diff --git "a/reddit_finance_43_250k_186.txt" "b/reddit_finance_43_250k_186.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_186.txt" @@ -0,0 +1,10000 @@ + +Not once have I even considered selling. Not once. Not for a second. I have had 100% conviction since the first shares I bought. I read the DD. I stayed up for 72 hours straight when I discovered GME and everything surrounding it. I was in no matter what. + +Now here I am, 5 or so months later, and still holding and buying more when I can. These shorts don’t know who they are fucking with. I can wait motherfuckers. Oh, I can wait. I spent 3 1/2 years in prison. Yup. In California of all places. I waited 41 months just to breath free and fresh air. I can sit on the toilet for months if I have to. You know what I ate everyday that whole time? Top Ramen. Spreads (if you know you know). I scrubbed pots and pans in a fucking prison kitchen for $0.50 a day. I waited over 3 years to give my mom a hug (greatest lady on Earth. I love you, Mom 💜). + +I saved every penny in there. I got out of prison almost 4 years ago. I got a good job. I have changed my life in every way. Prison changed me. I am lucky. + +And then along came GameStop and all you crazy mf’s. When I got out of prison I thought I was going home. Not until I found my true family did I realize I found a true home. With all of you and with GameStop. This isn’t just a company anymore. It’s a family. It’s an idea. It’s a miracle in so many ways. This is what living is about. Making a difference! Fighting wholeheartedly in something you believe in. I believe in all of you and I know y’all believe in me and that makes me one proud idiot. + +The shorts fucked with the wrong one this time. +🎮 Power to the Players 🛑 + +Viva La GameStop! See you on the moon Fam. I got your back. Always 🤝 + + +Love, Dorvalis (aka Babushka) + + + +P.S. @ Kenny Boi Griffin: Fuck you. Let me catch you on the yard punk + +Edit: not sure what I missed but I see people commenting on the position statement in my post. I will remove it.* I don’t want to ruffle any feathers. I must have missed the memo. + +Edit3: thank you all so much for the support! This is exactly why I feel at home here and I love all you crazy apes! Also: thank you to the haters and critics, for reminding me that y’all still there ✌🏼 +BabyShibaInu is the latest arrival into the crypto doggie world. It's a novel token with social conscience, created by the dog loving team and fully distributed within the cypto community. + +&#x200B; + +NFT marketplace for Apps and DApps is in development. They are also working on breaking into the Asian market with the help of the most recent recruitments to the marketing team who are based in Singapore. After getting listed on CG And P2PB2B Exchange, the team is pushing for the CMC listing which will happen within 4-5 days. Heavy marketing is about to kick in with influencer shills on Twitter and tiktok. They passed the Nexus audit with flying colors and are targeting other audits in the near future. Community is very active and Twitter shilling competitions are taking place 24/7. Devs are very dedicated and transparent, they hold 2 AMA sessions everyday to provide the community with the latest updates and listen to suggestions! + +&#x200B; + +The branding has enormous potential, merchandise looks dope as well, all profits of which will directly go to the Shiba Rescue Charity organization. First donation of $5k already took place! + +&#x200B; + +There is a 11% tax per transaction: 6% of which will be added to the liquidity pool, 2% will be redistributed to all holders (including the burn address, increasing the value of the token over time) and the remaining 3% will go to the giveaway wallet which will be used to reward holders! + +&#x200B; + +Liquidity is locked and ownership renounced. + +&#x200B; + +📱https://t.me/babyshibatoken + +&#x200B; + +🌎 [https://babyshibatoken.com](https://babyshibatoken.com) + +&#x200B; + +🐦 [https://twitter.com/BabyShibCoin](https://twitter.com/BabyShibCoin) + +&#x200B; + +📄 0xaecf6d1aff214fef70042740054f0f6d0caa98ab +BabyShibaInu is the latest arrival into the crypto doggie world. It's a novel token with social conscience, created by the dog loving team and fully distributed within the cypto community. + +&#x200B; + +NFT marketplace for Apps and DApps is in development. They are also working on breaking into the Asian market with the help of the most recent recruitments to the marketing team who are based in Singapore. After getting listed on CG And P2PB2B Exchange, the team is pushing for the CMC listing which will happen within 4-5 days. Heavy marketing is about to kick in with influencer shills on Twitter and tiktok. They passed the Nexus audit with flying colors and are targeting other audits in the near future. Community is very active and Twitter shilling competitions are taking place 24/7. Devs are very dedicated and transparent, they hold 2 AMA sessions everyday to provide the community with the latest updates and listen to suggestions! + +&#x200B; + +The branding has enormous potential, merchandise looks dope as well, all profits of which will directly go to the Shiba Rescue Charity organization. First donation of $5k already took place! + +&#x200B; + +There is a 11% tax per transaction: 6% of which will be added to the liquidity pool, 2% will be redistributed to all holders (including the burn address, increasing the value of the token over time) and the remaining 3% will go to the giveaway wallet which will be used to reward holders! + +&#x200B; + +Liquidity is locked and ownership renounced. + +&#x200B; + +📱https://t.me/babyshibatoken + +&#x200B; + +🌎 [https://babyshibatoken.com](https://babyshibatoken.com) + +&#x200B; + +🐦 [https://twitter.com/BabyShibCoin](https://twitter.com/BabyShibCoin) + +&#x200B; + +📄 0xaecf6d1aff214fef70042740054f0f6d0caa98ab +Elliott wave apprentice here. I previously made [an elliott wave prediction](https://www.reddit.com/r/Superstonk/comments/oa0lr1/elliott_wave_apprentice_prediction/) as practice since I'm currently reading the Elliott Wave Principle book and learning the concept to peer review Elliott Waves Guy u/possibly6's work. + +I'll be honest, this elliott wave stuff seemed obscure, unclear and confusing before I started reading the book. There are many rules and guidelines within elliott wave theory to know. The rules are laws which cannot be broken, and the guidelines are sometimes broken, which makes things even more confusing at first but just accept it for now. If you try to follow EWG's posts to the fundamentals, it might be tricky too since he lays out the fundamentals across multiple posts from a long time back. + +I'm going to try to break it down to the bare essentials that you need to know for our current situation in GME, all in one post, so that you can understand the main elliott wave bull thesis for GME right now, the Elliott Wave Tsunami (not an official term). + +# 1. Price moves in the direction of the trend in 5 waves + +The overarching trend of GME since March 2020 is up. + +[Trend is up since Mar 2020 \(log scale chart\)](https://preview.redd.it/t133ncw0xo871.png?width=1465&format=png&auto=webp&s=0e5822195e4b72b5002081d3c156e665182a8c3f) + +So from now on I'll just talk about up and down in the context of GME (in elliott wave lingo, we would normally be talking about trend and countertrend, since the overarching trend can also be down). + +When price moves in the direction of the trend, it moves in 5 waves. Here, the 5 waves are **up, down, up, down, up**. + +# 2. The down waves are never as large as the preceding up waves + +They are often -61.8% the height of the preceding up wave, sometimes -50%, -78.6%, -85.4%, -38.2%, -23.6% (which has to do with fibonacci ratios if you're interested). + +# 3. Wave 3 is often the most powerful and longest wave up + +It is often 161.8% the height of wave 1 and wave 5, which are often equal in height. Sometimes it is 100%, 161.8%, 200%, 261.8%. Sometimes more. + +# 4. Wave 4 can never overlap with wave 1 + +It's just a rule. + +# 5. Each wave is made of waves + +That is to say, prices move in waves at every level of scale. A move up in 5 waves has three waves which are up: waves 1,3 and 5. Each of these waves is also made of 5 waves, because it is a move in the direction of the bigger wave. + +# 6. In real-time wave counting, it's normal to have to be recounting your waves based on price developments + +Real-time wave counting is an art and a science. Because we don't know the future prices, we cannot say for *certain* which wave we are in right now. But, we can make some damn good guesses by looking at the movement of prices and understanding the guidelines of elliott waves (many of which I've omitted here). For example, when wave 2 retraces to a fibonacci level, and then makes significant upward movement, we can expect that wave 3 has started. + +# 7. Elliott waves talk about price targets, NOT about time to hit the targets + +There are some guidelines as to how long each wave should take relative to each other, but in general, elliott waves show a set of price targets but does NOT predict **WHEN** those targets will be hit. + +EDIT: The wave 3 peaks in the following images are NOT there to predict when those wave 3 peaks will be hit. They are only there to show the tentative price targets for those wave 3 peaks. + +# 8. We are in wave 3 of the move since March 2020 + +[Wave 3 in the move since March 2020](https://preview.redd.it/a7azjbtwzo871.png?width=1460&format=png&auto=webp&s=810a94f0f8df3f3505dcfef6ee2aa5e06dc5317a) + +I've drawn wave 3 at 161.8% of wave 1 here, which ends at around 820, but we don't know how big wave 3 could be. It could be 550 or 1300. We don't know. It's just likely to be around 820. + +# 9. Zoom in. We are in wave 3 of the move since 19 Feb 2021 + +Go back and read (5) again. Waves are made of waves. So let's count the waves for wave 3 of the move since March 2020. I made the bigger wave yellow this time. + +[Wave 3 in the move since 19 Feb 2021](https://preview.redd.it/04mhzv7r2p871.png?width=1461&format=png&auto=webp&s=b35ed110700a6a0ddfb5079514bcf7023d1c6470) + +Yep we're in wave 3 here too. How do we know that peak at 8 June wasn't the end of wave 3? Because of (4) - Wave 4 can never overlap with wave 1. So we know that wave 3 hasn't ended. Tentative price target for this wave 3 is 625. + +# 10. Zoom in more! We are looking like we're in wave 3 of the move since 25 March 2021 + +[Looks like wave 3 in the move since 25 March 2021](https://preview.redd.it/3k3rq0y45p871.png?width=1455&format=png&auto=webp&s=d84a1b6c9b6d7f0bc774c8abacc743dffb339ee2) + +I've marked the move since 25 March 2021 in purple. We have a clear wave 1, but now we're waiting to confirm that wave 2 has been completed, before we start wave 3 to the tentative price target of 576. + +One reason to believe that we've completed wave 2 and are starting wave 3 is because we've just about retraced -61.8% from wave 1, which is the most common retracement level. It's also possible that wave 2 isn't over and goes down to -76.4% from wave 1 (which would be 164) before we start our wave 3. + +# 11. Enhance! We might be ending wave 2 of the move since 3.30pm, 25 June 2021 + +[Wave 2 of the move since 3.30pm, 25 June ending?](https://preview.redd.it/gv6brtnf7p871.png?width=1470&format=png&auto=webp&s=3f5653b64178a5022d50c8ecff672502b4015115) + +Let's zoom in to the wave 3 again. Waves are made of waves, I'm sure you know by now. We've been in a wave 2 for a while now since the bump near russell rebalancing. + +I previously predicted that we might end wave 2 at -50%, but was too hasty in calling it. It's one lesson that I've learned. We need to see significant upwards movement before calling the end of wave 2. EWG predicted wave 2 ending at -61.8%, the most common retracement, but yesterday we also broke that barrier, we're now at the -78.6% level (EDIT: EWG himself commented below showing that we actually nicely hit the next fib level, -85.6%, which is an even better indicator that we're at the end of wave 2), which is another likely level for the end of wave 2. And you know what comes after wave 2 right? 🚀 🚀 🚀 🚀 + +# Elliott Wave GME Bull thesis and TLDR + +Wave 3s are the biggest upwards movements. + +We're now looking to be ending wave 2 in the move since 3.30pm, 25 June 2021 around our current price level. + +This would put us in: + +* the wave 3 of the move since 3.30pm, 25 June 2021 +* the wave 3 of the move since 25 March 2021 +* the wave 3 of the move since 19 Feb 2021 +* the wave 3 of the move since March 2020 + +The tsunami is coming... + +**🌊🌊🌊🌊🚀🚀🚀🚀** +Hi, I'm an international student in Sydney, Australia, currently renting in an apartment with my friend. We're both struggling financially. I am right now jobless, while my friend is holding two jobs. To make things worse, my landlord is now asking us to pay a year's worth of internet bills, worth over $1000. This much money we can't source in such short a time. + +This was NOT in our previous agreement, as it was stated by him that the previous owner of the apartment paid for the internet bills because of good will (fellow countryman). + +I have begun looking for written proof, in text messages and internet correspondence, where he said that internet payment is unnecessary but so far, nothing. Any and all advice on how to dispute this payment is highly appreciated. + +UPDATE: Hi everyone! My landlord decided to waive the internet fee. However, my internet will be disconnected and I have to pay for my own ISP from now on. Will reconsider moving after my lease is up. Thank you for all your help! +So I'm wondering where should I focus to not leave a burden on my husband? I have student loans mostly but so does he. I'll be leaving him to care for my daughter as well so it's important to me I don't leave things bad when I go with my debt and medical bills. +I lived paycheck to paycheck and am trying to get on disability since I'm losing the use of my hands but there has to be more options, right? +As the title says, I'm about to finish paying off my (substantial) Uni debt, which has led to me doing some self reflection on what my goals were before I started, and where I'm at with my career / personal life now. I thought this might be valuable for those who are considering studying an MBA in Australia or provide an opportunity to ask some questions. Feel free to not read the post in its entirety and just ask a question. + +I'll start with a bit of background. In 2015 I was working as Business Development Manager for a global company, selling engineered products into mining operations in WA. I had 7 years' experience in the industry with roles in sales and sales management. I was earning around $80K a year + a company vehicle + super, no commission. My performance in high school was pretty average; no TEE (what's it called now?) subjects and I cruised through without doing any homework or study and graduated in 2005. My primary drivers for looking into an MBA were to challenge myself academically, open doors into other fields if I decided to change career paths, and earn more dollarydoos. + +I decided to study with AGSM (Australian Graduate School of Management) due to their reputation and at the time they were offering WA based intensive lectures in phase 1, with phase 2 being intensives in Sydney. All up the fees were around $88,000 + flights + expenses, so let's call it $100K because I went on a study tour of South America with them. You don't need an undergrad degree to get into an Executive MBA in Australia. Some universities will however ask for entrance essays or some example of academic ability. + +My reflections: + +* It was a constant source of pain to see so much of my pre-tax salary taken out of my pay. Especially before graduating when I wasn't earning a higher salary. I didn't budget for this well enough and I was stretched at the time. +* The experience itself was fantastic. I met some wonderful people, and made a few lifelong friends. It isn't an understatement when people say that the main takeaway from an MBA is the networking element. There were people from all backgrounds, in one class we had a GP and an ex-army Sargent. +* While I only use about 20% of what I studied (everyone loves a made up statistic), it has given the functional knowledge to engage with most core aspects of a business. In saying that, you need to accept that you won't be a master of anything. I'm not a chartered accountant, I did one unit in accounting, so I can't expect to be as knowledgeable as our Financial Controller. Some people think an MBA instantly makes you a business god. It really doesn't. +* The attrition rate was high. AGSM's Exec MBA has two phases, with the first being 8 core units and the second being 4 capstone units. If you didn't average 65% in phase 1 you didn't get into phase 2. A lot of people dropped out within the first few units. It's not easy and it's not for everybody. Time varies from person to person, but I studied around 15 hours a week. +* 5 years' after graduating, I am now in far more senior position than I was when I started, and my salary has grown to just shy of $200K PA, excluding bonuses. +* Some (key word) companies genuinely care about the MBA in Australia. No it's not like in the USA, but it opened doors for me. An example is the last company I worked for, I was approached via LinkedIn by a VP of Sales in Australia who graduated from AGSM. It was a pre-requisite for the role he was recruiting for. In my current business, it's an unspoken rule that at a certain level, you need an MBA to progress. +* Some senior leaders in businesses I've worked for have a bias for 'higher ranked' providers, some don't. For me if someone's demonstrated they can complete an MBA, especially when working full time, that's a positive thing. + +I hope this is helpful or interesting to someone. Would love to hear from others with an MBA that differing views, I'm passionate about the topic, though I'll admit I'm lucky to have had such a NET positive experience. + +Edit: Even without the salary uplift, knowing what I know now and how I feel about the whole thing, I would do it again. + +Edit2: Broke out a couple of acronyms. +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 been learning about forex and trading for a while now and almost all or the major stratrgies involve liquidity i have been searching everywhere i can(which is youtube and google ofc) but i still cant quite wrap my head around the concept.If anyone can help and if possible even some materials or links to learn it would be much appreciated. +Hi prudent redditors, + +My niece’s first birthday is coming up next month. I have a plan of gifting her shares every year, so she could liquidate them when she turns 18 - maybe for education. + +I have a couple of questions regarding this - + +1. How to purchase equities for such a long tenure - 18+ years. I guess it has to be a collection of blue chips that have high chances of surviving the years. + +2. How to transfer the ownership of the shares to my niece, who obviously doesn’t have a demat account. + +3. Are index funds / mutual funds a good option for this ? + +To the future and well being of next generation! +I have been investing in Axis long term equity for quite sometime and have amassed a portfolio close to 10L. Even though it has been underperforming for quite some time as compared to its peers and the index I was confident in its long term prospect. However only recently I have started doubting my decisions and would like to know whether I should continue with the fund or move to a different for long term fund. Thanks in advance. +Take advantage of the EV goldrush by completing the EV Trifecta + +As you may already know, we are currently in the midst of an EV goldrush. Early adopters, investors, and gamblers will be rewarded for identifying these opportunities and capitalizing on them. + +One way to ensure that you gain enough exposure to capitalize on this this gold rush is by completing the EV Trifecta, which are: + +1. EV Manufacturers +2. Raw materials for batteries +3. EV charging stations + +I will go into a bit more detail on each component of the trifecta: + + + +1. EV Manufacturers - These are companies that develop and manufacturer EV for the public to new purchase. There is a lot of EV manufacturers that are going public, some of them will be achieve market dominance, while others will dwindle away \*cough\* NKLA. These are some of the EV manufacturers that are available for the public to invest in: TSLA, NIO, XPEV, KNDI, LI, SHLL, PIC, HCA(C), SPA(Q). Currently, TSLA is the market leader in this industry and also have the first mover advantage, and this is clearly reflected in their stock price. All the other EV manufacturers are up and coming and will have lots of run room as EVs become more prevalent in our day to day lives. + +2. Raw materials for batteries - The logic here is that as demand for EV increase, so will the demand for the raw materials used to create the batteries for the EVs. Simple economics 101 states that as demand increase and supply decreases, price should increase accordingly. These are the current raw materials companies that have a spotlight on them: LA(C), VAL(E), PLL. PLL is the only raw materials company that have a public contract with TSLA and has been halted for weeks because of this news. PLL will definitely be a hot buy once it unhalts. + +3. EV charging stations - In order for EVs to be come more prominent in our day to day lives, there needs to be a proper infrastructure that will enable that. One of the biggest concerns in regards to EV is range anxiety - drivers don't want to be left stranded if they forget to charge their vehicles overnight at home. Having charging stations that are widely available will help combat this risk. The EV charging station market is relatively untapped, and this market will grow along side the EV market. The key players in the EV Charging station are SBE, BLNK, SPl. SPl had an insane run up last week when they announced their EV initiative, their share price increased over 3000% from $1.50 to over $40 (this was short lived though). BLNK is a mixed bag, there are some complaints in regards to the quality of their charging stations, but hopefully they'll improve over time. SBE is a SPA(C) merger to bring Chargepoint public. Similar to TSLA, Chargepoint is the market leader in the charging station space and also have the first mover advantage. Chargepoint currently has hundred of thousands of charging stations across North America (US and Canada) and is expanding into Europe. Their products can be purchased via their home website or Amazon and have great reviews online. + +By completing the EV Trifecta you'll ensure you have proper exposure to the EV goldrush. I'm sure I missed a few companies, so please feel free to mention them and add any additional details that I might have missed. +Currently I have a S&S ISA with HL. I own about £10K of shares in Vanguard’s US Equity Index tracker. Every time the £ slips 1%, my portfolio goes up 1% as a result and vice versa. + +Is anybody else hedging against this or are you not worried about the currency fluctuations? It just seems like added volatility/risk having to rely on either currency and I’m not sure if this would be for the best long term. +You have to admire the incredible consistency of + +1) The DD Writers + +2) The TA analysts + +3) The Trust Me Bro Bros + +4) The Options Push Dudes + +Each and every date prediction has been consistently wrong + +There's a very simple reason for this + +They are considering every small piece of the puzzle by itself. They are not looking at THE ENTIRETY of what is going on + +************************************************************************* + +well, here to save the wrinkle brained, and perhaps the smooth brained too, I present to you + +The One Theory to Rule Them All -> The Price is 100% Fake Theory + +************************************************************************************** + +Let's start with Total Retail Swaps and Cycle Theory + +Cycle Theory is an approach that did pattern recognition and figured out that the stock price of GME and of all the Heavily Shorted Stocks moves in a 3 month cycle + +The fathers and mothers of this theory were + +PWNWTFBBQ - based on mathematical analysis + +Astro - based on Studying the Charts and Identifying Patterns + +Criand - based on Total Retail Swaps DD (the theory that all the heavily shorted swaps are all in a Total Retail Swap/Bundle and on the books with Banks) + +This theory is 100% accurate when looking back and 0% accurate when looking forward + +There is a simple reason for that -> 3 month cycles were a 'CONVENIENT' time. It was literally someone writing code and putting in 3 months loop because the wanker was too lazy to code another 3 weeks and add a 3 year loop (which would be almost impossible to catch) + +Once the cycle was found -> algorithm can get adjusted. it cannot ESCAPE its never ending loop that did not account for Buy, Hold, DRS. Yet, the cycle can be moved out + +It can change the times of the cycles and when stock has to 'adjust'/'jump' + +The reason for the 'jumps' was to make it seem REAL movement. It had NOTHING to do with all the prophesized 'reasons' for the 3 month cycle + +********************************************************* + +The one really important thing that these 3 theories/observations did do is + +Showed us the path i.e. everything is just an algorithm + +There is ZERO significance of Buying and Selling + +Our esteemed 'It's only been X weeks' dude, GG, also confirmed this by admitting that 90% to 95% of retail trades never hit lit market + +GG has admitted it + +Are we still going to believe that 5% to 10% of retail orders can affect the stock price in any meaningful way??? + +********************************************************************* + +CYCLES -> Their part is simply to show that + +IT IS ALL AN ALGORITHM + +And that whoever coded the algorithm to PRETEND there was natural stock price action made two mistakes + +A) Made the pattern repeating - every 3 months + +it also repeats between days and weeks and months sometimes. Where one day will look like 2 months ago, etc + +B) Made the algorithm unable to handle the possibility that retail goes Full Retard and doesn't sell whether stock spikes or falls + +****************************************************************** + +II. Technical Analysis + +Now we will talk about Technical Analysis + +TA is incredibly important BECAUSE + +A) A lot of people believe in TA + +B) A lot of people are sitting on the sidelines WAITING for the RIGHT TA SIGNAL + +Now, what happens when + +Stock Price is completely FAKE + +AND ALSO + +Lots of TA Analysts and TA believers are waiting for THE SIGN + +Unlike Ace of Base, they NEVER see The Sign + +Why? + +Because at every point of TA Break out + +-> Just manipulate the stock price down + +Every point of possible TA breakout - FAILS + +*********************************************************** + +Whether or not you believe in TA + +there is something that should strike you as AMAZINGLY CONSISTENT + +Every single TA breakout point - has had a drop + +So, either TA is PERFECTLY OPPOSITE of what is going to happen (and we know that whether TA is accurate or not, it can never be PERFECTLY 100% INACCURATE) + +or + +The stock price is COMPLETELY FAKE + +and every time there is about to be a TA breakout and people are excited and TA dudes are ready to jump in to GME + +There is a BREAK in the TA pattern and stock drops + +How can it be 100% + +TA dudes are not Cramer + +Heck, even Cramer is not 100% OPPOSITE of right all the time + +TA being 100% INACCURATE at predicting Break out Points is Mathematically IMPOSSIBLE + +If it were guesswork - it would be right half the time + +If it were valid (who knows) - it would be right 55% to 75% of the time + +For it to be 100% wrong + +For every TA break out to not happen + +What does that mean? + +That means SOMEONE is ENSURING the stock FALLS instead of rising Every Single Time there is a TA breakout incoming/about to happen + +They want to ensure an army of TA believers does not pile into GME and trigger GME MOASS + +*********************************************************************** + +The big takeaway we take from all TA is not whether TA works or not (who knows) + +It is that + +On GME, TA is wrong 100% of the time when a big breakout is predicted/ supposed to happen + +That is only possible if + +The price is COMPLETELY FAKE + +and SOMEONE can show whatever GME price they want + +And they are SPECIFICALLY TARGETING GME Price at every point where GME could technically break out + +******************************************************************************* + +I. Cycle Theory + Total Retail Swap Theory + +and + +II. TA + +both point to the EXACT SAME THING + +It is all an ALGORITHM + +The Price is 100% FAKE + +There is NO way to affect the price because People who control the price can put ANY price + +Due Diligence is useless because they can put price at anything they want + +TA is useless because it is 100% Inaccurate because stock drops every time there is supposed to be TA Breakout + +Stock is DROPPED at every point that there might be a breakout + +--> + +BOTH are telling us the EXACT SAME THING + +It is all an Algorithm + +The price is completely FAKE + +Due Diligence cannot work + +TA cannot work + +******************************************************************************* + +III. Options Pushes and the Belief that Options can 'put pressure' on Market Makers and SHFs + +For the last 12 months we have had these Options Pushes + +Earlier it was subtle (July 16th, 2021 + Sep 9th, 2021) + +Recently it is very In Your Face + +******************************************************** + +What is remarkable is that + +A) Option Pushes always seem to line up with the Cycle Theory + +B) Options Pushes line up with TA a lot of the time + +C) Options Pushes ALWAYS lead to rug pulls + +July 16th, 2021 + +Sep 15th, 2021 + +Nov 23rd, 2021 + +Jan 31st, 2022 + +Feb 18th, 2022 + +(for some reason an incredibly impatient new date) Feb 23rd, 2022 + +Options Push dudes are incredibly inaccurate. Somehow they get it 100% wrong + +They must be related to TA guys + +OR + +Perhaps + +The options push never works and predicted dates never work + +Because + +THE PRICE IS COMPLETELY FAKE + +**************************************************************** + +What do Options Pushes guys do? + +They find places and dates where there is a Gamma Ramp + +They find dates where SHF have liquidity issues and IN THEORY are weak + +They make a push to buy In the MOney Options and At The MOney Options + +hoping that - Market Makers will have to hedge + +Then the price will go up + +Then that will make more calls in the Money + +Then they will exercise their options + +Then Market Makers will have to hedge + +Then price will go up more + + +IN THEORY - this is very sound + +In practice - it doesn't work AT ALL + +Please look at dates like July 16th, 2021 and Sep 9th, 2021 and most of all Jan 21st, 2022 + +There is NO WAY IN HELL these dates could have gone by without GME MOASS + +until and unless + +Market Makers are NOT HEDGING + +AND ALSO + +Price is COMPLETELY FAKE and is brought down JUST ENOUGH to survive Gamma Ramps/avoid Gamma Ramps + +************************************************************************** + +Suddenly we come to a shocking conclusion + +The complete and utter failure of Options Dudes to trigger Gamma Ramps and MOASS + +is not because they are idiots (well, some of them give it a good shot) + +it is due to EXACT SAME REASON + +- all the DD writers fail in their predictions + +- all the TA guys fail in their predictions + + +THE PRICE IS 100% FAKE + +That's the theory + +The Price is 100% Fake + +*************************************************************************** + +People are giving various reasons for why dates are not working + +The actual reason is INCREDIBLY SIMPLE + +1) DD Dates are not working -> It assumes the system has some honesty in it. That SHFs are pushing some levers to adjust price. That Apes can push other levers to fight back + +In reality - The price is COMPLETELY FAKE + +So Apes don't have any levers to affect price + +Apes have other levers. However, NOTHING WHATSOEVER to show an honest price + +---> net conclusion: The Price is 100% Fake + +**************************************** + +2) TA Predicted Dates of Break out are not working + +Every single point of TA break out is failing. How is that even possible -> until and unless the price is COMPLETELY FAKE and SHFs are targeting EXACT points of TA breakout + +to avoid FOMO from TA Dudes + +to kill morale + +Again, net conclusion -> Price is 100% FAKE + +*************************************************************** + +3) All the options pushes are failing + +Gamma Ramps are being ignored COMPLETELY + +Price is always falling to a price where SHFs can escape every Options Apocalypse + +It is almost as if price is adjusted to ENCOURAGE spending on options and then DROPPED at the point where Options might blow up the system + +Again, no one can be 100% inaccurate all the time + +Options Dudes have been predicting dates for a year + +Gamma Ramps have been MASSIVE for a year + +For NOT A SINGLE DATE to work out + +net conclusion -> The Price is 100% Fake + +****************************************************************** + +What the sub really needs is UNITY + +Instead of all these theories that want AGENCY (a feeling that Apes can control the stock price and trigger MOASS) + +ACCEPT that Apes can control A LOT of things + +PRICE of the Stock is not one of them + +There is not a SINGLE date where Apes have had control of the stock price + +Not one day + +How can you win a game + +WHILE playing on a map controlled by SHFs + them adjusting it on the fly to keep benefiting themselves + +PERHAPS + +The path to unity is to understand + +THE PRICE IS 100% FAKE + +No Due Diligence is going to save anyone + +No TA is going to predict anything + +No Options Push is going to do anything + +The Price is 100% FAKE + +************************************************************** + +Price is 100% Fake Theory + +you might not like it. it might take you a lot of time to accept that 'not only is life not fair, it is completely rigged against you'. + +yet it is inevitable + +It fits PERFECTLY. not just the past. It fits perfectly THE FUTURE + +************************************************************* + +The thing that is going to UNITE the sub and also UNITE all of Retail + +Is the understanding that + +The Price is 100% Fake + +The Market is 100% Fake + +Market is designed to take money from honest people and shift it to dishonest people + +WHILE giving honest people a nice fake chart with ups and downs to make them feel their buying is actually doing something to the stock + +The Most Effective Stock Market to steal money is one where All the Prices are 100% Fake +https://www.cnbc.com/2019/12/30/tesla-shanghai-factory-is-reportedly-making-1000-model-3s-per-week.html + +Tesla is producing its Model 3 electric vehicles at a rate of 28 per hour at its new Shanghai factory, which was built and began vehicle assembly in just under a year. + +Earlier this month, Tesla secured a $1.29 billion loan to advance construction and production at the Shanghai facility. + +Its China-made Model 3s are selling for around 355,800 yuan (or $50,000) before subsidies. +As a mid 20’s year old I finally find myself with a career that finally can pay the bills and do the things I want to do in my life. Naturally I’m looking into the future to further the things I want to do / retire sooner etc etc. as the “meme” stock crazy started I found myself wanting to play around in the market as I finally could. I messed around with DOGE, AMC etc but I finally wanna make actual wise moves. My friend told me to come here. I have looked into VOO, looked into VTI, SPY, QQQ, etc. my question is, after doing some research, that most people say the market is overvalued. I understand history says to not over think it. Is this a good time to buy in, in a large amount? Should I wait for a large dip? Generally need some reassurance that I can dump a relatively large amount into 1 or 2 ETF’s is a wise move. Simply I want any sort of gain that is better than a savings account. Anything at all will be helpful. I apologize in advance for coming off dumb or uninformed. Really want to start learning and I feel as though I don’t know where to start or what to listen to. Thank you in advance. +Hi everyone, I’m hoping to get some advice as I transition my individual stock portfolio and some extra cash, in aggregate ~$75k, into an all ETF portfolio for the long-term. + +For a quick background, I’m 24, have higher risk tolerance and am looking to add to my positions through biweekly income. + +A couple of my questions I have are below, but I’m open to any additional pieces of advice as well. + +1. What is the recommendation to invest this capital? I understand valuations are at or near all-time highs and there is macro uncertainty looming which may weigh on future valuations. With this in mind, would dollar cost averaging be the most effective approach? If so, what interval and how much capital should be deployed each time? + +2. What is the ideal number of ETFs to hold in a portfolio? + +3. For an investor with my risk profile, are there any specific ETFs you’d recommend? I’ve seen multiple posts referencing VT, AVUV, AVDV, SCHD, QQQ, QQQM, VOO etc. I’m open to suggestions on selections and weighting. + +Thanks in advance for the help. I appreciate it! +Hello, I'm fresh to all of this, here's a fast & simple breakdown; + +I make 2200$ a month, I have a kid due in October and will soon join Fatherhood. + +I'm interested in getting into the StockMarket, Starting Businesses, & RealEstate. + +If you have apps, brokers, books, guides to information, or our a teacher yourself, I'm interested in learning. For now, I can splurge the money on whatever, I looked at buying a couple things, and didn't really think "ooo this is what I WANT" + +I have 3 days of freedom currently, and I got to thinking, how can I buy time? I want the luxury of time bought back, time with my Child, my wife, to play games, or to not be stressed on affording a car, or later on a home. + +If someone can give a breakdown of: Get this app, invest in this, go buy these books, buy this class, I can spend my 3 days a week on the learning, and investing, and grow. + +The seeds been planted. But what I'm really after are the tools to learn how to nurture, care, and see it grow. I won't have a tree overnight. + +But I'd love to get to a point where I could earn 5k a month, and tell my employer I'm out. + +Without poverty, fears, and suffering being the door that would open when I chose to. + +If you can even in the slightest point me to the best place to start, or even a guideline path, I'm here to listen, observe, learn, and grow. + +Thank you all for your time. +I feel like I'm seeing a lot of investors try to pick thematic ETFs in sectors like oil and energy now that we're in bear market territory and indexes don't look as appealing as they used to. Feels like a good time to bring back this [comment](https://www.reddit.com/r/investing/comments/se1nzr/comment/hugk3if/?utm_source=share&utm_medium=web2x&context=3) I made a while ago about how I learned that thematic ETFs don't actually don't align with the fundamentals of investing when you break it down into what you're really doing. Definitely one of the more compelling arguments I've heard and worth listening to for all investors RN in spite of the fact that everything is getting crushed. + +>I was listening to a [podcast](https://open.spotify.com/episode/0ijwnRMl39Pxhpy80rCiyC) a while ago where the host made this great point that thematics ETFs just... aren't how investing works. The whole idea rests on a completely false premise. First off, most of the businesses in a given sector are going to be COMPETING with each other, and then there's the fact that most of them will probably fail anyway, or at the very least not outperform the index. Prior probabilities: only one are two names are likely to outperform, and the fund's net performance will be dragged down to average (at best) by the rest of them over the long term. And then you're paying ridiculous expense ratios for the privilege. +> +>It's like Warren Buffett says, at the beginning of the century there were like 100 car companies in the United States. Now there's 3, and they all had to be bailed out by the government 15 years ago. Investing in an automative thematic ETF in 1920 would not have been a very good play. This is despite the fact that the entire country is basically a freeway. + +Have yet to hear a good counterargument against this guy's podcast other than the past performance of random funds that have no guarantee of continuing to outperform in the future (see: ARKK.) +I hope this doesn’t come across as a snarky post, though I’m afraid it might on accident, but I really am honestly curious. Why do people on this sub have portfolios with multiple different ETFs? I have two, one for long term growth which is like 80% of my savings and one for dividends, because my monkey brain likes the monthly payouts lol. The reason I got into ETFs is because they’re already diversified for me, so i don’t have to worry about that. So, why do people have portfolios with like 7 ETFs? If your stock portfolio had that many individual stocks I’d think you mad, but with ETFs it seems totally unnecessary, no? Why do people have “diversified” portfolios of an already diversified stock pool? It seems popular, so I wanted to make sure I wasn’t missing something important. +Hi all, + +I'm a beginner in investing, trying to create an ETF portfolio (5-10 years). I'm fine with some risk exposure. Any feedback would be appreciated! + +iShares Core MSCI World UCITS ETF USD (Acc) - 15% +iShares Core S&P 500 UCITS ETF (Acc) - 35% +iShares MSCI World Small Cap UCITS ETF - 10% +Lyxor Nasdaq 100 Daily (2x) Leveraged UCITS ETF - Acc - 10% (some risky stuff) +VanEck Vectors Semiconductor UCITS ETF - 15% +Xtrackers MSCI Emerging Markets UCITS ETF 1C - 15% + +Thanks in advance! +I'm 24 and recently bought a 2b unit in Perth and I have a pretty good feeling that a lot of my friends may ask some invasive questions about it when I move in. + +I'm not sure what it's like in other generations but I've noticed a lot of people my age seem to have no issue with asking how much their friends earn etc. I personally never ask as I firstly don't care and secondly wouldn't want to put someone in an awkward position. + +How do you feel about this? How do you approach it? + + +[Start with this post](https://www.reddit.com/r/Superstonk/comments/ombmj8/i_smell_bullshit/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) This user lays out a pretty damning case against the creation of the sub and how inorganic its initial growth was. At the time of the creation of Superstonk, I’ll admit I wasn’t as suspicious as I am now. The OG GME sub seemed to have been compromised (which now appears to have been premeditated) but at the time, it felt that apes were truly looking for a safe haven. SS conveniently came to the rescue. + +Almost two months ago, I noticed a significant fluctuation in online presence within Superstonk [thread here](https://www.reddit.com/r/Superstonk/comments/no2mm0/this_sub_just_went_from_85000_users_online_to/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) where 60,000 users logged off within a few minutes of each other. I felt it was oddly suspicious that over 60,000 users "logged off" at the exact same time. I kept my eyes locked on the online count, and interestingly enough they all logged back on after about 20 minutes. My bull shit meter turned up to 11 and I began monitoring this subs online activity on a regular basis. People initially doubted me saying it was probably a Reddit server issue, but users began to notice it was happening all across other meme stock subs like the m0viesub, DoubleU S B, and even the KrypT0 subs. + +The next time I noticed a similar fluctuation of online users, I made a post which was nuked by automod (for no no words) with data I had collected from all kinds of subs, including data from control subs like DND, Rupaulsdragrace, subs that have nothing to do with the stockmarket. Turns out when the fluctuation happened, those subs were not affected in online presence. Only “meme” stock subs were. [thread here for those who are curious](https://www.reddit.com/r/Superstonk/comments/nwcult/once_again_this_sub_just_went_from_150k_online/?utm_source=share&utm_medium=ios_app&utm_name=iossmf). At that point to me, it suggested it wasn’t a Reddit issue. To me, this screamed bot activity. My initial thought was, Hedgies have infiltrated, but so what? We knew they were lurking here. But now after this weekend of Pinks whistleblowing and evidence leaked of compromised mods, I wonder if Hedgies had help from the inside, from our own mod team. + +Here comes the tinfoil hat. I believe that when we saw large fluctuations of online users, it was bots going through scheduled updates. What kind of updates? Well, if these bots are controlled by our mod team, then I think they were possibly using information collected by our very own SATORI. Let’s be honest, what do we really know about it? It’s a program that learns human behaviors to find “shills”. That's all we've really been told. What if its real purpose is to learn ape behavior to blend in? Or worse, collect our personal data to be used to dox apes on a massive scale. + +After reading the statement from our mods about this weekends shitstorm, how they essentially gave every ape here the middle finger by allowing Red, Ren, and Madie to remain as mods, I’m willing to believe that most mods (if not all) aren't just willfully ignorant, but are in bed with Citadel and that SATORI’s true purpose is to be used against apes, to learn behavior, to blend in, divide and conquer from within, and strike when the time is right. I believe with the massive amount of options expiring last Friday, they knew this would be the perfect time to raise all hell. + +On a side note, I believe mods (specifically Red, Ren, and Madie) have been orchestrating the removal of Pink for quite some time. Do you all remember June 9, when this sub was flooded with comments and posts around Pink giving an interview with CNBC and we found out it never happened? Want to know something interesting? June 9 was the date of the second time that I noticed that 100k online users logged off at the same time. + +Edit: seems like OG GME was already onto [this](https://www.reddit.com/r/GME/comments/nsnl20/i_need_to_ask_a_few_questions_about_satori_if_you/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) when SATORI first came out +S&P-500 performance over several decades summarized pictorially + +- https://imgur.com/TAIBwqH + +- https://amp.businessinsider.com/images/52950f6a69bedd9d4346b35b-960-720.jpg + +- http://amarginofsafety.com/wp-content/uploads/2014/01/Return-Histogram-Through-2013.jpg + +- https://www.macrotrends.net/2324/sp-500-historical-chart-data + +If anyone has any more interesting pictorial images to share for the S&P-500's historical performance, please share in this thread. + +This thread was accidentally deleted. Re-posting it. +Are you just starting out your independent life, and looking for financial advice on how to adult? Have we got a forum for you! Here's a collection of pointers to topics of interest to many 18-year-olds; the specifics pertain to the US in some cases. These are topics we get a lot of questions about in /r/personalfinance. + +If you don't see your favorite topic here (e.g. houses, retirement accounts, investments, etc), stay tuned for additional posts coming shortly, oriented towards 22-, 30-, and 40-year olds. (Here's [ELI22](https://www.reddit.com/r/personalfinance/comments/4tlqsd/eli22_personal_finance_tips_for_older_young/).) + +- To start out, you can benefit from [this article](https://www.reddit.com/r/personalfinance/wiki/teachme) with planning and education advice for those in high school, and recent grads. + +- The big change in your life at 18 [19 in Alabama/Nebraska] is you are now legally an adult for contractual purposes, so time to get [bank accounts](https://www.reddit.com/r/personalfinance/wiki/financialinstitutions) in your own own name, i.e. not with your parents. You want a savings account and a no-monthly-fee checking account. Small banks and credit unions typically have [better customer service](http://www.consumerreports.org/banks-credit-unions/choose-the-best-bank-for-you/). + +- You're not going to get rich off interest, sorry! But you can find better savings interest rates (1%!) at [online-only banks](https://www.nerdwallet.com/blog/banking/nerdwallets-top-high-yield-online-savings-accounts/). Put away savings as soon as you can, it's a good habit to get into, and starts your [emergency fund](https://www.reddit.com/r/personalfinance/wiki/emergencyfunds). We'll cover investments and retirement savings in future posts; with limited or part-time income, savings are a better bet for now. + +- You can apply for a [credit card](https://www.reddit.com/r/personalfinance/wiki/creditcards) once you have income. This is different than the debit card your bank will provide with your account. This has pros and cons, but is a reasonable move for many people. It's the best way to independently establish credit without paying interest. A [secured](https://www.nerdwallet.com/blog/top-credit-cards/nerdwallets-best-secured-credit-cards/) or [student](http://www.creditcards.com/college-students.php) card is probably your best option. Pay the balance in full every month! If you can't do that, then you are not ready to use a credit card. + +- If you need money to continue your education, learn about [student loans](https://studentaid.ed.gov/sa/types/loans). This is a complicated topic with many options. Be careful what you do here, since these loans [will be yours](http://blog.credit.com/2015/06/what-happens-if-i-ignore-my-student-loans-84434/) / your parents until they are paid off! People who find themselves [in trouble](http://www.usnews.com/news/articles/2015/06/08/heaviest-college-debt-burdens-fall-on-3-types-of-students) later usually took out bigger loans (~$100,000) vs. smaller loans (~$20,000). + +- For cost-effective education, it's hard to beat [community colleges](http://www.marketwatch.com/story/four-reasons-to-choose-community-college-2013-11-15). If you're not sure what to do about continuing your education, look into [two-year degrees](http://www.payscale.com/college-salary-report/majors-that-pay-you-back/associate), as well as taking credits that [transfer to four-year colleges](http://www.usnews.com/education/blogs/professors-guide/2009/09/16/10-tips-for-transferring-from-community-college). + +- You may find yourself working part-time or even full-time. This is a good time to learn about your [rights and responsibilities](http://www.nolo.com/legal-encyclopedia/employee-rights) as an employee, including [how you are paid](http://money.howstuffworks.com/wage2.htm) and [taxed](https://www.irs.com/articles/understanding-payroll-and-withholding-taxes), as well as what your employer can legally do with your hours and even when you can be let go. Fortunately, taxes are low for most young people (if only because their income is low...), and you may even get a refund if you file taxes! While your lifetime income is the single biggest determinant in your personal finance situation, at this age, your priority is not on current income as much as preparing for the future, thus the focus on education. + +- This is also the time to start learning about [budgeting](https://www.reddit.com/r/personalfinance/wiki/budgeting) if you have significant responsibilities; more on this in future posts. + +- If you want to save money, live with your parents as long as you can. Seriously! But there comes a time when you want to / have to leave, and you'll need to rent a place. Landlords will want to see that [you have income](http://www.myfirstapartment.com/2015/06/how-much-rent-can-i-afford-on-my-income-two-simple-ways-to-estimate/), so try to keep payments below [30% of your takehome pay](http://www.apartmenttherapy.com/how-much-rent-you-can-really-afford-renters-solutions-186462). You may need a co-signer if you have minimal credit history. You'll need first month's rent and a security deposit up front, and even utility deposits sometimes. Read your lease before you sign it, and know your [rights and responsibilities](https://www.ziprealty.com/buy/renters-rights.jsp) as a tenant, and what organizations can help you if you encounter issues. + +- Roommates are a popular way to save money on rent. Be aware of the issues that can come up with roommates though, since circumstances change, and you may be on the hook for their share. Have all roommates on the lease. You might even want a [roommate agreement](http://www.nolo.com/legal-encyclopedia/free-books/renters-rights-book/chapter6-2.html). Perhaps Sheldon Cooper has it right after all? Alternatively, consider renting a room from someone who owns their own house. + +- Aside from rent, cars are the biggest expenditure for many young people. You can save a [lot of money](https://www.nerdwallet.com/blog/loans/total-cost-owning-car/) if you don't need to pay for one! It's not just the purchase cost. There's gas, repairs, and especially [car insurance](https://www.reddit.com/r/personalfinance/wiki/carinsurance), which is [very expensive](http://www.carinsurance.com/Articles/cheapest-minimum-liability-insurance.aspx) for young people, typically at least $100/month, and can even be $200/month in some places, or if you have a tickets / accidents. + +- Your best bet if you do need a car is to save up $5000 or so for a [reliable used car](http://www.carsdirect.com/used-car-buying/best-5-reliable-used-car-models), then pay cash, so you can avoid finance charges and make your own insurance choices. If you do need to finance a car, be very careful of financing offers for young people. Double-digit interest rates are a Bad Thing. You do not want to "build credit" that way! The loan and the car are different things. You can't give back the car and be done with the loan, since you will typically be "[underwater](http://www.edmunds.com/car-buying/being-upside-down.html)" and owe more than the car is worth. + +- Choose your spending wisely. Money spent is unavailable for anything else. Make sure it was your highest priority use of that money. + +That's all for now. Stay tuned for the next installment, [ELI22](https://www.reddit.com/r/personalfinance/comments/4tlqsd/eli22_personal_finance_tips_for_older_young/), about more on these topics, as well as retirement accounts, repaying student loans, health insurance, and other such fun things. +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. +Times are bad, and I know that many of us are 40-50% down on our blockfolio. So let me tell you one thing. + +I started taking interest in cryptocurrencies in the june of this year. Initially it started with following the prices and checking CMC daily. Then, in july the prices dropped and I decided that it was the right time to get in. I got in when ETH was at $200. In the early days, what I was doing was pure speculation. All i knew was that Bitcoin was a decentralized currency and that it had some great benefits. + +Some weeks later, I started reading and watching videos about the other coins. And trust me, when I learnt what Ethereum was, and what it could potentially do, I was shocked and got chills down my spine. This was right out of the sci-fi, for me at least. I kept on reading more and more, and there were times when I got so excited that I COULDN'T SLEEP AT NIGHT BECAUSE OF ETHEREUM. + +This is the kind of excitement you feel for something when you know that it's going to change the world, it's going to be the most formidable force in the entirety of existence. I was happy beyond measure because I would be living a revolution. My feelings and my certainty about Ethereum have grown only stronger. + +I want to remind you why you invested in ETH in the first place. Think of that before panicking, or fudding. + +Hope I could be of some help. +Bye bye, "heard about it on CNBC" guy. + +Bye bye, "Ooh, this is cheaper than BTC" Coinabse noob. + +Bye bye, "Better try this because it was mentioned on Netflix" dork. + +Welcome "I believe, even when GDAX is down" folks. + +We deserve to come up. The rest don't. +The theories of financial terrorism and systemic crime that were discussed in the early days have yet to be disproven. In fact, many of these theories now have publicly available data supporting these positions. Further, some financial experts have corroborated claims made here with examples of previous events demonstrating that crimes committed against GameStop’s shareholders and employees are just a “rinse and repeat” cycle of “short and distort” dismantling of American businesses. + +MSM, Wall Street SHFs, and MMs have failed to provide counterarguments. I believe there is still a $1,000 bounty for someone to disprove any of the major DD. Money is no object for them, but the call for challenging the DD remains. (~~Ape, I forgot your name, but can you add you old post to this thread.~~) \*\*EDIT\*\* I found the old saved post from u/FlacidPasta [https://www.reddit.com/r/Superstonk/comments/qk24ep/ill\_give\_1000\_to\_anyone\_who\_can\_disprove\_the/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/qk24ep/ill_give_1000_to_anyone_who_can_disprove_the/?utm_source=share&utm_medium=web2x&context=3) + +Every day that passes, my tits are more jaqued and the grip around my shares tightens. +Current position is $77k a year, 30 PTO days, $200/mo insurance premium with $7k out of pocket max for me and my child. + +New job would be $85k, 17 days PTO, $0 premium but $8k out of pocket max. + +Wondering how best to phrase it and if asking for 5 more days plus $90k seems like a fair counteroffer? + +I would honestly likely accept the job with just a week more vacation even if they don't go for $90k, as it's a significantly shorter commute and a much better position for my career aspirations. It's really the PTO that's holding me back. + +Edit: thanks everyone, I've decided to simply let them know my current PTO situation and ask if there is any wiggle room on that front. I will see what they respond, but thinking about the time saved from the commute and increase in salary I am very heavily leaning towards taking this job. +Just wanted to share to you all a milestone of our lives. I came to Canada with an open-visa (wife is TFW) so basically have to start from scratch, working odd jobs sometimes two at once, one morning shift and night shift. It wasn’t till after a year that I got a new job and moved to the city. + +Having no relatives here, we have to rely on ourselves for everything. Then one year after me and my wife had our first born. It was hard, especially my wife has to stop work to take care our our little one. This went on for 4 long years (her being a stay-at-home mom) so it’s obvious that money was tight. Even with my decent salary being an IT guy at a FI, I had to do a retail job on the sidelines to supplement our income. I know at that point we won’t be able to have enough to buy our first home. + +Our second daughter was born 4 yrs later just when my wife was just starting to go back to work, so off she goes to mat leave again. Our credit cards are maxed out, had a car loan that had way too much of interest, all the silly things a young couple could be wrong about, it happened to us. Thank God we don’t have student loans so at least manageable. + +Couple years back, we sat down and planned to be financially sound and debt-free so that we can buy our first home. I transitioned to WFH 100% so she started to do part-time jobs, I did buy and sell and a little consulting job on the side. We stopped eating out altogether, skipped buying unnecessary stuff (and kids toys), planned our groceries carefully to the cent and saved as much as we can. + +Fast forward to today, we paid ~ $50,000 debt, refinanced our car loan into 2.45% apr. All my 5 credit cards are now fully paid and my wife has about $1000 left between her two cards. Also, both of our scores are now high-700s (which we never had before). The best of all, got approved for mortgage of a detached home in Edmonton for just 1.95% 5-year fixed and we’ll get possession on Sept 23! + +This goes to show that even with our background, we managed to be bad debt-free, so I encourage anyone whose situation is similar to us to keep on believing and at the same time, strive hard to reach your goal, bend backwards if you must. Be frugal but not cheap. Discomfort right now would be comfort in the future. Cheers! + +TL:DR Immigrants who were drowning in debt, single-income for 6 yrs, two kids, worked their ass off and saved every penny, managed to buy a detached home in Edmonton. +So I got this message from a random user. He said I should check the SEC site for fillings about credit suisse. Since I am really not that smart (just like the company), I asked if he could eleborate. He then send me a link to the filling he was referring to, but then again I didn't understand shit of that filling. He then sends me another message which he named, "Some more bread crumbs", this message contained a total of 3 links, but then again, I not smart ape so don't know wut mean. + +I will post the screenshots of the messages below, I asked the message for permission to post here and he was fine with this as long as I blurred his name. I will also put the links below so some smooth brained apes can check this out. + +This is maybe nothing and might just be distraction from what is going on because this weekend is 🔥, however this can also be a very serious DD. + +Check out the convo; + + + +[this was the first convo](https://preview.redd.it/p1fr9113q3n71.png?width=1152&format=png&auto=webp&s=9554fc4edfcbcbf3b0676cd3c473ed9c71ad7429) + +&#x200B; + +[Second convo](https://preview.redd.it/yedupoafq3n71.jpg?width=1170&format=pjpg&auto=webp&s=e99b95cbd6ccc01a3f7d8ce3d3371ea3f7cc0396) + +Here is a transcript of the convo and links so apes can check it out for themselves. + +First convo messages + +perhaps if one would navigate to the SEC website and find recent filings by a one cr3d1t su1ss3, one might find some interesting information + +never follow a link without verifying. might want to use urlscan dot i o or something but here is one of the direct links: [https://www.sec.gov/Archives/edgar/data/1053092/000095010321013821/dp157741\_424b2-u6153.htm](https://www.sec.gov/Archives/edgar/data/1053092/000095010321013821/dp157741_424b2-u6153.htm) + +i appreciate your inquisitive nature. more eyes are needed on the "Contingent Coupon Callable Yield Notes due October 5, 2026" filed by Credit Suisse. naming these securities: Citigroup, Comerica, and Horizon Corp. + +Second convo with links: + +find this post: "[https://old.reddit.com/r/Superstonk/comments/nptiio/gamestop\_shareholder\_list\_the\_final\_catalyst/](https://old.reddit.com/r/Superstonk/comments/nptiio/gamestop_shareholder_list_the_final_catalyst/) + +follow the link to the ownership summary [https://investor.gamestop.com/stock-information/institutional-ownership](https://investor.gamestop.com/stock-information/institutional-ownership) + +how weird but if we use the waybackmachine + +[https://web.archive.org/web/20210906101126/https://investor.gamestop.com/stock-information/institutional-ownership](https://web.archive.org/web/20210906101126/https://investor.gamestop.com/stock-information/institutional-ownership) + +## After Sept 6, No More Ownership Data + +in addition, if one were to review many of the recent SEC filings from Sept 10, one would find many CE0s and CF0s unloading their stocks + +&#x200B; + +&#x200B; + +So that's about all, I hope some smooth brained ape can find some interesting stuff on this. + +GME FTW + +Edit: this post is getting more traction then I anticipated. I already saw some interesting comments of apes who are already doing there best digging. I just want to stress that I am really not a smart ape and I just like the stock. When this person messaged me I was skeptical at first but I really think there is something here. Like one comment said, this might be an insider who doesn’t want to be recognized in anyway, and just decided to send some apes this info and hope it would gain traction. Out for now, I will be going to sleep. If there are any updates in the morning or DD’s based on this info I will edit my post. Good Sunday for you al and may Monday come soon. GME for life + +Edit 2: couldn’t sleep, specially after this comment. https://www.reddit.com/r/Superstonk/comments/pmwcnt/some_guy_started_messaging_me_some_mysterious/hclgswn/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3 +Go check it out. Hope some smooth brained ape can have an even better look at this +u/EXTORTER massive thanks for having a look at this. I appreciate you taking the time and figuring this out already. Still a bit unclear to me as what it means, yes I know, really dumb ape I am +💎🙌🏼 + +Edit 3: wow this got a lot more traction than I thought. As Said go check out the comment by u/EXTORTER , he has done some really fine work. If there would be any dd released based on this I will post it here but as of now there is none as far as I know of. These messages send to me by a stranger turned out to be somewhat interesting and some apes found some things. Hope someone can figure the whole puzzle out on what it means, and specially what it means for GME. +Many of you probably have no idea about this coin, it is not very discussed here and there is a reason for that, this isn't a pump and dump coin with no use case. The team already has a successful project (WINK) with high market cap and is heavily involved in promoting their brand through sponsoring various orgs such as the NHL, or even CS GO and DOTA tournaments. + +Blink is the partnership project between Wink and Binance, here you have the backing of Justin Sun and CZ and seeing the growth of BNB and TRX and Wink shows you the potential we have. The interesting part about this project is that you can stake your blink coins to receive part of the profits of the casino, which we all know how profitable they can be. + +In the Binance accelerator program, Blink was their number 1 investment, receiving part of the 100 million dollar grant. (look it up yourself I can't post the link here) + +Now the whitepaper itself (page 12) states that Blink will be listed on the Binance Exchange. In the Wink telegram group the CEO said that their nr. 1 focus right now is listing Blink on a ''world class exchange'', we know of course that Binance listings are under heavy NDA. We also know the payment for exchange listing has been transferred, totaling about 750k USD which fits in the 500k-3M price for listing. + +**Moreso, there is a BIG announcement and updated roadmap coming up on Monday.** + +Did I mention the tokenomics for this coin are insane? Circulating supply right now is at about 180 million and market cap is around 24 million dollars (compared to Wink this is nothing) and if that wasn't enough, they are burning tokens too. + +The RSI shows the coin is way oversold at the moment, it was overbought in the past days and right now the correction is done so there is no better time to buy. + +So DYOR and know the fundamentals to see how undervalued this project is right now. + +[https://blink.wink.org/blink.pdf](https://blink.wink.org/blink.pdf) < ------- Whitepaper + +[https://t.me/blinkwinkorg](https://t.me/blinkwinkorg) <----------- JOIN TELEGRAM HERE + +[https://poocoin.app/tokens/0x63870a18b6e42b01ef1ad8a2302ef50b7132054f](https://poocoin.app/tokens/0x63870a18b6e42b01ef1ad8a2302ef50b7132054f) <------- CHARTS + +0x63870a18b6e42b01ef1ad8a2302ef50b7132054f < -------- CONTRACT ADDRESS ON BSC +**Valuation:** Undervalued + +**Will We See Caterpillar ($CAT) Bounce Post-Covid?** + +· Analysts have forecasted that the Caterpillar stock price will rebound post-pandemic, and finally start to post favourable earnings releases. This is partially why people believe Caterpillar to be one of the best infrastructure stocks to buy in 2021. + +o This helps investors to recognize and get exited for Caterpillar’s future. + +· Through several different valuation techniques, I arrived at a fair value price target of Caterpillar of $238/share, which implies an upside of 13% (at the time of creating this analysis). + +o However, there are both risks and catalysts to this investment that may have an unexpected impact on the shares price, a list of these can be found at the end of this report. + +o I think that Caterpillar could be one of the best dividend stocks right now and would be a good addition into any portfolio. + +· Caterpillar among other heavy machine manufacturers struggled during the pandemic due to financial and social conditions surrounding the Covid-19 pandemic. People were forced to stop operating/working, and others did not have the funds to make large purchases during the pandemic. + +o However, this created a good buying opportunity for these value stocks, namely Caterpillar. + +· This report was created to provide due diligence to potential investors in value stocks such as Caterpillar. + +**Company Information:** + +[$CAT - Caterpillar Inc](https://utradea.com/stocks/CAT). is the world’s leading manufacturer of construction and mining equipment, among other equipment and vehicles. Caterpillar operates under 4 main business segments, which consist of Construction Industries, Resource Industries, Energy & Transportation, and Financial Products. + +**Investment Information:** + +*Business Reporting Segments:* + +· **Construction:** This is Caterpillar’s largest business segment and provides their customers with the machinery necessary for construction, forestry, and building infrastructure. The demand for Caterpillar’s machinery is worldwide, however it varies depending on the business/companies’ circumstances. Caterpillar offers differentiated products for customers of different geographies, financial situations, and use cases. Caterpillar’s machine offerings for this segment include various types of excavators, loaders, telehandlers, tractors (just to name a few). + +· **Resource Industries:** This segment provides their customers with the machinery necessary in the mining, quarry, aggregates, and construction fields. Caterpillar provides machine for both surface operations as well as for underground operations. Caterpillar’s equipment aids in the process of extracting precious metals and resources from the earth. Caterpillar makes their machines in this segment to have low life-time costs, be highly productive, and very reliable to meet the demand from their diverse customer base. Caterpillar’s offerings in this segment include shovels, drills, tractors, vehicles, compactors, scrapers etc. + +· **Energy and Transportation:** Caterpillar provides their products to their customers in the energy and transportation industries. These include oil and gas, rail, industrial power generation and more. This segment requires Caterpillar to meet emission standards that are continuously changing and are situational depending on geographies. Caterpillar is always looking for ways to innovate their products to stay ahead of these changes. Caterpillar offers the following machinery for their customers in this segment, generators, reciprocating engines, turbines, compressors, diesel locomotives, and rail-related products. + +· **Financial Products:** Caterpillar delivers financial products to their customers through CAT Financial. CAT Financial provides their customers with financing options for their various product offerings. Some of their financial products include renting, financing, leasing, and loans. Having these options helps Caterpillar to maximize their revenues and customer base through allowing them to purchase their machinery by means other than cash. Furthermore, CAT Financial also earns interest on these purchases which can further aid their revenue growth. + +*Order Backlog:* + +Caterpillar has an order backlog that amounts to $14.2B in deferred revenues for the fiscal year ending December 2020. Of this $3.6B is expected to be expensed as an allowance for doubtful accounts. This means that Caterpillar is not expecting to realize this $3.6B as revenue. Talking this into account, Caterpillar has approximately $10.6B in deferred revenues, that they can start to realize as early as this year. + +*Financial Information:* + +· **Financial Performance (Good):** In 2020, Caterpillar decreased their operating costs by 18%, and decreased their “other” expenses by 23%. + +· **Financial Performance (Bad):** In 2020, Caterpillar’s total revenue decreased by 22%. This is especially bad due to the fact that their revenues dropped by more than their operating costs, which means that their operating margin shrunk in 2020. Furthermore, Caterpillar’s profit decreased by 51% which is a pretty sizable amount and may scare off potential investors. + +· **Common Shares Issues (Treasury Stock Compensation):** In 2020, Caterpillar issued 5,317,243 common shares through the conversion of treasury shares (given out to employees as compensation). This issuance of shares had a dilutionary effect on the existing $CAT shares of 1% which is not very significant. + +· **Common Share Repurchase:** In 2020, Caterpillar repurchased 10,096,006 common shares as part of their share repurchase program. This share repurchasing increased the value of the existing $CAT shares by 2%. + +· **Total Dilution:** In 2020, Caterpillar ended up purchasing more shares back then they offered, which is a very good sign for investors. Overall, in 2020, Caterpillars existing shares rose in value by approximately 1% due to their buybacks. + +*Competition:* + +In order to undergo my comparable analysis (which is yet to be seen), I needed to find 4 companies that I could use to compare to Caterpillar that will assist me in valuing Caterpillar as a company. + +These companies have to be publicly listed, operate in a similar manner, be of similar marker cap, operate in similar geographies, and have valid financial ratios and multiples. + +By using the above criteria, I arrived with the following 4 comparable companies: + +[**$DE Stock – Deere & Co:**](https://utradea.com/stocks/DE) Deere & Co. manufactures and distributes equipment worldwide. Deere also operates in 4 main segments, which include Agriculture, Construction, Forestry, and Financial Services. They compete with Caterpillar in the Construction, and Forestry segments as their product offerings in these spaces are the most similar. + +[**$PCAR Stock – Paccar Inc:**](https://utradea.com/stocks/PCAR) Paccar Inc. Is a distributor of trucks and their parts. Paccar has 3 segments to their business Trucks, Parts, and Financial Services. Paccar offers their trucks to some companies that would use Caterpillar machines, so these companies are a bit more complimentary rather than competitive. However, I decided to include Paccar because they have the same target market and they both manufacture vehicles and provide financial services for their end customers. + +[**$TEX Stock – Terex Corp:**](https://utradea.com/stocks/TEX) Terex provides both Aerial Work Platforms, and Materials Processing machinery. Their Aerial platform products include lifts, articulating booms, telescopic booms, telehandlers, and utility equipment. Terex is more of a competitor in the construction space, as they provide machinery that is commonly used on construction sites. + +[**$OSK Stock – Oshkosh Corp:**](https://utradea.com/stocks/OSK) Oshkosh manufactures and markets their specialty vehicle worldwide. Oshkosh provides machines such as telehandlers, wreckers, mixers, cranes among other vehicle and machine offerings. Oshkosh competes with Caterpillar in the mining, railroad, and construction industries. + +*Valuation Information:* + +*WACC:* + +I was able to calculate my own high and low estimates of Caterpillar’s WACC through my models in the DCF model. The low WACC implies an equity/debt weighting of 80% and 20% respectively, and the high WACC implies a equity/debt weighting of 70% and 30% respectively. I then took the average of these two estimates to come to one final WACC estimate of 7.17%. + +*CAGR (2021-2023):* + +I used the average growth rate in the average analyst revenue growth forecasts for 2022 and 2023. The average growth rate that analysts are forecasting in this year is around 11.5%. I used this estimate because I believe it to be reasonable, contingent on the fact that Caterpillar can bounce back after the pandemic. + +*CAGR (2027-2030):* + +I estimated Caterpillar’s CAGR for 2027-2030 to be 4.6%. This is because this was their average Gross Profit CAGR, over the past 5 years (when factoring out the effects of covid). I think that Caterpillar will return to this level of steady growth after they bounce back from covid. + +*Other CAGR:* + +In the years between 2023-2027, I gradually decreased Caterpillar’s growth rate so there was a smooth transition into their 4.6% growth rate through 2030. In these years I decreased the average growth by 1.5% each year until 2027. + +*Operating Expense Increase Rate:* + +Over the past couple of years Caterpillars operating expenses have risen by an average of 1.94%. I used this growth rate to forecast their future operating expenses. + +*Interest Expense Increase Rate:* + +Over the past couple of years, Caterpillar’s interest expense has grown by an average of 5.64%, which I used to forecast their future increases in interest expense. + +*Depreciation and Amortization Increase Rate:* + +Over the past couple of years, Caterpillars Depreciation and Amortization figures have grown by a yearly average of 4.39%. I used this increase rate to forecast their future depreciation and amortization expenses. + +*Tax Rate:* + +I was able to locate Caterpillar’s annual effective tax rate for the year ending December 2020. I found this in their [SEC 10-K filing](https://sec.report/Document/0000018230-21-000063/), which was 25.2%. + +*Capital Expenditures (CAPEX) Decrease Rate:* + +Over the past couple of years, Caterpillar’s capital expenditures declined by an average rate of 7.8%. I used this decline rate to forecast the future decrease in Caterpillar’s capital expenditure figures. + +*Risk Free Rate:* + +I was able to find Caterpillar’s risk-free rate through [Finbox](https://finbox.com/FINBOX:CAT/models/wacc), which estimated it to be 2.25%. + +**Investment Valuation:** + +*DCF:* + +In order to properly value Caterpillar, I underwent a DCF model. In order to conduct this model, I used the information found above in the “valuation information” section of this report. By using this information, I arrived at a fair value of Caterpillar of $210/share, which implies that Caterpillar is currently at fair value. In order to gain more insight into the valuation of Caterpillar, I decided to undergo some comparable analyses. + +*Comparable Analyses:* + +*EV/EBITDA:* + +By comparing Caterpillar’s EV/EBITDA multiple to that of their competitors (listed above in the “competition” section of this report), I found Caterpillar to have a fair value of $225/share, which implies an upside of 7%. + +*EV/Revenue:* + +By comparing Caterpillar’s EV/Revenue multiple to that of their competitors, I found Caterpillar to have a fair value of $146/share, which implies a downside risk of 30%. This is obviously very different from the valuation as achieved through their EV/EBITDA comparable, so I decided to do one more comparable to gain more insight. + +*P/E:* + +The last and final ratio that I compared was the P/E ratio, by doing this I found Caterpillar’s fair value to be $200, which implies a downside risk of 5%. All of the comparable analyses show drastically different valuations, and as a result of this I decided to take the average result to achieve one final comparable valuation. + +*Average Comparable:* + +By taking the average result as achieved through the 3 comparable analyses, I arrived at one final comparable valuation of $190/share. This valuation implies that there is a downside risk of an investment into Caterpillar of 9%. + +*Dividend Discount:* + +My last valuation estimate came from my dividend discount model. This model predicted that Caterpillar has a fair value of $312/share, which implies a 49% upside. + +**Plan:** + +In order to formulate a plan on investing into Caterpillar, I first decided to take the average result from the 3 different models that I created. By doing this I arrived at one final fair value of Caterpillar of $238/share, which implies an upside of 13%. + +My plan for this investment would encompass buying under $210, which is the fair value achieved through the DCF model. After this, I would look to exit at $238/share, which is the final fair value that I achieved for the company as a whole. This plan would yield a 13% return if followed directly. + +**Risks:** + +· **Financial Performance:** In 2020, Caterpillar had an overall poor financial performance. This financial performance worried investors, as well as myself for the future of this company. This performance can be attributed to covid, and many analysts are forecasting a bounce back. However, if this bounce back doesn’t come, or is not as big as anticipated, some investors may start to panic sell and hurt the share price. + +**Catalysts:** + +· **Financial Performance:** As we know, there are many analysts that are forecasting Caterpillar to rebound after their poor financial performance this year. If Caterpillar is able to meet or even exceed these expectations, it will help their share price greatly, and instill investor confidence for a brighter future ahead. + +· **Share Repurchases:** In 2020, Caterpillar was able to repurchase over 10 million of their common shares. This big repurchase assisted in Caterpillar being able to achieve a lower shares outstanding balance over the year. This means that the existing shares increased value as a result, which is good to see or experience as an investor. If they announce that they are repurchasing more shares this year we should see a reflection of this in their stock price. +Jeff Bezos plays hardball, bans Apple TV and Google Chromecast. + +There is no such thing as store neutrality. Amazon has all the right to forbid rival products on its online marketplace. + +Apple’s upcoming video streaming service is clearly a threat to Amazon Prime and Instant Video. +http://seekingalpha.com/article/3549276-dear-tim-cook-amazon-just-banned-your-apple-tv-4 +If so many UK residents are using their houses as their retirement fund, what happens to those who never owned a home but don't have enough income to rent at market rates? Do they qualify for social housing at that point? +I'm seeing a lot of posts about CSPs being ITM and, consequently, comments about selling CCs after (potentially) being assigned. A lot of these comments insist on selling CCs at a strike above the cost basis of your assigned shares. I think this is a case of cost basis anchoring bias. + +For simplicity's sake, let's say your normal strategy is to sell covered puts and calls at 30 delta regardless of other factors. One day you wake up and see 100 shares of a random stock in your account. Your normal move would be to sell a call against it at 30 delta. It shouldn't matter if the stock happens to be trading at $100, all that matters is the delta of the strike. + +If you later see that you had paid $150 per share for the stock, that shouldn't change your CC strategy. Your basis is basically a sunk cost at this point. The only legit reason to consider the basis would be for tax implications. + +Yeah, it sucks that you were assigned at $150 when the stock was trading at $100. But that's water under the bridge. The best thing you can do now is to make do with what you have, and to not let your basis affect your future decision making. + +At least that's what I think. Maybe I'm just an idiot, in which case forget what you read here and carry on. +It is not necessarily true, and it does not mean that for being a successful trader, you must have unsuccessful years, but many of the successful traders experienced those unsuccessful years. Which means that every single trade that you lose, is a valuable experience for you in the next move. Just commit yourself to the lessons that you have paid for them. +I am 16 years old. I work at my dad’s shop for $10/hr and I usually work 25 hours a week. I also occasionally do photo shoots for $80/hr. Any suggestions of what I should do with my money? + +I am considering saving up to pay for my driver’s school ($500) and then saving up for a computer to edit photos and videos on ($700-800). But I’m not sure if I should buy anything after these big purchases. I currently have $630 with a $250 check comign in soon. +Edit: comments are sorted by controversial, so if you scroll to the comments you'll see a lot of toxicity (these are by definition the most up *and* downvoted comments). Some of it is fair criticism, but I'd also recommend sorting by hot/best to see the actual best takes on the article :) + +https://preview.redd.it/1ucfhtuxrv571.png?width=602&format=png&auto=webp&s=2d0c829d885bf5da34f0a8ab816328298675dea1 + +*Hey all. I originally wrote this intended as an article for those new to crypto and Nano, but figured you might enjoy it here as well. Comments welcome* + +First off, to understand the excitement about Nano, all you need to do is **try it out for yourself, within 2 minutes.** + +1. Install [Natrium](https://natrium.io/). +2. Visit a [Nano Faucet](https://freenanofaucet.com/). +3. Fill in your Nano\_ address and hit send. + +To fully appreciate Nano’s speed and ease of use, it’s recommended to get a second wallet on the side, like [www.nault.cc](http://www.nault.cc/) in your browser, or [Nalli](https://nalli.app/) as a second app on your phone. Nano tends to transfer faster than you can switch screens. Try sending some from one wallet to the other and see for yourself. Sending to yourself like this doesn’t seem impressive, but the transfer you just did is possible from and to **anyone, anywhere, anytime**, with no one able to stop your transfer and not a cent paid in fees. It’s secure, borderless and uncensorable money, open to anyone. + +**A short history of cryptocurrency** + +Cryptocurrency started with [Bitcoin](https://www.wired.com/2011/11/mf-bitcoin/). Created by [Satoshi Nakamoto](https://www.investopedia.com/tech/three-people-who-were-supposedly-bitcoin-founder-satoshi-nakamoto/), Bitcoin solved the challenge of how to have digital money that could not be copied. It offered a form of money that no one party could print more of, or block transfers of. In doing so it offered a way to transact, internationally, without relying on (central) banks, accessible to anyone with an internet connection. + +This was an attractive proposition following 2008. At the time, many banks were being bailed out, while central banks printed a lot of extra currency to support these bailouts. [This money printing hasn’t stopped since](https://www.reuters.com/article/us-ecb-policy-idUSKBN2B22TY), leading many people to conclude that as extra dollars and euros are being printed, the dollars and euros they hold are becoming worth less and less over time. + +[Bitcoin transaction cost and speed](https://preview.redd.it/2wcjjrgyrv571.png?width=602&format=png&auto=webp&s=5cd34bcf36ef4a5f681d96736effe3ad091bbbee) + +However, Bitcoin comes with its own share of issues. Transfers take, on average, [over 2 hours,](https://www.blockchain.com/charts/avg-confirmation-time) while being incredibly expensive, and [Bitcoin uses more energy than some countries](https://senatus.substack.com/p/swap-bitcoin-for-nano-save-the-planet). It doesn’t scale, with capacity maxing out at roughly 7 transactions per second, and due to the fees and waiting times is practically unusable as currency. While a beautiful idea, as a means of payment it has failed. + +**Enter Nano** + +Nano’s primary developer, Colin LeMahieu, was enthusiastic about the possibilities that a self-sovereign form of money like Bitcoin offered. However, he was frustrated with the inefficiencies in (then) current cryptocurrencies. In 2014, he began development on a new cryptocurrency. The goal was to create a cryptocurrency that could be used for daily payments by everyone, without the [carbon footprint that comes with Bitcoin](https://senatus.substack.com/p/swap-bitcoin-for-nano-save-the-planet). + +>[Nano makes money efficient for a more equal world — simple to pay with, easy to accept and open to all.](https://nano.org/) + +To accomplish this, Colin came up with a new architecture for Nano. Rather than having one big blockchain, [where everyone competes for space](https://www.youtube.com/watch?v=IDEQE8lmaqs) in the next “block” to be mined, Nano utilises something called the [Block Lattice](https://www.mycryptopedia.com/nano-block-lattice-explained/). Instead of competing for space, users add blocks to their own chain and broadcast this addition to the network. + +[Nano's block lattice graphic](https://preview.redd.it/9zzalzlzrv571.png?width=602&format=png&auto=webp&s=b253fce98704ea8ab1c0c76e8b7a9790f6df7b9f) + +Nano combines the block lattice architecture with [Open Representative Voting](https://docs.nano.org/what-is-nano/overview/#representatives-and-voting) (ORV). Every Nano holder votes for a Representative using their Nano balance. Anyone can be a Representative, and anyone can change their vote at any time. These Representatives confirm transactions (67% consensus needed) as soon as they see a transaction, which means that Nano’s speed is mostly limited by internet connection latency (practically the speed of light). This is what allows the Nano network to confirm transactions within a second. + +In mining, energy is expended to be the first to mine a block. In Nano, there is no such competition. Because there are no mining rewards and no fees, the network is cooperative. In mining chains, hardware resources are used for competition. In Nano, every available resource is used to confirm transactions as securely and quickly as possible. If Representatives upgrade their hardware, the throughput of the Nano network increases. This focus on pure efficiency and lack of waste makes Nano a green option that uses very little energy. + +[Nano's energy usage](https://preview.redd.it/4n1250k0sv571.png?width=602&format=png&auto=webp&s=d8074a69f1d29a57e1b0acb537ad7c9a82cb9231) + +Summarising, Nano uses a block lattice where each person has their own chain, rather than one big chain. Anyone can add blocks to their own chain, at any time, and Representatives (validators) confirm these transactions as soon as they see them. Because of this, Nano manages to be instant, feeless, scalable, and incredibly energy efficient. + +**Spam in Nano** + +Because Nano is feeless, many people believe that Nano is vulnerable to spam. There is some truth to this. [Nano was spam attacked recently](https://medium.com/nanocurrency/recent-dos-nano-network-attack-and-v21-3-fixes-97b9b7297f9), leading to degraded performance of the network. However, there are a few reasons that thinking Nano can (still) easily be spammed is mistaken: + +1. While Nano is feeless, it is not free to transact. For every transaction, a small PoW has to be performed by your wallet. When you are a regular user, the wallet does this for you, and you don't notice it. When you try to do millions of transactions, this becomes more expensive. +2. Transactions in Nano used to be prioritised by PoW performed. If a spammer was spamming the network at PoW difficulty 1 (comparable to a fee paid of $0.0001), you could do PoW difficulty 2 (comparable to a fee paid of $0.0002) and get priority over the spammer. Following the spam attack, Nano is implementing even stronger spam resistance. [I've written a longer article on this here](https://senatus.substack.com/p/nanos-latest-innovation-feeless-spam), but in short transactions are getting prioritised by a combination of balance and time\_since\_last\_tx. Simply put, your priority is your balance \* time since use. For a spammer using small amounts to spam constantly, both balance and time since last use will be low, therefore the priority of the transaction is low. To have an impact while spamming the network, you therefore need to hold large amounts of Nano. This is expensive, as you need to first buy this Nano. It also means that if you spam the network to degrade performance, any price decrease will hurt you. + +Conceptually, this defeats transaction flooding attacks by making it cost prohibitive to congest the network (i.e. you would need 50% of the supply to consume 50% of the throughput). The groundwork for implementing this operationally was laid in v22, but the final implementation is expected in the next update (v23). + +**The goal of Nano** + +Nano is intended to be [digital money for the modern world](https://nano.org/). It was freely given away to anyone willing to solve captchas. Because of this, [Nano was distributed](https://medium.com/nanocurrency/the-nano-faucet-c99e18ae1202) broadly and fairly, mostly to people in poorer countries. Because of its feeless nature, it’s well suited for lower-income countries. Because of being instant, it works as a medium of exchange, as money. Because there are no fees and there is no inflation, no money is lost when either [storing value in Nano](https://senatusspqr.medium.com/why-nano-is-the-ultimate-store-of-value-and-reserve-currency-3b0318844bc8), or when using Nano. + +[The vision of Nano](https://senatus.substack.com/p/the-vision-of-nano-an-instant-feeless) is broad. It allows for cheap remittances. Foreign workers pay [an average of 6.8%](https://migrationdataportal.org/themes/remittances) in fees to transfer money home. Nano can do this far more efficiently, both at lower cost and faster. It allows merchants to [start accepting payments](https://www.bitrequest.io/) anywhere in the world, instantly, without fees. It enables [streamers to receive feeless tips](https://np.reddit.com/r/nanocurrency/comments/lrqhmu/i_made_a_twitch_bot_for_nano/), enables anyone [creating art or self-publishing](https://npass.dev/npass) to instantly take small (or large) payments for their works. It enables anyone suffering from hyperinflation to [securely store their money](https://senatusspqr.medium.com/why-nano-is-the-ultimate-store-of-value-and-reserve-currency-3b0318844bc8) in a currency whose supply can’t be increased. It allows charities to [take donations](https://nowpayments.io/supported-coins/nano-payments/) from all over the world. This means [less money going to middlemen](https://coindrop.to/), and more money arriving directly where it’s needed. Nano makes money efficient, frictionless, secure and borderless. + +**So why hasn’t this taken off yet?** + +I’m speculating here, but I think that many people have heard of Bitcoin. If you’ve spoken to someone about cryptocurrency, there’s a good chance they mentioned Bitcoin. Most people see Bitcoin just as an investment. A fraction of those who invest in it actually try to use Bitcoin, and most that do conclude that Bitcoin is slow and clunky. To many people, Bitcoin = cryptocurrency, and therefore all cryptocurrency must be slow and clunky. Nano’s claims seem outlandish after having experienced Bitcoin, and it’s easy to dismiss Nano as too good to be true. Hence my instruction, at the start of this post, on how to try Nano out for free, within 2 minutes. Since you probably skipped over it the first time, I’d like to end this article by saying that you spent so long reading this, you might as well try it out, for free! + +1. Install [Natrium](https://natrium.io/). +2. Visit a [Nano Faucet](https://freenanofaucet.com/). +3. Fill in your Nano\_ address and hit send. + +That’s all! To really try it out I’d recommend getting a second wallet such as [Nault (web-based)](https://nault.cc/) or [Nalli](https://nalli.app/), then sending some Nano from your first wallet to the second. + +Most people that try Nano come into the [Nano subreddit](https://np.reddit.com/r/nanocurrency/) asking why Nano isn’t bigger yet. This is exactly why. Most don’t know about Nano yet, most haven’t tried it out yet. Nano has no marketing budget, no ads, no venture capital funding. Its marketing consists of Nano enthusiasts spreading the word, relying on word-of-mouth and organic growth. It relies on businesses starting to accept Nano payments because it saves on costs for them, on people using it because it’s the most efficient option. This tends to start off slower, but given the [explosive growth in Reddit subscribers](https://subredditstats.com/r/nanocurrency), the rapid addition of [businesses accepting Nano](https://wenano.medium.com/announcing-wenano-business-for-ios-and-android-80bf77b078b8), and the constant increase in projects built on Nano it seems faster growth is starting. All it takes to convince someone of Nano’s potential is to have them try it. That seems like a strong potential for growth to me. + +*I hope this article helped answer some basic questions about Nano. We Nano enthusiasts welcome anyone who wants to talk about Nano on* [*www.reddit.com/r/nanocurrency*](http://np.reddit.com/r/nanocurrency)*.* + +*Thanks for reading, comments and questions are always very welcome!* + +Edit: comments are sorted by controversial, so if you scroll to the comments you'll see a lot of toxicity (these are by definition the most up *and* downvoted comments). Some of it is fair criticism, but I'd also recommend sorting by hot/best to see the actual best takes on the article :) +(Reposted, tripped automod w/edits) + +Some links had to be removed due to banned words. You should be able to find them still by googling the headlines. + +\----- + +# [A Running list of FUD Part 1 here](https://www.reddit.com/r/Superstonk/comments/mnjqpw/dont_forget_what_they_did_a_running_list_of_fud/) + +\----- + +Sup Apes, + +Never thought I’d need a second post, but months and months of bullshit fuckery tends to pile up, and we’ve hit the character limit on the original post. + +As with the last post, I will continue to update this as the FUD rolls in. + +We need to remember what the HFs have done. Now more than ever. Feel free to send any FUD my way and I’ll add it in. + +When it comes time to hold past 1K, 10K, 100K, 1M, 10M. + +Remember this list. + +\----- + +# [Cointelpro Techniques for Dilution, Misdirection, and Control of an Internet Forum](https://www.reddit.com/r/Superstonk/comments/mulstf/cointelpro_techniques_for_dilution_misdirection/) + +* "**Remember these techniques are only effective if the forum participants DO NOT KNOW ABOUT THEM.** " + +&#x200B; + +**Regardless of what happens with** **other stocks** \- Nothing changes with GME. If they go up, great, and now shorts are fighting on two fronts, but **nothing changes with GME.** + +Buy. Hold. Buckle Up. + +&#x200B; + +[**The EARLY SELL**](https://www.reddit.com/r/GME/comments/m1x2eg/no_one_i_repeat_no_one_should_give_a_shit_when/) + +* [Another example](https://www.reddit.com/r/Superstonk/comments/mlle06/new_fud_wave_how_we_all_hodl_for_the_highest/?utm_source=share&utm_medium=web2x&context=3) +* [Selling on dips to protect gains](https://www.reddit.com/r/Superstonk/comments/mpedri/shills_have_given_away_their_strategy_lol_expect/) \- $120 is a discount + +As we get closer to the MOASS, they will try DESPERATELY to hype a low price point like $1,000 to scare you into paper handing. + +\----- + +# JUNE + +**6/1** + +* [Pinning the price action on Apes](https://www.reddit.com/r/Superstonk/comments/nq46sz/this_narrative_needs_to_stop_main_stream_media_is/) \- This is not a coordinated effort to pump GME up. We all know that by now. Stay prepared for more articles like this one. +* [Pinning the price action on DFV](https://www.reddit.com/r/Superstonk/comments/nq7d3j/suspicious_articles_being_published_that_seem_to/) + +**6/4** + +* ["Short Sellers have lost X amount"](https://www.reddit.com/r/Superstonk/comments/nry08g/media_pushing_the_narrative_that_shortsellers/) \- Nothing is a loss **until the shorts close their positions** +* [On 6/9 and the Annual Shareholder Meeting](https://www.reddit.com/r/Superstonk/comments/ns3owq/unpopular_opinion_you_might_fud_yourself_with_69/) \- 6/9 being the date and 6/9 not being the date can both be seen as FUD. In the end, no date really matters, we know what cards we hold and the MOASS will happen when it happens. Hype is fun, but so was Quadruple Witching (3/19), and Earnings (3/23). **Manage your expectations**. Buy. Hold. Vote. +* [**Citadel wants to SUE**](https://www.reddit.com/r/Superstonk/comments/nsf3ap/citadel_is_threatening_to_sue_people_for_exposing/) (Or just another HF who knows) -[ LOL](https://youtu.be/wIcHEfPBnYI?t=116) + +While we may have strict posting requirements around gain porn here in /r/superstonk, other subs do not. Prepare yourself to see all kinds of posts of people that sold early on those subs. + +The first battle for the HFs is to prevent the MOASS, the next will be to get you to sell early when the MOASS starts. **Every single dirty trick on this list can and will be used again once the MOASS starts, and I would expect it to be spread to every single GME related sub.** + +**6/7** + +* [Naked Shorting - It'S iMpOsSiBlE](https://www.reddit.com/r/Superstonk/comments/nubx5p/its_impossible_nothing_is_impossible_and_track/) +* ["Blame on all sides..."](https://twitter.com/MelissaLeeCNBC/status/1401973234694823938) \- Melissa Lee. + +Uh huh. People don't forget.[ Even when you backpedal.](https://www.reddit.com/r/Superstonk/comments/nuo004/okay_no_trusting_msm_is_solid_strategy_but/) + +**6/9** + +Lots of forum sliding going on with the shareholder meeting today. Take everything with a grain of salt. + +[Looks like the play is to spread FUD around the mods](https://www.reddit.com/r/Superstonk/comments/nvz6q5/ill_be_honest_the_stream_was_messy_and_confusing/) \- Constructive criticism is ok, just be on the lookout for users posting extremes and being overly aggressive. + +**6/10** + +* [Gamestop shares are dropping after the game seller said it's being investigated by the SEC](https://fortune.com/2021/06/10/gamestop-shares-sec-dropping-sellers/) +* [Gamestop Lower After Quarterly Loss, Share Sale Plans; SEC Probe Lingers](https://www.thestreet.com/investing/gamestop-slips-lower-after-first-quarter-loss-share-sale-plans) +* [Meme stocks stumble after Gamestop discloses SEC probe into the frenzy](https://www.marketwatch.com/story/meme-stocks-stumble-after-gamestop-discloses-sec-probe-into-the-frenzy-11623277586) + +**6/14** + +* [The Hedgies are Scambling](https://www.reddit.com/r/Superstonk/comments/nz9xtq/the_hedgies_are_scrambling/) \- Post has since been edited to be deleted. Based on the post calling it out[ here](https://www.reddit.com/r/Superstonk/comments/nzerga/new_fud_made_it_to_front_page_be_careful_think/), it seems that shills are trying to spread FUD under the guise of "DD" or organize a group buying effort to pin market manipulation on Apes. + +**6/15** + +* "Enlisting an army" - More tactics by the MSM to portray Apes as an organized group that is manipulating the market. (Link removed due to reference to popcorn stock) +* [Big runups by "Meme stocks" could be a recipe for disaster](https://www.reddit.com/r/Superstonk/comments/o0o4vr/media_hedgies_already_planting_seeds_that_meme/) \- Unlike the abusive naked shorting going on with said stocks right? Please. +* [FUD surrounding DTC-2021-005](https://www.reddit.com/r/Superstonk/comments/o0pem0/no_005_isnt_a_dud_get_that_fud_out_of_here_let_me/) + +**6/16** + +* "Do meme traders need to be protected from themselves?" +* Opinion: Why a crash in meme stocks XXX and GameStop looks more likely now - Thanks for the heads up on the upcoming discount MW. + +**6/21** + +* [Why a Crash in Meme stocks looks more likely](https://www.reddit.com/r/Superstonk/comments/o4qkss/if_you_needed_more_confirmation_that_marketwatch/) + +**6/22** + +* [GME fails to close above $225... before the trading day is done](https://www.reddit.com/r/Superstonk/comments/o5t3r5/erm_the_days_not_over_yet_im_in_gmt_time_btw/) +* ["This hedgefund invested in Gamestop - it's now closing after suffering losses"](https://www.reddit.com/r/Superstonk/comments/o5thz8/hey_marketwatch_can_you_quit_it_with_the_bullshit/) + +**6/24** + +* ["This is taking forever"](https://www.reddit.com/r/Superstonk/comments/o74t41/latest_schill_tactic_this_is_taking/) \- There's never been an easier winning strategy. Patience. Buy. Hold. +* [A little more MSM FUD about Apes manipulating the market](https://www.reddit.com/r/Superstonk/comments/o75pem/msm_starting_a_coordinated_attack_against/) + * [Another](https://imgur.com/L7TPcpT) +* [Inciting Violence](https://i.redd.it/tq9oqa4k39771.jpg) \- **This is right out of the Cointelpro playbook.** + * [User has been banned](https://www.reddit.com/r/Superstonk/comments/o7602r/inciting_violence_being_upvoted_this_is_certainly/h2wtwvm/?context=3) + +**6/25** + +* [The MOASS is far away](https://www.reddit.com/r/Superstonk/comments/o7gibj/new_shill_tactic_pretending_that_the_moass_is_far/) +* [No one is nervous, no one is selling, and no one is tired](https://www.reddit.com/r/Superstonk/comments/o7pyi8/no_one_is_nervous_no_one_is_selling_and_no_one_is/) + +**6/27** + +* [Discredit DD FUD](https://www.reddit.com/r/Superstonk/comments/o9e8yq/new_shill_tactic_at_the_melt_up_make_us_think_the/) + +**6/28** + +* ["Meme stop hype can deter women from investing"](https://www.reddit.com/r/Superstonk/comments/o9encp/they_are_really_running_out_of_fud_ideas_meme/) \- Lower and lower they go. Will someone think of the children?? + +**6/29** + +* [T212 share lending](https://www.reddit.com/r/Superstonk/comments/oa7nq4/fud_alert_t212_simply_do_not_agree_to_terms_hold/) \- Also appears to be popping up on other subs in an attempt to get you to sell and move to a different broker. + +# July + +**7/1** + +* [Which stock to own in 2021?](https://www.reddit.com/r/Superstonk/comments/obld4f/is_this_because_there_are_no_shares_left_to_buy/) +* [Young adults and YOLO trading](https://www.reddit.com/r/Superstonk/comments/obp43a/why_do_they_keep_referring_us_as_kids_or_young/) +* [Shorting the RH IPO?](https://www.reddit.com/r/Superstonk/comments/obu7rf/do_not_short_their_ipo_dont_become_what_we_hate/) \- How did we all get here again? +* [Burry saying Meme stocks will crash](https://www.cnbc.com/2021/07/01/michael-burry-reportedly-says-meme-stocks-are-set-to-crash.html) + +**7/5** + +* ["MoAsS wiLL nOt HapPEn aNY MoaAARrrRR"](https://www.reddit.com/r/Superstonk/comments/oecchp/dissecting_the_latest_fud_campaign_moass_will_not/) + +**7/6** + +* [Reddit raided by a targeted spam account campaign for 10 days](https://www.reddit.com/r/Superstonk/comments/oes2su/reddit_was_raided_by_a_targeted_spam_account/) + +**7/8** + +* [Forget Gamestop](https://www.reddit.com/r/Superstonk/comments/og618d/forget_gamestop_like_really_dude_just_forget_it/) \- .... Again! + +**7/13** + +* [Anti Gary Gensler posts](https://www.reddit.com/r/Superstonk/comments/oj5dxf/apes_we_need_to_talk_this_wave_of_antigary/) + +**7/14** + +* [New copypasta showing up on Twitter](https://www.reddit.com/r/Superstonk/comments/ok6a2d/new_shill_copy_pasta_showing_up_on_twitter/) \- Running out of creativity huh? +* [**You could lose EVERYTHING**](https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/you-could-lose-everything-on-meme-stocks-franklin-templeton-ceo-135011534.html) \- "I think that the challenge with things like the meme stocks is yeah, if you time it right, you're going to do great," +* "On the other hand, you could lose everything." - Boy thanks for that groundbreaking Double Down +* [GameStop NFT Team running a scam](https://www.reddit.com/r/Superstonk/comments/ok6gol/the_nft_team_being_promoted_on_this_sub_is_a_scam/) + +**7/15** + +* [Netflix makes a video game hire](https://www.reddit.com/r/Superstonk/comments/okqmxh/i_love_that_they_use_1_hire_as_reasoning_gamestop/) +* [Spamming awards on FUD posts](https://www.reddit.com/r/Superstonk/comments/ol1rtq/i_believe_we_have_strong_evidence_that_shfs_are/) + +**7/16** + +* [Apefest](https://www.reddit.com/r/Superstonk/comments/oldwkr/shill_alert_anything_familar_i_lost_everything/) is sus - We're not done yet. So don't fucking dance. + * [Additional link](https://www.reddit.com/r/Superstonk/comments/olrtl5/if_you_needed_anymore_reason_to_believe_apefest/) +* [Market Manipulation is back! (Thanks to Social Media)](https://www.yahoo.com/now/want-1-million-market-manipulation-202457082.html) + * Same article posted to numerous sites (just google it), [including Nasdaq](https://www.reddit.com/r/Superstonk/comments/one4q1/how_the_is_this_allowed_on_nasdaqs_own_site_no/) + +&#x200B; + +&#x200B; + +**Known FUDers** + +https://preview.redd.it/4de1e69hp6c71.png?width=498&format=png&auto=webp&s=416a6df73f0ce7f9fa46a059af0760ace2b7a8bd + +Post any others and I'll update + +* [Market Watch](https://www.reddit.com/r/GME/comments/m2ih5m/wallace_witkowski_and_jeremy_c_owens_detailed/) +* Curtis Nagle -[ GME Price point is $10](https://www.reddit.com/r/GME/comments/m8llrf/curtis_nagle_10_price_target_for_gme/) + * [Additional Source](https://www.barrons.com/articles/gamestop-stock-isnt-budging-neither-are-bearish-analysts-51617729596) +* Michael Pachter -[ GME point $29](https://www.yahoo.com/now/gamestop-great-company-massively-overvalued-220556101.html) +* Joseph Feldman -[ GME Price point $33](https://tdameritradenetwork.com/video/rB4A-Hc0Gd2BdzteIVoA1g) +* Matt Krantz -[ Gamestop Short Squeeze "Rebellion" is Game Over](https://www.investors.com/etfs-and-funds/sectors/gamestop-stock-game-over-reddit-gamestop-short-squeeze-sp500-rebellion/) +* Edward Woo -[ Gamestop Price Point $10](https://markets.businessinsider.com/news/stocks/gamestop-stock-price-prediction-reddit-trading-rival-competition-edward-woo-2021-4-1030297169) +* Telsey Advisory Group -[ Keeps $30 Price target](https://www.cnbc.com/2021/04/27/telsey-keeps-30-target-on-gamestop-says-we-still-dont-know-what-the-companys-plan-is.html) \- "We still don't know what the company's plan is" +* Yahoo! Finance -[ "They have space constraints in the store, their website stinks, they can only sell video games"](https://www.youtube.com/watch?v=fK-4cysjRUE) + * Myles Udland, Julie Hyman and Brian Sozzi +* Lawrence A. Cunningham - Crash in Meme Stocks looks likely +* Emily Stewart - Do meme traders need to be protected from themselves? + +\----- + +Overwhelming list huh? Be sure to check out the[ Apes Guide to Counter-FUD](https://www.reddit.com/r/Superstonk/comments/mm5azz/the_apes_guide_to_counterfud/?utm_source=share&utm_medium=web2x&context=3) + +* [Anti-FUD Tactics](https://www.reddit.com/r/Superstonk/comments/mmtshs/some_shill_fuck_tried_to_report_me_as_suicidal/?utm_source=share&utm_medium=web2x&context=3) +* [A Comprehensive Compilation of All Due Diligence](https://www.reddit.com/r/GME/comments/lj1wqv/a_comprehensive_compilation_of_all_due_diligence/) + +&#x200B; + +**Don’t ever forget how hard they tried to get you to move on.** + +Think of how much they have spent trying to get you to sell. How much do the paid shills alone cost in total? How much is that worth to you? + +&#x200B; + +[“Great moments are born from great opportunity.”](https://www.youtube.com/watch?v=tdmyoMe4iHM) + +They have the deep pockets. + +They have the technology. + +They have the experts. + +They have the experience. + +They have the resources. + +&#x200B; + +**And they’re still fucked.** + +9 out of 10 times, Wall Street wins. But not this time. +*OF moving... + +Hello all, like many of us I am increasingly contemplating leaving the city for the countryside as I work remotely. + +Have any of you done this for financial and/or personal reasons and what’s the real impact in terms of your finances? Is there enough to do out there? What do you spend your money on now? Unexpected/hidden costs? Are you bored?? +This is probably the most important chart I've ever looked at and I wanted to share it for all the people who think we're in an "everything bubble" and who assume things are going to come crashing down any moment. Here it is: + +https://imgur.com/a/3h78xhZ + +Inflation hides bear markets. From about 1968 until 1982, it looked like the S&P traded sideways/slightly up. When adjusting for inflation, this was clearly a bear market. + +Similarly, while the prevailing narrative is that we were in a bull market prior to the 2008 crisis, adjusted for inflation we were actually in the middle of the bear market that started with the dot com bubble in and around 2000/2001. + +With the S&P breaking above inflation adjusted 2008 levels in around 2015, historically speaking, we still have a lot of room to run. + +The bull market that followed the great depression lasted 20 years. The bull market that followed the 1970s recession lasted 18 years. We are roughly 10 or 11 years into this bull market, indicating we have at least 5 more years to go. + +Time to btfd. + +Edit: Correction: It looks like the 1950's bull market lasted more like 18 years as well, which is far more interesting. +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 🚀🚀🚀 +My wife and I are early 30’s, have worked hard, caught good breaks, delayed gratification, and have paid off student loans and our mortgage. We are now debt free and own our home outright. + +I realized if you want something different than everyone around you, you will have to do things differently. This may lead to people calling you frugal, or saying you shouldn’t pay off your mortgage. + +Each choice I have made to attack debt or not take on new debt has led to the next, and once you pay off debt it impacts your decision making moving forward. You really don’t want to take on any more debt. It is too much work to pay it off to go through it again. + +I realized after graduation that paying off my student debt in 3 years instead of 15-30 will save $100k +. Lifetime earnings are finite. I turned down my ego, moved in with my parents, worked and worked overtime and put everything I made towards my student loans for 3 years. + +Sacrifice: living with parents for 3 years and driving a $3,500 car while most people in my cohort were living on their own and driving nicer cars + +Luck: having parents willing to let me live with them. + +I met my now wife, bought an inexpensive home. We continued to drive inexpensive cars and contributed to 401ks / HSAs. Extra money was put in stock for down payment for next house. + +$100k more or less on a new mortgage at ~3% does not change the monthly obligation drastically- it is so easy to take on a big mortgage with today’s rates. I realized the true game changer for us is not having a mortgage. We decided to use the money saved to payoff our current house instead of upgrading to one that would take us 15-20 years to pay off. It is amazing how much money you pay in interest on a $300k-500k mortgage over a 15 or 20 year period, even with low interest rates. If you think that this is “free money” you probably have not met a banker. Banks are rich off this. + +I don’t necessarily want to retire early. I don’t want a second home. It just puts a huge smile on my face knowing that I am actively choosing to go to work every day and I have no debt / financial obligations. It is really a much more carefree existence, and exponentially more so than when I had “most” of my mortgage paid down. Being grateful for what you have every day and realizing that even owning a car is a luxury in this world is helpful in getting there and avoiding upgrade-itis. Marie Kondo is also helpful- sell the stuff you don’t use and need. Ask yourself- is this item you have or want something you want to take with you into the next part of your life? + +Hope this inspires others to do the same, or whatever makes them happy + +Edit: this forum cracks me up. I posted here because this forums definition of financial independence is “not having to work for money.” To me, this is different than debt optimization or leverage. If you have a huge mortgage and are choosing not to pay it off despite having significant investment income, the markets will dictate your level of FI at any given time. Are you wealthy? Maybe. Will your money earn more this way over your lifetime? Possibly, or even probably. Do you own your house? No, the bank does. Does a large market downturn mean you are walking around with your pants around your ankles, like a clown? If so, then no, you are not financially independent. +How many weeks have we seen this now…the poor folks that bought into Crypto since Jan unknowingly buying into the Hedgies secret cash reserve pump and dump scheme. + +Massive sell off in crypto has seen large increases in GME the very next day or two. + +How can people not realize all of this is deeply connected at this point. No one wants to believe all the markets are manipulated by a short list of extremely rich individuals, but guess what…it’s true…and they got their hands caught in the cookie jar this time and couldn’t scare a bunch of retarded apes into panic selling. + +That is literally the only reason we are here right now. They couldn’t scare a bunch of retarded apes into panic selling, something they have been doing for a very long time to the general public��literally stealing from every retail investor in the market while the government stood by and let them do it. + +Enjoy this, this will never happen again. + +💎🙌🦍🚀🌚 +**The Historical Activities of Charlie Menger and Alibaba:** +Q1 2022: Charlie Munger **Reduce** 50.17% (302,060) shares of Alibaba +Q4 2021: Charlie Munger **added** 99.32% (300,000) shares of Alibaba +Q3 2021: Charlie Munger **added** 82.71% (136,740) shares of Alibaba +Q1 2021: Charlie Munger **buys** 165,320 shares of Alibaba + + +Charlie Munger is known as a value investor and long-term investor and Charlie has decided to buy Alibaba, **now you ask why he buys when everyone is selling?** And you say to yourself Charlie Munger is with a lot of experience in investing and he's the vice-chairman of Berkshire Hathaway and he's a friend of Warren Buffett sure he knows what he's doing. + + +Now that we've seen in Q1 2022 Charlie has decided to sell 50% of his holdings in Alibaba Does not that contradict everything Charlie Munger Warren Buffett talks about all the time? + + +**For example the quotes they say:** +"It's waiting for that helps you as an investor. and a lot of people just can't stand to wait." + +"The big money is not in the buying and selling but in the waiting" + + +**I would love to hear your opinion on the subject** + I look at: + +&#x200B; + +* How often they **hit Analysts EPS forecast** +* P/E relative to past P/E +* P/E to EPS growth rate (**PEG ratio**) +* Do I understand the business & product they are selling. + +&#x200B; + +Someone just suggested Scuttlebutt: looking at market sentiment for the product. I think I'll start trying that. +Been watching for a long time now. Price has absolutely tanked. I don’t expect it to go up for a while but might start adding some shares slowly. Thoughts? +I know that NFTs are not just JPGs. + +I know some NFTs are art. + +I know that traditional art could be useless as well. + +I know that some people made good money from that. + +But most of them are just empty promises for future gains. + +Unlike buying cryptocurrency which you can actually sell or pay with (and it's value will likely increase), you'll end up stuck with a quickly deprecating asset that depends on hype. + +Prove me wrong. + +Won't most of those who spent their crypto on NFTs end up with nothing? +Is it that different from regular collectables? +I recently came across a book on Coffee Can Investing by Saurabh Mukherjee. I wanted this community's opinion whether it is a good option or not? +Specially for people who don't find time (or are lazy !!) to do fundamental, technical and industrial analysis of stocks. +Also a follow-up question -- suppose we decide on 10 stocks which obviously have different prices. How should we decide the number of each stock in our portfolio ? + +Thanks. +https://www.cnbc.com/2019/04/24/elon-musk-tesla-will-launch-an-insurance-product-in-about-a-month.html + +When asked during a Wednesday earnings call if Tesla is considering an insurance program, Musk said the company is working on one. + +He also hinted that the carmaker will use driver data to help set rates. +Title says it all but the post needs to be at least 250 characters lol. Can we please ban clips of Cramer? Dude's a cockroach, and we shouldn't be amplifying his garbage, even if it's in jest. I'd much rather he wither away and drift off silently into obsolescence than to keep providing an additional platform for his drug-addled rants. Crook. Charlatan. Corporate mouthpiece. That should be 250 characters, shouldn't it? +I work for a small charity where I am the only salaried employee. When I joined my manager tried to dissuade me from staying auto-enrolled in the pension scheme as the charity would have to make contributions and therfore lose some money. I confirmed I planned to stay enrolled anyway and told him I was uncomfortable with him trying to influence my decision like this. + +I am on a fixed term 6 month contract which is now coming to an end, and I've just been told by my manager that the accountant messed up and never calculated my pension contribution when doing payroll. He says they have to backdate the pension contributions which means I would have to take a £450 salary deduction from my final paycheck in order to stay enrolled and contribute to the scheme. I feel like the accountant 'forgetting' isn't really accidental because of my managers reluctance to enrol me in the first place. He also withheld my payslips for 3 consecutive months because of issues with his accountant, so I wasn't able to check what deductions were (or were not) being made. + +I think my manager believes I will choose to opt out of the pension because the backdated amount would leave me with so little take-home pay that I would struggle to cover basic expenses. He also knows I dont have a new job lined up yet, so again this feels like I'm being pressured to opt out. + +My question is, what options do I have here? I'm going to enrol anyway and deal with the financial hardship, but can I request to pay back the backdated amount in installments? And what about the interest that would have accrued had he enrolled me correctly? Something feels off and I don't want to just go along with what he says if there's a better way.... + +Thanks for reading, I hope someone more savvy than me can offer advice! + +Edit as requested by some: I am being paid £30k/annum on a 6 month contract, so £15k before tax. Thanks so much for everyone's feedback so far, I really appreciate it! +[link](http://translate.google.com/translate?js=y&prev=_t&hl=en&ie=UTF-8&layout=1&eotf=1&u=http://www.spiegel.de/spiegel/0,1518,709761,00.html&sl=de&tl=en&act=url) to the translates article. + +Sorry for the google translated article, still looking for an english version of it. + +This study is specially interesting in regards of the planned [ACTA](http://en.wikipedia.org/wiki/Anti-Counterfeiting_Trade_Agreement) agreement, which is just adding obstacles and unnecessarily delaying the further rapid development of mankind as a whole. +Hey guys, + +Frequent reader and occasional commenter; since I haven't seen this posted about too often, I thought I'd create a thread about it. + +If anyone has inherited wealth or will eventually, I wanted to know if you feel guilty about using it and enjoying the results of the hard work your parents/relatives put in? If so, how do you deal with it? + +The reason I'm asking is that my wife and I are in our mid-30s and have a combined net worth of \~$1.7M. Our yearly expenses are about $60k or so - we live in a VLCOL area outside the US and aren't extravagant. We will inherit an 8 digit sum combined from both families at a (much later) stage. Also, yes, I know a lot of people on this sub say don't bank on wills and inheritance, but it's a fairly safe bet at this point as we were part of the succession planning process. + +I made most of my money by working at a FAANG and holding on to every RSU from my grants. The remainder was from other investments. I'm at a crossroads where I do not want to stay at said FAANG and explore other career options, namely either founding my own company or working at the family investment/real estate business. + +On one hand, I'm tempted to stay on at the FAANG because it's a nice salary and my parents are proud that I haven't relied on them for a dime since college. On the other hand, I am fed up of what I'm doing and feel like I've gotten what I need to out of it. However, I may have to rely on part of my parents' cash flows in at least 6 months if I do strike out on my own - I have a number of long-term investments that I don't want to liquidate at this point. Even if I were to work at the family business, I'd still feel like I'm getting paid by my parents to work, which I'm not keen on as I feel like I'm free-riding. + +I'm really torn between doing what I think I'm good at and I enjoy doing, but feeling like I'm accepting a handout from my parents vs. sticking on to something just for the money. I know my financial position affords me some risk taking ability, but I'm reluctant to use it because I feel like I didn't earn most of it. + +Has anyone been in a similar situation before? If so, how did you deal with it? + +EDIT: I saw a downvoted post that was really strange in implying I wanted this money sooner than later by wishing bad things upon my parents. + +I nearly lost my father last year, which is why this post touched a nerve. To clear things up, I am merely asking this question because I am at a career crossroads and feel guilty about potentially relying on my parents. To suggest that I want something bad to happen so that I can get access to money is just plain wrong. Nothing could be further from the truth. I'd rather give up the money in place of an opportunity to spend more time with them. + +EDIT 2: Wow, I never expected to receive so many thoughtful responses to this post! Thank you all so much for weighing in. I will do my best to respond to each message. +Hello, + +I'm thinking about buying a home next year, I need more room for my kids. + +I currently have no investment account other than my 401k. I'm contributing the minimum to it to get my employer match and putting all much at I can in a savings account. + +My thinking is having the liquid money is better for buying. +Also I don't know where to start with investing. + +What do you think works be my way forward? +Thanks in advance + +EDIT: I'm not using my 401k for the down payment just thought of saying it was the closest I had tho an investment account +TLDR: rough draft of various ideas which are still incomplete, where I try to connect and make sense of how we arrived to where we are now. [Relevant prior post](https://reddit.com/r/Superstonk/comments/p08yqz/big_bigger_biggest_pt2_the_banks_are_drowning/) + +>“If the American people ever allow **private banks** to control the issue of their currency, **first by inflation, then by deflation**, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” + +>“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity under the name of funding is but swindling futurity on a large scale.” –Thomas Jefferson + +&nbsp; + +[Exactly 50 years ago Today (Aug 15,1971) the US was taken off the gold standard. Since then, the dollar has lost over 85% of it's value.](https://www.reddit.com/r/Superstonk/comments/p51rh5/exactly_50_years_ago_today_aug_151971_the_us_was/) + + +&nbsp; + + +>“In fact this is precisely the logic on which the **Bank of England**—the first successful modern **central bank**—was originally founded. In 1694, a consortium of English bankers made a loan of £1,200,000 to the king. In return they received a royal monopoly on the issuance of banknotes. What this meant in practice was they had the right to advance IOUs for a portion of the money the king now owed them to any inhabitant of the kingdom willing to borrow from them, or willing to deposit their own money in the bank—in effect, to circulate or "monetize" the newly created royal debt. This was a great deal for the bankers (they got to charge the king 8 percent annual interest for the original loan and simultaneously charge interest on the same money to the clients who borrowed it) , but it only worked as long as the original loan remained outstanding. **To this day, this loan has never been paid back. It cannot be. If it ever were, the entire monetary system of Great Britain would cease to exist**.” David Graeber + +&nbsp; + +[80% of all US dollars in existence were printed in the last 22 months (from $4 trillion in January 2020 to $20 trillion in October 2021)](https://www.sofx.com/2021/12/28/80-of-all-us-dollars-in-existence-were-printed-in-the-last-22-months-from-4-trillion-in-january-2020-to-20-trillion-in-october-2021-tech-startups/) + +&nbsp; + +>Earnings don't move the overall market; it's the Federal Reserve Board... focus on the central banks, and focus on the movement of liquidity... most people in the market are looking for earnings and conventional measures. **It's liquidity that moves markets.** Stanley Druckenmiller + +&nbsp; + + +&nbsp; + +JPOW printed so much money that the Federal Reserve [stopped reporting](https://fred.stlouisfed.org/series/M2) on how much was printed. "Inflation is transitory". [They're Lying](https://www.reddit.com/r/Superstonk/comments/po7bxd/theyre_lying_bls_has_been_manipulating_the/): **BLS has been Manipulating the Inflation Statistics since the 1970's by taking out items from the CPI that rise too fast, since these items are "volatile". If you add back real FHFA House Prices- we're already well above 10% Realized Inflation!** + +&nbsp; + +>"That's what the owners count on; the fact that Americans will probably remain willfully ignorant of the big red, white and blue dick that's being jammed up their assholes everyday. Because the owners of this country know the truth: it's called the American Dream, because you have to be asleep to believe it.” - George Carlin + +&nbsp; + +#The truth is, [Hyperinflation is Coming](https://www.reddit.com/r/Superstonk/comments/o4vzau/hyperinflation_is_coming_the_dollar_endgame_part/) +&nbsp; + +>The massive debt loads have been transferred worldwide, and sovereigns are starting to call our bluff. Systemic risk within the US financial system (from derivatives) has built up to the point that collapse is all but inevitable, and the Federal Reserve has demonstrated it will do whatever it takes to defend legacy finance (banks, broker/dealers, etc) and government solvency, even at the expense of everything else (The US Dollar). + +&nbsp; + +Ask yourself why is neither party talking about this? Because everything that comes out of their mouths is purposeful misdirection in order to steal(see GME) and extract as much profits as possible. Why is the government not doing anything? It's because they KNOW, and have known. Who do you think funds these politicians? The system is working just as intended. + +&nbsp; + +>“The smart way to keep people passive and obedient is to strictly limit the spectrum of acceptable opinion, but allow very lively debate within that spectrum....” + +&nbsp; + +>“The whole educational and professional training system is a very elaborate filter, which just weeds out people who are too independent, and who think for themselves, and who don't know how to be submissive, and so on -- because they're dysfunctional to the institutions.” + +&nbsp; + +The people who Adam Smith called the "masters of mankind," +and they're following the vile maxim, "**All for ourselves and nothing for anyone else.**" +They're just going to pursue policies that benefit them and harm everyone else. +And in the absence of a general popular reaction, that's pretty much what you'd expect. +Right through American history, there's been an ongoing clash... +between pressure for more freedom and democracy coming from below, +and efforts at elite control and domination coming from above. +It goes back to the founding of the country. +James Madison, the main framer, +who was as much of a believer in democracy as anybody in the world in that day, +nevertheless felt that the United States system should be designed, +and indeed with his initiative was designed, +so that **power should be in the hands of the wealthy... +because the wealthy are the more responsible set of men.** +And, therefore, the structure of the formal constitutional system +placed most power in the hands of the Senate. +Remember, the Senate was not elected in those days. +It was selected from the wealthy. + +&nbsp; + +>The history of all previous societies has been the history of class struggles. + +&nbsp; + +Can't you see it? [This is a "retail vs. Mega Banks" issue. The rich, and I mean all of Wall Street, are trying desperately to shut GameStop down because it has the chance to suck out trillions if not hundreds of trillions from the game they've played for decades.](https://www.reddit.com/r/Superstonk/comments/o0scoy/the_bigger_short_how_2008_is_repeating_at_a_much/) We're fighting a class war, just by holding GME. + +&nbsp; + + +>“There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.” ― Warren Buffett + +&nbsp; + +>It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. - Henry Ford + +&nbsp; + +Another statement that I believe is true, is that crashes are planned. I'll give you an example + +&nbsp; + +>In 2004, Henry Paulson, the CEO of Goldman Sachs, helped lobby the SEC to relax limits on leverage, allowing the banks to sharply increase their borrowing. Basically, the SEC allowed investment banks to gamble a lot more. Investment banks would go up to about 33-to-1 leverage at the time of the 2008 crash. Which means if a 3% decrease occurred in their asset base, it would leave them insolvent. Henry Paulson would later become the Secretary Of The Treasury from 2006 to 2009. He was just one of many Wall Street executives to eventually make it into Government positions. Including the infamous Gary Gensler, the current SEC chairman, who helped block derivative market regulations. + +&nbsp; + +>The Government also then took over AIG, and a day after the takeover, asked the Government for $700B in bailouts for big banks. At this point in time, the person in charge of handling the financial crisis, Henry Paulson, former CEO of Goldman Sachs, worked with the chairman of the Federal Reserve to force AIG to pay Goldman Sachs some of its bailout money at 100-cents on the dollar. Meaning there was no negotiation of lower prices. Conflict of interest much? + +&nbsp; + +>The Fed and Henry Paulson also forced AIG to surrender their right to sue Goldman Sachs and other banks for fraud. + + +“Kenny was [in the room](https://www.rollingstone.com/feature/wall-streets-naked-swindle-194908/amp/) when bear Stearns and Lehman brothers were being sacrificed.” [OP](https://reddit.com/r/Superstonk/comments/sgke5a/_/huxk43k/?context=1) + +>Bear, in fact, was the only major investment bank not represented at the meeting, whose list of participants reads like a Barzini-Tattaglia meeting of the Five Families. In attendance were Jamie Dimon from JPMorgan Chase, Lloyd Blankfein from Goldman Sachs, James Gorman from Morgan Stanley, Richard Fuld from Lehman Brothers and John Thain, the big-spending office redecorator still heading the not-yet-fully-destroyed Merrill Lynch. Also present were old Clinton hand Robert Rubin, who represented Citigroup; Stephen Schwarzman of the Blackstone Group; and several hedge-fund chiefs, including **Kenneth Griffin of Citadel Investment Group.** + + +[the banks have accounts with the Fed much +the same way that you have an account in +a commercial bank so to lend to a bank +we simply use the computer to mark up +the size of the account that they have +with the Fed](https://www.youtube.com/watch?v=U_bjDAZazWU&t=15s) - Bernanke + +&nbsp; + +**[Nomura, JPMorgan and Goldman Sachs Received a Cumulative $8 Trillion from the Fed’s Emergency Repo Loans in Fourth Quarter of 2019](https://imgur.com/gallery/letXPSo)** + +&nbsp; + +>The Dodd-Frank financial reform legislation of 2010 ordered the Government Accountability Office (GAO), an investigative body for Congress, to audit the Fed’s alphabet soup of emergency lending programs conducted during and after the 2008 financial crisis. The GAO found that a cumulative $16.1 trillion had been pumped out to Wall Street firms by the Fed – at super cheap interest rates. The GAO provided data for the peak amounts outstanding and also a cumulative total. + +&nbsp; + +The Fed can just give money to banks just by changing some digits on a computer screen. You have a machine that can create money out of thin air(Fed), and a market maker(Citadel), who can create shares out of thin air. + +&nbsp; + +Let's say Melvin Capital needs a cash infusion and they are a client of Goldman Sachs. Goldman can ask for money from the Fed who marks up Goldman's account, and then Goldman marks up Melvin's account. See how easy it is? And you wonder why the MOASS hasn't happened yet. + + +&nbsp; + +One last point, is that the current president had a hand in the de-regulation of the markets + + +&nbsp; + +> Trident supported a baby-step deregulatory effort in the early 1980s, and then, in 1994, he backed a very big one: the Riegle-Neal Interstate Banking and Branching Efficiency Act, which eliminated the remaining barriers to where banks could operate. The law passed with overwhelming bipartisan support and was fairly innocuous in some respects, codifying changes that were already happening at the state level. But it opened the floodgates to an era of corporate consolidation. **Delaware’s financial institutions got another big boost in 1999, when Trident voted for the Financial Services Modernization Act, which repealed the Depression-era Glass-Steagall law barring banks from owning securities and insurance businesses.** By 2016, there were almost 5,000 fewer banks in the United States than there were two decades earlier, and the 10 largest firms controlled half of all banking assets. + + +&nbsp; + +Both parties are complicit. + + +&nbsp; + +[Neoliberalism – the ideology at the root of all our problems](https://www.theguardian.com/books/2016/apr/15/neoliberalism-ideology-problem-george-monbiot) + + +&nbsp; + +>Back in 1947, as the world was rebuilding from the destruction of the Second World War, a few dozen free-market ideologues met in a luxury Swiss resort to form the Mont Pelerin Society—an organization devoted to spreading the ideology of neoliberalism throughout the world. Their ideas—that the **free market should dominate virtually all aspects of society, that regulations should be dismantled, and that individual liberty should eclipse all other considerations of fairness, equity, or community welfare—were considered fanatical at the time. Over three decades, though, financed by wealthy donors, they assiduously expanded their plot for global domination, establishing networks of academics, businessmen, economists, journalists, and politicians, in global centers of power.** + + +&nbsp; + +>When the stagflation crisis of the 1970s threw classic Keynesian economics into disrepute, their moment of opportunity arrived. By 1985, with free market disciples **Ronald Reagan and Margaret Thatcher entrenched in power, they initiated a campaign to systematically transform virtually all aspects of life into an unrestrained marketplace, where everything could be bought and sold to the highest bidder, subject to no moral scruple. They crippled trade unions, tore up social safety nets, reduced tax rates for the wealthy, eliminated regulations, and instituted a massive transfer of wealth from society at large to the uber-elite.** + + +&nbsp; + +>Every time a new crisis **occurred of their own making**, such as the Great Recession of 2008, they took advantage of the mayhem they caused to double down on their power, and extend their reach even further, bringing the ideology of the marketplace into domains, such as education, law enforcement, or wilderness preserves, that had previously been considered sacrosanct. The Neoliberal conspiracy has succeeded in transferring massive wealth to the uber-elite. + + +&nbsp; + +[The Century of the Self - Part 1: "Happiness Machines"](https://www.youtube.com/watch?v=DnPmg0R1M04) + +The story of the relationship between Sigmund Freud and his American nephew, Edward Bernays. Bernays invented the public relations profession in the 1920s and was the first person to take Freud's ideas to manipulate the masses. He showed American corporations how they could make people want things they didn't need by systematically linking mass-produced goods to their unconscious desires. +\*Disclaimer: I am not a financial advisor and I am not offering you financial advice. I am also not telling you to purchase any of the securities listed below as their was some "real" short interest covering during the referenced times below. + +**TL;dr** Hedgies never covered GME and we're going to see this by reviewing the below information on heavily shorted stocks from 2020. + +A Disney movie taught me, you can't know where you're going without knowing where you've been, and I would 100% agree with that thesis. + +I compared the statistics of 75 of the most heavily shorted stocks in 2020 and found some interesting information that leads me to believe it would be IMPOSSIBLE for shorts to have covered all of their exposed short interest as share prices trended upwards from March, 2020 - January 2021 due to increased retail trading. All of these stocks were listed with 24% short interest or more of shares outstanding at some point during 2020. This is probably not a complete list. + +# Heavily Shorted Stocks + +I found an article talking about heavily shorted stocks in 2020 so I decided to take a peek down the rabbit hole... I fell a long ways. Now, it's your turn! In early 2018 the FED began the reversal of quantative easing (QE) (QE is aimed to increase money supply in order to "stimulate" the economy) to quantative tightening (QT) (QT is aimed to decrease the amount of liquidity within the economy). This plan lasted until early 2019 when the FED noticed the negative effects on the market, and pumped the brakes on QT, turning back to QE to keep our economy and markets from tanking. During QT, the economy looked to be on a decline so bears came out of hibernation and began shorting A LOT of different stocks at ***heavy*** rates. We often hear about the "losses" that shorters suffer, but we need to keep in mind those loses are "unrealized" until the short position is actually closed, and there is no time limit to close a short position... This note will be important later on. We can also notice some patterns forming with quite a few of these securities after their "squeeze", similar to that of GME. Remember, GME SI% was incredibly high compared to the other stocks on this list. I also have evidence of what I believe to be real price discovery on a few of these stocks after short interest was truly removed, though this is a small minority. + +I did not realize how much of a cancer short interest, even a small amount, can be on a stock price until I started looking at the deep history of these stocks, their pricing, and their amount of short interest. It would almost seem as if, once SI is introduced, SI is responsible for price discovery as there is a complete inverse relation nearly all of the time, but that's a story for a different day. + +Here's the list of the heavily shorted stocks: + +[75 Heavily Shorted Stocks from 2020](https://preview.redd.it/88lk4hkcdjr71.jpg?width=1199&format=pjpg&auto=webp&s=5c8ed12cdae8a706710c84658bf26ac59ca5955c) + +Below, are the articles that I originally found that started this journey. I crosschecked their SI% with the SI% on ycharts and used ycharts information. The February, 2020 article actually calls out naked shorting of GME like it's no big deal: *"One explanation for how it's possible that the short interest can equal nearly all existing shares is that the stock held by institutions is loaned through a securities lending program. In this scenario, a corresponding buyer of those shorted shares subsequently lends the shares again, and those same shares are shorted multiple times."* Just naked shorting... + +[https://Beekingalpha.com/article/4322003-heavily-shorted-stocks-february-2020](https://Beekingalpha.com/article/4322003-heavily-shorted-stocks-february-2020) (replace the capital "B" with an "s" + +[https://Beekingalpha.com/article/4379061-heavily-shorted-stocks-october-2020](https://seekingalpha.com/article/4379061-heavily-shorted-stocks-october-2020) (replace the captial "B" with an "s" + +Another couple highlights from the Feb, 2020 article: + +*"2019 was difficult for short-sellers considering what ended up being a historically strong year for the broader equity market with the S&P 500 (*[*SPY*](https://seekingalpha.com/symbol/SPY?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link)*) returning 31%. Indeed, any bearish thesis based on an expectation that the U.S. and or global economy would spiral into a recession simply did not pan out or at least has not yet. The combination of supportive monetary policy, better than expected corporate earnings, and otherwise resilient economic growth was able to push stocks over the proverbial 'wall of worry' compared to fears in the first part of last year."* + +*"In many cases, climbing short interest has been a multi-year trend for these companies with the stocks down by even larger amounts from their all-time high going back many years. It's fair to say that a poor stock price performance simply attracts more bearish sentiment."* + +Bears are getting hungry. + +Let's break down a few highlights from the 75 heavily shorted stocks: + +1. 24 of the 75 stocks had a sharp run-up occur from 1/25 - 1/29/2021 similar to that of GME's on 1/27, albeit smaller run-ups. Some have trended up and some down from these spikes. +2. Nearly all of the stocks had a similar price spike in the weeks preceeding and the weeks after 1/27/2021. +3. 54 of these 75 stocks had their share price grow by more than 50% from bottoms in February and March of 2020 compared to their peak prices in January or February of 2021. + 1. 40 of those stocks saw their share price increase by more than 100%. +4. A LOT of short interest was "covered" from 12/30/20 - 2/15/21 (when most of the stocks were entering their peaks). +5. It wasn't all losing for the SHF's as 14 of these companies were delisted (due to buyout), bankruptcy, or the stock trading under $1 (which can remove it from NYSE/NASDAQ listing if it stays low). +6. It does appear that there was some real covering on some of these securites, probably those SHF's who could still make a profit, and some small loses, BUT short interest exposure far outweights any profits. +7. Had all of this short interest actually been covered/closed we would have seen a major drop in FINRA's reported margin debt statistics. Instead, we've seen a GIANT margin debt ERECTION since March, 2020 (when these stock prices began trending upwards) which has continued to rise since everything was cOvErEd. + +Here is average share price of these stocks from 3/2020 - 9/2020 (The bold red line is the trend line for all): + +[data from ycharts.com](https://preview.redd.it/wyhj4amxphr71.jpg?width=1063&format=pjpg&auto=webp&s=0a4829eb92b23d149a69d4fc8a9f2d2c89cb4fa0) + +Average share price is growing over time. + +Here is the average short interest % of outstanding shares during the same time period (The bold red line is the trend line for all): + +[data from ycharts.com](https://preview.redd.it/aymoqez6qhr71.jpg?width=976&format=pjpg&auto=webp&s=79383dfce79978dd64f885ca0ebf27065dcc843e) + +A lot of these securities experienced extreme drops in March, 2020 where short interest was piled on some of these. Average short interest for the group during these time periods are as follows: + +3/13/20: 27.95% + +6/30/20: 27.80% + +9/30/20: 27.95% + +If share prices are going up wouldn't that be bad for the shorts? Correct. Quite a few of the securities on this list actually saw an increase in SI% while the stock price was trending up (GME being the prime example, increase from 84.25% on 6/30/20 to 105.30% on 9/30/20 while the share price trended up from $4.80 - $10.35). + +Let's get to the fun stuff. Heavily shorted stocks share pricing and SI% of all shares outstanding near the run-up dates (all data from [ycharts.com](https://ycharts.com)): + +[Group 1 of 1\/27\/21 Share Price Run-Ups](https://preview.redd.it/ky5nfjk9bgr71.jpg?width=1113&format=pjpg&auto=webp&s=9cd78992d4bee1d432fa68bc23a839181a951465) + +[Reported Short Interest 1\/29\/21 \(My closing out at the peaks must have been EXPENSIVE\)](https://preview.redd.it/ynl2gjvibgr71.jpg?width=1114&format=pjpg&auto=webp&s=fd24f3aae005ed8cf6111bf0768fa1a2062e5b7e) + +As can be seen, the share prices and SI% correlation seems to indicate a short squeeze took place on all these stocks... But wait, THERE'S MOOOORE. + +[Group 2 of 1\/27\/21 Share Price Run-ups... Maybe you're already seeing some correlating prices post 1\/27\/21? But, I thought tHeY cOvErEd? \(Look at 3\/21 and 6\/21\)](https://preview.redd.it/p3jxjeqsbgr71.jpg?width=1225&format=pjpg&auto=webp&s=f96fb7383c0a817c4cf8e5417a44fdc06521f2b2) + +[Reported Short Interest 1\/29\/21... Covering a buttload of shorts](https://preview.redd.it/kf0cswwybgr71.jpg?width=1117&format=pjpg&auto=webp&s=9086b0a61ca2af3b8a10fc9aa5c2c0920457869d) + +[Group 3 of 1\/27\/21 Share Price Run-Ups. Boy, I'm still seeing some correlating patterns](https://preview.redd.it/z142h3y9dgr71.jpg?width=1223&format=pjpg&auto=webp&s=76ab2c4cbcf6667220aa720cb909f636206f1e8b) + +[Reported Short Interest 1\/29\/21... More \\"covering\\"](https://preview.redd.it/j3l8xcjjggr71.jpg?width=1117&format=pjpg&auto=webp&s=d1c051bafedcd20afb0703457819b71eb31bc6b1) + +[Group 4 of 1\/27\/21 Run-ups](https://preview.redd.it/ze33pagqggr71.jpg?width=1221&format=pjpg&auto=webp&s=97a767d727f1081a9df6d8dcd6a52ae438fe6f64) + +[Reported Short Interest 1\/29\/21... I said, tHey cOvErEd](https://preview.redd.it/p0gowynphgr71.jpg?width=1229&format=pjpg&auto=webp&s=1220c0712d5cce961fd67f3896ef88caffb07ad7) + +Let's take a look at a few more. Here are the 2/8 - 2/10/21 run-ups on heavily shorted stocks: + +[Group 1 of 2\/8 - 2\/10\/21 Run-ups on heavily shorted stocks... Patterns, patterns everywhere](https://preview.redd.it/a9hkmtybhgr71.jpg?width=1224&format=pjpg&auto=webp&s=9454ba0ae74eab8cdad785ce5f224063849a37fc) + +[Reported Short Interest 2\/12\/21... And... It's gone. \(1\/29 short interest is one tick back\)](https://preview.redd.it/gb06umnlhgr71.jpg?width=1345&format=pjpg&auto=webp&s=e33858e16a3c66ef6d2231cd475d0e93caa4dc8c) + +[Group 2 of 2\/8 - 2\/10\/21 Run-ups on heavily shorted stocks...](https://preview.redd.it/p9a6hxxaigr71.jpg?width=1111&format=pjpg&auto=webp&s=53185ff764b6dff6bfd525e7b4dc3a9bd7b9b3da) + +[Reported Short Interest 1\/29\/21 \(the chart says 1\/15, but the line is over 1\/29 data\)](https://preview.redd.it/lt91mlvligr71.jpg?width=1226&format=pjpg&auto=webp&s=ac8eeb01c4ee223c5cea8c69c971dc424dbea185) + +Here's some things to remember: + +* Short sales are ALWAYS held in margin accounts because you're borrowing something that isn't yours that needs to be RETURNED. +* Initial and Maintenance Margin requirements are substantially higher for short shares versus long shares opened and held in margin accounts. + * Long Margin Positions: Customer is required to put at least 50% cash down (in a margin account) and up to 50% may be borrowed. Customer equity must not sink below 25% the current market value of the securities in the account or a margin call will occur (maintenance margin). + * Short Positions: Initial cash deposited into a margin account must be equal to 150% the value of the short position being opened (1 short share at a $5.00 price would require $7.50 in margin). Maintenance margin is 125% minimally compared to current share price of the security. + +It would seem that if a lot of short positions were open, and the prices started to go up, we would see a pretty heavy spike in FINRA's reported margin debt... What's that? We have seen a giant spike since March, 2020? Interesting... Well, certainly when they closed all those leveraged short positions from December, 2020 - February, 2021 we would have seen a dramatic drop in margin debt... Wait a second, it keeps going up! This cannot be possible with the sheer amount of leveraged short positions being "closed" UNLESS there's still exposure we're not seeing. Hasn't the S&P 500 been on a rocket climb since last year? If these were margin long positions wouldn't their margin requirements be dropping, causing a decrease in margin debt? Yes, it should. I see your shorts Ken. + +[https:\/\/www.finra.org\/investors\/learn-to-invest\/advanced-investing\/margin-statistics](https://preview.redd.it/tph0gcbrahr71.jpg?width=654&format=pjpg&auto=webp&s=91adc7bf32312e8b5b4b64317833f19c5d3f98be) + +[Ruh Roh Raggy, why you not drop like a rock?](https://preview.redd.it/rni3dqgg9mr71.jpg?width=651&format=pjpg&auto=webp&s=b996c431cc4bcf4061b8ef66456e14947e8551c3) + +Okay, I've got 3 more pictures available to try and show you how I got here. First things first, as mentioned earlier, there is no time limit on how long a short position can remain open so we need to start thinking bigger picture, put on the wide view lenses to figure out price points that hedgies took out shorts to determine exposure/leverage. Here's a good example of a security I believe was allowed to unwind short interest after March, 2020: + +[10 year view RH Price \(purple\) v. RH Short Interest \(Orange\)](https://preview.redd.it/y5one094air71.jpg?width=918&format=pjpg&auto=webp&s=9c61d52456515f34901a584c882192c99ddb4ed7) + +As can be seen by the graph, from 2013 - 2015 SI was ramped up from basically nothing to about 27% SI in the $40 to $100 range. It appears they unloaded some of these positions during 2016. Not sure why the price dropped though. Short interest was then reapplied from early 2016 to late 2017 around the $25 - $80 range, but the price continued to climb which most likely made the SHF's realize they were in a losing battle. After this, short interest was gradually reduced, tapering off hard in 2020 which allowed the stock price to climb, reaching roughly $720 this year. + +Here's another shorted security where it appears short interest is being pulled back, allowing some level of actual price discovery, in comparison to GME: + +[DDS Price \(blue\), short interest \(green\) & GME Price \(purple\), short interest \(orange\)](https://preview.redd.it/0x1wh3c9bir71.jpg?width=932&format=pjpg&auto=webp&s=14a1a5288f858590c30cd1f445db3776b9a009cd) + +DDS went from a short interest of 20.19% on 12/31/2020 to 5.23% by 2/26/2021. DDS had an initial squeeze to $104.46 and has trended up ever since. That's a short interest of less than 1/5 of what GME had reported on 12/31/2020 at 109.3%, and I've got to assume GME has had a bit more buying/holding pressure than DDS over the past 10 months. This chart is my clearest indication that GME short interest has not been covered, and that some other high short interest stocks are being unwound so real price discovery can happen. + +Last image, GME short interest 5-year chart: + +[GME Price \(purple\) v, Short Interest \(orange\)](https://preview.redd.it/9r8pxib5gir71.jpg?width=953&format=pjpg&auto=webp&s=120eed8d027002c4739b0dafd7bdb3e71b9b33fc) + +GME short interest rapidly grew in late 2018 - late 2019 with a price range of roughly $16 when the shorting spree began, to a low share price of roughly $6.15 before backing off and reapplying in later 2020 with a price range of roughly $4.00 when the shorting began, to a share price of roughly $11.88 at it's peak (shorting on the way up). Anybody still think the hedgies covered? + +These seem like catastropic losses across the board. Why aren't hedgies buildings catching fire? Why margin debt continue to skyrocket? Why other securities showing major price improvements as SI% drops? + +# BECAUSE HEDGIES COULDN'T COVER GME WITHOUT GOING BANKRUPT. + +# Retail Involvement is Cause of Rising Share Prices + +Many of you are surely wondering why the prices steadily increased in 2020 while we were in the midst of you know what, and I'm not going to give you a long, complicated story because it is simple, and I've already written about it. The simple answer is it was [you.](https://www.reddit.com/r/Superstonk/comments/ok494x/the_rise_of_the_retail_investor_in_early_2020/?utm_source=share&utm_medium=web2x&context=3) Summary: There was a 95% increase in the S&P 500 trading volume in June of 2020 compared to October of 2019, and there is evidence to support that this was primarily you, the retail investor, and that instituational liquidity hadn't really improved. ATS reported trading went through the roof (where retail orders are routed) during this time, and the average trade size reduced (instead of getting 10,000 share orders, they were getting smaller orders). This trend has continued and accelerated into 2021. + +Supporting Evidence: + +[NYSE Data Insights Article](https://www.nyse.com/data-insights/market-volume-and-off-exchange-trading) + +[Trading Volume is Up from 2020's Breakneck Pace as Retail Investors Jump In](https://www.cnbc.com/2021/01/22/trading-volume-is-up-so-far-from-2020s-breakneck-pace-as-retail-investors-get-even-more-active.html) + +[Q2 2021 Retail Investing Already Outpacing 2020 Totals](https://www.businesswire.com/news/home/20210714005803/en/Q2-2021-Retail-Investing-Already-Outpacing-2020-Totals) + +# Additional Notes on Heavily Shorted Securities + +I'm all out of pictures, but here's some more information to finish this bad boy off. + +**Companies with high short interest in 2020 where the hedgies appear to have won, or are winning:** + +CRC: Filed bankruptcy October, 2020 + +WPG: Trading under $1 + +MNK: Under $1 + +GTT: Under $1 + +VAL: Filed bankruptcy 5/2021 + +AMAG: Delisted, bought by Covis Group + +MSGN: Delisted, bought by MSG Entertainment + +ERI: Delisted, merger with Ceasars Entertainment + +FIT: Delisted, bought by Google + +WDR: Delisted, bought by Macquarie + +HIIQ: Delisted, bought by Benefytt Tech + +INTEQ: Delisted + +JCPNQ: Delisted + +MIK: delisted, going private, bought by Apollo Management Group + +**Interesting Stock Price/SI% Charts to Review (remember, zoom out, sometimes to max view):** + +LGND + +SKT + +CLVS + +MAC + +M + +DVAX + +CVM + +CLF + +There's plenty more out there to review. Again, I'm not telling you to buy any of these, GME is the way, but there appears to be exposed short interest everywhere and when the debt bubble pops it'll certainly be interesting (and frightening) to watch it unfold. + +I don't care where you're hiding them Ken, whether it be in married puts/calls, swaps, FTD's, the mayo jar, etc. It's about time to pay up. You have been weighed, you have been measured, and you have been found wanting. + +Remember, don't trust information blindly. Go look into these comparison's for yourself. You can open a 7 day free trial version of ycharts anytime... Buckle up. See you on the other side of the moon. + +Tanks fo' reedin' +Hi, + +Currently in the process of applying for a mortgage and they came back and said I had a default on my credit file with Sainsburys Bank. I then fend out that my mum had taken a loan out in 2017 in my name and has been paying it off since. She then stopped paying during covid and the account eventually went into default. She has shown me the payments she has missed and the payments she had made and the balance has now been paid off (albeit after default) + +I am obviously gutted and furious and spoken to Sainsburys and given them my name , DOB and customer reference number and they have basically said they have no record of the account so can’t do anything at this time and can’t even find the account so they can’t comment on any payments etc or how they can help. + +I’m currently on hold to ActionFraud but at the moment I have had a loan taken out in my name, a default on my credit file and the lender of said loan saying they have no record of it on the systems they have access to over the phone. I just feel totally hopeless I don’t know where I can go from here? +If the lender is saying they can find no record of it and say there’s nothing they can do at this time then what else can I do to get this resolved ? + +Any advice would be greatly appreciated. + +Thanks in advance +Numbers reference Afterpay's HI FY20 results (https://www.afterpaytouch.com/images/27022019-H1-FY20-Results-Presentation.pdf) + +Some food for thought: + +- Current market cap of afterpay (AP) = $11 billion + +- Tencent took a speculative stake at ~$300 mil for 5% stake. This would imply fair valuation of $6 billion after their due diligence. (https://smallcaps.com.au/chinese-fintech-giant-tencent-buys-stake-afterpay/) + + - AP previously peaked at $40.50 on 19 Feb 2020. Current market price is $41.20. + +- Prior to covid19, AP's half year total income was 212 mill. This would suggest a price to income of 26. It's not possible to do a PE because AP is still operating at a loss (page 3) + +- AP concedes that its business model/profitability relies on "good customer behaviour" (page 5). It basically runs no credit checks before allowing people to purchase predominantly discretionary items. + +- we are currently in the biggest economic crisis since the depression. (https://tradingeconomics.com/united-states/manufacturing-pmi) +Certara (ticker will be $CERT) recently filed for it’s IPO - I think it’s an interesting pick & shovel play in the biopharm space, so I thought I’d share here. + + +From [Nasdaq](https://www.google.com/amp/s/www.nasdaq.com/articles/biosimulation-software-company-certara-files-for-an-estimated-%2524500-million-ipo-2020-11-18%3famp): + + +> Certara, which provides biosimulation software and services used for drug development, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering. However, this is likely a placeholder for a deal we estimate could raise up to $500 million. + + +> The company uses its biosimulation software and technology to conduct virtual trials using virtual patients to predict how drugs behave in different individuals, which it believes can transform traditional drug discovery and development. Its integrated, end-to-end platform is used by more than 1,600 biopharmaceutical companies and academic institutions across 60 countries, including the top 35 biopharmaceutical companies by R&D spend in 2019. +Hey boys and gals, back for another round of DD? Don’t mind if I do. Probably a good day to post this since my last play (AFL) jumped 18% today... + +**Ticker:** CI1 + +**Current SP:** 0.034 + +**Market Cap:** 42 million + +**What do they do?** + +Credit Intelligence is a debt restructuring and personal insolvency firm that has operations in Hong Kong, Singapore and Australia (but only recently in the latter two). They basically provide what I’d call ‘personal bailouts’ (I have no idea if this is a legit term) for people who are going bankrupt or about to go bankrupt by consolidating individuals or business debt into one loan that’s much easier to pay off. They also do credit funding and personal loans for people/organisations, for those that can’t quite afford that extra box of tendies on the weekend or need a hotel quickly cause their wife’s boyfriend kicked them out. + +They’ve acquired 4+ companies over 2020, including 2 in Singapore, Chapter Two Holdings in Sydney (this was their entry to the Australian market) and 60% of YOZO Finance Pty Ltd, which is basically an automated debt-approval system that uses The Power of AI – ooh fancy! Apparently up to 90% of personal loans are knocked back due to poor admin, customer errors or lack of knowledge, and the latter aims to find those customers who want loans and actually DO qualify but are just too stupid to fill out the form correctly, bringing them into the business. Recently they have entered a Buy Now Pay Later (BNPL) space for consumers who have been hit hard by COVID-19, but still want to purchase recklessly. All this is to say – there’s some interesting expansion, backed by solid business decision-making. + +**Financials:** + +The financials are fucking excellent and honestly get me slightly hard. + +Revenue of $13.6M in FY19/20, compared to $6.04M in FY18/19 – growth of 125%. + +Profit (after tax) in FY19/20 of $2.5M, compared to profit of $524K in FY18/19 – growth of 384%. + +Earnings per Share (EPS) sits at around 0.25c, a growth of 333% from last financial year. + +They’ve also paid a dividend each year for the last two years, of 0.05c per share in FY18/19 and 0.10c per share in FY19/20. These aren’t particularly notable numbers (compared to other high-dividend stocks) but it’s pretty rare for a penny. + +Assets ($16.2M) exceed liabilities ($14.2M) so there isn’t some hidden speed bump. + +Again, you are getting all this with a current market cap of $42M, which is a bargain if you ask me. + +Most of this growth appears to have come from acquisitions and organic customer growth, but it’s definitely worth noting how impactful COVID has been on the sector in general (positive – see below). Based on continued growth through acquisition and moving into expanding markets, the Board has predicted that this growth will continue, and considering their track record (hit each of the guidance targets for last 3 years) it’s probably worth taking their word for it. + +**COVID Impacts** + +So this one seems pretty obvious to me, and I don’t claim to have any insider knowledge. But essentially, as people lose their jobs due to COVID, their debts and other liabilities remain; without continued stimulus packages at some point there is a certain percentage of the population who will require a company like CI1. I don’t have any facts or figures here other than the above financials, but to me it’s clear that this company is well-placed to capitalise on COVID-related stressors that are affecting consumers and businesses. + +**The chart:** + +It looks like this: + + + +[ooh lines we love lines](https://preview.redd.it/v379l5jgzn961.png?width=601&format=png&auto=webp&s=cf1bad223db7635658b559fa7e8e091d3087bd48) + +I put the yearly chart up because it’s important to note that at the same time last year, the SP was 50% what it is today (ie. 100% growth in SP over the year). There is massive volume around 17 December 2020, and a significant jump in SP around that period, which seemed to largely be as a reaction to the announcement of the acquisition of YOZO. We could possibly be due for a pullback considering the SP was relatively stable for the prior 3 months. + +Interestingly the Financials for FY 20 were released on 30 November and the market barely reacted to it at all. + +It’s worth noting here too that the Board/insiders own around 64% of the company, which isn’t incredibly tightly-held, but still enough to give the unwashed masses confidence. The CEO owns 33% and has been buying shares on-market throughout 2020 – a good sign. + +**Potential downsides:** + +The three big ones I can see are: + +\- There has been significant shareholder dilution throughout 2020, with an increase of around 22% shares on issue. + +\- Recently increased SP of 50% - ie. now might not be your best buying opportunity. + +\- Massive growth may be either a lot or a little to do with COVID, and it’s difficult to tell what that means long-term (disregard this if you plan to hold for 2 weeks then sell at a 5% loss like the true autist you are). + +**TL:DR**: Established Asian/Australian BNPL future-giant with exciting numbers and massive growth opportunities, capitalising on COVID financial misery. Get a fucking 🚀 up ya +**Context:** + +https://preview.redd.it/kvbzi53y2qx81.jpg?width=1125&format=pjpg&auto=webp&s=f459ff557acb8fe9593b5bb8f70ab3b727e9bd92 + +"I understand that the market is bleeding a bit today, and circuit breakers trigger once certain conditions are met. HOWEVER, the way he's wording this makes it seem like he knows something is up, and we're going to drop \~20% at some point AH. + +What's going on?" -- [LunarTones](https://www.reddit.com/user/LunarTones/) + +&#x200B; + +**My Response:** + +Well, let me just drop the short list here: + +* Fed printed 40-80% of all USD in 2020-2022 (turns out nobody has an exact number here) +* Overnight Reverse Repo sitting at nearly $2T daily ($100b was a HIGH day before 2021) +* Fed has no plans to slow inflation, they are aiming to contain at best +* BoA has said they expect BIG pain after S&P500 drops under $4000 ($4146 close today) +* Russian bond defaults contagion +* China likely to default on bonds very soon ($300B, Evergrande) +* Ukraine, and Russia produce 35% of the worlds wheat +* Diesel prices are rising faster than gas prices (those docking containers now are expensive to ship out) +* China lockdowns seem to have no near-term end in sight +* Elon Musk using Tesla as collateral for Twitter deal (As Tesla goes down, Elon needs to pad with $$$, which likely means he will sell Tesla shares) +* The Fed rate hike was smoke and mirrors, since they increased the RRR lending rate by the same % as the rate hike (aka, the US is still generating debt, AKA the reserve is printing, AKA, inflation is untamed still, were no better off than before the hike.) +* The US has an extremely apparent speculative bubble, given that the DTCC owns all the underlying assets, and derivatives create a surplus in share supply. +* Mortgage backed securities are crashing, and have been for a few months now. +* Banks are being raided for Fraud investigations across the world. Recently Morgan Stanley was caught stealing $200B from foreign countries (imagine what they are doing here, if they are willing to do it on foreign soil) +* Pay increases are not keeping up with inflation by any means, and people are starting to finally pay attention to this about a year too late IMO. + +&#x200B; + +Based on some Michael Burry speculation: + +* Every full crash is roughly 15% worse than the last one. +* The last one we saw was Covid, according to Burry, which had a low around $2000 on S&P +* MBurry expects us to travel about 13% below this level, since everything padding that has been artificially pumped markets due to Fed+Treasury spending. +* AKA, he expects a 60% dive in the semi-near term + +&#x200B; + +Based on some Euro Market problems: + +* Inflation isn't just untamed in the US, Europe has the same problems, along with Canada + the rest of the world. Example: Turkey had 69.9% inflation this year. +* Concerns around war, supply shortages, energy shortages, gas shortages, etc, are all just as large scale there as they are here, in some cases, much worse. + +&#x200B; + +Based on the Mortgage industry mass layoffs: + +* Rocket Mortgage fired \~10% of their staff +* Wells Fargo laid off about half of their mortgage staff +* Zillow reported record losses +* Better.c o m fired 10% of their employees, said they expect the next 2 years to be a bloodbath in the mortgage space +* Blackrock + others buying houses in cash 30% over ask (aka, it's better to plan to rent houses than it is to invest that money into the speculative bubble that is our crazy market right now) + +&#x200B; + +Now, is there any good news? + +* GME has no danger of bankruptcy, and has lots of new sources of income releasing soon, that could produce billions in profits/year on very low cost of maintenance, and are breaking through into the Web3 space. The first large company to fully dive into the space. +* The VIX will continue to rise as the market dies. +* A great buying opportunity for GME on the low, along with many other stocks. + +&#x200B; + +This list got way longer than I wanted it to be, but there's lots more that could be on here, and anyone that's shocked by an incoming recession hasn't been watching closely enough/or had a good enough understanding of the market structures. + +Buckle up. +So the regulatory grip is tightening around the world and it’s getting more and more absurd. We as crypto supporters need to come together and should wipe off the tribalism. If governments want to make anonymous wallets illegal it only means one thing: Crypto owners being forced to deposit their holdings on „identifiable“ wallets, which are usually only available on exchanges (= the new banks?) These are places where authorities are able to have a detailed look at your holdings and even have the possibility to confiscate your holdings or block you for whatever reason they have. Being the only person who has complete control over your own crypto assets was and is the main argument for crypto and the ultimate form of freedom. There’re already existing KYC/AML rules on exchanges which is fair enough, but forcing people to get rid of their private wallets is outrageous! I urge everyone to have a look at your country’s plans and to contact politicians who are responsible for these topics. If we don’t do anything against this, regulation will kill all the innovation and freedom we’ve achieved so far ... + +**EDIT: So I obviously wrote this post in an emotional state, I could've added additional sources, but it doesn't change the fact, that these are important times ahead of us and that governments and (central banks) around the world don't like the dynamics coming from the whole crypto and blockchain sphere.** + + +>**Here's another source coming directly from an EU member:** [*New rules for Bitcoin & Co: My proposals for the EU crypto regulation - Sven Giegold - Mitglied der Grünen Fraktion im Europaparlament (sven-giegold.de)*](https://sven-giegold.de/en/mica-green-amendments/) +**Thx to** /u/meesa-jar-jar-binks**/** + + +**Additional info by** /u/popopopopopopopq**/ Thx!** + +>But they are indeed doing some work on Crypto. Here some sources: +> +>[Draft](https://www.politico.eu/wp-content/uploads/2020/09/CLEAN-COM-Draft-Regulation-Markets-in-Crypto-Assets.pdf) the article was mentioning +> +>[EU Regulatory framework for crypto-assets](https://ec.europa.eu/info/law/better-regulation/have-your-say/initiatives/12089-Financial-services-EU-regulatory-framework-for-crypto-assets_en) (below you can find all their documentation on all Impact assessment reports, Opinions, summaries, proposals for regulations. +> +>[Details on the Expert Group that is working on it](https://ec.europa.eu/transparency/expert-groups-register/screen/expert-groups/consult?do=groupDetail.groupDetail&groupID=2885&Lang=EN) +> +>[Proposal Currently pending](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A52020PC0593) (EP and Council have to approve) +> +>[A detailed article about the MiCA](https://www.lexology.com/library/detail.aspx?g=3edcf6c0-2637-46b3-93f0-86a6d80fb27c) +> +>For what regards the EU side, as citizens we can propose regulations! So we can take action + +Edit: one source [https://gettotext.com/eu-draft-wants-to-ban-possession-of-anonymous-crypto-wallets/](https://gettotext.com/eu-draft-wants-to-ban-possession-of-anonymous-crypto-wallets/) + +Edit 2: While I agree that FUD mustn’t be shared, this is not FUD. Yes it’s just an unofficial draft, but it’s important that we as a community remain vigilant and make use of our voices. I don’t have a problem with being KYC’ed on an exchange, but I want to be the only one who is in control of my assets on a private wallet. Period. And I’m sick of all these fake arguments to give away constantly more and more of my freedom and privacy. +Started on March 16 with zero experience. I didn't do CC's for years because I was intimidated but after doing a few contracts I realized it was relatively straightforward. + +My underlying investment total is around 1.1m and the bulk of my CC gains (21.3k total) have been from: + +ARKK 37.0% of gains +IWM 14.0% +AMC 8.8% +PLTR 6.1% +MUB 5.8% +NIO 4.0% +VGT 3.1% +XLF 1.8% + +DOWNSIDES: + +My worst experience have been with Vanguard ETFs which only trade monthly. I got burned by VOO and I'm actually down about $500 from having to buy back calls. I made the mistake though of buying back early, now I know to wait until literally the day or day before it expires (I think its unlikely a Vanguard ETF gets called early, they have low options volume) + +I wish I held QQQ instead of VGT and SPY instead of VOO but tax issues make it hard for me to do this completely. I moved some of my VBK into IWM but they aren't exactly the same. + +I also had one Friday where I didn't roll my XLF calls because I thought I could just buy back on Monday. But XLF ended up going up and up and I missed out on 1k in gains basically. I was able to buy back eventually but at a higher price. + + +POSITIVES: + +Best ETF's for weekly trading by far are ARKK and IWM. I started doing 1 contract for AMC per week and the premiums are insane but I know it's very risky on the downside and these premiums won't go on forever. NIO also was pretty good for weekly premiums. + +Unexpectedly I've been able to write monthly calls on MUB which is a bond ETF and also QYLD (covered call ETF) but I sold QYLD. + +CONCLUSION: + +Overall I feel like this is "free" money. Even when I compensate for some mistakes where I missed out on gains it still works out as a significant amount of additional money I otherwise wouldn't have got. I regret not doing this sooner. + +EDIT: many are bringing up my total returns. Let me clarify that out of my 1.1m invested I have about 500k in VGT/VOO, 100k in VBK, and 200k in MUB. This 800k has netted me only 1.8k from CC premiums, so almost nothing. This means the balance of my CC gains (about 19k) has been from 300k of my investments, which works out to a 25% annualized return. +So about a week ago I accidentally bought an otm spy call that expired in 10 min (yes, I know I’m an idiot). I lost 500 bucks in 5 min. + +So my dumb monkey brain came to the conclusion of “whoever just sold me those calls just made the easiest money of their life”. Then, like the true tard I am, it dawned on me…. I could be the guy selling those calls to idiots like myself. + +Can someone explain to me why selling 0 dte calls is a terrible idea? I had basically 0 chance of profiting on those calls, and I watched theta eat my money shockingly fast. + +Edit: I should have put 0 DTE in the title, not 1. What I'm actually considering here is selling pretty much the exact type of calls that I bought. Which is an option that had a 0% chance of hitting. Basically, pretty far otm like 10 min before market close. I realize there is risk obviously, but it honestly seems tolerable. I'd risk making around 500 dollars every day or two, when there is a probably 1 in 10,000 chance that it goes wrong. + +Edit 2: it was 10 contacts +I just bought come C and ARCC, and I have other dividend stocks too. What’re some good dividend stocks that still have room to grow in price as well!! I need more stocks to buy! +Hi, I've been working for 1.5 years in my career. Started a little late in life, and I'm now 34. I want to maximize my efficiency for savings. House/retirement. I'm not sure what I should focus on between RRSP or TFSA. Need some real-life experience advice! I do have some debt, which I will have paid off by latest May 2023. + +Age: 34 + +Gross Salary: $73,500 + +Residence: Ontario + +Line-of-Credit Debt: $13,700.00 - 15% interest + +2022 RRSP deduction limit: $33,471.00 + +Employer RRSP Contribution match: up to 3% of earnings. + +2022 TFSA contribution room: $81,400.00 +I’m in a pretty good mood today, but can’t really share why with anybody IRL, so I figured I’d share here. + +For some background, I've been a regular reader of /r/financialindependence since I was a Junior in high school. Originally, I was just curious about finances and the stock market in general, but over time began to realize that the idea of becoming financially independent appealed to me. Thus, I resolved to devote myself wholeheartedly to that end once I got a job. That ended up being pretty quick, as I decided later that year to enlist in the Air Force for personal reasons. After graduating High School, I quickly left for basic training, and from there began to put into practice what I had learned. + +There were some rough patches here and there, but a little over two years later I hit my very first personal milestone: [$50,000 in net worth.]( https://imgur.com/7iKNBIf) On top of that, I have a fairly nice car, a great credit score, and, thanks to my military benefits, my future college degree all but paid for. It might seem cliché to say it was all thanks to a forum on the internet, but honestly, it’s the truth. Without r/FI, I never would’ve known to save any of my money (much less >50%), wouldn’t have known to start building my credit early on, would’ve likely bought a car I could barely afford with an outrageous interest rate loan, and probably wouldn’t have realized anything was wrong until reality slapped me in the face 10 years down the line. I can say all that with relative certainty because I’ve been watching many of my peers make those exact mistakes over these past two years, blowing every paycheck down to the last penny. + +I realize I’m still young, and have a long way to go, both in life and in my journey to FI, but I just wanted to thank all of you here who contribute your thoughts, research, and experience to this subreddit. If there is anything I’ve learned thus far, its that I still have a whole helluva lot of learning to do and mistakes to make, but by hitting my milestone I feel like I’ve at least proven to myself that I can do it if I stick with my plan. +Please read this if you have a friend or family member that it Medicare eligible. It could save them from paying a bill they DO NOT OWE. +I spent the day at an educational seminar on Medicare billing. +On October 1st of this year (2 weeks from now), Medicare will be drastically changing the way they pay bills for Medicare services, and this INCLUDES Medicare advantage plans. + +The seminar I attended was for skilled nursing rehabilitation services (i.e. inpatient therapy for a broken hip). + +As with anything Medicare rolls out, it is convoluted, redundant and nonsensical. Most facilities have done little training (or as much as they could), ours was today, and we have to start documenting on it next week. +The charting on skilled nursing patients has to be on point, and in many cases, if nursing and therapy services don’t document properly, even something minor can trigger a rejection. + +It is the majority of facilities standard practice, or sometimes even an automated one, to issue a bill as soon as insurance or Medicare issues a denial. This means your family member could possibly receive a bill because of an error on the facility’s part, or on Medicare’s part. + +Most places will try and correct the issue and resubmit, and that will generally fix the problem. + +HOWEVER, there are two issues: +One, if the process is automated, it may take them several days to find the issue (as I said, the process is new and convoluted), then several days for the billing department to resubmit, then several more days for Medicare to approve, if they choose not to audit the charges, if they do, it could be longer. + +This leads to the second problem. +My grandparents do not generally let bills sit around for long. Even if they do not pay the whole amount, they pay something. If Medicare eventually pays the claim, any payment they put toward the bill will now have to be refunded by the facility. They would have to wait for the Medicare statement to prove the claim was paid, then go through the refund process with the facility billing office. Most facilities are not locally owned, so this would likely have to be done through email or over the phone. + +Our grandparents are in their late eighties and are on a fixed income. IF they even realized they overpaid a bill, they would have no idea where to begin to start the refund process. They would likely chalk it up to a loss, but for some, the money they lose could mean groceries for a week. + +The process will eventually even out and become our routine, but it could take several months. Please speak to your friends and family who receive Medicare/have a Medicare advantage plan. Let them know to put medical bills aside for you to review BEFORE they pay, and to let you know if they receive ANY Medicare denial notifications. Ask them to put them aside so you can review them, and before anything is paid, if something stands out, call the Medicare/insurance office, facility or hospital and verify what was paid and what was not, and if something wasn’t paid, ask of the appeal process was initiated by the facility. + +I know my facility, and most others, are educating the billing, administration, therapy and nursing staff as much as they can to make sure issues are kept at a minimum. +Let’s be honest, though, it’s a new system. The rollout is going across the entire United States, all at once. Somewhere, someone has no idea what they’re doing. Somewhere, someone is going to go to work on October 1st, not having any idea what they’re supposed to do. Somewhere, someone is going to screw up royally and cause a whole lot of people a whole lot of headaches. + +Also, if you know a MDS nurse, give them a hug on October 2nd. If you have some wine available, and some tissues, they probably won’t mind that, either. +I feel like I’m caught up a little bit in the common sentiment that we’re in a bubble, everything is overvalued. + +Then I think about my dad telling me about how his first house was 14% interest and it makes me wonder... + +Would I be saying back in the 80’s how it’s a bad time to invest because of interest rates- like how we can say it’s a bad time now because things are overvalued? + +Could it be that some people just make it happen under any circumstances and some people just watch no matter the circumstances? +Hi all, hitting the 2 year mark of living with my SO in September, which I believe will be when we are considered in a De Facto relationship. + +I have savings invested in ETFs that I've put together over the last 10 years. We've been together for the last 3 and living together for 1.5. She unfortunately doesn't have much savings or income as she's trying to get a business off the ground. + +I help her out with our bills and rent when needed, and continue to add to my investments where possible. I'm concerned about what happens when we turn DeFacto and she has the right to claim half of my investment portfolio. + +She's agreed she'd be happy to sign an agreement that the investments wouldn't be part of any separation as I accrued the money before we met, and we share all expenses moving forward. Is this an option legally? Can we make those finances untouchable in case of a break up? + +Just wanted to see if anyone had similar experience before I start paying for legal advice. + +EDIT: Other option of course is to just embrace that being in a relationship means sharing what you own. My parents divorced so I think that's why I'm a bit cautious but yea, maybe just gotta remember that we only live once. + +Thanks + + +Good afternoon! + +I am in the process of building a position in BNS for the long term & do not intend to sell. I have noticed Scotiabank's performance has been weak over the years relative to other large Canadian banks. + +Not counting today's decline or day to day fluctuations, I am wondering what sets BNS apart from its peers enough to justify a lower valuation and depressed share price dating back to its 2014-2017 peak. From what I can see BNS net income is similar to BMO & CIBC however the difference in share price gains is fairly noticeable (maybe excluding CIBC in this case). I also noticed BNS pays a larger dividend than most of its peers. + +I can understand why banks such as TD and RBC command a higher valuation as they have significantly more total and net revenue, however compared to the other big Candian banks it appears as if BNS has been lacking something. Before building a larger position in BNS I would like some of your thoughts and feedback. + +Thank you all! + +Edit: thanks to everyone who contributed, lots of relevant information posted +This might be a question for a different subreddit but I figured I'd ask. Throughout history we've seen many kinds of anarchist groups rise up in the period of civil wars. Some lasted for a couple of days while others persisted a decent while longer. + + +In theory, and probably in reality, when these anarchist groups would go into a major city the markets would still function on some level when peace is restored. Do we have any records of the economic activity within areas controlled by anarchist groups? +It just seems like so many people are interested/uncertain about this topic yet it seems as if no one with the resources to get it done really cares or is doing anything. +&#x200B; + +https://preview.redd.it/3pqfi3r7uf871.png?width=1426&format=png&auto=webp&s=001e474dc15e288e20cdde7e28cba91d95ee66de + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Today's Recap 📈 + +# $GME Closing Price: $214.14 + +&#x200B; + +Open Price: $209.69 ( ͡° ͜ʖ ͡°) + +Daily High: $215.28 + +Daily Low: $206.94 + +Volume: 2.51 MM + +https://preview.redd.it/6pnhxyt8og871.jpg?width=1126&format=pjpg&auto=webp&s=c262ee05aee09e4091e2796f3a65fdb3a982545c + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🖍🍎🚌GME 101🚌🍎🖍 + +&#x200B; + +*If you're new to Superstonk, start here!* + +&#x200B; + +[Superstonk FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq#wiki_how_do_i.2C_as_a_retail_investor.2C_stand_a_chance_against_the_hedge_funds.3F) (Updates coming soon) + +[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index) + +**NEW!!** We will be having a "Smooth Brain Sunday Megathread" every Sunday as a place to ask all the questions you've been wanting to get answered! Please be advised that all answers provided are from individual users and, as always, any information you receive requires doing your own due diligence!! + +The apes of [r/Superstonk](https://www.reddit.com/r/Superstonk/) sincerely appreciate the time and effort put into getting this information out there. 🦍🤝💪 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 500K Members on Superstonk + +&#x200B; + +*Putting a placeholder here for the screenshot!* + +&#x200B; + +&#x200B; + +It appears as though we will be hitting the half a million member mark before tomorrow's edition of the Jungle Beat. **HALF A MILLION APES!!🥳**🥳🥳 + +&#x200B; + +You wanna know a cool fact? Woodstock reportedly had about 500k people in attendance. **WE ARE WOODSTONK BABY** ✌💖🌼🚀 + +&#x200B; + +Here's some pics of Woodstock '69 to put it in perspective: + +&#x200B; + +https://preview.redd.it/zn0hf3h9kg871.png?width=600&format=png&auto=webp&s=fc6cf332d57a3167ec25a66ad3e6ef4bbdacd726 + +https://preview.redd.it/49scsl1skg871.png?width=660&format=png&auto=webp&s=91a5f1ac32766680f78ed548fabf9c77cd0c33dc + +https://preview.redd.it/tw7o24lbkg871.png?width=696&format=png&auto=webp&s=95bc8af66c844b61566f48edbff5efe3637cbce0 + +https://preview.redd.it/n5tpd23dkg871.png?width=594&format=png&auto=webp&s=8bd263e4a0e604fcbbfa385b61f5d96b66bc7118 + +[dat us](https://preview.redd.it/ys6paakkkg871.png?width=1200&format=png&auto=webp&s=b2b214124942fe7bc59f8530884eb31c44d78166) + +&#x200B; + +Some of us have been here since before the first migration, and we have made many many friends along the way. As we sit here and enjoy this beautiful, enriching community that we have all collectively built, I just want to express a sincere thank you to everyone for being a member of Superstonk!! None of this would be possible without a whole lotta' dedicated apes. It's a deep fucking honor to be here with you all. 💎🙌 + +🦍🤝💪 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🥇Broken Records 💿 + +**RRPs back at it again** + +$991 Billion and 90 participants 👀 + +https://preview.redd.it/lvcz75kc7g871.png?width=960&format=png&auto=webp&s=63c432c82465e5235d9c0d566ca4b0167bec1b9d + +&#x200B; + +[Sooooo close to unlocking the Trillion Achievement! credit u\/canispeaktoyourmangr ](https://preview.redd.it/stbeqw227g871.png?width=960&format=png&auto=webp&s=d355547b553667acf8bfcbeb55452433d2327e03) + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Community Spotlight + +# Hot'n'fresh DD by u/Jsmar18 + +&#x200B; + +[Demystify the Feds ON-RRP Operations, Why do we care so much about them? | Finally figured out what Michael Burrry IS trying to tell the world by u /Jsmar18 (link)](https://www.reddit.com/r/Superstonk/comments/oaw2ls/demystify_the_feds_onrrp_operations_why_do_we/) + +&#x200B; + +As we watch the RRP levels rise to record highs, we are paying more and more attention to it because... well, why are they rising to record highs?! But this Hot'n'fresh DD that just dropped today from fellow mod Jsmar presents an enticing argument for why ONRRP rates may not actually be as big as we think, and that Dr. Burry's tweets seem to possibly confirm this theory. + +&#x200B; + +https://preview.redd.it/b505xs1shf871.png?width=293&format=png&auto=webp&s=a031b871eaaa5aab9bde7597fa587c8991254e71 + +Super dope read and we appreciate the work of wrinkly apes like J to educate us and provide such well-researched counter-thought to quickly established theories in the community! + + \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# $GME aesthetic chart art + +&#x200B; + +[credit u\/LLMOONJ ](https://preview.redd.it/6xtfgyjl0g871.png?width=640&format=png&auto=webp&s=2fa73247535c33927aaf2116518897058987d73a) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# FINRA issues largest fine EVER to Robinhood- $70MM + +*Newsflash: Robinhood's Cost of Business is just Cost of Business. In other news, bananas are yellow.* + +&#x200B; + +https://preview.redd.it/9j2wlfrr7g871.png?width=828&format=png&auto=webp&s=6fb6b784d292bac3f09cb72f416a8bd25b7058f3 + +&#x200B; + +Did you see those fucking RRP numbers up there? We are dancing with the Trillions here, and we're supposed to believe that $70 Million is a sufficient fine for someone who made billions off of PFOF?? Nah. FINRA can pretend that their Self Regulating ~~Organized crime~~ Organization (SRO) is issuing mind-boggling numbers here, but we have seen behind the veil and that's hardly a slap on the wrist- especially when a much lesser crime of stealing a loaf of bread would put the common ape in jail. + +&#x200B; + +It has also been noted that this is not related to the taking away of the buy button in January. Robinhood just proved that this fuckery is part of their business model. + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# We Like the Company! We Support the Company! + +&#x200B; + +Obviously you're a shareholder because you love Gamestop and have high hopes for its future. Supporting the company you love on the retail front is a great way for a shareholder to ensure a business' success! Here are several ways you can show your public support for Gamestop; + +* [**Shop at Gamestop.com**](https://www.gamestop.com/) +* [**Become a PowerUp Rewards Member**](https://www.gamestop.com/poweruprewards/) +* [**... Which gets you a subscription to Game Informer Magazine**](https://www.gameinformer.com/) +* [**Follow Gamestop on Twitter**](https://twitter.com/GameStop) +* [**Subscribe to Gamestop's YouTube Channel**](https://www.youtube.com/user/gamestopvideo) +* [**Follow Gamestop on Twitch**](https://www.twitch.tv/gamestop) +* [**Follow Gamestop on Instagra**](https://www.instagram.com/gamestop/?hl=en)**m** +* [**Follow Gamestop on Facebook**](https://www.facebook.com/GameStop) +* [**Apple Devices- Download the Gamestop App**](https://apps.apple.com/us/app/gamestop/id406033647) **(Link to App Store)** +* [**Android Devices- Download the Gamestop App**](https://play.google.com/store/apps/details?id=com.gamestop.powerup) **(Link to Play Shop)** +* **Brands owned by Gamestop; ThinkGeek, GameInformer,** [**MicroMania**](https://www.micromania.fr/)**, and** [**EB Games**](https://www.ebgames.ca/) + +Please remember apes, as you are interacting with Gamestop Social Media, that their objective is to reach gamers and promote their brand to their demographic. Yes it's fun when they tweet MOASS and Chickie Tendies, but let's not flood them with comments about Ken, Naked Short Selling, and Mayonnaise. Let's show them support by joining, contributing to, and expanding their robust community of gamers! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🚨 Reddit down 🚨 + +# With Reddit having issues during high traffic, exciting moments in this saga, we have discussed what to do if Reddit has an outage. + +**IF REDDIT GOES DOWN AT A PIVOTAL MOMENT A LARGE PORTION OF THE MOD TEAM IS ON TWITTER.** + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +**IF THERE IS SOMETHING BIG GOING ON WHILE THE OUTAGE IS HAPPENING WE MAY ALSO UTILIZE THE "EMERGENCY BROADCAST SYSTEM" TO RELAY INFO:** + +[SuperstonkLive YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***OOK OOK*** + +***"I may have been early, but I am not wrong"*** + +&#x200B; + +https://preview.redd.it/opkud4o46g871.png?width=1600&format=png&auto=webp&s=ec5ccf859a82f59ee79cb9ea6e790cf112279d31 +One year ago, was the first time I bought R$ 1.000 (US$ 244) in Bitcoin when 1 BTC = US$ 7.100. Today the value is US$ 9.700. So, I expected that those R$ 1000 would be at R$ 1360, but I was very wrong! + +The exchanges here in my country, they base the Bitcoin price in US$ dollar, they just convert it to R$ Real. At that time, 1 BTC = R$ 29.350, now days 1 BTC = R$ 55.500. This means that my original R$ 1.000 is now almost at R$ 1.900! That’s because Brazil is in a really bad political and economic situation and the price of dollar is all times high, making R$ Real devalued. + +That’s when it hit me. Now I understand why people on nations that is f\*cking their money up buys BTC, it saves it from inflation! Recently the Halving happen and it hit me again, Bitcoin is a deflationary money! Every day it becomes a scarce resource, but the demand is the same, making the price go up! **Bitcoin is not the future, it’s the present! It puts me in the control of my wealth instead of a bunch of incompetent nations and politicians!** +Greetings, + +I'm interested in re-evaluating my investing strategy. + +I make about 100K/year with my bonus. My mortgage is 1250/month. I have no car payment. No other significant bills or debt. + +I'm 48. Divorced and no kids. + +140k in my 401k (lost a chunk after divorce.) I contribute 6% - the most my company will match. + +12k in savings + +11k in the stock market. + +Rental house that brings in 400/month, 5k in that business account + +After all of my bills including entertainment, I have about $1,800 left. + +What should I do here to save for the short and long term? +https://www.reuters.com/article/us-moovit-m-a-intel/intel-in-talks-to-buy-israels-moovit-public-transit-app-for-1-billion-media-idUSKBN22F0GS + +Moovit’s free mobile navigation app provides transit information to more than 750 million users in 100 countries. + +Last month it launched an emergency mobilization service, which was created for transit agencies and enterprises during the COVID-19 pandemic. The technology transforms vehicle fleets into an on-demand service to get essential employees safely to work and has been implemented in a number of cities by large corporations. + +Intel has made significant investments already in Israel, having acquired autonomous vehicle technology provider Mobileye for $15.3 billion in 2017. In December it bought Israeli artificial intelligence firm Habana Labs for $2 billion. +Last night I was at a party and I met a bro who, from what he explained, is a broker who deciphers the data blocks for one of the big prime brokers. He was a cool guy so I kinda want to keep this anonymous cause based on his current job transition it probably would be easy to identify him. + +We started talking about the state of the market which lead us to meme stock basket swaps, bullet swaps, naked shorting, CS/Archegos, etc etc. He pretty much confirmed they are abusing the shit out of the market and didn’t have a plan to unwind and everyone was stressing…until Citadel, his prime broker’s market maker, came up with a plan -> he called it Operation Hurricane. Apparently it’s a software/algo that finds liquidity and pumps it into their shit positions to help them kick the can. He said what this software does was technically not legal but they’re rolling it out this month cause if they don’t they’re all fucked. + +Tried to get him to give more detail but this dude was sloshed. I asked him about GME specifically and he just smiled and said “yeahhhhhh it’s a problem.” + +No fucking clue what this new software is or its true intention cause I’m regarded, but I’m hoping some other regards could help me out to research what this fucking thing is? +I make this post once a year, around the Christmas/New Year's Eve time. + +As most of us know, keeping your credit history as long as possible is very good for our credit scores. The more lines of credit we have open, the more it affects our average age of credit, total amount of credit available, and just in general credit score goodness. + +That being said, it's time to think of the credit lines we have open just to keep the average age of credit up. Those cards that you have stuck in a drawer because they have no annual fee, but don't give decent enough rewards to be used on a regular basis. + +It's that time now! Pull those cards out and buy a value meal at a McDonalds. Maybe a coffee at Starbucks. Hell, use them to buy a tank of gas for your car. + +If you have enough monthly charges, put each card with one of them. Insurance on one, Netflix on another, etc. Then set up auto-payment so you don't need to even think about them. + +The important cards are the ones that may get canceled because of non-usage. Those are the ones that you want to do anything with this year. Spend SOMETHING on them, then immediately go pay them off. Just like always, you don't need to pay interest to keep your credit score up. + +Happy New Year my PF friends! +I've just topped up my INTC by 60 shares to give me 250 and doubled my MMM to 20 shares. MMM looks incredibly undervalued at this level. I'm building INTC for a long term hold. Things look bearish right now but in a decade from now with global chip sales to be a lot larger and with the fabs they are building I can see it being multiples of today's price. + +What income are you guys buying? +I've just topped up my INTC by 60 shares to give me 250 and doubled my MMM to 20 shares. MMM looks incredibly undervalued at this level. I'm building INTC for a long term hold. Things look bearish right now but in a decade from now with global chip sales to be a lot larger and with the fabs they are building I can see it being multiples of today's price. + +What income are you guys buying? +get fucked robbinghood + +[https://www.sec.gov/litigation/admin/2021/34-92115.pdf](https://www.sec.gov/litigation/admin/2021/34-92115.pdf) (the litigation notice) + +[https://www.sec.gov/litigation/admin/2021/34-92115-dp.pdf](https://www.sec.gov/litigation/admin/2021/34-92115-dp.pdf) (plan of distribution) + +in summary, they're being forced to put 65 million in an account at the treasury department in order to pay out to investors harmed by their payment for order flow between July 1, 2016 through June 30, 2019. + +**EDIT**: for all those complaining about 65 million being too low, there is a 30 day public comment period with details about it in the first link. if you're serious about your opinion and want to put your tendies where your mouth is, **this is your opportunity to voice said opinion - take it seriously**. given the changes we've seen in regulations & personnel lately, the SEC *could* be pretty receptive to feedback. + +i'll link them here to make it easy: + +internet comments: [https://www.sec.gov/litigation/fairfundlist.htm#robinhood](https://www.sec.gov/litigation/fairfundlist.htm#robinhood) + +email comments: [rule-comments@sec.gov](mailto:rule-comments@sec.gov). + +from the first link: + +*Comments submitted by email or via the Commission’s website should include “Administrative Proceeding File No. 3-20171” in the subject line.* + +be cool tho +Jamie Dimon (JPM Chief Executive) - Refused to refund 1.4Bn in overdraft fees during the pandemic. Had they refunded the overdraft fees, they still would have made 27.6Bn in profits in 2020. JPM was bailed out by the same taxpayers in 2008 with 25Bn. Charged with 5 felony counts since 2014, admitting to all of them. + +Kenneth "Ken" Griffin (Citadel [Hedge Fund] - Founder and CEO Co-Chief Investment Officer) - Private dark pool that doesn’t report. Took taxpayer bailout in 2008. Made 870m last year. Big donor to president. Donated big to Kelly Loeffler (married to the owner of the NYSE) + +Paul Hamill (Citadel - Global Head of FICC Distribution) - Serves on FINRA board of Governors, the Nasdaq Exchange Board. Used to work for the SEC as Equity Market Structure Advisory Committee and a member of the Nasdaq Exchange Board. + +Heath Tarbert (Citadel - Chief Legal Officer as of 4/2/2021) - Served as Supreme Court Law Clerk, associate White House Council, special counsel to Senate Banking Committee. Former Chairman of the CFTC (Commodities Futures Trading Commission). + +Ben Bernanke (Citadel - Senior Advisor) - Former Chairman of the Board of Governors of the Federal Reserve System. Served as Chairman of the Federal Open Market Committee, the Federal Reserve System’s principal monetary policymaking body. Before his appointment as Chairman, was Chairman of the President’s Council of Economic Advisers, from June 2005 to January 2006. + +Citadel - 59 SEC/FINRA Violations. Oversight of 60% of all NYSE trading. Helped Melvin capital by giving them 2 Billion so they wouldn’t have to close their position. Partially owns S3 Partners. Over 200B located in the Cayman Islands. Citadel is the designated Money Maker for GME. Banned in China in 2015 for 5 years for algorithmic trading dealing with short-selling. The regulator alleged that Citadel controlled and used accounts set up by four other firms to trade stocks during the first seven months of 2015 and used computer programs to manipulate prices. Suspected of harming the market with rapid-fire share purchase or sale orders that were canceled before they could be fulfilled, a strategy known as “spoofing”. + +Gabe Plotkin (Melvin Capital) - Huge short position on GameStop (Six years running). Was helped by Citadel and Point 72 during January with 2.75Bn. Plotkin used to work for Steve Cohen at SAC before it renamed to Point 72 after the Insider trading case. + +Vlad Tenev (Robinhood - CEO and Co-Founder) - Turned Off Buy Button. Stopped trading and lied under oath at hearing. Was recorded on a call with NSCC regarding shutting off the Buy button in January in exchange for lower collateral. Citadel pays them for pfof. + +Etrade - Turned off Buy button. Acquired by Morgan Stanley in October Last Year. + +TD Ameritrade - Says they give you the option to route thru IEX but it still goes thru Citadel. + +Steve Cohen (Point 72 [Hedge Fund SAC Renamed after Case] - Founder) - His flagship hedge fund, SAC Capital, was shut down following allegations of insider trading (a Decade long investigation), the fund was forced to pay nearly $2 billion in fines. He was prevented from professionally managing investor money until 2018; at that point he renamed SAC to Point72. Helped Melvin Capital in January. + +Stephen Luparello - Currently General council at Citadel. Before Citadel he was council for the SEC and FINRA. + +Andrew Sorkin (Squackbox on CNBC - Co-Anchor) - Ken attended his wedding. Photographed with Ken Griffin. Says dark pool is a conspiracy. Squackbox ran paid advertisings saying Melvin Capital had closed out of its GameStop positions. + +Janet Yellen (US Secretary of Treasury) - Received 7.2 million in speaking fees in the last two years from banks and Citadel. Later redacted some entries. + +Google - Deleted 100,000 Robinhood negative reviews. + +James “Jim” Cramer (Mad Money on CNBC - Host) - Says GME longs are communists. Often recorded with huge Citadel signs behind him. Interview Video shows him being terrified of speaking bad about Citadel. Former hedge fund manager. Has video of him explaining how he used to manipulate prices when he ran a hedge fund. + +David Inggs (Head of operations at DTCC) - Also is head of operations at Citadel. Related to sean Inggs. + +Sean Inggs - fund director at international management services ltd., which provides directorship services to Cayman Island Funds. Source: hedgeweek.com. Related to David Inggs. + +Charles Gasparino (FOX Business) - Attempted to discredit SEC head Gary Gensler. Wants Payment for order flow to remain (twitter). Tweeted a lie that a ban for “payment for order flow” was shelved causing robinhood stock to rocket up. + +MarketWatch - Published GME end of day price in an article before the day was even over, predicting exactly where it ended up. + +Joseph “Joe” Brenner - Left on 8/13/2021 after 11 years as SEC’s Chief Counsel - Division of Enforcement. He used to represent financial institutions before SEC , protecting them against SEC and FINRA enforcement, institutions Clients like Goldman, Citigroup, Morgan Stanley, Credit Suisse, and others. + +Jim Chanos - Tweeted an Empty theater photo to manipulate market, but it had a 3am timestamp. + +William Hinman - Worked at SEC as Director of the division of Corporate Finance from may 2017 thru december 2020. Was partner at Law Firm Simpson Thacher before, and continued to receive millions from them while at SEC. + +Michael Bodson (CEO of NSCC and President / Chief Executive Officer DTCC) - Lied under Oath regarding Robin-hood Shutting off Buy button during hearing. Said during GME hearing “The system worked. No one got liquidated. As for the impact on uretail traders? Well we’ll certainly be happy to plan on looping back around on that one at a later time possibly if anyone has any suggestions.” + +Leon Cooperman (Omega Advisors [Hedge Fund] - CEO and Chairman) - Got angry while discussing GameStop shares on CNBC and said “And this ‘fair share’ is a bullshit concept. It’s just a way of attacking wealthy people and, you know, I think it’s inappropriate.” + +Jay Clayton (Former SEC Chairman) - Nominated for position by the President. The President said in connection to the nomination “We need to undo many regulations that have stifled investment in American businesses” May 2017 sworn in. Resigned Dec 23 2020, during which time the SEC charged the fewest number of insider trading cases since the Regan administration. + +David Scott (Congressman D-GA) - Wants social media moderation and censorship. During hearing he said “This episode exposes a serious threat to our financial system. When tweets, social media posts, do more to move the market than material legitimate information, the risk is enormous” + +Jerome Powell (United States Federal Reserve - Chairman) - Former Attorney. Presided over case In 1991: Salomon Brothers (biggest investment bank on Wall Street at the time and creator of the mortgage backed security) got in big trouble for bond fraud. The CEO got fined a paltry 100k. Also is Desperately trying to make three of the Fed’s emergency bailout programs to Wall Street disappear from further scrutiny by Congress or the American people. That’s because the specific details of those programs do not comport with the testimony that Powell and Quarles have provided at Congressional hearings throughout the pandemic. He told Congress that the mega banks were a source of strength during the pandemic. The three emergency lending programs that the Fed would like to make vanish are the Primary Dealer Credit Facility (PDCF); the Commercial Paper Funding Facility (CPFF); and the Money Market Mutual Fund Liquidity Facility (MMLF). + +Andrew Left (Citron) - January tweet “Tomorrow am at 11:30 EST Citron will livestream the 5 reasons GameStop $GME buyers at these levels are the suckers at this poker game. Stock back to $20 fast. We understand short interest better than you and will explain.” + +Michael Robert Milken - American convicted felon, financier and philanthropist. He is noted for his role in the development of the market for high-yield bonds, and his conviction and sentence following a guilty plea on felony charges for violating U.S. securities laws. Pardoned by the president at the time in Feb 2020. + +Dorothy Dewitt (CFTC - Director of Market Oversight) - Former Citadel senior legal and compliance roles. + +Daniel Grimm (Citadel - Associate General Counsel as of July 2021) - Former Senior Counsel to the Chairman of CFTC for 6 years. + +Jeff Bezos (Amazon) - Richest man in the world. While employed at DE Shaw, was tasked with creating off-exchange markets ….aka “Dark Pools”. Suspected of ‘Busting’ out competitors from the inside out. In 2011, Jeff Bezos, the billionaire CEO of Amazon, paid nothing in federal income taxes. That same year, when his net worth was valued at around $18 billion, he filed for and received a $4,000 tax credit for his children. + +Eddie Lampert - Former Sears CEO, made billions from its demise. Hedge fund manager. + +The following Voted against The Short Sale Transparency and Market Fairness Act: + +Patrick McHenry + +Ann Wagner + +Frank Lucas + +Pete Sessions + +Bill Posey + +Blaine Luetkemeyer + +Bill Huizenga + +Andy Barr + +French Hill + +Tom Emmer + +Lee Zeldin + +Barry Loudermilk + +Alex Mooney + +Warren Davidson + +Ted Budd + +David Kustoff + +Trey Hollingsworth + +Anthony Gonzalez + +John Rose + +Bryan Steil + +Anthony Chukumba (Wall Street Analyst at Loop Capital Markets) - Said “Sell now ask questions later” on Squack Box Interview after 2021 Q2 earnings. This was after he said he would no longer cover GME. Loop Capital was found to be potentially tied to Citadel. + +Gary Gensler (SEC - Current Chairman) - His twin brother, Robert Gensler, used to work at Salomon Brothers. + +SEC - Sued by Bank Activities Reform Commission. First Lawsuit was for 5T in 2004. Updated to 50T in 2012. Lawsuit states the SEC has been infiltrated by an organized crime group. + +Solomon Brothers (Former Hedge Fund) - Charged with IPO fraud in 2002. Jerome Powel testified for them and fined them 100k for corrupt bonds. +I am currently 34 and plan to retire around 60. At my current rate of saving, I could have my house paid off by 41 and FIRE at 47, but I like my job. + +A combination of three things is making me consider taking a year off retirement investing. First, I have a toddler who *loves* to be outside, and a second kid on the way. Second, we've been largely quarantined for 3 months now. And these two lead to my third: I really want to invest in our backyard and make it a really nice place to spend time. + +I'm not yet maxing out my 401k investment annually, but if I reduce my 401k investment to just the amount my company matches, that adds around $3k in 2021 to our cash balance. Add in $12,000 not going to Roth IRA accounts and the ~$1500/month extra we have for general savings or investing and we could knock out a ton of outdoor living improvements next year. Right now, we have a fence that's falling over and an open lawn with no shade such that afternoons and evenings (until the sun completely goes down) are miserable. + +What I'm wondering is, from your perspective, is losing that year acceptable? I'm really torn on it. On the one hand, we're going to live in this house the rest of our lives, our kid (and from what I can tell, all kids) loves to be outside, and we would benefit from being able to really enjoy our yard more and sooner. + +On the other hand, it's not the financially responsible decision. I can't really figure out how much taking 2021 off from retirement savings would decrease our net worth at retirement... but it kind of looks like, if all I did was meet my company's match and leave our Roth IRA to appreciate for the rest of my working life, we'd still probably have more than we need. Resuming regular retirement savings in 2022 should jump us back up to likely having more than we need. + +But we also can't know the future... so I don't know. I appreciate any input or feedback you all have. +And I think the OP knows this and they are farming karma or have more malicious reasons. It happens every day in Trader Work Station(that is the IBKR desktop app) in after hours. + +This is apple. +https://media.discordapp.net/attachments/820082450386518066/979519493866946590/unknown.png + +The bug only happens with the chart and not on the above table as you can see, the borrow fee is the normal reported one. + +You can check my post history I already posted about this few months ago. +Lately I've been seeing several comments on various posts from different people asserting that you need a large amount of capital to day trade. I'd like to offer perspective as a profitable trader that trades as a primary source of income. Unlike others who make assertions, I always show my record and even have [videos](https://www.youtube.com/c/EricGreen/videos) online showing live recordings of my trading. This is my account profit/loss from January 1 to March 31: + +https://preview.redd.it/a2rvpuf461w61.png?width=915&format=png&auto=webp&s=9f5d94cba6fc3de8b8c5a70c4fde047b5f99a8fd + +There was a post made about a guy who quit his job to day trade and has an initial balance of $50,000, well above the PDT rule. Whether or not this was a smart decision I won't comment on, but I can say for certain as long as you have capital in excess of PDT you can replace a day job. Several commenters on that post among others seem to believe you need several hundreds of thousands of dollars to make enough money from day trading to live. **This is incredibly misguided.** + +While trading in a PDT margin account funds settle instantly. This means you can trade all of your capital on every single trade if you wished. When you have this opportunity and the appropriate level of trading skill, a $25,000 account can easily turn $100,000 of profit by the end of year. + +*"WHHHHHAT, ERIC??? You really think it's realistic to make 400% returns on your starting capital???!"* + +**Yes, absolutely. Trading with only $10,000 positions you can make $100,000 like this:** + +On a small cap stock priced $5 you may take 2000 shares, $10,000 of equity. These stocks will often have enough range that when scalping a winner may be $40 and a loser $80. With this R:R you may be trading at an 80% winrate. In order to make $100,000 trading with $10,000 positions you would need an average of 19.76 winners and 4.94 losers per day. + +*"NO! Fuck you Eric, that's way to unrealistic."* + +https://preview.redd.it/tog19si3a1w61.png?width=631&format=png&auto=webp&s=495dd2c9e42dd6f49e5f38302acdf71fc919f06f + +Actually it's not. This is the more detailed stats of the equity curve shared above (Jan 1 - Mar 31). My average position value is $2,300 and I've made $9,465 profit, or **412.254% return on equity.** There are traders that do far better than me as well, look at my friend Kyle u/Phihix who turned $29,000 into over a million in less than a year. He also got shit when he quit his job to pursue trading and was told it's impossible. + +TL;DR; If you have a margin account above the pattern day trader requirements it is realistic to make 6 figures if you have trading skill. +I have inherited a ton of money(several millions) and I’m at a cross roads when it comes to jumping into real estate. I don’t know if I should just spend $3m buying 8-10 homes outright and renting them out for $2000-$3500 each month bringing in around 20-30k a month or if I should finance and get a massive complex with like 36 apartments and a few houses and try to get cash flow of $300-400 each and build up the equity. Personally it sounds more lucrative to just buy the houses outright, but am I missing something? I really don’t know what’s best for my situation and I can’t really find any online videos or books for it. Mostly everything I find is for people starting real estate on a budget. Any help here would be great! Thanks! +In China there is a new movement that has formed called the ["lying flat" movement](https://www.washingtonpost.com/world/asia_pacific/china-lying-flat-stress/2021/06/04/cef36902-c42f-11eb-89a4-b7ae22aa193e_story.html), which is a response to consumerism in China. + +The movement encourages doing the minimal to get by, living simply rather than focus on competition. When I read about this, I wondered if there is something similar in the West, and it seems like the minimalist movement in the West is similar. + +However, when I went to the minimalism subreddit and discussed the topic, they mostly claimed that minimalism wasn't really about minimal consumption or spending but more about minimal aesthetics. + +However, the FIRE movement in the West seems somewhat similar to the "lying flat" movement in China. + +Do you think the "lying down" movement is similar to FIRE or are there differences? +Amex will only allow me to have 6 cards as of right now. I have more businesses, trusts and people in our family office than that and I hit the limit. We also have the same issue with chase. I do not have a personal rep at any of these companies. + +I do not need “employee cards”, I needed more accounts for actual entities (irrevocable trusts, businesses, and personal lines). They’ve only allowed me to open so many. + +I also do not need a higher line of credit, we have plenty. What I need is being able to open more credit cards for different entities without running into a small limit of like 6-8 at one bank so quickly (ideally). I’d much prefer to have one bank that gets all of our credit card business, of course, one with decent rewards still. + +We bank with first republic, they’re great for real estate lending, I love working with them, however they do not provide credit cards. It’s not what they want to be the best at. So I’m trying to determine how I can go with another company, ideally one, to have like 15+ different accounts for our family, without me having to set it up under various members of our family. Seems like I should be able to get a rep somewhere and they can lift these limits I’m running into. For deposits savings and loan we have one login for like 30 accounts, I’d like this for credit cards too. + +Any thoughts? + +Thank you! +I’m not sure if this is the right place, but I figured I’d start here in the hopes someone can point us in the right direction. + +My husband had a Golds Gym membership for years. Long story short, the location he was a member at closed permanently about 2 years ago. 2 years later, we’re still being charged his monthly membership fee. Yes, I realize “why didn’t you do something about this 2 years ago?” is a valid question - I wont bore you with details but basically mental health is a tricky bastard. We had read you needed to go in person to cancel the membership and the nearest location was 2 hours away, plus in the middle of COVID so one thing lead to another and here we are today. + +I was put in contact with a corporate manager who says they can’t do anything because this was a franchise. He’s forwarded our info the the prior franchise owner twice now (though he confirmed this person left Golds years ago, I assume when the location closed) but we’ve heard nothing. I’m still trying to get the direct contact of this person. + +What are our options? If we issue a stop payment, I had read that they could send us to collections. But can they if this franchise closed? This is so beyond unethical to me. Any suggestions are appreciated. + +Editing for clarification: I’m not trying to get the past payments back. It was our responsibility to follow through sooner and we didn’t, but the problem we’re running into now is this place (the franchise) no longer exists per corporate and corporate supposedly can’t help because it was a franchise. So how are we still being charged for a place that doesn’t exist? A few have commented about the membership possibly being transferred to another gym, but we have no record of a transfer so we don’t know where it would have gone. Also the physical location where this gym was is vacant. It was replaced temporarily with another chain gym for ~6 months but even that one closed. We’re going to move forward with a stop payment but my concern was being sent to collections. We will just have to see what happens and will continue escalating and doing outreach in the meantime. Thanks all for the input. + +UPDATE: the membership was in fact transferred to another local gym though we were not notified of this. We were connected with someone who submitted a request to the vendor to stop all charges. Unfortunately my husband was very young when he set this membership up after high school, and he used ACH, not a credit or debit card because he didn’t know any better at the time. Our bank can issue a stop payment but we’re told that it only lasts 6 months and if the vendor changes the amount at all, it will still go through. So we are closing this account and opening a new one to be safe. I haven’t received a response yet about whether or not the cancellation request was processed but given many other experiences on here, I’m not holding my breath. Also the new gym has horrendous reviews from others who also tried canceling their memberships and got the run around so… great. +An anonymous hacker claims to have leaked the entirety of Twitch, including its source code and user payout information. + +The user posted a 125GB torrent link to 4chan on Wednesday, stating that the leak was intended to “foster more disruption and competition in the online video streaming space” because “their community is a disgusting toxic cesspool”. + +VGC can verify that the files mentioned on 4chan are publicly available to download as described by the anonymous hacker. + +One anonymous company source told VGC that the leaked data is legitimate, including the source code for the Amazon-owned streaming platform. + +Internally, Twitch is aware of the breach, the source said, and it’s believed that the data was obtained as recently as Monday. We’ve requested comment from Twitch and will update this story when it replies. + + The leaked Twitch data reportedly includes: + +* **The entirety of Twitch’s source code with comment history “going back to its early beginnings”** +* **Creator payout reports from 2019** +* [**Mobile**](https://www.videogameschronicle.com/platforms/mobile/)**, desktop and console Twitch clients** +* **Proprietary SDKs and internal AWS services used by Twitch** +* **“Every other property that Twitch owns” including IGDB and CurseForge** +* **An unreleased** [**Steam**](https://www.videogameschronicle.com/platforms/pc/steam/) **competitor, codenamed Vapor, from** [**Amazon Game Studios**](https://www.videogameschronicle.com/companies/amazon-games/) +* **Twitch internal ‘red teaming’ tools (designed to improve security by having staff pretend to be hackers)** + +Some Twitter users have started making their way through the 125GB of information that has leaked, with one claiming that the torrent also includes encrypted passwords, and recommending that users enable two-factor authentication to be safe. + +Finally, the leaked documents allegedly show that popular streamers such as Shroud, Nickmercs and DrLupo have earned millions from working with the popular streaming platform. + +[https://www.videogameschronicle.com/news/the-entirety-of-twitch-has-reportedly-been-leaked/](https://www.videogameschronicle.com/news/the-entirety-of-twitch-has-reportedly-been-leaked/) +(This gets into stocks but here is some background knowledge) + +So I’ve become a forgotten employee at my job thank god. I read all these stories of ppl whose departments get fired and some ppl working remote get lost in the company system...and they get paid to basically do nothing + +Well, I’m working in construction management and this job site I’m doing is an absolute disaster. So the company has put me in a shack on the construction site to oversee what is going on. This is multiple year project and we just started moving/leveling dirt....I’ve been sitting in this shack for several months basically just scrolling the internet which led me to WSB. Every now and then we have these meetings and I join the call to say no safety issues and work is on schedule. I even got a fat raise for supposedly getting things back on track—(i haven’t done shit. Nobody comes in, nobody calls, occasionally I walk around to see if workers are working. I join the meeting and that’s it. I once missed a meeting once bc I was jacking off in the bathroom) + +Anyways, this sub has led me get into trading. I’m getting AMAZING money doing absolutely nothing but I keep losing it doing retarded shit in the market... + +I’m thinking that I should just have calls on msft +dis, Mcd, and SBUX.... puts everything else.... + +Somebody give me some damn good advice so my life can be amazinger + +God bless +# The Definition Of Market Manipulation + +>"Market manipulation is the act of artificially inflating or deflating the price of a security or otherwise influencing the behavior of the market for personal gain." - Investopedia + +According to most retail investors this means that market manipulation is when an entity with a huge portfolio that buys or sells a large amount of stock can cause large price movements. This is one type of market manipulation, but not what I want to talk about today. + +&#x200B; + +# How in 1930 Wyckoff Described What's Happening Today + +[Richard D. Wyckoff](https://preview.redd.it/r0dndnl3zk671.jpg?width=324&format=pjpg&auto=webp&s=66b39741d9950f15d90c73b5b49e384104492e03) + +**Who Is Wyckoff?** + +>*Richard Demille Wyckoff (1873–1934) was an early 20th-century pioneer in the technical approach to studying the stock market. He is considered one of the five “titans” of technical analysis, along with Dow, Gann, Elliott and Merrill. At age 15, he took a job as a stock runner for a New York brokerage. Afterwards, while still in his 20s, he became the head of his own firm. He also founded and, for nearly two decades wrote, and edited The Magazine of Wall Street, which, at one point, had more than 200,000 subscribers. Wyckoff was an avid student of the markets, as well as an active tape reader and trader. He observed the market activities and campaigns of the legendary stock operators of his time, including JP Morgan and Jesse Livermore. From his observations and interviews with those big-time traders, Wyckoff codified the best practices of Livermore and others into laws, principles and techniques of trading methodology, money management and mental discipline.* + +**Why I'm Including it in This Post?** + +>*From his position, Mr. Wyckoff observed numerous retail investors being repeatedly fleeced. Consequently, he dedicated himself to instructing the public about “the real rules of the game” as played by the large interests, or “smart money.” In the 1930s, he founded a school which would later become the Stock Market Institute. The school's central offering was a course that integrated the concepts that Wyckoff had learned about how to identify large operators' accumulation and distribution of stock with how to take positions in harmony with these big players. His time-tested insights are as valid today as they were when first articulated.* + +Basically in 1930 near his death he started writing books about what he learned during his life to make retail investors understand the market better, illustrating all his knowledge in a reddit post is impossible and today I want to focus only on market manipulation. + +# Who Is The "Composite Man" + +>*“…all the fluctuations in the market and in all the various stocks should be studied as if they were the result of one man’s operations. Let us call him the Composite Man, who, in theory, sits behind the scenes and manipulates the stocks to your disadvantage if you do not understand the game as he plays it; and to your great profit if you do understand it.”* (*The Richard D. Wyckoff Course in Stock Market Science and Technique*, section 9, p. 1-2) + +Based on his years of observations of the market activities of large operators, Wyckoff taught that: + +1. The Composite Man carefully plans, executes and concludes his campaigns. +2. The Composite Man attracts the public to buy a stock in which he has already accumulated a sizeable line of shares by making many transactions involving a large number of shares, in effect advertising his stock by creating the appearance of a “broad market.” +3. One must study individual stock charts with the purpose of judging the behavior of the stock and the motives of those large operators who dominate it. +4. With study and practice, one can acquire the ability to interpret the motives behind the action that a chart portrays. Wyckoff and his associates believed that if one could understand the market behavior of the Composite Man, one could identify many trading and investment opportunities early enough to profit from them. + +# The Importance Of Liquidity + +Let's say a stock is sitting at $20 but a "Pro" thinks it could make it to be worth $40, large investors may not accumulate a high number of shares at one time as this would cause a sudden change in the stock price. Instead they will take advantage of weak market sessions to slowly accumulate their target number of shares. + +Once they have accumulated their target number of shares and want to sell for the same reason as before, they can't unload everything at once or they would affect the market again. + +But how can they unload their shares at maximum profit? Through manipulation. They can do it by making that shady little company look like it will become the next Apple, and they manipulate the newspapers to do it. + +[FOMO](https://preview.redd.it/4ikowb6j5l671.jpg?width=1024&format=pjpg&auto=webp&s=949686266619575afa3c565a32df772ddf11aa1b) + +They create FOMO (Fear Of Missing Out) in small retail investors, and that brings a lot of volume on that stock. If you thought the goal of the market makers was to inflate the stock price through this type of manipulation, you're wrong. + +Consider an institutional investor who bought 5,000,000 shares of a company at $1 that now sits at $3, has a lot more information about that company than you do, and knows that company is bad and likely to release bad news in a few weeks. Everyone knows that in order to sell something you need a buyer willing to pay the price you're offering, so how can he dump 5,000,000 shares of stock unnoticed in a few weeks and get away with it? He's going to start making people think that this company has something very big coming up, that he's going to make a 500% move and you're going to miss out. People start "FOMOing" and bring huge volume to that stock, with more people willing to buy he can sell all his shares faster and get out of that stock as quickly as possible. He doesn't care if the stock makes a 100% move in the meantime because of this sudden interest, he only cares about getting out. And guess what, later on, when the bad news is released, the market maker will be the winner while a lot of retail investors have been burned. + +&#x200B; + +>“You have often noticed that a stock will sell at the highest price for many months on the very day when a stock dividend, or some very bullish news, appears in print. **This is not mere accident.** +> +>**The whole move is manufactured.** Its purpose is to make money for inside interests — those who are operating in the stock in a large way. And this can only be done by fooling the public, or by inducing the public to fool themselves.” + +This was written in 1930! 90 Years ago! Buy the rumour sell the news. + +# Market Manipulation 5.0 And How You Are Helping To Make It Happen + +After what happened with meme stocks in the last month a lot of people started looking to invest, without any knowledge and trusting the advice of people on reddit and other social media many found themselves losing a lot of money on some stocks that look very good. + +&#x200B; + +What is happening now is that some big institutions probably pay influencers and use bots to make some companies look much better than they really are. The problem is that many people trust other DDs (Due Diligence) too much and end up thinking that a stock is really good and they buy some stocks. What's worse is that a lot of times people who have invested in some companies end up becoming like extremists and start "propagandizing" when they see that they are losing money. + +&#x200B; + +Basically what is happening is that I (and probably you too) am noticing a lot of people or groups who buy for example a stock at $10 because it is full of potential (pumped by a market maker) and when they find themselves owning it with a 30% loss they start trying to convince people that it will soon go up. This is ethically wrong and to avoid getting caught in this you should ALWAYS do your research. If you don't know how to research ask the person who posted the sources. + +# How Can You Stop Losing Money On Bad Stocks + +* Don't trust anyone, do your own research +* Ask for sources from those who publish DDs +* Stay away from stocks that come from scam countries +* If you see a lot of people saying a stock is going to go up stay away +* Don't buy a stock that people say will CERTAINLY have good news coming (example: "stock X will get FDA approval next week" usually won't and will fall into oblivion) +* If you're losing on a stock, stop saying on social media that it will surely rebound +* If you buy a stock you MUST stay current on it, you can't just buy and forget about it +* If a stock has a news related to a sector unrelated to it stay away (for example a tourism stock says it will do something in the hot sector of the moment, this is usually done to temporarily pump up the stock) +* SELL THE NEWS + +# Conclusion + +English is not my first language, I hope I have expressed myself correctly. I used information from StockCharts and Financial Post. I know this is a different post than the average one here, so I hope you enjoyed it! If you have any questions write them in the comments or send me a DM! You can follow me here on Reddit to stay updated on my posts! + + +[This Politico article](https://www.politico.eu/article/croatia-launches-euro-bid/?utm_source=POLITICO.EU&utm_campaign=b4bdde5ce3-EMAIL_CAMPAIGN_2019_07_05_05_42&utm_medium=email&utm_term=0_10959edeb5-b4bdde5ce3-190137661&_ga=2.18810041.1284569737.1562568206-1316352792.1562568206) says that Croatia is willing to join the euro zone, and if all goes smoothly, it will do join 3 years from now. This is ample time to personally prepare and profit from the situation. + +I of course am located in the country, which makes me wonder. + +What are the good reads on the topic? Where can i learn about what happened with other countries citizens upon their entrance? + +Could it be beneficial to take a loan in kuna beforehand so to get it converted to euro, or not? + +What about my bank account? Should i start converting my savings into euro? + +There are many questions, but in general i want to profit on this event. What would you recommend? + +&#x200B; + +PS.: I have tried to post this in /r/AskEconomics/ and in /r/personalfinance/ with little to no success. I understand this is a very specific question and a one-in-a-life-time event, but that's exactly why i want to talk about it! +In 2013 and 2017, my grandma called me to ask me "what bitcoin is" at the peak of bitcoin's bull run. Both times after she called, crypto crashed. It's my best technical indicator. + +Don't worry, she didn't call me yet. The crypto bull run will continue. +I recently teamed up with a few other investors to purchase acreage to develop. In my region the option period for commercial properties such as the ones we're looking for is usually at least 30 or 45 days, and 90 days isn't unusual. + +We found a property that met all of our criteria, put in a cash offer and it was accepted. We were all pretty jazzed because normally it takes many months to find the right property and we'd found ours and gotten a contract in less than a month. The seller did insist on a very short option period - 12 days - and also insisted on closing one week after the end of the option period. Unusually quick for a commercial property or so our realtor told us. We agreed because it was raw land and there were few unknowns. Really all we needed was the survey, which was necessary to verify the borders and acreage and to ensure the property condition was as stated. + +Seller repeatedly delayed getting us the survey even though they had it in hand (the property is a new plat that was just cut out of a farm). We finally insisted on extending the option period and the closing date on a day for day basis until we got the survey. The seller agreed because it turns out they needed the proceeds from this transaction to fund another deal (we weren't supposed to know this but the seller is a bit of a braggart and couldn't keep his mouth shut). He did insist on setting the end of the option period to 72 hours prior to the closing date, which meant closing only moved out two days and he could still do his next transaction. + +We got the survey at the end of the 8th day after the contract had been signed. The survey itself was of lower quality than I've ever seen (think fax of a fax of a fax) and weirdly included topographic elevation lines. After examining the survey we figured out that the property had been misrepresented - about 2/3rds of it was in the 100 year floodplain. One of the investors is a civil engineer; he got a survey crew out quickly and they verified the elevations (the USGS maps here can be way off). Raising the portion we plan to build on above the floodplain would add $700K to the cost of the land, which was only $1M to begin with, so obviously that wasn't acceptable. + +Not incidentally the line delineating the floodplain followed one of the topo lines. Doesn't take a rocket scientist to realize that the topo lines were probably included to make it difficult to figure out the floodplain issue. + +Irritating to have wasted our time on this but at least we didn't get cheated. We did request a discount of $500K to account for the situation but of course the seller didn't go for it. The seller was also quite pissed that we waited until a few hours before the option period was up to request the discount and then walk away from the deal (we canceled it at 4pm Friday). Apparently they're unable to close on their next deal and will be losing their earnest money if they can't get an extension. + +The lesson here is to do your due diligence and to not let the excitement of the deal cloud your judgement. +# The data don't lie when you look it in the eye + +# Hedgies are fuk and it makes them wanna cry + +# They're tanking the price, and I think we all know why + +# Because after this week, their short positions go Bye Bye! + +&#x200B; + +&#x200B; + +# Total OTC Weekly Trades 2021 + +[GME OTC Weekly Trades 2021](https://preview.redd.it/n8x4cg81jjc81.png?width=2515&format=png&auto=webp&s=a137f210189cc6878d4da2aa99abff0fe602add1) + +# + +# The Kingpins + +[Weekly OTC trades \(from highest to lowest\)](https://preview.redd.it/esg2ew8senc81.png?width=1854&format=png&auto=webp&s=dcfbe7d45a51efa95e228c5963f3b28e43da0df4) + +**Citadel** \- 553,172,918 shares and 9,918,215 trades + +**Virtu** \- 441,815,052 shares and 7,966,373 trades + +**G1 Execution** \- 159,393,148 shares and 3,119,015 trades + +**Jane Street** \- 56,914,394 shares and 1,523,471 trades + +**Two Sigma** \- 49,867,497 shares and 2,422,507 trades + +&#x200B; + +**Wolverine Securities** exited the GME OTC marketplace after the week of 3/8/21, the same week as the flash crash road rash. They had been an OG GME OTC participant dating back to September 2020 when I first started compiling OTC data. + +# The High-Frequency Parasites + +[High Frequency parasites, National Financial Services \(Fidelity\), Robinhood, and Drivewealth OTC trading in 2021](https://preview.redd.it/8z3d5h9u3nc81.png?width=1489&format=png&auto=webp&s=e33ed067d0a5ed2346d4b8ae294a3f84d4c92522) + +**NFS** \- 513,964 shares and **511,298 trades** (1.0052 shares/trade) + +**RH** \- 6,430,410 shares and **6,403,967 trades** (1.0041 shares/trade) + +**Drivewealth** \- 182,182 shares and **182,182 trades** (1.0000) shares per trade + +**Combined** \- Averaging 25-32% of GME OTC trades between the 3 of them (since October 2021) at 1.00 shares/trade. + +&#x200B; + +**National Financial Services** (**NFS**) (**Fidelity**) first joined the GME OTC marketplace in January 2021. Then came Robinhood... More on them later! + +&#x200B; + +**Drivewealth LLC** (which Point72 / Steve Cohen owns 15% of) joins the OTC frenzy on the week of October 4th. **Drivewealth Institutional LLC** had previously joined the GME OTC for the first time in March 2021. Why do both of these Drivewealth market makers exist on the same OTC marketplace? + +**Drivewealth LLC** proceeded to take over 8-13% of total OTC weekly trades at exactly 1.0000 shares per trade (182,182 shares traded 182,182 times). To me, this was their response to the upkick in DRSing. + +# Point72 and Fidelity sponsoring Drivewealth + +[Interesting timing for this influx of funding and joining the OTC marketplace](https://preview.redd.it/u2cg0x08knc81.png?width=930&format=png&auto=webp&s=fcad5db05f8399bab18115c855125486199d4692) + +# OTC Volume vs. Weekly Volume and Weekly Change vs. Weekly Range + +[High volume weeks have resulted in an increase in OTC trading and a wide weekly range](https://preview.redd.it/0507ajudxmc81.png?width=659&format=png&auto=webp&s=0f5d56dcb92865babacbd1108e87b164c7c69d10) + +&#x200B; + +# GME OTC Trading September 2020 - December 2021 + +[Monthly OTC data 9\/2020 - 12\/2021](https://preview.redd.it/1s2dxyesjjc81.png?width=2655&format=png&auto=webp&s=9ffc35abb1222763f5ec4ef5f6b8fbcec1e10da5) + +&#x200B; + +[Monthly OTC Data](https://preview.redd.it/27z2qicyjjc81.png?width=463&format=png&auto=webp&s=2f9cb27fc462ba5419611407a5cae999066a78e6) + +&#x200B; + +[Monthly OTC S\/T](https://preview.redd.it/gpnay530kjc81.png?width=1579&format=png&auto=webp&s=04410e0e3429fbb2a4bd4d89c1c3ab53bf3dfd80) + +# + +# Robinhood was up to no-good + +Robinhood (RH) traded 6.43 million shares in 6.40 million trades after first entering the OTC marketplace in January 2021. + +Most of their January OTC trades were updated in August 2021 (over 6 months later): + +Robinhood Cookin the Books Series: + +[https://www.reddit.com/r/Superstonk/comments/p4w9hq/january\_gme\_otc\_trades\_increased\_by\_32\_last\_week/](https://www.reddit.com/r/Superstonk/comments/p4w9hq/january_gme_otc_trades_increased_by_32_last_week/) + +[https://www.reddit.com/r/Superstonk/comments/pbhj00/the\_crooks\_keep\_cookin\_like\_nobody\_is\_lookin/](https://www.reddit.com/r/Superstonk/comments/pbhj00/the_crooks_keep_cookin_like_nobody_is_lookin/) + +&#x200B; + +January 2021 GME OTC Trades + +[January 2021 GME OTC Trades](https://preview.redd.it/7iljac5zrjc81.png?width=1236&format=png&auto=webp&s=36705b43800209ea583721926078cce32719f01b) + +February 2021 GME OTC Trades + +[February 2021 GME OTC Trades](https://preview.redd.it/uws2kk6jsjc81.png?width=1237&format=png&auto=webp&s=1c07f6a6c87613c2d138377dd224750dee26f691) + +&#x200B; + +[RH OTC Weekly Trades](https://preview.redd.it/w20hx7a8kjc81.png?width=2052&format=png&auto=webp&s=1afa7fa5263753eaade121c8423db3505584e07c) + +# Robinhood GME OTC + +https://preview.redd.it/c43a77lrsjc81.png?width=998&format=png&auto=webp&s=73b08e2c9bd9f489af5734afd304c631609c19c4 + +# Robinhood GME Weird Weekly Data + +[The week of January 25th, 2021](https://preview.redd.it/zpsas6notjc81.png?width=835&format=png&auto=webp&s=7d71402579f22a5988feb15ec0047942c1bc32a9) + +&#x200B; + +[ During the week of 2\/22, RH accounted for 0.62&#37; of the weekly share volume, but 24.22&#37; of weekly trades. GME was 17.37&#37; of their total OTC activity for that week!](https://preview.redd.it/7bg35eoysjc81.png?width=1185&format=png&auto=webp&s=a477380b26ecd448739d7c7ee6ca0154e5756f94) + +During the week of 2/22, RH accounted for 0.62% of the weekly share volume (red line), but **24.22%** (red line) of the **weekly trades**. GME was **17.37%** (red line) of their total OTC activity for that week! + +GME was only **0.70% of the total shares** for these OTC participants, but **5.52% of total weekly OTC trades**. High frequency trading? + +GME was the Top traded OTC stock that week (by trades) and every single OTC participant (except Wolverine and LEK) had GME trades accounting for **>1% of their total OTC trades**. + +The shares/trade for GME on the OTC was **38.39**, while the shares/trade for the Total OTC (including GME), was **303.66**. + +During the week of 3/8 (remember that big dip we saw on 3/10? Pepperidge Farms remembers...), RH was the top OTC participant with another 764,285 trades. They were responsible for 1.00% of the weekly shares, but 25.81% of the weekly trades. GME made up 19.89% of the total OTC shares and **20.93% of their total OTC trades that week**. + +GME was only **0.50% of the total shares** for these OTC participants, but **6.15% of the total weekly OTC trades**. High frequency trading again? + +GME was the Top traded OTC stock that week (by trades) and every single participant (except HRT) had GME trades accounting for **>1% of their total OTC trades**. + +The shares/trade for GME on the OTC was **25.84**, while the shares/trade for the Total OTC (including GME) was **319.45**. + +&#x200B; + +&#x200B; + +# This Week's Open Interest + +[301,407 Puts at strike prices less than $100 set to expire this week!](https://preview.redd.it/8dfaazj91kc81.png?width=2892&format=png&auto=webp&s=cf2f2245658b4b004445c4224ed6c6325bd8889b) + +# The majority of those $0.50 Puts were traded on 1/27/2021 + +[That's a lot of Puts...](https://preview.redd.it/pltgjzt12kc81.png?width=1244&format=png&auto=webp&s=c9fc27c8520e3202e8396539d5413698b7239524) + +Total Put OI is **473,609**. + +OI of Puts expiring this week is around **320,944**. + +So **67.7%** of their Total Put OI expires this week... + +&#x200B; + +Will try to make a more refined discussion post later this week! +Hey guys, I really like the Devs on this one and I think it could be a hit. Looking at their token and the liquidity, you can see this one is made to go pretty far. My main issue with alot of the new shitcoins coming out is that they are centralized and can easily be rugged but this one doesn't have those same qualities for me. If anyone would like to provide feedback that would be great, I'm not personally in the community but I've heard they are very strong. Hope everyone can use this and make a little money! as always their ad is attached below. + +WELCOME TO THE GREAT APE + +Why should you Ape in? + +[Great\_Ape\_Official](https://t.me/Great_Ape_Official) was coded by one of the most forked developers in the entire Crypto space, Morpheus. This dev created the fee share mechanism that charges a % on every transaction and you can see this code used on almost every newly launched token on any network. + +&#x200B; + +What makes this different? + +This token has solved many of the glaring issues with the current rebase tokens that use Morpheus' code and has improved upon them. The SafeMoon protocol has a built in Liquidity buyback function that leaves residue BNB in their contract. Currently there is around $1.5m BNB stored in their contract that is stuck there. This is a pretty big problem as tokens are essentially stuck there forever. This issue has been solved through an elegant buyback and burn function that can be called by anyone. Besides that, there are also big improvements to the gas cost and speed of every transaction. The code has been re-written from the ground up to allow this. As if that wasn't enough, the Safemoon and RFI clone protocols have some glaring security issues that can be exploited. All of those security flaws have been corrected and this is now rugproof. + +&#x200B; + +Still not enough? + +Ok how about the fact that the token is fully decentralized and had a fair stealth launch where members had to send 40 BNB to the contract address to provide liquidity which automatically enabled the ability to call it on to Pancakeswap. From there, there was a 100m buy limit for the initial 24 hours. This was to create a more even and fair launch instead of a single person buying out the entire supply. + +&#x200B; + +No team? + +We are all volunteers leading the charge in a fully decentralized environment. This means there are no dev funds or team tokens to sell off for marketing which is the reason behind the slow growth (Along with the current market situation). + +&#x200B; + +Once this starts to pick off we're looking at a BILLION dollar protocol! Right now is the exact BEST time to buy in as it has bottomed out after the initial selloff and is primed for the next blastoff. + +We have some diamond-handed apes and huge investors looking at us, once we get some movement they will APE in like everyone else. Get in now before them! + +&#x200B; + +APE RESPONSIBLY + +Contract: 0x7f4a15f5cf12e1650f090fb7bc7b0f240f1bde98 + +[Buy now at PancakeSwap](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x7f4a15f5cf12e1650f090fb7bc7b0f240f1bde98) +I will get a tattoo of the internet's choosing on my thigh. I beg of you to be kind, I am a family man in warm weather. We wouldn't be where we are without shorts and u/ deepfuckingvalue's knowledge from the future (didn't want to ping, don't want to disturb a legend), and Cohen piloting the rocket. Let's keep this Gamestop/MOASS related. + +I am willing to proof or ban, as is tradition. But as a result we need to define some things. How will we know it has begun and it is not just another run-up? Either it spikes immediately, or it starts slowly and so perhaps after 30 days we can confirm it has begun by sustaining a price in excess of previous all time high. + +If top comment is in truly bad taste, with mods permission, I would like to retain the right to pass to second top comment but this is only reserved for truly heinous shit, I know what you sick fucks cheer. + +Ape be kind to ape, don't fuck me up lol, I'm taking a risk here and it's my first tattoo. I think it begins on the fifth of November and this is my bet. + +Fucking obviously I'm cognitively impaired so if you truly consider this financial advice, you likely have a difficult life ahead of you. + +💎👐 + +Edit: Also, as a result of the countless hours of reading other, much smarter people's research on Reddit and elsewhere, I've concluded that I really like the stock 👍 and I like Computershare 👍 DRS 👍 +Still not financial advice. + +Edit again by popular demand: +https://www.reddit.com/r/Superstonk/comments/qh21n4/906030_was_a_great_way_to_predict_yesterdays/hia9hnh?utm_medium=android_app&utm_source=share&context=3 + +Some of the source of the hype. +I’ve looked at 300 (and counting) of [the 1880 companies that make up *Wealthsimple*���s SRI](https://docs.google.com/spreadsheets/d/1CNJiZg9XkHIW-jX3VthEKfVE5PsUWdAvwxMBbKD4V40/edit?usp=sharing) portfolio and it's far more invested in Oil / Gas/ Tobacco than the marketing suggests. Hard for first-timers to decipher the holdings and I think some of the ETF descriptions are misleading and the holdings conflict with each other. + +I contacted Wealthsimple and they were vague about upcoming changes. + +Full write-up here: [https://medium.com/@voshart/wealth-stupid-772699ab25b](https://medium.com/@voshart/wealth-stupid-772699ab25b) + +Wealthsimple's description followed by my preliminary review of holdings: + +## [iShares Low Carbon Target](https://www.ishares.com/us/products/271054/ishares-msci-acwi-low-carbon-target-etf) (CRBN) + +“Global stocks with a lower carbon exposure than the broader market” — *Wealthsimple* + +* *1380 holdings* +* *31 (*[*still counting*](https://docs.google.com/spreadsheets/d/1CNJiZg9XkHIW-jX3VthEKfVE5PsUWdAvwxMBbKD4V40/edit?usp=sharing)*) Oil and Gas holdings* +* *7 Cigarette companies* +* *2 (*[*still counting*](https://docs.google.com/spreadsheets/d/1CNJiZg9XkHIW-jX3VthEKfVE5PsUWdAvwxMBbKD4V40/edit?usp=sharing)*) Renewable energy holdings* + +## [iShares Jantzi Social Index ETF](https://www.sustainalytics.com/jantzi-social-index/) (XEN) + +“XEN: Canadian stocks, excluding companies with a poor social responsibility record based on broad ESG criteria” — *Wealthsimple* + +“XEN: Canadian stocks that prioritize environmental and social concerns” — [*Wealthsimple*](https://web.archive.org/web/20191208025100/http://www.wealthsimple.com/en-ca/feature/socially-responsible-investing/) *(*[Feb 2019](https://web.archive.org/web/20190201024847/http://www.wealthsimple.com/en-ca/feature/socially-responsible-investing/)\-current) + +* *52 holdings* +* *11 Oil, gas and pipelines holdings* +* *1 Reneweable Energy holding* + +## [Vident International Equity Fund](https://www.videntfunds.com/funds/vidi) (VIDI) + +“Developed and emerging economies with sustainable growth, based on criteria such as human rights and low corruption.” *— Wealthsimple* + +* *250 holdings* +* *5 (*[*still counting*](https://docs.google.com/spreadsheets/d/1CNJiZg9XkHIW-jX3VthEKfVE5PsUWdAvwxMBbKD4V40/edit?usp=sharing)*) Oil, Gas or Coal companies* +* *1 Tobacco company* +* *2 (*[*still counting*](https://docs.google.com/spreadsheets/d/1CNJiZg9XkHIW-jX3VthEKfVE5PsUWdAvwxMBbKD4V40/edit?usp=sharing)*) Renewable energy companies* + +## [PowerShares Cleantech Portfolio](https://www.invesco.com/us/financial-products/etfs/product-detail?productId=PZD) (PZD) + +“Cleantech innovators in the developed world” *— Wealthsimple* + +No problems with this one. + +## [BMO Mid Federal Bond Index](https://www.bmo.com/gam/ca/advisor/products/etfs?fundUrl=/fundProfile/ZFM!hash!holdings#fundUrl=%2FfundProfile%2FZFM%23holdings) (ZMF) + +“Fixed-income exposure via Canadian government bonds, in order to optimize for risk” *— Wealthsimple* + +Management fees seem high for for how low-yield, simple and boring this is. +I want to be as efficient as possible with my small amount of savings, as currently they are just sitting in my bank account. I've messed around with freetrade to a little success with buying stocks > £500. + +I am also considering opening an ISA with hargreaves lansdown and using a medium risk ready made portfolio ISA to hopefully let my savings not just sit idly and potentially make some returns on it. + +&#x200B; + +&#x200B; + +Any advice? Basically anything that prevents my money just sitting idly in the bank but also isn't super high risk so as to lose a large chunk of my savings. +I think I've learnt a few lessons that everyone has or will go through with Nio crashing a fair bit today so I thought it may be worth sharing it. I only started investing 2/3 months ago and here's what I've learnt. + +&#x200B; + +The main lesson being - diversify and don't get greedy! I started off with a majority in ETf's and a big chunk in blue chips, a small bit in high growth stocks (around 60/30/10) which started off very well and I was up 10% within just over a month - perfect! But of course, as that portion of high growth stocks (mainly Nio) was the reason for the majority of that gain... so my position within the last two weeks switched to 60% Nio the other 40% ETF/Bluechip. Yesterday.. Great News! I'm up 20% overall. Then today hit and Nio starts dropping after the initial rise.. what do I do? Sell not straight away but waiting till it's down to about 47$... then even worse I buy back at 49$ from panic and I guess FOMO of missing the bounce for it to drop even further. I know stupid, don't need to tell me. From being up £400 to now being up barely £100 in a single day. + +My progression and decisions over the last few weeks have been stupid and not thought through I understand that. I'm just making this post so that maybe someone else doesn't make the same mistake as I know a lot on here are quite fresh to the idea of investing like me and to share some key points (which we've all been told multiple times but clearly a lot don't listen to when it becomes vital). I know I will try to do my best to learn my lesson and be smarter but it's definitely a worthwhile lesson which I'm happy has been made early and not in the future. It's the first mistake but I assume not the last, got to learn from it + +\- Diversify! + +\- Don't be greedy! + +\- Don't panic! + +End of the day being £100 up is 5% up from where I started, which is more than on path to my goal of 10% gain in my first year there's no need to try to be greedy but instead be clever. +New rewards proposal for stakers from V. Personally I think it's more favorable to stake with these returns. I expect around 10 million to be staked initially. It would be 0.5% inflation at 10 million and 1% at 30 million. [(credit Econoar)](https://twitter.com/econoar/status/1119663109361192960). + +The rationale according to Justin Drake: + +>Below's my rationalisation as to why the numbers are reasonable. +> +>Targeting 2\^25 ETH at stake (\~32m ETH) for the long term feels about right for strong security. In such conditions, the base inflation would be \~1% and the base return \~%3.2%. Assuming each shard consumes on average 1,000 ETH in gas per year (about 100x less than what Eth1 consumes today), with half of the gas burnt, then inflation would be \~0.5% and the validator return \~5%. Feels healthy! +> +>If we get significantly less than 2\^25 ETH at stake then doubling the base inflation wouldn't be unreasonable :) + +&#x200B; + +|**ETH validating**| **Max annual issuance**|**Max annual return rate**| +|:-|:-|:-| +|1,000,000|181,019|18.10%| +|3,000,000|313,534|10.45%| +|10,000,000|572,433|5.72%| +|30,000,000|991,483|3.30%| +|100,000,000|1,810,193|1.81%| +|134,217,728|2,097,152|1.56%| + +[https://github.com/ethereum/eth2.0-specs/pull/971](https://github.com/ethereum/eth2.0-specs/pull/971) +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! + +As the post states, I've reached a point in my trading where I'm starting to get decent returns. I want to get my portfolio to a certain point, and from there just try to make a certain amount daily to cover me and my family's lifestyle. + +But I have this overwhelming anxiety nagging at me that all of this will lead to nothing and that these returns I'm beginning to see are too good to be true. It is getting to the point where it's starting to affect my trades, almost as if I'm compulsively rooting against myself sometimes. + +Does anybody else deal with this and if you're a successful trader, how did you deal with it? +I’ve spent a good deal of time getting to grips with wheeling (CSPs, CCs, rolling etc etc) and managed to get my AAPL shares down to a cost basis of $123 down from $138 over that last month. I’m happy because I had a plan and stuck to it - even though people were pretty vocal about selling etc. + +Can anyone suggest a theta strategy that I could learn next. I’m keen to add to my knowledge and would love people’s thoughts on next steps for me. + +I have around 38k in my account and keen the learn more. + +Thanks in advance! +I heard that you get different mortgages if the property you want to buy is an investment property instead of a primary residence and the interest rate for investment property mortgages are higher. So for example, can I just buy a 4plex with a primary residence mortgage and live in one of the units for a while. Then a while later can I buy another 4plex with another primary residence mortgage and just move and live in one of the units of the new 4plex? That way I won't have to pay the higher interest rates. Is this against the law? Thank you. +**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) +I’m considering purchasing a vacation home. My dream is that it will be a place to enjoy the quiet and nature for my family and me. Maybe it'll be a draw to keep the kids coming around as they get older. Perhaps even a place to celebrate holidays. I'm picturing my wife reading on the (hypothetical) porch. My son and me fishing in the stocked pond. My daughter and me practicing archery. As my wife and I get older, we will spend more time there than our primary residence. That's the dream. + +My concern is that I’d get more relaxation from the money being in the market via expensive vacations, RE earlier or coast if I think of a passion project. The second property isn’t a great financial investment and will derail my FI status by many years. It will also require all the same responsibilities as my primary residence - maintenance, insurance, taxes, potential for shitty neighbors, etc. My spouse and I both work full time and kids have their activities. I’m also wondering if we’ll use it enough or if it will just be another thing to maintain? + +Any thoughts from people who already own a second home or are considering the same? +Hi all, + +So three years ago my ex and I bought her parent's home to help them during a tough financial situation. We were also living with them then, so it made sense at the time. However, as you can tell, my ex and I are no longer together. I bought the home under the stipulation that her parents would be soon buying the home, as they were about to come into a sizeable amount of money after selling off the land they owned. + +Since then, I have not been able to get rid of this home/mortgage. Back in maybe 2020, I was convinced to remove my name from the title of the home. I know now that that was a big mistake. Following that, every few months it seems that her/her family are taking steps to either refinance or the home is in the initial steps of being purchased by the parents. + +However, this has been continuing for around 3 years and nothing positive has come out of this, as my name is on the mortgage still and I have no claim (title) to the home. + +What should/can I do from here? I want to get rid of this mortgage as I've vastly moved on with my life (new city, new career, and new relationship). I feel super ripped off by this situation, and so I want to take all/any necessary steps for this. + +Tl;dr Need to get myself out of a mortgage with my ex. What should I do? + +Clarification: + +\-Just to update this as I've seen it come up a few times; my ex/her family has been paying the mortgage on time since the beginning. I have not paid anything towards this. + +The mortgage is also in both my name and my ex's name, as her credit alone was not strong enough to secure the mortgage loan at the time + +Update: + +I've put myself into gear and started contacting local real estate lawyers for this. I looked into the quit claim deed itself in the meantime. + +Looks like yes, it did go through and I screwed myself there. But also, it looks like that earlier this year, a quitclaim deed was done by my ex.....and made her father the sole name on the title. I'm so frustrated with myself. + +&#x200B; + +. +I have around 80,000 cash saved up and was looking into purchasing my second investment property soon. Would it be wiser to purchase 1 BTC, or generally speaking diversify myself with a portfolio of cryptos? At this time, I own no Bitcoin and a small amount of eth and Ada. +I’m having a hard time committing to dropping 60-75 thousands for down payment and closing cost. Even with cash flow, appreciation , and possible tax write offs, I’m just thinking it would take to make that money back. It seems like crypto had a bright future from what I’ve seen, heard, and read these past 6 months. + +Opinions? +I imagine home-cooked trading bots can be profitable, but only under special circumstances or in a limited time frame. I may be mistaken though. + +I think of writing a trading bot as my dissertation and would like to have realistic expectations about the outcome. Is it feasible to write a trading bot within \~200h with some basic trading knowledge and solid programming fundamentals? I don't expect any spectacular returns, anything above 0% would be desirable. +With Twitter being a perfect example, how can a company go private if there’s still shares they need to buy back? Say for example 1 person buys 98% of the companies shares, but a person who holds 2% doesn’t want to sell or multiple share holders don’t want to sell, how can they be forced to take a buy-out? + +I was looking this question up because I’m currently invested in a stock OXY where Berkshire has bought 21% of the public shares with a goal to buy 50%+ public shares. Anyways the only answer I found is the person or company has to buy majority of public shares and then will make a set-price to buy off the rest. So how can a company go private when they haven’t bought all the shares back or if a shareholder that for example, has 3,000 shares refuses to sell and wants to be a >1% shareholder? How is that legal to force them to sell when technically they own part of the company? +I think I may be asking for contradicting things, but are there any High Volume/Open Interest Monthly Dividend Stocks to Wheel or write covered calls with? +I work in the asset management industry and I started hodling ETH around $50s so I'm a latecomer to say the least. I got into cryptos because we got wind of folks dealing in blockchains and such. Like for most people bitcoin was perhaps the first gateway drug into cryptos, but I never took the plunge until I heard the simple pitch about ethereum. Decentralized virtual server on blockchain, I am sold. I'm a young person and I'd say more than half of my liquid worth is in ETH. We are researching for ways to invest institutional money in this space and though the concept of cryptos, ICOs, tokens seem intuitively seductive for someone more attuned with technology and I personally done a fair bit of programming in my life, I struggle to see the fundamental value underlying ETH. + +My financial training separates the world of financial goods into currencies and assets. Currency is a storage of value and assets entail future benefits, most likely economic. I am still learning, and I see great potential for the Ethereum blockchain, I still don't see how the evolution of the Ethereum blockchain drives the price of ether. I'd dare to say that if there's no fundamental driver, then value is mostly future expectation for some kind of value realization in the future -- more bluntly, hype. + +One concession I'd make is that ETH is then seen as a storage of value like a currency. Currently one use of the currency is acquiring items and services that could only be accessed through ETH payments. The top example, of which I am aware that could be a driver for more adoption of people in to the ecosystem, being access to ICO. Seed stage financing access with an active secondary market is probably one of the most exciting financial innovations we have seen, in spite of the incoming mountains regulatory roadblocks. + +So what is left? Why does more people and more frequent usage of the Ethereum blockchain drives ETH prices? Gas is actively charged as a toll for using the system. ETH could be argued to become more available because as more people use the blockchain cost of access would increase. However, with things like Raiden and proof of stake up and coming, the burden on the system of each transaction become significant less. In some sense this fundamental value of ETH will also disappear. + +Maybe I feel like I wrote a rambling post. I've only been in the crypto world for less than a month. It's been an exciting ride and I love the technology and would love to dig deeper as each day goes on. Meanwhile, I'd love to introduce this concept to my senior colleagues who have spent their lives valuing companies and deals, which real cash flow and value. If you have thought about similar ideas or could point me in the right direction, would love to see what you think about regarding some of these issues. + +Thanks +On Sunday at around 2:00 AM I got a call from PayPal from the automated fraud line asking if the charge 4100 euros on my account was valid or if it was unauthorized. I quickly tapped the 2 and was thanked for helping keep PayPal “safe”. I checked my account and saw the charge and that they would have the money in their account in a few days. I tried to open a claim on PayPal but the claim was already opened with the message; Spoof claim created by IVR GMC or something along those lines. I googled it and I saw many posts of people opening claims over the phone and then having PayPal instantly close the case and refuse to let the person speak to anyone. What’s my course of action? Why did PayPal allow a payment from a different IP on the other side of the world for 4100 euros go through when I said it was unauthorized? I have 2FA on my PayPal and was supposed to receive a text every time I login? Any help would be appreciated. + +Tl;dr: PayPal got hacked and I was charged 4100 euros and a claim was already opened with the message “Spoof case created by IVR GMC” what does this mean and how do I get my money back? + +Edit: I am American and currently live in the US, many people were confused but the payment made was in Euro + +Edit 2: I called PayPal and they investigated, I got a full refund! +It’s ridiculous I’m even writing this but wanted others opinions. + +I bought a leasehold house in 2017 that is £1.20 ground rent every 6 months. Before completion of the house there was an outstanding rent of £16.60 which my solicitor made sure was paid up by the previous owner. My solicitor emailed the company who are landlords to confirm the rent was paid and once he got confirmation he forwarded it to me before going ahead with the completion of the property. + +Now, 2 years later, I have received a letter asking for 6 months rent (£1.20) for a period that the previous owner was in the house in 2017. I have confirmation it was paid, not only from the company itself but from my solicitor (he’s very good). They have said it was incorrect information provided and that there is still an outstanding balance of £1.20. + +Out of principle I’m not happy about it. But it’s only £1.20, right?! + +I’ve kicked off about it and currently refusing to pay it (why pay someone else’s debt/pay for someone’s mistake?) + +Would you?! +A lot of people have been claiming crypto is an effective inflation hedge, but now we have global inflation and eth and btc dropping rapidly against global currencies at the same time. It’s pretty clear that crypto is not an effective inflation hedge now, in fact it appears to inflate even faster than fiat in periods of rapid inflation. +Hello + +So I know there's alot of posts about how to split bills fairly as couple but this is a slightly unusual situation. + +My partner owns his home and pays a mortgage on it. He's asked me to move in, and we're going to discuss the money specifics in a couple of weeks, before I move in as we're looking at October/November for that. + +However the unusual bit is he works away during the week so is only usually in the house Fri afternoon to Sunday night sometimes a day mid week depending on the schedule. So bills will go up a fair amount with me being there 7 days a week an working from home 2/3 days a week etc. + +We want to discuss this and make sure it's fair and we're both happy with the amount. So I guess I'm looking for suggestions on what could be fair ways to split the bills etc. As the usual suggestion of percentage of income suggestions feel (to me) unfair to him in this situation. + +Anyone been in a similar situation or have any pearls of wisdom? + +EDIT: thanks for some insights especially those who have been in a similar situation it gives food for thought. + +Those saying you can't believe that this is a question, I'm so sorry that me and my partner have had different life experiences to you, that make this a viable question to us. I came asking for ideas not judgement on the question. + +I don't think I need more input I came here for some ideas /suggestions ideally from those who have been in a similar situation. So when we talk we have a variety of options, more than what we may think of by ourselves. Which I now have. And most of your are just repeating what's already been put anyway. + +EDIT 2 +I won't be looking at any responses anymore this got alot more attention than I expected. I thought a handful of people who'd been in similar situations would come forward with how they handled it. Overall some comments were useful, others were more judgy than anything. +Final edit: I took some people’s advice and just called State Farm myself. Had full coverage in about 10 minutes for $250/month ($2500/yr). I think the agent saw a rich guy who will pay whatever when they were trying to sell me a policy for 15k. + +Edit: thanks for the comments. Lots of people state it’s my driving record but I haven’t had a ticket or accident in 15-20yrs. No dui either. I’m 43 and have multiple other 100k+ cars. I’ll try Chubb or State Farm. + +I recently bought a Ferrari but have been having difficulty getting insurance for it. Several companies want me to own it for a year with a clean driving record before offering a quote. One offered me insurance but is a bit exorbitant (15k/yr). Any ideas before I spend the 15k? Already using a broker and tried bundling everything. +I personally don't, and believe that factors more subtle and more powerful than numbers are much more important for investment success. Obviously, numbers are useful, but I think they are over-emphasised. + +Inviting debate, discussion and a critique of my thought process. + +I have 4 simple reasons for my statement, from my own readings and thinking: + +&#x200B; + +**Numbers do not adequately capture the full picture/reality** + +Simply put, human senses are limited. So the information gathered by the brain is limited. That means humans will always have a limited view of reality, and whatever measures of reality they generate will also be limited. + +Numbers are a case in point. So at best, numbers can only make up a part of the investment decision-making process... because they can, at best, only understand a part of what is really happening. + +&#x200B; + +**Numbers do not capture the impact your decision-making will have on YOU** + +Best illustrated by an example. Let us say I screen companies using some traditional filters and pick one that looks decent. + +If it goes up and I record a big profit, I will always remember that. I will always be tempted to try that again... all my life. + +There is no number or numerical filter that captures this tendency. I cannot neatly measure and predict the degree to which this temptation will influence my future decisions. + +I can also not measure my ability to resist this temptation, whether short-term or long-term. + +But as you can see, it is very, very powerful and ever-present. It is much more influential in my thought process compared to almost any other factor because of the innate human tendency to try what has worked in the past. + +Investment is so random that every company's and industry's context/background keeps shifting, changing. That means every company has to be analysed from a fresh perspective every time. + +If I don't understand the implications a decision I take has on me, I'm ignoring the cyclical feedback loop that occurs every time I make a decision. + +&#x200B; + +**Numbers don't tell you what they are leaving out** + +Defining something means cutting it away. Separation is a necessary component of definition. + +But trying to tightly define something is very risky, particularly in a changeable field like investing because we don't exactly know what we are cutting out. That means we cannot understand the impact of what we are cutting out on our investments. + +For example, beta measures volatility of a stock. But it was only after value investors started talking about Beta's shortcomings that we could understand that it was seriously flawed. + +It does not remotely measure risk, but I doubt that many mainstream analysts properly understood that. Separating volatility from risk properly every time in the decision-making process is very slow and mentally tiring. + +&#x200B; + +**More difficult to detect underlying assumptions with numbers** + +Every single statement humans make will have underlying assumptions which make that statement possible. However, we usually do not have the time to coldly and rationally examine those assumptions. + +Examining those assumptions is important because they are much more powerful than the actual statements. Done correctly, the examination of assumptions will guide us much better than those statements themselves. + +If the assumptions are reasonable and stand up to scrutiny, we can be reasonably sure that we are on the right track. + +For example, companies are often valued in the mainstream by book value. + +However, there are very powerful hidden assumptions lying under that simple number. Once we start twisting and turning them under the microscope, some valuable knowledge is revealed. + +Assumption 1: Book value is a good measure of a company's worth. + +Assumption 2: Companies can sell their assets at stated book value if trouble arises. + +Examination: + +What if book value is not a good measure of a company's assets, or worth? + +It is a simple statement that the average investor relies on book value as a measure of a company's worth. Yet, in large part, the average investor's CAGR is not meaningful enough to increase his wealth drastically over the years, which is what every investor wants. + +So at least a part of that is caused by his reliance on book value. + +As for the second assumption, just try selling your used laptop on OLX. But before you do, just imagine that that laptop is part of a company's assets, and that the company's valuation is in part based on how much that laptop is valued at. + +So what would a typical CEO do? What are his incentives? + +His goal is to increase his company's value so that he gets paid more. Where do you think his incentives are leading him? + +Of course, to inflate the company's value by overstating that laptop's value. Obviously, when I try and sell it on OLX, it is going to go for far less. + +This entire mechanism is what results in some successful people only doing business with good people. Because it takes a lot of willpower to ignore perverse incentives, and not everybody can. + +Now if you want to cause some more mental pain to yourself, the entire paragraph above also has some implicit assumptions. For example, by asking the question of book value not being a good measure of a company's assets or worth, one would assume that book value is never a good measure. + +I'm sure that that is not the case. There are always exceptions, reality is stranger than fiction. + +Exceptions are powerful too. So we can logically deduce that at least in some exceptional situations, book value may of use. + +So by such thorough and mentally painstaking examination we can arrive at the conclusion that book value is just one numerical measure among many, is often not useful, but may be of use in exceptional situations. + +What those exceptional situations are, I do not know. But I would prefer not discarding variables so easily either - nobody knows everything. + +&#x200B; + +**Conclusion** + +Now we can examine the average investor's decision-making style. + +Most investors conduct some analysis of their own based on notions such as book value, mistaking it for fundamental analysis. Of course, it is based mostly on numbers and unexamined assumptions. + +Then they look at the supposed experts. These supposed experts also rely on increasingly niche and arcane numbers and measures, which I'm not sure correlate perfectly with reality. + +Smarter investors fall for this trap too. The higher the abstraction capacity of the individual, the more complex the numbers get. + +But the medium of analysis, which is numerical, never changes. Numbers don't become supplementary, they become the prism through which every investment is viewed. + +Then the investor proceeds to make his decision. But his decision is often faulty because it is based on extremely weak foundations. + +In that sense, I would say this is why investing is so tough. Everything is based upon layers and layers of information/perception, and the investor has to make sure to peel as many layers as possible and know just how important each layer is to that particular situation. + +Unless the investor knows that, it will not be a good investment decision. More importantly, his future decision-making will be compromised, priming him for further losses. + +Here is an old and famous quote, which is actually misquoted: + +*"Jack of all trades, master of none."* + +The full quote is "*Jack of all trades, master of none, but oftentimes better than a master of one."* + +Analogically speaking, the average investor will be better served by not relying only on numbers, or else he/she, even after prolonged and excellent effort, will just be a master of one. + +Please critique. +Hi, I am a junior+ React-Native dev, hoping to get a job in Germany in 2-3 years. The problem is my stutter. I can have giant speech blocks during conversations (2-3s). I have managed handling them in my native language by replacing words and with other technics. But when I speak English it gets much worse due to anxiety. Do you think I still can have a chance of relocation? Or maybe you know some examples. Will my stutter be a big problem? Will be glad to hear your opinions. +Like the title says, I have a duplex that I recently completely renovated and rented out last year. The downstairs tenants are planning on being there long term and would love a deck off the back of the house to give them some usable outdoor space. I agree it would be nice, but it was just quoted at $5000 and just isn't in the budget this year after redoing the rest of the building. They have offered to pitch in and contribute to the cost but I'm not sure how much to ask of them? They're great tenants and I'd like them to stay, so I've even considered the idea of a slightly lower rent or a freeze on rent increases for a while if we did go through with splitting the deck cost. Thoughts? +I've been working hard for months and restricting pleasures for this. I am young with very little experience in life and I cannot gather much more than this, but I believe in the potential of Bitcoin to build a better world and I am glad I got a small fraction of Bitcoin. I have the ledger buried and the seeds divided on metal plates and buried elsewhere. I hope I never need it and be part of the greatest human revolution. Hayek would be proud of us, let's move on! +I finally gave up buying a PPOR in Sydney and planning to buy an investment property in Brisbane. I spoke with few property investors and everyone, literally everyone tell me how I should buy more than a handful of properties over a course of 10 years and how I could comfortably retire then. Everyone were backing new house and land packages so you have don't have to pay the whole mortgage at the same time (registering land and building takes time and you pay mortgage only incrementally) . You don't have to pay your full tax and all those investment property calculations that tends to favor the ones who are inclined to risk. Calculators don't lie, do they? + +Their premise is the tenants and the depreciation of the house pays for itself. Always buy a brand new house so you can claim more on depreciation. They don't even know and see where and what they are buying. They just build with standard inclusions and don't really care about the quality because they are going to sell when it starts getting to suck. They are confident they have landlords and other insurance. + +The other question "they force" to ask yourself is, do you know anyone who has regretted buying a property (if they had hold it atleast for a decade) ? Do you think if you go back in time and bought something ten years ago, would you regret now? The answer obviously is no to both the questions. + +Lots are literally getting sold in couple of hours (I've seen it myself and attest to it). I'm a migrant and a citizen now and almost every migrant I know (irrespective of where you are from, but mostly I talk with Asians) supports this theory and working towards it. + +I honestly don't have anything to gain from this but I think they are not completely wrong. I would love to hear what you think. + +Edit: I forgot to add how they always about the very high rental yield and low vacancy rates. And even a capital growth of 4% is sweet. And again, the data supports the claim. + +Edit2: Lot of people might right come up with similar ideas like /u/MrX2285 which is *"This mentality is in part causing the housing boom, and these people will be the most affected when the housing bubble bursts and causes a major recession. This will be a fine idea if you're sure the housing market won't crash before you die/mortgage is paid off, but if it does crash then you may need to work for many more years to pay off the mortgages or declare bankruptcy."* + +**But the investor might only need to have a tenant occupying his property during the crash. The tenant basically pays off his interest only mortgage while the investor sits tight and would sail through the crash and sell it later. That's why the property "gurus" advice people to have at least a 15 year horizon. Again, without prejudice they have a point there.** + +Edit3: As /u/crappy-pete has rightly pointed out, it might be very difficult in this current scenario to live off only with the rents from IPs. **But, what if, this still provides a fantastic vehicle to retire early with the capital appreciation and you do a barista FIRE or something of that sort rest of your life? Can it alteast advance the retirement from the full time job by 10 years?** + +Edit4: As /u/soupie62 said - *If things go bad and interest rates are 15% or higher, how much would you need to raise the rent?* **The only real economy Australia has real estate and the jobs surrounding real estate. Again these are the words of my bloody property gurus. They talk about how savings is going to generate negative interest rates, and how increasing interest rates on housing is a disaster for the whole country and thousands would lose homes and no political party would let that happen. It's very evident even during covid, isn't ?** + +Edit5: Sorry, it's not a new trend. My bad! +In the last two days or so, I have noticed a sudden uptick in anti-MOASS sentiment. I wanted to take a little time to go through this latest FUD campaign. You probably saw different variations attached to low effort, stale memes like: + +&#x200B; + +>"*MOASS is not a guarantee anymore you guys!!1!"!!"* + +MOASS is inevitable. + +&#x200B; + +>"*If MOASS doesn't happen, GameStop is still a good long term investment you guys!1!"!!!!"* + +MOASS will happen AND Gamestop is a good long term investment. + +&#x200B; + +>"*Ryan Cohen is leading us on!!11"! How come there was no AnNNOunCemEnT on July 4th?!!?12?"* + +Ryan "judge us by our actions, not words" Cohen? get outta here... + +&#x200B; + +>*"When I tell people about MOASS people tell me I'm crazyyyyy!!"1!"2 But I trust in the tweets of Cohen hHAhahHA!!1!"* (as if there isn't a MOUNTAIN of verifiable DD) + +The tweets are BULLISH, don't get me wrong, but its the DD that you should trust. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +So lets put down a Timeline which will also function as a table of content: + +1. **Leadup Hype to July 4th** +2. **"Disappointment" about no Announcement** +3. **Aftermath and near full activation of shills** + +# 1. Leadup Hype to July 4th + +**Any further mention of "we" is used so I don't have to write a sentence to describe this subreddit, it got tiering after a while so here is the disclaimer <3** + +So at this point I'm convinced that the Hype about the dividend was hijacked and amplified with very questionable theories and weird conviction of the validity of those theories. + +They were setting up another emotional Pump and Dump. We have seen those countless times but this time they had a prepared menu of shit that they wanted to shove down our throats. + +One of those things was to break our unshakable bond we have with Ryan "Big Poppa" Cohen. + +They wanted us to believe that the July announcement was a forgone conclusion and "THerE iS NO OtHerR OptIoN JusT loOk At HiS TWeeTS!1!! And GaMeStOp EMpLoyEe CONFIRMED IT". + +The Employee never mentioned a date, he just speculated about an incoming announcement. + +Not gonna lie, I was hyped, but not only because of the announcement. The thing is I'm ALWAYS hype and NEVER disappointed because I'm invested in the BEST COMPANY IN THE FUCKING WORLD. + +So after they hyped the living SHIT out of this date which started with "hey the 4th is a holiday so they will probably announce it july 1st or 2nd" after nothing notable happened the distrust was slowly seeded in "ohh yeah its CALENDAR DAYS its fine guuuysss on the 4th SURELY he has an announcement" + +So what happend after july 4th and there was no announcement? The stage was set and the shit was slowly cooking in the background. + +# 2. "Disappointment" about no Announcement + +Ryan Cohen tweeted and beside that nothing notable happened. After I observed for a bit, I realized that Ryan was trying to reel us back in and at least acknowledge the narrative, so we aren't let down too much (which is impossible because we are invested in the BEST COMPANY IN THE FUCKING WORLD). After that rather uneventful July 4th the shills started creeping up again and the FUD kicked into next gear. We saw "disappointed apes" pop up suddenly and question if Ryans other tweets were "just a ruse too, because look nothing happened here and we were PrOMisEd an announcement!1!1!!". I also saw an uptick in general skepticism in almost every DD and data point we aggregated here at our beloved Superstonk. ("WhAt ElsE waS I WroNg AbOUT?!?!") + +In the meantime we saw some weird shit go down in another corner of reddit and one thing caught my eye. After the "joke" was cleared up there was a sentence which said something to the effect of: + +*"As we enter the second half of 2021, let this be a reminder to always read everything with a skeptical mind and to seek out as many different viewpoints as possible before jumping to conclusions. Be especially careful of confirmation bias and echo chambers."* + +HMMMMM sounds like someone wants people to be less trusting, and go to different places to get a different perspective. Was this subtle brigading bait? Or just a try to get more traffic to subreddits shills have more control over? Or maybe create a state of confusion so the july 4th will be harder to navigate because of all the stuff going on? When people encounter novel situations, they tend to be more careful and this was probably a try to create further confusion, or it was just a really shitty attempt at a joke haha good one guys so clever. + +# 3. Aftermath and near full activation of shills + +Which brings us to today. Shills are in full swing and they come in different flavors. + +**The low level rude shill:** + +This is the shill you are supposed to find, so you feel like a clever ape who has his guard up! You found them all right?! They want to give you a false sense of security, so you think you catched them all. + +**The suddenly concerned and distrusting shill:** + +Those are the "MOASS is not guaranteed anymore guys! Look how many catalysts we had and nOtHiNg HaPpeNnD", "Ryan Cohen cant be trusted anymore!", "The DD is flawed guys! else we would have squoze already!!", "If Moass doesn't happen at least we have the long term growth potential of gamestop, RigHT gUyS?!" + +They will try to make people second guess the DD, they will try to make people second guess Ryan Cohens intentions. They want to make you "Be especially careful of confirmation bias and echo chambers". + +**The bait and switch shill:** + +They will first lure you in with kind of good vibes and than slowly but surely link you to different subreddits with FUD, I've seen some people linking other subreddits WHICH IS BRIGADING AND IS STRICTLY AGAINST THE RULES. + +Some will try to make it seem that you can only invest in GME for one reason, either MOASS or Long-term (look up black or white fallacy). But I have multiple reasons and GameStop's fundamentals and MOASS complement each other which makes GME the best investment in our lifetime (in my humble opinion). This company with this Leadership is redefining what it means to run a company. It doesn't matter why you bought in or why you are holding, we all want to see GameStop succeed and shills do not want GameStop to succeed, that's the dividing line. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +The list goes on some of these shills are just relentless because its their job to be that way. They will not stop spouting their bullshit, but at the end when you ask them for evidence or any coherent argument they will just deflect or call you stupid or link to another subreddit. + +I also noticed that it probably takes some time to organize those campaigns and sometimes when we throw them a curveball, they will most of the time just go ahead with it anyways. The anti-Ryan sentiment was one such thing. They really thought they could break this bond... silly shills. + +They are SCARED, its obvious and everything they have left is playing with emotions. The DD is rock solid, the math was quintuple checked from every angle. + +**SHORTS. DID. NOT. COVER.** + +**MOASS. IS. INEVITABLE.** + +Trust your conviction, read the DD again if you want a refresher (I read the TL;DR because I don't last that long and PornHub just doesn't do it for me anymore). + +I just wanted to do this writeup to bring some clarity to the situation and because I cant sit still while my home is being attacked. So in that spirit, see you on the other side, I appreciate every single one of you <3 + +# Power to the Players + +&#x200B; + +EDIT: Just wanted to emphasize the point some people make here. GameStop is an asymmetric bet with virtually no downside. Why? Because the fundamentals are so fucking good, that if you have a long time horizon this stock will 100% print money guaranteed. So there is next to NO RISK to buying and holding. I mentioned in the post that the MOASS is inevitable BECAUSE the fundamentals are so strong. Else there would be an expiry date to holding but with GME THERE IS NONE. Compare that with other stocks, which are shorted too, but just don't hold a candle to GameStop's fundamentals. GameStop is making a miracle turnaround, because of Ryan Cohens leadership. NO OTHER STOCK HAS THAT TURNAROUND STORY, ONLY GME. The reason the other stocks are shorted still apply. But GameStop is a completely different company from a year ago. + +We cant lose, its impossible. This is not over I know, but they CANNOT WIN as long as we buy and hold which is infinitely easier when the fundamentals are as strong as GameStop's. The shills can talk shit all they want. But we all know these guys at least own a share, they all do. They just cant say it out loud, because they will get fired. The shorts only have a naked king, we have 6 pawns storming the board and about to become queens. Just keep pushing those pawns to victory baby! + +&#x200B; + +&#x200B; + +EDIT2: First thanks for the support and awards, I just woke up and I am glad that what I wrote resonated with so many people <3 second, after seeing the diamond handed comments, I'm in awe about all of you apes totally unfazed by the fud. To the newer apes who maybe needed a little encouragement, just watch what absolute beasts you have standing with you. Maybe I got caught up a bit too much in this FUD myself. You guys absolutely ROCK, If I wasn't ZEN enough you guys helped me reach it now. Its an honor to be surrounded by people like you. TO ALPHA CENTAURI AND BEYOND! +So, BBBY rising up fast and I gave a quick look at institutional holdings to see that Citadel and Susquehanna are now the 5th and 6th biggest shareholders on BBBY, with 2M shares each. + + +https://preview.redd.it/wal3dko893i91.png?width=857&format=png&auto=webp&s=4b11664292265dd99f590d5ed9ea236e1b44d224 + + + What's more interesting is that Cramer went on twatter ranting that "those short sellers" didn't learned their lesson and should've covered their BBBY positions while they could, and that's something that we've talked about here, ALOT, and the names of the short sellers that we refered here were Citadel and Susquehanna who are able to manipulate prices by re-directing buy orders to off- exchanges (darkpools) since Citadel is also a market maker (Pretty controversial right?), spoofing, etc. +It suggests that if they were to be investigated for abusive short selling and naked short selling of Gamestop in 2021, this looks like an attempt to use the BBBY squeeze as an excuse for these 2 hedgefunds to say they weren't in on it in Jan 2021, just as they are not part of it with the BBBY squeeze because they are obviously long on BBBY. + +News personae, hedge funds, potential big corporate CEOs getting together to ruin small businesses in order to make more profit, I think it's becoming pretty obvious to anyone that there's a vicious circle in Wallstreet, or a circle jerk if you will. + +&#x200B; + +https://preview.redd.it/1hxtcuw693i91.jpg?width=1439&format=pjpg&auto=webp&s=e073056f5e79da5a1cf0d6f5e0bab7e601c98cc0 +I'm so extremely depressed. I have no job (been looking for months), bank account is basically $0, and my rent and utilities are due soon ($1500 approximately). I don't know what to do or where to turn to. I'm at my wit's end and feel like everything is about to crash down around me. Life feels impossible right now. + + + +EDIT: THANK YOU all for your encouragement, suggestions and input. I do feel a lot better after reading many of your comments, and will definitely be putting your ideas to use. I appreciate all of it. +Hi so I’m a bit confused. + +Say my current total contribution room is 30k. I deposited 5k in my TFSA through WS within the last 2 years; will the contribution room in my CRA account show 30k or 25k? + +Does the CRA show your total room or show your contribution room after taking into account your deposits? And do they know about them without me reporting it? +In case you missed $DOGE, $SHIBA, $AKITA and so on, this one's for you! The insane gains holders of these tokens have seen are mindblowing, and we'd like to present to the community the next moonshot: MoonBud ($MBUD). + +&#x200B; + +Over at MoonBud, we also like to give not only to our community, but to the fellow four-legged friends we all love - this means that $MBUD is a charity token as well! Token holders will be able to use a governance dApp in order to vote for their favorite dog charity to donate to. The only projects that have done so far have market caps way in the millions, meanwhile MoonBud has a starting market cap of ONLY 55 THOUSAND! + +&#x200B; + +This is a project where LP tokens have been locked with DxSale for 1 year, meanwhile the dev tokens have been locked for 3 months- making a rugpull COMPLETELY IMPOSSIBLE! This is very rare as most dev wallets are used to provide funds for various expenses, as well as general profit taking. We hope that this shows the goodwill and long term interest the development team at MoonBud has. + +&#x200B; + +The tokenomics are also favor HODLers, as with each transaction comes a 5% tax. 2% is distributed to HODLers, 2% is transferred over to the charity wallet meanwhile the remaning 1% are sent to the burn address. + +&#x200B; + +Info: + +&#x200B; + +Total Supply: 1,000,000,000 $MBUD (1 billion) + +&#x200B; + +Sale price: 4,250,000 $MBUD per BNB + +&#x200B; + +Listing price: 4,600,000 $MBUD per BNB (4,400,000 in practice due to the tax) + +&#x200B; + +Dev Tokens: 5% (Locked for 3 months) + +&#x200B; + +Marketing Tokens: 2.5% + +&#x200B; + +Liquidity: 500,000,000 $MBUD + +&#x200B; + +Liquidity Lock: 100% for 1 year + +&#x200B; + +Contract: [https://bscscan.com/token/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba](https://bscscan.com/token/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba) + +&#x200B; + +WEBSITE: [https://www.moonbud.space/](https://www.moonbud.space/) + +&#x200B; + +TELEGRAM: [https://t.me/moonbudofficial](https://t.me/moonbudofficial) +35 here, and made about 1400 last year in dividends. Some holdings are up while others are down and I also have some non-dividend paying positions. + +Determining if I am in the ‘right’ bracket for this or if I should adjust my strategy. + +Should mention some of my holdings include T, KO, QQQ, REM, XOM, VTV, XLC, CMCSA, APPL, DIS, JETS and some other non-dividend positions. Long on most and understand some have very small dividends but are good strategic plays IMO +I guess this sounds a lot like stocks, but I'm just curious if such things exist where a bunch of investors pool money together and manage a bunch of rentals across the country. +Also, is that net or gross income? + +My rent is most likely increasing by $200/m soon, which will be 53% of my net income. I work from home so I’m trying to decide how to best handle the change, financially. +&#x200B; + +https://preview.redd.it/2880e7qixpf81.png?width=331&format=png&auto=webp&s=ff4f8cca13cbd8b4a70271c416c81fbdd489f651 + +* Market cap = $182m +* Share Price = 0.21 +* SOI = 868m +* Cash in Bank = $8.65m (as of Dec 31, 2021) + +I am not the foremost expert on BKT I am just sharing what I have learnt. I welcome any constructive comments about the company or any corrections. + +**About BKT** + +Black Rock’s flagship asset is the Mahenge project in Tanzania. Prior to becoming Black Rock mining the company was called Green Rock Energy with a number of projects that were eventually divested. + +The company started exploration activities on Mahenge shortly after the asset was acquired mid-2014. + +https://preview.redd.it/xokgaectxpf81.png?width=940&format=png&auto=webp&s=8af85e048e523a8aa3a693c44fdd72dea9434d44 + +Once the Mahenge project started showing promising signs, the company name was changed from Green Rock Energy to Black Rock Mining early 2015 and a new prospectus for the raising of funds was distributed for further exploration of Mahenge which was subsequently oversubscribed. + +https://preview.redd.it/8pxcec0wxpf81.png?width=261&format=png&auto=webp&s=6a6dd50027ca0c630a5376c25e50ad5b84e22f5a + +Drilling and exploration work paid off with the PFS demonstrating the economic viability of Mahenge with low capex requirements and very high margins. Works continued until a DFS and finally an eDFS (enhanced definitive feasibility study) was completed in July 2019, more on this later. The rationale behind the need to undertake the eDFS when BKT already had a DFS was that the customer feedback was for a more aggressive ramp up of production, and I guess the customer is always right so you gotta give them what they want. This resulted in an extra module (stage 4) being added to the project. + +The current CEO, John de Vries, was appointed to the CEO position in early 2017 and so has really been at the helm throughout most of the Mahenge phase of the company. Looking through his LinkedIn profile, there is no doubting his credentials as someone suited to run BKT. His professional career dates back to 1984 as a graduate mining engineer where he has since held various positions of Mining Manager, Senior Mining Manager and General Manager for companies such as Orica, BHP, St Barbara etc. Basically the man knows his way around a mine site. It doesn’t look like has had much in the way of executive roles. I consider this a positive i.e. he is not someone that has jumped around from the boardroom of one ASX junior explorer to another. He appears to be committed to the project and listening to his presentations, he is a concise and professional communicator and the ideal person to lead BKT. + +&#x200B; + + **About Mahenge** + +Graphite is unlike other minerals in that the finished product from 2 different mines is not going to be identical. Compare this to precious metals such as gold and silver where an ounce is worth X dollars and at a certain purity it is fairly universal. Graphite once it is processed is categorised into flake sizes. The variety and proportionality of the flake sizes extracted from the ore are effectively bundled together to form a “basket”. The value of this basket is dependent on these flake sizes and their relative ratios. This is where you will see graphite producers referring to mesh size etc. Mahenge has a large proportion of large and jumbo sized flakes which is good as these are more desirable. I am not going to pretend to be an expert but from what I understand BKT’s “basket” is valued quite highly and as qualification programs have shown it is suitable for use in manufacturing of EV batteries. + +The macro environment around the forecast demand of graphite and its use in the manufacturing of EV battery anodes has been bandied about and repeated ad-nauseum… so here are some more graphs (these I pulled from RNU). Basically prices are expected to continue rising. This should further improve the economics of the Mahenge project. + +https://preview.redd.it/8ce1ru0aypf81.png?width=784&format=png&auto=webp&s=cd6f1f36e88b1aa5b947a66c91fed82128704bac + +https://preview.redd.it/aglqqisbypf81.png?width=805&format=png&auto=webp&s=a791e011150f78aed8f87e8cc1c4c0833ee7e554 + +The Mahenge asset is held in a UK company, Faru Graphite Corporation. The Tanzanian government have a FCI (free carried interest) in Faru of 16% with BKT having the remaining 84%. The FCI agreement was recently finalised with the Tanz Gov late last year Dec 2021 at a signing ceremony as the below pictures show. + +https://preview.redd.it/pfoyapffypf81.png?width=940&format=png&auto=webp&s=405897ea76d60d37584cfc68fb286caa48ffc786 + +Mahenge contains the largest graphite reserves in the world with measured contained graphite of 2.7Mt. + +https://preview.redd.it/yx38xu44zpf81.png?width=940&format=png&auto=webp&s=e223366c9ad9a0d79e7dafc0043483795b74f815 + +The total graphite content (TGC) for the 213Mt is 7.8% with the ore reserve coming in at 8.6%. I would say that this is neither high nor low and relative to it’s peers, Mahenge ranks somewhere in the middle. + +Mahenge is located near power, water and transport infrastructure in the middle/south of Tanzania approx. 500km from the former capital and largest city in Tanzania, Dar es Salaam. This advantageous location will also help in keeping operational costs down. The AISC for life of the mine are low at $US 494/t. + +https://preview.redd.it/zpqyzso9zpf81.png?width=940&format=png&auto=webp&s=8308a23c913e0fed59914015f2e8997cf5da02b6 + +Initially the eDFS indicated that stage 1 power will be provided by diesel generators, however investigations are underway to have power from hydroelectric from the get go at stage 1 rather than wait until latter stages. I believe this is being investigated to further de-risk the project and aid with the finance talks. + +&#x200B; + +**The eDFS** + +Now that the history lesson is complete, what you really want to know is: How much money will this thing make? I won’t go into detail as you can read the full eDFS report [here](https://newswire.iguana2.com/af5f4d73c1a54a33/bkt.asx/6A938130/BKT_Mahenge_Enhanced_DFS_with_Executive_Summary). + +* Post Tax NPV10: A$ **1.65Bn** (US$ 1.16Bn) **BKT attributable value after FCI**. +* EBITDA after stage 4 completion: A$ **426m** (US$ 306m) +* LOM AISC US$ 494/t +* Basket graphite price US$ 1301/t + +&#x200B; + +https://preview.redd.it/488xjupozpf81.png?width=940&format=png&auto=webp&s=067d25058ec1397c41d0654a5e741dab5f417837 + +Now these numbers are amazing except the project is broken into 4 stages/modules. Stage 2 module will be an extension to stage 1 with stages 3 & 4 modules being a replica of stages 1 & 2. While this reduces the upfront capex requirements it does unfortunately draw out the timeline for reaching full production. In my opinion this should translate into a more steady increase in the share price rather than a BRN-style moon launch. Stage 1 will produce 85ktpa (highlighted below) of graphite product with all 4 stages combined producing 350ktpa. + +https://preview.redd.it/q76pau4uzpf81.png?width=940&format=png&auto=webp&s=4f0268f3e9c39eec94793396afa658b29dd4ae2d + +Cashflow from stage 1 will fund each subsequent stage with each additional stage taking 1 year for construction (capex requirements are below). + +BKT have undertaken a 500 tonne qualification program for offtake partners. Following testing and analysis this program has demonstrated the suitability of the graphite product to be used for the manufacturing of EV battery anodes. This was the largest qualification program that a graphite explorer/producer has ever undertaken and it massively de-risks the project. + + + +**Financing Mahenge** + +A major hurdle with any project is the process of acquiring finance. All the work done so far are aimed at de-risking the project and providing certainty on the viability and profitability of the project. No bank or financial institution will lend you money unless they know that you will be able to pay it back. As far back as July 2019 in the eDFS the below excerpt shows that a number of inbound finance proposals were received. + +https://preview.redd.it/jg1clvr00qf81.png?width=976&format=png&auto=webp&s=4e90dc6cbb0ba1092a6fcdce4d64e93d886b0f1e + + + +I have not delved much deeper into the finance process that they are undertaking except that communications and announcements from BKT indicate that it is front of mind and a priority. + +So how much money do they need? The CAPEX for stage 1 is $US115m. Each subsequent stage is being funded with the cashflow from preceding stage(s). The below table shows the development capital costs. + +https://preview.redd.it/0n6xjc430qf81.png?width=940&format=png&auto=webp&s=48a4410944572d95dee7bddd61449f9398c96215 + +So the initial goal is to raise $US115m and then that will kick this whole thing off. The below image shows the remaining $US61 that is required to fund and meet CAPEX requirements of stage/module 1. + +https://preview.redd.it/2cloacc70qf81.png?width=940&format=png&auto=webp&s=aad1d683d9906b9227f9d962780d3ec0258efad4 + +Again, I am not across the intimate details of the financing progress. However, $10m prepayment from POSCO was recently agreed to with potential for the other $10m to come from Export Credit Agencies (whoever that is). This should leave just the $61m outstanding (you don’t happen to have a spare $61m? no… ok). Whether this will come from debt/equity remains to be seen. + +&#x200B; + +**Offtakes & Partners** + +Black Rock have been in discussions with POSCO for a while with an MOU initially signed in June 2020. Subsequently in December 2020 POSCO acquired 15% of BKT at VWAP of 0.082. Immediately after that the SP took off quite sharply as the market responded positively to the news. POSCO, South Korea, is one of the world’s largest producers of anode feedstock and a major participant in the global LiB (Lithium ion Battery) industry. + +POSCO are a strategic partner that have options on the right to a long-term offtake arrangement for up to 100% of fines (sub #100 mesh). This is expected to be up to 40,000 tonnes per annum2 at full production rates for module 1. The sub #100 mesh portion attributable to POSCO will be processed into battery anode feedstock for POSCO’s LiB business. I am not sure if this has been activated but suffice to say that POSCO and BKT have a strong partnership. + +The below table from the DFS shows the current committed offtake agreements in place. These offtakes cover the output for the first 3 stages and may have varied since this was published in 2019 (I am running out of time writing this DD). + +https://preview.redd.it/vuqvi4ho0qf81.png?width=713&format=png&auto=webp&s=fb588e04d1924a84cc67596d4d0a3026c1b1f97d + + + +**What’s Next** + +Achieving finance is the final piece of the puzzle. This week they announced a 25% increase in measured mineral resource. This 25% increase effectively confirms that 100% of the likely loan life is underpinned by measured resource. This further de-risks the project for any underwriters that BKT are seeking to acquire finance from. + +&#x200B; + +**Forecast & Conclusion** + +At the risk of pumping BKT too much and having this post moderated, I will explain why I like BKT as an investment. You guys may remember that I was heavily invested in PSC with some DD posts that I published 1 year ago. I see many similarities between where PSC were a year ago and where BKT is now. Both had offtakes in place and mining licenses acquired (shovel ready). Both underwent significant pilot/product qualification programs. Both have good relationships with local government. Both have massive reserves at high grade. Both are flying under the radar with a market cap at a fraction of the NPV. + +BKT have a simple plan, get the shit out of the ground and sell it. Comparing BKT to graphite peers is difficult as many value add to the graphite with extra processing facilities to create PSG (spheronised graphite) or buying old graphites mines in Ukraine. I like the simplicity of their business model. Yes I know Tanzania is not exactly the stablest country but I still think there is significant upside based on the risks. + +Having now done the above DD I am more confident in my investment and have gone in big more so than what I did with PSC. + +If I could place a bet for 3 years from now I would. But for now: + +u/username-taken82, I BET BKT WILL HIT 75c OR ABOVE BEFORE XMAS 2022. IF SUCCESSFUL I WILL CELEBRATE WITH A TATTOO OF THE ASX BETS BLONDE HAIRED KOALA. IF NOT I WILL ……… TAKE A 3 MONTH BAN (bit more palatable this time). + +This has taken me longer than I would have liked, but based on comments in the post I may do a follow up to this post to address any questions raised. +Here’s a DD on Melbana energy, an ASX small cap oil and gas explorer who’ve recently made a mega find in Cuba, with another one in the barrel about to let fly. If you like IVZ, you’ll love MAY. + +**TLDR: MAY has $35m in cash, a 30% share of 267million barrels of oil (80m) independently assessed from drill one, and drill two heading to target depth in the next week or two with a mean 114mbbl estimate (34m, MAYs share).** + +**If like me, you have the attention span of wing nut, you can read the bold bits alone.** + +Usually, the market prices in ground reserves conservatively, say at 70% discount. **At a share price of 10c the market values MAYs resource at $3.75-$5.86 per barrel, roughly a 95% discount.** + +Now I know it’s fashionable to chunder rainbows, spruik healthcare for whales and mine for lithium these days; but last I checked **new oil supply coming online is falling whilst global demand is still growing.** + +The macro setup for this stock for a 5 year hold is excellent. In the short term, it’s great for day trading degens, as its smack bang in the middle of pennant with price responding primarily to drill cycle catalysts for the last 6 months. + +The original DD on Melbana Energy (MAY) is from reddit user [u/portiss50](https://www.reddit.com/r/ASX_Bets/comments/p09kmf/melbana_energy_may_a_hybrid_mix_of_ivz_brk/) . This is now two years old and anyone riding since them has 5-10x. **Good for them, but is it too late, has MAY had its run and why is the market discounting this stock so heavily?** + +Let’s get **some basics** out of the way. MAY is an ASX listed oil and gas explorer, headquartered in Sydney. This DD is entirely focused on its onshore block 9 Cuba operations. They also have a royalty only interest in an exploration campaign in the beehive prospect offshore WA slated for drilling later this year. + +**MAY has a 30-70 split in block 9 with Angolan national oil company, Sonangol.** The joint venture agreement states that cost and profit of operating the lease after the initial two wells will be 30-70. In addition, **MAY has an offtake agreement with CUPET, the Cuban national oil company, CUPET buys the oil at international prices.** The **royalties imposed are approximately 27.5%** subject to change. + +The driller is Sherritt, a Canadian rig operator with a long history and good safety record in Cuba. The deposits are in accessible regional setting where farmland is dominant, serviced by existing roads, **approximately 50kms from the nearest port / refinery. There is a disused / underutilised pipeline adjacent to the Zapato prospect. Trucking the oil to the refinery is a stop gap solution.** + +**Costs of recovery** in Cuba are low, with CEO Andrew Paul giving a conservative **estimate at $20 per barrel**. Cuban fields traditionally produce heavy crude, but Zapato is adjacent to a field that produces / produced a lighter oil. Basically, heavy oil sells for a 13% discount on the lighter stuff. The two are mixed and refined, or used separately for different applications (ships, refiners powerplants all use different feedstock). **Cuba has a deficit of** heavy and light **oil**, but it is mainly set up to consume heavier oil. + +\- **Below is a summary of the two-drill campaign at block 9.** + +||**Alameda (Drill One)**|**Zapato (Drill Two)**| +|:-|:-|:-| +|Status|Drilled and logged Dec21-Mar22|Drilling \~1900/2600m| +|Million barrels est. (pre-drill)|180 (54)|\~ 38-214 (13-65)| +|Mbbl est. (post-drill) 5% recovery|**267 (80)**|\-| + +**So, to re-cap, MAY found 143% more oil than the mean estimate in their first hole, for a total of 3.6 billion barrels, of which the assessors (McDaniel’s) estimate 267 million (5%) are recoverable. MAYs net share (before royalties) is 80 million barrels… So far.** + +In case you care, Alameda consists of three sheets: Amistad (a further 3 sub-units), Alameda and Marti. I won't pretend to be informed about the geology on site, suffice to say they went looking for oil; and they found it. + +Before we dig into Zapato, let’s **spend a minute dreaming about what this resource could be worth to shareholders when MAY goes into production mode**. I’m going to include everything in this estimate that I have been able to find, cost of recovery, the "in-ground discount", royalties and I’ll also vary the oil price and recovery rate. Why mess with the recovery rate? The pressure regimes were quite high, that could lead to a higher recovery rate. We’ll set the max at 10%. Shares on issue is currently 2.9 billion. I’m using 3.4 billion to account for options exercise (expiring September) and purely hypothetical future cap raises. + +\- My numbers + +|In ground discount (reserve\*0.3)|Oil price ($AU)|Cost of Production ($AU|CUPET Take|Profit ($AU)|shares (m)| +|:-|:-|:-|:-|:-|:-| +|\~ mbbl|50-105|20|27.5%|(Mbbl\**0.3)*(price-CoP))\*(1-0.275)|3,400| + +**- The output** + +|Est. Fair Value|Est. Reserves 80mbbl|Est. Reserves 120 mbbl|Est. Reserves 160 mbbl| +|:-|:-|:-|:-| +|Oil at $35 USD | $50 AUD|15c|23c|31c| +|Oil at $50 USD | $70 AUD |26c|38c|51c| +|Oil at $75 USD | $105 AUD |**44c**|65c|87c| + +**Not bhed**. + +On the most conservative of scenarios, market is undervaluing MAY by 50%. At a very conservative estimate the share price should sit around 44c. Remember, **I’ve valued 70% of the 80mbbl reserve at $0. Worst case with production being put on, 15c-44c. Best case this is an easy 8-10x.** Now **in the short term these valuations don’t mean shit. I mean really, dog turds in the gutter have as much if not more predictive power than valuations**. + +$35m cash on hand might be enough to get this done, **but until MAY can demonstrate a credible path to production, oil in the ground =/= $$ on the balance sheet and value for shareholders**. + +**In the short-term price will be decided by flows, stock catalysts, macro etc. Speaking of…** + +**If above didn’t get the vein in your temple pulsing, let’s talk about Zapato** + +**Zapato is the second well** in the two well campaign **and currently being drilled**. It is also onshore in block 9, targeting one continuous sheet and has **been estimated to contain** between 38 and 214mbbl of recoverable oil (MAYs share 13-65mbbl), with a mean estimate of **114mbbl (34)**. + +The target was identified in the same way as Alameda, using electromagnetic and gravity surveys. MAY's geologists claim there is a large anomaly they are targeting. Melbana’s geologists speculate this could be the ‘kitchen’ for the historic Motembo field that produced a high quality light crude. + +**AS of the last update (05 August) the drill was at approximately 1900m of 2600m depth.** + +|Objective|Chance of Success|Low mbbl|Best mbbl|High mbbl|Mean mbbl| +|:-|:-|:-|:-|:-|:-| +|Zapato|23%|38|95|214|114| + +Looks ok. Sure. About **two weeks ago the drill head got stuck**. Whoopsie. In the process of pulling back the mud weight and recovering the stem, **oil was observed on the shakers at around 1650m** depth… This is well above the target structure and portends very well. I’ll let you dig deeper, **I recommend the ASX notices.** + +This has already gone on a bit too long but let me just do a quick **bear** dot point **summary**. + +* ESG / climate stuff makes banks wary of funding new O&G projects. +* Angolan Oil Company, Sonangol has a history of corruption (pre-2017). +* Cuba has jurisdictional risk and lower safety standards (very recent fire at oil warehouse). +* Both drill holes have had delays. +* No flow testing was done at Alameda, another well is needed (however this would likely also be the production well at Alameda). +* Falling oil price could drag MAY down. +* Macro environment could go to complete shit, or simply favour risk off. +* Insiders have been buying and selling, with ‘tax time’ selling over the last 6 months. +* **Management fails to progress to production.** +* You'll find all this stuff in the ASX notices. + +All in all, the usual risks of investing in a small cap O&G explorer in a developing country. **Nothing to run screaming from in my opinion.** + +**In conclusion, if you like IVZ, you should consider MAY too.** I don’t acrually think this is better than IVZ, every O&G explorer is different. However, I will say that even at double the MC, **MAY is significantly derisked and undervalued** by comparison and can reward short term and long-term holders alike. NFA. + +**Positions: 500,000 shares at 11c. Still adding on dips.** + + +EDITS: Fixed the ouput table formatting, and some minor gramar. +**401(k) contribution limit increases to $19,000 for 2019; IRA limit increases to $6,000** + +WASHINGTON — The Internal Revenue Service today announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2019. The IRS today issued technical guidance detailing these items in [Notice 2018-83](http://links.govdelivery.com/track?type=click&enid=ZWFzPTEmbWFpbGluZ2lkPTIwMTgxMTAxLjk3MDI5NjcxJm1lc3NhZ2VpZD1NREItUFJELUJVTC0yMDE4MTEwMS45NzAyOTY3MSZkYXRhYmFzZWlkPTEwMDEmc2VyaWFsPTE3MjE0NjI1JmVtYWlsaWQ9ZGF2aWRAcnJtb2F0c2NwYS5jb20mdXNlcmlkPWRhdmlkQHJybW9hdHNjcGEuY29tJmZsPSZleHRyYT1NdWx0aXZhcmlhdGVJZD0mJiY=&&&127&&&https://www.irs.gov/pub/irs-drop/n-18-83.pdf). + +&#x200B; + +**Highlights of Changes for 2019** + +The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan is increased from $18,500 to $19,000. + +The limit on annual contributions to an IRA, which last increased in 2013, is increased from $5,500 to $6,000. The additional catch-up contribution limit for individuals aged 50 and over is not subject to an annual cost-of-living adjustment and remains $1,000. + +The income ranges for determining eligibility to make deductible contributions to traditional Individual Retirement Arrangements (IRAs), to contribute to Roth IRAs and to claim the saver’s credit all increased for 2019. + +Taxpayers can deduct contributions to a traditional IRA if they meet certain conditions. If during the year either the taxpayer or their spouse was covered by a retirement plan at work, the deduction may be reduced, or phased out, until it is eliminated, depending on filing status and income. (If neither the taxpayer nor their spouse is covered by a retirement plan at work, the phase-outs of the deduction do not apply.) Here are the phase-out ranges for 2019: + +* For single taxpayers covered by a workplace retirement plan, the phase-out range is $64,000 to $74,000, up from $63,000 to $73,000. +* For married couples filing jointly, where the spouse making the IRA contribution is covered by a workplace retirement plan, the phase-out range is $103,000 to $123,000, up from $101,000 to $121,000. +* For an IRA contributor who is not covered by a workplace retirement plan and is married to someone who is covered, the deduction is phased out if the couple’s income is between $193,000 and $203,000, up from $189,000 and $199,000. +* For a married individual filing a separate return who is covered by a workplace retirement plan, the phase-out range is not subject to an annual cost-of-living adjustment and remains $0 to $10,000. + +The income phase-out range for taxpayers making contributions to a Roth IRA is $122,000 to $137,000 for singles and heads of household, up from $120,000 to $135,000. For married couples filing jointly, the income phase-out range is $193,000 to $203,000, up from $189,000 to $199,000. The phase-out range for a married individual filing a separate return who makes contributions to a Roth IRA is not subject to an annual cost-of-living adjustment and remains $0 to $10,000. + +The income limit for the Saver’s Credit (also known as the Retirement Savings Contributions Credit) for low- and moderate-income workers is $64,000 for married couples filing jointly, up from $63,000; $48,000 for heads of household, up from $47,250; and $32,000 for singles and married individuals filing separately, up from $31,500. + +&#x200B; + +**Highlights of Limitations that Remain Unchanged from 2018** + +The catch-up contribution limit for employees aged 50 and over who participate in 401(k), 403(b), most 457 plans and the federal government’s Thrift Savings Plan remains unchanged at $6,000. + +&#x200B; + +EDIT: + +The limitation for defined contribution plans under Section 415(c)(1)(A) is increased in 2019 from $55,000 to $56,000. (ie Mega Backdoor Roth Contribution) + +&#x200B; + +The limitation under § 408(p)(2)(E) regarding SIMPLE retirement accounts is increased from $12,500 to $13,000. +**Edit**: On March 25, 2014 the IRS released Notice 2014-21 addressing the taxation of bitcoins. This post was updated on March 26, 2014 to reflect the IRS's positions contained in the Notice. + +********************************* +**Introduction** +********************************* +I've noticed a significant amount of uncertainty around here about the taxation of bitcoins. In effort to provide some guidance , I've compiled some of the most common questions I've seen and tried to provide straight-forward, easy to understand answers. I am a tax attorney, but there is so much uncertainty surrounding bitcoins that I expect some people to disagree with one or more of my conclusions. If you have a contradictory opinion, please share it. We would all benefit from an educated discussion of this issue. + +Keep in mind this post is intended for a layman audience. If you are a tax professional or want a detailed examination of this topic, you find this post lacking. Please don't nit pick this post with technicalities or narrow exceptions, I purposely excluded such nuances for the sake of readability. + +I should note that this post does not address aggressive tax planning strategies. Such strategies are a lot of fun to discuss, but they do not belong in this type of post. If you are interested in such strategies, perhaps we can make a follow-up post on another day. + + + +******************************* +**Legal Disclaimer** +******************************* +This post was created for general guidance on matters of interest only, and does not constitute legal advice. You should not act upon the information contained in this publication without obtaining specific advice from a tax professional. No representation or warranty (expressed or implied) is given as to the accuracy or completeness of the information contained in this post, and I do not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this post or for any decision based on it. + +CIRCULAR 230 DISCLOSURE +To ensure compliance with requirements imposed by the IRS, I inform you that any U.S. federal tax advice in this communication is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing, or recommending to another party any transaction or matter addressed herein. + +THE AUTHOR +Tyson P. Cross is a tax attorney in San Diego, California representing individuals and businesses with tax issues related to Bitcoin and other cryptocurrencies , including tax return preparation, tax planning, and FinCEN compliance. He can be reached at Tel: +1 619-786-0641 or Email: tyson@BitcoinTaxSolutions.com. *(this information is to ensure I am compliant with attorney advertising rules).* + +*********************************** +**Topic 1: Realization** +*********************************** + +**#1: Are gains on Bitcoins taxable?** +Yes. This is one of the only unequivocal answers you'll find in this post. All income is taxable, regardless of source or form, unless the Internal Revenue Code specifically states otherwise. Bitcoins present a lot of interesting tax questions, but whether gains are taxable is not one of them. + + +**#2: When do my gains become taxable?*** + +Gains are taxable in the year they are realized. Realization occurs when you exchange bitcoins for any type of other property; such as cash, merchandise, or services. This includes everything from haircuts to yachts. Essentially, any transaction involving Bitcoin is a realization event and triggers taxable gain. *Note: IRS Notice 2014-21 expressly confirms this treatment.* + +Because I've seen a lot of misinformation on this point, I want to make myself perfectly clear. If you own bitcoins that have appreciated in value, you cannot use them to purchase goods or services without realizing gain. Such a purchase is an accession to wealth. It puts you in the same position as if you had first sold the bitcoins for cash and then used the proceeds to purchase the goods or services directly. Yet, one would be a taxable transaction while the other would not? The IRS would never tolerate such a blatant loophole, and neither would the courts. In fact, this exact argument has already been rejected for other types of assets. The outcome for bitcoins will be the same. + +Unfortunately, this has some serious implications for the future of bitcoin. I have to question the effectiveness of bitcoin as a medium of exchange when the user has to calculate his or her tax liability on every single transaction. As the saying goes, the power to tax is the power to destroy, and this is no exception. + +*Note: There is a code section that might provide some relief here, but only if bitcoins are categorized as a foreign currency. Under this code section, the use of bitcoin to buy goods and services would be tax free as long as the transaction was personal (i.e. not for business or investment) and did not generate more than $200 of gain. Unfortunately, the IRS ruled in Notice 2014-21 that bitcoin is not a currency for tax purposes. So, this code section is inapplicable unless the IRS changes its position sometime in the future.* + + +**#3: What if I sell my bitcoins but do not withdraw the proceeds from the exchange?** + +It doesn't matter, your gains were realized the moment you sold them. It is irrelevant whether the proceeds from the sale are kept in your bank account or your exchange account, you still have a realized gain for tax purposes. + +**#4: What if I exchange my bitcoins for altcoins?** + +This is a fair question and implicates what is known as a "like kind exchange." Like kind exchanges do not trigger realization, and therefore are tax-free. Although it's technically possible for bitcoins and altcoins to qualify for-like kind treatment, I think it's exceedingly unlikely. The regulations for like kind exchanges require the two property types to have the same rights, characteristics, and obligations. Whether altcoins and bitcoins meet this test is uncertain, but I would tend to think not. ~~Additionally, if characterized as a foreign currency, bitcoins would be automatically barred from like-kind treatment anyways. Thus, there are two significant legal hurdles that must be overcome before bitcoin and altcoins can qualify as for like-kind status.~~ Although nothing is for certain when it comes to bitcoins, I'm fairly confident that like-kind treatment will fail at one or both of these hurdles. Thus, I would not suggest that you try to qualify such a transaction as a like kind exchange until further guidance on this issue is given by the IRS. + +*edit: IRS Notice 2014-21 concluded that bitcoins are not a foreign currency, therefore it is possible that bitcoin can qualify for like-kind treatment if the "rights and characteristics" test is met.* + +**#5: So how can I avoid realizing gains on my bitcoins?** + +The only way to avoid realization is to hold your bitcoins without selling or exchanging them. If you were hoping for a different answer, I'm sorry. Whether you decide to actually report you realized gains is of course a different matter, but as far as the law is concerned, you have realized gains upon any sale or exchange of your bitcoins. + +**#6: How does the IRS know about my gains?** * + +The IRS only knows what it is told. This means that it has no knowledge of your bitcoin transactions unless someone tells them. Here are four way that can happen (others may exist). + +First, your bitcoin exchange or payment processor may report your transactions to the IRS. This would be done with a Form 1099, which you’ve probably encountered at one time or another in a different context. However, it does not appear that bitcoin transactions are currently subject to the 1099 reporting requirements (although that will probably change). Thus, unless they voluntarily file a 1099 against you, it is unlikely that the IRS will receive a report of your bitcoin transactions. Note that they would need your social security number to file a 1099 in your name. *Edit: IRS Notice 2014-21 clarifies that "payment settlors" who convert bitcoin payments to cash for merchants will have to file 1099s. IF you are not a merchant, than this does not impact you.* + +Second, your bank or bitcoin exchange might file a Suspicious Activity Report ("SAR"). US banks and bitcoin exchanges are required to file SARs for wire transfers that are “suspicious” and larger than $5,000 ($2,000 in the case of bitcoin exchanges). The meaning of “suspicious” is very vague and highly discretionary. Out of an abundance of caution, many banks automatically treat all international transfer as “suspicious.” So, if you’ve sent or received a wire transfer of more than $5,000 to/from an international bitcoin exchange like Mt. Gox or BTC-e, you can be pretty sure that your bank has already filed a SAR against you (although they are prohibited from telling you if they did, so you'll never know for sure). The larger and/or more frequent you SAR filings, the more likely they will become a legitimate red flag and trigger an investigation. Although FinCEN is generally concerned with money laundering activities, the IRS does have access to FinCEN filings and it is common for IRS special agents to participate in FinCEN investigations. + +Third, someone can rat you out to the IRS, which happens far more often than you might think. The simple fact is that people get jealous, and if they've heard that you've made lots of tax free money with bitcoin, they might get tempted to make sure justice is served. There's also that nice reward the IRS will pay them for snitching. + +Fourth, you voluntarily and accurately report your gains on your tax return. That might sound ridiculous to some people given the inherent anonymity of bitcoin, but there are some very rich people in prison right now who used to think the same thing about their Swiss bank accounts. The fact is that penalties for failing to report income are significant. This includes the possibility of criminal prosecution. You can also add to this the additional penalties for failing to report foreign financial accounts (discussed below), which can be even more severe. + +At the end of the day, you have a decision to make. You can comply with the law and pay taxes just like everyone else, which is admittedly unpleasant. Alternatively, you can violate the law and hope that you don't get caught. Maybe you will, maybe you won't. If you are caught, though, the amount of money you'll be forced to pay in penalties and interest will drastically exceed the amount you saved. That's not to mention the possibility of a felony criminal conviction and a prolonged stay at Club Fed. Personally, I have seen the havoc wreaked on people's lives by tax crimes and I would never want to be in their shoes. Neither should you. + +**TL; DR:** Gains on bitcoins are taxable income. They become taxable when you sell bitcoins for cash or exchange them for goods or services. The IRS does not receive any direct information regarding your bitcoin transactions, but it has other ways of finding out. The monetary and criminal penalties for failing to report gains are not worth the taxes you'd save. + +**Continued Below** +*Edit: This post has been edited since it was first posted. An asterisk was placed next to the questions that underwent more than just grammatical changes. Additionally, questions related to losses were inadvertently omitted from the first post, but have since been added back.* +Zillow CEO Spencer Rascoff, in a Tweet, announced that Zillow will now start flipping houses. This is not a joke. Do you flip houses? Do you buy, rehabilitate and sell properties? If so, Zillow is now your competitor. Does that upset you? If so, here's how you can fight... + +Demand that real estate agents and, especially, brokerages you hire do not syndicate your properties to third-party sites like Trulia and Zillow. Trulia, if you're not aware, is now owned by Zillow. Do you work with an agent who uses dotloop? dotloop is also now owned by Zillow so refuse to sign any paperwork using dotloop. Tell your agents and brokers that you will refuse to list your properties with them if they continue to syndicate your properties to Trulia and Zillow. Brokers have the ability to stop syndicating their listings to Trulia and Zillow and other third-party sites with a simple click of a mouse. + +My brokerage, Hub Edge Realty, has never syndicated its listings to any third-party sites except Realtor.com, because Hub Edge Realty's MLS, MLS PIN, has a pre-existing agreement with Realtor.com, and MLS PIN Homes, because it's MLS PIN's own search site and is not bedraggled with competitors' advertisements. Third-party sites play fast and loose with your data. I want to control the narrative that is your property and I can't do that when the Zillow Zestimate is used by buyers to negotiate. + +Did you know that Redfin has also entered the house flipping business through RedfinNow. Redfin is now your competitor. Do not use Redfin to buy or sell real estate. Simple. + +This is serious business... Redfin and Zillow are now your competitors. They are buying houses that you could've bought... +#[WELCOME TO THE FUCKIN CASINO R/ALL](https://preview.redd.it/lsp714e263i91.png?width=489&format=png&auto=webp&s=c4aabe4d06e3e0755cf5fa1a9bbff5a6d781c2f6) +Alright so I made a post earlier about [missing shares for my proxy vote](https://www.reddit.com/r/Superstonk/comments/uengd4/check_your_share_count_when_voting_fidelity_cant/?utm_source=share&utm_medium=web2x&context=3). + +After being dropped from the chat, and waiting on the phone for 50 minutes for clarification, the rep that was working on this offered to call me back in 20-30 minutes with an answer as to why, if I didnt have any margin debit, and I'm not part of the share lending program, I was missing 67 shares for GME. + +&#x200B; + +Fast forward 6 hours and here's what I got. Sus as fuck. + + +The guy said he checked with three internal departments. The margin department, the share lending department and the proxy department. He said that although the margin and share lending departments "confirmed" those share were not lent, the proxy department has those marked as lent. + +Naturally my next question was - well... How does the proxy department determine that and how can that be incorrect when compared to other internal departments/books? Although the rep was helpful, he didnt have an answer and just said "thats what I'm trying to understand as well" telling me that theres an investigation and a case (provided the case number). He said he should have some answers in a few days, and that's were we left it. + + +Here's my theory, I'd like to hear yours. Maybe theyre just fucking cooking the books and they made sure their margin and share lending departments were wiping that shit off the books since I havent incurred any margin debit, but they fucked up and forgot to take care of the proxy books, since that's more of an unusual thing that only needs to be QC'd more infrequently? i dont fucking know. Realistically not voting 67 shares is inconsequential relative to the float. What's pissing me off is how they are doing sketchy shit and can't explain it. This is just what I needed to transfer over my remaining shares to computershare I guess... +I just want to ask him, how his shorting positions are doing, considering that the South African Stock Market has and continues to outperform the American, European and Asian stock markets as the South African economy is now coming out of recession and investors are streaming to South Africa. + +Do you plan on holding your short positions and hoping for the best (Well, worst for the country, best for you), or have you already, or are you at least planning to sell your short positions if things continue to improve for the South African Stock Market and economy? + +Also, to other investors, do you think that he has made a huge blunder with his decision, or do you think he should hold as he made a possibly good decision? +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +[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 Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Past research has found that experienced well-being does not increase above incomes of $75,000/y. This finding has been the focus of substantial attention from researchers and the general public, yet is based on a dataset with a measure of experienced well-being that may or may not be indicative of actual emotional experience (retrospective, dichotomous reports). Here, over one million real-time reports of experienced well-being from a large US sample show evidence that experienced well-being rises linearly with log income, with an equally steep slope above $80,000 as below it. + +&#x200B; + +[https://www.visualcapitalist.com/chart-money-can-buy-happiness-after-all/](https://www.visualcapitalist.com/chart-money-can-buy-happiness-after-all/) + +[https://www.pnas.org/content/118/4/e2016976118#sec-1](https://www.pnas.org/content/118/4/e2016976118#sec-1) +I draw with space crayons. I swing trade on steroids and it makes me enough money to fuck your wife - which costs less than you think. + +So listen up. Follow along and I’ll tell you a tale of how this OG meme will make you rich in a few days. https://imgur.com/a/FP8foPf + +BOOM pro is a script made by this guy. And he fucks. Hard: https://www.tradingview.com/u/veryfid/ + +MACD and RSI you should know, if not, wait for Cramer to tell you about it on CNBC ya boomer. + +The sequence to look for with GME is: + +* The Boom Pro Signal line (the WHITE line amongst the agglomeration of Center of Gravity a.k.a COG oscillators) finds a bottom after a high point. + +* The Red COG cloud establishes an uptrend. + +* The signal line finds resistance (red line) in it’s first top after the red cloud has established it’s uptrend. (YELLOW circles) + +* When the signal line breaks the resistance (red line) the rocket is launching (GREEN vertical line) + +* This is confirmed by MACD, RSI, and a stochastic pop indicator made by another guy who fucks: https://www.tradingview.com/u/ChrisMoody/ + +As you can see this is a leading indicator strategy with multiple confirms, with a high success rate for GME. + +I’m going to sell a kidney tonight to buy $5K worth of call spreads Feb 18 at open 110C/140C. See you in the Casino degenerates. + +Edit* formatting and expiration +So today I searched for "Apple net debt" i.e., total debt - cash & equivalents. The result on macrotrends suggest they have 14b excess cash. I then went to apples balance sheet and low and behold, they have roughly 120b in total debt & only 20b in cash - so net debt of 100b. + +I'm happy to look through the balance sheets myself but honestly just a quick google search is better - now I realised how easily the data can be wrong if you're not looking at the balance sheet itself. ....so basically what websites are free & good at providing this kind of data? I use financecharts.com but it's pretty limited. I use yahoo when I want to read the balance sheet. Any website where I can just search "net debt msft" and get a solid answer? +Just looking at Rob Vinall's portfolio on dataroma, he is down across the board, by quite a lot, including Carvana \~80% and Wix \~ 50%. I think it would be quite hard to come back from that, for example if a stock is down 50% it has to double just to get back to break even. Even if it tripled over a 3 year period thats 'only' \~ 17% return considering how difficult a triple is. How difficult do you think it will be to turn things around? +After about a year of various fiddling with my portfolio and countless hours researching the best methods for investing, I finally took the plunge and went full Munger. + +My current portfolio is 40% INTC, 30% BRK, and 30% GOOG. + +Munger and Buffett talk about how it makes no sense to invest in your 10th best idea. That's exactly what I had been doing for a while, holding between 10-20 different companies at any given time. I was even rebalancing between single stocks and index funds every so often. + +After watching my index funds go down while my BRK holdings (largest holding at around 20%) went up 15% YTD, I realized that the index was actually dragging on my returns. I also had some other fancy ideas about mimicking Pershing Square's performance by imitating their 13-F fillings. That one really didn't work out! I even tried the same thing with Berkshire, buying their individual stock holdings instead of just simply buying BRK. That didn't work out either. + +My methods were too complicated and too fancy and I would have been better off taking the Munger approach in retrospect. Maybe I should have sold some of my IQ points? So here I am capitulating. I outperformed the index, but I could have done so by a much wider margin of I hadn't been so skittish and unsure of myself. The opportunity cost is real. + +I understand that I may underperform the index in the future, especially in time periods as short as a year. So be it. That's simply the way of things. But at the very least, I am now in control of my destiny. + +I am now the captain of my ship and the master of my fate. + +Edit: For context, my 401(k) money is in index funds since there is no other option available. This portion of my portfolio is 20% of my overall stock portfolio. Since I already hold indices in those accounts, it seemed unreasonable to split my individual portfolio into indices also. + +Edit 2: After considering some useful feedback, I changed the composition to 40% BRK and 30% INTC to decrease tech exposure from 70% to 60%. I'm definitely comfortable with this and think it is smarter. I'll try to remember to do an update post in the following years to see how this post ages. +After about a year of various fiddling with my portfolio and countless hours researching the best methods for investing, I finally took the plunge and went full Munger. + +My current portfolio is 40% INTC, 30% BRK, and 30% GOOG. + +Munger and Buffett talk about how it makes no sense to invest in your 10th best idea. That's exactly what I had been doing for a while, holding between 10-20 different companies at any given time. I was even rebalancing between single stocks and index funds every so often. + +After watching my index funds go down while my BRK holdings (largest holding at around 20%) went up 15% YTD, I realized that the index was actually dragging on my returns. I also had some other fancy ideas about mimicking Pershing Square's performance by imitating their 13-F fillings. That one really didn't work out! I even tried the same thing with Berkshire, buying their individual stock holdings instead of just simply buying BRK. That didn't work out either. + +My methods were too complicated and too fancy and I would have been better off taking the Munger approach in retrospect. Maybe I should have sold some of my IQ points? So here I am capitulating. I outperformed the index, but I could have done so by a much wider margin of I hadn't been so skittish and unsure of myself. The opportunity cost is real. + +I understand that I may underperform the index in the future, especially in time periods as short as a year. So be it. That's simply the way of things. But at the very least, I am now in control of my destiny. + +I am now the captain of my ship and the master of my fate. + +Edit: For context, my 401(k) money is in index funds since there is no other option available. This portion of my portfolio is 20% of my overall stock portfolio. Since I already hold indices in those accounts, it seemed unreasonable to split my individual portfolio into indices also. + +Edit 2: After considering some useful feedback, I changed the composition to 40% BRK and 30% INTC to decrease tech exposure from 70% to 60%. I'm definitely comfortable with this and think it is smarter. I'll try to remember to do an update post in the following years to see how this post ages. +« The rub has been that +government has been exceptionally able +in printing money and creating promises, +BUT (government) is unable +to print gold or create oil » + +He was referring to their 1964-1979 book value’s annualized compounded growth of 20.5%, and inflation... + +Book value of Berkshire in 1964 could by 1.5 ounces of gold, but in spite of the previously mentioned 20.5% compounding, + +in 1979 book value of Berkshire could… + +buy still only 1.5 ounces of gold. +I have worked with commodities most of my professional life, with little experience looking at stocks. Mostly because I have no idea how to avoid the Enron, Worldcom type of event risk. Only way I can think of to mitigate this risk is through put spreads, but then I noticed single name options could have liquidity issues, and often I'd be paying way too much for them. + +How do you guys manage this? + +\*some follow up thoughts + +Thank you all very much for the thoughtful responses. I'm really hoping for potential solutions besides diversification; my main concern here stems from this HBR research, [https://hbr.org/2016/12/the-scary-truth-about-corporate-survival](https://hbr.org/2016/12/the-scary-truth-about-corporate-survival), according to these guys, if I simply set up a portfolio of random US stocks, I'd expect to lose at least 40%\~ in 5 years, and 80%\~ in 40 years. +I'm still quite new value investing and all, but do any of you old timers ever get overwhelmed by everything and just go "Screw it! I'm just gonna put everything into SPY? +I moved from a HCOL city in the northeast to South Florida in 2020 with the intention of buying a nice house at a relatively cheap price compared to the northeast within a few years but obviously that is no longer reality. Homes that had zestimates in the $400-500k range in 2019 in my area are now listed for $750-1M+. And in order to get them you have to outbid a dozen other people including investors with all cash offers. + +On top of that, my rent was raised by 20% this year and even with the increase, my rent is still 20% below what other units with the same floorplan are listed for so I should probably expect another similar hike next year further reducing the amount of money I can save and invest. + +I recently got a promotion so I still feel fortunate to be saving 40% of my total gross income even with the price hikes but even though I should be the poster child of personal finance, I still feel overwhelmed and discouraged when looking at home listings and this isn’t even supposed to be a high cost of living area compared to NY or CA but now you’re paying for a house here what you would’ve paid for one in those HCOL when I moved for the reason of not having to pay those prices. +I have to be honest, watching the hit piece by Kenneth C Griffin, the Financial Terrorist today really made me sick. But he has a great point, in that if buying and holding shares in the US Financial System is enough to destroy teacher pension funds, then it truly is a broken system. + +Anyway, as part of my ongoing attempt to try and spread info outside of our subreddit, [here is my Tweet thread on the subject. I’ve obviously directed it to SEC, DOJ and YELLEN to try and reach a broad audience.](https://twitter.com/thebigbdub/status/1527473191647469569?s=21&t=j6Bbn7_meJIhsArlxPGJaw) + +Kenneth C Griffin, in my humble opinion, has committed Treason. He’s actively destroying US Citizens lives. +Hey Daytrading community! + +&#x200B; + +I've noticed (and love the fact) that so may people in daytrading specifically are caught on psychology and psychological hang ups. Even yesterday there was a write up on "the best strategy won't make your rich" and couldn't agree more. + +I did a recent write up on this very topic on something that loads of people miss when pursuing a real career in trading - simplification. + +&#x200B; + +I coached a couple guys and the issues were all the same, just as mine were (and still are sometimes): + +\- Overtrading + +\- No actual trading plan written down, with buy rules, sell rules and position size + +\- No respect for risk + +\- Amazing ability to risk to much + +People go super deep on these topics and rightly so but there are some pretty straight forward things that have helped me be consistent in my trading career: + + + +1. Limiting social media - this was a life changer not just in trading +2. Reducing Screening Criteria results (so more criteria but less selection) +3. Optimizing my Trading Workspace - the layouts and qualifying trades +4. Using a Checklist +5. Quarterly Trade Review + +I think the first part of getting more consistent is really treating this like a business. The amount of people deluded about what it takes "is too damn high" though. + +Everybody wants to make the money, nobody wants to accept it just takes HUGE personal responsibility and some years to get spot on. + +The full writeup is on my blog redpilltrades - nothing for sale, just fascinated about my own psychology, that of others and how trading is the greatest arena the world has to offer. Good luck on open! +So today we saw that Union Bank had confirmed to closing over 400 locations. This can be seen through the following post: [https://www.reddit.com/r/Superstonk/comments/mv6k4z/union\_bank\_confirms\_emergency\_closing\_of\_over\_400/](https://www.reddit.com/r/Superstonk/comments/mv6k4z/union_bank_confirms_emergency_closing_of_over_400/) + +The reason this is very fascinating to observe is because it reveals a much deeper image of their collapsing empire. How does it do that you ask? Well, if you look at the Parent company of Union Bank it turns out it is: **MUFG Bank.** + +From wikipedia: + +"In August 2008, Mitsubishi UFJ offered to buy the 35 percent of Union Bank it did not already own, which Union Bank accepted.[\[10\]](https://en.wikipedia.org/wiki/MUFG_Union_Bank#cite_note-10) On November 4, 2008, the Bank of Tokyo-Mitsubishi UFJ (BTMU), a wholly owned subsidiary of Mitsubishi UFJ Financial Group (MUFG), announced that BTMU had successfully acquired all of the outstanding shares of UnionBanCal Corporation.[\[11\]](https://en.wikipedia.org/wiki/MUFG_Union_Bank#cite_note-11) + +In 2014, MUFG integrated the U.S. operations of its subsidiary The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) with those of San Francisco–based Union Bank, N.A.[\[12\]](https://en.wikipedia.org/wiki/MUFG_Union_Bank#cite_note-MUFGAmericas-12) + +In April 2018, the Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) was renamed to MUFG Bank, Ltd.[\[12\]](https://en.wikipedia.org/wiki/MUFG_Union_Bank#cite_note-MUFGAmericas-12)" + +So now we go ahead and look at our dear MUFG Bank, and its holdings... and guess what we start to see: + +* [UnionBanCal Corporation](https://en.wikipedia.org/wiki/UnionBanCal_Corporation) (approx 63% in Feb 2005; 68% in 2004; 100% in 2008) +* [Chong Hing Bank](https://en.wikipedia.org/wiki/Chong_Hing_Bank) (9.66%) +* [**Morgan Stanley**](https://en.wikipedia.org/wiki/Morgan_Stanley) **(22.41%)**. On September 29, 2008, Mitsubishi UFJ Financial Group announced that it would acquire a shareholding in Morgan Stanley for US$9 billion. In the midst of the October 2008 stock market crash, concerns over the completion of the Mitsubishi deal caused a dramatic fall in Morgan Stanley's stock price to levels last seen in 1994. Morgan Stanley's share price recovered considerably after Mitsubishi UFJ closed the deal on October 14, 2008.[\[15\]](https://en.wikipedia.org/wiki/MUFG_Bank#cite_note-MS-TMSF-01-15)[\[16\]](https://en.wikipedia.org/wiki/MUFG_Bank#cite_note-MS-TMSF-02-16)[\[17\]](https://en.wikipedia.org/wiki/MUFG_Bank#cite_note-MS-TMSF-03-17)[\[18\]](https://en.wikipedia.org/wiki/MUFG_Bank#cite_note-MS-TMSF-04-18)[\[19\]](https://en.wikipedia.org/wiki/MUFG_Bank#cite_note-MS-TMSF-05-19) + * The payment from MUFG was supposed to be wired electronically; however, because it needed to be made on an emergency basis on [Columbus Day](https://en.wikipedia.org/wiki/Columbus_Day#United_States_observance) when banks were closed in the US, MUFG cut a US$9 billion physical check, the largest amount written via physical check at the time.[\[20\]](https://en.wikipedia.org/wiki/MUFG_Bank#cite_note-20)[\[21\]](https://en.wikipedia.org/wiki/MUFG_Bank#cite_note-21) The physical check was accepted by [Robert A. Kindler](https://en.wikipedia.org/wiki/Robert_A._Kindler), Global Head of Mergers and Acquisitions and Vice Chairman of Morgan Stanley, at the offices of [Wachtell Lipton](https://en.wikipedia.org/wiki/Wachtell,_Lipton,_Rosen_%26_Katz).[\[22\]](https://en.wikipedia.org/wiki/MUFG_Bank#cite_note-22) +* [Bank of Ayudhya](https://en.wikipedia.org/wiki/Bank_of_Ayudhya) (76.88% on January 5, 2015; 72% on December 19, 2013)[\[23\]](https://en.wikipedia.org/wiki/MUFG_Bank#cite_note-23) + +**Morgan Stanley** is a familiar name to all apes. First remember that Morgan Stanley had also: [https://www.reddit.com/r/Superstonk/comments/ms1bus/morgan\_stanley\_posts\_911\_mln\_loss\_tied\_to/](https://www.reddit.com/r/Superstonk/comments/ms1bus/morgan_stanley_posts_911_mln_loss_tied_to/) + +And most importantly let us not forget this wonderful source confirming ARCHEGOS CAPITAL WAS LIQUIDATED OUT OF SHORT POSITION IN SECOND LATE FEBRUARY $GME SHORT SQUEEZE: + +[https://twitter.com/Fxhedgers/status/1378574873866330116](https://twitter.com/Fxhedgers/status/1378574873866330116) + +The web is connected, and it has been never more clear to see through it. WE ARE ONLY STARTING TO SEE A GLIMPSE OF THIS CATASTROPHE UNFOLD. It is all collapsing and burning behind the scenes and there is BUT ONE ROCKET OUT OF THIS APOCALYPSE, THE ROCKET THAT THEY TRIED TO BRING DOWN SO HARD THEY ENDED UP DESTROYING THE WHOLE WORLD WITH IT. Remember, the majority of analysts, economists, financial advisors, money managers, and whoever the fuck else you think has credibility and ''experience'' in the market, actually are the equivalent of people who bet on sports. Sure based on research and experience you may know where to place your sports bet on a regular match, but THIS HERE IS NOT A REGULAR MATCH AND WE CAN CLEARLY SEE THIS IS LITERALLY ANOTHER 2008 IN THE MAKING... I KNOW YOU ANALYSTS DONT KNOW WHAT THE FUCK IS GOING ON BEHIND THE SCENES AND THINK THIS IS JUST ANOTHER STOCK PLAY... BUT REALLY IT IS NOT. SO STOP WITH THE ANALYSTS SAY THIS, ANALYSTS SAY THAT... 2008 FLEW OVER ALL THEIR HEADS, AND GUESS WHAT, THIS ONE IS GOING TO TOO. + + +Edit: Adding very interesting comment below from /u/[DeityofDeath](https://www.reddit.com/user/DeityofDeath/): + + "No clue if this is related but ex British PM David Cameron is currently being investigated for lobbying with Greensil capital. Greensil capital got liquidated out the same time as archegos capital got margin called. both were connected to credit Suisse and they are taking massive losses. +Ironic a scandal comes out of a collapsing british credit company. + +also, new proposed european football "mega" league from JP morgan gets the go ahead the weekend after JP Morgz do an incredible bond sell off, then the league gets cancelled tuesday right after they have made their money from the news hype. Seems like short shorts" +**Background** + +I'm 37 and just about to Fat FIRE after the sale of my business. I'm looking to set aside a year's worth of expenses into my checking account, then just put everything else into SPY and pull out enough to replenish my checking account (with a max of no more than 1% of my portfolio value) per quarter. + +I understand that historically, the s&p 500 has generated around \~7% year over year or so, so theoretically, this should let me live off of my portfolio in perpetuity. However, in detailing this all out, I was curious if I could do better than that in a safe way to create some extra space. + +**Bringing in some leverage** + +So, I was looking at introducing some leverage with some exposure to something like UPRO (which provides 3x daily leverage on the SPY). Now a run from 2009 to 2020 would've been insanely high if everything was in UPRO: + +[https://imgur.com/zgwbEcg](https://imgur.com/zgwbEcg) + +($100k buy and hold SPY vs UPRO 2009-2020) + +However this is in a bull market like we've seen over the last decade. If the market is in bear territory, the portfolio drops like a rock (note around 2009 when the portfolio drops from 1.2m down to $57k - more than 95% of the entire portfolio - ouch!!!) + +[https://imgur.com/KHL6yWR](https://imgur.com/KHL6yWR) + +($100k buy and hold SPY vs UPRO 1993-2020) + +I don't know about you, but that's WAY too much risk for me if I'm living off my portfolio. I'm leaving a year's worth of expenses in cash to live off of so that I won't have to sell and withdraw if I don't need to, but I feel like I would have a lot of sleepless nights in that situation. + +**An Idea** + +So, I was thinking to myself, is there a way you could just go match the market when it's down or sideways, but on the upside, use leverage to enhance the gains? + +To that end, I got the idea to test a strategy where I would hold everything in SPY. However, I would evaluate on a regular period and whenever a drop happened, I would match that drop by rebalancing some into UPRO. If I saw a 5% drop, I would take 5% of the current portfolio value and buy UPRO. If it dropped another 5%, I would take another 5% of the current portfolio value and buy UPRO. Then, whenever SPY got back to its peak, I would sell everything in UPRO and buy back SPY - taking the leverage off the table and waiting for the next drop. + +**Initial Backtest** + +I downloaded daily price data for SPY and UPRO and ran a simulation with that strategy and compared to just buying and holding SPY. The start amount was $100k and the rebalancing was done once per month. UPRO was created back in 2009, so the simulation starts 2009-07-01 and goes through 2020-10-16, but the results seem promising. + +[https://imgur.com/lPWiNWJ](https://imgur.com/lPWiNWJ) + +That $100k turns into $367k with a buy and hold strategy and a $473k with adding UPRO into the mix. + +* SPY Only: \~12.2% annual, compounded return +* Adding UPRO: \~14.7% annual, compounded return + +**Can We Do Better?** + +Next, I wondered if every 30 days was a proper amount of time to make adjustments or if was better to do it more frequently, so I ran it with a 7 day period - simply making an adjustment if needed once per week. + +[https://imgur.com/xN9532J](https://imgur.com/xN9532J) + +That went from $479k up to 571k! + +* Adding UPRO (7 day): \~16.7% annual, compounded return + +Encouraged by that result, I then ran a simulation that tested making adjustments every single trading day all the way up to once every 3 years to try and find the optimal timeframe. + +[https://imgur.com/2aZsimB](https://imgur.com/2aZsimB) + +As you can see, there's an advantage in rebalancing more often and once you get to where you're rebalancing more than once every 6 months or so, the benefit almost completely disappears. My first thought was if I'm retired, I'm not sure I want to have to "check in" on things every day, but even going from once per day to once per week is a huge difference: + +* Adding UPRO (7 day): $571k \~16.7% annual, compounded return +* Adding UPRO (1 day): $811k \~20.4% annual, compounded return + +Maybe it's worth it checking in for a few minutes each day? Or creating a script to do it or paying a broker? + +**Too Good to Be True?** + +Man, making 20% annually while only taking a max of 4% out seems a little too good to be true. My first thought was that I need to test this for a longer time period. It did well in a situation where the market dropped quickly and quickly recovered, but what about a period where the market lagged for an extended period of time. Would that just eat away the gains with exposure to something like UPRO? + +Unfortunately since UPRO has only been around since 2009, I had no way to directly test it. However, I could simulate it. Since UPRO is based on 3x the daily movement of SPY, I could get direct data for SPY all the way back to 1993 and then just simulate the price for UPRO based on the daily movement. In doing so, here are the results comparing the 1, 7, and 30 day adjustments to just buying and holding SPY + +[https://imgur.com/VcdT8GI](https://imgur.com/VcdT8GI) + +* SPY Only: $766k \~7.6% annual, compounded return +* Adding UPRO (1 day): $1,277k \~9.6% annual, compounded return +* Adding UPRO (7 day): $1,577k \~10.5% annual, compounded return +* Adding UPRO (30 day): $1,525k \~10.3% annual, compounded return + +Interesting, the daily doesn't produce the same kinds of returns. It makes more money in a market that is shooting up fast, but is also a bit volatile. 7 and 30 both seem to be pretty solid. When comparing the extra drawdown though, the 30 day seems to be the best choice. In the 2008 crash, the 30 day would've lose 74% of the portfolio value at the bottom versus the SPY at 57% (and a full UPRO portfolio at 95%), but it would've made double the return. + +**Where to Go From Here?** + +I wanted to throw this idea out there to get a discussion going on potential improvements to this idea so that I might be able to try and optimize things further. Or, is this a stupid idea to even look into? Let me know what you think. + +&#x200B; + +1. Is this kind of a strategy even worth pursuing? +2. What are the potential pitfalls to consider? +3. How can it be done better? +I got 6 or so emails back to back, one telling me a venmo account was made with my email, that a debit card was added to my account, that they bought bitcoin, sold bitcoin, and paid for piano lessons. + +I assumed this was a phish, but I saw no harm *going to venmo myself* **(eg outside the link)** and using my email. Sure enough, there was a password reset sent to my email when I tried to reset it. Now I am super confused. Is this somehow a scam? Did someone use my email by mistake? It has my name listed, but my email *is* my name. It is possible, however unlikely, though. + +And as I said, venmo isn't even in Canada. + +Edited to add: I get emails when my email is logged in I'm pretty sure, and I also checked my security @ google and I can see no unknown devices in my security panel. + +Edit: support is talking to me. Trying to find if my email was verified. + + +Edit: Okay, I fucking finally convinced them that it isn't me and they need to forward it to another team. Some people are invested so I'll update this as I get information. + +Edit: the account was disabled due to suspicious activities. +Rude awakening this morning! My phone buzzed because overdraft protection kicked in and woke me up! + +After getting the e-mail, I quickly got on my online banking and saw the transaction, confirmed with the wife that she had no idea what it was and called the bank. They're issuing a stop payment and sending the it over to "the claims department". I'm supposed to expect resolution in 10 business days. Until then, i'm out $3000. SUPER HELPFULLY though, however, the person that took my claim offered me a loan! THAT'S EXACTLY WHAT I NEED AFTER SOMEONE HAS JUST STOLEN $3000 FROM ME. They were surprised when I told them that was crazy... + +We try to do everything right; all of our day to day transactions are on a credit card, we never use the debit card for anything. This account is basically for bill pay only. + +So wtf? How did this happen? The banker confirmed that it was NOT a debit card transaction, so it wasn't the usual skimmer at the gas pump that did this (as an example, again, we never use debit cards for anything). How do I protect myself? Is there a bank that offers an account that will accept direct deposits and do bill pay ONLY? + +Does anyone have experience with this Venmo? How does it work? How could they have possibly used this service to steal money from me? + +This is insane... + +Appreciate any advice. + +EDIT: +Getting a lot of traction on this post so it's getting difficult to follow all the various threads within. Adding some details here to answer FAQs and a current status: + +- I bank through Wells Fargo (U.S) +- The transaction that posted to my account looks like this (I have no idea what SCORCH ONEOHNINE is, or any account ending in 1352): + VENMO-2 PAYMENT XXXXX1352 SCORCH ONEOHNINE +- I am currently in contact with Venmo support, the latest reply was from Miguel who indicated that they have found the charge, but that I need to contact my bank (so no help) +- I've just formatted my PC and changed all of my passwords again, so this PC is clean +- Wells Fargo does not have any easy to setup 2FA. They have an "advanced access" system that is supposed to send codes to your phone, but they said it "doesn't currently work". +- Wells Fargo also seems to have a hardware based (key fob kind of deal) RSA token generator for 2FA which I might pursue, but I want to wait and see how quickly they resolve this issue and give my money back before I decide if I want to spend $25 on this device and continue my relationship with them. +- I am very much open to switch to another bank/CU (i'm in Colorado) that has legitimate 2FA (using a phone app or something). + +EDIT 2: +- To answer all of the questions about the Venmo limits, I replied to Miguel again to ask whether they had my social security number. He assured me that they did not. + +The thief was able to bypass their maximum limits by LINKING A FACEBOOK ACCOUNT TO THEIR VENMO ACCOUNT. I just checked my Facebook account (which I very rarely use) and Venmo is definitely not listed under the authorized apps section. So whatever Facebook account they linked has nothing to do with me. + +I don't understand on what planet a Facebook account is enough to verify identity and authorize thieves to steal MORE money; but that's what happened in this case. + +Once again, I appreciate everyone's time and thoughts on this post. I'll continue reading/replying/updating. +Hi UKPF + +I've been approached by a competitor of my employer with a job offer. This job would be a 75% pay rise from my current role plus benefits. Hearing of this, my employer has told me they're going to enforce a "non-compete clause" stopping me working for the new company for 6 months after my notice period ends. + +I think it is worthwhile going for that job since its much more pay for the same role. How can I continue to bring in money for 6 months? + +I'm new to my personal finance journey so I don't have an emergency fund. However, my debts are low and I just need to pay the bills and mortgage. + +Edit: the clause was part of my original contract so I've already signed it when I started with the company + +Edit 2: there's almost 100 comments now. All your advice has given me a lot more confidence with this situation. Thank you! +I'm currently finding myself in a predicament because my relative just died and left me some of her belongings and money. I currently have no plans for it and dont know what to do with it besides keeping it somewhere or investing the money. I was left no instructions on what to do with it. + +In the lock box there are a couple of swiss watches from the 1920s, a silver pocket watch that dates 1918, a small pouch of coins from 1917-1922, and a jeweled necklace. I'm currently 19 and I was think of selling them and combining the money to begin investing. + +My heart tells me to keep it in an area and wait for all the items to be at or over 100 years old as my relative would've probably recommended, but the items if sold might give me a boost in investing. + +Any ideas? + Hello fellow Redditors, my mom and I are very inexperienced when it comes to investing money and my mom is freaking out right now so I thought I'd jump on here and see if anyone can help. + +Before my mom met her 2nd husband, she didn't know what Edward Jones or an IRA was (me either tbh). She was absolutely amazed at how much his money just kept growing and growing. But since he passed away nearly 2 years ago, that account has lost more than 100k. + +My mom has 2 accounts. The 2nd account started at 100k. She has been losing 10k steadily so in May she went to see her guy at Edward Jones. He assured her that everything is just fine. He said it always goes down every few years but then it comes back up. He advised her not to look at her statements until September because it would go down a little more before it goes back up and he didn't want to stress her out. He made this projection that when she is 75 (she's 63 now) that she would have 375k total in both accounts.  + +RIght now the only income she has is her deceased husband's social security aside from these two investment accounts. This is the only money she has and she needs it to survive on. She is very smart and responsible with her money so she is really freaking out that it keeps going lower instead of getting better. + +September comes around and she lost money again .The first account started at $320k and it's down to $230k. Her second account started at 100k and is now down to 50k. Thats $120k lost! Her advisor tells her she needs to just ride it out, this happens every few years, this is where people screw up and take their money out too early but if she just rides it out, he projects 375k in her accounts in 12 years.  + +So my mom is very worried. How far does she let the smaller account go down before she takes that money and puts it in the bank. And the larger account, should she wait it out like he says or should she pull her money? + +Sorry for the long post and I appreciate any advice you might want to give us. + +Thanks! +I use TDA/Tasty/Fidelity for my main brokerages. Each one serves a purpose, and I opened them after switching from RH. + +Beginning of December, I realized I still had like $200 on RH. Made some risky Spy trades thinking I would lose it, and it turned into $1100. + +On December 14th, AMC dropped to like $20-$21, and I always wanted to try a PMCC. I bought a March 2022 $15 call for $1025. It’s worth right around $1700 now and has .91-.92 delta. + +I do not like this company, and I do not like the CEO. I don’t think they have value long term, but couldn’t pass on buying at the lowest price since May, with the chance it randomly blows up for no reason. I want to sell the call, but it has legit gained value every single day that I’ve owned it. + +Would it be better to go ahead and sell the call, or sell weekly covered calls against it hoping I get assigned? + +If covered calls is the way to go, should I stick to the .30 delta rule, or just sell a couple dollars out of the money? +Whenever I watch the news, they use the Dow 30 as "the market". For example, they would say the market is down a certain amount of points when only the Dow is. + +And now apparently with Apple's stock split, there will be less weight of Apple in the Dow? So less Apple (probably their best performer). This makes no sense to me, but apparently that's how the Dow works. + +I don't know anybody personally who invests in ETFs/Indexes that track the Dow. But they do get decent volume. + +To me, I feel the Dow is like my grand dad's stocks. There are some good names, but it's mostly old names. I usually only use it as a reference to see how the old American companies are doing. + +Lot of them pay good dividends. So I will give them that. And it's only 30 stocks and I think all of them will still be around 50 years from now. +A lot of people seem to be fleeing (or thinking of fleeing) the city centres right now. + +This is understandable and for a lot of us this is do-able if we continue to WfH each day. But I've already been told I'll be coming back into the office when lockdown ends (on a 3 in 2 out basis). + +What about everyone else? I know tech companies are very open to most of their employees never coming in again but surely that's not possible in most industries. Permanent WfH also opens up the question...if the job doesn't require physical presence, why can't/won't your employer hire someone from overseas instead who they can pay less? + +Is this kind of like the gig economy in that it initially gives employees a lot more freedom...but then eventually leads to them being exploited in the end? + +What do you think and what is your arrangement? +Why does the Loopring/GME partnership mean so much more than you think? Let’s dive in and see. + +For as long as I can remember Loopring has been talking about being your own bank. + +&#x200B; + +[Loopring, like all the time....](https://preview.redd.it/llyg80sakdi81.png?width=778&format=png&auto=webp&s=41d83cbfb60089c19c5f4123c8f37fa269ea49bb) + +Decentralized finance is way more interesting than just holding your money in a coin in a loopring account. Banks make money. A whole lot of money. And they do this by screwing you (their customer) at every opportunity they have. Between financing fees, overdraft fees, account management fees, origination fees…..there are a lot of fees. What does decentralized financing do? Well, it takes all of those fees and pays them directly to you. + +In decentralized financing there is no market maker that books orders when you buy or sell something. In the current “market” Citadel and their friends “make” markets by selling you your favorite stock (GME of course) even if they can’t find a share. They promise to buy one later to fulfill this order. This is all done under the auspice of “maintaining market liquidity.” So you want to buy a share right now and they will “make” that share for you. Essentially they are matching the buyer and the seller as the middle man, and obviously taking any difference they can make for themselves. Example: Trader A wants to buy GME at $130,000,000 a share, Trader B is willing to sell for $129,000,000 a share the market maker can match trader A and trader B and profit $!,000,000. This is a simplification of exactly how it works but will suffice for this comparison. + +Decentralized finance doesn’t have market makers. They have an automated market maker. This uses the underlying protocol that use “smart contract” i.e. self-executing computer programs to define the price of digital assets and provide liquidity. Unlike traditional systems where only high-net worth individuals can reap the rewards of being a “liquidity provider” in decentralized finance, anyone with an asset can reap the rewards of being a liquidity provider or “staking” your asset to a liquidity pool. Ex. Trader A wants to trade some ETH for LRC the trade is executed by the smart contract and the “fees” go back to the liquidity pool and are distributed back to the “liquidity providers”. This is essentially cutting the middle man out of this process and you get what they would have gotten for “making” (frontrunning) the market. + +So now that we know how it works, let’s put our little tinfoil hats on and do some think about how we could literally be our own banks…. + +&#x200B; + +[My Tinfoil hat happens to be red. Does it look familiar?](https://preview.redd.it/bwx7z7egkdi81.png?width=896&format=png&auto=webp&s=fe079f04357c948aba367cf9259135dccee8e8ca) + +We talked about all these fees that your bank charges you. The most impressive is really the financing fees (interest). They make a lot by pooling everyone’s “money”, giving you a “marker” in your account that says it is still all there and then re-bundling this money and loaning it out to other people who need money to say buy a house, buy a car, go to college etc. Bank of America loan balance grew 6% in 2021 up to $979 BILLION. So lets say all of those loans are at 5% interest, that is almost $49 billion per year in profit to BoA. And that is just one bank! The money is crazy. So they can use “YOUR” assets for them to make money. Did you get any of that interest deposited back in your account for providing their “liquidity?” I know I didn’t. Sounds real nice. + +So now let’s look at your TD Ameritrade account. You deposit say $100,000 in your fidelity account. You then log on and promptly buy as many shares of GME that you can. They take your $100,000 give you a “marker” in your account for say 1,000 shares of GME (we promise, it’s all there). They then take your $100,000 and use it however they want. They can buy shares, they can buy 10 calls, they can hedge how they want. All they know and you know is they owe you the shares if you decide to sell (or obvi DRS). This is why there have been some discrepancies in the cost basis for some people choosing to DRS their shares from shady brokerages. They never bought the shares. + +Now let’s say for instance that rather than buying Apple shares on a market that is “made” by a market maker who “provides liquidity” i.e. fake shares that they promise to buy back later, you bought these on a market that was run by a self-executing computer program that matched buyers and sellers and the fees were passed back to the liquidity pools. Trader A wants to buy a share, the program goes to the liquidity pool to find one and sells it to trader A. The fees go back to the liquidity pool. Trader B wants to sell a share, it gets sold to the liquidity pool and the fees go to the pool. No middleman. No market maker. Be your own bank. + +Now let’s say for instance rather than parking your assets in a Bank of America account you have them in your LRC layer 2 wallet. And let’s also say you want to buy a house. Well why don’t you just leave your assets parked there. We see you are good for that amount. This qualifies as your 20% down. There is a liquidity pool of people that are willing to stake loans for people with your credit score and income statement for 4% back on their LRC that was just sitting in their accounts anyways. Now you have three things. Your assets continue to work for you, you get your loan, and the “liquidity pool” gets their 4% guaranteed. Sure some of these loans will default, but if you do we will liquidate your assets, write the debt down and contact our insurance company for the remainder. No middleman. No market maker. Be your own bank. + +Now let’s say that you have 3 shares of GME, worth $147,691,741. Don’t sell them and pay the tax on the sale. Stake them. Borrow against them. Buy whatever you want, pay the fees to the real liquidity providers (the stakers). If someone would need to buy say 1 share (to close a short position) and you were willing to sell then you could choose to do so on a safe, reliable smart-contract while getting fair price for it. No middlemen. No scalping. No spoofing. No PFOF. No naked shorting to drive the value of your shares down. Be your own bank. + +TLDR: GME and Loopring aren’t talking about being your own savings account. They are literally talking about moving the middlemen out and paying you for the money that is already used as liquidity in any and every way possible. Be your own bank, and reap the rewards that the banks reap on your back and pay you nothing for already. + +The GMErica future is wild and it is empowering to the players. The status quo will do everything to protect themselves from you getting a fair shake. Invest in your future with GME and LRC. Be your own bank. Banks make bank btw….. +Question that may have been asked already, but next May my mortgage comes up for renewal, my TFSA is passed my mortgage. 220 months left on mortgage, my TFSA could pay that off. Pay off mortgage or stay the course? +So I have credit loan, remaining amount to pay is 37000 over 3 years, monthly payment is 1200, interest is 7%. +I also have 7000 in cash and can set aside additional 400 per month. +My question is is it better to put that 7k into loan to shorten it or invest in ETF and keep investing 400 per month? +The government is looking at the possibility of introducing a tax on those withdrawing ₹10 lakh in cash a year as it seeks to discourage the use of paper currency, crack down on black money and promote use of digital payments for all manner of transactions. + +Government sources told *TOI* that another proposal under consideration is mandating Aadhaar authentication for all high-value cash withdrawals, which it believes will make it easy to track individuals and tally tax returns. In doing this, the government will go beyond just seeking the unique identification number, as is the case with deposits of over ₹50,000 where PAN is given. + +Back in office, the Modi government is set to take up the next stage of action against tax evasion and money laundering with data analysis helping detect thousands of overstated goods and services tax (GST) claims that don’t match up with income tax returns. Action against these entities, which might be the first layer of suspicious transactions, is being launched with notices being sent out. + +[*ToI*](http://timesofindia.indiatimes.com/articleshow/69718027.cms) +Today, I got a mail from Kotak that after 30 txns per month subsequent transactions will be charged at 2.5rs or 5 rs depending upon the amount. I personally would not be much affected by this. But I think that free days of free UPI Transfer is coming to a close and other bank would follow suit. + +Interested to hear what your opinions are. + +EDIT: +Screenshot: http://imgur.com/gallery/sc9a47k +I am only in high-school but I'm looking for career paths. I have always been interested in programming and finance. I am gonna major in CS and physics to become a software engineer. I have heard that quantitative finance is pretty lucrative if you can get good at it. Is it realistic to make a living wage doing this? The only experience I have had with finance is trading a few blue chip stocks. I have never made a huge profit or anything. +I see a lot of people who have poured their hard earned money into something that they havent bothered to research at all and it is hilarious and sad. + +People spout about which coin is hot. AAVE, COMP, ETH...is defi hot? Are nfts hot??? + +So here we have Biden suggesting a cap gains increase and everyone panic sells and rants about missing Trump. + +Do you realize how dumb you sound? Do you even realize that you are literally investing in the very solution to that problem? Did you even know what DeFi stands for or was it just a picture of a unicorn that got your attention? + +Defi stands for DECENTRALIZED FINANCE. It means you have a bank, a lender, etc without a middleman. Bankless! And there are CeFi platforms as well that make it even easier! + +What do these platforms do, you ask? (Since apparently none of you even bother to understand what you buy. You just cry and scream at the sky when number go down) + +Well, one thing you can do with lending platforms is use your crypto as collateral to take out loans against your crypto! + +and guess what the BEST part is... + +...wait for it... + +IT ISNT A TAXABLE EVENT. + +Yes. Let me repeat this again. You can have a bIg ole pile of crypto earning rewards and you can take out cash whenever you want and you dont pay taxes on it! And its lower fees than a bank and with defi even lower! Thats literally what you have been investing in the entire time you dolts!! + +It isnt called defi for no reason. Its DECENTRALIZED FINANCE! You can take out loans, earn interest, lend money across the planet. Biden cant touch it if you dont sell it. + +But if everyone PANIC SELLS than that fucks it up for everyone and for the people the angriest at Biden IT FUCKS IT UP FOR YOU THE MOST! + +This isnt wall street bets. This isnt a couch you are buying to flip. The goal is to stack crypto and take out loans against it (which is not a taxable event) or to escape your country’s shitty and predatory banking system! Thats why we are all here! Its literally what the fucking sub is named. Look up in the top corner of your screen. It says CryptoCurrency! Read thag again a few more times. + +You arent hurting Biden by panic selling, you clowns! You are shooting yourself in the foot. + +Go watch some videos and educate yourself on taxes in crypto and how to avoid them. You can start a crypto IRA. You can simply stack on celsius/nexo/blockfi and take out low interest loans. + +ITS SURREAL TO WATCH THIS! + +Its like watching people investing in canoes and freaking out because their street is flooded and they are like “Well what the fuck are we supposed to do with all these canoes now?!!!” + +This is like an IQ test that America failed. Its really sad to watch. + +*Edit # 1: For the people saying I am being patronizing and angry. That was the point of the post! Look at all the learning going on in the comments. People are discovering research/google/youtube/websites that explain everything for the first time. Its like watching a caged bird fly! Im tearing up over here! 🥂🦅🕊🕊🕊🕊 + +*Edit # 2: This post wasnt made to claim that you will never pay taxes on any of your crypto profits. You absolutely will. (If you live in America) Staking rewards are taxed as well as things like Coinbase Earn but i I dont think you need to be worried about Biden’s tax proposal on your Coinbase Earn rewards you big whale you!! I figured this was self explanatory but apparently not. + +*Edit # 3: Im not suggesting people take out high risk loans on their crypto to buy a pet ferret. Please learn to read! + +*Edit # 4: Cefi loans are not taxable events. Defi loans can be. Thank you for people pointing this out. I am humbled. + +*Edit #5: No this isnt me, but he breaks down some crypto lending options. Not financial advice** + +https://youtu.be/aKpxUdwz3g0 +I'm a long term hodler and in January 2020 I started a non-tax exempt brokerage account in my daughter's name to start saving for college. I did this as opposed to a 529 so I could buy GBTC since I thought it would more than offset the tax benefit. In less than 14 months I was able to save enough to pay for 4 years of tuition at a private university because of the dramatic rise in Bitcoin's price. My assumption is that I will get a 9% average return from now until she goes to college and that the cost of tuition will rise at 3%. I obviously still need to deal with paying taxes and want to build a buffer, but it is a nice milestone to hit. +I will be quitting my job on August 5, 2019. I decided that about 6 months ago. After I made the decision, I lost motivation to try hard at work. I knew I would never get promoted or a bonus or raise ever again. So I started showing up late, I only responded to the most important emails, I tried to get out of meetings, I put in minimal effort. My job is in IT. + +My bosses noticed my lack of effort and "attitude problem." So now I have to attend about 3 extra meetings per week, and they painfully go over every detail of my day/week and make sure I am on task completing assignments. Which makes me dread going to work even more. So the cycle repeats itself and I get into even more trouble. No, I wont get fired. + +So I don't recommend slacking off in your final year on the job. You will just make things worse for yourself. +# Introduction: + +Good morning everyone. It is apparent that JNJ is going to win the poll (on r/dividends), so here is the post as promised. The poll still has a little time, an analysis will be done for whichever stock is in 2nd place, and last place. Additionally I am considering grabbing one from the comments. + +Anyways, Since this is a more in-depth look at the stock we will be answering the same questions again. + +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? +4. Is there strong cash flow? + +Let's start by taking a look at the business model and moat. + +# JNJ - Johnson & Johnson: + +Johnson & Johnson is classified as a Dividend King, they have paid dividend continuously since 1963 and increased for 58 consecutive years. + +Johnson & Johnson is the world’s largest and most diverse healthcare company. Three divisions make up the firm: + +* pharmaceutical, +* medical devices and diagnostics, +* consumer good/discretionary + +The pharmaceutical and medical devices account for \~80% of sales and generates most of the cash flow. The drug division focuses on the following therapeutic areas: + +* immunology, +* oncology, +* neurology, +* pulmonary, +* cardiology, +* metabolic diseases. + +The device segment focuses on surgery tools, orthopedics, vision care, and a few others. The last segment of consumer focuses on baby care, beauty, oral care, over-the-counter drugs, and women’s health. + +**Strengths:** + +>\- Johnson & Johnson is one of the well known and trusted brands in the world. It it one of the most consistent earnings growers. +> +>\- Their 3 healthcare segments provide unequaled diversity of quality products for the healthcare industry. +> +>\- Developed nations have populations whose average age is increasing rapidly. Older people consume, on average, 7 times as much healthcare services and products as younger people. In addition, the growing global middle-class will be consuming an increasing amounts of healthcare. This will further increase their sales. +> +>\- The company is more resistant to competitors due to its established distribution network and sales. + +**Risks:** + +>\- Litigation surrounding several J&J products have the potential to blemish the company’s reputation and cost billions of dollars. There is currently an ongoing talcum powder lawsuit. +> +>\- They are subject to more broad threats to the privatized healthcare industry, to include: increased regulation/scrutiny from consumers and government, plans for more government run healthcare, and increased risk of higher lawsuit costs. There are plenty of other threats to the healthcare industry as a whole, however JNJ is more resistant to the institution of gov't funded healthcare since they provide so many products. However there is always the threat of decreased profit margins as regulations call for price fixing. +> +>(NOTE: This is not an endorsement for or against either Government Funded/Privatized Healthcare, this is simply mentioning a potential risk to the company due to a changing environment, nothing more) + +# Financial History: + +One thing that is really nice about Johnson and Johnson is their company financial performance sheets give 10 years of history, most of the time companies will just do 3, or 5 years, so they are definitely not trying to hide anything, and as we will see below, they have no reason to. + +|Year|Revenue|EBITDA|Debt|Debt / Earning| +|:-|:-|:-|:-|:-| +|2011|$65,030|$19,389|$14,179|0.7| +|2013|$71,312|$23,161|$15,123|0.7| +|2015|$70,074|$22,116|$15,200|0.7| +|2017|$76,450|$24,539|$32,183|1.3| +|2019|$82,059|$28,079|$28,579|1.0| + +The revenue has increased an average of 3% average, the earnings has increased faster than the top line revenue at 4.7% average, and they are very under-leveraged when it comes to debt, especially compared to some recent companies we have seen (IBM, KO, PEP). + +|Year|Cash Flow from Operations|Capital Expenditures|FCF/E Ratio| +|:-|:-|:-|:-| +|2011|14,298|2,893|15,859| +|2015|19,569|3,463|16,113| +|2019|23,416|3,498|17,098| + +Increases straight across the board. CFO has increased 6% average, their CAPEX has increased by an average of 2%, but regardless their Free Cash Flow to Equity ratio is increasing despite them putting more money back into the company. They have been using some of their additional cash flow to pay down debt, the debt payment for 2019 was $2.82 Billion. Dividend Payments accounted for \~$10 Billion, and with some of the remaining the company bought back shares. + +So ... + +1. Is there revenue growth? - Yes +2. Is there earnings growth? - Yes +3. Is the company really leveraged? - Very low debt +4. Is there strong cash flow? - Yes + +# Some other numbers: + +NOTE: Current for November 2020 and very likely to change. + +|Current Annual Payout / Share|$4.04| +|:-|:-| +|Yield|2.76%| +|10 Yr Div Growth Rate|6.9%| +|3 Yr Div Growth Rate|6.0%| +|1 Yr Div Growth Rate|5.9%| +|Current EPS Payout Ratio|64.64%| + +From a dividend growth standpoint, this would potentially be a great portfolio inclusion. With many companies the 1/3 year dividend growth has been decreasing, JNJ has been maintaining and they have strong prospects of increasing the dividend growth rate again. + +Let's project what the Annual Dividend Payout could be using a 6% constant growth rate. (NOTE: Just an estimate, not a guarantee of what could happen) + +|Year|2021|2022|2023|2024|2025| +|:-|:-|:-|:-|:-|:-| +|Payout|$4.28|$4.53|$4.81|$5.10|$5.40| + +Delicious. + +# Final Thoughts: + +From a financial perspective, JNJ is incredibly healthy, they have increasing revenue, earnings, low-debt, and high cash flow. Additionally, they responsibly uses their cash flow to pay down debt, pay their shareholders, and buy back shares. Furthermore, the dividend history and growth is very consistent. + +There are definitely some risks to consider, the company does face lawsuits often enough and the details/payouts for those were not discussed here. Additionally the health care sector is more subject to a changing environment due to the expansion/introduction/rollback of regulations and expansion of public healthcare options. Take this into consideration. + +I hope everyone found this post interesting, please supplement this with your own research. + +As always, thanks for reading, and have a good day/night! + +EDIT: For those than cannot find the poll and are interested, [It can be found here.](https://www.reddit.com/r/dividends/comments/jxs9uy/which_of_the_following_would_you_like_to_see_a/?utm_source=share&utm_medium=web2x&context=3) +Of course I eagerly await the day I can quit my job and start really living after MOASS. + +But we were going to settle for so much less at the beginning of the year. The longer this goes on, the higher the floor goes, it almost actually makes me more willing to wait even longer for it because it’ll be worth so much more as time goes on. While I do think we’re approaching it sooner rather than later, it doesn’t matter. + +X ape here (close to xx but not quite). Haven’t had money to buy more the last couple months so I’ve just been HODLING but I can keep HODLING as long as I need to see this through. +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! + +So I won an auction on a house that needed extensive repairs. Apparently the neighbors were shooting off fireworks and burned the house down... I still haven’t settled on the auction. Has this happened to anyone out there in reddit land? I am certainly going to try to get my nonrefundable deposit back. If that happens or not I am certainly not taking possession of a burned down house when I bought one still standing. + +Edit: In New York State. +I have a tenant in my property. I've owned this house for 8 years. In those years I've usually charged a competitive rent for the area it is in. At the moment, I have a tenant who pays about $300-400 below market value. She's been there for over a year. Always pays on time, whenever I have to do maintenance, the house is very well taken care of; the best it's ever been with renters. She is very patient when waiting for fixes (it's a 200 year old house). The cash flow breaks even, (expenses for the property equal rent). Would you keep the tenant, or raise rent, knowing it will probably drive her out? +This is old news from August but I couldn't find where it had been posted here before. Just saw the article today looking for something else. I thought it was interesting: + +[https://www.mashvisor.com/blog/airbnb-action-against-guest/](https://www.mashvisor.com/blog/airbnb-action-against-guest/) +https://www.newyorkfed.org/microeconomics/hhdc.html + +https://www.newyorkfed.org/medialibrary/interactives/householdcredit/data/pdf/HHDC_2020Q2.pdf + +*Credit card balances fell sharply, marking the steepest decline on record* + +NEW YORK – The Federal Reserve Bank of New York’s Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit, which shows that total household debt decreased by $34 billion (0.2%) to $14.27 trillion in second quarter of 2020. This marks the first decline since the second quarter of 2014 and is the largest decline since the second quarter of 2013. The Report is based on data from the New York Fed’s Consumer Credit Panel, a nationally representative sample of individual- and household-level debt and credit records drawn from anonymized Equifax credit data. This latest report reflects consumer credit data as of June 30, 2020. +Mortgage balances—the largest component of household debt—rose by $63 billion in the second quarter to $9.78 trillion. Mortgage originations, which include mortgage refinances, reached $846 billion, the highest volume seen since the refinance boom in 2013. Origination credit scores for mortgages increased notably in the second quarter of 2020. + +Reflecting the sharp decline in overall consumer spending due to the COVID-19 pandemic and related social distancing orders, credit card balances fell sharply by $76 billion in the second quarter. This was the steepest decline in card balances seen in the history of the data. Auto and student loan balances were roughly flat in the second quarter. In total, non-housing balances (including credit card, auto loan, student loan, and other debts) saw the largest drop in the history of this report, with an $86 billion decline. + +Aggregate delinquency rates dropped markedly in the second quarter, reflecting increased uptake of forbearances, which were provided by the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Note that accounts in forbearance are typically marked as current on consumer credit reports. The share of mortgages in early delinquency that transitioned ‘to current’ rose to 61.1%, while there was a decline in the share of mortgages in early delinquency whose status worsened during Q2 2020. Like mortgages, credit cards, student and auto loans also showed lower transition rates into delinquency, likely reflecting the impact of government stimulus programs and various forbearance options for troubled borrowers. Approximately 7.0% of aggregate student debt was 90+ days delinquent or in default in Q2 2020 as compared to 10.8 % in Q1 2020. The sharp decline in student debt delinquency reflects a Department of Education decision to automatically qualify all federal student loans for CARES Act forbearances and report their status as current. + +“Protections afforded to American consumers through the CARES Act have prevented large-scale delinquency from appearing on credit reports and damaging future credit access” said Joelle Scally, Administrator of the Center for Microeconomic Data at the New York Fed. “However, these temporary relief measures may also mask the very real financial challenges that Americans may be experiencing as a result of the COVID-19 pandemic and the subsequent economic slowdown.” + +The New York Fed also issued an accompanying [Liberty Street Economics blog post](https://libertystreeteconomics.newyorkfed.org/2020/08/a-monthly-peek-into-americans-credit-during-the-covid-19-pandemic.html) that examined key developments on consumer balance sheets, at a monthly frequency, in the period since the COVID-19 pandemic began. + +The Report includes a one-page summary of key takeaways and their supporting data points. Overarching trends from the Report’s summary include: + +**Housing Debt** + +• Approximately 0.5% of current mortgage balances became delinquent in Q2 2020, as many borrowers enrolled in forbearance programs. + +• Approximately 24,000 individuals had a new foreclosure notation added to their credit reports between April 1 and June 30. This is the lowest level seen since the beginning of the report in 1999. + +**Student Debt** + +• Outstanding student debt stood at $1.54 trillion in the second quarter, roughly flat with the previous quarter. + +• Approximately 7.0% of aggregate student debt was 90+ days delinquent or in default in Q2 2020.[1] The sharp decline in student debt delinquency reflects a Department of Education decision to report current status on loans eligible for CARES forbearances. + +**Account Closings, Bankruptcy Notations and Credit Inquiries** + +• The number of credit inquiries within the past six months – an indicator of consumer credit demand – was at 127 million, a small decline from the previous quarter. A change in the treatment of inquiries for utility accounts may have also contributed to the decline. + +• Account openings declined by 15 million accounts to 203 million, the largest drop in the history of the series. Account closings ticked up slightly, with 210 million accounts closed within the past 12 months. +Recently I have been looking at buying a dirt bike on the used market, and have been surprised I am not the only one, demand is sky high, dealers are sold out of new bikes, and the used market as a result is massively over-inflated with even 20 year old bikes selling for thousands more than they normally would. + + +No one in the dirt bike community really understands why this is going on. The most common theory is it's due to people cashing out super to spend on bikes, or another one I heard today is since people are not spending on trips to bali they are buying dirt bikes instead. + + +I'm sure this isn't the only little sector of the economy experiencing this though and I would be surprised if there isn't someone out there who understands what's happening. + + +Have you guys noticed anything similar in other parts of the economy? Does anyone have good theories as to what drives this? And when can we expect things to return to normal? +I currently make $18.50 (company A)and a company reached out to me that pays $23.50 (company B). I am currently on 8 week maternity leave with company A and have to return to work the last week in September. I have been working with company A almost 2 years it's M- F 8:00 a.m- 4:30 pm. Both are remote jobs and good companies to work for. Are there any moms that have switched jobs shortly after maternity leave. + +I have 10 classes left and taking 3 this semester. I work 40 hrs with the current schedule when I return to work. Would you stay put until you finish the last of your college courses? + + +Just trying to increase my income and gain experience non tradition student. I have a 16 year old and an 18 day old baby. +I will be the first to admit that I don't know anything about investing for retirement accounts or anything like that. Most of what they said about investing in mutual funds and retirement accounts sounded good, but the one thing that stuck out to me is that they said the account just "comes" with disability insurance. + +They acted like they were being transparent and told me that they get a small kickback from the disability insurance company for signing me up that is how they get there first payment for their services. The rest of the money they make from me is whenever they are actively managing -- that is, moving my money around and buying stocks, etc... + +Is this legit? +He warned them. He gave them advance notice. Quite the gentleman, if you ask me. Allegory after allegory, myth after myth, we are told that pride goeth before destruction. They were too blinded by ego to admit defeat, or just fell back on old habit waiting to be bailed out, whatever the reason - remember the Tweet DFV sent. "I am not trapped in here with you, you're trapped in here *with me*" + +Hedgie controls the room, but apes control the exits. + +You have front row seats for what's coming, apes. Do you feel the air getting sucked out of the room? Something wicked this way comes. + +And it didn't take an elected official. It didn't take a celebrity. It didn't take anything but faith in the most brilliantly written DDs in history. That free course in economics given freely by some of the best teachers I've ever seen. They came forward and answered a call to educate their brothers and sisters. It took that, and it took those hands of yours made of the finest cut diamond. It took your conviction in the face of years of psychological warfare and being gaslit. Way to stand your ground. Guess what? You were fucking right. + +"Never doubt that a small group of thoughtful committed citizens can change the world: Indeed it's the only thing that ever has." (Margaret Mead) + +The CEO of Loopring (who stands beside RC, an engineer in his own right of this glorious victory) Tweeted it best, several months ago. How short apes memories are. The man spoke directly to you. + +"FOR TEN LONG YEARS, A SWORD I WHETTED, +ITS FROSTY BLADE, AS YET, UNTRIED. TODAY, I HOLD IT UNSHEATHED BEFORE YOU; OF YOU, *TO WHOM WAS JUSTICE DENIED?*" +That is basically all. + +Nothing really left to add. Except some GME-shares.. + +The DD is solid. + +6%-dip? I don’t care. Buy & Hodl. + +MSM? I cant read. + +Good news? Buy. Bad news? Buy. Sideways? Buy as well. + +I really just like the stock and am grateful to have fun with the community while waiting. + +Cheers. + +🚀🚀🚀 +My dad purchased a two wheeler via a two wheeler loan. But we want to change the bank account since the minimum balance for maintaining the account is very high (10k INR). Is it possible to change bank accounts while we still pay the EMI? Or I have no other option but to stick to the current bank until the loan gets paid? +Hi, throwaway. + +I got a loan out just before the pandemic. + +Due to a number of circumstances my life is totally fu*ked.. + +I don't have any life plans, and don't feel like trying anymore. I have nothing left, no work, no money, no friends. I'm 29 btw. + + +Needless to say I attempted suicide 5 months ago. Sadly failed and woke up 2 days later. + + + +The loan company keep calling every single day. I don't even pick up. However have paid my monthly installments every month up until now. + +Now I have no money left. Should I just tell them it's over? It's not a huge amount, but I don't know how much longer I'll be here. + +I heard a default goes down on your credit, how bad is it? +This post is specially for newcomers, which have not lived the situation I explain below. I don't want you to become weak hands and regret later. + +I will try to summarize how posts typically flow: + +- Since last ETH bull run started, bears are in their caves hibernating... +- Nearly every post talks about how good is Ethereum as technology (and it is) or is talking about mooning and lambos (and i'm fine with that) +- But basically a drop in price will trigger the waking of bears and suddenly, and I mean it is matter of a few days, the mood here will be bearish as hell. + +I wont go into if ETH should moon or should go to sub-XXX$ but **be warned. This has ALWAYS happened. If you believe in Ethereum, you should remember current times and posts when the dark days come**. + +And if you are new here, you may think i am exaggerating, I am not. You will need to have steel balls to not sell like in summer when we lost -50% of our value in $ rapidly. **Always remember that this is cyclic, good ol' times will come because technology and developers behind ethereum are by far the best at this moment.** + +Let's be careful out there... ;-) +⚡️MOONSTORM⚡️ The Next Easy 100x-1000x GEM ! Almost 16000 Holders In Less Then Four Days and Growing FAST! + + +MOONSTORM almost 16000 holders in under 4 days! + +$MOONSTORM - New coin starting another game +huge run-up, going to pump insanely hard! Video endorsement by multiple youtubers! YouTuber, more marketing lined-up. Don't miss out! Did 1000x already since launch! Amazing devs, team, and TG. If you missed out on safemoon no need to worry about it!MOONSTORM has your back! + +YOUTUBER ENDORSEMENT: https://www.youtube.com/watch?v=UVv2aTrwiHI + + +MOONSTORM VERIFIED LINKS +—————————— +Telegramm on WEBSITE!!! +(WEBSITE VERSION TWO COMING OUT WITHIN THE NEXT TWO DAYS!) + +- https://www.moonstorm.xyz/ + +- https://moonstormbsc.medium.com/moonstorm-day-1-informational-9bfa880f41c + +- https://twitter.com/moonstormbsc + +- https://www.bscscan.com/address/0xbBeA1AC815E5402DF5Ee9c80A93FC3e72119469D + +- https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xbBeA1AC815E5402DF5Ee9c80A93FC3e72119469D + +- https://gist.github.com/moonstormbsc/dfd260b6bbea258a637b45ec87d044ca + +- https://bscscan.com/tx/0xb6bc5735f756d6dde26f3744abf91ecb5e5c3c7e44142bf1bf8367a90f6dfd2b + +Ownership Renounced: https://bscscan.com/tx/0xb4f97d9217498f7eb64f7f6ccbd36fef7828ed950f394e92c9b23692321e9764 + +Locked LP: https://bscscan.com/token/0xDE97D96d5fA5776341E695dEBf9f76FA437c9b77#balances and https://dxsale.app/app/pages/dxlockview?id=1300&add=0&type=lpdefi&chain=BSC + +⚡️COME AND JUMP IN EARLY BEFORE THIS ROCKET TAKES OFF!⚡️ + +EDIT: +Website: https://moonstorm.io +Looking for some advice on a matter that I've been researching a lot lately. A 61 year old that made some poor judgments throughout life (low paying jobs, etc), and has nothing going towards retirement. I have a small (self employed) job that keeps me fed and housed quite easily, but because of some health issues, can only work so many hours a week therefore can't put away a ton of money. I live comfortably; a little low to the ground, but content and not at all hungry. No bill collectors. I'm happy with where I am now but concerned about upcoming retirement money issues. And . . Do not own a house. I rent a small apartment that serves me pretty well. + +Very recently I came into an inheritance of approx. $60,000 CAN. Paid down ALL my debt, and am left with about 50K. I have no intention of touching that money as I don't need anything (9 year old car runs well, etc). Now......what to do with it as it currently sits in the bank awaiting a real destination. Everything I've looked at points me to **GICs**. I am NOT a stock guy, nor am I a gambler. I figure that I do not have the time at this stage to "gamble" and ride out any downturns. I figure my best plan would be to sit that money somewhere really safe and get some points back on it. I guess my question would be, based on my situation and age, is the GIC the way to go? Am I able to put the whole amount into a GIC at once or do I have a limit like a TFSA? Recommendations for solid GIC return? My thought is to hold a small "emergency fund" ($5000) and put the rest into a GIC, and then leave it until I need to draw on it at some point in a few years. Just to add - I have always had **excellent** credit. I've always paid my bills (no bankruptcies), and have a large limit on my LOC and my one credit card (never had a problem with either). And yes, they are both CLEAN now - $0 owing. Sorry for the loooong post, but I just wanted to make my situation pretty clear. Any thoughts? Thank you in advance. +I'm as excited as anybody for the DRS count that will almost certainly be released on Thursday. I don't think making optimistic predictions or statements is helpful at all. + +ANY amount greater than 6 million is a huge win, and the only way that March 17th will be a disappointment is if hyping half the float gains traction. + + +Under promise, over deliver. +Hi there everyone. I’m currently in a conundrum and concerned about my long term future. I grew up in an Asian family that values “interdependency” and thus we often help each other out, even financially. However, I found that the cause of my slowly-increasing savings is not because I spend a lot of money, but because I lived in a household where my family overspends (treat your self mentality/“you worked hard for your money so why not enjoy it?” mentality), and at times if I don’t shout them or give them money besides my rent, I am seen as greedy and big-headed (since I am a full time professional working in construction). +Ever since I moved out, I feel so much more in control of my money and my spending. Even times when I feel like splurging and eating takeaway, I feel like I’m still saving so much more. People say living with your family means saving more money, but heck the rent I was paying them is more expensive than where I am now, and they also expect me to chip in more at home. + +My parents are educated and also work full time, have a house in inner city suburb, and you’d think they’d be good financially... I never understand why they always ask me for money. When I wanted a casual job at a fast food chain 7 years ago, they were so against it and saw it as not a respectable job for a future engineer, but ever since I started earning that minimum wage, they asked me to chip in at home. + +I don’t want this to be ongoing. Yes when they’re older I will take care of them and spend money on them, but they’re still 20 years away from retirement age. Even as I’m out of home 150 kms away they still ask me to chip in. I’m even paying for pet insurance for a puppy they got a week before I moved out. Am I the bad guy for not actively contributing financially? What am I doing wrong? I just want to start saving money for stocks and investments while I’m young, and it sucks that my counterparts at work are getting closer to that, and I’m not even halfway to their current saving achievements. I am willing to give my family money but from my own decision and my own free will, and not because they ask me to and they want me to. When they ask me as well, the want the money on the same day. Won’t even let me budget for it. + +Edit 1: All, thank you for the advice. I have responded here https://www.reddit.com/r/personalfinance/comments/97g4rq/comment/e48700r?st=JKV2W6G0&amp;sh=db484359 + +Edit 2: Wow. There’s so many responses. I am overwhelmed! I talked to my boyfriend and we both agreed there is a lot of good advice from everyone. Some very relatable. Some advice hard to swallow. I’ve read each and everyone’s message. I’m just on my phone at the moment as I am at work. Thank you again. I didn’t think it would get this much attention. I think part of it is people who are going through the same situation as me finally had the chance to voice their concerns. For my second generation Asians, we can do it. Message me and keep in touch if you please. :) +I just lost my vehicle to an accident and am about to lose my job if I don’t find a means of transportation today. + +I’ve been looking into financing vehicles and or taking out a loan to pay a private seller. + +I also just started rent a home and everything is starting to overwhelm me. And I’ve started to run low of funds not being able to get to work. + +Any guidance is appreciated. I’m 21 years old by the way. + [https://www.macrotrends.net/2566/crude-oil-prices-today-live-chart](https://www.macrotrends.net/2566/crude-oil-prices-today-live-chart) + + +You guys think this will continue or fizzle out? Also do you guys see this helping TSLA if gas prices slowly increase. +This is a list of the top 20 companies that experienced the largest change in insider shares in the last seven (7) days. +The SEC defines an insider as any officer, director or 10% shareholder. It is not illegal for these people to buy or sell their own shares. +In fact, since most of them get paid in stock options, it is expected. However, it is illegal for them to trade on inside information +that has not been made public. So for example if there are drug trial results that are bad and not public, +insiders cannot dump shares. That said, many people have observed that insiders - in general - seem to have a good +track record at timing their purchases. All trades that are marked as part of a 10b5 plan are excluded from this report. + +## Largest Insider Buying (Last 7 Days) +Company|Count|Shares Changed|Avg. Price|Value Change +--------|-----:|-----:|-----:|--------: +[OLMA / Olema Pharmaceuticals, Inc.](https://fintel.io/n/us/olma)|2|1,585,000|19|30,115,000 +[STOK / Stoke Therapeutics, Inc.](https://fintel.io/n/us/stok)|1|375,000|39|14,625,000 +[FTSI / FTS International, Inc.](https://fintel.io/n/us/ftsi)|2|524,716|16|8,522,205 +[MGTX / MeiraGTx Holdings plc](https://fintel.io/n/us/mgtx)|1|500,000|13|6,425,000 +[MRVI / Maravai LifeSciences Holdings, Inc. Class A](https://fintel.io/n/us/mrvi)|7|139,388|27|3,763,476 +[CAS.U / Cascade Acquisition Corp. Units, each consisting of one share of Class A and one-half o](https://fintel.io/n/us/cas.u)|1|250,000|10|2,500,000 +[VTVT / vTv Therapeutics Inc](https://fintel.io/n/us/vtvt)|1|625,000|2|1,000,000 +[UONE / Urban One, Inc.](https://fintel.io/n/us/uone)|3|719,143|1|904,585 +[MACK / Merrimack Pharmaceuticals, Inc.](https://fintel.io/n/us/mack)|4|138,175|4|504,339 +[CHMA / Chiasma, Inc.](https://fintel.io/n/us/chma)|1|120,000|4|480,492 +[GTXMQ / GARRETT MOTION INC](https://fintel.io/n/us/gtxmq)|2|100,000|5|463,000 +[BHVN / Biohaven Pharmaceutical Holding](https://fintel.io/n/us/bhvn)|1|5,000|90|447,737 +[COTY / Coty, Inc.](https://fintel.io/n/us/coty)|2|55,000|7|391,455 +[FTK / Flotek Industries Inc.](https://fintel.io/n/us/ftk)|3|149,560|2|297,624 +[TESS / Tessco Technologies, Inc.](https://fintel.io/n/us/tess)|4|41,084|6|247,914 +[CERC / Cerecor Inc.](https://fintel.io/n/us/cerc)|6|100,000|1|236,869 +[KDP / Keurig Dr Pepper Inc.](https://fintel.io/n/us/kdp)|3|7,500|30|226,562 +[CASI / CASI Pharmaceuticals, Inc.](https://fintel.io/n/us/casi)|1|100,000|2|218,000 +[VTA / Invesco Dynamic Credit Opportunities Fund](https://fintel.io/n/us/vta)|2|21,476|10|215,367 +[SAFT / Safety Insurance Group, Inc.](https://fintel.io/n/us/saft)|2|2,800|75|208,600 +[SFT / Shift Technologies, Inc. Class A](https://fintel.io/n/us/sft)|2|27,500|7|201,989 +[QRTEB / Qurate Retail Group Inc. Series B](https://fintel.io/n/us/qrteb)|1|2,000|99|198,300 +[SANW / S&amp;W Seed Co.](https://fintel.io/n/us/sanw)|3|72,780|2|171,176 +[PTVE / Pactiv Evergreen Inc. Common stock](https://fintel.io/n/us/ptve)|1|10,000|16|159,664 +[LAZY / Lazydays Holdings, Inc.](https://fintel.io/n/us/lazy)|1|9,678|14|138,976 +[GBDC / Golub Capital BDC, Inc.](https://fintel.io/n/us/gbdc)|4|8,000|14|110,825 +[CYAN / Cyanotech Corp.](https://fintel.io/n/us/cyan)|2|41,845|3|107,960 +[CLSD / Clearside Biomedical, Inc.](https://fintel.io/n/us/clsd)|1|62,000|2|102,046 +[JMP / JMP Group LLC](https://fintel.io/n/us/jmp)|5|28,888|3|84,335 +[CUE / Cue Biopharma, Inc.](https://fintel.io/n/us/cue)|1|6,548|13|82,776 +[BFC / Bank First National Corporation](https://fintel.io/n/us/bfc)|3|1,200|68|81,420 +[TFFP / TFF Pharmaceuticals, Inc.](https://fintel.io/n/us/tffp)|1|5,000|15|75,656 +[DTRC / Dakota Territory Resource Corp](https://fintel.io/n/us/dtrc)|1|156,250|0|75,000 +[HQI / HireQuest, Inc. (DE)](https://fintel.io/n/us/hqi)|2|8,118|9|73,933 +[CKX / CKX Lands, Inc.](https://fintel.io/n/us/ckx)|1|7,764|9|71,817 +[CORT / Corcept Therapeutics, Inc.](https://fintel.io/n/us/cort)|2|2,980|23|68,328 +[WSTG / Wayside Technology Group, Inc.](https://fintel.io/n/us/wstg)|1|3,195|21|67,287 +[CRTD / Creatd Inc.](https://fintel.io/n/us/crtd)|7|20,000|3|60,951 +[ATEX / Anterix](https://fintel.io/n/us/atex)|1|2,000|28|57,000 +[BZH / Beazer Homes USA, Inc.](https://fintel.io/n/us/bzh)|1|3,735|15|55,987 + +## Largest Insider Selling (Last 7 Days) +Company|Count|Shares Change|Avg. Price|Value Change +--------|-----:|-----:|-----:|--------: +[CTLT / Catalent Inc.](https://fintel.io/n/us/ctlt)|1|-5,392,280|99|-535,237,713 +[47074L105 / JAMF HOLDING CORP](https://fintel.io/n/us/47074l105)|2|-10,663,978|32|-341,247,296 +[ONEM / 1Life Healthcare, Inc.](https://fintel.io/n/us/onem)|1|-7,000,000|33|-233,100,000 +[BLI / Berkeley Lights, Inc.](https://fintel.io/n/us/bli)|3|-2,615,311|83|-215,920,076 +[SDGR / Schrodinger, Inc.](https://fintel.io/n/us/sdgr)|1|-2,000,000|64|-127,000,000 +[SDC / SmileDirectClub, Inc. Class A](https://fintel.io/n/us/sdc)|1|-10,000,000|12|-115,000,000 +[TPIC / TPI Composites, Inc.](https://fintel.io/n/us/tpic)|6|-2,740,590|39|-103,319,134 +[CG / The Carlyle Group L.P.](https://fintel.io/n/us/cg)|1|-2,000,000|27|-54,600,000 +[264120106 / DUCK CREEK TECHNOLOGIES INC](https://fintel.io/n/us/264120106)|2|-1,200,000|40|-47,724,000 +[GRSH / Gores Holdings, Inc.](https://fintel.io/n/us/grsh)|1|-3,215,817|14|-43,413,530 +[CYH / Community Health Systems, Inc.](https://fintel.io/n/us/cyh)|2|-4,588,032|9|-39,769,384 +[WMT / Walmart, Inc.](https://fintel.io/n/us/wmt)|3|-260,000|151|-39,107,122 +[ATUS / Altice USA, Inc.](https://fintel.io/n/us/atus)|1|-1,000,000|35|-35,100,000 +[CELH / Celsius Holdings, Inc.](https://fintel.io/n/us/celh)|4|-918,108|31|-28,903,097 +[SONO / Sonosite Inc](https://fintel.io/n/us/sono)|9|-1,197,814|21|-25,739,541 +[MSTR / MicroStrategy, Inc.](https://fintel.io/n/us/mstr)|51|-107,433|234|-25,493,775 +[GRWG / Growgeneration Corp](https://fintel.io/n/us/grwg)|8|-679,000|32|-21,278,928 +[SCCO / Southern Copper Corp.](https://fintel.io/n/us/scco)|5|-329,783|59|-19,440,542 +[RAMP / LiveRamp Holdings, Inc.](https://fintel.io/n/us/ramp)|6|-344,925|57|-19,375,368 +[LPI / Laredo Petroleum, Inc.](https://fintel.io/n/us/lpi)|6|-1,341,834|12|-15,493,741 +[ASGN / On Assignment, Inc.](https://fintel.io/n/us/asgn)|5|-155,882|82|-12,830,633 +[PLTR / Palantir Technologies Inc. Class A](https://fintel.io/n/us/pltr)|2|-600,000|21|-12,250,600 +[GOGO / Gogo Inc.](https://fintel.io/n/us/gogo)|4|-1,192,898|10|-12,158,029 +[AMRC / Ameresco, Inc.](https://fintel.io/n/us/amrc)|10|-258,385|45|-11,693,920 +[FWONA / Liberty Media, Formula One Group Series A](https://fintel.io/n/us/fwona)|4|-270,864|42|-11,497,588 +[NVR / NVR, Inc.](https://fintel.io/n/us/nvr)|2|-2,400|4,188|-10,063,606 +[Z / Zillow Group, Inc. Class C](https://fintel.io/n/us/z)|10|-88,994|114|-10,041,876 +[NUAN / Nuance Communications, Inc.](https://fintel.io/n/us/nuan)|5|-237,310|42|-9,896,069 +[TDG / Transdigm Group, Inc.](https://fintel.io/n/us/tdg)|17|-15,786|610|-9,656,382 +[ORLY / O&#x27;Reilly Automotive, Inc.](https://fintel.io/n/us/orly)|1|-20,000|451|-9,011,238 +[COLM / Columbia Sportswear Co.](https://fintel.io/n/us/colm)|2|-101,899|86|-8,733,676 +[TTEK / Tetra Tech, Inc.](https://fintel.io/n/us/ttek)|9|-81,332|112|-8,569,697 +[WAB / Wabtec Corp.](https://fintel.io/n/us/wab)|5|-105,000|74|-7,885,638 +[TWTR / Twitter, Inc.](https://fintel.io/n/us/twtr)|5|-164,418|45|-7,397,778 +[ZBRA / Zebra Technologies Corp.](https://fintel.io/n/us/zbra)|2|-17,937|363|-6,507,376 +[NEO / NeoGenomics, Inc.](https://fintel.io/n/us/neo)|2|-130,000|45|-5,897,051 +[TRUP / Trupanion, Inc.](https://fintel.io/n/us/trup)|6|-60,424|95|-5,773,568 +[WWD / Woodward, Inc](https://fintel.io/n/us/wwd)|3|-49,300|113|-5,619,263 +[TEL / TE Connectivity Ltd.](https://fintel.io/n/us/tel)|1|-48,387|116|-5,589,802 +[SAMA / Schultze Special Purpose Acquisition Corp.](https://fintel.io/n/us/sama)|2|-499,620|10|-5,189,708 + +*Count* column is number of transactions. + +Source: [Fintel.io/insiders](https://fintel.io/insiders) +https://www.cnbc.com/2019/05/06/warren-buffett-says-stocks-look-like-intelligent-investments-compared-to-bonds-today.html + +"Stocks actually, in many cases, look like perfectly intelligent investments,” Warren Buffett said in an interview with CNBC on Monday. +Do you have an Apish eye for art? Do you fancy yourself a real Pockets Warhol contemporary? Or can you just barely keep from eating that delicious crayon in your hand? 🖍 + +Well ... doesn’t matter! Today’s the day you apes get to show your fellow apes what artistic chops you got! 🎨🖼 + +👉Make and submit your r/superstonk banner and it just might end up top of board! VOTED THERE BY YOUR FELLOW APES! + +Send your piece of ape-art to [ModMail](https://www.reddit.com/message/compose?to=/r/Superstonk) (subject Banner Contest) and once we sort through submissions YOU APES will have a chance to vote on what banner you want to see everyday, all day, shining down on this beautiful community of apes, chimps and bonobos! + +GOOD LUCK! YOU HAVE 24 HOURS TO GET YOUR SUBMISSION IN! + +Profit to the People. Power to the Players. 💎✊ + +EDIT: Dimensions: + +**Width** \- an image that's at least 1600px will work with most monitors though if you want to ensure an optimal experience for those with large monitors, you'll want to have banners up to 4000px wide. + +**Height** \- height can be small, medium or large. + +* Small - 64px +* Medium - 128px +* Large - 192px + +EDIT II: This is not a ban trap, this is an outreach to the apes who make this community special and an opportunity for you/them to share their talents for everyone to see ... now, if you submit some crazy-ass vile shit that makes me want to puke ... a ban is not off the table. Take that at face value. TL:DR Don't be afraid to submit your banner, unless you just suck at life, then keep it to yourself. +The guilt is all-consuming at this point. I grew up in a stable house where food/electricity/hot water were things I never thought about. They were just...there. A clean house in a safe neighborhood with a good dinner every night and toys to play with = my daily reality. I didn't get every single fancy toy I wanted, but I always got some toys and pizza nights on the weekends and trips to the amusement park and decent gifts for birthdays/Xmas and just regular middle class shit. + +My kids? I can't give them shit. FUCK. +I’m really curious how many shares many of you started off with/recommend when starting with dividend investing. I’m halfway to maxing out my IRA contribution for 2020 and so far just have 9 stocks, with just 2-3 shares of each. I plan to buy more shares since the market has been a bloodbath lately and every day just seems like a slightly better buying opportunity. As of right now Schwab says for 2021 I’ll be receiving $33 in dividends. +I’ve been interested in this multi-family property in my neighborhood that was previously on the market. The seller apparently removed the listing because real estate moves slow where I live and I guess he/she wasn’t getting any buyers. The seller does not live at the property. My aim is to contact the seller directly and give him/her an offer for the property. I’m sure he/she is still looking to sell if the price is right. I want to try to avoid dealing with realtors. What is the best way to go about finding who the owner is? Is there a way to get his/her contact info? Should I write to him/her? Or should I just call? Any advice on this matter is much appreciated. Thanks! +The theories of financial terrorism and systemic crime that were discussed in the early days have yet to be disproven. In fact, many of these theories now have publicly available data supporting these positions. Further, some financial experts have corroborated claims made here with examples of previous events demonstrating that crimes committed against GameStop’s shareholders and employees are just a “rinse and repeat” cycle of “short and distort” dismantling of American businesses. + +MSM, Wall Street SHFs, and MMs have failed to provide counterarguments. I believe there is still a $1,000 bounty for someone to disprove any of the major DD. Money is no object for them, but the call for challenging the DD remains. (~~Ape, I forgot your name, but can you add you old post to this thread.~~) \*\*EDIT\*\* I found the old saved post from u/FlacidPasta [https://www.reddit.com/r/Superstonk/comments/qk24ep/ill\_give\_1000\_to\_anyone\_who\_can\_disprove\_the/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/qk24ep/ill_give_1000_to_anyone_who_can_disprove_the/?utm_source=share&utm_medium=web2x&context=3) + +Every day that passes, my tits are more jaqued and the grip around my shares tightens. +I have changed my opinon on this post and have made a [new post](https://www.reddit.com/r/stocks/comments/ruaoux/student_loans_will_not_cause_the_next_crash/) + +TL;DR: Student loans are getting out of control and the average American is struggling to pay back. Once Biden's student loan pause stops the debt market might spiral out of control. + +Okay ill make my thesis pretty clear from the start:Americans aren't able to pay their student loans back. + +A pretty simple thesis right? In my opinion, yes, it's a lot simpler than mortgages. + +The subprime mortgage crash of 2008 was caused by, in short terms, people not being able to afford paying their mortgages after their teaser rates expired.Theres a myriad of other ways to explain it and thats just what I think. People were getting loans they obviously couldn't pay.They ignored the rates in the long term because they were being blinded with the misconceptions that they could always refinance their terms. This was obviously wrong, but the issuers didn't give a shit, because it made them rich. So they kept on dishing out loans to people even with shitty credit scores. + +This time however Americas debt problems have taken a different turn. The student loan market is very different from the mortgage market. Obviously the market is smaller, but student loans are still the second largest consumer debt with a market of 1.6 trillion USD. The crazy thing is that the average debt incurred by students to fund their seminary education is $33,000. While the student loans cause less debt than mortgages they also often have worse terms. Issuers tend to focus on the principal amount owed while ignoring the interest that accumulates. This can really mess some people up when in their later years of college they realise that they might need to take an extra semester to pass. Student debt can also set a stopper on getting a mortgage. If you spend say 10 or 15% on your student debt, getting a mortgage where you pay say 35% can be impossible. Student debt is also harder to refinance as fewer private issuers include refinancing in their terms, and with federal loans it forfeits key consumer protections.If you go bankrupt you cant discharge your loan without proving that your issuer is causing you "undue hardship". In mortgages all of these things are much easier to do and the debt market is obviously much more regulated. + +So far I have only talked about how student loans are rigged against the average American. However one of the most pressing issues are the unjust rising costs of college. Ill let this chart speak for itself: [https://i.huffpost.com/gen/1192706/images/o-COLLEGE-COSTS-facebook.jpg](https://i.huffpost.com/gen/1192706/images/o-COLLEGE-COSTS-facebook.jpg) + +Biden recently extended the Student debt forgiveness act. This is obviously bearish. This can be compared to the teaser rates running out and people not being able to afford their payments. As people haven't had to pay student loans in a while now, it is fair to say the part of their income that went to student debt has gone to other things. Maybe restaurants, maybe a new car with more debt etc... This basically means that people are going to be struggling to find money to repay their loans with. + +So, how can we profit off of this? I would say credit default swaps. However i dont really know the credit derivatives market well and maybe someone in the comments has a better idea? + +I dont really know how this is going to play out on the markets. But its going to be interesting. + +TL;DR at the top. +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! + +Again, as the title implies, I am just looking for old trading strategies regardless of language. I don't care if they are profitable or not, I just enjoy looking through others code and feel it is a great place to learn. Any help is appreciated. Cheers! +I have half of my savings in rental property and half in Vanguard funds. + +The properties are yielding about 4.5% net and not causing too many headaches. + +I am living on other savings and other income so the property and stocks are sat there to grow and fund retirement. My primary residence is also paid off. + +I am tempted to move more money from stocks into property. As I do not need to take risk, 4.5% return is great. If I use mortgages I can get 6-7% return which is comparable with the stock market over the long haul and feels like less risk. + +On the downside, property in the UK has quite high entry costs due to stamp duty. + +It also makes me nervous losing the liquidity. Right now I have 20 years expenses in stocks, but would move to 10, leaving me with less flexibility over the next decade. + +Finally, I don’t like the idea of carrying debt and dealing with banks, but counterintuitively, it is good for yield. + +I know Reddit loves index funds, but how else are people viewing and allocating rental stocks vs property in today’s environment? +Hi All, + +Have been reading UKInvesting for quite some time now and very grateful of the knowledge shared and answers provided by the community. + +As like many of us (I imagine), I've set a firm date of retirement of 45 years old. I'm 28 currently, own a business which is turning over just over £525,000 this year and have only recently (start of 2018) begun pocketing money to place into a number of the Vanguard ETF's. Currently I'm putting in £1,000 per month, with the idea of building up to around £350,000-£400,000 in the next 10-12 years (with the idea of an average of 14% y-o-y interest). + +What seems to be a common occurrence and response to many posts is diversifying your investments to bring a more equal balance of weightings driven towards certain industries / countries. My portfolio is split essentially 50/50 down to; + +&#x200B; + +\- [Vanguard LS100 Equity](http://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F00000MLUS) + +\- [Vanguard FTSE Global Income](http://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F00000XXVV) + +&#x200B; + +However this is where I need some assistance / explaining - Why would you diversify your portfolio even more, spreading your investments across a wider field reducing the chance of hitting your yearly interest goals? I see it as almost making it harder for yourself if you have multiple funds as you're then wanting to achieve X% of interest for each one of those funds. (I could be barking up the wrong tree so please do tell me!) + +I imagine the replies to be 'it's a bit of a balancing act' but I see more and more of these types of posts come about and my mind is telling me - Is it worth the risk (at my age) to build up your income in only a few ETF's compared to that of placing a small amount in a much broader selection of ETF's? + +In my late teens I did dabble in stock markets - Jubilee Platinum and African Copper were my main two stocks that I invested in - I used to keep up with the forecasts of mining companies and did relatively well out of those. Gone are these days though for me as I'm looking for something to place £12,000p/a into and almost forget about it till 45 to then of my surprise, I'm a millionaire! + +I'm not trying to come across as criticising - It's actually hard to write a question without coming across in the wrong manner! + +Look forward to everyone's ideas / comments. + +Cheers +Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else! + +This thread is also for asking questions about which is the best broker for you, which broker offers \[feature\] and other basic questions about platforms and their functionality. +My mother passed away on 11/21. She had been sick for quite awhile. My wife and I just found out we were expecting and my mother was so excited, as were we. Understandably, we had to take several days off to mourn this loss. Neither my job (small company) or hers (large hospital but she’s classed as PRN) provide any type of bereavement leave so now we’re two paychecks behind and I have no idea how we come out of this and still be able to have a Christmas. + +As if losing my mother wasn’t enough, this shitty society kicks lower class families while they’re down. I mean what do you even do at this point? + + +Couples or families giving advice to single people isn't helpful. Telling someone they would struggle less if they would couple up, is infuriating - like to enjoy this life is to be dependent on someone else. I have chosen this specific independence as a woman after a lifetime of being betrayed by others. The advice that people with more support almost never is relevant and somewhat oblivious. + +Here are examples: + +- if you want a better job, you possibly could be a part time student. Everyone who recommends this said it was only possible bc their partner or family helped pay for their rent and bills, so when person who was student did not have to pay full rent or any. Multiple women I used to be friends with say "I did this all by myself!" (Going back to school, new career path) Oh well yeah 3 years ago I didn't work for a year and a half...but you should be able to do this? + +I can't. I am barely surviving paycheck to paycheck, I cannot work less or get a loan right now. I do not understand how single people without family gp back to school while working full time. I can barely do this without being a student. I don't want to try to do something that would be impossible and waste of money if I couldn't actually pass courses. + +- couples that say they aren't in rush to get married but then quickly do and are gifted down payment of house. Tells people they know secret of becoming home owners when they couldn't have done without help. + +I could go on- sharing medical insurance, sharing cost of living- no duh it's easier with someone else. The ability to get more faster with 2 incomes. This advice does not work for people who want to live an independent life on their own accord. When you actually come from nothing and have had no one to ever rely on, this makes more sense. Few get this. Again, see title if you are in relationship and weathering this life with someone else or they saved you, think about how hard this is alone. + +People like getting frustrated at single women who want to be secure on their own. This has been a dream of mine since I left home at 17, like my values are engrained in being able to be totally okay before investing in any person. Like I might date again or have a person when I have lived a few really stable years peacefully. + +I want to prove to myself in this lifetime that I can rescue myself and my trajectory as a woman alone is fulfilling. I'm one of those women that in my free time, I want to write and be outside, see a few close friends but this is all so hard while working full time. It's an issue of time as a resource doing everything alone. + +**EDIT I am 30 yo woman, I don't want to say my field of work to not make my post more specific but I make less than 24k a year but I have health insurance with work. +I had roommates for years and years and am taking at least a few years break living alone in place I can afford, it's my cay payment and other catchup past bills piling up that screw me. I didn't say in post why but I have dated a lot and had a lot of time wasted and focus lost from trying to support someone and myself or it was too difficult/I enjoyed being alone more bc I don't owe anyone in relationship anything and can focus on myself and actual close friends. I have huge distrust in relying on others as it has failed numerous times in past and made me feel stupid. You'll never feel stupid or owe anyone anything if you are independent and do it yourself, its hard but I know I'm not wrong. Think of this from a vulnerable woman's standpoint who just wants agency that can never be taken away, if I work hard then I earn that. + +Advice from SINGLE WOMEN or singles is welcomed, advice from people not in that situation please find another post. This is a vent and I'm looking for others in my position to relate to bc I know a lot feel this and no one sees them. +It's rare to see a Fed official, even a former one, be this explicit about the wealth effect going the other direction. The Fed relied on the wealth effect to boost the economy when stocks were on the way up. (Bernanke famously said so in 2010). Now Dudley says the Fed wants equities lower to slow inflation. + +https://www.youtube.com/watch?v=Fiiib9oqTB0 + +Edit: Fed minutes came out at 2pm EDT. Consensus interpretation seems to be dovish. $95B cap on QT phased in over three months. +I started trading stocks last year when corona happened just like other people did. I'm a university student who got laid off due to the pandemic and have yet to find a job since. When meme stocks blew up (BB, AMC, NOK, and GME or BANG) I jumped on the bandwagon thinking it's a fast way to make gains overnight instead of waiting for a company to grow organically. I spent 80% of what I have to my name and bought out shares of BANG, unfortunately, I have now lost 75% of my initial investment. Really expensive lesson but now I've learned and will grow from this and come back stronger. Luckily, I made a deal with my mom when I started university so I don't have any bills to pay other than phone bill, gym membership, netflix, spotify etc. Just the basic stuff so I can still live off of what I left myself with for at least a few months. I'm also in the last semester for a Computer Information System degree so I'm hoping that I can get a job and get back what I lost. I will be holding my meme stocks until I die as a reminder of my very expensive mistake. If they go up great, if not it's no big deal as I have come to finally accept that I lost. Just something I wanna get out of my chest to be at peace with myself. + +edit: Really thankful that you guys are really supportive. For everyone on this thread who also said they lost money on GME hopefully we all bounce back from this stronger than ever. +Hi All, + +As per the title, my parents passed away in a traumatic accident and I am swamped with emotions and financial worries. They left me with their home estimated @ 1m USD (100% equity) and 300K in savings (this includes a life insurance payout of 100K) plus pension. + +My parents were based in a small western EU country and I currently live in the APAC region for work where I live with my wife. My savings are approxiamtely 100K USD (I am 29yr old; 80% are invested in some mutual fund portfolio with Fidelity Int.). Its been a couple of months to absorb and I am finally starting to gather some energy to do anything. + +I have no idea what to do. I would like to explore some ideas with you guys before I go to an asset manager. + +My ideas: + +\- Dispose of my parents home at the prevailling market price, pay taxes and invest the proceeds in a mutual fund/ETF (80% Broad Equity/ 20% Treasuries). + +\- Put their cash savings in some income capital protected investment fund. + +Other than that I have no clues. I have zero ideas what to do. My other extended family, I dont get on with a lot and I try to build some space from them. I dont know if its a good idea to discuss this with family. + +Thanks a lot. + +Edit: I would like to thank everyone for their support and insight shared. I will aim to reply as much as I can but my sleep pattern is absolutely screwed recently. + +You guys are amazing thanks +Like the tile says, what’s something you did in your teens or 20’s that you are thankful to yourself for doing it? because you’re in a better financial position because of it. +Outside of the obvious such as banks and REITS what are your favorite dividend stocks to hold for the long term? + +After tons of research I'm finding my favorites to be Enbridge and Algonquin Power and Utilities. Let me know your favorite plays. +(Reposted, tripped automod w/edits) + +Some links had to be removed due to banned words. You should be able to find them still by googling the headlines. + +\----- + +# [A Running list of FUD Part 1 here](https://www.reddit.com/r/Superstonk/comments/mnjqpw/dont_forget_what_they_did_a_running_list_of_fud/) + +\----- + +Sup Apes, + +Never thought I’d need a second post, but months and months of bullshit fuckery tends to pile up, and we’ve hit the character limit on the original post. + +As with the last post, I will continue to update this as the FUD rolls in. + +We need to remember what the HFs have done. Now more than ever. Feel free to send any FUD my way and I’ll add it in. + +When it comes time to hold past 1K, 10K, 100K, 1M, 10M. + +Remember this list. + +\----- + +# [Cointelpro Techniques for Dilution, Misdirection, and Control of an Internet Forum](https://www.reddit.com/r/Superstonk/comments/mulstf/cointelpro_techniques_for_dilution_misdirection/) + +* "**Remember these techniques are only effective if the forum participants DO NOT KNOW ABOUT THEM.** " + +&#x200B; + +**Regardless of what happens with** **other stocks** \- Nothing changes with GME. If they go up, great, and now shorts are fighting on two fronts, but **nothing changes with GME.** + +Buy. Hold. Buckle Up. + +&#x200B; + +[**The EARLY SELL**](https://www.reddit.com/r/GME/comments/m1x2eg/no_one_i_repeat_no_one_should_give_a_shit_when/) + +* [Another example](https://www.reddit.com/r/Superstonk/comments/mlle06/new_fud_wave_how_we_all_hodl_for_the_highest/?utm_source=share&utm_medium=web2x&context=3) +* [Selling on dips to protect gains](https://www.reddit.com/r/Superstonk/comments/mpedri/shills_have_given_away_their_strategy_lol_expect/) \- $120 is a discount + +As we get closer to the MOASS, they will try DESPERATELY to hype a low price point like $1,000 to scare you into paper handing. + +\----- + +# JUNE + +**6/1** + +* [Pinning the price action on Apes](https://www.reddit.com/r/Superstonk/comments/nq46sz/this_narrative_needs_to_stop_main_stream_media_is/) \- This is not a coordinated effort to pump GME up. We all know that by now. Stay prepared for more articles like this one. +* [Pinning the price action on DFV](https://www.reddit.com/r/Superstonk/comments/nq7d3j/suspicious_articles_being_published_that_seem_to/) + +**6/4** + +* ["Short Sellers have lost X amount"](https://www.reddit.com/r/Superstonk/comments/nry08g/media_pushing_the_narrative_that_shortsellers/) \- Nothing is a loss **until the shorts close their positions** +* [On 6/9 and the Annual Shareholder Meeting](https://www.reddit.com/r/Superstonk/comments/ns3owq/unpopular_opinion_you_might_fud_yourself_with_69/) \- 6/9 being the date and 6/9 not being the date can both be seen as FUD. In the end, no date really matters, we know what cards we hold and the MOASS will happen when it happens. Hype is fun, but so was Quadruple Witching (3/19), and Earnings (3/23). **Manage your expectations**. Buy. Hold. Vote. +* [**Citadel wants to SUE**](https://www.reddit.com/r/Superstonk/comments/nsf3ap/citadel_is_threatening_to_sue_people_for_exposing/) (Or just another HF who knows) -[ LOL](https://youtu.be/wIcHEfPBnYI?t=116) + +While we may have strict posting requirements around gain porn here in /r/superstonk, other subs do not. Prepare yourself to see all kinds of posts of people that sold early on those subs. + +The first battle for the HFs is to prevent the MOASS, the next will be to get you to sell early when the MOASS starts. **Every single dirty trick on this list can and will be used again once the MOASS starts, and I would expect it to be spread to every single GME related sub.** + +**6/7** + +* [Naked Shorting - It'S iMpOsSiBlE](https://www.reddit.com/r/Superstonk/comments/nubx5p/its_impossible_nothing_is_impossible_and_track/) +* ["Blame on all sides..."](https://twitter.com/MelissaLeeCNBC/status/1401973234694823938) \- Melissa Lee. + +Uh huh. People don't forget.[ Even when you backpedal.](https://www.reddit.com/r/Superstonk/comments/nuo004/okay_no_trusting_msm_is_solid_strategy_but/) + +**6/9** + +Lots of forum sliding going on with the shareholder meeting today. Take everything with a grain of salt. + +[Looks like the play is to spread FUD around the mods](https://www.reddit.com/r/Superstonk/comments/nvz6q5/ill_be_honest_the_stream_was_messy_and_confusing/) \- Constructive criticism is ok, just be on the lookout for users posting extremes and being overly aggressive. + +**6/10** + +* [Gamestop shares are dropping after the game seller said it's being investigated by the SEC](https://fortune.com/2021/06/10/gamestop-shares-sec-dropping-sellers/) +* [Gamestop Lower After Quarterly Loss, Share Sale Plans; SEC Probe Lingers](https://www.thestreet.com/investing/gamestop-slips-lower-after-first-quarter-loss-share-sale-plans) +* [Meme stocks stumble after Gamestop discloses SEC probe into the frenzy](https://www.marketwatch.com/story/meme-stocks-stumble-after-gamestop-discloses-sec-probe-into-the-frenzy-11623277586) + +**6/14** + +* [The Hedgies are Scambling](https://www.reddit.com/r/Superstonk/comments/nz9xtq/the_hedgies_are_scrambling/) \- Post has since been edited to be deleted. Based on the post calling it out[ here](https://www.reddit.com/r/Superstonk/comments/nzerga/new_fud_made_it_to_front_page_be_careful_think/), it seems that shills are trying to spread FUD under the guise of "DD" or organize a group buying effort to pin market manipulation on Apes. + +**6/15** + +* "Enlisting an army" - More tactics by the MSM to portray Apes as an organized group that is manipulating the market. (Link removed due to reference to popcorn stock) +* [Big runups by "Meme stocks" could be a recipe for disaster](https://www.reddit.com/r/Superstonk/comments/o0o4vr/media_hedgies_already_planting_seeds_that_meme/) \- Unlike the abusive naked shorting going on with said stocks right? Please. +* [FUD surrounding DTC-2021-005](https://www.reddit.com/r/Superstonk/comments/o0pem0/no_005_isnt_a_dud_get_that_fud_out_of_here_let_me/) + +**6/16** + +* "Do meme traders need to be protected from themselves?" +* Opinion: Why a crash in meme stocks XXX and GameStop looks more likely now - Thanks for the heads up on the upcoming discount MW. + +**6/21** + +* [Why a Crash in Meme stocks looks more likely](https://www.reddit.com/r/Superstonk/comments/o4qkss/if_you_needed_more_confirmation_that_marketwatch/) + +**6/22** + +* [GME fails to close above $225... before the trading day is done](https://www.reddit.com/r/Superstonk/comments/o5t3r5/erm_the_days_not_over_yet_im_in_gmt_time_btw/) +* ["This hedgefund invested in Gamestop - it's now closing after suffering losses"](https://www.reddit.com/r/Superstonk/comments/o5thz8/hey_marketwatch_can_you_quit_it_with_the_bullshit/) + +**6/24** + +* ["This is taking forever"](https://www.reddit.com/r/Superstonk/comments/o74t41/latest_schill_tactic_this_is_taking/) \- There's never been an easier winning strategy. Patience. Buy. Hold. +* [A little more MSM FUD about Apes manipulating the market](https://www.reddit.com/r/Superstonk/comments/o75pem/msm_starting_a_coordinated_attack_against/) + * [Another](https://imgur.com/L7TPcpT) +* [Inciting Violence](https://i.redd.it/tq9oqa4k39771.jpg) \- **This is right out of the Cointelpro playbook.** + * [User has been banned](https://www.reddit.com/r/Superstonk/comments/o7602r/inciting_violence_being_upvoted_this_is_certainly/h2wtwvm/?context=3) + +**6/25** + +* [The MOASS is far away](https://www.reddit.com/r/Superstonk/comments/o7gibj/new_shill_tactic_pretending_that_the_moass_is_far/) +* [No one is nervous, no one is selling, and no one is tired](https://www.reddit.com/r/Superstonk/comments/o7pyi8/no_one_is_nervous_no_one_is_selling_and_no_one_is/) + +**6/27** + +* [Discredit DD FUD](https://www.reddit.com/r/Superstonk/comments/o9e8yq/new_shill_tactic_at_the_melt_up_make_us_think_the/) + +**6/28** + +* ["Meme stop hype can deter women from investing"](https://www.reddit.com/r/Superstonk/comments/o9encp/they_are_really_running_out_of_fud_ideas_meme/) \- Lower and lower they go. Will someone think of the children?? + +**6/29** + +* [T212 share lending](https://www.reddit.com/r/Superstonk/comments/oa7nq4/fud_alert_t212_simply_do_not_agree_to_terms_hold/) \- Also appears to be popping up on other subs in an attempt to get you to sell and move to a different broker. + +# July + +**7/1** + +* [Which stock to own in 2021?](https://www.reddit.com/r/Superstonk/comments/obld4f/is_this_because_there_are_no_shares_left_to_buy/) +* [Young adults and YOLO trading](https://www.reddit.com/r/Superstonk/comments/obp43a/why_do_they_keep_referring_us_as_kids_or_young/) +* [Shorting the RH IPO?](https://www.reddit.com/r/Superstonk/comments/obu7rf/do_not_short_their_ipo_dont_become_what_we_hate/) \- How did we all get here again? +* [Burry saying Meme stocks will crash](https://www.cnbc.com/2021/07/01/michael-burry-reportedly-says-meme-stocks-are-set-to-crash.html) + +**7/5** + +* ["MoAsS wiLL nOt HapPEn aNY MoaAARrrRR"](https://www.reddit.com/r/Superstonk/comments/oecchp/dissecting_the_latest_fud_campaign_moass_will_not/) + +**7/6** + +* [Reddit raided by a targeted spam account campaign for 10 days](https://www.reddit.com/r/Superstonk/comments/oes2su/reddit_was_raided_by_a_targeted_spam_account/) + +**7/8** + +* [Forget Gamestop](https://www.reddit.com/r/Superstonk/comments/og618d/forget_gamestop_like_really_dude_just_forget_it/) \- .... Again! + +**7/13** + +* [Anti Gary Gensler posts](https://www.reddit.com/r/Superstonk/comments/oj5dxf/apes_we_need_to_talk_this_wave_of_antigary/) + +**7/14** + +* [New copypasta showing up on Twitter](https://www.reddit.com/r/Superstonk/comments/ok6a2d/new_shill_copy_pasta_showing_up_on_twitter/) \- Running out of creativity huh? +* [**You could lose EVERYTHING**](https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/you-could-lose-everything-on-meme-stocks-franklin-templeton-ceo-135011534.html) \- "I think that the challenge with things like the meme stocks is yeah, if you time it right, you're going to do great," +* "On the other hand, you could lose everything." - Boy thanks for that groundbreaking Double Down +* [GameStop NFT Team running a scam](https://www.reddit.com/r/Superstonk/comments/ok6gol/the_nft_team_being_promoted_on_this_sub_is_a_scam/) + +**7/15** + +* [Netflix makes a video game hire](https://www.reddit.com/r/Superstonk/comments/okqmxh/i_love_that_they_use_1_hire_as_reasoning_gamestop/) +* [Spamming awards on FUD posts](https://www.reddit.com/r/Superstonk/comments/ol1rtq/i_believe_we_have_strong_evidence_that_shfs_are/) + +**7/16** + +* [Apefest](https://www.reddit.com/r/Superstonk/comments/oldwkr/shill_alert_anything_familar_i_lost_everything/) is sus - We're not done yet. So don't fucking dance. + * [Additional link](https://www.reddit.com/r/Superstonk/comments/olrtl5/if_you_needed_anymore_reason_to_believe_apefest/) +* [Market Manipulation is back! (Thanks to Social Media)](https://www.yahoo.com/now/want-1-million-market-manipulation-202457082.html) + * Same article posted to numerous sites (just google it), [including Nasdaq](https://www.reddit.com/r/Superstonk/comments/one4q1/how_the_is_this_allowed_on_nasdaqs_own_site_no/) + +&#x200B; + +&#x200B; + +**Known FUDers** + +https://preview.redd.it/4de1e69hp6c71.png?width=498&format=png&auto=webp&s=416a6df73f0ce7f9fa46a059af0760ace2b7a8bd + +Post any others and I'll update + +* [Market Watch](https://www.reddit.com/r/GME/comments/m2ih5m/wallace_witkowski_and_jeremy_c_owens_detailed/) +* Curtis Nagle -[ GME Price point is $10](https://www.reddit.com/r/GME/comments/m8llrf/curtis_nagle_10_price_target_for_gme/) + * [Additional Source](https://www.barrons.com/articles/gamestop-stock-isnt-budging-neither-are-bearish-analysts-51617729596) +* Michael Pachter -[ GME point $29](https://www.yahoo.com/now/gamestop-great-company-massively-overvalued-220556101.html) +* Joseph Feldman -[ GME Price point $33](https://tdameritradenetwork.com/video/rB4A-Hc0Gd2BdzteIVoA1g) +* Matt Krantz -[ Gamestop Short Squeeze "Rebellion" is Game Over](https://www.investors.com/etfs-and-funds/sectors/gamestop-stock-game-over-reddit-gamestop-short-squeeze-sp500-rebellion/) +* Edward Woo -[ Gamestop Price Point $10](https://markets.businessinsider.com/news/stocks/gamestop-stock-price-prediction-reddit-trading-rival-competition-edward-woo-2021-4-1030297169) +* Telsey Advisory Group -[ Keeps $30 Price target](https://www.cnbc.com/2021/04/27/telsey-keeps-30-target-on-gamestop-says-we-still-dont-know-what-the-companys-plan-is.html) \- "We still don't know what the company's plan is" +* Yahoo! Finance -[ "They have space constraints in the store, their website stinks, they can only sell video games"](https://www.youtube.com/watch?v=fK-4cysjRUE) + * Myles Udland, Julie Hyman and Brian Sozzi +* Lawrence A. Cunningham - Crash in Meme Stocks looks likely +* Emily Stewart - Do meme traders need to be protected from themselves? + +\----- + +Overwhelming list huh? Be sure to check out the[ Apes Guide to Counter-FUD](https://www.reddit.com/r/Superstonk/comments/mm5azz/the_apes_guide_to_counterfud/?utm_source=share&utm_medium=web2x&context=3) + +* [Anti-FUD Tactics](https://www.reddit.com/r/Superstonk/comments/mmtshs/some_shill_fuck_tried_to_report_me_as_suicidal/?utm_source=share&utm_medium=web2x&context=3) +* [A Comprehensive Compilation of All Due Diligence](https://www.reddit.com/r/GME/comments/lj1wqv/a_comprehensive_compilation_of_all_due_diligence/) + +&#x200B; + +**Don’t ever forget how hard they tried to get you to move on.** + +Think of how much they have spent trying to get you to sell. How much do the paid shills alone cost in total? How much is that worth to you? + +&#x200B; + +[“Great moments are born from great opportunity.”](https://www.youtube.com/watch?v=tdmyoMe4iHM) + +They have the deep pockets. + +They have the technology. + +They have the experts. + +They have the experience. + +They have the resources. + +&#x200B; + +**And they’re still fucked.** + +9 out of 10 times, Wall Street wins. But not this time. +Basically as the title says, my father is getting old and having health problems, plus my 29 year old brother passed away recently and it's gotten him into the mindset that he wants to leave things behind for me. Im wondering on some more educated opinions on how to handle what hes going to do. + +First of all, I'm going to college for a degree in accounting and to get my CPA license. + +He has 3 apartment buildings (1: 4 one-bedroom apartments, 2: 4 one-bedroom apartments, 3: 5 two-bedroom apartments), 2 storefront properties, and a 2 bedroom one floor house. The apartments are in not-so great areas and also in not too great condition as well, apart from the 2-bedroom apartments which are fine. Id say overall they'd average $800 per apartment in rent asking price. The house and stores I don't know as much about but they're all in good condition. + +I was curious if his plan to sell them all and then give the money to me is a better idea than to keep the apartments/buildings? He says it's a lot of work to upkeep them and being a landlord is hard, especially when a lot of people dodge rent and evictions are difficult to manage in current times. He says it'd be smarter to take the money and it'll be there for me to purchase a house eventually and I can invest it as well. I just wanted to know the pros and cons of either alternative or if I should do something else entirely with the property? Thank you +I trade USD stock, so I have avoided Wealthsimple trade... +But does anyone have any alternatives for stock trading that doesn’t suck as bad as RBC does? Or is this simply what we have to live with in Canada? + +At 9.99 a trade you would think they could afford servers and quality devs +What I've seen people say: + +* They bought VERY at $0.25 and are rich. +* They have businesses everywhere ahhhhhhh free money + +Well, here is the actual DD. + +[from their latest quarterly filing ended Sept 30](https://preview.redd.it/nw5br6oa9d461.png?width=1006&format=png&auto=webp&s=83daf30f21b2fbd0161c753911770cb604e3b990) + +So above sums up their holdings as of September 30. Filed late November so it's the latest info. + +(using prices as of close on Dec 9) + +6m shares of JTR x $0.05 each = approx $0.3m + +0.2m shares of VERY x $10 each = approx $2m + +0.7m shares of GDNP x 1.25 each = approx $1m + +So looks like they have about $3m to $3.5m worth of investments. And these are their major holdings. The prices of these can increase in the future. + +They have $2.5m of other types of assets (non securities). This puts them at about $6m worth of assets and almost no debt. Net assets of $6m. + +Per CSE, they have 19m shares issued. So if each stock is $3, that's $57m valuation. + +&#x200B; + +**TLDR**: At $3/share, you'd be paying into a company that's worth $6m right now selling at $57m. This is why they're pumped. And I was being awfully generous in my valuation. + +The value of their investments can go up. But these investments need to be 10x the current prices to justify the valuation (57m/6m = 9.5x). + +The correct valuation in my opinion should be closer to $0.30 ($6m value / 19m shares) plus premium based on expectation of growth. + +&#x200B; + +Having said that, you could make money from the stock because markets are not rational and we see that for every meme stock. But there are meme stocks that have strong fundamentals, and there are meme stocks that are straight up pumps. + +This DD took me less than 2 minutes for me to do and 20 minutes to write it all out. + +Obviously I'm not perfect so open to feedback. + +&#x200B; + +edit: forgot to mention you can also just buy their investments directly yourself. I personally own GDNP because it's got insane potential. + +Hope u guys enjoyed it and sorry if you owned EATS. + +I'm just going to revert to my autist self and get pumpin n trollin :) +Finding an off the plan apartment where the developer are encouraging buyers to put their deposit on a 6 month AfterPay arrangement feels like an example of unethical lending. + +Not to mention they are spruiking two different types of government housing stimulus, it makes me feel like the housing bubble is definitely in a pretty precarious bubble fuelled by relaxed lending. + +https://www.allhomes.com.au/39-braybrooke-street-bruce-act-2617?tid=179201129 + +EDIT: *a 5% off the plan apartment deposit, damn titles. +Hey guys, posted this in the daily thread but it turned into an essay. Just some ideas on how to approach a trade and how to avoid unfortunate ones. + +This was a response to Suge's useful post here: + +https://old.reddit.com/r/ASX_Bets/comments/n6tc6l/weekend_thread_for_general_discussion_and_plans/gxc7sva/?context=3 + +To build on that, a broader issue here is the tendency for newcomers - those with less than two years' experience - to enter a position without formulating a game plan, or without considering where the price action of a stock is in relation to its cycle. + +A good example can be drawn from virtually any of the meme stocks that are discussed to death here - DW8, LRS, IXR, IVZ, RAC, whatever. All of them maintained ideal bullish setups from January, and some from much earlier. The momentum carried through, more buyers piled on, and the growth began to accelerate. All of them entered euphoric trajectories at some point, most making 25-35% runs in a single day during their April peaks. + +This is where the smart money leaves, and only for two simple reasons. + +Firstly, they understand that vertical movement is not sustainable. At some point the buyers will dry up and the extremely short term timeframe will reverse at the top of a parabolic move. The market conditions will therefore change: those who are the least greedy, as opposed to the most greedy, will now make more profit. As this same smart money tended to enter earlier, they also tend to hold larger positions which, when dumped, create the large wicks of profit taking that we see on the tops of all of these charts. + +Very few of these same people are now looking to reenter - they know that the market will slowly accept these new conditions, and consolidation will begin. This may be healthy consolidation that breaks out into more upside later, like in DYL (which I hold), consolidation that breaks down (i.e. LKE) or dumps through the floor as we saw recently in XST, BPH and 88E. At any rate, they understand that the conditions that they bought into - bullish setups with relatively little risk - have changed, and they adapt their game plan to it. This generally involves sitting on the sidelines and waiting for signs of a bottom or signs of more upside. + +Below is an example of this on the DYL chart: + +https://imgur.com/a/hpuaABV + +We see the blowoff, the predictable consolidation, and continued retest of the 0.610 floor. The pumps are decreasing in size as holders relinquish their shares for less than others did in recent weeks, creating the triangle, and the range of trading tightens as the volume drops. This is the market bracing for a decision to be made one way or the other. We see the bull break on 3 May with volume - this is the signal to get back in, as the risk to reward ratio has swung back in favour of the bulls. The game plan is clear - take a position with stops under the 0.610 floor, and extrapolate a price target by adding the distance between the high of the triangle to the point of breakout, which is 0.910, a 50% gain, where profit taking will likely take place. + +Secondly, and this is the much more important point, the smart money understands what these kind of stocks are. They are extremely speculative stocks with low volume that are listed on what is, frankly, a fairly backwater exchange. This means that the shareholders are likely to receive less news, they are more likely to receive bad news when announcements are released, and the price action of the stock is likely to be more influenced by this news - which is, again, more likely to be bad in comparison to more established companies - when it is released. As the trading volume is low, this also means that the market's reaction to the news will be more decisive, resulting in more volatility, especially to the downside. + +In other words, these stocks are NOT ideal for investment. By this I mean that they are, inherently, ideal for traders who are disciplined in terms of their strategy, and willing to offload and wait patiently when the market conditions change. The WORST way to trade these markets is to enter without a plan, after the smart money has left to bullish setups when consolidation has begun, and hope that the stock price will rise. Remember the context - all of the names above ran hundreds of percent at the beginning of the year. The odds of them even returning to previous highs again any time soon, only a month or two later, are extremely low. + +You need to wait for signs of returning strength. Throwing money into a stock to average down is not investing, it is gambling, where the signs of a trend reversal are not there. If you are hoping that the stock will become the next LYC or CHN, then that's fine. But you need to be able to explain why it will be, and why you are correct where the banks and other institutional investors are wrong. + +In summary, you should develop a plan before you take any position. This may be as simple as an exit point, which is generally below a key support at the previous low, and a point to take profits. A popular strategy used by institutions for the latter is the rule of thirds - at one point, sell a third of your position and carry the rest. If the market continues to show bullish setup, consider revamping your strategy. If the setup indicates that consolidation is overwhelmingly likely, like in the euphoric circumstances above, consider taking profits and waiting patiently to see what eventuates. + +I can't guarantee that you will make profit, that is up to you and the decisions you make. But I can guarantee that thinking in a strategic fashion, thinking about the investments you make and the when, where and why's of it all, and taking steps to protect your capital, will help you remain profitable in the long run. Implement a plan, remain vigilant, and get that fucking bread. + +Edit: typo. +https://www.bloomberg.com/news/articles/2017-05-16/rich-retirees-are-hoarding-cash-out-of-fear + +This oughta get your blood boiling. + +"Browning’s suggestion is that financial planners urge their thriftiest clients to make big purchases–like a second home or a fancy car–before they retire, out of their pot of savings. The idea, he said, is 'training people to spend.'" + +Really, Nana? You want to be prepared for worst case scenarios, leave an inheritance to your grandchildren, and make donations to causes you care about? Screw you, buy a Mercedes, you're ruining this for everyone. +Hello, recently I got a offer from a company with a handsome package and I decided to discuss about my financial management with my dad. +I am 24 and been reading and following r/india investments. I told my dad about investing in mutual funds to which he says that chit funds are better than mutual funds. +He told if we invest a total of 75k in a period of 20 months without picking the chit during period then At the end of 20th month we would get 1 lakh. +that's 15k guarantee where as mutual funds returns are completed based on the market. +What do you guys think? IT tax savings is already covered, so please suggest interns of money growing. +Thanks! +In this article written by Emma Panttee she says, “Being frugal and working hard may have saved me some money — a lot of money — but frugality is not what enabled me to be financially independent. I owe my financial independence almost entirely to being lucky and being advantaged.” + +https://thefinancialdiet.com/why-i-joined-then-left-the-fire-movement/?fbclid=IwAR0YJkcnXriDXEaIfZky2vDYdclw_qjQHizBrpW_lJbVvCChV94vQHbN9hM +Ok where do I start... + +Alright, a little about me: I'm an 18 African-American female brought up in an abusive family. I went snooping through my father's email and found a 'friendly' eviction draft dated for September 2017. Like.. holy fuck this is really happening and I have to get out. I only have a debit card and I don't have a credit card or any debt/loans. I thought I had savings bonds, but my father cashed them before I turned 18. + +I currently work retail and make $9hr. I try to get scheduled for 30-32 hours every week but they will not give me more. I've tried applying to call centers but I have a heavy lisp and I believe this is causing me to fail interviews. I don't know what else pays higher than $9hr for highschool graduates. I don't have my associates (yet). + +I need to enroll in community college. I tried applying to my local college online? but I'm not sure if I have classes or not as I haven't received an acceptance email. The application also asked for two $25 fees but it didn't give me an option to pay for it after I put in my FAFSA information. I'm so confused I think I got rejected because my 2.4GPA is too low, it really sucks because I wanted to take some of their art classes as I've been told my art is [decent](http://orig07.deviantart.net/090a/f/2017/107/7/7/together_by_rouzani-db67snx.png). I don't have a phone because I'm trying to save money otherwise I would call. I don't know what to do. + +I don't know how much I'm getting from the FAFSA. Is the Pell grant a monthly thing? These were the results of my application: + +> Based on your EFC of 000000, you may be eligible to receive a Federal Pell Grant of up to $5,920 for the 2017-2018 school year provided you have not met or exceeded the lifetime limit established for the Federal Pell Grant program. + + +I don't have my license or permit and I need to purchase a car so I can have transportation. I looked on craigslist and they're cheaper than the dealership but everyone keeps telling me to not do it? There are some cars for $800-$2400 and I can buy it right now and have that part done. Your sidebar recommends saving up $5000 for a good car but I don't know why when there are cheaper cars? Is there something I'm missing? + +I don't know how to get an apartment. Part of my father's letter states I must take my pets with me, so I'll also have 3 small housetrained pets. Will this hurt the lease? Can I setup a direct deposit with the apartment's landlord so I can pay my bill on time? + +Thank you. + +**Edit 5/1 11:29** Thank you! I didn't expect to get so much advice and guidance! I have to work in a few hours, but I'm currently going through and writing a pro/con list. I've also applied to about 5 jobs since last night and plan on doing more after work. I won't join the military/Air Force on a whim but its certainly something I'm considering. I'll talk with a recruiter. + + A few people have asked me to update in a few months so yes I'll do that too. +While a police report have been made against Do Kwon, on behalf of UST and Luna investors in Singapore, CZ is publicy asking on twitter where the BTCs are, that were supposed to buyback Luna. + +But in the meantime Do Kwon making proposals to fork a worthless coin on a wortless chain? He is supposed to pay whats left back to the investors, but all he does is working on a second version, that is not containing any concept or priority on making anyone whole again. This is starting to smell pretty fishy. Is this rapidly turning from a failing algostable into a fraud? +Hey all, first time poster but need some help/ advice +I’m splitting up from my girlfriend and will be looking to buy her out of our flat and take it on myself, +Legally what is she entitled to in terms of a share of the property. We both put equal deposit in and used HTB so I understand she’s entitled to half the equity in the flat unless mistaken? Or is it half of what has been paid off? +The trickier one is then we bought everything pretty much 50/50 such as furniture etc, does she have any right to this/ is there a legal way to settle this, + +It was her who wished to split but part of me doesn’t trust her in what she’s saying as she is a mortgage broker herself and I feel I need a second opinion on it all! + +Thank you all In advance and any help is greatly appreciated! +Ok retards are buying it with this stupid pumping of this stock with the fantasy of this becoming the next afterpay of SE ASIA? + +For people who actually that thick, can take a step back. Look I know deep down alot of you on this thread are on stock. But fuck you with your stupid 400% gains. also that guy that has been buying up JXT and constantly mentions it on every thread, daily. You know who you are... Fucking well done holding and making gains. + +Ok back to real discussion, I am just typing more nonsense now because many of you skim this shit anyway I am going to post some of the real competition that IOU has to face before even trying to have slight marketshare. Don't even mention the Easystore deal, wtf is up with that? they have like 40 other payment platforms. + +Ok first up on the list is Grab pay. Oi, so you think these boys at Grab, which is backed by fucking softbank. You think they are not sussing what the western market trends are every couple weeks, to see what they can move into SE Asia? Well. you honestly think Afterpay BNPL is an invention from downunder? probably. Could be, but that's not the point. + +**GRAB** + +Ok if you fuckers ever went to Bali or any other country like Thailand would know what a gem this little fucker of an app it is. for it's ridesharing and ubereats style deliveries to your apartment. Well they also do payments with the app, as in countries in southeast asia use it to pay for services. + +Ok so why am I rambling about Grab? Well. + +Grab has introduced something called GRAB PAYLATER I mean why would you even bother, like it's like trying to, why even bother. Grab dominates SE Asia with all these services. think amazon but. Grab is like what you use in SE Asia. + +https://preview.redd.it/sieqhdd32vh61.png?width=2858&format=png&auto=webp&s=c8db87a86f143e43a091ac1b608e01c7c80edcbd + +This is an important photo click on it if you cant see it because you're probably in the toilet scrolling. + +Also Atome, another player in the BNPL in SE Asia + +https://preview.redd.it/but8ekpg2vh61.png?width=2858&format=png&auto=webp&s=6d6ee0b1b4c5eef0da1de2e0098d663790aa3c0f + +Like in summary, if you're thinking the SE Asia doesn't catch onto trends and are like 5 years behind. that's straight up not cool. + +Split also another player in SE Asia. + +https://preview.redd.it/8jh3kym93vh61.png?width=2858&format=png&auto=webp&s=c5253958301c27f2aee260e6c54cd086c5d07744 + +Also + +https://preview.redd.it/zetclqli3vh61.png?width=2860&format=png&auto=webp&s=7268e482fa05f519ad7baab7292361cafbd85f8d + +Easystore has over 40 payment gateways? so wtf is this massive pump over this announcement like big deal? straight up wtf you think they are going to take like 4% market share and make revenue I have no idea how some of you predict the potential of this company. But Grab. Remember it. they will not give anyone a chance, + +This is my DD in why I think IOU is retarded, and why entering this stock now probably will get you burnt at the current SP. + +Again you are the retard do as you wish. I am not a financial advisor. Also Asic if you are ready this, why on earth are you reading this lmfao? + +If someone can prove me wrong I will but $1000 on the dildo stock DLC, like with a proper analysis on why they are so bull on this company where I am yet to see an app with ratings and downloads on? + +Yes I know it's 3am and it's past my bedtime. +So, I’ve watched the hysteria surrounding lithium like a true cuck and haven’t bought a single share. I remember suggesting LKE to a mate of mine as an idea for us to jump in on back in February (I’ve checked the date in messages) and yet here I am today, still without a share - yes, my Wife’s out with her boyfriend hence me being able to write this novel. + +I’m after some genuine reasoning why, or why not to jump on at what feels like a late stage. I’ve done my own research before some boomer from HC jumps on my post with a “DYOR” “Gltah” “Tree Shakeout” BS, and can see the outlandish potential Lake has with Katchi. + +There’s a 45 page document on Lake’s website suggesting the potential for a target SP upwards of $6.50 by by mid-2025 and that has my FOMO juices flowing because I’d still be well in the money if that eventuates. + +I understand the Lithium supply demand thesis over the next 10 years too. + +TLDR; I’m a dumb fuck who’s missed the boat (thus far) on LKE and all other things lithium. Reason with me where this trains headed/what hurdles derail the train +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) +https://www.bls.gov/news.release/cpi.nr0.htm + +You can see a very specific breakdown per item here: https://www.bls.gov/news.release/cpi.t02.htm + +> The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.8 percent +in February on a seasonally adjusted basis after rising 0.6 percent in January, +the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, +the all items index increased 7.9 percent before seasonal adjustment. + +> Increases in the indexes for gasoline, shelter, and food were the largest +contributors to the seasonally adjusted all items increase. The gasoline index +rose 6.6 percent in February and accounted for almost a third of the all items +monthly increase; other energy component indexes were mixed. The food index rose +1.0 percent as the food at home index rose 1.4 percent; both were the largest +monthly increases since April 2020. + +> The index for all items less food and energy rose 0.5 percent in February +following a 0.6-percent increase the prior month. The shelter index was by far +the biggest factor in the increase, with a broad set of indexes also +contributing, including those for recreation, household furnishings and +operations, motor vehicle insurance, personal care, and airline fares. + +> The all items index rose 7.9 percent for the 12 months ending February. The +12-month increase has been steadily rising and is now the largest since the +period ending January 1982. The all items less food and energy index rose 6.4 +percent, the largest 12-month change since the period ending August 1982. The +energy index rose 25.6 percent over the last year, and the food index increased +7.9 percent, the largest 12-month increase since the period ending July 1981. +Got a letter in the mail from Jefferson Capital for a US Cellular debt, that charged off in 2011, that's right...11 years ago. + +Says in the letter: while we cannot sue you or report this to your credit due to the age of the debt, we encourage you to pay it. + +Ya...no. +I have a small holding of DIS, 10 shares to be exact. Bought them at $113/share. I’ve enjoyed the growth but I really prefer dividend investing. + +I’m in my young 30s. No kids. Small business owner. No debt. My current goal is to hit $1000/year in dividends, currently at $700/year. + +I want to sell the DIS and invest the money in VZ, O, SCHD, or JEPI. Only thing stopping me are the tax implications. + +Am I over thinking this???!!?? Thanks for the advice or comments! +I'd be interested in people's decisions who have had the option to choose between VHCOL cities like NY or SF and Burb life (or WFH move anywhere if applicable) . Why did you choose one path over the other? Have you been happy with your decision or not and why? How did family size affect your decision? + +I live in NYC right now and work in private equity. I love the city but really have no strict reason I need to work here anymore as my group is chill and can WFH anywhere. + +I have been leaning toward staying in the city to buy a townhouse, but I simultaneously feel stupid thinking about the beautiful, elegant traditional homes I could get elsewhere (pretty much anywhere in the US). + +I have one baby now and expect my family to grow in size to 5-6 over time since I'm still young and catholic, so ya know... It's gonna be a bigger family. + +All opinions welcome! +Sorry about this one - quite a morbid topic. + +A 61yr old acquaintance was just diagnosed with stage 4 prostate cancer. Prognosis is 29% survival after 5 years. + +If money is no object (it ain't) can you advise of some regular scanning protocol where one can spot tumours at an early stage? Something not very invasive yet comprehensive perhaps? + +Mods: this is a FATfire question as these things tend to be very pricey. +Be warned, SoEnergy tried hard to entice me to sign up for a new 12 month contract when my current one expires. Currently pay 2.86p/kWh and the new rate would be 9.7p/kWh. + +I asked how much will my gas be if I do nothing when my current fix expires and they said 3.96p/kwh. So if I do nothing and the price cap goes up by 100% in April I'll still save money by doing nothing. + +Be careful about signing up to a. new deal at the moment! +I opened up a High Yield Savings Account this year with HSBC. The annual percentage yield (interest rate) started at 2.05% but has been on a downward slope since January. I've documented the progress below. Overall, 1.01% is still better than nothing but HSYA have definitely lost some appeal for me. + +&#x200B; + +https://preview.redd.it/dqzl11jroy451.png?width=243&format=png&auto=webp&s=db7c8da015395cc49cfa24c6a63f7ffd0a9b17df +One part of lavish for me is not being frugal. I know there is a cheaper way to get the same thing, but due to the experience, or convenience, or simply because I enjoy it, I do the more expensive one, even though it is not economically rational. + +I can't be alone in this sub-reddit with this behavior. + +So what things do you spend on that you know you could have gotten a better deal on and why do you do it? +Hi everyone, first time poster on this sub from a long time lurker. Posting on a new account that I’ll be using from now on only for financial subs. + +.5M net worth not including real estate, but I have a 7 figure yearly income and plan on saving about 600k / year from here on out. I started at just over 100k four years ago as a software engineer at a prestigious non-FAANG company, and have managed to claw it up to 7 figures by getting promoted quickly twice at the first company, and now twice at a FAANG company; putting me at a 7 figure L7 income. + +Anyways, I was talking to a distinguished PE who was annoyed at a project getting cut and was thinking of quitting. I mentioned to him that I have golden handcuffs and can’t leave, and he laughed and said that I had no idea what golden handcuffs really means, and that I was getting paid a fair income for my level. + +I have a bit over 1M in unvested stock that will vest over the next 2.5 years, and expect a nice fat refresher grant of about 500k in Q1 2022 (my upcoming promotion won’t be official until next year). Is he right that this isn’t really golden handcuffs? I realize that anyone could win a lottery ticket at a very early stage startup, but these feel like golden handcuffs to me relative to the norm. + +Edit: The post previously said I was getting promoted to principal engineer, but I updated it to L7 to avoid ambiguity and misrepresentation. +12 years ago in 2010 a fellow named Gavin Andresen created the first cryptocurrency faucet; he made this simple website giving away 5 bitcoin ( not a typo FIVE) just for solving a CAPTCHA. It has since been archived and what is crazy was that the snapshot on that day showed that there was still 750 Bitcoin to give away. 5 Bitcoin is basically 100,000 USD in todays price and at its all time high this would had equate to 325,000 just for visiting a website. More than likely you could had just visited once everyday or even more + +&#x200B; + +https://preview.redd.it/8g6z5o277xl91.png?width=1031&format=png&auto=webp&s=d5146a3f3b0885c17cf1a67f89149de3ca5c2abb + +From wikipedia source: Gavin Andresen is a bitcoin pioneer and was one of the few developers that actually developed alongside with Satoshi Nakamoto who declared him as the lead developer for the client bitcoin software. Been quoted, "Bitcoin is designed to bring us back to a decentralized currency of the people," and "this is like better gold than gold." He also conceived of the Bitcoin Foundation but sadly he stopped contributing in 2016 and criticize bitcoin developers for not increasing network capacity and later got involved in bitcoin cash instead. + +Anyways thought I shared a bit of fun history to lighten up the mood a bit. + +source: [https://web.archive.org/web/20100703032414/http://freebitcoins.appspot.com/](https://web.archive.org/web/20100703032414/http://freebitcoins.appspot.com/) + +source: [https://en.wikipedia.org/wiki/Gavin\_Andresen](https://en.wikipedia.org/wiki/Gavin_Andresen) +My parents recently hired a money manager who invested in VIPAX - Virtus Premium AlphaSector A. + +It seems to have fallen by about 20% today, and I can't seem to find any info about why. Does anyone know what's up? Anything would help calm them down. Thanks. +Im currently 32, living in the UK (close to London). I've worked for the same company for the last 10 years. Its a construction company. Started off as a labourer, then moved onto the tools, now for the last 4 years I've had an office role as an estimator. + +I started on 20k, and I've worked my way up to 40k. + +Since becoming a "professional" I've joined LinkedIn, and I have been inupdated with job offers. These generally range from 50 - 70k. + +I practically had to beg for my last pay rise, which was from 35k to 40k at the start of the year. I don't think I'll get a big jump in pay for the next few years. My director has already told me, that he can't promise me anything in regards to further promotion. This is not that he does not see potential in me; its that its a growing company, and promotion will be based on if there is successful growth. + +I'm finding it difficult to stay productive knowing that I could be making much more elsewhere, but after being with a company 10 years I feel loyalty is holding me back. I'm currently 32 and feel this is the time when I should be really earning. + +Anyone else been in a similar situation? + +UPDATE: +Thanks for all the responses, it's much appreciated. Wow, pretty much everyone is saying jump ship. I think another factor which is holding me back is job security. Not having the confidence to take that chance with another company in case I can't perform as they'd imagine and I get let go. I think this is something which has held me back all my life actually. + +FINAL UPDATE: + +Wow, the responses have been overwhelming, thank you. I've decided to go ahead and openly explore any opportunities which come my way. As I'm still currently in a job, I've got the upper hand, and can seek out the right career path without being forced in any hasty decisions. I have taken alot of your advice on board and I will ensure to safeguard any potential moves with contract agreements. It seems that switching jobs regularly, is not only beneficial for financial reasons, but also for expanding my skillset and network. Its opened my eyes to the actual risks of staying in the same place for too long. Anyway, thanks guys. +UPDATE: New FTDs and SI are available for early april. All figures have been updated and some text where relevant[.](https://preview.redd.it/8r7jsff0icw61.png?width=4500&format=png&auto=webp&s=65356fa29f7d2a67acf0ec97f17bbed432d74b07) + +In my recent post [The naked shorting scam in numbers](https://www.reddit.com/r/Superstonk/comments/mvdgf5/the_naked_shorting_scam_in_numbers_ai_detection/) I looked at options activity that could be used for mass naked short selling (Deep ITM calls and married put trades) and weird OTC trade data for GME in 2021. Since then I've taken another look at the ETF data to help complete the picture. + +**TLDR**: Short positions were shifted from GME to related ETFs after the Jan mini-squeeze. XRT and IWM were the ETFs of choice in Feb, in march dozens of ETFs have been used. As reported SI decreased in GME the ETF IWM had simultaneous increases in reported SI. Total value of reported SI (GME + ETFs) remains as high as ever at 27+ billion dollars owed. Hiding FTDs and SI in ETFs must be massive ball ache and does nothing to solve the short problem. + +*^(Note: this is not financial advice. I am not a cat. I gathered some data, made some figures and tried to understand them. Any number of my interpretations could be flawed and wrong. Do your own research, make your own mind up.)* + +# Introduction + +Back in Feb the apes felt cheated. Robinhood and other brokers blocked retail buy orders at the end of Jan 2021 and GME price crashed back down. The media claimed GME was over. Other subs and paper hands laughed at the 'bag holders' and I can't have been the only one to think maybe I was crazy to be hanging on. That was until the DD started to flow and we found shorts shifting their positions to ETFs. + +DD apes like u/ahh_soy started to find [massive short interest in GME containing ETFs](https://www.reddit.com/r/GME/comments/ljwo3v/serious_researchers_needed_now_i_think_i_know/). XRT was a main EFT of interest back in Feb. Here is a [Baron's article describing how ETFs can be used to short specific stocks](https://www.barrons.com/articles/synthetic-shorting-with-etfs-1488206009) and another [academic paper for further reading if interested](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2836518). + +With all the great DD work since then we now know that GME short positions are almost certainly being hidden in ETFs and using different types of options fuckery. I left out analysis of ETFs in the past because it can get complicated but a [recent post](https://www.reddit.com/r/Superstonk/comments/mvvmvp/time_to_expose_the_shell_game_ftds_can_be_reset/) by u/augrr inspired me to take another look. + +# ETF Fail to Delivers + +I selected GME and 19 ETFs containing GME. I chose to only look at the ETFs that contain the most GME shares and had large numbers of FTDs in 2021. + +&#x200B; + +[Total FTDs for GME and selected ETFs in 2021 with GME close price overlaid.](https://preview.redd.it/8r7jsff0icw61.png?width=4500&format=png&auto=webp&s=65356fa29f7d2a67acf0ec97f17bbed432d74b07) + +Notice in this plot that GME made up most of the total fails throughout Jan 2021. As price spiked during the Jan mini-squeeze GME FTDs decreased but FTDs in all ETFs spiked. + +Interestingly XRT and IWM had the most fails throughout Feb. After the apes learnt about XRT and IWM fails at the end of Feb FTD fails started to be spread across a multitude of other ETFs. If managing FTDs in GME was a pain in Jan imagine the poor fuckers who now need to keep a lid on FTDs across 20+ GME containing ETFs. + +Edit: Early April data now included. IWM again seeing the most fails of all the ETFs but FTDs continue to be seen across many of the other ETFs. + +&#x200B; + +[Total Value of FTD fails for GME and selected ETFs in 2021 with GME close price overlaid.](https://preview.redd.it/nb4p4mq2icw61.png?width=4500&format=png&auto=webp&s=0bfc03d39c23f228f289b972fbca0d555632591f) + +This plot is similar to the previous one but now looks at the total value of FTD fails in dollars. Here we see that even though GME FTDs were very low in March the total value of ETF fails was comparable with the total fails seen in early Jan. + +Could the massive spike in IWM fails at the end of Feb be what led to the price run up in early March?? + +&#x200B; + +[Total FTDs for GME and selected ETFs since Jan 2020 with GME close price overlaid.](https://preview.redd.it/01feidw6icw61.png?width=4500&format=png&auto=webp&s=71cbe0f0112fa2b72eccd32950334f5c98a8c1d7) + +Here we see the GME and ETF FTDs since Jan 2020. Because there has been such an exponential change in GME share price over the last year I'm using a log scale here. + +&#x200B; + +[Total FTDs for GME since Jan 2020 with GME close price overlaid.](https://preview.redd.it/fqkc18s9icw61.png?width=4500&format=png&auto=webp&s=a4bfa72910ed35de96684b6f16b7730adbaa3451) + +[Total FTDs for selected ETFs since Jan 2020 with GME close price overlaid.](https://preview.redd.it/8dbke22cicw61.png?width=4500&format=png&auto=webp&s=af50d6cc11489c5a41bc1d949005aafd2153fb30) + +These 2 plots are the same as before but just separating out GME and ETF fails to make some of the observations clearer. + +A few things of note: + +1. GME FTDs (light blue) emerge in 'clumps' with many fails over successive days +2. The time between GME FTD clumps can range from a few weeks to even a few months before exploding again (relatively few fails between May and Sept 2020) +3. Of the ETFs IWM has the most fails, occasionally reaching 8 million+ shares failed to deliver +4. IWM FTD spikes appear to follow spikes in GME FTDs. The exception being huge IWM FTD clumps in June 2020 despite there being not so many GME FTDs. +5. Fails across all GME containing ETFs have been consistently large throughout March even if GME FTDs were reported to be low. + +Edit: Some further observations. GME price seems to move with spikes in GME FTDs but also often with ETF FTDs. Look for example at big spikes in IWM FTDs and GME price movements in 2020 and at the end of Feb 2021. + +# ETF Reported Short Interest (SI) + +W can also look at reported short interest for the GME containing ETFs. The shorts are completely fucked if they let the true short position in GME be know. This is why they've gone to such lengths to make the GME short position appear so low. However they're unlikely to be able to manipulate the reported SI across all the GME containing ETFs as well. + +These plots take a look at reported SI for GME and the selected GME containing ETFs. + +&#x200B; + +[Reported SI as number of shares sold short for GME and selected ETFs.](https://preview.redd.it/xrmdwd1kicw61.png?width=4500&format=png&auto=webp&s=534ebe05a0257738b5dfd988346ac2d59474cb84) + +The total number of shares reported to be sold short for GME and ETFs remained fairly consistent throughout 2020. At the end of Jan 2021 GME SI was reported to drop significantly but at the exact same time we see an increase in the number of IWM shares sold short. + +Edit: With the new early April data we see even more short interest for IWM then in March. + +&#x200B; + +[Total value of reported SI for GME and selected ETFs.](https://preview.redd.it/9rh6wzplicw61.png?width=4500&format=png&auto=webp&s=956a1e158b5a6381b6492178f75a1b234f9c2b3f) + +With the shift of SI in GME to IWM the actual value of reported SI has not decreased in any meaningful way. Approx 27 billion dollars worth of shares are reported to be sold short for GME and the selected ETFs. + +Edit: With new early April data the total value of outstanding SI for GME and all ETFs is now greater than 30 billion dollars. + +# Bonus: Exponential price increases since RC declared his GME position on Aug 18th 2020 + +[Exponential price increases in GME since Ryan Cohen revealed his GME position.](https://preview.redd.it/ldlw7maf7bw61.png?width=3343&format=png&auto=webp&s=eadce2d1b1650baa6ac6175bc9d5ef716429be53) + +This plot isn't related to ETFs but I thought it was interesting enough to include. + +In the first half of 2020 GME share price remained pretty flat, even slowly decreasing in value. On Aug 18th 2020 Ryan Cohen revealed his GME share purchase. Since then GME share price has increased exponentially. Even with current prices and sideways trading we remain on this exponential trajectory. If this were to continue then prices would naturally reach the realm of a margin call. + +# ETFs with GME in April 2021 + +[ETFs containing GME. Total dollar value of GME and &#37; allocated to GME.](https://preview.redd.it/6z7iur95cbw61.png?width=5400&format=png&auto=webp&s=081c91738218e38a847aae0d08537b98321e3ed3) + +Not much to say about this plot but it contains info on all GME containing ETFs as of April 2021. Could be useful for other people to use when starting a DD. + +# Conclusion + +This data appears to show a shift of short positions from GME to related ETFs after the Jan mini-squeeze. XRT and IWM were used the most in Feb before the apes caught on. Did the shorts then switch to 20+ other ETFs to hide their fuckery again? This is definitely possible as the ETF FTDs seen in March were much larger than typical values in 2020. + +As well as FTDs being shifted we see evidence of SI being shifted from GME to ETFs. The main ETF used here appears to be IWM. Total remains as high as ever at 27+ billion dollars owed. + +The short fuckery being done with ETFs as well as [what we've seen using options trades](https://www.reddit.com/r/Superstonk/comments/mvdgf5/the_naked_shorting_scam_in_numbers_ai_detection/) paints a clear picture of manipulation on the short side. All of these efforts reek of desperation from the shorts as their only hope of escape is making apes scared or bored. But I ain't going anywhere. ***I like the stonk***. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +Im a 30 year old single man, current networth **643k**, work part time night shift as an RN but pick up extra shifts. Base 67$ an hour, plus 4$ night differential. Here is a more in depth description on my stats from a previous post of mine. [https://www.reddit.com/r/Fire/comments/nmv8hv/update\_on\_my\_fire\_journey\_609k\_networth\_age\_29/](https://www.reddit.com/r/Fire/comments/nmv8hv/update_on_my_fire_journey_609k_networth_age_29/) + +According to networtify, I have 7.6 years of work left. I recently started a side hustle of SEO and affiliate marketing website. But geez, its looking pretty grim. The amount of work needed to make a decent profit is not sustainable, at least while working another job. I'm way too tired and low energy to put up with the unnecessary stress. Its definitely possible but ideally I could start making at least 500-1000$ a month from my website in 3-4 years. Even so....I would have 3 years left of work at that point, so whats the point? + +I don't have a passion for what I'm doing. In the current SEO/affiliate marketing space, its all about drawing attention and getting that web traffic. I need to make posts like "The 5 reasons why x is better than y!" & "The number #1 way to be productive/get rich!" This is not what my website is about, but just an example of how toxic the things I need to do to succeed. At this point I'm thinking about just making it a hobby so I can create and put out content about the things I really what to talk about, not for solely earning a profit. + +I just want to retire early, I dont care about anything else. Its strange, the more my networth increases from my main job, the less motivation I have to work on my side hustle. People like Elon Musk, Jeff Bezos, and other small time entrepreneurs actually enjoy their work. Of course, many do it for power, for women, for money. I just realized they are genuine workaholics or very passionate about their field. I on the other hand, do not have this passion, therefore the more money I make, the more I see it is not necessary to follow this "hustle culture" of filling my day with 24 hours of nonsense. + +As my networth increases, my main job becomes more tolerable. When co-workers, management or patients give me a hard time. Its almost comical, I act like a passive pushover, and let them have their way. Pure pretending. But inside, I'm snickering, "Haha, in 7.6 years, Im FIRED suckers!" They try to make me get angry/assertive, any type of reaction, but they cant, lol, which makes them even more frustrated. + +Last year I made about 125k annual salary. My job has already started winter incentive pay of $400 for an extra shift, they are desperate, low staff, low morale,many older nurses retiring, many dont want the vaccine, the mandatory vaccine is gonna make many nurses quit. Why should I invest in a side hustle, which has no guarantee of succeeding, not very fun and the fact that if it does become successful in 5 years, I already have 2 more years before I FIRE, its pointless...Might as well just work overtime at my my job, probably can pull 150k a year and FIRE even sooner?? + +FIRE has destroyed my motivation for side hustling, its unnecessary unless you truly have a passion for what you are doing or you are a workaholic. Did anyone else come to the same realization as me? +I see people on here claim things like this and I'm not seeing how it's possible. + +8% annual returns is considered pretty good. 2% a month works out to 27% annual returns. You're looking at what professional investors make in 3 years. + +What's the catch? +I've been selling weekly CSP on Mondays and they expire on Friday. Occasionally, I will go out two weeks but there can be so much price change over the weekend, I find it less stress to take off the risk and not be in the market over the weekend. + +I've recently seen a few recent posts by people saying they sell their weekly CSP on Friday or other days and I'm trying to figure out if that is better somehow. I understand one more day is more theta for the premium but the potential change over the weekend makes me concerned. I will trade on Friday to close out positions or for CC if I need to roll out to a later date but other than that, not usually a Friday trader. + +Thoughts? +So my (24F) mum recently sold her home and was unable to get a loan for another home due to bad credit (I think) and is now considering getting a loan under my name. I do not live at the home (I live at my dads). She doesn’t work but has owned a home for 20+ years. She has a deposit of a little over 100K to give as much as I want to help before it goes to zero I am concerned about this damaging my name down the road. + +What are the benefits/risks of doing this for me and what should I be wary of? I do of course intend to buy my own home in future. I have 5 siblings and the home was initially meant to be passed down to us all one day. +They way I understand it is that when (and if) I reach 65 y/o (or whatever the legal pension year will be), I will receive pension from each country I have lived and earned a pensionable income as well as paid my taxes in.. + +The company I work for is also offering matching contributions. So if I contribute 5% they will match it up to 7%. I'm considering maxing this because it is basically free money and I wont need it until I retire. + +Also, this is perhaps a weird question, but I have like 35-40 years left to retirement.. What if the EU doesn't exist at that point, will I still have access to any money that I contribute towards retirement? + +(I'm a but skeptical about government retirement to say the least, I prefer to save and control my own money) +Hi all, my husband and I are ttc but as it looms closer we're starting to worry about money. He is on roughly £1500 a month and I'm on around £1450 on a bad month up to £1800 on a good one (commission) + +As far as I know I'm only entitled to £151 SMP and the usual child tax credits. + +We have a mortgage of £443 a month, £237 Council tax and then all the usual bills including an owned car and a leased electric one for £285. + +Can anyone give any insight on monthly expenses etc and try put our minds at ease? + +Also any advice as to whether we can claim any other money when I would be on maternity? + +Thanks + +Edit: all in our bills are roughly £1780 a month then we save 400 a month on top of that currently +So I've been thinking a lot lately where I would draw the line if an investment is morally O.K. for me or not and I found that when it comes to investing, I care a lot less than in real life. + + +My only rule is that I don't invest in chinese companies and a few select companies I dislike, like Nestle. But I somehow have no problem investing in companies like apple, even though I know they are familiar with child labor. + +Where do you draw the line (if at all) and would you consider someone a bad person because of their investing choices? +Anyone have any direct experience with this kind of scheme: + +[https://www.businessinsider.com/countries-where-you-can-buy-citizenship-residency-or-passport-2018-9](https://www.businessinsider.com/countries-where-you-can-buy-citizenship-residency-or-passport-2018-9) + +It is worth it ? Could investment be transfered in a more tax-friendly country ? + +Interested in hearing other people experience on the matter. +Seeing as it’s more efficient, the industry is pretty untapped and new (I think), and the world will run out of oil in <50 years, it seems like a good idea? +Plus, there is a lot of political pressure for renewable energy, and it’s becoming more and more common. +When I heard he was imposing tariffs on allies, such as Canada, I immediately just assumed that it was dumb. Then I heard they tariffs on us first and were asked to stop before Trump did what he did but that was from someone that doesn’t know the situation that well. So my question is were they tariffing us first? And if they were why? How long? And on what? + +Edit: thank you to everyone that has responded, I think I get it now but if there is anything that you feel was messed please go ahead and explain it. +Why do a lot of people love to hate on QYLD? On the surface it seems like a great Dividend Stock. Even on r/dividends QYLD got voted out relatively early in the “one of the best dividend stocks to put your money in” polls. +I’m genuinely very curious. Thanks! + + +Things are tight and I could use the 250 a month on other things but worry about a nest egg. + + +Takes about me about a year to save $2000 (assuming nothing happens). + + +I could lower the insurance if I owned it free and clear. + + +Any other suggestions or things I'm not considering, would really appreciated it. + +edit: + +Thank you all for the responses! So many ideas and guidance I hadn't thought of, I'm reading everything, you all are great! + +edit again: + +credit 720 + +job secure for a year at least + + + +A contributor pointed out that we **are** in pandemic and with oil and food going wacko, suggested I hold onto my reserves for a while just to see whats going to happen. + +edit #3 +Based on all the advice given here, I think I'm going to wait for about 3 months and see what happens with the economy. Then if everything is still functioning, will do a double payment to end the debt early, thereby keeping my reserves *(for if the roof leaks, water heater breaks or furnace breaks, or car fails smog or.... on and on)* + +Maybe do the 'doubling my auto insurance deductible' idea also. + +I want to pay off everything but when you are responsible for other people you have to really consider your moves. + +All of you, thank you so much. +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 started getting more serious about money a bit later until I got a decent job at 28. Spent most of my 20s just being lost. I graduated at 22 with useless degree then spent rest of my 20s working odd jobs paying my previous degree off before I decided to go back to school again. I would say the past 3 years was when I actually started being serious. My goal is early retirement or semi retirement. 2 million in savings with house already paid off would be the goal and then retire and enjoy my life. + +I am 31 and single. Don't want to make same mistake like in my 20s. + +Income: I am expecting 120-130k per year I just moved recently for this new job but thats what I am expecting based on calculations. Last year I was at 110k at my previous job. I will be living with my parents rent free so will be super saving. + +The next decade in my 30s I am expecting a bright future because I don't have any debt and achieving a decent income. Only major purchase I would like in the future is a house or investment property. What I see me getting derailed from my goal would be having wife and kids. + +Stocks, 401k, roth ira, crypto, savings: 126k as of right now. It was a bit higher before stocks and everything got decimated. Hopefully it can pick back up again. + +debt: 25k. After 10k relief from biden it would be 15k. + +I don't own a house but I have my car thats paid off. I feel like im sacrificing a bit in pursuit of money. Living with my parents to save even though I can afford living on my own. Just expensive where I am at. Rent alone is gonna be 2k plus at minimum not including food, electricity, wifi. My new employer I don't like at all. It sucks but pay and benefits is good. I am more serious about my money and saving because I can't see me working here long term. I think I will eventually transfer to a cheaper city with higher income. + +Plan: My current plan is just basically keep working and investing in stocks. Keep on maxing out my 401k and roth ira. Keep putting money down in robo investors. I used to pick some various stocks by myself but risky. I rather just play the safe game. Its so slow and long tho. Am I on right track what should I do to speed up this process? +We have been collecting and analyzing data from popular subreddits over the last few months. Last Monday 1/11 I made a post outlining the data we collected and our predictions. Based on the data we hypothetically sold the following options on Monday at open. + +\* PLTR 30 Calls @ $17 Premium (PLTR price at close 25.64) + +\* TSLA 1000 calls @ $500 Premium (TSLA price at close 826.16) + +\* CRSR 35 Puts @ $55 Premium (CRSR price at close 38.13) + +\* LAZR 25 Puts @ $35 Premium (LAZR price at close 30.54) + +All 4 of the options the data suggested we sell closed out of the money. Total profit on the week was $607! + +Since this experiment started out of the 12 options we sold 11 have been profitable. + +Just to recap the data collected for the analysis was collected from 1/1 – 1/8. We scraped comments and posts on reddit that mentioned stock contracts that expired today 1/15. The goal of the project is to see how reddit preforms picking contracts… Is reddit right or wrong. + +My hypothesis is that for the most part reddit will be wrong. So, selling the most popular contracts will be a profitable investment. Just to be clear this is a hypothesis and not something I actually traded. The idea here is that if I start the week selling the most popular contracts, I will end the week profitable. + +&#x200B; + +Current Results: + +&#x200B; + +1. Week 1: +$1710 +2. Week 2: -$2610 +3. Week 3: +$45 +4. Week 4: +$607 + +Total: -$248 + +&#x200B; + +Recap (as of Monday open): + +&#x200B; + +I just want to emphasize it does not matter if I am right or wrong. More importantly this research is to identify if there are any trends worth following. Please do not argue below that I am wrong or right this is research and I am sharing the results. + +# Most popular call contracts in the money + +&#x200B; + +|Date|Mentions|Strike|Ticker|Type| +|:-|:-|:-|:-|:-| +|1/15|22|700|TSLA|Call| +|1/15|22|95|AMD|Call| +|1/15|19|50|NIO|Call| +|1/15|16|105|ARKG|Call| +|1/15|14|60|NIO|Call| + +&#x200B; + +# Most Popular Call Contracts Out of the Money + +&#x200B; + +|Date|Mentions|Strike|Ticker|Type| +|:-|:-|:-|:-|:-| +|1/15|57|30|PLTR|CALL| +|1/15|36|1000|TSLA|CALL| +|1/15|30|40|PLTR|CALL| +|1/15|18|55|DKNG|CALL| +|1/15|17|30|GME|CALL| + +&#x200B; + +# Most Popular Put Contracts in the money + +&#x200B; + +|Date|Mentions|Strike|Ticker|Type| +|:-|:-|:-|:-|:-| +|1/15|3|140|SRPT|PUT| +|1/15|2|65|PLTR|PUT| +|1/15|2|30|PLTR|PUT| +|1/15|2|300|BABA|PUT| +|1/15|2|280|BABA|PUT| + +&#x200B; + +# Most Popular Put Contracts out of the Money + +&#x200B; + +|Date|Mentions|Strike|Ticker|Type| +|:-|:-|:-|:-|:-| +|1/15|7|100|DASH|PUT| +|1/15|7|85|DASH|PUT| +|1/15|6|20|PLTR|PUT| +|1/15|5|35|CRSR|PUT| +|1/15|4|25|LAZR|PUT| + +&#x200B; + +&#x200B; + +Look out for next weeks analysis Monday night. +I just went to a food pantry, well tried to anyway. I walked inside and there was a group of college aged kids just staring at me from a back room. One finally said something along the lines of “do you need to speak to someone?” Well yeah, that’s why I’m here. + +Some older man comes out and I told him they made me feel weird. He pretty much excused it, and told me to pull around the building and get in line, then call the number on the sign once I got to the front of the line. So I pulled around, waited, and when it was my turn, called the number. Busy. Called again a minute later, and again. I kept getting the busy tone. When I looked up, the same group of kids from before were standing outside the door just staring at me. I tried calling one last time, and it was busy again. + +I was so frustrated that I felt like crying. I pulled off to avoid any further embarrassment. I am still left with the feeling of humiliation, and I just feel defeated because I wasn’t able to get any food. + +Has anybody else ever had a bad experience at a food pantry? All of my experiences before this were perfectly fine….. +I'm in Arizona and it sure seems like buying a property to rent out isn't a very good deal these days. Potential deal is 375k asking price. Property needs 30k in repairs. Even if I could get property for $300k and put the $30k cash into it and then refinance it into a 30 year mortgage and leaving 66k principal on the property the mortgage payment taxes and insurance is 1828 a month Rent on the property would be 2100 a month or so. Just seems like a crappy return on investment. Thoughts? +Ape's Guide to the Galaxy (Wuz's Final DD + +\*\*\* A short fan fiction - posted on behalf of Wuz \*\*\* + +This will be my final DD. I want to thank my private group and especially /u/beowulf77 for posting my DDs and allowing me to remain anonymous throughout this process. I feel as though these are the final questions I have not seen answered correctly, and feel a personal duty to inform the community about them. Nothing I have posted has been fully embraced even though I have been proven right, every - single - time. It takes a lot of courage to stand with opposing views and opinions and I thank everyone willing to stand with me. + +**Everyone Can’t Win:** + +[https://www.youtube.com/watch?v=j73FogG0Iiw](https://www.youtube.com/watch?v=j73FogG0Iiw) + +The key to a great sports bookie is making sure you have equal bets on both sides of the line and you are profiting on the difference in odds - not on one side winning (otherwise the bookie will be liable). I.e. Both sides of the line are -110 and the sports book takes a 10% commission. If there are equal bets on both sides of the line the book can never lose. They will inevitably get a 20 point edge from the line and a 10 point edge from the commission. Most people don’t realize that the majority of the time you are not betting against the casino - but against other betters. This is why the borrow rate has been so low. The lender of the shares chooses the borrow rate and the bookie needs more people on the other side of the line (lower borrow rate = more short shares borrowed). Blackrock is the biggest short lender and they need more people on the other side of the line to fulfill all the winners' bets because Shitadel and co. don’t have enough money to fulfill the winning bets - they need more losers and people on the other side of the “line”. Once you have something caught in a deathtrap why not let other prey fall into the same trap for less and increase your profit line? Blackrock controls the exact number of shares they are choosing to lend to shorts knowing they can handle that volume of short selling at the given time. + +[https://www.spglobal.com/marketintelligence/en/news-insights/trending/nlIZ57Xk5ubxtfMm3mXqmw2](https://www.spglobal.com/marketintelligence/en/news-insights/trending/nlIZ57Xk5ubxtfMm3mXqmw2) + +**Lighting the Fuse:** + +[https://www.youtube.com/watch?v=v7BddpYYNGk](https://www.youtube.com/watch?v=v7BddpYYNGk) + +There sure was a lot of liability protection talk in that 10-K filing from GameStop: + +“To the extent aggregate short exposure exceeds the number of shares of our Class A Common Stock available for purchase on the open market, investors with short exposure may have to pay a premium to repurchase shares of our Class A Common Stock for delivery to lenders of our Class A Common Stock.” + +Many of us took this as a sign of the impending squeeze, which it is, but wrinkle brained apes realize that the true purpose of this verbiage is GameStop trying to cover the company/executive team from legal liabilities related to it. DFV is being actively sued for losses. Can you imagine the impending legal liabilities if GameStop issues a share recall or any action that can be perceived as a catalyst to a MOASS that brings down the entire market? I know lawyer’s offices from Chicago to New York are salivating already. This is one of the reasons why Ryan Cohan and Blackrock have not triggered the squeeze yet. They are staring at each other and the red button hoping the other will assume the liability. Just because they are on the same side doesn’t mean their interests line up in every scenario. Neither entity wants to be left holding the lighter to the fuse that will blow up Wall Street and the world economy. I think it’s simply a cherry on top if the DTCC regulations come into place to give protection to market integrity pre-squeeze. The real reason they haven’t triggered it yet is they are hoping they don’t have to be the ones to do it (you go, no you go… no you go). + +**Not all Calls are Friendlies:** + +[https://www.youtube.com/watch?v=YP4mCOpWX5Y](https://www.youtube.com/watch?v=YP4mCOpWX5Y) + +If you haven’t read my first DD I suggest you take a look because I believe it is super relevant to this week’s price action. + +[https://www.reddit.com/r/GME/comments/m33en4/not\_all\_calls\_are\_friendlies](https://www.reddit.com/r/GME/comments/m33en4/not_all_calls_are_friendlies) + +I believe the call option chain this week is Ken and company's final hoorah and they are praying for the gamma to create a false ceiling. I predict we will end this week under 200 to avoid the 25k in calls that they could use to reshort. Ironically, it is my belief that the current price manipulation downwards and rerouting of orders this week is mostly from our longs trying to prevent the shorts calls from activating. Any mechanism our enemy abuses you can be damn sure our side knows/uses as well. The true crimes of Citadel need to be investigated and I hope that anyone reading the Better Markets filing realizes how closely it mirrors my last DD: + +[https://www.reddit.com/r/GME/comments/mn5d8j/order\_flow\_and\_options\_manipulators\_the\_heinous/](https://www.reddit.com/r/GME/comments/mn5d8j/order_flow_and_options_manipulators_the_heinous/) + +This is the true crime perpetrated by Citadel and I hope Ken and his team rots in jail for the billions of dollars he has stolen from the public abusing order flow, options, and volatility in our markets. Nothing is random. If you feel our longs have control of the situation they are most certainly the ones holding us at max pain to bleed out the shorts options. + +**The North Star (our ultimate indicator):** + +[https://www.youtube.com/watch?v=Kbj2Zss-5GY](https://www.youtube.com/watch?v=Kbj2Zss-5GY) + +Now onto the controversial section of my final post: Keith Gill. There’s no better marketing story than an underdog making it huge. It is certainly believable that a day-trader could sniff out this miraculous play and make a $50,000 y0l0 into a $40 mil windfall… On camera/documented nonetheless. Definitely possible and a great feel good story. But then to sell 9 mil of options perfectly @ 300-350 \[edit: for clarity - he did not sell SHARES\]? Wow another lottery win… Ok. Still POSSIBLE, highly unlikely, but possible. But then to buy the bottom @ 38-40 that starts the next run to 300+? Ok… this is no longer a probable situation. This is like winning the lottery three times… in a row... and Babe Ruth pointing it out of the park all. three. times. I’m not sure when DFV became an asset for Blackrock/RC, but to me nothing of this magnitude or statistical improbability is random. It’s very possible DFV started his 50k yolo without Blackrock/RC, but his confidence and date calling makes me think otherwise. Take from that what you will, but I challenge you to ask ANY trader if they have ever seen ANYONE in HISTORY make 50k into 40 mil and then sell the exact top and buy the exact bottom - it is literally a statistical improbability. Here is why this is important to us Apes: Keith has batted 1.000 on every single trade. It is my prediction that he will post his options exercised Friday after market and this will be our final indicator that the squeeze is on next week. I like betting on the guy that has a perfect track record and I suggest you watch him very, very closely as it would make the most sense for RC/Blackrock to use him as the spark that ultimately lights the fuse. He will be the one with the largest public backing/protection, the least to lose of any friendly entity, and ultimately he will carry the burden of the sacrificial lamb that the longs can point to as the final catalyst to the MOASS. + +I will post three edits to this piece that will go in throughout the day, so check back for more updates. + +Edit 1: + +Counter DD + +As I stated in my previous posts I am biased as I am deep long. I think it’s only fair I give you the correct counter DD to mine: + +Situation 1: The shorts are inflicting max pain on retail and preventing the gamma and have complete control over price. This would mean the long whales lost and retail is fucked short term. If the shorts have complete control over price retail is destined to head back to their determined max pain and “fundamental value”. + +Situation 2: Blackrock/Vanguard have made backroom deals with Citadel to take over their portfolio and help Melvin and the other shorts unwind because the fallout is too large for them to control. Think Credit Suisse takeover but on a larger scale. A few signatures from Ken and Gabe, 250k in plastic surgery and they will soon be living their best life in Monaco or any country without extradition. + +Situation 3: The shorts covered on the two run ups to 300+. Short interest is correct and now they are feeding themselves with new shorts all positioned over 200 and preventing our gammas with ETF shorting/sells/borrowed share sells. There are no long whales Blackrock and Vanguard are simply playing both sides to protect the market and profit from the lending and their share value. + +If you assume one of these situations is true, the best response is the same: Buy the dip and hold. This will turn into a war of attrition that retail can still win. It will just literally be everyone vs. retail. I pledge to not sell a single share before the next year's shareholder’s meeting (2022) if no moass before then. I also apologize in advance to anyone reading my DD’s that decided to buy GME because of my DDs and ended up losing money. The responsibility for those losses is mine, and I promise you that I will end up losing more as a result. + +[https://www.youtube.com/watch?v=JZjAg6fK-BQ](https://www.youtube.com/watch?v=JZjAg6fK-BQ) + +P.S. I could very well be wrong about DFV and he's a time travelling trading god... Either way I still see him as our North Star and best indicator + +https://youtu.be/O9q_Z4xXTkU?t=64 + +Final Edit: +Since there was some depressing shit at the end of this DD let’s just skip to the fun stuff. If there is a MOASS I will be buying multiple penthouse Aria Sky Suites in Vegas with the homies. Anyone that can prove they commented positively on any of my DD’s before today is invited - dates TBA. Baby girl /u/redchessqueen99 is invited along with all the other mods wives/girlfriends (no seriously watch them like a hawk or they might get scooped). Spoiler alert:WE WILL BE DANCING ALL FUCKING NIGHT LONG. + +https://www.youtube.com/watch?v=vwzex56OjJ0 + + +EDIT: /u/beowulf77 here... I edited the dfv portion regarding him 'selling at the top' to clarify. Wuz clearly was referring to the options he unloaded not any shares. I hope that clears it up. Thank you. +The latest jobs numbers show that there are more job openings in the US than there are people looking for work. If you do anything more than entry-level, minimum-wage work, now is the time to ask for that raise. + +But don't just "[money please](https://giphy.com/gifs/money-parks-and-recreation-mona-lisa-A7WK7FddTxKfu)" your request. You need to show why you deserve it. + +Create a thoughtful argument about the value you produce, expenses you cut, efficiencies you created, or revenue you brought in. Be armed with specific instances of what you've done to help the company, and then make sure you've done your research about your market value. Knowing your realistic upside will make sure you don't get undersold. + +If the company "isn't giving out raises at this time", ask for an early evaluation in 30/60/90 days and get that in writing. If there is still nothing there and you aren't the happiest employee in the world, this is your signal to start looking on the market. +Just want to share my observations as someone trying to get into passive investing in Korea as a Korean. + +I read a lot of FIRE stuff thats all the rage in english media and wanted to get into that myself. + +One thing i noticed about trying to do that as a korean is the amount of resistance you will face. + +First off etf's and indexs are almost never advertised or mentioned when you go in for consulting (if consulting even exists). They will usually pitch financial packages that lock you in for 10 to 20 years where they promise an annual return of 2% "guaranteed" for a safe option. This was from samsung one of the larger financial management services available here. + +When asked about etf's or index fund options tracking the S&P 500 they begrudgingly acknowledge its existence but quickly go on to say how risky it is and how nobody is managing it. That you are at the mercy of the markets. *ghost emoji* + +Even using a conservative metric of 4% average annual return long term they balk at the figure. Claiming that they regularly make 20 ~ 30 % returns on a 6 month basis with their managers. + +Even looking up several s&p 500 etfs offered by a few investment firms they clearly and prominently label the s&p 500 index fund as high risk. Practically one step away from bitcoin. + +https://i.imgur.com/5Vj1Jv3.png + +I told them the whole spiel about trying to avoid fees and how most managers can't beat the market. That if the S&P 500 containing the top 500 US firms in an extremely globalized world were to permanently collapse it would practically be the end of the world in which "safe" assets like cash and real estate would likely lose value dramatically as well (especially non US monopoly money like the korean won). They usually dont have a response. + +Even going into korean investment apps signs of resistance, dark spaces and nudging towards more high risk trading are prevalent. +The mobile app of kiwoom investments only show hourly and daily fluctuations which contribute to a sense of nervousness to encourage frequent trading. Again the claims of 20~30% gains in 6 months from now predictions are prominently displayed (all of them managed funds of course). Lots of leveraged and margin stock options prominently at the front and even deceptively added at the end of fund titles like S&P 500 index fund^^leveraged. -> i almost clicked this those fuckers. + +This is not even mentioning how hard it is to find the index funds and etfs on their search function, usually requiring exact queries and multiple tries before the right one pops up. Of course the other more high risk funds keep popping up. + +Anyways those are my observations. + +Thank your lucky stars for companies like vanguard and robin hood. + +EDIT: + +VANGUARD SAVE US! + +YOURE OUR ONLY HOPE +Everyone knows TSLA is "overvalued" right? The thing is, Musk is a fucking GREAT CEO. It doesn't matter what you think TSLA's valuation is because as long as Musk is running it it will continue to succeed IMO. Why? because of things like this: + +https://finance.yahoo.com/news/tesla-taps-market-rally-keg-145407552.html + +Tesla did the same thing back in February, almost immediately after the stock hit $1000/share, and then priced the offering at $767 to raise $2 billion. A few months before that people were afraid they were going to have to file bankruptcy, but with that offering they rescued themselves and gleaned the cash they needed to keep going. Now, after a 5:1 split and another MASSIVE run to pre-split prices of almost $2.5k, ol musky boy files a $5 billion shelf which basically means they can now sell up to 5 billion in shares whenever they want. You better believe that a big chunk of this will be sold in the near future, and they will raise billions in cash at these ridiculous valuations. + +Musk is the definition of a capitalist and if you think TSLA is going down any time soon well ... you're gonna have a bad time. Offerings can push it down in the short term, but long term a TSLA with $5 billion more in cash is WAY stronger than the current TSLA. +In the the TV show 'Money Heist' the protagonists print 'Euro' for 11 days. If something like that happened in real life what would be the economic consequences? + + I think the value of Euro would fall with respect to other currencies leading to inflation in the Eurozone. Maybe even a separate exchange rate will pop up for Spanish Euro if that makes sense. +I was watching the most recent episode of LastWeekTonight and John Oliver mentioned that there is no consensus among economists as to why interest rates have continued to remain low since the 1980s. He then played a clip of the former chief economist of the IMF Olivier Blanchard giving a talk at the Peterson Institute stating that he has "no explanation" as to why interest rates have remained low. I just wanted to double check on the factual accuracy of this statement and whether there really is no general consensus among economists. +I know that people who have a lot of capital are motivated to try and protect it from inflation, i.e., earn a return greater than the inflation rate. I had the thought that perhaps one of the reasons for an increase in wealth inequality in the US is that holders of capital do what it takes to beat inflation, whereas low-skill workers don’t (most of the time) receive pay increases that keep up with inflation. +Are there any economists that can lay out a cogent theory as to why minimum wage is indexed to inflation? + +Edit: Just want to clarify a little what I mean. Specifically I am wondering if there is any economic theory that either supports or does not support indexing minimum wage to inflation in the context of reducing wealth inequality. Clearly this is a policy decision at the federal level, and each side of the political spectrum has their own motivations regardless of whether or not they are rooted in any sound economic principals. +Hi + +I have never felt like this before. Basically, I went to buy a car today which costs around £30K and took my family. + +As a man in my late 20s, I have always been used to driving cars that are worth £5-6K and my last car was an old polo. + +The thing is, I have never made such a big purchase before and for some reason I felt a bit off during the whole process at the dealership. My sister even noticed I was a bit off and I explained to her that whilst I liked the car - it was too expensive. + +I feel guilty, anxious and sad. Like as if I dont deserve a luxury type SUV and fear people will judge me. + +Is it normal to feel anxious during the whole car search and buying process? Is it usually stressful? + +Also, I never officially handed any money - apparently during the finance process they had to get a third party to check my payslips etc and the dealer will call me on Tuesday. I never formally signed anything and now I am thinking of paying it all off in cash. Will it go on my credit file that I took a loan, who owns the car now? Can I walk away now if I wanted to? + +Sorry I am a very anxious person and generally overthink a lot + +Thanks +Please be aware that malicious people scan these forums looking for access to people who hold crypto. Your comments may say what you own and what exchanges you use. Do you have the same email linked to your Reddit account and to your exchanges? Is your password the same as your exchanges? That means a simple brute force hack of Reddit will provide a list of the exchanges you use, your email address, and a password that might be the same or similar to other you are using. + +People are also sending private messages with malicious links to self professed "noobs" hoping they will make a rookie mistake. + +Don't forget there are lots of scammers in crypto. Be Careful. Welcome new people. + +edited for spelling mistakes +I subscribed to the premium 1 month free trial of linkedin. I canceled before the month was up and still got charged. I contacted them and they are issuing a refund but when I see the amount they are refunding it doesn't include sales tax, so now I have a $75 charge to my account for a refund. Who do I contact about this? I went through PayPal, do I contact them or my bank or do I just get charged for a transaction that shouldn't have happened? +"I think business & corporate taxes should be cut to zero and income taxes be raised. Businessed don't pay taxes anyway, they only pass them along to consumers in the form of higher prices on goods & services. This would allow businesses to reinvest, expand & hire more workers." +*ERRATUM ON TITLE PHRASING: THE MOASS WON'T HAPPEN UNTIL* **OPTIONS ARE REGULATED**. + + +[I was invited to explain this DD on an ape YT channel. Here's the video](https://www.youtube.com/watch?v=UQrOk5Syzl4&t=1489s) + +&#x200B; + +# LET ME START WITH A QUICK INTRO: SO WE ALL KNOW HOW HF ARE HIDING THEIR SHORT POSITION. + +&#x200B; + +Actually, even the SEC knows, since they wrote a "risk alert" on it in fuck\*\* 2013.[Strengthening Practices for Preventing and Detecting Illegal Options Trading Used to Reset Reg SHO Close-out Obligations](https://www.sec.gov/about/offices/ocie/options-trading-risk-alert.pdf). + +&#x200B; + +# LET ME SUMMARISE THIS RISK ALERT FOR YOU + +&#x200B; + +**How do HF manage to make it look like they covered? Easily, with 2 types of deceptive options trading.** + +1. A buy-write trade, i.e. selling deep ITM call + buying a synthetic long share from MM +2. Buying a married put: buying an option put with a synthetic share. + +&#x200B; + +**What's the difference between selling calls and buying puts?** + +Well, not much, it's a question of obligation vs possibility, but in our scenario, it does not matter much. + +&#x200B; + +**Why buy a synthetic long at the same time as the option?** + +They use the synthetic share to appear as if they "close" their short position. Pouf FINRA number goes down, Bloomberg writes an article [" GameStop Short Interest Plunges in Sign Traders Are Covering](https://www.bloomberg.com/news/articles/2021-02-01/gamestop-short-interest-plummets-in-a-sign-traders-are-covering)" saying the HF have covered, end of the story. + +&#x200B; + +**How can they buy a synthetic long?** + +if a market maker buys options from an options writer, the market maker has legal privileges to do a version of “naked shorting” as part of their hedging function. This is necessary, under the current rules and the current system, for market makers to protect themselves when facilitating options trades. + +&#x200B; + +**Do buying synthetic long have an impact on the price of the stock?** + +Well, I do not think so, since they are not part of the float, they are not purchased on the market. + +&#x200B; + +**It it good news or bad news?** + +Well, we are not sure. There is a theory saying that the FTD cycles are getting bigger and it will only get worse for them, but I don't like the wait and pray tactic when we're dealing with HF. To me, it's rather a bad news to only rely on HODL and pray for the MOASS to start without the regulations in place to force short to close their positions.Their deceptive options duckery means they can reset their FTD indefinitely, the close-out requirement (which will trigger the MOASS) will never be enforced, and we are fucked.They are not bleeding as we thought they were. The SEC papers mention that with this tactic, they do not have to pay the borrowing fees for shorting, just a pre-arranged premium with the MM, which can be seen as a cost to leverage the MM hedging prerogatives of naked shorting. + +&#x200B; + +**Who is short then, the HF or the MM?** + +As long as the double trade is done (buy-write or married put), the HF are no longer short, fron a reporting standpoint, but the MM are, They usually don't want to stay short too long, so they most of the time exercise these options the same day. Which now makes the HF short on his turn, but with a reset for FTD. + +&#x200B; + +[Someone remember Melvin Capital revealing 6,000,000 Puts in the SEC filing from February?](https://whalewisdom.com/filer/melvin-capital-management-lp#tabholdings_tab_link) But no long position with their put, so naked puts. I'm willing to bet 1 trillion dollars these puts are leftovers of married puts he used as deceptive options to trade to look like he covered during the Jan squeeze. + +&#x200B; + +**The amount of such options that need to be traded is too big not to be noticed. They all know. The SECC, DTCC, any concurrent HF, and now even us.** + +This is why I'm convinced our best chance is a regulation of Options trading. But that would be too much to ask, right? Well, the DTCC just made the best "April fool" joke to Citadel with [**DTC-2021-005**](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/DTC/SR-DTC-2021-005.pdf)**,** submitted after market close on Thursday (Have a nice Easter weekend Ken!) + +&#x200B; + +&#x200B; + +# How [DTC-2021-005](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/DTC/SR-DTC-2021-005.pdf) is a GAME CHANGER + +Well, it's almost too real to be true, but on Thursday, after the market closed, DTCC submitted a rule filing to be reviewed by the SEC. Here is a high-level summary of the 3 main points first, but I will expand mostly on the last one, and let other smart brains analyse the 1st two points + +1. Securities can't be "borrowed" more than once +2. Some securities won't be able to be used as collateral +3. **Deceptive Short/naked options selling or buying won't be possible: Synthetic share created by MM during an options trade will be linked together. They will also stay in MM books. Which would make it impossible for HF to use the synthetic long for other purposes (like pretending to cover shorts).** + +**Page 42:** + +&#x200B; + +***Collateral loans***\*:\* + +*The collateral loan service allows a Participant (the pledgor) to pledge securities as collateral for a loan or for other purposes and also request the release of pledged securities. This service allows such pledges and pledge releases to be made free, meaning that the money component of the transaction is settled outside of the depository, or valued, meaning that the money component of the transaction is settled through DTC as a debit/credit to the pledgor's and pledgee's DTC money settlement account. When pledging securities to a pledgee, the pledgor's position* *~~is moved from the pledgor's general free account to the pledgee’s account~~* ***continues to be credited to the pledgor’s account, however with a system notation showing the status of the position as pledged by the pledgor to the pledgee. This status systemically*** *~~which~~* *prevents the pledged position from being used to complete other transactions. Likewise, the release of a pledged position* *~~would move the pledged position back to~~* *the* ***results in the removal of notation of the pledge status of the position and the position would become*** *~~pledgor's general free account where it would then be~~* *available* ***to the pledgor*** *to complete other transactions.* + +***\*\*\* Collateral Loan Program*** + +*About the Product The Collateral Loan Program allows you to pledge securities* *~~from~~* ***held in*** *your general free account as collateral for a loan or for other purposes (such as Letters of Credit) to a pledgee participating in the program. You can also request the pledgee to release pledge securities* *~~back to your general free account~~*\*. These pledges and releases can be free (when money proceeds are handled outside DTC) or valued (when money Page 42 of 45 proceeds are applied as debits and credits to the pledgee's and pledgor's money settlement accounts). A Pledgee may, but need not be, a Participant. Only a Pledgee which is a Participant may receive valued pledges.\* + +***Pledges to the Options Clearing Corporation****A Participant writing an option on any options exchange may fully collateralize that option by pledging the underlying securities by book-entry through DTC to the Options Clearing Corporation (OCC). If the option is called (exercised), the securities may be released and delivered to the holder of the call. If the option contract is not exercised, OCC validates a release of the pledged securities,* *~~which are then returned to the Participant's general free account.~~* + +***Pledges to the Options Clearing Corporation****A Participant writing an option on any options exchange may fully collateralize that option by pledging the underlying securities by book-entry through DTC to the Options Clearing Corporation (OCC). If the option is called (exercised), the securities may be released and delivered to the holder of the call. If the option contract is not exercised, OCC validates a release of the pledged securities, which are then returned to the Participant's general free account.* + +***\*\*\* Release of Deposits with Options Clearing Corporation on Expired Options****OCC automatically releases securities deposited with it to cover margin requirements on an option contract when the option contract expires. The securities are then allocated to your general free account. Notification of the released securities is received via the Collateral Loan Services functionality in the Settlement User Interface or automated output.* + +No more synthetic long, FTD, and other fuckery, this will force the Reg SHO Close-out Requirement which will trigger the MOASS into Uranus. + +&#x200B; + +# I WISH I WAS A COW TO BE JACKED TO ALL MY TITS !! + +&#x200B; + +# TOO APE ; DID NOT READ: + +If short sellers are facing a squeeze because shares are hard to buy, or scrutiny for holding an illegal short position, they can create an appearance of having closed their short position through the use of deceptive options trades. (Selling ITM call or buying married put). + +It does not make them cover, just reset the clock so FTD doesn't skyrocket. + +DTCC is unhappy about this mess and wants to ensure Options can no longer be used like this. + +When it gets enforced, it will force a close-out requirement (force HF to buy the stock in the actual market, launching our rocket to the sun) + +&#x200B; + +&#x200B; + +# EDITS 1: + +So, guys, I see lots of questions around when this goes into effect.I believe it's effective immediately after the SEC approves it. + +How long does the SEC usually take to approve these fillings?WELL, SURPRISINGLY, NOT SO LONG! Could be even just a week or two.Here a brief history: + +* DTC-2021-003 (Force HF to reveal their position on a daily basis): submitted the 09/03, approved the 16/03 +* [SR-DTC-2021-004:](https://www.dtcc.com/legal/sec-rule-filings) Approved in a few days +* [SR-DTC-2021-003](https://www.dtcc.com/legal/sec-rule-filings) was approved quickly as well +* All the ones before are approved (before Jan 2021) + +&#x200B; + +# EDITS 2: + +This is not financial advice, as I can only speak French. DTCC stands for "**Dans Ton Cul Citadel**", right? + +&#x200B; + +# EDITS 3: + +Please smart apes, come forward and help us make it stronger and more accurate. + +&#x200B; + +EDITS 4: + +I added another important missing paragraph from the filling that really explains why it will regulate options. This filling is not really a regulation (which would explain why SEC won't need to review it), it's a bookkeeping tracking update (almost a software update). They are going to be more precise in their reporting logic. **They will tag synthetic longs as "pledged" with an option. So they link the synthetic long and the option together.** This is what's new, so simple but it changes everything. +There is a great documentary series on Netflix right now about the 2000s. The episode I'm talking about is Season1 episode 6. It is about the financial crisis and the events leading up to it and the immediate aftermath. + +I think it is especially useful for younger folks on here who started investing in the last decade. It was probably easy to hold and continue to buy over the minor dip we had late last year. But a 2008 level event is a different story. Shit got real. + +I will add though, my bigger fear for the kind of investing we preach here at r/FI is a Japan style flattening of the economy for a couple of decades or so. But none of us know which nightmare scenario might come to pass. Keeping expenses down will help no matter what. + +edit: The name of the documentary is literally 'The 2000s' +Newbie sharing my view's for discussions: + +&#x200B; + +**Longevity:** + +ActiviBliz is a huge gaming company, they own very popular franchises but more importantly they own the studios and engines used to make their hit games. If COD does go stale and if World of Warcraft finally dies and people get bored they can easily develop something new and exciting for either title. Call of Duty Modern Warfare which was basically a re-do of the hit COD4 from ten years before is an example of this. Imagine if they created some sort of Warcraft epic using the engine from Infinity ward? Anything is possible and that's the point they have the staff and the tech to make whatever they want. + +**How Income is Generated:** + +ATVI don’t make their money from game sales but from the transactions within the games, COD offers players season passes and vanity items that cost the company virtually nothing to make as it’s just a graphic’s skin but they sell these for real money to the players that want them. While mind boggling to me why people pay for these things they do and this is the bulk of their income. Whatever the future games are released by ATVI, I’d bet my house on them having micro-transactions / subscriptions as these make the money. 80% of their income this year is from this in-game crap, however people lap it up and spend their money on these things and that won't change. + +**Valuation:** + +There is little long term debt and it’s well managed, ATVI is buying back shares, over the past 5 years the value of the company has increased by 18% each year and future predictions are still rosey. + + **Ratios:** + +Taking a look at the PE ratio it’s clear that the price of the stock is dropping hard and we are approaching a PE ratio of 18 this is in fitting with the growth rate of ATVI's profits over the last 5 years which in Lynch's books he makes comment that a PE equal or below the growth rate is generally a decent value aka the PEG ratio but historical. + +When looking at the free cash to price ratio as well we are heading down to the lows of 2014. When looking at the PE ratio and PCF ratio we are at the bottom of the ranges now, at least we are nearing the previous lows. + + A DCF calculated fair value of $90 is far above the current price as well. + +**Why is it cheap?** + +I believe that the current price fall is entirely due to sentiment in regards to the harassment within the company and it’s management, there are sexual assault allegations and the boss is involved, this has lead to people openly voicing their protests and even the Xbox management have basically said publicly for people to sell their shares and punish ATVI for still having the same boss. So we are seeing a huge sell off now as people are reacting to this sentiment towards the company. However I believe that the true value of ATVI is their staff not their managers, the potential to make great games is within their staff and tech not their leaders and I suspect that the current CEO is going to bow out or be asked to leave. + +I don't see ATVI going bust, I see them being a player for years to come and when we get enough chips to actually sell xbox series X's and PS5's to players then we are going to be seeing a lot more players than we have even now. Everything is a gamble but I reckon this stock is a bargain at the moment and it may even drop lower first. + +I don't think the sell off is over just yet, politically this is still a hot potato and something will have to change like certain people leaving then things will go back to where they should be so I'll buy a couple shares and hopefully a couple more in a couple weeks if price continues lower. + +&#x200B; + +I'm working with just a few hundred dollars and am just trading for fun this year to see how things pan out, you've got to learn through doing after all. +When checking by CAPE I believe China and Singapore are undervalued. FTSE 100 and 250 are starting to look attractive as well. + +SP500 seems still quite a bit overvalued imo. + +There was a post not long ago on r/investing that also mentioned that the Polish stock market is starting to look attractive. + +Any other markets? Maybe some industries? +Hello everyone, + +I am kind of lost right now. I must say I should know the answer as I’m working in Private Equity but I still have my doubts at times. + +Just like most people I can figure out the story of a company, its business plan, its financial health, read and interprete its financial hamburgers but yet… + +Whenever I look at a company I am interested in I get worried and ask myself if I am paying a reasonable price. + +And as naïve as the question maybe be : I am wondering how other investors look at the price. + +I wonder how Arnold Van Den Berg values his stocks. He talked about learning about private value. I wonder what he means exactly by it. Heck even Jay Z for that matter, he didn’t study finance or anything, or Nipsey Hussle. For Jay Z I wouldn’t doubt that he has his advisors (just like me I guess) who’d give him a fair price range for the business. + +I am wondering how the millionaire grandma from Germany Beate Sanders valued her stocks. She’s an interesting case I am looking into as she started with 35k 20 years ago and died with somethng like 3M euros so more in dollars last year. From what I read she liked stocks that trade at 52 week lows and beat the market over the last 20 years (need to read her stuff to know more). Still makes me wonder how you’d know if the price you pay isn’t crazy as a 50% drop does not mean we’re undervalued. + +Bill Miller said that he doesn’t do modelling anymore years ago. So how is he approximating a range for his values ? + +Buffett and Munger say that CAPM is garbage yet it’s still widely used and I often think of them whenever I use it as well. + +Peter Lynch, among a lot of things he said, tells us to focus on earnings. In a lot of cases, you see a company for which the business is booming, the stock should go up. + +A basic approach that I hear so much is to just buy the companies you like… it’s easy to say that you’d have beaten the market if you just bought your car’s brand, your phone’s brand, computer, websites… so +- Tata for me as I drive one of their cars (didn’t work out that well did it?) +- Apple phone +- Microsoft for work +- Amazon +- FaceBook +- Snap (don’t use it but used it once) +- Netflix +- Philip Morris + +With such a stupid simple portfolio you would have beaten the market or would have done at least pretty pretty well without much overthinking. Could even add a few more stocks and you’d have been better off probably in terms of diworsificafion. + +Idk I must say I might be burnt out from work and constantly researching and learning. It’s really all I do and all I’ve been doing non-stop for a good two -three years so my mind isn’t clear right now and so any guidance would be appreciated ! + +Any reading, websites, posts, articles, criticisms, insults would be appreciated. + +Take care. +I know from personal experience that looking daily on stocks fluctuations causes for irrationally to take over reason. + +But for value investors daily, weekly or monthly performances should provide no take if their picks were good or not. +Barron’s seems to believe that FB is significantly undervalued. With a PE of 29ish my autist brain is bound to agree. I also see the continued strength in Fb, ig, what’s app and their ad/data services. But I think the cherry on the cake could be their possession of the Oculus which could be a big driver of future growth with the progress of VR IMO. It does seem to me that FB takes a lot more PR heat than they deserve. + +It seems to be cheaply valued with a good forward growth story. + +Poke 🕳 in the theory. Go. + +[Barron’s article](https://www.barrons.com/articles/facebook-stock-is-cheap-heres-how-it-could-gain-20-or-more-51617399483?st=qlzovofkvxh9ywl) +Step 1) pick 3 of your favorite letters in the alphabet + +Step 2) type in those letters in RH search bar + +Step 3) buy put or call for whatever amount on whatever day, doesnt matter + +Step 4) rich af or broke af + + +TL:DR - NONE OF US HAVE A FUCKING CLUE. +In the USA. As title states. I make $34,000 after taxes. Decent credit, around 740 and continuing to build with good habits. Saving money is no issue for me as I’ve always lived frugal. I’m no computer wizard but know basic things and would possibly be interested in learning something in the field that doesn’t require a degree. Would like to learn a trade that is not super physically hard on the body, have been reading up about plumbing. College is out of the question for me but have been looking at several trades. Currently live with parents but pay my dues. No kids, no spouse and really just want to get my shit together now. Was planning on putting a down payment on a house in the near future but doesn’t seem like a good idea now as my income is shit, was blinded by the fantasy of owning my own home. Recently opened a Roth IRA and will likely start investing in 2 or 3 ETFs for long term earnings for retirement. I would like to start investing in real estate rental properties as well in the future when my income is better. Those who have their life together, what advice would you give? +**Use this** [**r/place template link**](https://halfdane.github.io/rplace/) **so we can work as efficiently as possible**: [https://halfdane.github.io/rplace/](https://halfdane.github.io/rplace/) + +Shoutout to u/[DeadDevotion](https://www.reddit.com/user/DeadDevotion/) for [this awesome walkthrough on how to install and use our Place overlay!](https://www.reddit.com/r/Superstonk/comments/tuiahg/easy_visual_guide_on_how_to_install_and_use_our/?utm_medium=android_app&utm_source=share) + +(Stealing from u/platinumsparkles awesome text here) + +# How to use the Github program + +T[he site](https://halfdane.github.io/rplace/) will show you coordinates, and you can place the tile based on the coordinates here. When you hover over a pixel, it gives you the x and y axis - IF YOU CLICK THE TILE, IT WILL BRING YOU TO THE CORRECT TILE!!!! Then pick the correct color and place it :) + +You can add to the canvas here: [https://www.reddit.com/r/place/](https://www.reddit.com/r/place/) (and once again: check [here](https://halfdane.github.io/rplace/) to know where we want to put which pixels) + +&#x200B; + +[when you click on the tile in Github it will bring you to the same tile on r\/place](https://preview.redd.it/bsp9s4gn86r81.jpg?width=279&format=pjpg&auto=webp&s=b60438f0005f1a6f692b905d145e34530338935d) + +&#x200B; + +[Click on \\"place a tile\\", choose the correct color and confirm. Rinse an repeat every 5 minutes.](https://preview.redd.it/ee6byyur86r81.jpg?width=729&format=pjpg&auto=webp&s=da58dcfbcfe57e68bee3bef219a0907fc2abbcc1) + +## Let's talk about alliances! + +Carving out your space on the canvas works better when you make alliances with other teams. + +Why? + +Other groups will attack and it’s good to have people on our side to defend our design, and we can do the same for our allies. + +Allies will not attack. Allies make other allies and suddenly even more people have our backs. + +We made design changes to incorporate allies and remove things we are wasting time and pixels on. + +For example, OSU - what is OSU? A super popular rhythm game.. they are gamers coordinating on discord and twitch. They are the perfect allies, they are strong in numbers, dedicated, and they are not expansionists. All they want is their circle. + +We are fighting an unnecessary battle, wasting time and pixels, by trying to take over the top left corner (coordinated gamers UNITE!), so we incorporated their outer circle into our new design. + +We made an alliance with Germany, they will not creep into our area, and we added a small heart to our left border to represent our united front. They are working on a portal OUTSIDE our border, so LEAVE it alone! That will protect us on the left side even more. + +The sweet birb from r/PictureGame keeps getting its one pixel beak chopped off, so we’re going to add that to the right border. They messaged us that they will defend our right border. + +On day 1 we tried to make an alliance with r/placetrees, they are a group placing trees to spread awareness about our climate crisis, and yesterday we redesigned our piece to free up that bottom space. Since we were already building too far to the right anyways, we were just going to add the logos to the right. + +Well, nobody followed the post and the trees got wiped out (by our NFT logos, yikes), so we kept the space to the right and redesigned our piece again, this time including a couple of trees. + +A lot of people think NFTs are bad for the environment, VERY FEW people know about Layer 2 technology and how that is gas-free and carbon neutral. + +We have the same goal, we’re fighting the same battle, may as well do it together! + +We have also agreed to leave Star Wars alone (obviously), Scotland, Portugal, and blue corner. + +The other thing updated to stop wasting our time and pixels, was remove NFT.Gamestop.com and instead make our **Gamestop** logo bigger. We fought the good Gamestop.cum fight😅 but pixels were just being wasted on that all day long. + +We made more space in between BUY HOLD DRS. + +We added a pirate flag🏴‍☠️. + +With all that said, here's our new redesign [one last time](https://halfdane.github.io/rplace/) + +&#x200B; + +[Wanna Easily Help place some pixels but don't want to join discord?](https://www.reddit.com/r/Superstonk/comments/tu3xkh/wanna_easily_place_pixels/) + +[Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/tdxn3w/computershare_megathread/?utm_source=share&utm_medium=web2x&context=3) +So there's a lot of talk at the moment about interest rates rising and the advice is to get a fixed rate mortgage asap before the decent rates dissappear, but I am trying to resist this general movement and considering riding it out on a discount or tracker mortgage. + +My feeling is fixed rate mortgages are an insurance policy against a possible future rise but of course you pay for that certainty and it is a gamble which could sting if rates don't rise or fall. + +Rather than pay more now to ensure a consistent and relatively low rate, I'm considering taking a low variable rate product and riding it out. If rates rise then fine but if they stay constant or fall then I'm going to be better off and not locked in (depending on product) for the next 2, 5 or 10 years. + +Has anyone taken the approach of generally not fixing their mortgage over the years? I'm thinking of someone who has paid off a mortgage or approaching that point. + +All I ever read is (fix rate mortgage) rates are going to be 6% soon and you should fix now! + +I have 16 years left of a 25 year mortgage, currently fixed with Nationwide at 2.59% ending in March 2023 with LTV of 55%. + +Worth saying I can afford to pay more if rates rise and willing to take some risk. + +Keen to hear some views on this. + +Thanks. +TLDR: Robinshit and Shitadel are being set up to take the fall. Gensler scared at hard questions. No mention of DRS. Episode was good, but still sus. Don’t fall for their bait. Buy, DRS, and hold until the system breaks. Take this episode with a grain of salt and a serious amount of skepticism. + +Don’t get me wrong, the episode was incredible, especially the jabs at Mayo boi. Why is Robinhood and Citadel at the center of all this? It’s clear, they are being set up to take the fall. Be smarter than this apes. Over 60 institutions, including most of the PFOF brokers that also shut the buy button off. + +Maybe it’s partially our fault for putting most of the blame on Citadel and RobinHood. We laid out the perfect scapegoat. I appreciated Jon asking the tough questions to Gensler. But to see Gensler back pedal and get almost scared didn’t surprise me. + +Don’t forget that we are fighting a war on multiple fronts. We are fighting enemies that we can’t see. There weakness is our ability to hold. We are fighting the institution that is controlled by the elite, who don’t want to lose the one thing more important than money, their power. + +It’s not just Shitadel and Robin Da hood. This should not be another 08 where one firm goes down, 1-2 guys go to jail to appease us, and we make a pretty amount of money, but nothing changes. + +I want the banks to disappear. I want truly free and transparent markets with instant settlements. I want it to be impossible to naked short anything. I want our politicians to be free from corruption. + +There is only one way to declare war on this system. DRS your shares and hold. Why no mention of DRS Jon? That is sus enough to me. He is not an ape. He is still part of the media and we need to continue to remain vigilant. Don’t be satisfied with hearing what you like to hear from some figurehead. + + +Edit: Wow guys, I didn’t really expect this post to blow up. I’m really happy with the conversations that are taking place on the threads of this post. This is why I love this community. Thank you all for the awards and I’ll see you all on the moon! Keep ‘em on their heels, it’s time to continue being relentless! +I wanted to share my experience with moonshot cryptos to help everyone navigate them better. These are some things I wish someone had shared with me when I started my journey. This is not a comprehensive summary by any means, there's a ton to learn. Also, I'm human so my info or opinion could be wrong, but hey educate me and I'll update that information for everyone else to benefit from, just don't be an a$$ about it. + +To da moon guys, to da mooooooon! + +**Expectations: (Mostly reasons why you should not go into moonshot cryptos).** + +1. **Quick Buck:** I actually don't recommend moonshot cryptos for those who are looking to make a quick buck. +(a) Are you a potential whale? Someone who can shell out a giant amount of money on cryptos? Then yes, you can make a quick buck. When whales invest 50K into a crypto and it goes up even a tiny fraction they make a ton and can pull out right away to profit. Plus they can usually afford to lose their investments. **To the whales out there, please try not to screw us normies over while you are at this.** +(b) And yes, I admit, you can make a quick buck even if you are not a whale. But I think the risks outweigh the possible profits in this case because more often than not, you are going to lose in the long run with this kind of pattern, in this industry. +(c) Or instead, are you a regular Joe/Jane, like me, who wants to give your cash the best chance to grow (despite the inherent risks of crypto)? If this is you, **be prepared for the long(er) game**. +2. **Only put in what you can lose:** This is the first thing to ask before you buy a crypto, "Will I be okay if I lose this amount?" If the answer is no, then go lower and invest a smaller amount. If there is no amount you can afford to lose, then moonshot cryptos are not for you. Losing the entire amount is a reality you have to accept and be okay with. +3. **Price Patience:** You will need to have patience with the price of the crypto. If you are going to get frustrated when the value doesn't go straight up in the next few days or weeks, don't go into this. You need to be okay with not seeing the value shoot up for a very long time and/or be okay with seeing a crazy rollercoaster of ups and downs. **Time is the most valuable component of success in investments**. You need to give it time. +4. **Your hands will be tested**: Compared to the stock market, crypto will test your hands more, IMO, because there are higher risks and volatility (on the flip side, the payoff is much higher if it succeeds). If you are paper hands, moonshot cryptos aren't for you. There is so much FUD with new cryptos because it's a newer industry and people have limited knowledge and secondly because a ton of cryptos have rugged the masses. So panic selling is ridiculously high. Yes, you do want to pull out of a scam asap if it is, but if it is not, then you're going to need diamond hands. Also, you want to do your DD so you don't enter a scam, to begin with. That way you have the confidence to stay in despite the waves. **There are going to be a TON of ups and downs, especially in the beginning stages.** You might see your investment go to a fraction of the price. You might see it grow to 10x. It's part of the process. Remember those whales/people I mentioned who invest and pull out right away to make a quick buck? That is going to happen at almost every new high price a crypto reaches. It's the damn rolling hills man. They are rolling, rolling, rolling! You need to be okay with that. That's not a reflection of the crypto's success or failure, it's a reflection of human greed, so it's always going to be happening to some extent. The other element reflected in the ups and down is everyone's FUD. Any news can trigger a huge up or down, regardless of the quality of that news. This is trading with emotion and leads to failure. Many people are sheeples. So if rollercoasters are going to cause you motion sickness, then don't do moonshot cryptos. Although having diamond hands here doesn't mean you will succeed (sometimes you will flat out lose), having them means you'll be able to discern and be able to hold or sell for the most profitable outcome based on your logic and rationality instead of your emotions. +5. **Due diligence with progress:** The way to test the ongoing health of a crypto is not by its price, IMO. It is by the progress the dev team makes with its roadmap and the communication they give its community. This requires much more due diligence on your part to keep up with the pulse of your investment. I go over the signs of a legit moonshot below. Just remember communication and roadmap tasks take a lot of work but most of all it takes **time**. I've seen people scream at a dev team and cry scam because they didn't get a successful audit yet when it's only 2 friggin days old. Be realistic. We live in this instant world and most people are plain spoiled because of it, but for those who are more familiar with business or government, you know things take time to get approved, even the really simple stuff. It's the same with crypto. And don't forget, dev teams are people too and people need to sleep. I've legit seen people get angry because their message wasn't responded to right away and it's because the dev was sleeping for a few hours after working an insane 18-20 hr day on the project. If that's going to be you, for the last time, don't do moonshot cryptos! + +**Signs of a legit moonshot: (In order of confidence, IMO)** + +1. **Identity** \- Are the identities of the dev team known (and are real ones)? If yes, then it's a huge sign to me that they are for real. These people are risking jail time if they rug you, so exposing themselves publically is a sign they are not there to scam you. They want their project to succeed in the long term. I breathe much easier with projects like this. +2. **Legal Entity** \- Have they applied or been approved to be a legal entity? If so, then it's the same point as #1 above. If they rug you, they will be punished so becoming a legal entity is an awesome sign. +3. **Audited** \- Are they planning to do an audit or have already done one? Audits cost money. If they are willing to get this or have already done so, this adds another checkmark of confidence. But apparently, some cryptos have submitted fake audit results by referencing an obscure company, so the more reputable the audit company the better (costlier too). I've seen prices for audits range from 1K to 50k or higher. I'm assuming the established companies are the ones who charge those high-end figures. I don't know much else about audits yet. Just those general points so far. +**\*EDIT\*** I wanted to add that audits are when a professional company checks the contract code to make sure it is sound. That way the project can advertise the safety of their code. But here is a good article to read if you want to do your own DD on a contract before the audit: [https://www.binance.org/en/blog/how-to-identify-malicious-contract-on-binance-smart-chain/](https://www.binance.org/en/blog/how-to-identify-malicious-contract-on-binance-smart-chain/) +4. **Community/Dev Involvement** \- Legit moonshots will have an active and dedicated dev team and community. Dev team will be taking action to achieve the goals laid in their roadmap and will be trying to communicate updates on their progress in reasonable time intervals to the community. Another good sign is that they are looking for other ways to engage the community (ie. contests, giveaways, airdrops ect). A sign of a good community is one that believes in the project and is dedicated to helping it succeed. +5. **Exchanges** \- Are they listed on reputable exchanges rather than just swaps? Swaps are easier to get on and tons of scams use swaps. Something to note though is that cryptos in the early stages will probably only be available using swaps as they aren't established yet. So just because they are only a swap isn't a doomed sign, it could just be a sign of being a new project. Use your best judgment and do your DD! +6. **Dev address doesn't accumulate funds** \- The scam go-around when a project has locked liquidity is to divert funds into the dev address and then pull out the funds that way. When that address doesn't accumulate funds it eliminates that method of rug pull. This is a great sign the project is legit, but just because the dev does accumulate funds, doesn't mean it's a scam at all. I'd say the majority of cryptos do accumulate so that's the norm. It's out of the norm to not accumulate. So this is going to be a rarer sign. +7. **Liquidity & team tokens have all been burned** ***for real*** **-** I believe this means that the devs can't touch those funds and the funds will permanently stay in the trading pool. This is not a common characteristic from what I see so again, it's not the norm. But if they have all been burned, it's a great sign. (BUT many pump and dumps claim to do this, so be careful) +8. ***Actual*** **high & Locked Liquidity** \- As with any investment, the higher liquidity the better. When projects lock liquidity, it means the funds will stay in for a set period of time. Make sure to research that time. The longer the better. Another thing to note, locked liquidity does not mean it's unruggable so don't just jump in when you see a project has locked liquidity. (Again, many pump and dumps claim to do this, so do your DD) + +**Red flags of a possible scam/rug:** + +1. **Tokensniffer** \- If they are on this list [https://tokensniffer.com/tokens/scam](https://tokensniffer.com/tokens/scam) then stay a million miles away. I am always checking this site for updates. +2. **Crappy Quality/Information** \- Scammers usually don't waste effort on something they're just going to destroy. Good websites and a wealth of information take effort. Does their website stink? Does it look like it was made using cut and paste on the paint app? Is the listed information obscure and full of bogus promises? Go the other way. +3. **Lack of communication with dev team/community -** If so, I don't step into that project, to begin with. Not one penny. +4. **No steps on the roadmap being taken**\- Use your judgment here. There is a difference between things taking time vs. not working at all towards any goal and making false promises. This is where you have to do your DD and join their discord/telegram/read to read the information and process it for yourselves to discern whether it is bull$hit or honest work. You basically need to become a human lie detector, your investment depends on it. +5. **The top few holders hold the majority share of the coin** \- Enables a possible rug pull by those few. That doesn't mean it's a scam, but definitely something to watch and look into. +6. **Similar Contracts** to another crypto - This is not a sure sign of a scam, but it does give me pause. This is because scammers want to spend the least amount of effort possible in a project they are just going to be rugging. Nothing is easier than copying stuff. But honest hard forks are a different matter and depending on what they changed, could add better value. + +**Traits I personally like in a moonshot: (Because this is my post after all) EDIT: These are not requirements or signs. They are just things I like but they're not required for me to invest, nor does it mean I will buy automatically buy if they do have these.** + +1. **Has a real-world use case -** It's not a sign it will succeed but it is a sign of higher value. For example, $COVAL allows you to make "vaults" and send multiple cryptos and NFTs in a single blockchain transfer instead of doing them one by one. Or another example is $WGR who is using the blockchain to enable private sports betting and guaranteed payouts to winners. Their unique functions bring value to the table and help validate their worth. +2. **Did not do a presale** \- I like this because it eliminates part of the up and downs. A common occurrence is for people to buy in cheap at the presale and then sell off when the coin hits a high later as people buy-in. They want to make a quick buck. Not having a presale eliminates this mass sell-off which equates to more stability for those who buy-in. +3. **Tax redistributed to holders -** Nothing better than gaining coins in your wallet every time someone else sells!!! Unfortunately, this has been a common feature flouted among pump and dumps, so be careful! +4. **Tax redistributed to the liquidity pool** \- And is also locked in for a set time (longer the better). This has also been a feature that pump and dumps claim to do, so do your DD! +5. **Is** ***actually*** **deflationary** \- My knowledge about this is very general, but when the number of coins decreases, then the value of the remaining coins increases. They inherently have more value just with the passage of time as coins are burned forever. There are a lot of fake "deflationary" coins so again DD. +6. **Has a burn plan** \- I like knowing how they are going to handle burns. Burns helps keep the value of a crypto up. + +**Networks:** (There are two main networks that cryptos are on these days.) + +1. **Ethereum Network** \- Most older (and therefore more established) cryptos are on this network. But everyone hates the high gas fees and their transactions are slowww. I don't see people sticking around when they have to pay ridiculous gas fees for every transaction, esp when there is another alternative out there. And especially in this digital age, nobody likes waiting, especially for their own money to show up. I feel like there is a migration underway to use BSC instead. +2. **Binance Smart Chain** \- Newer cryptos are using BSC. Much much lower fees and quicker transactions. For me, it's a plus if it's on BSC. +3. There are others, but for right now I don't mess with any of them. They're the minority. I don't have confidence in them or extended knowledge about them yet. Maybe with time. + +**Resources: (The sites/programs that have helped me)** + +1. **Get discord AND telegram apps** \- **This is a must!** This is how you will be able to do your DD on your crypto and follow their progress. If you don't, you are pretty much walking in the dark. Also, you need both because most cryptos are only active on one or the other, some manage both well but it's a rarity. If they're not in either of these, maybe they have an active reddit or another forum. If they don't have an active means of effective communication with their community, as I mentioned before, I personally won't invest a penny. **\*EDIT\*** How to find their socials: For the most part, I go to their website and find them there. Another way to find them is to go to bscscan or etherscan and find their token tracker page. Under Profile Summary there is a box for Social Profiles which lists all of em. +2. [https://etherscan.io/](https://etherscan.io/) \- For checking your ethereum cyptos and your wallet address +3. [https://bscscan.com/](https://bscscan.com/) \- For checking your binance smart chain cryptos and your wallet address +4. [https://poocoin.app/](https://poocoin.app/) \- Price graphs for any cryptos on the binance smart chain +5. [https://ethplorer.io/](https://ethplorer.io/) \- This shows wallet transactions and balances for your ethereum coins. +6. [https://coinmarketcap.com/](https://coinmarketcap.com/) \- Price tracking website. Coins need to be approved to be added on here so very new coins won't show up in the beginning. This should be something the dev team is working to get listed on. +7. [https://www.coingecko.com/](https://www.coingecko.com/) \- Independent cryptocurrency data aggregator. Need to apply to be on it. Another thing dev team should be aiming to get on. +8. [https://dex.guru/](https://dex.guru/) \- Presents a ton of info on given crypto in an exchange-like format. Price graphs, pool activity, trading volume, trading history, and liquidity. This is fairly new (I think), so I only use it for the info. I don't buy on it yet. I really like the UX of it. I was able to find almost all my cryptos on here minus 2 of them. Not sure why. +9. [https://tokensniffer.com/](https://tokensniffer.com/) \- Mentioned this site already but you can check more than scams. You can find the latest tokens to come out along with contract info analysis for a given token. +**\*EDIT\* Below site(s) added after initial posting:** +10. [https://www.livecoinwatch.com/](https://www.livecoinwatch.com/) \- Just found out about this site. It gives really comprehensive figures on cryptos. + +**Dictionary:** + +1. **Rugged** \- Having the rug pulled out from under you, meaning the crypto was a scam and the funds are gone. +2. **FUD** \- Acronym for Fear, Uncertainty, Doubt +3. **Paper Hands -** Quick to sell at the first whiff of trouble. They crumble like paper. +4. **Diamond Hands -** Holds through hell or high water. "Their hands are described as being "diamond" because they continue holding with such strength that their hands become extremely valuable, like a diamond" -Cyberdefinitions.com +5. **Whales** \- "Whales hold enough cryptocurrency that they have the potential to manipulate the currency valuations " -Investopedia.com +**\*EDIT\* Below definitions added after initial posting:** +6. **DD** \- Acryonum for Due Diligence. "DD is used with the meaning "Due Diligence," to refer to the research and examination of financial records which is carried out before making an investment." -Cyberdefinitions.com +7. **DYOR** \- Same meaning as DD. Stands for Do Your Own Research + +&#x200B; + +**THANKS FOR READING! HOPE IT HELPED YOU AND MADE YOUR JOURNEY JUST A BIT BETTER AND ALOT MORE SUCCESSFUL!** +All 9 of em! I've been lurking for a while, and finally decided to put some money in the game. After trading on a practice account for two months I decided I got a good enough feel of the platform (forex.com) and how trading works to start. + +http://imgur.com/a/1i5yN + +I figure making even $1/mo is better than having it sit in a bank and if I lose my ass, it's a $1000 class in the foreign exchange! + +I've been documenting my trades and what I've learned from each, and I'm planning on keeping my profits/losses under $10 until I gain more confidence in trading. + +Any input is appreciated! +What additions, subtractions, or changes would you make? + +https://preview.redd.it/h6bvw0sw5ds51.png?width=800&format=png&auto=webp&s=8931f5846c5c4ff510d4241bcd8fe79cbf0310f1 +Hi all. + +I am 19 years old, and recently got a job as a warehouse operative paying £8.56/hr for 12 weeks, when it goes up to £10.56/hr. I work 37.5hrs a week, consistently, with a rota that’s planned out into March 2022. + +I’m trying to get hold of some night shifts and overtime which offer a nice bump to pay, too. + +Right now, my main concern is financial independence. So I plan to pay down, as fast as possible, all my liabilities of a high interest rate. + +Currently, I owe approximately £1,136 in liabilities — that’s almost entirely luxuries. Nice things on finance, basically. I want to wipe this debt out early so I don’t get punished by interest rates by paying only a little bit a month. + +I have very few expenses at home. I could actually save up almost all of my income if I were determined and did not spend much. My monthly income is just over £1,200pcm. But I’d like to have some room to enjoy some of my money too. + +Most importantly, I want to get into investing and expand my portfolio of assets & investments. + +Essentially, my goal is, that within five years I will have made, saved and invested enough money to be looking at going back into education, where I can get a degree & achieve what it is I want to do in the longer term. (I’d love to move to Italy one day). + +Given the above, what are my options? What do I do? I was never taught financial literacy as a kid so my wages vanish as fast as I get them, and I hate that. I’d really appreciate any advice. + +Thanks +Ahead of the new £100 contactless limit being rolled out nationally from Friday, I've just seen that Starling bank have launched a feature that enables you to set your own contactless limit. + +To my knowledge, they are one of the first UK banks to offer this (alongside Lloyds and Halifax). I know Starling is popular in this community, so more details [here](https://www.starlingbank.com/blog/new-contactless-payment-limit). +I have 2 kids, my brother has 4. + +My mom and dad are separated, and both have always taken a different approach to splitting gifts of money (e.g. at Xmas, or contributions into JISA's). + +\- My mom has always just given each grandchild £y. + +\- My dad has always given £x/2 to my kids each, and £x/4 to my brother's kids each. + +My dad says if my brother wants to keep knocking out kids, he can but my dad isn't increasing his outlay. + +He also says my mom is now in the position where she will have to either increase her total amount given out, or reduce the amount per child if my brother keeps going. TBF he said this before my brother had the 4th and he was right, because my mom then started dropping subtle hints about how much xmas is costing her. But when I told her to reduce the amount per child, she said she would feel bad. + +I think my mom's method is actually fairer to each child, but my dad's method makes more sense from a financial perspective. + +Interested on hearing which method others would use. +This is my first time purchasing a car so I’m a bit confused about the process. + +Recently my old car had started giving out and that’s concerning given it’s my only car and I need one. My parents were selling an old car of theirs and are offering to sell it to me for 12,000 dollars. It’s a pretty good car and seems to run well, and it’s not very old either. However I’m not in love with the look of it, it’s kind of a tacky car covered in cheesy bumper stickers (as parents do haha) so I started looking online to see if I could find a car I liked a little better around that price range. + +Online I found that the same car they were selling me with the same mileage goes for around 10,000 to 11,000, which is a lot cheaper and I could probably afford better. + +I don’t quite understand interest but I do wonder if it would if the end be cheaper to buy from my parents for 12,000 or from an online used car dealership for 10,000? + +Edit: + + +I’m going to add some FAQs I’ve been seeing, I apologize for not giving much detail + +One thing I’d like to state is that my parents DID get the car new before thinking of giving it to me, I thought they got it used but i was wrong + +1. What kind of car is it? + +A 2014 Subaru Impreza hatchback (I don’t know more than that I’ll have to ask them when they’re not busy) it has bumper stickers all over the back and a dent from when they accidentally bumped a pole + +2. You said you didn’t like the car model, why are you looking for the same car at a lower price? + +This ones my fault, I should’ve clarified. Ideally no I don’t want that car. In looking for other cars I stumbled across the actual asking price for their car. I was wondering if it was a better deal to get it from them since online cars especially cheaper ones can have underlying issues. Again I’ve never bought a car before I’m not sure what’s reasonable for a vehicle. + +3. Is your parents loan interest free? + +Yes. + +4. Are you on your parents insurance? + +No, I’m 25 and live far from home with my partner + +5. Your parents are trying to rip you off! + +No, like I’ve stated I’m pretty sure they just googled their car and put down the first price they saw. They didn’t take into account the mileage or cosmetic damage the car had. They’re not very technologically savvy so if they over priced it was an honest mistake. + +6. Can you ask your parents to lower the price? + +I don’t know. They might take offense to me asking to lower the price + +To add onto this question, a lot of people are suggesting I should’ve shown them the proof the car goes for much less online but here’s the deal. They’re not the type to trust my research because they believe their age and experience tops whatever research I could show them. Me asking for a lower price based on what I found online is like an insult to their wisdom and ability to know things. No matter how much proof I bring their likely won’t budge. + +Update: + +I’ve declined my parents offer, + +While looking at the pros and cons I realized I’m overpaying by a lot and my parents are not willing to negotiate any price with me, I also don’t want to strain my relationship with them by owing them such a large amount of money. + +I’ve read through all the advice on finding an affordable used car here and I’ll definitely take it into account in my search for an affordable car I like a lot better and can actually comfortably pay off with out any emotional strings attached. + +Thanks to everyone who gave advice, if you have more advice on how to find a good used car I’d love to hear more suggestions +Morning guys. How are you faring this fine Monday? + +I'm 30 and I started saving up in the form of ETFs around one year and a half ago. Nothing really fancy, just the typical 90% on IWDA and 10% on EIMI. Buy and Hold, keeping it simple, no trading shenanigans. + +My question to you is: how do you avoid selling when you've made such great gains this last year, when you consider odds are there'll be a major trainwreck within a couple months/years? I know the philosophy of the Boglehead is to buy and not look at it anymore, but now can you justify not selling when everyone and their moms is expecting a bear market relatively soon-ish? + +Cheers and thanks in advance for the feedback! + +**EDIT:** THANK YOU so much for your input. Not only was it important from a behavioural perspective, but I actually decided to do some math and saw how little this'd matter in the long run. After some simulations I've realised that within 5 years the difference between both strategies would only amount to 5% or so. +Everyone will continually tell you to buy in order to boost the value of their holdings. That's it. + +They will reassure you it's "just a dip", another great buying opportunity. That this is "just the beginning". Maybe it is just a dip, maybe it's going to defy gravity forever, maybe it's going to moon in a few months - but no one here really knows that. Any bad news is spun, any good news is hyped. These coins could go down -90% over the next year (just like 2018), and the whole way down you'll still be encouraged to throw money at it. Most people I know into crypto a long time have been cashing out since January/February. While you're pouring money in, we're cashing it out. We're telling you to buy and hold while we are literally fleecing the latest wave all under the guise of "it's okay to take profits every once in awhile". + +I'm sure this will be downvoted and buried quickly, but just to let you know what's really going on + +Edit: Since this is actually getting some attention, to add, I am not trying to come across as a doomsday merchant, I still have crypto. Just be aware of how this really works. It's not complex, in fact it should be quite self evident, zooming right out and looking at the overall picture reveals when the best times to buy were. +Artists are clearly empowered by NFTs and blockchain technology to monetize the secondary market and eliminate ticket fraud which is really great. The music industry is dominated by scalpers seeking chances to resale tickets, but this could happen for any imaginable event, whether it's in the music industry or a football match. + + +Since I found out that even one of the greatest Music festivals - [Exit Festival](https://finance.yahoo.com/news/nft-tix-announces-partnership-europes-145600188.html) in Europe, Serbia is planning on selling NFT tickets by announcing a partnership with NFT ticketing platform NFT TiX, I strongly believe that from the next year almost every possible event would sell these tickets. + + +What do you think? + + +As I further find out, one article said that the partnership will allow NFT TiX to power the festival's ticketing system, moving away from the traditional ticketing providers that have been used in the past to a more efficient and secure blockchain-based system. + + +So, it's actually happening and I'm not surprised since we should really use all the advantages that tech and innovations today provide us. + + +Tbh, I'm not a fan of NFT art and similar stuff, I don't like when something doesn't have any purpose, maybe I don't understand that cuz I'm not a collector, but this is the case where NFTs show us their real purpose and that they may be pretty useful and not just some fancy popular thing that doesn't have any role. +Fairly new to stock investing and considering adding a couple of REIT stocks to my portfolio. Any thoughts or prior knowledge on VICI and MPW would be greatly appreciated. Thanks. +I recently completed a somewhat unique deal and wanted to share it with the sub since I have benefited from the in-depth reviews of others, and because I relied on others in the sub to help me shape the deal during the negotiation period. +In 2017, I purchased my first property, a dilapidated duplex for approximately 150k. I spent about 60k and lots of my own time fixing it up and it appraised for 275k. I pulled all this money out and bought another house, then another. In late 2018, I learned that the person from whom I had bought the original duplex was liquidating the rest of his portfolio, and had three more properties to sell, one of which was in the immediate area and two others about thirty minutes away. I drove by it—another duplex in terrible shape. The hunt was on. + +The mortgage broker who sent it to me told me that he thought of me because the property was a “problem property.” I have developed a reputation with others in the real estate community for having an appetite for large renovations or riskier investments that require some TLC to bring back to rentable shape. + +The property was located in a C+ neighborhood that had probably been a C or C- neighborhood five years earlier. Fortunately, I had lived in a slightly nicer enclave of the same community in the past, so I was familiar with the upward trend in the resident profile. The property had a significant foundation problem. When the original builder had created it in the early 1980s, he had improperly backfilled the foundation with fill dirt and failed to compact it. Combined with the fact that the property was built on a relatively steep slope, the house was “crowning,” or slowly crushing its own slab as the exterior walls were sinking into the ground. This led to a noticeable slant in the basement and a host of other structural problems, which the owner had previously attempted to fix via the cheapest possible methods. There were also some water intrusion issues in both units, as well as a great deal of deferred maintenance. The two units were rented on the Section 8 rental program at $875 and $895 per side for a total rent of $1770.00 per month. + +I requested the property management company’s records and realized that the owner was losing money or just barely breaking even over the past four years due to inefficient management, high repair costs, and under-market rents. I also discovered the following facts about the property: + +* The owner was selling because he was 70+ years old and wanted to divest himself of his real estate holdings. He is a serial entrepreneur that simply lost interest in residential projects. His net worth is likely over 5MM. +* The property was secured by a mortgage of $739 per month, which was part of a portfolio note on the other two properties he had, which I did not want to buy. +* The existing tenants were on month-to-month leases. +* The seller wanted $200,000 for the property. +* The seller was willing to consider creative financing solutions to allow the transfer of his structurally compromised property. +* The realtor handling the sale was the seller’s son. + +With these pieces of information in hand, I consulted with /u/GringoGrande to develop a plan of attack. I submitted the following offer: + +* $185,000 on a note with a 5 year balloon term. +* Seller would loan me $50,000 at a 6% interest rate to cover the structural repair. +* I will pay the approximately $250/month interest throughout the term of the note, which would also be five years. +* I will pay the $739.00/month mortgage or else pay the money directly to the seller during the interim. +* I would assume property management duties as of the date of the sale. +* I would pay a 6% commission to the seller’s son. +* I would cover any repair costs over and above $50,000.00. + +I attached some photographs of the renovation I had completed on the seller’s previous property as evidence of my ability to manage a large renovation project. I also included an engineer’s report specifying the extent of the foundation problem. + +In a couple of days, I received a call from the seller, which included the following objections to my offer: + +* He needed something closer to 200k. + +* He couldn’t transfer the property without a big cash payment to offset the note because his residential properties were cross-collateralized. + +* He didn’t want to loan me $50,000 for a term as long as five years, but he could do it on a shorter term if I showed credit-worthiness. + +* He wanted his son to receive a commission on the property. + + +We went back and forth over the next several days as I tried to overcome these objections. Of particular annoyance was the seller’s “mortgage consultant,” who tried like hell to stymie my efforts and then, when he saw that I was going to get the seller to agree, attempted to get me to pay him a 2% origination fee to submit an application to a local bank for me for a loan product I could have easily received myself. A lesson learned here was to try to cut out intermediaries and hangers-on from the seller. If I had requested a one-on-one meeting, I think I would have had an easier job. + +The ultimate terms of the deal were: + +* A purchase price of $240,000.00. +* The seller would reimburse me for up to $45,000.00 in repairs provided I submitted receipts and lien waivers from subcontractors. I was responsible for anything over that $45,000.00. +* Seller requested copies of my tax returns for the past two years and a personal financial statement. +* The closing date was set six months in the future. +* I had the right to early possession, right to receive existing tenants’ rents, and I had the right to install new tenants and would receive those rents from the date that my earnest money deposit went hard, or 21 days after ratification, when I needed to waive the inspection contingency. +* I would pay $1000.00 per month to the seller for every month prior to closing. + +I had an inspection of the property by a structural engineer in my pocket which told me the cost of those repairs would be around $40,000.00. I knew I could fix the rest of the house up very well for another $40,000.00. With reimbursement, my purchase price for the house was $195,000 plus approximately 5k closing costs. My goal was to get out for $240,000 on the property, rent it for $1250 per side, and own a house worth $280k in an appreciating neighborhood. This would be a very well-performing property in the well-recognized town where I live, where housing prices are quite high in comparison to cost of living. Small multifamily properties generally trade at 0.75 to 0.8% monthly rent to purchase price. This would have been about an 10% CoC return, 14% including principal paydown. Not great, but good for my market, and the property was ten minutes from my house and in an improving neighborhood. + +I ran into a few surprises along the way, to include some very weird plumbing in the basement and a full roof replacement, but I accomplished a nearly complete renovation for about 100k minus 45k reimbursement. The rough breakdown of costs is below: + + + +Item| Cost | Notes +---|---|---- +Roof | 7k | full replacement with some decking +Structural| 43k | 3/4 underpinning, waterproofing, retaining wall fix, replace some framing +Electrical | 2k | trim out, add some lights & outlets +Plumbing | 4k | replumb washer/dryer, new fixtures, add dishwasher +Carpentry | 10k | retaining wall, framing, add fir shutters, rebuild deck +Flooring | 10k | Coretec LVP w/ new shoe molding and transitions approx. 2500 sq. ft. +Holding Costs | 5k | Utilities, rent to seller +HVAC | 2k | disconnect, repair, reconnect after underpin +Painting | 10k | interior and trim, exterior siding, trim, shutters +Dumpster | 2k | 4 dumpsters +Tiling | 2k | backsplashes in kitchen +Appliances & Windows | 4k | two dishwashers, fridge, bathroom vanities, toilets, two new windows +**Total** | **101k**| + + +The 101k figure was somewhat offset by rent I received during the interim from the two section 8 tenants, which was about $1000, plus half a month from my new tenant of ~$700. + +I received a ton of interest in the property during the six months the renovations took, so I knew I had shot too low on the rent in my initial projections. I ended up renting it to two families who were referred to me by current tenants at other properties. The total rents were: $1325 for one side and $1450 for the other. Total rent is thus $2775.00 per month. + +I financed the purchase with a local bank with whom I have a pre-existing relationship. Terms were 15% down, 4.5% 5/5 ARM, 25-year amortization with no balloon. Backing out 7% for vacancy, 6% for maintenance, plus insurance, taxes, HVAC maintenance, and hiring out all the yard work, my cash on cash was 10.63% and principal paydown included was 15.28%. Total investment was 97k including $6200 closing costs, 36k down payment, and 55k repair. There was a substantial tax benefit associated with these repairs and improvements, also. + +This is a good result, and I could have stopped there. But keeping in mind a mantra I had heard from Peter Fortunato and other investors, I started thinking about the “deal beyond the deal.” A family member had recently sold a house and downsized to something smaller as they were nearing retirement. I asked them what they intended to do with the money and they said it was sitting in a savings account earning 1.9% interest. I proposed that they lend me $50,000 of their cash on a note at 7% interest for 5 years. They were pleased to earn a monthly income in excess of a bond return without worrying about fluctuations in the stock market. $50,000.00 at 7% yields a monthly note payment of $291.67. This decreases cash flow from 10.3k per year to 6.8k per year. However, it boosts my return significantly. Final figures on the deal are 14.5% cash on cash, 24% including principal. The house appraised for 330k, and I have no doubt I could sell it for more today with $2775/mo in rental agreements in place. In addition to the cash return, I accumulated about 45k in raw equity before transaction costs on the sale. + + +What made this deal possible: + +1. **Deal Source**. I only heard about this off-market deal because I had previously instituted a “referral program.” I told all my subcontractors, including my mortgage broker, that I would pay them $500 for any deal they brought me that closed. I stole this idea from someone on the sub a few years ago, or heard it on a podcast. I wondered whether the small amount would motivate people, but calling or emailing me with a potential lead is easy enough, and I have received several promising opportunities already through this simple program. I highly recommend it. + +2. **Creative Deal-Making**. The seller and I worked together to create a solution that created more value for both of us. He couldn’t sell the house without the repair being done because no bank would finance. I couldn’t buy it at the price he wanted and cover all of the repair costs out of pocket because it represented too much risk and too much money. We met in the middle, in large part due to the relationship I had with him already where I had closed on a property in terrible condition and turned it around. + +3. **Change course**. When it became apparent that I could spend a bit more money to dramatically change the interior appearance of the properties (flooring, backsplashes, paint, new trim, new sealant on basement slab), I did so, despite deviating from my original plan. This allowed me to charge a rental premium over competing properties in the area and attract a higher income tenant pool. + +4. **Strong network of subs and engineers**. I work hard to develop these business relationships so that I can tackle big projects like this with confidence. When I get an invoice, assuming all the work is complete to my satisfaction, I write the check and mail it that day. If they invoice me electronically, I pay within an hour. I also send them a small cash gift at Christmas and invite them over in the summer for a cookout with their families. I read in the book “Landlording on Autopilot” that for many contractors, this is the closest thing they get to an annual office party where their hard work is acknowledged. This sounds kind of cheesy, but many of my contractors have become friends and they have told me directly that they look forward to attending the event each year. None of these things are earth-shattering and they amount to less than $1000 per year. For people not in the trades, you would likely be surprised at the abuse they endure from homeowners and general contractors alike. At several points in the project, I was able to trade on this relationship to get things done faster and/or cheaper than a normal customer would. I try to treat my contractors with respect like I would anyone in my professional career. They are the foundation of my successes on value-add projects. + +Undoubtedly someone will observe that this is a lot of work for a 14.5% deal. No doubt! If there were easier opportunities to purchase properties in my area that earn 14.5% CoC, I would pursue them instead. If there are, they are very difficult to find. I did very little of this work myself, and mostly directed people on what to do from my computer, which is where I sit all day anyway. Out of curiosity, I searched and realized I sent or received 350 email chains relating to the project. I learned even more about structural fixes, which is a fix niche on which I want to focus in coming years. I certainly made some mistakes along the way, but I am pleased with the final outcome, and believe I will be able to raise rent on both units by 3% next summer. + +I encourage people to continue to think outside the box and write “weird” offers if they make sense to you and seem to solve a problem for the seller. I would have laughed at the letter I sent the seller two years ago because it was so strange, but he was receptive to its key points and we ultimately struck a deal that left both parties very pleased with the transaction. +I hope this write-up has been helpful and good luck to all of you in your real estate endeavors this fall! + It’s honestly such a relief for this to finally be out there and acknowledged. + +[@engwind\_art](https://twitter.com/engwind_art) + +and + +[@ProtocolGemini](https://twitter.com/ProtocolGemini) + + Have been keeping this a secret for so so long. Our favorite stock and NOW our favorite + +NFT marketplace! + + + +Feel free to ask us any questions below! + +**|** + +**V** + +(we won't answer only if we CAN'T answer ) + +https://preview.redd.it/pbpj3h6n3ec91.png?width=576&format=png&auto=webp&s=675b26be3a9cd84c22771e46128bc065540053a0 +Please read this if you have a friend or family member that it Medicare eligible. It could save them from paying a bill they DO NOT OWE. +I spent the day at an educational seminar on Medicare billing. +On October 1st of this year (2 weeks from now), Medicare will be drastically changing the way they pay bills for Medicare services, and this INCLUDES Medicare advantage plans. + +The seminar I attended was for skilled nursing rehabilitation services (i.e. inpatient therapy for a broken hip). + +As with anything Medicare rolls out, it is convoluted, redundant and nonsensical. Most facilities have done little training (or as much as they could), ours was today, and we have to start documenting on it next week. +The charting on skilled nursing patients has to be on point, and in many cases, if nursing and therapy services don’t document properly, even something minor can trigger a rejection. + +It is the majority of facilities standard practice, or sometimes even an automated one, to issue a bill as soon as insurance or Medicare issues a denial. This means your family member could possibly receive a bill because of an error on the facility’s part, or on Medicare’s part. + +Most places will try and correct the issue and resubmit, and that will generally fix the problem. + +HOWEVER, there are two issues: +One, if the process is automated, it may take them several days to find the issue (as I said, the process is new and convoluted), then several days for the billing department to resubmit, then several more days for Medicare to approve, if they choose not to audit the charges, if they do, it could be longer. + +This leads to the second problem. +My grandparents do not generally let bills sit around for long. Even if they do not pay the whole amount, they pay something. If Medicare eventually pays the claim, any payment they put toward the bill will now have to be refunded by the facility. They would have to wait for the Medicare statement to prove the claim was paid, then go through the refund process with the facility billing office. Most facilities are not locally owned, so this would likely have to be done through email or over the phone. + +Our grandparents are in their late eighties and are on a fixed income. IF they even realized they overpaid a bill, they would have no idea where to begin to start the refund process. They would likely chalk it up to a loss, but for some, the money they lose could mean groceries for a week. + +The process will eventually even out and become our routine, but it could take several months. Please speak to your friends and family who receive Medicare/have a Medicare advantage plan. Let them know to put medical bills aside for you to review BEFORE they pay, and to let you know if they receive ANY Medicare denial notifications. Ask them to put them aside so you can review them, and before anything is paid, if something stands out, call the Medicare/insurance office, facility or hospital and verify what was paid and what was not, and if something wasn’t paid, ask of the appeal process was initiated by the facility. + +I know my facility, and most others, are educating the billing, administration, therapy and nursing staff as much as they can to make sure issues are kept at a minimum. +Let’s be honest, though, it’s a new system. The rollout is going across the entire United States, all at once. Somewhere, someone has no idea what they’re doing. Somewhere, someone is going to go to work on October 1st, not having any idea what they’re supposed to do. Somewhere, someone is going to screw up royally and cause a whole lot of people a whole lot of headaches. + +Also, if you know a MDS nurse, give them a hug on October 2nd. If you have some wine available, and some tissues, they probably won’t mind that, either. +Hey all, so my parents are in a tough spot right now and I have no clue how to help them. First, my adult older brother is 38 and for 14 years had a fantastic job which he loved. Unfortunately, he’s ran into some major health problems lately - first, he’s had type 1 diabetes for a while now, and recently a tick bite gave him both Lyme disease and Rocky Mountain spotted fever. He also has a number of other ailments that I’m not sure about, but basically he has a number of bacterial infections and is in bad shape. His body is not reacting well and at one point he had a severe reaction that left him in the intensive care unit for several days where he was apparently close to dying. + +Ever since then, he’s never been exactly right. His main problem is he is extremely lethargic — to the point he can’t even get up in the morning on some days. Some days he’s okay, others not. He’s not consistent enough with his energy levels to be able to work. He’s regularly seeing doctors — none of them have been able to resolve this. He took disability leave through his company since he was so weak. He was able to support himself through this, but unfortunately, they ran out and he has zero savings. So right how, he has absolutely no income whatsoever. He is trying to get better, but so far barely any progress has been made so I'm afraid the end is nowhere in sight. + +He went sobbing to my parents and they felt very sorry for him and agreed to help. But I don’t think they realized what they were getting into. They are both retired, and they are handling ALL of his expenses and bills - and I mean everything — including his mortgage, car payment, medical, groceries, insurance, phone, etc. literally anything and everything he has to pay for, they are covering. He has absolutely ZERO income coming in and nothing saved. But my parents are using more of their income on him than they are comfortable doing. It’s probably no more than three or four days before he is asking for more. + +He has cut all expenses other than the necessities. He has no cable, internet, no other subscriptions of any kind. He explained the situation to his mortgage and they agreed to let him defer some payments for now. And he does have a health plan through the Marketplace but it doesn’t cover everything he is on. He says he can’t file for unemployment because he is not actively seeking a job as his body cannot handle working right now. He did apply for some kind of help through social security that he is waiting to hear back on. And I believe he does plan to sell his house and temporarily stay with my parents until he recovers, but I don’t think that’s going to help the matter much. Sure, the house expenses will be removed, but he still has a ton of other things, plus it could take many months to sell. + +This has been going on for 4 months now and my parents came to me saying they are stressed and have no idea how to handle this other than to keep supporting him. They feel like they have no choice as he will either starve or won’t have the money to get his medicine and he will get worse. I told them none of this is their fault and my brother shouldn't have left his job without having any savings, but then again he had a major medical emergency that nearly killed him and he is still trying to recover from. So maybe I am being harsh. It just kills me to see my parents so stressed for something they had zero involvement with and that isn’t their fault whatsoever. It’s to the point that even seeing a text or a missed phone call from him gives them huge anxiety over what he will need next and how that will impact their situation. Im just hoping there is a better way to handle what is going on. +Good morning everyone! Hope it was a nice weekend. + +*This list is geared towards day trading. With the small cap stocks especially, I am typically in and out very quickly, only occasionally longer than 5 minutes, usually faster scalps.* I am also constantly watching the candlestick charts and observing price action and volume, and you should be doing the same if you want to trade these stocks. Always have a plan when you enter a trade (for profit taking and for taking a loss), and use proper risk management. + +**Main Watchlist (*****over $10*****)** + +* Gapping UP: GME, MARA, RIOT, NETE, IMVT, ATH, CUE, AER, FSR, XPEV, +* Gapping DOWN: NIO, BABA, BILI, OPEN, DMYI, JD, TIGR + +**Small Cap Watchlist (*****under $10*****)** + +1. ANCN: Leading gapper this morning, but couldn't find a catalyst. Currently showing some weakness in price action in the premarket, but holding above new support of 5.48-5.50. +2. EYES: Gapping up on momentum from Friday. Saw a huge day on Friday, so be cautious, as it could be overextended. It may provide good opportunities, but be patient and don't chase trades. Premarket resistance around the 8.50 level. +3. XSPA: Gapping up on COVID-related catalyst. Seeing good volume in premarket, price action looks a bit better than it did earlier this morning. +4. OPGN: Gapping up on COVID-related catalyst as well. Seeing good volume in premarket. Had great price action earlier this morning, things calmed down a bit but I'll be watching to see if things pick up again. Touched the premarket high of 2.69 twice already. +5. EARS: Gapping up but couldn't find a catalyst. Seeing good price action, but I'll want to see volume pick up a bit. +6. AMC: Gapping up on momentum. Reporting earnings this week as well. Seeing good price action and decent volume in the premarket. + +The market is looking to open mixed, maybe slightly in the red to start off the week. SPY is currently trading at just over 383. We are still hovering near a key support point, so we could see more choppiness today. Hopefully the stimulus news helps the market and we see some more strength. I'll be watching UVXY to take advantage of any volatility we see, though. Bitcoin is sitting at just under 51,000, and I'll be watching crypto-related stocks throughout the week. Gold and silver both down at the moment. Marijuana stocks have been quiet recently, but I'll still be keeping an eye on the, GME is trading higher in premarket, and I'll be keeping an eye on it throughout the day. Stay patient and disciplined in your trading, and let's start the week off right :) + +Remember to use proper risk management, make sure you size appropriately for your account, and have a plan for every trade you enter. Happy trading everyone :) +And I am constantly amazed at how many people I work with haven't heard of Ethereum even though our company just became an EEA member. + +We're still early adopters. +Ah yes, I remember Cardano now... it's another product from Charles Hoskinson, the founder of Ethereum Classic (ETC). Big red flag. Several red flags: + +--- --- -- + +**RED FLAG 1** +Charles Hoskinson + +Fired from the Ethereum Foundation for toxicity. Founded the scam coin Ethereum Classic, a zombie project without development designed to confuse new investors. + +Think about this: If one of his digital currency fail, and he makes another one instead of improving on his current one, what makes you think this will be his last work before he abandons it again? + +So you got a guy fired from the REAL Ethereum project, made an impostor, once that doesn't work, he goes on to create another offering, sounds like a sore loser to me. + +--- --- --- + +**RED FLAG 2** +On the Cardano website: + +> Cardano is a decentralised public blockchain and cryptocurrency project and is fully open source. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development team consists of a large global collective of expert engineers and researchers. + +More advanced than the other blockchain? Expert engineers and researcher? Scientific philosophy? What the fuck is this, a freshman essay sprinkled with new-age bullshit, written the day before it's due? + +If taken at face value, it's a pretty big technical check to write and I bet it cannot be cashed. + +If you look at Ethereum.org's main site, they focus on their tech, not competition. + +The intro reeks of amateur hour, and Charles' behavior that got him fired from the Ethereum Foundation in the first place. + +--- --- --- + +**RED FLAG 3** +Their philosophy is all over the place + +> Separation of accounting and computation into different layers +> Implementation of core components in highly modular functional code +> +> Small groups of academics and developers competing with peer reviewed research +> +> Heavy use of interdisciplinary teams including early use of InfoSec experts +> +> Fast iteration between white papers, implementation and new research required to correct issues discovered during review +> Building in the ability to upgrade post-deployed systems without destroying the network +> +> Development of a decentralized funding mechanism for future work +> +> A long-term view on improving the design of cryptocurrencies so they can work on mobile devices with a reasonable and secure user experience +> +> Bringing stakeholders closer to the operations and maintenance of their cryptocurrency +> +> Acknowledging the need to account for multiple assets in the same ledger +> +> Abstracting transactions to include optional metadata in order to better conform to the needs of legacy systems +> +> Learning from the nearly 1,000 altcoins by embracing features that make sense +> +> Adopt a standards-driven process inspired by the Internet Engineering Task Force using a dedicated foundation to lock down the final protocol design +> +> Explore the social elements of commerce +> +> Find a healthy middle ground for regulators to interact with commerce without compromising some core principles inherited from Bitcoin + +The fuck did I just read? + +All of these points are not philosophy, they're just Charles' random thought that's all over the place and has nothing to do with the blockchain tech itself... reminds me of the BS I saw on Tezos... it reeks of delusion, pettiness, and micromanagement of most toxic kind. + +Again, these are checks written that cannot be cashed. If Cardano think they can catch up to Ethereum in terms of industry adoption, technical capabilities, developer ecosystem, Charles will stop it dead in its track. + +--- --- --- + +**RED FLAG 4** +https://medium.com/@classicether/out-of-the-ether-a-crisis-of-irresponsible-governance-facing-ethereum-classic-a77abdd7a9fa + +Charles' behavior is appalling. + +--- --- --- + +TL:DR Stay far away from Charles Hoskinson products as you can, this includes Cardano. +First off, thank you to /u/Hurly26 and /u/rubensinclair for finding/uploading a copy of Morgan Stanley's "The Recession Playbook". Since the comment section on that post is 90% requests for the link, I thought I would make a new post for a discussion of what's in the report itself. + + For those of you who haven't already seen the link: http://www.mediafire.com/file/5py1d1zrii5rr1a/The_Recession_Playbook.pdf/file +On Thursday I was in the shower and I received a text from my bank asking if I spent $100 at "Level up Smoothie King" in Boston, MA. Seeing as how I live in Tennessee and I'm trying to stay away from spending money, I knew it wasn't me. So I freak out and check my bank account and see that someone also spent $300 at Chick-Fil-A in Georgia for some reason. I immediately call my bank and get my debit card stopped and start filing a claim for the lost funds. Also I'll probably be switching banks because everyone I talked to acted like I wasn't gonna get my money back and that I was the scum of the Earth for bothering them. But all that aside, I was just curious if anyone else has had their card charged for that "Level up Smoothie King" in Boston. Because I Googled it and looked at the reviews and there are a ton of reviews saying that they stole money from them. Just seeing if it's happened to anyone else. Also wondering if I need to take any further steps. Poggers +Backstory - I just started a new job making $45,000 a year which is huge for me since I was making $11.50/hr!!! (Single mom with two kids and live in a state with low cost of living) I am budgeting my finances for when I get my first paycheck and after the bills are paid, I’m literally going to have the same amount leftover each month as my old job. WTF. I guess the difference is I can finally afford to live in a rent house but I will be paying about $350/mo for daycare, and paying for healthcare now. I just can’t figure out how people buy expensive clothes or afford car payments, vacations, etc... + +It makes me kind of rethink this opportunity....I was working from home and while the pay sucked ass, I was off in time to pick up my son from school and had a lot of time to run errands and take them to the park and stuff. Idk, I’m just kind of discouraged right now. +I am a school student looking to put my first £500 investment into the stock market as I want to pursue a career of investment managing. I’ve spent the last couple of weeks evaluating different companies (all American due to the larger coverage and information) and found ~12 dividend-paying stocks that I want to buy. I am also looking to put some of the money into ftse250 tracker and a smaller percentage into global clean energy etf. + +The problem is that HL, the provider I must use as my dad has his account with them, only reinvest dividends once it reaches a minimum of £10 pee holding. Now obviously with £500 split between ~12 stocks and two etfs, none of my holdings will be close to that value. +Conversely, if I was to manually reinvest those dividends the trading cost would be too high for it to be worth it and I’d be losing around 2% of my portfolio per month just in trading costs. +I could always just put all the £500 into the ftse250 tracker however I am looking for experience in stock trading and learning from mistakes early on. + +Does anyone have any suggestions as to what I should do? + +EDIT: just done some research into T212. This looks a lot more realistic and the new autoinvest update seems perfect for what I need. +I am a school student looking to put my first £500 investment into the stock market as I want to pursue a career of investment managing. I’ve spent the last couple of weeks evaluating different companies (all American due to the larger coverage and information) and found ~12 dividend-paying stocks that I want to buy. I am also looking to put some of the money into ftse250 tracker and a smaller percentage into global clean energy etf. + +The problem is that HL, the provider I must use as my dad has his account with them, only reinvest dividends once it reaches a minimum of £10 pee holding. Now obviously with £500 split between ~12 stocks and two etfs, none of my holdings will be close to that value. +Conversely, if I was to manually reinvest those dividends the trading cost would be too high for it to be worth it and I’d be losing around 2% of my portfolio per month just in trading costs. +I could always just put all the £500 into the ftse250 tracker however I am looking for experience in stock trading and learning from mistakes early on. + +Does anyone have any suggestions as to what I should do? + +EDIT: just done some research into T212. This looks a lot more realistic and the new autoinvest update seems perfect for what I need. +Hello crypto ninjas! I'd like to remind you that the brand new, badass, community-friendly and EXPLOSIVE token: **KimJongMoon ($KIMJ)** just got released! + +KimJongMoon is a deflationary DEFI cryptocurrency on the Binance Smart Chain network with huge future plans (NFT marketplace, merch store, mini-games, and possibly a CARTOON FEATURING THE SUPREME LEADER HIMSELF (who wouldn't want to watch that???). + +The token has seen an absolutely MONUMENTAL bull run at the start and is climbing rapidly. Opportunities like this don't happen every day! I genuinely believe this token has the momentum to challenge SafeMoon and all the other popular BSC tokens right now. This coin is breaking records. + +***Always DYOR to determine if investing in this token is right for you. This is NOT financial advice.*** + +There's even a video tutorial by the devs on how to buy it if you are new: [https://www.youtube.com/watch?v=ev\_yrDRgB9c](https://www.youtube.com/watch?v=ev_yrDRgB9c) + +**CONTRACT ADDRESS (beware of copies):** 0x737f0e47c4d4167a3eecde5fa87306b6eee3140e + +**EXCHANGE (PANCAKESWAP):** [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x737f0e47c4d4167a3eecde5fa87306b6eee3140e](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x737f0e47c4d4167a3eecde5fa87306b6eee3140e) + +**TOKENOMICS:** \- Total supply : 1,000,000,000,000,000 - 50% Burned - 10% tax on all transactions (5% to holders, 5% to liquidity pool) - Price: $0,00000000001 per $KIMJ - Liquidity: 10 BNB to start - Whale Proof 🚫 (Purchase limit of 500 Billion $KIMJs (0.05% of total supply) + +**CURRENT HOLDERS:** 7.7k + +**JOIN THE FUN COMMUNITY:** Website: [https://www.kimjongmoon.net/](https://www.kimjongmoon.net/) TG: t.me (slash) KimJongMoonCoin Twitter: [https://twitter.com/KimJongmooncoin](https://twitter.com/KimJongmooncoin) Reddit: [https://www.reddit.com/r/KimJongMoonToken](https://www.reddit.com/r/KimJongMoonToken) + Since its’ Q2 earnings call a few weeks ago, Intel Corporation (INTC) shares have plummeted 20% upon announcement of problems with its’ next-generation 10nm and 7nm manufacturing processes. The massive collapse has led to widespread attention among investors, but in reality the situation has been years in the making for those who’ve been paying attention. Today I’d like to look at some of the technical decisions Intel made, why they’ve caused problems and the implications of that on their future. + +**Lithography techniques** + +Lithography is an incredibly complicated process that forms an incredible competitive advantage for those who master it. In simple terms, you put a template of circuit designs (photomask) on a silicon base (wafer) and shine a powerful laser on it [\[1\]](http://www.lithoguru.com/scientist/lithobasics.html). + +Over time, people tried to fit more transistors in the same area – this would lead to increased performance capability, lower power consumption and various other benefits outlined in Dennard Scaling\[2\]. This becomes progressively more difficult over time, as you’re trying to cram transistors into areas thousands of times smaller than the width of a hair. The industry ran into a particularly tricky wall around the 20nm mark, since the size of the laser you used to ‘print’ the circuit design became so relatively big that it couldn’t reliably follow the complicated patterns needed for all the transistors. Two schools of thought developed to address this problem – patterning (using more than one photomask, each with simpler diagrams, and lasering the wafer with each of these templates separately), and EUV (extreme ultra-violet, using radiation with much smaller wavelengths than traditional). Intel saw success with dual-patterning (two templates) on its’ 22 and 14nm process, and chose to go one step further and pursue quad-patterning on its’ 10nm process.\[3\] Meanwhile, its’ competitors TSMC and Samsung chose EUV. \[4\] For reference, Intel themselves have also chosen to pursue EUV for their 7nm process. That might give you a hint as to which was the right choice… + +Other terminology I’ll be referring to in this piece are yield (how much of a wafer is actually useable) and monolithic (the whole CPU is cut out of the wafer as a single piece of silicon) vs chiplets (the CPU is formed from several pieces of silicon stuck together) + +**The problems with 10nm** + +Back in 2013, Intel was in it’s prime. It dominated the CPU market with >90% market share, and was pursuing a tick-tock strategy with its’ chips – every two years you would have a die shrink ‘tick’, then the alternating years you would have a microarchitecture change ‘tock’. In the roadmaps released by Intel, they planned to have their next ‘tock’ of 10nm in 2016. The ‘tick’ – Skylake architecture came, but the ‘tock’ never did. Even today, 4 years after it was supposed to be released, 10nm still isn’t really here. On paper, it was launched with Cannon Lake in 2018 – but the total number of those are in the thousands, if not hundreds. On paper, the ‘mass-market’ generation Ice Lake launched in 2020 but they have incredibly limited supply and offer inferior performance to Intel’s own 14nm offerings. \[5\] The latest update is that desktop and datacentre chips will come in the second half of 2021 – but for reasons we shall soon see it is my opinion that these will yet again be flops. In fact, it is my opinion that 10nm is a total writeoff, and that the design decisions taken at a very early stage have doomed it to failure. When you use lithographic techniques, you are bound to have some defects in your wafer. After all, creating billions of devices tens of atoms in size isn’t going to be perfect. Patterning as a lithographic technique inherently has a higher defect rate than not using it – you’re basically going through the same process multiple times, thus increasing the chance of defect dramatically. As I mentioned earlier, Intel is using quad patterning in 10nm – this means their defect rates are going to be sky high. At the same time, their usage of a monolithic die compounds this problem for high-performance, high core count CPU models. As you can see from the blue wafer below, it’s difficult to draw large squares (high-core count models) that are without defect. In comparison, the red wafer is AMD’s chiplet approach, built on TSMC’s less defect-prone EUV process. + +(Sorry, I copied this post from my blog to not self-promote but I can't insert the relevant pictures here) + +Since you can paste together multiple small CPUs into one bigger one, you use a far greater percentage of the wafer, cutting costs and letting you freely choose however many high-performance chips you want to build. + +Of course, it’s impossible for anyone outside Intel to know the exact numbers for the defect rates, yields and unit costs for 10nm. No doubt they are improving as time goes on,as they always do with a maturing architecture. However, I can say with certainty that + +1. they are currently not yielding at rates that could let them release high core-count server chips in any volume, EVEN AT A LOSS +2. The margins on 10nm will NEVER reach the heights that Intel has traditionally seen. Intel has enjoyed gross margins of above 60% for the last decade. In my opinion, if Intel were to replace their whole product stack with 10nm, their gross margin will never rise above 30%. The maximum price they can release their products at is capped not only by AMD’s offerings, but more importantly their own legacy performance. If Intel attempted to price at a level that would give them healthy margins, their entire product lineup would be outcompeted by their 5 year old 14nm chips on a price/performance basis, and their customers would have no reason to upgrade, decimating their revenues. + +These are bold statements but I believe Intel’s actions over the past few years, and their planned actions over the next few, support this view. + +When you release a new generation of processors, you always want to have it be ‘better’ than the previous generation. This may seem incredibly obvious, but the only exception is when the design has such big inherent flaws that you can’t physically do so. For instance, the Bulldozer architecture AMD released in 2011 performed worse than their own previous-generation Phenom II architecture \[6\], leading to near-bankruptcy of the company, due to the flawed design of maximising core counts from a belief that multi-threaded performance was the future; while having the processor cores shares caches and FPUs, massively reducing the multi-threaded performance of the architecture. Intel finds themselves in a similar situation today. Their design choices made back in 2013 mean that it is impossible to mass produce 10nm high core count chips. This would’ve been fine if their monopoly continued and the mainstream continued to have 4 core, 8 threaded CPUs. Indeed, they are producing Ice Lake laptop CPUs today that have 4 cores. However, the resurgence of AMD with their high core count capable Zen architecture meant that Intel were forced into raising their own core counts to compete – there has been a doubling of core counts across their entire product stack, which is fine on 14nm with its’ double patterning, but not so much on 10nm. The limitations of 10nm mean that current generation chips at the same price point from Intel have 14nm massively outperforming 10nm, with the higher core counts outweighing any density improvements that 10nm brings. Similarly, leaks for the upcoming 10nm Alder Lake desktop and Ice Lake Xeon chips suggest that the maximum number of cores on 10nm,28, will be 33-50% lower than those from 14nm \[7\] – not to mention AMD’s offerings which top out at 2.3x the core count at half the price.\[8\] The persistent lack of chips on 10nm that can outperform their predecessors, despite us now technically being on ‘10nm+++’, suggests that there is a fundamental barrier in the technology that no amount of delays and extra engineering can get past. 10nm is rotten from the very first steps taken. + +**7nm and beyond** + +So now we’ve established just how much of a disaster Intel’s 10nm process is, what about 7nm? It should be better right? After all, its’ built on the superior EUV, rather than SAQP. The market obviously expects it to be Intel’s saviour, given the massive drop in Intel share price was widely attributed to the ‘6 month delay’ in 7nm rollout. While I don’t have nearly as much solid information to go on compared to 10nm, I just want to note a few things. The exact words Bob Swan used in the Q2 call were ‘we are seeing a 6 month shift in 7nm… 12 months behind our internal target… we have identified a defect mode that resulted in yield degradation’. + +There’s quite a lot to break down here. Many people, including analysts on the call, were confused by how 7nm could be both 6 and 12 months behind target at the same time. Have Intel achieved quantum tunnelling of time? The truth is that Bob’s claim of a ‘buffer in planning process’ as the reason, while technically true, is incredibly misleading. In any typical launch of a new process node, you spend a few months getting up to speed – running the foundry through the whole process, troubleshooting, using the produced chips as prototypes to send to OEM partners for them to design products around, etc. You don’t sell the chips produced to anyone. Industry standard is to call this period a tape-out, not a launch of a new process – that’s when you actually produce chips that you sell to people. Bob’s comment translated is that the process is delayed by 12 months, but they’re going to breach industry standard and ‘launch’ 7nm when the first fabs start spinning up 6 months before they have chips in any volume. Sound ridiculous? Well, Intel did the exact same thing with 10nm. Faced with mounting pressure over the constant delays, Intel ‘launched’ Cannon Lake in May 2018. There was 1 CPU in the whole generation, a dual core processor with a clock speed of 2.2Ghz that was slower than the i3-3250 released in 2013 for $20 less than the 10nm part. Not to mention it was nigh on impossible to actually buy one.\[9\] Cannon Lake was an incredibly obvious paper launch, released to appease investors at a time where Intel had just started up its fabs. Ice Lake, the first 10nm architecture you could actually buy (in limited quantities) shipped in September 2019, more than a year after Cannon Lake ‘launched’. This ‘6-month’ delay is nothing more than an attempt to sweetcoat a 12 month delay (assuming no further delays). + +The second part of the comment, relating to a ‘defect mode’, is just as interesting as the first. Intel are attempting to use GaaFeT technology for their 7nm process, though there's conflicting information suggesting they might move away from this if it proves to be too difficult. \[10\] GaaFet, or Gates-all-around-Field-effect-Transistor, is a new and unproven transistor technology that should overcome the technical difficulties current transistor technologies face at increasingly smaller sizes. Unlike normal process shrinks, this is going to a completely new type of transistor and we only have one other comparable in history – the transistor to a 3D FinFeT technology a few years ago. With FinFet, the research process from having a ‘working prototype’ demonstrating commercialisation potential took 8 years. \[11\] Meanwhile, the equivalent demonstration with GaaFeT took place 3 years ago. + +\[12\] While FinFeT and GaaFeT are different beasts, it is undeniable that the plans from Intel, and indeed all other foundries, are incredibly ambitious. The latest leaks suggest that the ‘defect mode’ Intel have ran into has to do with their GaaFeT implementation. If this is true, you could easily see 7nm being just as much of a disaster as 10nm is. + +Beyond 7nm, there are some positives to be [found.](http://found.as/) As we get even smaller transistors, it will be necessary for both EUV and patterning to occur. It's likely that Intel will have an advantage in this area compared to competitors due to their experience with 10nm. At the same time, they are actively exploring chipletbased designs. They might have been late in realising the benefits, but they've finally come around with their EMIB, Foveros and big.Little technologies, all of which I'll explore in a future blog post. + +**Conclusion** + +I’ll leave it to you to decide what the financial implications of these deductions are for Intel, but suffice it to say the baseline scenario is far worse than what many people envision. There is no doubt that Intel will recover from this fiasco, but at what cost? Will it require yet another management reshuffle? Following in the footsteps of AMD, outsourcing production fully and writing off its’ own fabs? Acknowledgement that they will no longer be able to extract incredible margins from their monopolistic position? + +References + +\[1\] [http://www.lithoguru.com/scientist/lithobasics.html](http://www.lithoguru.com/scientist/lithobasics.html) + +\[2\][Dennard, R., Gaensslen, F., Hwa-Nien Yu, Rideout, V., Bassous, E. and Leblanc, A., 1999. Design Of Ion-implanted MOSFET's with Very Small Physical Dimensions. *IEEE Journal of Solid-State Circuits.*, 87(4), pp.668-678.](https://web.ece.ucsb.edu/courses/ECE225/225_W07Banerjee/reference/Dennard.pdf) + +[\[3\]2019 Intel Investor Meeting Presentation, slide 9](https://s21.q4cdn.com/600692695/files/doc_presentations/2019/05/2019-Intel-Investor-Meeting-Renduchintala.pdf) + +\[4\][TSMC PR release, 10/2019](https://www.tsmc.com/tsmcdotcom/PRListingNewsArchivesAction.do?action=detail&newsid=THHIHIPGTH&language=E) + +\[5\][https://www.anandtech.com/show/15385/intels-confusing-messaging-is-comet-lake-better-than-ice-lake](https://www.anandtech.com/show/15385/intels-confusing-messaging-is-comet-lake-better-than-ice-lake) + +\[6\][https://www.techspot.com/review/452-amd-bulldozer-fx-cpus/page13.html](https://www.techspot.com/review/452-amd-bulldozer-fx-cpus/page13.html) + +[\[7\]https://wccftech.com/intel-10nm-ice-lake-sp-xeon-cpu-28-core-56-thread-cpu-benchmarks-leak/](https://wccftech.com/intel-10nm-ice-lake-sp-xeon-cpu-28-core-56-thread-cpu-benchmarks-leak/) + +[\[8\]https://www.amd.com/en/products/cpu/amd-epyc-7742](https://www.amd.com/en/products/cpu/amd-epyc-7742) + +[\[9\]https://www.anandtech.com/show/13405/intel-10nm-cannon-lake-and-core-i3-8121u-deep-dive-review](https://www.anandtech.com/show/13405/intel-10nm-cannon-lake-and-core-i3-8121u-deep-dive-review) + +[\[10\]https://twitter.com/chiakokhua/status/1288402693770231809](https://twitter.com/chiakokhua/status/1288402693770231809) + +[\[11\]https://en.wikipedia.org/wiki/FinFET](https://en.wikipedia.org/wiki/FinFET) + +\[12\][https://www.researchgate.net/publication/319035460\_Stacked\_nanosheet\_gate-all-around\_transistor\_to\_enable\_scaling\_beyond\_FinFET](https://www.researchgate.net/publication/319035460_Stacked_nanosheet_gate-all-around_transistor_to_enable_scaling_beyond_FinFET) +While a police report have been made against Do Kwon, on behalf of UST and Luna investors in Singapore, CZ is publicy asking on twitter where the BTCs are, that were supposed to buyback Luna. + +But in the meantime Do Kwon making proposals to fork a worthless coin on a wortless chain? He is supposed to pay whats left back to the investors, but all he does is working on a second version, that is not containing any concept or priority on making anyone whole again. This is starting to smell pretty fishy. Is this rapidly turning from a failing algostable into a fraud? +Don’t get too ready for a market crash. We all know what it means that the debt ceiling is no longer suspended. We know what it means that the eviction moratorium is over. This doesn’t mean that fuckery isn’t occurring all over the place and the markets will react instantly. Be patient. Buy Hodl Shop. Get your tits jacked if that’s what your into, or go to your zen place if that’s what you need. All in all, don’t expect anything to happen how it’s supposed to. +I have been tracking house prices since the start of the year. An obvious question for today - How does COVID-19 affect our House Prices? + +One way to answer this is to look at how vendors are changing their listing prices. You can see a general downwards trend across suburbs, with the occasional property dropping 10% of their listing price within only a few weeks - At least for prices in my area (Melb Inner North). This data is all online and interesting what your take is on Property Price Changes: [https://pricedata.properties/pricechanges](https://pricedata.properties/pricechanges) + + +I invest in Indian stocks using zerodha because I really like how they bootstrapped their company, continue to run it. Their culture (like not having any trackers in the emails they send and their focus on customer security and education) I have been thinking about using Vested (not considering INDMoney because it's also a finance tracking app hence I can't really trust them when it comes to privacy ) for investing a little bit in US stock but wanted to know from other people how their experience has been are there any red flags that one needs to be aware of? +I posted this on r/LeanFire last night and it's been fun reading the various replies, so I thought it would be fun to see people's answers here as well. +I currently work in IT leading a large team and make around 300K/yr. I have an offer at a smaller company (highly-ranked private equity) to lead IT. I would make around 600K starting salary there. + +Current job is a 60 min commute, but I have been WFH since the pandemic. I have excellent job security. I lead security, compliance, and IT. + +New job is a much smaller company, with a smaller team. Commute would be 75 min, expected 5-days a week in the office officially (although they are WFH for now). Totally unknown job security, but I assume private equity expects results. Yesterday. I would not lead security or compliance, just IT. + +Wife makes \~500K with excellent job security. We are in a VHCOL location. We can technically survive on her salary alone, but it would be very tight. (Nanny, clubs, etc). + +Total NW \~3M. Total NW minus home \~1.5M. We currently save around $150K per year -- effectively all of my after-tax salary. We started working/saving late. Significant inheritance likely but not counting on it (crazy fam). Have small children. + +Pros/cons on the private equity job? What else should I ask for if I take the job? + +Are we on track for a comfortable retirement as-is? With 20 more years of work, and a 7% average return, I am estimating we would retire with around $12MM. Is that enough? Is the extra 150K/year worth the potential risk and downsides of the new job? We would likely save almost 100% of the new salary. I calculate around $18MM in 20 years if we can save 300K/year. +**Nickel Token! TODAY IS THE DAY!** + +&#x200B; + +🚨Launching **Oct. 24 @ 5PM PST!** + +I'm so psyched for this one, there's a very experienced team behind Nickel and the buzz in Telegram is off the charts. + +&#x200B; + +**Introduction** + +Leslie David Baker, aka Stanley from the “The Office”, and Sardar Khan, actor from “Sons of Anarchy” as well as Tupac’s protege back in the 90’s when he partnered up with the "Outlaws" for their side project called "The Havenotz" create a cryptocurrency connecting artists and their fans through NFT technology. + +&#x200B; + +**What Is Nickel Token?** + +Nickel is a decentralized utility token being launched on the BSC Smart Chain. This celebrity backed BEP-20 token will bridge the gap of entertainers, artists, athletes, and content creators to their fans through NFT blockchain technology. + +&#x200B; + +**Nickel Token Links:** + +🖥 **Official Website** [https://nickeltoken.io](https://nickeltoken.io/) + +📲 **Official Telegram** [https://t.me/StanleyNickel](https://t.me/StanleyNickel) + +🐥 **Twitter** [https://twitter.com/nickeltoken?s=21](https://twitter.com/nickeltoken?s=21) + +&#x200B; + +**Nickel Tokenomics:** + +✅5% Marketing/Ops/Dev + +✅2% Nickel Reflections + +✅2% Liquidity Pool + +&#x200B; + +**Features:** + +✅Doxxed team + +✅Donates to charities + +&#x200B; + +**Incoming:** + +✔️DAO + +✔️Swap on website + +✔️NFT Ecosystem + +✔️Whitepaper & roadmap + +✔️Techrate audit coming + +✔️Celebrity & influencer marketing + +&#x200B; + +*Not Financial Advice - As Always, Do Your Own Research* +I just got an email from Admiral Insurance telling me that they're issuing everyone with an automatic £25 refund per car since they've been paying out fewer claims due to the lockdown. While I'm glad that we're getting a free 50 quid in our pockets, the cynic in me has been trying to work out if there's any up-side for them, or is this a genuine case of an insurance company just doing a decent thing? +So many stupid people saying But ethereum cant be worth more than apple blah blah etc. They are stupid. compare cryptos to the total amount of currency in the world. 100+ trillion or however much there is, its hard to get an accurate figure. +With the Chinese Central Bank ending stimulus and the Holding Foreign Companies Accountable Act going into effect we have seen a mass selloff of Chinese securities as of late. This selloff has affected almost all Chinese companies only sparing a few that are involved in NFT and Bitcoin plays. This week alone $BIDU is down 22%, $BABA is down 6%, TIGR is down 22%, and FUTU is down 16%. These companies have shown strong growth and some even had amazing Q4 for 2020 during a pandemic (FUTU had a 281.6% increase of total revenue YoY for Q4). Below I am going to explain the two main reasons I see this sell off happening and why I believe it gives a unique buying opportunity. + +**· China Central Bank And Government Ending Pandemic Stimulus, Tighter Liquidity Market (1)(2)** + +With China being the first major country to come out the other end of the pandemic the China Central Bank and government announced they will be ending the stimulus stance taken during the pandemic to prop up the economy. China is the first major country to emerge on the other side of the pandemic and has returned to normal even in places like Wuhan. With this returning to normal the china central bank has stopped stimulus measures as the worry of inflation creeps in causing stocks of Chinese companies to sink due to more restrictions on flow of money. Additionally, china has continued to crack down on credit use and ease lending worrying about high default rates and companies being over leveraged. This is one of the many reasons ANT was blocked (as well as internal country politics). While many would see this as a sign to be worried it is in fact quite the opposite. China is now positioned to grow rapidly while the rest of the world continues to be weigh down by Covid all the while doing its best to control inflation and risky lending ensuring a bright future for the Chinese economy. No longer having a need for stimulus is a bullish sign not a bearish and should be celebrated. + +**· Risk Of Mass Chinese Delisting, Holding Foreign Companies Accountable Act (3)(4)** + +On Wednesday March 24th the SEC moved to enact the Holding Foreign Companies Accountable Act (HFCA) which requires foreign companies to allow regulators to review financial audits of overseas companies as well as requires companies to submit documents to prove they are not owned by a government entity and list any board members who are government officials. Anyone who has dabbled in foreign companies will know that the vast majority report unaudited results. Doing so going forward could mean ejection from the NYSE or Nasdaq. China itself restricts what information companies can provide to foreign auditors so even if a company wanted to abide by this new rule it may be difficult. Additionally, the Chinese government is heavily involved in many of the major corporations that operate within China. This spells potential doom for a fast majority of Chinese companies currently listed. To be clear I am 100% for financials being audited and I would love for this to be a thing. I think the fear of government influence in companies is overblown and the US itself heavily plays with the scales of companies that operate in the US, think the bail outs as well as tax breaks for major manufacturers (Boeing). I see all of this as sabre rattling by both sides and since this is a Trump law it is unlikely to continue as is without some tweaks under the Biden admin. It is very unlikely that the us government is just going to mass delist so many companies wiping out trillions in us dollars (big banks invest in these companies!) as the firesale happens before they are ejected from the exchanges. A likely compromise will be reached quietly and both sides will claim victory. + +**TLDR:** Chinese dual listed and ADR stocks are taking a beating due to a new us law, Holding Foreign Companies Accountable Act, as well as China central bank and government ending pandemic stimulus. This has created a unique opportunity where many Chinese companies, ones with healthy books and set for expansion, are selling off. I believe the fear around US mass delisting Chinese companies is overblown and that the Chinese economy is set to continue its expansion in the coming years and that the end of stimulus was due. I see this as a great buying opportunity to get on great companies well below price. This sell off may continue for a few weeks but will come to a halt once the SEC law is changed / rescinded and good economic numbers come out of China. In the coming weeks I will be looking to expand my current holdings in TIGR, FINV, QD, and open new positions in FUTU, CLPS, BABA. Remember: “Be greedy when others are fearful” - Warren Buffett. + +News Article Links: + +(1) [https://www.bloomberg.com/news/articles/2021-03-24/chinese-stocks-15-plunge-shows-what-happens-when-stimulus-ends](https://www.bloomberg.com/news/articles/2021-03-24/chinese-stocks-15-plunge-shows-what-happens-when-stimulus-ends) + +(2) [https://www.ft.com/content/a508addb-fbad-4708-b533-8180e60a1528](https://www.ft.com/content/a508addb-fbad-4708-b533-8180e60a1528) + +(3) [https://www.cnbc.com/2021/03/25/chinese-tech-stocks-fall-as-us-sec-begins-law-aimed-at-delisting.html](https://www.cnbc.com/2021/03/25/chinese-tech-stocks-fall-as-us-sec-begins-law-aimed-at-delisting.html) + +(4) [https://www.scmp.com/business/markets/article/3126866/hong-kong-stocks-enter-correction-us-implements-law-audit-putting](https://www.scmp.com/business/markets/article/3126866/hong-kong-stocks-enter-correction-us-implements-law-audit-putting) + +P.S. The above is my opinion, make sure to do your own DD folks. + +Edit: Sorry I haven't replied to any comments yet, will try to go through tonight and reply to them. Thank you for your awards. +Hi guys, since the news came out that HSBC and Standard Chartered have both publicly backed China's security law for Hong Kong I'm looking at alternatives for my current account (I bank with HSBC at the moment) + +I've done some digging into ethical banking and think I'll go with Triodos but am open to suggestions. + +Do these sorts of news stories impact you at all? +Is there any fund which is not limited by Absolutely any kind of constraints (like big cap, multi cap, domestic equities, concentration risk , churn rate, expense ratio, company profile etc.) and solely aims to give the investor much much higher returns than indexes with concomitant risk? + + +Edit: Say a fund invests in IRCTC just to make some quick buck or any other fast growing but not proven company. + +I mean truly unrestrained in all possible sense, only to be judged by the returns it gives. Something like that of Jim Simmons. +Snowflake (SNOW) will go public today. The data warehousing company will be the biggest IPO of the year and it has gotten a lot of attention lately. Salesforce and even Berkshire Hathaway will both be buying 3.1 million stocks, good for $500,000,000 in total. They got to buy them for $80 per share. + +This week, the company's underwriters have upped the price range from $75-$85 to $100-$110, which is an increase of 31% due to greater demand. They then decided that this was still not good enough so the stock will go public at $120 per share.They reportedly increased share price to $180 just an hour before trading. + +Can this be justified? Maybe. Their revenue increased with 130% in the first half of the year yoy. They're on track to bring in $500 mln in revenue this year. We all know that investors get really excited by cloud companies and pay a hefty premium for them, because they keep generating revenue during lockdowns and high growth rates are expected to continue over the coming years. + +Now, here's the quote we've all been waiting for: + +"For the investor, a too-high purchase price for the stock of an excellent company can undo the effects of a subsequent decade of favorable business developments." + +The irony is that Buffet himself is involved in this highly priced IPO. Yes, we all know that the company will probably do great over the next few years. The data warehousing industry will have a size of around $35 bln in 2025. That's just a little bigger than the current market cap of Snowflake($33.3 bln). Last February, they were only valued at $12.7 bln. Their PS-ratio would be around 100. What you really should be asking yourself is: how much of their expected growth is already priced in? Are you willing to pay 50% more than that institutional parties had to? + +I'm not saying whether to buy in or not, I just wanted to give this piece of advice by the Oracle to you. Never buy out of FOMO and good luck investing y'all. + +EDIT: Reuters reports that it will open at $235/share. That would put their market cap at $65 bln. + +To add one of Buffet's quotes: "IPO means It's Probably Overpriced" + +EDIT2: SNOW OPENED AT $245, CURRENTLY UP 130% +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#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 /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) +Alright gents. I have a substantial holding in DW8 since 3.5c and have alot of confidence in the company. Probably the only one in my portfolio I consider a legitimate investment. Their past announcements have been terrific, but it looks like they're gonna turn red for the first time since I bought in, maybe even today if shit goes south. The B-S ratio is fucked and doesn't look to be recovering anytime soon. + +Is anyone selling out and buying in again in the next few months? Or are you riding this out? + +Edit - Buyer ratio is clawing back 👌 topped up at 0.46 +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). +Updated: I think I understand what it means. + + +This was filed today, I'm not sure how big of an impact this is but.... + + + FICC has been notified of J.P. Morgan Securities LLC’s intent to close its JSBA, JSGU, JSCG, JSCT & JSCW Clearing and EPN accounts effective June 24, 2021. + + FICC will publish the final termination notice once all obligations of J.P. Morgan Securities LLC‘s JSBA, JSGU, JSCG, JSCT & JSCW Clearing accounts have been satisfied. + +[https://www.dtcc.com/-/media/Files/pdf/2021/6/16/MBS991-21.pdf](https://www.dtcc.com/-/media/Files/pdf/2021/6/16/MBS991-21.pdf) + +&#x200B; + +Can any other wrinkle brain explain why they would be closing these accounts all of a sudden? And the fact that it was addressed to ALL MBS participants of the DTCC + + + +Edit: it looks like it's been posted and someone has been saying they're holding cash.. + +I looked at the recent comments of Jaimie Dimon, he's saying that he's keeping cash because inflation is here to stay? + +Update: After seeing around certain comments and doing more digging, this is my opinion is that they're closing these accounts because they don't want these accounts to be included in the payout when the other members are forced to cover for those that couldn't when MOASS happens? + +https://www.dtcc.com/~/media/Files/Downloads/legal/rules/nscc_rules.pdf This should explain some of the reasons why these guys don't want to stick around. + +Another Update /u/whiteguywhocandance commented that these accounts MAY belong to "Jane Street LLC" + +So looking into Jane street even more, They seem to like this stock "Gotu" Back in January it was pumped to $143. Melvin Capital had calls on this company during the time of the pump. Suspicious? + + + +TLDR: What I'm reading is that if a defaulting member runs out of funds/assets to cover their debt, anything owing will affect other participants until all debts are satisfied. + +ELi5 - They're jumping ship because they don't want to pay for the bill when MoASS happens. That's why they're closing as many accounts possible and just sitting on cash. +After all this time and so much unknown. So much brilliant work by the DD writers. So much exposing of corruption. So much of them trying to predict and counter GME's moves by following the sub. (Like shorting on Bastille Day LMAO.) Or trying to get ahead of the marketplace launch. Met with nothing but silence. Looks like it all paid off. + +For the first time, it feels like they're the ones vulnerable to our side. They're so close to the line. With the way the rest of the market is, their moves are restricted. Meanwhile, GME hasn't fired a single shot. Just gotten everything lined up. You know what they say? When you come for the king, you best not miss. + +Next week the line will be less than $145/$150. We're even lined up with the VW squeeze. ([https://www.reddit.com/r/Superstonk/comments/vjw4ux/this\_is\_it\_everyone\_you\_are\_here\_today\_is\_the/](https://www.reddit.com/r/Superstonk/comments/vjw4ux/this_is_it_everyone_you_are_here_today_is_the/)) + +Personally it feels like 0D30 is as close as it's ever been. It's been an absolute pleasure and I look forward to the show. 🫡 +$Baby EverDoge has taken the crypto world by surprise. Less than three days old and already hit a 3 million marketcap. This token has been trending on dextools since its launch. The community is extremely active and helpful. Global communities are growing, the Asian communities are really hyping up and putting in the work to make this token known to the world. Baby EverDoge has ALREADY been listed on on Coingecko and Coinmarketcap will be coming soon! Be sure to get in before it’s too late. + +This coin also has implemented a kraken system set to buy back in periodically to help the token grow. you won’t ever see three sell transactions in a row. Baby Everdoge is an accumulation of 3 separate meme’s but is implementing real utility into their token such as creating a IDO launch pad and swap. + +Aside from all the Baby Everdoge has already been listed on 2 other exchanges in China, CoinW and ZTB. + +This project is growing so fast you do not want to miss out. + +Tokenomics: + +6% goes to Buyback Tax + +3% goes to marketing + +2% gets redistributed to the holders. + +🌏 Website www.babyEverDoge.com 📱 Telegram Community [https://t.me/BabyEverDoge](https://t.me/BabyEverDoge) 📄 Contract address: 0x06c4212ae2fea51a27a045d968e73f7e91ea5521 + +Be sure to join the telegram, any questions you have will be answered. The team and the community is really great and there have been lots of big marketing coming soon. +I'm not sure how it works but I'm imagining Starlink will provide more coverage and lower rates. And once the satellites are up, they will have a monopoly on internet. + +Is that the end of our local telecom business? + +Are we witnessing the beginning of a worldwide monopoly on internet access? How do I invest in this? +We are discussing with my parents on how to split their property between my sister and me, since they are getting older and we all want to sort it out early to avoid any misunderstanding later. + +They own a building with 2 floors (1st and 2nd floor), built around 2005 (let's call it the "new" one) which they built themselves (didn't just buy it), and a fairly old one and substantially smaller, with a ground floor and a 1st floor, built near the 80s. + +On the "new" building, the 2nd floor is the one we were living as a family all these years so it was equipped with pretty good furniture, but on the other hand they have been used by us for near 15 years. The 1st floor is still under construction, and we are trying to finish it in the next 2-3 years so it will be made new, but with a substantially lower budget compared to the 2nd floor when it was built. + +On the "old" building, the ground floor and the 1st floor are pretty much equal. + +Naturally, my parents want to make a fair split between their 2 children. So they proposed to make two packages for us to select which we prefer: + +A: "New" building 2nd floor and "old" building ground floor + +B: "New" building 1st floor and "old" building 1st floor + +Matching this way the inherently higher value of the 2nd floor with the inherently lower value of the ground floor from the "old" building. In theory, the value of the 2 options are equal. The houses are both in the same region, in the same neighborhood even. Finally, I am currently living in Germany and will probably stay here for many years, so I will not need any of the houses in my home country to actually live in there soon. + +Which of the 2 options would you choose? +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. +I am 24 years old so I am willing to take on more risk when investing in stocks. I am wondering the advantages of owning dividend stocks and using reinvesting those dividends instead depositing from other bank accounts. What are some dividend stocks that combine the dividend and also have potential to grow? +I was wondering what this sub thinks about the philosophy behind minimalism. Is there something people could learn from it or do the ideas not resonate with your personal lifestyle at all? What's your take? +A few weeks ago a guest at our little boutique beach resort in Mexico told me that one of the big draws to choosing Gecko Rock was that he'd read about it in this sub and was intrigued at how our business related to Financial Independence. + +I was surprised because (A) I am not a member of this sub and never posted in here about our business and (B) I have actually read through this sub on multiple occasions but didn't feel that the FIRE concept really aligned with my personal beliefs with regards to savings & life planning, etc. - which is why I never joined. + +At any rate, we discussed the topic to great degree and while many of my life choices fall along a similar vein (i.e. creating a financial reality differing from the norm), I personally prefer to take some of my retirement every year while I am young and can truly enjoy it versus saving it all up for the end. + +I just turned 40 this year and so while I still feel young, I look back at the last 20 years of my life and see a world of experiences that would be impossible (or at least improbable) to recreate in your 40s or 50s, let alone 60s and beyond. + +I understand the basic tenets of yearning for FIRE but I can't help but see the major pitfall of giving up the best decades of your life in order to avoid work at a time in your life when you either can't or no longer desire to do certain things. + +A friend of ours dropped dead at 58 last year with millions of dollars in the bank. He had just retired at 57...which isn't crazy young, but young enough when you're talking about retirement. + +I realize that I'll likely get a lot of answers here about budgeting in enough money to enjoy life while still piling on the savings/investments but I am also curious if there are others out there who think like me. I don't mind working until I am 75 just as long as I get 2-3 months off from working every single year along the way. + +**EDIT: Welp, this blew up :)** + +Lots of interesting stuff in this thread and I'm not ashamed to admit that to a certain degree I was ignorant and didn't fully know what I was talking about. + +I was definitely under the impression that most people seeking FIRE were hoping to call it quits with multiple millions in the nest egg. It never crossed my mind that someone "retiring" at 40 might only have $500-$600k in the bank with plans to live very frugally off 4% of the nut annually. + +On one hand that helps me to understand the concept more, while simultaneously raising a whole slew of new questions. + +I would like to address the presumption that I am "blowing all my money" on frivolous material goods as this is not the case at all. I am not against saving for the future and when I said that I don't mind working until 75 I certainly didn't mean working a full-time slave-labor type job. I actually live a pretty frugal existence and by far and away my #1 expense is that I enjoy having periods in my life when I am not working and therefore not earning. + +I was simply questioning the concept of saving such a high percentage of your income during the best years of your life (I still stand by my assertion that your 20s and 30s are pretty prime decades for living) in order to get out of the game at say, 40. + +Just questioning, not judging. + + +We made it through the battle today and are UP 69% (nice). The hedges are only getting more desperate after the put options that expired today but REMEMBER: they have at LEAST 2-6 days in the market to pay these off, and likely have MANY MORE options expiring in coming weeks. With the lack of shenanigans today I predict an extended-hours ladder attack is incoming when many retail traders are sidelined from the action, combined with another media push of scare tactics incoming this weekend. We were caught off guard with the RH bullshit but hopefully enough people can get set up with Fidelity next week to even the playing field. But above all else: fuckin hold and we're golden + +DON'T TRUST EXTENDED HOURS PRICES TODAY OR MONDAY MORNING. + + DON'T TRUST ANY MEDIA HITPIECES CLAIMING THE SQUEEZE IS OVER THIS WEEKEND. + +THEY WILL TRY TO KILL THE HYPE WHEN TRADING IS DOWN AND CAUSE A MONDAY SELL-OFF. + +HOLD. THE. FUCKIN. LINE. + +*obligatory 'not a financial advisor' BS goes here, we just like the fuckin' stock* +Guten Morgen to this global band of Apes! 👋🦍 + +Today is a holiday in the US, and the US stock exchanges will be closed. The German markets are open, so I will be covering the entire session. + +Apes, last week was certainly eventful, with the most obvious example being the incredible downward price pressure that the SHFs are using to try to drive Apes away. At the same time, they're planting narratives in the media, taking on unusual outside investment, and trying to gain as much attention on things *other* than the crimes of Kenneth Griffin and the other institutions who are short against GME. I'm sure their hope is to create seeds of doubt in the minds of individual investors who might otherwise be inclined to FOMO into GME when they see the price start to rip. + +Meanwhile, Apes continue to Diamantenhände their shares, HODLing and DRSing furiously. There may yet be time to DRS and have your shares counted in the end-of-quarter report, which will give us some incredible visibility into the effectiveness of our DRS efforts. There may come a day when we have enough of the float DRSed to prove to the world that naked shorting has created phantom shares, and potentially trigger a process that unwinds their illegal positions. Whether that sparks the MOASS or not, the SHFs will continue to struggle daily to maintain their short positions, and at some point will be unable to do so. And as long as they continue to drive the price down, Apes will continue to average-down and lock the float even faster. + +Today is Monday, January 17th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 840 minutes in: **$119.08 / 104,03 €** *(volume: 10312)* +- 🟥 835 minutes in: $118.79 / 103,78 € *(volume: 10297)* +- ⬜ 830 minutes in: $119.05 / 104,00 € *(volume: 10168)* +- ⬜ 825 minutes in: $119.05 / 104,00 € *(volume: 10081)* +- ⬜ 820 minutes in: $119.05 / 104,00 € *(volume: 10078)* +- ⬜ 815 minutes in: $119.05 / 104,00 € *(volume: 10073)* +- 🟥 810 minutes in: $119.05 / 104,00 € *(volume: 10073)* +- ⬜ 805 minutes in: $119.13 / 104,08 € *(volume: 10068)* +- ⬜ 800 minutes in: $119.13 / 104,08 € *(volume: 10055)* +- ⬜ 795 minutes in: $119.13 / 104,08 € *(volume: 10053)* +- ⬜ 790 minutes in: $119.13 / 104,08 € *(volume: 10050)* +- ⬜ 785 minutes in: $119.13 / 104,08 € *(volume: 10026)* +- 🟥 780 minutes in: $119.13 / 104,08 € *(volume: 10019)* +- ⬜ 775 minutes in: $119.19 / 104,12 € *(volume: 10019)* +- ⬜ 770 minutes in: $119.19 / 104,12 € *(volume: 10019)* +- ⬜ 765 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Today's euro -> USD conversion ratio is 1.1447. 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! +BTC crashed -55% in May 2021 still made All time high with in only 6 months. + +BTC had a pullback of -25% in September 2021 still made all time high in a month. + +Yesterday BTC had a pullback of -23% and we are going to make another all time high. ^(high on hopium) + +All these pullbacks are always healthy for a long run the whales will shake you out and then take the rally up without you. + +Even we had a bigger pullback yesterday we still would have maintained a bull market like in May 2021. Extreme fear brings opportunities. Buy if you got the funds just like Michael Saylor and El Salvador did. + +Don’t believe those Journalists who call it a bear market on a 20% drop. When there’s a bear market you will see it, ALTs don’t make ATH during a bear market they actually drop 70-80%. + +Edit: **I meant to say BTC had a -23% pullback until yesterday** +This started after 1 particular trade where i longed btc at 40k and fully tp at 44k then watched it shoot to 66k like it was nothing. I was upset i didnt atleast leave half of my position run. my plan was if it lost 50 ema on hourly i would sell, but it didnt and i still sold cuz i was happy with my profits/ afraid to lose what i gained. Man it was painful to see it moon after selling. All of a sudden my subconscious is expecting a move similar to that everytime i enter a trade now, thus ignoring my tp's and aiming for the moon. Everytime itll reach a key level of resistance ill say to myself "nah that level will only offer a small rejection then bull flag and go higher" instead of my original gameplan of taking half off and trailing stop according to ms. And this emotion lost me money when i shouldve gained 5x as much. + +Obviously i know what im doing wrong but does anybody have a perspective on this that eases your subconscious/emotion? Ive been trading/learning for 8 months now and things started really clicking for me recently and been profitable until this happened. I would like some advise or perspective that might help it will be appreciated, id rather convince my emotions instead of fighting against it everytime im in a trade. +Hi my names Colin. +This post is going to be very much emotions and how I feel right now in life. + + +I've grown up and lived in poverty all of my life. My mom and dad. +I currently work as a line cook at a local bar thats about a mile or less away from my house. +I am fortunate to have such a steady job so close to home that pays well. +I barely passed through high school. Due to many factors but I was a slow learner a shut in and lived an unhealthy lifestyle at home. I got a job right out of HS and it improved my work ethic greatly. + +During the last year I did make bad financial decisions and did not save my money properly. +I learned how to save up money and be frugal over the winter. As I had barely any work hours or money. + + +I live in a small cottage thats 500 a month it's very tiny but big enough for me and my girlfriend. +The internet is now $90 and my phone is 35 but i do not pay my cellphone bill myself. I used to and when i can afford to i want to. I plan on opening up a bank account with my tax return and not touching it and putting money into it to save for an automobile or some sort of automotive transport. + + +[21/mtf] she is transgender and hasn't been able to get her medication covered since we've been together for 2 years. We do have healthcare we merely don't get much time to go to the doctor. +She does not work and is very apprehensive and scared about taking action in her life. She was homeschooled but never actually got her ged. The place I work at she would be able to get a job but it requires a ged. It bothers me and we have other personal issues. If she could get a job I feel we'd be doing much better. I hope she can get her meds soon. + + +During clear days I ride my bicycle to work. Even if it's cold sometimes. + + +I live up in ohio near lake erie. It snows a lot during the winter and is hard to traverse without a car. I rely on my family members who are my safety net. They pay for my communications bills right now. +They bring me everywhere I need to for important things only. + +Groceries, Laundrymat, doctors. +I have to fit to their time schedule and have to fit my life around when my family can take me places. + + +I haven't had a hair cut in nearly a year now. I need one due to my job. +I am on EBT in ohio. Without ebt I would not be able to afford rent during the winter and put money aside. + + +I can and never will be able to repay my family members for the money they have covered for me when i missed proper rent because i did not have enough money. If it wasn't for my girlfriends mother getting a new job position we'd be screwed. + +I make around 9.15 an hour I got a 15 cent raise a few days ago. +I live in a village thats a vacation spot. It's mainly seasonal work during the summer for teens and young adults. The Pay is awful for most of the jobs though. As the work up here at most of the resort/amusements is targeted at teens. + +I live in an area that is 5 miles or more from the nearest town. +The local town isn't very far by car. But by bike it takes 45 minutes to an hour or more. +The road I travel to town is very busy and is a straight away so often cars drive recklessly. It scares me I've done it before but I'm often times sweaty and too tired by the time I get home. + +I moved up from west Virginia to live with my girlfriend because I wanted to move away and be happy. I'm pretty happy that she still loves me. But I am unhappy and depressed about my financial situation. + +I want to find another job. I was recently offered a job up at a factory as a janitor. I was told by the employer I'd make $700 dollars every too weeks. The man who offered me the job guaranteed me it too. But I don't think I'd be able to keep my promise because it's so far away from my house. + +But I got scared because I told him I do not have my own car. This is contractual work. What if I miss a day or I show up late because of my bike. My family members did offer me help. But they drive me to work during the winter already. It's still winter near spring It's cold out I can't bike 5 miles in the cold than come home at night fora 5 mile bike ride. I do not have lights on my bike. + +I want to buy a car or a scooter or moped or motorcycle! I just want to be free! I want to be able to get a proper car or scooter to commute on. I want to be able to go get eggs and milk I want to be able to take my girlfriend on a date to the movies. + +I am very fortunate her family is here to help me when they can but I feel like a leech I sometimes even feel like her family hates me for being here. Because I am a burden. + + +Whats it like to own a car and to not have to feel like your pestering your family just to go to a doctors appointment. I want to have clean clothes when i need them. + + +Hopefully during the summer things will pick up at my job I might get more work hours. I hope I can find a second job. But I don't know. Things could be much worse they really could be. But I still feel stuck living paycheck to paycheck. +Hi AusFinance, I am in need of some advice. + +&#x200B; + +A couple of months ago I sold my laptop for $2250 via Gumtree and the buyer sent me the money via paypal (however gifted and not through gumtree). Probably around a month later Paypal notified me that the buyer had disputed the transaction due to it being an unauthorised transaction - and I provided the evidence that I had (emails and text messages between me and the buyer) however they were not enough and the outcome was me being $2250 out of pocket with Paypal's debt collection agency asking me for the money. + +&#x200B; + +Since, I have asked Gumtree what to do and I then lodged a report with the ACORN (Australian Cybercrime Online Reporting Network) and I am waiting to hear back. + +&#x200B; + +Has anyone got through the same thing or have any advice? I am a full time student and cannot really afford to pay. + +&#x200B; + +Thanks! + +&#x200B; + +Edit/Update: Thanks for the responses. I think I have a better plan of attack now: + +* Will refuse to pay debt collectors +* Will file police report +* Will lodge claim with ombudsman +* And potentially go through independent small claims tribunal + +Thanks everyone - you've all been very helpful +We are thinking about moving out of the inner west area, to somewhere where is still a train or metro line but hopefully more affordable. A house with 4 bedrooms would be nice. + +Went to a Castle Hill auction today. Really nice house on a 470m2 land with 4 bedrooms, swimming pool, around 10 years old and in really good condition. During the inspection the agent told me a price guide of around 1.6 million. Other houses in the area were sold around 1.5-1.6m a few months ago. + +There were a lot of people at the auction today. At least 40 people bidding in the garden, more audience inside the house. + +Opening bid was 1.6m. Second bid 1.7m. Third bid 1.8m. It passed reserve price around 1.82m. Bids slowed down around 1.95m and the house was sold for 2.02 million. + +The first bidder bought the house. He was bidding aggressively, always overbidding. We had no chance. + +We stay in our apartment for a "bit" longer. :-D +We all project that which we can’t or won’t see in ourselves onto the people and structures around us. It’s human nature. The original scapegoat was actually a real goat that villagers would place all the sins they had committed onto before running it out of town. + +So seeing lamestream media articles portraying the apes as fatigued and GameStop as a weakening brand fills me with joy as it provides valuable insight into the general state of the enemy’s psyche. + +What’s tiring about buying and holding a stock we believe in while cruising the best subreddit in the history of Reddit, learning about market mechanics and various intrigues while memeing ourselves to the promised land? It’s not tiring at all, it’s energizing. + +This movement grows stronger by the day and the quarterly DRS numbers prove in the clearest possible way that retail is not slowing down one bit. + +What must be tiring though is juggling toxic assets while committing more and more criminal acts, keeping all your lies straight, and engaging in riskier and riskier plays just to stay afloat. + +We know who’s fatigued and it ain’t retail baby. The enemy has to make itself appear totally strong, totally confident, totally invincible. Showing the slightest sign of weakness is not an option. It’s not in the enemy’s nature for one thing. For another displaying any weakness would only hasten its demise as more and more market participants recognized the opportunity and piled into the play. + +Retail doesn’t have to portray itself as strong. It’s a steaming locomotive picking up speed as it moves towards terminal velocity. +*Edit again - wow, I can't believe the response I got here. While I'm feeling more indecisive than ever, there's so much great food for thought here. Thank you everyone who replied! + +*EDIT - Oh damn, my first silver. Cool! 😆 + +Hi all, + +I've been going back and forth trying to decide what I should do with my house. I purchased it 3 years ago come August, and l lived there for about two and a half years before I moved out recently when purchasing my current house. I am not new to real estate investing - including this house in question, I have 5 rental properties. + + +SELL: + +If I sell the house, I expect I can get at least 230k for it. I purchased it in August 2018 for 173k. I currently owe 157k on it. After closing costs, and some light freshening up pre-listing, I expect to net at least 60k from the sale (I'm a real estate agent and thus will save money on the listing side since I won't have to pay a listing commission). Since I lived there for over two years, I should also be exempt from capital gains tax, which is a huge part of why I'm leaning towards selling right now. + + +RENT: + +If I continue to hold onto the house, I can rent it for about $1,395/mo. My mortgage is $942/mo. After expenses, it cash flows $200~/mo. While that's not terrible, it's quite a bit less than my other investment properties. Where this house has made up for not having the best cash flow is in appreciation. It's in a great location with good schools, near a respected university, overall a very desirable part of town. I expect it to continue to appreciate strongly, assuming we don't see a big market crash or anything. + + +If I sell the house, my plan would be to reinvest half of the cash into some renovations to two of my other rental properties which will result in increased rents/cash flow, and the other half I would use to convert the first floor of my garage at my primary residence into a studio apartment. I would then rent the apartment through Airbnb, or as a furnished monthly rental if Airbnb doesn't work out. I expect the conversion to cost about $30k, and I expect to make at minimum $800/mo from the apartment. + + +At this point, I've been leaning towards selling, because it would place me in a comfortable position to really inflate my cash flow and overall put me in a more secure/less risky position. That being said, the city I'm in is growing fairly rapidly, and again, the house is in a very desirable part of town that I expect to continue appreciating strongly. + +I guess I'm just looking to get some thoughts/advice from other investors. Does it make sense to get rid of one property to increase the cash flow on others, and gain an ADU in it's place? Or should I hold onto this house? Help me out, Reddit! +Have an interesting, want to fatFIRE, but still renting situation. My understanding is that it is almost impossible to get a home mortgage if you don't have a job, regular income, pay stubs to show the bank. How do high net individuals, who are not currently working, and don't want to liquidate assets (to pay all cash), go about getting enough credit to purchase a home at a decent interest rate. Assuming there is enough cash on hand to cover a 25-30% down payment. +Early this year, my daughter passed away suddenly. I don't think any financial situation would have prevented us from calling the $5k ambulance that in the end couldn't help, but having a healthy emergency fund was helpful over the following days; planning a funeral for your toddler is hard enough without having to worry about being able to pay for it and the incoming medical bills. + +&#x200B; + +Returning to work was difficult. I had been planning to begin aggressively searching for a new job, but knew I was no longer in a good mental place to be doing so. Commuting became psychologically stressful, as did any slow time in an office where sympathy dried up almost immediately after the initial donations card. I hated leaving my wife at home alone, and while remote work was entirely possible both with my employer and my job responsibilities, it was looked down on by my direct manager. In hindsight I should have burned all my PTO getting away from it for a bit, but I worried that that would simply leave me with no safety net from a job I hated more and more and in the end my biggest problem was unsolvable. If I had true "FU" money I'd likely have never gone back, and certainly wouldn't have stayed for long with how things went. I began receiving poor performance feedback, somewhat justified but also inconsistent. I think the decision was made long before I was actually fired but the song and dance had to happen first with constantly shifting goals that made it impossible to lock down much to defend myself with if I had even wanted to. Walking out for the last time ended up being freeing. Job-hunting isn't stress-free, but I'm less stressed now that we're living on our emergency fund and liquid assets than I was in that job. + +&#x200B; + +I hope none of you ever have to directly apply the lessons I've learned here, but in a more general sense, FI is about so much more than early retirement, though that used to be the main motivation for me. There are problems FI can't solve, but FI does give you space to focus on those problems without letting money be a distraction that prevents you from healing. Our FI situation could certainly be better, but we're stable enough that I can set those matters aside for a day and focus on my daughter's birthday or a random Tuesday that ends up being really hard. +I'm new to options, as you'll soon figure out. I've been watching a lot of videos about LEAPS, but I really must be missing something fundamental, and I can't figure out what it is. Everyone says that LEAPS amplify my results.. but my math isn't coming out that way. + +My math: + +Buy 100 shares of FEYE @ 20.50 = $2050 + +Buy 1 Call Contract, $20, Expiry 1/20/23 @ $4.27 = $427 + +So the stock goes to $25 in a year.... + +Sell 100 shares of FEYE @ $25 = $2500 - $2050 basis = $450 profit + +Buy contract shares, 100 @ $20 + $427 cost = $2427, sell $2500 = $73 profit + +Even if I invested $2050 in LEAP options, I'd be able to buy 5, but I'd still only have a $365 profit vs a $450 profit. + +What am I missing? +*Disclaimer: All information in this post is my personal opinion and not in any case an official statement from Computershare. This is not financial advice.* + +**TLDR: The shitheads at IBKR are making it more complicated but CS got our back.** + +I called Computershare this morning regarding the new changes from IBKR. It is not possible to DRS shares to existing holder accounts anymore. You will have to create a new account at Computershare for every transfer you make. + +The lovely lady at Computershare explained to me how this may be a complication but how they can solve it easily. This is what I understood: + +1. DRS shares to a new account - Make sure that the name and address is identical to your account at CS + +2. Call CS and ask to send you the confirmation letter from the closest office (for Europoors it is the UK) + +3. Once you get the new confirmation letter, send back the W8BEN form + +4. Call CS and ask them to unite the two accounts you have + +&#x200B; + +Voila - all shares DRSd in one account + +&#x200B; + +**CAUTION:** If the name is different you have to do a legal process called "Share Transfer" which is very bureaucratic, to say the least. Small differences in the address can be solved by the CS-Team. + +&#x200B; + +**Additional information I got:** + +1. It is not unusual that people have several accounts. Mostly this happens when different parties are involved e.g. give a share. + +2. Computershare was also surprised about this move and this is the first time something like thishas happened. + +3. My support agent will check if it is possible that CS makes an official statement/instructions on how to merge the accounts (hopefully smooth brain proofed). + +4. My support agent could not understand why they would do something like that... +So I went into Verizon to open a new plan. After unboxing the phone and deciding on a plan I went to pay for my new plan and the salesmen charged my card the wrong amount. It became clear that the salesmen was either new or just didn’t know what he was doing. I asked for a refund and I decided not to open up the plan at all. I left the store without the phone and with two refund receipts. One refund receipt for the phone and one refund receipt for the plan that I never opened. This all took place in the course of an hour. I never opened the plan or left the store with the phone and I have now been sent to collections by Verizon for the cost of the first month of a phone plan I never opened up. I contacted the store and they said they can’t help me. They told me to call Verizon directly. I called Verizon directly and they said to call the store. What do I do? Please help +Current tickers in my Roth IRA started in January this year. SCHD, NUSI, O, & MAIN. Looking to possibly add ARCC and/or MPW and would like feed back if possible. +The "price" of eth isn't changing as rapidly as many these posts seem to imply. When a large dip happens or a large rise happens very quickly, it's a result of a lack of liquidity in the market. If someone (or in reality many people), want to sell a large amount of ethereum they start to eat through the limit buy orders on the book. Once market sell orders overwhelm limit buy orders, the price starts to drop rapidly. The same thing happens in reverse. This is not "manipulation". That's not how markets work. It's a fundamental supply and demand equilibrium. It drops quickly or rises quickly due to a lack of liquidity at the current price. + +The most "manipulation" that can happen is that someone sells a lot of eth quickly to drop the price., hoping that others will panic sell, and that market makers will come in at the new low price so they can rebuy. People do this, but it's extremely risky if that's your actual strategy. What if you unload 20k eth, dropping the price a lot, and some other whale comes in while you're doing this and rebuys? Then the price is suddenly a lot higher than a good chunk of your sells. + +Relax. This is crypto, it's going to be volatile. + +**First of all:** + +I’m fully aware that this post is going to irritate some of my Bitcoin homies, but luckily I’m in r/ethtrader ! Either way, please give this a proper read and give us some tidy counter arguments rather than downvoting because you hope I’m wrong! 🤷🏻‍♂️ + +**Let’s get into it** + +To understand how the old financial establishment thinks about Bitcoin we’ve got to examine the concept: + +“*What you already know is the key to learning new things*” + +This is true for the young and old, educated or not. New ideas are always best understood if they can be related to something that we fully understand. + +**Bitcoin cannot be directly related to anything which existed before.** + +A Hedge-fund Grandpa CEO would still say “It’s all Greek to me” even if every intricacy of Bitcoin was explained to them. + +Think of Warren Buffet Et Al: They invest in what they understand, and something which is inherently productive, and useful so it will always be needed. Convincing a man like buffet that Bitcoin is inherently useful is impossible because it just isn’t. Some might say it doesn’t matter what an old man thinks, given his influence we must consider it. + +“**But Bitcoin is like digital gold!**” I can hear being shouted over the thunderstorm of downvotes.! + +Let’s examine the Bitcoin is digital gold idea: + +It is scarce: ✅ +It is expensive to mine ✅ +is relatively easy to store ✅ +It has a range of uses other than as a store of value 🚫 + +If Bitcoin could be used in dentistry, medicine, electronics, computers and Jewellery, as gold is, then the financial establishment would taking it extremely seriously and not just investing to “join the profit train” or for a flashy headline. + +The most successful digital store of value in the future will be the one which shares more characteristics of Gold. Because this makes it easier for traditional investors to understand and trust. + +This cryptocurrency will require its primary or secondary use to be *inherently* productive. + +The financial establishment is just beginning getting to grips with this. One they fully recognise the value of a decentralised application running smart contracts on a cryptocurrency, they will have found their true digital gold: + +**Primarily useful**, but scarce and easy to store. Therefore the perfect store of value. The closest we have to this currently is actually **ETHEREUM** *The closest thing to a digital gold* + +Bitcoin will begin to struggle because it lacks this ever expanding ability to be useful. It can’t even be efficiently used as a payments system like bitcoin cash. + +We have a seriously finite amount computer power globally. There’s no place for an otherwise useless, energy inefficient digital store of value in the long term. Let’s see where we’re at in 10 years time. +It's not that complicated tbh; + +* Majority of people who bought in dec/jan don't even understand what bitcoin is +* Majority of people who bought in dec/jan bought to "get rich quick" +* Majority of people who bought in dec/jan don't believe in bitcoin +* They sell when price goes down and have very very very weak hands +* Bitcoin goes down = Everything else goes down +* This selloff is the result of these people being shaken out + +Bonus points: + +* Coinbase was #1 trending app on app store +* Literally everyone I knew that I told to buy bitcoin at start of 2017 was calling me the "crypto expert" asking me to help them buy crypto +* Crypto was in literally every major news outlet and all over social media to the point that it had become a meme + + +While there may be a chance that whales are playing a part in this, the main reason for this crash is that we were overhyped and people expected too much from an asset class that has very little real-world adoption. Stop playing with conspiracy theories and trying to deny the most obvious facts. + +If you bought in dec/jan and are still here, congrats. The fundamentals behind bitcoin is at an all time high (LN, segwit, wallets etc.). + +It may be a few months/years before the hype has died down and then we will slowly crawl back to a new ATH. +Growing up (and even to present day) my family was never good with money. I had to learn, sometimes the hard way, how to manage my money. Some months its harder than others, and I try to stay focused and I really rely on small victories to help me keep that motivation. My most recent small victories include not going below $100 in my checking account. I have alerts on my bank account and it will tell me when my balance drops. I have kept it above the $100 for the last 2 months! + +My next small victory is kinda silly. Last year I went to a cook out and sat on the most insanely comfortable zero gravity outside chair. I was dying to have one. They were so dang expensive (hoovering around $150ish for good quality ones). In an effort to save $$$ this summer, I wanted to transform my backyard into a place that is relaxing and fun, so I will be more inclined to stay home instead of wanting to go out. Well, as it happens, I was doing my shopping at a local store and I found the exact chairs I have been pining after! They were listed for $99. It seemed like a lot, but was even cheaper than the ones i've been hanging onto online. I asked the salesman some questions about them and he told me to wait one more day, they were going on sale for 40% off! So the next day I ran to the store and got two! I never thought a chair could make me so happy LOL. + +The victories are small, and meaningless to most, but it keeps me motivated to continue on with improving my financial situation. What are some of your most recent small victories? +It seems as though Amazon is looking to branch out into a new sector of the economy every day. In this case, they are apparently going to take on Ticketmaster (owned by Live Nation) within the USA. + +Given the power that Ticketmaster and Live Nation have with regards to concerts and ticketing, this will surely be interesting, and most likely a win for consumers if it is indeed true! + +Source: https://www.reuters.com/article/us-amazon-com-ticketing-idUSKBN1AQ2DB +[Gamestop may be heading to the Metaverse](https://preview.redd.it/o1ini6sxetw71.png?width=1946&format=png&auto=webp&s=c904f9b756e591a415e28fe8ca23ae4de9e50888) + +Hello Apes! + +For a long time I thought Gamestop was building an NFT marketplace. This would be where they could license music, games, original content and anything else that can be plopped into an NFT for sale and resale. I thought they would be going this on a zkRollup (zero knowledge rollup) which means the whole crypto side would be invisible to the end user. This alone would be amazing! + +&#x200B; + +But then I got to thinking.... These are all things people can DO. But where are they going to do it? + + I saw this 60 Minutes video on the metaverse and it all clicked: + +[https://www.youtube.com/watch?v=ANO29CzQXUA](https://www.youtube.com/watch?v=ANO29CzQXUA) + +&#x200B; + +Holy shit. Remember Moon Jam? I think that was just a test run and an appetizer of what they're building. That NFT marketplace? It's going to be on the BACK END and invisible to the end user. You won't need to know about gas fees or tokens or network protocols or wallet setups. I think they're going to bring it mainstream in a Metaverse digital world project! + +&#x200B; + +A simple launcher and app with your digital holdings tied to your GME account will suffice. The app will have digital wallet like features, but the barriers to crypto entry will be gone. You simply won't even see them. I think the other user who said ERC20 + ERC721 standards are the 741 that Gamestop is working to create on an L2 zero knowledge platform. All of it will also be accessible inside the metaverse like an inventory sheet for you to sell or trade. They can make their own digital currency for within the digital space that convert from dollars without any of the crypto marketplace hassle. + +&#x200B; + +A GMErica digital world, where you can socialize, play games with friends, buy/trade/sell NFT art, avatars, songs, and any other user created content! Power to the Creators? Hell yes! Anyone will be able to create things just like anyone can upload a video to youtube! Even publishers will be able to create and license games for sale and RESALE. Everything we thought GME was going to do, they can do in their own digital world. Publishers and indie game studios would be all over this if there's a small resale fee that goes back to them as part of a support and licensing contract because digital ownership will be nonfingable and trackable in a way that's invisible to end users. There's a feast coming, and everyone at every step of the way gets fair market tendies! + +&#x200B; + +Are you jacked? I can't wait to go down the rabbit hole and get jacked into the GMEtrix. Holy shit, GME doesn't even need to squeeze to rain tendies on all of us. +Currently the majority of my holdings are in ETFs both in my taxable and Roth accounts. I only own two individual stocks. Besides perhaps this strat hindering how quickly my investments grow, any other downsides? I don't have much time to constantly keep track and I am relatively risk averse. + +I also would like some advice as to what age would it be proactive to start setting money aside into bonds. I am currently 23. + +Any info is appreciated! Thanks! +Hi all. Happy Friday. Straight to the point. I was heavy MSFT (65%) in my TDA account (\~$139,000 in stocks, REITS, and JEPI). Been shaving MSFT so it's now at 11%. My risk level is high so I dumped into JEPI (22%). The other percentages are in REITs, high yield dividend stocks, and pennies (I expect to get roasted for those). Serious question. I want to add ETFs but don't want to overlap. And yes, I've looked and compared all the popular recommendations to newbies but I'm not a newbie. Just a lazy mother fucker looking for serious advice/opinions/convictions to add ETFs **regardless** of risk but high return. I'm 59 and have two additional managed retirement accounts. So, TDA is my third account and my goal is to get it to generate at least $500 a month in divies and grow it. All advice, opinions, and roasting welcome... +I've seen a few posts now about only investing in US stocks and it's crazy that Americans are being conservative while the dollar is so strong compared to every other currency. You have an absolute land-grab opportunity here akin to when your grandparents traded warships for literal islands during WW2, and that didn't turn out too badly at all. + +US stocks will remain king, but you don't own the entire company you invest in, you own a small part, and profit off the percentage gain of a stock (and dividends) and that's it. One of the fastest growing economies in the world in the last few years has been Bangladesh - not because their annual GDP beat USA or China but because they grew a greater amount compared to where they were the year before. I'm not saying invest in Bangladesh, but if Europe sinks you should be diving at the dip, not running away from it, because the % gain in their recovery will be greater. Obviously if you're 50+ years old and are scared of a little volatility don't bother. + +This sub seems to miss the mark so much with rallies and dips: + +"This is the new norm, interest rates won't be raised much or it'll crash the economy" - just before Dec 2021 crash. + +"Oil is dead, no one is buying it and renewables are only getting more advanced" - Aug-Sep 2020, oil steadily rises for a year after that. + +Now the rest of the world is dead? That's a buy signal. + +Not talking about S&P500 vs Europe, S&Ps record is good and safe and most of my holdings currently are American companies. But my focus will be on international stocks for the next while. + +My portfolio changes frequently but in the last year or 2 I've had: +Ferrexp0 (sold for 60% gain) +BP (sold for ~50%) +ING (Dutch bank, down 10% and holding, will continue to buy more) +ASML (holding, even) +Freyr battery (60% gain, holding) +Evr@z (Russian iron mine, assets froze so forced to hold, but no losses this year because of that lol) +SBSW (South African PGM mine, down 50% because miners went on strike, intend to buy more because their cash flow is insane) + +On my radar is AMAT and C, and will open a position in mining with RIO or BHP, but not sure which. +I am a recovering ape and very new to thoughtful investing vs yoloing meme stocks, so bare with me: + +So I am now "working the wheel" and selling my CSPs and CCs. + +I see the rule of thumb come up again and again that 30-45 DTE is where a lot of you like to sell options, but why not weeklies? + +Weeklies pay a lower premium, sure, but the premium on six weeklies would beat one 45 day option, right? Plus you would have the flexibility to adjust week to week on your strike price. + +What am I missing here? +So I spent about a week watching the recommended videos, listening to podcasts, reading all the great content in here. I saw the IV on SNDL and decided to buy 400 shares to sell CC on since it’s cheap and had high IV. I bought at $1.40 and sold the $1.50 2/12. I 100% understand the thetagang method and truly believe in it. But Jesus Christ what a first trade lol. I love the guaranteed profit but damn those missed gains hurt lol. +Those of you who are going to put on an extra jumper etc this winter, how you do balance that with ensuring there is sufficient heat to ensure the house is maintained appropriately. I am going to try as best I can to just wear more clothes etc and heat the house as minimally as possible, but I have heard some people say this could damage the house cause mould, ruin pipes etc. Is there a minimum temp the house should be at or should you turn heating on when the outside temperature falls below a certain point? + +&#x200B; + +TLDR - Want to save as much money as possible on heating this winter, also don't want to destroy my house. Tips on avoiding please +I'm a long term hodler and in January 2020 I started a non-tax exempt brokerage account in my daughter's name to start saving for college. I did this as opposed to a 529 so I could buy GBTC since I thought it would more than offset the tax benefit. In less than 14 months I was able to save enough to pay for 4 years of tuition at a private university because of the dramatic rise in Bitcoin's price. My assumption is that I will get a 9% average return from now until she goes to college and that the cost of tuition will rise at 3%. I obviously still need to deal with paying taxes and want to build a buffer, but it is a nice milestone to hit. +For two years now I've been trying to live sober and i'm laying on par/ahead of my fire target, being either 600K at the age of 42 or 500K at the age of 46, + +However,if I'm honest; my real goal is not to retire at said age. My goal is to keep going to eventually amass an obscene amount of wealth during my lifetime to make sure my children, grandchildren and perhaps the generation after that do not need to choose their profession based on the need to provide themselves with a good quality of life. So they would be free to pursue professions that they desire without it having to be a profession that pays well. + +My end goal is to have a net wealth of 10MLN euro's by the age of 75. Which sounds like a lot, but I think is realistically obtainable if I manage to keep up my current lifestyle trough out my professional life (assuming a normal career progress as a CPA accountant and assuming future stockmarket returns to be in line with the past). + +The accumulation part is very much in line with the FI/RE mentality. My goals differ of coarse. Plus, in my head I have certain target milestones at which part I plan to evaluate if it's worth/doable to strive for more. + +I wonder if there are more people in the fire community who have similar aspirations? I also wonder if there are any Reddit groups devoted to the slow accumulation if wealth trough out ones lifetime (excluding wallstreet bets for obvious reasons)? +I have emailed eToro about my concerns. They reserve the right to do whatever the fuck they want to do with my positions whenever the fuck they want to do it. They of course assured me that they would close any position without my consent only under "extraordinary circumstances" but they refused to specify what does "extraordinary circumstances" mean even though I specifically asked multiple times. We all know what that means. They have already removed the buy button once, they will sell at the point of no return and fuck me again. + +I don't really see any other way but to sell what I have, buy on IBKR, and move to Computershare. I will sell the positions that are in the green and start the process. If anybody has a better idea, please tell me. I live in Europe. + +I will provide the emails to the mods if it is needed. + +Buy, hold, DRS. Dig in. This is a war of attrition. +LET THE PRICE DROP! + +Lets think, we are in win-win situation right now. If GME raises in price then of course we are getting closer to tendies. + +BUT think about it, we are ALL dumping as much money into CS as we can, and the lower the price the faster we can accumulate the whole float in CS. Shit if the price was $40 again we probably would have bought up the float a long time ago (in CS) with all these beautiful apes purchasing hundreds and even thousands of dollars of shares. (Now that owning the float finally matters with DR) + +TLDR + +Price up = closer to MOASS + +Price down = we can buy the float quicker = closer to MOASS + +TLDR:TLDR + +⬆️ = 🚀🚀 + +⬇️ +🧾= 🚀🚀 +Hi everyone , + +I wanted to have an open discussion on whether you think cryptocurrency is basically gambling as there is a risk just like any stocks or market that you put your money into. + +We’ve heard over the past year especially that one should invest into crypto as it’s a way of helping your finances in the long run. + +Please feel feee to share your opinion on this. + +Thanks for your time. +Hey, i'm not so much interested/ worried about money but more of a job/career that i won't really have to do anything/is really easy without being boring? +I'm looking at getting a job that probably requires this after my MBA (back into PE, current fund doesn't have these hours, only like 40-55 hrs) and I'm scared that it's going to mean basically not having a life at all. I have a gf and wouldn't want it to mess up my relationship, but also would still like to have an active social life haha. Opinions? +BTC was basically unusable at the end of 2017, with fees insanely high. I played around with the Lightning via the Eclair Android wallet on the Testnet, but the whole experience left me a little... cold. Ultimately I fell out of love with the concept of Bitcoin and sold most my holdings for fiat and converted the remainder to ETH, which I already had a little of. + +I'm far more interested in ETH a tech platform, but it does hurt when I see my ETH holdings slowly losing BTC value! +https://trends.google.com/trends/explore?q=ethereum A while back during the Ethereum bloodbath I was looking into google trend and I saw that the drop in google search corresponds with ethereum price. But later, I saw that the ethereum search trend spikes EARLIER than the ethereum price. So I did an analysis and plotted both ethereum price and google trend on a google sheet. https://docs.google.com/spreadsheets/d/1mnErAqv2BFdL0iSHSAv_Bpu6SxQ0rMmYV4kdk0zILCA/edit#gid=1314087716 Recently, I saw that Google trend for ethereum is going back up. So I decided to buy a bit more at $152. And now its at $210 <3 + +TL;DR: If you want to know where Ethereum will go, look at Google Trend for ethereum +Edit. Let me clarify two things quickly. (1) in my state, your registration is not your birthday month, it's the month the car was purchased and (2) this was not just an expired registration. The clerical error I mention that the DMV made, they didn't bother to process my plate transfer after I updated by title post divorce back in December. They had it on file, but never processed it and even admitted that it was their fault. I didn't simply have an expired registration, I had no registration, and this is what I took time off of work to contest in court today. So yes, I'm a little irked that I followed the rules, had evidence to prove a clerical error, took off of one of my two jobs just to be told that the fine was dropped but the court fees still applied. + +Not that this is news to anyone. I had to go to court today to get a citation and fine dismissed. My car's registration had expired (only by about a month) and I hadn't received a registration renewal notice because the DMV had made a clerical error when I'd changed some information on my car's title. As soon as I got pulled over I went to the DMV and took care of it. + +So I went to court today, showed up updated registration and explained what had happened, and the judge dismissed the fine of $98 or so dollars. Not much I know, but that's about two tanks of gas for my car right now. But then, he proceeded to charge me a $35 "court fee" because it was "only fair". The ATM in the lobby had a $3 fee and the lady behind the counter said it was a $2 fee to use my debit card, so my total was $37. That's almost half of the stupid fine anyways. I had to take off of work for this. Why did I even bother? +I didn't say I called it but I called it. I'm posting this so it gets more momentum and because I want others to ape in like me as well. + +Link to my old post which was before presale: + +[https://www.reddit.com/r/CryptoMoonShots/comments/musprx/diamon\_hand\_degens\_another\_play\_that\_might\_2100x/](https://www.reddit.com/r/CryptoMoonShots/comments/musprx/diamon_hand_degens_another_play_that_might_2100x/) + +The group is almost at 3k tg members, almost 3 mil market cap and 4k holders. The dev is really transparent and based and has already started his marketing campaign (tiktok, poocoin and more). Just look at the bullish pattern on the graph, says it all, plenty of steam left in this one. + +Here's some info: + +**Diamond Hand Degens (DHD)Token Blockchain: BSC BEP-20Address: 0xA98e8103285C4B7268Ef93c63BC2232cBA39fAFdBSCSCAN:** [https://bscscan.com/address/0xA98e8103285C4B7268Ef93c63BC2232cBA39fAFd](https://bscscan.com/address/0xA98e8103285C4B7268Ef93c63BC2232cBA39fAFd) + +**PancakeSwap** + +[https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xA98e8103285C4B7268Ef93c63BC2232cBA39fAFd](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xA98e8103285C4B7268Ef93c63BC2232cBA39fAFd) + +**Charts** + +[https://dex.guru/token/0xA98e8103285C4B7268Ef93c63BC2232cBA39fAFd](https://dex.guru/token/0xA98e8103285C4B7268Ef93c63BC2232cBA39fAFd) + +[https://poocoin.app/tokens/0xA98e8103285C4B7268Ef93c63BC2232cBA39fAFd](https://poocoin.app/tokens/0xA98e8103285C4B7268Ef93c63BC2232cBA39fAFd) + +**Contract:** Audited by LemonSec (pulled from their tg): + +LemonSec AUDIT Result: No vulnerabilities - No backdoors - No scam scripts on the project. Think the audit report is on their tg. + +**Tokenomics (the max contribution in presale is what's most appealing):** + +**Total Supply:** 1,000,000,000,000,000 + +**Tokens for Pre-Sale:** 445,000,000,000,000 + +**Tokens Burned before Pre-Sale:** 545,000,000,000,000 + +**Soft Cap/Hard Cap:** 150 BNB / 250 BNB + +**DxSale:** Auto locks the liquidity until November 19, 2021 + +**Socials:** + +— 💎Website: [https://www.diamondhanddegens.com/](https://www.diamondhanddegens.com/) + +— 💎Telegram: [https://t.me/DiamondHandDegensToken](https://t.me/DiamondHandDegensToken) + +— 💎Twitter: [https://twitter.com/DegensHand](https://twitter.com/DegensHand) + +— 💎Instagram: [https://www.instagram.com/diamondhanddegens/](https://www.instagram.com/diamondhanddegens/) + +— 💎Discord: [https://discord.gg/bd3KwuhD](https://discord.gg/bd3KwuhD) + +— 💎Medium: [https://diamondhanddegens.medium.com/diamond-hand-degens-41971973862a](https://diamondhanddegens.medium.com/diamond-hand-degens-41971973862a) + +— 💎TikTok: [https://www.tiktok.com/@diamondhanddegens?lang=en](https://www.tiktok.com/@diamondhanddegens?lang=en) + +— 💎Facebook: [https://www.facebook.com/Diamond-Hand-Degens-107952508092867](https://www.facebook.com/Diamond-Hand-Degens-107952508092867) + +**As always, DYOR - for me these coins are easy 2-10x's and risky 10-100x's - my strategy is to always wait for a 2x, take out my principle and leave the rest as a moonbag. DYOR DYOR DYOR, I won't take blame if you lose anything. I seem to be doing well off these plays but this is not financial advice - I can't/won't be held liable for decisions you make.** + +If you're interested, pop into the tg. + **100x is not just a memecoin 🦧** + +Since the Elon + China FUD started, a lot of the big names in the memecoin space vanished but that was not the case for 100xCoin. The community became stronger than ever, bonding together in the face of the storm and managed to hold the line and now it's showing signs of recovery. + +**Why 100x is different 💸** + +Combining the fun atmosphere of a meme community with the professionalism of a "legit" project created an unstoppable force. A community led by "Ken The Crypto," and with his hardworking army of degens has resulted in one of the most UNIQUE Binance Smart Chain projects. + +100% Safu 💯 We've seen the amount of rugs that happend during the last red week :) I've personally lost a big chunk of money last week. 100xCoin is the ONLY coin that I feel safe throwing my money at. + +Enough with the BS now, let's talk about the potential of this project.💎 + +\- Not braging or anything but this coin has unlimited marketing budget thanks to the marketing wallet + +\- NFT staking + +\- Celebrity endorsement (4 NFL players have been sponsored. 1 MMA fighter will be announced, HUGE boxing matches were sponsored by 100xCoin) + +\- [Gato.io](https://gato.io/) listing and other listings coming soon <<= my last 10 braincells are telling me we are about to witness a huge pump + +\- THE APP (the ultimate weapon) 💲 + +**Its not just another memecoin APP 🚀📱** + +It's an APP that will allow you to buy 100xCoin DIRECTLY from your debit/credit card, so it's basically giving degens easy access to crypto. Bringing new people to BSC was NEVER this easy before! They will skip the PancakeSwap pain and complexity with only 3 clicks (yes, people who are new to crypto will be investing). Not only that, but there will be a platform for "legit" only meme coins. By holding 100xCoin, you will be able to participate in the presale of the “legit” 1% chosen projects. + +We VET projects before joining ⚪️ Before joining the BSC Alliance, an investigation will be done. All this to ensure that you agree to our values - Doxxed/ Transparent/Safe - and are suitable to join + +**📊Heres some stats to get you fired up 🔥** + +May 10 - 38k Holders + +May 11 - 44k Holders + +May 12 - 49k Holders + +May 13 -51k Holders + +May 14 - 53k Holders + +May 24 - 57k Holders + +100x made by degens , for the degens + +**Telegram** \- [https://t.me/joinchat/i9GObX3DmskzNGYx](https://t.me/joinchat/i9GObX3DmskzNGYx) + +PS : go to tg and type /contract . +[This is today's market cap.](https://i.imgur.com/uL2KjBl.png) + +Look pretty rough. Solid downtrends, some price adjusting, close to a billion dollars flowing out of crypto today. + +A billion dollars. + +That's so much money. But is it? + +[This is the five day market cap.](https://i.imgur.com/OWSRHao.png) + +It's the same trend. We're down about a billion dollars on the week. As a whole. + +[This is the one month market cap.](https://i.imgur.com/9nanlVq.png) + +This is the November 'bull run' that everyone keeps talking about. As if it were a bull run. Still, from the month start, we're down about a billion dollars. As a whole. That's it. Yet, coin value is still there. + +[This is the three month market cap.](https://i.imgur.com/4snkSYg.png) + +Now we're getting somewhere... Up almost 500 billion dollars. + +500 billion, in three months. + +That seems insane, right?? But it's not. + +[This is the six month market cap.](https://i.imgur.com/hrH9ifo.png) + +It's up A TRILLION DOLLARS. In six months. Now... THAT is a lot of money. + +And finally, [this is the one year market cap.](https://i.imgur.com/ZgbltMN.png) + +It's up 1.75 TRILLION DOLLARS. + +We have a growing issue with the definitions of bull/bear cycles. Falling 20% was more applicable to fiat. In crypto, those cycles turn on a dime. But they still - always go up. And crypto has absolutely nowhere else to go - but up. + +This isn't a bull run we're in. If anything, it's a short-bear cycle. But in all reality - it's just another day in the madness of pouring hundreds of billions of dollars into crypto by the week. Fiat isn't breaking any new ground. There is no room for growth in fiat. Crypto has unlimited room for growth. + +I don't believe in a bear cycle in crypto anymore after 2020 and 2021. I only see bulls with stumbles. +I am reading up on the concept of 'FIRE' and I am trying to prepare the day that I am able to 'FIRE', but one thing that boggles my mind is what do I do about my medical/vision/etc insurance. + +What I mean is, nowadays, our medical/vision/etc insurance are tied to our job. + +I am so used to having my various insurances set-up for me because of my job. + +When you 'FIRE', how do you deal about getting your insurances, and what are the costs? (since alot of times, my costs of having insurances are 0 because it is tied to my job). + +Hope this is not a stupid question. +Hey, so, I'm only 21 and while I've been in the market a few years I am trying to build up a nice dividend portfolio, and I'm really worried about a market crash. + +I look at inflation numbers and its crazy, I know we can't keep on the way we are going. So I am wondering one, how safe are stocks in case of our money becoming worthless, and two, should I keep investing or should I wait until the market does crash? Reason being I have half my account in cash so I can buy up a bunch of good div stocks when it does at cheap prices and don't want to be lacking cash then. + +Any advice, opinions, reports and due diligence is appreciated and I'll be sure to read anything you send my way! +So my understanding is that dividend stocks are tax inefficient, ergo people suggest having them in retirement accounts (e.g. IRA, Roth IRA, etc) so as not to incur taxes on those dividends. However others also tout dividend stocks as good additional income streams. Is it counterintuitive to look at dividends as income if you're just having them sit in a retirement account? +6:35am PST + +BTC/USD is down 10.5% + +ETH/USD is down 1% + +LTC/USD is down 11.8% + +But.... ETH/BTC is up 10%. + +So by my understanding, BTC is flagging and taking everything down with it. ETH/BTC ratio is holding though so I'm not concerned about the correction. However, the ETH/BTC price being the only green on the GDAX tells me that people are moving en masse from BTC to ETC, which is a good sign in the longer term. + +Summary: HODL and all will be fine in a week or so. +Ok so I've been seeing similar photos of people comparing the current market movement to the one back in 2008 right before the crash. Its really got me super jacked, however the problem I've been having with replicating the chart comparison is A) the original poster skewed the graph to look more similar than it really was and B) that "skew" fluctuates throughout the graph and isn't consistent. Many of you guys probably already know this, but I think we have been looking at it wrong. + +Here is the overlay Im looking at... + +&#x200B; + +[Dark blue line is present SPY, light blue is 2008 SPY](https://preview.redd.it/wqf0fdhs7tw81.png?width=1428&format=png&auto=webp&s=3bd02686513033bec625f00c54759c2df2e123e7) + +Before You type up your comment about how my graph is skewed too, you are correct, but it is consistent throughout the whole graph. I took 2022 SPY in 2HR candles and 2008 SPY in 1 day candles. I then scaled (horizontally) 2022 SPY down 25%. Voila, it now aligns perfectly, IMO. It may not look like theres much correlation but zoom in and look at all the dips and peaks, almost everyone of them matches up, even the small ones. So I drew some lines on the same graph with all the correlations I could find, and there were quite a few. + +&#x200B; + +[So in this graph every vertical green line means that both stocks moved in the same direction causing a peak or a dip, and every vertical pink line they moved in the opposite direction](https://preview.redd.it/nkg4nd9hatw81.png?width=1428&format=png&auto=webp&s=4abbdc37523ea29c58f730fa27e10252f8e1ac4c) + +So Im sure some of you might notice something extremely strange about this graph, as did I. Why do these peaks and dips line up basically perfectly with each other. Like so perfectly that many of those lines I drew straight through the same pixel columns for the dips and peaks on either line. I found that strange and that there must be a predictable pattern here, or they must be using the same algorithm they did back in 2008, but just at slightly faster rate. + +One thing though, it doesn't explain why around the end of October early November time, it started deviating away from the trend/pattern it was going at. Around that time it looks like whoever was doing this to the market, it seems like they lost control around that time period, and the S&P has been declining ever since. Plus around that same time frame the correlation between the 2 charts has been a lot more noticeable and frequent as far as peaks and dips go. + +I almost trashed this graph and gave up, until I had the idea to check what happened around that timeframe. Any guesses as to what happened... Oct 30th ring any bells? Thats the same day Gamestop's Q3 ended, and a month later announced that as of Oct 30, 2021, 5.2m shares were DRSed. This had me scratching my head trying to connect the dots for quite awhile, and Im thinking Im going to chalk it up as a coincidence, but if you have any ideas, comment below. + +I kept digging and found out that right around that time, Oct 25th, the DTCC issued a 100% haircut. Wow... Now Im now fully convinced this is the correct way to overlay the graph. If you factor in that hedgies lost all control of the market Oct 25 due to the haircut rule change, then it makes perfect sense why the graphs don't line up, they never were going to. Hedgies don't have the control they did back in 2008, therefore the algorithm is going to be substantially off. This leads me to where we're headed next week, and the MOAC. + +If we follow the new adjusted graph then that means we are here. + +https://preview.redd.it/z5peo9cjltw81.png?width=886&format=png&auto=webp&s=9c4af262e5ec6df1c2a3a5126763303c69ad2bec + +So as many people here have been thinking is that we only have 1 more run up before the crash, assuming we follow the graphs that have been floating around recently. As you can see, that might be incorrect, because the adjusted graph shows \*2\* more run ups before the crash. That means that we should see about 2-3 days of green next week, 2-3 days red, 2-3 days green, and then MOAC. This puts the crash at around May 12th to May 20th. Honestly though, after seeing earnings and seeing a $2.5T company plummet 10% in 5min, I don't really see the market lasting another 2 weeks. Plus if we factor in the potential for big news coming out on May 4th or the 5th, that alone could be the final nail in the markets' coffin. I could be wrong about the dates though, hell, I could be wrong about all of this, so take it with a grain of salt. + +&#x200B; + +This was my first DD so go easy on me, and if you notice anything wrong let me know and I'll try to fix it or clarify. + +TLDR: + +The graphs comparing 21/22 SPY to 2008 SPY I believe to be misaligned because of a change the DTCC made on Oct 25th for haircut requirements. This would put the market crash around May 12th to May 20th. +As seen in this sub, the only way to actually get a reaction from exchange customer representatives is to make the issue public. + +I have withdrawn $1.8M from Bitstamp last Tuesday (5 December). Needless to say, the wire is still pending and there is no reaction whatsoever from support (the only message I received was a generic "I have already escalated your case to the appropriate department who will further process your request." yesterday). + +The issue is reminiscent of MtGox - this is exactly how their downfall has started. ATH, no replies from reps, missing withdrawals. + +I'd advise against holding any serious amount of money in Bitstamp - I'm starting to seriously doubt their solvency. Please upvote to make the issue more visible. + +Support ticket #242125 + +**EDIT:** I completely understand that a withdrawal of this size can't be processed instantly, especially during such busy times - it's the utter absence of communication that is spooking me. A simple "it will take us a couple of days" would've done the job, otherwise I'm just left guessing... +Hello Apes Everywhere + +I had a little too much green crayons last night and unfortunately ran out causing me to try a brown one for the first time in my life.... I wish someone had warned me but once you go brown there's no going back. + +Long story short I just want to point out that.... EVERY time I've looked at r/GME or r/Superstonk within the last week or so... ALL i am seeing are posts talking about how the price is going to $1000 - $1300 before crashing back down to $200. + +&#x200B; + +Seriously guys what is the first thing that comes to mind when you read that.... "Maybe I should sell at $1000 and buy the dip when it crashes back down". + +That's literally a self fulfilling prophesy and would guarantee GME never takes off. + +&#x200B; + +&#x200B; + +Edit: Hedge funds have 2-5 days to cover when margin called. If the get margin called at 1 K (hint they would)... then 2 days later the price drops to $200 because everyone sold then not only could they delay this rocket but they are also setting a precedent that the ceiling is 1 K which works out in their favour. Keep your shares close.... and the shills even closer. +Hi all, + +This price action…. This is odd, isn’t it? We didn’t expect it to blast through some of the historical support, as u/gherkinit and others have shown in his daily post. + +I can’t see this separate from the 300k puts that expire Jan 21. I don’t know how, but either they are using naked puts to pre-hedge the expiring puts, or they are in the process of rolling them over. Either way, this is another naked bunny that comes from their hat. + +For the Q1 2021 apes this isnt the first time they got through this. This won’t demotivate, in fact, it will motivate most apes. But I believe that by explaining the current price action, we can help the newer apes (first time?). + +Any thoughts are welcome. +The bank just had 84 million deposited in it. It's almost like they are begging someone to "Point Break" this place with the "only 3 employees" tidbit. + +Anyways, I just thought this was interesting. It appears this bank was purchased with forethought (kinda like the backdoor "hack" that happened after they declared bankruptcy) and to be used for sole purpose of laundering the stolen money. + +That's some no holds bar sociopathy right there. +Recently bought a car from Mazda dealership. I’m usually very careful to avoid common car buying pitfalls. But I came across a new one recently. So figured I’d share so others can watch out.. + +So I worked out a decent price for a car at a Mazda dealership and was ready to pay cash. They sent me off to parts department to add accessories such as cargo mat, ceramic coating, clear bras, all weather floor mats, splash guards, etc. + +The parts catalog was allegedly from the manufacturer so I had no reason to question the integrity of their price. So we add a bunch of accessories. Cost out the parts, labor, tax.. pay for it and go on our way. + +Later when I got home, I went to manufacturer site to read up on accessories/parts and realized something odd. The parts price (before labor and tax) were all 15+% higher than price posted on mazdausa.com (manufacturer) website. The dealer was charging 15+% markup **over** msrp for common parts I can order directly from Mazda at msrp. This adds up when you’re adding thousand+ in accessories/parts. + +**TLDR**: Always check manufacturer price against dealer price for common parts / accessories. If dealer price is higher than msrp ask them to charge list price. Often times they’ll lower the price to msrp/list price because you can get it at list price from the manufacturer. Better yet, don’t buy the parts from that dealer. +I’ve been poking around the sub and looking at past posts and I’ve seen the holy flow chart, but I’m still a bit confused about my different retirement options. + +Here’s my sitch: +- Age: 30M, single +- Base salary (before tax): $103K +- Bonus: $5K - $7K annual +- Raises: Typically around 5% (+/- 2%) +- Company Retirement Options: Before-Tax, After-Tax, and Roth 401(k) +- Company match: 4% +- Additional: company contribution to retirement plan which is dependent on company performance (so could always be 0% in a bad year), but usually comes in around 7%. +- HSA: offered by company + +I’m never quite sure how I should be allocating my retirement savings. In the flowchart it said something about contributing to Roth if your income is below $122K (IIRC). But then I see elsewhere it depends on your current tax rate vs. your expected tax rate. I think I could very realistically live comfortably in retirement if my monthly income was the same as (or even less than) it is now. So I don’t understand where this magical $122K figure comes from. Seems to me if I’m planning to live on $75K in retirement (for example), it doesn’t make any sense to be taking the tax hit of a Roth now while I’m being taxed at $100K+. Am I missing something? + +Then there’s the idea of a backdoor and mega backdoor which totally confuse me further. And to top it off I see people recommending that I should max out my HSA??? Which seems so counterintuitive to me because I’m young and healthy and typically have super low medical expenses, but as I understand it, that money can’t be used for anything but medical expenses. + +I’m a pretty smart guy, but this is just so far out of my usual area of thinking that it’s all getting a bit overwhelming. I think I need some kind soul to help clear up all this confusion for me. Thanks! +Hi everyone, I'm new here but something's been on my mind lately and I was hoping to get some advice on it. I'm 24, and my grandparents started an Edward Jones account for me when I was born, and it was then signed over to me when I turned 18. I'm extremely grateful that my grandparents did this, as I know it gives me a financial cushion that many people don't have. For a couple months now I've been thinking about leaving Edward Jones. Not necessarily because of how my account has performed, but because of the advisors. My advisor told me if I didn't get back to him he would "liquidate my entire account" and I feel like it's not really cool to be threatening your clients like that. I also always feel like if I'm taking money out of my account it has to be for a "valid enough reason" which is ridiculous. It's my money, I should be able to take it out whenever I want, whether that's to buy a pink sparkly unicorn or a down payment on a house. I shouldn't have to justify that to anyone. This advisor also told a family member of mine that she needed to be careful or "she would be eating dog food." This struck me as extremely unprofessional and the judgement just isn't needed. Other advisors with this company have been very rude as well. Does anyone have any advice? +**401(k) contribution limit increases to $19,000 for 2019; IRA limit increases to $6,000** + +WASHINGTON — The Internal Revenue Service today announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2019. The IRS today issued technical guidance detailing these items in [Notice 2018-83](http://links.govdelivery.com/track?type=click&enid=ZWFzPTEmbWFpbGluZ2lkPTIwMTgxMTAxLjk3MDI5NjcxJm1lc3NhZ2VpZD1NREItUFJELUJVTC0yMDE4MTEwMS45NzAyOTY3MSZkYXRhYmFzZWlkPTEwMDEmc2VyaWFsPTE3MjE0NjI1JmVtYWlsaWQ9ZGF2aWRAcnJtb2F0c2NwYS5jb20mdXNlcmlkPWRhdmlkQHJybW9hdHNjcGEuY29tJmZsPSZleHRyYT1NdWx0aXZhcmlhdGVJZD0mJiY=&&&127&&&https://www.irs.gov/pub/irs-drop/n-18-83.pdf). + +&#x200B; + +**Highlights of Changes for 2019** + +The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan is increased from $18,500 to $19,000. + +The limit on annual contributions to an IRA, which last increased in 2013, is increased from $5,500 to $6,000. The additional catch-up contribution limit for individuals aged 50 and over is not subject to an annual cost-of-living adjustment and remains $1,000. + +The income ranges for determining eligibility to make deductible contributions to traditional Individual Retirement Arrangements (IRAs), to contribute to Roth IRAs and to claim the saver’s credit all increased for 2019. + +Taxpayers can deduct contributions to a traditional IRA if they meet certain conditions. If during the year either the taxpayer or their spouse was covered by a retirement plan at work, the deduction may be reduced, or phased out, until it is eliminated, depending on filing status and income. (If neither the taxpayer nor their spouse is covered by a retirement plan at work, the phase-outs of the deduction do not apply.) Here are the phase-out ranges for 2019: + +* For single taxpayers covered by a workplace retirement plan, the phase-out range is $64,000 to $74,000, up from $63,000 to $73,000. +* For married couples filing jointly, where the spouse making the IRA contribution is covered by a workplace retirement plan, the phase-out range is $103,000 to $123,000, up from $101,000 to $121,000. +* For an IRA contributor who is not covered by a workplace retirement plan and is married to someone who is covered, the deduction is phased out if the couple’s income is between $193,000 and $203,000, up from $189,000 and $199,000. +* For a married individual filing a separate return who is covered by a workplace retirement plan, the phase-out range is not subject to an annual cost-of-living adjustment and remains $0 to $10,000. + +The income phase-out range for taxpayers making contributions to a Roth IRA is $122,000 to $137,000 for singles and heads of household, up from $120,000 to $135,000. For married couples filing jointly, the income phase-out range is $193,000 to $203,000, up from $189,000 to $199,000. The phase-out range for a married individual filing a separate return who makes contributions to a Roth IRA is not subject to an annual cost-of-living adjustment and remains $0 to $10,000. + +The income limit for the Saver’s Credit (also known as the Retirement Savings Contributions Credit) for low- and moderate-income workers is $64,000 for married couples filing jointly, up from $63,000; $48,000 for heads of household, up from $47,250; and $32,000 for singles and married individuals filing separately, up from $31,500. + +&#x200B; + +**Highlights of Limitations that Remain Unchanged from 2018** + +The catch-up contribution limit for employees aged 50 and over who participate in 401(k), 403(b), most 457 plans and the federal government’s Thrift Savings Plan remains unchanged at $6,000. + +&#x200B; + +EDIT: + +The limitation for defined contribution plans under Section 415(c)(1)(A) is increased in 2019 from $55,000 to $56,000. (ie Mega Backdoor Roth Contribution) + +&#x200B; + +The limitation under § 408(p)(2)(E) regarding SIMPLE retirement accounts is increased from $12,500 to $13,000. +I already wrote a [quick 1-min explainer on EIP-1559 here](https://www.reddit.com/r/ethtrader/comments/myydfi/the_most_exciting_thing_to_happen_to_ethereum/), but let's recap! + +When it goes live, and the network is busy (as it often is), a portion of gas fees will be burned. When the network is really busy, this can make ETH deflationary. (Read: decrease the total amount of ETH, so theoretically yours will become worth more.) + +Just to counter some common misconceptions: + +* ETH is already paid for fees, so that's nothing new! It's called gas. +* Issuance (2 ETH per block) remains unchanged too. + +Later, we will move to Proof of Stake (confirmed for december!). This makes Ethereum energy efficient, reducing usage by 99%. Talk about green! + +When the Merge happens, also called ETH2.0, *then* issuance will be changed. Something like 90%! I really like the source: [www.ethmerge.com](https://www.ethmerge.com) + +Just a note to newbies: ETH2.0 is just an upgrade to the network. Your ETH will stay ETH, and remains just as useful and valuable! There is **no** "ETH 2.0 coin", just ETH as we know it. +Since the rally started a guy said he was gonna keep open his puts, no matters what markets do. He taught me an important lesson. “Don’t go ever against fed”. Took some hedge trades in that moment, if not for that I’d be broke. I should give him my thanks. Someone else is waiting for a W shape recovery? 🏃‍♂️💨💨💨 +Assumptions: + +- Stock market is headed toward large correction + +- Real estate market is also headed for correction + +- Significant inflation is Imminent + +Goals: + +- grow at least 2% + +- be able to liquidate < 1 month + +- expected time period is next 3 years + +Thoughts: + +I am very tempted to just go with GLD ETF and it sounds like a good idea for 2 years timeline. But I want to do more research. I've read that TIPS are not ideal and not sure about Bonds. +Sorry ahead of time if I seem frazzled and don't know what I am doing. My grandmother passed away a year ago and I was left to handle her estate after she passed. I pretty much have everything settled but when I forwarded her mail to my address I noticed she keeps getting checks from these two energy companies every month. After some searching I pieced together that she has some ownership of oil wells and gets monthly royalties based on their productivity. + +The problem is that I have been trying to get in contact with an agent from both of these companies, and when I rarely do get a human on the phone they say that they aren't the right department and send me to a voicemail. It's not that much money but the bank won't let me deposit the checks in her account because obviously she has been deceased for an extended period of time. Is there anything else I can do to try and get this resolved? I feel like I'm stuck at a wall and don't have any control to get these transferred over to the beneficiaries. + + +Thank you for any help or advice. + +EDIT: Thank you everyone for your advice and responses. I never thought I would get so much attention and it's really moving that random internet strangers will take the time out of their day to help me! I appreciate you all so much! +Hello! I am in the process of buying a house with my partner (not married but plan to be in the next couple of years). My half of the house cost will largely come from a gifted deposit from my parents and my partners half is being financed by a mortgage. + +My parents want me to put in writing (a will or otherwise) that in case I die the gifted deposit money goes back to them. I am in my mid-twenties and healthy, so this is just a hypothetical situation. + +I am not fond of the idea and would rather in my will I leave behind all my assets to my partner. My partner doesn't have familial support of any kind and my parents don't really need the money. + +Do my parents have any claim to the money after if has been gifted in the event that I die? + +Edit: to add some information. My partner's salary is good enough to get a mortgage to cover their half and indeed the entire house price. The majority of my half is the proposed gifted deposit, so we are 50/50 in the house. And in the event my partner dies, all of their assets, including their 50% share of the house, will be coming to me. +Thought you folks would find this interesting. + +Main article: [https://danielvassallo.com/only-intrinsic-motivation-lasts/](https://danielvassallo.com/only-intrinsic-motivation-lasts/) + +Authors comments and plan around health insurance are interesting: + +[https://news.ycombinator.com/threads?id=DVassallo](https://news.ycombinator.com/threads?id=DVassallo) +Hi AusFinance, + +Event: Basically, a big developer like Meriton is attempting to buy out 3 apartment's and the underlying land to build a newer apartment complex. + + +So far from talking to others and some real estate agents I have gathered the following: + +\- if at least 75% of the occupants agree to the buyout, everyone in the apartment complex is forced to sell +\- Often these big developers may bump up the selling price to 10-20% to incentivise current owners of the apartment to sell + + +I wanted to ask if anyone here has ever experienced this event before, and how I as a current owner can maximise my profits from selling. Should I gather the other owners in my apartment complex and agree on a certain price to sell that is above market value, not sure how these things work. + + +Any advice or even anecdotes is appreciated as this event is something i'm very unfamiliar with +Was with a bunch of my friends last night after playing in our Rec league game for the first time in over a year, grabbing beers in a bar and having some catching up conversations. + +It eventually got around to Crypto then investing in stocks and I thought for a second whether I should say I was deep in GME. I said fuck it and told everyone I was pretty deep and doubled my position last week. + +These guys are smart guys...but the narratives came fast and fierce: + +Guy who works on Satellites: “Dude, don’t you know that’s only and internet pump?” + +Guy who owns his own software company: “Their balance sheet is shit” + +Guy who owns his own CBD company:”they don’t have any capital to do anything” + +-“Isn’t there business model still brick and mortar?” +-“Their leadership team is terrible” + +On and on and on...I was dumbfounded...honestly. Completely dumbfounded. + +I’m in these subs and reading daily about GME and the massive changes that are taking place everyday...massive transformational changes the new leadership group is implementing everyday I honestly thought that this was more well known. + +Well it’s not. + +No one knows...no one outside of these subs and the people that are trying to destroy the company know what is really going on with the company, let alone the market manipulation. No one. + +These are smart well educated guys, but they have their own shit going on, why would they care about this shit or anything else that isn’t right in their face. + + +Don’t be fooled, the media narrative is super strong and influential. This thing is only getting started. The fomo money isn’t even close to being here yet. + +💎🙌🦍🚀🌚 +So I am 26 years, from a small country in the EU. I work as a storekeeper in a factory, and used to be a cab driver part time for a fixed per hour wage. You expected to see Entrepreneur, YouTuber or Software Developer... right? + +I still live with my parents and have very little expenses, apart from taxes, gym membership and car fuel. I've been into this Retire Early mindset since I was very young. Never really saw the point of working till you're old. + +So I saved and invested 95% of my net income yearly. (We're talking 15k euros per year net wage). + +By last year I had about 180k euros invested in mostly local equities. Then I decided to purchase an apartment for 180k Euros (included closing fees and was undervalued by at least 30k) with 50% Down payment and keeping the other 90k in equities. I rented it out for about 8k euros per year. + +Now I decided to liquidate most of the equities to try and buy another apartment but the banks didn't like the idea so I decided to pay off all my mortgage instead. I now have a fully paid apartment which is now valued at 240k. + +Currently I have zero debt. I have about 20k between cash / crypto / equities. For a total Net worth of about 260k. + +My goal is to purchase another apartment and fully pay it by age 31 - which would also be my lucky birthday. + +Upon reaching my goal I would have approx Euro 550k net worth at 31. This would give me about 15k euros passive income per year which is 50% more than the current minimum wage in my country of 10k Euro. + +I would then semi retire to a point where all the passive income is completely reinvested. Then I would just relocate to a high income country in the EU working 60hour work weeks for 3 months and save everything. Also get refunded on tax because you don't reach the thresholds for income. Then have 9 months of traveling around in low cost countries around mountains, beaches and nature. I'll get a local media company to make an article on my odd successful life and start a YouTube channel documenting my journeys. + +Repeat the process for a couple more years till YouTube earnings are enough so as to never need those 3months of work a year. + +&#x200B; + +Being able to work 3 months a year at the age of 31 is a dream for 99% of the people including myself, but it doesn't come without some disadvantages:- + +1. I would have basically skipped a decade of my life. No travels, losing friends, little social life. +2. Most people don't understand your idea of freedom and life. +3. Finding a partner with the same ideology is going to be extremely hard. + +However there is the advantage that I learned to be alone. Go out alone, especially in quiet and around nature. I set gym goals at the age of 16 and 10 years later I barely do any effort to look & feel better than most people. I expanded my knowledge by completing a Diploma in Nutrition, in insurance, in IT and in Personal Training. I also find more time to read books that I borrow from libraries to avoid purchasing anything. I don't have to keep updating my wardrobe, since I barely use most of them, they look brand new hehe ;) + +&#x200B; + +i didn't write this post to brag. I wrote it as a means of motivation for low income people. Yeah you're going to sacrifice basically everything for just a couple of goals. But hell, once you reach them the satisfaction will be huge. + +5 Years away. Let's do this. + +&#x200B; + +**Edit:** I see that a lot of people are posting regarding living off my parents. Well yeah. What's wrong with using all the opportunities at one's disposal to reach goals? In my country people tend to live with their parents until marriage anyway. + +Also, my parents have always been frugal themselves, so them helping me to achieve my targets is giving them a lot of satisfaction, although I must say they do not agree with me Retiring Early. So much so, that my father is of age to retire and get government pension and just chooses to keep working because he enjoys work. Apart from the fact that my parents have investments themselves. Let's say that they don't need my help financially. + +&#x200B; + +**Edit 2:** Geez didn't expect this amount of engagement. Here's my replies to most Questions: + +* Yes, yes, everyone saying how easy it is when you have your family pay for food and you have no rent. Sure it's great and can't help but appreciate what I have, but you're just saying that to undermine the effort I put in. +I could have done like most of my colleagues and people my age in my country, which is go abroad 3 times a year, spend all money on cars / phones / clothes and so on and have zero net worth, even though most of them have similar opportunities. +It's not easy to basically delay gratification for 10-15 years. People can't even go a week on a diet before buying an ice-cream and I am here with little social life, few hobbies, and just work, save and invest. + + +* You guys misunderstood the motivation part and are focusing only on the 95% savings rate, which might be unattainable to most. Well my aim was to tell people to Delay Gratification. Because if you can save 70% and are only saving 50% because you want to enjoy life today using those 20%, well then that is your fault. I can assure you I would much rather use 15% more of my income to have a life, but then I'd have to spend more hours working.. Sacrifice Today for Tomorrow. + + +* As for the YouTube thing, well getting a local media company to write an article is relatively easy to do. Will the channel be successful? No idea, but since I would be traveling anyway, might as well just video places and upload to YouTube.. 3 years later something might happen. And to be honest, if I make 5k/year from ad revenue + affiliates it would literally replace the 3 month work / year + + +* For those who do not understand why I will still work 3 months / year instead of just using the rental income. Well I want to get a bigger net worth and more passive income in the future, therefore I will reinvest all the rent I get and just live/travel on the wages earned that year. + + +* As for those saying I am not diversified. Sure, but in my country due to limited land, basically house prices always went up or went down very little (in 2008-09, they lost 4% value). So it is a stable store of value along with a good passive income. In real estate you can also use leverage to make more gains, while investing solely in stocks and ETFs is not recommended to use margin. - Although I had amassed my net worth by investing in local stocks mostly. Also, you can't really buy 5 units with 550k. 170k gets you a decent 2 bedroom in few locations nowadays. +- **SafeGem is exploring a yet untouched niche in the crypto space that holds enormous amount of potential, NFT authentication of precious stones.** + +The project will allow precious stones to be authenticated over our platform. The stones can include Crystals, Diamonds, Adamite, Amber and so on. **They will be authenticated through NFT platform and given a digital certificate. That means, once a gem gets verified by our marketplace, you will be issued a digital certificate and the stone will forever stay on blockchain which will make you a legal owner of the product.** Thus, SafeGem will utilize the intrinsic properties of NFT’s to create an exclusive platform that will provide digital certificates to sellers across the globe. + + +##KEYFEATURES 💎 + +- **Ownership will be renounced and Liquidity burned. Your funds are SAFE here! +New Professional website design finished and we have a BIG marketing plan coming in.** 🛡 + +- **Market cap of only $6m which will not stay there for long.** 📈 + +- **Very experienced and committed team with community manager being in Telegram voice calls every day.** 📱 + +- **Not just a meme coin but the team is hard at work to deliver NFT platform and has made an amazing progress so far. Originally was scheduled for Q4, but will likely be finished much sooner.** 🚀 + +- **This NFT launchpad will allow artists to upload various NFT's created for sale or bidding.** 💰 + +- **Together with the release of our NFT partner portal and marketplace, $GEMS will be transformed to the utility token of the platform. Similar to other NFT launchpads, you will need to have $GEMS to be able to navigate (upload, vote, bid, purchase) on the NFT marketplace.** 💎 + +- **Charity and Donations will be used for supporting families that fell victims of blood diamond fields in Marange, eastern Zimbabwe.** ❤️ + +- **Coingecko and Coinmarketcap listings are expected to happen any day now.** ✅ + +- **NO big whales with additionally implemented anti whale mechanism where only 0.1% of max supply can be sold(or bought) at once.** 🐳🚫 + +- **Tokenomics with 5% burned forever on each transaction and 6% distribution among Holders** 🔥♻️ + +&nbsp; + +**Important Links** + +&nbsp; + + +📱 Telegram: t.me/safegemtokens + +💎 Website: safegem.finance/ + +🍰 PancakeSwap link [Use V1]: v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xdfdec49462f7d3c3b0a48e729f77a0645cdfa7c0 + +🔗 Contract address: 0xDfDec49462f7D3C3b0A48E729F77A0645CDFA7c0 + +📈 Chart: dextools.io/app/pancakeswap/pair-explorer/0x08cb3492e0ed01d0cb472c58a7cea7fa8d494c47 + +🦄 Medium: safegemfinance.medium.com +Since this topic has been unnecessarily stigmatized recently, I've decided to do a proper writeup on the Investors Exchange ("IEX"). This past week I've been reading Flash Boys, written by Michael Lewis (Author of the Big Short). The book goes into great detail about the journey that Brad Katsuyama, the founder of the IEX, took from first discovering High Frequency Trading until the infancy of IEX. + +All of my information comes from the book (Flash Boys). + +# Who is Brad Katsuyama? + +Brad was born in Canada and had in the years prior to founding IEX been working at the Royal Bank of Canada ("RBC"). The first leap in his career was being allowed to start the Wall Street arm of RBC. What he learnt of there would within the coming decade make him the world's most knowledgeable person on High Frequency Trading ("HFT") that was not employed by a HFT company (NOTE: CITADEL IS A HFT COMPANY, AND A VERY SUCCESSFUL ONE, AS OUTLINED IN THE BOOK). In 2012 he left the company (and one hell of a wage) behind in order to, in simple terms, confront all of Wall Street. + +# What did Brad discover about HFT? + +The first time Brad was being affected by HFT was in 2006, after RBC had bought a company named Carlin Financial, which was a trading company with electronical trading capabilities. It was becoming very popular to shift trading over to being fully electronical, or at least mainly electronical, and RBC hadn't really done a great job of doing so. + +In the months following this, RBC had their trading platform go from a pen and paper style of trading (more or less, unsure of exactly how primitive it was) to something akin to what we do today: type in a stock and press buy to execute an order. Eventually, Brad (and many others on Wall Street) found problems with executing large block trades. What Brad experienced when he was trying to buy shares for his client was that they were kind of "disappearing" mid-way through the trade. Say for example that the client wanted to buy 1000 shares of IBM at a price of 30$. Brad would then take a look at the amount of stock available at each of the exchanges. He would find 100 at the BATS exchange, 400 at NASDAQ and 500 at NYSE, all listed for 30$. Great, right? He'd have just the right amount to fulfill his order. Brad sends out his order to the exchanges, and what does he find? The order for the BATS exchange went through... but at the other exchanges, the sell offers that were there only moments ago had disappeared. Brad was left with only 100 shares bought out of the 1000 that he wanted to buy. Afterward, when the buy order was left waiting, the price of the stock suddenly went up a few cents. It would leave Brad in a peculiar situation, having bought only 100 shares and with the price rising. What was going on!? + +Brad would come to run experiments to figure out what was going on with this behaviour. It wasn't just him having this problem, nor was it only with the IBM stock, but all of Wall Street was facing the same issues, with every stock. What Brad found was that if you sent your order to a single exchange, it would always go through without any problems. He also figured out that the BATS exchange would almost always go through without problems, regardless if he sent orders to other exchanges or not in parallell. + +Brad would then come to meet Ronan Ryan (current President of IEX). Ronan originally worked at a broadband company and was experienced with internet traffic and their routes. After being shown the problem, Ronan was able to figure out why BATS was the only exchange that wasn't having trouble. The reason why was simple; the BATS exchange was very close to the real-world location of where RBC was working from. It was the exchange that large buy orders would reach first. + +The underlying reason why Brad (and almost everyone, actually) were being swindled was because their orders were being "front-run" by HFT companies. Like in the example above, the reason why the shares on NASDAQ and NYSE were disappearing was because the 100-sized order on the BATS exchange was a bait, laid by the predatory HFT companies. After Brad had bought 100 shares on BATS, the HFT companies would quickly buy up all of the shares on NASDAQ and NYSE. They would then sell these orders at a markup, profiting massively in the process. + +This led to Brad and his team developing a software they named THOR. THOR was a tool to help send orders that would arrive at the different exchanges at the same time. For example, if BATS had a latency of 50 microseconds, whilst NASDAQ and NYSE had 200 and 250 microseconds latency respectively, THOR would send the orders to the different exchanges independently of each other, making them arrive at the same time (in this example, the NASDAQ order would be sent 150 microseconds before the BATS order, and the NYSE 50 microseconds before the NASDAQ one). This technology was the first real weapon that Brad (or anyone, really) ever developed to fight against HFT. + +# The rabbit hole goes deeper + +HFT was not only done by companies specialized in it, but was also done (although less effectively, only profiting off their own clients) by big banks. They did this by opening dark pools, which would be used to front-run their own clients. The big banks would "drive past" their client's order and effectively pump the price of the underlying stock before it went through, before selling their own client the stock at a markup. This practice was done by ALL of the big banks, and any opposition was dramatically opposed by any means necessary. + +# What does the IEX do differently? + +The primary selling point of the IEX is that they use a 61 km long cable in order to artificially inflate the latency of everyone using the exchange. This cable would provide all users an extra 350 microseconds to their latency, which is enough for the IEX to race past any HFT trying to profit off others. So what happens when you route an order to the IEX? + +Say you want to buy 1000 shares of GME. You tell your broker to route your trade through IEX. There happens to be 100 for sale at IEX, 100 at BATS, 400 at NASDAQ and 400 at NYSE (which all happen to be at the National Best Bid or Offer (NBBO, regulation that was meant to make the market more fair but really only made it easier for HFT companies to manipulate it)). After your broker sends your order to IEX, they immediately execute the 100 shares available there. They then re-rout your order to the other exchanges using something akin to THOR (THOR became a patent by RBC, iirc) to the other exchanges. Before anyone can even react, your order has gone through at all exchanges at the same time, with HFTs being left in the dust because of the 350 microsecond extra latency. According to the book, it'd take approximately 320 microseconds for the order to travel from IEX to the farthest exchange, making it impossible to play catch up by the HFT (becuase of the 350 microsecond delay). Your order stays protected and no one can fool you of your money. + +# Why is the IEX not mainstream already? + +The book goes into detail as to why this is the case. As outlined by the book as a whole, the financial system is very combative of changes that threaten their income. The IEX was essentially attacked by financial terrorists from the day it started, both in media and on the exchange itself. One example from the book is that the big banks would send their client's orders in chunks of 100 over a period of time (a lot larger than 350 microseconds). What this did was that the HFT companies could catch the big orders and profit off of them, like normal. What the banks effectively did was to show their hand in a game of poker, in order to screw their own client of their money. This tactic was used in order to "prove" that the IEX was fraudulent, since buying shares there (using the terrible 100-at-a-time method) was more expensive than buying on other exchanges. There have been many more attempts to discredit the IEX, which obviously succeded, since they currently only execute about 2% of all trades. + +# Conclusion/TLDR + +The IEX is exactly what it advertises itself as: an exchange for investors. They utilize two methods for preventing High Freaquency Trading companies from profiting off of other investors orders: a 61km long cable (which introduces a 350 microsecond delay to all users of IEX) and a program that re-routes the trades through the IEX to other exchanges and make them execute simultaneously (disallowing HFT companies from "front-running" others and profiting). In my opinion, the founding members are literal saints, which deserve NO CRITICIZM. Wall Street is run by a bunch of phonies, and if there are any people that you can trust, it is the founders of IEX. They are not doing it for the money, they are doing it because **no one else** that knows what they do are willing to cast aside what they're able to make at HFT companies. + +Edit: comment by PM_ME_NUDE_KITTENS +I'm probably too late to get visibility, but posting anyway. + +Michael Lewis, the author of Flash Boys, runs a podcast called Against the Rules where he looks at exactly the kinds of rules manipulation we're seeing with Shitadel. + +One of the episodes, called [The Magic Shoebox] (https://www.pushkin.fm/episode/the-magic-shoebox/) (podcast producer site), has a condensed retelling of the IEX story. + +Audio for all the apes, like me, who never learned to read. 🦍📕🙁 🦍🔊🙂 + +If your moral outage meter isn't already pegged from the f**kery afoot in the markets, this entire podcast is a romp through how it only gets worse from here. Lewis, as he does, provides a lot of stories of apes trying to survive in the jungle despite losing the home-field advantage in every aspect of life. +I read a lot of threads on this sub that are incredibly valuable. I also tend to see folks overemphasizing their suggested saving rates 'on topics like "% of savings from net pay" or "budget based on this job/city" + +While very few will get ahead with irrational spending, I think it's important to also invest in experiences that help you get ahead and conveniences that allow you to perform at your highest level. These are tertiary benefits to FI, but they can compound in a big way. + +A few examples that I find help me progress but are often viewed as contrarian here: + +1. Services and convenience to save time for higher-value activities: + +\- Services like meal delivery/ kits, cleaning, labor or convenience of living in a downtown core are all expensive vs taking the bargain route, but the time/energy that these save allows you to focus energy on much higher value tasks. + +This could mean working that extra hour or two, fitness, self-improvement, time with loved ones. We all have a finite time in life. If you can afford to optimize your time in a day, it's likely to pay off in the long run. + +2. Experiences + +\- It's expensive to take part in high-demand experiences (Vacations, Dinners out, Conferences, activities like skiing/Tennis/Golf), but if done in moderation, there are also key benefits. This is often where you can make connections with the network you need to move up in your career. This is the time you can take to justify working your ass off to make real $ vs a passive job with a mediocre income. While the end goal is FI, it's important to reward yourself along the way to continue working hard. + +3. Buying High Quality + +\- This is a tricky one as there's a fine line between needs vs wants, but buying higher-quality often leads to better results, satisfaction, longer-term use. I see this with posts about meal planning quite often. While it's certainly going to save $$ eating rice and basic protein hacks, the food you consume is the fuel you need to have your body and mind performing at top capacity. I'm not suggesting you need a steak dinner and essential supplements every day, but you pay for what you get when it comes to nutrition. + +\- Similar story with things like home appliances, car (if required), clothes etc etc. Don't always buy top of the line, but also think hard on the quality vs price point + +Again, these all require moderation (particularly experiences), but they can also really help propel your career/business. Of course, everyone's situation is unique. If you're paying off debt, then the mindset of saving everything possible still likely applies. +Hey individual investors! Like the title says, I'm curious who thinks we should have a pinned post (or added to the pinned post) with information on the process to DRS IRA shares with access to Computershare. + +I detailed the process I used to DRS thousands of Traditional IRA shares and hundreds of Roth IRA shares to help others learn in this post below. Based on feedback, most would like to see this information readily available on this sub: + +#DRS IRA shares process with access to Computershare: +https://www.reddit.com/r/Superstonk/comments/wwq1h0/im_seeing_more_interest_in_drsing_ira_shares/ + +I've been asked to post it daily, but do not want to spam it, so I update the process with new info (for example I just added info on how to rollover a previous employer 401k to a rollover IRA) every few weeks or month and repost for anyone that missed it. + +Each time I have posted it I get comments and DMs thanking me for providing info that someone hasn't seen and has been looking for. + +I reposted it yesterday with the 401k rollover info and it was mod removed due to "Mass content sharing" with a note that I am spamming the sub. I understand the rule and do not want to violate it or get banned. What I don't understand is why mods have never commented on my post or replied to my comment or mod mail asking if we could get it pinned based on the positive feedback and request from many in this sub. I know mods are busy and not everything deserves to be pinned, just thought I would ask if it's something that people think would be valuable information to have pinned and maybe mods will see this and give it some consideration. + +So I'm making this post as an effort to open a dialog about DRS IRA shares process being pinned, much like we had a ComputerShare Transfer post pinned. Retirement shares have historically been trapped in brokerage accounts or previous employer 401k accounts and many aren't aware these can be direct registered through a non broker custodian with direct access to COMPUTERSHARE and no tax hit. + +TA:DRS - Can we get a post detailing all the processes to DRS IRA shares with access to Computershare, pinned (or added to the pinned post)? + +💛🍌 + +Edit: one of my favorite comments from the discussion so far is that we need to demystify IRA direct registration. There are still a lot of people unaware that it's possible and just as many questions about it. Pinning it would only further the understanding of IRA DRS in general. Just like this sub did with Transfer Agents, street name shares and ComputerShare before. Let's get this topic pinned for discussion and research. An estimated 37% of the entire stock market is in retirement accounts as of 2016. Dr Trimbath has even said that brokers can and will lend those shares regardless of what the laws say. I for one want to know more about my options for protecting my retirement shares and there are multiple ways we are finding out. + +Edit 2: not a pinned post for a single custodian or even a single process like the one I used. As stockadile said in the comments below "A master link tree document with directions to DRS anything to anywhere." including IRA shares. + +Edit 3: support for a pinned post with ALL methods to DRS including IRA shares is overwhelmingly positive at this point. I've messaged mod mail again. If you would like this information pinned in this sub let's hear it! Mods, please chime in 💜🙏 + +Edit 4: mods responded, see pinned comment, thank you! The guide is on the DRS megathread but 3k + apes are not aware of it, don't see it. I've suggested making a new pinned post or redoing the megathread post to highlight DRS IRA methods in a clear and concise way, discussing the pros and cons. Mods will consider. Thanks everyone for the constructive discussion, hopefully we have an update on this soon. DRS +Dutch corporation ASML is the world's only supplier of EUV photolithography machines used for manufacturing advanced chips. Taiwanese giant TSMC is by far the largest semiconductor foundry, manufacturing over 50% of semiconductors globally. Reliance on foreign corporations for chips is not ideal, but is the US actually capable of changing that? + +I am wondering: + +1. If ASML has a truly impenetrable moat around photolithography machines, or if it is a matter of time before ASML faces competition from a US firm, and + +2. If the US is capable of growing a domestic corporation with the scale and global reach of TSMC. + +I understand the CHIPS Act aims to strengthen American semiconductor manufacturing. However, I'm surprised the US seems to be already so behind in taking market share and establishing a domestic ASML competitor, given the general global dominance of US technology otherwise. Is there a good explanation for this? + +I appreciate any thoughts! +So I graduated high school last year and skipped on college not wanting to take on student loan debt. I currently work part time at amazon and i have my real estate license and i am with a good helpful supportive broker. + +Building credit currently no missed payments no late payments and I always pay WAY over minimum payment. So I assume when my credit forms it will be pretty good + +I am scouring and working extra hard to get my first deal and i have a few clients that are looking. Per usual bumpy first year as an agent is what’s happening for me rn but i will get up there + +My plan is to get my first property using FHA or first time home buyer loan. And live in that for about a year paying it up doing my own repairs and managing it myself as much as possible. And then take out a HELOC to purchase an investment rental property. + +Eventually scale up cash flow deals and build a cash flowing portfolio. + +One thing i am concerned about is the staggering amount of talk of a market reset happening right around the time i want to do this. I don’t want to take out a HELOC and then the value drops. That would be bad (wouldn’t it)? What do you guys think? Is it even a good idea to begin with? +This seems to be a growing area and I'm interested to know what options exist to do this, and what advice people have on how to do this smartly. + +I have my eye on a number of pre-IPO companies that I believe are looking very strong and have great products (mainly tech products), but it isn't quite clear how to go about investing in them. I've contacted a couple of them directly but neither are doing funding rounds right now. + +I've also seen platforms such as EquityZen that offer this, but they seem to be primarily intended for US citizens. I think they allow UK investors as well, but the tax and other implications aren't clear. + +I'm also interested to know if it is possible to invest in these in such a way that any IPO would allow them to transition into my S&S ISA (probably a long shot!) + +Anyone have experience on this and able to share advice on how it is done? +Hi guys, I’ve been wanting to invest in this ETF but there seems to be two of them. The one with the crazy performance this year being: ICLN but the only one on T212 is INRG ... what’s the reason for this or are they just the same? Should I invest in INRG? +Basically title.  No clue where to ask this, figured you guys would know... I usually tip ~20% just like food services etc, but it feels low considering the amount of work she does for us.  What is your system for tipping your "regular" workers? + +I want to tip her like 50%+ when she does extra well but then I don't wanna set that precedent and have her like expect that every time ya know +**This is a two part DD, and this is PART 2.** + +**For PART 1, please go here:** + +[https://www.reddit.com/r/Superstonk/comments/x29utb/how\_rule\_14a8\_and\_drsing\_more\_than\_50\_of\_shares/](https://www.reddit.com/r/Superstonk/comments/x29utb/how_rule_14a8_and_drsing_more_than_50_of_shares/) + +&#x200B; + +# 6. If GameStop is unlikely to recommend voting for a Shareholder Proposal, why this DD? + +So if I think GameStop would be officially against a Shareholder Proposal that may help nudge MOASS along, why am I writing about this? Well, my sincere belief is still that the interests of both GameStop's management and GameStop's retail shareholders are nonetheless aligned: to enable true price discovery, by having naked short sellers close their positions. Even if the company is unable to instigate such a move easily through their own volition, or direct retail towards helping to achieve that goal, I do think that is what ultimately both parties want. And also potentially require each other's help, in order to turn into reality. + +This is where I believe some reading between the Ines is necessary, for what GameStop's official stance is and what help they want from their shareholders may be quite different. There are two reasons that make me think this, the first being the regular releases in the Quarterly Updates of the number of shares DRSed. Such direct registration is in effect a share recall - something GameStop's management has not set as a strategic goal for the company. So if they have not called for a share recall, and if they have not directly asked anyone to DRS, then why are they the only company that regularly publishes DRS figures? + +The second reason I believe there is more to GameStop's messaging than what may first meet the eye - and the inspiration for this entire DD and post - is this tweet by Ryan Cohen earlier this month: + +https://preview.redd.it/9mhpb52fw0l91.jpg?width=1768&format=pjpg&auto=webp&s=5cd05f5d76ba6ee6c9655d5d8ea7c08c7532e89f + +Some of you may feel I have misunderstood this tweet, and read far more from it than Papa intended. I respect that opinion but disagree with it and, in any case, feel all potential interpretations should be explored. Ever since he tweeted that message, in my mind it is a signaling that along with the share recall already taking place through DRS, there is more that retail shareholders of the company can do. The most fundamental thing holding GameStop back from where it should be, is the extreme drag caused by the illegal naked shorting and daily criminal manipulation of its stock. If an individual shareholder can take a proactive step to stop the price suppression, personally I know I would love to help Ryan as much as possible! + +&#x200B; + +# 7. Could Shareholder Proposals be a form of coordinated collusion? + +Before proceeding further, I want to address the thought that some of you may have about the above question. Let's go back again to the SEC's eligibility criteria for making a Shareholder Proposal: + +[https://www.sec.gov/divisions/corpfin/rule-14a-8.pdf](https://www.sec.gov/divisions/corpfin/rule-14a-8.pdf) + +***You may not aggregate your holdings with those of another shareholder or group of shareholders to meet the requisite amount of securities necessary to be eligible to submit a proposal.*** + +It is only possible for a Shareholder Proposal to make it to a vote by the general shareholder body if this is put forward by a solitary individual investor. For a company to include a Shareholder Proposal by a group of people would mean the company itself is in breach of regulations, as also detailed in Rule 14a-8. When the Shareholder Proposal is put to the vote, there is nothing forcing individual investors to act in unison, as there is nothing binding retail to act as one body. Hence it is simply out of the question for a Shareholder Proposal to be construed as compelling others to collude with the proposer, as it is simply advocating a vote and not manipulating the stock itself. + +Furthermore, Gary Gensler has himself already ruled out the possibility of simply sharing ideas in internet forums, such as the platform you are reading this DD on, as being a form of collusion: + +[https://www.ai-cio.com/news/gensler-stands-up-for-the-robinhood-gang](https://www.ai-cio.com/news/gensler-stands-up-for-the-robinhood-gang)/ + +*^(Appearing on Jim Cramer’s CNBC show, Gensler said he found no problem with this coordinated investing by the tyro investors. Cramer disagreed, saying all collusion is bad. “If 5 million people decide to smash a hedge fund that’s short, is that OK?” Cramer asked, referring to meme crowd, vis-à-vis GameStop. “What’s within the bounds of what you can do to smash a short seller?”)* + +*^(GameStop is at the heart of the anti-establishment war of the meme investors. They believe the shorts are unfairly attacking the video game seller by undermining its stock price, in a bid to drive the already-troubled store chain out of business.)* + +*^(Although Gensler wouldn’t talk about GameStop specifically, he said there was nothing wrong with individuals reaching out to one another to discuss potential investments and enlist others to adopt their trading ideas. Namely, to bid up heavily shorted stocks and thus hurt hedge funds in a short squeeze.)*  + +*^(“People come on your show and they advocate either to buy or sell a security,” Gensler told Cramer. “Before we had television, people did it on the radio. Now we have various social media platforms.”)* + +*^(Such freedom of communication among disparate retail investors is no sin, Gensler indicated. “That’s not only free speech, but it’s part of what makes our capital markets robust, that people can disagree and disagree using the media of the day.”)* + +&#x200B; + +# 8. When Rule 14a-8 could become a powerful tool and ignite the end game + +I have conjectured in the previous sections that, at least publicly, GameStop would recommend voting against any Shareholder Proposals put forward by individual investors. One question I had in mind when conducting the research was whether a company's management team are themselves bound to voting in the manner they recommend in a proxy statement. The question thus becomes whether shareholders votes are fully anonymous, to the extent of concealing all votes including those of Insiders. + +There was surprisingly little information I could find confirming one way or the other. Certainly what I can say is that the results of corporate elections are invariably vote totals only, for and against proposals discussed in shareholders meetings. As such I believe this extends to the voting decisions of Insiders as well, and could no precedents of Insiders' (or anyone's for that matter) voting decisions being made public by the tabulators of votes, transfer agents such as ComputerShare. + +On the actual question of whether Insiders always vote in line with management proposals, again very little information I could find that answers this decisively. However there was a research paper I found -  *"Strategic voting and insider ownership"* by Blair B.Marquardt, Brett W.Myers & Xu Niu published in the Journal of Corporate Finance, Volume 51, August 2018 - which indicates that this is up in the air. They have stated the following passage, which implies that individual Insiders can vote in agreement of or against their own voting recommendations: + +[https://doi.org/10.1016/j.jcorpfin.2018.05.002](https://doi.org/10.1016/j.jcorpfin.2018.05.002) + +*Alternatively, consider the case where management owned 10.0% of voting shares. Management* ***presumably*** *votes in favor of their own proposal...* + +This being the case, there could be a scenario where a company's Board of Directors recommends publicly to vote against a certain Shareholder Proposal, but then proceeds to not follow their own advice and they themselves vote in its favour! With the anonymity which we have established is standard practice for such elections, this becomes a distinct possibility. Hence I believe it is feasible that GameStop's Insiders vote in favour of a Shareholder Proposal that is aligning with their own interests, such as one that could ultimately lead to true price discovery of the company's share price. + +If my hypothesis is correct, then there could be a scenario where both retail investors of GameStop as well as its management team, have it in both parties best interests to vote in unison for a Shareholder Proposal. However, there is a question mark over the legitimacy of broker-dealer proxy voting, and whether shareholders' rights would be exercised as per their will. It is my conjecture that the more likely the Wall Street cabal is to be disrupted or even destroyed by the outcome of a shareholder vote, the more likely proxy voting will be criminally manipulated to act against retail. + +https://preview.redd.it/by7tp8oyw0l91.jpg?width=1002&format=pjpg&auto=webp&s=71d4d67d29e94a18df36249d6b5ddef03a86358f + +When, then, could Rule 14a-8 lead to a decisive shareholder vote that tips the balance against short sellers? I believe when it becomes extremely difficult for non-direct registrants to represent the majority of votes cast in a shareholder vote. Directly registered shareholders are Insiders and retail investors whose shares have been DRSed and held by ComputerShare. Therefore it is my belief that when these two groups have stock ownership which represents the majority of shares outstanding, voting against certain types of Shareholder Proposals put forward by individual shareholders may become very difficult for other shareholder groups to effect. + +https://preview.redd.it/vcehfvm0x0l91.png?width=1686&format=png&auto=webp&s=9399be5622d0584b9482fdc46754cc414bee499a + +Using the data available at [computershared.net](http://computershared.net/), can see that in order to form a majority of votable shares, must be greater than half of shares outstanding at 152 million shares. With 77 million DRSed and 38.5 million held by Insiders for a combined 115.5 million, current progress is therefore slightly under 38% of the way there. Hence even if Insiders do not increase their share count at all, another 37.7 million shares would need to be DRSed to reach more than half of shares outstanding. + +Note that in the last month, the DRS total grew by 9.8 million shares. If this rate of direct registration continues, the Insiders+DRSed figure would become greater than 50% of shares outstanding on exactly Christmas Day! The annual shareholders meeting would at that point be a little over six months away. Hence with that same rate of DRSing, could represent even over 203 million shares - 67% of shares outstanding - by that next scheduled meeting. In fact, that would mean that DRSed shares alone would be the majority of shares outstanding, at 54% of the total at current growth rates... + +However the Chairman, CEO or Board could call a special meeting at any time before that as well, as I detailed in section 1. So the closer the Insiders+DRSed figure gets to 50% of shares outstanding, potentially the more likely that such a seminal turn of events may take place. Should a valid Shareholder Proposal have been submitted before that point, and assuming an exclusion request to the SEC has been turned down, GameStop would have no choice but to include said proposal with whatever other business or votes the company wants direction from at the special meeting. + +Note also that under the terms agreed in mid-2020, RC Ventures can increase ownership from 11.9% to 19.9% of shares outstanding also, which represents another 24.2 million Insider shares. With the current rate of DRSing, it may be possible to get to Insiders+DRSed representing 42% of shares outstanding by about six weeks from now, in mid-October. As unlikely as it may currently seem, Ryan Cohen thus only needs to activate his 8% of shares outstanding buying power at that time, to get to the magic 50% mark. + +My point is, a Shareholder Proposal has a chance of being put to a general shareholder vote sooner than it may initially seem. How quickly that could happen is dependent on the rate of DRSing, the potential for Insider ownership to also increase, and the success of a skillfully presented Shareholder Proposal passing through GameStop's and potentially the SEC's screening process. Despite the lack of precedent of GameStop's individual investors having Shareholder Proposals voted on, there is always the first time for everything, in these extraordinary moments the company has bee  through over the last couple of years. + +Lastly, let me note that votes undertaken based on Shareholder Proposals are typically non-binding, meaning companies are not forced to action these. However if the result of the vote is decisively in the favour of such a proposal, the Board would have strong grounds to effect the will of the majority of shareholders with less pushback. I believe any actions the company takes which hurts short sellers is likely to face some litigation, similar to what the towel company is undergoing right now. However the greater the majority of shareholders backing a certain Shareholder Proposal, the more the Board will be compelled to act with fiduciary duty on their behalf, and thus less likely to face accusations of attempting to proactively trigger MOASS themselves. + +&#x200B; + +# 9. What triggers - potentially topics for Shareholder Proposals - could help instigate MOASS? + +In this final section I consider possible actions that GameStop could take, but their management are potentially unable to carry out without majority shareholder backing, that could trigger MOASS. As I have stated in the title of this section, should such a trigger be the topic of a Shareholder Proposal and favourably voted on in a shareholders meeting, GameStop would have cause to inact it. I will then explore a couple possible trigger mechanisms that GameStop's Board may be compelled to action, by having an individual investor's Shareholder Proposal positively backed by the majority of shareholders. + +To help me do this, I will turn to some previous work from earlier this year that I shared on the sub. In the spring I published a series of posts entitled "The Walls are closing in on Wall Street", which explored various mechanisms that, in my personal opinion, could lead to MOASS. Not all of these are relevant to the topic of Shareholder Proposals, but below are links to those posts in case you are interested to do further reading: + +**Walls 1 to 9:**[https://www.reddit.com/r/Superstonk/comments/smjczz/the\_walls\_are\_closing\_in\_a\_comprehensive\_look\_at](https://www.reddit.com/r/Superstonk/comments/smjczz/the_walls_are_closing_in_a_comprehensive_look_at)/ + +**Update on above:**[https://www.reddit.com/r/Superstonk/comments/swbyfq/the\_walls\_are\_still\_closing\_in\_an\_update\_on\_9](https://www.reddit.com/r/Superstonk/comments/swbyfq/the_walls_are_still_closing_in_an_update_on_9)/ + +**Walls 10 to 12:**[https://www.reddit.com/r/Superstonk/comments/sykuo4/those\_walls\_just\_keep\_closing\_in\_yet\_more\_ways](https://www.reddit.com/r/Superstonk/comments/sykuo4/those_walls_just_keep_closing_in_yet_more_ways)/ + +**Walls 13 to 15:**[https://www.reddit.com/r/Superstonk/comments/szil48/more\_walls\_closing\_in\_on\_the\_hedgeturds](https://www.reddit.com/r/Superstonk/comments/szil48/more_walls_closing_in_on_the_hedgeturds)/ + +**Walls 16 to 18:**[https://www.reddit.com/r/Superstonk/comments/t3t7as/walls\_closing\_in\_on\_hedgies\_part\_5\_another\_three](https://www.reddit.com/r/Superstonk/comments/t3t7as/walls_closing_in_on_hedgies_part_5_another_three)/ + +Some of these "Walls" are market mechanics that GameStop has no control over. Others are connected to stricter regulatory enforcement that could lead to SHFs being forced to close their naked short positions, again not something GameStop has direct control of. So far none of these has turned from theory into reality, of course. That potentially indicates that SHFs are still in a position to manipulate either the market or enforcement agencies, so as not to be susceptible to these possible kinds of triggers of MOASS. + +However a few of these "Walls" are business actions that GameStop can themselves undertake which can hurt SHFs, and there are of course likely others I have not identified. It is my belief that a couple of these, in particular, could lead eventually to a high volume of short positions being closed, including through forced closing i.e. SHFs failing margin calls. These two are: + +https://preview.redd.it/zef6y8m7x0l91.jpg?width=1768&format=pjpg&auto=webp&s=5ac1d79bf7b746a4a73ef011989e4712946a8876 + +https://preview.redd.it/x09mdj99x0l91.jpg?width=1590&format=pjpg&auto=webp&s=5702c8d4c243759657b74584bff829c950b9a598 + +As I said, there could be other potential trigger events, but it is my firm belief that NFTs have the power to destroy the SHFs, in ways like no others. However due to this very fact, it can be very difficult for GameStop themselves to carry out business actions specifically aimed at addressing the naked shorting of its stock. As we saw with the Overstock case, their issuance of a digitalised dividend resulted in multiple lawsuits, that took great time and effort to finally be resolved. Those legal battles did set an important precedent for future similar actions by corporations, however, which I flagged to the sub last year: + +[https://www.reddit.com/r/Superstonk/comments/ptvq89/the\_overstock\_court\_ruling\_in\_utah\_yesterday](https://www.reddit.com/r/Superstonk/comments/ptvq89/the_overstock_court_ruling_in_utah_yesterday)/ + +https://preview.redd.it/zepf55obx0l91.png?width=1768&format=png&auto=webp&s=864b25c52b3835b4d9cfbb8c758d8fa47551af9a + +Although GameStop may thus have important cover due to this ruling, in the event of utilising NFTs to shed the shorts, no doubt lawsuits will still likely be filed by accusatory bad actors from Wall Street and beyond. However this is where I believe the power of a Shareholder Proposal, raised by a single individual investor but that has the backing of the majority of shareholders, would add undeniable legitimacy to carrying out such actions. If a Shareholder Proposal calling for an NFT dividend or an NFT-backed spin-off receives overwhelming support, GameStop's management would have a fiduciary duty to action this, in my opinion. + +This is why I believe a solitary retail investor could, by using the rights afforded to them by Rule 14a-8, be the catalyst for MOASS. By submitting a Shareholder Proposal that passes with majority support, GameStop would be compelled to action what could be a trigger for SHFs closing their short positions. Therefore I really feel that a combination of using Wall Street's own rules against them, and the steady "takeover" of shares outstanding through DRS, can set up the perfect endgame. And as I outlined in Section 8, the timeline for effecting this could be a mere weeks or months away. + +Of course MOASS could happen through a myriad of other "Walls", including before 50% of shares outstanding are directly registered. But this is the only approach within the power of any single one of you to enact. Not financial advice, but YOU could therefore truly be the catalyst for MOASS... + +&#x200B; + +# 10. Summary + +* Section 14(a), Rule 8 of the Securities Exchange Act of 1934 empowers eligible individual investors to submit Shareholder Proposals to the Board of Directors of a company +* The rule gives several reasons for a company to request such a proposal to be excluded, however the default is to include these and thus most pass through the screening process +* In that case, companies are obliged to put the Shareholder Proposal to a vote by the entire shareholder body, either at its annual meeting or in GameStop's case by calling for a special meeting +* Companies almost invariably recommend for such Shareholder Proposals to be voted against, even very meritorious ones, as that has become the standard business approach for dealing with them +* GameStop is likely to follow a similar approach and advocate voting against any Shareholder Proposals, especially if it is one that could potentially be seen as opposing SHFs +* However privately they may well be in strong favour of such proposals, and only going with the grain so as to prevent lawsuits, as has occurred in similar past situations with other tickers +* Indeed, some of the twitter messages by Ryan Cohen himself could, in my opinion, be taken as a call for individual shareholders to carry out actions that are beneficial for the company +* Shareholder Proposals could become extremely powerful when more than half of shares outstanding have been directly registered, either by Insiders or by retail DRSing +* At that point, any shareholder vote is tipped in favour of these two types of investors, as they would form the majority of those eligible to cast votes +* In GameStop's case, current rates of DRSing could mean more than 50% of shares outstanding are owned by Insiders and Retail in the next few weeks and months +* There are several actions that GameStop could carry out to instigate MOASS, however their management may be reluctant to do so for fear of litigation by SHFs +* On the other hand, a Shareholder Proposal could be put to a vote by the shareholder body, and if receiving majority support compel GameStop to action without litigious accusations being possible +* If such a proposal is advocating steps such as issuing an NFT dividend or NFT-based spin off, it is my opinion that inacting these provide the greatest probability of triggering MOASS +* Therefore an individual investor may, by putting forward an appropriate Shareholder Proposal in the near future, set off a chain reaction that eventually leads to SHFs' positions being force closed +* Hence using the power of Rule 14a-8 and DRS, a solitary individual investor - one single Ape - could perhaps fulfil Ryan Cohen's rallying call to "ask what you can do for your company", and themselves become the catalyst for MOASS... + +&#x200B; +I have spent the last six years saying I would be retiring in two, and kept raising my number. My salary has more than doubled since I first thought of FI, and I can now save almost $200K CAD per year. I tried, but couldn't make it to 50. + +My net worth is up to $1.8MM (which includes my own property). I have four rentals, slightly cash flow positive (gross rent is $11K/mo), which will fund my late retirement years after they are paid off. My expenses are low (maybe $50K), so I expect to survive pretty much anything that comes. I still have to transition out, maybe with a couple of months at 3 days a week. + +It feels a bit rushed, but I am so relieved to have taken the next step. +Original post:https://www.reddit.com/r/personalfinance/comments/42rb0e/married_7_years_husband_managed_all_money_and/ + +First update: https://www.reddit.com/r/personalfinance/comments/4kwx5p/found_out_january_2016_husband_of_7_years_has/ + + +After an insane year, we are completely out of credit card debt! We have paid back a total of $67,000 in one year. We made our last payment on our 8 year anniversary, Dec 31st, 2016. So we entered 2017 with no cc debt. + +We have also refinanced our home to a 15 year mortgage for 2.75 interest (was 5.12), and our student loans are refinanced through SoFi. + +We have zero other debt, and are now saving between $1500-2000 a month. + +What worked for us (financially...the emotional side of it was all thanks to therapy and love): I set up a budget through Google sheets, EVERY penny was tracked and accounted for, if people are interested I can take a screen shot of it to show how I broke all the expenses down. We also tracked exactly how much we paid in interest monthly and daily in order to recognize how to prioritize what to pay back. We have lowered the amount we pay in interest monthly by $1200. If you've never done it...I would really recommend taking the time to figure out how much your debt is actually costing you. (Total amount of loan × interest (change to decimal first!) divided by 12) it's not exact but it gives you a good idea. + +We are still adjusting to settling into a calmer way of life after the rush of this past year. We are enjoying our 5 month old daughter, and working to find ways to connect and enjoy life without spending. We asked for memberships to zoos and museums for christmas from family so we can go on day trips. We budget date nights in advance and are already starting to pay for our vacation in Jan 2018. + +As far as other financial planning...we are getting our retirement squared away ( he will be contributing 10% with an 8% company match, I have a pension and a 403) and setting up a 529 for our daughters college. + +Although it was hell for a while, I'm grateful for the lessons learned through this past year, I was living in denial before, and now I feel like I could take on anything. I have confidence in my ability to manage money, and my husband now has a much deeper understanding of himself and his vices. + +Thank you for your help, this subreddit made such a difference. Thank you for your encouragement and advice, this is a great online community! + +Here is the screenshot of two separate months...the first is a past month(nov) showing a completed budget, and then an empty future one (feb)...and yes I know that we went over our extras and pets budget for Nov(christmas shopping), but the amount we went over was then deducted from those categories for December. + +http://imgur.com/a/xDUkE +A lot of gold miner charts show that gold is setting up for a strong few months, along with the spot price of gold which has gone through a 6 month consolidation and is now close to breaking out into a full on bull trend again. Monday saw a lot of strength in the whole sector. + +Large/medium caps: + +NCM, NST/SAR, RRL, EVN. + +Large and medium caps are all well established profitable producers, most of these are trading at close to 6 month lows, putting in bottoming patterns. Large caps tend to have more limited gains but if they reclaim their July highs then they could still see fairly decent capital gain - eg NCM currently trading at $27 going back to $37 would be around a 27% rally. Most of these operations are in Australia so they are relatively 'safe'. + +Junior producers: + +SLR, RMS, GOR, PRU, WAF, SBM, MML, RED + +These miners are producing gold as well though have smaller market caps since they don't produce as much. Could see further share price gains if/as they scale up operations. Also trading at close to 6 month lows. Some of them operate in Australia, some in Africa which is more risky (murderous muslim gangs have been known to attack gold mining operations). Others operate in SEA. Some are more profitable than others. + +Explorers/junior explorers: + +DCN, AMI, BGL, RSG, DEG, MZZ, TIE, NVA + +These companies aren't producing but are either sitting on top of deposits and looking to mine it or are still drilling to find out how much they have. More subject to speculation based on price of gold, and depends how good their results are when they release them. Can see much bigger gains depending on how good the deposit it. Eg DEG went from 5c to all time high of $1.60 in 9 months. + +Penny stocks explorers: + +AQX, MRR, WWI, MXR, FFR, AMD, RGL, AME, many others. + +High risk high reward for the true gambler. + +Personally in NCM, DCN, RSG, AQX atm, looking to get into some more. +SAN FRANCISCO (Reuters) - Uber Technologies Inc had $50 billion (39 billion pounds) in total bookings for its ride-service and food-delivery businesses last year, a testament to the size and global reach of the company as it prepares to woo investors in one of the biggest public stock listings to date. + +MORE: [https://uk.reuters.com/article/uk-uber-results/uber-posts-50-billion-in-annual-bookings-as-profit-remains-elusive-ahead-of-ipo-idUKKCN1Q42CD](https://uk.reuters.com/article/uk-uber-results/uber-posts-50-billion-in-annual-bookings-as-profit-remains-elusive-ahead-of-ipo-idUKKCN1Q42CD?feedType=nl&feedName=ukdailyinvestor&utm_source=Sailthru&utm_medium=email&utm_campaign=2018%20Template:%20UK%20DAILY%20INVESTOR%20UPDATE%202019-02-15&utm_term=NEW:%20UK%20Daily%20Investor%20Update) +I’m slowly building up the dividends portion of my investments and still have a long way to go before hitting my goals. I’m curious, at what major milestones did people here notice their portfolios really take off? I’ve often heard the first $100k is the hardest, true? +Even if you don't get the job, there's nothing wrong with applying for it anyway. Companies have hired people who didn't meet what they were looking for in the past, there's nothing wrong with at least applying. +It looks like $150k is the new $100k and has been for the past couple of years. Most government pay bands top off at $150k and to go any higher, you would need to be a manager. Most private jobs as well seem to top off at $150k unless you are in a highly competitive field. + +So my question is, how did you break that barrier and what did it take? +The splividend might not instantly force shorts to close the second it goes live. We're in uncharted waters here, and there is plenty of fuckery afoot. Other similar scenarios (like tesla's split for example) took a long time (months) for the stock price to fully respond. You can bet your ass MMs and brokers will be trying every trick in the book to kill or delay the MOASS too. + +MOASS is coming. Just don't throw a fit if it doesn't happen at 4:01PM on the 21st. +I have 27 ETH that's currently earning interest at 5.25% APR. Should I invest till I get 32 to stake? What are the benefits of running my own node vs earning interest? +Oh man do I have something juicy and tit-jacking for you! This is so insane I can barely believe it but it’s hard to deny. + +##MAIN THESIS## + +This is a daily chart of GME plotted against BRK.A. + +https://i.imgur.com/ntCwQ26.jpg + +I submit that **BRK.A is a leading indicator for GME price movement.** Similar movement usually follows a week or two later (it seems to be around 6-10 days to me but maybe sometimes longer, i have quants working on the data, this is a brand new finding of mine). BRK peaks, GME peaks later. + +Since at least May 2021, BRK.A price spikes have led GME price spikes, but for every single GME spike after the June one, we have peaked 6-10 trading days after the preceding BRK.A peak. + +Look at BRK in May: spikes up, then GME follows. August: BRK spikes up, GME follows. October: BRK spikes up, GME follows. December: BRK spikes up...GME....🚀🚀🚀? + +It works on dips too. BRK.A dips just a bit before GME dips. If you look, even the smaller fluctuations in price movement track pretty well. Even the FLOORS track, with BRK.A retracing its floor after each of its peaks, and GME retracing its floor after each of its peaks. + +##EXAMPLE## + +Here's an example if anyone wants to follow me on the chart. I used TradingView set to 1 day candles. + +- BRK.A was trading sideways in late July, then had a run up and hit a high on 8/11. Our price movement followed in lockstep around 9 trading days later with a giant green candle on 8/24. Then, on 8/12-13 BRK.A dipped a bit, but bounced right back up and almost retraced the high, a movement echoed by GME on 9/2 (though we beat our 8/24 high slightly). + +- Then, starting BRK.A dips down, hitting a low on 8/23, then rebounding to a lower peak than previously. Our corresponding move can be seen at GME’s opening low on 9/9, rebounding to a lower peak on 9/16. + +- Then, starting on 9/2, BRK.A dips a lot, hitting a low on 9/22, bouncing up on 9/27, then dropping back down to the previous low on 9/30. GME’s corresponding movement can be seen starting 9/17, hitting our low on 10/6, rebounding on 10/11, the dipping again. + +- Then, BRK has a run up peaking on 10/26. Followed by GME’s November run up, peaking on 11/3. The second November spike gets a bit murky because they seem to move together, but then look at what happens next. + +- Then BRK.A starts its dip on 11/23, hitting its floor on 12/1, then on 12/1 it basically exploded upward like crazy and is still going. It hit a peak on 12/16 and retraced a bit, then went back up and is still going today. We follow with our dip, back to our floor. And then, if this pattern holds…🚀🚀🚀 + +There have also been **significant anomalies with BRK.A** this year: a huge increase in volume, no FTD’s since March 2020, and weird after-hours price glitches/spikes. + +##WHYYYYYYY## + +This is my own personal tinfoil, but ever since Bill Gates went on CNBC back in Feb or whatever to talk shit about GME ([video link thanks to u/dcarmona](https://www.youtube.com/watch?v=PVBdyYynDNE)), I’ve been suspicious that he and/or his best buddy Warren Buffet might be involved somehow in the GME saga. Like, CNBC didn’t just call up Bill Gates and get him on the show. It’s Bill fucking Gates. He asked them to come on. and he looked pretty worked up for Bill. I’ve seen a good number of Bill Gates interviews, and would say I’ve never seen him like that. Check out his body language, the crossed arms, the sideways looks before he talks, he just looks uncomfortable. It made me sus. + +I do not have a clear mechanism for WHY BRK would be acting as a leading indicator. One theory is that shorts are using BRK to pad their books. Pump the BRK price, then sell and cover GME run ups/fails/swaps/etc, then short back down, pad the books with GME repeat? + +Another possibility is that Buffet is helping out some Wall Street pals. Some Buffet documentary I saw months ago said that in 2008, Lehman Bros tried to get Buffet to bail them out, because he was known on Wall St as a guy you could go to if you needed cash. maybe Kenny needed a “payday loan”? I dunno. + +More work on this may be forthcoming. But I literally realized this tonight after looking at this comparson numerous times. Some quant oriented folks are going to run some numbers too, so I may have more to report in the future. + +## TO APE CAN’T READ ## + +BRK.A seems to be a leading indicator of GME price movement. BRK.A goes up, GME goes up a little while later. BRK.A currently going way up, GME may be on the launchpad if this pattern holds. + +##EDITS## + +- u/Human_Ad5404 (who doesn’t have enough karma to post in our sub, please go upvote their posts because they are a true ape) reminded me that **MICHAEL BURRY** had numerous Buffet books in his Twitter banner. Everyone remember Burry’s Twitter banner? + +- Also, see u/Alert_Piano341's [excellent comment on some other BRK anomalies](https://old.reddit.com/r/Superstonk/comments/rw79so/berkshire_hathaway_is_an_indicator_of_gme_spikes/hra6ehw/). + +- A few people in comments have said “correlation does not equal causation.” No, it does not, and I do not mean to imply causation here. I’m merely pointing out that BRK seems to hit peaks before GME hits peaks, and dips before GME dips. Any “why” is pure speculation at this point 🤷‍♂️ +Really grateful to MSE it has helped a lot with my personal finances. I earn a reasonable wage but nothing amazing. By doing extra financial things I have managed to increase my savings a lot, so far just over £7000! + +Here's a total rundown of what I have used: + +1. Lifetime isa bonus £2000 +2. Natwest switch £125 +3. HSBC switch £175 +4. Nationwide switch £125 + 50 in interest +5. Firstdirect switch £125 + 93 interest +6. Halifax switch £125 +7. Marcus savings account £150 interest +8. Moneybox LISA interest £85 +9. Working from home tax relief £63 +10. Topcashback £95 +11. Free portion of chips +12. £3800 Stocks and shares appreciation +13. Advice and help switching energy providers and broadband +14. An extra year of 16-25 railcard +I live in Canada and was bracing for job loss. My husband's job is essential and he just got promoted, so we weren't freaking completely out, but beginning of February I immediately went into extreme frugal mode. 'Just in case', I said. I basically re-budgeted as if I didn't have an income again. A huge saving grace was the fact I paid off my CC recently, and negotiated a lower rate on my LOC. + +Since February, I've been bracing at work. We found out we fall into the essential category, so my employer stayed open. Lay-offs happened, and I somehow made it through. We were told our employer could hold out for 2 months without income before a second round would hit. We were told to expect pay-cuts as well. + +This week, we switched gears and branched out to a new division for our products. It has been a huge turning point. I no longer need to take a pay cut to keep my job. We are going to be beyond busy in the next two weeks, forecasting into the entire summer. + +I picked up the mail, and our mortgage rate was also successfully reduced due to a drop in prime. All my bills are paid for the month. My paycheque hit my account last night and I finally broke down into tears. There was no reduction. It was a full pay cheque. + +Always prepare for the worst. Just in case. +Up to 2020, if you wanted a safe, low-volatility security that provides steady - albeit modest - returns, there was one obvious answer: US government bonds. + +Low volatility, virtually no long-term risk, modest returns that were still likely to beat inflation most years, and the added bonus of inverse correlation to the market providing excellent liquidity options when the rest of your portfolio (stocks, naturally!) is down. + +The perfect choice. + +Unfortunately, this party recently ended, with government interest rates dropping to zero. + +So what's the alternative? + +I have one and a half answers to this question: + +1. **TIPS:** I don't know too much about them, and would love to get more opinions, but on principle, if your only goal is to preserve the real value of your funds, then TIPS seem like they should do the job. +2. **Get a mortgage and buy a house:** this is just a half-answer, since a house isn't a security, and clearly YMMV. However, in this low-interest environment, buying a house on a mortgage seems like an obvious choice. + +Thoughts? +Hey everybody! + +Sold my company and feeling fabulous, I could continue on with the acquirer (but it seems misereable) or leave with 4M (after tax) right now. I was wondering how you would go about fatFIRE on this given my situation, described here: + +\- Married, 10 years, newborn baby- Own our home +\- 3 bedroom/2 bathroom/yard/nice area, 2.5k taxes, 2k electricity, 1k insurance per year +\- Own a Tesla Model3 and a barely used Hyundai SUV that we use sparingly +\- Will be sending our kid(s?) to public school because they're awesome in our district +\- Live a comfortable middle class lifestyle, was running startup on 115k salary, wife made 60k and we managed to save 30k \*each\* per year, can probably increase our total savings way higher if we actually budget. +\- 500k in of our retirement account- We're Canadian so have public health insurance (yay!) and university will be cheap (my MBA cost 7500$...) + +How would you go about doing fatFIRE with this? We'd like to leave our kids with the nest egg ideally and just live off proceeds but are open to other paths here. Should I work with my banker to figure this out? How do I know I'm not getting screwed? How do you talk about this lifestyle and outcome without sounding like a douchebag to people. +Whenever you look online, everyone has all of their reasons why dividend stocks aren’t good, why investing in strictly mutual funds that pay a much smaller dividend yield is the way to go, that you shouldn’t be investing in dividends, etc. How do you cut through the noise and actually decide to go all in with dividends? I feel that so many people that fight against dividends are looking for long term net worth growth, where as I’m just looking for financial independence and to create a passive income. + +Also, how do you fight off the pessimism that creeps in saying it will take you your whole life to invest enough to have enough dividends to matter? +Today someone posted on IEX that at times there were no asks below $99999. On the level 2 data I see from Fidelity there's never more than about 1000 or so (suspicious) asks on the board before some real ape is selling a couple of shares for 50k. + +As long as the hedgefuck MM's are able to suppress the price by creating a few 100k new counterfeit shares, this thing isn't going to happen, but as soon as they can't, this thing is gonna spring like a bear trap, right? + +Even if someone could generate some more fake shares to temporarily keep it down once someone fails a margin call, are they gonna want to throw themselves in front of that bus once someone is forced to buy a million shares to cover? This thing is gonna rocket up so fast it's gonna make your head spin. A MM that does that last counterfeit short position is asking to be paying 100s of thousands per share inside of a couple of minutes. + +...and a giant GUH will ring throughout the land. + +https://www.reddit.com/r/Superstonk/comments/n5hrzb/99k_spread_on_iex/ +Hey Folks! I am wrapping up renovation on an airbnb, and my business partners and I are debating whether to add on a Hot Tub in the spring. What do you feel are the pros and cons, and why do you or don't you endorse having one? +I am looking for research papers that discuss interesting investing strategies and trading ideas. + +I have heard of resources such as SSRN, ARXIV, NBER, CXO but these mainly contain research done by academics. + +Does anyone know if there is any service that aggregates financial research from a variety of sources that includes academic research but also research from investment banks, boutique trading firms, hedge funds etc. + +I would be willing to pay a decent amount to subscribe to such a service. Perhaps Reuters Eikon has something like this on their platform if anyone has any experience with it? Appreciate any help. Cheers. +I have seen a few people saying on this sub that Rentec does nothing special, they don't use advanced maths, they don't even use ML techniques. But, looking at one of the researchers working there, + +[https://www.linkedin.com/in/michael-r-douglas-b845b1126/](https://www.linkedin.com/in/michael-r-douglas-b845b1126/) + +&#x200B; + +Who has listed that he is responsible for "development of statistical approaches to making predictions from string theory". Just makes me wonder, what type of advanced mathematics they use... + +Several times in various forums, when I do mention they may have some use something from advanced maths such as Information Geometry, I get told that it is definitely not the case and how uninformed I am. I do know that a creation of a successful strategy doesn't require more than high school math - but, that is not the real problem, the issue is how do you manage the billions that they do, and I am sure that they use concepts from mathematics that only a few of us are even aware of and even fewer who can understand it. + +Just occurred to me when I was browsing LinkedIn, and wanted to post my thought here. +**Obligatory: I am not a financial advisor. I don’t even work in the field. I just really like data, research, and using my noodle for something other than keeping my ears apart.** + +**Tl;dr** \*Scoots chair around uncomfortably… Again\* During the 2008 crisis Citadel was lending securities to AIG who was lending those securities out to hedge funds to be shorted. This shorting plan backfired and led to staggering loses by AIG and Citadel. Citadel was bailed out before 12/31/2008 with $200 Million dollars, due to the losses incurred by AIG, through the “Emergency Economic Stabilization Act of 2008", also known as the “Bank Bailout of 2008”. GME short interest got down to 3.93% on October 31st, 2008 then began climbing. Citadel substantially increased their GME positions in the first quarter of 2009 (when the economy was still in the toilet) after receiving their bailout money. Citadel used the bailout to begin the journey of shorting Gamestop. + +https://preview.redd.it/j8hy9f81xzc71.jpg?width=464&format=pjpg&auto=webp&s=b00566ae962c4fbdd5d95f8e311233feb5897c1c + +https://preview.redd.it/spl5cef3xzc71.jpg?width=605&format=pjpg&auto=webp&s=1a27eee050ea0a0703430e75ec7ba50a2626516b + +# American International Group (AIG) & Citadel Securities Lending and Subsequent Bailout + +Like everything else, this story begins with 2008. An insurance GIANT by the name of AIG controlled assets of roughly $1 Trillion prior to the 2008 crash. However, during 2008 they lost a staggering amount of money, to the tune of $99.2 Billion. The primary narrative of these loses has been tied to the credit default swaps going belly up, BUT Robert McDonald, a professor of finance at the Kellogg School of Management, and Anna Paulson of the Federal Reserve Bank of Chicago did a study showing that securities lending “lost AIG $21 billion and bears a large part of the blame.” [Kellogg-Northwestern Article](https://insight.kellogg.northwestern.edu/article/what-went-wrong-at-aig) + +A firm you may be familiar with, Citadel Investment Group, was a securities lending counterparty of AIGs, and had lent out securities to AIG so that AIG could relend those securities to hedge funds to be shorted. “This business was famously catastrophic for AIG, causing a firestorm of losses for the company.” Normally, these types of losses would be very difficult for counterparties to recover from if they were left empty handed. BUT, thankfully for Citadel and their mayo safe, you and your tax dollars stepped in to save the day by providing $200 Million of relief sometime from 9/16/2008 – 12/31/2008… Shocked? Me neither. Never mind the trillions in housing wealth, retirement funds, and millions of jobs that were lost by the American people, at least Citadel and the banks were safe. + +[Hedge Funds Got Bailouts Too](https://www.businessinsider.com/hedge-funds-got-bailout-bucks-too-2009-3) + +[NY Times - AIG Bailout List](http://graphics8.nytimes.com/packages/images/nytint/docs/aig-bailout-disclosed-counterparties/original.pdf) + +[Bank Bailout Costs Taxpayers](https://www.theguardian.com/commentisfree/2013/may/28/bank-bailout-cost-taxpayers) + +# GME Short Interest + +Much like my [post](https://www.reddit.com/r/Superstonk/comments/oiwpxj/covid19_the_cares_act_and_undeniable_greed_the/?utm_source=share&utm_medium=web2x&context=3) regarding forgivable PPP funds being lent out and most likely used to aggressively short GME in 2020, I originally began this journey comparing Margin Debt to GME statistics to show how the current levels of margin debt relate to leverage in short interest. To truly grasp an understanding of the comparison, I needed to go back in time to see when GME short interest bottomed out and started its upward ascent. Oddly enough, short interest had been decreasing on GME until 10/31/2008 where it hit 3.93% of shares outstanding (all shares). From that point on, GME’s short interest has been steadily climbing. What odd timing I say to myself, thinking about the PPP funds. + +[ This graph shows that after Citadel was bailed out with $200M, the short interest on GME began climbing steadily.](https://preview.redd.it/hbr1jizq00d71.jpg?width=799&format=pjpg&auto=webp&s=976e3cbb520fee1639fbc8ea4541b5265f0dc929) + +# Citadel 13F Filings + +Citadel was bailed out… GME short interest began to climb. There’s no way a correlation exists, right? Wrong. + +Here is **Citadel’s GME positions on their 13F filing for Q3-2008 (quarter ends on 9/30/08):** + +https://preview.redd.it/sh9bhql410d71.jpg?width=872&format=pjpg&auto=webp&s=45b231708f07c21d20f071f3f0ae22c0ad83fb94 + +Yes, it looks like they’re most likely marrying calls/puts to hide short interest, but otherwise there isn’t anything overly special here. + +**Citadel’s 13F for Q4-2008 (quarter ends on 12/31/2008):** + +https://preview.redd.it/cbr7mp1f10d71.jpg?width=830&format=pjpg&auto=webp&s=663d822f72f60f96be7d91b46bb3df346fcd40e8 + +Citadel owns shares of GME now (6,265), whereas their previous filing showed only calls/puts and no actual shares in their possession. However, this is a relatively small number of shares so let’s not get carried away with our thoughts on them using their bailout money to short GME. + +**Citadel’s 13F for Q1-2009 (we know, with certainty, that Citadel has received its bailout money by this point. Quarter ends on 3/31/2009):** + +https://preview.redd.it/jyo8e88p10d71.jpg?width=865&format=pjpg&auto=webp&s=3346cd5dee0c0cceda8dbacb472e59780f14cec3 + +Well, that seems to show a rather large increase in shares owned by Citadel, and that’s because it is. In the first quarter of 2009, Citadel increased their shares owned by 836,479. They also increased their GME call options by 29,200 positions, and their puts 86,900 positions compared to the prior filing. + +https://preview.redd.it/k9ftawj520d71.jpg?width=305&format=pjpg&auto=webp&s=2e467430b14d2cc95038ac707cd9b8910ebb3da3 + +So, let’s tie this all together with a pretty bow. AIG needed a bailout because, in part, they fucked up their own shorting scheme. This caused losses for AIG’s securities lender, Citadel, who was also bailed out. GME short interest had been declining coming into October of 2008. After it got down to 3.93% on 10/31/2008 it began to climb. Citadel received a $200 Million bailout sometime before 12/31/2008. By 3/31/2009, Citadel had rapidly accumulated GME shares and calls/puts. Who here thinks Citadel was long on GME on these 1st quarter purchases of 2009 when the economy was still in the crapper? + +**Citadel used the 2008 bailout to begin shorting Gamestop. Change my mind.** +# EDIT: I have posted an updated, further-depth overview of all DTC filings [here](https://www.reddit.com/r/DDintoGME/comments/mtw35e/filings_from_the_dtc_whos_who_and_whats_what/), and will be posting NSCC and OCC filings this week. + +Someone mentioned in a comment that they got all of the recent SEC filings mixed up so I slapped this together really quick. Hopefully it helps. + +Big ups to u/c-digs who wrote nearly everything linked. If one of my summaries is hella wrong please let me know and I will fix it! + +Here’s a quick and dirty rundown: + +[DTC-002](https://www.reddit.com/r/DDintoGME/comments/mtw35e/filings_from_the_dtc_whos_who_and_whats_what/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) — Measures counterparty risk by their equity in addition to their credit rating, so tighter upper limit on amount of capital secured by smaller, less capitalized entities. As far as I understand it means members can’t keep too much of their money / securities in smaller banks. Same as NSCC-003 and FICC-001. (submitted for approval 3/10, approved 4/16 and now in effect) + +[DTC-003](https://www.reddit.com/r/GME/comments/m793h7/new_dtcc_rule_just_passed_in_effect_immediatly/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf) — Reconcile your statements with your books every day instead of every month. (submitted for immediate approval and accepted 3/16) + +[DTC-004](https://www.reddit.com/r/GME/comments/mgs05i/analysis_of_srdtc2021004_dtcc_changing_the_game/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf) — Emergency plan for what to do if one of our members gets liquidated to shit fuck and puts us all at risk (submitted for immediate approval and accepted on 3/29) + +[DTC-005](https://www.reddit.com/r/GME/comments/mibedc/the_moass_wont_happen_until_options_are_not/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf) - When a share is lent it gets marked as on loan and the person who borrowed it can’t lend it out again (submitted for approval on 4/1) + +[NSCC-002](https://www.reddit.com/r/GME/comments/mc0zfn/too_ape_didnt_read_summary_of_srnscc2021801/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf) (also 801) — Margin call your ass into the milky way (advance notice given on 3/5, submitted for approval on 3/18) + +NSCC-003 — Same as DTC-002 + +NSCC-004 — Same as DTC-004 + +[OCC-003](https://www.reddit.com/r/GME/comments/mgus2l/rc_announcement_going_to_send_stonk_to_da_moon/gswzxsa/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf&amp;context=3) (also 801) — The OCC is adding funds from its default waterfall to create a “minimum skin in the game” deposit, which i think means that a portion of their excess capital is going into the “in case of liquidation break this box first” fund and if i’m understanding *that* right it puts the OCC members more on the hook than the OCC itself when one of the members has liabilities that spill over, but i’m not 100% sure on that one do if someone could clear that up for me it would really help! (advance notice given on 2/10, submitted for approval 2/24, notice of pls give more time given on 4/6, notice of no objection (to the rule change not the time extension) by the sec filed 4/7) + +[OCC-004](https://www.reddit.com/r/Superstonk/comments/mnpzu5/srocc2021004_why_this_proposed_rule_change_is/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf) - Let’s make it easier for non-OCC members to buy up the holdings of a liquidated member for cheap (submitted for approval 3/31) + +edit: thank you to u/the_captain_slog for good clarifications on the ones that i got wrong in [this comment](https://www.reddit.com/r/Superstonk/comments/msh5mt/a_brief_overview_of_recent_filings_from_the_dtc/gut0keu/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf&amp;context=3)! +Thought this was a very interesting discussion on a (beautiful) photo posted by a reddit member who mentions that he has retired. One redditor comments: + +>I need to retire. + +Followed by another comment that will sound familiar to any of you on this subreddit: + +>If you can save half your income, you'll have enough to retire in about 17 years. + +Cue a TON of responses by other redditors generally misunderstanding or rejecting concepts that are pretty innate to any of the people who visit this sub regularly. I don't wish to shit on other redditors, but I do find it fascinating how far removed the concept is from the mindset of most other people - especially given the frequency with which we get a topic along the lines of "What if suddenly everyone starts pursuing FI?" on this subreddit. I would say the probability of that happening is exceedingly low. + +http://np.reddit.com/r/pics/comments/84r88n/i_retired_35_years_ago_and_moved_to_the_mountains/dvrpk7p/ +My parents are in their late 50s and came to visit my wife and I over christmas. My mother no longer works, due to legitimate medical issues and my father has been a salesman for 30 years. Straight commission, so if he has a couple bad months, they get really behind. + +My wife and I are early 30s and live 2000+ miles away from my parents. We both have good jobs, due to attending college, which we both paid for fully with no help from any parents. We also purchased our first home this year, also with no assistance. + +Growing up, I always heard that my paternal grandparents had a lot of money. My grandmother was super cheap, but they always paid cash for houses, cars, and RVs and supposedly had money invested. They are now in their late 80s and have been retired for 25+ years, so that money (besides the house and RV) is supposedly dwindling quickly. + +We found out about 6 years ago that, because my father has been 1099 for 30 years, he owed more than 100K in back taxes. To deal with this, he convinced my mom to cash out her small 401K (about 60K) and throw it towards their tax bill, leaving it at 50K owed. She did it and then had a stroke about two years later, which left her unable to work and she was unable to build up her retirement again. + +Anyway, during their visit, my wife asked my father when he plans on retiring. His answer was "I'll have to work until I die." Wrong answer. We just watched my mother lose her ability to work in a second with no warning. Later in the visit, we saw a baby and his father at a park and were making comments about how it's funny that we all started as babies and my father said, "That's how it works, you take care of your kids and then they take care of you." + +He has no money saved for retirement, any hope of some windfall from his parents is gone, and he sees us doing well. I love my parents, but a large part of us having a good relationship is me ignoring some onerous political and religious opinions that they have. I feel like my wife and I have brought ourselves out of poverty and are just starting to do well financially after a lifetime of bad examples. For him to drop those comments on us really scares me. We do have extra space here at our house, but "we have fallen on hard times, can we move in?" is not an option. + +What would be the best way to get out in front of this? I have heard of long-term care insurance, but I think my father is prohibited from some insurances because of his tax liabilities. + +I do have a sibling, but it is not possible for her to help my parents in any way. + +I can answer any questions that might help clarify the situation. + +tl;dr I think my father hopes that my wife and I will be his retirement plan. That cannot happen. + +EDIT: This really turned into quite a thread. I appreciate each and every answer. Even the ones saying I am a selfish asshole. + +-My wife's parents are deceased. + +-My mother is on SSD + +-My parents rent, they do not own any property to sell + +-They have always gone to weird churches and got caught up in a cult that preached "prosperity gospel." We found out they gave over 160K in 5 years. + +-I live in San Diego and my house is 1000 sqft 2BR/2BA. I should have said "AN extra room" + +Also, Regarding myself seeming cold. I purposely left emotions and history out of the post in favor of facts. + +Just got an email this morning from “Spotify Support” about how my account is being suspended due to my payment information expiring. + +I am telling you this email was the most legit e-mail I’ve ever seen from a scammer. The text was the same as Spotify’s emails and the support links redirected you to Spotify. The activate now link takes you to the actual Spotify login. Once you login in though you’re somehow re-directed to another site looking for your SSN which is where I realized what was happening. + +This was by far the most advanced scam attempt I have seen yet and I hope people are smart enough to realize a music streaming platform does not need your social for you to use it. +For those who are officially in the game (aka over the learning phase at the beginning and actually making profits) how much time are you allocating to trading per day? And are you making consistently more per hour than a regular job? +I’m looking to get some more audiobooks on investing in real estate as a first time & small time investor and wanted to see what were some good audiobooks to listen to? + +I see the BRRRR method being written about a lot so it seems pretty valid and popular for a reason. + +Should I get this book or something else ? +https://www.cnbc.com/2020/04/16/sp-500-etf-jumps-2percent-after-hours-on-report-gilead-drug-showing-effectiveness-treating-coronavirus.html + +The ETF that tracks the S&P 500 rallied in after-hours trading Thursday after a report said a Gilead Sciences drug was showing effectiveness in treating the coronavirus. The move pointed to a jump for the stock market on Friday. +On paper/spreadsheet we're able to FIRE. As of today we have a fully paid off PPOR and assets worth 25 times our annual expenses! Feeling a mixture of excitement, surrealness and an urge to shout it from the roof (won't be a huge surprise to my partner when she gets home as we've been inching closer since January when we were at 88.35%). + +The rough plan is to keep doing more of the same; for me to slowly turn my job into a hobby (I'm 53 and work in an artistic field) and for the missus to keep slogging away in the corporate world for another five years, or until she's had enough. + +Thanks for listening! + The ‘Blockchain Eight’ wrote a bipartisan letter in March attempting to chill the SEC’s information requests to crypto firms. FTX was one of those firms. + +The Securities and Exchange Commission was seeking information from collapsed cryptocurrency exchange FTX earlier this year, the *Prospect* has confirmed, bringing a new perspective to an effort by a bipartisan group of congressmembers to slow down that investigation. + +The March letter from eight House members—four Democrats and four Republicans—questioned the SEC’s authority to make informal inquiries to crypto and blockchain companies, and intimated that the requests violated federal law. + +Rep. Tom Emmer (R-MN), whom the Republican caucus just elected as majority whip, the number three position in the House GOP leadership, led the letter. In a contemporaneous Twitter thread, Emmer wrote: “My office has received numerous tips from crypto and blockchain firms that SEC Chair Gensler’s information reporting ‘requests’ to the crypto community are overburdensome, don’t feel particularly … voluntary … and are stifling innovation.” + +https://preview.redd.it/imxeqv26y32a1.png?width=596&format=png&auto=webp&s=04d6c8310dacbfe01ac98ee19b78fc17fd938713 + +We now know that FTX was one of those firms receiving information requests from the SEC, about the very activities that have brought down the firm. This raises the question of whether Emmer and the other congressmembers were acting on behalf of FTX (which has been credibly accused of snatching customer money to make risky bets) to try to chill an ongoing investigation from an independent regulatory and law enforcement agency. + +Full article: [https://prospect.org/power/congressmembers-tried-to-stop-secs-inquiry-into-ftx/](https://prospect.org/power/congressmembers-tried-to-stop-secs-inquiry-into-ftx/) +Over the past several weeks I've noticed several posts or comments that lead me to believe there may be a bit of a misunderstanding about what a MARGIN CALL is. Because I love all of my fellow HODLers, I am not going to single out any of the posts or comments. + +&#x200B; + +[https:\/\/pbs.twimg.com\/media\/ERNu7C-W4AAleb4.jpg](https://preview.redd.it/x6wbwddgzi071.jpg?width=800&format=pjpg&auto=webp&s=b65d44ff3b998ee4f2dcd65212a83312771ac210) + +I know that I, like many of you, have added a bunch a wrinkles since January thanks to many of the brilliant Apes writing DD and the Silverbacks coming and doing AMAs and I'm hoping that you, like me, never get tired of adding more. Since there seems to be a little bit of a misunderstanding about what a margin call actually is, I thought it would be good to provide some clarification and add a few more wrinkles to all of our smooth brains. + +Also, if you're looking for a way to pass the time while waiting for the MOASS, I suggest reading through [https://www.investopedia.com/](https://www.investopedia.com/). There's seriously a ton of ELIA information about investing and the market. This is of course after you catch-up on any of the [AMAs](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA), [Dr. T's book](https://www.amazon.com/Naked-Short-Greedy-Streets-Failure-ebook/dp/B08XXXRH7T/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=&sr=), and the essential market related movies (**MARGIN CALL**, The Big Short, The Wall Street Conspiracy, Boiler Room, Wolf of Wall Street, etc.) + +Now for what you came here for: + +# What is a margin call? + +Generic definition: ["A margin call is a request for additional collateral when a trader's position or investment drops in value."](https://qz.com/1991073/how-many-funds-are-a-margin-call-away-from-failing-like-archegos/) + +This is more of a description of how it works between a retail investor and broker but the principle is the same: + +["A margin call occurs when the value of a margin account falls below the account’s maintenance margin requirement. It is a demand by a brokerage firm (lender/Bank) to bring the margin account’s balance up to the minimum maintenance margin requirement. To satisfy a margin call, the investor (Borrower/Hedge Fund/Institution) of the margin account must either deposit additional funds, deposit unmargined securities, or sell (close) current positions."](https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/margin-call/) + +More in depth description about what a margin call is here: [https://www.investopedia.com/terms/m/margincall.asp](https://www.investopedia.com/terms/m/margincall.asp) + +&#x200B; + +**TL;DR: A margin call is the notice that a borrower's collateral has become inadequate for their current investment position. They must either deposit more collateral or close a portion of their "at risk" positions. It is not a forced closeout. A forced closeout is what happens if the borrower is unable to satisfy the margin call. As long as a borrower is continually able to satisfy the requirements of the margin call(s), they are able to keep their position.** + +&#x200B; + +>*SPECULATION: This explains why we are seeing so many "Pump & Dumps" of securities that Citadel & Friends have positions in. They're printing money off of these other SCAMS in order to satisfy the margin requirements for the positions they currently hold while they string them out to try to slowly unwind them over time.* + +DO NOT DAY TRADE GME! DO NOT FALL FOR ANY OF THESE OTHER PUMPED SECURITIES/CRYPTO! DON'T FEED THE BEARS, THEY'LL EAT YOU! + +[https:\/\/i.redd.it\/9llkyh6lvo141.jpg](https://preview.redd.it/msscs7u5ij071.jpg?width=960&format=pjpg&auto=webp&s=0b0bc230858c6cce5120bc04910073938c0d0528) + +&#x200B; + +# [What is Forced Liquidation?](https://www.investopedia.com/terms/f/forcedliquidation.asp) + +Basic Definition: + +"Forced selling or forced liquidation usually entails the involuntary sale of assets or securities to create liquidity in the event of an uncontrollable or unforeseen situation." + +"Within the investing world, if a margin call is issued and the investor is unable to bring their investment up to the minimum requirements, the broker has the right to sell off the positions." + +THIS IS THE SPECIFIC TYPE OF LIQUIDATION WE ARE WAITING FOR: + +"The opposite of forced selling in a margin account is a forced buy-in. This occurs in a short seller’s account when the original lender of the shares recalls them or when the broker is no longer able to borrow shares for the shorted position. When a forced buy-in is triggered, shares are bought back to close the short position. The account holder might not be given notice prior to the act." + +[https:\/\/news.ewingirrigation.com\/wp-content\/uploads\/2015\/07\/MISC-Ice-Melting1.jpg](https://preview.redd.it/k7xbxtn60j071.jpg?width=500&format=pjpg&auto=webp&s=39079ad5c8e5f5054c711212c0045fa5ba28b747) + +&#x200B; + +**TL;DR: Margin Calls are merely steps towards what we really want...a forced buy-in! As long as the shorts continue to meet margin requirements, they will be able to continue to kick the can down the road. A price spike that pushes them beyond their ability to meet the margin requirements, a massive depreciation of their other positions, or regulatory action is needed to trigger the forced selling.** + +&#x200B; + +# This is the way to MOASS: + +1. BUY & HODL GME +2. STOP BUYING OTHER GIMICKS/DAY-TRADING/ETC. (Don't feed the bears) +3. WAIT PATIENTLY FOR FORCED BUY-IN, MARGIN CALLS ARE JUST STEPS TOWARDS THAT END. WHEN SHORTS CAN NO LONGER MEET THE CALL... + +# 🚀🚀 🚀🚀 🚀🚀 🚀🚀 + +&#x200B; + +*Let me know if I missed anything...* + +&#x200B; + +Edit: added #DontFeedTheBears + +Edit 2: u/InvincibearREAL pointed out that I forgot to include the most obvious movie to be watched (especially considering the post topic): Margin Call ... so I added it to the list + +# Edit 3: The best TL;DR in ape language courtesy of u/cryptocached + +# "Margin call is a shart. It stinks and can be a little messy, but it's really just a warning. If you don't heed that warning and take care of your business in a timely fashion, you'll shit your pants in a forced liquidation." + +Edit 4: Created [visual TL;DR Post](https://www.reddit.com/r/Superstonk/comments/ni9oc1/margin_call_vs_forced_liquidation_in_ape_ape/) +I’m a crusty Gen X oldie. We were spawned from the most selfish generation to exist. So selfish in fact that we are small in numbers and for the most part have been overlooked and ignored. We were the last generation to know only 3 tv channels as children and grew up playing Atari, and Coleco vision which were just boring enough that we played outside more than inside. +I found Reddit before the baby squeeze and have held on to my original shares and bought quite a few when it dropped to 38. I’m only an xx holder cause I run a small business and need every penny I can hold onto after 9/11, 2008 and the Vid. I just gotta say that no matter how the msm and ass wipes paint us we really are the most diverse bunch of sob’s ever. I’ve always felt that the internet and especially social media is a shit show and something toxic to avoid. In this case..... I gotta say home run. A bunch of Apes from around the world who don’t give a shit about where you’re from or who you are. + +Fucking refreshing. + +I maybe an absolute moron, but I’m gonna hold for my family, and my extended Ape family. + +Fuck these d-bags we all deserve a fair fucking shake. It’s time to level the playing field. + My mother bought a house with her then boyfriend on 12/25/2005, She paid 40k and he paid 20k of the down payment. They split the mortgage 50/50 until my brother moved in and then mom paid 1100 and boyfriend paid 700. He paid for a well repair in 2006. In 2008 he left and stopped paying anything. He has not paid a dime since. Mom has paid all the mortgage and also paid to repair the well again in 2018. Also a new roof. They are both listed on the deed as UI. Now the house is worth 500k and she wants to sell but her ex boyfriend is no contact. Is there any way to get him off the deed? Or at least make sure his half of the mortgage payments are taken from his share of the sale? +^^souce: ^^https://www.forexfactory.com/showthread.php?t=651547 + +95% of all traders fail is the most commonly used trading related statistic around the internet. But no research paper exists that proves this number right. Research even suggests that the actual figure is much, much higher. In the following article well show you 24 very surprising statistics economic scientists discovered by analyzing actual broker data and the performance of traders. Some explain very well why most traders lose money. + +1. 80% of all day traders quit within the first two years. + +2. Among all day traders, nearly 40% day trade for only one month. Within three years, only 13% continue to day trade. After five years, only 7% remain. + +3. Traders sell winners at a 50% higher rate than losers. 60% of sales are winners, while 40% of sales are losers. *(not sure what this actually means, some stocks thing?)* + +4. The average individual investor under performs a market index by 1.5% per year. Active traders under perform by 6.5% annually. + +5. Day traders with strong past performance go on to earn strong returns in the future. Though only about 1% of all day traders are able to predictably profit net of fees. + +6. Traders with up to a 10 years negative track record continue to trade. This suggests that day traders even continue to trade when they receive a negative signal regarding their ability. + +7. Profitable day traders make up a small proportion of all traders 1.6% in the average year. However, these day traders are very active accounting for 12% of all day trading activity. + +8. Among all traders, profitable traders increase their trading more than unprofitable day traders. *(again don't know what they're saying here)* + +9. Poor individuals tend to spend a greater proportion of their income on lottery purchases and their demand for lottery increases with a decline in their income. *(this is trading how? - maybe poorer people 'gamble' more on markets and don't use correct money management?)* + +10. Investors with a large differential between their existing economic conditions and their aspiration levels hold riskier stocks in their portfolios. + +11. Men trade more than women. And unmarried men trade more than married men. + +12. Poor, young men, who live in urban areas and belong to specific minority groups invest more in stocks with lottery-type features. + +13. Within each income group, gamblers underperform non-gamblers. + +14. Investors tend to sell winning investments while holding on to their losing investments. + +15. Trading in Taiwan dropped by about 25% when a lottery was introduced in April 2002. + +16. During periods with unusually large lottery jackpot, individual investor trading declines. + +17. Investors are more likely to repurchase a stock that they previously sold for a profit than one previously sold for a loss. + +18. An increase in search frequency [in a specific instrument] predicts higher returns in the following two weeks. + +19. Individual investors trade more actively when their most recent trades were successful. + +20. Traders don't learn about trading. Trading to learn is no more rational or profitable than playing roulette to learn for the individual investor. + +21. The average day trader loses money by a considerable margin after adjusting for transaction costs. + +22. [In Taiwan] the losses of individual investors are about 2% of GDP. + +*somehow I've ended up with 22. But whatever - some interesting findings.* +Hello, + +Oof... this is complicated isn't it? I've done a lot of research and found a mostly unanimous consensus to definitely not buy EU-domiciled ETFs. So that leaves me with two options, can someone assist? + +1. I wire my euros from my german paycheck to my american brokerage and buy ETFs there. I feel like this is illegal somehow but don't know. I'd lose a lot of money on fees but it seems preferable to dealing with the PFIC situation +2. I open a brokerage in Germany and use the euros to invest there? But if so, I can't use it to buy US ETFs because of EU compliance and I can't buy EU ETFs because I'll get boned on taxes. + +I'm very confused, what are my options? + +All I am trying to do is a passive boglehead strategy where I have three funds (US tickers - [VTI](https://investor.vanguard.com/investment-products/etfs/profile/vti), [VXUS](https://investor.vanguard.com/investment-products/etfs/profile/vxus), [BND](https://investor.vanguard.com/investment-products/etfs/profile/bnd); EU tickers - [iShares MSCI World](https://www.justetf.com/en/etf-profile.html?isin=IE00B4L5Y983#overview), [iShares EU 600](https://www.justetf.com/en/etf-profile.html?isin=DE0002635307#overview), [iShares Global Gov Bonds](https://www.justetf.com/en/etf-profile.html?isin=IE00BYZ28V50#overview)). How do I accomplish this? + +Referencing [this post](https://www.reddit.com/r/eupersonalfinance/comments/vzl8jr/holding_etfs_as_an_american_in_germany/) I found with more information about the terrible PFIC aspect of investing in EU ETFs. +Greetings everyone, + +I'm a 28 years old middle class worker from Italy, new to this community, and interested in investing what i managed to accumulate in these few years of working. + +I spent this morning trying to gather information on how to invest low capital in a smart way without much risk and decent returns. + +What i have gathered so far is that ETFs are a good and mostly reliable way to earn long time investment money. + +I have currently 50k euros sitting in my bank account with a horrible 1% yearly interest return rate... + +I was planning to invest around 20k in EU or US ETFs, perhaps emerging markets also. Obviously I'm looking at 10 - 20 year long investments at least. + +I do have a few important questions i hope this community might be able to answer... + +Can I invest in these funds on my own without going trough a broker / bank? I was looking at platforms like IShare or similar. If that is the case, how would I invest on my own? Perhaps just create an account, choose which fund to invest in and deposit money there from my bank account? + +Say i managed to put 10k into these big 500 US company funds, theoretically in 10 years i would maybe have 30 or 40k in my account, if I wanted to withdraw the entire amount would i have to pay taxes on it? How Much? Would i lose a lot of money from switching dollar to euro? + +If i went trough a broker / bank, how much money would i have to give them in % compared to a solo investment? + +Can you guys recommend any guides for beginners like me in ETF investing from Europe? + +I know I'm asking a lot of questions, i plan to speak to my bank investing consultant this week but i wanted to meet him with some knowledge first. + +I'd like to thank in advance anyone who would take the time to answer these questions, have a good day everyone. +I graduated in June of 2019 with B.A. degrees in both international affairs and economics. My end goal is to establish a career in economic development with an IGO\* such as the World Bank or UN. My issue is that I've been out of school for 9 months and haven't even had an interview. I'm terrified of taking the extra classes I need to get my master's in economic development and being back in the situation I am now but wit two years less time and more debt than I have now. + +Are my B.A. degrees totally useless or is there somewhere I should be looking for career counseling? + +I had to work full time throughout school and did not have time to complete an internship and it's really coming back to bite me. +This is a general post about event being fit onto market action after the fact. It is so silly. Why didn't anyone say "Market up the last 5 days due to Delta variant" ? I could find 20 events, both positive and negative, that could be used to explain why the market went up or down. If the market was up today, no one would talk about delta, they'd talk about some peace treaty somewhere. + +Heat wave! Climate change! Market goes down. Ooops, when that was the news, the market went up. Condo collapse! Market goes up. Europe flooding! Market goes down. Nope, it went up. + +Delta variant has been in the news for months, and NOW the market goes down because of Delta? Maybe yesterday the market went up because of Delta. Just as stupid. + +Ignore all news. The market dropped because there were more sellers than buyers. The scapegoat just happens to be some arbitrary event. + +Today's Update: [https://www.reddit.com/r/stocks/comments/oo4b6a/update\_if\_news\_media\_had\_any\_logical\_consistency/](https://www.reddit.com/r/stocks/comments/oo4b6a/update_if_news_media_had_any_logical_consistency/) +ARTICLE FOR REFERENCE: [https://arstechnica.com/gaming/2022/07/analysis-gamestops-nft-marketplace-earns-the-company-just-45k-in-first-day/](https://arstechnica.com/gaming/2022/07/analysis-gamestops-nft-marketplace-earns-the-company-just-45k-in-first-day/) + +From this article, I would argue that $45,000 transaction fees out of about $1.98 million in volume in the first day of launching the NFT market place is reason to believe that the NFT space has potentially entered normalization. + +The NFTs Gamestop sells do not appear to be geared towards speculation like we've seen at the top of the NFT hype and they are currently being bought by people who want them as part of a gaming or collectible experience. + +For GIF/art type NFTs, I would argue this is what that market should look like, meaning, some type of "affordable" price for a respective NFT for people who want them to enhance an experience, not to speculate on future price. + +On top of that, this is occurring at arguably the lowest point in the NFT hype phase and the future seems bright after all. + +Thoughts or counter arguments to what we're seeing? + +**EDIT:** + +u/Psukhe Made a great comparison with this comment: + +"OpenSea did $1.1M in volume in the last 24 hours, and 2.5% of that as fees, which is 27.5k, over the last week OpenSea had 87M in volume, or 218k in fees. So it seems decent if they can keep the volume up? + + \*Edit: actually it was $11.1M in the 24 hours, so 275k in fees, and 2.18M in fees for the week. Thanks to a post below Seems that there is a bit of catching up to do " +**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 +IMO, Sears deserves what they get, Not the shareholders, but why would one invest in this company? I also feel bad for the employees, Lampert ran that company into the ground. + + +*Note: Mods, this would be a Data flair, please and thank you for all you do*. + +There's a trending post today about their[ office activity being a crucial datapoint we have](https://www.reddit.com/r/Superstonk/comments/o7kcy4/citadels_office_activity_is_a_rare_and_crucial/). + +If you want a healthy dose of confirmation bias on how many people are at Citadel after-hours... + +I've been doing some food delivery in the Loop (CBD of Downtown Chicago), never starting before 5pm CDT. I always get deliveries to Citadel Center (the name of the whole building). + +In the past 2 weeks, they've moved from leaving deliveries at the visitor desk to having a person whose entire job is watching a cart of revolving order drop-offs and pick-ups. During the 60 seconds I run in/out of the building I see multiple people dropping off food orders. Picking up from nearby businesses I see people in their Citadel Securities fleece vests who have gone out for a quick takeout dinner. + +Now, this is a huge building that's probably full of many businesses, but you should know, from the ground... they really *are* busy in the evening. + +--- + +***This is not financial advice!*** +*This post was **anonymously** submitted via **[www.superstonk.net](https://www.superstonk.net/)** and reviewed by our team. +Submitted posts are unedited and published as long as they follow r/Superstonk rules.* +https://www.recode.net/2018/9/19/17878766/scott-galloway-predictions-amazon-hq2-apple-retail-code-commerce + + +I think his comments on VR are off, but he makes some very interesting points. I wonder how much movement there will be on the price once they announce HQ2. + +I think his comments, especially on amount of corporate tax paid etc are all valid and it really does seem that regulation or some form of break up are the only thing stopping Amazon. +I’m developing a mixed use mid-rise building for 2022. It will have 75 apartments and ground floor commercial and is an infill location. + +As a result of Covid, we’ve already changed our typical project. All units will be “work from home” ready with the addition of a desk nook in each unit. We are also providing upgraded HVAC which is covered by a grant. + +But my question is this - how else has the world changed? What have you seen or what can you envision for the next generation of multifamily living? All ideas are welcome and please suggest vendors if known. + +Here are some categories that I’m investigating but I may be missing things: + +-Phone apps to control locks, HVAC, lighting, rental payment + +-landlord provided broadband wifi and bundled streaming cable/content + +-Providing common area “maker space” for art, music, multimedia + +-drop off area and shelving for food/grocery deliveries + +-food truck parking area + +What other ideas have you seen or would you like to see? + +Edit: the apartments are for rent. The location is commuter friendly - convenient to good tech jobs and shopping. While we will rent to anyone, the likely tenants are younger working professionals without kids. +I'm planning on buying my first property, a SFH in the Florissant area. I saw that St. Louis just extended the ban on evictions for at least another month. Has anyone had any serious issues with tenants due to these laws? I would be finding new tenants to fill the place in the this instance, so guess I can screen them well. + +Part of me feels crazy for getting in this game now. +I do business studies, not economics so I know the basics on inflation but I’m not too strong on the subject. + +Recently I’ve been looking at These liberal subreddits where their main point is to have rich people give away their wealth, but wouldn���t that just drive up inflation? +An intro to micro instructor in another subreddit wrote, "demand is always there, even if the product is so expensive that no one wants to buy it at that price." + +The way I remember being taught is that "wants" are unlimited (unlimited wants, limited resources), and demand depends on the price. + +Am I wrong or is the teacher wrong? +In particular, look at the Saw movie franchise. The first cost only a million and made 100 million. The rest all cost around 10 million (from Saw II until the latest, Jigsaw) and made an average of 70 million). + +Given that movies only take a few years to make, gettings 700% return on investment seems insane. What hidden costs aren't being reported? What's going on? +I'm going into an economics masters program next year, and have seen in my undergraduate career that machine learning is the way of the future (and present tbh). I have free time till it starts and need stuff to do, so want to dive a bit into machine learning in economics specifically. Does anyone have recommendations of any resources for this? + +I have some experience with R and Python, and have some experience with machine learning in chemistry (using python) at a basic level. Recommendations in python specifically would be great, because even though I personally really like R, i dont think its as suited to machine learning. + +Thanks! +So, if I got things straight : + +Basically, Chavez started printing money immediately after taking office. Then Chavez sold oil to the US in order to finance public spendings, but once the US started an embargo, and once OPEC decided that oil prices would fall, Chavez didn’t have money to finance his public spendings anymore so he started to print even more money, which caused hyperinflation. Also, while many farmers were promised landed titles, many never got them, as they were forced to work in collectives. + +So...if Chavez didn’t start printing money after taking office, if the US didn’t start an embargo, if OPEC didn’t decide oil prices would fall and if farmers actually got landed titles, wouldn’t have socialism worked in Venezuela ? +Corona is causing the worlds economy to take a hit, but for the lucky few of us who still have our high income jobs, it could be a blessing. + +I am in Toronto, and while real estate is still very inflated, it seems like it might be a good time to buy a rental property. + +What are some things you’re doing? +It is clear that RETAIL owns over 101% of the float. If we all diamond hand till the end, they CANNOT close all their positions. This will cause the price to SKYROCKET past the moon! + +The more people who agree to hold ONE share forever, the higher this thing goes! + +Buckle up SHITADEL, shits about to get real! + +$GME to the MOON! +🚀🚀🚀 + +Edit: I like the stock, everyone should make their own personal decisions about when to sell. I am just posting facts. I am not a financial advisor. Which is why this is discussion and not DD. +I feel like homeownership will never be in our reach. My husband makes 45k per year, and has excellent credit. We have no debt, but its because we pay all our cards off completely at the end of ever month, which leaves us broke. Should we not be doing this? I have a cousin who's husband does the same work, pay is the same and they are so much further ahead than us, Idk what we're doing wrong. I do not work right now as our 2 kids are home from school and I am taking care of my elderly parents. + + +Most homes in our area area start at 250,000. We want to own a home in a year. Any advice? +25/M and currently on 70k but after 9 months, I've been offered a similar but slightly different role for 110k. The market is extremely hot at the moment for employees. The jump seems too high to turn down but there's a slight remorse for leaving after 9 months if i do. + +For your job, what percentage/$ value would it take for you to move company. +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! +