diff --git "a/reddit_finance_43_250k_289.txt" "b/reddit_finance_43_250k_289.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_289.txt" @@ -0,0 +1,10000 @@ + +>March 8 and 10 seem like good candidates, but who knows really. Don’t gamble on it. + +>I’m going to keep posting this until some wrinkles catch on and either tell me I’m stupid or someone actually tries to figure out why these announcements matter because I have no idea where to even start. + +>Thanks for reading. + +I really don’t want this to be seen as a prediction of price movement because I have no idea what’s going to happen and I’m very smooth on most things… + +**I’ve simply been trying to figure out why the price runs have coincided with the “announcement of earnings” and not the earnings themselves.** + +I think I have a pretty compelling theory on everything and I would love to hear some thoughts on it. + +Before I get to that, I think it’s important to talk about the timing of everything coming out next week and how it lines up with the quarterly price increases mentioned above. + +An ape pointed out to me earlier that the quarterly run ups usually start about a week before the earnings day is announced. + +DLauer has been hyping up next week as “the end of the beginning” and “a week unlike any other since Jan. 2021.” + +Not only is Dave releasing more info about what he’s working on, but he’s also a guest on Jon Stewart’s GameStop episode next week on March 3. + +March 3 also happens to be the date of the big HBO documentary into GameStop that actually looks like it’s going to be really really good! + +Next weeks just so happens to be exactly one week before when GameStop typically announces their Q4 earnings date (March 8-12). + +**This means that IF… big IF… the quarterly run ups remain consistent with their past behavior… we could be looking at a major wombo combo that starts next week. All leading up to when GameStop announces their Q4 earnings date.** + +- quarterly run up starts +- HBO doc drops +- Jon Stewart ep drops +- Dave makes his announcement (which appears to be related) + +Please don’t gamble on this though. This stock is manipulated to fuck and no one can predict price movements. + +**Ok, so what’s up with the earnings date announcements? Why do they always signal the top of a run?** + +Here is my speculation on this and I would love to know if this is really stupid or not. + +I think what might be happening is people are buying in anticipation for more than just an earning’s call to be announced. + +I think people (not sure who), have been anticipating GameStop to not only announce earnings, but also announce an event or Q&A to happen at or after the earnings call for all investors. + +So they buy up to the announcement, then when it just turns out to be a boring old earnings call, they short it back down. + +That’s my only theory on it. + +Either way, I think there’s something to these announcements and next weeks events sound VERY spicy! + +**TLDR:** Historically every run up has been centered around the earnings report date announcements. We should hear from GameStop about when the next earnings report will be in the next couple weeks (roughly around Mar 10). Run ups start roughly a week before these announcements which would be the exact day the Jon Stewart episode and HBO doc come out. + +Buckle up! +Although I am on the front end of pursuing FIRE, I wanted to share what it has already done for me and my family. + +My wife and I decided it was time to family up and have some kiddos once we hit 30. After a year we were not able to conceive and decided to go with IVF. The first embryo transfer didn't take, the second brought us our now 18 month old son, and the most recent transfer sadly ended with a late miscarriage earlier this year. The struggle to conceive is frustrating, but the miscarriage put us at an all time low. + +All that to say the pursuit of FI put us in a position that we could spend +25K on what felt like endless fertility doctor visits without stressing about money. This journey has been a tough one, but smart financial decisions have made it somewhat easier. + +So my FI date keeps getting pushed out, but we will take some of our savings to get away for a week and just focus on our marriage. I'm not sure how this process would have looked if we didn't have the financial means to do so through the pursuit of FIRE. + +Just wanted to let everyone know how the pursuit of FIRE can help in ways you may have never imagined, like paying for the opportunity to have a family. Stay strong y'all! +Its not really a secret that there's big money to be made at this level. + +To those of you here who have managed it, what did your journey look like going from a regular 9-5 employee to landing that first c-level executive job? +I know this is a FIRE sub but; + +I've read a lot on this thread about how people invest enough to take from their interest and not from their principle, which is a no brainer once you make \~30x your yearly burn rate (when you can essentially re). While on the journey to that figure, what was the composition of work? What did you do/ are you doing? Entrepreneur/ business owner? Serial entrepreneur? High paying salaried job? Once you reach a milestone did you diversify? ie make enough to try real estate on weekends without diverging from your fire rate too much in hopes of a faster ror than investing. Did you focus on one thing? Apps? Bitcoin(lol)? Something local or global? something simple like a woodworking operation or something more complex? Passion projects? or hard slog for more than fair compensation? Did you try a million times before something worked? Did you hit on something early on? Did you experience phases/ steps of improvement or was it an incremental slope upwards? Any advice from how you got/ are getting where you want to be? + +Edit; It's been a few days since I posted this and I've had fairly good engagement from this community. I've lurked a while but this has been my first reddit post, so thank you for being so responsive and welcoming. This is obviously a community of intelligent ambitious people, it's supprising how much easier to find those are on the internet as opposed to irl. Glad I could stimulate some interesting conversation, it's incredibly useful for me, hopefully for others, hope it continues! +Good Morning Apes! + +Let hope we see more continued action today after yesterdays 6.8%+ close. With the gamma ramp shifting up slowly as more and more calls pile in a surge in volume past 210 could really kick this off. Today we also have T+2 settlement from last Friday, In order to fight for max pain lots of puts were purchased Friday the 10th to drive the price down. This and still expected volume from futures rollover continues to give this week a lot of promise. + +If you want a more in-depth look at this weeks TA [check out the weekly DD](https://www.reddit.com/r/Superstonk/comments/pn3ryv/too_many_shares_to_stuff_in_my_cellar_and_forward/) + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +[Exit DD](https://www.reddit.com/r/Superstonk/comments/nogxnr/infinity_war_the_final_exit_dd_compilation/) for those that want an idea of what to expect when this all goes down + +(save these links in case reddit goes down) + +*(this post will read from top to bottom)* + +(*feel free to ask me questions below, but if you can google it yourself please use common sense)* + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (previous ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180.5, 182.5, 185, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (new ATM offering) 226, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After-Hours + +Weird fight right at market close for 200 with a chunk of volume coming in on the first couple ticks of the hour. Pretty much nothing today, dragged down by the market which is hitting it's 7th red day in row and while inflation was down today it was not significant. I'm still watching for a spicy AH for this week if we are to expect and significant movement. Thank you for tuning in, see you tomorrow. + +\- Gherkinit + +https://preview.redd.it/8nk23jvbzin71.png?width=723&format=png&auto=webp&s=4b0c37455c164ac3b1e839d83077498f9dcd469d + +Edit 7 3:00 + +Flat and dry just dipping with the market .... + +https://preview.redd.it/upj9ntpgnin71.png?width=1590&format=png&auto=webp&s=f53364a661ae3f4ab0b3bbec9aabd04e29c3c5fc + +Edit 6 1:30 + +SPY turning back around a bit and we are coming up with it but as long as our volume is this low I expect we'll be pretty flat for today. Double bottom bounce testing VWAP + +https://preview.redd.it/24na9rgt7in71.png?width=1595&format=png&auto=webp&s=4f2ab7fe322cb2b74eb7f234bf16a271d2921ac1 + +Edit 5 12:28 + +Flat with no volume. We are positioned well for another test but it looks like we may not see volume till later this afternoon + +https://preview.redd.it/xl1hon8wwhn71.png?width=1581&format=png&auto=webp&s=56393d5a571db54fdce1c6afd64af8a3d174db26 + +Edit 4 11:15 + +Volume picking up green on the day now and testing 205 + +https://preview.redd.it/24gej0tjjhn71.png?width=1587&format=png&auto=webp&s=df99229b1944b8889bc2e36b230bee214d706369 + +Edit 3 10:38 + +Bounce off 197.50 after that failed double bottom breakout. RIP Feces the goldfish + +https://preview.redd.it/4uhy9x99dhn71.png?width=1590&format=png&auto=webp&s=dce030008023d825826ce7398a0fe18d884240d5 + +Edit 2 10:14 + +Double bottom on VWAP if we hold the resistance + +https://preview.redd.it/mty53x4p8hn71.png?width=1588&format=png&auto=webp&s=c46ff70c8241d94555ebafa2cbb425a4f6925f45 + +Edit 9:50 + +Morning short down to 195 lead to a nice bullish reversal, test at 205 and 210 are key for today + +https://preview.redd.it/0ehbi1ql4hn71.png?width=1584&format=png&auto=webp&s=b76e674b67ed42e5821b2d8cbbf9775fb5218c71 + +# Pre-Market Analysis + +9k volume traded so far this morning, Fidelity and IBKR with 775k available shares with \~250k borrowed this morning so far. Basically no pre-market movement if I am correct they are gonna drag this out as long as possible to relieve pressure from that ramp. I suppose their goal with t+2 is going to be to cover as slowly as possible, with the longs buying ITM calls like yesterday to push the price up however this covering could get the ball rolling. + +[pre-market on the 1m ](https://preview.redd.it/yjxghrfipgn71.png?width=1589&format=png&auto=webp&s=24559adeb2fecbcc96904943fee37594a961c9f8) + +Friday's highest volume puts ; + +https://preview.redd.it/s921ayu1qgn71.png?width=439&format=png&auto=webp&s=d5df281cda55494aba07f65106005faebd56c647 + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500. :)* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +After moass pops off and im a fucking multi millionaire, you think im gonna just put all that money in come criminal bank? Besides turning all that money into tangible assets, where is the best place to keep just straight up cash? Any ol little credit union? Are there special rich people credit unions? Should i dig a hole in the ground and bury it all like pablo escobar? Im just a poor lil broke country boy, i dont know how to be rich. +I am 25, a teacher, and am putting 300 a month into this plan. My financial advisor said this was the best plan (vs 403b and other options). I am a little concerned because I set this up in November and just now got the paperwork (after I had to request it.) Another thing that threw me off was the annuity date postws- December 2091.... When I'm 99 years old !! + +I honestly have no idea what I'm doing and I want to know if this is the right choice.. or not. From what I understand I have access to my money at any time, minus the percentage they will take away... But how is this different from a regular savings? Also, I see that I will get a monthly income for life, 120 payments guaranteed... What happens after the 120 ? + +http://imgur.com/is5sxoQ +http://imgur.com/Q7cHcqp + +Throw away because I feel so ignorant at the moment.... +\#ElonOne billboard up in NYC!! LARGEST SCREEN TOO. For those unaware, #AstroElon aka ElonOne is liquidity locked for 100yrs, has an anti devaluation system, holders reward system and an #NFT marketplace on layer 2 eliminating gas fees! Platform Launches in approx 2-3 weeks 👩‍🚀 + +&#x200B; + +ALSO, an Addictive blockchain game being developed! Dropping after NFT platform 🙌 + +&#x200B; + +Right now is early🚀 Shooting to a multi billion dollar cap. ONLY $35 mill cap as of now. You saw what the likes of SHIB, Kishu and FEG did after the launch of their products. ELONONE stands alone with their NFT marketplace empowering creators, partnering with celebrities and artists from many industries. This is the next HUGE meme ecosystem, incorporating MEMETILITY like never seen before. + +&#x200B; + +🔥HYPE, MEMES, UTILTY & FUNDAMENTALS🔥 + +&#x200B; + +NFTs AND GAMING 🚀💫💫 + +&#x200B; + +OVER 11,000 holders strong 💪🚀 + +&#x200B; + +DONT MISS ELONONE TRUST ME 🚀 + +&#x200B; + +For more info visit AstroElon.net 👩‍🚀 or join the ELONONE Army + +&#x200B; + +https://t.me/astro\_elon + +&#x200B; + +https://twitter.com/astroelon?s=21 +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. +My girlfriend and I found a place we really like, and the owners are moving out of the country and have gotten an agent that has handled all the communication between us. He drafted the lease and got both parties to sign it. The lease states that payments must be paid to the owner or the agent. + +In an email we asked how we will pay, and the agent said people usually just zelle him and that has caused my gf and I to take pause as it just feels weird. For starters my bank puts a $600 limit on zelle transactions per day which is significantly below the amount we will need to pay the agent, and at the end of the day we're about to zelle this guy $7000 and he just says look him up by name. + +This has caused some uneasiness, I've personally accidentally paid the wrong people on venmo because their username was so close to who the intended target was. + +We've met with the owner and the agent before and things seem fine in person, but this whole nonchalant email exchange with the agent has given us concern. We don't have the owners contact information, any recommendations on how to verify and suggest an alternative money transfer? I don't necessarily want to start the relationship on the wrong foot if he truly is our only point of contact. +Not as the title may have you believe... + +Myself and the boss are getting married in 2024 and the total cost is going to be in the region of £20k. + +We've heard of people using credit cards to pay for the wedding in order to receive alot of points/rewards. We are thinking along the lines of getting a card that provides rewards that could help out with the honeymoon to South-East Asia in 2025. + +To clarify, the wedding funds are coming from ourselves and both sets of parents. The credit card is not being used as credit and would be paid off immediately. + +Cheers! :) +A **blockchain casino** is a type of casino which implements blockchain technology for gambling to ensure maximum credibility and safety. Well, when it comes to the best blockchain casinos, what makes them special is a technology in the blockchain system called **Ethereum**. One specific example to be taken into account is Myoddz.bet casino (www.myoddz.bet) . + +Typical casinos comprise a ‘middle-man’ entity in every transaction which verifies each and every transaction. This makes pretty expensive and often faulty because they are always involved in conflicting transactions. Blockchain casinos, on the other hand, operate on a totally different principle where virtually there is no intermediary to verify records but a network of many blocks that do the authentication. + +**Advantages of using a blockchain casino:** + +* impossible to alter original data; + +* the capability for random number generation in a completely decentralized and authenticatable way; + +* cheaper compared to any other casino; + +* virtually impossible to hack. + +As cryptocurrency world is growing we will attend a transition from traditional casinos to the blockchain ones. Fairness is guaranteed and the system is totally “hacker –proof” because of its decentralized nature. + +**Why is Myoddz.bet worth a chance?** + + Their system provides you dividents payouts so it's like actually owning a blockchain casino! This can be one of the last chances to invest and to get a great a ROI on a monthly basis! + +Prior to shit hitting the fan, DCA was like the Bible around here, and rightfully so. It has been proven in more posts, blogs, etc. than I can count as a diversified, relatively safe way to reach respectable long-term YoY gains. + +I will assume everyone is familiar with the concept. + +Now it seems everyone in this subreddit has changed their strategy - most seem to be shorting or waiting - or those who are still DCAing are just staying quiet. + +I understand the fear. I get the temptation to find the bottom, or to short. But let’s take a step back and realize at the end of the day, as retail investors, we just are not privy to information on an institutional scale. Everyone knows about the Coronavirus, and everyone with half a brain knows it’s going to get worse, and it’s going to affect the economy (see: already is). The question is: is this priced in? Do the valuations of stock represent an accurate depiction of the expected future cash flows? How drastic will the impact actually be? What are the macroeconomic effects, both short and long-term? How will this change life as we know it? + +All these questions are beyond the scope of 99% of retail investors, myself included. I know this is a bad situation, and I know it’s going to get worse - but so does everyone else. Who’s to say we’re not already at the bottom? Who’s to say we’re properly priced in now? I’d venture to guess most people claiming it’s going to get worse and to wait to buy have never run a DCF model in their life. + +DCA works because it removes emotion from investing. I put in some this past Monday, and will do the same on my set date in a few weeks, no matter what happens between now and then. Y’all can continue to short and wait, but just know that there is a probability that things get better from here, and the premium on the options you’re paying - or the gains you miss out until you realize things have turned around - are priced in to your purchase into that option or approach. +...where Bitcoin will exist as merely a speculative asset. After this weekend, Bitcoin will be legal tender in El Salvador and there is no going back. + +Enjoy your last weekend. I might take Tuesday off work to celebrate. + +Edit + +Apparently we've started something here. On Tuesday, September 7, 2021, we are all buying $30 of Bitcoin. Spread the word. + +Edit 2 + +Coordinating the time. Place your buys at 5PM EDT (2PM Pacific, 9PM GMT). + +Edit 3 + +The timing coincides with the actual launch in El Salvador, per this thread: + +https://www.reddit.com/r/Bitcoin/comments/phgtq2/so_we_all_buying_30_worth_of_bitcoin_on_tuesday/ + +#30for30 +#BuyBTCTuesday + Hey guys - been doing a lot of reading recently and figured I should share some of the cooler stuff with the community. I whipped this up quickly but can do a more in-depth dive for this and other papers if there turns out to be interest. The paper is called [A Half Century of Macro Momentum](https://www.aqr.com/-/media/AQR/Documents/Insights/White-Papers/A-Half-Century-of-Macro-Momentum.pdf) by Jordan Brooks of AQR Capital. They’re a quant fund that runs a number of successful strategies. Nothing I say here is investment advice by the way, and I do recommend checking out the paper if interested. + +**- - - Executive Summary (given in paper)** + +*I outline a systematic and diversified approach to global macro investing grounded in economic theory, and detail its performance over the last half century. The analysis shows that the strategy has the potential to deliver strong positive returns, low correlation to traditional asset classes across various macroeconomic environments, and to provide diversification in bear equity markets and rising real yield environments. This systematic global macro strategy appears to be a complement to other alternative risk premia — such as trend-following and long-short value, momentum, and carry strategies — and does not appear to be fully exploited by existing global macro managers.* + +**- - - My Summary (in layman’s terms)** + +Global macro is a type of investing that involves looking at macroeconomic factors, well, globally. These factors include stuff like unemployment, business cycles, interest rates, international trade, and monetary policy (actions of the Fed and central banks around the world). Global macro investors make predictions based on studying these factors to figure out their outlook for the economy, and invest accordingly. This means their investment universe is much larger than just stocks. They look at long-term government bonds, currencies, and interest rate-affected assets (like short term bonds). + +Momentum trading is a strategy that typically involves looking at trends in stock prices and assuming that those trends will keep on going for a short period. For example, if there is upward momentum on a stock, momentum traders want to get in now while it’s still going up. Clearly, this is usually a short-term trading strategy. + +In a nutshell, macro momentum is a macro investing strategy that pulls from momentum strategies. Instead of looking at price trends, it looks at macroeconomic trends. It goes long (buys) assets that have positive macroeconomic indicators (explained below) and short (sells) if vice versa. The four asset types this strategy looks at are stocks, currencies, long-term government bonds, and short-term bonds (the paper calls this “global interest rates”). The four macroeconomic indicators this strategy looks at are business cycles (generally, how is the economy doing), monetary policy (what is the Fed doing, is it conservative or aggressive), international trade, and risk sentiment (are stocks going up or down). + +[Exhibit 1: Summary of Macro Momentum Indicators](https://i.imgur.com/x1nJJcF.png) + +Let’s talk through how I think about this, starting with the column “Increasing Growth.” If the economy is doing well, people have money, so they invest their money into stocks, making the outlook good for stocks. Stocks usually give more of a return than bonds, so their demand goes down, as does their price, making the outlook worse for longer term and shorter term bonds — I’m aware this isn’t the full picture but it’s how I think about it, bond folks please chip in if you’d like to add anything here. Growth is good for currencies as it is accompanied by more business and foreign investment, meaning more demand for the currency - the paper talks about the Balassa-Samuelson hypothesis here, which pretty much says countries with high productivity and therefore prices for tradable goods have higher prices for services too (developed countries vs. developing countries). + +Moving to int’l trade, this is captured by looking at whether the currency is depreciating (getting weaker, purchasing power decreasing) on a 1-year basis. Depreciating currency is good for stocks (because our currency is weaker compared to int’l currencies, our goods are relatively cheaper and there’s more demand for them and the companies that sell them), bad for currencies (similar idea to momentum, if currencies have been depreciating, we expect them to continue), and bad for bonds and interest rates. For this last bit, here’s how I think about it — if my currency is depreciating and getting weaker than other currencies, global investors don’t want to be holding it (effectively, its “price” is decreasing). Something that makes a currency attractive is a high interest rate, so parking your money in that currency earns you interest, so a weakening currency’s central bank has less incentive to decrease rates. The price of bonds and other interest rate products increases as rates decrease, meaning this environment/scenario is overall negative for bonds. + +Monetary policy, captured by looking at 1-year changes in the yield curve - this is where the x axis is the term of the bond and the y axis is the interest rate paid, it’s usually upward sloping in a good economy and downward in a bad one. If the Fed gets tighter (money printer out of ink), this is bad for stocks and bonds because there’s not as much money to go into these; and it’s good for currencies because it decreases the money supply and increases interest rates (more int’l investment into our currency). + +Finally, the risk sentiment is captured by looking at 1-year stock market returns. Increasing risk sentiment is when the stock market has strong returns. This is good for stocks (momentum) and currencies (int’l investment into our stocks), and bad for bonds (who wants to invest in bonds when stocks are doing so well). + +**- - - Creating a Macro Momentum Portfolio** + +With this in mind, we now want to create our macro momentum portfolio. This will consist of a long-short portfolio (LS) and a directional portfolio (D) for each combo of indicators and assets. So there’s four indicators times four asset types times two types of portfolios meaning we’ll have 32 “sub” portfolios total that we’ll then combine into the final macro momentum portfolio. + +LS — these are market neutral. This portfolio takes a long position in assets with favorable trends (above the average) and short for the assets with unfavorable trends (below the average). Because we’re doing all this with the average in mind, there’s a theoretical neutral exposure to the market, meaning this should perform despite market movements. + +D — these take long positions in assets with favorable trends and shorts in assets with unfavorable trends, meaning there’s no computation of an average, and the portfolio can be long or short-exposed. + +So we have a LS portfolio for stocks using the economic growth (business cycle) indicator, a D portfolio for the same, an LS for stocks using int’l trade as an indicator, a D portfolio for the same, etc. Once we have the 32 total, he aggregate macro momentum portfolio is created by taking an equal weight across all 32 asset-indicator portfolios. + +It’s easy to get lost in the specifics here, so I’ll repeat what we’re doing from a bird’s eye view again. We’re looking at 4 macroeconomic indicators from generally the past year, applying those indicators to 4 asset classes to make a table like the above, and then pretty much using those indicators to predict how the asset classes will perform over the next year. Rebalanced annually. + +**- - - Performance** + +This portfolio was tested from Jan 1970 to Dec 2016. That means it’s seen the bear markets of 1987, 2000, and 2008, but not 2020. It’s also seen recessions, wars, stagflation, and disinflation. Here are the results in a table: + +[Exhibit 3: Macro Momentum Strategy Performance since 1970](https://i.imgur.com/bbeBBzU.png) + +Let’s unpack this. Looks like a consistently market-beating strategy that is un-correlated with the stock and bond markets. One question you might have is, “if this is so good, why doesn’t AQR just invest fully in it?“ The best answer here is probably liquidity — as a fund with \~$150B in assets, it’s impossible to employ your capital all in one strategy without affecting prices enough that you’d no longer be beating markets. Also, AQR’s only been around since 1998, and although I’m sure they had this research in some way or another before the paper was published, it did just come out in 2017. + +The table shows a CAGR for the strat (without accounting for inflation) of 13%, compared to [8.41% for the S&P](http://www.moneychimp.com/features/market_cagr.htm). It beats its composite assets' returns in rising yield and falling yield markets, in bull runs and bear markets (on average), and has a higher Sharpe Ratio than the S&P for the period (1.2 vs. around 1.0). It’s non-correlated with bonds and has something of a negative correlation with stocks. Does the latter number mean it goes down when stocks go up, meaning it’s gone down for the majority of the period. No. The paper calls the returns of the strategy a “smile” compared to stock returns. Here’s a graph. + +[Exhibit 2: Quarterly Returns, 1970-2016](https://i.imgur.com/ZQO1o8p.png) + +When stocks are up, this portfolio is up a bit too (that's called a slightly positive beta). When stocks are down, this portfolio is up a whole lot (a very negative beta). On average, the portfolio has a slightly negative beta compared to stocks, as mentioned earlier. + +&#x200B; + +Thanks for reading. As I said earlier, I wanted to do a quick and dirty write-up since idk if this is something people want to read. If there’s interest, I’ll do more (will probably revisit this first, make the summary about 2x longer). Either way, seems pretty cool. I'm making an automated algorithm to track this strategy right now. Can’t go tits up. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. 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We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +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. +Palantir Technologies Inc. said it has been selected by the U.S. Special Operations Command to continue its work as their enterprise data management and AI-enabled mission command platform as part of the Mission Command System/Common Operational Picture program. + +The company said the contract is valued at a total of $111 million, inclusive of options, with $52.5 million executed upon award. The total contract includes a base year and one option year. + +Palantir shares were up 3% to $23.29 in premarket trading + +https://www.businesswire.com/news/home/20210528005069/en/Palantir-Awarded-111m-Contract-to-Provide-Mission-Command-Platform-for-the-United-States-Special-Operations-Command +https://newsfilter.io/a/53a8668b31a68335d92b3c59bb0d0a8f + +Lock and load retards. AMC is doubling its shares in a preferred short position. What does that mean? Hedgies are double deep and having to buy a share of the new ticker, designated APE, and will have 2 days to fill every order of an entirely new ticker. + +EDIT 1: Well I’m a retard, so go figure I’d mess this up on my first go-round. There’s a reason I’m on here, after all. + +With $APE, there will be a total of 516,820,595 individual shares to be distributed in a quantity coinciding with the count of the current float. If you own a legitimate share of $AMC, you will get a share of $APE. AA stated this is essentially going to function like a share count. Shorts will have to purchase and provide shares for each short they hold position in. They will have 2 days to do this from when $APE goes up, market makers will have 35 calendar days to cover because fuck you, they get 35 days. This is POTENTIALLY the same reason we haven’t seen much happening after the GME split - we haven’t reached the 35 day mark. This is also not inherent dilution because while $APE can be traded for a share of $AMC, that will have to happen only with the approval of shareholders at a future date. As of right now, $APE is its own ticker. + +This is not financial advice. I don’t claim that any of this is factual or even remotely correct because I have 2 brain cells and you should do your own damn research. I’m sure I have continued to fuck this up somehow anyway. I’m not an expert. Like I said before: there’s a reason I’m here and not somewhere else. + +I am also openly challenging u/Stylux to a bet if they aren’t too afraid. Terms will be stated and negotiated upon their response and potential acceptance to this bet. +Link to original post: https://www.reddit.com/r/personalfinance/comments/y29j4w/help_monthly_mortgage_payment_went_up_by_42/ + +Thank you r/personalfinance and everyone who helped me figure out what I had to do! I finally solved the issue! + +I hope this update will help anyone who might be going through something similar. :) + +I called Chase and the county treasurer, it turns out Chase was grossly overestimating my property taxes. They estimated my taxes to be ~7600/year and when I spoke with the county- with a Chase representative on the line- they told me my taxes would be ~2800/year. + +So yes, my taxes did go up because they were taxing me on a bare lot last year and this year they will be including the home. But, there was a mistake on Chase’s part when it came to estimating the tax amount. It probably wouldn’t have been caught had I just accepted it!! + +-Also on a side note I have filled out the proper paperwork to make my residence my primary residence! Thank you to everyone who suggested looking into that as well! ❤️ +You guys are fucking ridiculous. This whole downturn sucks, but you listen to the general sentiment out there and you realize, yeah we lost a bunch of money, but it's not 2008. + +Yet, I get on this sub and its pansy after pansy saying "oh no i lost a bunch of money", or "oh man, crash baby crash". Shut the fuck up. Both of you. This is a mother fucking correction. + +You think this fucking economy has that fucking China exposure warranting a fucking 1000 point drop. No. It fucking doesn't. It's a fucking shit blip, but who cares. Hell, I'm excited. It's good to see the wind get let out of our sails every once in a while. + +You dumbasses, this is fucking /r/investing. What are you here doing, playing fucking blackjack? Fucking invest. Invest you pussies. Fucking man the fuck up, and shut the fuck up. + +You bitches were mostly in middle school during 2008, so i get it. But fuckers, corrections happen. YOu'll live. Invest. Invest. Fucking Invest. + +I'm fuckin gdrunk. +Apologies if this isn't the right subreddit, but it's the closest I could think of. + +I have a very small company that repairs some obscure industrial circuit boards. A few weeks ago, I got an email from a guy in Malta to let me know he had found my address on the internet and had posted some things over to us. + +About a week later, I received a box of scrap boards - all faulty and mostly beyond repair. Worthless. + +However, the sender has put insane values on the import duty forms - basically the values these parts would have been to buy new - not the real (close to zero) value. In total there is around £12000 declared over two parcels. + +A week after we received these parcels, I have two bills from DHL totalling around £2500 for import duty and VAT on these two boxes of scrap parts. + +I called DHL directly (it's not a scam) and they weren't helpful - they claim the only route is for us to pay the bill, pay to re-export these scrap items back to the sender and then hope to reclaim the VAT and duty from HMRC somehow. However, we would have to fraudulently declare these massive values on our customs forms (and be out of pocket £2500+ temporarily, plus the £100 or so the shipping would cost) + +Does anyone know any other route round this? I just cannot understand how we have to pay out £2500+ because of mistakes made by a random guy halfway across the world! +So March was a crap month for most of us, unless you were in DW8 (congrats and fuck you to all of them)... So let's do a little competition... What stock is most likely to double in the next month ? + +Place your bets... +https://tradingformillions.com/were-back-folks-why-incannex-healthcare-is-growing-into-the-next-billion-dollar-behemoth/ + + +- Trading For Millions is back with another massive update on IHL. + +- This blog and its analysis was a major reason why I initially got into IHL and I’ve made 600% on my money on IHL thus far. + +- This article is extremely informative and good update where IHL is at today. Trading For Millions started a $50k portfolio which has grown into $500k and they expect that this will double in this next couple of months. + +- it’s free to read on the website, just sign up and its a massive analysis piece. Read, read again and you'll feel like buying more IHL immediately. + +It's probably the best read you will have on an ASX Listed Stock period. + +Cheers, E. + +The article is extremely comprehensive and took a lot of time to write, so I cannot copy paste the contents of the article here. + +I wrote a summary DD on IHL a few months back, this is more detailed and up to date. I highly recommend this article. Quite literally professionally written. + +Edit: Disclaimer, I know the author of the post personally and am promoting the article. I did a summary on this subreddit a few months back on the same stock with the DD flair and got a lot of support. This article is more comprehensive and more up to date as it was written with way more content and analysis than my concise summary. + ***KIS - King Island Scheelite (Dolphin Mine - Tungsten)*** + +&#x200B; + +**Short Term Price Target: 50c.** + + +**Medium Term Price Target: $1** + + +**Long Term Price Target: $4 and above.** + +&#x200B; + +After the capital raise today the SP started taking off as more and more people realised who the new investors were and the valuable highly limited resource that KIS has. + +See below comment from "Phuket Guy" on hotcopper regarding some of the names involved in this management / capital raise. + +**"THE BILLIONAIRES CLUB** \-Well big news today. I said this was EXTREMELY BULLISH! and great research finding out that this DACH group was behind it. We heard that the cornerstone investors behind this placement were huge. But this mob are about as big, strong rich,and highly respected as any European or global investment group. All of them are billionaires. Plus they own about 7 huge banks between them! + +I have also heard that since the Tasi govt gave their AUD 10 mill grant - KIS has already got bank offers for the balance of the full debt financing from locals Oz banks. Any of these guys private banks could fund it too - so with a group of this caliber behind them - the debt financing is a given - no two ways about it. + +I would also say that after that Tasi minister went down in the mine and mass tweeted a vid saying the govt was going to" help the mine develop" its probably also a given that the next federal grant (yes, grant not loan! - which means free money) for AUD 15 or 20 million from the new 1.2 billion fed govts new critical metals development fund - is now also a given. (PS someone should look behind where that money came from-id bet theres US govt money behind it) So anyway to me getting financing is no longer an issue. + +Meanwhile the shareholding in this little out-in-left field asx junior is increasingly looking like wall-to-wall billionaires - so doesn't that tell you normal investors something?. Go with the smart money? + +&#x200B; + +&#x200B; + +&#x200B; + +**Lets recap.** + +&#x200B; + +firstly there's the two founders multi-hundred millionaires **Chris Ellis** and his partner who pulled off a coup of selling their previous coal project for (was it 1.1billion USD -If my mind serves me rightly) They own 44% of the company + +Next in was local Tasi billionaire **Dan Elphinstone** Tasmania's richest man. (who came in at same time as us, the ***10baggerclub*** \-(and we have 2 billionaire members and several big multi millionaires.) + +Now we have the German Redbull Billionaire, **Dietrich Mateschitz** (one of Germanys richest men) + +and critical metals specialist and investor an almost billionaire **Heimo Quaderer.** + +Then theres Billionaire ***Prince*** **Michael of Lichtenstein** a renowned smart investor and also the head and part owner of LGT group, the biggest family-owned private banking and asset management group in the world. + +And lastly there the co director and large investor billionaiire Austrian banker HRH **Simeon von Habsburg**\- from **one of, if not the, richest family in Europe**, he is also MD of their private bank VP bank in Lichtenstein where some of Europes wealthiest families and industrialists bank. + +Mates! do i need to say more! why TF do you think they re all piling into and buying this junior ASX stock? why were three big US institutions knocked back for this placement? Why do you think the Tasi govt and next the federal Govt are going to give loans and grants to this company do you think its a coincidence??? + +They have all figured out what ive been telling you all for since last October! The west is out of High quality tungsten. This in the only known mine left. The western governments need it at any cost to run their high-tech medical industry and more importantly their militaries! + +This mine will now get its financing for sure, It will go into production, almost all its off-take is already agreed on a take-or-pay basis. + +And moreover IMO the high purity Tungsten price is going through the roof in the near future as people fight for it, There are no other high purity tungsten mines known in the west and even if one is discovered it takes years to get them into commissioning. + +This share is going a lot higher, so close your eyes and buy! Don't try to out think the billionaires,- you've all heard of follow the smart money right? They were buying today - so buy this stock - up to even 40-50 cents. + +If you don't you will probably only sit there watching it go up and regret not buying it! and IMO do it ASAP before the European market figures out why this power group of investors (probably no 1 group in the German speaking world) have gone into this obscure little stock on little King Island in the bass straits! + +I own millions of share but i went and bought more at 27 cents today! + +I rest my case M'lord.!" + +&#x200B; + +&#x200B; + +&#x200B; + +https://preview.redd.it/von29lyovcn61.png?width=600&format=png&auto=webp&s=a3ff0059f62c51246f3d7bf1a8a172c8ba031d2b +Hi everyone! I hope you're all doing well. Last year when it came time to start investing in the stock market after graduating from University with a degree (or something like that), what really shocked me was how volatile things can be- one moment your investments are skyrocketing; then suddenly they've dropped 50%. However despite losing $2k on ASX markets this past fiscal year alone--which isn't anything considering just where we were at before starting. +If you are feeling suicidal, please do not attempt to take your own life. DM me if you feel like talking, there's always hope! There were times when I thought about ending my depression because it felt like the only way out but then something changed in me; after reading books on various subjects which developed a new habit for reading, all of these insights helped remind why living matters even if what comes next doesn't seem bright right away - plus we never know who might need one person more down deep inside themselves. I love this Sub, Members are Funny, Honest and more importantly very kind. + +https://preview.redd.it/dz7owjkv58191.png?width=1700&format=png&auto=webp&s=c91cd62bb3d1c511020e36c1b239013336a9386c +So March was a crap month for most of us, unless you were in DW8 (congrats and fuck you to all of them)... So let's do a little competition... What stock is most likely to double in the next month ? + +Place your bets... +Your markets are run by bots. Now your 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). +There seems to be a common misconception out there that value investors only buy low PE stocks and ignore high growth stocks. Here is something that might surprise you : + +***The PE by itself tells us nothing about value.*** + +Here is a sample: +Let’s say a Stock A has a PE of 8 and Stock B has a PE of 15. Is Stock A a better value stock? + + +What if Stock A is growing its sales and profits at only 2% a year and Stock B grows by 10%? + + +Even worse what if Stock A is in a commodity business with dismal margins and ROIC of 3% while Stock B has an amazing 30% ? + + +All of the sudden Stock A doesn’t look cheap at all. In fact people could argue that Stock B is a much better Value stock + +Even worse: +What if Stock A has a lot of debt ? The PE won’t factor this in at all. What if the company has a market cap of 1 billion but another 2 billion in debt. + + +All of the sudden we are looking at and enterprise value of 3 Billion. Can this company even pay it’s interests? When you look at PE you might overlook all the other issues with the company. ***A low PE could be a good start for your research but by itself its meaningless.***  + +Another sample : +What if Stock A has a PE of 3 and Stock B has a PE of 100. No real value investor would buy this PE 100 stock. Its obviously overvalued. But is it really? + + +What if they both had big one off events? Let’s say Stock A sold parts of its business and booked the proceeds as profits. + +These proceeds won’t be there next year and the company will likely have a much higher PE once they return to normal. In fact since they sold parts of their Company it is even possible that they will earn less money in the future. **All of the sudden that PE 3 stock doesn’t look so cheap anymore.** + +Same with Stock B. What if it made decent profits year after year and in one year they decided to make a big acquisition that messed up their normal PE. + +A lot of people would say right off the back that a PE of 100 is expensive and overvalued. Is it? Next year the big expense won’t be there anymore and the company will likely earn more than before. **All of the sudden the PE of 100 turned into a great opportunity** + +Value investing is a lot more than just running a scanner and looking for low Price Earnings Values. It can be a great start for your research but keep in mind that there are many more variables that should be considered. + +***As investors we need to create a whole picture out of many small puzzle pieces. PE is just a small piece*** + +&#x200B; + +taken from : [https://welovevalue.com/buying-low-pe-stocks-is-not-value-investing/](https://welovevalue.com/buying-low-pe-stocks-is-not-value-investing/) +Was recently offered by AMEX their Centurion / Black card. + +So, who here has it or had it previously, and is it worth getting for the benefits? Why are you keeping it, or why did you get rid of it? + +As an FYI for 2021 they bumped up both the card initiation fee to $10K and the annual fee to $5K (previously $7500 and $2500). + +Edit: Biz version is available too, which would reduce above cost(s) by top marginal tax bracket as deductible through our business. + +Edit 2: Listed most of main card benefits in thread below. + +Edit 3: To clarify, this is for US version of the card. Initiation and annual fees are different in non-US countries. And I’m guessing card perks may be somewhat different elsewhere too. +John Oliver’s main segment on tonight’s Last Week Tonight on HBO is about cryptocurrency. +He was favorable on Blockchain tech. +Not so favorable on coins like Doge and pump and dump schemes, rightfully so. +Also discussed Bitconnect, ICOs, and he gives Brock Pierce shit, which is hilarious. + +I thought it was a pretty good segment. Tell us your thoughts if you watch. + +Edit: Here’s the link to the segment! +[Last Week Tonight](https://youtu.be/g6iDZspbRMg) +Hi, I'm a 21 year old and I recently got a new job which required me to move to another part of the country. This is my first time renting somewhere which isn't student accommodation. I was required to complete a credit check by the estate agents which I assumed would pass because I've never once taken out a loan or been in any debt at all other than student loan, I even have £3000 I was sitting on saved for this move. + +&#x200B; + +I get a call back from the estate agents telling me that I've failed because they found out that I had lied about being in debt and I apparently owe £1100 to someone, they didn't tell me who however all they said was that I had "Experian adverse credit search", is that bad? I obviously had no idea what they were talking about and was just confused, thinking that it must be an error and that I'd call them back once I found out what was happening. + +&#x200B; + +I told my parents about it, and they admitted that they did it in 2017 and they "didn't know how to tell me". It's apparently a catalogue, I'm not really sure what that means. I've asked her if this gets paid off will my credit be fixed and she said yes, however I don't trust her at all anymore and want to know what to do. I can't claim that I've been a victim of fraud and identity theft because I have younger siblings who are still in school and their lives would be ruined if my parents went to prison or lost their jobs or house. + +&#x200B; + +I called the estate agents back and they say I need to pay £900 for both a deposit and 4 weeks rent and I need a guarantor to be accepted, am I going to be treated like this for the foreseeable future, even if I pay off my parents debt? + +&#x200B; + +UPDATE: I checked the dates on these loans were made and they are from early 2015, when I was 17. My parents lied about my age and put 1996 on the date of birth. I've asked them why they did it and they said that they were going through a extremely bad financial situation which was spiralling out of control and they had to do it or else we would have been evicted and they would go bankrupt. They claim the loan wasn't for personal gain in any way at all, which I believe because they have not done it since this period in early 2015. Their credit score is 200 apparently so they couldn't get any loans themselves. + +Because the loans were made so long ago they were defaulted some as early as 2015, the latest in 2016. Which means that 6 years from then is 2022 and my credit rating will go back to normal. The CCJ however was judged early 2017 so it will be 2023 when that goes away. One confusing thing is that the total debt amount (£2542) doesn't add up to the CCJ amount (£1092), so I assume some debts are not being covered by the CCJ and will not appear on my credit score in 2022. + +My mother is about to finish her masters degree this year and my father graduated this year too. All my life I've never known them to be the type of people who would fuck me over and ruin my life for quick cash. I can honestly believe that they wouldn't do this to me unless it was absolutely necessary. At that time in 2015 they were both unemployed or working shit jobs. I've asked what they want to do to fix this and they've said they will pay it off for me in full once they start their jobs, which I assume will be higher paid than in the past due to their qualifications now. If they lied and don't pay I'll claim fraud. They also say they have been making payments solidly recently and the CCJ has gone down to £700 remaining. + +To address everyone saying that I should report this, as if it's an easy decision. For some context I am the eldest child, and I have siblings who are 17,11 and 4, all of which depend on them. I do not have any close relatives who they could stay with if they are unable to support them anymore. I don't even know if I can get a credit check for my 17 year old sibling but I will pursue it to ensure he has not been a victim of fraud. + +My understanding of what will happen if I report this is that the debt will not go away, it will just be transferred to them with additional fines as a minimum penalty. In my eyes this isn't solving the problem, just making it worse. Even if I don't care about my parents being punished, my siblings will be punished indirectly as a result of this. My mother could fail her masters degree and even if she passes places may not hire her if she goes to prison. This could potentially fuck up my family permanently, when the alternative is that I have a shitty credit rating for a few years. + +I understand that they could do this to my other siblings but because of their age I would only tell my eldest sibling to check his credit score regularly, and tell him to let me know if something comes up and then report them for fraud. I highly doubt they will do it again because their story checks out and I know their personality, it isn't like them to do this unless it was 100% necessary. + +I'm currently a student on a sandwich year so for the next 2 years my credit score won't really matter which only leaves me with 2 years maximum with a shitty credit score which I'm willing to endure for the greater good of keeping my family together. +I've never had a pot of money before so be gentle with me! +I currently have around £7k sat in my current account which makes me very uncomfortable. +It was kindly gifted to me to support time off/ paternity leave over the next year however I've since realised I will go a little crazy not working at all during that year so I intend to have some cash flowing in meaning I wont need to instantly access it and can afford a degree of risk in the hope of some increased value. + + +That said, the money is very much there so I can make the most of new parenthood and take time off to have fun and relax so I dont want anything too risky or hard to access. + +Given that I can afford a degree of risk, and can be flexible with when it needs to be withdrawn by a few months, what are you recommendations as to where I put it? + +Edit: this is money separate from my emergency fund which covers around 3 months of outgoings emergency car repairs etc. +Hi, I have been working at my first post-grad, big boy engineering job for just about 2 years now. I have been thinking of leaving since roughly August but haven't put serious effort into finding a new place (yeah, yeah, not the brightest move). I was put on a performance improvement plan at the beginning of 2021 but have missed my marks and it is looking like they will let me go. + +&#x200B; + +Part of the reason I haven't looked for other places is that I am not sure that I am set on engineering. My internship and current job were both not great experiences for different reasons and I am worried about being able to find a middle ground, if that is even something I want to continue doing. I was lucky enough that I don't have student loans so my only expenses are rent, car payment, and staying alive, which I have enough saved for almost a year. + +&#x200B; + +My question comes down to would it benefit me more to leave now with nothing lined up but be able to say I left rather than being let go, or keep working until I get the axe to get those extra pay checks and potential unemployment benefits? And what things I can do to prepare in the meantime. There is also the third, more ideal, option of me holding out and finding a different job before the axe, but I am not holding my breath on that at this point. + +&#x200B; + +Let me know if this is the wrong sub for my question or if you know of a better place to ask. Thank you in advance! + +Edit: since many people were asking, I work in manufacturing and an electrical engineer. +Good Saturday afternoon to all of you here on r/StockMarket. I hope everyone on this sub made out pretty nicely in the market this past week, and is ready for the new trading week ahead. + +Here is everything you need to know to get you ready for the trading week beginning June 29th, 2020. + +# **Fragile economic recovery faces first big test with June jobs report in the week ahead - [(Source)](https://www.cnbc.com/2020/06/26/jobs-report-will-be-a-litmus-test-for-economy-as-investors-focus-on-surge-in-virus-outbreaks.html)** +***** +> The second half of 2020 is nearly here, and now it’s up to the economy to prove that the stock market was right about a sharp comeback in growth. +***** +> The first big test will be the June jobs report, out on Thursday instead of its usual Friday release due to the July 4 holiday. According to Refinitiv, economists expect 3 million jobs were created, after May’s surprise gain of 2.5 million payrolls beat forecasts by a whopping 10 million jobs. +***** +> “If it’s stronger, it will suggest that the improvement is quicker, and that’s kind of what we saw in May with better retail sales, confidence was coming back a little and auto sales were better,” said Kevin Cummins, chief U.S. economist at NatWest Markets. +***** +> The second quarter winds down in the week ahead as investors are hopeful about the recovery but warily eyeing rising cases of Covid-19 in a number of states. +***** +> Stocks were lower for the week, as markets reacted to rising cases in Texas, Florida and other states. Investors worry about the threat to the economic rebound as those states move to curb some activities. The S&P 500 is up more than 16% so far for the second quarter, and it is down nearly 7% for the year. Friday’s losses wiped out the last of the index’s June gains. +***** +“I think the stock market is looking beyond the valley. It is expecting a V-shaped economic recovery and a solid 2021 earnings picture,” said Sam Stovall, chief investment strategist at CFRA. He expects large-cap company earnings to be up 30% next year, and small-cap profits to bounce back by 140%. +***** +> “I think the second half needs to be a ‘show me’ period, proving that our optimism was justified, and we’ll need to see continued improvement in the economic data, and I think we need to see upward revisions to earnings estimates,” Stovall said. +***** +> Liz Ann Sonders, chief investment strategist at Charles Schwab, said she expects the recovery will not be as smooth as some expect, particularly considering the resurgence of virus outbreaks in sunbelt states and California. +***** +> “Now as I watch what’s happening I think it’s more likely to be rolling Ws,” rather than a V, she said. “It’s not just predicated on a second wave. I’m not sure we ever exited the first wave.” +***** +> Even without actual state shutdowns, the virus could slow economic activity. “That doesn’t mean businesses won’t shut themselves down, or consumers won’t back down more,” she said. +***** +> # Election ahead +> In the second half of the year, the market should turn its attention to the election, but Sonders does not expect much reaction to it until after Labor Day. RealClearPolitics average of polls shows Democrat Joe Biden leading President Donald Trump by 10 percentage points, and the odds of a Democratic sweep have been rising. +***** +> Biden has said he would raise corporate taxes, and some strategists say a sweep would be bad for business, due to increased regulation and higher taxes. Trump is expected to continue using tariffs, which unsettles the market, though both candidates are expected to take a tough stance on China. +***** +> “If it looks like the Senate stays Republican than there’s less to worry about in terms of policy changes,” Sonders said. “I don’t think it’s ever as binary as some people think.” +***** +> Stovall said a quick study shows that in the four presidential election years back to 1960, where the first quarter was negative, and the second quarter positive, stocks made gains in the second half. +***** +> Those were 1960 when John Kennedy took office, 1968, when Richard Nixon won; 1980 when Ronald Reagan’s was elected to his first term; and 1992, the first win by Bill Clinton. Coincidentally, in all of those years, the opposing party gained control of the White House. +***** +> # Stimulus +> The stocks market’s strong second-quarter showing came after the Fed and Congress moved quickly to inject the economy with trillions in stimulus. That unlocked credit markets and triggered a stampede by companies to restructure or issue debt. About $2 trillion in fiscal spending was aimed at consumers and businesses, who were in sudden need of cash after the abrupt shutdown of the economy. +***** +> Fed Chairman Jerome Powell and Treasury Secretary Steven Mnuchin both testify before the House Financial Services Committee Tuesday on the response to the virus. That will be important as markets look ahead to another fiscal package from Congress this summer, which is expected to provide aid to states and local governments; extend some enhanced benefits for unemployment, and provide more support for businesses. +***** +> “So much of it is still so fluid. There are a bunch of fiscal items that are rolling off. There’s talk about another fiscal stimulus payment like they did last time with a $1,200 check,” said Cummins. +***** +> Strategists expect Congress to bicker about the size and content of the stimulus package but ultimately come to an agreement before enhanced unemployment benefits run out at the end of July. Cummins said state budgets begin a new year July 1, and states with a critical need for funds may have to start letting workers go, as they cut expenses. +***** +> The Trump administration has indicated the jobs report Thursday could help shape the fiscal package, depending on what it shows. The federal supplement to state unemployment benefits has been $600 a week, but there is opposition to extending that, and strategists expect it to be at least cut in half. +***** +> The unemployment rate is expected to fall to 12.2% from 13.3% in May. Cummins said he had expected 7.2 million jobs, well above the consensus, and an unemployment rate of 11.8%. +***** +> As of last week, nearly 20 million people were collecting state unemployment benefits, and millions more were collecting under a federal pandemic aid program. +***** +> “The magnitude here and whether it’s 3 million or 7 million is kind of hard to handicap to begin with,” Cummins said. Economists have preferred to look at unemployment claims as a better real time read of employment, but they now say those numbers could be impacted by slow reporting or double filing. +***** +> “There’s no clarity on how you define the unemployed in the Covid 19 environment,” said Chris Rupkey, chief financial economist at MUFG Union Bank. “If there’s 30 million people receiving insurance, unemployment should be above 20%. +***** + +# **This past week saw the following moves in the S&P:** +###### **([CLICK HERE FOR THE FULL S&P TREE MAP FOR THE PAST WEEK!](https://i.imgur.com/h30byeH.png))** + +# **Major Indices for this past week:** +###### **([CLICK HERE FOR THE MAJOR INDICES FOR THE PAST WEEK!](https://i.imgur.com/gmaTq9q.png))** + +# **Major Futures Markets as of Friday's close:** +###### **([CLICK HERE FOR THE MAJOR FUTURES INDICES AS OF FRIDAY!](https://i.imgur.com/lwXal2a.png))** + +# **Economic Calendar for the Week Ahead:** +###### **([CLICK HERE FOR THE FULL ECONOMIC CALENDAR FOR THE WEEK AHEAD!](https://i.imgur.com/NF3zXpe.png))** + +# **Percentage Changes for the Major Indices, WTD, MTD, QTD, YTD as of Friday's close:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/GxlZmlt.png))** + +# **S&P Sectors for the Past Week:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/bCFRgYl.png))** + +# **Major Indices Pullback/Correction Levels as of Friday's close:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/bcysKx4.png)** + +# **Major Indices Rally Levels as of Friday's close:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/fVhp6Ao.png))** + +# **Most Anticipated Earnings Releases for this week:** +###### **([CLICK HERE FOR THE CHART!](https://i.postimg.cc/Qdshdj1g/er1.png))** + +# **Here are the upcoming IPO's for this week:** +###### **([CLICK HERE FOR THE CHART!](https://i.postimg.cc/Fzq57jSf/ipos1.png))** + +# **Friday's Stock Analyst Upgrades & Downgrades:** +###### **([CLICK HERE FOR THE CHART LINK #1!](https://i.postimg.cc/QNwWLCYC/upgradesdowngrades1.png))** +###### **([CLICK HERE FOR THE CHART LINK #2!](https://i.postimg.cc/Bbr827PH/upgradesdowngrades2.png))** + +***** + +# When Will The Economy Recover? + +> The economy is moving in the right direction, as many economic data points are coming in substantially better than what the economists expected. From May job gains coming in more than 10 million higher than expected and retail sales soaring a record 18%, how quickly the economy is bouncing back has surprised nearly everyone. + +> “As good as the recent economic data has been, we want to make it clear, it could still take years for the economy to fully come back,” explained LPL Financial Senior Market Strategist Ryan Detrick. “Think of it like building a house. You get all the big stuff done early, then some of the small things take so much longer to finish; I’m looking at you crown molding.” + +> Here’s the hard truth; it might take years for all of the jobs that were lost to fully recover. In fact, during the 10 recessions since 1950, it took an average of 30 months for lost jobs to finally come back. As the LPL Chart of the Day shows, recoveries have taken much longer lately. In fact, it took four years for the jobs lost during the tech bubble recession of the early 2000s to come back and more than six years for all the jobs lost to come back after the Great Recession. Given many more jobs were lost during this recession, it could takes many years before all of them indeed come back. + +> ###### **([CLICK HERE FOR THE CHART!](https://i0.wp.com/lplresearch.com/wp-content/uploads/2020/06/6.26.20-blog-chart-1.png?ssl=1))** + +> The economy is going the right direction, and if there is no major second wave outbreak it could surprise to the upside. Importantly, this economic recovery will still be a long and bumpy road. + +***** + +# Nasdaq - Russell Spread Pulling the Rubber Band Tight + +> The Nasdaq has been outperforming every other US-based equity index over the last year, and nowhere has the disparity been wider than with small caps. The chart below compares the performance of the Nasdaq and Russell 2000 over the last 12 months. While the performance disparity is wide now, through last summer, the two indices were tracking each other nearly step for step. Then last fall, the Nasdaq started to steadily pull ahead before really separating itself in the bounce off the March lows. Just to illustrate how wide the gap between the two indices has become, over the last six months, the Nasdaq is up 11.9% compared to a decline of 15.8% for the Russell 2000. That's wide! + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2020/06/062620-Nasdaq-vs-Russell1.png))** + +> In order to put the recent performance disparity between the two indices into perspective, the chart below shows the rolling six-month performance spread between the two indices going back to 1980. With a current spread of 27.7 percentage points, the gap between the two indices hasn't been this wide since the days of the dot-com boom. Back in February 2000, the spread between the two indices widened out to more than 50 percentage points. Not only was that period extreme, but ten months before that extreme reading, the spread also widened out to more than 51 percentage points. The current spread is wide, but with two separate periods in 1999 and 2000 where the performance gap between the two indices was nearly double the current level, that was a period where the Nasdaq REALLY outperformed small caps. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2020/06/062620-Nasdaq-vs-Russell-Performance-Spread.png))** + +> To illustrate the magnitude of the Nasdaq's outperformance over the Russell 2000 from late 1998 through early 2000, the chart below shows the performance of the two indices beginning in October 1998. From that point right on through March of 2000 when the Nasdaq peaked, the Nasdaq rallied more than 200% compared to the Russell 2000 which was up a relatively meager 64%. In any other environment, a 64% gain in less than a year and a half would be excellent, but when it was under the shadow of the surging Nasdaq, it seemed like a pittance. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2020/06/062620-Russell-1998-2000.png))** + +***** + +# Share Price Performance + +> The US equity market made its most recent peak on June 8th. From the March 23rd low through June 8th, the average stock in the large-cap Russell 1,000 was up more than 65%! Since June 8th, the average stock in the index is down more than 11%. Below we have broken the index into deciles (10 groups of 100 stocks each) based on simple share price as of June 8th. Decile 1 (marked "Highest" in the chart) contains the 10% of stocks with the highest share prices. Decile 10 (marked "Lowest" in the chart) contains the 10% of stocks with the lowest share prices. As shown, the highest priced decile of stocks are down an average of just 4.8% since June 8th, while the lowest priced decile of stocks are down an average of 21.5%. It's pretty remarkable how performance gets weaker and weaker the lower the share price gets. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2020/06/shareprices.png))** + +***** + +# Nasdaq 2% Pullbacks From Record Highs + +> It's hard to believe that sentiment can change so fast in the market that one day investors and traders are bidding up stocks to record highs, but then the next day sell them so much that it takes the market down over 2%. That's exactly what happened not only in the last two days but also two weeks ago. While the 5% pullback from a record high back on June 10th took the Nasdaq back below its February high, this time around, the Nasdaq has been able to hold above those February highs. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2020/06/062520-Nasdaq.png))** + +> In the entire history of the Nasdaq, there have only been 12 periods prior to this week where the Nasdaq closed at an all-time high on one day but dropped more than 2% the next day. Those occurrences are highlighted in the table below along with the index's performance over the following week, month, three months, six months, and one year. We have also highlighted each occurrence that followed a prior one by less than three months in gray. What immediately stands out in the table is how much gray shading there is. In other words, these types of events tend to happen in bunches, and if you count the original occurrence in each of the bunches, the only two occurrences that didn't come within three months of another occurrence (either before or after) were July 1986 and May 2017. + +> In terms of market performance following prior occurrences, the Nasdaq's average and median returns were generally below average, but there is a pretty big caveat. While the average one-year performance was a gain of 1.0% and a decline of 23.6% on a median basis, the six occurrences that came between December 1999 and March 2000 all essentially cover the same period (which was very bad) and skew the results. Likewise, the three occurrences in the two-month stretch from late November 1998 through January 1999 where the Nasdaq saw strong gains also involves a degree of double-counting. As a result of these performances at either end of the extreme, it's hard to draw any trends from the prior occurrences except to say that they are typically followed by big moves in either direction. The only time the Nasdaq wasn't either 20% higher or lower one year later was in 1986. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2020/06/062520-Nasdaq-table.png))** + +***** + +# Christmas in July: NASDAQ’s Mid-Year Rally + +> In the mid-1980s the market began to evolve into a tech-driven market and the market’s focus in early summer shifted to the outlook for second quarter earnings of technology companies. Over the last three trading days of June and the first nine trading days in July, NASDAQ typically enjoys a rally. This 12-day run has been up 27 of the past 35 years with an average historical gain of 2.5%. This year the rally may have begun a day early, today and could last until on or around July 14. + +> After the bursting of the tech bubble in 2000, NASDAQ’s mid-year rally had a spotty track record from 2002 until 2009 with three appearances and five no-shows in those years. However, it has been quite solid over the last ten years, up nine times with a single mild 0.1% loss in 2015. Last year, NASDAQ advanced a solid 4.6% during the 12-day span. + +> ###### **([CLICK HERE FOR THE CHART!](https://66.media.tumblr.com/9a3f9a9bcdec2658e277e355b7546afd/cc4a84325aa4bac2-f4/s500x750/7fb3b7511a3babffaf166b95698ee3d26b9fce6e.jpg))** + +***** + +# Tech Historically Leads Market Higher Until Q3 of Election Years + +> As of yesterday’s close DJIA was down 8.8% year-to-date. S&P 500 was down 3.5% and NASDAQ was up 12.1%. Compared to the typical election year, DJIA and S&P 500 are below historical average performance while NASDAQ is above average. However this year has not been a typical election year. Due to the covid-19, the market suffered the damage of the shortest bear market on record and a new bull market all before the first half of the year has come to an end. + +> In the surrounding Seasonal Patten Charts of DJIA, S&P 500 and NASDAQ, we compare 2020 (as of yesterday’s close) to All Years and Election Years. This year’s performance has been plotted on the right vertical axis in each chart. This year certainly has been unlike any other however some notable observations can be made. For DJIA and S&P 500, January, February and approximately half of March have historically been weak, on average, in election years. This year the bear market ended on March 23. Following those past weak starts, DJIA and S&P 500 historically enjoyed strength lasting into September before experiencing any significant pullback followed by a nice yearend rally. NASDAQ’s election year pattern differs somewhat with six fewer years of data, but it does hint to a possible late Q3 peak. + +> ###### **([CLICK HERE FOR THE CHART!](https://66.media.tumblr.com/9a56ad0dccb7029a9152a881572424d1/9349f852f8a4f51b-62/s500x750/fc4b4fc52d43524b6d2e5f24afe1a490d20e2846.jpg))** +> ###### **([CLICK HERE FOR THE CHART!](https://66.media.tumblr.com/5532ba3299f602fd188596114aed571c/9349f852f8a4f51b-91/s500x750/9c9f9c3f4b1e6be51e2e1bdba2a7cd66624a796b.jpg))** +> ###### **([CLICK HERE FOR THE CHART!](https://66.media.tumblr.com/b65eca042c2a1b99b072d84852a9ec79/9349f852f8a4f51b-9a/s500x750/b3bc6f76675d40182131deb2406e2f7ca1692f78.jpg))** + +***** + +# **STOCK MARKET VIDEO: Stock Market Analysis Video for Week Ending June 26th, 2020** +###### **([CLICK HERE FOR THE YOUTUBE VIDEO!](https://www.youtube.com/watch?v=_iVb1NaoMv4)** + +# **STOCK MARKET VIDEO: ShadowTrader Video Weekly 6.28.20** +###### **([CLICK HERE FOR THE YOUTUBE VIDEO!](https://www.youtube.com/watch?v=cNZKFf-m6eo))** + +***** + +Here are the most notable companies (tickers) reporting earnings in this upcoming trading week ahead- + +***** + +> * **$MU** +> * **$GIS** +> * **$FDX** +> * **$CAG** +> * **$STZ** +> * **$CPRI** +> * **$XYF** +> * **$AYI** +> * **$MEI** +> * **$UNF** +> * **$CDMO** +> * **$SCHN** +> * **$LNN** +> * **$CULP** +> * **$XELA** +> * **$KFY** +> * **$RTIX** +> * **$JRSH** + +***** + +###### **([CLICK HERE FOR NEXT WEEK'S MOST NOTABLE EARNINGS RELEASES!](https://i.postimg.cc/3NK1JK2q/er1.png))** +###### **([CLICK HERE FOR NEXT WEEK'S HIGHEST VOLATILITY EARNINGS RELEASES!](https://i.postimg.cc/HnB2rf2k/ervol1.png))** +###### **([CLICK HERE FOR MOST NOTABLE EARNINGS RELEASES FOR THE NEXT 4 WEEKS!](https://i.imgur.com/XH4RkL4.jpg))** + +***** + +Below are some of the notable companies coming out with earnings releases this upcoming trading week ahead which includes the date/time of release & consensus estimates courtesy of Earnings Whispers: + +***** + +> # ***Monday 6.29.20 Before Market Open:*** +> ###### ([CLICK HERE FOR MONDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!]()) +NONE. + +> # ***Monday 6.29.20 After Market Close:*** +> ###### ([CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/uKFekV6.png)) + +***** + +> # ***Tuesday 6.30.20 Before Market Open:*** +> ###### ([CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/6OL1zNs.png)) + +> # ***Tuesday 6.30.20 After Market Close:*** +> ###### ([CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/yrOF8X0.png)) + +***** + +> # ***Wednesday 7.1.20 Before Market Open:*** +> ###### ([CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/X6CIUQJ.png)) + +> # ***Wednesday 7.1.20 After Market Close:*** +> ###### ([CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!]()) +NONE. + +***** + +> # ***Thursday 7.2.20 Before Market Open:*** +> ###### ([CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/2dhu21m.png)) + +> # ***Thursday 7.2.20 After Market Close:*** +> ###### ([CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!]()) +NONE. + +***** + +> # ***Friday 7.3.20 Before Market Open:*** +> ###### ([CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!]()) +NONE. + +***** + +> # ***Friday 7.3.20 After Market Close:*** +> ###### ([CLICK HERE FOR FRIDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!]()) +NONE. + +***** + +# Micron Technology, Inc. $48.49 +> **Micron Technology, Inc. (MU)** is confirmed to report earnings at approximately 4:00 PM ET on Monday, June 29, 2020. The consensus earnings estimate is $0.71 per share on revenue of $5.27 billion and the Earnings Whisper ® number is $0.70 per share. Investor sentiment going into the company's earnings release has 71% expecting an earnings beat The company's guidance was for earnings of $0.40 to $0.70 per share. Consensus estimates are for earnings to decline year-over-year by 29.00% with revenue increasing by 10.07%. Short interest has increased by 7.6% since the company's last earnings release while the stock has drifted higher by 8.0% from its open following the earnings release to be 0.9% below its 200 day moving average of $48.94. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, June 11, 2020 there was some notable buying of 46,037 contracts of the $60.00 call expiring on Friday, July 17, 2020. Option traders are pricing in a 4.6% move on earnings and the stock has averaged a 8.4% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=MU&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# General Mills, Inc. $59.21 +> **General Mills, Inc. (GIS)** is confirmed to report earnings at approximately 7:00 AM ET on Wednesday, July 1, 2020. The consensus earnings estimate is $1.04 per share on revenue of $4.89 billion and the Earnings Whisper ® number is $1.10 per share. Investor sentiment going into the company's earnings release has 69% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 25.30% with revenue increasing by 17.50%. Short interest has decreased by 9.4% since the company's last earnings release while the stock has drifted higher by 2.7% from its open following the earnings release to be 7.8% above its 200 day moving average of $54.91. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, June 24, 2020 there was some notable buying of 8,573 contracts of the $60.00 call expiring on Friday, July 17, 2020. Option traders are pricing in a 6.6% move on earnings and the stock has averaged a 3.0% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=GIS&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# FedEx Corp. $130.08 +> **FedEx Corp. (FDX)** is confirmed to report earnings at approximately 4:00 PM ET on Tuesday, June 30, 2020. The consensus earnings estimate is $1.42 per share on revenue of $16.31 billion and the Earnings Whisper ® number is $1.65 per share. Investor sentiment going into the company's earnings release has 61% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 71.66% with revenue decreasing by 8.41%. Short interest has increased by 10.4% since the company's last earnings release while the stock has drifted higher by 43.9% from its open following the earnings release to be 7.6% below its 200 day moving average of $140.75. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, June 25, 2020 there was some notable buying of 1,768 contracts of the $145.00 call expiring on Thursday, July 2, 2020. Option traders are pricing in a 4.6% move on earnings and the stock has averaged a 7.7% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=FDX&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# Conagra Brands, Inc. $32.64 +> **Conagra Brands, Inc. (CAG)** is confirmed to report earnings at approximately 7:30 AM ET on Tuesday, June 30, 2020. The consensus earnings estimate is $0.66 per share on revenue of $3.24 billion and the Earnings Whisper ® number is $0.69 per share. Investor sentiment going into the company's earnings release has 66% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 83.33% with revenue increasing by 23.99%. Short interest has decreased by 38.3% since the company's last earnings release while the stock has drifted higher by 6.3% from its open following the earnings release to be 6.4% above its 200 day moving average of $30.68. Overall earnings estimates have been revised higher since the company's last earnings release. On Thursday, June 11, 2020 there was some notable buying of 3,239 contracts of the $29.00 put expiring on Thursday, July 2, 2020. Option traders are pricing in a 4.7% move on earnings and the stock has averaged a 10.8% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=CAG&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# Constellation Brands, Inc. $168.99 +> **Constellation Brands, Inc. (STZ)** is confirmed to report earnings at approximately 7:30 AM ET on Wednesday, July 1, 2020. The consensus earnings estimate is $1.91 per share on revenue of $1.97 billion and the Earnings Whisper ® number is $2.12 per share. Investor sentiment going into the company's earnings release has 53% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 13.57% with revenue decreasing by 13.69%. Short interest has increased by 20.8% since the company's last earnings release while the stock has drifted higher by 25.2% from its open following the earnings release to be 5.2% below its 200 day moving average of $178.34. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, June 9, 2020 there was some notable buying of 888 contracts of the $195.00 call expiring on Friday, October 16, 2020. Option traders are pricing in a 3.1% move on earnings and the stock has averaged a 5.7% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=STZ&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# Capri Holdings Limited $14.37 +> **Capri Holdings Limited (CPRI)** is confirmed to report earnings at approximately 6:30 AM ET on Wednesday, July 1, 2020. The consensus earnings estimate is $0.32 per share on revenue of $1.18 billion and the Earnings Whisper ® number is $0.34 per share. Investor sentiment going into the company's earnings release has 39% expecting an earnings beat The company's guidance was for earnings of $0.68 to $0.73 per share. Consensus estimates are for earnings to decline year-over-year by 49.21% with revenue decreasing by 12.20%. Short interest has increased by 35.1% since the company's last earnings release while the stock has drifted lower by 56.7% from its open following the earnings release to be 44.0% below its 200 day moving average of $25.67. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, June 4, 2020 there was some notable buying of 11,042 contracts of the $17.50 put expiring on Friday, August 21, 2020. Option traders are pricing in a 10.8% move on earnings and the stock has averaged a 6.7% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=CPRI&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# X Financial $0.92 +> **X Financial (XYF)** is confirmed to report earnings at approximately 5:00 PM ET on Tuesday, June 30, 2020. The consensus earnings estimate is $0.09 per share. Investor sentiment going into the company's earnings release has 25% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 55.00% with revenue increasing by 763.52%. Short interest has increased by 1.0% since the company's last earnings release while the stock has drifted lower by 1.2% from its open following the earnings release to be 37.7% below its 200 day moving average of $1.47. Overall earnings estimates have been unchanged since the company's last earnings release. The stock has averaged a 4.9% move on earnings in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=XYF&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# Acuity Brands, Inc. $84.45 +> **Acuity Brands, Inc. (AYI)** is confirmed to report earnings at approximately 8:40 AM ET on Tuesday, June 30, 2020. The consensus earnings estimate is $1.14 per share on revenue of $809.25 million and the Earnings Whisper ® number is $1.09 per share. Investor sentiment going into the company's earnings release has 42% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 51.90% with revenue decreasing by 14.60%. Short interest has increased by 48.5% since the company's last earnings release while the stock has drifted higher by 2.4% from its open following the earnings release to be 23.4% below its 200 day moving average of $110.25. Overall earnings estimates have been revised lower since the company's last earnings release. Option traders are pricing in a 9.2% move on earnings and the stock has averaged a 8.2% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=AYI&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# Methode Electronics, Inc. $30.02 +> **Methode Electronics, Inc. (MEI)** is confirmed to report earnings at approximately 7:00 AM ET on Tuesday, June 30, 2020. The consensus earnings estimate is $0.77 per share on revenue of $211.39 million. Investor sentiment going into the company's earnings release has 45% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 24.19% with revenue decreasing by 20.53%. Short interest has increased by 6.2% since the company's last earnings release while the stock has drifted lower by 1.7% from its open following the earnings release to be 9.0% below its 200 day moving average of $32.97. Overall earnings estimates have been revised lower since the company's last earnings release. Option traders are pricing in a 18.4% move on earnings and the stock has averaged a 8.1% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=MEI&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# UniFirst Corporation $170.54 +> **UniFirst Corporation (UNF)** is confirmed to report earnings at approximately 8:00 AM ET on Wednesday, July 1, 2020. The consensus earnings estimate is $1.17 per share on revenue of $378.28 million and the Earnings Whisper ® number is $1.25 per share. Investor sentiment going into the company's earnings release has 44% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 52.44% with revenue decreasing by 16.63%. Short interest has decreased by 2.7% since the company's last earnings release while the stock has drifted higher by 14.1% from its open following the earnings release to be 8.4% below its 200 day moving average of $186.14. Overall earnings estimates have been revised lower since the company's last earnings release. The stock has averaged a 7.0% move on earnings in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=UNF&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# DISCUSS! + +What are you all watching for in this upcoming trading week? + +***** + +I hope you all have a wonderful weekend and a great trading week ahead r/StockMarket. +I am merely an amateur in economics, but it does interest me (no pun intended). + +I understand the concept of interest rates. The world economy was said to be fragile even before the pandemic, yet the pandemic has come and, potentially soon, gone. + +It caused apparent economic devastation, that would have destroyed the above fragile economy, except it didn’t? Yes, stocks have gone down and up again, some have lost billions and some have won billions. But in the grand scheme of things, life goes on more or less the same (I said grand scheme of things!) + +Yes, things are different, and this is uncharted territory (to an extent), but it’s no collapse. Any money problem is seemingly solved by borrowing, effectively ad infitum. + +And herein lies my lack of knowledge: if we have not collapsed after all of this, and the interest rates have not shot up, why would they ever? + +What is there to happen that can not be solved by borrowing/printing? What would warrant a rate increase? + +I understand (barely) that printing is not a cure, but rather a band aid. However, whenever this band aid is no longer sufficient, it just gets replaced by an even bigger band aid, with unlimited band aids (apparently) available. + +When, and how, does the band aid become the problem? + +I know it’s a messed up question, because I can’t really specify what I’m asking, due to not knowing a lot about economics, but the general, vague, direction of my query should be there. + +Thanks everyone! +$BBBY - 1000 $5Cs and 1000 $6Cs. Took the position about 2 1/2 weeks ago after I felt confident of a bottom in the $4.30 range. I YOLO’d $45k into 2,000 calls, and diamond handed them until 3 PM Eastern standard time Friday, August 6, 2022. + I pretty much timed to the bottom flawlessly. Ended up selling 1750 contracts and collected roughly $350,000 in premium. Exercised the remaining contracts (250 - 25k shares) and rolled another 125K into $GME shares as well as multiple strike calls - $40, $45 & $50 expiry 8/26. Kept roughly $100K for myself . Without a doubt, the best trade of my life. +I am having trouble distinguishing between legitimate/trustworthy information and illegitimate/untrustworthy information retaining to the stock and crypto market. I'm doing all kinds of research but unsure if I can trust the sources. it seems there are lot of promoters out there trying to manipulate the market it for a quick buck. Any help on websites, subscriptions and/or forums would be greatly appreciated. I am not so much into day trading but more in it to hold for the long run. + +Side note, has anybody had success with the paid service Motley Fool? + +Thanks in advance. +I'll make this as brief as I can, but young folks, don't be me. More than 10 years ago, I came into a large sum from my late grandpa. I was depressed, sad, and mourning. I also never had money of my own, so getting 140k over a 2 year span at 18 was slightly mindblowing. I was cheap, thought nothing of it, and kept driving a beater car. It started slowly. A cool pair of sneakers? Well I do have money now, why not? A brand new iMac? I've got it, why not. The car started to go through problems, and a couple costly repairs later, I started dreaming about nice, brand new, sporty cars. Well, as one would expect, being in college on my own, this was my chance to shine. Mom was the custodian so it was pretty easy to just bug her a little to get access. Boom, $17k spent on a new Civic. + +A year later, well, this car isn't very sporty. How about something that's actually sporty? Another large chunk gone after trading in the year old, nothing wrong with, reliable car. + +This snowballed. New clothes, new computers, new everything. A closet full of sneakers, expensive clothing, food at nice restaurants, gifts for girls, trips, not realizing the damage being done inch by inch. Dollar by dollar. + +Eventually I reached $20k in credit card debt. Had to sell all of that fancy stuff to pay off debt. Underwater on cars. No retirement savings, no more windfall, no more being on top of the mountain. With compounding and dividends, getting to a million would've been a fairly easy process. + +Today, I'm closing in on 30, less than $20k in retirement savings, and still owing $10k on a car. My brokerage account has less than $500 in it, my savings has a meager $500. Living at home, dreams crushed, and trying to get back to what once was. Young folks, heed this warning! It is so hard to get back to solid footing once you dig yourself deep into a ditch. Put your money away, don't touch it, don't try to impress your friends or strangers, think about the consequences. I wish teenage me were a sub to this thread 10 years ago. You have the power to make your life much easier in your 20's and 30's, even if you simply avoid card debt. + +Edit: Wow I didn't expect this post to blow up like this, but I'm glad it's reaching my target audience. It is not a good feeling to mess yourself up but it's a lesson learned and I am glad I have this sub now in my life. Thanks all. +Seeing a number of posts with brokers telling clients something to the effect of ‘If you have the correct number of shares in your account, that’s all that matters.’ + +No. The issue isn’t how many shares I/YOU/WE hold in our individual accounts. The issue is how many shares EXIST. They think we’re too dumb to look beyond the surface and when we do, they want us to feel dumb for trying. + +If this truly were a straightforward stock split, 4:1, then yes, it’s simple in theory. Whatever the float was, multiply it by four. Then take the price and divide it by four. However, that’s not what GameStop Corp filed for. + +If the split went down as GameStop intended, that means that GameStop created a pool of new shares to provide an additional three shares as a dividend for every one share in the current float. They allocated those shares to Computershare who then took from that new pot of shares to distribute three new shares for every one share currently held in Computershare. Once that distribution was made, the remaining shares should have then been allocated to the DTC to perform a similar distribution to brokers. If the DTC never distributed those shares (around 200mil?) to brokers and instead just instructed brokers to split shares, that means two things… + +1. The DTC did something with 200mil(?) shares that were entrusted to them. That’s about $8bil worth of stock at the current price. +2. The supply of $GME has again been significantly and artificially inflated beyond what any previous synthetics had already done. And that means that the true value of the shares in our accounts (wether the ‘correct number of shares’ or not) has been artificially decreased. + +If you have to explain the laws of supply and demand to a broker, there’s a 99.99% chance that you dialed a wrong number and are actually talking to your drunk uncle Billy who drinks Coors out of an old peanut butter jar. Again, if your broker is telling you not to worry and that you have the correct number of shares, they’re either complete morons or they think that we are morons and will give up if they dismiss the details. Ask yourself which is more likely…don’t stop pressing the issue. +I never thought it would happen, but my CapitalOne savings account APY increased on its own! When I saw the rates jump to .7% a few months ago I opened a new account and moved my existing CO savings (which was making just .3%) into it. I checked it a bit later and the APY rose to .8% and then 1% on its own. I was very surprised. In all my years, despite the fact that APYs are “variable”, I have never seen them give an APY increase to my existing savings account, but they sure did decrease it when the pandemic hit in 2020. Are you seeing APY increases with your savings? +It seems like the right thing to do.... But is it? + +-Married no kids and no plans for them...we are 40 +-Combined monthly take home $5800 +-We are both contributing max to our 401k... 19k a year each +-165k in savings +- 400k in retirement accounts +- home appraisal of 325k...98k owed...should be paid off in 5 years. + +The loan is 33k at five percent....$1600 of interest per year. + +I feel we are well positioned to pay off the loan. Money would come from savings. + + Thoughts? +I’m in my 20s and am currently making enough to make it by. I am curious as to any suggestion I could do to grow this money into more money with a low risk of losing it. Any advice on what I should do? +I turned 18 in August and started working for Target as my first job. I only applied because they start u off at 15 an hr. However I’m a college student and the way there scheduled is crazy. I’m scheduled for 4-11 but I usually stay til 2am because there understaffed and don’t want to hire more employees. I also never I mean never get weekends off. I had an interview for a fed ex position that pays 17 an hr and the hours are way better (5-9) Monday through Friday. I’m just afraid this will look bad on my resume in terms of building experience to a hiring manager that I quit after 6 months. +I spent thousands of dollars and came to the same conclusion many of you are coming to. + + +Robots dont work. + +&#x200B; + +If someone invented a robot that made tens of thousands of dollar per month while you sit on your ass, why the fuck would they sell that and saturate the market with thousands of people making the same trade and destroy the system????? + + +Use logic people. +OK, so here is my issue. I would like to know how people actually prep for their days trading. Eg, We all know that on any given day / time, the market will offer opportunities on pairs (and that is where we hopefully can make some good opportunistic trades) + +I (probably like many of you) work from my laptop, so it is visually impossible to have (say 28 pairs open)...so by the time I have found a pair/s, the time to trade may have gone by then. + +So, is there a quick way to scan, or website/s that would give me a quick overview of pairs that I should be looking at? + +Any links or ideas welcome guys....cheers +Regardless of your intent, soliciting users for any 3rd party chat or group (Discord, Telegram, Slack, Facebook, etc..) is strictly prohibited and considered promotional activity. + +\*\*Users caught doing so will be instantly and permanently banned.\*\* + +This previously fell under rules 2 and 3 on the sidebar but since it's not as clear we will update the rules to explicitly state our stance on 3rd party chats. + +These rules are to discourage marketers from using /r/forex as a source of users to gather and later pitch products / services. We've seen all kinds of actions taken to get users off-reddit (or official channels) and onto a platform they control so they can eventually pitch products and services where they won't be subject to the same posting rules they would be subject to here. + +&#x200B; + +We have an official Discord chat server, which you can find in the sidebar and top nav menu of the subreddit. Or with the following link: [https://discord.gg/kh3bVhq](https://discord.gg/kh3bVhq) + +We do our best to moderate the official discord chat with the same spirit as the rules you see here. Thus, it is easily one of the most clean (of spam and marketing) trading chat servers on the net. +Every single market participant takes into account supply and demand dynamics. + +Just how the hucksters and snake-oil gurus have corrupted the term “price action”, it seems that supply and demand has equally been hijacked. + +I’ve seen it enough times on this forum, and now I’m getting bombarded with these ridiculous YouTube / internet ads. Enough is enough. Every speculator is trying to figure out at what price there will be an abundance of supply, and where buyers might demand more of the commodity, stock, currency, used bathwater etc. + +It’s the same thing with “price action”. If you use technicals, you are a price action trader. Whether you use a million different indicators or not. + +These aren’t magic terms and words that are difficult to understand, the secrets of which are revealed to the brave few who go through waist-deep shit pools of YouTube material. + +If I’m interviewing a potential trader and when I ask them what their methodology or trading philosophy is, and they tell me they analyze supply and demand, that would be like interviewing for a sales job and telling your manager your plan to sell product is to... sell product. +Hey there r/forex. I'm a 22 year old dude trying to get into one of the longest standing markets in the world to see if I can make a second source of income to sustain myself. I'm very naive but I have the ability to learn and am hoping I can also just meet some new friends as I go through life's everyday motions too. +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. +**Intro** + +HFT uses custom-built machines to buy or sell the assets you want before you can - then sell you those same assets for a profit. They are the potentially unnecessary middle-man charging a hidden tax by beating humans to the market. + +**What's HFT?** + +HFT is a subset of algorithmic trading that specializes in scale and speed. HFT can potentially execute 1000s of trades in the time it takes a human trader to blink. The fastest firms can reach speeds of sub-16 microseconds (16 millionths of a second) per trade. + +**Speed (Latency) Advantage** + +HFT exists to be first. Mostly it takes advantage of arbitrage (buying on one exchange and selling to another at a higher price). It also detects orders placed by other traders taking a share of their profits by capitalizing on the market movement. + +**Pay for Speed** + +HFT firms spend millions to reduce latency, building infrastructures like cables and microwave towers. Spread famously built a secret underground cable from New York to Chicago for $300 mil just to cut transfer speed by 3 milliseconds + +**Data or Nothing** + +HFT's algorithms are fed by info either from exchange price data feeds or more obscure sources. Without data, the machines don't know what to buy or sell. Data is what makes HFT's speed valuable and HFT firms will do seemingly anything to get it. + +**Getting Data First** + +For HFT firms it's not enough to get the data, they need to get it and act on it before anyone else. + +[Reuters](https://www.cnbc.com/id/100809395) famously got caught selling access to the consumer confidence number to HFT firms minutes before public release. + +**Dark Pools** + +Dark Pools, exchanges owned by banks and hidden from the public, exist in theory to limit the impact of big orders on the market. Some HFT firms get special access to data on trades happening inside, which they use to anticipate price movements on other exchanges. + +**Rebates** + +Rebates are incentives typically paid to a seller by an exchange to encourage liquidity. HFT firms convinced some exchanges to pay buyers instead. This encourages traders to use these exchanges first giving HFT firms the tip of which assets to buy on other markets. + +**Regulation** + +In the US, brokers are required to buy stocks at the lowest market price - this is supposed to make markets fairer. It also means HFT firms know where to look when another trader is looking to buy and they can use that information to beat them to the next market. + +**Pinging** + +If you want to know if people want to buy or sell you may need to do a little trading yourself. HFT firms send small orders to exchanges. If they're filled instantly they infer bigger orders are coming & use their speed to get to the other markets first. + +**Quantity** + +Over Quality HFT impact seems insignificant taking as little as 0.0005USD per-share profit. But multiplied by the millions of trades HFT can execute in a day the impact can be huge In 2008, HFT made an estimated 8-20 billion USD net profit! + +**Hidden Tax or Necessary Evil?** + +Some argue HFT is essential to healthy liquidity in the market. Others claim HFT skims money from transactions that likely would have happened anyway. As with most things, the answer is probably somewhere in the middle. + +**Harmony** + +HFT machines will always have a speed advantage over their human counterparts. But man and machine can co-exist. As long as we can find system solutions that remove informational advantages for HFT firms to skim the profits of regular traders. + +[SOURCE](https://twitter.com/CardanoMaladex/status/1532085408510509057) +Hello guys. I plan to start investing for retirement. General idea is to pick one ETF and invest 5000€ first (splitted on three deposits at the end of january, feb, and march) and then to invest 100€ every month. I am 34 yo and I plan to retire when I am 65. + +What I am considering right now is: + +A, which ETF to pick. I am considering these: +A1: [SXR8.DE](https://SXR8.DE) \- iShares Core S&P 500 UCITS ETF +A2: [EUNL.DE](https://EUNL.DE) \- iShares Core MSCI World UCITS ETF +A3: [SUSW.UK](https://SUSW.UK) \- iShares MSCI World SRI UCITS ETF + +What I want to decide is whether to pick S&P500 or broader MSCI World ETF. I understand, that US companies have been stable and better performing than the rest of the world for more than past 100 years, but few more Trumps leading the way with more political turmoil and that may change. I am aware that 65% of MSCI World are currently US companies, but maybe I would sleep better knowing that my basket is broader. +When I was looking for MSCI World ETFs I have found also iShares SRI version, which is much reduced with just 376 holdings, but I am interested in the idea of Social responsibility, which corresponds with my core values. I am aware of recent hype about SRI / ESG and controversies. But that [SUSW.UK](https://SUSW.UK) has some nice performance in the past three years, pretty close to [SXR8.DE](https://SXR8.DE) with broader geographical diversification. With less holdings ofc. IDK maybe I am speculating too much with this. I want to keep it simple. + + +Also what makes me lean towards MSCI World are current prices for 1 unit. I would like to invest that 100€ monthly and with current price of [SXR8.DE](https://SXR8.DE) being cca. 417€ per unit (which will rise higher and higher in time, hopefully) lower unit prices of [EUNL.DE](https://EUNL.DE) (77€) and [SUSW.UK](https://SUSW.UK) (9,67€) are more suitable for my planned monthly volume. Yes, I can save for one [SXR8.DE](https://SXR8.DE) unit every 4-5 months, but that will be out of DCA strategy that I want to follow. + +B, which broker to pick +B1: XTB. I have opened demo account there and I like the platform and their current fees. +Con is, that I can't buy Vanguard ETFs. + +B2: Interactive Brokers. I've tried to open demo account as well, but it doesn't let me to paper trade / log me with market data permissions. Also AFAIK, their fees are higher compared to XTB. Probably there won't be a problem with opening real account, but their platform is bit more complicated compared to XTB. Pro is I can buy Vanguard ETFs. + +Currently I am leaning mostly towards opening XTB account and buying [EUNL.DE](https://EUNL.DE). What do you think? + +Sorry for long post. I will be grateful for any of your opinion or advice. +I’m a 2001 Spanish national which is about o complete his Bachelors degree (this summer), and start a Masters+PhD in October (all my studies are in the U.K.). So **I don’t know much about taxes, international salaries, etc.** + +I have been working for this Spanish company for the last 4 years. My job consists of designing communication systems (microwave systems) and electric systems, hence, it is usually online, and at times I need to travel to assist in the hardware installations. This job is related to my field of study, Electrical and Electronic Engineer. I’ve got a good salary, and my bosses are quite happy with me (I started with 650€ monthly and right now they pay me 1600€). + +The thing is that I got contacted through LinkedIn by this recruiter from this Belgian military tech company. They interviewed me and asked me to carry out certain tasks (testing me), which I completed before the deadline, and they where quite happy with it. They have offered 4200€ (mind blowing), and told me I would continue working online as I am doing right now. **Question is: in this new job offer all 3 interviewers told me that they can transfer my salary to a bank in Andorra, or preferably Tangier Frank Zone.** + +**I asked a couple of “gestores” (sort of legal chartered accountants in Spain) and they all told me to ask them to make an ordinary transfer to my Spanish account. But the company insists on either Andorra or Tangier Frank Zone.** The accountants in Spain told me to leave the offer, but I obviously can’t easily reject the offer. + +The company is legit, and well known within the military tech market. It’s not fake, and I’ve been invited to sign the contract and meet the facilities in Brussels. + +Has anyone got any experience or advice regarding getting salaries paid in these sort of places? +Hi all, + +I'm currently working in Poland for a couple of years now and what I'm seeing has all the trademarks of a failed economy. In a very short TLDR (I won't link any articles because most of them are in polish): + +- The current govt is handing money left and right to win elections. (They move money from public 401k to finance their social program) +- According to official (govt.) sources, inflation is at 2.2% in April, according to unofficial sources it's 4.6% and growing. +- The national debt is (according to govt.) getting smaller from 50.5% in 2018 to 48.9% in 2019. Many news outlets are reporting that the national debt in underreported and should be bigger by a couple % points. +- Growing real estate bubble. The prices for a square meter are growing 8-10% a year. A lot of new buildings are empty - no lights in the evening. The flats are bought just as an investment to be sold in a couple of years. +- The official unemployed index is at 5.9% and falling, the not-disclosed, not official, is at 16% and growing + +And there's also a lot to be said on the aging population, on the foreign investments made in Poland and the life standards satisfaction. + +The govt. is lying about the economy to win the elections. + +How can I short the WSE? I was unable to find any inverted ETFs. And what about the PLN to EUR? I only invest in stock and ETF and never in forex or options so I do not know how to do it. I would like to bank on the prediction of a financial crash next year. +Hi all, + +I'm currently working in Poland for a couple of years now and what I'm seeing has all the trademarks of a failed economy. In a very short TLDR (I won't link any articles because most of them are in polish): + +- The current govt is handing money left and right to win elections. (They move money from public 401k to finance their social program) +- According to official (govt.) sources, inflation is at 2.2% in April, according to unofficial sources it's 4.6% and growing. +- The national debt is (according to govt.) getting smaller from 50.5% in 2018 to 48.9% in 2019. Many news outlets are reporting that the national debt in underreported and should be bigger by a couple % points. +- Growing real estate bubble. The prices for a square meter are growing 8-10% a year. A lot of new buildings are empty - no lights in the evening. The flats are bought just as an investment to be sold in a couple of years. +- The official unemployed index is at 5.9% and falling, the not-disclosed, not official, is at 16% and growing + +And there's also a lot to be said on the aging population, on the foreign investments made in Poland and the life standards satisfaction. + +The govt. is lying about the economy to win the elections. + +How can I short the WSE? I was unable to find any inverted ETFs. And what about the PLN to EUR? I only invest in stock and ETF and never in forex or options so I do not know how to do it. I would like to bank on the prediction of a financial crash next year. +Just found out that there is at last a way for us europeans to get exposure to some of ARK Innovation's ETFs. Currently there are 3 trackers ("ETPs") available, for ARKW, ARKG and ARKK. They basically replicate the performance of the original ETFs. The cost is 0.35% per year on top of ARK's regular fee. +Until ARK produces KIDs for the european market, this is as close to the real thing as we can get. +The company that offers these also offer 3x leverage options, but in a very volatile environment that seems very risky to me. I'll personally stick with 1x. +Anyway, just posting this here because I know many people just like me were eagerly waiting for something like this. And entry seems to be as low as it's likely going to get, at the moment. +Btw I found two of the ETNs on Degiro. I think they're also on Lynx/Interactive Brokers. +I had started saving more money than I have before and managed to put away over £1,500 in the last six months. + +Income £1,400 every four weeks + +£447.5 on rent a month +£145 on bills all in +£150 on food +Help to Buy Isa I put £150 into each month + +I put £200 a month into a savers account (Interest 1.5% ), but I don't think I'm utilising this as well as I could be. + +my disposable income of what I'm left with is £400 (travelling and entertainment are usually what this is spent on). + +I'm keen to know peoples thoughts. + +Thanks +https://www.cnbc.com/2020/08/31/zoom-zm-earnings-q2-2021.html + +* Earnings: 92 cents per share, adjusted, vs. 45 cents per share as expected by analysts, according to Refinitiv. +* Revenue: $663.5 million, vs. $500.5 million as expected by analysts, according to Refinitiv. + +Google Finance reports a PE of 1797 prior to this earnings report so if you like high PE this is the one for you +So a little restaurant opened up a 30 second walk from my condo, and I applied to work there. I got the job and helped them open the store. They serve very good (but slightly expensive) healthy food and I enjoy eating there every day. I get a 50% staff discount which makes it a very good deal for my HCOL area. + +&#x200B; + +Here's the thing. I work a very 9-5 day job with no overtime. I make between 80-100K/year depending on bonuses. This second job is not impacting my performance (if anything it's making me appreciate my day job more). I feel like I'm getting a lot of judgement from people on both sides, a couple of people I work with at my day job know, and everyone at my second job knows I have a very good day job. I enjoy working in the restaurant because it's the complete opposite of my day job, very physical, I get to interact with people (customers), and I get to create things that make people happy but the days are long. + +&#x200B; + +I am mostly doing it so I've got some extra stuff to do in the evenings. I tend to get lazy and spend more money than I should if I have too much free time. Plus the staff discount is saving me between $50-100/week in food and helping me with my weight loss goals. I am hoping to save up at least 2-3K for tax time and then reconsider if I want to keep the part time job. All in including tips and the savings from the discount I calculate the earnings around $19/Hour ($14 minimum wage in my home city). + +&#x200B; + +What do you guys think, is this too aggressive of a move as I'm reaching for FIRE sooner, or am I wasting my time giving up 15-20 hours/week for a minimum wage job? + +&#x200B; + +Edit: My goal is to FI within the next 10 years. Probably with more of a medium/fatfire lifestyle. I own two condos (one pre construction) and intend to rent them out, and perhaps move to a LCOL area in the future. Currently my goal is to save about 50K before the condo finishes in the next 3 years. This part time job (if I kept it for all 3 years ) would account for 15-20K of that very easily. + +&#x200B; + +Edit 2: #1 on /r/financialindependence! I am reading each and every comment thank you all for such lively discussion. I appreciate both the pro and con opinions equally as this is a whole new approach to work in my life. Please keep them coming and I'm happy to answer more questions you have or discuss further. Please do not downvote naysayers with valid points! It's important to hear everyone in this kind of discussion and I think a lot of us are taking a lot away from this post. +I've met a lot of people that own anywhere from 4-12 properties and all of them say just loan money and invest... yes but how do you do that ?. The bank won't give you 10 loans and considering the current prices in EE 10 properties in big cities worth anywhere from 80,000-120,000euro each. Lets say he got 800,000-1,000,000euro in portfolio since EE is quite poor for USA or other rich European countries. + +My question is if there are people that do that what is the trick... I doubt its from 0 to something. + +Many people in EE say these people that own multiple properties are scammers or politicians since our salaries can't match up with even getting a mortgage. +There are two major RE investing organizations in China, known as "Room to share" and "Reservoir". + +"Room to share" focus more on rent and decoration, they promote conservative investing style and low P/R ratio. For example, they love to divide a 2000sqft apartment to 12 rooms and rent them to 20 people(Illegal but usually not punished). As you could imagine, most members of "Room to share" are quite rich already, like gold collar and former business owners. + +"Reservoir" focus more on inflation and leverage("water" in Chinese could refer to newly printed money from central bank, and "reservoir" here means RE store "water"), they promote aggressive investing style and high leverage. If you could keep borrow with interest lower than inflation, the value of RE would outgrow debt and interest. Their leader is quite famous for his 200 credit cards, most are borrowed from his family members and friends. He use credit cards to get down payment with 4.8% interest rate. The other popular method is "high evaluation high loan", means you buy a weird property like 600sqft apartment+ 2400sqft basement worth about 1100 sqft and told bank that the property worth 3000sqft to get extra loans. + +Remember the real estate market in China is highly regulated, for example each family only could buy 1-2 RE in large city and the down payment of second RE could be up to 70%. A large part of their theory is to avoid all these stupid regulations, like divorce with your partner and marry with father/mother-in-law. Ironically, RE investors in China need same sex marriage more than homosexuals. + +The two organizations despise each other, but they have a lot of basic critiques in common: + +1) If you are new to RE, claim you want to buy and visit 50-200 of them in your area. Understand the price before you actually buy one. + +2) Never buy new RE, only second-handed. After you buy a new RE, it would become second-handed and price declined. ("Virgin house cancer" is quite common in China, that is, some people only want to buy new RE, even with +100% price) + +3) Don't buy "CEO RE" with property similar to luxury items. Tomson Riviera, the most expensive condo in China, is one of the worst RE investment in Shanghai. + +About School district: RE in good school district means RE+ school privilege, school privilege have high div yield but also have high risk/lower rent, which is a extremely bad choice for investors because investors can't get dividend. Ideally, you should sell RE with school privilege after your children take the dividend. +Location: NYC +Business: Chain Fast Food Restaurant + +Back in April we received a letter from our tenant simply explaining they will stop making payments as of April. In our contract it specifies that there is no exception that will be made for them not being able to pay rent. On top of that, there is no sign that they’ll pay back the $$ from this. We have no idea if the store is even open (it’s in one of the hardest hit regions of NYC and their phone doesn’t work. corporate isn’t very helpful either). Our attorney sent out a letter to them and they’re practically ignoring us. We understand this is a difficult time, but if the business is open and our tenant is a multimillionaire with a huge network of stores I can’t see how he can’t pay the rent. This is a concern for our family as it’s our own source of income. Am I really up the creek without a paddle on this one? + +EDIT: Wow didn’t expect to get this many responses thank you for your advice guys. Had a new lawyer draft up a letter for us. I have more relief having heard from all of your replies. At this point we’re just worried about when we’ll see our next payment, but I am now confident we will see that money again, and if the tenants drop out we can always find a new one since it’s in a pretty good location. Thanks again! +hey guys, + +so, i've tried making this post several times (pre-Satori) and each and every time it was downvoted and buried by shills before it could gain any traction. but what i'm about to say is vital for all apes to understand as we approach the MOASS. + +- **TA;DR - [this is how propaganda works.](https://media1.tenor.com/images/a59c421ea02cbea912772216eb1f1dab/tenor.gif?itemid=10520286)** + +before i begin, i would like all apes to refer to Rule #3 of this subreddit, which states: + + +> **3. No FUD, Shills, Bots, Lies, Spam, Phishing** +> +> **We have a zero tolerance policy with shills, bots, false content, FUD (Fear, Uncertainty, Doubt), Spam, and Phishing, and anything else that would undermine the integrity of this sub.** + +i think we can all agree based on our time here over the last few months that FUD and shill behavior can exist in **many different forms**. (forum sliding, topic dilution, brigading, etc.) sometimes shills and bots will downvote valuable DD, sometimes they will flood the sub with photos of their votes/the ticker/low-quality memes, etc. + +but one of the **major glaring blind-spots** that i have noticed since the sub's creation is the near-constant posting (and reposting) of inaccurate FUD news stories from sources such as M-rketWatch/B-nzinga/M-tleyF-ol/J-m Cr-mer's tweets, etc. + +as someone with a degree in media theory (i have studied the concepts of propaganda and [**political mythology**](https://www.tandfonline.com/doi/abs/10.1300/J199v03n03_05?journalCode=wplm20) in intricate detail), i feel it is absolutely necessary to point a few things out with respect to how we, as a community, engage with corporate media sources: + +- **the mainstream media is NOT on our side.** + +the publications i've listed above are simply the most egregious offenders, as they have all been revealed to be owned, funded, influenced, and/or linked to the interests of the hedge funds on the short end of the MOASS; but this principle applies to virtually all mainstream media articles being written and disseminated about the squeeze right now. corporate media has an agenda and it's *not* to tell the truth about what's happening here. their sole function is to help shape a narrative that benefits their monetary interests. **they are under absolutely no obligation to report "the truth" as apes see it.** they did not tell the truth about the real origins of the 2008 crash and it is naive at best (and dangerous at worst) to assume they will ever tell the truth about the impending MOASS. it isn't because they're "stupid" or "uninformed" or "out of touch" -- this line of thinking assumes incompetence when we should actually be interpreting it as an act of calculated aggression. + +- **posting links to MSM news articles that contain misinformation within this subreddit is FUD.** + +let me repeat that: **posting. links. to. news. articles. that. contain. misinformation. is. FUD.** + +that means yes, even if the point of your post is to dunk on how the media is "getting it wrong," the larger, overarching point is that by doing this *you are still helping to spread their misinformation.* + +> [**propaganda is biased or misleading information circulated through some form of mass media with the intent of promoting a political agenda or viewpoint. propaganda is deliberately not objective and is usually part of a larger psychological campaign to influence people toward a specific opinion. it may include outright lies or more subtle misinformation and censorship.**](https://www.thebalancesmb.com/what-is-propaganda-and-how-does-it-work-2295248) + +> +> *propaganda has taken on a whole new twist with the rise of so-called fake news sites. publishers seeking advertising revenue through page views will create misleading or flat-out incorrect "news" articles with sensational or controversial headlines. once these articles begin circulating on social media platforms, it can be very difficult to verify or disprove them.* + +> +> *hearing a rumor not only [**has the power to make you think it might be true**](https://www.thebalancesmb.com/defending-against-rumors-lies-and-propaganda-2295244); particularly in [**children hearing a rumor can actually implant false memories**.](https://www.researchgate.net/publication/7270828_Believing_Is_Seeing_How_Rumors_Can_Engender_False_Memories_in_Preschoolers) perception is a reality—not merely a product of political cynicism, real science exists proving it.* + +> +> *many big corporations and public figures have a policy of [**never commenting on rumors.**](https://www.thebalancesmb.com/examples-of-rumors-and-public-relations-2295238) it is typically smart because rumors can get stronger when you feed them with attention.* + + +thus, even if you do not believe you are doing any real harm (or "helpfully spreading awareness of their tactics") **by pointing out the media's inaccuracies you are merely sending traffic to the site in question, ultimately increasing their click-thru rate and putting money directly into their pockets**. (when calculating ad metrics and pageviews, these sites **do not care** if you're only visiting the site to laugh at it/call it out. a click is still a click and a share is still a share, so every single time you click that copy-link button to share the story in another venue, *you are literally doing their dirty work for them.*) + +- **YES, this applies to screencaps too**. + +*"but i'm not posting direct links to FUD, so calm down, it's fine!"* + +incorrect. consider, what did you have to do in order to get that screencap? that's right, you had to **read the source yourself**, meaning you are probably vigilantly monitoring the site in hopes of scoring a "gotcha!" moment for karma. + +i would very much love for apes to start thinking about combating FUD and propaganda in the same way one would attempt to put out a fire: if something is burning and destroying your house, the way to stop it is to SMOTHER IT, aka: **cut off its oxygen**. do **not** blow on it, do **not** point at it and say, "stop! you're ruining my kitchen!" - **SMOTHER THAT FUCKER AND DESTROY IT AT THE SOURCE!** + +i believe Rule #3 exists in this subreddit for an excellent reason. mods have a keen awareness of the epic levels of fuckery at play here, and i commend them for that. my argument here is based upon the idea that there a subtle, much more insidious FUD campaign at play here, one that apes may be unwittingly engaging in without their knowledge. + +* as a personal example, a friend of mine recently became an ape in mid-April. she is a very intelligent person (with a computer science degree and an accounting background) and has been diligently following the sub for the last 6-7 weeks or so. every single day this week she has sent me a screencap or a link to a FUD article with one of two types of comments: either (a) she asks if any of the stuff in the article is true (it never is) or (b) she's attempting to dunk on a misleading story and sharing the link for my approval/commiseration. + +* in the case of the former, she saw somebody link to an article discussing B-yond Meat and wanted to verify that, "*uh, this... isn't a thing, right?*" (nope, never was. 100% FUD.) in the second case, she sent a link to another explicitly misleading article discussing how "*DFV's tweets were the cause of the spike yesterday. ha ha, so funny and wrong, right?*" in both cases, the FUD was planted right here in the sub, whereupon she took the bait and proceeded to spread it to me. i believe this is what many apes are doing right now, on a grand scale. **the end result is that apes spend a majority of their time dissecting/disproving/dunking on FUD from compromised MSM sources, rather than continuing to research and discuss empirical facts about GME, the SEC, etc.** + +please humor me for a moment while i share some key excerpts from, [**"The Effects of Participatory Propaganda: From Socialization to the Internalization of Conflicts"**](https://jods.mitpress.mit.edu/pub/jyzg7j6x/release/2) (by Gregory Asmolov) this is an excellent piece that thoroughly describes the concept i am trying to explain: + +> participatory propaganda helps to socialize conflicts and make them part of everyday life. this increasing scope of engagement can also lead to an **internalization of conflict**, which means that instead of encouraging you to filter alternative sources of information, **participatory propaganda aims to reshape your cognitive filters as well as the relationship between you and your environment.** + +> +> in online environments, the consumption of propaganda is deeply embedded in the structure of social relations, **which allows the propaganda to further infiltrate our everyday lives**. more important are the ways social media and **the spread of online content create opportunities for immediate action: spreading propaganda further**, or taking other actions directly suggested by the propaganda. + +> +> due to the participatory nature of digital technologies, propaganda distribution, consumption, and participation often share the same platform and are mediated by the same digital devices (such as mobile phones or laptops). the person exposed to propaganda is also offered **a selection of actions to carry out** (often instantly) in the same virtual environment. + +> +> the consequences of these new participatory affordances are particularly visible in the context of conflicts. in his book iSpy: Surveillance and Power in the Interactive Era, Mark Andrejevic points out that **"in a disturbing twist to the interactive promise of the Internet, once-passive spectators are urged to become active participants."** + +> +> today the digital public sphere offers a new set of tools for the manipulation and control of citizen engagement in conflicts. **the socialization of conflict is now driven by the content proliferated through social networks, as well as through the digital affordances of online platforms that offer a range of responses to conflict**. the role of content in the socialization of conflicts relies on the distinctive nature of social networking platforms **that combine the consumption of news with social interaction**, and makes **social interaction a mechanism of content proliferation**. + +> +> as a result, one may argue that **propaganda has become less interested in changing people’s opinion about a specific object or in convincing people that it is either truth or fiction**. The main purpose of 21st century propaganda is to **increase the scope of participation** in relation to the object of propaganda. + +> +> participatory propaganda **restores state sovereignty from within**. It aims to build walls in the inner spaces of the subject by **shaping categories of perception of the environment.** + +> +> what does this sort of propaganda do to us as a society? It is designed to implement new forms of sovereignty. **It is designed to replace networked structures of society with fragmentation and polarization**. It helps to **pull people apart by forcing them into the role of combatants rather than citizens**. It is designed to **destroy horizontal relationships that offer alternative sources of information and that can potentially be transformed into independent collective action and a broad opposition to institutional actors**. It is designed to **divide and rule**. It produces a reality with new walls and borders that can sever personal relationships and **weaken critical thinking capabilities**. Participatory digital propaganda **enables the private, everyday identity of users to be occupied and taken over by the institutional actors that propagate it**. + +> +> the **protection of identity** in a conflict-prone digital environment may rely on the user’s capacity to **control the scale of their engagement in the conflict.** + + + +anyway, um, thank you for coming to my TEDTalk. i hope that going forward all apes (and hopefully the mods) will consider the argument i have presented here and come to a similar conclusion, which is that **posting links or screencaps to FUD (even if your goal is to complain about it) is just as dangerous as spreading it without context, and should absolutely be considered a violation of /r/Superstonk Rule #3.** + +* **PS:** if you do not agree with my assessment, **that is absolutely fine**, it's a free country, i suppose. but **i, personally, will be muting and/or blocking any users who continue to post FUD, regardless of the context in which it is being shared.** if you are a similarly frustrated ape and wish to try and put a stop to the daily barrage of FUD, i would suggest the (absolutely incredible) [**Reddit Enhancement Suite**](https://redditenhancementsuite.com/), a Chrome extension that allows you to filter out links from specific domains, as well as by keyword, flair, or username. it has dramatically reduced the amount of noise in my feed, and i feel this will be an invaluable tool once things *really* start to kick off around here. (note: RES only works on the classic version of Reddit desktop, your filters won't carry over to mobile.) + +godspeed, and i'll see you monkeys on the moon. 🦍🍌🚀 +This has been a long ordeal. + +My ex-wife and I had (I suppose technically still have) a joint account for bills. + +I’ve no way of contacting her, and the account is sitting dormant with £15 in it and has had zero activity since April 2016. + +When I first contacted the bank (Halifax) they recommended I put a freeze on. So I did. Since then, they’ve said they can’t close it down without both parties agreeing, but if I hadn’t put a freeze on I would have been able to. + +I’ve contacted Halifax multiple times, the financial ombudsman several times but it seems there’s nothing else I can do. I’ve had them send out multiple letters to whatever address they think she has; I’ve no idea if she lives there, no idea if she’s even alive at this point and have no way of finding out. + +This has been going on since 2016 and, six years later, I still don’t want my name attached to hers in any way. + +So, I’m turning to this community, is there anything I can do apart from have them keep sending letters which seemingly keep being ignored? + +Or am I destined to always have this account? + +Edit: Just called them and they said they can’t take my name off either, as even that needs both parties to agree. +I’ve seen so many different Twitter posts that have nothing to do with GME popping up in this sub. It’s cringey screenshots from random Twitter accounts that nobody has ever heard of and nobody cares about. Like seriously, we all agree that we don’t like the billionaires who oppress those under them, you don’t need to continually post these random tweets that are just reiterating what we already know. Not to mention, simply saying “eat the rich” or whatever has nothing to do with GME. Essentially, if the content that is being posted here has NOTHING TO DO WITH GME, then it DOESN’T BELONG IN SUPERSTONK. I shouldn’t even have to say this because of how obvious it is, but the mods haven’t done anything about these posts yet and it’s pissing me off. I’ve seen like 5 or 10 different Twitter posts hit the front page of the subreddit and I’m still baffled as to who is upvoting this garbage. Is this Facebook? No. Is this a subreddit dedicated to GME and ONLY GME content? Yes. Please, stop. + +Edit: I really can’t believe I have to link this. Here is the sidebar of the sub that gives the description of what is to be discussed in this sub. If you link me to something else, idk bro, you’re just wrong! [SUPERSTONK SIDEBAR 9/1/21](https://share.icloud.com/photos/0ZLzkB92KhI5bSQtQyMtOlhvA) + +Edit: u/strafefire brought up something very interesting. The older sidebar for the sub as well as the WIKI don’t mention that this sub is GME only on older versions of Reddit. This needs to change to match the current sub description because I can definitely see how this could confuse many apes! +&#x200B; + +https://preview.redd.it/yxch6f0epfw91.png?width=2960&format=png&auto=webp&s=e5050f1832c708b2e64569f707889c1c60b6e54f + +**152M Short Interest** (from Ortex today) is **GREATER THAN** the number of shares Institutions, Mutual Funds, and ETFs hold -- by a wide margin of over 50M shares. Shorts are quite literally borrowing all but **11M** of the total available shares to borrow from Institutions, Mutual Funds, ETFs, and shares remaining for retail to DRS. + +**Shorts currently need to buy back almost every borrowable share held by someone else right now.** *Based only data we have access to* assuming insiders are not lending out their shares and DRS shares are locked. + +# BULLISH +I have most of my money running pretty safe pmcc's right now so I'm looking for a couple of other side plays like CPS's or IC's with my extra collateral. I've been looking at companies but the companies I'd feel safe running spreads on have too little volume to do so. What companies do you guys do your credit spreads on? +When using the 30-45 dte strategy and you make 50% within the first few days and close to make profit when do you usually open the new CC. Do you wait for a green day or volatility to go up? Do you just re-open right away and adjust your strike. I recognize that there isn’t a cookie cutter answer and you have to re-evaluate each trade, just curious what most people find works for them? +Hello everyone + +There was an article on news recently about a young man who made $110m but when I was reading comments ppl were saying he was already minted (millionaire) and got extra lucky so my question is the stock market the whole story to generate wealth or just an accelerator to an already existing one? +Every other post seems to be regarding people being able to either save 97% of their income and pay their mortgage, bills, and cars, or they are being offered £120k jobs and don’t know what to do with a £6k take home pay... + +By all means I’m all for people to ask questions, and congratulations to those who are in those positions - I hope to be one of them in the future. + +However the disparity of either people subscribed or posters, seem to be of the above statement. +Where are the “average” people earning above/below the “average” wage and what we can do to maximise when we can only save 10-30% for example? +How many of you here want to fire because you find it hard to work with people (colleagues, bosses, clients etc) + +For me this is a big reason for wanting to fire is my inability to work well with people. I am very comfortable in 1:1s but group situations, team lunches etc are pretty uncomfortable. I also don’t like the conflict situations at work with colleagues. + +I enjoyed my work at places where I can sit down and do my work (programming) without constant code reviews, meetings, disagreements etc. +I don't mean this to turn into an argument. And I understand that the lobbying financial industry has made things almost impossible for his administration, but has anything notable even been implemented or an effort put through to deregulate banks in regards to transactions involving things like debt and CDOs? + +Anyone could list 50 relevant but rather insignificant actions his administration pushed for, but I'm merely asking about big actions and plans (not just what came from his or his staff members' word). +I see that people are very upset that they did not manage to get into the BAT ICO. That is understandable - it is very irritating to believe in a project and spend a lot of time preparing, yet feel that you as the "little guy" simply cannot compete with the whales of the world. + +I also see how this has been damaging for the project. Whilst people should realise that the top two addresses are not ICO participants, but instead the dev pool and new user pool (i.e. free coins for new users), it is also true that the majority of BAT are highly concentrated in relatively few hands. The project would fair better with a healthy community of hodlers. + +However, I think people are now acting irrationally. There are allegations that the BAT team have behaved unethically or that they even somehow assisted the whales getting in early. This simply isn't true. They followed a model laid down by a number of ICOs before them that have so far been relatively unproblematic. There was no way the team could have known the speed at which the token would sell out. I don't think anyone could have predicted it would be over in 3 blocks. + +Moreover, the terms and conditions of the sale were very clearly laid out. People knew exactly what they were trying to buy and by participating in the ICO they consented to those terms. Those terms were exactly the same for everyone and BAT offered a level playing field as best they could. If you are now angry about the terms, you should not have participated. + +Finally, if you previously believed in the project and were willing to invest, then there is no reason to now believe that the project is going to be a failure. Honestly, when I see people say this, it seems to me that they are just sour that they didn't get in. Again, I get why that is the case, but I don't think the ICO will ultimately determine the success of the project. + +In the future, my preference would be to KYC potential investors then put a cap on the amount that each individual can purchase. I don't really see another way to achieve a more even distribution. + +----------------------------- + +People are going to ask how I got in, so I will say it here. + +No, I am not a whale - I am not one of the top 100 BAT accounts. I also didn't spend exorbitant fees. I did two transactions from Parity - one from my own account and one on behalf of a friend - and both were successful. I paid around $0.60 in fees for each transaction. + +The trick is timing. You need to send the transaction two blocks early for it to be mined on the correct block. Any transaction sent on the Ethereum network will be mined in two blocks at the very earliest. I ran about 100 test transactions in the weeks leading up to the ICO, and didn't once observe a transaction being mined in the next block after it was sent, even when the network was under a very low burden. + +**Edit: Apparently a new Geth release means the n-2 method of getting into an ICO no longer works:** + +https://np.reddit.com/r/ethtrader/comments/6el9kt/my_perspective_of_the_bat_ico_and_aftermath_as/dibpp5b/ + +u/letsdoit2310 + +u/positive_eagle_ + +u/kingking933 + +u/flyingjat + +u/national_menu7082 + +u/kbot09 + +u/wise_emergency5898 + +u/fury_radar53 + + [u/fitbhai](https://www.reddit.com/u/fitbhai/) and u/karan51ngh interact with these accounts a lot as well + +are you wondering why some random posts with 80 upvotes have 250 comments? these people are spamming random comments and upvoting each other to farm donuts and defraud others out of their fair share . + +they are all from India as well (just check their profiles won't be hard to find evidence of this) + +3 more (unrelated to the ones mentioned above as far as I'm aware) + +[u/Turbo\_Fox\_Fucker](https://www.reddit.com/user/Turbo_Fox_Fucker) + +u/[NewMarionberry7703](https://www.reddit.com/user/NewMarionberry7703) + +[u/oro\_na\_bani\_stara12](https://www.reddit.com/user/oro_na_bani_stara12) + +added a few more, credit to u/ethovian08 + +https://reddit.com/link/p3sdij/video/g15hqzk6c6h71/player + +[this breaks rule 6 of ethtrader](https://preview.redd.it/1p1irxi5b6h71.jpg?width=473&format=pjpg&auto=webp&s=f9cedaa1893d09f095a40efec891b4098d0047a7) + +&#x200B; + +https://preview.redd.it/0enzf4r9b6h71.jpg?width=473&format=pjpg&auto=webp&s=d0cc6796a24af8fdd74babf543cc9f48d2ddca60 + +[as you can see it's always the same guys replying to each other ](https://preview.redd.it/utmex2idb6h71.jpg?width=473&format=pjpg&auto=webp&s=aa9f69963adb9c24542f235af92d84d3c975ccd6) + +https://preview.redd.it/dpe3q9ejb6h71.jpg?width=1000&format=pjpg&auto=webp&s=889b294892ad385d3485e4e26d39bc703007f672 + +&#x200B; + +https://preview.redd.it/wklgid1nb6h71.jpg?width=1003&format=pjpg&auto=webp&s=2c65995baf89f14d6a1e424bc86e7b5bd7545b75 +So... the short seller must be onto something afterall. That sector can make someone a multi-millionnaire within a year, so you have to expect some evilness at some of those companies. Add to this the fact that Canadian markets regulators are incapable, and you can be almost sure that a few of those companies commit fraud and get crushed. + + +[https://www.bloomberg.com/news/articles/2019-01-11/aphria-says-ceo-neufeld-co-founder-cacciavillani-to-step-down](https://www.bloomberg.com/news/articles/2019-01-11/aphria-says-ceo-neufeld-co-founder-cacciavillani-to-step-down) +Just a heads up for those looking for a high loan to value mortgage(above 85%), you’ve got until September 2nd to convert your hsbc DIP to a full application. The 90% market is very poor at present with only Leeds, Virgin, Platform and Bank of Ireland offering standard products. + +Nationwide are available if you are a first time buyer and are not relying on a full gifted deposit. + +There are a handful of local lenders also offering products with very specific criteria such as living in a certain postcode area, having charges on your parents homes/savings. + +Hsbc will still offer rates up to 80% through brokers and up to 85% with them directly. +I don't mean you are happy because you want to buy them at a cheap price. I mean you genuinely dislike the company and are happy to see them plummeting. + +For me, it's Peloton. They have polluted our airwaves for long enough. They are cult-ish. I'm a relatively well-off guy, but even I found the extreme wealth displayed in their ads off-putting and would never consider buying their product because of it. Their instructors yelling "Great job, Peloton!" rang about as personalized as "Hey Pandora listener!" And this isn't even getting into the absurdity of spending that much money on a bike that just sits in a room. I'm a cyclist, and the product itself is offensive to me. + + +When a company paints itself as better than you for long enough, it's hard to not cheer a little as it drowns. +&#x200B; + +## Background + +The price-to-earnings ratio is the most widely used multiple in the world. Pricing is much more common than valuing. In the DCF model you have to make assumptions about growth, cash flows and risk, in pricing it requires fewer assumptions and its the simplest form of this approach.  + +## Comparing PE ratios across industries + +The P/E Ratio is difficult to use when comparing companies across industries. This is because different industries are evolving and making money in different ways and can have different P/E ratios. + +If we compute the P/E ratio for 15 other companies and the P/E ratio of your company is 10 and the ratio for this sector is 15, we say that stock is cheaper. We are assuming that the other companies are fairly priced in the industry and because of that your company is underpriced. We assume that all firms within a sector have similar growth rates, cash flow and risk, a strategy of picking the lowest P/E ratio stock in each sector will yield undervalued stocks. Cheap stocks are often cheap for a reason. Therefore, we are making implicit assumptions about the companies. + +This is the most common approach of estimating the P/E ratio for a firm but there are problems with this approach. Firms in the same industry can have different risk, growth prospects and profit margins. So if the stock looks cheap, it deserves to be cheap. + +## Investment Strategies that compare PE to the expected growth rate + +Analysts sometimes compare PE ratios to the expected growth rate to identify: + +* Firms with **PE ratios less than their expected growth rate** are viewed as undervalued; +* Firms with **PE ratios more than their expected growth rate** are viewed as overvalued. + +Another note to take is that bullish analysts like to use **forward numbers (1)** because it makes the P/E ratio multiple look lower. Bearish analysts always like to use **trailing numbers (2)** because it makes their stocks overpriced. In its more general form, the P/E ratio to growth is used as a measure of [relative value](https://www.investopedia.com/terms/r/relative-value.asp). + +1. **Forward P/E** forecasts projected future earnings of a stock. +2. **Trailing P/E** measures the [earnings per share](https://www.investopedia.com/terms/e/eps.asp) of a stock for the previous 12 months. + +## Problems with comparing PE ratios to expected growth + +The biggest problem with the P/E ratio is that it doesn’t take growth into account but it is affected by the growth. So it doesn’t tell you much about the company’s ability to grow revenues and earnings in the future. + +There’s three variables that drives P/E ratio for a stable growth dividend paying company: + +* First, payout ratio the % of earnings pay out as dividends; +* Second, cost of equity reflective of the risk of the stock; +* Third, expected growth rate. + +You have to put in control for differences in growths and earnings, cost of equity and payout ratios.  + +>"In its simple form, there is **no basis** for believing that a firm is undervalued just because it has a PE ratio less than expected growth. This relationship may be consistent with a fairly valued or even an overvalued firm, if **interest rates are high**, or if a firm is high risk." + +Some of the best performing stocks have had very high P/E ratios, such as Google or Amazon. + +## Comparing PE ratios across Emerging Markets + +By looking at the diagram below, Russian stocks look incredibly cheap. What we are actually missing here is that we have to consider the different [ERPs](https://www.investopedia.com/terms/e/equityriskpremium.asp) between the countries and **different controlling risk factors**. Riskier countries will have low P/E ratios but we have to bring real difference variables such as country risk, growth (high growth economies should have higher P/E ratios) and interest rates (high interest rate, low P/E ratio). + + +**Images aren't allowed on this sub**. See here for the full image/article: [https://tracktak.com/blogs/pe-ratio](https://tracktak.com/blogs/pe-ratio) + +*Emerging Markets, March 2014 (pre-Ukraine)* + +*Source: Aswath Damodaran lectures & videos* + +&#x200B; + +## The Bottom Line + +P/E ratio should not be used to determine whether a stock is worth buying. However, there is no single metric that can predict whether a stock is a good or bad investment but relative valuation should be used in conjunction with other tools such as a [Discounted Cash Flow](https://tracktak.com/) which takes its key factors in terms of cash flows, growth and risk and research about the company’s financial statements to get a good picture of a company’s value and performance. + +If you are interested in reading more about P/E ratios, check out Aswath Damodaran's blog posts here:  + +[*Cash, Debt and PE Ratios: Cash is an upper and debt is a downer!*](http://aswathdamodaran.blogspot.com/2015/06/debt-cash-and-pe-why-cash-is-upper-and.html) + +[*The Value and Pricing of Cash: Why low interest rates & large cash balances skew PE ratios*](http://aswathdamodaran.blogspot.com/2015/05/valuing-pricing-cash.html) + +Thanks +With the recent announcement of the lockdown lifting plan and Card Factory getting an extension to its banking waivers. It is a good potential for a bounce back to it’s pretty Covid form? While the prices are still in the dip I’m wondering if it’s a sensible option. +Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else! + +This thread is also for asking questions about which is the best broker for you, which broker offers \[feature\] and other basic questions about platforms and their functionality. +^(Planned on waking up and studying...but nah gotta pause that shit to say something...) + +&#x200B; + +Woke up to ApeFest being shilled out like a mother effer. + +Seems like there are a lot of distractions these days, but I'm sure most of yall are smart enough to know that this is one. Right? Please tell me yall didn't throw money at this. + +&#x200B; + +We know Kenny and other dingus SHFs ^((I mean both "S" for shitty and short).) love a double entendre. Holy hell guys the MSM has been blasting people who are invested in GME as well as those on Reddit who are invested in GME as well as other stocks as treating the markets like a **casino.** + +&#x200B; + +&#x200B; + +[dumbshit](https://preview.redd.it/rp5rkcsdykb71.png?width=1873&format=png&auto=webp&s=d8550d8e72d9f4f44ef69c091626e33ab8a1d9a1) + +Don't you find it damn ironic that this is being held at......a casino? + +I personally would rather meet other shareholders at a shareholder meeting in the future as I'm sure other investors would. + +&#x200B; + +**From a behavior perspective** they are utilizing stimulus pairing. Basically they see Ape/Reddit/GME investor they see CASINO. Total spec here but: this is likely aimed toward psychologically creating a stimulus class in which people invested in GME are equated to those creating a casino out of the markets. Stimulus classes create the same effect on the environment. + +&#x200B; + +https://preview.redd.it/9900c2tkzkb71.png?width=565&format=png&auto=webp&s=06e374127b02ff7f2b65cee2cff55787cc4171d2 + +&#x200B; + +I'm sure you haven't signed up because you're a good boi and smarter than that, but shit just don't because it will add to anything they're trying to stir up...possibly from even a legal standpoint. Honestly there's not a better way to do that than to use concepts rooted in behaviorism to make certain stimulus pairings reinforcing to the public and themselves. +Hey I’m currently looking for a job I can do online at home. Unfortunately, I have problems walking without a walker and some speech problems, so any job that I can do at home online would be awesome! I am looking at starting a book keeping business but any ideas or suggestions would be great! Thank you very much for your time I greatly appreciate it! ❤️ + + +Sold a QQQ PUT a while back. It's now deep ITM and will expire today. I have a margin account with IBKR. Both my ExLiq and Buy Pwr are smaller than the amount I need to cover the assignment. + +My question... When I sold the PUT, did IBKR already take into account how much I would have to pay should I be assigned and therefore both the ExLiq and Buy Pwr reflect the amount AFTER assignment? If that's the case, I can just want assignment no problem. Or am I screwed and I'll get margin called tonight? + +Some help would be appreciated :/ +It's no secret that the number of retail investors has increased immensely since the start of Covid, when everyone wanted on the money printing train. The question now becomes, how will all of these investors (who have only ever been around during one of the greatest bull markets in history) react to the next major downturn? + +It could be tomorrow, it could be in 5 years, but I believe there's going to be substantially more panic than usual when it arrives. Could be an excellent opportunity for more seasoned, rational investors. +Lots of newbs entering this space at the moment. We were all newbs once. And whilst it is tempting to forget fledgling steps (and some luck) which have led to eventual successes, it is important to maintain integrity. + +It may just be me but noticing a lot of "it's just natural selection at work guys", "haha, served them right for being dumb" comments. Whilst I am not the comments police, a bit of empathy does good for the soul guys. Especially in what can be an at times stressful space. Peace. +The often so-called progressive forces from left-wing and green parties were the driving forces in sealing the fate of the DeFi sector and crypto in general in the EU. Yes, for the individual holder there will be solutions, but an industry has been massacred and the EU once more gave up the possibility to take a leading role in cutting edge technology in favour of massive over-regulation. + + +The interesting thing is also, as many people in other threats stated that the problem would be old bas\*\*s clinging to power or boomers not understanding crypto/blockchain. Fact is, leading politicians, in this case, were for example Paul Tang (ok he is 54), but also a renowned economist from Spain Ernest Urtasun (40) and even a POC Assita Kanko (42). The problem here are not old white males at least, the conservative PPE voted against all together but are socialists, social democrats, left-wing liberals and greens... a sad truth but a truth nonetheless + +Please see the table below for detailed results of the final vote for the shady compromise on the law that doomed the crypto industry in the EU: + +https://preview.redd.it/byvm7rbewvq81.png?width=439&format=png&auto=webp&s=0fa3249f0fcab37f941b07fd288adafcbf72e797 +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) +The levels below are based on my experience of 10+ years of trading. +What level are you? + +1. No knowledge of TA. High expectations. Any profits can be attributed to beginner's luck. + +2. Limited knowledge of TA. Trader may become elated at their new knowledge and the possibilities, but becomes fearful and upset when realizes he still can't turn a profit. + +3. Uses TA to pick his stocks, but his emotions get in the way of applying it correctly. They are stressed by mounting losses, but he may still be hopeful. + +4. Expert in TA but no risk management. Makes great paper profits but still no significant profits with real money. Has no rules, no plan, and no discipline. Most people quit at this point. + +5. The trader is humbled by the market. Understands the importance of rules. Develops a plan with risk management, targets, and strategy. Cycles of euphoria, disappointment, and fear affect his bottom line. On average he breaks even. + +6. Has found a profitable strategy but sometimes doesn't follow his rules. Gains are not consistent and leaves significant money on the table, but losses are minimal thanks to his risk management. He begins to work on his psychology. + +7. Profits begin to see consistency. His emotional management is at the forefront of his trading objectives. + +8. Trading strategy has been mastered and makes a good living out of trading. Euphoria and fear come up but he is able to control his emotions before they start to affect his bottom line. He is able to think in probabilities, accepts whatever the market wants to offer him without getting emotional. + +9. Has the instincts of a trader and can have winning streaks spanning for weeks. Makes more sophisticated trades. Looks for opportunities in other markets. + +10. Picks the most profitable stocks of the day for consistent periods, and buys / sells at the top/ bottom of the day. Being a 10 has an element of luck so it is temporary. +Apes, apes, apes, + +Are you seeing it? The new radical mentality that’s evolving around here. The kind and funny mentality is slowly being replaced by a new type of greedy complaining. + +“Price didn’t move enough for me, that’s it hedgies I’m raising my floor one million dollars!” + +“Let’s all switch brokers on the same day to mess with the system.” + +“I can’t wait for the market to crash.” Etc, etc. + +Those examples are pretty mild but it doesn’t take much looking to find proof that the atmosphere is changing. There are plenty of reasons why this may be. + +1. Shill tactics are becoming subtle. An effort to turn this into a movement instead of an investment seems like a new shill goal. If it is a shill tactic we should be weary that their million dollar lawyers have a plan. They may be losing the game but don’t for one second believe they won’t do anything they can to ruin this for us. + +It’s becoming clear that we have two goals around here and they make this sub complicated to balance. First we are investors in GME and we would like our investments to print. Second we want our markets to play by the rules, so we are becoming advocates for FREE and FAIR markets. We need to somehow deal with these two details in a way that does not jeopardize our sub. It is hard to do both in one place. + +2. As we grow we are picking up a lot of first time investors. It is amazing that younger and younger people are getting involved. Yet, as mentioned in a comment of mine, the youth has a tendency to fall into a tribal mentality. They are quick to call people “shills” when they read something that goes against their perception of the situation. I also believe these younger apes are our “missionaries.” They feel a part of something and want everyone to know what they know. + +To my younger brothers and sisters (likely brothers) remember when you speak in other subs you are representing us all, even if you don’t mean to. Us GME apes, and fair market patriots would fair better in the war if we remain kind, compassionate educators. The media loves to clip things out of context and trust me they are looking for ammo to paint us the fall guy. + +3. Our satire humor is dancing the line between funny and outright inappropriate. Memes about hoping the market crash and being upset that it doesn’t, commenting during an AMA that you hope our guest gets into a car accident, treating our investment as a hostage situation, and the like. Trust me when I say I love some satire or dark humor but, remember that we are being watched and whether we like it or not we are slowly becoming a group that could help end the dirty games that have been going on for nearly 100 years. + +“With great power comes great responsibility.” + +I fear the days of our youth are rapidly fading. Most of us grew up on wallstreetbets, we migrated twice and finally found a home, a name, and an education. The farther this fight goes the more it becomes clear that the warriors that came before us need our help if this is ever going to end. We don’t need to turn into tie wearing assholes, but we are being watched and some humility goes a long ways. + +———————————— + +In summary I believe we are evolving. What started as a money play has turned into something more. I personally am having trouble striking a balance between an investor and a patriot. What are apes now, are we GME supporters? Ape (all people equal) are we fair market advocates. Blurring these lines can be difficult to say the least. + + I challenge you to define what this sub is to you, and why are you are here. (No need to post, just give it a thought) + +It seems like we are being torn apart by those who purely want to see the investment be profitable and those that want to expose fraud in our markets. Personally I want both, but using GME as a tool instead of an investment could work against us if we are not careful. + +TLDR. Don’t be an asshole. Humility is always the play. Know the rules and fight fair. + +We had a good Monday. Keep your head up and don’t be discouraged if the battle draws on. Don’t forget that everyday is one day closer. I appreciate every single one of you and our time will come. BLASTOFF! + +EDIT: It was brought to my attention that my use of the words “mission statement.” is misleading, inappropriate, and not exactly how I intended it. Thank you u/THC-lab for pointing this out. To clarify I was hoping to get apes to think about what this sub is to help prevent disagreements or infighting. (Deleting) + +EDIT: It seems this was more controversial than I thought it would be. Some people do not share my opinions. I do believe if you check new postings, or get deep into comments, every word of it is true. Also, I am not calling for anything, only expressing some thoughts and trying to say something other than “the floor is 20 million.” In any case thank you all for reading and have a wonderful Tuesday. Looks good so far! +I own my 2010 Honda Fit outright, and I'm selling it. Since I don't think the buyer will, or should, show up with that much cash, what is a safe way to receive payment? + +Cheers! +~~Cardano is just a whitepaper (2017)~~ + +~~Cardano is vaporware (2017)~~ + +~~Cardano doesnt even have light wallets (2018)~~ + +~~Cardano is centralised ( July 29, 2020)~~ + +~~Cardano cannot support NFT (1 March 2021)~~ + +~~no one is developing on cardano, (March 2021 - plutus poineers)~~ + +~~What happened to their plan to sign contracts with governments? (May 2021 - etheopia)~~ + +~~Cardano has no smart contracts (13 september 2021)~~ + +~~Cardano can only do 1 swap per block (october 2021)~~ + +~~Cardano doesnt even have a Dex (December 2021)~~ + +~~No, I meant a proper dex, not muesliswap (jan 20 2022)~~ + + +Cardano cannot scale. <----you are here +Currently a dog coin is #4 in terms of volume, and has more volume than all except 2 "legit" coins in top 100. There is more capital trading and putting their money into this meme than there is in several other altcoins that have better technology, or innovation or actual adoption and use cases. + +Many prominent alts are quite low or crushed in terms of their crypto trading pair. Many Defi / dex coins are faring poorly, many are below their ATH. Obviously, a lot of interest and money has gone towards trading these dog coin scraps over other projects. As a result, alts havent really taken off. + +Last time a dog coin barged its way into the top 10, the entire market crashed 20-30% in a matter of days. The parallels are just too obvious with May. Back then, the entire market was lifted by a rising tide from December to Feb, but as soon as a dog coin entered top 10, things became frothy and sure enough, we saw -10%/-15% days and volatile corrections as many big whales started seeking the exit door. + + Of course, past is not indicative of future performance, but often rhymes. A shitcoin entering top 10 with massive volume can easily be seen by big money investors as a sign of a frothy and unhealthy market, and they may choose to play it safe by taking out their profits. +Am I being played somehow or is this what smart people do? Why not just use a credit card for everything and pay off the amount spent on the card each month? Are they just relying on people spending more than they have so they can make it back in the form of interest? + +What’s the smart way to use a credit card? +ICO Buyer Slack: https://join.slack.com/icobuyer/shared_invite/MjA5MTcxNTI2MDUxLTE0OTk0MTE4NTgtOGYxYmZiZGM4Ng + +[**Bug found in contract! Users should carefully consider the risks.**](https://np.reddit.com/r/ethtrader/comments/6iavc3/never_miss_an_ico_again_status/dj59wqy/) + +Looking forward to the Status ICO, but worried you'll oversleep or that your transaction will fail? Simply send ETH to [my smart contract](https://etherscan.io/address/0xcc89405e3cfd38412093840a3ac2f851dd395dfb#code) any time before the ICO and it will buy in for you! After the ICO and once the Status devs have enabled token transfers, you can withdraw at your leisure by sending 0 ETH to my contract. No fiddling about with "watching contracts" or any of that nonsense. + +You may remember [my contract's previous deployment for the Bancor ICO](https://np.reddit.com/r/ethereum/comments/6ghqp0/never_miss_an_ico_again/) where it successfully purchased a little over 425 ETH worth of BNT. (Although, note that users haven't yet withdrawn their tokens, as [the Bancor devs have pushed back unfreezing transfers.](https://blog.bancor.network/token-activation-update-285ba81995b1)) + +Some of you may have heard that the Status devs have placed a blanket ban on contract participation in their crowdsale. So how can my contract participate? The Status devs have been generous enough to specifically whitelist my contract, enabling it to purchase up to [500 ETH worth of tokens.](https://np.reddit.com/r/ethtrader/comments/6iavc3/never_miss_an_ico_again_status/dj52b5o/) Note that the Status devs may decide to increase my contract's allocation if it attracts a large number of non-whale participants, as their ICO is built around evenly distributing their token. Given the purchase limit, my contract will use the ["proportional refund" model](http://vitalik.ca/general/2017/06/09/sales.html) to make sure everyone can get a piece of the pie. With this model, every user gets a fraction of the purchased tokens proportional to the amount they contributed. + +Users who want to avoid the 1% fee on their purchased tokens can send 0 ETH to my contract during the ICO to simulate entering the ICO normally. There's no fee for the amount the user would have been able to purchase in the ICO without my contract's help. + +The contract works by placing a bounty on the execution of the "buy" function, which buys tokens during the ICO. Anyone can call the buy function once the ICO has started to claim the bounty, although they'll be competing with me to be first! As my contract has been whitelisted by the Status devs, it isn't restricted by the 50 GWei gas price limit, so the bounty is likely to be won on the first block of the ICO by the "buy" caller willing to pay the most in gas. + +I've had a [$2,000 bug bounty](https://np.reddit.com/r/ethdev/comments/6ht752/second_bug_bounty_for_status_ico_buyer_contract/) posted for two days now, but that doesn't mean you should just throw your ETH at my contract! Exercise caution and recognize that there's always risk to using smart contracts. + +Users attempting to contribute more than 30 ETH will have their transaction fail. This restriction is meant to limit whales from eating up all of the tokens and only leaving scraps for the normal users my contract is meant to empower. Additionally, users' "refunded" ETH can only be withdrawn along with their tokens, effectively locking contributed funds until the Status devs enable token transfers (1 week after the ICO). + +Users should only send ETH from an address that they own the private keys for. For example, MEW, Mist, and Parity are all fine, but you can't send from an exchange. To interact with my contract from an unsynced wallet, it's recommended to use at least 100,000 gas for each transaction. Users can withdraw their funds at any time before the ICO starts by sending [a 0 ETH transaction to my contract with '0x3ccfd60b' as the transaction data.](https://etherscan.io/tx/0xc094eb6dedda2fe15e5fa49f4c9a23c075f7e755e0448cc14432e2a2d1328e61) Once the ICO starts, users can call the "buy" function by [sending a 0 ETH transaction with '0xa6f2ae3a' as the transaction data.](https://etherscan.io/tx/0x08c206f3addd03aef6dd88c44af04324234c882335e17489a0da3ae91987670e) + +Contract Address: 0xcc89405e3cfd38412093840a3ac2f851dd395dfb + +Contract Code: https://etherscan.io/address/0xcc89405e3cfd38412093840a3ac2f851dd395dfb#code + +Edit: Uploaded my contract address, as [the Status devs have released their ICO address.](https://contribute.status.im/) Will update when they've finished an informal audit of my contract and confirmed my contract's initial SNT allocation. + +Edit2: [Status' Jarrad Hope has confirmed a 500 ETH allocation for my contract!](https://np.reddit.com/r/ethtrader/comments/6iavc3/never_miss_an_ico_again_status/dj52b5o/) + +Edit3: Thread's back up! I had accidentally triggered the auto-mod by linking to Jarrad's post without a non-participation tag! /u/_CapR_ set things straight, though, thanks mods! [The temporary thread I set up got a few comments.](https://np.reddit.com/r/ethtrader/comments/6ic3tn/never_miss_an_ico_again_status/) + +Edit4: Heading out now! Be sure to help each other out in the comments! + +Edit5: Just as I was leaving, [a small bug was found.](https://np.reddit.com/r/ethdev/comments/6ht752/second_bug_bounty_for_status_ico_buyer_contract/dj58a65/) Please do not add more ETH to the bounty. The bug will cause the last user to withdraw to not be able to withdraw their SNT/ETH. I've contributed to the contract myself and will not withdraw my funds, ensuring nobody else loses their funds to the bug. + +Edit6: I posted [details on the effects of the bug.](https://np.reddit.com/r/ethtrader/comments/6iavc3/never_miss_an_ico_again_status/dj5a501/) + +Edit7: Users should note that they can still withdraw before the ICO by sending a 0 ETH transaction to my contract with '0x3ccfd60b' as the transaction data. As a bug has been demonstrated in the contract, users should weigh the risks and carefully consider this option. + +Edit8: [It worked!](https://etherscan.io/tx/0xaf850c7b9f681e81e8f6b122658f1f42ee4bf428dad32d8c6b3b1e3aee7d18d0) And the bug shouldn't be a problem now. Don't forget to withdraw your ETH/SNT in one week! + +Edit9: /u/jvs_nz made [a great post going over how my contract works](https://np.reddit.com/r/ethtrader/comments/6iavc3/never_miss_an_ico_again_status/dj6hg5x/) and another one describing [what the bug was and how it's been resolved.](https://np.reddit.com/r/ethtrader/comments/6iavc3/never_miss_an_ico_again_status/dj6kbjp/) + +Edit10: I made another [cute contract that sells SNT before it becomes tradeable.](https://np.reddit.com/r/ethtrader/comments/6ip2vg/trustless_snt_selling_contract/) + +Edit11: SNT will become tradeable (and therefore withdrawable!) June 28th at 11:45:21 AM UTC. + +Edit12: If your wallet won't let you send a 0 ETH transaction, try adding '0x00' to the transaction data. + +Edit13: Withdrawals are live! I recommend using 200,000 gas! + +Edit14: /u/j1mmie posted a screenshot of his [successful withdrawal settings using MEW!](https://np.reddit.com/r/ethtrader/comments/6iavc3/never_miss_an_ico_again_status/djio2hh/) +vbuterin creates casper repository.... (post kept getting deleted when I linked to github) + +https://github.com/ethereum/casper + +Edit: Repo is no longer empty :P +No one knows anything. No one knows what’s going to happen next. Don’t come at me with long winded paragraphs about why people need to be educated on all these different stats and metrics that need to be calculated or whatever to determine what’s worth investing- if you knew how the market was going to perform tomorrow you’d be rich already. + +Investing in the stock market boils down to two things: + +1- you invest in an index fund because you are making the educated guess the world probably won’t end soon and probably will improve gradually over time + +Or + +2- you buy specific stocks/sectors/asset classes because you have an educated guess they will go up in value. + +That’s it. +During earnings season I have noticed that some of the 150 stocks I am following have had very large drops in the share price once earnings are announced that did not meet analysts' expectations. These are quality companies that have great products and a long history of making money. Though for one reason or another their earnings this quarter did not meet analyst's expectations. + +In my years of following the stock market, I find individual stocks and the entire market itself tend to overreact to both good and bad news. Once investors calm down and determine that the company that did not meet analysts' expectations is still making lots of money, has great products, and has a profitable future, the share price quickly recovers. + +Is there any statistical analysis about the probability of a stock recovery after a huge drop in share price after an earnings miss? +I'm planning to move to the Boston area in about a year and I would like to purchase a house when I get there. + +The job I have lined up, if the world doesn't crash and burn again, would pay about $55k. I have about $20k in saving and I suspect I could probably save another $10k by the time I leave. I do have school loans totaling about $70k and I have zero credit card or other type of debt. My credit score was around 720 last time I checked. + +From looking at current listing, the houses I prefer are around $500k and some have some special program I'm just learning about that allows only people that are in the medium income of the area to buy them. I know very little of this program though and don't know if it will affect me in anyway. My long term girlfriend will most likely be moving with me and she would be looking for a job but I'm not depending on that just in case. I'm open to renting rooms and I have friends in the area that would be interested if I go this route. + +Is this a realistic goal for me or should I re-adjust? Is there something I could be doing during this year I have left to make this easier? + +Any information would be appreciated. + +EDIT: thank you all for your response. I think I should offer more details for a better picture. + +I understand $55k is low but unfortunately that is the national standard for my position (NIH postdoctoral fellow). I'm definitely not moving for the pay but more for the opportunities that working in Boston will give me. I'm currently living in Texas and while $55k goes further here, it still not much. + +I was definitely thinking of renting rooms out to help with the monthly payments and expenses, but like many of you mentioned, the problem would be the bank not giving me the loan. + +I own two cars and would be ok selling them but that would probably get me about $15-18k as most. + +I would prefer to not use my savings to pay my school loans as I could work that off another way. + +I just started looking into this and that's why I'm so naive. I figured posting my best case scenario here and letting people take it apart would show me where the weakness are and work from there. +This is for the sake of knowledge. + +Should one buy property or buy Gold for long term horizon, say for 20 years. + +I know property gives you rental income and there is no such monthly payout from Gold? Am I right? + +But I believe buying and keeping/ maintaining property is not for everyone's taste, including me. + +Btw how easy is to sell Gold which one has stored for 15 years for the sake of value appreciation? Where should one sell it? + +Also where to buy just pure Gold? Not jewelery or anything fancy. Just Gold. + +Thanks. +Based on the email I received from UTI + +>After careful consideration it was decided at industry level through Association of Mutual Fund in India (AMFI), to value the ’75 % Locked-in Yes Bank Shares’ at zero as on March 16, 2020. Furthermore, any realization post the three-year lock-in period, would be distributed to existing investors as on lock-in date, in proportion of their unit holding.**Thus, to comply with the AMFI recommendation, on March 16, 2020 UTI Nifty Index Fund have valued the ‘75 % Locked-in Yes Bank Shares’ at zero.** +I line with earlier posts , here I am going to cover my own experiences . Not to be construed as advice . + +In line with what I learned in 2001 , came another pleasant surprise in 2005. I discovered the joys of Morgan Stanley Growth Fund + +For those who are new , MSGF was launched at the peak of the boom driven by Harshad Mehta , forms were sold for 30-100 rupees and got a huge subscription. It was a 15 year close ended fund . Here is a background story on that for those who came in late + +https://www.livemint.com/Companies/VH3ukPOCTWnyd10FafHsqK/HDFC-Asset-Management-acquires-Morgan-Stanley-Investments-M.html?facet=amp + +In 2005 , while trawling around the prices , I discovered it was listed and the units traded at a significant discount to NAV . The discounts ranged from 5-12 % . + +I simply bought them every month at average discount of 8-9 % to NAV + +The fun part was that I got rid of at the end of the 15 year period. + +Returns can accrue from the unlikeliest of circumstances . Close ended funds traded on the secondary market at discount to NaV proved to be a source of gains . + +I’m an ape. I opened a brokerage account in January for GME, because FOMO. Got in under 100, 60% out around 280, held through the bottom, phased the rest out from 150 back to 280 on the way back up. Shares only. + +Then I thought, first one was free, but I’m no idiot YOLOing long options, I’ll beat the market by selling options…on meme stocks. Did you know BB is a legit industry leader in cyber security? PLTR is worth $50 easy in a year or two, 32 is a steal! CRSR has breakout potential, it won’t dip near $40 again soon. The premium is so juicy, I can’t lose! I mean it’s not like I’m buying in at an ATH, what’s a falling knife? + +I manage to nearly tread water for a while with my realized gains from premium against my unrealized losses from shares, and all that juicy premium is just sitting in cash…I can try buying options too…so I turn $60 into $250, $100 into $200…this is easy! Now let’s turn $500 into $0! Five times in a row! Low-cap biotech? The pump hasn’t happened yet, right? I can time it, let’s buy in! + +Once my house money is gone, I come to my senses: stonks go up, they come down, but SPY, that only goes up. I’ll sell put credit spreads on SPY. In September. Goes ITM? Double down, roll it out, roll it wider. Fun fact, you can be assigned early on a sold put. I take max loss on a few 450/435p on early assignment. On fucking SPY. + +You know what, OK, learning experience, I’ll do futures instead, SPX. It goes in my favor this time, should I close early? Sell a higher strike? Nah, I’ve seen this before, there will be a pull back after a few green days in a row, I’ll let it ride and make it into a condor on the same collateral, I mean, there’s no way it moons another 3% to ATH in the next 8 trading days. SPX: hold my beer. Now I’m chasing up my call spreads, roll it to a new condor, narrower, increase the risk, collect more sweet premium. An extra $50 is worth it for an extra 1000 at risk, yeah? That’s 5% who cares if my condor body is only 10 wide now…Jesus, up again?! Fuck it, iron butterfly, 4DTE, max loss is now, let’s say, beyond my risk tolerance but shy of blowing up my account. Expiry? Today. Center strike? 4680, hallelujah! Hold to the last ten minutes, close everything and reopen put side only, on reduced risk, OTM, for a modest credit. + +Today brought me from -10% back to +3% all time. Since January, I’m…not beating the market. + + +tldr; bears r fuk +QYLD is the 'pros' doing covered calls on nasdaq, it's share price has ranged from 18-26 over the last 6 years or so and its dividend payout is 11%, add some leverage and you could get to 20% or so before interest. is anyone doing this? or do we think we can do better than 11% annually even after adding leverage to that? +EDIT: Just made a tinyletter to send you guys access to the beta and updates directly: https://tinyletter.com/cryptoprophet + +Hey fellow hodler, + +I have been following this sub for a while now, and gone through the emotions of the past dips and rallies. Eventhough most of us are hodling, I have seen a few of you making quick cash from buying more at dips and selling some pieces during rallies. + +I want to take part of this too, but I am too busy at work to day trade or even to monitor ETH price daily. + +So, I have been working on this tool using my background in machine learning / forecasting to detect when there is a rally or a dip - and buy a bit more or sell out accordingly. Basically, I have a forecast of ETH price, with confidence intervals, and whenever the price goes out of the interval - it means that something unusual is happening either up (rally) or down (dip) and I receive an alert. Everything is automatic, both alerts and adjusting the forecast parameters. + +The forecast: http://i.imgur.com/A6AzXZ1.png + +I have had good results with the tool so far and I am thinking of expanding the tool into something I could share (and charge for). + +Let me know if you guys want to be added on the free beta and if you have idea of coins that I should monitor. I am thinking LTC and BTC, I dont have any other positions than ETH so I dont really know other markets trends. + +*Obvious disclaimer is obvious: “Past performance may not be indicative of future results.” +* +Just noticed the increase this morning, interest increased from 1.40% to 1.50%. + +CDs seem to have gone up as well, with a 12-month CD sitting at 1.90% APY. + +Nice to see Discover being proactive with their interest rates. +Hello friends. Do not be intimidated by the title :) But I am struck by the idea of the utopian nature of the concept of decentralization in modern cryptocurrency. + +Do you think cryptocurrency is truly "decentralized" at the moment? + +If we turn to history, then bitcoin was originally conceived as absolutely financial freedom and a decentralized payment system, which at the moment do not correspond to the original ideas at all. + +(those who disagree can googling mining pools and early coin holders) + +Just like most large projects with their own blockchains and technological solutions. Take the acclaimed Solana in 2021. And what did the users get as a result? An unprotected system with many flaws, but nevertheless, such a system is called in our world "decentralized" + +After all, the concept of data storage and transmission is not the whole function of decentralization, is it? + +I am alarmed by the market trend and that the cryptocurrency is more and more like a stock market with exactly the same problems, where not always technological solutions that try to develop directly decentralized solutions do not receive the necessary publicity and attention. People only care about instant profit, and unfortunately, people see only profit in this, and the original idea fades into the background. + +So far I do not quite understand why this is happening, because there are interesting blockchains that somehow put the development of decentralization in the forefront, like Near Protocol. I am absolutely amazed at their blockchain with a sharding system, multi-level DAO, which eradicates the centralization of human factor solutions, and it can be seen that the ideological inspirers and creators of the project really yearn for the transition of our world to a new, decentralized world. + +Please share your opinion in the comments <3 I will be glad to talk with you +On December 23rd, over **NINE** crypto content creators have had videos removed and a strike placed on their channel for “Harmful or Dangerous Content”.  + +In one instance, Chris Dunn a creator with over 200,000 subscribers,  + +over 7 Million views and 10 years making videos just had over **TWO YEARS worth of videos deleted from his channel.** + +**To platforms like Youtube, we are simply disposable commodities.** + + +It doesn’t stop with Youtube. +Crypto content creator Omar Bham, just over one year ago, had an entire crypto group of 100,000 members deleted. If that wasn’t enough, they also deleted his account **and** the accounts of over 15 fellow moderators of that group as well.  +**This isn't an isolated incident either.** +Less than one month ago MY account was also deactivated with no reason, alongside another crypto content creator Allesandro Benigni.  + + +We trust Facebook with our photos, storing connections to longstanding friendships, our professional networks, and a timeline of our digital lives. Facebook in turn deletes accounts and communities at the blink of an eye, with absolutely no regard.  +Facebook cares about profits, not us.  +& Youtube’s motto of “do no evil” is now simply a sad ironic joke. + + +On a larger scale, this isn’t a war on Youtube or Facebook. +**This is a war on centralization.** + + +When we trust in centralized entities with our data, our content and our information, we become vulnerable.  +We trusted because we had no other alternatives, and time after time, they continuously all break our trust even deeper. + + +**We have had enough.** + + +Already, when the Cambridge Analytica scandal hit, 44% of users between ages 18 and 29 deleted the Facebook app from their phones. + + +The internet should empower freedom of speech, with no bias or agenda.  + +It should be made for the people, with ad revenue distributed to the users. + +It should give people options, either keep your data private, or to be able to share in the monetization. + + +**Social Media should be for the people. Not the corporations.** + +A new wave is coming + +With the emergence of blockchain technology, there have been a plethora of platforms emerging that monetize interactions, support freedom of speech, and store data in a decentralized manner.  + +The options are right there in front of us, with platforms like Uptrennd and Steemit, we simply need to get out of our comfort zones with traditional platforms and **make the change.** +Recently, I've developed a strong craving for any and all information about the US economy and economics in general that I can find. I'm sure it's no doubt due to the fact that I'm a recent college grad with a good GPA and unable to land a decent job anywhere. That, along with the facts that, though hirings are down, Q2 profits were up, and yet many predict a second crash of Western economies in the coming months, and economics suddenly has become a fascinating subject to me. + +But I'm also aware that a lot of people claim to be experts who are often wrong about their predictions, or spreading false information to bolster their point. + +So, **TL;DR:** where do you typically go on the Internet outside of reddit for news or interesting opinions about the state of global economies? + +Thanks in advance. +If you were 35 with no rrsp or tfsa but have been contributing to an omers pension through work the past 3 years and now have 1k a month to freely invest with the hope of potentially retiring at 55 where would you allocate these funds? +Edit:: **RESOLVED** Thank you all for your help and advice. It ended up being an easy task in their portal that the phone operators weren't able to guide me to. They have all these different options in their calculators in the portal and when I clicked on all of them it said they would reach out to me. However, I found that if I used the "schedule payment" option instead of the other "lump sum" options the payment is going through and reflecting the balance on the calculators on the portal. I did a test run to make sure it's working properly so we'll see. I'll also confirm with them that the PMI will be removed if I pay the balance on their "PMI Removal" calculator. I feel like an idiot for not seeing this before, but I'll transfer some of the blame to the call operators as well.... it was such an easy thing I feel like they should have known. Also if they just emailed me in the 5 business days like they said they would it would also be resolved a lot faster + ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ + +My wife and I initially put 10% down on our home and we have now saved enough to pay off the rest of the 20% to remove PMI. On my payment portal for my mortgage I don't have an option to pay anything else other than my standard mortgage payment. I can make extra "payments" , but to pay a "lump sum" I need to file a request on the portal. + +That's all fine, but when I file the request I get a notification that the company will contact me in 5 business days regarding the request. I've made this request probably 20 times since mid May and have not received any kind of communication. + +When I call their 800 number I get a customer service person who seems to not understand what I am requesting and it takes an hour of explaining and talking for them to "get it." I've called twice and each time they've just told me to wait for a response on the request from the portal. They confirmed my email was correct and I have nothing in my spam folder. I also confirmed on each phone call (latest one was last week) that they had not sent me the authorization to make the lump sum payment. + + +Edit: Clarification: The loan is about a year and 1/4 old + +Is there anywhere I can make a complaint about this? I feel like they don't want me to make this payment on my mortgage. Is there another course of action I should take? +My wife and I live in Toronto, Canada, and we are considering living most of the year in our cottage on an island that for practical purposes (because of the lake freezing) becomes inaccessible for 2 months of the year - Early January and Mid-end March. + +We were considering traveling for 3 months of the year and work remotely from somewhere warmer, but were not sure how people with pets do this. We have a dog and 2 cats, and don't really want to leave the cats behind in boarding for long periods. + +We could potentially travel with the dog however, or leave the dog with friends for short stints maybe, but not sure if there were other / better options? + +Any ideas? +History has shown us from time to time how great it has turned out if a dollar was invested 10 years ago. +An asset class coming from less than a 1c to reaching a 69K$ mark is just insane and with its halving , low supply and higher demand just makes the best investment class available for everyone out there. Keep investing +Ever since my posts about fractal algorithms, I have been followed by low karma shills and mercilessly and unnecessarily downvoted and messaged. A lot of which, is loaded with suspicious "curiosities". Some - genuinely valuable relevancy was offered. I hope you read it through this **in its entirety** before cultishly blasting me. + +So without wasting much time and effort, I believe I have said what I needed to say regarding the algo in previous posts, but it aligns with a lot of tweets to a tee. + +The poop 💩 emojis are a warning. There is more often than not a very sudden and drastic dip in the near future. Because of the cycle we are currently in during that timeframe. We are trading in the past. They also land DEAD ON a cycle change. + +Edit: I'll add... 💩 tweets are increasing in frequency. This is "taking the dump in the metaverse" (it's not real). As cycles increase in frequency, so does volatility. + +To lend credence to this: RC tweet "hold or hodl". Notice he left something out? It's probably because you shouldn't buy in the near future because GME is about to fall off a cliff relatively soon. Buy when it's cheaper and let them rack up more FTD's to do so. We need to buy up as much of the float as possible - for as cheap as possible. Help is waiting when the time is right. + +Edit: I'm not saying GME is about to drop another 60%. I'm just saying watch for the cliffs, particularly on the open. Let it bottom out because if we fall further the next day, we need to make the cost basis count. + +Why the cliff? The algorithm is following a pattern. A very specific one. Also one that it can't deviate from and will short at ANY cost to stay the course - trending back to more than a decade... Because FTD's cost them nothing and supply is infinite... For the most part. + +-"It's not about "why", it's when, where, and how much" DFV tweet. +I won't get much into this one because it gets much deeper than any of us think... A LOT deeper. This is referring to timing these cycles. -Also the DFV tweet - woman from Seinfeld is also referring to cycles. Stop worrying about "why" the price is dropping. It's fake. Ficticious. Fantasy land! Worry about "when" and "how much". + +-Another DFV tweet regarding shape-shifting. This is referring to the algo. It's hidden in plain sight, just woven through different time scales. To me - it's blatantly visible on the charts. Refer to previous posts. (Did I mention the topic attracted a *LOT* of negative attention/followers?) + +-When FTD's are free and unlimited, you're fighting a battle that can't be won - yet. We are the "child pushing the sumo" tweet. We need to lock the float and buy/DRS as much as humanly possible as we fall, but I also wouldn't buy unless it I could get more for less. Supply and demand is meaningless - for now. We will go down regardless - until we don't. Strong buy pressure may also yield an even harder push down during certain cycles. XRT 600% short interest is indicative of that. This thing was designed to terrorize - don't forget that. The poop tweet should give you a heads up if there is a tasty dip soon. + +-DFV reverse uno tweet is referring to the back half of the cycles. The downtrending cycles. Refer to the yearly chart and my previous posts and you will see. One cycle is very sudden and drastic as it **shape-shifts** to shorter time scales- poop tweet! Sugar daddy - the sweet spot. + +-MSM is openly calling out GameStop for lack of official announcements on turn around plans. There is a reason for the silence. It's a huge "fuck you". When the stars align, announcements will be made. + +Obligatory source: trust me bro... + +Buckle up. MOASS is inevitable. + +And fuck the shills following me, too.🖕 + + 💎🤲🚀 +That takes the chance of winning from *24,500 to 1* to **24,000 to 1**, with a good amount more £50 and £100 prizes. + +Will hopefully provide some relief to those investing in PBs. Pleased to see them moving fairly quickly and I guess we can expect it to go further over the coming months. + +[https://www.nsandi.com/products/premium-bonds](https://www.nsandi.com/products/premium-bonds) +That takes the chance of winning from *24,500 to 1* to **24,000 to 1**, with a good amount more £50 and £100 prizes. + +Will hopefully provide some relief to those investing in PBs. Pleased to see them moving fairly quickly and I guess we can expect it to go further over the coming months. + +[https://www.nsandi.com/products/premium-bonds](https://www.nsandi.com/products/premium-bonds) +In my previous job, I "converted" several people. Not to FIRE, but to index investing. We are a cozy group and we keep in touch through an IM group. I believe it's one's civic duty to share the knowledge of index investing, and of FIRE if it comes to it. +Are there any drawbacks about sharing with coworkers and friends? +My FIRE date is still far away, so it shouldn't affect my bosses if they overheard some of it and somehow believed it without me arguing the math. + +**tl;dr.** Should I tell my coworkers and friends about index investing and FIRE? Why or why not. + +**Edit:** Thanks a lot for all the answers and input! I will be reading them carefully. + +**Edit 2:** FIRE is the acronym for Financial Independence Retire Early. Some people in the comments are asking this, so I thought I'd clarify. + +**Edit 3:** For the people asking, I don't know more than those who have read the FAQ of this sub (https://www.reddit.com/r/financialindependence/wiki/faq) and that of /r/personalfinance (https://www.reddit.com/r/personalfinance/wiki/commontopics). But here's a long video that explains index investing for those who are not familiar with it and why it's the optimal way to invest. https://www.ifa.com/indexfundsthemovie/ https://www.youtube.com/watch?v=z1skhHVztgc + +And no. According to my Scouter, I'm far from Super saiyan level. D: +Alexander von Fürstenberg's Inclusive Wealth Building Initiative published a report on income produced through assets in the United States (as opposed to salary). This should feel familiar to those of us compensated largely via equity, but it's the first big picture report I've seen covering this topic. It includes some ways of looking at different locations in the US that I found interesting. + +[From wealthy enclaves to asset deserts: What the geography of asset income signals about wealth distribution in the United States](https://inclusivewealth.eig.org/wp-content/uploads/2021/08/Geography-of-Asset-Income-Report.pdf) +I was asked by r/financial independence to post here instead. It’s been my dream to become FI since I was a teenager. I’m finally very close, if not there. + +Here’s a little background: + +Live; Northeast with 2 kids, 9, 12. + +Wife: Teacher ($90k salary), pension $1,200/mo. when she retires. Won’t receive Social Security. + +Me: Partner in LLP ($650k draw) + +Debt 1: $0 - primary home (worth $600k), cars, credit cards all paid for. Not included in NW number. + +Debt 2; $800k mortgage- secondary home (worth 1.4M) principal not included in NW number. + +College 529 1; $126k +College 529 2: $121k + +Expenses: $12k-$15k / mo. Includes taxes and insurance. Got a ways to go, but when kids move out it will go down by a few thousand. + +Investments: + +$3.1M - 85% liquid, 15% tax deferred, mostly index funds and a couple managed accounts. + +$2.3M - paid out over 7 yrs (sale of a business) It’s guaranteed and in escrow. 168 payments start when I “retire”, aka, leave the partnership. I joined the company who I sold to and came on as a partner/owner. 5 year golden handcuff, halfway through. + +$100k - part owner of a building. It’s been paying $1,700 per quarter. + +My eye is set on “retiring” at 48, however part of me thinks it’s too risky. My worst fear is running out of money and eating ramen noodles every night when I’m 80. Been there, done that. +I figured this could be a good place to ask. I live in nyc, and we’re looking at buying a place in aspen/park city/Jackson hole and spending winters out there. + +We have a 55lb golden and would love to bring him, though with all the airlines cutting ESA support unsure how to do it. I’m not looking to spend 20-50k on private flights, and some of the private carriers I’m familiar with (XO) have limited routes. I’ve gone as far as considering getting a fancy van and leaving it at the property and paying someone to come get us and drive back, but don’t want to spend several days on the road. + +People on this sub, how do we pull this off? +"It is legal to do. It's not a matter of being patriotic or not patriotic. It doesn't go that the more you pay, the more patriotic you are," he told The Washington Post. The U.S. federal corporate tax rate, which stands at 35%, is among the highest in the developed world. +Edit: because there's misunderstanding about my point. Loopring is likely a great investment, but this is not the place for spamming the price of $LRC. This is the same thing as when $SLGG was getting spammed for a bit there. + +I don't really think there needs to be much more said than the title. Everything is purely speculation until GameStop announces anything. Until then, why are we allowing non-Gamestop stuff in here? + +I haven't hit the character limit because it's that simple. GameStop hasn't confirmed it, stop pumping the coin. Discussion about potential mergers and whatnot is cool, spamming the coin's price isn't. +I love soups, stews and chili's but I've never made any myself. My cooking skills aren't bad but many recipes I see online require ingredients and/or cookware I don't have or can't afford or require things like red wine and coffee grounds which I don't know how to cook with or what kind of red wine or coffee beans to get. In just about any poverty thread about food I see people always mention these three things and talk about "just throwing whatever you have in there". So poverty cooks, can you help a guy out? +Hello friends, seeking advice for best approach: + +I've been working full time in a permanent office role for around 8 months. Doing well, have had good feedback and have a good working relationship with all my colleagues. + +I want to drop down to four days a week for quality of life/mental health and to pursue my novel writing hobby. I have a mid-senior role which I'm confident I could successfully keep on top of in four days. + +I know my work offers this kind of flexibility, but usually it's to help staff with parenting demands, that sort of thing. I have no children at this point, which my employer is aware of. + +I'd love to hear advice/anecdotes for good ways to approach this with bosses, justify the drop in days, and still show I'm committed to the role. They'll for sure ask why I'm making this request and I'm afraid "quality of life" and "personal pursuits" will make me sound unprofessional. + +At base line I'm ok with a 20% salary cut, but would also really like to hear advice/anecdotes for ways to maybe not take the full 20% cut, eg increasing my workday hours by +1h per day, so only taking a 10% hit. Also thinking about asking for a raise, regardless. + +Many thanks for any advice you guys can offer! +Please don't blindly shill your bags here. + +I'm looking for genuine discussions on well developed projects based on Ethereum. Something that all Ethereum fans can be proud of and support, regardless of financial motives. + +Cheers! +Good Morning Apes! + +I was pretty happy with the earnings call. + +Long term investment in growth especially with inflation on the rise is absolutely worth the hit to the EPS share number, and with the consistent growth of net sales I don't think it will take long for them to reverse this trend once they have built an infrastructure they are comfortable moving forward with. + +The growth of the inventory and diversification of products is exactly the kind of move I would expect from good management during these economic conditions. It looks like some of the c-suite are putting that e-commerce knowledge to good use and expanding product lineups to offset shortages. + +Any e-commerce company worth their salt is going to prioritize logistics, I know it doesn't sound fancy, but speed of delivery to consumer in this day in age is one of the most important capital investments GameStop can make. These systems are expensive to build and roll out but once fully operational are not only highly profitable but inexpensive to maintain. Getting this capital spent before additional increases in inflation means that they are doing something now that could cost far more in the future and inflation can increase the value of these assets. So while it's impact on EPS is daunting for now having this "priced in" in the future means the turn around to positive EPS could be rapid. + +Lastly something I wanted to address, I've seen a lot of people rambling on about Ryan Cohen not registering his shares because they do not appear in the Computershare count. + +**This is false**, Cohen's shares are registered to his holding company. + +Cohen's share buying and subsequent illiquidity is what highlighted much of the cycle I have discussed in my recent DDs. + +Finally for the people that say I'm anti-DRS, while we may not share the same viewpoints on DRS, I have never downplayed it's importance or significance. In fact I have repeatedly pointed out it's benefits and dismissed FUD surrounding it (ex. charlie's most recent rabbit hole). I have never discouraged anybody from DRS'ing their shares. Many of my audience have DRS'd some or all of their shares. But I won't actively pressure or bully anybody into doing what they don't want to do and I am **not a financial advisor**. All I can do is simply highlight the benefits. + +This clip assembled by u/BongKing69 should provide some clarity (this clip is not monetized) + +https://preview.redd.it/lv1kd7w7zi481.png?width=1271&format=png&auto=webp&s=170fceefbd519baaa255413304e71362f82ed567 + +[Options and DRS](https://youtu.be/tReNorPwDCM) + +Make sure to check out [MOASS the Trilogy](https://www.reddit.com/r/Superstonk/comments/qvyjap/moass_the_trilogy_book_one/) for a better idea on this theory. + +Video on my current theory... [talk with Houston Wade here explaining my current theory](https://www.youtube.com/watch?v=mntHdNqltkw) + +For more information on my futures theory please check out the [clips on my YouTube channel](https://www.youtube.com/c/PickleFinancial/playlists). + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Market + +Pretty rough down day today, largely due to significant put volume flowing in. If they have a significant amount of exposure to cover in the next two weeks they will, as they have historically, drive the price down as low as possible before beginning to cover. This happens every time. Since they spent most of the day returning shares borrowed yesterday and buying puts it is pretty obvious this is being accomplished through bona fide market making, so we can expect the usual exposure in T+2. In the meantime this price point and lowered IV still present an excellent opportunity to pick up more before we bounce back. + +https://preview.redd.it/7itoqqj24l481.png?width=912&format=png&auto=webp&s=d34c4b06446b0b4e6aa9b8e076194d41648fc98e + +For those of you that feel the need to attack me or clip statements out of context to prove your point I do not think your actions are having the desired effect...I have never been unreasonable and have always been willing to discuss my opinions on things. I will not respond to harassments or threats. I always welcome anybody to provide evidence, or data to support their argument and am willing to consider it. I believe that educated and informed decisions are the best decisions and bullying people and attacking them because they do not share similar views or ideology is not what this community was built on. + +Thank you, + +\- Gherkinit + +https://preview.redd.it/0vlapsmh3l481.png?width=755&format=png&auto=webp&s=f63d2101fcab4a820afab3993d694d309b6f08fa + +Edit 3 1:09 + +Still holding the at the support but any notable buy pressure is being shorted back down. Max-Pain is currently at 180. Stark difference in volatility vs. September earnings. + +https://preview.redd.it/9huasoj95k481.png?width=1468&format=png&auto=webp&s=28decbb72993a0b4f4c655739e015569f03d1e9b + +Edit 2 12:03 + +Still chopping on the low support at 162.50 volume is high but price action is not reflecting that + +https://preview.redd.it/46bh71jhtj481.png?width=1468&format=png&auto=webp&s=857b79da81177955e644ba9c17099a990a28005e + +Edit 1 10:30 + +Heading for a second test of that 162.50 resistance we could potentially drop through this but buy pressure is much higher in that range. + +https://preview.redd.it/wta4bh9scj481.png?width=1480&format=png&auto=webp&s=db605263c78c1965755b594a6fd2ede6f0dc9679 + +# Pre-Market Analysis + +GME currently sitting just below the EMA 200 I expect a fairly strong bounce once some volume comes in. Historically we do not sustain dips this low for long. Remember this price point is significant especially if it holds, as this is the average bottom line for retail cost basis, is a huge opportunity to load up on shares and with the crushed IV far dated options and/or LEAPS. + +Volume: 78,420 + +Shares to Borrow: + +A significant chunk of the 1.4 million borrowed yesterday have been returned. + +IBKR - 200,000 @ 0.5% + +Fidelity - 739,628 @ 0.75% + +\* another not here to dispel some misinformation Fidelity has listed GME as hard to borrow since March this status is not a new development. + +[GME pre-market 1m](https://preview.redd.it/707hdduo0j481.png?width=1509&format=png&auto=webp&s=ba0d507b2eb183dbeb8f07dff63574296763c93c) + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and want to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +There are a lot of people on the sub hypothesising what they will do, or sharing stories of how they have just hit fatFIRE, but I'd love to hear or see a link to at least one story of someone who has been living entirely off their assets for say the past 15 years ie including a major correction. Is there anyone here who fits their description and can share their story of actually living that lifestyle through all the ups and downs over that kind of period? +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) +TLDR: Credit Suisse swaps are connected to FTX tokenized GME stock. GME's hidden shorts are literally hidden in the tokenized stock and visible on Veris + +Flairing as possible DD although some may disagree that this should be education or speculation or discussion. Please let me know if i need to re-flair. Pardon the spelling. True regard here who can't spell + +&#x200B; + +**Part 1: Onyx by JP Morgan.** + +I want to use Onyx by JP Morgan as a foundation for why I believe swaps and tokanized stocks are connected. Below I grabbed important paragraphs from this article: [https://blockworks.co/news/french-banking-giant-bnp-paribas-joins-jpmorgans-onyx-blockchain/](https://blockworks.co/news/french-banking-giant-bnp-paribas-joins-jpmorgans-onyx-blockchain/). You can find more info on JP Morgan's website: [https://www.jpmorgan.com/onyx/index](https://www.jpmorgan.com/onyx/index) + +\------------------------------- + +"JP Morgan’s blockchain system, Onyx Digital Assets, launched in December 2020. Through Onyx, Banks can lend tokenized US Treasury's for a few days at a time without the assets leaving their balance sheets. This helps navigate liquidity demands imposed on institutions in the wake of the 2008 financial crisis. + +Borrowers can then exchange the tokens for liquid cash, boosting their available collateral for use within derivatives markets. Onyx is integrated with JPMorgan’s own digital payments token, JPM Coin, which debuted around the same time as its blockchain platform. + +Deals on the permissioned blockchain network are settled by automated smart contracts. Onyx’s website boasts that the service enables “near instantaneous atomic exchange of collateral for cash.” Repo transactions can be “traded, settled, and matured within a day,” and trade terms can be as little as minutes." + +\----------------------------- + +Basically, JPM can whore around its US Treasury's as part of their intraday repurchase (repo) market trading without them leaving their balance sheet by trading tokanized US Treasury's with their JPM Coins which are pegged 1-1 to USD. + +&#x200B; + +**Part 2: Veris by Axoni** + +Company site: [https://axoni.com/](https://axoni.com/) + +Grabbed some info from wiki: [https://en.wikipedia.org/wiki/Axoni](https://en.wikipedia.org/wiki/Axoni). + +In 2020, Axoni launched Veris, a distributed ledger network that manages equity swap transactions. This system is designed for matching and reconciling post-trade data on stock swaps. Companies using this network includes BlackRock Inc., Goldman Sachs Group Inc., and Citigroup, Inc. The infrastructure functions as an equity swaps platform, where participating institutions can maintain continual reconciliation of equity swaps until they reach maturity. Trading is synchronized for a transaction throughout its lifecycle and participants are able to relay changes in real-time. Its first recorded swap involved transactions by Citi and Goldman Sachs. + +Axoni is also a partner of Options Clearing Corporation (OCC), one of the world's largest equity derivatives clearing organization. + +Veris by Axoni is a blockchain solution for equity swaps. Veris allows for all parties on a trade to match and confirm all trade terms upfront and remain synchronized on post-trade events such as amendments, positions, and cash flows through the lifecycle of the swap. Veris uses the ISDA Common Domain Model (CDM), an open-source, standardized model for derivative trade processing, to bring consistency to how firms represent derivative events and products in order to reduce costs and risks associated with inconsistencies in trade processing.  + +**Part 3: Speculation and How This All Ties Together** + +Given the information I found about Onyx by JP Morgan, I think it can give us plenty insight into how Veris by Axoni functions with equity swaps. + +**Tokanized GME Stock is to Veris what US Treasury tokens are to Onyx.** + +Since Veris and Onyx are both blockchain solutions, they require an underlying asset. Therefore they both most likely require a pegged tokanized version of what they represent. + +In Onyx, it's tokanized US Treasury's and for Veris it would require a tokenized version of an equity. Given that the GME token was created a day before the sneeze, it most likely was created for a purpose of an equity swap for Veris. + +In addition, GME Float doesn't equal GME Token float. Meaning trading the token would have a different impact than the stock. + +Furthermore, if all of this is true and I'm not misunderstanding anything, it could've been the case that FTX and Alameda got caught in the crossfire here between banks/hedgies and apes. + +FTX blindly started trading GME tokens without realizing that there will be entities redeeming their tokens for actual shares, leaving FTX fuk'd. + +**Part 4: Finale - "WTF"** + +Article from 2016: [https://www.reuters.com/article/us-usa-blockchain-banks/firms-led-by-jpmorgan-test-blockchain-powered-equity-swaps-post-trade-idUSKCN12I2GG](https://www.reuters.com/article/us-usa-blockchain-banks/firms-led-by-jpmorgan-test-blockchain-powered-equity-swaps-post-trade-idUSKCN12I2GG) + +"Eight financial services companies led by JPMorgan Chase & Co and Barclays Bank Plc \[BARCR.UL\] have completed the test of an equity swaps post-trade transaction using blockchain technology and smart contracts, financial technology firm Axoni said in a statement on Tuesday. + +The blockchain-powered post-trade prototype was built by Axoni. The other participating institutions are **Credit Suisse**, Citigroup Inc, financial data and technology provides Thomson Reuters Corp and IHS Markit, as well as business consulting firm Capco." + +Meaning: Debit Suisse Equity Swaps are linked to FTX GME tokenized stock + +Buy Through Computershare boys + +Edit: New information from comment section! + +"But the exchange (Binance) does not provide a formal investment prospectus that would be required if it were deemed the stock tokens constituted “securities” under European regulations. CM-Equity said the product was Mifid II compliant and worked as a certificate for a total return swap." + +Source: +https://www.reddit.com/r/Superstonk/comments/yx7geo/total_return_equity_swaps_are_connected_to/iwns24i?utm_medium=android_app&utm_source=share&context=3 + +(I'm encouraging him to make his own post about this cuz it's an amazing find) +Through a connection I've arranged to have a casual dinner with a PM of a hedgefund. I looked up his company and they specialize in options / derivatives to hedge risk. I'm not gunning for an internship or anything but I know only the bare minimum about options. What kind of questions should I be asking? My primary goal here is to learn and gain some insight from a brilliant guy. +I’ve been slowly trying to put a little aside in savings by subtracting my paycheck from my balance the day I get paid, then putting the amount that gives me into savings. Money is tight so I only had about 46 dollars in there. Payday is later than expected this time around a pending charge for contact lenses threatened to put me in overdraft which comes with a 25 dollar fee. Because of my small saving effort I was able to beat the pending charge with a transfer and avoid an overdraft fee while I wait for my paycheck to go in! + +Small victories. +Kindly explain experts , received this just now ! + + Dear Unitholder, Greetings from Franklin Templeton Investments. Thank you for your investment with Franklin Templeton Mutual Fund. + + +In order to ensure fair treatment to all investors in case of a credit event and to deal with liquidity risk, SEBI has permitted creation of segregated portfolio of debt and money market instruments by mutual funds schemes vide SEBI circular No. SEBI/HO/IMD/DF2/CIR/P/2018/160 dated December 28, 2018. + + +Franklin Templeton Mutual Fund proposes to include provisions related to creation of segregated portfolios in the Scheme Information Document (SID) of the following Scheme(s), effective December 26, 2019: + +1. Franklin India Liquid Fund +2. Franklin India Overnight Fund +3. Franklin India Floating Rate Fund +4. Franklin India Savings Fund +5. Franklin India Government Securities Fund +6. Franklin India Corporate Debt Fund +7. Franklin India Dynamic Accrual Fund +8. Franklin India Low Duration Fund +9. Franklin India Short Term Income Plan +10. Franklin India Income Opportunities Fund +11. Franklin India Ultra Short Bond Fund +12. Franklin India Credit Risk Fund +13. Franklin India Banking & PSU Debt Fund +14. Franklin India Equity Hybrid Fund +15. Franklin India Debt Hybrid Fund +16. Franklin India Pension Plan +17. Franklin India Equity Savings Fund + +We have received approval from the Board of Directors of the Franklin Templeton Asset Management (India) Pvt. Ltd. (investment manager for schemes of Franklin Templeton Mutual Fund) and Franklin Templeton Trustee Services Pvt. Ltd. (the Trustee to the schemes of Franklin Templeton Mutual Fund), to include provisions related to creation of segregated portfolios in the Scheme Information Document (SID) of respective Schemes. + + +[**Click here**](http://click.e.franklintempleton.com/?qs=96ffc1d485cc8a6d80e425f3e874564b1bed465c8ee720b957fbcc48cfebb82de41f90a2d5adca2032e69b09c6eea3d87c916d2441ee62f13eb166330a989179) to read the **Addendum to the Scheme Information Document of the Scheme(s)** informing investors about detailed provisions related to creation of segregated portfolios. We shall also be issuing the said addendum in newspapers. + + +All the other terms and conditions of the Scheme Information Document of the Scheme(s), read with the Addenda issued from time to time will remain unchanged. + + +The inclusion of provision to enable creation of segregated portfolio in the aforesaid Scheme(s) constitute change in fundamental attributes of the Scheme(s). In terms of prevailing regulatory requirements, unitholders in the aforesaid Scheme(s) are given an option to exit at the prevailing Net Asset Value (NAV) without any exit load, in case they do not wish to continue in the said Scheme(s) in view of the change in the fundamental attribute. The period of this no load exit offer is from November 25, 2019 to December 24, 2019 (both days inclusive). The redemption request for this purpose may be submitted at any of Official Points of Acceptance of Transactions (OPAT) of Franklin Templeton Mutual Fund, and the NAV applicable will be based on the day and time the application is received at any of the designated OPAT. Unitholders who do not exercise the exit option on or before 3.00 p.m. on December 24, 2019 would be deemed to have consented to the proposed change. + + +However, the exit option without load will not be available to investments in the said Scheme(s) made on or after November 25, 2019. Unitholders who have pledged their units will need to procure a release of their pledge prior to submitting their redemption request. + + +**If you have no objection to the proposed change, no action needs to be taken by you.** +Would appreciate if **F**inancially **I**ndependent **R**etired **E**arly folks here could answer the following questions: + +* At what age did you FIRE? + +* What is the life expectancy you planned for? + +* Your retirement fund was what multiple of the estimated average annual expense (in present value non-inflation-adjusted terms at the time) when you FIREd? + +* How much did you provision for old age healthcare and assisted living support? + +* If you own a house, where does it fit in your plan for twilight years? Do you intend to avail reverse mortgage income from it, or sell it and move into a retirement home, or just live in it till your EOL and bequeath the property to legal heir(s)? + +* What is the baseline post-tax real rate of return requirement from your retirement portfolio to sustain FIRE (those comfortable with negative rate should clarify their inflation benchmark in FD terms, e.g. X basis points above FD rate or Y times FD rate, etc.)? Accordingly, what is your target asset allocation? + +* If you now work on hobbies or projects which don't involve serious monetary compensation, how do you deal with people asking what you do for a living without letting them have any hint or ideas about your net worth? + +* What are some avoidable mistakes (if any) you made in the pre-FIRE phase and things you wish had known before you FIREd? + +*Edit (bonus questions on public request):* + +* What was your primary occupation / source of income before you retired? +I had a friend recently ask me how much bitcoin I hold. I asked him "How much money do you have in your bank, and where do you store your account information?" + +I trust my friends and family, but only to an extent. About 15 years ago, someone I cared about greatly decided to rob me of 4 ounces of gold -- he had a secret drug problem and one day at dinner he asked if I could show him my gold and explain the differences. A few days later, we had a break-in and my hidden camera showed who it was. + +Do you store your bitcoin balance on a laptop? Do you show off your balance on your blockchain app on your phone? + +The #1 rule in security is to not let people know you have something of value. Keep a hot wallet with $100 in it, and use that as an example. If people ask you how much you have invested, be clear: "I am invested in many different things, and I really don't like disclosing that information." + +Let's be smart, folks. We're excited with the run up and all, and we want to crow to the world about it, but be aware: many crimes are caused by insiders the targets know and even love and trust. +Hi, not sure if this is the right place to post, but besides getting a prenup (obvs) what are some ways I would best financially protect myself/ensure I keep my apartment should we end up divorced after being in a de facto relationship, then married? + +Backstory; I'm in my early 30s and just bought a place in Newcastle (thanks to the bank of mum and dad + step parents to help out with the deposit and being an only child!) and during this time my boyfriend has been proud yet distant. We've communicated that that this is a thing that I wanted to do with my family and on my own in a sense. + +Since I've signed the contracts, things are now essentially locked in and he's been mentioning more about how he could help out and future planning with the apartment in mind. Now I'm all for future planning and I love him to bits and it's so nice to see that he's excited, but I've seen some friends and family (mum and dad included!) go through divorce and how splitting property and assets are their main concern. + +I want to live on my own for a while before jumping the "moving in together phase" which means I'll be paying all the bills and mortgage, but if/when he does move in (which I can see happening), I know we would split bills and he would even offer to help with the mortgage. If we were to get married and possibly divorce (who knows!) I know that I would not want to lose this place but the finances he put in would count in the asset pool. Emotionally I'm in the relationship and I can see a life with him, but I also want to, in a sense, have something that's 100% mine and give myself an extra layer of protection should anything happen. + +All experiences and shared knowledge is welcome. I know that I should go to a lawyer to find out, but I dont really want to spend some money just to try and get an initial understanding of what I may need to do... +Price goes up and it’s a margin call. Price goes sideways and they keep paying interest on borrowed shares. Price goes down and apes btfd like those monkeys attacking that crate of strawberries. There is nothing they can do against the combined power of time and buy and hold. Trapped in a cell of their own making whose walls continue to close in, sometimes imperceptibly but always moving. +[Source](https://www.dtcc.com/-/media/Files/pdf/2022/9/22/a9213.pdf) + +[SR-NSCC-2022-012: Self-Regulatory Organizations; National Securities Clearing Corporation; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Make a Number of Clarifications and Enhancements to NSCC’s Rules & Procedures](https://www.sec.gov/rules/sro/nscc/2022/34-95723.pdf) + +CNS Delivery Exemptions Section D of Procedure VII describes the procedures for controlling deliveries to CNS, including the process by which Members may submit instructions to NSCC to indicate which short positions they do not wish to settle and should be exempt from delivery. + +CNS provides for two levels of Exemption. Level 1 Exemptions allow a Member to designate that a portion of its short positions should not be automatically settled against its current Designated Depository position or against any securities which may be received into its Designated Depository account as a result of other depository activity. + +Level 2 Exemptions allow a Member to designate that a portion of its short positions should not be automatically settled against its current depository position, but that such a position may be satisfied by certain types of “qualified” activity in its Designated Depository account. Section D.2(b) of Procedure VII discusses the four types of qualified activity, which allow short positions carrying Level 2 Exemptions to be settled. + +# The list of qualified activity currently includes, among other things, “Receipts from Member’s Sub-Account,” which provides that, as a result of CNS sub-accounting, a Member may have a long position in a given security in one CNS account and a short position in the same security in another CNS account, and since both CNS accounts settle against a single Designated Depository Account, the Member may receive securities from itself. + +As noted above, Section D of Procedure VII is intended to describe certain Member rights and obligations associated with the delivery of securities to CNS. **Section D.2. of the procedure specifically discusses the process by which Members submit instructions to indicate which short positions should be exempt from delivery and which types of qualified activity allow short positions carrying Level 2 Exemptions to be delivered and settled.** + +# Section D.2(b)(iv), however, discusses a hypothetical scenario under which a Member may receive securities, which is unrelated and not relevant to the delivery of securities to CNS under the exemption and qualified activity process. Accordingly, NSCC proposes to delete Section D.2(b)(iv) to remove potentially confusing procedural language and improve the clarity and accuracy of its Rules.* + +\***CNS accounts settle against a single Designated Depository Account. It is therefore technically possible for a Member to deliver securities to NSCC’s CNS account to satisfy a short position in one CNS sub-account and receive the same securities from NSCC’s CNS account in connection with a long position in another CNS sub-account. However, the Member is not delivering those securities directly to, nor receiving securities directly from, itself, and the Member may also receive securities that have been delivered to NSCC’s CNS account by another Member. This is another potential area of confusion in the procedure that would be addressed by the proposed deletion of this rule text.** + +# Solicitation of Comments + +Interested persons are invited to submit written data, views and arguments concerning the foregoing, including whether the proposed rule change is consistent with the Act. Comments may be submitted by any of the following methods: + + Electronic Comments: Use the Commission’s Internet comment form (http://www.sec.gov/rules/sro.shtml); or Send an e-mail to rule-comments@sec.gov. Please include File Number SR-NSCC-2022-012 on the subject line. + +Paper Comments:  Send paper comments in triplicate to Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549. All submissions should refer to File Number SR-NSCC-2022-012. This file number should be included on the subject line if e-mail is used. To help the Commission process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission’s Internet website (http://www.sec.gov/rules/sro.shtml). + +# All comments received will be posted without change. Anyone submitting comments is cautioned that they do not redact or edit personal identifying information from comment submissions. You should submit only information that you wish to make available publicly. +As a result, Intel will record a pretax restructuring charge of $1.2B in the second quarter and expects annual savings of $1.4B per year starting mid-2017. The company also said CFO Stacy Smith will move to a new role leading sales, manufacturing and operations. +Hey, I’m sort of new to alto trading and am just wondering what are most bots based off? Are they more indicator based bots or do they run the price data through a formula? I’m not looking for exact answers but just general guidelines to how I could make my first bot and what it could trade off? +u/CallMeMo2 posted [this image](https://www.reddit.com/r/Superstonk/comments/oe8dyz/when_shitadel_is_closed_with_less_than_300_share/?utm_source=share&utm_medium=web2x&context=3) some 5 hours ago and a lot of people upvoted and it even got an award because the message is what people look for in their confirmation bias and an overall silent day with no trading. + +**The problem is the ape is wrong.** + +u/CallMeMo2's post is limited to just the index he looked at and did not look further for more info. + +What you are looking at is GS2C.F (GS2C:FF or GS2C:FRA) which has a volume of 310 for today and trades on Frankfurt Stock Exchange. + +**In Germany GME trades under the following indices and they all traded today for different values on 8 exchanges:** + +1. GS2C:BER Berlin Stock Exchange 94 units +2. GS2C:MUN Munich Stock Exchange 110 units +3. GS2C:STU Stuttgart Stock Exchange 988 u. +4. GMEa:DEU German Composite 6.22k +5. GS2C:DUS Dusseldorf Stock Exchange 14 +6. GS2C:FRA Frankfurt Stock Exchange 310 < *the one you have seen* +7. GMEX,A:GER XETRA 889 +8. GS2C:HAM Hamburg Stock Exchange 83 + +Here is a breakdown: + +[Gettex works under Munich SE, Tradegate in Berlin and Quotrix is ​​a system of the Düsseldorf Stock Exchange. ](https://preview.redd.it/s5q4wzx2eg971.jpg?width=999&format=pjpg&auto=webp&s=5b34f11d01fc915312e8fd6bbf7f49d218d86f45) + +Today GME also traded on the following markets: + +1. Mexico 61 units +2. Switzerland 10 units + +There are also some stocks traded OTC today: + +[ Baader Bank AG is an investment bank located in Unterschleißheim, Germany. Lang & Schwarz \(Long & Black\) is an OTC board under the Frankfurt Stock Exchange.](https://preview.redd.it/0bgoen71eg971.jpg?width=1009&format=pjpg&auto=webp&s=b18226f9d1cf8740cb8ba978cd24d5fdc1de4c7b) + +Apparently even in London 75 stocks exchanged hands probably OTC: + +[Someone familiar to London markets probably could tell us what usually trades on SETSqx.](https://preview.redd.it/mcyh6d6weg971.jpg?width=1011&format=pjpg&auto=webp&s=c5ceb2e86da7e75662e66695d2165278e5b06f1e) + +To have a look at what this means here are a few conclusions: + +1. The volume is a bit bigger than what [OP stated](https://www.reddit.com/r/Superstonk/comments/oe8dyz/when_shitadel_is_closed_with_less_than_300_share/?utm_source=share&utm_medium=web2x&context=3). Not compared to a normal NYSE trading day but not 300 either. +2. Up/Down moves are relative to markets not overall value since the stock is not traded at the same value converted in CHF or EUR as you see in USD. For example: + +* On Switzerland those 10 share I guess were sold as the price decreased -3.60 / -1.88% + +https://preview.redd.it/h8goqyd9ig971.jpg?width=649&format=pjpg&auto=webp&s=9cfa2baab2830004175d8bcaaf10a40f3671654e + +* On Stuttgart (also in Germany) the values are -0.05 / -0.03% + +https://preview.redd.it/fbvzy0y7ig971.jpg?width=584&format=pjpg&auto=webp&s=d068229b9b7f6d96a195f1c47ff015b4b4edb6ae + +1. Given the overall low volume and the fact that NYSE was closed the up/downs are actually separated by exchange instead of having the same values. + +I do not believe what u/CallMeMo2 is trying to do is FUD but more a lack of know-how and documentation. + +&#x200B; + +Sources: + +[https://markets.ft.com/data/equities/tearsheet/summary?s=GMEa:DEU](https://markets.ft.com/data/equities/tearsheet/summary?s=GMEa:DEU) + +[https://www.finanzen.net/boersenplaetze/gamestop](https://www.finanzen.net/boersenplaetze/gamestop) + +&#x200B; + +Edit 1: There is an inconsistency reported by FT for Stuttgart (988) and [Finanzen.net](https://Finanzen.net) (313). I cannot explain the difference. + +Edit 2: u/MaterialLake1138 suggested this for German markets [https://www.onvista.de/aktien/handelsplaetze/GAMESTOP-CORP-Aktie-US36467W1099](https://www.onvista.de/aktien/handelsplaetze/GAMESTOP-CORP-Aktie-US36467W1099) and I think it covers all the exchanges in Germany in one place including OTC. + +Edit 3: Some of you mentioned the overall volume on Monday is not relevant given the insignificant amount of shares traded. It is true and it is not the purpose of this post. +Trading stocks, you have to operate on some core principles, otherwise you'll be sloppy and you'll lose money everywhere with your only gains being on mistake. A good core ideal to have is that the market knows everything you know, and has calculated these things into it's price already. + +Now sometimes, there's some niche information out there and only the big boys at the top who take the %10 of winning trades know. That's called alpha. Alpha is anything that the market price hasn't yet accounted for. Now, this is hard to find and usually, can only be found in person, through physically investigative means or from some drop box link that you really weren't supposed to find. Getting actual, solid alpha is incredibly profitable because you know something is going down and can bet on it months in advance; but as profitable as it is, it's rare. + +So what can *you* do? You can still do your due diligence and at least trade with the same level of knowledge the market moves at and make your own determinations of it based on your interpretation of the data. A good place to start is with the company's 10-k and 10-k/a filings. The 10-k gives you an overview of every single Asset, Liability, Risk, and Executive within a company, with the 10-k/a giving an overview of the executive structure. These two forms, although boring as all hell, contain a plethora of knowledge crucial to making a smart move on the market. You can find these by googling (stock symbol) "sec filings" + +Internet forums, online trading gurus, and people who have a dad working at dronetendo aren't people to listen to for trading ideas. Make your own trading ideas. Don't get swept up in someone's pump-and-dump model. Have a good idea, find a stock you like to fit that idea, do your homework, and invest. That's how the market makes money. Hold onto an investment for a month to three months, and take out substantially more stable, viable earnings. +Is anyone else buying China tech lately and especially today? + +I think the market is greatly over-discounting the risk on names like BABA, JD, TCEHY and others. And today it seemed to turn from concern to sheer panic. I felt pretty good taking the other side on this. + +Take BABA and AMZN which are pretty comparable companies. But BABA is trading at 22 PE while AMZN is at 70. If you consider the underlying businesses fairly comparable, then the market is pricing in a risk discount of 60-70% in that case!! + +It's fine and necessary to discount China stocks for their many fraud / regulatory / govt / VIE structure risks. But the chance that a given Chinese company goes to $0 due to this is much less than 60-70%, especially the mega cap tech companies that are tightly ingrained with the govt and too big and visible in China to be actual frauds. + +With this current selloff the prices are hitting a point where I'm a buyer. I bought today and targeting up to 10% of my holdings toward the China tech sector. Namely BABA, TCEHY, JD, FUTU, HUYA. +Ok guys so I wanted to wait a minute before I posted anything about $BOG because the past run was crazy, we all know how Sundays are so I wanted to see what happened before I posted some info on it. But this period of consolidation has pretty well confirmed this is going to blast off. Full disclosure I have a small amount but I will be buying more when I can deposit some cash tomorrow. + +The QRD on BOG: BOG is an ARG token which runs code each time it is executed for various use-cases, including real-time and historical oracles on BSC. + +Lightpaper: https://boggedfinance.medium.com/the-bogged-protocol-lightpaper-16c7394e250f + +Site (coming soon): https://bogtools.io/ + +ARG Site: https://bogged.finance + +Pancakeswap: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xd7b729ef857aa773f47d37088a1181bb3fbf0099&inputCurrency=BNB + +What does $BOG do? +Each transaction of BOG uses a small amount of the users gas to execute code on the Binance Smart Chain to continue to keep BogTool applications running 24/7. + +The BogTools that have been publicly announced are: - Price Oracles and Historical Price Chart for any BSC token. (Releases in 1 week.) - Limit Sell/Buy on Pancakeswap (Deploys an oracle, or uses an existing oracle, and monitors price and executes a trade if the price is met.) - Whale Auto-Tether (Changing your BNB into BUSD when it detects a whale sending lots of BNB to a Binance wallet.) + +Why is this revolutionary? Nobody before this has figured out how to run code on the blockchain continuously in such a way. The developers themselves don’t even know the kind of tools they’ll be building in a few months for this platform. + +How do BOG holders benefit? The payments for the BogTools are paid in BOG and the majority of the fees will go back to hodlers/stakers. + +Why the ARG? The ARG encourages transactions to be made on the BOG ecosystem. + +This is amazing, and the rapid growth has been intense to watch. I already has a $1.8m marketcap at the moment. + +What do y’all think?? + +*edit-- styling from mobile was off! +Was it all due to speculation and pumping of the price, or was the DAO really that valuable? +Is there something that ETH had back then that they haven't improved upon now or was ETH just extremely over-valued back then? + +Genuinely curious to the economics behind it, if anyone can put forth a discussion or comment upon why i'd be very grateful! +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +I’m pretty sure that they haven’t coverd shit, in fact i think they are more short by now😅 + +I also think the cash infusion back in January was to be able to extend their short position ( kick the can down the road ) and not for covering any shorts. + +If that’s not the case, it cost them ~ 3B$ to cover up 8% of the total shorts of around 130% at that time. And by that sent the share price up 1500%. + +And now the available reports say there is 18% short, so what happend to the other 100% shorts in the past 2 months?😅 + +And i believe melvin capital will be margin called at a share price of about ~ 440$ a share for GME. + +(( Edit )) + +Well this is getting downvotes like crazy😅 maybe this stupid swedish ape finally on too something 🤩😂🦍 +The reason for the rise was because trump surprised everybody saying the US may go back to business as usual in the next week or two. The stimulus package was already priced in. What wasn’t priced in was a much shorter time for the US to be under lockdown. The thing is though the governors will make the decisions in their states and I highly down New York, California etc will go against the advice of doctors and listen to trump because he wants the economy to recover at the price of following medical advice let alone the rest of the world. +Hey all, + +# The Token + +BlowFish has rebranded and set ambitious new goals. + +Check out our website: https://www.blowfish.one/ + +We're now just listed on PancakeSwap. 91 holders. + +# Value + +I'll keep the value proposition short and simple: this is a brand new meme token with a rock bottom market cap (sitting at ~$50k). We have huge upwards potential and a growing strong community. We had a modest presale to raise funds for Pancakeswap liquidity. This was an automated process handled by the DxSale DAO's standard sale. + +Liquidity is locked until June 2022, and the token contract was generated (and still owned) by DXSale. + +NFT's, gacha type games, charity events are part of our potential. + +# Links + +https://www.blowfish.one/ + +Pancakeswap: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xA55BB91dE33B4abdf3aC64913D98A55ad84Dc3A8 + +https://bscscan.com/token/0xa55bb91de33b4abdf3ac64913d98a55ad84dc3a8 + +https://t.me/blowfishtokengroup + +https://twitter.com/blowfishtoken + +https://dxsale.app/app/pages/presale?saleID=12&chain=BSC + +Price chart: https://poocoin.app/tokens/0xA55BB91dE33B4abdf3aC64913D98A55ad84Dc3A8 +This is probably a really stupid question, but can someone explain to me why 1% a day isn’t possible, and actually rather easy? + +Yeah, I know, interest compounds and that would make me a millionaire within a year and a half if I started with $25k, but I just don’t get why it would be difficult. + + +Literally every time I’ve thrown money into some stupid r/wsb or r/penny stocks day trade, the price of the stock has gone, at least some point during that day, above where I bought at. Isnt that all that matters? Can’t I just follow whatever stupid stock is gaining today without looking at fundamentals and then pull out when it gains a few cents (because I have never seen it not, only times I’ve lost is when I was chasing gains, I’ve never tried the 1% thing). Wouldn’t the only thing that matters be that I didn’t buy at the high point? + + +I know I’m wrong but I can’t wrap my head around why +Article from last Saturday 27th + +" Chinese electric car maker Nio plans to enter European markets from the second half of 2021, CEO William Li said at an online conference on Thursday. He also announced the company’s intention to enter other international markets from 2022. + +Analysts suggest that Norway may be the first European market for Nio. The company is quoted on the NYSE, and its stock price is currently at about $43. Nomura analysts predict that it will jump to over $80 within the next few months, if it continues to meet delivery targets." + +[https://cyprus-mail.com/2021/02/27/chinese-nio-electric-cars-europe/](https://cyprus-mail.com/2021/02/27/chinese-nio-electric-cars-europe/) +Good Morning Superstonk! + +Pickle dude here for another exciting day of live charting, streaming etc. + +This morning I have a couple things to actually cover in the intro. + +If our price action continues to improve throughout today and crosses the $200 resistance. I will begin considering that GME has entered Stage A of My predictions for MOASS. + +[3 Stages of MOASS](https://preview.redd.it/zlkuydvravz61.png?width=1218&format=png&auto=webp&s=9ed502e6089d906bc997a2aa94705e3669359de6) + +[From my Exit DD](https://preview.redd.it/idxsnliuavz61.png?width=1225&format=png&auto=webp&s=c203ab7dbf53416516e588d57fe0fd64f9d00c73) + +You can find out more about my [Exit DD Here](https://www.reddit.com/r/Superstonk/comments/n3izjq/another_technical_coloring_book_and_a_note_on/). + +Secondly something I stumbled upon looking into Glacier Capitol. I was immediately suspect when an apartment in Luxembourg was considered verification that they didn't exist (there are lots of 1-2 man/woman hedge funds usually working under a larger fund, like in The Big Short) So I did a little digging and aside from several LLC's being registered under that name in London, Arkansas, and Pennsylvania. I found these 2 things that seemed interesting. As the seemed relevant to the discussion at hand. I'll leave further digging up to the people on this sub that do that best. + +[Interesting that they were Registered 14 days before the action on Jan.28 https:\/\/lu.lei.report\/LEI\/984500BB91F55397AC42](https://preview.redd.it/4c5cju94cvz61.png?width=1304&format=png&auto=webp&s=8dcd677885218a00d07b803cf04307016ac90841) + +I also stumbled on this looking into the US LLC's. Seems like a similarly named LLC bought an Insurance Company with our good buddies over at Susquehanna... + +[https:\/\/www.insurance.pa.gov\/Companies\/IndustryActivity\/BCBS&#37;20Surplus\/ID-RC-18-04.pdf](https://preview.redd.it/yf6f0epucvz61.png?width=1024&format=png&auto=webp&s=6df3576bdfe00e1e52d342a938b701873f00c89c) + +If that's any help to those digging for stuff on this I hope it helps. Maybe look into the panama stuff? Lastly on this subject, never be so dismissive of these things in the world of finance Luxembourg has off-shore money and laundering written all over it. Follow the money. + +I think this warning remains valid this week so I will reiterate it \* + +*As price action picks up today, I may walk away from the reddit post while managing positions, if this is the case you can find me on the stream and discord for a while longer at the links below.* + +If you want to watch along with the daily livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, **157**, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 230, 234, 243, 250, 253, 256 + +*This Post will read from top to bottom, any images over 20 will be deleted as the day progresses.* + +# After Market Wrap + +Exciting day for us to close up only 0.12%, But up is better than down. Expect to read excellent articles tonight as "Gamestop underperforms compared to other meme stocks" "10 reasons GME isn't for long-term investors" etc...you all know what to expect at this point. Thank you all again fo the support and awesome time we have here and over on the stream. See you tomorrow! + +\- Gherkinit + +https://preview.redd.it/449n6fmeqxz61.png?width=721&format=png&auto=webp&s=43ac5631e26ab15ecc5bf82cacd62d0830171506 + +Edit 13 3:52 + +Looks like a close between 182.5 and 185 + +https://preview.redd.it/92984lbmoxz61.png?width=918&format=png&auto=webp&s=ee3ddec03d308362aada4cce570fba0507e471b6 + +Edit 12 3:31 + +Still sitting between 185-189 I hope we get a last 15 min breakout to actually test 190 + +https://preview.redd.it/g71eifuvkxz61.png?width=1141&format=png&auto=webp&s=646c8f1d452b2ff7843231d9cb8c60245f09c01b + +Edit 11 2:39 + +headed back down I think we'll turn around at by that green lower line around 182.5 + +https://preview.redd.it/1moqmj5mbxz61.png?width=878&format=png&auto=webp&s=bd28521a8dc7c30de2ab4d2df4ca7b5794306221 + +Edit 10 2:19 + +Who wants to cross 190? + +https://preview.redd.it/fhfsdc008xz61.png?width=1056&format=png&auto=webp&s=07a6f27de31008da09ba034803906d944fe26821 + +Edit 9 2:04 + +Failed the 185 test but It looks like we are gonna test again after some consolidation. + +https://preview.redd.it/rqa9t3bh5xz61.png?width=806&format=png&auto=webp&s=44ed3afe827ebb80cc88dbc1270bb1f37f1f8ec3 + +Edit 8 1:42 + +Woo!!!! and still looks bullish but be warned volume is still low + +https://preview.redd.it/eylo248i1xz61.png?width=1001&format=png&auto=webp&s=2a1ecd1092605fbca5433aa85191ea0c1f0ed2bb + +Edit 7 1:09 + +Well the bulls tried...Trending back up again. + +https://preview.redd.it/78xg6vomvwz61.png?width=914&format=png&auto=webp&s=32695bec102cd9a5ad06e66802e61e8cc2a62cb5 + +Edit 6 12:35 + +Chop on resistance bulls can use this opportunity to dump volume for a breakthrough as there is less time to respond on short side due to the price being so close. + +https://preview.redd.it/4pbzy8ogpwz61.png?width=981&format=png&auto=webp&s=a9c731a526536f3481d01aba71a743b318e7c616 + +Edit 5:11:29 + +Looks like a triple top if we fail we could have a small dip maybe back to 175. If volume picks up look for a break above 182.5 in order to move higher + +https://preview.redd.it/2wtzcljsdwz61.png?width=794&format=png&auto=webp&s=e2aff5658751ae9b00b8a301d6dd0d5fe3f424e9 + +Edit 4 11:16 + +Where is the mayo + +https://preview.redd.it/3z7efh4gbwz61.png?width=1063&format=png&auto=webp&s=b51ffa1fc3a4f2e303ec2af548a349420f2ce5c8 + +Edit 3 10:26 + +Reverse H&S markets heading back up + +https://preview.redd.it/pzyjcnll2wz61.png?width=1129&format=png&auto=webp&s=45183beaf2690b3b87d5e9b62e5e9b8864c7c407 + +Edit 2 10:00 + +Hard rejection at VWAP this could be the dip ...keep an eye for a low of 165 + +https://preview.redd.it/22sqx9r6yvz61.png?width=1219&format=png&auto=webp&s=0a532cbe2543b873dd0cb00c50139e794c2e4adc + +Edit 1 9:50 + +Dropped below VWAP testing the 170 Resistance 125k shares borrowed right before open. Sitting near 1\* million volume... + +https://preview.redd.it/o6fmqtv6wvz61.png?width=1310&format=png&auto=webp&s=47c52d492cfee46cd72a4d9901ae4ab6e0b71802 + +# Pre-Market Analysis + +Looks like there were a few gap ups in the pre-market, all filled. Most likely bull side as they try to keep the price from dipping below 180 resistance. This looks like they hope to try to push through in the pre-market or at open . so 9:00-9:45 + +[After\/Pre-Market 1M timescale](https://preview.redd.it/p2ujp712evz61.png?width=1173&format=png&auto=webp&s=21c23aeaf64648661be7af438fe6174c1cecc714) + +MACD crossed over as predicted yesterday on the Daily I can see us getting at least a few more days of price improvement in our future at least 4 based on previous patterns as we pick up volume and volatility + +[MACD 1D timescale](https://preview.redd.it/ecxwaixrevz61.png?width=1255&format=png&auto=webp&s=8ba5be1b0bc577869a4f5d978f7e01042b706f66) + +BBKC still looking great. TTM Squeeze now at 13 signals + +No relevant arbitrage occurring on CV VWAP currently. + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +Posting on throwaway, didn't see this asked recently in search before + +Anyone self-manage their investment assets and worry about safeguarding the credentials? Main account is an investment company and while I can ensure all authorized users will follow best practices I would rather not put something like Schwab's security guarantee to the test with 8 figures as an only resort if I don't have to + +From my broker review Schwab appears best in this area even though \~8 years ago they sucked. Any thoughts? Was also looking at Fidelity, IB, and Vanguard. Any insurance options people use here? Umbrella insurance rider or something? TIA +What period in history was the most similar to ours? Chronic low (even negative) interest rates, high stocks, and crazy real estate highs? + +And how did that period ended? +I recently exited my company and benefited from a "large" sum of money (>$10M) . + +I've spoken to various Wealth Managers but am strongly inclined to dollar-cost-average into a 80/20 equity/fixed income mix which would be largely Vanguard based ETFs. + +Questions: + +* Would you let Wealth Managers manage this for you? (fees at ~0.5%) +* If not, at what rate would you buy into the market? +* What would you do with the money that isn't in the market? + +I'm in my early forties, no debt, no children and a low personal burn rate. + +....yes, I fully realize these are "champagne problems", but curious what people would do in this scenario. +I have a portfolio of around 5 crores with this wealth management company. Note that I have already been with them for 15 years. Aside from the regular portfolio performance review, what are some difficult/interesting questions I can ask them when we meet next? +I am originally from a large Canadian city, however I got an offer immediately after graduation in a high paying professional services career (consulting/banking) in the US East Coast. I decided to pick up and make the jump, with no contacts or friends in the new city. I am single and have made a ton of friends through work, but little else. + +A couple years later, I make decent money (mid-100's), and I have been offered a corporate strategy job at FAANG, all the way in SF. I'm pretty burned out from my current job, so FAANG would be more relaxed while still paying well (offer is 150-200k). However, it seems very daunting for me to pick up and move again, have no friends, start all over again, and for what? To sit on my piles of money while my friends back home build families and memories? To move cities again when something better pops up in a few years? In addition, it makes it hard to make any large investments in real-estate because I would essentially be planting my flag for the long term. + +Many days I miss my friends and family, but there is frankly very little opportunity to fatFIRE in Canada, especially in tech. I also don't think professional services is a long term solution, due to the stress and hours. Not sure what advice I'm looking for, but a bit of ranting never hurt anyone ;) Perspectives are much appreciated. + [https://www.cnbc.com/2020/07/30/apple-stock-split-announced.html](https://www.cnbc.com/2020/07/30/apple-stock-split-announced.html) + +&#x200B; + +Going to be a fun month, I can only imagine what will happen once other smaller investors like myself get this information. +There has been months since the BoE started raising rates. The savings rate on my Barclays is 0.1% per annum. + +Currently BoE rate is 1.75%. Does this mean that Barclays is stealing 1.65% from me? :) + +Wondering whether anyone had had their banks raise savings rates yet. +20y is almost at 4.4%! + +I’m considering putting my cash into a 3m treasury (maybe twice, once the first comes to maturity) and picking up some 20y or 30y treasuries with all my cash in 6-8 months. + +Seems like a completely risk free way of increasing your yield by 4-5≈% while using margin allowance to sell options against. + +I understand RHO contributes to options price but interest rates aren’t going to stay high for 20-30y and that cash is just sitting there anyways. + +What’s your treasury cash play / do you have one? + +Great opportunities on the horizon ! +I currently have 4 Airline stocks, that I bought a while ago that I'm currently up about 30-35%. But I wonder if I should take the profit now or continue to hold them long term? For example, in the last month UAL is down 14%. + +With the Delta variant I am concerned about the airline stocks, BUT it is only July, and July/August should be good travel months, and then we get into the holidays. What do you recommend? +Theoretically, if you were guessing you should have a 50/50 chance of being right. So why is it that you see so many more losses than wins? My guess would be psychology. When I was beginning and my trade went into profit I was so anxious to get out before it turned the other way. That way less money is made with a single trade. On the other hand, when it goes into red, you hold on hoping that it turns around, and losses grow bigger. That's my take on it. + +And I know; risk management, stop losses blablabla... But when you're a beginner, it's hard to beat that fear. +Hello Fellow Canadian Investors, + +I just downloaded a list of Canadian Dividend stocks from here:[https://dividendearner.com/canadian-dividend-aristocrats/#Constituents](https://dividendearner.com/canadian-dividend-aristocrats/#Constituents) + +As I look through the list I noticed many of these companies have payout ratios in excess of 100% such as ENB and others (it seems common in the O&G, REIT and utilities sectors). I'm wondering if there is another metric I can use to judge the overall sustainability of their dividends besides payout ratios here? Even Bell and Telus are well over 100% on this ratio. + +If there is another metric I can use to better assess sustainability, are there any resources available to put them into one list on excel? +All right, this will probably be the realest thing I can ever admit to anyone. I am too ashamed to open up to friends or parents and have been here since 2017 so I have always considered this as my outlet. Started late in life (schooling completed in 2011) and moved to the valley in 2017 for a $150k position where I discovered goddamn Robinhood. I've been chasing my losses ever since. + +My total stats: + +2017-2019 Robinhood: -$90k USD ($115k CAD) + +2019-now IBKR: -$74k CAD ($22,852 spent on commissions) + +Current balance (everything I own): $80.82 CAD + +Current loans I owe: $59k CAD + +Not much else to say. From the bottom of my heart, I'm sorry to those I've offended on here. I honestly feel like a piece of shit for not having helped out my family at any point. My Korean mom would probably get a stroke if I told her my losses. I'm glad I tallied everything for one final look. Last post ever from me, not that I am anybody. Just a 38 year old, unemployed, single, loser. Anyways, that's all. Best of luck to everyone chasing their dreams here +Not sure if this is the right place to post, but I figure readers of r/economics would know better than any... + +I recently graduated with a bachelors in Econ & English. I have experience as a computer programmer (not much). I'm 22 years old, and I'm not exactly sure how an econ degree could be put to use in the real world. + +Pretty much anyone I ask says "oh with an econ degree you can pretty much do anything!" And while I appreciate the fact that my options are open, having too many options seem to be just confusing for me. I think my job-searches would be much simpler if I knew exactly what I could be doing with a degree in Econ. + +Thank you for any advice. +All year we have been getting tweets from Ryan Cohen about poo. + +💩 = DUMP = DOOMP +(A double O in English is a U sound) + +The Deep Out Of Money Puts (DOOMP) is the most prominent naked short strategy we are seeing on GME. + +I think RC is trying to urge us to pay attention to the DOOMP cycles. + +Now I don’t know much about the options cycles but u/bobsmith808 is saying that T+2 and C+35 is important. + +Jan 21st was the most recent cycle date and T+2 was big and shocked the markets, VIX went to 39, BTC dropped 25% down to 6month lows of 32k with Stocks hit hard too. Conversely, GME hit resistance after several weeks of losses at a low of 93, after dropping from a high of 250. That’s significant. + +March 1st is C+35. I’m not gonna make any speculations on what might happen. I am convinced however, that this date will also be significant. Dlauer seems to feel next week too and even Elon rejoined the conversation, do we need any more figurehead certainty than that? + +My tits have been jacked for over a year now. With this 💩 realisation and next week dates my tits have suddenly grown hands and they are jacking me off! Let’s fucking gooooo + +Edit 1: Added 💩= Dump = DOOMP + +Edit 2: Corrected to C+35 for calendar days. +All the posts coming out on the number of registered accounts is just the beginning. Imagine where we will be in a week. Two weeks. Three weeks. As the account number goes up, the average holder needs less and less gme for us to own the float. + +Listen and listen close. If DRS is in fact the key to the squeeze we’ve all been waiting for, and based on the rate of accounts being made, something big will happen within the next 30 days. I can’t imagine the fear the SHF are going through as they try to appear strong. I don’t for one second believe they expected this many directed registration. As always, also expect fuckery and crime. + +But what really jacks my tits is the sole fact of how they expect to wiggle out of a scenario where the shares are ripped from their hands and directly registered. We are the catalysts guys. And I have a really hard time understanding how they could possibly win in this reality we’ve created for them, as individual investors of course with no collective motives. + +Edit: I forgot to Mention, DRS if you believe in it. Big or small apes, it all matters. I’m trying to gather some cash to pay for mine, since I’m a Canadian student ape who’s super broke, I have to pay 300$ for the transfer fee. Do what you can. If your able to transfer but your not doing it, this squeeze strays farther from our reach. + +Edit: source for the 250k accounts. + +https://reddit.com/r/Superstonk/comments/ptyxww/speculation_your_computershare_account_tells_you/ +To be precise I went to a certain hospital in the Cali because of my aching shoulder and feels like I dislocated it in a game of hitting balls(baseball). Back to the story went to this certain hospital wanted to be checked just to make sure nothing serious. Fill out certain papers, pointed to emergency room because they can't accomodate me the usual way because I'm not a resident here in the US of A. Waited for a while in the lobby then called out to talk to doctor(prolly intern) and told me they can't do anthing bout it exept that I can take some medication for pain or I can further consult a physician/therapist. She also provided me some list of centers if I want to go for theraphy then after that I got out and I also asked them how much was the visit. The one in the lobby ask for $10 then said to me it was a joke adding out that nothing needs to be paid here. Fast forward two months afterwards(this morning) I received a letter from the hospital with the bill statement from the hospital amounting $4620 called the hospital bout this and was told that it was the billed for the visit I've done two months ago and they told me it was the flat rate of going to the emegency room regardless of doing something or nothing, I said just what the, but they advise me to go back to apply for some sort of medical aid to lower the bill. Anyway I'm asking if just how f*** I am and will it affect my parents in anyway if I decides not to pay it? Forgot to mention that I didn't purchase any insurance or some sort here. +Last year, I asked for your advice regarding my £50 million lottery win: [https://www.reddit.com/r/UKPersonalFinance/comments/88p1i9/won\_the\_lottery\_what\_do/](https://www.reddit.com/r/UKPersonalFinance/comments/88p1i9/won_the_lottery_what_do/) + +I took on board all of your suggestions and this is how they fared. + +&#x200B; + +**Buying the Freddo's Factory** + +Even though it was suggested that buying the Freddo's factory allowed me to control the price, unfortunately public pressure forced a climbdown from 30p to 25p where the RRP has remained. + +Luckily cocoa prices have dropped in USD terms: https://tradingeconomics.com/commodity/cocoa, although GBP weakness offset that. + +I have faith that my hoard of Freddos will become a store of value post-Brexit. + +Taking suggestions for other confectionary investments. + +&#x200B; + +**Waiting for** /u/pflurklurk + +Fuck that guy. Took my money and spent it on blackjack and roulette. + +Didn't even buy me any hookers or coke. + +Last I heard he was paying off gambling debts working as a deckhand on a floating casino in the South China Sea. + +&#x200B; + +Good riddance. + +&#x200B; + +**Opening 58 different bank accounts** + +/u/ukpfaa wisely illustrated the problems I would face - I am not allowed to spend the money, in order to keep it, but also need to not not invest it, otherwise I will have no money. + +I was advised to open 58 different bank accounts, but the assistant I hired defrauded me by buying dozens of phones and putting them into some kind of "locked pot" on some app. + +I have since taken to using these phones as cash, but I never get any change for them, so it is a bit expensive. + +Any options there? + +My Uzbek and Hmong were supplanted by Google Translate. + +&#x200B; + +**Grimsby and Scunthorpe** + +Lol. + +&#x200B; + +**Buying 2,499,999 copies of Tim Hale's Smarter Investing** + +This was actually great! At the time they were worth £20 a copy, but now they are £22.49 each. + +&#x200B; + +Solid returns on my portfolio. + +&#x200B; + +Any other book recommendations after I liquidate some of these copies? + +&#x200B; + +**Buying more tickets** + +The real reason for this update - I spent a lot of it as advised on new tickets. + +&#x200B; + +I've won again - I now have £100 million and am in the same situation as before. + +&#x200B; + +Help me UKPF, what do I do? + +&#x200B; + +AND YES I SAW THE FLOWCHART LAST TIME +I have a large annual leave balance and want to make sure I get the most bang for my buck. + +Would I lose any value if I get paid out my accrued annual leave when i quit, or should I start to cash out my leave before quitting? + +Thank you. +That’s how much I received per month in welfare money for myself and my daughter in 1993. +I remember going into a department store (anyone remember Hill’s?) at Christmastime and seeing a Barbie house that my four year old daughter would have LOVED! A three story townhouse with lights, an elevator, all the bells and whistles. Guess how much it was? +Yup. $274.00. I wasn’t mad that other people could spend the same amount that I was living on per month on a single toy, but I was confused as to HOW they were able to do so. +Everyone I knew was in the same public housing development receiving public assistance. This was before the 1996 welfare reforms, so we didn’t have to do anything to get benefits. I had a genuine “aha”moment in that toy aisle when I realized that I wanted a different narrative. + +That was a long time ago, and I struggled for most of those years, living paycheck to paycheck, relying on credit cards when the money ran out before the next payday came. But today, I spent $430 buying all the gifts on the children’s wishlist of the family I “adopted” for the holidays. I hope they feel that magic in Christmas morning that all kids deserve to feel. +I'll go first: I'm a renter and would like to buy in Sydney + have been hoping/preparing for a little while. Based on current prices and my deposit savings (which sit in a diversified portfolio) I'll need to keep saving for another 6 months or so and prices will need to come down another 5-10% before I can justify jumping in. So for now I'm still thinking, but leaning towards liquidating shares and getting my deposit in a safe cash in a high interest savings account and waiting on the sidelines until it looks like process have bottomed. + +I'm also considering whether some long dated put options on the banks are worthwhile in case things get real nasty. +Looking through here, I've seen many people who have turned hobbies to sustainable and passive income. Starting at day zero, how long did that take? Months? Years? Decades? + +I am soon to be 25 and I’m in a about 5k in debt (hospital,tuition, CC). The military has always been in the back of my mind as a Plan B... the cut off age to enlist is 25 or 26 IIRC. And that’s if I pass the physical test lol. +So apparently, a lot of my friends back in the village are investing (or throwing it away) their hard earned money into this pyramid scheme called My Club Trades. They are promising 1% return everyday or some shyit and many of them are even receiving the promised income regularly. + +How do I convince them that this is possibly a scam, a pyramid scheme in fact, which will eventually wind up and vanish into thin air? Or am I the wrong one here? +In your opinion, at what investment amount or net worth is a fee only financial planner a better investment? +I understand the inherent advantage of impartial advice as opposed to possibly influenced by commission advice but there would be a minimum amount at which the investment into such a planner is worth it i.e. if you are investing INR 1000 a month (random number), would a INR 15k price point be worth it (which is around the minimum charged by such planners). Or do you feel that over time the value of the advice would pay for itself either in terms of difference in selection of financial instruments or lack of commissions or something else. +Any experiences with fee only financial planners? +Has anyone who put their money with Freedom 55 actually retired by age 55? + +I recall when I started working many moons ago the company had a financial advisor that was pushing Freedom 55 (London Life now Canada Life)....I signed up but moved my money a year later cuz I was not satisfied with their performance and a friend of mine passed his financial exam and went with him. (he was slightly better I ended up moving my money once he quit). +So I bought into HCLN when there was all the hype before everything really crashed. The fund has declined 50% and day to day volume is in the hundreds of shares. I’m not the most knowledgeable investor, but over the years have generally managed to make a little money on stocks (typically Canadian blue chips and ETFs). With HCLN, is this sort of small ETF something I should +Just hold, and hope Horizon reallocates the fund down the line into something more profitable? What do these fund managers do with dead ETFs? And I just say it’s dead because the volume is so low for such a small share price, we’re taking only $2000 worth of shares changing hands a day right now. What happens when a fund is dead, can they shift the objectives into something more worthy? +[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://www.reddit.com/r/Superstonk/comments/wedijp/drscomputershare_megathread_082022/) + +>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/) +[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://www.reddit.com/r/Superstonk/comments/wedijp/drscomputershare_megathread_082022/) + +>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/) +Here is the investor quarterly report for 201Q2. They beat expectations. + +https://tesla-cdn.thron.com/delivery/public/document/tesla/915a0dab-11c4-4d81-9526-52995afb67ee/S1dbei4/WEB/TSLA-Q2-2021-Update + +If you want to continue the discussion in this thread, I suggest sorting by new. + +Posted below on Saturday. + +This sub has been very quiet about discussing Tesla lately it seems. Just getting a status update on what everyone thinks may happen this quarter and in the future. + +Just to throw some possibilities around, here are some discussion points. + +What do you expect this quarter? Will it be enough to push Tesla back above $700? + +Will having Bitcoin on the balance sheet have an effect on their quarter? It's dropped some but not that much. It will be slightly negative this quarter, but could bounce back again if Bitcoin runs again. + +How do you think the stock will react if Tesla rolls out Full self driving that can drive people to work? The new subscription model is out, so FSDAAS is now an option, how does that effect their revenue next quarter and long term? How soon do you think FSD rolls out to wide release? It's already looking very impressive, but still needs some fine tuning. Will it be v10 or v11 that is capable? Is the processor enough to handle level 4 driving? What will be needed for level 5 FSD? + +How soon will the Austin and Berlin plants open up to production? Are they duplicating problem solving of the 4680 Model Y line between Texas and Germany? Who is farther along? Is Berlin almost ready to go and just delayed by permit processes? Will the new factories be covered in solar panels? + +What is the going forward plans for letting other auto manufacturers use the Tesla charging network? Elon just mentioned Tesla will allow other EV's to use their network. Will all new chargers be pass through with 300kwh charging? That will be needed for the cybertruck. How big will their charging network need to grow, and how will that effect their revenue? Will they charge more for other manufacturers? How do they set that up? I assume it will be a Tesla adapter you buy that connects to your phone app. + +Will Tesla start manufacturing the semi soon? Do they have enough 4680 cells? Which location will be producing 4680 cells next, and is the final process completed? + +What is the status on the updated cybertruck, and when will it be updated to show any other features? The 8 ton press has not arrived in Texas yet for the cybertruck castings. How far along are the designs for production? + +What grid scale battery projects are they working on now? + +What is delaying the S right now? It's hit pause on deliveries at the moment. Was the plaid fire a cause for concern on the battery? Will the steering yoke affect sales that much? + +Any further updates on the Model 2 and what's the plan for release on a $25k Tesla? How soon will it be debuted and when will it be released? + +What's the plans for AI day? Elon said this month, but will we get an update? How far along is DoJo? Will it speed up training for machine learning? Will it allow for processing far bigger datasets for self-driving? Where is it going to be located? Will Tesla release FSD before DoJo is online? + +How is the chip shortage affecting production? It seems like most Tesla vehicles are sold out through the entire quarter already at all sites. + +What is the options market like for Tesla right now? + +What else do you expect from Tesla and where do you see them later this decade? Can other manufacturers keep up with their battery innovation? The bolt is being recalled for major issues, the Taycan was recalled for firmware updates, Volkswagen is having major software issues, Rivian and Lucid are delayed on deliveries. Will competitors overtake Tesla in EV production this decade? + +Made a couple edits to the post adding a couple other points and fixed grammar and spelling. + +For a base starting point for Monday, here was the electrek article covering the production numbers and previous quarter numbers comparison. + +https://electrek-co.cdn.ampproject.org/c/s/electrek.co/2021/07/26/tesla-tsla-q2-2021-earnings-preview-expectations/amp/ +Paid to hold out hope for my tsla 550 puts this week!!! +Went from almost $75 in value fo almost $2k today. +Sold one around 600, one at 1100, and one around 1600. The last one I foolishly thought we'd see one more leg down to 525 and it ran otm and got away from me. +Lessons learned: I was patient, and got lucky. +I was also too greedy with the last option and missed out on at least a grand. +I was proud of my decision to pay for the trade and eliminate risk by selling my first 550 put in the 560 range, instead of getting too greedy and waiting for a drop that maybe doesn't come. It let me sit back and be a little more patient with the other contracts (too patient with 1). +All in all, I liked my put, it profited,though not perfect execution. So many times I miss that golden window to sell and not get too greedy. +Thoughts or feedback would be great from others. + Reliable independent information in the cryptocurrency market is hard to come by. Despite financial regulators attempts to kill the outlaws and flog the deviants the wild west lives on. The cryptocurrency community is a loyal bunch. + +Bishu or called Black kishu inu with a market cap of 8m and many holders in a few days shows a strong working tokenbase to handle different effects. + +Total supply of: 1,000,000,000,000,000 + +Love is where the community is working together and a community driven one is a showcase for usefull work on the project which means that a team that can handle it together like at this token. + +The smart contract is already looking for an audit to do. + +Bishu is another dog project with a flair on a erc20 base. + +Ecosystem: Uniswap (Eth) + +Token: Black Kishu Inu $Bishu + +Chart Link: [https://www.dextools.io/app/uniswap/pair-explorer/0xfc6f3e19d82868a9386acd23c7118552d04d41e8](https://www.dextools.io/app/uniswap/pair-explorer/0xfc6f3e19d82868a9386acd23c7118552d04d41e8) + +Telegram: [https://t.me/BishuTakeOver](https://t.me/BishuTakeOver) + +Twitter- [https://twitter.com/bishutakeover?s=21](https://twitter.com/bishutakeover?s=21) + +Website: [https://bishuinu.finance/](https://bishuinu.finance/) +I regularly see people on here making $300k, 400k, 600k, 1m+ per year. And there are a lot of you! What in the world do you all do? And how in the world did you get into such high income positions? + +As a background, I am an early 20s PhD student at a high-powered research program in the bay area. The program (science/tech) I am in is easily the top 5 in the world for our field. Yet the outlook for PhD students and postdocs job-wise after leaving our department is nowhere near the numbers i see reported here, maybe at max $200k (if you are very, very, ultra-super duper lucky, hardworking, and smart). I mean the highest i have heard is a guy who went to a high-up position at Google’s research division (after getting some stunning results on a project) and he gets paid like 250-300k. After my PhD (if I finish it) I’ll be positioned to be a data scientist or machine learning engineer if I want, but most of those positions top out at far less than I see reported here for salaries... so I am wondering why I would finish a PhD in a very rigorous program (basically 4 more years having no life and no money) just to go into an area where, even if I was super smart, hard working, and exceptionally lucky, I wouldn’t be earning as much as other people seem to make with [seemingly!!] far less effort. So again my question is, what do you all do? And how do I earn as much as you do? Do you have any actionable advice for a young man in tech looking to maximize his earning potential? + +much love and thanks + +I bank with Wells Fargo and have my all of my life savings in a savings account with them. If there's a recession due to coronavirus, will I always have access to my funds? Should I pull cash out? + +Might seem like a naive question, but I haven't seen anyone talk about it anywhere. Thanks! +I bought my 2019 Hyundai Tucson used 2 years ago at 35k miles. This weekend, at 64k miles, it stalled on the interstate and wouldn’t turn over. No warning lights or issues prior to that. I’ve been told it needs a new engine and quoted $10k (from a mechanic) and $11.5k (from a Hyundai dealership) to replace it. The mechanic said they’ve seen similar issues with other Hyundais (rapid oil consumption followed by engine failure) but that this particular make/model/year hasn’t been under a recall. Since I am the second owner, Hyundai’s warranty is void by about 4K miles. I have an emergency fund, but an $11k emergency wasn’t even in my realm of possibility here, so I’m trying to evaluate my options. The way I see it, I have 4. + +1. Fight Hyundai for a good faith warranty. I’m already pursuing this option and having them run a diagnostic on Monday. If they replace the engine or agree to cover part of the repairs, I repair it and sell it. + +2. Repair the car, then sell it at market value. In this situation, I pay $10k for repairs, pay off the $4.5k loan, and net $2.5k based on KBB/Carvana valuations. Then have the costs associated with buying a new car. + +3. Trade the car. I’m not sure if there is a reliable online buyer that would take a Tucson without an engine, but the mechanic said I could trade it to them for the KBB value minus repairs costs, so waiting for a quote from them. I have similar costs/net with this option, depending on the exact quote from the mechanic. + +4. Don’t repair, sit on the vehicle and hope Hyundai issues a recall in the next couple years. They’ve already recalled the same year, same engine for other models. The mechanic seemed confident one is forthcoming for the Tucson, but obviously no one can guarantee this. In this situation, I have a lot more upfront costs (down payment on a new car + loan payoff) and am banking on the car not depreciating more the $10k before Hyundai issues a recall. And if they don’t, I’m banking on engine prices stabilizing as more used Hyundai engines become available. According to the dealership and mechanic, supply issues are driving up the parts cost right now, which is why the quote is so high. + +I’ve talked this over with my family and friends and experienced mechanics and experienced car owners and everyone seems to have a different opinion. The one thing everyone agrees on is that I need a new car. So I’m coming here for some sane third party advice on my best path forward given the situation. +I’ve noticed that I would see a stock going up and then get in on the game only for it to just dip literally right after I buy it. I do it because I fear missing out on the gains. + +I’m also afraid to buy the dips because I’m afraid that it’ll keep going lower since even large companies have gone down and taken years to pop back up again. +So this is sort of (ok, mostly) a brag post, but I just checked Mint and noticed that [I finally cracked $100,000 net worth!](http://i.imgur.com/LkDcBNr.png) What's more, it happened exactly five years after I started getting serious and tracking my finances. This is kind of a milestone for me, because I didn't come from a rich family, and I started out with thousands in student loans (though not as bad as some folks) and very little assets (the starting $1,500 was my guess of what my crappy car was worth). + +There isn't any magic secret here, but if you just keep saving / investing, you *will* see growth over time. A few tips, most of which are pretty much standard advice in /r/personalfinance: + +* Wherever possible, set up automatic savings, so it comes out of your paycheck and you never have the chance to see that money and spend it. I can't stress how key this is for me. I try to set it up so I always feel "poor" in that after I pay all the bills, my checking account balance is a little bit tight. It encourages me not to waste money on nonsense, and if I have to transfer from savings for a big purchase, it makes me stop and think about it more. + +* Invest in low-cost index funds. If you're unsure where to get started, check out the resources in the sidebar, or [the Bogleheads wiki.](http://www.bogleheads.org/wiki/Bogleheads%C2%AE_investing_start-up_kit) If you're totally clueless, the [Vanguard Target Date Funds](https://retirementplans.vanguard.com/ekit/pmed/trf/index.html) are a very sensible and easy place to put your money for now, while you learn more about investing. + +* Change jobs to get raises. Maybe in the olden days you could stay put at one company and get promoted with a big raise, but I've found my good raises come when I move companies. I usually stay at one place long enough to learn some new things and take on more responsibility with a fancier title, and then I use that as leverage to get a new job with pay fitting the title. I started out working in a callcenter answering tech support calls for $33k/year, and I'm now a software engineer making $75k. (Edit: The intermediate step was teaching myself programming and then doing QA for a software company) + +Edit: Added some more information about investing, I shouldn't have acted like it was super obvious. It gets talked about over and over here, but it's always new to somebody. Also, because several people have asked, I am 29 years old, I do have a bachelors degree, but I majored in biology with a math minor. I didn't study computer science in college. + +Edit2: A lot of people have been asking about how I made the transition from helpdesk to software dev. I wrote about that [a bit here](http://www.reddit.com/r/personalfinance/comments/2us5o5/this_advice_really_works_five_years_12000_to/cob8nrx): + +> I would suggest not applying directly for software engineer jobs, but for something closely related. In my case, after doing phone tech support, I taught myself some programming and got a job as a "test engineer" (sometimes also listed as "QA Engineer") for a company that builds web applications. Then, I was able to demonstrate my abilities by automating large parts of the testing process: bringing up virtual machines, automating browser interactions with Selenium, etc. + +> After about a year and a half, they had a software engineer opening, and I applied. It was probably the easiest interview I'd ever done, because I'd already been working directly with those people, they knew me and they knew what I could do. + +If you're looking to learn to code, [there are great resources here.](http://programming-motherfucker.com/become.html) I started off with Python, which I still think is a great language for beginners, but if you want something that is immediately marketable, JavaScript is probably the way to go these days. +I stumbled across [this article](https://www.investopedia.com/articles/trading/09/incorporate-active-trading.asp) yesterday and it makes it seem like a no brainer as an investor. Sure, there are up front costs and annual expenses but there appear to be a number of significant advantages. You don’t need to be trading actively (I’m a long term hold investor) but you receive similar tax benefits to active trader status and it opens you up to new tax strategies that you don’t have as an individual investor. It appears to be better for passing down generational wealth and offer a number of other benefits that could make your money more difficult for creditors to access in case of bankruptcy/court proceedings. + +How common is this strategy among fatfire folks? Many of you are entrepreneurs - do you trade through your/a separate company? Same question for non-entrepreneurs - did you establish a corp to invest through? +Can anyone who’s experienced malevolent jealously from other people please describe: + +1) how did the jealousy manifest itself? +2) what steps did you take to resolve it? +3) what you have learned from it and what would you have done differently if you’d had the chance? + +I’m close to fatFIRE within about 12 months. + +I have been advised by my wife who has wealthy family members to be very careful. + +She has said trusted people around me might end up giving me deliberately bad advice so that I fall on my face. Friends will become bitter enemies and that they will spend hours wondering what the best way will be to separate me from my money. + +According to her, from what she has seen happen to her family members, jealousy is not being envious of another’s fortune. Instead it’s a feeling that you don’t want someone to get ahead of you and will do anything to bring them to a lower level than you. And this could come from other family members and best friends. + +I’d be grateful for any advice on how to deal with the inevitable blowback of fatFIRE ing +*I'm doing a series of posts about the shaky foundations of major Australian coal power stations, the renewals behemoth PowAR plotting to replace them and the impact on ASX listed electricity companies.* + +1. [*Yallourn Power Station \[Victoria - 1480 MW\]*](https://www.reddit.com/r/ASX_Bets/comments/o8mdc5/an_overanalysis_of_yallourn_power_station/?utm_source=share&utm_medium=web2x&context=3) *<- YOU ARE HERE* +2. [*Vales Point B Power Station \[New South Wales - 1320 MW\]*](https://www.reddit.com/r/ASX_Bets/comments/o9wehg/an_overanalysis_of_vales_point_b_power_station/?utm_source=share&utm_medium=web2x&context=3) +3. [*Callide C Power Station \[Queensland - 840 MW\]*](https://www.reddit.com/r/ASX_Bets/comments/obc3ll/an_overanalysis_of_callide_c_power_station/?utm_source=share&utm_medium=web2x&context=3) +4. *Powering Australian Renewables Fund (PowAR)* + +# Flooded Mine, Idle Plant + +Yallourn Power Station is a brown coal power station in Victoria that's been in the news because the coal mine that feeds the power plant is [at risk of flooding](https://www.abc.net.au/news/2021-06-18/scramble-to-solve-yallourn-mine-flooding-threat/100226204). + +Based on information available from [AEMO](https://aemo.com.au/), Yallourn needs a electricity spot price of about ***$56 per MWh*** to make the repairs to the mine worthwhile (since the plant is only scheduled to operate till [2028](https://www.abc.net.au/news/2021-03-10/yallourn-power-station-early-closure/13233274)). In June 2021, the [ASX Energy Futures](https://www.asxenergy.com.au/futures_au) market indicates that average electricity spot price in Victoria till 2024 will be about ***$46 per MWh***; it's been below $46 per MWh for most of 2021 and 2020. + +# Ok... so what? + +*Electricity generation is a zero sum game and the coal power plants in Australia are basically in a fight to the death with each other. When a power plant closes it means all the remaining power plants make more money since the supply of electricity is reduced.* + +So, the total or partial loss of Yallourn Power Station will cause electricity prices to rise on the National Electricity Market (NEM), particularly for Victoria and South Australia. + +Most generators on the NEM would be winners but [AGL](https://www2.asx.com.au/markets/company/agl) would be the biggest winner. This is because AGL owns the nearby [Loy Yang A Power Station](https://en.wikipedia.org/wiki/Loy_Yang_Power_Station) as well as other big, high-margin coal power stations in NSW. When Hazelwood Power Station shut down 2017, AGL had some it's most profitable years. + +AGL also owns the Loy Yang coal mine which could be used to keep Yallourn going at partial capacity and protect jobs. + +# How can you be so sure Yallourn is in trouble? + +I can't be sure - this is just a bunch of reasonable assumptions + +The main reason why Yallourn won't make it to 2028 is that the capital $$ required to repair the mine wall will not survive a Net Present Value (NPV) analysis because: + +**1. Actual generation at Yallourn Power Station has been declining year after year since 2015-16.** + +The brown coal power stations in the Latrobe valley have high fixed costs and low fuel costs so it's really important that these plants generate 80%+ of their max capacity. Yallourn will only manage to generate 70% of it's max capacity in 2020-21 whereas Loy Yang A will manage to get up to 85%. Yallourn hasn't achieved 80%+ since 2017. + +https://preview.redd.it/eywq2mguap771.png?width=708&format=png&auto=webp&s=e9e19f2a6b26d498e62cbd17ab76b910c4fd15ce + +**2. Closing Yallourn increases earnings from other power stations owned by the same company.** + +Yallourn power station is owned and operated by [EnergyAustralia](https://en.wikipedia.org/wiki/EnergyAustralia), which also owns [Mount Piper Power Station](https://en.wikipedia.org/wiki/Mount_Piper_Power_Station) as well as some smaller gas peaking plants in NSW and SA. These are much newer plants and has enjoyed high earnings due to higher spot prices caused by Yallourn outage. Basically, if you are EnergyAustralia, you have to make sure repairing Yallourn will also cover the money lost at your other power stations. + +https://preview.redd.it/egwea1cc8p771.png?width=929&format=png&auto=webp&s=1048dc5e642e5ef31a93dcd94f4be6396acb8b69 + +**3. Financing will be difficult and expensive due to low electricity prices and high emissions.** + +Coal projects all around Australia have [not been able to get financing](https://www.smh.com.au/business/companies/coal-plant-owner-alinta-calls-for-canberra-to-step-in-as-banks-retreat-20210610-p57zxq.html) for plant repairs and upgrades. This means that the 'discounting' (cost of taking the risk) applied to the mine repair will be higher than other projects in the power industry. + +https://preview.redd.it/hq9e4uxt6p771.png?width=1266&format=png&auto=webp&s=4fc0ec63a65d86ebdea0cccc118bf1ddad62fce1 + +# End Game + +So where to from here for Yallourn? + +The mine wall will be stabilized but more spending will be needed to fix the issue permanently, the company will not be willing to spend the money for the reasons above. + +EnergyAustralia will probably reduce the capacity of Yallourn Power Station to 740MW from 1480MW. This will allow them to keep it running for another year or 2 by mining unthreatened parts of the Yallourn mine and maybe even buy some coal from AGL's Loy Yang mine 30 mins away. + +# Ok, so what do I do to profit? + +I'm still setting the scene and trying to give examples of the type of risks that exists in big engineering operations, so stay with me! + +I'll do posts about "New" AGL, AXL, ORG, AST and SKI soon. + +# Why did you do this... ? + +*Mostly because I spent a lot of time detangling the power industry and wanted to document it somewhere! I decided to post here instead of LinkedIn because it would probably be more fun.* + +*I also wrote this up because electricity stocks on the ASX are complex, with a lot of history and moving parts. To make matters worse, I think analysts do a terrible job of covering any heavy engineering business. So hopefully these write up will help you make sense of the electricity industry if you are looking to invest.* +It is basic but i wonder what is the popular mature responsible approach. + +You bought your stock for (say) 170, you sold CC, got the premium, then stock is sharply down to 160. (say we talk very short DTE of 2-5 days) + +Now you can : + +1. Wait till it is back close enough to 170 to sell a new CC. +2. Sell now a new CC for 170 for a premium *that is so small not worth your time.* +3. Take a risk and sell for (say) 165, get a medium premium, and roll(?) if stock approaches 165. +4. do not play these games, invest in ETF :) +The most common practice I hear people use is 45 DTE I’m curious what time frames y’all find the most success with. Personally I’ve found I do much better playing weeklies. I’m very rarely assigned on 5 DTE csp contracts vs 45 DTE. If I am assigned by writing a 5 DTE cc at the next strike above my csp assignment price my assignment rate vs 45 DTE is quite high which I again find to be more profitable as it forces my hand into consistent profitable “swing trades” + premiums. In addition should a 5 DTE move heavily against me I can often roll the position to a 45 DTE at which point I often have the option to btc at a profit. + +Just curious how everyone else is running there wheel. Fingers crossed for what ever reason luck, intuition, or refining my strategy… the above system has left me at 100% profitable trades for the past year. Granted not huge return, but damn are they consistent! +I own a 4-plex and I received an email from our property management company today asking if I can approve a tree cutting service ($2,800) to take care of some trees that are over hanging the roof and parking lot. Turns out the tree is on the neighbors property and they're refusing to trim it. My property manager has provided them proof from the city and the title company but they are saying that isn’t sufficient. + +I don't want to have a liability of a limb falling, but I also don't want to pay $2,800 for someone else's tree that needs to be trimmed! + +Any recommendations on how to handle this? + + +Edit: The property is located in California. +Was curious if anyone has any tips or tricks they can share when visiting new sub-markets for the first time for the purpose of due-diligencing an investment. On that first 48 hour fly in & out trip, how do you spend your time? I'm thinking more about small multifamily/office/retail than SFH. + +There are a few activities I can think of such as: + +\- Recording the address / contact information of similar properties to contact for rental comps, or just buzzing the super to get tours + +\- Recording the location of any vacant land or construction sites to get an understanding of what product is coming online in the future + +\- People watching during rush hours to see if people in the neighbourhood actually go to work + +\- Talking to local store owners about their impressions of the neighbourhood (and more importantly their complaints) + +Anyone have any additional recommendations? +Hi all, wanted to pick some brains here on a deal. + +~2,000 sqft 3/2 in a nicer neighborhood in my town (Houston, TX). Went to see the house today and it was DISGUSTING, one of the worst I've seen, dog urine throughout, carpet with God knows what on it, horders, etc. needs new practically everything (roof, maybe foundation, windows, plumbing, electrical, let's just say everything). + + I'm estimating all told with contingency 90k. +Purchase price 100k (they are asking 160k but if someone buys it for that they are crazy). + +Arv ~215k +Rent comps ~1,950 / month 10 Dom. +With a 150k loan I'd have ~45k in the deal and $300 cash flow / month all told. +That's 8% / year CoC but seems like a lot of work... + +This something y'all would avoid or go for? +My wife and I entered a contract in April 2020 to purchase our first home, a 2 bedroom with an office 1,660 sqft condo, for $275k. Due to some constraints with the HOA, the bank required us to have over 20% down on the unit. I know someone will ask and the issue was a single entity owned more than 20% of the units in the HOA and since we weren’t buying the unit from the single entity, we had to get a non-conforming loan which ended up being a 5/5 ARM at 3.625%. We were finally able to close on the unit in April 2021 with 25% down so our loan amount ended up being around $206k. + +Since signing the contract in April 2020, our unit has appreciated to around $400k. We live in a city about an hour from Seattle and the market has been booming as people in the tech space are rapidly switching to a work from home lifestyle. I make good money (>$300k per year) as I own my own consulting business and work from home also. This unit was part of our “5 year” plan, but with a 6-month old, that plan may get shortened to 2-3 years. So we’ll be looking for a SFH for ourselves in the next year or so. We don’t have any other debt besides the mortgage and have about $200k in the bank as “liquid savings”. + +I want to do a cash out refi and use the cash to purchase our first rental with cash and then refi that unit rolling the cash into a second unit. We plan to keep the current condo as an investment property when we move to a single family home. + +Good plan or not? Additionally, I can’t find any properties locally where I love the numbers. What are your thoughts about looking out of state? +Welcome to the **/r/CryptoMarkets** Monthly Discussion thread. 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/). + - If you are using RES, please click the subscribe button for the comment section to be notified when new comments are posted. + - Follow the golden rule and be excellent to each other. + + *** + + Thank you in advance for your participation. Enjoy! +The earning potential of software engineers is widely recognised on this sub, but what about the other disciplines? + +I'm an electrical engineer working for a big firm 3 years removed from university and I'm on £34k, wondering how this compares to others to get an idea of my market value. + +More experienced engineers, how does potential look further down the line? Do you consider the field to be well/underpaid? +Hi people of UKPF, + +To keep this short and to the point - I don't tick any of the boxes for requiring a TV License: + +\- I don't watch any live TV on my TV + +\- I don't download or watch any BBC programmes on demand, including BBC Iplayer + +I have a TV on which I use Netflix, Youtube, Amazon Prime video and I'm a heavy gamer so that's what I tend to do when I'm at home. + +I have even filled out the no TV License required form. Yet I keep getting letters from them claiming investigations etc. I just received one today with the first line in block red saying; "Be prepared for this investigation to lead to prosecution." + +Do I have any legal options here or do I just file away these letters and don't let the attending "officer" into my house? + +Any suggestions will be welcome! - Thanks in advance! +Spoilers; there is no floor. + +How can there be? Begin at the beginning; why would you say that the price of one share of GME will reach a price of millions of USD? And if not that, of hundreds of thousands? Or tens of thousands? Or thousands? + +Because retail individuals owns the float. Because hedgefunds must cover. Right? And, because retail individuals will probably sell on the way down. + +So, while the price is on the way up, there is little selling pressure (as compared to the humongous buying pressure of hedgefunds), and so the price will keep going up. + +Of course, many people will paperhand on the way up, upon reaching these tens of millions that we speak of, perhaps to cover their costs, but most retail individuals will at the very least keep a sizeable portion of their shares to sell on the way down. + +So, eventually, the price will continue to go up. + +And remember; a floor is reached on the way down. + +So this whole 'selling on the way down', 'selling at a floor'... Won't ever happen. + +Now combine that with more and more retail individuals saying 'I won't sell one share, ever', 'I won't ever sell 20% of my shares', 'I will only ever sell one share', et cetera. Explicit words given to the implicit scenario I outlined above. + +Not only will the price go up again if most retail individuals are waiting on the price to go down before selling - many retail individuals are explicitly saying that they simply won't sell a portion of their shares. + +Therefore, I believe an amount of shares greater than the float is simply not for sale. Because it is explicitly committed to the so-called infinity pool. And because, even if not that, it is committed to be sold on the way down. But how can there be a way down - again, there will be paperhanding at e.g. ten million that will make the price lose some momentum, but the price must go back up again, because hedgefunds must buy, buy, buy, to cover. + +The price will go up again. Because hedgefunds will still need to cover. + +So you only ever need to sell one share for whatever amount you like. Billions, in my case, so that I can better the world, and everyone in it. + +There is an additional benefit here; by pretending you only have one share, you gain peace of mind, not needing to worry about tax rates or calculations such as 'but if I sell a hundred shares now for thirty million I could have three billion'. Just pick a high number and wait. + +The only way out, then, is for the USA to simply step in and manipulate the market. Which can happen! But that would also see the USA losing its geopolitical status as a superpower. Because the EU will want to protect its investors. Because China would like the Yuan to be the world's reserve currency. Because Russia would like to trade oil in Rubbles. And so on. If the USA doesn't let this play out, the world will turn on the USA. + +If the USA does let this play out... At least it will get tax money back, money that is as of now locked up in offshore accounts where it will never reach the USA. The USA will get a massive 'kickstart' into its economy, which would be handy during a time of (hyper)inflation. + +(by popular request, my go-to copy-paste for the past few days is now a thread) +I ran away from an abusive home 4 years ago, and for my own mental health cut all ties with my mother. My older brother (who lives quite far away) called me 8 weeks ago in a panic because she'd sent him a suicide note that indicated that she was offing herself and blamed my 14 year old brother for her mental state. Once he got a hold of her, she tells him that she's decided not to off herself after all, and has instead told my young brother to leave her house and never return. +I searched for him for hours, finally finding him at a mall in the area wandering around, so I took him home and he's been with me since. Steps are being taken to terminate parental rights and give me full custody. + +I work a hard manual labor job, making $17.50/hr 50hrs/wk. When I was responsible for only myself, this was plenty for me to live on and save some up, but my savings were recently decimated by a shady roommate who broke our lease contract, left significant damage to the property, made my dog very sick, and refused to pay the bills. All told, between the vet bills and angry ex-landlord, about $5,000...**poof** + +So of course life throws me the craziest curveball of all - a teenager. +To be clear, I love this kid and I will fight for him til the day I die. He's seen some shit, and I'm dedicated to giving him the start I never got. But Jesus Christ he eats like a horse with 3 empty stomachs! And apparently, family law lawyers have bills to pay too. +The financial side of having a teenager has blindsided me in a big way, and I'd love some solid advice right now. I hadn't been stuck in a paycheck-to-paycheck situation in 2 years and now I'm barely making it to Friday every week. + +So, basics first, HOW DOES ANYONE AFFORD TO FEED A TEENAGER?! +Is it even possible to climb out of this horrible gutwrenching "waiting on payday" cycle without somehow finding a shiny new, miraculously better-paying job? +I'm so sorry if this isn't the right subreddit, but I thought I'd ask here since this is the Hugest stressor in my life right now and I don't know of any other place to get financial advice without (ironically) paying through the nose. + + +EDIT: +Thanks everybody who has been awesome and actually read my whole post! The outpouring of support and information has just been incredible and overwhelming. I've received a ton of really helpful tips for getting my food spending & other bills under control, and I'm so optimistic that that will help me get my feet back under me. + +Thanks redditors, you're amazing. I wish I could hug you all. + +EDIT2: For those of you who are experiencing a similar situation, there's a wonderful lady who blogs about her experience and started a FB community page as well. Her blog is called sibs raising sibs. For me, it was great to see that I'm not walking this path alone. + + +[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!* +Looking at apartments to buy, currently renting spending about 30% of after tax pay. This seems to be the golden rule of the maximum you should spend on housing. I have saved a deposit, and been pre approved for loan. However if I take out the amount approved it would mean repayments would be about 39% of after tax pay. And if bank interests rates were to rise to 7% repayments would be 48% after tax pay. This seems too high. Do you have any suggestions, I would like to buy a property but not be under finical stress? +I've seen a LOT of speculation on multiple subreddits about RC's current involvement in BBBY. Some of the most common (and I believe, misguided) is the speculation that he intends to use GME to acquire BBBY. I believe that this narrative is copium for BBBY holders (of which I am one), and low-key FUD for GME holders. + +&#x200B; + +Here's my Saturday morning opinion dump for anyone who cares to read it. + +&#x200B; + +**RC and BBBY** + +While RC's main focus is his working as Chairman of the Board with GME, he is also a venture capitalist with a ton of good business sense and a massive pile of capital. I truly believe that BBBY was a side quest for him. He saw a profitable company (BABY) wrapped up inside a dying company (BBBY) run by corrupt executives who were bilking the shareholders for cash while letting their investment burn to the ground. + +&#x200B; + +I truly believe that RC has a love for good businesses, and good business practices. These values were instilled in him by his father. He saw an opportunity to rescue a decent business with a lot of potential, so he used some of his capital and connections to do a good thing. His letter to the board suggested spinning BABY off or selling it. He may or may not have been involved with the entity that would have purchased it. I admit that when the news came out that he had sold his position in BBBY, I bought the narrative that it was because he was involved in whatever entity would be purchasing BABY, and he had to sell his stake in order to avoid a conflict of interest. + +&#x200B; + +However, when BBBY released their [August 18th 8k](https://bedbathandbeyond.gcs-web.com/node/16356/html) there was some wording that made me wonder if RC was still truly involved. + +&#x200B; + +From the 8K: + +*"We* ***were*** *pleased to have reached a constructive agreement with RC Ventures in March* *and* ***are*** *committed to maximizing value for all shareholders. We are continuing to execute on our priorities to enhance liquidity, make strategic changes and improve operations to win back customers, and drive cost efficiencies; all to restore our company to its heritage as the best destination for the home, for all stakeholders."* + +&#x200B; + +Something about the use of the past tense "We **were** pleased to have reached a constructive agreement with RC Ventures in March" stood out to me. This reads as if they had reached some kind of agreement in March (no specifics about what was actually agreed upon), but nothing about any agreement moving forward. + +&#x200B; + +I tried to shrug it off, but it did eat at me for a while. However, I decided to wait and see what they would reveal in their August 31 statement. + +&#x200B; + +The statement on August 31 made it very clear that BBBY intends to retain the BABY banner. Meaning, they are not doing what RC suggested in his letter that they do. Which, I believe was his only reason for taking a position and cleaning up the board to begin with. + +&#x200B; + +It is is my non-professional opinion that Ryan Cohen, being a lover of good business and delighting customers, saw an opportunity to make another business great. Being the business king that he is, he knew that he couldn't do it himself while focusing on GameStop, so he sent some trusted professionals to attempt to implement his plan. Ultimately, BBBY opted to retain the more profitable arm of their company and try to turn the whole thing around. RC's plan was ultimately not embraced, so he exited his position and moved on. + +&#x200B; + +**GME and BBBY** + +I have seen a LOT of speculation about GME acquiring BBBY. Most of that speculation has to do with people daydreaming about RC coming for Jeff Bezos by beating him at his own game. While I think that's not necessarily out of the realm of possibilities, I honestly don't believe that they would start diversifying in to other niche businesses this early on. + +&#x200B; + +RC and the entire board at GME have been hard at work and hyper focused on turning the once-dying brick and mortar company in to a massive tech giant. I truly believe that once their intended transformation is complete, they will revolutionize the digital space in ways that most people today cannot comprehend. The potential for NFT and blockchain technology to touch and benefit almost every space in our economy is enormous. This is a huge undertaking, and I believe that GME is up to the task. But it is going to take a lot of time, effort, and money to make this happen. + +&#x200B; + +I am old enough to remember when Amazon was just books. Literally just. books. They sold books and only books for YEARS, while establishing themselves as a household name. Eventually, they began to add CD's and such. The rest is history. But they started with a singular focus and didn't branch out until they had been successful with just books. + +&#x200B; + +GME also has a lot of artificially bad PR to contend with. MSM has been working around the clock for almost two years to make not just the stock, but the entire company look like a joke. Despite fantastic fundamentals, MSM still insists on labeling GME a "meme stock". That doesn't affect those of us who are loyal shareholders. We know that GME is a fantastically undervalued company with amazing growth potential, no matter what label the media slaps on it. But in order to grow in to the giant tech company they intend to become, they have to win the hearts of more than just the apes. + +&#x200B; + +They also have to work against the "NFTs are just overpriced JPEGs" narrative. They don't have to work too hard, because their product will prove itself once it is implemented to scale. But currently, social sentiment around GameStop is that it is a junk company with a junk stock. The average person doesn't understand what is going on behind the scenes, and they believe whatever MSM tells them. + +&#x200B; + +I believe that acquiring a completely unrelated company (home goods OR baby products) at this stage of GME's company turnaround would be too costly, too far-fetched from the current business model they are building(at this stage of the game), and generate even more negative sentiment from the media if they attach themselves to another actual "meme stock". + +&#x200B; + +GME doesn't need BBBY. GME doesn't need BABY. If they were truly trying to build an empire to rival Amazon, would they not also need to go back and get Chewy back from Petsmart? + +&#x200B; + +No. I believe that RC's primary focus is turning GME in to a tech giant. He doesn't need to come for Amazon, because GME will eclipse Amazon one day without buying up other stores. + +&#x200B; + +RC just saw an opportunity to make a business better, and he decided to use his smarts and his cash to take a stab at it. It just didn't work out. + +&#x200B; + +I still believe that BBBY has decent squeeze potential. I still hold a position for now. But I don't believe that RC is involved anymore. + +&#x200B; + +Enjoy your weekend, everyone. And always, BUY, HOLD, DRS. +CeBioLabs + + +Our ICO will End Tomorrow !!! + + +A Blockchain-based Technical Ecosystem for the Global Cannabis and CBD Markets. + + +// BitForex Listing Confirmed + + +// P2PB2B Listing Confirmed + + +// Listed on CoinMarketCap + + +// Reviewed by Authorities + + +// Audited by German Law Firm regarding Regulatory Issues + + +Our ICO is Live: + + +\- Stage 1: Aug 1st – Aug 15th + \- Stage 2: Aug 15th – Sept 5th + \- Stage 3: Sept 5th – Sept 26th + + +LAST WEEK JUST STARTED!! + + +\* WEBSITE: https://cebiolabs.io +\* ICO Details: https://cebiolabs.io/ico-details +\* JOIN ICO: https://cebiolabs.io/ico/register + + +Listed on Coinmarketcap: https://coinmarketcap.com/currencies/cebiolabs/ + + +What Is Cebiolabs ? + + +CeBioLabs (CBSL) is a utility token to link blockchain technology to CBD and cannabis market players. The CBSL token will take over the B2B payment functions as a main part of the following systems: + + +\* CeBioLabs SCM: Blockchain-based supply chain management system for cannabis and CBD products +\* CBSL Marketplace: (Decentralized) Marketplace for CBD and Cannabis products and rights +\* Blockchain-based Certificate of Authenticity platform for CBD and cannabis laboratory analysis + + +Producers of cannabis and CBD products, traders and other stakeholders can use our paid blockchain-based systems. Companies can only pay the user fees for the innovative systems and solutions in CBSL tokens. This exclusivity is further reinforced by the global orientation of the solutions and makes the CBSL token the focus of activities. + + +The CBSL token also has real benefits for private investors. The holders of CBSL tokens will be offered exclusive benefits in the numerous planned e-commerce projects. These can be discounts, free product samples or participation in exclusive events. + + +A legal self-assessment in the form of an expert opinion was prepared for the CBSL token by a renowned law firm from Hamburg. This was submitted to the Federal Financial Supervisory Authority for review. + + +Why is CBSL Different? + + +\- Registered German startup +\- Regulatory verified token +\- Legal Audit was drawn up +\- Backed by 3 companies +\- Company with real earnings +\- Team of numerous experts +\- Huge new market + + +Useful Links: + + +\* Website: https://cebiolabs.io +\* TG: CeBioLabs +\* Twitter: cebiolabs + + +Token Details: + + +Our ICO will End Tomorrow !!! + + +\* Token: CeBioLabs +\* Ticker: CBSL +\* Total Supply: 100,000,000 +\* Industry: Technology +\* Features: Buybacks & Burns +\* Network: Binance Smart Chain + + +Verified Contract: https://bscscan.com/token/0xbfb8f92e8f3a9034019ac97fd9f85c6dfb513834 +First of all the usual: + +I bring you PAWS token. Check it out and DYOR. + +&#x200B; + +4% Redistribution + +🐶 4% Liquidity Pool + +🔑 Presale: 75B PAWS / per BNB + +🗝 PancakeSwap: PAWS + +💰Softcap : 50 BNB + +💰Hardcap : 500 BNB + +&#x200B; + +📅 Presale Date : April 23, 4:00AM UTC + +&#x200B; + +🐶 Website: [https://animaladoptionadvocacy.com](https://animaladoptionadvocacy.com) + +&#x200B; + +🐶Audit: [https://animaladoptionadvocacy.com/wp-content/uploads/2021/04/Audit\_04\_12\_SWILSON-FF.pdf](https://animaladoptionadvocacy.com/wp-content/uploads/2021/04/Audit_04_12_SWILSON-FF.pdf) + +&#x200B; + +🐶 Whitepaper: [https://animaladoptionadvocacy.com/wp-content/uploads/2021/04/Whitepaper\_content\_SWILSON-FF.pdf](https://animaladoptionadvocacy.com/wp-content/uploads/2021/04/Whitepaper_content_SWILSON-FF.pdf) + +&#x200B; + +🐶 Instagram: [www.Instagram.com/pawsteamofficial](https://www.Instagram.com/pawsteamofficial) + +&#x200B; + +🐶 Twitter: [https://mobile.twitter.com/pawsofficial1](https://mobile.twitter.com/pawsofficial1) + +&#x200B; + +🐶Telegram: + +[https://t.me/PawsOfficial](https://t.me/PawsOfficial) + +&#x200B; + +🐶: + +[https://dxsale.app/app/pages/defipresale?saleID=1401&chain=BSC](https://dxsale.app/app/pages/defipresale?saleID=1401&chain=BSC) + +Now some analysis: + +PROS: + +1. Clearly very professional - they registered a business, have a 30+ whitepaper that is full of useful information. +2. Is one of the many pet charities project but with an actual ecosystem in the works, not only manual donations. +3. Not really possible to scam/rug since they doxed themselves with the business registration. +4. The presale is still live! All these shitcoins come here to shill after the presale so you buy their bags, now's the chance to be early. + +CONS: + +1. No working product yet, might take a while to create the app/wallets etc. + +Good luck out there +If you had $1M to invest strictly in dividend yielding companies, what would that portfolio look like for you? + +I took a stab at one looking at companies with a market cap >$10B, P/E over 0, and a dividend yield of at least 5%. Here's what I came up with, hitting a ~6.9% dividend yield: + +**Ticker**|**Price**|**Shares**|**Total Value**|**Dividend Yield**|**Annual Income**| +:--|:--|:--|--:|:--|--:| +RDS-A|$71.32|1400|$99,848.00|5.31%|$5,301.93| +T|$32.29|3000|$96,870.00|6.22%|$6,025.31| +HSBC|$47.36|2000|$94,720.00|5.33%|$5,048.58| +PM|$82.43|1100|$90,673.00|5.55%|$5,032.35| +GSK|$41.36|2300|$95,128.00|5.29%|$5,032.27| +VOD|$25.17|4000|$100,680.00|7.10%|$7,148.28| +F|$11.32|8000|$90,560.00|5.36%|$4,854.02| +CTL|$20.06|4900|$98,294.00|10.86%|$10,674.73| +BX|$35.03|2800|$98,084.00|6.21%|$6,091.02| +IEP|$74.00|1300|$96,200.00|9.47%|$9,110.14| +NLY|$10.52|3700|$38,924.00|11.46%|$4,460.69| +**Totals:**|||**$999,981.00**||**$68,779.31**| + + +It's got a little diversity, but could probably use some more. What would you change? +**SOME PERSONAL WORDS FIRST** + +Note: My first language is Swiss German so there might be a lot of typos and grammatical and maybe also semantic mistakes in this post. + +Also I initially wrote ATS instead of OTC. My brain just thought "3 letter abbrevation" so yeah.. + +I don't want to scream "forum sliding". Maybe it's just natural trends that come and go. I think though that it is important to shed light again on what I think to be the most important things of all: Naked short selling and the FTD that it brings. As Dr. Trimbath said, there would be no need for any other regulations if FTDs were simply forbidden. Since it automaticly would solve the whole problem of naked short selling as all those trades would have to be reversed. + +There is a lot of talk about dark pools. Idk why. Dark pools are nothing "sensitive" to talk about. It's not a controvercial topic. It is literally an integral part of the market. I'm not talking about the activities or the problems that it brings. I'm just talking about their existence. Also it seems that Superstonk just loves to take the words of u/dlauer and throw them straight into the trash can, since people here STILL love to just use the term "dark pools" when they in fact talk about OTC trading: IT. IS. NOT. THE. SAME! + +OTC internalized trading is where retail trades are internalized (by Citadel and such) and is different from a dark pool. OTC is where the whole thing of PFOF comes to play. It is not something illegal (maybe it should be but that's not the point). It's like saying: "Look, we found the existence of Liquor Stores! Hah! Let's point fingers at those stores so people finally wake up and see that they exist!" Well no shit they exist. + +\------------------------------------------------------------------------- + +**PRELUDE** + +You know what does exist, that the industry very much doesn't want to acknowledge and has somehow died on here too? Naked shorts. That's where the whole problem is burried. + +Since I live in Europe my NYSE traded GME shares have to be held by a custodian. This custodian is chosen as a partner by my broker. In fact there might be several entities in this whole chain known as a "custody chain". The shares aren't held directly in my name. They can't be, since I'm not a US citizen. So someone has to do that instead of me. I'm the "UBO" or "ultimate benificial owner" of the share so I'm still the one that has the voting rights and the rights to recieve dividends; it's just a little more complicated than if you'd live in the US. + +What has this got to do with GME? Well I wanted to know what custodian my broker (Degiro) picked as their partner to hold their shares, so that I could do some back ground checking on them. So I asked Degiro and here is their reply: + +&#x200B; + +[Translation: They use Morgan Stanley as their custodian](https://preview.redd.it/zuljfsdk4ph71.png?width=1479&format=png&auto=webp&s=07813e44af5912e03829dec98c9e61dab514b685) + +&#x200B; + +Thanks to atobitt's HoC DD I know where to look for the FINRA reports I read them and this is a part that seemed rather shady but hey: Aren't they all shady? + +&#x200B; + +[From: https:\/\/files.brokercheck.finra.org\/firm\/firm\_8209.pdf PAGE 53](https://preview.redd.it/07flcmbbyoh71.png?width=859&format=png&auto=webp&s=8c3ed4810116f76d30c5b181a0dd3bf02cbb198a) + +Degiro also has a pretty shady part in their terms and conditions: + +&#x200B; + +[Translation: In case that the held shares aren't around anymore \(for what ever reason\), the deficit of the missing shares is passed on to the customers and divided in proportion to the size of the position each customer holds \(and yes this also holds true for the Custudy-Account type where they're not supposed to lend your shares\).](https://preview.redd.it/eiosudy35ph71.png?width=658&format=png&auto=webp&s=f506e1a1ce62d5c4b1a593f68bb360f4020eff53) + +So I thought maybe I could transfer some of my shares from Degiro (or Morgan Stanley, since they're the custodian) to my local bank. Of course they also have to be partnering with a custodian too. So I walked into my bank and told them that I was interrested in maybe transfering some shares but wanted to ask some questions first. They set up a meeting right away (it's actually a credit union, they're awesome when it comes to this). They got me the head private financial advisor of the local union. He really wanted to help me but it turned out that he doesn't really know that much abount international market trading since this is a very small credit union and they let UBS handle their stock market trades (oof). He told me I should send them a list of questions and that they would forward them to get the answers that I was seeking. So I did just that and I asked about who they use as a custodian and who would have to hold the bag in a situation of when the custodian would default on his obligation to deliver the shares in case when I want to sell during MOASS. These are the replies: + +&#x200B; + +[Translation: They partner with UBS which then in turn most of the times uses Citibank as custodian](https://preview.redd.it/a7zkt64q0ph71.png?width=1729&format=png&auto=webp&s=e8995308131ada8b46bafcf63c98c17b4fffe10b) + +[Translation: In case of a default the party that defaulted has to pay up. It can't be passed on to the owner of the share.](https://preview.redd.it/w2ktkr860ph71.png?width=1765&format=png&auto=webp&s=3a3dbbabf3c2485f50d25048402c7b9b86c2d20d) + +That's a little better than what Degiro does. So I initiated a transfer of some shares, eventhough Citibank is a pos institution too. I will explain why in the following part. + +\----------------------------------------------------------------------------------------- + +**MAIN PART** + +NAKED SHORT SELLING TO YOUR OWN CUSTOMERS + +So I then went on to do a back ground check on Citibank and oh our dear u/atobitt has already done that in his HoC, so here is a quote which he has gotten from this FINRA filing [https://files.brokercheck.finra.org/firm/firm\_7059.pdf](https://files.brokercheck.finra.org/firm/firm_7059.pdf) + +Citigroup Global Markets | Disclosure 11 – “THE FIRMS TRADING PLATFORM FAILED TO RECOGNIZE THAT THE FIRM WAS SELLING SHORT WHEN IT WAS ACTING AS THE CONTRA PARTY TO A CUSTOMER TRADE. AS A RESULT, THE FIRM ERRONEOUSLY REPORTED SHORT SALES TO A FINRA TRADE REPORTING FACILITY AS LONG SALES… EFFECTING SHORT SALES FROM ITS OWN ACCOUNT WITHOUT BORROWING THE SECURITY…” + +a. $225,000 FINE + +Citigroup Global Markets | Disclosure 60 – “…THE FIRM RECORDED 203,653 SHORT SALE EXECUTIONS ON ITS BOOKS AND RECORDS AS LONG SALES, SUBMITTED INACCURATE ORDER ORIGINATION CODES AND ACCOUNT TYPE CODES TO THE AUDIT TRAIL SYSTEM FOR APPROXIMATELY 2,775,338 ORDERS… “ + +a. $300,000 FINE + +Citigroup Global Markets | Disclosure 77 – “…FAILED TO PROPERLY MARK APPROXIMATELY 9,717,875 SALE ORDERS AS SHORT SALES… FINDINGS ALSO ESTIMATED THAT THE FIRM ENTERED 55 MILLION ORDERS INTO THE NASDAQ MARKET CENTER THAT IT FAILED TO CORRECTLY INDICATE AS SHORT SALES…” + +a. $2,250,000 FINE + +&#x200B; + +\-------------------------------------------------------------------------- + +**TLDR / DISCUSSION**: + +So do you see it? Do you see why naked short selling is such an incredibly important topic? They freaking sell shares naked to their own customers. This is evidence of Citibank doing it so just imagine what Citadel will do in their OTC trading! They are the designated market maker for GME. They can literally satisfy all the retail buy orders with naked sales so that they never see the market. They take the contra party to those trades. The OTC interanlized trading of Citadel is the perfect opportunity to naked sell. Sure they have to report volume and the price of the transaction but it doesn't show who were the parties in those trades. That is the issue here. It is all internalized. We can't prove that those transactions are naked short sellings bc it might as well be 2 retail trades (one sell, one buy) that could have taken place. You can't tell one from the other. THAT'S why OTC trading (and not dark pools) are so dangerous. They literally use the buying pressure as a way to introduce more naked shorts. + +EDIT: Wrote ATS instead of OTC +So I just turned 31, I have around $150k invested in broad market ETFs, and that represents about 3x my annual salary. + +My portfolio is sitting at about break even currently, and I have about 25% cash to average in at lower prices. + +That said, even though I don't need the money any time soon, every thing I see tells me this market is going lower. + +A part of me wants to make a hero call and sell while I'm still in the green, then buy lower. That said, I know timing the market rarely works out. + +I'm less scared of losing money than I am of the feeling that I bought at a bad time, and I'm convinced better prices are coming in the next 6-12 months. + +I've been in the market for a while and I've seen the V shape recoveries, but every single time it was because the Fed came in to support. I don't think that will happen any time soon, so why not pull out and buy back in DCA style 10-30% lower? Or literally wait until the Fed uturns then go back in all at once? + +Even if I only save 10-15% downside, that's some pretty good alpha and I'd be happy knowing I beat the market. + +Thoughts? +Hello today I waited 4 hours continuously being told my flight was delayed until they eventually told me it was canceled at which point I spent another 4 hours waiting in line at the service counter to be told that there is no refunds and they have already rebooked my flight at a different airport 3 days from now. I don’t need this flight they booked me and I don’t need travel points for a future flight. The person at the kiosk told me that I could call JetBlue but they will only give me travel points for the future at most. I called my credit card company and they told me they’ll open a dispute if a refund is not issued within 10 days. I just want my money back, my trip is ruined, is there anybody who has any experience with something like this and can maybe tell me what I should do next? + +Edit: to add to this I did have a whole trip planned with an Airbnb and theme park tickets already booked. We had a whole group of us going together and we were all given different flight times at different airports later this week. I genuinely can’t believe this is even legal. + +Edit again: turns out it may not be that legal lmao +My husband and I hit financial rock bottom a few years ago, and after a lot of struggle and stress we're doing much better now. I feel like I still have PTSD about financial situations, even though we can pay our bills and we're no longer in danger of losing our rental house. Any time an unexpected expense pops up or something ends up being more expensive that anticipated, I have to sit quietly for a while and remind myself that we're all right. + +So, even though we are indeed all right, I remember people who used those platitudes to try to cheer us up. Even now, if something surprises me financially and I'm having to go through my expenses and reassure myself that it's still all good, there sometimes is someone who tries to look on the Sunny Side and say, 'Money isn't everything!' + +When I hear those stupid sayings, my thinking is the same now as it was then: It may not be everything, but without it everything else suffers and I'm currently suffering. 'Money can't buy you happiness!' - No, but the ability to pay bills and not worry about how you're going to eat and where you're going to live certainly can influence how happy one is. 'The best things in life are free!' - Yes, my loving husband is truly valuable, but you know what else is worth a lot? Knowing that your life is stable. + +I was thinking about this because it's the time of year when one tends to talk to family and old friends one doesn't see often - except at the holidays - and when they ask, 'So how are you all doing these days?' and if you're honest you say, 'well, we're going through some financial troubles...' please know that if someone tries to make you feel better with a stupid saying - it's perfectly ok if you think they're full of crap. I even give you permission to tell them 'you know, you're full of crap,' if it makes you feel better and you don't mind losing that person for a while. + +Anyhow, enough of this PSA. And now we go back to your regularly scheduled Reddit feed. +These past months I've been researching how blockchains work and every day I learn something new and realize more how little I know how everything really works. + +I mean sure, most of us know the basics: + +* BTC is a store of value +* ETH has a shit ton of use cases and a massive ecosystem +* DeFi is the future +* Putting money in crypto long term is better than let my money rot away in a savings account +* Staking is good long term + +But how many of us really know the IT side of how the blockchain works. + +I bet lots of us have questions like: + +¿Why am I earning APY for staking? ¿How the fuck does a validator node validate? ¿How is a block created? ¿Why are blockchains so secure and hard to hack? ¿How do you REALLY know something is decentralized? + +I'll be honest, I don't fully understand any of these concepts. + +Many of these things I don't know because of lack of research and I ain't the brightest fella of the __block__. + +**TL;DR** : Am I the only one that finds how blockchains truly work hard to understand? Or am I not alone? +News all High Tide investors have been waiting for today + +&#x200B; + +https://preview.redd.it/h6chs7cd9yo61.png?width=1864&format=png&auto=webp&s=df691b36c99e7ae5dde10e485b2410f3f34adeaf + + CALGARY, AB, March 24, 2021 /CNW/ - High Tide Inc. ("**High Tide**" or the "**Company**") (TSXV: HITI) (OTCQB: HITIF) (FRA: 2LY), a retail-focused cannabis corporation enhanced by the manufacturing and distribution of consumption accessories, is pleased to announce that it has completed the acquisition (the "**Acquisition**") of Smoke Cartel Inc. ("**Smoke Cartel**") (OTCQB: SMKC) and now operates both the largest and second largest e-commerce platforms for consumption accessories in the world1 with a combined total of 33 million site visits in 2020. As a result of the acquisition, High Tide has considerably expanded its footprint in the United States market, and is very enthusiastic about its position to begin online cannabis sales should the United States move forward with federal legalization. + +"The acquisition of Smoke Cartel is part of our strategy to aggressively pursue M&A targets that can be immediately accretive to shareholders. Now that the transaction has closed, High Tide will move quickly to take advantage of Smoke Cartel's proprietary and licensable drop-shipping technology to enhance all our e-commerce businesses and further drive vertical integration across all accessory business lines, while continuing to make progress on our application to list on the Nasdaq," said Raj Grover, President and Chief Executive Officer of High Tide. "This deal immediately gives High Tide access to Smoke Cartel's 550,000 customers, driving more sales opportunities and increased profit margin," added Mr. Grover. + +The Acquisition was completed pursuant to the terms of the definitive agreement (the "**Acquisition Agreement**") previously announced by the Company on January 25, 2021. High Tide acquired all of the issued and outstanding shares of Smoke Cartel ("**SC Shares**") for US$8.0 Million, implying an approximate value of US$0.31 per SC Share. + +The consideration was comprised of: (i) 9,540,754 common shares of High Tide (the "**HT Shares**"), having an aggregate value of US$6.0 Million with each HT Share priced at the 10-day volume weighted average price of the HT Shares on the TSX Venture Exchange immediately prior to the closing of the Acquisition (the "**Share Consideration**"); and (ii) US$2.0 Million in cash (the "**Cash Consideration**"). As a result of U.S. securities law considerations and negotiations between the parties, certain Smoke Cartel significant shareholders have agreed to allow the Cash Consideration to be allocated first to Smoke Cartel's shareholders generally, who were paid fully in cash, using all or a portion of the Cash Consideration. + +Pursuant to the Acquisition Agreement, 25% of the Share Consideration has been placed in escrow for a period of 12 months from Closing. + +In connection with the Acquisition, High Tide is excited to announce that Sean Geng, Founder and CTO of Smoke Cartel, has joined the High Tide team as Chief Technology Officer to oversee all IT and e-commerce initiatives for High Tide globally. + +The Acquisition is an arm's length transaction pursuant to applicable regulatory policies. + +\+++ + +I will cover all of the details of this in a video later today. Some pretty important considerations from this. + +Expect more good news from the company this week too... +[CoinTelegraph](https://cointelegraph.com/news/sbf-tried-to-destabilize-crypto-market-to-save-ftx-report) published an article about CZ confronting SBF in a Signal group chat. The messages occurred on November 10, which is the night FTX went to hell. + +CZ reportedly told SBF to 'stop trying to depeg stablecoins'. The stablecoin in question was Tether. CZ accused Alameda Research (FTX's hedge fund) of trying to destablize USDT with a $250k trade (such a weak amount lol).  + +And according to the [New York Times,](https://www.nytimes.com/2022/12/09/technology/ftx-text-messages.html) SBF met with a high-level corporate Tether official in the Bahamas before he struck a deal with Binance. The objective of that conversation was to ask for billions in funding to save FTX. + +How does this keep getting worse? +I've been buying since 2017 and have mostly HODL'ed, cashing out a couple tiny amounts, but putting most of it back. I've been offered the opportunity to borrow against it from my exchange but declined. I looked into lending but heard borrowers can and do default, and figured borrowers who borrow bitcoin likely do so because they get turned down from banks, and so I decided to not risk it. So I mostly just sit on it. + +What do you do? +I swear almost every day I see some article about how BB has gotten some award or recognition for its software. Then there's the Amazon/IVY contract which will surely bring revenue. Also talk that their software will be used for drones. What that means, I don't know- sounds like money though! Oh, almost forgot, partnership with Bidu for driving software in China. None of this seems to make the stock move. + +I don't get it. It's maddening. You have stupid news like SPCE announcing a "flight window" for their overpriced "space flights" and the stock moves like crazy. You have partnerships with legit, in Amazon case, trillion dollar company, and the stock sits right at $10. + +What's it going to take for this thing to start moving? It's absolutely infuriating. +Regular lurker here but this is a throwaway account for privacy reasons. Also, English is not my first language. + +Between mid-2012 and early 2013, I was lucky and forward-thinking enough to have bought around 200 BTC. Fast forward today, my investment of less than $6,000 is now worth around 1,8 million dollars (on paper and before taxes, considering both BTC & BCH). + +Nobody knows this, including my wife, and I'm thinking about telling her. It's an insane amount for sure, but perhaps still not life-changing or enough to live off interest: we are in our mid-thirties and we don't own a house yet (we rent and we are planning to buy one for around $300k-$350k), married since 3 years, one kid. We both work, I'm self-employed in marketing ($30k-$50k/year, highly variable) and she is an employee ($25k/year, stable). Ironically and due to poor money management, we don't have much savings in fiat and we live paycheck to paycheck. + +My main concerns are: + +* job: while I love my job, she does not enjoy hers. After knowing, she might want to quit her job. Possible outcome: BTC crashes to $1,000 or less and we end up in a worse situation; + +* divorce: our relationship is great and everything, but let's be pragmatic here, could she obtain those assets in case of divorce? + +* selling: she's not tech savvy at all and perhaps she would be more willing to sell some to buy the house in cash, but I think it would be better to have a mortgage anyway and see how it goes. + +I'd love to hear your thoughts and suggestions, mainly from people who went through similar situations, how your partner reacted and how it went, because while this is absolutely awesome, I'm very aware that if not properly planned, it can lead to issues. +boycott in 3 2 1... + +edit: number of upvotes*price of iphone= $1400000+ +Hey Apple a million dollars here, a million dollars there, pretty soon were talking about real money! +I recently discovered OptionNetExplorer (ONE) a desktop app that allows you to step through historical option chain data in 5 minute increments. + +To do this, you must have your brokerage software running while ONE is open, and jt fetches the data from your broker. In my case this is TDAmeritrade's ThinkOrSwim app. + +What I'd like to do is either + +a) fetch historical data from TDA in the same way that ONE does. Are there API calls I can use for this? + +OR + +b) 'sniff the wire' while the ONE software is fetching the data, so I can copy and store it. I tried using the tool, 'Charles Proxy' , to see my internet traffic, but I don't see the options data coming through. Are there better tools? + +Any suggestions on how to proceed? +Tongue in cheek title... + +But seriously pay into your workplace pension; don't think about opting out of it apart from exceptional circumstances. + +(More info about why, when, where, and how much to contribute can be found in the wiki and plenty other posts around here. That's not what this post is about.) + +To illustrate the benefit of contributing to a workplace pension, I would like to use myself as an example. + +So I just did a cleanup of my finances and did some calculations... + +Over my short working life, I have paid in a total of £8424.90 into pension myself (salary sacrifice). + +With employer contribution (only 2% - 5%) plus stock market returns (up and down...) , it is now sitting at £14717.88. + +**That's a ~75% return on investment so far**, before you even take into account the fact that my contributions are before taxes, but let's not complicate it. (The reality is actually a much higher percentage due to tax efficiency (20/40%), employer NI, savings to employee NI and student loan.) + +I'm sure many here have way higher %, but this is just my example ;) + +I've always known it was a good deal, even with my pitiful employer matching, but never expected those % numbers. +(updated 1/6/21) + +**HIGH TIDE (ticker: HITI on Nasdaq)** +**GLOBAL CANNABIS RETAIL & ECOMMERCE EMPIRE** +**THC, CBD, & Accessories** + +**INVESTOR DECK** (updated 12/6/21): https://hightideinc.com/presentation + +**Undervalued, hidden GEM w/ visionary CEO, team, and a smart/unique strategy/plan built on a rapidly expanding a global digital footprint vs purely a B&M geographic one** + +**POWDER KEG. Only 51.5M share float = RAPID upside moves when sentiment towards the sector shifts back to positive** + +**HITI Barnacles Hold Tight**: https://i.imgur.com/RrzFm50.jpg. +Why do we call ourselves "barnacles?" We live in tide pools, we hold rocks (& shares) tight, and we're HARDENED. Sharks and Whales can't eat barnacles. The smartest barnacles attach themselves to whales for a ride up. + +**MUST WATCH 11/29/21 Raj Interview on the Dales Report**: https://www.youtube.com/watch?v=dwOykKxkWPo + +----- + +**GLOBAL THC + CBD + ACCESSORIES STRATEGY** + +CannaCabana.com #1 in Canada for THC, CBD, & Accessories w/ 105 stores + +BlessedCBD #1 in UK, just announced delivery to Germany, USA, Italy, & France. European takeover imminent. + +NuLeaf (just acquired!) & FabCBD are both top CBD brands in the USA. 70%+ margins on these CBD businesses. + +Meanwhile, GrassCity.com, SmokeCartel.com, DailyHighClub.com, & DankStop.com are most of the top accessory websites in the world getting 100M visits in 2020, so the 2021 # should be big. $HITI has ~3M High Lifetime Value customers (who bought pipes, bongs, vapes, dab rigs, etc) in a list segmented by US state, so they could do a partnership with a (NY for example) MSO to add a "Buy Weed" button in any state. + +----- + +**2021 Recap** + +https://hightideinc.com/high-tide-recaps-milestones-of-2021/ + +- Nasdaq uplist. 4 new analysts +- Opened 48 stores. Total now 105. 150 by EOY '22 +- Accretive M&A of 3 Accessory biz & 3 CBD biz +- Club membership is booming w/ new discount model +- Q4 & Q1 ER will update projections +- 2 new initiatives coming + +----- + +**OVERVIEW** + +**1) FINANCIALS**. + +A) Q3 ER $48M revenue BEAT expectations. + +B) ~240M (USD) market cap when the price is $4.25/share (USD). + +C) Q4 ER will be around late January -- 90 days after Q4 ended on 10/31/21. + +D) After Q4 & Q1 ER, the projected revenue should be updated to ~250-300M (USD) in 2022 with a reach goal of $420M (USD) with more M&A and possible USA partnerships. + +E) Rapid expansion of stores (~105 EOY '21; ~150 EOY '22; 200 EOY '23) and M&A now = Big Net Profits later + +**2) NON-DILUTIVE FINANCING (NDF)** = $25M secured. Ability to negotiate more NDF grows as the consensus EBITDA projections grow + +**3) ANALYSTS** (5 of 6!) w/ BUY RATINGS. +ATB, Echelon were the first two analysts to issue BUY ratings. They were joined by ROTH & Desjardins a few months ago. Beacon Securities recently initiated coverage and on 11/22 Cantor Fitzgerald initiated coverage with a HOLD rating preferring the underperforming/underwhelming (soon to be 40% Couche-Tard owned) F&F instead (oops!). It's not just about the "BUY" ratings and the PTs -- these analysts host "roadshows" (giving them access to Raj, the team, and the facilities) and distribute their in-depth reports to all their institutional clients. + +**4) M&A** targets are always in a loaded deal pipeline. Negotiated several accretive deals on CBD & Accessory businesses to round out their diverse THC, CBD, & Accessory cannabis biz ecosystem: + +**ACCESSORIES** +1) www.GrassCity.com. +2) www.SmokeCartel.com. +3) www.DailyHighClub.com. +4) www.DankStop.com + +**CBD** +1) www.FabCBD.com. +2) www.BlessedCBD.co.uk. +3) www.NuLeafNaturals.com (acquired 11/22) + +**5) ETFs** (6) hold & add. MJ ETF has accumulated 3.5M+ shares in a few months, so they own 6% of the float. + +**6) INSTITUTIONS** went from 0 to ~30 institutions in just a few quarters. Institutional ownership went up 420% from Q2 to Q3 with way more Calls than Puts. New institutions quietly buying in Q4 will be revealed mid-Feb. Full Analysis: https://stocktwits.com/MungyboyStocks/message/407651499 (Institutional Ownership %) & https://stocktwits.com/MungyboyStocks/message/407648466 (Calls/Puts) + + +**7) VALUATION**. Undervalued. ~1.5x P/S compared to other retailers like Dollarama at 5 P/S+ and LPs at 10+ P/S. NASDAQ-listed Canadian LPs are unprofitable cash-burning machines, powered by dilution & delusion. MSOS can't as much institutional love stuck on the OTC. + + + +----- + +**RAJ IS A SELF-MADE (BEAST) CEO** + +Raj is the biggest shareholder (~6.5M!) and has never sold a share. + +He started this company with $40k and one store and grew it into the empire you see today. And he isn't slowing down. + +He wasn't handed millions which he squandered paying themselves and their friends first or expanding too much too fast. + +He is shrewd. Smart. Strategic. Charismatic. Transparent. And he does whatever he says he is going to do, when he says he is going to do it. + +That's rare. + +You bet on visionary leaders like that. + +That's why there are 4-5x as many watchers on StockTwits than any USA MSO. + +The passion we feel is contagious. It's only a matter of time before more institutions and retail investors realize what we already did and trust Raj to take us to the promised land. + + +----- + +**NULEAF NATURALS ACQUISITION SIGNIFICANCE** + +https://hightideinc.com/high-tide-continues-expansion-into-global-cbd-market-with-acquisition-of-colorado-based-nuleaf-naturals/ + +Located in Denver CO, NuLeaf Naturals is one of the top CBD brands in the USA in terms of CBD-blend research & IP, rapid growth, and industry-leading margins. $16M of the ~$20M revenue is direct-to-consumer, but the expanding agreement with Sprouts will allow for wider B&M retail distribution. + +It's notable that their facility is cGMP certified. It can generate up to 60,000 vegan soft-gels per hour, which is 25% of their business. Production of FabCBD and BlessedCBD will be moved to the facility for cost savings. + +Once USA legalization allows, High Tide hinted that this facility could also create THC infused edibles and drinks. + + +----- + + + +**DISCOUNT CLUB MODEL STRATEGY** + +https://hightideinc.com/high-tide-becomes-north-americas-first-cannabis-discount-club-retailer-with-over-245000-members/ (now 360K members as of the 1/6 PR with an estimated 70-90K+ members going to be added every quarter) + +DATA DRIVEN decision based on successful pilot programs + +Membership in this loyalty program is FREE ...for now. Every person who walks into a Canna Cabana sees a high cost for non-members, and a discounted cost for members. When they realize signing up for FREE with their email address and phone # (SMS) makes them a MEMBER of the CABANA CLUB, they will do so in order to save money on that purchase and future purchases. + +Stores are stocked w/ HIGH MARGIN products like consumption accessories, FabCBD & Blessed CBD, (soon) house brands of shatter & gummies -- with other form factors later. + +Anecdotal reports/reviews of lines out the door are a sign this strategy is working. + +**This is a DATA and MARKET SHARE grab from other retailers and the black market by running them out of business.** + + + + +----- + + +**NON-DILUTIVE FINANCING VIRTUOUS CYCLE** + +https://hightideinc.com/high-tide-secures-non-dilutive-credit-facility-with-atb-financial/ + +25M non dilutive bank financing secured + +~20M in cash on hand + +(40M ATM offering can be used at higher prices, which gives them flexibility if there is a bigger deal too good to pass up.) + +That is a nice war chest to begin to ramp up from 100 to 200 stores AND do some more M&A + +Projected revenue then goes up + +Analysts' PTs forced to go up based on updated models + +Which allows High Tide to secure more NDF based on consensus EBITDA run rate + +Repeat virtuous cycle until 200 stores + +Repeat virtuous cycle until World Domination + + + +----- + +**FASTENDR (acquired 1/5/21) HOT TAKE** + +https://hightideinc.com/high-tide-to-acquire-fastendr-retail-kiosk-and-smart-locker-technology-through-acquisition-of-bud-room-inc/ + +Watch Video +https://www.youtube.com/watch?v=7oTvTrTSnn4 + +Discount model is causing long lines out the door. Taking a page from leading retailers in other sectors, this allows customers to order online or at a kiosk, and pick up from a "smart" locker. For those customers who know what they want and don't need the budtender's guidance, this is a slick convenience. Very few dispensaries in the world have this experience. + +Also mentioned in the PR is the desire to license this tech to other dispensaries and industries which could turn into yet another revenue stream. + +Delivery will be made available in as many location as allowed by law, but this offers a fast, convenient, slick way of ordering / picking up. It also cuts down on $$$ spent on budtenders while keeping lines moving. + +*With plans to expand in Europe, I could envision a smaller "Bud Room" store concept that almost feels like a vending machine. While not discussed in the press release, the stigma of cannabis still exists worldwide, so some might be turned off by the idea of being seen in line waiting at a dispensary. Side benefit worth mentioning.* + +**Overall, while this will increase profitability, this changes the perception of the company stock to THC + CBD + Accessories + *Data&Tech* -- which should help command higher multiples.** + + +----- + + +**CATALYSTS** Barnacles like to see develop + +**A) NON-DILUTIVE FINANCING**. Allows rapid expansion without just issuing shares. + +**B) NEW DISCOUNT CLUB MODEL + PRIVATE LABEL LAUNCH**. 2.0 products (launching soon!) & CBD will mega-boost margins. + +**C) FUNDAMENTALS** improving through rapid store opening&maturation and M&A aligned w/ eCommerce domination STRATEGY. ~3M high lifetime value customer emails + data + social across USA = most valuable asset + +**D) LEGALIZATION** "working-on-it" headlines sparking another forward-looking cannabis sector bull run. Most institutions can't invest in USA MSOs stuck on the OTC (likely several more mo), so they invest in NASDAQ companies w/ higher valuations. And we all know HITI's superior fundamentals, valuation, & profit projections stack up very well vs LPs & comps + +**E) MORE ANALYSTS & INSTITUTIONAL INVESTORS** + +**F) NARRATIVE shift from LP to RETAIL.** See: https://www.youtube.com/watch?v=KSdyhx11iJM + +**G) USA STRATEGIC PARTNERSHIP.** Read: +https://mjbizdaily.com/how-canadian-cannabis-retailer-high-tide-plans-to-enter-united-states/ + +----- + +**BEAR CASE** + +Check out AlexM's video +https://www.youtube.com/watch?v=gkthZBd59TY. +He does an amazing job covering major High Tide events and his bear case video is no exception. + +My hot take on saturation / competition concerns... + +People worried about "saturation" don't get that big boys like High Tide are the ones that will benefit in the long run. Mom & Pops will get run out of business due to margin pressure. Meanwhile High Tide uses their position to negotiate better prices, which only serves to accelerate this process. Then High Tide gets to buy the best locations based on data while letting the underperformers close their doors. + +Coffee shops close. Starbucks gets bigger/stronger. + +Department stores close. Target gets bigger/stronger. + +Taking pages from the playbooks of Amazon, Walmart, Costco, and Grocery Stores is how you win this Retail game. + +**High Tide is engaging in a price war it knows it can win.** + + +----- + +**GROWTH > STAGNATION** + +The entire cannabis sector is in rapid growth mode. Top operators do all they can to expand their geographic footprint. They use cash, loans, and shares to buy & build assets that allow them to sell cannabis in as many locations as possible. + +(High Tide's strategy is unique because they have been more focused on expanding their DIGITAL footprint, but I've covered the brilliance of that strategy in other posts.) + +The reason they are all expanding this quickly is because they are confident the demand will continue we to rise and those assets will be worth far more in the future. Frankly, if they don't expand into X state, their competition will. + +What if High Tide never bought META or any of these profitable eCommerce CBD & Accessory biz. High Tide would be net profitable with 30ish locations, and Raj could still own 51% of the shares. + +No "dilution" (yay!?), BUT... + +No Growth. No World Domination. No Nasdaq. No institutions. No '20-'21 stock price boom. + +GROWTH is better than Stagnation + +----- + + +**COMMANDING ECOMM RETAILER MULTIPLES** + +High margin private label THC (edibles, shatter -- later flower, vape, etc) & FabCBD.com / BlessedCBD / NuLeaf a big reason High Tide is projected to be net profitable in 2022. + +When High Tide... +A) Sells the most Accessories & CBD worldwide. + +B) Owns multiple businesses in the USA. + +C) Sells cannabis data. + +D) Produces/creates THC edible, vape, & flower brands. + +E) Provides accessories to dispensaries across multiple states. + +F) PARTNERS WITH STATE OPERATORS TO GIVE THEM ACCESS TO SELL THC TO THEIR ~3M+ HIGH LIFETIME VALUE CANNABIS CONSUMERS(!!) + +...is it still considered "just a Canadian Cannabis Retailer" ??? + +It's all about flippening the LP vs Retail narrative and COMMANDING NASDAQ-listed NET PROFITABLE GLOBAL / MULTI-STATE USA ECOMM RETAILER TECH MULTIPLES + +Diverse income streams and a nimble plan makes HITI DANGEROUS in any scenario + + + +----- + + +**WORLD DOMINATION or BIG TIME BUY OUT** + +I play a lot of chess so I apologize for the chess analogy + +High Tide is a "passed p@wn" -- www.chess.com/terms/passed-pawn + +Meaning, they have advanced the p@wn aggressively down the board and are heading for the opponent's back rank. If they get there, they become a Queen, the most powerful piece on the board. + +Because High Tide is acquiring all these eCommerce driven consumption accessory businesses at low multiples, they have a golden list of ~3M high lifetime value customers (who bought pipes, bongs, vapes, dab rigs, etc) segmented by US State. Any MSO or LP (or large company outside the sector!) with USA domination plans wants this list. + +**3M customers X $100 profit on average per customer = $300MM which is more than the current market cap. How much is this (growing) list on its own worth? $300MM? $600MM? 1.2B?** + +If an MSO or LP doesn't buy them out, they will keep pushing that p@wn, and then they will have to compete against them when they become a Queen. + +**Passed p@wns are how you win the (Cannabis) End Game** + + +----- + +**HITI BARNACLES HOLD TIGHT** + +**BECAUSE RAJ NEVER SLEEPS, SELLS (any of his 6.5M shares), or STOPS (hustling)** +The often so-called progressive forces from left-wing and green parties were the driving forces in sealing the fate of the DeFi sector and crypto in general in the EU. Yes, for the individual holder there will be solutions, but an industry has been massacred and the EU once more gave up the possibility to take a leading role in cutting edge technology in favour of massive over-regulation. + + +The interesting thing is also, as many people in other threats stated that the problem would be old bas\*\*s clinging to power or boomers not understanding crypto/blockchain. Fact is, leading politicians, in this case, were for example Paul Tang (ok he is 54), but also a renowned economist from Spain Ernest Urtasun (40) and even a POC Assita Kanko (42). The problem here are not old white males at least, the conservative PPE voted against all together but are socialists, social democrats, left-wing liberals and greens... a sad truth but a truth nonetheless + +Please see the table below for detailed results of the final vote for the shady compromise on the law that doomed the crypto industry in the EU: + +https://preview.redd.it/byvm7rbewvq81.png?width=439&format=png&auto=webp&s=0fa3249f0fcab37f941b07fd288adafcbf72e797 +Hi! This is my first time submitting here. I didn't know where else to go to ask help regarding the matter. + +So here's the situation: my parents separated nearly three years ago. My mom now has her own property, while my siblings and I have also moved out of my father's house (he was physically abusive towards my mother and has intoxication issues). My mother was the breadwinner of our family, and my father never bothered to have a job the whole time we were together (around 18 years), and so depended on her. +Apparently, my mother failed to pay the mortgage on the house during the last year we were staying with our father. Her income is on a commission basis and prioritized on spending it on the education of her kids. + +My dad has been receiving warnings on the loaning company taking back the house, but hasn't really done anything. He's tried looking for jobs but has only gotten very low paying ones (around <$1/day) because he didn't finish college and his intoxication problems. His salary is only enough for his basic needs. He is currently unemployed and relies on my aunt for meals. + +To keep the house, we have to pay 2 million Philippine pesos, which is around ~$40,000. This is a problem since I only have one sibling who is working and is earning $160/month. Once my working sibling gets off of her 'trial' period in work, she earns ~$560. I and my younger sibling are still in school. I am in my fourth year of college and I still have another year to go. My college expenses are costly, around $1,200 for a whole school year. My younger sister also goes to a private school that is $660/school year. We can't send my younger sister to a public school as majority of public school students have delinquent tendencies, and my sister is very rebellious. + +I am currently working on freelance writing jobs to help fund my education, but I don't know what to do when my dad gets evicted or where the household items will go. My paternal aunt and uncles aren't doing so well as their husband/wives are the ones that have higher paychecks. + +Hoping to get some advice on what to do. Thank you. + +**Update:** I've been recently informed that there's a way to get around the payments. Before my dad gets kicked out this July, we have to pay 200,000 Philippine pesos which is approximately $4,000. After the payment, we have to pay $140/month for the next thirteen years. + +This thought has been on my mind for a while now and now sharply reminded of it with the passing of Tony. + +Background: Mid twenties working at a FANG in a high stress, well paying environment. Not anywhere near FatFire but enroute. Since I started this job I’ve put on 15 pounds. Diet and Sleep went to shit. Social life and Family life suffered. + +I tell myself it’s alright once my RSUs vest, then I’ll find a more relaxing position in the company, get active again, start a healthy diet, pursue my passions, spend more time with family and friends, travel. + +But in the back of my head. I feel that time will never come, I’ll keep pursuing that next promotion, I thrive in the challenge, I enjoy the status. I love all of it but hate the cost it is coming. + +Do the ends, justify the means? + +For you guys? Have you reached that point where you reached Fatfire levels of wealth did you start living your ideal life? + +Improve your health? Relationships? Did more of what you love? If so did the ends, justify the means for you? Are you where you wanted to be once you got the money? + +Sorry for the blurb, lots on my mind right now +This thought has been on my mind for a while now and now sharply reminded of it with the passing of Tony. + +Background: Mid twenties working at a FANG in a high stress, well paying environment. Not anywhere near FatFire but enroute. Since I started this job I’ve put on 15 pounds. Diet and Sleep went to shit. Social life and Family life suffered. + +I tell myself it’s alright once my RSUs vest, then I’ll find a more relaxing position in the company, get active again, start a healthy diet, pursue my passions, spend more time with family and friends, travel. + +But in the back of my head. I feel that time will never come, I’ll keep pursuing that next promotion, I thrive in the challenge, I enjoy the status. I love all of it but hate the cost it is coming. + +Do the ends, justify the means? + +For you guys? Have you reached that point where you reached Fatfire levels of wealth did you start living your ideal life? + +Improve your health? Relationships? Did more of what you love? If so did the ends, justify the means for you? Are you where you wanted to be once you got the money? + +Sorry for the blurb, lots on my mind right now +What’s up apes! + +Here’s some emojis for your night time read +🍌🍌🚀🚀🚀🌕🌕💎💎🖐🏻🖐🏻🦍🦍🦍 + +I recently got a new job and I’ve really hit it off with my new boss! One of the first things we talked about was trading, and although he’s a fairly aggressive trader, he’s mostly strayed away from anything labeled a “meme stock.” When I asked him his opinion on GME, he immediately shot down the thought of buying in to it, saying the company had no fundamental value in today’s market. + +Of course, I was taken aback by this. I didn’t mention MOASS, naked shorting, hedge funds, or any of the DD written here, however. Instead, I mentioned that the company eliminated all of its debt this year, raised almost $2B (more than half coming from the share sell off), and are currently transforming in to a tech company akin to current giants. I also told him about our favorite chairman and new CEO. He didn’t say much after this, just a slight nod and a promise to look in to GameStop more. + +Well, today when I went in to the office, he informed me that he purchased a position in GME! Not because of MOASS, but because he knows what we know: that GameStop is extremely undervalued and will grow to be a massive tech giant in the coming years. RC is a modern visionary and I trust that he will take GameStop to the moon and beyond! + +I love the company. I love the stock. And I love you, apes. ❤️ +Hey folks, remember when we polled you earlier this year when we had our yearly State of the Subreddit thread? Topics ranged from demographics to moderation feedback to ideas for new features. We took that survey data and put together a presentation for you! Enjoy and discuss. + +Link: http://imgur.com/a/pTfz9 + +This thread will be up for the first week of April, after which we will begin a new Article of the Week series. +Basically, I had an employer with computershare as their transfer agent and we could partake in employee share plan where the employer would buy stock for you up to 5% of what you made if you also bought so e as well. The typical shareplan. Well those shares were direct registered in my name. Now, I don’t know how much gamestop will hand out but this would lock up quite a bit of « real » shares away from the DTCC. What do you think? +I come from from a long line of bitcoin miners. My ancestors were all bitcoin miners. My father, grandfather, and great grandfather were all bitcoin miners. It was dangerous work. Deaths in the mines were all too common. My grandfather died in a bitcoin mining accident in 1961. + +I remember that, as a child in the 1960's, everybody in the community relied on the mining income. It's the only work there was back then. + +We were pretty poor. Bitcoin wasn't worth much, not like today. On the other hand they were much more plentiful and easier to find. When I was a child, a block of 50 bitcoins wasn't hard to find. Those bitcoins could feed an entire family for a week. Sometimes my dad would find two blocks in a week. When that happened we would get to eat meat on a Sunday. But there were also the weeks when he didn't find any, and we would go hungry. + +I remember him once coming home pretty happy. He had found a hard fork. He gave us all a big kiss and then handed my mum a big bundle of bitcoin cash. She took us all out for a treat in the movies. + +It wasn't a steady income. You never knew if you were going to find any bitcoin. To smooth out the ups and downs my dad eventually joined a mining pool which shared the results amongst its members. It didn't last long. The difficulty was constantly going up and the rewards became less and less. + + As I said, it was hard and gruelling work. They didn't use nice clean electricity like they do today. It was hard and dirty work involving sweat and blood. + +If you want to know the real meaning of "proof of work", just imagine my father when he came home after a gruelling day down a bitcoin mine. You knew where he had been. The proof was everywhere. His skin and clothes were covered in bitcoin dust. The whole house used to stink of it. I think it was what killed him He was probably constantly inhaling bitcoin dust into his blockchain. + +If my father was still alive today, I wonder what he would say, on learning that bitcoin is now worth thousands of dollars. + +Anyway, sorry for the above. I do realise that this is not about bitcoin, but rather about moonshots. So here is my prediction of an exciting moonshot. My moonshot crypto is the GET Protocol token ($GET). It's a crypto with a deflationary supply. + +It's also a tiny microcap, below $10 million, which means it could easily do 100x. + +GET solves the scalping problem which plagues the ticket industry, particularly for pop concerts. Despite Covid's lockdowns, and 99% cancellation of events, there are still more than 1000 GET-powered tokens being issued every day. + +Why do I think GET will go to the moon? Simple. There will be more pop concerts once lockdown finishes. That means more demand from ticket issuers and more GET will be burned. +Everything is so much more expensive. If you have a partner who is also working, it makes life so much easier even if both partners don’t make that much two incomes are better than one. Even if one partner stays at home it’s still better because you at least get someone to help with cleaning, cooking, shopping. I’m scared about my future. I don’t think I’ll ever be able to afford to buy a house or retire at this point. + +EDIT: You guys are amazing. Really. I m exploring technical writing and resume writing seriously and will update you. Thanks again. + + + +EDIT: +Guys thank you very much. I really appreciate your help. Cant believe i have received so much love from everyone. I am going to concentrate on resume writing and eventually technical writing as side gig. I promise to keep everyone updated. + + + + +Sorry admins! if this is not relevent, please feel free to delete. I apologize. + +Sorry a long time lurker. I am stuck in a desperate situation as my wife is not working and due to some circumstances, I am unable to disclose, I will need to pay mortgage of my parents home which I didn't expected and no one did. I bought a house spent my life savings on it. I am working in IT and getting good salary but it won't be able to pay two mortgages. I do not want to change jobs as my previous jobs and managers were hell and I got mentally stressed from that. I do not want to take this risk again ever again. + +&#x200B; + +I have tried uber eats, doordash and resturants had me wait for 20 min sometimes and I got sick recently. I am least concerned about my saftey but have kids at home so I stopped it. I am an immigrant so I won't be able to tutor jobs. Any help or suggestions will be live saving and I would personally pray for you and thank you dearly. +I am known for being cheap. Frugal might be a better word, but you may have your own word for this... Anyway, here is how I minimize my essential spending at the supermarket and elsewhere. + +This mostly applies to the major supermarkets, but obviously budget supermarkets are a very effective way to reduce costs. + +This is a long post, but there's only two main, easy-to-do steps that have helped me reduce the impact of all the price increases we have seen lately. Many of the sites/apps I have listed have bonus introductory offers when you are introduced by one of your friends. + +Hopefully, this will help some people here (and apologies if this is not the type of thing appreciated here). + +But does anybody have any better methods?! + +&#x200B; + +**Step 1 - Use a cashback debit/credit card for all purchases.** + +For the longest time, I have been using a NatWest Reward credit card to get 1% cashback on supermarket shopping (0.25% elsewhere). However, there are better options. The Chase current account (debit card), currently offers 1% cashback on nearly all purchases for a year. If you sign up for certain AMEX cards, you could get an extra dunt on the cashback rate for a brief introductory period. Here's the current best cards that I know of. + +>\- Chase 1% cashback for first year +> +>\- Monese 1.5% cashback for new customers until the end of year. +> +>\- Barclaycard Avios - effectively 0.8% back in points +> +>\- NatWest/RBS Reward Credit Card - 1% at supermarkets, 0.25% elsewhere. +> +>\- Various Amex cards - effective cashback rate varies. + +*This is possibly the least effort way to get extra pennies. It's just bonus money for using your card as your normally would. My lifetime cashback with my NatWest card is \~£450 - this is money that I just otherwise would not have had.* + +&#x200B; + +**Step 2 - Get cashback for buying supermarket gift cards.** + +There are two apps where you can get \~4% cashback for buying supermarket gift cards (AirTime Rewards & Jam Doughnut). + +*With Airtime Rewards (*[*https://www.airtimerewards.co.uk/*](https://www.airtimerewards.co.uk/)*), you link your card to the app and you get cashback for spending on your card at lots of retailers and the cashback is used to discount your mobile phone bill (you get cash paid to your linked card if you are with a budget mobile provider). However, you can also purchase digital giftcards and earn cashback on these. Here are the rates:* + +>\- 4% back at ASDA +> +>\- 4% back at Morrisons +> +>\- 4% at Waitrose +> +>\- 4% back at Marks and Spencer's + +*Jam Doughnut (*[*https://jamdoughnut.com/*](https://jamdoughnut.com/)*) is an app that gives you cashback for buying giftcards. You buy a digitial giftcard, and immediately receive the corresponding amount of cashback in your account. You can cash out to your bank account when you hit £10 in your account. Here's the current cashback rates:* + +>\- 3% back at ASDA +> +>\- 4% back at Morrisons +> +>\- 4.5% at Waitrose +> +>\- 6% back at Marks and Spencers +> +>\- 4% back at Sainsburys +> +>\- 3.5% back at Farmfoods + +*Using AirTime rewards or Jam Doughtnut is a piece of cake, you just buy a voucher and scan it at the till to pay for your shopping. Bonus tip: Morrisons vouchers may work at Morrisons petrol stations. Giftcard purchases are instant... so if you were one of those types of people, you could in theory buy these at the checkout for an amount approximately equal to your actual spend. I usually buy them in advance though.* + +Most giftcards can be added to Google Wallet or Apple Pay! + +**Putting it together:** + +So here's my shopping routine - I just buy supermarket giftcards using my cashback spending card and use these giftcards to pay at the till. Using Morrisons as an example, this gets me: + +>\- 1% cashback using Chase card to buy the voucher +> +>\- 4% cashback buying the Voucher on Jam Doughtnut + +***That's 5% back - money that I otherwise would not get.*** + +&#x200B; + +**Wait - that's not all?** + +Not by a long shot. There's several other ways that cashback can be boosted or costs minimised! + +&#x200B; + +**Minimise costs:** + +Occasionally supermarket gift cards can be bought at a significant discount. Monese often sell supermarket giftcards with 10-20% off (e.g. £100 gift card for £80). When these are available, the offers trump any cashback scheme. + +&#x200B; + +***Additional Cashback 1 - Discounts for trying new (and old) products at the supermarket*** + +I use a couple of apps for this. My favourites are: + +* GreenJinn ([https://www.greenjinn.com/](https://www.greenjinn.com/)) +* Shopmium ([https://www.shopmium.com/uk](https://www.shopmium.com/uk)) + +There is also CheckoutSmart (and a few others). Both GreenJinn and Shopmium give you cashback for buying certain products at the supermarket. Some of the offers are, for example, "try for £1" where you will get the difference in price paid back to you in cashback (both use PayPal). But there are also "try for free" offers, where you get the full price paid back to you. Right now Shopmium has a load of offers for trying the Al'Fez range of Moroccan cooking sauces and condiments. + +&#x200B; + +***Additional Cashback 2 - Send 10 receipts to Amazon for a £5 gift voucher each month*** + +With the Amazon Shopper Panel ([https://panel.amazon.co.uk/](https://panel.amazon.co.uk/)), you can get a £5 gift voucher each month that you submit pictures of 10 receipts. I send a picture of all my shopping receipts! + +&#x200B; + +***Additional Cashback 3*** **- Submit pictures of your receipt to other apps too** + +* HuYu ([https://www.huyuapp.co.uk/](https://www.huyuapp.co.uk/)) - this app pays 5p per receipt you submit, but they only accept receipts from major supermarkets. +* SnapMyEats ([https://www.snapmyeats.uk/](https://www.snapmyeats.uk/)) this is an app that pays you for submitting photos of your receipts when you buy any food or drink from pretty much anywhere. You can earn up to £5 a month which can then be spent on a range of gift cards including Amazon vouchers once you have reached £10. Each receipt works out at 20p. +* ZipZero ([https://zipzero.com/](https://zipzero.com/)) is an app that you can use to get cashback on pretty much any shopping. You get 0.5% of your purchase price back when you snap and submit a picture of your receipt from a instore shop. You can also send in email receipts from other shops, and they have a shopping gateway that boosts this to higher percentages for certain retailers. With this app, the cashback can be claimed once you have £10 and is used to discount your utility bills! Important point: half of your requested cashback has to come from "premium" cashback awarded by shopping at their click-through cashback gateway. + +*This step take a few seconds, but is only for the really committed.* + +&#x200B; + +***Additional Cashback 4 - Use cashback website portals for your online shopping*** + +There's two main sites for this: + +* Quidco ([https://www.quidco.com/](https://www.quidco.com/)) +* TopCashback ([https://www.topcashback.co.uk](https://www.topcashback.co.uk)) + +Each of these give cashback for shopping at nearly every online shop going. They also have their own price comparison sections that give cashback when you switch your utility providers (still good for mobile/internet, used to be good for switching gas/electricity every year). + +Many companies also have employee shopping gateways where you can get cashback for online purchases and even for buying prepaid, reloadable supermarket giftcards. Everybody should check if their employer has such a scheme. + +&#x200B; + +***Additional Cashback 5 - Link payment card to cashback apps.*** + +You can also get cashback by linking your payment card to several apps. Once you've linked the card, you automatically get cashback when you shop at certain retailers. This doesn't stack with Jam Doughtnut, but applies if you use your card direct at the supermarket and for many other retailers too. There are several of these, but the most prominent are Airtime Rewards ([https://www.airtimerewards.co.uk/](https://www.airtimerewards.co.uk/)) and Daali ([https://mydaali.com/](https://mydaali.com/)). + +With Airtime Rewards, you get cashback for spending on your card at lots of retailers and the cashback is used to discount your mobile phone bill. With Daali, its the same deal, but you redeem points for gift cards. Daali gives 0.25% at Tesco and Morrisons, 0.5% back at Co-Op. + +&#x200B; + +And that's all I got, anyone got any other good tips? +I am known for being cheap. Frugal might be a better word, but you may have your own word for this... Anyway, here is how I minimize my essential spending at the supermarket and elsewhere. + +This mostly applies to the major supermarkets, but obviously budget supermarkets are a very effective way to reduce costs. + +This is a long post, but there's only two main, easy-to-do steps that have helped me reduce the impact of all the price increases we have seen lately. Many of the sites/apps I have listed have bonus introductory offers when you are introduced by one of your friends. + +Hopefully, this will help some people here (and apologies if this is not the type of thing appreciated here). + +But does anybody have any better methods?! + +&#x200B; + +**Step 1 - Use a cashback debit/credit card for all purchases.** + +For the longest time, I have been using a NatWest Reward credit card to get 1% cashback on supermarket shopping (0.25% elsewhere). However, there are better options. The Chase current account (debit card), currently offers 1% cashback on nearly all purchases for a year. If you sign up for certain AMEX cards, you could get an extra dunt on the cashback rate for a brief introductory period. Here's the current best cards that I know of. + +>\- Chase 1% cashback for first year +> +>\- Monese 1.5% cashback for new customers until the end of year. +> +>\- Barclaycard Avios - effectively 0.8% back in points +> +>\- NatWest/RBS Reward Credit Card - 1% at supermarkets, 0.25% elsewhere. +> +>\- Various Amex cards - effective cashback rate varies. + +*This is possibly the least effort way to get extra pennies. It's just bonus money for using your card as your normally would. My lifetime cashback with my NatWest card is \~£450 - this is money that I just otherwise would not have had.* + +&#x200B; + +**Step 2 - Get cashback for buying supermarket gift cards.** + +There are two apps where you can get \~4% cashback for buying supermarket gift cards (AirTime Rewards & Jam Doughnut). + +*With Airtime Rewards (*[*https://www.airtimerewards.co.uk/*](https://www.airtimerewards.co.uk/)*), you link your card to the app and you get cashback for spending on your card at lots of retailers and the cashback is used to discount your mobile phone bill (you get cash paid to your linked card if you are with a budget mobile provider). However, you can also purchase digital giftcards and earn cashback on these. Here are the rates:* + +>\- 4% back at ASDA +> +>\- 4% back at Morrisons +> +>\- 4% at Waitrose +> +>\- 4% back at Marks and Spencer's + +*Jam Doughnut (*[*https://jamdoughnut.com/*](https://jamdoughnut.com/)*) is an app that gives you cashback for buying giftcards. You buy a digitial giftcard, and immediately receive the corresponding amount of cashback in your account. You can cash out to your bank account when you hit £10 in your account. Here's the current cashback rates:* + +>\- 3% back at ASDA +> +>\- 4% back at Morrisons +> +>\- 4.5% at Waitrose +> +>\- 6% back at Marks and Spencers +> +>\- 4% back at Sainsburys +> +>\- 3.5% back at Farmfoods + +*Using AirTime rewards or Jam Doughtnut is a piece of cake, you just buy a voucher and scan it at the till to pay for your shopping. Bonus tip: Morrisons vouchers may work at Morrisons petrol stations. Giftcard purchases are instant... so if you were one of those types of people, you could in theory buy these at the checkout for an amount approximately equal to your actual spend. I usually buy them in advance though.* + +Most giftcards can be added to Google Wallet or Apple Pay! + +**Putting it together:** + +So here's my shopping routine - I just buy supermarket giftcards using my cashback spending card and use these giftcards to pay at the till. Using Morrisons as an example, this gets me: + +>\- 1% cashback using Chase card to buy the voucher +> +>\- 4% cashback buying the Voucher on Jam Doughtnut + +***That's 5% back - money that I otherwise would not get.*** + +&#x200B; + +**Wait - that's not all?** + +Not by a long shot. There's several other ways that cashback can be boosted or costs minimised! + +&#x200B; + +**Minimise costs:** + +Occasionally supermarket gift cards can be bought at a significant discount. Monese often sell supermarket giftcards with 10-20% off (e.g. £100 gift card for £80). When these are available, the offers trump any cashback scheme. + +&#x200B; + +***Additional Cashback 1 - Discounts for trying new (and old) products at the supermarket*** + +I use a couple of apps for this. My favourites are: + +* GreenJinn ([https://www.greenjinn.com/](https://www.greenjinn.com/)) +* Shopmium ([https://www.shopmium.com/uk](https://www.shopmium.com/uk)) + +There is also CheckoutSmart (and a few others). Both GreenJinn and Shopmium give you cashback for buying certain products at the supermarket. Some of the offers are, for example, "try for £1" where you will get the difference in price paid back to you in cashback (both use PayPal). But there are also "try for free" offers, where you get the full price paid back to you. Right now Shopmium has a load of offers for trying the Al'Fez range of Moroccan cooking sauces and condiments. + +&#x200B; + +***Additional Cashback 2 - Send 10 receipts to Amazon for a £5 gift voucher each month*** + +With the Amazon Shopper Panel ([https://panel.amazon.co.uk/](https://panel.amazon.co.uk/)), you can get a £5 gift voucher each month that you submit pictures of 10 receipts. I send a picture of all my shopping receipts! + +&#x200B; + +***Additional Cashback 3*** **- Submit pictures of your receipt to other apps too** + +* HuYu ([https://www.huyuapp.co.uk/](https://www.huyuapp.co.uk/)) - this app pays 5p per receipt you submit, but they only accept receipts from major supermarkets. +* SnapMyEats ([https://www.snapmyeats.uk/](https://www.snapmyeats.uk/)) this is an app that pays you for submitting photos of your receipts when you buy any food or drink from pretty much anywhere. You can earn up to £5 a month which can then be spent on a range of gift cards including Amazon vouchers once you have reached £10. Each receipt works out at 20p. +* ZipZero ([https://zipzero.com/](https://zipzero.com/)) is an app that you can use to get cashback on pretty much any shopping. You get 0.5% of your purchase price back when you snap and submit a picture of your receipt from a instore shop. You can also send in email receipts from other shops, and they have a shopping gateway that boosts this to higher percentages for certain retailers. With this app, the cashback can be claimed once you have £10 and is used to discount your utility bills! Important point: half of your requested cashback has to come from "premium" cashback awarded by shopping at their click-through cashback gateway. + +*This step take a few seconds, but is only for the really committed.* + +&#x200B; + +***Additional Cashback 4 - Use cashback website portals for your online shopping*** + +There's two main sites for this: + +* Quidco ([https://www.quidco.com/](https://www.quidco.com/)) +* TopCashback ([https://www.topcashback.co.uk](https://www.topcashback.co.uk)) + +Each of these give cashback for shopping at nearly every online shop going. They also have their own price comparison sections that give cashback when you switch your utility providers (still good for mobile/internet, used to be good for switching gas/electricity every year). + +Many companies also have employee shopping gateways where you can get cashback for online purchases and even for buying prepaid, reloadable supermarket giftcards. Everybody should check if their employer has such a scheme. + +&#x200B; + +***Additional Cashback 5 - Link payment card to cashback apps.*** + +You can also get cashback by linking your payment card to several apps. Once you've linked the card, you automatically get cashback when you shop at certain retailers. This doesn't stack with Jam Doughtnut, but applies if you use your card direct at the supermarket and for many other retailers too. There are several of these, but the most prominent are Airtime Rewards ([https://www.airtimerewards.co.uk/](https://www.airtimerewards.co.uk/)) and Daali ([https://mydaali.com/](https://mydaali.com/)). + +With Airtime Rewards, you get cashback for spending on your card at lots of retailers and the cashback is used to discount your mobile phone bill. With Daali, its the same deal, but you redeem points for gift cards. Daali gives 0.25% at Tesco and Morrisons, 0.5% back at Co-Op. + +&#x200B; + +And that's all I got, anyone got any other good tips? +The thing I appreciate about red days is that it reminds me that the stockmarket is not a money printer. Some days you make a plus and some days you make a minus. + +If you invest you cannot count on the money to be there for another day. Never invest money that you need in a foreseeable future. +TL:DR – This post theorizes on a descending margin call line. Using an angled fib channel, we can spot zones the price has reacted to all year. These zones run parallel to the line created each time the price runs and is hammered down immediately afterwards. This is not a date hype post or price prediction post. I’m sharing what I’m currently looking at on my chart because I think it shows that the price hasn’t moved in crazy motions due to retail, but rather trading algos that determined a price months in advance. You don’t need to be a TA expert, if you can follow a colored line with your eyes you’ll see what I’m pointing out. For those of you who can’t follow a line, just smile at the rainbow. + +# A) Intro Ideas + +**1) Somewhere over the Rainbow** + +[Hey pretty lady](https://preview.redd.it/divh0vpadnm81.jpg?width=833&format=pjpg&auto=webp&s=cf530744855f7a62f17dfdcc0e1029d176e4d9e4) + +I believe that the top descending line that Marge is sliding down is what hedgies are afraid of. Below that is a fib (Fibonacci) channel. If you are new to charts, think standard deviations but based on the golden ratio. You set a high and a low, every line in between will adjust to the correct width. For whatever reason in trading, prices tend to react to these lines. On no energy they’ll just kinda hover in between, with some up or down energy they can bust through. Frequently, people draw charts where these are perpendicular at a 90 degree angle where the lines are horizontal. I noticed while watching some trends a few days ago that I could draw quite a few parallel lines on an angle and the price would tend to stay between them. I expanded this idea out and it included some of our peaks as well as our lows. + +**2) Instructions for recreating this chart** + +[Easy as A,B,C](https://preview.redd.it/hi2hvzvcdnm81.jpg?width=836&format=pjpg&auto=webp&s=b0a83538c6a6ea6f61972dae64f4f318a435872b) + +To set this up, you need 3 coordinates and luckily they are pretty easy to drop a pin on. I’m using Heiken Ashe candles on my graph and I set this up on daily candles. Drop your first pin on the top of the March 10, 2021 wick. Drop your second pin on the top of the November 3, 2021 wick. Drop your final pin on the bottom of the March 24, 2021 candle (not wick). In settings, include the 1.618 extension and extend both the right and left side. There is one final setting I adjusted. If you’ve never drawn a fib chart like this you wont notice and it wont really matter. If you have, you might notice it in my chart. It’s kinda tinfoily but it fits surprisingly well and I’m not saying anything else. + +What you really want to focus on whether you are reading the rest of this or looking on at your own chart is that the price will stay tight inside of these channels unless there’s a big movement day. They might bounce off edges, you might see a wick crack through, but generally speaking, the candles want to stay in their channel unless something is pushing it out. Depending on your point of view, this might be worrisome as the channels are trending downwards. However you also might notice that despite the price going sideways or even trending down, we’ve often moved up to higher levels of the chart as the year has gone on. + +# B) Focusing on Specific Areas + +**3) The Sneeze** + +[January 22 - February 11 \(30min candles\)](https://preview.redd.it/u6lrxp1fdnm81.jpg?width=1764&format=pjpg&auto=webp&s=6d4a405e3d7271bed4b40048dc4a8512607854d1) + +The top of our channel is right in line with the peaks on Jan 27th. We know that the next day the buy button was turned off. That is them (hedgies) reacting to the top of the channel. Jan 27th closes with the price staying in that top grey zone. Then for the next 2 days, even when the buy button was off, the price is still reacting to the various zones. You see candles that stop right on each area. Retail would have had minimal control and we know market makers were internalizing a ton of orders, their computers already had zones they planned on hitting that the price will react to again months later. Lastly, after the buy button returns and the price drops the candles follow almost a straight path that is parallel to the slope that would eventually be formed by connect Jan 27th to future peaks. + +**4) Long Cold February** + +[February 2 - February 25 \(30min candles\)](https://preview.redd.it/4gqz99midnm81.jpg?width=1759&format=pjpg&auto=webp&s=28c478b021c7e825621069876c27dc6c0809d715) + +Continuing what I mentioned above. The post sneeze price moving TIGHT against that bottom line (1.618 extension). As a reminder, this line was followed for a month before we saw the next peak in march. So should we believe this was all determined by retail who were methodically moving on a line, or does this seem more like the work of trading computers? + +**5) March Run** + +[February 24 - April 1 \(30min candles\)](https://preview.redd.it/98aqb63ndnm81.jpg?width=1761&format=pjpg&auto=webp&s=f9666694fcbc911d514c604f54870a1b35288231) + +The March 10 peak is where we placed one of the chart coordinates, so no surprise it lines up there. But we used that point because its another spot where hedgies went crazy to hammer the price down. Holler to all the apes who were watching that day, but we went and dropped like 50% in an hour just to pop back up to where the day began. And this was preceded by a news article that claimed the price was falling before it happened. On the month surrounding this date, you see many examples of the price approaching a new zone, backing off, and then moving on it again. You see examples of the price riding on a line for a while before bouncing or cracking through. And these were all lines the price was reacting to back when the buy button was turned off. + +**6) May Run** + +[March 10 - July 26 \(30min candles\)](https://preview.redd.it/qt5f22uodnm81.jpg?width=1761&format=pjpg&auto=webp&s=003e4a46b70d56b24964cf781c8415285371f909) + +After pushing up down after March, we stayed in the blue zone for months until about May 24th. Prior to the March run, hedgies had pushed us all the way down to the bottom of the zone below blue. And when we successfully got above and stayed above blue, that’s when the run really took off. On the way up between May 24 and June 9 we see the price reacting to all the same zones it did in March just like it did in January. But remember, these are not horizontal lines. Pulling the chart sideways makes them look more horizontal, but these zones were higher in January and March. + +Our top line crosses right through both peaks in June (more detailed in next section) and right afterwards we see the price drop and LANDED in the light green zone. It held that zone until about July where it started trending down again. However, this time hedgies were only able to push down to the dark green zone. At the time everyone was talking about how this related to being the same level as before the May run but we didn’t go back into blue like we were before May, we were holding an entire zone higher. This may seem like semantics (who cares about a color zone, price is price) but if this idea of the descending Margin Call line is accurate than the closer we stay relative to the top line the more of a problem it is for hedgies. + +Also remember that GME had a share offering starting June 10th. I’m speculating, but I think RC knew that hedgies would be reacting to that peak. They had just blown a ton of cash on the last run and needed the price to go down. Had they bought the offering, it would keep the price up against that top line. If they shorted they could drive the price down BUT apes would buy like crazy on that sweet discount. So to live another day, they shorted and apes stacked more chips. And I tend to believe the drop wasn’t retail panic selling because again, for the duration of the share offering we rode the line on a zone that had been relevant since back in January when the buy button was gone. RC loads up the war chest for the turn around, apes stack chips, hedgies get a stay of execution (but R.I.P. Dumbass still). + +**7) June Zoomed In** + +[June 4 - June 23 \(15min candles\)](https://preview.redd.it/pkecbwnqdnm81.jpg?width=836&format=pjpg&auto=webp&s=b92cd671d5aae107b836d325a194428b8ae96e06) + +But Tiberius, you fucking dolt, we crashed through that top line not once but twice. Right on, however, this happened prior to rule 002 going into effect which is 24/7 margin surveillance and calls within an hour. That didn’t come into play until June 23rd, and even then the price didn’t maintain above the line for long. Just under an hour on June 8th and about 40 minutes on June 9th. Clearly though, hedgies were not a fan of being on that line and fought to get underneath. If you’ve forgotten about life pre-002, margin checks wouldn’t happen til about the 3rd Friday of each month. All this put together allowed them to straddle the line temporarily. + +**8) Summer and Fall** + +[June 14 - October 20 \(30min candles\)](https://preview.redd.it/odexjlbvdnm81.jpg?width=1762&format=pjpg&auto=webp&s=c985231aa3e75614ccca7407cddd941acf0d86c5) + +After June, hedgies got the price all the way down to the dark green zone. When we tested that and held above it, we had the late August spike that went all the way up to September 1st. This run was unlike The Sneeze, March, and June runs. This time we only got to the top of the red zone. Instead of some massive push back downwards like we’d seen before, hedgies pushed the price back into the light green zone and we continued there for all of October. I’ll say again, now we are two zones higher than where we were before and even if the price is dropping we are relatively closer to that top line that hedgies freak out about. + +**9) November to Now** + +[October 25 - Current \(30min candles\)](https://preview.redd.it/gk9pstaxdnm81.jpg?width=1762&format=pjpg&auto=webp&s=814eeb4e651a8edff82f89b7c48a84844c11f818) + +We peaked twice in November. Once on November 3rd and once on November 22/23. Right before the Nov 3 peak we tested each of those zones. We spent a very short amount of time at the peak, and again this part of the line isn’t surprising since its one of our coordinates. On the way back down we even held the top of the red zone until the top of the next peak on the 23rd. More on the wicks above in the next section. + +By now you should be used to seeing how the price reacts as it approaches each new zone, it pretty reliably finds them to be either support to stand on or resistance it cant break (yes the same zones that have existed since the buy button was off). We’ve spent a lot of time in the light green zone, but the middle green zone we haven’t spent any significant amount of time in. Even our time in the dark green zone was temporary and we pretty quickly kept trying to get back above it. Important to point out, that line between light and middle green represents 50%, it is halfway between the top line and the bottom of blue. We have been riding it for months, you can even argue we were only just above it through Sept/Oct. + +**10) November Zoomed In** + +[November 22 - November 24 \(5min candles\)](https://preview.redd.it/p4dr998zdnm81.jpg?width=835&format=pjpg&auto=webp&s=b1b8b70f594c47add7785db371b04c76eb9caa43) + +Tiberius, you fucking dolt, 002 is in effect, your line idea is busted. Right on, however, this is the peak over November 22/23, but the price never even closed a 5 minute candle above the line. We might have been at the line but they were already fighting the price down. November 23 we end the day down 12% and it continued for months. + +**11) Big Picture again** + +[Another look at the big picture](https://preview.redd.it/59pmios0enm81.jpg?width=836&format=pjpg&auto=webp&s=bbddb70587ed3b11f52fc83917a21c04d936e859) + +Now that we’ve looked up close at the price reacting to these zones all year, step back and look at the full chart again. After each peak to the top line, we come all the way down but only to test the next level up from the prior low. Relative to that top line they hate so much, they are unable to swat us away further from it each time. This makes it easy to spin a narrative (“stock in a free fall, its down again”) without acknowledging that there has been steady progress made towards breaking through the line they keep fighting at. + +# C) A Line in the Sand + +**12) The Rock** + +Because this fib channel is descending, it eventually hits 0. More specifically, each zone hits 0 on a different date. To reiterate, this isn’t a date hype post. We have no reason to think the stock would actually go to zero. But for the sake of acknowledging $0 as an endpoint, here is what that looks like. + +[Sneeze to Sept 2023](https://preview.redd.it/azg1q6d2enm81.jpg?width=864&format=pjpg&auto=webp&s=f8d71c30e30d02a14b012e97128833bdc8a42318) + +The following is when each zone hits $0 + +Bottom Grey – April 1, 2022 + +Blue – August 18, 2022 + +Dark Green – October 18, 2022 + +Middle Green – December 19, 2022 + +Light Green – February 21, 2023 (yes, I flipped the month/day on accident) + +Red – May 4, 2023 + +Top Line – September 1, 2023 + +Remember though, we really haven’t played in any of those bottom 3 zones for a significant period of time since we left them. And if the pattern continues, after another run they shouldn’t be able to get the price below the Light Green zone for any sustainable amount of time. + +**13) The Hard Place** + +Like I said above, there’s no reason to believe they can actually play this out to zero. There’s factors that make dropping the price problematic for them. + +\- DRS. As the price drops, the rate that apes can DRS increases. This becomes a nightmare to anyone creating FTD’s because there’s no way to ever close them. + +\- Stock buy back. GME has cash in the bank and in the relatively near future can be profitable. They could start shrinking their own float. + +\- Cash dividend. It doesn’t need to be an NFT dividend to be valuable. A profitable company with a small float is gonna be interesting to institutional longs. More longs = more buys = more FTDs = eventual placement on threshold securities list. + +\- Undervaluing the stock. Even people with ZERO belief in moass can still make a bull case for GME on it’s fundamentals. The price will only go so low before those folks see the value also, again this leads to more buys (so on an so forth). + +**14) Final Thoughts** + +I don't suggest trading based on anything in this post. I’ve been wrong before, in all likelihood I’ll be wrong again at some point about something. I had what I considered to be strong historical data when I wrote [$230 Rubicon](https://www.reddit.com/r/Superstonk/comments/qm7zq8/230_rubicon_kens_nono_number_november/) and [Frog in the Ice Cream Machine.](https://www.reddit.com/r/Superstonk/comments/r8rvi8/frog_in_the_ice_cream_machine/) As time has gone on I’ve looked back at previous DD and observed what panned out as expected and what went against expectations. This post should really be taken in as something you can follow on your own if you like tracking different theories on what is happening on the short side of this game. + +There are likely apes with stronger TA backgrounds who could further this idea by fine tuning where these levels should sit. I feel confident in the slope being accurate, but the distance between lines might not really fit the golden ratio. I think its plausible that mm who are internalizing millions of retail orders might have proprietary trading algos that aren't just tuned to TradingView presets. I think people who have tried following price action using EW or other methods may want to take a look back on prior incorrect calls and see if adapting their analysis to this angled chart explains any misses. + +As a final word, because someone will undoubtedly say it, yes I understand the jist of "TA doesn't work on manipulated stocks". You aren't wrong, you'd have to figure out a way to account for the fuckery in the calculations and how could you even reverse engineer that. I'm not reading tea leaves with this post, I'm pointing out that it seems near impossible that retail panic selling or fomo buying would result in a year of consistently following parallel lines in tight channels that line up with traditional TA targets. I pretty firmly believe a computer is just doing its thing and we are along for the ride. +Why? Well, once the world sees a vote count that is far and above the total number of outstanding shares, the number of participants in the squeeze as well as the floor will be significantly magnified. I believe this for two reasons: + +1. Massive hidden short interest will reignite public FOMO, jacking up the price as buying pressure increases. No surprise there, but it is very very likely. + +2. More importantly, this reveal gives us the one piece of concrete data that we’ve been chasing this whole time: minimum short interest. It will be the “minimum” number because we are seeing not every ape can vote (international restrictions etc) and not every shareholder bothers to vote. Mystery GONE. Diamond hands? No, diamond hearts, diamond minds, diamond fucking apes. This is the one piece of information that completely solidifies the resolve of any ape that was even remotely uncertain. A high enough number means we KNOW that there’s enough of us holding for a $20M floor. + +Most of us know the short interest is through the roof, while technically unconfirmed we are convinced this is true and even without the actual number I believe in my heart that my fellow apes have the resolve to hold to $20M. Now we’d be armed with a hard number? Well you can increase the number of people holding to a higher number than they likely would have, and you can increase the floor while you’re at it. + +The DTCC, SHFs, Citadel, whoever the hell is keeping the price suppressed would be absolutely insane to arm us with that holy grail of a number, and to let that tidbit slip out into the public before this goes down. No dates, but it would be a catastrophic mistake to let this get to the meeting on 6/9 or this won’t be a simple nuke, this will be a goddamn new heavy bombardment. + +Edit: my apologies, floor has been moved to $20M, must’ve missed the memo. +I’ve been averaging up and then averaging down and then averaging up and then averaging down. I’m still here and I’m not going anywhere. And I convinced five of my friends and my wife to buy ❤️gme❤️ last year. And YES!!! I bought more this week and I have no timeline. 💎💎💎💎🖐🖐🖐🖐. Dear shorties, I can easily hold for at least 20 years.💎💎💎💎🖐🖐🖐🖐 +I’ve been waiting for this for so long.. we have heard plenty of rumors about “project titan” I am pumped to see what Apple can do! The growth prospects on this are insane. If Apple can successfully integrate its ecosystem into a car... my god. + +Here’s the article: https://www.reuters.com/article/us-apple-autos-exclusive-idUSKBN28V2PY + +Edit: Thank you for the awards guys! +**PART I:** + +Hey y'all! + +Most of you guys know me but if not my name is Chris aka @ckz8780 on Twitter and I'm a full time trader and run Greenbar Trading, my company, which is focused on stock market education. In the past I've posted my stock picks here in /r/stockmarket and lots of people have made money off them and I've always gotten tons of great feedback so I wanted to do something to give back to the Reddit community for being so welcoming and letting me blabber about my picks, myself and my services on here so I could grow both my trading and my business. Without Reddit I wouldn't be where I am. Now, I constantly get PMs and questions about what tools I use and the truth is there are literally hundreds of tools that you can use but having a good solid list of websites and tools is essential to doing accurate market research, picking the right stocks and then actually being able to trade them. So I am going to go through my list of hundreds of bookmarks and tools that I have here on this computer and share all the best ones I know and what I use them for. I won't add to this list unless it is a tool I use regularly because I only want to recommend stuff I have used personally and found to be successful, but definitely feel free to post your own favorites in the replies to make this list even bigger. I'm going to personally stay away from all the standard stuff like The Intelligent Investor, Investopedia, etc. Those are great but this is stuff I actually use practically every single day. If you want to learn how to trade from scratch then send me a PM and I can point you in the right direction. Ok, in no particular order of preference, here we go! + +**TRADING SOFTWARE/BROKERS:** + +* [Suretrader](http://www.suretrader.com): My main broker. Great shorts and no pattern day trading rule. +* [Tradestation](http://www.tradestation.com): Another broker I use heavily. Amazing software but retail so you have to maintain $25k to day trade. One of the most powerful scanners in the business using EasyLanguage. +* [Thinkorswim](http://www.thinkorswim.com): TD Ameritrade's "Professional" software. It's a bit buggy and slow and they sell your order flow so executions suck for day trading, but the charting is pretty nice and they have a decent scanner. Also it's one of the only platforms I really like for paper trading, though Tradestation is also really nice for that. +* [Scottrade Elite](http://www.scottrade.com): Scottrade's "professional" software. Not bad if you're doing more advanced swing trading. Fills and executions are surprisingly good for a retail broker. Also they will bundle TradeIdeas (an awesome intraday scanner) for like $10/month. +* [FreeStockCharts](http://www.freestockcharts.com): The best free charting software out there. If you are not advanced enough to be using the trading software above but the charts on Google Finance and Yahoo Finance aren't good enough for you, this is your answer. +* [TradingView](http://www.tradingview.com): Another good (and free!) chart site if you don't have pro trading software. + +**SCANNERS/SCREENERS:** + +* [StockFetcher](http://www.stockfetcher.com): The best bang for the buck hands down when it comes to scanning. Very powerful and easy to code. I use it literally every single day and it's cheaper than Netflix! +* [Finviz Screener](http://www.finviz.com/screener.ashx): Great for screening stocks with all kinds of characteristics from descriptive to fundamental to technical. Screens can be saved +* [StockMarketWatch Screener](http://thestockmarketwatch.com/markets/pre-market/today.aspx): Nice scan I run each morning to find the stocks that are gapping up/down the most. These will be the ones in play for that day. Combining this with Finviz I can throw all the gappers into Finviz and check the news on them quickly and easily. +* [Google Finance Screener](https://www.google.com/finance/stockscreener): Similar to Finviz's screener but allows you to screen on some different stuff like [float](http://www.investopedia.com/ask/answers/04/091004.asp) which Finviz doesn't allow. +* [StockCharts Predefined Scans](http://stockcharts.com/def/servlet/SC.scan): Great list of predefined scans for generating trading ideas. + +**USEFUL WEBSITES:** + +* [StreetInsider Earnings Insider](http://www.streetinsider.com/portal/Earnings+Insider/5.html): Great for quickly determining if a company met, beat or missed earnings, what their consensus was, and what their guidance was. Also provides next expected EPS date. +* [Zacks Earnings](http://www.zacks.com): Just type the ticker into the quote box in the upper right and look under the "key earnings data" section to find the next earnings date. I've found Zacks' dates to be the most accurate over many years of trading. +* [ETF Replay](http://www.etfreplay.com/summary/1.aspx): Great summary of ETF performance for gauging sector performance and finding strength when all seems weak, weakness when all seems strong. +* [Finviz ETF Maps](http://finviz.com/map.ashx?t=etf): Same as above. +* [Bespoke ETF Cheat Sheets](http://www.bespokeinvest.com/thinkbig/2012/7/30/bespokes-full-line-of-etf-cheat-sheets.html): Looking for an ETF that relates to what you're trading? Check out these cheat sheets for ideas. +* [Yahoo Finance Sector List](http://biz.yahoo.com/p/s_peeu.html): List of all **sectors** for generating ideas on what to trade. +* [Yahoo Finance Industry Browser](http://biz.yahoo.com/p/sum_conameu.html): List of all **industries** for generating ideas on what to trade +* [Yahoo Finance InPlay](http://finance.yahoo.com/news/inplay-briefing-com-055139997.html): I check this often in the morning to quickly scan news headlines that will move stocks. +* [Is The Stock Market Open?](http://www.isthemarketopen.com/): Well, is it? +* [Chartgame!](http://www.chartgame.com/): Time lapse trading game. Great for practicing your identification of technical analysis patterns for swing trading without having to wait for months to collect a good amount of data from your trades. +* [The Ultimate Swing Trading Guide](http://www.swing-trade-stocks.com/): Great beginners' guide for learning to swing trade. Read this from beginning to end, in order. It can be done in a weekend. +* [Hoovers IPO Central](http://www.hoovers.com/ipo-central/100004160-1.html): Everything you could ever want to know about IPOs. +* [ShortSqueeze](http://www.shortsqueeze.com): Great for quickly checking how much of a company is currently held short...can help identify short squeezes that really rip. +* [Tradervue](http://www.tradervue.com): Great trade tracking and statistics website for tracking your performance. It's free for up to 100 trades per month. Useful if you're trying to develop a trading system and need data on what works/what doesn't. +* [My Trades](http://www.tradervue.com/shared/users/1460): Over 2,200 of my shared trades with notes on why I took them, where I bought/sold, where my stop was, etc. I update this occasionally but usually do it in blocks every few months now. +* [Finviz Economic Calendar](http://www.finviz.com/calendar.ashx): Good for being prepared for upcoming economic news like GDP data, FOMC minutes, etc. + +**CRUCIAL READING/BLOGS/ETC**: + +* [Forensic Investing Red Flags](http://www.bus.lsu.edu/accounting/faculty/napostolou/forensic.html): Good resource for finding holes in a company's fundamentals and red flags in financial statements/reporting. +* [Best time of day for trading](http://www.tradingmarkets.com/recent/learn_the_best_times_of_the_day_for_the_best_trades-2-677749.html): Cool article on the best time of day to place certain trades and how the market reacts to changes in time. +* [The Trillionaire Next Door](http://www.amazon.com/exec/obidos/ASIN/0066620767/daytradersbullet): Hilarious book about day trading. Should be on every full time trader's desk to keep the stress of trading at bay. +* [The Logical Trader](http://www.amazon.com/Logical-Trader-Mark-B-Fisher/dp/0471215511/ref=sr_1_1?ie=UTF8&qid=1330402471&sr=8-1): Great book about Mark Fisher's trading style and how he keeps trading simple. Simple is good. +* [Trading From Your Gut](http://www.amazon.com/Trading-Your-Gut-Instinct-Smarts/dp/0137047681): Awesome book about properly using your right brain/left brain to trade more accurately and more confidently. +* [Anything by Brett Steenbarger](http://www.amazon.com/s/ref=nb_sb_ss_i_0_10?url=search-alias%3Dstripbooks&field-keywords=brett%20steenbarger&sprefix=brett+stee%2Cstripbooks%2C232): Great author of many trading books. I found Daily Trading Coach and Enhancing Trader Performance to be really useful and practical. +* [Anything by Mark Douglas](http://www.amazon.com/Mark-Douglas/e/B001IGOXOE/ref=sr_ntt_srch_lnk_5?qid=1414900959&sr=1-5): Another great author that provides practical stuff you can actually use rather than just useless theory. I like Trading in the Zone and The Disciplined Trader the best. +* [Anything by Marcel Link](http://www.amazon.com/Marcel-Link/e/B001IGJO7K/ref=ntt_aut_sim_3_2): Great author of books designed to help you improve your performance through strategy development. +* [Darvas Trader](http://www.darvastrader.com/): Great blog with tons of awesome articles. I read it regularly. +* [Your Daily Watchlist](http://www.yourdailywatchlist.com/): Keith Kern's (@stt2318) website. He provides lots of nice charts both on Twitter and on this site. Many are free. Good for generating ideas. +* [The Trader's Podcast](http://traderspodcast.com/): Amazing podcast with tons of short 10-30 minute episodes on everything you could ever imagine about trading. +* [Greenbar Trading Blog](http://www.greenbartrading.com/blog): My blog. I haven't updated it in a while but there are a lot of good articles in the archive about things I've learned and my journey to becoming a pro trader. +* [OpenTrader Blog](http://blog.opentrader.com/): Awesome blog with lots of eye-opening articles on all things related to trading. +* [Alpha Wolf Capital](http://vegastrader66.blogspot.com/): Great blog by a great full time trader named Tim Weintraut out of Vegas. I traded with him for a week recently and was blown away by his knowledge. He has been trading for over 20 years and is a great guy. I contacted him via Twitter out of nowhere and he had never even met me and allowed me to come stay in his house and trade with him for a week and hang w/ his family! +* [Trade on the Fly](http://www.tradeonthefly.com/): Another great trader I met recently and traded with for a week in Montana. Michele is a swing trader and posts tons of great charts. She moderates the swing trading room in Nate Michaud's (@investorslive) chat room. +* [Bulls on Wall Street](http://bullsonwallstreet.com/blog/): Nice blog run by a good buddy of mine, Kunal Desai. He is kinda a wacko but he's a pretty good trader and his blog has lots of free info and education on it. Really funny guy too! +* [10 Traits of Successful Traders](http://bullsonwallstreet.com/10-traits-successful-students-turned-traders/): Good article on what it takes to become a full time trader. Kunal pumps a lot of his students in this article including me and for him it's more of a marketing tool to sell his bootcamp but I still think it's great for people to read to see what it takes and learn some of the characteristics of the traders he's worked with who really took off and became extremely profitable. + +**SEE COMMENTS FOR PART II** + + +[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!* +I have noticed in this group that some traders prefer to stay delta neutral in their portfolio. In theory I get it that the more your portfolio is delta neutral, the less your portfolio is exposed to wild swings in the market. But I don't get these questions - + +1. How do you guys make money then? I assume you guys rely solely on theta decay. +2. What do you guys do in the bullish market? Doesn't delta neutrality feels like a drag on your portfolio when the market eventually goes up in the long run? +3. Let's say your portfolio is delta neutral today. It won't remain delta neutral in the next trading session since the market moves. So at what point you guys add more positions or adjust them to become delta neutral back again? + +Thanks! +This is probably going to sound really dumb but how?? I just sold an AMD put (1 AMD sept 23 76)and made a quick 1.28 for holding for a few days. And I definitely wouldnt mind assignment if it happened as I do like the stock. But I was looking to get back into amd again and as I looked up the option chain my mind went wonky. I started looking at the same 76 strike and then my brain said "why are you going to try to sell a put again and pay back the 1.22 you paid to close the position?" So I guess I'm just asking for some pro tips. I definitely keep it under 25-30 delta and like to stay in the 2 week range. Do I wait for a down day? Raise my strike (this is probably obvious)? Wait till monday? +I’ve been lurking ethtrader for a while now and thought I should write this post and offer some advice because I see a lot of inexperienced traders and people new to the scene. Btw, I’m long on both ETH and BTC and have been in crypto since the Gox days. + +I’m a professional poker player and have been involved in poker and trading since around 2006. A few years into my career I realised that skill or knowledge was only part of what made a successful player - the psychology of the game in which management of tilt (or losing your cool) became by far the biggest success factor. By managing tilt my win-rate increased. I thought I had a handle on the game maintaining a consistent long term profit for several years. However one day I had my single biggest ever loss at the tables. It dwarfed all other single day losses by a factor of 10. I continued playing trying to win back the money I lost, losing even more.. the exact behaviour I had worked for years tirelessly to avoid! To be honest I never fully recovered. + +Much of the psychology of poker is no different to trading or investing. They are both games of incomplete information. So to that end here’s some advice that I think could be beneficial to someone just getting into crypto/trading. + +1 Don’t risk more than you can afford to lose. Everyone says this, but have you REALLY thought about this? Look at your total current exposure, close your eyes and visualise yourself in a position where it has been devalued massively or lost. What does your life look like? Are you affected financially? psychologically? spiritually? Is your job affected? Relationships? Now... are you still fine with this exposure? + +2 One of the most important maxims in poker is not to be results oriented. We make a move and regardless of the outcome we react the same way - neutrally. As long as the move was correct to the best of our knowledge. + +There are two things we can take from this when investing in crypto: + +* Make the correct trade or investment to the best of your knowledge. If you don’t have a premise - don’t invest. Don’t act on impulse! +* Whether the coin rises or falls in value our emotional reaction is the same and we should be content with our decision because of the above. + +Consider the case where you made a decision based off some incorrect information but ended up profiting through luck. In poker even though you profited this is a bad outcome - you will make the same mistake again thinking it was sound strategy and in the long term you will probably lose money. Reflecting on the result of your trading decisions is therefore crucial! Especially if you do a lot of trading! + +3 You haven’t made any money until you sell. Everyone is on a high because of the current price, but the volatility of crypto means that this can always change in an instant. It really can. Crazy shit has happened in the crypto world in the past. And don't forget that Ethereum is in competition with other systems, centralised exchanges fail, legislation changes, news etc. + +4 Never risk more than X% on a single bet. X should probably be 5 or less. And investing in multiple coins is NOT diversification! We have seen even some days that as the price of Bitcoin rises all other altcoins and Ethereum can fall in an almost inversely proportional relationship. Of course we have seen it be proportional too. True diversification will be between things like Crypto, Fiat, traditional commodities, stock, real estate, etc. + +I hope this helps someone. This is a promising, positive community and no one should have their life ruined! Good Luck ! +I missed on the crowdsale but I've known about Vitalik since "Rise and Rise of Bitcoin" + +I knew this person was something special and I trusted whatever teammates he settled on. I got in back in sometime back Q4 2015. For reference I'm not a whale. Just a believer and fanboy. I like all the different people and styles of folks here in /r/ethtrader. I don't consider myself technical enough for /r/ethereum but I try to read and understand what I can. + +--------------------------------- + + + +My friends and I in Ethtrader back at $6-$7 were sitting in canoes rowing through the blood in here....Man it was truly sad around here too....no lie. Tone in a post told the story. I was the only one laughing at my stupid jokes. (not much has changed in that regard) + +------------------------------------- + +What a scene in here...Cats were wailing on the rooftops and the trolls were shooting down any crows they could see pickin' at the carcasses of despondent traders. Barry Shill was Shilling and all the maxi-pad-alists were coming in from the woods to prey on the weary. Chris DeRose even trolled my YouTube channel. Me? LOL....I'm no whale...but I remained calm and nice and wished him all the luck in Bitcoin. I don't hate Bitcoin...but I just couldn't understand how people could be so cruel to this fantastic development team. + +------------------------------------------ + + + Everyone including me had a 1000 Finney stare. + +------------------------------------------- + + +I'm pretty resilient to despair though and I've found that humor is pretty good medicine. I have to thank my dad for that. My dad has a great sense of humor. I got my sense of humor from him and the hair on my back from my mom. + +------------------------- + + +We buckled up and watched the progress. Soft Forks, Hard Forks, Sporks, whatever Github releases big and small, we read it all. We knew. + +-------------------------------- + + +We knew the price is only part of why we're here and remembered there's a team of people whose main role is rockin' the code. Just remember this team is full of badasses. They did bitcoin stuff and got tired of bitcoin stuff and decided to do something about it. They keep chuggin' and churning out at an alarming rate. All of us that stuck through this and bought down from ATH and were sitting in that canoe were listening to the team. And now there is a real network effect of development taking place. Betamax and VHS. Take your pick. + +--------------------------------------- + + +Now the price is up and the sub is going through the next phase and all you newcomers PLEASE understand this sub is loosely moderated and relaxed for the most part. There are some very knowledgeable plain spoken people. HOWEVER there are bad days too. The best part is that a bad day in here is better than every other bitcoin sub I've ever scene. Then again...I'm curious what a $100 ETH is going to bring out in people. Greed is Greed. We've been a pretty happy bunch for the most part. Euphoria is returning and it's healthy. But just know we WILL have another round of FUD come rain in on a correction. 10,500+ traders is surreal growth. We've grown so fast...**SO** fast. + +---------------------------------------- + + +Please consider others in here as if you are talking to them in person and rarely use that downvote button as a means to disagree. It's just the right way to be. There are an incredible range of ages in here. + +---------------------------------------- + +Thanks to Bitcoin and the early supporters for giving the Ethereum team the funding and good luck on the ETF. The world is benefiting and the boats are rising. EthETF is just around the corner if Mama B gets her way. + + + +Cheers and Hugs from KC. +Sane vote imo. "A majority of shareholders at the General Electric Co annual general meeting rejected the pay packages for named executive officers, including CEO Larry Culp, whose compensation for 2020 tallied $73.2 million." How much money do these CEOs really need? + +[https://finance.yahoo.com/news/general-electric-shareholders-reject-ceo-151741458.html](https://finance.yahoo.com/news/general-electric-shareholders-reject-ceo-151741458.html) +Am I the only one that can’t believe how ridiculous used car prices are at the moment? +Currently looking for a car and just disgusted by the prices. +Just saw a 2015 Mazda 3 Maxx is listed for $24000 when it was sold brand new for $23000, 7 years ago!!!! +And there must be buyers so how can people be paying such exuberant prices for these cars? +Edit 2: Thank you for all the awards. They really aren't necessary. Also, reddit is a little screwy today. I like to say thank you to everyone who sends me an award. Some awards that I've been given didn't come with a notification. So, I will say Thank You here. + +Edit/correction: The FED is paying the banks to hold the cash, not the banks paying the FED. I'll leave this like this to avoid editing the original post. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +In order to gauge what's going to happen, or to see what's about to happen, the quote has always been "Follow the money". Basically, that means, what are the rich doing? The whales have always moved the markets. Either by buying, or by selling. + +Thursday and Friday showed that the "big money" is running. They aren't making their exits quiet either. In their case, holding the bag could mean billions of dollars and years of waiting. Extreme losses are not something they're fold of. + +The first few start a chain reaction that others always follow. FOMO is very real when it comes to the big players. From their actions, the peaks and valleys are determined simply by how they feel. + +They also have a much larger view of what is happening, or about to happen and their emotions do take over eventually. + +The cascading effects have big implications for everyone that doesn't react. + +I looked at some Financial ETF's, indexes and the two Berkshire Hathaway stocks (BRK-A and BRK-B). + +The game of dominoes has begun.... + +Let's look at the top banking ETF's first. + +(The top 35 are listed here: [https://etfdb.com/etfdb-category/financials-equities/](https://etfdb.com/etfdb-category/financials-equities/) ) + +&#x200B; + +[Top 5](https://preview.redd.it/xsexo9rib8671.png?width=766&format=png&auto=webp&s=ffb111ceacbfc8ac586762160dfe2ba785fece21) + +\#1 on the list with a total asset value of $44,428,000,000. XLF: + +[An 8.18&#37; loss in 2 weeks](https://preview.redd.it/f9muh69ob8671.png?width=1228&format=png&auto=webp&s=c5308bc1d05cd0cf9458328321cb1e948caa5406) + +&#x200B; + +[With that barcode comes a 6.36&#37; loss in 1 day.](https://preview.redd.it/8qlwnvnub8671.png?width=1240&format=png&auto=webp&s=20965a3a7d6b048ef58e566e8090bd0e623c5d1b) + +&#x200B; + +[6 year chart](https://preview.redd.it/q08pua03c8671.png?width=1228&format=png&auto=webp&s=49fd52820dc809a0c7d5486aaf6280f498ae7dee) + +After hitting an all time high this week, a sharp drop followed Thu. and Friday. It's still sitting at 2X the low of spring 2020 but you can see that sharp drops like this don't happen very often. + +On to #2 is VFH with a total asset value ¼ that of XLF: + +&#x200B; + +[VFH 4 year chart](https://preview.redd.it/2s9a9ruzc8671.png?width=1224&format=png&auto=webp&s=cd5a32f27c1b75ab62be41b75ab501117daabaea) + +Again, a sharp drop Thu. and Fri. and sitting at 2X the low of spring 2020. + +\#3 is KRE with a little over ½ the asset value of VFH: + +&#x200B; + +[KRE 4 year chart](https://preview.redd.it/4fnaw24nd8671.png?width=1222&format=png&auto=webp&s=8b9fe244bc3e0bfdd9decba924c4419e20d2de03) + +Sharp 2 day drop but still over 2X from last spring. + +\#4 is KBE with an asset value 1/11th of XLF: + +&#x200B; + +[KBE 4 year chart](https://preview.redd.it/wzjx98l7e8671.png?width=1228&format=png&auto=webp&s=fa28829aad80566a6ff3a2c85a3d1125b86ede3b) + +Another sharp 2 day drop but still over 2X from last spring. + +\#5 is IXG with an asset value of roughly $3 mil. + +&#x200B; + +[IXG 4 year chart](https://preview.redd.it/fkel6orhe8671.png?width=1234&format=png&auto=webp&s=61677d4ca39bec5169c4c7d9d19b07402c4ca915) + +About 2X last spring but the 2 day drop is showing once again. + +From these alone, we can see that the cracks are showing and the big money is starting to run. Confidence in banks is beginning to wain. I believe this has a lot to do with the insane debt crisis that is currently looming. With the end of June fast approaching and housing about to become a huge issue for millions of people, defaults will turn these ETF's into penny stocks in a very short time frame. + +We can see from the RRP's that banks currently have too much cash on hand. Rather than lend it out in the form of more loans, they're choosing to pay the FED to hold it for them. + +When the commercial real estate and housing bubbles burst YET AGAIN, banks are going to become the major holders of a considerable amount of real estate. They're also going to be the proud owners of a lot of vehicles they definitely don't want. + +Normally, this isn't that bad for them if someone defaults. They have a house to sell but this time the numbers will be out of hand and no one is handing out loans to buyers. Many people have had their incomes cut down considerably in the past year. When that happens, it shows that they don't meet the minimum requirements for a mortgage. Or a car loan.... + +Let's take a look at how the OG of diamond hands' stock is doing. Warren Buffett. The man who gave up on Wells Fargo after 31 years. + +[https://economictimes.indiatimes.com/markets/stocks/news/warren-buffett-sells-31-year-old-investment-in-wells-fargo/articleshow/82727758.cms](https://economictimes.indiatimes.com/markets/stocks/news/warren-buffett-sells-31-year-old-investment-in-wells-fargo/articleshow/82727758.cms) + +(Not sure if a paywall is required for that article. I have a paywall bypass extension. If so, just search "Buffett sells Wells Fargo".) + +BRK-A and BRK-B have have 1 major drop in their history. Spring 2020. Here we are, just over 1 year later. + +&#x200B; + +[BRK-A 4 year chart](https://preview.redd.it/6c8qvibgh8671.png?width=1238&format=png&auto=webp&s=6befd29dd1a2b51a69a26f59c1cd14e6c46b7a98) + +With an all time high (ATH) of almost double the spring of 2020 low, we can still see that sharp drop at the end of the week. In the bottom right corner, that red volume spike shows that more than one person is "taking the money and running". For a stock that normally trades 50-100 shares a day, I would certainly say that 1,141 shares being sold in 1 day is a big deal. In recent weeks, there's been some major buying and selling up in the 3,000 shares range after hours. We just can't see it on this chart. + +Let's take a look at BRK-B + +&#x200B; + +[BRK-B 4 year chart](https://preview.redd.it/je9ndq3fi8671.png?width=1232&format=png&auto=webp&s=22baa010e10f3209d3eba97af721f8d55a30d0cc) + +Not quite twice the high of the spring 2020 low but a recent ATH. The volume actually looks pretty stable. Keep in mind, this is the retail version of Berkshire Hathaway. The price is more fitting for small whales and those who want to ride on the coat tails of long whales. + +Now to something a little more fun. Let's check out some indexes and see what's going on. + +&#x200B; + +[Index List](https://preview.redd.it/mghpvyq2j8671.png?width=801&format=png&auto=webp&s=44ffa036222e8366b67ce56db25ca88a7c9fbaf4) + +This week wasn't pretty. When anything in the above list moves more than 0.5% in a week, something big is going on, or about to happen. Above shows just Friday alone. It might not seem like much but those are pretty big numbers. + +The top 4 show a pretty recent ATH. From Wednesday on, the losses have been fairly significant. + +What does all this mean? It means buckle up and hold tight. You're on the back of a whale and you're in for a ride. There's going to be some deep diving, breaching, death rolls, fights and it's going to end with, + +"So long and thanks for all the fish." + +The killer whales are about to attack and the dolphins are about to head for space. All you have to do is hang on and enjoy the show. + +TLDR: This week showed the beginnings of an epic shit show. The losses will be unlike anything we've ever seen and once it concludes, we'll finally be paid. Dancing is NOT recommended. Up your floors and your ceilings. There will be a lot of people in need of help when this is over. + +&#x200B; +I figure what bothers me is also going to bother most potential renters or future buyers. + +For example, I just looked at a house that had 2 large flights of stairs from the detached garage up to the front door. I thought about hauling groceries up during rain or snow. I didn't even need to go inside the house to know I wouldn't buy it. +I had tenants who didn't pay rent during the last month of their lease. They said to just "keep the security deposit, since there's no damages that were our fault," (hahahaha) referencing their opinion on some damages that were caused earlier in the year due to their negligence. + + +In total they owe me $2000 rent + $350 for a plumber + $250 for a cleaning (the unit was dirty) + $100 for some basic maintenance + $X for removing the belongings they left behind (TBD). Their security deposit only had $1800 left in it, so the total debt owed is still $900 + X. + + +I have a pretty cut-and-dry small claims case for the debt owed. Through a benefit of my work, I am able to get assistance from a lawyer (minus them actually coming to court) for free. The lawyer is encouraging me to track them down and go. I found their new addresses simply by googling their names, so I know I can serve them. + + +Let's say I get a judgment for $900 + X. I'd probably have to pay a collector for this, or have wages garnished. Does anyone have experience for this? I feel like most collectors wouldn't care about an amount this small. I am in Massachusetts, if it helps. + +Any pointers welcome. The time to go to court and present my case is negligible for me. I'm just curious about my odds of getting any money here. +Buddy took out an equity on his home to buy BTC on the run up and was ecstatic for a bit when it hit the ATH. Sold some to later buy DOGE at .71 and ETH at $3900. Sold a few days ago. + +Called me up last night distressed as he saw BTC both go up. + +I’m kinda not sure how to handle this. Never had a suicidal friend before. I’m going to assume he’s serious. He’s mentally fucked right now, so we’re going to meet for drinks and lunch. + +For the record, I never tell my friends and family to get into crypto. +Just consider it a nice software patch to your already owned tokens. When the change happens, sit back and relax. You will automatically be the proud owner of ETH 2.0 +The amount of people I see advocating buying shares and holding them for six months plus is fucking absurd. + +/r/investing <-- is that way you risk averse ~~adverse~~ fucks. + +Don't get me wrong, there's a time and a place for shares, or even, *gasp* shares in a major index ETF. + +It's called your retirement account, and it's the last thing you should be trading with at fucking /r/wallstreetbets. + +Shares aren't the way here. What happened to the 10 delta yolos on contracts expiring end of week, or even end of day lmao. + +Our lossporn is gonna be weak as fuck if we don't cut this shit out. + +This is a casino inside a Wendys, not your local branch office of Berkshire Hathaway. + +Edit: for all you degens asking for positions. + +SPY 408/424c leaps +/CL 60/63c on the March contract. +Oil is coming back for me today. I opened down 2k. Maybe not as retarded a play as I thought. +Backstory, my mom inherited this home from my late grandmother. House has a mortgage and she owns more than 20% equity in the home(there is more I just don’t know the exact amount). I also own a home and about to refinance to remove PMI. My income has gone up significantly since my we first purchased my home. Is there any way I can either assume my mothers mortgage and rent her the house or can she sell it to me with an equity gift equal to what she owns to lower the financed amount? In short: but from mom with equity gift to lower loan amount, rent home to her at less than current mortgage and retain home from family over 100 years. Make sense? Possible? + + +EDIT: Thanks for all the replies. Here is a little bit of context. Grandmother was behind on mortgage and somehow she kept us from figuring it out. She passed, we find out. We catch things up. Current mortgage that my +Mom assumed when she inherited the home has an Interest rate that is too high and the current payments are entirely too high for her as a single income teacher. I’m simply trying to find a way to buy the house with an equity gift based on the appraised value in the current market to avoid a down payment based on what the loan to value could be(assuming this could workout in my favor) and pay nothing but closing. Let’s say house appraised at 150k, she owes 100k, gifts me the 50k difference and I take a new loan for the 100k remainder. New loan based on that 100k lowers payments, not the current payments based on a 150k loan. This is just an example for the sake of the post. Then I just rent her the home and keep it in the family, creating a place for her to live or an asset to sell in the off chance she ends up needing some sort of long term care when she gets older or needs assisted living. Im assuming this would be considered a second home, as I live in WA and she is NC. I hope this provides a little more clarity. I also realize this may not be this cut and dry or realistic. + +Thanks for the Silver! +[https://www.bloomberg.com/news/articles/2021-05-12/bill-gross-s-successor-to-quit-at-44-and-hit-the-road-with-kids](https://www.bloomberg.com/news/articles/2021-05-12/bill-gross-s-successor-to-quit-at-44-and-hit-the-road-with-kids) +I feel so horrible and guilty about it and I always try to counteract the thoughts immediately in the moment by reminding myself how much I love them and would be devastated if anything happened, but in the moments where I remember I am $500 behind on my electricity bill and haven’t properly grocery shopped in months the thought sneaks up on me like a snake in the weeds. +I’m struggling on my own currently and struggling to build a life for myself. I invited my mom to cohabitate so she could be closer to my little brother’s growing family while she got on her feet. +Am I the asshole for not thinking that’s enough and being afraid that the responsibility of providing for her will fall on me? -And that I’ll never get a real chance to be independent of her? +Going by P/E ratio for valuations is essentially boomer lingo in this market environment. It does seem concerning how far ahead these valuation are getting though, as far as the big tech names go. + + + "Elon Musk was surprised at the price increase of Tesla stock as his personal worth rose by $36 billion yesterday (October 25). Shares of Tesla ([TSLA](https://www.channelchek.com/news-channel/Raw_Materials_and_the_Scalability_of_Tesla%E2%80%99s__Vision)) jumped by 12.7% to $1,024.86. This equated to a market capitalization of $1.01 trillion." + + +"**Risk to Index Investors** + +Tesla now has a price-earnings (P/E) ratio of 332. The automotive industry P/E ratios generally fall between 10 to 30 depending on expected results. In the broader market, there are very few trillion-dollar companies.  They are the top five companies by market cap in the S&P 500, Apple, Microsoft, Google parent Alphabet, Amazon, and Tesla. In the aggregate, they are worth $9.3 trillion. That's almost 23% of the benchmark S&P 500 [US stock index's](https://www.channelchek.com/news-channel/Why_Index_Funds_Could_be_a_Mistake_in_2020) total value. Add in Facebook, which is a bit short of a trillion and these six stocks have a 25% influence over the S&P 500 movement." + + +[full read](https://www.channelchek.com/news-channel/Tesla%E2%80%99s_Strange_Influence_on_the_Markets) +Last year, [Nike acquired RTFKT](https://about.nike.com/en/newsroom/releases/nike-acquires-rtfkt) \- the digital sneaker brand building shoes for the metaverse who launched [their anchor PFP NFT project CloneX in collaboration with Takashi Murakami](https://opensea.io/collection/clonex). Obviously, this was a huge validator for the new & nascent NFT space, but few could imagine how fast Nike would begin integrating this tech - resisting the cold feet many big companies get when a crypto cycle ends. + +Currently, [Nike is selling 10 pairs of Air Force 1s branded under the CloneX project initially as metaverse-ready NFTs](https://lookbook.rtfkt.com/sneakers). The no-coiners can hold their whining since owning the NFT entitles you to a physical pair. RTFKT has [been doing this 'Forging' mechanic](https://www.youtube.com/watch?v=wl0Ws7ucWEk) for a year now where they've delivered physical sneakers to their holders. + +The back heel of the physical shoe has an NFC reader that is linked to the on-chain asset which verifies the product's authenticity. This, beyond a shadow of a doubt, ends counterfeiting. Sure, replicas will still exist, but you won't need to buy a pair of shoes off of StockX or eBay and wonder if they're fake or not or worse-yet: rely on subreddits like [r/Repsneakers](https://np.reddit.com/r/Repsneakers/) to "legit check" your shoes (who are far too trigger happy with the "*They're fake bro*"). + +This also allows the brand to have a greater presence throughout the entirety of the second-hand life of the product. Right now, when Nike sells you a pair of Air Force 1s through their website, it's over. They have no clue where that product is going to end up and which new owners will get ahold of it down the line. Nike sold Air Jordan 1s in 1985 for $65 and that was *really* the end of their involvement in the product. They don't get to see any cut of [the $2,500+ that shoe sells for now](https://www.ebay.com/itm/284831282703?hash=item425144760f:g:jfUAAOSwg45ikAsA&amdata=enc%3AAQAHAAAA4PGCUuwa%2BLf%2Freh1315DYT%2FqAwfCTeWKKlOW%2Bh4%2B9X3nrCMsjB4RNnLSHEooEhE%2BvOIxSorgXfZkK6ssCuDvUn0kqU6DVsMEo42OOH1H%2FkapmqJdp8PJaRCFv60rXzE2DpUV1u9CktOZhacYcni5N%2FvYXVYwpynOI8PZUZn2S2DeZwkZSSIm2p4IlYVPvQotc15GoI9TZpLZ0xd2IiQcF1LN7gmsMPsP1XOkvarO0KCspEFrEaJWvzEIBGVzEm4d%2BOXPKx8965WcDE4cgCRqDn3MV3XmPj0%2BDmVtsZ%2FiTibb%7Ctkp%3ABFBMvMP47N9g)... but eBay and PayPal do. + +[A company like Nike has been hellbent on going direct-to-consumer for quite a while now](https://www.businessoffashion.com/case-studies/retail/inside-nikes-radical-direct-to-consumer-strategy-download-the-case-study/), but NFTs are their key to taking this to the extreme by cutting out all of the parties who've been benefiting from their secondary revenue. I'm unsure if Nike will use a third party platform or create their own marketplace or if they'll integrate it into their existing online infrastructure. People will be quick to point out the complicated nature of keeping the digital and physical goods paired, but this has already been solved. There are systems where the NFT is placed in escrow while the physical goods are in transit and the user experience is seamless. + +In Web2, the consumer has to give anywhere from 14% to 30% of their sale price away to the e-commerce platform they sell it on. In Web3, the generally accepted royalty baked into a contract is anywhere from 0%-10%. This means, the consumer would be saving money, Nike will actually be making profit a second, third, and fourth time off of the same product, AND they'll have better insights into where their products end up. And no, the NFC chip can't track your every footstep as you walk to your local Starbucks. + +I highly recommend listing to [this Business of Fashion podcast on how Digital IDs (NFTs) will revolutionize the fashion industry](https://www.youtube.com/watch?v=RuuHlOMulV4&t). **They mention that brands will double the amount of profit they make on each product over its entire lifespan**. They use a different brand from Nike (Frame Denim) as an example. + +It's worth noting that there are significantly less handshakes that need to be done. Instead of all the handshakes between Visa, Stripe, StockX, the fraud prevention layer, etc. it's entirely peer to peer, but the brand still remains in the background due to the nature of smart contracts. + +The last benefit to the consumer I'd mention is the fact that you get a digital good which will be supported over time. Obviously, this is speculative, an added bonus, and still being figured out, but it is inherently a better value proposition. When things go from digital to physical, they typically get 100x more valuable (Walmart to Amazon, Blockbuster to Netflix). Interoperability is still largely misunderstood, but is happening in Web3 gaming right now with wearables. Imagine buying a new pair of Dunks from your local skate shop, then getting a digital pair same day to throw on your avatar in the Otherside or display them on a shelf in your Meta Horizons social space? Just little ideas. + +I figure I'd put this post together to show an example of how blockchain tech is being leveraged in a meaningful way right now with significant implications by one of the biggest brands on Earth. + +This is the tl;dr. Anything down here is elaborated on above. + +tl;dr: Nike is selling new shoes with an accompanying digital NFT. Benefits to brands: earn a small % on the second hand sales of every product sold, greater insights into aftermarket life of product as it transacts from owner to owner, eliminates counterfeiting. Benefits to consumer: eliminates counterfeiting, pay less fees on transactions (5% smart contract royalty vs. 14% to ebay and paypal), digital accompanying product that receives support over time. +hi guys, so i just started working at this job for 1 month, knowing the salary is lower than i deserve (minimum wage) but wanted to give it a try cuz i thought it would be comfortable workload and so good for my work-life balance. + +turn out my role is way more stressful than i thought. i have a job offer that offer 25% higher than this and also offer the WFH option which this job don't. overall this job just not worth it for me. + +What should I say the reason for resign? + +Thanks +Hi r/ethtrader, + +Reddit admin here. I’m one of the developers who has been working on the [r/EthTrader Donuts project](https://www.reddit.com/r/ethtrader/wiki/donuts), and I’d like to share some updates with all of you. + +In the last couple of months, we have been following [the work](https://www.reddit.com/r/daonuts) that u/carlslarson has been doing to [decentralize Donuts](https://www.reddit.com/r/ethtrader/comments/an5577/a_communityled_initiative_to_decentralize_donuts/). On behalf of the community, he has developed [multiple smart contracts](https://github.com/daonuts) that allow Donuts to be moved to the Ethereum blockchain, along with much of their functionality (including distribution and tipping), and acquired assets (like the subreddit banner and badges). It’s great to see all of this progress. + +As we [promised](https://www.reddit.com/r/ethtrader/comments/an5577/a_communityled_initiative_to_decentralize_donuts/) earlier, we will be integrating this implementation of decentralized Donuts into the Reddit UI. This means that Donut balances, as well as ownership of the banner and badges, will be read from the blockchain. We are just starting this work. It will take some time to build and test the integration, but we are hoping to have it done soon. + +It is important to remember that this project is still a work-in-progress. This is the beginning, not the end, and the focus should be on continued iteration and experimentation. If you see a flaw in the design, don’t panic! We can always fix the flaws and move forward. + +We understand that the community is concerned about on-chain governance. To avoid any unintended consequences, going forward governance polls will be considered as signaling tools, rather than absolutely binding. Once the community is confident in the decentralized implementation, the community can return to experimenting with binding governance. + +We started this project to reduce the dependence of online communities on centralized actors and make them self-sovereign — communities that exist on their own and have the tools to chart their own destiny. The r/EthTrader community believes that Ethereum smart contracts is the right approach to fulfill this mission. For that reason, we are committed to supporting the community-led initiative to put Donuts on Ethereum blockchain and we look forward to seeing where it goes! +Hi guys, + +Very basic question. I see banks have hardly recovered compared to a lot of major companies since the onset of the pandemic. + +Whats the outlook for say : BNS, BMO or TD for example on a mid-term investment? Is it a foolish area to put money. +A bit of a touchy subject as we all seem to believe we only make the right decisions but what are some of your worst investments you have made? I've made a few stinkers but I have to say my worst yet was about 15 years ago. + +I was new to investing and didn't really understand fundamentals. I would browse forums and see what everyone was talking about and invest from there. 0 research. Funny enough it worked for a while and I managed to turn 2k into 4k over the space of a few months. Pure pot luck, however I then decided to invest in a mining company (if you can call it that) with everything I had. Safe to say I lost the whole lot, down 4k in a matter of weeks. At the time this was a all the money in the world to me and put me of investing for long time. + +&#x200B; + +I still hold the shares today, they are worth about £100 but I keep them so every time I log into my account the big red glaring number reminds me not to invest in hype and do your homework first. +So I invested a little in their Crowdcube campaign and they just posted an update claiming to be so + +&#x200B; + +>Here’s a data point we haven’t shared before: **We are the third largest retail stockbroker in the UK**. +> +>This is based on the number of trades through the London Stock Exchange’s RSP network. The data covers all of 2020 and is from the LSE itself and how it tracks market share amongst retail stockbrokers. +> +>That’s an incredible stat given we only removed the waitlist and launched publicly in April 2019. We went to third place in the span of a year! + +&#x200B; + +Thoughts? +Hi all!! + +I’m setting up a monthly contribution into my ISA to be earmarked for helping my girls (3 and 1) in the future (house deposits, uni, whatever I feel is useful). It’s gonna be a £5k lump sum and then £150 a month (basically the child benefit we get for them). I want something medium risk. + +I have been scouring this forum and have come up with these 2 funds. What does everyone think to splitting 50/50 between... + +Vanguard FTSE Global all cap index + +Baillie Gifford Positive Change + +I like the idea of their money going towards ethical companies as well as being well spread out to mitigate specific industry crashes. +Just got an email from Trading212, "Amendments to Legal Documents". + +Reading the changes, T212 are going to start lending users' shares to third parties (e.g. for short selling). There is no way to opt out. + +Something to bear in mind if you're not comfortable with that. +Obviously I am not a trader and I have a full time job. + +However, what would be useful is an app or website where I could have push alerts set when an individual stock I’m either looking at or hold releases accounts or real newsworthy information. + +Sometimes I see a stock of mine rise in price which means I need to google what is driving it. It would be good not to have to do this. + +Free is preferable, but open to a few charging service if really good. +Gamestop is a heavily cross traded security according to Bloomberg Terminal. Indication of interest trades are executed off the exchange and don't appear even on Level II data, and they are executed in block trades to lessen the impact on the security's price. These upstairs markets are where dark pools form and are flooded with institutional block trades. Below is unbiased, statistical data exported to Excel. + + + + +[Here is "upstairs" traded volume plotted along with total volume of the day.](https://i.imgur.com/l30mM8o.png) + + + + +[Here is bar graphs of "upstairs" traded volume along with total volume of the day, and plotted Daily Price % Change.](https://i.imgur.com/aOXL728.png) + + + + +[Here is % of "upstairs" trades cross traded, with y-axis starting at 99%.](https://i.imgur.com/Gh9hW0e.png) + + + + +[According to Bloomberg Terminal's Security Finder, GME is listed as a cross traded security.](https://i.imgur.com/NXTVxl9.png) + + + + +Edit: [As requested, this data is derived from IOI & Advert Overview. Thanks for the shiny awards](https://i.imgur.com/7N4dUNd.png) +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. +Yes, I know, many people will say that "it's secret", and it's OK not to answer, I respect that too... ☺ + +However as much as I understand, Forex Trading is usually based on chance, so there is no "100% winner strategy", just better and worse ones. And if someone can trade with an above 50% success, that should make profit on the long term. (\*edit: Yeah, as others say Risk-Reward also plays a big role; I mean above 50% like profitability, so if you calculate all the wins & losses proportionally; or simply like 50%+ profitable days / weeks / months, or something like that.) + +So if you want to answer: + +**► Which are your favorite assets to trade?** (e.g. classic forex pairs like EUR-USD, crypto, market indexes, etc.) + +**► What is your usual Entry / Exit strategy?** + +**► Risk-Reward ratios?** + +**► Favorite brokers?** + +**► Other general advice?** + +Thanks in advance, and have a nice day! ☀️ + +\------------ +I just wanted to remind everyone that trading is a marathon not a sprint. Invest in books and backtesting. + +Take time off. I didn't look at a chart for about 2 months. Your journey won't be like anyone else's. + +Most importantly, be kind to yourself. + +💖 +I think this question gets asked pretty regularly by people looking forward to “Early Retirement” but still wanting to have a little bit of work and the ability to make extra money if the zombie apocalypse happens within the first two years of their retirement. I personally only lasted two months in “early retirement” before I realized I liked my work but not my previous job. So here is my “in the trenches” guide to being self-employed. + +Who this is for: people who already have some/plenty of money and don’t need a steady monthly salary, but want a potential source of income by delivering a service or product they are pretty good at. + +Who this is not for: people just starting their career with no track-record or financial cushion. I am not saying you shouldn’t try self-employment, but the potential risk factors and considerations are different, and this guide might not work for you. + +The first thing you need to do is decide what you want to offer. I would recommend starting off with what people paid you for in the past. If you are a software engineer, coding. If you are a mechanical engineer, CAD design (I know that is a redundant term). If you are a teacher, tutoring. I am an accountant, so I started there. + +I do not recommend going from being a banker to a donut shop owner. Please, please, please do not try being a motivational speaker, crypto guru, or FIRE blogger/youtuber. I say this mostly for aesthetic reasons, not because I don’t think you can make money at it (but you also probably can’t). + +Next, test out market demand for your product or service. I would start with people you used to work with. Because you do not need cash immediately, the conversations don’t need to be aggressive “hard sells” or the pitiful desperation you sometimes see in job interviewing. I have found conversations like “hey, I am available for <this type of work or service> if you need help.” Tell that to everyone. Set your LinkedIn to show your new “job.” Maybe make a website. The bottom line is you want to let people, who already know you are good at your work, know that you are available for ad-hoc support, locums, temporary assignment, special projects, etc. + +Then just wait. If nobody gets back to you for 6 months, reach out again. If you still have nothing, then you might not have been as good as you thought you were at your job. Or maybe you just need to wait longer. This step is the reason why this plan is mostly for people who already have financial independence. The level of stress is significantly less when you don’t need to worry about making rent or mortgage payments. Instead, you can continue to work on other hobbies, projects, skills, or shitposting and treat it as an extended sabbatical. But in my opinion, word of mouth is a powerful sales funnel for people with a recognized valuable skillset. + +If you really, really want work, you can always consider some of the freelancing websites. You already know what those sites are, so I won’t belabor the point. The only thing I would say is that it is better to be “[above the API](https://www.forbes.com/sites/anthonykosner/2015/02/04/google-cabs-and-uber-bots-will-challenge-jobs-below-the-api).” The less you depend on an intermediary for your income, the better. + +Once you get a client, start setting up your “infrastructure.” + +1. Open a separate “business” bank account to collect your income + +2. Consider opening a separate “business” credit card to pay for whatever needs to be paid for. Set up your business credit card to be auto-paid out of your business bank account. + +3. Figure out if you need to register for any sales taxes, business taxes, etc. This is very jurisdiction-dependent, so you will need to do your homework. + +4. If your line of work requires you to be registered with some professional or regulatory association, make sure you do that. + +5. I recommend considering buying commercial general liability (CGL) insurance, but it isn’t necessary if you are not worried about being sued for your work. But just remember that if you already are pretty well-off, you might end up being a frivolous-litigation-magnet. Edit: get professional liability insurance too. Thanks u/redol1963. + +6. Sign up for Xero or QBO or one of the other cloud-based bookkeeping products. Link the bank account and credit card transaction feeds described in steps 1 and 2. Anytime you need to bill someone, use the invoicing function in the bookkeeping software. Use the mobile app to take pictures of receipts and classify any of your expenses. Once it is all set up, your bookkeeping can be done by you and usually will only take a couple minutes per month. It will save you lots of head-aches when tax time comes. + +7. If at all possible, sign up for a service that lets you automatically debit payment from your customer’s account, or go with a credit-card processor depending on the size and number of transactions you process. I use Rotessa, and they are awesome, but there are many options. It should integrate with your accounting software in step 6 to grab all of the invoice due dates and schedule the payments, then tell the bookkeeping software when it has received the cash. **One of the worst parts of moving from being an employee to self employed is shaking people down for money they owe you.** It is terrible. Automate it and avoid these hard conversations. + +8. Hire an accountant and (possibly) a lawyer to make sure you don’t do anything especially stupid. + +As you can see, the above steps will likely cost some money. But the advantage is that you are automating and simplifying your life as much as possible so that there are fewer headaches down the road. Because you are already FI, the infrastructure shouldn’t represent a significant amount of your annual spend, but it gives you the optionality to easily pick up work without much difficulty. Questions about whether to set up an LLC or incorporate are best left to your accountant, but I would recommend not getting too carried away until you know this gig is something you want to invest more time and energy into. + +If/when you start adding more clients, I would recommend you never, ever, ever take on a client that will represent more than 50% of your target “full time” workload. I have found that if you stay below the 50% threshold, you can avoid creating another “job” and maintain the flexibility and autonomy that most people desire when they start a freelancing/consulting gig. You might even want to be explicit with clients that they are the minority of your work up front so that they don’t get any crazy ideas about how demanding they can be. If your line of work is only feasible working full time for a period of time, then I would try to limit the duration of each engagement to give you an opportunity to get out without too much drama if you don’t like that client. + +For charging, my preference is to only offer monthly or lump-sum rates for my service. I know this might not work for everyone, but I would recommend aiming for that. I hate tracking my time and dickering with people about whether the hours are correct. Decide how much you want your time to be worth, estimate how much time a project or client will take, then tell them that is the price. My favourite thing to do if they want to negotiate price is to then offer fewer non-core services or features as a result (“I can’t be offering weekly updates or same-day responses for that price. Is that ok?”). I consider this to be a win-win outcome. They are happy they are getting a better price, and I am happy that some of the tedious or unpleasant aspects of the project or engagement are now out-of-scope. I am not sure how well this translates to all businesses, but I think it is a powerful tool to use when working with customers in many industries. + +If there are customers that turn out to make your life more difficult, just get rid of them. I have tried all sorts of ways of giving subtle hints or trying to convert bad clients into good clients, but it never works well. Just dump them and tell them it is a bad fit. You don’t need this shit. + +And that is pretty much it. Feel free to tell me I am an ill-informed idiot and that these steps are not universally applicable to every human alive today. Both of those comments are probably true. But I can say that I have helped people set up their own “business” in this way, and it can work pretty well in a lot of scenarios. Again, this is only if you are looking for something for a bit of extra cash or to keep your existing skill set sharp. It is a bad way of starting a business if you need a reliable monthly income, or if you hate your current job, occupation, and industry. + +I hope this helps. For those in the know, please feel free to add anything that I might have missed. +What's all the rage about?! The cultural movement that 420x is based around brings the community together and provides us the strength to strive for greatness. Our cause is to work together as collective, united as one to bring global matters to the forefront of peoples attention, and create positive impacts across the globe for everyone. Our immediate goal is to unite a global community of likeminded individuals by establishing the 420x brand through partnerships with online and brick and mortar shops, dispensaries, influencers, charities, and celebrities. + +&#x200B; + +The community at 420X are devoted to our success because they understand 420x is not just another crypto currency but a defining moment between crypto and counterculture. We pride ourselves at being a part of a very lively community which also happens to be in the forefront of a rapidly growing industry. Our vision is to bridge the obvious gap and create the world’s first marijuana friendly cryptocurrency brand. + +&#x200B; + +We have an onslaught of AMAs in the coming days so tune in and get your moon bags ready! + +\- 5th May 16:20pm UTC - Community AMA + +\- 6th May at 5:00 PM UTC - AMA with a 30K telegram group + +\- 7th May at 19 UTC - AMA with a 15K telegram group + +\- 9th May 18:00 UTC - AMA with a 143K telegram group. + +&#x200B; + +What 420x has achieved in only 15 days! : + +EXCHANGE LISTING - Tiger Coin have announced they have been released on their exchange! ✅ + +Over 18k holders ✅ + +Almost 10.5k telegram members that are super active ✅ + +Audit by Tech Rate [https://420xcoin.com/420x.pdf](https://420xcoin.com/420x.pdf) ✅ + +&#x200B; + +Our coin distribution is one of the best on the Binance Smart Chain, they have no whales that can dump harder than our liquidity. One of the healthiest charts for a new project. + +I got my moon bag! Are you ready to go high? + +&#x200B; + +💸 Insane Liquidity - 1.2M Right Now At Such a Low Market Cap + +❇️Contract : [https://bscscan.com/address/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a](https://bscscan.com/address/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a) + +(Audited by TechRate) + +🍰 Buy here on PancakeSwap : + +[https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xC4b790e1D5f0c3d8AA526F0A8098eD2A1ff0886a](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xC4b790e1D5f0c3d8AA526F0A8098eD2A1ff0886a) + +420x Official Links : + +Join Telegram and jump on the Voice Chat, Devs are awesome they are just like us Degen’s and always clear any questions! + +Telegram : [https://t.me/The\_Real\_420X](https://t.me/The_Real_420X) + +Website : [https://420xcoin.com/](https://420xcoin.com/) + +Twitter : [https://twitter.com/420xcoin](https://twitter.com/420xcoin) +I've noticed some people find it hard to empathise with people who have been or are currently in a situation where they are drowning in debt. Maybe because a lot of people on this sub are doing well financially... but there is that underlying judgment that being in debt is all a matter of wrong behaviour, lack of self-control, or lack of motivation. While that may be true, I'm sure it's not always the case. + +So for those who are or have been in a lot of debt, I would like to know what your real story is, how did you get in that situation and what are your plans to get out of it? If you are finally debt free, how did you do it? +The quote in the title is common when people are bullish after good news. I’m not going to go against it, if it works it works, but I’ve always had one question(also obvious in the title lol): where do you get the rumor? + +You can’t download a news app and get rumors off there, because isn’t that news? + +Do I listen to random people on reddit who are balls deep in a penny stock nobody’s even heard of(no, no I don’t)? Or who are posting bullshit charts and qualitative analysis trying to pass it off as DD(shoutout to the people who post real DD on here, i acknowledge the dedication & skill it takes for one of those posts)? + +Where do I get these rumors? Should I start a joint account with a homeless guy who claims he has a 1000% per year guaranteed strategy? +TLDR; First degree is useless to me, current job doesn't pay great, will sacraficing more time for another degree be a better move if I end up in a higher paying job? + +(28.5M) I studied to be a dietitian, couldn't find full time work, started my own business, hated it and was broke. So since graduating highschool I managed to gain a 40k HECS and end up with not much more than 20k savings and 20k super. (I did travel alot). + +About a year and a half into the pandemic I went back to working full time hardware/timber supplies which I've done since high school. + +Currently I earn like 55k in internal sales but eventually could get sales rep position that pays 70k and not sure what else after that. + +I feel like I am already behind and am worried this career path will restrict my financial freedom. + +A part of me wishes I did something like engineering and found a decent job. My life from 18-28 career-wise and financially has felt like a waste of time and a huge hit for my financial future. + +Would appreciate some insight/advice! +Lads, + +What investment mistake do you often look back on? + +Looking to see if people have learned from their mistakes, I for one certainly have. Thankfully it wasn't a huge loss. I've dabbled in penny stocks and sadly have only taken losses on them (haven't sold yet!) + + My Currently loss about 100$, although I don't plan to sell until it goes back up (hopefully 🤣) I also don't plan to continue to buy penny stocks. SPO and EWS are my two biggest regrets. + + +What's your biggest investing regret or mistake to date that you wish you could do over! + +Let me know! :) + +Cheers 🍻 + +How on earth would I be able to know what course has got better or even good job prospects when all Uni courses claim exactly the same, whther its undergraduate or postgraduate? + + +Edit: thank you soo much for all the comments. Just to clarify, im in a situation of doing a postgrad at my local Uni. Regardless thank you all so much for the comments. +Are February and March good months to invest in crypto? I'm reading a lot of stuff about prices getting corrected during these months. Does that automatically mean that values will drop a bit? Does anyone has experience with this phenomenon in the last couple of years? +At this moment I only have these coins in my mind. XLM, XRP,IOTA, ADA, XRB, TRX +Which coin would have high yield in 2018 and long term? (interested in other coins also) +I just finished reading Peter Thiel’s « 0 to 1 » (fascinating book). The author praises having a monoply earned through succes over competition. + +Some canadian companies with a monopoly in their sector that comes to mind are Canadian Pacific and Canadian National (railways) and Alimentation Couche-Tard (convenience stores). Do you have any other? How come are they a monopoly? +The chief executive officer of RioCan Real Estate Investment Trust has a message for investors: The company’s distributions are safe. + +“Either the market has way overreacted on the downside, or there’s this feeling that the world is so awful that they’re all going to be cut,” RioCan CEO Ed Sonshine said about payouts to investors in an interview with BNN Bloomberg Tuesday. + +“I can assure you that’s not the case for RioCan.” + +Investors have punished the TSX’s real estate subgroup, sending it down 28 per cent so far this year, amid the economic uncertainty caused by COVID-19. RioCan’s units have plunged 43 per cent since the end of February; and, as of Tuesday, the company’s yield was sitting at 10.11 per cent. + +The current yield is “probably the highest we’ve ever traded at in history, and our portfolio is the best it’s ever been in history,” Sonshine said. + +His comments come one day after the federal government unveiled its latest relief measure – the Large Employer Emergency Financing Facility (LEEFF) – which will offer bridge loans to companies unable to secure traditional financing amid the pandemic. + +While Sonshine noted that lockdowns will hit some of RioCan’s tenants – specifically Cineplex Inc. and Goodlife Fitness Centres Inc. - harder than others, the ability for businesses to thrive in a post-pandemic world will be determined by the strength of each firm’s underlying businesses models. + +“I would think they’d be the perfect candidates because they need a bridge to get them through, where their basic business model starts working again.” + +https://www.bnnbloomberg.ca/riocan-ceo-guarantees-distribution-amid-covid-19-turmoil-1.1435364 +My past experience as a residential landlord (20+ years) has been that bad economic times increase residential rental demand. What is the community's opinion on the residential rental market over the next 18-24 months? +So I (35M, USA ) have a very blessed dilemma and I recognize what a lucky spot I am in but sometimes having money is a curse. I am a minimalist Digital Nomad who has 1 pair of shoes, 1 pair of pants but has focused on the same career for a very long time and am paid very well for it. I help startups with marketing/growth remotely. I've made good money for the past 12 years, but never spent hardly any of it. I literally live in 3rd world countries working for San Francisco startups...so I've amassed about $200-$250k (depending on how much is liquid vs in the stock market on a given day) and put off being adult and getting some real estate for the last decade. Now, I'm back in US A for a month or two and want to do that, but before I do I thought I'd post all my life's intricate personal details and see if I can crowdsource the gumption to finally pull the trigger on an investment....so here are my details: + +\-Never bought property before. + +\-Debt free + +\-780 credit + +\-From Columbus, Ohio which is a really cheap market but never want to live there, although putting residency here (and just nomading from there) is much cheaper than doing so in CA. + +\-Prefer to live in Southern CA, around Hollywood Area which is very expensive but worth it. + +\-Very good credit, working on preapproval right now. + +\-Most likely not going to stay in USA all year, so will be renting out for income. + +\- I also work from home 24/7 so If I rent a home/office as well as own a rental property ( and don't live in the same) then I get 2 tax deductions (home office & mortgage) vs. 1. + +So should I: + +A) Buy 2 duplexes in cash in Ohio, rent them out remotely via management company and then just refinance them later on when I am ready to settle down with a home in CA. Yes $200k buys 2 rented duplexes in Columbus roughly $30k of annual income with headaches of winter, bad tenants and bad real estate laws in Ohio. + +or + +B) Get a loan for as much as I can with $200k downpayment and buy a 4 unit place in CA and take one unit as a residency in CA while subleasing when traveling. This will make roughly $1500/mo when rented out fully but will appreciate much more over time. When I live in it it will save me $20k a year on not paying for rent. + +or C) Absolutely not make any moves right now with the impending doom that everyone keeps warning me about in the housing market "bubble" and just keep stacking cash and waiting for the price correction? + +or + +D) Do a hands-off, silent investor real estate syndicate deal where I don't do anything and just invest. I've seen many schemes and a few people have recommended this to me as an alternative since I am not really looking for more work involved with ownership.... + +E) Do something besides real estate entirely with the cash? + +Thoughts? Guidance, I have put this off for so long so posting and talking about it and getting your help guys will really help me be a grown-up and finally make some adult moves. Thank you so much in advance. +After all the nonsense I've been reading about gherkinit on this sub the last couple of weeks I've decided to make a stand. + +Screw all the assholes out here spreading FUD. OG apes who have been here since the start please raise your voices as it's getting ridiculous. + +How many good DD writers have been chewed up and spit out on this sub and have decided the backlash and ridicule isn't worth their time. + +I say no fucking more. Critical thinking apes, gherk has been posting daily for months on end and no one was anything other than grateful. He releases a moass DD and offers up an explanation for all the price action we've seen based on market mechanics and observable facts, and all of a sudden he's being roasted on here because people want to give him financial advice. + +Only 2 reasons for the bullshit: + +1. People got burned playing weeklies on the back of his expected price movements... Against his advice I should add + +2. He's completely right about everything and there's a new FUD campaign been launched against him to try and get him to quit writing DD/ stop streaming. + +Watch/don't watch it's up to you. Read his DD or don't it's up to you. + +But shut the fuck up about it and leave those of us who appreciate what he does to get on with it. + +We know there are bad actors in this sub payed to create division, this is another fucking example and I'm sick of letting them win. + +Thanks for all you do gherk. I'm one ape who looks forward to your daily analysis and watches along when I can. I've learnt a tonne + + +Edit... Should prob have stated this was in response to a post called done with gherk that made it to the top of hot yesterday that was just bashing him and spreading FUD for no reason. Annoyed me that shills are spreading bs and running around with their pitchforks trying to cause division. Buy, hold, drs if you can +I think this subreddit has a pretty diverse set of people browsing that are not blind, nor stupid. I strongly believe a great deal of these "news" articles have been brigaded or vote-manipulated. + +"Russia investing in bitcoin = fake news." Absolutely, I do not disagree with that. Taking a completely non-influential Russian's political beliefs on Twitter and spinning a news article on it - that's some bull shit. Conflicting articles on the legality of cryptocurrency in India, this is all dog shit. + +If cryptocurrency is to be taken seriously, if it is to be the "way of the future", then its advent would only be accelerated by destroying websites that are profiting off of the fringes of the success of cryptocurrency. + +EDIT: If a political figure, political body, celebrity, or well-known entrepreneur / business owner (Elon Musk, Winklevoss Twins, a state senator, a massive city's mayor, a country's president, etc.) have something to say, usually they'll say it on Twitter and it's better for us to see what they say there than read some news source that's going to make 1000 words out of what these public figures can say in 280 characters on social media. + +EDIT 2: While I won't list any specific articles, I suppose **some, purely 100% speculative** articles would be just fine. For example, if someone maintains a blog on Medium and investigates the topic of a particular bitcoin ETF, or if someone runs a wordpress blog and entertains the idea of banks offering cryptocurrency custody solutions, or if somebody cites real sources from real people without trying to jump to B.S. conclusions, I'm all for it! I just don't want to see something that says, "BAKKT is coming online. So now president Trump supports bitcoin!" in the headline. +[u/Maniquoone](https://www.reddit.com/u/Maniquoone/) posted a [Tweet](https://twitter.com/Spiro_Ghost/status/1596625144814141441?cxt=HHwWgoDUwYSHragsAAAA) yesterday (now removed?) about a 'central banker' and their ambitions for CBDCs. It's vital to highlight and discuss this content, but the title for this individual is *far* too generic. With the popularity of that post, I'd like to strike while the iron is hot and expand on who this person is and the organization for which he works. + +His name is *Agustín Carstens*, and he's the current General Manager of the *Bank for International Settlements* (**BIS**), **the organization which I believe is the final boss in this saga.** + +\--- + +# It's a shit hill, Rand + +Just like how shit flows downhill, debt fails upwards. For example, if you default on your mortgage and flee to Mexico ^(figure of speech), your bank would take your house but still own the debt you left behind. While obviously oversimplified, this is a crucial idea to understand and needs to be applied at the highest level, the MOASS level, once financial whales start to get harpooned. + +The DD has outlined the (also oversimplified) order of operations for cascading defaults in US markets as basically this; + +*retail < hedge funds < banks < prime brokers < DTCC < FED* + +I believe this is incomplete. + +Let's recap the last two quickly; + +# The DTCC + +The *Depository Trust and Clearing Corporation* ([DTCC](https://www.investopedia.com/terms/d/dtcc.asp)) is an American financial services company founded in 1999 that **provides clearing and settlement services for the financial markets**. When the DTCC was established in 1999, it combined the functions of the *Depository Trust Company* ([DTC](https://www.investopedia.com/terms/d/dtc.asp#toc-what-is-the-depository-trust-company-dtc)) and the *National Securities Clearing Corporation* ([NSCC](https://www.investopedia.com/terms/n/nscc.asp)). + +[The DTC, NSCC and FICC are all subsidiaries of the DTCC, but they're all the same entity.](https://preview.redd.it/9n5bk95xhz2a1.png?width=1020&format=png&auto=webp&s=f7f5fed32df946d185c7a03d493e5aed0f34ac8a) + +https://preview.redd.it/34bpoa5xhz2a1.jpg?width=1719&format=pjpg&auto=webp&s=b7dfda2e325d0594d413cdee8e39acdc6613dfb9 + +**The DTCC is the holding company for registered clearing agency and non-clearing agency subsidiaries**. And it holds **6.9** **metric fucktons** of stuff; + +[2016 - $36B, 2017 - $34.2B](https://preview.redd.it/k7pa11xzhz2a1.png?width=710&format=png&auto=webp&s=31f47eb234887217d46a151c996ce2b4a6d4b176) + +[2018 - $47.9B, 2019 - $52.1B](https://preview.redd.it/gpppcl54iz2a1.png?width=684&format=png&auto=webp&s=dfac883a1e429d23e74b42c196fd8d7937f4e73e) + +[2020 - $74.1B, 2021 - $74B](https://preview.redd.it/snuzpq51iz2a1.png?width=687&format=png&auto=webp&s=a1af28e1fa5c2a1a43b4a00851f76acaef53b34a) + +Fun fact - the DTCC went from owning assets worth 0.272% of all M2 USD in circulation in 2016 ($36B 2016 summary assets/$13.2T [M2](https://fred.stlouisfed.org/series/M2SL) Dec 2016), to owning assets worth 0.344% of all M2 USD in circulation in 2021 ($74B 2021 summary assets/$21.5T M2 Dec 2021). + +In 2021 The DTCC [reported](https://www.dtcc.com/~/media/files/downloads/about/annual-reports/DTCC-2021-Annual-Report) an official total revenue of $2.054 billion, and a total value of securities processed at $2.37 **quadrillion**. *That's $2,370,000,000,000,000.00!* + +The DTCC’s user-owners include **Citigroup, BNP Paribas, JP Morgan, State Street, UBS, Goldman Sachs, Morgan Stanley, Virtu, Barclays, BNY Mellon, Bank of America.** + +# The FED + +The Federal Reserve's ([FED](https://www.investopedia.com/articles/economics/08/treasury-fed-reserve.asp)) **primary responsibility is to keep the economy stable by managing the supply of money in circulation**. ^(nice job, fuckos) The FED monitors financial system risks and engages domestically and internationally to help ensure the system supports a healthy economy for U.S. households, communities, and businesses. + +The Treasury manages all of the money coming into the government and paid out by it. + +"[M2 Money](https://fred.stlouisfed.org/series/M2SL#)" is a measure of the U.S. money stock that includes M1 (currency and coins held by the non-bank public, checkable deposits, and travelers' checks) plus savings deposits (including money market deposit accounts), small time deposits under $100,000, and shares in retail money market mutual funds. + +https://preview.redd.it/gu1vrmebiz2a1.png?width=610&format=png&auto=webp&s=f105df39a93f1c63e31137de3a872c51715b3b9e + +[M2 Supply](https://preview.redd.it/xtp8rh8eiz2a1.png?width=1168&format=png&auto=webp&s=451b0eed4964862a5b6e85a9b631c7addd797a20) + +There are 12 individual Federal Reserve Banks, all of which have stock that is not freely transferrable, pay dividends and are held by private banks. + +[https:\/\/www.federalreserve.gov\/aboutthefed\/structure-federal-reserve-system.htm](https://preview.redd.it/p0qxkyigiz2a1.png?width=776&format=png&auto=webp&s=e8d42a164ca5bd4652777af9e4146598a7dd3925) + +The FED was created by Congress, and for national banks membership and FED stock ownership is mandatory. The FOMC is under majority conrol by the federally appointed [Board of Governors](https://www.federalreservehistory.org/people). + +[https:\/\/www.federalreserve.gov\/aboutthefed\/structure-federal-reserve-system.htm](https://preview.redd.it/5sezd9kiiz2a1.jpg?width=650&format=pjpg&auto=webp&s=2f136cd1e1e901b55a8d2c8b515bb6ef900cca12) + +The FED currently has **$8.621 trillion** in total assets; + +[https:\/\/www.federalreserve.gov\/monetarypolicy\/bst\_recenttrends.htm](https://preview.redd.it/bj3htvckiz2a1.png?width=1165&format=png&auto=webp&s=9e9568ad46046284934069d7a12c3c24414a5f09) + +US Reserves Assets currently [total](https://www.federalreserve.gov/data/intlsumm/current.htm) $232 billion. + +https://preview.redd.it/sebr6gtliz2a1.png?width=1152&format=png&auto=webp&s=6cdf4530370fe6c698ee647523931dfe96785d81 + +Note the spike in "speacial drawing rights", highlighted details in footnote #2. There was a massive spike in 2021 with the increase in money supply at this time. + +# SO... + +The FED has significantly more assets than the DTCC, makes sense, this is not new information, but what makes them so much more powerful and infleuntial is **their ability to control the USD supply**. Plain and simple. + +**Remember this.** + +# Augstin Carstens + +[Wiki summary](https://en.wikipedia.org/wiki/Agust%C3%ADn_Carstens); + +* In the mid-1980s Carstens rejoined the Bank of Mexico. **Before turning thirty he was appointed treasurer, effectively taking charge of the national reserves.** +* Rising through the ranks in the early 1990s, he was appointed chief of staff of chairman Miguel Mancera, and served as Director General of Economic Research at the end of the 1990s, **in charge of designing the Bank's economic policy** +* After many years at the Bank of Mexico, Carstens **took a position at the IMF and served as the deputy managing director** from 1 August 2003 to 16 October 2006 +* Carstens left the IMF to coordinate the economic policy program of Felipe Calderón, then president-elect of Mexico, who appointed him as secretary of finance shortly after the election was validated. +* On 26 March 2007, Carstens was **additionally appointed new chairman of the joint** **World Bank**/IMF Development Committee, a position customarily occupied by a developing country finance minister. +* As secretary, Carstens **took the unconventional decision to** **hedge** **Mexico's oil earnings for 2009 against possible price falls, leading to an $8 billion profit for the country.** +* Carstens was nominated to the Bank of Mexico on 9 December 2009 by President Felipe Calderón, **replacing 12-year veteran** **Guillermo Ortiz**, who reduced inflation from double digits to 4 percent by the end of 2009. He was confirmed by the Senate on 15 December 2009 with 81 votes in favor and 19 votes against. + +https://preview.redd.it/c8dt3smoiz2a1.jpg?width=640&format=pjpg&auto=webp&s=a2b4e365173e4d5550669f7486710b1fbfd96ec9 + +From an interview on June 25, 2018; + +>[Q](https://www.bis.org/about/archive.htm?m=2005): Don't you think it's a positive side effect that Bitcoin has got many young people thinking about money, money creation and the financial system? +> +>A: **Glance back into the past and you will see that creating gold or money from nothing has been a regular obsession. It never worked**. Even the great physicist Isaac Newton was at one point in his life obsessed by alchemy and the idea of making gold. He was very successful in a number of fields, but in this one he failed. Newton ended up as head of the British Mint. Why? Because he could detect at once if a coin was counterfeit. **After he failed in his attempt to make gold, he switched sides and sent counterfeiters to prison. So my message to young people would be: Stop trying to create money!** + +A) literally not the point, nice deflection, and 2) *"Don't do that! It's bad! Remember that one guy! It didn't work!"* + +&#x200B; + +>Q: A well respected book about the BIS \[[The Tower of Basel](https://www.c-span.org/video/?313679-1/tower-basel)\] made reference to the "secret bank that rules the world". **How secret is your bank in actual fact?** +> +>A: Well, here you are sitting inside it, so - so much for secrecy! But seriously- **We have made it our goal to present a more diverse and more human picture of the BIS - among other things, in our Annual Report and through our internet presence. We want to become more approachable.** Much of what we do here is public. The bulk of our research, for instance, is public. **Obviously, there are some activities, also discussions, which by their nature are subject to confidentiality. But I can assure you that such business is less exciting than some people imagine** \- and as for ruling the world: hardly! In two years' time, we'll be celebrating the 90th anniversary of the Bank's founding. We want to use the occasion to better explain what we do here and how important our activities are. + +"Someone presented a strong case you guys are criminals, so, sup?" + +"No! We are in the building! We want to have an instagram account! Ha Ha! Most of our discussions are public! And we are only 90 years old so we cannot control the world." + +&#x200B; + +Wow. *Spoken so eloquently.* Exactly as competent as you would expect for the GM of the bank of all banks with a lifelong resume in global finance. Doesn't he just *exude* confidence and perfectly and efficiently address the concerns laid out in the question like a stone-cold, remoreseless, mathmatically gifted sociopath, like all other people in those positions? + +*/s* + +This man has one of the *highest* positions in global finance, and is an absolute buffoon. + +I mean... just like the [Tweet](https://twitter.com/Spiro_Ghost/status/1596625144814141441?cxt=HHwWgoDUwYSHragsAAAA), the General Manager of the fucking BIS is explaining how they don't know who uses cash bills.... It just makes my brain hurt. And for the part where he said *"that will determine the rules and regulations on the use of CBDCs"*, he had to look down to read the line... Just...yikes. + +Almost every other instance of him speaking is nonsense. + +In my speculative opinion, he is likely a front for the people really writing the rules and potential fall guy to global finance just like I think SBF was to FTX. But that's neither here nor there. + +# BIS + +The Bank for International Settlements is **an international financial institution offering banking services for national central banks** and a forum for discussing monetary and regulatory policies. + +^(🦍 - They are a singlular global central bank for all the major national central banks around the world. It is the bank of banks.) + +Established in 1930, the **BIS is owned by** [63 central banks](https://www.bis.org/about/member_cb.htm), representing countries from around the world **that together account for about 95% of world GDP;** + +Bank of Algeria, Central Bank of Argentina, Reserve Bank of Australia, Central Bank of the Republic of Austria, National Bank of Belgium, Central Bank of Bosnia and Herzegovina, Central Bank of Brazil, Bulgarian National Bank, Bank of Canada, Central Bank of Chile, **People's** **Bank of China**, Central Bank of Colombia, Croatian National Bank, Czech National Bank, Danmarks Nationalbank (Denmark), Bank of Estonia, **European** **Central Bank**, Bank of Finland, Bank of France, **Deutsche** **Bundesbank (Germany)**, Bank of Greece, **Hong** **Kong Monetary Authority**, Magyar Nemzeti Bank (Hungary), Central Bank of Iceland, Reserve Bank of India, Bank Indonesia, Central Bank of Ireland, Bank of Israel, Bank of Italy, **Bank** **of Japan**, Bank of Korea, Central Bank of Kuwait, Bank of Latvia, Bank of Lithuania, Central Bank of Luxembourg, Central Bank of Malaysia, Bank of Mexico, Bank Al-Maghrib (Central Bank of Morocco), Netherlands Bank, Reserve Bank of New Zealand, National Bank of the Republic of North Macedonia, Central Bank of Norway, Central Reserve Bank of Peru, Bangko Sentral ng Pilipinas (Philippines), Narodowy Bank Polski (Poland), Banco de Portugal, National Bank of Romania, Central **Bank of the Russian Federation**, **Saudi** **Central Bank**, National Bank of Serbia, Monetary Authority of Singapore, National Bank of Slovakia, Bank of Slovenia, South African Reserve Bank, Bank of Spain, Sveriges Riksbank (Sweden), **Swiss** **National Bank**, Bank of Thailand, Central Bank of the Republic of Türkiye, Central Bank of the United Arab Emirates, **Bank** **of England, Board of Governors of the Federal Reserve System (United States)** and State Bank of Vietnam + +^(I've bolded bank names of nations recently mentioned by MSM due to financial and/or geopolitical issues, but as you can see, this is an extensive list) + +&#x200B; + +[BIS Board of Directors;](https://www.bis.org/about/board.htm) + +The Board may have up to 18 members, including six ex officio Directors, comprising the central bank Governors of Belgium, France, Germany, Italy, the United Kingdom and the United States. They may jointly appoint one other member of the nationality of one of their central banks. Eleven Governors of other member central banks may be elected to the Board. + +|François Villeroy de Galhau (**Chair)**|Paris| +|:-|:-| +|Stefan Ingves (**Vice-Chair)**|Stockholm| +|Andrew Bailey|London| +|Roberto Campos Neto|Brasilia| +|Shaktikanta Das|Mumbai| +|Yi Gang|Beijing| +|Thomas Jordan|Zurich| +|Klaas Knot|Amsterdam| +|Haruhiko Kuroda   |Tokyo| +|Christine Lagarde|Frankfurt| +|Tiff Macklem|Ottawa| +|Joachim Nagel|Frankfurt am Main| +|**Jerome H Powell**|**Washington**| +|Chang Yong Rhee|Seoul| +|Victoria Rodríguez Ceja|Mexico| +|Ignazio Visco|Rome| +|John C Williams|New York| +|Pierre Wunsch|Brussels| + +&#x200B; + +[BIS Management](https://www.bis.org/about/officials.htm); + +|General Manager|Agustin Carstens| +|:-|:-| +|Secretary General and Head of General Secretariat|Luiz Awazu Pereira da Silva| +|Deputy General Manager|Monica Ellis| +|Head of Banking Department|Peter Zöllner| +|Head of Monetary and Economic Department|Claudio Borio| +|Economic Adviser and Head of Research|Hyun Song Shin| +|Head of BIS Innovation Hub|Cecilia Skingsley| +|General Counsel|Diego Devos| +|Deputy Head of Banking Department|Luis Bengoechea| +|Deputy Secretary General|Bertrand Legros| +|Deputy Head of Monetary and Economic Department     |Stijn Claessens| +|Chair, Financial Stability Institute|Fernando Restoy| +|Head of Risk Management|Jens Ulrich| +|Chief Representative for Asia and the Pacific|Tao Zhang| +|Chief Representative for the Americas|Alexandre Tombini| + +&#x200B; + +So what does the BIS [***do***](https://www.bis.org/about/index.htm?m=1)? + +>To pursue our mission, we provide central banks with: + +* a forum for dialogue and broad international cooperation, +* a platform for responsible innovation and knowledge-sharing, +* in-depth analysis and insights on core policy issues, and +* sound and competitive financial services + +*...so....they talk?... about bank stuff? Wow. How enlightening and reassuring.* + +&#x200B; + +>To deliver on our mission, our work is anchored in strong core values that shape the way in which we work. + +* We deliver value through excellence in performance. +* We are committed to continuous improvement and innovation. +* We act with integrity. +* We foster a culture of diversity, inclusion, sustainability and social responsibility. + +*....fucking pardon fucking me? You "work hard" and you're "honest" and "responsible"? You effectively dictate the* ***entire global banking system***, why would you even need to state that? Oh yeah, right, because you're ***lying.*** + +&#x200B; + +You would think it would be easy to find more specific information on the central bank of central banks... it isn't. + +You would think this level of finance would be at least somewhat transparent... [it isn't.](https://www.bis.org/about/meetings.htm?m=2606) + +You would think the average person would have heard about the BIS... they haven't. + +&#x200B; + +Here's a little fun tidbit of [information](https://www.bis.org/about/archive.htm?m=2005) from the ol' trustworthy BIS archives; + +>Under the BIS open archive rules, **all records relating to the Bank's business and operational activities which are over 30 years old are available for consultation**, with the exception of a limited number of records that remain private or confidential even after 30 years have elapsed. + +"*You can look at our stuff, but only after 30 years, and even then, only if we let you."* + +Wow. Really embodying your vision, guys. Nice work. + +&#x200B; + +I don't want to suggest the BIS is comprised of people wearing robes, chanting around a fire and sacrificing livestock to the gods. They're just people. But those people are usually extremely wealthy sociopaths and hold *a lot* of power to influence global currencies, and by proxy, their governments and geopolitics. It's basically a big United Nations of shitty bankers, so logically speaking the probability that they all conspire together in the interest of maximizing profits is high. But again, that's just my opnion. + +https://preview.redd.it/9w3yt78rjz2a1.png?width=438&format=png&auto=webp&s=33b96dfb62be76cd03f8642afaffaad4df909222 + +So, as of March 2022, the BIS apparently only has about $348 billion of assets. So why are they important? + +The FED is to USD what the BIS is to *money.* **All money**. Every major currency, everywhere. + +&#x200B; + +>According to a [2019 report](https://www.imf.org/-/media/Files/Publications/WEO/2022/April/English/text.ashx) from the international monetary fund (IMF), there was an estimated **$5.2 trillion worth of physical currency in circulation worldwide**, which is only about **0.8%** of the total money supply....It’s important to remember that this is just an estimate, as the true figure is likely much higher. After all, according to the same report, there was an estimated $80 trillion worth of financial assets in circulation... + +&#x200B; + +You know how about a dozen or so (mostly) US banks ~~own~~ "*work with"* the FED? Well, in the same way, all the world's Central Banks ~~own~~ "*work with*" the BIS. + +Fuck the balance sheet assets, the [control](https://www.youtube.com/watch?v=xm3YgoEiEDc&ab_channel=10Hours) is priceless. + +&#x200B; + +I believe we need to add one more rung to the ladder; + +hedge funds < banks < prime brokers < DTC < FED **< BIS** + +# Y final boss? How relate GME? + +Because crypto. + +That's it. + +Really. + +Firstly, let's remember what crypto is from a high level - it's a separation of money and state. It's both a currency and an asset that can't be controlled by one person or group. Real crypto, at its core, is decentralized. The *moment* commerce begins to accept crypto *en masse* as a **currency**, not *just* an **asset**, is the *moment* that legacy finance begins its inevitable and rapid death. + +Crypto doesn't just threaten US markets. Or the USD. Or any specific currency. Or any specific government. Or a select few elite that could be sacrificed if necessary. It affects the **entire. fucking. modern. monetary. system.** + +The financial fearlessness politicians and bankers have historically had is a warm blanket in the winter about to be ripped off. The BIS is the bank of banks for the whole world, and as such, they have the most to lose. + +Secondly, do any of you know of a company that's perfectly positioned to capitalize on the projected \~$500 billion gaming industry in the next couple of years while **also** being situated at the forefront of the transition from fiat to crypto? A company that literally gets horny by satisfying its customers? With a competent management team and a clear vision? A ruthless pursuit of growth and development while perfectly embodying the true core values of secure, trustless and permissionless transactions? + +Because I do. +Typical normie investors let their emotions make their decisions for them, and this means they often see the field backwards. When a stock has been running green nonstop they think the green will continue forever and that’s when they’re most likely to buy in. When it’s been running red nonstop they think the red will continue forever and that’s when they’re most likely to sell. + +So after a few days of huge gains the Empire had to strike back. They had to bash it down as hard as they possibly could to scare off a huge new threat, all those normies, all those friends and family of apes waiting on the sidelines who don’t know what they’re doing but are attracted to the green like a moth to flame. + +My take on today’s price action is that the Empire aka Shitadel used the news of further dilution in movie as cover to sell off a significant portion of their long position in movie and then took those profits to short gme as hard as possible. + +In addition to scaring off investors they’ll be fighting hard to get it back under 250 and it’s kind of looking like that will be the battleground over the next two sessions. + +Edit: What a stonk! Loving this green dildo looks like their dreams of keeping it under 250 are turning into their nightmare of it going over 300 +I just got off the phone with our mortgage company regarding an almost $200 increase to our monthly mortgage cost. My husband and I are set up for automatic payments, so I normally just let the system do it’s thing. + +My initial thought was that our taxes increased, or homeowners insurance increased. When I spoke to the customer service rep, she advised it was our taxes that increased and translated into the more expensive payment. She also noted that we should’ve received the monthly breakdown in the mail, which we did not. + +Add an extreme urgency to try to get me to refinance (she was really pressing), it left me hoping for an outsiders piece of mind. + +I went to our borough’s tax site, and pulled up our property - from what I can see, our taxes have not increased and 2022 costs are quite nearly the same as last year. + +My next thought was to contact our borough directly to confirm our 2022 total tax payment due, and then call back our mortgage company? + +Has anyone else run into this? Am I missing something so obvious that I’m just not aware of? + +***Quick edit: + +First, THANK YOU for all of your comments and advice - I am super appreciative of you all! + +We are in NJ and purchased our 1960’s home in 2018. + +Our insurance and taxes combined increased roughly $400 total for the entire year. No big jumps in taxes or insurance to be found! + +We also have a fixed-rate mortgage, so we are locked in. + +Mortgage company states they sent the escrow analysis, but we never received, and there is no electronic copy in their “hub”, so I’m trying to obtain that! +This is our monthly /r/economics Journal Day. Only links to journal articles and working papers are allowed today. Have fun! + +Some places to find articles and current research: + +* NBER Working Papers (http://www.nber.org/new.html#latest) +* Research Papers in Economics (https://ideas.repec.org/) +* Social Science Research Network (https://www.ssrn.com/en/) +Aion Network has been firmly on my radar, in large part because I respected the very experienced team (you can read about what other's have said [elsewhere](https://steemit.com/blockchain/@schneeballen/who-is-aion-the-third-generation-blockchain-network)). + +But today I had an epiphany. In a month (rumored, but Q1 confirmed), Aion is releasing an Ethereum compatible blockchain (Aion-1) in which its current Ethereum Token (AION - currently only available on etherdelta, but large exchanges also rumored) can seamlessly move from the Aion-1 blockchain to Ethereum, and back. Interchangeable. Skeptical, well remember, these devs have been in the blockchain business for years (aka, Nuco) and the CEO, Matt Spoke, is an early board member of the Enterprise Ethereum Alliance, so ya, they have a nice start. + +**Think what that interoperation means!** + +At the moment of release, rumored to be in Janurary, in just a few weeks, Aion's blockchain is an off chain solution for scaling an Ethereum token. Now, without specifics, it's hard to know how far that goes, but it does lead to the second epiphany. + +Aion primary blockchain, Aion-1, which interoperates with Ethereum, is also designed to foster other Aion-sister blockchains, in turn, fostering it's own internet of blockchains, and therefore, it own scaling. Aion-1 can't get bogged down as operation can be handled on sister chains. Need cryptokitties? No need for Raiden, just pop out a dedicated blockchain that is intimately interoperating with Aion-1 and Ethereum. (note, state channels are still valuable, just given an example) + +So, the Aion Network is not just bridging old school chains together (such as Ethereum and Bitcoin, etc). But also, allowing people to CREATE chains much like Ethereum creates tokens. This was my "well holy crap" moment. Because the token required to generate a sister Aion Network chains is also the one and only **AION token!!!** + +This is a huge! An effective model for scaling and expanding blockchains everywhere. We knew that Ethereum never adhered to the "one chain to rule them all" of Bitcoin. Well, Aion is the poster child for an inter-operating future. But not just the old chains, but literally, a chain factory, networked, INTERNET OF BLOCKCHAINS. And the initial chain that starts it all, Aion-1, is dropping in just a few months, maybe next month. Obviously fully realized development is planned over the next two years, minimum, but Aion-1 will drop VERY soon, starting the whole process. + +I'm starting to see how they already secured a major defense contractor (a fortune 1000 company). + +Here's is specifically what they say: + +> Aion is the first platform to connect public blockchains not only to other public blockchains, but to private enterprise blockchains. Aion is a third-generation blockchain network that will enable any private or public sector blockchain to: + +> * Federate: Send data and value between any Aion-compliant blockchain and Ethereum +* Scale: Provide fast transaction processing and increased data capacity to all Aion blockchains +* Spoke: Allow the creation of customized public or private blockchains that maintain interoperability with other blockchains, but allow publishers to choose governance, consensus mechanisms, issuance, and participation. + +> **Aion-1**: At the root of the Aion network is a purpose-built, public, third-generation blockchain called Aion-1. Designed to connect other blockchains and manage its own applications, Aion-1 also provides the economic system that incentivizes interoperability in the ecosystem. + +> **AION tokens** are the fuel used **to create new blockchains**, monetize interchain bridges, and secure the overall network. The AION token is initially being offered on the Ethereum blockchain as an ERC-20 token. As soon as the Aion network is operational, these ERC-20 tokens can be seamlessly converted to AION network tokens, and will continue to be able to flow freely back and forth between these two blockchains. + +**I could not be more excited to watch this project in the months ahead** It paints a very exciting future! +The vineyard had it's craziest year of real estate ever and it seems like there was a huge influx of fatfire types spending the winter and buying summer homes. Anyone here among them? + +We're here year round now with two small kids, always happy to meet new people with a similar mindset. Maybe if life is more normal we could get a few together for a beer this summer. + +Apologies if this isn't applicable to the sub but doesn't seem to violate and rules directly +SPY Just closed below $365. There was previous DD about how that is a hard NO line for it. I don't remember the author. Anyone remember? If you are out there OP, your thoughts on what now? + +I recall a DD with a premise that several major players could not afford for the SPY to drop below $365 and it could cause a cascade of failures and possible launch MOASS. + +From what I can tell, we tested this one before in the middle of June of this year. Otherwise, not for a very long time. + +OP, if you are out there, I am curious of your thoughts as it appears down is about the only available direction at the moment. + +I hope this finds you. +I watched this sub grow out of the original betting sub and I've been in this since the sneeze. + +I've seen "meme stocks" and coins of all kinds get shilled and I've watched people YOLO crazy amounts into those and post gains and losses. + +The thing that all those stocks had in common were that they quickly faded away and people lost interest. That's because one day on the internet is equivalent to one year in real life. That's why you see stories get talked about fervently for a short time and then....nothing. + +But we're still here. We're not just still here actually, we've gotten MORE obsessed with the stock! + +DRS is strong and morale is high even after all this time, even after they drove the price down to gutter levels, even after they've kept it relatively flat for months and months. + +I'm too smoothbrained for math but in internet time we've been here for like...a gorillion years! + +And none of us are leaving. + +DRS every single share. + +BUY, HODL, DRS, + +(not financial advice I am an individual investor) +The 2019 plans are now available to be previewed. If you might be using them, check it out! [https://www.healthcare.gov/see-plans/](https://www.healthcare.gov/see-plans/) + +&#x200B; + +Deductibles, coinsurance rates, and out of pocket maximums are very different in-network and out-of-network, so be sure to take those into account when choosing a plan! A personal example: + +&#x200B; + +I'm happy covering most of my health expenses, but I want health insurance to cover me if something major and unexpected happens. I live within a mile of 3 counties, and due to a recent dispute between providers and insurers, I have a challenge. Insurer "Nearby" has a network that only covers providers in the county next to me, where I spend a lot of time, but they cover nothing in my county. Insurer "Home" covers many providers in the county where I currently live, and where my PCP is, but nobody in the neighboring county, and it is $2.5k/yr more (regardless of subsidies). + +&#x200B; + +If I have a non-emergency, I can plan to get my healthcare wherever I have coverage. My concern is what happens if I have an emergency where I am rushed to the hospital. There is roughly a 40% chance I would end up at a hospital in the Nearby network, and a 50% chance it would happen in the Home network, and a 10% chance it would happen when travelling elsewhere. So whichever plan I choose, there is unfortunately a really good chance I'll end up at an out-of-network hospital if I have an emergency. For the plans from both insurers, deductibles increase to $35,000 for anything out of network. That's a huge increase! And, **there is no out-of-pocket max for either insurer for anything out of network!** Not only that, but for the Home insurer, they offer no coverage at all for a hospital stay not in their network, while the Nearby insurer at least covers 70% after the deductible. For that reason alone, I will likely be choosing the Nearby insurer. + +&#x200B; + +Also, Nearby insurer has 6 different plans available. The best coverage for out-of-pocket post-deductible was actually on one of their bronze plans (better than their silver and gold). The silver and gold paid much better in-network and for more minor healthcare needs, but for major issues, bronze actually paid out better! +Me and my wife make more than 200k$ a year, so we don't qualify to contribute to Roth IRA. We were basically maxing out 401ks then sending everything else to our taxable Vanguard account. + +I was always curious about the Mega backdoor Roth i.e a way for high income individuals/couples to contribute money to Roth so that it can grow tax free. Today I finally had time to research if my company offered this (thankfully they do!) and I set it up with Fidelity. I learnt a few things so I thought I'd share my experience with you guys: + +Fidelity doesn't let anyone set this rollover on their own via their website etc. You need to call them to make any kind of change to your after tax contributions' rollovers. There are two ways of doing this. + +1. You will have an after tax contribution option in your Fidelity account, if your employer allows you to contribute to after tax. You can contribute to this after tax, then call Fidelity periodically and ask them to move this your Roth at any time you want. IRS limits your pre tax contributions(19,500) + employer contributions + after tax contributions to 57k. So you can contribute (57k - 19.5k - employer contributions) as after tax contributions. + +2. The problem with option 1 is that, any growth/dividend accumulated in the period between after tax contribution and the time you call Fidelity to roll it into your Roth 401k is taxable. Also calling them each time is a chore. To avoid this, you can call Fidelity to setup any after tax contributions to automatically be rolled over to your Roth 401k immediately, so that the gains are not taxed. The official term for this is "automatic roth in-plan conversion" + + +EDIT: Adding/editing a few things I learned from this thread, for the year 2020: + +1. I mistakenly assumed that my only option was the mega backdoor roth after maxing out my 401k, due to income limits. You can also open a traditional IRA, contribute 6k to it, then convert this to a Roth IRA - provided you don't have any other IRA. This is called backdoor Roth and can be done by anyone irrespective of employer. On top of this, if employers allow, you can do the mega backdoor roth which is what this post is about. So this brings the total tax advantaged contribution amount possible to 57k(pre+post tax via 401k) + 6k (via traditional IRA to Roth backdoor) + 3550 (HSA) + +2. You can rollover your after tax 401k megabackdoor contributions to a Roth IRA or Roth 401k. Looks like rolling over to Roth IRA can to be done only manually each time. Rolling over to Roth 401k can be done automatically, if that is part of your employer's plan offering. The advantage of rolling over to Roth IRA is that you can access the contributions any time. You can only access the contributions from the Roth 401k when you leave your employer. In either case, accessing the contributions are tax free. In either case, accessing the gains will be tax/penalty free only by age 59.5. Before that, to access gains, you have to pay tax + penalty. + +Hope this helps +Good Morning Apes! + +Right out of the gate in PM today we saw a massive drop in price on GME dipping us down to 169 (bullish) and now are looking at almost 58.6k volume in the pre-market. This is the highest pre-market volume in quite some time and a good indicator that we are gonna see a pretty interesting day play out. ETF FTDs are due today as their T+3 settlement window makes their T+35 settlement day one day later than the standard settlement period e.g. October 14th. I'm gonna stand by my price targets for the week even though it didn't hold for long yesterday it still hit. + +[186.45 Support \/ 192.27 Low \/ 207.67 High](https://preview.redd.it/mb1os37vyzu71.png?width=2437&format=png&auto=webp&s=6d28c57f897af11e12c23d71d5aabbaacb57bca1) + +*\*This is just to give a rough estimate of where we will likely see the majority of our volume trade today and an idea of how high we could spike if they cover FTDs, I'll note with the bid/ask as wide as it is, it's possible we could go higher however with FTDs 87% lower than last year's corresponding cycle I do not expect this.* + +For more information on this and my futures theory please check out my weekly DD. + +Check out this weeks analysis here: [Weekly Analysis](https://www.reddit.com/r/Superstonk/comments/qa8xem/jerkin_it_with_gherkinit_week_1_futures_wrapup/) + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, **190**, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Market + +Well lots of ITM put interest posted up today If you guys have been following my videos and DD on this theory that usually indicates they are done covering. There may some gamma exposure next Tuesday with the last expected fail date on the 26th but I am not expecting a lot more covering of these FTDs in the near term. I will go more in depth with this in Sunday's DD. Thank you all for tuning in and have a great weekend. + +\- Gherkinit + +https://preview.redd.it/vaipqy8562v71.png?width=699&format=png&auto=webp&s=d8328149ac4011a81d1c3db71dd23b149d5d22ed + +Edit 6 3:11 + +Finally coming back a bit from that chop along the daily EMA 160 max pain still at 182.5 so there is plenty of reasonable room to the upside into close. + +https://preview.redd.it/a3g5r8mjw1v71.png?width=1599&format=png&auto=webp&s=f655d64cc417a4f8fa515f3e634db5769bf2a1b3 + +Edit 5 1:56 + +Triple bottoming at 169 looks like our support for the day. Lots of bots joining the stream chats saying things like "sold my GME to buy DWAC" or "sell your GME to buy DWAC" seems super sus, thought I'd let people know. + +https://preview.redd.it/u0qnc7qej1v71.png?width=1597&format=png&auto=webp&s=009c02f78dae731086f14467107e4f66b856253b + +Edit 4 11:53 + +At least we know no one is selling + +https://preview.redd.it/k1eijqe8x0v71.jpg?width=533&format=pjpg&auto=webp&s=9c54953c016f895476c63e9dfe3be58b5f2fa84f + +Edit 3 11:38 + +Volatility spike to the downside hitting exactly 169.16 the exact low from this morning + +https://preview.redd.it/znj9a42ju0v71.png?width=1597&format=png&auto=webp&s=a0378ad6781c9387823a27033deeddcfd4e37bad + +Edit 2 11:31 + +Going lower after the failed bounce on 170 we have no dipped near the pre-market low at 169. Max pain still at 182.50 + +https://preview.redd.it/svucpnqdt0v71.png?width=1586&format=png&auto=webp&s=4d03a2be5b26a41af3f53c5863495f558e4f9ab5 + +Edit 1 10:31 + +Hard push down this morning probably some selling from speculators closing out long options contracts and definitely some shorting indicated by shares borrowed. Still dropping looking for some support but GME's borrow rate is now up .01% to .07% + +https://preview.redd.it/yq9dff9qi0v71.png?width=1595&format=png&auto=webp&s=7a4934f416129b2f98d24fec337fb814977805fe + +# Pre-Market Analysis + +As noted above the volume is significantly higher this morning at 58.6k than normal and climbing. IBKR with + +[🤔](https://preview.redd.it/d9xqlifizzu71.png?width=579&format=png&auto=webp&s=44d772894fd373a1af9de8085602471a58eef78f) + +and Fidelity with 1.349m available. There is a gap up around 189 that we could potentially fill. All FTDs due still from yesterday need to be closed by market open at 9:30am. At 4am today a large sell dropped our price to 169 and we have since bounced back now trading just 2% down from yesterday's close. If the intention was to dip before covering then today is looking promising. + +[GME pre-market 1m ](https://preview.redd.it/fvyw8p6j10v71.png?width=1606&format=png&auto=webp&s=2b521e1bf0cf191454b847562ed8c5b2bc7e58c6) + +This is the largest pre-market price movement since earnings. So a check on CV\_VWAP is in order. + +&#x200B; + +[Large arbitrage spike this morning outside of the rolling average but not yet hitting that first signal line. I'll check throughout the day especially if we see more dramatic price movement.](https://preview.redd.it/3i2djopj20v71.png?width=2402&format=png&auto=webp&s=d051a7b67e8647ea981de2174c9e2a307e5e0249) + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500. :)* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and want to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +Just curious if anyone's portfolio consistently makes more money in a year than they earn from their job? + + +I was laid off last August and still haven't found a job. Due to some inheritance, I have actually made more money (on paper) in the stock market YTD than I did all last year. So far, the asset I inherited, has increased in value a little over $19,000 since January 1st. + + +Disclaimer: I had an entry level sales + commission at a very poorly run startup that paid pennies. +I used to think I wanted to stop working. But my experience over the holidays has made me rethink that. I had time off over the past 3 weeks, and due to some circumstances, my wife and I spent it at home, without any family. + +It drove me crazy. I found I could not easily relax and enjoy books or video games. I picked up a bunch of projects around the house just so I could have something to do - something to make me feel *productive*. Filling the days was something that began to stress me out. + +Now I'm worried that my desire to stop working has been motivated more by ennui and dissatisfaction than it has by the desire to have more agency over my life. Because, granted that agency, I didn't feel too good about it. + +Don't get me wrong - I have taken long vacations before. In fact, I was out of the country for 6 weeks this summer, traveling. But the level of stimulation on such a trip is definitely higher than just spending time at home. + +EDIT: I've thought about this some more. I think the key issue for me is one of feeling productive. I'm a 9-to-5er, and in my daily life, I have ample time to exercise, read, play video games, watch TV, hang with the wife and such. One of my greatest joys these days is going hiking on Sundays. I also manage to stay on top of a lot of housework, and get minor home repairs done. However - during this 3 week period, I tried to expand all of these things to fit all my waking hours. What this came at the expense of was the feeling of productivity - doing something, moving things forward, building, creating, removing entropy from the world. More gaming and hiking and reading didn't help me with that. Home improvement projects did, but there's a limit to my interest and expertise there. + +So I think the core issue for me is that I need to find some hobbies that allow me to build and create, rather than just 'be'. +**How is this one different than the other “I just crossed $1,000,000” posts?** + +1. I’m not working a high paying job. I actually FIREd 5 years ago and am living off my investments. +2. Last year I lived in 4 different countries and traveled to 11 others +3. My expenses for 2019 were 70% less than the average American in a MCOL city +4. I’m still eating out, being social, and traveling extensively + +I did a [Q3’2019 Spending update](https://www.reddit.com/r/leanfire/comments/dobzp3/overseas_fire_spending_update_q3_2019/) a few months ago. Based on the feedback of that post, rather than just review my Q4 2019 spending, I did a full year review: this breaks down my spending, my income, my investments, and a brief pro/con of places I lived. + +**2019 Highlights** + +* $1,000,000+: invested retirement assets as of Jan 2020 +* 5: Number of Years FIREd +* 11%: Year over Year growth to reach One Million Dollars +* 2.6%: Withdrawal Rate as % of Beginning of the Year balance of Retirement Savings +* $22,000: Annual passive income generated from invested retirement assets (cash flow only, excludes appreciation) +* 15: Number of countries visited +* 0: Number of 10-second handstands held (was my goal for the year) + +**UPDATE**: As of February 29th, I am no longer a member of the 2 comma club. But F\*ck It, I took a long time getting this information together and writing this post. I’m not shelving it because of a bad cough named after a crap beer. + +Besides, I think it’s even more relevant. Though my Net Worth has dropped due to market volatility, I’ve diversified enough that my WR doesn’t change. The passive income from my investments is still 1.8X my annual expenses. + +The changes I have made in 2019 have given me additional levers to pull and reduce my spending level even further if there is a protracted market correction. + +**2019 Year in Review** + +Homebases: + +***Q1: Medellin, Colombia*** + +PROS: Medellin has become one of my favorite cities. The weather is literally the best I have ever experienced: not humid, spring temperatures, no bugs, [mountain views](https://imgur.com/NE20EZx), lots of green. Cost of living is lower than many places I have lived in SE Asia. + +CONS: While SIGNIFICANTLY safer than 25 years ago (Pablo Escobar died 1993), you still have to take precautions (take cabs at night, be extra vigilant of your belongings, never take your eye off your drink, etc) that I wouldn’t take in any of the other cities I lived this year. + +***Q2: Vienna, Austria*** + +PROS: Voted the most “Livable city in the world” for the second year in a row, it’s easy to fall in love with Vienna. The city is drop dead gorgeous. Public transportation is extensive. The culture and arts scene is world class. + +CONS: It’s expensive. It’s still cheaper than a MCOL city in the US (roughly equivalent to Kansas City, Mo), but about twice the price of Medellin. Also, it’s a Schengen Agreement country, which means US Citizens only get 90 days out of every 180 days to live there (or any of the 26 other European Schengen countries). Schengen is a pain in the ass visa situation for me, which led me to applying for a Retirement Visa in Spain this year. Results and process to the Spain Visa to be posted in the near future. + +Additional cities visited: Slovenia, Croatia (Dubrovnik), Bosnia and Herzegovina (Mostar). Austria’s central location in Europe allows for easy trips via bus, train, and cheap flights. I took a one week trip through the Balkans to [Dubrovnik while watching the final season of Game of Thrones](https://imgur.com/CrTW2Pt). + +***Q3: Sofia, Bulgaria*** + +This was the [subject of my last post](https://www.reddit.com/r/leanfire/comments/dobzp3/overseas_fire_spending_update_q3_2019/), so rather than repeat, you can read up on what Sofia was like. TL;DR- Bulgaria is extremely underrated: beautiful mountains, [sunny beaches](https://imgur.com/OqUPVtJ), and low cost of living. + +Additional cities visited: Austria (Vienna), Czechia (Prague), Serbia (Belgrade), Bulgaria (Plovdiv and Rila). + +***Q4: Limassol, Cyprus*** + +PROS: Sunshine for days. Seriously. Cyprus averages 340 sunny days a year. We lived a [15 minute walk to the beach](https://imgur.com/a/7NAWhNQ). Cypriots are very friendly folks. Had the workings of a social circle forming, which makes any place 10 X better. + +CONS: It’s expensive. Also not worth the cost, which makes any place 10 X worse. COL is roughly equal to Vienna, but has none of the advantages. Urban sprawl is a significant issue. Walkablility is restricted and public transportation is scarce. Food choices are limited (every meal involves meat on a stick). Our shared flat was $450 per month and I felt like I was [re-living my impoverished college days](https://imgur.com/IME4AKU). + +Other cities visited: Turkish Republic of Northern Cyprus (Kyrenia), [Israel (Jerusalem)](https://imgur.com/3ETPzLf), Palestine (Bethlehem), Italy (Rome), USA (Las Vegas). + +**Income:** + +|(In USD)|**Full Year 2019**| +|:-|:-| +|Dividend and Interest Income|10,383| +|Rental Income|19,111| +|Rental Expenses|(8,090)| +|Misc Bonus|933| +|**Annual Income Average**|**22,336**| +|*Monthly Income*|*1,861*| + +***Dividends and Interest:*** Earned roughly 1.7% in dividends and interest. I have moved about 18% of my funds into VYM, a Vanguard High Yield ETF, which pays about 3.3% in dividends. This was a mid-year move, so 2020 should have a higher amount here. + +***Rental Income:*** I had zero vacancies this year, which both increases my income and decreases my expenses. I like my renter, hopefully she will re-up this year with a modest 3.5% increase. + +***Rental Expenses:*** + +Homeowners Association (HOA) Dues - $4,211 + +Property Taxes - $2519 + +My two biggest rental expenses and I have no control over either. The dues covers maintenance, insurance on the property, a movie theater, pool, hot tub, gym, billiard room, and racquetball court. + +Management Fees - $1077 + +I changed property managers last year, and it’s been great. My new manager charges me 5% per month plus one month of rent if we have to find new tenants. Other than an occasional email to approve a maintenance request, this income is truly passive. + +Renters Insurance - $140 + +Cleaning and Maintenance - $1410 + +***Misc Bonus:*** I received $900 as a sign up bonus for rolling over my 401K to a Merrill Edge IRA. But the bigger story here is I lost THOUSANDS because I was a lazy dumba\*s and kept my previous 401K in my prior employer’s plan for 5 years. This cost me $90 a month in 401K fees to T. Rowe Price. $90 a month FOR 5 YEARS. It’s my own fault for not paying attention. Sometimes I wanna kick my own ass. + +As an added bonus, my account with Merrill boosts my cash back reward on my Bank of America card to 2.6%. + +**Expenses:** + +|(In USD)|**Total for 2019**|**Per Month Avg**|**% of Spending**| +|:-|:-|:-|:-| +|Food|4,303|359|35%| +|Housing|2,735|228|23%| +|International Flights|1,741|145|12%| +|Health Care|1,064|89|9%| +|Fitness|959|80|8%| +|Shopping|715|60|6%| +|Transportation|461|38|4%| +|Entertainment|122|10|1%| +|Utilities|62|5|1%| +|**Total Spending**|**12,163**|**1,014**|| + +*\*Note expenses above are only my costs. My girlfriend and I shared expenses. Her share is NOT included in the numbers above.* + +My expenses for 2019 are the lowest I have ever had. 2019 is the first full year I have had a girlfriend living with me and splitting my living expenses. Having a partner really drives my COL lower than I expected. She pays for 50% the rent and 40% of the food budget. In addition, I don’t go out partying as much, so my alcohol and nightclub budget is drastically reduced. With the side benefit of watching her wake up and smile at me every morning, this was a major savings bonus. + +***Top 4 Expenses:*** + +***Food:*** Continues to be my biggest expense, even with the GF paying 40%. No way around the fact I’m a wanna-be fat ass. I detail why my food budget is expensive in the [Q3 post.](https://www.reddit.com/r/leanfire/comments/dobzp3/overseas_fire_spending_update_q3_2019/) Check it out for details. TL;DR- I eat a protein heavy diet (equivalent to FIVE 4 oz (114 g) steaks a day) and I avoid simple starches (potatos, rice, pasta, etc) that could fill me up on the cheap. + +***Housing:*** For four months this year, we were house sitting in Vienna. I would not choose to live in an expensive city, but my girlfriend is Austrian and she has family about a one-hour train ride away. House sitting provided me the opportunity to keep my housing costs low (I estimate our flat would have [rented for around $1,000 per month](https://imgur.com/eRhbM52)), while living in a beautiful expensive city, and at the same time making my girlfriend happy. Definition of a WIN/WIN. + +Excluding house sitting, we spend between $320 to $500 per month TOTAL ($160 to $250 each). In LCOL cities such as [Medellin, Colombia](https://imgur.com/uOZfx27) and Sofia, Bulgaria, $500 per month covers shared housing in desirable upper-middle-class neighborhoods. + +***International Flights:*** + +Two trans-Atlantic and one trans-Pacific drive the bulk of this cost. Flights within Europe continue to be shockingly inexpensive. Deal of day for me was the $45 round trip Cyprus to Israel flight that allowed me to visit the Middle East for the first time in my life. + +* Medellin, Colombia to London, England = $370 +* London, England to Vienna = $65 +* Dubrovnik to Vienna= $77 +* Vienna, Austria to Varna, Bulgaria = $20 +* Varna, Bulgaria to Larnaca, Cyprus = $30 +* Cyprus to Israel (round trip) = $45 +* Larnaca, Cyprus to Skopje, Macedonia= $19 +* Skopje, Macedonia to [Rome, Italy](https://imgur.com/a/vHNjNBQ) = $20 +* Rome, Italy to Las Vegas, Nevada $230 +* Las Vegas to Manila= $375 + +***Healthcare and Insurance:*** + +* Travel Health Insurance = $680 +* ACA Subsidized US Insurance = $230 +* Out of Pocket = $154 + +These numbers do not include my HSA contribution of $3,500. I count that as a long term investment, not an expense. + +I discussed my healthcare strategy in my prior post, but to recap, I have a three tier approach: + +1. Use Local Healthcare for out of pocket costs. As a rule, I can get all routine checkups and medical tests done cheaper overseas. [Out of Pocket Health Care Costs](https://imgur.com/a/98uoXPN) +2. Travel insurance is my transition safety net. If something more significant happens that can’t be handled in a country I am living in, travel insurance is used to stabilize me and get me to the US. My travel insurance, which covers me WORLDWIDE (except the US) is $680 per year. +3. US insurance for anything catastrophic. Once my travel insurance brings me back to the US, "Obamacare" takes over. I have an ACA subsidized High Deductible Silver plan. This plan allows me to invest in Health Savings Accounts (HSA). I rarely use US medical care. But \*knock on wood\*, if anything catastrophic happens, my ACA is my fallback. + +As part of the Spain Retirement visa I mentioned in the beginning of this post, I am required to have Spanish Private Health Insurance. I have a future post I’m writing on cost and coverage of Private Health Insurance (non-government-subsidized) in Europe vs. Worldwide Travel Insurance vs. US Health Insurance. + +**Invested Assets:** + +\*Amounts rounded for privacy + +|Retirement Accounts (Trad. IRA, Roth IRA, HSA)|END OF YEAR 2019| +|:-|:-| +|VTI|315,000| +|VYM|130,000| +|QQQ|110,000| +|Other|160,038| +|**Total Retirement Accounts**|**715,038**| +||| +|Real Estate|285,000| +|**Total Invested Assets**|**1,000,038**| + +***ETFs and Index Funds:*** The bulk of my investments are ETFs. 78% of my retirement assets are in three funds: VTI (Vanguard Total Market ETF), VYM (Vanguard High Yield ETF), and QQQ (Invesco QQQ NASDAQ 100 ETF). + +I am still in the process of transferring and consolidating my positions. There is \~$160,000 in random funds from a previous account that will be moving into the funds above in 2020. + +***Real Estate:*** 28% of my retirement assets are in a single unit condominium rental with no mortgage. As mentioned previously, the rental generates \~$11,000 in cash that pays for my living expenses. + +***Real Estate Value***: I update my real estate value once a year since there isn’t an accurate real-time way of getting appraisal costs. Sales of identical units in my condominium complex drive the estimated home value above. + +**2019 Key Lessons Learned** + +***Hitting the One Million Dollar mark felt good, but it does not fundamentally change anything I’ll be doing.*** + +I’m tracking well under the 4% SWR benchmark. I’ve lowered my sequence of returns risk with five years of Early Retirement. I don’t plan to “reset” my SWR and my annual spending is unlikely to change. + +**​**Compared to a MCOL city in the US, I am saving about 70% in living expenses. I don't make sacrifices in my standard of living. In some countries, my reduced monthly expenses still includes maid service and dining out once a day. + +***Hitting One Million Dollars gives me more of a cushion.*** + +Even if the market continues to fall, I won't panic and make significant withdrawals from my retirement funds. I have set myself up for 2020 to reduce expenses further to prevent selling into a downturn.  + +As an example: + +* I’m ready for a home base. I don’t plan to stop traveling, but I’m looking to make Spain home base for the foreseeable future. Living in a new country long term will mean less international flights and more domestic day trips. International flights were one of my Top 3 expenses last year. +* Shopping and Food expense can be reduced. Every move I have has a "start up cost", as I buy a new blender, knives, pans, bed linens, towels, and cooking supplies. Settling down will reduce my upfront costs. + +**2019 Summary** + +It was a good year. Got a girl. Got the cash. Earned $22K in passive income. Spent $12K, while traveling to 15 countries. For 2020, I’m looking forward to getting my Spain retirement visa and for the Coronavirus to F\*ck Off. + +Ask me any questions you may have. I'm in the Philippines ATM, so expect a time zone delay. + +If you want additional details and pictures of about FIRE overseas, including quality level of accommodation, affordability of restaurants, level of social life, and Cost of Living, jump on my site. Not spamming my link here, just google or check out my user name. +Say I’m a fairly wealthy entrepreneur.. by no means super wealthy.. Say I’m selling.. ice cream.. at beaches.. running 100 locations. Business is doing good. I’m selling them at $1/each, and keep a profit of 0.50.. + +If everyone were making $1000/m in ubi, I would likely sell more ice cream. I would likely also increase my pricing to $2 or even $3.. buyers would afford, increasing margins by hundreds of percent.. I’d make a fortune. Plus my own $1000.. + +Wouldn’t the effect of ubi simply be people like myself would make more money, while prices increased (inflated) so people would shortly after introducing ubi have the same buying power as before? Effectively - ubi wouldn’t change anything for common people, but tax money would flow upwards the pyramid? + +Then let’s put this in the bigger scheme: Jeff Bezos, Oil companies, Walton family and so on.. + +Besides question 1 regarding my own wealth: My salaries sure would go up but likely not by as many hundred percent as my profit margins. Nobody would work for $1000 as before, My employees would need their higher salary to be able to buy the more expensive groceries or afford the tripled gas price (at the end of the day, all money ends in the oil industry.. ?).. wouldn’t this just cause nothing but inflation? What would happen to people with no job but their UBI of $1k, would that be worth anything? + +Plz excuse: bad English and possibly bad knowledge.. by no means I’m an economist, just interested in the idea of ubi.. I would really want to see it work but I can’t get across this thought example above, seeking professional angles, arguments and takes on this! +I was wondering what the Euler equation is in regards to macroeconomics, I've been trying to wrap my head around it but I simply can't seem to figure out its true meaning. +So watched this video ( [https://www.youtube.com/watch?v=-FzVxsUQ3\_w](https://www.youtube.com/watch?v=-FzVxsUQ3_w) ) explaining why sunk costs should not be considered in future decision making in economics. + +&#x200B; + +But say you spent $1,000,000 to buy a virtual character. But surprise, the game won't give you that character unless you buy a pile of crap for $1. Applying the sunk cost falacy, you don't need the pile of crap, so you decide not to buy the pile of crap. So in the end, you lose $1,000,000 for nothing. + + +??? +I’m a complete beginner here so explain to me like I’m an idiot. Where am I going wrong with this logic: if the value of the dollar is getting weaker, then the price of stocks and shares should go up when measured in dollars. Right? On top of that, if people know that the dollar is getting weaker and weaker surely they would all scramble to buy as much stocks and shares as possible, am I wrong? (Who would want to hold onto their cash savings). So that should drive prices even further up. + +It’s just, right now, the dollar is less valuable, the euro is less valuable, the stock market is less valuable, Bitcoin is less valuable, etc etc. how is this possible when you’re literally valuing things against each other ie relative to each other? Surely *something* must go up in value other in relation to all the above. The only thing that’s gone up in value is gas and food. Can you give me any other examples of assets/commodities that have gone up in value? Like where are people with assets keeping their money? + +Thank you and sorry if this sounds dumb. +Is it better for companies and businesses to lose that cent per item in order to trick consumer into thinking the item costs less and thereby increasing demand? Is that even the reason behind it? And is that demand better for a business than getting more per item, albeit one cent. +We all here exactly know how and why FTX collapsed. We all know that SBF stole all of users funds to use them for himself and his other partners. We also know that this actions lead to millions of lives being ruined. + +But many people outside of crypto do not really know what kind of a fraud SBF, FTX and Alameda Research were, why? Because the media has been in a full-time job trying to whitewash the actions of SBF and Co. + +Here are some of the few examples from high-level media outlets people trust to show them the truth: + +# + +[The Washington Post about FTX-collapse](https://preview.redd.it/ynvfucv6851a1.jpg?width=626&format=pjpg&auto=webp&s=8da06d6bd9195d832da879a825872745a0549f11) + +I already did an entire post about this 2000-word Washington Post article ([here](https://www.reddit.com/r/CryptoCurrency/comments/yyq6pq/there_is_a_2000_words_article_now_by_the/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)) that is doing nothing else but show SBFs actions in a good light. They especially highlight his extensive lobbying efforts which according to them were for “pandemic prevention“ and obviously not him trying to have political connection to do whatever he wants. + +# + +[Reuters about the FTX-collapse](https://preview.redd.it/0hp96gja851a1.jpg?width=680&format=pjpg&auto=webp&s=ce993683ae2420d62b807f59fdd829aec16a686a) + +Now here we do not even have to go further and can see that the headline of this Reuters article is already trying to really make a billion-dollar scam to fill his own pockets look like a “favour“. + +# + +[Forbes article on Caroline Ellison](https://preview.redd.it/0rau539d851a1.jpg?width=508&format=pjpg&auto=webp&s=7f1930d67398e26eee5cb5f5c09877bb9812c571) + +Forbes is also just talking good about the co-CEO of Alameda Research, Caroline Ellioson fro whom we have already seen enough videos showing how highly mishandling she was. Forbes is portraying her as a “risk-loving“ person and a “math wiz“. For your kind information Forbes, this “risk-loving“ person risked and lost all the funds of millions of people around the world. + +It is clear that the media must have been paid by SBF to write such “shill-articles“ about him and his companies. Nowadays you can not even trust the biggest media outlets to tell people the simple truth of a story that made millions of peoples life worse. Thats just a shame… +I adjusted the wave count which now shows a completion of the [5-3-5-3-5 impulse wave](https://i.imgur.com/RfPlY4D.png). + +ETH has since moved on to a possible [5-3-5 corrective wave](https://i.imgur.com/dHdZhtF.png). + +Either ETH is still on wave B, or ETH has already completed wave B by [bouncing off the .382 fib retracement level](https://i.imgur.com/zgd71MP.png) and is continuing to the C wave. + +Please don't mind the slope or ending points of the C wave line/arrow. They are only meant to be used for visual purposes and not actually price targets. The possible (but not guaranteed) wave endings for wave C are shown by the green boxes. + +The C wave bounce is the one that traders look for since is is the final wave before the larger degree impulse wave 3, which is usually the longest! After the C wave is complete, the next impulse wave (liftoff) may commence. + +However, there is always the possibility of a impulse wave failure which will cause a combo corrective wave pattern or the chance that the C wave does not bounce at all and continues in a downtrend. + +Previous idea [here](https://www.tradingview.com/chart/ETHUSD/eQvo1WwA-ETH-Current-Wave-4-Correction-and-Possible-Scenarios/). + +Previous previous post [here](https://www.reddit.com/r/ethtrader/comments/7y8u4j/elliott_wave_analysis_eth_almost_done_wave_3_wave/). +I dunno about you guys, but I've noticed a huge uptick in bot-like comments in the daily. The other day there were two comments posted back to back by different accounts that were the same nonsense with a few words changed. Someone on here even called them out saying to user B "are you [User A]'s alt?" + +I think there are serious low-effort bots raiding these posts trying to influence the mood. I don't think it's any secret that the overall attitude has been unbelievably swingy recently. As soon as things start to go down, there's just buttloads of negative comments, and far more than usual. + +I think bots are having a bigger influence than we might think, and I think we really need to step up and start taking a good look at them. Yes, I know we have some low-effort contributors and people who just like to meme, but I really think there's an influence network at work here. It's odd how the same phrases and topics will get pitched depending on whether the price is going up or down. +Hello AT, + +I've been playing with my own trading scripts for about a year and a half now and I finally figured out my last hurdles to get my bot to start making gains on back testing. The back testing looked phenomenal, but my main trading buddy has remained nothing but a skeptical devil's advocate. I finally decided it is time to let it play with a small pot and see what it does and some very interesting things happened (friend challenged me to put my money where my mouth is) + +1. The bot actually pulls off the entries/exits EXACTLY as the back-testing indicated down to the penny. + +2. Its been steadily increasing its pot through automated trades with almost 0 losses. The executed trades over the past week and a half have ranged from -0.25% to +29.8% with trades currently averaging 9%. + +3. My devil's advocate buddy isn't skeptical anymore. + +My questions to this subreddit are: + +1. How long do you let an ALGO typically run hands off before upping your investment into it? Especially when the bot performs exactly as the back testing indicates. + +2. What sources can I use to learn about calculating liquidity in a market? I'm concerned upping the investment for its entries/exits will start to cause issues on some of the smaller cap markets. + +3. Is there anything else I should start looking into now that will bite me sooner than later? + +Thank you + + +I just backtested my TQQQ algobot on QQQ, and was surprised to find that while it has roughly expected returns (about 1/3 of what I was seeing on TQQQ, per trade) it made fairly different trades, and only about half the trades that it made on TQQQ. All of my logic is based on things like moving averages that should behave the same on the two stocks. + +So my question is how exactly are these stocks matched throughout the day? Is there some divergence that then gets corrected overnight? How much stray is there? I'm trading on 1 minute charts, but backtesting by stepping through 1s at a time. +(opposite to the WFH post from yesterday). + +Interested in hearing peoples experience from being forced back to the office from having WFH, either on a part time or permanent basis. Did you look forward to it? Fear it? Fight it? + +WFH post from yesterday: [https://www.reddit.com/r/AusFinance/comments/tf1afq/permanent\_wfh\_people\_how\_are\_you\_coping/](https://www.reddit.com/r/AusFinance/comments/tf1afq/permanent_wfh_people_how_are_you_coping/) +So I have a friend who's visiting the UK in February. + +What are the repercussions if I paid him to buy me a brand new computer in which he gets the VAT written off. + +Thanks +Seeing this price of $12,500 is a bittersweet moment. + +I had been hodling my BTC since I bought in at $24 per back in 2013. No selling off, no weak hands. Buying in was just a very lucky move rather than any great insight. + +However, six weeks ago at the beginning of November I was seduced by the talk and the prevailing sentiment of a coming "flippening" over on r/btc. Consequently, when the price of Bitcoin began to drop, I was foolish enough to believe that the r/btc guys might be correct -- that the future would be Bcash and that legacy Bitcoin was heading into a death spiral. I sold all my Bitcoin at $5,600, and bought Bcash at $2,400. Double whammied. + +I have decimated my assets by a very considerable amount by listening to a bunch of shills and fools -- some of whom I now realize to have had a devious agenda. I am now preparing to sell this Bcash at $1440 and buying back into the real Bitcoin at $12,500. I cannot believe that I have been such a clown, and am feeling quite butthurt about my idiocy. I have destroyed my wealth by listening to fools. + +I post this only as a cautionary tale to anyone else who might be duped and deluded by the counsel and "advice" over at that toxic dump that is r/btc. +Hello all - first time posting for a DD here. Simple right to the point. I have a doctorate degree so I can look at these trials a bit easier than most people. + +Novan upcoming phase 3 results are due March 25th 2021. The stock is at $1.42 right now. The drug is for topical molluscum contagiosum. There are no good treatments for this. + +&#x200B; + +During $NOVN last phase 3 trials for other similar drugs : + +December 2016, buying \~6 weeks before completion of trial results was buying $18, sell at $27 (sell a few days prior to the day the results are released.) + +Again in April 2017, buying the stock \~6 weeks before phase 3 results are published had you buying at $4.46 and selling at $5.90. + +Buy now at the \~1.4X price and plan to sell around March 20th. Should make at least 50% profit. I have done these types of trades a lot recently. I have made nice % profit doing this same thing above. I thought I would share this with you guys. + +Edit - link for proof of date +https://www.clinicaltrials.gov/ct2/show/NCT04535531?term=Novan&draw=2&rank=1 + +Edit - WOW.... 50% up day one. The stock still has room to go...ENJOY the moon ride. +I, as many, was thinking the FTX mess is going to be used as the perfect scapegoat for the crash and to introduce their so desired crypyo markets' *regulations* and/or the planned CBDC... It could all still happen simultaneously but I forgot about this little detail: + + +[Schwab, Citadel Securities, Fidelity, Other Wall Street Firms Start Crypto Exchange EDX Markets](https://www.coindesk.com/business/2022/09/13/charles-schwab-citadel-fidelity-and-others-start-crypto-exchange-edx-markets/) + + +[Wall Street-Backed Crypto Exchange EDX Markets is set for November debut](https://www.bloomberg.com/news/articles/2022-09-13/citadel-securities-backed-crypto-exchange-is-poised-for-kickoff?leadSource=uverify%20wall) (paywall) + + +Sounds a bit convenient for Kenny and friends, doesn't it?? +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! +BEAR WITH ME APES, THIS IS GONNE BE A LONG ONE. + +**Technical similarities compared to last time**: If you look at the volume activity 1/13 – 1/19, there is a huge volume spike compared to the previous weeks that coincides with a small price bump (it’s actually big but it’s GME we’re talking about so I’m speaking in relative terms). Then, volume decreases and the price levels off. Then on January 21 (Friday), we GME have the biggest volume its ever had in a day. However, this only raised the price to about $70. The next few days volume that was not as high as that day but still higher than any other days before and after and the price got up to about $150. Then on Jan 27 and 28, that’s when we see the price get to its highest points ever, but volume is only about half of what it was the previous days. After that, we all know what happened. Now, compare that price and volume action to now and I think we have something similar. I think that this week’s price action (and potentially next week’s) and volume coincides with the volume and price action of 1/13-1/19 as it has spiked from recent levels and the price has cooled off/stabilized. + +Another thing to see is that the MACD on the 1-year chart just had a bullish convergence. For those of you autists who don’t know what that is, it means that the price action has started a bullish trend. The last time it did that on the 1-year chart was in early January when the squeeze was taking form. + +It’s also very important to consider the day of the week in this equation. Because of how option expiry works, Fridays are going to be the worst days for this stock as market makers will try to push it down so they aren’t obligated to exercise a larger number of options, so that’s why today was pretty red (although not horribly). Expect this going into the future and keep that in the back of your mind. + +**Similar market conditions:** Look at market conditions from last time compared to this time. SPX down massively, VIX up massively then and now. Do you really think that this market correction is only because of bond yields even when JPOW promised no rate hikes for at least a year? Fuck no, it’s because funds are having to liquidate other positions to cover GME shorts. + +Conflicting short interest numbers and comparisons to last time: The short interest numbers that are available are very conflicting. Some sites say it’s 41% (which is still huge), others say its 15-20%. The issue with this is that these sites are updated only every 2 weeks or 1 month, so most of this data is reflective of the post-squeeze when short interest was lower. HOWEVER, Fintel updates the available short shares regularly and yesterday it was 0 at one point and today it got up to 600k but has been declining to about 400k now. This leads me to believe that short interest has gone up massively (cuz hedge funds are greedy fucks who don’t learn their lesson) and that once it is updated, we will see that short interest is back up sky-high (yeah I bet that’ll get a few more people interested in this). The overarching thing to take from this is that there is still short interest, possibly massive short interest, and that many funds still have not covered from last time. The borrow fees have gone up 9x since two days ago and the shares available to short have gone down significantly ([https://iborrowdesk.com/report/GME](https://iborrowdesk.com/report/GME)). This is exactly what happened last time, and continued movements in these patterns are exactly what we need. + +Just as a little side bar, also look at AMC. It's also repeating the same pattern as GME. Is this because AMC has the same short interest propositions as GME? Probably not, I think that AMC just rises with GME, but this is just another interesting similarity to last time. + +**RH:** As I said above, the reason that the stock went down last time was because of brokers restricting buying but not selling, not because the squeeze was over and funds covered or put more downward pressure on it. I would bet that RH and other firms WILL NOT restrict buying this time (unless it goes above 1k) because A) they are much more liquid as of now and B) they do not want another one of these press nightmares. Obviously, if this gets too high they’re gonna have to restrict again, but I think that we are safe on that front until it gets higher than last time. I also just wanna point out that the CEO of Interactive Brokers even said on CNBC that the price of GME would’ve gone up to over $1000 if the brokers didn’t halt buying, so don’t underestimate our power. I just want to emphasize that if this gets sufficiently high again they WILL undoubtedly have to restrict again (whether this is their fault or not), so any talk of this getting above 5 figures is unlikely to be true. However, we could EASILY see it jump to 4 figures if what I'm saying comes to fruition. IF YOU ARE NOT SUPRISED WHEN GME GOES UP ABOVE 500, DO NOT BE SUPRISED WHEN BROKERAGES ASS RAM YOU!!!!! + +**Short interest**: Last time we undoubtedly had a short squeeze as short float was over 100%. This time, it seems to be about 40% (BUT these statistics don’t get updated very often so it could be even higher). Therefore, there will probably not be a short squeeze like last time, however, because of options activity there could be a gamma squeeze that could then trigger a short squeeze for these 40%, which would still lead to a massive jump (potentially bigger than last time due to the 800 OTM calls). What I tend to believe is that many funds either didn’t cover last time or reshorted when it was at like $300 and are trying to make it go to 0. If this is the case, that makes me believe that there is significantly higher short interest than the websites are reporting (because they don’t update often, sometimes it takes them 2 weeks to 1 month to update). In this situation, however, the short interest is not as important as the options activity. + +**How OTM calls can multiply this**: The reason for the last gamma squeeze was because market makers had to hedge the massive OTM calls that became ITM (meaning they had to buy more shares). However, at the time, the most OTM strike was something like 200-300 (eventually getting up to over 500). Now, because of the last squeeze, we have OTM calls with strikes of 800. This means if the price keeps going up, there is going to be a massive feedback loop of market makers having to continually cover that could lead to an even bigger squeeze than last time. Like I said above, a short squeeze like last time is unlikely because of the short float (unless the numbers are inaccurate), but because of option activity and renewed interest in the stock, we could see an even bigger price hike due to a gamma squeeze that would also force the shorts to cover, which could trigger a small short squeeze. + +**Catalysts**: One of the most important things that I’ve learned about GME over the past few months is how WSB reacts to its catalysts. This stock has showed us that it reacts VERY strongly to catalysts, specifically ones dealing with Ryan Cohen and leadership. As we know, the first one was triggered by Cohen becoming a large owner of GME. This current one was triggered by the CFO being ousted and partially by Cohen tweeting about an ice cream cone. As Andrew Left from Shitron said, he thinks that GME should dilute some shares and make an acquisition. This would hurt it very short term but would probably lead to overall massive growth after a small dip because speculation interest on the stock would skyrocket. We also have the possibility of Ryan Cohen making more moves such as hires, appointing himself ceo, acquisitions, more tweets, etc. MOST OF ALL, we have earnings on March 25 (thankfully after hours, which is when this thing likes to jump). I’m gonna take a guess and say that Cohen and the board will make some kind of announcement or statement that will lead to this thing running up massively. I believe THAT is what will push this up to the highest level possible and could trigger the above mentioned short + gamma squeeze. This would happen the next day, March 26. That also perfectly coincides with the end of the month, which is when market makers would have to really start hedging against these super OTM calls, which could trigger a gamma squeeze. Quite honestly, because of WSB interest in this and the continued short interest on this stock, I could see this type of thing happening every single time there’s a catalyst especially at the end of each month. + +**The Point**: The point of this is that IT’S NOT FUCKING OVER. This squeeze will likely take longer than the first one, but could EASILY be much larger if people continue to hold in good times and in bad. This article makes great points about why it could take longer than the last squeeze and suggest you read it as it’s very short: [https://investorscult.com/2021/02/26/gme-short-squeeze/](https://investorscult.com/2021/02/26/gme-short-squeeze/) + +The diamond handers who help after the first squeeze are getting rewarded during this one, and anyone who keeps holding will probably be rewarded in the next one. Hedge funds are undoubtedly on this sub right now spreading misinformation, but just know that these fuckers still have a TON of skin in the game and are still massively exposed and vulnerable to an even bigger squeeze. If we know anything, it’s that wall street doesn’t learn after it fucks up (i.e. 2008), and you can bet your ass that these funds still have massive short positions and won’t sell until GME goes to zero or until WSB puts the funds to zero. + +STAY STRONG APES. IF THE STOCK GOES PAST 800 MY WIFE’S BOYFRIEND HAS PROMISED TO LET ME SLEEP IN THE GARAGE INSTEAD OF UNDER THE DECK. (I’m not a financial advisor and this is not financial advice, I’m just a dude with a small penis) + +**EDIT**: WOW thank you for all of the replies! I completely forgot to mention all of the shorting through the ETFs (especially XRT). That makes me even more bullish on this. If GME continues to rise, these ETFs will have to buy more GME to balance becuase of the increased value. This is yet another example of how each rise in price could lead to a massive feedback loop further pushing up the price. I also loved the comments about all of the artificial/phantom shorts which make it even more likely that it’s over 100% shorter. HOWEVER, This all makes me wonder why the hedge funds are doing this, why are they trying to push it down so much? If this is out of rage from last time or if they're still trying to make their money back from all of the losses from last time, then they still clearly haven't learned and that again makes me think that this is all FAR from over. Finally, our lord and savior DFV has 500 call options expiring April 16th ($12 strike, so not a shot in hell these are ever OTM). 100% chance our daddy exercises all of these bad boys, and probably buys more options/stock, which will just provide more upward momentum. I truly believe that the HF are shorting this out of spite and are acting illogical out of rage. For those of you who say “HF won’t fuck up again they learned from their mistakes” .... 2007/2008 has entered the chat. + +Like I said, I think that this squeeze will take longer than the last one, but could easily be bigger. I can't emphasize enough how important I think the earnings call catalyst will be. Be strong apes, don't get down over days or weeks of red because it is likely that we will take a rash of shit for a little but you must stay strong. + +"There’s some shady stuff going down. God, this is intimate. I feel like I’m financially inside of you or something. I'm jacked right, now. I'M JACKED TO THE TITS." +I'll be reporting back when our tenddietown rocket launches past the moon. +HOLD THE LINE APES, I LIKE THE STOCK. +# SEC: SHORTS DID NOT COVER. + +[SHORTS DID NOT COVER](https://preview.redd.it/cuqfr2kf1au71.png?width=1770&format=png&auto=webp&s=371a116b9e6523385837c7846678259f212182c1) + +The SEC said buying to cover was a very small fraction of overall buy volume. And, GME price continued to remain high after the effects from covering should've passed. From these, the SEC concluded that it was investors bullish on GME ("positive sentiment") that caused GME price to go up rather than "buying-to-cover". (This is why they needed to turn off the buy button. The short squeeze didn't even happen yet! They *needed* to *stop* investors from buying a stock they liked!) + +# TADR: THE SHORTS DID NOT CLOSE. + +The sneeze wasn't even a gamma squeeze! + +[Not a gamma squeeze](https://preview.redd.it/yvqbm9i95au71.png?width=1748&format=png&auto=webp&s=6d390069cb1672abe81e1b60b614a1be286ddc3c) + +SEC is reporting that bullish investors drove up the price. *Not short covering. Not a gamma squeeze.* + +# SHORTS TRIED TO CLOSE & THEN "OH SHIT" + +The SEC "Staff" said they saw some early short covering between Jan 22. + +[Shorts TRIED to cover](https://preview.redd.it/hm7cp8d1cau71.png?width=1740&format=png&auto=webp&s=c6cc9b1e7e3e301bf30deccc9c3d2cfa58ff28b8) + +The Shorts *tried* to cover starting Jan 22. But then the price kept going up as they did. This early short covering led to several "Oh Shit" moments. Ultimately, investors realized what was going on and piled in (FOMO). That buy pressure led to the peak on Jan 28. What do they do? Turn off the buy button! + +[Short Covering Between Jan 22 and Jan 27](https://preview.redd.it/r7q4cpgddau71.png?width=1696&format=png&auto=webp&s=41d9142aa88f120d5e6f6e11fad03fca8f8d123c) + +Notice the SHORTS BASICALLY STOPPED COVERING on Jan 27! They tried a couple more times Feb 2 and Feb 5. Both of those resulted in the price going up so they stopped. Look at the overall buy volume during those times though. The pink short seller buy volume is puny compared to the overall blue-ish (teal?) color for overall buy volume. + +This is why the SEC concluded that it was **investors bullish on GME ("positive sentiment") that caused GME price to go up rather than "buying-to-cover"**. And, this is why turning off the buy button brought the stock price back down. Everyone, even the shorts, stopped buying to keep the price from skyrocketing. + +# GME IS THE ONE TRUE IDIOSYNCRATIC RISK STOCK + +To jack your tits some more, the SEC report says "**GME is the only stock** that \[SEC\] staff observed as **having short interest of more than shares outstanding in Jan 2021**" \[pg 25\]. + +[Apes owned the float.](https://preview.redd.it/vgau05j12au71.png?width=1756&format=png&auto=webp&s=af957afcdc2e9a06abe1aac7dafa1d9c76f1eec2) + +*APES OWN THE FLOAT.* GME short interest in Jan 2021 reached 122.97%. Apes already owned the float in Jan 2021. Some basic maffs: 122% Short Interest + 100% Real float shares - 109% Institutional Ownership = 113% Retail Owned Float Shares. Yes, according to this SEC report and what I remember from the Bloomberg Terminal posts back in Jan, apes owned 113% already. Give or take. + +Apes almost certainly continue to own more than the float (or even multiple floats) now. *Keep in mind that this report excludes anything after Jan 2021 so nothing after the sneeze is in this report!* + +[As of Jan 2021, Short Interest \(122.97&#37;\) was greater than the float.](https://preview.redd.it/xrmcr36j2au71.png?width=1748&format=png&auto=webp&s=ac0bd221505c22a8ba8546e3265f4fe7edcf6935) + +How do we know GME is *idiosyncratically* special? + +[Reddit and MSM?](https://preview.redd.it/flakhwkm3au71.png?width=1766&format=png&auto=webp&s=edac276596ed6c0c12d708d8925a036fd1d49e0d) + +# So... Who's bag holding? + +The DTCC & NSCC are ultimately responsible because they guarantee trades as the clearing agency: + +[Clearing agencies are ultimately responsible. ](https://preview.redd.it/f59nhnmx2au71.png?width=1752&format=png&auto=webp&s=52851923eccd5612029959546e6cbb1b4e1ba86e) + +Figuring out which agency is responsible depends on the type of failure. + +[DTCC and NSCC are the clearing agencies responsible.](https://preview.redd.it/prjzcwoz2au71.png?width=1696&format=png&auto=webp&s=5fea4d01ebc158e98ba5a081b89783c663057e69) + +Ready for the blame game? Are the failures are from transferring positions (DTCC), maintaining records (DTCC), or settlements & clearing (NSCC)? Or, you know, *both*! + +**EDITs**: Sorry, it's all in flux. Adding and clarifying as I go. + +[Link to the SEC Report](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf) +Hello Etherians, + +&#x200B; + +Here is my take on the current situation. + +&#x200B; + +Ether did great to break to $180. This dip down was expected. If you trade remember to move stop losses up to claim profits. + +&#x200B; + +We are consolidating hard in this lower range. I am not sure that we won't take another little dip to $150, but I already bought back in. + +&#x200B; + +If someone held a gun to my head I would say that we won't be going below $154 anytime soon. \[Kraken numbers\] + +&#x200B; + +We are building up fuel for another significant launch up. If we crack $170 again I think it will be a near immediate ascent to $200. Resistance exists around $210. If we crack above $220 we have another big liquidity gap until around $270-$280. + +&#x200B; + +If we blast through $200 with enough velocity there may not be enough liquidity reshuffled in time to slow our ascent to $280. + +&#x200B; + +The next 24-36 hours provides our next opportunity at a $50 green candle. + +&#x200B; + +. + +. + +. + +. + +. + +. + +. + +Disclaimer...... + +this is just my own take for educational purposes. Not financial advice. + I opened up a Lloyd's account to be able to get the free movie tickets + one of their regular monthly savers @2.5%. They charge you 3£ a month if you don't deposit 1500£ monthly. On the day I opened my account I deposited 10£ first as a test then deposited 1500£ more + +Given I'd met my minimum requirement I decided to withdraw on the same day. When I made the order to transfer on the app the transaction was flagged as suspicious and stopped. I was asked to go to the bank with photo ID and my account was completely locked. + +When I went to the branch the person at the desk made me speak to someone on the phone who got me to agree that I was aware this wasn't a fraud etc. Basically like a laundry list of things which I had to say yes to on the phone being recorded. + +Then the bank teller was quite angry when I told her this wasn't my primary account and I was going to do this every month and was using the account for movie tickets and maybe the monthly savers. She says this isn't the way to use the account and why I applied for this account and how did you get approved etc. + +Can they legally stop me or make it difficult for me to use the account given I've told them what my intentions are? +First off, I removed any stocks trading under $1. I thought I'd provide a list of stocks trading under $20 that have weekly options because it was something I have been looking for myself, and maybe there's a few of you that are a bit new to this like I am that would be interested. + + +&#x200B; + +https://preview.redd.it/puqy8nd36tr61.png?width=1048&format=png&auto=webp&s=a5a18cb7c51f442220fe95354071cf38e1beb682 +I’ve spent my whole life focused on paying off my mortgage along with maximizing my registered retirement contributions, but I’d never really put much thought beyond that. + +I’m happy to say that we are now 100% debt free and I’ve caught up on any available room limit in our RRSP, RESP and TFSA accounts. I’m starting to see my savings account grow again, but I don’t know what to do with the money. Do I look at an investment property, or open a non-registered investment account?? + +We have about 15 years until retirement, and likely $20-30k per year to invest outside of our registered accounts. + +Any advice would be helpful. I’m not adverse to risk, but need something that isn’t overly complicated. +This latest buy from MicroStrategy (Michael Saylor's Company) of Bitcoin has made this inequality very apparent to me- the big becomes bigger and the small becomes smaller. (proportionately speaking) + +The most shocking figure for me was that the majority of people- close to 85% of the total wallet address who holds BTC- holds less than 1BTC in their account while only 0.04% of the total wallet addresses holds more than 100 BTC each accounting to the collective ownership of close to 63% circulating bitcoin. + +I always thought that Bitcoin was a means to erase this rampant and corrupt inequality, alas, as reference to the real world- the rich will grow richer and richer by each passing day. The freedom to invest a huge sum and let that sum grow is a luxury not all of us can have. + +Edit 1- I love Bitcoin, i love the technology, what i don't love is this inequality in the ownership. + +Edit 2- Central exchanges holding Bitcoin: Can we approximate the number of Bitcoin held by central exchange and then assume that a large chunk of it is held by small retail players because players with significant numbers of Bitcoin would migrate to their personal wallet. + +Maximum amount held by exchange should not be more than 10-12% (according to a dated article published this year) so if we reduce that from the current number 63%, 50% is still held by 0.04% and that still is a significant amount? Does this argument hold? +Title says it all: +registered shares ≠ infinity pool shares + +There’s a lot of ongoing dogma being circulated like, “You can’t sell your DRS’d shares” or “Only DRS the shares you want to add to the infinity pool”, and since there are lots of new apes joining every day I want to make things perfectly clear + +**1) DRS 100% your shares, it is the only form on control we have in this uphill battle** + +**2) You *are* allowed to sell the shares you DRS, they are not locked away for good** + +**3) The choice to contribute to the infinity pool is *optional*** + +**4) If anyone tells you that you cannot sell registered shares, it’s FUD** + +**5) DRS even more shares** + +Now there are plenty of OG apes that will get their dicks in a knot at the thought of any less than 690% of the float being added to the infinity pool, but this isn’t about them. This post is for the new apes and for the apes on the fence about whether or not to DRS + +The gist of the matter is - +If you can DRS your shares, you *should* +There is absolutely *no downside* and every share is important + +At the end of the day, they are still your shares, and you chose what happens to them. But there’s only one way apes can make this rocket take off, and you all are a key part in that process + +**D**o it +**R**egister +**S**hares + +^(Disclaimer: This is not financial advice. Anything you see here should not be performed without the aid of an adult. Also, Ken can eat shit and chug my balls.) +I see a lot of new options investors who seem to be confused about the difference between these two terms. I see a lot of screen shots showing 'breakeven' points, which suggest that a stock must reach the strike price for the trade to become profitable. + +This is not at all true. If you have a stock that is trading at $20 and you buy an option dated a few months down the road at a strike price of say $30 for $1 per share, the stock does not have to reach $30 for you to make money. + +If that stock rises a few dollars, the option will rise in value also. As soon as the value of the option rises above your cost plus commission, you can sell it and realize a profit. + +If the stock price rises above $30, then the option is considered to be In The Money. At that time, the option value will start to have intrinsic value on top of the remaining time value. It will rise almost dollar for dollar with the stock then. + +You can sell an option at any time, just like a stock. The expiration date is the last day you can do anything with the option, so don't wait until the last minute to act, but you can do as you wish at any time between now and then. +Anyone know why? P/E ratio of 31.74. Materials in general are up about ~100% in that timeframe and have a P/E of 30 (forward P/E of 20). Seems like a good albeit somewhat risky buy. +[**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/) +At these advice of some other posters here I have been running scenarios in [firecalc.com](https://firecalc.com). It is really a great tool as it allows you to put in nearly all of your financial data (portfolio balances and composition, when to start retirement and how long, income needed, pensions, SS, future contributions and windfalls, etc.) and figure out historically if your situation would be successful based on all of the starting years for which they have data. + +In my situation, my retirement will be funded by a combination of 401k/457b, pensions, SS, and a windfall I expect when selling my house before moving abroad. I am toying with the idea of retiring in 3 1/2 years at age 55 so I wanted to see what income I could generate. + +Without boring you with the details I looked at the differences in withholding my pension from age 55 to 63 (thereby increasing it from less than $13k to more than $26k) and withholding SS from age 62 to 70 (thereby increasing it from less than $25k to more than $43k). Much to my surprise holding out those 8 years to nearly double my income resulted in a less successful retirement by every metric that firecalc shows. I ran the scenarios with a starting income of $84k running to age 90 with CPI increases to see how it worked out. The results show the early payouts (55 and 62) vs waiting (63 and 70): + +Odds of success: 92.7% vs 85.4% + +Average money left at the end: $8.2M vs $7.3M + +High money left at end: $19.3M vs $19.2M + +Low money left at end: $-1.9M vs $-3.9M + +Worst case minimum number of years before being broke: 22 vs 14 + +I also figured out what the maximum amount of money to spend each year at historical 100% success and the early pensions/SS won there as well at $78k vs $72k. + +The only situation where the late payments works out better is if I hit the worst case scenario and exhaust all of my 401k/457b. The worst historical year would put me at 14 years (age 69) so I could still end up with my pension (more than $26k, only slightly inflation adjusted) and SS at $43k (or about $40k if I had to start at age 69). I would also have another pension that would also pay out about $13k (not inflation adjusted) leaving me with about $79k decreasing effective value annually as my pensions won't keep up with inflation. Whereas if I took the more historically effective route of early payout from my pension and SS, and I still crapped out 22 years later at age 77, I would only have less than $25k (SS) + $13k (pension 1) + $13k (pension 2) = less than $51k, also losing value from inflation. It would be a lot tougher to live on that $51k than $79k if the need arose, although like I said there has never been a scenario where the early withdrawal plan didn't succeed in giving me $78k (inflation adjusted). +I'm currently investing in index ETFs, but I would also like to start investing in individual companies. I was wondering what sorts of things I should be looking for, qualitatively or quantitatively. Where can I find this information? Are there any tools that you use to either find the information or somehow sort it out? + +Also on other subreddits I head about Due Diligence. Is that similar to doing stock research? How should I perform Due Diligence? +&#x200B; + +* Agency rejects trust to pay shareholders before final approval +* Ruling opens door for Canadian Pacific to revive merger plan + +Canadian National Railway Co. was dealt a potentially fatal blow in its $30 billion effort to acquire Kansas City Southern as U.S. regulators rejected a plan to use a voting trust to make the purchase. + +“Applicants have failed to establish that their use of a voting trust would have public benefits,” the U.S. Surface Transportation Board ruled Tuesday. Using a voting trust “would give rise to potential public interest harms relating to both competition and divestiture.” + +Kansas City Southern had demanded the trust -- a means to pay shareholders even before the deal gets a final antitrust nod -- for any merger deal. The STB ruling could prod Kansas City Southern to rethink Canadian National’s offer and send the U.S carrier back into the arms of Canadian Pacific Railway Ltd. + +The takeover battle will determine which Canadian company will become the first railroad to have tracks through Canada, the U.S. and Mexico. Kansas City Southern gets about half its revenue from Mexico, which is poised for an investment surge as companies seek to shorten supply lines that stretch to Asia. + +Canadian National’s shares jumped 5.6% to C$146.02 at 1:57 p.m. in Toronto after climbing 10%, the most intraday since March 2020, to an all-time high. Kansas City Southern dropped 3.2% to $284.29 in New York after tumbling 5%, the most midsession since July 8. Canadian Pacific slid 3.9% to C$87.27, the most intraday since early July. + +The STB has already approved Canadian Pacific’s voting trust, which could give it the upper hand as it courts Kansas City Southern. The STB ruling against Canadian National vindicates Canadian Pacific Chief Executive Officer Keith Creel’s decision not to match his rival’s bid in that hope that regulators would reject Canadian National’s trust. + +Creel, who said Canadian Pacific didn’t have the financial firepower to win a bidding war, was emboldened after the STB said Canadian National would have to prove that its deal would be in the public interest, a heavy burden adopted in 2001 to quash industry consolidation. + +Canadian Pacific had reached a $25 billion deal for Kansas City Southern only to have it snatched away by Canadian National in May. A last ditch $27 billion bid by Canadian Pacific in August was rejected. The U.S. railroad will now have to decide how the STB ruling changes the equation. + +Canadian Pacific, the second smallest of the seven major North American railroads, after Kansas City Southern, only has to establish that its tie-up wouldn’t hurt competition -- a lesser standard than faced by the larger Canadian National. Noting Canadian Pacific’s lack of overlapping routes with Kansas City Southern, the STB said in April that the Canadian railroad’s proposal “appears to be end-to-end in nature, which likely raises fewer competitive concerns than a transaction that is not end-to-end.” + +Canadian National had sought to blunt some of that concern by committing to sell a 70-mile stretch of track that overlapped with Kansas City Southern’s network in Louisiana. + +The ruling is a defeat for Canadian National CEO Jean-Jacques Ruest in his effort to leave his smaller national competitor even further behind. The two railroads have waged a century-old rivalry that has included litigation over poaching employees and clients. Ruest and Creel worked together at Canadian National when Creel was its chief operating officer. + +Canadian Pacific has been hoping that purchasing Kansas City Southern would narrow a size gap with Canadian National and match its T-shaped network, which spans Canada and drops down through the U.S. to the Gulf of Mexico. Without the acquisition, Canadian Pacific would be isolated in Canada. + +Under the terms of its merger agreement with Canadian National, Kansas City Southern can walk away if the regulator rejects the voting trust. In that circumstance, Canadian National would have to pay Kansas City Southern a $1 billion breakup fee. Canadian National may decide to appeal the STB ruling. + +A Kansas City Southern merger with Canadian National would create the third largest railroad in North America, leapfrogging Norfolk Southern Corp.and CSX Corp., according to a Bloomberg data analysis of five-year sales trends. + +[https://www.bloomberg.com/news/articles/2021-08-31/cn-rail-s-30-billion-deal-for-k-c-southern-is-put-in-jeopardy?srnd=premium-canada](https://www.bloomberg.com/news/articles/2021-08-31/cn-rail-s-30-billion-deal-for-k-c-southern-is-put-in-jeopardy?srnd=premium-canada) +I've been mulling on this over the last few hours..... + +So Melvin was short a shitload of GME (and presumably a few other basket stock too). + +Theory goes that earlier this year Melvin was relieved of its short positions by Citadel + others. + +Melvin then "goes long", which presumably means it needed to open new positions in the likes of Facebook, Peloton, Netflix etc..... + +Looking back now, its pretty terrible timing, presumably they had to take these positions from someone. + +If I put my tinfoil hat on, how fucking convenient is it that Melvin Capital has an investment vehicle, that just starts to take on a shit-ton of long positions in companies that just go to shit shortly after opening their position, and then the convenient answer to that is to try and just wind it up and then start again. + +Have Point72/Citadel/Susquehanna (or whomever) basically turned Melvin into their own custom-made bagholder knowing that there was trouble brewing and their plan was to basically burn Melvin Capital investors having crystallised the gains +We’ve all seen this article, or variations of it, posted all over the sub the past couple of days full of quotes from S3 partners’ IhornDuhawinsky - [example here](https://www.reddit.com/r/Superstonk/comments/z3ui7d/chocolate_drink_media_on_insta/) - but what I’ve not seen is any real discussion of the above line. + +95% of available stock borrows are already being used to *cover shorts*. Not even for actual short sales. + +Pretty much all of the stock that has been borrowed recently is being used, by short sellers, to cover their original short. Which means that, if the borrow is called in, they will have to buy stock to return and will then *still need to buy more if they want to close their original short*. + +~~They’re double fucking short, the idiots.~~ EDIT: I’m mistaken here in that, if they are borrowing a share in order to return the original borrow they are still 1x net short, not 2x as I initially though. However, they can only do this as long as there are shares available to borrow. Once the float is locked they will *need* to buy if they want to close. + +Does this scream ‘I’m so convinced this company’s going bankrupt that I’m going to borrow more stock so I can short it twice’? Because to me it sounds more like ‘I’m so completely fucked if I don’t cover my original short that I’ll borrow even more stock to do that, and worry about the consequences later’. + +Add to this the fact that whoever they’ve borrowed stock from was likely sold it via short sale in the first place, and this whole thing is primed to explode. It’s shorts all the way down, exactly as we’ve all been screaming for two years now, and any serious buying pressure is bound to set it off. + +As soon as earnings flip positive, be it this one or the next, we’re gonna see some fireworks. + +TL;DRS +Is it possible to buy a property right now at 750k, except don’t pay the last 150k then sell another one of my properties later this summer and apply that equity to the house I bought to reduce tax liability? + +Thank you for your help, and Merry Christmas! +# Yes todays daily is 741 + +Good Morning Everyone! + +So today marks the first day of the OPEX window that extends through Thursday of this week. + +There is not much for me to cover that I didn't cover in my DD yesterday. + +[https://www.reddit.com/r/Superstonk/comments/sy36q8/wycking\_off\_for\_opex\_confluence\_of\_datasets\_and/](https://www.reddit.com/r/Superstonk/comments/sy36q8/wycking_off_for_opex_confluence_of_datasets_and/) + +I did want to talk about the effect of the possible conflict in Ukraine, as some of the action that were taken Yesterday by Putin could have an effect on our weekly expectations and they occurred after the DD was written. + +This is tricky as there is no actual conflict between NATO and Russia as of this moment, so the reaction in the market is hard to predict we saw large fluctuations in futures yesterday but they seem to be resolving to a more neutral outlook. The VIX is still elevated indicating more volatility is likely to play out in the market today. + +As for this effect on GameStop. Some early morning European arbitrage saw us drop almost $8 in premarket we seem to be recovering nicely so far as does the S&P 500. + +**This is uncertain, if the market corrects I do not know if the buy pressure from OPEX will be sufficient to inverse the selling from active investment funds. We will have to see.** + +To our downside we have support around 116.50 and 114.50. Below that 108 and 100 are our next strongest. + +[We do look well setup for a bounce here on the 1h](https://preview.redd.it/bvob207b4ej81.png?width=1529&format=png&auto=webp&s=04a47bd77f3b9fd0584defc416a4db79e4fc5fec) + +**DIX pics** + +[Big spike in the DIX last Friday jumping up over the 10 volume weighted average](https://preview.redd.it/jzpuwxjm4ej81.png?width=2486&format=png&auto=webp&s=2ca088a612f5c3bf56b91ce040468b28a425255c) + +[IV30 at 111.98&#37;](https://preview.redd.it/j4se9t3t4ej81.png?width=2505&format=png&auto=webp&s=b8fb9fad202025cb853502159bdb91a0eeb30965) + +[Some positive gamma exposure from last Friday could protect our downside as well](https://preview.redd.it/eubv49m45ej81.png?width=2481&format=png&auto=webp&s=0c8dde8bd01c1357f66ef2703c46bca6829a9f08) + +If GME remains stable or displays signs of negative beta during an overall downward market move we may see a surge of institutional interest. + +**You are welcome to check** [my profile](https://www.reddit.com/user/gherkinit) **for links to my previous DD, and YouTube Livestream & Clips** + +Historical Resistance/Support: + +46, 92, 98, 100, 104.50, 116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Market + +So not bad for the first day of this OPEX window we managed to outperform the market and had enough price action to keep us in line with our current trends. Remember that this OPEX period extends for another two days till Thursday of this week because of Monday's holiday. The goal here for them is likely to burn theta on weeklies, and wait on the conflict in Ukraine to play out. I will be looking for AH movement as it can sometimes signal the start of these runs. Thanks for tuning in see ya tomorrow. + +\- gherkinit + +https://preview.redd.it/uraazlkq8gj81.png?width=667&format=png&auto=webp&s=9a5e1f96dd6b6c4353406495c7f31b8e08958754 + +Edit 7 2:22 2/22/22 + +? + +https://preview.redd.it/7i50netiqfj81.png?width=1573&format=png&auto=webp&s=dff2e0e38ad69d5773d4b727135e7a02f4bb29b7 + +Edit 6 1:32 + +Invers H&S looks good for a push, market looks like it's waiting on the Biden speech + +https://preview.redd.it/vk7gcz7khfj81.png?width=1585&format=png&auto=webp&s=7f472452d35cdbaa1eaa4ed8c101afe2baf677b6 + +Edit 5 12:27 + +Looking at call volumes for upcoming expirations Feb 25 69% bullish + +[thanks for data goes to u\/Turdfurg23](https://preview.redd.it/d7i9lke16fj81.png?width=658&format=png&auto=webp&s=00cfac113fc3d41ac0f1a723bfa2b339ce4227cb) + +GME bouncing at the 116.50 resistance we spoke about earlier today + +https://preview.redd.it/irfxf3d56fj81.png?width=1594&format=png&auto=webp&s=20ff4062a2ed579979aaf351aca6ad0e593c3f61 + +Edit 4 11:57 + +Get shorted out of our consolidation at max pain into the midday as volume slows to a crawl. + +https://preview.redd.it/e5kgucjo0fj81.png?width=1585&format=png&auto=webp&s=b7ac36115d12910366211336969021cba22d0c6f + +Edit 3 11:09 + +A nice bounce of max pain but a weak breakout volume is still low but we are inversing the market currently + +https://preview.redd.it/s4zxs8f6sej81.png?width=1220&format=png&auto=webp&s=a430caf14ebfd863c0ea1a90cbc3af658262edb6 + +Edit 2 10:13 + +GME breaking gamma neutral/ max pain. + +https://preview.redd.it/ytv7aft2iej81.png?width=1601&format=png&auto=webp&s=345cd0efa70a6da0aa1dd1c0c67b24dd58808a04 + +Edit 1 10:03 + +Mostly just tracking with the overall market right now volume is still fairly low as we chop just below max pain. + +https://preview.redd.it/2oqnzr8fgej81.png?width=1589&format=png&auto=webp&s=48e05d3c2493a0170847dd979c3e78251b2edb25 + +# Pre-market Analysis + +GME seeing a nice bounce off the 1h trend I posted above. Regaining most of the value lost in the early morning so far. This looks tentatively bullish for now. + +[GME pre-market 1m](https://preview.redd.it/ay80jm7n6ej81.png?width=1521&format=png&auto=webp&s=c449364aa6e7fac4d216050457753e6d25492d39) + +Volume: 43.30k + +Max Pain: 120 + +Shares to Borrow: + +IBKR - 45,000 @ 1.9% + +Fidelity - 89,130 @ 1.5% + +(not a lot of available shares this morning, this is interesting we didn't see larger numbers returned over the weekend) + +TTM Squeeze + +[Fire signal now showing for last week](https://preview.redd.it/uzgckp8v6ej81.png?width=2447&format=png&auto=webp&s=827594830c1a208904ae814aa78c2451837cc116) + +BB/KC Squeeze Signal + +[BBKC firing on the 4h ](https://preview.redd.it/wpuwjhm57ej81.png?width=2444&format=png&auto=webp&s=00809274dec06de7e9f3ce4f10192a6437ffa081) + +This is generally significant when these both confirm a squeeze signal simultaneously ! Indicating Violent Upside Potential. + +CV\_VWAP + +Picking up some steam this morning + +https://preview.redd.it/yellj8zi7ej81.png?width=2452&format=png&auto=webp&s=eee195245e9343f5f4fc032fdedcf8f6f1eb983d + +&#x200B; + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* +Or '#WhatsGoingOnzoMonzo' + +Currently featured on Watchdog on BBC One. Apparently they have been freezing loads of accounts and even telling some people to use food banks. +Just on CNBC. + +Bitcoin -15% on news. + +So rejection of the Winklevoss ETF and apparently rejection of the GBTC etf on the pink sheets which I believe had intended to list on the NYSE. + +https://www.youtube.com/watch?v=EKu7TYWNxqA +Twilio is an API platform for communications. Their ecosystem allows companies to quickly deploy, measure and scale telecommunications through a programming interface. + +**First Considerations** + +Twilio is expected to continue growing at rates around 36% year over year for the forseable future according to management. Right now the company is losing money but growing rapidly. Some may say this is a growth stock, not a value stock. I would disagree, anything can be a value stock if its undervalued relative to its intrinsic value. Whether it has negative, zero or positive growth is inmaterial. + +**A story of Growth** + +Twilio has a history of underpromising and overdelivering. Right now they are expected to grow around 30% but during their first quarter of 2022, they actually grew 48% year over year. Organic revenue growth (before acquisitions) is up 35%. New revenues from existing costumers expanded by 27% year over year. This means their previously acquired customer base grew by 27%. This shows a high level of stickiness and their ability to increase LTV over time. + +Their gross margin is currently at around 50% but I expect that to increase to 60-65% as new products become a more important part of their portfolio. + +**Business Model** + +Twilio generally offers a pay per use model where they only charge the customer based on actual usage of products. This is very important since they are unlikely to oversell customers and cause possible churns in the future. + +There are high switching costs in changing providers and generally, for their customers quality and deliverability is extremely important. Twilio is also growing their product offering, going into more advanced products through acquisitions. Although it may seem they overpaid for several acquisitions, I believe they will produce much more value in the long term by leveraging Twilio’s client base and complementing their offering. In particular I believe Segment might become even bigger than Twilio’s core business. + +**Valuation** + +Currently the company is selling at $97 bucks per share. They are still printing shares at a rapid rate but slowing down. This has been taken into consideration in my valuation model, with the assumption that new share issues continue at a 6% and gradually slowing down to 2% yearly in 10 years. I believe they will start doing buybacks before the ten years with the excess cash but I am using a relatively conservative assumption and assuming the shares outstanding number will continue to expand. + +Right now they are losing 5.44 dollars per share, but with their current growth rates I believe it is at acceptable levels, more importantly, management has taken measures to reduce spend in particular in sales and marketing. This might have an impact on new customer acquisition but considering most of their growth comes from a high net dollar retention, I believe this slowdown will be mildly cushioned. + +In any case, I’m assuming a 30% growth in revenues and then reducing growth rate on a straight line by 10% every year until year 10 to finish in 12%. I am also assuming expenses will continue to grow at rates of around 9% gradually slowing down to 4%. This last part might not be the case if management continue their cost control process. I believe the company will benefit from the general depreciation of the tech sector making them more disciplined. I believe they will come out of this stronger. + +I am also using a 6% discount rate and a 20x Terminal Earning Multiple. Considering revenue growth rates of 12% in year ten, this seems reasonable. + +With this I arrive at an intrinsic value of $255 dollars per share. Considering the current market price of $97, I believe its currently trading at bargain prices. + +**Advantageous Knowledge** + +I am a Twilio client in one of my business. I also know very closely two companies that are heavy Twilio users. I’ve used the API myself as a developer. I honestly believe there is nothing close in terms of service, tooling and documentation quality in the market. As a developer I’ve looked and used several alternatives. I cannot imagine the amount of effort it would entail for the businesses I know to replace Twilio or even if its entirely possible. Their current market offering is truly unique. + +**Why its undervalued** + +In addition the recent tech sector selloff, I believe many investors believe Twilio is in a commodity service business, and for a large portion, specially SMS they might be, but there are several differences in deliverability, and quality of service between providers. Is not easy to replicate a reliable network and an ecosystem of integrations. This is relatively hard to grasp for many investors and there is increased difficulty on putting a dollar value to the company. The final product is mostly an API and non customer facing. This might exacerbate mispricings. Nonetheless, I believe in the long term, cash flows will speak for themselves. + +I do not think we will get many opportunities to buy at current prices. + +**To the reader** + +Thanks for reading my analysis and I welcome your thoughtful criticism and opinions. +I've study investing about one year. Can senior here judge my knowledge? I just want to double confirm my knowledge is fine. + +On not losing money +Long term just dca into index fund, confirmed won't lose money in the long run, like 10 yrs + +On trading +Trading has 50% of up and 50% of down. Don't trade if you don't have a time of a full time job + +On stock picking +Even full time fund manager don't beat the market, so index fund still the best. But you can still try to pick stocks. Copy great investors pick, pick their top 1 holding from 10 great investors, the odd of beating the market is way higher than your own research, it's just common sense, you have a day job. + +On investing on yourself +I think this is what I called hardest. How to be valuable to get active income coz cash flow is king. + +It's simple but not easy, why? Because improving ourselves is hard. How to be emotionally stable and clam, how to delay our gratification, how to not act without reason... All these displine are hard, it's going against human nature. When you look at buffet and munger, they're like athletes, wonderful human being. + +What do you think? So the most practical things to do is increase your knowledge and active income, copy, buy and hold! +Hi all - I notice there are a few questions around accounts / 10-k's every few weeks. I am a qualified accountant currently working in credit risk. I look at financial statements on an almost daily basis and would be happy to answer questions around how to read / evaluate them. + +No question too basic, although I'm sure - given the quality of the sub - there will be loads that are too complex! I see this as a learning opportunity for me as much as anyone else. + +A big thank you to the mods for accommodating this AMA and thanks in advance to everyone asking questions. I will be checking this every few hours over the weekend. +Hi + +I am posting on this group because I have, over time, learned to appreciate how this group values only true gems. I am trying to figure out how to value Bond investments. + +So I found an offer to buy 50 U.S. Treasury Bonds Expire 2050 for 57.61 cents on the dollar with a Coupon of 1.25%. So I need to spend $29,054.28 now and I will get paid $625 per year in interest until 2050 if I choose to hold that long with a guaranteed payment of $50,000 in 2050. Basically if I do the math assuming yields stay here I should net 100% return on my money in 28 years. I know this is worst than the market return but..... here are the questions, in the next recession, a few years from now, or maybe 2023, the Fed will likely cut rates again. When they do, my Bond Price will rise, even if I don't make it to par that will mean I recoup all back much sooner. + +Please help me poke holes on my theory... Issues, what I am missing? This looks like the Value of the decade to me..... + +Thank you for your thoughtful replies. +Vale - iron ore down side and regression to the mean + +Hello, + +I have been looking through my notes and calculations so my head was primmed with Vale and iron ore. + +Why would it (and competitors) go down? + +1. Iron ore prices +2. China steel cut +3. Lawsuit for Samarco + + +Iron ore has dropped a huge, outstanding ratio, it is an outlier event. Based on the mathematical fact of regression to the mean, August was an outstandingly bad month, the chances are the following month will be better is way higher than to be worse, providing a bottom for iron ore and Vale’s price. + +China has been trying to cut steel output but it’s related to 32% of their GDP and their previous attempts were unsuccessful, output always rebounded harder than before - 2017 Vale interview is a good example. + +The Samarco lawsuit against Vale-BHP was dismissed, reducing regulatory risk but the price dropped after the good news, seems not right. + +Calculating with Vale’s reserves, without new exploration and drastic output increases they can produce until 2069 for iron and 2036 for manganese ore (SA info). Overall giving them a valuation around 110b - 29% upside. + +Not mentioning that they have the best ROE ROI and margins, low debt and high current ratio. No other miner can compete. + +When China starts again (their August iron ore import was historically high of $20b) and iron ore consumption further increases, Vale will benefit against Australian producers due to political factors. + +Vale is also ESG heavy with investments and 100% green energy by 2030, now around 70%. Higher quality ore is less polluting also Vale has the best quality among its peers (62-67%), with 20% premium/5% quality increase. + +Management is great, incentives are adequate and reasonable. + +There huge moat is very durable + +- iron ore has been essential since bc 1000 + +- no more Amazon, infrastructure (rails) and fleet can just randomly appear + +- cheapest producer + +Summary: + +I believe their downside is limited both from a qualitative and quantitative perspective and mathematical logic of regression to the mean. Noteworthy is the macro environment favoring infrastructure spending, USD devaluation favoring hard assets and debt denominated in dollars. + +Limited downside and huge upside potential. +Vale - iron ore down side and regression to the mean + +Hello, + +I have been looking through my notes and calculations so my head was primmed with Vale and iron ore. + +Why would it (and competitors) go down? + +1. Iron ore prices +2. China steel cut +3. Lawsuit for Samarco + + +Iron ore has dropped a huge, outstanding ratio, it is an outlier event. Based on the mathematical fact of regression to the mean, August was an outstandingly bad month, the chances are the following month will be better is way higher than to be worse, providing a bottom for iron ore and Vale’s price. + +China has been trying to cut steel output but it’s related to 32% of their GDP and their previous attempts were unsuccessful, output always rebounded harder than before - 2017 Vale interview is a good example. + +The Samarco lawsuit against Vale-BHP was dismissed, reducing regulatory risk but the price dropped after the good news, seems not right. + +Calculating with Vale’s reserves, without new exploration and drastic output increases they can produce until 2069 for iron and 2036 for manganese ore (SA info). Overall giving them a valuation around 110b - 29% upside. + +Not mentioning that they have the best ROE ROI and margins, low debt and high current ratio. No other miner can compete. + +When China starts again (their August iron ore import was historically high of $20b) and iron ore consumption further increases, Vale will benefit against Australian producers due to political factors. + +Vale is also ESG heavy with investments and 100% green energy by 2030, now around 70%. Higher quality ore is less polluting also Vale has the best quality among its peers (62-67%), with 20% premium/5% quality increase. + +Management is great, incentives are adequate and reasonable. + +There huge moat is very durable + +- iron ore has been essential since bc 1000 + +- no more Amazon, infrastructure (rails) and fleet can just randomly appear + +- cheapest producer + +Summary: + +I believe their downside is limited both from a qualitative and quantitative perspective and mathematical logic of regression to the mean. Noteworthy is the macro environment favoring infrastructure spending, USD devaluation favoring hard assets and debt denominated in dollars. + +Limited downside and huge upside potential. +As the title says I want to know what you guys think about the book. I generally look at a book's table of contents to see if it suits me and I do think it looks like a pretty good book that starts by talking about analyzing companies, teaches some basic accounting, valuation and finally gives a gist of various industries. Is it any good for beginners ? How well does the valuation methods and analyzing methods fare compared to other methods ? +Anyone, run DCFs on oil companies? I am looking for the most undervalued oil company. I plan to open a large position in DOW. I find it to be undervalued, unless the price of oil goes up, which is the feedstock for its polymer section of the business. I would like to hedge that with an undervalued oil company. + +Also, I welcome a discussion on this strategy. I have applied it to two companies in both sides of the chip industry. I have a company that should profit on the continuation of the chip shortage, and another company that will profit if the chip shortage recovers. +A few of mine are.. + +* Every positive is lauded, every negative minimized. Replies with unrecognized risks are consistently refuted or contested. +* Data is surface level and short-term (IE: Last quarters revenues were great!) Posts are low or no effort. +* Users post history is singular in focus. They only talk positively about one stock at a time, on multiple subs. +* Bettridge's law + +What fast filters do you use to quickly screen bullshit, particularly on the web? + +edit: fixed a few words +Recently I discovered an interesting company, and therefore I decided to do an analysis and post it here for your feedback. As usual, this is not a financial advice, rather, it is more like an observation of how a low-profile company that without a fancy story, despite working in some hot sectors, can be missed out by speculators. + +Here is a link to my previous analysis of CVS if you would like to read that as well: [Reddit Link](https://www.reddit.com/r/ValueInvesting/comments/r5bmjz/cvs_health_cvs_analysis/) + +**TLDR** + +Supplier of nuclear reactors and components to the USN, sole supplier of nuclear fuel to the USN; extremely high entry barrier. + +1 of the 2 contractors to design & build a mobile nuclear reactor for the DOD, a technology that can change military logistics. + +Grid inertia remains a critical challenge for the adoption of renewable energy, while SMR/microreactor is a feasible and cheaper solution. + +Defense, green energy, and space exploration stock. + +At a fair price even if we assume a low growth scenario. + +**Introduction** + +BWX Technologies (BWXT) is a nuclear reactor manufacturer and service provider. Originally founded as the Babcock & Wilcox Company around 150 years ago, BWX Technologies, the nuclear power business, is now trading separately from the Babcock & Wilcox Enterprise (BW). The company has a very long history working with the US navy, from the boilers used in the great white fleet and the USS Missouri battleship, to the reactor components of the first nuclear submarine. Nowadays, BWXT is still involved in nuclear reactors used in the navy, including those used on the Nimitz and Ford class carriers; and is a sole supplier of nuclear fuel to the navy. (AFAIK the whole A1B reactor system is designed and built by the Bechtel, those components like steam generator/reactor/pressurizer are provided by BWXT). + +This company generates its revenue from nuclear related business, around 80% of that is from the government, and 20% of it is from the civilian market, mainly in Canada. This company has 3 groups of business, and they are the: + +1. Nuclear Operation Group (NOG), around 77% of revenue +2. Nuclear Power Group (NPG), around 17% of revenue +3. Nuclear Service Group (NSG), around 6% of revenue + +NOG +The Nuclear Operation Group mainly designs and manufactures nuclear components, reactors, and fuels to the US Naval Nuclear Propulsion Program, which can be seen something headed by the Department of Energy and the US Navy. Even though the NOG group relies heavily on a single customer, as a leading provider of the nuclear reactors for the US nuclear carriers and submarines, and one of the two TRISO fuel, a meltdown proof fuel, providers in the US (the other company is X-Energy, a private company), BWXT generates a very stable revenue from this group, and is pretty much safe from the entry of new competitors challenging its core business. Still, as around 90% of the revenue in this group is from the US government, any cut in the naval budget will severely affect the earnings. + +NPG +The Nuclear Power Group is the civilian business sector of BWXT, it manufactures nuclear components, fuels, and provides services to nuclear plants, including supplying equipment for the storage of nuclear waste. It also manufactures some radio-compounds for medical uses, accounting for around 10% of its revenue in this group. Unlike the NOG, the NPG mainly operates in Canada, which contributes 83% of revenue in this group; a recent example is the Darlington SMR project in Ontario. Due to the nature of its business, the revenue is, again, pretty much stable, and recurring; and this group has a much higher growth potential than the NOG. + +NSG +The Nuclear Service Group is more like an R&D and management service provider, it manages nuclear waste for the DOE, as well as managing some nuclear production facilities, and develop new technologies for different parties mainly in the US; for example, a mobile nuclear reactor project, the Project Pele, awarded by the Department of Defense, and a nuclear propulsion reactor project, awarded by NASA. Even though this group contributes just around 6% of the company revenue, any successful design project will bring revenue to the other groups in the future. + +**Debt** +Next, we want to look at its debt, the due date, and the interest rate. The company has $1.25B debt, all of them are due in 2025 or later: + +|Amount ($M)|Interest rates|Mature in| +|:-|:-|:-| +|465|1.58%|2025| +|400|5.375%|2026| +|400|4.125%|2029| + +Since the net cash from operation of this company is pretty stable, at around 200-300M per year, the company should have no problem paying interests of its debt. However, the debt level of this company has increased over the past few years, and this is a little bit concerning. + +**Project Pele** +A project awarded by the Department of Defense, the Project Pele aims to create a mobile and fast-deployable nuclear microreactor. It is expected that BWXT, and its competitor X-Energy, will deliver a microreactor design in the early 2022, and deliver a prototype reactor in 2023. Even though I am no expert in military logistics, I can see how this technology can provide more flexibility in military strategy. Not only it allows the military to deploy faster in war or emergency response (in cases like the tornado earlier), but it also reduces the usage of land transport. (In the war with Iraq and Afghanistan in the last decade, most of the casualties were occurred during land transport missions.) + +**Renewable energy and Carbon reduction** +Adopting renewable energy sounds easier than done, we are seeing countries vigorously abandoning fossil fuels and adopt renewable sources from wind or solar, banning capital investment in the fossil fuel industries, closing existing plants, etc. As a result, the European energy crisis, caused by multiple downsides of solar/wind, is getting worse in winter. One of the biggest problems of using solar / wind is that these sources are intermittent, meaning that not only it is an unstable source, but also is a challenge to response to the demand peak; one solution is to store those surplus energy using lithium battery (a reason why the government is pushing EV so hard), but it requires huge capital spending into upgrading the existing grids. + +The technology advancement in nuclear power provides a feasible and cheaper alternative. The TRISO fuel technology make the fuel impossible to melt down in nuclear fission reaction; the small modular reactor, which uses fewer parts, operates semi-autonomously and can be assembled in factories, further reduces the risk of system failure. Moreover, using nuclear power is way easier to provide grid inertia, making it an affordable yet clean complement to the adoption of solar / wind power in the future, especially in the areas that rely on coal plants or diesel generators. + +**Geopolitics and Naval spending** + +There are a few factors that might affect naval spending in the coming years: + +Russia annexing the coastline of Ukraine and expand its naval capacity with the shipping docks and steel factories there. + +Expanding Chinese navy that poses a threat to the US sea power. + +AUKUS – Australia has planned to buy 8 nuclear submarines. + +**Valuation** +We will valuate this company in 2 steps, the first step is to find out how much this company is worth in a scenario that the company doesn’t perform well in the future, delivering 3% growth; and the second step in to incorporate those growth factors, delivering a higher growth period in the next few years. + +The company has maintained an EBIT margin at around 16 – 18% in the past 5 years, so here we normalized that at 16.5% for the valuation; The company has maintained an ROIC at around 20 – 30% in the past few years, so we will construct 2 cases using 20 and 30% ROIC to calculate its reinvestment level. Assuming the company will remain a low growth, at 3%, in the future, and will have a cost of capital slightly lower than the avg. sp500 return, at 7%, we can estimate its value is between $45.86 – $49.39. + +Now we consider some potential catalysts of growth: + +|Event|Impact|Probability|Market Growth| +|:-|:-|:-|:-| +|Project Pele|High|Mid|Microreactor – 18.9%| +|Adoption of green energy|High|High|Microreactor – 18.9%, SMR – 11.9%| +|Geopolitics (Russia)|Mid|Low|US Naval Budget – 2-3%| +|Geopolitics (China)|High|High|US Naval Budget, AUKUS Sales| + +Since the most of BWXT’s revenue comes from the government, especially from the military; even we assume that the company can capture some growth in the SMR and microreactor market, high growth is still hardly achievable when the military budget is growing at a slow rate at around 2-3%. In the second model, we assumed the company can reach a higher growth in the following 5 years, at a total growth rate of 6%, which gradually reduce to 3% in the 6th year; while its EBIT margin reduces when the company grows larger, from 16.5%, gradually to 15%. **The estimated value of the share is 63.4, around 30% higher than its current price at $48.** + +**Conclusion** +Recently, Nuscale, a small modular reactor company, has decided to go public through SPAC, and it is expected that it will have a $1.9 billion enterprise value. Perhaps in the short term, hot money from the speculators might flow into this nuclear technology sector, benefitting BWXT as well. + +But unlike its competitors in the SMR field, BWXT already has some well-established revenue streams. I believe that the stable cash flow, as well as its capacity in mass manufacturing nuclear components, will be the imperative growth drivers for BWXT to perform well in this emerging sector in the coming future. +I've been invested and bullish on Ulta for about a year now. With the stock down 10% in the last 10 days, and nearly 50% of its all time highs of mid-2019, I think its currently trading at a bargain and a good time to buy. Here is my DD on Ulta, would love feedback. + +**Company Overview** + +Ulta is a beauty store that sells makeup, skin care, hair care, and fragrance products, along with a small full service salon in each store. They currently operate 1,254 stores in all 50 states in the US, and are currently planning to move into the Canadian market. They also operate and sell via a strong website and mobile app with 789k reviews and 4.9 stars on the App store. + +Loyalty is a major part of their business through their Ultamate Rewards program. Their rewards program has 34 MILLION active members and accounts for 95% of their sales. + +They get 95% of their revenues from product sales, and 5% from their slong services. + +**Market** + +The market and competition is highly fragmented, competing against other beauty stores like Sephora and a number of online retailers. They see the beauty product market as a $89B market where they have 8% market share, and the beauty services market a $61B market where they have less than 1%. + +**Management** + +Ulta's CEO is Mary Dillon, who has been at the company since 2013. She previously worked at McDonald's as an executive VP for 5 years. She is mostly compensated with stock awards which shows her long term commitment to the company's success. She has done an amazing job building out their online presence, navigating the COVID pandemic, keeping their debt levels low and ROIC high. + +**COVID Response** + +As a retailer, COVID obviously posed major hurdles for their business. During COVID, they permanently closed 19 under-performing locations and temporarily furloughed their employees during the lockdown. They have been a company with $0 in debt since 2011, however during COVID they took out an $800M loan to ensure they could navigate the pandemic, a loan they have already paid back in full as of September. + +While their total sales took a 26% decline during Q2 (during COVID), their online sales jumped 200%, showing that their online platforms they have invested in have paid off. They beat analysts Q2 expectations, earning $0.14 per share against estimates of $0.06 per share. + +**Financials** + +Ulta's growth has been very impressive over the last 10 years. Since 2011, they have grown revenues 20%, EPS 30%, and Free Cash Flow 22%...all at a very consistent rate YOY. As I mentioned, their balance sheet is also very strong and until 2020 carried $0 in long term debt. They have grown their Return on Invested Capital (ROIC) at an impressive rate, over 20% every year since 2011 and up to 45% in 2019. + +**Stock Price** + +Stock price is currently trading at $215 per share. This is down from its $241 level at the same time last year and down from $304 pre-COVID levels. In July 2019 the stock was trading as high as $358 per share. Their P/E ratio is sitting at 43 right now, but that is artificially high because their earnings took a major hit during COVID and I expect their earnings to continue to rise and help bring that P/E to a more reasonable level. + +Performing a DCF on Ulta, if they continue their 20% growth rate over the next 10 years, they can achieve a 20% return for investors at these current levels. If their growth slows to 15%, they still show a return of 16% for investors. + +**Overall View** + +Ulta is strongly positioned to grow in the future. They have strong management in Mary Dillon that has been with the company 7 years and has shown solid, continued growth for her business and kept debt at $0. COVID certainly has taken a toll on this business and stock price, but I would argue it is oversold for how solid its business is performing. Even during a pandemic when all retailers were crushed and most of Ulta's stores were closed, they still turned a profit, revenues were only down 26%. + +Their largest growth potential is online sales. Their mobile app and online store sales are highly reviewed and sales increased 200% through online orders during COVID. They have a very strong and loyal base of 34 million loyalty members that will continue to shop with Ulta, even during a pandemic and much longer after that. They will continue to open new strategic stores in the US and are moving internationally into Canada and other markets that have yet to be reached, providing more growth opportunity. + +For these reasons, I am long $ULTA +This is my first question in Reddit. +Whenever there is a market crash or correction which stock types are the worst affected: +a. Large cap, medium cap, small cap, micro cap +b. Over valued, well valued, under valued. +Thanks. +This is my first question in Reddit. +Whenever there is a market crash or correction which stock types are the worst affected: +a. Large cap, medium cap, small cap, micro cap +b. Over valued, well valued, under valued. +Thanks. +**Note:** Before reading, consider if I'm worth my salt. Here's an overview of my performance since I started posting Stock Analysis to reddit: https://www.markovchained.com/profiles/view/reddit:F1rstxLas7. Any good investor heavily considers the underlying performance of a business before buying into them, so why shouldn't we do the same on reddit? + +1-800-FLOWERS, or FLWS, just smashed their 3rd quarter earnings, so I wanted to write up a bit of due diligence on the company. In spirit of today's DD, here's: [a piece of digital art representing the Tulip bubble of the 1600's](https://cdn.shopify.com/s/files/1/0564/6755/4489/files/TULIPScolorSHOP.jpg?v=1619009285). + +**Intro:** If you're unaware of 1-800-FLOWERS than you probably live in a cave where no sun shines and it's cold and lifeless, but I'll give you a pass because you probably also believe it's an over-the-phone floral delivery service. Good news, it's not. 1-800-FLOWERS is a leading e-commerce provider of products and services designed to inspire more human expression, connection, and celebration which today reported results for its Fiscal 2021 third quarter ended March 28, 2021. This colorful description comes from the marketing department so to give a better idea, it operates in three segments: Consumer Floral; Gourmet Foods & Gift Baskets; and BloomNet. The company offers a range of products, including fresh-cut flowers, floral and fruit arrangements and plants, gifts, dipped berries, popcorn, gourmet foods and gift baskets, cookies, chocolates, candies, wine, and gift-quality fruits, as well as balloons, candles, keepsake gifts, jewelry, and plush stuffed animals. Alright, that's enough- use Google if you want to know more of the basics. + + +**Note:** This is a *cyclical* business. If it wasn't clear to you already, I'm going to state now that their quarterly results vary based on the celebrated holidays within their time frame. For example, in the year 2020, the quarters that ended in March & September had roughly the same amount of Net Revenue but the quarter that ended in June had 1.5 times that amount. The Holiday season quarter ending in December *more than doubled* that very same quarter ending in June. + +**Metrics:** + +1. ROIC, as of today for the TTM, is 19.66%. Over the last 5 years, starting at 8.11%, FLWS ROIC has steadily increased and is now more than twice it was only 5 years ago. (GuruFocus.com) ROA & ROE are both also currently greater than 10%, but I'm not usually as focused on those metrics. (Finviz.com) +2. Institutional Ownership is 88%. In previous posts of mine, I've mentioned that I like seeing high enough IO to inspire confidence from the big guys, but a margin large enough to allow more big guys to come in and drive the price up with bulk buying. 88% is a great spot for Institutional Ownership. (Finviz.com) +3. D/E, as of prior to this most recent earnings report, is .34. I hate seeing debt, whether it be short or long term but the upside here is that FLWS has proven how to *make lending work for them.* At any rate, they are far from their own worst enemy, but here's the hot button topic that everyone is talking about: FLWS has a 27% Short ratio. As far as I'm concerned, this is *way* too high for such a strong business, but it's more important to note that this ratio is very likely based on cyclical, quarterly moves in the stock price. In my opinion, this is a risky, but fair short term trading strategy for a cyclical business like this. I believe, based on these fundamentals, that there's way too much risk betting against FLWS, even quarterly, but Hedgies gonna Hedge. (Finviz.com) +4. PEG Ratio was at .8 at market close yesterday for the next 5 years. For the *last* 5 years, EPS grew 24% *without* emphasis on their ecommerce business. This is with a P/E ratio of only 15, I mind you. With today's quarterly report, this is only going to get stronger. If you need me to spell this out, I will- their margins are only going to get stronger from here on out AND they're still undervalued. (Finviz.com) +5. Operating Cash Flow doubled from 2019 to 2020 and then *more than doubled* from 2020 to the TTM. (Yahoo Finance) +6. As of this morning, FLWS raised their share buyback program to $40 million. This management team knows what they're doing. They're taking full advantage of the shorting a cyclical business by purchasing their own shares when *they know* the price will be undervalued. All of this value comes right back to the shareholders for free. + +**Bear Case:** No company is perfect, so it's important for me to poke holes in any potential investment I'm considering. The bear case for 1-800-FLOWERS is consumer-centric. My research talking to people about the service and products have largely revolved around the same issue: Flower quality. Despite FLWS offering many different products and services, it appears that most people I have spoken to have felt somewhat disappointed by the flowers that have been delivered. In my own personal opinion when I have used the site for flower delivery, I did not experience the same- but again, that's just my own opinion. There were plenty of positive comments made about other offerings, but consumer sentiment is a piece of the puzzle when considering supporting a company, so I've taken this into account and will continue to monitor any changes. + +**Subjective Analysis:** I think FLWS has what it takes to really bloom (sorry, I had to). A track record of a strong financial foundation, growth on the horizon by way of their Bloomnet and focus on their Ecommerce presence, and the ability to do all this with great margins and leadership team that *wants* shareholders to succeed. + +If you'd like to read more about my investment strategies and analysis or other Due Diligence that I've done, you can find them on my personal site, [TheStockChartist.com](https://thestockchartist.com). Mods, if this isn't allowed, please let me know and I'd be more than happy to remove this link. + +*Disclaimer: The above is not advice, just an analysis meant for educational purposes.* +This is my analysis of Adobe, hope you like it, it's my first post in this subreddit. + + +Adobe is a business with a big MOAT. They make software for graphic designers, photographers, video editors, ... Software such as Photoshop, Illustrator, Premiere, AfterEffects, ... + +The software that Adobe creates are very complex, have hundreds of different functionalities and are integrated into the workflow of its users. Let's take the example of an illustrator who creates digital art and uses Photoshop to make his drawings. This person has been drawing with Photoshop for years, knows and uses hundreds of different features within Photoshop on a daily basis. To use Photoshop he only has to pay a monthly fee (or maybe it is paid by the company he works for) which compared to what he can earn by selling his illustrations is a small fee. + +There are free and open source alternatives to Photoshop (and other Adobe software). The illustrator in our example could switch to a free alternative such as GIMP, but making this change will mean hundreds of hours of learning this new software, although he will have most of the features, he will find some missing or he will not like the alternative way of doing it. Since the fee you pay is very small compared to the value you get from Photoshop, it is difficult to make the choice to switch to GIMP. Also Photoshop is a known industry standard, if you are looking for a job, many companies will ask for Photoshop skills instead of GIMP. All this makes users continue to pay for Adobe products and not switch to alternatives. + +The same thing that happens with Photoshop happens with the rest of Adobe's software, even though there are free alternatives, there is no strong incentive to switch to them because the learning time is too long. + +The world is going digital, that's a fact. Adobe provides tools to work in a digitized world. With its dominant position in the market and protected by a strong learning curve for their different software, Adobe will continue to grow as the world digitizes. + +**Recurring revenues** + +Years ago Adobe sold licenses for their products, you only had to pay once and you had the software forever. Then they would release a new version with many improvements and you had to buy the new version. They have been moving away from this model to a subscription model, now most of their sales are from subscriptions. + +Revenues are recurring and predictable, since Adobe software are essential tools for many professionals, it is difficult for them to stop paying. + +**How is the company rewarding shareholders?** + +The company has been buying back shares for years. I don't like that they have no discipline and are buying back shares at any price. In the last year they have bought back shares at an average price of $536 per share. Now the stock is trading at $400 and that is not a cheap valuation. Buying the stock at $536 I believe that destroyed shareholder value. + +However, the fact that they are buying back shares is a good sign. It demonstrates that the management team is committed to return value to shareholders. + +**Conclusion and valuation** + +Adobe is a very good company. It has an impressive competitive advantage and a great ability to generate profit. The company is well run. It is growing its revenues year over year. The company returns money to shareholders by buying back shares (although I don't like it when they do it at any price). The company has net cash. + +It is a very good business that I would like to have in my portfolio and I would be willing to pay a premium price for it. But I'm not willing to buy it at any price, let's value it. + +My valuation method is absolute, I want to know how much money I am going to make on each investment in absolute terms. I usually do a 5-year valuation and calculate what the return will be. Once I get this number I can compare it to other investments and see which ones offer the most potential for appreciation. + +The potential return on investment is not the only parameter to take into account. Other factors must be taken into account such as the strength of the business, whether it has a dominant market position, whether it has a lot of debt, ... If we have two investments with the same appreciation potential, the one with less risk will be preferable. + +I use conservative numbers in all steps of the valuation, my intention is not to lose money so I apply a very conservative base case. + +I have assumed the following growth rates for the company's revenue, which gives me these values: + +Growth Rate (%): + +* 2022: 15% +* 2023: 10% +* 2024: 8% +* 2025: 7% +* 2026: 7% + +Revenue (B$): + +* 2022: 18153 +* 2023: 19968 +* 2024: 21565 +* 2025: 23075 +* 2026: 24690 + +Assuming FCF is 33.3% of revenue (the average of the last 3 years), I get these values: + +FCF(B$): + +* 2022: 5990 +* 2023: 6589 +* 2024: 7117 +* 2025: 7615 +* 2026: 8148 + +Assuming that the money generated year after year is returned to shareholders in one form or another, and assuming a terminal multiple of 20 times FCF, I get a value of approximately $200B for 2026. + +Considering that the company already trades at a $200B valuation, this does not seem like an attractive buy to me. To get a 10% yearly return, I would have to buy ADBE now for $125B, about $260 per share. +Buffet seems to be a textbook example of the manager who loses touch with the drivers of the market. A failure to adapt to changing market conditions of fund managers over time is a point that is harped upon in A Random Walk Down Wallstreet, and is a symptom Buffet has admittedly been suffering from. + +I’m curious to see how those here reconcile the differences in investing approaches [Active (Berkshire)//Passive (Index fund)], since Berkshire seems to be mentioned frequently here as a prudent investment, as is index investing. + +EDIT: Many are questioning my saying Berkshire has underperformed an index fund for the past decade. [Link.](https://drive.google.com/open?id=0B929EowLRMEWdGRJNTZkT2ZaSnpWcnZwTFlkMXotYWxSQ0FB) +[https://www.forbes.com/sites/michaeldelcastillo/2021/06/30/6-billion-ncr-opens-bitcoin-purchases-to-650-banks-and-credit-unions/?sh=6dd177913f82&utm\_source=TWITTER&utm\_medium=social&utm\_content=5072876997&utm\_campaign=sprinklrForbesCrypto](https://www.forbes.com/sites/michaeldelcastillo/2021/06/30/6-billion-ncr-opens-bitcoin-purchases-to-650-banks-and-credit-unions/?sh=6dd177913f82&utm_source=TWITTER&utm_medium=social&utm_content=5072876997&utm_campaign=sprinklrForbesCrypto) + +&#x200B; + +EDIT: It's not just NCR. FIS, Fiserv, Alkami, Q2. 100's of millions of bank customers globally will have access to this network. [https://twitter.com/fintechfrank/status/1410201999925301249/photo/1](https://twitter.com/fintechfrank/status/1410201999925301249/photo/1) +*I posted this over at r/trashy the other day during a HUGE cluster fuck of a thread about a family of 10, and everybody got started talking about how big their grocery bill must be and basically comparing grocery bills.* + +**Save ALL your food receipts for a month,** especially grocery store receipts. At the end of a month, add up how many gallons of milk, pounds of meat, boxes of Cheerios etc you bought. Now you kinda have an idea of how much your family uses. Buying in bulk minimizes packaging waste. Less trips to the grocery store limits your carbon footprint, both for you and the supply chain that supports the habit. + +**1) Compare prices at different locations.** Publix, Walmart, Aldi dominate the grocery supply where I live. Here’s a personal example: I’ve found that for store-bought Alfredo sauce, Bertolli is the best. This week it’s buy one/get one at Publix, but if it wasn’t, I’d get that product at Walmart because it’s cheaper there. I look at Publix’s bogos specials for the week before I go shopping. Chocolate syrup is a full dollar cheaper at Walmart, so is coffee, rice and most canned goods. I hate Walmart too, but hell at least it ain’t Amazon! + +**2) Pay attention to price per pound.** If Ground sirloin is $5.99/lb this week but beef tips are $3.99… guess what we’re having stew instead of burgers. If a whole roasting chicken is $1.29/lb that’s a better deal than $5.99/lb chicken breasts, plus that’s usually good for two meals AND you can boil the bones and skin with water to make delicious stock. I buy meat from a local mom’n’pop grocer who buys from local farmers. You may have similar luck with a local Latin/Caribbean meat market, for example. + +**3) Use your freezer!** I only buy bread when it’s BOGO, and then put it in the freezer. Good deal on butter or bacon? Buy two and freeze it for later. Cook a double batch of beans, soup, stew and put that in the freezer for when you’ve had a long day and don’t want to cook. Pre-make breakfast sandwiches and freeze those, too. + +**4) Learn to actually cook** not follow some recipe that calls for a can of this and a pre-packaged that. Buy a ten pound bag of flour and experiment. I don’t buy frozen pizza anymore because I can make my own better. I give full credit to this feat to Chef John at FoodWishes and a lot of practice. + +**5) Spices and booze**…. Buy in bulk and save, or shop around. Pay attention to mark-ups on what you normally drink. Local hippie grocery had good quality red wine for $7. Saw the same shit at Publix for $14. The local hippie grocery store offers "bag it yourself" spices in bulk. I went yesterday actually, so these prices are still in my head.... filled up all my spice jars. Things like basil, oregano, herbes de provence... totally filled a jar for around 75 cents. So basically stop re-buying that jar everytime you need to reap your spices. + +~~ Postscript I usually do soup, beans and rice, or other vegetarian meal twice a week. Buying in bulk what you would typically consume over the course of a month limits your trips to the store, and also limits the junk that might find its way into your buggy. Want cookies, make some don’t buy ‘em for $6! I usually go back mid-month for milk, lettuce, etc. For our family of four (Mama, Daddy, Mimi, Heathen Youngin) I spend about $500-600 a month (including occasional booze, toilet paper, shampoo, etc). + +~~ Post-postscript Why didn’t I mention farmers markets? Because I live near a trust fund baby college town and the price of local produce reflects what the market will bear… and apparently that’s quite a lot. Sorry I’m not buying your $5 uwu carrots when I got some at the hole-in-the-wall non-chain store for 99��. + +Hope this helps... I need to do a meal planning master post, too, but I don't know how helpful it would be as everyone's tastes are so different. +Guten Tag to this global band of Apes! 👋🦍 + +What an earnings report! GameStop is clearly growing remarkably, both in its sales velocity but also its hiring and development of the future of the business. When I look at the year-over-year numbers, I see a company that is stronger than ever. The amount of cash in the bank continues to be enormous - $1b can go a long way toward pioneering a new industry. And that's not even the number that stands out the most! + +5.2 million shares have been DRSed by retail traders as of October 30th. Can you believe that? And of course, that doesn't even include the enormous spike of DRS activity of the past few weeks. I am stunned by these numbers - the DRS bot is great, but sometimes I feel like the totals it reports aren't enough... The numbers reported yesterday take away all of my concerns. Apes are DRSing at a fantastic rate, and every share that lands in ComputerShare is another closer to the goal of locking the float. This was the first time *ever* reporting this number - clearly they want us to know, and they want us to be able to see the quarterly growth from here on out. + +Apes, if you ever had any doubt that DRS was the way, I hope this report has set you free from that doubt. The SHFs are losing, and are going to do a desperate price attack today to once again try to spin the narrative that earnings were weak. It's a great time to buy and DRS the dip. + +Today is Thursday, 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: **$168.78 / 149,38 €** *(volume: 5287)* +- 🟥 115 minutes in: $169.20 / 149,75 € *(volume: 5256)* +- 🟩 110 minutes in: $169.22 / 149,76 € *(volume: 5227)* +- 🟥 105 minutes in: $169.17 / 149,73 € *(volume: 5013)* +- 🟩 100 minutes in: $169.24 / 149,79 € *(volume: 4974)* +- 🟥 95 minutes in: $169.20 / 149,75 € *(volume: 4965)* +- ⬜ 90 minutes in: $169.57 / 150,07 € *(volume: 4392)* +- ⬜ 85 minutes in: $169.57 / 150,07 € *(volume: 4259)* +- 🟩 80 minutes in: $169.57 / 150,07 € *(volume: 4254)* +- 🟥 75 minutes in: $169.29 / 149,82 € *(volume: 4171)* +- ⬜ 70 minutes in: $169.89 / 150,36 € *(volume: 3970)* +- 🟩 65 minutes in: $169.89 / 150,36 € *(volume: 3937)* +- 🟥 60 minutes in: $169.24 / 149,79 € *(volume: 3422)* +- 🟩 55 minutes in: $169.61 / 150,11 € *(volume: 3196)* +- 🟥 50 minutes in: $169.53 / 150,04 € *(volume: 3178)* +- 🟥 45 minutes in: $169.56 / 150,06 € *(volume: 3136)* +- 🟩 40 minutes in: $169.91 / 150,38 € *(volume: 2341)* +- 🟥 35 minutes in: $169.89 / 150,36 € *(volume: 2117)* +- 🟥 30 minutes in: $169.91 / 150,38 € *(volume: 1989)* +- 🟥 25 minutes in: $169.92 / 150,39 € *(volume: 1953)* +- ⬜ 20 minutes in: $170.01 / 150,46 € *(volume: 1814)* +- 🟩 15 minutes in: $170.01 / 150,46 € *(volume: 1743)* +- ⬜ 10 minutes in: $169.94 / 150,40 € *(volume: 1364)* +- 🟥 5 minutes in: $169.94 / 150,40 € *(volume: 1117)* +- 🟥 0 minutes in: $170.08 / 150,53 € *(volume: 458)* +- 🟥 US close price: $173.65 / 153,69 € *($168.10 / 148,77 € 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 1.1299. 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 have recently discovered the wheel strategy and have been doing it for about a month, so far it has been going quite well relative to the market, but I am worried this wont be reproducible when things calm down. + +I have been wheeling SPY by selling OTM options expiring in 2-3 days since SPY has such frequent expiry it seems to produce a lot more opportunity for getting premiums. I recently got thinkorswim set up so I could do some backtesting and I have not had much luck getting the strategy to work reasonably well in my back testing. + +Is SPY not a good choice to do the wheel in normal conditions because it has low IV/premiums? +Should I be selling further out options in normal times so that the premiums are more substantial? +I have been told that it is a better financial move to keep a mortgage balance rather than pay it off, because of the tax deduction. Can someone ELI5 why this is the case? If the tax deduction is only on a percentage of income and you are still paying interest on the principle I don’t understand why someone who has the capital wouldn’t want to pay off the mortgage and then invest the previous monthly payment in a low risk security. Any further explanation would be appreciated. + +Edit: to give some additional information based on the comments — my mortgage is my only current debt (66k remaining that I refinanced at around 4% two years ago). I currently max out the IRAs for both my wife and I and also contribute around 6-8% of our income to our 401ks. I have a college fund setup for my two year old son and 40k in emergency fund. Just want to make sure I’m using my free Capital in the most efficient way. Welcome and other thoughts... +**What is SegWit ?** + +The formal title "Segregated Witness (Consensus layer)" had Bitcoin Improvement Proposals number BIP141. It is intended to solve a blockchain size limitation problem that reduces Bitcoin transaction speed. It does this by splitting the transaction into two segments, removing the unlocking signature ("witness" data) from the original portion and appending it as a separate structure at the end. (https://en.wikipedia.org/wiki/SegWit) + +**What's the problem?** + +It has been more than 3 months since SegWit was activated. The current level of support for Segwit is abysmal at only 13% of all transactions using SegWit (http://segwit.party/charts/). If everyone right now switched to a SegWit supported wallet, the mempool would likely be empty again allowing for instant transactions once again. While we're all looking at the Lightning Network to solve the congestion issues, the is a much easier and faster fix right in front of us and that is SegWit. + +**Why isn't everybody using SegWit yet?** + +That is likely due to the fact that some very large exchanges have yet to activate SegWit on their site yet. Once they do activate SegWit , we should see the number of SegWit transactions rise up. This doesn't just benefit the users as the exchanges themselves will also pay less fees. In other words, we need to pressure all big exchanges into activating Segwit. Not next year, not next month but NOW. + +**How can I check if my wallet is Segwit compatible?** + +Good news is, most hardware and software wallets use SegWit. SegWit (P2SH) addresses begin with a “3”, like multisig addresses so they are easy to spot. If your wallet address does not begin with a 3, then it's not SegWit compatible. Those are the addresses we need to get changed and updated to SegWit compatible ones. + +**So who hasn't activated SegWit yet?** + +It's time to name and shame the exchanges that haven't activated SegWit yet. You can find a list of all major exchanges and players that have activated SegWit right here: https://bitcoincore.org/en/segwit_adoption/ +If your wallet or exchange is NOT highlighted in green, it means it still hasn't activated SegWit yet and needs some serious encouragement from their paying customers. Those will either be marked in yellow as a *work in progress* or marked in white as *planned*. Neither of those two statuses are acceptable. It has been more than 3 months now and neglecting to activate Segwit is becoming a serious problem for the whole blockchain and needs to be dealt with right now. + +**You can help speed up SegWit activation!** + +This is where big numbers hold big power. You can all help by first checking if your wallet is SegWit compatible (needs to start with a 3). If it's not SegWit compatible, then please make whoever provided the wallet is aware of this issue you are facing and request them to provide a SegWit wallet as soon as possible. So for example if you have a wallet on Coinbase, you will notice it has not activated SegWit yet. You help the cause greatly by sending the exchange support a message that you want to see SegWit activated on their exchange. If you want to take it one step further, you could move your Bitcoins and other funds away from your non-SegWit wallet and exchange to one that does have SegWit activated. + +The time for action is now. If you have any questions, please ask them. + + +*tl;dr: SegWit adoption is seriously low. If we can increase it we get faster transactions at lower costs.* +I know everyone says don’t get an apartment. Putting aside investing and making a profit. + +Would you buy an apartment as your first property solely to live in? +Started this for her on her 4th birthday 14 months ago. Initial of $100 and another $50 every month since. She’s been buying only companies she knows, Apple, Disney, Netflix, Tesla, McDonalds, Dominos, Tyson Foods, Nike, Starbucks, Target, etc… She’s down 8% but that’s better than me for the same time frame. Dollar Cost Averaging and big profitable companies FTW! I should just buy $1K every month of the same thing as her. Just today she asked if she could buy stock in the hotel we’re staying at because the pool is awesome. $50 of Marriot! +As the beginning of next year, California will enforce new animal welfare law for breeding pigs and other farm animals. But only 4% of the hog operations currently can comply. According to one farmer, to meet the new standard, he needs 3 million for the upgrade to raise just 250 hogs. Restaurants owners are worried because bacon is one of the most popular breakfast items and bacon helped their business survive the pandemic. ([https://www.bloomberg.com/news/articles/2021-07-31/bacon-may-disappear-in-california-as-pig-rules-take-effect](https://www.bloomberg.com/news/articles/2021-07-31/bacon-may-disappear-in-california-as-pig-rules-take-effect?srnd=premium)). People love bacon from all backgrounds. "You know, I work and live with a lot of Asian and Hispanic populations in the city and their diet consists of pork bacon. Pork bacon is huge," Kim said. "It’s almost like bread and butter." + +Bacon love is ingrained into our soul and genetics and therefore an inelastic demand. A small change in bacon supply can lead to a drastic change in price, as explained by graph below. + +[Inelastic Demand Price Action](https://preview.redd.it/huc5pz6xoue71.jpg?width=570&format=pjpg&auto=webp&s=fcea15c61d5e19157c1cfb07d1e9684142bf67c2) + +According to consulting firm Hitamiya Group, if half of the pork supply was lost, bacon price would jump 60% which means a $6 package could rise to $9.60 cents ([https://www.bloomberg.com/news/articles/2021-07-31/bacon-may-disappear-in-california-as-pig-rules-take-effect?srnd=premium](https://www.bloomberg.com/news/articles/2021-07-31/bacon-may-disappear-in-california-as-pig-rules-take-effect?srnd=premium)). If 90% - 95% of the supplies are gone, the fair price should be at least 2.5 times the current market value. And that means **1 package of bacon is $15 per package.** + +You must wonder, how do I profit from this? A very ancient trade technique - BUY LOW SELL HIGH + +I am not talking about buying 10 packs of bacon from Costco and resale them later. I am talking about doing it at scale. Go big or go home. + +**Step 1 - Install Freezers in Your Garage** + +Let’s figure out how many freezers you can potentially have. First park your cars on the street and empty the garage. The average garage size is 12 feet \* 22 feet \* 8 feet. So 12 \* 22 \* 8 = 2112 cubic feet. + +The below fridge dimension is 37.25 x 20.75 x 33.25 inches and can storage up to 7 cubic feet items. + +[ Ideal Fridge to Keep Bacon](https://preview.redd.it/yfk3jbp3que71.jpg?width=1282&format=pjpg&auto=webp&s=731f5da26e2187ec37b1dbd4fbabc5b7789ebd15) + +Let’s do more math to see how many fridges your garage can potentially store. + +2112 (volume of garage) \* 1728 (1 cubic feet is 1728 cubic inch) / 37.25 \* 20.75 \* 33.25 (volume of fridge) = **142 fridges** + +Obviously you can’t just stack all of those fridges in the garage. Let’s say we can achieve 80% of that. And that means you can have around **110 fridges.** + +Remember to use Amazon FREE SHIPPING. Very important to save cost. + +**Fridge Cost with Tax**: 110 \* 229 \* 1.1 (Uncle Sam wants the tax) = **$27709** + +|**Item**|Cost| +|:-|:-| +|110 Fridges|$27709| + +**Step 2 - Buy Bacon in Bulk and use FREE SHIPPING** + +According to USDA ([https://www.ers.usda.gov/data-products/meat-price-spreads/](https://www.ers.usda.gov/data-products/meat-price-spreads/)), one package (1 pound) of bacon in June 2021 is about $6.67. We can get this much lower by buying from Costco in BULK. As you can see below, **our one package cost is $4.53** AFTER tax including delivery. Again, very important to use free shipping to save cost. + +[Bacon Price From Costco](https://preview.redd.it/4a12382erue71.png?width=1840&format=png&auto=webp&s=48f5dacba1eb055847e3b266aef24fb5abcee393) + +It's time to calculate how much to buy. The size of one package of bacon is about 10 inch \* 4 inch \* 1 inch so 40 cubic inch. And the volume of our fridge is 7 cubic feet which is 12096 cubic inch. So one fridge can store around 300 packages or pounds of bacon. With 110 fridges, we can store 33000 packages or pounds of bacon. Each pound of bacon is $4.53, so the total cost of bacon is $149,490 + +Total Cost So Far + +|**Item**|Cost| +|:-|:-| +|110 Fridges|$27709| +|33000 packages or 2200 cases of bacon|$149,490| + +**Step 3 - Factor In the Electricity Cost** + +Running 110 freezers in the garage is apparently very energy consuming and electricity is expensive in California, at about 20 cents / kWh. + +The freezer is 150 watts so running 110 freezers for let's say 6 months will cost $14256. You can check my math below: + +150 watts \* 6 (month) \* 30 (days) \* 24 (hours) / 1000 = 648 kWh (one fridge running a year energy consumption) + +648 kWh \* 0.2 cents / kWh \* 110 = $14256 + +Total Cost So Far + +|**Item**|Cost| +|:-|:-| +|110 Fridges|$27709| +|33000 packages or 2200 cases of bacon|$149,490| +|Electricity|$14256| + +Step 4 - Sell High And Take Profits + +Don't diamond hand bacon, you are in 2022 and it's time to sell for a profit! + +The cost of bacon per package factoring in everything so far is **$5.8.** And we unload each package for $15. So that means each package profit is $9.2. + +# The total profit is $9.2 * 33000 = $303,600 + +If you too lazy to contact customers or answer phone calls yourself, just hire someone for like 20K a month to the work for you. I expect the inventory goes to zero in a month so at the end of the day, you pocket close to $280,000 profits. + +And you can figure out the tax part and probably can resell those freezers for half the price. + +TLDR: Buy Bacon Now and Get Rich Later +While it violates the typical creed of the FI movement, and most of my personal mantra for the last 25 years, I did some selling today (to bring my total allocation to 50/50). I thought about it all weekend, and moved forward this morning. + +Background. Mid-forties, sole breadwinner of the family. Highly paid job, but also incredibly volatile. I'd say a layoff later this year is quickly becoming nearly certain. + +I've been saving hard for 20+ years, and have seen both the 2000-2001 "dot com" crash as well as the 2008 financial crisis. In both of those instances, I kept buying, and in the end was better off for it. + +Now, I'm incredibly close to FI. In fact, before this downturn I was 1-2 months away from complete FI. I wasn't 100% ready to quit my job, but my thinking was that I would stay for a while, and at some point phase out of that job and move to something less strenuous like part time consulting. + +I was already 65% equities / 35% bonds. That provided some stability in my portfolio, but with stocks falling like they are, even that didn't provide much protection. + +Over the weekend I decided a few things: + +1. This **may** get much worse. A million dead and months of economic shutdowns will cripple our economy. I don't know if that will happen, but it is not unlikely. +2. A loss hurts me more than a gain helps me. Once I'm at FI (where I basically was) a 500k gain provides extra padding, but doesn't really change things. A 500k loss changes the plan completely and takes years to recover. + +With my current 20% loss, I can recover and still be FI in another few years. + +If I lose 50%, it would take me 5-10 years to recover. + +My thinking is that I'm willing to pay the price of missing a potential quick recovery in order to preserve what I have and avoid any possibility of having to work another 10 years. + +&#x200B; + +Thoughts? +No sympathy for these fucks. I know a couple of people at work who day trade GME, and they keep telling me about their gains and losses because I “also like the stock”. I hope their portfolios burn down with the SHFs. Everybody reading this who day trades GME: Fuck you. No sympathy. You’re equally as bad as Kenny. +I work for Home Depot online customer service, starting pay 17/hr. It honestly sucks sometimes and it’s a big learning curve to understand the programs, but it’s 100% from home and they provide all the computer equipment and the first two months are entirely training. I work only for text chat which is 3 simultaneous conversation but there’s also phones where you take one call at a time. pretty sure we’re always hiring. hope this helps some of you out. +Amazon reported its Q2 2021 earnings on Thursday after the closing bell. The company [reports](https://www.businesswire.com/news/home/20210729006106/en/) a $15.12 earnings per share beating analysts estimates. Shares fell over 5% after hours. The company also falls short on its Q3 guidance. + +&#x200B; + +* **Revenue:** $113.08 billion versus $115.06 billion expected +* **EPS:** $15.12 versus $12.22 expected +* **AWS revenue:** $14.81 billion versus $14.18 billion expected + +&#x200B; + +https://risingcandle.com/marketnews/amazon-reports-q2-results-net-sales-up-27/ +I feel like this is a dumb question and maybe I'm just conceptualizing it wrong but thanks for bearing with my awkward wording. + +&#x200B; + +So I'm looking at buying a property at a tax deed auction. They haven't announced the initial bid price yet but it is going to auction because there was a default judgement on the first mortgage and it was foreclosed. + + +The auction show's 2k in unresolved taxes but nothing else. I found the docket showing that the default judgement is for 185k. + +&#x200B; + +So my question is, what happens to the default judgement after the auction? Is the aim of the auction to pay off the party awarded the judgement? Or are sheriff sales just for taxes and then I would then go have to interact with the bank to resolve the Judgement afterwards? + +&#x200B; + +So basically, does the auction pay off the judgement that caused the property to go to auction in the first place or just any outstanding taxes? + +&#x200B; + +&#x200B; +"China said it will establish a list of so-called “unreliable" entities it says damage the interests of domestic companies, a sweeping order that could potentially affect thousands of foreign firms as tensions [escalate](https://www.bloomberg.com/news/articles/2019-05-17/u-s-places-huawei-and-67-affiliates-around-world-on-blacklist) after the U.S. blacklisted Huawei Technologies Co." + +&#x200B; + +At this point in time this is just posturing since they haven't actually done anything yet and the announcement is by the state media and not official government spokespeople - although in China the media is run by the government. However what's interesting about this from an investing point of view is the following: "\[the scope of Beijing's shit-list could extent\] even non-American suppliers that have cut off China’s largest technology company. Those run the gamut from Japan’s Toshiba to Britain’s Arm." + +&#x200B; + +In other words, the potential hit on equities if this latest escalation from China were to be realised might go beyond US companies and into Europe / Japan. With this latest move, the trade war rhetoric is expanding internationally. If the escalations keep coming there is a risk for tech stocks globally stocks to take a big hit, not just Chinese and US companies. + +&#x200B; + +[https://www.bloomberg.com/news/articles/2019-05-31/china-to-set-up-unreliable-entity-list-after-u-s-huawei-ban](https://www.bloomberg.com/news/articles/2019-05-31/china-to-set-up-unreliable-entity-list-after-u-s-huawei-ban) +Planning my post-FIRE life already, despite having at least a few more years remaining, I would like to hear your thoughts and experiences on decompression from worklife stress, after reaching FIRE. + +By decompression I mean the entire transformation process from stressed-out wage slave into emotionally end physically healthy human being, after the financial burden has been finally lifted off the shoulders. + +* How does the decompression process feel like? What kind of phases there are? +* How many months/years does decompression typically take altogether? + +Any tips and tricks for successful decompression are also welcome. + TL:DR + +This is my DD on MGX, I am a value investor and I pick stocks that match my definition of undervalued and low risk with bag potential. Please DYOR before buying any stonk you see on ASX\_BETS!!!! + +## Who are they and what do they do? + +*Mount Gibson Iron Limited (ASX:MGX), together with its subsidiaries, engages in the mining and processing of hematite iron ore in WA, Australia.* + +SP: 41c +MC: $504m +Category: Iron commodities, Value Investing, LOW RISK + +## The Good Shit + +\- Current share price is **cheaper** than the value of tangible assets per share + +\- Current share price is 72% backed by **CASH**. + +\- Company has been **profitable** for >5 years + +\- **Minimal debt**, fully serviceable with their cash reserves + +\- Regular dividend payout well covered by earnings + +## Why has the share price dropped so much? + +1. Fall in iron ore prices + The price of iron ore commodities has fallen from a high of $219.77 USD/T in July 2021 to a low of $116.47 USD/T in the last week. This is largely due to a trade retaliation from China, who has forced its steel industry to reduce output, most likely in response to Australia’s nuclear submarine deal with the US, among other political jabs and prods at China. + +This has brought down the share prices of the entire iron ore sector in what could be described as a panic sell. However, what most people have missed is that MGX’s main mining project was developed while expecting profit with Iron Ore prices falling to $80 USD/T, meaning the company still has a healthy profit margin. + +2. Possible short selling activity + +The MGX price began to drop around August, a bit before the iron ore sector dropped. At that point there was no real explanation as to why, so I speculate it was short selling pressure. + +## Why is it a good time to buy? + +The Net Tangible Assets (NTA) per share is ABOVE the current share price, meaning the share is **undervalued**. Furthermore, the company has managed their debt well, meaning they are very unlikely to go insolvent. + +Current Market cap: 504m +Gross Profit in last FY: 121.19m +Current Share Price: 42.5c +Shares on issue: 1,187,980,278 +NTA (includes cash below): $719.7m +Cash + Short Term Investments: $364.7m +Amount each share is backed by Net Tangible Assets = 60.5c + +According to FY2021 Appendix 4E and Statutory Financials ([https://www.mtgibsoniron.com.au/wp-content/uploads/2021/08/MGX-2020-21-Financial-Report-Final-Signed-and-Audited-plus-Appendix.pdf](https://www.mtgibsoniron.com.au/wp-content/uploads/2021/08/MGX-2020-21-Financial-Report-Final-Signed-and-Audited-plus-Appendix.pdf)) + +## Current Mining Projects + +### Koolan Island + +The Koolan Island mine is in the Buccaneer Archipelago, WA. This project is currently in its early phase, stripping processing bulk waste and reinforcing the mine structure to *facilitate increased ore production, sales and cashflow from the second half of financial year 2021/22* onwards. + +The stripping phase of mines always tend to have high costs and inconsistent production as the quality of iron ore is variable. The project is still generating earnings before interest and tax of $104,115,000 and is expected to be even more profitable following its completion in \~Dec 21, where it will be able to drill into significant quantities of high-grade iron ore. The good stuff is coming! + +### Other Projects: Shine/Extension Hill (Midwest) + +The earnings before interest and tax were $19,542,000 for this financial year. Don’t expect much news from these 2 projects. Extension hill is in late rehabilitation stage and Shine is operating with a steady profit, projected mine lifespan of 2 years with the possibility of an additional 2 years. + +## What could affect the price? + +While I expect a slow climb back up to \~$1.00 per share over the next 3-6 months, there are some factors to consider which may make the share price volatile in the short term. + +Iron Ore prices: Although the iron ore prices have been accounted for within the company, it is likely that a further drop in iron ore prices will trigger sell-offs in the iron sector. We may also see a rise in Iron Ore prices if major producers like BHP/Rio Tinto reduce supply. + +AUD vs USD: Just remember as an Australian company selling commodities valued in USD, we want a weaker Aussie dollar vs US dollar. + +Political relationship with China: While its quite doubtful that the current LNP will seek to repair relationships with China, it is quite possible that if the ALP were to win the next election cycle, we could see favourable trade agreements set up. + +Buy back: This is the super tendies rocket ship that I’m secretly hoping for. A company with such high cash reserves and low share price may issue a Buy Back, which will trigger a huge increase in price as more investors do fundamental analysis into this company and realise it is undervalued. + +. + +. + +Thanks for listening and remember to fuck off if you think any of this is financial advice 🚀🚀🚀 +Anybody see PFT run up to .75? +Anybody know why it randomly just had a late run? + +Starting to get a lot of traction now, doubled in volume in just a day. Pretty sure yesterday was at about 1m volume now it’s just sitting under 2m volume. + +This looks very promising to those already holding. +*I'm doing a series of posts about the shaky foundations of major Australian coal power stations, the renewals behemoth PowAR plotting to replace them and the impact on ASX listed electricity companies.* + +1. [*Yallourn Power Station \[Victoria - 1480 MW\]*](https://www.reddit.com/r/ASX_Bets/comments/o8mdc5/an_overanalysis_of_yallourn_power_station/?utm_source=share&utm_medium=web2x&context=3) +2. [*Vales Point B Power Station \[New South Wales - 1320 MW\]*](https://www.reddit.com/r/ASX_Bets/comments/o9wehg/an_overanalysis_of_vales_point_b_power_station/?utm_source=share&utm_medium=web2x&context=3) *<- YOU ARE HERE* +3. [*Callide C Power Station \[Queensland - 840 MW\]*](https://www.reddit.com/r/ASX_Bets/comments/obc3ll/an_overanalysis_of_callide_c_power_station/?utm_source=share&utm_medium=web2x&context=3) +4. *Powering Australian Renewables Fund (PowAR)* + +# From the Brink + +Vales Point B Power Station is a black coal electricity generator in NSW that's best known for being sold to some dudes (Trevor St Baker and Brian Flannery) for [$1M by the NSW state government in 2015-16](https://www.afr.com/companies/mining/nsw-govt-sells-vales-point-power-station-for-1m-20151119-gl2uxn). + +It would prove to be a particularly poorly timed infrastructure sale. + +A few months after the sale, Hazelwood Power Station in Victoria entered a death spiral and was shut by mid 2017. The sudden loss of a large power station caused the electricity spot price in the National Energy Market (NEM) to spike. + +Suddenly, Vales Point B Power Station - a speccy generator bought for $1M - was a cash printing machine worth [$700M+](https://www.abc.net.au/news/2017-10-24/coal-power-station-sold-for-peanuts-becomes-730-million-asset/9077582). + +But luck comes and goes, these days things look a lot more like they did in 2015-16. Based on information from [AEMO](https://aemo.com.au/), Vales Point B needs a spot price of about ***$50 per MWh*** to break even on a earnings before interest and tax (EBIT) basis. In June 2021, the [ASX Energy Futures](https://www.asxenergy.com.au/futures_au) market indicates that average electricity spot price in NSW till 2024 will be about ***$59 per MWh***; it's been below $59 per MWh for most of 2021 and 2020. + +This might seem like a viable position but it's up to the eyeballs in risk - any major failure, injury, environmental incident or regulatory requirement would push the plant into a no-brakes death spiral. + +# Ok... so what? + +*Electricity generation is a zero sum game and the coal power plants in Australia are basically in a fight to the death with each other. When a power plant closes it means all the remaining power plants make more money since the supply of electricity is reduced.* + +So, the loss of Vales Point B Power Station will cause electricity prices to rise on the National Electricity Market (NEM), particularly for NSW. + +Most generators on the NEM will be winner but [AGL](https://www2.asx.com.au/markets/company/agl) would be the biggest winner. This is because AGL owns [Bayswater](https://en.wikipedia.org/wiki/Bayswater_Power_Station) Power Station - the most profitable large power station in the country. [ORG](https://www2.asx.com.au/markets/company/org) would also be a big winner since it owns [Eraring](https://en.wikipedia.org/wiki/Eraring_Power_Station) Power Station. + +# How can you be so sure Vales Point B is in trouble? + +I can't be sure - this is just a bunch of reasonable assumptions + +The main reason why Vales Point B won't make it to it's scheduled closure year of 2029 is that the operational expenditure $$ required to run the plant is greater than the revenue generated because: + +**1. Vales Point B Power Station is an old plant that needs lots of maintenance and has fuel costs of $39 per MWh.** + +Key competitor Power Stations [Bayswater](https://en.wikipedia.org/wiki/Bayswater_Power_Station), [Liddell](https://en.wikipedia.org/wiki/Liddell_Power_Station), [Eraring](https://en.wikipedia.org/wiki/Eraring_Power_Station) and [Mt. Piper](https://en.wikipedia.org/wiki/Mount_Piper_Power_Station) are either way cheaper to run (Bayswater, Liddell), are double the size and benefit from economics of scale (Bayswater, Eraring) or much newer (Mt. Piper). + +This means that Vales Point B likely has the lowest profit margin (if it exists) in NSW and is therefore the power station with the weakest fundamentals in the state. The NSW government acknowledged this when all the state power stations were privatized from 2010 to 2016 - all the power stations except Vales Point B were sold for large sums of cash. + +**2. Delta Energy, the owner of Vales Point B Power Station, does not own anything else of significance and has no other way to make money.** + +[Delta](https://www.de.com.au/) basically has no plan for the future, it's hard to see the company avoid a crash landing at some point. Aside from the power station, Delta Energy owns a nearby mine that partly feeds the plant (scheduled to close in 2027), a onsite 55MW solar project and a pumped hydro project that's been looking for funding for 5 years. This means that Delta Energy makes ***all*** of it's money from the 2 turbines at Vales Point B and isn't building anything new. If anything happens to either of these turbines the company loses 50% of it's revenue. + +&#x200B; + +https://preview.redd.it/b6meeskhf3871.png?width=188&format=png&auto=webp&s=af92c077f912a384662ad666c70e15423000a7fc + +To illustrate this point, a turbine at Vales Point B was taken offline for refurbishments in mid April 2021. There was a price spike in the electricity market in May and June from failures interstate. Since 1 of 2 turbines were offline, the power stations missed out on a \~$100M revenue windfall. + +**3. Regulatory exemption from stricter pollutant emission limits at Vales Point B Power Station end in January 2022.** + +The sale of Vales Point B Power Station included a 5 year exemption from stricter limits on pollutant (NOx, SOx, PM2.5 etc.) emissions that all other NSW plants have to meet, this exemption period ends on 01/01/2022. It's important to note Vales Point B is located very close to urban areas in Newcastle. + +The power station can meet the stricter pollution limits with capital works worth $50M (+ cost of being offline). Delta hasn't done this work. The NSW EPA could quite credibly ask Delta why it couldn't find the money for this project in the last 5 years but managed to pay it's owners [windfall dividends](https://www.afr.com/companies/energy/power-barons-pocket-62m-slash-vales-point-value-20201130-p56j6o) for years. An extraordinary risk for a power station to take - unless the investment makes 0 sense since the underlying asset is unprofitable. + +https://preview.redd.it/g2pt9axlf3871.png?width=1399&format=png&auto=webp&s=c1dee1973181c546ff70a098d7333509dbcbf9bf + +# End Game + +So where to from here for Vales Point B? + +The acquisition made a lot of sense for the 100% owner Trevor St Baker in 2015 - he owned the energy retailer ERM Power so there was a bit of 'vertical integration', he knew how to run power stations and the price was basically nothing. He has since sold off ERM Power to Shell, spends most of his time on [clean tech startups](https://www.afr.com/companies/energy/tritium-charges-to-2b-nasdaq-listing-20210526-p57vda) and can get a better return for his capital elsewhere. + +Vales Point B is one big failure, injury or EPA enforced capital upgrade away from shutting down. + +# Ok, so what do I do to profit? + +I'm still setting the scene and trying to give examples of the type of risks that exists in big engineering operations, so stay with me! + +I'll do posts about "New" AGL, AXL, ORG, AST and SKI soon. + +# Why did you do this...? + +*Mostly because I spent a lot of time detangling the power industry and wanted to document it somewhere! I decided to post here instead of LinkedIn because it would probably be more fun.* + +*I also wrote this up because electricity stocks on the ASX are complex, with a lot of history and moving parts. To make matters worse, I think analysts do a terrible job of covering any heavy engineering business. So hopefully these write up will help you make sense of the electricity industry if you are looking to invest.* +EDIT: nothing yet. Fairy certain there’ll be an update announcement tomorrow, just in the general upkeep of the company. We shall see. I won’t say I’m wrong tho, I’m still positive this was someone who at least thought they had knowledge. That’s the thing, tho, if you get knowledge you have to strike but that doesn’t set a time limit to the announcement. + +On the other hand, now here’s a moment where we’ve seen potentially someone potentially strike early on potentially insider knowledge. I think it says something. I’m debating buying more even tho I freehold just because of those weird buys. + +Anyway back to the original post: + + + + + + +I chose the Mr Squiggle flair because I'm connectin' some dots. + +DW8 is a great company. It distributes wine directly from wineries to businesses with cool algorithms and Australia Post. It's run by industry professionals. During this year it's gone from $.005-6 to $.06. It's been a fun ride. I've been on it. [Here's the website](https://www.digitalwine.ventures/). I'm enthusiastic. + +Here's where it gets interesting I think. There's a couple catalysts coming up: they're opening a new business to business part of the market, they're entering the New Zealand market, and they also, ridiculously, [hid a acquisition FYI in an Cleansing Notice](https://www.asx.com.au/asxpdf/20200929/pdf/44n49mtdqvfzwx.pdf). What are they acquiring? Who knows. Is it dodgy? No, it's actually super honest. Why are they so honest? [Because they leaked before.](https://www.asx.com.au/asxpdf/20200630/pdf/44k2xvcs4hw488.pdf) + +Now we come to today. + +[Some idiot bought $12,240 worth of DW8O company options.](https://i.imgur.com/ToxVuFe.png). The options are super illiquid due to there not being that many of them and the owners of said options likely being forward-focused individuals due to the current overall sentiment towards the company. They're selling well above the price of the heads minus the exercise price of the options. DW8 is currently 5.4c, so the company options should sell at 3.9c (as per prior mentioned algorithm minus all sentiment towards the stock). So this person bought $12.24k worth of options at a 1c premium, 4.9c. It's been bugging me all day. I figured it was someone who doesn't understand options or someone with a premium outlook for any number of reasons. + +Then, at [1625 hours](https://i.imgur.com/PhUcrkq.png) in the CSPA some dude snagged $62,696 worth of the heads. What does that code mean, L5XT? [Late trade cross-trade, same participant.](https://www.asxonline.com/content/dam/asxonline/public/documents/manuals/asx-trade-open-interface-manuals/asx-trade-markets-instrument-groups-and-trade-condition-codes.pdf) What does THAT mean? I dunno. + +What I do think I know is this looks to me like someone knows something about DW8. Because if you found out something about a company, the first thing you do is buy all the options you can unless they're over the current market price of the heads. Tick. Then buy all you can afford of the heads with the rest of your money, and if you don't have much money, you wait all day with an order at 5.3c and then panic and move it up for the CSPA at 5.4c and pray that you haven't wasted your insider knowledge. + +EDIT: I forgot to mention I don't know if this is the same person, obv. ALSO I expect an announcement tomorrow but that's my prediction from what I saw today. +After the last few weeks of blood red dildos, I figured I’d do something a little contrary to ASX\_Bets to setup a series of discussions on something a little “safer” and less speculative – **Australian** **Infrastructure**. Within the ASX, there are a few main players in this space and most are in positions where money is there to be made. SO before I give you guys a DD on some of the players in the space, it’s probably worth chatting about the context and understand why you should bother even considering a company in Infrastructure/construction rather than the ASX\_Bets standard rocket-making speccys. + +So when it comes to infrastructure, there are 2 main phases of “life” – the design & construct and then the operations & maintenance (or O&M). + +Currently, we’re in the midst of a massive infrastructure super cycle. Part of it has arisen due to population growth around Australia as well as the need for people to get to city-centres for work (primarily the pre-COVID reasons), whilst the other is to restart/stimulate the economy post-COVID by spending a fuck-ton of money on infrastructure (also gives politicians photo-op to win votes come next election). There is about $14B worth of BRAND NEW major transport infrastructure projects being worked on across Australia with a 50% increase in projects over the next 1-2 years (numbers from the Macromonitor – Jan 2021). In the other construction sectors, there is estimations of around another $32B into new energy infrastructure and another $10B into new telecommunications infrastructure as 5G roll-outs continue. That virtually means that there will be more than $60B pumped into the designing and building a whole crap tonne of things. You can actually check out what some of these major projects are on [https://www.infrastructureaustralia.gov.au/infrastructure-priority-list](https://www.infrastructureaustralia.gov.au/infrastructure-priority-list), with the specific dollar value associated with each (and the business case for getting the project off the ground). + +Now that these numbers have peaked your interest, it’s also an opportune time to talk about all the O&M business as well, where maintenance and operations of these shiny new things (as well as the older stuff that’s been around for a while) start kicking in. Generally, rule of thumb has CAPEX (the design and build) for new infrastructure being about 20-30% of the total lifetime cost, with the remaining attributed to operations and maintenance. So to put that in perspective, if we’re talking a $10B new railway project, you can probably estimate about $750million/year for OPEX (assuming CAPEX is 25% and the railway lasts for 100 years – which is what they’re usually designed for). So if you expand that across multiple major projects, companies could be bringing in a whole crap load too. + +Now if you factor the new with the old, I’d say the state of Australian Infrastructure is looking pretty fuckin’ juicy right? + +Well I’ll be discussing several companies (like CIMIC, DOWNER, CARDNO, BORAL, CSR etc.) and giving some DD about them, along with where I see them heading to with all of these works in the pipeline. NOTE: I hold none of the stocks that I’ll discuss so this is pretty much my own thoughts put onto paper so don't assume its financial advice or me trying to shill a deadbeat stock, but hey I may plan on holding some of these as the stock market enters a more bearish market. + +Happy to hear any feedback, comments or even if it’s just telling me to piss off to some other sub. +Todays release of the RBA meeting minutes from May, in my view, confirms that we will see a rate hike of 40 basis points in June. + +Taking the RBA cash rate target to 0.75%. +I've paid a gardener to do some work the amount of £270 on the day he arrived. + +He done 2 hours of work and went missing. Asked if he was coming back, he said he had to help on another site and that he'd come back the next day. + +He was back two days later and said was going to finish off the work. + +Worked for about 2 hours and gone again. When asked what had happened, said that he hurt his leg and that he was not coming back. I have CCTV footage of his arrival and departure as proof of how much work he's done. + +When asked for the refund minus the hours he worked, he said he don't have the money and won't have it until 3-4 weeks time. + +I've asked to give me at least part of the money until tomorrow - which he said he won't be able to and that if I keep bothering him I will not have any money back. + +I've got his address - he lives about 15 minutes from me (not that I'm going to knock on his door) + +I paid by bank transfer - can I contact my bank and raise a fraud complaint? or the police? + +Thanks +I see you realpulte. What was it you said in an earlier tweet, something along the lines of, “I’ll buy more GME when the time is right but now’s not the right time.” + +Then what did you tweet two days ago: + +“Big announcement is still ON for tomorrow!” + +And today: + +“MOASS is literally trending on Twitter every day these days. I will be buying more $GME on Monday” + +You sly Fox, you cloaked that shit as an impulse buy, you’ve been playing a little 4D chess yourself haven’t you my friend. + +Now I’m not on Twitter but I jumped into that cesspool for a minute to scroll your profile jand what do I see but pure unadulterated altruism, just streams and streams of goodness. And sprinkled in that euphoria we find a few GameStop tweets. Kind of makes me wonder if you’ve been in this thing from the beginning and GME is your ode to joy. + +RC knew BCG was like a level four boss and I’m sure he knew he could find good people with lots of capital who’ve been adversely affected by this criminal syndicate. + +You’re a good, dare I say great, person with loads of capital and Pulte Homes had to oust BCG before they killed your grandfather’s dream. + +But there’s more, your a philanthropist. You appear to want to do the most good for the greatest number of people. + +GME is a movement into decentralized currency that weakens the parasitic oligarchy and does an unfathomable amount of good for every person alive today and for each successive generation after. + +You’re not here for a short squeeze, you have more than enough money, you could support this from your pulpit without investing a dollar and still make a positive impact. You’re here because RC laid his case for the digital Revolution. You’re here to help make sure this thing prevails in the face of pure evil. You’re here to help bring light to darkness. + +I salute you sir, you’re one of us and we’re becoming one of you. + +Count me in as a Pulte Teammate. I have $1million invested into GME so far. Post MOASS you can be damn sure I’ll be using that money to help make the world a better place and not to build a $450 million dollar mansion in Florida so DeSantis can protect me from my evil deeds. + +I’d say welcome aboard but I think you’re helped build this ship from the start, so thank you sir, I’m proud to be a passenger. +Simply out of curiosity, what’s the size of your household and food budget? + +If you budget of course. Excluding eating out etc, simply how much you spend on groceries. + +We are two adults, 50£ per week. We are not budgeting as well as previously, would like to be a bit more systematic about this. 💰 +Probably a bit of a noobish question despite having considered myself quite financially savvy, but… + +Should net worth be calculated based on funds that are accessible within the law? Or Is it normal to factor in inaccessible assets such as a pension or house value? + +I hadn’t really considered this until I had opened a lifetime ISA with the purpose of funding retirement. This one is sort of a grey area as it is still technically accessible albeit at a penalty prior to turning 60 + +Edit: Thanks for the responses. It turns out what I really wanted all along was the definition of “Net liquidity” rather than “Net worth”. + +Edit 2: Further thanks for the great responses. This has really given me food for thought and making me question what it is exactly I am trying to calculate. +We are going to dive into amortization - the process by which your monthly loan payments for your home are set. If you understand this, you should be able to make better decisions around interest you pay, etc. + +# How Amortization Works + +In an amortized loan, each month the amount you pay goes a bit towards principal and the balance towards interest. In the early payments, you are mostly paying interest with smaller amounts going towards principal. Towards the end of the loan term, the situation is reversed - bulk of the monthly payments goes towards principal with small amounts toward interest. + +Simple example: Let's say you get a 30-year fixed mortgage at 4% on a loan amount of $200,000. Then, your monthly payment of $954.83 is split up as follows: + +Month|Principal|Interest +----:|--------:|-------: +1|$288.16|$666.67 +2|$289.12|$665.71 +...|...|... +357|$942.20|$12.63 + +# Loan Choices - An Example + +Now let's say you are looking for a home loan. You get two choices: + +- Choice 1: 30-year fixed loan of $200,000 at 4%. +- Choice 2: 30-year fixed loan of $180,000 at 4%. You put an additional $20,000 toward down-payment. + +Which one should you choose? Assume that all other terms are equal...Let's run the numbers. + +- Choice 1: Your monthly payments will be approx. $955. Total interest paid over the life of the loan will be $143,739 - more than 70% of the loan amount! + +- Choice 2: Your monthly payments will be approx. $859. Total interest paid over the life of the loan will be $129,365. Again more than 70% of the loan amount! + +Obviously, Choice 2 is better - you are paying almost $15k less in interest! + +But can you do better without more money or better negotiating skills? + +Yes, you can, as a matter of fact! In this choice 3 you get a 30-year fixed loan of 4% for $200,000 - exactly like Choice 1. But you now take the $20,000 (as you did in Choice 2) and make an *ADDITIONAL* payment towards principal in the first month of the loan itself. In this case, *miraculously* the total interest paid is ONLY $104,206! + +Note that this is less than Choice 1 total interest paid. But it is also *counter-intuitively* less than Choice 2 - where you took a smaller loan to begin with! + +This is almost like magic - but it is not. It is merely a function of how amortization works. Remember in amortization, each month more of what you pay goes toward principal (and less toward interest) - so when you make this additional payment towards principal, you leap ahead in the amortization schedule (in our example, you leap ahead 64 months) thereby paying less interest going forward. Furthermore, each month you are paying more toward the principal (because your monthly payment is larger to begin with - $954 vs $859) - contributing additionally to the lower interest overall. + +# Key Learnings + +- *First* Make sure you get a loan that allows early pay-off without penalties. Sometimes, lenders explicitly forbid this in loan terms. +- *Second* it's better to take a larger loan and make an additional payment towards principal than to take a smaller loan at the same interest (all other terms being the same, of course)! +- *Third* - this works even when refinancing. +- *Fourth* - remember, as always, to read the fine print so that when you get the larger loan amount, you are not paying PMI, and other fees, etc. + +Good luck! +Obviously I am way too young to be receiving this amount of money, but it just happened to be. I have lots of ideas on where I will be using the money/investments that I think will make a profit, but there is no guarantee of that. So I come here to ask for advice, how should I spend this? Invest into the stock market? Start a business? I am enlisted into the Army National Guard so I will have no problem paying off school. Please help. +I am currently 24 and in the final year of my degree. + +I have saved way beyond an emergency fund and have about 10k saved up which will hopefully increase to 20k over summer (I have a long time between graduating and when my masters starts - don't pay rent as live with parents & secure part time job that has pretty flexible overtime). + +My current plan is to become a paramedic which start on £24-30k - the course is a masters conversion type course which will take me two years. If I can work during this then I will have an income of around £10-15k. (I want to do medicine eventually but I want to put my self in a secure position first so I don't mind waiting a couple years and having a career to fall back on - had a bad time at a uni before and had to drop out so once bitten twice shy) + +After the course I intend to buy an apartment with two bedrooms to hopefully start a small family, with the intentions of it lasting us a couple years before we outgrow it. + +I have invested in some stocks, I have read a fair few books on investing (one up on wall street, things like that) so I believe I understand the "macro" of investing. However, I struggle when it comes to knowing what I should actually put my money in. + +At the moment i'm at the conclusion that I will never have enough time or knowledge to sit down and look through hundreds of stocks to find a select few to put my money in. My interests aren't really related to business or finance. So I am basically looking for a couple of mutual funds to dump all my excess savings into. How do you guys know what mutual funds to buy or assess them etc? All the info I have found is about stocks. I'm currently reading the intelligent investor so hopefully that has some answers. + +I live way below my means, I literally only spend money on gas and food or things as they need replacing. I'm trying to capitalize as much as I can on having a few more years rent free to set me right for the future. + +My ultimate goal is to have a house with no mortgage and invest my excess money for a good retirement. I like the idea of the freedom of not being owned by the bank. +https://www.politico.com/news/2021/09/12/corporate-tax-rate-511570 + +Heads up! The Democrats are looking to change the wash sale rules for cryptocurrency in the 3.5 trillion dollar bill. This article linked discusses it in a one off comment. They never like to reveal the tax increases too early before they pass it because they don’t want us to have time to object and mount a campaign against. +Hi all, + +I was inspired by the choppy market action to do a write up on losing control when you trade. It's extracted from my blog (no self promote, no links or sneaky sheet), maybe it resonates with you: + +It's about losing and regaining control on the holy grail of trading YOUR trading plan: + +## What Happens When we Lose Control + +Many destructive emotions or situations stir up feelings associated with loss of control. **Some examples of what's happened to me in the past:** + +*You buy a stock, it goes down, you sell it to avoid losing money and it literally goes back up the next second, so you jump back in and it goes down again!* + +Essentially, you are trying to control whether or not you make money. The obvious problem here - **you don't control price.** + +This is probably one of the most common root causes of over-trading. And comes down to a few things: + +&#x200B; + +1. You do not have a trading plan that you understand +2. Emotions are acted on instantly +3. Fear is in the passenger seat and you are trying to gain control of your emotions +4. Your current system doesn't suit your personality + +Trading is so full of paradoxes it would make you sick to your stomach, in fact, it does make some people literally sick to their stomach. The very need for control and our primitive brain  is basically wired to stop us from making money. Admitting we don't know where a stock will go is the first step to recovery, and a long road it is. + +**Example 2 (Based on the above):** + +*Holding onto losses in order to avoid the pain of "loss". There are many terms for this, for more info you can look into the disposition effect. Here we have the metamorphosis of a "trader", someone who always tells you when they are winning to an "investor", someone who holds shit stocks while they tank.* + +Again, this ties into control (and ego) which quite frankly are like peas in a pod and feed from one another. + +By trying to control the outcome of a trade, we find all sorts of ways to really fuck up our trading strategy in all sorts of creative ways. The very things we try to avoid, which in "normal life can be easy", in the stock market, are impossible. If your wife/husband asks you if you look fat, you can tell a white lie. If a stock goes down and you own it, no lie will bail you out. + +The stock market doesn't give a shit about how much money we make or lose, it's totally objective. Therefore, saying it's "rigged" or "manipulated" is totally irrelevant because it is rigged for all of us with few exceptions. + +## What we Can't Control + +The reality of trading in terms of control is simple. It's much better to avoid things we can't control as the energy expended in this way removes focus from what we can control. + +Very easy to say but the long term impact will be successful trading or mediocre trading. As it turns out, we can't actually control the entire world - who would have thought! Some examples: + +1. If a stock goes up or down +2. Black Swan events #Rona-19, 2008 +3. How much the central bank prints or doesn't print +4. How governments will react to certain situations +5. Anything to do with the news +6. If country A decides to bomb country B +7. People (long term) +8. Interest rates + +Ironically, the things outside of our control are what freak us out of positions, push us into making rash buying or selling decisions and trigger our fight or flight reactions and derail any half-decent trading plan. + +I will openly admit I spend too much time on what I can't control. When it comes to people, stressful situations and even macro-economics. It is very hard to drown out the inputs from social media, friends, family and others. Even worse still is to avoid holding strong opinions on all of the + +**So What Can we Control** + +All is not lost though. If we could not control any variables in our stock market endeavors it would be pretty damn pointless to trade. The ingredients for success are truly found in the decisions we make in relation to: + +1. When we buy a stock +2. When we sell a stock +3. What strategy we decide upon +4. Our environment +5. How much of whatever we buy or sell +6. The types of things we decide to watch, listen to and or read +7. The people we surround ourselves with +8. The daily habits we create around trading +9. Keeping a trading journal +10. Trading reviews + +The significant difference between what we can and can't control is this little thing called **effort**. + +It takes **significant effort** to find, test, understand and lose money when we start trading, the learning curve really can't be understated. Even worse, those who do well initially end up getting ruined because the precedent is set that "this is easy". That lack of experience always catches up, be it in stocks or any other pursuit. This is the Dunning Kruger effect in action. + +Having logged my trades for a number of years, many patterns show up and repeat themselves most notably in times of duress. For me personally this included the following  - for which I now am 100% accountable. + +1. Buying too soon, usually due to FOMO +2. Selling too soon, usually due to fear +3. Buying on tips from Twitter and friends - the worst of the worst, I still fall for this one +4. Not taking trades out of fear + +These are just a few which were underpinned by one major theme: **not following my trading plan.** + +Sure, I still have my days and even months where I have lost control of my process and am tired, sick of everything and slip up. Yes of course, it costs me money every time and if you think I have down days because of it - you are absolutely correct. The real difference now is I know where I am going wrong, that I can improve it and make serious money trading stocks in the long run. **I know what I can and can not control.** + +It all starts with having a clear plan, a very understandable unambiguous trading system, tons of real trades and a meticulous journal to keep track of where you are winning and losing. + +Over time, taking these lessons and reshaping habits, patterns and hang-ups to eventually become consistent and eventually have it down to a performance art. + +The apex of these points is total control over what you do during the trading day, how you can manage your emotion and execute that trading plan. The ability to follow this plan and learn from will either create or destroy potential traders, especially in the long run. + +&#x200B; + +Very long post, sorry - I hope it helps! + +&#x200B; + +EDIT: Wow, so happy this resonates with you some of you. Thanks for the award!! +I have been recently been reading on the topic of leveraged ETFs, and I was am interested to hear people's perspectives on attributing a small portion of their portfolio to a leveraged ETF considering the greater returns. Considering people invest in QQQ and hold long term, why don't they invest in the same index ETF but with leveraged ETFs for greater returns, if you're truly invested in the buy and hold strategy then wouldn't it provide greater value? (Also, it doesn't necessarily need to be TQQQ, it could be an S&P 500 leveraged equivalent, etc...) + +I'm curious to everyone's thoughts as people generally say put into an index fund and leave it, couldn't you apply that same concept but to a leveraged index etf for greater longterm returns? +First, I will disclose that I am no longer short Facedrive as I received a margin call and had to cover. Secondly, don't want to go too much into why Facedrive is worth practically nothing as it has been covered well before by Hindenburg and by myself [here](https://www.reddit.com/r/CanadianInvestor/comments/jipz2g/deep_dive_into_facedrive_fdv_short_thesis_target/). + +I am more interested now in how this company has gamed the market and in connection, the dynamics of the system that has allowed this to take place. + +Facedrive has had tremendous success due to three main factors; 1) a deceptively tiny float; 2) minor acquisitions that are conducive to; 3) targetted stock promotion + +**Tiny Float** + +Facedrive initially listed on the Venture exchange with about 9 million shares but almost immediately performed a 10 for 1 stock split increasing the share count to over 90 million. Supposedly this was done to increase liquidity; however 85% of the shares outstanding were locked up from the get go, and they still remain locked up until March 16th of this year. So in effect the free trading float only increased from about 1.35 million shares to 13.5 million shares. This made the stock prime for some highly volatile price movements which would have the effect of increasing the market cap exponentially (and making insiders who own 2/3rds of the company extremely rich on paper). + +**Acquisitions** + +So now that we have a stock primed to move we need to get the public interested, develop a narrative. Facedrive used $10 million raised privately (I suspect from friends and family that were promised great returns) to make some very minor but high profile acquisitions that would become their "verticals" and fit their ESG profile (BTW nothing about this company is any more focused on ESG than any other company with good governance). To complement their rideshare, Facedrive created an e-commerce vertical that sold hoodies; they outsourced the manufacture of a bracelet for contact tracing; they bought an e-mail list for food delivery; they bought an ethnic food delivery service; and they bought a fledgling EV subscription service in Washington D.C. All these transactions were valued in the low single digit millions and below. + +But how was Facedrive going to consolidate all these verticals and grow them? None of them other than the ethnic food delivery service generated any significant revenue, and most of them had been around for years without showing any signs of growth. With limited cash left after the acquisitions Facedrive came up with the brilliant plan of spending all their dollars on marketing the company to investors (the executive suite doesn't even collect a salary as the stock is so much more valuable). Let's just let the verticals idle, not invest a penny in them, but instead spend all our dollars on increasing our investor base. + +**Stock Promotion** + +Facedrive has promoted their stock in a number of ways but their main outlet has been a marketing company that owns [Oilprice.com](https://Oilprice.com) and has their news syndicated around the web. This company was given $8 million worth of stock to promote the company and they are extremely prolific. They will claim Facedrive is the next Tesla due to their dormant EV subscription business that was bought for relatively nothing and has shown zero growth. Searching Google News for [Facedrive + Tesla](https://www.google.com/search?q=facedrive+%2B+tesla&client=safari&rls=en&tbm=nws&source=lnt&tbs=qdr:m&sa=X&ved=0ahUKEwj-sby4_K3uAhVCaq0KHSq_B4wQpwUIKQ&biw=1440&bih=839&dpr=2) over the last month reveals these results. You will also see Biden's name come up a lot as paid actors have been promoting the narrative recently on social media that Facedrive is in Biden's secret stock portfolio. + +Facedrive has also heavily invested in paying people outside North America to set up accounts and pose as millennials (fake profiles and all) on social media platforms and stock forums. Their gibberish is all the same, whatever narrative suits them at the time is pushed. If it is lockdown, it's food delivery; if it's re-opening it's rideshare. The overarching theme is ESG and changing the world. Funny enough Facedrive does not have a single electric vehicle employed in their rideshare service but according to Facedrive's modus operandi that is irrelevant - if you say it, they will come is more appropriate. + +The main audience for Facedrive's stock promotion has been the US market. The volume on Facedrive's stock on the OTC parallels that of the Venture on many days. Whereas most Venture stocks would be lucky to get 10% of the volume in the US, Facedrive has proven that tapping the US market with targeted promotion can be really valuable to share price appreciation. + +&#x200B; + +**End Result** + +Below is a table featuring the market caps of a few recent TSX uplistings plus CTS (soon to be uplisted) and WELL (a high growth somewhat popular and recent IPO). + +&#x200B; + +|PHO.TO|$242 million| +|:-|:-| +|PYR.TO|$799 million| +|CTS.V|$884 million| +|WELL.TO|$1.3 billion| +|XBC.TO|$1.63 billion| + +&#x200B; + +You may now argue that none of the above companies operate in the same sector as Facedrive. So below is another table of companies that are trying to capture similar markets as Facedrive. I even included the well established New Flyer Industries (NFI). + +&#x200B; + +|TSF.C|$32 million| +|:-|:-| +|BUS.V|$370 million| +|GPV.V|$787 million| +|NFI.TO|$1.93 billion| + +&#x200B; + +All of the above companies generate revenue, have high growth profiles, and some are even cash flow positive. Below is a table with the above companies ranked by market cap from the smallest to the largest. In this table I have included Facedrive. + +&#x200B; + +|TSF.C|$32 million| +|:-|:-| +|PHO.TO|$242 million| +|BUS.V|$370 million| +|GPV.V|$787 million| +|PYR.TO|$799 million| +|CTS.V|$884 million| +|WELL.TO|$1.3 billion| +|XBC.TO|$1.63 billion| +|NFI.TO|$1.93 billion| +|FD.V|$2.04 billion| +Hi all, + +After neglecting my TFSA for a bit too long, I've almost maxed it out. + +Obviously this means investing larger amounts. For the coming years, since we only get around 6K yearly contribution, what are the different "strategies" or views on how to invest this yearly amount? + +Say I have the full 6K ready to put into my TFSA by February, do I lump sum invest, monthly (though I have a $10 fee per trade)? + +What if I have 500$ a month that I can afford to put in my TFSA? Do I invest 500 a month or let it accumulate? + + +I personally have a mix of Canadian and American ETFs/stocks (Also have AAPL and AMD in Canadian which I had bought when I just started), and have some ETFs in USD which I used Norbert's Gambit. + +I was thinking of keeping the max yearly contributed amount UNCONTRIBUTED for that year, and really actually investing it the following year, to be sure to have at least \~6K ready just in case. + +What do you guys do? I hope this made sense lol +Whether you have insider info, have been obsessively researching, or have a strong background, what's 1 company you have safely invested in knowing it has the best potential to experience massive growth in the future. + +For me it's CRISPR. Based on my professional/research background. Gene editing will be the future, and human gene editing is just trying to break the water rn. +Sentiment seems to be that we've been ready for a correction for a while. S&P entering day 6 of dropping. Tech, green, and innovation stocks are tanking. Is this the correction we've been waiting for? + +If so, what are we buying to weather the storm? + +If not, what's going on? +How do you all realistically put this common refrain into practice? I see this idea as being impossible for most of our FIRE dreams. It almost sounds like living the FIRE lifestyle now while somehow working a full-time job and investing 50% of your take home pay. + +If the life I want involves traveling the world or cruising for months on end or traveling the USA by car/railroad, etc. Nobody can reasonably do that and maintain a full time job. + +So, is this just a nice idea similar to "live as if you will die tomorrow." Something that sounds nice but cannot actually be achieved? i.e. if we lived each day as if it were our last we wouldn't go to work, eat healthy, exercise, etc. but instead perhaps live a life of pure self-indulgence without care for tomorrow. + +Any ideas or advice? + +Thanks in advance! +He is currently Vice-Chair (Privacy) of the [Digital Currency Global Initiative](https://www.itu.int/en/ITU-T/extcoop/dcgi/Pages/default.aspx), which is a joint project by the International Telecommunication Union, which is the UN ICT agency, and Stanford. + +To advocate such a totaliarian position - where running a software node that operates according to an autonomous algorithm becomes illegal in the United States - means he is profoundly authoritarian in his mindset and agenda. + +Ultimately his goal must be to either keep all cryptocurrency networks out of the US through extreme control over the internet within the US, or to eliminate all autonomous cryptocurrency networks from the world. + +This would disenfranchise millions of people, and prevent the emergence of decentralized financial networks that have already shown they have the ability to dramatically improve the living conditions of people facing some of the most challenging socioeconomic conditions in the world. + +To advocate for such a heavy-handed and illiberal respose to a voluntarily formed decentralized software network makes it completely inappropriate for an international organization like the UN, or a world renowned university like Stanford, to have any affiliation with him. + +He's advocating nothing less than the total suppression of non-official human activity, and total bureaucratic supremacy, of the kind characteristic of the worst totalitarian societies. + +We should contact the UN ICT Agency and Stanford and demand they distance themselves from someone advocating government measures that pose such a grave threat to human rights in the US and to financial empowerment worldwide. +Hey everyone,I cannot think of a better place than this community to ask my investment(?) question. My wife(30) and I(30) are living in Germany. We are not EU citizens but holders of perm. Visa. That's why, I guess, we can get a loan for buying a property; we will talk to the banks soon. Our current rent is around 1.4K/month. + +We want to buy a house for a max—300 K with a 50K downpayment. With %11 side costs, we need to get a 280K euro credit from a bank(not sure if it is possible). If we do this, our payment will be around 1.1K. + +50K is a safe amount for us. We can do it 60 but then we need to sell some of our stock portfolios. If we go with 50K, we still have an emergency fund of 6 months + small portfolio worths nearly 2 years of credit payment. + +Our net income is around 50K euros/year. + +What do you think about this situation? Should we lower the price range? or should we increase the downpayment amount? Any suggestion is much appreciated. +Im Irish. + +Theres a capital gains exemption of €1270 per year and 33% on any gains after that. In addition, there is an event called a 'deemed disposal' where, regardless of whether or not you sold your assets, a taxable event is triggered, where you must pay 41% on any gains. This destroys your ability to compound your money over the long term. + +My question is, if I set up a private holding company, similar to Berkshire Hathaway, would this be a potential workaround? Ireland has a infamously low corporate tax rate. +Hello! +I would a appreciate if someone would help me solve my dilemma, +as it includes a variety of variables that I haven't found in any type of question so far. + +I am a Croatian, that has recently moved to Dublin, Ireland for work. +Before that, I've spent 2 years working in Munich, Germany. + +(all of the above mentioned countries are in EU, if that would matter for this case) + +While I was in Germany, I started investing in ETFs through ING DIBA. +Here, in Dublin, I have a bank account opened with Bank of Ireland, through which I receive my salary, and then send some of the money for investing on my ING DIBA account. + +I am interested, whether it's a good move to continue investing through ING DIBA, +as I really like the simplicity of it. + +My main concern is double taxation, which I want to avoid. + +What would your suggestion be? +Hi everyone, + +I'm currently looking into ETF as a long term investment, 20 years or longer. I live in Germany. + +I would like to setup a portfolio that requires minimal work, ideally one or two broad ETFs as passive investment with no re-adjusting, in order to have a monthly saving plan and forget about it. + +I've started with MSCI World SRI EUR (accumulating) from iShares (TER 0,20%). + +\- Would it be a good strategy to continue with this ETF in the long term, or are there obvious issues or better choices? + +\- Would you recommend adding another Emerging market ETF to complement this, maybe at 20% or the total portfolio? Or any other obvious complement? + +\- Does it make sense to add bonds? And if so, which one would you recommend? + +Thank you! +I am a teenager willing to work for money but in my country (Bosnia) you can not work until you are 18. I have my own debit card so I can work online. What are some legitament ways to make money online unlike doing surways and other stuff you see on the web? + +Sorry for my english +Hi everyone, + +Today I noticed that Degiro doesn’t allow new users in Hungary to create an account. + +Since I can’t upload pictures this is what it says: + +“Dear Investor, + +We are re-evaluating our service strategy regarding our services in the Hungarian market. For now, we have decided to stop on-boarding new clients.” + +I messaged support if my current account will be closed and their reply was: + +“Dear Investor. + +Thank you for your email. + +We have halted the onboarding of new Hungarian clients for undefined period of time. We are not sure when and if the possibility opens again.” + +Should I be worried my account will be closed? I don’t want to preemptively move my stocks to another broker. + +Thanks for reading! +Been looking for a mentor, about 100 of them were scams lol if u don’t wanna steal money from me. I’m new but I just need someone to answer questions. I can pay ya too +**Official announcement (with screenshots/video; text below):** [https://brave.com/tor-tabs-beta/](https://brave.com/tor-tabs-beta/) + +**CNET coverage:** [https://www.cnet.com/news/brave-advances-browser-privacy-with-tor-powered-tabs/](https://www.cnet.com/news/brave-advances-browser-privacy-with-tor-powered-tabs/) + +# Brave Introduces Beta of Private Tabs with Tor for Enhanced Privacy while Browsing + +Today we’re releasing our latest desktop browser [Brave 0.23](https://brave.com/download/) which features Private Tabs with [Tor](https://www.torproject.org/), a technology for defending against network surveillance. This new functionality, currently in beta, integrates Tor into the browser and gives users a new browsing mode that helps protect their privacy not only on device but over the network. Private Tabs with Tor help protect Brave users from ISPs (Internet Service Providers), guest Wi-Fi providers, and visited sites that may be watching their Internet connection or even tracking and collecting IP addresses, a device’s Internet identifier. + +Private Tabs with Tor are easily accessible from the File menu by clicking New Private Tab with Tor. The integration of Tor into the Brave browser makes enhanced privacy protection conveniently accessible to any Brave user directly within the browser. At any point in time, a user can have one or more regular tabs, session tabs, private tabs, and Private Tabs with Tor open. + +The Brave browser already automatically blocks ads, trackers, cryptocurrency mining scripts, and other threats in order to protect users’ privacy and security, and Brave’s regular private tabs do not save a user’s browsing history or cookies. Private Tabs with Tor improve user privacy in several ways. It makes it more difficult for anyone in the path of the user’s Internet connection (ISPs, employers, or guest Wi-Fi providers such as coffee shops or hotels) to track which websites a user visits. Also, web destinations can no longer easily identify or track a user arriving via Brave’s Private Tabs with Tor by means of their IP address. Users can learn more about how the Tor network works by watching this [video](https://youtu.be/JWII85UlzKw). + +Private Tabs with Tor default to [DuckDuckGo](https://duckduckgo.com/) as the search engine, but users have the option to switch to one of Brave’s other nineteen search providers. DuckDuckGo does not ever collect or share users’ personal information, and welcomes anonymous users without impacting their search experience — unlike Google which challenges anonymous users to prove they are human and makes their search less seamless. + +In addition, Brave is contributing back to the Tor network by running Tor [relays](https://metrics.torproject.org/rs.html). We are proud to be adding bandwidth to the Tor network, and intend to add more bandwidth in the coming months. Our relays can be viewed at: [https://metrics.torproject.org/rs.html#search/family:FBC2856A48705F3ED17E504F8FC89EC6433ED25D](https://metrics.torproject.org/rs.html#search/family:FBC2856A48705F3ED17E504F8FC89EC6433ED25D) + +Since Brave’s implementation of Private Tabs with Tor is currently in beta, there are still some known issues and [leaks](https://github.com/search?utf8=%E2%9C%93&q=is%3Aopen+is%3Aissue+org%3Abrave+label%3Ator%2Fleakproofing&type=Issues)which we intend to fix in future versions. We welcome developer contributions to our Private Tabs with Tor feature via [GitHub](https://github.com/brave), and look forward to releasing updated versions in the coming weeks. We also plan to include support to choose exit node geolocation in the future. For users who currently require leakproof privacy, we recommend using the [Tor Browser](https://www.torproject.org/projects/torbrowser.html.en), which provides much stronger and well-tested protection against websites or eavesdroppers using advanced techniques to uncover a true IP address. + +We’re excited about providing our users with a new way to protect the privacy of their browsing habits, especially as more sites and advertisers are using tracking techniques and abusing user trust. Our user-first approach aims to standardize a privacy-by-default model that gives users ownership of their data and online experience, and Tor integration via Private Tabs vastly contributes to our platform. + +Note: In addition to Private Tabs with Tor, Brave 0.23 features an updated icon set, refinements to the primary toolbar styling and dimensions, adjustments for tab previews, and usability improvements in the title-mode feature of the URL bar. Brave 0.23 also includes improved compatibility with Google’s suite of productivity tools, which now work better with Brave’s default Shield settings. +Basically I'm nearly 18, I've worked all through school and been frugal as shit, and now I'm at University with 5 grand in savings, and another grand in a spending account for petrol/car repairs/clothing/food. + +Lately everyone around me has been annoying as fuck, I've never let anyone know that I have money saved, they all assume I'm too stupid and spend it on alcohol and weed like the rest of them. My brother burns through 100% of his salary on meth (i'm not joking) my mum has a gambling addiction, I haven't seen my dad in ages, my girlfriend works full time but is always asking me for money, I don't budge when it comes to this. Basically I just pretend like I'm living off the $100 cash i have in my wallet, which I am for the most part. + +The thing is a few times my mother has tried to access my bank account or make passes at me like I owe her for raising me and putting a roof over my head etc. etc. + +A few times I've had to show her my bank statement for a separate account i've created purely so that when I get sent statements it shows I've only got $50 to my name. + +I'd really like to invest my 5 grand instead of trying to hide it from the pieces of shit around me. Honestly, I don't really expect a whole bunch of replies, I just want to know, what would you do if you had a spare 5 grand, with enough money to keep you sane till the end of the year (When I might be moving out) + +Cheers team. + + +Edit: thanks so much for the responses. You guys have been so helpful! + + +Reposting from r/fatFIRE as a user mentioned this was a more suitable sub for this question. + +Asking out of curiosity as well as for personal reasons. I’m considering a move to a lower COL city which will involve many sacrifices including abandoning my friends and city which I love living in. Torn because I know it’s the right thing to do financially but I also know I will take a hit to my enjoyment of life. +Hi people, + +I'm new to the subreddit so excuse my lack of knowledge. I downloaded an app called divtracker on my phone because I wanted to know how much I would earn if I invested a certain amount of money in some stocks. I pretended I had 20 stocks of QYLG, and it said that each one paid 19.44$ annually? According to my dd, a single share of QYLG should pay about 3.24$ and not 19.44$. +... and how do you plan to tackle it? + +Mine is moving stops to breakeven, I've cost myself nearly 30R in the last month doing this which is frustrating to say the least! I'm tackling it by taking 30% of my position off at 2R and leaving the rest of my position to run with stops behind 1H structure. + +What are you working on improving this year and how are you going to do it? +So you may be thinking the Holy Grail may not exist but it may not be farther away than you think. The answer may actually lie in the form of claims from the students of a certain "guru" figure. + +So we have the first claim here: + +&#x200B; + +[Claim 1](https://preview.redd.it/jhw1s94fvzg71.png?width=517&format=png&auto=webp&s=a76ce454399fc5a7190558d40cc33c7616b90170) + +Let's look at the S&P 500 for this week shall we: + +[S&P 500](https://preview.redd.it/z8dga48qvzg71.png?width=1342&format=png&auto=webp&s=fea81e0e4f73686904a5ec48d0436b3f89c17ab0) + +Would you look at that we got some more all time highs here. + +Alright let's go to claim number 2: + +&#x200B; + +[Claim 2 & 3](https://preview.redd.it/by15ul55wzg71.png?width=858&format=png&auto=webp&s=888cd900f3763bd1e3919d61600fab23d6de7049) + +I'm not even going to get into what's wrong with the first sentence so let's move on. + +&#x200B; + +[US10Y and DXY](https://preview.redd.it/owqr3p6cxzg71.png?width=1342&format=png&auto=webp&s=bfbd693d4acac4044b110a7aed0ca00268ae34f8) + +I've taken the liberty of overlaying the US10Y over the DXY. That right there is a pretty weak correlation any way you slice it. In fact, I would be willing to bet that if I ran the numbers through that I would actually end up with a slight positive correlation. Yea, I'm not seeing the long term inverse correlation between them. + +Well apparently "DXY was going to shit it's self this week due to bonds rising" + +&#x200B; + +[DXY](https://preview.redd.it/bwx8ror9zzg71.png?width=1342&format=png&auto=webp&s=b91fffce44ad641c6d346983b01c7adcaf54e78d) + +Yep definitely looks like DXY took a swan dive this week...oh wait it didn't. + +So you may be asking what the Holy Grail is. The answer is ICT. Just do the opposite of whatever his followers and disciples are doing. Just look at this guy and how his three claims ended up being baseless and incorrect. + +https://preview.redd.it/j4icc9z300h71.png?width=519&format=png&auto=webp&s=3c0515b270229ea96a11f73251b3f6a2089f8a7f + +Yes, I'll continue to sit and watch 🤡 + +&#x200B; + +Edit: In case it was difficult to notice or you didn't see the meme flair, this post is meant to be satire and a joke. Please don't go out and think you can make money by just simply doing the opposite of somebody else. Enjoy the rest of your trading week and have a relaxing weekend! +Hey everyone! + +I was learning to perfect my day trading craft 4 years ago. I spent 6 hours a day for a year going through trial and error of technical analysis, chart reading, macroeconomics, and small accounts learning from my mistakes. Ect. I know all about the displine of trading and the risk reward ratios and consistency being key. + +I would say when I stopped I was definitely good and had the potential to make a living from it but not at the point of mastery quite yet as that could take years. + +The reason I stopped was I didn’t have capital and I just got depressed with life to be honest. + +I’m ready to hop back in and take this seriously and develop my skills again. + +My question is, how have you traders been doing?!? Y’all still be having great success? + +Any tips you would have for me as someone returning or just general trading tips? Any helpful video or guides you’d like to share? + +Just general conversation really. + +Happy trading! +I’ve seen more posts pop up about either people losing their jobs, being kicked out of housing, or just struggling to pay for or get out and buy food. + +Obviously Universal Credit is a great recommendation, but there’s so much support out there to consider as well. + +The government has a tool to find this help and support if you’re affected by coronavirus - https://www.gov.uk/find-coronavirus-support + +It covers way more things than financial support, but I thought it was worth sharing on here in case anyone was struggling (or if you’re expecting to struggle fairly soon). + +[Find Support](https://www.gov.uk/find-coronavirus-support) +I’ve seen more posts pop up about either people losing their jobs, being kicked out of housing, or just struggling to pay for or get out and buy food. + +Obviously Universal Credit is a great recommendation, but there’s so much support out there to consider as well. + +The government has a tool to find this help and support if you’re affected by coronavirus - https://www.gov.uk/find-coronavirus-support + +It covers way more things than financial support, but I thought it was worth sharing on here in case anyone was struggling (or if you’re expecting to struggle fairly soon). + +[Find Support](https://www.gov.uk/find-coronavirus-support) +Hi all, + +I had a discussion with a few friends about purchasing real estate for AirBnB use, and one of the topics that came up was buying a lot of land (near state parks, rivers, lakes, etc. anything with scenic attractions) and converting it into a low-maintenance AirBnB. + +For example, setting up yurts and igloos for a unique camping experience, or creating tiny homes on the lot for people who want a cheaper but unique AirBnB experience. We're hoping to make it attractive by buying a lot near lakes or state parks. For reference, we're in upstate NY, where there's a lot of the aforementioned. + +We considered not putting in electricity or water, or just building a central facility where campers/guests can shower, use the bathroom, etc. + +Has anyone had any experience purchasing lots and creating low-maintenance rentals? What would we need to consider when it comes to something like this? + +Thanks. +Settlement is next week - 3rd August. We just had a call from our real estate agent asking for a 7 day extension. Seller has bought a property which is tenanted and tenant does not move out until 10th August. + +We’re currently renting and have 2 dogs in kennels which makes it hard as we can’t really organise extension on either due to the late notice. + +We also don’t want to terminate contract which appears to be the only thing in our arsenal. + +We’ve been offered $3,500 as compensation but that doesn’t t solve for the fact we’ll have no where to move to for the week or somewhere to keep our dogs. + +Should we bluff and threaten to terminate contract? Surely the seller should be the one to look for a place to move to for the week and not us? + +Anyone experience anything similar? +I am looking for a support group of lurkers and wannabes here in algotrading to start learning, any takers ? Need to beat my procrastination and wishful thinking. 6 months to learn and deploy…anyone? + +Edit: making a discord server. + +1. Will leverage resources and organize +2. No $ for anything - only motivation and plan +3. Give me a day! Please +I am looking for a support group of lurkers and wannabes here in algotrading to start learning, any takers ? Need to beat my procrastination and wishful thinking. 6 months to learn and deploy…anyone? + +Edit: making a discord server. + +1. Will leverage resources and organize +2. No $ for anything - only motivation and plan +3. Give me a day! Please + Hey guys, if you have not seen my Yolo post, here is a shot of the position at the time …. + +&#x200B; + +[YOLO](https://preview.redd.it/6bx6d3rm2fg91.png?width=807&format=png&auto=webp&s=cb3d24bf0a0bd8446e2a29b44a9c7bc945165041) + +...My inbox has been going absolutely insane, with people asking what my decision making process was and taking such a large position in a seemingly dying equity. The following is a summarization of my answer. + + +My Thesis on this Play is as follows - +I have been monitoring the stock ever since Ryan Cohen took a position. Although, it has been on my radar since January 2021, as it was one of 13 stocks that popped in sympathy w/ GameStop, and due to the basket swap ETF that those stocks were added to, it has been consistently running in tandem with Gme ever since. However this is the only one of those companies (other than GME) that Ryan Cohen has personally taken stake in.. + + +After the BBBY URN - ings disaster, the stock was pummeled and plummeted from around 15 bucks to around 7$ bucks. So Initially, I started seriously looking at it for a reversal play. However, After the aforementioned meltdown and a subsequent -50% day and news of the CEO stepped down, the stock was pounded further down into the 4s. + + +…Come to find out Ryan Cohen, (after acquiring 10% of the company in March) was again performing a hostile takeover, and had actually forced the overcompensated CEO out, while also being alotted three seats on the board. This is also after penning two open letters on behalf of RC Ventures, voicing his distain for the way the company had been running, it’s lack of profitability, and how it stemmed from the top down, as its corporate executives were highly overcompensated, and he proposed the sale of its spin-off company- “Buy Buy Baby”. This spinoff acquisition seems to be rolling, and a proposal of a hefty investor dividend from the proceeds has been initiated. + + +With GME as far and away, my primary holding, I am, and have been HEAVILY invested in Ryan Cohen. As an investor, I do not invest in companies with the conviction in which I invest in people. This theory of mine started with Steve Jobs / AAPL , back when I was 18 and the first iPhone came out, continued with Elon Musk in Tesla before they even had the first consumer vehicle on the road, and now Ryan Cohen, as he is tactically fighting to dismantle the forces of Wall Street that blatantly fuck the little guy. Not to mention the turnaround/pivot strategy in which he executing in GME. So naturally - his acquisition of equity in $BBBY caught my attention, and it soon became immediately clear that this was possibly the deepest value stock on the market. (Especially considering RC’s cost basis is $15, in addition to the millions of dollars worth of $60, $65, $70 and $80 strike call options he holds, expiring January 23.) + +&#x200B; + +[RC VENTURES BBBY HOLDINGS](https://preview.redd.it/6fyertmk3fg91.jpg?width=1170&format=pjpg&auto=webp&s=478d80696050b72babda6908d275b968acd075ca) + + +As GME was getting ready to split, I started seriously tracking and charting $BBBY to find a clear bottom, as I had/have supreme confidence that a serious turnaround is/was just on the horizon. +That said, it does not take genius to see the DEEP value, and spot a reversal play when a stock goes from mid $30s in March to sub $5 in June - even without the Ryan Cohen factor. + + +Again, $BBBY was one of the 13 stocks that had the buy button taken away when GameStop originally popped off in January of last year. All of those stocks are in a basket swap ETF that hedge funds use to short these stocks. The correlated movement is especially apparent when GME is in its FTD cycle - The one that has seen it consistently and predictablely pump from The bottom, to the tip top of the descending wedge in which it is currently in the process of breaking out of. But when is the next FTD cycle you ask? I’m glad you did, because it started last Friday, and runs into OPEX clearing at the end of August. + + +So again, these stocks move in tandem, and usually all pop one GameStop pops - or in the case of bed Bath and beyond in March when they announced a share buyback after hours in March 2022, BBBY actually acted as a catalyst for the rest of “meme basket” and bed Bath & beyond, GameStop, K O S S, AMC, and the rest of the Memes all had an exact correlating after hours pop. + + +So back to this play - I started seriously considering taking a large position leading up to the Gme split, as I anticipated a very solid pop in GME’s stock price, and a subsequent appreciation from BBBY, as it was literally, aside from the Covid crash, at its lowest point since 1996 - almost 3 decades. + + +I waited patiently to take the larger position, while playing the weekly five and six dollar calls, especially on Fridays, as they would usually have a VERY solid 0DTE run in that span of a few weeks. I actually hit another separate 2000% gain on a Friday, as the five dollar calls ran from .035-$.60+ - except I only had about $1000 in play at the time… either way, gains is gains, and that is when my eyes truly lit up to the probability of a massively historic opportunity here. + + +As things played out, $BBBY would go on to show a bullish divergence, and completely decouple from the indices. It reached 100% utilization, with several days of zero shares available to borrow on interactive brokers or FIntel. +Then last week I come to find out that they had shorted over 100% of the float. That is when I decided to take this risk, and look for an serious entry. + +&#x200B; + +[BBBY Short Percentage of Float](https://preview.redd.it/a0qkfrw44fg91.jpg?width=541&format=pjpg&auto=webp&s=8705b60271ccf02b2958658978c4855929a5d279) + + +After watching it for so long, the options prices were so ridiculously manipulated that I did not want to gamble on 0DTE, even though I had major success with it prior. So I bought one week out (not 2 1/2 as stated in the original post… I was super burnt out and my brain friend when making the post. My apologies)…. +Anyways, I do trade for a living, and rather than compulsively day trade, I look to set up monsters like this. So I guess it was a combination of skill and luck that I timed the bottom and my entry so precisely. + + +The stock gapped up the next Monday morning, and kept rising all week long. If you look at the chart, you will see a pattern of a big pop in the a.m., and then a slow steady rise throughout the rest of the day, with a very bullish finish. +So yeah, I just kept holding them, and they kept appreciating in value. I did put a shitload of time and effort into setting this up, and after Tuesday I was up considerably. Enough to feel comfortable holding as the entire float was sold short. +Eventually word got out and the options chain started going crazy. On Thursday there was an incredibly bullish finish and follow through, and Thursday evening, $BBBY was all over WSB. + + +Thursday 8/4.22 it closed at $6.12, and if it were to be able to close above $6.50 the next day, Friday 8/5/22 (It did), The entire float would be in the money via derivatives (It Is). That is a pretty intense situation considering the entire float is also sold short, as well as 100% utilized, meaning held by institutions insiders and retail. + + +Friday morning it popped off, and just kept rising. +So yeah… I would say a combination of skill and luck, but mostly just putting my money where Ryan Cohen does. +Again, he has millions of dollars in $60- $80 call options expiring January 23, as well as a $15 cost basis. He also holds the grenade that should act as a catalyst to send $BBBY to the moon, should any type of “MOASS” like Price action go down with Gme , but once again, at the very least, his cost m basis is $15, just about double what the current price is. + + +As one of, if not the best investor of my generation, as well as the largest single entity shareholder in $AAPL, I think it wise to closely monitor and follow his investments. + It is my hope that in addition to providing some DD on BBBY and why I believe it is a very bullish future, this post can serve to answer the hundreds of inquiries I have received, questioning my decision making process around entering the YOLO. + + +In closing, if you feel like you have missed out on this opportunity, **You could not be more incorrect, in my opinion.** As it is my opinion (and just that, my opinion - nothing else) **I believe $BBBY is one of - if not the best deep value play of 2022.** I wouldn’t go as far as saying it is GameStop2.0, but it is most certainly close, and if there was ever anything even remotely close, $BBBY is certainly it (again IMO). + + +For anyone interested in the statistics on short interest end all around holdings I would urge you to check out - w w w. byebyeshorts . c o m + + +In regards to the Yolo… + + +I Chose the strikes I did because they were closest to in the money, had the best Delta, & the least risk of incurring a substantial loss, should the price have had negatively fluctuated overnight. +I decided to Exercise what I could because I have supreme confidence that the stock price will go much much higher. Also for tax purposes obviously. HOWEVER - I believe the $BBBY stock price will reach between 60 and $80 if not more before January 2023 here is why…. +Much love everyone! Let’s get this sub Reddit back to what it used to be, which was a place to share information about profitable investments, and A hub for novice and experienced investors alike to help each other make money! So let’s make some fucking money, retards! + + +\*\*\*\*\*\*Also, this is 100% absolutely not financial advice in any way shape or form. I am literally a retarded person, and am more qualified to give open heart surgery than I am to advise anyone on this earth what to do with their money. \*\* +[Link to the full article (3 min read)](https://www.cnbc.com/2022/12/13/tesla-stock-down-28percent-since-elon-musk-took-over-twitter.html) Tesla stocks lost 28% since Elon Musk acquired Twitter while most similar automakers were up in the positives during the same time period. Despite the better than expected inflation report that drove tech stocks higher on Tuesday, Tesla stocks slid another 4% and reached a new record low in years. Elon selling Tesla shares to finance the Twitter deal and delays in car production have all contributed to the pressure in Tesla stocks this year. Investor sentiment remains weak as many see Twitter a big distraction to Elon’s management at Tesla. +[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/) +I’m 24, currently on £37k. I contribute 8% to my pension and my company contributes 10%. My pension is with legal and general. + +Ive read on here that the default investments for pensions aren’t always the best. I don’t know anything about investing and I don’t have any outside of my pension. It’s something I want to learn more about and get involved in, but at least for right now, what is a good strategy to allocate my pension contributions to? Looks like mine at the moment are primarily invested in company shares and the fund has been down all year. +I don't see this highlighted here, but it should be something we shout out. I stayed in really toxic relationships for a really long time becuase I needed someone to split the rent with and was afraid to share my living space with a random roommate. + +Even after I switched to a roommate I put up with soooo much because I couldn't afford my own place. Those housing choices severely affected my trajectory... +Tried to login into my mobile app one day last week, and found that my account was "locked." Hmm that's weird. Called up, entered my debit card number on the cust. service line, "We're sorry, that doesn't appear to be a valid account." I eventually spoke to 3 different departments, who told me that my account was being closed due to "risk" and there was "nothing they could do." They also couldn't tell me why. But not to worry, I could get the funds that were in my account within 10-15 business days. + +&nbsp; + +Andreas Antonopoulos said in one of his videos that in many places in the world, you could wake up, and with the flip of a 0/1 in a database, you no longer have access to your money. I foolishly thought, I'm in the US, I'll never have that problem, right? + +&nbsp; + +My situation was eventually escalated to the point where someone could tell me what was going on. Apparently, B of A read a number wrong on a perfectly valid check I deposited via mobile deposit. No email, no phone call to ask me about what they presumably thought was a bad check. I just woke up and *gone* I no longer have my money. + +&nbsp; + +I never thought that this could happen to me, but it did. I resolved this with B of A and have my accounts back, but some people aren't so lucky. With Bitcoin, you are your own bank, and you can ensure that this never happens to you. +For many years, we have been locked into the "work/save/invest" ethos. It has worked to the tune of $2.6mm in investments with an annual spend of $85k. I am mid 40s while she is late 30s. + +In an interesting twist of fate, I find myself unable to hit the stop button on the career that helped build our war chest. I do not particularly love it and I am more than a little surprised that I cannot walk away. Granted, there is some underlying fear but I cannot identify it. More than anything it could be the social aspect of the job (and the free car & expense account?). Travel, reading, painting, hiking, sporting events, daily exercise and volunteering all hold great appeal for us so there would not be a lack of things to occupy our hours. + +Further, in order to make our spending more predictable, we recently scaled down in our LCOL area to a 1900 sq ft townhome from our 5000 sq ft mcmansion. We have no kids so, mostly, we had a lot of wasted space. That being said, it was wonderful to host parties and family over holidays. I severely miss the comfort of movie nights in our theater room & the ability to welcome friends (while maintaining room to breathe). I know -- 1st world problems to be sure. + +Given my inability to accept the "RE" piece of FIRE, I am considering a few more years of toil in exchange for long term comfort of a larger home. Spend will obviously jump to 100k or so and the wildcard of travel can always be reigned in (it's around 20k of our 85k spend now). If we were not in the snowbelt then retooling our housing (again) likely would not matter -- we are and it does, more than I ever imagined. + +We welcome all opinions on how you would handle this. "Am I crazy for going in reverse?" may be the actual question here. Thanks for giving this a read. +The filing came out yesterday. + +369 (nice) pages long. I read almost everything and summarized it in this video. **Watch the video before reading the below. You will not have context.** + +[https://youtu.be/L4eWbGc1cMM](https://youtu.be/L4eWbGc1cMM) \- PRO TIP: Use the YouTube video speed changer if it is reading too slow for you. Or more likely, too fast. + +The filing - [https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-010.pdf](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-010.pdf) + +In short, these are not market regulations. This is more a "new service" that the DTC/NSCC is trying to offer institutions. The things mentioned in this filing make me believe like they are trying to set up a standard operating procedure for the possible event of a MOASS. Specifically, they are trying to "Safeguard" institutions and other public investors (us) not to suffer on the event in which multiple hedge funds need to liquidate as their losses become unbearable and they need to cover their shorts by selling their entire portfolio. + +Remember Archegos? They lost $20 billion in 2 days and their bet wasn't even GME or the other stock related. + +*"*[*As Bloomberg reported*](https://www.bloomberg.com/news/features/2021-04-08/how-bill-hwang-of-archegos-capital-lost-20-billion-in-two-days)*, Hwang’s portfolio grew to USD100 billion. This would equate to 5x leverage in a cash portfolio. Under US regulations, PBs are allowed to extend credit on a cash portfolio up to 6.6x; i.e. a 15 per cent portfolio margin requirement."* + +*"On March 26, 2021, banks offering* [*prime brokerage*](https://en.wikipedia.org/wiki/Prime_brokerage) *services to Archegos started to liquidate billions of dollars' worth of various* [*stocks*](https://en.wikipedia.org/wiki/Stock) *after it had failed to meet a margin call. The stocks were reportedly tied to the total return swaps held by Archegos. This sale was reported to be the cause of a 27% plunge in share price of* [*ViacomCBS*](https://en.wikipedia.org/wiki/ViacomCBS) *and a similar fall in the price of* [*Discovery, Inc.*](https://en.wikipedia.org/wiki/Discovery,_Inc.)[*\[6\]*](https://en.wikipedia.org/wiki/Archegos_Capital_Management#cite_note-jcwsj-6)[*\[8\]*](https://en.wikipedia.org/wiki/Archegos_Capital_Management#cite_note-:0-8)*"* + +Just to add, Bill was begged to sell his position in Viacom as it began to decrease in value suddenly, but refused to listen probably due to his superiority complex. Sounds oddly like the same sentiment that shorts who refuse to cover have, eh? + +"*On March 29, the share price of Credit Suisse was down by 14%, while Nomura Holdings shares declined by 16%.* [*\[5\]*](https://en.wikipedia.org/wiki/Archegos_Capital_Management#cite_note-sfdt-5) *A press release from Credit Suisse said that "the loss resulting from this exit ... could be highly significant and material to our first quarter results."*[*\[16\]*](https://en.wikipedia.org/wiki/Archegos_Capital_Management#cite_note-cs-16) *According to* [*The Wall Street Journal*](https://en.wikipedia.org/wiki/The_Wall_Street_Journal)*, Goldman Sachs and Morgan Stanley were able to limit their losses relating to Archegos by acting more quickly than Credit Suisse and Nomura Holdings.*[*\[8\]*](https://en.wikipedia.org/wiki/Archegos_Capital_Management#cite_note-:0-8) *Other banks, such as* [*Deutsche Bank*](https://en.wikipedia.org/wiki/Deutsche_Bank)*, were able to close their substantial positions quickly and avoid any losses.*[*\[17\]*](https://en.wikipedia.org/wiki/Archegos_Capital_Management#cite_note-17)[*\[18\]*](https://en.wikipedia.org/wiki/Archegos_Capital_Management#cite_note-18)*"* + +&#x200B; + +https://preview.redd.it/aj1j9jxr30d71.png?width=608&format=png&auto=webp&s=f56422651119a55f622b6bcecea9d7df1d91fa25 + +Even with such a horror story, hedge funds remain ultra leveraged. The DTCC/NSCC probably used Archegos as a case study and saw how these banks pretty much tried fucking each other over to firesell their positions before the others did - which is exactly what this new DTCC/NSCC service is trying to prevent. Implosions of hedge funds like this cause obvious rippling effects across the financial system. + +Last number I saw for Melvin was that they were still at a \~47% loss YTD. That $3 billion dollar injection from Jenny and Stacie is HALF of the capital left in Melvin (12B > 9B > 12B > 6B). + +Now imagine 20 Archegos sized hedge funds imploding all at the same time due to various margin calls. + +That isn't even unreasonable to think. [hf-implode.com](https://hf-implode.com) looks like an old website that someone made to track every hedge fund that imploded back in 2007 and 2008. "We counted 117 major funds at 71 outfits "imploded\*" from the 2007 crash" + +117! No wonder that shit took forever to recover from, everything was literally fucked. I think institutions are getting nervous and want to make sure they get their fucking money if anything goes down. + +&#x200B; + +Alright that is it. I will be making a follow up video that includes some more details like I mentioned above and some other comments on the filing itself, so make sure you subscribe to my StonkTube. +I have been seeing a lot of hype around $HCMC. Which is fine and dandy. I just wanted to provide some supporting evidence of what people are saying about the stock and its legal battle with $PM. February 26 can't come soon enough. This lawsuit may settle. If it does, it should prove positive for the stock. If it doesn't settle soon, it still has the potential to at least maintain it's performance. Not financial advice, I am just a Floridian who likes the stock (and vaping.) + +&#x200B; + +[HCMC Story 1](https://investorplace.com/2021/01/healthier-choices-management-news-hcmc-stock-skyrockets-amid-lawsuit-speculation/) + +[HCMC Story 2](https://www.barchart.com/story/stocks/quotes/MO/724280/healthier-choices-management-corp-files-patent-infringement-lawsuit-against-philip-morris) +With the potential for a leadership change in the USA, and Biden’s pledge to invest many millions of dollars into clean energy, what are the stocks or funds you are bullish on due to this huge government investment that may be coming? + +Index Fund ETFs? +Canadian dividend eligible? + +I have a position in AQN in a non-registered account as part of my Canadian dividend paying portfolio. +Leaps are generally considered good in terms of options buying. I agree with this, but is there any reason why someone would want to sell leaps? Because there's obviously people out there selling them. +Hey all, + +I post a weekly theta gang thread in WSB and I just wanted to give you all a heads up. Some times it gets a lot of traction, most of the time it’s ignored. I’ve had extreme luck with writing options these past two years so feel free to ask me anything and to let me know what you’re planning to write this week. + +Proof from last week: https://i.imgur.com/Bs7gaZP.png https://i.imgur.com/mwiIa6V.png +[https:\/\/ycharts.com\/indicators\/us\_loans\_to\_depository\_institutions\_\_primary\_credit ](https://preview.redd.it/aro6grx2jas91.png?width=1310&format=png&auto=webp&s=8fed654fa1d82c557f773d8cf30a8f719a6e3943) + +Good evening r/superstonk! Neighborhood jellyfish here and I would like to discuss , ['Primary Credit'--the principal safety valve for ensuring adequate liquidity in the banking system](https://www.frbdiscountwindow.org/pages/general-information/primary-and-secondary-lending-programs) that has banks borrowing cash from [the Fed at 3.25%](https://www.frbdiscountwindow.org/) to the tune of [$7.511 billion this week](https://www.federalreserve.gov/releases/h41/20221006/) a [change of 16.09% from last week and 1.14K% from one year ago](https://ycharts.com/indicators/us_loans_to_depository_institutions__primary_credit). + +# Overview + +>Federal Reserve lending to depository institutions (the “discount window”) plays an important role **in supporting the liquidity and stability of the banking system** and the effective implementation of monetary policy. By providing ready access to funding, **the discount window helps depository institutions manage their liquidity risks efficiently and avoid actions that have negative consequences for their customers, such as withdrawing credit during times of market stress.** Thus, the discount window supports the smooth flow of credit to households and businesses. Providing liquidity in this way is one of the original purposes of the Federal Reserve System and other central banks around the world. +> +>The ["Primary Credit"](https://www.frbdiscountwindow.org/pages/general-information/primary-and-secondary-lending-programs) program is the principal safety valve for ensuring adequate liquidity in the banking system. Primary credit is priced relative to the FOMC’s target range for the federal funds rate and **is normally granted on a “no-questions-asked,” minimally administered basis. There are no restrictions on borrowers’ use of primary credit.** + +[https:\/\/www.frbdiscountwindow.org\/Pages\/General-Information\/Primary-and-Secondary-Lending-Programs.aspx ](https://preview.redd.it/pygdmq1klas91.png?width=1186&format=png&auto=webp&s=c05f15316b2e62b91ffc37959ddb81fa2fed1e2e) + +[Here are some examples of common borrowing situations](https://www.frbdiscountwindow.org/Pages/General-Information/Primary-and-Secondary-Lending-Programs.aspx): + +* Tight money markets or undue market volatility +* Preventing an overnight overdraft +* Meeting a need for funding, including a short-term liquidity demand that may arise from unexpected deposit withdrawals or a spike in loan demand + +>The [introduction of the primary credit program in 2003](http://www.federalreserve.gov/boarddocs/press/monetary/2003/20030106/default.htm) marked a fundamental shift - from administration to pricing - in the Federal Reserve's approach to discount window lending. Notably, **eligible depository institutions may obtain primary credit without exhausting or even seeking funds from alternative sources. Minimal administration of and restrictions on the use of primary credit makes it a reliable funding source. Being prepared to borrow primary credit enhances an institution's liquidity.** + +# Why is this so interesting? + +A lot of banks have a ton of cash right now! We see this with the current reserves at $3.306 Trillion + +[https:\/\/ycharts.com\/indicators\/us\_total\_reserves ](https://preview.redd.it/xhjccqjomas91.png?width=1248&format=png&auto=webp&s=b58f9a89f40d225b9ca0c6a75107aaef6938fd51) + +What are reserves? They are when the banks put cash on deposit at the Fed and the Fed pays them interest--currently 3.15%. + +So back to Primary Credit, I wonder which institution(s) are seeking **“no-questions-asked” "no restrictions on borrowers’ use of primary credit."** to the tune of [$7.511 billion this week](https://www.federalreserve.gov/releases/h41/20221006/) a [change of 16.09% from last week and 1.14K% from one year ago](https://ycharts.com/indicators/us_loans_to_depository_institutions__primary_credit)? + +Thanks for dropping by and I hope you have a wonderful rest of your evening, an awesome Friday, and even better weekend! +32M here. I’m a doctor, I own my own practice. In the last 2 years I’ve invested $600k of my blood sweat and tears and have doubled it to $1.2M. I currently have $500k in student debt which is about to start being paid back when the student loan freeze is over end of January 2022. Even with the student debt accounted for I have a net worth of about $1.5M due to equity value of my practice and other assets. + +FatFire is in my heart. I cannot wait until age 60 or even 50. My goal is to have the option to retire or just work for fun by age 40. My arbitrary dream number is to have $10M in invested assets by that age. + +I need to decide soon if I am to just refinance around 3% and pay off over 10-15 years and keep investing strong or just pay off aggressively over the next 1-2 years. The former option is gonna require me to grow the thickness of my stomach lining, but it gives me more time in the market to keep growing. The latter, although could lead to mental calmness, leaves me out of the market or other investing opportunities for almost 2 years. + +Another option is to just sell some stocks and pay off the debt and start investing again. I want to avoid this option as much as possible. What are some other ways to pay down the debt? My Cpa says I can create a c Corp for my business and make a brokerage account and invest all my profits in there. As long as I don’t take the money out then the money out in can keep growing while saving an extra 10% in taxes. I was thinking to grow that brokerage account large enough where I can borrow against it and pay off the student loans then pay back the brokerage whilst also writing off the interest on the loan since it is a business loan. Thoughts? + +I am very thankful to be in my position and realize these are probably champagne problems. I just feel I have sacrificed so much to get to this moment in time that I feel bad just throwing away my income towards student debt. My Cpa even told me no banks card about student debt, it’s the least of their concerns. Even with that much debt banks will be lining out the door to finance me whatever I want. + +I’m not the Dave Ramsey type of person +China is now charging Fed Ex as being a threat to China’s delivery services. They are responding, in kind, they believe, to our allegations against Huawei. It appears that Fed Ex misdirected some important papers that were to go to Huawei back to the US. + +China will be making a list of US companies they believe will be threats to China. This list will reportedly be made public to the Chinese this Sunday. + +https://www.bloomberg.com/news/articles/2019-06-01/china-launches-investigation-into-fedex-xinhua?srnd=premium-asia + +I wonder if Apple will be on that list? +It's a double-down from shorty. + +Thanks for reading my DD. + +Don't panic sell when it comes back up. Go take a nap. + +https://preview.redd.it/w4dq5zlee4i91.jpg?width=617&format=pjpg&auto=webp&s=f4c9c0fddd85dd04be539bef6189938d222455c1 +I'm normally a value investor and I park about $1000 every month into the same 5-6 stocks I've done careful research about - all of these are well established companies with no debt, steadily increasing annual revenues and some even pay dividend. + +I don't have anything against penny stocks on principle, however I always do my research before investing even a cent so I ran an experiment on the top mentioned penny stocks on this sub reddit. Literally all I did was the following, I went on Yahoo Finance and checked 1) what revenues have the companies made in the last 3-5 years, 2) have they made any net profit and 3) whether they have any significant debt. Below is my assessment on three stocks from different sectors. + +ATOS - have never made a profit, same approx. net loss every year since 2017. I guess the only promising thing they have are potential breakthroughs in the future because the rest of the company looks pretty much worthless. + +SPRT - a bloody software support company that hasn't made profit reliably for a long time? I would be lying if this wasn't one of the worst financials I've seen recently with absolutely zero upside prospects. Would be interested genuinely in what people see in this company. + +ABML - a mining company in some difficulties apparently, no net profit since 2017. + +Let me know if you agree with this assessment. + +Ideally I would be looking for a penny stock which has the following characteristics. +1) Growing revenue with every year (even if the total revenue is very small). +2) Increasing net profit or at least promise to show some profit in the next 1-2 years. +3) No large debt. + +The reason why I'm after these 3 characteristics is because if a company wants to survive long term you need to be able to grow the company, make profit and not go bankrupt in the process! +Over the last couple years, most (if not all) mobile networks have changed the way they figure out your yearly price increase. It used to be worked out based purely on RPI, which was usually around 2.5%. For most people, this worked out to be *at most* £2, and that's assuming you're on a ridiculous £100 a month contract. + +However now, it's based on CPI + arbitrary % they choose. At the moment, they're usually around 3/4%. For Vodafone for example, it's 3.9%. + +At current levels of CPI inflation (4.2%), that means I can expect my mobile bill to increase in April by a whopping 8.1%! That's assuming inflation levels stay the same and don't increase which is highly unlikely in this economy right now (most economists seem to agree 5% before Spring is likely). + +I don't know about other people, but this is making me rethink the way I do my phone contracts moving forwards. You're essentially paying 8% interest on your initial contract amount if you purchase just before the start of the financial year because that's when the increases happen. You would probably be better getting a loan from the bank and just buying it outright. + +Of course Samsung and Apple directly do have their own 0% finance (and swap) schemes, so I would suggest if you're upgrading right now that you look at these and just opt for a cheap sim only from Voxi or something as they're 30 day rolling contracts and therefore you can just swap around if they increase it. +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 +Elon Musk sold nearly $7 billion worth of Tesla Inc. TSLA -2.44%▼ stock in recent days, regulatory disclosures show, just months after saying he wasn’t planning to sell additional shares in the company. + +Mr. Musk sold around 7.9 million shares between Friday and Tuesday, regulatory filings show. + +https://www.wsj.com/articles/elon-musk-sells-nearly-7-billion-worth-of-tesla-stock-11660096215?mod=breakingnews +Based on zero data or facts, I’m going to assume that Meta’s average user is like 60 years old. + +Is Karen really dying to strap on that VR headset and go fly around space and grope a cartoon panda or whatever happens in the metaverse? + +When is she going to get herself all set up for her metaverse explorations? After she learns how to rotate a PDF? + +On the other hand, if this is their play to try and get young people back on board with them…good luck, the younger generations absolutely loathe you. + +I’m going to go out on a limb here and say there will be much better experiences offered by companies that aren’t hated by the demographic that they’re relying on. +I've been financially stupid for a very long time now and I don't know how to get out of this. After taxes and child support, I bring in about 2060 per month. I have horrible credit. I have about 60k in student loans that I'm really bad at paying. I'm not even sure of all my debt, between old credit card bills and medical debt. My credit report makes me cry. + +Is there some sort of financial planner I could hire to collect all my finances and give me advice on how to get out of this mess? I suffer from anxiety and depression and I get panicky just opening collection letters. I need help breaking this cycle. + +Please no judgement. I know I did this to myself, I don't need to hear that. I'm looking to make a change. +Let's talk about a time frame of 2-5 years. It's not so large, but also not so short. + +These are giants. The probability of them going down is practically zero. + +The only downside I can think of is that they're all tech sector, and I won't be diversified. But even if the tech sector drops, it should be back up in a relatively short amount of time. There is lots of intrinsic value here. + +What are your thoughts on this ? +So I am 24 got a new job that pays exceedingly well, I travel 90% of the time and get my lodging, car, gas, and food covered for me. I get paid biweekly and without OT my take home pay at the end of the month is around 5.5k. But I get paid in cash anywhere between 1-2k extra for meals (the daily food allowance Carrie’s depending where I am) and whatever I don’t spend I get to keep bringing me to 6-7.5k at the end of the month so long as I eat frugally. Now the first 3 months of my job tend to include a shit ton of overtime and it brings me to a total take home pay of around 7-10k after taxes. A far cry from the 1.7k a month I was making the year prior. + +To get into the caveats, work is at a on-call basis, I am contracted for two years, and can be fired any time with minimal warning. I get basic health benefits and that’s about it. I’m in high demand with average work time being around 6-8months out of the year for my peers but it’s not uncommon for us to go beyond that and work up to 50 weeks of the year. The first 30-45 days out are the most stressful 10-16hr days 7 days a week kind of work. But so long as I tucker through it I could pull 30k before taxes. After I am sent home I am eligible for unemployment which with California is around 450 a week for me. + +I currently have no debt I dropped out of college a few years ago to get work experience. I own my car my grandmother left for me. And I am currently living rent free at my grandfathers since work keeps me on the road so much I don’t have to pay rent. I only have to worry about my car insurance, food, gas, and small subscriptions I have. + +Now I live in Southern California so the cost of living is pretty high and I want to make sure I set myself up in the future to be financially stable for a long period of time. An in case I am let go without warning I have a nice safety net. I currently have 20k in cash saved and another 20k in stocks and crypto. But I never had this much money growing up so I have been quite impulsive wanting to spend it on things I’ve always wanted, nice dinners, fancy food, entertainment. Easily I have spent 5-8k since I started back in December last year. An I can see this being a problem and want to nip this in the bud. + +Tl;dr - I am 24 make good money for the first time in my life. Noticed lifestyle creep chipping away at my money. Job is contract basis 2 years with indefinite renewal. Have 20k cash saved and 20 in stocks/crypto. But I can be let go at any time. Need good strategy’s to build a sizable money reserve in case I’m not renewed or am let go suddenly. +As of yesterday I finally paid off my student loans in full. Yay! I've been throwing all my money at these loans for the last 5 years and it's finished.... and while I feel incredibly happy and relieved, I have a feeling of "now, what?" + +I'm focusing on building up my savings now that I have the means to do that. Once I have at least 6 months worth of living expenes saved up I want to start investing in my future but this is all new and I'm not sure what my best options are. + +I have no kids. I have no credit card debt. I don't own a home. I have a partner, but we are financially separate aside from our rent/utilities. I've increased my contributions to my retirement plan through my work to 10% of each pay check, but I'm not sure what else to do to build up my savings. I've been looking at CDs but not sure if that is the best? This is seriously a world I know nothing about. I've spent so many years just focusing everything on paying off my loans that this is a little overwhelming. Any and all advice is appreciated! Thanks! +Bitcoin just flipped Berkshire Hathway again in terms of market cap. + +[Market cap of BTC: $724Bn, Market cap of Berkshire \(BRK\) - $713 BN](https://preview.redd.it/ci0mvljks0x81.jpg?width=1420&format=pjpg&auto=webp&s=822c140c37a08d5b458a9ef427fb0602c8437bcb) + +Yet he wants to buy all of Bitcoin's supply for $25. Gotta admire a value investor who sticks to their principles. + +If he lives till 2085, there is a small possibility that a time machine gets invented and he can go back to 2009 and snap up a ton of BTC for $25. + +Source for Market cap charts: [https://companiesmarketcap.com/assets-by-market-cap/](https://companiesmarketcap.com/assets-by-market-cap/) + +PS: Recently Berkshire bought $50bn worth stocks.. and most of these stocks are of Oil and Gas companies like Chevron and Occidental. + +[https://www.marketwatch.com/story/warren-buffett-berkshire-quickly-bought-big-stake-in-occidental-petroleum-in-a-casino-market-2022-04-30](https://www.marketwatch.com/story/warren-buffett-berkshire-quickly-bought-big-stake-in-occidental-petroleum-in-a-casino-market-2022-04-30) + +[https://www.cnbc.com/2022/04/30/warren-buffett-significantly-increases-chevron-bet-now-in-berkshires-top-4-positions.html](https://www.cnbc.com/2022/04/30/warren-buffett-significantly-increases-chevron-bet-now-in-berkshires-top-4-positions.html) + +Its amusing how no one seems to blame him for these dirty investments, but are quick to point out how crypto and bitcoin is the worst things in the world, despite polluting just a fraction of what Chevron and Occidental do.. +https://preview.redd.it/vli0ofqwf6w71.jpg?width=3840&format=pjpg&auto=webp&s=2a704c47375637858c27216379ae8313dadf8be8 + +This could be a long read. Kindly bear with me. + +I write this primarily in response to the [TechSpot article](https://www.techspot.com/news/91937-bitcoin-largely-controlled-small-group-investors-miners-study.html) from yesterday (r/technology mods told me they only allow “*mainstream news articles with* *editorial oversight and fact-checking*” so I'm sharing this here). + +But I’d also like to take this opportunity to write about Bitcoin more broadly as someone who has been following it for more than a decade and I’ll try to do so without complicating the conversation for anyone unfamiliar with Bitcoin. + +The TechSpot article cites a non-peer-reviewed National Bureau of Economic Research (NBER) [working paper](https://www.nber.org/papers/w29396) from Igor Makarov and Antoinette Schoar. + +NBER claims to be non-partisan but it is a private NPO funded by the likes of [Bill Gates foundation](https://www.gatesfoundation.org/about/committed-grants/2019/11/inv003527). + +The chairman of NBER, Karen Horn, is a former president of the Federal Reserve Bank of Cleveland and Head of International Private Banking for Bankers Trust. + +The authors of this working paper, Igor Makarov and Antoinette Schoar are no experts in Bitcoin. + +Makarov is employed by Financial Markets Group (FMG), which focuses on policy research into financial markets and works alongside [banks and regulators in Europe](https://www.ecb.europa.eu/paym/digital_euro/html/index.en.html). + +Schoar is a professor at the MIT Sloan School of Management and co-chair of NBER Corporate Finance group, who has [previously made it clear ](https://bcf.princeton.edu/events/antoinette-schoar/)that she is no fan of Bitcoin with some pretty misguided takes on it. + +It’s critical to note that the data regarding miners cited in this study is from when mining was largely concentrated in China. This is [no longer the case](https://cbeci.org/mining_map). + +The paper claims the authors have “the ability to trace miners on the blockchain.” The tracking method shown in the paper is based on subjective, unverified “algorithm to track the distribution of mining rewards from the largest 20 mining pools to the miners that work for them.” + +The validity of this conjectural method of tracking was also subjectively verified before all mining operations migrated out of China to many different parts of the world. + +&#x200B; + +# Bitcoin distribution is not highly concentrated + +The first thing we need to acknowledge with Bitcoin is that it is still very much a nascent monetary system. It has come a long way in a short space of time but it’s only been around 13 years and only 3% of the world’s population currently use Bitcoin. + +It took the Internet 25 years to get to that point. So while adoption is certainly happening a lot quicker, we still have 97% of the world’s population to bring on board. Unlike the banking system, which has ostracized nearly half of the world’s adult population, Bitcoin can actually work for every person in the world, no matter who they are or where they come from. + +The top wallet addresses [here](https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html) do not belong to individuals. Almost all active addresses holding greater than 10 basis points of the total supply (greater than 0.1%) are addresses belonging to exchanges and custodial services holding custody of Bitcoin that belong to millions of individual users. Not all exchange addresses have been tagged by bitinfocharts. For instance, the third largest address, looking at activity and transaction patterns, [very likely belongs to Coinbase](https://bitinfocharts.com/bitcoin/block/707013/1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ). + +Now **you’re not supposed to be holding your Bitcoin in exchanges** as that defeats the whole point of Bitcoin, besides enabling rehypothecation, which can artificially inflate the supply, and other security risks, but a lot of people do since they’re new to Bitcoin, unfamiliar with the concept of self-custody, and inadequately appreciate the purpose and potential of Bitcoin. There are ongoing educational efforts to encourage people to take ownership of their Bitcoin. + +**Not your keys. Not your sats.** + +The wealth distribution is admittedly far from where it needs to be, but it’s heading in the right direction. As more and more users adopt Bitcoin, the Gini index improves markedly. The game theory embedded into the protocol ensures that it does over time. The article from TechSpot claims that 10,000 individuals control a third of the supply. This, even if we assume to be accurate at face value, is a vastly improved figure from only 2 years ago, when [less than 5000 wallets](https://imgur.com/aNP9Ew6) were estimated to own half the supply. + +On-chain analytics firm, Glassnode, [published](https://insights.glassnode.com/bitcoin-supply-distribution/) a finding earlier this year that ownership of Bitcoin is not highly concentrated and it naturally disperses over time. I’ll explain a little later in this article why that is the case. + +&#x200B; + +# Beyond the cryptocurrency + +Let’s try to first understand Bitcoin beyond the cryptocurrency, as a software protocol and what it represents for humanity. Sure, price speculation is fun but for me, it’s the least interesting aspect of Bitcoin. + +Bitcoin is open-source software collectively hosted by a pure P2P permissionless network of ∼ 60,000 nodes distributed across the world — by far the largest pure P2P network ever. Anyone in the world can propose changes to this software no matter who you are. There’s no central server or hierarchical structure to this network. You don’t need anyone’s permission to access the network. We don’t need to know who Satoshi was to trust the system because the code is open for every single human being in the world to read and scrutinize. Satoshi was simply the first, founding contributor to this open software. + +This is such a revolutionary egalitarian concept so far removed from all the corruption and iniquities that inhere within our extant hierarchical technology and monetary systems that a lot of people understandably find it difficult to grasp but this could fundamentally fix the world and make money and technology at large work for everyone without privileges. + +There’s a common misunderstanding that Bitcoin has great value because it was the first digital currency. This is untrue. There were several prior attempts — B-money, Bit gold and Hashcash the most prominent among them. Satoshi’s proof-of-work (PoW) algorithm solved a critical flaw in the use of blockchain as a public ledger known as [the Byzantine Generals Problem](https://river.com/learn/what-is-the-byzantine-generals-problem/) (BGP). + +Solving for BGP meant that we could have an open ledger network without a central server or middlemen where nobody had to trust anybody else for the system to work. Every node within the Bitcoin network is a server with a live copy of the ledger and each node is able to verify the authenticity of its copy of the ledger without having to trust any of the other nodes. + +The concept of blockchain predates Bitcoin by almost two decades. So the value was never in blockchain but the way Bitcoin was able to utilize blockchain as a trustless, permissionless, decentralized public ledger to democratically create, distribute and exchange value. + +On the face of it, it’s easy to mischaracterize Bitcoin as some kind of an investment scheme. It is absolutely not that ([The Newcoiner Dilemma](https://preview.redd.it/kngn40wr20d71.jpg?width=1080&format=pjpg&auto=webp&s=d3b134c484734a2b004220711e06767ce4d9aebe)). Who is to benefit from an investment scheme where nobody is in charge? + +Bitcoin is a complete revamp of our monetary system to make it work for everyone and more broadly, as a software protocol, Bitcoin has the potential to fix the Internet’s original sin — centralization at the hands of few privileged gatekeepers — and restore it to its originally intended form as a [decentralized P2P network protocol](https://preview.redd.it/5rc5zsks00d71.png?width=880&format=png&auto=webp&s=758cbf3af64ea5a1a1d4edcfe7235a9db9231c5c). + +A network protocol is only decentralized if any participant within the network is able to access and verify the truth (the state of the ledger) on their own in a very economical manner without requiring permission or trust. We’ve seen many predatory knock-offs since Bitcoin, which are little more than snake-oil marketing gimmicks with fundamentally flawed protocol designs and centralized node architectures. Cynical rent-seeking and exploitation just comes with the territory for any revolutionary technology. + +Permissioned, quasi-permissioned, DINO (decentralized in name only) blockchains are a waste of time. Blockchains are comparatively inefficient databases unless truly decentralized. What makes them special is the ability to individually host, validate and audit the ledger. + +Throughout Bitcoin’s history, Bitcoiners have staunchly defended the right of users of the network not to be priced out of running their own node, [most famously 4 years ago](https://www.amazon.com/Blocksize-War-controls-Bitcoins-protocol/dp/B08YQMC2WM) when **Bitcoin users stood firm in the face of pressure from miners and corporate interests to prove that it was the users who truly controlled Bitcoin, not miners and not wealthy investors**. + +Anyone can host their own [Bitcoin full node on a Raspberry Pi](https://preview.redd.it/1ohgb7ol00d71.png?width=829&format=png&auto=webp&s=be47cad6110b6147c8d55410b23bca8205cff9ec). This allows them to be an equal rights citizen within the network without delegating trust to a third party. If you cannot self-host a node on your own, you’re going from trusting bankers to trusting a random person on the internet. That doesn’t seem so revolutionary, does it? + +&#x200B; + +# How does such a network scale? + +Let’s take the Internet as an example. The IP suite is a software protocol like Bitcoin. It originally had a monolithic design until we figured out that it could not scale without [layered architecture](https://www.dcs.bbk.ac.uk/~ptw/teaching/IWT/transport-layer/tcp-ip-layers.jpg). Bitcoin has undertaken a similar multi-layered approach to scaling in recent years. + +Bitcoin’s base layer is the network layer protocol and the monetary settlement layer. Priorities for this layer are maximizing security and trust-minimization. Built on top of this is a payments layer called Lightning Network. + +Lightning Network is a decentralized layer-2 network protocol that uses a native smart contract scripting language to enable instant, almost feeless, global [Bitcoin payments](https://imgur.com/2zUCL2b). + +In Lightning Network, parties to a transaction are required only to have a sufficiently funded open channel active in the network. This is done through a single on-chain transaction. + +If there is a direct channel open between the parties, the transaction is routed directly and incurs [no fee](https://preview.redd.it/esqddcdq10d71.png?width=600&format=png&auto=webp&s=95c4cb49f6d3405594ee84a16c693b558daa0b18). Without a direct channel, the transaction is routed through routing nodes, incurring a small fee, typically no more than a few sats (fraction of a cent), paid to routing nodes hosted by users of the network. + +You can find a live node map for Lightning Network [here](https://explorer.acinq.co/). It’s pretty remarkable how far Lightning Network has come in only 3 years. + +With Lightning Network’s maturation as an infinitely scalable decentralized global payments network, Bitcoin is shifting focus to its next big milestone, Taproot, which is due to go live in mid-November at block height 709632. + +Taproot brings [a set of protocols](https://bitcoinops.org/en/preparing-for-taproot/) that enhance Bitcoin’s privacy, scalability and unlocks the path for seamless integration of application protocols on top of Bitcoin while also ensuring that users are still able to economically run their own Bitcoin full node. + +&#x200B; + +# Game Theory of Bitcoin + +Cypherpunks were pursuing the concept of Bitcoin, a decentralized P2P monetary system, for two decades. Satoshi completed the final, most important, piece of the jigsaw — solving the Byzantine Generals Problem to prevent double-spend. + +In doing so, Satoshi sought to address two fundamental flaws with fiat money, + +1- Centralized, focused issuance and control of money supply and monetary policy + +2- Trivial cost of issuance + +While issuance entails no cost, the money remains at the mercy of the basest of human qualities, self-seeking greed. All corruptive tendencies of fiat money are a direct consequence of the trivial cost to issue infinite money. + +Satoshi’s proof-of-work algorithm solved for these two flaws by implementing [an ingenious cost of issuance algorithm](https://imgur.com/eFwM54J) that keeps every actor honest and forever scales in proportion to Bitcoin’s value as a monetary network —the higher Bitcoin's value, the higher the cost of issuance. + +Proof-of-work requires those who acquire the new supply of coins (miners) to continually input real-world work for their rewards and cover recurring operational costs. The work ensures that those who receive the new supply of money cannot keep hoarding it for themselves. Miners are forced by the game theory embedded into the protocol to redistribute Bitcoin into the market. + +Any monetary system [where the creation of money entails no work and cost](https://www.amazon.com/Ethics-Money-Production-Guido-H%C3%BClsmann/dp/1933550090) would be [fiat 2.0](https://imgur.com/g2MVTAy) all over again, a system where wealth equals power, where [the rich forever get richer and the poor get poorer](https://www.nbcnews.com/news/world/world-s-richest-become-wealthier-during-covid-pandemic-inequality-grows-n1255506). + +In proof-of-work, wealth != power + +Miners input work and recurring costs to find blocks and receive compensation for their work but the blocks are validated by full node users, not miners. Full nodes enforce the rules — accept or reject blocks found by miners — and hold the power to keep miners honest. Every full node user has one vote. Proof-of-work admits of no corruption or privileges. + +A large portion of the world’s population is affected by either hyperinflation and/or lack of banking services (c. 4 billion people). Bitcoin allows them to connect to an open, permissionless network to generate, store and exchange value where nobody can stop them. The combination of proof-of-work and economical self-hosted nodes distributed all across the world is what ensures Bitcoin's antifragility, securing the network from [state attacks](https://www.benzinga.com/markets/cryptocurrency/21/10/23221016/edward-snowden-china-banning-bitcoin-just-made-it-stronger). + +&#x200B; + +# Bitcoin, a global leader in clean energy innovation + +20 years ago, [the Internet was boiling the oceans](https://www.forbes.com/forbes/1999/0531/6311070a.html?sh=54f838642580). Today, it’s Bitcoin. In 20 years, the next emerging technology. Energy, in manifold forms, has always been fundamental to human interaction and its impact, an ineluctable consequence of human evolution. + +Bitcoin is at once the most fundamentally important technological and monetary evolution for humanity. For the first time in human history, every human on earth can become financially sovereign, set free from the whims of other humans. + +Bitcoin is a huge net positive for humanity and [a global leader in renewable energy innovation](https://www.nasdaq.com/articles/how-large-scale-bitcoin-mining-is-driving-clean-energy-innovation-2021-01-06). The renewable energy share of the Bitcoin network is over 4 times that of the average grid. In 2020, renewable energy sources accounted for only about 12% of total U.S. energy consumption. [58% of global Bitcoin mining operations](https://imgur.com/98f7mSM) are powered by renewables. + +According to the Energy Information Administration (EIA), 66% of the primary energy used to create electricity is wasted by the time the electricity arrives at the customer meter. Bitcoin is able to [harness stranded/wasted energy](https://www.bloomberg.com/news/videos/2021-07-01/bitcoin-mining-with-stranded-energy-video), while also mitigating the climate effects of other industries [by capturing flared gas](https://markets.businessinsider.com/news/currencies/bitcoin-mining-flare-gas-btc-energy-crusoe-energy-coinbase-winklevoss-2021-6) that would otherwise be vented into the atmosphere contributing to climate change. Other industries find the cost of transporting energy prohibitive. + +We progress as a civilization, from Type 0 to Type 1, using more energy, not less. Bitcoin is critical to unlocking humanity's energy potential as it directly incentivizes R&D in sustainable energy—by subsidizing broader transition to renewables, tapping remote/stranded energy resources, mitigating CH4 emissions from O&G, stabilizing grids and accelerating humanity towards securing a clean, energy abundant future. + +&#x200B; + +# The quest for perfect money + +What's money? Anything that’s accepted as representing value by the parties to any transaction. It’s really that simple. Three thousand years ago, cowrie shells were used to represent value. We’ve had [various forms of money](https://www.pbs.org/wgbh/nova/article/history-money/) since but the quest remains the same. Humans have always sought money that can hold value over time until it was required to purchase other things that hold value to them — goods and services. + +If we look at money from this perspective, we could argue that money is technology but until now, we never had the technology to come up with a money that was able to fulfill all three functions of money — store of value (SoV), medium of exchange (MoE) and unit of account (UoA). + +Bitcoin is at once a good SoV (scarce and incorruptible), a good MoE (the payments layer — Lightning Network), and a good UoA (infinite divisibility and instant portability across the world). + +I view Bitcoin to be the culmination of humanity’s 7000-year technological quest to perfect the representation of value by truly democratizing its creation, distribution and exchange. Never before have we had a money with all the necessary properties of sound money. All previous forms of money had compromises. + +Scarce money has always been sound money but previous iterations of scarce money lacked the [other properties](https://preview.redd.it/t1azmamjn0u71.jpg?width=1280&format=pjpg&auto=webp&s=eeb96dbc2eb0e78bfaaca45fb2da5b10305848f1) required to be viable as MoE and UoA — fungible, readily portable, infinitely divisible, incorruptible, indestructible, provably finite and objectively verifiable. + +Bitcoin ticks all the boxes. It further adds a new dimension to money hitherto unimaginable, obviating the need for trust, eliminating counterparty risk without the burden, cost and attendant inefficiencies of involving trusted middlemen. + +&#x200B; + +# Fiat money is a pyramid scheme + +It would be remiss not to highlight at this time just how [inequitable](https://www.wtsp.com/article/news/nation-world/un-world-hunger-billionaires-elon-musk/67-329635e8-6602-4bd1-b607-781cfd9ba7e0) our current monetary system is and, something we don’t often speak of, the [jarring impact](https://i.imgur.com/kLSpP6B.jpeg) of inflation-driven compulsive consumerism on climate change. + +The current system of credit constantly incentivizes you through a myriad of machinations to keep spending money from tomorrow’s labor, but the new injection of money from your tomorrow’s labor ends up being concentrated at the top, with the ultimate consequence of inequitably diminishing your purchasing power and continually enriching those at the top of the pyramid. + +In short, money borrowed against your future labor ends up destroying your own purchasing power while the lender profits off your future labor, both in the form of interest and by being closer to the new money. It’s a double whammy. Fiat money post hoc undercuts the value of our work and time, except for the top 0.01%, some of whom [have seen their wealth grow almost 10-fold](https://inequality.org/great-divide/updates-billionaire-pandemic/) during a once-in-a-hundred-year global pandemic. + +In 1971, President Nixon canceled the convertibility of the US dollar to gold. The subsequent collapse of the Bretton Woods system gave central banks absolute monetary authority as the dollar was no longer required to be backed by gold reserves. + +Central banks’ newfound ability to continually manipulate supply, interest rates, and velocity of money has led to deleterious consequences. Perpetual expansion to spur illusory “economic growth” has sent deficits spiraling out of control and resulted in, inter alia, a vicious cycle of high inflation, recession as a consequence of efforts to mitigate the effects thereof and ever-increasing, now extreme, economic inequality. + +I’ll just leave it [here](https://imgur.com/a/4LlWaKy) as to the enduring effects of the Nixon shock. + +&#x200B; + +# Triffin paradox + +The Triffin paradox explains why any sovereign currency serving as a global reserve currency is unworkable — the state issuing the reserve currency is required to continually run up a deficit to meet the world’s demand for its currency. This creates a conflict of interest between domestic and international monetary policies, which becomes untenable in the long run, leading to the collapse of the system. The [average lifespan for reserve currencies](https://preview.redd.it/raj2vtkxn0u71.png?width=2000&format=png&auto=webp&s=7bf93b12c22fda167d3108814d0a6b2b3fef5740) is 95 years. + +Bitcoin is the only monetary system in history that has the properties to last forever, for, unlike all previous monetary systems, it doesn’t derive value from the authority or wealth of the issuer, which is fleeting, but a timeless universal constant — hard-coded mathematics. + +&#x200B; + +# Closing thoughts + +I’d like to earnestly urge everyone to read mainstream articles about Bitcoin through a lens of scrutiny as to the interests of those who own these organizations. There’s an ongoing campaign to poison the well with blatant disinformation while simultaneously accumulating Bitcoin for themselves. + +When you really burrow down the Bitcoin rabbit hole, you come to realize that Bitcoin is quite the culture shock, a monetary paradigm shift irreconcilable with the status quo sustained by immoderate expansion normalized through generational indoctrination of the rationally vulnerable to acquiesce to furtive post hoc theft of the value of their work and time, especially in the last 50 years post-Nixon shock. + +Mainstream media organizations are owned by the banking establishment and beneficiaries of the fiat pyramid scheme [who stand to lose a lot of power](https://preview.redd.it/r5jquqfi31u71.png?width=1065&format=png&auto=webp&s=68019bec64e17df45ef3f72c5e7c1d8e3b167e2e) if 8 billion people were to understand [the peaceful revolution](https://imgur.com/Y2rhS0w) that is Bitcoin. + +There are no C-suites, marketing/PR teams in Bitcoin to manipulate public opinion or issue any official statements in rebuttal to intellectually dishonest journalism. Bitcoin keeps plowing along honestly, paying no mind to assorted naysayers motivated by self-interest seeking to further various agendas. + +Tick.. tock.. next block.. + +&#x200B; + +https://i.redd.it/86izkxf9g6w71.gif + +&#x200B; + +I hope the irony of an organization chaired by a former Federal Reserve president decrying the concentration of wealth in Bitcoin while we do not have the ability to peer into an open ledger to scrutinize the concentration of wealth and the transactions of bankers in the fiat monetary system is not lost on anyone. + +[Bitcoin fixes this](https://preview.redd.it/vso2ik42c8w71.jpg?width=800&format=pjpg&auto=webp&s=b6d9f0f42d11e9d3a64eec3fd3ae17d8c803948a) +I know time in the market beats timing the market, but I’m too scared to pull the trigger on my savings right now. + +I feel like poorly-planned US diplomacy and the Chinese regime in general is bound to cause conflict and economic disruption. I want to invest in both markets but I can’t imagine them seeing eye-to-eye any time soon. How do I overcome this? + +I’m terrified, but every day I wait is another day I’m out of the market. +http://www.economist.com/node/242138 + +Well worth a read in my opinion. Literally every moral hazard and risk laid out in the article from 1999 are being repeated again by the Federal Reserve. You will read it and think they are describing current conditions. +Look, i get it, these are unpredictable times, but im in Fast 5 and Dollar Ace for paying $1,700, money that i could put into my account and go from there, but no, i decide to buy his service to have him as a mentor, once ure enrolled, all he does is promote his other services (which btw, he has like 10) i guess dividing his attention among 10 services is too much to handle cuz he’s been losing a lot of trades, and therefore we lose as well, his mentorship is useless... he sends u alerts once the price has already gone up, also looks like he’s failing soooo much that he decided to give his “scanner” so people can see the alerts and decide on which trade to jump in, the ones they win he’s gonna brag about, and the (many) ones they lose, that’ll be on them... Super Disappointed... dont waste ur money, they stay profitable cuz they already have tons of money... and i they know a little, and theyre hella lucky, but they wont help u grow ur account... +Any reason why I shouldn't DCA until the end of the year with about $300 - 500 /week into JEPI vs SCHD? The monthly dividend and lower price per share seems way more advantageous. Am I missing something? +Intellectual Property +>Dean Baker tells the dirty secret of the great billionaires of the modern age: they wouldn’t exist without intellectual property (IP), that is the copyright and patent monopolies guaranteed to private actors by the government. + +>IP laws have been expanded and strengthened in recent years, making patent & copyright monopolies longer and stronger and enabling the vast fortunes of billionaires in computers, software, pharmaceuticals, medical equipment etc. Baker diagnoses the role of intellectual property (IP) in the accumulation of wealth for pharmaceutical companies and how that translates to excessively high drug prices, and wasteful spending on marketing and lawsuits. IP laws were intended to subsidize innovation for social benefit, but they have been transformed into tools to accumulate and protect enormous private wealth. The modern protections of IP have become excessive and may not be the most fruitful producer of research and development beneficial for society. + +>What's the fix? Dean’s proposals include direct public funding of open research & development, rather than rely on IP alone, which will allow the development of generics. He proposes the introduction of a Copyright Tax Credit to support innovation and creative work as a temporary alternative to copyright. Meaning creators and artists could sign for a tax credit to fund their projects but forego copyright for a set number of years. + +Unemployment +>Dr. Baker explains how the employment rate in the economy is a matter of the government's fiscal and monetary policy. Baker contrasts the macroeconomic insights of John Maynard Keynes vs. the more recent views of Milton Friedman when it comes to government spending, unemployment, and inflation. Baker goes on analyze the Federal Reserve's role with particular attention to the decision of recent board chairs (Volker, Greenspan, Bernanke, Yellen, and Powell) on setting interest rates (federal funds rate) and the policy goals they have targeted. + +>Baker explains how fiscal and monetary policy has lately focused more on limiting budget deficits and fighting inflation, rather than maintaining high levels of employment. Abandonment of post-war Keynesian full employment policy, and embrace of the Monetarist NAIRU fiction since 1980, has allowed the US government (and the Federal Reserve in particular) to engineer recessions and tolerate excessively high levels of unemployment. + +>What's the fix? Dean proposes to restore full employment as a macroeconomic policy goal and ensure that workers at the middle and bottom of the wage ladder have the bargaining power to secure wage gains. The Federal Reserves should be focused on maintaining full employment, rather than being obsessed with inflation and prematurely raising rates to the detriment of employment and labor markets. + +CEO pay +>Dean Baker explains how CEO pay has increased enormously over the past four decades while shareholder returns have remained low. Weak corporate governance has allowed management to 'capture' corporate boards – and push through massive executive pay increases. + +>Baker shows how in many cases their compensation has nothing to do with the return to shareholders. Baker breaks down the CEO pay scam into four parts: patterns of CEO pay, the alternative argument for CEO pay, evidence that CEOs are overpaid, and why it matters. He asks the simple question of what is the CEO-to-worker compensation ratio, why is it so high, and is a fair market or highway robbery? While providing a brief explanation of why CEO pay increases may be justified, he provides evidence CEOs do not earn their pay. Special emphasis is on the CEO and shareholder relationship and the lack of consequences for famous CEOs like Robert Nardelli, John Stumpf, Dennis Muilenburg. + +>Finally, Baker prescribes fixes to CEO pay such as using a "say on pay" legislation, giving minority shareholders more of a say, mutual fund proxy votes, and higher marginal tax rates. + +Finance +>The financial sector produces a lot of wealth... and waste. Dean Baker explains why it's bloated and broken. + +>Since the 1980s, the financial sector has been permitted to expand greatly, with deregulation and practically no taxes. This was all done in the hope of improving efficiency in the allocation of capital and the economy overall. But Dr. Baker shows that while the financial sector has grown, it has not fulfilled its promise - it has not improved productivity, it ties up and wastes a lot of resources, it produces periodic socially devastating crises and relies on government to bail out its poor decisions, it has generated vast individual fortunes at the top unjustified by its returns. + +>What's the fix? Dr. Baker recommends a financial transaction tax (FTT) to curb its reckless growth, improved competition in financial services, including government-provided retirement and bank accounts, better regulation of financial products, and ending the favorable tax treatment of hedge funds and private equity. + +Employment +>Competition isn't for everyone. The salaries of high-end professionals are often artificially protected by public policy, without benefit to the public. + +>Over the past forty years, US trade deals have been negotiated to expose manufacturing workers to international competition and put downward pressure on their wages, while protecting high end professionals from both domestic and foreign competition. This has increased wage disparity and inequality between low and highly educated workers in the US. + +>Dr. Baker compares the salaries for high end professionals (physicians, lawyers, dentists, etc.) on the income distribution. Barriers to entry like licensing regulations have been put in place to protect high-earning medical practitioners from both domestic and foreign competition. Insurance regulations allow specialists to set their own compensation. Lawyer incomes benefit from unnecessary complexity in legal processes, tax codes and intellectual property laws. These are all state policies that have protected the earnings of highly educated professionals. + +>By contrast, manufacturing jobs have declined in the US, and there has been downward pressure on the wages of less-educated workers. Much of it is due to the increased competition brought about by foreign trade deals negotiated over the past few decades. This was a conscious policy choice. The absolute decline in incomes in low-wage sectors was already predicted by the famous Stolper-Samuelson theorem in international trade theory. + +Inequality +>Dean Baker revisits the major policy implications of the series. + +>To Unf★ck America we need to lower the age for Medicare and expand Medicaid, add a public option to buy in, shrink the role of patents to bring competition back to the marketplace, and strengthen price controls on patented drugs. He also suggests policies at the state and local level like increasing minimum wage, providing unemployment insurance, creative work tax credits, and to increase corporate tax rates. He also urges more democratic decision making in private institutions. Finally, think like a Republican, but not in the way you think! + +>We need to fight strategically, and with full force, for an economy that works for everyone. Not just the rich. +So I'm 20yo and earning money through freelancing. But there's one thing I'm worried about. I'm earning and spending and earning and spending nothing else. I don't think life will stay easy like this forever. So I was hoping I could invest money for my future self. I want to learn about stock market, trading and investing money but I have no idea where to start. Thanks you for helping me +Currently have 11L in savings (including FDs and mutual funds) and I have ro furnish approx 14 L in order to get my student visa (tuition + GIC). + +In order to get a loan, I will have to have 2 co-applicants to show their ITRs of at least 2 years. + +The problem is that my parents (now retired) worked in the gulf so they never filed ITRs before. We don't have property to show but we do have other assets. + +Is it possible to get a education loan just by showing money in bank (FDs, MFs) etc? +Not associated with the company but I use this portal and I really like it. Got a mail from them today saying they have gone completely FREE for DIRECT investments, for any type of investment (one-time, additional or SIP). Kudos to Clearfunds and hope they keep up with this good customer service even after going free. + +Source: https://www.clearfunds.com/pricing +Long-time lurker, first time poster. Glad to be a part of this community. + +A domestic help has been working in our house for a few years now. She’s a great fit for the household and we’re now ready to contribute towards increased financial security for their family. + +- We have given her a raise this month. +- We frequently donate old clothes to her and she/ her family use those a lot. +- We donated old furniture to her family. +- We give her a small bonus 3-4 times a year for various festive occasions. +- We also paid for vaccinations for her family. + +I’m looking for suggestions to help her avoid financial catastrophes without saddling her with something she can’t pay if she decides to stop working with us. Private health insurance costs about 10-20k per year for 10 lakhs sum assured. I doubt if she’d be able to afford that if we don’t finance it. + +Her husband is an auto-rickshaw driver and we’re in a tier 1 city. She has two teenaged kids. + +I’m thinking about term insurance, health insurance, some kind of emergency funds/PPF etc. What do you guys suggest? +People on this sub do not like Zerodha Coin as it holds the MFs in the demat mode. What is the disadvantage of this mode? How do other brokers hold the MFs? Is that in the "mat" mode? +This is an article that was shared with me. I don't know enough to know how good or accurate it is. I don't know of the author's credentials either. But I thought it might be of interest to others here, that's why I'm sharing. There are some references to comments made on this sub as well. + +[https://nakedbeta.com/mutual-funds/the-fundsindia-saga-is-just-a-sign-of-things-to-come-indian-mutual-fund-platforms-are-in-trouble/](https://nakedbeta.com/mutual-funds/the-fundsindia-saga-is-just-a-sign-of-things-to-come-indian-mutual-fund-platforms-are-in-trouble/) +Of late, we've started seeing more personal finance queries and discussions on this sub, than investment related discussion. + +Especially credit cards. While they are sometimes necessary in our day-to-day lives, they are not investible assets. Spending money via credit cards is not the same as investing, and we don't want first-time investors to get the impression that without a credit card, they are not serious investors. Top posts around credit cards ideally have to be in the context of an investment framework; like discussions on credit utilization limit, or impact on savings rate, and have to be for the general investing populace. If your question is about choosing a card to pay for a service, and it doesn't affect the rest of your investing decisions, it is most likely not suitable as a top post for discussion. + +That said, there is a place for asking those questions. + +**All personal finance queries are to be asked in the bi-weekly advice thread. You can expect the queries in the bi-weekly advice thread to not be removed by mods. For the most part, assume that mods are overseeing the bi-weekly advice thread for quality of responses.** + +You can ask personal finance queries in that thread, like which credit card to use, for paying rent (this post was just removed). If you don't get an answer to your question in the advice thread, try reposting - it may not have been seen by enough people, or not many are inclined to answer that question. Nevertheless, there are other options, like [our Discord chat server](https://discord.gg/qJ6vhTX), which is more liberal and has a separate channel for personal finance. + +If you still believe there are ways to discuss personal finance (not company or country finances) in this sub, like dedicated threads for the same, share them below. The goal of this sub is to make all of us better investors. While we cannot ignore the habits of spending and saving, they come before the investing habit, and we need to find acceptable ground for discussing personal finance on this sub. Discuss. We want to hear your opinions. +ITC has not given any returns to investors in the last 5 years while the Nifty has gained 27% what do you guys think about the future of ITC? Do you feel one must remain invested or move to another FMCG like HUL or Dabur which has delivered much better returns? +One of the common trend I see in active vs passive fund analysis is that the active MFs are always considered against the benchmark indices and a case is made that active Funds are not able to beat the benchmark. Which is true but why are active mutual fund returns are compared with TRI and not index fund returns themselves? This is based on the fact that index fund returns will be lower after deducting for TER and tracking error. + +Also, since index fund investment recommendation is limited only to N50 and NN50 index funds, why are we not comparing active mutual fund returns, in any category (large, large & midcap, midcap, small cap) against the returns of these two funds? +With all the talk of an impending US recession and GDP growth slowing down even further, why does the market seem to be happy ? + +The Finance minister has already mentioned that income tax will not be cut in the near future, yet the market seems fine. Any inputs ? +In my understanding it's just the price of underlying stocks. I'm a noob. Maybe the question doesn't make any sense. Any info will be useful to understand the basics. Thanks. +This is an article that was shared with me. I don't know enough to know how good or accurate it is. I don't know of the author's credentials either. But I thought it might be of interest to others here, that's why I'm sharing. There are some references to comments made on this sub as well. + +[https://nakedbeta.com/mutual-funds/the-fundsindia-saga-is-just-a-sign-of-things-to-come-indian-mutual-fund-platforms-are-in-trouble/](https://nakedbeta.com/mutual-funds/the-fundsindia-saga-is-just-a-sign-of-things-to-come-indian-mutual-fund-platforms-are-in-trouble/) +Followup from [yesterday](https://www.reddit.com/r/personalfinance/comments/51lcoq/so_tell_me_about_credit_cards_already/), here are some more things to know about credit cards, beyond credit and interest rate. + +1. Banks [make money](https://www.nerdwallet.com/blog/credit-cards/credit-card-companies-money/) from you on interest and fees, including late fees and annual fees. You can control those; you don't have to pay any interest or fees unless you do something you agreed to. They make money from merchants on interchange fees of 2 to 4 percent. Merchants do not usually charge more for credit transactions, though [they could](https://www.cardfellow.com/charging-customers-a-credit-card-convenience-fee-at-check-out/) +in some cases. [Interchange fees are higher](http://www.fool.com/investing/general/2015/10/11/how-american-express-visa-and-mastercard-set-merch.aspx) if the card is not physically present, if you are getting rewards, and on American Express transactions. + +2. Your ongoing rewards come from these interchange fees. Initial spending bonuses come from the bank as a marketing cost. You can choose [different types](http://www.creditcards.com/credit-card-news/help/types-of-credit-cards-6000.php) of rewards: cash, miles, or points that turn into cash or miles. You have to decide which you want, there's no universally best choice. (Asking someone else what is the best card for you is generally futile, since they won't know what works best for you.) Cash is, well, cash. Miles/ points can be worth [more than cash](http://viewfromthewing.boardingarea.com/2016/01/19/value-of-miles/), but only if you would spend them anyway. The best initial spending bonuses will be miles / points. If you don't mind the impact of getting additional cards and can meet the spending targets, the best rewards percentages come from collecting initial spending bonuses; these can be 10% or more of that initial spending. + +3. The very best initial spending bonuses come from cards with annual fees; you have to factor that into the equation, but you still can come out ahead in the same 10% range on initial spend, especially if fees are waived first year. +You may not want to keep paying annual fees, though, so this is where a [product change](http://creditcardforum.com/blog/credit-card-downgrades-and-product-changes/) comes in. Before the fee comes due, you can ask to switch to a card with no annual fee, but keep the same card number, credit limit and history. You don't get an initial spending bonus with the new product, but you would get other benefits. + +4. Ask for what you want; some things are negotiable. You can sometimes get fees like annual fees or late fees + [waived](https://www.nerdwallet.com/blog/credit-cards/how-to-get-credit-card-fees-waived-strategies/) as a courtesy if you are otherwise a good customer and they want to retain your busines. You can almost always get the [statement billing / due dates changed](http://www.creditcards.com/credit-card-news/how-to-change-your-credit-card-bill-due-date-1267.php) to something that works better for you, just by asking. + +5. Let's look at some other things you can get with credit cards. My Chase Sapphire Preferred card provides [these](http://thepointsguy.com/2015/08/lesser-known-sapphire-benefits/), described in a 47 page +booklet full of small print covering details: a) car rental collision damage waiver, as primary coverage; I can decline the car rental company "insurance" without concern; b) various types of purchase protections, including extended warranty coverage, price protection, and return protection; c) trip cancellation / interruption insurance, due to e.g. accident/sickness, severe weather, or travel company bankruptcy; d) lost luggage, trip delay and travel accident benefits. e) This card also provides no fees on transactions in foreign currencies. Credit cards provide better exchange rates than cash / ATMs. + +6. We alluded to [consumer legal protections](http://www.creditcards.com/credit-card-news/5-key-laws-protect-credit-cardholders-1377.php) previously. The two cases that are most important to you are: 1) if a card is lost or stolen (or, the number breached in any other way, even if the card is not physically involved...), your liability is [legally limited](http://www.creditcards.com/credit-card-news/zero-liability-fraudulent-charges-1282.php) to $50, and in practice, is usually zero. You do not have to pay for charges you did not authorize. Note that in this case, you card will be cancelled and re-issued with a new number, but the same credit limit and history. 2) if a merchant charges you something you disagree with, e.g. overcharge or defective product, you have the right to contest the charge, and the amount in question will be excluded from your bill until the dispute is finalized. Debit cards do not have to offer these same protections; for example, lost debit card liability can exceed $50 if not reported in 48 hours, and banks do not need to reverse debit card charges during disputes. + +7. Balance transfers can be helpful if you transfer to a 0% promotional rate card, but watch out for [fees](https://www.nerdwallet.com/blog/credit-cards/balance-transfer-3/). You may be charged one-time interest of 3% or so. Cards from banks like Citibank allow you to [transfer balances from student loans and car loans](https://www.nerdwallet.com/blog/top-credit-cards/nerdwallets-best-balance-transfer-credit-cards/), too. Don't get carried away though, since the term of these loans is very limited, and then interest goes up substantially. Be sure to read the fine print in your credit card disclosure about how balance transfers and new charges interact in terms of how payments are applied, too. + +8. Cash advances from credit cards are [never a good idea](http://www.creditcards.com/credit-card-news/cash_advances-cost-rates-1276.php). Your credit card is not an ATM card. This also applies to so-called "convenience checks." You are typically charged a one-time fee of a few percent, have a higher interest rate, and, most importantly, you get no grace period on these transactions. Just say no. + +9. If you have self-employment income, you can apply for a [small business card](https://www.creditkarma.com/article/reasons-to-get-separate-card-for-business-81215). +This allows you to keep business expenses distinct from personal expenses, which can be helpful at tax time. Some small business cards also [do not report against consumer credit bureaus](https://www.nerdwallet.com/blog/credit-cards/qa-business-credit-cards-affect-personal-credit-score/), which may be a help if you want to minimize the impact of business utilization on your personal credit score. (But you could not use this to help your consumer credit history.) + +10. Final plug for being responsible. Only use a credit card as you would use an old-school charge card, where you pay off the balance in full each month. We've already explained that paying the minimum only is a disaster, but then that's exceeded if you become 60 days late on payments, which will invoke not only late fees, but also [penalty interest](http://blog.credit.com/2014/03/penalty-apr-on-my-credit-card-78900/) of 30% for at least six month. This can also result in increased interest rates on cards that you are not late on! + +Bought a fancy truck a couple years ago that I don’t need. Started a business this year and money has been tighter than usual. Have about 7,000 in credit card debt and $8,000 delegated to my business etc. Will have no mortgage payment to worry about in about 2 months. Business overhead about 2,000 a month. Expenses paid for for the next 3 months for business. Broke even month 1, already broke even 2 weeks in to month 2. + +Hoping to get $27,000 out of my truck. I drive a lot for work and it just doesn’t make sense holding on to it just to “keep up with the joneses”. + +Thinking about buying a reliable Camry for maybe 13-15k. What do you guys think? + +UPDATE - Thank you everyone for your insight. Was not expecting so much traction. Truck is worth 22,000 to Carmax - due to some cosmetic and structural problems. Can get a 2014-2015 Camry for around 11-12.5k. The question now is - should I pay the Camry off in full? OR put say $8,000 down - then freeing up roughly $14,000 cash instead of $10,000? Using $4,000 on current credit card debt, $10,000 for business on top of additional income and savings. Car note 100-150 a month +Backstory: Wife went to ER for my son in 2018. Put my name as the responsible party, her address, and her insurance. Of course, I'm not a customer with that insurance company so it defaults. I've never received bills in the mail or anything. Fast forward to April and I'm in collections + +Had an account go into collections. I call the originator and they agreed that she should've been the responsible party. I fax over divorce decree and they delete me from their system. Cool + +Call the debt collector and explain the same thing and that the originator removed me etc etc. They say it doesn't matter because we are both the parents even if we divorced. + +I have non-emergency funds to pay the debt ($2k) just to get rid of the headache. Suggestions or advice? +**What is APOLLO?** + +Apollo is a high-growth alternative asset manager. + +Our asset management business provides companies with innovative capital solutions and support to fund their growth and build stronger businesses. Our retirement services business, [**Athene**](https://www.athene.com/), provides a suite of retirement savings products to help clients achieve financial security. + +[https://www.apollo.com/](https://www.apollo.com/) + +https://preview.redd.it/pzaljctnh6j81.png?width=932&format=png&auto=webp&s=bef2f634cf4daa06e1928b2c9a568165a9ecec1c + +**Who Owns APOLLO?** + +https://preview.redd.it/qpsdxipth6j81.png?width=1402&format=png&auto=webp&s=0b8285f949e427e54a26afbab0a51b17b61d5ddc + +**LEON BLACK...** + +[Leon, Looks exactly like Ken here...](https://preview.redd.it/rpvq68uzh6j81.png?width=516&format=png&auto=webp&s=533a79ef8abd33cd07114db404bbe437b7167f1f) + +**Who Owns Yahoo Finance?** + +[https:\/\/www.nbcnews.com\/business\/business-news\/verizon-sells-yahoo-aol-businesses-apollo-5-billion-n1266132](https://preview.redd.it/guwzoyjbi6j81.png?width=582&format=png&auto=webp&s=a2e69ea63c20d44160b2b1444e3c47b0c406aced) + +Appollo paid $5BN for Yahoo Finance around May of 2021.... shortly after the baby sneeze and when the FUD really started.... **Did they Acquire Yahoo shortly after they removed the buy button as they knew a heavy market manipulation was needed to get apes off GME** + +https://preview.redd.it/q6ma8mnti6j81.png?width=700&format=png&auto=webp&s=6c59abdded0b71ffe12acce7d70e11e0a4953bb4 + +https://preview.redd.it/81xckla0j6j81.png?width=694&format=png&auto=webp&s=c5d9acd60151a19d486547c736b63717b3b07e07 + +https://preview.redd.it/v7ov72o5j6j81.png?width=696&format=png&auto=webp&s=0b4ce0e6351bd12a95795e5078107ded14e1c2ec + +https://preview.redd.it/i9sf4sl9j6j81.png?width=536&format=png&auto=webp&s=c42201b880e1ff8809eaa30eb248215f36e59287 + +&#x200B; + +**TL:DR = This is Speculation of mine - I Believe, that "Appollo" uses their "Private Company" set up... to push major FUD thru Yahoo Finance for shorts and co. Appollo is a big player the GME saga on the Short Side...** +I have been reticent to write this post, because my path is not something that can be duplicated by most people. But it certainly has to do with FI and we have seen quite a variety of FI-stories here, so I thought I should give it a shot. + +PERSONAL AND FAMILY BACKGROUND + +My father worked as a school teacher and purchased forest land as a side hustle. He worked as a teacher in the weeks, did manual labour in his forest in weekends. I helped him when I could, especially before starting at university. I was always explicitly treated as an idiot by extended family (not by my close family, but the extended family is quite important for us), which perhaps is reasonable as I am a very limited person and probably presents as an imbecile in many contexts. I was, however, pretty good at maths a kid and I became an engineer. + +Immediately after graduation (Master of science) I moved to work in a research lab in a different country. I worked there for many years. Because of my limitations I never even started a PhD, which would have been the normal thing to do, but I just realized my limitation and didn't do it. I published thirty papers and a few less important patents during that period. During that time I married and got two kids and also started to do some consulting for a company on a extremely narrow technical concept. Extremely narrow technical concepts is really my thing, so eventually I left uni, moved back to Sweden and did full time consulting on my extremely narrow topic. I am probably the only person in the world who does this thing full time. + +At this point my father thought it was time for me to take over the forest, as I am the only child. Which I did a few years ago (my father is still alive). I am not an employee, I run a private business where my income has two sources, the forest business and my consulting business. The important thing to realize about owning forest in Sweden is that: (1) it is very common to privately own forest and engage in forestry on you own land while having a normal job. I say this because I know that outside of Sweden and Finland this is not often the case. (2) yield is very low. The price of forest land has increased \*much\* faster than the income per hectare. Today an annual 2% yield on the possible sales price is pretty good. Because of the age structure of my forest I think I have about a ten year window (2017 to 2027) where I can be above those 2%, perhaps at 3% or so if things go really well. After that it should be lower, unless the market changes a lot. + +ASSETS + +* 230 hectares (568 acres) of well managed forest. If NW is to be counted by potential sales value it contributes 2.3 to 2.8m$ to NW. +* Stock portfolio: 90k$. +* Cash: 105k$ (Yeah, I know) +* Money bound up in the regional forest cooperative: 140k$. (This position has historically had a very good yield of 10 to 15% or so. The yield is tied to the economical success of the cooperative, which is a major industrial player in Sweden. Compared to the normal yield of forestry this is of course very attractive, so I have tried to grow this position. How this works is much too complicated for this post, though. However, the yield from this account is counted as +* My equity of the small house my family lives in: 80k$. +* My portion of the mortgage: 90k$ + +Calculated like this my NW would be 2.625m to 3.125m + +INCOME AND SAVINGS + +Since Swedish taxes are very high and structured very differently than in e.g. US I will only give approximate post tax numbers here. But just to give a hint, since I am not an employee, but have my own company I normally would need to pay 50% to 70% tax depending on income level. There are some tax breaks due to owning the forest, so in practice and with a lot of (very legal) planning I pay perhaps 45%. + +* Engineering income: about 43k$ annual post tax. +* Forest income varies wildly and taxes has a very big impact, but approximately 30k$ per year post tax. It might be lower in the future. + +I don't do detailed budgeting but my annual private spend right now seems to be about 25k$. Which is more than it needs to be or should be. Since I have earned more the last few years there has been a lot of creep. I used to live much cheaper. + +MY FI HOPES + +The way I have always looked at my economy is that I always want to earn or be able to sustainably withdraw at least about double of what I spend. That is very much a lower limit, though. Right now I still see myself in the accrual phase and I should do much better than double. + +My simplified view on my income is that my engineering gig is aproximately double my expenses (not exactly true right now) and the forest income is about 1x my expenses. Forest income might be slightly higher than expenses right now, but it might not stay there long term. + +My goal over the last few years has been to be able to stop my engineering gig (because I am dying inside) and replace it with a 4 or 5% (theoretical) withdrawal from a stock market portfolio that would equal my expenses. At 4% and 25k expenses that would be a portfolio of 625k. At that point I would have an income stream of 25 to 30k from the forest and a latent income stream of 25k at a 4% withdrawal from the stock market portfolio. If I only consume half of that I could continue investing half as long as status quo held steady. It would be safe enough for me. At that point I would not see myself to be in the accrual phase any longer. I just need to have a sustainable potential income of double my spend not to collapse from stress (yes, this is necessary). + +SELLING FOREST + +Now, the elephant in the room is obviously that the stock market portfolio at 4% withdrawal and a capital basis of 525k gives 25k, while the forest with a capital basis of almost 3m gives about the same. I had a rational and emotion-free relationship with my forest selling would be smart. Alas, I have very strong emotional bond to the forest, so selling is not possible barring some extreme tragedy. This is just how it is. + +Furthermore, I have an extreme yearning for my neighbours forest. So if I get the opportunity I might very well buy more land, which would sabotage my plans. I am not sure how to think about this. Perhaps it is a bit of an illness. + +INSIGHTS WHILE WRITING THIS + +1. My annual spend is higher than I imagined. I will try to cut costs back to 17k, which I think is a more reasonable level for this stage of my life. +2. I spend much time (too much) thinking about stocks and the stock market. In spite of this my stock portfolio is a tiny portion of my NW. This is clearly a failure. Currently I have automatic investment policy of $2800 per month into stock funds. Then I invest around $500 to $1000 manually with stock picking per month. Because of my large cash position I could do more, but with the stock market being so highly valuated I don't dare. + +Also, when i say that I have 'limitations' it means that I am autistic and have immense problems with communication as well as with daily routines. I will never be able to work in an office setting again in my life. For the last several years it has been possible for me to work from home, which has been great. If that stopped being a possibility I would probably have to stop working. + +EDIT: + +1. My expenses corresponds to half of the expenses of a family of four. My wife earns about $45k annually post tax. We split expenses more or less in half. +2. Thanks for all the great responses to my post! +Anyone got an idea as to why? I just picked some up with the thought any Iv run up will buff the penny price and make it worth money. +This is right after powers announcements. Since it’s a new strike block and only for a day, makes it seem like market makers or big players are expecting a drop off the face of the planet. +So my research tells me your annual leave is accumulated throughout the year. Where I am from you usually start each year with your entitlement and deduct from there. +The role I am taking is relatively senior, is it common to negotiate for leave balances to be readily available on start date? I am yet to get to that part of the conversation. Or would it be more common to negotiate for a higher rate of leave accrual? i.e. accrue 5 weeks over 4 weeks or something. + + +Thanks! +My wife received a shipment of dog food today from chewy.com. We don't have a dog or an account with the company. I called them and they said the order was placed through a customer account from a different state and it isn't under my wife's name. He said the payment was made using that customer's on file payment method. They couldn't give us any additional information about the other customer. + +I double checked all our bank accounts/credit cards, and we have no charges related to this. Even the rep said this was weird and they didn't understand what the scam would be. I'm just concerned about someone out there using my wife's names and our address for stuff. Is this just a totally random occurrence or is there any cause for concern? Any action on my part? Also, does anyone want some dog food? + +Edit: Damn, you folks sure love a good scam mystery. Thanks for all the advice. I've had several folks comment here saying that they have also recently been on one end of this "scam" through chewy. Maybe signs that they have had a security breach? All of my credit reports are frozen. The dog food is being donated to a local shelter. +Can anyone please outline why all of the biggest mining companies have such low valuations and high dividends? Sorry I know these aren't Canadian stocks, but I'm genuinely curious what people think, since there's a lot of talk about commodity boom fueled by ESG, electric vehicles, etc. + +For example: BHP has PE of 7.6 and div yield of 13.8%, Rio has PE of 4.4 and yield of 13.8%, and Vale has PE of 3 and yield 17.8%. +New to investing (25), TFSA started in late FEB 2021 and this was my first time deciding to sell some of my stocks at a loss. + +While It was a relatively small investment (about 3% of my portfolio). I decided to sell two of my clean energy stocks in my portfolio at a loss and reinvest it. I was down 9 Percent on BEPC and down 4 percent on XBC. + +With this money, I increased my holdings in AQN and start a position in ZCLN (BMO Clean Energy ETF) + +I got caught into the clean energy hype and didn't do my DD. I know it could have been a good long term hold but BEPC has been by far my worst performing holding and I feel this money could do better elsewhere in AQN and ZCLN. I also did this in a bid to consolidate my investments into less stocks, and move more into ETF's. + +What do you think of my move? + +Edit: TFSA Account +Divorced about 1 year, sole custody...drive to work is 52 miles each way. Car had 381000 miles on it. A/C broke and timing belt goes...so I purchased a new car...5 months later I have a new job that gives me a car...money is tight.. so I would like to go back in time and avoid high car payment... if I trade it in now I'm upside down $5000. Any suggestions to a smaller car payment? Looking for a view I have not considered +The World Cryptocurrency Economic Forum held a hackathon and conference in the Bay Area back in January. Propy, a cryptocurrency real estate company was the title sponsor for the hackathon and planned to give away 50k Propy (ERC20) tokens which was worth about $200k at the time. After the hackathon was over, Propy mysteriously cut all contact with participants and hackathon organizers. https://steemit.com/cryptocurrency/@kjnk/propy-fails-to-pay-usd200-000-in-prize-money-to-wcef-hackathon-winners + +Investing can be scary but what’s even scarier is knowing that your money is losing purchasing power (currently 5%) every year. +That’s why I’m almost 100% invested aside from my emergency fund. With inflation going up and up my money is best invested in crypto. +We all here exactly know how and why FTX collapsed. We all know that SBF stole all of users funds to use them for himself and his other partners. We also know that this actions lead to millions of lives being ruined. + +But many people outside of crypto do not really know what kind of a fraud SBF, FTX and Alameda Research were, why? Because the media has been in a full-time job trying to whitewash the actions of SBF and Co. + +Here are some of the few examples from high-level media outlets people trust to show them the truth: + +# + +[The Washington Post about FTX-collapse](https://preview.redd.it/ynvfucv6851a1.jpg?width=626&format=pjpg&auto=webp&s=8da06d6bd9195d832da879a825872745a0549f11) + +I already did an entire post about this 2000-word Washington Post article ([here](https://www.reddit.com/r/CryptoCurrency/comments/yyq6pq/there_is_a_2000_words_article_now_by_the/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)) that is doing nothing else but show SBFs actions in a good light. They especially highlight his extensive lobbying efforts which according to them were for “pandemic prevention“ and obviously not him trying to have political connection to do whatever he wants. + +# + +[Reuters about the FTX-collapse](https://preview.redd.it/0hp96gja851a1.jpg?width=680&format=pjpg&auto=webp&s=ce993683ae2420d62b807f59fdd829aec16a686a) + +Now here we do not even have to go further and can see that the headline of this Reuters article is already trying to really make a billion-dollar scam to fill his own pockets look like a “favour“. + +# + +[Forbes article on Caroline Ellison](https://preview.redd.it/0rau539d851a1.jpg?width=508&format=pjpg&auto=webp&s=7f1930d67398e26eee5cb5f5c09877bb9812c571) + +Forbes is also just talking good about the co-CEO of Alameda Research, Caroline Ellioson fro whom we have already seen enough videos showing how highly mishandling she was. Forbes is portraying her as a “risk-loving“ person and a “math wiz“. For your kind information Forbes, this “risk-loving“ person risked and lost all the funds of millions of people around the world. + +It is clear that the media must have been paid by SBF to write such “shill-articles“ about him and his companies. Nowadays you can not even trust the biggest media outlets to tell people the simple truth of a story that made millions of peoples life worse. Thats just a shame… +Yes this is autistic.. but I lost 1k and I file as a dependent under my parents and I made less than 6k last year. Do I have to file? Need to hide it from them or my ass gonna be whooped. + +Edit: made the 5k from a part time job +Also what if I have Down's instead of autism +Hello, I noticed many students on this subreddit want to pursue a career in Finance and am willing to help college job seekers learn from my mistakes. I just wish someone laid out some do's and don'ts for when I was recruiting and so here I am to hopefully help you all out. + +A little background, I go to a target school, average GPA, and am a member of quite a few investing clubs. I was targeting sales and trading and hedge fund positions during recruiting. I interviewed with a few bulge bracket banks (4 first rounds 2 Final Rounds), two private equity firms, a private wealth management firm, a fund of funds firm (10+ billion), two hedge funds, four prop trading firms, and two large asset managers. I received an offer at a hedge fund and an offer at a large asset manager. + +Ask some questions and I will try my best to answer them in-between my study breaks for finals. + +*thread meant to be for rising sophomores +I’ve been striving for almost a year now to achieve something, and finally I was able to stack 0.1BTC. I know it’s still small and I still have to grind more to reach 1BTC, but I feel so giddy realizing that I have this. I want to continue doing this so that I can buy a house and hopefully become financially stable as soon as I could. + +It’s still a long way to go, but seeing the decimal place move as I keep on stacking makes me feel excited and motivated at the same time. Sometimes it really pays to be frugal. +I have about X amount of ETH (which is more Crypto than I ever thought I'd possess) but only a few hundred dollars of BTC, amongst some investments in a dozen other Crypto. + +I’ve always felt more bullish on ETH but is it worth converting a few thousand to BTC? + +Even if BTC hit $500k in a few years I can’t help but think the potential ETH profits would be higher. I guess one benefit would be in case ETH completely plummets but I just find that very unlikely. + +Anyway, I'm not yet at the pointless 500 character count so here's a list of my top 3 favourite pokemon:- Pidgeot- Ninetales- Jigglypuff + +edit- A lot of people have warned me of scammers... so I have changed 6 to X. I hope this calms everyone down + +edit #2- sigh.... /s + +edit #3- calm down people. Ready for me to reveal how many dms I have received? Two. Two dms… Both were jokes. No scams. +EDIT: I realize this is long, but I feel it's important to have this info out there. Maybe save it for later when you see this narrative being pushed around so you can come back and get the other side. + + +EDIT 2: TL:DR - Most negative analysis on this sub lately of Tether are likely from a single biased source that stretches a lot to make his points, and there is simply not enough Tether in the market nor is it concentrated enough to create a catastrophic problem or significant inflation for any USDT currency pair. + + +Like many of you, I have heard the stories and posts about the fraudulent tether, I trade in this space on many exchanges and the growing concern is worrying, so I did my due diligence, and I would like to share it with the community. + + +First and most importantly IMO, all this controversy stems from just one account/person. A person on twitter going by the handle @Bitfinexed - https://twitter.com/Bitfinexed + + +Here you can see this person's writings - https://medium.com/@bitfinexed/latest + + +Spoofy, Tethers and institutional investors are what they contend to be the lies and fraud, AND that this entire rally in 2017 is based on fraudulent Tethers and spoofing, and that this will implode the markets. + + +I feel this is also important… Turns out this person sold at $1000, maybe the real reason he is on this mission??… +https://twitter.com/whalepool/status/896460700461277185 + + +Now for some troubling info, the majority of this narrative (FUD??) here on Reddit in the last month come from just three accounts. + + +https://www.reddit.com/user/AtlasRand1/submitted/ + + +https://www.reddit.com/user/cetusfund/submitted/ + + +https://www.reddit.com/user/AnythingForSuccess + + +As you can see these accounts entire mission is to post constantly about this. They all show up on the other’s post to comment regularly. + + +Btw, some people on the pro-finex side think this is a smear campaign from other exchanges. I don’t believe this to be the case. This person(s) only talk about Tether/Finex, yet Tether is used and traded by the $millions daily on 3 of the top 5 exchanges, Finex, Bittrex, Polo, yet never a word about those other exchanges. (Check the USDT volume on other exchanges) +https://coinmarketcap.com/assets/tether/#markets + + +Therefore, if it is an exchange, it isn’t Trex/Polo because this would affect them as well. If it was an exchange other than Trex/Polo they would have plenty of fire power against 3 of the top 5 exchanges with Tether fraud. + + +This leads me to believe it is most likely a sad person(s) with an ax to grind. They might have lost their $ on Finex to what they believe are spoofers/fraud and or they were part of the finex hack and sold there BFX too early. + + +Btw I see contention that Bitfinex did NOT pay back the $ from the hack. They did, but some people are mad because they sold BFX early and didn’t recoup full $ amount from haircuts, but that was their decision. + + +~ +POINTS OF CONTENTION + + + +SPOOFING +This is what set my alarm bells off about these articles I read from Bitfinexed. Specifically spoofing… https://hackernoon.com/meet-spoofy-how-a-single-entity-dominates-the-price-of-bitcoin-39c711d28eb4 + + +and this nugget…“And who the hell is going to go margin long so dramatically after a huge crash?” from this article… https://medium.com/@bitfinexed/are-fraudulent-tethers-being-used-for-margin-lending-on-bitfinex-5de9dd80f330 + + +Claiming spoofing shows this person has limited markets/trading knowledge. Clearly they haven’t watched an order book of any exchange in crypto, equities, or Forex. + + +This is called scalping or scare walls. Again this is done in every market around the globe. + + +Here is a professional FOREX trader talking about scalping, how it works, who/why they do it. +https://www.youtube.com/watch?v=EYMIPmgRb_M&list=WL&index=94 + + +TL;DW - they do this to get the price where they want it because they know people are watching the order book (the video is quite enlightening), and the key point that keeps this from being an illegal activity (on regulated exchanges) is THAT THEY DO MAKE TRADES FOR THOSE SIZES eventually. This doesn’t always work and they get stuck in these positions. Risk/reward. + + +The ironic part about this spoofing idea is Finex is one of the few, if not only exchanges, that offer hidden orders. So people trying to scalp always have to worry if there is a monster hidden order lurking. + + +Go to the UPDATE: AUGUST 7TH of this story and watch the video he claims proves spoofing and Phil Potter admitting it in the voice over. https://hackernoon.com/meet-spoofy-how-a-single-entity-dominates-the-price-of-bitcoin-39c711d28eb4 + + +I see nothing wrong with what Phil says and no proof of anything in the video. Again this is true on every exchange trading anything of volume in the world. People with large amounts of money move markets, oh the horror. I “technically” do this when I place an order and pull it for whatever reason (scared, mistake, etc.) just not in large sums, but I would if I had large sums. + + +“And who the hell is going to go margin long so dramatically after a huge crash?” The crash they are referring to is from the early June ATH to the mid-July correction. A 45-day crash? Well, I am one of those people that went margin long. And many many others who read charts, resistance, support, retracement info. Again, this smacks of someone who doesn’t know what they are talking about. + + + +REASON FOR PRICE RISE/BTC GOES UP WHEN TETHERS ARE CREATED + + +This is absurd. This completely negates everything else, the Japanese currency ruling and them entering the market, Koreans coming into the market in a huge way (they now have the largest exchange by far with close to a Billion traded DAILY, oh and they don’t use Tether at all), the successful hard fork, or the more (positive!) interest from the media and people than ever before in BTC history. + + +Instead, we are supposed to think that $395 million dollars of tethers are the reason for this rise in a $160+ Billion market cap. + + +C’mon people! Look at that volume for the last 30 days. + https://imgur.com/a/vKJ5g +Also, the overwhelming majority of trade does not exist in Tether but KRW, CNY, USD, JPY. + + +Tethers are usually created when extra liquidity is needed, be it a crash or a spike. Because more people are trading. + + +They try to prove Tether boosts the market with this picture in their article. +https://imgur.com/a/274SE + + +The problem is 2 of the last 3 tether dumps coincide with a downturn. In fact, there is nothing in this graph that proves this theory. Also, the last tether dump/price rise coincides perfectly with the news of the majority of miners signaling segwit2x for the first time (search r/bitcoin or r/btc around that date). + + +So do you think the market traded billions of $ at that time because of a $50 million Tether dump or because for the first time in YEARS a solution and path forward became visible?? + + + + +THEY DON’T HAVE BANKING//NO INSTITUTIONAL INVESTORS/FAKE TETHERS-TERMS OF SERVICE + + +In regards to banking, clearly they have some kind of banking and a way for large amounts of fiat to get in and out. The banking is not for you and me but for regional bitcoin exchanges and other large customers. + + +You know how I know this? If they didn’t the internet would be flooded with Finex withdrawal issues, there would be a price premium on Bitfinex compared to other exchanges, just like Mt. Gox had for so long and also Bitfinex earlier in the year when the banking issues started. + + +This article explains it very clearly (seriously read this article), it has nothing to do with this controversy, just the banking issue in April. + +https://medium.com/@Austerity_Sucks/why-bitfinex-went-from-a-premium-in-its-crypto-usd-pairs-to-now-a-significant-discount-e7be193d7cb0 + + +TL;DR - All of the imbalances discussed (Finex premium) have been a result of USD frictions into Bitfinex. It has been a chain reaction resulting from the initial freeze to the various gradual withdrawal options. As soon as Bitfinex conclusively addresses the USD flow issues, the crypto pair prices will normalize (which they did) with other exchanges that don’t have banking frictions and USDT price will return to par (which it did). + + +The premiums on Finex and Tether are what would prove something is wrong, yet they are not here. Surprisingly Finex has been at a discount to GDAX and GEMINI recently. Meaning people are willing to take a loss on prices to be able to lend on Finex. This too will normalize as people/bots arb. + + +Aug 9th… From “arguably” bank fraud +https://twitter.com/Bitfinexed/status/895339675120013313 + + +Aug 22nd…. To “admitting” bank fraud +https://twitter.com/Bitfinexed/status/900230917196836864 + + +Listen to that audio in the second link, listen carefully. His explanation is perfectly reasonable. Banks don’t work well, consistently, or at all with crypto related companies (marijuana companies too for that matter) especially in jurisdictions that are outside US/Europe. Surprise surprise, this is nothing new. When they find out customers, deposits/wire are cryptos related they pull the plug (a reason why Trex/Polo don’t mess with USD). + + +Also, they gave their customers a haircut, probably a lot of complaints about the hack to Wells Fargo and other banks. These are the correspondent's banks, not Finex’s, they have banking. This is how they can receive large institutional deposits and withdrawals. Which I bet make up the majority of the fiat deposits and withdrawals. + + +Classic 80/20 business rule, 20% of your clients are providing 80% of the liquidity plus you are having banking issues (which is expected in crypto-land), so you cut this service to the 80% saving time/resources/headaches for the 20% loss in a single service to them (no fiat withdrawal/deposits- but crypto flows in and out with ease). + + +Again if they weren’t able to get money in and out there would be a premium, there would be a long line of complaints online. I have no reason (or proof) to believe that money is NOT coming into/out of the exchange. + + +It makes total sense too, they are the best lending platform, have one of the most liquid exchanges, and have by far the most reliable and best software/servers/UI/order options. You cannot deny this fact, they are constantly a top 3 exchange in volume, even after a hack. + + +I use Finex (as well as others) because of all those things. Also, they have already been hacked, a second hack seems less likely (IMO, they have more to lose with another hack). They have many big events on the horizon (Ethfinex). Would a company be putting resources into these things if this is all fraud or an exit scam? I find that unlikely. Is this 100% full proof? Of course not, nothing is, especially in crypto, just my reasons for trading there. + + + +Institutional Investors - https://medium.com/@bitfinexed/are-legitimate-institutional-investors-really-coming-onto-bitfinex-s-platform-i-don-t-think-so-cb4ed5175092 +Here is what this person doesn’t comprehend, what if these institutional investors are… you ready… here it comes… other exchanges that use Tether, as well as other crypto related businesses. It is only $395 million Tethers. These exchanges (Trex, Finex, Polo) are printing money. + + +This isn’t “someone” with 100’s of millions of dollars as the article suggests, it’s many people with millions/thousands of dollars. Again this all ignores the fact that many more people have entered the ecosystem this year. This is proven by Coinbase growth, transaction growth, and exchange growth (both in volume and # of exchanges), and growth in crypto-related sub-Reddits. + + +Yet Bitfinexed is shocked that lending hits ATH’s, but it is perfectly explainable and reasonable based on the evidence and data of gthe ecosystem. Let us not forget BTC is a finite amount, more people are going to increase demand/price, if you think this is a bubble... you haven’t seen anything yet. + + +The TOS are sketchy and a point of concern but there are two things to keep in mind- It was necessary to word it that way, and the market clearly doesn’t care. + + +If they had worded it that they will redeem no matter what, they would have money launderers flocking to the service (bogging down resources), plus law enforcement knocking. + + +Tethers weren’t created to get $ in/out of crypto but to provide a safe haven and liquidity on exchanges that don’t use USD. And I would say they are working perfectly. Very few are withdrawing USDT for USD. + + +I think it is precisely because of what the co-founder of tether refers to here (and below)… “If you want to convert USD₮ into fiat currency (or vice-versa) at tether.to, you must go through the whole “aggressive” KYC/AML process and get verified. I’ve heard from many who tried and were unable to provide sufficient documentation. Tether’s KYC/AML policies were written by experienced compliance officers and it’s critical that it be done properly and with diligence. It really is about “knowing your customer” and making sure that their uses are legitimate.” This is a perfectly reasonable explanation why people are not lining up to cash out of Tether, and also why large/reputable institutions can (exchanges, investors, etc.). + + + + +TETHERS REPLY TO ALL THIS, PLUS UPCOMING AUDIT +https://tether.to/tether-update/ + + +Now ask yourself this, would a company that is operating fraudulently have a roadmap of all these new features that no one will ever use if they don’t provide these promised audits as they say they will by the end of the year? + + +So as of now they have enough runway until the end of the year. I say we give Tether/Finex the benefit of the doubt. + + +While Tether could be operating fractionally (so to could any exchange in crypto btw), there is no proof or evidence of it today. It trades at normalized rates. You can’t just create 100’s of million of dollars without the marketing realizing somewhere. + + +Sure, you can say this is a confidence game, but so is crypto, so is the USD, so is the concept of money. I see no reason to be more concerned with this risk than the already risky environment we trade in with exchanges. + + + + +WHAT IF I”M WRONG? CRYPTO WILL IMPLODE! + + +No it won’t. Sure there will be a dip maybe even a correction, but there are only 395 million Tethers. People will get out of Tether even at massive discounts (until $0) into crypto because they can’t get USD, but not more than the 395 million tethers circulating (at this time). + + +At a certain discount people will understand what is going on and stop trading for Tether. BTC + ETH is worth over $100 billion, how many time does the entire amount of USDT have to turn over to cause a massive crash? + + +What will get hit the hardest are the people left holding tether (if/when they implode) and Trex/Polo/Finex. + + +To think Polo/Trex would rely so much on USDT that they didn’t fully vet it is absurd as well. Whats more likely, Polo/Trex’s due diligence or this @Bitfinexed person based on conjecture? + + +I’ve already seen a Forbes contributor try and get ahold of Bitfinexed on twitter. https://twitter.com/laurashin/status/894437272241569792 + + +Could I be wrong about all of this??? Of course, but, I feel I have provided more evidence than the other side. You are the Judge :) + + + + +USEFUL INFO + + +Some from u/udecker - Tether co-founder + + +Tether.to is who has the backing for the token, not Bitfinex. Bitfinex is a customer of Tether. If Bitfinex wants more Tether, they make a request to Tether, just like all other Tether customers. Tether waits for USD to show up, and when it does, creates the necessary tethers and credits Bitfinex. They both have Tawainese banking so money can flow back and forth easily. (The banking industry in the country of Taiwan are under scrutiny lately because of larger legal issues not involving crypto, but clearly affecting crypto companies) + + +https://wallet.tether.to/transparency + + +Tether wasn’t designed to be a profit machine. It was designed to be a utility for the crypto community to provide a stable token (with all the benefits of this). +Tether’s business model is this: +1. Generate fees from wire deposits and withdrawals and conversions. +2. Interest income on the reserve. + + +Bitfinex’s parent company owns a 20% stake in Tether. + + +People say Tether isn’t being burned. But they are being recycled which is/was always an option. + + + + + +I hope we can have a productive conversation around this without the usual Gox 2.0, sell it all, Bitfinex is the anti-christ comments with no substance. +Give us your opinion and perspective because maybe I am missing something… but, maybe you are too. + + + +This was quite time consuming (just ask my kids and boss, lol) So if you found this info helpful you can donate if you’d like here, if not, no biggie smalls :) + + + + + + +ETH - 0x0181D1C82229BAD741BB6c302ae523aE6DC9a1EE + + +This earlier thread from Friday covers the original news: [https://www.reddit.com/r/IndiaInvestments/comments/iqp3id/sebi\_changes\_norms\_for\_multicap\_fund/](https://www.reddit.com/r/IndiaInvestments/comments/iqp3id/sebi_changes_norms_for_multicap_fund/) + +* In an unusual move, SEBI issued clarifications on a Sunday +* The official press release is at: [https://www.sebi.gov.in/media/press-releases/sep-2020/clarification-pursuant-to-circular-dated-september-11-2020-regarding-asset-allocation-of-multi-cap-schemes-of-mutual-funds\_47546.html](https://www.sebi.gov.in/media/press-releases/sep-2020/clarification-pursuant-to-circular-dated-september-11-2020-regarding-asset-allocation-of-multi-cap-schemes-of-mutual-funds_47546.html) +* The press release mentions 'True to Label' multiple times +* And mentions that some multi cap schemes have been acting like large cap schemes +* (Of course the reference to the right index does not go with true to label as Nifty500 is still dominated by N100) +* The circular even mentions that AMCs can re-categorize the schemes and/or merge +* The text indicates that the motivation was not to increase flow into small caps as many reports have alleged +* And there is a note about considering suggestions from the industry + +BTW, Kotak's Nilesh Shah is a vocal fund manager. They also happen to run the largest mutli-cap fund. He has clearly indicated that they won't buy small caps unless it makes sense - [https://www.bloombergquint.com/business/sebis-multi-cap-fund-rule-wont-buy-small-mid-caps-if-it-doesnt-make-sense-says-nilesh-shah](https://www.bloombergquint.com/business/sebis-multi-cap-fund-rule-wont-buy-small-mid-caps-if-it-doesnt-make-sense-says-nilesh-shah) +I am invested In the above fund through SIP. +As Long term Capital gains are subject to 10% tax now, It's good to book gains upto 1 lakh every year in March +(IT exemption). +But this fund and doesn't allow lumpsum investment. +So can't re-enter the fund again in the April. +Any practical solution for this? + +Edit: Mirae now have restricted SIP to 2500rs/m to make matters worse. +So we can only redeem in reality +\* Mods, please feel free to remove if not appropriate for this sub. + +I had an idea a few months ago, which I will vaguely share here, and I was hoping for a few things from this sub: + +1. Be critical of the idea, and tell me why it may not work. +2. Let me know if there are any laws / regulations that may stop this from being a thing. +3. How may it be implemented successfully? + +So here's the idea: + +Due to the changes of the recent farm laws, and Karnataka making it legal for non farmers to own farm land (as far as I know), is it now possible to get investments from retail investors, to invest directly into agriculture, without physically owning farm land? + +I was thinking, if it is possible for someone (or maybe even me) to create a financial product that retail investors from cities can buy, who want to invest directly into agriculture, but don't have the time to buy or lease agricultural land themselves? + +This may be an entirely silly idea, but could it be possible? Are there any laws that I am not aware of, that will stop this from being a thing? + +&#x200B; + +Edit: Small error in the title, it was meant to say "Are there any laws/regulations preventing an individual/small company from selling investment products?" +What are your thoughts on VPF? With better interest rate and flexibility than PPF, and practically no limits on investment (up to your entire basic pay), shouldn't more salaried people use this before PPF? + +What am I missing here? What can be the cons of using VPF? Why isn't this being talked about or recommended more often? + +Edit: + +Summary of the responses + +There seems to be 2 streams of thought. + +1. VPF in its current form is actually a very good option if you want to save for retirement. More people should actually make use of it. People don't invest in it because of lack of awareness. + +2. VPF in its current form is unsustainable, subject to the whims and fancies of the govt, and the rules are most likely to be changed/tightened to bring the returns in line with other govt small savings schemes. + +Though I personally belong to the first line of thought, the arguments listing out the cons have been very clearly put and they are serious concerns. + +Thanks for the replies. +I started investing at age 15 , with my dads money . I understood compounding and read up on the rest , the one thing I did not understand was the unpredictability of life and it’s impact on investment decisions . + +I understood that at age 30 . In those 15 years , I sold Glaxo at 360, HDFC at 400, HDFC bank at 700 and 2/3 more such mistakes . I have made many many mistakes . + +I am writing this post in the hopes that some of you may understand or benefit . As usual the disclaimer , I am not an advisor , these are not recommendations , just my opinions . Please do your own math , your own advisor etc etc. + +—————————— + +I am a retail investor , I am always going to be at the back of the line, there are much bigger fishes out there and no one gives 2 pennies for a retail investor . Apart from common sense , patience and discipline we got not much else going . And life is full and hard enough to spare time for complex analysis . + +At age 30 , it finally dawned on me that there are three things a retail investor looks for when making an investment + +Safety , Liquidty and Return + +Now draw a triangle , and put safety in one corner , liquidity in another corner and return in another corner . + +The problem is faced was simple , for any given investment I could operate only on one line of the triangle . + +1. If I chose safety and return , then compromise on liquidity + +2. If I chose safety and liquidity , then compromise on return + +3. If I chose return and liquidity , then compromise on safety . + + +At age 30 , I decided to break the triangle , I decided to kick liquidity out of contention + +I started off by keeping 12, 24, 36 months of liquidity . 12 months in savings , and rest in a liquid fund + +That allowed me to buy and hold across equity and debt . Without being under any pressure to sell . Having that amount of liquidity under my belt , made me averse to sell , also if I got an opportunity I had cash to deploy . + +Is it the right thing to do , I have no clue , was I optimised , maybe not. Did it help me yes . +Hi everyone + +The US still seems to be the best place to fatfire in and has opportunities like no other country. Of course, there are downsides like healthcare costs, expensive education, rising COL and a medium - high tax burden depending on the income. I'm wondering if it is still recommended to go the US for fatfire purposes or if other wealthy countries offer the same degree of fatfire possibilities. + +Did any of you guys move from a wealthy country such as Switzerland, Sweden, Norway or Australia to the US? How did it go? + +I'm finishing up my degree soon in Switzerland (which is almost free thanks to the more socialist government) and am considering moving to the US in a couple of years with no debt and ready to rock! + +However, Switzerland still has the highest average wealth per adult worldwide and factors like low taxes, high salaries (particularly in my field, finance) and fantastic QoL makes it hard to leave. I believe that the US tends to be more "new" money whereas in Europe, "old" / inherited money seems to be the primary reason for still being ranked at the top of the wealth list. What is your experience? Thanks for sharing. +Curious in general +for any FAT-specific answers like retirement, personal trainer, high end in-house equipment, health or nutrition coach, holistic wellness doctor etc. + +Non-fat answers are very encouraged if they Have had the biggest impact! +I live in penticton(okanagan). +I bought a townhome for 395 with 80k down. +I do have a family,kids. + +The markets is pretty hot as of now people are getting asking and a few occasions over asking. + +My realtor is saying i could list the place for 500,000 +And get some good interest. + +Whats your guys take. +As someone that trades just for some side cash, I’ve never felt pressured to have to trade or make money, but I recently realized that for full time traders, there might be an emotional barrier of having to put money on the table. + +Has this ever affected your trading, and if it has, how were you able to overcome it? +&#x200B; + +Websites already created, coin utility will be integrated into the website. Dev doxxed himself on twitch AMA. 1 Day old. Huge Moonshot potential. Marketing push incoming + +&#x200B; + +There are so many shitcoins out there that only aim to scam you or fatten the pockets of the rich, this is NOT one of those coins. With our Anti-Whale mechanics and burnt LP you can rest assured that This Guy Fucks is a safe investment + +&#x200B; + +As a community project we look to include you as much as possible in the decision-making regarding use case. The integration will be built into the website and require you to hold a to be determined number of tokens in order to access. The profits will be split amongst all that participate, more info to come once API’s are written. + +&#x200B; + +✅ SUPPLY: 1,000,000,000,000 + +&#x200B; + +✅ 1% max buy/sell 10,000,000,000 + +&#x200B; + +✅ 2% max wallet 20,000,000,000 + +&#x200B; + +✅ 8% tax + +&#x200B; + +✅ 4% to holders + +&#x200B; + +✅ 4% to liquidity + +&#x200B; + +Contract: 0x481cd071b8f658be84d7edfa0d1c4c937566c59b + +&#x200B; + +Telegram: [https://t.me/ThisGuyFucksOfficial](https://t.me/ThisGuyFucksOfficial) + +&#x200B; + +Twitter: Coming soon! + +&#x200B; + +Website: [https://thisguyfucks.net](https://thisguyfucks.net) + +&#x200B; + +Chart: [https://charts.bogged.finance/?token=0x481CD071b8F658Be84d7edfA0D1C4C937566c59b](https://charts.bogged.finance/?token=0x481CD071b8F658Be84d7edfA0D1C4C937566c59b) +Hello, all! + +I shared a post yesterday where I talked about hitting a milestone of maxing out 403B and getting my rental property self-sustaining all while making 65-66K per year and coming from an underprivileged background. + +I received a lot of DMs asking for specific details & insight so I thought I would share it in a post. (The mods removed the original post because it was a milestone better suited for a milestone thread). + +&#x200B; + +Background: + +I’m currently a 29F. I was born in India & moved to the US with my family when I was 5. My dad immigrated on a work-visa in the late 80s & worked in a convenience store, as a dishwasher, and a check-out clerk to provide for us. He & my mom got a loan to buy a small motel in rural OK when I was 6. They were making enough to pay bills, but not really saving. We then moved to Texas where they bought a bigger property (again with a huge loan this time from the SBA). They were able to save a little this time, but that was wiped out when the Great Recession hit. I graduated HS in 2008 & really had no idea how I would make it through college. My school was a rural school and we didn't have a guidance counselor. Most of the teachers expected us to not go to college. Somehow, using the internet, I figured it out and went to a state university. I worked during college (sometimes as many as 3 jobs) and graduated without loans. + +&#x200B; + +Income & Investments: + +After I graduated, I began working in education. I love the field & the impact education can have on lives. I love the field, but it doesn’t pay well. I’ve been working for 8 years, but only started to make over 60K in the last three. I have worked in many aspects of education including K-12, non-profits, and now higher ed. Some of the orgs had 403bs and matching, but not all. My current org gives us 10% (5% base, 5% match). + +I basically taught myself about personal finance using the pf subreddit. My family didn’t really discuss personal finance as my parents were just focused on keeping their business running so I was starting at level zero. I didn’t know much from 2012-2014 expect that I wanted to eventually get an MBA so I was just saving cash for that. + +I just lived way below my means in a tiny studio and was focused on saving as much as cash as I could. I also got my first credit card in 2015- a BofA travel rewards card! Before, I used to pay for everything with a debit card lol. + +In 2015, I started a Roth IRA and have maxed it out every year. All in low-cost index funds using the Bogle method. + +In 2016, I started my MBA at another state school. I went part-time while working full-time so it took 3 years. It cost about 30K in all, but I was able to pay in cash installments every semester. + +In 2017, I became the Executive Director of a local non-profit and my pay was $62K, but it included no retirement or health insurance. I paid for health insurance out of pocket, maxed out my Roth IRA and put a lot of other cash into a taxable brokerage account still investing in low-cost index funds. + +I also bought a house at this time. I’d never lived in a house before! I put 5% down even thought I could have put more & I’m glad I did. I also put into my closing contract for the seller to pay 5K of the closing costs and they did! So, my cash to close was something like 3K. Crazy! + +At that time, 62K seemed like a jackpot for me! My take-home pay was around 4K and that just seemed like a LOT of money (still does tbh). I just saved most of it. + +In 2019, I moved across the country to begin working at a university. My salary is now 66K. The org gives us 10% in a 403b as well as really good health insurance. The 403b is invested in low-cost Vangaurd index funds as well. + +One of my goals this year was to max out my 403B (19,500). I wanted to first hit 6 months’ worth of expenses in my Efund and at least 15K in my house fund so I continued to stock away money. I put my tax refunds, stimulus, any extra cash into these accounts. I also stuck by a budget (but I definitely treat myself!). I had about 7K in my home fund in February and I swear once I became laser focused on growing this, different income streams opened up. I started a small side-hustle mentoring & coaching high school student and then I started an online conference business during the pandemic whilst working from home. + +I also finally increased my contributions enough to max out my 403b! + +I was renting out my house as an Airbnb but decided to make the shift to long-term lease in April. My Airbnb manager was great, and she & a few other local contacts did some on the ground stuff for me, while I worked on marketing the property. I was initially going to go with a property manager but was barely going to break even with their 10% fees. So, I decided to DIY (and found a great online resource to help manage things ([Avail.co](https://Avail.co))). + +I just found some renters last week who signed the lease, paid their deposit & first month’s rent & move in soon! I had a very thorough vetting process which is why my place took a little longer to rent, but it was 100% worth it. I did all the research myself using website like [Avail.co](https://Avail.co) & Bigger Pockets. + +I also worked with a great tax accountant to got me the full benefit of active loss clause for small-time landlords (folks who make under a 100K can get a 25K loss benefit to their W-2 income). Since, my rental income was a net loss esp including depreciation, I was able to have my MAGI lowered by the amount of my loss. That helped at tax time. + +&#x200B; + +Keeping my expenses low has been mostly easy. I’m a pretty relaxed person. All of my hobbies are free. Literally, my favorite things to do are go on walks with my dogs and read books in my hammock. I enjoy travelling too, but obviously that’s on a pause right now. + +&#x200B; + +Future Goals: + +My future goals are + +1) Continue maxing out my 403B + +2) Move into a director level role at my org or a similar org (ideally making 100K+ and ideally being remote) + +3) Buy rental property in cash (maybe—I want to see how like being a landlord!) + +4) Continue really liking my work (very important to me) + +5) Make an impact for others (I’d like to financially support girls’ education) + +&#x200B; + +&#x200B; + +&#x200B; + +Anyways, I hope this answers some specific questions people had! I’m happy to share  + +&#x200B; + +TLDR: + +I have never made more than 66K and I’m sharing my journey on how I was able to max out my 403B, rent out a property and more. +I've finally paid off the mortgage to my apartment in NYC. Comps for the apartment are \~$400K. I don't have too much money I can tap into for investments, but I'd like to purchase an investment property to rent out/ airbnb. I'm guessing HELOC is the best way forward. Since NYC is full of coops it's difficult to rent out an investment property, so I'm considering purchasing a property in another state. I'm thinking either Pennsylvania, since it's relatively close where property prices are relatively low; or Arizona, where I have family who can manage the property. What should my next move be? +If I have a British passport, and I've lived in the middle east my entire life, could I, by just getting a high school diploma, travel to America and take the real estate exam to become an agent? Or should I be an American citizen? +I was discussing buying homes at a foreclosure auction with another invester and he started telling me some of the tricks he's used over the years. + +He was in construction in his past life and mentioned that on a couple houses he had been planning on trying to purchase at auction he actually went to the homes, essentially broke in, and changed the locks. Not exactly sure why, I'm guessing this was simply to disrupt others ability to do their due diligence. + +He actually got caught by the police changing the locks at one point, but because he had his construction truck parked in front they assumed he was working for the bank or something and didn't do anything. + +Apparently he ended up in a bidding war with another guy, and after he won, the other guy came up to him and congratulated him after and handed him a set of keys.... Apparently that guy has also changed the locks lol. + +Is this really common? Does it actually help give you an advantage? I've been trying to research all the ways to do your due diligence on a foreclosure but this seemed CRAZY extreme. +I’m a young adult who spent their early 20’s caring for my sick mom (dad died when I was13), Mom passed away about 8 months ago. It’s been a wild ride to say the least, but now that the dust has settled I’d like some insight or opinions. I inherited a 401K and other assets and per my mother’s wishes a financial advisor oversees the money, but they haven’t really given me any advice I don’t already know. + +401K and liquid assets are in the $450K range. I’d like to purchase a home in the (250k) ballpark, but the kicker is that I don’t make enough to even qualify for a mortgage. My job situation is a bit weird. I am a volunteer with Americorps and will serve until December 2020, so my living stipend is about $1400/month. + +Besides paying off my car, I haven’t touched the money. Would cashing out some of the beneficiary 401K and paying for a house in cash be a good idea? My intent is to purchase a home, live in one room and rent out the other rooms for supplemental income/ allow it to be an investment opportunity for me later down the line. I live in a decent sized city where finding renters is fairly easy. +A few months ago, due to what I still can’t explain, the parental controls on purchases on the android device stopped asking for a password. My 8 year old son discovered this while playing Roblox and went on a Robux buying spree to the tune of $427. We only caught it because of the confirmation emails a few days later. We were only able to reclaim $115 from Google. He lost the device, and his favorite game, for a long time. + +Fast forward to today. I have been giving my son $5 a week for chores into a custodian trading account. I luckily I picked a few good stocks and he has a nice little ~$300 Disney Trip fund for toys, swag, etc. I told him I was going to spend his savings on buying RBLX. I explained to him about market cap, shares outstanding, float and he understood 0 of these things... But I also explained that putting $300 into a game vs $300 into a game company were different things and (inner monologue: while probably over priced at the moment) it may grow his Disney Trip fund while he supports the company that has brought him so much pandemic joy. He was totally jazzed about this prospect and investing in general. Also... payback... sort of. + + +EDIT: A few more details for the surprising amount of negative posters below, especially for a light-hearted story about both of us learning money lessons. + +* I am not shilling Roblox stock we collectively own 4 shares. +* Of course any major losses would be covered. No children's dreams were ruined in the making of any financial lessons... yet. +* He did have to earn back his mistake through increased help around the house. +* I own a lot of DIS in my own accounts. +* I match his own bday, card, etc contributions 1-1 to his account as an additional incentive to invest. +Is it a good idea to buy dividend stocks 100 shares at a time(for example 5-10 shares every week till I get to 100) +And from there going to a different stock while doing covered calls/puts to buy more stocks while getting dividends? +Does it make sense? +I'm a complete noob so any help is appreciated. +Thanks. + +Edit: I have mo and qyld as a start. +Does it make sense for me to fill my IRA with dividend stocks etfs and mutual funds, even though I cannot touch the dividend it’s self until retirement. +30 years old +Just starting to invest + +Or would it make more sense to invest in something different? +I have made my first $100 from crypto and I’m currently looking for a P2E game to put my money into. For context I love gaming but I’m still a college student so I don’t have a lot of money to burn. I’ve been looking around for good games but most of them are already so popular which are more expensive. I’ve looked into P2E platforms such as Sandbox and Infinity. Although I’ve been gaming for a long time, I am entirely new to this Play-2-Earn game. It’s becoming a trend now and all my friends are either investing or getting ready to invest. I don’t want to be left out. Where do I begin? What other games do you guys think I should look into? +_I will not at any point ask for donations in this post, and anyone who does is a fraudster. I have health insurance, which has covered all my medical bills so far_ + +Hi everyone, + +A while back I posted this on the sub + +https://www.reddit.com/r/ethtrader/comments/7eoaoo/thank_you/ + +And it got quite a bit of attention (and a lot of positive responses). And since it's been almost one year since my diagnosis, I figured the least I owed everyone on here was an update on my condition - so here it goes: + +I'm now 18 and I'll soon be graduating high school, and I plan to study finance at a local State University. Although my primary tumor (which was the size of a tennis ball in my jaw) was killed by radiation, my diesease was metastatic upon diagnosis - so I have a whole bunch of smaller tumors to deal with. My tumors are pretty resistant to chemotherapy, although they did first respond. Therefore, we've relied on radiation and a new procedure called Cryoablation (injecting a tumor with liquid nitrogen, freezing it to death) which is pretty similar to what you'd have done to a wart. Basically, any time a tumor begins to bother me, we'll do that procedure. I just had one done last week, for the first time, on a pool-ball sized tumor in my thigh/hip/groin area. + +This may all sounds pretty horrendous, but it's actually pretty under control. I haven't shown many symptoms. + +So I'm chugging along as best I can. I'm pretty high-function for a stage IV cancer patient. I go to school pretty consistently, I hang out with my girlfriend all the time (she's been with me since before this started. What a keeper). Prom is coming up this weekend. Ironically, this is on the day that marks one year since my diagnosis. I pretty much do all the regular stuff a guy my age does. + +If anyone's wondering, no, my disease (although very difficult to cure) is not terminal. + +Oh, I get a Make A Wish, and I chose a trip to Italy with my girlfriend. That should be this summer, and I'm pretty stoked. + +I'm still in Canadian marijuana stocks, and I do own 1 eth now just so I can get some of that 24/7 market action. + +But yeah, I'm doing pretty well, and I'm glad I got to update anyone who's interested. I'm especially glad I've made it thus far, and I plan to make it until I'm rich and retired. I'm considering posting my social media on here in case anyone wants to follow along my journey. Let me know what you all think of that! + +Sincerely, +FullComprehendable + +Edit: I misspelled my own username 🤦‍♂️ +Rather than an x/y axis of time/price, imagine that you are in a time machine that can travel into the future to see what things will be like when we gain more adoption and then go back in time to buy up all the juicy coins at discounts. I can't believe the amount of FUD and discouragement I see in this sub. Is it caused by mostly noobs? Do you not actually believe in the technology you're investing in? If not, please sell and get out. You're not an early adopter and you don't need to be here. If you are an early adopter and not some noob looking for a lambo, then you're obviously here for a reason. Remember what brought you here to begin with and start stacking those coins like it's the Summer of 2017! +Original AFR article here: https://www.afr.com/property/residential/what-1m-now-buys-you-in-australia-s-biggest-cities-20210326-p57e8i + +Sydney + +[Randwick 2 bed apartment](https://www.domain.com.au/6-1-ethel-street-randwick-nsw-2031-2016819212) + +[Bondi 2 bed apartment (no parking)](https://www.domain.com.au/10-15-wellington-street-bondi-nsw-2026-2016793612) + +[Fairlight 2 bed apartment (no parking)](https://www.domain.com.au/2-17-bolingbroke-parade-fairlight-nsw-2094-2016843491) + +[Potts Point 1 bed apartment (no parking)](https://www.domain.com.au/3-3-oak-lane-potts-point-nsw-2011-2016836436) + +[Wareemba 2 bed townhouse](https://www.domain.com.au/6-145-147-hampden-road-wareemba-nsw-2046-2016795519) + +[Riverwood 3 bed house](https://www.domain.com.au/5-hunter-street-riverwood-nsw-2210-2016824933) + +[Marsden Park 5 bed house](https://www.domain.com.au/44-albatross-avenue-marsden-park-nsw-2765-2016882796) + +Melbourne + +[Reservoir 3 bed house](https://www.domain.com.au/686-high-street-reservoir-vic-3073-2016836783) + +[Ashwood 3 bed house](https://www.domain.com.au/1-6-teck-street-ashwood-vic-3147-2016290894) + +[Caulfield North 3 bed villa](https://www.domain.com.au/1-8-wyuna-road-caulfield-north-vic-3161-2016800380) + +[Doncaster East 3 bed townhouse](https://www.domain.com.au/2-1-greendale-road-doncaster-east-vic-3109-2016824897) + +[St Kilda 2 bed apartment](https://www.domain.com.au/47-64-fitzroy-street-st-kilda-vic-3182-2016805636) + +Brisbane + +[Paddington 3 bed house](https://www.domain.com.au/32-charlotte-street-paddington-qld-4064-2016621225) + +[Redcliffe 3 bed apartment](https://www.domain.com.au/704-99-marine-parade-redcliffe-qld-4020-2016563542) + +[Norman Park 4 bed house](https://www.domain.com.au/99-thackeray-street-norman-park-qld-4170-2016744230) + +[Wakerley 5 bed house](https://www.domain.com.au/52-red-gum-crescent-wakerley-qld-4154-2016841828) +Like many of you, I thought that sometime soon our 10 year long bull market must end. I began hoarding cash anticipating a drop and a recession that could last years and depress stock prices. + +Until I sat in one of my classes and my professor, a CMT, brought up an interesting point: we might only be at the start of the bull market. He brought up the classic SPX chart showing the enormous returns ever since the '08 recession. Then he brought out other indices such as the Russell 2000 (IWM) and various Emerging Market ETFs (VEA, IEFA, AIA, etc.) and pointed out an oddity: Between 2018 and March 2020, these markets have been stagnant/flat, essentially trading within a range. He explained that while growth in the S&P might have been great the last few years, practically the rest of the world lagged behind. + +Basically his point was this: now that all of these other indices/stocks are joining the rally after being stagnant for years, the real bull market is just beginning. + +Of course, he and I could easily be wrong. But I was interested in finding out your thoughts on this, what do you guys think? +I know, I know and I'm forever kicking myself. I want to open a Roth IRA before filing my taxes this year and am thinking of using Fidelity or Vanguard. I know next to nothing about investing and the stock market and I would appreciate any advice. I would like to invest in renewable energy and funds that include companies like Amazon, if that's possible. Thank you! + +EDIT 1: I do have a retirement account through work, but haven't voluntarily contributed anything yet. I also have a decent amount of savings and a pension from a previous job that will be available in a few years. I gross ~57k annually, right now. + +EDIT 2: Thank you all, so much, for your replies. I'm going through each one and taking notes, because I set up a meeting (at no cost) with a retirement specialist from Vanguard through work. I checked out my HR info and in addition to the main retirement plan 403(b) where they make contributions on my behalf, there is also a voluntary retirement savings program 403(b) (contribute from 1-80% of eligible pay, up to the IRS annual limit) pre-tax or Roth after-tax, where employees are automatically enrolled (even though it says I'm not enrolled) to contribute 3% on a pre-tax basis and they will match the pre-tax and Roth savings combined to a max of 3% of eligible pay. So, I know I should up that contribution percentage to the max I can afford. I just need to figure out what that is. +I'm 26, about to turn 27. + +I've made tons of mistakes, and quite frankly, feel incredibly anxious about where I'm headed in life. I currently make 40k, and have tried to reduce my spending in every way imaginable. My spending is as follows: + +600 Rent (Includes Power/Water) +242 Car Payment +178 Student Loans +106 Car Insurance +400 Toward CC Debt (I owe about 3200) + +That leaves me with 1040 when all is said and done. What I've done thus far is 200 on groceries, 200 on entertainment, and 600 on savings, but I just feel like it's not enough. The debt feels insurmountable because of interest, and then I have to pay the car and student loans as well. I have about 2000 saved up in an emergency fund. Should I take my "savings" and just use that money to pay off the CC instead? + +I also feel like I'm not really living and that's a whole other topic of discussion. I recently stopped attending therapy in order to save money, which isn't doing me any favors. + +I'm currently looking for a second job. I don't want to work too many additional hours, out of fear of slipped performance at my primary job. I'd want to ideally just work 8 extra hours a week or so. + +I feel woefully inadequate as an adult and I don't know what to do. +I’m 30 years old, working for a state university. Every month, close to 15% of my gross earnings is deducted from my paycheck for the state pension fund. If I stick with my university until retirement, I could retire with a pension of 60-80% of my salary, depending when I retire. + +Should I still try to put 15% of my gross pay into retirement funds, in addition to the pension? I want to retire comfortably, but I’m also living quite frugally right now, as so much is deducted from my salary, and I’m throwing everything extra at loans and savings. Before deductions my salary is $49,600. I take home about $35,000, and live off half of that, with $1000/month going to loans, $500/month to savings. + +I’m doing Dave Ramsey’s baby steps, and the idea with that is I would only start saving 15% for retirement once I’m debt free with full emergency fund and have bought a house with 20% down. My goal is to get to that point in about 5 years. So, at that point, what percentage should I put towards retirement, in addition to the pension? +So let’s talk about debt, specially creative solutions to tackling debt. + +My wife and I are at 200K total debt between three degrees (two bachelors and a masters), no paternal assistance for school, no way to work while there because of collegiate sports at a smaller private school with no scholarship, and living in two metropolitan areas (DC) making only 40K a piece for 8 years. We could barely keep up with day to day living with cash on hand so resorted to some credit cards. Anyways, that’s a brief snapshot of the world we are in..(luckily we are now blessed with good jobs because of the sacrifices we made over those 8 years)...how in the world will we ever get out of this rut? +Guten Morgen to this global band of Apes! 👋🦍 + +There is a feeling in the air that this is a pivotal moment in the stock market. +We have long expected that the MOASS was going to be preceded by a massive shock to the system, in the form of a crash. +While the year so far has certainly been tumultuous, it has not quite reached a level that I would consider 'crash'. +However, the Fed will be adjusting rates this week, and I have very little doubt that we will see shockwaves. +I honestly don't see any way around it - any number that they throw out is either going to be too high or too low, because nobody knows what is going to fix this inflationary mess. +Nobody is going to be happy, and that will lead to a jolt. + +Naturally, it coincides with a massive FUD campaign to paint GME HODLers in a bad light, as if we are the ones responsible for the crash. +I like the stock. +I mean, who wouldn't? +A company with no debt, plenty of inventory to supply a strong retail and online sales business, as well as a rapidly growing digital technology business. +A company that has shown me time and again that they are on the side of their customers and investors. +A company that has over 50% of the free float held at their transfer agent by investors who are committed enough that they learned about DRSing and actually took action do do so. + +GameStop's investors are not the ones responsible for the crash. +The people who print and dump countless billions of dollars into the markets to line the pockets of Wall Street are. +The short sellers who prey on vulnerable companies and retail investors are. + +This time, we'll make sure they are held accountable. + +Today is Monday, September 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: **$27.98 / 28,11 €** *(volume: 2066)* +- ⬜ 115 minutes in: $27.98 / 28,11 € *(volume: 2066)* +- 🟩 110 minutes in: $27.98 / 28,11 € *(volume: 2042)* +- 🟩 105 minutes in: $27.98 / 28,11 € *(volume: 2017)* +- 🟩 100 minutes in: $27.97 / 28,10 € *(volume: 2017)* +- 🟩 95 minutes in: $27.97 / 28,09 € *(volume: 2017)* +- 🟩 90 minutes in: $27.96 / 28,09 € *(volume: 2017)* +- 🟩 85 minutes in: $27.95 / 28,08 € *(volume: 1407)* +- 🟩 80 minutes in: $27.95 / 28,08 € *(volume: 1386)* +- 🟥 75 minutes in: $27.92 / 28,05 € *(volume: 1386)* +- 🟩 70 minutes in: $28.18 / 28,32 € *(volume: 797)* +- 🟥 65 minutes in: $27.95 / 28,08 € *(volume: 784)* +- 🟩 60 minutes in: $28.06 / 28,19 € *(volume: 755)* +- 🟩 55 minutes in: $28.01 / 28,14 € *(volume: 755)* +- 🟩 50 minutes in: $28.01 / 28,13 € *(volume: 755)* +- 🟩 45 minutes in: $28.00 / 28,13 € *(volume: 755)* +- 🟥 40 minutes in: $28.00 / 28,13 € *(volume: 755)* +- ⬜ 35 minutes in: $28.00 / 28,13 € *(volume: 749)* +- 🟥 30 minutes in: $28.00 / 28,13 € *(volume: 715)* +- 🟥 25 minutes in: $28.01 / 28,14 € *(volume: 677)* +- 🟩 20 minutes in: $28.02 / 28,15 € *(volume: 677)* +- 🟥 15 minutes in: $27.99 / 28,12 € *(volume: 676)* +- 🟥 10 minutes in: $28.02 / 28,15 € *(volume: 264)* +- 🟥 5 minutes in: $28.03 / 28,16 € *(volume: 193)* +- 🟥 0 minutes in: $28.08 / 28,21 € *(volume: 39)* +- 🟩 US close price: $28.64 / 28,77 € *($28.17 / 28,30 € 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 0.9954. 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'm always surprised by how few people know about this. + +When a business owes you money but can’t send it to you, they may turn it over to the state. Each state holds onto that money and keeps a detailed list of who it belongs to. If some of it’s yours, you can file a claim to get it back into your pocket. + +The money could be anything from eg. + +* States' Unclaimed Money +* Unclaimed Back Wages +* Life Insurance +* Retirement +* Taxes +* Banking, Investments, and Currency +* Mortgages +* Saving Bonds +* International Funds