diff --git "a/reddit_finance_43_250k_287.txt" "b/reddit_finance_43_250k_287.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_287.txt" @@ -0,0 +1,10000 @@ +Does anyone know of any resources that may be available? Has anyone been in the same situation before and been able to find help? +I love working and don't want to resort to unemployment so I can recieve free housing for me and my daughter. + + +EDIT: Sorry everyone, i think my brain had a meltdown and I put £800 per week. I meant per month. Sorry for any confusion. +Demand for pre-construction condominiums in Toronto has begun to decrease as a result of rising interest rates, but market-watchers assert that developers are unlikely to reduce prices since their margins are already under pressure; instead, they will postpone developments. + +Full Article Here: [https://thetorontohousingmarket.com/torontos-new-condo-market-is-experiencing-a-decline-in-demand-but-prices-are-expected-to-rise-as-developers-postpone-their-debuts/](https://thetorontohousingmarket.com/torontos-new-condo-market-is-experiencing-a-decline-in-demand-but-prices-are-expected-to-rise-as-developers-postpone-their-debuts/) +After beginning to file my crypto taxes I realized a couple things. Blockchain technology if it were not to remain anonymous will be the de facto tool to literally watch and record every step any person makes. Every transaction whether its money, text, video, you changing the color of your lightbulb (IOT chain) the RFID Chips in your coke bottle (VEN) will be watched and recorded. Literally everything around you will be on the ledger. + +For example in a near possible future where anonymity does not exist in a blockchain then people will not be able to get away with anything. And failing to comply with the authority will stop you from being able to access certain things +Because everything will be connected. You now see blockchains for almost every industry and or service. + +Say Rick doesn’t pay his taxes or says something anti establishment on the internet. These actions will forever be on the blockchain. It will be undeniable that the person didn’t commit these actions because identities will be given via rfid chips like Walton or though companies like TKY. Then the consequences of these actions will lead into other aspects of life because everything will be interconnected On the blockchain. Certain services will be prohibited to you because you don’t qualify. + +Right now China and other nations are developing a system that rates you based on your social actions. Straight black mirror. You say something bad about the president or jay walk then you get docked points and forfeit certain privileges or worse. + +Blockchain has the potential to bring a whole new system of control never before seen if crypto loses its core value. + +We as community in general are blinded by profits and naive to the fact that the old guard will simply step aside. Instead they will do what they do best. Infiltrate, coercion ,control. Purposefully crash the old system. Controlled chaos. Implement a new system “by the people for the people.” + +DESTROY FROM WITHIN - the inner front strategy +“A war can only really be fought against a enemy who shows himself. By infiltrating your opponents ranks, working from within to bring them down, you give them nothing to see or react against- the ultimate advantage. From within you also learn their weaknesses and open up possibilities of sowing internal dissension. So hide your hostile intentions. To take something you want you do not fight those who have it, but rather join them- then slowly make it your own or wait for the moment to stage a coup d etat. No structure can stand for long when it rots from within.” + +We are in a war for freedom. + +This might sound tin foil but if you look at the big picture this is possible. We are at crossroads. + +Edit: for people wondering why blockchain would or should replace centralized methods already in place from government perspective. My theory: + +Governments want to track every transaction. The reason for this is for your security. (Terrorists, illegal drug transactions, let’s not forget taxes). Cash is not completely traceable. This is why Leaders of China have mentioned cash will eventually be all digital. + +Immutable ledger makes every transaction set in stone. + +Since it is on a ledger it is traceable. + +World accessible blockchain equals = world currency, world government, centralized control. + +Most importantly they have the people’s backing because crypto is anti establishment. Make people think they are winning the war but behind the scenes they are contributing to their demise. + +But this future is not confirmed... yet. + + + +Hey UKPF, just looking to hear from long term single folk? + +Do you feel that you have paid a price financially for the fact you are single? Do you have advice for other singletons about finances, getting a property and general future proofing your finances? +It’s a tale as old as time. Buy the rumor, sell the news. These past few days everyone has been expecting a huge pump today because of the country’s legal tender news. Well, guess what? Crypto doesn’t care who or what tells it what to do. Especially not a subreddit. + +For years, this has happened not only here, but in the stock market. Buy the rumor, sell the news. I don’t know if it’s still not a known thing but geez, it should be by now. + +Anyway, hodl and don’t panic. This is hardly a dump. + +Sincerely, + +Someone who expected the dump on a day everyone expected a pump + + +I had £5000 GBP that I had saved and I was determined to finally try make something of my money. + +I spent weeks learning how to read charts/technical analysis and as I became more confident I wanted to learn further. I have $6900 spread across some reasonably safe coin but no greed got the better of me... + +I was following JRNY Crypto since I got into this mid Feb. He was always talking about his memberships and I became really curious and wanted to get involved. + +I saw him post a message on Twitter about his membership commenting on what one of his subscribers had said. I was convinced this would be a good decision. + +So later that day I messaged JRNY crypto... or atleast... I thought I did... + +Earlier that day I followed someone called @JRNYcryptto + + +i didn’t realise the extra T I messaged this guy and expressed my desire to join his membership program we actually had a good conversation he broke down the different types of membership and I was sold he directed me to this trading platform + +Bitcryptotrade.net + +Because I messaged him first there were no red flags.. I thought the trading platform looked a bit crappy but still no red flags... I head to the subscription page where I deposited 5 grand... saying it out loud and reading as I type is making me feel utterly sick that I could be so fucking retarded.... + +The premise was that he would trade with my funds and after he had achieved the certain ROI he’d take 20% and I would take the rest. Like you pay a an investment banker. I had sunk a few whiskies earlier in the evening which I knew clouded my judgement.. + +It wasn’t until after I had deposited.. that I felt the urge to check something... I remember in a JRNY video he was aiming for 100k Twitter following. I went back on Twitter and noticed this guy had 20k.. dread filled my soul I then noticed the extra T.. + +I knew at that moment I was never seeing a single penny of that money ever again.... I brought this new discovery to his attention. He claimed he has a second account so that he can message prospects. I knew it was total bullshit but I was worried that he had some of my info and I was nervous this could get worse.. + +He kept reassuring me this was real and I should relax.. a few days later he aggressively try’s to convince me that I had to pay his 20% commission fee upfront I couldn’t believe the balls of this guy... I told him that wasn’t gonna happen I had very little left basically $1700 from my original £5000.. + +He then try’s to befriend me saying not to worry about the fee and continued to try reassure me.. I went along with it due to worries he may be able to hack my wallet to retrieve my last few coins. Lastly he says for me to withdraw my profits at the end of day 5 I’d need to pay a $5000 withdrawal fee. + +Neither the commission fee or withdrawal fee was ever mentioned prior to me depositing funds. He tried to take advantage of the fact I was all in and tried to exploit another 11 grand out of me. Not once was I ever going to pay.. + +I thought I was a smart guy but I’m a dumb fucking idiot who deserved all of this. To make matters worse I have been bombarded by fund recovery scammers... + +I have only a tiny bit left and every day I’m lying to my partner about how my crypto investing is going.. + +For the love of god don’t be as retarded as me please read this, feel free to laugh and ridicule I deserve it... read this and remember even if you think you’re talking to a legitimate person with good intentions even if YOU message them first... + +Please be careful.... +I keep seeing comments saying MOASS next year at the earliest. + +Remember one thing: the guy who is in control of the nuclear option bought calls on Bath Company for JANUARY '23, with hiiiigh strike prices. + +That is all you need to know. Ignore the FUD. + +Buy, hold, DRS. + + +Edit: Did not expect this post to gain this much traction. Add me on twitter @LIGMALarry1 +If anybody wants to send me my first NFT, my wallet addy is there 🤣 +I think at the current price levels, GE looks like a good investment. There is a wide margin of safety and it is right in the wheel house for one of Ben Graham's value finds, a big company that has been beaten down. +**OKCoin’s response** + +Dropbox of files: [https://www.dropbox.com/sh/7dudlieancb1tr0/AAA0xmqujCZsvaQ0f_Uf-03Da?dl=0](https://www.dropbox.com/sh/7dudlieancb1tr0/AAA0xmqujCZsvaQ0f_Uf-03Da?dl=0) + +**1. Operating Bitcoin.com facing a new counterparty** +The Ripple FinCen findings related to dealing with Roger Ver set off an internal review related to conducting further business with Mr. Roger Ver. OKCoin’s team came to a decision to discontinue facing Mr. Ver on the management of Bitcoin.com for two core reasons. The first being the findings of the Ripple investigation. The second, on further review, the contract was not in good standing as it did not contain the OKCoin legal entity in the contract. It should also be made aware that OKCoin made every effort to continue management of Bitcoin.com facing a different counterpart under a legally binding contract. + +**2. Different Versions of the Contract** +In our review post the Ripple FinCen findings, it was found that v7 (the contract Mr. Ver holds) was not the version of the contract which our finance and accounting department held (v8) digitally and physically. In the past 24 hours, Mr. Ver made public false accusations that CEO Star Xu forged the v8 contract. There was never forgery committed by Star Xu. We would find such forgery to be a serious breach and view the actions of Mr. Ver to assume and claim forgery a seriously misplaced allegation. We will further review every course of action in light of these false accusations by Mr. Ver. OKCoin holds the original v8 hardcopy contract signed by a former employee at OKCoin and this contract was given to our finance department in December 2014. The document is open to any forensic investigation on the date it was signed. OKCoin also has the digital contract sent to our finance department over QQ on December 16th, 2014 by said former employee. We have provided these screenshots. The former employee and Mr. Ver are friends and formerly worked together at Blockchain.info. + +Dropbox Exhibit A + +**3. Oath from CEO Star Xu:** +"I have attached the digital communications and attachment of the v8 contract that my former colleague sent via QQ to our accountant on December 16th, 2014. The digital and hardcopy of the original signed contract by the former employee are held internally by our finance and operation teams. If I am found to have forged the v8 contract, I face legal ramifications. I welcome Mr. Ver to hire a forensic investigator to examine the authenticity of the hard copy contract. I can promise God on my family’s name that I did not forge the contract. I wonder if Mr. Ver and my former colleague would dare make the same oath of honesty.” + +**OKCoin will reward $20,000 USD to anyone with authentication skills confirming that the digital and hardcopy of v8 are genuine and signed from December of 2014 by our former employee.** + +Those with information can send findings to corporate@okcoin.com + +**4. Mr. Roger Ver going public:** +Mr. Roger Ver first enacted the threat of use of public opinion as a method of pressuring OKCoin into settling on an agreement. Mr. Ver added a reporter Mr. Jon Southurst of Coindesk into the email communications. OKCoin only released a public notice after being contacted by media for comments. It was relayed to OKCoin that Mr. Roger Ver had contacted them to release openly the private communications. We are regretful that this has become a public matter due to the tactics Mr. Ver used. + +Dropbox Exhibit B + +**5. Mr. Roger Ver’s accusations of intent to money launder:** +Mr. Roger Ver falsely accused OKCoin of intending to money launder when it is shown in multiple correspondence that a new contract and new counterpart to receive funds were required for continued management of Bitcoin.com. Mr. Ver has repeatedly shown to be quick to bully and make false allegations in his business dealings. No payment was ever made, attempted, nor intended to a counterparty other than Mr. Ver in the course of OKCoin’s management of Bitcoin.com + +Dropbox Exhibit C + + +**6. OKCoin’s bitcoin.com contained no ads:** +Everyone is free to view the Bitcoin.com that was created and used by OKCoin here in the Web Archives: [https://web.archive.org/web/20150315024642/http://www.bitcoin.com/](https://web.archive.org/web/20150315024642/http://www.bitcoin.com/) + +There are no OKCoin ads on the Bitcoin.com that we managed. OKCoin paid Mr. Ver $10,000 USD per month and developed and operated the website as agreed upon. We also tried to court interested parties to advertise on the website. Mr. Ver continually threatened to use the one month termination notice clause contained in the contract for failing to generate further revenue. These threats occurred while simultaneously asking and expecting OKCoin to continue in good faith to improve Bitcoin.com despite that overhang. Mr. Ver even suggested to redirect Bitcoin.com to OKCoin or OKLink for an exorbitant sum.. + +Mr. Ver sought to close the agreement for the full $550,000 USD dollars remaining followed by an attempt to ask for $200,000 or lower. Mr. Ver did not care for the proper management of Bitcoin.com but was rather solely focused on extracting more money from it. + +We have provided the sources of these communications. + +Dropbox Exhibit D + +**7. OKCoin is not insolvent:** +To our disappointment, this public slander by Mr. Ver included directly speculating that OKCoin is insolvent, under financial duress and may become the next Mt. Gox. These actions show a lack of respect and proper due diligence. Time will prove that OKCoin’s financial health is strong. We are currently executing on several business projects in the fintech space to improve the lives of consumers and businesses. We generate healthy revenues and have received significant venture capital investments. Our customer service is 24/7 and we welcome any user who has funds on OKCoin to test and withdraw funds. + +It should be noted that Mr. Ver prior to the Mt. Gox event reported to the public that Mt. Gox had no problems as can be seen in this video. [https://www.youtube.com/watch?v=y4SCAw264qM](https://www.youtube.com/watch?v=y4SCAw264qM) + +**8. OKCoin’s commitment to innovation:** +We would like to apologize to our customers for this distraction and for wasting your time over such a small matter. OKCoin will continue to release better and better products as a leader in financial technology and we would like to thank again our customers and supporters of our company. +I really feel like I need a more formal education on some of these theta strategies. Can anyone recommend a series or even YouTube videos? I’m trying to avoid the Tim Sykes type stuff where they hit you up fir $2,000. +I do some covered calls on a few things I have enough shares of. I don't have enough capital to do CSP at the moment. That being said I am trying to figure out what if any strategy is working with this market. My other two areas I focus on are SPACs and penny stocks but those are not doing well either. I know the market isn't like last year but just wondering how I might pivot and focus on one area. +(I'm reposting this here, since it was unapproved on r/algotrading) + +I was surprised to see my account value up $22,000 at today's close. It was all on my call spread on XLRE 11/18 calls. + +The 47 call had a last trade of 0.17, a bid of 0.00, and an ask of $4.80. Schwab took the mean of bid and ask, got $2.40 and applied it to my 100 contracts. + +The Dreaded $4.80 Ask again! + +About a dozen other near worthless puts and calls showed an apx. $4.80 ask. Obviously totally phony, but who is doing this? + +Is it some hedge find trying to screw unsuspecting traders who do a BTC without a limit? This has been going on for several months, and it screws up my programs. I've fixed my programs to avoid the problem, but apparently Schwab doesn't. + +I find it most in the Sector ETFs, and it's not Always $4.80. That's the most common, but it varies from $4.5 to $5.0. + +Does anyone here know how to access the book of bids & asks to see what's going on? Is it kind of a flag someone's using to show that there are no ask prices? + +Are other brokers as clueless as Schwab, and show and use the bogus numbers? + +Could people here take a look at XLRE 11/18/22 47C on their brokerage and see if it shows there too? It shows on the Yahoo finance page. + +The way I cleaned the data in my programs is if the bid is 0 and the ask is >= 4.0, I use the last price instead of the mean of the bid and ask for my calculations. +This is especially more applicable for newbies who completely give up on Crypto as a whole after they see the slightest of losses. Cryptocurrencies can be very emotionally draining, especially at this stage of the market when everything is down from their all-time highs. + +Honestly, even if you "only invest what you can afford to lose" it is still a bad sight to be down from your previous investment. A lot of people new to crypto sell at a loss because of this and regret it when the market ultimately recovers in the long run. Always DCA and bring down your average for the maximum benefits. History has shown that dips in Crypto are nothing but great opportunities + +TLDR: The best thing you can do currently is to not sell. The dip you see currently is nothing compared to what happened just this year alone. Selling now will only make you feel worse after the market recovers. You do NOT make a loss until you sell for a loss! +I’m working 7 days a week right now. I’m a full time worker, and I have community service every Saturday and Sunday where I am required to manual labor in the brutal heat. Yesterday my girlfriend and I did our shopping for the week. I was extremely tired from being in the hot sun all day and forgot to put away the chicken thighs. I got everything else put away, but I left out $5 worth of chicken. This morning I just broke down crying when I saw it by the door. Being poor is so hard, and these little expenses are draining me. I don’t have a message of hope. I’m just tired of everything requiring so much work and money. +I love Bitcoin and I've been deeply involved in it since 2012. It is without a doubt the best STORE OF VALUE ever devised. I fully expect it to surpass gold in that regard. So there is a lot of growth left. + +That being said, everyone here needs to psychologically prepare themselves for a 75% (or possibly even more) crash. Due to the extremely strict supply limits of this money, the bubble/bust cycle will NOT magically stop. This current bubble could take us beyond 10,000, and the crash could take us below 1,000. Get that in your head now. Let it sit in your mind for a while and absorb it at an emotional level. + +In the long run we'll all be okay and very glad we were buying so early. But in these happy times, just remember: This Too Shall Pass. +Web scraping is a super underutilized tool that is very simple to get into and extremely useful. + +I think that algotrading is one of the areas where it could be most useful, because having a system that can act on data in real time is definitely paramount in this space. + +&#x200B; + +Because this is the exact kind of thing I do for work, I decided to put something together to show you guys how it could be done for your own purposes. [This is a very simple example](https://www.youtube.com/watch?v=rONhdonaWUo&t=), but what you do with the data after you have it is really up to you. You can insert it straight down a data processing pipeline that informs your trading system or insert it directly into a trading system for updated decision making. + +As well, you could output and collect the data into csv files or into SQL dbs to later do some analysis with. The options are truly endless. + +&#x200B; + +If this ends up being something that is useful to you guys in here, then I would definitely be more than happy to create more content like this to show a few more steps of how I have built some automated trading systems for clients in the past. + +&#x200B; + +Hope you like it and find it useful :) +Basically due to working from home, I've been putting away £1.60 to replicate how much I spend on a cup of coffee at work Monday to Friday. So far I've saved £25.60 I started this on the 2nd April. + +I know it's a small saving but over a year that's £384. + +Has anyone done anything similar? +COVID might muck us up with the newest strain but so far our unemployment rate is much better than we all expected. + +[https://tradingeconomics.com/australia/unemployment-rate](https://tradingeconomics.com/australia/unemployment-rate) + +https://preview.redd.it/74whyye3dm481.jpg?width=1144&format=pjpg&auto=webp&s=35624aa28505633e035e1dc73acc9feaf9d72f74 +My wife and I are both 60, both employed, both have ok retirement plans and we expect to retire securely with an average, low risk, comfortable lifestyle probably in the next 5 years. We are currently debt free with no mortgage and no car payments. We maintain enough post tax liquid assets for probably 2 or 3 years of simple expenses. I've been very happy with that state, and honestly kind of proud of it as well. + +But I have at least 5 close friends, basically the same age as me, all now or soon to be "empty nesters", all going into 30 year $400K+ mortgage debt because "money is cheap", "debt is good!", "put your equity to work for you". In fact, I cannot name a single friend or acquaintance my age that is debt free. + +Am I wrong? What am I missing out on? +https://www.bloomberg.com/news/articles/2018-12-18/blue-apron-s-90-drop-makes-it-third-worst-u-s-ipo-this-decade?srnd=premium + +https://www.cbsnews.com/news/once-tasty-blue-apron-is-now-a-penny-stock/ + +> Blue Apron went public last year in an initial public offering priced at 10 bucks a share. Its stock has been slowly unraveling ever since -- the company has lost 90 percent of its market value since the June 2017 IPO. + +> Despite its cachet among upscale urbanites, investors cooled on Blue Apron after Amazon moved to enter the meal-kit space following its purchase of grocery chain Whole Foods. Other problems have included fulfillment center delays and revenue that has fallen short of Wall Street expectations. + +> The company, which continues to lose money, in November said it would reduce its workforce by about 4 percent in a bid to turn the corner to profitability in the new year. +Let's say you're me and you're opening self managed accounts for the first time with a plan to invest in ETFs. As the year goes on and I'm adding money, is there an advantageous order? + +Sub-question, is there any reason NOT to use one of these accounts for any reason? + +Thanks for any thoughts. I've done lots of research and just trying to cover all my bases. +With all this hype on this trend of tele-health/tele-medicine, I decided to download the CloudMD app myself and see what it’s all about. + +Generally speaking, this app seems like it has it all. Although I haven’t booked an appointment yet, it just seems very seamless and I think the app is truly well designed for what it is. It’s simple to use, it has a very customer-focused feeling to it, and it integrates very well into the other good apps that I use daily. + +Has anyone else actually booked a appointment with a doctor, and if so, what was your experience like? Will it change how you see your doctor moving forward? + +*Edit: update... so I used the app to book a doctor last week and boy was it easy. Easy to punch in all my information, book an appointment, and meet with the doctor. + +The doctor was very informative and helpful and patient. I thought it was pleasant and nice to see a change in my doctor (one who I have seen for the past 3 years). + +The prescription was sent to the address of my closest pharmacy (that I provided) and it was ready within 10 mins! Wow. I was amazed. + +I have another appointment booked again today and it’s so nice to have it work with my schedule rather go against it. Long-term user here. +Gather ‘round ladies and gentlemen, boys and girls, and let me tell you a story about credit limits, a story 20+ years in the making…. + +In the year of our lord 2000, I was a broke college student. Not your ordinary broke college student, who wished they had more money for partying and shopping, but who could rely on mom and dad for necessities. I was mom and dad- a single mom of two, working and going to school, and who, with wanton recklessness, had obliterated her credit history. + +Well, one fateful day, I walked into ye olde campus bookstore and saw a table where, for simply filling out a Bank of America credit card application, one could obtain an over-the-door basketball hoop and Nerf basketball. (I think these types of promotions were prohibited in the Great Credit Card Reform of 2009, but perhaps my memory is faulty in my waning years.) I filled out the application, fully expecting to get declined, because my son, who was 2 at the time, would dig the basketball hoop. + +Guess what friends? I was approved for some nominal amount of credit, probably $500, and some exorbitant interest rate. “What suckers” I thought. I’ll charge some stuff and then default on them like I’ve done to everyone else foolish enough to give me a chance. + +But, something had happened to me. I had matured. I wanted to set a good example for my children. I wanted the endless collection calls and letters to eventually stop. Folks, I had become “responsible”. + +Over the years, I’ve maintained a love / hate relationship with that Bank of America card. It was my rock. If I needed vehicle repairs, if the kids needed school clothes, hell sometimes just for gas to get me to payday, old reliable was there. Anytime I got close to my credit limit, the fine folks at Bank of America would raise it ever so slightly, just enough to incentivize me to keep on chargin’. I was paying over $300 a month in minimum payments at one point. + +The more I charged, the higher my credit limit would go, as long as I wasn’t missing payments. It was like Bank of America was my drug dealer. Do you want to know how high they raised my credit limit? + +$40,900!! Meaning I probably had $40,500 on that card at one point. Folks, I wasn’t even grossing $40,000 a year, but that apparently didn’t matter. + +I still have that credit card to this day, with a zero balance. I keep it in case I’m ever diagnosed with a terminal illness, in which case I’ll use it to travel around the world and default on the bills. +I bought my house 6 years ago with cash in AZ. It's way too big for just me, but I figured it would be cool to live in my bank account essentially, and maybe if the stars align raise a family here. + +Stars never aligned, but it has been the best bank account ever. My neighbor just sold his smaller house for 450k. I never even dreamed of this happening here. Just 3 years ago this thing was barely cracking 220k. + +I'm really considering just selling it and moving somewhere cheap and rural, while just drawing commissions online for money. I do it now on the side, but a few extra hours into it could fully support me with a low cost of living. + +Is this a horrible plan? I'm sure my property tax bill is going to be terrifying here soon and this thing already has ~1k in HOA a year. Moving somewhere with low property tax and no HOA would basically cut my expenses to only around 9k a year with water/power/food/insurance/everything. Art and even dividends seem like they'd cover that and then some. I hate working, so retiring early is something I'd be all for. Don't care at all about restaurants/bars/culture/city crap so living rural sounds great as long as it has internet. +Guten Tag to this global band of Apes! 👋🦍 + +Naturally, the week that I am traveling and unable to follow along closely is among the wildest weeks in recent history. +Without a doubt, the big news is that Ryan Cohen sold *ALL* of his BBBY holdings, fully exiting the positions he established in March. +He sold earlier this week, when BBBY was showing signs of a short squeeze and exploding upward. +I don't know if anyone has done the calculations, but he must have made an incredible amount of money. +Meanwhile, if the DD is correct about the SHFs using swaps to go long on BBBY, they will have lost huge amounts on the other side of his sale. +All of this spectacle is exciting to watch, but I have no doubt that many among this community lost a lot of unrealized gains in the ride. + +Many of us have come to trust Ryan Cohen as the Chairman of GameStop, based on the way that he takes active measures to develop the company's future. +His large investment in BBBY, while clearly instigated by the predatory short positions against the company, made many believe he would work to turn that company around. +He has clearly made some impact along the way, but his divestment was unexpected considering the comparatively small impact he had. +It seems that there must have been a different goal, perhaps from the start, or perhaps conceived more recently. + +There is a reason that I invest in GME. + +I believe that Ryan Cohen's actions surrounding BBBY are, in fact, what is best for GME. +When the SHFs saw that Ryan Cohen was preparing to squeeze them on another front, they took a defensive stance and went net long on BBBY. +They never closed their own short positions, but instead used swaps to 'weather the storm' they saw brewing. +Ryan's significant options play gave them a date to cover through, making this a strategy to defend against BBBY forcing margin calls that triggered the MOASS. + +When GME started breaking through their margin levels, we saw the immediate response leveled against GME, but that is also when BBBY started to climb. +As BBBY ran, the shill narrative quickly switched to encourage FOMO out of GME into BBBY. +In hindsight, this seems very much like an intentional strategy for the SHFs: get Apes out of GME and into BBBY, and take the gains from the boost to BBBY. +Ryan's sale absolutely deestroys such a strategy. +While I can dream about a scenario where he plows the gains into GME, I don't think that it is even necessary. + +Apes didn't sell GME. +The SHFs are unlikely to be able to engineer a new pump of BBBY to restore their lost margin. +I am eager to see if the after-hours drops persist into trading, because I believe they are simply chaff... +Will we get clues from the German Markets? + +Today is Friday, August 19th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$35.57 / 34,95 €** *(volume: 28349)* +- 🟥 115 minutes in: $35.80 / 35,18 € *(volume: 26106)* +- 🟩 110 minutes in: $35.91 / 35,28 € *(volume: 25654)* +- 🟩 105 minutes in: $35.88 / 35,25 € *(volume: 24464)* +- 🟥 100 minutes in: $35.85 / 35,22 € *(volume: 24383)* +- 🟩 95 minutes in: $35.92 / 35,29 € *(volume: 23965)* +- 🟥 90 minutes in: $35.91 / 35,29 € *(volume: 23553)* +- 🟩 85 minutes in: $35.95 / 35,32 € *(volume: 22494)* +- 🟥 80 minutes in: $35.89 / 35,26 € *(volume: 22349)* +- 🟩 75 minutes in: $35.95 / 35,32 € *(volume: 21812)* +- 🟥 70 minutes in: $35.90 / 35,27 € *(volume: 21489)* +- ⬜ 65 minutes in: $36.21 / 35,58 € *(volume: 20990)* +- ⬜ 60 minutes in: $36.21 / 35,58 € *(volume: 20762)* +- 🟩 55 minutes in: $36.21 / 35,58 € *(volume: 19660)* +- 🟩 50 minutes in: $36.16 / 35,53 € *(volume: 19534)* +- 🟥 45 minutes in: $36.06 / 35,42 € *(volume: 18209)* +- 🟥 40 minutes in: $36.27 / 35,64 € *(volume: 17951)* +- 🟥 35 minutes in: $36.75 / 36,11 € *(volume: 17289)* +- 🟩 30 minutes in: $36.90 / 36,26 € *(volume: 16280)* +- 🟩 25 minutes in: $36.10 / 35,46 € *(volume: 15328)* +- 🟩 20 minutes in: $35.56 / 34,94 € *(volume: 14019)* +- 🟥 15 minutes in: $34.85 / 34,24 € *(volume: 11960)* +- 🟩 10 minutes in: $35.47 / 34,85 € *(volume: 8898)* +- 🟩 5 minutes in: $35.24 / 34,62 € *(volume: 7179)* +- 🟥 0 minutes in: $35.09 / 34,48 € *(volume: 4507)* +- 🟥 US close price: $37.93 / 37,27 € *($35.10 / 34,49 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0178. 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! +Married couple (47M, 52F) with two kids (10, 15), living in a HCOL area in the greater LA area. Earning \~300-350K/year combined with some years being roughly half that as wife took time off to care for kids, etc. Current NW \~7.5M (not including primary residence), distributed as follows; $5M in 401Ks, $0.8M Rental property equity, 0.7M in Crypto, $1M in After-Tax accounts. (Rental property currently generates \~$1K/month in positive cashflow.) + +Our living expenses are approx. $165K/year. We typically take one nice vacation (hawaii or europe) a year + 2-4 shorter getaways, eating out several days a week, we have most of material things we want/need, new cars (that we keep 6-10 years). I'd say its a comfortable lifestyle but obviously nothing too extravagant. That said, both me and my wife would love to "upgrade" our lifestyle at some point, to around the $225-$275K spend/year level (probably considered "skinny" fat for many folks in this sub). At this point of our life, time and experiences are worth way more to us than material luxury (fancy house, cars, boats, jewelry, etc). + +I have run through most of the popular FIRE calculators and they all pretty much say we've got enough if we both live until 99 years old and do not include SS. Even withdrawing $300K/year would put us right at a 4% SWR. At maintaining our current standard of living at $185K/year ($165K + 20K$ in added health insurance costs), all the calculators pretty much say it's a guaranteed success that money will not run out. + +First, do we have enough assets to afford withdrawing $250K/year? Also need to pay for the kids through college (estimating it will cost up to $500K, having \~$100K saved in 529 accounts). + +Second, I'm looking for some advice from the folks who have already transitioned to fatFIRE in how you structure your withdrawals and asset types. Given that majority of our assets are tied up in 401Ks that we cannot touch for another 7 years, how would you structure the remaining assets of taxable investment accounts, crypto and rental property? (All three assets have significant long-term capital gains that obviously will be taxed if liquidated). Hardly seems worth it to do the 72(t) distribution to gain 2 years earlier access to 401K funds, but perhaps there are other benefits? + +I'm also considering a fee-only (fixed fee/pay by the hour) CFP that could help validate this and also help with things like creating a living trust, wills, estate planning, etc. Any recommendations are welcome! +It's a telemarketing position at a home improvement company. I've done a similar job for a few years. What's the best way to ask for the higher pay rate without sounding...rude. +I bought a train ticket to go back to uni and I got an email and message saying im in unarranged overdraft. I never heard of this before and I’m aware I probably sound quite silly. + +Is this bad? What will happen now that I’m in unarranged overdraft? Will my account shut down? Will they charge me interest? Can money still be spent? + +I thought once I reach the arranged overdraft minute, my card would just decline? + + +I won’t be able to add more money until I’m back at uni (I have a part time job waiting for me as I applied whilst at home). + +I was going to get some groceries for my dad and sister but I don’t know if I can still spend :/ +First off, I never discuss my holdings with anyone I run into. Well today I was at a wedding with my wife and we were talking to another couple. The gentleman explains how he is super in the red in his crypto holdings while I smile and nod. My wife mentioned to him that I had some of our favorite stock. He immediately says "Oh youre gonna sell right?". I said no and tried to blow it off and he continues with "You agree its gonna go to zero right?" + +I replied that I disagreed but thanks. He persisted with a smirk and "Yeah but you agree its gonna go to zero when the joke is over? Like the business isnt going to last". I gave the same simple response and we were able to mingle our way to some other friends nearby when his wife pulled him away for pictures. + +I always strive to think critically about things and I strongly believe in this company's future, so to say that it will "go to zero" sounds utterly insane and misinformed....especially by an outsider with no skin in the game. + +This interaction showed me further how misinformed the mass public is on this issue, and how much effort the media and institutions are fighting back. This is big. + +Edit: Yes this about gme +I was working a part time job at a really fun place and had a good relationship with my team. I’m not going to name the names of these places just for privacy and that. I needed to get more of a career job and always wanted to work in finance. I landed a position for a fairly well known but up and coming company and sounded promising. It’s work from home and 9-6 mon to fri. + +At first I didn’t know what to think of it, but I’ve been here for over a month now and I just dread going to work, I can’t stand it, it’s not what I thought it would be. I call customers to book appointments with a specialist in the field required to help their financial position. But I can’t help but feel like I’m just a telemarketer. + +The theory work is fine, don’t mind it at all, the team is a good bunch of people too. But the calling and you never know the reaction you’re going to get is taxing. And the fact I’ve never even met a coworker cause it’s from home feels like I have no friends now. Unfortunately the role just doesn’t feel right for me. + +Has anyone had similar experience where it got better? Should I stick it out and stay in the finance world or should I look to venture to another job? +When comparing Deltas on ATM, I noticed that they really don’t fluctuate much when comparing a 0dte to a 60dte option with the same SP. I know that a long play comes at a higher premium, but why do people play 0dte when they can instead give themselves 60+dte to recover if the play goes the wrong way on them? Is it just to keep the premium as low as possible? + +I would rather spread my money over 18 contracts with a 60dte than dump it all on 0dte but get 21 contracts out of the same money. The peace of mind that I have time is worth more than those 3 extra contracts. +32 single with about $500k net worth (mostly in stock index funds). I just received a 20% raise from my company (making up for last year with no raise). With my salary before the raise I was able to max out retirement accounts, pay monthly expenses, go on trips, add to taxable, and keep an emergency fund. I am thinking if I don’t take the raise I will keep the same benefits and live the same lifestyle, but only work 4 days a week. I was wondering if others have done a reduce work schedule and how did they like? I like the idea that I am only taking a 20% pay cut, but I am getting 3/7 days to myself. + + +Edit - one thing to add is that this new raise will really only be about 14% raise of my salary after taxes. I know I still will owe taxes on my salary, but as mentioned I have been living fine with it. + +Edit 2 - To clarify I will take this raise and I get a full bonus (worth 10% of my old salary). My plan would be to ask for 80% schedule soon. I have about a month worth of vacations saved up that I would like to use when I am at a full salary and full time. I will still be able to accrue vacation when I am 80%, but not as fast. I also don’t think I will need to take as much vacation if I am getting 3 days off a week. +I have about $650k after taxes on hand after a recent business transaction that I need to keep liquid for various legal and business reasons. Since I can't invest this money directly in stocks (I may need to recall the entire amount with 3-5 days notice), I need to find the best place to keep it that will at least match inflation and at best get me a decent return. So far, the best I've found are Marcus or Wealthfront's 2% or 2.35% cash accounts, but I'm wondering if there are any other short-term bond funds or some other structure that could allow me to earn a bit more over the next year. Has anyone here had to park a large amount of cash for a year or more? + **TL;DR** u/MustbetheEvilTwin sent several concurrent **FOP** Transfers from a Swedish broker (**AVANZA**) to **IBKR**. Somewhere along the line **IBKR** received more than Was sent. MbtET was then able to **DRS** his shares plus the new extra ones to **CS** + +Point to consider What is interesting to me is not what was gained ( MbtET will be fixing that) it’s that it was even possible to create shares from nowhere. Anyone doubting the DD this proves that the whole system is based on handshakes and promises and not actual shares. + +It should be impossible to **DRS** shares to **CS** when He did not buy them. But due to ***t+*** loopholes it possible to game the system. + +He did this by accident and I’m a smooth brained ape - imagine what a shf fuk could do with training, and millions in backing. + +The how + +MbtET has been on a long and at times difficult journey to **DRS** shares to **CS**. After struggling with **AVANZA** to **drs** directly He eventually set up an IBKR account and FOP to it. This resulted in several FOP transfers being initiated at the same time, for a verity of different reasons. Everything was fine for the first 1-2 but then the third and fourth (for 14 and 23 shares respectively) went well, but then odd things started to happen. + +Upon was checking his account 2 days later It seemed he had more shares in the account than expected. + +Now you might wonder why He did not notice straight away . Well this was in Aug - where We europapes were on a mission to DRS and so He started to diversify brokers to try several different ones ( Again in Europe so it’s not straightforward and this was before all the how to **DD** was done or list of brokers that facilitated it). + +This led to MbtET spreading resources and buying in different brokers and at different prices … We keep a spreadsheet of holdings. But it’s still needs updating manually. + +Any way MbtET has more money than sense (smooth brained ape) and ended up with 37 more in IBKR than expected. But He checked with them and they reassured him everything was fine. And then when He checked **AVANZA** He saw that He had transferred 37 shares in total as expected (I.e the 14 &23) and He assumed this to be correct. + +1 week later MbtET then DRS shares in all stocks from **IBKR** to **CS**. + +The total is xxx now but this does include 37 more than I paid for, as he had FOP 14 & 23 but also one for 37 (good red wine may have been consumed) + +These shares where created out of thin air in a technical mix up from **AVANZA** /**IBKR**. But now they are held in his name in **CS**. + +Fixing the problem **IBKR** have asked MbtET to check the account as they think that is something amiss ! Lol . Which is how I found this out. They have made threats of closing positions to fix the problem ( good luck with that as my account is now empty as everything is in **CS** IKBR are only transitory for us euroapes) . MbtET will be speaking to them on Monday and will probably have to pay for the 37 phantom ( luckily He has cash for this as was planning on buying more to drs ). MbtET does not want to be margin called by them . So will get this sorted as soon as I can. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +### UNITED STATES + +* **Futures** can't seem to make up their mind, indicating a mixed opening    +* Core **inflation figures** came in line with expectations, clearing the way for another rate hike this month  +* The % of **small business** planning to **increase prices** in the next three months rose to its highest level in a decade  + + * **Retail wages** have surged this year along with freight **shipping costs**  +* **Apple** will build a $1bn dollar facility in Austin, TX creating an initial 5,000 jobs which could grow to a possible 15,000 + * They have created 6,000 jobs this year and will continue to pursue their goal of creating 20,000 jobs by 2023  + +### OTHER + +* **Theresa May** survived a vote of confidence against her with 200 votes for her and 117 votes against her + * She has promised not to lead her party in the next election  +* Demand for **OPEC Crude Oil** is anticipated to fall next quarter  +* **Lowes** is planning a $10bn share buyback program  +* Short sellers have started to go after high-yield (aka junk) ETFs + * A surge in volatility could result in some painful margin calls  + +### CHINA + +* China has apprehended two Canadian men for "harming state security" in the days following the arrest of a Huawei executive  +* Demand for **oil** is slowing  +* China plans to alter its **Made in China 2025** plans to increase access to foreign companies  +It just hit me that most of my problems are related to money. I live in a low income neighbourhood. I make around $25k per year and have independents so money is a constant worry. If I make even $60k per year, our quality of life would dramatically change. Sometimes, I understand why people do crazy stuff to make money because lack of it is brutal. + +Edit: When you can’t provide for your family properly, your self-esteem takes a nose dive too. Every time my children ask for something basic and I tell them I don’t have money, I feel inadequate, a great sense of guilt and shame. +On Feb 24th, 11:56:57 am, there was a block trade for the purchase of 79,000 $290 Puts and the sale of 79,000 $278 Puts. This was basically a long bear diagonal spread, the short leg puts expire earlier. A net debit of $70 mil was spent. Image below. + +[What in gods name?!](https://preview.redd.it/1tz0ethdcsj61.png?width=1709&format=png&auto=webp&s=f7458fc7b181c2203ac77af59ffce5557c022e91) + +[Imgur Version](https://imgur.com/gZtEnyN) + +Edit: Software is [Tradytics](https://tradytics.com/) +I’m really interested in purchasing a new construction single family home (4x2) in an area of North Texas that has a lot of upcoming development and will hopefully appreciate over time, then renting it out to tenants for the next 7-10 years. It’s 35 min from Downton Dallas and although the town itself is rural, it’s sandwiched between two larger more established towns with shopping, dining, etc. and it is growing itself as well. I feel really great about the area, nearby employers, amenities, etc. + +However, the market rent right now won’t cover the entire monthly cost (because I’m only putting 10% down), so I’ll be around $200 short per month while it’s rented. This can fit comfortably in my personal budget. + +My primary goal is to build equity rather than gaining a rental income. I think eventually I can break even and maybe make a small profit by increasing rent over time. + +The school district is excellent and there are more than 10k new homes being build in this area in the next few years, and the construction is in phase 9 of 12. I personally like the area and would actually consider moving into the property one day if I decided to start a family (I am still young at 23 years old). + +Additionally, I plan to go into this investment 50/50 with my mom, who makes double my income and we would split major repairs, maintenance, expenses, etc. + +Is it worth the risk and potential reward of appreciation? +Secretly lending customer funds, market-making against their own customers, Byzantine webs of counterparty relationships, launching their own tokens and giving it to insiders, etc. + +None of that shit can be researched, and these are what cause the biggest movements in crypto. "DYOR" only works when the market is at least *somewhat* transparent. Free markets can only work when everyone is (more or less) on the same playing field. THAT is why publicly traded companies have to put out regular earnings reports that are accessible to everyone, and why financial institutions undergo third party audits. + +THESE are the regulations that the SEC and other government entities want to enforce. It's not a conspiracy to kill crypto. Frankly, they don't actually give that much of a shit about crypto because crypto as a whole is literally worth only 1/3 of Apple right now. The only reason they care about it at all is because crypto gets a lot of headlines, and these people's jobs depend on public opinion, which is very much anti-crypto at the moment. + +The crypto community needs to get their collective heads out of their asses and get real about what crypto needs. +I know we all love HSAs in this community, and thanks to COVID-19, they're about to get just a little bit better. + +Back in 2010 when the ACA was passed, a few restrictions were placed on HSAs to help balance the revenue projections of that law. One of them included a prohibition on over-the-counter medications without a prescription, which makes it a little harder to withdraw money from an HSA without penalty. + +Well, thanks to a very minor technical change that's easy to miss on page 364 of the [COVID-19 stimulus bill,](https://files.taxfoundation.org/20200325223111/FINAL-FINAL-CARES-ACT.pdf) that's about to change. See below: + +* " SEC. 3702. INCLUSION OF CERTAIN OVER-THE-COUNTER MEDICAL PRODUCTS AS QUALIFIED MEDICAL EXPENSES. (a) HSAS.—Section 223(d)(2) of the Internal Revenue Code of 1986 is amended— (1) by striking the last sentence of subparagraph (A) and inserting the following: ‘‘For purposes of this subparagraph, amounts paid for menstrual care products shall be treated as paid for medical care.’’; and..."" + +Now, you probably think that's just about menstrual care products, which is nice but a minor detail. But it's not. Check out that part about striking the last sentence of [subparagraph (A) of Section 223(d)(2)](https://www.law.cornell.edu/uscode/text/26/223): + +* " The term “[qualified medical expenses](https://www.law.cornell.edu/definitions/uscode.php?width=840&height=800&iframe=true&def_id=26-USC-1337390798-1544200607&term_occur=999&term_src=title:26:subtitle:A:chapter:1:subchapter:B:part:VII:section:223)” means, with respect to an[ account beneficiary,](https://www.law.cornell.edu/definitions/uscode.php?width=840&height=800&iframe=true&def_id=26-USC-127757966-1544200606&term_occur=999&term_src=title:26:subtitle:A:chapter:1:subchapter:B:part:VII:section:223) amounts paid by such beneficiary for medical care (as defined in [section 213(d)](https://www.law.cornell.edu/uscode/text/26/213#d)) for such individual, the spouse of such individual, and any dependent (as defined in section 152, determined without regard to subsections (b)(1), (b)(2), and (d)(1)(B) thereof) of such individual, but only to the extent such amounts are not compensated for by insurance or otherwise. ~~Such term shall include an amount paid for medicine or a drug only if such medicine or drug is a prescribed drug (determined without regard to whether such drug is available without a prescription) or is insulin.~~ *For purposes of this subparagraph, amounts paid for menstrual care products shall be treated as paid for medical care.*" + +Ta-da. HSAs can suddenly be used for medical care without a prescription. +Dave Kleiman’s estate just filed a claim against Craig Wright. The lawsuit was filed by Boies Schiller Flexner lawyers Devin "Velvel" Freedman (https://www.bsfllp.com/lawyers/velvel-devin-freedman.html) and Kyle Roche (https://www.bsfllp.com/lawyers/kyle-roche.html). It claims that shortly after Dave' death, Craig employed an elaborate scheme to steal between 550K and 1.1M bitcoins and other intellectual property owned by W&K Info Defense Research LLC - a Florida company Dave owned. + +The complaint publishes documents evidencing a long history between Craig and Dave, including documents demonstrating their early involvement in Bitcoin mining. Interestingly, while the complaint discusses Craig’s claim to be Satoshi, it seems to really focus on evidence Craig and Dave mined bitcoin – as Satoshi’s identity is irrelevant to whether Craig stole from Dave. + +Craig’s twitter silence is deafening... + +Complaint: https://www.scribd.com/document/372445546/Bitcoin-Lawsuit +Exhibit 1: http://www.lrb.co.uk/v38/n13/andrew-ohagan/the-satoshi-affair +Exhibit 2: https://www.scribd.com/document/372445131/Exhibit-2 +Exhibit 3: https://www.scribd.com/document/372445130/Exhibit-3 +Exhibit 4: https://www.scribd.com/document/372445139/Exhibit-4 +Exhibit 5: https://www.scribd.com/document/372445132/Exhibit-5 +Exhibit 6: https://www.scribd.com/document/372445133/Exhibit-6 +Exhibit 7: https://www.scribd.com/document/372445134/Exhibit-7 +Exhibit 7A: https://www.scribd.com/document/372445135/Exhibit-7A +Exhibit 8: https://www.scribd.com/document/372445137/Exhibit-8 +Exhibit 9: https://www.scribd.com/document/372445138/Exhibit-9 +Exhibit 10: https://www.scribd.com/document/372445144/Exhibit-10 +Exhibit 11: https://www.scribd.com/document/372445141/Exhibit-11 +Exhibit 12: https://www.scribd.com/document/372445140/Exhibit-12 +Exhibit 13: https://www.scribd.com/document/372445151/Exhibit-13 +Exhibit 14: https://www.scribd.com/document/372445147/Exhibit-14 +Exhibit 15: https://www.scribd.com/document/372445142/Exhibit-15 +Exhibit 16: https://www.scribd.com/document/372445145/Exhibit-16 +Exhibit 17: https://www.scribd.com/document/372445146/Exhibit-17 +Exhibit 18: https://www.scribd.com/document/372445149/Exhibit-18 +Exhibit 19: https://www.scribd.com/document/372445148/Exhibit-19 +Exhibit 20: https://www.scribd.com/document/372445150/Exhibit-20 +I noticed my home on Zillow shows sold two years ago for nearly 2x my actual purchase price, I purchased my home 12 years ago. Yes, I checked the assessor's office, my name is still on the deed. Anyone else find a similar circumstance for their home on Zillow solds? Particularly, those of you in NH and AZ, possibly other states as well, would be an interesting sanity check. + +I did some research over my winter break. Found between my county and neighboring county over 50 Zillow sold listings that did not match the county assessor's records: transfer date/sales history. All these particular instances are shown by Zillow to have a more recent sale date and higher sale price than the parcel deed. In my opinion seems to be a deliberate scheme to present to the public an illusion of market activity/demand and set a base price for local market. I contacted my state's consumer protection office. + + Zillow is no longer a disinterested party aggregating data. Zillow joined the National Association of REALTORS in 2021, Zillow has employees on NAR’s Broker Engagement Committee, Leading Edge Committee, Business Issues Committee, Land Use Property Rights and Environment Committee, Fair Housing Policy Committee. Approximately 70% of real estate agents are REALTORS- members of the NAR, Zillow is a stakeholder in nearly every single residential real estate transaction in the USA. + +To clarify concerning my home, I have never refinanced, my mortgage never changed hands. My research focused entirely on ZILLOW SOLD data not Zestimate data. The Zillow Price History section states where the data is sourced, for my home ‘Public Record’ was the source. There is only one public record authority, the deed to the parcel shows the property transfer date and the Declaration of Consideration or Value section of the deed shows the price paid. It is that simple. An online search of your county assessors tax maps can quite often show the recent sales history, if not, a trip to the assessor’s office to look at the parcel deed will confirm the sales date and price. I went to the court house/assessor’s office to confirm the suspected parcel(s) sale price and date during my research. It took considerable time and effort to gather my data. +If you joined Tesco Mobile on or after 16 June 2022, you will be charged for EU roaming from 1 January 2023 at 10p / MB for data and 55p / minute for calls. + +If you joined before this date, as long as you don't upgrade your contract, free EU roaming will remain. However, not upgrading your contract isn't cost effective at all - you're better off switching networks for a better deal. + +There's no official announcement by Tesco Mobile. It appears they've just sneakily edited their website: + +[https://www.comparedial.com/news/tesco-mobile-to-introduce-eu-roaming-charges-from-1-january-2023-333](https://www.comparedial.com/news/tesco-mobile-to-introduce-eu-roaming-charges-from-1-january-2023-333) +Most of my calls are Feb, April, or LEAPS. I’m long and also hold a high number of shares but plan to hold those through earnings. Looking at Dec 10 or 17 $180 puts. +Total noob to investing and have been trying to find more information on how to better evaluate the companies I'm looking to invest in. I've been watching Richard over at the Plain Bagel (local Ottawa guy like me and he's a really nice dude! Met him a couple of times) and he's mentioned a couple of things to consider when looking to invest in a company. Here were the 5 I picked out from his videos: + +1. Company History +2. Debt +3. Balance Sheet +4. Profitable? +5. Trends in the market + +Is there anything else you all consider before investing in a company? Anything you think other noob investors should add to their checklist? +Guten Tag to this global band of Apes! 👋🦍 + +Today is the final day of another week in the GME Saga, in which we've seen a sustained effort by the institutional shorts to drive the price downward and push back against Apes DRSing their IRA shares via Ally / APEX. It is clear that DRS is having an impact, and much like how they turned off the 'Buy' button last year, this time they're doing their best to turn off the 'DRS Button', even clawing back many of the times it was already pressed... + +Whether or not Ally and APEX are being truthful in their explanation, it is obvious that they cannot be trusted to stand with Apes when their masters are bleeding and asking for help. This is *not* the first time they've done this kind of thing. For anyone who has not already transferred to a more trustworthy broker, now might be a great time to begin the process. As soon as your IRA shares are returned, whisk them off to safety away from any APEX clearing broker. + +For many Apes, this has been a rough few weeks. Do not despair - we are witnessing a portion of the final FUD campaign before an enormous number of FTD shares must be delivered, an incredible number of Put contracts expire, and the anniversary of The Sneeze. The Shorts continue to attack, but we already know the best defense: Diamantenhände. We buy the dip. We HODL our shares. We DRS. They cannot maintain their attack forever as long as we HODL the float that they've shorted several times over. There will come a day when they are forced to begin closing their short positions, and all of this FUD will evaporate instantly. + +Today is Friday, January 21st, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$104.55 / 92,21 €** *(volume: 4196)* +- 🟩 115 minutes in: $104.20 / 91,90 € *(volume: 3884)* +- 🟥 110 minutes in: $104.09 / 91,81 € *(volume: 3867)* +- 🟥 105 minutes in: $104.13 / 91,84 € *(volume: 3857)* +- 🟩 100 minutes in: $104.29 / 91,98 € *(volume: 3192)* +- 🟥 95 minutes in: $104.08 / 91,80 € *(volume: 2989)* +- ⬜ 90 minutes in: $104.13 / 91,84 € *(volume: 2899)* +- 🟩 85 minutes in: $104.13 / 91,84 € *(volume: 2725)* +- 🟥 80 minutes in: $103.96 / 91,69 € *(volume: 2608)* +- 🟩 75 minutes in: $104.68 / 92,33 € *(volume: 2237)* +- ⬜ 70 minutes in: $103.97 / 91,70 € *(volume: 1969)* +- ⬜ 65 minutes in: $103.97 / 91,70 € *(volume: 1693)* +- ⬜ 60 minutes in: $103.97 / 91,70 € *(volume: 1651)* +- 🟩 55 minutes in: $103.97 / 91,70 € *(volume: 1598)* +- 🟩 50 minutes in: $103.95 / 91,69 € *(volume: 1517)* +- ⬜ 45 minutes in: $103.84 / 91,59 € *(volume: 1498)* +- 🟩 40 minutes in: $103.84 / 91,59 € *(volume: 1463)* +- 🟥 35 minutes in: $103.79 / 91,54 € *(volume: 1421)* +- 🟩 30 minutes in: $104.14 / 91,85 € *(volume: 1394)* +- 🟩 25 minutes in: $103.74 / 91,50 € *(volume: 1025)* +- 🟥 20 minutes in: $103.23 / 91,05 € *(volume: 1017)* +- 🟩 15 minutes in: $103.57 / 91,35 € *(volume: 982)* +- 🟩 10 minutes in: $102.79 / 90,66 € *(volume: 861)* +- ⬜ 5 minutes in: $102.47 / 90,38 € *(volume: 258)* +- 🟥 0 minutes in: $102.47 / 90,38 € *(volume: 234)* +- 🟥 US close price: $102.67 / 90,55 € *($101.42 / 89,45 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1338. 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! +Do not ever cosign a loan for someone else! That includes family and friends. If they do not qualify for a loan, there are reasons why. Let them either work at getting a larger down payment or improve their credit history. + +Do not put yourself in a situation where the actions of someone else can influence your outcome. There is hundred of things that can happen that will not allow them to pay and you will be left with the burden. + + +I cosign a car note for someone and they wrecked the car, insurance didn't cover it and they decided to stop paying because (insert bullshit reason she gave me) and split. I was left to pay the remainder. I will take her to small claims court but dought I will ever get anything. + +So kids, don't do it! Not even once! (Or maybe do it) + +*EDIT: I was a bit extremists, there are occasion that you can, mostly family and partners if you can really really really really trust them and you have the capability to take a financial hit. + +But in vast majority of cases it is not a good idea. +&#x200B; + +https://preview.redd.it/avi0e7rw7rg61.png?width=1640&format=png&auto=webp&s=c282ef0313e88524548ac6034f5d6c8096730ed9 + +# - What is Sugarmade? ($SGMD) + +Share price : **0.0086** \- Under a penny + +Market Cap : **26.69M** + +Outstanding shares : **3.1B** + +Volume : **524,620,095** \- Up 10x + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Sugarmade, inc** is involved in two main business areas: + +* The supply of consumable products to the quick-service restaurant sub-sector of the restaurant industry, and as an importer of non-medical personal protection equipment to business and consumers (Watch the edit for more information about this) +* As an investor in the **Budcars** licensed cannabis delivery service brand and as an equity owner in Budcars’ first operating location in Sacramento, California. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Budcars (the reason it's a promising company)** + +* During early 2020, the Company gained a 40% stake in the Budcars brand and in the Sacramento delivery operations by acquiring a 40% stake in Indigo Dye Group (“Indigo”). Under the terms of the agreement with Indigo, Sugarmade acquired an option to purchase an additional 30% interest in Budcars, upon which will provide the Company with a controlling interest. +* MONROVIA, Calif., Nov. 05, 2020 — via InvestorWire – Sugarmade, Inc. (OTCQB:SGMD) today announced that in anticipation of the planned expansion of the BudCars cannabis delivery service into **new territories**, Sugarmade has undertaken an analysis of the efficacy of marketing spending relative to market size and population for the existing BudCars regional delivery footprint. Sugarmade believes this may provide some insight into performance benchmarks and expectations related to the anticipated expansion into the **North San Francisco Bay Area and the Wine Country counties, followed by Los Angeles**. +* BudCars’ current territory serves an area comprised of a total population of 2.6 million residents in Northern California, with 16,252 customers (representing 0.6% of the total population) using BudCars to date in 2020, spending a total of $3.4 million on BudCars’ cannabis deliveries this year, with an average per-customer spend of $213 and an average order size of $129 across over 29,000 separate orders. BudCars has invested more heavily in marketing to residents of Sacramento, where 1.29% of residents have been active as BudCars customers this year, accounting for over half of total BudCars sales. +* BudCars’ expected expansion over the next two months is anticipated to open up a regional footprint that may include as many as 20 million new residents with access to BudCars’ cannabis delivery service. + +Key points : + +* Sugarmade has a **40% stake** in Budcars +* Budcars generated **$2mil** in gross receipts, and more than **60% growth** in net sales for the 3 months period ending in september 30, 2020 +* Budcars is currently avaible in Sacramento but plans on expanding into the **North San Francisco Bay Area and the Wine Country counties and Los Angeles**. +* This expansion would lead to a market **9x** bigger than Sacramento +* Great line of products : edibles, flower, pre-rolls, vapes, tinctures and concentrate from dozens of brands(All delivered right to your door) + +Budcars reviews : + +&#x200B; + +[Weedmaps profile](https://preview.redd.it/le5hgyth2rg61.png?width=750&format=png&auto=webp&s=0cf1f21ecde3c18a4cfa21f266263b9d9cc98a96) + +Budcars website : + +&#x200B; + +[Homepage](https://preview.redd.it/my0xay5e2rg61.png?width=1869&format=png&auto=webp&s=491236146f8aabb17ed77aee16a1b4797d6efe03) + +https://preview.redd.it/bve20o1d2rg61.png?width=1839&format=png&auto=webp&s=ec260b8097a62b3d9f4176b9c18c767270acbc15 + +Their website looks clean and actually works really well. Unlike most of the companies posted here + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Why is it getting attention now? (Catalyst)** + +During the initial purchase, Jimmy Chan Sugarmade CEO said : + +>*“Sugarmade is in talks with multiple other licensed cannabis processors, delivery services and retailers for similar business combinations, as part of our corporate growth initiative. We plan to take advantage of the many changes in the California marketplace, with Budcars being the first of what we expect to be many other growth-oriented corporate actions”* + +On **February 4**, 2021 he tweeted this : + +https://preview.redd.it/0kgain1g2rg61.png?width=583&format=png&auto=webp&s=ad858010b4551b41ec4cd95ebcdd8af4dcb5f6ea + +Looks like Sugarmade is almost ready to expand their business outside of Sacramento directly to Los Angeles. This would be a catalyst that could lead to a **huge increase (10x or more)** in the stock price. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Links** : + +Budcars : [https://budcars.com/](https://budcars.com/) + +Sugarmade (news for shareholders) : [https://sugarmade.com/](https://sugarmade.com/) + +Weedmaps profile : [https://weedmaps.com/deliveries/budcars](https://weedmaps.com/deliveries/budcars) + +Carryoutsupplies : [https://www.carryoutsupplies.com/pages/about-us-1](https://www.carryoutsupplies.com/pages/about-us-1) + +Recent SEC 8k filing : [https://sec.report/Document/0001520138-21-000052/](https://sec.report/Document/0001520138-21-000052/) + +&#x200B; + +&#x200B; + +Credit to [u/chrissome1](https://www.reddit.com/user/chrissome1/) for bringing this to my attention + +**Position :** + +\- 500k @ 0.0045 + +Sold @ $0.018 following the release of the offering circular. Might buy again once the dilution stops. + +**Disclaimer:** + +\- This is not financial advice, do your own DD + +&#x200B; + +Edit : + +\- So some people have been talking about the slow delivery time on yelp review/weedmaps, this is worth looking into before investing. Hopefully they are woking on it + +# Important : Sugarmade enters into lease agreement with LMK Capital + +Somebody brought this to my attention + +* Sugarmade entered into a lease agreement with LMK Capital for 5 acres of cropland in Northern California that is zoned for **cannabis cultivation.** +* Sugarmade intends to establish and operate a licensed cannabis production business capable of producing as much as **3.6M grams of high-quality cannabis flower per year** +* [https://seekingalpha.com/news/3618385-sugarmade-enters-lease-agreement-lmk-capital](https://seekingalpha.com/news/3618385-sugarmade-enters-lease-agreement-lmk-capital) + +\- **Recent SEC 8k filed recently ajusted prefered shares** + +[https://sec.report/Document/0001520138-21-000052/](https://sec.report/Document/0001520138-21-000052/) + +**CarryOutSupplies** **(Another business they are involved with)** + +>the leader in paper and plastic take out supplies, is all about having the assurance of quality products, low prices and reliable customer service. Our company started serving the local marketplace in 2004 and expanded our operations in 2007 to serve nationwide demands. We have continued our growth each and every year by maintaining and increasing a loyal clientele. Businesses trust and rely on CarryOutSupplies.com because we offer a wide array of high quality products ranging from custom plastic cold cups to logo-printed food containers. These companies continue to do business with us because we always deliver custom-made products on time and as promised. + +[https://www.carryoutsupplies.com/pages/about-us-1](https://www.carryoutsupplies.com/pages/about-us-1) +Hello, hope all is well. + +In 2018 I graduated from college. Throughout my time in school, the money for my tuition was being pulled by my mom from a trust that as far as I know has been around since before I was born (to be used for my education I believe). By the end of my schooling I believe the fund was either entirely or almost depleted. I just received a letter from the IRS regarding my 2018 tax returns that shows $26000 in unreported income from 2018, and all of the unreported income is coming from Vanguard funds, which lines up roughly with the dates of tuition payments. I called my mom and asked her if the trust would be labeled as a Vanguard fund and she said yes. + +I was surprised to see this attached to my social security number as it's an account I've never touched or seen, and my mother was the one who pulled funds from it (I guess in the form of selling securities). In addition I'm trying to see if those funds being used for higher education carries with it any sort of write off that would lessen the blow here. I wouldn't be surprised if the account was tied to my name in some way and my mom maybe wasn't aware, but regardless I need to find a way to deal with this because the money owed is money that I do not have in any way shape or form at the moment. Happy to provide any information that could help in figuring out what the best thing to do here is. I am freaking out a little bit at the moment so if you also just want to say "everything is going to be fine" even if you're lying that would be awesome too. Thanks! + +Edit: ok this blew up thanks for all the help everyone, I really appreciate it. I'm going to show this thread to my mom and go through it with her tomorrow so we can figure out exactly what's going on here and work through it with Vanguard and our CPA. +Download their game on the [NFT Marketplace](https://nft.gamestop.com) it’s a lot of fun and I love that I’ll be able to earn money playing my favorite games in the future. +The money was raised on GoFundMe which declined to take their cut, but payment processors like Visa and Paypal took a 2.9% cut from the entire fundraising effort. This is exactly why we need crypto and why crypto exists. That almost $500k worth of fund could have gone to the victims rather than the payments processors. + +&#x200B; + +Crypto is the future. +My mom is 70 and lives in NC. She never had access to the bank account and she never learned how to pay bills. My dad made her quit her job 52 years ago when they got married, so she doesn’t have any retirement money of her own. Just before he passed, she was able to get some usernames and passwords to various things like the bank account, an email, the phone and internet services, etc. However, he had dementia, so all of the information is pretty scrambled and some passwords are incorrect. + +She is completely lost, so I am flying out tomorrow to try and help her sort things out. Currently, it’s my understanding that she has basically no money. He didn’t have life insurance, and the balance in the bank is low (I’m not sure exactly *how* low, but I’m pretty sure they were barely scraping by off his social security). She is just finding out about open credit accounts with debt. I’ve been told she does not have enough money coming in monthly to pay the mortgage. I will be getting all of the financial information when I get there (incoming/available funds vs expenses), so I will be able to more accurately describe the situation tomorrow or Monday. + +Since this is time sensitive and I can only get a week off work to help her, I am looking for any advice in advance regarding where to start so I can go at this in a focused, organized, and efficient manner. I have never dealt with this before and have a million questions. How can I find out where he may have any extra money stashed? Can I find out if he owned any stock? If he had a will and it states she is to inherit his belongings, how do I go about getting everything in her name and how long does it generally take? Is she now responsible for his credit card debt? Is there any government help she can get in this situation and if there is, who can I call to get that process started? + +EDIT1: I’ve obtained some information on the house and his debt. The house is owned jointly. It is my understanding that ~~50% of the house then goes to his estate, and the other 50% is my mom’s.~~ He had taken out a 2nd mortgage on the house. He owes 88k on the first, and 35k on the 2nd. I estimate the house to be worth about 200k. If the house is sold ~~and 100k of that is my mom’s and the other 100k is dad’s estate, then all 100k from his estate would go toward the 123k owed and she would be responsible for the 23k left on the mortgage? Then the 77k she has left after that is hers? Or, would they require her to pay 50% of the 123k owed on the mortgages since it is joint debt (61k) leaving her with 39k and 39k left in dad’s estate to pay off his other debts?~~ then she would be able to pay off the 123k debt and end up with around 70k (but also now need to find new living arrangements) + +Also, it’s my understanding that debt in his name only (like a credit account without her name on it) is not her responsibility and the creditors can take the money out of his estate before it is distributed to his kin. If there is nothing left to his estate, then the creditors are shit out of luck, and she is only responsible for paying any joint debt? + + +EDIT2: I’m heading to bed for now so I can wake up at 4am to fly, but I am so thankful for each and every word of advice. I will continue to read through everything on the plane tomorrow. You are all wonderful people, thank you again!! +Guys, + +something i really feel like a lot of people do not understand, the marketplace itself has the potential to make Gamestop skyrocket in value as a company and directly your own bag if you have a purple circle. + +&#x200B; + +They didnt just give us a market place, they gave us a tool - which is not just a blunt tool to have insane impact on the value of company you love (besides stocks,duhh), its also part of the future and web3. I´d guess only like 15% of you guys really understand the gravity of NFT´s and the future use cases, i spent a couple thousands hours in crypto and do it for a living and i cant believe how lucky i am to be on this boat. + +I personally feel like i have *MICROSOFT* stock in the early days (that will also squeeze so hard that Ken never eats mayo again), this is all is so much better than you possibly can think. You need to understand that if this thing gets traction and they start to hammer out AAA partnerships and or even further use cases of NFT´s this is gonna be a big part of their business, maybe this grows so large the store is literally just merch/hardware for the GIANT GME. All other stuff is on the blockchain, and ***you OWN*** it. And if you decide to sell it, you can do it, everyone profits. + +&#x200B; + +The vision behind this is genius, all these Boomer like the mad man Cramer hear NFT and laugh, because they are ignorant, uneducated in crypto and in general dinosaurs (like Munger, dude is so old the candles cost more than the birthday cake, if I need advice on a printing press i´ll fax him) Like in every generation happens some kind of revolution, this time it seems its all about ***decentralization*** and I AM a part of it. Cutting middle men and creating a whole new enviroment for artists, devs etc. This is so huge, this is the defintion of ***POWER TO THE PLAYERS***. + +&#x200B; + +I just wanted to share my thoughts and my incredible hype i have, i feel very blessed to be a part of all that merely because somehow a man with a red headband and a man with the goggly eyes had a dream and this message reached me through some of you guys. Its been a long time and a rough sea for some of us, motivation faded for me a bit but MAN this brought *FIRE* in my blood connecting the dots. + +**I am** a proud investor in a future tech company that is on a road of absolute domination in the most interesting sector in ***ALL of business*** right now, with the smartest community and customers and a monster leadership with insane partners. + +&#x200B; + +I want to use this new platform as much as i can, getting familiar with it so im ready for everything thats coming. I really try to get my hands on the stuff that is launched already, I think all that stuff there is already iconic (to me its like an alpha collection) + +&#x200B; + +Imagine **steam** launching but you can participate in the growth via the platform and you own steam stock...uhm ok im bullish. And using the platform pumps your own bag? Yeah ok. At certain levels we squeeze to Neptun and back? Ok im listening. Like what more do you need to feel blessed to have this opportunity? + +&#x200B; + +***And for the smoothbrains, yes DRS is de way BUT if your fat ass skips 3 fast food meals a month you got some powder left (its like buying at the physical store, is this FUD lol?)*** + +&#x200B; + +**I** used **I** very often so its clear that im speaking for myself, i do not advice anyone to buy anything cause i dont give a shit, all of you forge your own future with your decisions and the last thing an autist should give is advice so this not financial advice. Strangers sharing ideas on the internet, isnt web2 beautiful? Imagine what web3 can do. + +If you are not doing it already, i hope you wake up happy every morning for being at the right place at the right time being part of this journey, which in the future will reap its rewards. + +&#x200B; + +Cheers to all of you soldiers writing DD and explaining to us smooth brains, kudos! You pave the way for a new era. + +&#x200B; + + **↑↑↓↓←→←→B A START** +**Retail cannot create more shares** so when GameStop says "There should be 26 million shares available for retail but we got 100+ million votes" the media can't blame retail for fucking up the stock. + +So where did retail get their insane amount of shares? Eyes would probably turn to market makers first since they are responsible for having the shares available for buyers through brokers. This would put pressure on them to explain the situation, which would probably start a more public blame game in which everyone would say "it's not our fault" until the finger points to SEC for "not doing their job". + +But what if the media doesn't say anything and tries to hide this news? Well, if GameStop put out a statement about the flood of votes exceeding the actual number of shares I'm sure more people would tweet about it since the the concept of "200M is more than 26M" is easier to understand and believe than "Hedgies are illegally naked shorting GameStop". If enough people talk about it on social media, the mainstream media can't ignore it. + +EDIT: Didn't think too much about the actual number of votes that could be cast so I just threw a big number (100M) since the point was the topic in the title, but after few comments I decided to type this here too: + +It seems like institutions (like ~~BlackRock~~ Vanguard) didn't recall their shares on the record date (4/15, there wasn't mass buying back shares) so if their shares are still shorted (borrowed and sold) the new owners (possibly retail apes) could've claimed the right to vote - thus the amount of votes from retail could be twice what they should have. + +According to investopedia "Whoever owns the shares on the record date, whether that be the initial investor or the investor that bought the shares on the open market, is the one who has voting rights." ([https://www.investopedia.com/ask/answers/05/shortsalevotingrights.asp](https://www.investopedia.com/ask/answers/05/shortsalevotingrights.asp)) + +Since there are \~70 million (actual) shares total, I believe the total amount of votes can't be over that (since to be able to vote you need to have recalled your shares by the record date, I did read something about "over-voting" but couldn't find anything solid on it by googling around), so my "100M" is a bit misleading. Sorry about that! Didn't think about that when wrote this, but that's why I gave it the flair "Opinion" instead of anything else. /EDIT + +**EDIT2:** u/DJchalupaBatman brought up a good point in their comment and I realized that my first edit clashes with the title. I'm not very smart ape so the flair will stay as "opinion", but I did do some researching into a thing called "over-voting". I couldn't find much about it but this was an interesting read [https://katten.com/files/21384\_proxy-vote-processing-issues.pdf](https://katten.com/files/21384_proxy-vote-processing-issues.pdf) + +&#x200B; + +[So the votes CAN go over the actual number of shares outstanding \(\~70mil\)](https://preview.redd.it/b7v7z1iyj5v61.png?width=738&format=png&auto=webp&s=36a9d32cf3a3a1ae332bc895142e48f7980f9ada) + +I'd love to read some DD of over-voting if any ape smarter than me could dig into it! I'm a nordic europoor so I can't even vote in any case;\_; +Only minimal editing has been done on this, cut the guy some slack on word selection, spelling, and grammar his last edit was when he was 82. + +--- + +* Remember you are the product of all the decisions you make over the years. + +* Choose wisely and you will create heaven on earth, for you and your family. Choose poorly and you will create hell on earth, for you and your family. + +* Plan ahead! This is a proven strategy that has a huge payoff for many areas of your life including money. + +* Never spend 100% of your income / paycheck. Always put aside (save) something. This is the absolute rule of financial success. If you follow this rule and invest your financial future is assured. + +* Never carry a balance on a credit card account. The balance is your road to financial perdition. + +* Try to never do business with any operation that has service in it’s name or stated purpose. It will cost you a significant amount. These are high risk operations and there goal is to extract as much money as possible without being arrested. In general these are dishonest people and operations. I cannot think of one major financial institution that has not paid absolutely huge fines to the SEC, on the order of hundreds of millions of dollars, without admitting guilt, what a joke. These fines are not limited to financial services companies and appears to be epidemic with all businesses that in any way deal in money. Your local bank, insurance companies, real estate, investment advisor are just a few examples. + +* Never go to any operation that charges you to wait in line. Disney is a prime example. + +* Banks, in general, are dangerous for your wealth. They almost always charge more for a service than you can get from another source. T-bills, mortgage loans, savings are just some of the things that leap to mind. + +* Don’t do business with disturbed people or organizations. Run don’t walk away from these situations. Confusion, misinformation, bait-and-switch, deliberate misrepresentation are common signals. + +* Cash is king. There are many transactions that are cheaper when cash is exchanged. Some examples are, auto gas, retail transactions where cash discounts are available from many retailer’s. Buyer beware at swap meet, garage sales and similar cash arenas. Be careful how you display cash as there are risks in the cash arenas. Many of the people are the baby boomer drop outs from the 60’s with the morals of a potato. + +* Credit cards are a marvelous vehicle when used for your advantage. Never for borrowing. + +* Always pay off your credit card balance 100% every month. Avoid any purchase that can’t be paid off. + +* Nothing is for free! All free offers disguise what you must pay for the product be it in your time or other effort that is the hook in the equation. When anyone says or prints a free offer, throw it away it is bound to cost you. Rebates are often dishonest. + +* Try to purchase your car for cash. It’s the first car that’s the hardest and all subsequent purchases are relatively simple especially if you put aside a small sum every month. If you must borrow money for a car then one strategy is to use money from home equity. The goal here is to minimize loan costs and maximize tax deductibility. Auto loans are expensive compared to home loans and analysis is a must. Almost all vehicles cost at least $0.50/mile to operate so think about it when you are just driving around since a 20 mile trip costs $10.00. + +* Don’t give away your money! There are armies of people and organizations that have there hands out and a long story about how they can spend your money much better than you can. I have found that if you can’t find a good investment then spend the excess on your family. There is only one situation where this rule may be ignored and that is when your donation is in your self interest and not to further other peoples / organizations agendas. + +{political comment removed at suggestion of mod} + +* Don’t loan money to your friends or family. If you must, then give it to them. There’s no faster way to loose friends than to lend them money. If you lend them money and they can’t pay it back on time they will avoid you like the plague. Never a borrower nor a lender be... grandma and Shakespeare were right. + +* Real Estate has proven to be my best investment by far with the appreciation in value being the major driver. Don’t buy a house that has anything odd about it. Buy a house that is just like all the homes in that neighborhood. My current house, occupied for 10 years, was purchased for $150K and it’s estimated selling price is $500K. This $35K appreciation per year is how wealth is accumulated. + +* Remember there is more crime per capita in financial institutions than there is in the general populace, by a very large margin. Current problems '08/'09 demonstrate this on a massive scale. Risk taking by most large financial institutions will cost the tax payer at least 2.5 trillion dollars and probably much more. The government continues to bail them out. These are the people who produce nothing and gamble, it appears, with your tax dollars. + +* Anything that is advertised nationally is overpriced. + +* Vacations – These are places where you pay to wait in line with a large crowd of sweaty people with small children who are not pleased to be there. My favorite is to stay at home where all your interests, books, hobbies and music are right at your fingertips. Most vacation spots are designed to separate you from as much money as you will tolerate in crowded conditions that you wouldn’t dream of accepting under any other circumstances. High priced poor quality food is usually part of this package. Think of an airport. + +* Entertainment is designed for 13 year olds. Thirteen is an age where children are not very sophisticated. Let me make it clear, they are truly ignorant about what is going on. You can’t convince them that the junk that comes out of the entertainment establishment that is cool, hip in almost all cases it impairs their future performance with the really important decisions. Poor performance in life is directly traceable to the emphasis on what you feel rather than analysis and what you know or can deduce. Truth is not a choice it just is. + +* Remember the six P’s: Piss poor performance is based on piss poor planning. This seems to be obvious however experience has shown that planning is not a strong point in our educational establishment. Planning appears as a mainstay of business rather than in personal life. Think about what you want to do and put it in writing. I can’t stress how important this is. The act of writing tends to clarify your thoughts and make you think about a subject and define the what ,when where and why. A cost / benefit analysis will always pay off. Planning is a good thing. + +* Insurance: Every major insurer has been indicted and paid huge fines . This is something you need, however, think long and hard about what you are trying to insure against. What risks do you need to protect yourself from. This is the most overpriced product on the market. Shop hard. Never use insurance as a savings plan. + + * Auto: Required in most states. Evaluate how much risk you can accept , ie how low your premium can be. Smaller risk by the insurance company equates to lower premiums for the customer. All insurers would prefer no risk on any policy and their actuaries try to arrange this. Remember this is a huge commission business where most of your premium is not paid out for risks taken. + + * House: Homeowners Insurance. Fire and liability. I only carry fire insurance. Often required by your mortgage company if you have less than 20% down and is almost always overpriced, a form of theft leaps to mind. + + * Recent rate increases and limitations on coverage, ie will not cover specific areas of the country for specific kinds of damage, indicate to me that these companies assume no risk and that the full burden of both liability and commissions is paid for by the customer. One wonders if self insurance should be an option similar to many large businesses. + + * Life: If you are married with small children then term insurance seems appropriate and all other varieties are a waste of money. + +* Do not co-sign on a loan for anyone. This is one of the stupidest things you can do in the financial arena. Lending institutions use this technique to try to fob off the risks of lending money. The lender has already evaluated the lendee as a loser and wants someone to accept responsibility for the losers loan. + +{political comment removed at suggestion of mod} + +* Auto – Do not lend your auto to anyone. Liability! +The down side is massive liability risk. There is no upside except being a good guy. This is not a good cost / benefit situation where the costs could be huge and there is no tangible benefit. Family members may be an exception. + +Edits: removed political comments at suggestion of mod. + +---- + +Edit2: Thanks to all for the Reddit love, insightful comments, and (bless you anonymous donor) gold. + +I appreciation, I am including bonus advice I have received verbally over the years: + +* Son, never, not even in jest, suggest that you put the crying child in the garage overnight. +* Leave the drunk driving to the pros. +* In an exit interview, always insist that the HR person puts this note in your record: "I can say I have never worked with a finer group of people in my entire professional career". +The more research I do the more I am falling in love with the idea of renting for the rest of my life and only having investment properties. How does the community feel about this strategy? + +I'm feeling like the rent we pay would be equivalent to interest payments that we cannot claim on tax, whereas investment property interest is all deductible. +There needs to be some hard action to face all those really bad "investment" tips, that get upvoted for no understandable reason. + +Rule 3: No Pump & Dumps: +\- So many $UWMC and $WISH posts, that just want the share value to reach some arbitrary price, with no meaning or reasoning whatsoever. + +Rule 8: Memes only on weekends. // When has that stopped? +\- Seeing this sub flooded by shit AMC Memes + +Can this sub please come back to in depth DD for stocks? +That will be a hard job for the mods, but I hope they will find a solution. +Maybe they can borrow the "Satori" Technology from r/Superstonk . + +And I don't think "Meme Stocks" are the reason for this shift in paradigm. In my opinion Hedge Funds realised, that instead of telling us through CNBC what to buy, so they can fuck us over, they added reddit to their repertoire. + +Be nice, downvote stupid content, upvote good research, even if you think different. Criticism and a good discussion will be in the comments, if we work together on this problem. +Before I tell you how I fucked up, let me just say I am *very aware* of just how many newbie mistakes I made and how stupid I was. By all means, please feel free to laugh at my disgusting choices... the least my stupidity can do is serve as humor. + +Back in May/June, I bought around 600 Bitcoin at around 2700 USD. I'll let you do the math on how much that cost me. But I believed in Bitcoin. The original plan was just to hold them forever. I was pretty convinced Bitcoin was going to go to $10K by 2018. Had I just left the Bitcoins in my wallet and done nothing, I would be pretty happy right now at $4000 per coin. + +But no. I decided to try my hand at trading altcoins. I started off with Siacoin (this was back when there was hype around Siacoin). + +Put in 10 bitcoins into Sia, at 450 satoshis... Next day, Siacoin went up to 600 satoshis. I was like "Cool, this is easy, I just made a couple thousand dollars in a day." + +Next day I put in 20 Bitcoins into Antshares (now re-branded as NEO). Three days later, it went up as well. "Cool, I just made 10 grand in three days! All I have to do is buy altcoins low and sell high. So easy. As long as I HODL and don't sell in panic and just wait it out until it rises, everything should be fine." + +You can guess where this story is heading... there's no happy endings here. + +Basically, over the course of June, I invested pretty much ALL of my Bitcoins into alts, thinking they were going to keep going up and up. It was pure greed. Of course I should've just kept it in Bitcoin. Of course I should've done my research on some of these altcoins. Of course I should've not bought it at the very fucking *peak* before all the altcoins crashed. + +Curious to see how badly I fucked up? + +Here's a list = all the altcoins I bought, how much BTC I spent on them, and how much BTC they're worth now. Feel free to roast me, cause you could not get more stupid than this (especially putting that much money and faith into some of these altcoins). + +- Siacoin = 246.82 BTC → 72.94 BTC (minus 70%) +- CloakCoin = 139.27 BTC → 41.59 BTC (minus 70%) +- Factom = 120.72 BTC → 44.17 BTC (minus 63%) +- Monero = 18.76 BTC → 12.96 BTC (minus 31%) +- BitShares = 13.18 BTC → 4.54 BTC (minus 66%) +- Crown = 10.26 → 4.05 BTC (minus 61%) +- ZCash = 9.77 BTC → 4.13 BTC (minus 58%) +- Golem = 9.13 BTC → 2.7 BTC (minus 70%) +- GameCredits = 8.49 BTC → 3.1 BTC (minus 63%) +- LBRY Credits = 5.71 BTC → 2.55 BTC (minus 55%) +- BitcoinDark = 5.03 BTC → 1.96 BTC (minus 61%) +- Ripple = 4.98 BTC → 2.03 BTC (minus 59%) +- EmerCoin = 4.76 BTC → 2.02 BTC (minus 57%) +- Digibyte = 4.38 BTC → 1.55 BTC (minus 65%) +- Waves = 4.05 BTC → 2.76 BTC (minus 31%) +- Ubiq = 3.89 BTC → 1.74 BTC (minus 55%) +- Vertcoin = 3.35 BTC → 1.2 BTC (minus 64%) +- Lumen = 3.06 BTC → 0.95 BTC (minus 69%) +- Stratis = 2.96 BTC → 1.78 BTC (minus 40%) +- SysCoin = 2.76 BTC → 0.98 BTC (minus 64%) +- Ethereum = 2.53 BTC → 1.43 BTC (minus 43%) +- MaidSafeCoin = 1.94 BTC → 0.96 BTC (minus 50%) +- Komodo = 1.93 BTC → 0.94 BTC (minus 51%) +- Voxels = 1.35 BTC → 0.67 BTC (minus 50%) +- NEM (XEM) = 1 BTC → 0.88 BTC (minus 12%) +- BitCrystals = 1 BTC → 0.41 BTC (minus 58%) +- Ardor = 1 BTC → 0.34 BTC (minus 65%) +- Wings DAO = 0.25 BTC → 0.15 BTC (minus 37%) +- Expanse = 0.14 BTC → 0.05 BTC (minus 60%) + +Why didn't I put in any stop losses? Cause I was stupid. Why did I keep holding onto these coins despite the massive fall in value? Cause I believed they would eventually turn around. + +Trust me, I ask myself every day how I could've made THIS many bad decisions at the same time. + +I totally get you if you think I'm making up this story and how could anyone be stupid enough to spend 200 BTC on Siacoin. Pure greed. I thought Siacoin would keep going up, and I could make a quick profit. + +The only mistake I haven't made is sold any of the coins at a loss. Even as I saw the altcoins go down, I convinced myself that all I needed to do was HODL. + +I'm still holding. Still hoping that eventually some of these might go back up to the value they were before, and I can sell them off at break even. + +Of course I'm tempted to sell them all. Take any BTC I can get for them. Maybe put it into NEO (that train already left though) or some other altcoin that I hope will blow up. But of course that too would be an impulsive mistake. I'm just scared shitless, so I hold. I've made every single mistake I could made, except selling at a loss. + +"Just hold." everyone says. So I do. But the people who say "hold" usually didn't spend 600 BTC on altcoins and watched their portfolio go down to about 200 BTC. + +By the way, I know that when you compare it to USD value, not all of these altcoins have dropped that much. But that's not what I look at. USD value is deceptive, cause BTC keeps going up. + +What I care about is BTC value. I'd give anything to just have my 600 BTC back (which of course would now be worth way more than the $2700 per coin I spent on them). + +I realize that the chances of these altcoins ever going back to the peak that we had in June / July are very slim... the more BTC keeps rising, the less satoshis each of these coins is worth. Trust me, I know how much I fucked up. + +Anyway.... feel free to laugh at my stupidity. + +I'm open to any suggestions as to what to do with my altcoins now, whether I should just sell them back and get ~200 BTC for them, or wait for some of these to turn around... I genuinely don't know how to make this any less of a fuck-up. + +*** + +**EDIT:** To answer some questions that have popped up: + +Some of you are having a hard time believing someone who has this type of money can lose it in such a stupid way. Earning money, keeping it, and growing it are different skills. I fucked up on the last two. + +A few of you asked how I bought 600 Bitcoins all at once. I used an OTC called Genesis Trading. Minimum buy order is 25K. You negotiate a bid, then you wire them the money, and they send the BTC to your wallet. + +I don't have any NEO. I sold it when it got to break even, and then it exploded to current levels. So not only did I fuck up by investing in alts that went down, the one single coin that went up, I sold before it exploded. + +I *will* reply to comments. Right now I'm just catching up (I posted this story in r/Bitcoin too, so there's a lot of comments) and reading everything that everyone posted and taking it all in. + +Thank you to everyone who replied. +What did the volume on VW look like leading up to the squeeze? + +I'm asking for a friend. And I'm not sure where to go to look that info up. I'm also in bed but if this dies in new I'll try to look tomorrow. + +The bot said this is too short so I'll add that in a couple days my auto buy on computer share will go through! + +I just ate some chocolate cake and I had ice cream with it too. + +Text text text text text text. +As the title states… + +I’m in my mid-20s, making $60,000/yearly from working pt and disability pay. + +Long story short, about 5 years ago, I locked myself in my house and didn’t leave for about a year and a half, nor did I take care of any finances. + +The only thing that got me out was a 3 month hospitalization, and moving back to my home city once the military decided to discharge me with a 100% disability rating. + +Since then, I’ve paid off about $25k credit card and personal loan debt, and I have about $4,000 to go, with a $250/month car loan and $2,000/rent trying to pay off my credit cards as fast as I can since I got my job. + +Unfortunately, there’s been an emergency and I have to take out a $6,000 loan that I need by tomorrow. I currently have $10 in my bank account after spending the $4,000 I had in my savings and checking on this emergency. + +Due to my bad credit history, it’s been near impossible to get a loan by any of the banks I’m associated with (Navy Federal, Chase and my small, local credit union I’ve been with my entire life). + + +So I took to Credit Karma, and the only loans I’ve had offered were about 35% interest, $210 for 60 months by OneMain Financial. The “interests and fees” are $6,600 alone for a $6,000 loan. + +I guess my question is, as someone who is obviously financially illiterate and at this point hanging on by a thread, is there anything I need to look out for before I take this loan? I’m also a little confused how a $6k loan, 35% interest rate for 60 months ends up = $12,600. + + +It has “no early payment penalty fee”. Does that mean, if I pay off my loan by February, I’d just be paying for the interest accumulated by then? + + +— + +edit: Just to clear up any concerns, the $4,000 was to cover a weekend-long hospital stay + CT scan for my dog, where they discovered a mass in her small intestine. + +They quoted me $15,000 for her surgery + recovery, while a local surgical center quoted me between $4-6k for it. I took her home, we tried medical management for a couple weeks, and while she did great, her condition wasn’t improving. Her quality of life is still there, she’s playing and eating and she’s otherwise healthy. Unfortunately, the mass is a ticking time bomb, and we won’t know what it is until they go in and take a look. + +I totally get the concern for going into crippling debt for a mutt, but to be honest, she’s fairly young, she’s still playing even now, and she saved me. Another 6 years with her is worth $10k. Unfortunately I did not qualify for CareCredit, so now I’m just going forth with trying to find the best way to pay for her surgery. + +— + +2nd edit: +I was able to borrow the money from a family member to have the surgery. Unfortunately, they found an aggressive spread of what was likely lymphoma. My dog is gone. + +I get that it was a lot of money and I lost my dog anyways. But in 2 years, I’m not going to regret spending the money. I would have regretted not trying. She was worth it. I love that mutt so much. I don’t know what I’m going to do. +I see it everywhere, made available for everything. Most I see are around 27.5% APR and it’s just eating people’s money and putting more and more debt on struggling households. + +It’s also allowing companies to keep their prices high as they can increase their market by offering financing, whereas if they didn’t they would have been forced to lower prices. It’s artificial high demand but not sustainable as they’re targeting people who literally can’t afford it. + +Surely this is just another bubble waiting to pop? I doubt it’s as big as the housing bubble of 2008 but it’s ringing a lot of similar chimes. + +What do you guys think? +There has been a lot of post on here about an upcoming recession. Potentially 10% unemployment rate in the UK. Lots of doom and gloom but not much help on how to prepare your self to make it from the other side. + +I’m really worried about jobs and how difficult it maybe to find a job. + +I remember from 2008, when I was in school. I remember my teacher who claims her husband was a manager of Morrison’s. She claimed 600 people applied to one bakery position in a store. There were people with masters degree. + +For me personally I have paid off 7k worth of debt. I am also hoping to cut down on some expenses, potential cutting virgin and tv license in October.i have changed rate on mortgage too. This will free up a lot of cash each month if nothing else changes. + +However job wise I am unsure what I would do if I were to lose my job. I am aware that finding a job will be difficult for both the new workers entering the world of work to seasoned professionals. + +So everyone, what are your tips to prepare yourself? +My parents started a college savings account for me when I was born, but thanks to scholarships and my parents very gracious contributions, I graduated with a large chunk of money still in the account. + +Now that I've graduated and opted not to go to grad school, I'd like to look into investing this money. I would like to keep some accessible for an emergency fund, but I also want to start on a retirement fund and potentially investing in a way that I could use it to help me buy a house. + +I've asked my dad for help, but he just said not to do anything right now. I feel like waiting is a bad decision, especially if I decided on something like an IRA account. I have next to no financial knowledge, especially around investment and saving. I am in the US, and I'm 23 if that matters. +I (33) have found myself in a bit of a financial hole. I hit a pretty bad rough patch a few years ago and proceeded to wipe out my bank account while running up credit card debt. + +I currently have 17k in credit card debt. With less than 10k in the bank. I have a full time job that pays me ~1300 every other week. But with my payments and other bills it seems like I am stuck. It doesn't feel like I am putting any dents in my debt and cannot generate any savings. + +I have a retirement fund from my current job which I've been at for almost 3 years that has over 9k in it. Can I cash this in to help pay off my debt? + +I am aware there are penalties and taxes that have to be paid. But at the rate I am currently going I feel like I will not be able to make any significant dents in my debt without coming into a bit of money somehow. + +Any advice would be greatly appreciated +Yes it's a general question, but I couldn't figure out a way to investigate REIT companies. + +Each one carrying a lot of debt, which Im trying to avoid of + +For example: + +&#x200B; + +|VICI (Payout 85.40%)|STOR (with payout ration of 137%!)| +|:-|:-| +|Cash:$568.7m Debt:$5.3b|Cash:$39.34m Debt:$10.48b| + +&#x200B; + +So to understand better those companies I need to really really dig on each one. + +since each company holds several real estate properties, each one is kind of ETF.. + +How ones are investigating company? or just go with the flow O, VNQ for REIT diversification ? +Wife and I are 25, making AU$52 and 60k/yr respectively and living in Sydney, Australia (HCOL. Almost VHCOL.) We've read a lot of posts from people working in high-income jobs, including some working insane hours or hustling to get up the corporate ladder so they can RE sooner, but this isn't us: Wife is a speech/language pathologist working for the Department of Education, I'm a full-time middle manager working for a publicly-funded performing arts company. We both chose our careers because it mattered to us that we're doing something that helps others and/or makes the world a nicer place, and we both want our work to be rewarding, rather than waiting until we're FI and retired to help other people. + +&#x200B; + +**Is anyone else here pursing FIRE while working for government or in public sector? How do you work towards FIRE when your income potential isn't limitless and working harder won't achieve a better financial outcome? Has anyone moved into private sector/more profitable work because of this - are we just being naive?** + +&#x200B; + +EDIT: Lots of amazing feedback from US govt. workers - it sounds like you have got it sorted! Wife will almost certainly not be eligible for pensions as will likely eventually move to private practice where money is better for senior practitioners, but that's still a long way off. I wasn't clear in my own situation: Major arts companies are not technically government agencies and are instead independent companies which receive \~50-70% of their funding from state and federal government. Because of this arrangement, there's no pensions, no improved super/401k, and no health benefits, but our pay is directly tied to how much funding we get and so the ceiling is very low. + +&#x200B; + +We've got our numbers worked out and could FIRE by 50-55ish, but feel like the frugality needed over the next 25-30 years to make it work is going to be pretty frustrating. We both have modest tastes and aren't exactly keen to buy jet-skis, but knowing that the chances of our combined post-tax income exceeding AU$130k in a country where housing is insanely expensive is pretty frustrating. +30yo guy here working in UX, I feel like it has been hard to generally get promoted due to the competition and companies hiring higher level up from the outside. I technically have never been promoted within an organization, I've switched jobs every ~2 years and each has led to increases in base (87k-> 110k->120k), all of them had varying titles around senior/staff level. + +Although I do want to shoot for a higher salary (open to management) given I live in a HCOL area I'm not a super outspoken guy or into competition at work so I feel like it will be challenging for me to get that bump up at work. I do a great job and work faster than most of my colleagues but I'm just not actively and visibly trying to outshine them. I'd rather make friends than competitors. + +I've lately been thinking about whether I should keep trying to make bumps up externally by switching jobs where I don't have to deal with office competition and politics and just deal with interviewing (but it may look bad onnresume jumping every few years), or if I should just keep on that ~120k path at my job and savings rate and just coast along at my job with or without promotion until I hit my number (in about 15 years) +I’ve had this building for a few years now. It’s a triplex in a decent part of town. I inherited a lifer tenant in the basement unit who hasn’t really been a problem or anything but always gave off meth vibes but I always dismissed it as him just being a bit slow as he never really caused any issues. + +A couple of weeks ago, the second floor tenant contacted me around 9pm to say her unit smelled like nail polish remover and it was so strong she was worried there was a gas leak or something seriously wrong with the building. I messaged the basement guy and he apologized and said he was priming something in the basement and didn’t realize the smell would be so strong and took it outside instead. + +I’ve had this on my mind since it happened and did some googling today and that scenario lined up with the description of smells I found online. + +My question is, when I do an inspection of the unit, what’s the best way to determine if this was being done? Has anyone bought those kits and swabbed the walls? + +Thanks in advance. +Container freight is still at a high level. After the company's profit increased by nearly 8 times last year, it will continue the upward trend this year. It promises that future dividends will be between 30% and 50% of the annual profit. There will be a special dividend in April, with a dividend rate as high as 30% , Shareholders can make money while lying down! Founded in 1945, ZIM Integrated Shipping Services is one of the world's largest container shipping companies, ranking 10th in the world in terms of shipping capacity. + +https://preview.redd.it/2g3cw57b9hu81.jpg?width=1336&format=pjpg&auto=webp&s=023b3b969683f9ce00eae31f93e62bba3847ff25 + +As of December 31, 2021, the company operated 118 vessels (110 container ships and 8 vehicle carriers, 4 owned and the rest all leased); last year carried 3.48 million TEUs (20-foot-long container, which is also an international standard container unit), increased by 22% year-on-year; the average freight per TEU was US$2,786, a year-on-year increase of 126.7%. + +ZIM routes cover 304 ports in more than 90 countries around the world, with trade areas including Trans-Pacific (39% of total capacity), Asia (27%), Atlantic-Europe (18%), Trans-Suez (10%), and Latin Americas (6%). + +As the global economy recovers and import and export trade continues to soar, the stock has risen nearly 20% this year after more than tripling last year, while the S&P 500 has fallen nearly 8% this year. The company's latest market capitalization was $6.805 billion, with a dynamic price-earnings ratio of 1.47. + +https://preview.redd.it/7l6l4qwx9hu81.png?width=1566&format=png&auto=webp&s=3af639175d43fe5c03114ddc57ad478c8837125a + +**Profits increased nearly 8 times last year! Dividend yield up to 30%** + +ZIM's revenue in 2021 will be US$10.729 billion (including container shipping revenue of $9.698B), a year-on-year increase of 168.7%; its net profit will be $4.649B, a year-on-year increase of 786.92%. For dividends, the company is also extremely generous. In January last year, ZIM was listed on the New York Stock Exchange in the United States. In September and December of the same year, a total of $536M was distributed, accounting for nearly 8% of the current market value; it will also give each shareholder an additional amount on April 4. Dividend is $17/share, accounting for 30% of the current stock price! + +**Company route range** + +https://preview.redd.it/6vxwtfulahu81.jpg?width=878&format=pjpg&auto=webp&s=3233e9b100ce53c8ffffdaf73d205498635181ea + +Trans-Pacific: Covering trade between Asia, Southeast Asia, the Indian subcontinent, the Caribbean, Central America, the Gulf of Mexico, and the east and west coasts of the United States; weekly capacity reaches 24,217 TEU, and is also the company's main source of container freight revenue last year (up 54% ); + +Asia region: Asia region, Asia-Africa trade, with business in all Asian regions (China, Korea, etc.), Indian subcontinent, Africa and major international shipping ports in Australia; weekly capacity reaches 17,482 TEU, revenue in this region It accounted for 18% of the company's total container freight revenue last year. + +Trans-Suez Canal: Linking trade between Asia and Europe, with business in all major international shipping ports such as China, Eastern Mediterranean, Black Sea, Southeast Asia, India, etc.; weekly shipping capacity reached 7,888 TEU, and revenue from this region accounted for the company's total container freight last year. 13% of income. + +Atlantic-Europe: Including the trade between North America and the Mediterranean, the European region, and the Mediterranean region, with a weekly capacity of 10,232 TEU, and this region's revenue accounted for 10% of the company's total container freight revenue last year. + +Latin America: includes trade within the Americas, between the east coast of South America and Asia, between the east coast of South America and the Major ports have operations; weekly capacity reaches 3,495 TEU, and revenue in this region accounted for 5% of the company's total container freight revenue last year. + +**There are three types of containers transported by ZIM:** + +Dry cargo containers: Commodities, general cargo (not easily damaged); the company transported nearly 3.25 million TEUs last year, accounting for 93% of the total; + +Refrigerated containers: pharmaceuticals, electronics, perishable goods; the company transported nearly 173,000 TEUs last year, accounting for nearly 5% of the total; + +Special containers: heavy and large cargo, such as machinery, vehicles, etc. The company transported 59,000 TEUs last year, accounting for nearly 2% of the total. + +**It is expected that the annual dividend will reach 30%-50% of the annual profit** + +The company expects that it will distribute dividends between 30% and 50% of its annual profits in the future. Based on last year's profits, it will reach US$1.4-2.3 billion, which accounts for 20-34% of the current market value. The current global import and export trade is still booming, which means that shareholders can "lie down and make money", and its valuation is still very attractive after a sharp rise. In addition, as of December 31, 2021, the company's total liabilities were US$5.242 billion, and the debt ratio was 53.26%, which was within a reasonable range. + +**Continue to increase capacity, investment banks are also optimistic about it** + +On March 30, ZIM announced that it signed a long-term charter contract for six 5,500TEU new-build container ships with MPC Capital of Germany. The vessel is designed to be environmentally friendly, saves 40 percent of fuel, and is ready for a future conversion to carbon-neutral methanol power. + +CEO Eli Glickman said: "We are delighted to announce attractive newbuilding charter deals, securing modern and efficient vessels ideally suited for our expanded express service network as well as other regional services. We continue to advance our strategy of chartering Highly flexible vessels to strengthen our commercial prospects, maintain our flexibility and strengthen our position as an innovative marine provider." + +In addition, investment bank Jefferies raised the target price of ZIM from $100 to $120 in March this year, maintaining a buy rating, which is more than double the current share price. + +**Risks and Challenges:** + +1. Repeated epidemics and regional conflicts will interfere with cargo transportation and port loading and unloading; + +2. Consumer demand has slowed down, import and export trade has decreased, and freight rates have fallen; + +3. Fuel prices continue to rise, and the cost side is under pressure; + +4. In the shipping industry, acquisitions and alliances occur frequently, and competition is under great pressure. ZIM is more "alone". +This is not a moderator taking an official position on any of the tickers mentioned - this is simply me trying to be transparent. I'm not speaking on anyone's behalf but my own - however I do believe from the conversations with other mods here that they share my sentiment and concerns - with that out of the way I want to be clear - it does appear that outside forces are trying to utilize both this subreddit AND other subreddits to attempt to drive changes in price. + +I am making this post in particular because of a recent issue that came to light. Thanks to a user PM to me we started investigating the issue. So from the get go I want to let everyone know - **if they see something, fucking say something (to me).** + +The issue was regarding a ZENA thread and some concerning comments on the thread regarding Zena. In the thread we documented a disproportionate amount of 'bot' or 'new' or 'idle but now active' commenters on their threads and that suggests they are using various subs and discords in an attempt to manipulate price with some crossover between the two equities. The bulk of what we found was focused solely on ZENA - but I didn't want to ignore an account that seemed to be promoting both that stock and High Tide, as prior to this, it was their only comment. Now what we found does NOT say that any of the the securities are a good or a bad equity position to take it. It just says that some outside forces seem to have decided to try to utilize this platform for their own promotions. + +I also want to use this post to detail some of the things both moderators here are doing and what you can to do to help us. + +In the interest of transparency - I also wanted to let you guys know - dozen(s) of accounts have been banned from a single thread on ZENA. We have also noted posts on relatively small subreddits that seem to be either be encouraging or acknowledging some degree of success is gaining traction on this particular subreddit. I won't go so far as to accusing them of brigading and wont name them - but it seems they were celebrating their success in this subreddit - which - if I was long in a stock and they were celebrating it here - it would only make sense for me to come over here and upvote that comment / thread. After all, the more attention it receives, in all likelihood the higher the price will go, right? Be aware of the meta factors at play on reddit. + +Further, the moderators here understand that marijuana related stocks are going to, well, fit the demographics and already held beliefs of a typical or average reddit user. That issue also both makes the users here and this subreddit ripe for the picking for anyone who wants to pump a marijuana related ticker. That said - remember - nearly every due diligence post is a marketing post even if they aren't actually paid by the company. **People don't post about stocks here because they are thinking about buying -they already own it. They are selling you something. ** + +Also remember - No one is going to say "Hey Im thinking about doing this, you go do it first" - what they are in fact saying here is "I already own this, if you buy it the share price will increase due to to demand. Here is why you should buy it and hopefully others will agree with my thesis and we can both profit eventually(but me more lol)" + +I want to implore the users here to not simply read the comments in a thread or the alleged due diligence posted - but to also review the user and commenter's post history. If you see an 9 yr old account suddenly coming to life to say "GREAT STOCK JUST GRABBED XXK SHARES ROCKETEMOJI" or if you see a brand new account acting suspiciously then please note it and share it with the moderator team or with me via PM. + +Other things worthy of noting include long gaps in post/comment history often suggest a compromised account or an account that has been sold off reddit and is now being used to evade typical anti spam metrics (like account age and karma). There are websites off of reddit that both the moderators and admins are aware of that deal in the sale of 'aged' accounts and accounts with established levels of karma. + +Alternatively - these could simply be just a user's alt accounts and he or she is trying to drive up the price for their own benefit by commenting in the thread under multiple usernames. We can't view IPs so we have no way to confirm that typically - but its not hard for us to figure it out and I am not afraid to guess wrong on behavior that suggests this type of activity. We can and do act based on our suspicions and with 1.1million users, I have encouraged the moderators here to do so aggressively and liberally. + +Due to the attention we've received from GME and with, well, the half million+ new users in the past 2 weeks, we are seeing quite a bit of brand new accounts seemingly shilling for particular tickers - often out of the blue and with little content in their comments beyond ROCKETEMOJI GREAT STOCK or some other low effort but encouraging comment to suggest that this shit-quity is going to make them a millionaire. **So remember Part of your due diligence is indeed evaluating the poster AND the commenters in these threads. ** + +Happy trading. +I don't know if this is the right place to post this. Went to r/insurance but it seems that the posts are only about car insurance topics. Scroll to the bottom for a TL;DR + +For context, I have an inflammatory bowel disease called Ulcerative Colitis and for the past 9 months I have been in absolute misery. Doctors have given me many different meds that haven't helped and I ended up in the hospital for about 4 days a couple weeks ago. I was discharged with some steroids that are no longer working (surprise, surprise). + +I have been in contact with my doctor and health insurance company back and forth for almost 3 weeks trying to get updates on the status of the claim for the medicine (prior authorization requested by doctor) only to find out yesterday when I called the insurance that they are denying me the medication (Humira), because I haven't tried drugs X, Y, and fucking Z. I have tried 7 different medications and none of them have worked and the insurance still has the audacity to dictate what I need for MY health. + +They told me I can appeal and have my doctor appeal on my behalf and that it usually takes 30-45 days. I absolutely cannot wait another 30 days. In the meantime I am going to have to try some other med that likely won't work because my condition is too severe. The out of pocket cost for the drug without using insurance is around $7000 and so there is no way I can do that. It's a biologic medicine where I would have to inject myself, which is why I really need it. It's an aggressive medicine that likely will work. + +I'm posting this because I am very desperate. Are there any tricks or is there any hidden information/loopholes that I can take advantage of in order to expedite this appeal process? How can I fight this with the insurance without having to wait a whole extra month? Or am I just SOL? Thanks for reading. + + +TL;DR My insurance denied me a medication that I desperately need because I haven't tried certain other medications yet. Appeal process takes 30-45 days with no guarantee the scumbags with the insurance company will change their minds. Is there anything at all I can do to expedite this and find a quicker resolve? + +Edit: I am getting a lot of notifications that people are replying to this post, but I'm not seeing most of them. Only a select few for some reason. I'm not that savvy when it comes to reddit, so I'm trying to figure out why it shows I have 10+ comments but am only seeing like 3-4 on my post. Sorry guys. + +Edit 2: This post is getting a lot more attention than I anticipated. I am reading all of your comments, I promise! I just can't reply to all of them right now, but I see them and I am PROFOUNDLY appreciative of everyone who has commented providing me advice and words of encouragement. Thank you all so much + +Edit 3: Grammar and spelling. +Update after a weekish: Her work has gone fairly silent. She has some good people on her side but the VP just has too much juice. He is going to bulldoze everyone. In all likelihood the parent organization is going to dissolve the smaller company she is in and absorb it, despite significant legal hurdles. She is looking at a maximum of 9 months of employment there. Sometimes you gamble and win big. Sometimes you just have to walk away. But, she sold 2 houses yesterday and both of those are 90% likely to lead to another listing each. Those 4 sales cover almost a year of our living expenses. Not exactly the amazing "told off my boss and suddenly I AM the boss" FU stories everyone wants to hear. But we will be perfectly fine. + +original post: + +We’ve been in track for a few years with a pretty good starting place of no consumer debt. +We both started real estate side jobs and bought rentals etc. she makes the best salary but between side hustle money and my salary we don’t strictly need her job anymore and we can still continue to save. + +There is some turmoil at her work and a VP a few levels up but not directly in her line has been meddling in her department and she decided she had to freedom to call his shit like she saw it. This has really gotten the attention of other VPs and the board. It could go very well or very bad. Either she is a badass who is going to climb or she is on her way out. Either way she is happy. + +If she was still a basic paycheck person she would have kept her head down and dealt with the downhill slope of garbage headed her way. + +Exciting times in our house. + +Edit to head off questions: +I make 50k salary +She makes 75k salary +I flip houses and make about 75k annually +She is a real estate agent and makes 150k at that + +We are in a LCOL area. Combined net worth of maybe 300k. + + +Edit 2: +We have significant real estate holdings not included in ‘net worth’ because the contracts are structured such that it is hard to value or are illiquid. ‘Net worth’ should be ‘investment accounts’. + +I also have a defined benefit pension fully vested and our cash flow would let us coast to being able to draw that. + +If I have a house I’m flipping and I have a purchase price of 100k and 20k in repairs but I think it will sell for 160 in a month I just don’t count that in NW because it doesn’t fit the FI reddit model. is that 120 or 160? I’ll roll that money into another flip and in theory it could evaporate with a bad deal. + +Edit 3: + +Let me restate the financial position. +50k salary +75k salary +150k agent income +75k flip income +300k in brokerage accounts +I have a pension plan coming that will pay 3k a month forever at age 55. +Our rental income stream is roughly 3k a month but rising quickly as we focus our income on new acquisitions and paying down debt. Thus the small stock portfolio. +Real estate portfolio equity is 500-1mil, depending on how you value it. Not all of it is straight forward- And there is a lot of churn. I don’t like to include this in my NW because of how it is structured. Some of the value is based on low cap rates and that equity doesn’t feel real to me. + +Our base monthly costs are $3000, give or take. So technically we could quit our jobs tomorrow and live off of 3k a month, but that is a little lean for us and we have youngish kids so I feel the need to double the ‘passive’ income because I recognize tastes change, kids have needs and I want to leave an estate. + + +Edit 4: she reported back tonight. VP threatened to basically dissolve and absorb her division. He sent an email out stating that he was going to do that ‘immediately’. The board recognized there were massive regulatory/legal hurdles to this and VP was being insane. He had to walk it back ala Trump. She talked to her board contact who basically said ‘good job standing up for yourself. Nobody is going to touch you any time soon.’ + +She has a job for at least another year, but honestly we hope he keeps meddling and they offer to buy her contract out. Her board is made up of very HNWI and I suspect one or more may try to poach her for their businesses as her contract winds down. + +Hopefully this also sparks some scrutiny of crazy VP who has being doing some shady- but not illegal- stuff. + +Bonus: she is sitting on the couch next to me listing a house for sale. We both recognize that leaving her job to be an agent isn’t retired by any stretch. But is it a gamble and we have the money to gamble without much fear. +Banks are not doing you any favors. Banks make money, with the money that YOU lend them. Money kept in a savings account is not growing or working to increase YOUR wealth. You work HARD for your money so it should be invested so that it can grow over time. Investing gives your money the chance to grow quicker than if you keep it in a savings account. So, get started investing as early as possible! Investing is an effective way to put your money to work and build wealth. +The "creator" of the token messed up big time in the only function that he added by himself (the rest of the code is just ERC20 standard). The **distributeEBTC** function which is used to distribute tokens from owner's balance to provided addresses, doesn't check if the owner has enough balance before updating user balances, so the owner can create tokens out of nowhere, even if his balance drops below 0 (actually since balance is unsigned, it will just become a huge number). + +Contract source code can be viewed at [https://etherscan.io/address/0x2FD41f516fAc94Ed08e156F489f56cA3A80b04D0#code](https://etherscan.io/address/0x2FD41f516fAc94Ed08e156F489f56cA3A80b04D0#code) + +This was the first thing that i saw in the minute i had a look over the contract code. Hopefully only the people that received the free tokens were the ones trading it, and nobody used his actual ETH to buy it. In case you did, i hope this will be a lesson to you. Stop trading obscure tokens/coins! + + +Hey there r/Superstonk, welcome to Kiraverse! + +We're an online multiplayer blockchain-based game created in Unreal Engine 5 where players across the globe can come together to play, compete, and earn. Kira is a third-person shooter and is starting off Season one with two game modes: "Elimination" and "Battle Royale." + +Players can earn in game tokens to acquire, purchase, or rent characters, skins, weapons, and more to enhance their gameplay and further their immersive experience in the Kiraverse. + +&#x200B; + +**Kiraverse Roadmap:** + +https://preview.redd.it/2px1alap0fr91.png?width=1206&format=png&auto=webp&s=551f1c94b8fe12828faa30a06ddc78e21c9ce40c + +&#x200B; + +**Gameplay:** + +https://reddit.com/link/xttkjw/video/6n8nmpcr1fr91/player + +&#x200B; + + + +**Initial AMA questions**: + +&#x200B; + +**How did this project come to life, where did the inspiration for it come from?** + +KIRA means Ruler/Leader. Being in the Web3 space it was always about the fight against centralization. So KIRA stemmed from that. The decentralized civilization that would pave the way fighting against centralized experiences. Our team is comprised of gamers at heart, we draw inspiration largely from popular BR titles and combine elements that we like with what we think the gaming space needs… Digital ownership! + +&#x200B; + +**How big is the team, how did it come together?** + +21 team members currently and growing, 5 of our core team members did blockchain development contract work prior to Kiraverse and have formed an efficient strong team from there. The whole Kiraverse idea really came together a little over a year ago when we started to see that NFTs can serve as a tool that shakes up the gaming industry. + +&#x200B; + +**How did it happen that you ended up with IMX and by extension, on Gamestop?** + +We were referred to IMX by a company we did blockchain integration for. After chatting over emails / calls we actually flew to another state to meet their team and after that first meeting we hit it off, IMX just really gets it, they’ve been a great partner and true pioneer to the NFT gaming space. IMX had a partnership with GameStop already and once we got the opportunity to show GameStop what we’re building they welcomed us with open arms! + +&#x200B; + +**Among all the other games around what makes yours unique?** + +The everyday average gamer can make money from their home. It's about empowering the masses. Not everyone can become a pro gamer and earn money in Esports, KIRAVERSE makes this possible. Users now have the opportunity to earn in every match they play. In addition to that, we can integrate any NFT in game and allow users to play with their favorite avatars and buy, sell, rent and trade their assets. + +&#x200B; + +**Were you experienced on Web3/NFTs at the start of this project?** + +My co-founders and I have been in the space since 2017. I (MysticKIRA) am a fullstack developer, Kiracurrency owns a marketing company and Efficiently is the lead game dev. We all did contract work for a long time and through our love of crypto and gaming decided we could really make an impact in the space. We saw so many projects fail due to liquidity issues and bad management. We were victims of several rugs and realized there's a better way to do this so we put our heads together and took the first steps towards creating Kiraverse. + +&#x200B; + +**Where do you see nfts/web3 going in the future?** + +I think what we saw in this past bull run is over. I believe the future of web3 will be more organized and be led by much better management. I also believe gaming is a huge part of this because NFTs are essentially already digital assets, but now you can actually dictate what is done with them. Gamers now buy thousands of skins and they just sit in their inventory unable to sell, trade, or rent in most instances. Now restoring power back to the players allows gamers to earn revenue off of that skin, or should they choose to sell it etc.. It's a no-brainer once web2 catches on. Mass adoption is coming and our belief is the most popular use case for NFTs will be within the gaming niche. + +&#x200B; + +**Any exciting integration on Kiraverse that you can talk about?** + +Can't wait for our real Battle Royale map to be finished. It's bigger than Fortnite’s map, will have insane high poly graphics and lots of cool structures. Another thing we’ve focused on during development is promoting players to use the environment to their advantage during battles. At the time I can't reveal too much else on the topic but it is going to be sick. We've shown it in discord livestreams to our community briefly, so IYKYK. + +&#x200B; + +**Wen Kira NFT, wat mint price?** + +TBA, TBA. + +&#x200B; + +**Last one, besides yours, any other Game coming up to IMX that you’re hyped about?** + +The best game on IMX besides us would have to go to Illuvium, absolute polar opposite to Kiraverse when it comes to game style. However, we think it has legs and will do well as their team is committed and delivers quality gameplay in a niche that needs it! + +&#x200B; + +We’re so grateful to have received such overwhelming support from the GME & Stonk communities, it is still so early along in Kiraverse’s journey and seeing the feedback is both humbling and reassuring that we’re right where we need to be. + +For any other questions, please feel free to comment below and I'll do my best to answer all of them! + +&#x200B; + +**Socials:** + +[Discord:](https://discord.gg/kiraverse) + +[Sign up for Alpha access:](https://kiraverse.game/) + +[Twitter:](https://twitter.com/KiraverseNFT) + +[YouTube:](https://www.youtube.com/channel/UC1XWWQws0l9XrSrgbprhjMQ) + +&#x200B; + +Congrats to last week's NFT giveaway winners: + +EVA: da\_squirrel\_monkey + +NATE: KaLul0 + +EVA: salataris + +NATE: Crazyfistz + +The prizes will be sent out today! ❤️ +Hey all, + +The title really says it all. I checked my credit score today and noticed my score dropped 80 points from a medical bill from about a year ago that was just sent to collections. Thing is, I never received a bill or notice of collections. + +I called the billing agency and of course my address was incorrect in their system. I asked them to recall the debt, however they said I needed to call the collections agency to do so. I called the collections agency- who also had my address incorrect- and asked them to remove the derogatory mark from my report if I paid the balance in full. The agency said they couldn’t remove the mark and that they would have to file a dispute with the reporting agencies in order to correct the issue. The agent said a dispute doesn’t guarantee a removal, though. + +I’ve paid the balance in full, but I’m extremely concerned about the huge drop in my score. I’ve been working hard to improve it over the last couple of years and this is a huge hit that wasn’t even my fault. I’m confused how I can be penalized for a debt I didn’t even know I had. + +Has anyone experienced something similar? How likely is it that the dispute will remove the error? + +Edit: Seems like the general consensus is that I definitely shouldn’t have paid the debt until I had everything figured out, and I should’ve pushed harder on the billing agency to recall the debt. Unfortunately, the billing agency is a tiny community hospital in a town with 600 people and it seems like they don’t really know what they’re doing. + +I’m really hoping that the dispute filed by me and the dispute filed by the collections agency will push the remark from my report. + +Edit 2: No, it was not my fault that the address was incorrect. My home address was listed as my mailing, my PO as my home. +Backstory: Started my career as a trader for Goldman and I had a successful run until the recession in 2008. Tripled down on risky bets and lost hard. I was burnt out, battling a drinking problem and dealing with the death of my father. I stopped trading and moved to HI to start a kayak tour business. Things were going fairly well - not making much money but enjoying being outside and meeting new people. Flashforward, Covid hits and ends my business. To pass the time, I decided to dust off my trading game - started off with $10k in June 2020. August was a good month. + +Gains and losses below. + +https://preview.redd.it/kzwvwax8jvm71.png?width=2747&format=png&auto=webp&s=a0be390715a11a10efe778ba40f76a733eaf5e03 + +https://preview.redd.it/qng4c8x8jvm71.png?width=810&format=png&auto=webp&s=4ee8e26cbb8985656dea913e3c00bc4a0260cbdd + +https://preview.redd.it/yjcwl7x8jvm71.png?width=801&format=png&auto=webp&s=4dad2bb85dd30a628acc1b31e778673fe6dcb6d3 +Here is WSJ's take on BRK's addition to the portfolio. It would not be surprising to learn that they bought more TSMC in October/November. (Of course, right now, we won't find out until next February.) This buy definitely has potential to go sideways in the short-term, but looks like classic Warren Buffett for the long-term. + +&#x200B; + +[https://www.wsj.com/articles/why-berkshire-hathaways-latest-big-bet-is-on-a-taiwanese-chip-maker-11668534666](https://www.wsj.com/articles/why-berkshire-hathaways-latest-big-bet-is-on-a-taiwanese-chip-maker-11668534666) + +&#x200B; + +Berkshire’s $4.1 billion investment vaults TSMC into the conglomerate’s top 10 holdings + +&#x200B; + +By Akane Otani + +Updated Nov. 15, 2022 10:09 pm ET + +&#x200B; + +Warren Buffett’s Berkshire Hathaway Inc. is making a multibillion-dollar bet on a Taiwanese chip maker. + +&#x200B; + +Berkshire’s investment in Taiwan Semiconductor Manufacturing Co., disclosed late Monday, marks its latest step into an industry that Mr. Buffett had shied away from for much of his career. + +&#x200B; + +For years, Berkshire mostly avoided technology stocks. In fact, in Berkshire’s 2008 annual report, Mr. Buffett went so far as to say he preferred simple businesses. “If there’s lots of technology, we won’t understand it,” he said. + +&#x200B; + +But over the following years, Mr. Buffett’s view of technology shifted significantly. In 2011, Berkshire invested $10.7 billion in the shares of International Business Machines Corp., an ill-fated bet that it exited entirely in 2018. Berkshire made another large foray into the sector in 2016, when it disclosed it had a nearly $1 billion stake in Apple Inc. The iPhone maker is now Berkshire’s biggest single stockholding. Berkshire also had a roughly $1 billion stake in [Amazon.com](https://Amazon.com) Inc. as of the end of the third quarter. Earlier this year, the Omaha, Neb., conglomerate revealed it had built a roughly $4 billion stake in computer-and-printer maker HP Inc. + +&#x200B; + +The purchase of 60 million shares of TSMC, which Berkshire paid roughly $4.1 billion for, has vaulted the chip maker into its top 10 stockholdings. + +&#x200B; + +“TSMC welcomes all investors with the propensity to buy and hold TSMC’s stock,” TSMC spokeswoman Nina Kao said in emailed comments. American depositary receipts of TSMC soared 11% Tuesday, scoring their biggest one-day gain since 2020. + +&#x200B; + +The timing of Berkshire’s investment is notable. The semiconductor industry has faced a reckoning this year. After enjoying a surge in profits during the pandemic, chip companies have cut costs, reduced output and reined in near-term capital-spending plans because of slumping demand. + +&#x200B; + +TSMC hasn’t been immune to those pressures. Its ADRs are down 43% from their January peak. + +&#x200B; + +Still, many chip executives remain optimistic about long-term demand for their products. Global sales are expected to roughly double to more than $1 trillion annually in the next decade, thanks to improvements in manufacturing capacity and subsidies for factory building by governments in the U.S. and Europe. + +&#x200B; + +TSMC is also a key provider of chips to Apple. Mr. Buffett has described the iPhone maker as Berkshire’s second-most important business, following its insurance units. + +&#x200B; + +“There’s a school of thought that believes we’re close to a bottom for chip stocks,” said Cathy Seifert, a CFRA Research analyst. Given “Taiwan Semi is considered by many to be a premier chip maker,” the bet makes sense for Berkshire, she added. + +&#x200B; + +Berkshire’s investment also stands to benefit from any potential cooling of tensions between the U.S. and China. + +&#x200B; + +TSMC’s headquarters are in Taiwan, the self-ruled island that is home to more than 23 million residents. Although TSMC has been making plans to expand existing factories in Japan and build multiple plants in the U.S., as well as potentially in Singapore, its production capacity remains concentrated in Taiwan. + +&#x200B; + +Beijing has claimed Taiwan is part of its territory and threatened to take it by force, if necessary. In response, the U.S. has vowed to defend Taiwan from a Chinese attack. + +&#x200B; + +After months of tension, President Biden and Chinese leader Xi Jinping sought this week to stabilize relations between their two countries. They met Monday in Bali, Indonesia, for the first time since Mr. Biden became president. + +&#x200B; + +—Yoko Kubota contributed to this article. +Goldman Sachs analysts believe investors and traders in the stock market are acting irrationally. + +“Cognitive dissonance exists in the US stock market,” Goldman Sachs’ David Kostin said. “S&P 500 (^GSPC) is up 10% since the election despite negative [earnings per share] revisions from sell-side analysts.” + +Earnings and expectations for earnings growth are the most important drivers of stock prices in the long run. In the short run, however, earnings and prices will often diverge. + +[More from Yahoo](https://www.yahoo.com/amphtml/finance/news/goldman-cognitive-dissonance-exists-in-the-us-stock-market-132336034.html) +CryptoHeadZ | Game with Tournaments Ready at Launch! | Tournaments going on every day!! | 💴 HOLD2PLAY Games with enormous prizes 🎮 | BUSD Rewards!!! | 💴 Huge and vibrant community! 🚀 + +&#x200B; + +&#x200B; + +CryptoHeadZ + + + +CryptoHeadZ is brings the NFT, Gaming, and Passive income fusion to make any crypto lover lose their head! The HEADZ community is a proud and active tribe of cryptocurrency traders, developers, gamers, and collectors from all over the world. Whether it is through their addictive games, lucrative giveaways, or inspiring NFT utility, the team is always striving to create the safest and most fun community on the Binance Smart Chain. + + + +PvE-PvP game, CryptoHeadZ allows players to battle against each other and/or computer-controlled characters in real-time, jumping and dodging environmental obstacles and hazards on an ever-growing collection of stages. + + + + + + + +CA: 0xa6308944822D3495DbFC8eFf938778f18207D387 + + + + + + + +Liqudity is locked for 1 year!!! + + + +Token Distribution + +Token Name: CryptoHeadZ + +Token Supply: 1 000 000 000 000 000 + +Token Symbol: HEADZ + +Max Wallet: 3% of supply + +Max TXN: 1% of supply + +Liquidity: To Be Locked For 1 Year + +Contract Address: 0xa6308944822D3495DbFC8eFf938778f18207D387 + +&#x200B; + +&#x200B; + +Tokenomics + +&#x200B; + +Transfer Tax = 0% + +Buy Tax = 8% + +5% BUSD Reflections + +1% Liquidity Fee + +1% Marketing Fee + +1% Development Fee + += 8% + +Sell Tax = 15% + +5% BUSD Reflections + +3% Liquidity Fee + +5% Marketing Fee + +2% Development Fee + += 15% + +☎️ Telegram: [https://t.me/CryptoHeadzENG](https://t.me/CryptoHeadzENG) + + + +So many influencers lined up! Huge Marketing and Business plan ready to execute! Enormous gaming world connections!! + + + +If you are looking for fast money and crypto / NFT gaming, you have come to the right place! + + + + + +🖥 Website: [https://cryptoheadzofficial.io/](https://cryptoheadzofficial.io/) + +🦜Twitter: [http://twitter.com/Headz\_Crypto](http://twitter.com/Headz_Crypto) +❇️$HOPE Token❇️ + +An introduction to $HOPE + +🤝First international charity based cryptocurrency + +Our goal is to help people or charitable organizations to do some good while offering this project more exposure in order to expand our community to an international scale. 🚀 + +Not a deflationary token but there will be a 🔥1% manual burn 🔥for every 1K holders until 10K holders. 🔥 + +✅Team and Devs fully Doxxed +✅ FULLY AUDITED by Techrate. +✅ KYC completed by Pass or Fail Me. +✅ GITHUB is getting done right now. +✅ Arranging AMA session with @amaloversclub +✅ Application for CEX listing in process. +✅ CoinMarketCap listing request filled. +✅ CoinGecko listing resquest filled. +✅ Unirocket coming soon. +✅ And many other things coming soon! Stay tuned ! 🤝👏🏼 +✅ DexGuru listed +✅Promotion of $HOPE on twitter by @Cryptofied1 +✅New charity roadmap in the works + +✳️Total supply: 1 000 000 000 +✳️8% total tax fee on every transaction +    • 5% goes to donation wallet +    • 1% goes to token developement and marketing wallet + • 1% goes back in liquidity pool + • 1% goes to owners and team member’s wallet + +🌐 Website •  https://hope-token.com + +Socials + + 👽 Reddit • https://www.reddit.com/r/HopeTokenOfficial/ + +🐦 Twitter • https://twitter.com/realhopetoken?s=21 + +👾Discord • https://discord.gg/cRRshGdgtx + +❇️ Official channel • https://t.me/Hopetokenofficial + +🔊 Announcement Channel • https://t.me/Hopetokenofficial + +📨 $Hope Telegram channel: https://t.me/HopeTokenChat + +•  Contract verified +https://bscscan.com/address/0x6f2afbf4f5e5e804c5b954889d7bf3768a3c9a45#code + +• Smart contract address: +0x6f2afbf4f5e5e804c5b954889d7bf3768a3c9a45 + +• Poocoin chart: +https://poocoin.app/tokens/0x6F2aFbF4f5e5e804C5b954889d7Bf3768A3C9a45 + +• Pancakeswap link: + https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x6f2afbf4f5e5e804c5b954889d7bf3768a3c9a45 +I was fiddling with my hardware wallet today trying to move all my CRO off the exchange. I noticed a high fee for the move so I had to do some research on how not to pay so much in gas. + +While getting slightly frustrated at the lack of simplicity i realized that the average joe is in no way going to put up with the learning curve to do simple things like transfer money. + +There’s this 45 year old man I work with that has invested in crypto and I told him he should move his crypto off the exchange and into a software wallet. He was taken aback when setting it up and understanding crypto addresses and his private key and asked me to help him through it. I did and he grasped it well enough. But it was by no means as “simple” as a debit card. + +Without going into a million of other examples into how complicated crypto can be, to put it simply, crypto needs to adopt a more streamlined ease-of-use interface or it will never go mainstream. + +I love crypto, but it is too convoluted for its own good. +Having lurked this sub for a while now, I get the strong sense that the general consensus is that most people should be aiming to maximise their additional super contributions below their concessional cap. But what doesn't seem to be talked about as much as it should is the **serious opportunity cost** of contributing additional amounts you will not have access to for decades (with the exception of the FHSSS). + +I get the long term financial benefits of additional contributions: compounding, reduced tax etc. Purely from a financial perspective, it makes *perfect* sense to make those additional contributions. But if you are in your twenties or thirties, I would seriously consider whether the additional amounts you intend to contribute could be better spent or invested in ways that would be most fulfilling to what matters most to you. + +Think about all the expenses that make you happy or fulfilled nowadays - travelling, sports, partying, socialising, learning. Will you be able to engage in those activities in the same way when you are 60+ with (very likely) **radically changed priorities**? For example, most of us will experience health issues by that age and have family responsibilitites (even if you don't, a large number of your friends certainly will). For the vast majority of us, the answer to this quesiton will be almost certainly be a resounding NO. *Some very unfortunate few will not even live to see the day where they will have access to their super.* + +So while its great to have $1 mil of super to retire on when you are 60+, that really needs to be balanced with actually allowing yourself to *live your life in the way that you desire and are capable of right now*. Forgoing additional super contributions also does *not* mean that you won't be able to build a nest egg for retirement. Values have a huge role to play here no doubt. Additional super contributions can be a very rational choice for some people, but I'd like to see more consideration given to the genuine opportunity costs of additional contributions, especially for young people. +I'm struggling for time lately, but at the urging of some great SuperStonk users like u/whatt_shee_said and others, I'm reposting my comment from yesterday. Originally on u/hatter01 excellent post ([The Borrowed Shares we saw from Ortex are Real. \[...\]](https://www.reddit.com/r/Superstonk/comments/yor0gy/the_borrowed_shares_we_saw_from_ortex_are_real/)) analyzing the specific phrasing used by Ortex. + +u/Responsible_Ad_7210 asked: + +> So...I like this info. But if in fact it is real, how was Ortex just able to completely remove the data as if it never existed. That seems like some crazy shit?! + +So I forced together an overview from my research. Forgive my candor, [the reply was written in my downtime between tasks.](https://www.reddit.com/r/Superstonk/comments/yor0gy/comment/ivge4ar/?utm_source=share&utm_medium=web2x&context=3) + +>The shares Ortex showed were the result of Synthetic Prime Brokerage borrows that were briefly uncovered from their balance sheet netting. The borrows disappeared again after new Prime Brokers acquired the accounts, and were able to hide the borrows once again. +> +>Prime brokerages extend credit to traders, making fees by lending them securities or money to invest with. Traditionally this means transferring (hypothetically) 100k shares of GME to a short. The prime broker would then have to hedge the loan by (very roughly speaking) holding another 100k shares to protect against the short losing everything. +> +>Critically, the loan of 100k shares would show on the reported balance sheets of the prime broker (loan) and the short (borrow), impacting the leverage requirements of both. These requirements were increased after 2008, greatly limiting the amount of leverage that Prime Brokers and Shorts could carry on their balance sheets. As you might expect, instead of reducing their leverage to the regulatory limits, they simply found a way to get it off their reported balance sheets. +> +>The answer was Synthetic Prime Brokerages. In this relationship, the Prime Broker creates an account, puts 100k shares of GME inside, and gives the Short Borrower access to trade the account. Like the traditional relationship, the Prime Broker gets paid fees for the loan, and the Short Borrower gets paid on successfully shorting the stock. HOWEVER, the Prime Broker technically never lends the shares to the Short Borrower - the Short is trading the Prime Broker's shares, keeping the profits, and paying a fee for the access. +> +>This means that there is no 100k GME loan on the balance sheets to be reported for the Prime Broker, or borrow for the Short, because the transaction is taking place entirely on the balance sheets of the Prime Broker. At that point, the Prime Broker can conceal any balance sheet reporting of the position by simply hedging the market impact short & long to the extent that it nets to zero. That is to say, how Credit Suisse could owe an entire floats worth of GME, but hide it from balance sheet reporting by purchasing enough far OTM calls AND puts to supposedly net out when GME either goes broke or to the Moon. +> +>Fuck this is too long already... So the Prime Brokers evil shit got screwed because the Borrowers blew up and couldn't close when they went under. This leaves the Prime Broker holding the bag on the account, which has sold short a mountain of GME. On top of that, whatever far OTM puts & calls they're holding to net out the market exposure (& hide from balance sheets), are inherently off - because the metrics for assessing the appropriate hedge to actually reach zero exposure have been corrupted by their very own hidden exposure... not to mention the hidden exposure from all the other Prime Brokers pulling the same bullshit. +> +>Oh God damnit, it's still going. I need a job. Writing DD doesn't pay. Researching financial bullshit doesn't feed my dog. +> +>The fucking loans popped up on Ortex because the struggling Prime Broker was forced to transfer the positions to another Prime Broker. It (hypothetically) started as a loan from Credit Suisse to Credit Suisse (itself, the synthetic position that when netted doesn't appear on a balance sheet). Then Credit Suisse fucked up and needs to move these accounts to another Prime Broker. Doing so revealed the borrows on the Ortex data. New Prime Brokers acquired these accounts and closed the borrows seen on Ortex with synthetic prime positions they can once again conceal. + +Some quick Sources: + +[The Trade News](https://www.thetradenews.com/archegos-collapse-caused-by-synthetic-prime-brokerage-and-risk-management-failings-says-esma/) + +[Hide from balance sheet reporting](https://preview.redd.it/pnyfpmxkrqy91.png?width=795&format=png&auto=webp&s=bdb8be40249498349bcba5e98d1ea8e60f26a3f3) + +[Hedge Fund Law Report](https://www.hflawreport.com/2540016/what-is-synthetic-prime-brokerage-and-how-can-hedge-fund-managers-use-it-to-obtain-leverage-.thtml) + +[Synthetic Prime Broker Relationship](https://preview.redd.it/zkkzdpiasqy91.png?width=803&format=png&auto=webp&s=e73ccdbb24a603b0c9ba94fca0f9cb2638021fc3) + +[HedgeWeek](https://www.hedgeweek.com/2005/09/08/equity-swaps-alternative-trading-equities) + +[Benefits of the Synthetic Prime Broker relationship](https://preview.redd.it/e1bexjfdtqy91.png?width=687&format=png&auto=webp&s=3dc9f87b690746ef106cb9c3de97fd775e430bac) + +Continued + +[Shorts here](https://preview.redd.it/xmlmhxtqtqy91.png?width=676&format=png&auto=webp&s=be2c94defabf28a3d14bb569c5c89f8abf5286ff) + +[Risk .net](https://archive.ph/wp0uU) (archive link) + +[\\"WE TECHNICALLY DON'T HAVE A POSITION ANYMORE\\"](https://preview.redd.it/14ffd3wruqy91.png?width=726&format=png&auto=webp&s=a2e27d64931069cb9430cc76caf3de210caf6547) + +This last source reveals why you can't find the GME short on the balance sheets of Hedge Funds or the Prime Brokers. "WE TECHNICALLY DON'T HAVE A POSITION ANYMORE," per Jon Cossey, Head of Equity Finance at JP Morgan. Almost as good as Ashley Wilson, head of equity finance at Barclays, "leading to lower balance sheet usage, versus cash prime brokerage which records a gross balance sheet use of client longs and shorts." Straight from the mouths of top Wall Street executives. They aren't confessing, they're bragging. + +For those with concerns, want more DD, or appreciate the work - + +>Have a degree in professional writing, done a couple hundred hours of research and sourcing on a thorough DD for financial luddites that provides a more complete picture of the situation GME is caught in. Unemployed though, so time for passion projects (or full responses like above) is sparse. +> +>The money comments are just my internal frustration with spending so much time learning Wall Street's bullshit instead of making cool NFT's or something, but I very much appreciate your supportive sentiment. Definitely reminds me it's important to soldier on with the work. +> +>Here's a reward from where I'm currently at: Market Makers (like Citadel) who depend on high frequency trading have also become increasingly dependent on synthetic prime brokerage services to access/provide liquidity in the underlying because conducting it through the prime brokers books insulates the market maker profits from the fees on all those individual trades. + +Happy to answer questions when I get a chance. +After lurking for years, I finally joined you guys. +Ive been laid off last year due to corona and since then Ive been working 2 jobs just to survive my family. + +Its really rare that I have any money to spend at the end of month, after buying food and supplies, but this February I finally decided to invest 10$ I had set aside in crypto. I know it’s laughably low amount but I hope and one day it’ll grow to something bigger. + +I promised my kids a pizza night if it gets to 100$ so lets hope! + +Thank you for reading my brothers and sisters in crypto. May green be our color. +Guten Morgen to this global band of Apes! 👋🦍 + +What a way to start the week! Obviously the big news of the day yesterday was Citadel's financial disclosure statements, which lay bare their incredible short exposure and show just how close to the razor's edge they exist. These statements are of course heavily manipulated to look as rosy as possible while also being able to give enough cover to the accounting department as to how they arrived at those numbers. What *doesn't* show up in the numbers is that if Citadel were to begin closing their short positions, the prices of the securities they are short would rapidly increase and their short exposure would quickly put them into margin call territory, especially when they only have $4b in net assets against $66b of short positions. If this is the rosiest picture that the accountants could paint, then no wonder Kenneth Griffin looks like he's aged 20 years in the past 13 months. + +Meanwhile, we continue to eagerly await Thursday's Jon Stewart episode, and further aspects of the advocacy campaign that will hit this week. When I browse by new, it's awash with DRS posts that truly have my tits jacked. This week feels great so far, and it's only just started. Prepare your Diamantenhände as we enter another day of trading on the German market! + +Today is Tuesday, March 1st, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$123.40 / 110,19 €** *(volume: 620)* +- 🟥 115 minutes in: $123.30 / 110,10 € *(volume: 610)* +- 🟥 110 minutes in: $123.43 / 110,21 € *(volume: 600)* +- 🟩 105 minutes in: $123.57 / 110,34 € *(volume: 590)* +- 🟥 100 minutes in: $123.45 / 110,24 € *(volume: 587)* +- 🟩 95 minutes in: $123.58 / 110,35 € *(volume: 587)* +- ⬜ 90 minutes in: $123.50 / 110,28 € *(volume: 587)* +- 🟥 85 minutes in: $123.50 / 110,28 € *(volume: 573)* +- 🟩 80 minutes in: $123.64 / 110,40 € *(volume: 475)* +- 🟥 75 minutes in: $123.58 / 110,35 € *(volume: 452)* +- 🟩 70 minutes in: $123.97 / 110,70 € *(volume: 443)* +- 🟩 65 minutes in: $123.71 / 110,46 € *(volume: 443)* +- 🟥 60 minutes in: $123.69 / 110,45 € *(volume: 439)* +- 🟥 55 minutes in: $123.75 / 110,50 € *(volume: 438)* +- 🟥 50 minutes in: $123.80 / 110,55 € *(volume: 430)* +- 🟩 45 minutes in: $123.82 / 110,56 € *(volume: 415)* +- 🟩 40 minutes in: $123.72 / 110,47 € *(volume: 305)* +- 🟥 35 minutes in: $123.69 / 110,45 € *(volume: 304)* +- 🟥 30 minutes in: $123.72 / 110,47 € *(volume: 300)* +- 🟥 25 minutes in: $123.92 / 110,65 € *(volume: 253)* +- 🟩 20 minutes in: $123.93 / 110,66 € *(volume: 252)* +- 🟥 15 minutes in: $123.92 / 110,65 € *(volume: 116)* +- 🟩 10 minutes in: $123.97 / 110,70 € *(volume: 111)* +- 🟩 5 minutes in: $123.69 / 110,45 € *(volume: 109)* +- 🟩 0 minutes in: $123.66 / 110,42 € *(volume: 104)* +- 🟩 US close price: $123.34 / 110,13 € *($123.68 / 110,44 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1199. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I really appreciate this subreddit. Grew up (and still am) poor and bad money management skills (ty mum). I've recently got my first full time salary job and actually having disposable money is a bit overwhelming but I'm determined to pay off all of my debts, not many, but enough to ruin my credit rating and finally start saving so when things do go to shit, I'll be kind of prepared! Thank you to this subreddit on teaching me these things. + +It's wild, a year ago I was jobless, living in a very dodgy 1 bedroom apartment and no licence but now I managed to get a full-time gig, got the car I've always wanted, a mazda3, and finally moving out of my dads place next week. I never thought I'd be in this position considering my family history of Centrelink (welfare), public housing and no-one working at all but we're here. Keep your heads up m8s, things get better eventually even if you can't imagine it ever will. +You know that scene in the Big Short where Michael Burry went through thousands of subprime mortgages in those MBSs? Well in the past 3 hours I'm Micheal Burry and all of you are subprime loans. I had to looked up timezones, I had to looked up options profit calculator, I had to looked up tickers after tickers after tickers... + +Anyway, here goes nothing: + +#BANS + +1) u/SUPERMETABOMB - "We finish red everyday this week or ban me." + +2) u/KawhiLeft - "Green Monday or ban." + +3) u/paperboythegod - "JNUG over 20 tomorrow or ban me." + +4) u/anonymperson - "red tomorrow. ban me if wrong" + +5) u/Jeskers617 - "2 breaker day or ban." + +6) u/Reparian - "SPY will be at least 260 at EOD. Take my word for it. Ban me if im wrong" + +7) u/VladdyGuerreroJr - "Today will finish red OR YOU CAN FUCKING BAN ME FOREVER" + +#DEBTS + +8) u/idieverynightfor8hrs needs to jerks off to bear porn + +9) u/Corte-Real will donates to a charity of the mod's choice + +10) u/verybigly will eat a bull penis + +11) u/legendarygap will shove an entire glass jar into his ass + +12) u/ItsBigLucas will eat an entire Digiorno Pepperoni Pizza on his own + +13) u/vaish1992 will fries his own testies + +14) u/drewthegoat3 will transition to female and put a thumbtack in his dick + +15) u/TheeIncubus will donate $1000 to WSB Charity (Can a mod verify this for me?) + +16) u/ironbassel will vid tape him giving himself a blowie. + +17) u/avaaa96 will suck his own dick and eat his own ass hair + +18) u/scopolamine will pays 100 euros to someone, I'll suggest a charity + +19) We all get to blow u/w_w_j_d_'s wife, horray + +20) u/freebobbyplease will change his license plates to "SPY puts" + +21) u/RetardedPizzaMan will get a WSB logo tattoo (new or old one though?) + +22) u/ThatGuy718 will get a vasectomy + +23) u/MrRichAsian will get a Smokey the bear tattoo + +24) u/Eman2105 will get a spy tattoo + +25) u/StreicherADS will eat a bug + +#PRIVATE-DEBTS + +26) u/philmacrack123 will send a dick pic to u/CandidBig + +27) If NYC announces lockdown within 6 weeks after NYC has over 500 cases, u/SandKey gets banned, else u/ryannayr140 gets banned. + +#ON-GOING + +No ping in this part this time since no one actually owns anything yet + +28) U/tallenuk will eat his own shit if AMD drops below 20 by 3/27. + +29) U/JoshSifuentes will stick a pool ball up his ass if SPY hits 69 by 4/17. + +30) U/Itsybitsyclitty will fuck himself with a dildo if SPY $65p hits 0.10 before 4/17 + +31) U/spaghettislapper will eat a bull penis if GE does not hits $0 in a year + +32) U/GreatQuestion will buy 500 shares of GE if government gave out $2000+ per adult + +33) U/AdjustedMold97 will donnate $10,000 to his local foodbank if his account reaches $20,000 + +34) U/psytokine_storm bets that COVID-19 will hits 1 mil cases outside of China before 4/6 + +35) U/Sightline bets trading will halt before November + +36) U/brekinb will tattoo 🌈 on the inside of his asshole if SPY hits 115 before June + +37) U/_elroy bets that there will be 100,000 COVID-19 cases in US before 4/17 + +38) U/InerasableStain will shove a cucumber up his ass if WMT hits 90 bby 3/27 + +39) U/humm1010 will eats his pubes if SPY hits 320 by 4/17 + +40) U/hihowubduin will get a WSB tattoo if Trump get retested and get the coronavirus + +41) U/tough_statue live stream a video of him stapling his nuts to the wall if SPY hits 205 by 4/1 + +#SHOUTOUTS + +People who got away, these people get a shoutout, but just for simplicity sake I'm not gonna list what they betted, just what they wagered. + +U/brk1sb - His life + +U/duhpolan - His friend eating his pubes + +U/legendarygap - Wipe semen off his cat and lick it off + +U/ya_boi_t-word - Wallstreet bets themed tattooed on his ass + +U/SoundShadowZ - Donates 15% of his gains to WSB Charity + +U/PAPA_JOHNS_ZIMBABWE - lick a toilet seat + +U/HowGreatAreYourDanes - gay bear emoji tattoo + +U/ElTurbo - eating dog poos + +U/jdrhoe - BAN + +U/colxwhale123 - BAN + +U/AlertRanger11 - Snort a line of his grandmas ashes + +U/pinks0cking - Mickey mouse tattoo on his ass + +U/shadylex - Bear tattoo + +U/krt941 - eat his dog's shit + +U/MLGameOver - fist himself on stream + +U/vaultboy1121 - Shit on Robinhood's HQ (At least I think he got away, I don't use RH so I only tried verified through the megathread, If anyone know if RH did shit the bed on Monday please let me know in the comments) + +U/Alabama_Meth_Gator - eat a pound of crickets + +U/lordkemo - eat a live cockroach and puke it out again + +U/Horksurf - blow a load into his ceiling fan + +U/199mx5 - Go into a field and lick a bull's asscheek + +U/Myballzwashott - $100 + +U/CumFlakessOrange - drink his own cum + +U/SESHHHHHHHHHHHHHHHHH - Smoke his own pubes + +U/drewthegoat3 - light a bottle rocket in his ass + +U/ThatOneDrunkUncle - tell his stalker ex his new numbers + +U/fsf__ - Stick a sharpie up his ass + +U/squatracktexter - Tattoo a bull on his ass + +U/HowLongIsWinkersDong - vasectomy + +U/colxwhale123 - "r/wsb" tattoo on his ass + +Hopefully I didn't miss anyone + +Some disclaimers: + +If you bet money it's in a bit of *ehhh* territory, of course it's great when you lose you get to donate to a charity or something, but if you win no one is going to pay you. + +If most of the terms are vague as hell or unverifiable it's just going straight to the bin. + +If your bet is gross stuff get the mods to verify, please don't send me videos of you blowing yourself to me. + +Also I'm fine, I seen some people asking where I've been, had to walk away for a while because of work stuff related to the virus. +Because the company needs to get ahead of the squeeze. They need to lay out the plans for the company growth prior to the stock price hitting BK-A levels and beyond. If they know the shorts are at the end of their rope they have to give reasons to invest in their stock long term post MOASS to get ahead of the insane price levels their stock has traded at because MOASS is a moment and GME is forever. It gives a foundation for plausible deniability and realistic forward movement to make institutional investment more than just “meme stock mania.” Bullish af and you all should be too. +QLC Chain is to resolve the data trust and security problem in the communication industry, it provides network automation of billing/reconciliation/settlement/payment/custody to telecom operators utilising blockchain technology. + +QLC Chain offers telecom operators with inter-carrier connection and financial consultancy services as well. + +From the ledger structure perspective: QLC Chain supports each account to have its own chain of ledger integrated with telecom service capabilities, named the multi-dimensional block-lattice structured ledger. + +From an adoption scenario perspective: QLC Chain’s mission is to create a secure and trusted environment for communication services and to narrow down the digital divide by leveraging Distributed Ledger Technology, enabling everyone to operate and benefit from network services. + +Since few months companies like "China Telecom", "PCCWG", "HCG" or "DC Connect" are doing a POC (Proof of Concept) and are now production-ready, which means that in Q1 2021 first 10+ Telecommunication Provider will go live. + +“MEF attaches a great deal of importance to introducing the standards for the use of DLT for billing and settlement into the digital service provider market which is led by many of our 120+ service provider members. MEF is very happy to have QLC Chain playing a central and invaluable role as a MEF member by bringing DLT expertise and telecom use cases into the MEF membership and specifically to this new standards project.” + +MEF is an industry forum leading the development of a global federation of network, cloud, and technology providers. QLC Chain is developing for MEF standard APi's which are needed for billing, reconciliation, settlement, payment, custody. Member are as example AT&T, China Telecom, China Unicom, Cisco, Ericsson, Microsoft Azure, Orange, Oracle, T-Mobile, Telefonica, Vodafone and many more. + +What comes next? + +QLC Chain will be a real game-changer when LSO Sonata APIs are adopted to a substantial degree across the service provider community. + +In the short term, the benefits to the customers include faster turnaround of quotes, online placement of orders, and faster service delivery. + +An own DEX will be ready too in Q1 2021! +The DEX will be for Telecom Operators and the Billing platform but also for publicly. +The support for QLC ERC20, USDT, Stable Coins and some other pairs will be available. +The DEX is really important, because the telecommunication provider need this platform as example for billing and many more services. + +At the moment a lot of informations are still under NDA and that's the reason, why there isn't much marketing in public sector. Soon after go live with all the products the price will explode, because the Telecommunication Provider have to install an own QLC Chain Node to support and use the blockchain. +This will reduce the supply of available QLC tokens. At least 1 million QLC tokens are required for 1 node and with 120+ telecom providers it will significantly reduce the offer. + +Website: https://qlcchain.org + +Last year in summer QLC Chain was recognized as a leading startup in the telecommunications sector. + +https://www.startus-insights.com/innovators-guide/5-top-blockchain-startups-impacting-the-telecom-sector/ + +A really interesting article about QLC was published in December 2020 on the MEF website about the technology and what will come next. + +https://www.mef.net/billing-at-warpspeed-using-dlt-based-smart-bilaterals/ + +The preferred platforms to buy QLC are Binance and Bittrex. Soon QLC (Q1 2021) will be implemented in Uniswap with the QLC ERC20 Token. + +A lot of more information you can find on following sources: + +Twitter: https://www.twitter.com/qlcchain + +Telegram Official Channel: https://t.me/OfficialQLCChain + +Telegram Community Channel: https://t.me/qlc_traders_unofficial + + +This information is not a financially advise. +Evening fellow moonboys and girls... + +I cannot state strongly enough how excited I am for the Radix DLT project. Currently under the ticker $eXRD, will move to $XRD with a simple 1 for 1 swap once mainnet is out. + +The key to this project is solving the Trilemma, WHILST keeping full atomic composability. This presents the perfect system to underpin DeFI. + +Why is Full Atomic Composability so important I hear you ask. It allows for cross-communication between shards and to be submitted atomically (all at once). Think of arbitrage as one example... where you need to do 2 or 3 transactions simultaneously, with quick finality and small fees. Radix allows for that and this is just one small example of why Radix is literally groundbreaking. + +**If you care about money or even care about just watching DeFI develop with no investment... I urge you to do 2 things...** + +1. Read the whitepapers: [https://www.radixdlt.com/#white\_papers](https://www.radixdlt.com/#white_papers) +2. Watch the YouTube videos on Radix which breakdown what it does. + +**Here's some nice graphics to explain:** + +a) [https://twitter.com/RadBullXRD/status/1365363485312487424](https://twitter.com/RadBullXRD/status/1365363485312487424) + +b) [https://twitter.com/RadBullXRD/status/1363198607206338561](https://twitter.com/RadBullXRD/status/1363198607206338561) + +c) [https://twitter.com/RadBullXRD/status/1363931497468735488](https://twitter.com/RadBullXRD/status/1363931497468735488) + +**Upcoming Schedule**: [https://twitter.com/RadBullXRD/status/1365072001807880196](https://twitter.com/RadBullXRD/status/1365072001807880196) + +The founder is working on #Cassandra, which is a live showcase of a decentralised Twitter to prove the claims. + +**You can keep up to date with him here:** [**https://twitter.com/fuserleer**](https://twitter.com/fuserleer) + +I can't tell you exactly when this will moon, but HODLING is the key on this one. Out of all the projects in Crypto (IN MY OPINION, NOT FINANCIAL ADVICE)... THIS IS THE BEST. +For years I’ve been skeptical of Tesla. I’ve tried shorting it, I bought puts on it, all to mixed success. + +But overall, probably lost 80% of whatever I invested in the short side with respect to TSLA. + +Every time I post here with any mild criticism of TSLA, I get yelled at by people who tell me Tesla is going to dominate the world. + +And today I see Morgan Stanley‘s report, and Tesla up 10% after earnings, and I’m done. + +Not saying I’m gonna go long on Tesla, but no more shorting for me. + +I’m wrong. + +You’re right. + +There. + +I said it. + +Feel free to yell at me some more about how dumb I was. + +You guys did it. + +You changed a Redditor’s mind on something. + +So take my pride, but I’ll keep my wife. Thank you. + +And fuck you - and way to go - to all you assholes driving Lambos who’ve made millions on TSLA with your 💎💎💎🚀🚀🚀🚀✋✋✋. +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. + +(I'm in England) + +So in November of last year I fell off a customer's roof while repairing her chimney (I worked for a small roofing firm). I fractured my skull and developed rapidly expanding blood clots on my brain requiring emergency brain surgery to save my life. I had two more bouts of brain surgery and now half my head's constructed of titanium. I'm a shadow of my former self after the traumatic brain injury I sustained. I remember nothing of the incident (nor anything from the following month in hospital). + +It was mid December that I began to become aware of my surroundings and what had happened to me. I realised at around that point I had grounds to make an insurance claim against my employer because basic health and safety equipment (like scaffolding) was not provided for the job. + +I was told by doctors that I might have to retire before I reach 40 because of the lasting and progressive symptoms of a traumatic brain injury, so I decided at that point I had to go through with an insurance claim in order to give my future self the best possible chances (in terms of both the final settlement and the amazing private healthcare I'm currently receiving thanks to the opposition's insurance). + +My boss took the news of my intention to make an insurance claim very badly. He's taken it as a personal betrayal and done practically everything he can to both spite and disparage me. He's denying that I was even a roofer (claiming that I was just the "van driver" and had never been instructed to use ladders during my time working for him, and that my fall happened because I disobeyed his orders and climbed onto the roof on my own accord). He's invented this "medical history" I have of fainting with the implication that my accident may have been down to that. He's sent me a final written warning for "dangerous practices at work" and for failing to disclose this supposed "medical history of fainting" (that doesn't exist) to him. + +But despite his best attempts he hasn't been able to sabotage my case - it's essentially open and shut. + +The one thing he seemingly has sabotaged, though, is my eligibility for statutory sick pay. When I was cognitively well enough to do so, I offered him a fit note to have him sort out my sick pay, but he knocked that back explaining that he'd need to speak to his accountant before he took anything like that from me. I was in such a fragile state at that point in time that I just had to let it go and focus on my recovery. + +When I mentioned the claim to him he lost his head to the point where I couldn't continue to remain in contact with him. He's a scary and unpredictable bloke, I had to keep my distance from him and attempt to explain the situation to the DWP and hopefully pursue my SSP from them instead of him. + +I started my appeal in April (when I was still employed and receiving weekly blank pay cheques) and after six months of consideration they've just confirmed that I am not entitled to any SSP because I didn't fulfil my duties (during the early stages of my recovery when I was too dazed to know which planet I was on). + +My boss had come to visit me in hospital multiple times during the four months I was in there, he couldn't have been more aware of the horrendous state I was in (both mentally and physically) but he's appealed against my statutory sick pay on the grounds that I didn't meet my requirements by neither providing him a fit note (despite him knocking back my offer of one) nor "contacting him everyday to make him aware of my ongoing sickness", which is true - because I was strapped to a hospital bed being drip fed while relearning how to verbally communicate. + +I technically did not meet my requirements due to the circumstances surrounding both my relationship with my boss and the extent of my injuries, but I find it difficult to believe that I am not entitled to the bare minimum amount of statutory sick pay due to the results of a very bad head injury paired with a very bad boss. + +On the bottom of the letter they've sent me it says that I have one opportunity to appeal their decision before the matter is completely closed. Can someone PLEASE just fill me in with the things to say to the DWP to give me the best chance of claiming back the pittance that I should have received last year? 🙏 +I hit a goal of mine this past week. http://i.imgur.com/4xdJwEZ.png + +I grew up fairly poor and wanted more for myself and my family. I'm 35 now and have been working extremely hard, long hours, stressful jobs, and it's starting to pay off. My wife and I live well below our means and most people have no idea how much I make, or how well we do. Along with that, it's just not a proper thing to do to talk about money, so although this is one of my proudest achievements, it's inappropriate for me to discuss with anyone and I can't celebrate with anyone in real life. I don't even feel right posting on my regular reddit account, so decided to use my throwaway account. + +I had to tell someone, and I have taken inspiration from many people on this subreddit, so decided to post here. Thanks all for the advice and inspiration. +However, a 40% increase in price of ETH (to $1,680) and a 20% decrease of BTC (to $9,000) seems like a more plausible scenario when the world realizes where value has been built and keeps being built... remember, ETH has 30 times more devs than the next crypto... and when it switches to PoS things might go crazy... like 10k ETH by end of year and stuff... + +EDIT: http://www.flippening.watch/ + +EDIT 2: After further looking at the numbers I realized the gap is even smaller than I thought, only a 40% (not 60%) move (20-20, 30-10, you get the idea) will cause the flippening, sell the news event? consolidation for 3 months? what do you think? +I suspect the City of London will find a way around Brexit. And I certainly don't beliebe any European city will rival the City of London in the next decade. But, there is a lot of talk of Paris benefiting from a wounded City. Why not Dublin? They speak English, are more business-friendly and have lower taxes than France. And Dublin does have a nascent financial sector, including an exchange. Importing talent would be quick and more seamless than in Paris. +Bit more information: 29, single, male, casual Disability Support Worker, with an eye on a place I can see myself happily living out my days. Currently with $20k in Unisuper, understand that it's well below average for my age, but I anticipate strong returns to continue in the future. (I sense that my financial health isn't the prettiest right now, but that will change.) + +I don't own property, nor do any immediate family members. The idea of "home" and a place to grow food is deeply emotionally important to me and I believe I've found a place to call it... though where I'm looking, I confidently anticipate that crazy increases in property will further shift the goalposts out of reach. I could have $15k saved by mid 2022, but to have that money from my super in my account now would allow me to start better working toward my goal. + +Don't get me wrong - I love the idea of super and fully understand the imperative to set and forget - but the increases in my potential home's property value will arguably present a better return than even a strong super can. + +EDIT: I understand that in NSW, my super plan is untenable as my contributions weren't voluntary. Any information on other states? + I mean if it's so great long term with 10% yoy average return in the next 30 years, why don't people just load up on leverage and wait for the ultimate return? +I have an opportunity to manage someone else's investments on a fee basis, but this seems likely to be illegal absent licensing. I work in corporate finance and invest as a hobby. + +To those of you that manage other peoples money for a living, what would I need to do to do this properly? +Hello all, + +I'm fairly new to this sub but not quite to value investing. I saw a post recently about the dearth of ideas on this sub and how it's getting flooded with video snippets, so this is my contribution to the cause. + +I have a deeply embedded position in oil that is in small part there because I don't see a lot of viable alternatives. My own purpose for posting this is to get ideas for some alternatives, and to keep myself honest. + +This list is a result of using finviz to spit out a small list of stocks which meet criteria most value investors would consider to be attractive. It is by no means an attempt at holistic analysis...this is more of a brainstorming session. I don't profess to know much of anything about any of these companies. + +https://finviz.com/screener.ashx?v=111&f=fa_fpe_u10,fa_pb_u1,fa_pc_u5,fa_pe_u10,fa_pfcf_u10,fa_quickratio_o0.5&ft=2 + +Criteria: + +* PE < 10 + +* Forward PE < 10 + +* PB < 1 + +* Price/Cash <5 + +* P/FCF < 10 + +* Quick Ratio > 0.5 + +The main goal is to look at cheap companies that don't have much risk of being a going concern utilizing the parameters of a widely available, free tool anyone can access, while keeping the list small. + +The last criteria mainly serves to weed out financials. I don't have much of a desire to look at them, just personal preference. + +Results: + +1) AAWW - Atlas Air Worldwide Services + +2) DDI - DoubleDown Interactive Co + +3) DLNG - Dynagas LNG Partners + +4) GIII - G-III Apparel Group + +5) GLBS - Globus Maritime + +6) GM - General Motors + +7) GSMG - Glory Star New Media Group + +8) NOAH - Noah Holdings + +9) PAM - Pampa Energia + +10) PVH - PVH Corp + +11) QD - Qudian + +12) RLGY - Realogy Holdings + +13) TX - Ternium + +14) WFG - West Frasier Timber + +15) X - US Steel + +16) YPF - YPF Sociedad Anonima + +--- + +At first glance, it's interesting that many of these companies hold brands that most people would recognize. There's GM and US Steel of course. PVH owns Van Heusen. RLGY owns Century 21 and Coldwell Banker. GIII owns DKNY. + +AAWW owns some sort of airline-related business, maybe niche, don't know. + +Won't vouch for the Chinese financials, QD and NOAH. + +Other international stocks, which comprise the majority of this list, include a Canadian timber company, WFG, TX (steel co in Luxemburg), YPF and PAM (Argentinian energy/utility), DLNG (Greek LNG tankers), GLBS (Greek dry bulk ships), DDI (Korean gaming company), and GSMG, a Chinese penny stock, likely a SPAC that may or may not actually exist. + +To me, DLNG looks the most interesting although that may be because I have a bias in energy. Still, this is very early in any sort of investing thesis. If I end up being interested in any of these and do a write-up, I'll refer to this list. + +Thoughts or concerns? Thanks for reading. +I have seen Shopify come up a few times, but to me Shopify is not a value stock, underpriced nor does it have a margin of safety, and even with the recent drop they have doubled since pre covid. + +Not sure why it is being mentioned here at all? Their earning definitely don't justify a $100billion+ market cap and I don't really see what their moat is (if they have one) when there are other companies like Wix and Weebly for example. + +Just because something has large price drop doesn't make it good value. +I can understand why BIG5 trades in a PE around 5. They even have a price to book of 1.01 according to yahoo finance. They make nice money, pay a dividend, but they are shrinking and will go under. I will say they might be potentially a really good cigar butt at some point though maybe currently. + +Another example, big lots, PEG of .88, PE of 5.05, this one kind of fits into the same boat as big5 but I feel as though they have a lot higher outlook at least in the next 10-20 years. They have a p/b of .82 on yahoo finance which I understand could be a low estimate. + +Now for the one that I absolutely do not understand, Urban outfitters. PE of 6.74 and p/b of 1.16 which is higher than the others, but with a considerable benefit. Urban outfitters is very popular. New stores are opening and that likely will not change anytime soon. This might be my little edge in retail companies as a younger person. They are one of if not the most popular retailer for younger men and women. I here people repeatedly talk about the stores and make quite large purchases. I have never heard someone talk about going to big 5. Similarly priced companies are American eagle and Gap both of which if you asked any teenager would be regarded as dying companies. + +Overall I’m unsure why retail companies trade at such low multiples, currently I am eyeing big lots quite hard but haven’t done any deep DD but it feels weird to say that for such a low price Urban Outfitters isn’t atleast something to look at. + +Imagine if someone was selling the worst restaurant in town for the same price as the hot new restaurant that every cool person eats at. +Which one do you guys prefer to use and why ? Also do you guys take the up to date last 3 months diluted weighted shares outstanding or the last ytd (last 6 or 9 months) weighted averaged shares in the 10q for the latest number to use for calculations ? +Hi all + +I am relatively new to value investing. I have been seriously considering going long on KO these days, with a stock valuation at above 4% dividend yield, it sounds like a not-so-common opportunity with this company for value investors. I would be grateful for your feedback, suggestions, opinions. + +Cheers! +I started investing in crypto 2 months ago. Everyone on youtube saying we were early in the run. i was up 2900 in two months .... what other investment in this world would give these returns i told myself... and now, i'm 400$ bellow my investment. I heard about the volatility but DAMN! + +Anyway, i don't give a sh\*t and what else can i do but hodl through this crash... Wish me luck tomorrow and take care of yourselves people! These crashes are not worth stopping life for. Go out and enjoy life. Read a book under a tree and learn to zen hodl. + +PEACE OUT + +\~ZEN HODLER (lol) +It's like a pyramid scheme where everyone is required to shill these worthless assets or else you won't find new people to buy in. I kind of liked the market better when earnings and fundamentals mattered. At what point does this end? + +&#x200B; + +[https://www.currentmarketvaluation.com/models/buffett-indicator.php](https://www.currentmarketvaluation.com/models/buffett-indicator.php) + +&#x200B; + +The buffet indicator is suggesting that the market is currently more overvalued than the peak of the dotcom bubble. I totally believe it, everyone is in the market and I think the end is sooner than many people think. +That’s worrying because the model has been spot on with its predictions of the 2007, 2001, early nineties, early eighties recessions + +https://www.forbes.com/sites/jessecolombo/2019/06/30/current-u-s-recession-odds-are-the-same-as-during-the-big-short-heyday/ +Hey guys, + +As you may have noticed there's been a recent sell off for the stock VERY. Its been seeing massive increases based on news. Well....that is true but you may ask why? If you haven't seen the recent press release news by the company, I will attach the link here: + +[https://finance.yahoo.com/news/very-good-food-company-issues-201600009.html](https://finance.yahoo.com/news/very-good-food-company-issues-201600009.html) + +What this means is there's been a lot of youtubers with a following that claimed to have been promoted by the stock or basically pumping it. Here is an example of someone buying and then dumping with a following on youtube: + +&#x200B; + +1. [https://www.youtube.com/watch?v=jBwbEE0MBxY](https://www.youtube.com/watch?v=jBwbEE0MBxY) +2. [https://www.youtube.com/watch?v=zV1a6IsL2rU](https://www.youtube.com/watch?v=zV1a6IsL2rU) + +&#x200B; + +My two cents: A lot of these youtubers communicate among each other and I believe its a simple pump and dump. The big catalyst is whether the marketing company hired by VERY did pay a youtuber to discuss about the stock which I think is unlikely since yes the stock is a penny stock but their product and growth financially are impressive. If that youtuber lie then you will see a possible lawsuit and SEC going after some of these guys which I hope so cause thats basically the same as inside trading + +&#x200B; + +Please take this with a grain of salt as I'm not a professional in assessing stocks nor is my opinion stronger than others + +&#x200B; + +Thanks +Lots of insider buying, analysts like it, making acquisitions, and it was just approved to graduate from TSX Ventures to TSX (should happen in February). Seems very undervalued to me. + +**Check out these ratios:CTS** + +* Market Cap $400.2M +* Revenue (TTM) $873.9M + +**SHOP** + +* Market Cap: $164.8B +* Revenue (TTM): $3.1B + +**LSPD** + +* Market Cap $7.6B +* Revenue (TTM) $191.7M + +**CGI (GIB.A)** + +* Market Cap: $22.3B +* Revenue (TTM): $12.2B +I wanted to preface that this research is my own and solely based off my experience. I am not a financial advisor NOR would ever tell you to make trades based on my recommendations. I love talking about trading and the stock market and just wanted to share my input and the reasoning behind it. + +This watchlist also does not include stocks that will be gapping up tomorrow morning due to earnings, news, etc. So I will be watching those as well if the setup presents itself and the stocks I have here may actually end up doing nothing. + +A little bit about how I trade. I draw out validated levels of support and resistance on the daily chart. This stuff becomes second nature to do once you’ve been doing it for a long time. I look for at least 3 good highs/lows from historical daily candlesticks that share the same price point as good levels of support and resistance. I’ll even switch to the weekly chart for extra validation. Once I’m done drawing out the support/resistance on the long-term charts, I switch over to the quick charts. These support/resistance levels are reflected on the quick charts. I use the 3-minute and 1-minute chart to make my entries when a candlestick is approaching a daily support level. **This way my risk is low and my reward is significantly higher.** The closer my stop is to my support, the better. But I don’t just jump in. I wait for validation. How did the current candlestick react to that support level? Did it close above it? Was the last candlestick a dragonfly doji stick which can be a bullish reversal? I usually jump in when the first candlestick from the support level makes a new high. This kind of setup requires a lot of patience and determination in your analysis. I hardly ever chase due to fomo because I know that’s not consistently viable in day trading. But back to the stocks for tomorrow. + +Here are the stocks that I think have potential based on the daily chart. If there’s enough volume and if most of them can break the previous day’s high, I think they all have gap up potential and will give opportunities to make money. Whether it holds up the entire day is a whole other story and they very well could be quick pump and dumps. But again, volume is so key. If the stock doesn’t move, all of this is pointless. + +ACB: The $15.70 area is a validated level of support on the daily chart. If the stock can hold above that during pre-market or approach it during regular market hours, it has potential for a move higher. If it can then break the previous day’s high of $16.89, even better. The next level of daily resistance I see is at $19.68. But there’s a mini-resistance level around $17.25 area as well. + +TTPH: Major support around $2.55. If it can hold, with enough volume, next level of daily resistance is the $3.06 area. Plus this resistance level also correlates with the 200-day simple moving average which is a study indicator I have on my daily chart. + +XTNT: Support around $1.50. If it can stay above it and break the previous day’s high of $1.63, there’s a small window to make some profit. The 200-day sma is nearing above, but if it can break through it, could see it going higher. + +BLIN: Support around $1.75. Below that, $1.60. If it holds above $1.60, can see it go back to $1.75 (because once previous support gets broken, old support becomes new resistance). If it can hold $1.75, can see it going to $1.95. + +APDN: Daily support around $10.80. If it can hold, next level of resistance is $11.40 and then $12.00. + +XELB: Support at $0.80. A hold above that and if it can break previous day’s high of $0.88, can see it going to around $1.00 + +ZYNE: Support at $6.35. Next level of resistance at $7.00 + +SNCA: Simply looking for a relief bounce. Support at $0.88. Next level of resistance then at $0.95. Not much of a play but still thought I should draw it out. + +IBIO: This one’s a bit difficult. There’s like a cup and handle setup forming on the daily chart but not ideally the way I want it. If there is any potential, don’t know if it’ll be tomorrow. Could very well come down but see a scenario for it going higher too. Won’t make a call on this until I see a few more candlesticks. +This is more of an appreciation post and a post for those newer traders looking for guidance. There is a lot of fluff out there but I've had some wonderful interactions with 4 redditors in particular that have either offered their expertise in pointing out what my failings are, or bounced charting ideas and market theory ideas off of. Even shared strategies with, and tested strategies together. Trading can be lonely, no one I know can speak about trading in an engaging level IRL. So I also appreciate most people on this subreddit wanting to better themselves and others. Here are some genuine people who are here to help without any hidden agendas (in my order of "meeting" them): + +u/Kant_sleep13 \- Equity trader, creates a daily watch list he posts here and has really useful stickies on his page along with videos. He's a straightforward dude who tells it like it is and doesn't care for nonsense. He's probably not interested in talking to you unless you HAVE A PLAN! When I first started out he taught me about gaps, R ratios, position sizing, and stop losses. I literally wasn't using stops when I first spoke with him. He also turned me onto quite a few different strats such as ORB, 3BP, Triangles, Fades, Breakdowns ect. + +u/zimmertrading \- Options, equities, long term strategies. This guy is young, like 20! But he has his shit together and his level of knowledge of the overall market far surpasses what I am willing to learn right now. He is a statistical based trader as we all should be. Friendly and open to chat, and posts weekly videos about market sentiment. I credit him for driving me to look deeper into ITM/OTM/ATM options, market structure, and since we tested a strategy together, about discipline. It is crazy how two people can have the same exact trading plan laid out for them but different results. It goes to show how important execution and trade management can be. + +u/esInvests \- This guy is also very kind and open to discussing questions, he has made it clear he is here to help. I have asked him a question, and he responded in about 10 minutes with a 5 min video going over my question. He trades options mostly, running modified wheels. His videos have taught me a ton, and they are quick and easy on YT. + +u/UncleRyan79 \- Equity trader, has changed my trading life giving out free material on reddit and his twitter almost daily. He is a really nice guy, who is happy to answer questions. If you check out his page and go through the posts in order, he has a few strategies that have clicked for me. I've surely benefited. + +None of these guys have asked me for anything, and they have all been super helpful in the last 6-7 months. People wanting to help on reddit catch a lot of shit at first, people do not trust them assuming there is an agenda, MODs block them for whatever reason, and people argue with them because their strategies don't match their own. At the end of the day, everyone trades differently. It is based on personality, on how much you can handle risk wise, and how you control emotions, so no two traders are going to be alike. Not everyone is willing to share their p/l, so you got to have a nose for who is taking you for a ride. I've learned different core concepts from each of these guys so even if they were shitty traders, those lessons have helped me become more. + +I can vouch for these 4 if you are looking for no BS content. As always google questions first before approaching them, and also check out their page content before you start asking questions. I'm sure they get a lot of the same ones. I'm also sure there are other helpful folks, but these are the guys that I've come across in my experience on Reddit. Good luck! + +&#x200B; + +EDIT I messed up a number in UncleRyan79's name! Oops. +" Make humanity a multiplanet species!" - Elon Musk. + +\> MultiPlanet Token - Based on Elons new Tweet! + +**100% Rugproof**, check the **Telegram Group** for everythingelse & proofs! + +Amazing name. 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For those of you who aren't familiar with my escapades they are broken down as follows: + +1) I like SFH's in B neighborhoods. + +2) I only buy with Seller Financing and/or Private Lending, never banks. + +3) I prefer the quality of life I currently have which means spending time with my kids, gaming, working on cars, being a terrible Ukulele player and sleeping among other activities. I have no desire to work one hundred hours a week in order to own a private jet. + +I focus on making about five acquisitions a year. I don't advertise, I rarely ever send mail...and when I do it is a single letter to a specific house and life is good. At times I buy fewer than five homes and at times I buy more than five. I'm establish and experienced and due to my ability to create solutions for others people come to me looking to have their challenge solved. + +I apologize in advance as this will not be my typical detailed post because...well...I'm getting tired of writing and I've come to realize text does not do justice to the nuance of these deals. In order to help others learn I'm considering recording audio to tell the story in a better manner. + +On with the show... + +2018 has been a bit of an annoying year. Any serious investor who has been in the game long enough will tell you that you will have dry spells and times when every time you turn around a deal is falling into your lap. + +In January I wrote two of the best offers I've ever written to two different Sellers. The stories behind those offers each are worthy of their own post and I may get around to doing so eventually. + +One was a SFH (still unsold) in which my offer gave the Seller EVERYTHING they claimed to need and would make them an additional $70,000 over the next thirty years. when compared to selling the home for cash now. Crickets. *shrug* + +My next offer was on a small office building...one of the few acquisitions where I really desired the property. It is less than ten minutes from my home and beautiful. The Sellers had an incredibly low basis in the building and, as I discovered upon our first meeting, no one had informed them that they were facing a $100,000 tax bill due to depreciation recapture and capital gains. This killed their original plan. + +My solution ended up providing them with $300 more a month in income than they had been looking for ($2800 compared to $2500) but would also reduce their tax implications significantly and leave an inheritance to their children. The best part of this deal is that I would own the office building and it would result in $75,000 cash in my pocket AND three of my properties refinanced at 7% for thirty years. The Sellers verbally accepted and then...Crickets. The building is still sitting there...vacant. + +Apart from that I haven't been incredibly active this year as my better half was wrapping up her PhD and opening her private practice. However, as always, opportunity eventually came around. + +I've had a duplex and a triplex on a lease option for about a year now kicking off $1,100 a month in net profit. I don't like multi-unit but there is a long and complicated backstory in which I helped the older lady who owned these and in return she asked me to handle the properties when she died...and she did. Her husband wanted nothing to do with the real estate and her three daughters are just trash. + +Along with the duplex and triplex the family owned a nice SFH which I also had an option on plus another nice SFH that I would like to own but never expected them to sell. Late last year the husband reached out to me and asked if there was any way we could cancel the lease options because he didn't want to be responsible for the mortgages anymore. I politely informed him that if he could financially compensate me for the loss of income I'd be happy to...he did not have the cash to do so. + +Fast forward to March and another investor friend of mine asked if I knew of any multi-units available. Even ghetto multi-units in my area are going for $50,000 per unit. I told him that I had two on a long term lease option but if he had a Buyer I would sell them contingent upon the Optionor giving me what I wanted. + +I called up the husband, now sole owner of the properties, and told him I could sell the duplex and the triplex and net him $40,000. He thought that would be a great idea since it would allow him to pay off his house and tractor (not kidding) and have a little left over. + +I let him know that was great but we had to make certain I was compensated and that if he'd sell me the other two homes on terms that I'd release my option on the Duplex and Triplex and get them sold. He thought that was fair and his primary interest was that I could pay off the bank mortgage on one of the homes immediately (which was one of his wants) and I took the other subject to. + +Ultimately who got what: + +My Investor friend, who has brought me some GREAT deals over the years and I have done a ton of business with, received a free deal upon which he made a nice spread as a wholesaler. I had the Seller sign a contract on the Duplex and Triplex with my friendmortg and he assigned them to a Buyer. + +The Seller relieved himself of two properties he wanted nothing to do with and pocketed $40,000 which allowed him to reduce his monthly debt (paid off house and tractor) and have a little left over. Additionally I paid off the mortgage on one of his other homes with private money and provided him with a nice little second mortgage for additional income. + +I received: Two homes that I really like and rid myself of two properties I didn't care too much for. + +Thought Exercise for You: My net income from the Duplex and Triplex was $1,100 net a month. My income from the two homes is $700 a month. What are reasons you could think of as to why I did this deal even though my net income dropped? + +Oh...remember what I said about dry spells and then deals out of the blue? I have two new deals on deck that I expect to close in July and a possible third I'm beginning preliminary discussions on. +The title says 90% of it, I’m just not prepared for how their decline is hitting / going to continue to hit me and I’m seeing them changing pretty quickly. It is years not decades. I have kids and intense work and live in a state of overwhelm. (Even though I have help at home and a supportive partner). We feel close to RE (2-3yrs) but it doesn’t feel close enough. I’m worried something major will happen soon and I’ll just need to quit reactively vs retire proactively. + +Has anyone else faced this debate with respect to parents? I appreciate any advice. My default/inertia/likely next step is to stay on-track; but I’m questioning if I should try a 2-3yr sabbatical or call it early. I think I’m just feeling sad honestly. RE is not going to turn back the clock which is what I really want; but maybe getting more time now will prevent regret in the future? +Why is it considered better to sell 30- 45dte than options expiring in a week or two. Wouldnt we be able to collect more premiums selling weeklies? When we hit a 50% win or lost we could still always roll out or close our trade. +Hello PF, + +I've been renting from the same place for a few years now, and I've always paid them via my bank's "bill pay" which generally just mails them a check. In order to make this process more electronic and simple, my landlord has asked me to pay over paypal, which sounds fair except that it's her personal paypal. + +The Situation (personal info changed): + +- I rent from a real estate company, e.g. Michael Bluth Real Estate + +- My landlord, Sally Sitwell, wants me to paypal her directly at her personal email + +something smells here. is this a bad idea? + + +edit: shit this got a lot of attention. thanks all for the advice! i've determined that lease is god, and if you got a problem with god, you betta renegotiate your deal. +Palantir Technologies + +* Q4 Non-GAAP EPS of $0.02 misses by $0.02. +* Revenue of $432.8M (+34.4% Y/Y) beats by $14.73M. +* Added 34 net new customers in Q4 2021 +* Closed 64 deals of $1 million or more, of which: + * 27 deals are $5 million or more + * 19 deals are $10 million or more +* For Q1 2022, Palantir expects: + * $443 million in revenue vs. $439.62M consensus. + * Adjusted operating margin of 23%. + +For full year 2022, Palantir expects: + +* Adjusted operating margin of 27%. + +Link: [https://www.marketwatch.com/story/palantir-revenue-tops-expectations-but-earnings-fall-short-2022-02-17#:\~:text=Palantir's%20revenue%20rose%20to%20%24432.9,customers%20during%20the%20fourth%20quarter](https://www.marketwatch.com/story/palantir-revenue-tops-expectations-but-earnings-fall-short-2022-02-17#:~:text=Palantir's%20revenue%20rose%20to%20%24432.9,customers%20during%20the%20fourth%20quarter). +I took [a large(er) position in Ethereum](https://www.reddit.com/r/ethtrader/comments/5uv5q4/trading_the_flippening/) one-year ago today. From 13 USD to 942 USD. One of the best speculators on the sub. Believe that. + + + +Stay HODL my friends. +I invested in some copper stocks a few months back, and seeing how volatile it is recently, I feel like I should be worried with the money I invested on it. The prices are going up and down and with the demand for reviewable energy, everything’s going to be messier. There have been issues with the supply recently as well, especially with bigger producers due to issues with miners or because of the restrictions brought about by the pandemic. + +Right now I have some I also have some [Fortitude Gold](https://www.fortitudegold.com/) ([FTCO](https://finance.yahoo.com/quote/FTCO/)). They are a pretty small producer but has no debts and recently increased the monthly dividend they are paying 16.7% to $0.035 per common share, or $0.42 annually. + +I also have [Solaris Resources](https://www.solarisresources.com/) ([SLSSF](https://finance.yahoo.com/quote/SLSSF/)) which I got despite it being risky since it is an exploration. They have positive results with their drilling, and they recently started their maiden drilling at the Warintza South target, targeting the 4th major copper discovery. They also have a massive cash cushion and their cash burn is way under, plus they have about $60 million on the balance sheet right now. I also placed some on [Comstock Mining Inc](https://www.comstockmining.com/).([LODE](https://finance.yahoo.com/quote/LODE/)), and their primary focus of the company’s exploration efforts are their projects in the Dayton Resource/Spring Valley as well as the Lucerne resource area. + +I am not planning to invest on any anytime soon, since I feel a little anxious with all the investments I made seeing how volatile the situation is right now. +This has got to be clear cut market manipulation. I am purchasing this not because it is a MEME stock but because I believe it will be a good long term hold. How is this legal!? + +&#x200B; + +&#x200B; + +https://preview.redd.it/lle6qwrz93e61.png?width=360&format=png&auto=webp&s=d98dec2ad5c1d7a58122c663987865f74dd95de2 + +&#x200B; + +https://preview.redd.it/jmmrkf6z93e61.png?width=415&format=png&auto=webp&s=fc7e2a6e7aa93ea11d3d8f989422bb98ed6000a7 + +&#x200B; + +Edit: After almost a hour the order went through +I know this is probably a bad question, but I don't really know how to get started on this problem. + +I have a lot of non-stationary variables, e.g. price, volume, orderbook size for max bid, etc. They all have different means, different variances, and different rate of change. I want to compare them in such a way that I have a stationary variable. I can think of several ways to do this, but I'm wondering if there's something better: + +1. Compare the oscillators for each variable, e.g. volume RSI vs orderbook size RSI +2. Convert both time series to 0 mean and 1 standard deviation (have to constantly update mean and SD) +3. Compare rate of change for each variable, e.g. volume MACD vs orderbook size MACD +4. Use an oscillator for the comparison, e.g. RSI of orderbook size minus volume + +Is there a "standard" or "best" way of doing this? What are some flaws with the above ways of doing this? +Does anyone here have an experience with their algo messing up and causing big losses? + +I would be curious to hear what you did to mitigate potential for future unintended losses that result from algos not performing as expected. +I have recently been downvoted for saying that you can have all your crypto stolen by someone forcing you to reveal your 12 seed words. Perhaps in more civilized countries robberies and murder for money is not as common but for the rest of us who may not come from places as nice this is a danger. + +Wallets can be recreated with the 12 "seed" words that are used to recover wallets even when lost. If word goes around that you have a lot of crypto the wrong people might hear about it and decide to pay you a visit. You may not know what those words are, or as someone suggest, offer a secondary wallet up instead of the primary one but that's not fool proof. They might decide to actually kill you after giving the secondary or be smart enough to know there should be more and continue asking you for another wallet. They might receive your primary and straight up assume it's not enough and has to be the secondary. + +Yes, this is not a problem now for you and your $4,000 in crypto but 4 years from now you will be the guy who talked about bitcoin when it was 20 times (if being generous) less. They won't know if you sold or not and bad actors will assume you've continued adding funds through out that time. + +Be smart and be safe. Advise family and friends if asked but crypto currencies are big enough now for even your grandmother to have asked you about them. + +Please keep safe, thank you. +[https://www.marketwatch.com/story/gamestop-the-incredible-unshortable-stock-11617659694](https://www.marketwatch.com/story/gamestop-the-incredible-unshortable-stock-11617659694) + + “I mean, we can just \*buy\* the 3.5 million shares before the hedge funds get a hold of them,” posted one Reddit user on Monday. +Hi PF, + +I'm probably in one of the worst places a 31 year old can be, financially. Especially in the Bay Area. I've spent money willy nilly for almost 8 years straight. Now that I want to plan for my future, I'm **absolutely freaking out internally** (as I should be) because of how supremely I've fucked myself over. I've botched it as supremely as Da Vinci drew Mona Lisa. I have a sense of humor about these things, so I've got that going for me, which is nice. Unfortunately comedy isn't the trade I ply, so it won't feed me or pay my bills. This is my roundabout plea for help. What better Xmas gift for myself other than a nice big dose of financial responsibility? + +Here is what I owe (not counting student loans, which is ~20K): + +| Credit Card | Balance | Minimum Pay | APR | +|:------------|------------:|:------------:|:------------:| +| AMEX | 5397.55| 357 | 29.99 +| Chase Frdm | 6300.62| 160 | 19.24 +| Chase Saphr | 19,202.98| 455 | 17.99 +| Barclaycard | 2367.27| 52.65 | 14.99 +| Paypal | 1940.85| 69.43 | 19.99 +| Citi Costco | 7800.33| 199.36 | 17.24 +| Car loan | 444.99| 324.28 | 6.00 +| **TOTAL** |**43,454.26**| **1617.72** | **--** + + +My income is ~5500 a month after taxes (and maxing out my 18K of retirement - which I only did at the beginning of this year when I turned 30). + +Here are almost all my expenses: + +| Expense | Amount | +|:----------|---------:| +|Rent |1900 +|Phone |70 +|Net / TV |200 +|Stdnt Loans|400 +|Minimums |1617.72 +|Car |325 +|Gas |150 +|AMC A List |20 +|Netflix |15 +|Linode |10 +|AAPL Music |10 +|Goo Drive |2 +|Dropbox |10 +|iCloud Drv |1 +|**TOTAL** |**4730.72** + +I'm pretty much left with ~500 after setting aside $250 for food. What I would like is a game plan to get me out of this hole. Ideally something I can check on a daily basis to make sure I don't stray off my track. Maybe a burn down chart? How do I even budget?! I'm so lost and confused, and blaming myself heavily for doing this to myself. I can't talk to my friends about it because this is WAY too embarrassing (and I have this one friend who sometimes tells me he has a problem, which is having too much money and not knowing what to do with it - I told him to go enjoy life - which is the kindest way I can tell him to go fuck right off - and then I feel depressed and miserable that I'm in this situation). Which makes me feel immature for feeling that way, and that makes me more depressed. It's such a vicious cycle that I can't take it anymore. I started reading the book "Your money or your life" and a book title has never hit me harder. + +I know need a side hustle and the only one I can think of is being a Doordash / Uber food delivery person (or take up a job on the weekends or both? I don't know where I can find weekend only gigs though). My car is a 2 seater Miata so I can't Lyft/Uber. + +[It feels like what I need is the help of a financial planner but I can't afford one, clearly. So that's why I'm here.](https://akns-images.eonline.com/eol_images/Entire_Site/201448/rs_500x220-140508105809-tumblr_mf6wvtEUVE1r6w7e0o1_500_large.gif) + + +.... it's 2:25am PST on Xmas Day. I'm so depressed financially it feels like my post is going to sink the bottom and never get any real / substantial help in planning for my future. If that's the case I hope a repost won't have horrible consequences :). Also I feel like nobody would want to be with me (I started seeing someone and I care for them a lot), which is why planning for my future is now the only thing I care about. + +**EDIT**: ... it's 9:15am and I just woke up to shitloads of comments! I'm completely overwhelmed by the support and response, and it will take me some time to grok everything. The amount of support makes me feel like this is not an unsurmountable challenge, which is the best I can ask for at this point. Also /u/ironicosity - I was just sleeping (I posted this and went to bed at 2:30am or later), so I'm sorry I didn't partake in the discussion until now. I'll try to acknowledge comments individually now that I'm awake. Some quick updates though: + +**RENT:** I live in the South Bay in a rent controlled area so moving isn't particularly the best option for me. I'd rather cut my expenses somewhere else, and I can probably get someone to move in with me by March after I donate / sell just about everything I don't need (a laptop, some books, and basic cookware is all I absolutely require). + +**SUBSCRIPTIONS:** I have cancelled all of the subscriptions I can think of except what is noted above. I'm willing to cut out everything but AMC - my date and I are super avid movie buffs and I watch 3 movies a week on a consistent basis, and I don't buy anything from concessions. Outside of hanging out with people it's really the only thing I look forward to. + +**CAR:** I think it would be absolutely stupid to get rid of it. If I were in SF I'd get rid of it in a heartbeat but where I live I find it impossible to get anything done without a car. I used to do it and everything took at least an hour longer. It takes me places that I need to get to and I'd rather use it to get some more money on the side, especially since it's almost paid off. I got it used for 10K with 30K miles on it so it'll serve me well for the next 5 years easy. + +Obligatory thanks for the gold, stranger! Of all my years lurking, this is what gets me gold, haha. Thanks again, whoever you are! + +Old Lady Ape here, + +I have been talking alot about [Direct Registering shares](https://www.reddit.com/r/Superstonk/comments/p0lmzw/how_to_direct_register_shares_for_infinite/?utm_source=share&utm_medium=web2x&context=3), it's [pros and cons](https://www.reddit.com/r/Superstonk/comments/o76au8/direct_registering_shares_what_it_is/?utm_source=share&utm_medium=web2x&context=3) and have tried to bring you factual and well sourced information about why having shares registered in your own name is such a [powerful option](https://www.reddit.com/r/Superstonk/comments/o6o2ok/could_direct_registering_shares_create_a_nuclear/?utm_source=share&utm_medium=web2x&context=3). I've talked about how they are protected more than a cash account because there are many [loopholes to the "custody" requirement](https://www.reddit.com/r/Superstonk/comments/oumz7g/cash_account_shenanigans_allowed_by_the_dtcc/?utm_source=share&utm_medium=web2x&context=3) for brokers so they are allowed to credit accounts with shares that have yet to be (and may never be) delivered. + +But in many ways I think I have missed the most basic information about what makes direct registering shares so powerful, and that is its **transfer agent** super powers. + +# Let's start with a picture: + +&#x200B; + +[The Fraudket](https://preview.redd.it/e6ux230o90l71.png?width=701&format=png&auto=webp&s=49d9e2fdf535750a3f7520b3ea35ac26e5b20444) + +Does that clear everything up? 👀 + +First let's take a look at the circles. Those are the brokers. Don't they look all cute and innocent over there in the non-foolery area? Well, they may not be commiting the murder but they know where all the bodies are buried and they aren't saying a word. + +&#x200B; + +[street name](https://preview.redd.it/tgjkh3nxa0l71.jpg?width=720&format=pjpg&auto=webp&s=0ada9acc9c35d77bd6b7f32c201a813b7ff2b4b5) + +Brokers hold securities for their apes in their street name. The shares are registered to DtCC but entitled to the broker's accounts and since the DTC uses the Fast system to transfer shares, they are subdivided there by "street name" + +[The buck stops at your broker.... remember that](https://preview.redd.it/5xjv1jn2b0l71.jpg?width=765&format=pjpg&auto=webp&s=67b78e7146c1231789a4b1c6559fb6dc6336cc3d) + +Apes are listed on the books of their broker and entitled to their shares. You are a beneficial owner of your broker's entitled shares. If apes have a problem they take it up with the broker, not the DTC and not GME. This includes voting rights. + +&#x200B; + +[The money always makes it through!](https://preview.redd.it/akcmvrrwb0l71.png?width=697&format=png&auto=webp&s=9442920e3dfa384646f54c8599f8a08e7af9c2c9) + +When a trade is made. Apes are in the green triangle on the right (the buyer, apes no sell) The ape money goes around the outside of the diagram. You see they don't mess around with the money. Your money is gone that day! + +&#x200B; + +[The shares go in but they don't come out -- RAID](https://preview.redd.it/klzfni65c0l71.png?width=657&format=png&auto=webp&s=d3edb9c7f8bb694b0d15acc7fd9a7939b00dea00) + +The seller (red) is on the left. Their "entitled" share is sent from their broker into the fraudket of ~~crime~~ Tom foolery through the securities account of a participant who also has their "entitled" shares debited as it travels to the NSCC settlement centers. (CNS, ex-clearing, OW ect...) The NSCC then credits an "entitled" share out of the fraudket and through to the Ape's broker. (It SHOULD eventually, make it through the NSCC up to the DTC where the broker to broker transfer of shares can occur, but if it gets stuck in the OW, or a FTD cycle... who knows how long that will take.) At this point the trade has never reached the top of the fraudket, there still is no change to the Securityholder list and there won't be. + +&#x200B; + +[page break](https://preview.redd.it/4bq4v6jre0l71.jpg?width=742&format=pjpg&auto=webp&s=6f126a69f65f3b7f18e26736a24042183ac7e0c1) + +&#x200B; + +[No Change](https://preview.redd.it/2zsgb9zwe0l71.jpg?width=743&format=pjpg&auto=webp&s=bb179e7430153462ecc502f5e32282ce07a88971) + +# So, what's different about Computershare ♾🏊‍♀️? + +Computershare is GME's transfer agent. The Issuer (GME) communicates directly with the transfer agent. The transfer agent deals with the master securityholder file and the FAST system. + +&#x200B; + +[It's FAST it just feels S.L.O.W.](https://preview.redd.it/58jckgxpf0l71.jpg?width=364&format=pjpg&auto=webp&s=36bfa8549c6318a9e5c9a97831d0d75278766fd9) + +The FAST system is the accounting controls for issued shares registered to DTCC and its participants. Computershare has direct access to this system and can credit and debit the number of issued shares available to the DTCC. + +Let's look at the picture again: + +GME is the issuer and Computershare is the transfer agent. + +&#x200B; + +[That cash money... it still makes it through](https://preview.redd.it/ltw626o2g0l71.png?width=742&format=png&auto=webp&s=726bc26ebae935731d517e5c7aca90636eeec71a) + +Buying is a little different. The transfer agent initiates the buy through their broker using the apes money that goes around as usual or, straight through the DTC, to whoever sells the share. + +&#x200B; + +[I didn't redraw the fraudket, but you remember where it was, right?](https://preview.redd.it/9rj0dgcpg0l71.png?width=709&format=png&auto=webp&s=fe671b9ca84b705464cc39afb98a58b5801dd67f) + +The seller sends the share in to be bought but the sold share cannot come from an entitlement account, it must come from a DTC participant account .. when it reaches a participant account the order is sucked up to the top of the fraudket to the FAST system that debits the participants account automatically... Unless... the share is a marked short or their is some other restriction on the share. + +&#x200B; + +[No shorts allowed, naked or otherwise](https://preview.redd.it/gym1w599i0l71.jpg?width=590&format=pjpg&auto=webp&s=f59aa23760fe2da537abde2882c3fb4b056e88fc) + +&#x200B; + +The Transfer agent makes sure to check because... + +[number of shares registered should match the number of shares issued... how odd 🤔](https://preview.redd.it/j3jmt8xmi0l71.jpg?width=711&format=pjpg&auto=webp&s=6e3f17541ba8b6e6a1aa265aa849ec8c661b044d) + +&#x200B; + +And they better check because this rule comes with actual consequences + +&#x200B; + +[Did someone say buy in?](https://preview.redd.it/ay24w5igi0l71.jpg?width=690&format=pjpg&auto=webp&s=f6abd31887532a2d8e9b72b3a94e415b6e1c3d21) + +Anyways.... I talk too much... + +&#x200B; + +[Well most of them ... at least](https://preview.redd.it/8t6koky9n0l71.png?width=926&format=png&auto=webp&s=d5e12283130923a01d93f2bb7dfba5669bbc87f5) + +I hope this helps you visualize the differences in the processes of a transfer agent buying and a broker buying. A similar process occurs with the transfer of securities from a broker except it skips the market altogether and goes straight to the FAST system pull. + +**TLDR: When you hodl shares in a brokerage, they "entitle" shares to your account but Computershare, as GME's transfer agent, pulls shares directly from the DTC account, skipping the Tom Foolery (or is it Foolery Tom?) completely... but with pictures. Just look at the pictures.** + +I just like the stonk! + +Ape no fight Ape, please be gentle, 🤗💎👐♾🚀 + +Also, thank you to all you apes looking out for each other and keeping all these facts straight. This is confusing business and I love seeing you Apes help Apes😍 + +>**FUD Patrol:** +> +>I am not suggesting that anyone do anything, I am only providing publicly available information for informed decision making. This is nothing but **Buy and Hodl but in my own name instead of the DTCCs name.** **This is not urgent!** Take your time and think it through. +> +>Also, recently there have been a lot of impassioned apes posting about Computershare. I am happy the message is getting out there but there were some apes concerned about the "sudden" influx. I think it seemed "sudden" because it takes a while to register shares and there has only been enough apes registered, recently, to finally make it through to the general ape conciousness. I will admit that this influx made me go back over my research again with a fine toothed comb, and I had others looking at it too, to see if there was anything I missed, but the truth is, all around, this is a very safe method for **forever♾holding shares**. **Not the best for selling**, although you can sell through them or transfer back to a broker to sell. If you have specific concerns, please feel free to discuss them with me in the comments (I am afraid of direct messaging👀) + +&#x200B; + +Sources: + +Thank you to u/bobsmith808 for wrinkly research and u/BluPrince for finding my initial source for this information. And to the pink lady in the wild sub who has done a lot of research on this topic too! Great sticky post over there, if you are interested. + +and u/half-dane for "fraudket" + +Transfer agent SEC doc (chart source) + +[https://www.sec.gov/rules/concept/2015/34-76743.pdf](https://www.sec.gov/rules/concept/2015/34-76743.pdf) + +Transfer agent computershare doc (easier read) + +[https://www.computershare.com/us/Documents/TA\_Overview\_WhitePaper.pdf](https://www.computershare.com/us/Documents/TA_Overview_WhitePaper.pdf) + +rules for transfer agents (not for the faint of heart, but have at it!) + +[https://www.sec.gov/divisions/marketreg/mrtransfer.shtml](https://www.sec.gov/divisions/marketreg/mrtransfer.shtml) +I want to start by saying that I was very irresponsible with my spending for the last 4 years. I was mindlessly using my credit cards and only making minimum payments. I also used 2 different credit cards to make a down payment on my car. Because of my poor habbits I racked up around 75k in debt ( credit cards, car loan, and school loans ) and a credit score in the high 500's. Back in February I stumbled upon this subreddit and saw that it was possible to turn things around and make better financial decisions. From February up until now I was able to pay off 2 credit cards and raise my credit score to a 730. I still owe a large amount on my car and school loans, but I'm in it for the long haul. +Just curious on the progression some of you have had on your FI mindset over time. I started off finding this sub on a lunch break after a bad week at my first job out of college trying to find a way out. I noticed over time I’ve been going through different FI phases that may be relatable to many of you. + +For example I went from save every penny until I can hit leanfire -> let me chill out a bit and enjoy my life while I still try and be frugal -> don’t really think about money much, but am aware of where my money is going (still trying to be a strong saver) and focus more on doing things that I’d be doing anyways if I retired. Shifted from a retirement focus to a safety net focus. + +Probably the most common one I’ve seen: live frugally -> finally hit FI -> quit job and travel for 6months -> thought that all they wanted to do was travel and go through their bucket list -> tired of being on road and just want to stay home -> get depressed and realized they could have done bucket list stuff in free time while working, and realize a big part of their purpose previously was based on their job which they now quit-> self realization and realize FI wasn’t the complete answer to all their problems but can’t ever see themselves working again +As many of you know, we have had historically low interest rates for a long time now. The Federal Reserve has printed money and grown their balance sheet to levels never seen before, and the US is running record deficits at the same time, during a supposed strong economy. This is obviously a cause for concern. + +I recently came across a CNBC video (yes, I know), and the guest, Byron Wien, Blackstone Private Wealth Vice Chairman, had an incredible segment where he explains this issue in just \~2 minutes. Worth a watch - [https://youtu.be/C4QjDJuyfek?t=186](https://youtu.be/C4QjDJuyfek?t=186). Even the interviewers were stunned. + +So what's the plan when the balance sheet expansion and QE4 or whatever you want to call it comes to an end? Buy gold? Buy Puts? Stay invested and average down? + +I'd love to get some discussion going on this. It's a real issue and not something that can be ignored forever. +The amount of work u/derhyperschlaue and I have been doing has been incredibly exhausting. Simply reading the hundreds of comments, the hundreds of PMs and drsgme.org feedback form submissions has been overwhelming. + +I’m just taking a little break right now for a little social interaction with anybody that cares to comment. It will be a short break so if you don’t comment very soon, I won’t be responding to you at all. Just know that I love you and appreciate all of your support. Please, no PMs unless you’re a no-karma ape and are offering to volunteer helping on the project. + +🦍💕🦍 +Mum has just received pension statement and is 1 year away from being able to claim her pension from this pot. + +Pension size is 20k, with contributions of 6k over 6 years. The estimated annual payout is £400. + +It seems crazy to me that she will have to receive her pension for 15 years (and taxed) before she receives just the amount she put in, with her having to receive the pension for 50 years to receive the pot total. + +Anyone have insight on what I’m missing? +https://www.globenewswire.com/news-release/2021/01/04/2152543/0/en/Brookfield-Asset-Management-and-Institutional-Partners-Propose-to-Acquire-100-of-the-Units-of-Brookfield-Property-Partners-Not-Owned-by-Brookfield-for-5-9-Billion.html#.X_MMN-6r7_0.twitter +Received this letter in the post today, and wanted to get others' thoughts on the situation... + +I'm in IT (Software Engineering), and actually thought my deductions were reasonable and can be justified. + +Is this just a hollow threat, or is there something to it? +Are there others here in the same or similar fields that have the same level of deductions? + +https://i.imgur.com/kZ7x4On.jpg +My wife is almost 1 year into a very tough battle with a very aggressive and dangerous brain cancer. We are both in our early 20's and due to her recent hospital stays and treatments across the country, we are living with family, unemployed, and trying to finish school ASAP. I have 3 semesters left and she will graduate in April as she finishes her last semester of coursework online when she is feeling good. I have made it this far into school with 0 loans, but she has ~$19k total in Federal Subsidized and Unsubsidized loans. We are currently also trying to raise our 7 month old daughter. +I have heard that when my wife passes, her loans pass with her. When she graduates in April, the clock will begin ticking on paying back that money, but is it worth it? We have very very limited finances now and survive mostly on my Pell Grant money and generous donations from fundraisers right after she became sick. How exactly would our family finances be effected for the short and long term if we are unable/choose not to make the payments?? + +TL;DR- My wife will likely pass away shortly from cancer. She has ~$19k in student loans. How would not paying off the loans while she is still alive effect the financial future of myself and my daughter? +Hey guys! I just wanted to update everyone on my current situation. + +Here's my last [post](http://www.reddit.com/r/personalfinance/comments/31kgda/im_23_years_old_with_263_dollars_to_my_name_and/), if you haven't seen it yet then I'd ask you to read that first. + +Before anything, I want everyone to know that I'm okay. Thanks for your encouragement and support! + +I made the final decision just two days ago. It was a clear decision. In just a day of being homeless I learned how important it is to plan ahead before making decisions that can ultimately change your life. I learned that there are many people out there who had survived homelessness and had made it into the world of success after many struggles and hardships. I learned that there are those who are willing to give even if they don't have a lot to give. Even if they have nothing.. Just because they want to help from the bottom of their hearts. But most importantly, I learned that **kindness is always there for people who needs it. quote from Sara** + +*So here it is..* + +**I moved back to Texas to stay with my close friend. I'm going to be looking for work in the Houston area and will work till I save up enough for a place of my own. For the time being, I'll be looking up the bus and rail routes on the easiest way to get around as I do not have a car. Everyone, thank you for being so supportive of me. I cannot ask for more.** + +*I just want to thank everyone for their input and advice. You guys are truly awesome and I wish you all the best in life. No matter what you're going through and however hard it may be, never give up. Stay strong and figure things out slowly. Don't think about what you have to do next.. Think about the next best thing to do! You can make it! I'm still homeless in a sense but I'm still going to do what I can and make the best out of my situation while using my resources wisely until I get out of homelessness.* + +**/u/DannMan999 and /u/Sara_Sorta:** For welcoming a complete stranger into their homes and giving me a place to stay for a couple of nights. You guys were awesome! I wish to repay you guys one day with something special. + +**/u/AlmostSurely:** For going out of your way to meet with me. For encouraging me and for telling me about your story of homelessness and what it took to get back on your feet as well. It really inspired me. Also for helping me with some money that ultimately aided in my plane ticket back to Texas. Thanks, brother! + +**Anon:** For meeting me at Barnes and Nobles just to give me some food. That really saved me. Thank you, brother. + +**Anon:** For your generous donation. I'll use it wisely, thank you. + + + + +The Santa Clara startup, created by Nanosolar founder Martin Roscheisen, wanted to grow "real" diamonds in a lab. Unlike synthetic diamonds, these would be hatched from a sliver of a natural, mined diamond as the substrate. + +After two years of experiments with failed diamond-growing reactors, Roscheisen's team says it cracked the code. Now the company claims to be able to grow hundreds of diamonds that are up to nine carats in just two weeks in a lab. + +The breakthrough was enough to convince ten billionaires and members of Silicon Valley tech royalty to invest. + +Diamond Foundry has closed three rounds of financing from individuals including actor Leonardo DiCaprio, Twitter/Medium founder Evan Williams, Zynga founder Mark Pincus, One Kings Lane cofounder Alison Pincus, SUN Microsystems founder Andreas Bechtolsheim, Facebook cofounder Andrew McCollum, former Facebook COO Owen van Natta, Marc Benioff's private-investment manager Mark Goldstein, Sequoia Capital's David Spector, former eBay President Jeff Skoll, Scott Banister, Vast Ventures, and many others. +*In this episode of Due Diligence for kids...* + +# Let's prevent the registered shares to be turned an escape route for shorts during the "Mother Of All Short Squeezes". + +I'm a January pre-frenzy ape. I have registered shares, the ones I'll don't plan to sell in any scenario. They are for me, **forever**, among other things as reminder of this great adventure. And I will probably register more. Registering shares is probably the best idea if you plan to actually hold them ***for real***. Having said that, **I will describe a scenario in which HFs would try to turn the concept of shares "registered** [**for infinity**](https://marketinsider.net/infinite-short-squeeze-explained-blue-appron-case-study-gme-infinite-short-squueze)**" on its head, to make it their best asset against the retailer during the MOASS.** + + +[Among Us](https://i.redd.it/dycuiec1as381.gif) + +I have noticed that the discourse attempting to promote such a scenario started in many posts and comments shortly after the DRS wave began... and continues to reproduce, so I am not talking about a possibility, but an [astroturfer discourse](https://en.wikipedia.org/wiki/Astroturfing) that is [*de facto*](https://en.wikipedia.org/wiki/De_facto) occurring and reaching the sub's frontpage almost every day. **We will call this tactic** ***"the shill funnel".*** + +So, from now on, put yourself *in the skin of the other side...* + + +[- Try tu use a cute animal Tom. I don't know why, but those apes loves animals.](https://preview.redd.it/m9ge2tvprt381.jpg?width=430&format=pjpg&auto=webp&s=50d1b5a5c41732fafb0bad74403dffcc3b604b61) + +# The shill funnel + +***The shill funnel*** works in a very simple way: **using the momentum to register shares for the "infinity" that apes started months ago, "extras" that benefit the HFs more than the retailer in MOASS scenario have been and will be promoted. Taking advantage on those "extras" we will turn the momentum for the "infinity" into a way to "break" o "decrease" the MOASS.** + +***How?*** + +**Simple:** + + +***1. If our biggest fear as Wall Street psychos is an infinite squeeze... We will prevent the apes from registering part of their position for infinity, by promoting among them to register the 100% of their individual shares.*** + +*- But have you lost your mind!? that would cause the MOASS!!* + +*- No. Sooner or later MOASS is inevitable. Our problem is not "IF" but "WHEN & HOW". So* ***promoting the registration of*** ***ALL the shares*** ***of each individual will help us a lot with the following...*** + + +***2. Promote selling from CS during the MOASS.*** + +***If when the MOASS happens we get people to sell us their registered shares, instead the huge amount of rehypothecated shares piled in the brokers, we will get the retailer to give us the best quality fuel they have in their rocket.*** *So instead of having to close positions, which is what the retailer wants, we can continue to cover the rehypothecated shares... and now using nominatives!!* + +*- Wow, man... you are evil.* + + +***3. - Oh yeah. And since MOASS is inevitable, we have to find a way for the retailer itself to be the one to clean up and pay for as much of the mess as possible (mess created by brokers and the HFs), before MOASS finally happens.*** + +*- Definitely you can't do that... those apes have evolved too much!* + +*- Well, of course we can:* ***we boost the urgency for registration, while making the process as difficult as possible in the brokers and at the same time casting doubt about all those brokers as much as possible. This allows you to plant the devil's seed: since those brokers are now seen as untrustworthy and the apes can't transfer/register faster we can suggest here and there...*** ***"you should sell your position and buy it back in CS".*** + +***That obviously screws retail with the taxes, with the price discovery, with their average, and so on... also this play should clean up a good part our leverage problem.*** + + +***4. And in case you hadn't noticed. By doing all the previous we eliminate the "infinity" concept, in terms of a stable proportion of registered shares that, at first, were meant to never be sold.*** + +*And so, in 4 simple* [*social engineering*](https://en.wikipedia.org/wiki/Social_engineering_(political_science)) *steps, you eliminate the biggest threat that a MOASS scenario would create for us.* + +*- Dude, I know I invited you to dinner at home for Christmas, but after witnessing your level of psychopathy I'd rather take it back.* + +*- Thank you! Have you seen my new business cards?* + +&#x200B; + +[You know what the secret ingredient is...](https://preview.redd.it/rgh4srm9ps381.jpg?width=751&format=pjpg&auto=webp&s=1b4ca66dfb63147161d922c92031355412c7e882) + +&#x200B; + +# Conclusions: + +**1st. ✔️ Registering part or almost all your position, if you want to go long and don't plan to sell those registered shares in the MOASS scenario** (this is what I call "*the ultimate diamond hands*")**, is a fantastic idea that IMHO benefits you, the company and the rest of the shareholders.** +**You can sell those few you left in your usual broker(s) for a high price and you are done. In the** [**Game Theory**](https://en.wikipedia.org/wiki/Game_theory) **(the mathematics that governs our bet) this is the best outcome possible** ***for every ape*** **during the MOASS:** [***the Nash Equilibrium.***](https://en.wikipedia.org/wiki/Nash_equilibrium) + +If you find *Game Theory* and the *Nash Equilibrium* boring or hard, I did a meme version, months ago: [HERE](https://www.reddit.com/r/Superstonk/comments/myfilv/a_beautiful_cat_dfv_and_the_power_of_hold_or_the/) + + +[\\"A beautiful cat\\": The Nash Equilibrium Meme](https://reddit.com/link/ra2ws3/video/cgiv7bazfs381/player) + +**2nd. ❌ Registering your entire position and selling it from CS during the MOASS, IMHO, is a huge mistake.** +**It will affect you and the company, it will affect the MOASS and it will affect the rest of the apes.** Again, this is not a advice, but a friendly reminder: leave with your usual broker the number of shares that you plan to sell. Ideally the registered shares should be as stable as possible, that's the idea of the infinity and, of course, it's always the most beneficial for the company itself. + + +**3rd. ❌ Don't sell your position to rebuy in CS!! HFs and Brokers would love that!** +**If you can't DRS from your broker buy a share via Give-A-Share.** That gives you a CS account with your first registered share. Then you can keep buying new ones from there to build your long positiont or transfer there a % of your existing one (if you can't directly from your broker you can use a middle step, as example transfering first to IBKR). + + +**4th. ✔️ Ther GME situation is unique in every sense.** Skepticism and distrust in brokers, market makers, legislators, and so on is obvious and more than justified. That is precisely why **I recommend you to be as suspicious as possible with "prophet users" and narratives that appeal to sentiment, group, urgency, ideology and so on... these topics are easy bait for manipulation that people with as much money as HFs will not hesitate for a second to use against us.** + +# 5th. 🔥 And probably the most important point to understand here. A common shill response to the previously stated is: + +***- bUt sYnThEtIc sHaReS wOrTh nOtHiNg!*** + +# FALSE: + +**✔️ All shares worth the same.** **That is precisely the pill we have to make the HFs swallow. The term "synthetic" is just a popular oversimplification. In reality when we refer to the GME case, what we are talking about is** FTD (failures to deliver) and especially **rehypothecation (multiple borrows over a single share).** And none of both are problem of retailer. + +**Since the over-rehypothecation can end in a way to counterfeiting shares, we popularly call those shares "synthetic". But it's not a synthetic as such.** + +**In terms of MOASS there is zero difference between all our shares... until these are registered, becoming nominal, truly** ***long*** **and not available to short** (supposedly, the same thing that happens when you have a cash account with a broker that does not allow the loan of your shares, but here the shares would be directly in your name). + +**So, none of non-registered shares are "synthetic", but "rehypothecated", and all the rehypothecated shares must be repurchased to close in a MOASS scenario... as long as you don't ruin everthing selling the nominals first, which is precisely what this post is about.** + +So repeat with me one more time: + +# All the rehypothecated shares must be repurchased to close the shorts. + +**Therefore the only difference between retailer's nominal and rehypothecated shares is that the first ones, if never sold, lock the float... which in a MOASS situation would mean an** ***infinite squeeze*****.** + +[Easter egg I just discovered in the game \\"Forza Horizon 5\\", a racing game that was released this November \(2021\): the \\"Stonks\\" horn is earned by unlocking the only car in the \\"Infiniti\\" brand. 👀](https://preview.redd.it/i0dvt3lyjs381.jpg?width=2560&format=pjpg&auto=webp&s=239e3ee8bc93f5f013e75ffd26cc4809a6f410ae) + +**The true meaning and intent of "locking the float" was, is and will be the infinite squeeze... not the one the shills want to give it by dint of repeating the lie of "causing MOASS" (which is not even proven, because it would be a first time and no one knows what can happen).** + + +So, *to infinity and beyond my friends...* + +[***Let's be the game changers!***](https://www.reddit.com/r/Superstonk/comments/npqeho/just_few_days_until_june_9th_apes_are_the_real/) +I'm in my early 20's, making a fair salary, and I'm wondering what you would all suggest I do so that when I'm about 30, I can be happy I did my best. + +I know some of you are older, what would you have done differently? + +For context: + +I don't have expensive tastes, but also I'm no super frugal. I like to spend money on experiences. + +Travel isn't a major concern right now, but I do burn a few K a year usually. + +I have around \~10K sitting in a Commonwealth Savings account doing nothing special. + +Money isn't something I think about a lot. I would honestly prefer to work part-time, so what can I do now to ease the pressure later on? +* 28, single, female, living in Melb inner East +* 67K salary at the moment, waiting for job offer to come through at 80k +* 48k in savings (40 in home deposit, 8k emergency), 1k in etf’s, 36k super +* Generally sitting at 1-1.2k outgoings a month; (this inc. food, fuel, bills, general maintenance of house, fun money, any investments) +* Living at home, my priority is saving atm. I moved back home early this year after 2.5 years sharehousing. It’s my mum and me in the house, father passed away at 10 +* I have one older brother who’s quite savvy financially, good wage, splits time between overseas and melb/qld. The house is owned outright and technically in my brothers name from the will; which he’s used to purchase property in QLD (not sure how this works exactly) + +Just don’t know what my solid goals are financially here, or what’s possible with my finances and situation. I would love to buy a unit, but the commitment and financial stress scares me. + +My plan is to stay home for at least another 10-12 months, save and have at least 8k in etf’s; I’d love to rent a 1br apartment in inner Melb burbs (not keen on share housing again), but I can’t get over that ‘rent money is dead money’ mentality; but at the same time I feel like I’m not really ‘progressing’ with my life in terms of independence and finding a partner; I can’t stay home forever! + +I feel like I’m kind of in a no mans land atm. What would you do in my situation? +“I bought these stocks for a reason because they had great financials and a positive outlook, but now that a couple people in Asia caught a cold I’m going to dump them all for a loss” + +Love the logic. +“I bought these stocks for a reason because they had great financials and a positive outlook, but now that a couple people in Asia caught a cold I’m going to dump them all for a loss” + +Love the logic. +Context: I was recently fired from my job at a factory after 11 years of hard works and perfect attendance. Most people here knows how factory jobs go: they demand more from you at times than you could physically give. So I broke down mid shift after they took away my helper (Our machinery needs at least 2 people at all time to function) and left me all by myself, and this wasn't the first time they've pulled this shit either, hell, it wasn't even the 10th time at this point. I also just learned that my daughter has contracted covid and is going through hell atm. I just couldn't take it anymore and decided I need to go home for the day. + +&#x200B; + +I vented to some coworkers a bit, then cleaned up after myself. I made sure nothing was out of place before I leave, then I'd clocked out. As I walked through the park lot to reach my vehicle, my manager, which I'll call Joe for now, called me and told me that they have fired me because of what I just did. Maybe not a surprise to some of you but it sure was for me when I got the news. I asked him if its ok I can literally just walked back to my station and continued with work but they refused. I was officially fired from my workplace of 11 years just.like.that. + +&#x200B; + +So thats what happened. I've already switched up my health insurance to something much more affordable. I applied for unemployment benefits the week I was fired and it was another clusterfuck but it seemed to work out fine. I checked my mailbox today and finally got a mail from the Texas Workforce Commission, in which they have decided that they couldn't pay our benefits due to, and quote:" Our investigation found you abandoned your last work by walking off the job and/or failing to report for work while work was still available for you. Your reason for quitting was not good cause connected with the work" + +&#x200B; + +What the hell was that last sentence supposed to mean? That's verbatim what was said in the letter. I don't have a lot of savings and if we don't figure anything out soon we might be in big trouble. I've already went around asking for jobs but I know it might take a while before I got any real offer due to the current situation we're in. I'm devastated and I'm not sure on what to do. Am I in the wrong here and should I just suck it up and move on? +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Hey, + +I know this will sound unbelievable and to be honest I still think I'm only dreaming, but 2 days ago I won cca. 42 000$ on a poker tournament. + +I'm 19 years and I grew up in an emotionally abusive family. I wanted to run away ever since I was (like) 12. Money was always the issue. For information, I live in Europe and finding a job in my country is very difficult. But now, I'M FREE. + +Reason why I came to reddit is to ask YOU what should I do with this money? I was thinking about renting a place (250$/month) or maybe even buying a place! + +I'm getting some miserable scholarship (300$/month) because of my social status and good grades. Anyway, in my calculations, I could live for 10 years WITHOUT getting a job!! Of course, I would get employed as soon as I could... + +What should I do? + +Rent? + +Buy? + +Invest? + + +EDIT1: Yes, I'm going to pursue playing poker but I'll keep it with minimum risks. I don't play cash game, only tournaments raging from 10$-200$ buy in. I won't raise that bar and I probably won't play poker till the next big tournament. Poker isn't gambling. Poker is a sport. + +EDIT2: For comments regarding I couldn't live for more than 2 years with 42 000$... Listen, my father and mother TOGETHER earn LESS than 10 000$ a year. COMBINED!! Do you realize that my parents work 4 full years for the money I earned in ONE NIGHT!! We are a 6 member family. Yep, we are poor as fuck, we don't eat meat every day. I know there will be some unexpected expenses, but living for 5 years would be absolutely no problem. Party life and all that isn't really for me, I'm in a long term relationship. + +EDIT3: Regarding family issues. My family is a mess. I don't like them nor they like me. If I left today, I don't even know if they would care. I just don't like to think about them and I try to have a positive view on life, so I wouldn't want to 'cut them off'. Eventually, they would HAVE TO find out how I got the money, they wouldn't be particularly happy about it, but what can they do... IF they found out that I posses this sum of cash NOW, they would turn into wild animals. + +EDIT4: Leaving country isn't an option. My education is here, I can't just throw that away. Yes, I'm in the EU, but in one of those shitty nations. Setting some cash aside only for poker is a good idea. 5k's is a bit too much, 2k. I haven't told anyone. I haven't spent a penny. + +CONCLUSION: Thank You all for your advice, you've been very helpful. + + I thought a lot about what I'll do. My plan is to wait. 2 years ahead I'll see how my college works out. I applied for a professor assistant job on my college, there is a big chance I'll get this job in the next 5 years and once you do get this job - you're financially set for life. If I get the job, I'll move out instantly. Without that job, I honestly think moving away would be (somewhat) a bad idea, but I don't think I'll last for 2 years since I'm living in a very toxic environment. Backup plan is renting a small place (nothing bigger than 30 m2, which would cost me around 150$ a month). Yeah, and I'd had to be very economic, crawling back isn't an option. Waiting begins. +First time poster. I suspect this is the best group in Reddit to share my particular challenge. + +I'm 44, have a FIRE target of 5M USD. Currently at 4.3M. I expect to be able to get to 5M in the next 12 months. I have a well paid job, and I live in a low tax country in the Middle East. Saving 700K is feasible, even absent of investment performance. + +So far, so good. So what's the issue? I'm a senior exec in a global company. I've been in the role for 11 months. It's high profile, and fairly brutal. Relentless pressure, very long hours, working through every weekend, exhausting, and made more difficult by the pandemic and working from home. It's not great for my mental or physical health, and whilst I haven't come close to quitting in the last 12 months, I've had some dark days/weeks. + +Quitting isn't an option. Because it's a high profile role, if I don't last at least two years it will make the news in my industry and will mark me as a failure. I need to hold on to my reputation if I want to do the occasional post-FIRE consulting gig (which I do), but also because I've worked so hard to build it over the years. As a result I feel a bit trapped. Can't quit, need to get through another 18 months or so of brutality before I can throw in the towel (regardless of when I hit my FIRE number). I know that I'm in an enormously fortunate position given my savings rate. But I struggle to get through the week sometimes, and often feel very down. Regular migraines, plenty of anxiety. I'm counting the days/weeks, and keep a tracker for how many weeks left before I can feasibly call it a day. As I said, not healthy. + +There aren't many people I can talk to about it for obvious reasons, and I'm just looking for some fresh perspectives as I put my head down and push through the next 18 months. Some of you will have breezed happily to your FIRE number, but I'm sure some of you had to grind it out as I'm now doing. Would like to hear your words of wisdom. + +Appreciate it Reddit. + +UPDATE: I just wanted to thank everyone for their thoughts and advice in response to this post. It’s been really helpful in maturing my thinking about the problem. I’m relatively new to Reddit and am really impressed by the community and the generosity of its members. Thank you. +Interesting [post on r/Bogleheads](https://www.reddit.com/r/Bogleheads/comments/lidtul/50_years_of_investing_in_the_world/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) +about investing globally. The conclusion seems that a domestic tilt in the order of 20% seems beneficial to reduce volatility due to currency. + +Do you tilt towards stocks in EUR? + +EDIT: Corrected link +I’m a completely inexperienced, late to the game, but want to start making some better decisions in putting money aside and investing for my future. I’m 31 with a modest to low income. Even still I think it’s due time to put money aside. + +I was born in the Netherlands and have dual citizenship with the USA. This seemingly doesn’t allow me to sign up with any investment banks in my country, I’m automatically excluded as a US Person. + +Should I therefore be looking at American banks and institutions and ignore the systems in place in the Netherlands? That also seems be tricky to do from abroad. +Canadian here. I'm curious about getting a small place somewhere in europe and could use some advice. Which countries are the most reasonable to invest in? I was wondering about Italy but couldnt find a good real estate website. I was also wondering about condo hotels. Those seem reasonable. + +Thank you for your time. +***Situation:*** + +1. I net 50,000€/year (8hrs/weekdays as independent contractor) pre-expenses paid in USDC (crypto). However, as average net national income is 12,000€/year, **I currently choose to net 36,000€/year working 6hours/weekdays** for burnout prevention as I never worked on-site with traditional company office hours. +2. **My current net worth sits at 150,000€, no debt, 15% cash (€) / 15% non-stable crypto / 70% in USDC (AAVE APY \~= 2-3%)** as I believe there are major market corrections coming. In my opinion, it could be worse than almost any of the past, not considering the 1929 recession. Like something in-between that and the dotcom bubble - something that could take 7-10 years to recover even with the exponential technology advancement rate. + +***Considerations:*** + +* Can only **maintain the 3 to 4.5x average active income if I'm able to change jobs with ease within Blockchain** (tax optimisation and time taken land another job - this one took 2 months). +* Regarding **passive income**, can only think of **personal branding with easy content creation / no learning curve (no long-format videos)** up to 1hr/day to build an audience I could then market to get passive from. Or maybe just create a course and do targeted paid advertisement. +* As I still live with my family, with my current revenues and expenses, **I am able to invest 70% of what I make and keep 30% all expenses.** +* **Best scenario would be** staying at this one up to 12 months and then looking for another role paying 75,000€-100,000€/year (8hrs/weekdays) having had professional industry experience. +* **Worst scenario would be** geting fired and having a 2-3 month entry on my CV that probably screams failure to HR and interviewers. Reason why deception won't work is everyone asks for previous position referrals. + +***Goals:*** + +* **Have a bunch of liquidity** to pick it up when everybody else is feeling the liquidity pressure. Willing to forgo potential increases until the inevitable recession/s coming + * We haven't had a prolonged one for almost 13 years and the economy has since grown 650% + all the macro + all the geo-political + inflation + supply chain + ... ). + * [Choosing your equities/fixed income split - Index Fund (European) Investor (indexfundinvestor.eu)](https://indexfundinvestor.eu/2019/01/27/choosing-your-equities-fixed-income-split/) + * The link above talks about a 80% Equity - 20% Bonds for someone aged 20-30 years old. + * I am doing the complete opposite as I believe going 80% EQ believing the markets will tank for 7-10 years is not smart since I could have just waited and picked it up even way above the true bottom. +* Create a **REAL scalable passive income stream in order to gradually achieve FIRE.** + * In case of a business, I am willing to forego the 100% passive requirement in the sense that I am **willing to put up to 8 hours per week on it, but no more than that**. + * **Lacking ideas of true passive income** like buying an operational business at a discount or dividend yielding (**distributed dividends in Portugal is a clear no-go due to tax reasons**) + +***Questions:*** + +1. Do you have personal arguments against my strategy of trying to time the market? **I know what the internet says, I want to know your past experience in previous recessions.** +2. What would your allocation be **if you thought there was a MAJOR recession coming tanking the markets for at least 5-10 years, reaching bottom in 2023?** +3. What are your ideas on potential true/next-to-true **high passive income streams**? If relevant, my competencies are in digital marketing and e-commerce management, blockchain and crypto, and my hobbies range extremely (from chess and software development to money management and MMA fighting). I guess community creation can't be done with 1hr/day... +There is a lot of heavy marketing out there concerning the NHR tax regime in Portugal. Most of the websites promote it as an easy way to reduce your income tax to 0%/10%/20% depending on your individual setup. +I've read countless websites and most of the posts i could find on reddit and then realized that there was not ONE person using this succesfully. Maybe they're all to happy to browse reddit but i doubt it. haha + +If you're out there - please speak up! +First let this be a lesson everyone here learns from.. I had very affordable term life insurance but let it lapse because I moved between countries and put it in my "need to do eventually list". In the meantime, I developed cancer - first in 2017, second time in 2018. Now I'm in remission but so far have not been able to get life insurance, not even with an exclusion to not cover cancer related deaths. Overall this was really stressful during treatment to not have this (for my family), and now I still cannot get any coverage. I've been told after 5 years it "might" be an option.. I wanted to see if anyone here has any experience with getting coverage in this situation - maybe certain companies are more lenient or have higher cost options, or offer exclusions for my previous diseases. I asked an independent agent and he didn't even want to talk to me after finding this out. + +Thanks for any tips, and please for yourselves - don't wait to get life insurance! Doesn't matter how healthy you are now, your life can change overnight (mine did).. Get it today! +***Situation:*** + +1. I net 50,000€/year (8hrs/weekdays as independent contractor) pre-expenses paid in USDC (crypto). However, as average net national income is 12,000€/year, **I currently choose to net 36,000€/year working 6hours/weekdays** for burnout prevention as I never worked on-site with traditional company office hours. +2. **My current net worth sits at 150,000€, no debt, 15% cash (€) / 15% non-stable crypto / 70% in USDC (AAVE APY \~= 2-3%)** as I believe there are major market corrections coming. In my opinion, it could be worse than almost any of the past, not considering the 1929 recession. Like something in-between that and the dotcom bubble - something that could take 7-10 years to recover even with the exponential technology advancement rate. + +***Considerations:*** + +* Can only **maintain the 3 to 4.5x average active income if I'm able to change jobs with ease within Blockchain** (tax optimisation and time taken land another job - this one took 2 months). +* Regarding **passive income**, can only think of **personal branding with easy content creation / no learning curve (no long-format videos)** up to 1hr/day to build an audience I could then market to get passive from. Or maybe just create a course and do targeted paid advertisement. +* As I still live with my family, with my current revenues and expenses, **I am able to invest 70% of what I make and keep 30% all expenses.** +* **Best scenario would be** staying at this one up to 12 months and then looking for another role paying 75,000€-100,000€/year (8hrs/weekdays) having had professional industry experience. +* **Worst scenario would be** geting fired and having a 2-3 month entry on my CV that probably screams failure to HR and interviewers. Reason why deception won't work is everyone asks for previous position referrals. + +***Goals:*** + +* **Have a bunch of liquidity** to pick it up when everybody else is feeling the liquidity pressure. Willing to forgo potential increases until the inevitable recession/s coming + * We haven't had a prolonged one for almost 13 years and the economy has since grown 650% + all the macro + all the geo-political + inflation + supply chain + ... ). + * [Choosing your equities/fixed income split - Index Fund (European) Investor (indexfundinvestor.eu)](https://indexfundinvestor.eu/2019/01/27/choosing-your-equities-fixed-income-split/) + * The link above talks about a 80% Equity - 20% Bonds for someone aged 20-30 years old. + * I am doing the complete opposite as I believe going 80% EQ believing the markets will tank for 7-10 years is not smart since I could have just waited and picked it up even way above the true bottom. +* Create a **REAL scalable passive income stream in order to gradually achieve FIRE.** + * In case of a business, I am willing to forego the 100% passive requirement in the sense that I am **willing to put up to 8 hours per week on it, but no more than that**. + * **Lacking ideas of true passive income** like buying an operational business at a discount or dividend yielding (**distributed dividends in Portugal is a clear no-go due to tax reasons**) + +***Questions:*** + +1. Do you have personal arguments against my strategy of trying to time the market? **I know what the internet says, I want to know your past experience in previous recessions.** +2. What would your allocation be **if you thought there was a MAJOR recession coming tanking the markets for at least 5-10 years, reaching bottom in 2023?** +3. What are your ideas on potential true/next-to-true **high passive income streams**? If relevant, my competencies are in digital marketing and e-commerce management, blockchain and crypto, and my hobbies range extremely (from chess and software development to money management and MMA fighting). I guess community creation can't be done with 1hr/day... +Hi, +I want to start 2020 year with going long on MSCI world ETFs. Currently, I'm using more expensive local index funds and I want to reduce the cost that will eat my profits long-term. I'm trying to decide between Degiro and Trading 212 - both available in my country. + +1. Degiro - low/minimal cost broker - monthly free ETF(s) buy/sell (from the list) + 2.5EUR fee for connection with AMS Euronext stock exchange + potential annual fee of 0.1% (announced by Flatex who recently bought Degiro, I think not yet confirmed). + +2. Trading 212 - 0 fees for trading (no limit!) - the only fee I found is withdrawing through bank transfer (5 EUR), which isn't an issue as I'm going to buy for the next decade and withdraw lump sum at once. + +On this subreddit I noticed everyone is recommending Degiro especially when buying from the list of free ETFs, but it seems that Trading 212 is the cheapest option. Is there anything I miss? Shitty support, hidden fees etc.? + +P.S. I just read that Trading 212 allows buying fraction of ETFs/stocks. +I am in my early/mid 30s and have been maxing my Roth/IRA contributions via mega backdoor Roth for a few years and so expect to have a large ($1-2M of principal alone) Roth IRA by retirement age which I don't expect to withdraw from during my lifetime. + +A few questions: + +1. If you have a large Roth IRA (that you are unlikely to need till end of life/30+ years) would you invest it any differently from the usual target date funds/lazy portfolios? E.g. leveraged ETFs, high risk/reward alternative asset classes. What would be some obvious and non obvious investment types to make via Roth assuming I am willing to take on as high of a risk as possible (including 20 yrs of illiquidity risk) as long as there is a potential return? Looking for potentially crazy/uncommon ideas here that I can do more research on. +2. Are you aware of specifics how some people have managed to have large Roth balances? E.g. 314 people have balances above $25M - [https://www.biglawinvestor.com/secrets-of-a-100-million-dollar-roth-ira/](https://www.biglawinvestor.com/secrets-of-a-100-million-dollar-roth-ira/) lists some ways (that I can potentially replicate) but curious about more ideas outside of PE/VC as well as specifics. One specific thing that is unclear is that due to self dealing rules with the Roth IRA, you can't get actively involved, so in an somewhat efficient market, why would someone give you a great investment opportunity if you are going to be passive and just contribute capital? +3. What is a good way to find the best tax planning professionals? I will likely go down this route as my standard way of dealing with lawyers/tax folks is to understand 80% by myself and then use a professional, so that I can verify I am working with someone competent + have a high signal conversation with all good options explored + they do the last 20%, hence looking for ideas here as well. +4. What other questions should I be asking? +I have a babysitter that took care of me growing up. I just found out she has a health problem that could leave her crippled and unable to work. I’m not FAT enough to take care of her completely, but I would like to help out and gift her up to $15k. But I don’t want to mess up her Medicaid / Medicare. Any suggestions on the best way to help out? I was thinking visa gift cards? +I was looking at a few [here](https://www.money.co.uk/savings-accounts/peer-to-peer-savings-accounts.htm) and it got me wondering why I don't see them on here more often. + +If you're looking at 5-11% interest, why aren't they used? I get there's a level of risk, but it seems worthwhile if the loans are secured? + +Would love to get more seasoned investors thoughts on these! +In the process of looking to rip a bathroom out and replace it with another. Had 3 quotes between 3000 and 3500. Just wondering whether you would then try to negotiate it even cheaper from whoever you went with? +April 18th. We're withdrawing XMR from exchanges. Any exchange that hasn't disabled withdraws (which many of them have already), we're pulling our funds. + +"What is, this WSB meets Monero?" you might ask. Yes indeed, and here's why: + +Monero's obfuscated ledger has enabled a number of exchanges to misrepresent their reserves, and sell XMR that they don't actually have, knowing that all too many of us will never withdraw, and no one can see onchain the evidence of their misdeeds. + +Well that all changes in 4 days. We're busy pulling liquidity off exchanges, to force the issue. Already a number of exchanges have frozen XMR withdraws. + +Personally I've got a little side pot ready to go on the 18th. When the tide goes out, we'll see which exchanges serve their customers, and which exchanges abuse their customers. + +Hope you join! Check out the xmrtrader and Monero sub's for more info. +Most of last year, we had a potential crisis brewing with repo, bond yields, and weakening international markets. When the Fed came in and dropped rates three times, and then started 'intervening' in the repo markets, we saw the U.S. markets melt up from October 2019 to January. + +So, basically, this Covid-19 crash brings us back to October 2019 levels when we had all that uncertainty. The foward-looking earnings for Nasdaq entities is now 6% higher than then. Does that, to you, seem indicative of current market health? +EDITED AFTER DECEMBER 15: + +Even though the December 15 "open enrollment" deadline has passed for many states, there are a handful of states that still are open to "open enrollment" for ACA/Obamacare marketplace plans for 2019. + +In other words: In some states, you still have time to sign up for 2019 coverage, so don't give up. Check on the deadline for your particular state of residence! + +Regarding the court ruling that came out in the past few days, the federal government's healthcare.gov website now states: "Court's decision does not affect 2019 enrollment or coverage." +Hello. Basically I’m looking at redoing my Roth IRA. I’ve only had it for a year and maybe I’m being too anxious about it but I just think there has to be better mutual funds or an etf ratio that I could do. Currently I’m with vanguard and I have their life strategy fund. I have and 80/20 mix with stocks being the 80. All I’m wondering is if my investment is smart and I should just stay the course or try a different fund or etf. Any help would do. Thank you. Also I’m not the most knowledgeable in the investment field so my vocabulary isn’t that great. +Thinking about Tron but I am slightly thrown off by the shoddy website design. This may sound silly to some, but when a website has a crap design, I question the integrity of the product itself. I know its selling like hotcakes right now, and I think the product itself sounds awesome... + +Thoughts? +https://www.bbc.co.uk/news/amp/business-56401707 + +How can one create a 'stock market like index' when they do not have any ownership rights over the players - Ponzi scheme written all over it! +I feel like I am the kind of guy that likes to keep working, that I will continue to keep working in some capacity after I FIRE (it will probably be my 50s, before I can). +The thing I keep thinking about what would I want to be / do when I can FIRE - a gardener, own a coffee shop, maybe write books, etc. The things that one might consider lifestyle jobs and lifestyle businesses - the things that generate income, but mostly you are in it for the social interaction, keeping busy / finding value in work, etc. + +I am wondering what others with the same mindset have planned or perhaps even done? Did it work out, did you enjoy it and how is it going? +My mother is diagnosed bipolar, and she has only recently recovered from a 5 month long manic episode, which resolved after a month and a half in care. + +During her illness my mother spent tens of thousands of her savings on frivolous and useless belongings, which filled our home to the brim. There are many more spendings that can’t be traced. She took out loans on jewellery and at the bank to accomodate for this spending, yet she wasn’t paying for rent or any other utilities. + +This has resulted in severe debt to family who helped with loans, the bank, our landlord, the gas company, electricity company and more. She has absolutely no savings left and she can’t go back to work for weeks until medication is regulated. Even when working it would be impossible to pay back arrears on house before eviction. + +We are going to be homeless in a few weeks and I don’t know what to do. We live in Australia. Does anyone have any advice? Anyone been through something similar? + +Edit: My mother and I are overwhelmed with the response. Thank you endlessly. I will try to respond as much as possible but reading it all through now. +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) + [https://www.afr.com/companies/financial-services/how-a-wall-street-titan-issued-a-storm-warning-for-bnpl-20220610-p5asra](https://www.afr.com/companies/financial-services/how-a-wall-street-titan-issued-a-storm-warning-for-bnpl-20220610-p5asra) + +How a Wall Street titan issued a storm warning for BNPL + +*Zip boss Larry Diamond was put on notice about the expansionary mindset that had driven the export of buy now, pay later from Australia to the rest of the world.* + +On a cloudy New York morning last October, Larry Diamond made his way up to the 42nd floor of Morgan Stanley’s headquarters near Times Square. + +With former treasurer and US ambassador Joe Hockey by his side, the 40-year-old co-founder of Zip Co walked along a corridor where portraits of America’s captains of industry lined the Mahogany-panelled walls. He was there to meet another Australian, and another finance chief executive, but one that had reigned over Wall Street for longer than a decade. + +Zip Co was founded by Larry Diamond (pictured) and Peter Gray in 2013.  **Dominic Lorrimer** + +For more than an hour, Diamond told Morgan Stanley’s James Gorman about how Zip, the start-up he co-founded in the eastern suburbs of Sydney, had ridden the global buy now, pay later wave. Diamond had ambitions to expand Zip’s presence all around the world. + +But Gorman’s message from his tower office was not one of ambition, but caution. The dark clouds were gathering. He saw early signs that inflation – absent from the developed world for a decade – was returning with a vengeance. + +The investment bank had begun trimming risk on its trading desks, while Gorman’s line into the US Federal Reserve delivered a clear message: start lifting interest rates, before it’s too late. + +After the meeting, with Hockey still by his side, Diamond called his co-founder Peter Gray, who was holding the fort in Sydney. “There are some clouds gathering on the horizon,” Diamond told him. “We have to shift our thinking.” + +Diamond had received an early warning. Zip was on notice that the expansionary mindset that had driven buy now, pay later from Australia to North America and Europe would soon need to flip to one of capital preservation and risk aversion. + +Inevitably, central banks would heed Gorman’s warnings and unwind their “emergency” settings. Official rates would start to rise, asset prices would fall, funding costs would go up, and consumers across the world would start to feel the pain. The war in Ukraine was the final straw, snapping already jittery bond markets that panicked as the inflationary threat morphed into a full-blown crisis. + +Fast-growing tech stocks, market darlings of the past two years, bore the brunt of the savage U-turn in sentiment – and none more so than the once coveted buy now, pay later sector. Not only was BNPL fast-growing, but as a lender of money it was also exposed to consumer credit; higher interest rates would result in more customers not repaying, and the losses would be forced onto shareholders. + +As this year has progressed, sentiment around the sector has only gotten worse. Not only are higher funding costs and rising bad debts posing a terminal threat to BNPL’s already thin margins, but the honeymoon granted to them by regulators around the world appears to be coming to an end, as mega-tech competitors once again plot an assault. + +With the market’s loss of faith near total, the once-loved sector is now facing its most serious existential threat. And Zip has been the poster child for the loss of faith. + +Its share price has slid 90 per cent since Diamond’s meeting with Gorman in October. This week alone, Zip shed 20 per cent as turbulent markets, posturing from politicians and the unveiling of Apple’s own buy now pay later function made it clear that the sector’s Darwinian moment had arrived, and only the fittest would survive. + +James Gorman, CEO of Morgan Stanley, had a warning for Larry Diamond: inflation is coming. **Renee Nowytarger** + +As the stock languishes at 64 cents as of Friday, it is clear that tapping the market for more equity is no longer a viable option. Zip is aggressively cutting costs, including on staff, and has pared back its growth ambitions, especially in Europe and the Middle East. + +Diamond is under no illusions. Zip must be self-sufficient and rely on the $200 million it raised earlier this year to navigate a path to profitability. + +“That is what the market wants us to do, and that is what we are going to do.” + +Meeting the money + +When an Afterpay delegation first rolled into New York to meet investors way back in March 2019, the market’s message was clear – go for growth. + +Investment bank Goldman Sachs had facilitated meetings with US investors and Australian companies, inviting Afterpay to join the likes of BHP and Westpac. But the stalwarts of the old economy were largely ignored; it was the fast-growing BNPL phenomenon that attracted all the attention from US hedge funds that believed its rapid expansion to take on the traditional credit card industry could rival some of their big tech bets. + +In time, Afterpay’s register was dominated by the so-called “tiger cubs” – an offshoot of legendary hedge fund manager Julian Robertson’s Tiger Management that were released into the wild with his training and some of his capital. + +Robertson was forced to shutter his fund just before the peak of the 2000 dotcom bubble as investors lost faith in his bets on old world industrial firms. His disciples refused to make the same mistakes. The tiger cubs were among the most aggressive backers of disruptive tech. Afterpay checked all their boxes and investors such as Coatue, Woodson, Lone Pine and Chase Coleman’s Tiger Global piled in. + +The tiger cubs are notorious for extensive research and one, Woodson Capital, commissioned a study on Afterpay’s recognition among university-age females. The result was the highest they had received since Facebook. Philippe Lafonte, of technologist hedge fund Coatue, also spotted Afterpay’s surging usage in the firm’s proprietary data. To them, BNPL was a phenomenon and a winning trade. + +UBS analyst Tom Beadle was a lone bear on Afterpay. “It was a bit of an echo chamber,” he recalls.  + +On the other side were short sellers who didn’t subscribe to the buy now, pay later model. To them, Afterpay was a low margin, capital hungry consumer lender – not the next big thing in finance. + +Stuck in the middle were the research analysts tasked with making sense of Afterpay’s numbers – most of whom tended to buy into the fintech dream and the lofty valuations. One that didn’t was UBS analyst Tom Beadle. + +Beadle, along with Jonathan Mott, now at Barrenjoey, [initiated their coverage of buy now pay later darling Afterpay in October 2019](https://www.afr.com/companies/financial-services/afterpay-shares-to-halve-within-a-year-ubs-20191016-p53173) with a price target of $17.25 – half the market level at the time. And since that moment, Beadle has stood as an uncomfortable outlier as Afterpay melted higher. + +At its most extreme early last year, UBS Group’s $36 price target was just a fraction of the most[ bullish Morgan Stanley’s call of $159](https://www.afr.com/street-talk/morgan-stanley-backs-afterpay-to-hit-101-20200708-p55a47), while the median target among 14 analysts was $135. Along with UBS, only Morningstar, and much later US brokers Bernstein, had a sell recommendation. + +“I copped a lot of grief,” Beadle tells *AFR Weekend* in a phone interview to share his thoughts on the state of play in the sector. + +No more so than from New York hedge funds, who had loaded up on Afterpay shares and didn’t take kindly to the broker’s contrarian assessment or his warnings of the competitive, regulatory and macroeconomic challenges the company would inevitably face. + +“It was a bit of an echo chamber: the higher the share price went, the more bullish people got,” he said. + +Now those threats have emerged, seemingly all at once. And buy now, pay later stocks have been battered to near oblivion. + +It’s not just Block and Zip that have sunk on the ASX: Sezzle, Openpay, Laybuy, Splitit, Payright, Zebit and IOUpay have all been pulverised, each losing about 90 per cent of their value as they shrunk to miniscule market capitalisations. Humm and Latitude are also [under pressure and attempting to merge](https://www.afr.com/companies/financial-services/abercrombie-buys-more-shares-to-block-humm-sale-20220606-p5arin). + +Beadle says rising bond yields caused a de-rate of growth stocks, exposing non-profitable tech stocks as top-line growth slowed. “The stimulus has rolled off, that’s driven an increase in bad debts and that in turn creates a circular effect, as they have to tighten lending conditions and that causes further deceleration in growth,” he says. + +Jack Dorsey says the value in Afterpay is its ability to create a digital commerce engine. **Getty** + +In the case of Afterpay, which[ was acquired by Jack Dorsey’s Square (since renamed Block) in August last year](https://www.afr.com/companies/financial-services/block-pays-for-afterpay-optimism-as-results-disappoint-20220412-p5acx3) at the top of the market, the year-on-year growth rates in transaction volumes have fallen well short of the consensus forecasts, from 70 per cent to below 20 per cent. + +In hindsight, he says his analysis of Afterpay was actually too bullish and even though he stood his ground on his valuation, he’d accepted the markets wildly ambitious forecasts on the transaction volumes Afterpay could achieve. + +“With any growth company, it’s virtually impossible to accurately work out what they will look like in the future. The sheer emotion was incredible,” Beadle says. + +“I always thought there was a sustainable business behind Afterpay. But even with Square \[Block\] it’s going to be challenging to break even, and it’s possible Afterpay is going to be an even smaller business than I thought.” + +More significantly for Australian investors, Block’s acquisition of Afterpay [provided a shield from the worst of the BNPL devastation](https://www.afr.com/companies/financial-services/afterpay-to-socialise-block-payments-jack-dorsey-20220506-p5aj1w). + +Although Block has suffered on the market too, the deal has swept Afterpay into a bigger strategy of Dorsey’s to create a “super app”, and to use it to bring together his retailing business Square with Cash App, which has 80 million users – four times as many as Afterpay. + +Yet even Dorsey has struggled to convince investors of the vision. + +Analysts at Jefferies – which had one of the more bullish price targets on Afterpay – told clients on a call last month that they now assigned “0” value to Afterpay in their calculations of Block’s valuation, because of its rapidly slowing growth. + +An emailed summary of the call said the analysts “sounded bearish on BNPL”, also because of rising losses, contracting operating margins and a dependence on funding markets that had turned hostile. + +But a standalone valuation for Afterpay is almost meaningless now that it’s been absorbed into Block, and even if the business itself may have nil value, the Jefferies analysts still believe Afterpay can drive engagement in Block’s Cash App offering, which will be of value to Dorsey. + +Indeed, it is this purported ability to refer loyal and engaged app users into the retail sector that is driving ongoing interest in buy now, pay later. + +History of the sector + +Buy now, pay later has been around in various forms for as long as retail has existed; a furniture store in New York accepted instalment payments back in 1807. + +But Australia can lay claim to birthing the simple yet powerful concept of four equal payments made 40 days apart, digitising lay-by while providing the bought goods upfront to satisfy the Millennial generation’s desire for instant gratification. + +Australia’s dominant banks have watched its rise with varying degrees of scepticism, apprehension, opportunism and awe. + +National Australia Bank’s corporate unit stumped up the funding that kick-started Afterpay’s growth in 2016, while Westpac cosied up to Zip by investing in 2017. More recently, banks have created BNPL products of their own. As recently as last month, [NAB launched its own buy now, pay later product](https://www.afr.com/companies/financial-services/nab-it-now-pay-for-it-later-says-nab-20220525-p5aoks) in response to customer demands to pay in four, following a similar move by Commonwealth Bank last year. + +Indeed, it was CBA chief executive Matt Comyn who felt Australia’s banks had missed a trick. They had failed to appreciate that retailers would be willing to pay 4 per cent of the cost of the goods they were selling if a financier could facilitate an incremental sale. + +Banks were fighting over pennies earned from interchange fees on credit card transactions when retailers were willing to pay big dollars for introductions to retail customers, which the banks had in spades. But they failed to connect the two sides. + +Comyn was determined to take the fight to the BNPL upstarts and [in 2019, controversially teamed up with Klarna](https://www.afr.com/companies/financial-services/cba-takes-on-afterpay-zip-with-new-us100m-venture-20190807-p52emg), Afterpay’s Swedish rival, that had found a second wind by mimicking Afterpay’s pay-in-four model as it moved into the US. + +CBA CEO Matt Comyn: “It’s much harder to find customers if you can’t fund.” **Michael Quelch** + +But three years later, Comyn’s grapple with the nimble fintechs that tried to eat his lunch has come full circle. Now that money isn’t free, it’s the big banks and their big profits that hold the advantage. + +“Large companies have to be able to innovate and develop their proposition faster than start-ups or fintech can actually discover distribution or find customers,” Comyn [told The Australian Financial Review Banking Summit last month](https://www.afr.com/chanticleer/what-us-hedge-funds-told-comyn-about-aussie-housing-20220531-p5aq04), where the future of BNPL was a hot topic of discussion. + +“But it’s much harder to find customers if you can’t fund. So, I think the balance has shifted slightly in the last three to six months.” + +Comyn, however, is more of a believer in buy now, pay later than most. Splitting payments into four instalments might be ubiquitous and unspectacular, but like Jack Dorsey, Comyn thinks the secret sauce of BNPL is the connection between two previously disparate systems – a retail network of spenders, and a retailing sector that wants to make more sales. + +By creating a “marketing and sales engine for businesses”, buy now, pay later will be an important counterbalance to the growing power of Google and Facebook, who extract attractive economic rents from merchants in the form of advertising and referral fees, Comyn says. Markets might have lost faith, but big financial institutions want to use BNPL to become more like the platforms. + +However, they have a lot of catching up to do. Afterpay provides one million leads a day to merchants. Although many see BNPL as a credit product, Afterpay sits in the intersection of payments, credit, retailer referrals and customer engagement. + +“I will leave valuation to the market to determine, but what I am very confident about is we can keep growing exponentially, and we can keep growing at positive transaction margins,” says Afterpay co-founder Anthony Eisen. + +And he reckons there’s plenty of room left to grow because BNPL’s penetration of the $10 trillion online payments market in the US is only 2 per cent. + +One of the big problems for BNPL is that the world’s tech giants are also chasing this prize. Threats of competition have caused wild fluctuations in BNPL stock prices for many years; this came roaring back into the frame this week, [when Apple announced a long-touted move into the space](https://www.afr.com/companies/financial-services/banks-fret-as-apple-s-ties-with-goldman-sachs-presage-a-new-fight-20210716-p58a94). + +Afterpay co-founder Anthony Eisen: “I think it is realistic that we can operate in a very effective band where our losses remain low.” **Eamon Gallagher** + +In front of adoring staff who were basking in Californian sunshine at the WWDC22 developers conference on Tuesday morning Australian time, Apple chief executive Tim Cook said the company would adopt the “pay in four” technique invented by Afterpay. Apple Pay users could spread payments for goods over six weeks with no interest or fees – as part of a suite of upgrades to the iPhone’s operating system. + +The world’s largest technology company was adopting the same psychological trick that entices people to spend more when they pay one-quarter of the amount four times, rather than the full amount once, to drive more volume through its payment wallet. + +Investors in Zip – already under considerable pressure – became fearful. Its shares plunged almost 15 per cent on the ASX on Tuesday, hours after Apple announced its move. + +And Comyn reckons it is “only going to get worse” for the buy now, pay later model – not only from the increase in competition, but the inevitability of growing bad debts. + +BNPL was built on the most benign credit conditions the world had ever experienced. Afterpay was created in 2014 when the cash rate was 2.5 per cent, and during its whole existence interest rates had only fallen – until last month. + +But rising rates will apply a vice to many customers. [Block said in April it had lifted provisions](https://www.afr.com/companies/financial-services/block-pays-for-afterpay-optimism-as-results-disappoint-20220412-p5acx3) for Afterpay’s bad debts from $99 million to $151 million; in February, Zip said bad debts plus expected credit losses had risen 402 per cent in the first half to $148 million, representing 3.3 percent of sales, well above its target of 2 per cent. + +Amy Gavin, senior strategist at fintech consultancy 11:FS, [cited data in the *Financial Times* last week](https://www.ft.com/content/eec93d7c-7037-425a-817f-f1578eeb8a56) from payments intelligence company Fraugster; it estimated that for every $1 billion of transaction volume, buy now, pay later providers had to write down an average of $19.2 million in bad debts, compared with $270,000 for credit card companies. + +Staying sustainable + +One of the biggest tests in the coming years will be controlling credit losses by tweaking rules in the BNPL credit engines that oversee customers’ ability to spend. Declining more transactions will reduce sales volumes while curtailing risky customers will put the brakes on growth. But that is what the market is now demanding. + +With its share price savaged, Zip’s Diamond says the market is still trying to work out whether BNPL margins can be sustainable. However, he insists Zip can hold up its revenue, including by levying more merchant or customer fees if required, with enough of a spread to absorb funding costs and bad debts if they rise. + +“This allows Zip to maintain strong revenue margins while showing continued profitability at the unit economics level to get through this period, and we are very focused on that,” he says. + +“We are going to be making this business self-sufficient – that is the goal. Historically, we invested significant capital into growth. Now by curtailing growth and reallocating resources we can remove any reliance on capital markets, and become self-funding. + +“We raised capital earlier this year that will carry us through to our group break-even point, and we are militantly focused on that.” + +Eisen also emphasises the short-term nature of the loans. When it comes to variable costs, the cost of funding is one of the smallest components and is much less significant than for lenders at longer tenures. BNPL providers also have more control than lenders of large sums of money for a longer duration. + +“I think it is realistic that we can operate in a very effective band where our losses remain low,” he says. “You absolutely have to be attuned to risk in this environment, but I feel good about the fact our model is still less impacted from a cost of funding perspective in this environment, and also we are more adaptive as it relates to risk measures in our systems as our book is shorter and adjustments can be made quicker.” + +The existential question + +Is it credit? From its very inception, buy now, pay later operators led by Afterpay have tried to outrun legislators that have grappled with that very question. Consumer groups have led the charge to regulate buy now, pay later under credit laws since early 2016. Now it looks like the game might be up. The election of the Albanese government last month makes that more likely – although the precise form of regulation is yet to be determined. + +Afterpay’s exponential growth was possible because it operated as unregulated credit; an example of regulatory arbitrage given short repayment times and no interest charged to borrowers, which meant it fell outside the definition of financial product in the law. + +Financial Services Minister Stephen Jones this week said that Afterpay and Zip had provided innovation in the credit market but buy now, pay later should be considered as such. “Can we stop having an argument about whether \[they’re\] credit or not? It really is a dead end street,” [he told *The Guardian*](https://www.theguardian.com/business/2022/jun/08/embattled-buy-now-pay-later-sector-to-be-regulated-under-credit-card-laws). “Let’s start working on regulating \[BNPL\] within the credit space. We welcome the fact that they’ve introduced a code, \[and will\] move to legislate it and fill any gaps.” + +Fiona Guthrie, Financial Counselling Australia CEO: “In calling for regulation we are entirely driven by the casework of financial counsellors.” **Louie Douvis** + +Tougher regulation would arrive after the whole sector fended off the consumer groups during the term of the previous Coalition government, which adopted a pro-fintech approach. In somewhat of a coup, the buy now, pay later industry succeeded in setting up self-regulation via the BNPL Code of Practice administered by the Australian Finance Industry Association. + +But it is not mandatory, and consumer groups say it does not go far enough to ensure providers check the suitability of loans and that customers can afford to repay them. They want the new government to hold an independent inquiry to examine the best form of regulation. The UK government is also planning on a new regulatory regime next year. The sector says it will accept regulation so long as it is proportionate and “fit for purpose”. + +“In calling for regulation we are entirely driven by the casework of financial counsellors,” says Fiona Guthrie, who leads Financial Counsellors Australia. “A couple of years ago some customers had BNPL debts. But now the majority of counsellors say the majority of their customers have BNPL debts, and it is continuing to grow. It was inevitable there would be predatory BNPL companies coming in.” + +‘Threw the kitchen sink at it’ + +“Zip up your spacesuits, we’re going to the moon” was the rallying cry in the ASXBets forum on social media site Reddit, as the locked up generation embraced the stock market in June 2020. + +The pandemic-fuelled interest in Zip shares coincided with a surge in stimulus funded e-commerce transactions that fed its growth. For months, Zip was the most traded security on CommSec, topping large caps giants such as the CBA, BHP and CSL as young traders gravitated toward it. + +But it has not ended well for most. “I was completely convinced of ZIP’s upside and threw the kitchen sink at it,” said one Reddit poster, who admitted his investment was down 80 per cent, or $40,000. + +They can take some comfort that they’re not alone. The tiger cub complex that bet big on the likes of Afterpay have torched billions of dollars in both private and public markets as the end of free money undermined their aggressive investments in all things tech. + +Diamond says it’s been a tough period but urges investors to keep the faith. He says there is opportunity to make loans to middle America as cost of living pressures rise. + +“We become more important for customers during periods of hyperinflation. Providing financial affordability to mainstream Americans is linked to our mission and super important. It’s also a huge driver of why merchants are desperate to add BNPL to their checkout,” he says. + +“Business will continue. We will go through a couple of years of higher inflation. But we have a strong business that underpins our future, and we are very confident about getting through this period.” + +The market has its doubts: Zip’s share price has edged lower, Klarna is facing the prospect of a down round and the debt of US listed buy now, play later player Affirm trades at distressed levels. + +That the sector’s very existence is being called into question the same week that the world’s biggest company has embraced its model once again highlights the paradoxes and divisions of buy now, pay later that have existed since its conception. + +“This is a zero-sum game,” says Beadle, reflecting on the rise and fall of the most divisive sectors in Australian sharemarket history. + +“For everyone that bought into the story above current levels, they are down. And as much as a lot of people made money, a lot of people have lost money.” +My knowledge of year 9 commerce and year 11 business studies aren’t quite coming in handy for this one. As far as I can tell they are adding more shares to be sold at some time in the next week? +Small DD about IXR. + +Company MC: 181m + +Money in bank: 14m + +Current resource: 315mt (66mt indicated) + +News to drop: SCOPING STUDY: I have been waiting 6 months for this baby. The company has been continually producing amazing assay results with both HREO and CREO making up the 2/3 of our basket price. Scoping study should showcase just how profitable this company can become. + +This is due any day this week (meant to be this month) - expect the price to go 6.5+ this week + +Scandium marketing: our byproduct is scandium and while there isn’t a huge industry around scandium, IXR when in production can essentially create the industry. This alone has the capacity to off set opex considerably. Worth having a look at announcements surrounding this. News on this marketing can drop any day + +Drilling the east and across all tenements. We have 5 licensed tenements and while the majority of drilling has been across 4, the 5th on the east from electro magnetic survey looks incredibly juicy. These surveys haven’t proven to be wrong yet so going by them, it’s looking like we may increase our resource by 50% potentially. That would make us 450+mt!!! + +Basically we are a clay based resource that will be cheap to mine both in capital and operational costs. + +Positive govt who want to make an industry in their country + +And biolantinos (a clay based rare earth resource based in Chile sold for 89,000,000 for 20mt at a lower grade than ours. We are 15x that size with potential to be 22.5x so do the math on that 🌝 + +TLDR: IXR has scoping study due March +Big rerate coming imv +Still cheap to get in ⚡️ +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 /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/ywAGqfUAQE) +Hello??? + +&#x200B; + +What??? The???? Fuck???? + +&#x200B; + +Hearing after hearing, the same nonsensical discussions about unrelated topics, while pretending to "act in the best interest of retail investors"? What the actual fuck is the deal here? Lengthy, and shitty discussions about Payment For Order Flow (PFOF) are an age old issue that this incompetent set of congresspeople have been debating without actually offering any solutions for a long, long time now! This hearing isn't about PFOF, yet 90% of what they talk about is that. GTFO. + +&#x200B; + +And "**protecting retail investors from themselves**"... ?????? Excuse me? Who on earth are you to enforce protection on **me** by *actually* attempting to regulate how I make my own decisions about investing my own money? The actual audacity of these people to sit here publicly and parade around trying to make us (retail investors) believe they know whats best for us? Get off your sky-high horse you pompous ass clowns. + +&#x200B; + +Instead of circle jerking, address the manipulative practices that are clear as day to the public, and that are the fundamental reason why retail investors **ALWAYS** lose, compared to institutions and SHFs. Talk (in depth) about dark pools, the privileges MM and institutions get when compared to retail investors, the fact that HFT is even a thing that's allowed and barely (if even) regualted. Talk for fuck sake about the system that is in place that clearly allows a security to be blatant over-shorted more than 100%. How about you address that issue instead of making a case for why shorting is important... I want to know how a system, that you (GG) keep insisting works as intended, allowed a company to be shorted more 100% of its float to begin with, and how on earth it is possible for the culprits to be allowed to continue doing this (who BTW are the sample people \*shitadel\* that route our orders and can hedge their own investments by seeing our order flow... like who the fuck allowed that?). + +&#x200B; + +As Mark Baum so expertly stated in *The Big Short,* **"Responsible... Nobody is acting responsible! Fuck responsibility. Are you kidding me?!** This entire hearing has been the enactment of this statement. They are trying to portray that they are acting responsible, when in actual fact they are just shoveling shit around the room. + +&#x200B; + +The role of the SEC is to ensure the **MARKET** is regulated and fair. It's job is to ensure the **MARKET** functions in a just and un-manipluated manner, so that all participants that partake in the so-called "**FREE MARKET**" can do so equally and fairly. + +&#x200B; + +&#x200B; + +# You're role is not to regulate how or where I get my information from. + +If you really cared, you would be 100% transparent about all data that is available to corporations and institutions that retail investors can only dream of having access to. Regulate that you bunch of bitches. Freedom to information should be your focus because if all information is publicly available, then bad actors cant hide behind veils of lies. + +&#x200B; + +# It is not your role (or anyone else's for that matter) to decide on my behalf how I should be spending my money. + +It's my money. Fuck you. You're not a financial advisor. You're there to regulate the **market**. GET YOUR FILTHY PAWS OFF MY MONEY and do your bloody job. + +&#x200B; + +# WTF is this? + +&#x200B; + +If i want to go onto Robinhood and spend my self-amassed fortune on a penny stock, then who the hell are you to tell me I can't? It's supposed to be a fair market. The only regulation that is required is the disclaimer that my capital is at risk when I invest. That's it. Retail investors are not toddlers who need their hand to be held. It is literally in the worst interest of retail investors to be regulated to the point where all our decisions are being made by clearly incompetent, disconnected-from-reality, selfish older people who are in a circle jerk with the bad guys. + +&#x200B; + +It's utterly infuriating that retail investors have to sit here and put up with this display of incompetence. I don't give a shit about Gary Gensler, and frankly, anyone that puts him up on a pedestal should feel ashamed because that's the problem here. Stop worshiping people like him (I have nothing against him personally, but he's the SEC chair now, so fuck that) because that's how politics works; they make promises that lure you in to win your support and then time passes without any beneficial results. It's politics 1-on-1. This isn't news. Be objective, and judge politicians (and any people for that matter) based on their actions only. **Words mean nothing, when you don't act. If promises are all you can make without following through, then you're worse scum than a blatant liar.** Therefore, until I see GG making some meaningful changes to directly address the **blatant market-fucking-manipulation** that we have seen with GameStop, I am not going to cast any favor towards him. + +&#x200B; + +&#x200B; + +Screw these people. Stop hyping shit up. Stop agreeing to put dates on things, and then putting dates on shit anyway. Stop being sheep. These people may *say they care about you*, but their actions speak louder and to the contrary. I have no hope for this hearing to provide any benefit to retail investors, and if anything the tone seems to be in favor of **increasing** regulations on retail investors freedom to invest freely, instead of regulating the bad actors that run the market and manipulate it to make a profit. As always, the little guy is bound to lose if we got through this broken system. Only solution in my eyes is the age old fact-based conclusion of all the DD: + +&#x200B; + +# BUY & HOLD. +Citadel has taken a huge blow because of their BBBY short position. They lost a fuck ton of money today (actually it's just their assests that have a lower value now, but that doesn't matter). To continue to be able to cover their GME shorts, they have to lower GME price. Ryan Cohen is firing at them. If he continues to shoot at them, the critical mass will be reached at some point, where citadel can't cover anymore and has to close. + +This is all the confirmation I need, because I am fucking retarded. + +HODL +I am 24 (going to turn 25 soon) and after college I accepted a job that completely ruined me. I started to get extremely bad depression and anxiety and had to quit. I was unemployed for around a year (working side jobs like DoorDash) and accumulated a lot of debt from that - a little over $15,000 + +In October last year I got a new job making $63k and about a month ago they raised my salary to $90k. 🥳 So, I have been making very aggressive credit card payments since I got my raise, but my interest is 21%... It seems like whenever I make a credit card payment, I get hit with $250 worth of interest. It's a never ending cycle and it is so discouraging. + +I recently have been looking into getting a personal loan and I have found two really good options with Upgrade. Both require me to give up my car title as collateral. My car is fully paid off and is probably worth around $10,000. My APR would be around 9%, which would greatly reduce my stress. I kinda just wanna know though - is this a good idea?? + +I can also do a personal loan with my debit card company (TD Bank) for 13% APR, without my car title as collateral. Upgrade is offering me a personal loan without collateral for 12% APR. + +I have not added to my CC in around two months and I can truly say I do not think I will fall back into CC debt if I did take a personal loan out to pay for it. I have been on a very strict budget with myself and with my new income - I can comfortably afford all my bills. + +For the 36 month option, the payment would be $450 - which I can make. For the 60 month option it will be $250. A part of me is wondering if I should go for the 60 month option just incase there's a month or two where I cannot make the $450 payment or if something were to happen with my job (which I doubt will happen but you never know) What are your thoughts? Should I use my car title as collateral? And which month term should I make? + +Edited to add: I really don’t need your judgement or comments about my situation or “how did you get into that much debt?!!!” What’s done is done. I don’t need to be told that I’m a POS for even having debt when we’re living in a year of rapid inflation. Congratulations if you feel like you wouldn’t have this problem. That does not help me in any way. I just wanted advice on how to cut down on the interest, not opinions. +My wife and I just bought our first home, we have a $200,000 ten year mortgage at 2.3%. We have an extra $100,000 that we can put directly against the principal on our first payment while still leaving a $20k emergency fund. We bring in \~$140k after taxes and maxing out our retirement accounts. Should we crush the mortgage early or invest in ETFs or Mutual Funds? Or should we split the difference? +My partner and I (both 27) are in the fortunate position that we can afford a good size family home in the next year or so. However, we don’t yet have any plans to start a family though this may come in 4-5 years or so. + +By the end of next year we will have combined earnings of ~£150k and a deposit of £150k. + +My question is should we buy a 2-bed home (£450k) next year with the expectation of probably moving again in 4-5 years when we want to start a family. + +Or should we buy a 3/4 bed house (£700k) next year with the expectation that we would live there for at least 10 years. + +What would make the most financial sense? Moving twice will incur legal costs and stamp duty but living in a big home will attract greater bills, maintenance etc in the first 5 years. +Edit: Changed flair to speculation to stop making people so angry... + +TLDR: RC has been pointing us towards swaps a lot and his 741 references are no different. The SHF swap will be maintained so long as 1 GME does not exceed 7 Popcorn. A thus 741 is born... + +Edit: The swap has turned negatively for the SHF, in our favour as of the 1st of April. + + +Over the last few weeks there has been more and more DD on the suspected Total Return Swap that entangles our beloved GME and popcorn. Now I won't pretend to know anything about swaps even after reading all the DD. What I do have is a theory that strangely ties in for a few of the calculations I've done. + +The 741 theory has been flying around for months of not going on years now but no one ever seemed to find a definitive answer for it as RC continued to drop 741 hints with every failing theory that fell by the wayside. + +My theory is that for the hedgefunds total return swap to stay in the positive, the value of 1 Gamestop share can never exceed the value of 7 shares of popcorn. This also ties in with the market cap theory that has been discussed. + +Take the 29th of March as an example of maintaining the swap. Popcorn closes at 29.44 and Gamestop closes at 179.90 + +Popcorn 29.44 x Outstanding Shares (513.33) = 15.112bn Cap + +Gamestop 179.90 x Outstanding Shares (76.13) = 13.695bn Cap + +Swap still in the positive for hedgefunds, but also an easy way to work that out is... + +7 shares of popcorn at 29.44 = 206.08 + +Gamestop exceeded the value of 6 shares of popcorn (176.64) but not 7. Cohencidence? + +Someone mentioned that the swaps blew up recently when Gamestop Market Cap exceeded Popcorn's. It's no coincidence for me that during that time, Gamestop has exceeded 741 on Popcorn. + +I belive that we have been locked in this swap with SHF maintaining it since the 2nd of June 2021, when popcorn made it's big move where it closed at 62.55. + +I believe that was swap turned negative on the 1st of April because Gamestop closed above 7x popcorn. + +31st of March: +Gamestop = 166.58 +Popcorn = 24.64 (24.64 x 7 = 172.48) + +1st of April: +Gamestop = 165.00 +Popcorn = 23.30 (23.30 x 7 = 163.10) + + +Maybe this has been spoken about before but I've certainly not seen it mentioned. I'm open to any constructive criticism, so let's hear it! +Hey guys, +I made an [arbitrage scanner](https://app.fdscanner.com/arbitragescanner/overpriced/puts) that finds puts with bids above the option's theoretical value. + +The Theo value is usually the option value that your broker uses when doing a mark to market profit. + +If the bid is above Theo, you can sell at the bid and book an immediate mark to market profit. + +Here's the 7 overpriced puts the scanner found: + +|No.|Ticker|% OTM|Strike|Type|Expiry|Bid|Ask|Theo|Overpriced By|Overpriced %|Last|Volume|Open Interest|IV| +:--|:--|:--|:--|:--|:--|:--|:--|:--|:--|:--|:--|:--|:--|:--| +|1|[DVA](https://app.fdscanner.com/ticker/DVA)|13.31%|$95|Put|2021-02-19|$0.45|$2|$0.399|$0.051|13%|$0.73|20|75|50.86%| +|2|[ANET](https://app.fdscanner.com/ticker/ANET)|18.75%|$260|Put|2021-03-19|$3.8|$4.2|$3.602|$0.199|6%|$4|1|170|54.37%| +|3|[GOOGL](https://app.fdscanner.com/ticker/GOOGL)|41.06%|$1230|Put|2022-01-21|$20.4|$21.8|$19.648|$0.752|4%|$19.65|1|31|37.59%| +|4|[GOOGL](https://app.fdscanner.com/ticker/GOOGL)|42.49%|$1200|Put|2022-01-21|$18.3|$19.7|$17.598|$0.702|4%|$17.62|52|542|38.05%| +|5|[DVA](https://app.fdscanner.com/ticker/DVA)|4.18%|$105|Put|2021-02-19|$2.1|$2.5|$2.026|$0.075|4%|$2.2|3|69|44.79%| +|6|[ANET](https://app.fdscanner.com/ticker/ANET)|15.62%|$270|Put|2021-03-19|$5.1|$5.6|$4.901|$0.199|4%|$5.63|13|225|52.42%| +|7|[DOW](https://app.fdscanner.com/ticker/DOW)|4.5%|$55|Put|2021-03-26|$2.06|$2.19|$2.004|$0.056|3%|$2.05|5|10|35.2%| + + +To view the full list which updates every 20 mins, visit: https://app.fdscanner.com/arbitragescanner/overpriced/puts + +There's also a scanner for overpriced calls to run covered calls on, and also underpriced put/calls. As you can see, the market is rather efficient, out of millions of options, only 7 are found that fulfills the criteria. +I've been having incredible success with 0 dte spx credit spreads. I use stop losses to guard against the market turning against me. I don't have to worry about pin risk or any weird things with spx because they are cash settled options. + +Typically I open my trades an hour after open and close out my position when its near max profit. I pick 10 delta or lower. Sometimes if the the conditions are right I open iron condors. + +I'd like to start a discussion on what risks I may be missing? + +I keep my risk defined by stop losses, cash settlement, and obviously long long positions. I understand there is massive Gama risk and delta can change at the drop of a hat which will stop me out. + +My current profit is $21k which is roughly 51% ytd. +I'll begin by saying that this experience is by no means universal, and may depend a lot on your location and the opportunities around you. I live in a large metropolitan area with a strong union presence, but also a place where the cost of living is high and housing situation unforgiving. YMMV. + +Two years ago, I was struggling, bad. My parents financial decisions had led them into a pit, forcing them to move out of the state, leaving me behind. My previous carpentry job had laid me off due to the pandemic(awful timing, by the way) and I was at a new manufacturing job making little more than minimum wage. I was spending my time trying to gauge the right place to park my car, a good old honda accord with close to 200k miles, knowing that it could be my home for the next few months. + +I was fortunate that my uncle let me rent a room in his house for cheap while I searched for a better opportunity, and I want to say that because I know this is a privilege and that many, many other people didn't have such opportunities. I had a car, I had supportive friends and family members, and although I was almost homeless, I wasn't ever forced onto the street. I'm not writing this post to lecture someone who's struggling to "just weld" because I know that isn't an option for them. This is just my perspective and me extending an offer to those who might be able to take advantage. + +Anyways, during this time, I applied for the plumbing apprenticeship at the local union. What attracted me was the wages and the benefits: 30 an hour to start, full health, vision, and dental, 401k, pension, disability, everything. The health care was especially attractive; I was on medicaid and was struggling with my various conditions. + +I chose plumbing because it seemed the most interesting. Electricity paid more, but I didn't find wires as fascinating as pipes. I enjoyed working with my hands, and was physically fit. So I applied. All I needed was a GED and a mode of transportation. No experience at all was required, nor would it be considered. I studied my ass off for the entrance exam, took it, and got third place. + +Most unions have both an exam and an interview, but this one, due to the amount of applicants, only had an exam. It was basic math and mechanical reasoning, and relatively easy for me. The passing grade is 75%, and after passing, one would be put on a list in order of their rank on the exam, and called for work in order. Since I placed third, I was called relatively quickly. + +Tuition is completely free for this apprenticeship, and as mentioned before, I actually got paid to learn. Immediately I was brought into lower middle class, then middle class, as the high wages and incredible benefits were more than enough to guarantee me a comfortable life. I developed an emergency fund, got my health taken care of, and was able to grow my savings, as well as my retirement account. The work life balance is decent, too. 40 hours a week is typical, though there is overtime you can take advantage of, of course depending on trade and area. + +Two days a week, in the evenings, I go to class, where I learn the various skills needed to succeed at work. Tuition is completely free. No student debt, nothing. + +I want to emphasize that this is a union apprenticeship, not a for profit trade school, which I unfortunately see recommended all too often. Trade schools are often for profit, don't guarantee work, and leave you with mountains of student loan debt. + +So, you want some of this! Where do you start? Well, the first thing to do is think of what building trade you wish to pursue. There's a lot of information out there on the various trades, but typically plumbing, electricity, sheet metal, hvac, etc, are considered the most desirable, and tend to pay the best and have the strongest unions. + +If you haven't, get your GED. Even if you don't want to learn a trade like this, a high school diploma is required for many jobs, and it's not a good idea to try to go through life without one. In this case, a GED is usually required for a union apprenticeship. + +Check the union locals in your area for the trades you are interested in, take a look at their website if they have one, contact them and ask about how you can apply for an apprenticeship. They will be very happy to help. The trades shortage is a complex problem, but in my personal experience, the apprenticeship I attend is low on applicants, especially qualified ones. Some areas, however, have so many applicants that they can wait years to be called to work. It all depends on the area and the local, so do your research! + +To end this, here's a list of pros and cons of the trades based on my personal experience. + +Pros: + +1. **Good pay.** Union apprenticeships, and jobs, pay excellently. I started at 30/hr, and will be making upwards of 70/hr as a journeyman. Every 6 months, I get a raise, until I graduate and reach full journeyman status. +2. **Good benefits.** Health insurance, vision, and dental are all provided, and all excellent. I also have both a 401k and a pension, the former which my employer contributes too, along with my own contributions. I will retire comfortably, especially since I started early, but you don't necessarily have to be because... +3. **Low barrier to entry.** I admit, this is subjective, but many of my classmates and others in the trades come from rough backgrounds, struggle with mental illness and addiction, are older than the typical learning age, etc. I've seen people from all sorts of situations in the trades, and the trades have helped them slip comfortably into a middle class lifestyle for themselves and their families. +4. **Meaningful, hands-on work.** I love working with my hands, and I love to move around. If you despise the idea of sitting in a cubicle all day, staring at a screen, then the trades could be for you. +5. **No tuition, and high quality training.** Again, the latter depends on location, but a union apprenticeship will always be free, for all 3-5 years of your apprenticeship. My school also covers costs such as a school laptop and books, but I know others may require you to buy those things, and only those things. + +Cons: + +1. **Tough on the body.** The trades aren't for everyone, especially in this regard. You will be carrying things, bending over, crawling into small spaces, breathing in dust, exposed to potentially hazardous chemicals. If you take care of your body, you won't be crippled by age 50, but you certainly won't feel as you used to. Construction is a dangerous job, so it's up to you to ensure your safety. +2. **Difficult to start.** Okay, I know I said there was a low barrier to entry, but this is important because your experience might be different depending on your area. If there are too many applicants, it could take years to get into a good union apprenticeship. If you live in a rural area, commute to a larger city might be a problem. You still need a GED and a good driving record, and in some places, pass a drug test in order to work. +3. **Overtime.** This can be considered a good or bad thing. Construction is a very feast or famine sort of career. Most people in the trades take all the overtime and work they can when they can, so when they're laid off during a slow period, usually in the winter, they have plenty of savings to keep them afloat. Overtime can be hard on the body and mind, so definitely consider your willingness to work hard. +4. **Troublesome coworkers.** You will meet all sorts of people in the trades, including some unsavory personalities. Unionized labor is typically better in this regard, but you'll encounter foremen who yell, journeymen who don't teach, laborers who drink and smoke on the job, and all kinds of trouble you can think of. You need a thick skin to work in construction, can't be someone who easily takes offense to crude language and humor, as well as insults from coworkers and bosses. Again, this is much better in the union, but it's still present. + +If anyone has any questions, feel free to ask! I love talking about my job and how it's helped me, and I want to be able to help others too. Hope this wasn't too much of a rambling mess; if it was, I suppose you can yell at me too. +I (26F)had my 7k loan since 2019 and am excited to say I've paid it off a bit early. It's going to make my life a lot easier ! I'm thinking of doing something to celebrate but I haven't decided, any ideas? +TLDR; Bought house with old roof, want to sell, nobody will buy, may take 30k loss. Any advice welcome, see questions below. + +I'm brand new to realestate investing and made many mistakes. Any advice is welcome. + +I purchased a pretty beat up house that appraised at 170k that needed a roof replacement last year. + +My realestate agent said that a roof replacement cost roughtly $8k and the roof isnt leaking yet, so I'll likely need to replace in 2 years. I took his word for it without getting a qoute from a roofer. (1st mistake) + +The house is older and needed new flooring, paint, kitchen updates, you name it. I added roughly 15k worth of repairs to the house before the roof. + +A month into owning the house, my insurance cancelled coverage because the roof was in pretty rough condition. I get a quote from several roofers and the cost would come out to roughly 20k. I was just horribly stressed out. I decided that after all of these costs, renting it out would yield a horribly low ROI. So I decided to sell. + +I used the same realestate agent to list the house and his comps suggested that we could list at 210k, I would be able to recover my costs and make a slight profit. + +**55 showings later and 4 months on the market,** all we have are 3 offers. At 165k, and 2 at 170k. + +The house appraised at atleast 180k when under contract previously. But the buyer still tried to negotiate down to 170k due to the roof's condition. + +My questions are: + +* If a house appraises at 180k or higher, why are buyers still trying to go lower? +* All other houses in adjacent neighborhoods are flying off the market at over asking price. +* How did I screw up this bad? Why are my REA comps so far off? +* What were your worst mistakes as an investor? + +&#x200B; + +Also, this house has a mother-in-law suite which could kinda be considered a 2 unit, but its really a 1 family house. My REA says the layout is a bit strange and the kitchens need to be updated. But I can't pour any more money into this house. +You think this move will mark the bottom from here?If **the** best value-investor in the world is buying Canadian energy, it's probably going to get value funds interested? +CBC Article: [https://www.cbc.ca/news/business/berkshire-hathaway-warren-buffet-suncor-canada-1.5020386](https://www.cbc.ca/news/business/berkshire-hathaway-warren-buffet-suncor-canada-1.5020386) +I just watched tons of videos of her being interviewed and find her very interesting. It's nice to see a humble fund manager despite her strong and badass track record. I love how she looks at the future and how consistent she is of her investment outlook. Im definitely investing on her Etfs and hold for the long term. +I just started building a Dividends Portfolio less than a month ago and my largest holdings are Canadian Banks which all went down in price today. Should I hold off buying any more Canadian Banks until after the election or buy the dip now? + +Trudeau announced he would tax Canadian Banks 3% more (from 15% to 18%). Since Canadian Banks Dividends are currently only 3.3% - 4.5% does that mean the dividends will be cut or not grow as much as in the past? + +I assume Trudeau will win since that's the point of him calling an early election because his people have researched and think he can go from a minority government to majority. If they are right does that mean this new policy will happen for sure? + +Also I bought Manulife. Is that considered an Insurance company that he will tax more as well? + +https://www.google.com/amp/s/www.cbc.ca/amp/1.6152710 +How many of you watched the price smash through your cost basis today? + +Feels good, eh? Holding in the red is stressful sometimes. We lauded those who held through February. But you know what? Forget that shit. Think about it. Holding in the red is easy. Anyone can hold when they're down 90% on an investment, because it makes no sense to sell. + +You know what's *much* harder? Diamond-handing through *massive* gains. This is where true apes are tested. I heard of a guy who held through multimillion-dollar swings in January. Can you believe that shit? I wanna be more like him. + +Keep that in mind as we make our way to $300 \[again\] and beyond. For those who got in early, you might already be up 10x (or more) on your investment--congrats! Holding is probably easy and natural for you at this point. You know damn well that we will never reach your cost basis again, and a hefty profit is all but guaranteed for you. + +For those who boarded the rocket after February, diamond-handing isn't as easy. If your cost basis is 218, you might start feeling the pressure right about now. When we hit $500 and you're up 150% on your investment for the first time, you might think, "Well shit, if I just sell half, I can cover my cost basis, lock in a profit and ride the rest for free; the price will probably dip again anyway, and I can buy back in cheaper." + +If these were normal circumstances, I would completely agree with that idea. But these are not normal circumstances. We're talking about a single stock that poses an idiosyncratic risk to the entire market. + +$350-500 is the point at which the whole world will see our thesis tested in real-time. Will SHFs once again try to fuck retail in plain view and short the stock again? Or will it be the death knell for Citadel, as MOASS begins and the price fucks them into infinity? + +I for one am not willing to risk stepping off the rocket, not even for a second--and furthermore, I think that doing so might delay the launch for everyone else. + +If you think it's in your best interests to swing-trade the stock, then do it. No one is stopping you. Just keep in mind that you run the risk of chasing the price into infinity. We have more than enough diamond-handed apes to ensure the squeeze. You're only risking your own moon tickets. + +We as mere mortal apes can only speculate what's waiting beyond $350. I for one think it's gonna be a complete fucking meltdown. The price might shoot up and never return to its previous levels, like it already did once this year. + +After we test the resistance points and break through to $1000... I can't say how I'll react. The thing that gives me the most confidence in my ability to HODL is that our thesis will have been tested and proven true. If we can hit $1000, we can hit $10,000,000. I trust there are enough diamond-handed Apes who will hold through it all. I'm not taking you on blind faith--you've proven yourselves several times over. I ***know*** you'll hold. And that makes it easy for me to hold, too. + +Commonly voiced concerns: + +When we reach phone numbers, who will be buying at that point? Where will the money come from? There isn't enough money in the world to pay Apes that much! + +1. You do realize our governments have been arbitrarily creating new money since forever, right? They do it every day. There are **trillions** sitting in derivatives, and if that's not enough, JPOW can fire up his favorite toy for us. Put the FUD that "there isn't enough money to pay Apes millions per share" out of your head, because it's bullshit. +2. "The government won't let it get that far, they will stop it before that happens." I bought a stock. I held it. And now it's directly registered in my name. No one can touch it but me. *I played by* ***their*** *rules*, and I won. If the government decides the turn off the game altogether, simply because retail won... I mean, that's a great way to destroy the U.S. Dollar altogether. Go for it, Uncle Sam. That would be a super fascinating timeline. I'm guessing China completely takes over in that one. I just don't buy this. I think, like all things, they will find a way to benefit from MOASS instead, rather than destroy themselves. We have plenty of enemies, we know that for sure, but who's to say that Apes don't also have a few friends in high places that we don't even know about? +3. Ultimately, where the money comes from doesn't matter... When the price reaches Andromeda, one needn't sell more than 1 share at a time, and never more than a few altogether. That way, the price *never* falls back down below $60M. GME remains the most valuable stock in the world for the rest of your life, and each shareholder needn't have sold more than a handful to create generational wealth for themselves. You see, there is no need to create more money, if Apes never sell ;) The infinity pool ensures that the power remains with the players forever. +https://www.businesswire.com/news/home/20180801005635/en/Fidelity-Rewrites-Rules-Investing-Deliver-Unparalleled-Simplicity + +Probably not earth shattering if you're only paying five basis points on VTSAX but still pretty interesting. Wonder how they'll make money? +Today I was offered a job making over 29k what I make now. It's a 10hr shift, but five minutes from my apartment and daycare (literally right between the two). I wasn't looking for a new job, but the shop owner reached out to me and I figured I'd interview and see how it went. + +I interviewed on Tuesday and got the offer today. I accepted it almost immediately. The environment is much healthier than where I'm at now and more understanding of me having a kid. My current boss said he felt "taken advantage of" when my daughter had COVID and I had to miss two weeks of work, and his reaction to me giving my notice was childish at best ("how could you do this to me, I've done so much for you" ie he paid me when my daughter had COVID but not when I had it and missed 5 days. He also didn't speak to me the rest of the day) + +Last month I was experiencing suicidal thoughts, and I know that if I didn't have my daughter, I would have given in. + +Since I got home from work I've been trying to figure out what this feeling is, and I think it's relief. In two weeks I won't have to worry about how I'm going to pay rent or afford daycare. I won't have to hope that the local food bank has diapers in my daughters size. I can eat dinner with my daughter instead of opting for cereal so she can have a full meal. + +I am in disbelief. + +My goal for this year was to start paying off my debt, and I was ready to use my tax refund for that. I still can and still will, but it won't feel so impossible and one day I'll be able to give my daughter her own bedroom and get out of this ant infested one bedroom apartment. Eventually the endless collection calls will stop. Eventually I won't feel like I'm constantly drowning. + +Any tips on how to budget would be greatly appreciated. I've always had hourly jobs, so salary is new to me. I've also never had even close to enough to pay my bills and have more than $20 left over (on a good week). +Gary Gensler's propensity to break up handshake settlement deals has created some distrust with current staff, sources say. Meanwhile, law firm demand is also driving some exits. + +July 23, 2021 at 05:30 AM + +8 minute read + +The original version of this story was published on National Law Journal + +What You Need to Know +Recruiters and former SEC lawyers are expecting an exodus of talent from the securities watchdog. +From his days at the CFTC, new SEC chair Gensler has a reputation for pushing his lawyers. +But any outflow will likely be covered by a fresh batch of hiring at the SEC later this year. +Gary Gensler, the new U.S. Securities and Exchange Commission chairman, is pushing for tougher enforcement on a raft of investment and compliance issues. But in the process, he seems to be causing a stir among the agency’s senior attorneys. + +The SEC has seen high attorney attrition this year, according to a tally of moves from the agency, and those talking with internal SEC lawyers are expecting more attorney exits. Some former SEC lawyers say Gensler’s propensity to break up handshake settlement deals that were in process before he became chairman in April has created some distrust with current SEC staff, as well as his hard-charging approach to managing SEC lawyers. Meanwhile, law firm hiring demand appears to be driving some exits, too. + +According to data provider Firm Prospects, which tracks attorney moves including in and out of federal agencies, 16 lawyers left the SEC from January through July 21 to return to private practice. + +Only two of them—Chairman Jay Clayton, appointed by former President, and ex-SEC trading and markets deputy director Elizabeth Baird—arrived at the agency during the previous administration. Baird was hired by the watchdog in September 2018 and left last month to Steptoe & Johnson. Clayton returned to his old firm, Sullivan & Cromwell. + +One legal industry recruiter said the phone had been “ringing with associate director-level SEC attorneys in D.C., and senior officer regional director-level folks” who are looking for law firm jobs. + +The exodus has not yet reached the heights of the first year of the previous administration; by July 2017, the SEC had already lost 24 lawyers that year to private practice, according to Firm Prospects. In the same 2017 time period though, the agency also hired 20 more lawyers directly from law firms—resulting in a net decrease of four lawyers. + +So far this year, the SEC has only added another nine attorneys, according to Firm Prospects—leading to a net decrease of seven in all. + +Former SEC attorneys said they predict more defections this year based on some internal agency conflict. In particular, private practice lawyers who have recently left the SEC point to Gensler’s willingness to scuttle handshake settlement deals that agency attorneys already negotiated—more so, apparently, than previous chairs.  + +Deals made by the enforcement division with rulebreakers require sign-off from the commission. While this sign-off is no rubber stamp in most cases, the commission often takes its cues from the lawyers who have worked on the deal and division management, explain lawyers familiar with the process. + +According to lawyers who have recently worked on enforcement deals with the SEC, multiple settlements have been rejected as they’ve been presented to the commission for approval because Gensler, they say, wants more compensation from the defendants and feels the levels of the last few years have not been sufficient. + +“He wants these cases settled, but he wants the resolutions to be stronger and more significant,” one former SEC lawyer, who is now a partner at a D.C.-headquartered firm, said. + +The situation is disconcerting on two fronts, say former SEC lawyers who are now in private practice. One is that the staff is demoralized when a settlement is rejected by the commission. The other is that it “doesn’t look good,” said another ex-SEC attorney based in D.C., to go back to defense counsel and say “we thought we had authority to reach the settlement we agreed [on], but we don’t.” + +“Then SEC lawyers are probably going to have to litigate the action—assuming they can’t get defense counsel (who is now very irritated) to sign off on more severe remedies or penalties,” the lawyer continued. “Yet the SEC enforcement division probably doesn’t have the manpower to litigate, because the staff has shrunk due to attrition over the last four years. So, they’re trying to do more with less.” + +Having to renegotiate settlements is leading to a lack of trust between the commission and Gensler on one side and the SEC lawyers who negotiated those settlements in good faith on the other, the lawyer said, adding, “That brings a lot of tension, and that makes people want to leave.” + +A D.C. securities litigator said the SEC has been “pushing hard” in some of the investigations he has been handling for clients. “They’re pushing hard in areas that seem a little excessive compared to previous negotiations.” + +Yet one securities litigator who regularly negotiates with the SEC on enforcement matters says it is often the case that the commission rejects initial handshake agreements. + +“The frequency of rejection might be up at the SEC at the moment, but the commission knocking back initial settlement agreements is not a rare occurrence,” the securities litigator said. + +The SEC did not reply to a request for comment. + +Gensler’s Approach +Some of the SEC exits are no doubt driven by law firm hiring in an environment of heightened securities enforcement. + +“The potential of more cases being investigated, more charges being brought, and more cases being litigated, there is more work on the defense side,” the legal industry recruiter said. “There is a market for those folks wishing to leave the SEC, especially given the complex nature of the work and the benefits of having counsel who understands internal SEC processes.” + +But sources also point to Gensler’s no-nonsense approach to managing staff as potentially turning away some agency employees. + +According to one lawyer now in private practice but who worked with Gensler at the Commodity Futures Trading Commission (where he was President Barack Obama’s commissioner from May 2009 to January 2014), Gensler was notorious for pushing his lawyers hard when he was overseeing Dodd-Frank regulatory implementation. + +“Back then, it wasn’t the CFTC’s enforcement division that was bearing the brunt,” the ex-CFTC attorney said. “Instead, it was the regs people who were implementing Dodd-Frank [the sweeping post-financial crisis Wall Street reform act] who were under intense pressure from Gensler.” + +As a result, Gensler’s CFTC was able to come out with its Dodd-Frank regulations ahead of the SEC. But the pressure exerted on the watchdog’s staff, the former CFTC lawyer said, ultimately contributed to the regulator’s staff unionizing. + +“He’s an aggressive regulator—and people have to work,” the ex-CFTC lawyer said. “But in this current environment—when the lateral market for attorneys is so buoyant—I could see why folks would want to leave.” + +It is no surprise that Gensler’s SEC would be more focused on enforcement than Clayton, lawyers familiar with the inner workings of the SEC across multiple commissioners and administrations say. A Democratic administration’s model for enforcement often places more emphasis on more cases and more individuals; the so-called “broken windows” philosophy of policing the markets was a distinct characteristic of Obama-appointed Chairwoman Mary Jo White’s tenure at the SEC from 2013 to 2017. + +Gensler recently told investment lawyers and bankers that his agency would pursue aggressively bad financial actors “playing with working families’ savings.” The chairman is also taking a key interest in the reporting of environmental, social and governance (ESG) information by listed companies, according to reports, and this focus will likely expand the responsibility of the enforcement division. + +Gensler is potentially counting on adding more staff that will get behind his vision of a watchdog with sharper teeth. In his FY 2022 budget request, Gensler asked for nine additional positions in the enforcement division and in total wants to raise staff from its current 1,316 to 1,330. + +Adam Oliver, co-founder of Firm Prospects, said he expects to see some additional hiring by the SEC this fall. “Hiring by the agency tends to track upwards after the summer months, with 2017 being the one exception in recent years,” he said. + +In testimony in front of a House appropriations subcommittee on May 26, Gensler said enforcement in 2020 had 6% fewer staff on board than it did in 2016. + +“Other divisions are similarly stretched thin,” he told lawmakers. “As more Americans are accessing the capital markets, we need to be sure that the commission has the resources to protect them.” + +In May, he appointed seven-year SEC enforcement veteran Tejal Shah to be his enforcement counsel. Shah has deep experience investigating and litigating the range of cases the SEC brings, including broker-dealer accounting fraud and compliance failures, insider trading and market manipulation. + +The SEC saw turnover in the top slot in enforcement this year, when former Paul, Weiss, Rifkind, Wharton & Garrison partner Alex Oh resigned from the director’s position just a few days after taking the job. A couple of months later, the SEC announced the appointment of New Jersey Attorney General Gurbir Grewal as the new enforcement boss. +seeing so many of the US tech stocks doing an easy 50 to 100% growth in just last one year and their growth and current price not in any way match up with their intrinsic value or earnings or assets, how is this not another tech bubble? thoughts on shouldn't we worried it would impact the general market and economy as a whole too? I know I had the same position a year ago and seeing this maybe next year too similar case... but failing to understand why isn't this seen as a bubble? or is it ... thanks for your thoughts in advance +The [front page thread 'I did it'](https://old.reddit.com/r/investing/comments/dxf92f/i_did_it/), where OP explains how he was able to reach a $1MM milestone investing in SPY and VOO since 2007, created a lot of interest, as well as a lot of skepticism. I don't quite understand the skepticism myself, given the nominal growth rate of the S&P 500 since 2007 and the OP's disciplined approach to reducing expenses and putting every spare penny into his investment, but just to make sure I wasn't kidding myself, here's [a Monte Carlo sim](https://www.portfoliovisualizer.com/monte-carlo-simulation?s=y&fullHistory=true&adjustmentType=1&smoothingRate=75&historicalVolatility=true&volatility=12.0&symbol1=SPY&endYear=2018&years=12&frequency=2&mode=2&inflationAdjusted=true&inflationVolatility=3.0&sequenceStressTest=2&inflationMean=4.0&startYear=2007&bootstrapModel=1&inflationModel=1&customIntervals=false&adjustmentPercentage=4.0&dof=30&adjustmentAmount=2500&allocation1_1=100&circularBootstrap=true&simulationModel=1&distribution=1&currentAge=70&bootstrapMaxYears=20&historicalCorrelations=true&returnList=0%2C+2.5%2C+5%2C+7.5%2C+10%2C+12.5&lifeExpectancyModel=0&bootstrapMinYears=1&meanReturn=7.0&percentileList=10%2C+25%2C+50%2C+75%2C+90&rollingAveragePeriods=3&initialAmount=1000) I set up with similar parameters to that thread. I can't make it identical -- for one thing, I don't know all the details of OP's investment history -- but using some reasonable assumptions based on what was written, here's what I come up with. + +**50th percentile outcome: $1,004,384 (nominal)** + +Ignore the "5 years" that the UI shows. I had to hack the URL for the sim to get it to do exactly 12 years. You can inspect the hack yourself by examining the [URL](https://www.portfoliovisualizer.com/monte-carlo-simulation?s=y&fullHistory=true&adjustmentType=1&smoothingRate=75&historicalVolatility=true&volatility=12.0&symbol1=SPY&endYear=2018&years=12&frequency=2&mode=2&inflationAdjusted=true&inflationVolatility=3.0&sequenceStressTest=2&inflationMean=4.0&startYear=2007&bootstrapModel=1&inflationModel=1&customIntervals=false&adjustmentPercentage=4.0&dof=30&adjustmentAmount=2500&allocation1_1=100&circularBootstrap=true&simulationModel=1&distribution=1&currentAge=70&bootstrapMaxYears=20&historicalCorrelations=true&returnList=0%2C+2.5%2C+5%2C+7.5%2C+10%2C+12.5&lifeExpectancyModel=0&bootstrapMinYears=1&meanReturn=7.0&percentileList=10%2C+25%2C+50%2C+75%2C+90&rollingAveragePeriods=3&initialAmount=1000). + +Assumptions: + +* 12 years + +* Use historical data starting from 2007 (full data available only through 2018) + +* Average of $2500/month contribution to SPY + +* First two years forced to be the worst years, to simulate the GFC of 2008 + +Even if I [remove the 2007 starting date and let the sim pull from the full history of SPY data](https://www.portfoliovisualizer.com/monte-carlo-simulation?s=y&fullHistory=true&adjustmentType=1&smoothingRate=75&historicalVolatility=true&volatility=12.0&symbol1=SPY&endYear=2018&years=12&frequency=2&mode=2&inflationAdjusted=true&inflationVolatility=3.0&sequenceStressTest=2&inflationMean=4.0&startYear=1972&bootstrapModel=1&inflationModel=1&customIntervals=false&adjustmentPercentage=4.0&dof=30&adjustmentAmount=2500&allocation1_1=100&circularBootstrap=true&simulationModel=1&distribution=1&currentAge=70&bootstrapMaxYears=20&historicalCorrelations=true&returnList=0%2C+2.5%2C+5%2C+7.5%2C+10%2C+12.5&lifeExpectancyModel=0&bootstrapMinYears=1&meanReturn=7.0&percentileList=10%2C+25%2C+50%2C+75%2C+90&rollingAveragePeriods=3&initialAmount=1000), the 50% percentile outcome is still in the ballpark: $995,998. + +This is to say nothing of the top half of outcomes that are well above $1MM. For the lower half, the 10th percentile case was in the region of $646K, which is still a nice chunk of change. + +TL;DR - $1MM was achievable in the last 12 years, sticking $2500/month into SPY. +Just some stats, maybe it will be interested to someone [link](https://www.domain.com.au/sale/?ptype=house&price=50000-100000&excludeunderoffer=1&landsize=200-any&startloc=-6.298076926984458%2C107.40425291262311&endloc=-47.44609222937145%2C161.2812060376231&displaymap=1) (I put 50k as a minimum to filter out garbage). + +I'm interested because I'm looking for extremely cheap "The Cabin in the Woods" kind of house to escape from the City from time to time. It seems that the amount of advertised houses - in the range 50-100k became higher during last couple of months. + +*Nasty Domain puts some ads - houses with higher price or "ask the agent" - in the search list, especially at the beginning of the list, scroll it down, first or second page of search results.* + +https://preview.redd.it/rwel4crfoq651.png?width=1074&format=png&auto=webp&s=30d0d15b56c1524cc6d1f1ab6af8858291e3732b +A lesson for all of us here. It looks like a friend is getting lumped with a massive CGT bill for trying to help their dad. + +A few years ago, the dad bought a house. The bank would only lend the dad money if their son was on the mortgage and title of the property. + +The dad bought the house and paid the mortgage. Son was put on the title to get the loan. Now the dad has sold the place. + +The son never contributed to the mortgage and isn't receiving and proceeds from the recent sale of the house. The son moved out of the dad's house years ago and bought their own place. + +Accountant says the son owes CGT in the tens of thousands for the time they lived out of home because they can't claim the exemption for the principal place of residence. The dad wants to put the head in the sand. + +Never go on a title folks! I wish for him there was some way around it, because the son had absolutely no personal financial gain. Oh well, lesson learned. +Hi all, I’m noticing a bit of a strange occurrence in the area I am looking to buy a PPOR (Pemulwuy, NSW). + +Over the weekend a property that was guided at 1.35 sold for 1.25. + +Two properties I had saved have now had their prices revised, one down 100k, the other 200k + +Just weeks ago properties In Pemulwuy were selling for way above guide (1.5 for a property guided at 1.3). + +Is anyone else seeing anything like this in other parts of market ? +Sorry for the first world problem. + +I bought my husband a very expensive watch before and he isn’t super excited. It’s fine, because whatever he likes he just buys right away. + +With Covid/kids, it’s impossible to take trips. We also don’t go to restaurants anymore— we do get takeout constantly. I encourage him to go on Scuba trip himself (we live in Miami so it’s not a big deal). He is looking forward to it. + +Anything you guys do to show appreciation to your SO? I want to make sure we are not burned being home all the time. +I'll preface this by saying I don't have the full information yet, as I'll be seeing her tomorrow. My nan can't drive and has asked the finance company to take the car back, but they've told her she needs to make the rest of the payments. Is this correct? I'm not sure if it's on a lease or a PCP. + +Thanks for your time. +Asked this on another sub and would like to ask everyone's opinion + +You are in your early 40s and have 20 more years to invest. You have 50K that was from a employer 401k and you are rolling it over to your IRA. + +Where are you putting this 50k? + +Original plan was to drip dividends from an monthly paying ETF until I hit 1k a month in dividends then throw the dividends at that time into a few growth ETF's. + +What would you do? +The aristocrats seem pretty solid and if you have the right selection they will pay out each month. So why, in your opinion, look to stocks outside of those? +Several exchanges seem to be sending funds back and forth as capital for reserves to show, that is, to show how much reserves they have once they share their wallet addresses to the public. See the other big threads here for details. + +Please make sure that your funds are off the exchanges. Even CZ from Binance is hinting that this is a clear sign of problems and he might very well know more than us: + +https://preview.redd.it/u6g462215oz91.png?width=600&format=png&auto=webp&s=40940a290ddf7748ba2dfb9fd958eacd12bf1060 + +This comes after CZ said that they previously had a policy not to comment on competitors publicly, but that CZ would change this behavior going forward in protection of the crypto space: + +&#x200B; + +https://preview.redd.it/ioxamy4q5oz91.png?width=545&format=png&auto=webp&s=44ef26d7d72b750aed66de18ee0f7862fd3a8abb + +&#x200B; + +https://preview.redd.it/mglocvcs5oz91.png?width=545&format=png&auto=webp&s=9022d8abff33e672fdd883a4dc5738f15664f24b + +How is this real life? If this would be a movie I would not believe the story. Every day there is more craziness. +Don’t upvote. Probably a dumb question. I’m not sure if this is the correct sub. But I’m on automatic withdrawal so I never really go to my bank. My last payment is going to be next month and I’m not sure what happens after that. Do I need to go to the bank and pick something up? Does something get sent to me via mail? +My dad died on Tuesday he was the main income in our household. My mum is worried about losing our family home and paying the bills my brother and sister live at home with her while I am moved out in my own place. + +My mum does work but she is currently settling his affairs as he was a self-employed tradesman and closing down his business. + +I don't make enough money to help provide for my mum and siblings, my dad had life insurance to cover the mortgage but that was it. + +My dad is ex-army and so am I, i have already been in contact with the Citizens Advice. + +Is there any advice and signposting that can be given to make this easier on my mother financially. I plan while on my break to see the British Legion. + +Scottish based. +I am approximately $25M in net worth... approximately $5M in stocks, $2M in real estate... and... the rest in CASH. The problem is in my current situation the cash is coming in far faster than my plan to do anything with it. Approximately $5M a year. Basically what has been happening is I focus all my attention on business and the cash builds up to silly levels... then I feel like I don't have the time or energy to focus on what is actually potentially the most important thing. What to do with $15M in cash that just keeps growing?? Do I just drop it all in index funds, tax free municipal bonds, etc. and call it a day? I really am having a problem with mentally finding the right approach. + +To illustrate the issue... I've seen a few posts about the $250K limit at each bank, etc. People's advice is to not keep so much cash, create different account holders, etc. None of this really helps when your income is more than $250K a month. If I don't watch it.. the cash gets to the point like where I am today when the bankers at our bank look at me like an alien when I do a withdrawal in person! + +I really need to identify an automated way to handle money income and what to do with it. it's a problem and is becoming very stressful to feel like I should be doing something to solve the problem of a ton of cash coming in the door faster than I know what to do with it... and I have no plan! I need a mentality shift, but I don't know how to navigate it. + +Anybody else go through some enlightened similar mental transition that could share some thoughts? Who do you turn to? +I don't golf and the whole general scene/vibe isn't for me. But I want to meet and hang out with other (preferably young-ish -- 30s etc.) folks with time and money. + +Like a non-douchey post-college frat I guess. +The Mods have done a hell of a lot to clean this place up.! There are a ton of high quality DD and catalyst threads now and more information to conduct actionable trades and actionable trading analysis! The “your thoughts?” posts which are generally also known as the “please do my DD for me posts,” are disappearing quick and are fewer and fewer. I just ran across some crazy awesome DD [ADMA](https://www.reddit.com/r/pennystocks/comments/h7qljf/some_dd_for_adma/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf) too! I see people are also starting to identify risks! Thanks fellas for cleaning this place up. Love what you’ve done with it! As a result we are better informed and more likely to be profitable! Your work will have real effects for the members of this sub! Can’t thank you enough. +Nobody knows the real number of shares that will be paperhanded. I’m here to tell you that as XXX shareholder and currently buying more, I will sell on the way down! It is the way to go and I hope everyone else does the same! + +I also feel it is our duty as shareholders to spread the word! You never know when word will reach an XXX or even XXXX shareholder to join our army, these people are CRUCIAL. I’ve personally told 6 people that have bought shares and they do well spreading the word as well. It doesn’t matter if you tell someone that “only” buys X shares because who knows, they could tell someone that buys XXXX shares! + + +Do these wonderful people that are doing the research and providing information a favor and spread. The. Word!!!! And don’t forget to HODL + +EDIT: this is not financial advice! 😁 +Retail can be the catalyst. There is absolutely **no guarantee** that institutions will recall their shares. Take 5 minutes and **call or email your broker now**. + +&nbsp; + +> **Script** + +> "Hi, I understand that GameStop will be having a meeting soon and I would like to participate in the vote. Can you tell me if my shares are being loaned out and help me take any steps to recall my shares if they are being loaned out so that I can participate in the vote?" + +&nbsp; + + +🚀🚀🚀🚀🚀🚀🚀 + +&nbsp; + + +Broker | Customer Support # +---|--- +Fidelity | 1 (800) 343-3548 +TDAmeritrade | 1 (800) 669-3900 +Vanguard | 1 (877) 662-7447 +Ally Invest | 1 (855) 880-2559 +Charles Schwab | 1 (866) 855-9102 +E Trade | 1 (800) 387-2331 +Merrill Edge | 1 (888) 637-3343 +Webull | 1 (888) 828-0618 +Questrade | 1 (888) 783 7866 +According to this [infographic](https://oec.world/en/profile/country/aus) by the The Observatory of Economic Complexity, coal exports are 18.1% of our exports. Similarly, Minister for Resources and Water Keith Pitt recently said that "Australian coal will not be staying in the ground while it continues to provide thousands of jobs and bring significant economic benefits both here and across the world." ([source](https://www.minister.industry.gov.au/ministers/pitt/media-releases/coal-continue-help-powering-australian-economy)) + +With other countries aiming to move away from coal by implementing either nuclear, renewable energy, or a mixture of both, along with the slow decline in Australian manufacturing, what should Australia do in the long run to prepare for this? Is it possible for Australia to adapt and thrive or will we only see things get worse economically as our coal exports shrink without replacement? + +To be clear, I don't see things getting worse in terms of coal exports in the short run as countries will be using coal to reboot their economies after COVID-19. However, in the long run, countries may eventually move from coal. +&#x200B; + +https://preview.redd.it/9k02me1p5uq91.png?width=785&format=png&auto=webp&s=0bb469845f2df840072a6d88ac290b400762aaf3 + +# Chris Clay will be here to answer questions about the GameStop program, Gods Unchained, game development, and the future of web3 games! + +They’re excited to be working with us to celebrate the launch of the [exclusive GameStop PowerUp Rewards Pro program](https://www.immutable.com/gamechangers/gods-unchained-announces-promotion-for-gamestop-powerup-rewards-pro-members). As this program is primarily for North American PowerUp Pros, they’re going to run a giveaway for Superstonk community members alongside an AMA with the Gods Unchained Game Director Chris Clay (u/ImmutableClay) to welcome the wider GameStop and Superstonk community to the Gods Unchained universe🚀 + +## About Gods Unchained + +**Gods Unchained** is a strategic trading card game where you own your adventure. Powered by Immutable X, you can play, earn, trade, and collect NFTs to build the ultimate deck. Players must hone their skills in competitive multiplayer battles in this pioneering web3 TCG led by Chris Clay, former Game Director of Magic: The Gathering Arena. + +**Clay’s Bio** – Chris Clay is the VP and Game Director for the collectable card game Gods Unchained. Formerly Game Director for Magic: The Gathering Arena, Clay has spent his career building projects to stand the test of time. Clay has spent his career pushing the boundaries of technology with early pioneering in 3D character setup and design and laying the groundwork for massive multiplayer games at Turbine. He moved across the globe to join Immutable to build an inclusive and diverse team with a foundation of respect to continue to break new ground by building game economies that benefit both game creators and game communities alike in the NFT space. + +[https://twitter.com/chrisclayplays](https://twitter.com/chrisclayplays?lang=en) + +Is anyone else playing God’s Unchained non-stop lately? Is anyone else coming across Reddit usernames you recognize😅? For me, that’s been one of the most unexpected, exciting things about playing the game, and I’m so happy they’re doing this for us! + +# This post will be collecting questions; I'll make a post on Saturday to spam your wallet address for a chance to win a Legendary card pack from the Mortal Judgement: Light’s Verdict expansion set! + +If you drop your wallet address on this post it will get removed! + +They'll be doing another giveaway on Twitter - + +To follow Gods Unchained on Twitter: [https://twitter.com/GodsUnchained](https://twitter.com/GodsUnchained) + +Join their Discord: [https://discord.gg/godsunchained](https://discord.gg/godsunchained) + +Join their subReddit: [https://www.reddit.com/r/GodsUnchained/](https://www.reddit.com/r/GodsUnchained/) + +If your question doesn't get answered, don't worry, they've already agreed to do a video AMA with us in the near future! +How are ETFs able to create more shares without effecting the price? I get that the price of the etf is based on the price of the underlying assets but I still can't quite get my head around the math of it . +So I’ve been working on an algo for a while now, and I’ve got to the point where I have 500+ pages of backtest on excel on multiple time frames (I’m using medium-low TFs), in different market conditions. + +I’ve accounted for fees, slippage, liquidity, very strong trends, lateralization periods, very high or very low volume, I counted spread, I’ve managed risk and leverage, stop losses, I tested everything i could possibly think of and I have a 67% win rate with around 8% daily profit with 3% risk per trade, or around 5% if I bring risk down to 2% per trade. + +Now I’m programming the bot to actually execute this on bitmex. What could possibly go wrong that I didn’t think of, aside from the bot having bugs and failing because of errors in the code? I’m expecting the actual live trading to perform a bit worse than that, but I’m still expecting to be profitable, maybe with 60% win rate instead of 67% for example; am I delusional? Am i missing something? +I have been Daytrading since March, doing quite well. Roughly 40% up and life was nice. In the past two months though I have lost basically several years of savings due to getting too cocky (with leverage and not following my trading rules). + +I feel quite down, have not traded for weeks and am unsure how to get back from this slump - mentally and financially. For those who have experienced something similar and gotten back on track, how did you do it? +I've worked in consumer marketplaces the last few years. I think the points below are now pretty widely accepted within the industry but thought it may be interesting to others so I did a quick write-up below. + + +From about 2011 - 2018 there was rapid growth in marketplace businesses. Think food delivery (UberEats, Doordash, Postmates, Grubhub, etc), ride sharing (Uber, lyft), homes services (Thumbtack, taskrabbit) or grocery delivery (blue apron, instacart).  More recently we've seen a surge in last mile transportation companies (Scoot, Lime, Skip, etc). + +Many of these apps are now on our phone screens and play a central role in our lives. + +The story with these companies went as follows: these are supply driven marketplaces, if you acquire supply then you'll win the customer. For food delivery, this means hiring a huge sales team to go sell to restaurants. For home services, this means massive digital marketing spend. For ride sharing, this means massive out of home marketing spend coupled with subsidized driver wages. In 2017, it cost Uber as much as $[650](https://www.cbinsights.com/research/report/how-uber-makes-money/) per new driver it brought on the platform. + +Venture capitalists were happy to bankroll this. The theory was that you could spend your way to a liquid marketplace. A liquid marketplace is one where you have enough supply on the platform for consumers to have options. Then so many consumers come to the platform because there are options that it causes more supply to come to the marketplace. This flywheel effect gets so strong that neither supply nor customers can leave the marketplace because they are both there. Investors thought that it would take $$$$ to reach liquidity but that once a marketplace reached liquidity it would be extremely hard to disrupt. At that point, the platform would have scale and could ramp down their customer and supply acquisition cost generating profit that would continue.... into infinity! + +Fast-forward to 2017/2018, many of these consumer marketplace companies are no longer new startups. They've reached massive scale and have grown faster than any consumer companies we've seen in the history of the world. However, these companies are still burning cash and need more money. Historically, they would have gone public at this point. + +But, would public markets be as patient as private investors? If you're a Doordash, you're still selling investors on the liquidity dream. You're growing so fast! You just need to keep spending to reach liquidity for a few more years. This means that you would continue to be massively unprofitable up until that point. + +Enter SoftBank Vision Fund. + + +The SoftBank Vision Fund is a $100B fund founded in 2017. Yeah that's $100 BILLION. It was the largest private equity fund ever. About $45B came from the Saudis. Another $26B from SoftBank itself. The balance came from capital rich companies like Apple. + +SoftBank had so much money that it effectively replaced the public markets for these large consumer marketplaces. It was happy to drop another $[550M](https://www.vox.com/2018/3/1/17065928/doordash-softbank-gic-funding) into Doordash in 2018 as it continued to grow rapidly in a very unprofitable way. Chasing the liquidity dream. + + +Instead of being forced to go public to get huge amounts of cash, these companies could raise hundreds of millions in *Series Gs*. Historically, most companies would go public after Series D.  With every subsequent series of funding, Softbank increased the overall valuation of these businesses. This in turn moves the goal posts for how much scale a company has to hit in order to actually warrant that value. + +This brings us to the present day. + +Reaching a point where even Softbank can no longer satisfy their capital needs, some of these companies are going public. It turns out public investors are less patient... and we're not seeing the original marketplace theory play out. These companies aren't seeing the benefits of scale where at a certain liquidity level they can ramp down supply and customer acquisition costs and generate profit as the platform. + + +Last week Grubhub's stock fell by 41%. In a [shockingly candid shareholder letter, ](https://s2.q4cdn.com/772508021/files/doc_financials/2019/q3/October-2019-Shareholder-Letter.pdf)Grubhub basically said that they don't think anyone can generate profit in food delivery right now. They're not experiencing economies of scale running a delivery network, and neither supply nor the customer is proving to be loyal despite Grubhub's insanely massive scale. + + +Uber and Lyft are similarly down almost 40% since IPOing. + + +BlueApron IPOd at a $3B market cap and is now worth $111M. Before going public it cost BlueApron as much as $[150](https://www.linkedin.com/pulse/detailed-look-blue-aprons-challenging-unit-economics-daniel-mccarthy/) to acquire a new customer. 70% of these customers churned within 4.5 months. When BlueApron was venture-backed this spend was defensible because of the liquidity dream. When they went public, non-patient public investors just saw a massively unprofitable business. + + +DoorDash, Postmates, Thumbtack, TaskRabbit, Bird, Scoot, Skip, Fair, and almost every other consumer marketplace business that is still private should be shaking in their boots. They have huge paper valuations based on the liquidity dream. + +Nobody in the public markets is reaching this liquidity dream. Customers and supply are not loyal to a given platform. If your platform tries to improve its economics (say by raising delivery rates or increasing rideshare costs) another private venture backed platform will undercut you and the supply and customers will leave you. + + +What are the implications of this? + +I think we'll see the bigger marketplace companies try to cut their more egregious marketing costs to lower supply and customer acquisition. I think we'll also see prices go up on your food delivery, uber rides, plumber, etc. inherently leading to slowing or negative growth. Some of these companies will be acquired or go bankrupt. + +Investors are going to be much less inclined to invest in two-sided consumer marketplaces as the liquidity dream never really panned out. This will mean less innovation and new products in this space. But **we'll see more one-sided marketplaces where the supply is owned by the company and automated**. For example, rideshare from a company that owns a fleet of autonomous vehicles. Food delivery from a company that owns its own massive kitchens in major population centers (the uber founder is actually working on [this](https://www.cloudkitchens.com/)). City owned last mile transport as a public good. + + +Given the significant consumer value these businesses generated, I think we may also see **massive companies bundle them into their business as a frequency play** to get customers within their ecosystem. For example, Amazon owned grocery delivery as prime benefit to lock you in to overall ecosystem. Food delivery within a super app like Facebook also a marketing expense to lock you into their ecosystem, etc + + +This also has big implications for the gig economy as  gig workers have been effectively subsidized by investors the past decade and the reduction in growth above will also lead to a reduction in gigs. + +From a trading opportunity, I'd be short every consumer marketplace including Uber and Lyft at their already deflated values. +The money was raised on GoFundMe which declined to take their cut, but payment processors like Visa and Paypal took a 2.9% cut from the entire fundraising effort. This is exactly why we need crypto and why crypto exists. That almost $500k worth of fund could have gone to the victims rather than the payments processors. + +&#x200B; + +Crypto is the future. +I'm about two months into theta gang strategies, and have mostly been enjoying the results. I'm wondering, for anyone who has been doing this a while, what was the WORST thing to happen to your portfolio while trying to collect premium? When did it happen? What changes did you make afterwards? I've made mistakes with things like trying to time the market, penny stocks, other assorted newbie stuff, but before I screw something up here, anyone want to share their experience? + +\*edit to add\* Thanks for the responses! I was getting ready to respond to the first when others came in and I noticed a pattern emerging, featuring the word, "overleveraged." Definitely something I'll keep in mind whenever I have a series of wins and want to further extend. +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +Seriously? Can the average person excel at this? I am not exceptionally smart or dumb- just middle of the road. I’ve been watching videos and reading in here for a few days now, and I’m learning and I do understand “the wheel,” but there are a lot of aspects of options that I absolutely still do not understand. I will read some posts in here that go way over my head. I have no issue studying, learning, putting in the work, taking the time, etc- but I’m smart enough to know that I’m not smart enough to do everything. Is there anyone out there who is of average intelligence, knew nothing at first, was confused for awhile- and then eventually got it? +From CNBC + +https://www.cnbc.com/2020/01/13/this-was-the-best-strategy-for-picking-stocks-the-last-10-years.html + +"Picking stocks with the highest dividend yield was the best strategy last decade, according to Bank of America. " + + +"Stocks with the highest dividend yields quadrupled in value over the last decade, outpacing an equal-weighted S&P 500 by 120%, according to a Bank of America note published Monday. The trailing 10-year performance of stocks with the biggest dividend yields ended last year at its highest level since 2001, according to Bank of America. The firm divided up the S&P 500 into deciles by factors to find the results." +tl;dr - Went from 4.3m to 4.6m. Investments went way up, urge to track spending went down, crypto wound up flat but varies a lot each day. Spent a lot, got a low paying short time job by accident. Still fucking myself. + +&#x200B; + +History: [FIREd in September 2020](https://www.reddit.com/r/financialindependence/comments/itmbmz/went_full_fire_today/), gave a [6 month update in March](https://www.reddit.com/r/financialindependence/comments/m5vq2s/post_fire_6_month_report/), this is the 1 year update... a month late. + +&#x200B; + +**Investments & Net Worth (Canadian)** + +My family's net worth went from $3.2m last year to $4.3m in March to to $4.6m today. Over the last 7 months, investments gained $300k, crypto gained $100k and spending was $77k. + +I spent some time automating the spreadsheet that tracks our net worth. It now accounts for every investment, crypto and foreign exchange. My wife and I can now check our net worth in seconds on any device we own. On any given day, our net worth will go up or down by 30 - 100k, mostly due to crypto. Monthly we manually update our bank & cash numbers. + +I tried to isolate investments I consider very low risk & low reward (cash in investment accounts, money market funds, low variance funds), so I have retroactively reclassified them as "low risk" and have been migrating away from them. + +This table is a hot mess, but is a summary of where we were at various times ($ in thousands). + +&#x200B; + +|Date|Cash & Low risk|Equity Index ETFs|Crypto| +|:-|:-|:-|:-| +|Sept 2020|990k|1900k|310k| +|March 2021|750k|2470k (contrib 420k, gain 150k)|1100k (cashed 250k)| +|Sept 2021|390k|3130k (contrib 360k, gain 300k)|1120k (cashed 80k)| + +The plan is to get down to $100k in cash, and cash out more crypto next year. + +&#x200B; + +**Spending** + +It has been very hard to track spending. My short term work earned money, I received a $10k tax return. Money moves from so many accounts for many different reasons. + +In the last 6 months total spending was roughly $77k with a goal of $50k. We knew that we would spend more, and being well over our FIRE number made it too easy. We did buy some major items for the home that should last decades, but did not buy the car yet. + +We also decided to do a one time gift of $40k to close family members. We have given away $15k of that so far. + +I booked and partially paid for 2 big trips next year - Bahamas and Fiji. $5k. + +If you back out the major household items (water heater, furnace) and the $15k for the onetime gifts it comes closer to the target of $50k. (edit: finished the sentence). + +&#x200B; + +**Personal** + +My health took a beating in March - June this year and I gained a lot of weight. I am back on track as of September - have been kind of watching what I eat and going swimming almost every day since quitting my new job... + +Back when vaccines started ramping up, I tried to volunteer to help get people vaccinated. The recruiter only needed people who were certified to inject, they had all of the other jobs filled. In September, I was contacted and hired to help with booking covid vaccines. I helped 28 people, but only actually booked one vaccine. I quit after 2 weeks because each employee was only helping about 3 people in a 7.5 hour shift. My leaving was not noticed at all, and since then, some employees helped no one for several days. For pay, it was $19/hour or about a $35k / year job. It was crazy that each day our net worth would change by more than a year's pay at that job. + +Our family has finally started going out post vaccination. In August, we took a first trip for a week. I used to travel all the time, now it was 18 months between hotel stays. The Canada/US border is opening, so we can see relatives, and we have tickets to see Andrea Bocelli in December and an art show in January. + +Recently, FIRE has become the new normal. I barely think about my old work, it seems like a distant memory. + +&#x200B; + +**Future** + +We do plan on buying a car soon, perhaps in these 6 months. We are also going to replace other major items soon. + +Long term, it looks like our net worth will continue to climb. We are considering how to properly educate and give to our children in the future. Our sons don't know specific numbers, but do know that mom & dad have more than enough money. I have to remind myself that its important for them to feel agency when they buy something when they slap down a $20 to get a game or something on Amazon. + +If people are interested, I will update yearly. + +&#x200B; + +Edit: + +Here is a template that shows the automation and layout of my spreadsheet: [https://docs.google.com/spreadsheets/d/1El8osPHPE8ljbLw6UDyIR06KjjWjuQt1OKL3vkjxrBg/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1El8osPHPE8ljbLw6UDyIR06KjjWjuQt1OKL3vkjxrBg/edit?usp=sharing) + +&#x200B; +I’m kind of an accidental real estate investor in the sense that i inherited a house in a different state (AL) that is rented out to someone. They have stopped paying and I would like to kick them out, but I’m 400 miles away and don’t have a property manager. +What should I do to get the eviction started? Do I need an attorney? If so, how much should I budget for the eviction process? +I am curious about how others are following similar advice to what Graham Stephan mentions in his [Beginner's Guide to Investing](https://youtu.be/VXeaU0i54H0?t=243) (exact time stamp is linked). The video time stamp describes how many lenders look at the past 3 years of tax returns to determine an individual's eligiblity for a loan. And Graham offers some advice in regards to this. + +In this video, he says that if trying to qualify for a mortgage, one must observe three things: + +* Excellent Credit +* Proof of income +* Shopping around for lowest interest possible + +The part I'm particularly curious about, and that I've linked above, is when he mentions how to structure your tax returns to show more or less income in a given year. Graham says that having too low of an income will disqualify you for homes you want, while having too high of an income is not worth the extra taxes paid and offers no added benefit in a lender's eyes. + +He then goes on to say that he artificially deflates income by adding in write-offs, while inflating income by getting a lender to review his upcoming year's tax return in October or November of a given year, then upping his income at the end of the year by realizing more capital gains if needed to buffer his AGI for that particular year if it is not high enough for a mortgage. + +What do you guys think about this strategy? Is it legal, and furthermore if so what is the sweet spot for income, to stand out on paper, but not going overboard and pushing oneself into higher tax brackets? + +I've done some small calculations and it seems that for Single filers, always showing at least $40,000 in capital gains income a year is a no brainer. For married filing jointly, $80,000. As the 0% long term gains tax bracket should be taken advantage of if one has the ability to do so. Beyond that, at least for the federal tax brackets, one should shoot for at most $160,000 in overall income every year if they are able to. This puts them in the ordinary income bracket of 24% for single filers, or 22% for MFJ filers. The next highest bracket being well above at 32% which is a huge jump. While the bracket below at $80,000 in ordinary income is only 12%, but may be too low to qualify for a more robust loan. + +Eager to hear your guys' thoughts on the matter. Those with capital gains income as their primary source of income most especially. As with capital gains, one has greater control over how much of those gains they realize in a given year, and can effectively plan out what their rough AGI will be each year. So if you wanted to appear as a $100,000 earner, or a $200,000 earner, you could do so with ease if most of your income comes from investments. +I just wrapped up my first start to finish deal yesterday getting a 2 year signed lease. Technically my first deal was my primary home converted into a rental when I move to my next house, but I don't really count that since I somewhat started halfway through the process. + +**Details of the Deal:** + +**Source: Wholesaler.** I had networked with a few local wholesalers, I called a few bandit signs, craigslist ads, etc. and started to receive deals in my in box. I did this way ahead of actually intending to buy as a way to familiarize myself with the types of deals and to supply my self with examples to build out my support model. A lot of these deals were not a good fit, either the numbers didn't meet my criteria or the rehab was to extensive for a new comer, or other the numbers were just wrong. I would estimate that 80% of deals were almost an instant nope not going to touch it, 15% were better deals but still had some issues or unknowns that would be more risky (foundation issues, roof, etc) and 5% were good deals that met my criteria, these ones went really fast and I missed out on 2-3 that I would have purchase. + +**Type of Deal: SFH - Buy and hold/rent**. I was looking at both SFH and multi units in the area. + +**Budget: <$150K all in**. I contributed around 25K and sourced the rest from private loans. + +**Exit strategy: Cash out refi, ultimately sell or owner finance.** I am in Texas so I bumped up against some lending constraints on the cashout refi portion where every bank/credit union (called 20-30) required 6 month seasoning. This is not the end of the world but was not really built into my plan since I wanted access to my cash to do another deal this year. I did ultimately find a lender that could lend me 100% of the original purchase price + closing costs. I was fortunate that this deal had a low rehab cost so I could still pull the majority of my cash back out. + +**Repairs:** All repairs were placed on a 0% interest CC, with cash back, I got a sign up bonus as well, so as a result I made \~$300 using it. It will be paid off in full at the refi and it still has 12 months before interest starts to be applied, which is about the same time I will open a new CC. + +**The numbers:** + +**Purchase:** $130K + +**Repairs:** $7K, wholesaler estimated 12K, I did a lot of the work my self so I was able to cut some cost out. 12k would have been pretty close if I paid for everything to be done. + +**Hold time:** \~5 weeks, from getting keys to lease signed + +**DOM:** 8 days, from listing to signed lease, technically I had my tenant confirmed about 4 days in. + +**Appraisal:** $180K ( I feel this on the lower side, should have been around 7K more based on comps) + +**Rental:** 1600/month, have a signed lease for 2 years, wholesaler estimated 1350, I did my research and new the area, largest home available, upgrade features. At my price point I had around 30 interested inquires and 3-4 solid applicants + +**PITI:** \~1250, still waiting for final numbers from the refi + +**Cashflow:** 350/month before maintenance and other costs. I plan to property manage the property myself and based on my rehab I anticipate low costs for a while, but still will account for it in my numbers + +**Cash left behind:** After receiving the total loan amount in the refi, I should be leaving around \~$4K + +The house is a large home 3024 sq/ft so I am weary of holding it for to long unless rental prices go up in the area by another 150-200. I will likely explore selling it after the 2 year lease, or possibly owner finance it. + +Overall I am thrilled with the experience and excited to tackle the next opportunity. +What do you think of his work and his opinions on Portfolio Theory? He seems like a guy who is well knowledgeable and has had experience with Quant Finance. +Personally i enjoy his words on not blindly relying on models and the critic of the bell curve. +Whats your take on him? +I had an idea of using GA to create a new technical indicator basically string together a bunch of simple instructions for the genetics. Probably won't lead to anything but an overfitted indicator that has no use but would be fun to try. + +For each point you can start by initilising a pointer at the current position in time. You then initilise the output to 0. + +Moving: +Using two commands like move one point in time left or right; shift right only if current position<starting position else do nothing (prevent looking into the future) to move. + +You can have basic operations: ++ - / *(add/multiply/divide/multiply whatever is in the outout by the following operand) + +An Operand should always follow an operation and do output = output <operator> operand +(would be o/h/l/c/v data at the current cursor position) or a constant (say bound from 1 to -1) + +So for example a 2 point close ma would be made from 4 genes: + +Operator(+) +Operand(close) + +Move (-) + +Operator(+) +Operand(close) + +Operator(*) +Operand(0.5) +I'm 34. Lost my job in a career field I've spent years in to smoking pot. I'm an idiot. +Was able to save 9k last year, first time with an actual savings. But, now I'm back to not being able to afford rent. + +Now I owe 9k in back taxes because I don't know what I'm doing when I file and get overwhelmed. + +I just started a new job making $18/hr. +Downloaded mint. + +Trying to really get my life together. + +I feel like such a loser around my friends and family. +I don't date because I feel as if I would be an unstable candidate. + +Can someone help me figure out how to budget? + +Edit: um + +Wow + +Thank you. I'm immensely grateful for you all. Even the negative messages. + +I'm getting caught up on everyone's response. Bare with me! +Hey there! + +Newbie here. I'm 27M and looking to invest using my TFSA. + +I am looking to maximize my TFSA using the following: + +* 60% in XEQT.to (for global + US exposure) + +* 40% in Canadian dividend-paying stocks (diversified across different sectors) with DRIP + +I would also employ a similar strategy to my RRSP, but with more US-dividend stocks instead of CAD-dividend stocks. + +The idea here is to buy/hold and never touch until retirement. + +Is this a good approach or not? Is there too much allocation in dividends? + +What else or changes would you suggest? +I just graduated from college back in May. I have $20,363.63 in student debt. I won’t have to make my first payment until January 23, 2021. I don’t pay rent at the moment because I am with my parents but my issue is if I should pay the whole lump sum in one payment or pay $210.55 for 120 months. I have no credit card debt and to be honest I just want to begin the new year debt free and begin structuring my life. Thoughts? +JFKs father famously sold off his positions when his shoes shine boy started talking to him about the stock market and giving him advice on what companies to own. [Full article.](https://www.businessinsider.com/how-to-spot-stock-market-bubbles-2017-10) + +&#x200B; + +The fact that r/wallstreetbets has been the number 1 "fastest growing subreddit" recently should probably set off some warning bells. May be wise to at least hedge or reconsider the "stonks only go up" mantra. + +&#x200B; + +impossible to call a top but can always protect your account from getting blown up. Right now we are 17% above 200 DMA, in 1999 it went to 50%. This market has room to get even more retarded so going negative is probably ill advised. That said, when it drops it'll be epic and I look forward to seeing the fallout. + +&#x200B; + +Good luck fellow autists! +Spent my 20s relatively broke. I backpacked a lot and became a master at stretching my money to last as long as possible. And I had a few mental health issues that made it difficult to work full-time so I was always living frugal. + +Fast forward to 30s I've made & saved good money. Exceeded my own savings goals, but can't seem to spoil myself or spend unnecessarily, even when (safely) holidaying... + +How to break free from this mindset and enjoy my money more? +Although their interface is a bit less intuitive, the customer service has been fantastic. Bonus: They're the only place that has let me set a Limit Order for 1 share at $2,000,000 for 30 days. + +For those reason's I'm going to give them a follow on Twitter. [https://twitter.com/Computershare](https://twitter.com/Computershare) + +https://preview.redd.it/jyvxlrd8ehp71.png?width=520&format=png&auto=webp&s=08ffce802bd72769ee627b31645909d78a623124 + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Hi, + +I recently inherited about $2M. I am 29, live in a HCOL city, and work in advisory for a big 4 accounting firm, currently making about $130k/year. Recently, I've felt stuck in my career, and am trying to adjust my plans to account for this inheritance. Knowing that the best thing I can do with the money is probably to invest it in VTI and leave it, I'm asking more for advice on how those who have achieved fatFIRE would approach their career in my situation now that I'm not chained to this W-2 but am not very close to my FIRE number of $5M-$6M. + +I have no interest in the industry I'm in and I work a lot of hours for a salary that isn't nearly as desirable as before I inherited this money. I'd like to make a career change that accounts for the increased risk tolerance I now have - whether that's going back to school and changing industries or finding a different type of role. I'm also hoping to live a little more - traveling and working less hours. Before the inheritance, I was considering going for an MBA, but I'm not finding it as easy to justify the end goal of consulting of banking anymore. Any thoughts or advice are welcome! +Russia not throwing in the towl yet. Plans to do a substantial buy on the market (when it opens). + +"March 1 (Reuters) - The Russian government has ordered the finance ministry to channel up to 1 trillion roubles ($10.3 billion) from the National Wealth Fund to buy shares in Russian companies, a source close to the government told Reuters on Tuesday. + +($1 = 96.8050 roubles)" + + +https://www.reuters.com/business/finance/russia-spend-up-10-bln-rainy-day-fund-buying-russian-shares-source-says-2022-03-01/ +...on its own. + +Hello dear fellow FIRE-seekers! I’ve been enjoying philosophy recently (mostly Alan Watts books and John Vervaeke’s ‘Awakening from the Meaning Crisis’ lecture series \[[youtube](https://www.youtube.com/watch?v=54l8_ewcOlY)\]). A lot of it resonated with me and made me think more about FIRE and its meaning. So I thought that you might enjoy these observations too. + +Today I would like to address focusing too much on *reaching* FIRE. Many folks (including past me) start their FIRE path very vigorously and with a lot of zeal. I would call this a “FIRE honeymoon” period. FIRE is still new. There are so many low-hanging fruits to cut the expenses. Your net worth is multiplying like crazy. And the promise of the eternal bliss of never working again hangs in front of your nose like a carrot. This zeal by itself is not bad (again, I was exactly like that myself), but it creates an illusion of FIRE being the Holy Grail of one’s existence, paradise on Earth and 42 at the same time. It might even become one’s *only* life goal, and this is dangerous. + +Being so FIRE-centered sets an unhealthy reference point. As Laurie Santos points out in her renowned [course ‘The Science of Well-Being’](https://www.coursera.org/learn/the-science-of-well-being) (free and highly recommended), humans are bad at absolute estimates. So we stick to relative comparisons in almost everything by using reference points. These reference points can be healthy (for example, comparing my happiness living independently versus me living in a student dormitory with a bunch of roommates) or unhealthy (comparing my abs with Brad Pitt’s abs in *Fight Club*). Some of these reference points help me to appreciate my current state *more* (“I’m so glad, I don’t need to share my room with a bunch of strangers anymore”), and the unhealthy reference points make me feel like a failure (“heck, I’m not Brad Pitt”). Unfortunately, anticipated FIRE can function as an unhealthy reference point. Every living minute is being compared with that ephemeral thought of once you are finally FIREd. Waking up early, because of work? “Oh, but when I FIRE…” Feeling tired in the evening? “But one day…” Not being able to slow travel? You get the point. Unfortunately, this only makes you feel miserable *now* and *does not make the marvellous future any closer.* + +Aside from thinking about FIRE, one can easily make themselves even more miserable by cost-cutting all the fun and joy from their life. Once you get rid of the low-hanging fruit expenses, you gain quite some momentum and it is not always easy to stop. So once the true bullshit is gone, the good stuff, which you truly love and enjoy, can’t avoid being sacrificed for the almost holy sake of FIRE. (I am unfortunately also speaking from my own experience.) + +Such future-focus has another non-obvious pitfall, which I understood after reading Alan Watts’ *The Book*. He claims that *one living in the future now will never be able to live in the present*, even when the future comes. Being a huge gratification-delayer, this resonates a lot with me. Indeed, while it is easy to perceive FIRE as THE ANSWER™, it will not magically resolve all your problems and concerns. FIRE-ing might even create additional ones: “Is my stash large enough?” and “When will the next financial crisis begin/end?” As one FIREd guy put it - “There is no prize when you reach FIRE.” + +I personally try to model FIRE as a ‘life multiplying tool’. Right now you have to spend 40 hours a week doing stuff for money which may not be too aligned with your wants. Once you are FIRE, this will be gone. So you will get 40 hours per week back. If you have a lot of stuff to do, and already enjoy your life outside of work, FIRE will multiply the joy and give you even more time to enjoy stuff you love. “Woohoo! I have 40 more hours per week to live my awesome life!” However, if your life happens to be pretty empty because of your financial reductionism and centered only around sacrificing yourself to make money, you will only gain 40 more hours to feel unhappy. + +I like to remind myself FIRE is not an answer. FIRE is just the first step in the direction towards happiness. Enjoy your present and live your life now! +How would people recommend going about finding a partner with the same financial values as yourself (eg. general FI principles) given that money is somewhat of a taboo subject? Would you bring it up early on or just see how they behave and maybe bring it up later on in the ‘getting to know them’ process? +I have seem number of people holding PNG in their portfolios here. I wanted to ask why is this marine tech company attractive for ppl at this point in time? What are some of the upsides you guys are seeing? +Good morning. I'm back with a new small-cap play out of the Great White North. Some of you may recall I had a write-up on a company by the name of Converge Technology Solutions (TSXV:CTS) several months ago when the stock was ~$1.30. The stock has run up to about $2.30 with a bought deal financing announced yesterday (the second one in 4 months!) for $20m at $2.05. Hopefully some people did well on that name and I still believe it is a hold with a price target now raised from my original $2.50-$3 to $3.00-$3.50. + +My next play is ProntoForms (TSXV:PFM) - a pure SaaS company with traditional SaaS metrics. From a high level - they develop workflow forms on mobile devices for field workers. Simple right? + +Yes. Very simple idea in theory. But what happens when you need your forms to talk to each other? What happens when you want the information collected to go straight to head-office and quick analytics run on it? What happens when If A, open form B, but if A has caveat X, open form C. Might be simple on Excel, but not so simple to translate into a working solution out on the field. + +I should clarify a bit. When I see field worker I mean guys in Oil & gas field (PG&E), elevator repair men/women (Otis), facilities management teams/HVAC (Johnson Controls). Those brackets? Yea, those are ProntoForms clients. Download the investor deck from their website and you will see all of those names. These are what the clients call "Enterprise Clients" which consist of companies that pay more than $100k annually in revenue. These types of companies account for 38% of total ARR which is impressive. + +The Investment thesis: digitalization of the workforce was already happening. COVID has expedited this. That's not a novel idea, but ProntoForms has a head start. They've been going at this for a decade and with customers like the ones listed above (just to name a few) they already have inroads with massive accounts. I expect **huge contracts** out of some of these names of the coming year or so. + +Let's jump into the financials a bit. Like any good SaaS company I'm going to refer to some traditional SaaS metrics but mainly Annual Recurring Revenue (ARR). (All numbers are in USD). + +ARR as of Q2 2020 was USD $16.1m compared to $13.7m in '19. 18% growth in crazy COVID times compared to 26% growth form '18 to '19. I'll take it. This revenue has a margin of 90%. Churn rate for the company has historically been less than 5% annually. + +Total revenue consists of a recurring component (about 90% of the total base) and 10% professional services (i.e. maintenance and implementation fees). Total revenue recognized in '19 was 15.1m while analysts have them doing about 17.1m this year (15% growth compared to historical growth between 20-30% annually). + +Now what about profitability? Well my friends, we are in the world of SaaS where the only black ink involved comes out of eating octopus in Silicon Valley (bit of a stretch but I got nothing better sorry). So there is no real profitability. **But that's ok** + +The company historically shows a loss of $200k-$400k in "non-GAAP op loss" (which is effectively their adjusted EBITDA). However, on a cash flow basis (annually), they are effectively cash neutral. That's the beauty of this size SaaS company - they deferred revenue they receive allows them to fund themselves without having to raise any money. They may show a loss here and there, but there is no need to worry about financing to dilute. With $5m cash on the balance sheet, no worries about financings. + +A few more points on this - in Q2 they showed a small profit. That is a function of COVID reducing their ability to travel which is a big part of sales and marketing. That will always be about 50% of revenue - this is a growth story after all. + +Ok I'm rambling but a lot more to say. 3 more important points - valuation, ownership and the end game. + +**Valuation** + +Right now, about 3.5x 2021 sales. An absolute steal when you look at some of the dog shit companies out there. If this company were in the US, it would be trading at 10x EV/S. SO you're looking at an easy double at minimum. + +**Ownership** + +I've never seen such smart money behind this story. A lot of you are going to come out of the woodworks and say "This thing has no liquidity! muh muh my liquidity!". This isn't a liquidity story. This company might as well be private. **80% of the shares are locked up between management and institutions**. Pender Funds? Yea, they own just under 20% of this company. Terry Matthews, founder of Mitel, he is a seed investor in PFM and I suspect he owns well over 10% as well. Phil Deck, another big tech investor out of Canada and board member owns a good chunk of this company as well. **This is a smart money play**. + +So what you end up seeing are days in the market where 1m shares trade and then 3 weeks of very little. Those big blocks are US and Canadian institutions hunting down shares to take positions. This is the type of story where you set it and forget it in your RRSP and wait for the end game. + +**Speaking of: The End Game** + +Hopefully you've made it this far. + +Like my last play CTS, the end game here is a takeout. This will never be a billion dollar market cap because Private Equity or a strategic will come and take it out. Go download the investor presentation and look at the deck - if you come across the channel partner slides you will find several logical buyers. + +Don't believe me? Let's look at GoCanvas. Mobile forms based out of the US. They were acquired by PE last year. Details on the transaction are murky but from what I understand it was between 8-10x recurring revenue. That would take us to the above valuation I mentioned earlier or by today's metrics, $160.1m USD. Convert that to Canadian, you're looking at ~216m CDN or **$1.80** per share. + +Feedback appreciated. Happy to answer questions and defend my thesis. +Hello all! + +Apologies for being a week behind, I actually caught a very nasty bug and have been out sick for quite some time. I went and received the COVID test to be sure and I am ok. I am vaccinated so it would have been rather upsetting to catch COVID but alas, that is not the case. This week I will update you on both weeks 9 and 10. + +I've learned of another excellent feature by TradesViz that allows me to share my profile so these posts won't be littered with screenshots anymore, but instead links to specific moments. + +# Key Statistics (Overall) + +Again, reminder that the overall data is going to take quite some time to balance out as the first several weeks served as a testing period where I would do a lot of 1 share and very low leverage trades in an attempt to practice my strategy and the usage of the software. I would focus more on my weekly statistics to gauge my progress so far. I imagine by the end of this year, my overall statistics should be balanced. + +Account Net Worth: $77,050.50 + +Cost of Positions: $103,461.93 + +Unrealized P/L: $4,302.43 + +Realized P/L: $16,732.83 + +P/L % Change: 11,675% + +Average P/L Per Day: $408.12 + +Win Rate: 56% + +Profit Factor: 6.184 + +**Positions:** + +SPCE Long 1500 35.82 + +RCON Long 200 6.24 + +GME Long 20 229.22 + +FUAPF Long 1000 0.1467 + +CX Long 100 8.56 + +ACTC Long 2313 17.09 + +&#x200B; + +https://preview.redd.it/6chvehq3aw471.png?width=1336&format=png&auto=webp&s=d7121ea7c3e90c75b4afdefe2073baade0bded39 + +https://preview.redd.it/vjyzo5gbaw471.png?width=1344&format=png&auto=webp&s=484bbd75726349d5bf3b706aa3c716bc59abf25f + +https://preview.redd.it/s20xkx3gaw471.png?width=1264&format=png&auto=webp&s=ad6527dd9252d5594a4465e87545c5d8fb7c0186 + +https://preview.redd.it/24gp4fehaw471.png?width=1242&format=png&auto=webp&s=68f6ee7c00e75df9ab38bd3732dbb872f6b7151b + +https://preview.redd.it/vn5e3swiaw471.png?width=1330&format=png&auto=webp&s=4b7cbdf2463665223214d56ce71b1f4f6e28d014 + +# Week 9 + +I'm a bit upset with myself this week. The market decided to go on an obnoxious bull run and instead of playing deep into a very giving market, I continued to restrict myself and play with smaller amounts. I should have taken advantage of this insane market and made a significant amount more, but it is what it is. + +P/L: $591.86 + +Win Rate: 100% + +**Monday** + +Markets closed for Memorial Day + +[Tuesday 06/01](https://www.tradesviz.com/viewday/PEFDJYjh) + +Win Rate: 100% + +P/L: $55.01 + +[Wednesday 06/02](https://www.tradesviz.com/viewday/e8QQVzIh) + +Win Rate: 100% + +P/L: $165.16 + +[Thursday 06/03](https://www.tradesviz.com/viewday/ejRQw7tI) + +Win Rate: 100% + +P/L: $68.38 + +[Friday 06/04](https://www.tradesviz.com/viewday/joncVWIV) + +Win Rate: 100% + +P/L: $303.31 + +# Week 10 + +The sickness started hitting me over the weekend but didn't really catch me until Monday. This was a very sad week to not be trading all that much because again, it was just a ridiculous bull market where a large sum of money could have been made. + +P/L: $7,433.45 + +Win Rate: 100% + +**Monday 06/07** + +No trading, the sickness was painful + +[Tuesday 06/08](https://www.tradesviz.com/viewday/Rf7I4KMz) + +I was still very sick but wanted to cash out a portion of my SPCE swing and calls ahead of CPI data. + +P/L: $3,775.75 + +Win Rate: 100% + +[Wednesday 06/09](https://www.tradesviz.com/viewday/BU6I0tnN) + +Still wasn't feeling well, cashed out the rest of my swing position and did some very light trading. + +P/L: $3,056.93 + +Win Rate: 100% + +[Thursday 06/10](https://www.tradesviz.com/viewday/n7cdK9eK) + +Again, still not feeling well. Decided to day trade SPCE a little bit since I'm not done swinging it, that way if I made a bad trade I could just hold until the next catalyst. + +P/L: $600.78 + +Win Rate: 100% + +**Friday 06/11** + +The sickness I thought was getting better but I didn't feel so hot, decided to go on stream, didn't really trade. Later in the afternoon I decided to take an RCON play, I didn't want to use a lot of leverage because I wasn't feeling so great and it was the end of the week. So I bought 100 shares and I was up 15% on the trade. I decided not to close like a big dumb dumb. I think it's because I was using such small leverage (around $600) that it didn't even register to me that a $90 win was huge. I should have taken it. I didn't. Looked like a bull flag forming over VWAP, it failed and fell. I decided to hold onto this trade because I think it was tremendously oversold on good news. I will be looking to close this position early next week on the first bounce if it ever comes. + +# Psychology + +I feel that I am doing much better with the psychological aspect. I still am not trusting myself completely which is certainly costing me some money, but that's ok. I am happy with my performance so far in this journey. As I grow, so will my account. + +Speaking of that, the time has come. I am at a point where I will need to start taking draws from my account so this is where the reality begins to settle in. Now I need to be able to take a draw from my account and factor in the taxes on all these gains, then I need to make back not just that amount, but more in order to continue growing my account. + +I thought this realization was going to be daunting but it was actually quite exciting. I am now at a point where this really is my primary source of income meaning I am actually a full time trader now. I obviously wanted more time to learn and practice before it got to this point but it is what it is. For those who do know the entire story, you know why I didn't have more time. + +I will be moving out of my apartment in October thankfully and that will help quite a bit. My cost of living here in NYC is extremely expensive and a huge factor to the pressure of monthly gains required to continue this journey. + +Essentially, I just need to survive until then, I'm not looking to live an elegant lifestyle any time soon, I simply want to get by. The goal is to make enough to pay off the remaining debt I have \~$35,000 and then greatly reduce my monthly costs by moving. + +Once that is complete I will be aiming at generating enough to cover the 2021 tax bill. + +The goal here is that come 2022 I will be debt free, have greatly reduced monthly costs, no worries of tax, and a years worth of training under my belt. + +I am very hopeful that I can complete all of this by the end of the year and if I am able to, then I will be very excited to truly begin my trading career in 2022 with a "fresh start" after completing my year long "training". + +# Software + +I'm still absolutely loving TradesViz as my journaling software. + +I'm still absolutely loving TradeStation as my trading platform. I have two issues, one is minor the other is major. + +The minor issue is still the charting software. For whatever reason I can't move the chart without clicking on the actual candles which gets quite irritating as I zoom in and resize. Not only that but if I have the chart marked up with dynamic support and resistance the click box of those horizontal lines is huge. So if I want to move or drag my chart and I go to click the candles, if there is a horizontal line anywhere near where I am clicking (even if it isn't directly on it) it will grab that instead. I started locking the lines so I don't accidentally move them but it doesn't change my inability to grab the chart itself without zooming in a ridiculous amount first. + +The major issue is with reporting trades. For instance, if you look at the June 9th trades you will notice that ZEV shows a P/L of $0. This simply isn't true, nor is it TradeViz's issue. The CSV file from TradeStation only includes 1 ZEV trade and that is the sell I completed on the 9th. TradeStation is missing the trade where I bought in the first place. It doesn't exist anywhere in the data. I will be contacting them Monday to work through this and see what the issue is and how to fix it. + +Starting next week I will be manually logging my closed P/L daily because what I am reporting here is definitely slightly off. (Not in a bad way, it's actually lower here than what it should be). In future reporting I will include my manually calculated closed P/L daily/weekly in case there are trades missing here and there until things are sorted with TradeStation. + +**TL;DR:** We are on the way up. +I was seeing some articles and videos saying that SPY in the long term always outperforms snowballing dividend stocks like SPHD over the long term. So is it a better strategy to invest mostly in overall market etfs like SPY or VOO and then when I am ready to retire in about 15-20 years invest that money into dividend stocks to live off of? Or just invest in dividends now and compound for about two decades, which mind you wouldn’t be long enough to see those crazy gains by compounding which require 30+. +I have little knowledge of economics (or of mathematics either). And I wish to start learning the basics of it. One of the names I frequently come across is Greg Mankiw's Principles of Economics. Some other names I came across were Hal Varian, HL Ahuja (Indian author). I just skimmed through them and liked Mankiw's one because it didn't have a lot of mathematics and was written in a simple way. + +So before actually committing to that book, I just wanted to ask this Reddit. How good is Mankiw's Principles of Economics? Does it provide a good coverage of all the important topics in economics? How long does it take to cover the whole book? + +Also, what's a good way to learn all those graphs in Economics? Any special learning techniques as such? + +My aim is not to do a degree in Economics. But I need a good base in economics for competitive exams as well as life in general. +How much would things cost if negative externalities were accounted for? + +It costs me a couple of dollars for a gallon of gas, and a couple of cents for a napkin. + +It makes sense for me to consume these resources perhaps more than I should. + +How much more would they cost if the price included things like the cost done to the environment? + +Of course this is a hard question to answer, but surely there have been attempts? + +Bonus question: positive externalities. +Hi, + +I was wondering if there are any professors or programs or anything that allows high school students to work on an economics research paper remotely? I mean I know that high schoolers might not know shit and aren't even qualified but still, if you happen to know any opportunities then please please let me know. +After two hours of search in Google and my econ book collection I am at a loss as I cannot find a reference for a topic I remember once reading about. + +If I recall correctly, the story goes that, during the Cold War, a few Soviet economists were discussing about what would a post-capitalist world look like. Considering the price calculation problem that had been forwarded by Von Mises, F.A Hayek and a few others in the 1920s and after, one of these theorists concluded that, following the triumph of the revolution, they would have to leave at least one capitalist country so that communist countries would have a reference point for setting prices (I think New Zealand was proposed). + +Remember that the Gosplan usually determined production quotas and fixed prices based off of taking a look at what western market and newspaper indexes were indicating. + +Could someone help me out finding a reference for this? If possible, could it include the name of the theorist that proposed the idea? +China seems to develop rapidly and is able to achieve its goals without issues in other issues. Why is this and how come it can't be implemented by other countries? +Hello all, I [was watching a Business Insider video](https://www.youtube.com/watch?v=LVVO8b4vvis&t=1086s) going into the obscenely high prices or the San Francisco housing market and it got me thinking as to what are the key contributing factors leading to the horrible costs of living in the city. + +While it seems pretty clear that San Francisco would have a high demand for housing (great weather, tons of culture, high paying job sectors, etc.), it also talks over a lot of the regulatory burden in housing in the city (environmental regulation, abundance of tenant rights, zoning laws, building codes, etc.). + +From my (likely misguided/incomplete) understanding, the housing market is fairly competitive (abundance of qualified workers for construction, firms making only a small profit on average, rent control, etc.), so to me it seems like if construction companies, realtors, and renters were able to operate with less government oversight than the cost of housing would drop quite a lot. However, I don't want my bias to minimal government regulation to make me overreach in my assumptions, as I know that there is a very high demand and surely other reasons as to why housing in the city may be high. + +If anyone who has studied such matters has any knowledge that would help correct anything I have misunderstood through ignorance and bias please let me know as these are the kinds of issues I do care about and want to make sure anything I would be in favor of would help the problem rather than just add to the list of ignorant voices discussing it. +I live in france, where protests are demanding a higher minimum wage. The hourly salary is currently at 9.88 before taxes, and 7.83 after. + +If it could be answered relative the context of france, that would be fine. + +Is there a point where a higher minimum wage also results in higher unemployment? +This idea seems like it could lower prescription prices while still maintaining the "free market" of the industry, as companies would then be forced to offer their drugs at competitive prices now that consumers can get these medications from other manufacturers. + +How do you think this would affect the industry as a whole? +Lego sets cost hundreds of dollars and because of poor performance the company is cutting its staff. But why wouldn't it consider cutting prices first? +Hey! + +I do believe that a main misconseption is that... + +**GDP is considered as a measure of growth**. GDP can increase through numerous methods that are unrelated to growth - these include monetizing reproductive labor (ie if you switch from doing laundry yourself, to having a service do your laundry it will show a GDP growth, but no actual economic growth has taken place). + +**Do you have any other ideas?** +Curious to know what softwares you might use to manage your day to day and more specifically, ones that you use to automate things. I heavily use Google Suite (gmail, gcal, sheets, docs), and have tried many task apps like Asana, Apple Reminders, Trello etc—none of which stuck. When it comes to smart home softwares, I am deeply entrenched with Alexa to control lights, timers, music, etc. Generally speaking, I'm hoping to discover some apps/softwares to increase/automate productivity. +Yesterday Kenneth griffin got on national television and told the financial world that retail investors are to blame for diminishing pension funds. Now I don’t know about anybody else but I had no access to anyone’s pension fund. The only money I am allowed to invest is my own money from my bank account. How can I be blamed for this? I don’t even have 10,000$ invested in the stock market? + +And how is it that that guy can lose all those peoples retirement money and not Pay any of his money out of pocket? Shouldn’t a hedge fund manager be liable if he makes stupid decisions and cost people their life savings? +I’m considering putting a small portion of my portfolio into syndicated real estate deals. Perhaps 10% over the long run, with the rest in VTSAX. I was convinced by [this post](https://earlyretirementnow.com/2020/02/26/real-estate-investments-and-safe-withdrawal-math-swr-series-part-36/) on EarlyRetirementNow that I should consider it. However, I have no idea what I am doing. So, here are my questions as I get started learning. + +* What sort of due diligence should I do on the syndicators and funds? I’m starting to reach out to a few established firms/developers, but I’m not entirely sure what to look for in their offerings. +* How do I compare offerings? The pref rates are different, the strategies are different, the split of the long term ownership is different. +* Should I believe what the offering memos say? I assume I’m not going to get completely scammed as long as the fund/syndicator has a long history. But it’s easy to imagine they are all being overly optimistic on projections. On the other hand I’m paying high fees because these operators have strong local knowledge. +* How do I get a better handle on the tax issues? I realize I could hire an accountant, but I’d like to read as much as I can myself first. +* Is this really worth it, or should I just stick to VTSAX? + +I’m particularly interested in hearing first hand experiences from people who have done this before. I have no interest in being a landlord or in buying REITs. +Hi all, + +A friend of mine recently moved to Germany and is in need of a bank account so her parents can send her money for living. + +Some basic infoHer parents are in brazil.She has dual citizenship both German and Brazilian.She is registered (meldebestätigung) and have a tax ID.she is studying German but not working. this makes her an unemployed non student person with no fixed/regular income.Also she is < 25 (useful because some banks have age offers) + +The situation is a bit tricky. I don't really know how things work but her parents need to be able to send BRL and she needs to be able to spend EUR. Somewhere along the transfer there must be a conversion that we are expecting to have a fee, so we would like to find a service that has low or no fees. + +So far we have looked at some options such as ING, DKB, Comdirect, N26 or WISE.ING keeps refusing her for some unknown reason (maybe nationality, we don't know). DKB we haven't tried yet but from what we seen on reddit she would probably be refused there too and we are unsure if N26 will actually work. (being able to receive BRL and use EUR).And Comdirect have very confusing "free" option. we couldn't figure it out if it was going to be free or not + +Any help is greatly appreciated, especially because we are not experts in the money world. + +&#x200B; + +EDIT: Thank you all, seems that wise is the way to go so thats what ill tell her to do. Maybe later if she gets a job we look inot an actual bank +I'm about to move to Berlin and trying to estimate what apartment I can afford to rent. + + Wife will not have any income. + +[Numbeo](https://www.numbeo.com/cost-of-living/in/Berlin) tells me that cost of living for family of four is 2650 euros. I'm not sure how accurate is that. + +&#x200B; + +My wife wants 4-room (3-bedroom) apartment in Prenzlauer Berg or Tiergarten. But I'm afraid I can't afford that as from what I know it will cost around 2500 euros per month with utilities. + +&#x200B; + +What is my housing budget should look like? + +&#x200B; + +Berliners here, can you share your high level budget overview? + +&#x200B; + +&#x200B; +https://decrypt.co/84045/bitcoin-flash-crash-binance-us-caused-algorithm-bug-exchange + +On Oct 2021 at 7:30 am EST, Bitcoin went down from 66.4k to 8.2k in a minutes time on Binance.US + +This "bug" concidentally happened within minutes of ETH nearing/hitting and all time high. ETH also went from $4,371 down to $2,800 on Binance.US. Other coins such as XLM also experienced an 80% drop. Since trading on every exchange is ran by bots, other exchanges also experienced major drops, but they had the liquidity to absorb the drop better. + +FTX.US dropped from 66.4k bitcoin to 52k. FTX dropped to 58k. Other exchanges dropped more or less as liquidity absorbed the drop differently on each individual exchange. Bots look at each exchange and every bot looks at Bitcoin to determine what to do with other coins. Since Binance.US had such a major drop, every coin on every exchange was affected by a so called "bug" that coincidentally happened within minutes of ETH hitting an all time high. + +On Binance.US, buy/sell orders were triggered all the way down to 8k Bitcoin. Trades WERE executed at this level on Binance.US. Other trades were executed at there respective levels on each exchange as the market tanked nearly instantly. + +Why are people just shrugging this off? A 2 trillion dollar + market was instantly tanked within minutes based off an illiquid exchange that said it was a "bug" that happened in the minute ETH was at and/or breaking an all time high. We STILL haven't recovered from this nearly 12 hours later. +ok + +What is ALPHA BANK . + +Well it's the biggest bank of Greece . And the most traded stock of Greece market . + + Had a free fall at Friday. + +Ok who gives a sh!t + well .... + +I read a post from a newspaper (online) that say: + +"Alpha Bank had hired JP Morgan and Goldman Sachs Bank Europe SE to investigate the possibility of raising funds amounting to approximately 800 million euros, to finance its development project from Greece." + +https://www.newmoney.gr/roh/agores/trapeziko-krach-sto-chrimatistirio-sto-limit-down-i-alpha-bank/ +( It's on Greek good luck with Google translate) + +Hmmm ok and why the stock free fall . The article say cuz alpha making a big move to something and needs help 🥺🥺 ( yea rghit) + +Best part is that the fall happent from the start at 10:30 +And stop at 10:50 with 20% down . After that went up and then tank down and the hole Greek market pause for 2 hours . + + Hmmm 🤔 bikooneeeeect fall around that time . + + + +BUT WHAIT THERE IS MORE + +Let's leave alpha . +And focus on the Greek stock market . +Owww the whole market is down. There was some liquidations . Hmmm. Ok it's the Greek market classic buuuuut why liquidations on Greek banks ? Who need money ? And sells stocks off Greek banks 🤔 + +https://www.newmoney.gr/roh/agores/chrimatistirio-to-sell-off-stis-trapezes-vithise-ton-geniko-dikti/ +( It's on Greek good luck with Google translate) + + +! Apes I need some help here to connect the dots you are welcome to correct me and help me ! + + + + +TL:DR +So what we have here . A big sell of Greek banks stocks . The best trading stock of Greece in general fall 30% and bring the Greek market down too . Alpha Bank hire JP Morgan and Goldman Sachs Bank Europe SE to boost capital ???? And the stock fall 30%??? Ow some news talk about liquidations too . 🤔 + + + +EDIT1: FOUND SOMETHING AT YAHOO too +https://finance.yahoo.com/news/alpha-bank-hires-jpmorgan-goldman-103532937.html + +EDIT2: it's a possible DD I don't know where this connects and how , but we all know banks are fuckt . LOOKS LIKE ALL BANKS ARE . + +EDIT3: thanks u/gettingroastedagain for this comment : + +So I was recently offered to buy shit tier BBB- bonds from Alpha bank. I'm Greek and live here, so I will try and write a summary of the article for you guys. + + +Basically it says that there were a lot of liquidations taking place today (Technically yesterday 21/05) dropping the Greek stock market down by 3,9% and due to Alpha bank losing around 30% of its value today it created a bearish sentiment affecting all 4 major greek banks. Piraeus(-6%), National Bank of Greece(-13%) and Eurobank(-5%). + + +All of this happened because Alpha bank was trying to increase their capital. All major Greek banks have been facing money issues last 5 years. Attica bank though already did something similar back in September according to the article. + + +It seems like the article has some credibility since it was also reported by other major outlets, but do correct me if I am wrong here. + + +EDIT4 + +Oh alpha Bank stock is like coca cola stock . Slow and for boomers . Best day 2% up worst 2% down . ( Before the big boom at Greece 2015 was better) + +EDIT5 Thanks u/Tombstone_Shorty for this . +Hmmmmm Interesting . +https://www.dtcc.com/-/media/Files/pdf/2021/3/3/14786-21.pdf + +EDIT6 I will call a friend that works inside the bank and ask him stuff ( he is a good friend ) and the brother of my best friend works at Greek stock market . I will try to find some info for all of this , maybe make a new DD on this + + +EDIT7 + u/corradodomingo SPECULATE That : "if I had to orchestrate a financial crisis in europe and hide the real reason, I would start in Greece. " +This is correct , 2008 Greece and Portugal was the very first that took the hit . + + +I just try to connect some dots, maybe this doesn't connect to GME . Or maybe the bigging of the end has already started days ago. + +Edit 100bilion + +OMG THANK YOU FOR THE AWARD APES AND SUPPORT . BEST COMMUNITY IN THE PLANET LOVE YOU ALL ❤️❤️❤️❤️❤️❤️❤️ + + +👐💎🚀🚀🚀🚀🚀🚀🚀 +Something that doesn't get mentioned enough are the people who make subreddits like this as great as they are. + +Let me tell you about my experience, 4 years ago I use to make decent money as an upcoming computer science graduate but as far as my spending was concerned I had lots of nights out, a nice car and holidays. I was never in debt but neither was my savings very high. Over the coming years I started to become a bit more sensible about my money after reading posts from /r/personalfinance and /r/ukpersonalfinance that had floated up to the home page or that I had found on google. This all made me understand the need of an emergency fund and how to invest any extra. + +Now that shit has hit the fan with this pandemic, this is the first time I've really seen the importance of my emergency fund and living within your means. My partner has been made redundant and I am at risk. Am I stressed? Of course. Am I pulling my hair out? No, because I have 7-8 months expense at my disposal and I know eventually I'll find a way to keep money coming in. + +So on that note, on behalf of myself and I'm sure many others, thanks to all those who have contributed to /r/ukpersonalfinance. It might not seem it now, but over the next year your contributions may have literally saved lives. + +With all of this said. These are scary times and I really wish everyone the best of luck with what is coming. +It's currently trading at a P/E of 2.5-3 and has been for the past 18 months. + + +Its' market cap at $2.9B is below its book value at $3.4B. No significant debt. + + +I get that the industry is cyclical and there was that surge in lumber prices a couple of years ago, but the company made $2.25B in net income for the past 18 months. Someone could theoretically have bought the whole company 18 months ago and made 75% of their purchase price back in that time just on the profits. + + +It just seems too cheap, even accounting for the cyclical factors. And this is isn't some rinky-dink small cap stock no one knows about, it's freaking Canfor. + + +Legitimately curious, what am I missing? Why aren't professionally managed funds buying it up right now? +If you had to have Canadian exposure through 5 stocks, which ones make the cut? For me: + +SHOP - Canada’s tech darling. Hyper growth story, positioned well to benefit from growing trend in e-commerce. + +ENB - For energy exposure, give me the pipes. Nice dividend, their services are often over subscribed and prices are locked in often years in advance. Spectra energy acquisition looks like a nice growth opportunity as well. + +TD - Need a bank, TD is my favourite. Like the US exposure and think they’re very well run. + +BAM.A - What doesn’t Brookfield do? Core holding in any Canadian portfolio. Gives you international exposure in a Canadian company and has a rockstar management team with proven track record. + +BCE - My telco pick, nice yield. I liked the MTS acquisition in Manitoba to grow their presence. Until the government breaks up the cartel, give me some exposure to this oligopoly. + +What are your picks? + + +http://www.cnbc.com/2016/04/27/americans-consume-almost-all-of-the-global-opioid-supply.html + +I can only see this number decreasing right? What does this mean for pharma stocks +A few years ago I used to think 2-3 cr would do the job but now I'm worried I'm probably underestimating the requirement. I have a home, no loans, a wife and a kid (dependents). + +While I know this would vary from person to person, I want to understand different perspectives based on your own targets/plans. +They are popular in US and only last year launched in India. + +When you buy an actual property you make money in two ways. Rental income and captial appreciation because of rise in property prices. + +But in REIT you may only get benefit of rental income as the company may not be selling the property in future. + +What do you think? +Please read this: + +https://www.livemint.com/Money/zsfk4UDg6nLkpCUlRtVecP/The-ghost-societies-of-Greater-Noida.html + +IMO real estate prices in all metro cities are inflated beyond reasonable limits right now. A market correction has taken place but a deeper correction is needed for the market to be healthy. +A few years ago I used to think 2-3 cr would do the job but now I'm worried I'm probably underestimating the requirement. I have a home, no loans, a wife and a kid (dependents). + +While I know this would vary from person to person, I want to understand different perspectives based on your own targets/plans. +Ask your investing related queries here! + +The members of /r/IndiaInvestments are here to answer and educate! + +Alternatively, you could [join our Discord](https://indiainvestments.wiki/discord) and seek answers to your queries + +If you're looking for reviews on any of these following, follow the links: + +- [which bank or brokerage to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +- [which fund house is more capable and trustworthy](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new) +- [which investing platform to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20Brokerage%20products%20and%20services&restrict_sr=1&sort=new), +- [which insurance company is reliable](https://www.reddit.com/r/IndiaInvestments/search/?q=flair_name%3A%22Reviews%22%20%22Reviews%20of%20Insurance%20products%20and%20services%22&restrict_sr=1&sort=new) + +Generally speaking, there is no best stock, or fund, or bank, or brokerage, or investment platform. + +Answers are always subjective to your personal needs, but use those threads a starting point for you to look at what other Redditors have to say about a company, product, fund, or service. + +You can then ask a more specific question about what product or service to buy, once you are able to frame your personal situation. + +**NOTE** If your question is _I got 10k INR, what do I do to get most returns out of it?_, or anything similar; there is no single answer to this question. But we will also need A LOT MORE information if we are to provide some sort of answer: + +- How old are you? +- Are you employed/making income? +- How much? What are your objectives with this money? +- Do you have any loan, or big expense coming up? +- What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know it's 100% safe?) +- What are you current holdings? (Do you already have exposure to specific funds and sectors? Have you invested in equity before?) +- Any other assets? House paid off? Cars? Partner pushing you to spend more? +- What is your time horizon? Do you need this money next month? Next 20yrs? +- Any big debts? +- Any other relevant financial information about you, that will be useful to give you an informed response. + +Beware that these answers are just opinions of fellow Redditors and should only be used as a starting point for your research. This is **NOT** financial advice, in legal sense of the term. + +You should strongly consider consulting a registered fee-only financial advisor before making any financial decisions. Ideally, such advisors should be registered with SEBI, and have a registration number. + +[Links to previous threads](https://www.reddit.com/r/IndiaInvestments/search/?q=advice%20thread%20personal%20situation&restrict_sr=1). +The intelligent investor never stops reading. This is a thread to share articles, books, research papers, newspaper reports, television clips, podcasts, interviews or anything of interest that you are catching on over the weekend. + +Are you a starter in investing? Then, here is a list of recommended books: + +* Stocks for the Long Run, Jeremy Siegel +* Learn to Earn: A Beginner's Guide to the Basics of Investing and Business, Peter Lynch +* One Up On Wall Street: How to Use What You Already Know to Make Money in the Market, Peter Lynch +* The Little Book That Builds Wealth: The Knockout Formula for Finding Great Investments, Pat Dorsey +* A Random Walk Down Wall Street – The Time–Tested Strategy for Successful Investing, Burton G. Malkiel +Unless you've been living under a rock, you're probably aware of GME and how Melvin Capital got short-squeezed out of their positions. More details on the pinned post by mod : https://old.reddit.com/r/IndiaInvestments/comments/l6w68q/gme_wsb_and_fear_of_missing_out_fomo/ + +I am now appreciating how well designed our markets are. We are following some of the best design practices from long time : + +**SLB** : +Stocks lending and borrowing is the only way you can borrow stocks for short time. This is highly regulated and the only viable usage of this is for arbitration by certain mutual funds/individuals. No one can think of using SLB to short the markets ! + +**Circuits / Different Tiers**: +Whenever SEBI / Exchanges becomes aware of stock manipulation , they will change the stock category or worst case bring the stock to T2T mode where you need to have shares to sell the stock ( no intraday trading allowed ) . We even have lower circuit limits like 5% for certain category. Massive Surveillance is also done for these manipulated stocks and SEBI/Exchanges will try there level best to bring into justice folks behind the manipulation. ( Not so easy task as many would use stolen or forged demat/trading accounts ). To go to say 2000%+ which GME is easily breaching , one needs to wait for months and by that time SEBI will swing into action + +**Strict F&O limits**: +We have strict limits when it comes to Open Interest of derivates. One cannot have OI more than the free floating capital. Not just that there are individual member limit, max trading member limit( you cannot buy/sell certain call option strike price in zerodha because of this ) , Increased VAR+EL margins for risky stocks etc., + we have F&O only for major stocks which is tough to manipulate. Stock options are settled during expiry and cannot be exercised at will like US. + +I am not saying there are no manipulation of stock price in India - We get those nasty SMS of penny stocks often but what I am saying is Indian stock exchange follows the best designs and practices so that there are no systematic abuse / failures. + +**Only concern** : +We recently introduced physical settlement of stock options. I firmly believe we should have retained our old way of cash settlement. Physical delivery will case impact in stock price as suddenly huge quantity of stock needs to be brought/sold in open market :( + +**Please note** : Kindly do not try to pump money into GME/Discuss how to buy GME etc., here - Else this thread will be removed by mod. SEC is on it and will probably halt the trading or introduce some new law to prevent this abuse. One cannot openly abuse/manipulate the prices . So warning to those who are planning to ride this wave - you will be crushed sooner or later. + +Update : Zerodha has come up with an excellent article for the points mentioned above - A must read : +https://zerodha.com/z-connect/trending/shorting-and-indian-capital-markets + + + + +The Securities and Exchange Board of India has said that the units of schemes in the process of winding up will have to be listed on recognised stock exchanges. This rule will have to be followed by all open and close-ended schemes. This move by the market watchdog comes after Franklin Templeton Mutual Fund decided to wind up 6 of its debt mutual fund schemes + +https://www.sebi.gov.in/legal/circulars/may-2020/circular-on-listing-of-mutual-fund-schemes-that-are-in-the-process-of-winding-up_46689.html + + +AMCs shall enable transfer of such units whichare held in form of Statement of Account (SoA) / unit certificates + +The stock exchange shall developa mechanism along with RTA for trading and settlement of such units held in the form of SoA/ Unit Certificate + +This Circular shall come into force with immediate effect. Stock exchangesdesirous of offering this facility,shall submit the detailed operational modalities to SEBI, within 7days from date of issuance of this Circular +We've been sitting here speculating on all the possibilities of what could launch MOASS, I don't think anyone ever said Bed Bath & Beyond would (possibly) be the catalyst to end all catalysts. This is just too fucking hilarious and far fetched to be real. They got fed up and said "fuck you hedgies, we're taking our shit back and you can suck a fat one!" and inadvertently brought the entire basket up with them, costing hedgies (probably, not sure which of these they've gone long on hoping to use as distractions) billions in a single AH session. + +Anyway, as many other, wrinklier apes have said today, all indicators are showing continued upwards movement, we've broken bullishly out of the MOAW and now BBBY comes out of left field throwing haymakers. + +My tits are too jacked, might need to seek medical attention. Can't fucking wait for premarket. + +As always, love you apes. Eat healthy, drop bad habits, keep these fucking titties jacked and get enough sleep. See you beautiful bastards on the moon. +So today has been one of Those Days. The day where everything just kinda goes to crap. My kid woke up sick, but I was scheduled to work, come in early at 7 am to do a re-organization of the store. Made sure my mom (my childcare) knew. Mom admits daughter probably got it from her friends coming over and stuff. Alright that sucks. Drop daughter off, head to work. I'm an assistant manager for a retail chain. Had customers get shitty with me because the person who closed last night didn't re-arrange the clearance racks and stuff that actually wasn't on clearance got put there and yadda yadda. Nothing new when you work in retail hell. + +But our district manager made a surprise visit today. No warning. Well shit. Turns my store manager's mood into a sour one. At one point, I'm ringing up a customer and my DM is standing behind me, watching the transaction. I offer the customer our store credit card, tell them they can save 25% off this purchase if they apply for this insane card that has an 18% APR and just isn't worth it. Customer says no. At the end of the transaction, I ask again because I can feel my DM's eyes staring a hole in the back of my head. Get a glare from the customer and they answer no, again. Finish the transaction, bag their stuff and go on to the next customer. District manager pulls me away from the cash wrap and verbally berates me. Tells me I didn't "follow protocol" by getting 3 "No's" from the customer. Tells me that i will be receiving a write up because I'm not following the training properly. Greaaaaat. + +Once my DM leaves, the store manager comes into the back while I'm on my 15 (and on the phone with my mom. Trying to see how my kid is doing) and snaps at me for making the "store look bad in front of the DM". I didn't say anything back, took the feedback and told my SM I'd do better. I understand the whole store credit card spiel but even my store manager hates doing it - she just has to do it because it's required for her. + +Clock out, thinking well its been a crap day. My girl is sick. Let me surprise her with a Happy Meal. It's a rare treat, because we eat out maybe once a month and it's off the value meal. I order my kiddo a happy meal and get myself the little $3 bundle that's a cheeseburger and fries. I specifically tell the worker at McDonald's to make sure my burger has no onions. I can't stomach them, I get super sick and throw up later. Even says on the receipt that I asked for no onions. + +Pick up my kiddo, my mom tells me I "look like shit" and gives me crap because my daughter threw up all over her rug. Sigh. Alright mom. I tell her to let me know what she wants me to do about it and she doesn't give an answer, just keeps going on and on about how she could barely stand to clean up after my kid. + +Get home and give my kiddo her happy meal. She's super excited and happy. I take a bite of my cheeseburger and there's fucking onions on it. Dammit. I scrape off what I can but I was also super hungry and at that moment, just wanted to eat. Now I'm paying for it because my stomach is killing me and I'm cramping. + +Just one of those days. Payday is next Thursday and I have just enough gas to get back and forth to work and the food bank next week. I was trying to do something nice for my kiddo. But I'm not gonna lie, I cried over McD messing up my burger. I spent less than $10 total but now I'm like well fuck that money could have been used for something else. It will be okay in the end. My daughter was happy with her treat and is feeling better, so I know that's all that matters but dammit McDonald's, you suck today. +OK can we please have a technical discussion regarding the scalability of Cardano? Instead of the regular super highly upvoted moontalk (I know this thread will probably be downvoted to oblivion). + +Cardano currently only handles 7 transactions per second on-chain. Ethereum currently handles 12-15 transactions per second on-chain. By tweaking some parameters in the future Cardano could potentially scale to 50 transactions per second on-chain which obviously still isn't enough for real world adoption. Cardano will scale off-chain with layer 2 solutions (Hydra). But they are awfully behind their competition in developing layer 2 support. + +Don't take my word for it, even Cardano devs on their own subreddit admit all this. + +See here: [https://np.reddit.com/r/CryptoCurrency/comments/mxjf0w/psa\_cardano\_ada\_runs\_at\_seven\_7\_transactions\_per/](https://np.reddit.com/r/CryptoCurrency/comments/mxjf0w/psa_cardano_ada_runs_at_seven_7_transactions_per/) + +And here: [https://np.reddit.com/r/Cardano\_ELI5/comments/la7ptu/how\_many\_transactions\_per\_second\_tps\_can\_cardano/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://np.reddit.com/r/Cardano_ELI5/comments/la7ptu/how_many_transactions_per_second_tps_can_cardano/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +So why do so many people think that Cardano is faster than Ethereum? + +Also, I made this same post intended to discuss the scalability of Cardano two days ago. It quickly rose into the top 50 posts until a bot deleted it from the frontpage stating "there are already 2 posts about this coin in the top 50". But guess what, there are always 2 non-critical moonboy posts about Cardano in the top 50. So it's very unfortunate that technical discussions about this coin have no place on [r/CryptoCurrency](https://www.reddit.com/r/CryptoCurrency/). I will therefore keep posting this daily, until the day a bot doesn't delete it. + +Edit: Since this time, this post didn't get deleted, I will add this. I have nothing against Cardano. But I have noted that there currently exists a widespread lack of knowledge regarding the scalability of blockchains in general and Cardano in particular. This is an extremely hard technical problem that haven't been solved for over 10 years. Cardano is not offering a unique quick fix to this anytime in the near future. But I am happy that we now have more projects than ever (including Cardano) that are working on it. + +Edit 1: Already solved. An Ape with a super wrinkle brain is already deep into it + +Edit 2:[This beauty is ALIVE - All hail the GME time line](https://gmetimeline.com/) + +[Another project under way already](https://www.reddit.com/r/Superstonk/comments/mkjaxs/update_on_me_contacting_sec_about_the_44m_ftds) + +[Dr T link to local authorities we can notify](https://www.reddit.com/r/Superstonk/comments/n1rgr2/please_read_and_take_action_dr_t_suggested) +If we going to have any chance of succeeding in pressuring any kind of law enforcement, we are going to need to get our Ape shit together. + +Edit 3: [The FUD archive](https://www.reddit.com/r/Superstonk/comments/mnjqpw/dont_forget_what_they_did_a_running_list_of_fud/) + +Get it all together on an independent website. A time line with links. Catalogue the evidence and make it idiot proof. + +We need something to direct these law enforcement officials and journalists too. + +We are months into obsessing about this. Most people aren't that retarded. It will take them time to learn. + +We need to make it simple. We need to present it in easily manageable sections so they aren't overwhelmed. + +Any Apes good at website design? Can pay for time and skills. +[Article](http://minnesota.cbslocal.com/2015/02/05/minnesota-stops-accepting-turbotax-returns-due-to-fraud/) + +TL;DR - Due to concerns of fraud from tax year 2013 and 2014, Minnesota is no longer accepting state tax returns from turbo tax. Other tax software has not been affected by this ban. It is not clear whether previously accepted returns for tax year 2014 will be affected. + +Edit 1: Got a little carried away and forgot "from turbo tax" in the TL;DR + +Edit 2: [Now affecting all states, Intuit will not file for states at the present.](http://www.usatoday.com/story/money/personalfinance/2015/02/06/turbotax-state-filings-halted/22979519/) Thanks for the heads up /u/KittenSwagger and wording correction /u/itstheredbaron + +Edit 3: Intuit is now submitting state returns again. Original story in MN still applies. +I spent most of the second half of 2021 trying to orange pill my social circle and I only managed to succeed with my very closest friends. + +I noticed that most people either don't care or cannot wrap their heads around it. It's almost like you need to have certain genes or personality type to be a Bitcoiner. + +I even visited El Salvador to see it for myself. Most businesses preferred to be paid in dollars than bitcoin. I talked with taxi drivers, small business owners, etc, and they didn't understand Bitcoin. They were all afraid of the "volatility". + +I also noticed that some people would get a little interested, ask me a couple of questions here and there, and then said something along the lines of "*That sounds really great, I will definitely get into it*" and then go on with their lives without getting into it lol. + +For mass adoption to happen, I believe the dollar needs to actually collapse so that people look for Bitcoin as the exit. Similar to Argentinans and Venezuelans. They understand the value because they have seen their own governments destroy their currencies. + +The US government will try to delay the collapse of the dollar as long as they can with all sorts of shenanigans. I think it will take at least 20 years before people in general lose complete faith in the US dollar. + +In the meantime, Bitcoin will continue to behave as a very strong store of value, with a few small countries adopting it as legal tender. + +That's how I see it. +With the influx of people joining the crypto world, myself included, I found that the most prominent trend right now is the countless cookie cutter youtube videos stating that coin x will 100x and coin y will 1000x... + +These videos are extremely harmful to the community itself, people would randomly hop on exchanges and start buying the stated coins without doing any kind of research or trying to actually understand the projects they represent. This turns this whole revolution into a quick money making scheme and deviates the real story and goals behind the crypto revolution... + +Please share your thoughts on this subject! And for the people who just buy whatever coin is being pumped on youtube please do your research ! +Has anyone spent the time to what the S&P500 is actually constituted of as of today. + +First of all, we all know mass un-employment is occurring and people working in local restaurants and all are screwed. But, just because the rest of the world is in ruins doesn't mean every sector is in shambles. + +You see, unlike past recessions, in this current epidemic, one sector is gloriously going to profit out of the recession. And we all know what that sector is: **the technology sector**. + +&#x200B; + +Have you nerds checked what S&P500 has turned to in its market cap recently. + +**Boomers in Wall Street finally caught on. Your S&P500 is now a tech and health care index. Other sectors don't matter anymore in our economy.** + +Boomers finally accepted 'future is tech and health care' from all these airline companies and all. + +Let's look at SPY major holdings: + + Software 8.37% + IT Services 5.57% + Technology Hardware, Storage & Peripherals 5.16% + Pharmaceuticals 5.08% + Interactive Media & Services 5.04% + Semiconductors & Semiconductor Equipment 4.42% + Banks 4.37% + Internet & Direct Marketing Retail 4.08% + Health Care Equipment & Supplies 3.74% + Equity Real Estate Investment Trusts (REITs) 3.11% + +So summed up: + +Technology (Software/IT Services/ Technoloy Hardware/Interactive Media/ Semiconductor/Internet) is: `8.37 + 5.57 + 5.16 + 4.42 + 4.08 = 27.6%` + +And for Health Care (Pharmaceuticals / Health Care Equipment): `5.08 + 3.74 = 8.82%` + +Over 36.4% of SPY is technology and health care currently. + +&#x200B; + +All this cry about real estate, hotels, restaurants, airlines collapsing: + + Real Estate: 3.11% + Hotels and Restaurants: 1.55% + Airlines: 0.2% + +Even IF every single real estate, hotel, restaurant, airline company went bankrupt in the S&P500, it's only 4.86% of SPY. Big boomer money on Wall Street must have finally noticed this. + +&#x200B; + +SPY calls 300 end of this year. + +By end of this epidemic, we might have almost half of SPY be technology and health care. + +Imagine being a gay bear competing against infinite QE from FED with all this information. FED go BRRR BRRR. +* This coin ($AXIAv3) is super undervalued, just like Rubic ($RBC) was, which 100x'd in the past month. +* It has a working defi staking system similar to Balancer, with a market cap of under $1 million (around the same when $RBC started taking off). +* Currently being bought heavily by 4chan's /biz/ (who are also huge $RBC fans). It's already 5x'd in the past day, no signs of stopping. + +You can buy it on Uniswap, linked below. Also $RBC is still a good buy IMO. Obligatory I have positions in both. As always, DYOR. + +Axia Protocol is a Decentralized platform for Cryptocurrency Index Fund management which presents cryptocurrency enthusiasts/investors with opportunities of one-time investments in baskets of cryptocurrencies (Axia Funds) and reap rewards for doing so. + +CoinGecko: [https://www.coingecko.com/en/coins/axia](https://www.coingecko.com/en/coins/axia) + +DEXTools: [https://www.dextools.io/app/uniswap/pair-explorer/0x1e0693f129d05e5857a642245185ee1fca6a5096](https://www.dextools.io/app/uniswap/pair-explorer/0x1e0693f129d05e5857a642245185ee1fca6a5096) + +Uniswap: [https://app.uniswap.org/#/swap?outputCurrency=0x793786e2dd4cc492ed366a94b88a3ff9ba5e7546](https://app.uniswap.org/#/swap?outputCurrency=0x793786e2dd4cc492ed366a94b88a3ff9ba5e7546) +I do realise nobody cares about my stupid life story, so I will try to make it as short as possible.My life is not exactly easy, I had to overcome and somehow survive lots of extremely difficult life situation including being homeless when I was barely 17 and had to run away from home (...) + +Because I had no roof over my head, I had to drop school and since my stepbrother wanted to kill me (because I reported my mother to the police when I discovered she faked my signature and withdrawn my saving I couldn't withdraw before I was 21). I moved to Hungary as it was cheaper to live there. I lived and worked there for 2 years, saved enough money and moved to the UK - to South Wales where I also managed to find a job pretty much very quickly without problems. + +After a year in the UK, I wanted to do complete my education and be able to find a qualified job and just have a normal quiet life one day, but no university would accept me except the Open University. I did two years there, managed to get very good grades even I was doing night shifts and since I never had a chance to study 'normally' I transferred credits to a brick university and this is where I got myself into troubles again. + +When I was accepted by 4 out of 5 universities I was so happy and excited, even that Cardiff wasn't one of them and I had to move. After lots of research and sleepless nights, I decided to move to Bangor as it's one of the best student-rated university in the UK. I couldn't wait to go there, but I couldn't be more wrong. + +As I lived in the UK on the 1st of Septemeber only 2 years and 50 weeks, I can't get maintenance loan like others, because it would have to be 3 years and although I expected it won't be easy to find a job here, it's basically impossible even in cities 30 miles around. + +I'm running critically out of money now, the money support couldn't care less until somebody from the SU was there with me and all I can get is a bursary for poor students in March, but I won't survive until than. I'm waking up every day from 6 am to check if somebody replied to one of my 100's job application and still nothing and I tried basically everything around. + +Although I was expecting it will be challenging but still enjoyable and fun, I end up in a huge class where I have no chance to get to know somebody (because it's the second year), out of money on no food days, unable to give it up and moved to a bigger city and left on mercy of financial how long they will be willing to wait with my rental payment. + +So... any advice? + + +**EDIT:** Wow, I really did not expect so many people will try to help and I don't even know what to say other than huge thank you to all of you, it means a lot to me. Thank you!  +I went through the comments and lots of people suggesting I should take a gap year and try it again next year or make a better choice of uni. To be honest, I thought about that but I was hoping I will be able to find something here for too long and if I will drop the uni now, they will ask me to move out from the student hall (I live at the cheapest one with shared showers) and I will have no place to go and I don't have enough money to move to bigger city because I wasn't ready to move twice.  + + +**Why didn't I wait one more year to be eligible for a maintenance loan?**  +Good question, it's because of Brexit and I have been told it will be **5 years** in the UK for EU students from next year, so I would have to wait 3 years.  +I'm a millennial who started investing 3 years ago and I saw all my gains from the last 3 years disappear in the span of 2-3 weeks. This is my first real experience in a bear market and I'd be lying if I wasn't feeling stressed about this whole situation. + +Literally every single investing sub out there ( r/stocks, /r/investing and /r/wallstreetbets) is talking about doom and gloom and how this is going to be worse than 2008 and how people who haven't sold everything or haven't bought puts are a bunch of idiots. And then I switch to r/CanadianInvestor and see people here talking about Smith Manoeuvres and ways to exploit these sudden drops. + +This sub is a much needed fresh air so thanks for being around! Who knows where the market will be a year from now. Maybe the folks down at r/stocks or r/investing are right that this is indeed going to be worse than 2008 but reading this sub definitely calms my nerves and makes me want to buy more stocks. + +* So that being said, whats everyone eyeing? Help a novice investor.Should I put all my cash position on [VCN.TO](https://VCN.TO). +* Should i buy some TD and RY? +* Any individual stocks you are looking at? + +Let's spread the positivity in these hard times. +With the company stock price going up and up, underpromising and overdelivering all thoughout 2020, and the general consenus on ev stocks do you think NIO would be a good long buy. Its hovering at $50-60 and it seems to be doing financially well. + +With everyone in the $TSLA bandwagon I feel like this company could be an underdog card and a competitor if they expand which they plan to do. + +https://www.google.com/amp/s/www.cnbc.com/amp/2021/02/02/nio-deliveries-in-january-quadruple-from-a-year-ago-signaling-a-strong-start-to-2021.html + +https://www.google.com/amp/s/www.fool.com/amp/investing/2021/02/01/ahead-of-earnings-and-despite-tesla-nio-reports-an + +Word on expansion to europe : + +https://www.google.com/amp/s/technode.com/2020/11/06/chinese-ev-makers-face-uphill-battle-with-europe-expansion/ +How do you get in the frame of mind to know when to buy/sell? Literally as soon as I buy a stock it tanks, and as soon as I sell a stock it shoots up. Genuinely feels like I'm being pranked at this point +I have no idea how to ask this question. Apple's stock price is $127.14 per share right now. I would like to know what it's going to take for this stock to go up to $127.50 for example. What calculations is the trading software (or whatever thing that calculates the price of the share at time t) doing to say: okay this happened, so the price goes up by this amount; this happened, so the price goes down by this amount. I know that people buying and selling the stock is what makes the price go up and down. But exactly how will buying let's say $1000 worth of apple share will influence the market? Basically, I want to know the details of how the price of a share goes up and down. Hope this makes sense to someone! +Guten Morgen to this global band of Apes! 👋🦍 + +Welcome to a new week in the GME Saga! +We have seen some extraordinary events in recent weeks, and something has me feeling like this will be a week when we experience more. +With ultra-low volume, banks on the cusp of insolvency, currency devaluation against the dollar, and extreme uncertainty in energy markets, any jolt could send shockwaves. +Though I know not when that jolt may come, I have little doubt that the stage is being set with each passing day. + +Once again, I realized that it's been far too long since I've increased my position, and look forward to correcting that today. +I frequently fall into the trap of feeling like I have all of the GME I could possibly require when the MOASS comes. +Though I certainly have no intention of selling any shares for less than life-changing sums, there is still plenty of reason to increase my position. +For one, there is literally no other investment that I like more than GME, especially in these times. +Can you imagine investing in anything else?The money I have to invest is losing value at an alarming rate at this level of inflation, but there is not a bond or equity other than GME that I trust. +When we buy and DRS our shares, it bolsters the strength of our existing shares that much more. + +Just like Apes are stronger together, our GME shares are as well. +Let's lock the float in ComputerShare. + +Today is Monday, October 10th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$25.34 / 25,87 €** *(volume: 2105)* +- 🟥 115 minutes in: $25.41 / 25,94 € *(volume: 2099)* +- 🟩 110 minutes in: $25.47 / 26,00 € *(volume: 2085)* +- 🟥 105 minutes in: $25.46 / 25,99 € *(volume: 2007)* +- 🟥 100 minutes in: $25.51 / 26,04 € *(volume: 1865)* +- 🟥 95 minutes in: $25.52 / 26,05 € *(volume: 1860)* +- 🟥 90 minutes in: $25.52 / 26,05 € *(volume: 1842)* +- 🟥 85 minutes in: $25.57 / 26,10 € *(volume: 1439)* +- 🟩 80 minutes in: $25.65 / 26,18 € *(volume: 1439)* +- 🟥 75 minutes in: $25.50 / 26,03 € *(volume: 1289)* +- 🟩 70 minutes in: $25.59 / 26,12 € *(volume: 1244)* +- 🟩 65 minutes in: $25.45 / 25,98 € *(volume: 1044)* +- 🟩 60 minutes in: $25.33 / 25,85 € *(volume: 1040)* +- 🟥 55 minutes in: $25.21 / 25,73 € *(volume: 1010)* +- 🟥 50 minutes in: $25.23 / 25,75 € *(volume: 1010)* +- 🟥 45 minutes in: $25.33 / 25,85 € *(volume: 1007)* +- 🟩 40 minutes in: $25.33 / 25,86 € *(volume: 793)* +- 🟥 35 minutes in: $25.28 / 25,80 € *(volume: 723)* +- ⬜ 30 minutes in: $25.34 / 25,86 € *(volume: 668)* +- ⬜ 25 minutes in: $25.34 / 25,86 € *(volume: 642)* +- ⬜ 20 minutes in: $25.34 / 25,86 € *(volume: 642)* +- 🟩 15 minutes in: $25.34 / 25,86 € *(volume: 598)* +- 🟩 10 minutes in: $25.33 / 25,86 € *(volume: 468)* +- 🟩 5 minutes in: $25.22 / 25,74 € *(volume: 446)* +- 🟥 0 minutes in: $25.21 / 25,73 € *(volume: 313)* +- 🟥 US close price: $25.35 / 25,88 € *($25.38 / 25,91 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 0.9797. 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! +As the world gradually shifts to renewable energy, advancement of technologies involve a lot of renewable energy projects, the demand for copper just keeps on increasing. A lot of companies struggle to provide and respond to this demand, but there are recent issues going on with bigger companies. + +Due to the restrictions caused by the pandemic, BHP’s Escondida mine has issues in operation, resulting in a drop in their copper production. Codelco’s copper production took a dip recently, going down by 6.7% with their produce after a strike in one of their mines. Now this is critical, since both companies are mining Chile, and the country is known to be top copper producer in the world. + +But as the world grapples with the copper shortage and the price surges this year, I believe smaller companies that already started producing and some that are still drilling are showing great potential to help provide and match the demand. + +One miner that could be an excellent player would be [Copper Mountain Mining](https://cumtn.com/) ([CMMC](https://www.google.com/finance/quote/CMMC:TSE)). Their flagship asset is the 75% owned Copper Mountain mine located in southern British Columbia near the town of Princeton, and they are currently producing approximately 100 million pounds of copper equivalent, with average annual production expected to increase to approximately 140 million pounds of copper equivalent. They recently released drill results at their Cameron Copper Project in Australia, where three large mineralized zones are identified. + +[Solaris Resources](https://www.solarisresources.com/) ([SLS](https://www.google.com/finance/quote/SLS:TSE)), on the other hand, boasts the Warintza copper project in Ecuador, and this mine is along a mineral belt that hosts Lundin Gold’s Fruta del Norte Mine and a Chinese consortium’s Mirador mine, about 40 km to the south. They have a massive cash cushion and their cash burn is way under, which can be considered as a good sign. They have about $60 million on the balance sheet right now and approximately $20 million needed for the remaining 2021 CAPEX. Their shares increased more than 8% recently after the price of copper increased throughout the week to $4.2435. + +I am looking forward to seeing the growth of [Fortitude Gold](https://www.fortitudegold.com/) ([FTCO](https://finance.yahoo.com/quote/FTCO/)). They’re a small producer, but it is worth considering that they have no debts. They also [reported positive metallurgical test results](https://www.fortitudegold.com/news/fortitude-gold-reports-positive-golden-mile-metallurgical-test-results) from its Golden Mile property with column leach tests reporting up to 85% gold recovery. They also recently increased its monthly dividend by 14% and intercepted numerous high grade gold intercepts in untested open areas. + +With global climate goals demanding for more copper, copper mining companies will need to strive to produce. There have been issues going in Peru and Chile, since its governments is threatening to increase mining taxes and regulations. With the increasing demand and the increasing prices, a lot of industries that utilize will encounter a lot of issue unless the need for the precious metals gets matched by production. + The **Semiconductor Sector** has generated more than just solid gains so far this year, chip shortage has helped accelerate sales of semiconductors, sending the stock prices of companies that design and sell chips skyrocketing. +In the last couple of weeks, I thought about adding a Semiconductor company to my portfolio, I decided to focus on AMD, NVIDIA, and INTEL, but because it might be a long post I decided to post in parts, the next post will be bot AMD so stay tuned. + +**If you think there is a company in this sector more worthwhile looking into, I'd be happy to hear some suggestions.** + +[ IMAGE SOURCE: youtube - cha cha video](https://preview.redd.it/avit8vg2dgr71.png?width=1280&format=png&auto=webp&s=8a7f6bd2f815eaffa877381a845b1f0061e66ccb) + +# Nvidia ~ $NVDA + +>"Nvidia is a platform story. We think there are many tentacles of future growth opportunity for Nvidia inclusive of the data center momentum that they are seeing today" - Wells Fargo analyst + +Nvidia is a big winner of many of the big tech events of the past year, including the global chip shortage, cryptocurrency volatility, and mining, the relentless fight by PC gamers to find RTX 30 series graphics cards in stock, and rising demand across segments-from work-from-home laptops to data centers. During it all, NVDA stock has continued its relentless climb, adding over 60% to its value so far in 2021. + +# Q2 Earnings + +Almost all the company's business segments registered eye-popping growth in the 2nd quarter of fiscal 2022. The company reported a record Q2 revenue of $6.51 billion. This was up 68% year-over-year, which handily beat forecasts. Gaming revenue — all those RTX 30 series graphics cards — hit $3.06 billion, up 85% YoY. Datacenter revenue also set a record at $2.37 billion. Adjusted earnings of $1.04 per share (compared to 55 cents a year ago) also beat estimates. + +# Crypto Market dependence + +When of the negative points in NVDA Q2 earnings is that CMP sales came in well under the company’s estimates. CMP is a graphics card that was designed specifically for the cryptocurrency market. When the price of cryptocurrencies like Bitcoin fall, crypto mining rigs power down. Miners stop buying GPUs. + +For Nvidia, this was felt in Q2. The company had projected it would sell **$400 million** worth of CMPs in the quarter. Instead, it sold just **$266 million.** + +# Future Growth In the Gaming Segment + +NVIDIA's 80%-plus market share of gaming graphics cards will be a big tailwind for the company. Its video gaming revenue more than doubled last quarter to $2.76 billion. Jon Peddie Research estimates that the market for discrete gaming GPUs could jump from $23.6 billion last year to more than $54 billion by 2025. NVIDIA's dominant market share means that it could win big from the additional revenue opportunity. + +# Arm Deal + +Nvidia is in the process of acquiring ARM Holdings from SoftBank for approximately $40 billion, which would be a game-changer in its data center segment. The acquisition is currently held up in the approval process, but Nvidia told investors on their recent earnings call that the deal should get done. Denial is certainly a risk for Nvidia's stock price, so it's something to be aware of. recently Chinese and British regulators have had serious concerns about the acquisition and could block it. + +# Advanced Micro Devices ~ $AMD + +AMD has been making a comeback for years with a fast-improving lineup of chips addressing the laptop and PC markets, as well as hardware for data centers and the cloud computing services built on them. AMD is on track to record 50% revenue growth in 2021. The company's market share gains in the client and server CPU (central processing unit) markets, as well as the growing demand for graphics cards, have helped it to raise the guidance. + +[ IMAGE SOURCE: wccftech](https://preview.redd.it/faswa7u5dgr71.png?width=1600&format=png&auto=webp&s=99fdf6382da174aa1c34fff4ffb72dab7abaa7f2) + +# Q2 Earnings And Growth + +On July 27, AMD recorded 99% YOY revenue growth, to $3.85 billion, operating income of $831m (380% change YOY), and Net income of $710m - 352% YOY growth. The company consistently winning market share from Intel. Video game platform "Steam" reports that AMD's share of the client CPU market has now exceeded 30%, a massive improvement from three years ago when it held just over 16% of the market. + +[ AMD website - q2 Financial results](https://preview.redd.it/jjeh28b8dgr71.png?width=1041&format=png&auto=webp&s=1194ec52ebd44ff97c9ae9686ff69f63d4787d4b) + +# Video Games Potential Growth + +Video game consoles have been in hot demand since last year, Sony could end 2021 with sales of 17.9 million PS5 consoles, up from last year's 4.5 million units. The PS5's sales momentum could remain strong with Sony expected to ship over 33 million units in 2022, 50 million units in 2023, and 67 million units in 2024. Meanwhile, sales of Microsoft's Xbox Series X are expected to jump from an estimated 3.3 million units in 2020 to 12 million units in 2021, and 37 million units in 2024. + +**AMD** supplies semi-custom chips to both Sony and Microsoft for their latest consoles. Nvidia, on the other hand, supplies chips for **Nintendo**'s Switch consoles. The Japanese video gaming company estimates that it could sell 25.5 million units of the Switch in the current fiscal year that ends in March 2022. + +# Xilinx Acquisition + +AMD's $35 billion merger with Xilinx is expected to be completed by the end of this year.the merger will allow AMD to expand the chips it offers the customers and it will take on Intel. The merger could make AMD one of the biggest tech companies and could expand its market share significantly. + +# Intel ~ $INTC + +Intel’s stock has underperformed the market in recent years, It’s struggled with R&D, manufacturing, and management issues. the stock gained 15% in the past 3 years while the PHLX Semiconductor Index's gain of approximately 130%. + +Intel fell behind **TSMC** in the race to create smaller and more advanced chips. and lost market share to **AMD** in PC and data center CPU markets. + +[ IMAGE SOURCE: INTEL](https://preview.redd.it/sxqjttladgr71.png?width=1000&format=png&auto=webp&s=b541cb7bc838e7c7ddb580196ebc1e085bedce22) + +# New CEO = New Future? + +Intel’s new CEO, Pat Gelsinger, set his eyes on reclaiming the process lead by 2025. Gelsinger plans to achieve that goal by spending tens of billions of dollars on new foundries, upgrading the company's plants, expanding its third-party foundry services to pull orders away from TSMC, and attracting government subsidies in the U.S. and Europe to resolve the ongoing chip shortage and eliminate the industry's production bottlenecks in Asia. + +If Intel achieves all those goals, its growth could accelerate over the next few years and make it a compelling long-term investment again. + +# GPUs War + +Intel generates most of its revenue from PC and data center CPUs and abandoned the high-end GPU market amid fierce competition from **Nvidia** and **AMD**, but it's now trying to bundle its new GPUs with its CPUs. Intel could challenge Nvidia and AMD in the laptop market with its DG1 mobile GPUs, pursue the desktop market with its DG2 GPUs, and enter the data center GPU market with its top-tier Ponte Vecchio GPUs. + +# Financial Comparisons + +[Market Size](https://www.jika.io/dashboard/tools/multiples/AMD:NVDA:INTC/advanced%20micro%20devices:intel:nvidia/Market%20Cap?ref=nvdastonkssubreddit) + +1. INTC: $217.009B +2. NVDA : $511.284B +3. AMD : $121.722B + +[ when NVDA surpassed Intel's size this year - jika.io](https://preview.redd.it/9eho4lgddgr71.png?width=1640&format=png&auto=webp&s=edf57bcdd0bb2180a81cf108ed7e915083c40e14) + + [Gross Profit](https://www.jika.io/dashboard/tools/multiples/AMD:NVDA:INTC/advanced%20micro%20devices:intel:nvidia/Gross%20Profit?ref=nvdastonkssubreddit) \- After Q2 + +1. INTC: $11.21B +2. NVDA : $4.21B +3. AMD : $1.83B + +[ Intel is still the most profit from the 3 - jika.io](https://preview.redd.it/o22mslredgr71.png?width=1640&format=png&auto=webp&s=1af2393607bca2cf54c50dec08a431b9a1072917) + + [Return On Equity](https://www.jika.io/dashboard/tools/multiples/AMD:NVDA:INTC/advanced%20micro%20devices:intel:nvidia/Return%20On%20Equity?ref=nvdastonkssubreddit) \- After Q2 + +1. NVDA : 11.23% +2. AMD : 10.05% +3. INTC : 5.94% + +[ ROE Comparison - jika.io](https://preview.redd.it/rke5xokgdgr71.png?width=1640&format=png&auto=webp&s=731149f0f5ffd48f43fd507caef9ceb7f3d2b710) + + [Gross Profit Margin](https://www.jika.io/dashboard/tools/multiples/AMD:NVDA:INTC/advanced%20micro%20devices:intel:nvidia/Gross%20Profit%20Margin?ref=nvdastonkssubreddit) + +1. NVDA: 64.78% +2. INTC : 57.07% +3. AMD : 47.53% + +[ Gross Profit Margin - JIKA.IO](https://preview.redd.it/pvsephuidgr71.png?width=1640&format=png&auto=webp&s=5a3338bce9df16268b6d4d0daa7664bca647c6c6) + + [Net Profit Margin](https://www.jika.io/dashboard/tools/multiples/AMD:NVDA:INTC/advanced%20micro%20devices:intel:nvidia/Net%20Profit%20Margin?ref=nvdastonkssubreddit) + +1. NVDA : 36.48% +2. INTC : 25.78% +3. AMD : 18.44% + +[ Net Profit Margin - JIKA.IO](https://preview.redd.it/s7kcpl7ldgr71.png?width=1638&format=png&auto=webp&s=83614a344ab55c1d8686da128e837c21c3dd1e3c) + +# My Conclusion + +In my opinion, Intel is pretty much out of the race, even if the new CEO will shake things up, Intel will take a long time until climbing back up. + +I think that the better choice is between the fast-growing semiconductor stocks, **NVIDIA** or **AMD**. Given that AMD's growth pace was better than NVIDIA's in Q1 and Q2 and is likely to keep up that momentum for the remainder of the year, it looks like the better option right now. AMD also looks like a better buy for those looking for a growth stock at a reasonable valuation. + +&#x200B; + +>***Personal note:*** *Feel free to diagree and express your opinion about the post.* + +**Sources:** +[Jika.io](https://www.jika.io/dashboard/tools/multiples/AMD:NVDA:INTC/advanced%20micro%20devices:intel:nvidia/Revenue?ref=nvdastonkssubreddit) \- Companies comparisons +[Motleyfool.com](https://motleyfool.com/) \- stocks news +[nasdaq.com](https://nasdaq.com/) \- news and information +[amd.com](https://amd.com/) \- investor relations +[investor.nvidia.com](https://investor.nvidia.com/) \- investor relations +Hi all, this is currently with the FOS however they told me it would take around 9 months to get to my case so… +Before I delve into this I would like to point out that I’m 28, I’ve grown up with the internet and I understand what to look out for to avoid getting scammed. I never thought in a million years I would fall victim to one. + + +Back in august last year I was looking to rent a supercar for the weekend. It’s always been a dream of mine to have a Lamborghini and I got to the point in my finances where I could afford to do this (at least for the weekend). I had looked at many different places and had contacted a few companies, checking companies house, ringing them up, checking social media posts and online reviews. I finally settled on one that I had seen advertised, contacted them on Facebook, they messaged me to call them and discuss what I wanted to do. +After the phone call, I placed a £500 deposit to secure my date - this was done via bank transfer to a business account, didn’t even give it a second thought since it was a business account with a similar name. The agreement was £3000 for the weekend and £3000 security deposit should you curb a wheel, scratch something etc. + + +The person I was dealing with kept in constant contact with me through WhatsApp, sending me emails and invoices with the money paid. Around 2 weeks before the date he has contacted me to say that the insurance company that they use were having issues because another car they rented out was written off so they wanted the deposit upfront to “prove they could cover the costs” a red flag but everything had sounded very legitimate so far and the guy had assured me if at any point I felt uncomfortable or wanted to pull out I would receive a full refund. Again, I thought I was dealing with a legitimate company so this had not aroused any suspicion. + +The £3000 was transferred and the remaining £2500 was paid a week before the date. +The day arrives and of course, no one turns up, I call the guy I’m dealing with and he’s incredibly apologetic, blaming the people driving up to me for not setting off early enough and they would be there soon, it gets to 2pm and I say to him that I want a refund as I ordered this for the whole weekend, not for a day and a half. He agrees, again very apologetic and agrees to refund and have another weekend free of charge to make up for the error and he doesn’t want to lose a customer. Again, keeps in constant contact with me via WhatsApp and phone calls. + +The next weekend arrives and of course, no one shows up again, I can’t get in contact with him so at this point I ring Santander and say that I believe I’ve been scammed. They put a freeze on his account whilst they do their “necessary checks” the guy calls me on Monday morning once again apologising for the weekend and saying his phone was “playing up” at this point I’m not really listening to him as I know he’s scammed me however he never argues, was very calm and explained that he can’t process the refund as there is a block on the account however as soon as the bank do their checks and unfreeze the account it will be done straight away. +Santander ring me a few days later and conclude that it is a legitimate business and unfreeze his account. I then go back and forth with him for weeks about the refund, talking about delays and the bank still having issues refunding it. +As it so happens, whilst this was going on back and forth, I make contact with the company again and get through to someone else who tells me the person I was speaking to has never worked there. +I felt physically sick. They said they were aware that this person has been scamming their customers out of funds and they had no idea how he was continuing to do so. +As it turned out, he had somehow intercepted their Facebook messages, redirects people to his personal phone and pretended to be that company. + + +The person at the real company wrote a very lengthy email to Santander explaining what had happened and how the person had intercepted and imitated their company. However when I contacted Santander about it, they refused to refund me as they said I should have checked out the business account it had been transferred to. The business accounts name was something along the lines of “Uk Supercar Hire” and I had rented from a supercar company so it hadn’t even crossed my mind that it wasn’t linked. +Also, Santander had done the checks their end and had concluded it was a legitimate business (the uk supercar hire one), however the company they looked into had dissolved in 2017, and no longer trading so how could they had concluded it was a legitimate business? + +Sorry for the wall of text but I feel I needed to vent, there was a lot more in depot conversations on the WhatsApp but that was the general gist above and it would take forever and a day to type out. + +The matter is currently with the police as (as it so happens) the contact I have in the police interviewed the exact same guy 4 years ago for the exact same crime but with a different company and they couldn’t press charges as there wasn’t enough evidence + +Long story short - I feel like Santander have wormed their way out of this by blaming me for not checking something that I doubt many people would ever think of checking and concluded a business was legit even thought it was dissolved 4 years prior. +My mom passed away a few months ago and I'm about to get life insurance check for just under 100k. +Now, I'm only 20 years old. I used to think having over 1,000 dollars was overwhelming. +I'm so scared I'm going to handle it all wrong. + +My thoughts so far are: + +-first and foremost talk to my boyfriends uncle who is a VP at a large bank about investing. He definitely knows how to handle that much money. If anything that's pocket change to him. But I'm scared he's going to tell to just invest it all. Which actually might even be the best idea but idk. + +-buy property in the city I currently live in. I was thinking if I owned a condo in a growing neighborhood, I could sell it for a lot more in a few years. I could even make a down payment with half the money and then invest the rest. Also if I get a 2 bedroom, the other person renting would pay enough to pay the mortgage and I'd save a lot of money. (Everyone I know at my age and older is renting) +-I also want to pay my dad back for the ~10,000 he's given me for college. But I'm not even sure he'd accept it. Just a thought. + +-my stepdad also offered to let me invest in the home he just bought for 230,000 but was valued at 300,000. But i don't know much about that. + +-I'm not sure what I'm doing with my life yet but I might want to start a company of a related field of my college major and I might want a business loan. + +-I also want lasik eye surgery but that's only 2,000 and I supposed I could save up from working. It's technically a cosmetic surgery so it was always out of reach to me because insurance won't cover it. But I've bought my own glasses and contacts since I was 15 so I'd be saving money in the long run. (I.e. I don't consider it frivolous) + +-same with a new laptop and stuff like that. I know I can buy it otherwise if I saved my money but I think I'd be able to justify using the insurance money because it would be beneficial to my career. (Right now I don't have a laptop so I have to go to my school all the time and they're not always open) + +Thoughts I don't have: +-blowing it all on frivolous things +-buying a car or anything with a sunken coat +-putting it all in savings. I am really broke right now and I'm about to not have anywhere to live this upcoming summer. +-my sister's wedding is coming up and I think that would be shitty to use any of that money to pay for the bachelorette party and a gift and stuff. Right? I'm not sure. +-making a large and risky investment +-doing anything with it that wouldn't make my mom proud of me. + +Thoughts?? +Anyone else been in a similar situation? +I guess it's different because I'm not an adult with a steady salary. +Idk!!!!!! +If any of this sounds really dumb or idyllic in anyway please let me know. Don't hold back (obviously) I NEED to make the right choices. This is a huge responsibility and I've always fucked up in life with money, and this is my chance to redeem myself. +TLDR: +I have more money now than I've ever had in my whole life and I'm only 20. What now???? + +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. +I bought a home two years at the age of 24(yay). Unfortunately I stretched my credit to the limit to afford it and have been struggling to keep above water ever since. My mortgage is 1,700 a month, which is more than I can afford without extreme budget management(I know, not smart). The last two years I've always had multiple renters offsetting my costs by renting rooms but with the pandemic I've lost much of that income by letting my parents occupy rooms for free and by having renters lose income from the pandemic. I am routinely working 20 to 30 hours of overtime at my job to keep above water and I'm tired of it. I want a much better work life balance, so I need to change the situation. I'm a new homeowner though and I'm not sure what my options are. I don't know if I should look to sell, move out myself and my parents to get more renters, or if I should just refinance. I would appreciate any advice. + +Edit to address common questions: My parents don't pay rent because they have been severely affected by the pandemic. They do contribute in buying groceries, taking out the trash, mowing the lawn, dog watching, etc. but while this is appreciated it does not equate to the income that a renter would bring. I am not going to defend the decision to house my parents in the middle of a pandemic, if you can't understand that decision, no words I say could make you understand. Yes I understand that kicking my parents out is the simplist solution, no I'm probably not going to do that. +Because at the end of the day, the squeeze has not squoze. + +You are short. I own the float. Your existence is in my hands now. mine. And you dropping the price like this, makes me laugh at how cute you are. + +I come from crypto, I lose 5,000% on the daily. (I have proof if I'm allowed to post btw) + +You dropping the price to 200 will never affect me, you dropping the price to 100 will never affect me, you dropping the price to 5 cents will never affect me. + +I know my DD, I know my worth. + +You cute little innocent bear, I will show you the way. + +**I hate posts that talk about price,hate hate hate, because usually good or not they promote fud, im sorry i just couldn't help myself.** + +**I genuinely noticed myself evolving and i have to let it out.** + +**I'M A DIAMOND-HANDED MOTHERFUCKER THAT DOESN'T CARE ABOUT A CURRENCY WHICH IS GETTING INFLATED FASTER THAN THE AMOUNT OF TIMES I JERK OFF IN A DAY.** + +PASS OVER THE RED CRAYON APE, ILL SNORT IT AND SHIT IT OUT GREEN. + +**I AM AN APE** + +**I AM A DIAMOND HAND** + +**I PLEDGE TO PUT MY LIFE IN FRONT OF A BLAZING FIREBALL IF I HAVE TO.** + +**I LOVE YOU** + +&#x200B; + +*APES FORMATIONNNNNNNNNNNNNNNNNN* +I just finished my watchlist after evaluating 300+ companies. It took me two weeks of full-time reading financials, calculate the maths and look up news around the companies for the last year. You don't have to take anything for granted, I'm not a professional analyst, just a guy with a lot of time and a decent look on financials. I'm not here for credit, I just think it might help some people and since it took a lot of time, it feels like a waste if I didn't share it. + +It's a lot of tech, but I feel like it's also the way to go, especially during this crisis. I'm mostly staying away from the financial and real estate, but will invest more when there's a more clear image on the situation later this year. Healthcare, Industrial, Military and Energy are very dependent on political changes, so I'm also careful with those. Anyway, here we go. + +**- ALPHABET -A-.** Cash king, enough to pay off all their liabilities easily. Very nice growth over the years, even when they're so big. Most of the times, you see blue chips / market leaders stagnate, but not Google. Advertising will take a hit and there might be restrictions on online privacy in the upcoming years, but they are still very strong armed to take on those setbacks. + +**- ARISTA NETWORKS.** Same as Google, very strong financials, growth and cash position. Only negative, is that they had a growth setback in Q4 of last year, but nothing indicates it's gonna keep on decaying. They will keep on gaining market cap from Cisco. Very innovative management team with experience in networking. They create high performance cloud networks for big datacenters. Microsoft and Facebook are some of their biggest clients. + +**- FACEBOOK.** This is double, I feel like next two years is a make or break for Facebook. On one hand, they still need to improve a lot on AI and control on fake news. They had (and probably still have) privacy issues as well and they will lose a lot of advertising revenue this year. On the other hand, Facebook is expanding a lot to different parts of tech. They have Oculus coming out for VR and they just started with FB Gaming. It's also not only Facebook, but they own WhatsApp and Instagram as well. To me, those are great companies at the moment and have an insane amount of users. Their growth over the past 5 years was close to 300% and they are also cash heavy. + +**- GALAPAGOS.** To give you some numbers: in comparison to 2017, they increased revenue by 469%, while expenses only increased by 111%. In comparison to 2015, numbers are 1391% and 253%. Their cash position is double the total liabilities and 10 times their expenses in 2019. You might say they're very ready to take on this crisis. On the operational side, they have multiple medicines in later trial phases and they're backed by biotech giant Gilead Sciences. + +**- INCYTE GENOMICS.** Another biotech company with great financials. They even reduced expenses since 2017, while they generated 40% more revenue. This year, 25% more hedgefunds have bought into Incyte, making it a total of 46 hedgefunds who own shares in this company. There is also 17,10% of the company owned by insiders, which shows they strongly believe in their company as well. The average insider percentage of all companies in my watchlist will be 6-8% + +**- LULULEMON ATHLETICA.** Steady growth. Cult-like following with their fitness programs. It's a real millennial staple. Very strategic store openings as well. I see a lot of growth potential, especially when they can get some celebrity athletes to wear their clothing. That will make their young and hip image even bigger. Quality wise, they are way better than giants like Nike and Under Armour, which will also result in better image and growing customer fanbase. + +**- MASTERCARD.** Very big profit margins (57% last year). One of the least best on financials in this list, but indispensable with a heavy growing e-commerce. Some might rather look at Visa, but I feel like Mastercard is more innovative. They invested in AI-powered authentication and cybersecurity. They are also more used by fintech companies, which is a sector that also will only grow the next 5-10 years. + +**- MICROSOFT.** No brainer. Biggest company in the world. Since their new CEO, they're headed definitely in the right direction. Microsoft changed focus from hardware to cloud computing. The cloud services are still in their early year, I see an enormous growth potential. Also very big usage of Teams. It's a personal opinion, but with those quarantine restrictions, I feel like a lot of companies will realize letting their employees work from home has a lot of financial advantages, which will result in sale of more virtual working devices. + +**- NVIDIA.** Market leader on semiconductors, making chips that process AI mathematic operations. They didn't grow that much in the last 3 years, but they are very cash heavy and ready to invest in the future. They are invested in all the big things for the future. Cloud, data, AI, gaming,... Some say GPU's are the best investment for the next 5, 10, 25 years, since you will find them in literally everything. For example, it will become an essential part of self-driving cars. + +**- VEEVA SYSTEMS.** One of the youngest company in this list, specialized in cloud computing in the pharmaceutical and life sciences industry. Best of both world if you ask me. It's revenue is mostly based on subscriptions, so there are almost no surprised there. That's also the main reason why this stock is so expensive. They have beaten revenue expectations for 20 quarters in a row now. Innovative CEO, who will keep on searching to diversify and growing, getting more into data and programmatic advertising. Financial wise, they also have enough cash to pay off all their liabilities and to get through at least one year without any income. + +One last thing: These companies are picked based on financials and future outlook, I didn't take value into account. I know companies like Lululemon Athletica and Veeva Systems are expensive, quite overvalued. I'm not buying into them right now, but maybe in the future. + +Hope it helped at least one of you out there, enjoy the Easter weekend! + +TL;DR. Stonks only go up. +Today I saw a post talking about a fallen ape, it hit me, the amount of people we’ve lost from January until now. I’m a humble XXX holder, UK ape. I want to see a change, the MSM is horrid, it knocks me sick. The stuff they get away with. + +But I don’t hold so I get rich. I hold so I get money that I can spend on people I care about. For people I’ve never met that deserve better + +It’s all fun saying “wen lambo”, but I think it’s a VERY small percentage of us that’ll actually buy for themselves + +I think the majority here will give back. + +To be honest, I can’t wait to give back, to children’s hospitals near me, to buying the less fortunate meals. I won’t post about it, I won’t record it, I don’t care about that. I just want to be able to make a difference to peoples lives + +That’s why I hold + +A better future for the many + +And I’d like to think there’s so many of us that think the same way + +I love you guys and gals +Today was healthy for us in a lot of ways. A moderator's job is to moderate - to make sure things flow properly. To help the community. Today was not supposed to be about them, but for what it's worth, they do a great fucking job. I would kill to have some of the ideas and dedication that these mods have on another forum that I frequent. They also did some things wrong today, and that's okay too. We're not perfect, any of us. And Jesus H. - we're a bunch of fucking retards right? What else do you expect? My god - if I tuned into 3 or 4 self-admitted retards trying to livestream to 25k people for the first time and didn't expect at least 10 smiles and 1 nearly blown set of headphones, well...... + +But that's not what this is about. I'm a dad. I work. I have invested 15% of my earnings this year, or the equivalent of 66% of my earnings 10 years ago, which is the equivalent of 34 straight weeks' of work over a decade ago, into this thing I like. 34 weeks of staring at screens and dealing with peoples' bullshit 24/7. That is the effort I have put into this thing. And it's a thing. It's more than a stonk. It's more than an option. It's a fucking thing, and I'll leave it at that. My heart is in this thing. + +But back to the "dad" thing. I saw something today which I could relate to. This guy who started a company I never bought from joined the board of a company I invested in, and today tells people that as his dad would say, "buckle up". So as a dad, I'm like - damn, I tell the kids this shit every day. What does it mean underneath? + +It means we're about to go on a journey. It means I'm going to help steer us in the right direction. It means that I want to keep you safe and I don't necessarily know what lies ahead. It means I'm in the same vehicle with you. It means we're literally (and fuck this catch phrase for 2020) in this together. It means we will probably run into some turbulence. It means we will probably run into some ups and downs, some starts and stops. But if you buckle up, you will move with the machine that is carrying us. That machine is called Gamestop. And we're going to stop the fucking games. We are. + +I had a bunch of work shit to do today late in the day, followed by a dr. appt. Then I had to scramble home and do some family commitments. So I saw the insane battle for $300 from a dr. office lobby on my phone. Then as I was heading out with my family I saw the stock price drop like thirty points or something right before we went out. Then while we were out I'd check in and see the same fuckery, and just smile. I was thinking in my head that we probably missed earnings by a few cents, or there was some dirt on the new execs. Something dumb. The I later saw that we hit sales. We hired two execs from Amazon (fuck Amazon btw, but they deserve the benefit of the doubt). We are going to drop 5 million more shares at some point in the future. And this is what got me. I haven't yet read the DD for the day, or the top threads. I'm writing this completely blind to sentiment right now. But my immediate thought was oh fuck. This is absolutely what I'd do if I knew we were going to explode in SP. I would make sure we had a way to cash in on the MOASS. Why the fuck not? And even if they dilute another 5mm shares, what is that to us really? Haha. I figured this last bit was the reason for dip, who knows. But me, I think this last bit is the absolute recognition of this company that we are gonna go boom. + +And last thing. Today wasn't about mods. Today wasn't about HFs. Today wasn't about SP. Today was about fucking Gamestop. I used to go to goddamn Babbages and buy games man. There is a special place in the ❤️ for this. Today was about Gamestop. They are not just a proxy, or a conduit for us to make our tendies. They are our symbiotic partner. Some would even say mother. But we need to respect the entity, as it is more than just a ticker. Or an almost-dead company. Gamestop is about transformation. It is a fucking butterfly. Right now we're in caterpillar/chrysallis mode. Soon it will be time to fly. And usually before I fly, I fucking buckle up. + +Did not even proofread, just hit post. So excuse typos and brevity. + +EDIT: Christ you guys, thank you for the overwhelming support/awards/comments and messages. Didn't mean for this to get people all emotional and stuff, and now you guys are making me all sappy. So I'm gonna take a deep breath, give you my profound thanks and understanding, and get my shit back together so we can protect the fam. Dads, moms, kids, apes - much ❤️ + +**Let's go get it.** +What's up with these two tickers. People here seem crazy about it but do they have a dividend yield? Fidelity seems to suggest no dividend. What am I missing here. +My first job out of college was at a huge corporation similar to Intel. I worked there for 2 years before I left, and most of the people I worked with had 30 or 35 years with the company, hoping to ride it out for a few more years until retirement. The guy who sat next to me in the office was in his late 50s/early 60s and made ~$120k a year with 35 years of service. But his house still wasn't paid off, he bought new cars every few years, and he would sometimes admit to me that he was worried about his retirement. I think having an entry level job at a large company and looking around, seeing people in their 50s and 60s worried about their future, is a large part of what inspired me to save as much as possible, as early as possible. + +----- + +**Here's the article:** + +You know, I literally thought I was untouchable. I had been with Intel for 28 years. I'm not worried about losing my job, maybe a redeployment, and a new job is like a vacation right? I got to work early Tuesday morning. I had some notes and items to get cleaned up prior to an important meeting. I noticed a 10:00am meeting on my calendar with my manager. Didn't think much about it. I was happy and smiling, when I approached the conference room door I noticed the HR representative sitting with my manager. Now it doesn't take a lot of sense to know that this probably isn't about that big raise they are going to give me for being such a great employee. + +The HR person got right to business and told me as of this moment I have been terminated. I said this must be some kind of a mistake or a bad joke. As the HR representative stared at me with cold dead shark eyes I realized she was not joking. My actual response was " I have things to do cant we talk about this later" she said No, I want your badge (ID) immediately. You must turn in your Laptop and any Intel property you have. It was a surreal out of body experience. I was literally on the ceiling looking down at this entire situation and I didn't like it. Now this is the pleasant most humiliating part. After helping actually build this site, I was escorted back to my office and handed a shopping bag. I dumped the contents of my backpack on the desk, picked up the pictures of my kids and grandkids and left everything else ( why would I want anything from a company that betrayed me after 28 years). I was marched down to a conference room and handed a thumb drive and told to take all the personal items off my laptop and to wipe my phone. But just prior to doing that, the technician assisting grabs the laptop out of my hand and states he has to disable the wireless so I don't send off some information or a an email warning others (Ha Ha) I have been with the company 28 years, I didn't become a criminal (like I was being treated) within the last 15 minutes. I was walked to the door and I never looked back. I kept hearing I'm sorry behind me, trust me it didn't help. + +As I walked to my car my head was swimming with emotions. I was mad, I was enraged, I was literally shaking and when I got in my car I realized like I looked like I had been punched in the face. I was not in a good place and I really shouldn't have gotten behind the wheel in that condition. So I sat for a moment, but the longer I stared at the building the more upset I had become. Losing your job after 28 years is like losing your family. No I cant call them up, no I cant go to lunch and just chat, I am alone now. + +This first thing I did when I got home was pick up the laptop and start looking for jobs. I whipped up a 20 minute resume thinking that I am so talented that I will have a job by tomorrow. My head was spinning. I was applying for every job I thought I would have a chance at. McDonalds, Dog walker, bus boy, landscaping (mowing lans), you get the picture. Keys pounding, resume's flying out of my mail. + +Then my daughter called me. She is a very level headed woman that has held some pretty lofty positions in the entertainment industry in Hollywood. She was right on the money when she said " How many resumes did you send out today" I responded gee, I don't know 10 or 12 I can even remember the names of the companies. She said I want you to put down the laptop and listen to me. + +Here is what she said. A tragic thing happened to you today. Your mind is reeling and you probably have a big case of anxiety and frustration. You picture yourself living n a box under the overpass. Your family thinks you are worthless, you think you are worthless, everyone in the world is against you. Just drive off into the desert and die somewhere, the world will be better off. All I could do was listen in amazement as she perfectly explained my state of mind. She said I know because I have been then 3 times now. Then came the words of wisdom. + +She said: you are a talented individual. It is unfortunate what happened but it did and anything you say or do isn't going to change it. You cant cry over spilled milk, its gone! You need to take a couple of days or even a couple of weeks and decompress. You are not an Intel employee anymore. You do not have deadlines and commitments to meet. you don't have to sweat over all the work that was hanging over you head like an ax on a thread waiting to lop your head off. STOP, STOP and STOP. Take a breath. She asked " What do you want to do" Do you want to go back to work so bad that you are willing to accept another job that you would be miserable in or do you want to take your time, think about your skills and how they could apply to the job that you really want. This is your chance to reinvent yourself. Everyone that loses their job goes through this exact feeling of "disconnected". Take this time to reflect, don't think so hard about getting a job. Think hard about what I want to do. I don't want some job at McDonalds or Walmart. I want to work for the Forest service, or I want to have a job that allows me to be outside, I love highly technical things, I love golf, I love outdoor sports, I love target shooting, I love building motorcycles, I love wiring homes, I love technical problems that I can dig into and fix. The point is I have many skills. Those skills did not go away when I left my job of 28 years, but it sure felt that way. + +No, No, No, You are what you have always been. A very talented person with skills that can be used in several areas that would accommodate exactly the job you want. Don't settle for a job that will just be a job. Go for a job that will bring you some happiness. I love sports, outdoors, meeting new people, fixing things, helping people, above all I love life regardless of what curve balls it throws at you. + +Big Corporations don't care that you have a mortgage 3 kids and a car payment. Stop being a victim and start being aggressive in getting what you want for a change. Like a job you love. + +Take a deep breath, relax, you are important, you are needed, you do have a place on earth and people rely on you to be strong. Above all your family and friends Love you and honestly, any job or money cant buy that. + +-kim + +Source: https://www.linkedin.com/pulse/lost-your-job-recent-layoff-kim-williams +Anyone going to calendar spreads? I put my first one on the other day. I don't have much experience at these and I was wondering if any thetagangers had any pointers. +I would like to sell naked (margin secured) puts. I know what i am doing and they would be otm on a stock I am bullish on with plenty of cash in the bank to transfer in case the trade turns against me. + +It's pretty frustrating that it is so hard to get approved for level 4. + +For context, I have a 5 figure account and many years options trading experience. + +Any luck getting approved on any real brokers? I am with fidelity currently. + +Update: Thank you all for the replies, I just opened an account with TD and was approved, looking forward to trying out thinkorswim desktop app as I have heard its much better than Active Trader Pro +It seems premiums are high everywhere and Theta gang is straight up killing it. I've started pulling in 2000-3000 a month recently, and it's a great way I've been buying more shares. I've been using it to invest more and diversify better than I originally put in from my bank. + +I get this won't last forever, and am curious as to what people may have been pulling in before the markets got super volatile. + +People that are pulling in thousands a month now, what were you pulling in the years prior with CCs and CSPs? (Give or take the same amount invested) +I just recently got into the idea of selling options and I'm still somewhat comprehending how they work. But for the idea of selling a cash-secured put, if you were already planning on buying 100 shares of the stock at that price, would there be any downside to selling a cash-secured put at the strike price, and keep repeating it until you the deal gets executed? From what I understand it's a no-lose scenario (assuming you already wanted to buy it). + +Also, if you are selling covered calls for a stock you hold (strike price above your cost basis) for cash flow (not appreciation), wouldn't it just make sense to sell covered calls on it to add more cash flow, and if its executed you still make a profit. This just seems to easy to me and please tell me if I'm missing something +Those that have only a chart of gainz with absolutely no info on what positions, some explanations/rationale. Those posts offer absolutely no value for others. +So, I have been day trading for like 2 months now. I have (unsurprisingly) been unprofitable. I don't expect to be profitable for a while, but I would still like to create a strategy. I really don't know where to start though. Currently, my "strategy" is to find stocks that went down, and when the market opens and confirmation happens buy into them with a 1% stop loss. I have been playing it safe, I know the market isn't some get-rich-quick thing. But I would still like some tips on how to develop a strategy. I don't really want a strategy outright. Idk if yall have anything, but it doesn't hurt to ask I guess. +TLDR: one should have \~60% equity mix going into retirement in equity .but if you are in top 90% NW ( \~$4 M)+, it should be 90% equity mix for optimal allocation. (up to 1.7% annual increase vs. typical target date fund: TDF) + +MIT Professor just published this deep/dense paper ( with many many equations) and use of Google TensorFlow. [Jonathan A. Parker - Individual Faculty Page (mit.edu)](https://mitmgmtfaculty.mit.edu/japarker/) + +&#x200B; + +Some interesting take away [https://mitsloan.mit.edu/shared/ods/documents?PublicationDocumentID=8124](https://mitsloan.mit.edu/shared/ods/documents?PublicationDocumentID=8124) + +* equity allocation should be much higher ( above 90%) in you are in top 90% net worth at $4M, since you core SWR is lower and have more flexibility in your spending when market is down ( this is matched by what I read along most FATFIRE thread) +* paper also covers optimal equity mix when stock market is expensive vs. cheap ( uses PE ratio as proxy). but the author also state that is not a good indicator and it is hard to see if market is expensive looking forward ( only obv looking back) and doesn't have much predictive power. +* Paper also goes into the modeling spending how actual spending varies along the age and post retirement. (TLDR: it does down and flat post retirement vs working) +So if Cap Gains go up and the tax starts in 2022 (not retroactive). What asset classes do people think will be impacted. Real Estate, Stocks, Crypto etc. + +I assume some people will sell to avoid the higher 2022 rates. But when they sell there is a good chance capital will be reinvested. So with reallocation it seems possible some asset classes could benefit. + +Off the cuff I would think that assets that have seen decent appreciation will be sold off since there are more cap gains located in those. + +Also why its relevant to fatfire. People that are fatfire are more likely to impacted by the newer cap gains (they only impact income over 1 million). And so not only do FATfire people need to think about selling assets (to avoid high cap gains). But thinkabout what everyone else is going to do impacts when and if to sell. + +Also I know some people think they just need to wait 4 or 8 years for rates to be lower. First off not everyone thinks this. So even if you do it doesn't mean other people won't sell. + +And additionally, a party would generally need control of all 3 (Pres, House, Senate) to lower rates. And historically, when max cap gain rates went up in the 1930s/1940s then didn't go back down to a comparable level until early 2000s. + +Also I know some people don't think someone should think about things that have not happened. But in my view many business/investing decisions are based on trying to weigh the percentage chance of different future outcomes. +Buy GameStop on IEX or on straight to market brokers every post should be this and every body should do this. Don’t ask me what the shit is you want to be a millionaire or billionaire look it up your self. Don’t be so incredibly lazy. If you refuse to fight the war rather than just buy your one share and say your doing something stfu. + +Buy on IEX or on a direct to market broker. Buy on t+21 and 35 days. You either wanna win or you want to complain about manipulation. Buy gme on iex or direct to market broker. That needs to be every single post till this is over. Like this if you want but you should repost and flood the timeline with iex or direct to market. Only way to stop the super manipulation. +As investors we need to make noise about the DTCC's potential securities fraud with the recent Gamestop 4:1 split via dividend. + +&#x200B; + +This is international now - brokers all around the world have potentially been lied to and are committing second hand fraud - which is a risk to their business model. Although we cannot report directly to the FBI, if enough noise is made then it may show up on their radar (if it hasn't already). + +&#x200B; + +How can we help raise awareness? Contact your national news outlets. Contact your embassy, contact your governors. Contact Youtubers who cover this type of content/wallstreet/finance. Contact your brokers and tell them they may be at risk by following the DTCC's instructions. We live in the internet age my friends - we have endless media outreach at our fingertips and can use that to our advantage. + +&#x200B; + +What happens when you search 'Gamestop stock split fraud?' Absolutely nothing. Why? Because we are being silenced. + +&#x200B; + +Will you be silenced forever or will you make a stand? +Article [here](https://www.bnnbloomberg.ca/vancouver-home-sales-down-39-4-in-april-to-near-40-year-low-1.1431202). + +Home sales in the Greater Vancouver area hit their lowest levels in nearly 40 years in April due to the COVID-19 pandemic, and experts say buyers can expect price declines to eventually follow. + +The sales total of 1,109 homes was 62.7 per cent below the 10-year average for April and the lowest total for the month since 1982 after a full month of COVID-19 restrictions. + +It could take months, however, for changes in the economy and housing market to start to reflect in home prices, said Steve Saretsky, a realtor at Oakwyn realty. + +“Real estate's really slow moving, it's sticky. It's especially hard to judge prices when you have volumes that are the lowest they've been in 35, 40 years.” + +“Forced sales will add to supply, and probably outweigh the offsetting impact of reduced supply of new units.” +Revised September 6, 2020 + +&#x200B; + +Occasionally people ask how these loans work. With that in mind: from the Canadian prairie on a beautiful day in July, (updated in lovely September) to you, I offer my thoughts on understanding margin math. + +&#x200B; + +I begin with an excursis into what I think is a smarter way to trade than long stock on margin, and then proceed into the margin discussion: + +\*\*\*\*\*\* + +&#x200B; + +**Note: I believe that especially for small retail speculators/investors who are looking to grow their account (and even large ones), exchange-listed options offer vastly superior leveraged trading and investing, as compared to traditional margin accounts. With call and put options you can get substantial, sometimes tremendous leverage, and yet with an absolute limit on your risk, because you are limited in risk to what you paid for your option. Long calls and puts are also TFSA and RRSP-compatible.** + +&#x200B; + +**Option trading in the TFSA can be amazingly worthwhile, because you get extreme leverage, with absolute limitation on losses....and it's 100% tax-free.** + +&#x200B; + +**You can buy these contracts on about the top 25% of the TSX-listed companies, by market cap, on the Montreal Exchange. In addition to that you can buy options on sector and index ETFs, furthermore, the U.S. offers thousands of options on stocks and ETFs also, on the Chicago Board Options Exchange and a number of other exchanges in the U.S.. Any Canadian brokerage gives you access to the Canadian and U.S. exchanges.** + +&#x200B; + +**Continental Europe also offers tremendous option trading, as these contracts are apparently popular over there with investors. You can access the Continental European markets with Interactive Brokers Canada, as AFAIK all of the other brokers only offer the Canadian and U.S. markets.** + +&#x200B; + +**See the Montreal Exchange Equity Options Reference Manual for details.** + +&#x200B; + +\*\*\*\*\*\* + +&#x200B; + +First, if you're from the U.S.: I'm doing this from a Canadian perspective which means I'm ignoring the Regulation T, special memorandum account, overnight maintenance requirement, and initial margin, because all of those are concepts that have no equivalent or application in Canada. But the basics are the same. You can ignore all of those concepts because they have no bearing on how margin actually works. Those concepts are simply restrictions in how you can use margin and as a practical matter they're not onorous restrictions. + +&#x200B; + +I'm also ignoring U.S. risk-based "portfolio margin" because that's a specialized, alternative margin system some brokers offer in the U.S., that we don't have in Canada. We have traditional, rules-based margin that hasn't changed in Canada in 100+ years. + +&#x200B; + +Note: If you are a Canadian resident buying U.S. stock in Canada you still fall under the Canadian rules for margin. + +&#x200B; + +Margin in Canada hasn't really changed since the 1900's, except you have to put up at least 30% nowadays instead of 10% as it was back before the crash of 1929. Basically that's the only thing that's changed. + +&#x200B; + +In Canada you can borrow up to 70% of a position at once for most stocks. This means that if you want to buy $10,000 worth of RBC or Apple, you only have to put up $3,000 and your broker lends you the rest. + +&#x200B; + +Margin was first developed in the Netherlands which basically invented the modern financial system we have today in the West, back in the 1600s. The Dutch East India corporation (ticker VOC) was at one point 20% of the world's total commerce. That would be like a company in 2020 grossing about 16 trillion US a year. By comparison Apple brings in about one half of one percent of that. The Amsterdam stock market developed just to trade VOC and other shares and related securities. + +&#x200B; + +Seein the success of their Continental rivals, the British copied the Dutch and for a long time, until after the Battle of Waterloo, the western world had two rival financial capitals, London, and Amsterdam. For various historical reasons, Amsterdam got pushed out of the picture and for about 100 years the City of London (which is what the financial district in London is called) was the financial capital of the west. They of course now share that crown with New York City. + +&#x200B; + +But it's really the Dutch who started it all, around the time of Vermeer. + +&#x200B; + +\*\*\* + +&#x200B; + +The concept is that the bank (or broker) will lend against some of your stock, but not all of it. They want a "haircut." The haircut is the amount they won't lend against. In Canada the haircut is usually 30% but can be 50% and there are some stocks the banks won't lend against at all, like most of the stuff on the TSX-V or on the U.S. pink sheets. Every bank is different, so BMO InvestorLine might want 50% on one company and Interactive Brokers Canada might want 30% or vice versa for another. But most things are 30%, some are 50% and some are 100% (meaning no loan). + +&#x200B; + +The maximum available leverage is 1/haircut. + +&#x200B; + +If the haircut is 30% as is typical in Canada, the bank will let you buy up to 1/0.3 = 3 1/3 as much as your cash, meaning, you can borrow up to 2 1/3 dollars for every dollar you put up. That's the limit. But: + +&#x200B; + +So say you have $3,000 and you want to buy on margin. As the bank haircut (margin rate) is 30%, you can buy $3,000/0.3 = $10,000 worth of stock. Obviously you then have a loan of $7,000. + +&#x200B; + +You now have $10,000 worth of stock, but remember, the bank won't let you borrow against 30%\*$10,000 = $3,000. So your collateral is only $7,000. So you now have a $7,000 loan collateralized by $7,000 worth of stock. + +&#x200B; + +In the above example, you put up 30% margin, the same as the haircut. + +&#x200B; + +It's easy to see that if your total position slides so much as a dollar, you will have less collateral than $7,000 and therefore get what's called a "margin call" where they will tell you that you have to put up more money in a few hours or sell stock (which automatically pays down the loan to the extent of the sale) so that you have enough collateral to cover your loan, otherwise they will automatically sell a stock of their choosing at an amount of their choosing. + +&#x200B; + +They are also allowed to sell whichever stock they choose automatically without calling you first, in the event of a margin call. **That is explicitly set out in your margin agreement.** + +&#x200B; + +There have been at least two challenges to that in the Ontario courts in the last 20 years or so, where the former client argued that the bank sold their shares out without first advising them, or, in one of the court cases, after promising to hold off so that the client could put up money, and then reneging on that and selling the client's stock anyway. + +&#x200B; + +The court in both cases sided with the bank. The margin is for real, not negotiable, it is there to protect the bank and the other client's capital, and the words "the bank can sell at any time and without prior notice" mean what they say they mean. If you get sold out at a loss, don't expect the courts to give you redress. + +&#x200B; + +So obviously you need some "buffer" because of volatility, but how much do you borrow? + +&#x200B; + +Now you have to understand some more math. + +&#x200B; + +target margin = 1-(1-x)\*(1-haircut) + +x is the price drawdown + +target margin is how much margin you have to put up. + +&#x200B; + +Say Apple is marginable at 30% (the haircut) by your bank. You decide you want to borrow on margin. But you decide, "I will allow Apple to slide 40% from what I buy it at before I get a margin call." So how much margin should you put up? + +&#x200B; + +target margin = 1-(1-0.4)\*(1-0.3) = 1-0.6\*0.7 = 1-0.42 = 0.58. + +&#x200B; + +So you have to put up 58% margin. + +&#x200B; + +That means if you have $3,000 to invest, you would buy $3,000/0.58 = $5,172 worth of Apple. If Apple is trading at $350 that means it can slide to $210 before you get a margin call. At which point you will have lost 0.4/0.58 = 68.9% of your money. (Remember, leverage is simply 1/margin.) + +&#x200B; + +You can convince yourself by working through it as a check. + +&#x200B; + +In the example, as you had $3,000 and you margined that at 58%, you bought $3,000/0.58 = $,5172 worth of stock. Obviously your equity at the time of purchase was be $3,000 because you owned $5,172 worth of stock and owed the bank $2,172. Because of the haircut, 0.3\*$5,172 = $1,551 could not be used as collateral. + +&#x200B; + +Then the stock slid 40%, from $350 to $210, so your total stock position was then (1-0.4)\*$5,172 = $3,103. Of course, you still owed the bank $2,172. But remember, not all of the $3,103 was available be used as collateral, only 70% (meaning, 1-haircut) of that. + +&#x200B; + +So at $210 your collateral was (1-0.3)\*$3,103 = $2,172, exactly the same as the loan amount. $210 was, therefore, the lowest price at which you still have sufficient collateral. Anything less and you would have received a margin call or the bank would simply have automatically sold stock, depending on how they saw the risk. + +&#x200B; + +Key takeaway here is that the haircut is 30%, meaning that 30% of your stock cannot be used as collateral, which mathematically also means that your account equity/total amount of stock = (total amount of stock-loan)/(total amount of stock) has to stay at or above 30%. You're putting up 58%, meaning you're borrowing 1/0.58 - 1 = 72 cents from the bank for every dollar of your own money that you put up. + +&#x200B; + +The formula above is simply a rearrangement using basic algebra, of the basic margin equation which is: + +&#x200B; + +**price at margin call = initial price of stock\*(1-target margin)/(1-haircut)** + +&#x200B; + +&#x200B; + +Whatever you do, make sure you are maxing out your TFSA or possibly RRSP or possibly both before you use margin, or only contribute a small amount of capital to a margin account and make sure your TFSA or RRSP is your main stock investment vehicle. **Do not put up your TFSA as collateral on a margin account.** You could end up getting a margin call, then the broker transfers the TFSA over to the margin account, but then the stock market slides again and now your TFSA is wiped out along with your margin account. Questrade offers this and I think it's an absolutely terrible idea. Frankly I think the CRA should disallow it. Notice how none of the banks offer this. + +&#x200B; + +Also have a plan for a margin call. You will get a margin call at some point. One good plan is simply to sell enough stock to pay off the margin loan and then re-enter margin when conditions warrant. It makes absolutely no sense to have cash lying around to meet a margin call. Why not just invest the cash and not use margin. The old adage is, "Never meet a margin call" and I think that's good advice. If the bank gives you to choice of either putting in more money in or selling, then sell. + +&#x200B; + +To me there are only 3 reasons you would use a margin account: + +&#x200B; + +* You have a large account in a diversified stock portfolio and you want to borrow against say 5% of that to go and buy a car, renovate your house, pursue an investment other than securities; +* You are consistently good at beating the stock market by a significant amount, and you have maxed out or at least significantly contributed to a TFSA or RRSP or have other wealth-generating property, you have a well-thought out plan that you commit to, that governs your trading decisions, how much you will borrow, and what you will do in the event of a margin call; +* You are executing certain trades that require a margin account; for example, options spreads, short selling stocks or commodity futures trades. + +&#x200B; + +To me the following are bad reasons to trade on margin: + +&#x200B; + +* It looks like a way to make even more money in stocks, even though you don't know how to make money in stocks; +* You are a diversified "Canadian Couch Potato" -style investor getting more or less average returns and you realize that you can buy stock get a 5% dividend yield and pay 4% pre-tax on margin money, so you decide to be a margined "couch potato." + +&#x200B; + +Margined investing = active investing = checking your positions at least daily and following a trading plan. + +&#x200B; + +Finally, the average investor working with average capital should always, always, make the TFSA their #1 priority. The TFSA is truly a gem. When I was in my 20's back in the 90's, the only tax shelters for the average Canadian were the sale of their primary residence and the RRSP, the latter which is a deferral and a deduction but not an outright break the way the TFSA is. + +&#x200B; + +The TFSA offers leverage effectively equal to the capital gains inclusion rate \* your average taxation rate, and yet without a margin call and at zero percent and it doesn't even magnify your losses. No margin account can match that. + +&#x200B; + +Some investors don't believe in margin at all. Like Warren Buffett, who said in a 2018 CNBC interview, "It's crazy to borrow against securities." (Note he said borrowing against stocks, not borrowing to buy stocks.) But he is right in saying that the bad thing about margin is that it gives you limited additional potential upside but at the cost of great potential downside. + +&#x200B; + +**Understand the risks. Read your margin agreement. Consider even meeting with a securities lawyer who can explain the agreement to you.** + +&#x200B; + +The post here was to explain how to do the calculations for this popular and important financial tool as there is a lot of misinformation out there on the subject, make some suggestions on how you can use it as a part of your overall portfolio, and give my opinions on how one might do that. + +&#x200B; + +Whichever road or roads you take, good investing. + +&#x200B; + +For more details on the TFSA and its contribution rules, see [https://www.reddit.com/r/CanadianInvestor/comments/hcy9r9/how\_the\_tfsa\_works/](https://www.reddit.com/r/CanadianInvestor/comments/hcy9r9/how_the_tfsa_works/) + +&#x200B; + +&#x200B; +The slower I’d consider going. I know it’s a painful statement but trying to intraday trade or scalp on a $10k account is not a very reliable approach to developing wealth. It’s a bit of a conundrum: when we start we want things to move quickly but tend to have limited capital. Want to develop wealth? Accept that $5k you’re starting with is no where near enough to turn into your future fortune. Focus on developing strategies and skill sets that you can reliably apply as you continue to save and build your account. + +Options can be a tremendous source of income once you have a developed account and sound approach. Don’t get in your own way but rushing, taking unnecessary risk to try and make more now. +This happened two days ago. My dad wanted to invest in cryptocurrency. I told him of a couple of reputable sites he could get cryptocurrency from ([Kraken.com](https://Kraken.com) being one of them) and he looked for the site on google and clicked on the first result, which was an ad making it look like it was Kraken but it was **101investing (Beware)**. He should have stopped here but he proceeded to create an account and make a deposit even though the site wasn't Kraken. His logic was that it might have been a third-party company Kraken used for verification and deposits. + +This is the point where I find out what he had done and told him he shouldn't have proceeded if the site wasn't the site he was looking for. I then proceed to analyze the website and find a way to withdraw the funds asap and slowly I start noticing how dodgy and feature lacking their website is. They kept calling him and I told him not to answer the calls but he did this anyway and they said he didn't approve a test and proceeded to ask for pictures of his ID ("for verification", I'm not sure if these were received by a third-party service or by them) and then they made the test again (which is required in Europe or at least here in Germany to be able to trade stocks). **The woman proceeds to tell him all the right answers so he would approve the test** (I believe without this they wouldn't have been able to use the funds). He did as she said. A couple more important points here: + +* **I reported the ads to Google but they are still live.** +* **They claim to have been approved by several European institutions but they do not appear on the official lists of these institutions.** +* **They called from a number that can't be called back.** +* The card he used was canceled since we don't know if a third-party service was used for payment processing or they already have the card's details. +* They have ridiculous fees. If you don't use your account for two months you should pay 160 euros and the fee keeps rising the longer the time is. +* You cannot link a bank account anywhere to get your money back (A credit card was used for the deposit). I started a withdrawal but I'm pretty sure it will be stuck as "processing" forever. The site seems to be designed for people to believe their funds are there so they deposit even more money. +* The little information there is about this site is people complaining about getting scammed or obvious fake positive reviews. + +Yesterday a new charge appeared on his card for 40 euros. Barclaycard was called and they said those are the fees for online casino deposits (4% of the initial deposit, it's a German or European law). So, we know **these people are registered as an online Casino. (Edit: 40 euros is 4% of what he deposited, not what he was scammed for)** + +Barclaycard just seems to tell my dad that it was his fault and that's it. They don't care that the company "sells" stocks and cryptocurrency but is registered as an online casino. I don't think he will be getting his money back, I find it very frustrating that Google ads and Barclaycard don't seem to care at all and people are still getting scammed. + +I just want to know if there's anything else I can do, even if it's not to get the money back but to protect others from getting scammed. + +&#x200B; + +\---------------------------------------- + +Edit and updates: Thanks a lot for the attention and advice. I've read some of your comments with my dad because he barely listens to what I said and I wanted to show him what other people think. I didn't recently tell my dad to invest in cryptocurrency, this was months ago and he acted out of frustration because he missed out on the chance. I actually told him not to invest in it one day before the scam because everyone had made profits and they were ready to sell. Some people have mentioned I should have recommended a different broker but I could have recommended anything and he would still have opened an account on [weareheretoscam.com](https://weareheretoscam.com). He just overestimated the legitimacy of google ads. + +Our relationship is very difficult and he rarely listens as some of you realized from the few words I shared. I'm trying to find some peace in this situation, I went to the ER recently with 180+ blood pressure and they believe it was just a lot of stress and I'm also looking for a therapist at the moment. I hope my parents stop making dumb decisions soon. + +**Important:** I just realized the inactivity charges they show might still apply for him after 60 days so it would be wise to try to close the account, otherwise they will charge more money for "inactivity" as long as you have an account with them. The charges shouldn't go through with the card canceled but I'm very paranoid at this point. + +\*Some people said I was doing publicity for Kraken which is not true. This is an old secondary account since I don't want to reveal personal information. I also recommended Binance, coinbase and bitpanda to my dad. I only mentioned Kraken because it was the relevant one for the scam. +I can understand if someone doesn’t invest in stocks. But any particular reason they don’t invest in Mutual Funds. + +This is a follow up question to “Why do most Indians think stock market is like gambling?” + +Mutual funds are less risky than individual stocks. + +Since inception, Nifty has given a CAGR of 12% while Nifty Next 50 has given a CAGR of 17%. +Please review it after ignoring the last MAB Changes & a bit of updates in the ATM charges etc. Every bank introduces changes now & then and with the digital convenience they bring, it's quite better than any other bank. + +Also, comparatively, DBS has got a simple straight rate & fee chart that'd fit a single page instead of the ones by a lot of other banks which have it 3+ pages & new charges you'd get to know after you've been charged. So the charges & everything look still pretty competitive with a decent MAB & free ATM transaction count. + +I'm willing to use DBS as a emergency fund & wealth accumulation account with an SBI account to use for regular payment from UPI, SIPs, stocks to Bill payments. Your experience? +I keep hearing that if you want to get very rich and create substantial wealth then investing directly in stocks is the best way to achieve it. Investing in the equity mutual funds via SIP over a long period will help you earn decent returns and may make you rich but not as much as directly investing in stocks. I would like to clarify that as far as equities are concerned am invested in them via Mutual funds only. +So what do you guys think? Can people become rich or create substantial wealth just by investing in Mutual funds? We have many examples of people who have made it big in life by investing in direct stocks but does anyone have examples of people who made it big by investing only in mutual funds. +[Foreign investors pour into India stocks despite sinking economy - Times of India](https://timesofindia.indiatimes.com/business/india-business/foreign-investors-pour-into-india-stocks-despite-sinking-economy/articleshow/77950252.cms?from=mdr) + +Just read this article. I remember back when the lockdown started, investors pulled money out of Indian markets. Are these investments just the same money coming back or is this more than that and investors actually see potential in the Indian market? + Looking through the sub, I didn't see anyone specifically ask about when they started using a property manager. So: + +When did you get a property manager? + +What made you get a property manager? + +How many units did you have? + +How much were you earning to justify the property manager? + +Alternatively, what made you not want a property manager? +One unit pays the entire mortgage. This is a NO brainer right? I gotta buy this building? It's in a good location, all units fully rehabbed. As close to turn-key as I've ever seen. +I have just got a duplex and listed for rent. I am getting some inquiries about section 8 renters. + +Is there anyone who can share their experience on having a section 8 tenant if you never had one? I have property in NC +Thanks +Yes, NFTs and crypto shit is cool, but lets not forget the entire financial system is held together with string and shitty glue. + +JPOW and every crook under the sun has their dicks caught up in a system so unimaginably fucked, we'll be living with the fallout of the next collapse into our fucking 50s, 60s and 70s. + +It is unraveling right before our eyes. The wrinklies have foreseen it. + +It will come undone anytime between now and September. + +HODL my primates. Buy and HODL. +I’ll be moving to Canberra from WA, and would like some advice on decent, affordable suburbs, recommended residential type and/or ownership and how to save the most money possible. + +For context, I’m 23/M and will commence full time work in there. Won’t be making more than $76k for at least the first year. Moving with my girlfriend, who will be unemployed to start but will seek work immediately , she is qualified to do corrections and other social work. + +We have no debt. Would renting an apartment be wise until she gets a job? We’d rather not share a home with others, and then would purchasing a home be the next logical step to avoid the crazy rental costs in the ACT. + +Goals will include investing for retirement as aggressively as possible. Growing our wealth is my only concern in the short term whilst living there. +**Foreword**: + +This post is an expansion of my theory on what the financial media is doing, as recommended by another user [here](https://old.reddit.com/r/Superstonk/comments/o2bi28/to_me_this_was_the_best_part_of_the_whole_melissa/h26vzct/). + +&#x200B; + +[TL;DR for what comes below](https://preview.redd.it/6djz40h191671.png?width=850&format=png&auto=webp&s=b33e6c27459e3be8b91fad98c3ca344471985dae) + +&#x200B; + +**Overview**: + +Citadel created a gigantic, steaming pile of dung in the middle of the lobby. Now everyone is dealing with it. The question is, how to most of the various parties get what we/they want with minimum collateral? + +&#x200B; + +**The Problem:** + +The market was going to crash. COVID and QE gave a nice, bundled calamity reasonable enough to blame for the crash. What everyone didn't count on was Citadel et al committing massive fraud; then getting caught with their pants around their ankle and exposing everyone to the blowback from it. Now we have hundreds of millions-to-billions of counterfeit shares that need to be rectified; pissed off retail investors watching the financial sector and combing through everything; and foreign entities concerned with the stability of the US markets and USD. + +&#x200B; + +**Key Players:** + +You need to understand who is involved and what their goals are in order to understand the decisions they will make and where the road will travel. + +1. **Citadel and other Short Hedge Funds (SHFs)** \- The guys that caused all this. They want to survive, but that's unlikely. +2. **Retail Investors** \- financially wronged by SHFs. Want Citadel to crumble; nice payout; see GME succeed. *Edit: Some also want complete financial reform; or destruction of all financial institutions; or all financial criminals to go to jail; but that's counter to the desires and goals of the other parties and is a post-MOASS continued discourse.* +3. **Financial Media** \- was funded by Citadel et al. Wants to survive; keep control of market. +4. **Financial Cartel** \- vexed by SHF actions with GME and T-Bills. Want to survive oncoming liquidity crisis; keep relevance in market. +5. **US Government** \- trying to maintain financial stability. Need to balance domestic programs with foreign influence. Trying to counter Chinese Belt and Road. +6. **Foreign Entities** \- concerned with US financial stability/corruption. Risk of moving from US investments to Chinese investments. +7. **Bystander Investors** \- generally unaware of events. Need confidence in financial stability. + +&#x200B; + +**Common Themes:** + +1. Survival +2. Market Stability +3. Foreign financial investments + +&#x200B; + +**Potential Outcomes:** + +There are a couple potential outcomes. + +&#x200B; + +The DTCC or US Government could step in and halt or otherwise price-fix trading on GME. This would obliterate foreign confidence in the system and undermine the US' financial leverage on influencing foreign policy. In other words: *Bad for the US Government and bad for the financial cartel.* + +&#x200B; + +The financial cartel could let Citadel's implosion and the GME fallout run unabated. This is almost certain to expose the corruption of all of the financial cartel, *which would have the same effect as the previous measure.* + +&#x200B; + +However, I believe that the financial cartel and US Government have already embarked on an effort to control the narrative to minimize the fallout of the Citadel implosion without undermining the confidence of the financial market and US foreign influence (whether intentional or otherwise). It works like this: + +&#x200B; + +1. Hint at market fuckery. ✅ +2. Control the narrative. ✅ +3. Pepper "Citadel" and "retail"/"reddit" into the narrative. ✅ +4. Lead narrative to "lone wolf" aggressor theory (Citadel). +5. Avoid mentioning GME; redirect to less explosive stocks. ✅ +6. Keep focus on Citadel during implosion; not on financial cartel. +7. Once implosion starts, then associate GME. +8. Associate market crash with Citadel "lone wolf" cancerous behavior. +9. After Citadel is insolvent, carve up and feast by financial cartel. +10. Close out the shorts to make the muckrakers go away. +11. Tout about how retail investors defeated the "lone wolf". +12. Show all of the previously passed self-imposed policies. +13. US Government takes cut (25%-39.6%) of Sched D profit to infrastructure programs. +14. US/financial cartel avoids loss of faith in economy by world. +15. Retail investors spending accelerates economic rebound. + +&#x200B; + +**1. Hint at Market Fuckery:** ✅ + +We see this now. CNBC, NYSE, SEC identifying PFOF and dark pools as problem areas. This braces the various parties to expect it to grow to be a larger story. You don't just go "here's a ton of evidence of market fraud!" you need to drip-feed it to people to prevent rejection of the system. + +**2. Control the Narrative:** ✅ + +The financial media absolutely wants the story to release as little as possible to keep viewers hooked. The financial cartel and US government want the blows to be soft enough to not shake confidence too much; as well as to mask all areas impacted by the necrosis. + +**3. Pepper Associative Words into Narrative:** ✅ + +Start adding Citadel and Retail Investors/Reddit into the mix. We're seeing this as well. You want people to get familiar with the names and associate them with the upcoming events. Building that groundwork to make easier connections with less digging and potential to expose the truth. + +**4. Lead narrative to "lone wolf" portrayal:** + +This is where I think they are going. Citadel absolutely will be the sacrificial lamb. It's the easiest play to satisfy most retail investors, regulators, and the public at large. Plus it serves to mask the necrosis and instill confidence in the US financial sector and US stock market. + +**5. Avoid mentioning GME:** ✅ + +You will see this through the previous points; and indeed we are. GME is the problem that Citadel created; it will be its own liquidity hole. No need for more financial bystanders to decide that they want to also make a quick buck off of the situation. Mention other stocks instead; preferably ones that will still provide some payout but will not break the bank. The insurance policy is going to be unpleasant as it is. + +**6. During implosion, keep focus on Citadel:** + +This is the narrative: Citadel is imploding. Any market waves is "because of Citadel". This is the easy part; everyone's going to be watching with popcorn and bananas. + +**7. Once the implosion starts, then GME is okay to discuss:** + +The problem is the shorts. Once Citadel implodes, the shorting stops and the stock impossible to buy. At that point, it's okay to talk about GME because the FOMO crowd is too late. This will be the groundwork for number 11. + +**8. Associate market crash with Citadel:** + +The market is going to crash. There's no doubt about it. It will likely cause Citadel to finally take its last breath and then trigger the GME MOASS. But people don't really pay attention; it will be easy to blame the crash on Citadel and their "lone wolf" behavior. + +**9. Carve up Citadel:** + +This is the part that the financial cartel is salivating over. Also raises the capital to resolve the counterfeit shares. The other financial behemoths will carve up pieces of Citadel's empire for themselves and auction it off. One of the new rules (can't remember if DTCC or NSCC) allows inviting of certain parties, which means Blackrock also has a seat at the table to feast. + +**10. Close out the shorts:** + +A convenient fall-guy (Citadel) has fallen. Now the financial cartel will pay off the folks that keep muckracking out of spite - in other words, they buy back the shares. Anything else, to include trying to price-fix will result in loss of confidence in the US market by the entire world. But hey, that money will come back to them in bailouts, so they are just miffed more than anything. They will probably sandbag this a little to try and get retail to deflate their sell prices a bit to try and deflate the infinity squeeze. This point is an assumption that, even with people holding out of spite, that enough will sell to balance out the books. + +**11. Tout about David and Goliath:** + +Expect a million stories on how GME redditors defeated the lone wolf Citadel and saved the US economy. Hooray! Yeah, we know this is mostly bullshit; but when the alternative is China ruling everything then everyone else is likely to go along with it. + +**12. "Don't regulate me, bro":** + +Remember all those rules the DTCC et al were churning out to prevent another GME-type retail win? Yeah, they're going to tote those rules at this point to avoid regulation and add credence to the lone wolf story. They'll probably be successful too. + +**13. Uncle Sam's Cut:** + +Apes will pay their cut. For all the US apes, it's likely to be somewhere between 25% and 39.6% to the US government (not even considering state taxes). This means that a lot of the financial sector's funds are now freed up to be used for the POTUS' infrastructure programs. + +**14. Financial Cartel Rebounds:** + +Redditors are going to be salty about this, but the truth is that the US will not let these "too big to fail" financial companies fail. In fact, they're going to consolidate power and continue on to the next market crash down the road. Everyone will forget their role in all this, save the half-a-million redditors. Better than the US economy collapsing for most Americans and China ruling the world. + +**15. Retail investors spending accelerates economic rebound:** + +Overall, ape spending will help stimulate the economy and rebound us out of the oncoming recession. However, it will also temporarily disrupt some luxury markets (especially Lamborghini). + +&#x200B; + +***Edit: What about the apes aiming for financial reform/actual accountability:*** + +*Unfortunately, I think that this will be a longer struggle for the folks seeking reform. I imagine that there will be some that won't sell out of principle; those that found financial reform orgs; and apes that continue to strive for better markets. At the end of the day the US government is going to do what it takes to maintain the appearance of financial stability. In this regard, expect a lot of pushback post-MOASS and a rebalance of the Superstonk makeup (those in it for the money/liberation of Gamestop will see somewhat of an exodus; the "financial reform" group will likely flock to this cause).* + +&#x200B; + +*Personally, I like the stock and I like Gamestop. Once this rocket takes off, I'm going to be the King Retard of Mars and enjoy my retirement while supporting my local Gamestop.* + +&#x200B; + +**Conclusion:** + +While the key parties have plenty of room to be absolute dumb asses and hang themselves with the situation at hand, I believe that they will pursue the path I've outlined as it's the least destructive to the financial market and US influence on world economics. With a little finesse, the financial cartel and US Government could turn the situation into an economic win in some capacity. +What I️ propose is that we use bounty0x to post jobs for real world adoption. + +I’d like to start this off with an offer of my own. $2500 usd equivalent in Raiblocks for anyone who can successfully integrate Raiblocks as form of payment on my big commerce web store. I’ll be posting on bounty0x soon once I figure it out. + +Hopefully someone else chooses to post a task and bounty as well. + +Remember folks... crypto currency is about as valuable as beanie babies if we don’t get real world adoption. +You know that scene in the Big Short where Michael Burry went through thousands of subprime mortgages in those MBSs? Well in the past 3 hours I'm Micheal Burry and all of you are subprime loans. I had to looked up timezones, I had to looked up options profit calculator, I had to looked up tickers after tickers after tickers... + +Anyway, here goes nothing: + +#BANS + +1) u/SUPERMETABOMB - "We finish red everyday this week or ban me." + +2) u/KawhiLeft - "Green Monday or ban." + +3) u/paperboythegod - "JNUG over 20 tomorrow or ban me." + +4) u/anonymperson - "red tomorrow. ban me if wrong" + +5) u/Jeskers617 - "2 breaker day or ban." + +6) u/Reparian - "SPY will be at least 260 at EOD. Take my word for it. Ban me if im wrong" + +7) u/VladdyGuerreroJr - "Today will finish red OR YOU CAN FUCKING BAN ME FOREVER" + +#DEBTS + +8) u/idieverynightfor8hrs needs to jerks off to bear porn + +9) u/Corte-Real will donates to a charity of the mod's choice + +10) u/verybigly will eat a bull penis + +11) u/legendarygap will shove an entire glass jar into his ass + +12) u/ItsBigLucas will eat an entire Digiorno Pepperoni Pizza on his own + +13) u/vaish1992 will fries his own testies + +14) u/drewthegoat3 will transition to female and put a thumbtack in his dick + +15) u/TheeIncubus will donate $1000 to WSB Charity (Can a mod verify this for me?) + +16) u/ironbassel will vid tape him giving himself a blowie. + +17) u/avaaa96 will suck his own dick and eat his own ass hair + +18) u/scopolamine will pays 100 euros to someone, I'll suggest a charity + +19) We all get to blow u/w_w_j_d_'s wife, horray + +20) u/freebobbyplease will change his license plates to "SPY puts" + +21) u/RetardedPizzaMan will get a WSB logo tattoo (new or old one though?) + +22) u/ThatGuy718 will get a vasectomy + +23) u/MrRichAsian will get a Smokey the bear tattoo + +24) u/Eman2105 will get a spy tattoo + +25) u/StreicherADS will eat a bug + +#PRIVATE-DEBTS + +26) u/philmacrack123 will send a dick pic to u/CandidBig + +27) If NYC announces lockdown within 6 weeks after NYC has over 500 cases, u/SandKey gets banned, else u/ryannayr140 gets banned. + +#ON-GOING + +No ping in this part this time since no one actually owns anything yet + +28) U/tallenuk will eat his own shit if AMD drops below 20 by 3/27. + +29) U/JoshSifuentes will stick a pool ball up his ass if SPY hits 69 by 4/17. + +30) U/Itsybitsyclitty will fuck himself with a dildo if SPY $65p hits 0.10 before 4/17 + +31) U/spaghettislapper will eat a bull penis if GE does not hits $0 in a year + +32) U/GreatQuestion will buy 500 shares of GE if government gave out $2000+ per adult + +33) U/AdjustedMold97 will donnate $10,000 to his local foodbank if his account reaches $20,000 + +34) U/psytokine_storm bets that COVID-19 will hits 1 mil cases outside of China before 4/6 + +35) U/Sightline bets trading will halt before November + +36) U/brekinb will tattoo 🌈 on the inside of his asshole if SPY hits 115 before June + +37) U/_elroy bets that there will be 100,000 COVID-19 cases in US before 4/17 + +38) U/InerasableStain will shove a cucumber up his ass if WMT hits 90 bby 3/27 + +39) U/humm1010 will eats his pubes if SPY hits 320 by 4/17 + +40) U/hihowubduin will get a WSB tattoo if Trump get retested and get the coronavirus + +41) U/tough_statue live stream a video of him stapling his nuts to the wall if SPY hits 205 by 4/1 + +#SHOUTOUTS + +People who got away, these people get a shoutout, but just for simplicity sake I'm not gonna list what they betted, just what they wagered. + +U/brk1sb - His life + +U/duhpolan - His friend eating his pubes + +U/legendarygap - Wipe semen off his cat and lick it off + +U/ya_boi_t-word - Wallstreet bets themed tattooed on his ass + +U/SoundShadowZ - Donates 15% of his gains to WSB Charity + +U/PAPA_JOHNS_ZIMBABWE - lick a toilet seat + +U/HowGreatAreYourDanes - gay bear emoji tattoo + +U/ElTurbo - eating dog poos + +U/jdrhoe - BAN + +U/colxwhale123 - BAN + +U/AlertRanger11 - Snort a line of his grandmas ashes + +U/pinks0cking - Mickey mouse tattoo on his ass + +U/shadylex - Bear tattoo + +U/krt941 - eat his dog's shit + +U/MLGameOver - fist himself on stream + +U/vaultboy1121 - Shit on Robinhood's HQ (At least I think he got away, I don't use RH so I only tried verified through the megathread, If anyone know if RH did shit the bed on Monday please let me know in the comments) + +U/Alabama_Meth_Gator - eat a pound of crickets + +U/lordkemo - eat a live cockroach and puke it out again + +U/Horksurf - blow a load into his ceiling fan + +U/199mx5 - Go into a field and lick a bull's asscheek + +U/Myballzwashott - $100 + +U/CumFlakessOrange - drink his own cum + +U/SESHHHHHHHHHHHHHHHHH - Smoke his own pubes + +U/drewthegoat3 - light a bottle rocket in his ass + +U/ThatOneDrunkUncle - tell his stalker ex his new numbers + +U/fsf__ - Stick a sharpie up his ass + +U/squatracktexter - Tattoo a bull on his ass + +U/HowLongIsWinkersDong - vasectomy + +U/colxwhale123 - "r/wsb" tattoo on his ass + +Hopefully I didn't miss anyone + +Some disclaimers: + +If you bet money it's in a bit of *ehhh* territory, of course it's great when you lose you get to donate to a charity or something, but if you win no one is going to pay you. + +If most of the terms are vague as hell or unverifiable it's just going straight to the bin. + +If your bet is gross stuff get the mods to verify, please don't send me videos of you blowing yourself to me. + +Also I'm fine, I seen some people asking where I've been, had to walk away for a while because of work stuff related to the virus. +Hi fellow finance conscious redditors, + +Recently there was a post on the front page of reddit about how $45,000 a year was difficult to live on in certain areas of the country. Primarily in large expensive cities. While the premise is not inaccurate (depending on some context and individual variance) I noticed the comments proclaiming that $45,000 a year in general was not much money. + +But I want to dismiss this narrative. I think it is false and I want to put it into some quick numbers to demonstrate this. Keep in mind the following examples are from my own perspective, and may miss some elements. If you feel that something important or obvious was not mentioned, please let me know. + +First off, we're assuming an annual before-tax income of $45,000. In the USA, on average, this would translate to roughly $36,000 in after-tax income. + +* Rent: $1,000 (Using data from http://www.myapartmentmap.com/rental_data/ for an average one bedroom apartment) +* Food: $300 +* Utilities: $250 (electricity and internet) +* Car: $250 (bought used - only paying gas, maintenance and insurance) +* Health Premiums: $235 +* Clothes: $50 +* Cell Phone: $50 +* Miscellaneous: $40 (toiletries, spur of the moment expenses). + +Total: $2,175 per month to live quite well in the averaged out prices of the USA. + +Per Year: $26,100 + +This means at the income of $36,000 a year, your total annual savings will be essentially $10,000. + +Now, this assumes a few crucial things. The first, you don't have student loan debt. If you do, that savings rate could easily drop by $2,500 a year. Still, that would leave you with $7,500 saved per year. Not terrible. + +The second, this assumes absolutely no drugs. No cigarettes. No alcohol. These are very significant expenses. In fact, combined, they can dwarf student loan payments. + +Third, this assumes you aren't eating out every other day. At $300 a month for food, you can eat out once, maybe twice per month. + +Fourth, you aren't going to be the best dressed person in the room. $50 a month isn't much for clothing, but it is more than livable. + +And fifth, you have to drive a used car. It doesn't have to be very old, just used. If you buy new, the monthly car price category could easily double. + +Now you can increase your savings rate by making further cuts. For me personally, I can get by on $250 a month on food. I also don't drive. I walk / bike / take the bus. That's $300 less already. + +I also don't run the heat / AC much and take short showers. Electricity could easily be $50 cheaper for me. + +Just taking those numbers, that would save me an extra $4,200 a year. + +That would be $14,200 saved per year. + +This amounts to $165,727 saved after ten years, at a modest 3% interest. + +If you start doing this at 20, or 25, you could have nearly $200,000 by the time you're 35. +By the time you're 45, you'll have $389,352. +55, $691,101 +65, retirement age, $1,100,000. + Social security. + +At $5,000 less than the median income in the USA, you can be $100,000 over a millionaire by the time you retire, at an extremely modest 3% interest rate. Bump that to 5% and you're at $1.8 million. + +To be fair, this does assume your income increases with inflation, but that isn't too hard. It also assumes that you don't have kids (again this is largely speaking from my perspective so it won't fit everyone perfectly). + +With kids, that could drop significantly, though even then, you're still looking at a very healthy retirement. + +Also, the above calculations were factoring in my increased rate of saving of $14,200 per year. At $10,000, by 65 (starting to save at 25) you'd have $773,336 saved at 3% interest. At 5%, you'd have $1.27 million. + +All I wanted to do here was show that it is possible to live very well and still save for retirement, even at less than the median income in the USA. It just requires a bit of planning and willpower. + + + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +McDonalds, Starbucks, Pizza Hut, large-chain super markets, etc. started accepting Bitcoin payments already, flawlessly, with instantly settled and free (or almost free) transactions using Lightning Network. + +How long before they expand to all branches worldwide and all other stores jump in to avoid the large fees, commissions and charge-backs from credit card companies? +I was searching old posts on this sub and I found a thread where people were debating whether they should sell or hold Bitcoin in 2010, its price at that moment was at 23$. + +[https://www.reddit.com/r/Bitcoin/comments/hwldl/ok\_bitcoin\_users\_time\_for\_your\_first\_test\_will/](https://www.reddit.com/r/Bitcoin/comments/hwldl/ok_bitcoin_users_time_for_your_first_test_will/) + +Check it out! I'm sure you'll enjoy reading the comments. +hi everyone I don't share a lot in here but this caught my attention, a new token that has a strong project and an experienced devs that are also working in another successful projects, the marketplace will be launching within 1-3 weeks and the coin has the potential to grow meanwhile. not yet listed on coingeko and MC but already in talks cg coming very soon and partnerships also coming soon. +Project started only 5 days ago, liquidity burnt. + +the first NFT project using Pancakeswap exchange on BSC which means very low fees 0.09 cents and the only competitor is NOT using Pancakeswap exchange. + +the coin has already been audited and has a marketcap of $514K at this moment. + +Direct competitor has a marketcap of $30M, Lots of room for growth. + +DISCLAIMER: this post is not a financial advice. Do your own research. + +Website: https://rowket.org " .ORG WHAT!!" + +How to buy: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x5ddAe05d2f854926E8070b435d2dfe5edCa246D9 + +Chart: https://goswappcharts.web.app/?isbsc=true&tokenId=0x5ddae05d2f854926e8070b435d2dfe5edca246d9 + +Liq. Burnt: https://bscscan.com/tx/0xf98399181409f0871ccb0449e8f0844ec09b5a09d7ddb8ab3110ae8bf3f1a86d + +Subreddit: +https://www.reddit.com/r/RowketMarket?utm_medium=android_app&utm_source=share +Links in the comments. +TL in comments, Devs very responsive all day long. +I don’t know who else to tell. I’ve been on the employee sub and they seems to be a kind of negative sentiment from what I’ve read. + +I LOVE GameStop. + +I’m in a shitty job that I’m not making any money at at the moment. Still have not sold a single share. DRS’d too! + +The new updates to store positions really struck me. I’m 100% invested in the company. I like video games I like teamwork and god damnit I like the stock. + + +It takes money to buy whiskey. + + +Thank you, 🦍 +Sorry to spam this sub with another post from a rank beginner, but I'm looking to get into algorithmic trading and I'm a bit lost about where to start. I'm under no illusions that I'm going to make any money, I just want to do this as a fun hobby as I find financial markets interesting- I won't be putting any real money in, at least not for the foreseeable future. I'm a decent programmer (python) and have a background in statistics and machine learning, but don't really have any knowledge of finance/trading, so with that in mind I'm looking for a few recommendations: + +1. A good book: i'm new to all this so I'd really appreciate a book that goes into the fundamentals in depth. I've been recommended the series by Ernest Chan, but they're big, expensive and a series of 3, I'd rather have just one to start off with. Preferably one that goes over the requisite financial knowledge and trading strategies more than the statistics etc which I'm already competent in. + +2. An asset class: for the sake of simplicity, as a beginner I'd like to focus on just one asset class, what would people recommend? + +3. Data source: where can I get comprehensive historic market data? What about up-to-date data via an API? + +4. Trading platform: is there a trading platform that people would recommend? Preferably one that supports mock (i.e. fake) transactions, and interaction via an API? + +Thanks in advance! +So, I have been reading about how very low and very high interest rates come with their own set of challenges. Also, India has been attracting a lot of foreign inflows lately, is this a direct result of higher interest rates in India as compared to other advanced economies? What are the benefits to Indian businesses with higher interest rates in India, as compared to other advanced economies? +We see questions on car ownership quite frequently in this sub. It’s a pet topic of mine so I have done some semi-rigorous analysis on this. + +Most of these questions can be boiled down to this – ‘how old the car should be when you buy it?’ + +It’s quite well known that cars depreciate more during the first few years. But the older cars fail more often. Heuristically one could say that a not so old should be the best option. But we need to quantify this. + +So I wrote a python program which scraped the asking price, age and mileage of thousands of ads on Autotrader. + +Based on this I could get an ‘Age vs %cost’. Note that it is an aggregate and individual cars may have slightly different values based on their desirability. + +The next data set I needed was the cost of repair as cars grow old. I used the MOT failure rate as a substitute for this. ( https://data.gov.uk/dataset/e3939ef8-30c7-4ca8-9c7c-ad9475cc9b2f/anonymised-mot-tests-and-results) + +Based on this I could get an ‘Age vs % MOT pass rate’ curve. + +Now I define a new parameter called ‘value’ which is basically (MOT pass rate – Cost). Higher is better. + +I superimpose all these three curves on the same plot here: https://imgur.com/a/LhuhlcE + +To derive the best ‘value’, one should be near the peak of the green curve. + +If you want to own the car for 3 years, buy a 4 year old car. If you want a car for 8 years, buy a 2 year old car, etc. + +I’ve plotted the ‘best age’ for every intended years of ownership in the second plot. + +Another thing to add to this is people often quote that cars suffer huge depreciation in the first year. It’s true if you look at the sticker price. But in reality nobody pays that sticker price. Infact it’s often cheaper to buy a new car than a 2 year old car due to the finance discounts. + +Lastly, in UK, number plates change every March and September. As a result you get good discounts in February and August. The effect after 10 years will be minimal when you want sell it. ( For example, what’s the difference between a 08 and 58 reg Ford Focus? ). + +TLDR: + +If you want to own a car for 1 year, buy a 5 year old car. +If you want to own a car for 3 years, buy a 4 year old car. +If you want to own a car for 8 years, but a 2 year old car. +If you want to own a car for more than 8 years, wait for the right month (August, February) and buy a brand new car. + +Edit: code added in the comments. +I heard that you don't need to work for a prop firm to be successful forex, so that if you trade with retail you should be fine. So how come i have heard no successful(millions of dollars) retail trader stories so far? I've read that it's because retail forex is still relatively young, but I mean come on, at least somebody has to have had made it big by now +I'm not new to forex. +I've had two demo accounts for 3 years now, and I've learned a lot. +My first account started with 100 dollars, and after some bad trades, it hitted 0. +My second and current account had a great run, starting from 100 (I train on 100 dollars becausethis is the amountof money I expect to be able to put into a forex account), I reached to 300 ~350. +But I always end up taking one or two reckless trades that push me down to the starting point or even below till 25 dollars(yes I took a trade in USD/GBP that made me lose 250 dollars at once), and I always somehow manage to climb up. +I'm a University student, I picked up forex hoping that I'd be able to make some extra cash out of it. (not pock it up as a full time job) +I usually study the 4 hours/day charts, and take trades that I keep open for 2 to 3 days. +I use stop loss most of the time but sometimes I when I do my trade hit it then rebounds to the direction I predicted, causing me to open new trades with no stop loss and hence sometimes losing a lot. +I also sometimes get stricken down by news which cause crazy Market movements, and no matter what I try I just can't spot important news or predict their effect on market. +I tried reading books and websites, implementing different strategies but I don't always seem to get it just right. +I'm currently trying to use adx and moving Average to predict smaller market movements. +I want to open a real account but I still don't have enough confidence to do it. +So the point of all this rambling is to showcase the way I trade so that I can ask for advice. +So that someone can tell me what I'm doing right and what I'm doing wrong, and what I should start doing. +Thanks in advance! +Hi, I've been saving up money ever since I started working at a nearby cinema 3 months ago. I've managed to save about $3000 and I'm willing to invest them in the forex market. I've been trading a demo account for over 3 months, so I have enough experience at least to get me started. My question is, are $3000 enough or do I have to save more? With $3000, I'm thinking, I'll be using technical analysis with a good 2% risk per trade. The risk to reward ratio is 1:1 most of the time, but of course, I always try to let my profits run. 1:1 could become 1:5 on a single trade with the use of a trailing stop. So overall, is this a good start? +Thanks... +Yesterday evening on my way home from work I hit a ladder on the freeway. Today I replaced two tires and was back on the road hassle free. + +I am very early in my FI journey; however, the fundamental principles behind saving, investing, and budgeting have allowed me to put myself in a position where an unexpected $400+ expense is not stressful. + +I don't have to worry, take out lines of credit, or stress over unexpected expenses. Although I am nowhere near complete financial independence, the building blocks and foundational strategies allow me to live stress free in my day to day life. + +I'm curious what moments you all have experienced that made you thankful for your FI journey, no matter how far along you were at the time. +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for help with user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +I have seen so many people talking about O as their major investment. I thought I would compare that to 2 dividend investments that I hold, ABBV and SCHD, backtesting 3 different portfolios with 100% O, ABBV and SCHD respectively in each portfolio. + +Link to backtest - [Portfolio Visualizer](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2022&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&reinvestDividends=true&showYield=true&showFactors=false&factorModel=3&benchmark=VFINX&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=O&allocation1_1=100&symbol2=ABBV&allocation2_2=100&symbol3=SCHD&allocation3_3=100) + +May be I am missing something here, but in none of the metrics O come out on top, with dividend reinvested ABBV and SCHD beat O hands down in final value. If you are looking for income, ABBV beats O hands down. so my question to people who invest in O, apart from monthly dividend, is there any other redeeming quality to O? + +Thank you for your input and looking for a healthy discussion! +Hey everyone, I’m hoping y’all staying safe. +I recently got into investing stocks a week after the recent drop happened. So far this is my progress: + +MSFT(3), +VZ(2), +T(2), +O(2), +KO(3), +GD(2), +JNJ(1), +ABBV(1), +V(1), + + +I’m currently looking to invest on the following: AAPL, MCD, MMM, CAT, CVX, ATVI, NKE, SBUX, DKNG. + +My plan is to hold long term, collect dividends while diversifying among sectors. Any feedback or recommendations is appreciated. + +**I'll be updating my shares & watchlist whenever I get new stocks.** +To start I do own a few shares of this etf and in no way pumping it. Just sharing why I invested and giving people inspiration to invest. I bought a cannabis etf THCX just hit it’s all time high yesterday at 26$. I bought at 12. The top holdings + +APHA 10% +TLRY 10% +CGC 6% + +Not only does it have some great winners it’s so diversified that it’s performed pretty well. Best of all it pays a dividend. +**EDIT 1:** The title of this post should, in fact, start as follows: **”Both CBOE and NASDAQ filings state…”** (see EDIT 2 below) + +Thanks to the link shared by u/Dismal-Jellyfish, there is an interesting bit of info/data shared by the CBOE (Chicago Board Options Exchange) that I picked up on. They have made a filing to the SEC regarding a reduction in the ORF - Options Regulation Fee. This is a fee to *“to assist in offsetting exchange costs relating to the supervision and regulation of the options market (e.g., routine surveillance, investigations, and policy, rule-making, interpretive and enforcement activities).”* + +The filing can be found here: +C2 (Release No. 34-92596; File No. SR-C2-2021-012; August 6, 2021) https://www.sec.gov/rules/sro/cboe/2021/34-92597.pdf + +Pages 3 and 4 explain why the CBOE has made this filing, which in fact decreases the ORF cost for each options contract: + +*Based on the Exchange’s most recent semi-annual review, the Exchange is proposing to reduce the amount of ORF that will be collected by the Exchange from $0.0004 per contract side to $0.0003 per contract side. The proposed decrease is based on the Exchange’s estimated projections for its regulatory costs, which have decreased, balanced with recent options volumes, which has increased. For example, total options contract volume in March 2021 was approximately 34% higher than the total options contract volume in March 2020 and the total options contract volume in June 2021 was approximately 25% higher than the total options contract volume in June 2020.* **In fact, March 2021 was the highest, and June 2021 was the second highest, options volume month in the history of U.S. equity options industry.** + +Note that the CBOE are bound by SEC regulations to adjust the ORF, in line with options volumes. So even if they did not necessarily want to make this change, they have no option but to adjust the fees and provide a justification. In doing so, they have somewhat revealed the hand of what is happening overall i.e. historically high volumes of options being traded in these last few months. + +Why is this significant? Because it has been conjectured by many Apes that much of the fuckery we have been seeing for hiding FTD obligations is through options trading. This filing seems to indicate there has been a huge increase in volumes *from precisely the timing that line up with this mechanism being used.* + +Of course that could be coincidental, but I think we have learned enough this year that there are not many coincidences in this whole saga… And as u/Wallstreet_Owes_Me pointed out in this post - which really should have had more attention - the CBOE appears to be one of Shitadel’s main partners for manipulating the share price through dark pools as well: + +https://www.reddit.com/r/Superstonk/comments/ox93kt/citadels_connection_with_cboe_global_markets_and/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +**TL;DR**: The CBOE (Chicago Board Options Exchange) has made a filing with the SEC announcing a reduction in mandatory fees for options contracts. This is not out of the goodness of their hearts, but because they are forced to do so in order to abide with SEC regulatory costing requirements for exchange providers. The reason is that options volumes in the last 3-4 months are at historical all-time highs, and they have documented this fact within the filing. It has been conjectured that options fuckery is the central method by which Shitadel and others are circumventing their FTD requirements for shorted shares. This huge increase in options volumes, in a timeline that fits with that conjecture, seems to be very much pointing to the hypothesis being accurate. + +**EDIT 2:** In fact, it appears Nasdaq has made a similar change to their options fees as well! They have described the reason for the change in fees on the Nasdaq Options Market (NOM) being due to options volumes being *“at abnormally and unexpectedly high levels”* and it’s scale as an *“historical anomaly”*: +https://www.sec.gov/rules/sro/nasdaq/2021/34-92600.pdf + +**EDIT 3:** From some of the questions and comments, I can see some of you Apes have not fully grasped the implications of what these statements from the options exchanges are pretty much comfirming. The DD is not about the costs of buying options premiums being affected for retail buyers (note: a foolish trading strategy anyway for GME...) but really showing that some of the theories about options being used to hide short positions are a distinct possibility e.g.: + +u/Criand posting here about Buy-Writes: https://www.reddit.com/r/Superstonk/comments/oc4f79/well_there_it_is_more_mathevidence_pointing_to/?utm_medium=android_app&utm_source=share + +And the same writer here about OTM PUTs: https://www.reddit.com/r/Superstonk/comments/on9dtz/otm_puts_are_the_passed_puck_of_short_positions/?utm_medium=android_app&utm_source=share + +The huge increases in options volumes are all but confirming these hypotheses are correct IMO. +# Not all brokers are created equal. + +I've seen many posts about different brokers (Degiro, eToro, Saxo, etc.) showing the sale of pre-split shares and the purchase of the equivalent value of four post-split shares for each pre-split share sold. Many posters are concerned that this is an indicator of fraud or something they should worry about. To me, this is a telltale sign that the broker is a CFD broker, **meaning you do not actually own shares in GME through that broker.** As a side note, you probably agreed to this. + +https://preview.redd.it/ev5javrrz4d91.png?width=480&format=png&auto=webp&s=ec457e494096b31cc2075d13c7a1641843f248c4 + +Some will argue that any shares you hold with a broker are not yours until DRS'd - that's a more nuanced discussion that I can have elsewhere. + +The fact is that with these CFD brokers, ***you DO NOT OWN SHARES, you own a contractual right to the VALUE of those shares.*** + +>"CFDs allow traders and investors an opportunity to profit from price movement ***without owning the underlying assets***." [https://www.investopedia.com/articles/stocks/09/trade-a-cfd.asp](https://www.investopedia.com/articles/stocks/09/trade-a-cfd.asp) + +Why is this important? Because you do not have a property right to shares (and you do not have shareholder rights vis-a-vis you and GME), you have a contractual right for the value of shares. + +It's important to realize that a contract only has value if you are able to enforce it. + +If the counterparty to the contract (i.e. the CFD broker) does not perform, then your recourse is to try to enforce your rights under the contract. What if they go bankrupt? You will join all other unsecured creditors as a last priority for payment of any assets that they have. If they have secured creditors (like large financial institutions that gave them secured loans), then those creditors will need to be paid out in full before you would see a dime. + +&#x200B; + +**I don't believe you! That's illegal!** + +No, it's not. Read the terms and conditions of your trading agreement with your broker. You already agreed to this. + +Here's a sample from the eToro terms and conditions (emphasis mine): + +>**In connection with a stock split, they will make adjustments in their sole discretion** +> +>Schedule A - 11.2 - If a Corporate Event *\[such as a stock split\] i*mpacts the underlying product of a CFD *\[a GME stock long position\]* in your eToro account, we will use reasonable endeavours to adjust the open positions on that CFD, in a fair way and in accordance with market practice, and/or taking into account the treatment we may receive from our counterparties or any relevant third party and the deduction of any taxes applicable. ***The adjustments we carry out will depend on the circumstances of each event, and is according to our sole discretion, however we are not obliged to do this***. Adjustments may include changing the price or the quantity of CFDs that you have in your account to reflect the ***economic rights*** that you had prior to the Corporate Event occurring. +> +>Schedule B - 10.2 - If a Corporate Event impacts a security in your eToro account *\[a GME share\]*, we will use reasonable endeavours to ***adjust the securities in your account in a way that is fair and which aligns with market practice, depending on the circumstances of each event and according to our sole discretion, although we are not obliged to do this***. Adjustments may include changing the price or quantity of securities in your account, to reflect the ***economic equivalent of such rights***. +> +>**If they go bankrupt, you may only be entitled to the amount you paid for securities and even that amount will be subject to normal insolvency procedures as a bankruptcy claim** +> +>Schedule B - 8.3 - In the event of our insolvency, you may not have title to the securities that you have bought on the eToro platform, where settlement has not yet occurred. This is the case even if the securities which you have bought are shown as available in your eToro account. In these circumstances, ***you will be entitled to the amount that you paid for the securities*** *\[not comforting if the price increases 10x or more\]*, which will form part of your client money. Please refer to clause 15 of the General Terms and Conditions for more information on client money. +> +>[https://www.etoro.com/wp-content/uploads/2022/01/eToro-EU-Terms-and-Conditions-12-January-2022-Clean.pdf](https://www.etoro.com/wp-content/uploads/2022/01/eToro-EU-Terms-and-Conditions-12-January-2022-Clean.pdf) + +For example, with eToro, whether it is stated as a CFD or simply an investment in securities, their terms of service give them the right to make adjustments in their sole discretion in connection with corporate events like a stock split. + +**So what can I do?** + +Now you have a choice: **you can choose to stick with the broker** (recognizing that this is not super shady, but rather them just acting in accordance with the terms of your agreement with them), or **you can choose to DRS your shares** (probably not through that broker, because remember, you don't actually own shares with them) and hold the shares in your name. + +https://preview.redd.it/17rj5xs215d91.png?width=1200&format=png&auto=webp&s=f480479b42dd6aeb829610536114ba2cb9452129 + +If I had shares with a CFD broker and hadn't recognized this risk, then **I would actually be thankful that this happened!** In that case, this would be a wake up call for me in a relatively tame market price environment. + +As for me, I buy, I hold, I DRS. +I’m in my early 30’s and I could sell my only other property besides my current residence and make $170k after tax. I could pull out that equity and put it in Bitcoin. + +Alternatively, I could keep it and it would cash flow at ~$450/mo. Also, I make ~$160k/yr. + +What would you all do? + +EDIT: I forgot to mention that I won’t be able to HELOC because I just quit my job to go FT business owner. 😑 + +Thank you all for your thoughts! I won’t feasibly be able to reply to each of you, but I appreciate your time and replies. 🙏 +Purpose fund traded $80 million worth of shares in first hour Volume is well above typical first day for ETF in the U.S. + +The Purpose Bitcoin ETF (ticker BTCC), which debuted in Toronto on Thursday, invests directly in “physical/digital Bitcoin,” issuer Purpose Investments Inc. said in a statement. Its the first product ever for Bitcoin that’s officially labeled an exchange-traded fund, although Europe has several “physically backed” Bitcoin products that function like an ETF. + +While it’s unclear how much of the activity in BTCC will result in inflows for the fund, the trading volumes are well above an ETF’s typical first day, even in the much bigger U.S. market. + +Although too early to tell, ETF proponents argue that such a fund will trade without the massive premiums plaguing many current Bitcoin trusts in the U.S. + +The U.S. currently has several active filings for Bitcoin ETFs including ones from VanEck Associates Corp. and Bitwise Asset Management, but the price swings notorious in cryptocurrenies and allegations of industry manipulation remain hurdles to regulator approval. +Wanted to know how big the derivatives market is, so in 100% smooth brain fashion I Google searched “where information on derivatives markets”. What I wasn’t expecting was to discover a whole ass government website that is barely mentioned on Reddit at all! (as of writing) + +My fellow apes, I would like to introduce you to the Office of the Comptroller of the Currency! + +&#x200B; + +https://preview.redd.it/20w1uh1p4ob81.png?width=541&format=png&auto=webp&s=d1988ebdc4022cac196541c1ed47ccecda1e8dae + +I literally learned that this government agency an hour ago exists so here is a screenshot of the ‘Who we are” page and corresponding link. + +&#x200B; + +https://preview.redd.it/70mcsyhs4ob81.png?width=1217&format=png&auto=webp&s=07d34bf86036aaf203840159640c2c1ddae66446 + + + +[https://www.occ.treas.gov/about/who-we-are/index-who-we-are.html](https://www.occ.treas.gov/about/who-we-are/index-who-we-are.html) + +The site itself may be an unexpected treasure trove of DD waiting to be discovered, but today I want to focus on this particular section… + +&#x200B; + +https://preview.redd.it/8z22isav4ob81.png?width=1226&format=png&auto=webp&s=e5cba079c8a6e8cc546cb83d8fb734f3da1c381f + + + +[https://www.occ.treas.gov/topics/supervision-and-examination/capital-markets/financial-markets/derivatives/index-derivatives.html](https://www.occ.treas.gov/topics/supervision-and-examination/capital-markets/financial-markets/derivatives/index-derivatives.html) + +As you can see; under ‘Popular Links’ to the right side of the page, we have a link labeled ‘Quarterly Report on Bank Trading and Derivatives Activities’. My fellow apes, this was so much better than what I was expecting. Records going all the way back to q4 1995, summaries of derivative the banks had during each quarter (which you cant get on an 10-Q), and absurd asset to derivative to asset ratios that would make OG degenerates blush. + +I don’t know a damn thing about what healthy ratios look like, but I’m pretty sure that Goldman Sachs’ $124: $1 of derivatives to assets isn’t anything close to it. + +&#x200B; + +https://preview.redd.it/aw8g25u95ob81.png?width=1055&format=png&auto=webp&s=f936119fee178a51ca8a4a0bf7d5803bf4570535 + + + +[https://www.occ.treas.gov/publications-and-resources/publications/quarterly-report-on-bank-trading-and-derivatives-activities/files/pub-derivatives-quarterly-qtr3-2021.pdf](https://www.occ.treas.gov/publications-and-resources/publications/quarterly-report-on-bank-trading-and-derivatives-activities/files/pub-derivatives-quarterly-qtr3-2021.pdf) + +It has been months since any substantial DD has been published, and I had believed that there was nothing left to discover. It is my hope that what I have put here is the beginning of a new era of incredible DD into the degeneracy of the big banks. Wrinkle brained apes I pass this off to you to explore!😎 + +See you all on the moon (Not financial advice) + +(Post publish edit: This is the definition of Comptroller from Investopedia - + +"A comptroller, in the United States, is a high-level executive that oversees the accounting tasks and financial reporting procedures of organizations. The comptroller oversees all accounting including accounts receivable, payroll, and loan transactions. The comptroller also supervises the chart of accounts and the general ledger, which form the basis for the financial statements." ) +How many investors are starting LLCs to use as a liability shelter in case someone sues? I’ve read that it’s recommended but the handful of people I know that have multiple properties did not form an LLC to buy theirs. At the end of the day which approach has more pros and cons in practice? +This is their new domain, they are even doing a new ICO. + +https://bitconnectx.co + +Exactly the same thing. The only difference is the color. Let's spead the world and kill them for good this time. You might think bitconnect is known as ponzi to everyone, but there will be new comers in the future who don't aware of all past event and become the next victim when it's been forgotten by the public. +There a lot of benefits to spending a few years doing labor. The first of which is you will make more than minimum wage, and if you stay and show up on time and are willing to learn, your wage will go up very quickly. + +YOU ARE NOT LOCKED IN TO THIS FOR REST OF YOUR LIFE. + +The money feels really good, and it's common to feel stuck like you aren't gaining experience to move away from blue collar work but that isn't true. You will learn problem solving in a real world scenario where your decisions *really* matter as far as how smoothly the job goes. You'll come out of it with handy knowledge of how things work in a building and you'll save a lot of money in the future knowing how to do things yourself. You'll learn how to use tools properly to be able to create things you want for yourself (think r/DIY). You'll make way better money than any other entry level job that doesn't require experience. You'll keep yourself in shape. + +I've been a masonry laborer for 5 years, I'm starting apprenticeship this summer. I already make 20/hr just because I'm experienced laborer who doesn't need to be coached every day and can keep things moving. I can agree with most of you that I don't want to do this my whole life, but it pays for me to be comfortable in my rented house and have a car that I like to drive while I figure my shit out. + +TL:DR labor sucks, but if you're young you can do it, do it over working for $8/hr at Starbucks. +Hi fellow apes 🦍 + +There have been several DDs that talked about the price floor increasing over time, but I had not seen any further analysis into this. We will look at the percent increase in share price between price floors, as well as volume changes and time. I found some VERY INTERESTING TRENDS. + +\---------- **BOILERPLATE:** + +I still know nothing, I can't do math good. PLEASE don't listen to me! Obligatory 🚀🚀🚀 + +**TLDR: Since Feb 24th, we have seen the price floor increase 4 or 5 times with half the magnitude each time but with increasing frequency. If continue this trend, then we could already be at a new price floor of $160 as of yesterday, then a price floor of \~$161.5 by mid week, then a final price floor of \~$162.5 by the end of the week. At that point we would see less than $1 variability on the stock until it breaks the trend. 🚀🚀🚀** + +&#x200B; + +**---------- Increasing Price floor** + +This graph is taken from tradingview with the NYSE direct data add-on. Each candle is 4 hours. + +After each rally, I looked at the **lowest point that was never retraced** after the next rally and made an **orange line**. + +Those point were at **$47, $86, $116, $137, $148 and $155** + +Those lines were then measured and the **values in the blue boxes show the absolute share price increase as well as the percent change.** + +https://preview.redd.it/g4pow8rnlxx61.png?width=1749&format=png&auto=webp&s=dcc11b54fa5a11e3dbbc238b849af3e0fd1ea4b7 + +As you can see, since February 24th, we have seen the **price floor go up by 80%, 35%, 18%, 7.5% and 4.8%**. While not a perfect, you can see the **general trend to be \~50% less each time.** + +If this trend continues, then we would expect the **next floor price increases to be \~2.5%, \~1%, \~0.5%**, which would equate to a price of **\~$160, \~$160.5 and $161.3**. After that we are talking about less than $1 changes with a **final price of \~$162.50**. + +As you can see, **variability is getting extremely low** and we **may have already hit a new price floor of $160** after that little rally we had last week. + +&#x200B; + +**---------- How often is the price floor resetting?** + +&#x200B; + +Below is a graph of the **average GME trading volume by week** (Total volume of week divided by number of trading days). + +The **weeks highlighted in orange** are the weeks that we **saw the price floor increase**. I also highlighted last week as a potential new price floor but we will need to wait to see if that is true. + +&#x200B; + +https://preview.redd.it/f9sa6z30pxx61.png?width=1035&format=png&auto=webp&s=9d09e58ba23b9b193b0e97db41dcff0c612af2f5 + +As you can see, it was **\~4 weeks** between the first increase, **\~3 weeks** between the second increase, **\~2 weeks** between the 3rd increase and potentially only **1 week** to the 4th increase. + +This also corresponds very well to a **near halfling of trading volume as well.** + +If we continue to follow that trend, we will start hitting the **new price floors within the same week, and a steady state within the next two weeks.** Next week should be very interesting!!! 🚀🚀🚀 + +&#x200B; + +**---------- So what is causing this?** + +That is a great question and **I wish I knew the answer!** It really looks like it is a trading algorithm that is causing these new price floors and that **a price of $162 was always the endgame** since it rallied back in February. + +**What will happen once the price stagnates at $162?** Again, I have no idea, but if we look at the larger wedge trend that has been forming, I think we will then be at end of a falling wedge, which could be indicative of a price breakout above the trendline. + +**Now of course this may be true for a normal stock, but we know GME is anything but normal.** + +&#x200B; + +https://preview.redd.it/oxrpk4jh0yx61.png?width=924&format=png&auto=webp&s=792040b40fa7381bc15d5768a4336c6dcc7131a2 + +All I can say, is that this stock is getting to a breaking point and if we continue to follow our trend, **we could see something happen (one way or another) after our variability gets to under $1.** + +**---------- TLDR:** + +**Since Feb 24th, we have seen the price floor increase 4 or 5 times with half the magnitude each time but with increasing frequency. If continue this trend, then we could already be at a new price floor of $160 as of yesterday, then a price floor of \~$161.5 by mid week, then a final price floor of \~$162.5 by the end of the week. At that point we would see less than $1 variability on the stock until it breaks the trend. 🚀🚀🚀** +This is a continuation of [Part 1, Finkle Is Einhorn](https://www.reddit.com/r/Superstonk/comments/owpfc3/will_the_real_gme_bbemg_please_stand_up_part_1/). A revision is [available here](https://www.welcometothemachine.co/index.html). Please see intro post below. I ran out of room. Damn character li + +# + +https://preview.redd.it/0qfp9kwxq5f91.png?width=1200&format=png&auto=webp&s=3c23a4e4e3eddaf53d76fc0c4741e0dea16ba24e + +# Section Four: MegaMedia + +# + +# Section 4.0: Preamble, Part 2 + +# 4.0.1 The Truth Of It + +In this Report I will not be telling you the Truth. + +I know, that’s a helluva hook. It isn’t that I am avoiding telling you the Truth, or that I don’t want to; I can’t tell you the Truth because I don’t know what the Truth is. What I will be doing is showing you the evidence. This evidence comes from my investigation into who owns what, how they got it, and *what is this "ownership" thing anyways?* (both legally and practically). Since everything in the world is owned by someone, and that ownership was achieved somehow, this Report has a rather broad scope. The breadth of that scope becomes more clear when you realize that almost all of our decisions in life, at least on some level, are economic in nature. Our economic decision making processes tie directly into who owns what and how. While I don’t know if this Report accomplishes its goal in its entirety, it at least shows a whole lot of evidence that puts at least a few of the answers (for the really big questions), for me at least, beyond a reasonable doubt. YMMV. + +The evidence I will be presenting is largely what specific people have said, either formally (official government documents, reports, laws, etc.) or informally. By “specific people” I mean natural persons, governments, corporations, laws, court cases, etc., hereafter collectively referred to as “people”. I will be showing you what these people say in their own words and in full context (to the best of my ability). The sourcing of this evidence can’t be overstated. + +I can’t tell you that what these people are saying is the truth. I can’t tell you that they believe what they are saying. I can only show you exactly what they say, who exactly is saying it (within scope, which I will elaborate), and the context in which it is said. + +# + +# 4.0.2 Look Who's Talking + +https://preview.redd.it/c10n9r60r5f91.png?width=400&format=png&auto=webp&s=b22d43532897e1c30aa55fc25a263bc6ad53bf54 + +The sources I will be showing you are essential pieces of the evidence itself. It will seem that I am being overly cautious here, or that I am being pedantic, but the main driver of this Report is evidence. Here I will be talking about my sourcing, because the topics that I will be discussing will be ***completely unbelievable*** unless you fully understand exactly who is doing the talking. + +The evidence will be presented in the following way (any exceptions will be noted): + +**1.** I will be naming the source. + +This is usually done as part of the flow of the report. + +**2.** I will be presenting a quote. + +The quote format will be obvious. If there is a specific part of the quote I will talk about, I often highlight that part. If nothing is highlighted, the whole quote is likely to be commented on, or the whole thing is something I consider to be important. This is not a hard and fast rule. I may talk about non-highlighted parts, for example, and really all of this evidence is important. It is best to read the entire quote, but that is up to you. This report is the evidence though. If you read nothing but the quotes, that would be a better way of reading this report than reading only my words which are far less important. + +The context of the quote is incredibly important. I have striven to produce the quote in context and to supply necessary surrounding context to the quote in my narrative (this is a potential point of issue as will be discussed later). A lot of my investigation has led to what I consider to be “Contextual Lies” (or if unintentional, “contextual non-truths”) that come from out of context quotes, or slight misquotes, or narrative overlays that do not match with what I think has really been said. That doesn’t mean my estimation of what has been said is correct, it only means I personally don’t think the primary source I am quoting meant what someone else is saying it meant. I make explicit when I think this occurs. + +Because using your own critical thinking in any investigation is essential, I also provide a link to the **full source** so that you can look for yourself to determine if you think I have presented the context of the quote correctly. + +**3.** I will be providing a link. + +The links I provide go to the source; who is doing the talking (unless otherwise noted). Many of the links go to archived documents, but the archive itself has the original link text contained in the “archived” url. For example: when a web page is archived at archive.org a new link is created such as: + +[https://web.archive.org/web/20170722135335/https://www.fda.gov/ICECI/EnforcementActions/FDADebarmentList/ucm139627.htm](https://web.archive.org/web/20170722135335/https://www.fda.gov/ICECI/EnforcementActions/FDADebarmentList/ucm139627.htm) + +This url, from archive.org has two parts. The second part is the original source: + +[https://www.fda.gov/ICECI/EnforcementActions/FDADebarmentList/ucm139627.htm](https://www.fda.gov/ICECI/EnforcementActions/FDADebarmentList/ucm139627.htm) + +Note that it goes to a website on an fda.gov server. + +This particular link goes to a 404 ([Page Not Found error](https://en.wikipedia.org/wiki/HTTP_404)). This means (in this case) that the page once existed on the fda.gov website, but has been removed. + +The archived link adds the prefix to the original FDA site when it saves it: + +[https://web.archive.org/web/20170722135335/](https://web.archive.org/web/20170722135335/) + +Note the number at the end of the url (20170722135335). I’ll get to it in a moment. + +This saved website is created by the archiver to store on the archive web server. Think of archive.org as “saving” a part of the internet at different points in time. The archived page link itself goes to a stored version of the fda.gov web page from a specific time in the past. + +The important point is, this website should be considered the same as the FDA having said something at the time that it was saved. In the case of the first link above, this time is encoded in the url itself: + +20170722135335 + +Separating by bar “|” gives: + +2017|07|22|135335 + +This part of the url says it was saved in 2017, on 07/22 at 13:53:35 UTC. + +Not all sources are from the archive server. When they are still available on the web I will often use the current source. In all cases it is essential that you note the source (contained within the url). When it has a url of .gov, it means it comes from a government run server. You can’t get a .gov domain name unless it is sanctioned by the government. This .gov website is just an example. I consider all sources as primary unless explicitly noted otherwise. In other words, who is doing the talking is contained within the url, unless noted otherwise (some books I quote e.g.). + +You must understand that these are [primary sources](https://library.shu.edu/primarysources) to understand the evidence. It is essential. + +# + +# 4.0.3 Did You Just Wiki Me? + +In this report I will also use some non-primary sources. I use these often to elaborate on something non-controversial, i.e. for subjects that are considered to be *Generally Accepted as True* (GAT), and which I am not contesting. Alternatively, in some cases, I will use these sources to present what is GAT (the common, or consensus beliefs) before I contest the assertions contained within. These non-primary (or non fully vetted secondary) sources are really just used as a “showing you what is GAT” machine. + +Many people believe that wikipedia is the worst source to use. The reasoning is that wikipedia can be written by anyone (which is only sort of true) and other sources are signed (which is also only sort of true). I will present evidence in a later section that such reasoning is flawed, but for now, understand that my use of wikipedia is strictly for things that are GAT (generally non-controversial, or low controversy topics). I like wikipedia because they provide so many sources for their statements. Many of the “accepted” references (MSM, encyclopedia’s, etc.) do not provide the level of external (non-wikipedia) source referencing that wikipedia does. + +One of the problems with wikipedia is that their sources are usually secondary (a major flaw, or at least a nuisance), but at least there is a well referenced source there, very often one that I can find. From those secondary sources I have been able to find clues to track down many primary sources. In other words, wikipedia is a very useful tool. + +The main flaw in the reasoning of why one “shouldn’t” use it, is that there is an implicit assumption that because it is semi-anonymous it is *less trustworthy*. The problem comes in the word trustworthy, or rather the word “trust”. I do not in any way *trust* wikipedia to be telling me the truth. As I will show evidence for in a later sections, using “trust” in any investigation is a flaw. There is *no source* that should be “trusted.” Instead, we should listen to their argument, on the merits of the argument itself. From the presented argument of any source we can then dig deeper, find corroborating, or contraindicating evidence and present supporting or counter arguments. No where in there does “trust” help in the process. In fact, it does the opposite. I will elaborate this concept later. + +I will be providing evidence in this report that may be controversial. None of this controversial evidence will rely in any way on wikipedia (or any other unvetted source), and in each case that I use wikipedia I have done a search on google to make sure the results are generally corroborating (which is really the definition of GAT, AKA consensus AKA conforms to the “official narrative”). I strongly encourage you to do your own investigation into anything I present, whether it is primary or stated as GAT. I am most certainly not believing that something is true just because it is GAT, I am only *not contesting it* (at this time). + +For these reasons I assert Wikipedia is a good resource. + +Just don’t *trust* it. + +At all. + +# + +# 4.0.4 The End Of The Beginning + +Don’t worry too much about the title “The Matrix.” I’m not going to present evidence that your brain is plugged in to an all powerful machine that is controlling your views and beliefs of the world, nor that your body is used as the power source to run it. + +I promise. + +# + +# Section 4.1: The Ministry Of Truth (Intro) + +https://preview.redd.it/pu9jjze1r5f91.jpg?width=1500&format=pjpg&auto=webp&s=7fb8292fd352217619bad4960eba7cc86af6af2c + +# 4.1.0 The Company You Keep + +Just in case you thought maybe Megacorp didn’t own the media companies, this is where we pull out the book on Super Advanced Fuckery and, with some sucus citrum (lemon juice) and our super secret lucernam arcanum (arcane candle), we’ll take a look at the blank pages at the end of that book. + +https://preview.redd.it/yjr67fg2r5f91.png?width=242&format=png&auto=webp&s=f37f0423d200d072266932aa941d982572bea949 + +In order to gain a deeper understanding of our “modern economy” as the evidence this report suggests it is... in order to even *look* at the evidence I will present, there must be an understanding of the Media chapters in the Super Advanced Fuckery book. Some of this is going to seem a little off topic from the economics of ownership, but I feel this information is essential to understanding the evidences I will present on those topics. + +Outside of our immediate sphere of experience, what we perceive to be "really going on in the world" is completely dependent on the mediums we use to view the information. If those mediums are manipulated, even a little bit, our view of reality is manipulated commensurately. I will be presenting some evidence here that suggests such a manipulation of our view of the outside world. This isn’t just evidence that it happens. Most people realize it happens. This is an exposure of the scope, both in the past and present, and in product space. It also gives evidence of the actors involved, and their motivations. + +This evidence, as it pertains to the media specifically, will be scattered throughout this report. It will gain more specific focus towards the end of Part 2. Before we get to any of that though, I want to look at who owns the media; Megacorp style. + +# + +# 4.1.1 The Information Dealers + +In [section 1.0](https://welcometothemachine.co/index.html#_1-0-0) I picked many of the companies I did specifically because if you look, you can find a direct connection of ownership between the last few companies I listed and every single form of information exchange. All of our media is owned by these companies (e.g. CNN (AT&T), FOX (Split up into News Corp and Disney), MSNBC (Comcast), Marketwatch (News Corp), etc.). + +Note: to understand what these ownership heat maps represent, please read [parts 1.0-2.1.2 of Part 1 of this report](https://www.welcometothemachine.co/index.html). + +https://preview.redd.it/knaimed5r5f91.png?width=1270&format=png&auto=webp&s=bc3d8d82939ea8d03336640435961110ce6d0508 + +You have probably heard it said “[only six companies own all the media](https://www.businessinsider.com/these-6-corporations-control-90-of-the-media-in-america-2012-6)”. They're wrong. It’s one. All of these companies have as primary shareholders the same investment groups and thus are all owned by Megacorp. While what I will be showing here is far from enough evidence to support the statement of a "single owner for all of media," a great deal more evidence will be forthcoming when we get closer to the relevant conundrum of Part 2. + +It's not just the news websites and stations that are owned by Megacorp. Its also social media (Facebook, Twitter, TikTok, LinkedIn, etc.), Google et al (which provide "personalized" search results and are the gatekeepers of all information): + +https://preview.redd.it/el1lq7n5r5f91.png?width=920&format=png&auto=webp&s=d9cc3a45cb79995ca26aacf66e827fea0899221a + +Hollywood, and all entertainment: + +https://preview.redd.it/jt0ibk76r5f91.png?width=630&format=png&auto=webp&s=dc51f24041a40bac485f5ddf0596d80c21c66cc6 + +It’s even the "fact checkers". + +# + +# 4.1.2 International Fact Checking Network + +https://preview.redd.it/g9vq24u6r5f91.png?width=678&format=png&auto=webp&s=569b086dafcb4caf93c75bd2f3ce37ca988fa753 + +I will show a funding money trail for just one of the Fact Checkers to provide evidence for Fact Checker Fuckery. This one leads directly to all the others, so it will be sufficient. I think understanding the Fact Checker web is essential to an appreciation of the potential scope of the media problem. It’s easy to get lost in the weeds in these investigations but I encourage further independent investigation if you think I must be incorrect or if you are just curious. (I recommend digging into Snopes' weeds if you are curious). I will admit that I have not checked every single fact checker, but I have investigated the money trail for a few. They all lead directly back to Megacorp paying their salaries. As you will see below, they are all fundamentally connected by other means as well. + +The parent organization for PolitiFact.com is the Poynter Institute for Media Studies. The Poynter Institute is a “non-profit” journalism school that gets its funding from a [who's who of billionaire's foundations](https://web.archive.org/web/20210713120448/https://www.poynter.org/major-funders/). An abbreviated list: + +* **Funders** +* Charles Koch Foundation +* Democracy Fund +* Environmental Defense Fund +* Facebook +* Foundation to Promote Open Society +* Gill Foundation +* Google News Initiative +* Institute for War and Peace Reporting + +The list goes on, all in the same vein. + +There’s also the list of their “Largest custom training partners:” + +* **Largest custom training partners in 2019-2021** +* American Society of Business Publication Editors +* Charles Koch Institute +* ESPN +* Facebook +* Huffington Post +* Marketplace +* MRC Media +* Middle East Broadcasting Networks +* National Public Radio +* Newsweek +* New York Times +* Pinellas County School District +* Southern Newspapers Publishers Association +* The Washington Post +* TikTok +* USA Today Network +* Vice +* Voice of America – Broadcasting Board of Governors + +These are, according to [a more recent page](https://www.poynter.org/major-funders/#1632843520043-6f2a5e92-fdef), the organizations that Poynter's trains on how to give facts. + +[Here you can find](https://www.poynter.org/major-funders/#1632843888743-52666069-9ec9) the institutions that give Poynter's the facts ("collaborate"), ensuring that *everyone* has the same facts. Here are a couple examples from that link: + +* **Democracy Fund:** Granting PolitiFact unrestricted support to sort out the truth in American politics. +* **Google News Initiative:** + * Enabling MediaWise and PolitiFact to launch independent media literacy and fact-checking initiatives + * Collaborating with the International Fact-Checking Network to help fact-checkers uphold the principles of truth and transparency in their verification efforts +* **Meta:** + * Helping MediaWise and PolitiFact in the fight against mis- and disinformation to help people sort fact from fiction online + * Empowering the International Fact-Checking Network to support fact-checkers, climate organizations and solution providers working to combat false and misleading information about the environment + * Enabling the International Fact-Checking Network to foster mentoring partnerships between seasoned professionals and fact-checking organizations worldwide +* **TikTok:** Helping PolitiFact continue to fact-check elected officials and hold government officials accountable + +We will be seeing the real ownership of quite a few of the organizations above as the Report unfolds. Not because I went looking per se, but because in the course of other investigations, the information came up and was relevant to something else. All of the ones I found are surprisingly more interesting than they appear on the surface. + +Through Poynter, they don’t just contribute to PolitiFact, but to many (likely all) Fact Checking organizations through [a central control structure](https://www.poynter.org/ifcn/) for “best practices”: + +# + +>The International Fact-Checking Network is a unit of the Poynter Institute dedicated to bringing together fact-checkers worldwide. The IFCN was launched in September 2015 to support a booming crop of fact-checking initiatives by promoting best practices and exchanges in this field. + +Does that sound like fact checking organizations are “independent” to you? Look at the top two bullet points of the IFCN’s intentions (in the l link above): + +>\* Monitors trends, formats and policy-making about fact-checking worldwide, publishing regular articles in the section below and in a weekly newsletter. +> +>\* Helps surface common positions among the world’s fact-checkers. + +They do everything they can to make sure “Fact Checkers” are all saying the same thing. No “fact checker” has to investigate the facts themselves if they can simply go to a fact checker *source*, or get the predetermined “facts” in a *newsletter*. + +Here’s the crazy thing about actual facts. If something is a fact, all truly independent, honest sources will come to the same conclusion. If there are nuances, or questions, then debate will occur. An independent path of investigation, followed by debate (which never officially ends), is foundational in the scientific method. Indeed, I assert the only path to the Truth using our methods of reason (e.g., logic, science, etc.) is through debate and consideration by many minds, taking on that goal in earnest. Why would it be any different in any other report of observations? + +From the “Funders” list above, many of the organizations who contribute to Poynter are also deeply invested in and/or owned by and/or funded by Megacorp (i.e. Fact Checkers are also Megacorp by ownership and funding money trail). Looking at the funders listed above there are some real doozies. Each NGO, NPO and Foundation is a deep dark rabbit hole itself. I will delve into potential fuckery involving Philanthropic Foundations in another section of this report. + +Rather than go through the whole list of funders (to save time), just notice two of the contributors to the IFCN: Facebook and Google News Initiative. + +That PolitiFact is used to fact check for two of the largest information sources on the planet does not prove lying or deceit. That Facebook (Meta) and Google also contribute to their "journalistic endeavors" (i.e. "collaborates" with them on the facts, that they turn around and check) does not prove anything nefarious either. This only shows a direct line of funding and information contributions between two of the largest sources of public information consumption and one of the large fact checker websites that “fact check” them. This evidence shows clear conflicts of interest (though nothing more at this point). The same exact types of monetary paths can be found for every single Fact Checker that I looked at. The phrase “Independent fact checker” is a provable oxymoron (at least through proof of monetary dependence) in each and every case. + +It isn’t just funding that asserts a lack of independence with the rest of the Fact Checkers. The IFCN also has a “[code of principles](https://tinyurl.com/5cks7nnt)” and an “application and vetting process.” (The link to the application is about middle of the page of the Code of Principles page.) At the bottom of the first link is a list of “approved fact checkers.” It contains all the sites you would think of: Associated Press, Washington Post, Snopes, etc. I don’t know for certain if that list is comprehensive or up to date (no date goes past Aug 2, 2017). Any wannabe Fact Checker has to pass this vetting process (and pay its dues) or it isn’t allowed to be a part of the Fact Checking network. + +If you’re not a part of the Fact Checking Network will you show up on a Google search? What about one of the bajillion sites that use a Google search function? Will you show up on Facebook or Twitter or anywhere? Lets try Google: + +Using a mostly random, but likely controversial topic, I selected the search term, “fact check do masks stop covid.” I got the following [list of websites](https://www.google.com/search?q=fact+check+do+masks+stop+covid): + +1. factcheck.org (approved by IFCN) +2. factcheck.org (“”) +3. reuters.com (partnered with Associated Press (AP) (see below), approved by IFCN) +4. reuters.com (“”) +5. politifact.com (approved by IFCN) +6. usatoday (at the bottom of the page says: “Our fact check work is supported in part by a grant from Facebook.”) +7. covid19factcheck.com (A UCSF medical school site. Almost every single “fact check” on this page is a copy/paste from the WHO or CDC, which are also cited often in all other Fact Checkers. Nevertheless, maybe this is the “exception that proves the rule?” I will return to this question in another part of this report.) +8. wionews.com (This page does its entire debunking in a few sentences and cites FactCheck.org twice as an authority.) +9. factcheck.afp.com (AFP, like Reuters is also a part of AP) +10. wcvb.com (This begins its “debunking” with “We are collaborating with FactCheck.org” with a big link to their website.) + +Note: due to Google’s personalized algorithm and the date of the search (around Aug 2021), you are not likely to get the same results I did, though I suggest the end result will have all the same direct ties to the IFCN. + +# + +# 4.1.3 Oh What A Tangled Web We Weave... + +Let's look deeper into the connection between some of these sources. + +According to [this report](https://unesdoc.unesco.org/ark:/48223/pf0000073446/PDF/073446engo.pdf.multi) from the United Nations in 1952 titled, *News Agencies, Their Structure and Operation*, AFP (formerly Havas), AP, and Reuters are the primary “World News” sources. + +On page 15 of that document it says most of the National News agencies from all over the world became part of the Reuters Trust. This ensured that all news came from one source. It says: + +# + +>it is true to say that in 1952 world news is disseminated mainly by six agencies: the US agencies (AP, INS and UP); the British agency, Reuters; the French agency, AFP (formerly Havas); the Russian agency, TASS. + +UP is the United Press. It was the competition to AP in America as a World News source. At the bottom of page 12 it says: + +# + +>Once the new Associated Press had concluded an exclusive contract with Reuters, which provided it with the services of Havas and Wolff as well as with its own (a contract, moreover, which in practice gave AP the monopoly of all European news in the United States), the first United Press agency was gradually pushed out of business and ceased operating. + +This was apparently around 1892, though the exact date is not made clear. By this time it appears the UP was not a player, so I am not sure why it was included in their statement about 1952 above. Perhaps it gets into more specifics at some other point of the report. I didn’t read the entire document. I only used it to try to figure out who AFP was in relation to the others. It may be a treasure trove of other useful MegaMedia info and I should get into it more at some point. Nevertheless, I read enough of it to get some useful info. + +# + +>The geographical spheres of activity covered by the four world agencies which came into being between 1835 and 1851 were fairly circumscribed and were determined in the main by political, economic or ethnic affinities. The four agencies’ limited resources inevitably restricted their expansion. **It was natural that they should co-operate and “ally” themselves by contracts** for the exchange of services, so as to be able to cover the news in the greatest possible number of countries. +> +>The history of the “treaties of alliance” signed by the agencies in Europe and the United States may be divided into four different periods: the alliances take shape from the beginnings to 1870; the reign of the “grand alliances”, from 1870 to the first world war; the alliances disintegrate, from the first world war to 1934; the present time. + +So there were contracts that gave this “alliance” of World News sources effectively one news voice from before 1870. + +Sometime around WWII there may have been a falling out (page 19) of this alliance (no big surprise), but at some point all World News sites were brought back under one roof (from which *all* MSM news sites world wide, **by contract**, get their world news). There have been several contracts and alliances formed between these groups over the past 150 years. As of now, their joint *Trusted News Initiative* (TNI) ensures all reporting voices and all fact check voices are one voice world wide. No dissension happens within the framework of the MSM. + +This latest contract, the TNI, apparently [started with the BBC](https://tinyurl.com/2bapkph9) getting together with all its MSM buddies to “stop the spread of disinformation:” + +# + +>The TNI is an industry collaboration of major news and global tech organisations working together to stop the spread of disinformation where it poses risk of real-world harm. +> +>In the month leading to polling day, partners will alert each other to disinformation which poses an immediate threat to life or to the integrity of the election so that content can be reviewed promptly by platforms, whilst publishers ensure they don’t unwittingly republish dangerous falsehoods. + +Who assesses what is “disinformation” or a “risk of real-world harm”? They do. The same single organization that is allowed to tell you “the truth” also determines what that is. The above paragraph, and the start of the TNI was for the UK election in 2019. + +# + +>This new expansion to the US follows the TNI’s success in tackling disinformation during the UK 2019 General Election, the Taiwan 2020 General Election... + +To be clear that this was not the first or only such partnership: + +# + +>The Trusted News Initiative (TNI) was set up last year to protect audiences and users from disinformation, particularly around moments of jeopardy, such as elections. **The TNI complements existing programmes partners have in place**. + +Its members are, well, everyone (MegaMedia): + +# + +>The partners currently within the TNI are: AFP; BBC, CBC/Radio-Canada, European Broadcasting Union (EBU),Facebook, Financial Times, First Draft, Google/YouTube, The Hindu, Microsoft, Reuters, Reuters Institute for the Study of Journalism, Twitter, The Wall Street Journal. + +And just in case you thought the big American boys were left out: + +# + +>The TNI is also expanding its global network. New organisations joining the TNI for the US Election include The Associated Press and The Washington Post. + +Just in time for the U.S. election. + +Right before the *v-words* were deployed they also [made sure to include](https://tinyurl.com/y3xchzdm) a censorship and fact check of disinformation about them (please see note below on "v-word"): + +# + +>With the introduction of several possible new Covid-19 *v-words*, there has been a rise of ‘anti-*v-word*’ disinformation spreading online to millions of people... +> +>TNI partners will alert each other to disinformation which poses an immediate threat to life so content can be reviewed promptly by platforms, whilst publishers ensure they don’t unwittingly republish dangerous falsehoods. + +One voice is good right? It makes sure that no “harmful misinformation” occurs. The fact that the CEO of Reuters which leads the TNI is also on the [Board of Directors for Pfizer](https://tinyurl.com/37apn3rx) might be a conflict of interest when it comes to fact checking information on their products, but I’m sure nothing untoward is happening there. + +The whole idea of a one voice world wide media also sounds a little bit like one of the ten planks of the [communist manifesto](http://www.slp.org/pdf/marx/comm_man.pdf) (page 28): + +# + +>6. Centralisation of the means of communication and transport in the hands of the State. + +The “Ten Planks” are the steps necessary to bring about Marx’s ideal utopian world. Of course this is centralizing the means of communication into the one voice of MegaMedia and not “The State,” so there’s really nothing to worry about. + +Unless The State and Megacorp are less distinct than they appear? Then it might be exactly as Marx envisioned it. Not that I'm saying that *at all*. I'm just saying **if** there were some fundamental connections, then it would look a lot like Marx's Utopia. + +I would also like to add one thing about the name “Trusted News Initiative.” Anytime you have to tell someone you are trustworthy, there’s a fair chance you might not be. A complete lack of independent investigative journalism and a requirement to pass their own built in Fact Checking Network to be allowed to “fact check” (debate a point), doesn’t seem very “Free Press”y to me. As I will show in other parts of this report, there are organizations that incorporate under names that are provable as the opposite of what their name suggests. Such names have pulled the wool over the public’s eyes for a very long time. It won’t make a lot of sense how big of a deal that is until Part 3, but when you see what I mean, remember this part. Corporate names that are designed to make you believe the opposite of the truth are a very, very big deal. I’m not saying the TNI is an example of that. Maybe it is, maybe it isn’t. Maybe it’s totally the bestest most trustworthiest Ministry of Truth Media Conglomerate ever conceived. I am only suggesting that you remain suspicious of anyone who is named one thing (Trusted), but their actions suggest the opposite (no independence in journalistic endeavors). + +I don't know if it's fair to call this mess The Ministry of Truth. I am not trying to prove intent. I am looking at how they define themselves, and following their money and ownership trails. Plus [the name is already taken](https://tinyurl.com/ysa7j2x3). Instead I call all well known media, MegaMedia. There appear to be multiple voices and opinions proffered by MegaMedia to various demographics, but this evidence (and a great deal more to come) suggest that there may be ultimately only one source. + +Again, I'm not suggesting you believe that statement (or anything I say). I'm really just trying to report evidence, my words are inconsequential in comparison. I really haven't even gotten to the good stuff yet. I'm just saying it kinda is looking like that might be the case; a single voice, giving lots of different opinions to different demographics. + +I do not want to come across as discrediting fact checkers or news just because of a lack of independence. In any argument or rebuttal, it is essential to address specifically *what* they say; the arguments they make. Within "what they say," it can be useful to look at the rhetoric they use, their narrative overlay on top of their “facts” (i.e. what are the facts they present, and what are their opinions pretending to be fact), whether or not the context of their facts match with the primary sources intent, and whether or not they use other parts of the larger media narratives and devices to tell their story (i.e. are their corroborations primary sources, or are they basically using themselves to fact check themselves). I will address questions of the validity of certain “fact checking” arguments in later sections, with specific examples on a few very important topics. + +# + +# 4.1.4 The Reute To The truth + +The UN report shown above suggests that Reuters was the start of this "single voice" in media (or at least in "world news"). It is also currently the main “Trust” (Reuters Trust) that manages it (and I assert always has been). Where did Reuters come from? + +According to [historical record](https://www.investopedia.com/updates/history-rothschild-family/), in the late 18th century five Rothschild brothers were sent out by their father, Mayer Amschel Rothschild to establish a paneuropa banking empire, by creating family banks in five cities; London England, Paris France, Frankfurt Prussia (Germany), Vienna Austria, and Naples Italy. Since this story on the Rothschild banking empire is generally accepted as true (GAT) and neither I, nor anyone else is disputing it, I will not be looking too hard for a primary reference source (although I will be showing you one in about three seconds). + +In 2011 [Sir Evelyn de Rothschild](https://tinyurl.com/2h7jyjr3) gave a talk at Peking University at which he was speaking about his families banking empire in the 19th century (@7:20 in that video link): + +# + +>We covered Europe. We covered the European Union that we have today. From that grew a business which was successfully built upon an understanding between the five brothers. The five brothers used to talk to each other through writing. That was one side. They were also the first client of a man called Mr. Reuter. Mr. Reuter made his name by flying pigeons around the world, and if you couldn’t send messages, you used a pigeon. **And that’s why we were the first client of the great house of Reuter. Which as you know became the most important messaging company in the world today. And from that it grew, over a period of time**. + +His speech continues and says some interesting things that I will get back to in Part 3. For now I want to focus on the founding of Reuters. + +Evelyn de Rothschild is here proclaiming that the five brothers were the first clients of Reuter, which is to say, they gave him his first business, and his first dollar (pound sterling, whatever). The Rothschild’s fully understood the value of information. In fact their entire empire was built upon it. Nathaniel Mayer Rothschild used both information and disinformation to effectively **buy England** after his family funded both sides of the Napoleonic war and he performed the greatest short sale of all time. This was a very important event from which an avalanche of fuckery began. I will provide all the sources and evidence for this in Part 3. These aren't really controversial statements though. All but the "owned England" part [are GAT](https://www.businessinsider.com/the-rothschild-gang-shadow-conspiracy-or-rumor-2011-6) ([part 2 here](https://tinyurl.com/ycxyd474)). The GAT sources suggest they "saved the Bank of England from collapse with their own money." For now I'll call that tomato/tomahto. As we'll see later, the details are important. + +There is evidence that shows a pattern of behavior by the Rothschilds in the 19th and 20th centuries of providing seed money for some entrepreneur, and effectively owning (controlling) their company (or in some cases entire countries) through sometimes stock or bond ownership, and in some cases through leverage. Note here that I'm making statements without any evidence whatsoever. Please keep that in mind. I try not to do that too often, but in cases that I do, it is merely to connect the dots. The evidence and sources will be shown in later sections. I can't show all of the evidence at the same time, and some things require substantial corroboration to be appreciated. I am introducing the Rothschilds here only because they come up in trying to understand the beginnings of our modern media. The details of all of these things are important, and the original sources are important to see. I will elaborate quite a bit further on all of these topics later. + +Given my assertion of the Rothschilds above (which I promise to get back to in a big way), is it too much of a stretch to think that perhaps such a thing happened with Reuters? Perhaps it was further funded, and indeed even founded by Rothschild, with Reuter as CEO, but also merely a frontman when it comes to actual ownership AKA top level decision making. At this point that is speculative, but I will provide substantial evidence (most of this report) that this behavior is common. Indeed, this report will make the case that this "frontman" relationship is almost ubiquitous, at least for the larger corporations, i.e. the “owner” is not exactly the person who it appears to be. While I certainly have not made the case for such a situation at Reuters, at the very least, in the beginning, the Rothschilds almost certainly had substantial influence. The only other "concrete" (set in stone?) connection I have found (as of the time of this writing) between Reuters and the Rothschilds is this: + +# + +https://preview.redd.it/6lc0t7b9r5f91.png?width=768&format=png&auto=webp&s=c2c7dba8a48b3877d74384e7e0f67c6eff44ed7a + +>The supply of information to the world’s traders in securities, commodities and currencies was then, as is now the mainspring of Reuters activities & the guarantee of the founder’s aims of accuracy, rapidity and reliability. News services based on those principles now go to news papers, radio & television networks & governments throughout the world. Reuters has faithfully continued the work begun here to attest this & to honour Palullius Reuter. **The memorial was set here by Reuters to Mark the 125th anniversary of Reuters foundation & inaugurated by Edmond L’de Rothschild td 13-10-76** + +By Sir Evelyn de Rothschild’s own admission, Reuters began life as the information lifespring for the Rothschild’s Banking Empire. This 125th Reuters anniversary plaque at the Royal Exchange London was inaugurated by a member of the Rothschild Dynasty suggesting there is still a substantial connection. + +It would seem that I am grouping all members of the Rothschild’s together as if they were a single entity. I will explain why this is, to an extent, appropriate, even necessary (legally speaking) in a later section. + +I will return to the media at several points as the report progresses. There is a great deal more to be looked at here, but the evidence that supports the topics must be presented first, to set up the context for the evidence of the media itself. + +**End Sec. 4.** + +[Section five continues here](https://www.welcometothemachine.co/index.html#_5) if you would like to read ahead. +https://www.cnbc.com/2019/05/17/elon-musk-calls-for-cost-control-in-memo-to-employees.html + +Shares in Tesla dipped more than 5% on Friday, after a U.S. safety regulator found its Autopilot systems were engaged during a fatal Model 3 crash earlier this year. + +Elon Musk sent out a company-wide email on Thursday cautioning employees to take extreme measures to control costs. + +The Tesla CEO vowed to “Personally review and sign” every tenth page of outgoing payments. +I know hospitality has very low profit margins, apparently you're doing well to clear a few percent. + +I'm curious though from contributers to this sub, how many of them (or how many do you think) actually make enough for the owners to live comfortably? + +I've noticed a lot of the popular brunch/cafe outlets are often owned by multiple individuals and often have a few different outlets under different names. +Hello. Homeless here. I live in my car and I am looking to stocks to solve my problems. Ready to harass me with unkind things? + +Before you do here are some facts: + +I make $11 an hour and work 40 hours a week. + +I make enough to invest over $1000 a month. + +I only spend $400 a month out of my $1500 - $2000 monthly pay. + +I plan on getting an apartment in 2022 at some point as well as a better job. + +I want to invest for the long term. My ideal minimum goal would be 10 percent profit every year and take out 4 percent per year when I retire. + +I have looked at many stocks past 5 year history and many of them are skyrocket. The ones that seem to go up up up and never really go down in the long term would be the ones I think I would invest in. + +I have at least a year of savings at $400 a month meaning my savings is at least $5000. + +Having finally looked into stocks and looking up videos for about 100 hours and still having no real true 100 percent plan I know a few things. First: Stock market seems better than a savings account. Second: If I had invested 5 years ago I would have so much more money. Third: It seems some stocks will almost always profit over the long term. Forth: Inflation means stocks are a decent option instead of a bank. + +I did put a very small amount of money into stocks and so far have a 2.5 percent return. I put the money in 3 stocks and it increased. That was 24 hours ago. + +I have a decent savings account and I was wondering if I should put it all into stocks. The truth is if I put $5000 into stocks and lost it all I would not lose my life and could make it back but it would hurt my heart and make me want to stay in my car a bit longer. + +I currently am trying to better myself and I have come a long way. I won't get into that so try not to judge me to harshly. Right now I am at a point where I can invest a bit more at a low paying job, but I do intend on getting a better job when I can and then get an apartment so I can have a home and invest more money as well. But I also have no friends and no family. I am all on my own with the grace of God and perhaps your input here... + +But currently $1000 is completely able to put into the stock market every month. + +Where do YOU personally put your money and where would YOU personally put your money if you were in my situation? + +With inflation is it okay to start investing or is it too late now? + +Would it be best to stick with the stocks that seem to have a history of doing well or would they be overvalued due to the inflation lately? + +In the long term what stocks do you feel will stand the test of time and keep raising even in times of trouble? + +Please provide your thoughts and hope I am not too much of a loser. Thanks. +Just wanted to tell everyone that's I'm sad about how the market has turned. + +It sucks to see 2 years worth of progress hit the crapper because you keep holding on just one more day, and every call you make lately seems to be the wrong one. + +But we're all in the same boat together, we're holding onto our companies and riding through the storm. We all lost a lot and we're all borderline depressed. It's going to get better and we all know that, we're just bummed that we couldnt use this to make MORE money because we added more funds on the drop a few weeks ago, but, It's gonna go back, we're still gonna make money, even people who held after the recession doubled their funds 8 years later. That's just tuition to the school of hard knocks. The difference between you and them and you are an active investor who is learning from this experience. Think of how much you will learn down the road from this. Sure you could just hold, but take time to learn about what these past two years has taught you about trading and how much more you've put in the market since then. + +We're all drained by the upsets this year, but we're also all learning together. That's what this subreddit's for. Hang tight brothers and sisters, we're gonna be better when this is done. +Share and review ETF portfolios. Core and explore? Slow and steady wins the race? YOLO? The world is ending - short it all? Discuss all things asset allocation, portfolio composition, risk tolerance, timeframe, reasoning, and provide feedback to other ETF investors. Keep it informative! +I have about 100k I'm looking to invest. Half the people here says it's a terrible time to invest, while others seem to say it's great. What to do? I was looking at VOO but honestly I'm freaked out by the recession +So roundhill has a new Metaverse etf. It includes the top 10 Meta companies. Is it worth to imvest this etf or is it just a hype??. Right now is still cheap ($16) +I'm curious what bond allocations people have in there portfolios. I have been told many times to use your age to decide when to have bonds, but do people actually agree with that? + +Especially when using target date funds, if I was planning to retire, but still had a 12+ year time horizon I can't decide if having a massive portion of bonds is a good idea. + + Please post ETF used (if any) and reasoning in comments. + +Edit: Whoops! title typo + +[View Poll](https://www.reddit.com/poll/skula1) +So the expense ratio in E trade seems to be 0.03% just like in vanguard as well. So doest it matter if buy them from my E*TRADE account or should I purchase it via Vanguard? +My thoughts is that this is a no brainer deep value play. Sports WILL return. Maybe not today, maybe not tomorrow, but it will. Roundhill has solid stuff. I think their streaming, gaming, and betting etfs are all solid. If you don’t want to put money in the etf it’s worthwhile to do some dd on their picks or look thru their research. +I'm 18 and recently bought one share of QQQM on Ameritrade. Was this a mistake? Should I open a Roth IRA before I buy any more I'm planning on holding long term. Any advice? +Does anybody know a good ETF to invest in the whole EV market including battery technologies and productions? + +I would like to put some money in NIO, BYD, TSLA and their suppliers, but don't need any solar or wind energy stocks. I saw LIT but it lacks other EV companies other then TSLA. +Hi, + +I’ve examined etfdb and etfrc — and I’m open to trying or paying for the right service. + +Is there a tool that can ingest my brokerages positions and then cross reference the holdings from each of those ETFs I have in my portfolio — and then produce an aggregate list of stocks I am exposed to and the total % of exposure I have per stock based on the overlap of ETFs I have invested in. + +Thanks. +Recently started investing for retirement. I've been going with an 80/20 split of VTI & VXUS. That said, I've been thinking about how top-heavy VTI can be. I worry about not getting enough exposure to small and mid-caps. + +Should I consider transitioning from VTI to VOO/VB/VBR? Is there any other combination that you'd consider? Also, what allocation percentages you'd recommend? +So roundhill has a new Metaverse etf. It includes the top 10 Meta companies. Is it worth to imvest this etf or is it just a hype??. Right now is still cheap ($16) +# Are you gutted you missed out on the Safemoon or HOGL moonshots!? + +Well your in luck! There's a new coin in town. And we're ready for some close up star gazing ⭐⭐⭐ + +Change is on the horizon peeps! I believe GME has started a movement. Whales aren't dumping and pumping as much, they're seeing the value in Hodling. Diamond hands are staying strong together and we have been conveniently names Apes 🦍🦍 + +So, without further ado, please welcome NCAT. The open source community driven meme coin. Hitting unprecedented milestones at each corner. Fill your bags!! Current price $0.0000000133794. + +NCAT was created to have a bit of fun. A meme token that would slow build a community as we took the next steps. We had no idea it was going to blow up like this. But then it did, and due to the crazy demand we have had to go through a complete rebranding, upgrading both the logo, website, team and roadmap. +That’s not all though. We are in the process of creating our DAO where the community will control the process while also offering NFTs and even do some charity raising efforts. + +It has only been live for less than 3 days, in this time there has been minimal marketing. Only from the hard work put in by the community. + +Within 48 hrs we were listed on Blockfolio. We were accepted onto Coinmarketcap literally a few hours ago. And Coingecko is currently reviewing us. 🚀🚀 + +We have around 2000 account holders, a market cap of nearly 15m, and a trading volume of just under a million. Unbelievable figures for a minimally marketed coin. + +But the best thing about this coin is the community. As you are all aware, the success of a meme coin is directly linked to the strength of the community. And oh my, you won't find a friendlier, fun, more hard working and exciting community. As well as a group of full on diamond hands and apes 💎💎 Move along paper hands 🧻🧻 + +NCAT has solely been created with the community and Hodlers in mind. Every transaction has a 9% fee..doesn't sound great does it!? Wrong! With that 9% fee, 5% goes straight into locked liquidity. And the other 4% gets redistributed between all the Hodlers. So every time anyone sells, or a whale dumps..we get rewarded in NCAT tokens! + +So by simply Hodling NCAT, your also staking! This is called frictionless rewards. + +What this also means is that it prevents people from selling at highs and buying in dips to make a quick profit. Because they will be paying 18% in transaction fees altogether for this, and they'll miss out on the frictionless rewards. 🤑🤑 + +So, what's on the horizon for NCAT you ask? Well since the unbelievable start we thought we'd never had, we have had to rejiggle a few things. Re-branding as mentioned. But as a community driven token, we will be transitioning into DAO, which will happen in the next few days. And offering spcial nft's + +Wait, there's more! We have renounced ownership of the contract! This is purely to put trust and faith in the community that we won't be pulling any sort of rug from under them. So you have no risk, whatsoever, of the devs running off with all your monies. + +Oh yeah, I'm sure you heard about the big whale who single handily saved safemoon coin from destruction by burning half of his holdings? Well he was one of the initial investors in this project! So we have the legendary whale himself with us. As well as other diamond whales who enjoy burning a few trillion coins a day. + +I will link to the safemoon whale's ethscan here so you can check his accounts for yourself (He still has his safemoon coins btw) + +See ya on Mars 👨‍🚀👨‍🚀👨‍🚀 + +📜 Contract Renounced: [https://bscscan.com/tx/0xcb72aa0c0776ce40ab2b22fea8888b77244465d4f4cf29f7d2ac501be89d211e](https://bscscan.com/tx/0xcb72aa0c0776ce40ab2b22fea8888b77244465d4f4cf29f7d2ac501be89d211e) + +🚀BUY Here!: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x0cf011a946f23a03ceff92a4632d5f9288c6c70d](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x0cf011a946f23a03ceff92a4632d5f9288c6c70d) + +💙How-To-Buy Guide: [https://ncattoken.medium.com/so-you-wanna-buy-some-ncat-a-step-by-step-guide-c06475980f7c](https://ncattoken.medium.com/so-you-wanna-buy-some-ncat-a-step-by-step-guide-c06475980f7c) + +📈CHART: [https://goswapp-bsc.web.app/0x0cF011A946f23a03CeFF92A4632d5f9288c6C70D](https://goswapp-bsc.web.app/0x0cF011A946f23a03CeFF92A4632d5f9288c6C70D) + +🕸️Website: [https://ncat.fun/](https://ncat.fun/) + +📜Contract: 0x0cf011a946f23a03ceff92a4632d5f9288c6c70d + +🐱TELEGRAM GROUP: [https://t.me/ncattoken](https://t.me/ncattoken) + +🐱Announcement channel: [https://t.me/ncattokenannouncements](https://t.me/ncattokenannouncements) + +✨NCAT Twitter: [https://twitter.com/ncattoken](https://twitter.com/ncattoken) + +📗NCAT Medium: [ncattoken.medium.com](https://ncattoken.medium.com) + +🎶NCAT TikTok: [https://vm.tiktok.com/ZSJ2NJ9qB/](https://vm.tiktok.com/ZSJ2NJ9qB/) + +[https://vm.tiktok.com/ZSJ2Lnrcy/](https://vm.tiktok.com/ZSJ2Lnrcy/) + +📺NCAT BY YOUTUBER: [https://www.youtube.com/watch?v=EneI7jEeQok](https://www.youtube.com/watch?v=EneI7jEeQok) + +🔓LIQUIDITY LOCK: [https://unicrypt.network/amm/pancake/pair/0x25fa6319F878f328FD9095d171e82D592c94c624](https://unicrypt.network/amm/pancake/pair/0x25fa6319F878f328FD9095d171e82D592c94c624) + +🔥 16.18 TRILLION BURNED SUPPLY HERE - BURN WALLET: [https://bscscan.com/token/0x0cf011a946f23a03ceff92a4632d5f9288c6c70d?a=0x0000000000000000000000000000000000000001](https://bscscan.com/token/0x0cf011a946f23a03ceff92a4632d5f9288c6c70d?a=0x0000000000000000000000000000000000000001) + +SAFEMOON COIN WHALE (NOW NCAT ALSO) [Address 0x86B695aaa2600668CEC754C7827357626B188054 | BscScan](https://www.bscscan.com/address/0x86B695aaa2600668CEC754C7827357626B188054) +HARARE – Zimbabwe gas project moves another notch as the Australian exploration company Invictus Energy Limited on Friday revealed the seismic campaign preparations as going well. + +The story goes on to say the Government had since signed a petroleum exploration development and production agreement (PEDPA) with Geo Associates under the visionary stewardship of President Mnangagwa. + +[Zimbabwe Muzarabani gas project moves a notch as heavy equipment heads Zimbabwe from ...](https://www.google.com/url?rct=j&sa=t&url=https://www.thezimbabwemail.com/main/zimbabwe-muzarabani-gas-project-moves-a-notch-as-heavy-equipment-heads-zimbabwe-from-australia/&ct=ga&cd=CAEYACoUMTY0OTQ4Nzg5NTM5MTYyMjkzNTgyHTFlMGEzYjI1YzMxOWE1ZmY6Y29tLmF1OmVuOkFV&usg=AFQjCNF8tQZ_Cnuq8fwNjQtnB-bR2tG-wQ) + +The Zimbabwe Mail + +$**IVZ** u/energy_invictus seismic campaign preparations going well. 5 Polaris ... **Invictus Energy** Ltd (@energy\_invictus) June 4, 2021. The AGM, which ... +Looks like an interesting episode. + +“On Monday Four Corners investigates the new critical minerals mining boom and finds Australia is in the box seat to exploit a surge in worldwide demand.” + +Digging In, reported by Angus Grigg, goes to air on Monday 9th May at 8.30pm. It is replayed on Tuesday 10th May at 11.00pm and Wednesday 11th at 10am. It can also be seen on ABC NEWS channel on Saturday at 8.10pm AEST, ABC iview and at abc.net.au/4corners. +So I've been wanting to look at what options are out there on the ASX for stocks that are "ethical / eco-friendly" seeing that: + +A) that seems to be the way things are trending long term, and + +B) thought I might try balance out my portfolio a bit seeing 90% of it consists of companies that are raping the earth (basically if there is a metal that can be mined, I own it). + +Plus I see people asking about it on here every now and then, so I scoured the ASX and came away with a Watchlist of companies that fit the bill. + +Some are shit, some are legit, but here they are if you're interested... (note I'm not including lithium miners in here because there's 10 billion of them and they're all spammed to death on here daily)... + +* **AEF** \- 1-year gain: 31.73% - super fund that invest in environmental and ethical shit that you can invest in directly as a stock. They spam me everywhere I go on the internet with animated banners, so they're at least willing to spend cash on marketing. Probably very overpriced, 58 P/E ratio? +* **BLG** \- 1-year gain: -11.53% - a penny that produces cells for solar and LEDs. They use a lot of advanced buzzwords like "Remote Plasma Chemical Vapour Deposition technology" that reminds me of Brainchip somehow. Tech sounds interesting but fuck all revenue and probably a dog stock. +* **MCY** \- 1-year gain: 20.76% - Kiwi company that runs a bunch of hydro and other renewable energy. Have been looking at this for a while, but returns aren't amazing and seems like money could be better used elsewhere. Also probably overpriced, legit company though and wouldn't be surprised if international interest in the renewables binge leads to a buyout in a few years. +* **MEZ** \- 1-year gain: 33.26% - another NZ company, generates power from wind/solar/hydro. Looks verrrry overpriced, but decent gains compared to the rest of the sector. +* **MPR** \- 1-year gain: 170.83% - can someone smarter than me please tell me what is going on with this stock? Commsec shows no trading volume, yet their price keeps going up... what am I missing? Oh, they're a company that builds solar battery storage. Wouldn't mind buying in if someone knows what's going on there? +* **NEW** \- 1-year gain: -37.31% - they invest in solar plants, and that apparently makes their share price go down. Ok. High dividend yield though! +* **PPY** \- 1-year gain: 183.33% - I remember this being memed on here a while back; has rocketed in the past. They turn banana tree trunks into wood products, which is kind of cool. Anyone a holder? +* **RNE** \- 1-year gain: 43.48% - tiny market cap penny which must deliver their "clean energy products and services" to about 10 people. Their whole company description sounds like dressed-up sales spiel. +* **ROO** \- 1-year gain: -32.14% - another penny that... cools down the roots of vegetables and shit? Seems useful if you believe global warming will hit sooner rather than later, not a money maker though. +* **SGM** \- 1-year gain: 11.13% - the big boy of the group, I only put them in here because they recycle tons of shit, particularly computer parts, and everyone uses computers, so... +* **TLT** \- 1-year gain: 62.53% - disclaimer: I own this stock, and it's been one of my best performers; they own a bunch of wind farms and develop solar. They're looking like they're about to be bought out though, which sucks as I wanted to hold onto them for at least a few more years... +* **VMT** \- 1-year gain: 72.73% - they make electric scooters, and apparently 2020 has been a good year for electric scooters? + +that's about all I've been able to find, and this was long enough anyway... if anyone's got any other good ones, post up and we can at least waste our money on trying and failing to save the planet <3 +I don't know if it's just because profile photos are attached to their posts or if they are actually just dumb as fuck + +For some reason even though you're all retards over here you still sound 100x smarter +So I'm 22 and I while I'm doing my masters in counselling psychology, I also teach violin to a single kid making me 500 bucks a month. Is thinking about investing it stupid? + +Is it too small a sum to matter? I will obviously increase the amount invested once I start earning but for now, does it make any sense to be thinking about putting 500 into a PPF or mutual funds every month? + +I feel like there has to be a way to invest it instead of just buying random stuff from amazon every month. + + +Suggestions? +I FIRED at 45, three years ago. + +I was worried I had pulled the trigger at the wrong time but now I think I was lucky. Watching the job market from the outside has been interesting. The closing of offices, the great resignation, ect. + +I’m a bit amused when I drive by where I used to work. The place is a ghost town. Its funny because before I left they were spending a fortune trying to clear out building space. Now most everyone is WFH. I’m so glad I don’t have to work via Zoom but I understand the preference to in office work.. + +Heath is still better than when I was working, though I have gained some weight back. I now spend time every week exercising so my endurance is up. I did get Covid-19 at the beginning of the year. That was unpleasant. It hit hard but I believe it my case was mild overall thanks to my vaccination status. I was mostly over it in about 2 weeks. + +I still hope to be able travel at some point in the future, if things ever calm down. Thanks to my exercising I should be able to do some tours and some hiking without getting to exhausted to enjoy it. I have more work to do but progress is happening. + +On the financial front things are ok but not great. + +My current net worth is approx. 2.1 million. + +However a lot of that is house appreciation. This may be a problem as I live in one of the fastest growing areas in the country. The county says the value of my little house increased by +50% in a year. + +I have a homestead exemption on it so my taxes can only raise 10% a year but still that means my taxes will double every 7 years. If this continues I may have to sell it at some point. I really like the area so I would have to put serious thought into relocation. + +This year has been rough on my stocks. I’m down almost 150k since the beginning of the year. However at the end of last year I was up over 227k from the previous, so I’m still up over all. Its kind of crazy as the monthly fluctuation can be more than my yearly spending! + +I’m trying to keep my expenses at about or below 3.5% \[minus house value\] and have managed to so far. Last year my expenses stayed at about 32k. This year may be higher because of repairs after weather damage to my home. I will tell you its no fun being in the middle of a tornado! I’m well insured and got lucky with fairly minimal damage. Just some roof and fence repairs needed on the home and body work on the car. + +I haven't had to sell any stock yet. I did pull from one of my saving / annuity accounts. I’m not sure what I will do next year as I worry about what selling some stock will do for my taxable income. + +I have a few large projects I want to do \[one of which is to build a workshop\] that may cost 25-30k. I just have trouble pulling the trigger since it will blow my yearly budget and its for fun, meaning no predicted return on investment. + +Heath insurance is still a problem. I can manage on the market but its such a pain. It really is set up for you to try and predict the future and what kind of income you will have. I had one incident in the last year where I had to use an ambulance and the ride was over a grand. I can deal with that but so many people just cant. I also found out that there is no such thing as “in network” ambulance service in my area. The US heath care system is just broken. + +So I have survived the year. The world has gotten crazier. But FIRE status is a big help in the day to day stress. I have the time and freedom to do what I need to and focus on things closer to home. +[https://investor.gamestop.com/news-releases/news-release-details/gamestop-reports-financial-results-q2-2021](https://investor.gamestop.com/news-releases/news-release-details/gamestop-reports-financial-results-q2-2021) + +EDIT: Look at the AH stock movement :D Those clowns. So glad it's so simple to hodl. 🚀 🚀 🚀 🚀 + +**SECOND QUARTER OVERVIEW** + +* Generated net sales of $1.183 billion, compared to $942 million in the prior year’s second quarter. +* Ended the period with cash and restricted cash of $1.78 billion. +* Ended the period with no long-term debt, other than a $47.5 million low-interest loan associated with the French government’s pandemic response. +* Invested in long-term growth initiatives that include expanding the Company’s product catalog, enhancing its fulfillment network capabilities and technology, and adding talent across the organization. +* Entered into a lease of a new 530,000 square foot fulfillment center in Reno, Nevada, positioning the Company’s fulfillment network to span both coasts of the continental U.S. +* Entered into a lease of a new customer care center in Pembroke Pines, Florida and started building out U.S.-based customer care operations. + +&#x200B; + +Niiiiiiiiiiiiiice :) +Hello! + +First time posting yada yada... + +Here's the link to the sheet: https://docs.google.com/spreadsheets/d/1eUzVIX7V36MLnB4AESlV0Vd-bUHxO87JYTNQzJTHt4o/edit?usp=sharing + +You'll have to make a copy of it in your drive in order to make changes. Only edit the fields in yellow that are in the middle. + +In the example that's on there, an individual has $60,000 in a loan (perhaps a student loan) with 6% interest and a 20 year term. + +By making a lump sum payment of $6000 they have in a savings account from working throughout college, and then deciding to put another $150 towards their loan each month, the sheet gives you a summary of what you'd be saving in this scenario. + +In this case: - Saving ~$20,000 in interest - Paying off their loan in 11.8 years instead of 20. + +This is a pretty primitive sheet that isn't really programmed to fit every conceivable situation. It's also not the most user friendly if you aren't familiar with using spreadsheets. + +I'd love to hear if it helps you in any way, or what you think could be done to make it more user-friendly and intuitive. + +I know this sub is drastically more savvy than most people, but I'm trying to spend some time while I'm unemployed to build some tools to help young people get a handle on their finances and build good habits. + +EDIT: +v.2 In progress: https://docs.google.com/spreadsheets/d/1mH6ByC0XkewRX5KFzh9afEUYZqQqZzeExu4ebLZDbA4/edit?usp=sharing +I spoke to a nice rep today about my cost basis issue, since they're so totally wrong. + +I didn't even start buying shares until January, but not only that, the amounts paid are out of this world and the shares purchased are largely fractional. + +He said that the prices and dates reflect the price and date I acquired them, which I know is incorrect and I have the receipts to prove it. He said I need to reach to RH to have it corrected. I said, "Oh, so since RH's customer service is complete garbage, is there any way I can have Vanguard fix it if I have my statements?" and he said while giggling at my RH remark that I'd need to contact the IRS. + +This is fraud. + +[Note the .9066 shares purchased on 1\/18 at $631.06\/share!](https://preview.redd.it/wpbd9gqiib071.png?width=657&format=png&auto=webp&s=f4e626fbe0d937d23529cf8d53253b1c4979f2d5) + +&#x200B; + +EDIT: For those asking, I only sold one share as a mistake and immediately bought it back, as you can see in the below image. I'm an accidental paperhands :( The loss is also minimal and wouldn't account for the huge price differences of the share cost or the dates. I didn't even have an account until January, so December would be impossible. Regardless, the dates largely do not line up with either the purchase date or settlement date and it's missing a bunch in late February/early March. Additionally, the majority of my shares were purchased as full shares, not the fractionals that it's showing here. + +&#x200B; + + + +[I tried to buy buy the same $ amount, so that's why it's fractional](https://preview.redd.it/0ekj4wc48g071.png?width=1858&format=png&auto=webp&s=71aa2ec38d07095e29f84d3a6a0dcb3478c68365) +&#x200B; + +https://preview.redd.it/tda05yey0p681.png?width=1167&format=png&auto=webp&s=5e0ea3f82a418f3c94aeac6c81a589c2973bebe9 + +[So good ol' Thomas Tuberville's got some puts and they're pretty extreme.](https://sec.report/Senate-Stock-Disclosures/Tuberville/Thomas+H/Trades) This man thinks that Microsoft will go down by \~35% and Apple will go down by \~40% (he thinks Ford and Adobe will be dipping too, but like 5% to 10%ish). But the market is doing just fine, guys, nothing to see here. + +Edit: Anybody know about other senators having similar puts? Might be significant if so +Fellow Bitcoiners, doubters, supporters, lend me your ears. + +We've been here before. +Many times in fact. Peer through our history and you'll see that the [value of a bitcoin has fluctuated many times in the past.](http://i.imgur.com/E0jriM7.jpg) And that's okay. + +By design, Bitcoins are meant to be scarce. The hard limit of 21 million and controlled process of minting makes it so that [we can predict inflation over time.](http://www.mattwhitlock.com/Bitcoin%20Inflation.png) This means the bitcoin won't be diluted by a central authority printing more of them. To a great extent, their worth is driven entirely by demand. + +What caused this most recent price rise? A variety of positive factors: + +* The block reward halving last December from 50 to 25 made bitcoin supply all the more scarce. + +* Demand could now comfortably outpace supply, the price grew. + +* Companies became heavily delayed in the development ASIC products, thus far unable to release them en-mass. Bitcoin's largest market of miners invested directly in the currency rather than machinery. + +* Companies involved with bitcoin began [posting positive profits](http://arstechnica.com/business/2013/01/bitcoin-based-casino-rakes-in-over-500000-profit-in-six-months/) early in the year. Bitcoin caught on with merchants & investors alike. + +* Bitcoins became accepted as a form of payment by [many companies,](https://en.bitcoin.it/wiki/Trade) further increasing their utility and value. + +* FinCen regulations were seen as the first step towards legitimacy, International events such as Cyprus were heavily reported in the media, and contributed to an atmosphere of distrust in fiat. + +Most importantly though, Bitcoin once again got caught up in a cycle that any scarce commodity can experience. The scarcity means we're actually prone to experience rapid spikes in value, much the the same way that inflation can rapidly devalue a currency. + +But it's a cycle that can't continue indefinitely, and that's okay. We're in a free market system, for all the good and bad that comes with it these are expansions and contractions that must occur as bitcoin moves forward. The 21 million cap means that BTC is designed to be a very high valued currency someday. If a mere 1% of the world's GDP were poured into it, (690 billion) then each bitcoin would be worth roughly $32,000. But I can't stress this enough: **this is only the 2nd reward era, 3600 BTC are still being made each day, and it will be a long time before scarcity can sustain those high values.** + +What's going to happen now is that the market will search for an equilibrium value between the amount of BTC mined each day and the demand for it. Bitcoin is absolutely prone to overshoot this value, and then come back down in a correction. Given that demand (and confidence) in bitcoin is constantly changing, this is difficult to predict. What I can tell you is that which each new block halving every 4 years, bitcoin will become more and more scarce, further sustaining its ability to hold value. + +This is not the worst correction we've ever endured either. June 2011 saw the peak of a 33-fold rise in value, followed by a 16-fold drop in the following months. Confidence will wane and wax. Demand will rise and fall, but bitcoin will endure. I have full trust in the blockchain itself as a stable entity. It's the 3rd party services built around bitcoin that sometimes falter. We're still stumbling around in the early days as the kinks are worked out and this vehicle is built into a massively capable and useful technology. [The innovations to improve security, escrow, and trust](http://www.youtube.com/watch?v=mD4L7xDNCmA&list=WLB84DFF3E3B6A009E) will come all in due time. And you may participate in any way you wish. + +What is Bitcoin? It's an experiment, an idea, and a passion of many. +Don't make it out to be something its not. It is not a get rich quick scheme. It is potentially an investment but also a risky one. Advice is abound in this subreddit but remember that no one can perfectly predict the future, and know that you are always free to make decisions as you see fit. Be safe, be smart, and myself and other helpful members of this forum will always be around to assist in any way we can. + +Best regards +-Coastermonger +My wife and I have been married less than 2 years. I was debt free when we got engaged and she had car and school loans. She wanted to feel as though she paid those things off by herself since she brought them into the relationship and I didn’t want to take away any drive to pay off her debt. + +We agreed I would keep the bills paid and she would buy groceries and the rest of her money poured into the loans. We actually paid off the car loan before we got married and paid off the school loan this month, 1 yr and 10 months later. Now debt free except the house. + +We agree that I manage money far better than she does, and she trusts me to handle the finances at this time. We plan to combine/create a joint account. + +Any tips on budgeting a joint account differently than a personal budget? Allotments? categories? Warnings? Thanks +Your resident DD ape to rain on yet another parade! This post is a rebuttal to a post that was applying Benford’s Law against GME stock prices to raise some fraudulent flags. + +The DD can be found [here](https://www.reddit.com/r/Superstonk/comments/nnvmtj/benfords_law_test_shows_high_likelihood_of/?utm_source=share&utm_medium=web2x&context=3) by u/animasoul. It does a great job of explaining Benford’s Law, and how it has been applied from an accounting fraud perspective. I want to strongly emphasize that Benford’s is used as a red flag, as mentioned in their DD, which then indicates there might be some worth investigating the potential fraud further. + +The law does not exactly have definitive proof of why it works (much like Zipf’s Law as well), please read their DD for an introduction to the topic, below I'll give an explanation of **why** Benford’s Law makes sense though. + +^(Noting, there are other more complex ways to explain why, namely chopping up the distribution of a logarithm (combining is by chopping it up it evens out and represents a uniform distribution, which is what Benford’s law generally applies to best).) + +# Why it Works + +Apes like money, so let’s roll with that, shall we. + +Ape has **$5k**, ape want **$6k**. That’s a 20% increase in value. + +Ape now has **$6k**, ape now want **$7k**. That’s a 16.6% increase in value. + +We can extrapolate further, but these are all we need. The “effort”, if you will, to increase from $5k to $6k is more than is needed from $6k to $7k. As such, you’ll spend “more time” at the lower digits as a result. You can flip this around too and fix the time it takes to double your money. This will result in exponential growth (doubling every, say, week) - time spent at the leading digit will then be roughly logarithmic (Read small text for reference on what that matters). + +^(Bit of a math side note after you read the small text, specifically relating to how Benford's Law works - it works best across many orders of magnitude for a uniform distribution. Meaning equal datapoints of magnitude 10\^0, 10\^1, 10\^2, etc... which is what we can loosely say is an exponential process (this goes back to the second point in the paragraph above)) + +# Orders of Magnitude are just not There + +The use of stock prices and Benford’s Law can be *debunked* pretty easily, and it comes down to [orders of magnitude](https://en.wikipedia.org/wiki/Order_of_magnitude). Benford’s Law can be applied to stock prices, but not a single stock price alone (at least, within such a short time span of 6 months to detect fraud). It’s not hard to imagine that 500 stocks can span several orders of magnitude, and as such, when aggregated and compared to Benford’s Law, it holds true. + +&#x200B; + +[I wrote a script that pulled daily data from Yahoo Finance \(Jan-2021 to May-2021\) and dumped it into Google Sheet, lemme know if you want the code.](https://preview.redd.it/atlb9wlz17271.png?width=693&format=png&auto=webp&s=2d8162dc52cf00977dc36805c3a43b80c84d5068) + +&#x200B; + +[Volume instead of stock prices](https://preview.redd.it/uglzywu127271.png?width=677&format=png&auto=webp&s=364ab8813e0b98e9f0f6d76c9ad4c40679ca3ce0) + +The same can also be said for volume. So why does this not work on an individual stock level? + +Let’s check out the standard deviation of the S&P 500 first digit distribution for both volume and stock prices. + +&#x200B; + +https://preview.redd.it/v8c1pud427271.png?width=602&format=png&auto=webp&s=1a6032e9f1cbbb9e0dda164bd3b92c15ce945d80 + +As we can note for stock prices, there’s a huge deviation. And it’s obvious once you look at the screenshot below for stock prices in particular. + +&#x200B; + +[Stock Specific First Digit Distributions for Stock Price](https://preview.redd.it/n0c7wpd627271.png?width=1387&format=png&auto=webp&s=d39b00db86c30ad4a58706ae47c9d80f6104e90a) + +They are very much bound to a specific stock price range which is derived through various psychological means from investors valuing that stock. This shows that individual stock prices do not span many orders of magnitudes, and in the eyes of Benford’s Law, is not accurate due to this . + +Volume has a lower standard deviation, as we can expect because it’s not hard to imagine that it’s easier for it to span orders of magnitude. But still suffers the same fate as stock prices due to being anchored by the float, among other reasons. + +# Conclusion + +So yes, you can use it when aggregating many stocks, but not for individual stocks in a short time span of 5 months, as it does not meet the order of magnitude logic\*. + +GME is being manipulated, it’s been shown many a time before - so just because Benford’s Law doesn’t work - no big deal. + +^(\*Noting, that if you use a wider historical length, you may satisfy this behavior of Benford’s Law as you have a better chance of witnessing "more orders of magnitude". But applying a small timespan e.g. when GME has been actively manipulated against it does not work for “fraud” detection due to the above.) + +^(\*\*Another note, I would have bothered with some stats tests, but I'm lazy. The last screenshot says it all from an observational perspective and from an S&P 500 perspective, sample size is more than sufficient (500 stocks \* 100+days).) + +I welcome your thoughts on the matter, interested to see if there are any counterarguments to this. + +Edit: Just wanted to emphasize that u/animasoul did a great write-up regardless! Thanks for testing the law in the first place 😊 + +Edit: Updated some wording to clarify Benford's Law and orders of magnitude. + +Edit: Had a decent amount asking for the code, here it is. It's got not exceptions, so it'll break if you include a ticker symbol in *ticker\_ls* that yahoo finance API cannot find. It's also pretty slow. Wrote it in a few minutes, feel free to jazz it up. + + import pandas as pd + import pandas_datareader as pdr + + df = pdr.get_data_yahoo('GME', start="2021-01-01", end="2021-05-30") + df.reset_index(inplace=True) + df = df[['Date','Close']] + df = df.rename(columns={"Date": "Date", "Close": 'GME'}) + + for ticker in ticker_ls: + ticker_df = pdr.get_data_yahoo(ticker, start="2021-01-01", end="2021-05-30") + ticker_df.reset_index(inplace=True) + ticker_df = pd.DataFrame(ticker_df['Close']) + ticker_df = ticker_df.rename(columns={"Close": ticker}) + df = pd.concat([df, ticker_df], axis=1) + print("Finished "+str(ticker)) +**This is to be honest the best news since the DIDI fiasco and all the news of many Chinese companies pulling their IPOs from the US market. Speculation of delisting of existing companies was ripe. But I guess China doesn't really want to kill their tech going IPO here as long as they follow all the rules that the govt lays down on them** + +China will continue to allow Chinese companies to go public in the U.S. as long as they meet listing requirements, China’s securities regulator told brokerages late Wednesday, according to a source familiar with the matter. + +A series of regulatory actions in the last few weeks has heightened investor concerns that Beijing is trying to block foreign capital flows into Chinese assets. + +The cross-border stock listings can also occur using the variable interest entity structure, the source said, citing the regulator. It refers to a legal structure which allows international investors to access shares of Chinese companies in the U.S. + +The regulator recognized the structure is a vital way for companies to attract foreign capital, but said it would have to be adjusted if there were national security concerns, said the source, who requested anonymity due to the sensitivity of the matter. + +China Securities Regulatory Commission Vice Chairman Fang Xinghai held a virtual meeting with major investment banks on Wednesday, the source said. It followed days of sharp selling in Chinese stocks on fears of increased regulatory crackdown by Beijing. + +Bloomberg first reported news of the meeting. + +Chinese stocks listed in Asia and the U.S. — including big names like Alibaba and Tencent — plunged in the last several days as Chinese authorities increased scrutiny on tech companies over monopolistic practices and data security. + +A policy document that began circulating widely Friday called for Chinese after-school tutoring companies to become non-profits, sending the stocks plunging by double-digits in Hong Kong and the U.S. + +The policy specifically banned tutoring companies from raising money through the stock market or having foreign investors, particularly through the variable interest entity legal structure that allows international investors to access Chinese shares. + +The speed and breadth of the policy surprised many. Goldman Sachs on Monday downgraded Chinese education stocks on expectations the after-school tutoring market would “shrink significantly” — to less than one-fourth its current $106 billion size. + +However, **the securities commission’s Fang said the policy was intended to reduce the burden on parents — not shut off foreign investment — and the education companies will have as much time as needed to restructure, according to the source**. + +The securities regulator did not immediately respond to a CNBC request for comment. + +https://www.cnbc.com/2021/07/29/china-to-still-allow-ipos-in-the-us-securities-regulator-csrc-says.html +Most people here seem to make their fortunes the slow and steady way - usually a decade or two of investing in index funds while having a high income. + +&#x200B; + +But has anyone fatFIREd after a large, sudden windfall of cash? + +How did you deal with friends/family, anxiety and the sudden lifestyle change? + +Any interesting stories to share? Or even boring stories that someone could learn from? + +&#x200B; + +(explanation of sudden wealth syndrome: [https://www.investopedia.com/terms/s/suddenwealthsyndrome.asp](https://www.investopedia.com/terms/s/suddenwealthsyndrome.asp) ) +EDIT: Given the positive response, I'm considering turning this into a series of educational posts that will clarify some market mechanics and instruments where there are common misconceptions prevalent in the community. I am opening my DMs for suggestions, so slide on in. + +_______ + + +I have noticed lately misunderstandings around margin debt and the dreaded MARGIN CALL. So, I wanted to break down the basics as I understand them. Also I want to offer some insight into the psychology behind lending, margin debt, and most importantly why we haven't seen liquidations of the firms with high short open interest. + + +______ + + +Let's start by defining the relationships between leverage, collateral, and margin debt. + +When one seeks margin, they are leveraging their assets as collateral toward margin debt. + +For, example if I have 20 shares of $GME trading around $1,000 (post-MOASS). I have $20,000 in assets that I can **leverage** to gain more money, or **margin**. I then apply for a margin agreement with a lender, and they say "I see you have $20,000 we will accept that as **collateral** for margin up to $10,000. + +I immediately invest that in $DFVAL, Not a Cat Company. I now "have" $30,000 in assets. $10,000 of which is held in margin, which means I bought that with my lender's money. In other words I'm leveraged 0.5x, if $DFVAL goes 2x I can exit that position to realize the gains at which point I am holding nothing in margin if I pay the $10,000 in margin debt, I now have $30,000. + +Some of you may be saying, no you don't you didn't factor in interest. That's exactly right you damned fine wrinkly brained 🦍! In fact, that's the crux of the crux of points I'll be making later. + + +_______ + + +In the example above, I am not overleveraged. Let's say now I have $100,000,000 in assets. Now that I am a 🐳 whale 🐳, a lender might say, "hey you're not going to lose all my money. look at how good you are with money, here's $200M." Now I am now leveraged 2x my collateral of $100M. Now, I take that $200M and I short $GME at $1,000. Now I'm a 🌈 🐻. + +Ryan Cohen tweets: "🐸🍦🪐" + +$GME is trading at $2,000. + +I have $300M in Cash and Margin allowance. I owe the share lender 100k shares of $GME. How do I get those shares? I buy them back to cover my short position. But wait it's trading at twice the price I shorted!? + +Let's do some quick maths, I borrowed 200,000 shares that I sold short. It now costs me $400M to buy the shares that I need to return my share lender. I only have $300M, check my math on this, but $400M > $300M, I cannot cover. Now my margin lender holds a bag filled to the brim with $100M of my idiocy. + +😱 **MARGIN CALL** 😱 + + +______ + + +What is a Margin Call? + +A margin call is **not** (necessarily) the notification about seizing assets to liquidate. Instead, a Margin Call is the notification that you must reconcile your collateralized assets what is held in margin, or the lender will begin to liquidate the assets for you. + +Generally, a margin agreement gives between 2 and 5 days to reconcile collateral with margin. However, if you do not meet margin requirements by the 2-5 period, you lose that autonomy. + +Now the big problem is when a HF is not able to meet the demands of the margin call. Hopefully, the hedgie knows when hedgie is fukt. At this point, the lender decides to either increase the margin allowances or liquidate the HF's assets. + +To liquidate a HF's assets when they are in the red means losses are realized. The incentive to liquidate is to stop the hemorrhaging. If the HF believes the exposure to loss potential will out weigh... the interest on the loan. + + +That's right, margin debt isn't free, you have to pay interest on what you use. That means there is huge incentive to increase the margin allowances to increase the interest payments. It's an easy decision, the incentive to increase interest payments is better than realizing losses... After all, maybe they can dig themselves out of the hole....🤣😆🤡 + +______ + + +🎉 FUN FACT 🎉: there are reports of HF firms being 23x leveraged. + +How does a HF become so over leveraged? I don't know it's supposed to be regulated, but that's not really something I want to get into here (see Duke University's article linked below). + + +The point I want to investigate now is the psychology of a margin call. There's some interesting stuff happening on both ends of the line. + +The lender sets an interest rate on what they loan for margin. The lender then stands to gain more by loaning as much as they're able. So, when a margin call happens I imagine it going something like: + +Lender: "We're calling in regards to your account... Wtf?" + +Shitadel, Mel, BulgariaDude: "Hehe, I'm le sorry" + +Lender: "but seriously we're going to have to take some action" + +S, M, B: "That's fine I totally understand, have you thought about giving us more money. We can use that to fix things, is that cool?" + +Lender: "Now that's an interesting idea, do you pinky swear that you'll get the money back?" + +S, M, B: "Yes, sir or madam I do" + +Lender: "ok if we go from 2x to 3x that just waives the liquidation, what if we go 4x and say raise the interest rate from 4% to 5%" + +S, M, B: "sounds like a plan" -click- + + +This allows the shorts to buy time and that's all it does. They're sure they'll be able to recover, they always have been able to make it work in the past. The lender sees that past performance and let's it confirm their bias that the funds will get their groove back. It's the hot hand fallacy. + +For the borrowers, they have no choice. Whether or not they're self-aware enough to know how deep they have dug their hole is irrelevant. At this point they're gambling with other's money. The best course of action seems to be to use the new money to try to turn the infinite loss into gain. Turning the loss into a win would give them the most payout. + +Therefore, both sides are trying to avoid the liquidation. The lender sees increased interest revenue, and the borrower sees an opportunity to recover (with even more margin capital than they had before). + +______ + + +🎉 FUN FACT 🎉: Margin Debt is up to ~~$802B~~ $822B + +At an interest rate of 4%, that's a lot of incentive to avoid liquidations. + + +_______ + + +https://sites.law.duke.edu/thefinregblog/2017/01/26/do-hedge-funds-threaten-financial-stability/ + + +https://www.advisorperspectives.com/dshort/updates/2021/04/19/margin-debt-and-the-market-up-another-1-1-in-march-continues-record-trend + + +EDIT: adding another source on margin debt. + +https://markets.businessinsider.com/news/stocks/finra-margin-debt-hit-another-record-march-topping-822-billion-2021-4-1030330216 + +EDIT: + + +TL; DR (by popular request): Margin debt is out of control, and there's less incentive to liquidate than to lend more on margin. +So I’m at a crossroads. I’m basically ready to buy my first property/investment but I’m not sure if to go now or wait it out to see what the market and general economy does? Obviously you can’t time the market and this would be a long term hold investment, but I don’t want to sign up for a big investment if the property and economic world is about turn upside down. e.g what I’m thinking through is, if I wait for the market to come down further, I’m also letting interest rates go up and my borrowing capacity go down, so where’s the equilibrium. + +For context, I’m looking at buying an apartment in north syd, live in first 6 months to avoid stamp duty then rent out for 1-2 years before moving in myself. +Guten Tag to this global band of Apes! 👋🦍 + +I love seeing the healthy discussion among this community about the DD, and how solid the foundation behind our investment choice is. I love that Apes feel comfortable sharing opinions that, at one time, would have led to an immense downvote brigade and accusations of FUD, when the underlying idea of their viewpoint is an entirely valid idea that many of us have had. It is a very healthy exercise to share challenging ideas and have an open discussion about those ideas. It helps us to strengthen our foundation, and that growth is the reason that so many of us are here after nearly a year since The Sneeze. + +As we look toward that anniversary, there are many expectations for what this month will bring, which of course means that there will be incredible pressure on the SHFs to ensure that our brightest hopes for this month are diminished. There are no guarantees of what this month will bring. That said, I feel that we have an opportunity in front of us to break the SHF control of the price, purely through the power of Buy, DRS, HODL, Repeat. + +Today is Wednesday, January 5th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$148.87 / 131,99 €** *(volume: 422)* +- 🟩 115 minutes in: $148.74 / 131,88 € *(volume: 369)* +- 🟩 110 minutes in: $148.67 / 131,81 € *(volume: 366)* +- 🟩 105 minutes in: $148.54 / 131,70 € *(volume: 363)* +- ⬜ 100 minutes in: $148.42 / 131,59 € *(volume: 354)* +- 🟥 95 minutes in: $148.42 / 131,59 € *(volume: 352)* +- ⬜ 90 minutes in: $148.46 / 131,62 € *(volume: 352)* +- 🟥 85 minutes in: $148.46 / 131,62 € *(volume: 346)* +- 🟥 80 minutes in: $148.54 / 131,70 € *(volume: 317)* +- 🟩 75 minutes in: $148.57 / 131,73 € *(volume: 317)* +- 🟥 70 minutes in: $148.52 / 131,68 € *(volume: 308)* +- 🟩 65 minutes in: $148.57 / 131,73 € *(volume: 193)* +- ⬜ 60 minutes in: $148.57 / 131,72 € *(volume: 159)* +- 🟩 55 minutes in: $148.57 / 131,72 € *(volume: 119)* +- 🟩 50 minutes in: $148.54 / 131,70 € *(volume: 118)* +- 🟩 45 minutes in: $148.46 / 131,62 € *(volume: 88)* +- 🟥 40 minutes in: $148.45 / 131,61 € *(volume: 76)* +- 🟩 35 minutes in: $148.47 / 131,64 € *(volume: 48)* +- 🟥 30 minutes in: $148.42 / 131,59 € *(volume: 48)* +- 🟥 25 minutes in: $148.43 / 131,60 € *(volume: 47)* +- 🟩 20 minutes in: $148.47 / 131,64 € *(volume: 44)* +- ⬜ 15 minutes in: $148.46 / 131,62 € *(volume: 39)* +- 🟩 10 minutes in: $148.46 / 131,62 € *(volume: 27)* +- ⬜ 5 minutes in: $148.40 / 131,57 € *(volume: 25)* +- 🟥 0 minutes in: $148.40 / 131,57 € *(volume: 25)* +- 🟩 US close price: $148.91 / 132,02 € *($147.60 / 130,86 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1279. 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! +A relative died and left me boxes and boxes of US mint silver coins and some gold coins ranging from the 1960s->2000s. All of them unopened and in original packaging/storage. + +I have no idea what to do with them or if they’re even worth anything. I’m not sure where to take them to even be appraised. Advice? +Tis the season! + +What organizations are you donating to and why? Money, time, other? + +How do you structure your charitable giving? + +How do you get kids & family involved in charitable efforts? + +Or feel free to add anything else. + +This year we will donate money to: + +* New Mexico Food Depot due to acute poverty and need in the area +* Multiple animal rescues we think do a great job +* ProPublica non-partisan journalism in the public interest, does an incredible job +* For children in family, everyone is getting a TBD animal "sponsor" type gift (eg adopt a gorilla etc) - let me know if you have any faves + +In terms of my other questions, we have been time poor this year and still settling in to our new city so a goal for next year is to find ways to be involved in good works, beyond money donations. + +We probably need to set up a more formal structure for giving, but I have a laundry list of tedious crap to get through before I tackle, and being in two countries adds to its complexity I think. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://redd.it/vp01of) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +So my parents want to send me to Paraguay to live with my uncle but I am gonna end up saying no because i’d rather live here homeless than there with a home. + +Anyways I currently make 11 dollars an hour at my current job, I have about 1,000 to my name, no car, a 3000 computer. My friend told me that I can work with him for $18 a hour and there is an apartment near his house that i can live in , it’s 1 bed 1 bath apartment near his house, it would be about 950 a month. My parents have not taught me anything about getting my first apartment like what I need, could you guys help me? +When my ex and I were together he took advantage of my good credit score to get himself a gaming computer. I was unaware he had done this until he had told me otherwise I wouldn't have agreed to it! the payments were being made under his name. Due to other reasons we broke up and he stopped paying for the computer, I was unaware of this as I never received any correspondence or letters from debt collectors (it would have come to me as it was under my address). + +My credit took a hit due to this and other reasons. I have been doing all I can to build it back up and now have it up to a 'Fair' score (On experian it sits at 725 out of 999). I paid to get a full report just to see what else I can do to raise my credit score and it was then I noticed that the account had defaulted and the last payments were made in 2016 and that there were at least 2 years left of payments to be made on this computer! + +I then went to contact the company and realised that they also no longer existed and were brought over by another retail finance company. I contacted that company but was told that I had to email from the email address that the account was under (my ex's) and it didn't matter that I had all the details and that it was under my name. + +I have no way of getting in touch with my ex as he has removed all social media and has moved back to his home country that's outside of the UK. + +Is there anything I can do? It's causing issues and I just want to get this sorted but the company literally wont let me. +I received a lump sum payout on my cover after a stroke I suffered in February. + +The sum covers my mortgage of £110,000 which I have 22 year’s remaining on. Currently in a fixed rate of 2.29% for a further two years. However, I’ve contacted the mortgage provider and they will waive the early repayment charges due to the nature of my payout. + +I’m still in full time employment despite the effects of the stroke and I am 38 years of age. + +My overriding thought is to pay my mortgage off outright as the psychological relief that should give really appeals to me. + +I’m just asking to see if anyone has any experience of a similar situation or offer any thoughts, for or against settling the mortgage. + +I never expected to be in this position so it’s all a lot to take in. Any advice will be most welcome +When posts titled "Now is when money is made" are getting hundreds of upvotes, now is not when money is made. When people still recognize the promise of crypto the price will continue to drop. Dca has no place in a true call of the bottom. + +When crypto is declared dead and nobody argues, that's a good time to buy. Sounds crazy but that's what capitulation is. Wait until you have resigned yourself to looking at your stupid boss's face for the rest of your life. Wait until you haven't checked this sub or charts for months. Wait until your friends brag about the 3% returns they're getting from their savings accounts at the bank. That's what a bottom looks like. That's when you pick yourself up and start rebuilding. + +My head is bloodied, but unbowed. +I’ve recently lost both of my parents and I am moving into my cousins house. I just enrolled into my new school and need to think of a financial plan. I am very responsible with my money but need advice from more experienced people. I don’t want my aunt to really have to adopt me and pay for all my stuff. I need to be financially independent. All I have is a around $400. + +I’m thinking of working at a place my friends recommended me that pays 11 an hour. I have no car so I need to be able to afford a motorcycle or something cheap to get around in. I was thinking to invest my money in repairing salvage cars and sell them for more money that way i’ll be able to own a nicer looking car. I’m trying to start learning how to invest stocks and forex. I have been repairing apple products and selling them for a lot of profit. I think this will get me started but I don’t know about the long run. Will I be able to go to college? + +I also have to learn taxes, insurance and bills. + +I need to turn $400 into $1000 and the into $10000 effectively and quickly. ANY advice and tips are greatly appreciated. +It’s down over 10% in the past month, and down 2.77% in the past 365 days… I know it had a huge run up boosted by Covid when everything was locked down, but still. + +I’ve been solely investing in Amazon the past couple weeks. I think it’s a no brainer and a great time to get in. The infrastructure they’re building right now will lock them in as a dominant leader for decades. They’re not going anywhere. + +And working in tech sales I see or hear every day companies utilizing AWS or making the move to it. The US government tends to utilize it in contracts which is huge. + +What are your thoughts? +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for help with user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +They know today was supposed to be of significance to retail investors. They know retail is waiting for proxy statements. They know retail is hoping for a dividend. They know retail is hoping for a share recall. They need retail to fold before any major catalyst happens. + +DO NOT FALL FOR IT. + +TAKE THOSE DIAMOND NUTS AND LAY THEM OUT IN THEIR FULL GLORY FOR EVERYONE TO SEE. + +Edit: admittedly so, Rensole did unintentionally give them some ammo to try to divide us. In no way is he a shill. He's been here since the beginning and he is trying to temper expectations. 10 million is life changing money and it gets people emotional. In the end, who cares if he doesn't think it will go that high? If you believe it will then you fuckin HODL. It is YOUR investment and YOUR investment alone after all. + +See you all wherever this fucking black hole leads to. + +🦍🚀🚀🚀🚀🚀🚀🚀🚀🚀 +I understand that as interest rates go up then bond price goes down. However, I keep hearing of huge outflows to bonds in reaction to the job report, shouldn't that be driving bond prices up? Yet most total bond market etf's are down for the day. +I sold a put on Monday on WFC and although the stock dropped 4% on Tuesday because of earnings, the put lost more value because of IV crush. Today the put is almost worthless. Is it a good strategy to sell puts on stocks right before earnings? Are there any fundamentals that you would look for? +Guten Tag to this global band of Apes! 👋🦍 + +We are closing out another week in the GME saga. +Though everyone should know by now that low volume jacks my tits, the recent increase in volume appears to be driven purely by incredible levels of short selling. +There are few dumb enough to do that these days, when faced with an unflinching army of Apes HODLing with Diamantenhände and supporting a company that is incredibly well positioned for the coming recession. +These are desperate moves by hedge funds that are long past the point of no return. +They short because it gives them cash to survive another day, and their eventual demise will not be any worse because of it. +They've long since dug their own graves. +Their bags will be passed along for someone else to hold. + +Today is Friday, October 21st, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$24.83 / 25,30 €** *(volume: 1346)* +- 🟥 115 minutes in: $24.61 / 25,09 € *(volume: 1346)* +- 🟥 110 minutes in: $24.63 / 25,10 € *(volume: 1343)* +- 🟥 105 minutes in: $24.66 / 25,13 € *(volume: 1343)* +- 🟩 100 minutes in: $24.75 / 25,23 € *(volume: 1343)* +- 🟥 95 minutes in: $24.71 / 25,19 € *(volume: 1259)* +- 🟥 90 minutes in: $24.72 / 25,20 € *(volume: 1257)* +- 🟩 85 minutes in: $24.73 / 25,21 € *(volume: 1257)* +- 🟩 80 minutes in: $24.72 / 25,20 € *(volume: 1257)* +- 🟥 75 minutes in: $24.72 / 25,19 € *(volume: 1257)* +- 🟥 70 minutes in: $24.72 / 25,20 € *(volume: 1257)* +- 🟩 65 minutes in: $24.73 / 25,21 € *(volume: 1091)* +- 🟩 60 minutes in: $24.60 / 25,07 € *(volume: 1091)* +- 🟥 55 minutes in: $24.59 / 25,06 € *(volume: 1071)* +- 🟩 50 minutes in: $24.60 / 25,07 € *(volume: 1071)* +- 🟩 45 minutes in: $24.58 / 25,06 € *(volume: 971)* +- 🟩 40 minutes in: $24.57 / 25,05 € *(volume: 971)* +- 🟩 35 minutes in: $24.55 / 25,03 € *(volume: 891)* +- 🟥 30 minutes in: $24.53 / 25,00 € *(volume: 891)* +- 🟩 25 minutes in: $24.53 / 25,01 € *(volume: 879)* +- 🟥 20 minutes in: $24.53 / 25,00 € *(volume: 879)* +- 🟩 15 minutes in: $24.76 / 25,24 € *(volume: 401)* +- 🟩 10 minutes in: $24.75 / 25,23 € *(volume: 401)* +- 🟩 5 minutes in: $24.43 / 24,90 € *(volume: 46)* +- 🟩 0 minutes in: $24.43 / 24,90 € *(volume: 40)* +- 🟥 US close price: $24.41 / 24,88 € *($24.39 / 24,86 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 0.9811. 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! +So much time is spent on this sub wondering which billionaires are for us, which are against us, which ones are going to come save us, and which ones are passing us secret messages in the bar codes of children's books, smdh. IMO, there is only one catalyst, DRS. Which means there is no rich guy riding in on a beam of light, like Gandalf arriving at Hellman's Deep. It means the savior you are looking for is the ape smiling back at you in the mirror with bits of crayon in his teeth. When MOASS cum, I'll know it came because of us, not Elon, or Icahn, or even RC. Personally, I don't believe that any human should have billions of dollars, especially in a world where so many have so little. So I'll spend my remaining years giving my tendies away to worthy causes, instead of hoarding wealth and power like some slutty dragon in a cave. Buy, DRS, HODL. 🦍🤝💪 +Here are the articles I’m referring to. There were plenty more. I think lots of people must be thinking they will be receiving payments when they aren’t. And you don’t receive the difference either, the offset just reduces your tax bill (if you have one) to $0. + +Quote from ABC article: +"So the LMITO will be no different — if you owe the ATO money and are entitled to the new $1,080 offset, that entitlement will firstly be applied against your existing ATO debt before you get the rest." + +But you don’t get the rest! Why has this been so poorly communicated? + +https://www.google.com.au/amp/s/amp.theaustralian.com.au/breaking-news/low-and-middle-income-tax-offset-worth-1080-beginning-to-be-paid/news-story/3ff584427363eb0baea123580d858723 + +https://www.google.com.au/amp/amp.abc.net.au/article/11281634 +All of this is general info, not specific financial advice, caveat, caveat, don't sue/ban, etc, etc. + +> - Hi, I want to invest [$X], but don't know where to start. Help? + +> - Hi, I just received [$X] from Uncle Bill. It's been sitting in my savings account for six months and I figure I should do something with it. + +You will probably want to begin investing in the stock market. Generally /r/AusFinance recommends you start at ~$5000, and leave your investment alone for a mid-long period (8+ years). Most of this sub is broadly against investing large sums into individual companies. Picking successful companies is a full time job, so most people are not equipped to do so. Nearly all experts like Warren Buffett [recommend the average investor](https://www.cnbc.com/2018/01/03/why-warren-buffett-says-index-funds-are-the-best-investment.html) invests in [index funds](https://www.investopedia.com/terms/i/indexfund.asp). It's a fire and forget investment you don't need to think about. Managed funds rarely beat index funds because the margins are low and the people who are [handling your money need to be paid](http://fortune.com/2017/04/13/stock-indexes-beat-mutual-funds/). + +The best available in Australia seem to be [Vanguard's suite](https://www.vanguardinvestments.com.au/au/portal/homepage.jsp) because of its low management fees. Most recommend Vanguard's [VDHG](https://www.vanguardinvestments.com.au/adviser/adv/v/diversified-ETFs.jsp), which is an index of index funds. It takes your money and spreads it across multiple markets, sectors, companies, nations, etc. This means that large fluctuations in economies, sectors or nations is evened out over time and your money is diversified, therefore risk averse. Your money will follow global market trends (which are unambiguously positive). Index funds nearly always outperform managed funds. Options other than VDHG are a [VGS](http://www.etfwatch.com.au/data-analysis/VGS) and [VAS](http://www.etfwatch.com.au/data-analysis/VAS) split. VAS is Australian centric though, so if you're already heavily invested here through super, savings accounts, property, etc, you might want to reduce your overall percentage of VAS. VGS is a global index excluding Australia, which makes it an attractive partner to VAS. Some people do 50/50 if they have no other investments. Others do more of a 60/40 or 70/30 VGS/VAS split if they have a bit more invested domestically. This should start your research along the right track. If you're unsure about some of these concepts, have a look [here](http://thewealthguy.com.au/managed-funds-index-funds-etf/). + +> - Hi, I've never had any money and I need to change that. Where do I start? + +The [barefoot Investor](https://barefootinvestor.com/) is a well regarded, Australian, personal finance book. The sub is largely positive about his advice and step by step approach, though his later steps get a little more ambiguous, especially around home ownership. It goes [pretty cheap](https://www.amazon.com/Barefoot-Investor-Money-Guide-Youll-ebook/dp/B01N79M1DS) and can be read in an afternoon - it constitutes a pretty good first investment. + +> - I just got my first job, where should my money be going? + +This sub supports maintaining a strong "rainy day fund", which should be able to tide you over for several months, though lengths vary depending on your situation (if you're 19 and can crash on your mum's couch, two months will be okay. If you have three kids and pets, 6 months is better). Calculate how much you spend per month and accumulate the appropriate amount into a high interest savings account. Commonly, the sub recommends against big banks who tend to not be the best value for money. ING, RAMS and UBank have great interest rates. The differences between these are negligible; the main point is to get away from places like the CBA who provide low interest rates and often still charge an account fee. + +After you have established a rainy day fund, your options are wider. Follow [this flowchart for general advice](https://i.imgur.com/NmP4zCu.png). Paying down debt is one of your main priorities (disregard HECS, it's not real debt). + +> - Hi, I want to buy a house but I'm scared of the impending housing crash I keep hearing about, what do? + +Yeah, the debate rages. To be logically consistent, this sub is against trying to time the market. The trend for property prices is certainly positive and there's a firm consensus that in the *long* term, property value will grow. The issue is how long it will take to recover if there is a crash. Some people speculate that there will be a slow decline in value, some say a crash. Both have convincing points. Both say property is overvalued. Others say there will be no decline or crash, which I find less convincing. The risk of buying a house right now is that it rapidly loses value in the next couple of years. Unlike most investments, it losing value may not actually effect you as an investor whatsoever if you're planning on living in it. If your plans are long term, you'll be insulated by the unstoppable march of market forces. If you're buying an investment property, consider your options. + +> - Hi, does anybody have any investment strategies other than index funds? + +- Peer to peer lending. There are many options available and it's not "sketchy" like it might sound. [Some companies](https://www.ratesetter.com.au/peer-to-peer-lending/why-ratesetter) have been able to promote themselves as never having lost a lender money. + +- Blockchain is not as widely discussed or promoted, with the consensus invariably being that Bitcoin [is a gamble](https://en.wikipedia.org/wiki/Tulip_mania), but blockchain has legitimate potential uses. Beware that you are not investing in a hype train. The general rule of betting is that for you to be profitable, you need to know more than the other competitors. Could you have a conversation about blockchain with a knowledgeable professional from the IT sector? If the answer is no, you are not qualified to judge which blockchain technology is profitable and you should act accordingly. It will be the investment equivalent of picking a horse based on the jockey's jersey. + +I will add to this depending on suggestions from others. + +**I will add questions, answers, amendments, adjustments, etc, if other /r/AusFinance contributors want to add some. This is a LIVE document, I'll work on it whenever somebody posts a really good answer in other threads.** + +We complain about all the VDHG questions every day but nobody has done anything to fix it. Here's my attempt. +I’ve worked in the banking, financial, business, etc. industries as a debt collector for the past two years. I’m currently interviewing for a legal assistant position with a local law firm. I submitted an authorization for a background check and discovered that they will also check my credit. Should I prepare to not get this job? + +Edit: I appreciate everyone’s help so far. It’s past midnight, so I’m going to sleep. I’ll continue responding in the late morning tomorrow + +Edit: I GOT THE JOB! +Who honestly can afford having kids in todays world? Honestly I think it’s selfish to bring a kid into a society like this. Why would you want your kid to ever struggle financially? There are barely any jobs now. Imagine 20 years from now, there will be zero jobs. Having your bachelors means literally nothing anymore. Hell, having a Masters doesn’t mean anything anymore. The world will never be the same after the pandemic. We have a pandemic and an epidemic of opiate use going on at the same time and workers are all being replaced by robots or machines. Has anyone seen the new Amazon grocery stores? They require ZERO workers. Those Amazon grocery stores are gonna be the biggest trend in 15-20 years and it’s gonna put hundreds of thousands out of work on top of what the unemployment numbers are now. I know this sounds depressing and kinda fucked up but it’s true- I would never bring a human into THIS world, I don’t even want to be here….. +My parents sold their primary residence and netted 50k. They currently rent for 1k and have a car loan/insurance that costs around $300/month. They each have a part time job where they both make around $300/wk each. My dad has a 401k for the first time and has 2k there. They also have a small pension and social security income where they get around 1k/month. They live modestly and don't have debt except for the car loan(6k). They'd like to buy a sort of vacation home where they spend half the year in a warmer climate, but they're not sure if they can wing it. They're not really sure what to do with the money and are worried about not having it if something were to come up. What should they do? + +edit: thank you all +TL,DR: Roommate's bank filed a dispute with CashApp and large amounts of money are being withdrawn from my account. +One of my roommates banks apparently thinks that CashApp is stealing money from him, so rent that was paid upwards of 4 months ago is randomly being withdrawn from my account. As a college student, I do not have the equity to protect against against overdraft fees in this situation, so if this happens again, I could be pretty well fucked over. I guess CashApp reserves the right to withdraw any payments to you account if the sending bank files a dispute. The roommate is paying me back, but these things take time. +Guten Tag to this global band of Apes! 👋🦍 + +As we close out another week, I want to express my appreciation for this community. +The way that this group comes together to expose the tactics that are used against us is incredible. +From the very early days after The Sneeze through now, this is the place that I can consistently turn to for a better understanding. +Thank you all for being a part of what makes this subreddit so great. + +Today is Friday, December 9th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$24.09 / 22,90 €** *(volume: 65927)* +- 🟥 115 minutes in: $23.98 / 22,80 € *(volume: 65860)* +- 🟩 110 minutes in: $24.18 / 22,98 € *(volume: 65852)* +- 🟥 105 minutes in: $24.03 / 22,84 € *(volume: 63672)* +- 🟥 100 minutes in: $24.06 / 22,87 € *(volume: 63668)* +- 🟥 95 minutes in: $24.09 / 22,90 € *(volume: 63656)* +- 🟩 90 minutes in: $24.21 / 23,01 € *(volume: 62611)* +- 🟥 85 minutes in: $24.20 / 23,00 € *(volume: 61761)* +- 🟩 80 minutes in: $24.20 / 23,01 € *(volume: 60901)* +- 🟥 75 minutes in: $24.07 / 22,88 € *(volume: 60901)* +- 🟩 70 minutes in: $24.23 / 23,03 € *(volume: 60901)* +- 🟥 65 minutes in: $24.12 / 22,93 € *(volume: 60519)* +- 🟩 60 minutes in: $24.24 / 23,04 € *(volume: 60519)* +- 🟥 55 minutes in: $24.23 / 23,04 € *(volume: 60505)* +- ⬜ 50 minutes in: $24.24 / 23,04 € *(volume: 60484)* +- 🟥 45 minutes in: $24.24 / 23,04 € *(volume: 60472)* +- 🟥 40 minutes in: $24.24 / 23,04 € *(volume: 60205)* +- 🟥 35 minutes in: $24.31 / 23,12 € *(volume: 60205)* +- 🟩 30 minutes in: $24.33 / 23,12 € *(volume: 58636)* +- 🟩 25 minutes in: $24.30 / 23,10 € *(volume: 58611)* +- 🟩 20 minutes in: $24.28 / 23,08 € *(volume: 58611)* +- 🟥 15 minutes in: $24.09 / 22,91 € *(volume: 53989)* +- 🟩 10 minutes in: $24.10 / 22,91 € *(volume: 49001)* +- 🟥 5 minutes in: $23.40 / 22,25 € *(volume: 8101)* +- 🟥 0 minutes in: $24.46 / 23,26 € *(volume: 1112)* +- 🟩 US close price: $24.79 / 23,57 € *($24.80 / 23,58 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0519. 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! +Today I learned that retirement account and life insurance beneficiary designations usually supersede any designations you have in your will. + +I wrote a will a few years back when I bought a house, and I assumed it covered my entire estate. + +I was wrong. + +I checked my retirement account beneficiaries today. I opened one of my IRAs 20 years ago before I got married and had kids, and I had never changed the beneficiary on it. All that money (about 450K) would have gone to the wrong person if I had died. + +Check your beneficiaries, y'all, especially if you get married (or divorced). +Wouldn’t it be better to know a monthly amount and to be able to relate this to monthly budgets? + +Update: was looking for views on this and I’m not disappointed. Thanks to all who contributed. Consensus seems to be it’s best because of how tax is applied. +Now that I’m handling my money in a more responsible way, I’ve realized I had a pretty significant mindset change that may help some. Two years ago, I had about $200 in my savings and I’d spend my entire paycheck between pay days. Now, I have just under $7k in my savings account and I take what I don’t spend between paydays and add that to my savings. + +What changed for me was the way I purchased things. When I would actually go to buy something, I’d try to find a good deal on something expensive and usually end up spending all of my money on it. I realized just because I had the money in my account to pay for something, doesn’t mean I could actually afford it. + +Now that I’ve started reaching and maintaining my savings goal, I have lots of things I want to buy, but I choose not to because I realize I can’t afford it. +https://finance.yahoo.com/quote/XIV/ + +This is kind of a big deal. Going to wipe a lot of people out on its own. Discuss. + +For whatever it's worth, here is a good article detailing why this can be a big problem - https://www.themacrotourist.com/posts/2017/11/23/the-next-crisis/ + +And this is a good summary of what happened and other information related to ripple effects. + +https://www.cnbc.com/2018/02/05/xiv-exchange-traded-security-linked-to-volatility-plummets-80-percent.html + +Edit 5:55 pm: XIV is down past the threshold of an 80% 1-day drop. Look for a liquidation. If you were looking out for a black swan event, we may have just gotten it (or it may not be as bad as big of a deal as some have mentioned). +Forget Apes and PFPs, an actual house was sold on OpenSea for 175k USDC. + +&#x200B; + +[Newly renovated three-bedroom home - Sold as an NFT. ](https://preview.redd.it/6cnw5r31uku91.jpg?width=1200&format=pjpg&auto=webp&s=dce5ff2b9d8d2442588a3fa27f5a0b27b1b285c0) + +Link to the listing: [https://opensea.io/assets/ethereum/0xf928d6285b8a4f9ac5a640ae598d7399c331cea7/0](https://opensea.io/assets/ethereum/0xf928d6285b8a4f9ac5a640ae598d7399c331cea7/0) + +Link to the onchain sale transaction: [https://etherscan.io/tx/0xa7b2e89bf6d5cc8e605c1cf8823e532f87790d1816f7f98df77127cc98a1021f](https://etherscan.io/tx/0xa7b2e89bf6d5cc8e605c1cf8823e532f87790d1816f7f98df77127cc98a1021f) + +The home is legally structured as an LLC that holds the title to the house. On selling the NFT, the title is legally transferred to the buyer. + +The trade was facilitated by Roofstock, an online real estate marketplace that has been in operation since 2015: [https://www.roofstock.com/](https://www.roofstock.com/) + +Recently, seeing the opportunity, they have started offering a separate onChain segment among their services, where people can buy and sell houses as NFTs. + +[https://onchain.roofstock.com/properties/0xF928d6285B8a4f9ac5A640ae598D7399C331cea7/0](https://onchain.roofstock.com/properties/0xF928d6285B8a4f9ac5A640ae598D7399C331cea7/0) +I know it will be obvious to some but the deals Sky are offering for new customers are far cheaper than what I am currently paying as an existing customer. I’ve just phoned up and saved £20pm plus I am actually getting a little bit more in my package as well (UHD). + +The new package of UHD+HD also includes Netflix premium which wasn’t an option when I got sky so I’ve now saved another £12pm as Netflix will be billed by Sky instead. + +I just thought I would share as a 10 minute phone call will save hundreds over the next 18months. +Edit/update: Thanks everyone for sharing! Really interesting reading through everyone’s posts, most people are spending on the same things. + +I can’t say I was surprised to read some of the negative comments about beauty treatments/skincare/spending on general appearance. + +For the ‘if you resent the cost just stop’ people, wake up - we live in a shallow society. Yes it is a choice - nobody *needs* Botox, highlights or laser hair removal but any woman would be able to tell you you’re treated a hell of a lot better in life if you look good (including at work). + +—— + +Not sure this is right audience as most people here seem to be male/already have a family and/or are pretty wealthy. + +I’m single late 20sF living alone in a major city. With the cost of living including rent going up, I’d like to cut back on what is basically non-essential spending, but feels like essential spending in order to have a social life/take care of my appearance etc. + +I am not looking for advice on where I can cut back, just curious as to how others who are/have been in my situation spend. + +Can anyone here share details of their discretionary spending and how much they earn? + +Example I earn about $100k gross and do the following: + +- I go out to to bars at most once a week usually once a fortnight, only buying a few drinks. Will sometimes go for dinner, but otherwise I socialise at friends houses. I’m home usually 4/5 nights a week. No car, so spend on Ubers when coming home late (these can add up and would say it’s one of my biggest costs) + +- 1/2 takeaways a week as currently working full time and have a side gig in the evenings which doesn’t give a lot of time to cook, and cooking for one every day can be hard (this would be the easiest thing to cut back on) + +- About $300 on hair every 4/5 months (I try to stretch this out as much as possible) + +- I do buy clothes, replace makeup when it runs out etc. but not excessively like some of my friends - e.g I’m not buying clothes every week but may make a couple of purchases during the month + +- I do my own nails so not spending $70 every couple of weeks on that + +- skincare/general toiletry items + +- laser hair removal which can be $130 twice/three times during winter only + +- Sometimes spend money on dates +Technically I am earning below average. So how can I have a financially successful life on this salary? + +I have no debt, I currently have 15k invest in ETF shares, and have about 20k in savings. + +I don’t know what I want to do with my life work wise, I’m in a bit of a career rut. I don’t see myself earning more than 70k for a while. + +So what steps can I take to be financially smart and increase my savings and long term gains? + +Thanks! +The gap between blue chip consensus and tracker estimate is interesting. But if tomorrow's number is anywhere close, that puts a definitive kibosh on all the talk about being in a recession, right? Or? + +https://www.atlantafed.org/cqer/research/gdpnow +Retail can be the catalyst. There is absolutely **no guarantee** that institutions will recall their shares. Take 5 minutes and **call or email your broker now**. + +&nbsp; + +> **Script** + +> "Hi, I understand that GameStop will be having a meeting soon and I would like to participate in the vote. Can you tell me if my shares are being loaned out and help me take any steps to recall my shares if they are being loaned out so that I can participate in the vote?" + +&nbsp; + + +🚀🚀🚀🚀🚀🚀🚀 + +&nbsp; + + +Broker | Customer Support # +---|--- +Fidelity | 1 (800) 343-3548 +TDAmeritrade | 1 (800) 669-3900 +Vanguard | 1 (877) 662-7447 +Ally Invest | 1 (855) 880-2559 +Charles Schwab | 1 (866) 855-9102 +E Trade | 1 (800) 387-2331 +Merrill Edge | 1 (888) 637-3343 +Webull | 1 (888) 828-0618 +Questrade | 1 (888) 783 7866 +Nobody knows the real number of shares that will be paperhanded. I’m here to tell you that as XXX shareholder and currently buying more, I will sell on the way down! It is the way to go and I hope everyone else does the same! + +I also feel it is our duty as shareholders to spread the word! You never know when word will reach an XXX or even XXXX shareholder to join our army, these people are CRUCIAL. I’ve personally told 6 people that have bought shares and they do well spreading the word as well. It doesn’t matter if you tell someone that “only” buys X shares because who knows, they could tell someone that buys XXXX shares! + + +Do these wonderful people that are doing the research and providing information a favor and spread. The. Word!!!! And don’t forget to HODL + +EDIT: this is not financial advice! 😁 +For me financial independence means more than just having FU money. I have frequented the subreddits of r/simpleliving and r/minimalism for quite some time. I try to cut my consumption, live with less things and stuff. I am also a big believer that enviromental climate change is going to be one of the biggest challenges we will experience in our lifetime and that we all will have to make some sacrifices. I feel like r/stoicism also fits well with r/financialindependence, staying strong against the societal preassures of doing what everyone else believe is the correct way to live and consume. + +So what is life quality really? It it having good health, being content, having good friends? Or is it owning a BMW, and OLED TV, iPhone X, being able to buy starbucks everyday, going on expensive vacations? If you have enough money you can ofc. do both, but for me FI means prioritizing the first three and ditching the status symbols and excessive comfort. +I am 20 years old and graduating from university with a degree in financial economics this spring and researching real estate has recently become a passion of mine. Immediately post graduation I’ll be working with $50k income and living with my parents to save some money. Will have around $250 of loan/car payments. I want to start investing in real estate now, while young, to take advantage of the snowball affect, but because I live in western Washington (Tacoma area), housing is expensive and it is impossible to find multi-family houses that I can afford that are livable. I plan on house hacking a single family home but most homes are at least $300k. + +Is it possible to get around the debt to income ratio while house hacking and using an FHA loan? Would finding private capital from family and friends to pay a more significant down payment be valuable? Does it make a difference if some friends were willing to sign a 1 year lease and live with me for a year? Are there other investing techniques that may suite my situation better? Thank you and any investing advice is much appreciated. +https://www.cnbc.com/2019/10/09/china-still-ready-to-discuss-partial-deal-despite-tech-blacklist.html + + +'Separately, the Financial Times on Wednesday morning reported that officials in China are offering to increase annual purchases of U.S. agricultural products by $10 billion a year, in order to reach a partial deal. + +″(Vice Premier) Liu He is coming with real offers, it’s not an empty visit,” an unnamed source told the FT. “The Chinese are ready to de-escalate.”' +As the title says I am in my late twenties and building a business. My parents are in their late 60s and early 70s. One is already retired and the other is going to potentially retire this year. I am very nervous as my siblings are older (late 30s and mid 40s) and I am not as financially stable as they are. They want to buy their home and split it three ways, but I do not have anywhere near the amount of money that they do. I barely have 10k saved in my savings and earn less than 1800 a month after taxes. + +My siblings and I are about to have a conversation about how we handle their retirement and take on the financial burden (I only use this term because I have no other way of saying it, I love my parents and they have given me more in life than I can ever imagine) of being their sole resource of money along with their social security. + +I have prospects to one day buy a home in 15 years but if I use most of my small income to supplementing this I'll barely have any for myself to survive off of day to day. + +I want to be a part of this and help my aging folks as they are immigrants from another country and only worked in blue collar laborious jobs. But if I don't help myself I'm afraid that I won't have a financially stable enough future for myself. + +Does anyone have advice on how to prepare for this and experiences of this kind that can lend some sound advice? Thank you! + +Edit: some additions from replies, to shed more light to the situation. + +Well here is the other layer. I currently live with my parents. It's the same house I've lived in since I was born. They have allowed me to stay with them while I get my finances saved up to buy a future home. I'm happy to take over the basic upkeep if they do retire. But my parents has expressed that they want my oldest sibling and myself to inherit their house, as the middle has already been given the other home. But with the added investment my oldest sibling is doing to my parents current home that also propositions them to have more ownership of the house. Does this make sense? It's a really weird situation. + +My oldest sibling's idea is to purchase the house that my parents purchased. They get to continue living in the home for as long as they live and we take over the house financially 100%. My parent's house is paid completely, therefore there is no mortgage. + +The money will be for them to do whatever they wish with it. + +As for as future holdings on the house I have no idea. + + Another layer to this is is that my oldest siblings sold their home and downsized to a separate living situation while they add an additional floor to our parents house for them to live in. But that displaces my parents for a half year minimum, myself, and my parent who is still working (she is a host home care provider) means that she would lose her job which she still wants to do. + +As for why my income is so low, I'm 3 years in of growing my own business which sprang up in the beginning of the pandemic. I lost my job due to covid and it was an opportunity for me to grow financially for the future. My parents have been 100% supportive of me in this endeavor and if it weren't for them I wouldn't have been able to invest in my business. + +Wow I've been kept up all night with so much anxiety over this whole situation and I deeply appreciate everyone's input and different perspectives! I'm reading through everything as best as I can! +Some of these recent posts are acting like the split will cause lift off? But like what if it doesn't. +Im not trying to shit on your parade. + +But ever heard of Premature Jocularity? + +I just personally think acting as if its all over to it not being over when masses think it will be will only emotionally hurt some people. Or maybe some of the newer people to abandon ship when another promised date falls short. +On that note what ever happened to no dates? +Also +I still am not seeing any people being sentenced to jail time +I still haven't seen shorts close. +Still haven't seen mad price movents, haults or margin calls? +Unless im missing some news that some of you seem to of seen... +But all this sub seems to do is updoot rando "turst me bro" twitter pics or rando speculations with no hard evidence. +To me that seems like the biggest forum slide of all. the lack of real information has been surpassed by shit posts and twitter pics. +Not saying i need weekly dd to confirm my already deep belief in moass. But these criminals have been criminals for longer than some of us have been alive. So im sure they know some more fucking bull shit fuck you moves to kick a can longer. +🤷‍♂️ +I have twins that are about a month old. It’s sucks and I’m looking for ways to spend some money to make this all easier. We (my wife and I are 34) are comfortably chubbyfire and on our way to fatfire. + +So far we’ve splurged on a few things to help us get through these early days: night nanny a few nights a week, house cleaner once a month, double of much of our gear so that we have a full “station” both upstairs and downstairs (including two brezzas), nice pump gear/multiple pumps for my wife, we each see a therapist once a week, lots of extra supplies so we aren’t washing bottles 6x a day / going to the store constantly, etc. We don’t have Snoos and given that we are already a month in (and have the night nanny sometimes), I’m not sure it’s worth it. + +For the other twin parents here with some money to throw around, would love to hear what helped (or what was a waste). + +For example, We have a nanny starting when we go back to work in January, but I’m at the point where I am ready to start the nanny now. Thoughts? + +Thanks for any help or advice you’ve got. +I’ll try to make this long story short, a basic cable/internet subscription is included in my rent. In May, my apartment complex switched cable providers. When this happened the old provider, opened up accounts for each resident without permission and sent bills for about $250 (an activation fee). + +We received a mass email from the leasing office guiding us to ignore these charges and turn off autopay if you had it on. They claimed they’d work with the company to get it fixed. + +Well it’s now August and the cable company is emailing me threatening to send me to collections. I’ve tried speaking with the company and they maintain the bill is my responsibility. And our rental office says they’re still working through the issue. + +Any idea what I should do? I obviously don’t want this to affect my credit, but also don’t want to pay $250 that I shouldn’t have to. + +Edit: Just I case this changes things, when I moved in I did have to call the cable company to give them my info in order to pick up a router and cable box. There was no fee and they never collected any payment info. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Post the crazy high results (with links) and the ones that didn’t sell or went for cheap. + +It seems from my research things are flattening out from the crazy highs of a month ago but I’d like to see more data +On Aug. 4 at block 12,965,000, the London Hard Fork will go live on the Ethereum main network when a series of five protocol updates called EIPs (Ethereum Improvement Proposals) are deployed. + +**EIP 1559**: This is the biggest of the upgrades and ironically the easiest to summarize. It's a proposal to make Ethereum transactions more efficient by using a hybrid system of base fees and tips to more evenly incentivize miners in periods of high and low network congestion. + +**EIP-3198**: As a companion to EIP-1559, it adds an opcode, BASEFEE, which returns the value of the base fee for the block it is executed in. This will enable smart contracts to access this value on chain, which can help with submitting fraud proofs and creating trustless gas price derivatives. + +**EIP-3529**: Another significant change introduced in London is the removal of gas refunds from SELFDESTRUCT and reduction of refunds for SSTORE. While the refunds were originally intended to incentivize developers to clear the state when possible, in practice they have led to an increased state size with the invention of Gas Tokens. Using these refunds, Gas Tokens can fill up the state when gas prices are low and then get refunds for the execution of transactions when gas prices rise. + +**EIP-3541**: This is a "simple" change which lays the groundwork for broader Ethereum Virtual Machine (EVM) improvements, described in [EIP-3540](https://eips.ethereum.org/EIPS/eip-3540). This EIP will make it impossible for new contracts starting with the 0xEF byte to be deployed. Once London is live, the shortest sequence of bytes starting with 0xEF which does not match the starting sequence of existing contracts could then be reserved as a way to identify contracts which comply with EIP-3540 semantics. + +**EIP-3554**: This proposal delays the difficulty bomb, which is a mechanism that was introduced in Ethereum to “freeze” mining as the network transitions to proof of stake. Given that the proof of stake transition is not yet ready, they have decided to delay when the bomb will “go off”. The current delay has been set to December 1st. + +Sources: + +* [https://eips.ethereum.org/EIPS/eip-1559](https://eips.ethereum.org/EIPS/eip-1559) +* [https://eips.ethereum.org/EIPS/eip-3198](https://eips.ethereum.org/EIPS/eip-3198) +* [https://eips.ethereum.org/EIPS/eip-3529](https://eips.ethereum.org/EIPS/eip-3529) +* [https://eips.ethereum.org/EIPS/eip-3541](https://eips.ethereum.org/EIPS/eip-3541) +* [https://eips.ethereum.org/EIPS/eip-3554](https://eips.ethereum.org/EIPS/eip-3554) +* [https://medium.com/ethereum-cat-herders/london-upgrade-overview-8eccb0041b41](https://medium.com/ethereum-cat-herders/london-upgrade-overview-8eccb0041b41) + I saw this somewhere and cant help but wonder, isnt it the opposite? + +Sell CALL when market down or sideways because you dont want to be assigned. + +Sell PUT when market is going up. + +No? +Products are shrinking, gas and groceries bills are increasing every day. People don’t think it’s a big deal but we all of sudden all got a pay cut... like you are making 60k well not anymore your are only making 56k now. But the prices are now more. Let’s say you spend $500 a month on groceries but now to buy the same amount you’d be spending $527. And that goes everywhere. I feel like people are not seeing it and I am the only one really stressing about it. Like we did get that stimulus money but now we are much poorer for it for a longer term and business just increase prices even those most of stimulus money went to them. +Guten Tag to this global band of Apes! 👋🦍 + +Naturally, the week that I am traveling and unable to follow along closely is among the wildest weeks in recent history. +Without a doubt, the big news is that Ryan Cohen sold *ALL* of his BBBY holdings, fully exiting the positions he established in March. +He sold earlier this week, when BBBY was showing signs of a short squeeze and exploding upward. +I don't know if anyone has done the calculations, but he must have made an incredible amount of money. +Meanwhile, if the DD is correct about the SHFs using swaps to go long on BBBY, they will have lost huge amounts on the other side of his sale. +All of this spectacle is exciting to watch, but I have no doubt that many among this community lost a lot of unrealized gains in the ride. + +Many of us have come to trust Ryan Cohen as the Chairman of GameStop, based on the way that he takes active measures to develop the company's future. +His large investment in BBBY, while clearly instigated by the predatory short positions against the company, made many believe he would work to turn that company around. +He has clearly made some impact along the way, but his divestment was unexpected considering the comparatively small impact he had. +It seems that there must have been a different goal, perhaps from the start, or perhaps conceived more recently. + +There is a reason that I invest in GME. + +I believe that Ryan Cohen's actions surrounding BBBY are, in fact, what is best for GME. +When the SHFs saw that Ryan Cohen was preparing to squeeze them on another front, they took a defensive stance and went net long on BBBY. +They never closed their own short positions, but instead used swaps to 'weather the storm' they saw brewing. +Ryan's significant options play gave them a date to cover through, making this a strategy to defend against BBBY forcing margin calls that triggered the MOASS. + +When GME started breaking through their margin levels, we saw the immediate response leveled against GME, but that is also when BBBY started to climb. +As BBBY ran, the shill narrative quickly switched to encourage FOMO out of GME into BBBY. +In hindsight, this seems very much like an intentional strategy for the SHFs: get Apes out of GME and into BBBY, and take the gains from the boost to BBBY. +Ryan's sale absolutely deestroys such a strategy. +While I can dream about a scenario where he plows the gains into GME, I don't think that it is even necessary. + +Apes didn't sell GME. +The SHFs are unlikely to be able to engineer a new pump of BBBY to restore their lost margin. +I am eager to see if the after-hours drops persist into trading, because I believe they are simply chaff... +Will we get clues from the German Markets? + +Today is Friday, August 19th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$35.57 / 34,95 €** *(volume: 28349)* +- 🟥 115 minutes in: $35.80 / 35,18 € *(volume: 26106)* +- 🟩 110 minutes in: $35.91 / 35,28 € *(volume: 25654)* +- 🟩 105 minutes in: $35.88 / 35,25 € *(volume: 24464)* +- 🟥 100 minutes in: $35.85 / 35,22 € *(volume: 24383)* +- 🟩 95 minutes in: $35.92 / 35,29 € *(volume: 23965)* +- 🟥 90 minutes in: $35.91 / 35,29 € *(volume: 23553)* +- 🟩 85 minutes in: $35.95 / 35,32 € *(volume: 22494)* +- 🟥 80 minutes in: $35.89 / 35,26 € *(volume: 22349)* +- 🟩 75 minutes in: $35.95 / 35,32 € *(volume: 21812)* +- 🟥 70 minutes in: $35.90 / 35,27 € *(volume: 21489)* +- ⬜ 65 minutes in: $36.21 / 35,58 € *(volume: 20990)* +- ⬜ 60 minutes in: $36.21 / 35,58 € *(volume: 20762)* +- 🟩 55 minutes in: $36.21 / 35,58 € *(volume: 19660)* +- 🟩 50 minutes in: $36.16 / 35,53 € *(volume: 19534)* +- 🟥 45 minutes in: $36.06 / 35,42 € *(volume: 18209)* +- 🟥 40 minutes in: $36.27 / 35,64 € *(volume: 17951)* +- 🟥 35 minutes in: $36.75 / 36,11 € *(volume: 17289)* +- 🟩 30 minutes in: $36.90 / 36,26 € *(volume: 16280)* +- 🟩 25 minutes in: $36.10 / 35,46 € *(volume: 15328)* +- 🟩 20 minutes in: $35.56 / 34,94 € *(volume: 14019)* +- 🟥 15 minutes in: $34.85 / 34,24 € *(volume: 11960)* +- 🟩 10 minutes in: $35.47 / 34,85 € *(volume: 8898)* +- 🟩 5 minutes in: $35.24 / 34,62 € *(volume: 7179)* +- 🟥 0 minutes in: $35.09 / 34,48 € *(volume: 4507)* +- 🟥 US close price: $37.93 / 37,27 € *($35.10 / 34,49 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0178. 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! +In recent years there’s been a change in the way investors, economists and officials think about public borrowing. They’ve become less interested in the debt’s size, and more focused on what it costs. With occasional hops and bounces, [30 years treasury yields](https://finance.yahoo.com/quote/%5ETYX?p=%5ETYX) have been on a pretty steady decline since 1985, which makes borrowing ever-cheaper. + +Treasury secretary Yellen said that even though the amount of debt relative to the economy has risen, the interest burden - the amount the Treasury pays to service its debt - has not, due to lower interest rates. + +[If it were possible to take interest rates into negative territory I would be voting for that.](https://www.azquotes.com/quote/711345) \- Janet Yellen, "Why Gold Is Unstoppable" by Doug French, [www.caseyresearch.com](https://www.caseyresearch.com). March 19, 2014. + +On the other hand, Michael Burry is betting that interest rates are about to go up. + +Let's assume FED raises interest rates, that brings up the question: How are we gonna service the debt if borrowing costs get increasingly more expensive? It seems like a debt death spiral - the more expensive borrowing is, the more debt you need to take to service it. + +What are your thoughts? +My husband and I bought a house in 2020 for $650,000. The house is currently worth 1.1mil. It is in a desirable trendy area. + +My husband is most likely going to be offered a very lucrative job in San Jose area as an engineer for a big tech company we would need to relocate. It will pay about $180,000, and come with a relocation package. If they offer us the job we will definitely take it because it will double our income. Currently we have about 30k in stocks. + + Our house can currently be rented for $3500 (with a net income of $500). We know we want to keep this house. But we have three options for how to spend our money when we move. + +1. We could take a 100K loan and build an ADU for our current house and rent the property for 5k (with a net income of $1500) with all costs accounted for. + +2. We could rent in San San Jose for a few years and be able to save about 70k a year to put towards a $1.5 mil house up there at 20% down. + +3. We could stretch our budget and buy a $600,000 house in San Jose area at 20% down, and hope that we will be able to roll it into 1.5 million house after a few years. + +What do you think is best right now? +Just that. We’re looking to sell our place as it’s time to upgrade; the current layout doesn’t suit our family. + +We’re based in Sydney and will be selling our current home and buying in the same market so the dropping market is what it is - our home doesn’t work anymore so we’re not looking to wait it out. + +How has your experience been as a buyer? I know it varies by suburb but keen to hear if there was much buyer competition. If the asking price was reflective of where your agreed price landed etc. + +We went to a few opens today, there were still people going through so it doesn’t seem like the market is totally dead. + +Edited: We’ll be looking in the Sutherland Shire but not expecting much specific to that. +Hey guys, probably not something that is regularly discussed in the financial space in Australia but I think it is majorly overlooked how much gambling impacts the financial health of Australians. + +Here are a couple sources I’ve found, it is unreal the financial impacts that come with gambling. Not just the initial funds lost gambling, but the ripple affect that follows. + +NOTE: Australia reported Gambling Losses of $25bn in 2019… $25,000,000,000 + +Alarmingly now look at this same Pie Chart produced by AIHW (Australian Institute of Health and Welfare) + +“The social costs of gambling – including adverse financial impacts, emotional and psychological costs, relationship and family impacts, and productivity loss and work impacts – have been estimated at around $7 billion in Victoria alone (Browne et al. 2017).” - AIHW + +If we factor the $25bn in financial losses at 15.6% referring to the Pie Chart, along with the statement above implying the social, emotional and psychological costs of gambling, it adds up to $160bn of losses…. a year. + +$160,000,000,000 + +Obviously this isn’t a set in stone figure and you can’t put a financial number of social, emotional and psychological impacts obviously. But the overall losses from gambling harm would not be far of. + +Not sure if this is the right space but I’m a young individual extremely passionate about anti-gambling as I have witnessed first hand what it can do and also have seen the younger generation become accustomed and almost brainwashed into this way of living in Australia. I’m worried about the direction we are heading, extremely. +When I first started college, my mom insisted I sign up for FAFSA. We've been receiving about 6000 every semester which worries me because I've already had financial aid twice. She took the money and payed off her car insurance and all of her bills and bought groceries. I have a 30hr a week job that pays 9/hour buts she insists I give her my money so she can control where I spend it to "teach me responsibility". If I don't give her my paystub and cash, she threatens to kick me out of the house. I've argued with her over this but she gets very angry when I question her motives and I'm scared she would kick me out instantly. I can provide more information if needed. What should I do? + +UPDATE: so I just got kicked out. I tried talking to my mom about charging me rent and making me pay for my own food rather than taking my money and she got angry. She says I couldn't do it on my own and I needed her help. I told her to prove it to me by charging me rent and what not and she kicked me out. My friend came and picked me up so I'm at his house now. I have about 400$ in my bank and I accidentally left 350$ at my moms house. I'm getting my financial aid refunded in February. Also I am house sitting for a friend for the next three days. That will give me enough time to figure out where I'm going. I found a place for 75$ a week which seems manageable. I have to be very frugal. +I have a decent amount of money saved up in an account but right now its just sitting there losing value. I was wondering if buying some gold coins would be a good idea since they're more likely to hold their value better. But I don't know much about the process of selling them and whether that would actually be easy to do when I need the money. Any advice on this would be appreciated :) +[CME FedWatch](https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html) + +Current level = 100-125, there is a ~~37%~~~~21.5%~~0.5% chance it will be cut to 75-100, and a ~~63%~~ ~~78.5%~~ 99.5% chance it will be 50-75. + +I do not claim to know when a crisis will occur. But if we are already at such low rates now, when it really isn't that bad, what are we going to do when banks start going under? Is every central bank going to go negative on their rates, tens of trillions of QE? + +Oh, boy, I am super worried, this is going to be worse than 2008 because the world has far more debt and far lower interest rates than we did back then prior to the crisis. We also counted on China for our recovery the last time, but we will have no such luck this time because their economy is probably in worse shape than the US is due to demographics and a housing bubble in Beijing, Shanghai, Guangzhou and Shenzhen so large, that they easily rival the bubbles of NYC, SF, Toronto or Vancouver. + +EDIT: What the fuck? There is a 1/6 chance that they will cut to 25-50 (a 75 basis point cut)? What the fuck does the market want? Negative rates by June? Is the S&P 500 headed below 1000 points? + +EDIT 2: 88.1% chance of a 75 basis point cut, the world economy is FUCKED! We are in for perhaps a 1930s depression, and it may very well lead to World War 3 and the end of humanity. +By partnering with industry leaders, retailers, and non-profit organizations in the cannabis space, Burn1 is positioning itself to become one of the top cannabis cryptocurrencies in the coming years. + +With a percentage of every transaction used to fund our charity and marketing wallet, Burn1 is the first ever deflationary crypto currency which auto generates funds to support the evolving industry’s laws, regulation, and growth. + +&#x200B; + +&#x200B; + +Gregg Steinberg and Luke Pisano bring a wealth of knowledge that will help Burn1 achieve organic long-term growth. + +**Gregg Steinberg -** ***Chief Executive Officer - Belushi Farms*** + +Gregg comes to Burn1 with an intimate understanding of the Cannabis industry. As the CEO of Belushi Farm as well as being CEO of Greenway DNA, he provides insight into both the medical cannabis field and farming. + +**Luke Pisano -** ***Communications and Marketing Manager - Belushi's Farm*** + +Luke is currently the marketing manager of Belushi farms as well as other businesses within the cannabis space. Luke’s marketing firm, Vertebrae, specializes in coordinating social media within various aspects of the cannabis industry. He brings vision, creativity, and vibrant energy to our team and we are so excited to have him! + +&#x200B; + +In early June 2021, Burn1 partnered with The Last Prisoner Project. Based in Denver, Colorado, LPP is one of the nation’s largest non-for-profit organization which provides legal counsel to those wrongly imprisoned for cannabis related crimes and leads grassroots campaigns advocating for cannabis clemency laws all across the country. + +We are honored to be working with LPP, Gregg Steinberg, and Luke Pisano as we grow our community of cannabis enthusiasts from around the world. + +Please find below the links to our media pages to learn more! + +&#x200B; + +Website: [https://www.burn1.today/](https://www.burn1.today/%22%20%5Ct%20%22_blank) + +Tiktok: https://www.tiktok.com/@burn1coin?is\_copy\_url=1&is\_from\_webapp=v1 + +Telegram: [https://t.me/Burn1Coin](https://t.me/Burn1Coin%22%20%5Ct%20%22_blank) + +Twitter: [u/Burn1coin](https://www.reddit.com/u/Burn1coin/%22%20%5Ct%20%22_blank) + +Facebook: [https://www.facebook.com/groups/790599804898216/](https://www.facebook.com/groups/790599804898216/%22%20%5Ct%20%22_blank) + +Instagram: Burn1Coin + +Reddit: [r/Burn1Coin](https://www.reddit.com/r/Burn1Coin/%22%20%5Ct%20%22_blank)/ + +Youtube: [https://www.youtube.com/channel/UCnoZGNBz\_D90E9NbNj66Rbw](https://www.youtube.com/channel/UCnoZGNBz_D90E9NbNj66Rbw%22%20%5Ct%20%22_blank) +I’m just curious to see what some of you guys have “won” off of in the past. I’m not looking for anyone to shill their *current* altcoin favorites either. I’m specifically interested **only** to hear about any monumental gains you’ve made off of an altcoin that you dumped a ton of fiat into. I’d assume most of you would rather give percentages rather than the fiat amount so I’d encourage that. + +Things I’d also like to know in your comment: + +Did you hold conviction with the crypto’s utility or use-case(s) prior to your entry, or was it just a YOLO because you thought it would catch hype? + +Did a low market cap/circulating supply affect your decision to buy in? + +What was your entry and exit price (if you remember)? + +Did you sell near the top or hold through the pump and become a bag holder? + +I’m interested to hear your stories! + +Personally, I threw a decent amount into a low market cap alt (won’t reference it specifically to avoid a shill) a few months ago and was up over 650% after about 45 days. I sold off a good amount and continue to hold 2.5x my initial investment. + I'm in Seattle and we are apparently leading the slow down. Dropped 13% last year in price. It's been rough since, a little bit of appreciation since last year but not much. + +Pending home sales matching downward trend of last crash (so far) + +Foreclosure starts matching downward trend of last crash (so far) + +Interest rates rising matching downward trend of last crash (higher rates do slow demand, look at the charts out there…) + +Vacancy increasing matching downward trend of last crash (due to new inventory) + +Rents decreasing matching downward trend of last crash (due to new inventory) + +New construction permits matching downward trend of last crash (so far). +1000$/month? After mortgage, vacancy 5%, prop management, maintenance, etc?? I’m subscribed to this guy on YouTube who only collects 200-500$ per door. 200 per unit seems so little.. low cash on cash return. +I started 3 years ago and I'm currently feeling hesitant holding the SFH we currently rent out. It has been a bit of a money pit and I don't have enough experience to know whether to stick it out or to cut and run and to get the money out and put it into something else. If we stick it out itll be 5 years for us to break even and who knows what may happen in that time. I hope your stories will help me gain some perspective. Thanks! +Hello Fellow Real Estate Investors. + +So a quick summary of my R.E.I. background. + +2015: Bought two family with mortgage - lived in one half + +2016: Bought another two family with mortgage moved into one half rented the other; rented the whole original two family + +2018- Bought a trashed 2-family with Cash, Rehabbed and rented - pulled equity out + +2019 - Bought a single family Cash - Rehabbed and Rented - Have owned for 4 months + +2020 - Bought Single family - Rehab underway. + +&#x200B; + +I have recently wrapped up my 4th proeprty with BRRRR (Buy, Rehab, Rent, Refinance, Repeat) and am currently working on the 5th. Now I want to keep this ball rolling on properties but have run into a speed bump that will slow down this process for me. Most lenders that will refinance my 4th property want a seasoning period of 6 months. This is causing me to leave a large portion of money tied up in the property for 6 months, stopping me from getting another property as quickly. + +So my question is: + +\- Do you know of any lenders that will work with a shorter seasoning period (3 months or less is ideal) + +\- Also, I'd love to hear what methods you have used to keep the BRRRR method rolling quickly and effectively. + +&#x200B; + +Thanks in advance! +When I went to high school there was no education on economy, let alone classes on how the stock market operates. Instead I learned the basics of economy when I went to college. I know teens don't have much money to invest and it's not even legal to invest at their age but teaching the importance of saving money and basics of compound interest would be beyond beneficial at their age. + +Instead of nonsense classes like jrotc or French(which is completely useless for a teen), high schools across the world should be teaching the basics of economy. If there was economy or a market class back when I went to high school, I would of invested at an earlier age rather than waiting later in life. + **TL;DR** u/MustbetheEvilTwin sent several concurrent **FOP** Transfers from a Swedish broker (**AVANZA**) to **IBKR**. Somewhere along the line **IBKR** received more than Was sent. MbtET was then able to **DRS** his shares plus the new extra ones to **CS** + +Point to consider What is interesting to me is not what was gained ( MbtET will be fixing that) it’s that it was even possible to create shares from nowhere. Anyone doubting the DD this proves that the whole system is based on handshakes and promises and not actual shares. + +It should be impossible to **DRS** shares to **CS** when He did not buy them. But due to ***t+*** loopholes it possible to game the system. + +He did this by accident and I’m a smooth brained ape - imagine what a shf fuk could do with training, and millions in backing. + +The how + +MbtET has been on a long and at times difficult journey to **DRS** shares to **CS**. After struggling with **AVANZA** to **drs** directly He eventually set up an IBKR account and FOP to it. This resulted in several FOP transfers being initiated at the same time, for a verity of different reasons. Everything was fine for the first 1-2 but then the third and fourth (for 14 and 23 shares respectively) went well, but then odd things started to happen. + +Upon was checking his account 2 days later It seemed he had more shares in the account than expected. + +Now you might wonder why He did not notice straight away . Well this was in Aug - where We europapes were on a mission to DRS and so He started to diversify brokers to try several different ones ( Again in Europe so it’s not straightforward and this was before all the how to **DD** was done or list of brokers that facilitated it). + +This led to MbtET spreading resources and buying in different brokers and at different prices … We keep a spreadsheet of holdings. But it’s still needs updating manually. + +Any way MbtET has more money than sense (smooth brained ape) and ended up with 37 more in IBKR than expected. But He checked with them and they reassured him everything was fine. And then when He checked **AVANZA** He saw that He had transferred 37 shares in total as expected (I.e the 14 &23) and He assumed this to be correct. + +1 week later MbtET then DRS shares in all stocks from **IBKR** to **CS**. + +The total is xxx now but this does include 37 more than I paid for, as he had FOP 14 & 23 but also one for 37 (good red wine may have been consumed) + +These shares where created out of thin air in a technical mix up from **AVANZA** /**IBKR**. But now they are held in his name in **CS**. + +Fixing the problem **IBKR** have asked MbtET to check the account as they think that is something amiss ! Lol . Which is how I found this out. They have made threats of closing positions to fix the problem ( good luck with that as my account is now empty as everything is in **CS** IKBR are only transitory for us euroapes) . MbtET will be speaking to them on Monday and will probably have to pay for the 37 phantom ( luckily He has cash for this as was planning on buying more to drs ). MbtET does not want to be margin called by them . So will get this sorted as soon as I can. +If a stock increases 300%, traditional market sentiment dictates that you SELL DUMMY! + +BUT, we don't! This frustrates shorters so much because the holders of the stock are impervious to emotional manipulation. Everyone needs to stick to being 'stupid' in terms of unusual financial sentiment and hold even through crazy gains that 'should' be realised by any rational investors. + +Diamond hands HAVE to be traditionally irrational hands. Keep holding! +I recently switched my mortgage payment form monthly to fortnightly after reading a post on here about the benefits of doing so. Keen to hear what your top money hack is! What’s are the easy/low effort things you do that saves you big? +I'm interested because I'm having to teach myself things I had no idea about but I've gotten a general understanding. I've had to do so much research. People that studied economics or finance probably dominate in this industry. What's your background (academically or work wise) and what made you turn to forex ? +I am completely new to forex, fresh out of university, and despite my lack of experience or relevant knowledge, Samuel & Co has offered to hire me as a junior forex trader. However, the hiring process seems to involve several fees totaling several hundred pounds (and additional fines if I don’t reach my monthly target of 4% return). Is this typical of the industry? Am I making a mistake? +I started trading around 3 months ago, I’m trading through someone that sends me trades and I copy them. I know how trading works and I know you don’t win every time that’s obvious, but over the 2-3 months I’ve been copying his trades, I’ve gotten down to a 10nth of my original investment, I’ve used risk management but i still never get any profitable trades and when I do they’re tiny and I loose them anyway due to so many losses. He has a good reputation so I put this to the back of my mind but all I can’t think about is the fact he’s giving all these people that are copying his trades certain trades so he can bet against them and win for himself. I genuinely want to change my life trading and I want to take it serious, but this doesn’t help. If someone can send me a message to converse about it that’d be great, thanks. +Is it better to start with a 100k prop account as it’s easier to make money as your get more profit from each trade rather than a 10k account. Like I have had a few 100k demo accounts and always have turnt them to like 200k before they reset automatically . But if I was to start On a 10k account they profits would be divided by 10 so a £400 trade would only really be £40 on a 10k account. I prefer the short and sweet trades that bounce up quicker with say 8 lots +Hi all- I should have made this post a long time ago... + +Last year (around the early stages of the GME debacle) I got more and more into buying/selling stocks. Sadly, I am not cut out for this and made some very poor choices- down about 25% on the year while the rest of the market is up that same amount on average.... + +suffice to say- when should I bail on my individual stocks? I have about 15K in an IRA right now, and I don't want to continue to lose it... should I sell all of my individual stocks and put them into a SPY or some type of index fund? + +Currently I am holding ... + +URG- basically net zero gains, cost basis $1.22, currently at $1.22 + +TLRY- mega loss, cost basis $22, currently at $7... + +EVGO - in at $21.87- currently at $9.94 + +PLTR- in at 35 + +SENS + +CLSK- in at 29, now at 9... + +RYCEY + +ICLN- really getting creamed, cost basis 31.96 + +The more and more I type out each detail of each loss, I feel like more and more of an idiot. + +Any guidance would be truly, truly appreciated. Please let me know if there is any other info I can provide... + +&#x200B; + +Edit--Never imagined I'd get so many replies. Thank you all so much for your responses, it has been truly helpful. Im going to cash out on the worst of the worst and put them somewhere safe like vti or voo and try to forget about it. Maybe I'll reserve a small % of portfolio for dumb shit..but not for now. Thanks again everyone!!!!!!!!!! I am evidence that the internet can be both bad and good depending on how critically you think about it +I'd like to cut down my hours at work. I have extensive real estate holdings which will make this possible. Recently started a dividend portfolio. I like DIVO and JEPI. Any good ideas on how to subsidize my income longterm with dividend investing? +a lot has happened since my last portfolio post. For example, i bought and profited on AMD and CLOV + +I also added $175 back a few months ago. + +&#x200B; + +Current Value: 763 + +Money added to account: 675 ( minus dividends) + +My yield is 2.71% and Yield on cost is 2.93% + +&#x200B; + +I own 1 share $KMB (consumer defensive) + +4 shares $KO (consumer defensive) + +4 shares $PLTR (Technology) + +2 shares $TFC (financials) + +2 shares $SCHD (ETF +**EDIT - Seeking alpha has a good article on why. Do a search for "Seeking Alpha MPW" and it's the August 8th "The Only Bear on MPW" article.** + +If you've already used up your free SA articles for the month, use your throwaway email address to create another account to sign in and read it. + +&#x200B; + +MPW is an interesting REIT - they own medical facilities, hospitals, clinics, and the like. People are always gonna get sick, right? And the yield is a whopping EIGHT PERCENT. Nice. + +However, they have a major tenant, Steward, that has struggled during the pandemic, because Steward's profitability is down. During the pandemic, hospitals were unable to perform nearly as many elective procedures during the pandemic due to the number of hospital beds/space devoted to pandemic treatment. No elective procedures means a lot less money/profit for Steward. + +It seems that Steward's tenancy makes up 20% of MPW's holdings. That doesn't seem too diversified to me. To counter Steward's slide, MPW made some sort of loan to Steward to prop them up. While this is perfectly permitted - REITs can get a significant percentage of their income from non-real estate sources - *this was not viewed well by the market*. The price took a major beating, sliding from the low 20s (21-23) down to about 16. Ouch. + +However, in their latest earnings conference call, a month ago, they took a lot of time explaining how Steward has turned things around, there's no need to fear, Underdog is here. Steward's profitability is fully on the mend, nothing to see here, move along. Great, right? + +Well, if that's the case, then why has the stock continued to tumble a further 10% from August 3rd to today - down from 16.07 to 14.40? They can't lie when they give out this info, can they? So, if everything's hunky-dory, all sweetness and light, why hasn't the market reacted by snapping up MPW and raising its share price? + +**What's still wrong with MPW?** What am I missing here? +Hi I’m new to dividend and first of all, is buying etf in brokerage account a good idea? + +I have about $750 and was wondering if I should buy 2 QQQ or 9 SCHD. + +Thank you. +For those who don't care for reading the techincal details, you can jump down to **TL;DR Starting Point** at the bottom. + +DISCLAIMER: I only started looking into this stuff a few hours ago, so a lot of this is just speculations from reading specification documents with a background in software development. If anyone here knows more about any of this please let me know and I'll make updates as needed. Also, I am not a financial advisor so be sure to do your own research before making any decisions and none of this is financial advise. + +\-------------------------------------------------------- + +UPDATE: It looks like we should be able to use Yahoo Finance as well for "delayed price" since it is now working again for BRK-A. Interestingly, it is showing that information as coming from NYSE which further strengthens my confidence that we shouldn't have the same types of issues with GME during the MOASS. + +🚀🚀🚀🚀🚀 + +\-------------------------------------------------------- + +Happy Cinco de Mayo my fellow apes! + +This morning like many of you I was reading the [morning post](https://www.reddit.com/r/Superstonk/comments/n5cryg/ama_day_wednesday_superstonk_daily_dd_05052021/) from r/Superstonk's mod team, but I got a bit concerned when I came across the news about BRK-A breaking NASDAQ due to its price going over their upper bound of $429,496.7295. As a software developer that number stood out to me because it looked exactly like the upper bound of unsigned 32-bit integers, **4294967295**, but offsetting the decimal place 4 digits over. + +After some further reading others mentioned that this is may not be a concern for us since this issue affects NASDAQ but GME is instead traded over the NYSE. However, after reading that I didn't like "hoping" that NYSE was in a better place than NASDAQ for us since last I checked the floor has been far above $420K for quite a few months now. So, let's do some digging! + +First off, I wanted to figure out what NASDAQ and NYSE were using for their trading protocols since that is where all the live ticker action for stocks will be coming from. A brief look at [wikipedia](https://en.wikipedia.org/wiki/List_of_electronic_trading_protocols) tells us that NASDAQ are using protocols called [OUCH](http://www.nasdaqtrader.com/content/technicalsupport/specifications/TradingProducts/OUCH4.2.pdf) and [ITCH](http://www.nasdaqtrader.com/content/technicalsupport/specifications/dataproducts/NQTVITCHspecification.pdf), and NYSE are using one called [Pillar](https://www.nyse.com/pillar). + +My initial findings from Pillar we are bit discouraging, looking at a [document](https://www.nyse.com/publicdocs/nyse/markets/nyse/Pillar_Differences.pdf) that compares it to Arca (what looks to be the predecessor of Pillar?) on the first page it tells us: Current: Max Price supported for order entry is $99,999.99. + +Pillar: Max Price supported for order entry is based on the binary u32 limitation in XDP for price: Price scale for individual securities is published in the XDP Symbol Index Mapping Message. + +* Max price for securities with a price scale of 6 is $4,294.67296. +* Max price for securities with a price scale of 4 is $429,467.296. +* Any price above these maximums will be rejected. + +Which is just a long and roundabout way of saying it has the same limitations as NASDAQ where it the largest price it can handle is $429K, but it says this limitation is only for "XDP". I found that "XDP" stands for "Exchange Data Publisher" and gets explained further in [another document](https://www.nyse.com/publicdocs/nyse/data/NYSE_Global_Index_Feed_Client_Specification_v1.10.pdf) for Pillar's "XDP Client specification". On page 14 it states that they only use 32 bits of data (i.e. 4 bytes) to send over price data and on page 22 explains that it uses the following formula to read the price: + +Price = Numerator / (10\^PriceScaleCode) + +For those who are not mathematically inclined, this is just a fancy way of saying "instead of storing 27.56 we store 2756 and tell you to move the decimal point over 2 digits to the left" where the price scale / scale code is that number that tells you where to put the decimal point. + +While this seems to be painting nothing but bad news so far, I was still optimistic and kept plowing further ahead to see if the specification for Pillar as a whole (not just the XDP client specification) looked any better. Looking at the homepage for their website that I linked above, it looks like Pillar has two underlying versions of its protocols: Binary and FIX. + +Starting with the Binary version, the [latest specification](https://www.nyse.com/publicdocs/NYSE_Pillar_Gateway_Binary_Protocol_Specification.pdf) on page 8 outlines that the price data type they use is an "Unsigned Little Endian 64 Bit with Price Scale of 8", which is fancy talk for saying the theoretical max price is: **$184,467,440,737.09551615**. + +This is certainly an improvement from $429K and tells us that at least in some part of the NYSE they have the capacity to handle prices greater than $429K. Before I dig any deeper into that line of thinking I also wanted to check the FIX version of the protocol. + +A brief search tell us that "FIX" does not mean it is "fixing" anything but is rather an acronym for [Financial Information eXchange](https://en.wikipedia.org/wiki/Financial_Information_eXchange), which is not something specific to NYSE but rather is a specification used by the greater market as a whole. Pulling some snippets from the that wikipedia article, "According to the FIX Trading Community, FIX has become the de facto messaging standard for pre-trade and trade communication in the global equity markets," and, "FIX is widely used by both the buy side (institutions) as well as the sell side (brokers/dealers) of the financial markets". So it is very possible this is the version of the protocol that you would see with your broker when you try to make buy/sell stocks. + +With that out of the way, looking at the [specifications document](https://www.nyse.com/publicdocs/NYSE_Pillar_Gateway_FIX_Protocol_Specification.pdf) on page 21 it tells us that the price field they send has a range of values between $0.000001 and **$999,999,999.999999** and is utilized by: + +* NYSE +* NYSE American EQ +* NYSE National +* NYSE Arca EQ +* NYSE Chicago + +Which is definitely greater than $429K but may crush the hopes of any dreams some of you may have for the price reaching over $1 billion per share (well, the price can get to that point but Pillar cannot handle orders for those price points). + +# TL;DR Starting Point + +Bringing this all together, it looks like NYSE's Pillar specification (both the binary and FIX versions) can handle prices over $429K currently. The caveats is that the XDP data from Pillar that is used for real-time data can only support up to $429K, but the specification used by the brokerages for buying and selling (which look to be the FIX version) can handle right up to $1 billion per share. So even if real-time data for GME is lost for watching stock tickers you can still go to your broker's site and look at what the bid/ask price is for the stock on their trading page (e.g. right now you can do this for BRK/A on Fidelity to see their price even though real-time data is disabled). + +**ELIA**: If GME goes over $429K and stock ticker sites disable real-time data for the stock, you should still see the price from your brokerage on their trading pages and can still sell your shares over $429K. + +EDIT - Slight formatting & grammar fix +Unlike other blockchain games that are currently released, Guild of Guardians will focus on creating a really enjoyable gameplay first and the earning aspect will be the cherry on top. This is crucial for building a sustainable model. The game is not yet released but from my experience, the best thing you can do is get in as early as possible. If I’ve caught your attention, continue reading below! + +&#x200B; + +https://preview.redd.it/26a66w0p95j81.jpg?width=1200&format=pjpg&auto=webp&s=2ac4c3b523392fd7285cf039b5ab515d08fc690e + +**What is Guild of Guardians?** + +Guild of Guardians is undoubtedly one of the biggest projects in GameFi with more than 500,000 community members across social media platforms & a pre-registration list. If you’re familiar with the NFT gaming space, you have most likely heard of GoG. It will be a free-to-play mobile fantasy RPG game heavily focused on action and guild mechanics. Built on the dominant Ethereum network with ImmutableX as the layer 2 scaling solution. This promises instant and most importantly gas FREE transactions. + +The goal will be to build a strategic team with your guildmates and venture into dungeons to complete challenges where strategy will be as important as skill. The team composition, synergies and play styles matter as well as timing and fast reflexes to dodge. Using the newly acquired experience and items players will be able to progressively enter harder dungeons and earn better NFTs. Not only that but guild raids, PVP, land gameplay, Esports and etc. I believe at this point you already know why Guild of Guardians has such a massive following, but there is more. + +&#x200B; + +https://preview.redd.it/9n082wbe95j81.png?width=1920&format=png&auto=webp&s=627ab18af75119a3ff64deafc94b52bec450c0ee + +**Guilds** + +As you can probably guess by the name, Guild of Guardians will heavily focus on the guild component. If you want to potentially earn money, be competitive and enjoy the game to the fullest you definitely have to join a guild! To create a guild you will be required to hold a guild token. They are of different rarities and prices of course. The guild tokens sale quickly sold out so the only way to get one right now is on the secondary market. Now would be the perfect time to buy an Adventurers/Warriors Guild (Which is the cheapest and smallest one) because of the current market conditions. The bigger guild tokens (Legends and Mythic) haven’t seen much of a drop and are holding their price but they are for serious investors (Apes). They start from $100,000 for Legendary and 2,6 million for Mythic ones. + +&#x200B; + +https://preview.redd.it/4dhus82g95j81.png?width=672&format=png&auto=webp&s=50909276b853afd8ea9d1811aeee4f2239204d54 + +**How can you earn** + +There will be multiple ways for you to earn. The first and probably most used one will be guild crafting. For your guild to craft, you will need to play together and loot the necessary materials. Planning and diversity in your heroes is important here because some materials will only drop for heroes of certain factions. Guild crafting will be the only way to create new NFT items in the game so you would want to find a guild as soon as possible. + +The second way to earn, which will be really pleasing to free-to-play fans, is by merging heroes. Players will be able to earn common heroes (non-NFT) which can then be merged into Rare ones (NFT) and then play them to start earning more. You can even work your way up to owning a Legendary hero with merging. The cheapest founder Legendary hero as of today is $720. + +Apart from that, there will be daily token rewards that can be earned by progressing milestones, completing daily quests and etc. Leaderboard prizes, NFT drops from Guild Raids and Guild wars are also in the planning. + +&#x200B; + +https://preview.redd.it/iurhkr6h95j81.png?width=1096&format=png&auto=webp&s=14655946401ae6e95901f73054dd3d3203e19be1 + +**When can I play?** + +According to the updated roadmap released by the team, the pre-alpha demo will be released in the first half of 2022, although the team has stated they are on track for the first quarter of 2022. The Testnet alpha will be launched in the second half of 2022, release on main-net is planned for the first half of 2023 and the full polished game is set to be released during the second half of 2023. Yes, it is a long wait but in the GameFi world the earlier you join the better. There will be more events, contests and hopefully sales before the release and prices will only go up the closer we get to release. + +I am looking forward to seeing where this project takes blockchain gaming and am sure it will be one of the first to start disrupting the current gaming industry. I tried covering most of the key points but please let me know if I missed something. Will be answering all questions in the comments + + +(Due to Superstonk's rules, I cannot post the Discord link here. If you are interested in learning more, you will be able to find the Discord server on their website!) +My mom's estranged father passed away recently in a motorcycle accident (death was in TX; he is from AZ) leaving ~$7.5K in credit card debt. He is single and has two grown children, both in their 50s. His assets include ~$2.5K in checking account, a ~$13K truck, and a ~$3K (homemade) travel trailer. My parents want to liquidate his assets to cover his debts (saying "it's the right thing to do"), but I urged them to just keep the cash and submit a death certificate to the credit card company. I told them under no circumstance are they to assume ownership or make payments for this debt. However, they are afraid if they keep his assets creditors will come after them for the debt. Do you all have any advice or resources I can give them? +Apparently I don't understand shit when it comes to stocks lol the fucking call calculator told me I should b up 1k but instead I'm down nearly 80% because of some bullshit thing called IV crush I do not get how puts and calls can lose money when it went up so fucking high from earnings. Whatever this retard is done with stocks folks I'll just save my money like a normal person and make my monthly car payment and die poor I guess. 🙃 I'm more angry at myself then anything because obviously I have to smooth of a brain to understand simple shit like IV crush and I figure if I don't understand the game why play it. Luckily I'm not financially broke my dreams r just crushed for now + +Edit: okay well maybe I'll b back I'm not sure if I learned my lesson yet +Silver Bullion Market is one of the most manipulated on earth. Any short squeeze in silver paper shorts would be EPIC. We know billion banks are manipulating gold and silver to cover real inflation. + +All of the best mines for silver have already been depleted in recent years. There is a severe supply shortage developing. At the same time, demand is skyrocketing. Solar panels, electric cars, electronics and many other products need more silver than ever. + +Both the industrial case and monetary case, debt printing has never been more favorable for the No. 1 inflation hedge Silver. + +Inflation adjusted Silver should be at $1,000 instead of 25$. + +Why not squeeze $SLV to real physical price. + +Think about the Gainz. If you don't care about the gains, think about the banks like JP MORGAN you'd be destroying along the way. + +Tldr- Corner the market. Gold Ventures thinks its possible to squeeze $SLV, FUCK AFTER SEEING $AG AND $GME EVEN I THINK WE CAN DO IT. BUY $SLV GO ALL IN TH GAINZ WILL BE UNLIMITED. DEMAND PHYSICAL IF YOU CAN. FUCK THE BANKS. + +If the brokerages close trading on $SLV or various silver miners, we can continue to squeeze the market by purchasing physical silver at online or local silver/gold dealers. It all trickles into COMEX to squeeze supply. + +Disclaimer: This is not Financial advice. I am not a financial services professional. This is my personal opinion and speculation as an uneducated and uninformed person. + +Follow On Twitter at Galactic\_Trader + + Tweet this post to your followers on Twitter or other social media. Ask them to Retweet. + +https://preview.redd.it/udnojohal3e61.jpg?width=1049&format=pjpg&auto=webp&s=c5be503e801daf878567cf4a520e9e2beea241ed +Guten Tag to this global band of Apes! 👋🦍 + +Apes, it feels like events are quickening, with each day in the Institutional Shorts' struggle to survive costing them another whack of the MOASS piñata. Yesterday opened with another highly-concerning inflation number, showing that the Fed's monetary policies continue to drive the US economy toward the brink of disaster. Meanwhile, Ortex again showed GME at 100% utilization (as well as a short squeeze signal, for what it's worth) and we saw an early price-bump back above $130. Meanwhile, Credit Suisse reported an enormous loss for 2021, and Melvin Capital continues to have a downright awful year, possibly having been margin called yesterday. + +All of these things show how volatile the situation going forward is for the SHFs. They are up against unstoppable forces - GameStop is in an incredibly strong position to revolutionize retail, with an enormous warchest, a team of high-performing true-believers, an enthusiastic customer base, and partners lining up to join their movement. Our Diamantenhände have brought us this far, and *nobody* is selling. DRSing your shares will keep the pressure on, and we may soon see exactly what a squeeze with the float locked in ComputerShare looks like. + +Today is Friday, February 11th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$119.74 / 104,67 €** *(volume: 1478)* +- 🟥 115 minutes in: $120.31 / 105,17 € *(volume: 1409)* +- 🟥 110 minutes in: $120.32 / 105,19 € *(volume: 1355)* +- ⬜ 105 minutes in: $120.35 / 105,21 € *(volume: 1352)* +- 🟥 100 minutes in: $120.35 / 105,21 € *(volume: 1352)* +- 🟥 95 minutes in: $120.44 / 105,29 € *(volume: 1297)* +- 🟥 90 minutes in: $120.55 / 105,39 € *(volume: 1294)* +- ⬜ 85 minutes in: $120.62 / 105,45 € *(volume: 1294)* +- ⬜ 80 minutes in: $120.62 / 105,45 € *(volume: 1285)* +- 🟥 75 minutes in: $120.62 / 105,45 € *(volume: 1278)* +- 🟩 70 minutes in: $120.74 / 105,55 € *(volume: 1269)* +- 🟩 65 minutes in: $120.58 / 105,41 € *(volume: 1214)* +- 🟩 60 minutes in: $120.34 / 105,20 € *(volume: 1213)* +- ⬜ 55 minutes in: $120.31 / 105,17 € *(volume: 1210)* +- ⬜ 50 minutes in: $120.31 / 105,17 € *(volume: 1175)* +- 🟩 45 minutes in: $120.31 / 105,17 € *(volume: 1175)* +- ⬜ 40 minutes in: $120.28 / 105,15 € *(volume: 1168)* +- 🟥 35 minutes in: $120.28 / 105,15 € *(volume: 1166)* +- 🟥 30 minutes in: $121.42 / 106,15 € *(volume: 576)* +- 🟥 25 minutes in: $121.45 / 106,17 € *(volume: 574)* +- ⬜ 20 minutes in: $121.51 / 106,22 € *(volume: 522)* +- 🟥 15 minutes in: $121.51 / 106,22 € *(volume: 202)* +- ⬜ 10 minutes in: $122.11 / 106,75 € *(volume: 192)* +- 🟩 5 minutes in: $122.11 / 106,75 € *(volume: 107)* +- 🟥 0 minutes in: $121.71 / 106,40 € *(volume: 106)* +- 🟥 US close price: $122.47 / 107,06 € *($121.39 / 106,12 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1439. 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! +Just read numerous articles that capital gains tax could be increased to fund the debts incurred during this COVID era. + +Those in the higher band could pay 40% CGT on any profits, and those in the lower band could pay 20% CGT. + +The higher band in particular seems pretty astronomical, wiping out nearly half of your gains. + +Slightly concerned by this. +I'd like all the usual stuff like low fees, a nice UI, reliable, etc but also convenient to get £GBP in and crucially out. I have Crypto.com at the moment but you have to get money out in Euros which is a pain. +Hello and good day, + +I’m a recent foreign graduate who has just started living and working in London. My family want to purchase a property in London for me to live in and for them to be able to visit once a year. I am currently thinking of purchasing a one-bed. + +I am planning on living in this property for at least a good 3-5 years, and hopefully by the second year I will have settled in and adjusted myself to the commute etc. My work location may vary as I work on construction sites for two/three years per project. However, I am also considering this as an investment with the option to sell in the future. + +I am currently thinking of purchasing somewhere as a first time buyer in Nine Elms/Battersea as I have heard a lot about the new development and how the area will grow. Whilst doing a lot of research, I have come across the fact that the property prices in London have decreased and are quite low now. + +&#x200B; + +[source: Savills UK](https://i.redd.it/rpl4sin1zo831.png) + +However, I am concerned with a two things that I am hoping I can get your advice on: + +**1. Brexit** – The current house prices are low, and the sources I have been reading have suggested that Brexit will not affect house prices majorly. Moreover, leaving Europe may mean a higher requirement for foreign investment. ***How do you think Brexit will affect prices? How much lower can they go? Would it be better to wait a year and see?*** + +**2. New-Build (Premium) vs Second Hand** – There is obviously a big premium on new builds, because of an extended warranty etc. and buying a second hand home may mean more maintenance issues etc, but at a potential lower cost. Speaking to agents, they have offered pretty good deals, sometimes dropping prices by about £80k with a cash purchase upfront, decreasing the price by about 10-12%. ***Buying a new build may be more attractive when looking to resell in several years.*** + +Based on these two issues, what would you advise me on doing? + +Thank you for your time :) + + +NB: I am posting this on several subreddits to get as much of an opinion as possible. Thanks! +Hi there, I'm looking to purchase a property in London. The area i'm interested in is Canary Wharf/Greenwich as the environment is quite nice. I've viewed a few 1 bedroom apartments (all around 50 sq mtrs) and made offers for the ones i like. They are all low-rise / around 20 years old / and all have cladding issues which i hear requires about £5k-£20k and is cash only (which i am fine with at the moment as i have cash sitting in my home country). They are advertising at around £300-330k. The thing is i've made offers for them at around 15-20% discount and 2/3 i've made offers for have come back accepting the offer rather quickly - at basically the same price the owners bought the apartment for back in 2013/14. I'm wondering am i missing something here? Is this good value because i can muster just enough cash with my boyfriend to purchase? Or is there some serious risks and costs i'm not accounting for with the cladding issue? +Hi all, + +I understand that if you're planning on investing into a share that you could look to "trickle" your money in over a period of time rather than all at once. My question is, how do you decide what the next share price should be before your next investment? + +I've invested an initial sum in Lloyds at 37p per share and it's currently down at 35p (\~5.5%), so I'm considering whether it's time for another purchase to bring my average down. I believe that Lloyds will recover to around 60-70p over the mid/long-term so I'm happy to hold but I'm just wondering if I'm choosing my levels right (i.e. if it continues to fall, top up at 35p, 33p, 30p and vice versa if it picks up)? + +Any insight into how you decide when to buy shares you already hold would be helpful, thanks! +I see a lot of posts on here about people suggesting to just put your money into a vanguard global index fund and forget about it. + +I understand the logic behind why that would be a reliable bet over the long term. However, given that managed funds like Lindsell Train Global Equity has averaged something like 20% over the last 5 years, why do so many people advise steering clear of managed funds because they won’t do better than the global index? + +Can anyone explain this clearly for me? Is it because, yes, Lindsell train has smashed it over the last few years, but could just as easily take a turn at some point and start underperforming against the global index over a longer timeframe? +Hi, Over the past few weeks I've been thinking about splitting some of my savings off into stocks for the long term (I don't plan to withdraw any of this money until retirement in 40 years) and have ultimately decided ETFs are probably my best option rather than individual stocks. + +I'd like to get an opinion on the following ETF choices and my planned distribution between them: + +* S&P 500 (VUSA) - 40% +* FTSE 100 (VUKE) - 30% +* Developed Europe EX UK (VERX) - 20% +* Japan (VJPN) - 5% +* Emerging Markets (VFEM) - 5% + +I will be initially putting in £2000 and £100 - £150 per month thereafter, all dividends would be re-invested (maybe that's standard anyways?). + +My rational for this rather than just using a world-wide ETF is, I get to control what I personally want my distributions to be and can change them when I want which at this point is heavily USA and UK based. + +What are the upsides / downsides of this plan baring in mind this is planned for a 40 year investment period? (The vast majority of my money goes into easy access ISA accounts so I have no issues not touching this for a very long time) + + +What is FairSafe? + +At first look FairSafe might look like another safemoon clone, these are very popular here in the last month. Well, it is a safemoon clone, to be honest. But only for now. + +Most of the projects on Binance Smart Chain are shady, the devs are annonymous, some rug and some dump. + +But FairSafe is offering us something else. Developer, who is fully honest and **doxed**, well thought out **roadmap.** + +So, you are asking, what is the long term vision? + +The main goal behind the project is to migrate from Binance Smart Chain to Polygon! There is also a NFT marketplace coming up and more - take a look for yourself: [https://fairsafe.gitbook.io/fair-safe/](https://fairsafe.gitbook.io/fair-safe/) + +Okay, but let's take about present, since you are investing now, not later! + +So for now the token operates on BSC and has a 8% fee to transations, 3% is distributed to existing holders, 5% goes to Liquidity. + +The liquity is locked until 2025 - I cannot say no chance or rug since you really never know, but atleast they cannot pull the liquity. + +You are very early, the coin is just launching! + +Join our community and see for yourself: [https://t.me/fairsafe](https://t.me/fairsafe) + +Where can you buy it? Pancakeswap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xEE738a9e5FB78c24D26ceCD30389ED977C38D0Ca](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xEE738a9e5FB78c24D26ceCD30389ED977C38D0Ca) + +Chart: [https://poocoin.app/tokens/0xEE738a9e5FB78c24D26ceCD30389ED977C38D0Ca](https://poocoin.app/tokens/0xEE738a9e5FB78c24D26ceCD30389ED977C38D0Ca) + +Bscscan: [https://bscscan.com/address/0xEE738a9e5FB78c24D26ceCD30389ED977C38D0Ca](https://bscscan.com/address/0xEE738a9e5FB78c24D26ceCD30389ED977C38D0Ca) + +Goodluck and invest safe! +https://www.bloomberg.com/graphics/2018-tesla-tracker/ + +With all of the posts on Elon's personality going on, I figure I might as well post something that's actually relevant to TSLA the company itself. + +Its hard to keep up with all the rumors behind the Model 3's manufacturing rate. There's been rumors about a SiC Mosfet shortage, large amount of rework needed, and things of that nature. Today, Elon removed two color options on the Model 3 (which should improve the production rate slightly). + +In any case, it seems like the 5k / week from July was an unsustainable figure... or maybe a "burst mode" figure at best. It may be a bit longer before the Model 3 actually sustains 5k/week production. + +Or maybe not? There were a good 4 weeks of ~6000/week or ~5000/week production in July and August. So maybe this really is the SiC MOSFET issue coming up? +I was thinking about this the other day and I remember seeing people in this sub that have portfolios that hold more than 30 stocks. I've seen upwards to 50+ stocks in one portfolio. + +Personally, my portfolio has roughly 15 stocks and in the New Years I made a few rotations and now currently have 12 individual companies. I have a goal to analyze one company a week. I would gather up news articles, etc. throughout the week and read the annual/ quarterly reports throughout the week and do all the financial analysis and modelling on the weekend. This is typically enough work for me to keep me busy, along with keeping up to date with the ER for the current holdings. + +Which brings me to a few questions in your massive portfolio: how are you keeping up to date with them and how are you selecting them? If you are investing to "diversify" your portfolio, why don't you just use an ETF to diversify instead? +I have received an incredibly good job offer with a tech firm and will soon be earning £75k + 10K bonus. I was originally going to be buying a property up North to rent out whilst I progress my career in London. However, now that I will be earning well, looking on Rightmove it looks like I can afford a 2 bed flat in London/Outer London for 300-350k which is within my budget. I'm not fussed on area at all having grown up on a council estate up North myself, so as long as the flat is close to a train station/tube station (with less than 1 hour journey) to central London I will be happy. However, I'm worried that I am missing something here, whenever property prices are discussed in London there is the overwhelming consensus that it is completely unaffordable, even for those on a salary similar to mine, am I missing something here? Is it because those on my salary wouldn't want to live in an area they deem rough? Or is there something wrong with a flat/house that isn't at least 500k plus? + +For example, these are 2 flats that I have seen that look great and exactly what I am looking for but I can't seem to tell what the issue is...if there is anything?: + +[https://www.rightmove.co.uk/property-for-sale/property-93397040.html](https://www.rightmove.co.uk/property-for-sale/property-93397040.html) + +[https://www.rightmove.co.uk/property-for-sale/property-82230997.html](https://www.rightmove.co.uk/property-for-sale/property-82230997.html) + +After tax, pension, student loan etc... I will be taking home £3741 and so I am willing to pay a maximum of £2000 on mortgage/service charges/ground rent and bills (electricity, gas, water and internet). I'm fortunate that I will be able to pay off all of my student loans (plan 1) on my salary, I have approx £20,000 left to pay and will be paying approx £5,000 a year so when I am 31 in 4 years time it will be paid off and that will mean an extra £400 in my paycheque every month. Hopefully by then I will have received some sort of promotion aswell if I stick with my current company. I currently have £20k saved as a deposit with view in the next year to add another £30k, so will have a £50k deposit. + +Please could you advise if I'm missing something when it comes to buying a £300-350k property in London on my budget? or is there anything that could add significant charges that I am missing? +$TENDIE the core utility token of the TendieSwap ecosystem currently has a $20mm MCAP in 3 weeks and a deep tight knit community of long term HODLers (5000+ wallets). It has already started it’s journey to becoming a future DeFi powerhouse. Don’t miss out the largest DeFi ecosystem coming to Polygon. + +🚨www.tendieswap.org🚨 + +Get your chicken tendies ! + +The $TENDIE ecosystem coming soon on POLYGON And BSC is divided into 6 unique worlds : + +🔥TENDIEDEX : This revolutionary Cross-chain aggregator DEX with limit orders, stop-loss functions and more combining the best of DeFi and traditional financial markets to bring an all encompassing DEX. + +🔥TENDIEBETS : The future of decentralised betting, by the people for the people. The first ever truly decentralised Peer 2 Peer betting and Prediction market on BNB, DOGE, BTC & ETH. P2P betting on binary & ternary sports, financial and other popular events. Beta version is already live and we have strong proof of concept with Mayweather vs Logan Paul fight with a large betting pool. + +🔥TENDIEFARMS: Redistribution of Fees generated by the protocol to $TENDIE holders through our non-native Farms. Stake or Farm $TENDIE to receive BNB & MATIC + +🔥TENDIEDAO : The DAO will grant $TENDIE holders the ability to vote, via staking their $TENDIE tokens, to drive decision making for the TendieSwap Protocol. + +🔥Decentralised Asset Management (TENDIEDAM) : A new revolutionary DAO run project that will include the community along with the $TENDIE board of advisors, to build a community run hedge fund. + +🔥Initial Tendie Offerings : New projects that want to launch, can approach us to use our platform for their launch. $TENDIE holders will earn the resulting fees and also have early access to the pre-sales. + +🚀ROADMAP: + +https://www.tendieswap.org/#/roadmap + +Already live with Beta on BSC and Launch on Polygon in next 2 weeks !! + + +🚀Team Bios: + +https://tendieswap.medium.com/tendieswap-team-628621ff8af8 + + + +Socials: +🐣Twitter: https://twitter.com/tendie_swap +🐔Telegram : https://t.me/tendieswap +🐔 Medium: https://tendieswap.medium.com/ + + +GET YOUR CHICKEN TENDIES!! + + +$TENDIE TOKEN ADDRESS : 0x9853A30C69474BeD37595F9B149ad634b5c323d9 + + + +Disclaimer: $TENDIE is a high risk coin. Invest with care and always do your own research. +I don’t see many traders prioritize the macd as much as I do, and i’m just kinda curious. i don’t look at the lines, but rather the volume waves. Almost all of my losses occur when i buy a stock that looks like it’s about to run up, but the buying volume is decreasing on macd, and selling volume is increasing. i’ve made it a rule not to buy until i see selling volume decrease, and my win rate is almost 80% now. So yeah, anybody else? +I currently work for a large construction company for their IT. I currently get paid $39,000 a year that includes basic benefits. I also must drive an hour a day to get to and from work. + +On Friday, I got offered a job that pays $60,000 a year (W2 and no benefits). I also will be working from home. + +Contacted my current employee HR and see if they could bump my pay up to $46,000. I will hear about it on Monday. + +I have never made so much money before. Not sure how the new salary without benefits would be. + +What do you guys think on the matter? +Title. + +I have seen so many posts about people mistyping addresses and losing their crypto recently. I am posting this again before some dude inevitably does the same thing again. + +Paying fees twice is worth the peace of mind. If you're sending a small amount and it's a crypto with high fees (BTC, ETH), I'd either leave it on an exchange if it's there, wait until ETH 2.0 if it's ETH, or just send away if its so small that you won't get bummed out if you lost it. + +Anything else and there should be absolutely no excuse for you not to send a dummy transaction. +Taxpayers who owe tax and file their federal income tax return more than 60 days after the deadline will generally face a higher late-filing penalty. Ordinarily, the late-filing penalty, also known as the failure-to-file penalty (FTF), is assessed when a Taxpayer fails to file a tax return or request an extension by the return due date. This penalty, which only applies if there is unpaid tax, is usually 5 percent for each month or part of a month that a tax return is late. + +If a tax return is filed more than 60 days after the July due date -- or more than 60 days after the October due date if an extension was obtained -- the minimum penalty is either $435 or 100 percent of the unpaid tax, whichever is less. This means that if the tax due is $435 or less, the penalty is equal to the tax amount due. If the tax due is more than $435, the penalty is at least $435. The late-filing penalty will stop accruing once the taxpayer files a complete and correct return. + +The FTF penalty does not apply to the Taxpayers who met this year’s July 15 deadline to file their individual tax return. It also won’t apply to the Taxpayers who asked the IRS for a six-month extension of time to file, as long as they file by Oct. 15, 2019. + +In addition, the IRS urges Taxpayers to pay what they owe to avoid additional late-payment penalty and interest charges. The late-payment penalty, also known as the failure-to-pay penalty (FTP), is usually 0.5% of the unpaid tax for each month or part of a month the payment is late. Interest, currently at the rate of 5 percent per year, compounded daily, also applies to any payment made after the original July 15 deadline. + +After a return is filed, the IRS will figure the penalty and interest due and bill the taxpayer. Normally, the taxpayer will then have 21 days to pay any amount due: https://www.irs.gov/individuals/understanding-your-cp14-notice + +If you are claiming a refund on your federal return and filing late, there is generally no penalty or interest charge. + +[Source](https://www.irs.gov/newsroom/irs-highlights-higher-penalties-for-some-tax-returns-filed-after-sept-14), at IRS.gov. + +[Common penalties for individuals](https://www.irs.gov/businesses/small-businesses-self-employed/understanding-penalties-and-interest), at IRS.gov. +I'm curious about an extrapolation say 1 year, 2 years, 5 years, 10 years and 50 years down the line. To quote Joe Nocera: "So much for moral hazard, because you can't let AIG fail." +I’m a huge nerd with finances, but I have yet to see an advanced flow chart or calculator that makes this decision easy. A lot of resources I’ve researched are the typical “in most cases, Roth is better.” I get it depends on several different factors, but what’s the best resource to use to make sure you’re on the right path? I always see on Reddit that a lot of people actually choose Traditional for a variety of different reasons. What are your thoughts? Any resources you can provide that will help me with my choice? +If y'all check the other sub, the narrative is that this was only the first step. Bitcoin has a difficulty adjustment coming up (~1800 blocks when I checked last night), and that's when they're hoping to "strike" and send BTC into a "death spiral." (Using their language here.) + +Remember that Ver moved a huge sum of BTC to an exchange recently, but didn't sell. Seemed puzzling at the time, but I'm wondering if he's waiting for that difficulty adjustment to try and influence the price. Just a thought. + +Anyway, good to keep an eye on what's going on over in our neighbor's yard as this situation continues to unfold. And I say "neighbor" purposefully -- I wish both camps could follow their individual visions for the two coins in relative peace. However, from reading the other sub it's pretty clear that their end game is (using their words again) to send BTC into a death spiral. + +EDIT: For those asking, I originally tried to link the the post I'm referencing, but the post was removed by the automod for violating Rule 4 in the sidebar. Here's the link: https://np.reddit.com/r/btc/comments/7cibdx/the_flippening_explained_how_bch_will_take_over + + +Alternatives to diapers: Yes, you can order cloth diapers from amazon but those get expensive quick. Flour sack towels work as diapers in a pinch. You will need to fold them into a “Kite Fold” but it’s pretty simple and there are instruction videos on YouTube. You’ll need about two dozen for a newborn-6 month old baby and only a dozen for a baby older than that. You can double them for more absorbency and pin them with baby pins. You’ll need to change more frequently if you don’t have an outer diaper cover. You can wash them by emptying the waste into a trash can and then cleaning with dawn dish soap or tide. Expensive diaper laundry soap is a comic and honestly doesn’t clean as good. Soak in bleach and wash about once a month and line dry outside to get any lingering ammonia smell out. Pin with diaper pins. Best of all they are cheap! A dozen flour sack towels is about $6.00 and diaper pins are $1-2 for a pack. +🍼🍼🍼🍼🍼🍼🍼 +Alternative to baby wipes: This one is easy. Baby wipes and a cleaning solution of three parts water to one part baby soap. +🍼🍼🍼🍼🍼🍼🍼 +Alternative to baby wash: use ten parts water to one part vegetable glycerin and one part coconut or virgin olive oil. Add essential oil if you want fragrance but look up which are safe. I stick to just a drop or two of lavender oil. +🍼🍼🍼🍼🍼🍼🍼 +Alternative to formula: Unfortunately this one isn’t safe. Please don’t try to make your own formula. + +Stay safe out there everyone! +I've always been intrigued by dividend stocks. The thought of having a constant form of cash flow/income always seemed like a good idea, and some protection from the overall volatility of the stock market. However, from what I've seen, dividend stocks tend to have less overall growth compared to growth stocks. I like the idea of putting something like SCHD or VYM in a roth IRA, but what would be the point if the S&P and Nasdaq outperform it? Are there any dividend stocks that tend to outperform the market, or is there some element I'm missing? +You're in your late 20's, no college degree. Single. In OC California. 800k cash. You also have a house worth 600k and only owe 100k left on it. + +Goal is to make money. You want to work and generate good cashflow. + +My thinking is to buy an existing business. But what kind? It would need to be easy to run/learn. Laundromat? Vending route? Liquor store? + +Any other option? +[The Atlantic posted this article on wealth](http://on.theatln.tc/PIMZNlE) and I thought it interesting on how in the survey researchers did they found wealthy people compared themselves often to other wealthier people. +I'm 35 and just paid off a car loan for the first time! + +I came close before with my last car having 6 months left when it got totaled by a hit and run. My car before that was totaled by a deer. My car before that was totaled when I was on the freeway and the car in front of me had their tire full blow out...I stopped in time but the cars behind me didn't and it was a 5 car pile up. + +So given my past bad luck, I feel hesitant to celebrate. It just doesn't feel real to me not having a car loan! +I’ve been seeing a lot of “grocery haul” pictures which is great. However one thing I always see is a package of paper towels which is a big money waster IMO. I recommend getting a stack of washable napkins, it’s a one time relatively cheap purchase. I haven’t bought paper towels in years. + +Google “paperless towels / washable” you can find them anywhere. +Federal Reserve Chair Jerome Powell said the central bank will prevent higher inflation from becoming entrenched while cautioning that the post-pandemic economy might look different than the previous expansion. + +“We will use our tools to support the economy and a strong labor market and to prevent higher inflation from becoming entrenched,” Powell said in a brief opening statement prepared for delivery at his confirmation hearing before the Senate Banking Committee. “We can begin to see that the post-pandemic economy is likely to be different in some respects. The pursuit of our goals will need to take these differences into account,” he said in the remarks, released Monday ahead of Tuesday’s hearing. + +https://www.bloomberg.com/news/articles/2022-01-10/powell-says-fed-to-ensure-inflation-doesn-t-take-root-in-economy +Just remember guys… Bitcoin went from $31 to $2 in late 2011, $266 to $100 in mid-2013, $1,242 to $600 in late 2013, $900 to $550 in early 2014, $600 to $200 in 2015, and $1100 to $750 in early 2017 to get to where it’s at now. Just hodl (or short) and stop stressing so much :) + +Well over a million new users reportedly on Coinbase alone in the last few months, vast majority waiting to get verified or their limits increased. I have two friends waiting weeks, one very well capitalized ready to buy well over a $100k worth of ETH. When Coinbase finally catches up things will stabilize and the price of ETH will start to go up again, BTC too (assuming it gets through Aug 1st) + +&nbsp; + +Right now USD is like a lake and ETH a river, and the only thing connecting them is small pipe, when that pipe gets bigger or the more pipes are added, the flood will resume. You can't expect a crypto asset with a market cap like ETH to continue to grow at the same rate when the the primary onramp from Fiat(USD) is under construction or largely closed. It's just a shame how many will give up waiting. + +&nbsp; + +ICOs my ass, the problem is ETH has grown so large that there's no enough new money coming in to sustain price growth because the largest broker/exchange can't handle it. +The Premiums on calls for PLTR@ 25 expiring 1/20/23, approximately two years from now are currently going for about $12. If you were to sell a covered call, based on the market close price of $23.90, you would have a cost basis of 11.90, and a premium of 12. But what if instead of just selling one CC, you sold 512, and then reinvested the majority of the premium back into more covered calls, and then repeated the process until you couldn't buy a full lot of shares anymore. I did the math on this, link down below, It would require approximately $ 1,223,680.00, to do so. Over the course of it you would come into possession of 102,300 shares, collect $1,227,600 in premium, spent about $400 in commissions, if it's at 0.40 a contract. + + + +Your max gain would be $1,339,720.80, assuming it ends above $25, a return of %109 percent in just under 2 years, with a break-even price at approximately $11.09. + +&#x200B; + +Now obviously selling so many options is going to affect the price, so you'll probably get a good bit less in premium then you would have, but what do you think guys, could this actually work?. + +[https://docs.google.com/spreadsheets/d/1mFw7yYPPTQzOiL4E69-08NUnA8mUhlXvQcCFa-cXvaE/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1mFw7yYPPTQzOiL4E69-08NUnA8mUhlXvQcCFa-cXvaE/edit?usp=sharing) +People seem to be aiming for 1-2% per week, but how often does that happen? The upside seems really good with this method and the risk isn't higher than just owning stocks outright. Why isn't this method more popular? Is it because everyone wants to get rich quickly or are there downsides I am missing? +If earning are revenue (all the money they make) - expense (all the money they spend), a P/E of 260 would suggest it would take 260 years to earn the $1,600 asking price. + +I get the concept of earnings growth, but revenue would need to outpace expenses by a lot just to see Amazon earn $1,600 in my lifetime. +What’s the pros and cons to this? If you put your SL at entry price then wouldn’t be basically risk free to not lose. Ideally if price goes up keep moving the stop order as well to lock in profit? +I’m working 7 days a week right now. I’m a full time worker, and I have community service every Saturday and Sunday where I am required to manual labor in the brutal heat. Yesterday my girlfriend and I did our shopping for the week. I was extremely tired from being in the hot sun all day and forgot to put away the chicken thighs. I got everything else put away, but I left out $5 worth of chicken. This morning I just broke down crying when I saw it by the door. Being poor is so hard, and these little expenses are draining me. I don’t have a message of hope. I’m just tired of everything requiring so much work and money. + Welcome to the /r/CryptoMarkets Weekly Discussion thread. The thread guidelines are as follows: + + + +\*\*\* + + + + The thread guidelines are as follows: + + + +\* Discussion topics include, but are not limited to, events of the day, technical analysis, and minor questions. + +\* Breaking news or other important content should be submitted as a separate post. + +\* Cryptocurrency discussion not related to trading should be referred to the r/CryptoCurrency general discussion thread, \[see here\]([https://www.reddit.com/r/CryptoCurrency/comments/62teju/monthly\_general\_discussion\_april\_01\_2017/](https://www.reddit.com/r/CryptoCurrency/comments/62teju/monthly_general_discussion_april_01_2017/)). + +\* Follow the golden rule and be excellent to each other. + + + +\*\*\* + + + + Resources and Tools: + + + +\* Consider joining one of the r/CryptoMarkets chat groups, \[see here\]([https://www.reddit.com/r/CryptoMarkets/wiki/chat](https://www.reddit.com/r/CryptoMarkets/wiki/chat)). + +\* If you are using RES, please click the subscribe button below to be notified when new comments are posted. + +\* To view live streaming comments for this thread, \[click here\]([https://reddit-stream.com/comments/auto](https://reddit-stream.com/comments/auto)). Account permissions are required to post comments through [Reddit-Stream.com](https://Reddit-Stream.com). + + + +\*\*\* + + + + Thank you in advance for your participation. Enjoy! +The lower number of new cases is only one day's worth of data for the US (still a possibility that it's just noise), but if this continues, then I think we have reached a point where downside is limited. It would show that we are capable of containing the virus. + +We may still have other economic consequences to deal with. Perhaps on and off quarantines until a vaccine gets distributed. But this is a very good sign in my opinion for anyone who is looking for long term buys. +**PsychoMarket Recap - Thursday, Sept 17, 2020** + +Stocks ended sharply down in a volatile trading session, as investors and traders became more cautious following the Federal Reserve’s announcement yesterday and conflicting information and timeframes regarding a potential coronavirus vaccine. + +The sell-off was led by big tech stocks, like Amazon (AMZN), Facebook (FB), and Apple (AAPL), which extended yesterday’s losses and soured overall market sentiment. It appears that after the historic rally in August and since the March bottom, traders are rethinking the prospects of a continued, sharp economic recovery in the face of no additional fiscal stimulus. The volatility this month highlights the effects this still-raging pandemic has on the economy. + +Another 860,000 workers filed for unemployment claims this week, with claims remaining below 1 million for a third straight week. The number of unemployed persons also fell below 13 million, an encouraging sign for a recovering labor market. + +Fed officials upgraded their economic projections for this year, and now anticipate a shallower decline in real GDP and a lower unemployment rate by year-end versus their early-summer projections. Still, officials suggested that the quicker-than-expected early economic recovery could be jeopardized in absence of further fiscal stimulus. Powell said, “It will take a while to get back to the levels of economic activity and employment that prevailed at the beginning of this year, and it may take continued support from both monetary and fiscal policy to achieve that.” Again, Powell is urging Congressional lawmakers to pass additional fiscal stimulus. + +The expiration of the CARES Act and enhanced unemployment benefits have left millions of Americans unemployed and without support in the middle of a pandemic. While the stock market is okay (relatively), Powell and other FOMC members have stressed the financial burden this pandemic has placed on small businesses and individuals, urging Congress to pass more fiscal stimulus. + +President Trump agrees with Powell and on Wednesday called on congressional Republicans to support a massive economic relief bill with “much higher numbers” and stimulus payments for Americans, abruptly proposing an entirely different plan from what the Senate GOP sought to advance in recent days. Trump advocated for the $1.5 trillion plan unveiled by the bipartisan house committee, the Problem Solvers Caucus. The proposal includes a new round of $1,200 stimulus checks to individual Americans, a provision omitted from an approximately $300 billion plan Senate Republicans tried unsuccessfully to pass last week. Pres. Trump said, “I like the larger amount, I’ve said that. Some of the Republicans disagree, but I think I can convince them to go along with that because I like the larger number. I want to see people get money.” + +Trump’s claim yesterday that a coronavirus vaccine could be ready by November went against statements made the same day by Robert Redfield, the head of the CDC. Redfield said he does not expect a vaccine to be ‘widely available’ until the third quarter of next year. White House Chief of Staff Mark Meadows responded by saying “not sure where Dr. Redfield got his particular timetable, but it’s not based on those that are closest to the process.” In response, the WHO said, “It is important we have consistent messaging by officials worldwide”. + +In an unfortunate development, WHO officials warned that the spread of coronavirus in Europe now is worse than it was in March, near the start of the pandemic. Europe has reported 300,000 cases in one week, the highest 7-day total since the start of the pandemic. In total, Europe has reported about 4.9 million coronavirus cases and 226,524 deaths. + +**Highlights** + +* Dave &amp; Busters warned that it would go bankrupt if they could not reach an agreement with lenders. Stock was down more than 20% today. +* Zynerba Pharmaceuticals (ZYNE) receives Orphan Drug Designation for a (CBD) Cannabidiol based treatment on the treatment of "22q 11.2 deletion syndrome". +* According to reports, Oracle (ORCL) and Bytedance are planning a TikTok IPO in about a year +* Walmart Raising Wages For About 165K Hourly Associates Across All Walmart U.S. Stores +* Cardiff Oncology (CRDF) just reported positive data on its treatment for KRAS-Mutated metastatic colorectal cancer shares are trading 57% higher +* Nvidia’s (NVDA) new RTX 3080 graphics card went on sale earlier today, but it seems the new GPU is already sold out. Stock has been on a tear lately, this is one to watch +* Herman Miller (MLHR) being quite the little beast today! up 32% so far for the day on the back of those nice earnings. +* Sorrento Therapeutics (SRNE): Received today FDA nod to proceed with phase 1 trials of STI-1499 (COVI-Guard) neutralizing antibody in COVID19 patients. Up over 15%. +* Chewy (CHWY) announced a public offering of $275 Million of shares of its Class A common stock. stock has been weak, down 3% +* Moderna (MRNA) reported collaboration to develop treatment for pulmonary arterial hypertension with Chiesi Group. Furthermore, announced collaboration with Vertex[ (VRTX) to treat cystic fibrosis. +* Penn National Gaming (PENN) target raised by Steifel Nicolaus from $47 to $85 at BUY +* Lexin Fintech (LX): National Securities reiterated $11.80 at BUY, Credit Suisse Group reiterated $11.50 at BUY. The stock is currently at $7. This is a fintech company catering to young adults in China +* JP Morgan (JPM): Had target raised by Royal Bank of Canada from $99 to $110 at OUTPERFORM +Hi r/personalfinance! + +&#x200B; + +Just wanted to make folks aware of this since I didn't find hardly any information at all about it on the interwebs or on Reddit. + +&#x200B; + +I received a letter in the mail on June 5th with the title "Important Notice of Unclaimed Property Action Required: Response By 08/15/2020". It was a letter saying that due to a sale I made on Amazon in August of 2014, I had an unclaimed balance of $55.57 that was due to me. It talked about how I needed to verify my address, claim the funds, then sign and print my name. It said that if I didn't claim the funds, then the funds would be sent to the state agency of my last known state of residence, in this case South Carolina. + +&#x200B; + +It was a very legitimate looking letter, as I'm sure all good scams tend to be, but I thought this was suspicious already for two reasons: 1) free money is always suspicious unless it's a 401k match from your employer (thanks pf) 2) I recently saw a post on here or maybe r/all were someone talked about looking up through your state agency to see if you had unclaimed property funds. While the process itself IS legit, I used that system and didn't find any unclaimed property for myself or any of my immediate family. This was maybe a month ago when I made that search, so I thought it was weird that I would all of a sudden get this letter. + +&#x200B; + +It wasn't impossible for me to have unclaimed money from 2014 either; I made an Amazon Payments account to resell textbooks I had purchased while I was in college, but knowing college me, I would have made dang sure I got $55 pretty immediately because I was broke. + +&#x200B; + +Long story short, I called Amazon customer service who then contacted Amazon Payments. They assured me that they DO NOT conduct business in this way, that the funds would have been credited to my account or I would have gotten an email about it. I got a follow up email from my customer service representative asking me to forward a picture of the letter on to their fraud/phishing department. + +&#x200B; + +I just wanted to let everyone know that this is in fact a scam. I saw one other post after extensive googling about this and it was from two months ago, so this might be a recent thing, but this is NOT from Amazon. They only ask for your printed name and signature but I'm sure someone could do plenty of things with both of those. + +&#x200B; + +Tldr; Amazon Payments customer service confirmed that unpaid/unclaimed property letter was a scam. + +Edit: seems like there's a lot of conflicting information here but I'm just going to wait until the end of the year and check my state agency's website. Amazon themselves sent me two separate emails saying this was a scam, picture links are in the comments. My bf pointed out sketchy things about the letter too, like the fact that the letter was printed in greyscale and didn't look like something Amazon would have an official stamp on. Also, there's a letter "Z" badly hidden/printed behind bubble number 3. I'm just going to play it safe on this one, if I hear of any updates I'll edit here but in my opinion I'm saying this is a scam with the information I have, and I'm going to play it safe. Thanks to all who responded +I haven't looked at my 401k because I'm sure it's not pretty. But I started thinking that maybe this is a good thing? Won't my weekly payroll contributions be spent buying low and then when the market recovers my 401k will reap the benefits? +I’m really not being biased here. It doesn’t take two to get to the real conclusion that Ethereum by far has the most diverse, well-rounded and most popular ecosystem out there. A lot of the most popular tokens and projects are built on Ethereum. + +Why would anyone possibly want to willingly leave all of that for another L1 with mostly vague and less known and developed projects? +The only reason is scalability. + +Now I do have mention that the title is somewhat misleading. Ethereum by itself won’t scale. Ethereum as L1 with built in scalability has been scratched from the roadmap. Instead, Ethereum will be following a rollup-centric roadmap. + +Rollups and sharding will be the things to help Ethereum scale. And when that happens its game over for many other competing L1s. + +We’re already seeing great progress in the rollup department especially ZK rollups recently with some networks like Polygon soon releasing the first zkEVM that is open source. + +zkSync has had a zkEVM testnet for a while not but unfortunately its closed source so it really just defeats the purpose since devs can’t access the code. + +With Sharding being introduced soon, all of these efforts will have an even much larger effect on scalability as well. + +If Ethereum and its scaling solutions keep up this work then I’m pretty sure that competitors won’t stand a chance anymore and will slowly but surely end up fading into obscurity. +Who would want to turn down an Ethereum ecosystem that is scalable at the same time. +Idea of /u/farmpro in daily. I think we really need that. We can croudsourse through ethlance sponsorships. It shouldn't cost more than 20 ETH. What do you think? +I understand why it's unwise to ever specify how much you're holding, but I've staked it all on Kraken anyway so it's totally locked in place, even from me. Also, I think it's crucial to provide a concrete example of success for the point that I'm trying to make. I've declined to put money into the crypto market despite the siren song of massive gains for 2 key reasons. First, I have to pay for rent and student loans, and I just don't have any free capital left over after that to risk on investing. Second, no real money going in means I'm not tempted to try to pull real money out. My thesis here is that even if you don't have a single spare cent, as long as you have an internet connection you can get into crypto. + +I've acquired free crypto since the end of 2019 from 3 main sources. First, I've used Brave Browser on and off for years for its adblock tech, and these days it gives you BAT (an ERC20 token) for free each month just for using it like any other web browser (as long as you're not on iOS). Second, I don't like Coinbase as an exchange, but I do check in periodically because they offer free crypto samples through their learn & earn program. Third, I use Cash App as a banking solution, and sometimes it offers BTC rebates when you make purchases through it. Combined those with good and bad trades, and I'm sitting on roughly enough crypto to buy a PS5 if I cashed out. + +At times I've held or traded BTC, ETH, BAT, LTC, DOGE, DASH, XRP, and NANO. I've moved crypto on and off of Coinbase, Kraken, Uphold, and Gemini. I've had diamond hands at times and paper hands at others. With my current portfolio of ETH staked, I think I want to start putting the next small amounts I receive into LRC. It's been a hell of a rollercoaster watching charts over 2021, but I like rollercoasters. + +Happy New Year everyone! +\[update: 1 hour after beginning the post, floor is at [0.84](https://opensea.io/collection/trump-digital-trading-cards) ETH\] + +**\[uddate2:** u/Trixteri **pointed out,** [**that one of the biggest wallets owns a lot of cards and is also receiving fees**](https://www.reddit.com/r/CryptoCurrency/comments/zonm0u/trumps_digital_trading_cards_are_about_to_get/)**, which means there will be at a dump (not surprisingly) so act accordingly\]** + +It seemed ridiculous and of course we've made fun of them - Trump's Digital Collection Cards. + +https://preview.redd.it/wdfg7mit0j6a1.png?width=1135&format=png&auto=webp&s=04001dabdbf47796575a9c7631dcfff5af787863 + +Not surprisingly, prices almost steadily climbed, now having 0.5 ETH for the cheapest listing, >3,600 ETH in trading volume (!): + +https://preview.redd.it/ejsoy0q11j6a1.png?width=906&format=png&auto=webp&s=8ec919a21a734c1ce4d56a0a98cde917c2058f7f + +Once again, doing the opposite of the sentiment in this sub has been profitable. The criticism can not to be denied: buying these cards is pumping Trump's wallets - not only on minting day, but also later, since he's taking 10% fee of every trade on Opensae. I must admit, just like Gen 1 and Gen 2 of Reddit, this was too obvious and I've bought one for 0.1 ETH. My explanation: I'll take money from Trump fans later, that money sure af won't be donated to Trump. + +Now, who of you doesn't like to talk about it but bought one as well? +Even if I've made 8k in payments over 2 days, as long as the payments land on either side of the tax year start date can I still get the 25% government contribution on both payments and end up with £10k in my LISA? Are the contributions made immediately on payment? +We call it proof or ban for a reason. Dude chose to take the ban. Drop it. + +&#x200B; + +I still need more characters so: + +DRS is the way. DRS is the way. DRS is the way. DRS is the way. DRS is the way. DRS is the way. DRS is the way. DRS is the way. DRS is the way. DRS is the way. DRS is the way. DRS is the way. DRS is the way. DRS is the way. DRS is the way. DRS is the way. DRS is the way. DRS is the way. DRS is the way. DRS is the way. DRS is the way. DRS is the way. DRS is the way. DRS is the way. DRS is the way. DRS is the way. DRS is the way. DRS is the way. DRS is the way. DRS is the way. DRS is the way. DRS is the way. DRS is the way. DRS is the way. DRS is the way. DRS is the way. DRS is the way. DRS is the way. DRS is the way. DRS is the way. DRS is the way. DRS is the way. DRS is the way. DRS is the way. DRS is the way. DRS is the way. DRS is the way. DRS is the way. DRS is the way. DRS is the way. DRS is the way. DRS is the way. +Some random days I browse other subreddits and see people making fun of us. We are said to be crazy bag holders for a failing brick and mortar company. Other days I try to tell colleagues and friends about GameStop and get doubted. There are some days when I question where I have put my money thinking I’m now part of a conspiracy theory group. But then I think of all the due diligence that has been done, articles that have come out over the past 2 years where the media is worried about my investment, the fact that we are seeing an economic downturn, predictions coming true, not a single piece of DD being refuted, and most importantly NOT A SINGLE MENTION THAT RETAIL HAS LOCKED UP >25% OF A 7 BILLION DOLLAR COMPANY. I have days where doubt still comes back but I think of these few things and buy more every week. We are on the cusp of being proven right and I can’t wait for it to happen. I am an individual investor, I like the stock and I love that the stock is in my name. 💎🙌🚀. Love you all. +The banking failure cost at leas $700 billion dollars, not to mention the loss of jobs. This is the reason bitcoin exists, and we should rub Benjamin Lawsky's nose in the fact. If they cannot take care of consumers in the real banking industry, they have no business regulating bitcoin. +Seen a brilliant post on here today asking 'what's the worst financial decision you've ever witnessed?' - so, what's the greatest financial decision you've ever taken/witnessed? + +Personally, joining this sub in lockdown 1 (£1500 in my overdraft and approx £2500 in debt) has been mine. I've truly learned to tackle, maintain and more importantly, enjoy my personal finance. By no means where I want to be but a year later I'm overdraft/debt free and building savings/investing all over the shop - definelty owe a great deal to you guys. + +(Appreciate there's potentially going to be plenty of GME stock/crypto currency answers but keen to hear alternatives). + As a manual trader I noticed sometimes if the market trading volume haults for just a moment longer or has high latency between order fills more then usual for a specific asset it can hint at trader indecision and a potential reversal or a lack of buyers/sellers. This is one of the many things I look for when manually trading to help improve my entry's but im curious if its something that could be coded/backtested successfully. +I know this is similar to reading volume, but trading latency has its second by second advantage. +On the front page of /r/Economics there are quite a few articles about bitcoin, none of which are positive, and all of which contain flaws in understanding. Why is /r/economics so hostile towards bitcoin? You'd think these people would be excited by it. +Feeling great today. Over the past month or so, i have sold 60% of my holdings and essentially gave 90% of that to my retired parents as i am pretty frugal and dont need much other than my condo. My parents finally get to experience a better lifestyle after living most of their life in poverty. They bought a little home in menlo park California and have been going on vacations non-stop. My dad also went crazy and bought a tesla lol. Feeling good that my parents get to enjoy their retirement without worry. Share your stories :D +I believe these "X, X, and XXX", or "look at me, I'm a whale who just did DRS, here's how many shares I transferred" posts are a last-ditch FUD campaign. + + +Someone already mentioned the phrase for it last week, but I can't remember the name for it. It's got something to do with feeling less significant. (Edit: It's called the bystander effect) + + +When a normal ape sees a bunch of posts that are "supposesly" making more of a difference than they're able to themselves, it makes them feel less significant, and less likely to act in the same way. + + +For example: When you only have X shares with Fidelity, and some ape posts that he/she just transferred XXX shares to Computershare, it makes you believe that your X shares won't make as much of a difference, therefore discouraging you to act the same way. + + +The point of these FUD posts is to discourage apes, without them even knowing it. + + +Any posts that are saying "LoOK, i jUsT TrAnSfErReD XXX sHaReS" are FUD. + +Don't fall for it. Every ape's shares matter, regardless of how many you own. Don't let these bogus FUD posts make you believe that direct registering your shares is a wasted effort, because it isn't. + +&#x200B; + +And last but not least: these posts also very blatantly break rule #9 (No positions and no gain/loss porn). What makes me even more suspicious is that everyone on this sub was supportive of rule #9 just a few weeks ago. And now, breaking that rule is suddenly encouraged? I call bullsh\*t. + +&#x200B; + +Mods, can you please reconsider allowing these posts? They're FUD. + +Edit: To clarify, I'm not saying that posting about direct registering is bad. I'm saying that including your positions is bad, because it belittles others. +The so-called “boring middle” is the period of financial independence wherein you are over the honeymoon stage of building up initial savings, but have a ways to go before a safe withdrawal rate can support your lifestyle. + +If you are anything like me, your boring middle is probably the longest part of your FI journey and it probably starts relatively soon after you discover FI, but the discovery of FIRE and the concepts therein has changed your behavior to have fun planning, forecasting, and reaching milestones for your finances. + +What I have found helpful is to create fun ‘milestones’ that keep me feeling like I’m making real steps up through the boring middle phase. I thought it would be interesting to provide the list I have, and ask the community here for other boring middle milestones, as an emotional tool to make the boring middle a little less… boring. + +**I’d love to hear what milestones other people have concocted for themselves.** Meaningful to fanciful, and anywhere inbetween, as a way to fill the boring middle with excitement. I’d be happy to follow up with a doc that compiles the responses with an absolute constellation of milestones that folks can cherry pick to give them their next near term goal to achieve. + +Here’s my list: + + +**Yearly Milestones:** +These feel good on a cadence throughout the year, though depending on your strategy they may all hit at once if you are dollar cost averaging your retirement contributions. I specifically contribute to each at different intervals that ‘complete’ them throughout the year so I can look forward to checking things off on a ~quarterly basis. + +* Maxing out your IRA. +* Maxing out your 401k. +* Maxing out a mega backdoor roth (if available to you) +* If your income is high enough, max contribution to social security - and seeing the bump in your paycheck. +* Savings goal for the year achieved +* Maxing out your savings for a dependents higher education + +**Brain hack milestones using investment returns** +These milestones exist to give you nearer term goals you can be proud of and imagine the impact of. These are all about what the 4% (or whatever you choose) safe withdrawal rate now covers in terms of your costs. Some examples include your investments: + +* Covering your gas costs +* Covering your grocery bill +* Covering your utility bills. One at a time, and then another one when they are completely covered. +* Covering your fun/hobby budget +* Covering all your monthly expenses besides rent +* Covering rent/mortgage payment +* Covering your monthly expenses +* Covering dependant expenses + +**FI Journey Milestones** +These are milestones that are more coarse, and help give you big goals you’ll be excited to hit that have a meaningful impact on your financial security/your FI journey. + +* Discover compound interest, and the concept of financial independence +* Ratify a salient plan to get to FI, by modeling your projected savings and determining 3 FI dates by modeling it through the lenses of pessimism, optimism, and rationalism. +* Emergency fund filled! Sigh of relief. +* Zero net worth (debt less than assets) +* Symbolic numerical milestones at 10k, 25k, 50k, and 100k. Thereafter, every 50k in net worth until you feel like only 100k intervals matter. Big milestones therein being 250k, 500k, and 1m. + * I like to treat myself to a fun dinner/purchase on ones that feel meaningful to me whose budget is determined by my expected yearly return divided by 10. So at 10k, buy a 70 dollar fun dinner. At 100k, upgrade your PC to the tune of $700. At 1m, take an amazing dream vacation with a budget of 7k. This isn’t very lean, but it’s a great way of realizing some gains along the way, and generally won't have a substantive impact on your FI date. +* If buying a house, having a mortgage down payment saved. +* If you own property, paying off your house. If you plan on renting in perpetuity, yearly investment income equal to that of your rent. +* Your investments return more than you’re contributing +* Every pay raise. +* CoastFI achieved, you now have the flexibility to take lower paying jobs you enjoy more, and still retire +* LeanFI achieved, you now have the ability to stop working, if you are willing to have a lean budget in perpetuity. +* FI achieved, you can now live a reasonable lifestyle at your current spend rate based of the return on your investments. +Last week I gave my notice to resign (see post [here](https://www.reddit.com/r/financialindependence/comments/6nylnr/gave_2week_notice_today/)). A lot has happened since then; so here's an update since I promised to document and share my FI/RE journey. + +My employer offered me a significant, 6-figure raise, and allowed me more freedom to structure my teams and to pursue some of my previously proposed agenda in my capacity as an IT executive. + +I took the golden handcuffs. The money is great. Work isn't too terrible. So as of right now I've reset my RE clock for a postponement of 6 months to a year. + +It was a hard decision. While the extra earnings in 6 months to a year could finance many years of expenses in retirement, is it going to be worth the sacrifice of my time? + +Will I regret this decision? I guess I will find out in the next few months. Will be sure to share with you guys. + +I'd be happy to hear any thoughts you may have. + +Edit: as some commenters pointed out, the title should really be RE postponed. +By nonsense I mean the extreme bias against Landlords. I've been around the block a few times. I'm a fairly moderate individual that offends both parties since my views are all over the place. I understand and believe there is a place of fairness for both Landlords and Tenants...there will always be bad Landlords and bad Tenants but overall I believe most are decent to each other and appreciates what the other party provides. + +&#x200B; + +That being said...going back to California...in particular Sacramento...holy...the new bill they are proposing: [https://mbrennanlaw.com/2019/03/14/new-bill-allows-tenants-to-withhold-rent/](https://mbrennanlaw.com/2019/03/14/new-bill-allows-tenants-to-withhold-rent/) + +&#x200B; +My brother recently bought a house near Denver, CO with the hopes of finishing the basement and renting that out to help cover his mortgage payment. + +Turns out, the finished ceilings would be 3" too short (6'9", currently just under 7' unfinished) and the building department wasn't interested in giving him that large of a variance. + +His new plan is to "finish" the basement up to code for everything except the ceilings, live in the basement himself, and then rent out the upstairs unit that's already rent-ready. Basement already has a separate entrance, so no spaces between units would need to be shared. + +Is that a viable option? I slept in a storage room while in college and I think that's his basis for thinking this is a good idea, I just don't think it's going to work and am not sure about the legality of him crashing in a basement that I don't think can legally be used as a residence. + +Can it legally be used if the owner is the one sleeping down there? + +Any other legal solutions to offer him, or is his idea as good as it gets for what he's looking to do? +I recently closed on my first SFH (woohoo!) and am getting my property listed for rent. I hired the same agency to list my property for rent as the one that represented me buying the property. + +My agent sent me the listing she created and it looks great (she posted it on the MLS). I then looked up listings on Zillow and Craigslist and didn't see it there. I asked her if she would be posting it there and if not I don't mind creating an ad for it just since more traction isnt a bad thing. She then told me listing it on the MLS would be fine and there is no need to use these additional sites. + +Is this odd behavior. I trust her that the MLS is a perfect way to find a tenant but why wouldn't you list it on all the sites available? If a person from zillow is willing to pay $50 more a month wouldn't it still be a good idea to attract that person? +This will be short and sweet. I have been a government employee. I served in the US Air Force. You want to know what happens if you fuck up or brake the law as a member of the armed forces? You get discharged, or worse. A single DUI can serve as plenty depending on the circumstances. Yet, we have publicly elected officials breaking the law (trading laws) on the regular and what happens? Literally nothing. Actually the opposite, they get payed. + +We have men and women sacrificing their literal lives at times, for a hell of a lot less money, and then we have officials that are supposed to represent the best of us lying, cheating and stealing on the regular. One is held to a high standard, the other gets a free pass? I am not saying one party or another, this isn’t a political issue, it’s a systemic one. High level officials, fuck, the vise president herself. What is going on here? + +We know how to enforce this, it’s not hard. “Hey looks like you broke the law, and our elected officials are not allowed to do that, not even once. You are terminated effective immediately.” +Guess what happens next, others stop doing it because they will lose their jobs. Presto. I’m not even smart and I can solve this problem. ENFORCE OUR LAWS, they aren’t “soft” guidelines, they are the laws that protect our systems and our politicians need to obey these law at all times or they need terminated. + +(There are obviously good politicians, but what’s happened to those who traded illegally during Covid? Some profited off the downfall of the people they represent. It’s sickening) + +How is this tied to GME? Because it’s this bullshit that prevents action. It’s these revolving door relationships that have created this mess, that have prolonged it’s repair. Why fix something that that pays you more, simple answer; you don’t. + +Am I crazy? Am I missing something? Sorry for ranting, just having one of those days when I am saddened by the state of things, but I love all of you for taking a stand. Sometimes it seems like small work holding a stock, but it’s more than that. It is to me anyways. We can all have our reasons. These are some of mine. +https://www.cnbc.com/2022/02/17/palantir-pltr-earnings-q4-2021.html + +Full Text: + +>Shares of Palantir fell more than 13% on Thursday afternoon after the company reported mixed earnings results for the fourth quarter. + +>Here are the key numbers: + +>Earnings per share (EPS): 2 cents, adjusted vs. 4 cents estimated, according to a Refinitiv survey of analysts +>Revenue: $433 million vs. $418 million estimated, according to Refinitiv +>Palantir said it expects $443 million in revenue in the first quarter, while analysts had been expecting about $439 million, according to Refinitiv. It continues to expect annual revenue growth of 30% or more through 2025. + +>But its reported net loss was $156.19 million, wider than the $148.34 million of the fourth quarter in 2020. + +>The software company, known for its work with government agencies, said that revenue increased 26% year over year and that it added 34 net new customers in the fourth quarter. + +>It also said it closed 64 deals in the quarter of $1 million or more, including 27 of which were at least $5 million and 19 of which were at least $10 million. + +>Palantir expanded its commercial business throughout 2021, with revenue up 34% year over year to $645 million. U.S. commercial revenue alone soared 102% with the customer count jumping 4.7 times to 80. In 2021, government revenue gained 47% to $897 million. + +Personal take: Honestly I don't know what would turn investor sentiment on this company at this point. Revenue growth is no longer sufficient without improvement in profitability and cashflow. If the current momentum continues it won't be long for the stock to get below its original IPO price at $10. + +**Disclosure**: I long $PLTR, although [I fucking wish that's not the case.](https://wealth.ly/share/WKP49U) +i know this is not direct to gamestop and i dont hold any shares in popcorn but i just like listening to conference calls, + +&#x200B; + +the thing is ceo was talking about gamestop and computershare, but what i want to point out is that as soon popcorn ceo received a question about computershare and started to talk about it he imediataly received a phone call from someone, i could clearly hear him pick the phone to check who was calling and he put his phone down and making that sound when you slightly slam your phone on to a desk , and then shortly after he stopped talking about computershare, i might be tinfoil hatter but this is what took my attention + +&#x200B; + +edit, we all know that institutions are listening to conference call's, the timing was odd because i was surprised that he was talking about computershare and he sort of shut the question down after he received the phone call, guys i think they dont like DRS + +&#x200B; + +edit 2 : the question was for popcorn to provide the share numbers of DRS'ed shares and holders, and popcorn ceo was talking about benefits of DRS and that no one can short DRS'ed shares when the phone started ringing, ha + +&#x200B; + +link to a video during the call [https://www.youtube.com/watch?v=Lmyd4ObQ3LU&t=2988s](https://www.youtube.com/watch?v=Lmyd4ObQ3LU&t=2988s) + +&#x200B; + +edit 3 : and also i didnt like that after the phone ring he started talking about elon musk, i mean why ? he also called our stonks MEME stocks, whe are not a meme, also he mentioned Ryan cohen and some weird stuff witch i found incoherent ramblings after the phone rang +Preamble: + +* Married, both 30, 1 infant and planning for 1 more. +* HHI $1M (Bay Area, both FAANG). NW of $2M ($1.5M stocks, $0.5M equity on $1.6M primary residence) +* Current spend is $55k in principal and interest plus $150k in everything else (incl daycare) +* More interested in the FI part of FIRE, with a FI target of $5M to $10M plus primary home. We enjoy our careers and if we're still enjoying it, we'd move the goalpost but the ability to call it quits whenever is important to us. + +Our income has grown quickly in the last few years, roughly 2x'ing every 2 years. I'm happy where it currently is. + +We have everything we need, but there are some luxuries that we value that we still hold back on. For example, we could upgrade to Business Class for $25k per year, eat out nicer for another $25k, etc. + +My biggest worries with these upgrades are hedonic adaptation, increasing the distance between us and our FI goal and increasing the risk that we have to downgrade lifestyle if something bad were to happen before we hit FI. + +On the other hand, I'm realizing that for savers like me spending hard earned money is a muscle that requires training, and most importantly life is now. I recently found this community and it has been a breath of fresh air compared to other Personal Finance forums on this regard. + +How would you think about this balance on my shoes? +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I really don’t know what happened to this sub. Granted when I was posting in 2017 we only had 20,000 subscribers and now we have 200,000 so it must be a different community. Technical analysis isn’t a guarantee of anything. When we make predictions we are only going by what the statistical data is showing us. Sometimes it’s accurate, sometimes its not. But what we often see is that the dates typically reflect a major key moment in price. + +As you may know I predicted a date of April 24th and since my posting we went to 135 to 185 but on April 25 we had the tether fiasco become public and that caused everything to go down (we also saw that before it was public there was major evidence of whales cashing out, the evidence was heavy selling spikes for no apparent reason within hours of it going public) + +Technical Analysis can’t predict news events or lawsuits. These are the risks we assume when we do technical analysis. I did try to warn everyone that the golden cross for ETH hasn’t happened yet (and as of day it still hasn’t happened). When tether fully recovered yesterday is when all the coins just spiked up, and I tweeted yesterday that this would happen. I’m sorry I was a couple of weeks off on my prediction but receiving all the hate really is discouraging to people doing technical analysis and myself. As for my discord channel I have left it free. +I'm completely ashamed at the way you all have treated u/insomniasexx + +Why do you feel **entitled** to make a bunch of money buying an ICO so you can dump it later for five times the price? + +Unbridled greed to get something for nothing is exactly what is wrong with the world, and you have allowed it to poison your soul, to such an extent that you have savaged someone who has worked tirelessly, for free, to help out the Ethereum community. + +I'm giving another contribution and I hope others will as well, here is the donation address: + +0x7cB57B5A97eAbe94205C07890BE4c1aD31E486A8 + + +Their model is beyond amateurish. Tesla share count at the end of Q1 was 963.3M, up from 960M at the end of Q4. This is just 700K away from ARK's 964M 2025 projected share count. + +Those are only the outstanding shares. They missed Tesla's diluted share count by over 100M in their newest model. And before anyone mentions possible buybacks, their model already includes a $300 billion cash pile in 2025 to pad their EV/EBITDA PT. No room for buybacks in their modeled capital allocation. + +That's just what's provably wrong with the model. Will Tesla create a human ride hail service with 3x more revenue than Uber in less than 5 years? Will Tesla become the most profitable insurance company in the US in under 5 years? Will Tesla sell sedans and crossovers at the same gross margins of Ferrari? I can't say, but these are all standard assumptions made in ARK's "bear case" -- An odd context for the term. + +I wouldn't be so crass if they actually learned from their mistakes, but they don't. Their year end 2019 model projected Tesla would issue 30 million more shares through 2024; 900M to 930M split adjusted. They issued 55M in 2020 alone. 34M were attributable to capital raises. Maybe that would be a good time to step back and check what the diluted share count would be in the event Tesla hit their PT? I could almost forgive a hobby investor missing the dilutive effect of, at the time, anti-dilutive convertibles and stock options. Not a firm like ARK, but a hobbyist. They brazenly miss their share count estimate, take no further look as to why they missed, and, by some miracle, totally miss the dilutive share count & effects plastered all over Tesla's filings since Q1 2020. + +To be blunt, these guys are either dumb or deceitful. To those who invest in ARK funds, this is the level of DD you get. Caveat emptor. + +Sources for the lazy: [https://www.sec.gov/Archives/edgar/data/0001318605/000156459021004599/tsla-10k\_20201231.htm](https://www.sec.gov/Archives/edgar/data/0001318605/000156459021004599/tsla-10k_20201231.htm) + +[https://www.sec.gov/Archives/edgar/data/0001318605/000156459020004475/tsla-10k\_20191231.htm](https://www.sec.gov/Archives/edgar/data/0001318605/000156459020004475/tsla-10k_20191231.htm) + +[https://github.com/ARKInvest/ARK-Invest-Tesla-Valuation-Model](https://github.com/ARKInvest/ARK-Invest-Tesla-Valuation-Model) +Hi, + +I just wrote a resignation letter that I'd like to give to my boss next week... but I'm afraid to do it. Partly because I don't know what I'll do after quitting; we still have covid floating around, travel is risky, etc... Also because my SO is still working and won't quit for at least 6 months (which means I'll get cheap, good healthcare w/o paying for it for 6 months at least). I have a work-from-home job where I make a very good living but I hate it and the people I work for. Should I just suck it up and slog on for 6+ months to sock away more cash until my SO quits too? + +47/M. Net worth including real estate equity: $11.3M. excluding real estate equity: $8.6M. Homes are paid off, no debt. I'd be walking away from $2.3M in unvested RSUs and a total comp of about $1M/year. Need to put the kid through college coming up here but, other than that, no real obligations as long as we stay healthy. Retirement budget is \~$170k/year but we've lived on $150k for the past \~10 years+ so I'm not expecting to have any major lifestyle changes other than (I hope) a little more travel. I've talked with two financial advisors (fee based and free, with my brokerage) and done my own analysis... we all agree this is safe / doable. But I can't get comfortable enough to walk away and I don't know what I'd do if I did it. + +I'd appreciate any thoughts or advice. This is a throw away account but a real situation and person asking for your thoughts. Thank you in advance. +Hi FatFIRE, + +how do you all deal with friends asking to use your stuff independently without you being present? Vacation homes, cars, campers, boats, and similar items. + +I want to be a good friend and supportive, but also not end up as the free borrowing station. Different if we do something together with it. + +On all these things, maintenance is a pain and more usage often means more maintenance and time that needs to be invested. Also, what if the friend breaks something? + +Curious about your approach to this. Did it change with NW? Is it different if it is a person of similar NW where you can borrow things reciprocally? + +Thanks +I just turned 18 and I wat to start investing in dividends to start to form my snowball. What stocks do you recommend? Preferably an established stock suck as an aristocrate or a king that i can hold on to for life. Thank you for your time +I see that BST is at a 9% yield and I went to pick some up the other day. It’s also trading at a discount. However what bothers me is the expense ratio is kinda high. Anyone have this in their portfolio? I’m thinking about buying a few more shares, I just wanted to know this subs thoughts, since I am a new investor. +https://www.cnbc.com/2020/01/08/bed-bath-beyond-bbby-earnings-q3-2019.html + +Bed Bath & Beyond withdrew its fiscal 2019 outlook and said that it would reveal its strategic plans in early 2020. + +Its third-quarter earnings and revenue fell short of Wall Street’s estimates. + +CEO Mark Tritton, a Target veteran, took the helm in November. +Hi all, + +I am 36 years young and looking to FatFire within the next 7 years in a Midwest USA LCOL area. Current net worth is $6.5MM. I work in a pretty high stress environment where I can have years where I make $1MM in W2 income and the following year make $100k. Essentially sales in a volatile industry😂. + +Although I track both, I make projections for my retirement based on future cash flow rather than net worth. I own some commercial property that will be free and clear in 7 years and also own LP interests in commercial RE, alongside a hefty position(relative to my net worth) in two public non-traded REITs(yes I am familiar with the risks and very comfortable with these two conservative REITs). + +My question is do most of you have a net worth target or a cash flow target? With my current projections, I could retire at my 43rd birthday with an annual cashflow in the $500k range but I project that we will only need about $20k/month to live comfortably. I plan to reinvest the excess, which should continue to increase our cashflow at a decent clip. It all sounds really good on paper, but I am just making sure that I am thinking of this correctly! Fatfire seems more about cashflow than it does networth, correct? Does what I outline above sound like fatfire or more like fire? + +On a side note, my desire to fatfire at 43 puts me retired the year my oldest child starts high school and will enable me to coach/be as active as he wants me to be in his athletics and academics. Life is short and I only have one go at this. I could work a couple more years, but I think I would regret not spending more time with family over a regret of not working a couple more years to have a little more income if I were to kick the bucket early in life. What do you all think of my thought process there as well? + +Update more info: The $500k is purely passive income from real estate, dividends, and REIT distribution. I would not be dipping into principal. I would actually be adding to investments annually with the excess $200k+. Sorry I wasn’t clear on that before. +Look into chartering a captain and catamaran for an island beach trip this summer. There are many smaller websites that have offerings for this but I’m curious if anyone here has done anything like that and has recommendations? +### UNITED STATES + +* **Futures** are down amid concerns of slowing growth in China and Europe +* **Import inflation** fell aided by a strong US dollar  +* The Senate voted to withdraw support for Saudi Arabia in the **war for Yemen** + * Though Republicans in Congress are likely to block the measure + +### OTHER + +* **Renault** will keep Carlos Ghosn, under arrest in Japan, as its chairman and CEO  +* The President of the European Commision said the **Brexit** deal will not be renegotiated  +* The **European Central Bank** officially ended its **quantitative easing** campaign  + * The ECB also lowered inflation and GDP growth expectations  +* **Japanese Industrial Production** rallied to 4.2% after falling into negative territory  + * the [*Tankan Report*](http://www.boj.or.jp/en/statistics/outline/exp/tk/extk03.htm/) revealed optimism about present conditions but concerns for the future  + +### CHINA + +* **Samsung** is will close limit their activity in China, closing a large smartphone factory in the next two weeks +* **Industrial** **Production** for the year deteriorated (Expected 5.9% | Actual 5.4%) + * it was nearly 8% in 2017 and 18% at the start of the decade  +* **Retail** **Sales** are slowing (Expected 8.9% | Actual 8.1%) + * 8.1% is the slowest growth in retail sales since 2003 +* **Property** **Investments** continue to hum along at 10% a year  +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +Ghana’s mining minister will fly into Australia this week facing a barrage of questions over the government’s role in supporting a deadly Chinese state-linked mine, Shaanxi, and a $395 million lawsuit by Australian miner Cassius. + +[Sydney Morning Herald](https://www.smh.com.au/world/africa/ghanaian-minister-to-face-cassius-in-australia-20220825-p5bcoy.html) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +My dear Cunts and Cuntettes, Retards and Autists, Pumpers, Dumpers, Investors, Traders, T+2ers and Bag-holders. + +Today is my first community 20% play day! + +Alas, this whole idea was hatched close to midnight a week ago, so many of you have no idea what's happening. + +I don't know half of you half as well as I should like, and I like less than half of you half as well as you deserve, cunts. + +But I, uh, I h-have things to do. I've put this off for far too long. + +I am pleased to announce — this is the beginning. I'll be taking some stocks selected by you, filtered by me (anti DLC play), and listing it here for you all to choose. Will be sold for 20% or higher and renewed. + +The user who recommended the stock will be noted and hopefully rewarded if this dumb idea goes nicely. + +$3000 will be placed into one of the following stocks, please comment below your choice. + +1. SRN - /u/EMHURLEY +2. JAT - /u/rainydaytoast86 +3. NTI - /u/rainydaytoast86 +4 MGT - /u/VagrancyHD + +Small selection this time, but next I'll have a post so more people can join. A couple suggestions were not listed due to me already having them, or removing memes. + +This secondary share market to make millionaire. Is not it scam dream?? + + Proof of purchase will of course be provided. + +I bid you all a very fond farewell. +Goodbye. + +Edit: Will buy stock at 3pm today. If unable to get good price by 3:50, market price order will be placed + +**Edit 2: MGT is the winner here, placing order now** + +**Edit 3: [Proof of Purchase](https://ibb.co/vxqdYP2)** +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/wsNDGTf5QH). +I hope you are all doing fine on this glorious weekend. + +While staying inside and looking at WallStreetBets is extremely enticing, I would just like to remind all BANG (BB, AMC, NOK, and GME) shareholders to remember to drink water, eat, go outside and get some sun, do some other stuff besides scrolling through reddit, sleep well, and to not sell and hold. + +This is the revolution of our time. Decades of oppression by big hedge funds, manipulating the market when they are wrong, taking advantage of the average investor... + +This all needs to stop. + +"If you're poor, just invest," they say. + +Well look at us now. + +🚀🚀🚀🚀🚀🚀 + +Edit: for those looking for a broker to trade: [https://www.reddit.com/r/stocks/comments/l8rhr3/weekend\_gme\_thread\_homework\_for\_all\_lets\_stop/](https://www.reddit.com/r/stocks/comments/l8rhr3/weekend_gme_thread_homework_for_all_lets_stop/) + +Edit 2: DON'T GET DISTRACTED, BUY GME OVER ALL THE OTHER STOCKS, BUT HOLD BB AMC AND NOK IF YOU DON'T HAVE ENOUGH MONEY TO BUY GME +I financed my first car when I was 23 years old. I had previously gotten my first car at 21 years old, paid in cash and when it broke down I decided to finance something a bit nicer. I went to a small dealership and financed a 4 year old Honda fit, put 2k down and financed 6k at 26%. I knew it was a horrible deal but felt like I didn't have any options never having financed anything before and with 0 credit history. 6 months later I threw my tax refund at it and finished paying it off. I was lucky, but it's crazy to me how it's legal to get loans with these kinds of terms. Often people like us who have no experience financing anything with very little financial guidance and knowledge. +At the food bank just now, a first timer asked me how the food is here. I told her that sometimes the fresh fruits and vegetables are not so fresh (trying to ease her in to the harsh reality). She replied, “I guess we should expect that.” 😖 + +Edit after reading comments- The cringe face was for this part of living in poverty. I expect rotting produce, too, and do my best with what is salvageable. +I don't know how these people get my number, but every day I'm getting multiple people calling about buying my places. I have a few remote places in high growth areas which maybe is the cause of it. But it's driving me nuts! I can't block them fast enough! +Hi All, + +I recently got a private tour of a house that was going to be out on the market shortly. The house is a two family house (2 units of 3 bd, 1 bath). Over the years the owner has invested money into annexing the attic into a two bed unit with its own kitchen and full bath. The owner also converted part of the basement into a phenomenal one bedroom apartment, with its own fully equipped kitchen and bath. Two issues I am concerned about: + +1. The city doesn’t know about the basement nor the attic, they think it’s just a family house. The owner claims the renovations were done to code but just didn’t pull a permit. Has anyone dealt with a situation like this? This house is in a great location, cashflows very well, and this situation presents a good buying opportunity. Should I run or stay? + +2. If I stayed and went along with making an offer, what would a fair offer be based on? The houses two family, as a four unit or somewhere in between ? The house will certainly be evaluated by the bank as a two family so pricing as if it was anything else will probably result in issues down the road. + +3. What happens if I close on the house and the city finds out, would I be on the hook to tear it down or would it be grandfathered in? +We need to appreciate those people who deeply believe in Ethereum and still hodling regardless of it's price. Those people deserve the greatest appreciation. + +Stay strong my friends, thank you all! There is sunny days ahead of us! +Do you guys consider that the M2M use case for IOTA will likely come to fruition? + +I struggle with IOTA like no other coin. Usually I can simply accept whether or not I want to invest in a coin, but with IOTA I just cannot get off the fence. + +I appreciate that IOTA is really interesting technology that solves a lot of problems with blockchain. There is no issue there. The network itself has value. However, most of the interesting third party development work I have seen on IOTA does not require the IOTA token at all. The digital twin stuff, for instance, can exist quite happily without a means of value transfer. + +Some of the examples I have seen of M2M payments are difficult to credit. For instance, one suggestion I have seen is that my fridge will order me more milk when I run out. I sincerely doubt my fridge is going to have its own wallet to make orders. If my fridge orders anything at all, the connected store would simply charge my card once my shopping basket is large enough to make delivery economical. + +The most compelling use case I have seen so far is for companies buying sensor data from other companies. However, if a company wants to buy sensor data from another company, it would just record all that information on the tangle then settle via fiat currency. Why would you want to accept micro-transactions in an extremely volatile asset when you could just use fiat, which is what you want anyway? The volatility might eradicate any savings you could have made from not having to pay transaction fees. Also, the movement back into fiat is going to have associated transaction fees, so at some point you're going to be paying fees. You may as well just bulk buy data. + +Does anyone have any compelling arguments regarding the value proposition of IOTA tokens? Why would I want to use them for M2M payments? +I just turned 30, I only make a bit more than $40,000 but I have about $20,000 in retirement (not bad for 3 years from finding a “real job”, $17,000 in the money market, and another $10,000 in savings/checkings...so I know how to save money but I don’t know how to invest in my money. I live below my means but still treat myself. Where I live has a reasonable cost of living. + +I bought a small house in a nice place, my long term boyfriend makes about $70k as a mechanic. I have no student loans, I’m finishing my Master’s since it’s 100% free tuition and the only debt is my house , I think I have a good deal going on. I just wish I can take it further. + +I don’t understand stocks very well. Is there anything else I can do with me money? Buy a franchise? Rent my place once I get a bigger place? +I always came here for the finance news and discussion, but it seems like there's an increasing amount of posts about financial careers. We have an entire subreddit dedicated to that, /r/financialcareers so should we keep having these posts here or redirect OP's to that subreddit? +[Here’s the Reddit blog post announcing the new list of default subreddits.](http://www.redditblog.com/2014/05/whats-that-lassie-old-defaults-fell.html) + +I’m not sure whether I should be happy or uneasy: this is a great community, but an automatic influx of new users is going to make things tricky for a while. +I am not much of a CSP person or the Wheel guy. The discussion in this group seems to be dominated by CSP and Wheel. I propose we should make a daily or weekly strangle, butterfly, ratio spreads, iron condors, etc thread where people can roll their ideas. +Hi everyone, + +I saw a lot of people posting about their journey so far, so I thought of doing the same. + +I started with selling options 2.5 months ago. Made my first trade on April 14 and have made a total of 122 trades so far. I log them every day in my excel workbook to know how I'm doing. Have attached a running summary below. + +Some key points about what I do: + +1. 90% of my trades are selling puts (I have a margin account) + some covered calls / CCS +2. Love doing earnings trades, which is why I sold a lot of premium during weeks when many companies had earnings. +3. I usually do trades with delta .2 or below. Sometimes I'll go up to .25 but never above .3 +4. I mostly trade in monthlies 1-2 months out. Occasionally weeklies. +5. Only been assigned once when I sold a weekly on a stock that went against me. Have been wheeling it since to bring down BE +6. Of the 101 trades closed so far, 96 have been profitable. Of the 5 losing trades, biggest loss was $675. Have rolled one trade only once so far. +7. Trade allocation for any one trade is usually less than 2%. I think there is scope to increase this. +8. My broker is IBKR. I have a margin account with them. I started with $10k capital and have gradually increased to $40k over the last 2 months. I like to keep >50% of my buying power free so I always have money left if I do get assigned / market moves suddenly. +9. Have only traded stocks so far (no ETFs yet). I have a paid account with [marketchameleon.com](https://marketchameleon.com) where I maintain a watchlist of \~100 stocks. I like using this website for all the different statistics it provides on option trading incl. their screeners. Reduced my time to research trades drastically. I also use Yahoo Finance a lot as their data is more real time. +10. I usually spend \~2-2.5 hrs / day on this activity (this was \~4 hrs early on but has come down over time). Sometimes I do find myself price watching a lot (either my watchlist or my trading account), but I'm trying to get as mechanical as possible. My goal is to not spend more than 2 hrs/ day doing this. + +I have learnt quite a bit from this community. Hope my experience helps some of you. + +https://preview.redd.it/ars3bve1l7851.png?width=1107&format=png&auto=webp&s=36ae792965338108321c6491a462a82a0951c26d +Imagine you get 500k USD. Assume it's all your net worth and you don't have other assets like property, just a job with a monthly income of $ 3,500 after taxes. How would you use that capital with a 10-year horizon with the idea of ​​preserving and increasing it? I was thinking using the Warren buffet strategy as the market is so expensive: 40% cash and 60% stocks. I would have 200k in the bank and invest 300k in an etf like VOO or VTI. The 300k invested in a single lump sum. If there is a crash I would have money available ready to continue making DCA plus more income from work. I would continue renting since I am not interested in buying properties as prices are through the roof. What would you do differently? +**[Article](http://www.sun-sentinel.com/business/tourism/fl-royal-caribbean-avid-cruiser-20160429-story.html)** + + +**[NYT Video](https://www.nytimes.com/video/opinion/100000005798480/the-happiest-guy-in-the-world.html)** + + +**Highlights:** + ++ Mario Salcedo spends 350 days/yr over past 20 years on cruise ships equalling over 950 total cruises. + ++ Salcedo spends about $65,000/yr sailing on a mix of Caribbean cruises and transatlantic crossings, always booking lower-priced interior cabins to keep budget in check. + ++ 700 nights qualify for Royal Caribbean’s highest level. Salcedo has about 6,000. The rewards also include free unlimited internet access, which Salcedo said enables him to do business at sea. + ++ “I spend five to six hours per day running the business in my pool deck office," Salcedo said. "Without internet access, free or otherwise, I would not be able to live on a cruise ship." + ++ On a typical day, Salcedo works from 7 a.m. to 2 p.m. and then closes shop to take a dip in the pool or spend time with friends — ship-based friends, because he's lost touch with most friends on land. + ++ Salcedo, 66, was director of international finance at a multinational corporation in Miami when he quit his job in his mid-40s to fulfill two longtime goals: start his own small business and travel the world. + + +**Discussion:** + + +This is an example of a really unique goal for FIRE and also a rare concrete example of someone who is actually living out their FIRE dream and providing the financial numbers. Using the 4% withdrawal rule, one could achieve the same results as Mario retiring with $1,625,000 in investment assets. This would allow one to withdrawal $65k/yr for an all inclusive cruise covering food, housing, and utilities for one year. One could also supplement with an internet business, similar concept to what Mario is doing. + + +Anyone else have any thoughts on this? + + +The news this week has been neutral to bad. GDP growth was a sham. +Personally I think the market should be 5-10% lower than it actually is. And NASDAQ should’ve made a new yearly low. +I have no current trades in the market. I just want to understand what the heck is going on. +My partner works at a primary school and has a lot of leave throughout the year as a result. I work in a research/product development lab and receive only the regular NES-required annual leave. + +It feels like every couple of weeks my partner is coming to me saying we should go on a holiday and they want to get out of the house and do something. Now this is something I would love to do but I simply don't have the leave available. They don't seem to mind and understand that I have less time off but it's become a bit of a annoyance to me, what's the point of all this work if I can't do anything with my partner. + +I'll be doing the obvious of trying to ask for more annual leave at my yearly review but I'm not expecting that much since while they're happy with flexible hours, actual leave is plotted for the year ahead, so that test capacities and time sensitive projects can be planned without losses due to downtime. + +Besides teaching, are there any less obvious career paths which have large amounts of leave available? +[Original Post](https://www.reddit.com/r/financialindependence/comments/bbpcpb/im_about_to_resign/?utm_source=share&utm_medium=ios_app) + +Today was the big day. And it went significantly better than I had anticipated! + +I informed my line manager that I would like to leave the industry to pursue another career. He was incredibly supportive, and said it didn’t come as a huge surprise to him (apparently I don’t have a great poker face!). He’s encouraged me to look for other roles, and is open to me remaining in my position until I find something else. He even gave me some helpful advice based on my interests & skillset. + +I haven’t quite picked my jaw up off the floor yet, but suffice to say I’m a happy bunny. Now begins my search...! I’ll update you all once I figure out my next steps, wish me luck :) +Finance people always come up with the most obscure measures of risk. Starting from using the beta of a stock to using the VIX index to measure overall risk and sentiment of the market, risk is defined to be something that is somehow quantitative and measurable. + +But as one of the greatest, if not the greatest, investor of all time Warren Buffett says: “risk comes from not knowing what you are investing in”. Why? Because you are much more likely to make quick off handed decisions when you don’t fully understand ur investments. + +When you are comfortable with your portfolio and understand the businesses you are invested in, a downturn shouldn’t scare you. Of course you are free to go and underwrite these investments based on the new information, but most of the time it is probably right to continue buying and average down. + +Hope this helps. - BDover +I've never been able to go here because they are open the same hours I work but today I went in late as I had a doctor's appointment. Anyway, I took proof of residency and income but they just asked me for that info and put me into their system. + +Today the choices were pretty sparse according to a couple volunteers but I was offered a large bag of rolls 4 days out of date. Basket of strawberries that look nice. Lemon Nilla Wafers that had sell by date from last month--oddly these taste like animal crackers. Can of applesauce. Bag of dried pinto beans. Ginormous jar of peanut butter with best by date from last year--good for a long time past that. Two cans of diced tomatoes. Family size bag of Caesar salad. Bag of mac and cheese that looks terrible but hopefully tastes ok. Couple loose onions. + +Have pot of bean chili cooking now and it smells amazing. I haven't had strawberries since June and am looking forward to those! + +I am extremely introverted and had to tell myself it would be worth feeling horrible for a few minutes when it means I will have stuff to eat this long holiday weekend. I was the only patron at the time so it was bareable but I was told the Saturday pantry they do once a month is super busy so I doubt I can do that anytime soon. + +Are you familiar with Little Free Library concept? There are Little Free Pantries as well, so you can access food any time of night or day but the closest ones to me are 45 minutes away. + +I'm glad I was able to go to the food pantry for the first time, despite my anxiety and introverted nature. Glad also that it was set up to reassure newcomers, from the very detailed website, to signs directing you from downtown area. If anyone is hesitant about going for the first time, like I was, I hope you can get the courage to do so. + + + + + + + + +How do you deal with this? My spreadsheets say that I will fatfire in my late 40’s assuming the market gives me 12% returns. That, in my opinion, is hanging my hat on too much market expectation. + +For those who did fatFIRE through steady market returns (I.e. no major windfalls or 500k+ salaries), were you constantly stressed? I will pass my FIRE number in a few years, but I fear that I’m constantly fighting an unhealthy relationship with money as I reach for fatFIRE. +Hello my forex friends. I've been lurking here whilst being very active at another subreddit. I always see all these liquidity grabs, supply demand. I never really see anyone just selling a perfect double top or triple bottom. I see a lot of perfect tops or bottoms on US30 where there is basically zero drawdown ( maybe 1-5 USD/points ) I'm just wondering if there are someone people on here who just keeps it simple and still makes the money. No hate, if your smart money concepts works then stay at it. However I can't be the only one who just looks for these patterns on indices. Have a good weekend friends. +Ive been into forex since like 2 years and learned alot of stuff and improved also. But im still not sure which way im headed. In 1 Month ill be dome with high school and I wanted to dedicate the next 1.5 years afterwards mostly to trading(main goal is to get a funded account) but im not sure how to actually do it. I get it that I need to backtest a strategy and see if it works for me and so on but can someone give me some actual tips on how to really learn trading because even though as I said im improving and so on I still dont feel like I'm actually trading it just feels like im doing it all wrong. +We have seen banks spent the whole week preparing for an oil price collapse and the margin calls that would come with it. HSBC took a big hit from the Singapore oil trader’s default. + +What are the Chances the other banks are currently under distress and are masked by covid 19 situations? +Edit: Thanks for all the feedback! The front runner now is to completely move to the city at least until baby goes to elementary school, and rent out our suburban house. At that point I should have an additional promotion or two and will have better leverage for remote work. This seemed like such a drastic change that I didn’t even bother listing it as a potential idea, but you all are right, going between two places is a lot (and essentially a vacation home in the suburbs is lame). Thank you again! And for those curious, age 29 (he’s older, current nw is pretty even split contributions-wise, I just started working young) nw 3m, target nw 10 (which is barely fatfire, so thanks for entertaining my question)!! + +My work is going to be fully onsite soon, and I live about an hour away in the suburbs (work is in city downtown). + +Back before we went remote, commute was not an issue. Now…I have a baby and I’d rather spend the two hours with her than driving. My yearly comp is a bit more than 500k, his is 300k. We’ll be completely fine on just his salary alone, but given mine is larger, that would significantly push back our FIRE target if I just quit my job to be a sahm. I’m thinking of getting an apartment in the city right next to where I work, where we could all stay during the work week. He’s remote so not an issue there. A one bed would be around 2.5k a month. Is this crazy? I know some people who make as much as us but they all have these long commutes and just deal with it. Am I just being lazy?? + +Some other ideas: +- get a condo in the city (investment vs just renting) + +- adjust my work schedule where I get in/leave at off hours, then work more from home. This’ll shave 20min off my commute each way. +Hello, + +I wouldn't say long time lurker (but reasonable time lurker). I live in a very HCOL area with two young children. I was lucky enough to have made some solid money in my early 30s and I sometime think about RE but in I worry about setting the right tone with two young children (I have had a bit of a puritan work ethic); does anyone here ever worry about that? Not the type of thing I can discuss with my family (excluding my wife) nor friends so curious if anyone here has considered that as a meaningful reason NOT to RE with young children. I think it could mess them up from a long term work ethic perspective if they see me home a lot more. +I sell cars + +Customer comes in, has 5k to put down on a car, we run his app and get him approved...however I noticed on the credit report he has a signature loan with a company who is known for their high APRs, I get his app ran again with no money down, bank accepts no change in APR just a higher payment. (BTW we got him 6.5% APR) + +So I sit down with him and basically say "Your approved, but I want to talk to you as a friend not a sales person" he goes "ok" I go "You got a personal loan with X bank, whats the balance, and whats the rate?" + +He goes "Balance is $3,500 and rate is 24% payment is around $200 a month" + +I said "Alright, well I got you approved with 5k down, however you could also do no money down, our rate is 6.5%, so here is my idea. You take the no money down right, and pay off that 24% APR loan completely. Now your car payment will go up by about $100 a month however you will also be paying off a bill thats costing you $200 a month." + +He sat there for a moment and looked at me and said "I can do that?" I said "yea you can do that" he goes "Why did you do this?" I said "Cause I saw the company you financed that signature loan with and I know they have higher rates and I said to myself "I should see if I can get this guy more money to pay down his high rate loans"" + +Guy was flabbergasted, and happily purchased the car from me. He texted me today and said he just paid off his high % note AND off another credit card with the $5,000 we didn't take from him. + +Now on to the pr peeps who will blast me + +* 6.5% APR for his credit rating was a good rate +* He wanted to buy a car, I created the best overall situation for him with the cards I was given + +Edit 1 + +Im not interested in earning business off of reddit nor exposing what dealer I work for. For various reasons. Reddit is my private venting place. Not going give that up. With that being said /r/askcarsales has a team of people like me giving you real, honest advice. Be warned we have a reputation for stomping on toes + +Edit 2 + +Cleaned it up a bit +Im pretty new to dividends stocks and not sure what exactly to look for when looking at a company. what should I be looking for in maybe a companies financial sheets or earning? currently I am holding SDIV, EARN, GYLD, PFFA, SPG, T, PBCT, SPHD, BAC, SCHW, and WFC. would like advice on my dividend stocks that I am holding onto and recommendation of good dividend stocks to hold on to for very long time especially and ETF or REIT ones. I understand my portfolio is bad like I said im new to dividends. +This is a bit of a random question, but I am having a lot of trouble keeping up with the amount of junk physical mail and standard disclosures I receive in both my mailbox and email inbox. This applies to businesses, personal mail, deals, etc. Is there a streamlined solution to deal with this? + +&#x200B; + +* A personal assistant? This seems like a lot of trust, how do you make this work? +* A technology/app? Am willing to pay for something automated to make this easier +* Some other option I have not thought of? +* Just deal with it? I can't admit defeat! + +The one thing every FIRE person wants back is time and peace of mind so maybe there are smarter solutions. Would love to hear ideas on best solutions and practices here. + + +**EDIT**: Sorry for the late responses! Mods locked the post but have now unlocked. +I've seen countless of posts as of today where multiple people are posting about how r/cryptocurrency redditors are joining us. They're not. It comes from [this post](https://www.reddit.com/r/CryptoCurrency/comments/njegof/the_real_reason_crypto_is_tanking/) posted on the cryptocurrency subreddit, and [another post from here](https://www.reddit.com/r/Superstonk/comments/njjiy4/the_reason_crypto_is_tanking/) showing a screenshot of it. If we all want some more wrinkles on our brains, maybe check the post for yourself and see all the comments being in disagreement of it? You can easily see that the post has over 4000 awards as of this moment, and it's obvious it's not from their own redditors, seeing that the amount of awards and the traction the post got was after it was mentioned over here. The post got real traction after it was posted over in r/superstonk. Everyone seems to believe that we managed to get the cryptocurrency subreddit on our own side, but check this out: + +https://preview.redd.it/6xnmj3lll2171.png?width=703&format=png&auto=webp&s=608904bb5ede0153cc7081aade9f202ea0d5bf80 + +[This one is sorted by controversial, as I know some of you will comment on it. But still, see if you can find anyone in the comment section with little to no activity in subreddits like r\/superstonk or r\/amc totally trusting this information.](https://preview.redd.it/421i6poul2171.png?width=702&format=png&auto=webp&s=4eac2085f27d5439197ec303df08821e787940e0) + +There are no posts from actual people from the r/CryptoCurrency subreddit acknowledging our view of what is happening with the market as of now. + +One thing we've learned thru all of this, is to not take anything as gospel. I find it peculiar that even ***The Daily Stonk*** post is mentioning this as they're joining us? It's complete fabrication of reality. + +Stay strong, **HODL** as always, and don't believe everything you read. Think for yourself just a *little* bit guys, we can do better than this. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Long story short, I need to finish my degree, which is going to take anywhere from 5-8 years. Thinking about hiring a property manager to market and maintain it, so I can hold on to the home but won't have to pay the mortgage/taxes on it anymore (I want to eventually move back into it, and probably die in it). + +Is this a plausible solution? Couldn't care less about making a profit off of it, I have a free place I can live in the mean time and am going to live there until my education is finished and I can finally afford it again. I just don't want the worry of marketing and maintaining the home on top of everything else I will have to worry about. +I am 14. For context everything is in cash because I don’t trust my parents to not take it. +For income I +- mow lawns and do yard work earning between 60 and 150 a week. +- tutor some middle schoolers earning 100 dollars a week +- gifts from others