 days after the purchase of the Wu-Tang album was completed, our man, RC, tweeted about 60s music and pillowfights. Exactly 60 days after the purchase, he tweeted about it taking money to buy whisky. + +Now, I don't know about you, but that is a hell of a *cohencidence*. Also, (tinfoil intensifies), could these tweets be snippets of lyrics from the never released album itself? +Hey all. So, BSC has been a nightmare lately with rug pulls, pump and dumps, and various other rubbish. It probably doesn't come as a surprise, but the porn industry is also a fairly lawless place, particularly when you are creating your own content (a la OnlyFans). Stuff get stolen all the time and posted for free. + +$PORN is a token by Adam Zhu. A Full-Stack Software Engineer who's friend's OnlyFans content was stolen. As a result, he's spent the past 6 months building a blockchain-based product, to utilise NFT-like structure to watermark content – SPECIFICALLY to prevent this from happening in the future. The token's purpose is to help financially back this project, allowing for the hiring of a few extra engineers and designers to make sure it's really well-rounded! (More on the site link below.) + +I'm obviously not the dev, but I have already put my money behind this as I think it's a great cause and it really has a chance at being a SOLID BSC token. Charts are looking really bullish right now, as well. Give it a look! + +🍊Website: [https://buyporntoken.com](https://buyporntoken.com) + +🥞Purchase: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x31b9773f225408129a90788ef013bd449e283865](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x31b9773f225408129a90788ef013bd449e283865) + +🔒Proof of LP lock and renounced contract: [https://dxsale.app/app/pages/dxlockview?id=0&add=0xa404CC2Ee61f070a18d2B57eB2C98893811aF65b&type=lplock&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=0&add=0xa404CC2Ee61f070a18d2B57eB2C98893811aF65b&type=lplock&chain=BSC) + +📈[https://charts.bogged.finance/?token=0x31b9773f225408129a90788ef013bd449e283865](https://charts.bogged.finance/?token=0x31b9773f225408129a90788ef013bd449e283865) +Good morning /r/personalfinance, + +After screaming into the wind over in /r/news, I thought I'd come explain to you why the Reserve Requirement Ratio being set to 0% doesn't matter for you. There seem to be some significant misunderstandings about what it means, what the Reserve Requirement does, and how it affects consumers. + +First, the Reserve Requirement is the amount of cash (or cash equivalents) banks must maintain on deposit at the Fed. This money is used to settle interbank transactions and to encourage banks to maintain a certain level of **liquidity**. + +Second, if a bank's reserve account is below the limit set by the Fed, they simply borrow from other banks, overnight, at the Fed Funds rate. Banks with excess reserves will lend money to other banks with insufficient reserves at the Fed Funds Rate. On balance sheets, these are recorded as Fed Funds Purchased and Fed Funds Sold. When the Fed Funds Rate is 0% (like it is now), banks can effectively borrow from each other for free (realistically, almost free, since they'll still pay a few basis points). If the banks can't borrow from other banks (due to credit concerns, for instance), the bank can borrow directly from the Federal Reserve at the Discount Window (which currently has a rate of 0.25% for primary credit and 0.75% for secondary credit) to maintain adequate reserves. Setting the reserve requirement to zero, simply means bank's won't need to borrow from the fed or from each other at a very nominal rate. It essentially eliminates a small expense for banks while greatly reducing accounting transactions and interbank liabilities. + +So, what does this mean for the average depositor? + +**Nothing**. + +Just because banks don't need to keep liquidity at the Fed, doesn't mean they *won't*. They just don't need to incur an expense if their liquidity levels dip below the prior rate of 10%. Banks are also required to maintain Contingency Funding Plans (Funding and Liquidity Risk Management -Interagency Guidance) that creates a framework to ensure they maintain sufficient liquidity levels in times of stress and have sufficient contingent liquidity sources to meet their needs in those specific times of stress. + +Additionally, large banks are subject to the Liquidity Coverage Ratio, which is a requirement of Basel 3 (which are basically international banking accords). This requires Large Banks to maintain sufficient liquid assets to cover 1 month of out going cash flows. + +>Will this cause my bank to fail? + +Unlikely at this point. Compared to the 2008 crisis, banks are better capitalized, have better liquidity risk management processes (including the above mentioned contingency funding plans), and hold higher levels of liquidity. Banks are in a better position to defer borrowers, allowing them to recover before they become past due. + +>Does this mean bank's can lend an unlimited amount of money? + + +No, *No*, **No,** A thousand times no. This is the biggest misconception I've see (and honestly, the entire reason for my post). A reserve ratio of 0% does not mean banks can lend an unlimited amount of money. It means they can lend 10% more money (at most). Think of the reserve requirement as the minimum you need to maintain in your checking account before you start incurring maintenance fees. The Fed has simply waived that balance requirement and is waiving all the fees for everyone. + +>But what about Fractional Reserve Banking? Doesn't that mean bank's can lend out money they don't have? + +No. Per accounting rules, banks can't lend out money they don't have. For every dollar of assets (loans, investments, cash, etc), they need to have $1 in liabilities (deposits or loans)) or capital equity (surplus, retained earnings, etc). + +IF a bank has $100 in liabilities/capital, the bank must have $100 in assets. If a bank has $200 in liabilities/capital, they must have $200 in assets. There's a reason we call the balance sheet a balance sheet. Because it needs to **balance**. + +Further, banks are constrained by their Capital ratio (Assets divided by capital). This is part of Basel II, Basel III, 12 CFR 3, 12 CFR 6, and various parts of interagency guidance. Leverage ratios are around 9% for Large bank holding companies, and 10% for other bank holding companies (https://www.federalreserve.gov/publications/2018-november-financial-stability-report-leverage.htm). This means banks are leveraged about 10 to 1. This is much different than the financial crisis when it was closer to 20-1. (5%). And certainly much higher than Lehman Brothers, which had a leverge ratio of 31-1 (or 3.2%). + + +I hope this effectively explains why the reserve requirement going to zero doesn't matter for you. + +Recommended Reading + +https://www.thebalance.com/reserve-requirement-3305883 + +https://www.frbdiscountwindow.org/ + +https://www.occ.treas.gov/topics/supervision-and-examination/capital-markets/balance-sheet-management/liquidity/index-liquidity.html + +https://www.fdic.gov/news/news/financial/2010/fil10013.html + +https://www.investopedia.com/terms/l/liquidity-coverage-ratio.asp + +https://www.federalreserve.gov/publications/2018-november-financial-stability-report-leverage.htm + +**TLDR**: Removing the Reserve Requirement does not allow unlimited lending, eliminates the need for short-term borrowing despite the current nominal cost. Banks have other liquidity and capital constraints. +After a crazy day, we can safely say that BINGUS is heading to the moon ! + +After gaining the support of several ENORMOUS names such as Rocky Kanaka, Bbno$ and moistcr1tikal himself, we can safely say that BINGUS is looking bullish as hell. + +Today it almost reached a new all time high before taking a little rest. Cats like to sleep and Bingus is not different. THIS IS THE TIME TO HOPE ON THE BINGUS TRAIN ! + +Why ? Because in addition to those huge names the project also got confirmation of its upcoming CoinMarketCap listing ! + +If that's not bullish, then I definitely don't know what is ! + +Add to this all the great stuff mentioned time and time again such as fully doxxed team members, locked liquidity, passed audit, LLC status, thousands of dollars of donations made to animal charities and thousands more to come very soon... And you got not only a potential 100x, but a safe one at that ! + +And it doesn't even have the word Safe in its name ! That alone should be a buy signal ! + +TLDR; Bingus took a little break and is waiting for you. DYOR and join the madness ! + +Holders: 3,976 + +MCap: 4.4M + +WEBSITE : https://bingus.finance/ + +PancakeSwap: https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8 + +Twitter: https://twitter.com/BingusToken + +Telegram: https://t.me/bingustoken2official + +Discord: https://discord.com/invite/qKdZdd558F + +Chart: https://charts.bogged.finance/?token=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8 + +BSC Scan: https://bscscan.com/token/0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8 + +Locked liq (RUGPROOF): https://dxsale.app/app/pages/dxlockview?id=0&add=0xD4b8658E84cbd04eDa9010D46186F497b264A942&type=lplock&chain=BSC + +DISCLAIMER: I am financially invested in Bingus so DYOR, but do it fast. +After a crazy day, we can safely say that BINGUS is heading to the moon ! + +After gaining the support of several ENORMOUS names such as Rocky Kanaka, Bbno$ and moistcr1tikal himself, we can safely say that BINGUS is looking bullish as hell. + +Today it almost reached a new all time high before taking a little rest. Cats like to sleep and Bingus is not different. THIS IS THE TIME TO HOPE ON THE BINGUS TRAIN ! + +Why ? Because in addition to those huge names the project also got confirmation of its upcoming CoinMarketCap listing ! + +If that's not bullish, then I definitely don't know what is ! + +Add to this all the great stuff mentioned time and time again such as fully doxxed team members, locked liquidity, passed audit, LLC status, thousands of dollars of donations made to animal charities and thousands more to come very soon... And you got not only a potential 100x, but a safe one at that ! + +And it doesn't even have the word Safe in its name ! That alone should be a buy signal ! + +TLDR; Bingus took a little break and is waiting for you. DYOR and join the madness ! + +Holders: 3,976 + +MCap: 4.4M + +WEBSITE : https://bingus.finance/ + +PancakeSwap: https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8 + +Twitter: https://twitter.com/BingusToken + +Telegram: https://t.me/bingustoken2official + +Discord: https://discord.com/invite/qKdZdd558F + +Chart: https://charts.bogged.finance/?token=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8 + +BSC Scan: https://bscscan.com/token/0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8 + +Locked liq (RUGPROOF): https://dxsale.app/app/pages/dxlockview?id=0&add=0xD4b8658E84cbd04eDa9010D46186F497b264A942&type=lplock&chain=BSC + +DISCLAIMER: I am financially invested in Bingus so DYOR, but do it fast. +I originally put a version of this post in /r/personalfinance and realized it was the wrong sub. Someone directed me to fatFIRE, so here I am. I've edited the post, adding some information and clarifying some stuff to make it better. + +The facts: + +* I am FI and thinking about RE to sail around the world slowly. I am trying to sort through why this is important to me and whether this is something I'll regret doing--or not doing. +* I am in my late-40s. I'm divorced and I am not remarrying. Even though my divorce was easy and went fine, I will not intentionally trust a judge with making decisions about my finances or life ever again. I'm committed, however, to someone special who is happy with our relationship and who understands that I will not get legally married again. +* My kids are grown and college is mostly paid-for with 529 plans. I'll pay the balance (\~$100K) in the next few years. +* My significant other has children too, and she works full time. I support the household, although she buys groceries (which, to her credit, costs a lot!). I love her kids too, but she has 529 plans for them and it is not my plan to pay for their higher education (they also have wealthy relatives for that). Her kids are partially what is holding me back from leaving now, but they'll be on college soon too (time flies, people) and/or we've talked about taking them. +* I have friends, hobbies, and am pretty happy most of the time. The antidepressants probably help too. +* I live off of between $150,000 and $200,000 per year, providing for the family, and have a great quality of life. Most of that is highly-discretionary (e.g., $40K on travel last year) and I could easily live off of a lot less. +* I drive used cars, wear second-hand clothing, and have generally inexpensive tastes, but I do own a very nice (second-hand) sailboat. It's my passion and, as noted above, I'd love to circumnavigate one day. +* I'm a leader in my industry. I've accomplished as much as I'd ever dreamed possible and more. I think people would be very surprised to see me walk away from it. I also think there are people who would kill for my position. +* I make about $2 million per year from this primary business. If I leave it's really **done**. I cannot sell it and, once I leave, there's no going back to that level of income. I could go back to the industry and make a decent living, but I'll never be able to return to that level of income without making sacrifices that I'm not prepared to make again. \[I'm not revealing my business or industry, sorry, but it's a legitimate profession and I'd rather not dox myself.\] +* I have a side business that kicks off about $200,000 a year. I probably could **not** run it successfully from afar, so if I leave then it's gone too. +* I have another online gig that kicks off about $40,000 a year. I could obviously keep this going from afar. +* I have over $1 million in retirement savings invested in index stock funds in tax-advantaged accounts. +* I have more than $10 million invested in taxable accounts, mostly intermediate-term, high-quality municipal bond funds at Vanguard that kick off \~$25,000 per month (obviously this is free of federal taxes). Assuming rates stay this low for the foreseeable future, that income could drop to \~$20,000 per month . . . I obviously live off of less. +* Since everyone loves ratios (including me), that means I am 10% in equities and 90% in munis for now. +* I hate volatility and used to be an active trader. It was addicting for me. During that time I made fortunes and lost fortunes. I'm done trading (like a recovering alcoholic) and like the low risk, predictable set-it-and-forget-it income and lack of volatility from munis. +* Nothing is perfect, but munis seem pretty close to perfect for me right now (I'm getting about a 5% +/- return on the money on a tax-adjusted basis) and multiple experts seem to think the equity markets (which I believe are overpriced) are not likely to return more than that over the next decade. +* If equities dive materially, I am willing to be a buyer but I am a value-guy and like things "on sale." I know this will be unpopular and I am not wishing pain on anyone, but I'd like to see equity markets dive 30% and the VIX spike above 40 before going shopping for equities. If that never happens, so be it. +* I have a deep distrust of people in the financial services industry (so no wealth managers, thank you). DIY for me. +* I have all my Estate stuff set up with my lawyer. +* I've invested in RE in the past. It's a chore, in my opinion, and that market is also widely overpriced. I bought multiple properties in 09/10 and sold them last year for a lovely profit. I don't miss them or the hassle. +* I have zero debt. I own my home, a second home, sailboat, and cars free and clear. +* It is **not** possible for me to take a 6-month (or more) sabbatical from my work. If it was, I do it in a heartbeat. +* I don't find any of my businesses particularly stressful and enjoy my work, but I feel as though I need to do something different with the rest of my life--a new chapter. Sailing would be part of it, but I'd find other outlets too (such as volunteering, teaching, writing, mentoring, etc). +* After some weekend reflection, I realize that my identity is **not** my profession or money; I am driven by the desire for high achievement. I wonder whether I will miss pursuing those difficult projects from my profession and whether pursuing them will be the same when I am not "rolling in the dough" like I am now (i.e., my high income affords me the opportunity to do some of these things that other people, who are trying to get by, cannot do). +* I am grateful and know that I'm lucky although, strangely, I really don't **feel** "rich" but I know full well that I **am**. + +I've tried to cover a lot. Here are my questions: + +1. What are your thoughts on walking away from making $2 million+ per year to go sailing (or whatnot) if you could **not** go back? Doesn't that seem reckless? Then again, life is short and I'm young and healthy. Money isn't everything and I seem to have plenty. \[My partner is in the same industry and she makes \~$150K-ish per year. She doesn't have this problem since she knows she could go back and make that anywhere.\] +2. I know 90% munis is going to make some people pucker, but really what is the alternative for a safe, tax-efficient set-it-and-forget-it investment that returns a tax-adjusted \~5%? Corporate bonds are MUCH more risky than munis (the default rate is less than .5% for munis) and I am very well-diversified and conservative within that sphere. The biggest risk for me, I think, is some immediate non-grandfathered change in the law that changes the tax exempt status of muni income, but I am not worried enough about that to make any changes. +3. All that said, I am open to any input. I guess I'm just looking to talk it through. +It will be 3 years in May since I gave up Heroin. I have about 7k in debt from about 10 years ago and 2-3k in smaller, more recent debts in collections. I currently make $70k a year with solid benefits. I’ve heard different things from different people and found credit repair websites that make big promises but I would really like to hear from someone who either works in the field or has climbed out of a similar situation first hand. +Thank you Reddit! +I cheer the economy reopening but I doubt we are out of the woods already. + https://www.cnbc.com/2020/05/26/stock-market-futures-open-to-close-news.html +Guten Morgen to this worldwide community of Apes! 👋🦍 + +Oh, this is shaping up to be a great week in GME history! Yesterday's price action gave strong hints of a runaway early on, but through a combination of off-exchange trades and aggressive shorting the Short Hedge Funds managed to buy themselves another day. However, we all know that their position is unsustainable and the MOASS is inevitable. Apes with Diamantenhände will see this through, and HODL as the SHF's world crumbles around them. + +Today is Tuesday, August 31st, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$212.11 / 179,74 €** *(volume: 2776)* +- 🟥 115 minutes in: $212.14 / 179,76 € *(volume: 2736)* +- 🟩 110 minutes in: $212.31 / 179,91 € *(volume: 2625)* +- 🟩 105 minutes in: $212.15 / 179,78 € *(volume: 2560)* +- 🟥 100 minutes in: $212.09 / 179,72 € *(volume: 2439)* +- 🟩 95 minutes in: $212.12 / 179,75 € *(volume: 2424)* +- 🟩 90 minutes in: $211.75 / 179,44 € *(volume: 2367)* +- 🟥 85 minutes in: $211.30 / 179,05 € *(volume: 2260)* +- ⬜ 80 minutes in: $211.47 / 179,20 € *(volume: 2247)* +- ⬜ 75 minutes in: $211.47 / 179,20 € *(volume: 2237)* +- 🟥 70 minutes in: $211.47 / 179,20 € *(volume: 2179)* +- 🟩 65 minutes in: $211.58 / 179,29 € *(volume: 2081)* +- ⬜ 60 minutes in: $211.56 / 179,28 € *(volume: 1865)* +- 🟥 55 minutes in: $211.56 / 179,28 € *(volume: 1856)* +- ⬜ 50 minutes in: $211.58 / 179,29 € *(volume: 1835)* +- 🟩 45 minutes in: $211.58 / 179,29 € *(volume: 1825)* +- ⬜ 40 minutes in: $211.56 / 179,28 € *(volume: 1785)* +- 🟩 35 minutes in: $211.56 / 179,28 € *(volume: 1767)* +- 🟥 30 minutes in: $211.46 / 179,19 € *(volume: 1626)* +- 🟥 25 minutes in: $211.70 / 179,39 € *(volume: 1623)* +- 🟩 20 minutes in: $212.82 / 180,34 € *(volume: 1242)* +- 🟥 15 minutes in: $212.80 / 180,32 € *(volume: 1222)* +- 🟩 10 minutes in: $212.93 / 180,44 € *(volume: 1184)* +- 🟩 5 minutes in: $212.92 / 180,43 € *(volume: 1183)* +- 🟩 0 minutes in: $209.72 / 177,71 € *(volume: 142)* +- 🟩 US close price: $209.20 / 177,27 € *($210.20 / 178,12 € 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 1.1801. 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) + +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. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Had an odd experience tonight. I've been in the market for a new vehicle as my car is on it's last legs and repairing it isn't an viable option anymore. Had been looking for a couple months and finally narrowed it down to a model I liked. + +When it came time to negotiate price, the sales person handed me a credit application. I told him I had already secured financing through my bank and wouldn't need to finance with the dealer. He then said they are only selling vehicles if the customer uses their finance company. No outside finance agencies and no cash payments allowed. They also only accept up to $2000 for a down pagment. They quoted me a rate of 8% (for reference, I was approved for 2% through my bank). He said I had to at least make 4 payments through their finance company before refinancing. Payments would have been $800 a month with their plan. + +Needless to say, I got up and walked away. My question is, is this a normal practice? It's been a few years since I've bought a car, but I've never been told I can't pay cash or use my own finance company. This wasn't a shady used car lot or anything either. It was a normal new car dealership. +This is an update of my previous post, [“$250k the boring way”](https://www.reddit.com/r/financialindependence/comments/c4ppcl/update_250k_the_boring_way/) and my original post, ["$100k the boring way"](https://www.reddit.com/r/financialindependence/comments/6tuhr2/100k_the_boring_way/). I’ll recap as best I can but all the details are in those if you're interested. + +**Summary** + +Reached $500k (now $600k, sorry I'm lazy) net worth from a starting point less than -$100k in about 8 years mostly through consistent saving. Net worth chart included below. All salary numbers are gross. + +**Quick Recap** **^(that keeps getting longer am I getting old)** + +My wife and I are both 32 and live in the Pacific Northwest. We met when we were 24 and I estimate at the time that we had a combined net worth of close to -$120k. I’m an engineer (EE) and my wife is a public school employee. + +On our journey to $250k net worth we: + +* Both got graduate degrees. +* Found new jobs and moved from Midwest to PNW to be closer to family. +* Progressed our careers and salaries: $67k to $116k for me and $54k to $80k for my wife. +* Had a baby and wife took some unpaid time. +* Bought a house + +**Updates** + +Second half of 2019: Nothing really happened financially but we did take a family vacay to NZ and Fiji for 2 weeks. Somehow made it work taking a 1.5 year old halfway across the world and can't say enough about how much I would recommend both places. Can't say it was always relaxing but I would do it again. Also found out we were going to be having another baby. + +In the last update my job had just added on-call pay. I ended up with about $5k of this bringing me to $121k total compensation. + +2020: Our son was born in early March right as the pandemic was lifting off. I still haven't decided if this was a great time to have a baby or a horrible time. Financially, our timing was (purposely) a lot better with the school schedule and combined with a new maternity leave policy at my wife's job, she didn't have to take any unpaid leave this time around. + +At my job, I got another 5% merit raise plus COLA increase bringing me to my current base salary of $126k. Looks like I'm on track for another $5k of on-call pay on top of that. My company went all remote so I haven't been back to the office since the day my wife went into labor. I'm liking the work from home situation a lot and expect that I will be WFH at least 2 days a week once the office is open again. + +We refinanced our house in the spring from a 30yr 4.5% down to a 20yr 3.25% loan which increased our monthly payment but saves us an estimated $120k over the life of the loan, so that's nice. I'm actually working on another refi right now to get down to 20yr 2.875% to save an additional $30k. I imagine I'll call it good here but hey you never know. + +This fall when school resumed, we made the decision to drop my wife down to part-time. This has been our plan from the beginning: work 5 years to qualify for the Teacher Loan Forgiveness program and then go to just 3 days a week in order to have more time for family but still accrue full years towards the pension. + +On that note, we applied for the Teacher Loan Forgiveness program in June as soon as my wife's 5th year had ended. Our application was rejected by our servicer Nelnet 3 times before being sent on to the Dept. of Education in September. It was a very slow and frustrating process but ultimately was worth the hard work, as we found out just last week that it was approved and $17.5k was instantly removed from our balance. I got a lot of questions on this program last time - all the details can be found [here](https://studentaid.gov/manage-loans/forgiveness-cancellation/teacher). We have just $10k of loans left now that we will let sit there until they start accruing interest again or are forgiven by the new administration. + +**Chart** + +[Here is our financial journey summed up in one line](https://imgur.com/VDa8UcH). It's definitely starting to look like more of a curve now. The inflection points that used to stand out just kind of look like noise now, so here are the relevant dates in list form: + +1. 7/2/15 began tracking net worth. +2. 3/29/16 crossed $0! We are worthless! +3. 5/24/17 crossed $100k net worth. +4. 8/10/18 crossed $200k net worth. +5. 6/11/19 crossed $300k net worth. +6. 1/17/20 crossed $400k net worth. +7. 8/25/20 crossed $500k net worth. +8. 12/3/20 crossed $600k net worth. + +**Current Finances** + +* $90k e-fund, $5k in an HSA. +* $326k of investments, mostly lazy index 3-fund portfolio. +* $189k equity in our home +* \-$10k of student loans remaining +* Current savings rate is down to 40% from 45% one baby and 55% no babies. +* Monthly expenses have gone up quite a bit, looking like our budget is about $7k which seems crazy to me. Luckily daycare isn't forever I guess. + +**Thoughts** + +Salary + +I mentioned in my last update that I was closing in on the salary cap in my current position. At the end of this upcoming January I will get like a 1% raise and be maxed in my band. Unfortunately to go higher means I would likely need to take on a supervisory role, and I'm not sure yet if that's something I want. I've been doing all the required trainings for that just in case but I really like the position I'm in now so no rush I think. + +Now What + +Student loans are what initially set me down this path of aggressively saving and investing. For 8 years now they have weighed on me, sometimes heavily (and that's even with knowing that our career choices meant we would be okay and get them paid off eventually). The loan forgiveness was something we carefully planned for. It's definitely a weird feeling to be essentially student debt-free after pouring so much time, money and energy into dealing with them. Luckily I can fill this void with a very long to-do list. + +Near term, I need to put a priority on making a will for us and making sure all of the stuff related to that is in order. Along those same lines I'd like to get some extra life insurance going besides just the basic coverage we get from work automatically. Still haven't put a lot of thought into our strategy for saving for college. We are likely buying a minivan (please give me all your minivan tips and recommendations) in the next couple months. Longer term, we have started talking about what a home upgrade might look like for us. + +**The End** + +My third update (at least to me) seems even more boring than ever. Having a new baby and navigating the pandemic at the same time meant that in the past 9 months I really haven't had much time or energy to think about saving, spending, or retirement so it all just sort of happened on its own. Before preparing to make this update I hadn't logged in to categorize our transactions since June which is crazy for me. I basically stopped coming to this sub vs being a daily reader. I'm most definitely in "the boring middle" now. + +In the last update I had said "The financial peace of mind is extremely valuable to us as we navigate the wonderful and scary world of parenting". Well since then, we doubled down on the parenting and added a global pandemic on top. We are extremely fortunate to still have our jobs and our health, and I don't take that for granted. To not really "worry" about money during this time is a luxury to be sure, but one that we worked hard for. + +Thanks for reading, everyone. Back to saving now. See you at the $1M update! +Complaint: https://drive.google.com/file/d/1k6W90Mo2pG6hktsiVS5WyRK7phrzzh_z/view?usp=drivesdk + +Exhibits: https://drive.google.com/file/d/1bsFu1a4Xm7KrQ2s0Sh_48ElKj_LdRih5/view?usp=drivesdk + +Hoping I don’t go to federal prison for sharing this, even though it’s public record. That’s how much I love you all. I’m willing to risk maybe going to federal prison. +StepChange recognise that many people find it difficult to talk about debt, that’s why they provide free, non-judgmental, and confidential debt advice to hundreds of thousands of people every year. Their advice and solutions are based on a comprehensive assessment of your situation. They also provide practical help and support for however long it’s needed. + +**Unsure whether or not you need debt advice?** + +StepChange wants you to know that they have an extensive website, with lots of information on our services and solutions. You can put a budget together at your pace, and you can also talk it over with an advisor through online chat. + +Whatever your financial solution, by answering a few simple questions, StepChange can provide support on guidance to help you understand what to do next: + +[www.stepchange.org/start](https://www.stepchange.org/start) + +If you need free and confidential debt advice that’s specific to your situation, please use the online debt advice service listed above, or contact StepChange by telephone. For more details, please take a look on the [Contact Us](https://www.stepchange.org/contact-us.aspx) page. + +**Get any of your debt questions answered here.** + +From 1pm on Wednesday 3rd November until 4pm on Friday 5th of November, trained advisors from StepChange Debt Charity are here and waiting to answer any of the questions surrounding debt that you may have. They’re a friendly bunch so please don’t be shy! + +Important: The advice 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 that in the reply.* +StepChange recognise that many people find it difficult to talk about debt, that’s why they provide free, non-judgmental, and confidential debt advice to hundreds of thousands of people every year. Their advice and solutions are based on a comprehensive assessment of your situation. They also provide practical help and support for however long it’s needed. + +**Unsure whether or not you need debt advice?** + +StepChange wants you to know that they have an extensive website, with lots of information on our services and solutions. You can put a budget together at your pace, and you can also talk it over with an advisor through online chat. + +Whatever your financial solution, by answering a few simple questions, StepChange can provide support on guidance to help you understand what to do next: + +[www.stepchange.org/start](https://www.stepchange.org/start) + +If you need free and confidential debt advice that’s specific to your situation, please use the online debt advice service listed above, or contact StepChange by telephone. For more details, please take a look on the [Contact Us](https://www.stepchange.org/contact-us.aspx) page. + +**Get any of your debt questions answered here.** + +From 1pm on Wednesday 3rd November until 4pm on Friday 5th of November, trained advisors from StepChange Debt Charity are here and waiting to answer any of the questions surrounding debt that you may have. They’re a friendly bunch so please don’t be shy! + +Important: The advice 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 that in the reply.* +I'm looking to purchase my first home and wanted to know where to start and what is the best route. Also, are there perks in some states but not in others for first time home buyers. + +I've heard stories of people wishing they knew something or picked a different loan (I didnt even know there were different types) + +I'm the first in my family to purchase a home and want to do it the best way. + +Thanks to all in advance +Just a quick update to say thanks to everyone who commented on my previous post. + +Thanks to the advice here, I pulled out my savings to pay off the dreaded credit cards (what a relief!) one has been cancelled and the other will be once I’ve saved some more back. NEVER getting a credit card again. + +I’ve also reached out to a mortgage broker. Thanks to the ones that pm’d me, but I’ve gone with a local one who knows the area. + +I’ve also been going through our bank accounts to track exactly where our money’s been going. I thought I had a pretty good handle on it but some areas had slowly blown out A LOT. Once those are addressed we should get to our goal even sooner than hoped. + +So thanks r/ausfinance. + +Hopefully I’ll be back sooner rather than later to ask dumb questions about the buying process. +Hi, + +I am from Spain and me and my brother both moved out abroad to study 6 years ago, and have not lived there since. My father developed an illness 10 years ago and had to be put in a nursing home. As a result my mother was left with a huge amount of financial pressure (which eventually lead to alcoholism) and has since been struggling hard. She currently has around €50k in personal debt as well as a €100k mortgage on the house with a private company (this was refinance to cover a different mortgage). The interest rate for this loan is in my opinion ridiculous, standing at 12%. She claims she was left with no other choice as no bank would approve her, especially during the pandemic. + +She has now been offered a new mortgage of €180k, at a rate of 9%, to pay for her personal debt and replace the latest mortgage on the house. She is extremely keen on taking this loan and I feel she is not thinking rationally. She claims that once she is able to pay off all the debt, she will be able to focus on that single loan and also work on getting refinancing from the bank with a suitable interest rate once the pandemic settles down. + +The house is in me and my brothers name and is currently valued at around €600k. I am looking into possibly selling the property. Do you have any advice on how we can approach this? +Hi all. So for some background on myself and whats triggered this financial advice search: + +Im from a pretty poor working class family in the UK. I got myself an education and now I live in Germany working in the tech industry. Although my earnings are pretty modest compared to my co-workers, I quite likely earn at least as much as my parents do now. Im 31 and only just managed to get myself financially comfortable (ie. have disposable income and not just trying to make ends meet, although I did only just start paying back my student loan). I didnt know anyone growing up who had properties (outside those paying off mortgages), or who invested in anything or even ran their own businesses, so I have pretty much no idea about the financial world and not really anyone to ask. + +I had an eye opening conversation with one of my supervisors today, who recently bought a plot of land and has just finished building a house for his family. Before that, he had managed to save a heck of a lot of money over the years. Apparently another coworker of mine has two apartments in two different countries she bought and is paying the mortgages now for both. Im currently looking for a new apartment to rent - Ive been living in shared apartments for 13 years since my student days, and now Im finally earning enough to have my own small place and finally get that pet I always wanted. The apartments the size and in locations that I want is slightly out of my price range if I want to make decent savings every month (im aiming for around 1000EUR saved per month), but my supervisor seemed to think it was a very decent and reasonable price, and when i told him it was going to be a bit of a struggle for me he seemed surprised (and so I may have laid the seeds of me requiring a substantial raise in the near future lol). Im just turning 31, and I have 3000EUR to my name - no assets, no investments, no clue, but also no credit card debt, at least. Ive spent so much money on rent over the years, im starting to feel like its such a waste. But I dont have the security of knowing I will be able to find work in my very specific professional sector in the future in this city, which is why until now I havent even thought about getting a house (but the info about my coworker with 2 houses changed my perception a bit). My supervisor recommended I get some advice from a financial advisor, but I feel like paying to go see one when I dont even know where to begin is not the wisest of ideas. + +Frankly I dont know what to do with any of this information. I feel like perhaps im not achieving the full potential I could be with my wages at this point, and I have no idea where to go with it and what I should look into. This post is tagged as Property but im looking for info or advice on anything that I maybe should be doing to maximise my earnings and/or assets for the future. If anyone has any advice for me, or any information resources I can start educating myself with, id very much appreciate it. +**PsychoMarket Recap - Tuesday, December 1, 2020** + +Stocks continued rising today, with each of the major indices hitting fresh intraday record, before selling off somewhat in the last hour of the market. Market participants are eager to extend gains after a historic November performance. The Dow posted its biggest monthly gain since January 1987 with an advance of nearly 11.9%. In the S&P 500, the energy, financials, and industrials sectors led the index’s 10.8% rise, as market participants rotated back into many of the names that had been beaten down the hardest earlier on during the pandemic in the wake of positive vaccine news. + +The positive vaccine news led analysts to raise their predictions for 2021 after Pfizer (PFE), Moderna (MRNA), and AstraZeneca (AZN) each reported promising vaccine data in their clinical trial, raising hopes that an effective solution to the pandemic could roll out relatively soon. Fundstrat Managing Partner Tom Lee said in a note Monday he believed the S&P 500 would end 2020 at 3,800, implying another nearly 5% upside for the index. However, given the surge of coronavirus cases in the United States and Europe, Jerome Powell tempered optimism. He said, “Recent news on the vaccine front is very positive for the medium term. For now, significant challenges and uncertainties remain, including timing, production and distribution, and efficacy across different groups. + +According to Worldometer, as of Tuesday, there are 13,919,870 confirmed cases of COVID-19 in the U.S. According to the same chart, 274,332 people have died from the virus in the U.S., and 8,222,879 have recovered so far. In the month of November alone, the US added more than 4 million cases, double the amount from October, according to the Johns Hopkins University. There were around 168,000 new cases reported Tuesday, with health officials expecting worse to come given the travel that took place during Thanksgiving in the US. + +**Highlights** + +* Zoom (ZM) reported way better-than-expected earnings but the market was not impressed, stock down more than 15% at the time of writing. + * EPS of $0.99 vs $0.75 estimate + * Revenue of $777.2 million vs. $694.5 million estimate. Revenue is up 366.5% on a year-over-year basis. +* Zoom (ZM) rated by many reputable analysts as NEUTRAL or EQUAL-WEIGHT with price target very close to current levels. Seems analysts not expecting much from Zoom after earnings. +* U.S. airlines could receive $17 billion for four months of payroll support under a new $908 billion bipartisan Senate COVID-19 relief proposal, a spokeswoman for Senator Mark Warner said Tuesday. We’ll keep you posted if there are any developments. +* Amazon (AMZN) is bringing its AWS cloud-services to the Macintosh operating system for the first time, allowing developers to create apps for iPhones, Macs, and other Apple (AAPL) devices +* Bank of America has officially joined other U.S. banking majors in refusing to finance oil and gas exploration in the pristine section of Alaska that President Trump last month opened to drilling for the first time ever. +* According to Adobe, Cyber Monday sales reached $10.84 billion, rising more than 15% year over year. That is at the low end of the 15% to 35% range the firm projected, but still makes it the largest online shopping day in U.S. history. Adobe now expects online sales to reach $184 billion for the holiday season as whole, down from a prior estimate of $189 billion. +* The total monthly sum bet legally on sports in the US likely topped $3 billion for the first time in October, according to analysts at Benchmark, citing state-level data, a new record. We particularly like DraftKings (DKNG) in this space. +* Kandi Technologies have been pulling back steeply after the publication of a negative report from Hindenburg Research, the same short seller that made allegations against Nikola in September. The company said it would investigate the allegations +* GrowGeneration (GRWG) target raised by Lake Street Capital from $28 to $40 BUY. This is one we love and frequently post about!! +* Starbucks (SBUX) target raised by Wells Fargo (WFC) from $100 to $113 OVERWEIGHT. +* Square (SQ) target raise by Needham & Co. from $230 to $250 at BUY. Stock currently around $210s. +* Li Auto ( +* LI) with huge target raise by Goldman Sachs (GS) from $20 to $60 at CONVICTION-BUY. Stock currently near $40, very bullish. +* Moderna (MRNA) with huge target raise by Argus from $88 to $200 at BUY. Company recently filed its COVID-vaccine with the FDA +* Micron Technology (MU) target raised by Keycorp from $70 to $74 at OVERWEIght. Stock currently around $65. + +"You learn more from failure than success. Don't let it stop you as failure builds character." - Unknown +Surely the price of some items in supermarkets can’t have risen as much as supermarkets charge for them? + +At Coles the price of a LOT of items has increased ridiculously. For example, Maggi Chicken Noodles used to be $5 for a four pack. Today they cost $7.50. + +How can they justify a 50% price increase? + +I just spent $100 on milk, bread, after school snacks and dinner for two nights. + +Ugh. +I found this sub about a year after becoming invested in r/personalfinance and changing my financial situation around. Prior to r/pf I was making ~35k/year, I had just bought a 27k car, and was spending half of my income on rent. I was a financial mess, and I have zero excuses given I grew up in a relatively financially-savvy home and have a functioning brain (sometimes). + +In my time reading r/fi, there is a very common theme I see here: + +1) A significant amount of people here are engineers - software or other. + +2) A good amount of the people here who aren't engineers comment on the fact that they aren't engineers and don't know how to pursue FI without those high-paying jobs. + +There is no denying it, those jobs are rather sexy at the moment. I have family and friends who work in programming, and the offers they get with nice salaries, stock options, benefits, etc. are definitely enviable. Now, in 20 years when there is an absolute glut of programmers and no one to come out and fix your leaking shower, perhaps the salary of programmers will decline and plumbers will be the next hot career. Who knows, but hopefully anyone reading this now will be retired in 20 years regardless! What I call tell you, though, is that sales will *always* be hot. + +For those of you not programmers or engineers by trade, allow me to make the case for a career in sales with my own personal story. + +I graduated with a relatively worthless degree in science that would probably earn me gainful employment in the range of ~$16/hour. I'm a fairly introverted guy and the idea of sales never once crossed my mind until I was offered a job out of college in that industry. The base was decent and I took it. + +In these past few years I have been an average performer. I do not prioritize work over my personal life in any way. Despite that, I have routinely accepted job offers with more and more responsibility. I attribute most of this due to my ever-present pestering of recruiters to make sure they are aware that I exist. In that time my salary has gone from ~35k to ~45k to ~60k to ~90k. I recently interviewed for a job paying ~150k, but I turned down the final interview as I didn't like the product and want to grow within my current company. + +Here are a few misconceptions I have learned about sales along the way: + +* You have to be attractive, outgoing, smooth-talking, and a slime-ball to do well. + +Allow me to tell you that I am not good looking, I am average at best when it comes to talking with others, I am not quick-witted, and I am 100% transparent in how I deal with customers. 100% of my success in sales so far has come down to how I analyze my territories, and how I approach deficiencies in them. I am very analytical in this, whereas most people in sales tend to just go out and do busy work. It's very, very easy to be the person who is busy all day and still has lousy numbers. For example, I grew my territory 8x above my quota (80% growth vs. a target of 10%) last quarter simply because I went after the obvious sales. I found customers in my area that were buying less than I thought capable, or customers that had stopped using us for no reason. Many of my colleagues spin their wheels trying to squeeze a few bucks out of current clients when they have other clients that can easily triple their buying. My manager is very similar to me in that he is not "salesy", he's shy and very straightforward in how he deals with clients. He is now the sales manager for our company, and the last guy you would expect to be in sales just by speaking to him. + +Similarly, the days of lying your way into a sale are over for anyone who wants to be involved in high-paid sales (tech, medical, etc.). People have reputations to uphold, and the industries are small enough that most reps in lucrative industries will bend over backwards to make a customer happy. When I up-sell clients, I am 100% honest in why I recommend a more expensive product. When I discuss competitors, I do not lie and disparage them, but rather focus on my strengths. Conversely, I am constantly hearing from clients that a competing rep came in and lied about my product. How far will they go in sales? Probably not too far. + +* Sales is a serious grind, takes everything out of you and leaves little for life:work balance. + +Very industry-dependent. Sales, like many careers, really can be as hard or as easy as you want. Right now I work in a sales position where the accountability is fairly watered down. My work:life balance is incredible. My previous sales job was selling one product to one customer, and then moving on to the next. It was incredibly stressful because you were always looking for that next customer, and it was very clear how well you were doing (did I sell one machine that month?). + +* Only the uneducated wind up in sales, no one respects them, and the pay isn't great for most people. + +Okay, maybe half-true. Most people who end up in sales kind of fall into it, and a lot of them fail out of it because they don't respect the job/career. I don't think anyone really goes to school thinking they want to get into sales, but I think that's a shame. The entry-level sales jobs are a bit of a grind, you're a cog in the machine and no one really does respect you. Once you get a few years under your belt, however, things change. Job offers become more lucrative, the products become better, and the clientele you deal with begin viewing you less as a sales rep and more as a consultant. Next week, for example, I have been invited out to a physician's office to help guide him in creating a new practice based around some of our products. He has a vision and wants my help in how to make it become a reality. I'm not a salesperson anymore to him, rather I'm a consultant helping him build a practice. + +Pay-wise, sales is nearly unbeatable IMO. A general account manager-type position (dealing mostly with established books of business) can reasonably earn you 75-120k/year for not much work. The "hunter" who wants to go out and cold call, find new business, etc. can earn twice that or more in the right position. It is not uncommon for the highest paid employees in a company (outside of C-level) to be the salespeople, yet people often seem to have this misconception that sales is the unfortunate fallback for people who can't find a good job. It definitely does not have to be that. + +* Only the superstars succeed, everyone else picks up the scraps. + +I am definitely not a superstar. Only in my most recent position have I started doing well in sales. By all accounts, I'm a very average performer. My linkedin doesn't even have one bragging point on it (How much I beat quota by, what my ranking was, etc). I still get recruiters on the regular offering me more and more high-paid positions. As I said previously, I have tripled my salary in a few years, and I am now getting offers for more jobs that quite literally increase my current salary by 50-100%. Once you're in, you're in, and as long as you aren't a total slug about going to work, you can reasonably expect to move up in pay fairly routinely. + + +Here are a few other things that I find to be truly awesome about my career: + +* I set my own schedule. I wake up when I want. I go out to clients when I want. I come home when I want. I have no office to report to, no one watching how often I take breaks, etc. Hit your numbers and you have absolute freedom in many sales jobs. + +* I have an account management position and the work load is honestly light enough that I could pick up a second job. I'm field-based, so keeping two jobs separate from each other would be fairly easy. + +* It's the only career (that I can think of) where not only is being money-grubbing okay, it's encouraged. I tell employers that $$$$$ is my motivation and it makes sales manager hungry to hire me. + +* It's difficult to get bored in a sales career (for me, at least). If I don't like my product, I can change industries, companies, whatever. Each day is different - some days I do lunches with customers, some days I work on studying up on our products to understand them better, some days I just stay at home and do territory analysis/emails/etc. Again, the freedom is exceptional. + + +Of course, no career is without cons. Here are the negatives that I have personally encountered: + +* Some people really do view you as a lowly sales rep. Just the other day I went into an office to visit a physician who recently started using our products. She proceeded to chew me out in front of the entire office (with patients around us), telling me how rude it was to show up unexpectedly, how it was none of my business to meet her, that she had no interest in meeting a sales rep, and that her MD credentials meant she didn't need to talk to people like me (literal phrasing). I apologized for showing up unannounced (which is not uncommon or even frowned upon in 99.99999999% of sales calls I go on), and then told her that her manner of speaking to another human being was unacceptable. I walked out telling her that I was always available to help if necessary. I won't let anyone treat me like a dog, even if it's a customer, but you will find some that insist upon it. + +* The pressure to hit numbers can be tremendous. In my current job, one of my colleagues just hit his numbers for the first time in four years. In my last job, I missed my numbers for 3 months and wound up leaving for my current job as I felt the impending firing was coming. Clearly the pressure to perform is employer-dependent. This is somewhat avoidable depending upon what type of sales you get into, though (account management is far less demanding that business development roles). + + +Anyways, it's a slow day today and I felt like making a post about why a career in sales can be viable. Obviously it's not for everyone, just like programming or being a plumber isn't for everyone. It is without-a-doubt a viable career path towards FI for those who take it seriously, though, and it is one of the few career paths where a six figure salary with little necessary education is a reasonable expectation. Feel free to ask questions, challenge me, etc. +I love hype more than anyone but don't forget the most important thing is to juts buy and hodl. That's it. July 14 is just a regular trading day. This one is getting a little too much hype and speculative dd. We know nothing but buy and hodl. No official announcements have been made so please don't be disappointed if nothing happens at all my fellow apes. Buy and hodl. +🦍❤️🦍🚀🚀🚀 +Hi, + +I bought a single family house back in 2019 in Oakland CA for 800k with 5% down. I renovated the whole place (80k) so that each room has a master bathroom (5 rooms. No living room and dining area) and generating $6.5k a month. Even with only 5% down, my monthly expenses come out to $4.8k. With such positive cash flow, would I be able to charge a steep premium for my house if I wanted to sell it? +Situation: Bought duplexes after each of my kids were born in hopes that they pay for college 18 year later. Both paid off. +Valuation: $300000 +Rent: 2855. Not underpriced. +97% occupancy since purchase. + +Need the money for college. + +Worried about depreciation recapture. + +Looking for advice……. +For example, before investing in Apple, you were critical about how the company was dodging taxes and not doing enough for the American people but after you started buying shares, you stopped criticising its tactics? + +or + +that defense companies like Lockheed Martin or Boeing spend billions lobbying the government for favourable contracts etc.. +1. why? because I don't care about the life changing money anymore. I care about making the financial sector transparent. +2. sometimes there needs to be martyrs in war. +3. I do not care if Computershare has a $1 Million Selling Cap per day/order. not sure which it is or if it’ll matter. +4. it's time to add pressure. +5. I will continue buying shares through Fidelity, for the sole purpose of transferring them to Computershare. I like the idea of making brokers pay whatever it takes to find MY fuckin shares for MY transfer of MY assets. (maybe a transparent market would resolve what I am taking advantage of) +6. everything in my Computershare account currently is a martyr and will continue to be unless they remove the selling cap. even if they don't I will sacrifice my tendies... for yours. + +&#x200B; + +may God & Ryan Cohen, bless your tendies and bring transparency to the markets. + +&#x200B; + +*it was a fucking nightmare transferring my shares today to Computershare. I went back and forth between multiple agents because NO ONE wants to initiate the transfer and be left buying shares through dark pools!... we are close, and I am pushing us further. "power is not given, it is taken."* + + +&#x200B; + +edit: removed the melodramatics + +*signing off for a few days from posting, will come back to give back all the awards. in case i don’t see ya; good afternoon, good evening, and goodnight - truman ape* +This Fund has 5000 Different bond issues, from the S&P 500 companies. The chart, the fund, tracks S&P 500 debt. + +YTD the SPY debt is down 5.46%. On an annualized basis its more than 20%. + +[https:\/\/www.proshares.com\/our-etfs\/strategic\/spxb](https://preview.redd.it/5u71lv5tabp81.png?width=1348&format=png&auto=webp&s=d73f57abfc57fcb444b69b1e07e75d14aef716ed) + +[https://www.proshares.com/our-etfs/strategic/spxb](https://www.proshares.com/our-etfs/strategic/spxb) + +[https:\/\/www.proshares.com\/our-etfs\/strategic\/spxb](https://preview.redd.it/0257nmn0abp81.png?width=1334&format=png&auto=webp&s=e4ccc1c7f7405bc8ba9ec0d22cd4fea3b1117669) + +This fund never lost money before... + +[https:\/\/finance.yahoo.com\/quote\/SPXB\/performance?p=SPXB](https://preview.redd.it/kios73b4bbp81.png?width=1838&format=png&auto=webp&s=259c5f27b84029e611113bac3b60698b62877ae6) + +The 10 year average on these bonds is a 6% return. For decades, these U.S companies issued new debt, to pay off old debt. Rates went down, bonds were never redeemed, they instead issued new bonds to pay the old ones off. + +(This is similar to the FED, and the way that they printed more treasuries... printing new debt to pay off old debt) \*The Longer Treasuries tell the same story - Look at "TLT". + +Imagine this... Your'e a normal dude who racks up $4,000 on a credit card. But instead of paying off the card with your cash, you get another card to pay off that one. Then another card to pay off that one. They did this for 40 years. + +[https:\/\/am.jpmorgan.com\/us\/en\/asset-management\/adv\/insights\/market-insights\/guide-to-the-markets\/?gclid=EAIaIQobChMI6L7Z5s3e9gIV1Rx9Ch3QjASXEAAYASAAEgJ9A\_D\_BwE&gclsrc=aw.ds](https://preview.redd.it/ini5nm4wdbp81.png?width=1712&format=png&auto=webp&s=20187ec4f6eff12a9b9ae4ebe2b6aab1b00e0316) + +You don't have to invest in these companies. Game Stop has almost no debt and is actually about 25% cash and merchandise. Thats the difference. + +The FED refuses to raise rates because it will crush the Bond Market. These corporations will actually to have to buy back their issued debt (because they cant refinance now rates are going up, because they will get less interest for the same quality or better bond); the trillions needed are not there... Which means the dividends are no good... + +It has gotten to a point - where these companies... are issuing debt to pay their dividends. My theory is this... + +TLDR: **The SAP 500 Corporate Bond market is starting to crash. At some point... companies will have to use their cash to buy back bonds... This will effect the dividends - Once the dividends are effected these stocks will trade to a more fair value and crash. Other Corporations wont be able to redeem their debt - due to bad planning/covid... etc... and then you will start to see a bigger wave of corporate debt defaults in the coming years.** + +It just another thing that can f### this whole system up... Greedy banks issued too much debt and most of it is garbage. The US companies bought shares with the bond money, pushed their stock higher - and their CEO's got big bonus's. + +This should alert even more conservative investors. + +**The qtr is almost over and they cant paint the tape any more - Stocks and Bonds are falling and the investor community is starting to wake up.... I don't think its much longer now....** + +After thought: If inflation is 10 percent - who wants a bond that pays 6% - Inflation has messed up the whole system because a 6pct balanced pf wont beat inflation - All bonds, stuck in low yields are trapped - (Also bonds pay no where near 6pc today) +I am a futures ES price action scalp trader. I started my journey in June 2021 with a Ninja Trader account... For the first few months I traded on SIM until I got comfortable enough to go live trading the micro es futures (MES). However, I quickly got hooked to the potential money I could make trading the regular ES contracts so I've been trading the ES throughout my journey. The first 12 months I could be categorized as what Mark Douglas would call a "Boom and Bust trader" my equity curve would swing violently way up and way down because in hindsight I was mostly gambling. So as you can imagine, I've blown many accounts (at least 10). However I stuck with the process and finally found my stride. The only indicators I use is a 20ema, 100ema, and on occasion the RSI. I trade using a 2000 tick chart and scalp 2 contracts for 2 points. I have a full time job so I'm a part time trader. I trade the open at 8:30am cst and look for 2 - 3 scalps a day, somedays I might only take 1 trade a day... my only strategy is to wait for the market to pullback to the 20ema and scalp the "bounce" off the 20ema either short or long based on the context of the price action. After 15 months I finally had my first profitable month from September 5th 2022 - October 7th 2022. I net profited +$3,750 for the month. I know its not much but I just proved to myself that this is real and can be a lifestyle. I'm really looking forward to what the future holds and hoping to inspire people to stick with the process and find success! + +*Edit* +I'm blown away by all the engagement on this post. This is why I love this subreddit community! Thank you for all the engagement, advice, feedback, encouragement, and suggestions in the comments! I tried to respond to every comment I could and drop as much knowledge/insight into what I'm doing as possible. Sorry if I couldn't get to all of your comments. Everyone stay blessed! +Key Points: + +1. Quarter revenue drops 19% +2. Net Income declines 97% to 20Mil +3. Operating margin down 1.4% +4. 2020 Outlook: Negative Operating Profit and 40% decline in sales. +5. adidas maintains 1.975B on its balance sheet + +Stock rallied 4% + +* https://www.adidas-group.com/media/filer_public/dc/77/dc776afe-d148-4e5b-a0a5-169c564d1b46/adidasag_q12020results_final_en.pdf +* https://www.adidas-group.com/media/filer_public/6e/6a/6e6a09d6-adb0-4050-82f5-a050277822c5/fact_sheet_q1_2020_en.pdf + +(EDIT: adding market reaction) +Every few months I am seeing a few grams being shaven off the essential home needs, has anyone noticed this? + +It's unbelievable how the manufacturers are allowed to get away with continuing to shrink food while keeping the prices same or more costly. + +They cite things like Brexit, higher costs etc but it seems like BS to me. They just want to find other ways to increase profit. +The coronavirus recession was suppose to cause falls in house prices but they actually went up! Monetary and Fiscal policy worked together so that most people actually had increased savings and with nothing else to do we bought goods and property. Although when you buy a house, most people have to borrow from the bank, and using their serviceability requirements they gave out more generous loan amounts. + +Variable interest rates were around 3.5% pre-Covid, now it is around 2% (Reserve Bank dropped interest rates from 1.5% to 0.1%) how did it affect a person's borrowing capacity? It meant you could borrow an extra 21% compared to pre-COVID, ([https://imgur.com/a/ZAop3eg](https://imgur.com/a/ZAop3eg)), and not surprisingly the annual change in housing increased 22.4%. + +The main reason for property growth was the increased borrowing capacity, not because of population growth/demand, or scarce stock. The effects will reverse when interest rates start to go up, but that is another story. + +Edit: Thanks for all the 'interest' on this hot topic. I will be doing a follow-up post to actually quantify how much of an impact interest rates have on house prices. *Spoiler Alert:* It is a lot! +Hi! + +So it's in my 5-year plan to start buying residential investment properties as soon as I have the cash for it. I can live with high interest rates and depreciation as long as the cashflow works, but obviously if rents somehow hit the floor I might get stuck with a bunch of money pits. + +Just curious as to what some variables might be that would cause demand for housing to drop significantly? And what other factors might cause rents to drop in the long run? Thanks! +Throwaway for reasons I don't want people who know my account to know this. + +I have inherited roughly 4.75 acres of land on the opposite side of the country. It is roughly 16mi outside of a major city and the surrounding area is slowly being developed into housing. + +What should I do with this land besides selling it off? The land hasn't been touched in roughly 50 years so it is mostly forest. There seems to be a utility power line running along side the land but other than that not much else. + +I was thinking of spending a month or two and trying to clear out the woods myself with a chainsaw. + +What would you do with this land? +(17K holders) Cointiger listing 30-4, This May Very Well Be The Next Hidden Gem. 💎🚀 + +Are you done with all these scam projects and pump and dumps wrecking your bags? +Look no further, 420x is here to stay! +420x is all about the community, without a stable community no coin will survive. + +420x is about to SMOKE UP the crypto mainstream market! + +Join the Telegram for 24/7 support from the amazing team! - [https://t.me/The\_Real\_420X](https://t.me/The_Real_420X) +Why is this solid? Because the devs are businessmen, not kids. +You can experience this first-hand by joining the voice chat on Telegram. + +⚡️ Cointiger announcement: +[https://cointiger.zendesk.com/hc/en-us/articles/1500008791241-420x-coin-420X-Will-be-Available-on-CoinTiger-](https://cointiger.zendesk.com/hc/en-us/articles/1500008791241-420x-coin-420X-Will-be-Available-on-CoinTiger-) + +💬 Telegram: [https://t.me/The\_Real\_420X](https://t.me/The_Real_420X) + +🌐 Website: [https://420xcoin.com/](https://420xcoin.com/) + +🐦 Twitter: [https://twitter.com/420xcoin](https://twitter.com/420xcoin) + +🔥 Reddit: [https://www.reddit.com/r/420xCoin/](https://www.reddit.com/r/420xCoin/) + +\--------------------------------------------- + +Daily achievements! More to be announced on their Social Channels 😊 + +\- ATH Broke twice in one day! +\- 18M Market Cap ATH. +\- 17K Holders. + +\--------------------------------------------- + +Tokenomics: + +This is a deflationary coin (unlike us high af) with a limited supply. No more $420x can ever be minted. It has a transaction tax of 8% which is split 2 ways. + +💎 4% fee redistributed to all existing holders. + +💎 4% fee is added back into liquidity. + +Locked Liquidity: + +🔐 Liquidity: [https://bscscan.com/token/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a](https://bscscan.com/token/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a) + +\--------------------------------------------- + +Other Information: + +❇️ Contract: [https://bscscan.com/address/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a](https://bscscan.com/address/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a) (Audited by TechRate) + +🔐 Renounce TX: [https://bscscan.com/tx/0x8d8651755cbed537dddff56decd2d3e98e1b4d0e17d2579dcdc9ab2236a107f3](https://bscscan.com/tx/0x8d8651755cbed537dddff56decd2d3e98e1b4d0e17d2579dcdc9ab2236a107f3) + +📈 Charts: [https://poocoin.app/tokens/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a](https://poocoin.app/tokens/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a) + +🥞 PancakeSwap - A next evolution DeFi exchange on Binance Smart Chan (BSC) + +[v1exchange.pancakeswap.finance](https://v1exchange.pancakeswap.finance/) ([https://v1exchange.pancakeswap.finance/](https://v1exchange.pancakeswap.finance/)) +Hi, + +We had a collision a while ago where the other party tried to swing around us to run a red light. They misjudged and hit our back bumper. + +They did stop and we got a first name, mobile no and their rego. + +Trying to claim from insurance, but because we didn't get a last name we haven't provided all the third-party details and are assumed at fault (my interpretation anyway). + +After a bit of back-and-forth we've now been advised that our police report "... has not been reported correctly as a hit and run incident" and given instructions to file a new police report for a hit-and-run, stating the other party failed to stop (which is false). + +Feels super grubby from the insurance, firstly for stating we're at fault for not getting a last name and then for asking to file a false police report. + +Should I be reporting the insurer and to whom? + +tl;dr +Insurance is asking to file a police report for hit-and-run, when other party did actually stop. +In particular, I want to know 1) where you were financially and 2) what made you think it was necessary. + +For some context: I want to reach a point where I am able to afford a full-time live-in staff member who is willing/able to wear multiple hats as necessary (though I imagine a lot of the more physical labor would be outsourced/managed by them). What do you think the comfortable base for this would be? +From what I can tell these posts don't break any sub rules so maybe i'm just being a bit of a grump, but they just seem a bit low effort and not the sort of content I expect to see here. Am I in the minority here? + +Edit: Sorry, obvious typo in the title +This is just a discussion post as the DRS number isn't what many were expecting. + +First they fucked around: + +What if a nefarious actor (or actors) that has been monitoring this sub, saw the hope we have for DRS and decided to fuck around last quarter by DRS'ing a ton, then selling out before the quarterly reporting period? + +Why might they do that? + +Well, so that when they sold during Q3, the reported number would actually be lower. The narrative the last several days is 'ReTAil Is LEAviNg'. We've even seen stories about DRS the last several weeks, setting all this up. I'm sure they have the 'See ReTAil LEfT' articles already written. + +Today they found out: + +Even with an extreme level and effort of fuckery, DRS numbers are still HIGHER than last quarter!!! They failed in their effort. That narrative won't play. This is an amazing result. + +Again, just for discussion. Buy. Hold. DRS. +# 🟣 $GME shares Direct Registered at Computershare Update! -- As of April 30: 12.7 MILLION! SPLIT-ADJUSTED = 50.8 MILLION!🟣 + +https://preview.redd.it/lkgdy29u6bf91.png?width=636&format=png&auto=webp&s=94ddb059d4b6292b5ba386cc34fa1f4b4b946b83 + +**NEW HERE?** Are you wondering what DRS is? Do you want to know how and why people are Direct Registering their shares? **Please ask away in the comments! Try to search the comments first to see if your question has been answered. ✨NO KARMA RESTRICTIONS IN THIS THREAD!!✨** + +[July Megathread](https://www.reddit.com/r/Superstonk/comments/vp01of/drscomputershare_megathread_072022/?utm_source=share&utm_medium=web2x&context=3) + +[June Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/) + +[May Megathread](https://www.reddit.com/r/Superstonk/comments/ugnqsg/drscomputershare_megathread_052022/?utm_source=share&utm_medium=web2x&context=3) + +[April Megathread](https://www.reddit.com/r/Superstonk/comments/tdxn3w/computershare_megathread/?utm_source=share&utm_medium=web2x&context=3) + +**HAVE YOU GONE THROUGH THE PROCESS OR RESEARCHED IT?** We have some helpful people already willing to answer questions. If you want to be one of them too, hop in and help where you can. We appreciate every last one of you. This thread will sort by new, to make it easier to find unanswered questions. + +**WANT TO FIGURE IT OUT ON YOUR OWN?** [our comprehensive Computershare Guide](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) + +[LIST OF CUSTODIANS - for IRA shares](https://innovativewealth.com/wealth-management/research/self-directed-ira-industry/the-ultimate-list-of-self-directed-ira-custodians-and-administrators/) + +[IRA Guide](https://www.reddit.com/r/Superstonk/comments/whb8zj/drs_ira_shares_to_computershare_visual_guide_no/?utm_source=share&utm_medium=web2x&context=3) \-- involves moving shares to a custodian, please research the risks involved with various [custodians](https://www.abc.net.au/news/2021-03-05/share-custodians-holding-your-stocks-explainer/13177716) + +[another IRA Guide, this time using an LLC](https://www.reddit.com/r/Superstonk/comments/tc3n8g/how_to_drs_your_ira_shares_the_god_mode_cheat/?utm_source=share&utm_medium=web2x&context=3) + +[DTCC explaining DRS](https://www.dtcc.com/settlement-and-asset-services/securities-processing/direct-registration-system) + +When you buy through a broker-dealer, they will be in the "street name" aka they're registered with your broker-dealer. + +What can they do with street name shares but not with direct registered shares? LEND THEM OUT TO SHORT SELLERS! + +From DTCC - REDUCES RISK ASSOCIATED WITH PHYSICAL SECURITIES PROCESSING, INCLUDING TURNAROUND DELAYS, MAIL LOSSES AND RISKS ASSOCIATED WITH STOLEN, FORGED OR COUNTERFEIT SECURITIES\* + +link to Computershare's chart that shows that direct registered shares are removed from Cede & Co. / DTC: [https://www.computershare.com/PublishingImages/company-share-structure.jpg](https://www.computershare.com/PublishingImages/company-share-structure.jpg) + +link to Computershare's FAQ page that also has that chart: [https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies](https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies) + +FAQs + +**Do you want to post your DRS position but don't have enough karma?** Post in [r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/) to feed the bot, there's no karma requirements there. + +**How to transfer from Fidelity?** You can call or use the chat online and tell them you want to DRS your shares. They will send your shares over to Computershare for you. Once that happens, Computershare will send you a letter in the mail with your 'customer code' so you can set up an online CS account. + +If you don't want to wait for the code, you may be able to verify your ID online - After your shares no longer appear in Fidelity you can simply go to CS and register for your account with your SSN, Zip code, and the name of Gamestop. They will ask a couple verification questions and then you will have an account. If this doesn't work the same day the shares disappear, then check back in a day or two. + +**Can I buy/open an account through Computershare?** Yes. You have to create an account by adding your bank account info, then they send you a letter with your customer code. You use the code to create an online account. Once you have an online account you can create a purchase order. The money will take 3 days to settle, then they buy however many shares they can get with the amount of money you deposited. The shares take T + 2 days to settle. + +If you're outside the US you can use [Wise.com](https://wise.com/) and set up a bank account there, same process. [https://www.drsgme.org/buy-direct-registered-shares-from-computershare-outside-the-us](https://www.drsgme.org/buy-direct-registered-shares-from-computershare-outside-the-us) + +[YOU CAN USE GIVEASHARE IF OUTSIDE USA](https://www.reddit.com/r/Superstonk/comments/umu6nq/european_revolute_ape_here_just_drsed_all_my/) + +How to sell? You may request that Computershare sell all or a portion of your shares online at [www.computershare.com](http://www.computershare.com/). If you want to set the price you're comfortable with, a good-til-cancelled (GTC) limit order is your friend. If the stock reaches the price you set or higher, it will automatically sell for you. + +**Transfer Request forms** + +[TDAmeritrade](https://www.tdameritrade.com/content/dam/tda/retail/marketing/en/pdf/TDA371.pdf) + +[DriveWealth](http://pages.drivewealth.com/rs/124-INJ-520/images/Outgoing%20DRS%20Transfer%20Form%20V5.pdf) + +[E\*Trade](https://us.etrade.com/e/t/estation/ESReqCert) + +[Wealth Simple](https://help.wealthsimple.com/hc/en-ca/articles/4408382062107-Register-your-shares-with-a-transfer-agent-via-DRS) + +[Chat with Fidelity](https://www.fidelity.com/customer-service/contact-us) + +**Guides for various brokers** + +[IRA using Mainstar (do your own DD on various custodians)](https://www.reddit.com/r/Superstonk/comments/whb8zj/drs_ira_shares_to_computershare_visual_guide_no/?utm_source=share&utm_medium=web2x&context=3) + +[SCREENSHOT of my Fidelity Chat from 03/30/22](https://imgur.com/X3NpAQH) + +[Degiro to IBKR](https://www.reddit.com/r/Superstonk/comments/ra4mp3/degiro_to_ibkr_transfer_effective_in_4_days/) + +[Danish/English guide to transfer to and from IBKR](https://www.reddit.com/r/Superstonk/comments/u1k6n8/we_need_translations_to_get_people_outside_the_us/?utm_source=share&utm_medium=web2x&context=3) + +Guide for [CANADA](https://www.reddit.com/r/GMECanada/comments/qpwjvx/new_canadapes_read_here_first_before_posting/) + +**How to DRS from Vanguard** + +Call the Vanguard Outbound DRS Transfer agent at: 855-730-0325 + +Provide them with your brokerage account details, your Social Security Number (they no longer rely on you providing your Computershare account number anymore), and how many shares you would like to transfer to Computershare. + +Total call time was 8 minutes. They said it will take 5-7 business days to arrive in Computershare. + +**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 I will manually approve it for you💜! + +To reduce clutter I will remove off-topic comments. + +[GME plan details](https://cda.computershare.com/Content/7e2c2c4c-aeb6-4614-83a3-b67e32756a78) + +To search Superstonk posts for brokers, guides, anything using the platform [u/Elegant-Remote6667](https://www.reddit.com/u/Elegant-Remote6667/) made [click here](https://app.powerbi.com/view?r=eyJrIjoiMDljZTA3NGUtMjJiYS00YjQwLTk5MTktM2VlNWQ5ODViYjM5IiwidCI6IjI4YzVlNGJkLTVkNmMtNGI1OS1hMGU5LTBhMjQ0Mzk4OTNiZSJ9) +Not sure if this is the right sub to post this so please delete if not. + +I sold my friend a car about two years ago. They paid me some cash up front and agreed to make monthly payments. It was total handshake agreement. + +They were making regular payments until COVID hit and their income situation was crushed. I was flexible and was lax on asking for payments because my financial situation was still good. + +My friend just passed away and still owes a few thousand on what we agreed. Their parents got in touch with me about settling things, but we haven’t met yet. + +I’m just not sure what to do here and curious if anyone in this sub has either been through a similar situation or has any perspective on what they would do. + +Thanks in advance. + +TLDR: friend passed away and still owes money on a car I sold them. Not sure what to do. +Taken from the Guardian article: + +https://www.theguardian.com/australia-news/2020/mar/20/australian-housing-market-will-hit-the-wall-in-coronavirus-recession-experts-say + + +Something myself and my partner have been wondering is what direction the market is going and there's obviously been a few posts and comments discussing this on here, and probably will be for some time. + +One of the things I can't figure out though is the article mentions that Melbourne's auction clearance rate was 65.6% on the weekend yet the REA auction report has it at 74%. How can there be such a large discrepancy? +https://www.bp.com/en/global/corporate/news-and-insights/press-releases/bp-to-exit-rosneft-shareholding.html + +>bp will exit its 19.75% shareholding in Rosneft. + +>Both bp-nominated directors to resign from Rosneft board with immediate effect + +>bp will no longer report reserves, production or profit for Rosneft + +>Changes in accounting treatment of Rosneft shareholding expected to lead to a material non-cash charge + +>bp’s financial frame and distribution guidance remains unchanged. +Should I go for it? Basically my life is currently in ruins, my gf is breaking up with me and kicking me out (apt under her name I know I played myself, I trusted her completely). I don't like the job I'm at anyway so I'm thinking of leaving it and taking this as a rebuilding opportunity. Forex is something I've been toying with for awhile but haven't been able to dedicate myself with work, gf and friends. + + +I have property out of the country I can stay in, so I can rent out a room and live off of that money. I have a car there as well... I can effectively work on forex as my full time job. My fear is if I'm horrible at it and completely bomb... It's hard to grasp exactly what I can get out of it because it seems like your success depends so much on your personal dedication and skill. + + +I'm thinking of about a 6 month timeline at first to see how it goes, and extending to a year as long as I've been making SOME sort of progress. My goal is to hit a point where I can support myself through forex and move back to where I am now. I need about 2.5-3k cad a month to make it work here, and I would continue to try growing that but that's my first big goal. I KNOW it's dumb to ask how much I can make, I just want to know is this POSSIBLE, does this plan make sense or am I being a fool? +Most people here seem to make their fortunes the slow and steady way - usually a decade or two of investing in index funds while having a high income. + +&#x200B; + +But has anyone fatFIREd after a large, sudden windfall of cash? + +How did you deal with friends/family, anxiety and the sudden lifestyle change? + +Any interesting stories to share? Or even boring stories that someone could learn from? + +&#x200B; + +(explanation of sudden wealth syndrome: [https://www.investopedia.com/terms/s/suddenwealthsyndrome.asp](https://www.investopedia.com/terms/s/suddenwealthsyndrome.asp) ) +I am 37, software programmer, estonia,and most of my life i have been bad with money and have been renting my living spaces. But as of today i have no debt and have 120k on my bank account. I calculated if i were to invest that money with a minimum 6 percent yearly return i would probably would be able to live off that interest doing nothing. But right now i live with my father and apartment he owns (4 apartment house) is in bad shape , there are days when water drips from the ceilings when it rains and heating bills through the roof. So it hit me, i am that old already and if i am not gonna buy my own place now i never will. So i found this new built home i am about to sign, it's gonna set me back about 30k plus monthly payment but i am thinking having my own place i can enjoy is worth it. The rest of the money goes toward a sp500 etf or similar but with time i hope i can reach that level of financial freedom again fairly quick. What would you do in my place? Would be interesting to hear your thoughts. +Might be a noob question so forgive me but lets say I invest in VWCE for 30 years. After 10 years the global picture changes and capital switches to lets say China. Does VWCE rebalance the stock ? Now its 60% US, because US has the most capital dominance, if the capital goes to China does VWCE rebalance to lets say 60% China if the capital goes there ? +Hi, + + +I wanted to share with you some feedback after opening an account with Degiro an buying my first shares, along with 2 things I wish I knew. + +What I liked about Degiro was of course the low fees. I first looked at Interactive Brokers which seemed very complete. I opened an account in a few hours but did not complete it because I noticed the high inactivity fees. + +When I opened an account with Degiro, I was a waiting list at position around 2000 and it took 1 or 2 months... This is very long but very worth it since fees are very low (some ETFs are even without fees), and the user interface it great and very user friendly. + +Now 2 things you should be aware of : +- if you choose a Basic account (those with lowest fees) they will lend your shares to other customers. Be aware that you won't be able to change between Basic and Custody later. +- Degiro is based in the Netherlands, and due to the legislation there are not allowed to keep cash as they are not a bank. When you keep cash on Degiro, they will invest it in money market funds. These have a negative interest rate for Euro, meaning you will loose money if you keep cash on Degiro. They will compensate it up to a certain amount. + +Hope this feedback is useful to you if you are considering Degiro ! +I have an offer to meet a financial planner to talk about investments . I've never met with one before. Is it going to be a waste of time and is there a chance I could be taken advantage of? +This is a judgement free zone. +Everything that gets aired in here, stays in here +(also in your post history forever) + +Hi. +My name is compleks, and I'm still holding onto DW8. +So three months is in a high yield savings account and the other half I am investing. My wife thinks I am dumb for putting half in the market but I don’t like the idea of all that money just growing at 1.5% instead say avg. 10%. + +Edit 6 hours later: First, thanks for all the great responses! The consensus so far is "It Depends." Circumstances such as job security, family status, overall risk tolerance, and liquidity play a part in deciding. However, when you begin to invest any money, whether for emergencies or not, it does lose some liquidity and introduces some risk, so it it really fair to call it an emergency fund? However, some noted that you could always use a card to pay for the emergency while you are selling out of stocks. Again, that would be user preference. + + - Plan: Discuss with wife what she is comfortable with --> probably end up moving from 50/50 to more like 70/30 (70 being savings). +How can I start this.. the paradigm that defines our role on GME needs urgent and drastic clarification if we are to steer this thing back onto the road.Whether we want to admit it or not, we're fucking drifting atm. The hype is dying as all hypes do, the whole thing is glued with spit and running on pure randomness and doom inevitability ("we're all poor so we don't care, it's either moon or bankruptcy"). + +TH THA THA TH, time out. + +Listen up fucktards, I'm poor too, but that's not the point. We need to go over the whole situation with perspective, and this is not some detailed nerd shit so it'll go easy on your 2 braincells. + + +Repeat after me: we are not gonna trigger the short squeeze. WE ARE NOT GONNA TRIGGER THE SHORTSQUEEZE. +It's easy to fall into disbelief by misunderstanding our part in all of this. We are not triggering shit, so all the retards YELLING buy buy buy every time it starts to go up need to come back to reality. It's NOT our job to trigger the short squeeze nor would we be able to. + + +Picture a roman colosseum (an old stadium you mongs). In the middle of the arena, down in the pit you have all the shorters doing their thing, having a jolly good time. There's several tunnels surrounding the pit and leading OUT to freedom. + +To get the short squeeze we need them right there in the pit, so that's done. They're already there, shorting GME to shit, not by 13% which was enough to rocket VW share price 5X back in 2008, but by a staggering 50% to 130% (numbers irrelevant, point is the ammo is more than enough). As you can see there's plenty of shorters in the pit, so they're confident and comfortable. + + +Now, for the shortsqueeze to work you need 2 things: + +\- a boogeyman +\- something blocking the goddamn exit + + +The boogeyman is ANYTHING that makes them fear for their billions and run for the exit trampling each other on the way out. The less shares available for them to cover their shorts the smaller this boogeyman can be, because they will panic knowing they may not be able to cover at all, meaning THE END. +It could be literally a thousand different things, and the longer we go into the future the more likely that something will HIT. Could be someone scooping up an extra slice of the company (Ryan Cohen for example), earnings blowing out, anything. And this company has received SO MUCH free advertising in the last few weeks it's not unreasonable to think that they are at a historic turning point (not gonna get into the reasons why it's already a great value investment), and it will soon show. + + +THEN, we come. +We, the group of INDIVIDUALS that happen to be investing in the same stock because we like it. + +What are we? We are bodies. +Pilling up. +On the fucking exits. + +The more shares you own the fatter you are, and the fatter you are the more space you take up on the exit. And my friend my friend, the hedgies are REALLY gonna need the exit when the boogeyman shows up. + + +Our role here is to buy as many shares as we can in order to clog the exit doors, so that the shorters have no way out when a boogeyman comes.If something big drops and there's not enough unflinching share ownership (buyers that won't sell no matter what), then the shorts will just make their way out and fuck all will happen. + +Sure, there must be a lot of individuals and institutions unwilling to sell to bail shorts if they need to cover, say most of the GME board for example and maybe a couple institutions, but likely not nearly enough. + +That's our part. If say half the people on WSB buy an average of 5 shares, that would be nearly 20 million shares. That's nearly 1/3 of the total GME shares available.If say, over a month we are able to turn that average into 10 per person, half of WSB would own a staggering 60% of all the shares, and you may say oh well that's not possible BUT JUST THINK ABOUT IT, many among us have investments in the hundreds of thousands, some even millions. Each one of those can bring the average up a hell of a lot.Heck, even I with my 20 shares god bless them, can make up for 3 people on WSB that bought nothing. + + +Time really is on our side, if we just keep gobbling up shares we can really block those exits for the shorts, and when the time comes they will panic because they will realise there simply aren't enough shares to cover - GME goes straight to the MOON. + +We don't need to worry at all, there is no losing here because mathematically it's a time bomb.THIS WILL NOT SURVIVE ON HYPE.HYPE IS NOT OUR FRIEND.Understanding the situation and calmly and patiently executing is how we can succeed. + + +We need to unify, clarify, focus and execute. + + +&#x200B; + +**TLDR -** + +**The GME gang is losing its way because its all hype now. Hype will kill this because hype dies.We need to clarify our role and execute with patience. We don't trigger short squeezes, our function is to accumulate as many shares as possible so that when the time comes and something big and positive drops, the shorters try to cover but can't because we have all the stock (or most of it), they panic and GME moons.Basically the only thing that matters is to keep accumulating as many shares as you can, and to understand your role. This diamond hand shit is NOT needed because the price is irrelevant, it's the inevitable math of the short squeeze that matters and that's where the focus needs to be.** + + +&#x200B; + +Obviously this isn't financial advice and everyone here does whatever the fuck they want anyways. +Was having a conversation with my mate who has recently moved out of his parents house and found a place to rent with his girlfriend. He was asking what the best way to bring up a prenup with his girlfriend because apparently after 2 years of living together you can be considered as a defacto relationship. I question him why he wants one and he said he loves her and everything but wants to insure himself financially because he makes more than double what his partner does and has $110k in assets while his partner is in debt. + +How would you/did you ask your girlfriend/wife for a prenup and when do you do it to insure all your past, present and future assets? + +Edit: I've shown him this reddit thread and he has said thank you for everyone's feedback. He said, $110k in savings might not seem like much but it took him a lot of effort to get it. He also said he has accepted a $200k/yr job which he starts in the new year, so his wealth should grow much faster and the salary difference from himself and his partner will get even wider. +2 years after Madoff was arrested [Ken Griffin makes an interesting appearance](https://www.businessinsider.com/steve-schwarzman-cliff-asness-ken-griffin-yonce-koch-brothers-2010-10) + +> The billionaire Koch brothers, the guys who funded a school dedicated to the study of Austrian Economics at Mercatus, a part of George Mason University, according to the New Yorker, invited about 200 people to a meeting this June. + +> On the list of people who he invited - and who the New York Times and Think Progress says attended - are the names of two big hedge fund managers: Cliff Asness and Ken Griffin. + +&nbsp; + +So there's an actual connection to the Mercatus Center [Hester Peirce anyone?](https://www.reddit.com/r/Superstonk/comments/sdc0ce/hester_peirce_voted_no_today_for_hedge_fund/) (there was a scheme to engineer Dodd-Frank to protect the names of foreign investors.) + +> [SEC nominee Hester Peirce received 98 percent of her salary directly from the Mercatus Center, a “think tank” that provides an academic façade to a radical anti-regulatory agenda.](https://theintercept.com/2015/11/12/nominee-to-oversee-wall-street-works-at-think-tank-dedicated-to-blocking-regulation/) + +> her formal title — senior research fellow and director of the Financial Markets Working Group at the Mercatus Center at George Mason University — which sounds a lot like an academic post. + +> But Peirce, new disclosures show, received 98 percent of her salary directly from the Mercatus Center, a “think tank” that provides an academic façade to a radical anti-regulatory agenda. The Center’s so-called research reflects the lobbying priorities of its corporate funders — chief among them, Koch Industries. + +> The Mercatus Center has been described by the Wall Street Journal “as a coordinating center for lobbyists trying to block a flurry of regulations.” Congressional records show the think tank routinely cited in over a dozen hearings over the last two years by lawmakers seeking to roll back regulations on business interests. + + +&nbsp; + +[Elad Roisman's law firm set it up](https://www.reddit.com/r/Superstonk/comments/rkuxnd/elad_l_roisman_is_suddenly_leaving_the_sec/) + +> [As a law firm representing a number of clients actively involved in markets for swaps +and securities-based swaps, we appreciate the opportunity to comment on selected issues raise by +the proposed rules issued by the Commodity Futures Trading Commission (the "CFTC") and the +Securities and Exchange Commission (the "SEC," and, together with the CFTC, the +"Commissions") that define key terms used and exemptions provided for in Title VII ofthe +Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010](https://www.sec.gov/comments/s7-39-10/s73910-88.pdf) + +> ***Non-U.S. Governments and their Agencies Should be Excluded or Exempted.*** + +> The Commissions' final rules should exempt or exclude non-U.S. governments and their +agencies from the definition of "swap dealer" and "major swap participant." Many such entities +enter into interest-rate, currency and credit default swaps to manage their currency reserves and +domestic mortgage and related securities portfolios. Agencies potentially affected include +central banks, treasury ministries, export agencies and housing finance authorities. The volume +of such transactions is substantial and may well exceed the levels proposed in the Commissions' +definition of "major swap participant." + +> We do not believe that Congress intended the requirements of Title VII to apply to these +entities, many of which are active participants in the swaps markets for legitimate governmental +purposes. To require non-U.S. agencies to register with the Commissions as swap dealers and +major swap participants would produce an incongruous result and would represent both an +unwarranted extraterritorial application of U.S. law and an unacceptable intrusion on the +sovereignty of foreign nations. + +> While it may be unlikely that any non-U.S. government or any of its agencies would meet +the definition of swap dealer, they are unquestionably significant participants in the swap +markets. Under the proposed rules, they could face the prospect of registration with the +Commissions, reporting sensitive financial data to a foreign, !.~. U.S., government regulatory +authority, and business conduct rules designed for commercial entities. + +&nbsp; + + + + + +[Money Citadel handles is 75%-99% foreign](https://reddit.com/r/Superstonk/comments/rfrqj3/has_anyone_ever_noticed_citadel_really_has_a/) this goes for the short sellers bunch. [Here's point 72](https://reddit.com/r/Superstonk/comments/rimp3q/point72_sure_likes_that_foreign_money_about_the/) + +And here is [Citadel's custodian’s and prime broker's](https://imgur.com/a/67S62yU).... in case you missed it. Page 13 says Credit suisse EU..... [The same ones shredding documents about Russian oligarchs](https://finance.yahoo.com/news/credit-suisse-caught-trying-shred-131208154.html) on the very next page [Deutsche Bank](https://www.ft.com/content/97b44628-450a-4535-8605-d5a7b8e5cbff) and [in case you forgot](https://www.ft.com/content/28744ecd-e798-4516-b9bb-6257b37f2377) + + +[Same guys as this](https://imgur.com/a/t5VmWFI) + + + + +[Check out the newer version of Madoff here](https://www.reddit.com/r/Superstonk/comments/q67qrl/is_citadel_really_is_trying_to_madoff_20_with/) notice they even coined it the meme exchange? (MEMX) + +&nbsp; + + +Do you know what happened around the same time Citadel got busted for the algos everyone is now learning about? (Mentioned in the above post) + + +> The Securities and Exchange Commission today announced that Citadel Securities LLC has agreed to pay $22.6 million to settle charges that its business unit handling retail customer orders from other brokerage firms made misleading statements to them about the way it priced trades. + + +> [The SEC’s order finds that Citadel Execution Services suggested to its broker-dealer clients that upon receiving retail orders they forwarded from their own customers, it either took the other side of the trade and provided the best price that it observed on various market data feeds or sought to obtain that price in the marketplace.  The process of taking the other side of the trade of the retail orders is known as “internalization.”](https://www.sec.gov/news/pressrelease/2017-11.html) + +Here's a great [image explaining it from the article]( https://imgur.com/z7dToxE.jpg) + +> But the SEC’s order finds that two algorithms used by Citadel Securities did not internalize retail orders at the best price observed nor sought to obtain the best price in the marketplace.  These algorithms were triggered when they identified differences in the best prices on market feeds, comparing the SIP feeds to the direct feeds from exchanges.  One strategy, known as FastFill, immediately internalized an order at a price that was not the best price for the order that Citadel Securities observed.  The other strategy, known as SmartProvide, routed an order to the market that was not priced to obtain immediately the best price that Citadel Securities observed.  + + +&nbsp; + +[Citadel, Apollo Global, Blackstone and Goldman Sachs](https://reddit.com/r/Superstonk/comments/urvkyh/i_found_an_article_from_2017_where_blackstone_is/) were busted paying companies to refinance to trigger CDS payouts. + +> Blackstone’s GSO has discussed a plan that would refinance some of the company’s debt, but with an unusual provision that could trigger payouts on CDS contracts that GSO purchased, according to people with knowledge of the matter. + +> An Apollo Global Management hedge fund is said to be among those that have bought up front-end CDS and could stand to profit if the credit swaps are triggered, people with knowledge of the matter said. And investors like CQS UK LLP are among those that have held positions on the other side of the trade and could stand to lose along with Solus if the swaps are triggered, the people said. + +> Other firms that have been involved in Hovnanian credit trades include Ken Griffin’s Citadel LLC, Goldman Sachs Group Inc. and BlackRock Inc. the people said. Representatives for the firms declined to comment. + +&nbsp; + +Apollo [targeted GameStop in 2019](https://www.reddit.com/r/Superstonk/comments/txl6do/dumb_stormtroopers_of_investing_world/) + +I'm sure it's fine [they live at the same place](https://imgur.com/pYuUE9w.jpg) + + +&nbsp; + +[Citadel and Goldman do a lot of illegal shit together](https://www.reddit.com/r/Superstonk/comments/qdhi14/the_trio_of_crime_citadel_goldman_sachs_and_bny/) like spoofing/wash trades. +do* + +(this can go for any sex btw...prenup with your bf - this is just my personal situation) + +I'm actually single now, but in my last recent relationship my girlfriend asked me if I was going to make her sign a prenuptial agreement. I said we would figure out something thats fair especially if kids came into the equation. But I didnt have a great answer. + +I guess ideally I think that a spouse should vest into wealth over time instead of expecting a payday if things dont work out. For instance if we marry for 3 years and she files papers I dont see why she gets anything at all. However, if we are together for 15 then that starts to change. And if kids come into play then it changes a lot but within reason. Maybe like 1-2% of my net worth (after year 2 or 3) per year for 15 years with a maximum of 25%? Do they even get structured like this? + +And what if you built a business, do you ring-fence that somehow? At the very least id want my net worth calc to be based on the book value of that business and not a multiple. I cant imagine buying your spouse out on future outlook value of a business, that would be a nightmare. + +This is all up in the air though and Im still thinking about whats fair. + +What are your thoughts? +To expand on the title, mobile contracts are technically debt as the creditor pays for the phone and you pay them back monthly. + +I’m wanting to have as little debt as possible and wondered if this community pays for their devices monthly or just buys their phone outright and upgrades as needed. + +Thanks! +I am 23 and a nurse. + +Currently, I make $34/hour normally. + +Due to the nursing shortage however, during overtime I make $140/hour, $155 on the weekends. Due to the incentive I feel compelled to work all the time. I generally work 48-60 hours a week. + +My body is tired; my mind is tired. I have goals I'm working towards and the crazy overtime pay really helps. + +I don't actually mind my job, I actually kinda like it. I do get to see my friends, albeit less than I'd like and I do lose sleep sometimes. I have been employed for exactly a year and have saved up over $50,000 towards my FIRE goal. I am trying to have $750,000 by the time I'm 35. I figure if I just work really hard right now I can rely on compound interest to take me most of the way. But fuck, I'm tired. + +I really want to keep just working my ass off until the overtime incentive runs out, because I feel like I won't have this opportunity forever. + +Anyone else been in a similar situation? How do you find a life/work balance in situations like this? +I've been building a crypto-trading bot network for quite a few months now. It's stable and doing pretty well. Two weeks ago I started a project where I gave a few bots $100 each and each week I review what happened, making a short YouTube video from the week. + +I show the charts and bot's trades, as well as the parameters I adjust every day or so, to optimize the bots' performances. I show some code and backend work here and there to share what I'm building and why. + +I'd like to share with my fellow Algo Traders, Software Developers, & Trading/Crypto Geeks. However, I see in the community guidelines that posting my weekly video updates here is a "no-go". Where can/should I post to share this journey with folks that want to see it? (ie. other sub-Reddits?) +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +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) +In fact I am going to double my overall position in BBUS today. Don't think dow can keep going up in midst of what's happening in America and it will come crashing down soon. + https://www.reddit.com/r/todayilearned/comments/jzq36t/til\_that\_the\_46\_billion\_streams\_of\_despacito\_used/ + +Lets also emphasize here this is for a MUSIC VIDEO and just one of millions of millions of YouTube videos. Nothing transaction wise or financial wise or savings wise or in anyway essential was achieved per these billions of streams. + +And what about Netflix? Someone have numbers on Netflix? + +Sorry, but a conversation about just Bitcoin is frankly selective at best. +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! + +**TLDR: We blew past the DN today, and now we have a higher probability of continuing this upward momentum.** + +Recap: + +[On 7/13, I called out that we were about to hit the DN, and it will probably mean we'll bounce off it, like we have in the past.](https://www.reddit.com/r/Superstonk/comments/ojevhv/knock_knock_knockin_on_delta_neutrals_door/) + +[But we didn't bounce off it, instead we sunk underneath it for the first time since February. I gave an overview of life under the DN.](https://www.reddit.com/r/Superstonk/comments/ok4chd/special_edition_down_under_the_delta_neutral/) + +[Today, it looked like we would blow past the DN, and I warned that sometimes stocks bounce off it like a ceiling a couple times before going over.](https://www.reddit.com/r/Superstonk/comments/oo5c7t/delta_neutral_update_coming_up_for_air/) + +Today - I'm happy to report that GME was given a choice.... accept the DN as the ceiling like the weakling or push through it... GME made its choice: + +&#x200B; + +[yessssss......](https://preview.redd.it/9yulxdq7tfc71.png?width=268&format=png&auto=webp&s=3af5256082e71d35391525a3536d082c6625e440) + +And to that I say.... + +&#x200B; + +https://preview.redd.it/bm3i1pfetfc71.png?width=537&format=png&auto=webp&s=071c422f39c69fc121b2c1ea9bfd49cb8c563f68 + +&#x200B; + +Updated graph below, showing the Close Price (green), delta neutral (blue), gamma neutral (orange) and gamma maximum (red). Log-based 10 scale below so you can see the gamma spikes in all their glory! + +[GME 1\/4\/2021 - 7\/20\/2021](https://preview.redd.it/s2vt0oigtfc71.png?width=910&format=png&auto=webp&s=bf4afc39cdaa6adddfa9ef229dfc953a62f7c94f) + +&#x200B; + +&#x200B; + +[GME 1\/4\/2021 - 7\/20\/2021 - log based 10](https://preview.redd.it/pnui6sxwtfc71.png?width=910&format=png&auto=webp&s=b750bbb248fb84e25e04e11f1008ef4f6563403a) + +Yes, there is a chance it will go back down, bounce of the DN (currently at $185), go back beneath and start all over. However, there is a higher probability that it will keep going up at this point. + +&#x200B; + +Our next target should be the gamma max point of $241. If we get there, then we should have the max amount of gamma to.... + +&#x200B; + +[BOOOOOOM!!!](https://preview.redd.it/tvqppvsoufc71.png?width=1920&format=png&auto=webp&s=bc0ded79f84838e8a0176788f7443f3fc8611869) + +Here are a couple options tid-bits for you before I sign off: + +* The 7/16 expirations did help with the call %, which is currently up to 28%. Highest it's been since 1/26/2021! +* 68% of volume was for calls today, so should help push that call OI higher! +* GME IV/prices are getting higher, so expecting the options buying to cool off a bit. +* Note that I don't think we're anywhere close to one until we start approaching the gamma max point (\~$240). Last January, the ATM gamma was between 0.07 - 0.18 prior to the squeeze. Last Friday, we were at 0.0004, up to 0.02 yesterday and back down to 0.01 today. + +Now it's time for the boring part of our story..... + +[\*yaaawwnn\*](https://preview.redd.it/xs87fj3qtfc71.png?width=1284&format=png&auto=webp&s=381b8d2f45c061e51eb8bd1392d961f4c94fec01) + +**Overview** + +In general, all stock indicators boil down to two things - reversion to the mean and momentum. Every trader wants to accurately predict these two forces better than other guy, and if you use different indicators than the other guy, that an give you an 'alpha' in trading if it's a better predictor. + +I make a lot of different indicators, but the two primary ones are the Delta Neutral and Gamma Neutral: + +* Delta Neutral (DN) - This helps identify **reversion to the mean**, and represents the underlying price that would create a total market delta of 0 across all GME options (all expiration dates) for a given date. In general, it acts like a floor to the underlying price, but if the price drops below the delta neutral, then it tends to shoot back up above that line. + * This is generally how I trade my model. I watch for stocks that drop below the DN, and buy them, expecting for traders to identify that the stock is underpriced and will revert back to a higher level. +* Gamma Neutral (GN) and Gamma Maximum (GM) - This helps identify **momentum. The GN** represents the underlying price that would create a total market gamma of 0 across all GME options (all expiration dates) for a given date, whereas the GM represents the underlying price that would create the maximum gamma across the market. + * In general, a sudden increase in gamma indicates a sharp upward in momentum that continues until that gamma drops. + * The GM seems to act like a ceiling, but fun things happen when the underlying crossing that threshold! + +This is my own personal 'alpha' that I developed for my own trading purposes, and am sharing with this community because it's given me back so much. This is not financial advice. I'm just a mathematician that likes to play with options data, and I am not a professional trader. + +***Methodology and Assumptions*** + +**Delta Neutral** + +The Delta Neutral price that creates a total market delta of 0 across all GME options (all expiration dates) for a given date. It can also be though of as the intersection of a supply/demand curve for hedged stocks. See the "Methodology and Assumptions" section for full detail on how I develop this indicator. + +Notes below for general options on how the delta neutral interacts with the underlying price: + +* There is a large influx of call option purchases, because: + * The call prices get less expensive as the underlying price approaches the delta neutral + * Stock prices usually rebound/revert back to the mean after large crashes, so the price often rebounds anyways. +* With the large influx of call volume, market makers have to start buying stocks to delta hedge, which turns the price back around and creates an upward trajectory. + * Important note that hedgies often hedge with derivatives instead of buying stocks, so there isn't a 1-to-1 relationship between the delta and shares bought/sold by hedge funds. +* Historically, you can see that GME often bounces off the delta neutral prices during drops. The exception is the February drop. When the underlying goes below the delta neutral price, a lot of pressure builds up that results in a significant increase when that pressure is released. + * Note this is the primary way that I trade my model. I made a scanner that looks for equities that fall below the delta neutral. + +**Gamma Neutral** + +The Gamma Neutral price that creates a total market gamma of 0 across all GME options (all expiration dates) for a given date. See the "Methodology and Assumptions" section for full detail on how I develop this indicator. + +General notes below for observations on how this indicator behaves: + +* It acts like support/resistance between the delta neutral and the underlying, and typically bounces around between the two prices for most symbols (like we have seen with GME since April). +* It also goes crazy in periods of high volatility, as you can see by the very higher spikes. +* A gamma spike indicates the presence of POTENTAILLY slippery option market conditions, which COULD lead to a gamma squeeze. There were certainly spikes present back in January, but we had a few one-day false starts this last month. +* They are often triggered by high price movement in a day, which can lead to continue high growth if underlying volume supports it. +* Gamma spikes can also be triggered by unusual options purchases during the day. These are the one ones to find, because you can often catch the high increase waves before they actually start. +* If I'm trading this indicator, I often either wait for a gamma spike to continue for 2 days in a row and supported by increased volume. Otherwise, I invest straight away if I find a gamma spike just based on options movement (i.e. no significant underlying increase yet). + +I write my own algorithms to produce the results above. The following lists some key methodology and assumptions I use: + +* I rely on daily options and stock summaries produced by [www.historicaloptionsdata.com](http://www.historicaloptionsdata.com/) +* For the Implied Volatility (IV), I use the following method: + * Calculate the raw IV of the mid-point between bid/ask price at close. + * Calculate a “blend” IV, which represents the IV where the call/put parity holds, i.e. where call delta – put delta = 1, using the same IV. + * Smooth the mid-point call/put and blend IV using a gaussian smoothing algorithm with a 20-strike window. + * Apply the smoothed call/put relativities to the smoothed blended IV curve + * Fill any missing values with a linear interpolation of the neighboring strikes. +* Using the final call/put IV estimates described above, I calculate my own Greeks. I like this source if you're interested in the formulas: [https://www.macroption.com/option-greeks-excel](https://www.macroption.com/option-greeks-excel) +* For the total market delta and total market gamma, I rely on the OI x delta and OI x gamma for each strike price. + * Note that the delta of a call is usually equal to (1 - put delta), so not adjustment is needed to the delta signs when calculating the total market delta. + * However, the call/put gammas are both positive based on the B-S calculation. If you're calculating the total gamma for a portfolio, or the total market, you have to add the call gamma and subtract the put gamma. +* To estimate the delta neutral and the gamma neutral, I have an algorithm that relies on the optimization toolbox in Matlab to identify an underlying price that achieve a total market delta and a total market gamma. +* Note that the IV would change with higher/lower prices for the delta/gamma neutral and the sensitivity tests, but the impact is not significant enough to make a meaningful difference and takes significant processing time to apply the IV curves. However, it is an important simplifying assumption to be aware of. +* Open Interest (OI) is always lagged one day for options summaries. The OCC releases final open interest on a given day, and it represents the OI for the close of the prior day. Therefore, the OI I get in my summaries on 6/28 does not represent the OI as of close on 6/28. It represents the OI as of close on 6/25. If you see a source like Yahoo give live OI throughout the day, they are only estimates, and their algorithm methodology for estimating the OI based on various price/volume movement is a closely guarded secret. Using the prior day OI is currently a limitation of the data available to me. + +*Disclaimer: I'm just a mathematician that likes to play with options data and builds models to trade for a hobby. I have no experience trading professionally or offering any advice to anyone. This is just one indicator for one type of price movement, and there are many other indicators that can help you make investment decisions.* +Since there are a lots of young newbies (not just in US market it is a worldwide trend). + +If you feel overwhelmed or overhyped about your positions, + +If you feel too proud and overconfident or too shameful and depressed about your current gain/loss situation, + +If you cannot understand and predict markets reactions to certain events and volatile and fragile contemprorary world situation (which is normal and you should not), + +It is normal for an investor/speculator/trader to take a break and step aside. + +You don't need to constantly keep track of unlimited possibilities; hyphotetical gains and losses, + +You don't need to actively be a Bear or Bull, + +You can step aside if you want to, think about millions/billions of people with no stock market involvement, it is not a freaking game which you can only win or lose, + +Try to develop a strong market psychology and escape plan or rapid positioning strategies and stick with it, and sometimes cutting cords from the market and being an ordinary cash holding observer can change your life. Missing a rally isn't the end of the world. + +Market is and always will be full of opportunities. + +and my personal motto: these violent delights have violent ends. don't be violent to yourselves. +Throwaway FI lurker. + +Just turned 40, married sole income earner with 3 kids under 10. + +I have ~$7.5m net worth with ~$2m in cash, $2m in 401k / IRA (60% allocated) , $1m in rental property, $1m in home equity, $1m in income producing company stock. + +I live in an expensive part of the country with kids in public schools that I don't want to displace, mortgage is <$1m. + +I have been working at a fever pace since I graduated high school, fought up to CEO role at an important regional business. + +I am exhausted after work every day and it's getting harder to deal with family needs after work, let alone any sort of hobbies or interests. + +As CEO weekends aren't off limits for work, and I usually wind up answering time critical emails throughout, take calls in the middle of weekend family activities. + +In moments of peace when I look at my balance sheet I don't understand why I keep pushing so hard. + +Part of it is disbelief that I could completely my nest egg into the market, and expect the return profile that most in the FI community can find their way too. + +Part of it is realizing that as far as I've come, in the next 10 years I could probably 2 - 3x my NW by staying focused and in the fight - lots of my contemporaries talk about building "generational" wealth as a badge of honor to keep up the hours. + +I have worked jobs ranging from hard physical labor on up, and I am extremely grateful for my position, but trying to understand a path forward. + +I respect the hell out of the FI community, welcome your comments. + +EDIT - I am humbled by the amount of time the FI community has put into your thoughtful responses, THANK YOU. Some true eye openers, I'm going to ingest and maybe post a follow-up with some additional pointed questions. +You either are a boomer or have a boomer mindset. "Wait, let the experts file first", "Wait, don't bog down the system". This is an old world mindset. You think GME/Loopring would launch a product that could only handle a couple people applying? Who are you to determine who files first? You are the reason the rich get the advantage. How dare you discourage the the minuscule or disadvantaged. + +I want the 8 yr old boy who gets picked on at school but is a savant artist to apply first. I want the 15 yr old girl who doesn't fit the HS mold but is brilliant at coding to apply. I want the 23 yr old waitress, who struggles to get that first singing gig to apply. I want the 35 yr old dad who has a passion for baseball card collecting to apply. I want the 42 old single mom, who wants to explore her kids hidden artistic talents to apply. + +You don't get to decide. Its power to the players, creators and collectors! + +Edit: After careful thought and a cool message, some of you are right...painting boomers with a broad brush is wrong. Thats exactly what this sub is NOT about. I'll do better. Replace boomer with "close minded"! +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. +I follow the plan to invest half of my money in very safe ETFs or mutual funds to have some risk diversity. + +The last 12 months I had the money in a Swiss Mutual Fund holding big pharma, traditional banks, industrial companies and more. It has underperformed pretty much every big index in that year and brought me not more than 7% total since Feb 2020. + +So I want to shift some money, what would you consider? + +I looked at VOO but I would also be open for other global markets than the US. + +Any suggestions? +So I'm curious. + +When one considers the Dividend Fallacy Theory, why would anyone consider investing in a high yielding dividend portfolio over a modern portfolio or growth? (VTI/VXUS/E.C.T.) + + +With the price of the share dropping as much as the dividend payout, can anyone explain why this would make sense unless you are near retirement? +I am new to ETFs and looking for advice from experienced people. Due to the Corona outbreak in Europe the stocks are falling. I have a couple of euros (let's say 5000) left to start investing. When should I buy? What do you think...how long will the courses go down - I know that ETFs are a rather long-term investment. Nobody knows for sure but I would like to hear your thoughts about this. Thanks +So over the last couples of years my family and I have had £50 a week. To some that's an easily doable but my 2 kids go through food like it goes out of fashion. We've been creative over the years and stretched it pretty well but when you put everything else on the shop, toiletries cleaning products, it gets a bit harder. +So over Christmas I got a promotion and had a pay increase of £100 extra a month. Through the help of sub reddits like this I've managed to lower my debts and expenses significantly and now I'm able to put £200 extra a month in the shop. Today is the first time the fridge has been truly filled in a long time. It's small victories like this that really make you see the significance of changes. +I'm 28, I inherited some property from my family that is worth a little over $1 Million. How can I become financially independent from this windfall? + +I hate my job, I work in a restaurant. My parents are militantly middle class thinkers that think the only way to be happy is to work a job, earn active income be asset rich but cash poor, I quote my mother as saying, "The only time you are free is when you die". + +I want to make this $1 Million generate enough passive income from investments; I want to create a well diversified portfolio that protects that capital but also generating me passive income and I plan to move to some SE Asian country (Thailand?) to live in a low\-cost environment while letting my dividends reinvest itself for the years. + +How feasible is this? I hate my life and I hate to work. I hate my current lifestyle and I want to spend this freedom to become a healthier better me. + +I heard that I could withdraw 4&#37; ($40,000) per year for life? + +Any advice would be greatly appreciated. + +Here is a little bit more detail about my situation. + +I am a resident of Hong Kong, and we have no dividend or Capital gains tax, therefore\-\- taxes are not factored into the capital. + +Because I live in Hong Kong, air fares to SE Asian countries are quite cheap and my home base is not too far away in case anything goes wrong in these countries. + +So, approximately I'll have about 1.2 Million USD. What is the best investment advice you can give to generate a livable passive income from this but allowing the capital to increase (protected from inflation)? +10M is helpful if you plan to stay in the VHCOL area (NY, SF, etc.) due to the cost of living, such as rent/mortgage. + +For those who decide to retire in a non-VHCOL area, would an extra 5M make a difference in your life? What’re the main differences? + +Context: I'm on track to retire at 5 to 6M around 45. To get to 10M, I'd probably have to extend my retirement by another five years. While my current job is not stressful, a job is still a job :) + +\-- Summary of the comments -- + +How another $5M can benefit one's life: + +* Can live in VHCOL if you change your mind. +* A bigger house (or multiple residencies) +* Send 3+ kids to private schools (if you have 3+ kids). +* Peace of mind during the market downturn. (give zero f’s about market fluctuations) +* Flexibility on vacations/travels. Say you can travel during peak time or spend no effort researching tickets/hotels. +* Room to support family members (parents, nephews, siblings, etc.) +* The eighth digit was mentally satisfying. +* If you have $10M, live in an MCOL with an upper-middle-class lifestyle, and your wealth just grows while shrugging off market fluctuations. +* Luxury cars. + +&#x200B; + +Note. To me, the price of the above benefits is basically five years of staying in corp life. YMMV. + +&#x200B; +I was recently awarded a monthly payment (from military service) of $1300 a month and I’m trying to figure out the best way to use it wisely. + +I have 0 debt aside from my mortgage and I have a decent paying job. Im looking to gain some form of cash flow and maybe achieve FI/RE. I know real estate is a common route people take, I’m just not very interested in it. What are some other ways of investing to achieve cash flow? +I was recently awarded a monthly payment (from military service) of $1300 a month and I’m trying to figure out the best way to use it wisely. + +I have 0 debt aside from my mortgage and I have a decent paying job. Im looking to gain some form of cash flow and maybe achieve FI/RE. I know real estate is a common route people take, I’m just not very interested in it. What are some other ways of investing to achieve cash flow? +Today I placed a buy bracket order for infosys. I bought it at 1160, stoploss was at 1159 and target 1163. Now for some fucked up reason, the stoploss was hit and the 1163 order should have been cancelled but guess what? It did not and these clown servers at zerodha sold at 1163 as well resulting in a net short position. Right now infosys is trading at 1167 and I am in loss. + +So much for calling them the third biggest broker of india? I am shifting back to share khan now, as this clusterfuck of a company can't even handle their servers properly. And always there's an exotic reason for their failure. Why the hell am I supposed to care for the reason of failure? You failed at your service and that is fucking it. If anyone's money has been locked here for the same reasons, lets start a class action suit against these idiots. I am through with their bullshit. + +proof: https://imgur.com/a/1bVsj + +EDIT: this is the "reason" why there was a problem, as if we are held accountable for it: https://imgur.com/a/0wSWq + +EDIT2: My position has not squared off even after market closure despite the fact it was an mis trade. It can cause a potential loss of ~~23260~~ 2000 rs. Any help in the general direction is appreciated. proof: https://imgur.com/a/wFWam + +EDIT3: From what I have gathered, this is a case of [short delivery](https://zerodha.com/z-connect/queries/stock-and-fo-queries/consequences-of-short-delivery-nse-bse) and zerodha has done it erroneously on my behalf. I had infact tried to square off the positions but they had disabled these orders, and bracket orders can be squared off from orderbook which I was unable to do because of this special case. + +TL;DR : Zerodha's servers fucked up and placed an extra order on my behalf. Now all the penalties resulting from "short delivery" will have to be born by me, which can be close to 2000 rs. +I have been trading my algo manually for some time now with decent results. I want to go ahead and automate it end-to-end. Is there any platform that lets you write custom code? + +I know about streak, but it's limited to certain indicators, and I believe you can't write anything custom. + +Also, another option I considered was buying a subscription to Zerodha's API and writing my own trading set up. Has anyone here tried that? I will really appreciate any guidance or suggestion! +Needing some advice to see if there is anything else that can be done or any other ideas. Purchased an Apple Watch for my wife from a local Walmart for her birthday. She opened it the next day, only to find there was no Apple Watch in the box. It was replaced with some other device “hearth and fitness watchs”. I went back to Walmart with receipt, they told me since product was “sealed” when I purchased it, I would have to call Apple. Apple took serial number etc., but couldn’t tell me if device was active or anything else. My plan was to have them deactivate it at least. They couldn’t give me any information. Told me I would have to go back to Walmart. Talked to the Walmart manager who was understandably suspicious given the product price and circumstances who would not replace or provide refund. Called Walmart customer service but I am guessing they will be unable to do anything. I suspect that there is nothing else that can be done but figured I would post on here to see if anyone had any other thoughts? + +Learned an expensive lesson: before you pay, carefully inspect plastic packaging to ensure integrity... + +UPDATE: spoke with Apple again. They were able to tell me AppleCare was purchased in December 2019. Referred me to check coverage.apple.com for proof. Was able to show store manager who apologized and gave me refund! + +UPDATE 2: this post blew up way more than I thought it would. As another update, we went to Best Buy after the return and she picked another one out. The wrap was definitely sealed different. The “empty” box had a more loose wrapping and wasn’t flat or smooth in all areas. It did have the Apple sealing on the outside though. The box was mint, even in hindsight examining it. The actual product was sealed much tighter and smooth. Although again, I didn’t even think this was a possibility so I wasn’t worried about it on the first product. +I saw an article on the BBC about a 20 year old welsh currency trader claiming to make £200,000. + +Treating any forex claims with a “pinch” of skepticism, I decided to look them up. Their website has broken links and claims 5* review on TrustPilot when they have precisely 0 reviews. Their Twitter has 100 followers, Facebook links to their web designers and their Instagram looks down. Do BBC not even do their due diligence anymore? + +The whole thing reeks of a scam but then how are these fake influencers able to project outwardly wealthy appearances? e.g. fast cars, luxuries etc +[https://www.ft.com/content/3323dde1-af89-447f-9b62-cc98d9afe132](https://www.ft.com/content/3323dde1-af89-447f-9b62-cc98d9afe132) + +**Initial applications for unemployment benefits fell to 787,000 last week** + +New US jobless claims fell to the lowest level since early March last week but remained elevated above 700,000, as the Trump administration and Democrats remained at odds over a broad package of economic aid under two weeks before the presidential election. + +Initial applications for unemployment benefits dropped to a seasonally adjusted 787,000, compared with 842,000 in the prior week, the US labour department said on Thursday. The figure was lower than economists’ forecast of 860,000 claims. + +The federal Pandemic Unemployment Assistance programme, which offers benefits to the self-employed and others who would not qualify for regular benefits, registered 345,440 new claims on an unadjusted basis, up from 337,228. + +The number of Americans actively collecting state jobless aid totalled 8.4m in the week that ended on October 10. That continued a positive trend in continuing claims, having dropped from 9.4m in one week and from 12.7m in the span of one month. However, economists have partly attributed the fall to unemployed workers exhausting regular benefits. + +The insured unemployment rate, considered an alternative measure of joblessness, dropped to 5.7 per cent from 6.4 per cent. + +Treasury secretary Steven Mnuchin and Nancy Pelosi, the Democratic House speaker, have continued stimulus negotiations into this week in a last-ditch attempt to hammer out an agreement before the poll. + +Mark Meadows, White House chief of staff, said on Wednesday he was “optimistic” about the talks. “We do share one goal, and that is hopefully to get some kind of deal in the next 48 hours or so,” he told Fox Business. He added that funding for state and local governments was the biggest sticking point. + +As coronavirus outbreaks in America’s south and west this summer faded, hopes for a steadier recovery in the labour market rose after big states including Florida and Texas loosened curbs on businesses. + +But health officials have warned that other regions, particularly the Midwest, could be at risk of outbreaks. Wisconsin, where the rate of positive tests has hit highs this month, has emerged as a new virus hotspot. The north-east states of New Jersey and Connecticut have also reported a rise in infections after quelling earlier outbreaks. + +Federal Reserve officials have warned that the economy’s rebound could sputter without further stimulus from Washington. Republicans in the Senate put forward another $500bn bill this week that would increase unemployment aid, among other measures, but it was blocked by Democrats before reaching a vote. Donald Trump has said he would support a bigger spending plan, while House Democrats have backed a $2.2tn proposal. + +The jobless claims report showed that 23.2m people were claiming benefits in all state and federal programmes as of October 3, down from 24.2m, according to unadjusted figures that are reported on a two-week delay. + +The US has recovered half of the 22m jobs lost in March and April, bringing the unemployment rate down to 7.9 per cent in September — below its pandemic-era peak of 14.7 per cent. +Hi All + +As the title says. + +What would happen if I cancel the direct debit and not pay the £50? Would it effect my credit score? + +My contract ended about 3 months ago (I haven’t had a monthly bill for 3 months either) + +I’m going through the same thing with Sky. They said they would send a returns package, I never received it. I called them and they said someone would come and collect and they never did. It’s as if they’re deliberately doing this to get as much as they possibly can. The Sky charge is £100 aswell :/ +Hello. New profile made just to make this post— been lurking for a while now and have really learned a lot through this community: r/personalfinance. I’ve actually been doing some of the things highlighted here already— but I thought I needed a solid plan to really follow. + +25/F. LCOL. 5 years ago, had no job. Was in school for nursing and lived with my wonderful mom. +- Graduated three years ago became an RN, first job ever! +- Bought a 2014 Nissan Sentra (paid off). +- Paid off student loans, total of $13,250 (always maxed out my student loans to give the extra money to my mom). +- Bought a house 4 months ago, valued at $84,500, still owe $66,000. + +The other people in my family are not... very good with money but a very good friend of mine has helped me with financial decisions and has helped me gain some financial stability. Also, due to my family not being very good with money, I had family members borrow money from me (even as a young child), manipulated me to get money, and never paid me back (good note: those family members I have not dealt with anymore). + +Due to all that I became very, very stingy and grew up feeling like I couldn’t spend a single cent for myself and would have to give the money up to some uncle or aunt or whoever else needed help. I am doing better now though and have been able to invest in both my future and myself. + +So I would really like to continue this journey and commit to creating a better financial future for myself, my family, and my own future family (whether it be an actual partner and our child, an adopted child, or fur babies). + +On to the details! And excuse me if I use certain terms or phrases incorrectly! Still new to to FIRE world and also, English is not my first language! I would greatly appreciate any corrections too! + +ASSETS: +- $84,500 house +- 2014 Nissan Sentra w/ 58,000 miles- valued at $5-6,000 on the blue book. +- $30,000 in savings (10,000 is my Emergency Fund). +- 20,000 in my 401K. + +I have also just recently put my notice in and am woking on getting a job that will pay more. So I will have more money to invest. + +MONTHLY EXPENSES: +- $530 - MORTGAGE +Question: would it be better to pay that amount or to increase and pay $600 monthly? +- $70- COMCAST (it was a promo). +- $150- UTILITIES (a modest calculation, just got the home learning NEST thermostat, hoping it will help with the bill!) +- $103 - CAR INSURANCE (new and cheaper than old one.) +- $74- LIFE INSURANCE (new, not with work, will pay out 500,000 at death or age of 100, whichever comes first). +- $50- COUNSELING (something that I have gotten into to help with stress from work and family. Cannot let myself stop this because it has helped me a lot, and I highly recommend it to anyone.) +- $150- GROCERIES (mostly rice, beans, meat, and some snacks. Health, I think is a good investment because hospital bills are ridiculous, saying that as both a nurse and a patient.) +- $100 - TRANSPORTATION (mostly gas, what else should I include?) +- $80 - MARTIAL ARTS/WORKOUT CLASSES +- $100 - DONATIONS + + +TOTAL: $1,407 + + +Okay. So, details in. Right now I make an average of $3,200 monthly WITH overtime. Working hard to the point that I get sick and exhausted. July is my last month. I am planning on becoming a traveling nurse and expect to make at least $1,200 weekly, total of $4,800 monthly. This job change should increase my expense only with Hotel night stays at decent hotels, either 3-4 nights and more gas usage. I hope my post isn’t all over the place! + +So my questions are: +1. Should I roll over my 401K to a ROTH IRA? + +2. The company I will be working with during traveling has a 401K, but I won’t be able to sign up until after 6 months, and then I am 100% vested right away. They do 100% match up to 3% and 50% match for 4%! +— Does 100% vested right away mean that I IMMEDIATELY get whatever they match? +— And how much of my paycheck should I put in? The 3% or 4%? The place I currently work at matches 25% of the 6%, and I have been putting in 10%. + +3. Many people have suggested Fidelity or Vanguard or Schwab for investments? Unfortunately, I have a hard time understanding some of the risks. Is this a once a year contribution and just let it grow? + +4. Should I get an HSA? Or is there another alternative? I currently have health insurance with the place I work at, and I am planning on switching to Anthem, the one that is provided by the company taking care of my home, auto, and life insurance. +— if I get health insurance from them too, do you think I can haggle cheaper prices in all as well? + +5. Would it be better to buy new furniture with full payment for the new house or to do payment plans? + +6. How do I calculate how much money I need for retirement? + +And... I think that is all I have for now! Thank you all so much for your help! Any suggestions/recommendations are very much appreciated! + +ADDED QUESTION: + +- I currently have two credit cards. One in a local credit union and one with Wells Fargo. Would it be a good idea to get another one? Or not? + +Thank you! + +EDIT: + +WOW! I did not expect to get as much attention as it did! I am amazed and grateful! The Reddit community is wonderful!!! + +Also: + +To answer some of the most asked questions: + +1. I live in one of the smaller cities in Virginia. LCOL. Done pretty well so far. + +2. The house I bought is a 3 bedroom house with 1 full and one half bathroom. Nice, hardwood floors. Spacious. With a big basement, half-finished. It’s a good amount of space for one person! + +3. Yes, I like to donate and volunteer as much as I can. I try to put as much good energy into the world because hey, life’s hard enough. Also, to counter the sarcastic comments I have a tendency to dish out in my head. + +4. One of the best perks of being an RN is being able to find a job anywhere, anytime. I have actually already had two solid offers that I had to turn down because I want to finish my last few weeks and not just go AWOL. + +5. I make, on average, $3,200 monthly. This is while working nightshift and with overtime. Unfortunately nurse money, isn’t really big bucks money unless you travel— most times! + +6. My specialty is ICU! I’m an intensive care bear. + +- Yes! I do make... a low amount. Base pay of $23 plus shift differential of $4, $1 weekend differential. $2 charge nurse differential! With overtime— I make about $3,200 to $3,800 monthly... + +7. The life insurance is for my mother in case something happens to me. So she can pay her mortgage, my mortgage, buy the land she wants to retire in. Etc. she has been my rock and my biggest fan. So if I do die, I’d like to leave her with enough to sustain her needs and wants. + +Also, I didn’t think I needed life insurance until I— 1. Got into a car accident. 2. Had an anaphylactic reaction one time while I was at work that required me to go to the Emergency Room. Embarrassing. And terrifying. + +Thank you all once again! + +— Oh, I also have 3 plants named Wilde, Twain, and Poe (who says I shouldn’t get any more plants, nevermore. But I am not listening to him.) and... + +- a BIG, FAT gray cat that comes to my porch and watches me all the time. Completely unfazed. Lays around in the sun and squints at me. It is not my cat, but I do believe I am one of its hyumans. + +My friend says I should name him Hobo. What do you guys think I should name him? + +(You can go to my profile to see a video of the cat.) + + +— I HAVE READ ALL THE COMMENTS AND HAVE TRIED TO RESPOND TO AS MANY AS I CAN! Thank you all so much! I am so grateful! — +I turned $200 into $20K since December. At What point do you guys Cash Out? I didn’t take my $100K Profit back in 2018 and told myself that I wouldn’t do it again, but here I am. I don’t know if this an addiction or if this just gives me a serotonin release (I’m convinced that Checking on the Portfolio release the Happy Brain Chemical haha). So seriously at what point should someone take profits? I got paid 2.15 ETH ($300) for a GPU back during The Summer and that turned into ~$4,000. Tell me your Opinion/Strategies and your thoughts. I’d love to hear some opinions and insights. I have no Bills or Debts or loans at this Moment in my Life. +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. +Considering all the good news, exchanges opening up and new updates to the ethereum blockchain, how do you foresee these events affecting the price of the crypto asset? If you could provide a detailed argument of why, instead of just throwing a random number, it would be great. +Guten Morgen to this global band of Apes! 👋🦍 + +In a mere two hours, the US premarket will open and we'll see if the nearly $5 gain in Monday's German market HODLs as strongly as all of you lovely apes do. This is a heavily anticipated week - GameStop announces earnings on Wednesday, the last day to roll quarterly future contracts is Thursday, and Apes are more Diamantenhänded than ever before. Of course, there is seemingly no end to the manipulation that the Short Hedge Funds are willing to engage in to try to demoralize the GME movement, but they still do not seem to know who they are dealing with. We are gamers. Completionists who thrive on uncovering every little detail before defeating the mini-boss. Who grind endlessly so the final boss fight is a piece of cake. Each day the SHFs delay the MOASS is another day in the grind for us, and will only make HODLing through the MOASS that much easier for Apes. + +Today is Tuesday, September 7th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- ⬜ 120 minutes in: **$204.77 / 172,60 €** *(volume: 985)* +- 🟥 115 minutes in: $204.77 / 172,60 € *(volume: 984)* +- 🟥 110 minutes in: $205.23 / 172,99 € *(volume: 974)* +- 🟩 105 minutes in: $205.71 / 173,39 € *(volume: 909)* +- 🟥 100 minutes in: $205.17 / 172,94 € *(volume: 746)* +- 🟩 95 minutes in: $206.34 / 173,93 € *(volume: 723)* +- 🟥 90 minutes in: $206.31 / 173,90 € *(volume: 599)* +- ⬜ 85 minutes in: $206.34 / 173,93 € *(volume: 558)* +- ⬜ 80 minutes in: $206.34 / 173,93 € *(volume: 557)* +- 🟥 75 minutes in: $206.34 / 173,93 € *(volume: 520)* +- 🟩 70 minutes in: $207.16 / 174,61 € *(volume: 508)* +- 🟥 65 minutes in: $207.10 / 174,56 € *(volume: 397)* +- ⬜ 60 minutes in: $207.18 / 174,62 € *(volume: 376)* +- ⬜ 55 minutes in: $207.18 / 174,62 € *(volume: 293)* +- 🟥 50 minutes in: $207.18 / 174,62 € *(volume: 293)* +- 🟥 45 minutes in: $207.19 / 174,64 € *(volume: 292)* +- 🟩 40 minutes in: $207.22 / 174,66 € *(volume: 291)* +- 🟩 35 minutes in: $207.20 / 174,65 € *(volume: 278)* +- ⬜ 30 minutes in: $207.16 / 174,61 € *(volume: 270)* +- 🟩 25 minutes in: $207.16 / 174,61 € *(volume: 261)* +- ⬜ 20 minutes in: $206.98 / 174,46 € *(volume: 251)* +- 🟩 15 minutes in: $206.98 / 174,46 € *(volume: 243)* +- 🟩 10 minutes in: $206.58 / 174,12 € *(volume: 133)* +- 🟥 5 minutes in: $206.55 / 174,10 € *(volume: 133)* +- 🟩 0 minutes in: $206.67 / 174,20 € *(volume: 47)* +- 🟥 US close price: $202.75 / 170,90 € *($206.71 / 174,23 € at close in yesterday's German markets)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1864. 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) + +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. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Throwaway for privacy etc etc, but long time lurker. Background: + +I grew up what would probably be described as lower middle class, my dad working as a self-employed mechanic and my mom as a receptionist. I got into tech, had a windfall, now NW of \~$21m in my early 30s. + +My parents are now in their early 60s and still working, but starting to slow down, and I recently had a conversation with them about retirement. It was fun but a little heartbreaking to hear their excitement of trips they'd like to take, hobbies they want to try, how they want to spend more time with my nephews, but they are stressed about the future and feel like they'll need to keep working for a while. + +I'd guess they probably currently spend around $40k/year. + +It sounds like they have about $200k from an inheritance sitting in a savings account, but no other savings or retirement planning. They own their home and should stay there for another good while. This conversation came up because my dad was asking what to do with what they do have, so I talked to him some about various Vanguard index funds we could set up. + +Anyway: + +I'd love to and am obviously financially able to help them, but I'm not sure the best way to do it. They are a little stubborn about accepting money. One thought I had is that once they get a Vanguard account going, also hooking up my bank account so I can contribute without directly making them accept a check or whatever. (Will need to see if that's, uh, legal.) + +Would love to hear any thoughts if anyone has been in a similar situation, or advice on what a structure to help them live their dreams would look like – or even how to talk to them about it. Thanks! +I'm a day trader turned quant trader running a portfolio of price-based microstructure scalping strategies in the futures markets. I asked a question similar to this in the algotrading sub, but would like to get some different perspectives. Hopefully this can help other traders refine their edge as well. + +One of my bots is designed to trade GC exclusively. Over the last year (sample size of 1,818 trades), I've noticed that one hour of the day has been WAY more profitable than the rest. It appears to be the only hour that I had any significant edge to speak of. This is only the case for GC. Other markets have certain hours that will perform better, but no market has had a single hour so greatly outperforming the rest. + +What might be the reason for this? What would you do if you were faced with such data? Chalk it up to pure randomness, or start trading 9:00 - 10:00 exclusively? This is the most historical data I have access to at the moment, but maybe you would require even more data before drawing any firm conclusions? I'd love to hear your thoughts! + +[Equity Curve Trading from 8:30 to 15:00 since July 20th, 2021 | \\"Profitable\\" but choppy. Drawdowns are steeper than I'd like.](https://preview.redd.it/pyv8xyqc6yc91.png?width=1790&format=png&auto=webp&s=b183c5af799332576c4cc42fd57c0b0761ff5f81) + +[Equity curve trading ONLY 9:00 - 10:00 CST since July 20th, 2021 | Much cleaner equity curve, drawdowns are greatly reduced, win rate is notably higher.](https://preview.redd.it/jwpde5em6yc91.png?width=1802&format=png&auto=webp&s=3949542dca764d753e8d58709775b6a14acdc8fe) + +[Increase in win rate if only that hour of the day is traded.](https://preview.redd.it/f2c03wdo6yc91.png?width=370&format=png&auto=webp&s=53b0b07ba54117fb7229255ed099cc43ecb1b217) +&#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. +I’m fine if they’re built into the price, or even if it pops up before you pay (not so much this one). + +But when you tap your card for e.g. $12.00, it says approved, then it pops up $12.12. What are the legalities around that? +Hi everyone, hope your weekend is going well, + +Just a gentle reminder of the short interest in our favourite stock. + +This is not financial advice, and I am capable of being incorrect, so please call me out at any point so I can edit the post. A few pieces of info here are from previously verifiable DDs from our old subreddit that I can't seem to find, so I will link them as I continue to look for them. Please come to your own conclusions, and remember that we are each our own individual investor, with our only bond being our mutual liking of the stock. + +We originally were speculating based on Darkpool share trading data that ~440million shares have been synthetically created and are being used to trade within darkpools. [Estimates around these numbers have appeared in quite a few older DDs.](https://www.reddit.com/r/GME/comments/m7x2gq/dd_i_did_the_math_there_is_literally_no_doubt/) + +We used this information (based on the original count of ~50million shares available for public trading) to estimate that SI was over 900%. + +THEN YESTERDAY: [According to Gamestop's 14A, there is only 26.7 Million shares available for trading to the public, not including ETFs or institutions under 5% ownership.](https://preview.redd.it/1pqbq8iuzsu61.jpg?width=354&auto=webp&s=0b76796d2033adadffdcaa149f25287e66f6e3ab) + +Meaning that based on the pre-existing information of a 440 million share synthetic float, and the NEW information that the public float is supposed to be 26.7 million shares, the short interest is roughly double our original estimates, at ~1800% + +And that was based on darkpool data gathered a MONTH ago! + +APES HAVE BEEN BUYING THE ENTIRE TIME, AND HEDGIES HAVE NOT STOPPED MANUFACTURING SHARES. + +THIS NUMBER IS ABSOLUTELY HIGHER NOW. + +[You know how I feel.](https://media.tenor.com/images/c883d2b9b94e0af0ce8e03a57a5f2c0f/tenor.gif) + + +**So lets have a talk about what this could mean for *you* and your tendies.** + +* Retail owns the float. There is no doubt about it at this point. Not only has GameStop confirmed it, but DD that has been done for *months now* has come to the same conclusion, and those numbers get higher every single day they don't release the brake on the share price. We are a leviathan, and institutions are trapped in our orbit. +* With 26.7 Million shares in the entire publically traded float, the estimates of a 1800% Short interest means that for every real share that exists on God's green Earth, *eighteen synthetic shares* had been manufactured that MUST be bought in order to close the short position. Emphasis on **must be bought.** + + + + + + +Let's do some guesstimate numbers: + + +Platform | Number of users +---|--- +WSB | 9,918,741 +GME |274,134 +Superstonk | 226,190 +General public| ???? + +I'm gonna put this bluntly - *I trust all of you.* Based on the last few months, the buying/selling action of the stock, and the overall sentiment of users within the GME-centric subs, there is a feeling of comradery and mutual trust between us all. The floor of $10,000,000 has been set in stone, and apes are NOT willing to budge. This is excellent, as it gives us all a target floor, and will almost guarantee that nobody sells below this number. I bring this up now, because this is one of two major ingredients needed to reach our goal - tendies. The second, of course, being *owning the float.* + +Based on the above numbers (and taking into account one person can be subscribed to multiple subs), based on the WSB numbers ALONE each person would need to own just under **THREE SHARES.** Let's be generous though, and say that half are only there to spectate on loss porn, bumping that number up to 6 shares per person. Now, I don't know what sort of magic 8ball Kenny G is basing his business decisions off of, but allowing people to ***share information over a long period of time whilst dropping the price in an unsuccessful attempt to shake paperhands*** just means that people buy more. And more. And more. + +I have been watching the subs since January, and I can safely speculate (please tell me if you have a differing opinion and back it up) that each ape here, at least in this sub, owns on average around 10 shares. This is the average, every-day ape. However, over time this position has grown and grown, and I am seeing people state that they have XXXX shares. Hell, there have been ENTIRE THREADS about people announcing their STAGGERING amounts of shares. Of course this is a minority, but the GROWING MIDDLE CLASS OF APES now seem to own in the high-XX's to mid-XXXs. HOW CAN YOU TELL ME THAT WE DON'T OWN THE FLOAT. This isn't even including the everyman^tm investor that isn't affiliated with Reddit, and maybe bought the stock on a tip of their son/daughter/third cousin twice removed. + +To tie this in with the first part, if we (as in our small part of the world here online) OWN THE FLOAT MULTIPLE TIMES OVER, and we have it drilled into our thick skulls that $10,000,000 is the FLOOR, then SUCCESS IS GUARANTEED. Who cares is Joe Everyman sells his four shares at $20K each. Who cares if Blackrock decides to sell their entire position at $8Mil. ITS A BUYING FRENZY, ALL SHORTS MUST COVER, AND WE OWN THE FLOAT. + +You will get your tendies. + +Hedgies r fuk. + +Edit: I'd just like to throw this on the end in a response to the question "If no one is policing them then why would they stop?" + +My **guess** is that initially, due to historic shorting strategies on companies and normal market movement, they thought that retail would eventually sell when the price tanks, so they doubled down on the shorts. However due to the Age of Information, retail quickly spread short-squeeze data between each other and held. Hedgies, not knowing what was happening (at this time they didn't know about WSB), doubled down again and again and again, [pushing their share-creating algorithms to 11](https://lh3.googleusercontent.com/proxy/Pewyx0yeAeZx43GFIUw2XKr2dH4lsyYOWgSb_BndAFIKQZ7z0dObiwmN3WyEoAy8SejiQN80pYauNqzdwkkDQABGx-a0iFvLe0PQ5evH1zbGzJs3PzPu2J_PnPA7ar31Uzcar9giSyABj4yM9eLFkS95IHn94I8plN_5yGD6F2r4). Only in the last maybe month or so, when liquidity dried up, can we see that hedgies have abandoned that strategy and have gone full psy-ops on us. However, by this point too many shares already exist, and we have been gobbling them up every day. + +It's that magical combination of giving us time to prepare, giving us an incredible pricepoint and the constant stream of good GME news that has got us this far. We have already won the lottery, now we are just determining the payout. +\>EDIT1: Seems some of you are screaming FUD at the Share Recall Date... Now im not saying it's 100% on date 'x', what I am saying is ALOT of brokers are already putting out record dates! + +EDIT2: Record Date according to some brokers = 15th April, also the same day which Proxys get sent out to shareholders. And what happens on the 20th is anyones guess. Recall? Cool. But who cares. We know why this is happening and that's what counts! Don't get tied to dates, don't expect anything from them. But nonetheless it is important to know what is happening currently! + +EDIT3: This fellow ape explains it just like it is, and why this Recall will be different from the one in 2020: + +>Last time GME was in a much weaker position with less interest for a share recall. More institutions refrained from voting. It still popped from 2 to $6. +> +>This time around there’s much more interest from retail, with many share recalls going around. More institutions and whales are going to be interested in voting too. With much stronger interest, this time the recall could be a much better catalyst. - /u/honeybadger1984 + +&#x200B; + +[https://www.reddit.com/r/Superstonk/comments/mmt5rq/420\_share\_recall\_explained\_why\_its\_important\_that/](https://www.reddit.com/r/Superstonk/comments/mmt5rq/420_share_recall_explained_why_its_important_that/) + +TDA: [https://i.imgur.com/q99378Y.png](https://i.imgur.com/q99378Y.png) + +WealthSimple: [https://i.imgur.com/ai6Duju.jpeg](https://i.imgur.com/ai6Duju.jpeg) + +ETrade: [https://i.imgur.com/pKeoZP9.jpg](https://i.imgur.com/pKeoZP9.jpg) + +\------------------------------------------------------------------------ + +With all the hidden messages from Ryan Cohen with his bear smoking a bong (hint: 4/20) and DFV tweeting the 20th century intro (hinting at the 20th) also additionally Vanguard confirming that a share recall is about to commence on the 20th and is being sent out to shareholder on the 15th they will want the price as LOW as possible since they will have to go into the Market and buy those shares they shorted to return them to the holder. + +If you compare it to the Share Recall in April 2020 then they are doing the same right now. + +&#x200B; + +https://preview.redd.it/v02g4n5hbrs61.png?width=670&format=png&auto=webp&s=37463f5c44adf9577dac5e5c211d970acd92ebc5 + +Just look how the last Share Recall of GameStop went back in 2020 April. Shares had to be recalled all until the 20th of April. + +&#x200B; + +https://preview.redd.it/7qof6wlqbrs61.png?width=724&format=png&auto=webp&s=667e08d6f4097ae60c938169cf6c700c31bc461b + +Im not going too deep into the analysis in how exactly they played this out but you can see they drove down the price 50% from 5$ to 2.50$ just to drive it up again by buying the shares that had to be recalled! + +When they hit 6.50$ my guess is that they went off the gas, and let it go down a bit just to buy the rest later. I could also be mistaken, since you see the Price went up and down on those days quite a bit. So selling could also be something that negated the buying pressure making it go sideways. + +But with all the apes buying and hodling every fucking dip there is. I doubt we will see under 100$. This would just be the most flaming fire sale... + +# ALL I WANT TO SAY WITH THIS IS, DON'T PANIC SELL. YOU WILL REGRET IT 1000000000% +Obviously, there is a lot of learning, testing, and working... and not just one single resource. But those who are doing well, what resources would you recommend to get started? +I'm looking for a change in career paths towards a quantitative analyst trading position in sports betting companies. I'm a recent graduate with an undergrad degree in actuarial science and a masters degree in operational research with data science. I'm currently performing my dissertation with a horse betting consultancy but the project doesn't involve any quantitative trading aspects. + +What would be the best way for me to equip myself for sports betting companies that focus on quantitative trading? + +EDIT: Just to clarify, I'm not looking to be an independent trader. I want to be a quant trader in a sports betting company +As we know, in April Franklin Templeton wound up 6 of its debt funds, and I'm not sure if it's become clear what will happen to the investors' money. Was it not because FT invested in bonds of companies that defaulted and didn't pay them back? + +Also they didn't have a cash pool to handle the bulk redemption requests that were made all of a sudden. All of this is a major mismanagement and a red flag. Would you still trust and invest in any (not only debt) mutual funds from this AMC. If yes, why so? +https://upstox.com/announcements/customer-support/security-measures/ + +> We have upgraded our security systems manifold recently, on the recommendations of a global cyber-security firm. We brought in the expertise of this globally renowned firm after we received emails claiming unauthorized access into our database. These claims suggested that some contact data and KYC details may have been compromised from third-party data-warehouse systems. + + +There are several online sources suggesting leaks include KYC docs, and user docs. Upstox says no funds or accounts have been compromised. + +https://m.economictimes.com/markets/stocks/news/upstox-alerts-users-of-data-breach-says-funds-securities-remain-safe/amp_articleshow/82017114.cms + +https://indianexpress.com/article/india/upstox-alerts-users-of-data-breach-7269002/ +# + +https://preview.redd.it/6xty3d8mru271.jpg?width=600&format=pjpg&auto=webp&s=bed533ed8381d5f20a2f1531a31808307f79ded8 + +# + +# Hi Apes, + +&#x200B; + +&#x200B; + +I be completely transparent. I bought Movie Company's $20 and $40 calls back when the stock was 10 a share for Sept. I spent about 2 or 3k on those positions. I'm like 99% all GME and think it's the Crown Jewel of all this. However, I do own a small stake in one position. I know I might get downvoted into oblivion but I had to say something. + +&#x200B; + +I'm starting to think the Movie company is not a squeeze but a coordinated pump/dump on behalf of Citadel. I hope it's not and those Apes get their squeeze but something just feels wrong about it. There were no breaker halts and nothing feels like a margin call. I know technically that it doesn't have to play out like Jan. A squeeze or margin call can be slow or fast.......but something just feels off here. Something feels really fucking off. The media seems to be all over this which is red flag number 1. The price feels like it's controlled is red flag 2. The overall market seems to be ignoring it with the VIX under 20, red flag 3. I can go on and on. + +&#x200B; + +**We found out that Mudrick who bought 8.5 Million shares of the movie company is owned by Citadel and Kenny G is their manager. We also know from 13F filings that Citadel went long on Movie company. Are they pumping Movie Company to keep from a GME margin call? If so...it's smart. Close out your short positions on Movie Company and go long on them. Pump it up and tell everyone it's a squeeze. Retail FOMOs in and they play both sides. They make millions pumping up the stock then when it gets ridiculously high, you use those like 10 million or more shares you own, (After placing some puts at the peak of course) and make money on the way down too. You get to fight GME another day.** + +&#x200B; + +&#x200B; + +I hope I'm wrong. The idea just came to me this morning. I couldn't sleep. I dunno but just be on the look out for fuckery this morning. + + + +Edit1 (4:24PM: It's now the end of the day. AMC made a run for a mind boggling 95.22% or $30.51 per share increase. (Once again, I own AMC calls that are now 20X I think at this point so I'm not talking shit on them) + + +GME finished 13.34% or $33.22 for the day. + + +AH GME : $287.55 + + +AH Movie: $70.83 +This post is aimed at full time traders to help new guys understand what is a normal trading day. + +How long do you spend on your computer each day scanning for setups? + +I always struggle to concentrate after 2 hours but feel like I have to be at my computer incase I miss something. How does your typical day go as a full time trader? +Thoughts on this? That is 2 huge financial institutions relying on 1 cloud provider. Although the infrastructure as a service is the best with AWS, I just get worried about 1 provider carrying that much responsibility for most US citizens 401ks and IRAs. [Fidelity_AWS](https://www.waterstechnology.com/buy-side-technology/7947681/goodbye-data-centers-hello-cloud-fidelitys-asset-management-arm-goes-all-in-on-aws) +What type of loan deals are you guys getting? + +I just locked in 1.36 million 30yr fixed 2.99% / 3.001APR for an owner occupied 4plex. No points, about 1800 in loan fees + another 2k in title/appraisal/transfer fees. + +Dropped my old loan of 4.125% payment from 6688 to just over 5700 on the new one. + +Not sure what I am going to do with another 1000 a month. Probably start saving up for the next property. +Top result: https://i.imgur.com/vA9HABn.jpg +bottom result: https://i.imgur.com/yi5qbO7.jpg + +Forgive me my ignorance, I'm a first time driver starting late at 27... + +I'm getting quotes on a first car via compare the market. It shows the cheapest at the top, but then way down the list I am seeing costs of 4-5X the price! + +Why is this and what makes this cover different/better? should I stay away from that top, cheaper option? I'm not even sure if 1.5k is a 'normal' price to pay for a new driver in an auto 1.8l car, though I understand there are many more factors to take into consideration. Is 1st central plus a good provider, or are they filthy cowboys? +Title sums up my rant. + +Starting next week, I will be refinancing my home too pay off all the debt I’ve incurred over the last year and selling my car. The substantial remainder of funds from these transactions will go straight to $GME shares, no matter what the price is, and I will DRS 100%. I will continue to buy on a bi-weekly basis through Computershare. + +I will confidently and faithfully leave the ball in the capable hands of Ryan, Matt, and the exceptional top tier leadership guiding our beloved GameStop. Once they secure control of the ball in their court, may they represent the 76.49M shares owned and directly registered to their rightful owners in the best interest of the company and its shareholders and slam dunk that shit. + +I believe in Web 3.0 and I have invested in a company that shows a promising and equally vested interest in its fruitful future. As an early adopter and a long investor, I don’t have to worry about what is going on now because I’m interested in what will be happening 10 years from now after I have backed this company through its transition into the future. + +I love this community and love my fellow apes no matter your preference in stock. I implore you to directly register your shares if you feel as confident in the leadership as I do. This is the only way the leadership can protect you as a bonafide shareholder and fight in your best interest. The leadership is obligated to act in the best interest of the company and its shareholders and it behooves you to be named as the shareholder as opposed to your broker, for the interest of your broker does not reflect your own. + +Thank you all for the memes and unforgettable moments. Thank you all you exceptionally wrinkle brained apes for all the amazing DD that led me here. Thank you u/deepfuckingvalue for being an inspiration to us all, staring directly in the face of the opposition in the name of apes everywhere without so much as stuttering, slapping them all in the face with the double down of the century, and most of all, for opening the door to the greatest opportunity of a lifetime. The opportunity to change the world…one brick at a time. + +- kenendrem + +Edit 1: A special thanks goes out to our silverbacks fighting the good fight like Lauer and Trimbath. Didn't get a mention in the main body, but I certainly appreciate everything you do. That goes to everyone else fighting to expose the ugly sides of this market and standing for change. +https://www.cntechpost.com/2020/10/14/jp-morgan-sharply-raises-nio-price-target-to-40-representing-85-upside-potential/amp/ + +JP Morgan analysts led by Nick Lai raised their price target on NIO sharply to $40 in a report released on Wednesday. + + +NIO shares closed at $21.62 on Tuesday, and JP Morgan's price target means NIO has 85% upside potential. + +NIO shares went up by more than 7 percent in pre-market trading on Wednesday. + + +JP Morgan sharply raises NIO price target to $40, representing 85% upside potential-cnTechPost + + +JP Morgan's last rating on NIO was Neutral and was made on June 21, when the price target was $14. + +In its latest report, JP Morgan gave NIO an Overweight rating and admitted that "we missed the stock's major rally YTD." + +The report said Nio remains attractive from a long term perspective. + +We are upgrading the stock to OW from Neutral and set a new Jun-21 PT of USD40 based on 3.0x 2025E EV to sales. + +Admittedly, we missed the stock's major rally YTD. Instead of trying to justify a higher PT, we review our long term investment thesis based on our bullish top-down sector view, introduce 2025 earnings projection and draw implication to the current stock price. + +We come to the conclusion that Nio remains attractive from a long term perspective. + +We project the company to earn a ~7% market share in passenger EV market by 2025 or specifically ~30% share in the premium space which Nio focuses on. + +In the near term, key catalysts would include: + +1) anticipated solid 3Q results in mid-November, where we forecast GPM to further expand to ~12% vs. 8% in 2Q20. + +2) Robust order backlog, in particular, the newly launched EC6 crossover model for which the wait time is around eight weeks due to initial productionramp and very strong demand. + +3) A new sedan model scheduled to debut on "Nio Day" in December which should further enhance the company's current product portfolio (of two SUVs - ES8 and ES6, and one crossover - EC6). + +Following the introduction of our 2023-25 earnings forecasts, we lift our Jun-21 PT to USD40 based on 3.0x EV to 2025E sales, the same valuation approach (of 3.0x EV to 2025E sales) we apply to Xpeng Auto, another Chinese EV start-up. + +This also presents a meaningful discount to Tesla's current 5.1x EV to 2025E sales, which we believe is reasonable considering Tesla's technology leadership globally and market share momentum especially in China. + +Previously, we followed average of three approaches in Nio's valuation analysis including EV/sales, PER and EV/EBITDA, which gives us a PT of USD36. + +Considering consistency of valuation methodology across EV OEMs under coverage, we now move Nio's approach to EV/sales. + +Investment Thesis, Valuation and Risks + +NIO Inc. (Overweight; Price Target: $40.00) + +Opportunities in 2021: + +(1) Rising NEV penetration with an emerging and structural shift from "B" to "C" – with Tesla's localized Model 3 and aggressive pricing; we see an increasing (and unexpected) trend where more EV buyers are individuals, rather than corporates or individuals living in cities with purchase quotas – this structural wave could broaden EVs' addressable market, but lead to faster concentration in the EV business; NIO could benefit as long as it stays within the top 10 by market share. + +(2) The extension of the NEV subsidy program toward 2022, where the battery swap business model is covered by the government's subsidy scheme, is encouraging. + +(3) We project a meaningful pickup in new model launches, especially in 4Q20, along with the new model, EC6. The new sedan model is scheduled to debut on "Nio Day" in December which should further enhance the company's current product portfolio (of two SUVs- ES8 and ES6 and one crossover- EC6). + +Valuation + +Following the introduction of our 2023-25 earnings forecasts, we lift our Jun-21 PT to USD40 based on 3.0x EV to 2025E sales, the same valuation approach (of 3.0x EV to 2025E sales) we apply to Xpeng Auto, another Chinese EV start-up. + +This also presents a meaningful discount to Tesla's current 5.1x EV to 2025E sales, which we believe is reasonable considering Tesla's technology leadership globally and market share momentum especially in China. + +Previously, we followed average of three approaches in Nio's valuation analysis including EV/sales, PER and EV/EBITDA, which gives us a PT of USD36. Considering consistency of valuation methodology across EV OEMs under coverage, we now move Nio's approach to EV/sales. + +Risks to rating and price target + +Downside risks include: + +Worse-than-expected execution and delivery of vehicles; + +Worse-than-expected overall auto market sales/EV demand; and worse-than-expected competition from rivals with products at similar price points. + +Summary Investment Thesis and Valuation + +Investment Thesis + +Opportunities in 2021: + +(1) Rising NEV penetration with an emerging and structural shift from "B" to "C" – with Tesla's localized Model 3 and aggressive pricing; we see an increasing (and unexpected) trend where more EV buyers are individuals, rather than corporates or individuals living in cities with purchase quotas – this structural wave could broaden EVs' addressable market, but lead to faster concentration in the EV business; NIO could benefit as long as it stays within the top 10 by market share. + +(2) The extension of the NEV subsidy program toward 2022, where the battery swap business model is covered by the government's subsidy scheme, is encouraging. + +(3) We project a meaningful pickup in new model launches, especially in 4Q20, along with the new model, EC6. The new sedan model is scheduled to debut on "Nio Day" in December which should further enhance the company's current product portfolio (of two SUVs- ES8 and ES6 and one crossover- EC6). + +Valuation + +Our Jun-21 PT of US$40 is based on 3.0x EV to 2025E sales- the same valuation approach (of 3.0x EV to 2025E sales) we apply to Xpeng Auto, another Chinese EV start-up. + +This also presents a meaningful discount to Tesla's current 5.1x EV to 2025E sales which we believe is reasonable considering Tesla's technology leadership globally and market share momentum especially in China. + +Sorry if formatting is off, on mobile app +My husband and I are in our mid-thirties at a very HCOL city and on path to fatfire. + +We just had a baby a few months ago, and our priorities have suddenly changed. Our baby has had some (minor) health issues, and it's been very challenging. We have no family support in the HCOL city and a few friends, the few friends we do have live farther away or are also super busy juggling family life and work. I look at my friends and coworkers with kids, and most of them seem miserable. We are burnt out from the grind, and lonely. + +So we have decided to move to Canada, where I'm originally from. + +In Canada we will be able to afford a large home, childcare will be partially free (family), my child will be surrounded by family growing up, healthcare is free. Maternity leave is up to 1.5 years and I'll be able to have a second child and spend much more time with my children. Schools are good and the city is extremely safe. + +That being said we will be giving up very high income as our current jobs will not allow us to relocate. The job prospects in this Canadian town are not great and wages are significantly lower. It will be very cold. I would estimate that our income will be reduced by at least 60%. + +Our mind is essentially made up as it feels like the best thing for our family and child, but curious to know if other fatfire folks have considered giving up their high paying jobs for a potentially better quality of life at a LCOL area? How do you weigh these other quality of life factors vs. money? +There have been quite a few relationship posts recently so I thought I'd add to the ruckus over the weekend: has anyone used a matchmaking service before? I considered going straight to /r/relationship_advice but would prefer the fat-perspective on a premium service. + +I'm a HNWI but not a VHNWI, so the issue isn't as much being afraid about finding someone I can relate to, nor is it about avoiding someone solely interested in my money (there's plenty of bigger fish out there for those types) - it's more so about frustration with dating apps and making real-life connections amidst COVID. I would love to hear about your experiences here. I'm ~30 and in the American Midwest. +Hello world 👋 +I will be veeeery busy with personal stuff today and tomorrow (today is a holiday in Germany and I took tomorrow off) so I won't be able to Update you every 5 minutes...I hope you understand 😊 +I will continue with my 5 minute schedule on monday though! +Let's see what happens today: + +Current price "115 minutes in: 144.88 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. + +Why are your numbers different from the ones I'm seeing online? +- +My banking app shows me the best price that I can sell for right now...it compares Frankfurt, Munich, Stuttgart, Berlin, Düsseldorf, Hamburg, Xetra and "Direkthandel" (meaning "direct exchange"). +That's why my movement may differ from your sources online. + +I don't trust those germans, look at what they did in the 20th century...can I get another source? +- +Sure, you can take a look here...just remember to convert from € to $! +https://www.ls-tc.de/de/aktie/gamestop-aktie + +Can you post the volume too? +- +I can't see the volume on my banking app but you can find it online or probably in my comments, since some friendly apes talk about it often. +But remember how low the volume is in the US pre-Market and we're talking pre US pre-market here so I think that the volume doesen't reeeeally matter this early into the trading day. + +Why are you doing this every day, what's the point of posting these numbers, since the volume is nothing compared to the one in the US? +- +I think that it's less about the numbers, it's to show that every minute of every day, there is an ape who's holding GME. +Look through the comments, there are people from all around the world just wishing each other a good morning, how awesome is that? +I think that this feeling of camaraderie is crucial, it's good to know that I'm not the only one liking this stock. +I'm holding since november and I will continue to hold for my brothers and sisters. +We are not a union, we are all individuals who like the stock, but we're still family! + +Starting:                  146.64 US-$ + +15 minutes in: 146.64 US-$ + +45 minutes in: 146.64 US-$ + +115 minutes in: 144.88 US-$ + +NO UPDATE EVERY 5 MINUTES TODAY AND TOMORROW, PLEASE READ MY INTRODUCTION ☝️ +From the company announcement yesterday: + +> We received the signed term sheet from [Major Corp] yesterday, and countersigned and sent it back today! :sunglasses: + +> Many team members have reached out to me for more details about the offer I made on Friday about the opportunity for team members to get a special deal on [Startup] Inc. Shares. + +> The deal for team members will be at $2.25 per [Startup] Inc. share, if you do not currently have shares, you will need to come in at a min of 2,000 shares or $4,500. Existing shareholders can add any amount they want. If ever you separate from [Startup], you can retain them (of course) or you will have the option to have me buy them back from you within 30 days of your exit. + +> This opportunity is for you to get involved in an investment if you want to, if it does not suit you, don't worry about it, we seriously appreciate the effort and commitment of every team member. + +> Direct message me on slack with any questions or interest you have in it. + +[Major Corp] is a very very large international company in the top half of the Fortune500. They're not buying us, but they're investing heavily and providing access to their considerable resources. + +I'm 36, single, no dependents, with ~$40k in IRA, ~$90k cash, ~$100k yearly income, ~$170k total debt (~$160k left on ~$350k house, ~$10k on 0% interest truck loan). + +I currently do not own any stock in the company. + +I've been at the company for about 9 months, they've been around for almost 3 years I believe. Under 50 employees total currently, but plans to expand after the investment. + +I'm leaning strongly to going with the min buy in, but I really have no idea at all what questions to ask or if it's a thing I should even consider. $4,500 isn't a big deal, and it seems like it would make me a lot more invested, (pun intended), in the company, and at the very least get me some brownie points with the owner of the company. + +Any advice /r/personalfinance? + +edit: + +I asked around, and our valuation is around ~$4 per share and [Major Corp] is paying around ~$3.50 per share, so the employee price of $2.25 a share is likely be a good deal. ([Major Corp] did a big long audit on us a couple months ago) + +I'm probably going to go in on the $4,500 and wish I was brave enough to do more + +edit2: + +should have mentioned way earlier, but I didn't expect this to keep going for as long as it did + +we're a small private company, and the deal is well known, we've been working with the city for months on a big new office building in a big development project they've been trying to put together +This is a very important question for anyone trading on margin. On margin you dont need to go covered so your option plays are independent from your holding of the underlying. + +So if you stopped selling options tomorrow would you rebalance your portfolio to something else? And if you would, and can trade on margin, why are you holding what you are today? + +I'm of the opinion that unless you're doing very advanced portfolio management and risk tailoring, every trade is independent of everything else going on in your portfolio. + +People get paid millions of dollars a year to try and stock pick but rarely outperform in the long run, why would you try to stock pick? +That's my realization after have my first bit of profitability. This post is really just me putting some reflections on paper after 7 weeks without a losing week when I could not get 1 week positive when first starting. + +I started seeing positive results after: + +1. I defined an approach and set of guidelines that seems to work for me - This took about 10 months and is still maturing. +2. I started journaling, reviewing my trades, and measuring my results on a weekly basis - You can't hide from the dumb shit you do when you have to write them down +3. I started writing down observations from my trades and identifying key questions and themes that I need to answer or improve on - this was enlightening and has identified some fundamental leaks in my trading game. +4. I started studying the market instead of watching the market +5. I realized that there is so much potential in the market - I just need to develop the skills necessary to take advantage of the opportunities. +6. I learned to really appreciate risk (per trade, aggregate for all open trades, correlation) and how much it impacts your results - This was a hard one because it really does impact you in so many ways. +7. I had to realize that being wrong on any one trade is ok - I come from a technical engineering background where being wrong will get you run out of the room so it took a long time to get over that. +8. I realized there are some great resources on the web and youtube - You just have to get to where you can filter out the crap, understand what is good, and how the good does or does not apply to you. +9. I realized that I don't think you can ever really make it - You really do have to constantly improve/evolve or you are done. +10. I realized that the market will do what the market is going to do - You have no control over anything except for what I do. + +&#x200B; + +There are probably hundreds more of these realizations but I will have to discover them. +My goal was to write an in-depth post once my total investment balance hit the $1MM mark. I don't really have anyone to share this with since I'm single and have no kids. So I'm sharing the details with reddit. + +Also, I've seen people on the fence about taking a sabbatical and how it will affect their FIRE number. Along my journey to $1MM, I took 30 months off where I was not even contributing a single cent to my investment balance. I had the luxury of time in those 30 months and would not trade those experiences. Bottom line, "I should have worked more when I was younger," said no one. + + +**Breakdown of investments:** + +- Roth IRA: $216,639 +- Company 401k: $126,554 +- Rollover IRA: $509,739 +- HSA: $78,810 +- Individual: $72,309 + + +**Background:** + +My parents immigrated to the US when I was two years old. So my money lens was the pretty stereotypical asian immigrant parents, some adjectives to describe them: frugal, thrifty, modest, resourceful, and hard working. Ever since I was young, my parents groomed my siblings and I to go to college. They also emphasized grades and put us in supplemental tutoring. I ended up at a State university and graduated with an Electrical Engineering Degree in 2003. + +**Salary** + +&nbsp; + +| Year | Salary | +|:-----------|------------:| +| 2003 | 51,000 | +| 2004 | 54,000 | +| 2005 | 56,200 | +| 2006 | 58,400 +| 2007 |61,100| +|2008 | 63,200| +|2009 | 68,000| +|2010 | 70,400| +|2011 |74,300| +|2012 |80,000| +|2013 |82,800| +|2014 |0| +|2015 |0| +|2016 |60,000*| +|2017 |91,350`| +|2018 |94,184| +|2019 |96,236| +|2020 |99,797| +|2021 |102,790| + +&nbsp; + +*Started in Oct of 2016 + +`Switched jobs + +**2003-2014** + +I religiously invested my the company 401k. I clearly remember my peers were only putting in the company match while I was putting in double digit contributions. I think this is one of the most contributing factors in hitting the $1MM mark despite taking 2 years off from work. The early contributions did the heavy lifting for growth. Most of the money was a mixed of small cap, S &P 500, and company stock. In 2008, I remember the company offering a HD health plan with an HSA account so I took full advantage of that and invested the money in the HSA. I recall some of my peers were too lazy to invest the money in their HSA or had little money in their accounts. + + +**2014-2016** + +I don't exactly know what instilled the travel bug in me, but I knew I wanted to travel long-term and there were things I wanted to do on my bucket list that I could not do with vacation time doled out my corporate America. I think in late 2012 and in 2013, I started saving as much as I could. I clearly remember on rare occasions I would eat out, my friends would quip on how I wouldn't drink. I think I spent around $55k or so in those two years and I DO NOT regret spending the money nor the forgone opportunity cost of working and investing. In fact had I not quit, I have never thought of the time off as what if I didn't quit and kept working. It something I don't dwell upon. If I had not quit, I would have been miserable going through the grind. + +After taking the time off and returning to a full-time job, my mind was so much more at peace and calm. I felt accomplished in completing a life long goal and after those two years, it made me prioritize things in life such as experiences and cutting out the craps like consumer goods. I felt like I accomplished the goal of retirement while others were slogging away at work. There was a comforting feeling knowing that I could quit or be laid off and still make ends meets since I had lived two years with no income and any modest savings I had could be used to living expenses. + +I've seen some posts in here about taking "mini-retirements" or sabbaticals, I would highly encourage anyone to do so. The mental health benefits outweigh the opportunity cost of working and invest. I clearly remember, the last day of work when before my mini-retirement, it felt like that last day of school just before summer vacation. That feeling of "done." When was the last time you felt that? I do understand not everyone is a position to take a mini-retirement, but if you are contemplating it, just do it. + +The only investment related thing I did during my mini-retirement was convert some of my rollover IRA to a Roth IRA while my income was $0. That way I'm making gains in the tax advantage department. + +My asian parents were surprisingly supportive of my mini-retirement. I saved up the money and it was up to me to decide how to spend it. Though, they did keep asking when I would get a job and get married and all that stuff. + +**Housing** + +I bought a townhouse in 2005 and I rent hack by renting out the individual rooms to other budget minded recent college grad. The value of the townhouse grew a bit, but I still cannot sell it for what I paid for it. It's almost paid off and I have not included as part of my investment totals. + +**Car** + +I shot myself in the foot out of the gate bought a new F-150 truck with my new job, I was working a lot of over time and could almost pay cash for it that's how I justified it. It was around $28,000, but I kept it for 10 years with 192,000 miles and sold it for $7,500 in 2014 just before I quit to travel. In 2016, when I returned to work, my retired dad gave me his old Honda CRV with 135,000 miles on, which I drive to do this day. It wasn't a completely free car, there was some issues and I had to spend some money. I think in total I spent around $5,500 in sunk cost(oil changes, transmission fluid, brakes, new tires, battery) and repairs for an old car. I got around 100,000k miles out of that and plan to drive it to 300,000k. Had I not bought a truck and something more economical, I think I would reach the milestone quicker. + +**Bottom line** + +I'm part of the 2 comma club and there's no right way to reach the milestone. I'm sharing my journey and hopefully someone can take inspiration and say "this guy did it with taking a mini-retirement." There's more to life than reaching a black and white number on a computer screen. + +**Townhouse Value** + +I bought a townhouse in 2005 for $183k, there's about $36k on the mortgage. It's worth about $170k. So I have about $134k of equity there. The value of the townhouse has slowly been rising. + +**Future Plans** + +I'm currently employed and my happiness level is alright. I'm not mfing my current place of employment yet, but I'm still saving and taking trips and splurging here and there. I do want to get to the point of [MFJ](http://myfinancialjourney.com) where his investment balance is growing by $100k per month if not sooner. He has stopped posting monthly updates presumably because he has reached his goal of $2MM by the age of 40. + +EDIT: formatting, Added townhouse value, and future plans +Kind of just interested to see what people in here think of rental properties. A lot of you seem to love the passive monthly income so I’m curious why you guys would lean more towards dividends than owning rental properties? +I went to college from 09 to 14. Most of the debt is federal loans that have a low interest rate so that is not much of a concern. I paid off a private loan last year that was around 10k for the principal so that is an accomplishment. However my parents took out a loan in their own name so I could go to college. They did not want to put a heavy burden on me. I have over 20k in my account and the private loan they have is around 8k. I live with them and don't pay rent but I do buy my own food and make decent money for a single guy without many bills to pay. So should I pay off the loan myself? My parents are doing fine financially but they did get the loan for me so I feel like I am responsible for it. They never asked me to pay it off but they cover the mortgage and everything else. I don't want to pay the loan but my folks do so much for me. I kinda feel like it is the right thing to do. Not trying to humble brag or anything but I would like your perspective on this. +I recently went to my bank (large national bank chain) to retrieve some contents from my safe deposit box and when the bank employee opened the safe deposit vault there was no box inside! + +I had several paper I-bonds in there that are now gone. Plus some gold. The bank said they’re opening an investigation into what happened but that it could take months. + +I’m completely at a loss as to how this could possibly happen. I thought safe deposit boxes were very secure since it requires two keys and the bank doesn’t keep a copy of my key and everything is tracked and video monitored. It’s astounding that not only are the contents gone but the entire actual metal box inside the safe deposit vault was gone too! It had to have been an inside job, I can’t fathom how else this could’ve happened. When I last opened the box in February everything was there. Have there been cases of this happening before? What are my options? + +For the lost I-bonds, I thankfully have photocopies of all the bonds and I think I can report the lost bonds to the Treasury department to retrieve them as electronic versions right? I’m worried that whoever stole it might try to impersonate me and cash the bonds before I can do that. + +Edit: Wow this really blew up. I really appreciate all the advice. I'm going to file a police report and CFPB complaint. I'm hoping the bank investigation will reveal at least some clues, through the video or vault logs. I'll post any updates if I find out anything more. Thanks again! +Trust me this isn’t some bullshit “fake news fake news” and a middle finger. It would probably be beneficial for you to at least half ass listen to what I, and everyone else who uses this subreddit, have to say about how we view your work recently. To sum it up… it is clear to those of us with a soul that the news media right now is a disgusting, cancerous, absolutely fucking evil. + +This goes for all of you. From yahoo to bezinga to seeking alpha to the Cramers and all the pundits all the way up to Andrew Ross Sorkins (your wife a baddie tho). We see all of you. For the most part it’s been expected and has been a minor annoyance. But now…. Now we see you’re evolving into your final form. + +You am become death destroyer of worlds, or whatever. Shilling for Ken Griffin literal Darth Vader himself AND Bank of America in the same fucking article? You people are fucking satan. I can’t for the life of me understand how we grew in the same country and went to the same schools, listen to the same music and eat the same food. Does it get you people off knowing you’ll convince a couple thousand more average investors to bag hold for these bankers? Isn’t it bad enough Bank Of America is fucked? Can’t we leave it at that and not dig the knife that much deeper in the the heart of people just trying to get by in this country? + +I WILL keep a tab on every article that shills for bank stocks. This is not a threat. What you don’t seem to get is that we are adults here who know how to take nonviolent action. We will not forget and we will not forgive. When this is over do you really think we won’t have the means to launch our own platforms, with a larger audience, to continue EXPOSING every fucking skeleton you have hiding. We WILL expose it all. You people are fucked. +Im visiting my home country and my family since last week and yesterday i was having a coffee in a cafe with some friends. While checking out i saw this sign above the counter that blew my mind. It said that you could pay with Bitcoin, XRP, Doge, TRX, Litcoin, Ethereum, BitcoinCash, Monero or ETH classic! + +https://preview.redd.it/n56n3sb1n8n71.jpg?width=1536&format=pjpg&auto=webp&s=b9e54aec43f3b117602c0050e600566ac33b389f + +I asked if anyone paid with crypto before? and they said only one. I am not a fan of paying for daily needs with crypto just yet and i thought El Salvador accepting BTC as a legal tender was too early but i really needed to try this so i paid for everyone with BTC and it was nice. + +With the current inflation in Iran which is INSANE and is estimated to be around 50 to 150% most people are converting their savings to US dollars and now crypto. 1 USD equalls to 280000 Iranian Rials today. I hope crypto saves most of us. +The hardest part of investing is controlling your emotions. If you don't know how to do that, then you might sell your stocks too early because you got scared off, or hesitate to buy - and then miss a huge run-up. That's especially important when your stocks go down in value and you start seeing a ton of red in your account.. + +Here are three quotes that really helped me get control of my mental game. Each of them covers a slightly different aspect. Read them, understand them, combine them in your mind, and your profits should get a lot better. :) + +**First, this long but awesome quote from Warren Buffett, all the way back in his 1987 letter to shareholders:** + +"Ben Graham, my friend and teacher, long ago described the mental attitude toward market fluctuations that I believe to be most conducive to investment success. He said that you should imagine market quotations as coming from a remarkably accommodating fellow named Mr. Market who is your partner in a private business. Without fail, Mr. Market appears daily and names a price at which he will either buy your interest or sell you his. + +Even though the business that the two of you own may have economic characteristics that are stable, Mr. Market’s quotations will be anything but. For, sad to say, the poor fellow has incurable emotional problems. At times he feels euphoric and can see only the favorable factors affecting the business. When in that mood, he names a very high buy-sell price because he fears that you will snap up his interest and rob him of imminent gains. At other times he is depressed and can see nothing but trouble ahead for both the business and the world. On these occasions he will name a very low price, since he is terrified that you will unload your interest on him. + +Mr. Market has another endearing characteristic: He doesn’t mind being ignored. If his quotation is uninteresting to you today, he will be back with a new one tomorrow. Transactions are strictly at your option. Under these conditions, the more manic-depressive his behavior, the better for you. But, like Cinderella at the ball, you must heed one warning or everything will turn into pumpkins and mice: Mr. Market is there to serve you, not to guide you. It is his pocketbook, not his wisdom, that you will find useful. If he shows up some day in a particularly foolish mood, you are free to ignore him or to take advantage of him, but it will be disastrous if you fall under his influence. + +Indeed, if you aren’t certain that you understand and can value your business far better than Mr. Market, you don’t belong in the game. As they say in poker, “If you’ve been in the game 30 minutes and you don’t know who the patsy is, you’re the patsy. An investor will succeed by coupling good business judgment with an ability to insulate his thoughts and behavior from the super-contagious emotions that swirl about the marketplace. In my own efforts to stay insulated, I have found it highly useful to keep Ben’s Mr. Market concept firmly in mind.” + +**Second, the famous Litany Against Fear from Dune, one of the best sci-fi books of all time:** + +"I must not fear. + +Fear is the mind-killer. + +Fear is the little-death that brings total obliteration. + +I will face my fear. + +I will permit it to pass over me and through me. + +And when it has gone past, I will turn the inner eye to see its path. + +Where the fear has gone there will be nothing. Only I will remain." + +**Last but not least, my personal favourite - by Covetous Shen from Diablo-3. :)** + +"Hope... Do not look down, my friend. Even in the darkest of times, there is always hope. Hope for a better day, hope for a new dawn. Or just hope for a good breakfast. You start small, then see what you can get." + +Good luck - I hope this helped you. If you do end up making some extra cash off this advice, no need to thank me - just give some cash to your local charity. :) Or, if you're in Seattle or Toronto, let's hang out! The cider is on you hahaha +PLEASE SEE UPDATE TO THIS POST ---> [HERE](https://redd.it/6nq0u0) + +Most Recent Price Targets and Trading Range --> [HERE](https://www.reddit.com/r/ethtrader/comments/6nq0u0/ethereum_update/dkdx1fz/) + +(As is not unusual, people inevitably become defensive or angry when facts are explained contrary to their held beliefs. I urge you to take this simply as an attempt to help you make a more informed decision, and nothing else. Use this opportunity to add to positions when you see fit, but do so in an informed and responsible manner.) + +Having just completed an aggregate of $360k in Tezos, TenX, and Aeternity ICO's, and because I work for an asset management fund that handles alternative assets, I have spoken to several of the foundation board members and founders for 6 to 7 ICO's who will be offloading their raised funds, so there is going to be a huge flood of ETH coming back into the market in the near future. + +By a huge flood, I mean roughly ~$175M is likely to be sold back onto the market over the next 5 months or so. Not including any future ICO's which we might handle. I know roughly this amount for certain because that's what we have agreed to purchase OTC and exchange for several recently completed crowdraises. Not sure to what extent other brokers and asset funds will be helping convert these recent crowdraises, so this number could be substantially higher. + +ICO's are not slowing down, and the demand for ETH will likely continue in relation to the need for participation in future token sales. However, let me wholeheartedly warn you $190 isn't the bottom, we will likely see closer to $100 when all is said and done. Our portfolio has a NLT price of ~$97, and we'll be slowly dripping roughly 950k ETH into various exchanges. (This NLT is not exact and shouldn't be taken to be exact, as some users have mistakenly done so) + +As a result, the supply curve is going to be thrown very out of whack with various companies liquidating their raised funds. (Regardless of how meritless and overvalued they are) These overvalued raises have provided myself, and several other analysts that I work with, great hesitation in the price action in the near future. This technology and protocol aren't going away anytime soon, I just genuinely don't want to see people get wiped out of their entire position by buying these recent pullbacks. Let me fully disclose that I hold ETH, XMR, and XRP, and that I want nothing but success and price gains for all of them, I am simply trying to highlight a growing concern that is playing out as we speak and will likely continue into Q4. + +If you're a trader looking to rebuild a position, tread carefully as these insiders have already expressed their liquidation plans to myself and other firms as well, and we are currently in the strategy and analysis stage of how to do so in the least disruptive way possible. +In other comments below I have discussed various strategies that are commonly used to ensure we do not incite flash crashes or panicked selling by offering more than the market can handle. (See Link Below) + + +This is akin to walking a tight rope: balanced supply of what we need to liquidate on one side and demand expressed by the markets and institutions on the other side. Let's keep this civil and positive, pullbacks happen, and are healthy use it to grow your portfolio. + +Sincerely, You Crypto-Asset Fund Manager + +Ps. For those wondering the underlying strategy of my job, here ya go. [Enjoy :)](https://themerkle.com/what-is-a-bitcoin-dark-pool/) +As I'm sure you are all aware of, the flash crash that occurred a little over 2 weeks ago highlights a potential result of the [irresponsible liquidation](http://www.marketwatch.com/story/what-caused-the-ethereum-flash-crash-2017-06-22) + + + +Disclosure: Long ETH, XMR, BTC, and XRP +. + +. + +. + + + +Current Price Updates: + +Time of Post - $199.02 - USD - (7:20 PM - EST) - July 14th + +First Update - $181.38 - USD - (9:50 AM - EST) - July 15th + +Second Update - $164.24 - USD - (9:12 PM - EST) - July 15th + +Third Update - $130.50 - USD - (9:05 AM - EST) - July 16th + +Fourth Update - $168.04 - USD - (9:16 AM - EST) - July 17th + +Fifth Update - $193.75 - USD - (9:15 AM - EST) - July 18th + +Sixth Update - $222.23 - USD - (9:12 AM - EST) - July 19th + + +. + +I cannot and am not attempting to tell you where the bottom is, and any analyst or trader that says they can is being supercilious. I'm simply highlighting market forces for the near term that will inevitably drive the price of BTC and ETH lower from where they have currently been trading. Realistically you should never attempt to catch a bottom and rather scale in over time, cost averaging around what ends up being the bottom. Good Luck Fellow Hodlers + +. + +. + +. + +. + +. + +. + +(Edit) + + "We're doing really well as far as pairing off blocks, we're probably just shy of 50% through our first tranche with 2 more smaller tranches to go. It likely won't go higher than the $240 - $260 range, and if it does it'll likely be brief and unsupported at those levels. + +Again this is based on "current" metrics. We're seeing the strongest demand between roughly $210-$234 this seems to be the sweet spot and we've been able to increase our daily outflows. But this is likely to fade in the weekend look for sub $190 by Friday. + +Can't be certain, but the demand is holding steady (for now), and our pool is really cranking out our outflows. Best of luck. The main concern is that 3 more ICO's just closed this week and are likely to begin divesting soon thereafter." --> [LINK](https://www.reddit.com/r/ethtrader/comments/6nq0u0/ethereum_update/dkdx1fz/) + + + +💥 CHEEMS INU 💥 + +&#x200B; + +Cheems Inu is the next biggest meme token in BSC. We will be giving every meme token a run + +for their money with our unstoppable and original Utility - Meme Tools! We are currently minting our + +second generation of 500 NFT's ! Imagine if SHIBA had NFT's the first month they launched! + +&#x200B; + +👉🏽WE ARE RUNNING AN NFT BUYING CONTEST RIGHT NOW! FREE NFT'S WILL BE GIVEN TO RANDOM BUYERS AFTER 100 SELL! + +&#x200B; + +👉🏽We are currently working on a marketing campaign focusing on every global market. We have had almost a dozen + +professionally published articles by Yahoo Finance, Boston Herald, CoinTelegraph and many more! Multiple major articles + +still on the way along with a few press released throughout the month of December. Don't wait until you see us on CMC top + +ranking list! + +&#x200B; + +👉🏽Listed on Hotbit + +👉🏽Listed on BKEX Friday + +👉🏽More CEX's on the way soon + +👉🏽LLC completed within the United States - International LLC is in final stages of completion for more exchanges & partnerships + +👉🏽 The Developer has also KYC'd with a major company and the exchanges we have listed on ! + +&#x200B; + +Tokenomics - + +Buy Taxes - 10% + +Sell Taxes - 15% + +\* 50% of ALL taxes are BURNED out of existence ! + +&#x200B; + +Cheems Inu started with a 4K Market Cap and hit an All Time High of 24M ! We have constant marketing happening around the clock ! + +We were also listed on Hotbit prior to being listed on CMC and CG ! CRAZY, what other projects have done that?! We strive for excellence here in Cheems + +and try to do the things that NO other token has done in order to achieve nothing shy of pure excellence ! Please don't wait, swing into our community to find + +out more about Cheems Inu and where we are headed ! + +&#x200B; + +TWITTER - [https://twitter.com/CheemsInu](https://twitter.com/CheemsInu) + +TG - [t.me/cheemstokenbsc](https://t.me/cheemstokenbsc) + +Website - [Cheemsinu.net](https://Cheemsinu.net) + +&#x200B; + +Telegram + + ([https://t.me/cheemstokenbsc](https://t.me/cheemstokenbsc))Cheems Inu \*The Official\* + +[https://cheemsinu.net/](https://cheemsinu.net/) +My wheel strategy continues to evolve. I just watched on YouTube InTheMoney's video. He says to sell CCs above your break even. + +Problem is this is a #U\*I\* market and I'm bag holding! I'm guessing you're supposed to sell covered calls below break even then roll? If so, at what delta? Any comments on rolling? Sounds like there's an art to managing this. + +Thanks +https://www.visualcapitalist.com/global-migration-of-millionaires/ + +I found this article super interesting that is mapping the movement of millionaires from country to country. + +I was a bit surprised that Singapore didn't have a higher influx as it has lucrative flat tax and I thought was a magnet for HNWI changing citizenship. +I do still believe it has the highest per capita percentage of millionaires. +"It is legal to do. It's not a matter of being patriotic or not patriotic. It doesn't go that the more you pay, the more patriotic you are," he told The Washington Post. The U.S. federal corporate tax rate, which stands at 35%, is among the highest in the developed world. +Good morning /r/personalfinance, + +After screaming into the wind over in /r/news, I thought I'd come explain to you why the Reserve Requirement Ratio being set to 0% doesn't matter for you. There seem to be some significant misunderstandings about what it means, what the Reserve Requirement does, and how it affects consumers. + +First, the Reserve Requirement is the amount of cash (or cash equivalents) banks must maintain on deposit at the Fed. This money is used to settle interbank transactions and to encourage banks to maintain a certain level of **liquidity**. + +Second, if a bank's reserve account is below the limit set by the Fed, they simply borrow from other banks, overnight, at the Fed Funds rate. Banks with excess reserves will lend money to other banks with insufficient reserves at the Fed Funds Rate. On balance sheets, these are recorded as Fed Funds Purchased and Fed Funds Sold. When the Fed Funds Rate is 0% (like it is now), banks can effectively borrow from each other for free (realistically, almost free, since they'll still pay a few basis points). If the banks can't borrow from other banks (due to credit concerns, for instance), the bank can borrow directly from the Federal Reserve at the Discount Window (which currently has a rate of 0.25% for primary credit and 0.75% for secondary credit) to maintain adequate reserves. Setting the reserve requirement to zero, simply means bank's won't need to borrow from the fed or from each other at a very nominal rate. It essentially eliminates a small expense for banks while greatly reducing accounting transactions and interbank liabilities. + +So, what does this mean for the average depositor? + +**Nothing**. + +Just because banks don't need to keep liquidity at the Fed, doesn't mean they *won't*. They just don't need to incur an expense if their liquidity levels dip below the prior rate of 10%. Banks are also required to maintain Contingency Funding Plans (Funding and Liquidity Risk Management -Interagency Guidance) that creates a framework to ensure they maintain sufficient liquidity levels in times of stress and have sufficient contingent liquidity sources to meet their needs in those specific times of stress. + +Additionally, large banks are subject to the Liquidity Coverage Ratio, which is a requirement of Basel 3 (which are basically international banking accords). This requires Large Banks to maintain sufficient liquid assets to cover 1 month of out going cash flows. + +>Will this cause my bank to fail? + +Unlikely at this point. Compared to the 2008 crisis, banks are better capitalized, have better liquidity risk management processes (including the above mentioned contingency funding plans), and hold higher levels of liquidity. Banks are in a better position to defer borrowers, allowing them to recover before they become past due. + +>Does this mean bank's can lend an unlimited amount of money? + + +No, *No*, **No,** A thousand times no. This is the biggest misconception I've see (and honestly, the entire reason for my post). A reserve ratio of 0% does not mean banks can lend an unlimited amount of money. It means they can lend 10% more money (at most). Think of the reserve requirement as the minimum you need to maintain in your checking account before you start incurring maintenance fees. The Fed has simply waived that balance requirement and is waiving all the fees for everyone. + +>But what about Fractional Reserve Banking? Doesn't that mean bank's can lend out money they don't have? + +No. Per accounting rules, banks can't lend out money they don't have. For every dollar of assets (loans, investments, cash, etc), they need to have $1 in liabilities (deposits or loans)) or capital equity (surplus, retained earnings, etc). + +IF a bank has $100 in liabilities/capital, the bank must have $100 in assets. If a bank has $200 in liabilities/capital, they must have $200 in assets. There's a reason we call the balance sheet a balance sheet. Because it needs to **balance**. + +Further, banks are constrained by their Capital ratio (Assets divided by capital). This is part of Basel II, Basel III, 12 CFR 3, 12 CFR 6, and various parts of interagency guidance. Leverage ratios are around 9% for Large bank holding companies, and 10% for other bank holding companies (https://www.federalreserve.gov/publications/2018-november-financial-stability-report-leverage.htm). This means banks are leveraged about 10 to 1. This is much different than the financial crisis when it was closer to 20-1. (5%). And certainly much higher than Lehman Brothers, which had a leverge ratio of 31-1 (or 3.2%). + + +I hope this effectively explains why the reserve requirement going to zero doesn't matter for you. + +Recommended Reading + +https://www.thebalance.com/reserve-requirement-3305883 + +https://www.frbdiscountwindow.org/ + +https://www.occ.treas.gov/topics/supervision-and-examination/capital-markets/balance-sheet-management/liquidity/index-liquidity.html + +https://www.fdic.gov/news/news/financial/2010/fil10013.html + +https://www.investopedia.com/terms/l/liquidity-coverage-ratio.asp + +https://www.federalreserve.gov/publications/2018-november-financial-stability-report-leverage.htm + +**TLDR**: Removing the Reserve Requirement does not allow unlimited lending, eliminates the need for short-term borrowing despite the current nominal cost. Banks have other liquidity and capital constraints. +Recently I was looking for a way to include fund prices in Google Sheets, as the `=GoogleFinance()` formula stopped working for funds some time ago. In a [previous thread](https://www.reddit.com/r/UKInvesting/comments/e02s1u/using_google_sheets_with_funds_that_dont_have_a/), it was suggested that you could use `=ImportHTML()` to pull a table from an investment website, such as MorningStar or TrustNet. The downside of this method is that it pulls a whole table, which is wasteful and involves additional formulae to select the price that you need. Also, I'm a perfectionist, so I tried to find a more elegant solution. + +After learning what XPath was, I have been able to create the following line of code, which pulls *just the price* from the "Market Data" section *Financial Times* website. This works even without an FT subscription. The example below pulls the latest price for Fundsmith Equity Accumulator T-class [from the FT's data page on the fund](https://markets.ft.com/data/funds/tearsheet/summary?s=GB00B4Q5X527:GBP), but obviously you can swap this for any fund you like by changing `GB00B4Q5X527:GBP` for the relevant fund code (search [here](https://markets.ft.com/data/funds/us)). + +Note that, in common with TrustNet and MorningStar, the FT rounds fund prices to the nearest penny, so it is not quite a precise as a fund's website, which typically give price to 1/100th of a penny. + + =importxml("https://markets.ft.com/data/funds/tearsheet/summary?s=GB00B4Q5X527:GBP","/html/body/div[3]/div[2]/section[1]/div/div/div[1]/div[2]/ul/li[1]/span[2]") + +I hope this helps somebody. +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. +Hello Traders! Starting now on, every weekend discussion will be for Loss P\*rn and Gain P\*RN. We want to show off some gains and give rewards to the unfortunate who lost their mortgage + +\- Use [Imgur.com](https://Imgur.com) or other links to show off your glorious gains, losses and recoveries + +Still use this is a unfiltered discussion threads. Mention tickers you are happy about and tickers you will enter soon + +**NEW SUGGESTION**: Add your entry, exit and stop loss for the positions. This is a community to learn + +**Downvotes are discouraged. Be friendly, Add** 🚀🚀🚀 **and happy trading** + +**Use $SYMBOL FORMAT** ($BB or $[BB.TO](https://BB.TO)) +Discussion for the day. Free discussion to discuss what your plays are and how your portfolio is doing. + +NEW SUGGESTION: Add your entry, exit and stop loss for the positions. This is a community to learn + +**Downvotes are discouraged. Be friendly.** + +**Use $SYMBOL FORMAT** ($BB or $[BB.TO](https://BB.TO)) +Those following hpq.v know that investors have been waiting for some time for the details of an unnamed ev automobile manufacturer contract with them. After hitting an all time high the stock has stagnated and dropped a bit over the last week with no news. Yesterday the price started a recovery. From what I read on a different forum there was an uptick in volume including a bid for 400k worth of stock (I am not sure about this). This may be a sign that something is happening. Of course this also could mean nothing at all. +There’s a ton of content prescribing that 20-somethings purchase rental properties but not a lot telling them how to talk to a bank, how to find a tenant, how to find a decent contractor, how to find several decent contractors, how to handle getting sued by your tenant, what to do when anything on the property breaks and you’re negative on that month’s revenue, etc. + +It really is crazy that people like Grant Cardone have gotten away with this for so long. The realities of being a landlord are never mentioned by any of these people. It’s completely irresponsible and a sign there’s way too much money in circulation when these cowabunga dumbasses can say it’s a good idea with a straight face. + +Edit: I didn’t even mention the absolute hell that being trapped in a bad mortgage is, and you’re *trapped.* +https://www.bloomberg.com/news/articles/2019-06-02/morgan-stanley-sees-recession-within-a-year-if-trade-war-builds + +Until recently investors assumed that Tariff Man would keep the trade talks in his back pocket, eventually striking a deal for an easy win before re-election. + +What many are now realizing, is that China may not come back to the table, or at least in the same manner that they had before. China’s Communist Party has pressure from their hardline nationalists to walk away. President Xi Jinping has created a political brand centered around more nationalistic policy that is critical of the “Opening of China” to Western markets. The politically safe move for Xi Jinping is to stand up to the US to prove China’s strength and independence, regardless of the economic ramifications. + +Another factor sinking in for investors is the prospect of supply chain disruptions which will take years to re-establish. As Tariff Man has proved his unpredictability with the addition of recent Mexico tariffs, companies cannot rely on stable trade policy to simply move their production from China to Mexico. There is an increased risk involved with relying on Tariff Man’s current trade policy to establish new supply chains, since they could be disrupted tomorrow with a simple tweet. Companies looking to establish new factories and supply chains may be inclined to wait until the end of Tariff Man’s reign to find some stability before re-establishing or expanding their production. +After my comment in this thread https://www.reddit.com/r/algotrading/comments/8aku6a/mentorsomeone_i_can_ask_stupid_questions_to/?ref=share&ref_source=link + +I got a bunch of PM's and I thought it might be easier just to do a thread. Ask away! All questions on trading, programming, ML, career and life are welcome! +Hey all, + +Just wanted to share my good news with people who would appreciate it. It's been a bit of a journey but not so difficult. My husband and I embarked on this in earnest about 5 years ago. We were always both pretty smart with our money and started putting money into investments and RRSP's on our own before we even started dating. + +We basically followed the general guidelines outlined here, in the FAQ's, and Mr. money moustache, amongst other research. We spent less than 50% of our incomes, maxed out RRSP matching plans, maxed out TFSA's, made sure to rebalance portfolios on the regular, and invested primarily in index linked funds. + +Yesterday I put my resignation in at work. It's been interesting seeing the responses from people who generally seem in disbelief. When they find out I'm leaving the first question is always, "Where are you going?" When I tell them I'm retiring most are having a hard time understanding, but that's okay. I have to explain I'm retiring from the rat race, but that doesn't mean I won't work in the future, I just don't HAVE to. + +This is so crazy...I have butterflies. I haven't been unemployed since I was 14 so this is going to be a big transition. All the best to those of you who are there or working on it :) +Shares of Facebook and Instagram parent Meta have plummeted more than 40 per cent over the past six months – and some employees saddled with underwater stock options are eyeing the exits. “Joined Meta near [all time stock high], now feeling like shit,” one Meta employee said this week in a popular thread on Blind, a corporate message board with verified members. “What should I do?” “Leave this crap place,” another “Metamate” responded, according to the New York Post. “Same boat,” a third said, adding that they’re “already interviewing” at other companies. “Duh, you’re supposed to think Meta, Metamates, and me. Ask yourself if this train of thought is good for the company,” a fourth joked. “Just kidding … it super sucks.” + +Meta is facing a worker stampede as its stock price has fallen from an all-time high of more than $US380 ($A512) in September to $US216.49 ($A292) at the time of writing. The slide started last year as a damning series of leaks put massive political pressure on the company and kicked into overdrive as Meta started to feel the multibillion-dollar sting of privacy changes from Apple and Google that are pummelling its advertising business. “People are definitely paying attention and are concerned about the stock price,” Michael Solomon, who manages software engineers through his talent firm 10x Management, told The Post. “I think a lot of people have questions about if Meta is going to get out of this – if this could be the beginning of the end for them.” When software engineers join companies like Meta, Google or Amazon, their compensation typically consists of a roughly 50/50 mix of cash and stock options, with entry-level employees getting more cash and more experienced workers getting more stock, according to data from tech salary tracker levels.fyi. At Meta, new hires are typically given a set number of restricted stock units based on the company’s average stock price around the time they were hired. That means there can be huge upsides for employees who join before a company’s stock rockets – but it also leaves them vulnerable to downturns. + +For example, a Meta employee who was given $US100,000 ($A134,000) worth of restricted stock units around the company’s September stock peak would now be left with roughly $US57,000 ($A76,000). It also means that opportunists from other companies – such as Microsoft, which is down 10.3 per cent so far this year – can theoretically “buy the dip” by taking a job at a beaten-down company like Meta, getting more stock options at a lower price. In response to a disgruntled “Metamate’s” post on Blind, one Microsoft employee wrote: “The only people would be doing well are those who are currently transferring companies right now. I’m doing exactly that and headed to Meta.” Laura Martin, a tech and media analyst with Needham & Company, said that while many tech workers may feel loyal to their companies, it makes financial sense for many to switch jobs when the value of their options tanks. “If you’re not going to be making any money in your equity options for three years, it is in your interest to leave,” Ms Martin told The Post. “I agree with the decision to leave your current firm and go to a company and get stock at their current price.” + +https://www.news.com.au/finance/work/at-work/meta-employees-look-to-ditch-jobs-amid-stock-crash-feeling-like-sht/news-story/b8123ee29fd8adee016f6866fa5c82a7 +“They sold the shares under everyone's noses which wasn't priced in. So everyone that assumed they hadn't sold 3.5 million shares just realized it's already happened. + +It's like not wanting to grab the last chicken tender at a buffet because you assume it's cold, but you didn't realize it's from a fresh batch so it's actually still a hot tendy. Gamestop is the hot tendy and the market is coming to that realization in the after hours due to the announcement.” + + +And + + + +No it is very good for us, and here is why: + +• ⁠They sold slowly during the last few weeks. Carefully not to tank the stock price and keeping the price in max pain territory. +• ⁠They now have raised $551M free capital without debt or diluting ownership. They can do whatever they want with that money, e.g. supercharge the digital-transformation +• ⁠The shares they sold realistically also went to apes buying them up. It increased retails ownership of the float. If any, only a part went to hedgies, etc. +• ⁠The market didn't price in the selling. Looking at AH price movements, everybody seems to have been taken by surprise. I think the majority (me included) thought they would sell during the MOASS. +I want to remind everybody who has been here as well as new users. This is r/pennystocks not r/wallstreetbets, GME is not a penny stock nor has it been. Quit posting about it because it does not belong here and everybody already knows. We are having a huge influx of members as I'm sure you all are aware. We are not going to be removing 500 posts a day because people refuse to read the rules and follow them. If your post is found to be a complete lack of effort and against the rules you will be banned and nobody is going to explain why because that's what I'm doing now. + +&#x200B; + +This subreddit is a beautiful place but what is happening right now is not what this subreddit is for. Everyone needs to follow the rules and if you don't know what those are I suggest you go take a look. Please post helpful or insightful information or make your way to the lounge. Nobody needs to make a post with one sentence covering stuff people already know. You may be asking "How do I know if this post is good enough" well if you had to think about it, probably isn't. We specifically made the lounge so people can get quick answers or share a thought. These do not require a post! + +&#x200B; + +Everyone have a great day trading and be careful in these wild times. Thank you for reading and respecting this subreddit and it's user base. +My fiancé and I were dealing with family issues and couldn’t get a loan from a bank due to our less than ideal credit score. We wound up getting a shark loan at an astronomical interest rate. We have been paying back the loan and have exceeded the loan amount in payments, but the amount due keeps rising. We originally borrowed 1600 in late August and are now up to 2000 due and have already paid 2200 into it. Is there anything that can be done? Is defaulting and taking it to court to fight for paying just principal an option? +Edit: got it. Basically I’m young, naive, and only see the world with rose colored glasses. Will continue contributing. Not quite close enough for coast fire yet + +Edit 2: {Just a follow up for those late to the party. I’m actually in one of the few State pensions that hasn’t cut corners. As of 2017 we were 90-100% funded and had been since inception. A 2021 stress test noted that volatility was extremely low and basically economic collapse would be about the only real potential damning factor. + +Granted ours is capped at 50% of 4 highest years earned. It probably makes just as much sense to have faith in the pension as it does to have faith that the S&P 500 will repeat the last 100 years. + +I don’t see this as anything different than hedging my bets in case the market doesn’t produce the advantages it did for the last generation. + +Plus any savings I would have from curbing my contributions would go towards a home down payment. Which is itself, a form of retirement planning. } + +So I don’t really have anyone to talk to about and wasn’t sure where to post. Would like some feedback. Have I really finished saving for retirement already? + +I’m 29, $62k a year. I have an estimated retirement income of $94k a year, assuming I never received another raise, took all benefits at 62, and stopped all contributions to my Roth IRA ($42k saved) and my 401k ($31.5k saved). + +My employer makes an automatic 5% contribution to my 401k (no match required). I have a pension with for life annual payments that essentially works out to 50% of my highest income + +I have an emergency fund. I don’t own a home and have very little saved for a down payment. Single, no kids, one poodle. + +Can I really afford to stop contributing and direct money to other things? It just seems so counterintuitive +It seems silly to me to have 20k+ just sitting in savings. Shouldn’t I save it up in an ETF? Probably a Vanguard one, right? + +I’m close to 20k currently. Already saving for retirement and already have an emergency fund…just seems weird to have anything over 10k not in something that will give returns…especially when I’m probably going to be waiting for about a year at least. +Guys, + +We've seen people promising pizzas, tattoos, and other fun ideas for what to do if we hit certain milestones pricewise on the ETH charts. + +Well I was thinking. That's all good and fun, but can we do one better from a humanities perspective? + +At $1K USD on the GDAX ETHUSD charts (where I currently trade the ETHUSD pairing) I will sell and withdraw 5% of the total USD value of my ETH stack, and I will donate it to a local Children's Hospital or local Pediatric Oncology Center (will do due diligence on the handling of private donations by each before deciding). It isn't an astronomical amount by any means but it would be a good chunk of change that would not impact the goals I've set with the returns at 1k. + +To add a special little caveat, If we somehow hit $1K USD on the charts before the end of 2017, I will dress up in a Superman costume, despite my increased body fat resulting from increasing chart watching and decreasing time spent at the gym, and hand deliver my donation and spend the day with the kids in character as best I can. I am not as handsome as Henry Cavill or Christopher Reeve, but I think I can pull it off. I have the costume already. Maybe I could find someone to make me a Captain Ethereum costume instead like Capt. America but with the Ethereum Foundation logo so I can save myself the embarrassment of the spandex, but we will see. Edit: Ok EthMan because if I wanted to be Capt Ethereum I'd have to dress up as Vitalik, but I can't pull it off. + +This is something that just kind of came to me earlier this week. + +This is not meant to start a movement, or to guilt anyone into action. This is me asking you all to hold me accountable if / when we get there since life is getting increasingly busy as I approach some adult milestones in the near future. + +Cheers and happy chart watching in the meantime my friends! + +-Enigma (your friendly neighborhood Ethereum Foundation fanboy, Eth hodlor / closet trader, and Vitalik meme super machine) + +Edit: You're all beautiful people! + +EDIT: Per direct message I was instructed that this would be received better if I removed the politics from the post. I have done so. +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! + +Hi all, + +I quit my job. + +My situation is I have worked virtually non-stop for the past 15 years, I have around £60k in savings, I am single, in my mid 30s with a low cost of living. + +My annual living cost is around £20k. + +I feel exhausted and want to get away for a while, travel, and forget about life worries, but at the same time the pull of money, to work and have an income is strong because this is all I know. If I do not work I do not earn money which means my money pot does not grow. +\[Update: Thanks so much for all the help here everyone. Was super useful to get so many unique perspectives!\] + +\[deleted this post in the interest of privacy!\] +A few weeks ago BitPay made a change to their payment window, which has far reaching implications. + +They do not show a Bitcoin address anymore at all, you only get a link like this: "bitcoin:?r=https://bitpay.com/i/*****************". This is called BIP70 standard. How this works from a technological side, is that your wallet no longer sends the transaction directly to the Bitcoin network, but to BitPay, and then BitPay decides whether to publish the transaction to the network, or reject it (please feel free to correct me if I am wrong and/or is I have oversimplified things). By doing this, BitPay literally becomes the gatekeeper deciding which transactions are "correct", based on political whims. This already means that BitPay invoices can be paid only with several wallets, as most wallets do not support BIP70 at the moment. While there is nothing wrong with BIP70 per se, what is wrong is that BitPay has made this **mandatory**. + +While I do not have any solid proof that BitPay is using this to blacklist addresses / transactions at the moment, it is inevitable that sooner or later they will be forced to not only blacklist some addresses, but more likely to only accept payments from whitelisted addresses. The argument is very simple - up until now, there was no technological way to "reject" a Bitcoin transaction. Now, BitPay has implemented a method to do exactly that. Since the method already exists, the governments will no longer accept the excuse that it is impossible, and will force BitPay (and other Bitcoin payment processors) to implement blacklisting / whitelisting. The worst case scenario would be allowing to only accept payments made using centralized wallets with mandatory KYC. + +This greatly hurts the fungibility of Bitcoin. The reality is, that most merchants accept bitcoins via BitPay and other Bitcoin payment processors. If I can not use my bitcoins to pay the majority of the merchants, then they are worth less than "untainted" bitcoins. + +What we, as a community, can do to fight this? + +1. Develop and promote privacy / fungibility improvements for Bitcoin. In my opinion, weak fungibility is currently Bitcoin's biggest problem / risk. + +2. Boycott BitPay and any other Bitcoin payment processors implementing **mandatory** BIP70. + +3. Promote other, socially responsible, pro-Bitcoin payment processors. Contact the stores which use BitPay, and ask them to switch to another payment processor. Explain your reason why you will no longer purchase from them until they switch their processor. + +A list of **recommended** Bitcoin payment processors: + +CoinGate - https://coingate.com/accept-bitcoin + +Coinpayments - https://www.coinpayments.net + +CoinsBank - https://coinsbank.com/merchant + +Why some other payment processors are **not recommended**: + +Coinbase - did not integrate SegWit yet, purposefully spammed the network (no transaction batching) to create a transaction backlog and raise the fees: http://bitcoinist.com/mempool-coinbase-spamming-bitcoin/ , supported SegWit2x attack: http://segwit.party/nya/list/ + +Coinify - supported SegWit2x attack, planned to call "the chain that will have the most hash power" as BTC: https://support.coinify.com/News/NewsItem/View/47/coinify-statement-on-segwit2x-hard-fork + +Gocoin - supported SegWit2x attack: http://segwit.party/nya/list/ +$AXP reported earnings this morning. Excluding the reserves, the results beat market expectations. The stock is up in early trading. + +https://seekingalpha.com/news/3564091-american-express-builds-reserves-cuts-costs +Just a trust me bro. + +So since the stock split was announced months ago, I’ve been hyping GameStop. Now that it finally has an expiry date, I’m hyping again. + +Because of the date, 3 people have FOMO’d in and have bought through Fidelity. + +Once in, I’m show them the horror of the shorts dd (sorry no link) and now they are figuring out how much more they can invest and asking a ton of questions. Guess what they are doing next? + +DRS’ing that shit. + +The FOMO is here guys. That was 3 people that have never bought a stock in their life. + +Hedgies R super fuk + +🚀🚀🚀🚀 +&#x200B; + +# 0. Preface + +Not a financial advisor. I also have no financial experience or qualifications. Thought I'd make that clear per a commenter on my last post who wasn't happy with me. ;) + +Also apologies if some of this doesn't read right. A bit buzzed typing it up lmao. I'd be happy to clarify anything in the comments. + +Hello apes. You might remember my previous posts. But just in case, I'll add them here once more because I'd like to expand on them a bit further. + +[The Danger Zone and the SI Report Loop](https://www.reddit.com/r/Superstonk/comments/n792mf/all_shorts_must_cover_theyre_entering_the_danger/) + +**Summary:** Short positions are required to be reported twice per month on "Short Interest Report Settlement Dates". Between each of these settlement dates, the price has a volatile move both up and down. Consistently between each cycle is a higher price floor. Melvin received their $2.75 billion cash injection the day $GME spiked to approximately $160. They have crashed the price from $350 every time. As they bleed money, it appears that the margin call price lives in a "Danger Zone" between $160 and $350. + +[Net Capital Bomb - AKA The Margin Call](https://www.reddit.com/r/Superstonk/comments/n4h832/major_deep_itm_call_option_dates_a_massive_net/) + +**Summary**: Citadel and any other MM that have been complicit in naked shorting of GameStop now worry about net capital (or in a sense their own Margin Call). They must have sufficient capital to support their debts, such as short positions, so that they can payout in the event of a default. The more shorts they open, the higher debt they have, and thus the more capital they need to raise in order to avoid going net negative and violating [Net Capital Requirements Rule 240.15c3-1](https://www.law.cornell.edu/cfr/text/17/240.15c3-1). + +I've seen a **TON** of posts regarding TA, wedges, MACD crossing, RSI, "breakout signals", etc. but I always wondered **why** these patterns repeated. And of course, wondered why nothing would happen even if we had 'bullish' breakout signals. We'll see posts about wedges breaking and attributing it to "shorts using all their ammo" or "whales buying it up" but I have reason to believe that the price spikes, both up **AND** down, **are caused by the shorters**. Don't stress about the daily movements. Seriously. Your mental health will thank you. :) + +GME is a curious case. For that I truly think there is an underlying reason for the price movements. Which is why I started looking into major option dates, came up with T+13, scrapped T+13, and eventually arrived at the SI Report Loop theory. I mean, that isn't to say the major option dates still don't play a role here - in fact I'm going to touch on that subject in this post as well. + +This is all just a working theory trying to explain **why** the price is moving the way it is. I would love to continue building on it, fitting in pieces from other apes, or until the theory crumbles. But so far, it has made me enter complete Zen Mode. I don't even care about the price. I'll explain why. + +https://preview.redd.it/eoldh4kokey61.png?width=744&format=png&auto=webp&s=3bd4fd5fe7a613af88cc80bc0ae0b4272d2d9fb5 + +# 1. Hedgies Are Trapped Between a Rock and a Hard Place + +They're truly stuck. Things were honestly looking in Melvin/Point72/Citadels favor back in February but it has since been a **huuuge** middle finger back at them because retail got their second wind as of DFV doubling down on February 19th. + +Let's take a look back at the data /u/broccaaa found for SI% versus PUT OI. This is my favorite chart, ever, by the way. When ever I have doubts I just look at this chart. + +* The top, in orange, is PUT OI. The top, in blue, is CALL OI. Both PUT and CALL OI is reported in **millions**. +* The bottom, in green, is SI%. The bottom, in blue, is FTD % of float. + +https://preview.redd.it/fsryz4xvxey61.png?width=1846&format=png&auto=webp&s=8d5c3fb036686338d555bb56d6c0cd008a9b0dd4 + +When the January runup happened, the shorters hit the motherfucking **emergency button** to block buys on exchanges. This allowed them to fake-out to the world that they 'covered' by dropping SI% like a rock. **This killed motivation worldwide and the price hovered around $40 throughout February.** How did this happen? Well, most likely by hiding the shorts in PUTs. You'll see that PUT OI goes absolutely insane when the SI% dropped. How insane? **At it's peak, the PUT OI was roughly 2.00e6 = 2 million PUTs = 200 million shares worth**. **Does that sound normal for a stock with only 70 million outstanding shares and only \~50 million float?** + +What's even better is from this data that /u/yelyah2 collected, we can see what options were used to hide these shorts. I've highlighted in red the data from January 26th, just before the craziness occurred. And then you can see what the PUT OI was for each date prior to expiration (dashes following). As you can see they spread their shorts pretty evenly between these major dates. + +https://preview.redd.it/f69s5ephyey61.png?width=1112&format=png&auto=webp&s=374144d795e4f7bf41024863c8b473ddd675b112 + +So it's just a working theory of course, but every single one of these dates expiration should result in shorts popping out. In this case, roughly 400,000 OI = 40 million shorts **per major option expiration (Feb 19, March 19, April 16, July 16, January 2022)**. They have to choose between a rock and a hard place: + +* A) Delaying the shorts once more by hiding them in **more** PUTs, **costing money to do so** +* B) Let the shorts be calculated in the SI% report upon the SI Report Settlement Date. + +**I'd like to note that with either A or B, the price is not effected. They are hiding the shorts in PUTs. They're not exercising these PUTs. They are simply storing their shorts away for a later date, but it costs them money to do so each time.** + +Which then enters the [Net Capital theory](https://www.reddit.com/r/Superstonk/comments/n4h832/major_deep_itm_call_option_dates_a_massive_net/) that I posted about. + +If they want to delay their shorts longer, they'll need to spend **more money**. The more money they spend, then the less capital they have. The less capital they have, the easier it is for them to go net negative and essentially become margin called. Ever wonder why crypt0 and other assets are doing weird pumps and dumps? Yeah. That could be why. + +They are probably on their last legs trying **so hard to raise capital to push things out while simultaneously trying to remain net positive**. Check the dates when d0ggi3 c0in started to pump. January 28th. April 14th. May 4th. Interesting coincidences, right? Am I crazy to think we'll see another d0ge pump on May 13th-May 17th, the next cutoff for net capital? + +# 2. Why the price spikes up AND down are artificial + +I'm going to steal some TA. Though only OBV because that's actually pretty significant. For any normal stock you should see OBV pretty much trending with a rough shape of the stock price. GME is... different. There's been very little volume on the spikes downward, implying that none of retail is selling and that the spikes down are artificial. And I truly believe that retail is not selling. I mean sure, there's probably some paper hands out there, but they're pretty much gone. Sorry /u/HomeDepotHank69 \- I'm stealing your OBV chart from your [Theory of Everything](https://www.reddit.com/r/Superstonk/comments/n66tzh/hanks_definitive_gme_theory_of_everything/): + +https://preview.redd.it/5dcqu7qmjey61.png?width=1119&format=png&auto=webp&s=d19795d493bd74c09ddb5cbc5dbe66479b12cfd2 + +But the OBV charct doesn't really explain **why** the price drops are artificial. It's literally just a chart of OBV increasing over time. It theoretically shows that retail isn't selling, but what exactly is going on here??? That's what has always bugged me. Because I want to know the underlying reason as to why the price moves. Which then led to the SI Report Loop theory. + +To recap from the "SI Report Loop" theory, below we have a chart showing each [SI Report Settlement Date](https://www.finra.org/filing-reporting/regulatory-filing-systems/short-interest). The Hedgies need to wipe out their shorts by these dates, otherwise they risk a spike in SI% upon the receipt date. They do not want SI% to spike, otherwise it screams to the world, "We haven't covered shit!". So ever since January 29th they've been stuck hiding their short position because they can't risk having retail come back in. Retail will shove a big ol' banana up their ass if they let SI% skyrocket again. But, obviously, from the price increase since February 24, they're fucked anyway because it's costing them more to hide their shorts every time. + +https://preview.redd.it/wutbcjnwvdy61.png?width=1385&format=png&auto=webp&s=d63c756cf0aa4444366e614c8db4f708a187e3d3 + +I'll refer to the time between these Settlement Dates as a "SI Report Cycle". + +* E.g. Feb 26-Mar 15 is a cycle because it starts and ends on two sequential settlement dates. + +Not only do they have to worry about hiding **new shorts** they open up during these SI Report Cycles, they need to worry about **FTDs from retail buy pressure**, **and potentially old shorts** that were hidden in options expirations that I mentioned in Section 1. For example, if 400,000 PUTs carried shorts and expired on March 19, they'd go, "Oh shit. We have to deal with those too". That's **MORE** money they have to spend in that cycle. With a higher price floor, that's even **MORE** money to continue their bullshit. + +# It is not a cycle of FTDs. The FTDs are satisfied when they first pop up. They satisfy these FTDs with synthetics, thus increasing their total short position. The FTDs are not "pushed out" but rather their short position is pushed out. + +# The cycle they battle is delaying their short position and avoiding the true SI% from appearing. Which at this point is probably well over 200%. Pushing these out costs them money, but does not influence the price because they don't ever exercise the PUTs used to hide the shorts. + +# The artificial spikes/drops are due to shorters combating retail buy pressure which occurs between SI Report Cycles. The SHORTERS are the cause of the spikes up and the spikes down. + +If you look closely, we get volatile movement up, and volatile movement downward between each SI Report Cycle. Every. Cycle. Now why is that happening? + +I am convinced that the volatile movement in price are caused entirely by hedgies fucking with the price in an attempt to suppress retail and shake them off. But their attacks are getting weaker because of wasting money on hiding shorts from major options in PUTs and getting closer and closer to going net negative in their net capital calculations. + +Anyways, here's what most likely happens in each SI Report Cycle: + +1. Retail buys in. FTDs pile up because they can't find legitimate shares. + +2. Synthetic shares are created by shorting the stock to suppress the price. Price goes down. + +3. Synthetic-covered ITM CALLs are bought up by shorters who need to deliver FTDs. Immediately exercised and price goes back up (net neutral effect, the synthetics shorting and then the FTDs being satisfied cancel out the volatility) + +4. The price going into the next SI cycle is the "true" price due to retail buying. It's consistently going up because retail is buying and not selling. A slow burn upward. + +5. They hide any additional shorts with OTM PUTs + +# We're seeing the price slowly rise because retail is applying buy pressure and not selling. If you removed all the fuckery, we would have seen the price steadily rise over time from January's $30 price point to today's ~$160 price point. Every single spike up is due to hedgies covering FTDs, and every single spike down is due to hedgies suppressing the price. THERE IS NO FRIENDLY WHALE causing these spikes. Each spike is caused by ITM CALLs being exercised. There is no "day" that retail suddenly has mass buy pressure causing the spikes. It is ALL because of the shorters are stuck trying to suppress the price and simultaneously having to satisfy FTDs between each SI Report Cycle. + +Let's draw a rough estimate of price movement in **green** if no fuckery occurred. Connecting the price floors from January until now. Hmmm. Looks similar to OBV. Doesn't it? + +https://preview.redd.it/qr5ir9ujnfy61.png?width=1383&format=png&auto=webp&s=5a446fa62937f91c33e1b5b6d40655c64e3d6f47 + +Let's roll back in time to January 13th. GME was the **craze** around the world. The price point was a meager $30 - many people could enter the game. Due to the hype, even the higher prices of $150-$400 was still attractive for enough buy pressure because the shorters were almost guaranteed to be fucked back then. + +You know what happened in January? **FTDs skyrocketed.** + +https://preview.redd.it/zjv8dnk17fy61.png?width=1897&format=png&auto=webp&s=3d0a27d4c70e20dcc2e6f87d3d2995efe660d37b + +The first oh-shit-what-the-fuck-do-we-do moment happened to hedgies: + +1. Retail buys in. A LOT. FTDs continue an insane pile up because they can't find legitimate shares since it was already over 100% shorted at the time. + +2. FTDs need to be stopped. Buys are shut down so that they can satisfy the FTDs and hide their short position to try to kill off retail motivation (we covered! Don't come back now!) + +2. Synthetic shares are created by shorting the stock to suppress the price. Price goes down coupled with retail paperhanding. + +3. Synthetic-covered ITM CALLs are bought up by shorters who need to deliver FTDs. Immediately exercised and price skyrockets. + +4. They hide any additional shorts with OTM PUTs + +5. Combination of #2 and #3 caused the January fake squeeze. All FTDs are now satisfied and they've hidden their short position, but in this process OPENED MANY MORE SHORTS BY CREATING SYNTHETICS. + +And thus, the entire January price spike was artificial and the drop was mostly artificial (note that as of exiting the January squeeze it still resulted in a higher price floor). + +The price died off a bit from January, and it probably was going to swing back into the shorter's favor. + +...Until DFV doubled down in February. It gave retail a second wind. A shitload of buy pressure entered due to the cheaper price, resulting in many FTDs that had to be satisfied through more synthetic shares. It was essentially a repeat of January because **it was a cheap price point for retail to enter**. Ever since then it has generated a lot of diamond goddamn hands because despite the artificial price swings, t**he game was still on.** + +And then of course, over time, the price has started to converge around $160 due to it being a little bit more expensive for retail to enter. We see higher price floors, but its tapering off because it's getting more expensive for retail to buy in. It's easier to have massive amounts of FTDs from buy pressure in the $40 price point than at the $160 price point. But that's not to say retail is losing. I'm simply explaining **why** it jumped so fast from a $40 price floor to a >$100 price floor and has since tapered off. + +**Literally any catalyst that causes buy pressure surge could cause a repeat of January and February because they'd have to deal with a shitload of FTDs.** + +GME has been tapering off with less volume because, well, less retail buying in over time due to a higher cost to enter. The price has been converging around \~$160 since March, and I believe that's all because of the higher price point of $160, so it's a little bit more difficult to get a lot of retail buy pressure due to it being more expensive than it was back before the February runup. + +They continue to match the retail buy pressure with shorts (\~50% short volume each day) to suppress the price, continuing to cause these ITM CALL purchases to satisfy retails' FTDs. But it's a fruitless effort because barely anyone is selling despite their tricks. And we see that it's fruitless because the price floor rises each SI Report Cycle. **Every. Single. Time.** + +# So now it's getting to the point where the price is back to the January levels when Melvin received their cash injection. They've been bleeding money trying to suppress SI% and dealing with FTDs by creating more synthetic shares. They can continue this effort... but it doesn't seem like they can much longer. + +Here's a picture of Melvin/Citadel/Point72 as of this moment: + +https://preview.redd.it/dbbct5b2bfy61.png?width=1349&format=png&auto=webp&s=c1b4e4b3b04bbd32521edde3c9305a36a7dc9268 + +# 3. Hello old shorts - Why SI% might skyrocket + +I'll leave you with this thought. I'll call back to the [SI Report Dates](https://www.finra.org/filing-reporting/regulatory-filing-systems/short-interest). In there, you'll find three columns: + +* **Settlement Date**: The date at which short interest positions must be determined. +* **Due Date**: The date at which the report of the SI from the settlement date is due by. +* **Exchange Receipt Date**: The date when FINRA finalizes the reports and delivers them. + +Settlement date. They NEED to have their shorts hidden in PUTs by then or else they are reported in the SI%. (Hey they could very well have figured out a new trick to hide shorts!) + +In February and March, the boys probably had enough capital to combat the 400,000 PUTs expiring and shitting out their short positions on them on both February 19th and March 19th. Since then, they have probably been struggling with **net capital** and need to keep it high enough while also hiding their short position. (Hello d0ggi3 c0in pump.) + +If April 16th crapped out a bunch of shorts once more, then they would have had to hide them by April 30th Short Interest Settlement. If they have not hidden them, then the receipt date for April 30th SI% is May 11. We could very well see SI% skyrocket on May 11. **Note: This is NOT a price increase. This is the SHORT INTEREST percentage that could increase.** Basically saying to the world, "Hey you remember how we said we covered? Haha. Good joke. Right? **Please be gentle...**". + +But of course, we saw some assets pump and dumping. Which might have helped them raise enough capital to hide those shorts again. Even then, they're stuck between a rock and a hard place of retail continuing to buy and very few paper hands selling. + +* Every SI Report Cycle, they need to satisfy new retail FTDs with synthetic shares, increasing their short position. (Price spikes up due to these ITM CALLs) +* Every SI Report Cycle, they want to try to kill retail buy pressure by shorting the stock, also increasing their short position. (Price drops down or spikes down) +* **The end result is the synthetics and ITM CALLs cancel each other out. The "true" price is revealed going into the next SI Report Cycle.** +* If any SI Report Cycle has a large amount of shorts spill out that were hidden in options, they'll need to determine if they need to delay them or let the shorts get reported on SI%: + * If they delay the shorts again through PUTs, it costs them money. They have to worry about their net capital and not go net negative. If it's going to cost too much, they need to pump/dump something to raise the capital. + * If they don't delay the shorts, then the SI% can skyrocket, initiating retail buy pressure again because it shows they haven't covered. +* Every SI Report Cycle and delaying shorts they bleed money, making net capital an ever-looming presence. They can't pump and dump assets forever. +* **It's just an endless cycle of them making more and more synthetic shares to satisfy FTDs. Digging a deeper grave every day.** + +I wonder... how long can they last? +Long story short, I’m 28 years old, NW $700k, aiming to fat FIRE. Company I work at is going public very soon, I have 13000 stock options (ISO) at an average exercise price of $1.80. I have not exercised my options yet. I looked through some old posts, general consensus seems to be to talk with a CPA. Anything specific I should be looking/watching out for? + +This event alone is not going to set me up to Fat FIRE, but hopefully will speed things up. I’ve never been through an IPO so any and all advice would be appreciated. + +Edit: Wow, this received way more responses than I expected! Thank you everyone, I have a lot to read through. + +One more question based on some of the responses. If I have not exercised yet, and IPO is only a few weeks away, and I don’t plan to leave the company soon, would it be best to just hold off on exercising for now? +I think I found that group randomly on Instagram where they have just a couple of followers but when I checked their Telegram, I was quite shocked to see 150k members there. As I try to experience all the possible things you can do in the crypto space, I naturally joined to see how that process work. Here is a short summary of the annoying journey. + +&#x200B; + +**When?** + +The group doesn't allow any comments besides their own announcements. These announcements have a very simple order. They tell you when will the next pump happen and then they send several reminders as you're getting closer to the pump day. I think that they do these pumps around 2-3 times per week or something like every three days. + +&#x200B; + +**How?** + +There is a set time for when the pump starts. On the exact time and day it was planned, the announcement will display a simple message that just states the specific token's symbol. That seems to always happen at 6pm UK time and at the very second this happens, the price skyrockets. That only lasts for about a minute. For another minute the price hovers around the same high price and then it starts to drop hard basically to the pre-pump price. The owners of the group state something like that they "hold the pump for two minutes to attract outside investors", but I think that's just a clever statement how to screw over a lot of people. I will come back to this in the conclusion below. + +&#x200B; + +**Where?** + +So all of this happens at Hotbit exchange which I've never used before and it just look so bad. I'm sure there is a very good (shady) reason why the pump group uses this exchange but I don't know the details so feel free to expand on this! + +&#x200B; + +**My own experience** + +I prepared around 28 USDT and sent it to Hotbit (I did that by swapping it around with XLM to save on gas fees). I had the Exchange tab at Hotbit ready and Telegram opened on my phone, waiting for the "signal". As soon as the token symbol was revealed, I typed it to the search tab and tried to swap all my USDT as the price was immediately climbing high too fast. The price per token before the pump was $0.0038. My trade went through 19 seconds after the pump started when the price already grew 1000% to $0.039! I didn't really know what to do because the interface of Hotbit is so bad but I knew if I will hold longer than another few seconds, I will be screwed. I quickly sold everything at $0.051 (highest point of the pump was $0.06) making around $10 profit. + +&#x200B; + +**Conclusion** + +Sounds good? Actually not at all! It only took few seconds for the price to reach the top which means if your trade goes through just a little bit late, you will buy at the top and watch your money lose 10x of its value in the next minute. Obviously there must be a shit ton of people who already know which coin will be pumped and all the small flies like me only help them to pump it more. I think that the statement about "attracting outside investors" is just bs because the price wouldn't drop back to the original value if there were more people outside of the group buying. + +If you want to play around and risk with your money, this is a fun thing to try out but remember you can easily end up with $100 worth of shitcoin after putting in $1000. You will definitely never be able to buy fast enough to get those 1100% profits so don't let that blind you. I was super lucky and got out with like 30% profit? I'm sure that's just because I put in a small amount of USDT. Was that like 10k USDT, the trade might have been executed at the top and I would turn into a clown 🤡 + +&#x200B; + +Thank you and if there is any total shit out there that you want me to try out with my, now $38, I will be more than happy to try it out so you don't have to! +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +To add: The world’s ninth-richest person believes in his friend’s car company. At today's Tesla's valuation, Larry Ellison's stake would mean that he owns 1.7% of the company. + +[https://www.marketwatch.com/story/larry-ellison-discloses-1-billion-stake-in-tesla-2019-01-08](https://www.marketwatch.com/story/larry-ellison-discloses-1-billion-stake-in-tesla-2019-01-08) +I never thought I'd be writing a followup to my original post. If you missed it or need a refresher pleaz click here [but don't expect to learn anything.](https://www.reddit.com/r/Superstonk/comments/qcijxx/i_think_hedgies_might_be_stuck_in_a_4_year_ftd/) + +TLDR: I found a pattern of our runup/rundown/unusually high volume dates in 2021 happening on the same dates as unusually high volume dates in 2017. At this point it has been correct 100% of the time give or take one day. Also, its one of the few DDs that predicted a hype date that hasn't aged like milk. + +And it's still going into 2018/2022. + +To preface. I have no idea what this is. All I can say is that it's spooky, deserves wrinkl's looking into, it invalidates the fair market hypothesis, and the next date is worthy of hype. + +&#x200B; + +https://preview.redd.it/td0ju6djozz81.jpg?width=235&format=pjpg&auto=webp&s=5e849e5cc45b6f7c8ec70e1cfa24ac04048e4ead + +&#x200B; + +Right. + +So I thought the 3 month FTD/swap cycle was over after November 22nd when February had no runup. After the high volume dates in 2017 lining up with 2021 I thought we entered uncharted territories. There were no high volume dates after november 2017. The next wickeed high volume date after November 22 was + +&#x200B; + +https://preview.redd.it/vqfpq49uqzz81.png?width=1054&format=png&auto=webp&s=c1b4b8f1aebf59aab9caf2a8ce6e019174d12537 + +Yep. It called the March runup. + +&#x200B; + +I'm gona keep this one short and sweet. + +The next hype date in the 4 year cycle chain is. + +&#x200B; + +[6\/1](https://preview.redd.it/2bsusy3mrzz81.png?width=1090&format=png&auto=webp&s=efa2f83bcf3dcf30156193217e858197951d6e37) + +Yes. June first. + +I have never been more hyped for a particular date more than this ever in my life. + +Stay classy, I'll see you all at the party on the moon. +I'm curious about any country (or institute) that's been researching (or proposing) interesting new methods of taxing citizens. + +Would love to learn anything that's been on anyone's radar. +Abolish the income tax for everyone(replacing it with a Land Value Tax) except for people that earn below a certain income threshold, but for these people make it a negative income tax, wouldn't this be better than our current welfare state and also any form of UBI. +In other words, is Economics only a collection of descriptive methods that should not be assumed to have significant and reliable predictive value, thus not deserving to enter into normative matters? + +I am not here to attack anyone, however, this question bugs me and I wanted to hear from actual economists, since you most likely possess information that I don't for not being an academic in the field. +I am just trying to understand the banking system. Is there any history of a bank just going into their database of accounts and adding $1m to someone's account out of thin air and what is the system in place to audit this? + +Is there a central government register that also keeps a tally of how much money is in everyone's account or is this responsibility left to the banks? +["The process of capital accumulation forms the basis of capitalism, and is one of the defining characteristics of a capitalist economic system."](https://en.wikipedia.org/wiki/Capital_accumulation). I'm wondering why that is exactly? It seems possible to have a capitalist system that doesn't continue to accumulate capital, perhaps a desired capital goal is reached and continual expansion is then halted. + +I've read that competition is one of the main drivers of capital accumulation, but why is that? Is that because you could be put out of business because you will be unable to compete with prices due to the economies of scale? + +What prevents a capitalist system from developing whereby capitalists don't continue to accumulate capital but all reach a certain point and then stop? +AMC Entertainment mentioned Monday it will begin accepting bitcoin as payment for movie tickets and concessions if bought on-line in any respect of its U.S. theaters. + +CEO Adam Aron mentioned throughout an earnings name Monday that the movie theater chain will have the IT methods in place to take the cryptocurrency as payment by the tip of 2021. + +The transfer marks a wedding of two extremely speculative property — bitcoin, identified for its wild volatility, and AMC, which turned a meme inventory star favored by retail merchants on Reddit’s notorious WallStreetBets discussion board. + +The value of bitcoin swung drastically in latest weeks, final buying and selling round $46,000 after falling under $30,000 final month. The latest rebound got here amid optimism {that a} cryptocurrency compromise will be included as a part of the bipartisan infrastructure bundle. The Senate finally didn’t advance the deal. + +Tesla had introduced plans to allow bitcoin transactions, however it halted automotive purchases with the digital token in mid-Could as a consequence of considerations over how mining contributes to local weather change. CEO Elon Musk has since commented positively on bitcoin, saying he plans to carry the coin long run. + +Shares of AMC climbed greater than 4% in prolonged buying and selling on Monday following a better-than-feared earnings report. The corporate posted a narrower-than-expected loss throughout the second quarter, together with income that topped analysts’ estimates. + +The inventory has rallied practically 1,500% this 12 months as a band of retail merchants who coordinated trades on social media platforms managed to create a large brief squeeze within the shares. The struggling movie theater was a preferred brief goal amongst hedge funds and different gamers. +https://www.cnbc.com/2020/08/25/jeremy-siegel-coronavirus-spike-in-the-fall-wont-derail-stock-rally.html + +A spike in coronavirus cases this fall would not seriously impair the stock rally on Wall Street, according to Wharton School professor Jeremy Siegel. + +"It's not going to be a serious correction, not anywhere again down near those March lows," Siegel said on CNBC's "Squawk Box" on Tuesday. + +Siegel believes value stocks may outperform tech next year, but added that there is "room really for both groups to go up in 2021." +I've noticed a lot of people suggesting Ethereum is outdated tech and that BNB is the future because it has lower fees. That couldn't be further from the truth. + +BSC is an Ethereum clone and all they did to reduce fees was increase the gas limit. That means that more transactions can be processed for lower fees but it requires more powerful hardware and thus more centralization. Ethereum could do this in 10 minutes if they thought that was beneficial to the network but they haven't because doing so would break a lot of the decentralization and security of the network. + +Ethereum is so widely used and trusted **because** it is so decentralized and secure. + +Ethereum has the most developers and researchers working on it than any other blockchain project by a very long way which means it is literally the bleeding edge of crypto tech. The Eth killers have a long way to go to knock it off as king of DeFi. + +That's not to say that ADA and DOT aren't very promising projects but putting BSC/BNB in with them is almost laughable. It's just a clone! It will always be behind. + +Check out Ben Cowen's recent [fundamentals video](https://www.youtube.com/watch?v=NguprqQyUDo) to understand a bit more. +When you continue to buy, HOLD, and DRS shares, that leaves SHF’s less shares to work with as well as less opportunities to close their positions. And as we all know, over 90% of Wall Street is simply computer algorithms trading according to the wills of their masters. + +With GameStop obviously being a prime target for SHF’s, their algorithms are at work to do everything in their power to drive the price of GME down in hopes that longs sell and they can close their short positions with minimal losses. + +But have longs began to crumble and sell? + +Last I checked GameStop’s executives are still on board, the majority of big longs like BlackRock and Vanguard haven’t changed their positions, people keep DRSing their shares every day, and volume indicates that barely anyone in retail is selling; only buying. + +With the confidence and direction of the company and its executives, shareholder loyalty, the incredible DD done on this stock, as well as the awful attempts on the media’s part to try and convince everyone that GameStop is done, I have absolute assurance that the downward price movements we are seeing thus far is nothing but algorithms at work against longs; not genuine price movements. + +The price is wrong. + +EDIT: [Here’s that story in question.](https://www.reddit.com/r/Superstonk/comments/rsaevv/in_march_of_2005_this_guy_bought_100_of_shares/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) +I have recently lost my wife, and she had quite a few credit cards. She had all these cards before we got married, and I was never added as a joint account holder. Am I liable for her outstanding debt? What do I need to do? I've gotten advice ranging from "Ignore it" to "Hire a financial advisor/lawyer before even contacting the creditors." She passed very recently so I don't have any creditors hounding me yet. Any advice is appreciated. +I'm a long term bull on Ethereum and crypto in general but the way Ethereum was rising before was awesome butat the same time it was scary. It's obviously not sustainable to go up that much that fast and was really worries about a bubble as many others were. This sideways movement is consolidating the market and giving me more confidence that we are locating price and there is stability to this. Just wanted to express that sideways movement is good since some people seem to want parabolic growth everyday. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I have noticed an uptick in spammy content and lots of beginner posts that seem redundant. Is there any way we can crowd source a set of rules to help guide discussion? +Hi guys! + +I just wanted to share that I followed the advice from u/ihlaking ([Post](https://www.reddit.com/r/AusFinance/comments/jttmgl/successfully_negotiated_a_50_rental_decrease/?utm_source=share&utm_medium=web2x&context=3) link) and prepared an email asking for a rent reduction of $430 to $390, the final deal was a reduction to $395 so I am very happy with it! + +I would like to encourage more people to follow this advice and see what you can negotiate. Similarly to OP, I researched properties around my unit and compared them to my current unit, my offer went through uncontested. + +Good luck! +I'm curious how it is that you convinced someone to take a chance on *YOU*, the person who had little to no credibility in real estate investing? How did you meet them? How did you offer your services? What services did you offer? Where are you now in regards to your education and investing? +I'm totally aware that this will be probably the most downvoted post in the history of this sub. But I don't care. + +Algo is the most shilled coin on reddit. I am the unlucky one and took the bait and bought Algo because of the shill. I did the research and on paper everything looked great. Fast, secure, reliable. I have read a lot of articles, read whitepaper and bought Algo. But now after half a year of holding I have to say that it's really bad. And I'll tell you why. Keep in mind that I'm talking about the WHOLE ALGO ECOSYSTEM and not blockchain itself. + +1. Dapps - like currently there are 5 or 6 daapps? This is a joke. Younger chains have hundreds of them but in algo ecosystem there are 5 or 6 dapps and they are working really bad (more about this in the next points. The chain being young is not an excuse because other chains have much more cool and usefull daaps. Algo dapps are using AVM (Algorand wirtual machine) so the adoption will be always slower and slower. +2. Dapps working like shit. Many of those daaps rely on a single source of truth that is Algoexplorer API. It has constant problems and because of that platforms like yieldly works like shit. November and December was horrible. There wasn't a single day without any issues. +3. Official wallet... Sometimes is not working. Or not working correctly. It's too dependant on Algoexporer api and AWS. +4. ALGO is CENTRALIZED +5. No rewards for running own node +6. Yesterday the only Algorand DEX tinyman was compromised and hacked and all liquidity pools are gone. +7. Horrible marketing. +8. No clear roadmap for 2022. +9. Unfulfilled promises (example? about increasing TPS) +10. A lot small ones like poor website (doesn't look professional) and poor communication with Algorand Foundation +11. The Algorand community on reddit is so toxic and blind. If the Algo price is increasing they are posting charts and yelling how awesome Algo is and the pump is incoming. When it's down they claim that it's just because of bitcoin? You get it? Algo UP - it's because algo is awesome? Algo down - because of bitcoin. They hate every other chain because only ALGORAND is the best. +12. Poor price action comparing to other scalable solutions. + +Ok some of you may disagree with some points but most of them are straigth facts. Please research about the recent Hack and algoexplorer problems. + +Edit: Thanks for all rewards! +[https://www.cnbc.com/2020/07/23/palihapitiya-teslas-push-toward-energy-could-make-it-worth-trillions.html](https://www.cnbc.com/2020/07/23/palihapitiya-teslas-push-toward-energy-could-make-it-worth-trillions.html) + +"Social Capital CEO[ Chamath Palihapitiya](https://www.cnbc.com/2017/06/15/delivering-alpha-chamath-palihapitiya.html) told CNBC on Thursday that [Tesla](https://www.cnbc.com/quotes/?symbol=TSLA)’s growth is no longer about its electric cars, but its renewable energy components. That could make Elon Musk’s company worth trillions, he added.  + +“It is the leading hedge when it comes to electrification and decarbonization. This is no longer about cars, that’s the first wave of growth. I think people are pricing in the evisceration of traditional autos and an enormous shift to \[electric vehicles\], of which Tesla will get the disproportionate share,” Palihapitiya said in a '[Squawk Box](https://www.cnbc.com/squawk-box-us/)' interview. 'This is worth trillions of dollars.'" +We had someone from our bank recommend themselves as a financial advisor and during my probing questions I found out that he only works with millionaires. LOL! Like hello! You’ve seen my account and know my income! Since when did he think I am in his league?! Maybe he was hoping I have money hidden somewhere… + +But I’ve heard people talk about financial advisors lately and it made me wonder.. are all those people millionaires or are there financial advisors for various tiers of income? + +What’s the minimum one can make where it would make sense to work with a financial advisor? +This is the thread, this post if referring to. http://www.reddit.com/r/investing/comments/1qk2pv/snapchat_turns_down_3_billion_offer_from_facebook/ + + + + +Hi everyone, +I’m 24 and my family moved to the the US in 2006. They didn’t know any English or anything about rates/ mortgages. My dads employers at the time offered to lend money to buy a house since my parents didn’t have a credit score or anything when they came here. I guess it is a private mortgage since the employer is the mortgagee. They borrowed 200k with interest rate of 5% per year from October 2006 until October 2011. + +Here is where it gets tricky- my parents borrowed 100k from their friends since their business was doing well to pay off 100k from their mortgage balance of 200k. A year later, the friends asked for the money back so they had to ask for more money from the mortgager. + +In 2009, my parents did the purchase money note and mortgage again for $117k with interest rate of 5% per year from July 2009 until October 2011. The new modified agreement in 2017 states the new Maturity date is 10/31/2021 with the same interest rate because of the extended mortgage. + +The principal balance is now $227k that my parents owe the employer. How should we proceed forward since the maturity date is next year? Do we borrow money from the bank to pay this off and see if the bank will provide us a lower rate?? + +The employer definitely took advantage of the limited knowledge that my parents had and the fact that they couldn’t speak/ understand English when we first arrived. I don’t even know where to begin and feel hopeless and useless. My parents don’t have a lot of money (maybe a Couple thousand in their bank) since they are low wage earners. I could help out but I only have $10k in savings account and 10k in my Roth/brokerage account. If anyone has any suggestions, please feel free to leave a comment!! +I know that wealth is not a finite pie and that it can grow as we have more resources to get that out the way first. + +I often hear people say that Bezos could sell all of his Amazon stock and end world hunger. (I don't want to hear anything about liquidity, we're just assuming he has successfully sold all of it). + +Now the part that confuses me is that all Bezos is "hoarding" is ownership of companies, mainly Amazon. If he was a billionaire because he was hoarding billions of dollars worth of food, I would easily understand how his wealth was causing world hunger. But him selling all his stock wouldn't cause there to be any extra food in the world. + +So my three questions are, if he put all of his money towards ending world hunger could the sheer amount of it hire enough farmers to grow food for everyone and transport it where it needs to go? + +Would the average person be better off if he sold his shares and gave it away? + +Finally, he cant just sell his shares and make money appear out of thin air. Other people would have to give him the tens/hundreds of billions of dollars in exchange for his shares. So theoretically we could cut out Bezos and those people could just end world hunger? +I've been led to believe that Economies generally transform. As cost of human capital increases along with GDP, countries tend to "grow out" of manufacturing and into innovation, technology, etc. If there any economic theories for and/or against Trump's aggressive effort to bring back manufacturing jobs by slapping tariffs on foreign goods (washing machines, solar panels etc), I would really appreciate it if you could share them in the comment section below. +I'm hoping to start discussion on how to plan for eldercare / end of life care when in fatfire territory. + +I remember talking to a former exec of a large nursing home company. They basically told me that anyone who ends up in one of their assisted living / nursing homes is entering into an institution. "I'm sorry", they said, "we try to sugar coat it, but at the end of the day you're being institutionalized. And nobody wants to be institutionalized -- people with money end up just staying home. I know I am." + +Wondering if people agree with that? If you have money and resources, what is the best way to plan out care when it becomes needed -- and how are people factoring this into their retirement plans? +Saw the movie The Big Short yesterday. I enjoyed it. Are there any similar movies dealing with investing? Of course, I already saw The Wolf of Wallstreet. I'm talking less known movies. + +Cheers + +EDIT: Thank you all for so many excellent recommendations. I honestly did not expect to get 200+ comments ;) +Apologies in advance if this is an inappropriate question to ask here, I wasn’t quite sure if my income qualifies me to be considered “fat” or at least in-progress “fat”. + +Backstory is that due to a series of lucky decisions and hobbyist interests in my teens I was able to become decent at what I do (software engineering) and after working at some hot startups in Europe I’ve now gone over to doing independent contracting, earning roughly 230k a year which is fairly comfortable for European standards. Currently camped out with my parents in a LCOL area due to COVID and have virtually zero expenses. + +Now my question is that I’m puzzled as to how the career progression looks like from here and was wondering if anyone has any ideas on what to do next. While I’ve worked in tech for about 4-5 years now (started in and after high school, self-taught etc.) and am able to succeed in “senior” positions with ease, I feel I’ve reached the roof when it comes to SW engineer compensation in Europe. As some of you engineers in here may know, software pays abysmally in the EU and my income is the exception and not the rule. + +My current strategy is to relocate to a cheap low-tax Eastern European country (Estonia, Latvia etc.) and save as much as I can (I work 100% remotely), but it feels like this is something that one does when one doesn’t have any better idea of what to do. + +If you were in my shoes and wanted to elevate your income and net worth, what would you do? Start a company/product startup, relocate to the US, change career? + +Once again apologies if this is the wrong subreddit to ask this question but most of my social circles are people in completely different situations, so don’t really have anyone to ask IRL about fatfire-tier career advice for young people. + +Thanks in advance! +I am in the process of selling my flat. I never knew the following was possible, and only stumbled upon it by chance, so I thought I'd share. + +I had my flat valued by an estate agent. Then another estate agent, purely for a second opinion. I then had to pick which to go for. At this point they were both offering their services with a payment of 1% of the finals sales price - each with 8-14 week contracts to stay on the market with them. + +So I chose one, and called the other just as courtesy to tell them I won't be using them. These ones then offered me a contract-free market sale. Great! I'll go with them instead then. + +So I went back to the other as a courtesy to explain why I'm now using the others. But they then offered the same, except with a reduction in cost... 0.8% of the final market price. Even better! + +So I went back to the first to tell them this... THEY then offered an even further reduction to 0.7% and without a contract. + +Finally I went back to other. They did attempt to make a deal involving a fixed payment, but it was less appealing and also through these discussions I'd decided I preferred the other anyway. + +I never knew it was possible to work estate agents against each other like this. I could potentially make hundred's of pounds saving because of it, so thought I'd share. +[https://www.rba.gov.au/media-releases/2019/mr-19-15.html](https://www.rba.gov.au/media-releases/2019/mr-19-15.html?utm_source=twitter&utm_medium=social&utm_content=media-release&utm_campaign=monetary-policy-decision-2019-jun) +I've been lurking on the forum for a while and got some good funny moments regarding some of the misconceptions that retail traders hold about this business. Particularly the post that u/19ForexPlayer got us recently, answers were quite amusing. So I decided to write a small introduction about how institutions handle the market and how easy it is to replicate that view (to a certain extent, as a retail trader). + +I've been exposed to this while working on one of the 4 biggest financial institutions on Europe. For how long and doing what is not important. Just note that this is how the market is viewed by them and it is how they operate within it. Not for hedging and market making (although the models are obviously used to help those processes), but for speculating. You can take whatever you want from this vision , or decide to ignore it. Whatever works for you. It is how it is, your feelings or retail approximations do not alter how the world works. It is your choice what to do with this knowledge. I hope you get something valuable from it. + +**What is a currency?** + +A currency is nothing more that legal tender, a form of credit which you get and for what you hope to exchange for other valuable or assets, or that you exchange for the real money, gold. A currency is backed by a government and their CB, and those are the greatest influencers on the currency supply and on the willingness of the world to trade with that country. + +Because as stated earlier, a currency is used as a form of credit to get other assets, being financial or not. So the demand on a currency is nothing else that the demand that the world might have on the economy of a certain country. If an economy performs well, then his currency will be on demand, because you will need their currency to do business, which will mean that it will appreciate. + +This is critical. When we speculate, we are comparing two economies and deciding to buy the currency that will apreciate against the currency that will depreciate. Meaning that we will be moving value from one country to another. To speculate, we go long on a currency and short to another. We buy one, to sell the other in the hope that in the future, assets backed by our investing process will appreciate to our benefit. + +So it comes to us a natural perception that is, we need a model to evaluate the status of a certain economy , and how it relates to other economies. So that with that knowledge we make good decisions backed by sound facts. Decisions that are being taking place under conditions that very well could change in the future. + +Global Macro is the methodology , the model , we use to evaluate economies and hence demands on currencies. Our jobs as traders is to anticipate where the money will flow and where it will come from, no matter what kind of asset you are interested to trade. + +**How is the price of a pair decided?** + +Thats a question that bugs most of us, and that we ponder deeply. And it has a simple answer. The price is nothing more that how much I'm willing to spent to get your currency in the current conditions. Or how much I'm willing to be paid if someone wants it. If no one wants this pair at this price, it will simple move lower because there is no agreement between sellers and buyers at this point. If everyone at this point wants to get that currency, there is an overal agreement that the price is undervalued and price will simply rise to coup with the demand, as the supply will be lower. + +Movements on the price merely reflect expectations getting fullfiled. Prices consolidating just reflect that there is consensus on the fair value on the current price . When the expectations are not matched with the reality, prices will move again to match on a place where again there is a consensus. + +These gaps are to be filled. I repit this because is critical, **GAPS ARE TO AND WILL GET FILLED.** + +&#x200B; + +**How institutions operate? Putting the model together** + +Institutions spend the whole day evaluating where these gaps are, and they exploit them. They create models based on the macroeconomic data and future's perspectives to determine which is the fair price value , at short (days and weeks) , medium (half a year and 2 years) and longer term (3 to more years). When the actual price deviates away too much from an institution fair value price (similar to a bollinger band), they will aggresively enter into the market pouring millions as the model showed in the past that when the price deviates away it tends to go back (and beyond) to the fair value price. They operate most of the times under a return to an average model, in this case being the average what they consider a fair value price. They just do not react to a price, they actually move the price when they consider its extended way too much from the fair value price. They move to fill the gap. + +This fair value is, again, determined using macro models. Price on a big scale do not react to a certain "new" or macro indicator. But when several of them point in one direction, the fair value model that the institution uses will signal it and then hell will break loose. One after another, institutions will react to this and will help to move further the price (each using their own models, ofc). Reactions can be short-lived or prologed in months or even years. + +&#x200B; + +**Common retail myths to debunk.** + +***A retail trader cannot know why or when institutions/CB will move the market. Fundamentals are all theory but pointless -*** Ignorance speaking. Institutional perspective is based on macroeconomic views. Data used by them to generate their models and algorithms is public and available to all of us. Nothing stops you from generating a macro model , using whichever macro indicators you want. Nothing stops you to put all this data on an excel and analyze the economic facts. Nothing stops you to trade using the bias that the model will give you. Nothing stops you to go even further, and contract some freelancers with IT knowledge to generate algorithms that anticipate fair values and thus the moving of prices. + +Upon you have two choices to develop your career. You can keep looking for ways to react to price, ignoring what institutions are doing on the backgroud and the reasons why they are doing it. Which is perfectly right , if you choose it. There is not just a way to profit on this market. Whatever works for you. + +Or you can choose the way of the institutions, and develop models that make you "see" what is going to happen. When you enter in the market, following the institutions, you will know that your analysis is backed by them and that there is little to fear if your timing is good. It is not an easy way, but it is truly rewarding. Its a career choice that will take time and effort. Not a quicky path to get rich. + +***Fundamental analysis are just trading "news" -*** Nope, a fundamental view under a macro perspective wont solely change just because a CPI or NFP is released. It will have an effect, and in coordination with other factors it might point that something is changing . Just because an unemployment report came better than expected, it wont mean that will reverse the momentum of other 15 indicators that are bearish on the moment. It might trigger a spike that will also help to get some retails stops, but not much more. + +***Price action over fundamental views -*** Just nope. Neither the other way. A perfect price action move (even on intraday) will be on the wrong side at some point if it is not aligned with the fundamental view. A fundamental view entered with poor price action timing will most likely get you out if you dont have enough pockets to resist a margin call. You dont want to trade blind, but neither to miss the correct timing. + +And thats all folks. Hope you get something out of this. Dont hesitate to comment if you feel you have been missing something all this time. If the post gets enough interest, I might consider to open a series about creating your own macro model. Cheers, good luck and good trade. +In one of the recent posts about why investing in banks is a good idea, a lot of people mentioned *dividends*. + +But if the share price was to go further down, you're losing money at the same time isn't it? The more money you have invested, the more you're going to lose so i'm not sure if i understood the concept of mere dividends and not the prospects of the company +Hi all, +I've no experience in the stock market, but did watch the whole GME saga / DFV etc with great interest when it was going on. + +Since then, what's happened? Is it like a long play where the shares will be valuable eventually? Or has that happened already? If not, what's the delay? + +Honest questions, just trying to understand the situation. +As the title states, my employer recently switched to a bi-weekly pay schedule (pay every two weeks, 26 paychecks a year) after originally having a bi-monthly pay schedule (pay twice a month, 24 paychecks a year). Today was the first paycheck on the new bi-weekly schedule, and the pay was actually *more* than what I would typically receive on the bi-monthly schedule. Why would this occur? + + +If you need the numbers, I make $51,000 annually, and each bi-monthly paycheck was $2,125.00, which makes sense as 51k / 24 paychecks = $2,125 per paycheck. However, on this paycheck (bi-weekly) I received $2,157.69. Math says I should have only been paid 51k / 26 paychecks = $1,961.54. + + +Where did this additional $196.15 in pay come from?? + + +Edit: thank you everyone, I am now very well aware that Semi-monthly is the preferred nomenclature to avoid confusion, even if bimonthly is still correct according to the dictionary. + https://www.merriam-webster.com/dictionary/bimonthly#usage-1 +Wrote to my bank (and to BaFin) asking them to investigate the wrong booking in & out of my dividend. + +The answer I received says the bank was told by their authorities on the 22nd to do a split, then told on the 29th to do a split dividend, then was told on the 1st to revert back to a split. + +It think this is indicative of a problem in the system. +> I think we actually have high inflation, but due to these side effects it is showing up in stock prices instead of consumer prices. I believe this, not V-shaped recovery expectations, is the main reason stocks are up. + + [https://www.mauldineconomics.com/frontlinethoughts/valuation-inflation](https://www.mauldineconomics.com/frontlinethoughts/valuation-inflation) +*This post is for education purposes only. Not financial advice.* + +&#x200B; + +**TL;DR: RC’s tweets happen on days where large amounts of ETF FTDs are covered/delayed.** + +&#x200B; + +Hi everyone, + +&#x200B; + +I’ve been diving into ETF FTDs for a while now and something finally clicked. ***Almost every RC tweet happens on the same day a large amount of ETF FTDs are “cleared”.*** ETF FTDs are allowed to stack up for 3 days before needing to be handled. So when a specific ETF stacks up a decent chunk of FTD, puts are opened to delay 34 days, then RC tweets. + +To show what I mean, I weighted the ETF FTDs by GME’s weight within the ETF. GME is in a lot of ETFs, but these are the ETFs with significant enough FTDs: IWM, XRT, XSVM, FTXD, BUZZ, XSMO, IWC, FNDX, IJR, SPSM, SFYF, PSCD, SLYV, VXF, IJT, GINN, and VB. + +Below is a heatmap of those ETFs. Each ETF is a different row, each trading day is a different column. The green color shows where a lot of FTDs are. The darker the green, the more ETFs. The blue marks a day where RC tweeted. If you look at a blue column and track it down, there is an ETF or two that had just cleared their stacked FTDs from the day earlier. + +&#x200B; + +[Tweets come the day FTDs are cleared - EDIT: outside of the fist emoji \(DFV\), flag \(35 days before memorial day which had GME FTDS\), job posting \(35 days before June 2 runup\), and one of the south park GIFs](https://preview.redd.it/q7fwa3kn1f971.png?width=1714&format=png&auto=webp&s=a82cf29f39b7996f3de3e34460ba6f615120d3e7) + +I have an old post from May that claims the Ted tweets are referencing Rule 204: Close-out requirements, the rule the that specifies the thirty-five day cover period. + +[RC Tweet Analysis: Part 1 \[The Ted Tweets\]](https://www.reddit.com/r/Superstonk/comments/niui83/rc_tweet_analysis_part_1_the_ted_tweets/) + +So using [my T+35 theory](https://www.reddit.com/r/Superstonk/comments/o155a6/t35_is_the_one_true_cycle_evidence_to_back_my/), I marked every trading day that came 35 calendar days after a tweet on the 4H chart. You'll see that most tweets end up corresponding to a jump in GME's price. Gray lines are tweets, green lines are 35 days after a tweet. + +&#x200B; + +[GME 4H chart with new tweets marked in gray and T+35 of tweets marked in green.](https://preview.redd.it/ngufchm54f971.png?width=1307&format=png&auto=webp&s=57ee666bc94c2f54ab09d22e72726e46178964bb) + +&#x200B; + +Not every tweet corresponds to a jump, but a lot do. The last few tweet's T+35 jump during after hours/premarket after the 35th day because technically they can be covered before 9:30 AM EST on the following day. Notice how a new tweet ends up being very close to the T+35 of an old tweet? To me this visually shows the process of kicking the can down the road. GME is getting suppressed pretty hard so let's mark 35 days after a tweet on SPY. You'll notice green days more consistently on SPY. + +&#x200B; + +[SPY 4H chart with T+35 of tweets marked in green.](https://preview.redd.it/ycd7osw34f971.png?width=1305&format=png&auto=webp&s=fa0047eb004c9c3ed00aed02493a7c785433135a) + +&#x200B; + +Why is that? Because if a lot of ETF FTDs are being covered on these days, then a lot of underlying stock are being bought to return the ETFs. If a lot of underlying stock rises in value, SPY should rise in value too. GME is being shorted on these days, so it doesn't move much. But they can't short the entire market. I believe the sheer number of ETF FTDs needing to be covered every week is leading to the market inflation that has been seen for the past few months. + +&#x200B; + +**What does this mean for the future?** + +I’ve highlighted days where I expect upward GME movement. But since GME is being held down so much lately, I would expect more upward movement from SPY. + +[Red boxes on dates of T+35 from ETF FTDs.](https://preview.redd.it/2u5qd8n53f971.png?width=1390&format=png&auto=webp&s=592a6eb2bd74c64efbae25ad3a5100789307701b) + +&#x200B; + +&#x200B; + +That's all I got for today. I'm planning on dropping the ETF FTD DD tomorrow morning. It will go more in depth about the details surrounding this. + +&#x200B; + +pce\~\~ + +\- u/dentisttft + +&#x200B; + +PS. I made a twitter: [https://twitter.com/dentisttft](https://twitter.com/dentisttft) +I am a retired FatFire + +I recently found a holistic laboratory / testing service that was recommended by a friend - blood, stool, saliva, etc - with goal of building a detailed genetic and lab profile + +Good news is 95% in the clear! But a potentially serious item stood out - "very high" lab result for Lipoprotein(a) likely caused by a genetic marker (which they are testing for). + +That said the lab comes with counselors, staff doctors, but I don't get the feeling that they have deep expertise on a per issue basis. + +Would welcome other FatFires - anybody recommend things like concierge health, or a teledoc service to get me the best quality docs w/specialties around these things? + +Also welcome ideas of where to cross post this on reddit to search for referrals :) +I am very fortunate to have a father who has a solid mind for economics. He's saved all he could since he started working over 40 years ago. When I was 16, he hauled my angsty teenage ass into Edward Jones, so I could start investing the extra pocket change I had lying around. He kept his own Roth and individual accounts there, although his 401k was thankfully held at Prudential. + +I tossed the man with the wall of degrees and pictures of himself on Wall Street 500 bucks and started my partnership. I didn't have the slightest idea what an expense ratio or front-loaded sales charge were. Over the next 8 years, I'd blindly send my broker between 200 and 500 dollars a month, confident that he was looking out for me and casting some crazy investment magic to make my money grow. I was happy just having that money to fall back on, and I even pulled some out a few times to pay off my car and close on my house. But I never actually checked on what the mutual funds I owned actually WERE. And not once was I invited to learn by this broker. Thankfully, I started doing my own research and learning about making investments on my own. Finally, after almost 9 years of holding these funds, I looked up what their expense ratios were, and I was blown away. + +The 6 funds my money had been given to had expense ratios between .57% and !!!2.3%!!! Not only that, but Edward Jones charged a front-end load of 5.75% on every single deposit. I can't even begin to imagine how much money I lost during those years. And it wasn't like my investments were doing gangbusters either. Between 2010 and 2019 they ranged from 12% to -2%. All that money I could have been making went straight to their own bank account. + +When I went to my broker to confront him, I asked him what he thought about low-fee, passively managed index funds. His response was to pull up a side-by side comparison of VTSAX and the best-performing mutual fund he'd picked out for me and say that VTSAX was overdiversified, and even though it was outperforming and cheaper than his own, it wasn't worth getting because it was riskier. I was gone and over to Etrade within the month. + +I didn't tell this story to be self-congradulatory or get pats on the back. I wanted to show that education is key. Even if you have a drive to save and invest, some people see this as you simply having money to spend. And good salesmen who make you believe your money is better in their hands can still snatch a huge piece of your pie. + +Edit: Thank you all for the comments and discussions that have been had. I've seen a couple of people defending brokerage fees because brokerages are there for the common man who "doesn't have time" or "doesn't want to learn" the financial system. I want to do a little math to try and convince people who may be swayed by these arguments. + +Let's say that I'm putting $5,500 a year into a Roth IRA that earns 7% a year for 35 years (I'm conservative) with no fees. At the end of that time I will have $895,608.12. But, what happens if we do the same investments with the fees that Edward Jones was pushing on me? Well, for starters the 5.75% front load turns the $5,500 into $5,184. And that 7% return will turn into a 4.7% from the 2.3% expense ratio. And now, at the end of the 35 years, I'd be left with $488,010. This is absolutely unacceptable. + +On my own: 895k. + +With Edward Jones: 488k + +Profit I made for the company: 407 THOUSAND DOLLARS. + +That's a huge chunk of change to pay because you don't want to learn. Education is key. +Hey everyone. I am having an issue with Hertz and I am kind of at my wits end about it. + +Back in the beginning of March I rented a car so that I could visit family in Alabama. Then the Corona lockdowns came. I ended up returning my rental on April 3rd. Because of the lockdowns, there was no one at the store. So I had to drop off the keys. I called the number and they said we were all set. + +At the beginning of May I started to receive automated calls saying that my rental was overdue etc. For the past 3 weeks they are removing $60 a day from my account. I have spent countless hours on the phone with Hertz trying to get this issue solved. Each time I am told that it is solved, then 3 days later the phone calls come back and I never receive an email with my receipt on it. + +I dont know what to do. I have called so many numbers and went thru automated message after automated message. This is the last of my money here. Im not working at the moment. and honestly I am staying with friends and family until I can get back on my feet. But it is near impossible with $60 being removed from my account daily. + +&#x200B; + +&#x200B; + +\*\*Edit. Yes everyone the math is correct. I have been kind of locked down in a very... rural part of america lately. And have been very busy with other things before I noticed how bad it was. Thankfully my bank had already taken all of those transactions and "quarantined" them about 3 weeks ago when I first started calling. It still shows as a 'pending' on my stupid phone app statement. So thats been cleared at least. And from what I have gathered from everyones information and a bit of my own sleuthing, is that the locations in the area are all closed 'until further notice'. so perhaps the system is running me thru some automatic response system. But for now, no money has been removed, but it has been quarantined until the paperwork goes through. I have to call my bank next week and set up some other things to get it taken care of. + +&#x200B; + +Again, thanks for all the responses and kind words! + +&#x200B; +*6/23 update: I counted my checks from years prior and there's always 24 so I think I actually haven't had wages stolen... He definitely is screwing me with several hundred dollars in taxes by not running this check through payroll and I don't understand why the dates are allowed to be so off with the payroll company. I still haven't deposited the check as I'm not sure what to do next. + +I quit the job I've had for a decade recently and my boss immediately took me off of payroll. He decided that my last check would be written by hand, and I would be paid as an independent contractor. (This was a sneaky way for him to get out of my IRA match.) When I received the check, I compared it with my last check and calculated over $700 missing. + +The last check I received was for the pay period that ended on 5/23 (according to my pay stub). The amount of this check is the correct amount for 5/23-6/6, however I also worked 6/8-6/10. When I asked my boss about it, he claimed that since I was a part time salaried employee, the pay period on our pay stubs is not correct. Instead he says that I get 2 checks per month and that he actually paid me through 6/15. + +At this point I'm incredibly confused and not sure what to do. Is it normal for salary employees to have different pay periods? + +Edit 1: wow my head is spinning from the comments. thanks to everyone for being supportive. i'm trying my best to read everyone's comments. here are some clarifications: + +-i work from home and all of my work was done on slack, google drive, and email, all of which I am locked out of. i do have files saved on my computer that show what day they were made. i don't clock in or out (thus salary). i also have a screenshot of my slack message to him letting him know when my last day would be. + +-when i got the check, i emailed him with an explanation and he emailed back. all of that communication is on my personal email. + +-apparently the pay period is wrong even for hourly employees. i reached out to someone and they said that every pay period they have to go to another manager and find out which days they were paid for. idk how a payroll company can operate like that. + +-there is no HR. lol my boss is HR + +-the best explanation that i can come up with is that he took my yearly salary and divided by 24, thus sending 2 checks per month. if this is what he has done, it's legal, right? if this is the case, i *really* don't want to file a wage claim and be told that i'm wrong. + +-thanks to everyone for pointing out how paying me as an independent contractor is illegal and also screws me over. this seems like a more solid issue right now than the pay since i'm still not totally sure i was shorted. + +i think that covers everything for now but i'll probably try to get in touch with an employment lawyer again tomorrow (i am definitely worried about legal fees). also an important note is that my boss has a lot of money and lawyers in his family and friend group so i am quite sure he'll go all in... + +thanks again to everyone who has taken the time to comment. + +Edit 2: I live in Iowa and i haven't cashed this check yet... +Say I’m 24, I’m about to finish grad school with zero debt, and will be making ~120k/year. I have about 19k in a Roth IRA and another 15k in personal savings (both invested in stocks). I would like to start saving for a house, but I know retirement is important too. Advice? Things you wish you’d known right out of school? +Listen up you fucking retards. We all know we’re buying and holding GME no matter what fucking happens so we can stick it to the hedge funds. But in the midst of this all, I’m worried about my fellow retards. When the squeeze squozes and you eventually sell (somewhere between $10,000 and $1,000,000 share price) you’re going to have to pay taxes! Don’t be one of those morons that makes 100k, spends it all and then has no money to pay 35k in taxes. + +We’re gonna FUCK the hedge funds, but make sure you’re not fucking yourselves in the process. + +GME TO THE MOON 🚀🚀🚀 +Hi UKPF + +I was wondering if anyone had any tips or advice that could help me. + +I have a really unhealthy relationship with money. I am obsessed with saving and investing to the point i feel so guilty even spending on little things like lunch or netflix. + +For context im 22 earning 25k in my full time role and 9k in my side hustle. I live in blackpool so expenses are generally quite low and i tend to put around 600 into savings each month from my full time role (my side hustle i reinvest all profits atm) but i still worry and get stressed over saving. + +I admit this is a very privileged position to be in but im just looking for some advice and if others have struggled with this. + + +Edit - thankyou everyone for the help and advice, will try to implement it into my savings strategies. + +Edit 2 - main takeaway for anyway who feels the same as me is life is short, be reasonable in your savings strategies but also be sure to do the things you love and make memories before it's too late +Hey Superstonk! + +[DRS / Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/?utm_source=share&utm_medium=web2x&context=3) + +With the recent influx of NFT giveaway posts, we figured it was time to do a quick temperature check to gauge how everyone was feeling about having them featured on the sub. + +We know some of you love them, but we also know some of you feel that they don't belong here and prefer to keep the sub focused on stock related content. So, let's open up the conversation to discuss their place on Superstonk. + +Here are some potential solutions. Please discuss your thoughts on these or share your own! + +1. Keep everything the same and continue to feature NFT giveaways +2. Only allow NFT giveaways during off market hours (including premarket and after hours) **edit to be clear:** this also includes weekends & anytime the market is closed +3. Only allow NFT giveaways on the weekends +4. Keeping NFT giveaways to a mega thread and no longer allowing individual posts +5. Keep NFT giveaways off Superstonk entirely and move them to a different sub specifically for NFTs, marketplace, and non stock related GameStop content + +We'll keep this pinned until market open tomorrow. If it's determined that change is needed, we'll go ahead and introduce a poll at a later date so the community can vote on their preferred option. +Ill say it again im 20yr, got 3k to spare and I wanna know your opinions on what stocks I should dump into, I'm thinking about doing JEPI and or PG. + + +Alot of people say growth, but id like to hear other opinions. + + +&#x200B; + +https://preview.redd.it/o2oy5dacb5291.png?width=781&format=png&auto=webp&s=90355086e9d98b1e9d8ab86e3b3e801dfa921232 +About to head home form work and I really don't want to go home. I don't want my wife and kids to ask me if something's wrong because my wife always knows just by looking at my face. I don't want to have to tell her. + +I started this as a hobby of sorts. Just to make some extra cash and maybe have a little fun. I've done okay these past 2 months and bragged the other day about how I was becoming somewhat of a "stock broker", like the ones on Wall Street. There was a glint of awe and admiration in her eyes, a shine I hadn't seen in years. + +Today I lost everything and I don't want to go home. Part of me wonders if they're better off without me. + +So I'm here asking for advice as someone who only a couple months ago stumbled on to your world. How do you deal with the loss and disappointment? How do you face your loved ones when they ask how things are going? In my case, my loss directly affects them because its $28 I could have used for groceries or something to benefit them. + +How do you guys dealing with losing absolutely everything you put in? How do you rebuild? How? +I want to introduce a pretty insane 1,000x opportunity. + +The goal of this coin is to alleviate poverty… through an OFFICIAL partnership with the top global charity GiveDirectly which has given $300+ million to families living in poverty around the world! ❤️ + +It won’t stop there… the team has plans to build a global remittances platform to bring 1 billion people onto DeFi 🌍 + +Pre-launch and already people are piling in… get your bag before the price goes up! + +We just KILLED TWO ZEROS and many more to come!! + +Goodship is a fork of Safemoon that improves upon the original contract in several ways. + +The Goodship contract employs a static rewards system with the following attributes: + +• On every transaction, there is a 10% tax automatically taken by the contract. + +• One half (5%) of the transaction tax is automatically distributed to all holders of the Goodship token. + +• The other half (5%) of the transaction tax is automatically added to the locked liquidity pool inside the PancakeSwap decentralized exchange (DX) to power future trades. + +Don’t miss this ship… + +Telegram: https://t.me/goodshiptoken + +Website: 🚀 https://goodshiptoken.com/ +I know $5 isn’t a big deal, but when you’re broke + know your copay is less than that, it’s a bit frustrating. + +My copay for specialists is $60. I’ve been seeing this specialist once a month for over a year now- I switched insurance plans about 5 months ago and have paid my $60 copay once a month ever since then. + +Suddenly, last month the office said my copay is $65. I asked why- they said “that’s just what’s showing up on the screen. I don’t control the copays”. I paid it, assumed that maybe my copay increased slightly (despite zero warnings or notices), and went on my way. + +Then I checked my insurance app- nope, my copay is still $60. I called the insurance company- yup, my copay is still $60. + +I’m confused. Any idea what’s going on here? The office won’t explain why it increased out of nowhere (“I can’t control it, this just shows up on my screen”- they’re a tiny office with two receptionists and one doctor), but I know for a fact that it shouldn’t be $65. + +Thanks! + +**EDIT TO ADD**: GUYS. Holy crap. I posted this expecting two answers, went to work, and now I’m at that same doctor’s appointment and opened it to see that this post absolutely BLEW up. Thank you so much for all of your responses. + +So- today? $60 copay. I asked why it was $65 last time- she shrugged, said she doesn’t know, but it’s “fixed” now and rushed me out (we have to wait outside for our appointments due to COVID). I’m glad that it’s fixed, but still confused as to why it was up by $5 last month. Since it only happened once, I’m going to drop it and safely assume it was for PPE like you guys mentioned, even though they probably should have explained that to me themselves. I hadn’t even thought of that as being an option. + +Thanks again for all of your replies. I’m heading back to work after this and can’t get to everyone, but I hope this thread helps someone else who has the same issue in the future. 🤞🏻 +I make just over 30k after tax and I live at home with no debt or major monthly payments on my car. A had my own apartment but left after a year because I couldn’t save anything for school. Since coming home a few months ago, rentals in my area are already rising in prices again after already being unreasonable. I work a full time physical job over minimum wage, I should not have to live with my parent to survive. + +I get a special type of mad remembering my mothers two bedroom apartment is 750, because she’s held it for over 10 years… but the SAME unit, in this DIRTY, OLD building goes for 1950/month because they… wait for it… changed the counter tops. (AND started not accepting pets) +For the second time in two years I've had my debit card intercepted in the mail and someone has attempted to take over and transfer money from my accounts. What my bank (one of the big four) won't tell me is how it's even possible to do this when they shouldn't even be able to activate the card and then even if they do, how do they then get total access to all my account? + +I get that they could spend the money attached to the card in question but they've also tried to transfer out of my savings account. Does anyone know how this is possible? + +If you want detail, what happened the first time was I could see they tried to transfer a large amount from the savings to my everyday account to obviously then transfer it to their own account before it was frozen. So just by having my new card they were somehow able to do this but I cannot understand how and think there must be some sort of huge security flaw there. + +Edit: So I just went to the bank to sort it out. Turns out this time they didn't get access to any of my accounts because after last time they put a secret word on anything that involves my account over the phone. So they tried to activate the card but didn't know the secret word and the account gets automatically blocked. So it actually worked as intended this time. Still didn't get an answer on how last time they were able to access everything in my accounts but at least it looks like it can't happen again. +See the [discussion](https://www.reddit.com/r/fatFIRE/comments/f7xff4/what_is_your_equity_multiplier_assetstoequity/) from a year ago for reference. Leverage ratio defined as assets / equity. Taking on no debt will give you a ratio of 1. Previously, answers ranged from 1 to 5...big difference! One year later with a brutal market crash in between, some followup questions we can look back on: + +1. What is your leverage ratio and what asset classes are you using to get there? (Most popular last time seemed to be portfolio margin, real estate, and business loans). +2. What was the maximum drawdown you sustained during the spring market crash? +3. How have you changed your philosophy about using leverage as time went on, or in current market conditions? +National Australia Bank CEO Ross McEwan is encouraging customers struggling under the weight of higher interest repayments to reach out early to ask for help and not suffer in silence, as proactive engagement is likely to reduce the chances of loan defaults and foreclosures. + +“The earlier you put your hand up, the earlier and better we can help,” Mr McEwan said in a message to home buyers and business borrowers. + +NAB would “step in and help as much as we can” if customers were up front and honest in explaining their circumstances if they are struggling to make repayments by looking to apply special hardship procedures. But the chances of resolving stresses fall when customers procrastinate. + +“When customers get into difficulty, just please pick up the phone ... If we can talk to them very early on the solution is usually there,” he told an event in Melbourne. + +“What tends to happen is embarrassment sets in and people don’t pick up the phone, and it’s not until they have got the final letter that they will respond. That’s pretty well down the track.” + +The warning came as Standard & Poor’s said Australian prime mortgage arrears had hit a post-financial crisis low in the first quarter of 2022 but are expected to increase in the months ahead. + +S&P Global Ratings said in a report on the performance of residential mortgage-backed securities on Tuesday that the worst-performing suburbs for loans in arrears were Maddington (WA), Dolls Point (NSW), Byford (WA), Hackham (SA), Bankstown (NSW), Barkly (QLD), Ballidu (WA), Broadmeadows (VIC), Katoomba (NSW) and Castlereagh (NSW). + +“Some borrowers will struggle with the combined effect of higher mortgage repayments and inflationary pressures,” the agency said. “This is likely to push up arrears ... in the second half of 2022 as borrowers work to reprioritise spending commitments to absorb higher, non-discretionary expenses.” + +Pain and anguish +Mr McEwan said to any borrowers who felt challenged: “All we can say is ‘please pick up the phone’. + +“There will be pain and anguish for people as interest rates go up after 11 years of coming down, and we have got high inflation hitting the basket every time we go to the supermarket or the petrol station. + +“So, there is impact [from lifting rates]. But in a way we have to deal with that to get interest rates back to a more normalised level. I think there is a good resilience in the economy.” + +Mr McEwan said NAB, like other banks, had not reduced customer repayments when interest rates fell unless customers asked it to, meaning 70 per cent of borrowers were ahead on repayments. + +He also pointed to savings buffers of $250 billion built up over the pandemic as buttressing bad debts. “The customer in the bank we are assessing as being in pretty good shape,” he said. + +But Reserve Bank of Australia deputy governor Michele Bullock said in a speech on Tuesday that while households in aggregate are resilient to at least some rise in interest rates, “highly indebted households are especially vulnerable in the event of a loss of real income through higher inflation, particularly if combined with rising interest rates, and a decrease in housing prices”. + +“Recent borrowers are more vulnerable than earlier cohorts as they are more likely to have borrowed at high DTIs [debt-to-income levels], have had their serviceability assessed at lower interest rates (albeit with larger interest rate buffers) and have had less time to accumulate equity and liquidity buffers,” she said. + +Mr McEwan said on Wednesday: “There is always a tail who will be in difficulties. I accept that is a reality.” + +https://www.afr.com/companies/financial-services/if-you-can-t-repay-please-pick-up-the-phone-nab-s-ross-mcewan-20220720-p5b37y +# **Intro/Observation: + +God damn, god damn! Some of us have really come a long ass way since January. Might’ve even gained a few wrinkles along the way. Like many, I joined the party on the hype regarding “meme-stocks”. I joined for the “squeeze”, or more importantly, the MOASS. After months of constant hedge-fuckery, straight overdosing on hardcore DD, and everyone talking about squeeze this and squeeze that, I had completely forgotten that normally, people would simply invest in companies for FUNDAMENTAL reasons. + +&#x200B; + +[Snorting god-tier DD, I said god damn!](https://i.redd.it/1qn8uqovkn371.gif) + +This thought occurred to me when talking to someone this past week about other rising stocks. They said: “if you inflate the value of (insert rising meme-stock) to drive out the short sellers but in the end you own a company that was struggling. What gives?” + +As fun as the squeeze will be, I wanted sound reasons to definitively YOLO. I wanted concrete evidence to harden my resolve. I wanted to be assured that, even without a squeeze, the company would still be a great investment. And so my goal is to completely ignore any potential squeeze theories, and explain why the current valuation of GME, on a fundamental basis, is STILL deeply undervalued. None of this is financial advice. I just like the freaking stock. + +# TL;DR: + +Fundamentally, there are so many reasons why Gamestop is still deeply undervalued. By simply expanding their total accessible market, this stock is worth 100x AT A MINIMUM WITHOUT THE SQUEEZE. This is only possible due to the unique situation GME has, which is having a small amount of public float of shares “available to trade”. + +I am not a financial advisor, and none of this is financial advise. I am just documenting what I've observed after shoving some crayons too far up my nose. + +# **Thesis: + +To some, the valuation of GME may seem absurd in isolation. However, when compared to its potential accessible market, it becomes clear that Gamestop is deeply undervalued. + +For example: “GME at $250 per share is a really high price!” vs “GME at $250 per share means that it’s market cap is valued at only $17 billion, in a potentially $2 TRILLION accessible industry” + +&#x200B; + +https://preview.redd.it/585vflo8on371.jpg?width=500&format=pjpg&auto=webp&s=83eebc5024e774f8150da93efa094fe983e423de + +Gamestop’s previous brick-and-mortar focused model limited the company’s accessible market. The new transformation under Ryan Cohen's helm will lead to the company's explosion into capitalizing on various untapped, and growing markets. And if you want to see what someone can do, you should look at what they’ve already done... + +&#x200B; + +[Brief History Lesson, Chewy was the Blueprint](https://preview.redd.it/7y3b6z8zkn371.jpg?width=512&format=pjpg&auto=webp&s=b4f4413c93d039dcc0125da7aabbd4e935da511f) + +Ryan Cohen founded Chewy in 2011, in the face of industry competition such as Petsmart, Petco, and Amazon. He began by poaching talents from Amazon, Petsmart, and Wayfair (any of this sound familiar?). In their first year, despite losing money in the first half year, Chewy had a $26 million dollar revenue. It is widely known that Ryan Cohen follows a business model that priorities customer experience. + +&#x200B; + +[\\"If you take a carload of this, you'll make more money. But if you take a carload of that, you'll make less money, but you'll keep the customer. So take a carload of that.\\" - Ryan's father](https://preview.redd.it/vr62shj1ln371.png?width=1574&format=png&auto=webp&s=7ab3ee8bdb1a4ca98104265e15d923c665ebdd8a) + +With a heavy focus on customer service and user experience, by 2017, Chewy was offered a merger deal by both Petco and Petsmart, and was finally acquired by Petsmart for $3.35 billion dollars, which at the time was the [largest merger acquisition](https://www.vox.com/2017/12/6/16681040/ryan-cohen-chewy-recode-100) of an e-commerce business. How’s it doing now? Thriving. Not only did Chewy survive against established industry players, Chewy now has a respectable portion of the pet industry market. + +\*\*CHEWY: + +Current market cap: $32b @ $77/share + +[Pet Industry TAM](https://www.americanpetproducts.org/press_industrytrends.asp): $103b in 2020 + +Market percentage: 30% of market + +&#x200B; + +[Gamestop's back alright!](https://i.redd.it/chwh6fj5ln371.gif) + +# Where are we now? + +# **GAMESTOP: + +Current market cap: $20b @ $280/share (at the time of writing this) + +Video Game TAM: $159b + +Market percentage: 12.5% of market + +&#x200B; + +# **Previous Business Model (Pre-Cohen): + +Video Game Retailer: limited to games, relying on seasonal console releases to help boost general sales. + +As a result, while Amazon has been the most popular stop for digital/online video game purchases, Gamestop still remains the leader in hard copy video games and consoles. + +This business model “over-prioritizes its brick-and-mortar footprint, and stumbles around the online ecosystem.” - a direct quote directly from Ryan Cohen. + +PLEASE TAKE SOME TIME TO READ RYAN COHEN'S LETTER TO THE GME Board on 11/16/2020. This man has been planning everything we’ve talked about all along. + +[https://sec.report/Document/0001013594-20-000821/rc13da3-111620.pdf](https://sec.report/Document/0001013594-20-000821/rc13da3-111620.pdf) + +&#x200B; + +# **New Business Model (Since Ryan Cohen): + +**\*Retail Expansion:** + +We are already seeing an influx of computer hardware, GPUs, TV's, Cameras, Audio, Clothing, and general expansion of consumer electronic products added to Gamestop’s accessible inventory. + +**Why is this important?** + +GME is not only transitioning to remain a leader in the video game retail industry, but they are also expanding their market into the [computer hardware industry ($863 billion market)](https://www.thebusinessresearchcompany.com/report/computer-hardware-global-market-report-2020-30-covid-19-impact-and-recovery) along with [general consumer electronics](https://www.statista.com/study/55488/consumer-electronics-market-report/) (\~$1 trillion dollar market). We’re not even talking about e-commerce yet either. This is simply general product/market expansion. + +Just think about this: The bear thesis of GME being undervalued implies that expanding to a $1.8 trillion market (while being debt-free by the way) will somehow decrease revenue. + +&#x200B; + +[So you're telling me expanding to a $1.9 trillion accessible market will decrease GME's value?](https://preview.redd.it/qg2cia78ln371.jpg?width=500&format=pjpg&auto=webp&s=14dee08399be0f8faf2b6e4646d88e802f7d4084) + +[**\*New Microsoft Deal:**](https://news.microsoft.com/2020/10/08/gamestop-announces-multiyear-strategic-partnership-with-microsoft/) + +“This partnership aims to advance Gamestop’s key strategic pillars and extend its digital omni-channel ecosystem” - Microsoft + +In other words, Microsoft is jacked to the tits about Gamestop’s move into digital sales. How jacked are they? This deal gives percentage royalty on all digital goods bought on xbox consoles that are sold at gamestop. This deal also notes that Microsoft is essentially decking out Gamestop retail locations with tech/hardware necessary to improve the workflow/life of the people actually working at Gamestop and therefore indirectly improving customer service. + +So on top of already leading video game retail revenue, and adding the expansion of accessible market revenue, GME will also pull revenue percentages from all digital sales on xbox consoles. + +&#x200B; + +[Yo we heard you liked revenue, so we added revenue on your revenue on top of your revenue!](https://preview.redd.it/ublyks2aln371.jpg?width=622&format=pjpg&auto=webp&s=adab0189f62f3cb8fe3fd5842dd04f537c067c5e) + +[**\*Service and Delivery:**](https://www.gamestop.com/collection/same-day-delivery) + +Gamestop has already proven that it can out-price-match and out-deliver current “giant” Amazon. On top of brand new [major distribution warehouses](https://www.foxbusiness.com/retail/gamestop-opening-new-distribution-center-to-support-e-commerce-push), Gamestop has started utilizing their (already 4,816) locations as smaller distribution centers. + +By expanding their retail locations to act as mini-distribution centers, Gamestop has potential to deliver products within [2 hours or less](https://www.reddit.com/r/GME/comments/mgo5df/gamestop_2_hour_delivery/). + +&#x200B; + +[But wait, there's more!](https://i.redd.it/vevbawfbln371.gif) + +[**\*eSports/Gaming:**](https://gspc.gg/) + +Gamestop has signed a [multi-year deal](https://esportsobserver.com/gamestop-jan2021-market-upset/) with multiple esports companies, such as Complexity Gaming, sharing a new 11,000 sqft Gamestop Performance Center with the Dallas Cowboys. This expansion into the eSports industry opens Gamestop’s exposure to an additional [$1 billion market](https://www.statista.com/statistics/490522/global-esports-market-revenue/#:~:text=In%202021%2C%20the%20global%20eSports,billion%20U.S.%20dollars%20in%202024). + +&#x200B; + +&#x200B; + +# Conclusion: + +Gamestop is primed to be transformed by Ryan Cohen, the same way he transformed Chewy. (PLEASE REFER TO HIS LETTER TO THE BOARD) + +While Chewy occupies about 30% of the pet industry, if we assume Gamestop can access 30% of it's new total accessible market (modest estimate of $1.8 trillion), that puts GME at $8,400 per share. If we assume only 10% of its new market, that still puts GME at $2,500 per share. **THIS IS ALL STILL ASSUMING NO SQUEEZE!** + +&#x200B; + +[Don't just take it from me....](https://preview.redd.it/zw4su4yejw371.jpg?width=640&format=pjpg&auto=webp&s=94c1288754523bf25762787a8297d4c8184a2f9f) + +(I hadn't even brought up their NFT-platform yet because the automod keeps deleting my post, but just know that this would further open GME's accessible market.) + +I cannot emphasize this enough, GME is currently debt free with over half a billion dollars in additional cash on hand to jumpstart Ryan Cohen's transformation. As of writing this, Ryan Cohen still is not "officially" chairman of the board yet (this will happen on 6/9). The proxy votes have not been released. There has been no official announcements from Ryan at all. The stock is still up $25 from last week's close. I'm so freaking jacked. +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. +I signed up for Beer52 many months ago. The beer is very average for the (high) price so I have tried to cancel several times (they force you to call them, you can't cancel online despite being able to sign up online..) and have been put on hold for at least 30 minutes every time. + +I think this is a deplorable practice, but that aside I have just switched bank and haven't updated my card on their site, so the payment fails. + +My question is: will ignoring this affect my credit score? I am happy to let the payments continue fail since I don't want to have to spend hours of my day waiting on hold. Most people work during their phone hours (mon - fri, 9 - 5) and I think it's a scummy business practice to trap people in this way. +I'm a beginner. + +One of the main books I'm seeing in my google searches is *The Book on Rental Property Investing* by Brandon Turner. I only previewed a few pages and it doesn't look nearly as technical as what I'm looking for, but I could be wrong. +A while ago, I noticed that u / kronegker was posting some interesting rotation charts on this sub. I've since started adding that kind of visualisation to my own market dashboards. + +Some strange things I've noticed though: + +1. That account was a regular account posting in all kinds of subs up to a point. But nothing posted to this sub, WSB, investing, etc. A single comment in algotrading but that's about it for finance/trading. + +2. Then suddenly it was _only_ posting daily rotation charts to r/thetagang, after a time when many cyclicals had just gone up. And strangely, _not_ posting in any other subs any more. + +3. Then it completely stopped posting in any subs - no rotation charts, _no posts at all_ in the other subs it used prior to the sudden change to posting solely rotation charts into this sub. And many cyclicals dropped a bit soon after. + +I'm not sure what to make of this - weird coincidence of price movement and large changes in user activity? Or something more suspicious? An elaborate P+D (presumably with similar sockpuppets in other sites/subs/e-magazines)? + +What do you think? If this is malicious activity, how can we detect this stuff easier, to avoid trading subs being too-easily manipulated by P+D schemes? +At the beginning of the so-called pandemic I bought Moderna stock for $144 a share. As many of you know over time it went up to almost $500. I held onto it. It went down to $350. I held onto it thinking: “ there will always be a new variant and the vaccinations won’t stop, MRNA should go back up to over $400. +Omnicron came, yet the stock fell under $300. Over the last few days it fell from $235 to $215 and I thought to myself “I’ve had it. I’m going to put in a stop loss order at $205!” This morning MRNA dropped just enough to trigger my stop loss order, I sold everything and the stock went right back up to $222 and ended at $216 for the day. I am extremely pissed. From $140 a share to $205, that’s a nice gain and yet I am more pissed than ever about a trade. Who has similar horror stories? And how can I get out of this funk? +Hi all, + +I'm new to value investing. While I find it interesting, I am discouraged by the lack of success stories. With the exception of Berkshire Hathaway and a handful of other institutional investors, you rarely hear about an 'Average Joe' success story. By contrast, millions of people around the world have succeeded with index investing, a choice that requires no time or effort. + +Right now, value investing is populated mostly by 20-something YouTubers who have little experience in investing or life, hyping up Buffet's name so they can make money from views. How can I be sure the field isn't a sham? + +Are there any 'Average Joe' success stories out there? +👅 TasteNFT 👅 + +Enjoy the TASTE. + +A static liquidity protocol with a purpose. + +Join our fast growing community empowering creators of exclusive NFT artwork with sensual Taste! + +The NFT marketplace release ETA is in the 3rd week of June 21. 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For example the below research piece from January 2017: + +“House prices in West Drayton and Ealing are expected to rise by up to 50% by 2020 because of the new Crossrail project , claims property consultants. +Research carried out by JLL suggests West Drayton and Ealing Broadway are amongst the areas set to see the biggest rise in house prices as the Elizabeth line railway nears completion” + +https://www.mylondon.news/news/west-london-news/house-prices-set-grow-50-12515858 + +In 2016 London property prices had been going up strongly for a few years and with no sign of stopping, particularly for first time buyers and flats around the half million pound mark. Crossrail was due to open at the end of 2018. Since then we’ve had the Brexit vote, Covid 19 and Crossrail is still a year away from opening. So how about those West London properties? + +If you’d kept your cash in the bank for 5 years you’d likely be able to get a discount on the same flats now. The lower demand for flats in London has meant sellers are repeatedly slashing their asking price: + +https://www.zoopla.co.uk/for-sale/property/station/rail/ealing-broadway/?page_size=25&price_max=500000&price_min=450000&q=Ealing%20Broadway%20Station&radius=0.5&results_sort=most_reduced&search_source=refine + +https://www.zoopla.co.uk/for-sale/property/station/rail/west-ealing/?price_max=500000&price_min=450000&q=West%20Ealing%20Station%2C%20London&radius=0.5&results_sort=most_reduced&search_source=for-sale + +https://www.zoopla.co.uk/for-sale/property/station/rail/west-drayton/?price_max=500000&price_min=450000&q=West%20Drayton%20Station%2C%20London&radius=0.5&results_sort=most_reduced&search_source=for-sale + +What is the lesson from this? + +• Your home is primarily a place to live, not an investment + +• Don’t let your fear of missing out lead you to making a rash decision and fall prey to over-promising salespeople + +• Its hard to predict the future, so diversify and don’t overstretch yourself +Can I afford buying a flat? + +I am 33 years old, I live in Brno, in Czech Republic and work as fulltime employee for a well-known stable international company. Me and my wife have one small child, and another is on their way, we don't plan more than 2 children. + +I bring home 4600 eur/mon after tax in stable income. Not including yearly bonuses and stock bonuses, that would account for at least 17k after tax yearly. + +Flat: + +I am looking to buy a flat that is outside of the city. Roughly 1h away from city center by train. The price of the flat is 400k eur. The flat is fully reconstructed, in a small building with just 2 other flats.We would be buying it from a distant family member, who fully reconstructed the flat recently, and it perfectly suites our current and future needs, as well as our style. We probably won't have to make significant investments into the flat for a long time. + +I have 175k in savings, 90% of that is in cash right now, as I sold all stocks I could before the markets dips me into red numbers. From that I would put 120k for down payment, and finance the remaining 280k my mortgage. + +Leaving me some 55k eur in cash and other assets, to have some buffer, pay taxes, and possibly buy a car. + +Mortgage rates are kind of crazy right now, so I am offered 5.99% which with 30 year mortgage makes the monthly payment 1710 eur. The owner pays 400 eur/mo advances on utilities, but says that this should be on the upper limit, because they are purposefully overpaying on the advances to avoid end-of-year surprises. + +The mortgage would have fixed rate for 5 years, but the law in Czech Republic allows you to re-finance any time with a tiny (\~40 eur) fee, and also pay 25% of the original mortgage amount yearly without any fee. + +Car: + +I think we will need to buy a car to get around. We have train nearby, but car will make getting groceries and small weekend trips much easier. I am not a car person, so any car that will fit my family will do. I quickly googled, and Skoda Rapid from 2013 can be bought for about 10k eur, I would pay for the car from my savings without taking additional loan. I assume the montly cost of having and using car would be 400 eur max? (no experience with that) + +&#x200B; + +As for my current finances: + +We are renting a flat close to the city center for 1000eur, including utilities. But our rent will increase, so we will pay 1208 starting next year. We will also have to move to a bigger flat in the next 2 years as the children will grow. A reasonably placed flat that would be comfortably big for our family currently rents for about 1800 eur with utilities outside of center, or about 2400 eur in the area where we currently live. + +My wife is on maternity leave with minimal income. I am able to save 30% of my monthly stable income into ETFs, pension fund, and I save about half of the yearly bonuses.Currently we live like this:1200 stable savings3300 come to my bank-1000 rent + utilities-400 for my wife-400 for me-400 groceries, and necessities-400 luxuries= 700 in additional savings some of which we burn on additional luxuries\~17.5k/yr savings + +After mortgage:400 savings (1200 - 810 see below)3300 come to my bank account-1710 mortgage-400 utilities-400 for my wife-400 for me-400 groceries, and necessities-400 luxuries-400 car= -810 that I would need to cut back from my other monthly savings + +Can I afford to buy? I know that the first year or 2 could be a bit tough, but the mortgage rates should go down and I am getting stable raises at work. I also have excel table that tells me that I saved half of my savings in the past 3 years. Am I being irrational here, and simply like the flat too much? + +&#x200B; + +*edited: fixed bonus number to not say 17500k eur. With 17mil yearly bonus I would not have this problem. :)* +Hi all, + +I would like to hear your opinion on this ETF strategy for my father. A bit of background on him: through his work he was able to accumulate savings approx. of €3M, and he is now 65+ y.o. + +However, he never had time to increase his financial knowledge and his savings were followed by a financial advisor, which never brought home great results (we are talking about an average of 1% / year from 1995). A bit of fault is also on my father, as he would run away the second something goes wrong - and I am aware is not a great strategy. + +I have studies in the past year about ETFs and I apply this knowledge for my savings as well, and I believe the most simple ones could work for him. + +However, given its strong risk adversity, I would do something that many of you may consider very conservative. So here we go... + +**Strategic objectives**: + +1. Ensure his lifestyle for his remaining years +2. Follow a buy&hold strategy to bring results in the very long term for the next generations + +**Capital allocation**: + +**1.2M on CC (Cash)**: this big capital, associated with his pension, would ensure approx. from 12k/month (10 years of life expectancy) to 7k/month (30 years of life expectancy). + +I am aware that someone might say that this is a crazy sum to keep in cash but the main purpose would be for my father to feel safe for the rest of his life - whatever happens to the remaining sum + +**1.5M on ETF**: 80% MSCI Developed Markets, 20% MSCI Emerging Markets. Simple as that. Main reason to not use a MSCI ACWII (Dev+Eme) is due the lower liquidity of the ETF in the stock exchanges in Europe. + +Rebalancing once per year to go keep 80-20 percentage. + +Given the historical returns of ETFs, this sum could one day provide wealth to the next generations, given that nobody touches it. + +**0.3M as Emergency fund**: either for great investment opportunities or for any issue it might happen. + +**Any issue you can see with this strategy, given the objectives?** + +&#x200B; + +\*EDIT\* + +I have seen great advices below here, so thanks to everyone. Two takeaway I would probably add now are: + +\- Does not make sense to consider the emergency fund as separate from cash + +\- A good chunk of cash could be invested in fixed income bonds, maybe inflation linked and pan european +I moderately shop at Target and pay off most credit cards on time. How do you folks feel about the Target Red card? Is it worth it? As compared to the price Walmart/Krogers/Jewel/Safeway offers without their credit cards? +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) +Which one should they choose dividends or real estate? + +Cash to alot :$100-150k + +Required income so no drip + +Risk level : Low + +Dividends: If you can share your idea on the portfolio that would be great. + +Thank you for your feedback. +Hi +I'm 22 years old and want to build a long-term dividend portfolio. Now I would like hear what you guys think will be a good long-term dividend investment? For example datacenter reits, healthcare, technology sector etc... + +Thank you +I love to trade and test my stuff but i have really bad sleep problems so i some times sleep 10 hours a day ruining the session times for me so i can't trade and i'm forcing myself to trade late hours do i just stay up all night trade then when i feel like i've had a good session i go to sleep? +I am trying to make my home more energy efficient and had looked into having foam insulation blown into my attic. I had a couple of estimates but they were out of my budget. (House built in 1952, literally no insulation in my attic, just dust) I was looking on my city's website and saw that they offered a weatherization program for low income families. I printed off everything, filled out the forms, made copies of the required information (i.e.: ID, birth certificate, utility bills) and mailed it last week. + +I just got a call from the city and the lady I spoke with said she had received my application and asked if I was just needing help with my electric bill. I explained that my bill isn't high, yet....summer is coming and this is Texas....lol, but that I was actually trying to get assistance for having insulation blown in my attic and just weatherizing my house in general. She said that she saw that I signed that form and that she would be sending it to that department as well....but, that I would also receive assistance with my electric bill and they would send me a letter to let me know what months they will pay and how much they will help pay!!!! + +I was BLOWN away....I had to confirm with her that not only was someone from the electric company going to come out and do an energy review for weatherization but that I was ALSO going to receive some help with my electric bill!! +She said yes and also wanted to let me know that the weatherization appointments can be as long as 8 months out because of how backed up they are. I told her I understood and thanked her profusely. + +Just wanted to put this out there for people. I've been in my house for almost 20 years and had no idea that this program existed in my city. :) +Current status: + +Up 66.24% for a paper profit of $140,134 + +Current share price $3.31 + +Change over the last month $3,188 + +Current mood: [I’m once again asking you for $30m](https://imgur.com/XnMjfOW) + +After 8 months of sideways trading I’m convinced I may have accidentally joined a cult. So much hype that we’re the chosen few investors who know that Zantrene™ is going to change the cancer world and on r̶a̶p̶t̶u̶r̶e̶ buyout day we’ll all be s̶a̶v̶e̶d̶ rich. + +I kid, of course, as I’m still firmly bullish on RAC, but christ almighty is it frustrating seeing good news drop and the share price do sweet fuck all in response when other stocks go up 30% every time they release an update that one of the directors sneezed. + +Initially purchased 85,000 RAC on 15/01/21 and topped up thereafter for a total of $219k invested at an average buy price of $1.99. Holding until at least $20/share which will net a paper profit of $2m in tendies. + +**Please note it's a speculative bio-tech stock and may yet prove utterly useless, but here’s why I’m bullish** + +As a company RAC are executing a three pillar strategy over the next 24-36 months with a steady stream of trial results coming through over that time. They've made it blatantly clear the aim is to get picked up by big pharma at the end of their phase 2 trials and that they're looking for maximum shareholder value™ in the process, as the board are significant shareholders. + +RAC own the patent for a drug called Zantrene (formerly Bisantrene), which is a a [potent FTO (fat mass and obesity) inhibitor](https://www.cancer.gov/news-events/cancer-currents-blog/2020/leukemia-fto-inhibitor-bisantrene-brequinar). Preliminary preclinical, phase 1 and phase 2 trials have shown FTO inhibition to be the key to slowing the growth or killing cancer in up to 15% of patients across 27 different types of cancers. + +Only a handful of drugs are known to inhibit FTO, and RAC is both one of the [most potent and by miles the most advanced](https://imgur.com/a/YqJiuML) of any drug being explored in the space. [This](https://www.dailymail.co.uk/news/article-10063805/Hope-melanoma-kidney-cancer-patients-new-drug-trials-just-months-away.html) article in the world’s worst newspaper provides a pretty good overview of what Zantrene is capable of. + +RAC advised during their AGM presentation that the FTO market alone is worth US$120b a year, which is exciting news if you’re at the pointy end of the effectiveness and by far the closest to getting approved for production. + +RAC also dropped their heart safety pre-clinical data in November and the results are [good news](https://imgur.com/a/wtCA3eS) for cancer suffers. Typically when you receive treatment with anthracyclines (anti-cancer drugs) it fucks up your heart, more than half of patients end up with heart disease within 6 years of finishing treatment. When used in conjunction with Zantrene pre-clinical results have shown there’s no heart damage, and existing heart damage can even be reversed. RAC have stated this is a “multi-billion dollar addressable market" How sweet is that. + +There’s a few more strings in the bow, but the other bit that I’m excited about is the possible enhancements of Zantrene to make it more patient friendly and effective when used in conjunction with other anti-cancer drugs such as anti-PD1 inhibitors. Currently most cancer patients have to suffer a shitty two hour IV process when receiving treatment, which makes it difficult and more costly to administer. RAC are working on an oral formulation which would make this process simpler for cancer patients. + +Now the dense stuff, which shows how I do my DD for a stock and stay across everything that happens, even when all in. + +[RAC’s 11/21 AGM presentation](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02456039-2A1340653?access_token=83ff96335c2d45a094df02a206a39ff4) + +[Dr Tendies 11/21 chat with ASX Investor](https://www.youtube.com/watch?v=6TDP3SOkJzQ) + +[A slightly outdated rundown of RAC by an investment company](https://mfam.com.au/research/race-oncology-asx-rac/) + +[Nerds rejoice, a rundown on the science behind FTO](https://hotcopper.com.au/attachments/bisantrene-synthesis-fto-1-pdf.2950305/?filename=Bisantrene+Synthesis+-+FTO+1.pdf) + +For those of you who can’t read good, and want learn to do other stuff good too [here’s](https://www.youtube.com/watch?v=HKyfK5MDp_0) a video breakdown on FTO. + +**Or if you’d like some counterpoints** there’s some robust discussion [here](https://www.reddit.com/r/ASX_Bets/comments/r13fw4/rac_is_it_a_scam_dream/) and [here](https://www.reddit.com/r/ASX_Bets/comments/orxifu/race_oncology_asx_rac_politically_incorrect/), a dumpster fire of a Reddit thread which presents some counterarguments from oncology doctors it can be found [here](https://www.reddit.com/r/ASX/comments/lslrpf/rac_on_the_asx_why_is_this_flying_under_the_radar/) and another one here [here](https://www.reddit.com/r/ausstocks/comments/nhk9gh/race_oncology_excellent_video_to_break_down_the/). I’ve also noted what I identify to be the main risks [here](https://www.reddit.com/r/ASX_Bets/comments/pffbml/update_yolo_bet_219k_on_rac_199_106250_shares/hb4ky2h/). + +Please understand that this is a small cap biotech stock, meaning its share price is highly volatile, there’s no guarantees of success, and setbacks can and do occur along the way. I’ve YOLO’d into it because I have a high [risk appetite and risk tolerance](https://www.reddit.com/r/ASX_Bets/comments/n4i7dm/risk_appetite_vs_risk_tolerance/), but very few people share a similar investing strategy. + +Finally for those who want confirmation this stock will be a winner, [this](https://www.youtube.com/watch?v=yNj78UH8KQo&%3Bamp%3Bamp%3Bab_channel=maria) video is proof. + +**Once again it's a speculative bio-tech stock and may yet prove utterly useless**. + +Just imagine how angry your wife’s boyfriend would be if you lost your allowance investing in a bio-tech stock knowing that biotech stocks typically have a binary outcome. + +Also to pre-empt a couple of questions regarding the cap raise for $29m + +Are you buying into the share purchase plan announced at the AGM? + +Yes, I've purchased my full allotment of 10,000 shares for $30,000, expect to see that added to the tally in the next update. + +I thought you were already all in, why would you lie to us like that? + +It’s not my money +Bought at 84.28, currently at 173. I'm fairly new to stocks so I didn't wanna sell in a situation like this where I should hold or hold when I shoulda sold it +At the beginning of 2017, ethereum was worth less than $10. By January 2018, the price had risen to more than $1,300. [independent.co.uk](https://www.independent.co.uk/life-style/gadgets-and-tech/news/what-is-ethereum-bitcoin-rival-most-valuable-cryptocurrency-a8325856.html) +I spent the past five years in my hometown working a job that I really enjoyed, but was pretty underpaid for ($55K a year plus bonus). As of this year, I've now paid down all of my student loan debt and just began finally saving money. + +Last week, I received amazing news. I was offered (and accepted) a dream job with a tech firm in Silicon Valley. I will now be making significantly more money. My salary is now $140K plus a significant stock bonus that vests in the next two years. There are also other incentive bonuses along the way. + +I know this isn't a bad problem to have, but I don't want to fuck it up. What do I need to know about making significantly more money? What should I do to avoid being killed with taxes? What do I need to know about how to handle the stock I've been granted? What are some pitfalls people have when they find themselves in this kind of situation? + +EDIT: Since a few people have asked. I am married with no kids. She will likely be making $50-60K after we relocate. + +EDIT 2: A lot of people have focused on the move to Silicon Valley and the changes associated with that. All valid. Just to clarify my situation, I am moving from Washington D.C. where the traffic is really bad and the cost of living is also very high...although not as high as SV. +Update: AT1 bonds are written down in full! None of the money will be recovered + +https://www.livemint.com/money/personal-finance/yes-bank-crisis-what-it-means-for-mutual-fund-investors-11583470195352.html + +> “As per the Information Memorandum (IM) of AT1 bonds, in case there is a reconstitution or amalgamation of the bank under Sec 45 of Banking Regulation Act 1949, the bank will be deemed as non-viable and trigger for written-down / conversion of the AT1 bonds will be activated," said Nippon India Mutual Fund. You can get the full table of debt exposures above ₹50 crore, below. + + + + +------- + +NAV of two FT schemes have reduced by 1% in the last day + +[Franklin India Short Term Income Retail Growth Direct Plan](https://www.valueresearchonline.com/funds/13563/franklin-india-credit-risk-fund) + + +Franklin India Credit Risk Fund + + +Have they marked down the exposure to YES BANK? + +https://economictimes.indiatimes.com/mf/analysis/mutual-funds-schemes-with-significant-exposure-to-troubled-yes-bank/articleshow/74506967.cms + + +> According to data from Value Research, a mutual fund tracking firm, Nippon India has four schemes which have huge exposure to the troubled stocks/bonds. Some schemes from big fund houses like Franklin Templeton, HDFC Mutual Fund and SBI Mutual Fund also had large exposure to stocks/bonds. + +Has rating agencies also downgraded the bonds to junk? why is FT in hurry to mark down always? +I think the long needed correction is finally starting to happen. A lot of stocks have corrected 20-25% from their highs in February. I, however feel that this correction is going to continue for quite some time as the FIIs will keep pulling out money from India over the next few months because while India seeps deeper into the second wave, the US on the other hand is making a splendid recovery both in terms of its economy and its yields on fixed income instruments. + +In a way India has had the worst impact from covid. We had the harshest lockdown during the first wave which made us lose a lot of GDP compared to other countries and in the second wave, the hot spots of covid are in the commercially important places like Maharashtra, Delhi etc which are anyhow going into lock down and will take a lot more months to recover completely. + +Investors rushed to India and other emerging markets in the first wave not because of our market's fundamentals but because almost all developed countries had engaged in massive fiscal and monetary easing. All those negative yields on fixed income instruments and massive quantitative easing meant that money was kind of forced into risky assets like emerging market equity. + +Now, however, the monetary and fiscal easing of developed countries has slowed down considerably. The US is making a splendid recovery which bodes well for its fundamentals and also means that the fed and the treasury will no longer be expected to unleash or sustain the kind of monetary and fiscal spending that they did in the first wave. + +Meanwhile India's macro situation is only bound to get worse because of the second wave. All this means that money is gonna flow from emerging markets to developed countries, especially the US. +r/PersonalFinance has locked this post because it has turned into a legal issue. I copied the post and added more information to r/LegalAdvice. Please follow the post there if you want updates. Thank you all for your help and advice. The initial responses here were extremely helpful and I greatly appreciate it. + +https://www.reddit.com/r/legaladvice/comments/rl61cx/xpost_carmax_called_me_tonight_asking_i_return/ + +Original Post: + +I sold my car to CarMax today and the process went smoothly. It took a couple hours, but overall I was impressed. It's a car I bought new in 2018 and due to covid has low miles. They appraised it on-site for an hour and have me the price they quoted through their website. I was chuffed. + +Leaving the dealership I get this text message from an unknown number: + +> CarMax maintains the right to determine which customers it will conduct business with and, based on information in our systems, CarMax has elected to not do business with you. I don't know the exact reason, but it could be related to a prior interaction with CarMax or information you have provided. This decision is final and is applicable at all CarMax locations. + +I thought it was spam so I didn't respond, but I called carmax to tell them about this, thinking someone was using their info to scam people. The customer relations person was confused and said it was weird and gave me the corporate number and asked that I report it to them so they're aware. + +I gave up after sitting on hold, thinking I'd call back tomorrow. + +That's when the store called me directly and the manager asked that I bring back the bank draft immediately and they would give me the car. They said that corporate demanded it and they had zero information as to why. I was extremely skeptical and asked for common reasons why this could happen and he gave me nothing. He seemed nervous and asked me to call back tonight with a time I could come back or he would follow up tomorrow. + +I read the *signed* contract and the breach clause states they can demand to cancel a transaction if I misrepresented something at some point, which I haven't. + +I have nearly perfect credit, the loan is current, the car is in excellent condition (and they appraised it themselves) and we have a signed contract. My wife is on the loan and she signed everything right next to me. We didn't lie whatsoever. + +I called CarMax corporate and the nice customer service lady couldn't reach anyone at corporate (it's 6pm) so she's going to call the location GM and call me back by 7. + +I called the loan holder and they saw the loan payoff request from CarMax at 1:49pm today and confirmed the payoff amount the CarMax told me. + +I've also called my aunt, a lawyer, and told her the situation and I'll see what she says. + +But right now, I'm not doing squat. Unless they tell me how I was in breach of contract, I'm considering it valid. My only worry is that they won't pay off the loan (I already deposited the bank draft). + +All I can assume is that they didn't like the deal after the fact. They have an identical car (all options, color and mileage) listed on their lot for only $998 more than they paid to us, implying they're oy making $998 on the car they just bought from me. + +Either that or it's a case of mistaken identity? + +But seriously, has anyone ever heard of this before? What options do I have??? + +Thanks, PF. Let me know of there's a better sub for this question, but you guys are so helpful I thought of here first. :) + +Edit: corporate customer service just called back and told me that the information provide (i. e., none) was accurate and they want to unwind the deal, citing that they have the right to choose who they do business with. + +I told them that until they can show me how I breached the contract, I'm going to consider it valid and not do anything. She said she'll let legal know. + +No idea wtf their problem is. It's not like a car company has never lost money before. I can't imagine there's any other reason for this B. S. + +Final edit in r/PF: + +r/PersonalFinance has locked this post because it has turned into a legal issue. I copied the post and added more information to r/LegalAdvice. Please follow the post there if you want updates. Thank you all for your help and advice. The initial responses here were extremely helpful and I greatly appreciate it. + +https://www.reddit.com/r/legaladvice/comments/rl61cx/xpost_carmax_called_me_tonight_asking_i_return/ +I am the last person I thought would post advice on a financial forum but I just want to pass some advice onto those of you who think you are too young to start planning for your later years. +I am 54 years old, spent 30 years travelling the world working in the oil industry, earning way above average salary, best hotels, business class flights etc. +Money was never an issue and I enjoyed it to the max . +However, I never concerned myself with financial matters. +I signed the defined contribution pension papers when I joined different companies (even AVCs) and that was the end of my involvement to be honest. +Divorced around 2012 - signed over house (£200,000) to ex and kept my boat and pensions... job done, no hassles...party time again. +Fast forward to now. + +Brain thinks “ Sh•t ! , oil industry took a dive, I can’t be bothered flying around anymore, I’m getting too old for this lark .... What assets do I have?” +Answer was NOT A LOT! +Yes, I had spent most of my income on cars, women, booze ... and squandered the rest 🥳 + +Luckily for me, On investigating the pensions I had paid into, I found that they were at least double what I’d calculated, based on my monthly contributions on my old pay slips. + +Moral of the story- DO NOT BE LIKE ME. + +PLAN PLAN PLAN + +Pay attention to your financial circumstances now so that they will look after you later. +I was lucky - it certainly wasn’t an educated decision that benefited me these 30 years later . +Even if it’s only a small amount each month, try to invest SOMETHING each month- you will thank yourself later. +***Not financial advice.*** + +There is 1 big bullish event no one's talking about. I've posted about it 3 times before, let's go for attempt #4. + +* **TLDR:** GME might join a super massively big Index. The Russel 1000 series of Indexes. +* **TLDR 2:** This could be an anti-catalyst, not sure. Unconfirmed, must wait and see what happens if anything happens at all. Perhaps there could be an initial sell off if we move from one Index to another or other unforeseen price drops for reasons i don't know. + +**NOTICE:** Probably not happening, there's 1 funny requirement for joining the Russel 1000 that GME does not tick the box for. + +Companies with only a small portion of their shares available in the marketplace are not eligible for the Russell indexes. Companies with less than an absolute 5% of shares available will be removed from eligibility. See Section 7: Adjustments to Members’ Shares Outstanding (Float), for details on calculations of available shares. + +LMAO + +# What the hell is the Russel 1000 and why should i give a shit? + +**TLDR:** Tons of non-GME lovers buy GME daily by buying ETF shares. If we join the Russel 1000, this is bullish as fuck. The price will go vroom vroom. + +\----- + +Right now, the biggest index containing GME is the Russel 2000. Yes the 2000, not the 1000. + +Simply by joining this index, because it's a bigger index than the Russel 2000, ETFs that hold GME will have to increase their holdings of GME accordingly and this means buying more GME shares. + +**Well, put simply, the price would start going vroom vroom!** + +&#x200B; + +&#x200B; + +# How big is this Russel 1000 thing? + +**TLDR:** Pictures speak volumes, so i'll just leave this here. Ticker IWC. + +https://preview.redd.it/qjekdww2lox61.png?width=712&format=png&auto=webp&s=6d4acc6a939a19be33b9b28b5eeb776c03272cfd + +I don't know if we'll be leaving one Index to join the other or if we will be in both. + +&#x200B; + +&#x200B; + +# When do they check if GME is eligible to join? + +**TLDR:** Not guaranteed we're 100% joining yet, but we'll know soon. The process starts TODAY (May 7) + +\----- + +**Russel Ranking Day** + +TODAY (May 7) the FTSE Russel people are going to start the process of **ranking** a bunch of stocks out there to figure out which ones should join the Russel 1000 (or get removed from it cause they turned to shit). + +This is called the **Russel Ranking Day.** + +Source and details here: [https://www.ftserussell.com/resources/russell-reconstitution](https://www.ftserussell.com/resources/russell-reconstitution) + +https://preview.redd.it/oeon01ejcnx61.png?width=962&format=png&auto=webp&s=ff325712a067b75b222f7d8a1dc49940ee203efc + +&#x200B; + +# What's going to happen when if we do join + +**TLDR:** Massively bullish. The ETFs who follow the Russel Indexes will have to buy more GME shares so they can offer them to their buyers. BUY = PRICE UP = Happy Ape + +\----- + +The change in the contents of ANY Index is called **"Reconstitution"**. This is because the Index reconstitutes itself, it changes it's contents e.g stocks that it contains, hence the word "**Reconstitution**". + +&#x200B; + +In the last Reconstitution in 2020, **this happened!** + +[Nice](https://preview.redd.it/grjmwk69cnx61.png?width=933&format=png&auto=webp&s=7b87902ee51d7693b08dd673ce80f5217846a473) + +* This doesn't mean you'll see VOLUME = 69.9 Billion (nice) for GME on the day of the **Reconstitution**. +* ~~You are likely to see a big number close or above~~ **~~100 Million~~** ~~(guestimate) as they buy the shares they need for their ETF.~~ + +You know what that means you dirty monkeys. + +[https:\/\/en.wikipedia.org\/wiki\/Jacques\_Tits](https://preview.redd.it/v0kyut45enx61.jpg?width=1280&format=pjpg&auto=webp&s=d8f74fa19854a0978beda790603267e1296dc7c3) + +&#x200B; + +&#x200B; + +# Aight, so when are we joining this Russel 1000 thing? + +**TLDR:** June 25 (Really it's June 28) + +\----- + +The reconstitution finishes on June the 25'th (Friday) + +[https://www.ftserussell.com/resources/russell-reconstitution](https://www.ftserussell.com/resources/russell-reconstitution) + +&#x200B; + +https://preview.redd.it/w0w8266wenx61.png?width=947&format=png&auto=webp&s=9a5c9b41140715097e723e3bef788927bf312d23 + +&#x200B; + +The actual finished and reconstituted Index will be available to trade on the 28'th of June (Monday). We will find out whether we're actually truly joining the Russel 1000 series of Indexes sometime from TODAY until the 25'th of June. + +**So sometime in the next 49 day from today May 7, we'll know whether we're joining.** + +&#x200B; + +&#x200B; + +# How do they decide whether we're good to join? + +**TLDR:** If stock price is high enough = Join + +\----- + +If you're a wrinkly brained bastard with free time, the methodology on how they pick stocks during the Ranking is available here + +[https://research.ftserussell.com/products/downloads/Russell-US-indexes.pdf](https://research.ftserussell.com/products/downloads/Russell-US-indexes.pdf?_ga=2.22793595.1387236641.1620369231-174493700.1617795049) + +&#x200B; + +From what I've read, we're good to join. Have a read as well and **"AKSHUALLY"** me if you think i'm wrong. + +[Kidding tho, do correct me if i'm wrong in something and i'll amend the post.](https://preview.redd.it/l1n21bkfgnx61.png?width=680&format=png&auto=webp&s=92f7f9a0278d9f3cbded903f684bb1a244f81962) + +&#x200B; + +# Try not to ignore important shit like this + +This sub (Some users) is pretty reactionary and disses future looking (speculative) information. I'm here to shit on those users. + +This is important future looking information you need to take in consideration. For you who are totally smoothbrained, don't be disappointed if nothing happens. GME will still moon. + +*"Simple as" - Baz* + +&#x200B; + +The Russel 1000 isn't 1 Index. It's a series of Indexes like Kathy Woods ARK ETFs (but isn't an ETF). Just like she has ARKW, AWKW and so on... the Russel series of ETFs have Russel 1000 Growth, Russel 1000 Value and so on. I don't know which one we might be joining. + +&#x200B; + +More Russel Info + +[https://research.ftserussell.com/products/downloads/Russell-US-indexes.pdf](https://research.ftserussell.com/products/downloads/Russell-US-indexes.pdf) + +&#x200B; + +**Random info** + +* We're not joining the S&P500 anytime soon. They need "the sum of the previous four quarters of earnings must be positive as well as the most recent quarter." [https://www.investopedia.com/articles/investing/090414/sp-500-index-you-need-know.asp](https://www.investopedia.com/articles/investing/090414/sp-500-index-you-need-know.asp) + +&#x200B; + +[\\"Original Content\\"](https://preview.redd.it/otlnmbdjfnx61.png?width=554&format=png&auto=webp&s=a6516c3fcdd2a01b3465ad9371bf83ed9d4aa866) + +**Edit: Corrected ETF/Index wording.** + +**TLDR:** MAYBE WE JOIN BIG INDEX AND GME PRICE GO VROOM VROOM OR MAYBE NOT + Hi all, I want to give back to this community a little because of the sheer amount it helped me when I first started. I have come up close to 1 year of my trading journey and am finally starting to see profitability and consistency. I have only really daytraded for about 5 months (and yes this isn’t long at all, but after finally crawling out of a 5-6k hole and now being well in the green I know I’m finally doing something right). As for the total year I tried to dabble in a bit of everything I.e. stocks, options, swinging, scalping etc. soaking up any bit of information I could get my hands on! After an insane amount of red, I began to realize that daytrading suited me most because I could control everything and wasn’t ever drastically effected by any unsystematic/systematic risks that occurs when doing something like swinging. As of recently, I have hit my milestone in growing my account from **1.5k to 10k in a month.** (And no it obviously wasn't really a month but rather a year of dabbling and climbing out of REDNESSS, my consistency has finally started to show.) + +**1.** You must, must, must find some sort of edge. At the beginning of my day trading experience I kept dabbling in a range of different setups until I started to really notice and understand which ones worked and which ones didn’t *(big emphasis on which ones didn’t*, because honestly a lot of them didn’t). To this day, I make most of my money from 3 **setups that literally repeat and repeat** like patterns but I am constantly trying to expand my playbook (making sure to lower my size when doing so). And if you ask, hey what are these setups? I don’t rlly feel comfortable in sharing because A) it took a longtime for me to figure this out for myself (i.e. literally staying up from **11:30pm - 6am** every weekday watching the markets and also studying/watching videos during the day - whilst having commitments like uni and work :) ) and B) they might not work for you. Also, you should *trust in the process*, because part of getting good and getting past that learning curve is criticizing yourself and figuring out what works and what doesn’t. If you never go through that process you will struggle big time. + +**2.** Please **learn to read the tape**. The order book and time and sales is essential, if you don’t have these tools you are at a severe disadvantage. For example, when I enter long on a 9ema/21ema consolidation, I am looking for heaps of orders coming in through the T&amp;amp;amp;S above or at the bid because this tells me buying pressure is coming in. And for example another scenario, if I am shorting, I know my directional bias is likely to be correct when the orders on the ask begin to stack up with lots of support behind me and orders on the bid are relatively thin in comparison (Nick Fabrio talks about this in the Chat with Traders podcast) + +**3.** Trading is literally all about risk to reward. If your reward isn't atleast 2.5-3x your risk why are you even taking the trade. Unless you are certain that the probability of success is incredibly high (which is something you figure out from your excel spreadsheet of different setups and their probabilities), it is incredibly silly. Expanding on this, moving your stop-loss is literally altering your R:R ratio so please unless you are 100% positive that your original stop-loss was dead-stupid, take the loss and cut the runner short. + +**4.** Where do you put stops? You need to understand the structure of your charts on all timeframes. Before I trade any name im putting in support and resistances on daily/hourly timeframes so I know the key levels in play. Depending on your strategy you can choose to put stops just below pivots, or just below support levels etc. Additionally, nice numbers is a thing, so e.g. (when short) don't put your stop as $6. Put it at $6.01. When long, don't put your stop at $5.01, put it at $4.99. I don't know why nice numbers are a thing, but they are and there have been countless times where my stops were too tight and I was stopped out by 1 cent due to 'nice' numbers. (whole dollars and half dollars especially) + +**5.** Leading on from this --&amp;amp;gt; The awareness on multiple timeframes thing is something recent that I heard in a chatwithtraders podcast and oh my god is it true. You need to start understanding where people are going to be entering on multiple timeframes, because remember not everyone in the orderbook right now is a daytrader like you. E.g. I tend to not short at the HOD break unless I see heavy resistance because at this point you have multiple buyers stepping in at multiple timeframes... + +**6.** This is also something that I only really realized recently (after having so many trades where I was deep green and having them turn only a little green/red). How should you be taking profit? For most of my plays I would say e.g. short at $z and set a target for say $z-1. I would then let the trade run and I guess take 50% profit and then full profit when the stock was nearing $z-1. The problem with this, is that I was leaving sooooo much more money on the table. I.e there are so many micro moves (e.g. shorts covering off support, buyers stepping in) within one macro move and it is easy to predict where people are going to cover their shorts etc just by looking at ur chart for 2 seconds. (again this market microstructure stuff) From this, I started covering right where/a little before people would cover and then re enter when the stock would consolidate back to say the 21 ema or something. By doing this I have profited from that little ‘micro’ pullback that was incredibly predictable within the big macro move (that didn’t even fully have to play out). So in the end, you've made money off the one big move + all the micro moves. anyways hope that made sense (it’s 3am rn so I’m a fuking vegetable) (also no I don’t set a profit target of $1. That was just an example, I should’ve instead used an arbitrary value $k to clear up confusion) + +**7.** Watch heaps of videos of people that are better than you and try soak up as much information as possible. Most people try to find one video that would teach them everything but problem with this is there is no one video. Everything about learning day trading is just soaking in as much info as possible from a heap of different sources. Additionally, you do not have to pay for any courses... everything I did was completely free and I made sure to have a onenote where I stored heaps of notes from different videos. + +Here are some channels I watched: + +**Dan from TheChartGuys!!** + +\- I would strongly recommend thechartguys as a great starting point with the multitude of videos on TA/trade recaps (dan in my opinion is one of the best traders I have ever watched, and he is by far the most consistent, systematic and genius of them all!! He has such a beast probabilistic mindset that puts him in front of a lot of other traders. This is something I really admire about him) you don’t need to buy his course though. + +**W-ar-riorTrading** (sorry formatting is weird, it wouldn’t let me post) + +\- To be quite frank, Ross isn’t a very good trader in my eyes, he seems quite sloppy and inconsistent. E.g. He’s the type to really chase those whole dollar and half dollar breaks without even considering the tape and the current overextension of a stock. And yes, he does make money so I don’t want to shit on him - but I’ve just seen better traders out there... He has some nice vids on L2 data and live trading, so I would go check that out. + +**SMB Capital** + +\- Look at their setups videos with example trades + +**Seven Points Capital** + +\- Love a good recap from Michael Kats and the team. + +**Chat with Traders** + +\- I think I have watched over 100 hrs of interviews... Just type in daytrading and hit most viewed.... + +**6.** **Get on Twitter!** Follow daytraders that are better than you, i.e. Nick Fabrio, Michael Katz (anyone from any chat with traders video). + +And finally, here are some little **mini tips** + +\- Don't size up until you are consistent. I have made huge mistakes of sizing up when I thought I had it all laid out after a few decent trades, and then got a huge reality check. + +\- You are going to miss so many moves that happen in front of your eyes (i.e. FOMO). It happens and yes it fucking sucks but don't get in now because your R;R ratio has completely changed + +\- Know where you are going to get out before you get in. + +\- Please try only use limit orders (atleast for entries), market makers literally fill you wherever the fuck they want. What I would do is for example if you want to enter at $6. set your limit for $6.05 just incase the price explodes (and you should know if you are buying at an area where price will explode, e.g. a key support level/breakout level). For exits I currently use market stops which is bad, sooo much slippage (I am going to start fading into stop-limits though with a slippage factor.) + +\- If you don't have hotkeys, you are at a disadvantage. Too much clicking is bad and slows you down/is very stressful. I currently have 3 hotkeys - a 50% take profit, 100% take profit, and cancel order hotkey. I still think I need more lol. + +\- Paper trading is fucking useless and doesn't teach anything. If you want to learn but dont want to lose big, open an account with tradezero and 2k equity - best way to learn is when you lose. If you are paper trading, I am telling you right now you are wasting your time. Because of human psychology, trading when money is on the line versus paper is a completely different game. I could go into so many things you will do when trading real money vs paper but I cant be fucked right now so just trust me. + +\- Create notes. I have a mistakes notebook where I literally document every trade mistake I ever do. Yes, when you lose money it hurts and you record it (something you wont do on paper trading). Additionally, have an excel spreadsheet of your % winrate and also P&amp;amp;amp;L + +\- Just a couple things about my trading --&amp;amp;gt; I use tradezero for execution and tradingview for charting (When I first started I used to use the stockbot !pop command on discord servers but have then moved to the tradingview scanner, I think I need to eventually find something a little more professional like tradeideas.) **VWAP** is the most essential thing on my chart, without it I would not trade. I use 9 ema's and 21'emas (depending on the strategy, sometimes they aren’t used at all) that help me gouge different entries. When trading any name, I have a split screen between the 1 min and 3 min timeframe and then another tab where I flick through the 5min/15min/hourly/daily time frame (usually always on the 5 min). Before I trade any name, im putting in key support/resistance areas at pivots levels on these higher timeframes. + +- also did I mention volume! That’s a super important thing I’m looking at, again depending on my strategy + +Anyways, for anyone that is interested I do document all my recent trades on my instagram account so if you want to come aboard on my journey chuck me a DM and ill give you the @. (Edit: a lot of ppl are asking, it’s @thewolfofshortstreet You can ask me questions there too!) + +2nd edit: glad ur enjoying the post fellas, again after lurking around for ages and reading heaps of posts this was my way of giving back a bit! + +Cheers! +I took some profit with this little bull run from some altcoins i played around with for fun. For a more serious long term hodling except Ada, Btc and Eth, what should i invest in according to you? + +No moonshots please. + +EDIT: just a general shoutout to all that have posted so far! Appreciate your time and suggestions for a crypto noob thats also new to reddit although im in my mid 40s. It's always interesting to see what people are betting on, and I keep learning a lot of new things. Thanks! + +EDIT2: yeah i know im lazy AF, but I have young kids under the age of 4. FML. ;) + +EDIT3: Thanks for the silver kind stranger! + +EDIT4:. Kids are now back wrecking havoc at home. I had the day off, I took advantage of it by weirdly sitting on reddit and google for 6 h looking into different cryptos and replying to everyones comments. Surprisingly, I really enjoyed it and I really appreciate the help and tips, links, feedback and comments from the community. It feels like this became a twisted version of AMA and instead became a TME - Teach Me Everything, because I don't know what the F im doing 😂 + +Anyways, much love everyone and I will keep on replying and researching my way to a proper hodl. + +Cheers! +Some of you may remember SNFT. It was posted here not that long ago and hugely popular. It pumped massively because people liked the project, but dropped off because the roadmap is still in development. They’re doing standard DeFi with an NFT marketplace, and now they’re adding social networking into it. The social networking platform is coming this month, and has basically all your standard features a la twitter. Now some of you may wonder why an NFT marketplace might benefit from a social networking platform being integrated into it. You don’t follow your favourite companies on Amazon. No, but you follow every artist and creator you love on Reddit, twitter, Facebook, Snapchat, Spotify, etc, etc. + +[https://www.youtube.com/watch?v=m2t09iWa9Ww&](https://www.youtube.com/watch?v=m2t09iWa9Ww&feature=emb_title) + +Now imagine if you could not only follow them and interact with them, but also interact with other fans, discuss their artwork and buy it all in one platform. No third-party Shopify, or Patreon, or anything else. All in one spot. That’s pretty big when you compare what even the biggest similar platforms are doing (which is not anything like this), as well as when you add in farming, staking, NFT drops and discounts from staking and so on (and God only knows what else they will add to the platform in the future--this creates a solid base from which a ton of things become possible). + +All in all, for me, this is looking to be a really fun project that’s going to stand out against all its competitors. It’s not just going to be DeFi, or NFTs, or whatever, it’s going to be everything all in one place. Simple UI and integration, easy uptake for the average person, and making crypto a fun social environment which the average person loves (and loves a lot more than convoluted blockchain). I see this thing getting a 10m marketcap very, very easily. That would be at least roughly a 30x from here. But I see that across the span of the roadmap, and as always DYOR. I am not a financial advisor, and you need to make your own investment decisions, not just take the words of a subreddit stranger + +Why do I mention the average person? Because blockchain and crypto is reaching a precipice where any day now it is going to penetrate the normie collective consciousness. You might say the average person already knows Bitcoin or even Doge. Sure, do they know Cardano or Chainlink? Probably not, and Cardano/ChainLink are two of the most known crypto projects. So we’re not quite there yet. But we are so, so, so close. The problem is in part that crypto is still a wid wild west wall street filled to the brim with scamcoins, and also that blockchain and crypto and how it works is still convoluted to the average Joe. + +Normal people don’t even want to know how something works, they just want it to work. And a lot of commercial crypto markets and platforms are very difficult for a normal person to navigate, let alone enjoy. We can see SNFT will have a seemless, simple UI and is going to be very easy for the average person to navigate. That alone is the biggest takeaway for me. Combined with the fact it’s becoming an all-in-one, one stop shop. Normies don’t want 50 apps, they want it all in one place. That’s why they love Google and Facebook. There are (imo) better platforms (social networking, search engines, etc) out there, but can they do all the things that Google and Facebook can? No. You can’t beat convenience when it comes to alluring the regular person. Having your staking, NFTs/marketplace, socials and more in one spot is a huge boon. + +Also, as many know the team is doxxed, transparent, active, and they make sure to do all the other basic dotting of the I’s and crossing of the T’s that teams with 10x the marketcap don’t even do. This isn’t a wild wild west shitcoin. This is the real deal, and you’re getting in early. + +**Tl;dr** SeedSwap looking to become the ‘front page’ of crypto; an all-in-one platform for DeFi, Marketplaces, and Communication. Seriously undervalued; Get in now. Worse projects have more than 30x the marketcap. Roadmap is still being developed, staking is coming this quarter, the marketplace Q3, and the social networking part of the site this month. Always do your own research and read the fineprint, IANAFA, etc, etc. They're also looking at doing IP vetting for the marketplace to be a higher quality, less IP infringing platform. + +**Total Supply:** 100,000,000 + +**Marketcap**, I think, only 300k. + +**TG** = seedswapofficial (t dot me slash seedswapofficial) + +**Website:** [www.Seedswap.io](http://www.Seedswap.io) + +**Buy on Uniswap:** [**https://app.uniswap.org/#/swap?inputCurrency=0xa3c4dc4a9ce2a6b40b57f25f8b50decc2c64dec2**](https://app.uniswap.org/#/swap?inputCurrency=0xa3c4dc4a9ce2a6b40b57f25f8b50decc2c64dec2) +Hello! + +I have been for a long time developing tools to collect and process financial data about equities. I developed these tools for myself but recently I made a decision of publishing a set of those tools here: [https://www.equibles.com/](https://www.equibles.com/) + +This platform provides a visualization of the database that I developed and still am developing for myself. The data is usually updated once a day after the market close. Any new SEC fillings are also automatically processed and added to the platform once a day. + +The unpublished part of the platform also has the following features: + +* News about the stocks that I scrap once a day from different websites with sentiment analysis. +* Price target estimates predicted by deep learnings models that are based on the financial statements and prices of the target company and the industry. +* Charts of how some metrics changed over time (such as P/E, P/S, P/B, etc) +* Statistics over time for each industry and sector (P/E overtime for the whole industry, P/B, etc etc) + +Unfortunately, I initially developed the platform to work on the terminal, since it was intended only for personal use. Because I am only working on this at night and on weekends I did not have enough time to reproduce all the functionality online. + +Hope you guys like what I currently have online and you can expect new functionality to come up in the next days. +Feel free to also suggest functionalities that you would like to have. I currently working on the screener, so what columns and filters would you like to have? + +**Note on the free content**: Everything on the platform is free, I don't have any ads. I do not intend to charge in the future for any functionality that is currently free. Eventually, I may develop some new functionality and charge a symbolic value for that functionality in order to help me pay the costs of running the platform (renting the GPUs and buying some of the data). + +**Notes on the financial statements**: The organization is still in a very raw format. I am looking to improve it in the next few days. + +Hope you have a good sunday +- Daniel +I’m currently 22 years old have been saving for over 3 years. Currently have 60k in a high yields saving account at 1.9% APY through AMEX and was wondering if there’s any suggestions on where else to hold my money? I’ve been told to look for private banks for higher percentages cause I feel like I could be making much more off interest but don’t want to risk the whole biscuit. Financial advisors are hard to trust since these days with investments cause they will suggest things for commission. +Down days have been scarcer than usual here in 2017—and down weeks and months even scarcer. For much of the year, the market has felt like an express elevator stuck on the up button. I'm not just talking about perceptions, either. Take a glance at this [astonishing chart](https://i.redd.it/vekl0qvssy301.jpg), brought to you courtesy of Charles Schwab. + + + + + +Hi guys, please bear with me if this sounds like a noob question. I'll remove the post if many of you find it irrelevant. + +Question: I already have a zerodha account. On kite (or anywhere else), is there a way for me to sort my watchlist using (real-time) best Bid or best Ask? + +I know it doesn't sound useful, but I want to do this for a very specific case. + +Currently, I have to click market depth on each scrip and see what's the best Ask is. So if the data is already there, I was thinking there should be a way for me to sort a list as mentioned above instead of just using the usual options. + +Thanks for your time! +Link: https://www.economist.com/business/2018/11/08/indias-banking-system-is-flirting-with-a-lehman-moment + +not sure what exactly to put for the mandatory TLDR. I see the article talks a lot about 'shadow banks'. Trying my best TLDR : + +>The other quarter is from a motley crew of 50-odd shadow banks that have expanded quickly. They are less heavily regulated and lend in particular areas such as housing. They are usually prohibited from taking deposits so fund themselves with debt. Last, there are innovative digital firms, such as Paytm, a mobile-payments firm. Overall, the system straddles the 19th and 21st centuries, featuring subsiding bank branches protected from the monsoon by tarpaulins, but also virtual mobile chatbots. +Yesterday, the crypto community noticed announcements about MyEtherWallet supposedly changing their name to "MyCrypto" based on posts on Twitter. + +There have been no other announcements through other official MyEtherWallet channels, and the MyEtherWallet Twitter has now made a post suggesting that their Twitter handle was compromised and changed without their knowledge. + +It is unclear at this time whether MyCrypto is an official project of the MEW team or not. + +It is also unclear at this time if MyEtherWallet, or other social channels have been compromised. + +While there is currently no other signs of a hack and it seems like this is an internal split among employees at the company - we're advising the community to try and avoid MyEtherWallet and MyCrypto until this situation can be resolved. + +Always remember that entering your private key on a malicious website can compromise your wallet. + +**What should I do if I used MEW recently?** + +You're probably fine. Once again, there is no clear indication of a hack at this time. + +However, it may be worth while generating a new wallet and transferring assets to that new wallet via another service such as MetaMask. + +**What can I use instead of MEW?** + +If you are uncomfortable using a local wallet such as GETH or Parity, then you can consider using the MetaMask addon. + +**When will we know that MEW is safe to use?** + +It's unclear at this time, we're still trying to find official updates. The moderator team will do our best to update you when we have more news. + +Stay safe! +I’m very curious about side hustles and do have time outside of normal working hours that I would like to use to earn some extra income, which should help with the whole FIRE goal. I made this post to explore this deeper and so we can have a discussion and learn together. Feel free to post anything about side hustles, regardless if I mention it below or not. + +**Popular side hustles** + +* Freelancing (programming, art, consulting, welding, etc) +* Tutoring +* Working security at night +* Bartending +* Dog walking +* Baby sitting +* House sitting +* Amazon FBA +* Property management +* Online tech support +* Uber/Lyft driving +* Flipping things (cars, bikes, homes, etc) +* *If your side hustle isn’t mentioned, please share!* + +**Misc questions** + +* Do you report taxes on your side income? Do you legally have to? +* When should you set up a S-Corp or LLC for your side hustle? For example, let’s say I tutor and earn an additional $10k a year. What if I earned $20k or $30k? +* Which side hustles do you think generate the best $/hour? +* Which side hustles do you think are most fun? +* Some employment contracts stipulate that you cannot have another source of non-passive income. Do you just ignore this? +* Which side hustles are traps and not worth it? + +Edit: for those that don’t think side hustles are worth it and time spent on a side hustle should instead be devoted toward your main job (OT, going for a promotion, getting certifications, etc.), please consider: + +* Not everyone’s job pays OT/has extra hours available or this just isn’t applicable. Think teacher, assistant, etc. +* Sometimes promotions aren’t possible +* Not everyone is in love with their main job and people might want to do something different for diversity’s sake or for fun while earning some money. From u/sachin571 + +> as an attorney, I'm unhappy if I add more hours to my docket, so I work as much as I can tolerate, and teach guitar on the side. +mid-20s F who has been on the fatFIRE train for a few years. I am a resident physician and am looking to start settle down soon. How did you meet someone with the same goals? The dating scene is hard enough as it is without adding financial compatibility. When did you broach the topic of fatFIRE with your potential partner? +I'm currently living in the UK and debating a move with my French wife and child to France. + +We're totally in the dark about how investors are taxed in France and how it would go when I apply for a working visa as I'm a self employed day trader. + +If anyone could off some advice or experience in how trades/investments are tax and visa's for self employed or maybe there is a better way to go about it. Any advice would be really appreciated. Thanks +Edit 2: what I was looking for https://www.euromoney.com/article/b1320xkhl0443w/naked-shorting-the-curious-incident-of-the-shares-that-didnt-exist + +special thx to u/steelandquill for getting me the right article in like 21 seconds after posting <3 + +Can anyone please find me the article about a guy who owned a company which had smth like 4million float. +He saw his company being naked shorted into the ground untill 1 share fell to smth like 0,0007cents and decided to buy every single share(entire float). +Then on the next day, while owning the entire float of a company he saw about 40million shares exchange hands. +? +Thx in advance apes 🚀🚀🚀 + +Edit 3: just a bit more TLDR: In 2004 it turns out it short squeezed by the quick look at it from less then a fraction of a penny to more then 1000$, go to trading view and zoom into that if you want a more detailed picture... + +Edit 1: I allways knew this community was THE best, but again i got amazed how proffesional and quick you all were with answers! +Anyone wondering about how extremely corrupt the system is should read the article in the first comment, i will link it here shortly! +PS: thx for annonymous who gave me "To the stars award!" +DFV i know you are gay for me (no homo), feeling is mutual +1. Been making 3-10% monthly +2. Or making 2-3k consistently + +What are your tips for a thetabab? +What stocks/etfs are you'll doing? +What's your max profit/loss? + +Thetababy thanks you in advance🤟🏽 +I have made my first $100 from crypto and I’m currently looking for a P2E game to put my money into. For context I love gaming but I’m still a college student so I don’t have a lot of money to burn. I’ve been looking around for good games but most of them are already so popular which are more expensive. I’ve looked into P2E platforms such as Sandbox and Infinity. Although I’ve been gaming for a long time, I am entirely new to this Play-2-Earn game. It’s becoming a trend now and all my friends are either investing or getting ready to invest. I don’t want to be left out. Where do I begin? What other games do you guys think I should look into? +I'm a 42 years old and making 90k a year within the IT field who is supporting elderly parents, with one parent fighting cancer. My career is at a dead end with no opportunities for growth due to my lack of a degree and I know that I will eventually become obsolete to employers. I'm thinking about going back to school full-time to either complete my bachelors degree or reinvent myself and pursue a field in aeronautical or automative engineering. + +I have no bills outside the standard monthly expenses such as utilities and insurance. No mortgage since the house is paid for. I have a little over 100k saved for this endeavor to cover tuition and living expense but I'm concerned about not having health insurance coverage or cash flow. I'm at a lost and not sure if my pursuit will be worth the ROI if I complete the degree? Would companies even hire someone at my age for an entry job or am I just having a middle life crisis? +My mother recently passed, and my sister and I were left with her house. Comparable properties are currently going for $180-200K. There is about $60K remaining on the mortgage and I have equal equity with my sister. I'm thinking that I'd like to look at taking out a mortgage to pay off the existing one, and to buy out my sister's share - so roughly $120K. My payment would be about $700/mo, including annual property tax. I could pay this out of my current salary if necessary. + + +My thought is to place the house with a local property management company (it's in NC, I'm in CO), with an expected monthly rent of $1400-1800. All income from the property would first go into an emergency repair fund, then either invested or overpaid to the mortgage. + + +I've never owned property before, much less an investment property. I have some completely noob questions: +1. Is this basic plan sound? +2. I know I'll have a monthly fee to the management company and insurance to be paid - are there other non-repair costs I should be concerned with? +3. If you would do this differently, what specifically would you do different? + + +Property is located in 27610 if that's important. +**The Chart:** + +&#x200B; + +https://preview.redd.it/72f4rwo3ufk61.jpg?width=1080&format=pjpg&auto=webp&s=03145e09545ed208f0a1459c40804b9bf4bd88ae + + + +I started posting about Smartlands SLT about 2 weeks ago and wanted to follow up and answer any questions people may have. Many people called me a shill, but I was just trying to show you a project that has a ton of potential. Smartlands well selling for $.83 on February 15th, and and now exactly 2 weeks later it has shown an ROI of 597% and is selling for $4.90 per SLT. + +&#x200B; + +**Can it still grow from here?** + +Smartlands has not even scratched the surface yet. The platform will be going live this month with several projects as well as several exchange listings coming (including a tier 1 exchange). Smartlands is still a very low cap coin with an extremely small circulating supply. If Smartlands can reach a Market cap of 1 billion, each SLT will be worth $200. That is a 100X ROI from where we are now. If you didn't pull the trigger earlier there is still time to get in. Always DYOR, but it it something to look into! +There have been recent articles about rent (In Toronto at least) increasing as a result of interest rate hikes since landlords will have higher mortgage payments. + +They are going up CURRENTLY, but one factor that doesn’t seem to be getting considered is the recession that is inevitable as a result of the rate hikes. + +If it goes as far as 2008 levels, we could see a lot of layoffs in the coming months, and tenants who lose their jobs and income will no longer be able to pay rent. + +So how do you think the rent prices will be affected if demand is technically reduced as a result of unemployment? In both Toronto and the rest of Canada. Will there be drops, increases, or stagnation? Would it vary by area? + +It dropped somewhat during COVID, so would this be similar? +So I know that things are in the shits right now, so I figured I'm going to summarize my Ethereum story and how it changed my life. + +&#x200B; + +I'm a college drop out and a currently inactive addict, during my worst period which was about 5 years ago, I realized that something needs to change desperately or I'm going to die. The thing that came to mind was the power of our mind to discern patterns and extrapolate them into the future to help us get what we need (in the past it was food). The problem was that my mind didn't have much to work with as, despite the fact that I pretended I did, I never read any books and all information I consumed was only serving my confirmation bias so that I could pretend I'm smart. + +&#x200B; + +So, somehow I stopped lying to myself, and started listening to audiobooks obsessively. Along the way I learned that I couldn't listen for shit, and had to develop that skill, which I did. To mix things up, I added podcasts to the repertoire, and listened for new information and better conversation skills whenever I had the chance. In the beginning, it was on my way to work, which was a minimum wage cashier job. + +&#x200B; + +Slowly, I gained more confidence and knowledge to feel comfortable going after slightly better jobs, eventually, about 2 years later, ending up working the office side of fiber optic construction. By then I had accumulated a lot of knowledge, and one of the most profound pieces of information I had come across was a book called Zero to One by Peter Thiel (founder of Paypal, early investor in SpaceX and Facebook), and sought out everything else he said that was a available online. + +&#x200B; + +Having comprehended the way he thinks about what makes for a great idea, I continued to search for any and all information, until I stumbled across someone mentioning Ethereum on reddit one day. Intrigued I began researching it, and was very positively surprised to see that it had just about every sign of being a great idea, at least according to what I had learned over the past few years. I felt confident enough in my estimation of it that, with pounding heart, I bought my first ether. I was overcome with excitement. + +&#x200B; + + The next day I woke up to see that the DAO was hacked, and $50 million stolen. It had lost something like 30% of its value. I wasn't too worried, according to my estimation the team behind it was capable of overcoming it, and I hadn't yet invested more than $20. However, being the novice that I was, I was convinced that the market would realize its mistake by the time the day was over, so I decided to buy many more ethers at what I thought was a discount price. By the next day the value has plummeted some more. I was kinda disappointed, but thought that this was an even better price to scoop up some loot before that market realizes its mistake any minute now. + +&#x200B; + +The value continued to plummet. However, still believing in my estimation of the project, I continued to buy, being absolutely convinced that the day the market realizes it's big mistake was right around the corner. So I continued to put about 1/3 of my paychecks into Ethereum, eagerly awaiting the day it would skyrocket all the way up to $16, and I would make my 30% returns. + +&#x200B; + +To my disappointment and growing concern, the price continued downward for months, when it reached $9 and I had lost 30% of my investment's value, I started myself if I was completely wrong about it, and stopped putting my paychecks into it. Eventually the price reached $7, at which point I thought, what the hell, gonna put another $300 into it, it surely can't go any lower than this, right? + +&#x200B; + +Right, it was right around that time that the price began to go back up. And it just so happened that I got fired from my job. It was really exciting to see the growth at this time of personal troubles, it let me daydream about the potential. Soon enough I got a new job, but got fired after a month. However, at this point my Ether was worth enough for me to consider a different path. I decided that it provided me with good enough a cushion that I could pursue my childhood dream of learning how to code, and so I went to a coding bootcamp. As I was studying, the price continued to skyrocket. + +&#x200B; + +Thanks to my pursuit of information and better conversation skills I gained over the past few years, I was able to get a coding internship right out of the gate. However, I soon realized that I didn't wanna work on ideas I didn't believe in, and decided to quit and spend some time soul searching. + +&#x200B; + +By now, I made a sizable pile of money, and decided to use it to quit working for a while and focus full time on getting more information and thinking things over. This took more time than anticipated, 2 years, but in that time I expanded my horizons far beyond what I thought was possible, realized what I wanted to do in life, gained an appreciation for life, and found my life's mission. + +&#x200B; + +For the past few months I've been working on my dream, and I think's it's gonna work. + +&#x200B; + +All thanks to Ethereum and its community, including some of you guys who have been here for a while. Thank you! + +&#x200B; + +PS, This is much longer than I anticipated, but hopefully it will inspire some lost soul + +&#x200B; +**TL;DR:** Donating plasma is real - it's legit. It takes some time out of your day, but is otherwise low-effort. + +A few months ago (maybe over the summer?) someone posted that selling plasma could get you some quick cash. Ever since then I've been meaning to do it, but kept putting it off. Finally, I decided that the new year was a great time to stop procrastinating. + +The first thing I did was a quick internet search to find out which facilities were near me. There are two in my area: CSL and B Positive. I didn't have a lot to go on, so I randommly chose B Positive. It's a little bit far from my house, but very close to work so I thought that might be convenient. + +I went to the B Positive website and read all the FAQs and informational pages. I'm glad I did because there's some paperwork you have to bring with you. You will need: a photo ID, your social security card, and proof of address. I couldn't find my SS card, but according to the website you can also bring your W2 or 1040. I brought my 1040 and had no problems. + +The website said that first time donations take about 2.5 hours. I arrived at the facility at 9:30 am on Saturday morning. I needed to leave by 12:30, so I thought that would be pleny of time. + +When I got there, the place was cclean and brightly lit. The other clients were a bit rough around the edges, but I don't know what I expected - a bunch of brain surgeons and fighter pilots? Anyway, the staff was super nice. The front desk lady looked at my ID/paperwork and set me up as a donor. You have to have your fingerprints taken electronically and they take your picture. + +Next you go to a computer kiosk where you log in via a finger scanner (hence the need for fingerprints) and your DOB. You have to answer a series of 52 questions. If you've ever donated blood, the questions are really similar. If you've ever had sex with someone who had sex with someone who had sex for drugs, in France, with Ebola while getting a tattoo with a dirty needle, you can stop reading now because they're going to reject you. + +After I answered the 52 questions, I waited to be called for my physical. This is the part where I didn't plan ahead. It took a loooong time. It was a busy time of day, and I waited like an hour. Finally, I realized I wouldn't be able to finish before my 12:30 deadline, so I had to leave. I did come back later in the afternoon, though, and it went much quicker. + +So, when I came back I had to answer the 52 questions again at the kiosk, and then waited a much shorter time to be called. My "physician or physician's substitute" took me to a private exam room and did the usual weight, blood pressure, temperature, etc. She did a finger prick and had to get a tiny tube of blood to check my iron, protein, and something else I can't remember. She asked a million questions, a lot of them repeats of the 52 kiosk questions. She marked my finger with some invisible blacklight ink, and explained that the other place, CSL, marks a different finger - so they'll know if you're trying to double-donate. She checked my arms for "bruising" (aka track marks), checked my eye dialation, felt my stomach, and asked my favorite question - "Do you want a snack?" Well heck yeah! So I got some pretzles and a Powerade. Then I had to listen to some guy read 23 statements about the process of donating and answer "Yes" that I understood. That part made me feel good because I know some of the other clients are probably not the strongest readers, and by listening to the information it was assured that everyone had access to it. + +Before I left that room, the physical lady gave me my Visa card and explained how to set it up and everything. **HERE'S THE BEST PART:** they pay you according to how much you weigh and fat people get more!!! My time has finally come! + +FINALLY, I got to go back to the donation floor. It's a giant room with rows of recliner-ish chairs. They kind of reminded me of those zero-gravity lawn chairs you can get. The chairs each had a USB port and a plug, so you could use your laptop or charge your phone. There were also big screens throughout the room in case you wanted to watch TV. I'd say there were about 40 seats? The whole thing looked very dystopian, but very clean and legit. + +I was directed to a specific seat and the person in charge of that section came over and prepped me for donation. They verify your name and DOB. YOu can choose which arm you wan to use - I gave from my left the first time. They rub you down with iodine and then jab you with the needle. It was a slight pinch, but not painful at all. Then they start the machine running. You have a blood pressure cuff on and while the cuff is tight you're supposed to squeeze and release your fist - that's when the blood is coming out. When the cuff loosens, you don't have to squeeze any more - that's when the leftovers are getting put back in. The machine cycles through the whole time you're hooked up. Once you're done, the person removes the needle and puts some gauze on the site (at my place they wrap it liek a hundred times with bright tape, so if you like attention you can definitely get some!) The they make you sit up for a few minutes and drink another Powerade. Finally they let you get up and leave. The donation part probably took an hour all together on my first try. + +From start to finish the staff was **incredibly** nice. + Afterwards I felt perfectly fine. I did drink more water as per the instructions, but didn't have any problems. Later that night I checked the Visa card balance and sure enough there was 50 buckaroos on it! + +That was all on Saturday. Today I went for my second donation after work. I went straight to the 52-question kiosk and that checks you in. Your name appears on a big screen in the waiting area - like an arrivals board at the airport. I didn't wait long at all, then went back for a mini-health screening (weight, temp, blood pressure, finger prick, check your fingers with a blacklight and re-mark you.) From there I went to the donation floor and got hooked up. Today it actually took 2 hours from start to finish, but I don't think that's typical and I'm pretty sure it was my fault. I think I moved my arm and jostled the needle so I was less "flowy." People who came in after me finished before me. My best estimate is that you can probably get in and out in a little over an hour. + +All in all, whoever wrote that original post was right - donating plasma is easy and you get cash money. AND you're helping someone who really depends on it. There was a poster in the donation room that said it took 1200 donations per year to treat *one* patient with hemophilia. That's crazy! + +So today is just the usual hedgies BS. Oh down instead of sideways, how original kenny. + +At my favorite Mexican fast food. Sitting at my table munching down my arm sized burrito (no seriously, full grown male forearm). I hear another guy order the same burrito and look over to see who this fellow legend is. I see a red headband and medium length dark hair. I chuckle and go back to eating. Ive been hanging out on reddit to much i think to myself. + +He sits to wait for his order and then I see his shirt. “Buckle Up” in gamestop logo color pattern of white and red. It all clicks. The headband, the hair, the shirt. This dude was in full DeepFuckingValue cosplay. + +Let me tell you that made my DeepFuckingDay. + +It was a tangible reminder its not just me and some keyboard warriors. We are everyman, we are EVERYWHERE even if most of us go unseen and undetected. + +I hope this post finds that dude as im sure he is on here. Your one beautiful bastard, see you in valhalla. + + +EDIT: 2k upvotes!? Y’all are are some OOGA BOOGA BADASSES! +I need make back this 3k before Jan 2019 before my parents check it. I have 500usd right now. Can I make it ? How many lots should I use ? Please help. +I live in the UK and heard that you are best trading currencies in your time zone. As i am still learning forex i have narrowed my list down to these 5 pairs to use different strategies and find the best one. I would love to know what is the best time of day to trade GBP pairs and why? +Hi, I'm an okay investor, I've made some money, and I have eaten sh*t as well, I currently have 3 ETF's in my portfolio: +QYLD +EWJV +POTX +Would this be a good start? +I have $200 left over from my stimmy that I put in my brokerage account, should diversify, or just add to my current ETF's? I'm not the smartest person (I did buy GME), but I'd like to become better, and be able to build income from this. Sorry if this seems like a stupid post, but screw it, any input would help, Thank you! +Are there good analyses or books on this leveraged investment: writing a naked put vs buying a stock on margin? + +They are related, but not exactly the same. For example: + +Writing a naked put has limited upside. But can earn interest on the credit from the option. + +Buying shares on margin has unlimited upside. But need to pay margin interest. + +What are the factors that should be considered when doing one vs the other? For example, the delta or strike price of the put will matter a lot. Am looking at writing 0.3 delta puts, compared to buying the underlying on margin. + +I understand the downside risk of doing anything leveraged. Am specifically interested in comparing these two. + +Interested in hearing your feedback! +Just a reminder to LTD Company directors that you can purchase 6 x £50 (£300 total) gift vouchers as trivial benefits, tax free. Make sure they’re separate vouchers or it won’t count. + +https://www.gov.uk/expenses-and-benefits-trivial-benefits + +I’ll be buying Amazon as I spend plenty of cash there already. Enjoy! +I'm sure this isn't the right sub but it is money related, I am very lost on how to sort my money out. + +I'm rounding to keep it simple. + +I make 1400 a month, my bills are 1200 a month, I don't know how, I'm fucked, I've tried so many different approaches including trying to find another job, I don't eat the last week of the month so my kids have got food. + +My missus isn't able to work because of health issues and looking after the kids so for every extra quid I make they take like 70p off of her benifits so I'd have to have a pretty substantial gain for it to matter. + +I've taken pretty much all luxuries away from myself and today I cancelled my Spotify. + +Getting rid of the car isn't an option, I can't take a loan out for some reason and even after looking at that I don't think that would really help much. + +I know I'm ranting but I am genuinely lost, Christmas is definitely off the table, I need help. +Edit: this went way bigger than I expected. I appreciate all the awards and keep reaching out to the creators you know and love! Can’t wait to see how this plays out with GameStop! + + +Edit 2: Added Ethans Reddit username and adjusted the photos links. Somehow the format got jacked up and the images weren't showing. + +Ethen S. Brewerton (Twitter: @EthanSBrewerton / Reddit: u/xCentumx) is a Fucking savage that makes the art for the Mecha Chaotic NFTs that look like this: + +&#x200B; + +https://preview.redd.it/qf9c62hhms881.png?width=3900&format=png&auto=webp&s=657e2c63cbbbe31bcf015934c14af552456683d2 + +&#x200B; + +https://preview.redd.it/ebc7vqgjms881.png?width=3900&format=png&auto=webp&s=4994893f19a04285a4083babdf2c78db5a7c2214 + +And this was his response: + +&#x200B; + +https://preview.redd.it/mefvx78lms881.png?width=1284&format=png&auto=webp&s=20f2b3460eb90665ab5857f5997a8dee70d631a5 + +Then it suddenly hit me, this is a ridiculously talented artist, I don't know him and he doesn't know me. We have never connected on GME and I have no idea if he's invested in the our favorite stonk or not. But regardless it dawned on me that there are SO many more people plugged into what GME is doing in the NFT space than I think most of us realize. The NFT community moves incredibly fast and requires everyone to keep up on any and all things progressing the sector. I don't really know many people but lurk in the NFT space a lot. To have the one guy I think has a metric fuckton of talent already moving on the GME Marketplace to me is uber bullish. Outside the stonk price, outside the hedgie dickbags, outside MSM, outside of all the bullshit noise, the NFT space is hyper focused on what's happening and holy shit my nips are ice cold. + +We about to go nuclear apes... +Edit: this went way bigger than I expected. I appreciate all the awards and keep reaching out to the creators you know and love! Can’t wait to see how this plays out with GameStop! + + +Edit 2: Added Ethans Reddit username and adjusted the photos links. Somehow the format got jacked up and the images weren't showing. + +Ethen S. Brewerton (Twitter: @EthanSBrewerton / Reddit: u/xCentumx) is a Fucking savage that makes the art for the Mecha Chaotic NFTs that look like this: + +&#x200B; + +https://preview.redd.it/qf9c62hhms881.png?width=3900&format=png&auto=webp&s=657e2c63cbbbe31bcf015934c14af552456683d2 + +&#x200B; + +https://preview.redd.it/ebc7vqgjms881.png?width=3900&format=png&auto=webp&s=4994893f19a04285a4083babdf2c78db5a7c2214 + +And this was his response: + +&#x200B; + +https://preview.redd.it/mefvx78lms881.png?width=1284&format=png&auto=webp&s=20f2b3460eb90665ab5857f5997a8dee70d631a5 + +Then it suddenly hit me, this is a ridiculously talented artist, I don't know him and he doesn't know me. We have never connected on GME and I have no idea if he's invested in the our favorite stonk or not. But regardless it dawned on me that there are SO many more people plugged into what GME is doing in the NFT space than I think most of us realize. The NFT community moves incredibly fast and requires everyone to keep up on any and all things progressing the sector. I don't really know many people but lurk in the NFT space a lot. To have the one guy I think has a metric fuckton of talent already moving on the GME Marketplace to me is uber bullish. Outside the stonk price, outside the hedgie dickbags, outside MSM, outside of all the bullshit noise, the NFT space is hyper focused on what's happening and holy shit my nips are ice cold. + +We about to go nuclear apes... +Blockchain technology has been in use for some time now. The development of blockchain solutions using a regulatory approach to enable greater adoption of security tokens has been a much heated debate over whether it will survive or not. Tokenized securities have to comply with legal regulations like conventional securities law. Regulatory oversight combined with blockchain provides enhanced transparency and greater investor protection. + +An STO is a process of issuing a tokenized security, which is the digital representation of a security asset in the form of a digital token on a blockchain platform such as asset-based tokens, representing ownership of an asset like real estate. STOs can increase both the demand and supply side of investments. On the demand side, the enhanced transparency features of blockchain can further increase investor confidence. + +I am of a similar view to some in the RE industry that tokenization reduces investor risk and can be scaled to a sufficient size to allow investors with liquidity constraints to participate(small investors like myself). An important feature of the blockchain architecture is disintermediation, now almost anyone can directly and transparently interact without the need for a central authority. Because compliance is built into the core of the Polymesh blockchain, issuers and investors benefit from faster processing and lower protocol fees + +Real estate is regarded as one of the safest kinds of investments, with the highest returns, the average individual may struggle their entire life just to own a home much less invest in an apartment or commercial property, and with tokenization, the landscape may begin to become more level. Real estate tokenization has become easier and will continue to, especially with polymath technology involved in the process. + +I hope I am not wrong on this one but tokenized real estate will be the next big money maker for a lot more people. As the technology gets clearer and more the complexities are streamlined we will soon see the door pushed wide open by more industries looking to come in. Given that the entire point of blockchain tech is decentralized, I struggle to see tokenization without some kind of centralization and I foresee nearly all crypto ending at this same spot? + +What are your thoughts on this one? +We are OOS owners and we've recently signed on with a new PM after transitioning from STR to long-term tenants due to local STR rules changing. During our initial meetings, I pointed out a few things that would need to be addressed/repaired before the property would be rent ready. Some at the request of the PM. + +A couple days later I receive an email from their onboarding specialist asking when I could meet them to take marketing photos. I explain that before photos could take place there was a list of items that need to be addressed before we are ready to list. I attach a SOW so that we are all on the same page. + +In reply, I get an email from their CEO, with what I feel to be a contentious tone, stating essentially 'we don't do that, we aren't project managers.' Fair enough, but I didnt ask them to make the repairs. It seems to me there was a miscommunication. + +On top of that, he informed me that they wouldn't participate in getting the property ready to rent even by verifying that the work was completed. Being OOS, we were hoping that our PM would be a teammate and our eyes and ears. + +Am I crazy to think that a PM would want to help facilitate getting the property to market sooner rather than a we don't do that response? Should I see this as a red flag for future problems that may arise? + +Really torn on what to do here. Please tell me if I'm being unreasonable. +I just watched [this video] (https://www.youtube.com/watch?v=yVzAC7mLxJw&feature=youtu.be) in /r/videos. A man on the subway buys a flower lady's flowers and asks her to give them out. It was $140 which makes no difference to most of us but huge difference to others... + +I want to do more of this but I'm too shy -- need to get over that. Anyway, wanted to share here. +A house in Haberfield in Sydney sold at auction on the weekend for $7.02m. I’m stunned. How is this even possible? + +https://www.domain.com.au/17-waratah-street-haberfield-nsw-2045-2017203446?utm_source=www.domain.com.au&utm_medium=sharelisting +I am 28 and I will be moving from my public sector job to the private sector in the new year. My salary will pretty much double and my new salary will be 80k plus 10% bonus and lots of other perks - healthcare, dental, gym allowance etc. + +This will be the first time in my life I’ll actually have enough to income to really have a decent savings account and money I can set aside to invest. I would like to buy my first house in a few years too. Any advice for just where to start, which books to read, basics of saving and investment? Thank you. +I’ve seen many stories about traders making tons of money on the market, and I know that those big hedge funds have quantitative specialists. + +I tried automated trading on Forex back in 2011 and failed miserably, I used only tech analysis and some primitive indicators, such as MA, RSI, momentum and few others. After that fail I had an impression that making profits on the market is only an option for big companies (I’m not talking about long term investments here ofc). + + +However, recently I started to see some activity in this area and I started to think that I might be wrong. Is there anyone here who has been profitable for at least a year with automated trading systems? +As the Fed caused a bit of a ripple in the market today and I considered vacating a position (but ultimately didn't). I thought a little bit about my journey over the years and thought I'd share a story and a few things I've learned. + +Back in 2003, I made my first move in the stock market by taking an $1800 tax return and buying 200 shares of a coal company called Consol. At the time it traded under the symbol CNX. I bought it with almost no DD simply because it paid a pretty good dividend. (Around .50/share if I recall correctly.) This is back when internet trading really wasn't a thing. I bought it through my bank and the trade cost me **$40**! (I actually had to call a broker at my bank and place the trade over the phone. Ancient times, right?) lol I figured, win lose or draw, eventually this stock will pay for itself with the dividend. I didn't follow the market much after that because I was really holding for the dividend, but realized a couple of years later, it had climbed into the 30s. Around 2007 it had hit 55 and I decided to sell. Still with my bank, the trade cost me another forty bucks! I took the money and put it in a basic savings account where it basically sat doing nothing until 2016. (I missed the crash of 08, by being liquid at the time, but this was pure luck. Nobody saw that coming.) + +In 2016, after some reading I decided I had more confidence in trading so I took the money and opened an investor's checking/trading account with Charles Schwab. *I was amazed at trades costing $4.99 and done on my laptop*! lol After quite a bit of DD I decided to buy 300 shares of NVIDIA. At around $24 a share, it cost me about $7200. (I took the rest and made a down payment on a new (*used*) car and an AK-47.) lol... + +After that, I just held the stock. Diamond handed it as the kids say. I've bought and sold quite a few other stocks over the years, but those two trades are where I started. Two trades over the course of 17 years turned an $1800 tax return into a nice safety net worth over $200,000 with almost no effort on my part. + +What have I learned? + +Even a small amount of money in the stock market can lead to a big return. But don't invest more than you can afford. For me, a tax return one year was about all I could throw at it in my 20s. "YOLOing" your rent check is never a good idea. + +Be PATIENT. You're not going to get rich overnight. That type of thing is rare and risky. Do your DD and hold onto what you're confident in. + +When the market takes a downturn, **BUY!** One of my biggest regrets is not investing heavily in 2008 when I was very liquid and the market had taken a nose dive. I did not repeat this mistake last April/May when the pandemic caused another crash. I bought everything I could. Particularly old giants like Ford, and GE which were no brainer bargains at >$5. The worst thing you can do is panic sell. The market will come back. Hold on and accumulate. (I actually figured it might take 2 years for a comeback this time, but we bounced back much earlier.) This thinking is what got me to hold the position I was thinking of bailing on today, when I realized I would just be panic selling in advance of some Fed news. Regardless of the news, the market would bounce back. + +Never let savings sit in a traditional savings account. (*like I did for 8 years from 2007-2016...lol)* Even if compound interest is all you're after, there are much better rates with other financial products. + +Be patient, *but don't be afraid to take profits*. Don't fall in love. Have an exit plan. I sold Consol around 55 with a 9 entry. Pretty good... Later that same year, it climbed into the 90s. Made me wince, but I didn't regret it. *Unless you have a crystal ball, you're never going to enter at a historic low and exit at an all time high and that's ok.* I realized at the time that coal was cyclical and was most likely going to decline in value in the coming years. I stuck to the plan. When I saw a spike, I sold. For perspective, that high in the 90s in 08 hasn't been repeated since. Consol trades in the high teens now and offers no dividend. (New ticker CEIX) So in hindight I exited on a bubble that could have been better, but if I waited too long, it could have been much worse. + +It's never too late to start. If you look at those two simple trades over the span of 17 years, you could potentially do the same thing in your late 40s with a small amount of money (*remember nothing you can't afford to lose)* and have a decent nest egg by the time you hit 100% retirement in your 60s. + +I hope to have given a little insight here. I thought it was worth sharing. If you disagree, don't be too hard on me. I'm not a financial professional... :D + +Have a good'un! +Yesterday seemed like a decent bounce in the market. Being that QQQ and SPY have been in recession territory do you all think we are close to a bottom yet? +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include, but are not limited to, general discussion, details related to events of the day, technical analysis, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! +I work as an for a tech company in the midwest. I am 25 years old and my current salary is 70k. + +My manager is an extremely smart and qualified individual because of this it has always been expected that he will not be sticking around for long. My manager's boss has been considering who on our team could fill his role when he eventually left and I have been repeatedly told that I would be the best fit and have been trained/groomed with that in mind. Now the time has finally come, my manager has accepted a role at another company and he will be leaving within a month. From what he's told me with his discussions with our boss and director I will be asked to fill the role. + +The advice I'm looking for is for a salary discussion. I know that my manager is currently making 110K with a 10k yearly bonus so about 120k a year. However I am not delusional, I do not expect to be paid the same amount because 1. He has more work experience in IT than I have been working in general. 2. He has a master's degree and I am a college dropout. + +That being said, I do personally believe I am the best person to fill the role and I don't want to be doing the same work for a massive amount less. I also know that they already have that money in the budget so they will essentially be pocketing whatever is left over. The number I have been playing around with in my head is 95k(85K base +10k bonus) which would be a 35% raise and leave me at about 25k less than he's making now. I beleive this is a fair number but I want to get any advice on if I'm asking for too much/little. +So this is day 3 of the non-stop tweeting.. today’s dumpster fire of tweets appears that they are presenting their case/evidence to the court of public opinion and being annihilated in the comments. I can’t bring myself to believe that any attorney would sign-off on this approach and standby to watch them burn.. Any lawyer apes have a guess as to what is happening?! Did Kenny fire his internal counsel and now taking matters into his own hands?! +Wife and I are going back and forth with having an accountant do our taxes this year. We bought our second property in 2020. My hope is that if we got an accountant he can help us get set up for 2021 to run more like a business and less “mom and pop”. At what point did/will you get one? +By way of some background, I (35M, Sydney) didn't take my education, career, finances or future seriously as a youngster. I did terribly in the HSC and got a job in a call centre straight out of school where I felt stagnant and unfulfilled whilst earning $50k pa at the ceiling. I made the decision to change careers in my mid 20's and went to uni to study law (note: though I do highly advocate that it's never too late to make big changes to better your life, I personally wouldn't recommend law as a career option in hindsight - but that's another story). It's been a tough decade since then of mature age education, training, work experience, and sacrifices, but I've been working full time now as an in-house lawyer for about 4 years and my current salary is $140k-$175k pa (depending on profit share). + +I guess that's some context to the purpose of my post. I currently have a super balance of $120k with AusSuper (invested in 100% international shares). I have $140k in a "HISA" which I've been saving for a property deposit, but I am increasingly moving away from the idea of home ownership towards more of a passive long term investment strategy. My plan is to keep a $40k emergency fund, and invest the remaining $100k in ETFs with a 70% VGS + 20% VAS + 10% VGE split. Online brokerage through SelfWealth, and I plan to purchase more ETFs in $5-10k blocks as I continue to save. + +I also have $5k in Spaceship (universe portfolio), which I don't plan to add to (set and forget, opened out of curiosity). + +Not sure if it's obvious, but I (somewhat regretfully) only started educating myself about investments and financial independence over the past 6 months - though I have been saving for a while. This reddit community has definitely been hugely informative. + +It would be great to get your views on the above approach, particularly with respect to portfolio diversification aspect. Also, how would you go about purchasing the initial $100k of ETFs - would you buy them all in one go, or spread out your purchase into periodic blocks (which I tend to think is the less risky approach). + +Many thanks +**TL:DR - We have evidence that MSM were provided with information as pertaining to the DTCC committing international securities fraud, but news outlets (like the BBC, who are publicly funded) still haven't reported this as news. Third party investors and corporate ownership could potentially be the reason why. Also Bill Gate's name pops up.** + +**EDIT**: If you liked this, the "FINKLE IS EINHORN DD" explores many of the topics covered in this post in **magnificent** detail, go give it a read: [https://www.reddit.com/r/Superstonk/comments/owpfc3/will\_the\_real\_gme\_bbemg\_please\_stand\_up\_part\_1/](https://www.reddit.com/r/Superstonk/comments/owpfc3/will_the_real_gme_bbemg_please_stand_up_part_1/) + +................................................................ + +So about a month ago, I uploaded this post: + +https://preview.redd.it/6r0lychw1jl91.png?width=1104&format=png&auto=webp&s=c713d564bfe7634378195e9e4a0c46148497910a + +\[[source](https://www.reddit.com/r/Superstonk/comments/whkrz2/the_dtcc_has_committed_international_securities/?utm_source=share&utm_medium=web2x&context=3)\] + +In which outlined, in an informative but easily digestible manner to respective journalists worldwide, how the **DTCC committed international securities fraud** in July 2022, and within that letter, evidence to support said findings. + +As a result of this sharing this post - many, many apes distributed this to various MSM news outlets **all** **over the world** and yet, despite having gained over 1.2m views and 1.1k shares - not a single word has been uttered on this subject any media outlet within a whole month. + +Seriously. Nada. + +To add insult to injury, it seems that the news outlets are literally finding anything else to report on than the actual news. Go figure. + +[Classic FOX news.](https://preview.redd.it/mm200eiw1fl91.jpg?width=640&format=pjpg&auto=webp&s=fad12c099988d25747945aed9b6e17378e037fe2) + +So what's the deal with that? + +Well. + +In an attempt to address that question, I thought it would be best to start looking into those who own the media outlets and explore this as a possible reason for the radio silence on this subject. + +# Corporation Media News - Here's Looking at You, Kid. + +**Let's start with Forbes.** + +I recently became increasingly aware of Forbes when this post hit the front page: + +"**🚨SEC looking at DTCC?🚨On Aug 23rd, SEC proposed a new rule titled “Clearing Agency Governance and Conflicts of Interest” which SEEMS to overhaul conflicts mitigation rules for SROs like DTCC in a GOOD way."** \[[source](https://www.reddit.com/r/Superstonk/comments/wxyzlv/comment/ilugcvr/?context=3)\] + +Good news, right? + +Funnily enough, at the same time, Forbes released this article: + +https://preview.redd.it/mwu95ch59fl91.jpg?width=640&format=pjpg&auto=webp&s=4555ba250353e4508141c4cb281e7ced3a9a2d60 + +\[[source](https://www.reddit.com/r/Superstonk/comments/wxhbtf/so_the_media_is_turning_on_gary_gensler_is_he/?utm_source=share&utm_medium=web2x&context=3)\] + +Fun fact - this article has since been *deleted*.... I'll let you draw your own conclusions as to why. But then it reminded me of some of the other 'hit' pieces that Forbes have also published in recent weeks: + +https://preview.redd.it/zm0vbsvfjfl91.png?width=1046&format=png&auto=webp&s=9b5cf256eb9ca45c209be90b489f4a8891a93bad + +[source](https://www.forbes.com/sites/paultassi/2022/07/12/gamestops-nft-marketplace-is-here-and-it-is-bleak/?sh=639bc8bd7ab4) \- Jul 12, 2022 + +[source](https://www.forbes.com/sites/jonmarkman/2022/07/11/why-its-finally-game-over-for-gamestop/?sh=461b75165a50) \- Jul 11, 2022 + +Now why would **Forbes** consistently have such disparaging things to say about our beloved company and stock? Hmmm. + +I'm sure it has absolutely *nothing* to do with this: **Forbes is owned by Integrated Whale Media Investments.** + +Oh and would you look at that: + +[ I wonder why Chinese owned US news source is calling for Gary Gensler to resign...](https://preview.redd.it/o9djq26mafl91.png?width=1670&format=png&auto=webp&s=0f3844abf95caa4fd469a437a7607dd53ceec881) + +Now this post isn't dedicated to the financial pickle that China are currently in, but if you're looking to learn more about that subject - feel free to check out these two videos: [\[1\]](https://www.reddit.com/r/Superstonk/comments/v0sh7k/to_better_understanding_the_scale_of_evergrandes/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) [\[2\]](https://youtu.be/YBBnQmRcRI4) but it does make you wonder, are Integrated Whale Media Investments in trouble? + +Even The Washington Post is voicing their suspicions - **"Chinese ownership \[of Forbes\] is raising questions about the editorial independence of a major U.S. magazine"** \[[source](https://www.washingtonpost.com/news/democracy-post/wp/2017/12/14/chinese-ownership-is-raising-questions-about-the-editorial-independence-of-a-major-u-s-magazine/)\] + +Now I hear you barking big dog. Pretty rich for the The Washington Post to be calling out any other media platform, and why is that you ask? + +Guess who owns The Washington Post? I'll give you a clue. He's a big inspiration for articles like this: + +[Try not to throw up in your mouth when getting through this one. ](https://preview.redd.it/ezfanzy6cfl91.png?width=1396&format=png&auto=webp&s=62f90c9977d283cb0d6dd5155112b6c3697b50e8) + +\[[source](https://www.washingtonpost.com/opinions/2021/07/13/billionaires-space-race-benefits-rest-us-really/)\] + +No it's not Richard Branson, but.... drum roll please... + +# JEFF BEZOS! + +[He really went for the whole space cowboy thing, didn't he?](https://preview.redd.it/lk4e2pafcfl91.jpg?width=1200&format=pjpg&auto=webp&s=433b0d76f1d75defa65c95db8b1fcf80b2aa6a34) + +And ya know, since he's owned the publication *(purchased in 2013 for $250 million)*, The Washington Post has been pumping out totally objective articles - just like these! + +[I still can't believe they published this.](https://preview.redd.it/rd5walz3dfl91.png?width=1242&format=png&auto=webp&s=bccd6d1cb8af52c3f64ed59dd7fffaac321fc918) + +\[[source](https://www.washingtonpost.com/opinions/2021/01/30/good-guys-gamestop-story-its-hedge-funds-short-sellers/)\] + +Yikes. + +But there's more! Even Kenny has a slice of the action. Oh, you know Kenneth Griffin - he's an American hedge fund manager and the founder, chief executive officer, co-chief investment officer, and 80% owner of Citadel LLC, a multinational hedge fund. He also **perjured himself during a US House of Representatives Financial Committee hearing whilst under oath.** + +You can read more about that here: + +[http://www.kengriffinlied.org/](http://www.kengriffinlied.org/) + +[https://www.kengriffinlies.com/ken-griffin-lied-under-oath-perjury-claim/](https://www.kengriffinlies.com/ken-griffin-lied-under-oath-perjury-claim/) + +But Kenny doesn't want you talking about that. And what's a sure fire way to ensure that the information getting out about you is properly managed? Well, I'm no expert on the matter but I should imagine owning a rather lot of shares in NewsCorp would certainly help: + +&#x200B; + +https://preview.redd.it/9qnxai2l2jl91.jpg?width=611&format=pjpg&auto=webp&s=e1485ef2a8ebdbd21596089f0447c6f562b22028 + +\[[source](https://www.reddit.com/r/Superstonk/comments/ry7uzm/one_guy_owns_all_of_the_top_news_companies_i_mean/)\] + +And what does Newsgroup cover I hear you ask. Well, it's a lot. Here's just a sample few: + +[Find out more here - https:\/\/newscorp.com\/ ](https://preview.redd.it/q0816g5defl91.png?width=2578&format=png&auto=webp&s=3a6c98f8fbeaa574a9e9ec691ec5e87f47b4d721) + +Oh look, Marketwatch! That's a familiar name around these parts, isn't it? + +This is just the tip of the iceberg, and if any apes want to explore further down this rabbit hole of discovery - well, to start you on your journey, here are a bunch of other billionaires who own media publishers: [https://www.investopedia.com/billionaires-who-bought-publishers-5270187](https://www.investopedia.com/billionaires-who-bought-publishers-5270187) + +................................................................ + +**SUMMARY PART ONE - Seems that quite a number of news corporations around the world are either owned or invested heavily by some big name players, including Jeff Bezos and Kenneth Griffin.** + +................................................................ + +But I digress - weren't we talking about **the DTCC committing international securities fraud?** + +Seemingly this should be front page news spreading like wildfire throughout the financial world - and seemingly the corporate elite have no desire to inform the public of this, despite having already been provided evidence that the DTC are unable to perform their duty as custodians of the shares they manage. + +So who do we turn to to **represent the people**? + +Perhaps the publicly funded news outlets can help us, I mean - they are paid by the tax payers, so they should be unbiased in the news they provide to the people, right? + +# BBC, come on down! + +So let's go back to the letter that started all this - [here](https://www.reddit.com/r/Superstonk/comments/whkrz2/the_dtcc_has_committed_international_securities/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) ^(()*^(please consider reading and sharing if you haven't already)**\*\*\*\*\*\*\*\*)* + +Now the really fun part of sharing information like this is that due to the valiant efforts of apes everywhere, outlets can no longer reasonably deny that they were unaware of these facts before - well, everything starts falling in on itself. + +And thankfully, we have evidence of exactly this. Apes keep receipts: + +https://preview.redd.it/66ysk17ilfl91.png?width=650&format=png&auto=webp&s=8a11633d617f46cdbafbe7c2b72eee710a3ada85 + +\[[source](https://www.reddit.com/r/Superstonk/comments/whupfa/we_cant_let_them_plug_their_ears/?utm_source=share&utm_medium=web2x&context=3)\] \[[source](https://www.reddit.com/r/Superstonk/comments/whonr3/im_doing_my_part/?utm_source=share&utm_medium=web2x&context=3)\] + +So being that 'plausible deniability' is no longer an option for corporations, like the BBC here, there is now an onus (particularly with publicly funded ones) for these corporations to act within necessary media, ethics and regulation laws to fulfil certain social and moral obligations as are indebted to their public. + +***\*\*And I encourage everyone here on reddit to share their sent correspondence so it’s recorded as evidence forever on*** u/Elegant-Remote6667 ***'s magnificent site:*** [***https://www.apehistorian.com/***](https://www.apehistorian.com/) + +Now this hasn't been the first time I have reached out to the MSM in regards to one of their pieces. If you remember, this [letter](https://www.reddit.com/r/Superstonk/comments/wfz1aw/the_bbc_referred_to_gamestop_as_a_meme_stock_so_i/) was previously sent to the BBC in regard to their coverage of the AMTD Digital\*\* spike in which they referred to GameStop as a **‘’meme stock’.** + +*\*\*In case you've forgotten, it's where some unknown ticker became the 25th Largest Company in the world – larger than Pfizer, Coca Cola, Bank of America, Shell or McDonalds - in the space of about 2 weeks. Crazy, huh?* + +Again, it would surprise no one to tell you that not only did I **not** receive a reply but my email account was locked out supposedly due to sending a correspondence that was flagged as 'spam' (and that went against my service providers T&C's) which only leads me to believe there was more than one of us that sent that same letter (again, well done guys - keep applying the pressure). + +So focusing on the role of the BBC, being that I'm a British ape, the BBC's a **publicly funded company** and it's referred to as a 'trusted' source in our country, I'm hoping to delve a little deeper into whether this is an accurate portrayal of how this news outlet performs and invite you to critically assess the role of the MSM in your own respective countries. + +First check out some of those social and moral obligations I mentioned earlier, in the BBC's self declared mission, values and public purpose statement: + +[All readable here! https:\/\/www.bbc.com\/aboutthebbc\/governance\/mission ](https://preview.redd.it/vt684zcjqfl91.png?width=702&format=png&auto=webp&s=309da0771ef928789b2236c8a937dfdb9f78ba0f) + +So taking this on board, as the BBC strives to convey this image to the public in which they uphold the value of journalistic integrity **very seriously,** and quite rightly so, we must apply this when we consider the scope of what the BBC have already done to cover the GME saga thus far. + +I mean, it must be somewhat news worthy - especially as it seems [Blackrock](https://www.reddit.com/r/Superstonk/comments/x3jox4/who_needs_college_when_wikipedia_is_free_netflix/?utm_source=share&utm_medium=web2x&context=3) have commissioned a movie that's going to be broadcasted on [Netflix](https://www.reddit.com/r/Superstonk/comments/wwm1cv/coming_to_netflix_on_september_28_eat_the_rich/?utm_source=share&utm_medium=web2x&context=3) before the end of this month, and there's a [second one](https://www.reddit.com/r/Superstonk/comments/x3gkxv/looks_like_one_of_yall_has_been_cast_as_pete/?utm_source=share&utm_medium=web2x&context=3) in the works. + +So must be worthy of at least some coverage, eh? + +[Seems there's room for improvement here.](https://preview.redd.it/20719a2fjgl91.png?width=716&format=png&auto=webp&s=491d77477bdc7797229a8df251899c60b16b8ac1) + +But alas, nothing really hard hitting. It loosely skirts around the edges of *some* subject topics (seemingly negative at times) without saying anything definitive or ground breaking. You'd think they'd be biting your hand off to report on something as big as the **DTCC committing international securities fraud** but instead, after scrolling through a few articles - the reporting is mostly reflective of a desire to sit comfortably on the fence, but that's just one person's opinion. + +But rather than get bogged down with a few lacklustre articles discussing our beloved company, let's focus on the facts. Why aren't the BBC reporting that the **DTCC committed international securities fraud**? Again, you can read the letter [here](https://www.reddit.com/r/Superstonk/comments/whkrz2/the_dtcc_has_committed_international_securities/). + +And we certainly can’t pretend that the MSM don’t spend every waking moment trawling through this forum. Just look at how CNBC created a dedicated news segment to "justify" themselves after Reddit's response to cutting off their guests immediately for mentioning “shorts covering” [here](https://www.reddit.com/r/Superstonk/comments/x1qgr9/its_glorious_cnbc_feeling_the_need_to_explain/?utm_source=share&utm_medium=web2x&context=3) + +We see you, hello CNBC 👋 + +But we're not here to talk about them, I'm here to talk about the BBC and recently, the BBC had a change in News CEO (her background previously in the states), so we welcome to the floor - Deborah Turness. + +[So this is the woman in charge. Always nice to have a face to the name. ](https://preview.redd.it/3tzpxptf3jl91.png?width=1172&format=png&auto=webp&s=3fba0df82f1d05941a5a8ecdd230756f04c419b2) + +To quote [this](https://www.bbc.co.uk/news/entertainment-arts-59895030) BBC News article directly, Tim Davie, the BBC's director-general, said this about Turness: + +"She is a **passionate advocate for the power of impartial journalism** and a great believer in the BBC and the role we play, **in the UK and globally**. She will do a brilliant job of leading our news and current affairs **as we deliver on the BBC's public service mission in the digital age**." + +Woah. + +That's quite the endorsement. + +She became CEO as of January 2022, so already being 9 months in - I can't wait to see more of this 'impartial journalism' in action. But no rush Turness, I can see why reporting that **the DTCC committed international securities fraud** is currently on the back burner when hard hitting articles like this are in contention, and already published online: + +[Don't worry, cow got out just fine thanks to the fire crews. Nice one lads.](https://preview.redd.it/84qtrkijogl91.png?width=1276&format=png&auto=webp&s=05d2bf3583b305a23dcb9f145fdb6c632b6318d6) + +To state clearly, I know nothing of this woman personally and don't wish to express an opinion in relation to her. But what I do know is that should the BBC continue to withhold this information (for whatever purpose) from the general public and proactively decide not to report the news - being that **the DTCC committed international securities fraud** (which is, ya know, kind of a big deal) - the CEO of the BBC News will have to acknowledge their role in the criticism as will follow. + +After all - **accountability** is stated as a core BBC value within their operational [mission statement](https://www.bbc.com/aboutthebbc/governance/mission), and I could not agree more with the importance of **accountabilty** here. + +Especially when the tax payers are forking out for her £400,000 [annual salary](https://deadline.com/2022/01/bbc-news-appoints-itn-boss-deborah-turness-as-ceo-1234905180/). + +................................................................ + +**SUMMARY PART TWO - The BBC, as a publicly funded organisation recently brought in a new CEO, Deborah Turness. Under her leadership, we are still waiting for the BBC to report on the news being that the DTCC committed international securities fraud. Not reporting this goes against the BBC's own declared values and the public interest. Seems a cow getting his head stuck in a tree makes the news, but fraud in the US stock markets doesn't.** + +................................................................ + +So this takes me on to my next point. + +Assuming that, for whatever reason Turness hasn't lead the charge on revealing this **GROUND SHATTERING** information to the general public, it might be an idea to consider if there are any people standing behind the curtain pulling the strings. + +Credit where credit is due - [**Jinglekeys100**](https://www.reddit.com/user/Jinglekeys100/) shared this link with me, and I must say - it inspired the creation of this entire post so thank you for that. But have a gander, this came as new information for me - and might be for you too: + +https://preview.redd.it/o0mup7h5ifl91.png?width=1518&format=png&auto=webp&s=bf0e573e7de6480de26afe023d58bddb7e085ab8 + +\[[source](https://www.bbc.co.uk/mediaaction/about/funding)\] + +Now for full disclosure, this accounts for the funding issued to the BBC for 2019-2020. I've tried to find updated sources but it seems that the BBC haven't published this, or has published it in a way that isn't easily findable/accessible online... *sigh*. So if anyone has an updated source, please share and I will upload here. + +But on the basis of this model as above, it's certainly interesting to see just how many donors there are in total, and I would be curious to know just how much money these investor have since added in the last two years, not to mention any potentially **new** donors now helping to finance the BBC. + +But there's one name that stuck out there for me here. + +# The Bill & Melinda Gates Foundation. + +Now where have I heard that before? + +Oh yeah, I remember. Wasn't there some conversation not that long ago to suggest Bill Gates was short on GME? + +Now as I can only document the facts here, and for objective writing purposes I must mention that Bill Gates has previously stated that he is **NOT** short on GME ([sauce](https://uk.investing.com/news/stock-market-news/bill-gates-answers-how-short-are-you-on-gamestop-gme-2654290)). That said, I think it's always better to draw your own conclusions based on research/fact rather than accept claims on face value from the accused - and besides, not like it's the first time anyone has ever has lied, is it? ^(\*\*Ken Griffin, cough cough) [^(https://www.kengriffinlies.com/ken-griffin-lied-under-oath-perjury-claim/)](https://www.kengriffinlies.com/ken-griffin-lied-under-oath-perjury-claim/) + +In fact, I even found some evidence of contradictory behaviour in some of Bill Gate's earlier statements - like when he was asked about his relationship with \*\*Boston Consulting Group (BCG)\*\*💩 + +Bill Gates did an AMA and stated he had **no knowledge** of this company at all \[[source](https://www.reddit.com/r/Superstonk/comments/utbt4q/bill_gates_denies_knowing_who_bcg_is_during_his/)\] but according to this, **The Bill & Melinda Gates Foundation Is Partnered With Boston Consulting Group \[**[source](https://www.reddit.com/r/Superstonk/comments/ttyzsy/who_remembers_when_bill_gates_was_vocal_about/)\] + +Uh oh. Looks like Bill may have just got caught in a lie. + +And wait a minute, isn't there an ongoing issue with BCG and GameStop? + +[You tell 'em Ryan.](https://preview.redd.it/c68sm41sqfl91.png?width=1126&format=png&auto=webp&s=b72467c1d743876f105022c7bd2d85fda4f15a62) + +But that doesn't prove anything about his relationship with GME, I hear ya. + +Well, looking at this from a slightly broader perspective - it's not a bad idea to venture out a little and suss out what's happening in other parts of the US market, and with other shorted stock. Right? And well, reportedly it seems that Gates is at least short on one stock (according to Musk) - and that would be Tesla. + +Here's a leaked conversation as alluding to this: + +https://preview.redd.it/runk8vc6tgl91.png?width=700&format=png&auto=webp&s=e8806a1b8c1d26731a87a50822035545934bb058 + +\[[source](https://www.reddit.com/r/Superstonk/comments/u9x0mz/nyt_leaks_elon_and_bill_convo_can_we_talk_about/)\] \[[source](https://www.bloomberg.com/news/articles/2022-05-28/musk-says-gates-has-multi-billion-dollar-tesla-short-position)\] + +So I guess this does open the door of *possibility* that he may also be short on a couple of other stocks too? + +Like, Gamestop for example. + +And it's not as if he speaks about this company all too favourably now, is it?: + +* **Bill Gates compares GameStop frenzy to gambling on CNBC** \- \[[source](https://www.youtube.com/watch?v=PVBdyYynDNE)\] +* **Bill Gates says crypto and NFTs are a sham** \- \[[source](https://edition.cnn.com/2022/06/15/tech/bill-gates-crypto-nfts-comments/index.html)\] + +Why don't you like GameStop, Bill? + +Now again, this is simply speculation and I'm sure as time passes - more information will come out to either confirm or debunk the connections I'm making here. But I'm just presenting information, the critical thinking is left up to you incredible apes should there be any dots left to connect. + +I would also like to state for the record that **Microsoft has little to do with Bill Gates (as he holds only a 1% stake in the company)** thought it would be good to mention incase Microsoft get revealed as a future partner of GameStop. \[[source](https://www.reddit.com/r/Superstonk/comments/uu3tf6/microsoft_is_not_the_same_as_bill_gates_with_bcg/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)\] + +................................................................ + +**SUMMARY PART THREE - The BBC is also funded by outside third-parties including Mr. Bill Gates. Bill Gates is allegedly short on Tesla, and has a seemingly less than harmonious relationship with GameStop and has previously denied a relationship with Boston Consulting Group despite several sources stating otherwise.** + +................................................................ + +Speculation aside (and who knows what research we might be able to find on the other 9 listed donors on that list) the reason I mention this is to pose the following question: + +1. **Why** isn't the BBC reporting that the DTCC committed international securities fraud? +2. And does it have anything to do with any outside influence, perhaps to preserve the self interest of individuals who fund the corporation (opposed to the BBC working to serve best interests of the Great British (and global) public). + +As I am sure you all agree - it is important that the public are made aware that **the DTC were unable to carry out their duties as custodians of the shares they are required to manage and committed fraud as a result of their inability to do this**. This **will** affect a lot of people who hold US based securities within the stock market, and the fact that no one is talking about this is deafening. The people deserve to know, and we've already provided MSM outlets the evidence - so why aren't they reporting the story. + +Why? + +I will mention again, the BBC is a **publicly funded** corporation, with the majority of its income sourced from UK TV licensing fees paid for by the British public. + +Now it's fair to say that the BBC have seen more than a couple of controversies in their time, so I would have thought they would like to get ahead of this one. Better than having another notch added to this already quite lengthy wiki-post + +https://preview.redd.it/f9qe2665ffl91.png?width=1970&format=png&auto=webp&s=b94874bc919a58a36927bd2096348857503d7466 + +\[[source](https://en.wikipedia.org/wiki/BBC_controversies)\] + +So I'm hoping, if anything, this post will serve as a reminder of the expectations we have, not only the BBC, but for **all** media news outlets across the world. + +And to any MSM reading this - your audiences and public **deserve** impartial reporting, transparency and honesty within the news content you produce. You have a social and moral responsibility to make this a better place for us all. And should this fail to happen, even after you have been provided evidence of this, a public inquiry will be required. This post will serve as the basis for these on-going conversations. + +https://i.redd.it/rn7vkyvpeil91.gif + +But I guess it's not enough just to talk about the MSM's responsibility here, but we must also look at the responsibility we hold **ourselves**, being the bearers of this knowledge - as it's also down to us to make this world a better place too. + +If any apes feel inspired enough to keep sharing this information, the original letter is here: [https://www.reddit.com/r/Superstonk/comments/whkrz2/the\_dtcc\_has\_committed\_international\_securities/](https://www.reddit.com/r/Superstonk/comments/whkrz2/the_dtcc_has_committed_international_securities/) + +And like RC said: **Work is sexy.** + +And for any future historians reading this, if it comes to pass that the companies as mentioned here (and were previously informed of the DTCC's fraudulent behaviour) concealed the truth from the greater public, well - that wasn’t the future we were fighting for here. + +........................ + +**TL:DR - We have evidence that MSM were provided with information as pertaining to the DTCC committing international securities fraud, but news outlets (like the BBC, who are publicly funded) still haven't reported this as news. Third party investors and corporate ownership could potentially be the reason why. Also Bill Gate's name pops up.** + +**TL:DR Section 1:** Seems that quite a number of news corporations around the world are either owned or invested heavily by some big name players, including Jeff Bezos and Kenneth Griffin (and there's even instances of Chinese Finance corporations owning US media outlets). + +**TL:DR Section 2:** The BBC, as a **publicly funded** organisation recently brought in a new CEO, Deborah Turness. Under her leadership, we are still waiting for the BBC to report on the news being that the DTCC committed international securities fraud. Not reporting this goes against the BBC's own declared values and the public interest. Seems a cow getting his head stuck in a tree makes the news, but fraud in the US stock markets doesn't. + +**TL:DR Section 3:** The BBC is also funded by outside third-parties including Mr. Bill Gates. Bill Gates is allegedly short on Tesla, and has a seemingly less than harmonious relationship with GameStop and has previously denied a relationship with Boston Consulting Group despite several sources stating otherwise. Posing the question: Why isn't the BBC reporting that the DTCC committed international securities fraud? And does it have anything to do with any outside influence, perhaps to preserve the self interest of individuals who fund the corporation. + +**EDIT**: + +If the reading gets too much, why don't you unwind with a video that puts into perspective just how influential corporation run media is. Some could even say, is **extremely dangerous to our democracy.** + +Courtesy of [**Iknewyouwerebi**](https://www.reddit.com/user/Iknewyouwerebi/): [https://www.youtube.com/watch?app=desktop&v=ZggCipbiHwE](https://www.youtube.com/watch?app=desktop&v=ZggCipbiHwE) +finally after 4 long years of getting myself caught up in the horrible payday loan circle I feel free! When I was 18 I spent my first entire pay packet in less than a day (stupid I know!) then one night my pals invited me down the pub, I really wanted to go and couldn’t face my parents to ask for money as they knew I only got paid the day before, so I stupidly got a loan out thinking when I get paid at the end of the month I can pay it back. That’s exactly what I done, paid it off in full and then fell short a week later… another loan and the circle has started. It was awful, I was always skint and constantly worrying about money. The debt kept on piling up and my credit file was horrendous. It was only back in 2018 when I found out that I could do a repayment plan on all of my current loans. At this point I had 8 active loans and all tallying up to £6k with ridiculous interest rates. I was in a bad place, I couldn’t do anything nice at the weekends as I had no money and kept on making excuses why I couldn’t meet up with friends. each month I would pay off 1 loan and get another one 10 minutes later. Finally spoke to citizen advice and got all payments rolled into 1 and at a affordable amount. + +Roll on 4 years later i am completely payday loan free, credit file is shooting up in the right direction and have loads of money left over each month! Currently saving up for a mortgage with the misses and got a very good pay rise this year, even better! + +Just thought I’d share my success story, I have learnt an extremely valuable lesson fortunately at a young age. To say the least I am extremely careful with my money and I now feel like I can trust myself with cash! +Look I get it. Jobs are a pain in the ass, even the good ones. I have a project on my desk I really need to get to *right this very minute*. By writing this damn post I'm procrastinating and adding to my stress. But you know what? My job is OK, pretty good even. I've had terrible jobs and I stuck them out until I could get a better job. I got *two* grad degrees in search of a better life. + +I am not the richest on this sub but that's OK too. My family was really poor growing up and it blows my mind that I have five figures in cash in my checking account and phat retirement accounts. I could quit in a huff and coast for awhile. But that would set me back! Day after day I *don't* quit. And if I did, I sure as hell wouldn't tell you guys about until I cleared my head and came up with a plan to FIRE *harder*. + +So here's to all the grinders and strivers out there who do it every day, day in and day out, and don't quit. You may not have a cool story to post on the board, but the struggle is *worthy* and *I salute you*. + +That is all. + +Edit: GOOOOOOOOOOOLLLLLDDDD! TY TY! This was on my bucket list. WAS! +Hey everyone, long time lurker here. Really curious to see if there’s a bunch of fatties here who have built their wealth in the PM role and how your journey has been, is it doable as a PM? + +Long story short, I recently landed a “decent” paying job as a PM, low six figures total comp, but wondering what the ceiling is. I know there’s always levels.fyi but that’s highly skewed to FAANG salaries whereas I’m at a large financial institution. + +I’m currently early 30s, HCOL, in PM role hoping to make Director level next year (probably Senior PM equivalent in FAANG), and eventually aiming to work my way up as Head of Product but not sure where I can go from there. + +Any nuggets of wisdom for an aspiring PM looking to reach fatfire? Much appreciated 🙏🏻 + +Edit: to be clear this is not my first PM role just my first one with a good comp package. Experience wise I am quite senior. +Dear Readers, + +Welcome to the open discussion thread. + +This space is reserved for open discussion or questions on research and news on economics. + +Please Discuss. :) +Here are some questions I have on PMCCs: + +1. How do you know how far out you should buy the LEAP? +2. Should the LEAP you buy be ITM or OTM, and how deep? +3. When your weekly/ monthly gets assigned, how does this work? You would have to sell shares you do not own? How would this play out? Would you have to sell your LEAP? +4. Because a PMCC ties up less collateral, why doesn't everyone use PMCCs? What are some of the cons/ drawbacks to them? + +Are there any other tips for a PMCC newbie you would like to give? +The wife and I are planning (fingers crossed all goes well) on getting pregnant in about a year. After reading Die With Zero, my biggest takeaway was his point in prioritizing what's most enjoyed in each stage of life and spending more to do it then. + +We are putting together a "pre kids bucket list" of things we'd most enjoy before kids. So far we have - Japan trip, go to 2 F1 races, Caribbean trip with friends, and go to a college football game at Alma mater. + +What else are we missing we should do before kids!? Most thing I found online are, uh, not fat (paint house, finish building deck, etc). We live in nyc if it matters + +Edit: Wow! Did not expect this huge of a response, thank you all! +I'm new to trading this year and started a new job that pays well, i wanted to start investing some of my income but want to play it safe and get good ETFs that will grow. I bought a few ICLN as im a big supporter for green energy, and am interested in ARKK but want to know more other ones that are safe and also pay out a decent dividend with a low MER? + +Also if anyone know of any books about investing in canada that would be awesome too. + +Thanks +Trust me this isn’t some bullshit “fake news fake news” and a middle finger. It would probably be beneficial for you to at least half ass listen to what I, and everyone else who uses this subreddit, have to say about how we view your work recently. To sum it up… it is clear to those of us with a soul that the news media right now is a disgusting, cancerous, absolutely fucking evil. + +This goes for all of you. From yahoo to bezinga to seeking alpha to the Cramers and all the pundits all the way up to Andrew Ross Sorkins (your wife a baddie tho). We see all of you. For the most part it’s been expected and has been a minor annoyance. But now…. Now we see you’re evolving into your final form. + +You am become death destroyer of worlds, or whatever. Shilling for Ken Griffin literal Darth Vader himself AND Bank of America in the same fucking article? You people are fucking satan. I can’t for the life of me understand how we grew in the same country and went to the same schools, listen to the same music and eat the same food. Does it get you people off knowing you’ll convince a couple thousand more average investors to bag hold for these bankers? Isn’t it bad enough Bank Of America is fucked? Can’t we leave it at that and not dig the knife that much deeper in the the heart of people just trying to get by in this country? + +I WILL keep a tab on every article that shills for bank stocks. This is not a threat. What you don’t seem to get is that we are adults here who know how to take nonviolent action. We will not forget and we will not forgive. When this is over do you really think we won’t have the means to launch our own platforms, with a larger audience, to continue EXPOSING every fucking skeleton you have hiding. We WILL expose it all. You people are fucked. +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. +I have several office buildings with multiple tenant types. These are multi suite office buildings. Several renters affected by covid 19 lockdown can not operate their business and have notified me that they won’t be able to pay for April. Some are month to month tenants, however some have longer term leases. The month to month tenants are all in the salon/massage industry and as such cannot work. They have offered to move out but I am not going to get any new tenants at this time even if they move out. My thinking is just to let them keep the space and see how things are next month. So far I have confirmed I will not receive close to $6000 on April 1 that I would have otherwise. + +I am going to be talking to my bank to see if there is any way to get a forbearance. Does anyone else have any suggestions on what else I can do at this time? Is there anything in the stimulus that can help? +Wondering what everyone utilizes to maximize deal flow, as it's the weakest area of my operation. + +I'm a small timer, so far I've acquired via: +2 from MLS (redfin) +1 off market by random chance + +I'm utilizing: +Redfin/Zillow email searches. + +An agent, has brought me one pocket listing but timing was off + +Working to build relationships with wholesalers, but what I'm seeing in my market are wholesalers marketing at retail prices + +Attended Sheriff Sale. Again, homes were going for what is expect to pay retail. + +Starting to think about Direct mail or some other form of marketing. +Hello once again you beautiful apes - hope you're all locked in and ready to go when it comes to DW8. + +You might be sick of my posts by now, but I thought I'd provide everyone with one final DD to help ease the nerves as well as giving you justification on why you should diamond hand this bitch. + +Around the time of my first post, the share price was sitting at roughly $0.055. I had seen the light long before that point, but I thought I'd let you fellow autists aboard our rocket ship. Hope you managed to get in on time! Consider this your last warning as we proceed to the land full of cocaine and hookers, AKA anything beyond 10c. + +I have received a few messages asking if its too late to get in at 10c - The truth is, I cant give you a definitive answer. What i can do, however, is provide you with information to help you make an informed decision. + +DW8 has been my top pick for quite some time, for a majority of different reasons, but the biggest is that it will take ALOT to bring down the share price. + +Market recession? Great, everyone's depressed, everyone drinks lots of alcohol. +Market in a boom? Fantastic, everyone has a great time, everyone drinks lots of alcohol. + +Covid comes back? Great, people need to migrate to purchasing their alcohol predominantly online. Same day/next day delivery, so you can drink your boredom & sorrows away soon after you click that order button. +Covid fucks off for good? Great, business is pumping and the B2B platform will have no difficulty taking a market share. + +Covid side note - If it does come back, businesses will look at managing their expenses at the first point of call. It is difficult to generate additional income as a bar/restaurant during lockdown, but it is awfully easy to minimize expenses which will have the same impact on your bottom line. When you manage expenses, it can be a difficult time for the business. You need to let some staff go, you need to cut back on a few other "fun" spending, etc - Why not make an easy decision, and sign up with DW8 who will offer you the exact same product range, in a quicker timeframe, for a lower cost? There is no negative impact to the business, the staff, employee morale, etc - everyone wins! + +The potential on this stock is effectively limitless. Daddy Dean's dream is to touch every bottle of Wine in Australia. This might sound farfetched, but with his skillset this may be possible in the next 10 years. Before we've even touched half the bottles in Australia, we'll have processes in place to be able to supply customers internationally. I wont touch on that subject just yet, as that is still a long while away. Word of mouth is a crazy thing in the wine industry, and once everyone see's the benefits it wont be long before people jump on board. + +Being a slow-growth stock, the share price will creep up slowly over time to match the current business financials. We are still in the early stages, even though the market cap is now roughly $160m. The market is starting to finally wake up to the beast that is DW8 - As I predicted in my first DD, the expiration of the options from previous directors will cause the stock to act like a coiled spring and shoot upwards. The result? Well, if you had invested at the time of my first post you would have been sitting on almost 100% profit in under 3 weeks. + +Imagine if 15 years ago someone had told you that an app will come out that will destroy taxi's forever. You probably wouldn't have believed them... but look what Uber did. Was it easy? no, it wasn't. Once the growth started, was it exponential? fuck yeah it was, not only locally but internationally as well. Will DW8 grow anywhere near the same rate as uber? fuck no, be realistic. You are all autists, not retards. Do not invest in DW8 if you are expecting another 100% in the next 3 weeks. + +If you like free money, invest in DW8. Its that simple. All industries are disruptable with the right tech, and we are in a niche area of the market which is still technologically behind a few industries. + +Few announcements that will help generate movement in the SP moving forward; + +B2B Soft launch +B2B Hard Launch +March monthly update +Potentially an acquisition - don't hold me to this, this is just a personal opinion. I cant guarantee that we'll have one in the next few weeks as the company is more focused on the B2B rollout, but i can quite safely say we'll have another strategic acquisition within the next 3-6 months. + +Each month, DW8 releases a monthly update. As the B2B program gets into its groove, i expect exponential growth. Don't miss the train, rocket, boat, or whatever the fuck this fast-moving vessel is. Join the (r)evolution! +**Melbana Energy Ltd - MAY.ASX** + +*MC: $50m* + +*Cash: $10.6m* + +*Debt: Non* + +*SOI: 2.3B (current cap raise underway which will dilute SOI to 2.6b)* + +Melbana (MAY) is an upstream oil and gas exploration company with projects located in both Cuba and Australia. The company is just **1** **month away** from spudding the highly anticipated Alameda prospect in their world-class exploration PSC, Block 9 in Cuba. + +&#x200B; + +**Block 9 - 30% Ownership** + +Block 9 is a large onshore PSC acreage (2.1% of Cuba's total area) located on the north coast of Cuba, 140 km east of Havana. Block 9 has an **already proven hydrocarbon system** with previous historic exploration wells indicating the presence of hydrocarbons. The block is also supported by being along the trend line with the multi-billion barrel Varadero oil field, located just 35km away. A key feature of the Varadero field is the major fold and thrust belt structures that fracture and fold carbonate units, which is interpreted to extend into Block 9. + +[Block 9 Location](https://preview.redd.it/ndu3juqss2g71.png?width=766&format=png&auto=webp&s=f85b668421bf42ab4ea5a67f299f15b9897f1410) + +Block 9 has been independently assessed to house **15.7 billion barrels of oil** (nearly a trillion dollars worth) with **prospective resources of 718 million barrels**. These estimates are based upon **pre-existing seismic, gravity, magnetic** and **surface data sets**. There is the potential for Melbana to expand its resource estimates as the company is expected to shoot new seismic lines on the additional **19 structural leads** identified. + +[Block 9 prospects & leads](https://preview.redd.it/iahtowhws2g71.png?width=774&format=png&auto=webp&s=da1f9d3e6f84b3fd6dfbe678a53ec53dc55c12d7) + +Block 9 consists largely of low-lying farmland with sealed roads that connect Block 9 all the way to Havana. **Extensive oil and gas infrastructure** surrounds Block 9, with pipelines and railway lines close by, a deep-water port housing an **oil terminal** located 50km away and the second largest international airport within 40km. + +&#x200B; + +**Block 9 Agreements** + +In 2019, Melbana entered into a **farm-out agreement with Sonangol**, Africa’s second-largest oil producer, for Sonangol to acquire a 70% interest in Block 9. In the agreement, Sonangol will **fund 85%** of the two well-drilling programs. Melbana will remain the operator until the completion of both drills. + +Melbana has additionally signed an offtake agreement with CUPET, Cuba’s national oil company, that allows CUPET to purchase discovered oil **at international prices**. The agreement also allows Melbana to sell the oil on the international markets. Cuba has multiple modern land drilling rigs currently operating in Cuba and Melbana has selected Sherritt International as the drilling contractor. + +In 2017, Melbana projected that drilling would occur in 2018, however the company still had to complete the following: + +\- detailed analysis of the high priority drilling targets- Finalisation of detailed well design and drilling plans- Progress Cuban regulatory approvals required for drilling- Proceed with long-lead procurement and contracting actions- Detailed contractor evaluation and selection in preparation for field contractcommitments + +Obviously, they still had quite a few milestones to hit before drilling could actually occur.Additionally, Melbana didn't have a farm-out partner. + +In October 2018, Melbana reached a farm-out agreement with AGMI however in April 2019 **Melbana elected** to terminate the agreement due to lack of progress by AGMI towards satisfying the agreement conditions. + +During the remainder of 2019, Melbana pursued alternative farm-out agreements and it wasn't until December 2019 when Melbana signed a Heads of Agreement with Sonangol. To Sonangols credit during the COVID pandemic, they still pushed forward with signing the farm-out agreement in May 2020. IMO this signifies how bullish Sonangol is on the Block 9 prospects. + +&#x200B; + +**Alameda Prospect** + +The Alameda Prospect being **drilled in September** contains **three targets**, U1, N and Amistad, Alameda can be tapped from **just one slightly deviated well**. The most exciting prospect is the lower sheet target, Alameda, which is in a similar structural setting as the Veradero fields. + +[Alameda-1 Well & the 3 targets](https://preview.redd.it/60i2dvi3t2g71.png?width=1158&format=png&auto=webp&s=21a442e5bf8a1edaa12b714ae86275fbdacf1f94) + +The three targets are independently assessed to contain a prospective resource of **141 million barrels of oil**. The Alameda-1 well is estimated to take around **80 days to drill**, placing completion around the end of November. + +The chance of success for the 3 prospects is estimated to be **32%** (high by industry standards) due to the **supportive data** from the previous exploration wells, Marti-2 and Marti-5. The Marti-5 well, drilled nearly 30 years ago, recovered 44bbl of 24° API oil and had numerous oil shows extending over an 850m Lower Sheet section (where the Alameda prospect is located). The U1 target is the structure that has been identified as the updip of the tested oil recoveries in the Marti-2 well. + +&#x200B; + +**Zapato Prospect** + +The Zapato prospect is being **drilled straight after** the Alameda prospect with the spudding event expected at the **end of December**. Construction of the well-pad is currently underway. The Zapato structural feature has a crest at approx 2,000m with a vertical relief of 1,000m. + +[Zapato-1 Well & the targets](https://preview.redd.it/izwjrhsdt2g71.png?width=787&format=png&auto=webp&s=19ebb899701bf0bffcba2a67f0659ffee094aa6b) + +The prospect is independently assessed to contain **95 million barrels of oil**. Drilling is expected to conclude mid-way through **March 2021**. + +The chance of success is **23%**. The Zapato field is believed to be the **source of the highly productive Motembo oil field**, which historically produced high-quality light oil. Studies have indicated there is a strong gravity and magnetic alignment of the structure which is further supported by seismic and surface data. Carbonate duplex structures such as Zapato are being targeted due to their potential to contain Varadero style oil accumulations. + +&#x200B; + +**Timeline** + +[12-month drilling program](https://preview.redd.it/3dwgl4hlt2g71.png?width=1703&format=png&auto=webp&s=293ae31f435b98bb3f1dedb8cc39b34b45bf06ad) + +[2 well drilling program timeline](https://preview.redd.it/7fvrdnwnt2g71.png?width=1659&format=png&auto=webp&s=cc8a5ebfed72dc58ea67353d956cc222efde3a9d) + +&#x200B; + +**Cuban Jurisdiction** + +Cuba is located in the Southern region of the Gulf of Mexico, which is currently one of the world’s **largest under-explored petroleum mega provinces**. Cuba has been **lightly explored** with modern-day exploration technologies however the country does have a rich exploration history. The principal zone of exploration has occurred along the narrow belt in the north coast (where Block 9 sits) and in the regions immediately offshore where tectonically thickened Jurassic-Cretaceous carbonate sources and reservoir sections have **formed a supercharged hydrocarbon system.** + +The current US trade embargos are **only imposed on American citizens**, which limits their US engagements and operations in Cuba. **Non-US international companies** (French, Russians, Chinese, Canadians) have been operating in Cuba with the most prominent being the Canadian company, Sherritt International. Sherritt has a **rich 30-year oil and gas exploration and production history** in Cuba with blocks including the Varadero oil fields which is located next door to Melbana’s Block 9. + +The Biden administration is **currently exploring new policies** that would reverse many of the detrimental actions undertaken by the Trump administration which restricted US citizens from travel, trade and other forms of outreach. The Obama administration had expanded contacts when it re-established diplomatic relations with Havana in 2015. It is important to note that Melbana is a company registered in **Australia** and the current US sanctions **do not apply**. Melbana has been able to source resources and equipment from firms outside the US. + +Last month in July, large gatherings of Cuban citizens protested against the government for its inability to address Cubans' **deepening economic crisis** as well as the resurgence of COVID in the country. Oil discoveries by Melbana would bring **major economic development** to the country through foreign investment as well as addressing the major oil supply deficit currently occurring. In 2019, Cuba produced just 45,000 barrels of oil equivalent per day which **only covered 50% of the nation's demand**. This significant deficit has led Cuba to import most of its oil supply from Venezuela. Yet due to the economic & political instability of Venezuela over recent years, importation has been declining, placing a greater strain on the Cuban economy. + +To attract more foreign investment into the country, in 2014 the Cuban government passed the **Foreign Investment Act** which reduced tax rates and provided tax holidays for the first 8 years of operations. As one of the first movers after the Act in 2015, Melbana **gained numerous advantages** by securing the most **attractive exploration blocks** as well as **establishing highly supportive relationships** with the Cuban government and CUPET. + +&#x200B; + +**Risks** + +* US Trade Embargo on Cuba +* COVID related delays +* Lack of discovery or limited discovery +* A downturn in international oil prices +* Cuban Government +* High SOI (2.3b) with further dilution from the current capital raise (2.6b) +* Limited Liquidity + +&#x200B; + +**Other Oil & Gas Assets** + +*Cuba - Santa Cruz oil field - 100%* + +Santa Cruz is a shallow offshore oil field in the northern region of Cuba, located just 45k east of Havana. This northern fold bet is **along with the trend** that is responsible for the vast majority of Cuba’s oil and gas production. Although the oil field is offshore, the target has been previously drilled using deviated wells from onshore sites. + +Santa Cruz was originally discovered by Sherritt and Pebercan in 2004 with production commencing in 2006. Early resource estimates indicated up to 100 MMbbl of recoverable oil, from a \~20 km2 structure with a significant 250m oil column. Santa Cruz reportedly produced over 1 MMbbl in its first year, and by 2013 had produced 7.4 MMbbl from 18 wells. + +In 2018, Melbana finalised a contract with CUPET, gaining an exclusive right to negotiate a long-term contract that would see the oil fields become operational again. Melbana is currently in an initial study period of technical work, assessing potential recoverables and has engaged a Canadian consultant with extensive Cuban experience to identify possible debottlenecking opportunities. + +*Australia – Beehive prospect (WA-488-P) - Royalty payments* + +The WA-488-P exploration permit contains the giant Beehive prospect, one of Australia’s **largest undrilled hydrocarbon prospects**, with a best prospective resource estimate of up to **416 million barrels of oil**. The chance of success is **20%.** + +In April this year, Melbana sold the WA-488-P permit to EOG Resources, one of the largest US oil and gas production companies. As per the contract of the sale, MAY will receive **US$10m for every 25 million barrels of oil produced** (roughly US$166m). + +Melbana estimates that subject to regulatory approvals of the transaction, EOG will begin drilling the Beehive sometime **during 2022** + +*Australia - AC/P50 & AC/P51 - Royalty payments* + +In 2018, Melbana sold its 55% interest to their joint venture partner Rouge Rock. The terms of the divestment provided Melbana with an interest in any future farm out or sale of the permits. + +In May 2021, Santos and Malaysia’s SapuraOMV acquired the AC/P50 permit and as a result, Melbana received an upfront cash payment and retained its **entitlement to a 10% share of any future royalties that Rouge Rock would receive**. Drilling of the P/50 prospect is expected to begin sometime **during 2022** + +The Purchasers of AC/P51 also have the right to acquire the permit AC/P51 which if exercised, Melbana would be entitled to receive similar cash consideration and contingent royalties. + +*Australia - Turtle & Barnett prospects - 100%* + +Melbana has acquired the WA-544-P and NT/P87 permits (next to the Beehive prospect) that contain the undeveloped Turtle and Barnett oil discoveries. Melbana will look to leverage learnings from the Beehive project by reprocessing seismic data to determine whether the two discoveries can be upgraded and whether deeper carbonate plays exist. + +*Australia – Tassie Shoal Projects - 100%* + +The Tassie Shoal project is a unique opportunity where Melbana would establish a Methanol and LNG **treatment facility** for the stranded gas assets in the Northern Territory offshore areas of the Bonaparte Basin. The development of the facilities has gained Federal environmental approval until 2052. + +&#x200B; + +**Melbana Management** + +*Andrew Purcell– Chairman* + +Andrew founded Lawndale Group in Hong Kong over 10 years ago, a company specialising in the development and management of projects in emerging markets across the heavy engineering, petrochemical, resources and infrastructure sectors. Prior to this, Mr Purcell spent 12 years working in investment banking for Macquarie Bank then Credit Suisse. + +*Michael Sandy - Independent Non-Executive Director* + +Michael is a geologist with 40 years of experience in the oil and gas industry. Michael has held numerous roles including minerals exploration and research for the PNG Government, Technical Manager of Oil Search, senior management with Novus including manager of assets in Australia, Asia, the Middle East and the USA. Michael has also been the principal consultant of Sandy Associates who is involved in petroleum, minerals, geothermal, environmental and disaster management projects. + +*Peter Stickland – NonExecutive Director* + +Peter has over 25 years of global experience in oil and gas exploration. Peter was the CEO of Melbana Energy from 2014 until early 2018 during which time he led the restructuring of the company and secured the Block 9 PSC in Cuba. Prior to joining Melbana, Peter was CEO of Tap Oil Limited as well as having a successful career with BHP Billiton. Peter was a member of the Board of Australian Petroleum Production and Exploration Association Limited. + +*Errol Johnstone - Chief Geoscientist* + +Errol has had a distinguished international career with ExxonMobil for over 29 years with particular emphasis on new ventures, basin analysis and new play generation. Errol is one of the industry’s experts in Structural Geology, Regional Geologic synthesis, Sequence Stratigraphy and 2D/3D Seismic Interpretation. + +*Rafael Tenreyro - Cuba Representative* + +Dr Rafael Tenreyro has over 40 years of experience in the Cuban oil industry, working in exploration projects which lead to the discovery, evaluation and development of 14 oil fields + +&#x200B; + +**Financials** + +As per the recent quarterly activities statement, Melbana has a **cash balance of $10.6m**. Melbana is also expected to receive a further US$7.5m cash payment from EOGs Beehive prospect subject to regulatory approvals. An additional US$5m may be received upon the satisfaction of certain conditions. The company currently does **not have any debt**. + +&#x200B; + +**Capital Raising** + +As per the Block 9 farm-out agreement with Sonangol, Melbana is required to provide 15% of its own money to fund the upcoming drilling program (Roughly $7.4M). Although they currently have $10.6m in the bank, the vast majority of these funds were from back payments provided by Sonangol, therefore, rendering these cash reserves invalid for the 15% payment of the drilling costs. To raise the drilling funds required, Melbana is currently undertaking a capital raising. + +The offer is **2 Shares for every 13 Shares held** by shareholders on the **10th of August** (suggest that you purchase tomorrow as unsure about T+2 with cap raises) at an issue price of **2c**. The offer also comes with **1 free option for every 2 shares issued**, **exercisable at 3.5c in 12 months.** + +&#x200B; + +**Share Price Projections** + +Based upon basic financial projections, I estimate that the share price could reach **21.7c** (10 bagger from the current price) by **March next year**. + +Assuming oil price of US$70 and extraction cost of US$15 (CEO actually said costs to be around US$10 but I went more conservative). The CEO has said that Melbana remains extremely profitable if oil prices are between US$40-50. Note as per Sherritt's PSC, there are no royalty payments to the Cuban government. + +[Basic financial projection](https://preview.redd.it/d9ilm1xgu2g71.png?width=1171&format=png&auto=webp&s=199d2010096ea7ab4a19ae1d55bb06519ce64538) + +This **does not include** the effect of FOMO/HYPE. Please note the above calculations are quite basic and I did leave out certain metrics. Do not use these figures to guide your financial decisions. + +&#x200B; + +**Final Thoughts** + +I am **extremely bullish** on the Block 9 prospects given the magnitude of data that they have acquired, previous exploration wells indicating hydrocarbons as well as the expertise of the board. A major de-risking factor was the farm-out agreement signed with Sonangol, who would have undertaken **significant due diligence** towards the potential success of the prospects. + +The two well drilling program presents a very attractive opportunity in the short-medium term with the additional 19 leads plus the other assets providing a solid base to move forward in the long-term. Melbana is also expected to receive significant funding from its previously owned Beehive prospect and will have a very **healthy cash balance** going forward. The shares on issue as well as limited liquidity is somewhat a concern and should be considered if taking a position. + +It is my personal belief that the market is unaware of Melbana’s operations due to the **reluctance of investing in Cuba** coupled with **ineffective marketing campaigns**. Although the sovereign risk is elevated in this jurisdiction, from my research I believe that a lot of the conventional bias against Cuba is **unfounded**. Given the value-adding significance of the prospects and potential impacts to the Cuban economy and its people, I believe that Melbana hasn’t delivered its offer effectively to the market, leaving the company overlooked. Though for shareholders this isn’t a particularly worrying issue, especially in the small-cap junior resources sector where the interest can often occur **only after successful results**. I expect that if Melbana has a successful Alameda-1 drilling campaign, the SP will experience a significant re-rate. **Hence why I have loaded up heavily prior to the drilling occurring.** + +I personally view MAY as a hybrid mix between **IVZ** (reluctance to the jurisdiction, supportive data and government, significant impacts on one economy and people, pre-existing infrastructure) and **BRK** (vast amount of potential prospects, already proven hydrocarbon system). + +&#x200B; + +*Summary* + +**Exploration Success** + +\- The pre-existing seismic, gravity, magnetic and surface data sets + +\- Interpretation abilities of the quality management team with extensive experience + +\- Previously exploration wells indicating hydrocarbons are present + +\- Cuba's Northern Belt geological characteristics + +**Commercial Success** + +\- Lots of existing O&G infrastructure + +\- Other foreign companies successfully operating in Cuba + +\- Government and CUPET extremely supportive of Melbana + +\- Cuba is an oil starved market. The country needs the oil as much as the shareholders want the SP to increase + +\- Sonangol is the farm-out partner + +\- Melbana has multiple assets + +\- Attractive fiscal terms for foreign companies + +&#x200B; + +**Melbana Resources** + +* [Energy News Interview](https://youtu.be/OtuIJGuaU3Y) +* [Energy News Article](https://www.energynewsbulletin.net/partners/partner-content/1411221/melbana-energy-and-its-king-sized-cuban-prospects) +* [Next Investors 2018 Article](https://www.nextoilrush.com/asx-juniors-under-drilled-cuban-oil-asset-puts-it-in-multi-billion-barrel-company/) +* [Stockhead Interview](https://stockhead.com.au/energy/rock-yarns-melbana-is-building-impressive-momentum-on-its-high-upside-cuban-oil-project/) +* [Finfeed Interview](https://finfeed.com/features/melbana-sets-sights-cuban-oil-australian-gas-dreams/) +* [Cuba Energy Analysis](https://www.eia.gov/international/analysis/country/CUB) +* [What is causing Cuba's shortage of oil article](https://www.reuters.com/article/us-cuba-fuel-explainer-idUSKBN1W91C3) +Happy Weekend everyone, I was recently re-reading a chapter of a book by The Stig(litz) and thought it could offer some interesting reading for the people here. For those interested, this is from Chapter 3 of People, Power & Profits by Joseph Stiglitz. + +Typically in this sub, we look at the economy and finance (or investing/gambing) in much the same light. However, sometimes what is good for investors is bad for the economy. This creates an interesting conflict which if reflected on may change your investment decisions. + +With the intro out of the way, the core concept I will be talking about is economic moats, rentiers and market power. + +##Competive Markets + +Historically, we have looked at markets under a 'competitive model' in which a myriad of firms all competed for our business. In order to stay profitable, businesses would always have to innovate, provide better service or cut costs in order to compete. If a firm cannot even ask for a small amount above the 'going price' then the market is in perfect competition. However, this isn't really how the market works, especially today. + +So why don't markets work like this? Because the firms in them don't want to be competitive! A less competitive market means a firm has more **pricing power**. If a firm has more pricing power, it can charge more for its products and services and then rake in more profit. Less competition means more tendies. Here is Warren the Buff Man explaining this: + +"The single most important decision in evaluating a business is pricing power. If you've got the power to raise prices without losing business to a competitor, you've got a very good business. If you've got a good enough business, if you have a monopoly newspaper or if you have a network television station, your idiot nephew could run it." + +## Economic Moats + +One such way to get pricing power is by having an entry barrier to the market, what Buffet calls an economic moat. + +"[We] think in terms of that moat and the ability to keep its width and its impossibility of being crossed. We tell our manager we want the moat widened every year." + +This is where I want to begin pointing out a difference between what is good for the wider economy and what is good for investors. An economic moat is **bad** for the economy. It results in a less efficient economy as it hurts competition. However, it is very good for investors who can use their pricing power to generate profits. + +Businesses who have an economic moat would rather invest in expanding that moat (as seen in the quote above) then actually creating a better product or service, even if that is a byproduct of their actions. + + +---- + +## Exploiting Market Power + + +So, when a firm has market power they can do a whole bunch of stuff which earns them more profits. + +We see above that they can just raise prices. However, it extends beyond this to be more subtle. They can use opaque pricing structures, they can engage in predatory lending (finance) and market manipulation. A important note here is that *market power also gives a firm political power*. This is really important. With political power firms can use their influence to pass laws that benefit them. So, they might get overpaid for services sold to the government (health & defence) or they may underpay for natural resources (mining, remember the campaign agaisnt the superprofits tax). + +Using that political power to expand their economic moat or profit off political influence means that firms are not creating wealth and adding to the national pie. They are taking wealth. They are using funds that could have been put towards innovating new products to enrich themselves at the expense of the wider economy. + +This is why markets are shaped by public policy and most are far from competitive. + +## Economic Rents + +We can think of the national pie as being divided into labour income, return to capital and everything else. According to Stiglitz, most of the rest are "rents." If there is anyone here who has moved out of their mother's basement, they will probably be familiar with the obvious example of land rents. However, rents also encompasses natural resources, monopoly profits and returns to intellectual property (IP) through copyrights and patents. + +So, what is the big difference between income from rents and income from labour? Income from labour increases the size of the national pie, income from rents does not. In perfect markets, they will get as a return to their increased efforts just what they have added to the national pie. By contrast, the owner of a rent-producing asset gets paid simply because they own the asset. In the case of land, the supply of land is fixed, nothing he does by extracting rent from it adds to the national pie but he can still charge large rents. The same thing happens for monopoly. The monopolist takes more monopoly profits as their market power increases. They can then do dodgy shit like limit production to extract even more profit. + +So at best rents are unhelpful to growth and efficiency. At worst, they harm it. They can crowd out good economic activity that actually creates wealth. When firms or people pursuit rent income, they are *rent-seeking.* So, if a person sees rent-seeking activities increasing then they should be worried. Stiglitz believes that is what is happening in the American economy today (2018 book). + +---- + +Stiglitz goes into the measurement of share of capital, labour and some other measurements here that I won't go into to determine how much rent wealth is in the economy. He shows more evidence of why he believes the modern economy is becoming more and more rent driven. + +## Some Examples + +One example of this is Microsoft. In the 90s there were the internet browser wars where many browsers would compete for customers. At the time, Netscape was a large and bold innovator. Microsoft was scared that the company may hurt their monopoly so they tried to drive them out. It developed Internet Explorer and used its market power to auto-install it on Windows. It then started creating doubt on whether Netscape would even work on Windows, or that it could hurt the functioning of their computers. MSFT successfully drove out Netscape. + +These practices got banned on three continents however it was already too late. + +---- + +Patents are a temporary barrier to entry that are very effective. Many modern innovations are very reliant on patents in order to work. As such, only large firms have the power to do the research on existing patents and do deals with other firms who hold patents they need. New entrants do not have this luxury. + +If we look at patent infringement lawsuits, we see huge lawsuits between large firms. This is an example of how millions of dollars is being wasted on attempting to secure rents. Those lawyer fees could have gone to making a new product. + +---- + +## How does this relate to my shitty stock damnit?? + +When purchasing a stock you should look at any potential moats in the industry. Something like aviation or telcos are notoriously difficult to enter. You should also look at whether your business has an economic moat. If it does, then it has a much better chance of surviving. + +More broadly, look at how a firms market power affects the wider economy. As mentioned earlier, many markets are shaped by politics very heavily. At the moment we can see how big tech is under fire in the US and may get zapped with some antitrust laws. At the end of the day it is consumers and the economy who get fucked by these practices and you may see a political response that decimates your investment, especially if it abuses rents. + +This is a big conflict between economics and investors and the result of that conflict will likely have an impact on your holdings. +Saw this article by wall street journal, it says these firms are buying up thousands of houses to rent out. Why are they doing this instead of buying public stocks or private companies? Isn't the return of single family real estate lower? What is the long term plan for them? + +It's not like they are getting deals on them. They are paying above asking for many of these properties at already sky high prices. Can anyone explain this? + +[https://www.wsj.com/articles/if-you-sell-a-house-these-days-the-buyer-might-be-a-pension-fund-11617544801](https://www.wsj.com/articles/if-you-sell-a-house-these-days-the-buyer-might-be-a-pension-fund-11617544801) +Quite a few banks have started offering switching bonuses recently, so I thought it'd be helpful to round them all up into 1 post to make it easier for people to keep track: + +* [Santander - £130](https://www.santander.co.uk/personal/support/current-accounts/switching) +* [Nationwide - up to £125](https://www.nationwide.co.uk/current-accounts/switch) +* [RBS - up to £150](https://personal.rbs.co.uk/personal/current_accounts.html) +* [HSBC - £110 + £30 voucher](https://www.hsbc.co.uk/current-accounts/products/advance/) +* [Lloyds - £100](https://www.lloydsbank.com/current-accounts/switch.html) +* [Natwest - up to £150](https://www.natwest.com/current-accounts.html) + +Please read the T&Cs for each carefully. I don't want to include them all here, to keep the post clean, but they'll each have criteria you need to meet to qualify. + +Some tips to make the switching process smoother: + +* For those that require 2 direct debits, I've found linking your bank to your PayPal account adds a free direct debit. You can also find charities who are willing to accept low monthly direct debits, e.g. £1 per month, such as Oxfam. You could also temporarily switch an existing direct debit from a bill you'd pay with your main account (e.g. TV licence, broadband) to the dummy account, making sure there's enough money in the account to pay the bill. Direct debits can take about a week to show in your account, from experience, so don't start the switch until they're showing to be safe. +* For those who are happy with their current bank and don't want the faff of changing their main bank account (e.g. having to update card details on lots of websites, etc.) you can create extra dummy current accounts with your existing bank and then use these dummy accounts to switch between the different banks to claim the bonuses. I've done this for the past year, having 2 dummy accounts go through 5 switches, making over £500 without changing my main account. +* Make a note of your switches somewhere and when you completed them. Banks tend to say you can't qualify for a bonus if you've already had an account with them within X number of years (typically 3-5) so knowing these dates could help for switching again to the same bank down the line. +* When the switch completes leave the new account open to use to switch again in the future (as long as there are no account fees, etc.). Remember to keep the debit card for the new account somewhere safe (don't throw away) as you often need the long card number as part of the switching process. +* If your partner/family member/friend/whoever you're living with can't be bothered to do this for themselves, you could offer to do the switches for them (with their permission) and get multiple switch bonuses for your household. I do this with my partner (again, with her permission) and have doubled our bonuses. + +It's worth pointing out that this can potentially have an impact on your credit rating, so you may want to avoid if about to apply for a mortgage, for example. I've done quite a few and it's not affected mine, but you've be warned. + +I'll try to keep the list up-to-date but let me know if anything's missing/outdated. + +Happy switching! +Source: [https://twitter.com/WholeMarsBlog/status/1517626832241057792](https://twitter.com/WholeMarsBlog/status/1517626832241057792) + +Images of chat discussion between Elon Musk and Bill Gates regarding "philanthropy on climate change" have been leaked. Elon confirmed their authenticity on Twitter by saying: + +"Yeah, but I didn’t leak it to NYT. They must have got it through friends of friends. I heard from multiple people at TED that Gates still had half billion short against Tesla, which is why I asked him, so it’s not exactly top secret." + +\[Elon's reply source: [https://twitter.com/elonmusk/status/1517702987359133696](https://twitter.com/elonmusk/status/1517702987359133696)\] +I have seen a lot of posts recently from people waiting for “a dip” before investing (more) into Ethereum. Usually the target is somewhere in the $190-$200 range. At a current price of $245, I’m fairly confident that waiting for a 20% drop is the wrong strategy, and I’m going to attempt to convince you of that in this post. + +First, as an investor in cryptocurrency, I’m going to make a few assumptions about you: + +* You believe that cryptocurrency as a concept is going to grow in the long-term, i.e. you are looking to buy-and-hold. +* You favor maximizing return over minimizing risk, assuming there is an acceptable level of both. Otherwise, you would be diversifying instead of dumping cash into a single currency, and you would use dollar cost averaging to buy-in instead of timing the market. + +Now, a few global truths about investing: + +* Hindsight really is 20/20. Yes, there are periods of time at which a sudden large drop in price allowed people to buy-in and see a larger gain than those who bought prior. However, these opportunities are few-and-far-between, and usually follow bad news (scandal or technical problem). Assuming there are such events in ETH’s future, are you _really sure_ you’ll feel as bullish then as you do today? +* With volatile assets, short-term risk is inevitable. You may assume that you are not taking on risk until you hit Buy; that’s not the case. As soon as you mentally establish an intent to buy, but decide to wait, you are immediately risking missed gains. If the asset grows (as you believe it will), then those gains are most likely to be positive. + +Now I’m not going to explain why timing the market is a fool’s errand, I’ll leave that to [this Boglehead’s article](https://www.bogleheads.org/blog/bogleheads-principles-never-try-to-time-the-market/). Regardless of how you feel about Bogle, it’s hard to argue with the historical data. And while this particular article is based on the stock market and not cryptocurrency, the ideas are the same because the expectations are the same (stocks are expected to trend up in the long-term, and you expect crypto to do the same as we established above). + +Essentially, in the long term (you’re holding, remember?), time-in-the-market almost always beats timing the market because almost no one is able to consistently time the market -- there are too many variables at play, and you never know what is going to happen tomorrow. + +If you have a target price at which you want to buy (-20%), but ETH never falls to that price again, you risk holding onto cash indefinitely -- which has far worse returns than even bad market timing. Looking at Bitcoin, if you decided in January 2015 you would buy BTC after it dropped 20%, you still would not have bought-in. There are only a few periods over which a 20% drop actually occurred since, and the time windows are very narrow (a week or less between peak and trough). + +If you buy into this reasoning, then it follows that investing today will, on average, produce better returns than investing tomorrow. You still want to maximize those returns, right? + + +### But we’re in a bubble! The market will correct itself any day! + +That could very well be. It could also be that we are at the start of a much larger peak; one that makes the current growth curve look like a tiny bump a few years down the road (and makes VB the wealthiest person alive… lucky guy!). I think the strongest evidence against a bubble is the growth of the cryptocurrency industry as a whole. The combined market cap of the top few currencies a year ago is in the $10B range. Today, it’s over $60B. That is a lot of new money entering the industry -- i.e. it’s not just Bitcoin converts driving up the price of ETH. Cryptocurrency as a whole is getting a lot more mainstream exposure, and attracting new investors (like myself). If you feel this is likely to continue, then the bubble argument is less compelling. + +But who really knows? Answer: neither me nor you. + + +### But I did X and it has worked for me! + +By the way, you can pretty much discount any advice about cryptocurrency that is backed-up with “it worked for me”. Let’s ignore the obvious [pragmatic fallacy](http://rationalwiki.org/wiki/Pragmatic_fallacy) and look at Bitcoin's price history: + +http://imgur.com/TZih5wn + +You’ll notice that it is higher today than any point in its history. Despite its issues, Bitcoin has grown tremendously over time; there is literally not a single point in time at which you could have invested in Bitcoin and lost money assuming you bought-and-held (barring hacks). Therefore every investing strategy that someone could have used to buy Bitcoin would have “worked for them” in the long term, assuming they held. Returns are expected when the market goes up; it is only interesting to look at cases where buyers beat the market, and how many actually bother to show evidence of this? + + +### But what if you’re wrong? + +I didn’t write this post with the intent of predicting the ETH market. I can’t do that; instead my goal is to explain and exemplify why timing the market doesn't work. Even if ETH drops 50% tomorrow, this advice doesn’t become “wrong” -- it’s the market defying our own expectations. Enjoy the cheap Ether while it lasts, and regardless, enjoy them long-term gains. + + +### Finally: The psychological component of investing + +Trying to time the market can cause a lot of stress. Before you buy, you’ll worry that it’ll never drop to where you want it. Then after you buy (assuming that happens), you’ll worry that you bought to soon. Even if it starts going up, you’ll still worry that it’s just temporary. + +Once I came to accept that timing the market doesn’t work, investing became a lot more enjoyable for me. Whenever I have some spare cash, I throw it in a market and forget about it. Down the line I’ll come back and take a look, and since the market always goes up (eventually!), I’m always happy with the results. +I have seen a lot of posts recently from people waiting for “a dip” before investing (more) into Ethereum. Usually the target is somewhere in the $190-$200 range. At a current price of $245, I’m fairly confident that waiting for a 20% drop is the wrong strategy, and I’m going to attempt to convince you of that in this post. + +First, as an investor in cryptocurrency, I’m going to make a few assumptions about you: + +* You believe that cryptocurrency as a concept is going to grow in the long-term, i.e. you are looking to buy-and-hold. +* You favor maximizing return over minimizing risk, assuming there is an acceptable level of both. Otherwise, you would be diversifying instead of dumping cash into a single currency, and you would use dollar cost averaging to buy-in instead of timing the market. + +Now, a few global truths about investing: + +* Hindsight really is 20/20. Yes, there are periods of time at which a sudden large drop in price allowed people to buy-in and see a larger gain than those who bought prior. However, these opportunities are few-and-far-between, and usually follow bad news (scandal or technical problem). Assuming there are such events in ETH’s future, are you _really sure_ you’ll feel as bullish then as you do today? +* With volatile assets, short-term risk is inevitable. You may assume that you are not taking on risk until you hit Buy; that’s not the case. As soon as you mentally establish an intent to buy, but decide to wait, you are immediately risking missed gains. If the asset grows (as you believe it will), then those gains are most likely to be positive. + +Now I’m not going to explain why timing the market is a fool’s errand, I’ll leave that to [this Boglehead’s article](https://www.bogleheads.org/blog/bogleheads-principles-never-try-to-time-the-market/). Regardless of how you feel about Bogle, it’s hard to argue with the historical data. And while this particular article is based on the stock market and not cryptocurrency, the ideas are the same because the expectations are the same (stocks are expected to trend up in the long-term, and you expect crypto to do the same as we established above). + +Essentially, in the long term (you’re holding, remember?), time-in-the-market almost always beats timing the market because almost no one is able to consistently time the market -- there are too many variables at play, and you never know what is going to happen tomorrow. + +If you have a target price at which you want to buy (-20%), but ETH never falls to that price again, you risk holding onto cash indefinitely -- which has far worse returns than even bad market timing. Looking at Bitcoin, if you decided in January 2015 you would buy BTC after it dropped 20%, you still would not have bought-in. There are only a few periods over which a 20% drop actually occurred since, and the time windows are very narrow (a week or less between peak and trough). + +If you buy into this reasoning, then it follows that investing today will, on average, produce better returns than investing tomorrow. You still want to maximize those returns, right? + + +### But we’re in a bubble! The market will correct itself any day! + +That could very well be. It could also be that we are at the start of a much larger peak; one that makes the current growth curve look like a tiny bump a few years down the road (and makes VB the wealthiest person alive… lucky guy!). I think the strongest evidence against a bubble is the growth of the cryptocurrency industry as a whole. The combined market cap of the top few currencies a year ago is in the $10B range. Today, it’s over $60B. That is a lot of new money entering the industry -- i.e. it’s not just Bitcoin converts driving up the price of ETH. Cryptocurrency as a whole is getting a lot more mainstream exposure, and attracting new investors (like myself). If you feel this is likely to continue, then the bubble argument is less compelling. + +But who really knows? Answer: neither me nor you. + + +### But I did X and it has worked for me! + +By the way, you can pretty much discount any advice about cryptocurrency that is backed-up with “it worked for me”. Let’s ignore the obvious [pragmatic fallacy](http://rationalwiki.org/wiki/Pragmatic_fallacy) and look at Bitcoin's price history: + +http://imgur.com/TZih5wn + +You’ll notice that it is higher today than any point in its history. Despite its issues, Bitcoin has grown tremendously over time; there is literally not a single point in time at which you could have invested in Bitcoin and lost money assuming you bought-and-held (barring hacks). Therefore every investing strategy that someone could have used to buy Bitcoin would have “worked for them” in the long term, assuming they held. Returns are expected when the market goes up; it is only interesting to look at cases where buyers beat the market, and how many actually bother to show evidence of this? + + +### But what if you’re wrong? + +I didn’t write this post with the intent of predicting the ETH market. I can’t do that; instead my goal is to explain and exemplify why timing the market doesn't work. Even if ETH drops 50% tomorrow, this advice doesn’t become “wrong” -- it’s the market defying our own expectations. Enjoy the cheap Ether while it lasts, and regardless, enjoy them long-term gains. + + +### Finally: The psychological component of investing + +Trying to time the market can cause a lot of stress. Before you buy, you’ll worry that it’ll never drop to where you want it. Then after you buy (assuming that happens), you’ll worry that you bought to soon. Even if it starts going up, you’ll still worry that it’s just temporary. + +Once I came to accept that timing the market doesn’t work, investing became a lot more enjoyable for me. Whenever I have some spare cash, I throw it in a market and forget about it. Down the line I’ll come back and take a look, and since the market always goes up (eventually!), I’m always happy with the results. +Quick Facts - + +* I just got laid off today; 34M 30F married no kid +* Joint net worth = USD 500k (combined with cash, 401k retirement, vanguard accounts, and 3 rental properties to provide 3k cashflow/month, net) +* Working in a bank in HCOL city - the job I absolutely hate but paid well (100K); I want to switch my career. +* Wife works and loves her job. She makes 100k per year. +* We are frugal and have some side gigs making another 40k which covers 80% of our expenses. +* I received a severance package of 6 months' salary. + +Today is unique. I never thought that I will get laid off one day but this just happened. At 2 pm, I received a call from my director and was told to stop by his office. When I opened his door, I saw him and HR. I immediately knew what about to happen. They told me that due to market performance and some other bullshit, they decided to eliminate my role. (Well, I later found out that they actually eliminated the entire team, including my boss.) Then the HR walked me through the severance package - I received an additional 6 months of salary. + +When everything was over, I calmly walked out of the building and called my wife. As I expected, she wasn't too surprised. She knew how much I disliked my job every morning and was edgy to quit in a few months. Financially I know that we will be fine. Since the first day of my professional life, I have been working very hard for FIRE. As of today, our net worth is 500k USD with healthy cash flow. We owned 3 rental properties in other areas which bring us 3k per month. Plus we have some side gigs going on (e.g. eBay) which can cover the majority of our daily expenses. With that being said, we saved about 8k - 10k every month. + +**Some thoughts -** If this thing happened to me 4 years ago, I would definitely shit my pants. But now, I think it is a great opportunity for me to step away from the career I absolutely hate. I think it is quite interesting that people talk a lot about climbing the career ladder. I think it is also important to find the ladder you like then climb it. Blindly climbing a ladder is wasting your time and will make you miserable day by day. I plan to take some classes to learn something I really like and get ready to switch career. I need to find the ladder I like before climbing. + +**Thanks To this Sub -** I discovered this subreddit in 2016 when my previous company was firing people left and right. I was threatened by management and worked my butt off to avoid being fired. I was so scared and I cannot sleep. When the storm was over, I told myself that I will never experience that feeling again. Then I started to save aggressively and started to get into rental properties. I also learned the 4% rule from this sub and started to put money into VTSAX. I cannot have this FIRE mindset without you guys. So Thank you! + +**What's next? -** Still undecided but I want to take a break for few weeks. I know I cannot fire right now and still have a long way to go. But I have some side projects going on but really didn't have time to proceed. Now I can really get started and forget about passive-aggressive coworkers, the commute, and useless meetings/deliverables/deadlines. + +&#x200B; + +**12/10 Update - Wow! 1.3k Upvotes!!! Thank you!!** + +Have to make some clarifications below as I saw some repeating questions - + +1. Wife is a SWE working for a small tech company; +2. The 3 rental properties are NOT in HCOL. They are few hours away but we are still managing them by ourselves. I started to buy them since 2016, my FIRE ah-ha moment. I was 30 and got serious about saving and investing. +3. Interesting point - Numbers of coworkers called and texted me; some of them are my good friends and really care about my financial being and career development. I cannot give them the whole picture and just simply told them that I will be fine and want to take a break. +4. It is quite incredible to have 1.3k upvotes and hundreds of comments after only 24 hours. My wife and I read them together and put smiles on our faces. :) I feel so fortunate to join this sub and can share my journey with you guys. Regardless of your age and financial stage, start pursuing FIRE today! It is a start to set yourself free! and I am sure you will reach your FIRE. Let us work together :D +We're in the process of shopping for a vacation home and I'm really struggling with both the state of the market and what budget to set. + +Our stats: + +* NW = \~$12M + * $7.5M in Stocks / Bonds / ETFs + * $3.5M in Home Equity + * \~$1M in everything else (illiquid equity, 529s, HSAs, HYSA, ...) +* Cash Flow + * 2 pretty stable W2 incomes combined: Base $480k, Bonus $150k + * Mortgage & Taxes & Insurance on primary home: $7k / month + * Spending outside of housing is probably $12.5k / month +* Probably going to work another 10 yrs. Wife may hang it up in 5 yrs. + +I think we're well into FI range and our desire to keep working makes this tough. Clearly a vacation home is a total luxury, but it is one we can afford. Also, it will probably be our retirement home when our kids are old enough to leave the nest (\~15 yrs from now). When we get there, we'll sell our primary home which won't have a mortgage anymore and add \~$4M (in today's money) to our portfolio. + +I'm thinking we spend $2M - $2.5M. At $2.5M, we take an interest only loan for $1.5M giving us payments of \~$6k all in. We can cover that from our W2 income. We sell $1M of investments to cover the rest and get to the 60% LTV to get the loan. + +We're still saving our bonus money \~$100k / yr (after taxes), maxing our 401ks, and letting our $6.5M compound. + +On one hand, this plan seems crazy as we're spending everything we make (base). We didn't get into the position we're in by doing something like this. On the other hand, if we don't do something like this, we're going to die with $100M and will have missed out on something we've always wanted. + +Thoughts (especially if you've gone through similar calculus)? + +P.S. Don't try to talk about why we want a vacation home. That thread is already been covered. We've evaluated the pros / cons and we're doing it. +Story time: I sent some money to a gambling site a long time ago without knowing that it was against the ToS. Coinbase shut down my account completely. No problem; it's their right. + +However, someone owed me money and I had once given them a Coinbase BTC address. They stopped replying to me but yesterday I got an email saying I got sent the money (around $300). I logged into my Coinbase account and [here is what I see](https://gyazo.com/2d12f1a8592937e7d711e11583abb64b). + +I didn't click the "close account" button because I was expecting some payments, but when they came they didn't even show up and I have no way to withdraw them. Coinbase is not replying to me. Coinbase support, please help me with this issue. Thank you. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your 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. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Alright you lot, now I have a serious question what price do you think LKE can get to this year with the current lithium hype,incoming announcements etc, if it wasn’t for this sub reddit I would have never sold my boring ETFs and gone all in on a speccy so I thank you for that +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. 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You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +I'm looking to be promoted to the highest tax bracket and would like advice and tips on I should be doing ? + +Edit- thanks everyone for commenting, my summary is: +1. Nothing really changes other than a few more luxuries +2. Tax hurts more +3. Always look for ways to reduce taxable income! +I have been doing loads of research in the past week and I have come across two stocks that I'm pretty sure I'll be investing in and I would love some other people to take a look to see if I might be missing anything important. + +First, Rave Restaurant Group ($RAVE). They own two pizza chains: Pie Five and Pizza Inn, which is international. Revenue has been generally decreasing since 2017 but their EPS has recently been increasing, though not by much (As I type this, I'm already reconsidering, which is good!). Their balance sheet looks fine and they have a fantastic gross margin. + +However, the thing that really got my attention is their CEO: Brandon Solano. From what I've seen about his previous work experience, he seems to be a great marketer. He has worked as a marketing director for Hershey, as the VP of Innovation and the VP of Development for Dominos Pizza, the CMO of Wendy's, Papa Murphy's, and Pei Wei. I think if anyone is going to revive RAVE's pizza chains, it's gonna be this guy. The COO, Mike Burns also has lots of experience in the restaurant industry. + +I should also mention that there was a small amount of insider buying happening last year (<$80k total). That's how I originally found this company through Open Insider. + +The way I could see this investment not working out is if the marketing just doesn't convince people to go to a Pizza Inn or a Pie Five as opposed to one of the many other pizza places out there, which is a real possibility, especially with such a competitive space. + +&#x200B; + +The second company is Petros Pharmaceuticals ($PTPI). They currently sell an FDA-approved prescription for erectile dysfunction called Stendra. They are also in the works to get Stendra approved by the FDA for Over-the-Counter use. This would make Stendra the \*first ever\* prescription grade OTC treatment for ED which I think has huge potential. Their revenue has been steadily decreasing though and their balance sheet isn't great. So I guess this is more of a speculative play than a value stock. + +The main reason why I'm including it in this post is a recent insider buy by one of the directors of $2.85 million worth of shares. + +&#x200B; + +I would really appreciate some feedback on these. Thanks! +Is there a good book you would recommend for someone without a financial background to read up on before reading the intelligent investor to get a better understanding of it? + +I intend to read both the intelligent investor and security analysis by Benjamin Graham. + +Thanks +Not strictly speaking of company stocks. + +Do you keep more cash? What about inflation? +Bond ETFs? +REITs? +Index funds? +Small cap,large caps.. +Commodities? +Metals? +Building materials? +Or do you even ride with the growth stocks? + +This market and inflation is going to hurt. +I feel like old man buffett has been slapping reddit ‘portfolios’ in the face this year. I do enjoy it. + +To be clear, I am saying that value investors are outperforming the s&p again. However, I am probably too excited about this development. +Some consider Howard Marks to be one of the greatest investors of our times. Yet, whenever I listen to his podcasts, read his newsletters and books, I fail to see the brilliance. What I see is a bunch of platitudes on cycles and investor psychology, like this quote from Mark Twain about history "not repeating itself but rhyming" repeated ad nauseam. Also, don't need to be a genius to recognize that we are in the latest inning of the market cycle ... What am I missing about him ? Or does he keep the secret sauce for himself such that the public figure does not give justice to his talent as an investor ? + +This post is a reality check on IOHK's latest investor disinformation campaign: https://iohk.io/en/blog/posts/2022/01/14/how-we-re-scaling-cardano-in-2022/ + +Tldr: It's great to see they are starting to acknowledge Cardano's scalability problem, or at least pumping the brakes on their unsubstantiated claims of having solved the trilemma. For the first time, 2021 saw the Cardano community publicly acknowledge some of the limitations of their design that critics have pointed out for years. We've come a long way since IOHK was still pretending this was almost ready to go: +https://nitter.net/iohk_charles/status/1287481374224420864 + +**1. BLOCK SIZE/ 2. MEMORY/ 3. STORAGE INCREASES** + +The bigger the blocks, the higher the memory, and the more storage- the faster the chain. Basically every chain that isn't already run on super computers can increase blocksizes, memory or storage requirements if they are OK with more centralization and less stability. That's the trade off. That's true for Cardano, and it's true for every other chain. + +But how much room does Cardano have to increase parameters? Cardano already has pretty much the same blocksize as Ethereum (72Kb vs ETH's average of 80Kb) and dramatic increases in blocksize will decrease the number of people who can afford to run nodes, and it also makes the network more likely to fork. The theoretical max limit is 28x the current blocksize, but that is almost certainly not practically possible, and no one supports increasing it to even half of that (which is about the most that has ever been tested), because increasing the blocksize isn't free. How critical is it for Cardano to maintain as small of blocksizes as possible? + +Critical enough that the plan is to only increase in 12.5% intervals when absolutely necessary. The fact that anyone is at all hesitant to increase Cardano's limit when it's 72kb tells you that this isn't a free trade. There is no plan to ever reach max parameters. Edit: they can actually increase the block size OR decrease the block time, but as they both directly factor into block propagation times, either choice produces the same throughput limit. The decision has more to do with which hardware requirements you want to increase. + +https://np.reddit.com/r/cardano/comments/pf25jk/without_hydra_cardano_probably_wont_be_faster/?utm_medium=android_app&utm_source=share + +What makes Cardano fundamentally slower than every other chain is how bloated their tx sizes are. We've all heard the sales pitch "And Cardano has native tokens that don't need smart contracts!," but what you didn't get told is that native UTXO txs on Cardano are an average of 500 bytes WITHOUT smart contracts. And that a basic, native tx is larger than the average Ethereum tx WITH smart contracts. + +And no, the "And Cardano can combine 20 txs into 1 !" meme doesn't make any difference. The size and speed of each block is all the same regardless of whether you call it 1 tx or 20tx's. The only thing combining txs does is make Cardano significantly cheaper to DDOS. + +https://messari.io/asset/ethereum/metrics/network-activity + +Native Cardano UTXOs are bigger than the average Ethereum tx, and Plutus smart contracts txs are even bigger that - a lot bigger- like 40x the size of Ethereum smart contracts: + +**Sundaeswap determined that the Cardano network was their primary bottle neck and measured Cardano's real-world throughput for their smart contracts to be 0.15 TPS.** That's 47x slower than a native UTXO on Cardano, 100x slower than an Ethereum tx, and 66,000x slower than a Cosmos and Terra tx. 0.15 TPS is a max of 12,960 txs per day, under ideal conditions... on the entire Cardano chain. + +https://sundaeswap-finance.medium.com/expectations-congestion-mainnet-launch-e9da5abfd819 + +Edit: Sunday swaps medium posts are all offline now. +https://web.archive.org/web/20220117005224/https://sundaeswap-finance.medium.com/expectations-congestion-mainnet-launch-e9da5abfd819 + +Cardano's problem is much bigger than anything that can be fixed with a 2x parameter adjustment. Max parameters will never be implemented, and even then, they would still leave Cardano more than 3x slower than the second slowest L1 chain, Ethereum. + +**4. Pipe Lining and 5. Input Endorsers** + +...are great ideas. So why are these still in the research phase? They're promising to deliver a plan that hasn't even been designed yet. Let's assume these get designed and developed in 2022. Then Cardano is in the ballpark of Ethereum L1's low tps and high congestion. + +**6. Plutus Script Enhancements** + +These are basic functions (that are still in the research phase because of how they conflict with provability in Hydra). Plutus should not even have been released before they developed reference and data inputs. That was an obvious problem, and it was a huge mistake that will create chaos and disappointment. + +Edit: putting something as basic and critical as reference inputs on the roadmap for 9 months after smart contracts are released is the definition of "move fast and break things." Also, nobody has explained how they solved the conflict with provability. They didn't leave it out of Plutus because it's a minor problem: https://m.youtube.com/watch?v=3dc6zG9EjWE&t=37m30s + +Cardano will alway have much larger txs than non-UTXO chains because native UTXOs are so large. On top of that, Plutus' smart contract implementation is extremely bloated and inefficient. The problem is that Cardano's UTXO model can't store smart contracts on-chain. So instead of calling an on-chain smart contract, every Cardano SC tx must include the SC script in every tx, because there is no on-chain SC that can simply be referenced again and again. This makes every Cardano smart contract very large. + +Cardano currently does native asset txs (without smart contracts) at 7 TPS, and that's the theoretical minimum SC size, if they figure out how to compress SCs 47x. And that means that Cardano SCs will always be at least twice as slow as Ethereum L1's unbearably slow 15 TPS, for the same blocksize. + +Now is a good time to point out that it's clear from their rhetorical focus of comparing their chain to the next slowest chain, that Cardano holders have no idea how slow Ethereum is. Up to this point in time, almost all of Cardano's txs have been basic UTXO's that haven't filled up blocks, because they are a small fraction of the size of smart contracts. + +Four months after going live, no one really uses smart contracts on Cardano yet. Muesliswap doesn't even have $100 Million in TVL (and doesn't have $5M in liquidity to other tokens). Small NFT drops did bring the network to a crawl, but we haven't seen speeds across the whole network change dramatically like they will when Sundaeswap launches a real DEX and much bigger txs flood the chain Thursday. + +And catching up to Ethereum L1 will not be good enough. Ethereum has L2s already, and nobody would use Eth L1 if it went live for the first time today. Ethereum has the first mover advantage of having all the liquidity. Whales don't care about a $200 fee, they care about liquidity. They need to move in and out of large positions quickly with as little price impact and slippage as possible. + +**7. Node Enhancements** + +This is not a scaling solution. Yes, fix your bugs and optimize your code. No other chain thinks a node update is a "scaling solution." This is ridiculous. Let me say this again: Cardano is currently 66,000x slower than Cosmos and Terra. + +**8. Side-chains** + +Great idea. But Cardano doesn't have any decentralized side-chains, and they didn't even get serious about funding any until late last summer. Proper sidechains are the real solution. Milkomeda is on the right track with their M1 sidechain. It's an accounts model Solidity EVM sidechain that has 32 permissioned nodes and uses slashing. Congratulations on abandoning all of your stated goals, and rushing to produce something usable. We waited six years so Catalyst could fund BSC 2.0. + +https://dcspark.gitbook.io/milkomeda/our-solution-1/the-m-1-sidechain + +**9. Hydra** + +A comprehensive plan for interhead Hydra implementation that approaches anything close to a generalized L2 has yet to be described, let alone developed. We're still waiting for a basic description of how isomorphic state channels will ever scale dApps or have any use between untrusted parties. Hydra's 2022 release schedule is for payment channels between trusted parties. Yes, it will be able to handle smart contracts, but not any smart contracts that dApps use. Hydra heads have to be closed every time a party joins or leaves, and they have no known application for dApps. Hydra is really irrelevant, because native UTXO transfers aren't the problem right now. + +https://np.reddit.com/r/cardano/comments/s18wie/should_cardano_be_prepared_to_abandon_hydra/?utm_medium=android_app&utm_source=share + +**10. Off-chain computing** + +>"Transactions occur outside of the blockchain itself, yet can offer fast, cheap transactions via a trust model." + +Brilliant. This is a creative solution. Off-chain **trusted** computations. *Finally something that makes sense.* Yes, Cardano users should definitely do their computations somewhere they trust, off-chain... Muhammad Fucking Christ. Let me suggest they do their computations on one of the 79 other L1 blockchains. + +Edit: there's a massive difference between off-chain to a trusted party and off-chain to decentralized, trustless rollup or side chain. They are not remotely the same. That's why Sundaeswap had to come up with the convoluted scooper model and Maladex wrote a book detailing their experimental solution to countering the specific vulnerabilities of off-chain code (some of which on-chain verification will never detect). In the YouTube link above, Sebastien from DC Spark says Cardano is years away from having rollups. + +**11. Mithril** + +>To achieve greater scalability, you need to address the complexity of critical operations that depend logarithmically on the number of participants. + +What? This is straight gibberish. Mithril is obviously not a relevant scaling solution. Mithril is a solution to a problem that many other chains don't even have. Even Ethereum can run a trustless lite client for nodes. Wtf does that have to do with how slow Cardano SCs are? Light client nodes don't write blocks in Cardano. Your inability to figure out a trustless lite client is irrelevant right now. + +**12. Fees** + +The short term consequence of Sundaeswap's launch will be a DDOS attack. Txs across the entire Cardano network will take days to process. I predict that Sundaeswap will be forced to throttle their volume, so that the rest of the chain is usable. Best case scenario for EOY 2022, Cardano users can expect Ethereum L1 tx speeds, if everything goes right. + +And Cardano has another problem they still haven't solved that Ethereum doesn't have. Slow blockchains require high fees, and Cardano doesn't have dynamic fees. Price fixing always creates shortages. They need dynamic fees. There's no way around supply and demand. Everyone has been saying Cardano's fee model wouldn't work for years. IOHK is just now taking the question seriously, and their recent moves on fees makes it clear that they have no idea what they are doing. + +People don't pay fees for fun. The fees are the only thing that make Ethereum usable. You can underpay gas on Ethereum and wait days for the tx to go through if you want, but you can't manage Defi positions or even use a DEX without cutting in line to get immediate settlement. + +It doesn't matter that txs have a deterministic order. The Cardano chain can't compute every tx (off-chain) and magically update price feeds with future prices, before the blocks are written. Even on Ethereum txs frequently fall outside of reasonable slippage in minutes. The slippage required to guarantee a tx over 24 hrs would regularly be a double digit percentage of the trade amount. And high slippage is especially a vulnerability for Cardano because so many dApps feature some risk of trusted party ordering. Low slippage is a protection against that. + +Also, fees are how slow chains keep from getting Ddos attacked (RIP🏴‍☠️ NANO). If less than 13k txs take 24 hours to clear, anyone can completely stop all traffic on the Cardano network for the cost of 13k txs. And they can render it functionally unusable for a fraction of that. The Cardano community has only recently begun to admit that priority fees will be necessary, and their plans for tiered fees are poorly thought out. Search their sub for "fees" and read them blindly trying to reinvent the wheel. This is basic economics, and they have done no real research on it. + +For years we were told that the whole point of Cardano was to avoid launching broken products like this. Cardano's reputation will never recover from this "Move slow and break things" for a food DEX (that originally chose to launch on BSC). + +ADA was worth more in 2018 than it was worth during its dip last week. What coin do you think ADA holders will have to sell to buy the other half of liquidity pairs to earn rewards on these DEXs? 🤔 + +Cardano has not been waiting to release better designed, more secure products. Txs that take days was not part of the 4d chess plan. Look at Sundaeswap's audit and the Plutus exploit. It's the same stuff we see on other chains, plus slow txs, plus trusted off-chain elements, plus a roadmap that is critically reliant on problems that are unsolved. + +None of these problems are going away in weeks. The problem with Cardano is the complete lack of honesty from leaders and influencers like Charles Hoskinson, who regularly makes false claims, and a culture of over optimism and anti-critical thinking. Their plan isn't going well, and their jobs rely on them not admitting it. +Myself, and many others in the DADI community had received this email recently: + +https://i.imgur.com/CHiQ5mL.png +This is one of 3 emails I had received, all of which containing my first and second name (censored for obvious reasons). + +Any newbies to the scene could have easily fell for this most recent one. It contains a link to myetherwallet.com, but with dots underneath the letters (similar to the recent Binance phishing site). Some of you may also remember last month's data leak, which allowed phishers to make off with $60k in ethereum. + +I had shown my outrage on the DADI subreddit: https://www.np.reddit.com/r/DADI/comments/83y223/why_the_fuck_am_i_receiving_emails_from_phishers/ + +Without acknowledging any of my concerns, my post was deleted. Mods didn't respond to the post. As of 13th March 2018 8:00 GMT, over 10 hours since my post was made, the DADI subreddit continues to be on lockdown, with mods deleting any post related to this. + +Over on the Discord, I was immediately ejected within a minute for voicing my concern. Here's a screenshot another user took of them covering up the whole leak, saying 'our data is safe': https://i.imgur.com/LfkVl2S.jpg +Here's another user who received the same email: https://i.imgur.com/CQoliD5.png +For a 'decentralised' project, isn't this quite centralized, wherein the subreddit, discord, telegram etc. is moderated entirely by lead devs for this project. + +If anyone has advice on how to report this exploit of my personal data to higher ups, please let me know. If you aren't concerned about this, consider the fact that you've provided them with extremely sensitive KYC data to participate in this ICO. Regardless of if KYC data was leaked, this is a clear breach of the Data Protection Act, which is appalling in a sector concerned with privacy. + +Edit: Meanwhile in the Telegram, the admins claim this is completely fine because it's just a mailing list leak: +https://i.imgur.com/etQxG5q.png + +Up until a month or so ago I'd been renting a property but due to Covid I haven't been living there full time. Towards the end of my tenancy while I was away, some kind of damage occured and neither my landlord nor myself can identify how it came about. My landlord tried to place the full blame for the issue upon me which led to an extended exchange wherein he essentially refused to budge on his position and stated that he was going to take the entire deposit - he listed a number of minor issues which I accepted, but primarily the deposit was witheld for the damage. This led to me researching deposit arbitration and informing my landlord that we should pursue such a path. + +Subsequently, my landlord has informed me that he did not protect my deposit and has refunded the aspects I disputed. I'm not quite sure what my rights are in this situation? My landlord was relatively poor throughout my tenancy and so I want to ask for the remainder of the deposit back, is this reasonable? He claims he unintentionally left the deposit unsecured but I'm inclined to think this is something he does consistently and so part of me thinks I should perhaps even take court action, although I'm reluctant to if I would have to attend in person. + +Interested to hear some thoughts and opinions! +I just want to kindly give a heads-up to all the people who have been trading for 3 months and having lots of success. This is a market that is not exactly rare but maybe uncommon. It’s a bull market in a hard time, which makes it seem like not such a bull market. + +At some point, the market is going to act very differently. What worked recently might not work in the future. Please remember to preserve your capital first, don’t chase and be willing to change. + +I’m not trying to take away from your success. I just want you folks to preserve your capital first! Happy trading! +teaching myself python and my understanding is that HFT requires faster languages likes C++ (Rust?), and yet I see Python is still an oft required skillset on quant dev applications. So im just wondering, under what circumstances might one use python instead of C++? both in a trading context and otherwise +Mainly speaking on Apple here but I've had this problem since I started my journey with dividends. When is the right time to invest in a stock that focuses on growth but pays dividends? Personally i found that just investing right there and then is the best time. In my case, I saw apple at $380 and said nah ill wait, then it went up to $441 and I said nah ill do it tommorow. When tommorow came it was up to $460 and I wanted to flip a table, because I didn't invest the first time or even the second time I lost so much. Eventually I got in at $456 but even then I was skeptical because I wanted the lowest price. I said screw it, now or never, and got in. Now the $1 ~ $3 dip i was worried about turned into a 9% gain($43). I think its a useful experience others can benifit from so i thought i would share! +$3/day is $1095/year; $91.25 a month. What could you do with an extra $100 a month? + +The rule is simple. I save three dollars a day. Somewhere, Somehow. At first this was as easy as not buying a coffee in the morning. Or not stopping for fast food on the way home. Now it is paying debt early, moving money around, more complex financial transactions. But, sometimes, it is still as easy as not buying coffee. + +The point is, the dollar amount made me THINK about how I handled money. It gave me a simple way to introduce myself to the idea of money as a future commodity. Pick your own amount. Pick your own way. But if you have trouble getting past the mental hurdle of digging out of debt and gaining financial independence. This trick may just help you. +What emergency fund are you most comfortable with in terms of size? 1 month, 3-6 months, more? I took the “wrong” approach and aggressively paid off all my student loans out of college before creating an emergency fund. Now that I am in a position to do so, I’m looking to build mine. I’m thinking 3 months minimum, potentially up to 6 months. I’m in a very stable industry and seem to have job security so I think 3 is more appropriate for me. + +Additionally, do you keep your E fund in a separate high yield savings account? Do you account for funds in your standard checking account and if so do you count that in your E fund? I’m having a hard time knowing if I should keep say, $3,000 in my checking for when I pay off my credit card, bills, rent etc, and then another 3 months in my e fund. + +How do you segregate everything and what are some rules you have found helpful! Thanks! + +Edit: I knew that the answer was dependent on personal situations but based off your comments I can see there are a lot of variables so I thought I’d throw in some more personal info: Additionally, if it is relevant, I am 24 years old and have very reasonable expectations for a larger income/rapid growth over the next 3-5 years if things continue the way they are. Currently rent an apartment, not married, low expenses all in all and have a 45-55% savings rate on a 72k salary. That fluctuates just because around 23k is based off bonuses that are basically guaranteed and with those bonuses I contribute to retirement/savings accordingly. +Hi all, + +There’s a post on the sub currently about escaping the 9-5, I’m asking the opposite. + +What 9-5 would you recommend? I’m looking to get out of hospitality and get into something with regular hours and schedule. +To add: The world’s ninth-richest person believes in his friend’s car company. + +[https://www.marketwatch.com/story/larry-ellison-discloses-1-billion-stake-in-tesla-2019-01-08](https://www.marketwatch.com/story/larry-ellison-discloses-1-billion-stake-in-tesla-2019-01-08) +&#x200B; + +# 0. Preface + +Not a financial advisor. I also have no financial experience or qualifications. Thought I'd make that clear per a commenter on my last post who wasn't happy with me. ;) + +Also apologies if some of this doesn't read right. A bit buzzed typing it up lmao. I'd be happy to clarify anything in the comments. + +Hello apes. You might remember my previous posts. But just in case, I'll add them here once more because I'd like to expand on them a bit further. + +[The Danger Zone and the SI Report Loop](https://www.reddit.com/r/Superstonk/comments/n792mf/all_shorts_must_cover_theyre_entering_the_danger/) + +**Summary:** Short positions are required to be reported twice per month on "Short Interest Report Settlement Dates". Between each of these settlement dates, the price has a volatile move both up and down. Consistently between each cycle is a higher price floor. Melvin received their $2.75 billion cash injection the day $GME spiked to approximately $160. They have crashed the price from $350 every time. As they bleed money, it appears that the margin call price lives in a "Danger Zone" between $160 and $350. + +[Net Capital Bomb - AKA The Margin Call](https://www.reddit.com/r/Superstonk/comments/n4h832/major_deep_itm_call_option_dates_a_massive_net/) + +**Summary**: Citadel and any other MM that have been complicit in naked shorting of GameStop now worry about net capital (or in a sense their own Margin Call). They must have sufficient capital to support their debts, such as short positions, so that they can payout in the event of a default. The more shorts they open, the higher debt they have, and thus the more capital they need to raise in order to avoid going net negative and violating [Net Capital Requirements Rule 240.15c3-1](https://www.law.cornell.edu/cfr/text/17/240.15c3-1). + +I've seen a **TON** of posts regarding TA, wedges, MACD crossing, RSI, "breakout signals", etc. but I always wondered **why** these patterns repeated. And of course, wondered why nothing would happen even if we had 'bullish' breakout signals. We'll see posts about wedges breaking and attributing it to "shorts using all their ammo" or "whales buying it up" but I have reason to believe that the price spikes, both up **AND** down, **are caused by the shorters**. Don't stress about the daily movements. Seriously. Your mental health will thank you. :) + +GME is a curious case. For that I truly think there is an underlying reason for the price movements. Which is why I started looking into major option dates, came up with T+13, scrapped T+13, and eventually arrived at the SI Report Loop theory. I mean, that isn't to say the major option dates still don't play a role here - in fact I'm going to touch on that subject in this post as well. + +This is all just a working theory trying to explain **why** the price is moving the way it is. I would love to continue building on it, fitting in pieces from other apes, or until the theory crumbles. But so far, it has made me enter complete Zen Mode. I don't even care about the price. I'll explain why. + +https://preview.redd.it/eoldh4kokey61.png?width=744&format=png&auto=webp&s=3bd4fd5fe7a613af88cc80bc0ae0b4272d2d9fb5 + +# 1. Hedgies Are Trapped Between a Rock and a Hard Place + +They're truly stuck. Things were honestly looking in Melvin/Point72/Citadels favor back in February but it has since been a **huuuge** middle finger back at them because retail got their second wind as of DFV doubling down on February 19th. + +Let's take a look back at the data /u/broccaaa found for SI% versus PUT OI. This is my favorite chart, ever, by the way. When ever I have doubts I just look at this chart. + +* The top, in orange, is PUT OI. The top, in blue, is CALL OI. Both PUT and CALL OI is reported in **millions**. +* The bottom, in green, is SI%. The bottom, in blue, is FTD % of float. + +https://preview.redd.it/fsryz4xvxey61.png?width=1846&format=png&auto=webp&s=8d5c3fb036686338d555bb56d6c0cd008a9b0dd4 + +When the January runup happened, the shorters hit the motherfucking **emergency button** to block buys on exchanges. This allowed them to fake-out to the world that they 'covered' by dropping SI% like a rock. **This killed motivation worldwide and the price hovered around $40 throughout February.** How did this happen? Well, most likely by hiding the shorts in PUTs. You'll see that PUT OI goes absolutely insane when the SI% dropped. How insane? **At it's peak, the PUT OI was roughly 2.00e6 = 2 million PUTs = 200 million shares worth**. **Does that sound normal for a stock with only 70 million outstanding shares and only \~50 million float?** + +What's even better is from this data that /u/yelyah2 collected, we can see what options were used to hide these shorts. I've highlighted in red the data from January 26th, just before the craziness occurred. And then you can see what the PUT OI was for each date prior to expiration (dashes following). As you can see they spread their shorts pretty evenly between these major dates. + +https://preview.redd.it/f69s5ephyey61.png?width=1112&format=png&auto=webp&s=374144d795e4f7bf41024863c8b473ddd675b112 + +So it's just a working theory of course, but every single one of these dates expiration should result in shorts popping out. In this case, roughly 400,000 OI = 40 million shorts **per major option expiration (Feb 19, March 19, April 16, July 16, January 2022)**. They have to choose between a rock and a hard place: + +* A) Delaying the shorts once more by hiding them in **more** PUTs, **costing money to do so** +* B) Let the shorts be calculated in the SI% report upon the SI Report Settlement Date. + +**I'd like to note that with either A or B, the price is not effected. They are hiding the shorts in PUTs. They're not exercising these PUTs. They are simply storing their shorts away for a later date, but it costs them money to do so each time.** + +Which then enters the [Net Capital theory](https://www.reddit.com/r/Superstonk/comments/n4h832/major_deep_itm_call_option_dates_a_massive_net/) that I posted about. + +If they want to delay their shorts longer, they'll need to spend **more money**. The more money they spend, then the less capital they have. The less capital they have, the easier it is for them to go net negative and essentially become margin called. Ever wonder why crypt0 and other assets are doing weird pumps and dumps? Yeah. That could be why. + +They are probably on their last legs trying **so hard to raise capital to push things out while simultaneously trying to remain net positive**. Check the dates when d0ggi3 c0in started to pump. January 28th. April 14th. May 4th. Interesting coincidences, right? Am I crazy to think we'll see another d0ge pump on May 13th-May 17th, the next cutoff for net capital? + +# 2. Why the price spikes up AND down are artificial + +I'm going to steal some TA. Though only OBV because that's actually pretty significant. For any normal stock you should see OBV pretty much trending with a rough shape of the stock price. GME is... different. There's been very little volume on the spikes downward, implying that none of retail is selling and that the spikes down are artificial. And I truly believe that retail is not selling. I mean sure, there's probably some paper hands out there, but they're pretty much gone. Sorry /u/HomeDepotHank69 \- I'm stealing your OBV chart from your [Theory of Everything](https://www.reddit.com/r/Superstonk/comments/n66tzh/hanks_definitive_gme_theory_of_everything/): + +https://preview.redd.it/5dcqu7qmjey61.png?width=1119&format=png&auto=webp&s=d19795d493bd74c09ddb5cbc5dbe66479b12cfd2 + +But the OBV charct doesn't really explain **why** the price drops are artificial. It's literally just a chart of OBV increasing over time. It theoretically shows that retail isn't selling, but what exactly is going on here??? That's what has always bugged me. Because I want to know the underlying reason as to why the price moves. Which then led to the SI Report Loop theory. + +To recap from the "SI Report Loop" theory, below we have a chart showing each [SI Report Settlement Date](https://www.finra.org/filing-reporting/regulatory-filing-systems/short-interest). The Hedgies need to wipe out their shorts by these dates, otherwise they risk a spike in SI% upon the receipt date. They do not want SI% to spike, otherwise it screams to the world, "We haven't covered shit!". So ever since January 29th they've been stuck hiding their short position because they can't risk having retail come back in. Retail will shove a big ol' banana up their ass if they let SI% skyrocket again. But, obviously, from the price increase since February 24, they're fucked anyway because it's costing them more to hide their shorts every time. + +https://preview.redd.it/wutbcjnwvdy61.png?width=1385&format=png&auto=webp&s=d63c756cf0aa4444366e614c8db4f708a187e3d3 + +I'll refer to the time between these Settlement Dates as a "SI Report Cycle". + +* E.g. Feb 26-Mar 15 is a cycle because it starts and ends on two sequential settlement dates. + +Not only do they have to worry about hiding **new shorts** they open up during these SI Report Cycles, they need to worry about **FTDs from retail buy pressure**, **and potentially old shorts** that were hidden in options expirations that I mentioned in Section 1. For example, if 400,000 PUTs carried shorts and expired on March 19, they'd go, "Oh shit. We have to deal with those too". That's **MORE** money they have to spend in that cycle. With a higher price floor, that's even **MORE** money to continue their bullshit. + +# It is not a cycle of FTDs. The FTDs are satisfied when they first pop up. They satisfy these FTDs with synthetics, thus increasing their total short position. The FTDs are not "pushed out" but rather their short position is pushed out. + +# The cycle they battle is delaying their short position and avoiding the true SI% from appearing. Which at this point is probably well over 200%. Pushing these out costs them money, but does not influence the price because they don't ever exercise the PUTs used to hide the shorts. + +# The artificial spikes/drops are due to shorters combating retail buy pressure which occurs between SI Report Cycles. The SHORTERS are the cause of the spikes up and the spikes down. + +If you look closely, we get volatile movement up, and volatile movement downward between each SI Report Cycle. Every. Cycle. Now why is that happening? + +I am convinced that the volatile movement in price are caused entirely by hedgies fucking with the price in an attempt to suppress retail and shake them off. But their attacks are getting weaker because of wasting money on hiding shorts from major options in PUTs and getting closer and closer to going net negative in their net capital calculations. + +Anyways, here's what most likely happens in each SI Report Cycle: + +1. Retail buys in. FTDs pile up because they can't find legitimate shares. + +2. Synthetic shares are created by shorting the stock to suppress the price. Price goes down. + +3. Synthetic-covered ITM CALLs are bought up by shorters who need to deliver FTDs. Immediately exercised and price goes back up (net neutral effect, the synthetics shorting and then the FTDs being satisfied cancel out the volatility) + +4. The price going into the next SI cycle is the "true" price due to retail buying. It's consistently going up because retail is buying and not selling. A slow burn upward. + +5. They hide any additional shorts with OTM PUTs + +# We're seeing the price slowly rise because retail is applying buy pressure and not selling. If you removed all the fuckery, we would have seen the price steadily rise over time from January's $30 price point to today's ~$160 price point. Every single spike up is due to hedgies covering FTDs, and every single spike down is due to hedgies suppressing the price. THERE IS NO FRIENDLY WHALE causing these spikes. Each spike is caused by ITM CALLs being exercised. There is no "day" that retail suddenly has mass buy pressure causing the spikes. It is ALL because of the shorters are stuck trying to suppress the price and simultaneously having to satisfy FTDs between each SI Report Cycle. + +Let's draw a rough estimate of price movement in **green** if no fuckery occurred. Connecting the price floors from January until now. Hmmm. Looks similar to OBV. Doesn't it? + +https://preview.redd.it/qr5ir9ujnfy61.png?width=1383&format=png&auto=webp&s=5a446fa62937f91c33e1b5b6d40655c64e3d6f47 + +Let's roll back in time to January 13th. GME was the **craze** around the world. The price point was a meager $30 - many people could enter the game. Due to the hype, even the higher prices of $150-$400 was still attractive for enough buy pressure because the shorters were almost guaranteed to be fucked back then. + +You know what happened in January? **FTDs skyrocketed.** + +https://preview.redd.it/zjv8dnk17fy61.png?width=1897&format=png&auto=webp&s=3d0a27d4c70e20dcc2e6f87d3d2995efe660d37b + +The first oh-shit-what-the-fuck-do-we-do moment happened to hedgies: + +1. Retail buys in. A LOT. FTDs continue an insane pile up because they can't find legitimate shares since it was already over 100% shorted at the time. + +2. FTDs need to be stopped. Buys are shut down so that they can satisfy the FTDs and hide their short position to try to kill off retail motivation (we covered! Don't come back now!) + +2. Synthetic shares are created by shorting the stock to suppress the price. Price goes down coupled with retail paperhanding. + +3. Synthetic-covered ITM CALLs are bought up by shorters who need to deliver FTDs. Immediately exercised and price skyrockets. + +4. They hide any additional shorts with OTM PUTs + +5. Combination of #2 and #3 caused the January fake squeeze. All FTDs are now satisfied and they've hidden their short position, but in this process OPENED MANY MORE SHORTS BY CREATING SYNTHETICS. + +And thus, the entire January price spike was artificial and the drop was mostly artificial (note that as of exiting the January squeeze it still resulted in a higher price floor). + +The price died off a bit from January, and it probably was going to swing back into the shorter's favor. + +...Until DFV doubled down in February. It gave retail a second wind. A shitload of buy pressure entered due to the cheaper price, resulting in many FTDs that had to be satisfied through more synthetic shares. It was essentially a repeat of January because **it was a cheap price point for retail to enter**. Ever since then it has generated a lot of diamond goddamn hands because despite the artificial price swings, t**he game was still on.** + +And then of course, over time, the price has started to converge around $160 due to it being a little bit more expensive for retail to enter. We see higher price floors, but its tapering off because it's getting more expensive for retail to buy in. It's easier to have massive amounts of FTDs from buy pressure in the $40 price point than at the $160 price point. But that's not to say retail is losing. I'm simply explaining **why** it jumped so fast from a $40 price floor to a >$100 price floor and has since tapered off. + +**Literally any catalyst that causes buy pressure surge could cause a repeat of January and February because they'd have to deal with a shitload of FTDs.** + +GME has been tapering off with less volume because, well, less retail buying in over time due to a higher cost to enter. The price has been converging around \~$160 since March, and I believe that's all because of the higher price point of $160, so it's a little bit more difficult to get a lot of retail buy pressure due to it being more expensive than it was back before the February runup. + +They continue to match the retail buy pressure with shorts (\~50% short volume each day) to suppress the price, continuing to cause these ITM CALL purchases to satisfy retails' FTDs. But it's a fruitless effort because barely anyone is selling despite their tricks. And we see that it's fruitless because the price floor rises each SI Report Cycle. **Every. Single. Time.** + +# So now it's getting to the point where the price is back to the January levels when Melvin received their cash injection. They've been bleeding money trying to suppress SI% and dealing with FTDs by creating more synthetic shares. They can continue this effort... but it doesn't seem like they can much longer. + +Here's a picture of Melvin/Citadel/Point72 as of this moment: + +https://preview.redd.it/dbbct5b2bfy61.png?width=1349&format=png&auto=webp&s=c1b4e4b3b04bbd32521edde3c9305a36a7dc9268 + +# 3. Hello old shorts - Why SI% might skyrocket + +I'll leave you with this thought. I'll call back to the [SI Report Dates](https://www.finra.org/filing-reporting/regulatory-filing-systems/short-interest). In there, you'll find three columns: + +* **Settlement Date**: The date at which short interest positions must be determined. +* **Due Date**: The date at which the report of the SI from the settlement date is due by. +* **Exchange Receipt Date**: The date when FINRA finalizes the reports and delivers them. + +Settlement date. They NEED to have their shorts hidden in PUTs by then or else they are reported in the SI%. (Hey they could very well have figured out a new trick to hide shorts!) + +In February and March, the boys probably had enough capital to combat the 400,000 PUTs expiring and shitting out their short positions on them on both February 19th and March 19th. Since then, they have probably been struggling with **net capital** and need to keep it high enough while also hiding their short position. (Hello d0ggi3 c0in pump.) + +If April 16th crapped out a bunch of shorts once more, then they would have had to hide them by April 30th Short Interest Settlement. If they have not hidden them, then the receipt date for April 30th SI% is May 11. We could very well see SI% skyrocket on May 11. **Note: This is NOT a price increase. This is the SHORT INTEREST percentage that could increase.** Basically saying to the world, "Hey you remember how we said we covered? Haha. Good joke. Right? **Please be gentle...**". + +But of course, we saw some assets pump and dumping. Which might have helped them raise enough capital to hide those shorts again. Even then, they're stuck between a rock and a hard place of retail continuing to buy and very few paper hands selling. + +* Every SI Report Cycle, they need to satisfy new retail FTDs with synthetic shares, increasing their short position. (Price spikes up due to these ITM CALLs) +* Every SI Report Cycle, they want to try to kill retail buy pressure by shorting the stock, also increasing their short position. (Price drops down or spikes down) +* **The end result is the synthetics and ITM CALLs cancel each other out. The "true" price is revealed going into the next SI Report Cycle.** +* If any SI Report Cycle has a large amount of shorts spill out that were hidden in options, they'll need to determine if they need to delay them or let the shorts get reported on SI%: + * If they delay the shorts again through PUTs, it costs them money. They have to worry about their net capital and not go net negative. If it's going to cost too much, they need to pump/dump something to raise the capital. + * If they don't delay the shorts, then the SI% can skyrocket, initiating retail buy pressure again because it shows they haven't covered. +* Every SI Report Cycle and delaying shorts they bleed money, making net capital an ever-looming presence. They can't pump and dump assets forever. +* **It's just an endless cycle of them making more and more synthetic shares to satisfy FTDs. Digging a deeper grave every day.** + +I wonder... how long can they last? +Dont be a selfish motherfucker and be like oh im gonna sell 1 share at 10k to get my money back. If thousands of people do that, the peak of the squeeze will be SIGNIFICANTLY lower hence, fucking everyone over. I AM going to wait until I see that the peek is PASSED to SLOWLY sell a FEW shares. I AM doing it so the X apes also have life changing $. + +**NOT A FIANCIAL ADVICE, MY OWN OPINION** +As far as I'm concerned this bloke is an idi**... + +One thing you hear continuously throughout the book is that a house is a liability, and I'm sitting here thinking, hey maybe he's right if you look at it as real estate and rent it out you would make x amount of dollars a week which adds up over the years. +What the book fails to point out however is the fact that everyone needs a place to live and you will still end up paying rent somewhere. + +He discusses mortgage repayments as a "trap" that will get you stuck in the "rat race." Now I'm no expert but say I went out tomorrow and borrowed about $400k. My monthly repayments would be around the $1.8k mark. I'm already paying $500/wk in rent which works out to about $26k a year. + +The author says that a house is a liability, this would imply that you do not build any equity in holding a property. if you bought a place interest only and rented it out for 4 years you might pocket around $30k and that's great and all but how are YOU going to live? + +By spending in the ballpark of $100k in rent, that's how. So at this point, you're down $70k and have no assets. + +Now for the flip side, buy the house with a $100k deposit and pay the mortgage repayments for 5 years. $1.8k x 12 = $21.6k. +AND +You will build about $40k in equity with a 2.5-3% interest rate. +AND +You have the option to now invest an extra $4k elsewhere every year. + +SO YOU HAVE TWO OPTIONS: +A - You can either buy real estate rent it out and pay rent somewhere else and lose $70k in 5 years. +OR +B - Buy your own place for $400k ($500k total) with a $100k deposit save/invest $20k over 5 years, build $40k in equity, and possibly even make some nice CG if you're in the right area. + +Please tell me I'm missing something... because from where I'm sitting the author of this book is a scam artist and I have no idea how it is so popular. + +EDIT: On that note I know there are a bunch of books in the wiki but is there anything anyone here would personally recommend for an average 20 something? + +EDIT 2: Jesus I did not expect this response reading through all the comments soon thanks for the helpful info and tips ppl! +The highest-voted post of today was a post saying that Zoom is overvalued, linking to a "stock analysis". I was underwhelmed, so I suggest a counter-analysis. + +**Debunking the previous "analysis"** + +Basically, the only arguments were that: the earnings per share and the revenue per share are low. Both of which are usually irrelevant for an early stage company with a high potential for growth. + +The earning per share are completely useless for such a company: + +* Amazon had very low profit, or had losses for a large part of their history (so P/E ratio was >500 for 3 years, with a quarter at 3,600 and 7 quarters at infinity P/E ratio, [source](https://www.macrotrends.net/stocks/charts/AMZN/amazon/pe-ratio)). The average annual return on Amazon stock was +35% since then (1,000% total) +* Facebook had a P/E ratio of 1200 at their first quarter. Average annual return of +37% since then (933% total) +* Tesla never made a profit, so their P/E ratio has always been infinite. But average annual return of +49% since their IPO (3,700% total) +* Edit: I chose the most famous examples. But, because many commenters focused on those particular companies, I looked for random ones. Between tickers AAA and ACA, in the Russell 2000, I found Axon Enterprise, Ameris Bancorp, Asbury Automoative Group, ACADIA pharmaceuticals, and Axcelis Technologie. All traded with infinite P/E ratio, all of them were excellent buys at the time. P/E ratio doesn't mean anything by itself, especially for small and medium companies. + +I'm no financial analyst, but I think I can do better than that youtube video. + +The first thing to do is to look at their 10-K (annual report) +[https://investors.zoom.us/static-files/09a01665-5f33-4007-8e90-de02219886aa](https://investors.zoom.us/static-files/09a01665-5f33-4007-8e90-de02219886aa) + +A good analyst would probably read the whole thing. I just went to page 38 to read this: + + +[Zoom financial statement](https://preview.redd.it/v7kbr2iqm7651.png?width=1528&format=png&auto=webp&s=48f585e9b90c2aa915048f6569b2cb9e0028ea45) + +Here, you can see that their YoY growth in revenue was +148% in 2017, +118% in 2018, +88% in 2019. So, if the pandemic had not happened I would have assumed a revenue growth of 60-70% in 2020. Which would mean a 1 billion revenue in 2020, without a pandemic. The "practical investor" video states "suppose that Zoom does very well and their revenue for this year is 1 billion dollars". So, their optimistic estimation with covid19 and everybody working from home and talking about Zoom is... my base expectation for the counter-factual "no covid". + +**Why $68 was a fair share price in 2019** +For a company growing so fast, no one should care about their current EPS or revenue. Without the pandemic, you could imagine a $3-4 billion of annual revenue within 6 years. Compared to most companies, their cost of revenue is super low (20%). The research & development cost can scale pretty well (if you have 10 times more users, you can afford 10 times more software engineers, but you don't \*need\* 10 times more engineers). Same for "General and administrative". And their cost of sales and marketing would probably go down when they leave exponential growth (most of the revenue coming from recurring customers, it costs less to keep them than to get new customers). So, if they were dominant in that field, I could see them having a profit of 40% for their core business. They would probably use most of that do diversify, invest in new products,... (like Google is no longer just a search engine, profits from the engine funded their investments in other projects). But for an investor that's equivalent, that's money which grows the value of the company. In that situation, you would get $1.2-1.5 bn of profit/year. Let's say they have an EPS of 20 then, that means a valuation of 24bn --> share price of $96 in 2026. So, if I want a return > 5%, I would pay at most $68 in 2019. Which was basically the share price back then. + +&#x200B; + +**Questions to ask now that there is Covid19** + +How does covid change the company valuation? I don't think the personal use matters directly: those users are unlikely to get a paying account. And people will stop drinking over Zoom after the pandemic (at least not nearly as often). The money will come from professional accounts. But those free personal account can help as a marketing tool, getting people used to the tool, everyone talked about Zoom. + +The questions are: + +1. For how long people are required/encouraged to work from home because of the pandemics +2. Does this significantly change culture after the pandemics? +3. What shares of the professional video conferencing does Zoom capture? +4. What are their margin on revenue? + +My estimates would be: + +1. Lots of variance, but I guess a large share of the jobs which can be done remotely will be encouraged to work remotely, at least part of the time, until enough people have been vaccinated to reach herd immunity (hard to predict but end of 2021 is reasonable). +2. If it lasts for so long, many companies will have put things in place making remote work easier. People will have gotten better at this. Most people will return to the office, but I bet it will change the remote-work culture in a big way. +3. That's the biggest interrogation mark for me. Because of the quality of product, tons of users used the free version during the pandemics (even though there are many other free services). So the name recognition is almost universal. When somebody will think about choosing a video conferencing service, Zoom will be on their mind. But they will only keep those users if they are worth it: they seemed to work better, but they have to keep their competitive edge. +4. I'm not that worried about margin, their cost of revenue has consistently been under 20%. I don't see cost of cloud computing going up significantly. Their main cost has been sales and marketing. This is expected when you are in exponential growth phase, the percentage will decrease later. The main threat is if competitors push the price down. For this, they have to make a product good enough that companies will choose to pay for Zoom, rather than using free versions (like Microsoft teams included in office, or google meet). + +**Estimating the value** + +So, is Zoom overvalued? To be worth $240 today, I would like them to be worth $300 in 5 years, in 2020 dollars (5% inflation-adjusted annual return). + +If anything, the pandemics accelerate their growth, upfronts it. In 5 years, they will be mature without easy room to grow in developed markets (at least for their videoconferencing product). So their value would come from their earnings, not expected growth. Price share of $300, means a company valuation of $83bn. To justify a $83bn valuation, I would like at least $4.1bn of profit (P/E ratio of 20), preferably $5.5 (P/E ratio of 15). Let's say $5bn + +What would it take to get $5bn of profit? I'll assume their cost of revenue stay at 20%, their administrative go from 10% to 5% (economy of scales), marketing goes from 50% to 20% (market is more mature), research and development stays at 10% (important to keep their edge). That means their profit could be 40% if they did not see investment opportunities. So to get $5 bn of profit, they would need $12.5bn of revenue. + +Can they get to $12.5bn of revenue (in 2020 dollars)? They price their main service at $20/month/host. So they would need 50 million paid accounts (less than that if you count higher priced items like zoom rooms). + +Those may be for people working from home, companies which have more than one office,... My guess is that most worker who could work from home, could benefit from good videoconferencing. Even if they work at the office, they might use it to meet with people in other buildings. In my previous companies, all our conference rooms were equipped with Zoom, we all had accounts, even though nobody was working full-time remote. + +Before covid 5% of the workforce worked from home, both in the US and EU (total of 20 million). But 50 to 70% of people could work from home (so > 200 million people, just with US and EU). Counting the whole world, I could see 400 million regularly using videoconferencing for work (growing population, countries like China switching from manufacturing to service as they develop,...). Most won't need it often enough to justify paying for it. So free solutions will do for them. But I could see 150 million people paying for a good videoconference service, and 50 million of them choosing Zoom. + +Is it optimistic? Maybe. But if remote work grows, if colleges use Zoom for some classes,... Fifty million accounts is far from absurd. And, again, that's not counting their other products (right now: Zoom Rooms, Zoom Video Webinars, and Zoom Phone, maybe others in the future). + + +**Option play?** +That's where I'm really not sure. It's not clear to me that Zoom is over or undervalued. But there is a lot of variance. If they become the dominant player, they are under-valued, if Microsoft crushes them with Team they are way overvalued. I don't see much middle ground. So I would probably do a straddle with deep OTM calls and puts very long-dated (like 01/2022). But, of course, the Implied Volatility of ZM is high, so those options are expensive. + +I bought some 01/2022 $160 calls when ZM was around $115 (just after the price crashed from Facebook announcement, I thought it was dumb, I don't see companies using Facebook for their video-conferences and that's where I see the money). But I sold those when ZM reached $150, for a 90% profit (if I sold today, I would have gotten > +300% profit). + +Again, I'm not a stock analyst, and I don't have experience in the videoconferencing field. + +EDIT: Since I detail how I came up with the valuation. You can easily plug-in your own estimations of paid users in a few years, and return target (Eps when mature, return until then) to get to your esfimation of ZM value. +EDIT 2 : Added other examples of good buys at infinite P/E ratio +I caught SPRT on Friday when IV was near 500%. I chose a low strike of $15 and premiums still looked attractive to me. If assigned, my net cost basis would be $12.55 which seemed attractive to me. More than likely, I do not expect to be assigned. And even if assigned, I expect to be able to start selling covered calls at that net cost basis. + +Does anyone play with selling CSPs on super high IV stocks? Seems like a relatively safe way if you are pick a low enough strike price. Curious to hear stories from others before I get burned. +Almost NONE of these people are on the side of regular people. Everything they have said is pretty much, completed screwed up. The fact they think this way shows that they are not at all in line with the reality of the regular person... They are owned and paid for by the elite in charge. + +Can’t believe they tried to bring race into this, this isn’t about race, this is about poor/regular people vs elite abusers of a system. + +To me this just shows the US economy/market is bound for collapse just based on the stupidity and ignorance of those in charge. I think GME will trigger it + +I will hold for life now, I will hold so Xers get rich, I will hold to break the corruption, I will hold to change the rules, I will hold for the ones who lost entire careers in 08. And I will hold for the kid who killed himself over wrong information. +What timing! + +[https://www.cnbc.com/2020/06/11/moderna-to-start-final-testing-stage-of-coronavirus-vaccine-in-july.html](https://www.cnbc.com/2020/06/11/moderna-to-start-final-testing-stage-of-coronavirus-vaccine-in-july.html) + +&#x200B; + +* "Moderna on Thursday confirmed it plans to start a trial of 30,000 volunteers of its much-anticipated coronavirus vaccine in July as the company enters the final stage of testing." +* "Moderna said it has selected the 100 microgram dose of the vaccine for the late-stage study. At that dose level, the company is on track to deliver about 500 million doses per year, and possibly up to 1 billion doses per year, starting in 2021 from the company’s internal U.S. manufacturing site and strategic collaboration with Swiss drugmaker Lonza." +Husband inherited ~$40k that's been sitting in his savings account for the past 6 months. We need to do something with this lump sum. He has investments through work and with a financial planner already. Suggestions for phasing into a fund that doesn't create significant exposure due to market timing? He has Wealthsimple trade. I have done some research into VGRO/XEQT. But looking for perspectives on a different approach. We are considering upgrading to a bigger house in 5 years. That cash would be beneficial then. Thanks. + +*Edit: Thanks all for the advice. +Is anyone here a member of Tiger 21? I understand that fees are north of $30k a year. Is it worth it when Reddit and long angle are free? (The latter has been a disappointment so far....) +Saw [this post](https://www.reddit.com/r/SideProject/comments/u2pd71/i_spent_1200_hours_this_year_building_a_simulator/) in r/SideProject and my girlfriend and I tried it out. It's called [ProjectionLab](https://projectionlab.com/), and so far it seems like it has a lot of detail and flexibility, plus couple's financial planning. I found the milestone system and Monte Carlo simulations pretty neat. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +This is what the media says when Bitcoin falls below 10k, up 10x year on year. They will say it again when it falls under 20k after hitting 30. The same will go for Eth when they finally catch on.... + +Then they will realise they've said the bubble has burst before, they can't keep saying it. The public will realise too. Then they will catch on that this technology is changing the world and theu have been wrong time and time again. + +I say this as someone who works in the media. I haven't bothered trying to change opinions of my colleagues because they'll just assume I'm an idiot, I'm happy to quietly be getting rich. +Check the nasdaq daily short volume data. GME was shorted 77% of the volume yesterday. Short attacks and not a sell off. Don’t confuse daily short volume data with short interest data which comes out tonight and twice a month. + +Go to the official government site here + +[https://www.investor.gov/introduction-investing/investing-basics/glossary/short-sale-volume-and-transaction-data](https://www.investor.gov/introduction-investing/investing-basics/glossary/short-sale-volume-and-transaction-data) + +Click on NASDAQ (includes The Nasdaq Stock Market, Nasdaq BX and Nasdaq PSX markets) + +it'll take you to + +[https://nasdaqtrader.com/Trader.aspx?id=shortsale](https://nasdaqtrader.com/Trader.aspx?id=shortsale) + +and go to Access Options -> Short Sale Data Files + +It'll take you to this + +[ftp://ftp.nasdaqtrader.com/files/shortsaledata/daily/](ftp://ftp.nasdaqtrader.com/files/shortsaledata/daily/) + +This proves that the drop was mainly shorting and not selling. Check last week and you’ll find the same proof. + + +Edit: A reminder that this is my opinion and not financial advice. I'm not recommending anything. Look at the data yourself and come to your own opinion. +I just want to know what the actual actions are. People say “sell your stocks! Pull out now!” But how much? All of them? Do people just liquidate all investments and put them into savings or treasury bonds? Do you leave it alone if it’s already there and just stop investing? What happens when you are FULLY committed to playing it safe / thinking the crash will happen in the near future? +I planned on buying via loan. My agent told me I lost to a cash buyer who offered 15k less than me. I’m pretty mad but also curious + +1) How common is it for cash buyers to offer less? + +2) Does this mean to beat them that I should offer even higher? + +EDIT** Cash BUYER IN THE TITLE POST +When you’re about to pull the trigger on that new TV, smart speaker or headphones that you don’t actually need just think if you’d be happy to pay full price for it. If yes then great, if no then consider if it really is a deal or just more money being spent on stuff you don’t really need (or want). + +Happy shopping! +Financial Independence, as most spreadsheets frame the idea, is the art of replacing your spending with investment returns. More quietly stated is an implicit promise that after you’ve done it, you’re free. Chasing that freedom is an incredible motivator if you’re anything like me. And you’re probably at least a little like me, if you’re on this subreddit. + +Except, of course, we all know you’re never completely free. + +The outside requirements on a human life don’t stop at the financial. You still have to go to the doctors office to make sure your body is running OK. You need to take out the trash. Your desk gets messy and you have to clean it up. You feel guilty if you forget send your mom a card on her birthday. You’re not free, you’re still a human being. Just a human being with a lot of flexibility. + +And, of course, once most people do the math, it becomes clear that in order to get spending low enough to make it work, your part time job effectively becomes frugality. + +Being frugal isn’t a terrible part time job. You autonomously set your own schedule, it gives you an opportunity to be creative, you develop skills which have an impact on your life, such as gardening and thrifting. Frugality challenges your comfort levels at times, which in turn allows you appreciate luxury when it’s available. For me, it’s pretty much the checklist for what counts as an incredibly satisfying job. + +I don’t have a problem with any of this. And as a thoughtful person who’s put some brain time into designing your life, you already implicitly know everything I’m saying. But it’s useful to say explicitly. + +I sat down this week to write a plan for what I would do if I lost my job tomorrow, and was barred from full time employment for the rest of my life. + +I was not shocked to discover that even without 100% FI savings, I could design several options for lifestyles where my FI goals of satisfying work, low stress, extreme autonomy, meaningful relationships, and security were accessible. But what I was shocked to discover was that I could also design such a life without relying on any of my considerable savings or investments at all. The savings and investments made it a lot easier, but they really weren’t necessary. + +It turns out the important part of this thought exercise was forcing myself to give up my current job. With that, I had to get rid of my own internal limiters: the unconscious need to project success to peers, the fear of giving up what I’ve already worked for in my current job, the iron clad spreadsheet and financial plan that I’ve been faithfully following for seven years, the fear of something new. + +When all that creativity was being pointed towards the actual life goals, as opposed to purely the financial goals that I thought would help with the life goals, a lot of shortcuts became apparent. And I couldn't have done it without having put a tremendous amount of thought into clarifying what, exactly, I want out of life. + +Of course, I’m not quitting my job immediately. And it’s not like my current lifestyle is too far of a cry from my goal lifestyle. It has a little less autonomy than I’d like, and a little more stress, but we’re in the ballpark. + +But the lesson that I think is important to remember is that financial goals are easy to measure, easy to track, and easy to let swallow you to the point of distraction. Life is not a binary between FI and failure. Extreme saving is a tool, and only a tool, and it’s worth putting thought into what you need that tool for, and not just how to get your hands on it. +AMD is reporting their Q4 2020 results on the 26th. As a long-term investor and given all the events in the past months I believe AMD is still undervalued at $90. I’ve made a previous [post](https://www.reddit.com/r/AMD_Stock/comments/kwfxp7/amd_still_undervalued_at_95/) about this but there was some news last week which I incorporated in here is well. + +&#x200B; + +**Intel struggles** + +Last week Intel has announced that they will replace Bob Swan with Pat Gelsinger as their CEO. This has led to Intel stock going up 13% and AMD dropping 5-6%. Intel is trading above(!) above the stock price they were when they announced the delays in 7nm/5nm. I think this reaction is severely overdone. Note that Pat used to be CTO at Intel for many years and is not the fresh blood they need to turn this colossal company around. Also in the time he was CEO of VMware (since 2012) the stock only rose 60% which is not a great performance comparing it to competitors. Intel has already announced their Q4 ER will beat estimates but that was a given. The only thing that is relevant is their outlook, which is still going to be meager since a CEO impact the company over years time (see AMD themselves) . AMD popped 12% on Intel Q2 report when they first announced their delays. We could see something similar if Intel gives a weak guidance for the coming year(s) + +&#x200B; + +**AMD Q4 and FY** + +EPS Q4 consensus estimate is 0.47 with a range between 0.43 to 0.58. I believe revenue will be higher than expected, mainly due to the huge demand in the console market (PS5/Xbox) but also the PC/notebook market in general since half of the world was in (semi) lockdown for some parts of Q3/Q4. The main thing I am hoping for is that profit margin stays (roughly) the same at 44%, even though margins on consoles are very thin. If they manage to maintain a margin above 40%, EPS could end up 0.55, which would be a 360% increase with respect to Q4 2019 and 280% year on year. That would be very impressive, given the fact that AMD is considered to still be in their growth stage. + +&#x200B; + +**2021&2022 Outlook** + +But the main thing to look out for is the guidance for the coming years. Given the continuing lockdowns, the fact that all the market segments they are in (consoles/PC’s/laptops/servers) are booming and the fact that they have GPU’s that can go head to head with NVDA’s I think they could raise their outlook for the coming year as well as 2022. Especially when the Xilinx merger goes trough and they have an increased TAM (total Accessible Market). Estimated EPS for the coming years are 1.83 and 2.42 but with all the mentioned tailwinds EPS targets of 2.00+ and 2.75 are not crazy. This would imply P/E’s off 34 for 2022 which is lower than ASML’s for example (50). Hence a stock price of 105-115 is a fair target in the short term and 137,50-145 as a long-term target. + +&#x200B; + +**Booming Market** + +Finally, we have been in the biggest bull market in a long time, mainly driven by central bank money. Biden is planning a 2.8T stimulus package in the coming weeks. The rising tide has lifted all boats, leading to insane PE valuations across the markets (Lemonade trading at 150x FORWARD P/E for example). A forward PE of 34 for AMD is a way better bet in my opinion. + +&#x200B; + +Position: + +2750 shares, 5000 LT warrants, 200 29Jan’21 100Calls. + **NEED FOR SPEED: CHICKEN PURSUIT** + + +ROGECOIN has been live for just over 7 days. So far, it's been an exciting journey! Yes! This chicken meme token is still very much alive and growing stronger every day! + + +The fundamentals are rock solid and working accordingly. + + +1% of every transaction is still being burned. During launch, 50M ROGE was minted. However, currently total supply is down to 46.3M ROGE. Within a week, over 3.6M ROGE have been burned in all transactions. + + +No dilution! No inflation! No gazillion total supply like most meme tokens. No mint function, so no more ROGE can ever be created. + + +90% of the total supply or 45M ROGE is locked as liquidity for a year on Unicrypt. + + +Market cap is $30K. So, with just a $2K buy, you're the biggest ROGE 'whale'. 100x potential. + + +300 holders and counting. + + +The Rogecoin community is also growing with just over 300 TG members. + + +Coingecko and Coinmarketcap listing application in progress. + + +This chicken is primed for another eggsplosion. Don't snooze this time around! + + +**TELEGRAM:** +[https://t.me/roge\_bsc](https://t.me/roge_bsc) + + +**CONTRACT:** +[https://bscscan.com/token/0xa21ce1d1fa5f6bf50281a968195e9efa99884e6f](https://bscscan.com/token/0xa21ce1d1fa5f6bf50281a968195e9efa99884e6f) + + +**LOCKED LIQUIDITY:** +[https://unicrypt.network/amm/pancake/pair/0xa0000768d033f2ba596ea37013a0cf9141537550](https://unicrypt.network/amm/pancake/pair/0xa0000768d033f2ba596ea37013a0cf9141537550) + + +**BUY ON PANCAKESWAP V1:** +[https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xa21ce1d1fa5f6bf50281a968195e9efa99884e6f](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xa21ce1d1fa5f6bf50281a968195e9efa99884e6f) + + +**SLIPPAGE:** +2%. + + +**LINKS:** +Website: https://rogecoin.org +Twitter: https://twitter.com/bsc\_rogecoin +Reddit: https://www.reddit.com/r/bsc\_rogecoin/ +Medium: https://rogecoin.medium.com +People are likely going to mass DRS once the world sees what kind of nonsense has taken place with Gamestop. Computershare stands to take over many stocks, probably starting with the other suspected shorted stocks. I believe the only other solution is moving to a blockchain style stock market, but individually none of retail or anyone else can make that happen, that has to come from the top. The top is complicit however, and to become a free and fair market would be to relinquish the power and control over vast swaths of the entire world's economy. They wouldn't do that until they had no choice, and with the speed at which the government moves it would be a nightmare situation before a blockchain was released... +Unless a pesky little company that *just...wouldn't...die...* released their own marketplace. Change is coming, and it is inevitable. The ways of old will soon fall to the wayside. Similar to Renaissance or the Industrial Revolution, the Blockchain Revolution is nearly upon us and will be a profound paradigm shift. +I noticed quite a few people here very bullish on NFTs, and I felt the need to make this post to discuss the matter. + +I personally do not think NFTs are a worthwhile investment, and by that I am not trying to diss anyone. I am just going to share my views, and perhaps you guys share yours. + +Feel free to disagree with any of these in a constructive way! + +&#x200B; + +>1. Not and endless money pit + +People enter the NFT space hoping to multiply their earnings. For every NFT millionaire out there, people have lost millions. Money does not come out of thin air. + +The NFT market seems to be sitting on stilts already. When the influx of people will stop, and the purchases will stop, people will realise that they are in a pickle. + +There will be whole stores with shelves full of 100eth-images and no one to buy them. + +You have not made money on an NFT unless you have sold it. Having an image listing at 100eth means nothing without a buyer. + +&#x200B; + +>2. Greed + +People compare NTFs with pieces of physical art. In my opinion this is far from the truth. + +In the real world, the value of art is driven by the history of the artist, the history of the piece itself, by beauty. These art pieces have prices attached to them based on that. + +On the other hand, NFTs seem to be the opposite. They are just amounts of money with some media attached. People do not seem to be entering the space because of the art itself, but instead are only driven by profits. + +This is not sustainable and will eventually crumble when there are no more profits to be made. + +&#x200B; + +>3. What are NFTs even worth? + +Think about this: You have 100 eth in your wallet. Now you go on opensea and buy a $100 image. You put it up for sale and buy it with your 100 eth. Congrats now you have 100 eth and a 100eth image. You have doubled your wallet value, rinse and repeat. + +This is the reality, and it happens all the time, every day, both in the real world and in the NFT space. You need to understand that scams are real. + +Prices in this market do not reflect real-world value. + +&#x200B; + +>4. The NFT space shares characteristics with ponzi schemes + +Investments of new investors are used to repay the early investors. New investors are attracted by the promise of large returns on their investment. Current investors invoke the fear of missing out in people who have not yet invested. + +These are some characteristics shared between NFTs and ponzi schemes, which are proven to crumble and take you down if you do not "get in on the ground floor". + +&#x200B; + +>5. Crypto is good = NFT is good? + +Yes. As long as NFTs are linked to a real-world use case, like cryptocurrency is, and as long as people are realistic. + +As it stands, this is not the case. The whole NFT market right now looks like a clusterfuck. +I was reading that Russia, China, and EU are [de-dollarizing](https://moderndiplomacy.eu/2021/09/18/russia-china-and-eu-are-pushing-towards-de-dollarization-will-india-follow/) + +>However, this dynamic is undergoing gradual and visible changes with the emergence of China, slowdown in the US economy, European Union’s independent policy assertion, Russia-US detachment, and increasing voices from across the world to create a polycentric world and financial system in which hegemonic capacities can be muted. The world is witnessing de-dollarisation attempts and ambitions, as well as the rise of digital or cryptocurrencies at an increasing pace today. + +Also, is the big input of dollars by US making countries reconsider dollar as a currency? I heard that was a reason for El Salvador to adopt bitcoin, although I haven't seen any official statement on the subject. +Is the reason for inflation increasing general spending power of the public/velocity of money and not the absolute amount of money printed? If billionaires and business sat on their wealth it wouldn’t circulate and so there will be reduced velocity of money right? If so this would explain why printing money doesn’t necessarily cause inflation with Modern Monetary Theory, which I know very little about. Or is it instead because all the dollar printed is being converted to equity? +I’ve seen that many of the economic crises faced by E.U. countries like Greece and Italy are in large part due to the fact that their economies are linked by the Euro but are otherwise independent of each other and follow completely different business cycles. + +The U.S. has fifty states, many of which have GDP numbers comparable to whole nations. They each have their own legislature, politicians pushing different economic policies and can issue their own debt. + +Why don’t we have the same issues with one Central Bank proscribing solutions for the group as a whole? What makes the economies of the states follow the same economic cycles as each other, or do they even do that? If not, what makes the Fed’s actions effective all around when the E.U. Central Bank seems to do as much harm as good, with some saying it’s policies only help the bigger countries like Germany? +First off, a little background info - I have a B.Com (India) and M.Sc in International Business (UK), both from well respected universities. After I graduated from my Masters degree, I worked as a banker for a year and a half in the Middle East. I left the bank job to start my own e-commerce company (also in the Middle East), which I ran for around 3.5 years. Unfortunately, I've had to shut it down due to the economic situation. + +I now live in Toronto. I've been struggling with my career here quite a bit. I've had some great interviews but the offers aren't coming through. I've had interviews with some top-shelf banks as well as start-ups, and the offers simply seem to disappear after 3-4 rounds. This has been going on for 8-9 months. I'm quickly approaching a year of non-activity on my resume and starting to panic. + +Almost every interviewer has told me that I have a great resume and I've done some good things, but I'm either "too high-profile" or "just not the right fit". Just yesterday I got another call from a bank saying I was in the running but they found someone else who fit the profile better. + +I've done well financially so I'm not hurting for money, but I am worried that my resume is starting to look a little bit tired due to this inactivity and my career might not recover if I don't get the right step-up on my resume. + +I thought I was done with academics after my M.Sc, although I really enjoyed it and did quite well (top 10% in the class). I've always known the loose direction I'll take my career in - private sector/industry for the first 10-15 years of my career before branching off into either a government/NGO/financial institution role. I'm rapidly approaching 7 years into my career (I did work before my Masters as well), and industry offers seemed to have dried up. I'm starting to wonder if it's time to rehab my career and resume completely and take aim directly at the Government/NGO/Financial Institution route. + +Towards this end, I'm seriously considering a PhD in Economics. I absolutely do not intend to get into academia after the PhD, and am doing it SPECIFICALLY to work with governments/NGOs/financial institutions (think WTO/CENTRAL BANKS/IMF etc.). I've also had a couple of interviews with a sovereign wealth fund about 10 months ago, but I do believe I was under qualified for the role. + +I've also considered an MBA but given my experience (academic and professional), I think it is redundant and not specialized enough. + +I realize that I do not have a Masters in Economics nor a Math background, so I'll have to pursue a Masters in Economics first and shore my Math along side it. I've narrowed down a couple of universities in Europe for my Masters following which I'd like to apply to the top-tier universities (also in Europe) for my PhD. I would like to study macroeconomics or international economics at that stage. + +I'm 32 now, assuming I start next year, I'm looking at an investment of 5-6 years from my side. By the time I get my Phd, I'll be 38. Is this too old to be in the job market with a PhD for the kinds of roles I'm looking for? Also, am I being absolutely delusional in thinking that this Herculean task is actually do-able given my lack of mathematical and economics background? Economists, please poke holes in this plan! + +Thank you! + +Edit - Thank you for all the input, folks! I really, really appreciate it! I think I'm going to explore some other programs like political science and public policy that seem to fit my background better as well. I'm going to take some time to recalibrate things. I haven't decided which direction to go in, but all this input has been really useful in contextualising the econ PhD. + +Again, thank you very much! Cheers! :) +THE SHORT VERSION + +7:15am - Arrive to work +7:15am - 4:15pm - Try to make as much money for the bank as possible. +4:25pm - Leave work + +THE LONG VERSION + +6:30AM - iPhone alarm rings. I check my work email for an overnight commission report to check my revenue total from yesterday and my YTD commission number. I get out of bed. + +6:35AM - Shave, wash my hair, eat cereal, eat a piece of fruit, get dressed. + +6:50AM - Leave from home. + +7:15AM - Arrive to work and head to the equity sales & trading morning meeting. If its a Monday I will typically provide a 60 to 120 second re-cap of the developments in my market. There are approx 10 other speakers. New York, Montreal and London are tuned in via video conference. Few people are really engaged/paying attention. + +8AM - Drink one small coffee. Start reading market news, commentary; look at US futures markets, overseas markets and what the bond market is doing to try and get a sense of market tone. + +8:30Am - Start working on my morning "runs" - a list of various stocks and prices where I am willing to buy and sell/short out of my liability/prop inventory account. Send that list to all my clients via email along with some daily market commentary. + +9:00AM - Start chit-chatting with a few clients on phone and IM because this job is all about relationships. Monitor changes in the market pre-open. Make sure all my client orders and algos are set up properly for the open. + +9:30AM - Market open. Trades start trickling in to my trade management system - some for client, some for inventory. + +10:00AM - I read emails from my backoffice desk telling me certain trades from yesterday are failing to settle with clients. I follow up with the clients to figure out where the discrepancy is (client usually typed in the wrong price, or wrong quantity or forgot to tell their custodian). + +10:30 AM - Get asked by the co-op student what I want to eat for lunch. I pick something and give him $10. I thank him every time because I feel bad for him. + +11:00 AM - I scour the market for mis-priced securities. I buy cheap and sell expensive. Call clients. Leverage trust and relationships to obtain information - what are they trying to buy, what are they trying to sell? Do I want to be the counter party to their trade? Does it make sense - Is it cheap or expensive? Trade some stock. + +12:00 AM - Lunch arrives. Thank the co-op guy again. Eat lunch at my desk. I can never leave my desk. + +12:30 - 4pm - Same thing as @ 11AM. Negotiate prices with clients and trade blocks. Read reddit for a bit. Look at some cars for sale on autotrader. Trade more stock. Plan a lunch meeting or drinks after work with a client next week and make reservations. + +4:00PM - Market close. I organize the days trades in my trade management system, and make sure all my inventory and client trades are pushed to the right destinations/accounts. Send out emails and IM to clients advising them on quantity, price, stock symbol and commission and sometimes CC my backoffice. Client tries to pressure me into paying us 3 cents per share instead of the usual 4. I give in. + +4:10PM - On my calculator I do some rough calculation to get an idea of the revenue from client commissions that day. On good days I feel neutral, on bad days I feel like a worthless p.o.s. because I have been conditioned to feel like that by the culture here. + +4:15PM - I get a call from my inventory backoffice guy advising me how much my inventory is up or down (daily mark-to-market). I enter the amounts in an online P&L reporting web-tool so that management can see it if they care to. + +4:25pm - I leave work + +4:50pm - Arrive home. Go to sleep for one hour because I am completely drained mentally. + +EDIT1: rephrased a few words for clarity. +Well, US markets had another shocking day. Wallstreet bets is losing its mind. Businesses around the world are having supply chain issues because of corona and economic indicators are still declining in AUS in a more general sence. + +Rather than 100 individual posts, perhaps we should discuss the markets today in one consolidated post. + +Lets post questions , comments and conversation about the coming trading day. + +I'll start. + +EDIT: +At 750am - + +* **s&p**: -3.05pc + +* **nasdaq**: -2.74pc + +* **oil**: -3.09pc + +* **gold**: -1.68pc + + + + +EDIT 2: +Markets now open. Edit at 10:30am + +* **ASX200**: already down **-2.00pc** + +* MCY leading the large cap losers at -5.45pc + + +EDIT 3: 10:45am + +* Mid cap **HLS** seeing big green at +14.85pc after half year ann + +* Mid cap **NEC** seeing good green at +7.12pc after half year ann + +* Seek **SEK** takes the lead in large cap losers at -6.80pc + +Today my positions are shifting into karma, feel free to drop an upvote on your way out. Would be nice to see something going upwards today.... +Just look at paycalculator.com.au. The new version already shows the income percentile you're in so there's no need for more threads humble bragging. + +The percentile is a lot better measure than just average or median for distributions that don't fall on a bell curve. + +I realize this might cut down the number of posts in this by 90% but that's a burden I'm willing to accept. +https://www.bbc.co.uk/news/amp/business-56401707 + +How can one create a 'stock market like index' when they do not have any ownership rights over the players - Ponzi scheme written all over it! +I have been running a small (3-4 employee) home renovation company in Austin Texas for the last several years and used it as a stepping stone to getting into real estate investing. The market is insane here and competition from house flippers tough. + +I have good credit, good income, and low loans but still it seems that to buy in town anywhere, you’re looking at 300k+ for a fixer upper. I’m not against this but I was curious what the major setbacks would be from just attempting to build a small 2 bedroom home myself, or potentially even a duplex. I have an engineering degree, my brother is an architect, and I’ve gotten a decent bit of experience from running my company. + +Any advice would be greatly appreciated. +By the time you pay off the car, you've budgeted the car payment into your finances. Make it a direct transfer so that you don't give yourself the option to skip a payment. My car has been paid off for 3 years and I have saved over $12,000 almost effortlessly by using this method. + +EDIT: This seems to be striking a nerve for many. This post was written with the intention of helping those who wouldn't invest the difference with a longer loan. It was meant to offer a simplified idea for saving that worked for me to work for others. As with everything, there are always better ways to save and invest. This was just the one that helped me out. With that said, I've learned a lot by your comments, so thanks for posting! +We are talking about virtually instantaneous, practically free mobile payments for millions of people at this point. Why would anyone still use bitcoin over Ethereum as a currency then? Even Visa and Mastercard should watch out... +So today is just the usual hedgies BS. Oh down instead of sideways, how original kenny. + +At my favorite Mexican fast food. Sitting at my table munching down my arm sized burrito (no seriously, full grown male forearm). I hear another guy order the same burrito and look over to see who this fellow legend is. I see a red headband and medium length dark hair. I chuckle and go back to eating. Ive been hanging out on reddit to much i think to myself. + +He sits to wait for his order and then I see his shirt. “Buckle Up” in gamestop logo color pattern of white and red. It all clicks. The headband, the hair, the shirt. This dude was in full DeepFuckingValue cosplay. + +Let me tell you that made my DeepFuckingDay. + +It was a tangible reminder its not just me and some keyboard warriors. We are everyman, we are EVERYWHERE even if most of us go unseen and undetected. + +I hope this post finds that dude as im sure he is on here. Your one beautiful bastard, see you in valhalla. + + +EDIT: 2k upvotes!? Y’all are are some OOGA BOOGA BADASSES! +Hello guys i learned day trading about 2 years ago and thinking getting into that slowly and part time of course and my question is how hard is to harvest 50 dollars from the market? And what strategy you guys suggest if that allowed to be asked! Sorry if my question is dumb guys! +**TA;DR: 🦍🚫💥🦍 Be kind. Let Apes enjoy things.** + +I love the good parts of this sub. I love the thoroughly well researched DD, the crayon drawings, the memes. I love that we work together to help each other learn and poke hours where appropriate. + +But God, **I am sick to death of everyone and everything being called a goddamn shill or distraction.** + +People who post good DD that isn't debunked are not shills. People who post well intentioned DD that is wrong somewhere and happily incorporate the new information we give them are not shills. New people asking questions, even questions that are in the DD because they don't know which DD it's in and we have like 50 book length works, **they aren't shills either!** + +**A toy drive isn't a fucking distraction!!!** What happened to the days when people would buy up like 10 switches and donate them to a children's hospital? What about the time we all adopted apes and some of us left our donation names as things like Hedgies R Fuk? What happened to having fun and being good people while we waited for our ship to come in? + +I'm still the same person, so IDK why some of you seem to have changed. IDK why this sub seems to have changed. But I'm telling you now, knock it off. You're making Apes look bad. You're ruining the fun while we're trying to pass the time until the squeeze really kicks off. We don't know when the fuck that will be. Yes, DRS could get it started sooner, but that'll happen when it happens. Not every post needs to be a purple circle. + +If y'all keep acting this way, you're gonna chase off a lot of potential new Apes who would eventually DRS at least some of their shares. Yes Buy, Hodl & DRS what you can when you can. But accept that not everyone is going to do that. Especially if y'all gonna be the fun police. And what ever happened to the idea that Apes own so much of the float that even if some can't DRS for any reason, that there's still so many shares out there we'll be fine? + +Apes, I love most of ya, but we need to return to our roots a little bit. I know we're all frustrated. We all thought the squeeze would be over by now and we'd be vacationing among the stars, but it didn't happen yet. And it will. So please, take a deep breath and be kind to each other. 🦍🚫💥🦍 +Im lost for words + +context: + +im a BTC holder and believer. recently there was a Post in the Bitcoin subreddit about the extremely low fees in the current lightning Network. OP claimed that Bitcoin with lightning has the lowest fees compared to all other alts. + +while im a strong believer in Bitcoin i also dislike the spreading of false claims about the projects i follow either good or bad. so i stated that while Lightning works amazing so far, to claim it has the lowest fees compared to all other alts is factually incorrect. + +now 1 day later im banned for 90 days from the bitcoin subreddit. what the actual fuck? is this normal? +This sub and many others like it are the true media. + +DD that is confirmed or debunked - This is one of the most powerful weapons we have against the financial tyranny that is thrown down on the 99%. + +They try to use our sub against our community - this is called guerrilla warfare, by inserting bots, shills and articles of debunked DD. As of yet, nothing has debunked our solid DD. + +We see their tactics of manipulation and we soldier on. + +Make no mistake this is financial warfare, not just for ourselves but also our loved ones, we fight the good fight so we can take back what we all cry, sweat and bleed for every day of our lives. + +That is why MOASS IS INEVITABLE. + +Yours sincerely + +Trust me bro. For real this time 😉 + +Edit: grammar +How are you occupying your time so you are not excessively checking in and DD'ing, including over the weekend? Any tips or tricks on balance? + +I tune in pre-market 8am Bloomberg live. Sometimes I dont sleep until 4am and I've caught a glimpse of 4am pre-market while checking futures and ticker performance in European markets. Read comments on Webull, Youtube, Marketbeat, Tipranks, Yahoo Finance, Barchart, Finviz. Look at option chains over and over again. Put on my trade, watch the charts 6-7 times during the trading session, while reading social media comments. After trading hours, recap and process all mass media communications and revisit all above sites for tweaks/trends/changes. 5-7pm, catch up on fundamentals/ idea generation / compare other peoples DCF models. + +\*I have no major obligations, but know this is not a sustainable lifestyle. 4-5 hours sleep and then 2 hours sleep/nap in early afternoon. +Hello Theta Gang, + +I just wanted to share my success story selling covered calls on Realty Income (O) for the past several months. In late May I purchased 100 shares of O for $5,436 immediately sold the June call, and ever since then I've been rolling out my call each month for a credit and getting paid that sweet monthly dividend, and have yet to be assigned early. + +&#x200B; + +* **Calls sold** + * June 19th $55 strike for $180 credit + * Rolled into July for $60 credit + * Rolled into August for $160 credit + * Rolled into September for $24 credit + +**Total premium - $424** + +**Total dividends - $70.14** + +**Current return on investment is 9%** +I understand basic economics but can’t make sense of the current phenomena. I am only able to infer that money is flowing unequally across different industries(?) + +If this has been asked somewhere I apologise! +So for context, I’m a young investor looking to maximise my gains over the years so I can eventually retire off a healthy portfolio transferred into dividend paying stocks. + +One of the main bits of advice I see around here is to “invest in growth stocks while your young”. However, I fail to believe that as an individual/hobbyist investor I can outperform the S&P500 for the many years I’m looking to invest over. +I therefore believe my best course of action is to invest weekly into this index at an 80/20 split of S&P500 and more speculative growth investments. + +Would this method therefore be more suited to the “invest in growth while young” and provide greater returns than a dividend strategy would? Or should I focus on a dividend based strategy in the first place as this is what I eventually want to live off? + + +Thanks! +Edit: I've gotten a lot of questions so I've broken my two month no upload streak. I talk about why I quit, what to expect in the future, review a funny trade, and lastly a big announcement for 10/12. [https://www.youtube.com/ericgreen?sub\_confirmation=1](https://www.youtube.com/ericgreen?sub_confirmation=1) I'm going to be posting educational content again so subscribed to stay tuned. + +Overall happy with my week. I shouldn't have traded on Thursday, I woke up at 1pm and tried to trade which is a bad idea. From now on I'll only trade first 1-2 hours. + +[9-28](https://preview.redd.it/vfc4pmfkwyq51.png?width=307&format=png&auto=webp&s=1585ef1cf63edfbeec3dcb2b4b4200f09112092d) + +[9-29](https://preview.redd.it/cx6x0m1lwyq51.png?width=307&format=png&auto=webp&s=78c40cd3b1473c14caf7b9919da273fe8e25a4b2) + +[9-30](https://preview.redd.it/bzxpqbslwyq51.png?width=305&format=png&auto=webp&s=4576c41244fb08523ec7d10718ef9181ff79f674) + +[10-1](https://preview.redd.it/nmt5aibmwyq51.png?width=307&format=png&auto=webp&s=6b41c98a5eb568db5919b2b14cc71077ee5e1d3a) + +[10-2](https://preview.redd.it/mr0z55umwyq51.png?width=306&format=png&auto=webp&s=e3a52d041ca7712700918d0b32948f781af04088) +The regular folk who have made the life changing amounts of money did it through holding. Go read all the stories online about BTC and ETH millionaires. I don't recall any of them saying I made my millions selling the tops and buying the dips. Unless you are a Mike Novagratz type don't play with fire. It is still early. Crypto owners don't even makeup 1% of the population. Hell Wall Street institutions haven't even entered the crypto investing fray, that is actually happening next year. Please, please, please take a step back when corrections like this happen and be careful. Also BTC and ETH have massive network effects for what they do (Money/Smart contracts) by careful when trying to bet against this and make sure you still have substantial holdings in both of those coins in additional to the other coins you are interested in. +**Edit**: In this post, by manipulation I don't mean that in a bad way necessarily by the Fed. The Fed is just using a tool(liquidity) that affects EVERYTHING in the market (they're not trying to affect ONLY GME by controlling liquidity) and GME , being prone to a short squeeze, also is affected by it to an extreme. The Fed could be using this as a way to make sure the squeeze happens in an orderly manner and doesn't completely destroy the economy in tandem with the treasuries market and other economic variables on a more macro scale in my opinion, which would further prove what other users DD are saying about the squeeze being controlled until an opportune time to let it rip. + +**Edit 2:** Fixed some phrasing for clarification + +# **Edit 3:** DEBUNKED: +A friendly redditor has just pointed out to me(thank you btw u/hikurashi83) in the comments that in terms of the data, the DD does not hold as by going into some of the points further back in the month there are some dates (such as from 5/14 to 5/17 where the RRP amount decreased, but we ended up having a run up) + +&#x200B; + +Hello fellow apes! I'm sure everyone isn't surprised that we saw some more manipulation today on GME; multiple apes had called it out days ahead in advance. Make no mistake, if there was no effort to tank the price today it most likely would have signaled some alarm bells for the squeeze. + +Naturally, I wanted to look for some more answers other than "dang hedgies short attacking the stock again!" because I felt conflicted about having that as an answer. It makes logical sense for that to be the case yes, but it also makes logical sense that this is out of the hands of Citadel at this point from how fucked they are as the Fed is controlling the wheel and waiting for a prime time to let the squeeze happen, as multiple DDs have pointed out before. The thing is, there was no such confirmation that the Fed is manipulating GME compared to the hedge funds themselves shorting the stock into oblivion... at least until today. + +I think its completely possible that by using reverse repo agreements, the Fed is able to take GME by the horns day by day until they feel it is right to let the squeeze happen. + +# The Goodie Gum Drops: + +I was scouring the subreddit for more info as I always tend to do before writing some DD, and I came across a nice [post](https://www.reddit.com/r/Superstonk/comments/nn6tf3/day_3_of_the_correlation_tracking_between_rrps/?utm_source=share&utm_medium=web2x&context=3) by u/PolarVortices, who is tracking the correlations between RRPs with GME's/AMC's price (give them some love!). + +As they say in their post, there is no DIRECT correlation that the price of GME/AMC has an influence on reverse repos or vice versa, they just appear to be moving together. This would indicate that they aren't necessarily influencing each other, but its possible that some outside force is controlling them BOTH, in the same way. + +Then there was something that they said that caught my attention: " Repeating yesterday's sentiment, the RRP's and the stocks appear to be linked, whatever is causing RRP's to increase or decrease appears to be tied to the movement of the stock." + +IMMEDIATELY my detective senses started tingling. What would cause the RRP's to increase or decrease? Well the logical conclusion would be whoever is in control of the RRP agreements, and who is in control of the RRP agreements? That's right, the Fed. + +# But how is the Fed managing to do this? + +That's the million dollar question, my fellow ape. In order for the Fed to "control" the price of GME such that the RRPs and GME's price are moving together, they have to use some umbrella variable that affects them both in the same way, but first we need some confirmation that the Fed is manipulating GME through Reverse Repos, specifically the overnight agreements. + +This is where another thing u/PolarVortices said that caught my eye: "May 28th reverse repos decrease and GME closing price decreases, the day to day direct comparison model is the only one that is still true." + +Wait, which model? Hm, the day to day direct comparison model. Very interesting.. and with the correlation strengthening it lends credence to the idea that the Fed is controlling the volume of the RRPs in such a way that GME and the volume of the RRPs travel together. + +That would mean in order to find out what is causing this correlation, we have to find out what exactly the Fed is doing in the ON RRP agreement that is causing GME and the volume of RRP to move in the same direction. + +Well, in the ON RRP agreement, the Fed takes cash from a counterparty in exchange for an asset like a treasury bond, with the intent to repurchase it at the agreement's maturity. + +Hm.. so the Fed takes cash away and then gives it back the next day and usually they would do this agreement at 1:15pm. This means that, the maturity of the ON RRP agreement and the opening of a new one for the next day should happen at around the same time. Okay, so then at like 1:15 there should be a big movement to the up or down right? (depending on whether they added more or less to the volume of RRP's in the agreement) + +[Well look at what we have here... Today at 1:15pm there was a new reverse repo agreement, and the price tanked afterwards.](https://preview.redd.it/8uluekai5y171.png?width=1632&format=png&auto=webp&s=03d30be5638bfd2547fba15e1b2c824bbe669f63) + +What happened in this new reverse repo agreement? + +[The volume of ON RRP decreased...](https://preview.redd.it/22onykcm6y171.png?width=900&format=png&auto=webp&s=87d8c5fa4afb25fdd0142f8d3202b467f2df526e) + +So after the overnight agreement began the priced tanked. Since the Fed took away less cash than the day before on its RRP agreement, it seems there is more liquidity in the market. When there is more liquidity in the market, then the price of GME tanks. That should mean the REVERSE is true. Let's try to confirm this: + +[The day before yesterday \(May 27th\), at 1:15pm a new agreement started, and after that the price gapped up by a significant stretch.](https://preview.redd.it/1rhm7fguay171.png?width=1454&format=png&auto=webp&s=06824a8e254d0ce178e10b4738fa095df9d1fcfe) + +and what happened with reverse repos? + +[The volume of RRP increased..](https://preview.redd.it/lgty439uby171.png?width=900&format=png&auto=webp&s=83a8e3310e9830574a5982326ed907dd32daa785) + +So, what does this mean? It means when the Fed takes away more cash from the market via reverse repo agreements, thereby decreasing the liquidity in the market, the price of GME gaps up, almost like... a controlled squeeze. + +# Conclusion/TLDR: + +So far as I can conclude (and I could be wrong here, this post is more speculative than anything else), *liquidity is the main umbrella variable that allows both the price of GME as well as the volume of reverse repos to travel together in the same direction.* When liquidity is removed, both the price of GME and the volume of RRP increases, and when there is more liquidity, both the price of GME and the volume of reverse repos decrease. This would be how the Fed could indirectly control the price of GME, while also explaining the correlation between the price of GME and the volume of Reverse Repos to some extent. + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +And again, thank you guys for reading through my (possible)DD! :) I shall be in the comments as usual as long as I am awake and make some edits if needed. + +Links: + +[Repo and Reverse Repo Operations - Federal Reserve Bank of New York (newyorkfed.org)](https://apps.newyorkfed.org/markets/autorates/tomo-results-display?SHOWMORE=TRUE&startDate=01/01/2000&enddate=01/01/2000) +TLDR: DRS is fucking Citadel up. The brokers who use PFOF are the slowest brokers to DRS your shares. Citadel pays the most for PFOF by FAR. This points to Citadel flexing on brokers. DRS is also reducing darkpool volume. This is not financial advice. + +&#x200B; + +**What is PFOF or Payment For Order Flow?** + +* Where venues/vendors with the processing means (aka Citadel Execution Services, Virtu Americas) pay money to brokers for routing their retail buy and sell orders to their internal system instead of sending it to the exchange. + +**Why would brokers do this?** + +* Because they get very well paid to do so by such vendors + +**Why would vendors pay for my trade?** + +* Vendors like Citadel use this information to trade ahead of clients (e.g. Robinhood) and get preferential pricing for themselves +* Vendors also use PFOF to be able to view all sides of the trade and to track exactly the sentiment and movement of the retail market + +THIS IS BIG MONEY FOR VENDORS AND BROKERS ALIKE, ALL AT THE COST OF RETAIL. + +According to [daytradingz](https://daytradingz.com/payment-for-order-flow/), $1.82b in total was paid to brokers to sell your trade information to vendors in only the first half of 2021. This is projected to be an increase of 39% YOY. + +&#x200B; + +[daytradingz](https://preview.redd.it/0cxks4cogcr71.png?width=750&format=png&auto=webp&s=3c98eae7e8cc945bedb7b08ff59bce903c8b8bd7) + +&#x200B; + +**Ok, but surely it cant be that profitable for vendors?** + +* Citadel alone paid for $760m in the first half of 2021 for PFO +* This represents 42% of total PFOF for this period + +[daytradingz](https://preview.redd.it/5ra9rjmchcr71.png?width=752&format=png&auto=webp&s=9236a3620e5d089c5677418d5b9dfa676365460a) + +According to [Tokenist](https://tokenist.com/deep-dive-citadel-securities-track-record-anti-transparency/), Citadel Securities trades 13.4% of total trade volume (for December 2020). This is comparable to the major exchanges of NYSE and NASDAQ. How much of this is from PFOF? no idea but I would say the large majority. + +[qz.com via tokenist](https://preview.redd.it/h871mw03icr71.png?width=741&format=png&auto=webp&s=93b827fff6bd0747fc31a37a93776a080d24f36b) + +**Hmmm interesting. But how does this affect DRS??** + +* If you have been paying attention to this sub for the past week, you will have noticed that people have been having trouble with their DRS times being pushed out beyond reasonable times, in one case up to 6 weeks. +* These delay times have been **company** wide. + +There is correlation between the companies accepting PFOF and their delay. Lets group a few of them. + +|Company|PFOF|time to initiate DRS| +|:-|:-|:-| +|Vanguard|No|0-10 days| +|Fidelity|No|Most 0, up to 2 days| +|Chase|No|?| +|IBKR|Unsure|Unsure| +|Robinhood|Yes|Lol. no one trades with RH| +|TD Ameritrade|Yes|4-6 Weeks| +|Charles Schwab (owns TD)|Yes|1-4 Weeks| +|E-Trade (Owned by Morgan Stanley)|Yes|3+ weeks| +|Webull|Yes|?| + +&#x200B; + +**Wow, ok, so there's a link. Why does this matter?** + +* Its at this point I implore you to search on this sub and watch the 8min segment of a talk with Marc Cohodes. He sheds the light perfectly on how systemic Citadel is and how their fingers are in ALL the stock market pies. Not only do they see their trades, they see all our trades. + +The below graph that u/stonkkingsouleater posted on another sub shows the impact that DRS-ing is having on the darkpool and NYSE volumes, as a percentage. + +https://preview.redd.it/92hg9xcqlcr71.png?width=682&format=png&auto=webp&s=d1af9961e94d75480ecd337f1a0723643d77f47b + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +More research below. Due to the restrictions on cross-posting and linking in this sub, the below has been screenshot/ctrl-c ctrl-v, and is the research of u/Fwellimort . They posted their DD 7 months ago. + +https://preview.redd.it/0tj8aeegecr71.png?width=677&format=png&auto=webp&s=20c212f61a65d71c69379f6fdd6518ae11b83cab + +https://preview.redd.it/t02een8hecr71.png?width=678&format=png&auto=webp&s=f8ea6cd3b122e22ff0e487e0cb19ee6112bb3920 + +* Robinhood [https://cdn.robinhood.com/assets/robinhood/legal/RHS%20SEC%20Rule%20606a%20and%20607%20Disclosure%20Report%20Q4%202020.pdf](https://cdn.robinhood.com/assets/robinhood/legal/RHS%20SEC%20Rule%20606a%20and%20607%20Disclosure%20Report%20Q4%202020.pdf) +* WeBull [http://public.s3.com/rule606/webull/](http://public.s3.com/rule606/webull/) +* TDA [https://www.tdameritrade.com/retail-en\_us/resources/606\_disclosure/tdainc-TDA2055-q4-2020.pdf](https://www.tdameritrade.com/retail-en_us/resources/606_disclosure/tdainc-TDA2055-q4-2020.pdf) +* Schwab [https://content.schwab.com/drupal\_dependencies/psr/606/2020-Q4-Schwab-Quarterly-Report.pdf](https://content.schwab.com/drupal_dependencies/psr/606/2020-Q4-Schwab-Quarterly-Report.pdf) +* Chase [https://mta.ihsmarkit.com/app-v2/public-report-library/public-report-library-view/JP%20Morgan%20Securities%20LLC/202](https://mta.ihsmarkit.com/app-v2/public-report-library/public-report-library-view/JP%20Morgan%20Securities%20LLC/202) +* IBKR Pro/Lite [https://gdcdyn.interactivebrokers.com/Universal/servlet/Registration\_v2.formSampleView?formdb=3074](https://gdcdyn.interactivebrokers.com/Universal/servlet/Registration_v2.formSampleView?formdb=3074) +* Vanguard [https://nms606.karngroup.com/vgrd/606a/2020Q3/588e3c62ff](https://nms606.karngroup.com/vgrd/606a/2020Q3/588e3c62ff) +* Fidelity [https://clearingcustody.fidelity.com/app/literature/item/9901330.html](https://clearingcustody.fidelity.com/app/literature/item/9901330.html) +* Merrill Lynch [http://public.s3.com/rule606/bofas/](http://public.s3.com/rule606/bofas/) +* TastyWorks [https://assets.tastyworks.com/production/documents/sec\_rule\_606\_report\_q4\_2020.pdf](https://assets.tastyworks.com/production/documents/sec_rule_606_report_q4_2020.pdf) +* E-Trade [https://content.etrade.com/etrade/powerpage/pdf/q4-2020-606a.pdf](https://content.etrade.com/etrade/powerpage/pdf/q4-2020-606a.pdf) +* Ally Invest [https://www.ally.com/resources/pdf/invest/order-routing/4th-quarter-2020-606-report.pdf](https://www.ally.com/resources/pdf/invest/order-routing/4th-quarter-2020-606-report.pdf) +I've always wondered why people have trouble holding instead of selling and panicking. Isn't it much easier just to buy and hold? Especially after you see the market or the coins you hold always come back to at least the price you bought or more, I don't get why you'd ever sell. +My life is in this pattern. I always think that "I am still poor but if I have \[the next million dollars in wealth\] then I will be rich". Now I stepped over another 000,000 and still think the same. Is there anything that can help this unhealthy thinking. Thanks +After 20 loyal years with RBS I am finally fucking done. RBS have a clever little trick when it comes to calling them, one that makes it look like they answer quickly. In reality the experience is much different. + +Here's what a call with RBS looks like: + +* Calls are always answered by a robot. The robot asks you to summarise why you're calling and puts you through to someone. + +* You speak to someone quickly. They are basically a human robot to tick off the 'customer spoke to colleague in under 2 mins' box. They, once again, field you through to the department you need. + +* You then enter hold limbo, lost in an eternal void of shitty opera music that makes it feel like you're actually passing into the next life. + +* Your call might be answered at some point in the next hour, but then you might just stay on hold forever. + +And no, this isn't just because of covid, I noticed this with them in the 'before times.' I used to credit them on their excellent phone service, but something has gone drastically wrong in the last couple of years. + +Anyway. What's your bank like? I'm switching. +I'm sure a lot of people come to FI and feel behind in their goals. Some of us were unfortunately burdened by college debt, while others just didn't save during their younger years. On the other hand, there are those who graduated from college with a six-figure salary and saved immediately. We are all very different. + +Maybe this thread can give us a better perspective, perhaps some relief, or pad the ego, for some of us in the community. + +I'm 29 and have yet to hit 100k. After college, I drug my feet and stayed at a low paying PT job for a couple years while I continued to party and live in a large/cheap shared home. Once I got into the corporate world it took a while to find a path and to grow my income. If the market doesn't shit the bed, I am on track to hit 100k next year, but who knows. +I know the lack of immigration has had substantial impact on Australian society as a whole but was wondering how it has affected people on a more micro level. + +To that end, has your personal experiences in the past year or so affected your opinion on immigration (particularly to Australia) as a whole? +Not that this is a super important number to base anything off of, but it is nice to know what you're looking at in your trading platform/tools. + +I've only been trading for a month, but today I noticed a discrepancy in the stated daily gain between Wealthsimple Trade and Yahoo Finance. After doing a quick test, it appears that in Wealthsimple Trade when you click the graph to show 1 day, the stated gain/loss is based off of the open price where as in Yahoo Finance, it calculates off of the previous close price. So for Wealthsimple you're not seeing any effects of after hours trading where as you do see it with Yahoo Finance. + +So besides bashing Wealthsimple Trade like everyone likes to do, what is the consensus on which way is the "correct" way to see your daily gain? I feel the way Yahoo calculates gives a more accurate picture and think it's worth submitting a ticket to Wealthsimple to have them re-evaluate how they programmed their app. But again, I'm new to trading, so maybe I'm missing something. + +**EDIT:** +So from further investigation, it only appears the graph set to "1D" for your entire portfolio is giving the "incorrect" value (I didn't want to expose all my info, so this is all I can show of [my number difference](https://imgur.com/VAXy5ZR). You'll have to look at your own info to compare). If you click into an individual stock and look at today's return there, that matches what Yahoo has (uses previous close price). It's purely the graph that they put front and centre in the app and website that uses current day open instead of last close price to draw the graph. This isn't due to the 15 minute delay of Wealthsimple either as you can look after the exchanges close and the numbers still don't match. +🚀🚀🚀BunnyRise Token (BRISE) 🚀🚀🚀 + +Missed out on EverRise? Don't miss BunnyRise! BunnyRise is a fork of EverRise. The way is works is a 11% transaction fee is stored in the contract and used to buyback coins through pancake automatically. The transaction is triggered after every sell…. With this brilliant coding, you will never see 2 sells in a row! + + +Why should you invest in BunnyRise? +$BRISE token holders are not only benefited through static rewards but also by the Buy-Back process of the contract. As part of Buy-Back process, contract takes care of buying back some of the tokens and reward for holders them whenever a sell happens. In a nutshell, 98% of the time, you will not see 2 sell transactions at any time and there will never be three sell transactions continuously at any time. + +We invite you to be part of this new innovative concept and join as early investors💰 + +Our marketing team will be planning for bigger marketing efforts, with the hopes that BUNNYRISE become bigger and greater than EVERRISE AND EVERMOON combined! TO THE MOON BOYS! + +🚀🚀 BUNNYRISE Token 🚀🚀 + +📄 Tokenomics 📄 + +🔥Burning: 60% + +📝Presale & Liquidity: 38% + +👨‍💻Marketing: 2% + +Presale information: + +Softcap: 150 BNB - Hardcap: 300 BNB + +Min contribution: 0.1 BNB + +Max contribution: 3 BNB + +Presale will take place at 13:00 BST + +📥 2% tax is collected and distributed to holders for HODLing + +📥 9% buyback and marketing tax is collected. 3% of it is sent for marketing fund and other 6% is used to buyback the tokens + +Website: + + https://bunnyrise.io/ + +Telegram: + +https://t.me/bunnyrise + +Contract: + https://bscscan.com/token/0xcea19c588b091ca7d1149d2709072232da21dda8 +I’m a single digit share holder who hasn’t drsd my shares yet. I’m up in Canada, and it’s a pretty hefty fee to do it. +My question is, what happens if you don’t? Are you still able to sell your shares for the maximum amount during the squeeze? +I have been assured that my shares don’t get loaned out, however are they still really mine? +Any help is appreciated. + +Everywhere i find info that covers what goes on when one is about to or is already in a trade: avoids a trade (fear, via cortisol); revenge trades (anger, via adrenaline + testosterone); or over trades/sabotages (euphoria, via dopamine + testosterone). + +So the question is, when trading, what are the *mechanics* to implement in order to bypass the aforementioned natural responses? +Fell for a fairly unique scam today and wanted to share my experience to help others. + +My wife and I are booking a trip to Turkey later this year. I was doing my research on Google Flights and when I went to book it took me to the Turkish Airlines website. Some of the flight details on the TA website didn't look exactly the same as GF so I figured I'd call customer service and figure it out. I was also seeing some display issues with the TA website, so figured I'd switch to a different browser. I switched to the Edge browser as it is preinstalled with Windows. + +Got all the same stuff open on Edge, opened a new tab, and searched for "turkish airlines contact number" (Edit: turns out "turkish airlines *customer service number*" would have given me the correct result). Of course, being Edge, it searched with Bing by default. This is what I saw: https://i.imgur.com/1sipEdv.png . Looked legit enough, but in retrospect I should've been concerned that this was a "local" business result (I'm in Seattle). + +Called the number and explained the booking I was trying to do with the person on the other end. They asked for all the details of my trip (which flights I wanted, from what cities, my name, my wife's name, DoBs, and credit card info). When they were booking the flights, they said "oh there's only 3 seats left on that one" and talked about "I have the best results because I'm looking at live data". At the time, this sounded legit - in retrospect, they were trying to create urgency to keep me on the call. + +When they went to charge the card, Chase declined it and sent me a fraud alert for a charge with TA. Unfortunately, I thought this was because it was a large amount (~$3k) so I approved it. Another mistake on my part. + +When they sent me the confirmation, that (combined with the fraud alert) was where my internal alarms started going off. The email was from "amos@flightconfirmationdesk.com". Didn't seem like a TA email address. And the person asked me to confirm the reservation by replying to the email. Also seemed wrong. I saw the correct charge amount for TA on my credit card, but the person told me there would be an additional, separate "taxes and fees transaction" for $300 that would go to my credit card. + +At this point, I'm pretty sure it's a scam and am trying to get off the phone. I got off the phone, call TA (on the GOOGLE results phone number: https://i.imgur.com/N8yZ9QX.png) and confirm I do indeed have a flight booked with all the correct details (the confirmation number was legit) except that the email contact listed for me was some other gmail address (which I was able to get changed on the phone with TA). Called Chase to cancel the card to prevent any future charges. + +I'm lucky that there wasn't an additional layer to this scam like a business called "Turkish Airline" (without the 's') or something where they just took all my money. + +LPT: Don't use Bing (even by accident). Apparently their card suggestion algorithm isn't good enough to distinguish between a sketchy business listing and a real, global company. + +TL;DR: Searched Bing for a customer service number for Turkish Airlines. The suggested number by Bing was a Bing Maps listing called "Turkish Airlines" near me. Called the number and the person booked the flight through the website for me, but then tried to charge my card an additional $300. + +Edit (4/26): I just got two emails, one from "amos@flightconfirmationdesk.com" and one from "yourflightticketconfirmation@gmail.com" saying that my reservation will be cancelled because of the credit card decline for the "partial amount of the ticket" ($334.16). Both emails are nearly identical (talking about "if we don't receive payment by X date, your reservation will be cancelled). But - hilariously - one email says that the "payment deadline" was 2 days ago and the other says tomorrow. For all of you who are saying "sounds like it's just a regular travel agency" I think this should be further evidence that it's not. + +But he may cancel my flight for me - which would be great. +Hey guys, + +I'm a computer security and distributed systems guy. I've did audits and trainings at many large banks and lotteries and also built complicated stuff like a quantum cryptography engine and a p2p file sync engine. I also worked at TradeHill for 3 months in 2011. You can learn more about me here http://paulbohm.com/about/ + +You may also know me from a Bitcoin article I wrote two years ago that's popular on Quora: http://www.quora.com/Bitcoin/Is-the-cryptocurrency-Bitcoin-a-good-idea + +I'm really annoyed at the exchange software quality and yesterday spontaneously tweeted that I'd start working on an open-source high-performance highly-secure exchange engine and asked if anyone wants to join me in my San Francisco apartment. + +Seven people showed up, including a Stanford professor, someone who built an ISP, someone who previously built a payment system and an angel investor. They all were tremendous help in nailing down the core architecture. Later today another friend will come by who is an expert in B-tree filesystem design, which will help with getting the data structures right. + +I'm doing some explorative coding at http://github.com/buttercoin/buttercoin and note-taking at http://buttercoin.hackpad.com/ but it's really just a rough outline right now. + +Basically I want to build something similar to the LMAX architecture (http://martinfowler.com/articles/lmax.html), in node.js and put it under an MIT license. If this worked it should allow us to process enormous amounts of transaction, or even do things that help distribute exchange more. + +Let me know if any of you are interested in joining a hipchat or hackpad and discussing the design, or contributing on github. + +I can't promise this will succeed - before yesterday I had no plans or ambition to write an exchange, but I really want Bitcoin to succeed and I don't think it can without a quality opensource exchange package. + +You can email me at ~~enki@bbq.io~~ or if you want to motivate me send donations to ~~1McqPj92jvWfFg5F24dwyDSUptjTosH2EY~~ (i will donate any funds received to the bitcoin foundation should I not succeed at building buttercoin). *Update:* I'm no longer with the project, please get in touch with buttercoin.com + +Any thoughts? I'd love to hear it! + +Ok IRC here: irc.freenode.net #buttercoin +subreddit: /r/buttercoin + +~~leave your email on http://buttercoin.launchrock.com if you want to help out - we might ask for help via email later~~ +It’s very simple, one is a total market index comprised of 4000 stocks, and one is a dividend growth index of around 100 stocks. They are tracking two complete separate objectives. Buy VTI if you want to own the entire US stock market. Buy SCHD if you wanting growing dividend companies. Comparing these is like comparing apples to oranges, it doesn’t make sense. +# Introduction: + +Good evening everyone. This post will be an in-depth look at IBM, and is likely going to end up being a bit lengthy. The stock is in a bit of a weird position, there is no doubt there will be people on both sides of the fence when looking at this stock. First we will take a look at the business for those unfamiliar, then the financials, and lastly their potential road ahead. + +There will be a few questions we are looking to answer: + +1. Is there revenue growth? +2. Is there earnings growth? +3. Is the company really leveraged? (Low/High debt) +4. Is there strong cash flow? + +# IBM - International Business Machines: + +International Business Machines' mdel is to be a part of everything IT's enterprise needs. The company primarily sells: + +* Infrastructure services (37% of revenue), +* Software (29% of revenue), +* IT services (23% of revenue), +* Hardware (8% of revenues). + +IBM operates in 175 countries and has over 80,000 business partners to service 5,200 clients – which includes 95% of all Fortune 500. IBM’s outward impact is substantial. For example, IBM manages 90% of all credit card transactions globally and is responsible for 50% of all wireless connections in the world. + +**Strengths:** + +>\- The company has been able to use its large free cash flow to invest heavily in the future (R&D and acquisitions) as well as buy back significant amounts of its own stock. Additionally the cash flow is allow the company to transition its larger customer base from old lower margin businesses to new higher margin, higher growth products and services. +> +>\- The company consistently tops the annual list of U.S. patent beneficiaries. +> +>\- The acquisition of Red Hat is transforming the company toward new Cloud technology. + +**Risks:** + +>\- IBM’s old mainframe business is in a long term decline. As we will see in the next section, over the last 10 years the company’s Revenue growth is negative, Cash Flow from Operations (CFO) is barely positive. +> +>\- While the stock share buybacks were listed as a positive, they are also a negative. IBM's Earnings Per Share (EPS) is only positive because they bought back so many shares. +> +>\- And most importantly, data and analytics businesses face fierce competition from corporations such as Amazon, Microsoft, and others. + +# Financial History: + +There is going to be a lot to unpack here, let's look at the general trend here. + +|Year|Revenue|EBITDA|Debt|Debt / Earning| +|:-|:-|:-|:-|:-| +|2011|106,916|26,361|27,163|1.0| +|2013|98,368|27,478|29,680|1.4| +|2015|81,741|20,372|38,702|1.9| +|2016|79,919|18,551|40,902|2.2| +|2017|79,139|16,223|45,086|2.8| +|2018|79,591|16,711|42,656|2.6| +|2019|77,147|16,844|66,883|4.0| + +The revenue has decreased approx 4% each year over the last decade, earnings has also decreased down to $16 Billion while their debt has ballooned to over $66.8 Billion setting the current debt/earnings ratio to 4x...big ouch. + +Looking back at the first chart there are two things that need to be pointed out. Firstly, the decline in revenue and EBITDA has been leveling out, from 2017-2019 we can see there hasn't been as much of a decline. Secondly, the ballooning in debt in 2019 is attributed to IMB acquiring Red Hat. + +So let's answer some of the questions. + +1. Is there revenue growth? - No +2. Is there earnings growth? - No +3. Is the company really leveraged? (Low/High debt) - Lots of Debt +4. Is there strong cash flow? Hmmm. + +This is where things are going to get interesting. and less gloomy. (But it is still gloomy) + +&#x200B; + +|Year|Cash Flow from Operations|Capital Expenditures|FCF/E Ratio| +|:-|:-|:-|:-| +|2011|19,846|4,108|16,787| +|2015|17,225|3,579|13,594| +|2019|14,770|2,286|31,365| + +What is really interesting, and a little weird here is they are generating \~$15 Billion in cash flow, and only putting \~$2.3 Billion back into the company, leaving around $12 Billion of free cash flow. When we look at their Free Cash to Equity we can see this has sharply rose, despite declining revenue and earnings. + +At the current stock levels the free cash flow yield over the last decade has been \~11%. So if they can continue to stop their decline, or even turn around at this point there could be strong profit potential. + +Let's quickly look into where the money is coming from. + +**Revenue:** + +|Revenue Sector|2018|2019|Year-Year Change| +|:-|:-|:-|:-| +|Cloud & Cognitive Software|22,209|23,200|\+6%| +|Global Business Services|16,595|16,634|\+2.4%| +|Global Tech Services|29,146|27,361|\-3.7%| + +Looking at only the top 3 of their revenue sectors, we can see their Cloud & Business services growing at a \~2.65% weighted, and their Tech dropping by 3.7% from 2018 to 2019. This is potentially promising and their new CFO and CEO are investing heavily into this Cloud services. From their prospectus they are projecting potential 60% growth revenue models. + +This also does not take into account the potential from their Red Hat acquisition. + +# So what's the big if? + +The big "IF" is whether or not they can turn the business around from where it is currently at or if it will just continue to decline. The earnings/revenue/debt numbers look terrifying right now, but strong cash flow is what allows companies to survive into the future. If IBM can increase their revenue and earnings, pay down debt, and maintain or increase their current cash flow there is a potential for a strong return. + +# Some other numbers: + +NOTE: Current for November 2020 and very likely to change. + +|Current Annual Payout / Share|$6.52| +|:-|:-| +|Yield|5.84%| +|10 Yr Div Growth Rate|11.6| +|3 Yr Div Growth Rate|5.3| +|1 Yr Div Growth Rate|3.5| +|Current EPS Payout Ratio|72.77%| +|Years on Consecutive Div Increase|25 Years| + +As it stands right now, the company is remaining committed to the dividend payouts. They currently have the cash flow to support it, however the payout ratio is already 72%. To maintain this their revenue will need to increase in the coming years. + +# Final Thoughts: + +IBM has been beaten down and currently sits in an interesting position. It is a global behemoth of a company with a wide moat, it is very intertwined in many different services, yet, over the last decade, it has languished financially under their previously poor leadership. + +Picking this up, maintaining your current position, or staying far away depends on your personal risk tolerance. They have been declining, but the decline has slowed. Their growth in the Cloud sector is becoming more profitable, but it has many competitors there. There was a change in upper leadership. They have high levels or debt, but high levels of cash flow. So much is going on. (They are also involved in crypto - Stellar Lumens for those interested in that, won't be talking about it in detail here) + +Ultimately, you need to ask yourself, do you believe in this company? + +I hope everyone found this post interesting, please supplement this with your own research. What is everyone's opinion about the company? + +As always, thanks for reading, and have a good day/night! + +EDIT: Fixed some math errors. Thanks everyone for the comments, remember this post wasn't an endorsement or recommendation to buy or sell, just something to get brain juices going. +I wish my younger me had someone to give me advice on investing. I’m starting the portfolio today or tomorrow when the market opens. Should I set and forget VOO/SCHD 50/50? Typing this makes me feel like I’m late to the game for the future me. +My usual disclaimer: **investors and analysts often assume full DFS nameplate production & purity will be achieved, which means these stocks could rise above my predicted MCs prior to production based on those expectations**. There're likely errors in here, so let me know if you see one. + +You can predict a share price by dividing the market cap by the number of shares on issue, but this will become inaccurate if the company raises capital (because there'll be more shares on issue).Method: Convert NPAT into AUD, multiply by 8-10, divide by the total shares. +When comparing to non-African peers, keep in mind that Australian, Americas & European projects will receive a higher PE ratio due to their safety. So the most simplistic system might be to reduce the below NPATs by at least 1/3rd when comparing them to the other continents. + +FFX, PSC & AVZ are remarkably similar in that they have excellent resources in risky locations. Their deposits have high grades, low impurities, and low strip ratios (waste to ore): [FFX is 3.26:1](https://www.investi.com.au/api/announcements/ffx/33e7f0b2-b79.pdf) (p.3), [PSC is 3.2:1](https://www.prospectresources.com.au/sites/default/files/asx-announcements/6959486.pdf) (p.5), and AVZ is a ludicrous [0.48:1](https://static1.squarespace.com/static/5934d2ae6b8f5beeb5ba23f3/t/5f03fe7b5b6cfa0aa7b7d8ac/1594097315695/20200421+-+DFS+Manono+Lithium+and+Tin+Project+Announcement.pdf) (p.11). +To give you a comparison, PLS is 3.8:1, LTR is 7.7:1, SYA's Authier is 6.9:1, while CXO is currently 13:1 (hopefully dropping). All of the African plays have relatively large resources with expansion potential, so I won't comment on that. + +I'm going to start being tougher on DFS recovery rates, and reduce them by a standard 10%, distributing the total plant running cost among fewer units, thereby increasing the operating cost. Before I do that, I'll isolate port costs (as best as possible), and add them back on after I've inflated the processing costs. + +I'll be using a US$950pt FOB spodumene price, but add in a $750 FOB scenario for the pessimists, and a $1150 FOB scenario for the optimists. + +To make some of my comments clearer, here's a brief explanation of the lithium supply chain: + +* **(1)** Miners: FFX, PSC, AVZ, LPD, Ganfeng, Sinomine +* **(2)** Hydroxide/carbonate converters: Ganfeng, Sinomine, CATL +* **(3)** Battery manufacturers: CATL, Panasonic, LG Chem +* **(4)** Automotive manufacturers: Tesla, Volkswagon + +(upstream) 1 --> 2 --> 3 --> 4 (downstream) +It's a very narrow selection of companies, but note that while some 'vertically integrated' companies span more than one area of the chain, none currently span all (Tesla plans to). + +FFX, PSC & AVZ are heavily dependent upon converters(2) reaching upstream. I'll discuss this more later with respect to AVZ. Lithium brine plays that produce battery quality carbonate span (1) and (2), which is why their CAPEXs are so much higher than hard rock. + +Page numbers without a link refer to each company's DFS. + +&#x200B; + +**FFX (Firefinch Limited)** + +\~952mill shares, fully diluted @ 19/9/21. +FFX is currently valued as a gold producer with some lithium on the side. I'm only assessing the Goulamina lithium project. The lithium project's full value won't be realized until it's spun out as a separate entity in the next 5-6 months. + +This play is distinct from PSC & AVZ in that the CAPEX has already been funded, pending formalities. That de-risking event, combined with its status as current gold producer, leaves the political situation in Mali and global market wobbles as the biggest *immediate* threats. +I'm also only giving FFX 40% ownership of Goulamina, even though they still own 45%. The Malian govt has to pay for that 5%, which I think will happen through tax breaks or similar, not cash. I'm excluding this from my analysis and leaving it as potential upside. The best case scenario is that they retain that 5%. + +Regarding the spinout, I'll use a very basic cash + enterprise valuation. Ganfeng are solidifying their place as the dominant vertically integrated force in lithium conversion & mining. With their expertise, they've valued FFX's 40% ownership of Goulamina at US$65mill. It also has a cash balance of US$65mill. I'm excluding FFX's half of the US$60mill debt facility, and any working capital supplied to the new entity to give it a US$130mill value. +So upon demerging, I conservatively expect the market to attribute a MC of AU$175-180mill. + +For the following calculations, I'm only using the [436,000 LOM recovery rate](https://www.investi.com.au/api/announcements/ffx/33e7f0b2-b79.pdf) (p.3), though I'm mindful that the full capacity 490k (p.3) could be achieved for longer with further exploration. Again, I'll leave it as further upside potential. + +* 2023 full production +* 392,000tpa (90% of 436k) +* US$950 FOB spodumene sale price +* US$202 cost adjusted (10% recovery failure) + 99 road & port = US$301 FOB +* US$50pt other expenses + +((392,000 x (950-351)) x 40% ownership) x 75% (tax) +**NPAT \~US$70.5mill by 2023** +*\[spodumene @ US$750 / US$1150 = NPAT US$47mill / US$94mill\]* + +&#x200B; + +**PSC (Prospect Resources)** + +\~424mill shares, fully diluted @ 19/9/21. +Another promising play, which has other [speculative tenements](https://www.prospectresources.com.au/projects/penhalonga-gold-project). It's technically more difficult than FFX, because they're doing spodumene and petalite, which probably explains the unusually low spod recovery rate of [55%](https://www.prospectresources.com.au/sites/default/files/asx-announcements/6959486.pdf) (p.10). Most DFSs use 70% or higher. + +Originally, they were working with financiers on a [US$143m CAPEX deal](https://www.prospectresources.com.au/sites/default/files/asx-announcements/6960003.pdf), but that was extinguished by retreating spod prices/covid. As a result, they appear to have gone for a less capital intensive staged project—half at first, half later. However, spodumene prices are at ATHs, so the company has expressed interest in going back to the original plan, which would be ideal. + +PSC are in a bit of a catch-22 at the moment with their market cap; their minimum CAPEX is the same as their MC, and they've got 3 ways to secure funding: dilution, debt facility, or both. If it's dilution, you'd expect Sinomine to be involved, a $4bill MC Chinese converter who've already strongly supported the company over the years. But the source of the dilution is less relevant than the quantity.If we use a MC of $115mill for PSC, and a potential 2025 MC of $837mill: + +* Debt 100% / Dilution 0% = SP rises 728% +* Debt 50% / Dilution 50% = SP rises 485% +* Debt 0% / Dilution 100% = SP rises 364% + +Those are rough calculations, but you can see how critical dilution is regardless. +If PSC get both stages funded, they'll be fully producing by 2023. However, I'm going to go with initial stage 1 funding, and leave full funding as possible upside. That means full production 2024. + +Also, I'm not going to inflate the petalite prices in my calculations, because that market seems relatively stable. It's the spodumene that's being pressured by EV & ESS uptake. The company plans to produce mostly high quality petalite (p.10), because the sale price is twice that of the lower quality stuff, which only makes US$55pt (p.13). So my analysis assumes achievement of target petalite grades. Royalties may be a little understated on the petalite. + +* 2024 full production +* 156,000tpa spodumene (90% of 173k) +* 88,000tpa ultra low iron petalite (90% of 98k) +* 22,000tpa low iron petalite (90% of 24k) +* US$950pt FOB spodumene sale price +* US$894pt FOB ultra low iron petalite sale price +* US$483pt FOB low iron petalite sale price +* US$304 cost adjusted (10% recovery failure) + 70 road & port = US$374 FOB spodumene +* US$432 cost adjusted (10% recovery failure) + 70 road & port = US$502 FOB tech petalite +* US$390 cost adjusted (10% recovery failure) + 70 road & port = US$460 FOB chem petalite +* US$50pt other expenses + +156,000 x (950-424) x 87% ownership = US$71mill x 85% (SEZ special tax rate) +88,000 x (894-552) x 87% ownership = US$26mill x 85% +~~22,000 x (483-510) x 87% ownership = US$516k loss (discarding as break even)~~ +**NPAT \~US$82mill by 2024** +*\[spodumene @ US$750 / US$1150 = NPAT US$60mill / US$106mill\]* + +You'll notice that I have the chemical petalite potentially making a loss, which I've excluded on the assumption that DFS prices have since risen. + +&#x200B; + +**AVZ (AVZ Minerals)** + +\~3.356bill shares, fully diluted @ 30/9/21. +~~They have an astounding resource hindered by terrible local infrastructure. Historically, most companies use a staged approach to developing their resource, such as an initial 300k tons pa of spodumene, then looked to expand once cash flow became healthier. AVZ eschewed that approach with an eye watering~~ [~~US$545m CAPEX~~](https://static1.squarespace.com/static/5934d2ae6b8f5beeb5ba23f3/t/5f03fe7b5b6cfa0aa7b7d8ac/1594097315695/20200421+-+DFS+Manono+Lithium+and+Tin+Project+Announcement.pdf)~~(p.1), twice that of most projects—and it's in the Congo. IMO, this has been one of their troubles. My only explanation is that management wanted a shock and awe NPV, but we'll probably never know.~~ +~~AVZ will also mine tin. I won't include it in the failure rate, but instead remove it and add it back in on the end.~~ +AVZ has been partially [funded via a partnership](https://static1.squarespace.com/static/5934d2ae6b8f5beeb5ba23f3/t/615121b3fd9e27603a9acbe6/1632706996922/20210927+Cornerstone+Investor+Secured+for+Manono+Project.pdf), reducing their ownership to 51% from 75%. They have expanded the project, and will be responsible for \~68% of the anticipated \~US$800mill CAPEX. They've already received US$240mill from CATH, so they'll need to raise another \~US$300mill from either a capital raising, or debt/cap raise combination. + +~~I want to discuss the NPV, because it's heavily inflated by the inclusion of a midstream processing plant: lithium sulphate. Significant revenue comes from the sulphate (p.4), and I think it's a questionable aspect of the DFS. Half of the revenue is assigned to spodumene, at a price of US$700pt. The price of spodumene will clearly fluctuate, and that can't be helped, but if AVZ used that price for spod, why did they use a US$7355pt price for lithium sulphate (p.4)? These prices are typically connected, and if the price of spodumene is at US$700pt, how could the price of sulphate be higher than~~ [~~US$6500pt~~](https://www.resourcesrisingstars.com.au/sites/default/files/LTR_221020.pdf) ~~(p.11)? The correction of that single figure reduces gross profit from the sulphate by 18%, profoundly affecting the US$1.76bill NPV.~~ + +~~Like the other African plays, AVZ's financial support was to come from a Chinese converter reaching upstream: Yibin Tianyi. They actually got~~ [~~blocked by the Australian govt~~](https://themarketherald.com.au/govt-rejects-yibin-tianyi-investment-in-avz-minerals-asxavz-2020-04-27/) ~~when trying to invest AU$11.4mill into AVZ for a 12% stake.~~ + +~~Despite desperately needing capital, they've allocated their entire non-sulphate production in offtakes with~~ [~~Yibin Tiany~~](https://www.asx.com.au/asxpdf/20210330/pdf/44v3bnnf52b51s.pdf)~~i (200k),~~ [~~Ganfeng~~](https://www.asx.com.au/asxpdf/20201224/pdf/44r9fj9zmcc2zm.pdf) ~~(160k) &~~ [~~Chengxi~~](https://www.asx.com.au/asxpdf/20210309/pdf/44tgk20hm9n439.pdf) ~~(180k) without securing any funds. And there's no incentive for any of those companies to assist knowing that it'll benefit their competitors as much as themselves. Also, those offtakers maximize profits by processing from spodumene. I believe it's totally unrealistic for AVZ to expect financial support from converters, only to erode their margins through midstream processing.~~ +~~Fortunately, seem to realize that lithium sulphate might not be viable, putting the NPV at US$1bill (p.13).~~ + +~~Removing the midstream processing, they've got a US$376mill CAPEX, which is still on the high side. That's due to a hydro electric power station that costs US$46mill, as there's currently no electricity on site. I'll come to that soon.~~ + +~~Yibin Tianyi has been the most active with AVZ, and to give some perspective, they're a subsidiary of an~~ [~~AU$8bill MC company~~](https://www.reuters.com/companies/300390.SZ)~~. Supposedly, the entire company only makes AU$115mill pa (not sure about the Yibin Tianyi subsid), so their lofty MC is probably a combination of lithium sentiment and rapidly rising profits. Even allowing for profits soaring to AU$300mill+ pa, you can quickly see how limited they are in supporting AVZ's CAPEX, even at the lower rate of US$376mill.~~ +~~Given that we've yet to see a bank support an African lithium project, I'm wondering where AVZ is likely to get their source of funds.~~ + +~~However, the resource is outstanding, and I do think it's just a case of 'when'.~~ + +A quick note on the hydro electric plant. Apparently it costs [US$500-1000 per kW](https://www.irena.org/-/media/Files/IRENA/Agency/Publication/2012/RE_Technologies_Cost_Analysis-HYDROPOWER.pdf) (p.i) to upgrade a plant, and AVZ have budgeted about US$1500 per kW, so it looks plausible (they're refurbishing a plant that operated from 1952-1982 in the middle of Africa). My main concern is the timeframe of 18 months (p.52), because otherwise the operation has to run on diesel generators, which would be extremely costly if the upgrade runs over the deadline. My assessment assumes that the update is finished by the time full production begins. + +AVZ just need to do an updated feasibility study for the expansion, which hopefully we'll be complete by Q1 2022. FID should be concluded by 2H 2022, and hopefully construction will begin not long after. Due to their location, it will be slightly more delayed than peers, and the lithium sulphate plant will add complexity. Full production of everything by 2025, but spodumene might start in 2024. The special economic zone (SEZ) discount tax rate has not been confirmed. + +* 2025 full production +* 1,440,000tpa spodumene (90% of 1600k) +* US$950pt FOB spodumene sale price +* US$282 cost adjusted (10% recovery failure) + 217 road & port = US$499 FOB +* 40,500 tpa of lithium sulphate (90% of 45k) +* US$10k lithium sulphate price +* US$2,928 lithium sulphate cost +* US$18mill sulphate other expenses +* US$50pt other expenses +* add US$75mill for tin (75k tons / LOM) +* US$20,000pt tin price + +(1440,000 x (950-549)) x 51% ownership x 85% tax (SEZ) +((40,500 x (10000-2928)) - 18mill ) x 51% ownership x 85% tax (SEZ) +US$75mill tin x 51% ownership x 85% tax +**NPAT \~US$573mill by 2025** +*\[spodumene @ US$750 / US$1150 = NPAT US$470mill / US$676mill\]* + +&#x200B; + +**LPD (Lepidico)** + +\~7.444bill shares, fully diluted @ 19/9/21. +I want to revisit this one quickly, because [my commentary here](https://www.reddit.com/r/ASX_Bets/comments/opq5wb/market_open_thread_for_general_trading_and_plans/h672llg?utm_source=share&utm_medium=web2x&context=3) was a bit dismissive of LPD as a tech story, without a clear explanation. It was pointed out to me that they've belatedly taken steps to increase their resource size. + +Regarding their lithium technology, they've got: + +* (1) L-Max: process to produce lithium carbonate +* (2) LOH-Max: process to produce lithium hydroxide + +Licencees would choose between these processes, not both, so it's 1 per project. The following is how I think it would work as a tech play. + +LPD seek to make mica deposits more economical. Without researching much, here are the mica based deposits that I can think of: + +* Trevalour (Cornish Lithium) +* Mt Cattlin (GXY) +* Mt Marion (MIN) +* INF +* PAM +* EMH + +Trevalour have [signed with LPD](https://www.lepidico.com/wp-content/uploads/2020/12/LPD-201207-Strategic-Collaboration-with-Cornish-Lithium-Ltd.pdf) with a 15 year royalty holiday. +Mt Cattlin has a remaining 10 year LOM, which rules out spending $500mill on a new facility. +Mt Marion is 50% owned by Ganfeng, who maximize their return by processing in China. +INF has been blocked from mining. +PAM don't have a jorc yet, but let's assume they or EMH sign with LPD, using the following timeline: + +* LPD proves the process at scale by Q1 2024. +* EMH/PAM use that process in a DFS released by Q4 2024. +* EMH/PAM construction starts Q1 2025. +* Construction finishes Q1 2027. +* EMH/PAM commission & qualify their hydroxide with a battery maker by Q4 2027. +* LPD receives revenue from 2028. + +Basically, returns will be minimal this decade, and I'm uneasy about a tech story that wouldn't gain traction until the 2030s. + +LPD have given a discount [royalty rate of 1.5%](https://www.lepidico.com/wp-content/uploads/2020/12/LPD-201207-Strategic-Collaboration-with-Cornish-Lithium-Ltd.pdf) to Cornish lithium, so I'm going to give them an enormous benefit of the doubt and put the full royalty at 3%. That's 3% gross, which comes to about US$500 per ton. The average project scale they're dealing with is probably 20k tons of hydroxide pa. +Gross profit of US$10k per project for LPD. + +Reading through my [previous comments](https://www.reddit.com/r/ASX_Bets/comments/opq5wb/market_open_thread_for_general_trading_and_plans/h672llg?utm_source=share&utm_medium=web2x&context=3), you can see that for every additional 1000 tons of hydroxide from Karibib, LPD will earn a little over \~US$10k+ gross. +So expanding their own plant from just 7,000tpa to 8,000tpa brings as much gross profit as an entire project from another company. + +I maintain my view that progressing the Karibib project will dictate the strength of LPD's SP over the next 5-6 years. +Australian Uranium – Producers, Developers and Explorers part 1 + +The global mined supply of uranium is currently at a 12 year low* as a result of underinvestment, low uranium prices and long term suspension of mines. On the other hand global nuclear capacity has grown every year for the past 8 years following the Fukushima disaster. We are on track for a supply deficit due to many current mines being suspended or reaching depletion. The large time frame involved in building/commissioning new mines will mean the supply of uranium will struggle to balance the increasing demand, driving up prices greatly as countries try to stockpile and meet clean energy targets. I believe uranium has a huge role to play in the future global economy and transition to greener energy sources and have started to build a large part of my portfolio around uranium producers, developers and explorers. Most of you are already aware of the uranium bull market thesis so I'll stop there. If you want to know more there are plenty of good posts on this sub. + +This write-up will try and give a perspective on the most promising uranium producers, developers and explorers in Australia and on the ASX. Any values in this are USD in case I forgot to specify. + +For a rating system I will give each of the above companies a rating from 1-5 (5 being the best) for three categories and an overall buy rating out of 10 + +Position - How fast the company could start mining and capitalise on sustainable spot prices being reached + +Company Health - How well the company is managed, how good their assets are etc. Including other facets of the company i.e rare earth's. Including political climate + +Gains potential - companies I think have the most room for significant share price percentage increase disregarding risk (assuming they fulfil goals) + + + + +Paladin Energy LTD (ASX:PDN) + +Paladin energy are a Western Australian based uranium production company. They have recently completed the sale of their 65% stake in the Kayalekera mine to Lotus Resources which has helped them stabilise their financial position. Paladin currently have one operating mine in Namibia, the Langer Heinrich mine (LHM). The LHM is a proven tier one asset in the global nuclear fuel energy cycle. The mine is situated in the Namib Desert, 80km east from the major Walvis Bay seaport. The decline in uranium market conditions led Paladin in May 2018 to place Langer Heinrich into care and maintenance. + +Paladin have been continuously undertaking value adding study in preparation for the restart of the mine. They have upgraded much of their mining equipment and have all the correct permits to promptly restart mining and uranium exports. Here are some details listed on the economics of the LHM. + +Cost to restart: $81M USD + +Cost of production: $27/lb + +Peak production: 5.9Mlb U3O8 for 7 years  + +Mine life: 17 years + +In my opinion Paladin is one of the safer uranium based investments due to the existing infrastructure, proximity to a seaport and their start up plan/ability and relevant permitting to begin production and mining as soon as the uranium prices allow it. They employ an experienced senior management team including the recent appointment of Ian Purdy who has a proven leadership record as a successful CEO and Chief Financial Officer (CFO) with experience in Australian and international natural resources. I hold a small position in PDN and am excited to see where the future takes them. + + +Paladin Energy LTD +Position: 5 +Health: 3.75 +Gains potential: 3 +Buy rating:🚀🚀🚀🚀🚀🚀🚀🚀🚀(9) +_______________________________________________________ + +Bannerman Resources LTD (ASX:BMN) + +Bannerman Resources Limited is an ASX and NSX listed exploration and development company with a 95% interest in the Etango Uranium Project in Namibia; a southern African country which is a premier mining jurisdiction. Etango is one of the few uranium projects in the world with a completed Definitive Feasibility Study (DFS) as well as environmental permitting and is one of the world’s largest undeveloped uranium projects.  +The feasibility study indicates the following: + +Ore Reserves totalling 279.6 million tonnes at an average grade of 194ppm U3O8 for 119.3 Mlbs of contained U3O8; + +Production of 7-9 Mlbs U3O8 per year for the first five years and 6-8 Mlbs U3O8 per year thereafter, based on an average processing throughput of 20Mt per annum and an average metallurgical recovery rate of 86.9%, which would rank Etango as a global top 10 uranium only mine; + +Cash operating costs of US$41/lb U3O8 in the first 5 years and US$46/lb U3O8 over the life of mine + +At a uranium price of US$75/lb U3O8, the Etango Project generates operating cashflow of US$2.7 billion before capital and tax, and free cashflow of US$923 million after capital and tax, based on 104Mlbs U3O8 life of mine production; + +Pre production cost of $870 million USD + +Minimum mine life of 16 years + +In terms of location the Etango Uranium Project is situated approximately 73km by road from Walvis Bay, one of southern Africa’s largest and busiest deep water ports with over 35 years’ experience of importing mining and processing consumables and exporting uranium oxide. This will be the main method of transportation of goods via existing roads to get to the port. Bannerman have a decent media exposure and a young media focused board. The Chairman, Brandon Munro, is well known in the global uranium media and corporate community.  +I hold a decent position in BMN. Naturally Bannerman not being an operational mine does set it back in terms of time, however their inferred resource would make them one of the largest uranium mines on the world. Perhaps they won’t be the first to soar but I believe the future of Bannerman is bright.  + +Bannerman Resources LTD +Position: 3 +Health: 3.5 +Gains potential: 4.5 +Buy rating: 🚀🚀🚀🚀🚀🚀🚀(7) + +_______________________________________________________ + +Boss Energy LTD (ASX:BOE) + +Boss energy is one of the few uranium projects ready to participate in the early stages of the new uranium bull market. Against a backdrop of strengthening uranium prices, the Company has been proactively identifying, addressing, and positioning the Honeymoon mine to be Australia’s next producer of up to 3.3M lbs per annum. Honeymoon is unique in that it contains a fully permitted uranium mine with $170M of established infrastructure including a plant in good condition under care and maintenance, that has produced and exported uranium from the safe jurisdiction of South Australia; where it holds approved Heritage and Native Title mining agreements. + +Boss’s cash burn rate relative to its market cap stands out as evidence that the company is well on top of its spending, and as of Dec. 2020 they were in no debt. The company has also raised $60 million through a share placement and will strategically use it to acquire a large inventory of uranium in the United States. This will help ensure a lower risk restart to the Honeymoon mine.  +Some points to consider: + +1 of only 4 fully permitted mines in Australia  + +Uranium export permit recently renewed + +Native Title agreements are all in place + +Operational permits and licences in place, lower risk on timing of start up + +Native Title agreements are all in place + +Operational permits and licences in place, lower risk on timing of start up + +Board and management experienced in constructing & operating uranium mines + +Located in South Australia + +Port Adelaide has established uranium shipping routes for international markets + +Idled restart mine in care & maintenance, can quickly respond to market conditions + + +Another company which I believe is positioned to quickly react to a rising uranium price, and situated in sunny South Australia makes this all the more promising given the secure political landscape. I hold a large amount of BOE based on my portfolio size and they are one of the better options and will be some of the first to move  IMO. + + +Boss Energy LTD +Position: 4.5 +Health: 4 +Gains potential: 4 +Buy rating: 🚀🚀🚀🚀🚀🚀🚀🚀🚀(9) + +_______________________________________________________ + +Marenica Energy LTD (ASX:MEY) + +Marenica is a uranium focused exploration company. They base their operations in the Erongo uranium province of Namibia, a country with an established uranium mining industry. In Namibia, Marenica has three uranium exploration project areas, being the Namib Uranium Project, Marenica Uranium Project and Mile 72 Uranium Project. These areas are located in the North West, North and South East of the Erongo province. This spread of projects provides good opportunity for exploration in a large tenement position. +  +Marenica holds a suite of uranium projects in Australia, the 100% owned Angela, Thatcher Soak, Minerva and Oobagooma projects and joint venture holdings in the Bigrlyi, Malawiri, Walbiri and Areva joint ventures.  These projects contain 48 Mlbs of high-grade uranium Mineral Resources at an average grade of 859 ppm U3O8. + +Marenica also have a patented U-pgrade™ benefication process. It is alleged that this process can revolutionise surficial uranium processing by reducing processing capital and operating costs compared to conventional processing by approximately 50% and thereby, improve the economics of uranium projects which process surficial uranium. More info on this can be found on their website. http://marenicaenergy.com.au/about/  + +Marenica is a more speculative option and is definitely a riskier investment, however I believe their patented beneficiation process could prove a very interesting prospect and is worth keeping an eye on. I plan on holding a small amount of MEY as even if their exploration doesn’t work out they also have a focus on implementing their process to third party products. + + +Marenica Energy LTD +Position: 3.5 +Health: 3 +Gains potential: 4.5 +Buy rating: 🚀🚀🚀🚀🚀🚀🚀(7) + + + +_______________________________________________________ + + +Marmota Limited (ASX:MEU) + +While Marmota may be more well known for gold/copper exploration, they have also got a uranium interest in Junction Dam. Junction Dam is Marmota's flagship uranium project, located 50km west of Broken Hill. Marmota has 100% of the uranium rights and high grades of uranium mineralisation have been intersected over three phases of drilling. There is an Inferred Resource for the Saffron deposit at Junction Dam of 5.4 million pounds at an average grade of 557 ppm U3O8 and an Exploration Target of 22 to 33 million lbs U3O8. + +While results and grades alone don’t make a producing mjne, they are good nonetheless. Junction Dam is located 15km from the BOE Honeymoon mine. This makes any potential development significantly cheaper due to existing infrastructure and also makes an opportunity for partnership with Boss Energy. + +While MEU is a speculative pick, I feel it is made safer by multiple projects outside of uranium and the fact that BOE is nearby. I will be holding MEU for a while in the hope that one of their projects pays off. When Havilah, who are located close by announced they were deciding the best course with their uranium asset, their share price jumped 30%. For comparison the Havilah resource is considerably inferior to Marmota’s.  + + +Marmota LTD +Position : 4.0 +Health: 3.5 +Gains potential: 4.5 +Buy rating: 🚀🚀🚀🚀🚀🚀🚀🚀(8) + +_______________________________________________________ + + +Lotus Resources Limited (ASX:LOT) + +Lotus Resources Limited is an Australian-based minerals exploration and development company. The Company’s key asset is a 65% ownership (currently negotiating towards 85%) of the Kayelekera Uranium Project located in northern Malawi, Africa. The Kayelekera Uranium Project is a large 157km2 tenement package with excellent exploration potential and hosts a high grade resource with an existing open pit mine and demonstrated excellent metallurgical recoveries.  The remaining 35% is held by Lotus’s joint venture partner Kayelekera Resources Pty Ltd (20%) and the Government of Malawi (15%). The fact that the government has an interest could prove vital given the difficulties of the political landscape. + +The Kayelekera Mine was officially opened in April 2009 and produced 10.9Mlb between 2007 and 2014. The mine is currently in care and maintenance since 2014 due to the sustained low uranium spot price and to preserve resource and shareholder value. It is expected that production will recommence once the uranium price provides a sufficient incentive and grid power supply is available on site to replace the existing diesel generators. Once uranium prices offer sufficient incentive for restart, production, with some upgrades, is expected to be approximately 3Mlbpa +. +Some important points: + +100% accepted by conversion facilities in US, Canada and France + +Existing resource of 37.5Mlb at 630ppm U3O82 + +Limited exploration in the last 20 years (more drilling sarting in 2022) + +2.5Mlbs PA production estimate + +Low capital intensity /lb + + +Another of the big names, LOT represents a sound investment with plenty of room for growth and the ability to capitalise quickly on an increase in uranium prices. I hold a larger portion of LOT and expect them to be one of the first movers. A well run company and a trustworthy and experienced management team made this a good investment for me. + +Lotus Resources LTD +Position: 4 +Health: 4 +Gains potential: 3.5 +Buy rating: 🚀🚀🚀🚀🚀🚀🚀🚀🚀 (9) + +_______________________________________________________ + + + +All views in this post are my own and are not financial advice. I've given brief snapshots of some companies in the uranium sector and my two cents on them but I would highly recommend further research if you do invest in any of these. I know I don't know everything so feedback is appreciated just dont be a cunt. Stay tuned for part 2. +&#x200B; + +https://preview.redd.it/xn0aar4x50671.jpg?width=700&format=pjpg&auto=webp&s=44db653cbb87f0a2cd0ba44ab23f5a67811ec4f8 + +*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/xr1s5c6060671.png?width=2048&format=png&auto=webp&s=1086d69d98a13cc834612f0c4f62a0a9c8713d51 + +TPG Telecomm is the new face of the merger between TPG Corporation and Vodafone Hutchison Australia. It’s a multinational telecommunications business, which is now the 3rd largest in Australia behind Telstra and Optus. The company houses several recognizable brands including: + +https://preview.redd.it/l9o1ot1160671.png?width=1195&format=png&auto=webp&s=6bdabe4726fd6d7083d5a3e0df3efc1c364eaa8a + +As a result of the merger, the history of the business is two-fold. + +TPG Corporation (known originally as Total Peripherals Group) was founded in 1986 by David Teoh an Australian business man who was born in Malaysia. For its entire history Mr. Teoh as Founder, Chairman, and CEO, has helmed the company. He shaped it into a multi-billion dollar business, providing internet and fixed phone services across Australia, New Zealand, and Singapore, as well as offering mobile packages using Vodafone as its service provider. + +Vodafone Hutchison Australia (VHA) arose from a joint venture between Hutchison Telecom Australia (HTA) a subsidiary of CK Hutchison Holdings, and Vodafone Group. The original Hutchison 3G Australia business traced its history as far back as 2001. Though, the controlling interests of each of these businesses have a much more extensive history, which I will get into a bit further later. + +# The Checklist* + +* Net Profit: negative 6 of last 10 years. Bad ❌ +* Outstanding Shares: #N/A. Neutral ⚪ +* Revenue & Profit: stagnant overall. Neutral ⚪ +* Insider Ownership: 0.5% w/ several on-market purchases LY. Neutral ⚪ +* Debt / Equity: 46% w/ Current Ratio of 0.5x. Bad ❌ +* ROE: #N/A L10Y w/ 4% FY20. Bad ❌ +* Dividend: #N/A L10Y w/ 1.2% Yield FY20. Bad ❌ +* BPS $6.40 (0.9x P/B) w/ NTA **-$1.39** (#N/A P/NTA). Bad ❌ +* 10Y Avg: SPS $2.84 (2x P/S), EPS **-5.9cents** (#N/A P/E). Bad ❌ +* Growth: +2% Avg Revenue Growth L10Y w/ **-2%** FY20. Neutral ⚪ + +**Fair Value: 37.5cents** + +**Target Buy: None** + +With negative earnings on average and a negative net tangible book value, there is no positive target price that would represent a “good deal.” In this case, fair value is positive only because of its revenue potential and to a smaller degree its dividend yield. + +^(\*I have generated some of the checklist based on the combined historical revenue and profit figures from TPM and VHA. Due to the merger changing balance sheets, debt, equity, outstanding shares and so forth, and the difficulty of providing a meaningful consolidation in those areas, I have left off consideration to the relevant historical metrics.) + +# The Knife + +https://preview.redd.it/61qg83sg60671.png?width=1865&format=png&auto=webp&s=c313d240efdbd1fc1d20e14c2224c707e84846f9 + +The newly created TPG peaked almost on its first day of trading under the new name. During the intraday it reached $9.70. For a very brief amount of time, TPG held a market cap of 18 billion. Since then, it has been on a steady decline, with more recent developments accelerating the fall. + +In late May, TPG fell to around $4.8 per share for about a week. Peak to trough, TPG had shed half of its value. It has since popped back up, closing on Friday 18th of June 2021 at $5.89. At 10 billion market cap, it is still 34% under where it started only one year ago today. Despite all that, it still ranks as the 47th largest public company on the ASX. + +While the company share price has not fallen to the degree in which many of the other companies in the Catching the Knife have suffered, I think there is a long road yet for bagholders of this company. + +# The Diagnosis + +The Short Answer: Potentially overly optimistic expectations of the benefits of the merger of TPM and VHA has worn off after mediocre results in 2020. + +The Long Answer: What was pitched as a merger of equals has turned out to be more of an outright takeover. Ironically, the business with a long history of losses and negative growth was the one that has subsumed control over the new company. What investors are left with is a bloated company, with multiple layers of cost duplications, and run by what is probably bad management. + +&#x200B; + +[Behold our combined power!](https://preview.redd.it/bhtmgb5j60671.png?width=1000&format=png&auto=webp&s=64378ee8a8cba38a8fb50bdff82631fff96ed38d) + +The combined historical fundamentals do not paint a rosy picture. To start, 113% of the shareholder equity is goodwill and intangibles. Take that out of the picture, and the company has a negative net tangible book value. To me, the debt to equity ratio doesn't reveal the true nature of their debt position. + +The balance sheet is in shambles; surprising after two major companies united. One would think that there would be an excess of assets. Instead, TPG are holding about 5.4billion in debt and are staring down a current ratio of 0.5x, with 680million in current assets trying to cover 1.4billion in current liabilities. + +Their free cash flow from operating activities was about 1.1billion last year, but after everything was said and done, they still had a negative net cash flow of -614million. This includes a net +100million odd in net extra borrowings. I’m not sure how they plan on servicing their debt in the long term with those kinds of underlying flows. + +They may be able to bring some efficiency to both business halves by consolidating assets and personnel. Though, it is notable that TPG and Vodafone as brands are still operating independently. + +# The Outlook + +Perhaps the only reason the consolidated figures even look halfway decent is due to TPG Corporation pulling most of the weight. And since the 2020 figures for TPG only included the 2nd half of TPG Corps’ contributions, things should improve a bit more for FY21. However, that is a small beacon of light in a very long and dark tunnel, when you look just another layer deeper. + +&#x200B; + +[From TPG FY20 Annual Report ](https://preview.redd.it/vh35dpms60671.png?width=1563&format=png&auto=webp&s=a34cc62d93d64a19b4c2ee0a0e1901f8ef25915b) + +One problem is that according to the latest annual report, TPG lost a lot of its mobile subscribers last year. The totals as of Dec 2020 were down over 12% since Dec 2019. Some of those customers were replaced by broadband customers, but only a very small number were added in comparison to those lost. It works out to be an over 700 thousand net loss to TPG's customer base. + +&#x200B; + +[\*Based off TPG FY20 results \(missing the 1H20 of TPM revenue\).](https://preview.redd.it/6ljtfntu60671.png?width=900&format=png&auto=webp&s=57addcee8f9b5bde2ea97508e9bf892bfc4396de) + +To really drive home the significance of this issue, half of TPG’s revenue is derived from its mobile customers. When you consider that another 20% on top of that comes from the sale of phones, they are extraordinarily exposed to the dramatic decrease in their mobile customer base. + +&#x200B; + +[From TPG 2020 Annual Report](https://preview.redd.it/vyqec9w270671.png?width=1393&format=png&auto=webp&s=5e65baae2f50b827e11e1f6959846b7324a1a954) + +Not only that, the real value of TPG's modestly growing broadband customer is being eroded by costs increased from the NBN. So, TPG are likely to bring in less earnings next year in their broadband segment. If they cannot arrest the shrinking of their market share in mobile phones, they will surely see a significant impact to their FY21 figures. Undoubtedly this will be papered over by the fact that the TPG Corp side of the business will be bringing on an extra half year worth of earnings to the overall figures. + +# The Verdict + +**The Merger of “Equals”** + +When the merger was initially presented, it was pitched as a merger of equals in the presentation to TPG Corporation shareholders. However, looking into the historical figures of TPM and VHA (which I will add, I really had to dig hard to find the later, and perhaps unsurprisingly given below), a very different picture is painted. + +&#x200B; + +https://preview.redd.it/tvccsxz570671.png?width=2531&format=png&auto=webp&s=62c4cf993b4d1a01cdde858c67de702f9f4e0c4a + +While TPM was profitably growing since 2010, VHA on the other hand has been bleeding out, both in a shrinking overall revenue and in the 9 straight years of net losses. As it stands, the merger only really breathed new life into what would appear to be the failing Vodafone Hutchison business. + +**David Teoh Resigns** + +When it was abruptly announced that David Teoh, the original founder, chairman, and CEO of TPG was resigning from his position as Chairman of the newly created TPG Telecom, it seemed to me to be a rather poignant event. + +[Ain't nobody got time for that.](https://preview.redd.it/9gw2nj1770671.png?width=800&format=png&auto=webp&s=eb387b31c5f8dbcf763380f523f17dddcf167132) + +Evidently, Mr. Teoh is a very private man. There are only a couple of times that photos have been taken of him in public. So while his formal resignation letter in March of this year indicated that it was his decision, one tends to speculate as to the real reasons behind the scenes. We perhaps will never know. + +**Who Controls TPG?** + +What we do know is that along with Mr. Teoh, his sons Shane and Jack Teoh are also stepping down from the board. Furthermore, Tony Moffatt, the company secretary, and Stephen Banfield, the CFO, whom previously served at TPG Corp under Teoh for many years, have resigned. + +In contrast, Inaki Berroeta, the current CEO of TPG whom previously helmed VHA will remain on as the CEO. Canning Fok, who is the Chairman of Hutchison Telecom, and thus a major controlling interest of TPG, will take over as the chairman. + +This is my own speculation, but to me it looks like the man who had built up the TPG brand since the 1980s has been lured into a merger, only to be thrown aside by the VHA hangovers. If it was the plan all along to take over TPG, and expunge the previous owners, they’ve been very successful so far. + +Such a move would make a lot of sense if the roles were reversed, and the Vodafone Hutchison management, with years of losses and negative growth, were being cut loose for more able replacements. Instead, it looks like it's the deadwood that launched the mutiny. At least, in my own humble opinion. + +**Controlling Interests** + +When I initially tried to determine the sort of skin in the game that the “insiders” of TPG had, other than David Teoh, you realize that it’s somewhat of a convoluted mess of joint ventures, shell companies, subsidiaries, and conglomerates. + +&#x200B; + +[\*points wildly at the board\* It's all connected!](https://preview.redd.it/ogmjgpug70671.png?width=2000&format=png&auto=webp&s=2d578392c0b1b6978d596d4712ce519cc71387ac) + +Ultimately, the buck stops with two main controlling interests. + +CK Hutchison (not to be confused with Hutchinson Builders) through its subsidiary Hutchison Telecom (HTA ticker). CK Hutchison was originally known as Cheung Kong Holdings, which was founded in 1950 by Li Ka-Shing in Hong Kong. The current business turns over around 51billion USD per year. It is a conglomerate of dozens subsidiary companies across telecommunications, ports, transport, retail, and infrastructure that own assets around the world. It is registered in the Cayman Islands, though its headquarters remains in Hong Kong. The main holding company trades on the Hong Kong Stock Exchange, and is one of the exchange's largest companies. + +Vodafone Group is a British telecommunications company, which was founded in 1991. It has since then expanded around the world with revenues of 45billion Euro per year. Its business is a bit more focused on telecommunications, television, and internet. It operates networks in 22 countries, with customers in a further 48 on partner networks. At this stage, it is listed on the London Stock Exchange as well as the Nasdaq, and is part of the FTSE 100. + +&#x200B; + +[TPG FY20 Annual Report](https://preview.redd.it/uj1rptys70671.png?width=1064&format=png&auto=webp&s=395e197bf206476ba1b12af6f3771e25bcbf22b0) + +Each party controlled 50% of the original Vodafone Hutchison. Their combined interest, including other subsidiaries, is about 64% of the newly formed TPG Telecom. This is interesting, and perhaps makes sense why Teoh resigned. Despite his family holding 318million shares (17%), which is the single biggest shareholding of any ‘individual’, he was a major underdog in voting power to the combined interest of the multinational conglomerates with an outright majority control. + +**Why is this Relevant?** + +There is no denying the motivation and drive that a heavily invested founder brings to a company. With Teoh gone, what is TPG left with? The combined direct interests of the current directors is less than 0.5%. How to quantify the extent of all of the indirect interests is difficult. For example, the new chairman Canning Fox owns shares in the HTA listed subsidiary to CK Hutchison, which in turn owns roughly 25% of TPG. But at the end of the day, it isn’t a direct interest in TPG. In other words, decisions affecting the shares of TPG would not necessarily materially flow on to Canning through his HTA holdings. As such, it would seem to me that management really doesn't have any real skin in the game. + +Furthermore, it is evident when you look behind the curtain that the company is now “TPG” in name only. That brand was the culmination of David Teoh’s life’s work, but the current executive management and controlling owners are actually the very same ones who were running the previously Vodafone Hutchison business into the ground year after year. + +Indeed, it was the VHA ticker that was changed to TPG, rather than a totally new entity being formed. Searching for reports and old charts is surprisingly difficult under the previous VHA ticker. Perhaps it was unintentional, but the history is somewhat obscured now. And in another way, my personal impression when reading through the new TPG annual reports (and even the wiki entry), is that VHA seem to have subsumed the face of TPG, without really acknowledging the substantial history under Teoh. + +&#x200B; + +[We miss you already, Mr Teoh.](https://preview.redd.it/yuiytek080671.png?width=900&format=png&auto=webp&s=ce461e4228489793c6d8fd1ba9c4b704cc85669e) + +The ultimate tragedy here may well be that Mr. Teoh himself must watch his company be slowly bled out by overseas conglomerates, while he himself has his wealth locked up in voluntary escrow (at least until July 2022). Hopefully for his stake the business is still worth something then. + +At the end of the day, I don’t have a ton of confidence in TPG’s management and executive team as they are now. They are more or less hangovers from the old VHA business. And having dug deep to find the history, their record is nothing to be proud of. I would hold little hope that they would have the kind of business acuity to run TPG well. + +# The Target + +With all that being said, I don’t know how I could consider TPG as it is now as a good investment. However, even a bad investment can have a valuation, so let’s crunch the numbers to see if we can find a valid fair price and target price. + +[Blue indicate TPG proforma estimate. Note: VHA $734 NPAT for FY20 is due to +$820 in tax benefits after an underlying loss.](https://preview.redd.it/6m0cofn380671.png?width=643&format=png&auto=webp&s=d36d98fa4be34a415c31d947c214cadeade6bc74) + +Given VHA’s historical performance overall negative earnings, even when combined with the more profitable TPM figures, a long-term view will not sustain a relevant fundamental pricing. Normally I would approach valuations as conservatively as possible, to limit downside, but in this case, I may need to take the most optimistic viewpoint in order to be able to find any price at all. + +TPM was not officially merged with VHA until half way through 2020, so the first half of the consolidated TPG annual report only include half of TPM’s figures. However, in the notes of the annual report, they provide a couple of proforma estimates for 2019 and 2020, which estimates the performance of the two businesses had they been together. + +The other issue in a proper valuation is accounting for the negative net tangible assets. To address this point, I think it is reasonable to directly deduct the net tangible value per share from our fair value and target price, rather than including it as an additive valuation metric. + +All that being said, that gives us the following fundamentals: + +* SPS $2.97 +* EPS 15.2cents +* DPS 7.5cents +* NTA -$1.39 + +That provides us with the following FY20 Proforma fair and target prices: + +**Fair Price (FY20P) – $1.48** + +**Target Price (FY20P) – 35.2cents** + +To be clear, my fair and target price valuations are not predictive. I don’t necessarily think that TPG will reach these levels. The purpose is to try to give the company an objective assessment of their intrinsic value, and to provide a fundamentals-based target entry point which tries to limit the potential downside. As it stands, TPG in my opinion is not worth even a fraction of its current valuation, and perhaps ultimately, it’s worth nothing at all. + +# The TL;DR + +TPG Telecom is the result of a merger of equals between the old TPG Corporation (TPM) and Vodafone Hutchison Australia (VHA). It is a multibillion-dollar telecommunications company that serves customers across Australia, New Zealand, and Singapore. A deeper dive on the company finds that it seems to be in reality a rebadging of the old Vodafone Hutchison failing business, with the old TPG Corporation having been perhaps unwittingly taken over in the process of the merger. + +Looking at their historical figures and their current financial position, one finds many concerning things. Namely, a chronic history of net losses, even when the profitable business of TPM is consolidated into the figures. Further to that, a weak balance sheet, with an iffy near term and long-term debt situation, along with a negative net tangible asset position. + +If we were to draw a direct market comparison: Telstra, which trades at nearly half the price of TPG has otherwise very similar stats. With SPS $1.89; EPS 15cents; DPS 16cents; NTA 62cents, TLS sports similar earnings, more than double the dividend, and positive net assets. Sales per share are lower to be sure, but of all the metrics, that is perhaps the least useful. + +Further to that, Telstra has a 20-year history of positive net profits and a really consistent track record of revenue (overall growing, though slightly). And maybe importantly to some, it doesn’t have a rat’s nest of foreign owned conglomerates behind it, with most of TLS shares owned by Australian financial institutions instead. Ironically, Telstra is talking about splitting up to unlock value, while TPG merges ever bigger. + +Why TPG commanded the kind of valuation it had, I think comes down to the record and business acumen of David Teoh, its founder and previous CEO and Chairman. With him now pushed out of the picture, having resigned from his positions whether willingly or not, shareholders are left saddled with a bloated conglomerate run by bloated conglomerates. And on top of that, it’s now helmed by the same management that couldn’t seem to make the Vodafone Hutchison business turn a positive profit for almost a decade prior. As such, I don’t see the appeal of owning TPG at this stage. + +*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 TPG and whether there is potential here that I am not seeing. Also, suggest other dogshit stocks that are/were on the ASX 200 index, and I might put them on the watchlist for a DD in future editions of this series.* + +*Currently on the Watchlist (rough order): RBL, CGF, URW, IPL, Z1P/APT, COE, SGH, SSM, SXL, RFG, ASB, AZJ, MYR.* + +*Previous Editions of Catching the Knife:* + +1. [The Second Australian Company (AGL)](https://www.reddit.com/r/ASX_Bets/comments/ms53c0/catching_the_knife_the_second_australian_company/) +2. [The Daigou Milk Company (A2M)](https://www.reddit.com/r/ASX_Bets/comments/mxf4xu/catching_the_knife_the_daigou_milk_company_a2m/) +3. [The Largest Australian Energy Company (ORG)](https://www.reddit.com/r/ASX_Bets/comments/n1va2b/catching_the_knife_the_largest_australian_energy/) +4. [Amazon’s Bogan Australian Cousin (KGN)](https://www.reddit.com/r/ASX_Bets/comments/n7cpxk/catching_the_knife_amazons_bogan_australian/) +5. [Putting the Autistic Individual in AI (APX)](https://www.reddit.com/r/ASX_Bets/comments/ncm2on/catching_the_knife_putting_the_autistic/) +6. [The Australian Telecom Company (TLS)](https://www.reddit.com/r/ASX_Bets/comments/ni771f/catching_the_knife_the_australian_telecom_company/) +7. [The Company Formerly Known as an Insurance Co (AMP)](https://www.reddit.com/r/ASX_Bets/comments/nmvp0v/catching_the_knife_the_company_formerly_known_as/) +8. [The Largest Australian Salmon Farmer (TGR)](https://www.reddit.com/r/ASX_Bets/comments/ns2qb5/catching_the_knife_the_largest_australian_salmon/) +9. [The Largest Australian IPO of 2020 (NXL)](https://www.reddit.com/r/ASX_Bets/comments/nxc84d/catching_the_knife_the_largest_australian_ipo_of/) +The title explains my situation. I'm 17 and recently found out that my grandma has been saving up money for me for a long time, and the account will soon be transfered to my name. The account has roughly $75K in it, which will pay for three years of college at best (at least with the schools I'm looking at currently, which are all on the bigger side because I need a strong STEM program). I'm going to apply for academic scholarships as well as trying to get an athletic scholarship if I do find a smaller school which is STEM heavy (one option being RIT). Unfortunately, outside of my grandma I don't have any family members who are reliable and trustworthy, so after this year of school I'm pretty much on my own (graduating from high-school with roughly 30 college credits from AP and dual enrollment). My plan right now is to get certified as a personal trainer as soon as I turn 18, get my drivers license, and take $1,000 out of the college fund to pay for a cheap car. Outside of this, I'm honestly not sure what the best route would be to secure my security and independence. Any and all advice is appreciated. Thanks in advance. +Sol is in the top 10, Tron is the top 15, SHIB is in the top 20 and to be honest at the current stage, 99% of coins in the market has no real utility or intrinsic value. What they can do is swapping a shitcoin for another shitcoin or staking to gain more shitcoins. How crypto market isn’t just a large online betting site when everything gain value from short time speculation and manipulation. When the price hasn't really been correlated with the quality of the product. It's just all the hype. Many crypto holders have not even transferred their coins out of an exchange ever. + +TBH, the longer I’m in the crypto market the less I'm leaning toward crypto and the more I lost hope in the community. Aren’t this community consisted of a bunch of greedy, naive, clueless people and a few scam artists who will get rich. +I wonder why my units weren't alloted. Then this came + +&#x200B; + +Dear Investor, + +***Greetings from MFUI !*** + +We understand from our payment aggregator that due to some server issue at NPCI, there is a delay in Pay*Eezz* mandate registration and also in receipt of money for transaction orders reported since 1st Feb 2021. Even though your bank account is already debited our service provider is yet to receive clear funds from NPCI. This issue is not yet fixed. + +Upon receipt of credits the same shall be forwarded to Fund House account for unit allocation. + +Please bear with us till then.  + +Meanwhile, for subscription transactions, **we strongly recommend usage of NEFT/RTGS option.** [Click here](http://panela.mfuindia.com/gtrack?clientid=55947&ul=%0DAQoCVFFJVE8BWA0FEQlYXg9QUFRaVXBeWFZQW09WCglKSQ==&ml=Ag4DGlVJUgtaRQ==&sl=ckRyGjBmGWAubR0UAA9cXAcdVVNBWF5dXFYXVA5YGVQ=&pp=0&) to know about NEFT/RTGS. + +*Keep Transacting!!* + +Yours Truly, + +Team MFU +Has the recent housing market made owning a single house a better investment than buying stocks, or do you still need to buy multiple properties to make real estate outperform stocks? +The biggest ever Bitcoin options expiry is due on March 26. Over $6 billion worth of Bitcoin options will expire across exchanges on Friday, at 4pm UTC to be precise. This will be a record expiry in terms of the value and number of options, a total of 100,400 Bitcoin options will expire. The previous record was set in January when nearly $4 billion worth of options expired, representing 36% of the open interest at the time. + +But after each expiry this happens. So strap on for some serious action next week and beyond. + +Edit: want to link to [**u/the\_far\_yard**](https://www.reddit.com/user/the_far_yard/) great follow up post with a stack load more data here - [https://www.reddit.com/r/CryptoCurrency/comments/mdykmt/what\_happens\_to\_bitcoin\_when\_options\_expire\_each/](https://www.reddit.com/r/CryptoCurrency/comments/mdykmt/what_happens_to_bitcoin_when_options_expire_each/) + +Well done sir. + +&#x200B; + +[Boing Boing BOING](https://preview.redd.it/urf4v5lneap61.jpg?width=900&format=pjpg&auto=webp&s=cc19e56b93c08f79e11a113f5147a2ad8b75797e) +My wife and I currently work for the same company. Both in our early 30's. We had a combined income of $220k and saved 50%. Over the years, we've saved about $900k that are mostly in Vanguard mutual funds. Our goal is $2 million with a 5% withdrawal rate. + +We lived very close to work, but in an undesirable area. Because of that, we owned a second home about 2.5 hours away that we would go to most weekends and holidays. This second home is much closer to friends and family. This is where we planned on retiring to once we hit our magic number. + +Our company started offering remote work to some employees who were in certain positions. Unfortunately, nether of our positions were available. We spoke to our managers and we were both offered remote work by moving into different positions within the company. Our combined income would drop $50k, bringing us down to $170k. + +Well, we pulled the trigger. We sold our primary home (walked away with $62k at settlement), and moved into our second home, where we now both work remotely. Our expenditures dropped almost $2000/mo (no more mortgage, insurance, property taxes, utilities, and weekly gas driving back and forth to our second house). We also cut back on eating out for dinner (which we were doing a lot on weekends while at the second house). We cook at home much more now. + +Our income obviously dropped more than our expenditures, but our quality of life is so much better. On top of all that, we had our first child. Because we both work from home, we have no day care expenses, which we would have had if we both still worked in the office. + +Were we stupid for giving up that much income to simplify our lives? I don't want to really do the math to see how many years it will set us back. But it's been about 6 months and we have no regrets. Life is good, and we're still on the road toward financial independence. I just wanted to share our story. Thanks for reading. + +*edit* Thanks everyone! Going to bed. I'll check back tomorrow. +We’ve hit thresholds where several of our financial institutions we’ve collected along the way (we are sprinkled around Merrill, Schwab, ETrade, Fidelity, and Empower/Personal Capital for various reasons) are reaching out to us offering to consolidate more of our finances with them and put us into their wealth management program. Some pitch their active management services that supposedly beat the indexes, particularly through times of contraction and volatility. Others like PC pitch dedicated CFP and tax advisor access. + +Do any of you use wealth management services? I’ve felt most comfortable following the JL Collins / Bogleheads approach to investing (VTI and forget it) until now, but I also acknowledge we have some uniqueness in our situation (employer equity, tax inefficiency, a desire to finance more real estate) that might put us into a mode where those advisors and products might open up more opportunities to us. + +So, for those of you who turned this corner and decided to use a wealth manager, why did you choose to do it, and what has it unlocked for you? For those who haven’t, why have you stayed the course? +**Disclaimer:** I'm heavily simplifying a very complex topic for the sake of keeping this post brief. + +Folks, close your trading app. Take a deep breath. Relax. This is not the apocalypse. This is not the armageddon. + +Before I get into what's happening, here is a bit of perspective: Even with yesterday's selloff, NASDAQ ended at 13,533. I can't see what the index is like pre-market, but QQQ is down 1.35% as I write this. So let's assume it opens 13,350. + +That's still 280 points higher than the post-January selloff (low of 13,070). That's also still 462 points higher than December 31st (we closed at 12,888). In %, that's 2.14% and 3.58% higher, respectively. + +Now I know that a lot of you are trading on highly volatile stocks (looking at you, CRSR and PLTR), so obviously they are hit much harder than NASDAQ. That's the nature of the beast. Volatile stocks = large swings, both up and down. Welcome to the flip side. I have some of those in my portfolio, and also some defensive and cyclical stocks. It sucks those volatile positions deep in the red. I know how you all feel. + +&#x200B; + +Now, what's happening? + +**Treasury yields are rising.** That's what's happening. There's obviously more to it (I.e.: vaccination seems to be going relatively well, Biden's stimulus, etc.), but that seems to be the catalyst. In fact, the 10-year yield rose to its highest level in the last year, at 1.37%. **That's a good thing:** Rising yields are a sign of economic recovery and increasing economic activity. It's a good thing. + +Why are yields rising if interest rates remain low? Because of one of the fundamentals of yields: As bond prices rise, everything else being equal, yields will drop. And the inverse is also true. As bond prices drop, yields will rise. And right now, bond prices are dropping. People are becoming more and more optimistic about the prospect of recovery, with Biden's stimulus and with the vaccination that is (once again, relatively) going well. So they are exiting "safe" investments with lower yields in favor of riskier investments with higher yields: junkier bonds, stock market and alternative investments. + +Wait, if rising yields are a sign of people exiting the bond markets to go towards the stock markets, why are prices dropping????? Great question, and my answer is twofold: (1) NASDAQ is not even in market correction territory, Chill. It closed roughly down 5% from all time highs yesterday. (2) Look at S&P500 and DIJA. DIJA is a winner in this, and S&P is barely phased. + +So back to my explanation, people are leaving bond markets for markets with higher potential returns, and the stock markets is one of them. Now, the reality is that rising yields are not always immediately good for markets, especially overheated markets like NASDAQ: This can spook a lot of investors and cause a selloff, which is essentially what's happening right now. This doesn't mean, however, that the apocalypse is upon us. Remember one of the reasons why the markets have skyrocketed so much in the last year: Actual interest rates, not yields, are near zero, and will remain near zero for the foreseeable future. This is crucial. New bond issuance will still have shit for yields, this isn't changing. + +&#x200B; + +**What should we do?** That's entirely up to you. I'm no financial advisor. I'm no expert. Take everything I say with a massive grain of salt. I'm no expert. But really, I'm barely doing anything. I'll be taking a page from Cathy's book: keeping a close eye on when this new craze slows down, sell some of my "safer, less impacted stocks" to raise cash and buy the ones that were hit hardest. + +&#x200B; + +**FEBRUARY 24th EDIT:** Currently happening live: Powell addresses the House Financial Committee, you can watch it [here](https://www.bnnbloomberg.ca/watch-live-powell-addresses-house-financial-committee-1.1490838)... pardon the Canadian website. Key word to calm inflation fears: Their inflation goal is an **average** of 2%. Given that inflation has been under 2% for a prolonged period of time now, I imagine this means they would be comfortable with higher inflation (above 2%) for a prolonged period. This is good +I know mods don't like talk of alt-coins or eth-based coins in this subreddit, but it's got locked liquidity and built-in whale dumping benefits - as in ALL holders get 1% when anybody dumps it. + + +I've gotten 8 million more HOGE in the past 60 hours from my initial buy. And we're sitting near another ATH right now. Once it gets listed on Blockfolio that is going to double the ATH, and CoinGecko will double that. + +Get in early, still less than 1000 holders. This will be a repeat of MCDC, SHIB, etc - as in it will moon - but long-term it may pull a DOGE eventually but since it's decentralized it will actually scale and will be wrapped ETH unlike DOGE. Get in now before you FOMO in next week. + +EDIT FOR ANTI-FUDLERS: + +HOGE website: https://hoge.finance + +You can view the HOGE transactions here: https://etherscan.io/token/0xfad45e47083e4607302aa43c65fb3106f1cd7607?a=0x7fd1de95fc975fbbd8be260525758549ec477960 + +and you can see here the amount that was burned three days ago to lock the liquidity: https://etherscan.io/token/0xfad45e47083e4607302aa43c65fb3106f1cd7607?a=0x000000000000000000000000000000000000dead + +Confirmed liquidity lock here: https://unicrypt.network/pair/0x7fd1de95fc975fbbd8be260525758549ec477960 + +Track the price going up here: https://www.dextools.io/app/uniswap/pair-explorer/0x7fd1de95fc975fbbd8be260525758549ec477960 + +TO BUY: click Trade on DexTools or go to UNIswap (https://app.uniswap.org/#/swap?inputCurrency=0xfad45e47083e4607302aa43c65fb3106f1cd7607) (i'm linking the HOGE/ETH pairswap) - link your Coinbase or MetaMask, and swap ETH for HOGE. Increase "Slippage" to 2.5% or 5% to account for price fluctuations while buying. When you're ready to get out, swap back to ETH. Prepare to pay some gas fees, as ETH is pumping right now thanks to Elon. You can time gas fees here: https://etherscan.io/gastracker + +TO SEE USD VALUE: On Uniswap, change pair to USDT in place of ETH. There you can see the value of your HOGE in USD (Well, Tether, but it's 1:1) and remember to keep hitting the MAX button on Uniswap every few minutes to add your 1% gains from people selling. +PLEASE REFER TO UPDATES. UPDATED SITUATION TITLE IS NO LONGER ACCURATE. + + +IT TURNS OUT I AM AN AUTHORIZED USER IN REGARDS TO HER BAD CREDIT. I OWE A LOT LESS THAN 30K NOW IF I AM REMOVED. + +I'm sorry if this is a bit long or unclear, this is my first time posting here and I'm not sure where else to go or what to do. + +I am a 22 year old national guard soldier trying to get back into the local university. I just got back from years of training and am trying to I'm to readjust to being a civilian again. I am working part time in addition to regular monthly drills and don't make a lot. I also don't spend a lot and have been putting most of what I make into savings. Filing taxes was fairly easy and turbotax allowed me to check my credit score as I had filed with them. + +I haven't really tackled credit whatsoever before this as I had been an incredibly impulsive person before the military and worried that I'd go out of control with credit. So I didn't touch it and instead developed a healthy habit of saving and budgeting before even considering getting a credit card. I know I was stupid to not regularly check it earlier, but I thought the second best time was to do it now. + +Turns out my credit score is dismally low as there is more than 30,000 dollars of debt in my name which is more than triple of what I have saved up over years. My mother has opened three accounts in my name and while she has been making the minimal payments on time, she's racked up a tremendous amount of debt. Some of the cards were opened as early as when as I was 2 years old. + +I have documentation of everything that has happened, with each page of account information saved as PDFs. + +I have spent the past couple of days trying to not panic, I've confronted my parents and am currently looking for cheap apartments so I don't have to live with them anymore. However, I don't know what to do beyond that, really. 30K of debt is enormous and I don't even make that in a year. I don't even know how to BEGIN tackling this. I just know that I'm heartbroken and I feel absolutely betrayed. I never thought my own mother would steal my identity. + +Should I put off college and try to pay it off by working more jobs? Should I stay living with my parents to save on rent? What should I do to tackle this debt and fix up my financial situation so I can move on with my life? I don't want to be my parent's piggy bank anymore. + +UPDATE: Equifax has me quoted at 481. When I opened CreditKarma it asked about a possible home mortgage made in January 2016 that I do not see in my report. I do not have a mortgage. I hope this is a mistake and that there was no mortgage made in my name. The cards that are there have me as an authorized user, thank god. There are still 5.5k in loans, however, and the fact that my mother wants me to pay the student loan that is in her name. Her listing me as an authorized user, however, may still lose me my clearance and thus my job in the military. I will be speaking to NCOs tomorrow regarding what to do next and the status of my clearance. In regards to the years of training (i lost track of your comment I am sorry), I had to learn a new language in addition to AIT. This took two years. + +UPDATE 2: The mortgage thing has been explained. Thank you. I am an authorized user on the two accounts but have never been given a card nor been informed of the existence of these accounts. I have simply been associated with her rotten credit it would seem. I do not know why I am listed as an authorized user as I have signed nothing and have never touched credit in my life until checking my credit a few days ago. I doubt this is reportable to the police, and will be talking to the financial and legal support provided by the military tomorrow. Thank you all for your advice! + +UPDATE 3: A lot of people questioning my military service. Understandable as my situation is strange. I am an E4 35P who has recently got out of TRADOC. AIT for 35P is one of the longest in the army, as it is language dependent and I was required to become fluent in a foreign language. My language course at DLI took a year and a half, and due to financial and familial issues stemming from what I'm detailing right now, I was recycled a few months in and had to start over. It ended up lasting 2 years for me. I have been with my guard unit for two monthly drills now and am still relearning how to be a civilian again. Trying to figure out my credit and how to become independent is also a part of that, and why I made this post. Thank you all again for your replies and advice. I will do my best to read all of your comments and give updates as I deal with this issue. +Hello world 👋 +Well....now I'm sick, lying in bed 🙄 +I'll try to update you, my head is killing me though 😅 + +Current price "45 minutes in: 159.41 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. + +Why are your numbers different from the ones I'm seeing online? +- +My banking app shows me the best price that I can sell for right now...it compares Frankfurt, Munich, Stuttgart, Berlin, Düsseldorf, Hamburg, Xetra and "Direkthandel" (meaning "direct exchange"). +That's why my movement may differ from your sources online. + +I don't trust those germans, look at what they did in the 20th century...can I get another source? +- +Sure, you can take a look here...just remember to convert from € to $! +https://www.ls-tc.de/de/aktie/gamestop-aktie + +Can you post the volume too? +- +I can't see the volume on my banking app but you can find it online or probably in my comments, since some friendly apes talk about it often. +But remember how low the volume is in the US pre-Market and we're talking pre US pre-market here so I think that the volume doesen't reeeeally matter this early into the trading day. + +Why are you doing this every day, what's the point of posting these numbers, since the volume is nothing compared to the one in the US? +- +I think that it's less about the numbers, it's to show that every minute of every day, there is an ape who's holding GME. +Look through the comments, there are people from all around the world just wishing each other a good morning, how awesome is that? +I think that this feeling of camaraderie is crucial, it's good to know that I'm not the only one liking this stock. +I'm holding since november and I will continue to hold for my brothers and sisters. +We are not a union, we are all individuals who like the stock, but we're still family! + +Starting:                  159.47 US-$ + +5 minutes in: 159.47 US-$ + +10 minutes in: 159.59 US-$ + +15 minutes in: 159.65 US-$ + +20 minutes in: 159.65 US-$ + +45 minutes in: 159.41 US-$ +I'm looking into buying a watch that costs around 3.5k and I have the option of buying it with a 10% deposit and financing the rest at 0% APR for up to 4 years. + + +Taking into consideration that I can pay for it in cash and that I don't have any other debt besides my mortgage, it seems like it would be silly not to do it, since even if I keep the money in a savings account earning nothing, it would be better to have access to that money in case of an emergency. Without even taking into consideration inflation and possible earnings if I invested it instead. + + +Am I missing something? +# 🟣 $GME shares Direct Registered at Computershare Update! -- As of April 30: 12.7 MILLION! SPLIT-ADJUSTED = 50.8 MILLION!🟣 + +https://preview.redd.it/lkgdy29u6bf91.png?width=636&format=png&auto=webp&s=94ddb059d4b6292b5ba386cc34fa1f4b4b946b83 + +**NEW HERE?** Are you wondering what DRS is? Do you want to know how and why people are Direct Registering their shares? **Please ask away in the comments! Try to search the comments first to see if your question has been answered. ✨NO KARMA RESTRICTIONS IN THIS THREAD!!✨** + +[July Megathread](https://www.reddit.com/r/Superstonk/comments/vp01of/drscomputershare_megathread_072022/?utm_source=share&utm_medium=web2x&context=3) + +[June Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/) + +[May Megathread](https://www.reddit.com/r/Superstonk/comments/ugnqsg/drscomputershare_megathread_052022/?utm_source=share&utm_medium=web2x&context=3) + +[April Megathread](https://www.reddit.com/r/Superstonk/comments/tdxn3w/computershare_megathread/?utm_source=share&utm_medium=web2x&context=3) + +**HAVE YOU GONE THROUGH THE PROCESS OR RESEARCHED IT?** We have some helpful people already willing to answer questions. If you want to be one of them too, hop in and help where you can. We appreciate every last one of you. This thread will sort by new, to make it easier to find unanswered questions. + +**WANT TO FIGURE IT OUT ON YOUR OWN?** [our comprehensive Computershare Guide](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) + +[LIST OF CUSTODIANS - for IRA shares](https://innovativewealth.com/wealth-management/research/self-directed-ira-industry/the-ultimate-list-of-self-directed-ira-custodians-and-administrators/) + +[IRA Guide](https://www.reddit.com/r/Superstonk/comments/whb8zj/drs_ira_shares_to_computershare_visual_guide_no/?utm_source=share&utm_medium=web2x&context=3) \-- involves moving shares to a custodian, please research the risks involved with various [custodians](https://www.abc.net.au/news/2021-03-05/share-custodians-holding-your-stocks-explainer/13177716) + +[another IRA Guide, this time using an LLC](https://www.reddit.com/r/Superstonk/comments/tc3n8g/how_to_drs_your_ira_shares_the_god_mode_cheat/?utm_source=share&utm_medium=web2x&context=3) + +[DTCC explaining DRS](https://www.dtcc.com/settlement-and-asset-services/securities-processing/direct-registration-system) + +When you buy through a broker-dealer, they will be in the "street name" aka they're registered with your broker-dealer. + +What can they do with street name shares but not with direct registered shares? LEND THEM OUT TO SHORT SELLERS! + +From DTCC - REDUCES RISK ASSOCIATED WITH PHYSICAL SECURITIES PROCESSING, INCLUDING TURNAROUND DELAYS, MAIL LOSSES AND RISKS ASSOCIATED WITH STOLEN, FORGED OR COUNTERFEIT SECURITIES\* + +link to Computershare's chart that shows that direct registered shares are removed from Cede & Co. / DTC: [https://www.computershare.com/PublishingImages/company-share-structure.jpg](https://www.computershare.com/PublishingImages/company-share-structure.jpg) + +link to Computershare's FAQ page that also has that chart: [https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies](https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies) + +FAQs + +**Do you want to post your DRS position but don't have enough karma?** Post in [r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/) to feed the bot, there's no karma requirements there. + +**How to transfer from Fidelity?** You can call or use the chat online and tell them you want to DRS your shares. They will send your shares over to Computershare for you. Once that happens, Computershare will send you a letter in the mail with your 'customer code' so you can set up an online CS account. + +If you don't want to wait for the code, you may be able to verify your ID online - After your shares no longer appear in Fidelity you can simply go to CS and register for your account with your SSN, Zip code, and the name of Gamestop. They will ask a couple verification questions and then you will have an account. If this doesn't work the same day the shares disappear, then check back in a day or two. + +**Can I buy/open an account through Computershare?** Yes. You have to create an account by adding your bank account info, then they send you a letter with your customer code. You use the code to create an online account. Once you have an online account you can create a purchase order. The money will take 3 days to settle, then they buy however many shares they can get with the amount of money you deposited. The shares take T + 2 days to settle. + +If you're outside the US you can use [Wise.com](https://wise.com/) and set up a bank account there, same process. [https://www.drsgme.org/buy-direct-registered-shares-from-computershare-outside-the-us](https://www.drsgme.org/buy-direct-registered-shares-from-computershare-outside-the-us) + +[YOU CAN USE GIVEASHARE IF OUTSIDE USA](https://www.reddit.com/r/Superstonk/comments/umu6nq/european_revolute_ape_here_just_drsed_all_my/) + +How to sell? You may request that Computershare sell all or a portion of your shares online at [www.computershare.com](http://www.computershare.com/). If you want to set the price you're comfortable with, a good-til-cancelled (GTC) limit order is your friend. If the stock reaches the price you set or higher, it will automatically sell for you. + +**Transfer Request forms** + +[TDAmeritrade](https://www.tdameritrade.com/content/dam/tda/retail/marketing/en/pdf/TDA371.pdf) + +[DriveWealth](http://pages.drivewealth.com/rs/124-INJ-520/images/Outgoing%20DRS%20Transfer%20Form%20V5.pdf) + +[E\*Trade](https://us.etrade.com/e/t/estation/ESReqCert) + +[Wealth Simple](https://help.wealthsimple.com/hc/en-ca/articles/4408382062107-Register-your-shares-with-a-transfer-agent-via-DRS) + +[Chat with Fidelity](https://www.fidelity.com/customer-service/contact-us) + +**Guides for various brokers** + +[IRA using Mainstar (do your own DD on various custodians)](https://www.reddit.com/r/Superstonk/comments/whb8zj/drs_ira_shares_to_computershare_visual_guide_no/?utm_source=share&utm_medium=web2x&context=3) + +[SCREENSHOT of my Fidelity Chat from 03/30/22](https://imgur.com/X3NpAQH) + +[Degiro to IBKR](https://www.reddit.com/r/Superstonk/comments/ra4mp3/degiro_to_ibkr_transfer_effective_in_4_days/) + +[Danish/English guide to transfer to and from IBKR](https://www.reddit.com/r/Superstonk/comments/u1k6n8/we_need_translations_to_get_people_outside_the_us/?utm_source=share&utm_medium=web2x&context=3) + +Guide for [CANADA](https://www.reddit.com/r/GMECanada/comments/qpwjvx/new_canadapes_read_here_first_before_posting/) + +**How to DRS from Vanguard** + +Call the Vanguard Outbound DRS Transfer agent at: 855-730-0325 + +Provide them with your brokerage account details, your Social Security Number (they no longer rely on you providing your Computershare account number anymore), and how many shares you would like to transfer to Computershare. + +Total call time was 8 minutes. They said it will take 5-7 business days to arrive in Computershare. + +**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 I will manually approve it for you💜! + +To reduce clutter I will remove off-topic comments. + +[GME plan details](https://cda.computershare.com/Content/7e2c2c4c-aeb6-4614-83a3-b67e32756a78) + +To search Superstonk posts for brokers, guides, anything using the platform [u/Elegant-Remote6667](https://www.reddit.com/u/Elegant-Remote6667/) made [click here](https://app.powerbi.com/view?r=eyJrIjoiMDljZTA3NGUtMjJiYS00YjQwLTk5MTktM2VlNWQ5ODViYjM5IiwidCI6IjI4YzVlNGJkLTVkNmMtNGI1OS1hMGU5LTBhMjQ0Mzk4OTNiZSJ9) +Apecoin reached $2Billion market cap in a single day with no utility or use case. It's price is inflated as fuck. All the people who invested in that shitcoin know this. But they still invested in it because of the hype and the gambler instinct. + +Everyone knows that project gonna dump hard and it's not in the far future.. + +You might as well consider that recent dump as a warning before the actual storm starts. + +Holding bags of a shitcoin called Ape is not a good image at all. You don't want to be called as a ApeCoin bags hodler. + +Stay safe. +I realise people invest for various reasons but for me personally I would love to be able to retire as early as possible using my investments. + +I've always been frugal (some would probably call me cheap) because I hate wasting money. I don't need a luxury lifestyle, I wouldn't need to take two vacations a year, no dining out every month, limiting my shopping etc. + +I live in the UK in an extremely average area in terms of housing and food costs. I was thinking a goal of £1500 a month would be enough to live comfortably for a single man. God knows what inflation will be like in 20 years but I still need to have a goal. + +I'm 19 now and will be making about £2 per month from dividends so I'm still very far off. This is partly because I've put most of my money into growth (like AAPL, MSFT) rather than high dividend %. But with 15 to 20 years of investing I think that's a very achievable goal. Is there anything I'm missing here? I'd love to hear from those of you who are aiming or have already achieved retirement, is it worth it? +>Chipotle Mexican Grill plans to retrain all of its restaurant workers nationwide on food safety after nearly 650 customers became ill [after eating recently at one of its Ohio restaurants](https://www.usatoday.com/story/money/2018/07/31/chipotle-closes-ohio-restaurant/869779002/). +> +>The company confirmed Thursday to USA TODAY that it would launch the training next week after the episode in Powell, Ohio. +> +>“[Chipotle](https://www.usatoday.com/story/money/2018/06/27/chipotle-close-55-65-stores-year/740245002/) has a zero-tolerance policy for any violations of our stringent food safety standards and we are committed to doing all we can to ensure it does not happen again," CEO Brian Niccol said in a statement. "Once we identified this incident, we acted quickly to close the Powell restaurant and implemented our food safety response protocols that include total replacement of all food inventory and complete cleaning and sanitization of the restaurant." + +[USA Today](https://www.usatoday.com/story/money/2018/08/16/chipotle-mexican-grill-food-safety-retraining/1008398002/) +Hi, I'm a noob researching on different investment methods and when should one be chosen. + +I have taken figures as accurate as possible and estimated some because I was lazy. I pay 5500/mth to EPF and I have the taken the same value for calculation of VPF and compared it against mutual funds at same 8.5% year and also 10% year. I have estimated monthly return rate as yearly/12, I know this calculation will inflate the value a bit, but I have chosen it for simplicity. + +&#x200B; + +These are the values I found, for the entire table, please find the link [here](https://docs.google.com/spreadsheets/d/1YrbwoizC1jA4bvnnj1W1N4WCT8A1BM6p-_B1eQW4zqw/edit?usp=sharing). + +The method of calculation is as specified by EPF on calculation of interest, sum of past 12 months balance \* interest rate/1200. + + For mutual funds it is present month invest + (previous month balance \* interest rate/100) + previous month balance. + +&#x200B; + +Results: + +After 5 years, + +**Final amount in VPF at 8.5% annually = Rs. 4,09,080.3332** + +**Final amount in MF at 8.5% annually= Rs. 4,09,390.5702** + +**Final amount in MF at 10% annually = Rs. 4,25,858.8756** + +&#x200B; + +Assuming I take the entire corpus out after 5 years, I will have to pay capital gains on the MF investments but not on VPF, and add to it tax savings. Is it feasible for this scenario, for short term goals (\~ 5 years) is it better investing in VPF? + +This is after 5 years, if I keep the same amount for 25 years, the differences will be much larger, what about then? + +I'm not exactly sure about capital gains and tax benefits, so haven't included that in the calculation, any help in that matter is appreciated. +So the time of year has come for planning tax saving. Up until now, I was only doing in PPF but for FY2021-22 am thinking for doing ELSS. I have about Rs.70,000 remaining to invest after deducting the employer EPF from 150,000 80C limit. + +While doing some research online for this, I got to know about Canara Robeco Equity Tax Saver which is quite popular and have good returns. I am thinking of putting a major chunk in this fund, but rather than putting it in only one, also thinking of a diversifying a bit. Therefore, want to know what would be the balanced allocation to ELSS funds for that 70k ? + +Thank you. +https://economictimes.indiatimes.com/industry/cons-products/fmcg/worst-fmcg-show-likely-in-15-years-credit-suisse/articleshow/71193810.cms + +> We expect 2Q and 3Q FY20 to see a further slowdown in revenue growth of our coverage universe to about 5%. This will make FY20 the slowest year of growth for FMCG in 15 years. The last period of such low growth was 2000-03.” + +> Our recent interactions with Hindustan Unilever’s management indicate further moderation in growth across consumption categories. Rural remains under stress and category growth rates are now trailing urban consumption. The macro environment remains tough and recent measures such as budget and rainfalls will take time to show up +They would likely get an FHA loan, so it'd be cheaper to gift them the 3.5% than sell through a realtor. They've lived there for awhile so I was thinking could do it through a rent rebate or maybe a rent to own situation? Does anyone have any thoughts or is this dead in the water? + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Who has used/read/been amazed at the sheer amount of info from the 80s-90s video game era? Where every single step, item, conversation, outcome, and character info was recorded by hand using just a simple word document (or text edit). + +These are the type of people who are willing and able to go through shit piles of documents, typically never read or used. But now, it's researched, posted, shared, edited, and researched again with another batch of info. This entire sub is a massive research project. + + There's a reason hedge funds will attempt to redact or hide info from public disclosures here on out. + +Hedge funds are going to continue to manipulate the market illegally, because they know they will lose it all, so they will take down as many organizations with them as possible, all while blaming retailers. The squeeze will be pushed as far back as possible, until barely anyone expects it. + +What they'll never understand is that the vast majority of retailer investors aren't having their lives affected day to day with investing, because we already figured out how to live pay check to pay check, thanks to billionaires anyway. +I wrote an algo that's giving almost 2835166% compounded return on last 5 years data of BTC. Sounds unrealistic cuz it kind of is, I mean this algo isn't scalable. So if we use millions of dollars for each positions. It won't work. But still... + +&#x200B; + +&#x200B; + +The results are like these... + +&#x200B; + +The win rate is : 61% + +Average profit: 0.51% + +Average loss: -0.65 % + +Max profit: 22.50% + +Max loss: -9.36% + +&#x200B; + +Total trades : 16436 + +&#x200B; + +Slope : + +&#x200B; + +[Graph](https://preview.redd.it/0e356ixczq691.png?width=372&format=png&auto=webp&s=5b2565d59c1465dab2552a734d386fea1db0731f) + +&#x200B; + +Fee used when calculating profit : 0.10% + +&#x200B; + +All entry or exit signals are based on previous candle close price So no calculation is made based on future data. + +&#x200B; + +Non compounded returns, + +&#x200B; + +Here are the stats when using 100$ for each trade without any kind of compounding... + +&#x200B; + +&#x200B; + +https://preview.redd.it/9znbej7m0r691.png?width=381&format=png&auto=webp&s=c2761bab4cd89671b199160caab4518ee718a9c7 + +&#x200B; + +Return is 1084%. + +&#x200B; + +As you can guess almost all other stats are same. + +&#x200B; + +It's not perfect. It only works best on crypto markets. Working kinda decent on last 60 days data of a lot of stocks like TSLA or SPY. But giving almost 30% loss on forex market. And tested it on sp500 futures data of last 5 years. It underperformed by a lot compared to buy and hold. + +&#x200B; + +So I'm thinking about using it on real crypto with some real money. + +&#x200B; + +I tried reviewing the code so many times but still can't find anything that can make the result misleading or wrong. Can you let me know any other factors that can make it perform different on the live market compared to the backtest... + +&#x200B; + +I already took fee into calculation. So the only thing I can think about is 1-2 sec delay in executing the order. Any suggestions? +So I’m enforcing my dividend portfolio to end the year with a solid portfolio that I can slowly build upon. Deciding to add 6K towards this. Currently I have the following (stock:#ofshares): + +MAIN - 5 +O - 10 +SPHD - 15 +SPY - 10 (not really dividends but for long term play) + +Haven’t focused much on building dividends out. But I thought I’d start now. Would like this portfolio to maybe a mix of dividends/etfs for long term play (20+ years) + +Thoughts on mixing both etfs and dividends into 1 portfolio and the top 5 stocks you’d want to add within the dividend portfolio. + +Cheers and happy holidays! + +Edit - thanks everyone for commenting their thoughts love this community an support! +Winners Split the Pool of Donuts for the correct answer. Here's how you can participate. + +How it works: + +* Go to the Reddit Redesign +* To participate, send the amount of donuts you wish to use in the contest to /u/CommunityFund_ethtrd +* The poll will be open for two days. This is to prevent people from waiting until the last minute to enter the contest. +* The people who select the winning answer will receive the donuts they sent to the Community Fund back. +* The losers will not get their donuts back. +* The winners will also split the donuts from the losing options proportional to the amount they originally sent. +* Price Will be to the nearest dollar on Coinbase Pro at the close of the 1 minute candle at Noon PST. Winners will be notified shortly after. + +Hope you enjoy the contest! /u/internetmallcop (Reddit Admin) will be available to answer questions. + +This is the first contest mode poll we've created and we hope to have as many people participate as possible in order to flush out the system, provide feedback, and demonstrate the possibilities of how fun contest mode polls can be. The more we learn from this, the more features we hope to incorporate down the road in future contests. + +&#x200B; + +[View Poll](https://www.reddit.com/poll/9r3hks) +I do not have much knowledge in investing and am still learning but I often see people saying that XEQT us a safe long term investment around this subreddit. Why is this? What separates this from other ETFs. Sorry if this is a very basic question but there are so much terminology and jargon that it is quite difficult for me to understand even the basics +*Disclaimer: Any commentary is provided for general informational purposes only and does not constitute financial, investment, tax, legal or accounting advice nor does it constitute an offer or solicitation to buy or sell any securities referred to. For proper financial advice, seek professional guidance from an accredited and registered professional outside of Reddit.* + +If you are new to r/ETFs, please familiarize yourself with the rules listed in the sidebar. + +**Ask other Reddit users to rate your ETF portfolio!** +For someone who's been regularly visiting this sub for around 6 months, I've noticed that regular contributors often just disappear. Users who consistently posted daily/weekly trade recaps just stop posting one day without any notice. I'd like to think that they have become so successful that they just can't be bothered to post anymore, but the more likely flipside is that they blew up or just gave up altogether. To add to that, we get so many new aspiring traders each day that join, share some early success, only to be never seen again starting the cycle all over. + +Not really sure why I'm posting this, but this just goes to show me the harsh realities of daytrading. It is a fkin difficult profession to succeed in and the odds are quite stacked against us no matter how much passion we have/work we put in. I don't want to randomly throw in that infamous 90% of daytraders fail (as it's controversial as to what constitutes one to be a daytrader), but no one can deny that majority of daytraders do fail and that the turnover of members of this sub is just something that shows that. + +For me personally, I've been at this for \~7 months (3 months learning/paper trading & 4 months live trading). I'm giving myself at least a year to prove I can be consistently profitable, but in the grand scheme of things, I am literally still an infant in this game. Who knows - I just might be another person who disappears eventually if I can't show concrete progress in that 1 year time span. + +Just something that was on my mind. Curious to see how long people have been following this subreddit / daytrading. Feel free to post where you fall in this journey whether you're a still a complete noob or a consistently profitable veteran. +The Small Business Administration said Thursday it is out of money for firms that are seeking loans from a key program to cover expenses during the coronavirus pandemic. "The SBA is currently unable to accept new applications for the Paycheck Protection Program based on available appropriations funding," the agency said. "Similarly, we are unable to enroll new PPP lenders at this time," the SBA said. The statement comes as lawmakers on Capitol Hill are wrangling over replenishing the program. + +From: https://on.mktw.net/3a99oJK +For my background / bona fides, I'm married; in my mid-40's; no kids; total investments (combination of stock and passive real estate) currently are around $6.25M, with an additional $500k in the equity of our current principal residence; and live and work in a major US HCOL city. + +My wife and I are currently considering retiring in a city Europe potentially for a long term, depending on how we enjoy living there versus the US. We're looking to rent rather than buy a residence, and are balancing tax rates, cost-of-living (including medical care), ease of access to other places in Europe for vacations / sightseeing, and access to amenities (including museums, historical sites, dining, and live plays / music). Also, more idiosyncratically, I'm a fairly serious weightlifter and want access to a large, well-equipped, modern gym focusing on weightlifting. + +Two places we've been looking at are (1) Lisbon or its suburb Cascais, a fairly common retirement spot, or (2) Prague, a bit more unusual but seemingly more modern in certain ways, and also centrally located for travelling around Europe. We've run Google searches, read about Portugal's Golden Visa program, watched the Youtube pro's and con's videos, and so forth. + +Having done that, we wanted to see if anyone else here had retired in these areas, or also was seriously considering retiring there, particularly if they were US citizens. We'd be interested in your own ideas on pro's, con's, surprises, things to watch out for, etc (and the name of any good, large weightlifting gyms!). Also interested in hearing of any similar cities in Europe we should be looking at. Thanks in advance, and best of luck to everyone in achieving your goals! +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +https://finance.yahoo.com/news/netflix-could-lose-four-million-121913655.html + +(Reuters) - Needham and Co was the fourth Wall Street brokerage in two months to cut its rating for Netflix Inc <NFLX.O> on Tuesday, arguing competition from new streaming services could lead to the loss of 4 million premium U.S. subscribers next year. + +Needham analyst Laura Martin, who downgraded the California-based tech giant to "underperform", believes Netflix will have to add a lower priced service to compete with competitors including Apple Inc's <AAPL.O> Apple TV+ service and Walt Disney Co's <DIS.N> Disney+. +Hello, I'm 33 years old and I had been blindly maxing my 401k for about 6 years in my late 20s, but now I'm finally looking at the details of my financial future and trying to make plans and have a better understanding of how I'm doing. + +The question I have is, I look at my retirement savings and do some compounding interest calculations to see where I'll be in 30 years and I'm happy with how things look with doing minimal contributions from now on. However is my confidence misplaced? My concern is, is my initial investment (the amount I've been saving over the past 8 years) overstated due to the 10 year bull run. I don't know what the future holds, but say next year stocks drop 30%. If I run the same calculation with the new lower initial investment, my 30 year savings estimate is about 700k lower. + +What do you use as your initial investment if you do those calculations? Do you even do these calculations or make any financial decisions based on these calculations? +Hi guys, + +I have been looking into Stake and comparing the fees with a traditional broker such as Commsec. I thought the following analysis might be helpful for those looking to open an account as it can be hard to compare the various fees for different platforms. + +I picked Commsec just as an example so I do not know how it would compare to other brokers who may be cheaper than Commsec. + +**Stake fees** + +The main thing to know about Stake is whilst they offer free brokerage, they charge you a fee for transferring AUD to USD which is currently US70c/A$100 FX fee. After converting the US70c to AUD, it is about a 1% fee on the way in. + +This fee also applies on the way out i.e. transferring from USD to AUD when you sell i.e. 1% on the way out. i.e. it is 1% of transaction value. + +There is an option to transfer in directly USD to USD which can lower the cost which I will talk about further below. + +On the way out, you cannot transfer from USD to USD due to AML reasons and you must convert to AUD. + +The way to think about this fee is it is an FX spread and is essentially how Stake makes money (as do all other financial institutions that charge you for the privilege of exchanging currencies). + +Stake will quote you the prevailing AUD/USD rate e.g. 0.7291 (at the time of writing) and then add on the US0.70c / A$100 fee. + +This is the same as embedding the fee into the FX rate itself and quoting an FX rate of 0.7221. The difference in the two rates i.e. 0.70% is what is referred to as the FX spread. From what I understand, 0.70% is a very competitive spread. + +**Commsec** + +As a comparison, Commsec charges US$19.95 per trade < US$5,000, which increases to US$29.95 >US$5,000 and then 0.31% for trades >US$10,000. + +However, going back to the concept of the FX spread, Commsec's current AUD/USD rate on transfer is 0.6911. This is a far lower rate and well below the spot rate. Compared to Stake, you are 0.38% worse off. To put this into numbers, if you convert A$5,000, on FX spread alone you are $190 behind with Commsec. + +**Analysis** + +The benefit of Commsec's fee structure however is if you intend to trade larger parcels as the flat rate applies (up to US$10,000). + +As an example, a A$4,500 trade to buy 1 share of AMZN (US$3,294) would cost (fees are all calculated in USD): + +Stake entry fee - US$31.50 + +Commsec entry fee - US$19.95 + +It would appear cheaper to use Commsec in this scenario as the Stake fee operates as a percentage. Looking at just the cost to buy, the breakeven amount is about \~A$2,500 before it comes cheaper to opt for the Commsec flat fee. + +*However, we also need to consider the costs to trade out of our stock one day.* + +If we assume no growth, then you would simply just double those fees. Total fees for Stake would be US$63. For Commsec it would be US$39.90. + +At this point, the Commsec structure still makes more sense. + +If we assume a longer time frame, assuming 10% p.a. growth compounded over 20 years, our one AMZN share will be worth A$30,273 (happy days!). + +Adjusting the exit fees in this scenario results in the following: + +Stake exit fee - US$212 + +Commsec exit fee - US$65 + +The % based 'fee' for Stake starts to look like it really hurts compared to Commsec, which applies a % fee at this point given the trade will be >$10,000, but at a lower rate (0.31% vs 1%). + +Based on the above, the Stake pricing model does not on face value appears to make sense, unless you are a day trader or have limited capital and can't afford the minimum parcel size to make Commsec's flat rate more economic. + +*However, we cannot ignore the impact of the FX spread.* + +As i mentioned above, there is a significant differential in the rate quoted by Commsec vs Stake's rate which is quoted close to spot but includes the 'FX fee' as a separate line item. + +Converting initially from AUD to USD using Commsec would cost you an additional $171. + +Converting your astute investment with Commsec, which has now swelled to over $30,000, assuming the same rate differential will cost you a whopping $1,150 more than the spot rate quoted by Stake. + +*Bringing it all together...* + +Assuming our hypothetical scenario, total fees including the difference in FX rates are as follows: + +Stake - $US243 + +Commsec - $US1,406 (most of this is the FX impact, the actual transaction fees for Commsec are only US$85) + +The other way to think about the FX impact using Commsec would be that you would need more AUD to convert to the same USD to purchase the stock. + +Now, FX rates are always subject to change and this isn't to throw shade at Commsec necessarily. The arithmetic of the above can all change depending on the spread differential and it still stands that the flat rate structure of Commsec does theoretically make sense for larger trades. + +**What about USD to USD transfers?** + +As i mentioned above, Stake allows USD to USD transfers to deposit funds. This is great as you will not be charged the FX fee at all, but a flat rate US$5 transfer fee. + +I use Transferwise and it works well. Follow the instructions on the Stake website but it is straight forward and only involves a few additional steps. + +A service like Transferwise however will charge you fees (surprise surprise) to convert from AUD to USD. However, it is very competitive and ends up being cheaper than transferring funds to Stake's AU wallet for USD conversion. + +I plotted a quick graph below which shows the breakeven point of when it becomes cheaper to use Transferwise as it becomes harder to offset the flat US$5 fee charged by Stake at lower amounts. + +After A$1,500, it becomes cheaper to use Transferwise. Spot rates are very similar to Stake. + +[https://i.imgur.com/0nnOmWM.png](https://i.imgur.com/0nnOmWM.png) + +Assumes AUD/USD 0.72 for both Stake and Transferwise for comparison purposes. + +**Conclusion** + +Hope the above is helpful. It did take me a while to get my head around the fees which at first glance, didn't make sense compared to Commsec structure for a buy-and-hold long-term investor such as myself. Perhaps Stake felt it would have been better to be transparent with their FX fees and how they make money, especially for those skeptical about free brokerage models. In any case, i think it's great they are transparent and makes me feel good about wanting to support the company. I bet there are a lot of people using the big 4 bank platforms who have no idea they are not getting the most competitive FX rate in the market. + +Stake also offers fractional trades which are great if you want a piece of Bezos (pre the inevitable stock split) if you don't have enough pineapples. I'm not sure Commsec can do fractional shares - I could be wrong. If you are really keen, you can re-invest the your US dividends immediately to maximise that sweet sweet compounding given free brokerage. AFAIK you cannot participate in any DRP unfortunately with Stake. + +NB: The above analysis also ignores other small administration fees which I have not bothered to compare. + +Also I could be completely cooked and the above is wildly incorrect. As always. DYOR. +Hi friends, we are inheriting roughly 350k from the passing of my FIL. My husband hates his job and would like to move into real estate full time. + +We currently own a SFR with two guest houses in So Cal. The tenants pay all but $600 towards the mortgage for our 4 bedroom house. + +We have a cabin in the mountains that we bought to fix and rent out but because of a burst pipe we’ve had to start over on much of the work, delaying our plans. + +Now we find out that we will inherit a lump of money and would like to be able to transition to real estate investing full time. + +We have experience in rehabbing as all 4 houses have been fixers. Would you start with a flip to build up that amount? Would you purchase an income property? More rental cabins in the mountains if each one could net you 10k per year? + +I would love some advice on how to spend this money wisely to further our real estate / world domination goals. :) +Hi there, let's say there are 2 siblings who've inherited a rental property. It is already fully paid off, but requires repairs and there's a desire to upgrade its rental value by adding another bedroom & bath to it. + +One of the siblings has less financial capacity than the other to pay back a loan, but collectively both siblings can afford a loan large enough to accomplish the repairs & upgrades mentioned above, albeit disproportionately. + +Let's say one sibling can pay 33% of the monthly loan payments desired, and the other 64%. + +How would you assign equity to both siblings given that the property is already fully paid off, they've each inherited half, but the work they're doing will obviously add value as well, and they are making disproportionate contributions towards those upgrades? + +Thank you. + +Edit to add missing key info: parents are still alive and relying on the rental income. So that cash flow is unavailable for renovations. They have no incentive to renovate but the siblings do, so would have to pay for the Reno themselves. + +This arrangement was also made to avoid certain property tax complications down the road when the siblings inherit. We’re in CA so the property has been put into a trust by the parents but run by the siblings. This will avoid a reassessment of the property value (thus tax) when the siblings ultimately inherit. +Hi everyone, + +Recently I bought an investment property in Tennessee. Beautiful property with a great location, but the house is completely run down. + +I bought the house using a cash offer of 80k and am thinking about how I should finance the renovations. While thinking about it I heard I could do a cash out refinance. + +Trying to understand more about this and if it would be worth it? I have some money left in savings that I could use to rehab it, but if I didn't use it for that, I would use it for a down payment on another property. So trying to consider the opportunity cost vs what I'd pay in interest and fees for the refinance. + +Any thoughts/input would be greatly appreciated! +Im specifically looking at the wheel strat. + +40k$ gets me around 130k$ of margin and im thinking I might as well use it to my advantage. + +How much do you guys think I could safely make a month? Just a ballpark. + +And if there are any other strats you guys reccomend let me know +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +My landlord doesn’t live in the US (if that matters) and has requested that I pay rent via PayPal. The first time I made the payment, I labeled it as goods and services. Shortly after, I received an email from my landlord telling me to label it as personal. This didn’t sit right with me so I kept labeling it as a business transaction. Well, rent is due tomorrow and I just got an aggressive email about how rent needs to be labeled as personal and that PayPal wants “too much information” for a business transaction. I’m convinced this has to be a way to dodge taxes but I don’t know enough about PayPal and how the IRS keeps track of things like this. + +Today, I decided to just give in and label it as personal since I already have a somewhat rocky relationship with the landlord. Turns out when I do that, I now have to pay the fee. Nowhere in my lease agreement does it say that I have to pay these fees. Can my landlord make me pay these fees? + +Edit - this is a reoccurring question. My lease states that I pay rent by the first of the month through PayPal using the landlords email. There are no specifics beyond this. The request to label the transaction as personal came after I had moved in. There is also no mention of paying any fees that may occur. + +Edit - from what I’m aware, this person does own the property. At least, the name on the deed and the name on the email match, not that’s much to go off of. I have never met this person nor do they speak English. If I am getting scammed or someone hacked their account and is posing as them, I honestly wouldn’t know. We do have a property manager who has met this person but I don’t know much beyond that. +Once MSM and the rest of cronies acknowledge the interview the cats going to be out the bag. FTX has been sweeping headlines for the past week and what none other way to bring everyone to the place that's been detailing this fuckery from the start. GMEDD and Superstonk. He knows we won't twist his words and he also knows people have poured days of not years of their lives into truly having a DECENTRALIZED and fair market. + +What else happens this week? That's right! The time where friends and families get together in large groups more than any other holiday. Even the great Arnold Schwarzenegger says he isn't a made man because of the friends he made in the gym and what they did for him during thanksgiving. For those who don't know a quick recap, A group of his friends all brought food to his house and told stories on why they enjoyed having him and helping him when he had nothing. + +He literally started off the interview by saying he's been so busy with work he hasn't had time to play. Well I'm going to be playing that sweet GME shanty as I gather everyone around ye table and tell them the shorts never closed. +Background and discussion on the poll can be found here: + +[https://www.reddit.com/r/ethtrader/comments/b7z407/poll\_proposal\_seeking\_community\_input\_on\_using/](https://www.reddit.com/r/ethtrader/comments/b7z407/poll_proposal_seeking_community_input_on_using/) + +The general idea is to compensate the developers working on the [DAONUT project](https://www.reddit.com/r/ethtrader/comments/an5577/a_communityled_initiative_to_decentralize_donuts/), which is currently only /u/carlslarson but will hopefully include at least one additional developer, with the 300,000 donuts currently being allocated every week to the Community Fund. + +The hope is that the funding will help sustain and incentivize the work being done on the DAONUT, to help bring forward the date that /r/EthTrader becomes the first Reddit community to have natively integrated ERC20 donut tokens. + +\_\_\_\_\_ + +Apologies, I didn't set up the original poll, [found here](https://www.reddit.com/r/ethtrader/comments/b958mj/governance_poll_should_the_community_fund_donuts/), correctly for a governance poll. A poll has to be selected as a governance poll when being created to activate the decision threshold mechanism, and has to be set for 5 days (default is 1 day). + +If you voted in the previous poll, please vote here as well. Thanks and sorry again for the mix-up. + +[View Poll](https://www.reddit.com/poll/b9dy2h) +We are a 27 and 32 year old couple thinking about buying our first home. Doing so will increase our monthly expenses by $800-$1200 a month (mortgage vs rent payment, increased utilities, repairs, furnishings). Then, in a few years, we'd like to have children who will need daycare ($1200-$2000 a month in our area for a single child, depending on age). Thinking ahead, I don't think our current savings rate will be able to continue. Right now, we are on track to FIRE in our early 40s. These expenses will push it to our 50s. Even though I am certain we want children, and we want a house to raise children in, and I'm okay delaying FIRE by a decade for this life, I can't help but to feel a sense of failure that our savings rate will almost certainly decrease. Have other felt this? When are times you intentionally decreased your savings rate? +Made a <5k donation to my kid's school and received an appreciation dinner invite. Before I talk myself out of this, what are some of the benefits of attending? + +I can understand that for social cause/political events, you can meet like-minded people, which enables you to build more connections to further a cause. For a school, you know who the parents are. Showing up lets you know who donated and who didn't, which seems a bit awkward. Are people there solely to network with each other? Am I overthinking this? + +Thanks! +My partner and I (early 30s) are kind of at a crossroads where we're planning on how to save for the next 4-5 years. We live in a HCOL where median cost of home is $900k, and our target might be homes around $1.2-1.5m. + +We could reach $250-300k for that down payment over the next 4-5 years, but part of me wonders whether we should just plan to rent forever, invest in index funds, and if there's a good opportunity 5+ years down the line, we can buy a home then. + +At the same time, we do have a goal of retiring early, and we're not sure what path to take that will get us there. Or perhaps we could rent until early retirement, and settle down in a cheaper area. + +*Edit*: adding more context after some replies. Our 1br rent is definitely more affordable than what we'd plan to buy (2/3br townhome or condo). We've been doing a lot of reflecting about what we want ourselves, and we're seeking if anyone else had personal experiences with similar situations with rent vs. buy, where they may have settled on renting (when buying was also an option), or vice versa, and found that it was worth it for them (whether in a financial or emotional sense.) +Things really accelerated there and I hope we were able to prove that we can’t be brushed off. + +I won’t let this distract from what is important like DRS and supporting our fav company. + +In the end, it turns out I don’t want the smoke from Ken and his team. Maybe it was the drama with heypixel earlier that got me thinking this isn’t worth it. So I took it down after much thought. + +I’d love to talk to a legal team and get it rolling if it makes sense or pass it on to someone else with the balls to hold ownership and do it right. + +edit- Domain has a new owner now. The best part and silver lining here is that I've seen dozens more websites go online on the topic. Godspeed ya'll +TL;DR: The title. + +\-----------------------------------------------------------------------------------------------------------------------------------------------------DRS & Chill + +§0: Preface + +§1: DRS vs Options \[Slow and Steady Wins the Race\] + +§2: Staying Zen + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +**§0: Preface** + +After my prediction on RC's BBBY calls got invalidated, I figured I'd just go back to the basics on why, at the end of the day, all that really matters is [DRS](https://imgur.com/a/T7oZiH8) and chill. I'm actually personally against setting dates and things like that, but I was willing to make an exception in this case primarily because I genuinely believed RC's call options expiry were an indication of a MOASS soon (also, because it was less than a date and more of a timeline). I mean, MOASS can still very much happen this year; there's still the stock split dividend that international regulatory agencies are still reviewing to determine what course(s) of action to take to ensure their brokers received the proper additional shares in the form of a dividend (instead of an internalized split). There's other factors as well that indicate a potential MOASS this year, but that could be wrong as well, and if so, I'd have to pay up. + +https://reddit.com/link/wwjebh/video/spgwm2x1inj91/player + +Before I transition to talking about DRS, I wanted to briefly go over what I think happened with the BBBY situation. I was looking back at seeing where I went wrong with my prediction, and nothing was adding up. [RC tweeted in support of BBBY](https://twitter.com/ryancohen/status/1558101541453795329?s=20&t=E0biMuNsYK_9DGp4n5PvHA) only to sell his entire stake a few days later. None of it really makes sense...unless you look at it from a different perspective: + +1. If you look at [RC's letter to the BBBY Board](https://s.wsj.net/public/resources/documents/bbbletter030622.pdf), on page 3 we see that RC wanted BBBY to "evaluate a full sale to a well-capitalized acquirer". +2. After RC sold his entire stake, BBBY stated they were "[pleased to have reached a constructive agreement with RC Ventures in March & are committed to maximizing value for all shareholders.](https://www.webull.com/news/52523835)" +3. All 3 people RC had appointed to the BBBY Board specialize or have experience in mergers & acquisitions. +4. If you look at the [Cooperation Agreement](https://www.sec.gov/Archives/edgar/data/886158/000114036122011120/brhc10035704_ex10-1.htm) RC had with BBBY in March this year, on pages 6-7, you'll see that RC was restricted for proposing or offering any sort of merger or acquisition for 1 year, as long as he held his BBBY stake. Only way to make this contract void was to sell his entire stake. Now that he sold the stake, he'd be legally able to, or have any entity he's connected to, acquire/merge BBBY in the future. + +Remember that this is still a speculative theory, but now that I look at it from this perspective, it makes a lot of sense. RC is a good man—he's not some elitist asshole that rugpulled Apes for a few milly. None of that made sense, so I knew that there was definitely something going on behind the scenes of his decision, and this seems to be the most feasible explanation. When would a merger/acquisition happen? Not sure. Not really interested in making a DD about it (also, I've gotten a lot of heat for making DD about basket stocks in the past in SuperStonk, so I'd rather just leave that to other Apes😅). + +That being said, let us transition to a fun story! + +**§1: DRS vs Options \[Slow and Steady Wins the Race\]** + +https://preview.redd.it/8ybkd125inj91.png?width=1440&format=png&auto=webp&s=b3c303ae8e8f320a1a478562347db3c9d571b2cb + +https://preview.redd.it/3jwjrma6inj91.png?width=1440&format=png&auto=webp&s=162412f22c093830577b8afddc1c7c68bd04e6d3 + +https://preview.redd.it/898lvwu8inj91.png?width=1440&format=png&auto=webp&s=e527f36427952d20e5b25d1772b128e0976e340b + +https://preview.redd.it/o25hj9gainj91.png?width=1440&format=png&auto=webp&s=231ef95dfb31b237bee3b705b65b3ada36be5bd4 + +You might have heard in the past that options are what caused the Jan 2021 run up, or that it would take very little money to start MOASS if Apes played options, or even that options are the way. This isn't true at all. As a matter of fact, quite the opposite. + +Now, don't get me wrong, I used to play options all the time with other stocks (I've even met the family of the guy that won the Nobel prize for the Black-Scholes model), but GME is a completely different beast. Options aren't good here, neither for yourself nor MOASS. + +And contrary to popular belief, options didn't start the Jan 2021 run up. + +How do we know this? From the SEC Report on GME: + +"Another possible explanation could be a “gamma squeeze,” which occurs when market makers purchase a stock to hedge the risk associated with writing call options on that stock, in turn putting further upward pressure on the underlying stock price. **As noted above, though, staff did not find evidence of a gamma squeeze in GME during January 2021.** One of the main drivers of a gamma squeeze is an influx of call option purchases, which causes market makers to hedge their writing of the call options by purchasing the underlying stock, driving up the stock price in the process. While staff did find GME options trading volume from individual customers increased substantially, from only $58.5 million on January 21 to $563.4 million on January 22 until peaking at $2.4 billion on January 27, this increase in options trading volume was mostly driven by an increase in the buying of put, rather than call, options. Further, data show that market-makers were buying, rather than writing, call options. These observations by themselves are not consistent with a gamma squeeze,"-pg.29 of [GME SEC Report](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf). + +I've stated many times in my past DD, it was not a gamma squeeze or short squeeze that caused the 2021 run up (shorts didn't close). It was a massive amount of FOMO that overtook the algorithm and led to an uncontrollable run that SHFs only regained control of by having brokers shut off the buy button, and piling up on a boatload of short positions right before and during the shut down of the buy button. + +And the argument that'd it'd start MOASS is bad as well. There was that whole "we could start MOASS with only $100 million if we all buy call options that match the float". Firstly, no, SHFs see everything that goes on in these subs. They'd know it's a bluff and not hedge, because they'd know very well that nobody would have the money to actually exercise the calls. Secondly, nobody exercises the calls, lol. At least, very few people do, so the shit's not gonna get hedged. Lastly, they'll have some loophole to get out of it. If they know they're going bankrupt if they hedge the calls, they'll find another way around it, one way could be by having brokers deliver IOUs in case the calls get exercised. So, none of it matters. If anything, it'd probably get pushed by SHFs who'd buy tons of calls beforehand in the hopes that Apes also purchase the same calls and increase the premium, so that they can sell said calls and make bank. + +What about for yourself then? Why don't you just buy call options for yourself and make bigger gains during MOASS. Well, because, considering what we know, it's not the optimal decision, especially if you're risk averse. + +We can simulate possible scenarios and determine which would be better by getting the expected value (which is basically a predicted value for a decision). + +Here's my simulation and results: + +https://preview.redd.it/5j3bufxdinj91.png?width=1001&format=png&auto=webp&s=50f5b66394c3c3aa27f253438a7221dbfccf7445 + +Should note that this is just a general model, not meant to be precise or accurately take all variables into account of what will happen in the future. Also, this simulation is most accurate in real life when replayed countless times. Since MOASS will only happen once, it makes the options gamble even more risky than illustrated. + +Now, I was assuming ITM options or ATM options for this EV simulator. You would have to do an extremely OTM options play to raise the EV, but then you substantially increase the risk of losing not only any profits, but also losing your entire initial investment as well. Even if the expected value for options was 2x the expected value for DRS, would it be worth it to gamble your future for a 2x higher expected value when you would still obtain guaranteed, safe/secure generational wealth via DRS, which is also helpful to the community? + +According to an Option Expiration Report from the Chicago Mercantile Exchange, 76.5% of options expire worthless ([source—page 3 of the CME report](https://studylib.net/doc/7532259/cme-options-expiration-report)), so that's where I got my figure. + +I just assumed that 20% of brokers will go bankrupt amid MOASS, which I figured was a fairly modest estimate, considering the statistical data I've seen about what could happen to brokers during MOASS. + +For example: + +IBKR's probability of bankruptcy is [39%](https://www.macroaxis.com/invest/ratio/IBKR/Probability-Of-Bankruptcy) + +https://preview.redd.it/hb72xg1finj91.png?width=971&format=png&auto=webp&s=ef1c3ba68ff6e671364ec46c232d373dde0bf1d1 + +Charles Schwab's current probability of bankruptcy is [48%](https://www.macroaxis.com/invest/ratio/SCHW/Probability-Of-Bankruptcy) + +https://preview.redd.it/1v15i4gginj91.png?width=983&format=png&auto=webp&s=e3918b778ce64d2ce8e8bf4a18d32041544b216f + +E-Trade's probability of bankruptcy is [39%](https://www.macroaxis.com/invest/ratio/ETFC/Probability-Of-Bankruptcy) + +https://preview.redd.it/90norqmhinj91.png?width=957&format=png&auto=webp&s=98cc4af055ba7448bda7f2a350b0c77965079ba8 + +Just to name a few. These probabilities will be playing a very big role during MOASS. We saw how quickly Robinhood was gonna go bankrupt, and GME didn't even hit 4 figures yet, so you can imagine the "waves of bankruptcies" IBKR Chair Peterffy was talking about when MOASS comes. + +So, you really have to ask yourself if it's worth it. We're going to be getting generational wealth either way, so why gamble for a few extra nickels in the grand scheme of things...especially when the risk of losing it all is so much greater? The fact of the matter is that it's just not worth it. + +**§2: Staying Zen** + +I'm gonna be honest, and this will be a tough pill for many to swallow, but most of the shit being pushed as catalysts in the sub don't matter. FTDs aren't going to start MOASS. That shit will just keep getting can kicked (or SHFs will use loopholes around them). We never relied on MOASS starting because of FTDs anyways. + +TA is (for the most part) hot garbage. TA just predicts natural price movement, but nothing is natural about GME's price movement. It's all algorithmically controlled, so if you wanna analyze patterns, you can try to analyze the algorithmic patterns, but even then that can just get recalibrated. The only TA I can think of that's ok for GME is utilization (which isn't really TA, just an indicator), DMA/DMI (which is moreso algorithmic than TA), and possibly the Golden Cross (which would only indicate something possibly happening many months out, not immediately). Maybe there's a few other one's, but most TA, like the stuff about redrawing triangles and 'natural' patterns like inverted head & shoulders or bull flags is useless, and most certainly won't be responsible for MOASS happening. + +https://reddit.com/link/wwjebh/video/hx8vp2tminj91/player + +You really don't need to worry about TA or anything trying to indicate MOASS within a few weeks, because in all honesty nobody really knows. The short-term is variable. We have no idea what may or may not happen in the short-term. It's the long-term holders that are secure. When you Buy, Hold, & DRS, your ownership is perpetual and unabated. + +So, that's really it. DRS and chill. + +My [Burning Cash DD](https://www.reddit.com/r/Superstonk/comments/v0zrni/burning_cash/) and [Checkmate DD](https://www.reddit.com/r/Superstonk/comments/txnwhu/checkmate/) already explain very well the power of DRS. Every share DRS'ed is 1 more that SHFs can't use against us. + +As the float continues to get locked, it becomes progressively more difficult and costly to keep the price down, as we have seen with CTB rates and Citadel already burning through billion of dollars this past quarter. + +I doubt we'll ever get the entire float locked before MOASS starts, or even the free float for that matter. If the free float gets locked, every outstanding share will have been accounted for and de facto observable, including the institutional shares that are recorded on the SEC 13-F Form. But even if MOASS didn't happen before the free float gets locked, then full float can be targeted next. Not a big deal. But, by then the pressure will be too extreme for SHFs to continue this charade. It's my belief that the DOJ will intervene before the free float gets locked and the entire synthetics shitshow gets exposed. They announced they'd investigate certain SHFs involved in shorting GME immediately after GameStop began announcing DRS numbers. You also just saw institutional selling not too long ago. Perhaps we can expect much more of that when we're around 80-90% of the free float locked, for obvious reasons. + +Billions of dollars (over $2.5 Billion, to be precise) in registered GME shares this past year alone has been added towards locking the float. Has anyone really sat down and thought about how insane that is?! + +According to [figures from the IMF & UN](https://worldpopulationreview.com/countries/countries-by-gdp), Apes DRS'ed more money from GME shares than the GDP of over 30 countries globally, some of which include: Belize, Lesotho, Gambia, Bhutan, and Central African Republic. Considering how quickly shares have been getting registered, according to [computershared.net](https://computershared.net/), we should surpass Greenland's GDP within a few months. Ape Nation, bitch. + +Also, these statistics from CNBC further solidified my [We Are Unstoppable DD](https://www.reddit.com/r/Superstonk/comments/t3zp4h/we_are_unstoppable/), which explained how there must be at least 5+ million GME Apes out there around the world. + +https://preview.redd.it/k4oco3wjinj91.png?width=4032&format=png&auto=webp&s=f28e12f9de1b23a7777a8af5e5919fae961f6ef6 + +Essentially, SuperStonk Apes are just a fraction of the total # of GME Apes out there, and if we could tap into other Ape communities out there (like that 1.5 million Asian Ape community in Futu) and spread the word about DRS, it could ultimately accelerate DRS rates. Regardless, the greatest news from all this is that there's most definitely several millions of Apes around the world and already billions of dollars in registered shares (and billions more will continue to get registered over time). MOASS is inevitable. None of this is sustainable for SHFs; eventually their algorithm will give into this immense pressure from DRS. Whether that happens within a few months or several months from now doesn't matter, because MOASS is a once in a lifetime opportunity. + +MOASS will only happen once, and most likely never again post-MOASS. Regulatory agencies have been preparing for MOASS for the past year. + +Tons of rulings preparing for a massive financial event (market crash and short squeeze leading to defaulting clearing members). For example, there was [OCC-2021-004](https://imgur.com/a/CB9cCY0) & [ICC-2021-007](https://imgur.com/a/iKNczBm) which I went over last year. They were mitigating risks of clearing members defaulting in the event of a "significant financial event". There was [NSCC-002/801](https://www.sec.gov/rules/sro/nscc-an/2021/34-91770.pdf) which switched a monthly requirement of supplemental liquidity deposits to a daily requirement for short positions, making it insanely risky for any hedge fund to ever want to go crazy naked shorting a company post-MOASS. There was DTC-2021-005 and tons of other ones as well. More recent one's like [NSCC-2022-003](https://www.reddit.com/r/Superstonk/comments/u8ov3g/srnscc2022003_this_proposal_will_not_prevent/) (that was mitigating the effects of a market crash and MOASS) that I went through, which actually literally stated on page 184 that there could "potentially be a squeeze in the future that may cause increased market risk from clearing members defaulting." + +So, just tons of preparations and rulings. MOASS, to me, is a guaranteed event; it is ultimately inevitable, and so it doesn't matter if it'll happen next month or next year. And anyone complaining that they'd have to wait a year for generational wealth is overlooking how fortunate they are to know about MOASS right now before it hits the history books. It's honestly better than finding out about Bitcoin and its solid future back when Bitcoin was only $1. I imagine most people that are angry that MOASS hasn't happened yet are those trading options losing all their money from theta decay (or just shills/paperhands). + +It's going to happen no matter what. GameStop's quarterly DRS updates have shown billions of dollars added since the past year in registered shares (with DRS rates only increasing), yet the price has either remained stagnant or declined for the past year. **What more proof do you need that the ticker price is bullshit?** + +The ticker price doesn't matter. Price discovery won't come without starting MOASS, because SHFs will get margin called and liquidated. The spring has been coiling up, and every month that goes by that MOASS hasn't happened, only makes the MOASS that much more explosive. + +Why? Because synthetic shares need to keep getting added and because DRS numbers will continue to increase. + +Take a good look at all the Apes DRS'ing their shares. Nobody is going through the process of registering their shares just to sell at pathetic Mickey Mouse prices. If that were the case, they'd just keep their shares at a broker. Apes that are registering their shares demand phone number prices. So, the longer this takes, the more pure-blood Diamond-Handed Apes will keep registering their shares, and the more extreme MOASS will be. + +Lastly, when you DRS your shares, it's really the greatest feeling, because you can rest not having to worry about your broker going bankrupt during MOASS or finding some shady loophole to force-liquidate your shares early on in MOASS, or any of that. Those shares registered in your name are yours, they belong to you, nobody can fuck with them, and that's it. You don't even need to check the ticker constantly anymore, because you'll know MOASS is starting when you see it all over the news at that point. + +We know how fucked they are, they know it, too. The DTCC had to commit international securities fraud to buy themselves some extra time because they couldn't come up with enough synthetics to substitute the dividends to all the fake shares. As long as you do right for yourself, your family, and your future by protecting your future via registering your shares, the rest is a walk in the park. + +Michael Burry had to wait over 2 years for the market crash so that he could get paid. Doesn't matter how long this takes—it's generational wealth regardless. And, take the time these SHFs' algos are giving us as a gift, because it gives you time to accumulate more shares and register them as well. + +MOASS will only happen once, so just make sure you get it right and ensure your future is secure. + +Buy, Hold, DRS. 💎🦍🚀🌚 +Hey everyone, here are the top 15 stocks mentioned in the last 48 hours. xoxo + +&#x200B; + +https://preview.redd.it/rts9di5yvem61.png?width=1672&format=png&auto=webp&s=af62db53fe65999b6b8abda482da44aa7be886e7 + +What's your play today and tomorrow? As always this is just data and you should always do your DD. +A family member recently told me how their entire (fairy large) investment portfolio is based around buying dividend “aristocrat” stocks, looking for stocks with a track record of maintaining/increasing dividends. I was kind of surprised to learn that they have no bonds or GIC or cash or any other “safe” portion of their portfolio, everything is equities. + +They plan to use dividend income for retirement. What are the downsides and risks to this strategy? They feel that even if the value of their portfolio (ie stock prices) goes down, they will still get the same dividend amounts to live on so it doesn’t matter. + +Is this a viable way to manage your portfolio during retirement? Isn’t there a risk of severe dividend cuts in the event of a major economic downturn and/or market corrections? + +Edit: thanks lots of good responses and info. I will clarify that in the case of my family member, they are on the brink of retirement so they are focused on income, not growth. It seems like if they are happy with the dividend income amount they are currently getting, then this is a pretty good way to go. I am a little surprised how well divided payouts can hold up during economic/stock downturns. +Techlead, the *"Ex-Google/Facebook Tech Lead, YouTuber (1M subscribers), multi-millionaire app entrepreneur, digital nomad"* is another one you should not trust. + +Here's how he is scamming his community, telling them to buy his new coin while he dumps on them This is his address: [https://etherscan.io/address/0x5922b0bbae5182f2b70609f5dfd08f7da561f5a4](https://etherscan.io/address/0x5922b0bbae5182f2b70609f5dfd08f7da561f5a4) You know it's him because it's the same wallet that minted the initial 1M MM. + +Transaction where he mints the 1M tokens: [https://etherscan.io/tx/0xb76ac1e9480d933bb50fb3b7a231355bb9acef129674b45dd0a39664828f7538](https://etherscan.io/tx/0xb76ac1e9480d933bb50fb3b7a231355bb9acef129674b45dd0a39664828f7538) + +From here he starts by adding liquidity in uni v2 and v3, small amounts per transaction, maybe he's trying make it look natural + +ie. V3: [https://etherscan.io/tx/0xa15dc505498208741204327404f78b437ddedd6afc492e8fb40c62da199d270e](https://etherscan.io/tx/0xa15dc505498208741204327404f78b437ddedd6afc492e8fb40c62da199d270e) + +July 1st he posts the first youtube video: [https://www.youtube.com/watch?v=xBSEMJDwvXk](https://www.youtube.com/watch?v=xBSEMJDwvXk) July 2nd he starts rugging liquidity while telling his community and followers to buy because it's going "to the moon". + +By removing liquidity and not selling, he's effectively selling without 'selling'. This way he doesn't have to tell the community that he sold while they all bought, he just has to hold his initial promise of keeping 1m of usdc liquidity + +He even holds all the liquidity in a 1% fee position so he can syphon out 1% of all the volume! + +In total he has his uni liquidity + 1m USDC extracted so far + +This is outright theft + +I'm pro defi, community should call it out when we can, don't need law enforcement but this guy is cutting himself close: + +* California citizen +* Doxxed +* Clearly a security +* All actions on chain +* Telling people do 1 thing as he does another + +In short, he literally rugs his own community (as a millionaire). **There are** legal implication for this. + +Research done by dcfgod. All credit to him +My girlfriend & I owe a 35% share of a 1 bed apartment in Zone 1 of London. Since we moved 4 years ago our salaries have gone up, but not enough to staircase to 100% ownership (in the mortgage companies' eyes at least), & I'm wary of buying anything above 50% unless we go the whole hog as I've heard reselling larger amounts can be tricky. + +I work for an SME & report to the founder. Over drinks the other night he very kindly offered to increase my salary to whatever I need for 3 months in order to enable us to evidence to a mortgage lender that we're able to afford 100%. + +I need to figure the solid numbers out but I'm certain we could afford the mortgage repayments on 100%, as with the mortgage & rent payments combined at the moment it'll probably even work out cheaper, so this isn't the concern. + +My question is: is there anything dodgy about this and should we accept? My girlfriend is concerned that it sounds risky (or fraudulent) but I counter that as long as we pay correctly, no questions will get asked (plus salaries go up and down during a lifetime anyway). + +Cheers for your help! +Ok so I know this is a long shot. Why? Michael Burry deleted twitter and he doesn’t want to give any motive to the SEC or anyone to come knocking on his door. + +But would he be interested to be interviewed by one of the leading journalists of all time? Why shouldn’t a prominent mind be allowed to speak without being afraid of harrassmeny from authorities? + +It’s just a pipe dream and obviously something all parties have to agree to. But I think it is something that we maybe should at least try to make some noise about. +I'm 26, on my way to Fatfire by early 40s. I have spent last 4 years working 65-70 hours each week. And then handling my personal life admin tasks 5-6 hours a week. (grocery shopping, bill payments, doctor visits, etc) + +Recently, a friend of family (who was my inspiration for fatfire) died suddenly at a young age. This was shocking and a huge blow. It also made me wonder about actually living my life. As this woman was on path to get fatfire by late 50's (started late) and had kept her entire life on hold to live after her retirement. + +Once I started looking at life from this perspective, I found following problems- + +1. At the moment, I have not life out of my work. +2. I have no friends, no hobbies. ( the few friends I had are estranged now due to lifestyle differences) +3. I'm greatly out of shape. +4. I have made no progress towards finding a partner. (which is an important goal for me.) + +My solution to this was hiring a PA for part time (4 hours each day) . (which is slightly out of my price range, but I can adjust that at the moment) I'm looking for candidates now and will find one by end of Month. + +Problem is a- I don't think I have enough tasks to give her.. because I'm not sure what exactly should be done to have a life now while also striving for my fatfire.... + +Any advice about how you have achieved this is greatly appreciated. +In a note today Morgan Stanley analyst Joseph Moore upgraded Globalfoundries Inc (NASDAQ: GFS) to Overweight from Equal Weight with a price target of $72.50, up from $70 (21.64% upside). + +Moore downgraded Intel Corp (NASDAQ: INTC) from Equal-Weight to Underweight and announced a $47 price target (3.83% downside). + +Moore prefers GlobalFoundries over Intel, given his view that the former acts as a hedge against the risk of U.S. government support for domestic foundry and new business opportunities moving out of Asia as customers diversify. + +While Intel is betting big on its foundry business and recently purchased a smaller foundry in Tower Semiconductor Ltd (NASDAQ: TSEM), GlobalFoundries already has a solid and growing customer base based on "proven know-how and manufacturing capability," Moore says. + +ANy thoughts? For full disclosure I own GFS. +I am trying to improve my stock research skills, so I would like any advice on how to start and do a full on DD on a stock. + +And 2 more questions: How do you identify a value trap stock, and is there a generally accepted way to value stocks or it depends on each person? (DCF for e.g) +I use yahoo’s list of 52 week lows to find stocks and then do my research (looking at the numbers, doing DCF analysis, reading the annual report). But most of the stocks I find are located in the US & I want to diversify to other countries. + +How do you find potentially undervalued foreign companies (Europe, Japan, China & Australia)? +I am looking at banks stocks in the Uk and they are ridiculously cheap, often still down from 2007 highs. For example: Lloyds, p/b 0.66, dividends at 5.19%. Barclays: p/b 0.41, dividend at 3.56%. What is the deal with these stocks? I am not too familiar with banks, so please eighten me.. would it be a bad idea to buy into these stocks and wait for them to recover? +Unfortunately he spoke surprisingly little about inflation during the annual meeting. He did however tell a long story about publishing what is probably one of the best articles written on inflation and investing. This is what he was referring to: + +https://hollandadvisors.co.uk/wp-content/uploads/2021/03/how-inflation-swindles-the-equity-investor.pdf +Do you think too many people are holding cash thinking they will pounce on the next big dip hoping it’ll be like 2020? + +As such, there won’t be a big dip, because as soon as a value stock dips, it’s being mitigated by cash holders propping it back up? + +2020 was unique, and the regret of missing out is driving people to be overly prepared in 2021. People are thinking they’re clever, but when too many are thinking/hoping for the same thing, are you really being clever? + +Try First Steps with the Meta Quest 2, then spend 40 hours watching different content, using a variety of different applications, etc. after you’ve done so, if you still think it’s stupid, then touché, you’re allowed to say that VR is stupid and has no staying power in the future of global society. It costs $299 for a headset. Buy it on Amazon and return it within 30 days if you don’t want to keep it. + +It’s hard for me to describe how good VR is right now. I can’t really understate it. It’s much better than it was 5 years ago, and the experience is much better than most people expect it to be. That, and it’ll only improve as time goes on. + +Facebook/Meta definitely has issues. However, in my opinion, scaling into VR is one of the better decisions they’ve made in the last 5 years. I personally believe that VR will have an immense impact on the future of global society. I’m already seeing people in my industry using VR to learn new job skills. It has a tremendous amount of value. +If you haven't checked out WenMoon yet, this project has some serious momentum and is ready for it's breakout pump! The token just got listed on Blockfolio on Day 3!?! Working on other exchanges with an agent. The team is locking up influencers left and right, with the first post going out in the morning. The token is on a nice little dip as some early whales cashed out but it is overall holding steady and is poised to take off! Now is the perfect time to buy before this rocket takes off! Don't miss the next big crypto pump! Here are the details: + +&#x200B; + +🚀🚀 WenMoon Token - Day 3 -$2.5m market cap -1,300 holders 🚀🚀 + +Telegram Chat: [https://t.me/WenMoonTelegram](https://t.me/WenMoonTelegram) + +15% tax on transactions is automatically redistributed to holders! Big gains for holders. Disincentive for quick pump and dumps. Token burn every 100 holders. + +Contract Adress: [0xb93ba7DC61ECFced69067151FC00C41cA369A797](https://bscscan.com/token/0xb93ba7DC61ECFced69067151FC00C41cA369A797) + +Live Website with info: [https://wenmoon.space](https://wenmoon.space) + +Listed on pancakeSwap[https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xb93ba7DC61ECFced69067151FC00C41cA369A797](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xb93ba7DC61ECFced69067151FC00C41cA369A797) Use 5% Slippage and make ending digits end in 000's (Ex. 500000, do not do 5130942) + +📈Chart: [https://poocoin.app/tokens/0xb93ba7DC61ECFced69067151FC00C41cA369A797](https://poocoin.app/tokens/0xb93ba7DC61ECFced69067151FC00C41cA369A797) + +Discord: [https://discord.gg/gtFEJwS2](https://discord.gg/gtFEJwS2) + +DYOR! See you on the Moon! +I���m a college student about to graduate and very interested in REI, but I don’t where to start. How worth it is taking the risk to start REI and how should I go about starting? +not sure if this goes here but lmk if it doesn’t; so one of my coworkers at work said you can take the gas you put in for work off your taxes. wondering if that’s true. if so where in turbotax can i apply ? i use the everlance app every time i drive for work to keep track. due to me being mobile and going to ppl’s houses +Nifty Index - 1952 - Jan 11 2005 +Nifty Index - 12246 - Jan 10 2020 + +This is roughly a 13% return per year ignoring dividends. + + +Gold price - Jan 2005 - Rs 6420 for 10 gms +Gold price - Today - Rs 39607 + +This is roughly a 12.9% return per year. + +Nifty dividends come to around 1.3% year, I think. +If you buy something like Sovereign Gold Bonds, you get 2.5% interest per year. + +If you hold SGBs till maturity there is no capital gains tax unlike buying & selling the index. Also if you buy SGB from the secondary market, you can buy it at a discount as compared to a current SGB. + +I think everybody should have gold in their portfolio, somewhere between 10-20%. + +I think abroad gold is just a hedge, but in India considering both gold prices & also the weakening of the rupee, it becomes a double play & it seems to be a good investment also. +So I recently sold my business and netted close to $4M. I am currently developing the next business I will invest in, but that will be a long process 12-18 months. I’m the meantime I have no real stable income, just a few thousand a month netting from real estate. + +So my question is, should I place the proceeds from by business sale in an ETF like JEPI and use the monthly dividends as a salary or would you recommend something else entirely? + +TYIA +It just occurred to me... + +They're not reporting 49% loss on the short position itself. + +Because like they say you dont lose til you sell. And if they covered, they'd have lost a lot more. The number 49% makes no sense to me as a short position loss the more I think about it. Because it would bankrupt them. They'd be -1000% not -49% + +This occurred to me battling shills. So thank you shills. Once again you fucked yourselves up by not giving up 😂 + +They're reporting a cash loss. + +The cash loss is the interest fees on the short position.......... + +They lost 49% on the INTEREST FEES ALONE. + +That's my theory. Does it make sense? + +Edit: anonymous all seeing eye award. Someone sees the Deep Fucking Value of this theory. +Hi, + +So, I've mainly been an investor in equity-based index funds (SPY, NASDAQ, etc.) and I'm trying to broaden my understanding of other asset classes. + +It seems like leverage is the best way to increase cash on cash returns and real estate is the best way to do that. + +My understanding of why real estate is so attractive is + +- you don't get margin called - you're fine as long as you can afford the monthly payments (which will be covered by the guy renting) + +- tax benefits - you can deduct mortgage interest + property taxes + some other benefits + +So, my questions are + +1. Are there any other benefits with real estate that I'm overlooking? + +2. Are there any other asset classes where you can use leverage in a similar way to real estate (tax benefits + don't get completely fucked in a downturn...assuming you can afford the debt service) + + +One thing I've heard of is buying a business using an SBA loan but that seems like a massive headache and requires full-time attention. + + +I'm looking to invest high 6 fig / low 7 fig in capital and I have very good credit history + steady income. + +Thank you. +I'll try to keep this as brief as possible. Current NW 4M and I never thought I would ever be at this point in my 30s when I grew up on food stamps. + +I own 3 businesses .1 is highly volatile so I'm investing heavily into real estate to hedge because I wanted something more stable I'm currently buying around 20 homes a year and I use the value add method so simplifying of course I buy at 50% value and then do 10-15% rehab and cash out refi at 75% so I have 25% equity but almost none of my capital in the deals after 6 months. Typical deal is 100k pp and 30k rehab then 150k cashout. Plus I only had to give 10% down to acquire property so all in for 15k with closing costs. I also do some deals at 400k pp and 100k rehab then cash out at 525k. + +I always hear from everyone around me that I work too much as in 60-80 hours a week is typical for me. I really have no vacation and even when I do a small 3 day trip somewhere I'm still on the phone and computer for a few hours everyday working. I'm always getting some call about something with 50 employees overall and close to 90 sfh I own there is always something going on even though most of it is asinine and trivial. + +I just find it hard to slow down it's probably due to my competitive nature and I compete against myself always trying to outdo myself year over year. I want to purchase 30 homes this year in the 150k to 300k range. I have 6 closings this month so it's a great start. + +My safety nets include low 7 figures in cash in the bank mostly for peace of mind and market correction . I'm aware I can place the money somewhere else but I don't want to deal with losing money during a correction when I want to pull it out and getting loans is soo much easier when you have healthy savings in your business checking. It's also very powerful to make an offer on a home and show 7 figures for proof of funds it helps me win the vast majority of my offers. I also have 15m in life insurance to cover my real estate debt in case of an early death . + +Has anyone been in a similar position where your basically addicted to the work itself and I take pleasure in acquiring more assets every month. I want to open a car wash or some other business later this year but I don't really have a lot of time as it is. I'm in my early 30s and just having so much and faaaar beyond my wildest dreams . I used to dream of having 5 homes when I was 18 and thought that I would be "the man" . My goals keep getting bigger everytime I hit my old goal and my new goal is 10m net worth and I tell myself then I can slow down or retire. + +Thanks for reading and appreciate any responses from like minded individuals. +Do you guys think it’s a good idea as a one time investment? + +I mean instead of DCAing. +Like instead of puting $1000 in my savings in my bank. +I know it’s a lot more risky to do but also higher rewards if it will indeed go up again, and It’s money I can afford to lose. + + Is this amount considered enough for me to invest in crypto? +I thought this was an interesting article on the psychology of saving and investing. I think a lot of people maybe fall into this group of people who save money due to the potential unknowns of the future (kids, house, lower salary) but invest because they see a world in the future that is more robust and better than where we are today. + +https://www.collaborativefund.com/blog/save-like-a-pessimist-invest-like-an-optimist/ +We have been on this GME rocket for almost two years now, full of ups and downs, elliot waves, golden crosses, etc. etc. I know we say it all the time, but this week genuinely feels different and like the end game. We are seeing so many DD's beginning to show themselves as true, and finally it appears people outside of our sub are starting to take notice. The world currencies are literally collapsing all around us, inflation going crazy, Europe about to go under. The list can continue. + +I feel total Zen being 100% in GME, but not everyone is, and just a quick scroll through social media is showing the panic starting to set in for most people. The hurt is going to be very real and very deep. We have an opportunity to really make a difference. Maybe I am wrong, but this week feels different and who knows what next week will bring. Stay zen this weekend, enjoy time with family and friends, stay away from FUD. I'll see you retards Monday. Love you. +First of all, yes, I am an idiot. I have my entire net worth in cash, letting my bank make money off me while the value of my money goes down every day. + +There is a realtor who says he has a client who needs hard money. The amount he needs happens to be my entire net worth. If I lend the money, supposedly I will get 10% a year and I will get my principal back after 3 years. According to the realtor, there is zero risk with this. zero, none, under no scenario will I lose my money. If the guy doesn't pay, I can foreclose and get my money back. But since I don't think there is anything in life with zero risk, I did some research and several experts in hard money are saying do not put more than 10% of your net worth into any one property. What they fail to explain is why. They just say don't do it "in case you lose, it won't hurt you that bad". How would I lose if I have a lien on their property? I am seriously considering putting my entire net worth into this property, the extra income would solve so many of my problems. What are the risks with hard money lending? What could go wrong? Under what scenarios would I lose my money? +Edit: this went way bigger than I expected. I appreciate all the awards and keep reaching out to the creators you know and love! Can’t wait to see how this plays out with GameStop! + + +Edit 2: Added Ethans Reddit username and adjusted the photos links. Somehow the format got jacked up and the images weren't showing. + +Ethen S. Brewerton (Twitter: @EthanSBrewerton / Reddit: u/xCentumx) is a Fucking savage that makes the art for the Mecha Chaotic NFTs that look like this: + +&#x200B; + +https://preview.redd.it/qf9c62hhms881.png?width=3900&format=png&auto=webp&s=657e2c63cbbbe31bcf015934c14af552456683d2 + +&#x200B; + +https://preview.redd.it/ebc7vqgjms881.png?width=3900&format=png&auto=webp&s=4994893f19a04285a4083babdf2c78db5a7c2214 + +And this was his response: + +&#x200B; + +https://preview.redd.it/mefvx78lms881.png?width=1284&format=png&auto=webp&s=20f2b3460eb90665ab5857f5997a8dee70d631a5 + +Then it suddenly hit me, this is a ridiculously talented artist, I don't know him and he doesn't know me. We have never connected on GME and I have no idea if he's invested in the our favorite stonk or not. But regardless it dawned on me that there are SO many more people plugged into what GME is doing in the NFT space than I think most of us realize. The NFT community moves incredibly fast and requires everyone to keep up on any and all things progressing the sector. I don't really know many people but lurk in the NFT space a lot. To have the one guy I think has a metric fuckton of talent already moving on the GME Marketplace to me is uber bullish. Outside the stonk price, outside the hedgie dickbags, outside MSM, outside of all the bullshit noise, the NFT space is hyper focused on what's happening and holy shit my nips are ice cold. + +We about to go nuclear apes... +Let me start by saying that I have been in to Ether since the launch, and used the mist wallet from inception and still do. But when Jaxx released an IOS version I started to use that a lot, and always had great things to say about it. +However I have not been trading much for the last few months and have had a large stash of REP stored on it, but after watching John Mcaffee's recent video about phone wallet security I decided to move my REP, moved 10 successfully as a test before the big transfer, but when I tried to move the rest I had massive problems it said the transaction was successful but it wasn't i tried this 6/7 times with no joy. +So reluctantly I thought I would try MEW, reluctant because I do not like putting keys/mnemonics for wallets with large balances into a web browser but was getting really frustrated with Jaxx and felt I had to do it. +Needless to say it was unbelievably quick and easy and was all done with no problems at all, so a big THX to all the MEW team for creating a great product much respect for making my life less stressful :) +They didn't know what they meant either. + +What they really meant was: I wish I could travel in time when it was at 20k to buy some more because now I know It went from there to 60k. + +20k now? well, in stocks if you look at the past to evaluate if now is cheap or not, then you are lost. +Finally joining the world of dividends and I’m a little overwhelmed, not so much trying to live off dividends(yet) as I am just starting my dividend profile. Would love opinions on where to start a stable high-yield snowball. Any advice or tips greatly appreciated! + +*(Wow! Thankyou guys! The feedback has been incredibly helpful,eye opening, & extremely informative, I was not expecting so many supporting yet contrasting views. Seeing the comments, its comforting knowing we’re not alone, hopefully this thread can help some of you as much as it did me.)* +Edit: Skip ahead to **"Electrifying the grid: The truth"** if you want to get right to the thesis.. + +Edit 2: Yes Tesla's P/S ratio below could be as low as ~18 if you annualized Q4 sales - although it's a bit weird to do that with sales being cyclical - but I didn't mean to dwell on the current valuation. The point of my post is to talk about longer-term roadblocks to the bull thesis. + +Tesla is currently sitting on a P/S ratio nearly at 25.0 (using trailing year data). This is as compared to other mature industrial conglomerates that trade at P/S between 1.0-2.0 (ie Siemans, Northrup). This represents an extreme overstep in share price versus revenue growth: the share price in the last few years has vastly exceeded revenue growth, **meaning the stock has rewarded existing holders with an advance of future growth that has not yet happened**. + +Note: I use P/S rather than P/E for comparison because it isn't fair to Tesla to look at their PE as they are heavily investing. + +The bull case assumes Tesla will grow revenue into their valuation and even exceed all current expectations. In other words their revenue will increase and eventually when they reach maturity they'll trade at a similar P/S to peers (although possibly on the higher end of the range) + +The bull case requires future Tesla revenues exceed 1400% total revenue growth on top of whatever S&P growth is happening **just to keep up with expectations already factored into the share price**. Zero margin for error. + +A large part of this revenue growth is expected to come from energy related businesses with $200-$300b+ generally cited by bulls.. + +What happens if markets/analysts at some point realize Tesla won't be able to grow at their prophesized 50-60% a year, but instead 20-40%? See Cisco circa 2000 for a lesson in what happens when growth expectations drop. + +**I don't think Tesla is going to crash this year, not even next year**. Most money flows are short-minded, and investors will need proof of a deceleration. These catalysts will come, probably around 2024/2025... + +**Electrifying the grid: the truth** + +The biggest bull case for Tesla's valuation as "not just a car company" is a grossed up comparison of how much $$ the world currently spends today on coal/gas/oil, and then assuming Tesla will be able to take a large share of this market at high margins. + +There's a reason I don't know a single utility analyst that is bullish on Tesla. It's important to understand how regulated utilities work. Utilities, unlike normal companies, do not get paid to sell product or services..instead they get paid indirectly for grid improvement & maintenance. + +The way this works: + +* A utility first gets approval from their municipality for a project (ie replace a coal plant with wind/solar) +* The utility then generally borrows money via bond or equity issuance to pay for the project. +* The state sets an allowed rate of return the utility can earn on their asset base. If needed, they'll allow an increase in utility rates so that the utility can pay off that loan and earn a reasonable return on top. + +Point #3 is the biggest impediment to electrification, and why it will take at least 30 years. Politicians are going to be unwilling to allow energy bills to raise fast enough to do this transition fast. Oh, and with regards to paying for materials, **utilities will go with whatever is cheap**. Cheap low-margin batteries, cheap low-margin solar. Tesla may command some early market dominance, but this is going to fade way to market forces. Utilities will be incentived to keep these costs down. + +Unlike Tesla's car business, where folks are willing to pay a premium for a nice car, the battery/solar business has no moat. It's easy for competitors to come in and underbid, and they'll have many years to catch up. + +Lets also talk a bit more about moat. Oil has plenty of it with Opec/Russia being run by literal mafias. How about natural gas? In the US - since fracking has become a thing - not so much. See ticker EQT, they are the number one natural gas producer in the US - more natgas production than Exxon - **yet their entire market cap is under $10 billion**. The market capture here isn't anywhere near what bulls are claiming. + +**Scaling the company** + +Lots of talk has been made as to the potential for Tesla to scale to become a "giga company" including into other businesses such as insurance, taxis, etc. Besides the fact that insurance & taxis are low margin businesses and Tesla has no moat in the space, let's talk about scale... + +Consider this for a moment. Tesla has currently about 70k employees, many of them highly motivated, and some of the best engineers on the planet. + +* How many of those engineers will still be around in 2 years, 5 years? How many are going to retire (rich) once their stock vests (4 year vesting period)? +* How many more employees will Tesla need to hire to scale to a business that sells 10 million cars annual, insurance, taxis, energy? Even with automation we're talking about 100s of thousands of employees. +* What is Tesla? Is Elon Musk Tesla? Or the 70k employees? Will they need to lower the hiring bar as they scale up? +* If the first generation employees were the innovators, the second will have to pick up from the prior group and maintain the company. Will the second generation, third generation engineers be as motivated as the first generation that were able to partake in original share increase? + +Purpose of the above is to help folks understand *the Tesla of 2030 will organizationally bear no resemblance to that of 2022*. Literally all the surviving dotcom companies that sit atop NASDAQ today struggled with this originally. Consider all the failed Google or Microsoft ventures. + +For Tesla to become a $3 trillion dollar company, it can't be the Elon show. For reference though, **Tesla currently has the worst glassdoor reviews out of any company in the VTI top 10** (3.7/5.0), just barely below Amazon's 3.8 with 1+ million employees. This is despite the fact many Tesla employees have shared in the wealth thanks to stock grants. They are known to overwork their folks. This isn't a good sign for a company that still needs to scale at least 5-fold in hiring. + +One last nugget.. Stock price and revenue growth don't always move in the same direction, not when one has overstepped the other excessively so. +Okay, so hear me out guys. I’m nineteen years old, working a lil’ job maybe making upwards of $160 a week, plus more if I choose to do some side work as well. I should be going to college, but I’m kinda putting it off for now. I live with my parents, and don’t really pay bills outside of my phone bill, and the occasional flight here and there. + +But let me tell you, when I see that $0.00 in my savings, I feel like shit. Everything else good in life just fails. I completely and utterly feel as if I have no hope, like everyone else that is successful in life started saving way before me. I don’t know if the excessive worrying and intrusive side to my depression disorder is making me overreact and feel terrible, or if I’m actually fucked and I should just give up, continue to blow my money on food and drugs, and ultimately feel like everyone in the world has passed me by. + +I would absolutely love to hear your input. Thanks, guys. ❤️ + + + +EDIT: oh my god, I wish I could reply to every last one of you 💓😭. your advice, criticism, and insight has genuinely made me feel better about the situation I’m in. I’m going to work on my mental illness and start saving my money! And Once I move next month, I’m gonna work to tone it down on the drugs, and get into college. I’ve read every last comment, and will to continue to do so in the future, always reminding myself that it’s not too late for me! + +From the bottom of my heart, i thank each and every last one of you 🖤 +Edit: I think a fair amount of posters took my below post as some pompous dic7 that looks down on the middle class. I grew up middle class, worked hard, saved more, and invested wisely. I do happy hour in nice places and still watch what i spend. As I say in the OP, I like my friends. I'm asking the community's insight how it would change if you socialize with the majority of fatFI primarily. I'm not going to do that but it's an interesting question, IMO. Thanks in advance! + +Is your social circle made up of fatFI or something much less than that? + +The thread about kids and the # of kids got me thinking about this interesting question. My social circle is made up of something much less than that ... I would say that the average net worth in my MCOL social circle is about $1MM, with the average age being 45 ... most would be less than $2.0MM and some (keeping up with the Jones's) are likely to be less than $.5MM. I'm the only male 50 year old NOT grinding in our circle. I like our friends a lot but I do feel that i stick out a bit, and some likely don't think I can't relate to their daily life. + +I wonder sometimes what it would be like with a circle of similar high NW couples/families. I would probably spend more $! +Did Biden just say in the debate he wants to completely dismantle the oil industry in the US and replace it with 100 percent renewable green energy. First of all this seems unrealistic, second that is a very risky policy statement just before an election. He may lose support from many blue collar manufacturing workers in the rust belt. Felt like he dropped a bombshell which could really hurt him. +Did Biden just say in the debate he wants to completely dismantle the oil industry in the US and replace it with 100 percent renewable green energy. First of all this seems unrealistic, second that is a very risky policy statement just before an election. He may lose support from many blue collar manufacturing workers in the rust belt. Felt like he dropped a bombshell which could really hurt him. +&#x200B; + +https://preview.redd.it/8m3cb3mn81r91.png?width=1440&format=png&auto=webp&s=1ecd840453954a1229dc0b6dfd944c91cb83d94f + +Today we're incredibly grateful to be announcing our official partnership with GameStop! This partnership is not limited to just NFTs as we're aiming to onboard the first one-hundred million Web3 gamers. Welcome to digital ownership, power to the players. ❤️ + +&#x200B; + +https://preview.redd.it/mngvf2cr81r91.png?width=1446&format=png&auto=webp&s=1c5881b4cb89f3dab7c1a53dac82b0e65174d6d8 + +**Socials:** + +[Twitter:](https://twitter.com/KiraverseNFT) + +[Discord:](https://discord.gg/kiraverse) + +[Website:](https://kiraverse.game/) +I know I can move further out and apartments are just as good. But I am feeling very upset about not being able to even have a roof over my head. My job is in Sydney. Otherwise I would move. There is nothing good about this city anyway. We keep getting outbid by others. It seems that nothing will ever help. Even recession will not really do anything. I already don’t spend anything other than grocery. How do I not feel too hopeless and depressed about this situation? +I netted a huge salary increase and paid off all my student debt last year. I've gone from being perpetually broke to now having $42k in a savings account and $17k in a retirement account. I've allocated $10k to an emergency fund, $10k for health-improving surgeries that I may get this year, $10k for a used car if I need to buy one once remote work is over (but I live in a city so it won't be necessary), $10k as a fuck-off fund, and the remainder for a new laptop when mine gives out in a few months. + +Since savings rates are abysmally low, I want to start putting my future monthly savings into stocks. I'm relatively risk-adverse and I want to pay minimal fees. I have no experience with investing other than my company's retirement account. I don't want to pick and choose stocks, I just want a basic diversified portfolio. + +What company should I use? And how much of my current savings, if any, should I move there? +Disclaimer: I'm a smooth brainer with a lot of time. + +So the reason for this little DD is because of a certain find by u/PapaTheSmurf and his post + +[https://www.reddit.com/r/Superstonk/comments/nd39dl/srnysearca202054\_need\_some\_wrinkles\_asap/](https://www.reddit.com/r/Superstonk/comments/nd39dl/srnysearca202054_need_some_wrinkles_asap/) + + +The finding in question is as follows and it clicked in a couple of missing pieces to a theory I have about our secret whale. +[https://www.sec.gov/rules/sro/nysearca/2021/34-91901.pdf](https://www.sec.gov/rules/sro/nysearca/2021/34-91901.pdf) + +This rule appears to provide an exemption for companies that fall under “investment companies” in obtaining shareholder permission before issuing securities that relate to acquisition of stock or assets of another company. +This is huge considering that both BlackRock and Vanguard quite literally, are major institutional shareholders (almost always number 1 and 2 in ownership) of almost every major company in America. + +https://preview.redd.it/pgjpu1rpzoz61.png?width=826&format=png&auto=webp&s=dac7e0e819ef18f386e52fc970b7cde5a6ac7318 + +Seriously, look through Yahoo finance and look up a company and their top institutional holders. They're all BlackRock and Vanguard. +BlackRock currently has an Asset Under Management value of US$9T (9,000,000,000,000). +Vanguard has US$7.1T. +Together it’s $16.1Trillion. +The reason why I put them together is because the highest institutional holder of BlackRock shares is Vanguard. + +NOW. + +This is a very important headline. +[https://www.bloomberg.com/news/articles/2020-05-21/how-larry-fink-s-blackrock-is-helping-the-fed-with-bond-buying](https://www.bloomberg.com/news/articles/2020-05-21/how-larry-fink-s-blackrock-is-helping-the-fed-with-bond-buying) +‘BlackRock is now the Fourth Branch of Government.’ +This headline is important because it’s not really much of a metaphor. BlackRock assists, funds and even advises government entities as well central banks. + +That’s a stupid amount of power. +Now from here we have a motive under a certain conspiracy theory. A good video on it here: +[https://www.lewrockwell.com/2021/04/bill-sardi/who-runs-the-world-blackrock-and-vanguard/](https://www.lewrockwell.com/2021/04/bill-sardi/who-runs-the-world-blackrock-and-vanguard/) + + +This video is where I’ve got most of the research up until this point in the DD. It’s worth a watch if you have time, seriously. It’s a lot to take in but all the information is cited, and with all the bullshit we’ve seen citadel pull it’s really not that far-fetched. + +Back to the topic at hand. +What happens when you combine the very largest securities holders on the planet that have government ties and a sneaky rule that allows Investment companies to buy out other companies without any prior permission? See where I’m going with this? +And if this wasn't good enough, this whole GME fiasco is going to be a double whammy for our big friend BlackRock. +Since, (quoting DR. T) “Citadel doesn’t wear clothes” they’ve been keeping the prices on the stock market incredibly low, we know this. Citadel has been a leech on these two giants for many many years, and GME is the prime time to rip this leech off by its slimy ass tail. +But the juicy treat is not Citadel. It’s the DTCC. +And I mentioned this in a previous fluff post after an epiphany one sleepless night. +When Citadel is done, and the bill comes in at $64Trillion. +Not only will these megalodons have a portfolio through the fuckin roof when all of their shares come back above water with the stock market inflating again. +But they can literally buy the DTCC, piece by piece as GME shoots through the goddamn milky way. + +Below is a very detailed step by step visual for those who still don't see where this is going. + + +[I made this with all the crayons I haven't eaten yet.](https://preview.redd.it/f5lle58dzoz61.png?width=1152&format=png&auto=webp&s=4a93bbfb2fd9099fc847203bd2a9261a56afabbd) + +What this means is not only are BlackRock and Vanguard going to own the entire stock market by holding all of its physical shares. +They’re going to own every single company in it. + +And because of this ownership rule, they’re going to own the entire western face of this planet in one swing, have total undeniable control and no one can stop them. + +What they plan and what happens after is open for debate, my best guess is what is explained in the video I linked earlier. + +TLDR: invest in gold or BlackRock after GME moons. +There are virtually no small multi unit properties in my area except for less than desirable areas, and nothing else makes sense financially. I’m moving on to new markets. Where should I go for positive cash flow AND potential appreciation? +There are virtually no small multi unit properties in my area except for less than desirable areas, and nothing else makes sense financially. I’m moving on to new markets. Where should I go for positive cash flow AND potential appreciation? +I'm really proud of myself, it's one of the only long term goals I've ever reached. I have many siblings but only lived with my younger sister. She was always good at saving (more type B personality) but I see something I like and in the moment, I spend everything I've saved on that (type A). I never reached a significant amount as far as a general account balance goes or in savings. The last three or so months are the only months I've had money in my account when my paycheck went in (f, 21; working for 3+ years) Generally I live paycheck to paycheck for lack of self control. I want to book a cruise for my significant other and me... how do I keep saving and resist the urge to spend it all on a "reward" for reaching my goals? +I made almost 3 months salary this week flipping TSLA calls/puts. Was fun!! Now I want to put a chunk of it in low risk, long term options. I'm trying to figure out best approach. + +These 2 examples are for same stock, at same strike. And yes, it's a stock I don't mind holding. + +A) Sell PUT that's 18 months out, but with a 50% return! Example: 1000 cash reserved, but 500 premium. + +B) Sell PUT that's 28-45 DTE, but a 8-10% return. However, because of # of times I can sell the PUTS, the total profits would actually be 3x by the time A expires. Example: $1500 profit over 18 months vs A ($500). + +So go for a 50% return with a long duration hold or 3x profit, but with constant rolling + price adjusting? + +&#x200B; + +And for those wondering what I did with TSLA, I bought 670 calls for june 10 when it dropped hard last week. When it hit 790 on thurs (june 2), I sold them and immediately bought 790 PUTS for june 10. Sold the PUTS when it hit 705 on friday (june 3). Was a wild ride with crazy profits! best trades i've ever done! +We are literally leaving Earth NOW! + +Tired of rugpulls and scam tokens? With a supportive and fast growing community backed by a team of developers who have been delivering since day 1, this token is loved by so many. Whether you are a gamer, investor, or a person working a regular 8 hour job, you came to the right place. Teamwork isn’t just about working in a team together. It is about working together as a team. It is about collaborating to successfully accomplish a common goal. It is about driving the entire team to work towards that shared vision. + +I can 110% say GMR is that organization and I firmly believe this is an excellent time to jump on the GMR train because you are still at a very early stage. We at GMR will welcome you with open arms. Head over to the telegram link listed below and see for yourself! + +What to expect in the next few days/weeks: + +Certik audit will be released anytime soon! + +Apeswap Staking + Rewards underway, possibly June11-12th! ( Earn Banana + GMR = more passive income) + +GMR Center on its final stress test, registration will open on Friday, June 11th! + +$250k Warzone Tournament and marketing to specific gamers for maximum exposure + +Coinbase venture??? + +300 exclusive NFT's will be given away to those who will register at GMR Center. + +Timesquare Billboard imminent! ( organized by the community) + +and so much more!!!! + +Website: gmr.finance + +Telegram: t.me/gmrfinance + +GMR FACTS + +Days Old: 1 month+ + +Market Cap: $33,000,000+ + +Holders: 180,000+ + +28,000+ Telegram members + +32,000+ Twitter followers + +7,000+ Reddit readers + +7,000+ Discord members + +Trending EVERYWHERE. + +Listed on CoinMarketCap. + +Listed on Coingecko. + +Trading on the following exchanges: + +BIKI COINSBIT BITMART + +Partnership with Turopium ( Over 50M combined subscribers) + +Apeswap Staking + Rewards ( Earn both BANANA and GMR ) + +Coinbase Venture as possible investor + +FIFA fridays with @MattHDGamer + +$250,000 Warzone Inaugural Tournament +He declined to receive compensation for his service as director. + +Cancel is 2020 performance-vested restricted stock award = 308,477 shares + +voluntarily agreed to eminate all other severance rights + +&#x200B; + +He will be entitiled to accelerate vesting of all his outstanding time-vested shares of restricted stock. Not sure what that means but my confirmation bias wants me to think the price is going up. + +&#x200B; + +&#x200B; + +Not financial advice. I'm the smoothest ape here +My average buy price is 26k and I have never sold 1 Sat. I may regret not selling at 55k…BUT… + +1st and only house: 2.65% APR and owe 165k 1 ROOMMATE (wife) + +2nd house: fuck me a second house? + +Daily Driver: 2017 Subaru Outback 2.9% 14,000.00 + +Student Loans: 29k fuck me + +Private Student Loan: 11k fuck me hard + +Credit Cards: 0 but I paid those off by FIAT! + +I wish I got in 1200-4000 in 2017 but I was a fucktard that thought it was a scam because of bitconnect. + +Good news is summer of 2020 I did my research and got buying before things took off and have just kept buying. + +I don’t even own one coin but I may get there. + +COME FOR MY BITCOIN and you die. + +Edit: my roommate is my wife, she scolded me once she read my post. + +Edit: FYI post is satirical to the one the other day about the guy selling 9 bitcoin. It’s been long enough that folks aren’t getting my joke lol. + +:) + + +Cryptocurrency pioneer Justin Sun bid a record US$4.57 million to have lunch with Warren Buffett, who famously referred to Bitcoin as “probably rat poison squared.” + +Oh, to be a fly on the wall. + +Sun launched Tronix, also known as Tron or TRX token, in 2017. It’s valued at US$2.56 billion and is the 10th largest cryptocurrency in the world, according to data provider CoinMarketCap.com. The 28-year-old Chinese entrepreneur said he hopes to educate the Oracle of Omaha on cryptocurrency and the underlying technology, called blockchain. + +“It is very common in investment circles that people will change their minds,” Sun said in a telephone interview. “Investment opportunities are best when lots of people are underestimating the technology.” + +Buffett and his longtime business partner Charles Munger have criticized cryptocurrencies in the past. The 95-year-old Munger called Bitcoin a “noxious poison.” Buffett, who says there’s no value being produced from the asset, at least gave a nod to blockchain technology as “important” in an interview with CNBC earlier this year.   + +“Even one of the most successful investors of all times can sometimes miss a coming wave,” Sun wrote in an open letter to the crypto community. “Buffett has admitted he overpaid for big investment food giant Kraft Heinz Co., while failing to realize the potential of the likes of Amazon.com Inc.; Alphabet, the parent of Google; and even Apple.” + +**Glide Charity** + +The annual auction raises money for San Francisco-based charity Glide, which Buffett’s late wife Susan supported. More than US$30 million has been raised over the years, as bid amounts have climbed. Glide provides meals for the city’s homeless, offers support to domestic violence victims, and helps people find shelter. + +Previous auction winners have included Greenlight Capital’s David Einhorn, who was the highest bidder in 2003. Ted Weschler won two auctions and was later hired by Buffett’s Berkshire Hathaway Inc. (BRKa.N) as an investing deputy. This year’s bid was about 38% higher than the winning bid in 2018. + +Sun previously founded Peiwo, a Snapchat-like app for China with millions of users. He then started the token popularly known as Tron by using much of Ethereum’s computer code and parts of other startups’ white papers to write his own. + +He bought the popular software file-sharing application BitTorrent for US$120 million last year. Demand for the coin surged when Sun announced the BTT token, able to run on both Tron and BitTorrent networks. On May 30, BitTorrent announced it will let users store files across a distributed network of computers using BTT. + +Tron, meanwhile, has attracted scores of gaming and gambling applications. Earlier this year, Tron bought app store CoinPlay. + +The bidding war for the lunch started May 26. It heated up early in the week and fell fairly quiet heading into the final day of the auction when a handful of bids came in that exceeded US$4 million. + +Although he’s deep into crypto, Sun said he trades traditional stocks and reads annual reports of technology companies. He hopes to learn more about Buffett’s value-investment strategy at the luncheon. + +The time and place of the luncheon has yet to be determined, according to Sun. It’s typically held at the Smith & Wollensky steakhouse in New York. + +Sun, who can invite as many as seven people to join him, said he’ll choose among his most-persuasive friends as well as the most influential people in the crypto community as it’s likely to be a tough sell to get the 88-year-old billionaire investor to change his mind. + +“Cryptocurrencies will come to bad endings,” Buffett said in 2018 at his annual shareholder meeting. + +[https://www.bnnbloomberg.ca/crypto-pioneer-pays-us-4-57m-for-lunch-with-warren-buffett-1.1267813](https://www.bnnbloomberg.ca/crypto-pioneer-pays-us-4-57m-for-lunch-with-warren-buffett-1.1267813) +I'm 23 years old and want to start my dividend portfolio. Any help is much appreciated!! + +What brokerage to use? Where should I park 10k? + +Edit: Sorry if this breaks community guidelines, I'm new here +I'm 25 and just started to get into dividends at the beginning of the year. On average I make about $8 in dividends a month. As of now I can comfortably invest $100-200 a month into more stocks. I took the approach of going kinda broad with my investments and I'm worried I stretched too thin too early. I have a low amount of shares in several "safe" stocks (MMM, MCD, JNJ etc.) + +Without getting too specific I own an avg of 3 shares in 15 different stocks across healthcare, real estate, energy, consumer staples, and more. What do you guys think? Should I sell some and reinvest to reduce the diversity? Is that even a viable option? Or should I just stick with what I have? Thanks in advance. +I feel like a lot of people have somewhat decent jobs when seeking FIRE. My job is like getting stung by a nest of bees to collect whatever remaining honey is left after the bears pillaged it. + +An ideal job would be to not have bees sting me. But an ideal job is no job at all, for me at least. Having a set schedule is somewhat of a cruelty. + +I will quit my jobs to just not do anything now and then. And the difference is immediate. + +When working, I have 2 hours of quality time if I am lucky and if I had a "good" day. Some bad days are so draining I cannot process anything. Even something basic like eating. + +So how can you save for retirement if building a life you want is a life without mandatory work? It seems like you have to "FIRE" before FIRE-ing. Anyone else struggle with this concept? +I used to be a banker in a retail branch at a large American bank. Every once in a while we would get a customers that would find a job online (craigslist, ect) and get completely screwed over. I've made it easy by premising this as being a scam. Try to put yourself in the unknowing victims shoes. + +&nbsp; + +Example job posting: + +*Need reliable, intelligent operations coordinator / event steward. Our venue is a small friendly environment looking for an organized, outgoing, motivated individual with a flexible schedule to work events & some evenings and weekends will be required. You must have reliable transportation and a current driver's license, as some office errands will be required.* + +*Job responsibilities will include:* + +• *Tear down & set up event space (may include stripping the room of all furniture, vacuuming & resetting the room).* + +• *Maintain high standards of cleanliness & sanitation throughout the event function space which includes carpets, walls, walkway, tables, chairs, Linen, etc.).* + +• *During events, duties may include assisting with refreshing the coffee, tea, water & attending to different needs.* + +• *Packaging orders to ship & logging in receivables, locating orders, putting up inventory, ordering shipping supplies.* + +• *Staying on track with UPS orders for pickup & receiving.* + +• *Light office work.* + +&nbsp; + +You are running out of money and desperate for some work, so you apply because it seems legitimate enough. Plus, how can this be a scam? You send an email with your resume and lucky enough for you they respond. They say you sound like the perfect candidate and they have an upcoming event they need you to coordinate (they may even call you to make sure **you** are who you say you are). They mail you the event details and a $5,000 check. They say they need you to deposit this check and buy yourself a laptop or a desk or whatever you need to ensure you are prepared for the upcoming event and mail $3,000 of it to the event speaker. They say they need to make sure they can trust you and if you do this right, they'll continue to give you more work. You do this because after all they are giving you money, there is no risk to you. + +This is where it all goes wrong. + +You feel a bit uncertain but you deposit the check and wait about a week to make sure it clears. A few days after depositing it, you see the money is in your account. Ok, it may be legit. You send the money to the event speaker via Western Union or whatever instruction your new boss have given you. A few more days later you're account is (negative) -$3,000. The reason is because this check was drawn off of a tiny bank in a tiny town. The amount of time to verify this check was longer than the amount of time that the funds are made available in your account. The reason for this is because checks need to be verified from both banks. This can be difficult to do because of many factors (in this case it's a tiny bank that is difficult to get in contact with their clearing department) and large banks have their own fund availability policies. Banks may choose to make funds available earlier to reduce the negative impact to customers. They are also restricted to how long they can hold funds due to the Expedited Funds Availability Act: Regulation CC. + +TL;DR: You can deposit a check in your account and have it clear then have the money pulled out of your account days later because of how check clearing works. +https://www.sec.gov/Archives/edgar/data/1318605/000119312520312194/d60067d8k.htm + +>On December 8, 2020, Tesla, Inc. (“Tesla”) entered into an equity distribution agreement (the “Equity Distribution Agreement”) with Goldman Sachs & Co. LLC, Citigroup Global Markets Inc., Barclays Capital Inc., BNP Paribas Securities Corp., BofA Securities, Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC, SG Americas Securities, LLC and Wells Fargo Securities, LLC, as sales agents (each, a “Sales Agent” and collectively, the “Sales Agents”), to sell shares of common stock, par value $0.001 per share, of Tesla (the “Common Stock”) having aggregate sales proceeds of up to $5.0 billion (the “Shares”), from time to time, through an “at-the-market” offering program (the “Offering”). + +>Upon delivery of a placement notice and subject to the terms and conditions of the Equity Distribution Agreement, the Sales Agents will use reasonable efforts consistent with their normal trading and sales practices, applicable state and federal laws, rules and regulations, and the rules of the Nasdaq Global Select Market to sell the Shares from time to time based upon Tesla’s instructions for the sales, including any price, time or size limits specified by Tesla. Under the Equity Distribution Agreement, the Sales Agents may sell the Shares by any method permitted by law, including in ordinary brokers’ transactions, in negotiated transactions, in block trades, and in transactions that are deemed to be an “at-the-market offering” as defined in Rule 415(a)(4) under the Securities Act of 1933, as amended (the “Securities Act”). The Sales Agents’ obligations to sell the Shares under the Equity Distribution Agreement are subject to satisfaction of certain conditions, including customary closing conditions. +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) +